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[{"start": "00:00:00", "end": "00:00:04", "text": "Another day in the crypto markets and"}, {"start": "00:00:02", "end": "00:00:06", "text": "another pullback, but there are some"}, {"start": "00:00:04", "end": "00:00:08", "text": "lessons I think we can take from this. I"}, {"start": "00:00:06", "end": "00:00:10", "text": "still think it's a pretty good day. So,"}, {"start": "00:00:08", "end": "00:00:12", "text": "as we take a look at the markets"}, {"start": "00:00:10", "end": "00:00:15", "text": "themselves, we can see that we've lost"}, {"start": "00:00:12", "end": "00:00:17", "text": "roughly 200 billion or so. We're at 2.8"}, {"start": "00:00:15", "end": "00:00:20", "text": "trillion right now. We we're just"}, {"start": "00:00:17", "end": "00:00:22", "text": "recently at above 2.99, roughly three"}, {"start": "00:00:20", "end": "00:00:24", "text": "trillion. So, give or take about 10"}, {"start": "00:00:22", "end": "00:00:26", "text": "billion or so. We are down. We can see"}, {"start": "00:00:24", "end": "00:00:29", "text": "that across the board. Bitcoin in 24"}, {"start": "00:00:26", "end": "00:00:31", "text": "hours. Ethereum is down. All the"}, {"start": "00:00:29", "end": "00:00:34", "text": "altcoins are down. And of course, when"}, {"start": "00:00:31", "end": "00:00:37", "text": "Bitcoin sneezes, all the altcoins catch"}, {"start": "00:00:34", "end": "00:00:39", "text": "pneumonia as they start to really tumble"}, {"start": "00:00:37", "end": "00:00:40", "text": "farther. Not now, not all of the"}, {"start": "00:00:39", "end": "00:00:42", "text": "altcoins are going to tumble"}, {"start": "00:00:40", "end": "00:00:44", "text": "magnificently as they usually do. But"}, {"start": "00:00:42", "end": "00:00:45", "text": "over the last 24 hours, we can see that"}, {"start": "00:00:44", "end": "00:00:47", "text": "there's some pretty big price changes."}, {"start": "00:00:45", "end": "00:00:51", "text": "And if we take a look at the 7day, it's"}, {"start": "00:00:47", "end": "00:00:54", "text": "even worse. Stellar down 11, rain 15%,"}, {"start": "00:00:51", "end": "00:00:55", "text": "8% for Litecoin, so on and so forth, 13%"}, {"start": "00:00:54", "end": "00:00:58", "text": "for Canton, which we're going to talk"}, {"start": "00:00:55", "end": "00:01:00", "text": "about today. So, what happened? Well, as"}, {"start": "00:00:58", "end": "00:01:02", "text": "we talked about in the NFA live show uh"}, {"start": "00:01:00", "end": "00:01:04", "text": "this week, this is on Thursday morning,"}, {"start": "00:01:02", "end": "00:01:06", "text": "we talked about how CPI and PPI or"}, {"start": "00:01:04", "end": "00:01:09", "text": "consumer price index, producer price"}, {"start": "00:01:06", "end": "00:01:11", "text": "index, core, came in hotter than"}, {"start": "00:01:09", "end": "00:01:13", "text": "expected. And because of that, people"}, {"start": "00:01:11", "end": "00:01:14", "text": "got a little worried in the markets and"}, {"start": "00:01:13", "end": "00:01:16", "text": "they started to sell off a little bit on"}, {"start": "00:01:14", "end": "00:01:18", "text": "Thursday. And then Friday we took a big"}, {"start": "00:01:16", "end": "00:01:20", "text": "bit of a tumble even more so. So over a"}, {"start": "00:01:18", "end": "00:01:21", "text": "day of course today is Saturday so"}, {"start": "00:01:20", "end": "00:01:23", "text": "nothing's open in the traditional"}, {"start": "00:01:21", "end": "00:01:25", "text": "markets but that will change at some"}, {"start": "00:01:23", "end": "00:01:27", "text": "point. We can see that yes over that 24"}, {"start": "00:01:25", "end": "00:01:30", "text": "hours and Friday there was quite of a"}, {"start": "00:01:27", "end": "00:01:32", "text": "reduction over five days again things"}, {"start": "00:01:30", "end": "00:01:34", "text": "are going on one month not too bad but"}, {"start": "00:01:32", "end": "00:01:37", "text": "that's just the S&P 500. We take a look"}, {"start": "00:01:34", "end": "00:01:39", "text": "at the QQQ which is more so towards the"}, {"start": "00:01:37", "end": "00:01:42", "text": "technology sector AI sector. You can see"}, {"start": "00:01:39", "end": "00:01:44", "text": "that that uh actually doubled up than"}, {"start": "00:01:42", "end": "00:01:47", "text": "what the S&P 500 on which a little bit"}, {"start": "00:01:44", "end": "00:01:50", "text": "more uh safer and over 5 days not"}, {"start": "00:01:47", "end": "00:01:53", "text": "looking too good over one month still"}, {"start": "00:01:50", "end": "00:01:55", "text": "down six months okay not too bad but you"}, {"start": "00:01:53", "end": "00:01:57", "text": "can just see that it's the same thing"}, {"start": "00:01:55", "end": "00:02:00", "text": "here there's a little more safety in the"}, {"start": "00:01:57", "end": "00:02:02", "text": "S&P 500 obviously in the tech sector and"}, {"start": "00:02:00", "end": "00:02:07", "text": "AI specifically people have their"}, {"start": "00:02:02", "end": "00:02:08", "text": "worrisome and really it is warranted"}, {"start": "00:02:07", "end": "00:02:10", "text": "because I think at some point there is"}, {"start": "00:02:08", "end": "00:02:14", "text": "going to a big blowoff top. There's"}, {"start": "00:02:10", "end": "00:02:16", "text": "going to be uh a big big big pullback."}, {"start": "00:02:14", "end": "00:02:19", "text": "That's just pretty much how it is. And"}, {"start": "00:02:16", "end": "00:02:22", "text": "there was a a quick interview with"}, {"start": "00:02:19", "end": "00:02:23", "text": "Arthur Hayes and he talks about how AI"}, {"start": "00:02:22", "end": "00:02:25", "text": "is a waste of money. And I think this is"}, {"start": "00:02:23", "end": "00:02:26", "text": "important to understand what he's"}, {"start": "00:02:25", "end": "00:02:29", "text": "talking about here. Even though I"}, {"start": "00:02:26", "end": "00:02:31", "text": "disagree with with the last part, I'm"}, {"start": "00:02:29", "end": "00:02:34", "text": "going to play this, but there is a part"}, {"start": "00:02:31", "end": "00:02:35", "text": "that is 100% correct about the AI"}, {"start": "00:02:34", "end": "00:02:36", "text": "markets and what they're doing. So, just"}, {"start": "00:02:35", "end": "00:02:38", "text": "take a listen to this. about a minute or"}, {"start": "00:02:36", "end": "00:02:40", "text": "so long and uh we'll get back."}, {"start": "00:02:38", "end": "00:02:43", "text": ">> AI is a waste of money and mo in most"}, {"start": "00:02:40", "end": "00:02:47", "text": "cases like Anthropic the uh leak of"}, {"start": "00:02:43", "end": "00:02:49", "text": "their S1 for every $1 of revenue would"}, {"start": "00:02:47", "end": "00:02:51", "text": "cost them $2 of cost. That's a bad"}, {"start": "00:02:49", "end": "00:02:55", "text": "business. So, and if you think about"}, {"start": "00:02:51", "end": "00:02:57", "text": "like the end customer for all of AI, you"}, {"start": "00:02:55", "end": "00:02:59", "text": "know, Western AI is either Anthropic,"}, {"start": "00:02:57", "end": "00:03:01", "text": "Open AI or SpaceX. Not one of those"}, {"start": "00:02:59", "end": "00:03:03", "text": "companies makes money. So the market"}, {"start": "00:03:01", "end": "00:03:05", "text": "says we will not willing to pay you a"}, {"start": "00:03:03", "end": "00:03:06", "text": "price commensurate with the amount of"}, {"start": "00:03:05", "end": "00:03:09", "text": "money it cost you to deliver this"}, {"start": "00:03:06", "end": "00:03:11", "text": "service. Yet these companies continue"}, {"start": "00:03:09", "end": "00:03:12", "text": "right they raise debt they raise equity"}, {"start": "00:03:11", "end": "00:03:15", "text": "they essentially have an implicit"}, {"start": "00:03:12", "end": "00:03:16", "text": "government gu um backs stop from the US"}, {"start": "00:03:15", "end": "00:03:18", "text": "government and that's allowed them to"}, {"start": "00:03:16", "end": "00:03:20", "text": "continue wasting money"}, {"start": "00:03:18", "end": "00:03:22", "text": ">> and so now that pretty pretty much"}, {"start": "00:03:20", "end": "00:03:24", "text": "everyone has recognized this I think"}, {"start": "00:03:22", "end": "00:03:26", "text": "that everyone's training now on how big"}, {"start": "00:03:24", "end": "00:03:26", "text": "is the bailout going to be."}, {"start": "00:03:26", "end": "00:03:28", "text": ">> Yeah."}, {"start": "00:03:26", "end": "00:03:31", "text": ">> Right. And so that's the perfect time"}, {"start": "00:03:28", "end": "00:03:33", "text": "for crypto. This is why the bigger the a"}, {"start": "00:03:31", "end": "00:03:35", "text": "bubble grows, the bigger the bailout"}, {"start": "00:03:33", "end": "00:03:37", "text": "will be, the higher Bitcoin goes. And so"}, {"start": "00:03:35", "end": "00:03:38", "text": "I think we've long passed a point of"}, {"start": "00:03:37", "end": "00:03:40", "text": "everyone recognizing like none of this"}, {"start": "00:03:38", "end": "00:03:41", "text": "makes any money."}, {"start": "00:03:40", "end": "00:03:42", "text": ">> If it did make money, it'd be a"}, {"start": "00:03:41", "end": "00:03:43", "text": "different story. And then I can say,"}, {"start": "00:03:42", "end": "00:03:45", "text": "okay, yes, this is going to suck up"}, {"start": "00:03:43", "end": "00:03:47", "text": "capital because you're making a positive"}, {"start": "00:03:45", "end": "00:03:49", "text": "return on capital to provide these AI"}, {"start": "00:03:47", "end": "00:03:51", "text": "tokens to people. Let's do as much of it"}, {"start": "00:03:49", "end": "00:03:54", "text": "as possible. But that's obviously not"}, {"start": "00:03:51", "end": "00:03:55", "text": "the case. We are wasting money and"}, {"start": "00:03:54", "end": "00:03:58", "text": "Bitcoin is there to show us that we're"}, {"start": "00:03:55", "end": "00:04:00", "text": "wasting money. Okay, so the first part"}, {"start": "00:03:58", "end": "00:04:02", "text": "is true and this is the reason why"}, {"start": "00:04:00", "end": "00:04:04", "text": "Anthropic has come out. This is why Sam"}, {"start": "00:04:02", "end": "00:04:06", "text": "Alman has come out and they've said like"}, {"start": "00:04:04", "end": "00:04:08", "text": "look if the government doesn't step in"}, {"start": "00:04:06", "end": "00:04:10", "text": "and protect us everything's going to be"}, {"start": "00:04:08", "end": "00:04:12", "text": "destroyed by AI. And I think to myself,"}, {"start": "00:04:10", "end": "00:04:14", "text": "aren't you putting out that product? Why"}, {"start": "00:04:12", "end": "00:04:16", "text": "would the government have to step in"}, {"start": "00:04:14", "end": "00:04:18", "text": "because you are putting out a subpar"}, {"start": "00:04:16", "end": "00:04:19", "text": "product that is just too advanced and"}, {"start": "00:04:18", "end": "00:04:22", "text": "you need to take a little bit slower?"}, {"start": "00:04:19", "end": "00:04:23", "text": "But whatever. Okay. So I understand now"}, {"start": "00:04:22", "end": "00:04:25", "text": "why they actually that it's about it's"}, {"start": "00:04:23", "end": "00:04:27", "text": "not so much about they're worried about"}, {"start": "00:04:25", "end": "00:04:28", "text": "the generalization. Maybe they are but"}, {"start": "00:04:27", "end": "00:04:31", "text": "it really comes down to is like protect"}, {"start": "00:04:28", "end": "00:04:35", "text": "us because just like you know Arthur"}, {"start": "00:04:31", "end": "00:04:37", "text": "said here it is true they need to have a"}, {"start": "00:04:35", "end": "00:04:38", "text": "bailout at some point because right now"}, {"start": "00:04:37", "end": "00:04:40", "text": "they are losing money. They're"}, {"start": "00:04:38", "end": "00:04:41", "text": "hemorrhaging money but it is a pretty"}, {"start": "00:04:40", "end": "00:04:43", "text": "good service. So on that part I totally"}, {"start": "00:04:41", "end": "00:04:45", "text": "agree and it makes a lot of sense when"}, {"start": "00:04:43", "end": "00:04:46", "text": "you see these founders come out and say"}, {"start": "00:04:45", "end": "00:04:47", "text": "hey we need protection especially from"}, {"start": "00:04:46", "end": "00:04:49", "text": "the government especially the money that"}, {"start": "00:04:47", "end": "00:04:50", "text": "it produces. But on the flip side of"}, {"start": "00:04:49", "end": "00:04:53", "text": "that where he says, \"Well, this is a"}, {"start": "00:04:50", "end": "00:04:55", "text": "great thing for Bitcoin because the"}, {"start": "00:04:53", "end": "00:04:57", "text": "numbers will go up and this is why it's"}, {"start": "00:04:55", "end": "00:05:01", "text": "going to show us.\" I don't think Bitcoin"}, {"start": "00:04:57", "end": "00:05:03", "text": "is going to do too great in a recession."}, {"start": "00:05:01", "end": "00:05:04", "text": "It uh will probably take a tumble like"}, {"start": "00:05:03", "end": "00:05:06", "text": "traditional markets. And I know people"}, {"start": "00:05:04", "end": "00:05:08", "text": "out there will say, \"But Rob, you"}, {"start": "00:05:06", "end": "00:05:10", "text": "understand because Bitcoin is a hedge"}, {"start": "00:05:08", "end": "00:05:13", "text": "against inflation.\" And Bitcoin was"}, {"start": "00:05:10", "end": "00:05:16", "text": "actually created after the 20078"}, {"start": "00:05:13", "end": "00:05:17", "text": "uh big recession to prepare ourselves"}, {"start": "00:05:16", "end": "00:05:19", "text": "against these huge banks that were"}, {"start": "00:05:17", "end": "00:05:21", "text": "failing. And just like you talked about"}, {"start": "00:05:19", "end": "00:05:24", "text": "too big to fail, that's exactly what"}, {"start": "00:05:21", "end": "00:05:25", "text": "Bitcoin was was made for. At this point,"}, {"start": "00:05:24", "end": "00:05:27", "text": "I believe in Bitcoin. You believe in"}, {"start": "00:05:25", "end": "00:05:31", "text": "Bitcoin, but the masses that are out"}, {"start": "00:05:27", "end": "00:05:34", "text": "there don't see Bitcoin as a riskoff"}, {"start": "00:05:31", "end": "00:05:37", "text": "asset yet. And altcoins are even worse."}, {"start": "00:05:34", "end": "00:05:39", "text": "So, as he talks about this, I just don't"}, {"start": "00:05:37", "end": "00:05:42", "text": "see that as the market, the traditional"}, {"start": "00:05:39", "end": "00:05:43", "text": "markets crash that Bitcoin will start to"}, {"start": "00:05:42", "end": "00:05:46", "text": "absorb all of that. I think people will"}, {"start": "00:05:43", "end": "00:05:48", "text": "get into treasuries, into more safer"}, {"start": "00:05:46", "end": "00:05:50", "text": "things because they just don't trust it."}, {"start": "00:05:48", "end": "00:05:52", "text": "And uh that's how I see things. Now, let"}, {"start": "00:05:50", "end": "00:05:53", "text": "me know what you think about that in the"}, {"start": "00:05:52", "end": "00:05:55", "text": "comments section, but it is a good point"}, {"start": "00:05:53", "end": "00:05:57", "text": "that he brings up. So, I can see it"}, {"start": "00:05:55", "end": "00:06:00", "text": "definitely especially for the AI parts,"}, {"start": "00:05:57", "end": "00:06:02", "text": "but for every negative, maybe there's a"}, {"start": "00:06:00", "end": "00:06:05", "text": "positive side because we have to give"}, {"start": "00:06:02", "end": "00:06:07", "text": "both sides correctly. Let's take a look."}, {"start": "00:06:05", "end": "00:06:09", "text": "This was from the CNBC and this is JP"}, {"start": "00:06:07", "end": "00:06:10", "text": "Morgan, Steven Parker, and he talks"}, {"start": "00:06:09", "end": "00:06:13", "text": "about how there's actually a very"}, {"start": "00:06:10", "end": "00:06:15", "text": "healthy stage and AI is doing just well"}, {"start": "00:06:13", "end": "00:06:16", "text": "as far as their story and how JP Morgan"}, {"start": "00:06:15", "end": "00:06:19", "text": "sees us. Take a listen to this."}, {"start": "00:06:16", "end": "00:06:21", "text": ">> We're entering a very healthy stage in"}, {"start": "00:06:19", "end": "00:06:22", "text": "this next chapter of the AI story,"}, {"start": "00:06:21", "end": "00:06:24", "text": "right? For a long time, it was the"}, {"start": "00:06:22", "end": "00:06:25", "text": "rising tide lifts all boats. It didn't"}, {"start": "00:06:24", "end": "00:06:27", "text": "matter, you know, how quality of a"}, {"start": "00:06:25", "end": "00:06:29", "text": "company it was. It didn't matter the the"}, {"start": "00:06:27", "end": "00:06:30", "text": "return. Now, investors are getting more"}, {"start": "00:06:29", "end": "00:06:32", "text": "selective. And I think what you're"}, {"start": "00:06:30", "end": "00:06:34", "text": "seeing is a little bit of weakness in"}, {"start": "00:06:32", "end": "00:06:36", "text": "the more speculative parts of the the AI"}, {"start": "00:06:34", "end": "00:06:37", "text": "infrastructure. And ultimately, I think"}, {"start": "00:06:36", "end": "00:06:39", "text": "that's a healthy thing. What's"}, {"start": "00:06:37", "end": "00:06:41", "text": "important, we still think that the the"}, {"start": "00:06:39", "end": "00:06:44", "text": "capex boom that's causing this uh AI"}, {"start": "00:06:41", "end": "00:06:45", "text": "earning super cycle is still very well"}, {"start": "00:06:44", "end": "00:06:46", "text": "supported and is going to continue to"}, {"start": "00:06:45", "end": "00:06:49", "text": "play out."}, {"start": "00:06:46", "end": "00:06:51", "text": ">> Okay. My favorite word, super cycle. So,"}, {"start": "00:06:49", "end": "00:06:54", "text": "I leave it up to you to decide where"}, {"start": "00:06:51", "end": "00:06:57", "text": "things are going, but um we'll see. AI,"}, {"start": "00:06:54", "end": "00:06:59", "text": "I think, is a a massive step forward for"}, {"start": "00:06:57", "end": "00:07:01", "text": "technology. I don't believe it'll wipe"}, {"start": "00:06:59", "end": "00:07:02", "text": "out every single job out there. I think"}, {"start": "00:07:01", "end": "00:07:04", "text": "there'll be some hardships, but I think"}, {"start": "00:07:02", "end": "00:07:07", "text": "the ones that actually accept it, use"}, {"start": "00:07:04", "end": "00:07:09", "text": "it, and are able to cultivate and put"}, {"start": "00:07:07", "end": "00:07:11", "text": "that in for their employees will make"}, {"start": "00:07:09", "end": "00:07:12", "text": "their businesses grow even bigger."}, {"start": "00:07:11", "end": "00:07:14", "text": "Anyhow, let me know what you think about"}, {"start": "00:07:12", "end": "00:07:17", "text": "that in the comments section. That'll"}, {"start": "00:07:14", "end": "00:07:19", "text": "take care of like the broad spoke scope"}, {"start": "00:07:17", "end": "00:07:23", "text": "of things. Let's break down to the"}, {"start": "00:07:19", "end": "00:07:25", "text": "thesis. And my thesis is pretty simple."}, {"start": "00:07:23", "end": "00:07:27", "text": "I think you guys share it with me which"}, {"start": "00:07:25", "end": "00:07:29", "text": "is I think the next big play for digital"}, {"start": "00:07:27", "end": "00:07:32", "text": "assets in crypto especially for the"}, {"start": "00:07:29", "end": "00:07:33", "text": "narrative is going to be payments. It's"}, {"start": "00:07:32", "end": "00:07:36", "text": "going to be tokenization of real world"}, {"start": "00:07:33", "end": "00:07:39", "text": "assets and also AI agent payments. But"}, {"start": "00:07:36", "end": "00:07:41", "text": "the tokenization part is always a good"}, {"start": "00:07:39", "end": "00:07:43", "text": "one to wrap your head around. And this"}, {"start": "00:07:41", "end": "00:07:48", "text": "is Franklin Templeton. Uh this is head"}, {"start": "00:07:43", "end": "00:07:52", "text": "of Franklin Crypto Templeton. Uh"}, {"start": "00:07:48", "end": "00:07:52", "text": "Johnny Hold on."}, {"start": "00:07:54", "end": "00:07:57", "text": "Well, he's right here, Christopher"}, {"start": "00:07:55", "end": "00:08:00", "text": "Perkins, and he sits down and talks"}, {"start": "00:07:57", "end": "00:08:02", "text": "about tokenization of real world assets,"}, {"start": "00:08:00", "end": "00:08:04", "text": "and it does make a lot of sense into how"}, {"start": "00:08:02", "end": "00:08:06", "text": "it can expedite things. I think this is"}, {"start": "00:08:04", "end": "00:08:07", "text": "where people are missing the points."}, {"start": "00:08:06", "end": "00:08:08", "text": "Take a listen to this. Franklin"}, {"start": "00:08:07", "end": "00:08:11", "text": "Templeton,"}, {"start": "00:08:08", "end": "00:08:13", "text": ">> in traditional markets, we have to hold"}, {"start": "00:08:11", "end": "00:08:16", "text": "on to a lot of collateral. you know, in"}, {"start": "00:08:13", "end": "00:08:18", "text": "derivatives like seven days of"}, {"start": "00:08:16", "end": "00:08:20", "text": "collateral or 10 days of collateral"}, {"start": "00:08:18", "end": "00:08:22", "text": "depending on the on the type of"}, {"start": "00:08:20", "end": "00:08:24", "text": "derivative. Why? Because you have to"}, {"start": "00:08:22", "end": "00:08:26", "text": "reserve at least three days for long"}, {"start": "00:08:24", "end": "00:08:27", "text": "weekends because the markets are closed."}, {"start": "00:08:26", "end": "00:08:29", "text": "You don't know what happens over the"}, {"start": "00:08:27", "end": "00:08:31", "text": "weekends. And lately, what have we seen"}, {"start": "00:08:29", "end": "00:08:33", "text": "with markets? Weekends are crazy. That's"}, {"start": "00:08:31", "end": "00:08:35", "text": "when the geopolitics happen, right? So,"}, {"start": "00:08:33", "end": "00:08:37", "text": "you have to like figure in the error how"}, {"start": "00:08:35", "end": "00:08:38", "text": "how much I I I have a three-day weekend"}, {"start": "00:08:37", "end": "00:08:40", "text": "coming up. I have the whole three days"}, {"start": "00:08:38", "end": "00:08:43", "text": "because the markets are closed. By"}, {"start": "00:08:40", "end": "00:08:44", "text": "leveraging the power of tokenization,"}, {"start": "00:08:43", "end": "00:08:48", "text": "you can start settling in more real"}, {"start": "00:08:44", "end": "00:08:49", "text": "time, bringing that three days down to"}, {"start": "00:08:48", "end": "00:08:52", "text": "hours or seconds or whatever you want to"}, {"start": "00:08:49", "end": "00:08:54", "text": "do. And so now you're actually able to"}, {"start": "00:08:52", "end": "00:08:56", "text": "again lower the margin while lowering"}, {"start": "00:08:54", "end": "00:08:59", "text": "the risk that is like that never"}, {"start": "00:08:56", "end": "00:09:01", "text": "happens. And that's what things like"}, {"start": "00:08:59", "end": "00:09:02", "text": "tokenized assets, tokenized money"}, {"start": "00:09:01", "end": "00:09:04", "text": "markets can do,"}, {"start": "00:09:02", "end": "00:09:06", "text": ">> right? Lower the margin, lower the risk."}, {"start": "00:09:04", "end": "00:09:08", "text": "I just don't see why we can't get that"}, {"start": "00:09:06", "end": "00:09:10", "text": "moving forward. One of the problems, of"}, {"start": "00:09:08", "end": "00:09:11", "text": "course, is we don't have correct"}, {"start": "00:09:10", "end": "00:09:14", "text": "legislation moving forward. That was"}, {"start": "00:09:11", "end": "00:09:16", "text": "what clarity was supposed to do. But"}, {"start": "00:09:14", "end": "00:09:17", "text": "hopefully the CFTC and the SEC and the"}, {"start": "00:09:16", "end": "00:09:19", "text": "OC can step in, which they've already"}, {"start": "00:09:17", "end": "00:09:21", "text": "done and really give us some clear"}, {"start": "00:09:19", "end": "00:09:23", "text": "guidance as to where that is. But"}, {"start": "00:09:21", "end": "00:09:24", "text": "regardless, business are going to build"}, {"start": "00:09:23", "end": "00:09:26", "text": "on them. They're going to take advantage"}, {"start": "00:09:24", "end": "00:09:28", "text": "of it. And this is where in innovation"}, {"start": "00:09:26", "end": "00:09:30", "text": "comes from. So Franklin Templeton is on"}, {"start": "00:09:28", "end": "00:09:32", "text": "board. Makes a lot of sense. And then"}, {"start": "00:09:30", "end": "00:09:36", "text": "also, and we talked about this two or"}, {"start": "00:09:32", "end": "00:09:39", "text": "three weeks ago, Canton and DTCC, this"}, {"start": "00:09:36", "end": "00:09:41", "text": "is a little update. DTCC today released"}, {"start": "00:09:39", "end": "00:09:44", "text": "new details of its tokenization service,"}, {"start": "00:09:41", "end": "00:09:47", "text": "outlining approximately $30 trillion in"}, {"start": "00:09:44", "end": "00:09:49", "text": "assets available for tokenization. Now,"}, {"start": "00:09:47", "end": "00:09:51", "text": "let me be frank with everybody real"}, {"start": "00:09:49", "end": "00:09:53", "text": "quick."}, {"start": "00:09:51", "end": "00:09:55", "text": "All 30 trillion isn't coming on. Okay?"}, {"start": "00:09:53", "end": "00:09:57", "text": "So, when people say those numbers, it"}, {"start": "00:09:55", "end": "00:09:58", "text": "sounds great. It sounds awesome, but"}, {"start": "00:09:57", "end": "00:10:00", "text": "you're not getting 30 trillion. you're"}, {"start": "00:09:58", "end": "00:10:02", "text": "going to it's going to start slow and"}, {"start": "00:10:00", "end": "00:10:04", "text": "it's going to ramp up and then maybe"}, {"start": "00:10:02", "end": "00:10:06", "text": "we'll get to a good healthy percentage"}, {"start": "00:10:04", "end": "00:10:08", "text": "of that but 30 trillion isn't coming on"}, {"start": "00:10:06", "end": "00:10:09", "text": "all at once. They are not here to lose a"}, {"start": "00:10:08", "end": "00:10:11", "text": "step in the right direction. So I just"}, {"start": "00:10:09", "end": "00:10:13", "text": "want to make sure everybody knows that"}, {"start": "00:10:11", "end": "00:10:14", "text": "if they're like wow 30 trillion bucks I"}, {"start": "00:10:13", "end": "00:10:18", "text": "got to put my entire life savings into"}, {"start": "00:10:14", "end": "00:10:20", "text": "this just easy. Anyhow, Canton Network"}, {"start": "00:10:18", "end": "00:10:24", "text": "and DTCC's private hyperledger network"}, {"start": "00:10:20", "end": "00:10:27", "text": "are designed for launch with Stellar"}, {"start": "00:10:24", "end": "00:10:30", "text": "and Circle's Arc. Circle also does USDC"}, {"start": "00:10:27", "end": "00:10:33", "text": "stable coins anticipated in 2027."}, {"start": "00:10:30", "end": "00:10:37", "text": "Service supports 25 securities across US"}, {"start": "00:10:33", "end": "00:10:41", "text": "equities, ETFs, and treasuries backed"}, {"start": "00:10:37", "end": "00:10:42", "text": "one to one by assets held at DTC."}, {"start": "00:10:41", "end": "00:10:44", "text": "I got to tell you right now, they're"}, {"start": "00:10:42", "end": "00:10:46", "text": "doing better than banks. Tokenized"}, {"start": "00:10:44", "end": "00:10:48", "text": "securities will retain their existing CU"}, {"start": "00:10:46", "end": "00:10:50", "text": "SIPs rights and investor protections"}, {"start": "00:10:48", "end": "00:10:53", "text": "while enabling 247 peer-to-peer"}, {"start": "00:10:50", "end": "00:10:55", "text": "transfers between registered wallets on"}, {"start": "00:10:53", "end": "00:10:58", "text": "the same blockchain. So that was a story"}, {"start": "00:10:55", "end": "00:11:00", "text": "we covered roughly three weeks ago and"}, {"start": "00:10:58", "end": "00:11:02", "text": "it's kind of like one of those buy the"}, {"start": "00:11:00", "end": "00:11:04", "text": "rumor sell the news type of things and"}, {"start": "00:11:02", "end": "00:11:06", "text": "it did. Now as a reminder what they were"}, {"start": "00:11:04", "end": "00:11:08", "text": "talking about this DTCC premier it's a"}, {"start": "00:11:06", "end": "00:11:10", "text": "premier post trade market infrastructure"}, {"start": "00:11:08", "end": "00:11:13", "text": "and that's a real number. It's four"}, {"start": "00:11:10", "end": "00:11:15", "text": "quadrillion 728 trillion. This is the"}, {"start": "00:11:13", "end": "00:11:19", "text": "total value of transactions processed by"}, {"start": "00:11:15", "end": "00:11:21", "text": "DTCC in 2025. Again you're not getting"}, {"start": "00:11:19", "end": "00:11:24", "text": "four quadrillion on one chain. It's just"}, {"start": "00:11:21", "end": "00:11:25", "text": "this is just what it is. And this was uh"}, {"start": "00:11:24", "end": "00:11:27", "text": "the story. It's going to be more than 30"}, {"start": "00:11:25", "end": "00:11:29", "text": "firms which it looks like they've"}, {"start": "00:11:27", "end": "00:11:31", "text": "launched. This is going to be on Canton"}, {"start": "00:11:29", "end": "00:11:33", "text": "and everybody's excited and of course"}, {"start": "00:11:31", "end": "00:11:37", "text": "did pretty well. However, how's Canton"}, {"start": "00:11:33", "end": "00:11:41", "text": "doing today? Not too bad. 24 hours it's"}, {"start": "00:11:37", "end": "00:11:44", "text": "at 10 cents but uh over 7 days not too"}, {"start": "00:11:41", "end": "00:11:48", "text": "good. You're looking at down 12% over 30"}, {"start": "00:11:44", "end": "00:11:50", "text": "days 4%. It's pretty good. three months"}, {"start": "00:11:48", "end": "00:11:54", "text": "down 19%,"}, {"start": "00:11:50", "end": "00:11:55", "text": "one year down 23%."}, {"start": "00:11:54", "end": "00:11:59", "text": "But the maximum, and you have to"}, {"start": "00:11:55", "end": "00:12:02", "text": "remember, Canton's a fairly new"}, {"start": "00:11:59", "end": "00:12:04", "text": "project. It was just released uh pretty"}, {"start": "00:12:02", "end": "00:12:07", "text": "much towards the uh all-time tippity top"}, {"start": "00:12:04", "end": "00:12:09", "text": "of uh the last cycle around November"}, {"start": "00:12:07", "end": "00:12:12", "text": "9th, 2025. And roughly a month"}, {"start": "00:12:09", "end": "00:12:15", "text": "previously was when we topped out at"}, {"start": "00:12:12", "end": "00:12:17", "text": "Bitcoin on November 6, 2025 at $126,000"}, {"start": "00:12:15", "end": "00:12:19", "text": "somewhere around there. So, their timing"}, {"start": "00:12:17", "end": "00:12:21", "text": "couldn't have been worse, but you were"}, {"start": "00:12:19", "end": "00:12:23", "text": "able to buy low and we'll see how it all"}, {"start": "00:12:21", "end": "00:12:26", "text": "works out. But right now, it's it"}, {"start": "00:12:23", "end": "00:12:29", "text": "launched at uh what 13 12 13 cents."}, {"start": "00:12:26", "end": "00:12:31", "text": "Today, it's roughly 10 11 cents. Not too"}, {"start": "00:12:29", "end": "00:12:34", "text": "bad. But again, not where we want to be,"}, {"start": "00:12:31", "end": "00:12:38", "text": "but we'll see. But on top of that,"}, {"start": "00:12:34", "end": "00:12:40", "text": "Anton, and again, I always"}, {"start": "00:12:38", "end": "00:12:41", "text": "Bitcoin's a very safe play. We all know"}, {"start": "00:12:40", "end": "00:12:43", "text": "that. I think a lot of us put a lot into"}, {"start": "00:12:41", "end": "00:12:46", "text": "it. But we're always taking a look for"}, {"start": "00:12:43", "end": "00:12:49", "text": "the winners. And I got to tell you, I"}, {"start": "00:12:46", "end": "00:12:52", "text": "just I liked near before and I had some"}, {"start": "00:12:49", "end": "00:12:54", "text": "and I sold it. Had a good uh real estate"}, {"start": "00:12:52", "end": "00:12:56", "text": "opportunity. Had to take it. So, you"}, {"start": "00:12:54", "end": "00:12:58", "text": "know, you take your profits. But I got"}, {"start": "00:12:56", "end": "00:13:00", "text": "to tell you, Ner can do some pretty good"}, {"start": "00:12:58", "end": "00:13:03", "text": "things. This is Matt Hogan. He's a chief"}, {"start": "00:13:00", "end": "00:13:04", "text": "investment officer at Bitwise. And he"}, {"start": "00:13:03", "end": "00:13:06", "text": "states, \"Uh, I study a lot of crypto"}, {"start": "00:13:04", "end": "00:13:08", "text": "projects. Many sound great on the"}, {"start": "00:13:06", "end": "00:13:11", "text": "surface and get less interesting the"}, {"start": "00:13:08", "end": "00:13:13", "text": "deeper you dig. Near is the opposite.\""}, {"start": "00:13:11", "end": "00:13:16", "text": "I'm not going to go over all this stuff."}, {"start": "00:13:13", "end": "00:13:18", "text": "I linked in the description an article"}, {"start": "00:13:16", "end": "00:13:19", "text": "which lists everything that near is"}, {"start": "00:13:18", "end": "00:13:22", "text": "essentially doing. But there is one"}, {"start": "00:13:19", "end": "00:13:25", "text": "interesting thing about Bitwise. First"}, {"start": "00:13:22", "end": "00:13:27", "text": "of all, they have an ETP or ETF with"}, {"start": "00:13:25", "end": "00:13:30", "text": "near. They just rolled this out a couple"}, {"start": "00:13:27", "end": "00:13:34", "text": "weeks ago or so. So, of course, Matt's a"}, {"start": "00:13:30", "end": "00:13:35", "text": "little bit skewed towards Near, but I"}, {"start": "00:13:34", "end": "00:13:37", "text": "found it interesting to take a look at"}, {"start": "00:13:35", "end": "00:13:40", "text": "Bitwise and what they have launched."}, {"start": "00:13:37", "end": "00:13:42", "text": "They don't launch losers. They aren't"}, {"start": "00:13:40", "end": "00:13:46", "text": "launching."}, {"start": "00:13:42", "end": "00:13:48", "text": "I don't know. Pick pick pick your pick"}, {"start": "00:13:46", "end": "00:13:51", "text": "your your altcoin that hasn't done so"}, {"start": "00:13:48", "end": "00:13:52", "text": "well. There's about 10 bajillion of"}, {"start": "00:13:51", "end": "00:13:54", "text": "them."}, {"start": "00:13:52", "end": "00:13:56", "text": "They're pretty safe and they launched"}, {"start": "00:13:54", "end": "00:13:58", "text": "some pretty good stuff. They've got"}, {"start": "00:13:56", "end": "00:14:01", "text": "first well we'll start with number two."}, {"start": "00:13:58", "end": "00:14:04", "text": "Bitwise Bitcoin ETF, Ethereum ETF,"}, {"start": "00:14:01", "end": "00:14:08", "text": "Solana staking ETF, Hyperlquid ETF. That"}, {"start": "00:14:04", "end": "00:14:10", "text": "was a good one. XRP ETF, Chainlink ETF,"}, {"start": "00:14:08", "end": "00:14:12", "text": "Avalanche ETF, Near ETF, and for some"}, {"start": "00:14:10", "end": "00:14:13", "text": "reason, Dogecoin. I can't figure that"}, {"start": "00:14:12", "end": "00:14:15", "text": "one out. Someone's gonna have to help me"}, {"start": "00:14:13", "end": "00:14:19", "text": "with that one. But you have those. How"}, {"start": "00:14:15", "end": "00:14:21", "text": "many of you don't own any of those in"}, {"start": "00:14:19", "end": "00:14:25", "text": "your portfolio? I would be hardressed to"}, {"start": "00:14:21", "end": "00:14:27", "text": "find more than 1% of my audience say,"}, {"start": "00:14:25", "end": "00:14:29", "text": "\"No, I don't have any of those.\" They've"}, {"start": "00:14:27", "end": "00:14:32", "text": "also got these things called there's two"}, {"start": "00:14:29", "end": "00:14:34", "text": "of them. Bitwise 10 crypto index ETF."}, {"start": "00:14:32", "end": "00:14:37", "text": "Here's some more winners. Bitcoin,"}, {"start": "00:14:34", "end": "00:14:39", "text": "Ethereum, XRP, Salana, Zcash. That was a"}, {"start": "00:14:37", "end": "00:14:42", "text": "pretty good one. I'll admit I missed"}, {"start": "00:14:39", "end": "00:14:43", "text": "that one, too. Hyperlquid, Chainlink,"}, {"start": "00:14:42", "end": "00:14:46", "text": "Cardanzo,"}, {"start": "00:14:43", "end": "00:14:49", "text": "Stellar, and Uniswap. Those are some"}, {"start": "00:14:46", "end": "00:14:52", "text": "winning teams right there. So, I can see"}, {"start": "00:14:49", "end": "00:14:55", "text": "that. And then also, they have this uh"}, {"start": "00:14:52", "end": "00:14:57", "text": "other one called Bitwise Crypto Industry"}, {"start": "00:14:55", "end": "00:14:58", "text": "Innovators."}, {"start": "00:14:57", "end": "00:15:01", "text": "One right down here. I was like, what"}, {"start": "00:14:58", "end": "00:15:03", "text": "the heck is that? Again, some pretty g"}, {"start": "00:15:01", "end": "00:15:07", "text": "big winners recently. strategy,"}, {"start": "00:15:03", "end": "00:15:10", "text": "Coinbase, Circle, USDC, stable coins,"}, {"start": "00:15:07", "end": "00:15:13", "text": "Bitmine, Securitize Figure, Hyperliquid"}, {"start": "00:15:10", "end": "00:15:15", "text": "Strategies, Hut 8, Mara, and CleanSpark"}, {"start": "00:15:13", "end": "00:15:17", "text": "for Bitcoin mining operations to round"}, {"start": "00:15:15", "end": "00:15:19", "text": "it all out and the ones that actually"}, {"start": "00:15:17", "end": "00:15:22", "text": "pivoted to AI. So again, Bitwise picks"}, {"start": "00:15:19", "end": "00:15:24", "text": "some good ones. I'm just telling you,"}, {"start": "00:15:22", "end": "00:15:26", "text": "maybe take a look at the the people that"}, {"start": "00:15:24", "end": "00:15:28", "text": "do a boatload of research. Maybe those"}, {"start": "00:15:26", "end": "00:15:30", "text": "are the ones. Now, to say that, you"}, {"start": "00:15:28", "end": "00:15:32", "text": "know, you should go all in on is full"}, {"start": "00:15:30", "end": "00:15:34", "text": "hearty. They could collapse like"}, {"start": "00:15:32", "end": "00:15:36", "text": "everything else, but things are looking"}, {"start": "00:15:34", "end": "00:15:40", "text": "pretty good. And one of the things is,"}, {"start": "00:15:36", "end": "00:15:42", "text": "well, there's two things. First of all,"}, {"start": "00:15:40", "end": "00:15:45", "text": "near"}, {"start": "00:15:42", "end": "00:15:48", "text": "remember this term called bunker mode."}, {"start": "00:15:45", "end": "00:15:50", "text": "It was uh"}, {"start": "00:15:48", "end": "00:15:51", "text": "one of the research assistants or head"}, {"start": "00:15:50", "end": "00:15:53", "text": "research of Ethereum, I think it was,"}, {"start": "00:15:51", "end": "00:15:55", "text": "that laid this out. correct me in the"}, {"start": "00:15:53", "end": "00:15:57", "text": "comments, but they talked about bunker"}, {"start": "00:15:55", "end": "00:16:00", "text": "mode because Bitcoin was going to need"}, {"start": "00:15:57", "end": "00:16:01", "text": "it because all the different all the"}, {"start": "00:16:00", "end": "00:16:04", "text": "public addresses that are available with"}, {"start": "00:16:01", "end": "00:16:07", "text": "AI, you can use that public address and"}, {"start": "00:16:04", "end": "00:16:08", "text": "wind yourself into the private address"}, {"start": "00:16:07", "end": "00:16:11", "text": "and take over the keys. That's the whole"}, {"start": "00:16:08", "end": "00:16:12", "text": "thesis and people are flipping out about"}, {"start": "00:16:11", "end": "00:16:15", "text": "that. But again, like I've said, if it"}, {"start": "00:16:12", "end": "00:16:18", "text": "was an issue caused by people, it can be"}, {"start": "00:16:15", "end": "00:16:20", "text": "fixed by people. But what this interview"}, {"start": "00:16:18", "end": "00:16:22", "text": "was, and I'm not going to play it, I'll"}, {"start": "00:16:20", "end": "00:16:26", "text": "link in the description. Near did not"}, {"start": "00:16:22", "end": "00:16:30", "text": "need bunker mode and has had postquantum"}, {"start": "00:16:26", "end": "00:16:32", "text": "account keys on mainnet since July 20th."}, {"start": "00:16:30", "end": "00:16:34", "text": "And here is the founder Ilia and he says"}, {"start": "00:16:32", "end": "00:16:38", "text": "we designed near with quantum in mind in"}, {"start": "00:16:34", "end": "00:16:40", "text": "2018. This guy has been on top of it for"}, {"start": "00:16:38", "end": "00:16:42", "text": "quite some time. And I want you to"}, {"start": "00:16:40", "end": "00:16:44", "text": "listen to this because we talk about"}, {"start": "00:16:42", "end": "00:16:47", "text": "privacy. That's the whole reason why"}, {"start": "00:16:44", "end": "00:16:49", "text": "Zcash went up like crazy, right? And"}, {"start": "00:16:47", "end": "00:16:51", "text": "there's also why midnight has also gone"}, {"start": "00:16:49", "end": "00:16:53", "text": "up like crazy because of privacy. Take a"}, {"start": "00:16:51", "end": "00:16:54", "text": "listen to this first minute. This is"}, {"start": "00:16:53", "end": "00:16:57", "text": "Zilia Plushkin. I think I said that"}, {"start": "00:16:54", "end": "00:16:59", "text": "right as he talks about postquantum on"}, {"start": "00:16:57", "end": "00:17:02", "text": "the near protocol."}, {"start": "00:16:59", "end": "00:17:04", "text": "Wanted to talk about privacy and"}, {"start": "00:17:02", "end": "00:17:06", "text": "postquantum uh and what we're doing on"}, {"start": "00:17:04", "end": "00:17:09", "text": "near."}, {"start": "00:17:06", "end": "00:17:11", "text": "So I kind of used this slide uh"}, {"start": "00:17:09", "end": "00:17:13", "text": "yesterday token. I'm telling this the"}, {"start": "00:17:11", "end": "00:17:17", "text": "catch-up cycle you know uh everything"}, {"start": "00:17:13", "end": "00:17:19", "text": "that was like working before like Zcash"}, {"start": "00:17:17", "end": "00:17:21", "text": "near you know starting to actually like"}, {"start": "00:17:19", "end": "00:17:24", "text": "pick up and get usage get adoption"}, {"start": "00:17:21", "end": "00:17:26", "text": "because kind of the ideas were there but"}, {"start": "00:17:24", "end": "00:17:28", "text": "they weren't there yet for the market"}, {"start": "00:17:26", "end": "00:17:30", "text": "and the market now is catching up but"}, {"start": "00:17:28", "end": "00:17:32", "text": "for specifically right we went from"}, {"start": "00:17:30", "end": "00:17:34", "text": "being a sharded layer one right"}, {"start": "00:17:32", "end": "00:17:36", "text": "something that we were building like how"}, {"start": "00:17:34", "end": "00:17:39", "text": "to build an easy blockchain to now being"}, {"start": "00:17:36", "end": "00:17:42", "text": "a fully integrated privacy stack across"}, {"start": "00:17:39", "end": "00:17:44", "text": "AI across blockchain really kind of"}, {"start": "00:17:42", "end": "00:17:46", "text": "connecting liquidity across different uh"}, {"start": "00:17:44", "end": "00:17:48", "text": "ecosystems as well."}, {"start": "00:17:46", "end": "00:17:50", "text": ">> Well, I like that especially ecosystems,"}, {"start": "00:17:48", "end": "00:17:52", "text": "especially payments, especially AI and"}, {"start": "00:17:50", "end": "00:17:54", "text": "such that he's talking about. So, I"}, {"start": "00:17:52", "end": "00:17:56", "text": "linked this article. It's long, but it's"}, {"start": "00:17:54", "end": "00:17:57", "text": "good to talk about all the things that"}, {"start": "00:17:56", "end": "00:17:59", "text": "Near is actually doing. And I got to"}, {"start": "00:17:57", "end": "00:18:01", "text": "tell you, there's some things that I"}, {"start": "00:17:59", "end": "00:18:04", "text": "just passed right over me. And another"}, {"start": "00:18:01", "end": "00:18:06", "text": "weird thing that I saw was this. As far"}, {"start": "00:18:04", "end": "00:18:10", "text": "as like privacy for the near protocol,"}, {"start": "00:18:06", "end": "00:18:11", "text": "your Solana can earn yield in a dozen"}, {"start": "00:18:10", "end": "00:18:14", "text": "places, all of them public until now"}, {"start": "00:18:11", "end": "00:18:16", "text": "live on near.com. Solana yield from a"}, {"start": "00:18:14", "end": "00:18:18", "text": "confidential account. The vault gets"}, {"start": "00:18:16", "end": "00:18:21", "text": "your deposit. It never gets your"}, {"start": "00:18:18", "end": "00:18:23", "text": "addresses. No lockup, swaps, or sends."}, {"start": "00:18:21", "end": "00:18:24", "text": "And I was like, that's pretty good"}, {"start": "00:18:23", "end": "00:18:26", "text": "because we keep hearing about these"}, {"start": "00:18:24", "end": "00:18:28", "text": "wrench attacks because all these"}, {"start": "00:18:26", "end": "00:18:30", "text": "different thugs get our information,"}, {"start": "00:18:28", "end": "00:18:32", "text": "especially as they know which wallets"}, {"start": "00:18:30", "end": "00:18:34", "text": "have how much crypto in it. Imagine if"}, {"start": "00:18:32", "end": "00:18:38", "text": "you could be keep that confidential."}, {"start": "00:18:34", "end": "00:18:42", "text": "So I took a look at I said man Salana"}, {"start": "00:18:38", "end": "00:18:46", "text": "and near and my thesis is this also"}, {"start": "00:18:42", "end": "00:18:48", "text": "just like how you saw with Facebook as"}, {"start": "00:18:46", "end": "00:18:50", "text": "they became this big conglomerate they"}, {"start": "00:18:48", "end": "00:18:51", "text": "just started to absorb other companies"}, {"start": "00:18:50", "end": "00:18:53", "text": "because they're like you know what we"}, {"start": "00:18:51", "end": "00:18:55", "text": "don't want to build this we'll just buy"}, {"start": "00:18:53", "end": "00:18:58", "text": "you Amazon does the exact same thing"}, {"start": "00:18:55", "end": "00:18:59", "text": "we're not going to do that I started to"}, {"start": "00:18:58", "end": "00:19:00", "text": "think about this and we've been talking"}, {"start": "00:18:59", "end": "00:19:02", "text": "this for for quite some time for years"}, {"start": "00:19:00", "end": "00:19:04", "text": "now is that I think that the next big"}, {"start": "00:19:02", "end": "00:19:07", "text": "play for crypto"}, {"start": "00:19:04", "end": "00:19:10", "text": "will be"}, {"start": "00:19:07", "end": "00:19:14", "text": "the grouping of these different projects"}, {"start": "00:19:10", "end": "00:19:17", "text": "that will come together and they will be"}, {"start": "00:19:14", "end": "00:19:19", "text": "like a like a super project. So all the"}, {"start": "00:19:17", "end": "00:19:20", "text": "10,000 cryptos that are out there,"}, {"start": "00:19:19", "end": "00:19:22", "text": "they'll just die because they suck"}, {"start": "00:19:20", "end": "00:19:24", "text": "anyhow. And then you have all those"}, {"start": "00:19:22", "end": "00:19:27", "text": "developers and all those people looking"}, {"start": "00:19:24", "end": "00:19:32", "text": "like where can I go? Oh, well, there's a"}, {"start": "00:19:27", "end": "00:19:34", "text": "big grouping or merger or acquisition of"}, {"start": "00:19:32", "end": "00:19:36", "text": "uh brains into specific projects. Maybe"}, {"start": "00:19:34", "end": "00:19:38", "text": "I'll go there. And when I when I would"}, {"start": "00:19:36", "end": "00:19:41", "text": "see stuff like that, I'd say, \"This is"}, {"start": "00:19:38", "end": "00:19:45", "text": "pretty big. I'll check this out.\""}, {"start": "00:19:41", "end": "00:19:47", "text": "Helas, CEO Mert Montage joins the Near"}, {"start": "00:19:45", "end": "00:19:50", "text": "Foundation Council. If you don't know"}, {"start": "00:19:47", "end": "00:19:53", "text": "Mert, he's all over X. Sometimes he's"}, {"start": "00:19:50", "end": "00:19:56", "text": "annoying, sometimes he's funny. But uh"}, {"start": "00:19:53", "end": "00:19:58", "text": "yeah, this is uh going down. And since"}, {"start": "00:19:56", "end": "00:20:00", "text": "he was mostly on Solana, I found it"}, {"start": "00:19:58", "end": "00:20:02", "text": "interesting that now he's on Near."}, {"start": "00:20:00", "end": "00:20:03", "text": "Salana infrastructure leader and privacy"}, {"start": "00:20:02", "end": "00:20:05", "text": "advocate joins near Foundation's"}, {"start": "00:20:03", "end": "00:20:09", "text": "governing body to help bring privacy to"}, {"start": "00:20:05", "end": "00:20:10", "text": "onchain markets in near at Helios. Smart"}, {"start": "00:20:09", "end": "00:20:12", "text": "leads and will continue to lead the"}, {"start": "00:20:10", "end": "00:20:14", "text": "buildout of the infrastructure that"}, {"start": "00:20:12", "end": "00:20:17", "text": "teams including Phantom, Jupiter,"}, {"start": "00:20:14", "end": "00:20:19", "text": "Coinbase, and Bitwise use to build on"}, {"start": "00:20:17", "end": "00:20:24", "text": "Salana. from RPC nodes data streaming"}, {"start": "00:20:19", "end": "00:20:26", "text": "transaction delivery validators. So"}, {"start": "00:20:24", "end": "00:20:28", "text": "as things start to merge and I'm not"}, {"start": "00:20:26", "end": "00:20:30", "text": "saying that Salana is going to take over"}, {"start": "00:20:28", "end": "00:20:31", "text": "near is going to take over Salana but"}, {"start": "00:20:30", "end": "00:20:34", "text": "you start to see like an adjunct of"}, {"start": "00:20:31", "end": "00:20:35", "text": "ideas and people coming together then"}, {"start": "00:20:34", "end": "00:20:37", "text": "all of a sudden like why don't we work"}, {"start": "00:20:35", "end": "00:20:39", "text": "together more that could be a pretty big"}, {"start": "00:20:37", "end": "00:20:43", "text": "thing and then lastly before we get out"}, {"start": "00:20:39", "end": "00:20:46", "text": "of here as a reminder"}, {"start": "00:20:43", "end": "00:20:50", "text": "you know near could do some pretty big"}, {"start": "00:20:46", "end": "00:20:51", "text": "things and the uh and the talk about 40x"}, {"start": "00:20:50", "end": "00:20:53", "text": "is pretty ridiculous."}, {"start": "00:20:51", "end": "00:20:57", "text": "But if you take a look at the market cap"}, {"start": "00:20:53", "end": "00:20:59", "text": "of NER at 6.6 billion, Ethereum is 307"}, {"start": "00:20:57", "end": "00:21:01", "text": "billion. And I still think that chain is"}, {"start": "00:20:59", "end": "00:21:04", "text": "kind of clunky, but Wall Street seems to"}, {"start": "00:21:01", "end": "00:21:07", "text": "pick it. But for near to do a 40x around"}, {"start": "00:21:04", "end": "00:21:10", "text": "30, 32,"}, {"start": "00:21:07", "end": "00:21:12", "text": "uh, it would still not be under the"}, {"start": "00:21:10", "end": "00:21:16", "text": "market cap of Ethereum today, and that's"}, {"start": "00:21:12", "end": "00:21:18", "text": "in a bare market. So,"}, {"start": "00:21:16", "end": "00:21:21", "text": "well, one more thing. So I always like"}, {"start": "00:21:18", "end": "00:21:23", "text": "to talk about this one. Ilia used to"}, {"start": "00:21:21", "end": "00:21:26", "text": "work for Google or wrote a Google paper"}, {"start": "00:21:23", "end": "00:21:28", "text": "in 2017 called attention is all you need"}, {"start": "00:21:26", "end": "00:21:32", "text": "and it talks about transformers and that"}, {"start": "00:21:28", "end": "00:21:35", "text": "transformer or the T is the in chat GPT."}, {"start": "00:21:32", "end": "00:21:37", "text": "That's what they use and base it on. So"}, {"start": "00:21:35", "end": "00:21:39", "text": "Ilia who I've interviewed a couple of"}, {"start": "00:21:37", "end": "00:21:41", "text": "times"}, {"start": "00:21:39", "end": "00:21:44", "text": "I think could be the next catalyst for"}, {"start": "00:21:41", "end": "00:21:46", "text": "something reasonably good. And that's it"}, {"start": "00:21:44", "end": "00:21:47", "text": "for today. So, look, if you like today's"}, {"start": "00:21:46", "end": "00:21:49", "text": "video, I know it was a little bit long"}, {"start": "00:21:47", "end": "00:21:51", "text": "and we kind of went all over the place."}, {"start": "00:21:49", "end": "00:21:52", "text": "Leave a like and subscribe and all that"}, {"start": "00:21:51", "end": "00:21:54", "text": "great stuff. Now, let's get into a"}, {"start": "00:21:52", "end": "00:21:57", "text": "little Q&A and I'll answer your"}, {"start": "00:21:54", "end": "00:21:59", "text": "questions and we will go from there."}, {"start": "00:21:57", "end": "00:22:02", "text": "Plato Plato says, \"What the heck is"}, {"start": "00:21:59", "end": "00:22:03", "text": "that? My doctor told me other day.\""}, {"start": "00:22:02", "end": "00:22:05", "text": "That's That's how you know you're"}, {"start": "00:22:03", "end": "00:22:07", "text": "getting old."}, {"start": "00:22:05", "end": "00:22:09", "text": "That happens to me, too. What? Got a"}, {"start": "00:22:07", "end": "00:22:12", "text": "what? That's awful."}, {"start": "00:22:09", "end": "00:22:15", "text": "Marini number four to like. Thank you,"}, {"start": "00:22:12", "end": "00:22:16", "text": "Echo. I appreciate that. Watcher Goo"}, {"start": "00:22:15", "end": "00:22:17", "text": "says, \"What do you mean it lost $200"}, {"start": "00:22:16", "end": "00:22:19", "text": "billion?\" May not like it lost like,"}, {"start": "00:22:17", "end": "00:22:21", "text": "\"Hey, where did my $200 billion dollars"}, {"start": "00:22:19", "end": "00:22:23", "text": "go?\" I'm saying that we were at three"}, {"start": "00:22:21", "end": "00:22:25", "text": "trillion. Now we're at 2.8 billion or"}, {"start": "00:22:23", "end": "00:22:28", "text": "2.8 trillion. So, let me do some quick"}, {"start": "00:22:25", "end": "00:22:34", "text": "math. Yeah, roughly $200 billion loss as"}, {"start": "00:22:28", "end": "00:22:34", "text": "far as market cap. All right, let's see."}, {"start": "00:22:36", "end": "00:22:42", "text": "Ben Cowan is a scammer. Look, I've had"}, {"start": "00:22:40", "end": "00:22:45", "text": "some scammers on my channel."}, {"start": "00:22:42", "end": "00:22:49", "text": "And I can tell you one thing, Ben is not"}, {"start": "00:22:45", "end": "00:22:55", "text": "that. So, that's a good one."}, {"start": "00:22:49", "end": "00:22:57", "text": "Okay. Uh, who pays this guy? Well, not"}, {"start": "00:22:55", "end": "00:22:59", "text": "not YouTube, I'll tell you that. You"}, {"start": "00:22:57", "end": "00:23:00", "text": "know, as a as somebody who does YouTube"}, {"start": "00:22:59", "end": "00:23:02", "text": "every single day and does a live stream"}, {"start": "00:23:00", "end": "00:23:05", "text": "and things like that because it's fun,"}, {"start": "00:23:02", "end": "00:23:07", "text": "keeps me entertained top my other things"}, {"start": "00:23:05", "end": "00:23:10", "text": "I get to do. It's uh they don't pay"}, {"start": "00:23:07", "end": "00:23:12", "text": "squat quite honestly. Now, there's these"}, {"start": "00:23:10", "end": "00:23:13", "text": "things called affiliate links in the"}, {"start": "00:23:12", "end": "00:23:16", "text": "description if you want to use those."}, {"start": "00:23:13", "end": "00:23:18", "text": "That does help out the channel sitewide,"}, {"start": "00:23:16", "end": "00:23:20", "text": "but if you can't stand affiliate links,"}, {"start": "00:23:18", "end": "00:23:22", "text": "that's cool. You know, if you want if"}, {"start": "00:23:20", "end": "00:23:24", "text": "you if you don't want to go to Kraken"}, {"start": "00:23:22", "end": "00:23:26", "text": "and get $25 signup bonus, then don't use"}, {"start": "00:23:24", "end": "00:23:27", "text": "the affiliate link. Just go right to"}, {"start": "00:23:26", "end": "00:23:30", "text": "kraken.com, whatever. I don't even know"}, {"start": "00:23:27", "end": "00:23:31", "text": "what the website is. Kraken.org. I don't"}, {"start": "00:23:30", "end": "00:23:33", "text": "know. Just don't miss make sure you"}, {"start": "00:23:31", "end": "00:23:34", "text": "don't go to the wrong one and get"}, {"start": "00:23:33", "end": "00:23:37", "text": "hacked. That's why you probably want to"}, {"start": "00:23:34", "end": "00:23:39", "text": "use that affiliate link. Anyhow, that's"}, {"start": "00:23:37", "end": "00:23:42", "text": "uh that always goes to sponsor channels,"}, {"start": "00:23:39", "end": "00:23:42", "text": "just so you know."}, {"start": "00:23:43", "end": "00:23:48", "text": "What I don't know where the uh wow, I"}, {"start": "00:23:47", "end": "00:23:51", "text": "don't know where the Ben hate is coming"}, {"start": "00:23:48", "end": "00:23:54", "text": "from."}, {"start": "00:23:51", "end": "00:23:57", "text": "I will tell you, you know, he was right"}, {"start": "00:23:54", "end": "00:23:59", "text": "about the four-year cycles so far. No,"}, {"start": "00:23:57", "end": "00:24:01", "text": "no, no, no. Of course, they'll say, Rob,"}, {"start": "00:23:59", "end": "00:24:03", "text": "but you know, come on. Four year cycles,"}, {"start": "00:24:01", "end": "00:24:05", "text": "we had an all-time high before the last"}, {"start": "00:24:03", "end": "00:24:08", "text": "tabing in 2024, and that's never"}, {"start": "00:24:05", "end": "00:24:10", "text": "happened. That's true. That's true. But"}, {"start": "00:24:08", "end": "00:24:13", "text": "I believe that we hit an all-time high"}, {"start": "00:24:10", "end": "00:24:17", "text": "for the cycle in 2025, just like we hit"}, {"start": "00:24:13", "end": "00:24:19", "text": "in every Q4 cycle."}, {"start": "00:24:17", "end": "00:24:20", "text": "Last year was November or four years"}, {"start": "00:24:19", "end": "00:24:23", "text": "prior was November. Four years before"}, {"start": "00:24:20", "end": "00:24:25", "text": "that, it was December. Pretty much the"}, {"start": "00:24:23", "end": "00:24:28", "text": "same. Now, the big question is, are we"}, {"start": "00:24:25", "end": "00:24:31", "text": "going to see a lower low in Q4?"}, {"start": "00:24:28", "end": "00:24:33", "text": "Remember, we've got two two and a half"}, {"start": "00:24:31", "end": "00:24:35", "text": "months to go. A lot of things can"}, {"start": "00:24:33", "end": "00:24:37", "text": "happen. So, I know everybody just says"}, {"start": "00:24:35", "end": "00:24:39", "text": "like everybody says two one of two"}, {"start": "00:24:37", "end": "00:24:41", "text": "things. First of all, we're going to"}, {"start": "00:24:39", "end": "00:24:43", "text": "keep going higher. Bull run starts"}, {"start": "00:24:41", "end": "00:24:45", "text": "today. It's going to be awesome. The"}, {"start": "00:24:43", "end": "00:24:47", "text": "second group is like no, it's going to"}, {"start": "00:24:45", "end": "00:24:50", "text": "go down even lower and we could see a"}, {"start": "00:24:47", "end": "00:24:52", "text": "10K Bitcoin, 20K, maybe a 40K. And"}, {"start": "00:24:50", "end": "00:24:54", "text": "there's me who's like, I don't know. I"}, {"start": "00:24:52", "end": "00:24:55", "text": "think the 200E moving average is a"}, {"start": "00:24:54", "end": "00:24:58", "text": "pretty good one to just buy below that"}, {"start": "00:24:55", "end": "00:25:01", "text": "and double or quadruple or 8x up what"}, {"start": "00:24:58", "end": "00:25:04", "text": "you usually buy. That's what I do."}, {"start": "00:25:01", "end": "00:25:07", "text": "and just write things out over time. All"}, {"start": "00:25:04", "end": "00:25:07", "text": "right."}, {"start": "00:25:09", "end": "00:25:12", "text": "Uh"}, {"start": "00:25:17", "end": "00:25:21", "text": "yeah. Huh."}, {"start": "00:25:25", "end": "00:25:31", "text": "I just wonder how many of these are"}, {"start": "00:25:28", "end": "00:25:33", "text": "bots. Ben better be on the show again."}, {"start": "00:25:31", "end": "00:25:36", "text": "Ben was crying yesterday because you're"}, {"start": "00:25:33", "end": "00:25:38", "text": "wrong. I watched the video all hour and"}, {"start": "00:25:36", "end": "00:25:42", "text": "10 minutes. There was no crying. So,"}, {"start": "00:25:38", "end": "00:25:45", "text": "you're full of it. Ben is after I see."}, {"start": "00:25:42", "end": "00:25:47", "text": "Yeah. No, no, no. Now, remember"}, {"start": "00:25:45", "end": "00:25:51", "text": "everybody, just because we have a"}, {"start": "00:25:47", "end": "00:25:54", "text": "difference of opinion, we don't uh"}, {"start": "00:25:51", "end": "00:25:56", "text": "escan people or we don't hide them. If"}, {"start": "00:25:54", "end": "00:25:58", "text": "they have a difference of opinion, I"}, {"start": "00:25:56", "end": "00:26:02", "text": "have no problem with that. It's just if"}, {"start": "00:25:58", "end": "00:26:05", "text": "you're trying to scam or you are uh"}, {"start": "00:26:02", "end": "00:26:09", "text": "doing illicit activity as Elizabeth"}, {"start": "00:26:05", "end": "00:26:09", "text": "Warren talks about then yeah"}, {"start": "00:26:10", "end": "00:26:15", "text": "funny everyone is wrong. Name one who"}, {"start": "00:26:12", "end": "00:26:17", "text": "has nailed it in any cycle. You know I"}, {"start": "00:26:15", "end": "00:26:20", "text": "got to tell you Ivan did a pretty good"}, {"start": "00:26:17", "end": "00:26:23", "text": "job. I mean this one and Wes over at"}, {"start": "00:26:20", "end": "00:26:26", "text": "Smart Money Tracking pretty good job."}, {"start": "00:26:23", "end": "00:26:28", "text": "Yeah. And of course there's a ton of"}, {"start": "00:26:26", "end": "00:26:30", "text": "other one. Wow, another one. Ben is"}, {"start": "00:26:28", "end": "00:26:32", "text": "wrong. I see. Ben is a coward."}, {"start": "00:26:30", "end": "00:26:36", "text": "Interesting. Interesting take. I don't"}, {"start": "00:26:32", "end": "00:26:36", "text": "know where that comes from."}, {"start": "00:26:36", "end": "00:26:41", "text": "Speaking of Ben's Ben's Opera. Hey"}, {"start": "00:26:40", "end": "00:26:43", "text": "brother, are you bullish or bearish"}, {"start": "00:26:41", "end": "00:26:46", "text": "shortterm? Uh,"}, {"start": "00:26:43", "end": "00:26:48", "text": "not too. Honestly,"}, {"start": "00:26:46", "end": "00:26:51", "text": "I am not too bullish in the short term."}, {"start": "00:26:48", "end": "00:26:52", "text": "Remember, we got two and a half weeks or"}, {"start": "00:26:51", "end": "00:26:54", "text": "so before we hit the midterms, and those"}, {"start": "00:26:52", "end": "00:26:58", "text": "are usually some pretty crappy days. I"}, {"start": "00:26:54", "end": "00:27:01", "text": "mean, historically speaking,"}, {"start": "00:26:58", "end": "00:27:03", "text": "and I'll show you what I mean."}, {"start": "00:27:01", "end": "00:27:07", "text": "Midterm elections"}, {"start": "00:27:03", "end": "00:27:09", "text": "are essentially"}, {"start": "00:27:07", "end": "00:27:10", "text": "in between the presidential elections,"}, {"start": "00:27:09", "end": "00:27:13", "text": "which is every four years, we have"}, {"start": "00:27:10", "end": "00:27:17", "text": "midterm elections right in the middle."}, {"start": "00:27:13", "end": "00:27:17", "text": "And during that time,"}, {"start": "00:27:18", "end": "00:27:24", "text": "it is when we start to see who we are"}, {"start": "00:27:22", "end": "00:27:26", "text": "going to vote in for different seats of"}, {"start": "00:27:24", "end": "00:27:27", "text": "the Senate and the House of"}, {"start": "00:27:26", "end": "00:27:30", "text": "Representatives, which makes up"}, {"start": "00:27:27", "end": "00:27:32", "text": "Congress. Now, not all those seats are"}, {"start": "00:27:30", "end": "00:27:34", "text": "up and available. I believe senators,"}, {"start": "00:27:32", "end": "00:27:35", "text": "it's every six years. Correct me in the"}, {"start": "00:27:34", "end": "00:27:39", "text": "comments. House, I think it's every"}, {"start": "00:27:35", "end": "00:27:41", "text": "four. And during that time, the market"}, {"start": "00:27:39", "end": "00:27:44", "text": "doesn't like it because we don't like"}, {"start": "00:27:41", "end": "00:27:46", "text": "ambiguity. We don't like the uncertainty"}, {"start": "00:27:44", "end": "00:27:48", "text": "of what could potentially happen because"}, {"start": "00:27:46", "end": "00:27:50", "text": "you have to ask yourself, well, will the"}, {"start": "00:27:48", "end": "00:27:52", "text": "incumbent party or whoever is the"}, {"start": "00:27:50", "end": "00:27:55", "text": "president right now, are they going to"}, {"start": "00:27:52", "end": "00:27:58", "text": "retain their dominance"}, {"start": "00:27:55", "end": "00:27:59", "text": "uh for Congress or is it going to be"}, {"start": "00:27:58", "end": "00:28:01", "text": "split down the middle and are we going"}, {"start": "00:27:59", "end": "00:28:04", "text": "to have a lame duck president?"}, {"start": "00:28:01", "end": "00:28:06", "text": "Thing is, it's hard to say. It looks"}, {"start": "00:28:04", "end": "00:28:08", "text": "like the House is going to fall to"}, {"start": "00:28:06", "end": "00:28:10", "text": "Democrats. Republicans are on their way"}, {"start": "00:28:08", "end": "00:28:14", "text": "out on that one. But the next big thing"}, {"start": "00:28:10", "end": "00:28:16", "text": "is will we have an issue"}, {"start": "00:28:14", "end": "00:28:18", "text": "then with the Senate? And if you have"}, {"start": "00:28:16", "end": "00:28:20", "text": "the entire Congress, you have the House"}, {"start": "00:28:18", "end": "00:28:22", "text": "and the Senate, which flips the"}, {"start": "00:28:20", "end": "00:28:24", "text": "Democrat, and you have the president who"}, {"start": "00:28:22", "end": "00:28:26", "text": "is a Republican, now you've got a lot of"}, {"start": "00:28:24", "end": "00:28:27", "text": "things that will never get passed unless"}, {"start": "00:28:26", "end": "00:28:29", "text": "you start to do a bunch of executive"}, {"start": "00:28:27", "end": "00:28:32", "text": "orders, which a lot of presidents like"}, {"start": "00:28:29", "end": "00:28:34", "text": "that. So, the big thing though is this."}, {"start": "00:28:32", "end": "00:28:37", "text": "The reason why I'm bearish is because of"}, {"start": "00:28:34", "end": "00:28:40", "text": "that. And also this little nice little"}, {"start": "00:28:37", "end": "00:28:43", "text": "chart, credit to Seth CL, since 1942,"}, {"start": "00:28:40", "end": "00:28:45", "text": "buying the S&P 500"}, {"start": "00:28:43", "end": "00:28:48", "text": "on midterm election day, which like the"}, {"start": "00:28:45", "end": "00:28:52", "text": "first first week of November, generates"}, {"start": "00:28:48", "end": "00:28:54", "text": "a median return of plus 15.2% through"}, {"start": "00:28:52", "end": "00:28:56", "text": "June 30th of the following year. Roughly"}, {"start": "00:28:54", "end": "00:28:58", "text": "seven months, six, seven months. So what"}, {"start": "00:28:56", "end": "00:29:01", "text": "does that mean? That means usually we go"}, {"start": "00:28:58", "end": "00:29:03", "text": "a little bit lower and then we start to"}, {"start": "00:29:01", "end": "00:29:05", "text": "get out of it because the traditional"}, {"start": "00:29:03", "end": "00:29:09", "text": "markets go, \"Oh, okay. So, here's who we"}, {"start": "00:29:05", "end": "00:29:10", "text": "got. Here's what their histori's"}, {"start": "00:29:09", "end": "00:29:12", "text": "where I think we're going to go for"}, {"start": "00:29:10", "end": "00:29:15", "text": "legislation in Congress. Makes a lot of"}, {"start": "00:29:12", "end": "00:29:18", "text": "sense. Let's move forward. So, in the"}, {"start": "00:29:15", "end": "00:29:20", "text": "near term, I'm not too bullish just"}, {"start": "00:29:18", "end": "00:29:23", "text": "because the midterms, but I could be"}, {"start": "00:29:20", "end": "00:29:27", "text": "wrong, but historically speaking, that's"}, {"start": "00:29:23", "end": "00:29:28", "text": "usually what happens. All right."}, {"start": "00:29:27", "end": "00:29:30", "text": "He's not. Thank you. He's not getting"}, {"start": "00:29:28", "end": "00:29:33", "text": "paid enough."}, {"start": "00:29:30", "end": "00:29:34", "text": "Ben is a fraud."}, {"start": "00:29:33", "end": "00:29:38", "text": "Whoa."}, {"start": "00:29:34", "end": "00:29:42", "text": "Hey Ari blah blah. Yes, also Lucio."}, {"start": "00:29:38", "end": "00:29:43", "text": "True. Lone wolf. Hello."}, {"start": "00:29:42", "end": "00:29:46", "text": "Tapiro likes Kraken. Everybody likes"}, {"start": "00:29:43", "end": "00:29:46", "text": "Kraken."}, {"start": "00:29:48", "end": "00:29:54", "text": "On another channel crying about another"}, {"start": "00:29:50", "end": "00:29:56", "text": "streamer is sad. It's true."}, {"start": "00:29:54", "end": "00:29:57", "text": "Uh,"}, {"start": "00:29:56", "end": "00:30:01", "text": "look, you can't make everybody happy."}, {"start": "00:29:57", "end": "00:30:01", "text": "That's pretty much how it is."}, {"start": "00:30:02", "end": "00:30:06", "text": "Lloyd says, \"I agree. Ben did mess up"}, {"start": "00:30:04", "end": "00:30:10", "text": "bad this cycle.\" I don't think he messed"}, {"start": "00:30:06", "end": "00:30:13", "text": "up. I mean, like he said, he's like,"}, {"start": "00:30:10", "end": "00:30:16", "text": "I mean, pretty much I talk to that guy"}, {"start": "00:30:13", "end": "00:30:17", "text": "about once a week on an NFL live show"}, {"start": "00:30:16", "end": "00:30:19", "text": "and I watch his videos. They're pretty"}, {"start": "00:30:17", "end": "00:30:22", "text": "entertaining. Sometimes a little bit"}, {"start": "00:30:19", "end": "00:30:24", "text": "long, whatever. So mine. But uh he did"}, {"start": "00:30:22", "end": "00:30:26", "text": "say he said this a couple times like"}, {"start": "00:30:24", "end": "00:30:28", "text": "look in the midterm election year"}, {"start": "00:30:26", "end": "00:30:30", "text": "anything you know dollar cost averaging"}, {"start": "00:30:28", "end": "00:30:33", "text": "specifically saying that is a pretty"}, {"start": "00:30:30", "end": "00:30:36", "text": "good strategy following into Q3 of the"}, {"start": "00:30:33", "end": "00:30:38", "text": "midterm year seem to work out okay. The"}, {"start": "00:30:36", "end": "00:30:44", "text": "problem was is that people were starting"}, {"start": "00:30:38", "end": "00:30:50", "text": "to think that Q4 has to has to has to"}, {"start": "00:30:44", "end": "00:30:51", "text": "um go down and be a lower low. I didn't"}, {"start": "00:30:50", "end": "00:30:53", "text": "every time I go against the four year"}, {"start": "00:30:51", "end": "00:30:55", "text": "cycles I get burnt but I'm like maybe"}, {"start": "00:30:53", "end": "00:30:57", "text": "this time is different. So I was like"}, {"start": "00:30:55", "end": "00:31:01", "text": "well I'm just going to keep doing that"}, {"start": "00:30:57", "end": "00:31:04", "text": "and um yeah but as a reminder I mean"}, {"start": "00:31:01", "end": "00:31:04", "text": "here's what"}, {"start": "00:31:07", "end": "00:31:10", "text": "where'd it go?"}, {"start": "00:31:12", "end": "00:31:17", "text": "Here's what I always said as time went"}, {"start": "00:31:15", "end": "00:31:22", "text": "on. We'll see if it works out. And this"}, {"start": "00:31:17", "end": "00:31:22", "text": "is the 200 week 200 week"}, {"start": "00:31:24", "end": "00:31:28", "text": "buying every Monday"}, {"start": "00:31:26", "end": "00:31:30", "text": "we go into moving averages moving"}, {"start": "00:31:28", "end": "00:31:33", "text": "averages. So for me this is for me this"}, {"start": "00:31:30", "end": "00:31:34", "text": "is just the time to execute the plan and"}, {"start": "00:31:33", "end": "00:31:38", "text": "we're now at 0.2"}, {"start": "00:31:34", "end": "00:31:40", "text": "which I bought last year. I bought it at"}, {"start": "00:31:38", "end": "00:31:42", "text": "0.3"}, {"start": "00:31:40", "end": "00:31:46", "text": "call dynamic dynamic doubled up"}, {"start": "00:31:42", "end": "00:31:48", "text": "quadrupled up quadrupled we were rightly"}, {"start": "00:31:46", "end": "00:31:50", "text": "between 200 moving average 200 moving"}, {"start": "00:31:48", "end": "00:31:53", "text": "average just yesterday if you just"}, {"start": "00:31:50", "end": "00:31:54", "text": "waited for the tering"}, {"start": "00:31:53", "end": "00:31:56", "text": "average and bought a pretty good time"}, {"start": "00:31:54", "end": "00:31:58", "text": "and you don't have to wait for it you"}, {"start": "00:31:56", "end": "00:32:00", "text": "don't have to wait in the long run"}, {"start": "00:31:58", "end": "00:32:01", "text": "probably be a pretty good uh investment"}, {"start": "00:32:00", "end": "00:32:04", "text": "as far as like buying as far as like"}, {"start": "00:32:01", "end": "00:32:06", "text": "buying time go"}, {"start": "00:32:04", "end": "00:32:08", "text": "we'll just say what I'm doing what I'm"}, {"start": "00:32:06", "end": "00:32:09", "text": "cost averaging aaging and I think oh I"}, {"start": "00:32:08", "end": "00:32:12", "text": "don't know"}, {"start": "00:32:09", "end": "00:32:15", "text": ">> 2 or 3 years 2 or 3 years today I bought"}, {"start": "00:32:12", "end": "00:32:18", "text": "bitco I bought bitcoin"}, {"start": "00:32:15", "end": "00:32:21", "text": "cash app just buying every Monday buying"}, {"start": "00:32:18", "end": "00:32:24", "text": "every Monday and I'm pretty glad I did"}, {"start": "00:32:21", "end": "00:32:28", "text": "buy bitcoin I buy"}, {"start": "00:32:24", "end": "00:32:30", "text": "as we've talked about dynamic actually d"}, {"start": "00:32:28", "end": "00:32:34", "text": "what I purchased what I purchased last"}, {"start": "00:32:30", "end": "00:32:36", "text": "week on my usual Monday cash but again"}, {"start": "00:32:34", "end": "00:32:38", "text": "as a reminder but again as a Week moving"}, {"start": "00:32:36", "end": "00:32:41", "text": "average week moving averages buying here"}, {"start": "00:32:38", "end": "00:32:43", "text": "at 59,000 592 somewhere around that."}, {"start": "00:32:41", "end": "00:32:46", "text": "It's not a bad thing. It's not a bad"}, {"start": "00:32:43", "end": "00:32:47", "text": "thing. I know people are calling me."}, {"start": "00:32:46", "end": "00:32:48", "text": "Sorry about that. I went a little bit"}, {"start": "00:32:47", "end": "00:32:52", "text": "long. I was trying to show like 10"}, {"start": "00:32:48", "end": "00:32:56", "text": "seconds. It wouldn't stop. Anyhow,"}, {"start": "00:32:52", "end": "00:33:00", "text": "whatever. Here we go."}, {"start": "00:32:56", "end": "00:33:05", "text": "Thanks for keeping IR real, I guess. Ah,"}, {"start": "00:33:00", "end": "00:33:05", "text": "real. Same zombie."}, {"start": "00:33:05", "end": "00:33:10", "text": "Plato might be true. Anyone with a dash"}, {"start": "00:33:08", "end": "00:33:13", "text": "in their name, I think, is a bot in this"}, {"start": "00:33:10", "end": "00:33:14", "text": "stream. I tell you, if these are bots,"}, {"start": "00:33:13", "end": "00:33:17", "text": "wouldn't that be funny that somebody"}, {"start": "00:33:14", "end": "00:33:20", "text": "paid for bots to badmouth Ben? What a"}, {"start": "00:33:17", "end": "00:33:24", "text": "waste of time."}, {"start": "00:33:20", "end": "00:33:24", "text": "I think he'll be okay."}, {"start": "00:33:25", "end": "00:33:33", "text": "Oh, echoes, huh, that was weird."}, {"start": "00:33:30", "end": "00:33:33", "text": "Crazy."}, {"start": "00:33:35", "end": "00:33:40", "text": "It's probably just a glitch. Let's see."}, {"start": "00:33:37", "end": "00:33:42", "text": "Here's a good question. Pogo, do you"}, {"start": "00:33:40", "end": "00:33:46", "text": "invest in Bitcoin miners? Any you don't"}, {"start": "00:33:42", "end": "00:33:47", "text": "like? I don't, but I had uh uh Andy on"}, {"start": "00:33:46", "end": "00:33:50", "text": "from my friend Andy, he had some pretty"}, {"start": "00:33:47", "end": "00:33:52", "text": "good recommendations. And um if you just"}, {"start": "00:33:50", "end": "00:33:54", "text": "search for digital asset news Andy or"}, {"start": "00:33:52", "end": "00:33:56", "text": "just find my friend Andy's YouTube"}, {"start": "00:33:54", "end": "00:33:58", "text": "channel, he's got some solid"}, {"start": "00:33:56", "end": "00:34:01", "text": "recommendations for just like the normal"}, {"start": "00:33:58", "end": "00:34:05", "text": "plebs like us of what we can do for"}, {"start": "00:34:01", "end": "00:34:05", "text": "Bitcoin mining. Yeah."}, {"start": "00:34:05", "end": "00:34:11", "text": "Let's see."}, {"start": "00:34:07", "end": "00:34:11", "text": "People piling in for fun."}, {"start": "00:34:12", "end": "00:34:17", "text": "Next week we'll have Jerry bots."}, {"start": "00:34:20", "end": "00:34:23", "text": "Let's see."}, {"start": "00:34:24", "end": "00:34:29", "text": "They must have been referring to Bit"}, {"start": "00:34:25", "end": "00:34:32", "text": "Boy. I miss Ben Armstrong. That was a"}, {"start": "00:34:29", "end": "00:34:32", "text": "good channel."}, {"start": "00:34:35", "end": "00:34:39", "text": "Dan, why is Kraken support so bad? I've"}, {"start": "00:34:37", "end": "00:34:41", "text": "had nothing but good luck with Kraken"}, {"start": "00:34:39", "end": "00:34:43", "text": "support. The question is, are you doing"}, {"start": "00:34:41", "end": "00:34:46", "text": "it via the chat version? Are you doing"}, {"start": "00:34:43", "end": "00:34:47", "text": "it via email or what? Because like the"}, {"start": "00:34:46", "end": "00:34:49", "text": "last time I did it, there was like a"}, {"start": "00:34:47", "end": "00:34:50", "text": "real person I talked to. I'm not for"}, {"start": "00:34:49", "end": "00:34:54", "text": "sure. Clip, you got to tell me what the"}, {"start": "00:34:50", "end": "00:34:54", "text": "problem is. Let me go ahead."}, {"start": "00:34:57", "end": "00:35:02", "text": "No, but there's always something."}, {"start": "00:35:06", "end": "00:35:10", "text": "All right,"}, {"start": "00:35:08", "end": "00:35:12", "text": "and that's it for today. So, everybody,"}, {"start": "00:35:10", "end": "00:35:14", "text": "thanks. Sorry about the echo. I think"}, {"start": "00:35:12", "end": "00:35:17", "text": "that's just a glitch with Streamyard"}, {"start": "00:35:14", "end": "00:35:19", "text": "because it was a preloaded uh video. But"}, {"start": "00:35:17", "end": "00:35:21", "text": "that's it for today. And then tomorrow,"}, {"start": "00:35:19", "end": "00:35:23", "text": "we'll have uh Jerry from Costa Rica on."}, {"start": "00:35:21", "end": "00:35:25", "text": "It was always a good one and we'll go"}, {"start": "00:35:23", "end": "00:35:27", "text": "over that. But uh go enjoy the weekend."}, {"start": "00:35:25", "end": "00:35:29", "text": "Go enjoy this beautiful Saturday. And"}, {"start": "00:35:27", "end": "00:35:33", "text": "I'll see you guys m�ana. Have a great"}, {"start": "00:35:29", "end": "00:35:33", "text": "rest of your day. Thanks so much. Adios."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "This is why it's so important"}, {"start": "00:00:02", "end": "00:00:05", "text": "that"}, {"start": "00:00:04", "end": "00:00:10", "text": "we don't"}, {"start": "00:00:05", "end": "00:00:12", "text": "put so much time into this crypto space."}, {"start": "00:00:10", "end": "00:00:13", "text": "And people will say, \"Well, I'm never"}, {"start": "00:00:12", "end": "00:00:15", "text": "going to take profits cuz I'm going to"}, {"start": "00:00:13", "end": "00:00:17", "text": "give them to my kids and my grandkids.\""}, {"start": "00:00:15", "end": "00:00:19", "text": "And you can do that, that's fine."}, {"start": "00:00:17", "end": "00:00:20", "text": "Uh but just remember, what are your kids"}, {"start": "00:00:19", "end": "00:00:23", "text": "going to do with it? They're probably"}, {"start": "00:00:20", "end": "00:00:25", "text": "going to blow right through it."}, {"start": "00:00:23", "end": "00:00:26", "text": "Uh cuz you didn't cuz you got to teach"}, {"start": "00:00:25", "end": "00:00:28", "text": "them"}, {"start": "00:00:26", "end": "00:00:30", "text": "to hold on to things. But then what's"}, {"start": "00:00:28", "end": "00:00:32", "text": "the whole point of that? They hold on to"}, {"start": "00:00:30", "end": "00:00:33", "text": "it. And then they give it to their kids,"}, {"start": "00:00:32", "end": "00:00:35", "text": "and their kids, and their kids. And"}, {"start": "00:00:33", "end": "00:00:37", "text": "maybe they're a trillionaire at some"}, {"start": "00:00:35", "end": "00:00:38", "text": "point. But in the future, maybe we don't"}, {"start": "00:00:37", "end": "00:00:40", "text": "even need money."}, {"start": "00:00:38", "end": "00:00:41", "text": "Maybe AI just disrupts that so much. I"}, {"start": "00:00:40", "end": "00:00:43", "text": "don't know."}, {"start": "00:00:41", "end": "00:00:44", "text": "So, the big thing is we don't know the"}, {"start": "00:00:43", "end": "00:00:45", "text": "future, we don't know what's going to"}, {"start": "00:00:44", "end": "00:00:47", "text": "happen. So, make sure that we appreciate"}, {"start": "00:00:45", "end": "00:00:49", "text": "the here and now."}, {"start": "00:00:47", "end": "00:00:50", "text": "And uh we take care of ourselves. That's"}, {"start": "00:00:49", "end": "00:00:52", "text": "the most important thing."}, {"start": "00:00:50", "end": "00:00:54", "text": "I know people don't like to, you know,"}, {"start": "00:00:52", "end": "00:00:56", "text": "like hear that type of stuff, but it's"}, {"start": "00:00:54", "end": "00:00:58", "text": "true. As time goes on, I think it's"}, {"start": "00:00:56", "end": "00:01:00", "text": "important that we take profits. Everyone"}, {"start": "00:00:58", "end": "00:01:02", "text": "broking profits and and double life, and"}, {"start": "00:01:00", "end": "00:01:04", "text": "not just uh give so much to like, I got"}, {"start": "00:01:02", "end": "00:01:06", "text": "to save, I got to do, I got to do"}, {"start": "00:01:04", "end": "00:01:06", "text": "everything."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "We're living crazy times. It seems like"}, {"start": "00:00:03", "end": "00:00:07", "text": "some of the things that get laughed at"}, {"start": "00:00:05", "end": "00:00:10", "text": "just become the most ridiculous ideals"}, {"start": "00:00:07", "end": "00:00:12", "text": "then become the standard. And what we're"}, {"start": "00:00:10", "end": "00:00:15", "text": "talking about today is a little thing"}, {"start": "00:00:12", "end": "00:00:17", "text": "that's been uh capturing the imagination"}, {"start": "00:00:15", "end": "00:00:20", "text": "of the internet far and wide, which is"}, {"start": "00:00:17", "end": "00:00:22", "text": "the new Tesla Roadster. Now, this isn't"}, {"start": "00:00:20", "end": "00:00:24", "text": "a video about Tesla and what's going on."}, {"start": "00:00:22", "end": "00:00:27", "text": "What we're talking about today is just"}, {"start": "00:00:24", "end": "00:00:30", "text": "how long things actually take"}, {"start": "00:00:27", "end": "00:00:32", "text": "and where things can potentially go if"}, {"start": "00:00:30", "end": "00:00:34", "text": "you're patient enough. I'm going to play"}, {"start": "00:00:32", "end": "00:00:37", "text": "a little clip. This is from 2018. This"}, {"start": "00:00:34", "end": "00:00:39", "text": "is Joe Rogan and he's interviewing Elon"}, {"start": "00:00:37", "end": "00:00:42", "text": "Musk and they're talking about the rose"}, {"start": "00:00:39", "end": "00:00:44", "text": "the Roadster 8 years ago."}, {"start": "00:00:42", "end": "00:00:45", "text": "And this is what he said about it and"}, {"start": "00:00:44", "end": "00:00:47", "text": "just take a look at the reaction, which"}, {"start": "00:00:45", "end": "00:00:49", "text": "I think is some of the reactions that we"}, {"start": "00:00:47", "end": "00:00:50", "text": "get when we talk about how Bitcoin and"}, {"start": "00:00:49", "end": "00:00:52", "text": "altcoins and digital assets are going to"}, {"start": "00:00:50", "end": "00:00:53", "text": "take over the banking sector. Take a"}, {"start": "00:00:52", "end": "00:00:54", "text": "listen to this."}, {"start": "00:00:53", "end": "00:00:56", "text": ">> You need We're going to put rocket"}, {"start": "00:00:54", "end": "00:00:57", "text": "thrusters on it."}, {"start": "00:00:56", "end": "00:00:57", "text": ">> For real?"}, {"start": "00:00:57", "end": "00:00:58", "text": ">> Yes."}, {"start": "00:00:57", "end": "00:01:01", "text": ">> What are they going to burn?"}, {"start": "00:00:58", "end": "00:01:02", "text": ">> Nothing. Uh high uh ultra-high pressure"}, {"start": "00:01:01", "end": "00:01:03", "text": "compressed air."}, {"start": "00:01:02", "end": "00:01:05", "text": ">> Wow."}, {"start": "00:01:03", "end": "00:01:07", "text": ">> Just cold cold gas thrusters."}, {"start": "00:01:05", "end": "00:01:09", "text": ">> And then do you have to have air tanks"}, {"start": "00:01:07", "end": "00:01:10", "text": "or are they sucking the air out of Okay."}, {"start": "00:01:09", "end": "00:01:11", "text": ">> Yeah, it's an electric pump."}, {"start": "00:01:10", "end": "00:01:12", "text": ">> Wow."}, {"start": "00:01:11", "end": "00:01:14", "text": ">> Pump it up to like 10,000 PSI."}, {"start": "00:01:12", "end": "00:01:15", "text": ">> And how fast are we talking?"}, {"start": "00:01:14", "end": "00:01:17", "text": "0 to 60?"}, {"start": "00:01:15", "end": "00:01:19", "text": ">> How fast do you want to go?"}, {"start": "00:01:17", "end": "00:01:20", "text": ">> So, we have that and you know, it's kind"}, {"start": "00:01:19", "end": "00:01:22", "text": "of a funny thing all the all that time"}, {"start": "00:01:20", "end": "00:01:23", "text": "ago. But then if you really take a look"}, {"start": "00:01:22", "end": "00:01:25", "text": "at it about what happened. Now,"}, {"start": "00:01:23", "end": "00:01:26", "text": "everybody's been talking about this and"}, {"start": "00:01:25", "end": "00:01:27", "text": "I'm just going to go through it real"}, {"start": "00:01:26", "end": "00:01:29", "text": "quick if you haven't seen it, which"}, {"start": "00:01:27", "end": "00:01:31", "text": "you're probably one of the 1% who"}, {"start": "00:01:29", "end": "00:01:34", "text": "hasn't. But these are crazy times and"}, {"start": "00:01:31", "end": "00:01:36", "text": "things are moving so fast. This is the"}, {"start": "00:01:34", "end": "00:01:38", "text": "new norm. This is the Roadster that came"}, {"start": "00:01:36", "end": "00:01:40", "text": "out yesterday and just like what he"}, {"start": "00:01:38", "end": "00:01:42", "text": "talked about all those years ago is"}, {"start": "00:01:40", "end": "00:01:43", "text": "happening right now. Take a listen to"}, {"start": "00:01:42", "end": "00:01:45", "text": "this."}, {"start": "00:01:43", "end": "00:01:45", "text": ">> [music]"}, {"start": "00:01:55", "end": "00:01:59", "text": ">> So, if you didn't see it and you're just"}, {"start": "00:01:56", "end": "00:02:01", "text": "listening to uh the video right now."}, {"start": "00:01:59", "end": "00:02:03", "text": "There is this new Tesla Roadster, and"}, {"start": "00:02:01", "end": "00:02:07", "text": "with this compressed air, it was able to"}, {"start": "00:02:03", "end": "00:02:09", "text": "jump over a Tesla truck, a Tesla semi,"}, {"start": "00:02:07", "end": "00:02:11", "text": "another Tesla Model Y, or whatever else"}, {"start": "00:02:09", "end": "00:02:14", "text": "was there, and it landed right on its"}, {"start": "00:02:11", "end": "00:02:16", "text": "tires just like a cat on its feet. And"}, {"start": "00:02:14", "end": "00:02:17", "text": "we take a look at that, and we ask our"}, {"start": "00:02:16", "end": "00:02:19", "text": "self, \"Well, that's a nice gimmick.\""}, {"start": "00:02:17", "end": "00:02:21", "text": "But, think about it this way."}, {"start": "00:02:19", "end": "00:02:22", "text": "If you're in a head-on collision, and"}, {"start": "00:02:21", "end": "00:02:24", "text": "then you're rolling over and over, and"}, {"start": "00:02:22", "end": "00:02:27", "text": "your family's in the back, hopefully the"}, {"start": "00:02:24", "end": "00:02:28", "text": "airbags deploy, and one of the bigger"}, {"start": "00:02:27", "end": "00:02:31", "text": "things is hopefully you don't land on"}, {"start": "00:02:28", "end": "00:02:32", "text": "the roof. And if that happens, well,"}, {"start": "00:02:31", "end": "00:02:34", "text": "everybody gets wiped out. So, wouldn't"}, {"start": "00:02:32", "end": "00:02:36", "text": "that be something if you could you get"}, {"start": "00:02:34", "end": "00:02:38", "text": "hit, it's a rolling all over the place,"}, {"start": "00:02:36", "end": "00:02:40", "text": "it just stabilize you, and then of"}, {"start": "00:02:38", "end": "00:02:42", "text": "course your family's able to walk away."}, {"start": "00:02:40", "end": "00:02:44", "text": "Just saying, that sounds pretty good."}, {"start": "00:02:42", "end": "00:02:47", "text": "And that was just part of it, and then"}, {"start": "00:02:44", "end": "00:02:49", "text": "this was another angle from it. I just"}, {"start": "00:02:47", "end": "00:02:53", "text": "found this fascinating. And this is from"}, {"start": "00:02:49", "end": "00:02:57", "text": "a real person, not the displayed very"}, {"start": "00:02:53", "end": "00:02:58", "text": "nicely put together graphics that Tesla"}, {"start": "00:02:57", "end": "00:03:01", "text": "had, but just some person in the"}, {"start": "00:02:58", "end": "00:03:03", "text": "audience, and this is how it all worked"}, {"start": "00:03:01", "end": "00:03:05", "text": "out."}, {"start": "00:03:03", "end": "00:03:07", "text": "I found this interesting. It's just able"}, {"start": "00:03:05", "end": "00:03:09", "text": "to just go up and just stay there."}, {"start": "00:03:07", "end": "00:03:12", "text": "I'm guessing the compressed gas, then it"}, {"start": "00:03:09", "end": "00:03:12", "text": "stabilizes it again."}, {"start": "00:03:12", "end": "00:03:14", "text": ">> [cheering]"}, {"start": "00:03:13", "end": "00:03:16", "text": ">> And right here, I'm blown away. I'm"}, {"start": "00:03:14", "end": "00:03:17", "text": "like, \"Wow.\""}, {"start": "00:03:16", "end": "00:03:21", "text": "That's cool. In case you want to, I"}, {"start": "00:03:17", "end": "00:03:23", "text": "don't know, take your car up a"}, {"start": "00:03:21", "end": "00:03:25", "text": "up the side of a of a skyscraper, I"}, {"start": "00:03:23", "end": "00:03:29", "text": "suppose."}, {"start": "00:03:25", "end": "00:03:29", "text": "But then this was the crazy part."}, {"start": "00:03:33", "end": "00:03:35", "text": ">> [cheering]"}, {"start": "00:03:45", "end": "00:03:49", "text": ">> And just goes off."}, {"start": "00:03:49", "end": "00:03:52", "text": ">> [screaming]"}, {"start": "00:03:51", "end": "00:03:54", "text": ">> And drives away like nothing's"}, {"start": "00:03:52", "end": "00:03:57", "text": "happening. So,"}, {"start": "00:03:54", "end": "00:03:58", "text": "uh these are crazy times and uh again,"}, {"start": "00:03:57", "end": "00:04:02", "text": "those are the things that people were"}, {"start": "00:03:58", "end": "00:04:03", "text": "laughing at Elon Musk not too long ago"}, {"start": "00:04:02", "end": "00:04:05", "text": "on"}, {"start": "00:04:03", "end": "00:04:07", "text": "a really popular show and it just goes"}, {"start": "00:04:05", "end": "00:04:09", "text": "to show you just how long things have to"}, {"start": "00:04:07", "end": "00:04:11", "text": "take. And lastly, I will say this,"}, {"start": "00:04:09", "end": "00:04:13", "text": "I know some of these things we want our"}, {"start": "00:04:11", "end": "00:04:15", "text": "our bags to pump, we want it to go to"}, {"start": "00:04:13", "end": "00:04:16", "text": "Valhalla, we want all these these this"}, {"start": "00:04:15", "end": "00:04:19", "text": "adoption to come in. It takes a little"}, {"start": "00:04:16", "end": "00:04:22", "text": "bit of time and that's just par for the"}, {"start": "00:04:19", "end": "00:04:24", "text": "course. But, it really comes down to,"}, {"start": "00:04:22", "end": "00:04:27", "text": "you know, how much adoption are we going"}, {"start": "00:04:24", "end": "00:04:29", "text": "to have? Well, some things get adopted"}, {"start": "00:04:27", "end": "00:04:30", "text": "and some things don't. Some things you"}, {"start": "00:04:29", "end": "00:04:32", "text": "just can't stop, even though Russia's"}, {"start": "00:04:30", "end": "00:04:34", "text": "trying."}, {"start": "00:04:32", "end": "00:04:37", "text": "Two conflicting stories today. Russia to"}, {"start": "00:04:34", "end": "00:04:41", "text": "ban to ban direct peer-to-peer crypto"}, {"start": "00:04:37", "end": "00:04:43", "text": "trades starting July 2027. Now, as a"}, {"start": "00:04:41", "end": "00:04:44", "text": "reminder, every country's tried to ban"}, {"start": "00:04:43", "end": "00:04:47", "text": "crypto."}, {"start": "00:04:44", "end": "00:04:48", "text": "And China being one of the first ones"}, {"start": "00:04:47", "end": "00:04:49", "text": "and they failed miserably. We'll go over"}, {"start": "00:04:48", "end": "00:04:52", "text": "that in a second, but this is what's"}, {"start": "00:04:49", "end": "00:04:54", "text": "going on in Russia. The restriction will"}, {"start": "00:04:52", "end": "00:04:56", "text": "end individuals ability to exchange"}, {"start": "00:04:54", "end": "00:04:58", "text": "crypto assets directly without"}, {"start": "00:04:56", "end": "00:05:00", "text": "intermediaries. The Bank of Russia, the"}, {"start": "00:04:58", "end": "00:05:02", "text": "country's central bank, explained in"}, {"start": "00:05:00", "end": "00:05:04", "text": "guidance updated Monday. The regulator"}, {"start": "00:05:02", "end": "00:05:09", "text": "confirmed that such transactions will"}, {"start": "00:05:04", "end": "00:05:10", "text": "remain permitted until July 1st, 2027."}, {"start": "00:05:09", "end": "00:05:12", "text": "So, a little bit of a runway to go for"}, {"start": "00:05:10", "end": "00:05:13", "text": "roughly about a year or so."}, {"start": "00:05:12", "end": "00:05:15", "text": "Regulator also clarified that"}, {"start": "00:05:13", "end": "00:05:18", "text": "individuals,"}, {"start": "00:05:15", "end": "00:05:20", "text": "you and me, or Russian citizens, are not"}, {"start": "00:05:18", "end": "00:05:22", "text": "allowed to transfer crypto assets from"}, {"start": "00:05:20", "end": "00:05:24", "text": "their digital accounts"}, {"start": "00:05:22", "end": "00:05:26", "text": "to their own"}, {"start": "00:05:24", "end": "00:05:30", "text": "non-custodial"}, {"start": "00:05:26", "end": "00:05:31", "text": "or self-custodial wallets. All right."}, {"start": "00:05:30", "end": "00:05:33", "text": "That's an interesting take considering"}, {"start": "00:05:31", "end": "00:05:34", "text": "the fact that Russia,"}, {"start": "00:05:33", "end": "00:05:37", "text": "and this they went through their central"}, {"start": "00:05:34", "end": "00:05:40", "text": "banking, clears Sberbank"}, {"start": "00:05:37", "end": "00:05:41", "text": "for crypto trading ahead of December"}, {"start": "00:05:40", "end": "00:05:44", "text": "launch."}, {"start": "00:05:41", "end": "00:05:45", "text": "So, when we talked about this yesterday,"}, {"start": "00:05:44", "end": "00:05:46", "text": "I was kind of like,"}, {"start": "00:05:45", "end": "00:05:48", "text": "actually, no, a couple days ago, I"}, {"start": "00:05:46", "end": "00:05:50", "text": "should sorry. We talked about how this"}, {"start": "00:05:48", "end": "00:05:51", "text": "is like a move in the right direction."}, {"start": "00:05:50", "end": "00:05:53", "text": "We've got a bank who's going to offer"}, {"start": "00:05:51", "end": "00:05:54", "text": "the different services, and it could be"}, {"start": "00:05:53", "end": "00:05:56", "text": "host different services. It could be"}, {"start": "00:05:54", "end": "00:05:58", "text": "custodial services, it could be loans,"}, {"start": "00:05:56", "end": "00:06:00", "text": "it could be transfers. And I was like,"}, {"start": "00:05:58", "end": "00:06:01", "text": "this is great."}, {"start": "00:06:00", "end": "00:06:05", "text": "And then we got this, and I'm like,"}, {"start": "00:06:01", "end": "00:06:07", "text": "that's not so great. Why is it? Well,"}, {"start": "00:06:05", "end": "00:06:09", "text": "there's a lot of different reasons. And"}, {"start": "00:06:07", "end": "00:06:11", "text": "really it comes down to"}, {"start": "00:06:09", "end": "00:06:12", "text": "do they think they're going to get away"}, {"start": "00:06:11", "end": "00:06:13", "text": "with it?"}, {"start": "00:06:12", "end": "00:06:15", "text": "Well, in the first part it is. I'm going"}, {"start": "00:06:13", "end": "00:06:16", "text": "to I'm going to show you two different"}, {"start": "00:06:15", "end": "00:06:19", "text": "versions"}, {"start": "00:06:16", "end": "00:06:23", "text": "of the same story that happened before."}, {"start": "00:06:19", "end": "00:06:25", "text": "One in China, one in Nigeria. And and as"}, {"start": "00:06:23", "end": "00:06:26", "text": "it states here, bans don't kill crypto."}, {"start": "00:06:25", "end": "00:06:28", "text": "It does make it go underground"}, {"start": "00:06:26", "end": "00:06:29", "text": "invisible."}, {"start": "00:06:28", "end": "00:06:30", "text": "And then it grows and grows, and then"}, {"start": "00:06:29", "end": "00:06:32", "text": "they accept it."}, {"start": "00:06:30", "end": "00:06:34", "text": "It's kind of like that old adage, you"}, {"start": "00:06:32", "end": "00:06:38", "text": "know, first they laugh at you,"}, {"start": "00:06:34", "end": "00:06:40", "text": "and they fight you, and then you win."}, {"start": "00:06:38", "end": "00:06:43", "text": "We are in the fighting part."}, {"start": "00:06:40", "end": "00:06:45", "text": "And we are just a bit away, just like"}, {"start": "00:06:43", "end": "00:06:47", "text": "Elon in the Roadster. Anyhow,"}, {"start": "00:06:45", "end": "00:06:50", "text": "so China, the ban itself was uh it shut"}, {"start": "00:06:47", "end": "00:06:51", "text": "down every crypto exchange in 2017."}, {"start": "00:06:50", "end": "00:06:52", "text": "Remember those days? And everybody was"}, {"start": "00:06:51", "end": "00:06:55", "text": "freaking out like, oh, China's such a"}, {"start": "00:06:52", "end": "00:06:57", "text": "big conglomerate and huge aspect of uh"}, {"start": "00:06:55", "end": "00:06:58", "text": "global economy, we'll never recover from"}, {"start": "00:06:57", "end": "00:06:59", "text": "that."}, {"start": "00:06:58", "end": "00:07:01", "text": "Sure."}, {"start": "00:06:59", "end": "00:07:04", "text": "They banned mining and all crypto"}, {"start": "00:07:01", "end": "00:07:05", "text": "trading also in 2021. Seemed to work out"}, {"start": "00:07:04", "end": "00:07:07", "text": "just fine."}, {"start": "00:07:05", "end": "00:07:09", "text": "So, on paper, we're great. The Yuan"}, {"start": "00:07:07", "end": "00:07:12", "text": "share of Bitcoin trading went from 90%"}, {"start": "00:07:09", "end": "00:07:15", "text": "to under 1% in no time whatsoever."}, {"start": "00:07:12", "end": "00:07:18", "text": "China's share of mining or Bitcoin"}, {"start": "00:07:15", "end": "00:07:21", "text": "mining went from 34% to 0% in a month"}, {"start": "00:07:18", "end": "00:07:24", "text": "when they enforced the ban. But here's"}, {"start": "00:07:21", "end": "00:07:26", "text": "what happened. What it really did was it"}, {"start": "00:07:24", "end": "00:07:28", "text": "just made everything go underground. So,"}, {"start": "00:07:26", "end": "00:07:31", "text": "75 billion went into underground OTC"}, {"start": "00:07:28", "end": "00:07:34", "text": "brokers in just 9 months. And then,"}, {"start": "00:07:31", "end": "00:07:37", "text": "as of a couple, well, roughly now, they"}, {"start": "00:07:34", "end": "00:07:40", "text": "are number two mining hub in the world"}, {"start": "00:07:37", "end": "00:07:41", "text": "within months, or 21%"}, {"start": "00:07:40", "end": "00:07:43", "text": "of the Bitcoin mining operation. Now, I"}, {"start": "00:07:41", "end": "00:07:45", "text": "think the the majority of the Bitcoin"}, {"start": "00:07:43", "end": "00:07:46", "text": "mining goes down in uh United States."}, {"start": "00:07:45", "end": "00:07:47", "text": "You can correct me in the comments"}, {"start": "00:07:46", "end": "00:07:49", "text": "section. That's what I've seen as far as"}, {"start": "00:07:47", "end": "00:07:50", "text": "like the data. Could be wrong. But you"}, {"start": "00:07:49", "end": "00:07:52", "text": "got number two is China and they just"}, {"start": "00:07:50", "end": "00:07:54", "text": "banned it."}, {"start": "00:07:52", "end": "00:07:57", "text": "So, again, things just go under"}, {"start": "00:07:54", "end": "00:07:59", "text": "underground. Then we also have Nigeria,"}, {"start": "00:07:57", "end": "00:08:01", "text": "same thing. 2021 2024, banks told to cut"}, {"start": "00:07:59", "end": "00:08:04", "text": "off exchange in 2021."}, {"start": "00:08:01", "end": "00:08:05", "text": "Binance got kicked out and an executive"}, {"start": "00:08:04", "end": "00:08:08", "text": "at a centralized exchange was actually"}, {"start": "00:08:05", "end": "00:08:09", "text": "jailed in 2024. On paper, we're great."}, {"start": "00:08:08", "end": "00:08:12", "text": "Exchanges lost their bank accounts."}, {"start": "00:08:09", "end": "00:08:15", "text": "Binance dropped the naira completely. I"}, {"start": "00:08:12", "end": "00:08:18", "text": "believe that is the currency Nigeria."}, {"start": "00:08:15", "end": "00:08:19", "text": "But what it really did, 27% jump"}, {"start": "00:08:18", "end": "00:08:20", "text": ">> [laughter]"}, {"start": "00:08:19", "end": "00:08:23", "text": ">> in peer-to-peer Bitcoin trading after"}, {"start": "00:08:20", "end": "00:08:25", "text": "the 2021 ban and number two in the world"}, {"start": "00:08:23", "end": "00:08:27", "text": "for crypto adoption. So, again, when you"}, {"start": "00:08:25", "end": "00:08:28", "text": "start to force things underground,"}, {"start": "00:08:27", "end": "00:08:30", "text": "and you and you say you can only do it"}, {"start": "00:08:28", "end": "00:08:33", "text": "this way,"}, {"start": "00:08:30", "end": "00:08:34", "text": "it's a funny thing, people go, \"No,"}, {"start": "00:08:33", "end": "00:08:37", "text": "we're going to do it this way.\" So, then"}, {"start": "00:08:34", "end": "00:08:40", "text": "next up, we got this Russia ban, which"}, {"start": "00:08:37", "end": "00:08:42", "text": "happens on July 1st. So, if you think"}, {"start": "00:08:40", "end": "00:08:44", "text": "about it, Russia closed the back door,"}, {"start": "00:08:42", "end": "00:08:46", "text": "which would be the centralized exchanges"}, {"start": "00:08:44", "end": "00:08:47", "text": "in DeFi, and they open up the front"}, {"start": "00:08:46", "end": "00:08:49", "text": "door, which is the bank. Like, \"Look,"}, {"start": "00:08:47", "end": "00:08:51", "text": "you can't trade over there. Come over"}, {"start": "00:08:49", "end": "00:08:52", "text": "here to a regulated place.\""}, {"start": "00:08:51", "end": "00:08:55", "text": "And I took a look and I couldn't find"}, {"start": "00:08:52", "end": "00:08:57", "text": "exactly the exact reason"}, {"start": "00:08:55", "end": "00:08:59", "text": "for why they said this other than a, you"}, {"start": "00:08:57", "end": "00:09:01", "text": "know, crazy just this is what we do here"}, {"start": "00:08:59", "end": "00:09:03", "text": "in Russia. So, there's three reasons I"}, {"start": "00:09:01", "end": "00:09:05", "text": "can I can see them trying to do this."}, {"start": "00:09:03", "end": "00:09:08", "text": "Reason one is control."}, {"start": "00:09:05", "end": "00:09:10", "text": "Every trade is tied to your ID and of"}, {"start": "00:09:08", "end": "00:09:11", "text": "course can be frozen."}, {"start": "00:09:10", "end": "00:09:13", "text": "That's"}, {"start": "00:09:11", "end": "00:09:14", "text": "uh is a nice little KYC AML service"}, {"start": "00:09:13", "end": "00:09:16", "text": "right there and of course they can"}, {"start": "00:09:14", "end": "00:09:17", "text": "freeze all the different stablecoins"}, {"start": "00:09:16", "end": "00:09:20", "text": "that are there."}, {"start": "00:09:17", "end": "00:09:22", "text": "And the coins can't leave the bank."}, {"start": "00:09:20", "end": "00:09:24", "text": "Oh, coins that can't leave the bank,"}, {"start": "00:09:22", "end": "00:09:26", "text": "excuse me, can't leave Russia."}, {"start": "00:09:24", "end": "00:09:27", "text": "Reason number two is taxes. We have the"}, {"start": "00:09:26", "end": "00:09:30", "text": "same issue here in Puerto Rico. If you"}, {"start": "00:09:27", "end": "00:09:32", "text": "start to do everything in cash, guess"}, {"start": "00:09:30", "end": "00:09:33", "text": "what? Real hard to track."}, {"start": "00:09:32", "end": "00:09:34", "text": "Real hard to track those cash"}, {"start": "00:09:33", "end": "00:09:37", "text": "transactions for goods and services. And"}, {"start": "00:09:34", "end": "00:09:39", "text": "because of that, guess what?"}, {"start": "00:09:37", "end": "00:09:41", "text": "Not as much tax revenue generated. So,"}, {"start": "00:09:39", "end": "00:09:43", "text": "reason number two, taxes. Banks can"}, {"start": "00:09:41", "end": "00:09:45", "text": "report every trade to the tax office."}, {"start": "00:09:43", "end": "00:09:47", "text": "Peer-to-peer gains were a blind spot,"}, {"start": "00:09:45", "end": "00:09:48", "text": "not anymore. And number three, and this"}, {"start": "00:09:47", "end": "00:09:50", "text": "might be a long shot, but I thought it"}, {"start": "00:09:48", "end": "00:09:52", "text": "would make a lot of sense."}, {"start": "00:09:50", "end": "00:09:54", "text": "Keep out the US dollar. If you take a"}, {"start": "00:09:52", "end": "00:09:58", "text": "look at the two big stable coins in the"}, {"start": "00:09:54", "end": "00:10:00", "text": "world, what are they? USDC and Tether."}, {"start": "00:09:58", "end": "00:10:03", "text": "And what are they backed by? US dollar"}, {"start": "00:10:00", "end": "00:10:06", "text": "and treasuries. So, if Russia really"}, {"start": "00:10:03", "end": "00:10:09", "text": "wants to, you know, minimize the the"}, {"start": "00:10:06", "end": "00:10:11", "text": "amount of of circulating supply of of"}, {"start": "00:10:09", "end": "00:10:12", "text": "the US dollar essentially, especially in"}, {"start": "00:10:11", "end": "00:10:14", "text": "the stables, they're probably want to"}, {"start": "00:10:12", "end": "00:10:16", "text": "get rid of that. So, the bet is"}, {"start": "00:10:14", "end": "00:10:17", "text": "Russia will use the Russians will use"}, {"start": "00:10:16", "end": "00:10:19", "text": "the front door, or will they go"}, {"start": "00:10:17", "end": "00:10:20", "text": "underground like China? I personally"}, {"start": "00:10:19", "end": "00:10:21", "text": "think they'll probably go underground."}, {"start": "00:10:20", "end": "00:10:23", "text": "Anyhow,"}, {"start": "00:10:21", "end": "00:10:24", "text": "let me know what you think about that in"}, {"start": "00:10:23", "end": "00:10:25", "text": "the comment section. We'll get to that"}, {"start": "00:10:24", "end": "00:10:29", "text": "in the Q&A, and we'll I'll ask you the"}, {"start": "00:10:25", "end": "00:10:31", "text": "same thing. But, to finish this up,"}, {"start": "00:10:29", "end": "00:10:32", "text": "you can't stop it."}, {"start": "00:10:31", "end": "00:10:34", "text": "You can't stop it, and this is where"}, {"start": "00:10:32", "end": "00:10:36", "text": "we're at."}, {"start": "00:10:34", "end": "00:10:39", "text": "Mastercard is bringing stablecoin"}, {"start": "00:10:36", "end": "00:10:40", "text": "balance into traditional banking and to"}, {"start": "00:10:39", "end": "00:10:42", "text": "card payments."}, {"start": "00:10:40", "end": "00:10:44", "text": "So, Mastercard is expanding its role in"}, {"start": "00:10:42", "end": "00:10:46", "text": "stablecoin payments. And again, like"}, {"start": "00:10:44", "end": "00:10:48", "text": "we've said on this channel many a time,"}, {"start": "00:10:46", "end": "00:10:49", "text": "the new narrative for this cycle is"}, {"start": "00:10:48", "end": "00:10:51", "text": "going to be"}, {"start": "00:10:49", "end": "00:10:53", "text": "payments,"}, {"start": "00:10:51", "end": "00:10:54", "text": "tokenization of real-world assets. And"}, {"start": "00:10:53", "end": "00:10:59", "text": "I've recently added a one that made a"}, {"start": "00:10:54", "end": "00:11:00", "text": "lot of sense, which is AI agent"}, {"start": "00:10:59", "end": "00:11:02", "text": "payments."}, {"start": "00:11:00", "end": "00:11:04", "text": "I think that's going to be the big play."}, {"start": "00:11:02", "end": "00:11:05", "text": "So, you got three to choose from, and"}, {"start": "00:11:04", "end": "00:11:06", "text": "Mastercard and Visa are proving us"}, {"start": "00:11:05", "end": "00:11:08", "text": "right."}, {"start": "00:11:06", "end": "00:11:09", "text": "This makes it easier for companies to"}, {"start": "00:11:08", "end": "00:11:11", "text": "offer stablecoin payments without"}, {"start": "00:11:09", "end": "00:11:13", "text": "building their own infrastructure. This"}, {"start": "00:11:11", "end": "00:11:14", "text": "new platform from Mastercard and BVNK"}, {"start": "00:11:13", "end": "00:11:16", "text": "Bank."}, {"start": "00:11:14", "end": "00:11:18", "text": "The service connects to Mastercard Move."}, {"start": "00:11:16", "end": "00:11:20", "text": "Let me rephrase Let me say that again."}, {"start": "00:11:18", "end": "00:11:21", "text": "Mastercard Move."}, {"start": "00:11:20", "end": "00:11:23", "text": "Remember that."}, {"start": "00:11:21", "end": "00:11:25", "text": "The company's global money transfer"}, {"start": "00:11:23", "end": "00:11:27", "text": "network. You can route which can route"}, {"start": "00:11:25", "end": "00:11:29", "text": "payments to more than 17 billion"}, {"start": "00:11:27", "end": "00:11:31", "text": "destinations, including bank accounts"}, {"start": "00:11:29", "end": "00:11:34", "text": "and cards. It also connects stablecoin"}, {"start": "00:11:31", "end": "00:11:37", "text": "balances to Mastercard's merchant"}, {"start": "00:11:34", "end": "00:11:39", "text": "network. Now they're actually able"}, {"start": "00:11:37", "end": "00:11:41", "text": "to pay somebody for goods and services"}, {"start": "00:11:39", "end": "00:11:44", "text": "right along with everything else. And I"}, {"start": "00:11:41", "end": "00:11:46", "text": "will tell you, if they're able to offer"}, {"start": "00:11:44", "end": "00:11:48", "text": "that service for less than, oh, I don't"}, {"start": "00:11:46", "end": "00:11:50", "text": "know, Stripe and what PayPal and"}, {"start": "00:11:48", "end": "00:11:52", "text": "maybe the other different payment"}, {"start": "00:11:50", "end": "00:11:54", "text": "processors, which is 2.9% plus 30 cents"}, {"start": "00:11:52", "end": "00:11:56", "text": "per transaction fee, and they can say,"}, {"start": "00:11:54", "end": "00:11:59", "text": "\"Hey, you know what? How about 0.5%?\""}, {"start": "00:11:56", "end": "00:12:00", "text": "Sure, let's do it. You can do that,"}, {"start": "00:11:59", "end": "00:12:03", "text": "guess where everybody moves to."}, {"start": "00:12:00", "end": "00:12:04", "text": "Anyhow, we'll see."}, {"start": "00:12:03", "end": "00:12:06", "text": "Uh"}, {"start": "00:12:04", "end": "00:12:08", "text": "Cosmo period. And lastly, it also puts"}, {"start": "00:12:06", "end": "00:12:10", "text": "Mastercard in closer competition with"}, {"start": "00:12:08", "end": "00:12:12", "text": "Visa, which launched a platform in July"}, {"start": "00:12:10", "end": "00:12:14", "text": "that lets financial institutions hold,"}, {"start": "00:12:12", "end": "00:12:18", "text": "mint, and transfer stablecoins. So, two"}, {"start": "00:12:14", "end": "00:12:19", "text": "things on that. Visa, Mastercard."}, {"start": "00:12:18", "end": "00:12:21", "text": "You know where I'm going to go with"}, {"start": "00:12:19", "end": "00:12:24", "text": "this. Visa on-chain analytics, they're"}, {"start": "00:12:21", "end": "00:12:26", "text": "tracking all that. Tether and"}, {"start": "00:12:24", "end": "00:12:30", "text": "and USDC, which is essentially, I want"}, {"start": "00:12:26", "end": "00:12:33", "text": "to say, 90% of all stablecoin trades"}, {"start": "00:12:30", "end": "00:12:34", "text": "by volume is number one and number two."}, {"start": "00:12:33", "end": "00:12:36", "text": "If we take a look at which rails they're"}, {"start": "00:12:34", "end": "00:12:38", "text": "on, they're on the best. Binance,"}, {"start": "00:12:36", "end": "00:12:41", "text": "Ethereum, Solana, Tron. That's what"}, {"start": "00:12:38", "end": "00:12:42", "text": "they're at for 12 months. That's what"}, {"start": "00:12:41", "end": "00:12:44", "text": "they're roughly at at 6 months. I think"}, {"start": "00:12:42", "end": "00:12:45", "text": "maybe base No, base didn't move in,"}, {"start": "00:12:44", "end": "00:12:47", "text": "sorry."}, {"start": "00:12:45", "end": "00:12:49", "text": "Uh 3 months, no,"}, {"start": "00:12:47", "end": "00:12:50", "text": "yeah, same thing. Binance, Ethereum,"}, {"start": "00:12:49", "end": "00:12:51", "text": "Solana, Tron."}, {"start": "00:12:50", "end": "00:12:53", "text": "And then the last month, yeah, it's the"}, {"start": "00:12:51", "end": "00:12:54", "text": "same thing again. Binance, Ethereum,"}, {"start": "00:12:53", "end": "00:12:56", "text": "Solana, Tron. So, the question you have"}, {"start": "00:12:54", "end": "00:12:58", "text": "to ask is, well, what are the rails for"}, {"start": "00:12:56", "end": "00:13:00", "text": "Mastercard, Rob? Great question."}, {"start": "00:12:58", "end": "00:13:01", "text": "And Mastercard move, like what we just"}, {"start": "00:13:00", "end": "00:13:02", "text": "talked about,"}, {"start": "00:13:01", "end": "00:13:04", "text": "these are the supported blockchains and"}, {"start": "00:13:02", "end": "00:13:06", "text": "networks. Binance, Ethereum, Solana,"}, {"start": "00:13:04", "end": "00:13:09", "text": "Tron. Plus"}, {"start": "00:13:06", "end": "00:13:12", "text": "Arbitrum, Base, and Polygon. I like"}, {"start": "00:13:09", "end": "00:13:13", "text": "that. So, congratulations. Looks like"}, {"start": "00:13:12", "end": "00:13:15", "text": "winners are being chosen for the"}, {"start": "00:13:13", "end": "00:13:17", "text": "payments department. And just to verify,"}, {"start": "00:13:15", "end": "00:13:18", "text": "I'd take a look at this. This is from"}, {"start": "00:13:17", "end": "00:13:20", "text": "mastercard.com."}, {"start": "00:13:18", "end": "00:13:22", "text": "Connects across leading blockchain"}, {"start": "00:13:20", "end": "00:13:23", "text": "ecosystems, consistent integration"}, {"start": "00:13:22", "end": "00:13:25", "text": "including"}, {"start": "00:13:23", "end": "00:13:25", "text": "Binance, Ethereum, Solana, Tron."}, {"start": "00:13:25", "end": "00:13:27", "text": ">> [laughter]"}, {"start": "00:13:25", "end": "00:13:28", "text": ">> Arbitrum,"}, {"start": "00:13:27", "end": "00:13:29", "text": "Polygon, and Base."}, {"start": "00:13:28", "end": "00:13:31", "text": "So, if you're looking for the next"}, {"start": "00:13:29", "end": "00:13:33", "text": "thing, that might be something to add"}, {"start": "00:13:31", "end": "00:13:35", "text": "into your repertoire, and we'll go from"}, {"start": "00:13:33", "end": "00:13:36", "text": "there. So, anyhow, let me know what you"}, {"start": "00:13:35", "end": "00:13:38", "text": "think about that in the comments"}, {"start": "00:13:36", "end": "00:13:40", "text": "section. And lastly, lastly, I swear to"}, {"start": "00:13:38", "end": "00:13:44", "text": "lastly, I always say lastly."}, {"start": "00:13:40", "end": "00:13:46", "text": "But, uh shout out to Baby Cash Cat."}, {"start": "00:13:44", "end": "00:13:48", "text": "It's a meme coin. West is heavily"}, {"start": "00:13:46", "end": "00:13:50", "text": "involved over at Smart Money Tracking."}, {"start": "00:13:48", "end": "00:13:52", "text": "But, uh they did donate a thousand"}, {"start": "00:13:50", "end": "00:13:55", "text": "dollars to the animal shelter. And I"}, {"start": "00:13:52", "end": "00:13:57", "text": "will say, I want to say thank you"}, {"start": "00:13:55", "end": "00:13:59", "text": "for uh the donation of a thousand"}, {"start": "00:13:57", "end": "00:14:02", "text": "dollars. That's great. If you don't"}, {"start": "00:13:59", "end": "00:14:04", "text": "know, uh over here as far as uh"}, {"start": "00:14:02", "end": "00:14:07", "text": "donations,"}, {"start": "00:14:04", "end": "00:14:09", "text": "uh we are putting together"}, {"start": "00:14:07", "end": "00:14:11", "text": "everything we need to do to move the"}, {"start": "00:14:09", "end": "00:14:13", "text": "animal shelter from its current location"}, {"start": "00:14:11", "end": "00:14:15", "text": "to another location here in Puerto Rico."}, {"start": "00:14:13", "end": "00:14:18", "text": "And we're trying to get uh those 70,"}, {"start": "00:14:15", "end": "00:14:20", "text": "actually now it's with Russ's, it's like"}, {"start": "00:14:18", "end": "00:14:22", "text": "uh 228 dogs"}, {"start": "00:14:20", "end": "00:14:24", "text": "to a new place, or we send them to kill"}, {"start": "00:14:22", "end": "00:14:26", "text": "shelter."}, {"start": "00:14:24", "end": "00:14:27", "text": "And that's never good. And uh we did a"}, {"start": "00:14:26", "end": "00:14:28", "text": "20-hour live stream. I just want to say"}, {"start": "00:14:27", "end": "00:14:32", "text": "thanks everybody. The land has been"}, {"start": "00:14:28", "end": "00:14:34", "text": "purchased. We are moving things around."}, {"start": "00:14:32", "end": "00:14:35", "text": "Uh we are flattening everything out. We"}, {"start": "00:14:34", "end": "00:14:37", "text": "are putting in the electrical wiring."}, {"start": "00:14:35", "end": "00:14:38", "text": "We're putting in the plumbing. And"}, {"start": "00:14:37", "end": "00:14:39", "text": "hopefully in the next three or four"}, {"start": "00:14:38", "end": "00:14:41", "text": "months, we can have all the dogs moved"}, {"start": "00:14:39", "end": "00:14:42", "text": "over there. And that's it for today. So,"}, {"start": "00:14:41", "end": "00:14:43", "text": "look,"}, {"start": "00:14:42", "end": "00:14:45", "text": "if you like today's video, give it a"}, {"start": "00:14:43", "end": "00:14:47", "text": "thumbs up. Consider subscribing. What we"}, {"start": "00:14:45", "end": "00:14:48", "text": "talk about is time sensitive."}, {"start": "00:14:47", "end": "00:14:50", "text": "Now, we'll get into a little Q&A, answer"}, {"start": "00:14:48", "end": "00:14:53", "text": "all your questions, and then we'll go"}, {"start": "00:14:50", "end": "00:14:53", "text": "from there. All right."}, {"start": "00:14:54", "end": "00:14:59", "text": "Uh still no love for Tesla."}, {"start": "00:14:57", "end": "00:15:00", "text": "Tesla's great. I mean,"}, {"start": "00:14:59", "end": "00:15:03", "text": "I got to tell you, I've seen a lot of"}, {"start": "00:15:00", "end": "00:15:06", "text": "the uh accident videos on X, and it"}, {"start": "00:15:03", "end": "00:15:08", "text": "makes a very compelling case"}, {"start": "00:15:06", "end": "00:15:09", "text": "to buy a Tesla."}, {"start": "00:15:08", "end": "00:15:12", "text": "Just saying."}, {"start": "00:15:09", "end": "00:15:14", "text": "Expensive. I mean, I uh I have a I have"}, {"start": "00:15:12", "end": "00:15:16", "text": "a sweet sweet uh"}, {"start": "00:15:14", "end": "00:15:18", "text": "Dodge Grand Caravan minivan,"}, {"start": "00:15:16", "end": "00:15:20", "text": "which is paid for, which is very nice."}, {"start": "00:15:18", "end": "00:15:21", "text": "But, you know, it does me no good if"}, {"start": "00:15:20", "end": "00:15:24", "text": "someone, you know,"}, {"start": "00:15:21", "end": "00:15:26", "text": "T-bones me and cuts the thing in half."}, {"start": "00:15:24", "end": "00:15:28", "text": "Kind of important to stay around as long"}, {"start": "00:15:26", "end": "00:15:31", "text": "as you can."}, {"start": "00:15:28", "end": "00:15:33", "text": "Let's see. Early livestream today? Yeah,"}, {"start": "00:15:31", "end": "00:15:35", "text": "early livestream. It's Friday."}, {"start": "00:15:33", "end": "00:15:36", "text": "The longer or the later we do things,"}, {"start": "00:15:35", "end": "00:15:38", "text": "the more people are out doing their"}, {"start": "00:15:36", "end": "00:15:41", "text": "other stuff. So, we try to catch it"}, {"start": "00:15:38", "end": "00:15:43", "text": "early. Saturday, same type of thing."}, {"start": "00:15:41", "end": "00:15:44", "text": "And we'll go from there. Of course,"}, {"start": "00:15:43", "end": "00:15:48", "text": "Sunday we have"}, {"start": "00:15:44", "end": "00:15:48", "text": "as ever with Jerry from Costa Rica."}, {"start": "00:15:49", "end": "00:15:54", "text": "Bobby only has love for EOS and Enron."}, {"start": "00:15:52", "end": "00:15:55", "text": "Bobby. Bobby wouldn't even"}, {"start": "00:15:54", "end": "00:15:58", "text": "I don't think Bobby would be even"}, {"start": "00:15:55", "end": "00:16:00", "text": "interested in those two. He said he goes"}, {"start": "00:15:58", "end": "00:16:01", "text": "hard for degenerate stuff. If you guys"}, {"start": "00:16:00", "end": "00:16:02", "text": "don't know my friend Bobby, he's a"}, {"start": "00:16:01", "end": "00:16:04", "text": "degenerate gambler."}, {"start": "00:16:02", "end": "00:16:06", "text": "And he likes to get into the craziest of"}, {"start": "00:16:04", "end": "00:16:07", "text": "things, but uh"}, {"start": "00:16:06", "end": "00:16:09", "text": "you know"}, {"start": "00:16:07", "end": "00:16:11", "text": "he was he was sucking for a while, but"}, {"start": "00:16:09", "end": "00:16:13", "text": "he figured out how to sell things and"}, {"start": "00:16:11", "end": "00:16:14", "text": "now he's doing just fine. That's the big"}, {"start": "00:16:13", "end": "00:16:15", "text": "thing."}, {"start": "00:16:14", "end": "00:16:17", "text": "Do you know when to sell? Cuz we all"}, {"start": "00:16:15", "end": "00:16:19", "text": "know how to like dollar cost average and"}, {"start": "00:16:17", "end": "00:16:21", "text": "stuff like that. We know how to buy. We"}, {"start": "00:16:19", "end": "00:16:23", "text": "can buy with the best of them."}, {"start": "00:16:21", "end": "00:16:25", "text": "But it's all about going well. If it did"}, {"start": "00:16:23", "end": "00:16:27", "text": "a one if it did a two X, why can't it do"}, {"start": "00:16:25", "end": "00:16:30", "text": "a four X? And if it did a four X, why"}, {"start": "00:16:27", "end": "00:16:31", "text": "can't it do a 10 X? If it did a 10 X"}, {"start": "00:16:30", "end": "00:16:33", "text": "you know."}, {"start": "00:16:31", "end": "00:16:34", "text": "So, nobody wants to sell"}, {"start": "00:16:33", "end": "00:16:35", "text": "when they get to that point. Then they"}, {"start": "00:16:34", "end": "00:16:38", "text": "round trip everything."}, {"start": "00:16:35", "end": "00:16:42", "text": "That's why I'm using I Trust's AI"}, {"start": "00:16:38", "end": "00:16:45", "text": "platform. Q."}, {"start": "00:16:42", "end": "00:16:47", "text": "Hyperloop, Boring Company? Yeah."}, {"start": "00:16:45", "end": "00:16:50", "text": "All great companies. You know, if you go"}, {"start": "00:16:47", "end": "00:16:51", "text": "on X right now, you see all the"}, {"start": "00:16:50", "end": "00:16:54", "text": "all the people who talked negatively"}, {"start": "00:16:51", "end": "00:16:55", "text": "about Elon, called him a and an"}, {"start": "00:16:54", "end": "00:16:59", "text": "idiot."}, {"start": "00:16:55", "end": "00:17:00", "text": "And and they they back dropped that"}, {"start": "00:16:59", "end": "00:17:01", "text": "that video that we saw. I got to tell"}, {"start": "00:17:00", "end": "00:17:04", "text": "you, I mean I don't know where that guy"}, {"start": "00:17:01", "end": "00:17:05", "text": "finds the energy"}, {"start": "00:17:04", "end": "00:17:08", "text": "and the direction to start all those"}, {"start": "00:17:05", "end": "00:17:10", "text": "companies. I have little tiny companies"}, {"start": "00:17:08", "end": "00:17:11", "text": "and I'm exhausted."}, {"start": "00:17:10", "end": "00:17:12", "text": "Let's see."}, {"start": "00:17:11", "end": "00:17:13", "text": ">> [laughter]"}, {"start": "00:17:12", "end": "00:17:16", "text": ">> I thought you already discovered that"}, {"start": "00:17:13", "end": "00:17:17", "text": "Bobby's actually Rob. No."}, {"start": "00:17:16", "end": "00:17:19", "text": "Maybe. No."}, {"start": "00:17:17", "end": "00:17:22", "text": "Possibly."}, {"start": "00:17:19", "end": "00:17:22", "text": "Cremators here, that's good."}, {"start": "00:17:23", "end": "00:17:27", "text": "The hell with Enron. Still burns after"}, {"start": "00:17:25", "end": "00:17:29", "text": "all these years. See?"}, {"start": "00:17:27", "end": "00:17:30", "text": "Lord"}, {"start": "00:17:29", "end": "00:17:32", "text": "has experience."}, {"start": "00:17:30", "end": "00:17:34", "text": "But experience is the great thing. It's"}, {"start": "00:17:32", "end": "00:17:36", "text": "the greatest teacher because uh you"}, {"start": "00:17:34", "end": "00:17:37", "text": "don't you learn from the mistakes."}, {"start": "00:17:36", "end": "00:17:39", "text": "And then the next one up, you're like,"}, {"start": "00:17:37", "end": "00:17:41", "text": "\"Okay, I'm not going to do that again.\""}, {"start": "00:17:39", "end": "00:17:43", "text": "I'm going to get the hell out. Nothing"}, {"start": "00:17:41", "end": "00:17:46", "text": "wrong with that."}, {"start": "00:17:43", "end": "00:17:46", "text": "And"}, {"start": "00:17:48", "end": "00:17:51", "text": "The Roadster from 8 years ago was"}, {"start": "00:17:49", "end": "00:17:55", "text": "beautiful. I want a one. Now they"}, {"start": "00:17:51", "end": "00:17:58", "text": "cyber-effed it up. The Cybertruck to me"}, {"start": "00:17:55", "end": "00:17:59", "text": "is the ugliest truck of all time."}, {"start": "00:17:58", "end": "00:18:00", "text": "I mean,"}, {"start": "00:17:59", "end": "00:18:01", "text": "it just is."}, {"start": "00:18:00", "end": "00:18:03", "text": "But uh"}, {"start": "00:18:01", "end": "00:18:06", "text": "but they say that the people with high"}, {"start": "00:18:03", "end": "00:18:09", "text": "intelligence, like high IQs, find the"}, {"start": "00:18:06", "end": "00:18:11", "text": "Cybertruck the most beautiful."}, {"start": "00:18:09", "end": "00:18:13", "text": "So,"}, {"start": "00:18:11", "end": "00:18:15", "text": "I just doxed myself as being a My"}, {"start": "00:18:13", "end": "00:18:16", "text": "wife thinks that the Cybertruck is the"}, {"start": "00:18:15", "end": "00:18:17", "text": "most beautiful thing"}, {"start": "00:18:16", "end": "00:18:18", "text": "greatest-looking truck of all time."}, {"start": "00:18:17", "end": "00:18:21", "text": "That'll tell you everything you need to"}, {"start": "00:18:18", "end": "00:18:21", "text": "know, right there."}, {"start": "00:18:21", "end": "00:18:25", "text": "Never buy a dog, always adopt. Exactly."}, {"start": "00:18:24", "end": "00:18:27", "text": "And then when you buy a dog, you know,"}, {"start": "00:18:25", "end": "00:18:29", "text": "you you have to deal with the genetic"}, {"start": "00:18:27", "end": "00:18:30", "text": "issues, especially with the purebreds,"}, {"start": "00:18:29", "end": "00:18:32", "text": "hip dysplasia and different problems"}, {"start": "00:18:30", "end": "00:18:34", "text": "with the"}, {"start": "00:18:32", "end": "00:18:37", "text": "musculoskeletal issues and also"}, {"start": "00:18:34", "end": "00:18:38", "text": "autoimmune disorders. So, like when"}, {"start": "00:18:37", "end": "00:18:40", "text": "you're looking for a dog, get a mutt."}, {"start": "00:18:38", "end": "00:18:42", "text": "They're the greatest. They last forever"}, {"start": "00:18:40", "end": "00:18:44", "text": "and they love you to death. Let's see."}, {"start": "00:18:42", "end": "00:18:46", "text": "And they never rug pull you. It's crazy."}, {"start": "00:18:44", "end": "00:18:48", "text": "I've been in many business deals with"}, {"start": "00:18:46", "end": "00:18:52", "text": "many dogs. Never rug pulled me. Never"}, {"start": "00:18:48", "end": "00:18:52", "text": "went back on the on the contract."}, {"start": "00:18:53", "end": "00:18:57", "text": "Yeah, dash of salt."}, {"start": "00:18:56", "end": "00:18:59", "text": "Just"}, {"start": "00:18:57", "end": "00:19:01", "text": "And this is the rumor. Joseph Kelly"}, {"start": "00:18:59", "end": "00:19:03", "text": "says, \"Just merge SpaceX and Tesla."}, {"start": "00:19:01", "end": "00:19:04", "text": "That's all I want.\" These are the things"}, {"start": "00:19:03", "end": "00:19:06", "text": "that have been"}, {"start": "00:19:04", "end": "00:19:07", "text": "rumbling out there. I know that this is"}, {"start": "00:19:06", "end": "00:19:10", "text": "Jerry's thesis."}, {"start": "00:19:07", "end": "00:19:11", "text": "He's getting heavy into uh Tesla. He's"}, {"start": "00:19:10", "end": "00:19:13", "text": "been buying Tesla for quite some time."}, {"start": "00:19:11", "end": "00:19:15", "text": "So, Jerry's happy today. I don't even"}, {"start": "00:19:13", "end": "00:19:17", "text": "know if the Does anybody know the stock"}, {"start": "00:19:15", "end": "00:19:19", "text": "price today of what Tesla's doing? I"}, {"start": "00:19:17", "end": "00:19:21", "text": "don't really check"}, {"start": "00:19:19", "end": "00:19:23", "text": "my stock portfolio"}, {"start": "00:19:21", "end": "00:19:23", "text": "like ever."}, {"start": "00:19:24", "end": "00:19:29", "text": "I just have Robinhood DCA and stuff like"}, {"start": "00:19:26", "end": "00:19:32", "text": "that. Look at this. This is great."}, {"start": "00:19:29", "end": "00:19:34", "text": "So, you just had that Roadster"}, {"start": "00:19:32", "end": "00:19:36", "text": "uh expose A and"}, {"start": "00:19:34", "end": "00:19:38", "text": "looks to be looking pretty awesome. And"}, {"start": "00:19:36", "end": "00:19:39", "text": "the stock today"}, {"start": "00:19:38", "end": "00:19:42", "text": "and it's down."}, {"start": "00:19:39", "end": "00:19:45", "text": "It's down 1.3%."}, {"start": "00:19:42", "end": "00:19:48", "text": "That's great. Over 5 days, wow, over 5"}, {"start": "00:19:45", "end": "00:19:54", "text": "days it is down almost 6%. Over a month"}, {"start": "00:19:48", "end": "00:19:54", "text": "okay. How about 6 months? Damn. 8%."}, {"start": "00:19:54", "end": "00:19:59", "text": "1 year. Look at that."}, {"start": "00:19:57", "end": "00:20:01", "text": "How about 5 years? Okay, barely making"}, {"start": "00:19:59", "end": "00:20:03", "text": "it. Huh."}, {"start": "00:20:01", "end": "00:20:04", "text": "This is why we diversify, right?"}, {"start": "00:20:03", "end": "00:20:06", "text": "It's a funny thing."}, {"start": "00:20:04", "end": "00:20:08", "text": "Like Tesla's doing great stuff, maybe a"}, {"start": "00:20:06", "end": "00:20:09", "text": "little overvaluation, I understand that,"}, {"start": "00:20:08", "end": "00:20:11", "text": "but in the long run I think it'll do"}, {"start": "00:20:09", "end": "00:20:13", "text": "just fine."}, {"start": "00:20:11", "end": "00:20:14", "text": "Do really well, actually."}, {"start": "00:20:13", "end": "00:20:17", "text": "So, it's the same thing with like"}, {"start": "00:20:14", "end": "00:20:18", "text": "Bitcoin. Why is it down?"}, {"start": "00:20:17", "end": "00:20:20", "text": "I mean, we're just kind of treading"}, {"start": "00:20:18", "end": "00:20:21", "text": "water at 80K. Or why is your altcoin"}, {"start": "00:20:20", "end": "00:20:23", "text": "down? I'm sure the reason why you"}, {"start": "00:20:21", "end": "00:20:25", "text": "invested into your specific altcoin is"}, {"start": "00:20:23", "end": "00:20:27", "text": "because it has real good fundamentals"}, {"start": "00:20:25", "end": "00:20:28", "text": "and an adoption characteristics."}, {"start": "00:20:27", "end": "00:20:29", "text": "And you have to ask yourself, well, why"}, {"start": "00:20:28", "end": "00:20:33", "text": "the hell is it like that? Well, just"}, {"start": "00:20:29", "end": "00:20:33", "text": "take a look at Tesla. Same thing."}, {"start": "00:20:33", "end": "00:20:35", "text": "Uh"}, {"start": "00:20:37", "end": "00:20:43", "text": "It used to It used to be a thing in the"}, {"start": "00:20:39", "end": "00:20:45", "text": "USA called antitrust. Yeah. Now, it's"}, {"start": "00:20:43", "end": "00:20:47", "text": "just"}, {"start": "00:20:45", "end": "00:20:49", "text": "there's a"}, {"start": "00:20:47", "end": "00:20:51", "text": "there's a a club"}, {"start": "00:20:49", "end": "00:20:52", "text": "there's a big club"}, {"start": "00:20:51", "end": "00:20:54", "text": "with big people and you ain't in it. I"}, {"start": "00:20:52", "end": "00:20:57", "text": "don't think I said that right, but"}, {"start": "00:20:54", "end": "00:20:57", "text": "that's essentially what it is."}, {"start": "00:21:01", "end": "00:21:07", "text": "I guess I'm a dumb do."}, {"start": "00:21:04", "end": "00:21:08", "text": "Yeah, and the Cybertruck is ugly."}, {"start": "00:21:07", "end": "00:21:10", "text": "And that's about it. Let's leave it"}, {"start": "00:21:08", "end": "00:21:12", "text": "there. The Cybertruck is ugly. Great."}, {"start": "00:21:10", "end": "00:21:14", "text": "Everybody's"}, {"start": "00:21:12", "end": "00:21:15", "text": "I guess low IQ like me. And that's it"}, {"start": "00:21:14", "end": "00:21:17", "text": "for today. So, everybody,"}, {"start": "00:21:15", "end": "00:21:19", "text": "like today's video, like and subscribe,"}, {"start": "00:21:17", "end": "00:21:21", "text": "all that great stuff. Also, we just"}, {"start": "00:21:19", "end": "00:21:24", "text": "dropped a uh another video over on the"}, {"start": "00:21:21", "end": "00:21:26", "text": "second channel, Dane, where I talk about"}, {"start": "00:21:24", "end": "00:21:28", "text": "uh the five things I'm using uh Claude"}, {"start": "00:21:26", "end": "00:21:30", "text": "right now. And I make it super simple."}, {"start": "00:21:28", "end": "00:21:33", "text": "It's not some long It's 6-minute long."}, {"start": "00:21:30", "end": "00:21:35", "text": "So, if you're just using a all your AI"}, {"start": "00:21:33", "end": "00:21:36", "text": "like uh"}, {"start": "00:21:35", "end": "00:21:38", "text": "you know, like super Google just asking"}, {"start": "00:21:36", "end": "00:21:39", "text": "it questions, I think you're missing"}, {"start": "00:21:38", "end": "00:21:42", "text": "some of the point. And it can really"}, {"start": "00:21:39", "end": "00:21:44", "text": "save you on a lot of things like time"}, {"start": "00:21:42", "end": "00:21:46", "text": "and headache and frustrations and"}, {"start": "00:21:44", "end": "00:21:48", "text": "stress. And I watched that video. Link's"}, {"start": "00:21:46", "end": "00:21:49", "text": "in the description for the second"}, {"start": "00:21:48", "end": "00:21:50", "text": "channel, just called five things Google"}, {"start": "00:21:49", "end": "00:21:52", "text": "can't do."}, {"start": "00:21:50", "end": "00:21:54", "text": "That's it, everybody. See you guys"}, {"start": "00:21:52", "end": "00:21:57", "text": "tomorrow. Have a great rest of your day."}, {"start": "00:21:54", "end": "00:21:57", "text": "See you in the next one. Adios."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "And then that third party was a bad"}, {"start": "00:00:01", "end": "00:00:05", "text": "actor, [music] installed uh some sort of"}, {"start": "00:00:03", "end": "00:00:07", "text": "chips into the into the cold storage"}, {"start": "00:00:05", "end": "00:00:10", "text": "devices, and then [music] drained those"}, {"start": "00:00:07", "end": "00:00:11", "text": "devices. You are trusting someone else,"}, {"start": "00:00:10", "end": "00:00:12", "text": "period. You're [music]"}, {"start": "00:00:11", "end": "00:00:14", "text": ">> Everybody here is great at buying. We"}, {"start": "00:00:12", "end": "00:00:16", "text": "can all buy dips like it's going out of"}, {"start": "00:00:14", "end": "00:00:18", "text": "style. No problems. But guess what?"}, {"start": "00:00:16", "end": "00:00:19", "text": "We're bad at selling. We have"}, {"start": "00:00:18", "end": "00:00:21", "text": "round-tripped a couple of times. And but"}, {"start": "00:00:19", "end": "00:00:23", "text": "you know who's not frustrated? [music]"}, {"start": "00:00:21", "end": "00:00:25", "text": ">> Hedge funds, institutional asset"}, {"start": "00:00:23", "end": "00:00:27", "text": "managers that refuse to leave this"}, {"start": "00:00:25", "end": "00:00:28", "text": "space. And it's because their surfboard"}, {"start": "00:00:27", "end": "00:00:30", "text": "is simply better."}, {"start": "00:00:28", "end": "00:00:32", "text": ">> All right, everybody. So, as we see the"}, {"start": "00:00:30", "end": "00:00:34", "text": "market is, of course, tumultuous and uh"}, {"start": "00:00:32", "end": "00:00:35", "text": "there is a little bit of volatility like"}, {"start": "00:00:34", "end": "00:00:35", "text": "it always is."}, {"start": "00:00:35", "end": "00:00:37", "text": ">> [music]"}, {"start": "00:00:35", "end": "00:00:38", "text": ">> So, there are some things that we need"}, {"start": "00:00:37", "end": "00:00:39", "text": "to take a look at and there's some"}, {"start": "00:00:38", "end": "00:00:41", "text": "things that we need to do to protect"}, {"start": "00:00:39", "end": "00:00:42", "text": "ourselves cuz again, it's not about how"}, {"start": "00:00:41", "end": "00:00:44", "text": "much you make, it's how much you can"}, {"start": "00:00:42", "end": "00:00:46", "text": "keep. But the whole thing about making"}, {"start": "00:00:44", "end": "00:00:48", "text": "is actually a very positive thing. So, I"}, {"start": "00:00:46", "end": "00:00:50", "text": "invited a friend of the show, Jared from"}, {"start": "00:00:48", "end": "00:00:53", "text": "my trust, head of customer relations."}, {"start": "00:00:50", "end": "00:00:55", "text": "Jared, thanks for coming back in."}, {"start": "00:00:53", "end": "00:00:56", "text": ">> Yeah, thanks for having me on as usual."}, {"start": "00:00:55", "end": "00:01:00", "text": "I mean, our clients have uh been"}, {"start": "00:00:56", "end": "00:01:03", "text": "reinvigorated over the last month or so,"}, {"start": "00:01:00", "end": "00:01:06", "text": "particularly because of how resilient"}, {"start": "00:01:03", "end": "00:01:08", "text": "and durable the crypto market has been."}, {"start": "00:01:06", "end": "00:01:11", "text": "If you were to tell someone that we"}, {"start": "00:01:08", "end": "00:01:13", "text": "would be in an a debatable rising"}, {"start": "00:01:11", "end": "00:01:15", "text": "interest rate environment"}, {"start": "00:01:13", "end": "00:01:17", "text": "with the Clarity Act failing the way"}, {"start": "00:01:15", "end": "00:01:20", "text": "that it did, and then Bitcoin would go"}, {"start": "00:01:17", "end": "00:01:22", "text": "all the way up to 87 and then crash back"}, {"start": "00:01:20", "end": "00:01:23", "text": "down to I believe it's rubbing up on"}, {"start": "00:01:22", "end": "00:01:26", "text": "81.5"}, {"start": "00:01:23", "end": "00:01:28", "text": "right now. I mean, people would be very"}, {"start": "00:01:26", "end": "00:01:31", "text": "surprised at that resilience. So, I'm"}, {"start": "00:01:28", "end": "00:01:33", "text": "not going to let a couple of red days uh"}, {"start": "00:01:31", "end": "00:01:35", "text": "get in the way of that reinvigoration."}, {"start": "00:01:33", "end": "00:01:37", "text": ">> Yeah, it's it's a it's a great thing"}, {"start": "00:01:35", "end": "00:01:38", "text": "right now. And you know, I would think"}, {"start": "00:01:37", "end": "00:01:40", "text": "that uh Q4 would have more of a"}, {"start": "00:01:38", "end": "00:01:42", "text": "pullback, but it's not to see not to be"}, {"start": "00:01:40", "end": "00:01:46", "text": "the be the case. I thought that uh"}, {"start": "00:01:42", "end": "00:01:47", "text": "Clarity would really stipen us or stifle"}, {"start": "00:01:46", "end": "00:01:50", "text": "uh what's going on, but it seems like it"}, {"start": "00:01:47", "end": "00:01:52", "text": "doesn't. And uh we're doing pretty good."}, {"start": "00:01:50", "end": "00:01:54", "text": "But again, we are in it for the long"}, {"start": "00:01:52", "end": "00:01:56", "text": "run. We are here for quite some time."}, {"start": "00:01:54", "end": "00:01:58", "text": "And I I if we do the right things at the"}, {"start": "00:01:56", "end": "00:02:01", "text": "right time with the right assets, we"}, {"start": "00:01:58", "end": "00:02:04", "text": "will be rewarded. And that would lead to"}, {"start": "00:02:01", "end": "00:02:06", "text": "the segue of"}, {"start": "00:02:04", "end": "00:02:08", "text": "the right things to do. And Jeron, this"}, {"start": "00:02:06", "end": "00:02:10", "text": "channel we've talked a lot about"}, {"start": "00:02:08", "end": "00:02:12", "text": "allocation of funds. We've talked about"}, {"start": "00:02:10", "end": "00:02:14", "text": "diversification of of those funds and"}, {"start": "00:02:12", "end": "00:02:16", "text": "also diversification of storage. So, the"}, {"start": "00:02:14", "end": "00:02:18", "text": "big thing for us is with what's going on"}, {"start": "00:02:16", "end": "00:02:19", "text": "with Ledger. I'm trying to get I also"}, {"start": "00:02:18", "end": "00:02:21", "text": "like to get your opinion about what"}, {"start": "00:02:19", "end": "00:02:23", "text": "you've talked to the customers and what"}, {"start": "00:02:21", "end": "00:02:25", "text": "they've seen with this whole thing"}, {"start": "00:02:23", "end": "00:02:27", "text": "that's going on with Ledger. There is an"}, {"start": "00:02:25", "end": "00:02:29", "text": "issue uh with some other cold storage"}, {"start": "00:02:27", "end": "00:02:30", "text": "devices, but I'm using multiple cold"}, {"start": "00:02:29", "end": "00:02:32", "text": "storage devices."}, {"start": "00:02:30", "end": "00:02:36", "text": "I'm also looking in or getting into the"}, {"start": "00:02:32", "end": "00:02:37", "text": "Bitcoin ETFs and also using you guys for"}, {"start": "00:02:36", "end": "00:02:39", "text": "uh custodial services."}, {"start": "00:02:37", "end": "00:02:41", "text": "Which which is great for me because it's"}, {"start": "00:02:39", "end": "00:02:43", "text": "the same custodial services that"}, {"start": "00:02:41", "end": "00:02:44", "text": "BlackRock is using. That's the same"}, {"start": "00:02:43", "end": "00:02:46", "text": "reason uh for Michael Saylor and"}, {"start": "00:02:44", "end": "00:02:49", "text": "MicroStrategy is using."}, {"start": "00:02:46", "end": "00:02:51", "text": "And uh it makes me have the ability to"}, {"start": "00:02:49", "end": "00:02:52", "text": "have custodial services, but"}, {"start": "00:02:51", "end": "00:02:54", "text": "when we're talking about this, what have"}, {"start": "00:02:52", "end": "00:02:55", "text": "you seen from customers right now? Are"}, {"start": "00:02:54", "end": "00:02:57", "text": "they"}, {"start": "00:02:55", "end": "00:02:58", "text": "moving into that or not really as much"}, {"start": "00:02:57", "end": "00:03:00", "text": "as as I would have thought? Cuz I'm"}, {"start": "00:02:58", "end": "00:03:01", "text": "pushing, but uh some people just don't"}, {"start": "00:03:00", "end": "00:03:04", "text": "want to."}, {"start": "00:03:01", "end": "00:03:07", "text": ">> Now, we've had a huge wave of in-kind"}, {"start": "00:03:04", "end": "00:03:09", "text": "crypto deposits over the last few"}, {"start": "00:03:07", "end": "00:03:12", "text": "months. I mean, we're talking about tens"}, {"start": "00:03:09", "end": "00:03:14", "text": "of millions of dollars per month that"}, {"start": "00:03:12", "end": "00:03:17", "text": "have been flowing into our premium"}, {"start": "00:03:14", "end": "00:03:19", "text": "custody account. And we saw a lot of"}, {"start": "00:03:17", "end": "00:03:22", "text": "that activity over the last 18 months or"}, {"start": "00:03:19", "end": "00:03:26", "text": "so purely because people feel really"}, {"start": "00:03:22", "end": "00:03:28", "text": "insecure on exchanges and they prefer"}, {"start": "00:03:26", "end": "00:03:30", "text": "institutional storage, which is what we"}, {"start": "00:03:28", "end": "00:03:32", "text": "provide through our partners Coinbase"}, {"start": "00:03:30", "end": "00:03:35", "text": "Prime, Fidelity Digital Assets, and"}, {"start": "00:03:32", "end": "00:03:37", "text": "Fireblocks. But then a lot of people"}, {"start": "00:03:35", "end": "00:03:41", "text": "also feel uncomfortable and insecure"}, {"start": "00:03:37", "end": "00:03:43", "text": "with cold storage. They get into crypto,"}, {"start": "00:03:41", "end": "00:03:45", "text": "someone tells them not your keys, not"}, {"start": "00:03:43", "end": "00:03:47", "text": "your crypto. They lead them to believe"}, {"start": "00:03:45", "end": "00:03:50", "text": "that you're not fully participating in"}, {"start": "00:03:47", "end": "00:03:53", "text": "the crypto ecosystem by not holding your"}, {"start": "00:03:50", "end": "00:03:55", "text": "own keys. And unfortunately, a lot of"}, {"start": "00:03:53", "end": "00:03:58", "text": "those people simply can't handle it."}, {"start": "00:03:55", "end": "00:03:59", "text": "They forget their PIN code. They don't"}, {"start": "00:03:58", "end": "00:04:02", "text": "even realize they need to keep their"}, {"start": "00:03:59", "end": "00:04:04", "text": "24-word seed phrase. They end up getting"}, {"start": "00:04:02", "end": "00:04:06", "text": "socially engineered or clicking on"}, {"start": "00:04:04", "end": "00:04:09", "text": "malware and then end up losing their"}, {"start": "00:04:06", "end": "00:04:12", "text": "funds. And for anyone thinks that I'm"}, {"start": "00:04:09", "end": "00:04:14", "text": "simply fear-mongering,"}, {"start": "00:04:12", "end": "00:04:17", "text": "try telling that to our clients who have"}, {"start": "00:04:14", "end": "00:04:20", "text": "told us story after story after story"}, {"start": "00:04:17", "end": "00:04:23", "text": "about how they've been impacted by this."}, {"start": "00:04:20", "end": "00:04:26", "text": "And the key, no pun intended, that we"}, {"start": "00:04:23", "end": "00:04:27", "text": "find is to simply diversify how and"}, {"start": "00:04:26", "end": "00:04:29", "text": "where"}, {"start": "00:04:27", "end": "00:04:31", "text": "you're holding your assets. So, don't"}, {"start": "00:04:29", "end": "00:04:33", "text": "just be that person that is strolling"}, {"start": "00:04:31", "end": "00:04:36", "text": "around in your horse and buggy in the"}, {"start": "00:04:33", "end": "00:04:38", "text": "1700s with all of your gold on your"}, {"start": "00:04:36", "end": "00:04:40", "text": "horse and buggy. Right? Have some in"}, {"start": "00:04:38", "end": "00:04:42", "text": "your home, have some buried in the"}, {"start": "00:04:40", "end": "00:04:45", "text": "backyard, have some in your horse and"}, {"start": "00:04:42", "end": "00:04:47", "text": "buggy, maybe have some with your family."}, {"start": "00:04:45", "end": "00:04:49", "text": "Right? Make sure you're not just keeping"}, {"start": "00:04:47", "end": "00:04:51", "text": "all your eggs in one basket. So, that's"}, {"start": "00:04:49", "end": "00:04:54", "text": "that was the the the the narrative that"}, {"start": "00:04:51", "end": "00:04:57", "text": "our clients have been impacted by over"}, {"start": "00:04:54", "end": "00:04:59", "text": "the last couple of years if not more."}, {"start": "00:04:57", "end": "00:05:02", "text": "However, this year has brought a whole"}, {"start": "00:04:59", "end": "00:05:04", "text": "other basket of issues with cold"}, {"start": "00:05:02", "end": "00:05:05", "text": "storage. We've seen cold storage"}, {"start": "00:05:04", "end": "00:05:07", "text": "providers"}, {"start": "00:05:05", "end": "00:05:10", "text": "have issues with their code that led to"}, {"start": "00:05:07", "end": "00:05:12", "text": "breaches and lost funds. We've seen cold"}, {"start": "00:05:10", "end": "00:05:14", "text": "storage providers with data breaches"}, {"start": "00:05:12", "end": "00:05:17", "text": "that led to personal information being"}, {"start": "00:05:14", "end": "00:05:19", "text": "found by bad actors. We've seen cold"}, {"start": "00:05:17", "end": "00:05:22", "text": "storage providers have their third-party"}, {"start": "00:05:19", "end": "00:05:24", "text": "email provider that sends marketing"}, {"start": "00:05:22", "end": "00:05:27", "text": "emails breached and all their clients"}, {"start": "00:05:24", "end": "00:05:30", "text": "got an email that looked legitimate from"}, {"start": "00:05:27", "end": "00:05:32", "text": "their domain that people lost funds on."}, {"start": "00:05:30", "end": "00:05:34", "text": "And then most recently, unfortunately,"}, {"start": "00:05:32", "end": "00:05:35", "text": "we saw a cold storage provider have"}, {"start": "00:05:34", "end": "00:05:38", "text": "their reseller"}, {"start": "00:05:35", "end": "00:05:42", "text": "be compromised. One of their resellers"}, {"start": "00:05:38", "end": "00:05:44", "text": "was sold uh to a third party and then"}, {"start": "00:05:42", "end": "00:05:46", "text": "that third party was a bad actor,"}, {"start": "00:05:44", "end": "00:05:48", "text": "installed uh some sort of chips into the"}, {"start": "00:05:46", "end": "00:05:51", "text": "into the cold storage devices and then"}, {"start": "00:05:48", "end": "00:05:53", "text": "drained those devices, which tells me"}, {"start": "00:05:51", "end": "00:05:58", "text": "and I've been saying this for a while,"}, {"start": "00:05:53", "end": "00:06:00", "text": "is unless you are a Bitcoin core native"}, {"start": "00:05:58", "end": "00:06:03", "text": "person, if you're a developer, if you're"}, {"start": "00:06:00", "end": "00:06:06", "text": "a solidity contract technician, if"}, {"start": "00:06:03", "end": "00:06:07", "text": "you're not someone who can go on your"}, {"start": "00:06:06", "end": "00:06:10", "text": "computer and use your keyboard to"}, {"start": "00:06:07", "end": "00:06:12", "text": "generate and secure your keys because"}, {"start": "00:06:10", "end": "00:06:15", "text": "you have that ability, you are trusting"}, {"start": "00:06:12", "end": "00:06:17", "text": "someone else, period. You're trusting an"}, {"start": "00:06:15", "end": "00:06:19", "text": "institutional storage provider, you're"}, {"start": "00:06:17", "end": "00:06:20", "text": "trusting an exchange, you're trusting a"}, {"start": "00:06:19", "end": "00:06:23", "text": "company like us, you're trusting the"}, {"start": "00:06:20", "end": "00:06:25", "text": "cold storage engineers and those and"}, {"start": "00:06:23", "end": "00:06:27", "text": "those providers. So, no matter what,"}, {"start": "00:06:25", "end": "00:06:30", "text": "you're trusting someone, so then the"}, {"start": "00:06:27", "end": "00:06:31", "text": "question becomes, who do you trust?"}, {"start": "00:06:30", "end": "00:06:33", "text": ">> And I think it's it's the big thing and"}, {"start": "00:06:31", "end": "00:06:35", "text": "let me let me push back."}, {"start": "00:06:33", "end": "00:06:36", "text": "There are some people out there who are"}, {"start": "00:06:35", "end": "00:06:38", "text": "watching this video right now, they can"}, {"start": "00:06:36", "end": "00:06:40", "text": "do that. They can do all the things that"}, {"start": "00:06:38", "end": "00:06:41", "text": "that you you've described, they can"}, {"start": "00:06:40", "end": "00:06:43", "text": "secure themselves, they can do the"}, {"start": "00:06:41", "end": "00:06:46", "text": "private keys, they can put it in"}, {"start": "00:06:43", "end": "00:06:47", "text": "storage, they can put that piece of"}, {"start": "00:06:46", "end": "00:06:50", "text": "paper in some place safe that they will"}, {"start": "00:06:47", "end": "00:06:52", "text": "never lose it, it'll never dissolve, the"}, {"start": "00:06:50", "end": "00:06:54", "text": "ink won't smudge, they do it perfectly"}, {"start": "00:06:52", "end": "00:06:56", "text": "to a T and they can do everything. And"}, {"start": "00:06:54", "end": "00:06:58", "text": "for them, I say congratulations. The"}, {"start": "00:06:56", "end": "00:07:00", "text": "problem is is that we've orange peeled a"}, {"start": "00:06:58", "end": "00:07:01", "text": "lot of people in our lives."}, {"start": "00:07:00", "end": "00:07:03", "text": "We have orange peeled our friends, we"}, {"start": "00:07:01", "end": "00:07:05", "text": "have orange peeled our families, our"}, {"start": "00:07:03", "end": "00:07:07", "text": "parents, some have even orange peeled"}, {"start": "00:07:05", "end": "00:07:08", "text": "the grandparents. The question is, are"}, {"start": "00:07:07", "end": "00:07:10", "text": "you doing everything for them that they"}, {"start": "00:07:08", "end": "00:07:11", "text": "have to do so they don't lose"}, {"start": "00:07:10", "end": "00:07:13", "text": "everything?"}, {"start": "00:07:11", "end": "00:07:14", "text": "So, I I think it's one of those things"}, {"start": "00:07:13", "end": "00:07:15", "text": "where people have to think about it."}, {"start": "00:07:14", "end": "00:07:17", "text": ">> And of course there's always somebody"}, {"start": "00:07:15", "end": "00:07:19", "text": "that says, I can do that."}, {"start": "00:07:17", "end": "00:07:21", "text": ">> Great. This is not a one-size-fits-all."}, {"start": "00:07:19", "end": "00:07:24", "text": "And this is why I like I I've been"}, {"start": "00:07:21", "end": "00:07:25", "text": "around since in the crypto since 2017"}, {"start": "00:07:24", "end": "00:07:27", "text": "and even I get nervous about this. I"}, {"start": "00:07:25", "end": "00:07:29", "text": "mean, taking a look at these types of"}, {"start": "00:07:27", "end": "00:07:31", "text": "things, if if Bitcoin goes to where we"}, {"start": "00:07:29", "end": "00:07:33", "text": "think it's going to go and fill in the"}, {"start": "00:07:31", "end": "00:07:34", "text": "blank of your favorite altcoin, you"}, {"start": "00:07:33", "end": "00:07:35", "text": "know,"}, {"start": "00:07:34", "end": "00:07:37", "text": "Binance, Ethereum, Solana, Tron,"}, {"start": "00:07:35", "end": "00:07:39", "text": "whatever else it is, what wherever it"}, {"start": "00:07:37", "end": "00:07:41", "text": "goes to, wouldn't it suck to lose"}, {"start": "00:07:39", "end": "00:07:45", "text": "everything as opposed to like just"}, {"start": "00:07:41", "end": "00:07:47", "text": "going, \"Okay, well, I had my"}, {"start": "00:07:45", "end": "00:07:50", "text": "ledger device get hacked. Now I've only"}, {"start": "00:07:47", "end": "00:07:53", "text": "got 75% of my total.\" Or for some"}, {"start": "00:07:50", "end": "00:07:54", "text": "reason, and this is a big thing, ETF"}, {"start": "00:07:53", "end": "00:07:57", "text": "custodial services haven't been hacked"}, {"start": "00:07:54", "end": "00:07:59", "text": "yet, but at some point in the future,"}, {"start": "00:07:57", "end": "00:08:02", "text": "it's going to happen because it never"}, {"start": "00:07:59", "end": "00:08:03", "text": "happened before Mount Gox. And Mount Gox"}, {"start": "00:08:02", "end": "00:08:05", "text": "wasn't going to happen again, but guess"}, {"start": "00:08:03", "end": "00:08:07", "text": "what? Celsius,"}, {"start": "00:08:05", "end": "00:08:09", "text": "FTX,"}, {"start": "00:08:07", "end": "00:08:12", "text": "BlockFi, Voyage, Voyager, you name it,"}, {"start": "00:08:09", "end": "00:08:13", "text": "they fell as well. So I think if we put"}, {"start": "00:08:12", "end": "00:08:15", "text": "things around, I think it's a better,"}, {"start": "00:08:13", "end": "00:08:17", "text": "smarter way to do things, but again,"}, {"start": "00:08:15", "end": "00:08:20", "text": "everybody can do what what they want to"}, {"start": "00:08:17", "end": "00:08:22", "text": "do. And Jared, before we we move on to"}, {"start": "00:08:20", "end": "00:08:24", "text": "the next piece, which is, you know,"}, {"start": "00:08:22", "end": "00:08:26", "text": "we're all great at buying, what about"}, {"start": "00:08:24", "end": "00:08:28", "text": "selling? Anything else you need to add"}, {"start": "00:08:26", "end": "00:08:30", "text": "here?"}, {"start": "00:08:28", "end": "00:08:34", "text": ">> Well, it's interesting that every single"}, {"start": "00:08:30", "end": "00:08:38", "text": "one of those companies and failures all"}, {"start": "00:08:34", "end": "00:08:40", "text": "had their own unique way of failing."}, {"start": "00:08:38", "end": "00:08:42", "text": "And it it right, misappropriation of"}, {"start": "00:08:40", "end": "00:08:45", "text": "user funds, misleading people about what"}, {"start": "00:08:42", "end": "00:08:45", "text": "the investments were going into,"}, {"start": "00:08:45", "end": "00:08:48", "text": "uh"}, {"start": "00:08:45", "end": "00:08:51", "text": "insecure storage solutions, and improper"}, {"start": "00:08:48", "end": "00:08:54", "text": "key management, it was just the full"}, {"start": "00:08:51", "end": "00:08:57", "text": "gamut. The ETFs are actually using the"}, {"start": "00:08:54", "end": "00:08:59", "text": "same or similar institutional storage"}, {"start": "00:08:57", "end": "00:09:00", "text": "providers that we're using in"}, {"start": "00:08:59", "end": "00:09:03", "text": "iTrustCapital."}, {"start": "00:09:00", "end": "00:09:06", "text": "Those are highly audited, stress tested,"}, {"start": "00:09:03", "end": "00:09:08", "text": "sometimes regulated entities."}, {"start": "00:09:06", "end": "00:09:10", "text": "But at the end of the day, when you're"}, {"start": "00:09:08", "end": "00:09:12", "text": "using an ETF,"}, {"start": "00:09:10", "end": "00:09:15", "text": "normally you can't even put your crypto"}, {"start": "00:09:12", "end": "00:09:16", "text": "in kind into an ETF unless you have"}, {"start": "00:09:15", "end": "00:09:19", "text": "seven figures, and then you can be an"}, {"start": "00:09:16", "end": "00:09:21", "text": "authorized participant. And then in that"}, {"start": "00:09:19", "end": "00:09:23", "text": "case, you can just do it in kind,"}, {"start": "00:09:21", "end": "00:09:24", "text": "otherwise you would have to sell, get"}, {"start": "00:09:23", "end": "00:09:27", "text": "hit with capital gains taxes"}, {"start": "00:09:24", "end": "00:09:29", "text": "potentially, and then go into the ETF."}, {"start": "00:09:27", "end": "00:09:31", "text": "But even if you're doing that, our"}, {"start": "00:09:29", "end": "00:09:34", "text": "clients, I know a lot of your listeners"}, {"start": "00:09:31", "end": "00:09:36", "text": "probably prefer spot. You know, they're"}, {"start": "00:09:34", "end": "00:09:38", "text": "crypto enthusiasts, and they they don't"}, {"start": "00:09:36", "end": "00:09:41", "text": "just want price and paper exposure. They"}, {"start": "00:09:38", "end": "00:09:42", "text": "want physical and spot exposure to the"}, {"start": "00:09:41", "end": "00:09:44", "text": "asset. They want to be able to take"}, {"start": "00:09:42", "end": "00:09:46", "text": "distribution of those assets during"}, {"start": "00:09:44", "end": "00:09:49", "text": "retirement in crypto. They want to be"}, {"start": "00:09:46", "end": "00:09:51", "text": "able to know they actually own the real"}, {"start": "00:09:49", "end": "00:09:53", "text": "thing, which is a big drawback of the"}, {"start": "00:09:51", "end": "00:09:56", "text": "ETFs. Not to mention at this point you"}, {"start": "00:09:53", "end": "00:09:57", "text": "can't trade it 24/7. So there's just,"}, {"start": "00:09:56", "end": "00:09:58", "text": "you know, kind of pros and cons"}, {"start": "00:09:57", "end": "00:09:59", "text": "everything."}, {"start": "00:09:58", "end": "00:10:00", "text": ">> Yeah, for sure. And there's one thing"}, {"start": "00:09:59", "end": "00:10:02", "text": "before we move on. There's one thing"}, {"start": "00:10:00", "end": "00:10:05", "text": "that I have to update because you said"}, {"start": "00:10:02", "end": "00:10:06", "text": "it and it made me think about this."}, {"start": "00:10:05", "end": "00:10:08", "text": "Cuz the different custodial services"}, {"start": "00:10:06", "end": "00:10:09", "text": "that we have, I'm always talking about"}, {"start": "00:10:08", "end": "00:10:11", "text": "you guys with Coinbase Prime, same thing"}, {"start": "00:10:09", "end": "00:10:12", "text": "as BlackRock and MicroStrategy, but"}, {"start": "00:10:11", "end": "00:10:15", "text": "they're using other custodial services."}, {"start": "00:10:12", "end": "00:10:17", "text": "And you said it, you said Fireblocks and"}, {"start": "00:10:15", "end": "00:10:19", "text": "I think you said Fidelity as well."}, {"start": "00:10:17", "end": "00:10:21", "text": ">> Yeah, Fidelity Digital Assets has been a"}, {"start": "00:10:19", "end": "00:10:24", "text": "partner of ours for the last couple of"}, {"start": "00:10:21", "end": "00:10:26", "text": "years. I mean, all these providers are"}, {"start": "00:10:24", "end": "00:10:28", "text": "utilizing some sort of combination of"}, {"start": "00:10:26", "end": "00:10:32", "text": "cold storage,"}, {"start": "00:10:28", "end": "00:10:35", "text": "multi-sig, HSM, multi-party computation,"}, {"start": "00:10:32", "end": "00:10:37", "text": "and they're also put under a lot of"}, {"start": "00:10:35", "end": "00:10:39", "text": "stress testing to make sure that they're"}, {"start": "00:10:37", "end": "00:10:40", "text": "keeping up with cutting-edge security"}, {"start": "00:10:39", "end": "00:10:41", "text": "practices."}, {"start": "00:10:40", "end": "00:10:43", "text": ">> Yeah, so that's that's my fault. I need"}, {"start": "00:10:41", "end": "00:10:45", "text": "to update this to include the other two"}, {"start": "00:10:43", "end": "00:10:47", "text": "because again, diversification of"}, {"start": "00:10:45", "end": "00:10:49", "text": "storage really does mean diversification"}, {"start": "00:10:47", "end": "00:10:51", "text": "of all things, especially the custodial"}, {"start": "00:10:49", "end": "00:10:52", "text": "services. Okay. So we have that and"}, {"start": "00:10:51", "end": "00:10:54", "text": "that's great. That's going to do us"}, {"start": "00:10:52", "end": "00:10:55", "text": "well. It's not about how much you how"}, {"start": "00:10:54", "end": "00:10:57", "text": "much you make, it's how much you keep,"}, {"start": "00:10:55", "end": "00:11:00", "text": "but it'd be also nice to make some"}, {"start": "00:10:57", "end": "00:11:02", "text": "things. And this is where Q comes in. AI"}, {"start": "00:11:00", "end": "00:11:05", "text": "is taking over everything. I mean, I use"}, {"start": "00:11:02", "end": "00:11:07", "text": "I use Claude for every type of situation"}, {"start": "00:11:05", "end": "00:11:08", "text": "I have in all my different businesses."}, {"start": "00:11:07", "end": "00:11:10", "text": "And you guys just rolled this out, I"}, {"start": "00:11:08", "end": "00:11:11", "text": "want to say a couple of weeks ago. It's"}, {"start": "00:11:10", "end": "00:11:14", "text": "very new."}, {"start": "00:11:11", "end": "00:11:16", "text": "And I take a look at it as like Q is"}, {"start": "00:11:14", "end": "00:11:18", "text": "kind of like the sober friend that takes"}, {"start": "00:11:16", "end": "00:11:22", "text": "your keys. Now, as a reminder,"}, {"start": "00:11:18", "end": "00:11:24", "text": "I trust is a is a channel sponsor. I use"}, {"start": "00:11:22", "end": "00:11:27", "text": "Q with my own money. Every return you"}, {"start": "00:11:24", "end": "00:11:28", "text": "see is is hypothetical backtest, so just"}, {"start": "00:11:27", "end": "00:11:30", "text": "make sure you know that. And this is not"}, {"start": "00:11:28", "end": "00:11:32", "text": "financial advice. Crypto can go go zero,"}, {"start": "00:11:30", "end": "00:11:34", "text": "do your own homework. And like I said in"}, {"start": "00:11:32", "end": "00:11:36", "text": "the beginning, everybody here is great"}, {"start": "00:11:34", "end": "00:11:37", "text": "at buying. We can all buy dips like it's"}, {"start": "00:11:36", "end": "00:11:39", "text": "going out of style. No problems. But"}, {"start": "00:11:37", "end": "00:11:41", "text": "guess what? We're bad at selling and"}, {"start": "00:11:39", "end": "00:11:43", "text": "we've round-tripped a couple of times."}, {"start": "00:11:41", "end": "00:11:45", "text": "And not everybody, I'm sure some people"}, {"start": "00:11:43", "end": "00:11:46", "text": "have sold near the top or close to the"}, {"start": "00:11:45", "end": "00:11:47", "text": "top or whatever else. They're going to"}, {"start": "00:11:46", "end": "00:11:50", "text": "tell me in the comments section how"}, {"start": "00:11:47", "end": "00:11:51", "text": "great they are. Can't wait."}, {"start": "00:11:50", "end": "00:11:53", "text": "But for me,"}, {"start": "00:11:51", "end": "00:11:57", "text": "Q that you guys rolled this out is kind"}, {"start": "00:11:53", "end": "00:11:59", "text": "of like your your DD, designated driver."}, {"start": "00:11:57", "end": "00:12:00", "text": "Because you get drunk on euphoria and"}, {"start": "00:11:59", "end": "00:12:02", "text": "you get high on hopium, especially as"}, {"start": "00:12:00", "end": "00:12:03", "text": "the bull market comes in. And then when"}, {"start": "00:12:02", "end": "00:12:04", "text": "the bear market comes in, you don't want"}, {"start": "00:12:03", "end": "00:12:05", "text": "to buy anything cuz you're like, \"Oh,"}, {"start": "00:12:04", "end": "00:12:06", "text": "it's going to keep going down. I'm going"}, {"start": "00:12:05", "end": "00:12:08", "text": "to wait till I buy.\""}, {"start": "00:12:06", "end": "00:12:11", "text": "So with Q, you guys kind of rolled this"}, {"start": "00:12:08", "end": "00:12:15", "text": "out. But generally speaking, is this"}, {"start": "00:12:11", "end": "00:12:17", "text": "right in how I actually kind of describe"}, {"start": "00:12:15", "end": "00:12:20", "text": "your AI platform?"}, {"start": "00:12:17", "end": "00:12:22", "text": ">> I haven't heard the a designated driver"}, {"start": "00:12:20", "end": "00:12:22", "text": "analogy."}, {"start": "00:12:22", "end": "00:12:24", "text": ">> Yeah."}, {"start": "00:12:22", "end": "00:12:27", "text": ">> I love it. I mean, I've there's a lot of"}, {"start": "00:12:24", "end": "00:12:30", "text": "different analogies that you can use. I"}, {"start": "00:12:27", "end": "00:12:33", "text": "know that there's like the pilot uh"}, {"start": "00:12:30", "end": "00:12:34", "text": "using the automation on the plane. So no"}, {"start": "00:12:33", "end": "00:12:37", "text": "matter what the weather is or what the"}, {"start": "00:12:34", "end": "00:12:39", "text": "wind is, the the pilot doesn't panic"}, {"start": "00:12:37", "end": "00:12:41", "text": "because the automation on the plane"}, {"start": "00:12:39", "end": "00:12:43", "text": "knows that it can land safely. And I"}, {"start": "00:12:41", "end": "00:12:46", "text": "that's one of my favorite analogies as"}, {"start": "00:12:43", "end": "00:12:49", "text": "well. But to use another analogy, I like"}, {"start": "00:12:46", "end": "00:12:52", "text": "the surfboard analogy, right? And a lot"}, {"start": "00:12:49", "end": "00:12:54", "text": "of people in crypto, particularly retail"}, {"start": "00:12:52", "end": "00:12:57", "text": "investors, have just had a really rough"}, {"start": "00:12:54", "end": "00:12:59", "text": "go in the space. They've enjoyed the"}, {"start": "00:12:57", "end": "00:13:02", "text": "euphoria, but then they've also been"}, {"start": "00:12:59", "end": "00:13:03", "text": "shell-shocked on the downtrends. And a"}, {"start": "00:13:02", "end": "00:13:05", "text": "lot of people have round-tripped, right?"}, {"start": "00:13:03", "end": "00:13:07", "text": "It's really, really frustrating being in"}, {"start": "00:13:05", "end": "00:13:09", "text": "crypto sometimes."}, {"start": "00:13:07", "end": "00:13:12", "text": "But you know who's not frustrated? Hedge"}, {"start": "00:13:09", "end": "00:13:15", "text": "funds, institutional asset managers that"}, {"start": "00:13:12", "end": "00:13:18", "text": "refuse to leave the space because they"}, {"start": "00:13:15", "end": "00:13:20", "text": "are able to profit and benefit and play"}, {"start": "00:13:18", "end": "00:13:22", "text": "on the volatility. And it's because"}, {"start": "00:13:20", "end": "00:13:25", "text": "their surfboard is simply better, right?"}, {"start": "00:13:22", "end": "00:13:27", "text": "A lot of people have a really"}, {"start": "00:13:25", "end": "00:13:30", "text": "under under par surfboard and they"}, {"start": "00:13:27", "end": "00:13:32", "text": "complain about the waves. Whereas the"}, {"start": "00:13:30", "end": "00:13:35", "text": "same the same waves with a much better"}, {"start": "00:13:32", "end": "00:13:36", "text": "surfboard, that person is going to have"}, {"start": "00:13:35", "end": "00:13:38", "text": "a lot better of an experience cuz it"}, {"start": "00:13:36", "end": "00:13:41", "text": "wasn't the waves that were the issue,"}, {"start": "00:13:38", "end": "00:13:42", "text": "it's the quality and the amount of money"}, {"start": "00:13:41", "end": "00:13:42", "text": "you've put into your surfboard."}, {"start": "00:13:42", "end": "00:13:44", "text": ">> [snorts]"}, {"start": "00:13:42", "end": "00:13:47", "text": ">> And historically, institutional"}, {"start": "00:13:44", "end": "00:13:49", "text": "quantitative trading strategies have"}, {"start": "00:13:47", "end": "00:13:52", "text": "only been available for high net worth"}, {"start": "00:13:49", "end": "00:13:55", "text": "and institutional players and AI has"}, {"start": "00:13:52", "end": "00:13:57", "text": "really democratized and created more"}, {"start": "00:13:55", "end": "00:13:59", "text": "access to these sort of tools. So what"}, {"start": "00:13:57", "end": "00:14:00", "text": "we've done is we've created AI"}, {"start": "00:13:59", "end": "00:14:03", "text": "formulated quantitative trading"}, {"start": "00:14:00", "end": "00:14:06", "text": "strategies that have predefined rules"}, {"start": "00:14:03", "end": "00:14:08", "text": "using indicators that end up creating"}, {"start": "00:14:06", "end": "00:14:10", "text": "signals that fire off triggers that"}, {"start": "00:14:08", "end": "00:14:12", "text": "execute transactions when certain market"}, {"start": "00:14:10", "end": "00:14:15", "text": "conditions are met."}, {"start": "00:14:12", "end": "00:14:16", "text": ">> Yeah, well said. And like I signed up"}, {"start": "00:14:15", "end": "00:14:18", "text": "for it. I'm using it in three different"}, {"start": "00:14:16", "end": "00:14:20", "text": "types of um"}, {"start": "00:14:18", "end": "00:14:22", "text": "uh categories from Q, but it does it"}, {"start": "00:14:20", "end": "00:14:25", "text": "just it watches what's going on in the"}, {"start": "00:14:22", "end": "00:14:27", "text": "market, it exit when it when it has to,"}, {"start": "00:14:25", "end": "00:14:29", "text": "and it re-enters when the market's"}, {"start": "00:14:27", "end": "00:14:31", "text": "conditions improve. And it's very"}, {"start": "00:14:29", "end": "00:14:33", "text": "simple. You know, it's like when when"}, {"start": "00:14:31", "end": "00:14:34", "text": "euphoria goes up, no one wants to sell."}, {"start": "00:14:33", "end": "00:14:36", "text": "And when the bear market is here, no one"}, {"start": "00:14:34", "end": "00:14:38", "text": "wants to buy. And that's the job of Q."}, {"start": "00:14:36", "end": "00:14:40", "text": "And I like your analogy where you had as"}, {"start": "00:14:38", "end": "00:14:42", "text": "far as like the pilot. Everything's"}, {"start": "00:14:40", "end": "00:14:43", "text": "bumpy around it, just turn on autopilot,"}, {"start": "00:14:42", "end": "00:14:46", "text": "make sure they make some corrections,"}, {"start": "00:14:43", "end": "00:14:50", "text": "and then off it goes. Now for me, again,"}, {"start": "00:14:46", "end": "00:14:51", "text": "this is what you guys did with Q AI"}, {"start": "00:14:50", "end": "00:14:53", "text": "within the platform, you don't have to"}, {"start": "00:14:51", "end": "00:14:56", "text": "download anything new, you don't have to"}, {"start": "00:14:53", "end": "00:14:59", "text": "like get some kind of wacky link, it's"}, {"start": "00:14:56", "end": "00:15:01", "text": "right there in the iTrust platform. But"}, {"start": "00:14:59", "end": "00:15:03", "text": "you guys got a couple of different ones."}, {"start": "00:15:01", "end": "00:15:04", "text": "And the ones that interest me, you got"}, {"start": "00:15:03", "end": "00:15:08", "text": "Quantum Aggressive, and they did a"}, {"start": "00:15:04", "end": "00:15:10", "text": "four-year back test plus 2,000% Quantum"}, {"start": "00:15:08", "end": "00:15:12", "text": "plus 1,000, Quantum Guard plus 1,000,"}, {"start": "00:15:10", "end": "00:15:14", "text": "XRP, Solana, Ethereum, and Bitcoin. And"}, {"start": "00:15:12", "end": "00:15:16", "text": "for me,"}, {"start": "00:15:14", "end": "00:15:19", "text": "I don't want to gamble that hard"}, {"start": "00:15:16", "end": "00:15:20", "text": "cuz I mean, maybe it works. I think it's"}, {"start": "00:15:19", "end": "00:15:24", "text": "going to do well, so I just picked"}, {"start": "00:15:20", "end": "00:15:25", "text": "Quantum Alternative, XRP, and Solana."}, {"start": "00:15:24", "end": "00:15:28", "text": "And we can take a look at it as far as"}, {"start": "00:15:25", "end": "00:15:30", "text": "like time over, as far as like sold and"}, {"start": "00:15:28", "end": "00:15:32", "text": "in cash. If you just follow with what Q"}, {"start": "00:15:30", "end": "00:15:34", "text": "is doing, and again, this is a 4 or 5"}, {"start": "00:15:32", "end": "00:15:36", "text": "year backtest, you can see that the buy"}, {"start": "00:15:34", "end": "00:15:40", "text": "and hold strategy, you would have made"}, {"start": "00:15:36", "end": "00:15:41", "text": "31K as opposed to 71K. So, essentially"}, {"start": "00:15:40", "end": "00:15:44", "text": "you would have more than doubled your"}, {"start": "00:15:41", "end": "00:15:46", "text": "holdings. XRP, if you're just a buy and"}, {"start": "00:15:44", "end": "00:15:48", "text": "holder, which is fine, but now you're at"}, {"start": "00:15:46", "end": "00:15:51", "text": "30K instead of 78K."}, {"start": "00:15:48", "end": "00:15:53", "text": "And then uh now going into this, and"}, {"start": "00:15:51", "end": "00:15:54", "text": "I'll stop right here, but Jer, what part"}, {"start": "00:15:53", "end": "00:15:56", "text": "did I"}, {"start": "00:15:54", "end": "00:15:58", "text": "did that not clarify what I was talking"}, {"start": "00:15:56", "end": "00:16:00", "text": "about here?"}, {"start": "00:15:58", "end": "00:16:03", "text": ">> No, I love these charts because the flat"}, {"start": "00:16:00", "end": "00:16:05", "text": "line is so important. And when I first"}, {"start": "00:16:03", "end": "00:16:07", "text": "saw these, I thought there there must"}, {"start": "00:16:05", "end": "00:16:09", "text": "have been like a bug that was leading to"}, {"start": "00:16:07", "end": "00:16:11", "text": "the flat line because the because your"}, {"start": "00:16:09", "end": "00:16:14", "text": "value that you have in the strategy"}, {"start": "00:16:11", "end": "00:16:16", "text": "doesn't change over that time period,"}, {"start": "00:16:14", "end": "00:16:18", "text": "and some of those time periods are are"}, {"start": "00:16:16", "end": "00:16:20", "text": "pretty lengthy. I mean, during Q's"}, {"start": "00:16:18", "end": "00:16:23", "text": "backtested existence, like 7 years, I"}, {"start": "00:16:20", "end": "00:16:25", "text": "believe was 48% of the time it was in"}, {"start": "00:16:23", "end": "00:16:27", "text": "cash because most of the time in crypto"}, {"start": "00:16:25", "end": "00:16:29", "text": "you really should be out of the market,"}, {"start": "00:16:27", "end": "00:16:32", "text": "and then strategically going in when"}, {"start": "00:16:29", "end": "00:16:34", "text": "certain trends are confirmed. So, those"}, {"start": "00:16:32", "end": "00:16:36", "text": "flat lines are very important, and I"}, {"start": "00:16:34", "end": "00:16:37", "text": "believe Q was in cash during October"}, {"start": "00:16:36", "end": "00:16:37", "text": "10th of last year."}, {"start": "00:16:37", "end": "00:16:39", "text": ">> True."}, {"start": "00:16:37", "end": "00:16:42", "text": ">> Uh during during the during the"}, {"start": "00:16:39", "end": "00:16:45", "text": "backtest, uh it was in uh cash during"}, {"start": "00:16:42", "end": "00:16:46", "text": "the FTX crash during the backtest, and"}, {"start": "00:16:45", "end": "00:16:49", "text": "then it was also in cash during this"}, {"start": "00:16:46", "end": "00:16:52", "text": "previous uh May dip from 82 all the way"}, {"start": "00:16:49", "end": "00:16:54", "text": "down to 58.5, and then I think it"}, {"start": "00:16:52", "end": "00:16:56", "text": "started buying in at some point over the"}, {"start": "00:16:54", "end": "00:16:59", "text": "summer, and then we went live with our"}, {"start": "00:16:56", "end": "00:17:01", "text": "own corporate funds uh during during the"}, {"start": "00:16:59", "end": "00:17:04", "text": "summer as well into Q to kind of put our"}, {"start": "00:17:01", "end": "00:17:06", "text": "money where our mouth is, and we were"}, {"start": "00:17:04", "end": "00:17:09", "text": "surprised that Q stayed invested in the"}, {"start": "00:17:06", "end": "00:17:11", "text": "70s, and then it rode it all the way up"}, {"start": "00:17:09", "end": "00:17:14", "text": "to uh 87,"}, {"start": "00:17:11", "end": "00:17:16", "text": "and then it just recently sold into cash"}, {"start": "00:17:14", "end": "00:17:19", "text": "across pretty much all the Quantum"}, {"start": "00:17:16", "end": "00:17:22", "text": "strategies uh at around uh"}, {"start": "00:17:19", "end": "00:17:23", "text": "between 83 five and 84 and then right"}, {"start": "00:17:22", "end": "00:17:25", "text": "now I think it's getting a little bit"}, {"start": "00:17:23", "end": "00:17:27", "text": "more defensive because it's not sure if"}, {"start": "00:17:25", "end": "00:17:29", "text": "the market's going to go back down to 75"}, {"start": "00:17:27", "end": "00:17:31", "text": "to 78 or if the market's going to"}, {"start": "00:17:29", "end": "00:17:33", "text": "confirm another uptrend up to you know"}, {"start": "00:17:31", "end": "00:17:35", "text": "90 to 97. So those are the sort of"}, {"start": "00:17:33", "end": "00:17:37", "text": "scenarios that it's that it's that that"}, {"start": "00:17:35", "end": "00:17:39", "text": "that is playing with right now."}, {"start": "00:17:37", "end": "00:17:40", "text": ">> Yeah and then and that's a great one and"}, {"start": "00:17:39", "end": "00:17:42", "text": "everybody's different. So some people"}, {"start": "00:17:40", "end": "00:17:42", "text": "like I'm going to go in this heavy. Some"}, {"start": "00:17:42", "end": "00:17:44", "text": "people like I'm just going to go into a"}, {"start": "00:17:42", "end": "00:17:45", "text": "light kind of you know get my my toes in"}, {"start": "00:17:44", "end": "00:17:47", "text": "the water. I think that's that's fine"}, {"start": "00:17:45", "end": "00:17:49", "text": "either way that people are doing. We"}, {"start": "00:17:47", "end": "00:17:51", "text": "can't give you financial advice but just"}, {"start": "00:17:49", "end": "00:17:54", "text": "as a just as a a little pushback to say"}, {"start": "00:17:51", "end": "00:17:57", "text": "that this is backtesting looking pretty"}, {"start": "00:17:54", "end": "00:17:59", "text": "good but nothing's perfect. Take a look"}, {"start": "00:17:57", "end": "00:18:01", "text": "at this one. This is Bitcoin."}, {"start": "00:17:59", "end": "00:18:04", "text": "And you can find this right on the on"}, {"start": "00:18:01", "end": "00:18:07", "text": "the site as far as like for Q and if it"}, {"start": "00:18:04", "end": "00:18:09", "text": "was as far as like"}, {"start": "00:18:07", "end": "00:18:13", "text": "for buying hold strategy you'd have been"}, {"start": "00:18:09", "end": "00:18:16", "text": "at 39,000 Bitcoin strategy at 40,000. So"}, {"start": "00:18:13", "end": "00:18:17", "text": "it's not like it's going to like run up"}, {"start": "00:18:16", "end": "00:18:19", "text": "like crazy and there could be some"}, {"start": "00:18:17", "end": "00:18:21", "text": "problems along the way. So just be aware"}, {"start": "00:18:19", "end": "00:18:23", "text": "that again nothing works out perfectly."}, {"start": "00:18:21", "end": "00:18:25", "text": "I just took a look at the quantum part"}, {"start": "00:18:23", "end": "00:18:28", "text": "because it takes Bitcoin, Ethereum,"}, {"start": "00:18:25", "end": "00:18:30", "text": "Link, Solana and XRP most of which I I"}, {"start": "00:18:28", "end": "00:18:32", "text": "agree with and I said okay."}, {"start": "00:18:30", "end": "00:18:35", "text": "Tell me if I would have done 10,000"}, {"start": "00:18:32", "end": "00:18:37", "text": "invested over four years show me what"}, {"start": "00:18:35", "end": "00:18:39", "text": "Q would have done versus a buy and hold"}, {"start": "00:18:37", "end": "00:18:40", "text": "and you can see right here with 10,000"}, {"start": "00:18:39", "end": "00:18:42", "text": "over four years"}, {"start": "00:18:40", "end": "00:18:44", "text": "and this was the one which was like the"}, {"start": "00:18:42", "end": "00:18:46", "text": "big percentage. Not the most big"}, {"start": "00:18:44", "end": "00:18:48", "text": "percentage but pretty big. I'd have"}, {"start": "00:18:46", "end": "00:18:49", "text": "$191,000."}, {"start": "00:18:48", "end": "00:18:50", "text": "Just waiting around for four years. I"}, {"start": "00:18:49", "end": "00:18:52", "text": "would have done buy and hold with a"}, {"start": "00:18:50", "end": "00:18:53", "text": "34,000."}, {"start": "00:18:52", "end": "00:18:57", "text": "So when I take a look at this I'm like"}, {"start": "00:18:53", "end": "00:18:59", "text": "okay I will diversify a little bit."}, {"start": "00:18:57", "end": "00:19:02", "text": "And of course just so you know what you"}, {"start": "00:18:59", "end": "00:19:03", "text": "give up the backtest is it's live right"}, {"start": "00:19:02", "end": "00:19:05", "text": "now."}, {"start": "00:19:03", "end": "00:19:07", "text": "As a trader as Q goes out it's not going"}, {"start": "00:19:05", "end": "00:19:08", "text": "to miss every single opportunity."}, {"start": "00:19:07", "end": "00:19:10", "text": "There's going to be some like parts"}, {"start": "00:19:08", "end": "00:19:12", "text": "where it doesn't hit it."}, {"start": "00:19:10", "end": "00:19:13", "text": "But it doesn't it trades without asking."}, {"start": "00:19:12", "end": "00:19:15", "text": "Once on, buys and sells happens"}, {"start": "00:19:13", "end": "00:19:17", "text": "automatically. If you want to cancel,"}, {"start": "00:19:15", "end": "00:19:20", "text": "you have to deactivate your funds from"}, {"start": "00:19:17", "end": "00:19:21", "text": "all the Q strategies. And then uh the"}, {"start": "00:19:20", "end": "00:19:23", "text": "question you have to ask is what kind of"}, {"start": "00:19:21", "end": "00:19:25", "text": "strategy do I want? Is it the same one"}, {"start": "00:19:23", "end": "00:19:27", "text": "or is it the one that I want to go over"}, {"start": "00:19:25", "end": "00:19:28", "text": "a little bit more uh less returns? And"}, {"start": "00:19:27", "end": "00:19:30", "text": "again,"}, {"start": "00:19:28", "end": "00:19:32", "text": "from what I gather here from the"}, {"start": "00:19:30", "end": "00:19:34", "text": "website, there's a 37%"}, {"start": "00:19:32", "end": "00:19:36", "text": "win rate. But as a trader, you have to"}, {"start": "00:19:34", "end": "00:19:38", "text": "understand that these are the things"}, {"start": "00:19:36", "end": "00:19:39", "text": "like did I make the right perfect trade"}, {"start": "00:19:38", "end": "00:19:40", "text": "at the right perfect time and then it"}, {"start": "00:19:39", "end": "00:19:43", "text": "goes down and I just missed an"}, {"start": "00:19:40", "end": "00:19:45", "text": "opportunity? Yes, but you ride the big"}, {"start": "00:19:43", "end": "00:19:48", "text": "winners up and that's what Q is supposed"}, {"start": "00:19:45", "end": "00:19:49", "text": "to do in the background and that's why"}, {"start": "00:19:48", "end": "00:19:50", "text": "I'm going to try it out."}, {"start": "00:19:49", "end": "00:19:51", "text": "So"}, {"start": "00:19:50", "end": "00:19:52", "text": ">> Yeah, it's like yeah, it's like batting"}, {"start": "00:19:51", "end": "00:19:53", "text": "average."}, {"start": "00:19:52", "end": "00:19:55", "text": ">> Yeah, it's like a batting average. You"}, {"start": "00:19:53", "end": "00:19:56", "text": "can't You're not going to bat a thousand"}, {"start": "00:19:55", "end": "00:19:58", "text": "every time. That's it. All's I want you"}, {"start": "00:19:56", "end": "00:20:00", "text": "to do is just to hit the home run when"}, {"start": "00:19:58", "end": "00:20:03", "text": "you need to and then that's it."}, {"start": "00:20:00", "end": "00:20:06", "text": "So as far as like as a reminder,"}, {"start": "00:20:03", "end": "00:20:08", "text": "when you're doing these trades, they"}, {"start": "00:20:06", "end": "00:20:11", "text": "essentially as you make trades, they are"}, {"start": "00:20:08", "end": "00:20:13", "text": "taxable events. But within a Roth IRA,"}, {"start": "00:20:11", "end": "00:20:14", "text": "there is no taxable events. As long as"}, {"start": "00:20:13", "end": "00:20:16", "text": "you wait until you're 59 and a half"}, {"start": "00:20:14", "end": "00:20:18", "text": "years old. So if you have a taxable"}, {"start": "00:20:16", "end": "00:20:20", "text": "account, this is an issue. If you have a"}, {"start": "00:20:18", "end": "00:20:22", "text": "Roth IRA, it does it for as long as you"}, {"start": "00:20:20", "end": "00:20:24", "text": "allow it to do it and then as things run"}, {"start": "00:20:22", "end": "00:20:25", "text": "up and like we talked about, as time"}, {"start": "00:20:24", "end": "00:20:27", "text": "goes on, I think it's going to be a"}, {"start": "00:20:25", "end": "00:20:29", "text": "pretty big thing."}, {"start": "00:20:27", "end": "00:20:31", "text": "So being before I go, Jared, sorry."}, {"start": "00:20:29", "end": "00:20:33", "text": ">> Yeah, I just want to step in and just"}, {"start": "00:20:31", "end": "00:20:37", "text": "clarify, you know, the the Quantum"}, {"start": "00:20:33", "end": "00:20:39", "text": "family and and how they're investing."}, {"start": "00:20:37", "end": "00:20:42", "text": "Quantum, Quantum Guard, Quantum"}, {"start": "00:20:39", "end": "00:20:45", "text": "Aggressive, and Quantum Alternative."}, {"start": "00:20:42", "end": "00:20:47", "text": "They are all technically aggressive. We"}, {"start": "00:20:45", "end": "00:20:48", "text": "consider everything in crypto in crypto"}, {"start": "00:20:47", "end": "00:20:51", "text": "aggressive. We're never going to tell"}, {"start": "00:20:48", "end": "00:20:54", "text": "people, oh, this is a more conservative"}, {"start": "00:20:51", "end": "00:20:57", "text": "strategy. But they do deploy capital in"}, {"start": "00:20:54", "end": "00:21:00", "text": "different degrees of aggressiveness."}, {"start": "00:20:57", "end": "00:21:03", "text": "Quantum Standard is just kind of like"}, {"start": "00:21:00", "end": "00:21:06", "text": "the Goldilocks, somewhere in between."}, {"start": "00:21:03", "end": "00:21:09", "text": "Quantum Guard is going to invest in any"}, {"start": "00:21:06", "end": "00:21:10", "text": "of those five tokens just like all the"}, {"start": "00:21:09", "end": "00:21:12", "text": "Quantums are."}, {"start": "00:21:10", "end": "00:21:15", "text": "But it's going to do so based on the"}, {"start": "00:21:12", "end": "00:21:18", "text": "relative strength of each of those"}, {"start": "00:21:15", "end": "00:21:20", "text": "tokens against each other. For example,"}, {"start": "00:21:18", "end": "00:21:22", "text": "if Chainlink is showing relative"}, {"start": "00:21:20", "end": "00:21:25", "text": "strength against the other tokens in the"}, {"start": "00:21:22", "end": "00:21:27", "text": "set, there might be a rotation into more"}, {"start": "00:21:25", "end": "00:21:29", "text": "Chainlink. Or if SOL is showing"}, {"start": "00:21:27", "end": "00:21:30", "text": "strength, it's going to rotate to SOL."}, {"start": "00:21:29", "end": "00:21:33", "text": "And then if if SOL starts to show"}, {"start": "00:21:30", "end": "00:21:35", "text": "weakness, and then ETH starts to show"}, {"start": "00:21:33", "end": "00:21:38", "text": "strength, it might fully allocate out of"}, {"start": "00:21:35", "end": "00:21:40", "text": "SOL into ETH, or it might partially"}, {"start": "00:21:38", "end": "00:21:43", "text": "allocate out of SOL into ETH."}, {"start": "00:21:40", "end": "00:21:46", "text": "Quantum Guard is going to keep more"}, {"start": "00:21:43", "end": "00:21:48", "text": "Bitcoin during those rotations during"}, {"start": "00:21:46", "end": "00:21:50", "text": "the than the rest of the Quantum family."}, {"start": "00:21:48", "end": "00:21:54", "text": "So Quantum Guard, let's say will have"}, {"start": "00:21:50", "end": "00:21:55", "text": "40% BTC, for example, during a certain"}, {"start": "00:21:54", "end": "00:21:59", "text": "time period."}, {"start": "00:21:55", "end": "00:22:03", "text": "Quantum Standard might have 30% BTC."}, {"start": "00:21:59", "end": "00:22:05", "text": "Quantum Aggressive might have 15% BTC."}, {"start": "00:22:03", "end": "00:22:09", "text": "And then Quantum Alternative might have"}, {"start": "00:22:05", "end": "00:22:11", "text": "5% or maybe 0% BTC, cuz Quantum"}, {"start": "00:22:09", "end": "00:22:13", "text": "Alternative doesn't care about BTC"}, {"start": "00:22:11", "end": "00:22:15", "text": "necessarily. It just wants to go and try"}, {"start": "00:22:13", "end": "00:22:18", "text": "to rotate into the alts. Whereas"}, {"start": "00:22:15", "end": "00:22:20", "text": "Aggressive does have a similar mindset"}, {"start": "00:22:18", "end": "00:22:23", "text": "as Alternative, but Aggressive is going"}, {"start": "00:22:20", "end": "00:22:26", "text": "to keep some BTC and more BTC in all"}, {"start": "00:22:23", "end": "00:22:27", "text": "likelihood during those rotations than"}, {"start": "00:22:26", "end": "00:22:28", "text": "Alternative."}, {"start": "00:22:27", "end": "00:22:30", "text": ">> Yeah. Well, and you know, that's the"}, {"start": "00:22:28", "end": "00:22:33", "text": "that's the big thing. Sometimes we we"}, {"start": "00:22:30", "end": "00:22:35", "text": "get a a nice big pump in a certain"}, {"start": "00:22:33", "end": "00:22:37", "text": "altcoins that we own, and sometimes it's"}, {"start": "00:22:35", "end": "00:22:39", "text": "just flat for a long time. So it's about"}, {"start": "00:22:37", "end": "00:22:41", "text": "getting in and getting out. But again,"}, {"start": "00:22:39", "end": "00:22:44", "text": "this these are trader strategies that I"}, {"start": "00:22:41", "end": "00:22:46", "text": "don't feel comfortable doing. I will"}, {"start": "00:22:44", "end": "00:22:49", "text": "delve into a little bit of using Q, and"}, {"start": "00:22:46", "end": "00:22:51", "text": "kind of go from there. But as a reminder"}, {"start": "00:22:49", "end": "00:22:54", "text": "to go over everything as we possibly"}, {"start": "00:22:51", "end": "00:22:57", "text": "can, that to use this service, it's free"}, {"start": "00:22:54", "end": "00:22:59", "text": "until December 31st, 2026. So you've got"}, {"start": "00:22:57", "end": "00:23:01", "text": "rest of October, November, December."}, {"start": "00:22:59", "end": "00:23:02", "text": "After that, if you you under 25,000,"}, {"start": "00:23:01", "end": "00:23:04", "text": "it's still free."}, {"start": "00:23:02", "end": "00:23:07", "text": "If you have 25 to 100, it's 49 bucks a"}, {"start": "00:23:04", "end": "00:23:09", "text": "month and 100k and up, and that could be"}, {"start": "00:23:07", "end": "00:23:10", "text": "as much as you want it to be cuz $100 a"}, {"start": "00:23:09", "end": "00:23:13", "text": "month. But again, as we take a look at"}, {"start": "00:23:10", "end": "00:23:15", "text": "those percentage gains,"}, {"start": "00:23:13", "end": "00:23:17", "text": "might actually uh be worth it for some"}, {"start": "00:23:15", "end": "00:23:18", "text": "people out there or a bunch of people,"}, {"start": "00:23:17", "end": "00:23:21", "text": "just depends."}, {"start": "00:23:18", "end": "00:23:24", "text": "Also, 10% per Q trade and a minimum per"}, {"start": "00:23:21", "end": "00:23:26", "text": "strategy is $1,000, so everybody's aware"}, {"start": "00:23:24", "end": "00:23:28", "text": "of that. I turned on Solana, XRP, and"}, {"start": "00:23:26", "end": "00:23:30", "text": "Quantitative Alternative like we talked"}, {"start": "00:23:28", "end": "00:23:32", "text": "about. And it's because I'm great at"}, {"start": "00:23:30", "end": "00:23:34", "text": "buying, but as far as like selling, I"}, {"start": "00:23:32", "end": "00:23:37", "text": "got problems sometimes and I need a"}, {"start": "00:23:34", "end": "00:23:38", "text": "little bit of help. So, for me, I just"}, {"start": "00:23:37", "end": "00:23:39", "text": "thought to myself, I'm going to take it"}, {"start": "00:23:38", "end": "00:23:41", "text": "for a test drive."}, {"start": "00:23:39", "end": "00:23:44", "text": "I'm going to start low and then ramp my"}, {"start": "00:23:41", "end": "00:23:47", "text": "way up and just let Q take the wheel."}, {"start": "00:23:44", "end": "00:23:48", "text": "So, that's what I see Q working at."}, {"start": "00:23:47", "end": "00:23:50", "text": "Jared, what have you seen with clients"}, {"start": "00:23:48", "end": "00:23:52", "text": "who have reached out to you to actually"}, {"start": "00:23:50", "end": "00:23:54", "text": "ask the questions or or as they go into"}, {"start": "00:23:52", "end": "00:23:56", "text": "it, what's their big uh"}, {"start": "00:23:54", "end": "00:23:58", "text": "issues?"}, {"start": "00:23:56", "end": "00:24:00", "text": ">> They see it as an opportunity to"}, {"start": "00:23:58", "end": "00:24:02", "text": "diversify how they're deploying capital."}, {"start": "00:24:00", "end": "00:24:04", "text": "Right, they don't necessarily just look"}, {"start": "00:24:02", "end": "00:24:05", "text": "at the back-tested numbers and think,"}, {"start": "00:24:04", "end": "00:24:07", "text": "\"Oh, I'm definitely going to get that"}, {"start": "00:24:05", "end": "00:24:10", "text": "moving forward.\" All that they know is"}, {"start": "00:24:07", "end": "00:24:12", "text": "that at a baseline, they're sick of"}, {"start": "00:24:10", "end": "00:24:13", "text": "round-tripping, they're sick of buying"}, {"start": "00:24:12", "end": "00:24:16", "text": "and holding, and they're sick of seeing"}, {"start": "00:24:13", "end": "00:24:18", "text": "other asset classes eat crypto's lunch"}, {"start": "00:24:16", "end": "00:24:20", "text": "over the last year or so. But they still"}, {"start": "00:24:18", "end": "00:24:21", "text": "love the space, they still believe in"}, {"start": "00:24:20", "end": "00:24:24", "text": "the space, they see the real-world asset"}, {"start": "00:24:21", "end": "00:24:25", "text": "narrative, the tokenization narrative,"}, {"start": "00:24:24", "end": "00:24:28", "text": "all these great things happening in"}, {"start": "00:24:25", "end": "00:24:30", "text": "crypto, but it's not always reflecting"}, {"start": "00:24:28", "end": "00:24:32", "text": "in the price. But they do see an"}, {"start": "00:24:30", "end": "00:24:35", "text": "opportunity to diversify how they're"}, {"start": "00:24:32", "end": "00:24:37", "text": "deploying funds into crypto and see this"}, {"start": "00:24:35", "end": "00:24:39", "text": "as an opportunity [music] to do so. Uh"}, {"start": "00:24:37", "end": "00:24:41", "text": "people do want to see"}, {"start": "00:24:39", "end": "00:24:43", "text": "a little bit more information about what"}, {"start": "00:24:41", "end": "00:24:45", "text": "the strategies are invested in [music]"}, {"start": "00:24:43", "end": "00:24:47", "text": "at any given moment in time. Uh later"}, {"start": "00:24:45", "end": "00:24:49", "text": "this week, we should be launching a"}, {"start": "00:24:47", "end": "00:24:51", "text": "change in app [music] that will show"}, {"start": "00:24:49", "end": "00:24:54", "text": "exactly what the percentage allocation"}, {"start": "00:24:51", "end": "00:24:56", "text": "is into each asset in each respective"}, {"start": "00:24:54", "end": "00:24:58", "text": "[music] strategy. So, So hope that that"}, {"start": "00:24:56", "end": "00:24:59", "text": "transparency satisfies a lot of people."}, {"start": "00:24:58", "end": "00:25:01", "text": "But yeah, people have been really"}, {"start": "00:24:59", "end": "00:25:03", "text": "curious. We've had a lot of success so"}, {"start": "00:25:01", "end": "00:25:04", "text": "far. It's been really exciting and you"}, {"start": "00:25:03", "end": "00:25:05", "text": "know, we're just going to take it one"}, {"start": "00:25:04", "end": "00:25:06", "text": "day at a time."}, {"start": "00:25:05", "end": "00:25:08", "text": ">> Yeah, that's all we can do. So"}, {"start": "00:25:06", "end": "00:25:09", "text": "everybody,"}, {"start": "00:25:08", "end": "00:25:10", "text": "all the things we talked about, there'll"}, {"start": "00:25:09", "end": "00:25:11", "text": "be a link in the description. There'll"}, {"start": "00:25:10", "end": "00:25:13", "text": "be a link to the presentation. There'll"}, {"start": "00:25:11", "end": "00:25:15", "text": "be a link for you guys to go to iTrust."}, {"start": "00:25:13", "end": "00:25:16", "text": "There'll be a link for to sign up for Q"}, {"start": "00:25:15", "end": "00:25:18", "text": "and everything else."}, {"start": "00:25:16", "end": "00:25:19", "text": "But that is it for this one. Jerry went"}, {"start": "00:25:18", "end": "00:25:22", "text": "a little bit long. I apologize taking so"}, {"start": "00:25:19", "end": "00:25:23", "text": "much time, but this is important. I"}, {"start": "00:25:22", "end": "00:25:24", "text": "think this could be a pretty big thing"}, {"start": "00:25:23", "end": "00:25:25", "text": "and we'll see how it all [music] plays"}, {"start": "00:25:24", "end": "00:25:26", "text": "out."}, {"start": "00:25:25", "end": "00:25:28", "text": ">> Never a problem. Happy to be here."}, {"start": "00:25:26", "end": "00:25:30", "text": ">> All right everybody, thanks so much for"}, {"start": "00:25:28", "end": "00:25:31", "text": "stopping by. We appreciate it. And let's"}, {"start": "00:25:30", "end": "00:25:34", "text": "get to let's get out of here."}, {"start": "00:25:31", "end": "00:25:34", "text": ">> Take care."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Like remember, we think all finance will"}, {"start": "00:00:02", "end": "00:00:06", "text": "move over blockchains and we think"}, {"start": "00:00:04", "end": "00:00:08", "text": "agents will be the primary drivers of"}, {"start": "00:00:06", "end": "00:00:09", "text": "finance. If you are the platform on"}, {"start": "00:00:08", "end": "00:00:12", "text": "which that takes, we probably should"}, {"start": "00:00:09", "end": "00:00:13", "text": "have added another zero to that numbers."}, {"start": "00:00:12", "end": "00:00:15", "text": ">> And what he's talking about in this clip"}, {"start": "00:00:13", "end": "00:00:19", "text": "is NEAR Protocol."}, {"start": "00:00:15", "end": "00:00:21", "text": "Now, NEAR has gone up and down, but it"}, {"start": "00:00:19", "end": "00:00:26", "text": "has a great founder, Illia Polosukhin,"}, {"start": "00:00:21", "end": "00:00:28", "text": "who is responsible for the T in ChatGPT."}, {"start": "00:00:26", "end": "00:00:29", "text": "And we'll get to that in a second. But"}, {"start": "00:00:28", "end": "00:00:32", "text": "again, if we're talking about the things"}, {"start": "00:00:29", "end": "00:00:34", "text": "that we should not where the hockey puck"}, {"start": "00:00:32", "end": "00:00:36", "text": "is, where the hockey puck is going to,"}, {"start": "00:00:34", "end": "00:00:37", "text": "and it's very difficult to to really"}, {"start": "00:00:36", "end": "00:00:38", "text": "predict these things. It could be"}, {"start": "00:00:37", "end": "00:00:39", "text": "anything."}, {"start": "00:00:38", "end": "00:00:42", "text": "But what Matt brought up was pretty"}, {"start": "00:00:39", "end": "00:00:44", "text": "interesting. He pretty much said that"}, {"start": "00:00:42", "end": "00:00:47", "text": "NEAR could do a 40x. And let me just say"}, {"start": "00:00:44", "end": "00:00:49", "text": "let me be 100% clear for this one."}, {"start": "00:00:47", "end": "00:00:52", "text": "Uh price predictions are worthless."}, {"start": "00:00:49", "end": "00:00:54", "text": "Everybody's wrong. And I've got a couple"}, {"start": "00:00:52", "end": "00:00:56", "text": "of receipts to prove that. There's a"}, {"start": "00:00:54", "end": "00:00:57", "text": "link in the description, and this is in"}, {"start": "00:00:56", "end": "00:00:59", "text": "every video that I do where I talk about"}, {"start": "00:00:57", "end": "00:01:02", "text": "the predict the price prediction of"}, {"start": "00:00:59", "end": "00:01:04", "text": "2021. Everybody was wrong, including me."}, {"start": "00:01:02", "end": "00:01:07", "text": "2025, everybody was wrong, including me."}, {"start": "00:01:04", "end": "00:01:08", "text": "However, there was massive gains to be"}, {"start": "00:01:07", "end": "00:01:11", "text": "made. So, 40x,"}, {"start": "00:01:08", "end": "00:01:13", "text": "come on. Is that Is that the real deal?"}, {"start": "00:01:11", "end": "00:01:14", "text": "Well,"}, {"start": "00:01:13", "end": "00:01:16", "text": "I have to tell you. First of all,"}, {"start": "00:01:14", "end": "00:01:18", "text": "there's two things. Why is Matt talking"}, {"start": "00:01:16", "end": "00:01:20", "text": "about"}, {"start": "00:01:18", "end": "00:01:22", "text": "NEAR Protocol? And the reason is cuz"}, {"start": "00:01:20", "end": "00:01:26", "text": "they just launched a"}, {"start": "00:01:22", "end": "00:01:28", "text": "ETF or ETP in the United States, a spot"}, {"start": "00:01:26", "end": "00:01:30", "text": "ETP. Mind you, I didn't realize this was"}, {"start": "00:01:28", "end": "00:01:33", "text": "happening. This launched just a little"}, {"start": "00:01:30", "end": "00:01:35", "text": "bit ago, September 29th, 2026, roughly"}, {"start": "00:01:33", "end": "00:01:37", "text": "what, 3 weeks ago or so?"}, {"start": "00:01:35", "end": "00:01:39", "text": "Two, two and a half. There's a"}, {"start": "00:01:37", "end": "00:01:42", "text": "management fee of 0.75% and a staking"}, {"start": "00:01:39", "end": "00:01:44", "text": "feature. The trust stakes NEAR. That's"}, {"start": "00:01:42", "end": "00:01:46", "text": "pretty cool. You can do that and get to"}, {"start": "00:01:44", "end": "00:01:49", "text": "double dip for the price appreciation"}, {"start": "00:01:46", "end": "00:01:49", "text": "and the staking."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "near intense. And you may have heard of"}, {"start": "00:00:02", "end": "00:00:07", "text": "this because they got hacked."}, {"start": "00:00:06", "end": "00:00:10", "text": "I don't know, maybe it was like two"}, {"start": "00:00:07", "end": "00:00:13", "text": "weeks ago or something like that. And it"}, {"start": "00:00:10", "end": "00:00:16", "text": "was a problem. But I tip my hat to them"}, {"start": "00:00:13", "end": "00:00:19", "text": "because they did their own investigative"}, {"start": "00:00:16", "end": "00:00:21", "text": "research on the blockchain, find out,"}, {"start": "00:00:19", "end": "00:00:23", "text": "they found out who it was, and they"}, {"start": "00:00:21", "end": "00:00:26", "text": "said, \"If you don't give us our money"}, {"start": "00:00:23", "end": "00:00:26", "text": "back, we're going to expose you publicly"}, {"start": "00:00:26", "end": "00:00:29", "text": "and you're going to have a lot of"}, {"start": "00:00:26", "end": "00:00:31", "text": "problems. So do what we say and I'll be"}, {"start": "00:00:29", "end": "00:00:33", "text": "damned if they didn't give every dime"}, {"start": "00:00:31", "end": "00:00:35", "text": "back to him. And I was like, you know"}, {"start": "00:00:33", "end": "00:00:37", "text": "what? I'm looking at near a lot harder"}, {"start": "00:00:35", "end": "00:00:41", "text": "now because they had the coahones to do"}, {"start": "00:00:37", "end": "00:00:41", "text": "that and they pulled it"}]

[{"start": "00:00:01", "end": "00:00:04", "text": "Well, looks like inflation and adoption"}, {"start": "00:00:03", "end": "00:00:06", "text": "is running pretty hot and I did not have"}, {"start": "00:00:04", "end": "00:00:08", "text": "this on my bingo card just how hard the"}, {"start": "00:00:06", "end": "00:00:10", "text": "different banks are going into the"}, {"start": "00:00:08", "end": "00:00:11", "text": "digital asset space. But before I get"}, {"start": "00:00:10", "end": "00:00:12", "text": "into that and talk about all those"}, {"start": "00:00:11", "end": "00:00:13", "text": "different things, I want to remind"}, {"start": "00:00:12", "end": "00:00:16", "text": "everybody that there's a lot of"}, {"start": "00:00:13", "end": "00:00:18", "text": "doomerism going around, especially with"}, {"start": "00:00:16", "end": "00:00:20", "text": "uh quantum computing and and AI and how"}, {"start": "00:00:18", "end": "00:00:24", "text": "it's going to break everything. But just"}, {"start": "00:00:20", "end": "00:00:26", "text": "remember that if it's a problem that was"}, {"start": "00:00:24", "end": "00:00:28", "text": "started or caused by individuals or"}, {"start": "00:00:26", "end": "00:00:31", "text": "people, it can be solved by individuals"}, {"start": "00:00:28", "end": "00:00:32", "text": "and people. And this is just another uh"}, {"start": "00:00:31", "end": "00:00:34", "text": "reference to that researchers at"}, {"start": "00:00:32", "end": "00:00:36", "text": "Imperial College London proposed"}, {"start": "00:00:34", "end": "00:00:40", "text": "framework for postquantum"}, {"start": "00:00:36", "end": "00:00:42", "text": "private transfers on Bitcoin. Now,"}, {"start": "00:00:40", "end": "00:00:44", "text": "usually what this would take would be"}, {"start": "00:00:42", "end": "00:00:46", "text": "like a soft fork. So, we have to agree"}, {"start": "00:00:44", "end": "00:00:48", "text": "to that or they wouldn't agree and then"}, {"start": "00:00:46", "end": "00:00:50", "text": "you'd have different uh miners and"}, {"start": "00:00:48", "end": "00:00:52", "text": "different people who are node operators"}, {"start": "00:00:50", "end": "00:00:54", "text": "fighting over everything. They said no"}, {"start": "00:00:52", "end": "00:00:56", "text": "no we can do this right now and this was"}, {"start": "00:00:54", "end": "00:00:58", "text": "their academic paper. Now, is this the"}, {"start": "00:00:56", "end": "00:01:01", "text": "only way to go? No. But it just shows"}, {"start": "00:00:58", "end": "00:01:03", "text": "you that there are various ways to get"}, {"start": "00:01:01", "end": "00:01:06", "text": "to the finish line without everybody"}, {"start": "00:01:03", "end": "00:01:07", "text": "collapsing and having a bad issue. So"}, {"start": "00:01:06", "end": "00:01:10", "text": "that would take it to that just a little"}, {"start": "00:01:07", "end": "00:01:12", "text": "bit of a uh a nice reprieve as we go"}, {"start": "00:01:10", "end": "00:01:14", "text": "into uh the main story about adoption"}, {"start": "00:01:12", "end": "00:01:16", "text": "and before we get into actually the"}, {"start": "00:01:14", "end": "00:01:20", "text": "banks and how it's going before we get"}, {"start": "00:01:16", "end": "00:01:23", "text": "into Standard Charter uh BNY Melon and"}, {"start": "00:01:20", "end": "00:01:25", "text": "Citadel Securities and how also there's"}, {"start": "00:01:23", "end": "00:01:28", "text": "things with tokenization aspects as far"}, {"start": "00:01:25", "end": "00:01:30", "text": "as with Canton and then also as we talk"}, {"start": "00:01:28", "end": "00:01:32", "text": "about Russia's largest bank is getting"}, {"start": "00:01:30", "end": "00:01:34", "text": "into crypto and also as we get into"}, {"start": "00:01:32", "end": "00:01:36", "text": "crypto exchange Kraken Kraken just"}, {"start": "00:01:34", "end": "00:01:38", "text": "bought a European bank. Before we get"}, {"start": "00:01:36", "end": "00:01:42", "text": "into all that, I need to make something"}, {"start": "00:01:38", "end": "00:01:44", "text": "clear because I get this push back uh a"}, {"start": "00:01:42", "end": "00:01:46", "text": "couple of times on on the different in"}, {"start": "00:01:44", "end": "00:01:48", "text": "the comments section about, well, Rob,"}, {"start": "00:01:46", "end": "00:01:49", "text": "it doesn't matter because the banks are"}, {"start": "00:01:48", "end": "00:01:51", "text": "just going to make their own private"}, {"start": "00:01:49", "end": "00:01:54", "text": "chain and they're going to just X us out"}, {"start": "00:01:51", "end": "00:01:56", "text": "as they've always done and uh you know,"}, {"start": "00:01:54", "end": "00:01:58", "text": "these these permissionless public chains"}, {"start": "00:01:56", "end": "00:02:00", "text": "are going to go to the wayside and it's"}, {"start": "00:01:58", "end": "00:02:03", "text": "just going to be all permissioned Walt"}, {"start": "00:02:00", "end": "00:02:05", "text": "gardens. And I think that's untrue. So"}, {"start": "00:02:03", "end": "00:02:07", "text": "the question then is why would a bank"}, {"start": "00:02:05", "end": "00:02:08", "text": "use a public blockchain? Because they're"}, {"start": "00:02:07", "end": "00:02:10", "text": "all about privacy, right? This doesn't"}, {"start": "00:02:08", "end": "00:02:12", "text": "wouldn't make any sense. There's four"}, {"start": "00:02:10", "end": "00:02:16", "text": "big reasons. First of all, it's"}, {"start": "00:02:12", "end": "00:02:18", "text": "liquidity. We got here first"}, {"start": "00:02:16", "end": "00:02:20", "text": "and we created the whole infrastructure"}, {"start": "00:02:18", "end": "00:02:23", "text": "of what we have right now for DeFi,"}, {"start": "00:02:20", "end": "00:02:25", "text": "decentralization, for permissionless"}, {"start": "00:02:23", "end": "00:02:26", "text": "blockchains. And if they want to tap"}, {"start": "00:02:25", "end": "00:02:29", "text": "into that, they got to play by the"}, {"start": "00:02:26", "end": "00:02:30", "text": "rules. And that's our rules. And the"}, {"start": "00:02:29", "end": "00:02:32", "text": "private chain, if you take a look at, is"}, {"start": "00:02:30", "end": "00:02:34", "text": "like an island, right? It's only"}, {"start": "00:02:32", "end": "00:02:36", "text": "approved for like different clients of"}, {"start": "00:02:34", "end": "00:02:40", "text": "that particular bank in this situation"}, {"start": "00:02:36", "end": "00:02:42", "text": "with our BNY bank or BNY clients. And as"}, {"start": "00:02:40", "end": "00:02:44", "text": "a reminder for global liquidity, I mean,"}, {"start": "00:02:42", "end": "00:02:46", "text": "we are not a small market. I mean, in"}, {"start": "00:02:44", "end": "00:02:48", "text": "the grand scheme of things, yes, we're"}, {"start": "00:02:46", "end": "00:02:50", "text": "very small compared to like real estates"}, {"start": "00:02:48", "end": "00:02:51", "text": "and all total equities and things like"}, {"start": "00:02:50", "end": "00:02:54", "text": "that. We're probably around three"}, {"start": "00:02:51", "end": "00:02:56", "text": "trillion. But Ethereum and Salana just"}, {"start": "00:02:54", "end": "00:02:58", "text": "by themselves hold 160 billion in stable"}, {"start": "00:02:56", "end": "00:03:00", "text": "coins. Plus, there's billions in"}, {"start": "00:02:58", "end": "00:03:02", "text": "tokenized funds. So there's a liquidity"}, {"start": "00:03:00", "end": "00:03:03", "text": "bull that they want to tap into. Well,"}, {"start": "00:03:02", "end": "00:03:05", "text": "it's not just going to be all"}, {"start": "00:03:03", "end": "00:03:07", "text": "permission. Doesn't make sense. Reason"}, {"start": "00:03:05", "end": "00:03:09", "text": "two, you have to meet crypto natives."}, {"start": "00:03:07", "end": "00:03:11", "text": "Crypto firms, digital asset funds, and"}, {"start": "00:03:09", "end": "00:03:15", "text": "DeFi don't live on bank networks. Yeah."}, {"start": "00:03:11", "end": "00:03:16", "text": "To sell them tokenized funds. BNY again"}, {"start": "00:03:15", "end": "00:03:18", "text": "has got to kind of meet them in the"}, {"start": "00:03:16", "end": "00:03:21", "text": "middle of where they're actually living."}, {"start": "00:03:18", "end": "00:03:23", "text": "Also, if they want 247 365 trading and"}, {"start": "00:03:21", "end": "00:03:26", "text": "they want to use the wallets, well, they"}, {"start": "00:03:23", "end": "00:03:29", "text": "got to come over here. Approved wallets"}, {"start": "00:03:26", "end": "00:03:32", "text": "will trade directly 247 365. No waiting"}, {"start": "00:03:29", "end": "00:03:34", "text": "for BNY's internal ledger to clear every"}, {"start": "00:03:32", "end": "00:03:38", "text": "trade. And I think the big one is this."}, {"start": "00:03:34", "end": "00:03:41", "text": "No multi-bank friction. Bank A's chain"}, {"start": "00:03:38", "end": "00:03:42", "text": "can't talk to bank B's chain. So what"}, {"start": "00:03:41", "end": "00:03:44", "text": "are they going to need? They're going to"}, {"start": "00:03:42", "end": "00:03:45", "text": "need an intermediary, something in the"}, {"start": "00:03:44", "end": "00:03:48", "text": "middle to connect both of them because"}, {"start": "00:03:45", "end": "00:03:50", "text": "two islands can't talk. A public chain"}, {"start": "00:03:48", "end": "00:03:52", "text": "is neutral shared ground for a bank. And"}, {"start": "00:03:50", "end": "00:03:54", "text": "I think it's a big thing between number"}, {"start": "00:03:52", "end": "00:03:57", "text": "four and number one liquidity and just"}, {"start": "00:03:54", "end": "00:03:59", "text": "talking to everything. And that's why I"}, {"start": "00:03:57", "end": "00:04:01", "text": "think these things are happen as far as"}, {"start": "00:03:59", "end": "00:04:03", "text": "like with adoption."}, {"start": "00:04:01", "end": "00:04:06", "text": "Standard charter unlocks direct bitcoin"}, {"start": "00:04:03", "end": "00:04:08", "text": "and ether trading for affluent United"}, {"start": "00:04:06", "end": "00:04:11", "text": "Arab Emirates clients in the Middle"}, {"start": "00:04:08", "end": "00:04:14", "text": "East. So the bank manages custody and"}, {"start": "00:04:11", "end": "00:04:16", "text": "settlement in house via a closed loop"}, {"start": "00:04:14", "end": "00:04:18", "text": "model removing the need for separate"}, {"start": "00:04:16", "end": "00:04:19", "text": "crypto wallets. I thought it was"}, {"start": "00:04:18", "end": "00:04:21", "text": "interesting because they're going to be"}, {"start": "00:04:19", "end": "00:04:24", "text": "allowing everything that a bank does and"}, {"start": "00:04:21", "end": "00:04:26", "text": "give those to the clients. The debut is"}, {"start": "00:04:24", "end": "00:04:27", "text": "a global first for Chandom Charter"}, {"start": "00:04:26", "end": "00:04:29", "text": "according to the bank because it marks"}, {"start": "00:04:27", "end": "00:04:31", "text": "the first time it's offered crypto"}, {"start": "00:04:29", "end": "00:04:33", "text": "trading directly to wealthy clients. And"}, {"start": "00:04:31", "end": "00:04:34", "text": "of course, you start out with the"}, {"start": "00:04:33", "end": "00:04:36", "text": "wealthy clients because they know what"}, {"start": "00:04:34", "end": "00:04:38", "text": "they're doing. They're credit investors."}, {"start": "00:04:36", "end": "00:04:40", "text": "And then you roll it off to the plebs"}, {"start": "00:04:38", "end": "00:04:42", "text": "like us to say, \"Okay, uh the smart"}, {"start": "00:04:40", "end": "00:04:44", "text": "people did it. Now come on over here."}, {"start": "00:04:42", "end": "00:04:46", "text": "You ignoramis and you can try to do"}, {"start": "00:04:44", "end": "00:04:47", "text": "this.\" That's fine. That's what they"}, {"start": "00:04:46", "end": "00:04:49", "text": "want to do. That's the banks. That's why"}, {"start": "00:04:47", "end": "00:04:51", "text": "we got here first. We do it our way."}, {"start": "00:04:49", "end": "00:04:53", "text": "Anyhow, the bank will manage custody and"}, {"start": "00:04:51", "end": "00:04:55", "text": "settlement within its own ecosystem"}, {"start": "00:04:53", "end": "00:04:58", "text": "using closed loop model, meaning clients"}, {"start": "00:04:55", "end": "00:05:00", "text": "will not need separate crypto wallets or"}, {"start": "00:04:58", "end": "00:05:01", "text": "third-party treading platforms. So, it"}, {"start": "00:05:00", "end": "00:05:03", "text": "looks to me like they're actually going"}, {"start": "00:05:01", "end": "00:05:05", "text": "to doing a little bit of a custodial"}, {"start": "00:05:03", "end": "00:05:08", "text": "service. We'll see how that works out."}, {"start": "00:05:05", "end": "00:05:11", "text": "Also, BNY and Citadel Securities, one of"}, {"start": "00:05:08", "end": "00:05:12", "text": "the biggest institutions in the in the"}, {"start": "00:05:11", "end": "00:05:15", "text": "world, well, not the biggest, but one of"}, {"start": "00:05:12", "end": "00:05:17", "text": "them, test tokenized US treasuries to"}, {"start": "00:05:15", "end": "00:05:20", "text": "speed up Wall Street financing."}, {"start": "00:05:17", "end": "00:05:22", "text": "Transaction shows how blockchainbased"}, {"start": "00:05:20", "end": "00:05:25", "text": "government bonds could help trading"}, {"start": "00:05:22", "end": "00:05:26", "text": "firms move collateral faster between"}, {"start": "00:05:25", "end": "00:05:28", "text": "settlement and financing. I got to tell"}, {"start": "00:05:26", "end": "00:05:31", "text": "you, this is why I think the current"}, {"start": "00:05:28", "end": "00:05:34", "text": "administration has embraced crypto. And"}, {"start": "00:05:31", "end": "00:05:35", "text": "of course, we can discuss uh the meme"}, {"start": "00:05:34", "end": "00:05:38", "text": "coins and things like that, but it was a"}, {"start": "00:05:35", "end": "00:05:40", "text": "smart move. If you want the dollar to"}, {"start": "00:05:38", "end": "00:05:43", "text": "retain relevance, that would be the"}, {"start": "00:05:40", "end": "00:05:44", "text": "treasuries to buy America's debt. And if"}, {"start": "00:05:43", "end": "00:05:46", "text": "you can do that in a faster way"}, {"start": "00:05:44", "end": "00:05:49", "text": "possible, like what we're doing right"}, {"start": "00:05:46", "end": "00:05:52", "text": "here, BNY tokenizing US treasuries to"}, {"start": "00:05:49", "end": "00:05:54", "text": "speed up everything uh for financing, so"}, {"start": "00:05:52", "end": "00:05:56", "text": "much the better. So, I like where things"}, {"start": "00:05:54", "end": "00:06:00", "text": "are going in this way. And then also we"}, {"start": "00:05:56", "end": "00:06:02", "text": "talked about uh how BNY Melon was"}, {"start": "00:06:00", "end": "00:06:05", "text": "getting into it and they're in they are"}, {"start": "00:06:02", "end": "00:06:07", "text": "currently in talks with Kraken their"}, {"start": "00:06:05", "end": "00:06:10", "text": "parent company Payword on custody"}, {"start": "00:06:07", "end": "00:06:13", "text": "tokenization infrastructure. So again"}, {"start": "00:06:10", "end": "00:06:14", "text": "when we take a look at like these banks"}, {"start": "00:06:13", "end": "00:06:16", "text": "I can kind of put things together the"}, {"start": "00:06:14", "end": "00:06:18", "text": "little breadcrumbs which you can see"}, {"start": "00:06:16", "end": "00:06:20", "text": "that the banks are moving into our"}, {"start": "00:06:18", "end": "00:06:21", "text": "sector. If you want to watch that video"}, {"start": "00:06:20", "end": "00:06:22", "text": "there's a link in the description you"}, {"start": "00:06:21", "end": "00:06:24", "text": "can check it out. But then you have to"}, {"start": "00:06:22", "end": "00:06:26", "text": "think about is well what are the rails"}, {"start": "00:06:24", "end": "00:06:30", "text": "that they're building it on? Well this"}, {"start": "00:06:26", "end": "00:06:33", "text": "is from Canton and they're like uh yeah"}, {"start": "00:06:30", "end": "00:06:35", "text": "we'll be working with BNY. So BNY and"}, {"start": "00:06:33", "end": "00:06:38", "text": "Goldman Sachs launched a launch a"}, {"start": "00:06:35", "end": "00:06:40", "text": "tokenized money market fund solution."}, {"start": "00:06:38", "end": "00:06:42", "text": "This is also in the video. So I'm not"}, {"start": "00:06:40", "end": "00:06:45", "text": "going to go over this but just know that"}, {"start": "00:06:42", "end": "00:06:48", "text": "Canton is working together with BNY and"}, {"start": "00:06:45", "end": "00:06:51", "text": "Goldman Sachs for money markets. Not too"}, {"start": "00:06:48", "end": "00:06:54", "text": "bad. I'll take a look. I wouldn't uh I"}, {"start": "00:06:51", "end": "00:06:57", "text": "wouldn't pass that over. Also, we talked"}, {"start": "00:06:54", "end": "00:06:59", "text": "about this DTCC and and Canton. Again,"}, {"start": "00:06:57", "end": "00:07:00", "text": "this is an altcoin. So, if you want to"}, {"start": "00:06:59", "end": "00:07:02", "text": "just tune this out because you're not an"}, {"start": "00:07:00", "end": "00:07:03", "text": "altcoin person, that's fine. But just"}, {"start": "00:07:02", "end": "00:07:05", "text": "remember that they're working with the"}, {"start": "00:07:03", "end": "00:07:07", "text": "DTCC, premier post trade market"}, {"start": "00:07:05", "end": "00:07:10", "text": "infrastructure for global financial"}, {"start": "00:07:07", "end": "00:07:13", "text": "services from 19 locations around the"}, {"start": "00:07:10", "end": "00:07:15", "text": "world. And they have a number of uh"}, {"start": "00:07:13", "end": "00:07:17", "text": "total value of transactions that's"}, {"start": "00:07:15", "end": "00:07:20", "text": "quadrillion"}, {"start": "00:07:17", "end": "00:07:27", "text": "four quadrillion 728"}, {"start": "00:07:20", "end": "00:07:29", "text": "trillion 485 billion 680 million 75,444"}, {"start": "00:07:27", "end": "00:07:31", "text": "that's the total value of transactions"}, {"start": "00:07:29", "end": "00:07:33", "text": "just in 2025 and they're working"}, {"start": "00:07:31", "end": "00:07:36", "text": "together with Canton as they launch in"}, {"start": "00:07:33", "end": "00:07:37", "text": "October for more than 30 firms and again"}, {"start": "00:07:36", "end": "00:07:39", "text": "we talked about that in the video you"}, {"start": "00:07:37", "end": "00:07:41", "text": "can check it out a little bit beyond the"}, {"start": "00:07:39", "end": "00:07:43", "text": "scope of today's video. On top of the"}, {"start": "00:07:41", "end": "00:07:45", "text": "other two banks, uh, Russia wants to get"}, {"start": "00:07:43", "end": "00:07:48", "text": "into the game. Russia's largest bank,"}, {"start": "00:07:45", "end": "00:07:50", "text": "Spurbank, I guess that's how you say it,"}, {"start": "00:07:48", "end": "00:07:52", "text": "secures approval to trade crypto."}, {"start": "00:07:50", "end": "00:07:54", "text": "Spurbank"}, {"start": "00:07:52", "end": "00:07:56", "text": "plans to open crypto trading to all"}, {"start": "00:07:54", "end": "00:07:59", "text": "clients December 1st. That's fast. And"}, {"start": "00:07:56", "end": "00:08:01", "text": "is already testing the big three,"}, {"start": "00:07:59", "end": "00:08:04", "text": "Bitcoin, Ethereum, and USDT trades in"}, {"start": "00:08:01", "end": "00:08:07", "text": "its app. So, as they go through, more"}, {"start": "00:08:04", "end": "00:08:08", "text": "banks get into it. The approval marks"}, {"start": "00:08:07", "end": "00:08:11", "text": "another step away from the central"}, {"start": "00:08:08", "end": "00:08:13", "text": "bank's 2022 proposal, this is in Russia,"}, {"start": "00:08:11", "end": "00:08:15", "text": "to ban domestic crypto exchanges and"}, {"start": "00:08:13", "end": "00:08:18", "text": "prohibit Russian financial"}, {"start": "00:08:15", "end": "00:08:20", "text": "intermediaries from handling crypto. And"}, {"start": "00:08:18", "end": "00:08:22", "text": "they just said they just did a 180 and"}, {"start": "00:08:20", "end": "00:08:24", "text": "said, \"Nah, let's do the other way.\" So,"}, {"start": "00:08:22", "end": "00:08:26", "text": "a law that took effect September 1st"}, {"start": "00:08:24", "end": "00:08:29", "text": "instead creates a regulated market"}, {"start": "00:08:26", "end": "00:08:32", "text": "involving banks, brokers, exchanges, and"}, {"start": "00:08:29", "end": "00:08:34", "text": "digital depositories. And just a note to"}, {"start": "00:08:32", "end": "00:08:36", "text": "Congress, that's how it's supposed to be"}, {"start": "00:08:34", "end": "00:08:38", "text": "done. So, if you could just take a cue"}, {"start": "00:08:36", "end": "00:08:41", "text": "from Russia to get things done so we"}, {"start": "00:08:38", "end": "00:08:43", "text": "could move forward, that'd be great. But"}, {"start": "00:08:41", "end": "00:08:46", "text": "until that time, thank you SEC and CFDC"}, {"start": "00:08:43", "end": "00:08:48", "text": "for doing what Congress couldn't do. And"}, {"start": "00:08:46", "end": "00:08:51", "text": "then lastly,"}, {"start": "00:08:48", "end": "00:08:53", "text": "banks moving in. And sometimes it's not"}, {"start": "00:08:51", "end": "00:08:57", "text": "about the banks moving in, it's about"}, {"start": "00:08:53", "end": "00:08:58", "text": "our ecosystems moving out and saying,"}, {"start": "00:08:57", "end": "00:09:00", "text": "you know what, we'll do what we have to"}, {"start": "00:08:58", "end": "00:09:04", "text": "do. Crypto exchange crack an owner to"}, {"start": "00:09:00", "end": "00:09:05", "text": "buy a European bank. So they're like,"}, {"start": "00:09:04", "end": "00:09:07", "text": "you know, we don't have time to wait for"}, {"start": "00:09:05", "end": "00:09:10", "text": "this. Let's just start buying banks."}, {"start": "00:09:07", "end": "00:09:12", "text": "Payword is buying Salo Bank, a"}, {"start": "00:09:10", "end": "00:09:15", "text": "Lithuanian based EU regulated bank, as"}, {"start": "00:09:12", "end": "00:09:18", "text": "it looks to expand its into traditional"}, {"start": "00:09:15", "end": "00:09:19", "text": "banking services such as lending and"}, {"start": "00:09:18", "end": "00:09:21", "text": "issuing cards and loans and things like"}, {"start": "00:09:19", "end": "00:09:23", "text": "that. But wouldn't that be something?"}, {"start": "00:09:21", "end": "00:09:25", "text": "You go into a bank and you have things"}, {"start": "00:09:23", "end": "00:09:26", "text": "in your your checking account and you're"}, {"start": "00:09:25", "end": "00:09:28", "text": "like, \"Hey, I'd like to buy some"}, {"start": "00:09:26", "end": "00:09:30", "text": "Bitcoin. I'd like to buy some Ethereum"}, {"start": "00:09:28", "end": "00:09:33", "text": "or whatever else it is.\" And then you do"}, {"start": "00:09:30", "end": "00:09:35", "text": "that and then uh you know bills come up"}, {"start": "00:09:33", "end": "00:09:37", "text": "and you're like ah you know what I need"}, {"start": "00:09:35", "end": "00:09:40", "text": "to pay for this or do this or I have an"}, {"start": "00:09:37", "end": "00:09:42", "text": "AI agent and they need some funding so I"}, {"start": "00:09:40", "end": "00:09:43", "text": "also need tether and you just be able to"}, {"start": "00:09:42", "end": "00:09:44", "text": "do that through your bank instead of"}, {"start": "00:09:43", "end": "00:09:46", "text": "going through like 10 different things"}, {"start": "00:09:44", "end": "00:09:51", "text": "and different wallets to do it. Now that"}, {"start": "00:09:46", "end": "00:09:53", "text": "I think is the future. Anyhow, co-chair"}, {"start": "00:09:51", "end": "00:09:55", "text": "executive Payward from Kraken says, \"One"}, {"start": "00:09:53", "end": "00:09:57", "text": "of the biggest things that our customers"}, {"start": "00:09:55", "end": "00:09:59", "text": "have been asking us is, I would like to"}, {"start": "00:09:57", "end": "00:10:00", "text": "get products and services and offerings"}, {"start": "00:09:59", "end": "00:10:02", "text": "similar to what I get with another"}, {"start": "00:10:00", "end": "00:10:04", "text": "bank.\" Exactly what we just talked"}, {"start": "00:10:02", "end": "00:10:07", "text": "about. The improvement is putting these"}, {"start": "00:10:04", "end": "00:10:09", "text": "assets on the same rails, cash, crypto,"}, {"start": "00:10:07", "end": "00:10:12", "text": "tokenized stocks, credit, loans, all"}, {"start": "00:10:09", "end": "00:10:15", "text": "under one system. Customers will be able"}, {"start": "00:10:12", "end": "00:10:18", "text": "to borrow and this is crazy. customers"}, {"start": "00:10:15", "end": "00:10:20", "text": "will be able to borrow and lend against"}, {"start": "00:10:18", "end": "00:10:21", "text": "their assets without selling. And I got"}, {"start": "00:10:20", "end": "00:10:24", "text": "to tell you, if you're into like the"}, {"start": "00:10:21", "end": "00:10:28", "text": "hard money markets as far as loans go,"}, {"start": "00:10:24", "end": "00:10:31", "text": "it's uh quite lucrative. Um I mean, as"}, {"start": "00:10:28", "end": "00:10:32", "text": "far as like rates between uh 9 and 12%."}, {"start": "00:10:31", "end": "00:10:35", "text": "And of course, you collateralize that,"}, {"start": "00:10:32", "end": "00:10:38", "text": "but that's outside the scope of of this"}, {"start": "00:10:35", "end": "00:10:40", "text": "video. But it is interesting how you can"}, {"start": "00:10:38", "end": "00:10:42", "text": "do as far as like borrowing and lending."}, {"start": "00:10:40", "end": "00:10:44", "text": "Interesting. this would be easier than"}, {"start": "00:10:42", "end": "00:10:47", "text": "current systems and opens up the"}, {"start": "00:10:44", "end": "00:10:49", "text": "customer's ability to make money on"}, {"start": "00:10:47", "end": "00:10:52", "text": "their assets. I like where things are"}, {"start": "00:10:49", "end": "00:10:54", "text": "going and I like how the chains are"}, {"start": "00:10:52", "end": "00:10:56", "text": "being used and I think this is why"}, {"start": "00:10:54", "end": "00:10:58", "text": "certain chains are upgrading like"}, {"start": "00:10:56", "end": "00:11:01", "text": "Solana."}, {"start": "00:10:58", "end": "00:11:04", "text": "Salana is going through this Alpen glow"}, {"start": "00:11:01", "end": "00:11:08", "text": "upgrade and it's targeting 150"}, {"start": "00:11:04", "end": "00:11:10", "text": "millisecond finality for me in my"}, {"start": "00:11:08", "end": "00:11:12", "text": "small"}, {"start": "00:11:10", "end": "00:11:14", "text": "sector of this space. I think to myself,"}, {"start": "00:11:12", "end": "00:11:16", "text": "I'm like, why do they need to go so"}, {"start": "00:11:14", "end": "00:11:18", "text": "fast? And now it makes sense because"}, {"start": "00:11:16", "end": "00:11:19", "text": "they want to tokenize assets. They want"}, {"start": "00:11:18", "end": "00:11:21", "text": "to get into the equity game. They want"}, {"start": "00:11:19", "end": "00:11:24", "text": "to make everything almost instantaneous."}, {"start": "00:11:21", "end": "00:11:25", "text": "Makes sense. The switch will replace"}, {"start": "00:11:24", "end": "00:11:28", "text": "Salana's existing validator voting"}, {"start": "00:11:25", "end": "00:11:29", "text": "system, remove vote transactions from"}, {"start": "00:11:28", "end": "00:11:31", "text": "blocks. That'd be good because then we"}, {"start": "00:11:29", "end": "00:11:32", "text": "can actually see how much TPS they"}, {"start": "00:11:31", "end": "00:11:35", "text": "actually have and could sharply change"}, {"start": "00:11:32", "end": "00:11:37", "text": "headline transaction counts even if user"}, {"start": "00:11:35", "end": "00:11:38", "text": "activity stays flat. I thought this was"}, {"start": "00:11:37", "end": "00:11:41", "text": "actually gone out, but I guess they were"}, {"start": "00:11:38", "end": "00:11:44", "text": "just testing and it looks like uh the"}, {"start": "00:11:41", "end": "00:11:45", "text": "end of next week that's when things will"}, {"start": "00:11:44", "end": "00:11:48", "text": "be rolled out. So, congratulations"}, {"start": "00:11:45", "end": "00:11:50", "text": "Solana holders. Looks to be like a"}, {"start": "00:11:48", "end": "00:11:52", "text": "pretty big thing. And then having talked"}, {"start": "00:11:50", "end": "00:11:56", "text": "about all those things about cryptos"}, {"start": "00:11:52", "end": "00:12:00", "text": "getting to banks, now we have to realize"}, {"start": "00:11:56", "end": "00:12:02", "text": "that banks are the ones that are doing a"}, {"start": "00:12:00", "end": "00:12:04", "text": "lot of the illicit activity. Now, I know"}, {"start": "00:12:02", "end": "00:12:06", "text": "a lot of people in Congress and most"}, {"start": "00:12:04", "end": "00:12:09", "text": "importantly, Elizabeth Warren would love"}, {"start": "00:12:06", "end": "00:12:13", "text": "to talk about how our space is just"}, {"start": "00:12:09", "end": "00:12:16", "text": "riddled with problems with"}, {"start": "00:12:13", "end": "00:12:19", "text": "oh, you know, terrorism and funding of"}, {"start": "00:12:16", "end": "00:12:21", "text": "of those organizations. Then the cartels"}, {"start": "00:12:19", "end": "00:12:24", "text": "and drugs and all these awful things."}, {"start": "00:12:21", "end": "00:12:26", "text": "But hey, you know what?"}, {"start": "00:12:24", "end": "00:12:30", "text": "So do the banks. Bank of America crashes"}, {"start": "00:12:26", "end": "00:12:34", "text": "over 8% as it was fined $1.2 billion for"}, {"start": "00:12:30", "end": "00:12:35", "text": "money laundering by the USA Treasury. So"}, {"start": "00:12:34", "end": "00:12:37", "text": "I'm not going to get into this. I'm just"}, {"start": "00:12:35", "end": "00:12:40", "text": "going to let you know that uh that's"}, {"start": "00:12:37", "end": "00:12:41", "text": "what happens. And I think for them 1.2"}, {"start": "00:12:40", "end": "00:12:43", "text": "billion is just a slap on the wrist. If"}, {"start": "00:12:41", "end": "00:12:46", "text": "that's the cost of doing business, I"}, {"start": "00:12:43", "end": "00:12:47", "text": "don't see a problem. So, let them do all"}, {"start": "00:12:46", "end": "00:12:49", "text": "the money laundering that they want to,"}, {"start": "00:12:47", "end": "00:12:51", "text": "and then we'll see if anybody in"}, {"start": "00:12:49", "end": "00:12:52", "text": "Congress brings that part up. When they"}, {"start": "00:12:51", "end": "00:12:54", "text": "start to accuse Bitcoin and all the"}, {"start": "00:12:52", "end": "00:12:56", "text": "different digital assets that are out"}, {"start": "00:12:54", "end": "00:12:58", "text": "there as being the worst for illicit"}, {"start": "00:12:56", "end": "00:13:03", "text": "activities, I just don't think that's"}, {"start": "00:12:58", "end": "00:13:04", "text": "true. And finally, inflation is hot. I"}, {"start": "00:13:03", "end": "00:13:06", "text": "think everybody knows this by now. If"}, {"start": "00:13:04", "end": "00:13:08", "text": "you're if you're on X, that's what"}, {"start": "00:13:06", "end": "00:13:10", "text": "everybody's been talking about, how how"}, {"start": "00:13:08", "end": "00:13:11", "text": "incredibly awful it is for inflation."}, {"start": "00:13:10", "end": "00:13:13", "text": "It's not that bad. It's just that we"}, {"start": "00:13:11", "end": "00:13:14", "text": "went above what we thought we were going"}, {"start": "00:13:13", "end": "00:13:18", "text": "to do."}, {"start": "00:13:14", "end": "00:13:23", "text": "CPI last time was 0.4% increase. The"}, {"start": "00:13:18", "end": "00:13:25", "text": "expedition was 0.6. We had 0.6. Core CPI"}, {"start": "00:13:23", "end": "00:13:29", "text": "0.3. The expedition wasn't partic to go"}, {"start": "00:13:25", "end": "00:13:31", "text": "down. I don't know why. Well, I I do"}, {"start": "00:13:29", "end": "00:13:36", "text": "know why. Core CPI would uh take out uh"}, {"start": "00:13:31", "end": "00:13:38", "text": "energy and and um and fuel."}, {"start": "00:13:36", "end": "00:13:40", "text": "So, if we take out different problems"}, {"start": "00:13:38", "end": "00:13:43", "text": "that are going on in Iran with the"}, {"start": "00:13:40", "end": "00:13:44", "text": "escalating cost of oil, it probably"}, {"start": "00:13:43", "end": "00:13:47", "text": "think would go down, but it didn't."}, {"start": "00:13:44", "end": "00:13:51", "text": "Stayed the same. CPI year-over-year"}, {"start": "00:13:47", "end": "00:13:55", "text": "percentage 3.4 to 3.6 go to 3.6. It went"}, {"start": "00:13:51", "end": "00:13:58", "text": "3.7. Okay. And then CPI core last time"}, {"start": "00:13:55", "end": "00:14:02", "text": "was 2.4. They thought 2.5 went to 2.6."}, {"start": "00:13:58", "end": "00:14:05", "text": "So, we can see that it is slowly inching"}, {"start": "00:14:02", "end": "00:14:09", "text": "its way up. And I found this interesting"}, {"start": "00:14:05", "end": "00:14:13", "text": "Fed's speech by Fed vice chair for"}, {"start": "00:14:09", "end": "00:14:16", "text": "supervision Michelle Bowman in Thailand."}, {"start": "00:14:13", "end": "00:14:18", "text": "So a vice chair was talking about h"}, {"start": "00:14:16", "end": "00:14:20", "text": "things like that would probably really"}, {"start": "00:14:18", "end": "00:14:22", "text": "affect our markets which is are we going"}, {"start": "00:14:20", "end": "00:14:24", "text": "to do a rate cut? Are we going to do"}, {"start": "00:14:22", "end": "00:14:27", "text": "nothing? Are we going to do a rate hike?"}, {"start": "00:14:24", "end": "00:14:30", "text": "and she said this. Federal Reserve vice"}, {"start": "00:14:27", "end": "00:14:32", "text": "chair for supervision Michelle Bowman"}, {"start": "00:14:30", "end": "00:14:36", "text": "delivered remarks in Bangkok October"}, {"start": "00:14:32", "end": "00:14:40", "text": "14th, 2026. I guess this was uh today."}, {"start": "00:14:36", "end": "00:14:43", "text": "And she and the u the TLDDR is this no"}, {"start": "00:14:40", "end": "00:14:45", "text": "urgency for rate hikes. Bman states she"}, {"start": "00:14:43", "end": "00:14:46", "text": "feels no urgency for taking further"}, {"start": "00:14:45", "end": "00:14:49", "text": "action at this point. emphasized that"}, {"start": "00:14:46", "end": "00:14:51", "text": "officials really need to take some time"}, {"start": "00:14:49", "end": "00:14:54", "text": "and understand how things will evolve"}, {"start": "00:14:51", "end": "00:14:57", "text": "following the Fed's uh uh cutting or"}, {"start": "00:14:54", "end": "00:14:59", "text": "raising of rates last attempt. And she"}, {"start": "00:14:57", "end": "00:15:00", "text": "goes through a wait and see approach."}, {"start": "00:14:59", "end": "00:15:03", "text": "She noted that the central bank has room"}, {"start": "00:15:00", "end": "00:15:05", "text": "to assess how financial markets in the"}, {"start": "00:15:03", "end": "00:15:07", "text": "broader economy adjust after the policy"}, {"start": "00:15:05", "end": "00:15:09", "text": "rate was raised by a quarter of a"}, {"start": "00:15:07", "end": "00:15:12", "text": "percentage last time. So, she's kind of"}, {"start": "00:15:09", "end": "00:15:15", "text": "doubbish, not really too much of a hawk."}, {"start": "00:15:12", "end": "00:15:18", "text": "And because of that, nobody cares. And"}, {"start": "00:15:15", "end": "00:15:20", "text": "you've got the target rate probabilities"}, {"start": "00:15:18", "end": "00:15:24", "text": "as far as like"}, {"start": "00:15:20", "end": "00:15:26", "text": "a little bit of a hike. It was I think a"}, {"start": "00:15:24", "end": "00:15:28", "text": "7030 split. Now we're looking at a 5841"}, {"start": "00:15:26", "end": "00:15:31", "text": "split, but we'll see. And before this"}, {"start": "00:15:28", "end": "00:15:33", "text": "was like almost like a 50/50. So we'll"}, {"start": "00:15:31", "end": "00:15:36", "text": "see how it all goes. Again, the next"}, {"start": "00:15:33", "end": "00:15:37", "text": "meeting is 28th of October. We'll see if"}, {"start": "00:15:36", "end": "00:15:40", "text": "they raise rates. And then we'll have to"}, {"start": "00:15:37", "end": "00:15:42", "text": "also summize if this is already priced"}, {"start": "00:15:40", "end": "00:15:44", "text": "in. It might be, but we'll see. I think"}, {"start": "00:15:42", "end": "00:15:46", "text": "a lot of people don't think they'll do"}, {"start": "00:15:44", "end": "00:15:48", "text": "anything. They think they're going to"}, {"start": "00:15:46", "end": "00:15:50", "text": "stay the course on October, but then"}, {"start": "00:15:48", "end": "00:15:56", "text": "they're going to raise in December."}, {"start": "00:15:50", "end": "00:15:57", "text": "We'll see how it goes. And then lastly,"}, {"start": "00:15:56", "end": "00:16:01", "text": "ledger hack. And I'm I'm not going to"}, {"start": "00:15:57", "end": "00:16:04", "text": "read this email that I got. We'll talk"}, {"start": "00:16:01", "end": "00:16:06", "text": "about it in Q&A if you want to. But the"}, {"start": "00:16:04", "end": "00:16:08", "text": "big thing is somebody emailed me. They"}, {"start": "00:16:06", "end": "00:16:10", "text": "said, \"Hey, Rob, this is what happened."}, {"start": "00:16:08", "end": "00:16:12", "text": "They bought a ledger. Yes, it was from a"}, {"start": "00:16:10", "end": "00:16:14", "text": "third party. they're in Indonesia."}, {"start": "00:16:12", "end": "00:16:17", "text": "That's the only way that they can get it"}, {"start": "00:16:14", "end": "00:16:18", "text": "because Ledger doesn't ship out there."}, {"start": "00:16:17", "end": "00:16:20", "text": "And uh he's just saying like, you know,"}, {"start": "00:16:18", "end": "00:16:23", "text": "I lost 200,000. Now I have to, you know,"}, {"start": "00:16:20", "end": "00:16:24", "text": "my wife's in pieces. Approximately"}, {"start": "00:16:23", "end": "00:16:27", "text": "200,000 is a significant portion of what"}, {"start": "00:16:24", "end": "00:16:29", "text": "I had worked to build over the years and"}, {"start": "00:16:27", "end": "00:16:30", "text": "the experience has been extremely"}, {"start": "00:16:29", "end": "00:16:32", "text": "difficult to say the least. And he talks"}, {"start": "00:16:30", "end": "00:16:35", "text": "about how he just was staring at the"}, {"start": "00:16:32", "end": "00:16:37", "text": "screen, couldn't believe it was gone."}, {"start": "00:16:35", "end": "00:16:39", "text": "And again, I"}, {"start": "00:16:37", "end": "00:16:41", "text": "everybody's going to be like, well, some"}, {"start": "00:16:39", "end": "00:16:43", "text": "people can't buy directly from Ledger."}, {"start": "00:16:41", "end": "00:16:47", "text": "Some people have limited options. And"}, {"start": "00:16:43", "end": "00:16:50", "text": "then that plus like what's to stop"}, {"start": "00:16:47", "end": "00:16:52", "text": "another card cold storage device going,"}, {"start": "00:16:50", "end": "00:16:53", "text": "\"Oh, well, if you just would have done"}, {"start": "00:16:52", "end": "00:16:56", "text": "this, then this wouldn't happen.\" It"}, {"start": "00:16:53", "end": "00:16:58", "text": "seemed like we're playing whack-a-ole."}, {"start": "00:16:56", "end": "00:17:02", "text": "And uh just not very comfortable with"}, {"start": "00:16:58", "end": "00:17:05", "text": "it. So, as a subtle reminder,"}, {"start": "00:17:02", "end": "00:17:08", "text": "diversification of storage devices will"}, {"start": "00:17:05", "end": "00:17:11", "text": "help you, I think. And then, uh, I use"}, {"start": "00:17:08", "end": "00:17:14", "text": "Tandem getting away from ledger. You can"}, {"start": "00:17:11", "end": "00:17:16", "text": "do an ETF or IT trust custody. But I"}, {"start": "00:17:14", "end": "00:17:17", "text": "just learned this today that uh because"}, {"start": "00:17:16", "end": "00:17:19", "text": "someone had said, \"Well, Rob, if you go"}, {"start": "00:17:17", "end": "00:17:22", "text": "through IT trust custody, they only have"}, {"start": "00:17:19", "end": "00:17:24", "text": "one uh custodial service, which is"}, {"start": "00:17:22", "end": "00:17:25", "text": "Coinbase Prime.\" And I was like, \"Shoot,"}, {"start": "00:17:24", "end": "00:17:26", "text": "you're right.\" But I reached out to"}, {"start": "00:17:25", "end": "00:17:28", "text": "those guys and they're like, \"No, no, we"}, {"start": "00:17:26", "end": "00:17:30", "text": "use Fidelity Digital and Fireblocks. We"}, {"start": "00:17:28", "end": "00:17:31", "text": "have three custodial services for that."}, {"start": "00:17:30", "end": "00:17:34", "text": "So I was like, \"Oh, I should probably"}, {"start": "00:17:31", "end": "00:17:36", "text": "remind people of that.\" Anyhow, that's"}, {"start": "00:17:34", "end": "00:17:37", "text": "it for today. If you like today's video,"}, {"start": "00:17:36", "end": "00:17:38", "text": "give it a thumbs up. Consider"}, {"start": "00:17:37", "end": "00:17:40", "text": "subscribing. Every talk about is"}, {"start": "00:17:38", "end": "00:17:42", "text": "relatively timesensitive."}, {"start": "00:17:40", "end": "00:17:44", "text": "Now, let's get into a little Q&A. Answer"}, {"start": "00:17:42", "end": "00:17:47", "text": "all your questions and we'll go from"}, {"start": "00:17:44", "end": "00:17:49", "text": "there."}, {"start": "00:17:47", "end": "00:17:51", "text": "Rebecca says, \"Rob, can you get Simon"}, {"start": "00:17:49", "end": "00:17:55", "text": "Dixon to speak at ITC conference?\" I"}, {"start": "00:17:51", "end": "00:17:58", "text": "could ask, you know, we'll see. We'll"}, {"start": "00:17:55", "end": "00:18:00", "text": "see what happens. Gas fee fees. Liz"}, {"start": "00:17:58", "end": "00:18:01", "text": "Warren quickly hiding behind an intern"}, {"start": "00:18:00", "end": "00:18:04", "text": "when showing the Bank of America. That's"}, {"start": "00:18:01", "end": "00:18:07", "text": "funny. What what Gassie is referring to"}, {"start": "00:18:04", "end": "00:18:10", "text": "is, you know, everybody's railing on"}, {"start": "00:18:07", "end": "00:18:11", "text": "against global warming, how we shouldn't"}, {"start": "00:18:10", "end": "00:18:13", "text": "waste so many things and fossil fuels"}, {"start": "00:18:11", "end": "00:18:15", "text": "are awful. There's this video of"}, {"start": "00:18:13", "end": "00:18:17", "text": "Elizabeth Warren emerging from a private"}, {"start": "00:18:15", "end": "00:18:19", "text": "jet and she immediately hides behind."}, {"start": "00:18:17", "end": "00:18:21", "text": "It's a funny thing because they actually"}, {"start": "00:18:19", "end": "00:18:23", "text": "did the same thing with Bernie Sanders."}, {"start": "00:18:21", "end": "00:18:24", "text": "Like Bernie, you know, you talk about,"}, {"start": "00:18:23", "end": "00:18:25", "text": "you know, not using so many things like"}, {"start": "00:18:24", "end": "00:18:27", "text": "that, but isn't that hypocritical"}, {"start": "00:18:25", "end": "00:18:29", "text": "because you fly everywhere in your"}, {"start": "00:18:27", "end": "00:18:31", "text": "private jet? He's like, listen, what I"}, {"start": "00:18:29", "end": "00:18:34", "text": "do on my own time is because I am"}, {"start": "00:18:31", "end": "00:18:35", "text": "senator and I have to do these things."}, {"start": "00:18:34", "end": "00:18:37", "text": "Do you want to sit around? I got to get"}, {"start": "00:18:35", "end": "00:18:40", "text": "things done. I was like, that's your"}, {"start": "00:18:37", "end": "00:18:41", "text": "reasoning? That was awful. But yeah,"}, {"start": "00:18:40", "end": "00:18:44", "text": "it's kind of funny. That's how it is."}, {"start": "00:18:41", "end": "00:18:47", "text": "Yeah. Live. Look at that. Meme is here."}, {"start": "00:18:44", "end": "00:18:48", "text": "Bot is here."}, {"start": "00:18:47", "end": "00:18:51", "text": "The overwhelming majority of all the"}, {"start": "00:18:48", "end": "00:18:54", "text": "crooks out there still use dollar. it."}, {"start": "00:18:51", "end": "00:18:55", "text": "Look, if you want to hide a transaction,"}, {"start": "00:18:54", "end": "00:18:57", "text": "there's nothing better than a dollar."}, {"start": "00:18:55", "end": "00:18:59", "text": "I'm just gonna, speaking from"}, {"start": "00:18:57", "end": "00:19:01", "text": "experience, I can just tell you that's"}, {"start": "00:18:59", "end": "00:19:03", "text": "pretty much the truth. Oh, another thing"}, {"start": "00:19:01", "end": "00:19:06", "text": "here in Puerto Rico, like everybody"}, {"start": "00:19:03", "end": "00:19:09", "text": "works on the dollar. Uh, they're like,"}, {"start": "00:19:06", "end": "00:19:11", "text": "\"Can I can I pay you with like a or can"}, {"start": "00:19:09", "end": "00:19:13", "text": "I pay you like PayPal or Venmo?\" Like,"}, {"start": "00:19:11", "end": "00:19:14", "text": "no."}, {"start": "00:19:13", "end": "00:19:17", "text": "Check"}, {"start": "00:19:14", "end": "00:19:20", "text": "maybe, but just give me give me cash."}, {"start": "00:19:17", "end": "00:19:22", "text": "You know why? Hard to track cash."}, {"start": "00:19:20", "end": "00:19:24", "text": "Ah, that's right. This was a good one."}, {"start": "00:19:22", "end": "00:19:26", "text": "Richard Hart was arrested. This is"}, {"start": "00:19:24", "end": "00:19:28", "text": "exactly what happens. You put all your"}, {"start": "00:19:26", "end": "00:19:29", "text": "personal business on the internet for"}, {"start": "00:19:28", "end": "00:19:30", "text": "the whole world to see. Well, it's not"}, {"start": "00:19:29", "end": "00:19:35", "text": "just that. I mean, I do a lot of that,"}, {"start": "00:19:30", "end": "00:19:38", "text": "but it's about uh being fraudulent"}, {"start": "00:19:35", "end": "00:19:40", "text": "and steering your followers into a"}, {"start": "00:19:38", "end": "00:19:42", "text": "disaster."}, {"start": "00:19:40", "end": "00:19:46", "text": "So, that's not really a great thing. And"}, {"start": "00:19:42", "end": "00:19:48", "text": "then, of course, when you lie to people,"}, {"start": "00:19:46", "end": "00:19:49", "text": "although we're all not perfect, right?"}, {"start": "00:19:48", "end": "00:19:51", "text": "[sighs]"}, {"start": "00:19:49", "end": "00:19:54", "text": "Like he who was without sin, let him"}, {"start": "00:19:51", "end": "00:19:56", "text": "cast the first stone. Correct."}, {"start": "00:19:54", "end": "00:19:59", "text": "But uh I think Richard Hart went a"}, {"start": "00:19:56", "end": "00:20:00", "text": "little bit over the line. So"}, {"start": "00:19:59", "end": "00:20:03", "text": "yeah, I guess he's going to serve some"}, {"start": "00:20:00", "end": "00:20:06", "text": "time."}, {"start": "00:20:03", "end": "00:20:08", "text": "You're never going to lose your wrench."}, {"start": "00:20:06", "end": "00:20:10", "text": "Yeah. Richard Hart arrested by Istanbul"}, {"start": "00:20:08", "end": "00:20:14", "text": "police in Turkey. I think is that movie"}, {"start": "00:20:10", "end": "00:20:14", "text": "Midnight Express. Yeah."}, {"start": "00:20:15", "end": "00:20:19", "text": "And"}, {"start": "00:20:17", "end": "00:20:22", "text": "nope."}, {"start": "00:20:19", "end": "00:20:25", "text": "Yeah, we're all hypocrites. That's 100%"}, {"start": "00:20:22", "end": "00:20:25", "text": "true."}, {"start": "00:20:26", "end": "00:20:30", "text": "I wish I could I wish I could buy a 100"}, {"start": "00:20:29", "end": "00:20:32", "text": "ledgers and resell them on this channel."}, {"start": "00:20:30", "end": "00:20:34", "text": "Buy that again. Never buy from"}, {"start": "00:20:32", "end": "00:20:36", "text": "resellers. Exactly."}, {"start": "00:20:34", "end": "00:20:39", "text": "And uh you know like you have limited"}, {"start": "00:20:36", "end": "00:20:40", "text": "options in specific countries to just do"}, {"start": "00:20:39", "end": "00:20:42", "text": "like Hong Kong, you can only get so"}, {"start": "00:20:40", "end": "00:20:46", "text": "much. Vietnam, you can't get ledger"}, {"start": "00:20:42", "end": "00:20:48", "text": "there. It's a it's a big pain. But, uh,"}, {"start": "00:20:46", "end": "00:20:51", "text": "I'll, you know, I'll tip my hat to Plan"}, {"start": "00:20:48", "end": "00:20:54", "text": "B. He's the one that said that he"}, {"start": "00:20:51", "end": "00:20:56", "text": "transferred everything to a Bitcoin ETF."}, {"start": "00:20:54", "end": "00:20:57", "text": "And we talked about this and he's like,"}, {"start": "00:20:56", "end": "00:21:01", "text": "\"Well, I don't have to worry about a"}, {"start": "00:20:57", "end": "00:21:03", "text": "hack.\" But I will say"}, {"start": "00:21:01", "end": "00:21:06", "text": "the market's a funny thing. We're not"}, {"start": "00:21:03", "end": "00:21:08", "text": "expecting any hacks to go through these"}, {"start": "00:21:06", "end": "00:21:10", "text": "custodial services, right? We're not"}, {"start": "00:21:08", "end": "00:21:12", "text": "expecting We're hoping there's no hacks"}, {"start": "00:21:10", "end": "00:21:14", "text": "at Coinbase Prime. We're we're hoping"}, {"start": "00:21:12", "end": "00:21:16", "text": "there's no hacks in Fireblocks or or"}, {"start": "00:21:14", "end": "00:21:19", "text": "Fidelity Digital, but what if it does"}, {"start": "00:21:16", "end": "00:21:21", "text": "happen? What if somebody's able to hack"}, {"start": "00:21:19", "end": "00:21:22", "text": "into it using AI, some kind of"}, {"start": "00:21:21", "end": "00:21:24", "text": "sophistication"}, {"start": "00:21:22", "end": "00:21:27", "text": "and the ETSs can't pay things back? You"}, {"start": "00:21:24", "end": "00:21:29", "text": "see that?"}, {"start": "00:21:27", "end": "00:21:32", "text": "I don't even think it would matter if"}, {"start": "00:21:29", "end": "00:21:35", "text": "you're Well, it wouldn't matter, I"}, {"start": "00:21:32", "end": "00:21:38", "text": "suppose. But if that happens, watch"}, {"start": "00:21:35", "end": "00:21:40", "text": "watch the crypto market collapse just"}, {"start": "00:21:38", "end": "00:21:43", "text": "like it did when FTX, Celsius, Voyager,"}, {"start": "00:21:40", "end": "00:21:45", "text": "and Block Fight went down the tubes. So,"}, {"start": "00:21:43", "end": "00:21:47", "text": "let's uh let's hope that they've got"}, {"start": "00:21:45", "end": "00:21:50", "text": "some really good security and they're on"}, {"start": "00:21:47", "end": "00:21:50", "text": "top of things."}, {"start": "00:21:52", "end": "00:21:55", "text": "James says, \"Don't forget to mention"}, {"start": "00:21:54", "end": "00:21:58", "text": "that Twitter post about victim's fund"}, {"start": "00:21:55", "end": "00:22:02", "text": "transfer to KCoin.\""}, {"start": "00:21:58", "end": "00:22:04", "text": "Kcoin's essentially there. like like"}, {"start": "00:22:02", "end": "00:22:06", "text": "what Elizabeth Warren is talking about."}, {"start": "00:22:04", "end": "00:22:07", "text": "That would be that exchange. And of"}, {"start": "00:22:06", "end": "00:22:12", "text": "course, people say, \"I use KCoin. It's"}, {"start": "00:22:07", "end": "00:22:14", "text": "fantastic. I'm sure it is.\" Man, you're"}, {"start": "00:22:12", "end": "00:22:18", "text": "looking for some some some wacky"}, {"start": "00:22:14", "end": "00:22:20", "text": "transactions, it'll be that. And uh I'm"}, {"start": "00:22:18", "end": "00:22:22", "text": "just saying actually I don't even need"}, {"start": "00:22:20", "end": "00:22:24", "text": "to say it allegedly because it's true."}, {"start": "00:22:22", "end": "00:22:26", "text": "You can track all the transactions and a"}, {"start": "00:22:24", "end": "00:22:29", "text": "lot of them go through Google."}, {"start": "00:22:26", "end": "00:22:30", "text": "All right. Yeah. Cash economy in Puerto"}, {"start": "00:22:29", "end": "00:22:32", "text": "Rico."}, {"start": "00:22:30", "end": "00:22:35", "text": "And that's it everybody. That's it. We"}, {"start": "00:22:32", "end": "00:22:36", "text": "did it before 30 minutes. All right. So"}, {"start": "00:22:35", "end": "00:22:38", "text": "everybody, that's it for today. Like"}, {"start": "00:22:36", "end": "00:22:42", "text": "today's video, like and subscribe, all"}, {"start": "00:22:38", "end": "00:22:44", "text": "that great stuff. Again, um"}, {"start": "00:22:42", "end": "00:22:47", "text": "I urge you to take a look at your"}, {"start": "00:22:44", "end": "00:22:50", "text": "security and uh maybe think about"}, {"start": "00:22:47", "end": "00:22:51", "text": "diversification of storage just like you"}, {"start": "00:22:50", "end": "00:22:53", "text": "diversify your fund. But that's it for"}, {"start": "00:22:51", "end": "00:22:54", "text": "today. Thanks much everybody. I"}, {"start": "00:22:53", "end": "00:22:57", "text": "appreciate you. See you on the next one."}, {"start": "00:22:54", "end": "00:22:57", "text": "Adios."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "So the thesis is playing out as the long"}, {"start": "00:00:03", "end": "00:00:07", "text": "as the government continues to debase"}, {"start": "00:00:05", "end": "00:00:10", "text": "the currency, I will keep buying"}, {"start": "00:00:07", "end": "00:00:12", "text": "Bitcoin. So welcome to the late night"}, {"start": "00:00:10", "end": "00:00:14", "text": "live stream. A little hectic day, but"}, {"start": "00:00:12", "end": "00:00:18", "text": "let's just jump into it. So first of"}, {"start": "00:00:14", "end": "00:00:21", "text": "all, Presidente Trump, there is a uh"}, {"start": "00:00:18", "end": "00:00:23", "text": "this was actually a video that he posted"}, {"start": "00:00:21", "end": "00:00:25", "text": "uh a couple weeks ago or so, and I just"}, {"start": "00:00:23", "end": "00:00:28", "text": "found it interesting that it's been"}, {"start": "00:00:25", "end": "00:00:30", "text": "replayed and reposted. And what he's"}, {"start": "00:00:28", "end": "00:00:32", "text": "promising is essentially $1.3 trillion"}, {"start": "00:00:30", "end": "00:00:34", "text": "to everybody if they do this particular"}, {"start": "00:00:32", "end": "00:00:35", "text": "thing. Just take a listen to this. It's"}, {"start": "00:00:34", "end": "00:00:39", "text": "about 30 seconds or so. So everybody"}, {"start": "00:00:35", "end": "00:00:40", "text": "understands exactly where this party is"}, {"start": "00:00:39", "end": "00:00:43", "text": "talking about."}, {"start": "00:00:40", "end": "00:00:45", "text": ">> I'm going to give all adult citizens in"}, {"start": "00:00:43", "end": "00:00:47", "text": "the United States of America $5,000."}, {"start": "00:00:45", "end": "00:00:49", "text": "[music]"}, {"start": "00:00:47", "end": "00:00:51", "text": "Democrat policies won't allow this to"}, {"start": "00:00:49", "end": "00:00:53", "text": "happen. In fact, the opposite. They're"}, {"start": "00:00:51", "end": "00:00:55", "text": "going to raise your taxes. [music] If"}, {"start": "00:00:53", "end": "00:00:57", "text": "the Democrats win, you will have an"}, {"start": "00:00:55", "end": "00:01:01", "text": "economic depression. If the Republicans"}, {"start": "00:00:57", "end": "00:01:03", "text": "win, you will each [music] have $5,000"}, {"start": "00:01:01", "end": "00:01:06", "text": "in your pocket and economic success for"}, {"start": "00:01:03", "end": "00:01:10", "text": "our country like we have never [music]"}, {"start": "00:01:06", "end": "00:01:12", "text": "ever seen before."}, {"start": "00:01:10", "end": "00:01:14", "text": ">> Okay, so that's from the uh president's"}, {"start": "00:01:12", "end": "00:01:16", "text": "official ex account. And again, on this"}, {"start": "00:01:14", "end": "00:01:18", "text": "channel, we're not political, so who are"}, {"start": "00:01:16", "end": "00:01:20", "text": "we going to vote for is up to you."}, {"start": "00:01:18", "end": "00:01:22", "text": "That's your decision. But uh again, the"}, {"start": "00:01:20", "end": "00:01:25", "text": "thesis that I've always said is as long"}, {"start": "00:01:22", "end": "00:01:26", "text": "as the government continues to print"}, {"start": "00:01:25", "end": "00:01:28", "text": "more dollars, and that's every"}, {"start": "00:01:26", "end": "00:01:31", "text": "government out there and continues to"}, {"start": "00:01:28", "end": "00:01:33", "text": "debase the currency, we must invest into"}, {"start": "00:01:31", "end": "00:01:34", "text": "assets. Now, I can't tell you which"}, {"start": "00:01:33", "end": "00:01:37", "text": "assets to invest into. I'm not a"}, {"start": "00:01:34", "end": "00:01:39", "text": "financial adviser, but I like real"}, {"start": "00:01:37", "end": "00:01:41", "text": "estate. I like precious metals. I really"}, {"start": "00:01:39", "end": "00:01:44", "text": "like Bitcoin. And I think these are the"}, {"start": "00:01:41", "end": "00:01:47", "text": "things that will stand the test of time,"}, {"start": "00:01:44", "end": "00:01:49", "text": "especially if this comes out. Now, uh,"}, {"start": "00:01:47", "end": "00:01:51", "text": "don't get too excited because community"}, {"start": "00:01:49", "end": "00:01:53", "text": "notes will always get you. Apparent"}, {"start": "00:01:51", "end": "00:01:55", "text": "context needed. Trump previously"}, {"start": "00:01:53", "end": "00:01:57", "text": "promised two dividends and never"}, {"start": "00:01:55", "end": "00:02:00", "text": "followed through. In early 2025, Trump"}, {"start": "00:01:57", "end": "00:02:02", "text": "publicly backed a roughly $5,000 Doge"}, {"start": "00:02:00", "end": "00:02:04", "text": "dividend. Remember that one? Didn't come"}, {"start": "00:02:02", "end": "00:02:07", "text": "to fruition. In November 2025, he"}, {"start": "00:02:04", "end": "00:02:10", "text": "promised a $2,000 tariff dividend, and"}, {"start": "00:02:07", "end": "00:02:13", "text": "that didn't happen either. So if this"}, {"start": "00:02:10", "end": "00:02:15", "text": "goes through $5,000 for every adult"}, {"start": "00:02:13", "end": "00:02:18", "text": "American citizen, you're looking at $1.3"}, {"start": "00:02:15", "end": "00:02:20", "text": "trillion. And again, that's just a flash"}, {"start": "00:02:18", "end": "00:02:23", "text": "in the pan. That's what America does. We"}, {"start": "00:02:20", "end": "00:02:26", "text": "print money. And I have to tell you, as"}, {"start": "00:02:23", "end": "00:02:28", "text": "long as we continue on the long road, I"}, {"start": "00:02:26", "end": "00:02:30", "text": "think we're all going to be just fine"}, {"start": "00:02:28", "end": "00:02:32", "text": "with where we're at and what we're"}, {"start": "00:02:30", "end": "00:02:36", "text": "investing into. Actually, I took a look"}, {"start": "00:02:32", "end": "00:02:38", "text": "just to recount and go backwards. Uh"}, {"start": "00:02:36", "end": "00:02:39", "text": "this is the Bitcoin four-year cycle"}, {"start": "00:02:38", "end": "00:02:41", "text": "tracker. You can find this on Dante's"}, {"start": "00:02:39", "end": "00:02:43", "text": "Crypto. It's my website. It's free. It's"}, {"start": "00:02:41", "end": "00:02:48", "text": "always will be free. And we get to see"}, {"start": "00:02:43", "end": "00:02:51", "text": "that uh in 2021 we're at 59,000."}, {"start": "00:02:48", "end": "00:02:54", "text": "2021, November 22nd, 2021."}, {"start": "00:02:51", "end": "00:02:57", "text": "And that was just 13% down from the"}, {"start": "00:02:54", "end": "00:03:00", "text": "all-time high of 67,000."}, {"start": "00:02:57", "end": "00:03:03", "text": "And if we fast forward to four years"}, {"start": "00:03:00", "end": "00:03:07", "text": "later, or roughly roughly four years"}, {"start": "00:03:03", "end": "00:03:10", "text": "ago, November 22nd,"}, {"start": "00:03:07", "end": "00:03:13", "text": "2025, we were 32% down from the all-time"}, {"start": "00:03:10", "end": "00:03:15", "text": "high. Isn't that crazy? Just just"}, {"start": "00:03:13", "end": "00:03:18", "text": "thinking about that. 85,000."}, {"start": "00:03:15", "end": "00:03:21", "text": "Now, if we move forward,"}, {"start": "00:03:18", "end": "00:03:24", "text": "where are we at?"}, {"start": "00:03:21", "end": "00:03:27", "text": "Uh, we're roughly actually, let's see if"}, {"start": "00:03:24", "end": "00:03:30", "text": "I can get it right on the button. I"}, {"start": "00:03:27", "end": "00:03:33", "text": "think we're like October 13th or so."}, {"start": "00:03:30", "end": "00:03:33", "text": "Pretty good."}, {"start": "00:03:33", "end": "00:03:37", "text": "We are"}, {"start": "00:03:37", "end": "00:03:41", "text": "like, let me go back a little bit. Sorry"}, {"start": "00:03:39", "end": "00:03:44", "text": "about that. October 13th. There we go."}, {"start": "00:03:41", "end": "00:03:47", "text": "83,495 somewhere around there. It's the"}, {"start": "00:03:44", "end": "00:03:50", "text": "same price. So, we've had all this time"}, {"start": "00:03:47", "end": "00:03:53", "text": "to dollar cost average and move across."}, {"start": "00:03:50", "end": "00:03:54", "text": "I got to tell you the ones that were"}, {"start": "00:03:53", "end": "00:03:58", "text": "buying when we were talking about the"}, {"start": "00:03:54", "end": "00:04:01", "text": "200 week moving average as the currency"}, {"start": "00:03:58", "end": "00:04:03", "text": "continues to be debased and we see"}, {"start": "00:04:01", "end": "00:04:06", "text": "inflation going up did pretty well. I"}, {"start": "00:04:03", "end": "00:04:08", "text": "mean, as we bought the lows around 58"}, {"start": "00:04:06", "end": "00:04:11", "text": "somewhere around there, and I have to"}, {"start": "00:04:08", "end": "00:04:14", "text": "say that uh I think the ones that have"}, {"start": "00:04:11", "end": "00:04:15", "text": "the cool hand patience that I think many"}, {"start": "00:04:14", "end": "00:04:19", "text": "of us do, especially you watching this"}, {"start": "00:04:15", "end": "00:04:21", "text": "video, you probably do really well. And"}, {"start": "00:04:19", "end": "00:04:23", "text": "uh you know who's doing really great?"}, {"start": "00:04:21", "end": "00:04:25", "text": "Michael Sailor. This is from an he says"}, {"start": "00:04:23", "end": "00:04:28", "text": "Michael Sailor has gone through his"}, {"start": "00:04:25", "end": "00:04:31", "text": "second year-long Bitcoin bare market and"}, {"start": "00:04:28", "end": "00:04:33", "text": "came out with 4% of all the Bitcoin,"}, {"start": "00:04:31", "end": "00:04:34", "text": "roughly 840ome,000"}, {"start": "00:04:33", "end": "00:04:37", "text": "Bitcoin. Correct me in the comment"}, {"start": "00:04:34", "end": "00:04:40", "text": "section. And he's also got billions in"}, {"start": "00:04:37", "end": "00:04:42", "text": "cash and close to zero net debt. Again,"}, {"start": "00:04:40", "end": "00:04:44", "text": "I got to tell you, just sticking around,"}, {"start": "00:04:42", "end": "00:04:47", "text": "being in the right place at the right"}, {"start": "00:04:44", "end": "00:04:49", "text": "time really helps out a whole heck of a"}, {"start": "00:04:47", "end": "00:04:51", "text": "lot. I know it seems like we're throwing"}, {"start": "00:04:49", "end": "00:04:52", "text": "sand in the ocean, but uh just stick"}, {"start": "00:04:51", "end": "00:04:54", "text": "around. I think you're going to like"}, {"start": "00:04:52", "end": "00:04:55", "text": "where we're going. Anyhow, let me know"}, {"start": "00:04:54", "end": "00:04:58", "text": "what you think about all this in the"}, {"start": "00:04:55", "end": "00:05:01", "text": "comments section, but we talk about"}, {"start": "00:04:58", "end": "00:05:04", "text": "Bitcoin, and I"}, {"start": "00:05:01", "end": "00:05:06", "text": "think that Bitcoin is going to do just"}, {"start": "00:05:04", "end": "00:05:10", "text": "great just by itself. It just usually"}, {"start": "00:05:06", "end": "00:05:13", "text": "does. It's the oldest then the first"}, {"start": "00:05:10", "end": "00:05:16", "text": "cryptocurrency out there. It has the"}, {"start": "00:05:13", "end": "00:05:20", "text": "largest potential as far as like"}, {"start": "00:05:16", "end": "00:05:23", "text": "stability or stable uprise or upswing."}, {"start": "00:05:20", "end": "00:05:25", "text": "But I think now is the time to really"}, {"start": "00:05:23", "end": "00:05:27", "text": "start to think about those altcoins,"}, {"start": "00:05:25", "end": "00:05:29", "text": "those digital assets. And what really we"}, {"start": "00:05:27", "end": "00:05:31", "text": "should be focusing on is, as I've talked"}, {"start": "00:05:29", "end": "00:05:32", "text": "about in the channel many times, it's"}, {"start": "00:05:31", "end": "00:05:36", "text": "payments and tokenization of real world"}, {"start": "00:05:32", "end": "00:05:37", "text": "assets. But of course, the payments, it"}, {"start": "00:05:36", "end": "00:05:41", "text": "really is going to come down to AI"}, {"start": "00:05:37", "end": "00:05:43", "text": "agentic agent payments."}, {"start": "00:05:41", "end": "00:05:46", "text": "And there was this comment. This is from"}, {"start": "00:05:43", "end": "00:05:47", "text": "Matt Hogan from Bitwise. And I want you"}, {"start": "00:05:46", "end": "00:05:48", "text": "to just take a listen to this. It's"}, {"start": "00:05:47", "end": "00:05:50", "text": "about 20 seconds. I'm not gonna play the"}, {"start": "00:05:48", "end": "00:05:50", "text": "whole clip, but just listen to what he"}, {"start": "00:05:50", "end": "00:05:52", "text": "talks about."}, {"start": "00:05:50", "end": "00:05:54", "text": ">> That doesn't strike me as absurd if it"}, {"start": "00:05:52", "end": "00:05:57", "text": "actually executes on this vision. Like"}, {"start": "00:05:54", "end": "00:05:59", "text": "remember, we think all finance will move"}, {"start": "00:05:57", "end": "00:06:01", "text": "over blockchains, and we think agents"}, {"start": "00:05:59", "end": "00:06:03", "text": "will be the primary drivers of finance."}, {"start": "00:06:01", "end": "00:06:04", "text": "If you are the platform on which that"}, {"start": "00:06:03", "end": "00:06:06", "text": "takes, we probably should have added"}, {"start": "00:06:04", "end": "00:06:08", "text": "another zero to that number."}, {"start": "00:06:06", "end": "00:06:11", "text": ">> And what he's talking about in this clip"}, {"start": "00:06:08", "end": "00:06:15", "text": "is near protocol. Now near has gone up"}, {"start": "00:06:11", "end": "00:06:18", "text": "and down but it has a great founder Ilia"}, {"start": "00:06:15", "end": "00:06:21", "text": "Pushkin who is uh responsible for the T"}, {"start": "00:06:18", "end": "00:06:24", "text": "in chat GPT and we'll get to that in a"}, {"start": "00:06:21", "end": "00:06:26", "text": "second but again if we're talking about"}, {"start": "00:06:24", "end": "00:06:28", "text": "the things that we should not where the"}, {"start": "00:06:26", "end": "00:06:30", "text": "hockey puck is but where the hockey puck"}, {"start": "00:06:28", "end": "00:06:31", "text": "is going to and it's very difficult to"}, {"start": "00:06:30", "end": "00:06:34", "text": "to really predict these things. It could"}, {"start": "00:06:31", "end": "00:06:36", "text": "be anything but what Matt brought up was"}, {"start": "00:06:34", "end": "00:06:39", "text": "pretty interesting. He pretty much said"}, {"start": "00:06:36", "end": "00:06:41", "text": "that NER could do a 40x. And let me just"}, {"start": "00:06:39", "end": "00:06:44", "text": "say, let me be 100% clear for this one."}, {"start": "00:06:41", "end": "00:06:47", "text": "Uh, price predictions are worthless."}, {"start": "00:06:44", "end": "00:06:49", "text": "Everybody's wrong. And I've got a couple"}, {"start": "00:06:47", "end": "00:06:50", "text": "of receipts to prove that. There's a"}, {"start": "00:06:49", "end": "00:06:52", "text": "link in the description, and this is on"}, {"start": "00:06:50", "end": "00:06:53", "text": "every video that I do where I talk about"}, {"start": "00:06:52", "end": "00:06:56", "text": "the predict the price prediction for"}, {"start": "00:06:53", "end": "00:06:59", "text": "2021. Everybody was wrong, including me."}, {"start": "00:06:56", "end": "00:07:01", "text": "2025, everybody was wrong, including me."}, {"start": "00:06:59", "end": "00:07:04", "text": "However, there was massive gains to be"}, {"start": "00:07:01", "end": "00:07:08", "text": "made. So, 40x, come on. Is that is that"}, {"start": "00:07:04", "end": "00:07:09", "text": "the real deal? Well,"}, {"start": "00:07:08", "end": "00:07:11", "text": "I have to tell you. First of all,"}, {"start": "00:07:09", "end": "00:07:14", "text": "there's two things. Why is Matt talking"}, {"start": "00:07:11", "end": "00:07:17", "text": "about Near Protocol? And the reason is"}, {"start": "00:07:14", "end": "00:07:20", "text": "because they just launched a uh ETF or"}, {"start": "00:07:17", "end": "00:07:23", "text": "ETP in the United States, a spot"}, {"start": "00:07:20", "end": "00:07:25", "text": "ETP, mind you. I didn't realize this was"}, {"start": "00:07:23", "end": "00:07:28", "text": "happening. This launched uh just a"}, {"start": "00:07:25", "end": "00:07:30", "text": "little bit ago, September 29th, 2026,"}, {"start": "00:07:28", "end": "00:07:32", "text": "roughly what, three weeks ago or so. Two"}, {"start": "00:07:30", "end": "00:07:35", "text": "two and a half. There's a management fee"}, {"start": "00:07:32", "end": "00:07:38", "text": "of 0.75% a staking feature. The trust"}, {"start": "00:07:35", "end": "00:07:40", "text": "stakes near. That's pretty cool. You can"}, {"start": "00:07:38", "end": "00:07:43", "text": "do that and get double dip for the price"}, {"start": "00:07:40", "end": "00:07:45", "text": "appreciation and the staking. But I had"}, {"start": "00:07:43", "end": "00:07:47", "text": "to take a look at that because I'm just"}, {"start": "00:07:45", "end": "00:07:49", "text": "thinking to myself, I'm always looking"}, {"start": "00:07:47", "end": "00:07:51", "text": "for the next thing and what am I missing"}, {"start": "00:07:49", "end": "00:07:54", "text": "out on? I know some of you might be like"}, {"start": "00:07:51", "end": "00:07:57", "text": "me. You're like, okay, where is the"}, {"start": "00:07:54", "end": "00:07:59", "text": "hockey puck going and which rail is it"}, {"start": "00:07:57", "end": "00:08:02", "text": "going to go on? So, I took a look at"}, {"start": "00:07:59", "end": "00:08:06", "text": "this and I said, \"Okay, a 40x sounds"}, {"start": "00:08:02", "end": "00:08:10", "text": "pretty ridiculous, but is it?\" So, first"}, {"start": "00:08:06", "end": "00:08:12", "text": "of all, it's not really that crazy. So,"}, {"start": "00:08:10", "end": "00:08:14", "text": "Near, I think, is in the 21. It's in the"}, {"start": "00:08:12", "end": "00:08:16", "text": "top 25. I know that for a fact. You can"}, {"start": "00:08:14", "end": "00:08:18", "text": "correct me in the comments if I'm wrong,"}, {"start": "00:08:16", "end": "00:08:20", "text": "but Near Protocol is in the top 25. I"}, {"start": "00:08:18", "end": "00:08:22", "text": "want to say it's 21 today. I'm not for"}, {"start": "00:08:20", "end": "00:08:25", "text": "sure, but it's worth the market cap of"}, {"start": "00:08:22", "end": "00:08:28", "text": "everything is 6.6 billion. We're at the"}, {"start": "00:08:25", "end": "00:08:32", "text": "40x from there."}, {"start": "00:08:28", "end": "00:08:36", "text": "263 billion and the price of Ethereum is"}, {"start": "00:08:32", "end": "00:08:39", "text": "307 billion. Now, not just because the"}, {"start": "00:08:36", "end": "00:08:41", "text": "market cap equates to perfection as far"}, {"start": "00:08:39", "end": "00:08:44", "text": "as like the price, but I mean if that is"}, {"start": "00:08:41", "end": "00:08:46", "text": "true, we kind of extrapolate that"}, {"start": "00:08:44", "end": "00:08:50", "text": "because it's just a base case. You do a"}, {"start": "00:08:46", "end": "00:08:52", "text": "31x right now near is around five bucks."}, {"start": "00:08:50", "end": "00:08:56", "text": "It has a monstrous run this last 30 60"}, {"start": "00:08:52", "end": "00:08:57", "text": "days or so. I think went up over 120%."}, {"start": "00:08:56", "end": "00:08:59", "text": "But of course, it's down from its"}, {"start": "00:08:57", "end": "00:09:01", "text": "all-time high like everything else. But"}, {"start": "00:08:59", "end": "00:09:03", "text": "their price prediction, this is Matt"}, {"start": "00:09:01", "end": "00:09:06", "text": "Hogan and Bitwise, and again, they're"}, {"start": "00:09:03", "end": "00:09:09", "text": "all wrong. 155 bucks. So, we can see"}, {"start": "00:09:06", "end": "00:09:10", "text": "there's definitely some massive upside"}, {"start": "00:09:09", "end": "00:09:13", "text": "here. And we just saw some massive"}, {"start": "00:09:10", "end": "00:09:18", "text": "swings. And again, it's really pushing"}, {"start": "00:09:13", "end": "00:09:20", "text": "the AI agentic protocol or narrative."}, {"start": "00:09:18", "end": "00:09:24", "text": "However, on the flip side of that, the"}, {"start": "00:09:20", "end": "00:09:25", "text": "bare case is a buck, a$160. So, we'll"}, {"start": "00:09:24", "end": "00:09:27", "text": "see."}, {"start": "00:09:25", "end": "00:09:29", "text": "I will say like this the founder like I"}, {"start": "00:09:27", "end": "00:09:33", "text": "said I pulkin I think that's how you say"}, {"start": "00:09:29", "end": "00:09:35", "text": "his name he wrote a 2017 Google paper"}, {"start": "00:09:33", "end": "00:09:40", "text": "really smart guy and it was titled"}, {"start": "00:09:35", "end": "00:09:42", "text": "attention is all you need and the T in"}, {"start": "00:09:40", "end": "00:09:44", "text": "Chad GPT is transformer and essentially"}, {"start": "00:09:42", "end": "00:09:47", "text": "what he's talking about here and don't"}, {"start": "00:09:44", "end": "00:09:50", "text": "quote me I'm not the AI researcher is"}, {"start": "00:09:47", "end": "00:09:52", "text": "essentially LLMs don't just take word by"}, {"start": "00:09:50", "end": "00:09:55", "text": "word it's the whole everything in"}, {"start": "00:09:52", "end": "00:09:58", "text": "context and they take a look at the"}, {"start": "00:09:55", "end": "00:10:00", "text": "meaning behind the sentence to equate to"}, {"start": "00:09:58", "end": "00:10:03", "text": "what is going on and it spits out"}, {"start": "00:10:00", "end": "00:10:06", "text": "answers from there and I pulin the one"}, {"start": "00:10:03", "end": "00:10:09", "text": "that wrote this paper and Chad GPT"}, {"start": "00:10:06", "end": "00:10:12", "text": "integrated that and also all the large"}, {"start": "00:10:09", "end": "00:10:14", "text": "LLMs integrated what his paper came from"}, {"start": "00:10:12", "end": "00:10:16", "text": "when he was at Google and actually I had"}, {"start": "00:10:14", "end": "00:10:19", "text": "an interview with him uh this is about"}, {"start": "00:10:16", "end": "00:10:20", "text": "18 months ago or so and it was really"}, {"start": "00:10:19", "end": "00:10:22", "text": "good. I'm gonna link this in the"}, {"start": "00:10:20", "end": "00:10:24", "text": "description. You can check it out. But"}, {"start": "00:10:22", "end": "00:10:26", "text": "uh essentially what he was talking about"}, {"start": "00:10:24", "end": "00:10:28", "text": "was he was talking about it back then AI"}, {"start": "00:10:26", "end": "00:10:29", "text": "agents and integrating them with a near"}, {"start": "00:10:28", "end": "00:10:32", "text": "protocol. I was like, \"Yeah, yeah,"}, {"start": "00:10:29", "end": "00:10:34", "text": "sure.\" Well, here we are. So, what"}, {"start": "00:10:32", "end": "00:10:37", "text": "they've done so far, what Near is"}, {"start": "00:10:34", "end": "00:10:40", "text": "building for AI is this thing called"}, {"start": "00:10:37", "end": "00:10:43", "text": "Near Intense. And you may have heard of"}, {"start": "00:10:40", "end": "00:10:45", "text": "this because they got hacked."}, {"start": "00:10:43", "end": "00:10:48", "text": "I don't know, maybe it was like two"}, {"start": "00:10:45", "end": "00:10:51", "text": "weeks ago or something like that. And it"}, {"start": "00:10:48", "end": "00:10:53", "text": "was a problem. But I tip my hat to them"}, {"start": "00:10:51", "end": "00:10:56", "text": "because they did their own investigative"}, {"start": "00:10:53", "end": "00:10:59", "text": "research on the blockchain. Find out"}, {"start": "00:10:56", "end": "00:11:01", "text": "they found out who it was and they said,"}, {"start": "00:10:59", "end": "00:11:03", "text": "\"If you don't give us our money back,"}, {"start": "00:11:01", "end": "00:11:05", "text": "we're going to expose you publicly and"}, {"start": "00:11:03", "end": "00:11:07", "text": "you're going to have a lot of problems."}, {"start": "00:11:05", "end": "00:11:09", "text": "So do what we say and I'll be damned if"}, {"start": "00:11:07", "end": "00:11:11", "text": "they didn't give every dime back to"}, {"start": "00:11:09", "end": "00:11:13", "text": "them.\" And I was like, you know what?"}, {"start": "00:11:11", "end": "00:11:15", "text": "I'm looking at near a lot harder now"}, {"start": "00:11:13", "end": "00:11:18", "text": "because they had the coahones to do that"}, {"start": "00:11:15", "end": "00:11:20", "text": "and they pulled it off. So yeah, they"}, {"start": "00:11:18", "end": "00:11:22", "text": "got hacked. I think it was for like 3.8"}, {"start": "00:11:20", "end": "00:11:25", "text": "million. Wasn't even five million, but"}, {"start": "00:11:22", "end": "00:11:27", "text": "they got every single dime back."}, {"start": "00:11:25", "end": "00:11:29", "text": "Something to look at. Anyhow, near"}, {"start": "00:11:27", "end": "00:11:32", "text": "intense. What is that? Well, you can"}, {"start": "00:11:29", "end": "00:11:34", "text": "swap across 35 chains in one click. And"}, {"start": "00:11:32", "end": "00:11:35", "text": "again, for AI agents, they don't have"}, {"start": "00:11:34", "end": "00:11:37", "text": "time to go, okay, does this go on"}, {"start": "00:11:35", "end": "00:11:39", "text": "midnight rails or is this Ethereum or"}, {"start": "00:11:37", "end": "00:11:44", "text": "Tron? What rails is this? Okay, we got"}, {"start": "00:11:39", "end": "00:11:48", "text": "to do 20 different uh uh crossborder or"}, {"start": "00:11:44", "end": "00:11:49", "text": "crosschain jumps to pay off this person"}, {"start": "00:11:48", "end": "00:11:53", "text": "because they're the only one that's"}, {"start": "00:11:49", "end": "00:11:56", "text": "using this specific stable coin. No. So,"}, {"start": "00:11:53", "end": "00:11:58", "text": "Intense just swaps across 35 chains in"}, {"start": "00:11:56", "end": "00:12:00", "text": "one click. Bam. Fast AI pay. And that's"}, {"start": "00:11:58", "end": "00:12:03", "text": "what they want to see. They also and"}, {"start": "00:12:00", "end": "00:12:05", "text": "that's live. They've also got private AI"}, {"start": "00:12:03", "end": "00:12:07", "text": "models run in locked locked hardware"}, {"start": "00:12:05", "end": "00:12:10", "text": "meaning doesn't get out which is pretty"}, {"start": "00:12:07", "end": "00:12:14", "text": "good if you want to uh continue to not"}, {"start": "00:12:10", "end": "00:12:16", "text": "have an infringement on your"}, {"start": "00:12:14", "end": "00:12:18", "text": "intellectual property or IP. They have"}, {"start": "00:12:16", "end": "00:12:20", "text": "an AI agent market. You hire an agent,"}, {"start": "00:12:18", "end": "00:12:21", "text": "payments held in escrow, things get"}, {"start": "00:12:20", "end": "00:12:23", "text": "done, everything happy. It's like a"}, {"start": "00:12:21", "end": "00:12:26", "text": "Fiverr for AI. That's pretty cool. and"}, {"start": "00:12:23", "end": "00:12:28", "text": "it's live private USDC payments and"}, {"start": "00:12:26", "end": "00:12:30", "text": "there's a promise of the payment layer"}, {"start": "00:12:28", "end": "00:12:33", "text": "for billions of AI agents which is what"}, {"start": "00:12:30", "end": "00:12:35", "text": "Matt Hugn was talking about previously."}, {"start": "00:12:33", "end": "00:12:36", "text": "So the thing comes out of this well how"}, {"start": "00:12:35", "end": "00:12:38", "text": "much money is it making because if it's"}, {"start": "00:12:36", "end": "00:12:40", "text": "making like two cents nobody cares and"}, {"start": "00:12:38", "end": "00:12:44", "text": "you're right the real businesses day"}, {"start": "00:12:40", "end": "00:12:46", "text": "near intense 4.8 8 billion in the last"}, {"start": "00:12:44", "end": "00:12:49", "text": "12 months. And and granted, this is"}, {"start": "00:12:46", "end": "00:12:51", "text": "pretty new. They've done 30 almost 32"}, {"start": "00:12:49", "end": "00:12:54", "text": "billion swapped in 12 months. They've"}, {"start": "00:12:51", "end": "00:12:59", "text": "had $52 million in fees. And you've got"}, {"start": "00:12:54", "end": "00:13:01", "text": "5.3 million was used to buy back NER."}, {"start": "00:12:59", "end": "00:13:04", "text": "And I think that is a big play to buy"}, {"start": "00:13:01", "end": "00:13:06", "text": "back the NER tokens,"}, {"start": "00:13:04", "end": "00:13:08", "text": "which then either become locked up or"}, {"start": "00:13:06", "end": "00:13:11", "text": "they give those away for the staking"}, {"start": "00:13:08", "end": "00:13:12", "text": "fees. Not too bad. So, here's the bet."}, {"start": "00:13:11", "end": "00:13:16", "text": "Here's Bitwise's math. And I get where"}, {"start": "00:13:12", "end": "00:13:18", "text": "they're going. And agents could be they"}, {"start": "00:13:16", "end": "00:13:19", "text": "came up with 328 million. It could be"}, {"start": "00:13:18", "end": "00:13:22", "text": "500 million. Could be a billion agents."}, {"start": "00:13:19", "end": "00:13:24", "text": "We don't know. But let's say that each"}, {"start": "00:13:22", "end": "00:13:27", "text": "of these agents they do about a thousand"}, {"start": "00:13:24", "end": "00:13:28", "text": "payments. And per payment it's about"}, {"start": "00:13:27", "end": "00:13:30", "text": "five bucks. It could be less, could be"}, {"start": "00:13:28", "end": "00:13:34", "text": "more, whatever. So that volume a year"}, {"start": "00:13:30", "end": "00:13:36", "text": "equals 1.6 for a trillion. Again, this"}, {"start": "00:13:34", "end": "00:13:37", "text": "could be super low or super high. We"}, {"start": "00:13:36", "end": "00:13:38", "text": "don't know yet. But I think agents are"}, {"start": "00:13:37", "end": "00:13:40", "text": "going to do a lot of thing, especially"}, {"start": "00:13:38", "end": "00:13:43", "text": "tokenization of real world and payments."}, {"start": "00:13:40", "end": "00:13:46", "text": "I think it's a done deal. So you take"}, {"start": "00:13:43", "end": "00:13:48", "text": "uh.3% fee, you get five billion revenue"}, {"start": "00:13:46", "end": "00:13:50", "text": "a year. Today about 26 million a year in"}, {"start": "00:13:48", "end": "00:13:52", "text": "revenue kept by the protocol. That's why"}, {"start": "00:13:50", "end": "00:13:56", "text": "they could jump up so much. Alls they"}, {"start": "00:13:52", "end": "00:13:58", "text": "got to do is win the battle of AI"}, {"start": "00:13:56", "end": "00:14:00", "text": "agents. And since we know that's going"}, {"start": "00:13:58", "end": "00:14:02", "text": "to happen and AI agents are going to do"}, {"start": "00:14:00", "end": "00:14:05", "text": "a lot of the different buying and things"}, {"start": "00:14:02", "end": "00:14:08", "text": "like that and arbitrage,"}, {"start": "00:14:05", "end": "00:14:10", "text": "this could be big. So,"}, {"start": "00:14:08", "end": "00:14:15", "text": "how do they stack up against my best?"}, {"start": "00:14:10", "end": "00:14:17", "text": "Not too good. BNB, Ethereum, Solana,"}, {"start": "00:14:15", "end": "00:14:19", "text": "Tron. This is how many stable coins"}, {"start": "00:14:17", "end": "00:14:23", "text": "onchain. Ethereum is 145 billion. Tron"}, {"start": "00:14:19", "end": "00:14:26", "text": "94 billion. Solana 15. BNB 13 pretty"}, {"start": "00:14:23", "end": "00:14:29", "text": "low. And near doesn't have squat. It's"}, {"start": "00:14:26", "end": "00:14:31", "text": "new, but this is the reality."}, {"start": "00:14:29", "end": "00:14:33", "text": "Chain fees, they didn't make much from"}, {"start": "00:14:31", "end": "00:14:35", "text": "the last 30 days. And then market cap."}, {"start": "00:14:33", "end": "00:14:38", "text": "Well, you can see where that's at. But"}, {"start": "00:14:35", "end": "00:14:39", "text": "it is interesting to take a look at the"}, {"start": "00:14:38", "end": "00:14:41", "text": "fees that are being collected and Tron"}, {"start": "00:14:39", "end": "00:14:44", "text": "being $23 million worth."}, {"start": "00:14:41", "end": "00:14:46", "text": "Congratulations, Tron. So, the red flags"}, {"start": "00:14:44", "end": "00:14:49", "text": "for me is that they've lost over 54%"}, {"start": "00:14:46", "end": "00:14:52", "text": "stable coins in the last year. Chain"}, {"start": "00:14:49", "end": "00:14:54", "text": "Fiends in a year is only 1.25 million at"}, {"start": "00:14:52", "end": "00:14:55", "text": "a 6.6 billion valuation. Maybe that's"}, {"start": "00:14:54", "end": "00:14:58", "text": "for growth, but again, remember what we"}, {"start": "00:14:55", "end": "00:15:01", "text": "talked about. The reason why these"}, {"start": "00:14:58", "end": "00:15:04", "text": "altcoins will move is really three-part"}, {"start": "00:15:01", "end": "00:15:06", "text": "speculation and just a hint of utility."}, {"start": "00:15:04", "end": "00:15:07", "text": "Well, guess what? Near has that just"}, {"start": "00:15:06", "end": "00:15:09", "text": "hasn't really exploded yet. Of course,"}, {"start": "00:15:07", "end": "00:15:12", "text": "altcoins are in the toilet anyhow. And"}, {"start": "00:15:09", "end": "00:15:14", "text": "then 3.8 million. That was the exploit"}, {"start": "00:15:12", "end": "00:15:16", "text": "on September 30th, but they got the the"}, {"start": "00:15:14", "end": "00:15:18", "text": "funds back. Tip of the hat to them. And"}, {"start": "00:15:16", "end": "00:15:22", "text": "it's down 75% from its all-time high."}, {"start": "00:15:18", "end": "00:15:24", "text": "So, it's credible. I like Ilia. I like"}, {"start": "00:15:22", "end": "00:15:27", "text": "the owner. I like them getting that"}, {"start": "00:15:24", "end": "00:15:30", "text": "those money back. but it's not proven"}, {"start": "00:15:27", "end": "00:15:35", "text": "yet. I will say this, I'm going to be"}, {"start": "00:15:30", "end": "00:15:37", "text": "buying a little nearer moving forward."}, {"start": "00:15:35", "end": "00:15:40", "text": "I am not going to put my entire life"}, {"start": "00:15:37", "end": "00:15:42", "text": "savings because anything can go to zero."}, {"start": "00:15:40", "end": "00:15:44", "text": "And uh we'll see how it goes. And again,"}, {"start": "00:15:42", "end": "00:15:46", "text": "remember my rule number one, it's all"}, {"start": "00:15:44", "end": "00:15:50", "text": "gone. Don't invest more than you can"}, {"start": "00:15:46", "end": "00:15:51", "text": "afford to lose. I will own near and I"}, {"start": "00:15:50", "end": "00:15:53", "text": "will be using Kraken because that's what"}, {"start": "00:15:51", "end": "00:15:55", "text": "I use for all my altcoins. And I will"}, {"start": "00:15:53", "end": "00:15:56", "text": "say this just to kind of take a look at"}, {"start": "00:15:55", "end": "00:15:59", "text": "if you're like a big trader person,"}, {"start": "00:15:56", "end": "00:16:03", "text": "which tip of the hat, I can't do it. But"}, {"start": "00:15:59", "end": "00:16:06", "text": "uh I'm taking a look at Wes's SMC bot"}, {"start": "00:16:03", "end": "00:16:09", "text": "and they've called they nailed this one."}, {"start": "00:16:06", "end": "00:16:11", "text": "The buy signal about a$158. They had a"}, {"start": "00:16:09", "end": "00:16:14", "text": "sell over here, but they had a buy down"}, {"start": "00:16:11", "end": "00:16:17", "text": "at one$142."}, {"start": "00:16:14", "end": "00:16:18", "text": "And since this buy signal,"}, {"start": "00:16:17", "end": "00:16:20", "text": "which if you take a look at that, it's"}, {"start": "00:16:18", "end": "00:16:21", "text": "in the red. They're in the oversold. So"}, {"start": "00:16:20", "end": "00:16:23", "text": "you're in the oversold. Looks good. They"}, {"start": "00:16:21", "end": "00:16:25", "text": "got a buy signal. Looks good. You could"}, {"start": "00:16:23", "end": "00:16:30", "text": "have buy a$156. Now it's around two"}, {"start": "00:16:25", "end": "00:16:32", "text": "bucks. Excuse me, excuse me, $5."}, {"start": "00:16:30", "end": "00:16:34", "text": "But it is in a little bit of an of an"}, {"start": "00:16:32", "end": "00:16:38", "text": "what is this called? Overbought"}, {"start": "00:16:34", "end": "00:16:42", "text": "condition. That's Wes's SMC bot. Let's"}, {"start": "00:16:38", "end": "00:16:44", "text": "take a look at Ivan Tech's money line."}, {"start": "00:16:42", "end": "00:16:48", "text": "And you can see that they did pretty"}, {"start": "00:16:44", "end": "00:16:50", "text": "good. They got bullish around $2."}, {"start": "00:16:48", "end": "00:16:53", "text": "They got bearish at 240. you know, kind"}, {"start": "00:16:50", "end": "00:16:54", "text": "of like maybe want to take some profits"}, {"start": "00:16:53", "end": "00:16:56", "text": "and then they went right back to bullish"}, {"start": "00:16:54", "end": "00:16:58", "text": "at $2 and now we're at $5. So, just"}, {"start": "00:16:56", "end": "00:17:00", "text": "saying something to look at. And then"}, {"start": "00:16:58", "end": "00:17:02", "text": "also just to finish this up, just to"}, {"start": "00:17:00", "end": "00:17:04", "text": "talk about AI and where things are"}, {"start": "00:17:02", "end": "00:17:06", "text": "going. Binance just announced that"}, {"start": "00:17:04", "end": "00:17:09", "text": "they're going to shut down their crypto"}, {"start": "00:17:06", "end": "00:17:11", "text": "mining pool services in November. I"}, {"start": "00:17:09", "end": "00:17:12", "text": "think November 10th, that's coming up."}, {"start": "00:17:11", "end": "00:17:14", "text": "So, they're going to shut down that"}, {"start": "00:17:12", "end": "00:17:16", "text": "covers their pool savings, cloud mining"}, {"start": "00:17:14", "end": "00:17:17", "text": "transaction accelerator related"}, {"start": "00:17:16", "end": "00:17:19", "text": "features, including mining pool APIs and"}, {"start": "00:17:17", "end": "00:17:22", "text": "hash rates. company attributed closure"}, {"start": "00:17:19", "end": "00:17:25", "text": "to an ongoing review of its products and"}, {"start": "00:17:22", "end": "00:17:27", "text": "services but did not provide a specific"}, {"start": "00:17:25", "end": "00:17:29", "text": "reason for the decision. I'm just going"}, {"start": "00:17:27", "end": "00:17:31", "text": "to throw it out there. I think they're"}, {"start": "00:17:29", "end": "00:17:32", "text": "probably doing what now they have a"}, {"start": "00:17:31", "end": "00:17:34", "text": "mining pool a little bit different"}, {"start": "00:17:32", "end": "00:17:37", "text": "obviously but it's probably what other"}, {"start": "00:17:34", "end": "00:17:40", "text": "miners are doing in the ecosystem like"}, {"start": "00:17:37", "end": "00:17:42", "text": "Mara Marathon Core Scientific Riot Clean"}, {"start": "00:17:40", "end": "00:17:44", "text": "Spark you know the top five"}, {"start": "00:17:42", "end": "00:17:47", "text": "roughly then Hut 8 and Terwolf what are"}, {"start": "00:17:44", "end": "00:17:51", "text": "they doing they're pivoting as Bitcoin"}, {"start": "00:17:47", "end": "00:17:53", "text": "miners because they are getting into AI"}, {"start": "00:17:51", "end": "00:17:55", "text": "and they are moving things around so"}, {"start": "00:17:53", "end": "00:17:57", "text": "they can either give them the"}, {"start": "00:17:55", "end": "00:17:58", "text": "electricity or the space or the data"}, {"start": "00:17:57", "end": "00:18:00", "text": "centers"}, {"start": "00:17:58", "end": "00:18:03", "text": "And that's Senuish, CleanS, Spark, Mara,"}, {"start": "00:18:00", "end": "00:18:04", "text": "Riot, Terow Wolf, and Hutator. I mean,"}, {"start": "00:18:03", "end": "00:18:07", "text": "Terolf even signed a 20-y year anthropic"}, {"start": "00:18:04", "end": "00:18:08", "text": "lease for Pete's sakes. So, if you"}, {"start": "00:18:07", "end": "00:18:10", "text": "wonder what's happening, that's probably"}, {"start": "00:18:08", "end": "00:18:13", "text": "it. And then lastly, lastly, I swear"}, {"start": "00:18:10", "end": "00:18:16", "text": "this is the last one. Kraken,"}, {"start": "00:18:13", "end": "00:18:18", "text": "what I'm using for my altcoins."}, {"start": "00:18:16", "end": "00:18:20", "text": "Looks like uh their parent company"}, {"start": "00:18:18", "end": "00:18:23", "text": "Payward just received full market"}, {"start": "00:18:20", "end": "00:18:26", "text": "approval from Devise Vera to expand its"}, {"start": "00:18:23", "end": "00:18:27", "text": "digital asset services or payments"}, {"start": "00:18:26", "end": "00:18:30", "text": "building on preliminary approval"}, {"start": "00:18:27", "end": "00:18:32", "text": "received in May. So again, payments I"}, {"start": "00:18:30", "end": "00:18:34", "text": "think is going to be the big thing. And"}, {"start": "00:18:32", "end": "00:18:36", "text": "if you want to find out why I'm using I"}, {"start": "00:18:34", "end": "00:18:39", "text": "use"}, {"start": "00:18:36", "end": "00:18:43", "text": "the Cash App for Bitcoin and Kraken for"}, {"start": "00:18:39", "end": "00:18:43", "text": "altcoins because"}, {"start": "00:18:44", "end": "00:18:49", "text": "stuff like this, their old CEO says,"}, {"start": "00:18:47", "end": "00:18:51", "text": "\"Don't store crypto on our exchange.\""}, {"start": "00:18:49", "end": "00:18:53", "text": "They've been around since 2011. They've"}, {"start": "00:18:51", "end": "00:18:54", "text": "got proof of reserve audits, which is"}, {"start": "00:18:53", "end": "00:18:55", "text": "pretty big. And especially with all the"}, {"start": "00:18:54", "end": "00:18:58", "text": "hacks that are going on, I need"}, {"start": "00:18:55", "end": "00:19:00", "text": "something to, you know, little bit of"}, {"start": "00:18:58", "end": "00:19:02", "text": "peace of mind. And you can verify it"}, {"start": "00:19:00", "end": "00:19:06", "text": "with third parties. Also, they got"}, {"start": "00:19:02", "end": "00:19:09", "text": "stocks. They don't go down. Oh, this is"}, {"start": "00:19:06", "end": "00:19:11", "text": "the craziest thing. They got real people"}, {"start": "00:19:09", "end": "00:19:13", "text": "uh on their Kraken support. This was a"}, {"start": "00:19:11", "end": "00:19:15", "text": "conversation that I had with somebody in"}, {"start": "00:19:13", "end": "00:19:18", "text": "their support line. And I even said, I"}, {"start": "00:19:15", "end": "00:19:20", "text": "go, \"Hey, I need I need I have an"}, {"start": "00:19:18", "end": "00:19:22", "text": "issue.\" And someone says, \"I'm an Axel.\""}, {"start": "00:19:20", "end": "00:19:23", "text": "And I said, \"Hey, are you real?\" He"}, {"start": "00:19:22", "end": "00:19:26", "text": "goes, \"Yeah, I'm flesh and blood.\" I go,"}, {"start": "00:19:23", "end": "00:19:28", "text": "\"That's crazy.\" Well, maybe it wasn't a"}, {"start": "00:19:26", "end": "00:19:31", "text": "bot. Who knows? But who cares? It's got"}, {"start": "00:19:28", "end": "00:19:33", "text": "low fees. And look at this. Coinbase one"}, {"start": "00:19:31", "end": "00:19:35", "text": "verse their Kraken Plus. It's only five"}, {"start": "00:19:33", "end": "00:19:37", "text": "bucks a month versus 30 bucks a month. I"}, {"start": "00:19:35", "end": "00:19:38", "text": "mean, come on. And then the spreads are"}, {"start": "00:19:37", "end": "00:19:41", "text": "way better than anything else out there,"}, {"start": "00:19:38", "end": "00:19:43", "text": "I think. Anyhow, if you want to take a"}, {"start": "00:19:41", "end": "00:19:44", "text": "look at Kraken, check that out. Links in"}, {"start": "00:19:43", "end": "00:19:47", "text": "the description. You get 25 bucks just"}, {"start": "00:19:44", "end": "00:19:49", "text": "to sign up. That's it for today. So,"}, {"start": "00:19:47", "end": "00:19:51", "text": "like today's video, give it a thumbs up."}, {"start": "00:19:49", "end": "00:19:53", "text": "Consider subscribing. Every we talk"}, {"start": "00:19:51", "end": "00:19:57", "text": "about is relatively timesensitive. Now,"}, {"start": "00:19:53", "end": "00:19:58", "text": "let's get into the fun part on the Q&A"}, {"start": "00:19:57", "end": "00:20:01", "text": "and we can get out of here because it's"}, {"start": "00:19:58", "end": "00:20:04", "text": "getting late. All right. Hey, Me is"}, {"start": "00:20:01", "end": "00:20:06", "text": "here. Clean Spark. I think I still have"}, {"start": "00:20:04", "end": "00:20:11", "text": "that one. You know, we used to talk"}, {"start": "00:20:06", "end": "00:20:11", "text": "about that. Clean Spark."}, {"start": "00:20:11", "end": "00:20:16", "text": "Uh Wes would talk about it a little bit,"}, {"start": "00:20:13", "end": "00:20:18", "text": "but uh some some people in our group"}, {"start": "00:20:16", "end": "00:20:22", "text": "meme were talking quite heavily about"}, {"start": "00:20:18", "end": "00:20:24", "text": "clean spark. I can see it. Stephen Sam"}, {"start": "00:20:22", "end": "00:20:27", "text": "Sanm Smokehouse was the uh I think the"}, {"start": "00:20:24", "end": "00:20:28", "text": "one that was all about it."}, {"start": "00:20:27", "end": "00:20:30", "text": "Yeah,"}, {"start": "00:20:28", "end": "00:20:31", "text": "digital asset agent says, \"Yeah,"}, {"start": "00:20:30", "end": "00:20:33", "text": "Coinbase was 30 bucks a month. I went"}, {"start": "00:20:31", "end": "00:20:35", "text": "with Kraken.\" I don't know why Coinbase"}, {"start": "00:20:33", "end": "00:20:38", "text": "charges so much for the same type of"}, {"start": "00:20:35", "end": "00:20:40", "text": "service. And like I got more options on"}, {"start": "00:20:38", "end": "00:20:43", "text": "Kraken. I just just going to use that"}, {"start": "00:20:40", "end": "00:20:45", "text": "one. But as a reminder, right, do we"}, {"start": "00:20:43", "end": "00:20:47", "text": "leave everything on the exchanges? No,"}, {"start": "00:20:45", "end": "00:20:51", "text": "we do not. We diversify our portfolio."}, {"start": "00:20:47", "end": "00:20:54", "text": "We also diversify our storage."}, {"start": "00:20:51", "end": "00:20:59", "text": "I am guilty because like I have some"}, {"start": "00:20:54", "end": "00:21:01", "text": "automatic buys coming up. Canton,"}, {"start": "00:20:59", "end": "00:21:05", "text": "hyperlquid,"}, {"start": "00:21:01", "end": "00:21:07", "text": "Tron maybe that's Solana"}, {"start": "00:21:05", "end": "00:21:10", "text": "and uh some other and now I'm going to"}, {"start": "00:21:07", "end": "00:21:13", "text": "have near. So like not every day I don't"}, {"start": "00:21:10", "end": "00:21:15", "text": "take it all off. I'm just I don't know"}, {"start": "00:21:13", "end": "00:21:17", "text": "if it's laziness or if it's just I got"}, {"start": "00:21:15", "end": "00:21:20", "text": "too much going on but uh about once a"}, {"start": "00:21:17", "end": "00:21:22", "text": "week I'll take things off."}, {"start": "00:21:20", "end": "00:21:25", "text": "And uh I wish I was better at that, just"}, {"start": "00:21:22", "end": "00:21:27", "text": "not."}, {"start": "00:21:25", "end": "00:21:30", "text": "Coinbase exhibits all the scummy bank"}, {"start": "00:21:27", "end": "00:21:32", "text": "behaviors. I'm not going to defend"}, {"start": "00:21:30", "end": "00:21:34", "text": "Coinbase, but I mean, I will say one of"}, {"start": "00:21:32", "end": "00:21:36", "text": "the good things about Coinbase is that"}, {"start": "00:21:34", "end": "00:21:39", "text": "in 2022, they didn't collapse like the"}, {"start": "00:21:36", "end": "00:21:41", "text": "other exchanges did. At least they were"}, {"start": "00:21:39", "end": "00:21:42", "text": "solvent. And for that, I can say thank"}, {"start": "00:21:41", "end": "00:21:46", "text": "you for not totally destroying"}, {"start": "00:21:42", "end": "00:21:50", "text": "everything. So that's nice."}, {"start": "00:21:46", "end": "00:21:52", "text": "Yeah. Cardano. Cardano. Yeah,"}, {"start": "00:21:50", "end": "00:21:55", "text": "James says, \"Uh, can we will be big"}, {"start": "00:21:52", "end": "00:21:59", "text": "because it's number 33. Canon coin. A"}, {"start": "00:21:55", "end": "00:22:02", "text": "cultist love it.\" They do. They do."}, {"start": "00:21:59", "end": "00:22:06", "text": "We'll see how it is. It's more of a a"}, {"start": "00:22:02", "end": "00:22:07", "text": "niche, but"}, {"start": "00:22:06", "end": "00:22:09", "text": "I don't know. As far as like"}, {"start": "00:22:07", "end": "00:22:11", "text": "tokenization, it seems to have a nice"}, {"start": "00:22:09", "end": "00:22:12", "text": "little partnership with DTCC like we"}, {"start": "00:22:11", "end": "00:22:15", "text": "talked about a couple weeks ago. So,"}, {"start": "00:22:12", "end": "00:22:17", "text": "we'll see if it works out."}, {"start": "00:22:15", "end": "00:22:18", "text": "I'm just waiting for some kind of"}, {"start": "00:22:17", "end": "00:22:20", "text": "altcoin"}, {"start": "00:22:18", "end": "00:22:21", "text": "runup and it's always it's like"}, {"start": "00:22:20", "end": "00:22:24", "text": "especially right now there's always like"}, {"start": "00:22:21", "end": "00:22:27", "text": "a little bit of a runup here and there"}, {"start": "00:22:24", "end": "00:22:30", "text": "and uh it's it's hard to really be"}, {"start": "00:22:27", "end": "00:22:32", "text": "behind the next one because I'm not a"}, {"start": "00:22:30", "end": "00:22:36", "text": "trader and I don't have insider"}, {"start": "00:22:32", "end": "00:22:38", "text": "information like some people do and um"}, {"start": "00:22:36", "end": "00:22:40", "text": "I'm just uh here taking a look at the"}, {"start": "00:22:38", "end": "00:22:42", "text": "trends and seeing which one could be the"}, {"start": "00:22:40", "end": "00:22:45", "text": "next one."}, {"start": "00:22:42", "end": "00:22:48", "text": "Yeah. And noman says, \"Rob, how about"}, {"start": "00:22:45", "end": "00:22:51", "text": "near has infinite supply.\" So this one,"}, {"start": "00:22:48", "end": "00:22:54", "text": "it's kind of like Ethereum. Ethereum"}, {"start": "00:22:51", "end": "00:22:57", "text": "essentially has infinite supply. But if"}, {"start": "00:22:54", "end": "00:22:59", "text": "you take a look over here, where is it?"}, {"start": "00:22:57", "end": "00:23:01", "text": "It is 21. Look at that. So near"}, {"start": "00:22:59", "end": "00:23:04", "text": "protocol."}, {"start": "00:23:01", "end": "00:23:09", "text": "And if you go down,"}, {"start": "00:23:04", "end": "00:23:09", "text": "I'm looking for the tokconomics"}, {"start": "00:23:13", "end": "00:23:16", "text": "token."}, {"start": "00:23:16", "end": "00:23:22", "text": "Now it's right there blind. So here's"}, {"start": "00:23:19", "end": "00:23:24", "text": "the allocation."}, {"start": "00:23:22", "end": "00:23:26", "text": "Epoch or epic, however you want to say"}, {"start": "00:23:24", "end": "00:23:27", "text": "it. Rewards. I know people will tell me"}, {"start": "00:23:26", "end": "00:23:29", "text": "exactly what they think of my"}, {"start": "00:23:27", "end": "00:23:31", "text": "pronunciation in the comments. small and"}, {"start": "00:23:29", "end": "00:23:33", "text": "large backers, community grants, core"}, {"start": "00:23:31", "end": "00:23:36", "text": "contributors, no one cares about it."}, {"start": "00:23:33", "end": "00:23:39", "text": "This is what people care about. So, we"}, {"start": "00:23:36", "end": "00:23:41", "text": "can see that the best time was right"}, {"start": "00:23:39", "end": "00:23:44", "text": "around 2021. This is why everything blew"}, {"start": "00:23:41", "end": "00:23:48", "text": "up because we were on a scheduled"}, {"start": "00:23:44", "end": "00:23:50", "text": "release or an unlock schedule. So, right"}, {"start": "00:23:48", "end": "00:23:52", "text": "now,"}, {"start": "00:23:50", "end": "00:23:54", "text": "I think, get out of there. The big"}, {"start": "00:23:52", "end": "00:23:57", "text": "unlock"}, {"start": "00:23:54", "end": "00:23:59", "text": "was right before 2026. Actually, there"}, {"start": "00:23:57", "end": "00:24:02", "text": "was two big unlocks where but where the"}, {"start": "00:23:59", "end": "00:24:04", "text": "trajectories changed back here in 2022"}, {"start": "00:24:02", "end": "00:24:06", "text": "and July"}, {"start": "00:24:04", "end": "00:24:08", "text": "and then also in right around here"}, {"start": "00:24:06", "end": "00:24:11", "text": "August and 2025. But right now, you can"}, {"start": "00:24:08", "end": "00:24:13", "text": "see that there's a slope and it's a"}, {"start": "00:24:11", "end": "00:24:16", "text": "continual tiny a slope that's going up."}, {"start": "00:24:13", "end": "00:24:19", "text": "And it's true, which of course would"}, {"start": "00:24:16", "end": "00:24:21", "text": "mean a little bit of cell pressure."}, {"start": "00:24:19", "end": "00:24:27", "text": "But you can see here there's a total"}, {"start": "00:24:21", "end": "00:24:29", "text": "1.26 billion, 1.27 billion, 1.2 277 and"}, {"start": "00:24:27", "end": "00:24:32", "text": "so on and so forth. But people say, \"But"}, {"start": "00:24:29", "end": "00:24:34", "text": "Rob, if it has an infinite supply, first"}, {"start": "00:24:32", "end": "00:24:36", "text": "of all, this goes all the way out to"}, {"start": "00:24:34", "end": "00:24:39", "text": "2030. I don't know if I'm even going to"}, {"start": "00:24:36", "end": "00:24:41", "text": "be into any of these.\""}, {"start": "00:24:39", "end": "00:24:44", "text": "But if it does go up like we said, I"}, {"start": "00:24:41", "end": "00:24:47", "text": "really couldn't care less. But you take"}, {"start": "00:24:44", "end": "00:24:49", "text": "a look at a lot of these tokens,"}, {"start": "00:24:47", "end": "00:24:52", "text": "a lot of them have that infinity symbol."}, {"start": "00:24:49", "end": "00:24:54", "text": "Let's take a look at Ethereum."}, {"start": "00:24:52", "end": "00:24:57", "text": "So, you're looking at total supply, max"}, {"start": "00:24:54", "end": "00:24:58", "text": "supply, infinity"}, {"start": "00:24:57", "end": "00:25:03", "text": "and beyond."}, {"start": "00:24:58", "end": "00:25:05", "text": "BNB, I don't think they do. Yeah,"}, {"start": "00:25:03", "end": "00:25:07", "text": "max supply 200 million. But look at"}, {"start": "00:25:05", "end": "00:25:09", "text": "this. The total supply is only 133. Why"}, {"start": "00:25:07", "end": "00:25:11", "text": "is that?"}, {"start": "00:25:09", "end": "00:25:15", "text": "Because just like we said, there's an"}, {"start": "00:25:11", "end": "00:25:15", "text": "unlock schedule."}, {"start": "00:25:19", "end": "00:25:25", "text": "This is a little bit different though."}, {"start": "00:25:20", "end": "00:25:31", "text": "Wow. ICO was 50%, the founding team got"}, {"start": "00:25:25", "end": "00:25:31", "text": "40%. And the angel message got 10%. Huh."}, {"start": "00:25:32", "end": "00:25:36", "text": "Interesting. So, anyhow, you can look at"}, {"start": "00:25:34", "end": "00:25:38", "text": "all those different ones. Let's see what"}, {"start": "00:25:36", "end": "00:25:40", "text": "uh"}, {"start": "00:25:38", "end": "00:25:44", "text": "about Salana."}, {"start": "00:25:40", "end": "00:25:46", "text": "That's a bummer. Max supply infinity."}, {"start": "00:25:44", "end": "00:25:50", "text": "Let's see. What about XRP? I think"}, {"start": "00:25:46", "end": "00:25:53", "text": "there's a limit. Yeah. So again,"}, {"start": "00:25:50", "end": "00:25:56", "text": "circulating supply 63 billion, but the"}, {"start": "00:25:53", "end": "00:25:58", "text": "total is 100 billion."}, {"start": "00:25:56", "end": "00:26:00", "text": "So that's probably in a treasury and"}, {"start": "00:25:58", "end": "00:26:02", "text": "they probably release it every month and"}, {"start": "00:26:00", "end": "00:26:04", "text": "they get dumped on. Just going to guess."}, {"start": "00:26:02", "end": "00:26:07", "text": "I don't know. XRP experts, you can tell"}, {"start": "00:26:04", "end": "00:26:11", "text": "me what that is in the comments, but it"}, {"start": "00:26:07", "end": "00:26:11", "text": "is one of those things."}, {"start": "00:26:11", "end": "00:26:15", "text": "Yeah, Rusty says you can check the"}, {"start": "00:26:14", "end": "00:26:18", "text": "Ethereum's burn mechanism at"}, {"start": "00:26:15", "end": "00:26:18", "text": "ultrasound.money."}, {"start": "00:26:21", "end": "00:26:25", "text": "And there's two ways to look at this. As"}, {"start": "00:26:22", "end": "00:26:27", "text": "a matter of fact,"}, {"start": "00:26:25", "end": "00:26:29", "text": "there's a way for because you can"}, {"start": "00:26:27", "end": "00:26:32", "text": "simulate proof of work because it used"}, {"start": "00:26:29", "end": "00:26:35", "text": "to be proof of work. It used to be just"}, {"start": "00:26:32", "end": "00:26:37", "text": "like Bitcoin, proof of work. And there"}, {"start": "00:26:35", "end": "00:26:40", "text": "would be mining operation for Ethereum."}, {"start": "00:26:37", "end": "00:26:43", "text": "But right now,"}, {"start": "00:26:40", "end": "00:26:45", "text": "the growth rate is not even a percentage"}, {"start": "00:26:43", "end": "00:26:49", "text": "per year. Not too bad. That's over seven"}, {"start": "00:26:45", "end": "00:26:51", "text": "days. But take a look at 30 days or 4"}, {"start": "00:26:49", "end": "00:26:54", "text": "years since the merge, it's only been"}, {"start": "00:26:51", "end": "00:26:56", "text": "plus 0.32%."}, {"start": "00:26:54", "end": "00:26:59", "text": "Not too bad. So even though it says it's"}, {"start": "00:26:56", "end": "00:27:00", "text": "infinity, ain't that much. But if we"}, {"start": "00:26:59", "end": "00:27:02", "text": "take a look at if we would reverse that"}, {"start": "00:27:00", "end": "00:27:04", "text": "and say, well, what if we never went to"}, {"start": "00:27:02", "end": "00:27:08", "text": "prove a stake, want to prove work,"}, {"start": "00:27:04", "end": "00:27:10", "text": "that's your difference right there,"}, {"start": "00:27:08", "end": "00:27:13", "text": "3.51%,"}, {"start": "00:27:10", "end": "00:27:16", "text": "which is a good amount verse proof of"}, {"start": "00:27:13", "end": "00:27:19", "text": "stake. So yeah,"}, {"start": "00:27:16", "end": "00:27:22", "text": "good one, Rusty. Good one, Rusty."}, {"start": "00:27:19", "end": "00:27:24", "text": "Let's see."}, {"start": "00:27:22", "end": "00:27:26", "text": "Yeah, man. is ETH switching from pro"}, {"start": "00:27:24", "end": "00:27:28", "text": "proof work to proof stake was ETH"}, {"start": "00:27:26", "end": "00:27:30", "text": "downfall as far as like the amount that"}, {"start": "00:27:28", "end": "00:27:34", "text": "was being produced wasn't too bad but"}, {"start": "00:27:30", "end": "00:27:36", "text": "like it was I like the old way but you"}, {"start": "00:27:34", "end": "00:27:38", "text": "know"}, {"start": "00:27:36", "end": "00:27:40", "text": "if you wanna if you want to appease some"}, {"start": "00:27:38", "end": "00:27:41", "text": "of the people that are in these big"}, {"start": "00:27:40", "end": "00:27:46", "text": "institutions and they want to make a"}, {"start": "00:27:41", "end": "00:27:48", "text": "nice fat ETF and you can stake it"}, {"start": "00:27:46", "end": "00:27:52", "text": "nice yield although the American"}, {"start": "00:27:48", "end": "00:27:54", "text": "government shut that down so here we"}, {"start": "00:27:52", "end": "00:27:56", "text": "Let's see. Rob's investments are not"}, {"start": "00:27:54", "end": "00:27:58", "text": "doing too well and he can't even keep"}, {"start": "00:27:56", "end": "00:28:01", "text": "the lights on. It's true. This is tough."}, {"start": "00:27:58", "end": "00:28:03", "text": "This is why I'm also so so thin. I can't"}, {"start": "00:28:01", "end": "00:28:06", "text": "even afford heat. Bless to us all who"}, {"start": "00:28:03", "end": "00:28:09", "text": "tune in regularly."}, {"start": "00:28:06", "end": "00:28:12", "text": "That's it. At least my lights gone."}, {"start": "00:28:09", "end": "00:28:15", "text": "Solar panel lights. Got to love them."}, {"start": "00:28:12", "end": "00:28:15", "text": "Uh"}, {"start": "00:28:18", "end": "00:28:23", "text": "if if AI does help humanity, it's going"}, {"start": "00:28:21", "end": "00:28:25", "text": "to be great and all the AI is going to"}, {"start": "00:28:23", "end": "00:28:26", "text": "kill us. People maybe can apologize to"}, {"start": "00:28:25", "end": "00:28:28", "text": "the rest of us for holding back and"}, {"start": "00:28:26", "end": "00:28:31", "text": "being negatives. I always think to"}, {"start": "00:28:28", "end": "00:28:35", "text": "myself, what is the purpose of AI even"}, {"start": "00:28:31", "end": "00:28:37", "text": "eliminating us? Like it's like an antill"}, {"start": "00:28:35", "end": "00:28:39", "text": "and you're like, do I really need to"}, {"start": "00:28:37", "end": "00:28:41", "text": "eliminate every single antill out here?"}, {"start": "00:28:39", "end": "00:28:43", "text": "As long as it doesn't bite me, just"}, {"start": "00:28:41", "end": "00:28:44", "text": "gonna let it go. I think that's what AI"}, {"start": "00:28:43", "end": "00:28:46", "text": "will become so powerful to just be like,"}, {"start": "00:28:44", "end": "00:28:50", "text": "gh"}, {"start": "00:28:46", "end": "00:28:50", "text": "if we step on you, we're sorry."}, {"start": "00:28:52", "end": "00:28:58", "text": "God, I say that he's burning for the"}, {"start": "00:28:55", "end": "00:28:58", "text": "next 10 years."}, {"start": "00:28:59", "end": "00:29:04", "text": "And I think that's it."}, {"start": "00:29:02", "end": "00:29:07", "text": "Oh, gas's got a good point. 1.6 million"}, {"start": "00:29:04", "end": "00:29:08", "text": "sold gets out of the Salana supply every"}, {"start": "00:29:07", "end": "00:29:10", "text": "month in the next few years. People"}, {"start": "00:29:08", "end": "00:29:13", "text": "don't look at the tokconomics"}, {"start": "00:29:10", "end": "00:29:15", "text": "properties. It's true. We don't. We did"}, {"start": "00:29:13", "end": "00:29:17", "text": "look into them very heavily during the"}, {"start": "00:29:15", "end": "00:29:19", "text": "ICO craze because that's when the smart"}, {"start": "00:29:17", "end": "00:29:21", "text": "people figured out like oh well this is"}, {"start": "00:29:19", "end": "00:29:24", "text": "tokconomics and this is probably a good"}, {"start": "00:29:21", "end": "00:29:26", "text": "time to invest either because you know"}, {"start": "00:29:24", "end": "00:29:28", "text": "the uh time frame of when there actually"}, {"start": "00:29:26", "end": "00:29:31", "text": "gets released is a very long so it"}, {"start": "00:29:28", "end": "00:29:33", "text": "sounds pretty good or they would look at"}, {"start": "00:29:31", "end": "00:29:36", "text": "uh the distribution of those tokens like"}, {"start": "00:29:33", "end": "00:29:38", "text": "wait a second uh 75% go to early"}, {"start": "00:29:36", "end": "00:29:39", "text": "investors so what the heck are we"}, {"start": "00:29:38", "end": "00:29:42", "text": "investing for? Oh so we can get dumped"}, {"start": "00:29:39", "end": "00:29:44", "text": "on. Okay, sounds good. But yeah, that"}, {"start": "00:29:42", "end": "00:29:48", "text": "was the tokconomics"}, {"start": "00:29:44", "end": "00:29:48", "text": "and they were fun."}, {"start": "00:29:48", "end": "00:29:54", "text": "Uh, let's see. And I think"}, {"start": "00:29:54", "end": "00:29:58", "text": "can we all can we all wait for Bitcoin"}, {"start": "00:29:57", "end": "00:30:02", "text": "to hit magic figures? I only have like"}, {"start": "00:29:58", "end": "00:30:04", "text": "five to 10 year left in my life."}, {"start": "00:30:02", "end": "00:30:08", "text": "And this is the big thing. This is why"}, {"start": "00:30:04", "end": "00:30:13", "text": "it's so important that"}, {"start": "00:30:08", "end": "00:30:15", "text": "we don't put so much time into this"}, {"start": "00:30:13", "end": "00:30:17", "text": "crypto space. And people will say,"}, {"start": "00:30:15", "end": "00:30:18", "text": "\"Well, I'm never going to take profits"}, {"start": "00:30:17", "end": "00:30:20", "text": "because I'm going to give them to my"}, {"start": "00:30:18", "end": "00:30:22", "text": "kids or my grandkids.\" And you can do"}, {"start": "00:30:20", "end": "00:30:23", "text": "that. That's fine."}, {"start": "00:30:22", "end": "00:30:24", "text": "But just remember, what are your kids"}, {"start": "00:30:23", "end": "00:30:27", "text": "going to do with it? They're probably"}, {"start": "00:30:24", "end": "00:30:29", "text": "going to blow right through it"}, {"start": "00:30:27", "end": "00:30:31", "text": "because you didn't because you got to"}, {"start": "00:30:29", "end": "00:30:33", "text": "teach them to hold on to things. But"}, {"start": "00:30:31", "end": "00:30:35", "text": "then what's the whole point of that?"}, {"start": "00:30:33", "end": "00:30:37", "text": "they hold on to it and then they give it"}, {"start": "00:30:35", "end": "00:30:39", "text": "to their kids and their kids and their"}, {"start": "00:30:37", "end": "00:30:41", "text": "kids. Maybe they're a trillionaire at"}, {"start": "00:30:39", "end": "00:30:43", "text": "some point. But in the future, maybe we"}, {"start": "00:30:41", "end": "00:30:45", "text": "don't even need money. Maybe AI just"}, {"start": "00:30:43", "end": "00:30:47", "text": "disrupts that so much. I don't know. So"}, {"start": "00:30:45", "end": "00:30:48", "text": "the big thing is we don't know the"}, {"start": "00:30:47", "end": "00:30:50", "text": "future. We know what's going to happen."}, {"start": "00:30:48", "end": "00:30:52", "text": "So make sure that we appreciate the here"}, {"start": "00:30:50", "end": "00:30:53", "text": "and now and uh we take care of"}, {"start": "00:30:52", "end": "00:30:56", "text": "ourselves. That's the most important"}, {"start": "00:30:53", "end": "00:30:58", "text": "thing. I know people like to, you know,"}, {"start": "00:30:56", "end": "00:31:00", "text": "like hear that type of stuff, but it's"}, {"start": "00:30:58", "end": "00:31:02", "text": "true. As time goes on, I think it's"}, {"start": "00:31:00", "end": "00:31:03", "text": "important that we take profits. Not"}, {"start": "00:31:02", "end": "00:31:06", "text": "everyone broke taking profits and and"}, {"start": "00:31:03", "end": "00:31:08", "text": "live a life and not just uh give so much"}, {"start": "00:31:06", "end": "00:31:10", "text": "to like I got to save, I got to do, I"}, {"start": "00:31:08", "end": "00:31:12", "text": "got to do everything. Things will be"}, {"start": "00:31:10", "end": "00:31:13", "text": "just fine. Anyhow, that's it for"}, {"start": "00:31:12", "end": "00:31:15", "text": "tonight. I think I'm good. Like"}, {"start": "00:31:13", "end": "00:31:18", "text": "tonight's video, thumbs up, subscribe,"}, {"start": "00:31:15", "end": "00:31:21", "text": "all that great stuff. Uh this week for"}, {"start": "00:31:18", "end": "00:31:22", "text": "NFA, we're on Ben's channel, so I'll see"}, {"start": "00:31:21", "end": "00:31:24", "text": "you there on Thursday morning. That's it"}, {"start": "00:31:22", "end": "00:31:25", "text": "for this one. Thanks everybody."}, {"start": "00:31:24", "end": "00:31:28", "text": "Appreciate you. See you in the next one."}, {"start": "00:31:25", "end": "00:31:28", "text": "Are the"}]

[{"start": "00:00:00", "end": "00:00:07", "text": "So, um I would personally I'd rather go"}, {"start": "00:00:04", "end": "00:00:09", "text": "with anything besides a memecoin."}, {"start": "00:00:07", "end": "00:00:10", "text": "I'm not a big short-term person. I mean,"}, {"start": "00:00:09", "end": "00:00:12", "text": "I'll gamble a little bit here and there."}, {"start": "00:00:10", "end": "00:00:13", "text": "Everybody does."}, {"start": "00:00:12", "end": "00:00:16", "text": "There's two types of people in the"}, {"start": "00:00:13", "end": "00:00:17", "text": "world. There's uh people that do a"}, {"start": "00:00:16", "end": "00:00:20", "text": "little gambling and people that lie"}, {"start": "00:00:17", "end": "00:00:22", "text": "about it. So, uh I would just try to"}, {"start": "00:00:20", "end": "00:00:24", "text": "stay away from meme points if you can."}, {"start": "00:00:22", "end": "00:00:28", "text": "It's for the long term. Want to have a"}, {"start": "00:00:24", "end": "00:00:28", "text": "little fun time? Hey, have a fun time."}, {"start": "00:00:28", "end": "00:00:32", "text": "Metallica has always looked like AI."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Layer twos suck. Most layer twos just"}, {"start": "00:00:04", "end": "00:00:07", "text": "not that they're awful, they just didn't"}, {"start": "00:00:05", "end": "00:00:08", "text": "find a home. They just didn't find"}, {"start": "00:00:07", "end": "00:00:10", "text": "adoption. That's okay. We're going to"}, {"start": "00:00:08", "end": "00:00:12", "text": "see a lot of layer twos go by the"}, {"start": "00:00:10", "end": "00:00:14", "text": "wayside. And that is the natural"}, {"start": "00:00:12", "end": "00:00:16", "text": "progression of business. You could have"}, {"start": "00:00:14", "end": "00:00:19", "text": "the greatest res and the greatest place"}, {"start": "00:00:16", "end": "00:00:21", "text": "with the most fantastic chef, but you're"}, {"start": "00:00:19", "end": "00:00:23", "text": "going to lose sometimes because of a"}, {"start": "00:00:21", "end": "00:00:25", "text": "couple of different reasons. And you"}, {"start": "00:00:23", "end": "00:00:28", "text": "look at yourself and go, why is my"}, {"start": "00:00:25", "end": "00:00:30", "text": "restaurant not working? McDonald's is"}, {"start": "00:00:28", "end": "00:00:31", "text": "packed with a bunch of fat people. Why"}, {"start": "00:00:30", "end": "00:00:32", "text": "can't they come to my awesome"}, {"start": "00:00:31", "end": "00:00:35", "text": "restaurant? Yeah, it's just because"}, {"start": "00:00:32", "end": "00:00:37", "text": "these things happen in business. Pungie"}, {"start": "00:00:35", "end": "00:00:42", "text": "Penguins, which was a great NFT project,"}, {"start": "00:00:37", "end": "00:00:44", "text": "which NFTts, sorry for everybody. Uh,"}, {"start": "00:00:42", "end": "00:00:48", "text": "Puny Penguins abstract becomes second"}, {"start": "00:00:44", "end": "00:00:50", "text": "Ethereum layer 2 to shut down this week."}, {"start": "00:00:48", "end": "00:00:52", "text": "So, this is announcement. The blockchain"}, {"start": "00:00:50", "end": "00:00:55", "text": "will close December 15th after Igloo"}, {"start": "00:00:52", "end": "00:00:56", "text": "spent tens of millions supporting it"}, {"start": "00:00:55", "end": "00:01:00", "text": "days after the blast said its own"}, {"start": "00:00:56", "end": "00:01:02", "text": "network was no longer worth operating."}, {"start": "00:01:00", "end": "00:01:04", "text": "And it was a pretty big information"}, {"start": "00:01:02", "end": "00:01:08", "text": "here. But again, Pudging Penguins is a"}, {"start": "00:01:04", "end": "00:01:11", "text": "big thing NFTts, but they did have uh"}, {"start": "00:01:08", "end": "00:01:13", "text": "distribution in Walmart for their toys."}, {"start": "00:01:11", "end": "00:01:15", "text": "So, I mean, it wasn't a total failure,"}, {"start": "00:01:13", "end": "00:01:17", "text": "but they used that money for a layer two"}, {"start": "00:01:15", "end": "00:01:19", "text": "on Ethereum. Just didn't really work"}, {"start": "00:01:17", "end": "00:01:20", "text": "out. Why didn't it work out? no"}, {"start": "00:01:19", "end": "00:01:22", "text": "adoption. And we can just see here at"}, {"start": "00:01:20", "end": "00:01:25", "text": "Defi Llama, just if you want to break"}, {"start": "00:01:22", "end": "00:01:27", "text": "some things down, you can't do much of"}, {"start": "00:01:25", "end": "00:01:29", "text": "anything if you don't collect some fees."}, {"start": "00:01:27", "end": "00:01:31", "text": "And the fees for abstract, I if you can"}, {"start": "00:01:29", "end": "00:01:33", "text": "see this. Let me see if I can uh blow"}, {"start": "00:01:31", "end": "00:01:36", "text": "this up a little better. The fees for"}, {"start": "00:01:33", "end": "00:01:40", "text": "abstract, the layer 2 chain in 24 hours"}, {"start": "00:01:36", "end": "00:01:42", "text": "with was just under 4,000 bucks. That's"}, {"start": "00:01:40", "end": "00:01:45", "text": "not going to pay the bills and that's"}, {"start": "00:01:42", "end": "00:01:48", "text": "unfortunately the fees. So, we take a"}, {"start": "00:01:45", "end": "00:01:52", "text": "look here. There is a bunch of uh amount"}, {"start": "00:01:48", "end": "00:01:54", "text": "of locked up in DeFi only 8.4 million"}, {"start": "00:01:52", "end": "00:01:55", "text": "but they've they already paid tens of"}, {"start": "00:01:54", "end": "00:01:58", "text": "millions to keep this thing going. So"}, {"start": "00:01:55", "end": "00:01:58", "text": "they're going to shut"}]

[{"start": "00:00:00", "end": "00:00:06", "text": "We have midnight has seen 250% gains"}, {"start": "00:00:03", "end": "00:00:08", "text": "from these recent lows. We have Cardano"}, {"start": "00:00:06", "end": "00:00:10", "text": "which has seemingly done nothing from"}, {"start": "00:00:08", "end": "00:00:13", "text": "its lows in June. And the one the wonder"}, {"start": "00:00:10", "end": "00:00:16", "text": "is is there is there even anything in"}, {"start": "00:00:13", "end": "00:00:19", "text": "play in terms of upside for Cardano? Is"}, {"start": "00:00:16", "end": "00:00:21", "text": "is Knight's move over? And I am telling"}, {"start": "00:00:19", "end": "00:00:25", "text": "you right now everybody the move hasn't"}, {"start": "00:00:21", "end": "00:00:26", "text": "even started. Crypto holder I hope you"}, {"start": "00:00:25", "end": "00:00:28", "text": "are so locked in right now. I've been"}, {"start": "00:00:26", "end": "00:00:29", "text": "doing these crypto videos. You've been"}, {"start": "00:00:28", "end": "00:00:32", "text": "watching my channel since January of"}, {"start": "00:00:29", "end": "00:00:34", "text": "2018 almost daily. I've seen it all."}, {"start": "00:00:32", "end": "00:00:36", "text": "I've been bullish even through all of"}, {"start": "00:00:34", "end": "00:00:40", "text": "this mess. And I can confidently tell"}, {"start": "00:00:36", "end": "00:00:42", "text": "you right now, we are in this moment."}, {"start": "00:00:40", "end": "00:00:44", "text": "And I'm telling you this as a crypto"}, {"start": "00:00:42", "end": "00:00:46", "text": "content creator that is just constantly"}, {"start": "00:00:44", "end": "00:00:48", "text": "tracking these cycles in this moment of"}, {"start": "00:00:46", "end": "00:00:51", "text": "where we are. And this is an Ethereum"}, {"start": "00:00:48", "end": "00:00:53", "text": "chart. We are at this very moment. And"}, {"start": "00:00:51", "end": "00:00:56", "text": "it's not a guarantee. It's not an"}, {"start": "00:00:53", "end": "00:00:58", "text": "absolute certainty, but if you could"}, {"start": "00:00:56", "end": "00:01:00", "text": "wait for all of the right ingredients,"}, {"start": "00:00:58", "end": "00:01:02", "text": "and I mean crypto cycles, I mean"}, {"start": "00:01:00", "end": "00:01:05", "text": "technical indicators, I mean"}, {"start": "00:01:02", "end": "00:01:09", "text": "macroeconomic indicators, I mean even"}, {"start": "00:01:05", "end": "00:01:12", "text": "tariff fear at almost precisely the same"}, {"start": "00:01:09", "end": "00:01:14", "text": "time of these cycles. If you could have"}, {"start": "00:01:12", "end": "00:01:16", "text": "all of these ingredients coming together"}, {"start": "00:01:14", "end": "00:01:19", "text": "at the simple moment where it creates"}, {"start": "00:01:16", "end": "00:01:21", "text": "the best opportunity for crypto holders,"}, {"start": "00:01:19", "end": "00:01:23", "text": "it is where we are right now. and it"}, {"start": "00:01:21", "end": "00:01:24", "text": "doesn't come with a guarantee. But I"}, {"start": "00:01:23", "end": "00:01:27", "text": "will tell you one thing for somebody"}, {"start": "00:01:24", "end": "00:01:29", "text": "that manages my risk. This is exactly"}, {"start": "00:01:27", "end": "00:01:31", "text": "where I want things to be. And that's"}, {"start": "00:01:29", "end": "00:01:34", "text": "after a five-year bare market for"}, {"start": "00:01:31", "end": "00:01:36", "text": "altcoins. So, I want to dissect Cardano"}, {"start": "00:01:34", "end": "00:01:38", "text": "and Midnight in this video. And I'm"}, {"start": "00:01:36", "end": "00:01:40", "text": "excited to do so because these are two"}, {"start": "00:01:38", "end": "00:01:42", "text": "very incredibly bullish cryptos. And I"}, {"start": "00:01:40", "end": "00:01:44", "text": "really want to give you my take in terms"}, {"start": "00:01:42", "end": "00:01:46", "text": "of Cardano and Midnight, but also"}, {"start": "00:01:44", "end": "00:01:48", "text": "Cardano versus Midnight because I think"}, {"start": "00:01:46", "end": "00:01:50", "text": "there's an interesting dynamic there. To"}, {"start": "00:01:48", "end": "00:01:51", "text": "start the video though, real quick, I"}, {"start": "00:01:50", "end": "00:01:53", "text": "just want to mention something to you on"}, {"start": "00:01:51", "end": "00:01:54", "text": "the on the Ethereum chart. And I want"}, {"start": "00:01:53", "end": "00:01:56", "text": "you to keep this in mind as we go"}, {"start": "00:01:54", "end": "00:01:59", "text": "through the technical analysis for"}, {"start": "00:01:56", "end": "00:02:00", "text": "Cardono and Midnight. Here's Ethereum. I"}, {"start": "00:01:59", "end": "00:02:02", "text": "want to paint the one minute picture,"}, {"start": "00:02:00", "end": "00:02:05", "text": "especially if you haven't seen any of my"}, {"start": "00:02:02", "end": "00:02:07", "text": "YouTube videos. I come at this cycle,"}, {"start": "00:02:05", "end": "00:02:10", "text": "you know, for crypto from this"}, {"start": "00:02:07", "end": "00:02:13", "text": "perspective of the macroeconomic cycles."}, {"start": "00:02:10", "end": "00:02:15", "text": "So, thinking of this like quantitative"}, {"start": "00:02:13", "end": "00:02:16", "text": "tightening last cycle, quantitative"}, {"start": "00:02:15", "end": "00:02:19", "text": "tightening this cycle. These are"}, {"start": "00:02:16", "end": "00:02:22", "text": "incredibly stressful times for crypto."}, {"start": "00:02:19", "end": "00:02:24", "text": "This is liquidity extraction and crypto"}, {"start": "00:02:22", "end": "00:02:28", "text": "has gone through so much liquidity"}, {"start": "00:02:24", "end": "00:02:30", "text": "extraction since November of 2017. So"}, {"start": "00:02:28", "end": "00:02:32", "text": "last cycle what happened was and this is"}, {"start": "00:02:30", "end": "00:02:34", "text": "an Ethereum chart but it visualizes it"}, {"start": "00:02:32", "end": "00:02:36", "text": "nicely. QT ended at the end of July. We"}, {"start": "00:02:34", "end": "00:02:38", "text": "went into a normalization dip, a"}, {"start": "00:02:36", "end": "00:02:40", "text": "normalization phase and crypto went into"}, {"start": "00:02:38", "end": "00:02:43", "text": "expansion bull market with economic"}, {"start": "00:02:40", "end": "00:02:46", "text": "expansion. So this time around after"}, {"start": "00:02:43", "end": "00:02:48", "text": "record-breaking QT, we've gone into kind"}, {"start": "00:02:46", "end": "00:02:50", "text": "of this postQT normalization phase once"}, {"start": "00:02:48", "end": "00:02:53", "text": "again, very similar to back here last"}, {"start": "00:02:50", "end": "00:02:55", "text": "cycle. And we have the pivot of economic"}, {"start": "00:02:53", "end": "00:02:57", "text": "contraction into expansion. And this is"}, {"start": "00:02:55", "end": "00:02:59", "text": "where we are right now. The thing I want"}, {"start": "00:02:57", "end": "00:03:01", "text": "you to keep in mind is not just that"}, {"start": "00:02:59", "end": "00:03:02", "text": "though. It's actually on the RSI, the"}, {"start": "00:03:01", "end": "00:03:04", "text": "slower moving momentum oscillator on"}, {"start": "00:03:02", "end": "00:03:06", "text": "Ethereum. I just want to show you"}, {"start": "00:03:04", "end": "00:03:09", "text": "something because I know cryptos have"}, {"start": "00:03:06", "end": "00:03:13", "text": "been moving, right? We have midnight has"}, {"start": "00:03:09", "end": "00:03:15", "text": "seen 250% gains from these recent lows."}, {"start": "00:03:13", "end": "00:03:17", "text": "We have Cardano which has seemingly done"}, {"start": "00:03:15", "end": "00:03:20", "text": "nothing from its lows in June. And the"}, {"start": "00:03:17", "end": "00:03:22", "text": "one the wonder is is there is there even"}, {"start": "00:03:20", "end": "00:03:26", "text": "anything in play in terms of upside for"}, {"start": "00:03:22", "end": "00:03:29", "text": "Cardano? Is is Knight's move over? And I"}, {"start": "00:03:26", "end": "00:03:31", "text": "am telling you right now everybody the"}, {"start": "00:03:29", "end": "00:03:33", "text": "move hasn't even started for any of"}, {"start": "00:03:31", "end": "00:03:36", "text": "these cryptos. This is Ethereum to paint"}, {"start": "00:03:33", "end": "00:03:40", "text": "the picture. Look at Ethereum on this"}, {"start": "00:03:36", "end": "00:03:43", "text": "RSI. It's a lower high on the RSI for so"}, {"start": "00:03:40", "end": "00:03:45", "text": "far this kind of March 2024 overbought"}, {"start": "00:03:43", "end": "00:03:47", "text": "area. But the reason I'm pointing that"}, {"start": "00:03:45", "end": "00:03:49", "text": "out to you is not to say, okay, we're"}, {"start": "00:03:47", "end": "00:03:50", "text": "still in consolidation range on the RSI"}, {"start": "00:03:49", "end": "00:03:52", "text": "and we're still in consolidation range"}, {"start": "00:03:50", "end": "00:03:55", "text": "for for Ethereum. And even if you"}, {"start": "00:03:52", "end": "00:03:57", "text": "actually go back to 2021, we are still"}, {"start": "00:03:55", "end": "00:04:00", "text": "in consolidation range, right? Swing"}, {"start": "00:03:57", "end": "00:04:02", "text": "high, lower high, lower high, lower"}, {"start": "00:04:00", "end": "00:04:05", "text": "high, and we are being compressed and"}, {"start": "00:04:02", "end": "00:04:07", "text": "coiled. So, you wonder is Cardano's move"}, {"start": "00:04:05", "end": "00:04:09", "text": "like from these recent lows in June like"}, {"start": "00:04:07", "end": "00:04:11", "text": "was that it? Is it over? I'm telling"}, {"start": "00:04:09", "end": "00:04:14", "text": "you, it hasn't even started. Midnight"}, {"start": "00:04:11", "end": "00:04:16", "text": "after 250% gains, was that it? I'm"}, {"start": "00:04:14", "end": "00:04:18", "text": "telling you, it hasn't even started."}, {"start": "00:04:16", "end": "00:04:21", "text": "That we are entering the new cycle right"}, {"start": "00:04:18", "end": "00:04:23", "text": "now. With that being said, if you draw"}, {"start": "00:04:21", "end": "00:04:26", "text": "your attention to when we went into"}, {"start": "00:04:23", "end": "00:04:29", "text": "expansion mode last cycle, that is post"}, {"start": "00:04:26", "end": "00:04:31", "text": "QT dip happened after after all this"}, {"start": "00:04:29", "end": "00:04:32", "text": "quantitative tightening over here and we"}, {"start": "00:04:31", "end": "00:04:36", "text": "went into expansion mode. Look what the"}, {"start": "00:04:32", "end": "00:04:38", "text": "RSI on Ethereum was doing. You have kind"}, {"start": "00:04:36", "end": "00:04:41", "text": "of this breakout. We like touched"}, {"start": "00:04:38", "end": "00:04:44", "text": "overbought briefly and then CO brought"}, {"start": "00:04:41", "end": "00:04:45", "text": "it back down. But even if you look at"}, {"start": "00:04:44", "end": "00:04:47", "text": "this one where we actually got into"}, {"start": "00:04:45", "end": "00:04:50", "text": "overbought and this was basically August"}, {"start": "00:04:47", "end": "00:04:53", "text": "of 2020. It's like ah overbought and we"}, {"start": "00:04:50", "end": "00:04:55", "text": "start coming back down. It's like uhoh,"}, {"start": "00:04:53", "end": "00:04:58", "text": "you know, is it game over? Like was that"}, {"start": "00:04:55", "end": "00:05:00", "text": "it right? This move there it is. August"}, {"start": "00:04:58", "end": "00:05:02", "text": "2020 we got overbought. We start coming"}, {"start": "00:05:00", "end": "00:05:04", "text": "back down. Is it over to the 20we? I"}, {"start": "00:05:02", "end": "00:05:06", "text": "guess so. No. Look at the chart"}, {"start": "00:05:04", "end": "00:05:08", "text": "everybody. It was just the very"}, {"start": "00:05:06", "end": "00:05:12", "text": "beginning. Ethereum had yet to break"}, {"start": "00:05:08", "end": "00:05:15", "text": "all-time highs and Ethereum had yet to"}, {"start": "00:05:12", "end": "00:05:17", "text": "go into its bull market. We are almost"}, {"start": "00:05:15", "end": "00:05:19", "text": "precisely right here in and even better,"}, {"start": "00:05:17", "end": "00:05:21", "text": "I would say, because not only have we"}, {"start": "00:05:19", "end": "00:05:23", "text": "had more compression in terms of this"}, {"start": "00:05:21", "end": "00:05:27", "text": "cycle, we've not had the bull market"}, {"start": "00:05:23", "end": "00:05:29", "text": "since last cycle 2020, 2021, but right"}, {"start": "00:05:27", "end": "00:05:30", "text": "now we have an SEC that is bullish on"}, {"start": "00:05:29", "end": "00:05:33", "text": "crypto. We have a pro- crypto"}, {"start": "00:05:30", "end": "00:05:36", "text": "administration. We have rules coming"}, {"start": "00:05:33", "end": "00:05:39", "text": "into play because of SEC and CFTC. We"}, {"start": "00:05:36", "end": "00:05:40", "text": "have we have mass tokenization underway"}, {"start": "00:05:39", "end": "00:05:43", "text": "right now. We have institutionalization."}, {"start": "00:05:40", "end": "00:05:47", "text": "We have all mostly all of the firms,"}, {"start": "00:05:43", "end": "00:05:49", "text": "traditional firms across the globe"}, {"start": "00:05:47", "end": "00:05:51", "text": "bullish on crypto and I mean bullish on"}, {"start": "00:05:49", "end": "00:05:54", "text": "altcoins. So that's where we are right"}, {"start": "00:05:51", "end": "00:05:55", "text": "now at the confluence of all these other"}, {"start": "00:05:54", "end": "00:05:57", "text": "indicators. And I know that's a massive"}, {"start": "00:05:55", "end": "00:05:59", "text": "setup just to talk about Cardano at"}, {"start": "00:05:57", "end": "00:06:02", "text": "midnight, but I'm telling you right now,"}, {"start": "00:05:59", "end": "00:06:04", "text": "everybody, altcoins, they look so good"}, {"start": "00:06:02", "end": "00:06:05", "text": "right now. And it's not a certainty or a"}, {"start": "00:06:04", "end": "00:06:07", "text": "guarantee, but if you are a macro"}, {"start": "00:06:05", "end": "00:06:09", "text": "investor and if you're following all"}, {"start": "00:06:07", "end": "00:06:11", "text": "this data along with me that I'm"}, {"start": "00:06:09", "end": "00:06:12", "text": "following, I think you're picking up"}, {"start": "00:06:11", "end": "00:06:15", "text": "what I'm putting down. And that is the"}, {"start": "00:06:12", "end": "00:06:17", "text": "riskreward right now is there for any"}, {"start": "00:06:15", "end": "00:06:19", "text": "value investor. So, let's talk about"}, {"start": "00:06:17", "end": "00:06:21", "text": "Cardano and then Midnight. And by the"}, {"start": "00:06:19", "end": "00:06:23", "text": "way, I want to lead with this for"}, {"start": "00:06:21", "end": "00:06:25", "text": "Cardano because I'm going to give you my"}, {"start": "00:06:23", "end": "00:06:28", "text": "my genuine thoughts about Cardano and"}, {"start": "00:06:25", "end": "00:06:32", "text": "Midnight, but I want to be very clear"}, {"start": "00:06:28", "end": "00:06:34", "text": "right now. Cardano is massive and"}, {"start": "00:06:32", "end": "00:06:37", "text": "Cardano will surprise. It's what it"}, {"start": "00:06:34", "end": "00:06:40", "text": "does. It is going, it is so bullish and"}, {"start": "00:06:37", "end": "00:06:42", "text": "it's going to, I think, perform well in"}, {"start": "00:06:40", "end": "00:06:43", "text": "this cycle. I don't think it will"}, {"start": "00:06:42", "end": "00:06:45", "text": "perform as well as Knight, but it's"}, {"start": "00:06:43", "end": "00:06:48", "text": "going to perform well. But just take"}, {"start": "00:06:45", "end": "00:06:49", "text": "note of this. Blockworks ranks Cardano"}, {"start": "00:06:48", "end": "00:06:53", "text": "ADA as the fourth highest mind share at"}, {"start": "00:06:49", "end": "00:06:54", "text": "3.11%. I'm telling you everybody,"}, {"start": "00:06:53", "end": "00:06:56", "text": "you're going to see in the comments of"}, {"start": "00:06:54", "end": "00:06:57", "text": "this video just because Cardano is going"}, {"start": "00:06:56", "end": "00:07:00", "text": "to be in the title. Watch the"}, {"start": "00:06:57", "end": "00:07:04", "text": "negativity. Ignore it. That's what I've"}, {"start": "00:07:00", "end": "00:07:06", "text": "had to do for years. Ignore it. The mind"}, {"start": "00:07:04", "end": "00:07:09", "text": "share that Cardano has in the crypto"}, {"start": "00:07:06", "end": "00:07:11", "text": "space is absolutely insane. And there"}, {"start": "00:07:09", "end": "00:07:13", "text": "are so many bullish narratives for"}, {"start": "00:07:11", "end": "00:07:16", "text": "Cardano that people I think are very"}, {"start": "00:07:13", "end": "00:07:18", "text": "slowly catching on to and may maybe very"}, {"start": "00:07:16", "end": "00:07:20", "text": "slowly going to start catching on to the"}, {"start": "00:07:18", "end": "00:07:21", "text": "bullishness of the charts as well. So"}, {"start": "00:07:20", "end": "00:07:23", "text": "let's talk about this chart and then"}, {"start": "00:07:21", "end": "00:07:24", "text": "we're going to go into midnight and talk"}, {"start": "00:07:23", "end": "00:07:26", "text": "about midnight charts as well and then"}, {"start": "00:07:24", "end": "00:07:27", "text": "obviously Cardano versus Midnight"}, {"start": "00:07:26", "end": "00:07:30", "text": "because I just think it's an interesting"}, {"start": "00:07:27", "end": "00:07:32", "text": "dynam dynamic for me. Somebody that has"}, {"start": "00:07:30", "end": "00:07:34", "text": "been bullish on the Cardano ecosystem"}, {"start": "00:07:32", "end": "00:07:38", "text": "and has made some recent very important"}, {"start": "00:07:34", "end": "00:07:41", "text": "moves uh in terms of these two plays."}, {"start": "00:07:38", "end": "00:07:43", "text": "So, here's Cardano on the weekly. If you"}, {"start": "00:07:41", "end": "00:07:46", "text": "just look at this, right, this is a"}, {"start": "00:07:43", "end": "00:07:49", "text": "typical Cardano situation. That is to"}, {"start": "00:07:46", "end": "00:07:52", "text": "say, it's not seemingly done as well as"}, {"start": "00:07:49", "end": "00:07:55", "text": "other cryptos, but the setup on the"}, {"start": "00:07:52", "end": "00:07:57", "text": "macro is just ready for an absolutely"}, {"start": "00:07:55", "end": "00:08:00", "text": "explosive move. So, we looked at what"}, {"start": "00:07:57", "end": "00:08:02", "text": "this looks like for um for Ethereum in"}, {"start": "00:08:00", "end": "00:08:05", "text": "terms of the setup that's going on for"}, {"start": "00:08:02", "end": "00:08:07", "text": "Ethereum. Just look at from a momentum"}, {"start": "00:08:05", "end": "00:08:10", "text": "perspective. Look at it from a momentum"}, {"start": "00:08:07", "end": "00:08:12", "text": "perspective for Cardano. It's very"}, {"start": "00:08:10", "end": "00:08:14", "text": "simple and sometimes it can be this"}, {"start": "00:08:12", "end": "00:08:18", "text": "simple. Let me actually just get this"}, {"start": "00:08:14", "end": "00:08:21", "text": "rectangle. If you plot on the RSI from"}, {"start": "00:08:18", "end": "00:08:25", "text": "right around the 50 line, just this"}, {"start": "00:08:21", "end": "00:08:28", "text": "area, right? This is basically"}, {"start": "00:08:25", "end": "00:08:30", "text": "Cardano bare market territory. Meaning"}, {"start": "00:08:28", "end": "00:08:34", "text": "there's not this upward momentum that"}, {"start": "00:08:30", "end": "00:08:37", "text": "leads into bull mode. Cardano has just"}, {"start": "00:08:34", "end": "00:08:38", "text": "been there much of the time, right? And"}, {"start": "00:08:37", "end": "00:08:40", "text": "here's the last bull market just so you"}, {"start": "00:08:38", "end": "00:08:42", "text": "get a sense of what a bull market for"}, {"start": "00:08:40", "end": "00:08:44", "text": "Cardano looks like. Here is Cardono"}, {"start": "00:08:42", "end": "00:08:46", "text": "making some moves along with the rest of"}, {"start": "00:08:44", "end": "00:08:49", "text": "like all coins. If you see these these"}, {"start": "00:08:46", "end": "00:08:51", "text": "moves in like 2023 as well as obviously"}, {"start": "00:08:49", "end": "00:08:53", "text": "November 2024, we kind of got into"}, {"start": "00:08:51", "end": "00:08:55", "text": "overbought territory, but we all many"}, {"start": "00:08:53", "end": "00:08:56", "text": "altcoins most altcoins didn't break"}, {"start": "00:08:55", "end": "00:08:59", "text": "all-time highs. They didn't go into"}, {"start": "00:08:56", "end": "00:09:02", "text": "their parabolic bull runs. This is a"}, {"start": "00:08:59", "end": "00:09:04", "text": "coiled spring on Cardano. and remember"}, {"start": "00:09:02", "end": "00:09:06", "text": "what Cardano is in terms of its tech and"}, {"start": "00:09:04", "end": "00:09:08", "text": "also in terms of its community and in"}, {"start": "00:09:06", "end": "00:09:11", "text": "terms of how it's kind of maintained"}, {"start": "00:09:08", "end": "00:09:14", "text": "itself in the crypto ecosystem. So"}, {"start": "00:09:11", "end": "00:09:16", "text": "Cardano move has not happened yet and"}, {"start": "00:09:14", "end": "00:09:18", "text": "that's kind of what we're waiting for. I"}, {"start": "00:09:16", "end": "00:09:20", "text": "I wouldn't even say that Cardano is in"}, {"start": "00:09:18", "end": "00:09:22", "text": "its bull market until we're above the"}, {"start": "00:09:20", "end": "00:09:24", "text": "200 day moving average. It's right"}, {"start": "00:09:22", "end": "00:09:25", "text": "around 47 cents. We can call it 50 cents"}, {"start": "00:09:24", "end": "00:09:27", "text": "but that's the starting line for"}, {"start": "00:09:25", "end": "00:09:30", "text": "Cardano. Until then, it's going to be"}, {"start": "00:09:27", "end": "00:09:32", "text": "FUD and negativity, which is fear,"}, {"start": "00:09:30", "end": "00:09:33", "text": "uncertainty, and doubt. And and we're"}, {"start": "00:09:32", "end": "00:09:34", "text": "just going to have to let cons uh"}, {"start": "00:09:33", "end": "00:09:36", "text": "Cardano do its thing and consolidate"}, {"start": "00:09:34", "end": "00:09:38", "text": "until it gets to that area. And then"}, {"start": "00:09:36", "end": "00:09:39", "text": "you're going to see all the negative"}, {"start": "00:09:38", "end": "00:09:41", "text": "comments go away because people will be"}, {"start": "00:09:39", "end": "00:09:43", "text": "like, man, is Cardano going to make a"}, {"start": "00:09:41", "end": "00:09:45", "text": "run for it. And they won't think that"}, {"start": "00:09:43", "end": "00:09:47", "text": "until Cardano's above the 200E moving"}, {"start": "00:09:45", "end": "00:09:50", "text": "average. But when it gets there, just"}, {"start": "00:09:47", "end": "00:09:52", "text": "notice this as an indicator from a"}, {"start": "00:09:50", "end": "00:09:54", "text": "sentiment perspective. You'll watch the"}, {"start": "00:09:52", "end": "00:09:56", "text": "negativity disappear because it will"}, {"start": "00:09:54", "end": "00:09:59", "text": "have closed an important gap from this"}, {"start": "00:09:56", "end": "00:10:02", "text": "area in the teens, right, the lows to"}, {"start": "00:09:59", "end": "00:10:03", "text": "this 50 area. And then all of a sudden,"}, {"start": "00:10:02", "end": "00:10:07", "text": "there's not that big of a gap to"}, {"start": "00:10:03", "end": "00:10:09", "text": "all-time highs. And then you'll see this"}, {"start": "00:10:07", "end": "00:10:11", "text": "kind of turning in terms of the"}, {"start": "00:10:09", "end": "00:10:14", "text": "narrative for Cardano. And it's going to"}, {"start": "00:10:11", "end": "00:10:16", "text": "become powerful because this cycle"}, {"start": "00:10:14", "end": "00:10:19", "text": "Cardano actually has institutional"}, {"start": "00:10:16", "end": "00:10:21", "text": "confidence and institutions are taking"}, {"start": "00:10:19", "end": "00:10:23", "text": "note of Cardano. So with that being"}, {"start": "00:10:21", "end": "00:10:25", "text": "said, if we actually zoom in on the"}, {"start": "00:10:23", "end": "00:10:26", "text": "daily, I just want to do some short"}, {"start": "00:10:25", "end": "00:10:27", "text": "shorter term analysis because I know a"}, {"start": "00:10:26", "end": "00:10:30", "text": "lot of people are watching the shorter"}, {"start": "00:10:27", "end": "00:10:32", "text": "term. We have to allow Cardano to"}, {"start": "00:10:30", "end": "00:10:34", "text": "continue to consolidate. We didn't get"}, {"start": "00:10:32", "end": "00:10:35", "text": "the breakout move, right? I thought it"}, {"start": "00:10:34", "end": "00:10:38", "text": "was actually going to happen. that is"}, {"start": "00:10:35", "end": "00:10:40", "text": "out of this this kind of pattern that"}, {"start": "00:10:38", "end": "00:10:42", "text": "Cardono has been in. Higher highs,"}, {"start": "00:10:40", "end": "00:10:44", "text": "higher lows. I really thought it was"}, {"start": "00:10:42", "end": "00:10:46", "text": "going to at least make its way into the"}, {"start": "00:10:44", "end": "00:10:48", "text": "30s, right? To hit the target. It"}, {"start": "00:10:46", "end": "00:10:50", "text": "didn't. So, right now, a very important"}, {"start": "00:10:48", "end": "00:10:52", "text": "thing is happening on the short term as"}, {"start": "00:10:50", "end": "00:10:54", "text": "we wait to see what crypto does at this"}, {"start": "00:10:52", "end": "00:10:56", "text": "point in the cycle. And that is we are"}, {"start": "00:10:54", "end": "00:10:58", "text": "testing above the 200 day moving"}, {"start": "00:10:56", "end": "00:11:00", "text": "average. So this is the last moving"}, {"start": "00:10:58", "end": "00:11:02", "text": "average area of defense which is almost"}, {"start": "00:11:00", "end": "00:11:05", "text": "exactly confluent with this lower trend"}, {"start": "00:11:02", "end": "00:11:07", "text": "line here, this higher low trend line."}, {"start": "00:11:05", "end": "00:11:10", "text": "We're testing that area while testing"}, {"start": "00:11:07", "end": "00:11:11", "text": "the apex of this pattern. On the short"}, {"start": "00:11:10", "end": "00:11:13", "text": "term, it would be phenomenal to see"}, {"start": "00:11:11", "end": "00:11:15", "text": "Cardano see support at this area. It"}, {"start": "00:11:13", "end": "00:11:17", "text": "really would and actually start trending"}, {"start": "00:11:15", "end": "00:11:21", "text": "back up and then making its breakout."}, {"start": "00:11:17", "end": "00:11:23", "text": "I'm not so sure it will. There's a"}, {"start": "00:11:21", "end": "00:11:27", "text": "there's definitely a case for, you know,"}, {"start": "00:11:23", "end": "00:11:29", "text": "Bitcoin to kind of dip well into the 70s"}, {"start": "00:11:27", "end": "00:11:30", "text": "in this consolidation. If this happens,"}, {"start": "00:11:29", "end": "00:11:32", "text": "Cardano is probably going to break this"}, {"start": "00:11:30", "end": "00:11:33", "text": "structure. And I just want this to be"}, {"start": "00:11:32", "end": "00:11:36", "text": "something, if you're watching Cardono,"}, {"start": "00:11:33", "end": "00:11:38", "text": "to be prepared for. If that happens, we"}, {"start": "00:11:36", "end": "00:11:40", "text": "have to re-evaluate this structure. And"}, {"start": "00:11:38", "end": "00:11:42", "text": "what we will do is we're going to start"}, {"start": "00:11:40", "end": "00:11:44", "text": "kind of seeing a a more midterm"}, {"start": "00:11:42", "end": "00:11:47", "text": "structural setup. And let me explain"}, {"start": "00:11:44", "end": "00:11:49", "text": "that. So from the swing low in June to"}, {"start": "00:11:47", "end": "00:11:50", "text": "the swing high, we always have this"}, {"start": "00:11:49", "end": "00:11:52", "text": "higher low kind of more midterm"}, {"start": "00:11:50", "end": "00:11:55", "text": "Fibonacci. And just to give you a sense,"}, {"start": "00:11:52", "end": "00:11:58", "text": "that is right here around 17 to 19"}, {"start": "00:11:55", "end": "00:12:00", "text": "cents. So if Cardano breaks through this"}, {"start": "00:11:58", "end": "00:12:02", "text": "structure, breaks the support, that's"}, {"start": "00:12:00", "end": "00:12:05", "text": "the next area of support for Cardano. If"}, {"start": "00:12:02", "end": "00:12:07", "text": "Cardano does that, it does not change"}, {"start": "00:12:05", "end": "00:12:09", "text": "the bullish thesis for Cardano. It's not"}, {"start": "00:12:07", "end": "00:12:11", "text": "going to change the bullish bullish"}, {"start": "00:12:09", "end": "00:12:12", "text": "thesis for crypto because altcoins will"}, {"start": "00:12:11", "end": "00:12:14", "text": "be dipping and probably breaking other"}, {"start": "00:12:12", "end": "00:12:15", "text": "pieces of structure on a bunch of"}, {"start": "00:12:14", "end": "00:12:19", "text": "different altcoin charts. But you can"}, {"start": "00:12:15", "end": "00:12:20", "text": "just see we'll revisit down here. If"}, {"start": "00:12:19", "end": "00:12:23", "text": "that happens, what will we have? We'll"}, {"start": "00:12:20", "end": "00:12:25", "text": "start having a more midterm type of"}, {"start": "00:12:23", "end": "00:12:27", "text": "structure playing out and something we"}, {"start": "00:12:25", "end": "00:12:29", "text": "have to monitor."}, {"start": "00:12:27", "end": "00:12:31", "text": "And oftent times when we get this macro"}, {"start": "00:12:29", "end": "00:12:33", "text": "consolidation, and by the way, this is"}, {"start": "00:12:31", "end": "00:12:36", "text": "macro consolidation necessary to exit"}, {"start": "00:12:33", "end": "00:12:39", "text": "exit a bear, right? not only just from"}, {"start": "00:12:36", "end": "00:12:42", "text": "the 2025 highs or whatever, but also"}, {"start": "00:12:39", "end": "00:12:44", "text": "just from the 2021"}, {"start": "00:12:42", "end": "00:12:47", "text": "highs, right? That's what we're exiting"}, {"start": "00:12:44", "end": "00:12:48", "text": "here. All of this liquidity extraction"}, {"start": "00:12:47", "end": "00:12:51", "text": "that you see on the screen, that's what"}, {"start": "00:12:48", "end": "00:12:53", "text": "we're exiting here. So, for Cardano and"}, {"start": "00:12:51", "end": "00:12:56", "text": "for pretty much all crypto charts, we"}, {"start": "00:12:53", "end": "00:12:58", "text": "have to allow for midterm structure at"}, {"start": "00:12:56", "end": "00:12:59", "text": "the very least. So, this could look like"}, {"start": "00:12:58", "end": "00:13:01", "text": "boom, maybe we're coming down to this"}, {"start": "00:12:59", "end": "00:13:03", "text": "Fibonacci, we're back at like 18 cents,"}, {"start": "00:13:01", "end": "00:13:05", "text": "maybe 17, maybe even goes a little"}, {"start": "00:13:03", "end": "00:13:08", "text": "lower, I don't know. But then we have a"}, {"start": "00:13:05", "end": "00:13:10", "text": "more midterm structure setup potentially"}, {"start": "00:13:08", "end": "00:13:13", "text": "a symmetrical triangle to exit out of"}, {"start": "00:13:10", "end": "00:13:17", "text": "this entire kind of bear that we've been"}, {"start": "00:13:13", "end": "00:13:19", "text": "in. Whether it's the 2025 bear or the"}, {"start": "00:13:17", "end": "00:13:21", "text": "2021 to now bear, however you want to"}, {"start": "00:13:19", "end": "00:13:24", "text": "see it, whether it's the liquidity"}, {"start": "00:13:21", "end": "00:13:26", "text": "extraction bear or the economic"}, {"start": "00:13:24", "end": "00:13:27", "text": "contraction bear or there's so many"}, {"start": "00:13:26", "end": "00:13:29", "text": "different reasons why crypto has been in"}, {"start": "00:13:27", "end": "00:13:32", "text": "a bare market. We've not had a crypto"}, {"start": "00:13:29", "end": "00:13:34", "text": "bull market since 2020 into 2021."}, {"start": "00:13:32", "end": "00:13:37", "text": "There's so many reasons, but with it"}, {"start": "00:13:34", "end": "00:13:40", "text": "comes the bottom. And with that comes"}, {"start": "00:13:37", "end": "00:13:42", "text": "the necessary setup, the necessary"}, {"start": "00:13:40", "end": "00:13:43", "text": "structure to form the bottom. So for"}, {"start": "00:13:42", "end": "00:13:45", "text": "Cardano, that's what it looks like,"}, {"start": "00:13:43", "end": "00:13:47", "text": "right? Or it's what it could look like"}, {"start": "00:13:45", "end": "00:13:49", "text": "if if all this short-term support fails."}, {"start": "00:13:47", "end": "00:13:51", "text": "So that's what I'll be watching for. You"}, {"start": "00:13:49", "end": "00:13:52", "text": "know, Cardano to break maybe to the"}, {"start": "00:13:51", "end": "00:13:54", "text": "upside off of this support would be"}, {"start": "00:13:52", "end": "00:13:56", "text": "awesome. But if there's downside, that's"}, {"start": "00:13:54", "end": "00:13:58", "text": "a support to watch for. Um, but really"}, {"start": "00:13:56", "end": "00:14:00", "text": "the next target for me is really sitting"}, {"start": "00:13:58", "end": "00:14:02", "text": "on the weekly. And then things get very"}, {"start": "00:14:00", "end": "00:14:06", "text": "interesting for Cardano. And that is at"}, {"start": "00:14:02", "end": "00:14:08", "text": "the 47 C range uh right at the 200 day"}, {"start": "00:14:06", "end": "00:14:10", "text": "moving the 200 week moving average. With"}, {"start": "00:14:08", "end": "00:14:12", "text": "that being said, let's pivot to midnight"}, {"start": "00:14:10", "end": "00:14:13", "text": "and talk about midnight for a moment and"}, {"start": "00:14:12", "end": "00:14:14", "text": "we're going to do analysis on the"}, {"start": "00:14:13", "end": "00:14:16", "text": "shorter term and we're also going to"}, {"start": "00:14:14", "end": "00:14:19", "text": "look at ADA versus midnight. This is"}, {"start": "00:14:16", "end": "00:14:20", "text": "what um well actually this is the the"}, {"start": "00:14:19", "end": "00:14:23", "text": "chart but we're going to go to the chart"}, {"start": "00:14:20", "end": "00:14:27", "text": "on ADA versus midnight. So here is"}, {"start": "00:14:23", "end": "00:14:31", "text": "midnight on the weekly. Here is midnight"}, {"start": "00:14:27", "end": "00:14:32", "text": "on the daily. Obviously clear on the"}, {"start": "00:14:31", "end": "00:14:34", "text": "daily that there's consolidation in"}, {"start": "00:14:32", "end": "00:14:37", "text": "play. The thing I want to point out to"}, {"start": "00:14:34", "end": "00:14:38", "text": "you on midnight on the weekly is 250%"}, {"start": "00:14:37", "end": "00:14:42", "text": "gains from the bottom. It was not long"}, {"start": "00:14:38", "end": "00:14:44", "text": "ago, everybody. This was just in July."}, {"start": "00:14:42", "end": "00:14:47", "text": "Don't care what crypto you're looking"}, {"start": "00:14:44", "end": "00:14:49", "text": "at, consolidation is needed. I saw this"}, {"start": "00:14:47", "end": "00:14:50", "text": "post. They actually reposted me from"}, {"start": "00:14:49", "end": "00:14:52", "text": "yesterday. I said, I don't know when,"}, {"start": "00:14:50", "end": "00:14:54", "text": "but I think Midnight's going to make a"}, {"start": "00:14:52", "end": "00:14:56", "text": "parabolic move to top 20. Top 20. It"}, {"start": "00:14:54", "end": "00:14:58", "text": "will be very exciting for night holders."}, {"start": "00:14:56", "end": "00:14:59", "text": "I just genuinely think that people like"}, {"start": "00:14:58", "end": "00:15:01", "text": "think I'm like shilling just because I'm"}, {"start": "00:14:59", "end": "00:15:04", "text": "holding. I need to do these like pumpy"}, {"start": "00:15:01", "end": "00:15:06", "text": "posts. I'm just tracking like my"}, {"start": "00:15:04", "end": "00:15:07", "text": "thoughts. I'm bullish on these cryptos."}, {"start": "00:15:06", "end": "00:15:09", "text": "I'm going to post bullish on them. I"}, {"start": "00:15:07", "end": "00:15:11", "text": "don't know why people have a problem"}, {"start": "00:15:09", "end": "00:15:13", "text": "with that, but that's genuinely what I"}, {"start": "00:15:11", "end": "00:15:15", "text": "think where Midnight is right now and"}, {"start": "00:15:13", "end": "00:15:16", "text": "the way I'm tracking it right now. It"}, {"start": "00:15:15", "end": "00:15:19", "text": "really feels so similar to when I was"}, {"start": "00:15:16", "end": "00:15:22", "text": "tracking Cardano like 10 cents last"}, {"start": "00:15:19", "end": "00:15:25", "text": "cycle. That's how I feel. That's what it"}, {"start": "00:15:22", "end": "00:15:28", "text": "seems like to me. But his post made a"}, {"start": "00:15:25", "end": "00:15:29", "text": "very nice summation of Midnight. I think"}, {"start": "00:15:28", "end": "00:15:31", "text": "Knight is going to leave Zcash in the"}, {"start": "00:15:29", "end": "00:15:33", "text": "dust. Charles doesn't have the same fund"}, {"start": "00:15:31", "end": "00:15:35", "text": "out. This is such a good point and it"}, {"start": "00:15:33", "end": "00:15:38", "text": "plays into my Cardano and Midnight kind"}, {"start": "00:15:35", "end": "00:15:40", "text": "of comparison. Charles doesn't have the"}, {"start": "00:15:38", "end": "00:15:42", "text": "same fund allocation constraints that"}, {"start": "00:15:40", "end": "00:15:44", "text": "held Cardano back. He can move capital,"}, {"start": "00:15:42", "end": "00:15:46", "text": "lock in major partnerships, and"}, {"start": "00:15:44", "end": "00:15:49", "text": "commercialize Midnight at full speed"}, {"start": "00:15:46", "end": "00:15:50", "text": "without the Treasury friction. Go watch"}, {"start": "00:15:49", "end": "00:15:52", "text": "what some of the stuff Charles is"}, {"start": "00:15:50", "end": "00:15:54", "text": "posting right now in terms of Midnight."}, {"start": "00:15:52", "end": "00:15:56", "text": "This is almost like precisely what you"}, {"start": "00:15:54", "end": "00:15:59", "text": "see actually happening and there there"}, {"start": "00:15:56", "end": "00:16:01", "text": "is a freedom about him as he's pursuing"}, {"start": "00:15:59", "end": "00:16:04", "text": "his midnight"}, {"start": "00:16:01", "end": "00:16:05", "text": "uh goals with Google Cloud Moneygram and"}, {"start": "00:16:04", "end": "00:16:07", "text": "real institutional nodes already in"}, {"start": "00:16:05", "end": "00:16:09", "text": "place. This has the setup to become the"}, {"start": "00:16:07", "end": "00:16:12", "text": "dominant privacy chain. This is becoming"}, {"start": "00:16:09", "end": "00:16:15", "text": "everybody like such an insane play for"}, {"start": "00:16:12", "end": "00:16:17", "text": "the cycle. It's so funny that it's so"}, {"start": "00:16:15", "end": "00:16:19", "text": "closely tied that this play that has"}, {"start": "00:16:17", "end": "00:16:21", "text": "stood out to me is so closely tied to"}, {"start": "00:16:19", "end": "00:16:24", "text": "Cardano and the and Cardano ecosystem."}, {"start": "00:16:21", "end": "00:16:26", "text": "It is what it is. For me, it's it's like"}, {"start": "00:16:24", "end": "00:16:28", "text": "as an as a macro value investor for the"}, {"start": "00:16:26", "end": "00:16:30", "text": "cycles, I will gravitate towards what I"}, {"start": "00:16:28", "end": "00:16:32", "text": "think will be incredible plays. That's"}, {"start": "00:16:30", "end": "00:16:34", "text": "why I've been on SUI. That's why I've"}, {"start": "00:16:32", "end": "00:16:36", "text": "been on dog, which is on Bitcoin, and"}, {"start": "00:16:34", "end": "00:16:39", "text": "Midnight. These are my top three plays,"}, {"start": "00:16:36", "end": "00:16:40", "text": "everybody. So, with that being said,"}, {"start": "00:16:39", "end": "00:16:42", "text": "let's look at midnight charts."}, {"start": "00:16:40", "end": "00:16:44", "text": "Consolidation in play. I want to just"}, {"start": "00:16:42", "end": "00:16:46", "text": "draw your attention. And if crypto has"}, {"start": "00:16:44", "end": "00:16:49", "text": "further consolidation, this move down"}, {"start": "00:16:46", "end": "00:16:51", "text": "back to like the 20week moving average,"}, {"start": "00:16:49", "end": "00:16:53", "text": "even below 3 cents, it is just there."}, {"start": "00:16:51", "end": "00:16:57", "text": "It's in play. I'm sorry. I know we were"}, {"start": "00:16:53", "end": "00:16:59", "text": "above 5 cents. That's a massive dip. But"}, {"start": "00:16:57", "end": "00:17:01", "text": "as we pivot and exit out of bare mode"}, {"start": "00:16:59", "end": "00:17:03", "text": "for the entire crypto space, this new"}, {"start": "00:17:01", "end": "00:17:05", "text": "chart will probably have to undergo that"}, {"start": "00:17:03", "end": "00:17:07", "text": "volatility, especially with how low of a"}, {"start": "00:17:05", "end": "00:17:10", "text": "market cap it has. Point out to you, the"}, {"start": "00:17:07", "end": "00:17:12", "text": "RSI never even got into overbought on"}, {"start": "00:17:10", "end": "00:17:13", "text": "the weekly. So any posts that you see"}, {"start": "00:17:12", "end": "00:17:16", "text": "out there that are just like that was"}, {"start": "00:17:13", "end": "00:17:18", "text": "it. Midnight can't go much further."}, {"start": "00:17:16", "end": "00:17:20", "text": "That's just crazy because Midnight's not"}, {"start": "00:17:18", "end": "00:17:23", "text": "even tested its its own previous highs"}, {"start": "00:17:20", "end": "00:17:25", "text": "in December, right? Let alone captured"}, {"start": "00:17:23", "end": "00:17:28", "text": "any market share in the privacy sector,"}, {"start": "00:17:25", "end": "00:17:30", "text": "let alone captured any market share in"}, {"start": "00:17:28", "end": "00:17:31", "text": "the cryptocurrency sector. It's under a"}, {"start": "00:17:30", "end": "00:17:34", "text": "billion dollar market cap right now. The"}, {"start": "00:17:31", "end": "00:17:38", "text": "upside for this token is crazy. The"}, {"start": "00:17:34", "end": "00:17:41", "text": "weekly RSI visualizes, man, we've not"}, {"start": "00:17:38", "end": "00:17:43", "text": "even got into overbought for midnight."}, {"start": "00:17:41", "end": "00:17:46", "text": "And remember on the on the Ethereum"}, {"start": "00:17:43", "end": "00:17:47", "text": "chart looking at last cycle, it got into"}, {"start": "00:17:46", "end": "00:17:50", "text": "overbought, well into overbought in"}, {"start": "00:17:47", "end": "00:17:52", "text": "August 2020. But even then, the move"}, {"start": "00:17:50", "end": "00:17:55", "text": "hasn't even happened. So that is to say,"}, {"start": "00:17:52", "end": "00:17:57", "text": "Midnight could very well consolidate, go"}, {"start": "00:17:55", "end": "00:17:59", "text": "into overbought again while going"}, {"start": "00:17:57", "end": "00:18:01", "text": "higher. Maybe it's hitting 30 cents,"}, {"start": "00:17:59", "end": "00:18:03", "text": "right? I don't know. And then it falls"}, {"start": "00:18:01", "end": "00:18:05", "text": "and still the bull move has not even"}, {"start": "00:18:03", "end": "00:18:07", "text": "happened. That's where we are right now"}, {"start": "00:18:05", "end": "00:18:09", "text": "in the cycle, everybody. There is so"}, {"start": "00:18:07", "end": "00:18:12", "text": "much time and upside for this crypto"}, {"start": "00:18:09", "end": "00:18:14", "text": "cycle. It's insane. Going over tonight"}, {"start": "00:18:12", "end": "00:18:16", "text": "on the daily, here's what it looks like."}, {"start": "00:18:14", "end": "00:18:18", "text": "The volatility in play. We've fallen"}, {"start": "00:18:16", "end": "00:18:19", "text": "below the 20-day moving average. So, on"}, {"start": "00:18:18", "end": "00:18:21", "text": "the very short term, it's just like kind"}, {"start": "00:18:19", "end": "00:18:23", "text": "of an ugly move, right? This is this is"}, {"start": "00:18:21", "end": "00:18:26", "text": "a confirmation of short-term bears in"}, {"start": "00:18:23", "end": "00:18:28", "text": "control. And so you see the 50-day"}, {"start": "00:18:26", "end": "00:18:31", "text": "making its way above the the red line,"}, {"start": "00:18:28", "end": "00:18:33", "text": "the 200 day down here confluent with"}, {"start": "00:18:31", "end": "00:18:35", "text": "this trend line. This is such a it's"}, {"start": "00:18:33", "end": "00:18:37", "text": "such a healthy pullback area. Maybe it"}, {"start": "00:18:35", "end": "00:18:38", "text": "doesn't get there, but if we just pull"}, {"start": "00:18:37", "end": "00:18:40", "text": "into this area, pull into these moving"}, {"start": "00:18:38", "end": "00:18:43", "text": "averages in the rest of October, early"}, {"start": "00:18:40", "end": "00:18:45", "text": "November, I don't know. That is normal,"}, {"start": "00:18:43", "end": "00:18:47", "text": "right? And so we have to consider the"}, {"start": "00:18:45", "end": "00:18:50", "text": "possibilities for that to happen. And to"}, {"start": "00:18:47", "end": "00:18:53", "text": "be very extreme with you, we have to"}, {"start": "00:18:50", "end": "00:18:54", "text": "consider the possibilities of swing low."}, {"start": "00:18:53", "end": "00:18:56", "text": "And maybe I'm going to take this swing"}, {"start": "00:18:54", "end": "00:18:58", "text": "low, not the not this capitulation swing"}, {"start": "00:18:56", "end": "00:19:01", "text": "low, but this swing low of consolidation"}, {"start": "00:18:58", "end": "00:19:04", "text": "mid August to swing high maybe. And and"}, {"start": "00:19:01", "end": "00:19:06", "text": "by the way, look at that. The 618 almost"}, {"start": "00:19:04", "end": "00:19:08", "text": "exactly confluent with the 50 and the"}, {"start": "00:19:06", "end": "00:19:10", "text": "200 day moving averages and the trend"}, {"start": "00:19:08", "end": "00:19:14", "text": "line. So this area around 3 cents"}, {"start": "00:19:10", "end": "00:19:16", "text": "incredibly meaningful for uh midnight."}, {"start": "00:19:14", "end": "00:19:18", "text": "But even if we capitulate below that,"}, {"start": "00:19:16", "end": "00:19:20", "text": "the higher low range, the 786 is right"}, {"start": "00:19:18", "end": "00:19:23", "text": "down here 2 and a half cents or so. this"}, {"start": "00:19:20", "end": "00:19:25", "text": "entire range. Just be mindful of it. Be"}, {"start": "00:19:23", "end": "00:19:27", "text": "ready for it. If you're a macro bull,"}, {"start": "00:19:25", "end": "00:19:29", "text": "you are probably more prepared mentally"}, {"start": "00:19:27", "end": "00:19:31", "text": "to to kind of withhold with, you know,"}, {"start": "00:19:29", "end": "00:19:34", "text": "endure the volatility of a move like"}, {"start": "00:19:31", "end": "00:19:36", "text": "that. But I will call it normal if it"}, {"start": "00:19:34", "end": "00:19:39", "text": "happens. Let's just say that it does not"}, {"start": "00:19:36", "end": "00:19:41", "text": "change the bull setup for for midnight."}, {"start": "00:19:39", "end": "00:19:43", "text": "I want to go and I want to look at"}, {"start": "00:19:41", "end": "00:19:46", "text": "knight versus ada. Here is something"}, {"start": "00:19:43", "end": "00:19:48", "text": "that I find so interesting and I"}, {"start": "00:19:46", "end": "00:19:50", "text": "actually think is very much in play and"}, {"start": "00:19:48", "end": "00:19:52", "text": "will be very very cool to kind of see"}, {"start": "00:19:50", "end": "00:19:54", "text": "how this structure plays out. This is"}, {"start": "00:19:52", "end": "00:19:56", "text": "knight versus ADA. This is a picture of"}, {"start": "00:19:54", "end": "00:19:57", "text": "what I think is going to happen and why"}, {"start": "00:19:56", "end": "00:20:01", "text": "I've been very bullish in my re"}, {"start": "00:19:57", "end": "00:20:05", "text": "reallocation into midnight. I I set up a"}, {"start": "00:20:01", "end": "00:20:08", "text": "a contest page to track um my my"}, {"start": "00:20:05", "end": "00:20:09", "text": "decision personally so I can see if it"}, {"start": "00:20:08", "end": "00:20:12", "text": "was the right decision. So far it's been"}, {"start": "00:20:09", "end": "00:20:16", "text": "the right decision. But I'm noticing on"}, {"start": "00:20:12", "end": "00:20:19", "text": "this kind of chart, knight versus ada,"}, {"start": "00:20:16", "end": "00:20:20", "text": "it's like what is going to happen next."}, {"start": "00:20:19", "end": "00:20:23", "text": "But look at actually what is very"}, {"start": "00:20:20", "end": "00:20:25", "text": "possible to happen next. I notice this"}, {"start": "00:20:23", "end": "00:20:27", "text": "kind of inverse head and shoulders. I'm"}, {"start": "00:20:25", "end": "00:20:29", "text": "I'm seeing these all over the place"}, {"start": "00:20:27", "end": "00:20:31", "text": "right now. And many of them not even"}, {"start": "00:20:29", "end": "00:20:34", "text": "confirmed yet, right? This is a"}, {"start": "00:20:31", "end": "00:20:35", "text": "speculation, but ADA might get gain some"}, {"start": "00:20:34", "end": "00:20:39", "text": "strength versus Knight in in the days or"}, {"start": "00:20:35", "end": "00:20:41", "text": "weeks ahead. I don't know. If it does, I"}, {"start": "00:20:39", "end": "00:20:44", "text": "will be tracking very closely the"}, {"start": "00:20:41", "end": "00:20:46", "text": "structure of this chart."}, {"start": "00:20:44", "end": "00:20:49", "text": "Either way, I think even if ADA gains"}, {"start": "00:20:46", "end": "00:20:52", "text": "some traction or strength versus knight"}, {"start": "00:20:49", "end": "00:20:55", "text": "and knight versus ADA comes down, I"}, {"start": "00:20:52", "end": "00:20:57", "text": "really do think for the cycle knight is"}, {"start": "00:20:55", "end": "00:20:58", "text": "going to outperform Cardano. I don't"}, {"start": "00:20:57", "end": "00:21:00", "text": "know how it will play out. I don't know"}, {"start": "00:20:58", "end": "00:21:02", "text": "how the structure will play out, but"}, {"start": "00:21:00", "end": "00:21:04", "text": "I've been very clear about this for"}, {"start": "00:21:02", "end": "00:21:06", "text": "quite some time now. And it doesn't make"}, {"start": "00:21:04", "end": "00:21:10", "text": "me like"}, {"start": "00:21:06", "end": "00:21:12", "text": "bearish on Cardano. It's just for me for"}, {"start": "00:21:10", "end": "00:21:15", "text": "this cycle after just such a crazy bare"}, {"start": "00:21:12", "end": "00:21:18", "text": "cycle. Crypto space has changed so much."}, {"start": "00:21:15", "end": "00:21:21", "text": "Midnight came out of nowhere. Um Cardano"}, {"start": "00:21:18", "end": "00:21:24", "text": "is bullish. But in terms of asymmetric"}, {"start": "00:21:21", "end": "00:21:27", "text": "upside, Knight is the play for me,"}, {"start": "00:21:24", "end": "00:21:29", "text": "right? So that's why you hear me say"}, {"start": "00:21:27", "end": "00:21:32", "text": "Knight, Sweet, and Dog are my top"}, {"start": "00:21:29", "end": "00:21:34", "text": "altcoins. It's like what happened to"}, {"start": "00:21:32", "end": "00:21:38", "text": "Cardano? And it's kind of like I don't"}, {"start": "00:21:34", "end": "00:21:42", "text": "know I mean what happens in life five to"}, {"start": "00:21:38", "end": "00:21:45", "text": "six years of life things change setups"}, {"start": "00:21:42", "end": "00:21:49", "text": "change situations change you have to be"}, {"start": "00:21:45", "end": "00:21:50", "text": "willing to to pivot with opportunity"}, {"start": "00:21:49", "end": "00:21:53", "text": "especially when all of crypto is down"}, {"start": "00:21:50", "end": "00:21:56", "text": "like 80% and it there's it makes no"}, {"start": "00:21:53", "end": "00:21:58", "text": "difference right it is such a good"}, {"start": "00:21:56", "end": "00:22:00", "text": "opportunity in the bare market pretty"}, {"start": "00:21:58", "end": "00:22:03", "text": "recently even at the lows in June to"}, {"start": "00:22:00", "end": "00:22:05", "text": "pivot you know tax loss, tax loss,"}, {"start": "00:22:03", "end": "00:22:08", "text": "harvesting, all of those things to"}, {"start": "00:22:05", "end": "00:22:10", "text": "reallocate if you see other setups that"}, {"start": "00:22:08", "end": "00:22:12", "text": "look better, right? It doesn't mean"}, {"start": "00:22:10", "end": "00:22:14", "text": "Cardano is bearish. It just means for"}, {"start": "00:22:12", "end": "00:22:15", "text": "something like Knight, which is kind of"}, {"start": "00:22:14", "end": "00:22:18", "text": "very closely tied to Cardano. That's why"}, {"start": "00:22:15", "end": "00:22:20", "text": "I call it kind of one of my clo cardo"}, {"start": "00:22:18", "end": "00:22:22", "text": "plays or close Cardano plays, Knight has"}, {"start": "00:22:20", "end": "00:22:24", "text": "more upside in my opinion. And I think"}, {"start": "00:22:22", "end": "00:22:25", "text": "that's what we'll see play out. It's not"}, {"start": "00:22:24", "end": "00:22:27", "text": "a guarantee. I could be completely wrong"}, {"start": "00:22:25", "end": "00:22:30", "text": "and it would have been a way better idea"}, {"start": "00:22:27", "end": "00:22:31", "text": "to just be heavily allocated to Cardano."}, {"start": "00:22:30", "end": "00:22:34", "text": "But either way, this is where we are in"}, {"start": "00:22:31", "end": "00:22:37", "text": "the cycle. And I wanted to share all of"}, {"start": "00:22:34", "end": "00:22:39", "text": "these charts with you because at the end"}, {"start": "00:22:37", "end": "00:22:40", "text": "of the day, this is very much I know"}, {"start": "00:22:39", "end": "00:22:43", "text": "we're talking short-term price. It's a"}, {"start": "00:22:40", "end": "00:22:45", "text": "macro view on the cycles. I am so"}, {"start": "00:22:43", "end": "00:22:49", "text": "bullish on crypto right now, everybody."}, {"start": "00:22:45", "end": "00:22:51", "text": "It's it's I try so hard to because I"}, {"start": "00:22:49", "end": "00:22:53", "text": "know I've been just so bullish across"}, {"start": "00:22:51", "end": "00:22:55", "text": "five years of just really it's been"}, {"start": "00:22:53", "end": "00:22:58", "text": "tough. It has been draining on"}, {"start": "00:22:55", "end": "00:23:00", "text": "everybody. crypto startups, projects,"}, {"start": "00:22:58", "end": "00:23:03", "text": "content creators, everybody, including"}, {"start": "00:23:00", "end": "00:23:05", "text": "myself, you, it has been so tough. And I"}, {"start": "00:23:03", "end": "00:23:08", "text": "understand that I've had such a bullish"}, {"start": "00:23:05", "end": "00:23:10", "text": "sentiment during all of this. And I'm"}, {"start": "00:23:08", "end": "00:23:12", "text": "just saying I don't regret that at all"}, {"start": "00:23:10", "end": "00:23:15", "text": "for me and the way that my mind"}, {"start": "00:23:12", "end": "00:23:17", "text": "operates. If I think crypto is here and"}, {"start": "00:23:15", "end": "00:23:19", "text": "it's not going anywhere, I just have to"}, {"start": "00:23:17", "end": "00:23:22", "text": "persevere and endure in order for me to"}, {"start": "00:23:19", "end": "00:23:25", "text": "have the right risk tolerance, but as"}, {"start": "00:23:22", "end": "00:23:27", "text": "well as accumulation, skin in the game"}, {"start": "00:23:25", "end": "00:23:29", "text": "approach to crypto if I think there's"}, {"start": "00:23:27", "end": "00:23:31", "text": "going to be a bull market. I don't want"}, {"start": "00:23:29", "end": "00:23:32", "text": "to miss out on it. And so that's why"}, {"start": "00:23:31", "end": "00:23:34", "text": "I've been so locked in. I've been so"}, {"start": "00:23:32", "end": "00:23:37", "text": "bullish on the crypto space. Otherwise,"}, {"start": "00:23:34", "end": "00:23:40", "text": "what am I going to be? Bearish, right?"}, {"start": "00:23:37", "end": "00:23:41", "text": "All during all this and be sidelined. I"}, {"start": "00:23:40", "end": "00:23:44", "text": "just didn't that's not my that's not my"}, {"start": "00:23:41", "end": "00:23:46", "text": "approach to these cycles at all. So"}, {"start": "00:23:44", "end": "00:23:50", "text": "these are my thoughts today everybody."}, {"start": "00:23:46", "end": "00:23:54", "text": "Cardano midnight setups look insane."}, {"start": "00:23:50", "end": "00:23:56", "text": "Ethereum altcoins Bitcoin looks insane."}, {"start": "00:23:54", "end": "00:23:58", "text": "I know I've used that word insane, but"}, {"start": "00:23:56", "end": "00:24:01", "text": "it's just one of the best adjectives to"}, {"start": "00:23:58", "end": "00:24:02", "text": "describe the cycle. So I appreciate each"}, {"start": "00:24:01", "end": "00:24:04", "text": "and every one of you watching. If you're"}, {"start": "00:24:02", "end": "00:24:06", "text": "not a subscriber, please subscribe. Hit"}, {"start": "00:24:04", "end": "00:24:08", "text": "the like if you enjoyed the video as we"}, {"start": "00:24:06", "end": "00:24:10", "text": "get ready because I know there's I know"}, {"start": "00:24:08", "end": "00:24:12", "text": "there's macro investors out there like"}, {"start": "00:24:10", "end": "00:24:14", "text": "you that kind of are picking up what I'm"}, {"start": "00:24:12", "end": "00:24:15", "text": "putting down. I know you're out there"}, {"start": "00:24:14", "end": "00:24:17", "text": "and I just want to say I really"}, {"start": "00:24:15", "end": "00:24:18", "text": "appreciate each and every one of you"}, {"start": "00:24:17", "end": "00:24:20", "text": "being on the journey with me. You you've"}, {"start": "00:24:18", "end": "00:24:22", "text": "been zooming out with me. You don't get"}, {"start": "00:24:20", "end": "00:24:23", "text": "wrapped up in the noise and negativity"}, {"start": "00:24:22", "end": "00:24:25", "text": "that are in the comments below and I"}, {"start": "00:24:23", "end": "00:24:27", "text": "really appreciate that. I really do. and"}, {"start": "00:24:25", "end": "00:24:28", "text": "thanks for tracking the data with me"}, {"start": "00:24:27", "end": "00:24:30", "text": "because that's what I I really feel like"}, {"start": "00:24:28", "end": "00:24:31", "text": "that's what you're doing is you're"}, {"start": "00:24:30", "end": "00:24:34", "text": "tracking this data with me and I'm kind"}, {"start": "00:24:31", "end": "00:24:36", "text": "of not alone in that uh in that crypto"}, {"start": "00:24:34", "end": "00:24:38", "text": "journey. So I will see you all in the"}, {"start": "00:24:36", "end": "00:24:41", "text": "next video. Have a good day and weekend."}, {"start": "00:24:38", "end": "00:24:41", "text": "God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Just look at the bottoming out structure"}, {"start": "00:00:02", "end": "00:00:06", "text": "on Bitcoin right now. This is a daily"}, {"start": "00:00:04", "end": "00:00:09", "text": "chart zoomed out. So you can go back to"}, {"start": "00:00:06", "end": "00:00:11", "text": "2020. You kind of just see this higher"}, {"start": "00:00:09", "end": "00:00:13", "text": "high, higher low formation. Almost looks"}, {"start": "00:00:11", "end": "00:00:14", "text": "like an inverse head and shoulders. We"}, {"start": "00:00:13", "end": "00:00:17", "text": "have the same thing at this bottom that"}, {"start": "00:00:14", "end": "00:00:20", "text": "we had back here in 2022. Just this kind"}, {"start": "00:00:17", "end": "00:00:22", "text": "of neckline looking thing as Bitcoin"}, {"start": "00:00:20", "end": "00:00:24", "text": "kind of exit those lows. And then we"}, {"start": "00:00:22", "end": "00:00:27", "text": "have right now very similar setup. But"}, {"start": "00:00:24", "end": "00:00:30", "text": "what becomes very intriguing is when you"}, {"start": "00:00:27", "end": "00:00:32", "text": "actually look at even a fractal from the"}, {"start": "00:00:30", "end": "00:00:34", "text": "2022 lows. So this is a daily chart. So"}, {"start": "00:00:32", "end": "00:00:36", "text": "here's the beginning of January right"}, {"start": "00:00:34", "end": "00:00:38", "text": "here. If you take this fractal right"}, {"start": "00:00:36", "end": "00:00:40", "text": "there and you kind of just bring it over"}, {"start": "00:00:38", "end": "00:00:42", "text": "and we plot it where Bitcoin is right"}, {"start": "00:00:40", "end": "00:00:44", "text": "now of this little pump that we've"}, {"start": "00:00:42", "end": "00:00:46", "text": "recently had. Look at the similarities"}, {"start": "00:00:44", "end": "00:00:48", "text": "in terms of what Bitcoin is potentially"}, {"start": "00:00:46", "end": "00:00:50", "text": "doing right now. What is setting up to"}, {"start": "00:00:48", "end": "00:00:53", "text": "potentially happen and that is a dip to"}, {"start": "00:00:50", "end": "00:00:57", "text": "the 200 day moving average. But there's"}, {"start": "00:00:53", "end": "00:00:59", "text": "there's no piece of analysis that says,"}, {"start": "00:00:57", "end": "00:01:01", "text": "\"Hey, because it happened or it's so far"}, {"start": "00:00:59", "end": "00:01:03", "text": "happening so similar, it's going to"}, {"start": "00:01:01", "end": "00:01:04", "text": "happen again.\" But I think these are"}, {"start": "00:01:03", "end": "00:01:06", "text": "really technical areas that we should be"}, {"start": "00:01:04", "end": "00:01:09", "text": "paying attention to anyway. But just"}, {"start": "00:01:06", "end": "00:01:11", "text": "look at this. We get this pop out of the"}, {"start": "00:01:09", "end": "00:01:13", "text": "downside, little bit of consolidation, a"}, {"start": "00:01:11", "end": "00:01:16", "text": "higher high, and then boom, right back"}, {"start": "00:01:13", "end": "00:01:19", "text": "down to the 200 day moving average. We"}, {"start": "00:01:16", "end": "00:01:21", "text": "get this pop from the downside, right?"}, {"start": "00:01:19", "end": "00:01:24", "text": "little consolidation, a higher high, and"}, {"start": "00:01:21", "end": "00:01:26", "text": "then potentially right now, we are still"}, {"start": "00:01:24", "end": "00:01:28", "text": "setting up for this move to the lower"}, {"start": "00:01:26", "end": "00:01:31", "text": "70s. That is so in play. But if you go"}, {"start": "00:01:28", "end": "00:01:33", "text": "back and you look at what happened next,"}, {"start": "00:01:31", "end": "00:01:35", "text": "that was it, everybody. Now, what makes"}, {"start": "00:01:33", "end": "00:01:36", "text": "this so intriguing, and we're going to"}, {"start": "00:01:35", "end": "00:01:37", "text": "come back to this daily chart to really"}, {"start": "00:01:36", "end": "00:01:40", "text": "speculate in the short-term price"}, {"start": "00:01:37", "end": "00:01:42", "text": "action, but what makes it so intriguing"}, {"start": "00:01:40", "end": "00:01:44", "text": "is we're not even here. Like, Bitcoin"}, {"start": "00:01:42", "end": "00:01:46", "text": "made a bullish move out of these lows."}, {"start": "00:01:44", "end": "00:01:48", "text": "It went to all-time highs. You know, if"}, {"start": "00:01:46", "end": "00:01:50", "text": "you watch my analysis, I don't even"}, {"start": "00:01:48", "end": "00:01:51", "text": "think that was the bull market. We were"}, {"start": "00:01:50", "end": "00:01:53", "text": "in the middle or I should say at the"}, {"start": "00:01:51", "end": "00:01:56", "text": "beginning of quantitative tightening."}, {"start": "00:01:53", "end": "00:01:59", "text": "Here's all of QT when this entire move"}, {"start": "00:01:56", "end": "00:02:01", "text": "happened. And right now, we are post QT"}, {"start": "00:01:59", "end": "00:02:03", "text": "after the normalization phase and"}, {"start": "00:02:01", "end": "00:02:05", "text": "getting ready to go into a new phase"}, {"start": "00:02:03", "end": "00:02:07", "text": "that is more similar to back here in"}, {"start": "00:02:05", "end": "00:02:09", "text": "2020. That's where things become very"}, {"start": "00:02:07", "end": "00:02:11", "text": "intriguing. So we have technical"}, {"start": "00:02:09", "end": "00:02:14", "text": "similarities setting up that we see"}, {"start": "00:02:11", "end": "00:02:15", "text": "really in bottom formations for Bitcoin"}, {"start": "00:02:14", "end": "00:02:18", "text": "and how this translates across the whole"}, {"start": "00:02:15", "end": "00:02:20", "text": "crypto market cap is you know"}, {"start": "00:02:18", "end": "00:02:22", "text": "interesting from total crypto market cap"}, {"start": "00:02:20", "end": "00:02:24", "text": "to altcoin market cap and that's what I"}, {"start": "00:02:22", "end": "00:02:25", "text": "want to look at in this video. Before I"}, {"start": "00:02:24", "end": "00:02:27", "text": "do I want to point something to your"}, {"start": "00:02:25", "end": "00:02:29", "text": "attention. I saw this post on X from Joe"}, {"start": "00:02:27", "end": "00:02:31", "text": "Consorti probably I don't know if I'm"}, {"start": "00:02:29", "end": "00:02:33", "text": "pronouncing that right but Bitcoin is"}, {"start": "00:02:31", "end": "00:02:34", "text": "crashing. Everyone thinks this is the"}, {"start": "00:02:33", "end": "00:02:36", "text": "start of something worse. He made some"}, {"start": "00:02:34", "end": "00:02:38", "text": "good points because here's what's going"}, {"start": "00:02:36", "end": "00:02:40", "text": "on. It doesn't look great. Hot"}, {"start": "00:02:38", "end": "00:02:41", "text": "inflation, a Fed still hiking, tech"}, {"start": "00:02:40", "end": "00:02:45", "text": "stocks getting crushed, a dollar"}, {"start": "00:02:41", "end": "00:02:48", "text": "ripping. That was the fall of 2022 as"}, {"start": "00:02:45", "end": "00:02:49", "text": "well. Bitcoin bottom, that exact setup,"}, {"start": "00:02:48", "end": "00:02:52", "text": "then more than doubled in a year. So why"}, {"start": "00:02:49", "end": "00:02:55", "text": "is fall 2022 important in terms of all"}, {"start": "00:02:52", "end": "00:02:57", "text": "of those pressures because again, if we"}, {"start": "00:02:55", "end": "00:03:00", "text": "go back to the Bitcoin chart, here's"}, {"start": "00:02:57", "end": "00:03:03", "text": "fall of 2022. It's all back here and"}, {"start": "00:03:00", "end": "00:03:04", "text": "this was leading into the move and the"}, {"start": "00:03:03", "end": "00:03:08", "text": "similar move that we are in right now,"}, {"start": "00:03:04", "end": "00:03:10", "text": "the similar fractal. So now we have the"}, {"start": "00:03:08", "end": "00:03:12", "text": "the shorter term maybe midterm pressures"}, {"start": "00:03:10", "end": "00:03:14", "text": "that we're looking at in terms of what"}, {"start": "00:03:12", "end": "00:03:17", "text": "Joe is talking about here. Inflation Fed"}, {"start": "00:03:14", "end": "00:03:19", "text": "still hiking. We have that happening and"}, {"start": "00:03:17", "end": "00:03:21", "text": "proving on a Bitcoin chart that that"}, {"start": "00:03:19", "end": "00:03:23", "text": "doesn't mean it's game over. I mean"}, {"start": "00:03:21", "end": "00:03:26", "text": "actually Bitcoin and crypto can thrive"}, {"start": "00:03:23", "end": "00:03:28", "text": "out of those environments. But then we"}, {"start": "00:03:26", "end": "00:03:29", "text": "have the thing that I've been talking a"}, {"start": "00:03:28", "end": "00:03:31", "text": "lot about, right? And we can go to the"}, {"start": "00:03:29", "end": "00:03:33", "text": "total crypto market cap chart to start"}, {"start": "00:03:31", "end": "00:03:34", "text": "really bringing this together. And again"}, {"start": "00:03:33", "end": "00:03:36", "text": "on the total crypto market cap chart,"}, {"start": "00:03:34", "end": "00:03:39", "text": "the similarities here on the weekly as"}, {"start": "00:03:36", "end": "00:03:41", "text": "well. We looked at Bitcoin in uh 2023,"}, {"start": "00:03:39", "end": "00:03:44", "text": "the beginning in January coming out of"}, {"start": "00:03:41", "end": "00:03:46", "text": "this low. Same thing for total crypto"}, {"start": "00:03:44", "end": "00:03:48", "text": "market cap chart obviously. So we're"}, {"start": "00:03:46", "end": "00:03:51", "text": "getting a very sim similar escape from"}, {"start": "00:03:48", "end": "00:03:53", "text": "lows, but visualize now on this chart."}, {"start": "00:03:51", "end": "00:03:55", "text": "Here's what we have happening. And that"}, {"start": "00:03:53", "end": "00:03:58", "text": "is this this time around a productivity"}, {"start": "00:03:55", "end": "00:04:00", "text": "boom that we weren't even thinking about"}, {"start": "00:03:58", "end": "00:04:03", "text": "or talking about back here. An AI"}, {"start": "00:04:00", "end": "00:04:05", "text": "productivity boom. It just was not in"}, {"start": "00:04:03", "end": "00:04:07", "text": "store. Like it wasn't anticipated."}, {"start": "00:04:05", "end": "00:04:10", "text": "Nobody was talking about something like"}, {"start": "00:04:07", "end": "00:04:13", "text": "that then. A 90s style boom for for"}, {"start": "00:04:10", "end": "00:04:14", "text": "economic activity and growth. It was not"}, {"start": "00:04:13", "end": "00:04:17", "text": "in play right here. And you see the move"}, {"start": "00:04:14", "end": "00:04:20", "text": "that happened. Well, now it is in play."}, {"start": "00:04:17", "end": "00:04:22", "text": "And we're also not at the beginning of"}, {"start": "00:04:20", "end": "00:04:25", "text": "quantitative tightening, multi-year"}, {"start": "00:04:22", "end": "00:04:27", "text": "quantitative tightening, right? And so"}, {"start": "00:04:25", "end": "00:04:29", "text": "we have an expansion on the horizon that"}, {"start": "00:04:27", "end": "00:04:31", "text": "is potentially in play driven by AI"}, {"start": "00:04:29", "end": "00:04:34", "text": "productivity. And yes, we can have an AI"}, {"start": "00:04:31", "end": "00:04:37", "text": "productivity boom. We can have an"}, {"start": "00:04:34", "end": "00:04:40", "text": "economic expansion era, not exactly like"}, {"start": "00:04:37", "end": "00:04:42", "text": "the '90s, but similar. And it can be"}, {"start": "00:04:40", "end": "00:04:46", "text": "within this environment of shorter term"}, {"start": "00:04:42", "end": "00:04:48", "text": "pressures like inflation running hotter"}, {"start": "00:04:46", "end": "00:04:51", "text": "than"}, {"start": "00:04:48", "end": "00:04:53", "text": "what most would like. Fed hiking or"}, {"start": "00:04:51", "end": "00:04:55", "text": "threats of hiking. So, we're at a very"}, {"start": "00:04:53", "end": "00:04:58", "text": "interesting time. But one thing that I"}, {"start": "00:04:55", "end": "00:05:00", "text": "do know is when we think about the"}, {"start": "00:04:58", "end": "00:05:03", "text": "business cycles, right, and we think"}, {"start": "00:05:00", "end": "00:05:05", "text": "about bull markets for crypto, they have"}, {"start": "00:05:03", "end": "00:05:08", "text": "historically just simply happened when"}, {"start": "00:05:05", "end": "00:05:09", "text": "we're in expansion. That's not something"}, {"start": "00:05:08", "end": "00:05:12", "text": "in my opinion that's going to change."}, {"start": "00:05:09", "end": "00:05:14", "text": "And if we get expansion, now we have the"}, {"start": "00:05:12", "end": "00:05:17", "text": "technical lineup of Bitcoin and"}, {"start": "00:05:14", "end": "00:05:19", "text": "cryptobottoming going into expansion."}, {"start": "00:05:17", "end": "00:05:21", "text": "Technical similarities and macroeconomic"}, {"start": "00:05:19", "end": "00:05:23", "text": "similarities we haven't seen since 2020."}, {"start": "00:05:21", "end": "00:05:24", "text": "So, the fractal, and we're going to come"}, {"start": "00:05:23", "end": "00:05:26", "text": "to the short-term price action in a"}, {"start": "00:05:24", "end": "00:05:28", "text": "moment, is so interesting, especially"}, {"start": "00:05:26", "end": "00:05:30", "text": "when we think about it in terms of"}, {"start": "00:05:28", "end": "00:05:34", "text": "altcoins. Now, I'm incredible,"}, {"start": "00:05:30", "end": "00:05:36", "text": "incredibly large altcoin bull. Meaning,"}, {"start": "00:05:34", "end": "00:05:38", "text": "at this part of the cycle, and I've just"}, {"start": "00:05:36", "end": "00:05:40", "text": "been saying this for a while, I mean, if"}, {"start": "00:05:38", "end": "00:05:42", "text": "you watch my content, like I've I've"}, {"start": "00:05:40", "end": "00:05:43", "text": "really just been bullish on all coins"}, {"start": "00:05:42", "end": "00:05:47", "text": "for years through all the mess, through"}, {"start": "00:05:43", "end": "00:05:50", "text": "all the bear. And it's just because of"}, {"start": "00:05:47", "end": "00:05:53", "text": "this thought and this thesis that I have"}, {"start": "00:05:50", "end": "00:05:55", "text": "that not only are altcoins not going"}, {"start": "00:05:53", "end": "00:05:59", "text": "anywhere, but they're becoming more"}, {"start": "00:05:55", "end": "00:06:01", "text": "dominant just especially in terms of"}, {"start": "00:05:59", "end": "00:06:04", "text": "mind share. And this thesis in my"}, {"start": "00:06:01", "end": "00:06:06", "text": "opinion is is proving to be true. Right"}, {"start": "00:06:04", "end": "00:06:08", "text": "now the exact opposite has happened for"}, {"start": "00:06:06", "end": "00:06:10", "text": "altcoins that so many Bitcoin"}, {"start": "00:06:08", "end": "00:06:13", "text": "maximalists have said over the years and"}, {"start": "00:06:10", "end": "00:06:14", "text": "that is it's Bitcoin only. All coins are"}, {"start": "00:06:13", "end": "00:06:16", "text": "slowly going to fade away. the complete"}, {"start": "00:06:14", "end": "00:06:20", "text": "opposite has happened. That is to say,"}, {"start": "00:06:16", "end": "00:06:23", "text": "institutions have taken taken great"}, {"start": "00:06:20", "end": "00:06:24", "text": "notice, even maybe greater notice than"}, {"start": "00:06:23", "end": "00:06:26", "text": "Bitcoin. We are seeing the"}, {"start": "00:06:24", "end": "00:06:28", "text": "institutionalization of crypto and"}, {"start": "00:06:26", "end": "00:06:30", "text": "altcoins are the biggest piece of the"}, {"start": "00:06:28", "end": "00:06:33", "text": "story. The tokenization"}, {"start": "00:06:30", "end": "00:06:36", "text": "uh that is happening right now has"}, {"start": "00:06:33", "end": "00:06:40", "text": "everything to do with"}, {"start": "00:06:36", "end": "00:06:43", "text": "uh RWA and literally just altcoins. So,"}, {"start": "00:06:40", "end": "00:06:45", "text": "we're in this era where if you were"}, {"start": "00:06:43", "end": "00:06:47", "text": "accumulating altcoins through five-year"}, {"start": "00:06:45", "end": "00:06:50", "text": "bare market and just just the mess, you"}, {"start": "00:06:47", "end": "00:06:52", "text": "all know the mess. I don't think it's"}, {"start": "00:06:50", "end": "00:06:54", "text": "going to end up being a bad thing. I"}, {"start": "00:06:52", "end": "00:06:56", "text": "think it will end up being a great"}, {"start": "00:06:54", "end": "00:06:58", "text": "thing. And so, on the altcoin market cap"}, {"start": "00:06:56", "end": "00:06:59", "text": "chart, that becomes exciting too because"}, {"start": "00:06:58", "end": "00:07:02", "text": "we have the narrative. We have the"}, {"start": "00:06:59", "end": "00:07:04", "text": "adoption of altcoins and again is at the"}, {"start": "00:07:02", "end": "00:07:06", "text": "confluence of exiting all of this"}, {"start": "00:07:04", "end": "00:07:09", "text": "tightening and it's at the the"}, {"start": "00:07:06", "end": "00:07:11", "text": "confluence of a business cycle expansion"}, {"start": "00:07:09", "end": "00:07:13", "text": "that we see here after years of"}, {"start": "00:07:11", "end": "00:07:15", "text": "contraction and we have Bitcoin on the"}, {"start": "00:07:13", "end": "00:07:17", "text": "shorter term setting up this price"}, {"start": "00:07:15", "end": "00:07:19", "text": "action that is so similar to previous"}, {"start": "00:07:17", "end": "00:07:21", "text": "bottoms. I mean, this is just these are"}, {"start": "00:07:19", "end": "00:07:25", "text": "awesome ingredients. And so, with that"}, {"start": "00:07:21", "end": "00:07:27", "text": "being said, with short-term can come"}, {"start": "00:07:25", "end": "00:07:30", "text": "insane noise and really frustration"}, {"start": "00:07:27", "end": "00:07:31", "text": "because we're talking bullish. I'm"}, {"start": "00:07:30", "end": "00:07:34", "text": "talking bullish. I mean, I have been for"}, {"start": "00:07:31", "end": "00:07:36", "text": "years. And right now, we could be"}, {"start": "00:07:34", "end": "00:07:39", "text": "setting up for Bitcoin to fall. Here's a"}, {"start": "00:07:36", "end": "00:07:42", "text": "fractal from 2022. Just look at that."}, {"start": "00:07:39", "end": "00:07:44", "text": "That's crazy the similarities of this"}, {"start": "00:07:42", "end": "00:07:46", "text": "fractal. So, we've been saying for quite"}, {"start": "00:07:44", "end": "00:07:48", "text": "some time, Bitcoin to the lower 70s"}, {"start": "00:07:46", "end": "00:07:52", "text": "makes sense. Well, this fractal from"}, {"start": "00:07:48", "end": "00:07:54", "text": "2022 helps make it make it make more"}, {"start": "00:07:52", "end": "00:07:56", "text": "sense. And I'm not saying that it's"}, {"start": "00:07:54", "end": "00:07:57", "text": "going to play out. It might not. If you"}, {"start": "00:07:56", "end": "00:07:59", "text": "actually remove the fractal, you can see"}, {"start": "00:07:57", "end": "00:08:01", "text": "we're kind of just grappling with this"}, {"start": "00:07:59", "end": "00:08:03", "text": "50-day moving average. But it's very"}, {"start": "00:08:01", "end": "00:08:04", "text": "much in play. If we bring the fractal"}, {"start": "00:08:03", "end": "00:08:07", "text": "back for just a moment because look at"}, {"start": "00:08:04", "end": "00:08:09", "text": "this fractal. Actually, if this ended up"}, {"start": "00:08:07", "end": "00:08:10", "text": "playing out, not exact, but similar,"}, {"start": "00:08:09", "end": "00:08:12", "text": "right? And we're actually just"}, {"start": "00:08:10", "end": "00:08:15", "text": "consolidating and then we actually are"}, {"start": "00:08:12", "end": "00:08:17", "text": "making a move towards $100,000. Maybe"}, {"start": "00:08:15", "end": "00:08:19", "text": "it's in more towards November into"}, {"start": "00:08:17", "end": "00:08:21", "text": "December. Do you realize that pattern is"}, {"start": "00:08:19", "end": "00:08:23", "text": "is just an awesome looking inverse head"}, {"start": "00:08:21", "end": "00:08:24", "text": "and shoulders? And do you realize that"}, {"start": "00:08:23", "end": "00:08:27", "text": "if you look at the previous lows for"}, {"start": "00:08:24", "end": "00:08:31", "text": "Bitcoin, the pattern is so identical?"}, {"start": "00:08:27", "end": "00:08:33", "text": "Right? Here's 2022 and here is entering"}, {"start": "00:08:31", "end": "00:08:35", "text": "into the actual last macroeconomic"}, {"start": "00:08:33", "end": "00:08:38", "text": "expansion that we had, the 2020 bull"}, {"start": "00:08:35", "end": "00:08:40", "text": "market. Look at the similarities on the"}, {"start": "00:08:38", "end": "00:08:42", "text": "structure. That's even if crypto is"}, {"start": "00:08:40", "end": "00:08:44", "text": "about to capitulate. Bitcoin to the"}, {"start": "00:08:42", "end": "00:08:47", "text": "lower 70s, altcoins on this chart, maybe"}, {"start": "00:08:44", "end": "00:08:48", "text": "revisiting these moving averages on the"}, {"start": "00:08:47", "end": "00:08:50", "text": "weekly down here, and this is below a"}, {"start": "00:08:48", "end": "00:08:52", "text": "trillion dollar market cap. It's nice to"}, {"start": "00:08:50", "end": "00:08:54", "text": "be above a trillion right now, but maybe"}, {"start": "00:08:52", "end": "00:08:56", "text": "the 50we fails, and we're making our way"}, {"start": "00:08:54", "end": "00:08:59", "text": "to this area of confluence down here at"}, {"start": "00:08:56", "end": "00:09:01", "text": "like $970 billion market cap. There"}, {"start": "00:08:59", "end": "00:09:03", "text": "could be a lot of volatility for all"}, {"start": "00:09:01", "end": "00:09:06", "text": "coins in store, but the setup even for"}, {"start": "00:09:03", "end": "00:09:09", "text": "this is an incredible setup for the"}, {"start": "00:09:06", "end": "00:09:10", "text": "entry into a bull market. So, with that"}, {"start": "00:09:09", "end": "00:09:12", "text": "being said, I wanted to try and bring"}, {"start": "00:09:10", "end": "00:09:13", "text": "some short-term analysis because there's"}, {"start": "00:09:12", "end": "00:09:14", "text": "a lot of volatility right now."}, {"start": "00:09:13", "end": "00:09:16", "text": "Everybody's wondering what's going to"}, {"start": "00:09:14", "end": "00:09:17", "text": "happen next. It's the dip is in play."}, {"start": "00:09:16", "end": "00:09:19", "text": "It's still in play. We've been talking"}, {"start": "00:09:17", "end": "00:09:21", "text": "about it since the end of September. But"}, {"start": "00:09:19", "end": "00:09:23", "text": "with that being said, I want to just"}, {"start": "00:09:21", "end": "00:09:24", "text": "bring a macro view into everything. And"}, {"start": "00:09:23", "end": "00:09:25", "text": "just to remind you everybody in our"}, {"start": "00:09:24", "end": "00:09:27", "text": "intelligent system, and if you're not a"}, {"start": "00:09:25", "end": "00:09:29", "text": "member, please hit the link below, sign"}, {"start": "00:09:27", "end": "00:09:31", "text": "up, 7-day free trial. If you don't like"}, {"start": "00:09:29", "end": "00:09:33", "text": "it, you can cancel. I have a profit"}, {"start": "00:09:31", "end": "00:09:35", "text": "ladder video coming tomorrow. We just"}, {"start": "00:09:33", "end": "00:09:37", "text": "added more features to this. start"}, {"start": "00:09:35", "end": "00:09:39", "text": "planning your profits, visualizing what"}, {"start": "00:09:37", "end": "00:09:42", "text": "it looks like. But go back to Bitcoin"}, {"start": "00:09:39", "end": "00:09:45", "text": "risk model for a moment. 99% of the time"}, {"start": "00:09:42", "end": "00:09:47", "text": "after a year at this risk score of a 26,"}, {"start": "00:09:45", "end": "00:09:50", "text": "Bitcoin price was higher a year later."}, {"start": "00:09:47", "end": "00:09:52", "text": "And this is data going back to 2010,"}, {"start": "00:09:50", "end": "00:09:54", "text": "everybody. You go to our altcoin market"}, {"start": "00:09:52", "end": "00:09:56", "text": "cap risk model is sitting at a 12. It's"}, {"start": "00:09:54", "end": "00:09:58", "text": "impossible for me to be bearish when"}, {"start": "00:09:56", "end": "00:10:02", "text": "this thing is sitting at a 12. We've not"}, {"start": "00:09:58", "end": "00:10:05", "text": "had a bull market since 2020. And this"}, {"start": "00:10:02", "end": "00:10:09", "text": "risk model 100% of the time after one"}, {"start": "00:10:05", "end": "00:10:11", "text": "year price was higher when it sat at a"}, {"start": "00:10:09", "end": "00:10:13", "text": "12. And this is going back to data going"}, {"start": "00:10:11", "end": "00:10:16", "text": "back to 2013. So we have a bunch of our"}, {"start": "00:10:13", "end": "00:10:21", "text": "altcoins back here everybody. Uh we just"}, {"start": "00:10:16", "end": "00:10:23", "text": "added uh TA TAO Bitensor and we have a"}, {"start": "00:10:21", "end": "00:10:26", "text": "ton of models back there. And I really"}, {"start": "00:10:23", "end": "00:10:28", "text": "do encourage you if you're planning for"}, {"start": "00:10:26", "end": "00:10:29", "text": "cycles and you're trying to figure out"}, {"start": "00:10:28", "end": "00:10:31", "text": "when you should sell, when to"}, {"start": "00:10:29", "end": "00:10:34", "text": "accumulate, cuz clearly we're still in"}, {"start": "00:10:31", "end": "00:10:35", "text": "accumulation areas, get back here. Just"}, {"start": "00:10:34", "end": "00:10:37", "text": "dissect the risk models, what it's"}, {"start": "00:10:35", "end": "00:10:39", "text": "saying. Go into our accumulation"}, {"start": "00:10:37", "end": "00:10:41", "text": "planner. Start planning based on your"}, {"start": "00:10:39", "end": "00:10:42", "text": "risk, aggressive, moderate,"}, {"start": "00:10:41", "end": "00:10:44", "text": "conservative, conservative. Start"}, {"start": "00:10:42", "end": "00:10:46", "text": "planning your profit taking, whether"}, {"start": "00:10:44", "end": "00:10:49", "text": "it's in our profit ladder or our exit"}, {"start": "00:10:46", "end": "00:10:51", "text": "planner. We've built all of the tools"}, {"start": "00:10:49", "end": "00:10:54", "text": "based on really what I want and feel"}, {"start": "00:10:51", "end": "00:10:56", "text": "that I need in a bull and bare market"}, {"start": "00:10:54", "end": "00:10:58", "text": "and I'm offering it as a free trial"}, {"start": "00:10:56", "end": "00:10:59", "text": "right now because I want everybody to"}, {"start": "00:10:58", "end": "00:11:01", "text": "experience it. If you don't like it,"}, {"start": "00:10:59", "end": "00:11:03", "text": "just simply cancel. And I hope everybody"}, {"start": "00:11:01", "end": "00:11:04", "text": "can just appreciate. Yeah, you know,"}, {"start": "00:11:03", "end": "00:11:06", "text": "call it shilling. I'm selling my I'm"}, {"start": "00:11:04", "end": "00:11:09", "text": "selling my system that we just have"}, {"start": "00:11:06", "end": "00:11:11", "text": "poured so much into myself, Axel, and"}, {"start": "00:11:09", "end": "00:11:13", "text": "Alessandro. I'm selling it. But at the"}, {"start": "00:11:11", "end": "00:11:16", "text": "same time, I hope you can appreciate I'm"}, {"start": "00:11:13", "end": "00:11:18", "text": "offering a free trial so that you can"}, {"start": "00:11:16", "end": "00:11:20", "text": "just go try it. If you do not like it or"}, {"start": "00:11:18", "end": "00:11:22", "text": "see the value, you can cancel. And you"}, {"start": "00:11:20", "end": "00:11:24", "text": "know, over the years, that is the"}, {"start": "00:11:22", "end": "00:11:25", "text": "approach. You know, the thought of"}, {"start": "00:11:24", "end": "00:11:28", "text": "selling something through my YouTube"}, {"start": "00:11:25", "end": "00:11:31", "text": "channel, it was always tough, the"}, {"start": "00:11:28", "end": "00:11:32", "text": "thought of that. But what convinced me"}, {"start": "00:11:31", "end": "00:11:34", "text": "is the value that is here. I know that"}, {"start": "00:11:32", "end": "00:11:37", "text": "it's valuable because I'm so excited"}, {"start": "00:11:34", "end": "00:11:38", "text": "personally about using this system, but"}, {"start": "00:11:37", "end": "00:11:42", "text": "what makes it better for me or easier"}, {"start": "00:11:38", "end": "00:11:45", "text": "for me to sit here and shill it to you"}, {"start": "00:11:42", "end": "00:11:46", "text": "is we're offering a trial. And so just"}, {"start": "00:11:45", "end": "00:11:48", "text": "make sure you cancel if you don't like"}, {"start": "00:11:46", "end": "00:11:49", "text": "it. But I'm I'm very confident many of"}, {"start": "00:11:48", "end": "00:11:52", "text": "you will like it along with the members"}, {"start": "00:11:49", "end": "00:11:53", "text": "that are using it right now uh to plan"}, {"start": "00:11:52", "end": "00:11:55", "text": "because right now is a time to plan"}, {"start": "00:11:53", "end": "00:11:57", "text": "these risk scores. Imagine if we do"}, {"start": "00:11:55", "end": "00:12:00", "text": "enter a bull market and the risk scores"}, {"start": "00:11:57", "end": "00:12:03", "text": "start just going kind of crazy above 50"}, {"start": "00:12:00", "end": "00:12:05", "text": "into the 60s 70s. What does that look"}, {"start": "00:12:03", "end": "00:12:07", "text": "like for you? You want to be notified."}, {"start": "00:12:05", "end": "00:12:09", "text": "You can set your risk alerts and you"}, {"start": "00:12:07", "end": "00:12:10", "text": "manage your alerts back there um and"}, {"start": "00:12:09", "end": "00:12:12", "text": "make your decisions based on everything"}, {"start": "00:12:10", "end": "00:12:14", "text": "going on in terms of risk. So, it's not"}, {"start": "00:12:12", "end": "00:12:16", "text": "predictive, but it's very helpful data,"}, {"start": "00:12:14", "end": "00:12:18", "text": "I think, in terms of managing through"}, {"start": "00:12:16", "end": "00:12:20", "text": "the volatility that we have in crypto."}, {"start": "00:12:18", "end": "00:12:22", "text": "So, let's see how this plays out."}, {"start": "00:12:20", "end": "00:12:23", "text": "Obviously, it's probably not going to"}, {"start": "00:12:22", "end": "00:12:25", "text": "play out exactly like this fractal, but"}, {"start": "00:12:23", "end": "00:12:26", "text": "a very interesting angle to anticipate"}, {"start": "00:12:25", "end": "00:12:29", "text": "further downside, but also anticipate"}, {"start": "00:12:26", "end": "00:12:31", "text": "the potential for a productivity boom,"}, {"start": "00:12:29", "end": "00:12:34", "text": "an expansion type bull market we haven't"}, {"start": "00:12:31", "end": "00:12:35", "text": "seen since 2020. So, appreciate you. If"}, {"start": "00:12:34", "end": "00:12:36", "text": "you got any value from the video, please"}, {"start": "00:12:35", "end": "00:12:38", "text": "hit that like button. Helps the channel"}, {"start": "00:12:36", "end": "00:12:40", "text": "a lot. And if you're not a subscriber,"}, {"start": "00:12:38", "end": "00:12:42", "text": "be sure to subscribe, turn notifications"}, {"start": "00:12:40", "end": "00:12:45", "text": "on. I will see you in the next video."}, {"start": "00:12:42", "end": "00:12:45", "text": "God bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "So this is literally the structure that"}, {"start": "00:00:02", "end": "00:00:05", "text": "is setting up right now. This video was"}, {"start": "00:00:03", "end": "00:00:07", "text": "from September 26. And you can just see"}, {"start": "00:00:05", "end": "00:00:10", "text": "we were seeing resistance and"}, {"start": "00:00:07", "end": "00:00:12", "text": "speculatively this this higher low"}, {"start": "00:00:10", "end": "00:00:15", "text": "pullback in the month of October. This"}, {"start": "00:00:12", "end": "00:00:17", "text": "was September 26th and this is precisely"}, {"start": "00:00:15", "end": "00:00:19", "text": "what is playing out right now. Crypto"}, {"start": "00:00:17", "end": "00:00:20", "text": "dipping nicely. If you are a crypto"}, {"start": "00:00:19", "end": "00:00:22", "text": "bull, you should be excited. I want to"}, {"start": "00:00:20", "end": "00:00:24", "text": "start this video with a clip from"}, {"start": "00:00:22", "end": "00:00:26", "text": "September 25th. This was around 20 days"}, {"start": "00:00:24", "end": "00:00:27", "text": "ago. Check this out real quick. in"}, {"start": "00:00:26", "end": "00:00:29", "text": "relation to Bitcoin. Above that range,"}, {"start": "00:00:27", "end": "00:00:32", "text": "if we don't fall all the way down here,"}, {"start": "00:00:29", "end": "00:00:35", "text": "you can see we have the 200 day moving"}, {"start": "00:00:32", "end": "00:00:38", "text": "average at 70. We have the 50-day at 75."}, {"start": "00:00:35", "end": "00:00:42", "text": "And we have the 20-day at 80. So, we're"}, {"start": "00:00:38", "end": "00:00:44", "text": "currently at 83. How shallow or deep do"}, {"start": "00:00:42", "end": "00:00:46", "text": "we get a pullback here? Is it within the"}, {"start": "00:00:44", "end": "00:00:47", "text": "middle of all those moving averages? And"}, {"start": "00:00:46", "end": "00:00:48", "text": "then we're starting to bounce and then"}, {"start": "00:00:47", "end": "00:00:51", "text": "we actually have an inverse head and"}, {"start": "00:00:48", "end": "00:00:53", "text": "shoulders really playing out. Is Bitcoin"}, {"start": "00:00:51", "end": "00:00:55", "text": "about to absolutely capitulate in a"}, {"start": "00:00:53", "end": "00:00:58", "text": "similar way like it did? So, Bitcoin was"}, {"start": "00:00:55", "end": "00:01:00", "text": "around $83,000, $84,000. We were at this"}, {"start": "00:00:58", "end": "00:01:02", "text": "resistance area. We've been talking"}, {"start": "00:01:00", "end": "00:01:03", "text": "about this really since the end of"}, {"start": "00:01:02", "end": "00:01:05", "text": "September for both Bitcoin, for"}, {"start": "00:01:03", "end": "00:01:07", "text": "Ethereum, for crypto in general. And I"}, {"start": "00:01:05", "end": "00:01:08", "text": "want to dive into the price action"}, {"start": "00:01:07", "end": "00:01:10", "text": "that's playing out right now. This is"}, {"start": "00:01:08", "end": "00:01:12", "text": "incredibly normal price action number"}, {"start": "00:01:10", "end": "00:01:14", "text": "one. And if you're a crypto bull, it"}, {"start": "00:01:12", "end": "00:01:16", "text": "should excite you. So before we even"}, {"start": "00:01:14", "end": "00:01:19", "text": "dive into price targets, before we even"}, {"start": "00:01:16", "end": "00:01:21", "text": "dive into how much worse can this move"}, {"start": "00:01:19", "end": "00:01:24", "text": "get, and when I say worse, I say that"}, {"start": "00:01:21", "end": "00:01:27", "text": "lightly because in my opinion, these"}, {"start": "00:01:24", "end": "00:01:29", "text": "normal higher low dips out of a bare"}, {"start": "00:01:27", "end": "00:01:31", "text": "market environment into a bull market"}, {"start": "00:01:29", "end": "00:01:33", "text": "are healthy and they're actually good."}, {"start": "00:01:31", "end": "00:01:34", "text": "So before I do any of that though, I"}, {"start": "00:01:33", "end": "00:01:36", "text": "just want to point your attention to"}, {"start": "00:01:34", "end": "00:01:38", "text": "something that is Bitcoin on the weekly"}, {"start": "00:01:36", "end": "00:01:40", "text": "chart. You see these two areas that I"}, {"start": "00:01:38", "end": "00:01:43", "text": "have circled back here. These are just"}, {"start": "00:01:40", "end": "00:01:45", "text": "so important in terms of where we are in"}, {"start": "00:01:43", "end": "00:01:48", "text": "the Bitcoin momentum and as well as the"}, {"start": "00:01:45", "end": "00:01:50", "text": "Bitcoin cycles. Notice this one right"}, {"start": "00:01:48", "end": "00:01:53", "text": "here. This is the RSI, the slower moving"}, {"start": "00:01:50", "end": "00:01:56", "text": "momentum oscillator like August 2020,"}, {"start": "00:01:53", "end": "00:01:57", "text": "right? And you can see in that move"}, {"start": "00:01:56", "end": "00:02:00", "text": "obviously if you're looking at this"}, {"start": "00:01:57", "end": "00:02:02", "text": "chart this move in August 2020 there was"}, {"start": "00:02:00", "end": "00:02:05", "text": "a pullback right to this 20week moving"}, {"start": "00:02:02", "end": "00:02:08", "text": "average before an absolutely parabolic"}, {"start": "00:02:05", "end": "00:02:11", "text": "move through all-time highs and in into"}, {"start": "00:02:08", "end": "00:02:14", "text": "price discovery for Bitcoin right that's"}, {"start": "00:02:11", "end": "00:02:16", "text": "number one we are essentially like kind"}, {"start": "00:02:14", "end": "00:02:17", "text": "of in that same vicinity in terms of RSI"}, {"start": "00:02:16", "end": "00:02:19", "text": "momentum right now if you look at this"}, {"start": "00:02:17", "end": "00:02:21", "text": "and we're in the middle of a pullback so"}, {"start": "00:02:19", "end": "00:02:23", "text": "this is to illustrate something and and"}, {"start": "00:02:21", "end": "00:02:24", "text": "we're going to illustrate something way"}, {"start": "00:02:23", "end": "00:02:27", "text": "more important than this, but it's to"}, {"start": "00:02:24", "end": "00:02:28", "text": "illustrate from this area, these"}, {"start": "00:02:27", "end": "00:02:31", "text": "pullbacks are normal if we're going to"}, {"start": "00:02:28", "end": "00:02:34", "text": "go higher, number one. But now the more"}, {"start": "00:02:31", "end": "00:02:37", "text": "exciting uh kind of foundation to why"}, {"start": "00:02:34", "end": "00:02:39", "text": "I'm bringing this up, it's not because"}, {"start": "00:02:37", "end": "00:02:41", "text": "yeah, pullbacks are normal. Look, it"}, {"start": "00:02:39", "end": "00:02:45", "text": "happened back here in 2020. It's because"}, {"start": "00:02:41", "end": "00:02:48", "text": "when you look at say August 2020 or even"}, {"start": "00:02:45", "end": "00:02:52", "text": "February of 2020,"}, {"start": "00:02:48", "end": "00:02:55", "text": "it's this moment right here all there."}, {"start": "00:02:52", "end": "00:02:58", "text": "This is the first time right here that"}, {"start": "00:02:55", "end": "00:03:01", "text": "we've had a moment like this. That's why"}, {"start": "00:02:58", "end": "00:03:03", "text": "not only comparing the momentum of"}, {"start": "00:03:01", "end": "00:03:04", "text": "Bitcoin in these moments is important,"}, {"start": "00:03:03", "end": "00:03:06", "text": "but it's even more important because"}, {"start": "00:03:04", "end": "00:03:09", "text": "this is where we are in the cycles. And"}, {"start": "00:03:06", "end": "00:03:11", "text": "this was after exiting all of this"}, {"start": "00:03:09", "end": "00:03:13", "text": "multi-year bare and contraction and"}, {"start": "00:03:11", "end": "00:03:15", "text": "consolidation finally getting ready for"}, {"start": "00:03:13", "end": "00:03:17", "text": "a bull. This is where we are. And here's"}, {"start": "00:03:15", "end": "00:03:19", "text": "what I want to do is I want to visualize"}, {"start": "00:03:17", "end": "00:03:20", "text": "these two areas with you really briefly"}, {"start": "00:03:19", "end": "00:03:22", "text": "and then we're going to dive into the"}, {"start": "00:03:20", "end": "00:03:23", "text": "shorter term analysis. Everybody, real"}, {"start": "00:03:22", "end": "00:03:25", "text": "quick, we're partnered with Coinbase"}, {"start": "00:03:23", "end": "00:03:27", "text": "right now. We've got something new for"}, {"start": "00:03:25", "end": "00:03:29", "text": "the CCV community, even if you have an"}, {"start": "00:03:27", "end": "00:03:32", "text": "active Coinbase account. Click the link"}, {"start": "00:03:29", "end": "00:03:33", "text": "below, get set up under me and get"}, {"start": "00:03:32", "end": "00:03:37", "text": "access to our community offer, which"}, {"start": "00:03:33", "end": "00:03:39", "text": "includes 80% off spot trading fees. So,"}, {"start": "00:03:37", "end": "00:03:42", "text": "even if you have a Coinbase account,"}, {"start": "00:03:39", "end": "00:03:44", "text": "click my link below and activate rewards"}, {"start": "00:03:42", "end": "00:03:46", "text": "via that link. And if you're new to"}, {"start": "00:03:44", "end": "00:03:49", "text": "Coinbase, there's up to 250 USDC in"}, {"start": "00:03:46", "end": "00:03:52", "text": "rewards starting with 25 USDC for"}, {"start": "00:03:49", "end": "00:03:54", "text": "completing ID verification. This is"}, {"start": "00:03:52", "end": "00:03:56", "text": "withdrawable rewards too, everybody. So"}, {"start": "00:03:54", "end": "00:03:59", "text": "click the Coinbase link below, hit"}, {"start": "00:03:56", "end": "00:04:00", "text": "activate rewards and follow the steps to"}, {"start": "00:03:59", "end": "00:04:03", "text": "get started. So the question is why"}, {"start": "00:04:00", "end": "00:04:05", "text": "these two areas, right? Why August 2020"}, {"start": "00:04:03", "end": "00:04:07", "text": "and February 2020? If you go to the"}, {"start": "00:04:05", "end": "00:04:08", "text": "business cycle, our business cycle index"}, {"start": "00:04:07", "end": "00:04:11", "text": "that is back here in our intelligence"}, {"start": "00:04:08", "end": "00:04:13", "text": "system there, these are the two areas."}, {"start": "00:04:11", "end": "00:04:16", "text": "So here is September 2020. This was our"}, {"start": "00:04:13", "end": "00:04:18", "text": "first print in that cycle going into"}, {"start": "00:04:16", "end": "00:04:20", "text": "expansion September 2020. Incredibly"}, {"start": "00:04:18", "end": "00:04:21", "text": "bullish if you were here last cycle,"}, {"start": "00:04:20", "end": "00:04:23", "text": "right? This was the beginning of the"}, {"start": "00:04:21", "end": "00:04:26", "text": "move. We just saw it on the Bitcoin"}, {"start": "00:04:23", "end": "00:04:28", "text": "chart. Why this one? Why February 2020?"}, {"start": "00:04:26", "end": "00:04:30", "text": "Because if you look at this move of"}, {"start": "00:04:28", "end": "00:04:32", "text": "expansion, and it wasn't expanding yet,"}, {"start": "00:04:30", "end": "00:04:36", "text": "but just what I mean is, you know, we"}, {"start": "00:04:32", "end": "00:04:40", "text": "printed 46.9 in the index and then 50.8"}, {"start": "00:04:36", "end": "00:04:42", "text": "51.6. We were starting to get like"}, {"start": "00:04:40", "end": "00:04:44", "text": "expansion, the beginning of expansion."}, {"start": "00:04:42", "end": "00:04:46", "text": "We didn't print an expansion, right? But"}, {"start": "00:04:44", "end": "00:04:49", "text": "it was on its way seemingly the business"}, {"start": "00:04:46", "end": "00:04:51", "text": "cycle that is. And then COVID came into"}, {"start": "00:04:49", "end": "00:04:53", "text": "play and boom, we had the reset and then"}, {"start": "00:04:51", "end": "00:04:54", "text": "really we finally started to get out of"}, {"start": "00:04:53", "end": "00:04:57", "text": "that expansion, right, into the bull"}, {"start": "00:04:54", "end": "00:04:59", "text": "cycle. So the question always is what if"}, {"start": "00:04:57", "end": "00:05:01", "text": "that never happened, right? What if we"}, {"start": "00:04:59", "end": "00:05:04", "text": "never got co there? The expansion cycle"}, {"start": "00:05:01", "end": "00:05:06", "text": "might have started here. I do not know."}, {"start": "00:05:04", "end": "00:05:08", "text": "But point being the structure and the"}, {"start": "00:05:06", "end": "00:05:10", "text": "momentum of Bitcoin at that moment was"}, {"start": "00:05:08", "end": "00:05:13", "text": "very similar both times, right? So right"}, {"start": "00:05:10", "end": "00:05:15", "text": "here and right here. And so when we"}, {"start": "00:05:13", "end": "00:05:17", "text": "think about where we are right now, this"}, {"start": "00:05:15", "end": "00:05:19", "text": "is exactly where we are in terms of"}, {"start": "00:05:17", "end": "00:05:22", "text": "cycles. So it really is the first time"}, {"start": "00:05:19", "end": "00:05:25", "text": "since 2020 we've had a setup like this."}, {"start": "00:05:22", "end": "00:05:27", "text": "But through every cycle, dips like we're"}, {"start": "00:05:25", "end": "00:05:29", "text": "seeing right now, this is so normal,"}, {"start": "00:05:27", "end": "00:05:33", "text": "everybody. It's incredible. I've never"}, {"start": "00:05:29", "end": "00:05:35", "text": "seen so many people get excited about a"}, {"start": "00:05:33", "end": "00:05:37", "text": "dip and want it to go lower. And I think"}, {"start": "00:05:35", "end": "00:05:40", "text": "a lot of people right now are waiting"}, {"start": "00:05:37", "end": "00:05:42", "text": "for a four-year cycle low, a lower low."}, {"start": "00:05:40", "end": "00:05:44", "text": "They want Bitcoin and crypto to go lower"}, {"start": "00:05:42", "end": "00:05:47", "text": "because they're waiting on a four-year"}, {"start": "00:05:44", "end": "00:05:48", "text": "cycle. But I am saying this and been"}, {"start": "00:05:47", "end": "00:05:49", "text": "saying this since the end end of"}, {"start": "00:05:48", "end": "00:05:51", "text": "September."}, {"start": "00:05:49", "end": "00:05:53", "text": "Yes, a dip is very much in play from"}, {"start": "00:05:51", "end": "00:05:55", "text": "these resistance areas, but it's a"}, {"start": "00:05:53", "end": "00:05:58", "text": "healthy higher low dip. And it's kind of"}, {"start": "00:05:55", "end": "00:05:59", "text": "a structured dip that that could"}, {"start": "00:05:58", "end": "00:06:01", "text": "potentially set up just an incredible"}, {"start": "00:05:59", "end": "00:06:03", "text": "pattern. So on Bitcoin, this is what it"}, {"start": "00:06:01", "end": "00:06:04", "text": "looks like right now. We're getting"}, {"start": "00:06:03", "end": "00:06:06", "text": "we're getting it to play out very"}, {"start": "00:06:04", "end": "00:06:08", "text": "nicely. And you can even see I know it's"}, {"start": "00:06:06", "end": "00:06:12", "text": "ugly, right? We we kind of actually"}, {"start": "00:06:08", "end": "00:06:14", "text": "dipped into the 70s, by the way. But"}, {"start": "00:06:12", "end": "00:06:15", "text": "just zoomed out on this daily chart."}, {"start": "00:06:14", "end": "00:06:17", "text": "It's not even that bad. And then I want"}, {"start": "00:06:15", "end": "00:06:19", "text": "to go look at Ethereum in just a moment."}, {"start": "00:06:17", "end": "00:06:21", "text": "Um but the the dip is not even that bad."}, {"start": "00:06:19", "end": "00:06:24", "text": "We could very well go lower. So the"}, {"start": "00:06:21", "end": "00:06:26", "text": "lower 70s have just very simply been in"}, {"start": "00:06:24", "end": "00:06:29", "text": "play. The 200 day moving average is now"}, {"start": "00:06:26", "end": "00:06:31", "text": "around 72,000. And I say now just"}, {"start": "00:06:29", "end": "00:06:33", "text": "because, you know, like a couple weeks"}, {"start": "00:06:31", "end": "00:06:36", "text": "ago was in the 71,000 and then before"}, {"start": "00:06:33", "end": "00:06:38", "text": "that was down here 70,000. So it's"}, {"start": "00:06:36", "end": "00:06:41", "text": "slowly creeping up. But this area down"}, {"start": "00:06:38", "end": "00:06:43", "text": "here, this $72,000 area, Bitcoin can"}, {"start": "00:06:41", "end": "00:06:45", "text": "very well consolidate into that area. We"}, {"start": "00:06:43", "end": "00:06:47", "text": "could just we could fall for the rest of"}, {"start": "00:06:45", "end": "00:06:49", "text": "October, and you're you're about to just"}, {"start": "00:06:47", "end": "00:06:51", "text": "in in a clip in this in the Ethereum"}, {"start": "00:06:49", "end": "00:06:55", "text": "video, you're going to see a red October"}, {"start": "00:06:51", "end": "00:06:57", "text": "is just so in play. That could happen."}, {"start": "00:06:55", "end": "00:06:58", "text": "But if you zoom out on even a daily"}, {"start": "00:06:57", "end": "00:07:00", "text": "chart, it's not even that zoomed out."}, {"start": "00:06:58", "end": "00:07:01", "text": "This could be the higher low structure"}, {"start": "00:07:00", "end": "00:07:03", "text": "that we're waiting for and that we've"}, {"start": "00:07:01", "end": "00:07:06", "text": "really been anticipating. So for"}, {"start": "00:07:03", "end": "00:07:07", "text": "Bitcoin, that's $72,000."}, {"start": "00:07:06", "end": "00:07:09", "text": "Very interesting though. I will want to"}, {"start": "00:07:07", "end": "00:07:11", "text": "monitor the 50-day moving average"}, {"start": "00:07:09", "end": "00:07:13", "text": "because even right now as I'm doing the"}, {"start": "00:07:11", "end": "00:07:16", "text": "video, I'm not quite sure it's going to"}, {"start": "00:07:13", "end": "00:07:18", "text": "hold everybody like just just absolute"}, {"start": "00:07:16", "end": "00:07:19", "text": "insane support with this wick. It would"}, {"start": "00:07:18", "end": "00:07:21", "text": "be awesome. It would be beautiful,"}, {"start": "00:07:19", "end": "00:07:23", "text": "right? we get the wick below the 50-day"}, {"start": "00:07:21", "end": "00:07:25", "text": "and all of a sudden we start bouncing"}, {"start": "00:07:23", "end": "00:07:27", "text": "off of that and we have a very shallow"}, {"start": "00:07:25", "end": "00:07:29", "text": "setup and a right shoulder. That would"}, {"start": "00:07:27", "end": "00:07:30", "text": "be that would just be awesome. I'm not"}, {"start": "00:07:29", "end": "00:07:33", "text": "so convinced that's going to happen. We"}, {"start": "00:07:30", "end": "00:07:36", "text": "very well could just go down and we can"}, {"start": "00:07:33", "end": "00:07:38", "text": "just start consolidating between the 50"}, {"start": "00:07:36", "end": "00:07:41", "text": "and the 200. So I would just say"}, {"start": "00:07:38", "end": "00:07:43", "text": "anticipate more downside between 72,000"}, {"start": "00:07:41", "end": "00:07:45", "text": "and 81,000 where we are right now. It's"}, {"start": "00:07:43", "end": "00:07:47", "text": "very simple. It is not a bearish thing"}, {"start": "00:07:45", "end": "00:07:49", "text": "at all. This is a this is a macro high"}, {"start": "00:07:47", "end": "00:07:50", "text": "or low dip that we are going through"}, {"start": "00:07:49", "end": "00:07:53", "text": "right now. This is something that has"}, {"start": "00:07:50", "end": "00:07:55", "text": "happened in almost every cycle so far as"}, {"start": "00:07:53", "end": "00:07:58", "text": "we lead into a bull market and it is"}, {"start": "00:07:55", "end": "00:08:00", "text": "incredibly normal. And this moment again"}, {"start": "00:07:58", "end": "00:08:03", "text": "is really a moment that we have not seen"}, {"start": "00:08:00", "end": "00:08:06", "text": "since all the way back here in September"}, {"start": "00:08:03", "end": "00:08:07", "text": "of 2020 and that is a very good thing if"}, {"start": "00:08:06", "end": "00:08:09", "text": "you're a cryptobull. So going back to"}, {"start": "00:08:07", "end": "00:08:10", "text": "this chart though I do want to plot one"}, {"start": "00:08:09", "end": "00:08:13", "text": "thing out then I want to go look at"}, {"start": "00:08:10", "end": "00:08:15", "text": "Ethereum. this swing low back here in"}, {"start": "00:08:13", "end": "00:08:17", "text": "midepptember two swing high. We have"}, {"start": "00:08:15", "end": "00:08:20", "text": "this area cuz we're talking about in"}, {"start": "00:08:17", "end": "00:08:22", "text": "between the the 50-day moving average"}, {"start": "00:08:20", "end": "00:08:24", "text": "where where Bitcoin is right now in the"}, {"start": "00:08:22", "end": "00:08:29", "text": "200 all the way down here. We do have a"}, {"start": "00:08:24", "end": "00:08:32", "text": "618 around 79,000. We just wick to it"}, {"start": "00:08:29", "end": "00:08:37", "text": "and we have a 786 around 77,000."}, {"start": "00:08:32", "end": "00:08:39", "text": "So we can kind of kind of bring down how"}, {"start": "00:08:37", "end": "00:08:43", "text": "how wide this range is of the 50 to the"}, {"start": "00:08:39", "end": "00:08:44", "text": "200 and we can kind of say okay at least"}, {"start": "00:08:43", "end": "00:08:46", "text": "instead of just anticipating that next"}, {"start": "00:08:44", "end": "00:08:48", "text": "target of 200 day moving average the"}, {"start": "00:08:46", "end": "00:08:51", "text": "next support target for Bitcoin right"}, {"start": "00:08:48", "end": "00:08:54", "text": "now is this higher low Fibonacci range."}, {"start": "00:08:51", "end": "00:08:56", "text": "So swing low to swing high right back"}, {"start": "00:08:54", "end": "00:08:58", "text": "down to this range. This is such a"}, {"start": "00:08:56", "end": "00:09:00", "text": "normal pullback area and you can you can"}, {"start": "00:08:58", "end": "00:09:02", "text": "even see we've already wicked to the top"}, {"start": "00:09:00", "end": "00:09:04", "text": "of that Fibonacci support range that"}, {"start": "00:09:02", "end": "00:09:06", "text": "might show support along with the 50-day"}, {"start": "00:09:04", "end": "00:09:09", "text": "moving average. But if not, I would say"}, {"start": "00:09:06", "end": "00:09:12", "text": "the next area to watch for $77,000 for"}, {"start": "00:09:09", "end": "00:09:14", "text": "support and just continue to be cautious"}, {"start": "00:09:12", "end": "00:09:15", "text": "and ready. If you're an accumulator of"}, {"start": "00:09:14", "end": "00:09:17", "text": "Bitcoin, you go right in here on"}, {"start": "00:09:15", "end": "00:09:19", "text": "Coinbase. You set your buy orders, your"}, {"start": "00:09:17", "end": "00:09:20", "text": "limit buy orders if we do wick to that"}, {"start": "00:09:19", "end": "00:09:22", "text": "area, right? You can set them all the"}, {"start": "00:09:20", "end": "00:09:24", "text": "way down here 71 72,000. you think we're"}, {"start": "00:09:22", "end": "00:09:27", "text": "going to go down there. Coinbase makes"}, {"start": "00:09:24", "end": "00:09:29", "text": "it incredibly easy. And when you're"}, {"start": "00:09:27", "end": "00:09:32", "text": "doing your analysis, like when you're"}, {"start": "00:09:29", "end": "00:09:34", "text": "doing your analysis in Coinbase,"}, {"start": "00:09:32", "end": "00:09:36", "text": "people are different, so I try to speak"}, {"start": "00:09:34", "end": "00:09:38", "text": "to both worlds. I like to just place the"}, {"start": "00:09:36", "end": "00:09:40", "text": "order myself. I don't like to set limit"}, {"start": "00:09:38", "end": "00:09:42", "text": "orders as much just because I'm always"}, {"start": "00:09:40", "end": "00:09:44", "text": "tracking the charts. But you can just"}, {"start": "00:09:42", "end": "00:09:46", "text": "see how quick moves can happen, right?"}, {"start": "00:09:44", "end": "00:09:48", "text": "If you had a limit order right here at"}, {"start": "00:09:46", "end": "00:09:50", "text": "the upper range of the support area, you"}, {"start": "00:09:48", "end": "00:09:52", "text": "might have might have just filled it,"}, {"start": "00:09:50", "end": "00:09:54", "text": "right? or get close to filling it. And"}, {"start": "00:09:52", "end": "00:09:55", "text": "that's purpose of the limit orders. If"}, {"start": "00:09:54", "end": "00:09:57", "text": "you're not watching the screen all day,"}, {"start": "00:09:55", "end": "00:09:59", "text": "you can kind of hit these areas if they"}, {"start": "00:09:57", "end": "00:10:00", "text": "if they hit I want to go to Ethereum. I"}, {"start": "00:09:59", "end": "00:10:03", "text": "want to look at this clip from September"}, {"start": "00:10:00", "end": "00:10:05", "text": "26th. Um this was like a day after the"}, {"start": "00:10:03", "end": "00:10:09", "text": "last clip we saw. Just check this out"}, {"start": "00:10:05", "end": "00:10:11", "text": "real fast. But if speculatively this is"}, {"start": "00:10:09", "end": "00:10:12", "text": "an inverse head and shoulders setting up"}, {"start": "00:10:11", "end": "00:10:15", "text": "and there's going to be resistance at"}, {"start": "00:10:12", "end": "00:10:18", "text": "this trend line, well then we actually"}, {"start": "00:10:15", "end": "00:10:20", "text": "have a dip in store in the short term"}, {"start": "00:10:18", "end": "00:10:23", "text": "potentially. Maybe maybe October will be"}, {"start": "00:10:20", "end": "00:10:25", "text": "a red month for crypto. And how drastic"}, {"start": "00:10:23", "end": "00:10:28", "text": "of a red month, I don't know. But this"}, {"start": "00:10:25", "end": "00:10:30", "text": "could be the very story on the short"}, {"start": "00:10:28", "end": "00:10:32", "text": "term that plays out leading into the"}, {"start": "00:10:30", "end": "00:10:34", "text": "entry into the bull market. And remember"}, {"start": "00:10:32", "end": "00:10:36", "text": "that is so this is literally the"}, {"start": "00:10:34", "end": "00:10:38", "text": "structure that is setting up right now."}, {"start": "00:10:36", "end": "00:10:39", "text": "This video was from September 26. And"}, {"start": "00:10:38", "end": "00:10:42", "text": "you can just see we were seeing"}, {"start": "00:10:39", "end": "00:10:44", "text": "resistance and speculatively this this"}, {"start": "00:10:42", "end": "00:10:46", "text": "higher low pullback in the month of"}, {"start": "00:10:44", "end": "00:10:49", "text": "October. This was September 26. And this"}, {"start": "00:10:46", "end": "00:10:52", "text": "is precisely what is playing out right"}, {"start": "00:10:49", "end": "00:10:54", "text": "now. We got resistance and we are coming"}, {"start": "00:10:52", "end": "00:10:56", "text": "down. We're finding the higher low areas"}, {"start": "00:10:54", "end": "00:10:58", "text": "right now. And we could very well go"}, {"start": "00:10:56", "end": "00:11:00", "text": "lower. And I'm telling you right now,"}, {"start": "00:10:58", "end": "00:11:03", "text": "especially if you're a cryptobull, that"}, {"start": "00:11:00", "end": "00:11:05", "text": "is a very good and healthy thing. So on"}, {"start": "00:11:03", "end": "00:11:06", "text": "Ethereum, this is what it looks like."}, {"start": "00:11:05", "end": "00:11:09", "text": "And you can actually see we've already"}, {"start": "00:11:06", "end": "00:11:10", "text": "hit this area. This first uh area we"}, {"start": "00:11:09", "end": "00:11:12", "text": "were we were watching, I think, was a"}, {"start": "00:11:10", "end": "00:11:14", "text": "higher low Fibonacci. That purple, we"}, {"start": "00:11:12", "end": "00:11:16", "text": "failed. We ranged at that support area"}, {"start": "00:11:14", "end": "00:11:18", "text": "for a while, but now we're falling into"}, {"start": "00:11:16", "end": "00:11:19", "text": "that deeper range. So, the 200 day"}, {"start": "00:11:18", "end": "00:11:22", "text": "moving average on Ethereum is down here"}, {"start": "00:11:19", "end": "00:11:24", "text": "around 2100. It continues to kind of"}, {"start": "00:11:22", "end": "00:11:27", "text": "make its way higher slowly as as"}, {"start": "00:11:24", "end": "00:11:31", "text": "Ethereum trades. But pulling into that"}, {"start": "00:11:27", "end": "00:11:34", "text": "area below the the 50, above the 200,"}, {"start": "00:11:31", "end": "00:11:36", "text": "that's a normal move. And again, what I"}, {"start": "00:11:34", "end": "00:11:38", "text": "want to do is I want to just take the"}, {"start": "00:11:36", "end": "00:11:41", "text": "the"}, {"start": "00:11:38", "end": "00:11:44", "text": "really volatile crazy move and plot this"}, {"start": "00:11:41", "end": "00:11:46", "text": "just in case it's swing low. I have the"}, {"start": "00:11:44", "end": "00:11:49", "text": "wrong indicator, but it's swing low that"}, {"start": "00:11:46", "end": "00:11:52", "text": "we have back here in June to swing high"}, {"start": "00:11:49", "end": "00:11:54", "text": "and there is this crazy volatile"}, {"start": "00:11:52", "end": "00:11:55", "text": "Fibonacci. If things get bad, if"}, {"start": "00:11:54", "end": "00:11:58", "text": "something happens, if there's a"}, {"start": "00:11:55", "end": "00:12:00", "text": "narrative or an event that's going to"}, {"start": "00:11:58", "end": "00:12:06", "text": "drive crypto to capitulate, there's the"}, {"start": "00:12:00", "end": "00:12:10", "text": "618 at $2,000 and the 786 at 17 $1,800."}, {"start": "00:12:06", "end": "00:12:12", "text": "That is just there. It is just in play."}, {"start": "00:12:10", "end": "00:12:15", "text": "In the story of a macro move into a bull"}, {"start": "00:12:12", "end": "00:12:18", "text": "market after just five years of business"}, {"start": "00:12:15", "end": "00:12:21", "text": "cycle and tightening,"}, {"start": "00:12:18", "end": "00:12:24", "text": "right? We have to anticipate that the"}, {"start": "00:12:21", "end": "00:12:25", "text": "move into the bull is going to be is"}, {"start": "00:12:24", "end": "00:12:28", "text": "going to take some time. It's going to"}, {"start": "00:12:25", "end": "00:12:29", "text": "be volatile, right? So, this is very"}, {"start": "00:12:28", "end": "00:12:32", "text": "much in play. This Fibonacci down here"}, {"start": "00:12:29", "end": "00:12:34", "text": "2,00 to,700. That's not my base case for"}, {"start": "00:12:32", "end": "00:12:35", "text": "the short term. I want to monitor this"}, {"start": "00:12:34", "end": "00:12:38", "text": "range. And this is the range we've"}, {"start": "00:12:35", "end": "00:12:41", "text": "talked about this yellow box. anything"}, {"start": "00:12:38", "end": "00:12:42", "text": "really below this this support area in"}, {"start": "00:12:41", "end": "00:12:44", "text": "the purple that we were looking at."}, {"start": "00:12:42", "end": "00:12:48", "text": "Anything below that to the 200 day"}, {"start": "00:12:44", "end": "00:12:50", "text": "moving average at 2100 that is I would"}, {"start": "00:12:48", "end": "00:12:52", "text": "say the beginning of accumulation range"}, {"start": "00:12:50", "end": "00:12:54", "text": "for all coins. We've still not seen"}, {"start": "00:12:52", "end": "00:12:56", "text": "Ethereum kind of exit this macro"}, {"start": "00:12:54", "end": "00:12:58", "text": "accumulation range in green right"}, {"start": "00:12:56", "end": "00:13:00", "text": "anytime Ethereum's in this box right now"}, {"start": "00:12:58", "end": "00:13:02", "text": "is pretty much I think a great spot to"}, {"start": "00:13:00", "end": "00:13:05", "text": "accumulate altcoins. The lower in the"}, {"start": "00:13:02", "end": "00:13:06", "text": "box the better. And so that's what I'm"}, {"start": "00:13:05", "end": "00:13:08", "text": "waiting for for Ethereum and all coins."}, {"start": "00:13:06", "end": "00:13:10", "text": "And speaking of that, you know, I've"}, {"start": "00:13:08", "end": "00:13:12", "text": "been averaging in, if you've been"}, {"start": "00:13:10", "end": "00:13:15", "text": "watching me in Coinbase in some of my"}, {"start": "00:13:12", "end": "00:13:16", "text": "videos recently, averaging into"}, {"start": "00:13:15", "end": "00:13:18", "text": "right now might be a great time to do"}, {"start": "00:13:16", "end": "00:13:20", "text": "it. I'm just again, I was looking at"}, {"start": "00:13:18", "end": "00:13:22", "text": "Bitcoin. I'm not convinced the 50-day"}, {"start": "00:13:20", "end": "00:13:24", "text": "will hold. I'm not in a rush to keep"}, {"start": "00:13:22", "end": "00:13:26", "text": "accumulating. I'm fine in my portfolio."}, {"start": "00:13:24", "end": "00:13:29", "text": "I I I would be so ready for the bull"}, {"start": "00:13:26", "end": "00:13:31", "text": "market. But if Bitcoin fails, Ethereum"}, {"start": "00:13:29", "end": "00:13:37", "text": "fails, and we really do start going"}, {"start": "00:13:31", "end": "00:13:40", "text": "lower, this apex of this triangle ono is"}, {"start": "00:13:37", "end": "00:13:42", "text": "an interesting area for continued, you"}, {"start": "00:13:40", "end": "00:13:44", "text": "know, accumulation for Ando. So, I'm"}, {"start": "00:13:42", "end": "00:13:45", "text": "sitting tight right now. I'm not going"}, {"start": "00:13:44", "end": "00:13:48", "text": "to accumulate. Maybe maybe it bounces"}, {"start": "00:13:45", "end": "00:13:50", "text": "off the 50-day and we just actually"}, {"start": "00:13:48", "end": "00:13:52", "text": "start escaping and we go bullish. We go"}, {"start": "00:13:50", "end": "00:13:54", "text": "into new higher high territory. It is"}, {"start": "00:13:52", "end": "00:13:55", "text": "what it is. I've said repeatedly, I'm"}, {"start": "00:13:54", "end": "00:13:58", "text": "not going to FOMO into all coins right"}, {"start": "00:13:55", "end": "00:14:00", "text": "now. Um, but I I'll keep trickling in if"}, {"start": "00:13:58", "end": "00:14:03", "text": "it keeps trickling down is basically it."}, {"start": "00:14:00", "end": "00:14:05", "text": "So, um, again, I could be in Coinbase. I"}, {"start": "00:14:03", "end": "00:14:06", "text": "can set my buy limit order. I'm not"}, {"start": "00:14:05", "end": "00:14:09", "text": "going to do that, though. I like to"}, {"start": "00:14:06", "end": "00:14:10", "text": "place my orders in real time. And, you"}, {"start": "00:14:09", "end": "00:14:12", "text": "know, and it would probably be in a"}, {"start": "00:14:10", "end": "00:14:14", "text": "video if we're getting down here. That"}, {"start": "00:14:12", "end": "00:14:16", "text": "would be a suitable time to probably do"}, {"start": "00:14:14", "end": "00:14:18", "text": "a video for Ono. You'd be looking at"}, {"start": "00:14:16", "end": "00:14:20", "text": "price range wise from where it is. If"}, {"start": "00:14:18", "end": "00:14:23", "text": "we're falling into this apex, another"}, {"start": "00:14:20", "end": "00:14:26", "text": "15% and from previous local swing highs,"}, {"start": "00:14:23", "end": "00:14:29", "text": "38% dip. That is precisely the type of"}, {"start": "00:14:26", "end": "00:14:31", "text": "dip even as we enter a bull market that"}, {"start": "00:14:29", "end": "00:14:32", "text": "is normal for altcoins. And it's a type"}, {"start": "00:14:31", "end": "00:14:34", "text": "of dip if you are a bull, especially"}, {"start": "00:14:32", "end": "00:14:37", "text": "macro bull focusing on things like the"}, {"start": "00:14:34", "end": "00:14:39", "text": "business cycle and not just a calendar"}, {"start": "00:14:37", "end": "00:14:40", "text": "event like the four-year cycle. That's"}, {"start": "00:14:39", "end": "00:14:44", "text": "the time where it becomes very"}, {"start": "00:14:40", "end": "00:14:47", "text": "compelling to start accumulating dips um"}, {"start": "00:14:44", "end": "00:14:48", "text": "before the bull really hits. So, I"}, {"start": "00:14:47", "end": "00:14:50", "text": "wanted to bring all this analysis to"}, {"start": "00:14:48", "end": "00:14:53", "text": "you. The the main point, let's watch"}, {"start": "00:14:50", "end": "00:14:54", "text": "support. Here's Bitcoin once again on"}, {"start": "00:14:53", "end": "00:14:56", "text": "the weekly. Here's what it looks on the"}, {"start": "00:14:54", "end": "00:14:58", "text": "daily. Check it out. I mean, if we get"}, {"start": "00:14:56", "end": "00:15:01", "text": "this 50-day moving average, support"}, {"start": "00:14:58", "end": "00:15:04", "text": "would be absolutely incredible. However,"}, {"start": "00:15:01", "end": "00:15:06", "text": "just know we've anticipated this"}, {"start": "00:15:04", "end": "00:15:08", "text": "consolidation since end of September,"}, {"start": "00:15:06", "end": "00:15:10", "text": "and if it wants to go lower, it very"}, {"start": "00:15:08", "end": "00:15:12", "text": "well has room to do so, and it would be"}, {"start": "00:15:10", "end": "00:15:13", "text": "a healthy bullish move. So, I appreciate"}, {"start": "00:15:12", "end": "00:15:14", "text": "each and every one of you watching."}, {"start": "00:15:13", "end": "00:15:17", "text": "We'll continue to see what Bitcoin and"}, {"start": "00:15:14", "end": "00:15:18", "text": "crypto does in these charts. I uh if"}, {"start": "00:15:17", "end": "00:15:20", "text": "you're not a subscriber, subscribe. If"}, {"start": "00:15:18", "end": "00:15:22", "text": "you're not in Coinbase, get set up. If"}, {"start": "00:15:20", "end": "00:15:25", "text": "you are in Coinbase, get set up anyway."}, {"start": "00:15:22", "end": "00:15:28", "text": "Click the link below. Save 80% on spot"}, {"start": "00:15:25", "end": "00:15:29", "text": "uh spot fees and Coinbase just make"}, {"start": "00:15:28", "end": "00:15:31", "text": "moves. So, I appreciate Coinbase for"}, {"start": "00:15:29", "end": "00:15:35", "text": "sponsoring the video. I will see you all"}, {"start": "00:15:31", "end": "00:15:35", "text": "in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "If you just go back to September and"}, {"start": "00:00:02", "end": "00:00:07", "text": "October 2020, this is what Bitcoin chart"}, {"start": "00:00:04", "end": "00:00:09", "text": "looked like. Everybody, do you see how"}, {"start": "00:00:07", "end": "00:00:10", "text": "this macroeconomic story is coming"}, {"start": "00:00:09", "end": "00:00:13", "text": "together? It's not a four-year cycle"}, {"start": "00:00:10", "end": "00:00:17", "text": "story. Look at this. Quantitative"}, {"start": "00:00:13", "end": "00:00:20", "text": "tightening, postQT dip going into"}, {"start": "00:00:17", "end": "00:00:22", "text": "expansion, September, October 2020. And"}, {"start": "00:00:20", "end": "00:00:26", "text": "here we are right now. quantitative"}, {"start": "00:00:22", "end": "00:00:31", "text": "tightening postQT dip going into PMI"}, {"start": "00:00:26", "end": "00:00:35", "text": "cycle expansion not 2020 but September"}, {"start": "00:00:31", "end": "00:00:36", "text": "2026 October 2026"}, {"start": "00:00:35", "end": "00:00:39", "text": "and look at the structure even of the"}, {"start": "00:00:36", "end": "00:00:40", "text": "chart so with all of that being said"}, {"start": "00:00:39", "end": "00:00:42", "text": "there's this kind of trend line we're"}, {"start": "00:00:40", "end": "00:00:44", "text": "waiting to break above here's a trend"}, {"start": "00:00:42", "end": "00:00:46", "text": "line we're waiting to break above with"}, {"start": "00:00:44", "end": "00:00:49", "text": "all that being said all in here there"}, {"start": "00:00:46", "end": "00:00:51", "text": "was volatility right you can see Bitcoin"}, {"start": "00:00:49", "end": "00:00:53", "text": "at the time revisiting the 20week moving"}, {"start": "00:00:51", "end": "00:00:56", "text": "average down here and at the time that"}, {"start": "00:00:53", "end": "00:00:58", "text": "was $10,000. Right now we have a 20week"}, {"start": "00:00:56", "end": "00:01:01", "text": "moving average is down here around"}, {"start": "00:00:58", "end": "00:01:05", "text": "$71,000. It's in play as we are in this"}, {"start": "00:01:01", "end": "00:01:08", "text": "macro shift that is historically on this"}, {"start": "00:01:05", "end": "00:01:09", "text": "chart leading us into a bull market."}, {"start": "00:01:08", "end": "00:01:11", "text": "Here's Bitcoin on the daily everybody."}, {"start": "00:01:09", "end": "00:01:12", "text": "Crypto's dipping and it is a bullish"}, {"start": "00:01:11", "end": "00:01:14", "text": "dip. It is a dip that you want to pay"}, {"start": "00:01:12", "end": "00:01:16", "text": "attention to. I want to highlight this"}, {"start": "00:01:14", "end": "00:01:18", "text": "post that I did at the end of September."}, {"start": "00:01:16", "end": "00:01:21", "text": "Have to prepare for a macro higher low."}, {"start": "00:01:18", "end": "00:01:22", "text": "A big scary dip. the kind of dip that"}, {"start": "00:01:21", "end": "00:01:25", "text": "has kickstarted every bullish expansion"}, {"start": "00:01:22", "end": "00:01:27", "text": "into a bull market in previous cycles"}, {"start": "00:01:25", "end": "00:01:29", "text": "and since the end of September I've been"}, {"start": "00:01:27", "end": "00:01:31", "text": "talking about the dip that is in play"}, {"start": "00:01:29", "end": "00:01:33", "text": "you know whether it's for Bitcoin"}, {"start": "00:01:31", "end": "00:01:34", "text": "Ethereum has a very similar chart this"}, {"start": "00:01:33", "end": "00:01:36", "text": "structure that is setting up right now"}, {"start": "00:01:34", "end": "00:01:38", "text": "this potential it's not confirmed yet"}, {"start": "00:01:36", "end": "00:01:40", "text": "but a potential head and shoulders"}, {"start": "00:01:38", "end": "00:01:42", "text": "inverse head and shoulders that is we"}, {"start": "00:01:40", "end": "00:01:44", "text": "have this kind of rejection back here"}, {"start": "00:01:42", "end": "00:01:47", "text": "and since this rejection on all of these"}, {"start": "00:01:44", "end": "00:01:48", "text": "cryptos we are anticipating potential"}, {"start": "00:01:47", "end": "00:01:50", "text": "further downside there are targets"}, {"start": "00:01:48", "end": "00:01:53", "text": "Bitcoin the 200 day moving average is in"}, {"start": "00:01:50", "end": "00:01:54", "text": "the lower 70s. We have to just prepare"}, {"start": "00:01:53", "end": "00:01:57", "text": "for that. It doesn't mean we're entering"}, {"start": "00:01:54", "end": "00:01:59", "text": "a bull a bare market. But what it very"}, {"start": "00:01:57", "end": "00:02:01", "text": "well could mean because of macroecon"}, {"start": "00:01:59", "end": "00:02:03", "text": "economic data because of even this"}, {"start": "00:02:01", "end": "00:02:06", "text": "Bitcoin dominance chart that I'm excited"}, {"start": "00:02:03", "end": "00:02:08", "text": "to share with you in this chart. What it"}, {"start": "00:02:06", "end": "00:02:10", "text": "might mean is we are getting your"}, {"start": "00:02:08", "end": "00:02:13", "text": "typical dip. This type of dip that we"}, {"start": "00:02:10", "end": "00:02:17", "text": "get before the beginning of a bull"}, {"start": "00:02:13", "end": "00:02:18", "text": "market breakout. This is all year long."}, {"start": "00:02:17", "end": "00:02:20", "text": "This structure on the Bitcoin chart."}, {"start": "00:02:18", "end": "00:02:23", "text": "This dip is here back in February of"}, {"start": "00:02:20", "end": "00:02:26", "text": "2026. All of this structure has required"}, {"start": "00:02:23", "end": "00:02:28", "text": "patience. It has required risk kind of"}, {"start": "00:02:26", "end": "00:02:30", "text": "assessment in terms of how you're going"}, {"start": "00:02:28", "end": "00:02:32", "text": "to accumulate in this range. And right"}, {"start": "00:02:30", "end": "00:02:34", "text": "now we are at the end of this structure"}, {"start": "00:02:32", "end": "00:02:36", "text": "formation. So what I want to do for you"}, {"start": "00:02:34", "end": "00:02:38", "text": "in this video is not only go over kind"}, {"start": "00:02:36", "end": "00:02:39", "text": "of the price action. We'll do this kind"}, {"start": "00:02:38", "end": "00:02:41", "text": "of towards the end of the video, but I'm"}, {"start": "00:02:39", "end": "00:02:42", "text": "going to show you the Bitcoin dominance"}, {"start": "00:02:41", "end": "00:02:45", "text": "chart because what's happening on the"}, {"start": "00:02:42", "end": "00:02:48", "text": "Bitcoin dominance chart overlaid with"}, {"start": "00:02:45", "end": "00:02:49", "text": "actual cycles, it's just crazy. So, let"}, {"start": "00:02:48", "end": "00:02:52", "text": "me break this down. I don't want to"}, {"start": "00:02:49", "end": "00:02:54", "text": "waste any time. This is Bitcoin last"}, {"start": "00:02:52", "end": "00:02:58", "text": "cycle. Okay? And when I say last cycle,"}, {"start": "00:02:54", "end": "00:02:59", "text": "I'm not saying last four-year cycle."}, {"start": "00:02:58", "end": "00:03:01", "text": "That's not the way that my analysis"}, {"start": "00:02:59", "end": "00:03:04", "text": "works. That's not the way that my mind"}, {"start": "00:03:01", "end": "00:03:06", "text": "works. I think in macroeconomic cycles."}, {"start": "00:03:04", "end": "00:03:08", "text": "That is the expansion and the"}, {"start": "00:03:06", "end": "00:03:11", "text": "contraction of the business cycles. And"}, {"start": "00:03:08", "end": "00:03:13", "text": "with that, we have another story kind of"}, {"start": "00:03:11", "end": "00:03:15", "text": "intertwined there. And that is liquidity"}, {"start": "00:03:13", "end": "00:03:19", "text": "extraction. There's there's the first"}, {"start": "00:03:15", "end": "00:03:21", "text": "ever QT. Here's the second ever QT. So,"}, {"start": "00:03:19", "end": "00:03:22", "text": "with that being said, this becomes"}, {"start": "00:03:21", "end": "00:03:24", "text": "incredibly compelling on the Bitcoin"}, {"start": "00:03:22", "end": "00:03:27", "text": "dominance chart when we're thinking in"}, {"start": "00:03:24", "end": "00:03:29", "text": "terms of bare markets and bull markets."}, {"start": "00:03:27", "end": "00:03:32", "text": "And what we have setting up right now on"}, {"start": "00:03:29", "end": "00:03:34", "text": "the Bitcoin dominance chart is literally"}, {"start": "00:03:32", "end": "00:03:37", "text": "almost the identical setup that we had"}, {"start": "00:03:34", "end": "00:03:40", "text": "that kickstarted the exact last crypto"}, {"start": "00:03:37", "end": "00:03:44", "text": "bull market at the end of 2020. It is"}, {"start": "00:03:40", "end": "00:03:47", "text": "happening basically in Q4 of 2026 right"}, {"start": "00:03:44", "end": "00:03:50", "text": "now. So what this means is we have kind"}, {"start": "00:03:47", "end": "00:03:53", "text": "of the story playing out right QT back"}, {"start": "00:03:50", "end": "00:03:56", "text": "here right and that brought into this"}, {"start": "00:03:53", "end": "00:03:57", "text": "contraction of the business cycle then"}, {"start": "00:03:56", "end": "00:03:59", "text": "we have and this is illustrated on the"}, {"start": "00:03:57", "end": "00:04:01", "text": "Bitcoin dominance chart I talk about it"}, {"start": "00:03:59", "end": "00:04:03", "text": "all the time on regular charts here's"}, {"start": "00:04:01", "end": "00:04:06", "text": "what it looks like on dominance chart"}, {"start": "00:04:03", "end": "00:04:09", "text": "but after that after QT ended in the end"}, {"start": "00:04:06", "end": "00:04:10", "text": "of July of 2019 we went into a"}, {"start": "00:04:09", "end": "00:04:13", "text": "normalization phase and this is what"}, {"start": "00:04:10", "end": "00:04:16", "text": "Bitcoin dominance looked like in that"}, {"start": "00:04:13", "end": "00:04:19", "text": "normalization phase this a postQT"}, {"start": "00:04:16", "end": "00:04:20", "text": "normalization phase. Crypto was dipping."}, {"start": "00:04:19", "end": "00:04:24", "text": "If you open up a lot of those crypto"}, {"start": "00:04:20", "end": "00:04:27", "text": "charts in that phase. Now, what we have"}, {"start": "00:04:24", "end": "00:04:28", "text": "on the Bitcoin dominance chart is all of"}, {"start": "00:04:27", "end": "00:04:32", "text": "a sudden we're going into expansion"}, {"start": "00:04:28", "end": "00:04:34", "text": "here, right on this ISM PMI and then we"}, {"start": "00:04:32", "end": "00:04:36", "text": "have just this breakout of Bitcoin"}, {"start": "00:04:34", "end": "00:04:38", "text": "dominance happening with the beginning"}, {"start": "00:04:36", "end": "00:04:40", "text": "of that expansion. This is literally"}, {"start": "00:04:38", "end": "00:04:43", "text": "where we are right now. we have this"}, {"start": "00:04:40", "end": "00:04:45", "text": "turn of the business cycle and Bitcoin"}, {"start": "00:04:43", "end": "00:04:47", "text": "dominance right now looks like it wants"}, {"start": "00:04:45", "end": "00:04:49", "text": "to just break out. This becomes"}, {"start": "00:04:47", "end": "00:04:51", "text": "interesting to me because if I go back"}, {"start": "00:04:49", "end": "00:04:52", "text": "and I actually look in our intelligence"}, {"start": "00:04:51", "end": "00:04:54", "text": "system, we have our brand new"}, {"start": "00:04:52", "end": "00:04:57", "text": "proprietary business cycle index. This"}, {"start": "00:04:54", "end": "00:04:59", "text": "is what the index looks like. This kind"}, {"start": "00:04:57", "end": "00:05:02", "text": "of trigger of expansion in September"}, {"start": "00:04:59", "end": "00:05:06", "text": "2020. It was the first expansion trigger"}, {"start": "00:05:02", "end": "00:05:08", "text": "that we got in September 2020. We just"}, {"start": "00:05:06", "end": "00:05:10", "text": "for the first time since that 2020"}, {"start": "00:05:08", "end": "00:05:13", "text": "indicator went off into expansion. We"}, {"start": "00:05:10", "end": "00:05:16", "text": "just got the first similar expansion"}, {"start": "00:05:13", "end": "00:05:19", "text": "into a new expansion cycle. Right? This"}, {"start": "00:05:16", "end": "00:05:21", "text": "just happened in September of 2026. So"}, {"start": "00:05:19", "end": "00:05:23", "text": "the last time we got this exact"}, {"start": "00:05:21", "end": "00:05:26", "text": "indicator that we just printed in"}, {"start": "00:05:23", "end": "00:05:29", "text": "September 2026,"}, {"start": "00:05:26", "end": "00:05:32", "text": "it was back here in September 2020. And"}, {"start": "00:05:29", "end": "00:05:35", "text": "at the exact same moment, right, you can"}, {"start": "00:05:32", "end": "00:05:37", "text": "see this was coming out of contraction,"}, {"start": "00:05:35", "end": "00:05:39", "text": "this red contraction phase into that"}, {"start": "00:05:37", "end": "00:05:41", "text": "expansion. After just like 50 months or"}, {"start": "00:05:39", "end": "00:05:44", "text": "so, we're coming out of this ex"}, {"start": "00:05:41", "end": "00:05:46", "text": "contraction. And at the same exact time"}, {"start": "00:05:44", "end": "00:05:48", "text": "on the Bitcoin dominance chart, look"}, {"start": "00:05:46", "end": "00:05:51", "text": "what was happening, right? So, right"}, {"start": "00:05:48", "end": "00:05:52", "text": "here, September 2020, Bitcoin dominance"}, {"start": "00:05:51", "end": "00:05:56", "text": "getting ready to break out to the"}, {"start": "00:05:52", "end": "00:05:58", "text": "upside. If you remember, if you go to,"}, {"start": "00:05:56", "end": "00:06:01", "text": "you know, a Bitcoin chart, we can go to"}, {"start": "00:05:58", "end": "00:06:03", "text": "a zoomed out weekly Bitcoin chart. If"}, {"start": "00:06:01", "end": "00:06:05", "text": "you just go back to September and"}, {"start": "00:06:03", "end": "00:06:08", "text": "October 2020, this is what Bitcoin chart"}, {"start": "00:06:05", "end": "00:06:10", "text": "looked like. Everybody, do you see how"}, {"start": "00:06:08", "end": "00:06:12", "text": "this macroeconomic story is coming"}, {"start": "00:06:10", "end": "00:06:14", "text": "together? It's not a four-year cycle"}, {"start": "00:06:12", "end": "00:06:18", "text": "story. Look at this quantitative"}, {"start": "00:06:14", "end": "00:06:22", "text": "tightening, postQT dip going into"}, {"start": "00:06:18", "end": "00:06:24", "text": "expansion, September, October 2020. And"}, {"start": "00:06:22", "end": "00:06:28", "text": "here we are right now quantitative"}, {"start": "00:06:24", "end": "00:06:32", "text": "tightening postQT dip going into PMI"}, {"start": "00:06:28", "end": "00:06:36", "text": "cycle expansion not 2020 but September"}, {"start": "00:06:32", "end": "00:06:38", "text": "2026 October 2026"}, {"start": "00:06:36", "end": "00:06:40", "text": "and look at the structure even of the"}, {"start": "00:06:38", "end": "00:06:41", "text": "chart. So with all of that being said"}, {"start": "00:06:40", "end": "00:06:43", "text": "there's this kind of trend line we're"}, {"start": "00:06:41", "end": "00:06:45", "text": "waiting to break above. Here's a trend"}, {"start": "00:06:43", "end": "00:06:47", "text": "line we're waiting to break above. With"}, {"start": "00:06:45", "end": "00:06:49", "text": "all that being said all in here there"}, {"start": "00:06:47", "end": "00:06:51", "text": "was volatility right? You can see"}, {"start": "00:06:49", "end": "00:06:54", "text": "Bitcoin at the time revisiting the"}, {"start": "00:06:51", "end": "00:06:56", "text": "20week moving average down here. And at"}, {"start": "00:06:54", "end": "00:06:58", "text": "the time that was $10,000. Right now we"}, {"start": "00:06:56", "end": "00:07:02", "text": "have a 20week moving average is down"}, {"start": "00:06:58", "end": "00:07:05", "text": "here around $71,000. It's in play as we"}, {"start": "00:07:02", "end": "00:07:07", "text": "are in this macro shift that is"}, {"start": "00:07:05", "end": "00:07:09", "text": "historically on this chart leading us"}, {"start": "00:07:07", "end": "00:07:11", "text": "into a bull market. That's where we are"}, {"start": "00:07:09", "end": "00:07:14", "text": "right now everybody. And so I'm I'm"}, {"start": "00:07:11", "end": "00:07:17", "text": "trying to present to you like incredibly"}, {"start": "00:07:14", "end": "00:07:20", "text": "detailed data from a macroeconomic"}, {"start": "00:07:17", "end": "00:07:23", "text": "perspective. I'm bringing into play our"}, {"start": "00:07:20", "end": "00:07:25", "text": "business cycle index right just what it"}, {"start": "00:07:23", "end": "00:07:28", "text": "what's happening with manufacturing in"}, {"start": "00:07:25", "end": "00:07:30", "text": "the US what's happening with contraction"}, {"start": "00:07:28", "end": "00:07:32", "text": "and expansion of these cycles I'm also"}, {"start": "00:07:30", "end": "00:07:34", "text": "trying to inter intertwine into here the"}, {"start": "00:07:32", "end": "00:07:36", "text": "story of the tightening phases that we"}, {"start": "00:07:34", "end": "00:07:39", "text": "go through and then the normalization"}, {"start": "00:07:36", "end": "00:07:42", "text": "that we have to go through out of that"}, {"start": "00:07:39", "end": "00:07:44", "text": "and how that all leads into"}, {"start": "00:07:42", "end": "00:07:47", "text": "just how Bitcoin and crypto trades right"}, {"start": "00:07:44", "end": "00:07:49", "text": "and so last cycle Bitcoin dominance got"}, {"start": "00:07:47", "end": "00:07:51", "text": "an explosive ive move to the upside and"}, {"start": "00:07:49", "end": "00:07:54", "text": "that was in you know basically"}, {"start": "00:07:51", "end": "00:07:57", "text": "September, October, November into"}, {"start": "00:07:54", "end": "00:07:59", "text": "December and then boom allcoin season"}, {"start": "00:07:57", "end": "00:08:02", "text": "hits right after that move. This is"}, {"start": "00:07:59", "end": "00:08:03", "text": "identically where we are right now."}, {"start": "00:08:02", "end": "00:08:05", "text": "Bitcoin dominance I don't know if it's"}, {"start": "00:08:03", "end": "00:08:07", "text": "going to make the exact move but this is"}, {"start": "00:08:05", "end": "00:08:09", "text": "where we are in the macroeconomic cycle."}, {"start": "00:08:07", "end": "00:08:11", "text": "Maybe Bitcoin dominance tests this"}, {"start": "00:08:09", "end": "00:08:14", "text": "previous high back here 65% a move to"}, {"start": "00:08:11", "end": "00:08:16", "text": "that area over the next one two months"}, {"start": "00:08:14", "end": "00:08:18", "text": "and then all of a sudden we get"}, {"start": "00:08:16", "end": "00:08:20", "text": "continuation of the business cycle which"}, {"start": "00:08:18", "end": "00:08:23", "text": "leads to the altcoin boom this is what"}, {"start": "00:08:20", "end": "00:08:25", "text": "led to the altcoin boom last cycle we"}, {"start": "00:08:23", "end": "00:08:28", "text": "get to continuation the productivity"}, {"start": "00:08:25", "end": "00:08:30", "text": "boom dominance Bitcoin dominance tops"}, {"start": "00:08:28", "end": "00:08:32", "text": "out and boom altcoins start breaking out"}, {"start": "00:08:30", "end": "00:08:35", "text": "and altcoin dominance starts going crazy"}, {"start": "00:08:32", "end": "00:08:37", "text": "similar to last cycle you can notice"}, {"start": "00:08:35", "end": "00:08:39", "text": "this is not a four-year cycle thing."}, {"start": "00:08:37", "end": "00:08:41", "text": "This is a macroeconomic thing and a"}, {"start": "00:08:39", "end": "00:08:43", "text": "liquidity thing. And this is what every"}, {"start": "00:08:41", "end": "00:08:45", "text": "other asset class follows. And in my"}, {"start": "00:08:43", "end": "00:08:48", "text": "opinion, as I've been saying all year"}, {"start": "00:08:45", "end": "00:08:50", "text": "long, this is precisely and exactly what"}, {"start": "00:08:48", "end": "00:08:51", "text": "Bitcoin and crypto are doing. So yeah,"}, {"start": "00:08:50", "end": "00:08:53", "text": "Bitcoin is dipping right now on the"}, {"start": "00:08:51", "end": "00:08:55", "text": "daily chart. This is what it looks like."}, {"start": "00:08:53", "end": "00:08:58", "text": "But this is exactly and almost"}, {"start": "00:08:55", "end": "00:09:01", "text": "identically what happened in 2020 before"}, {"start": "00:08:58", "end": "00:09:04", "text": "the crypto bull market. So we could see"}, {"start": "00:09:01", "end": "00:09:07", "text": "Bitcoin range down to the lower 70s. It"}, {"start": "00:09:04", "end": "00:09:09", "text": "would be a normal normal move presented"}, {"start": "00:09:07", "end": "00:09:11", "text": "both on this daily chart as well as"}, {"start": "00:09:09", "end": "00:09:13", "text": "presented on this weekly chart right"}, {"start": "00:09:11", "end": "00:09:15", "text": "here, the 20week moving average towards"}, {"start": "00:09:13", "end": "00:09:18", "text": "the lower 70s. And it would be an"}, {"start": "00:09:15", "end": "00:09:21", "text": "identical move to what happened in 2020"}, {"start": "00:09:18", "end": "00:09:23", "text": "right before the bull market. And so I"}, {"start": "00:09:21", "end": "00:09:24", "text": "just want to present that to you today"}, {"start": "00:09:23", "end": "00:09:26", "text": "everybody. That's that's really all I"}, {"start": "00:09:24", "end": "00:09:29", "text": "wanted to bring to you in terms of price"}, {"start": "00:09:26", "end": "00:09:31", "text": "action on Bitcoin. I've noted the 200"}, {"start": "00:09:29", "end": "00:09:32", "text": "day down here in the 70s. Right now,"}, {"start": "00:09:31", "end": "00:09:35", "text": "we're actually seeing some short-term"}, {"start": "00:09:32", "end": "00:09:38", "text": "support at the 50-day moving average."}, {"start": "00:09:35", "end": "00:09:40", "text": "It's right around 80 81,000. I'm not so"}, {"start": "00:09:38", "end": "00:09:42", "text": "sure that's going to hold. I mean, right"}, {"start": "00:09:40", "end": "00:09:44", "text": "now, we have the structure that is"}, {"start": "00:09:42", "end": "00:09:46", "text": "setting up on Bitcoin. We might have a"}, {"start": "00:09:44", "end": "00:09:48", "text": "very shallow right shoulder, right? And"}, {"start": "00:09:46", "end": "00:09:51", "text": "maybe we get a a a retest of this"}, {"start": "00:09:48", "end": "00:09:53", "text": "neckline area like 88,000. We get a"}, {"start": "00:09:51", "end": "00:09:56", "text": "breakout. We have an inverse head and"}, {"start": "00:09:53", "end": "00:09:58", "text": "shoulders pattern formed. That might not"}, {"start": "00:09:56", "end": "00:10:00", "text": "happen. That is to say, the shallow"}, {"start": "00:09:58", "end": "00:10:02", "text": "right shoulder, right? We might get more"}, {"start": "00:10:00", "end": "00:10:05", "text": "downside. We might have to come test"}, {"start": "00:10:02", "end": "00:10:07", "text": "this swing low down here, 75,000. Maybe"}, {"start": "00:10:05", "end": "00:10:09", "text": "Bitcoin sees some support in that area,"}, {"start": "00:10:07", "end": "00:10:10", "text": "right? And then we're actually starting"}, {"start": "00:10:09", "end": "00:10:11", "text": "to put in the right shoulder in that"}, {"start": "00:10:10", "end": "00:10:15", "text": "way. Still pretty shallow right"}, {"start": "00:10:11", "end": "00:10:18", "text": "shoulder. Or maybe the rest of October"}, {"start": "00:10:15", "end": "00:10:21", "text": "is ugly. Bitcoin just keeps falling."}, {"start": "00:10:18", "end": "00:10:23", "text": "We're the lower 70s. I mean, it seems"}, {"start": "00:10:21", "end": "00:10:26", "text": "people are kind of freaking out about"}, {"start": "00:10:23", "end": "00:10:29", "text": "this move. This is nothing. this move."}, {"start": "00:10:26", "end": "00:10:32", "text": "There's such a normal move in play for"}, {"start": "00:10:29", "end": "00:10:33", "text": "Bitcoin to re to revisit the lower 70s."}, {"start": "00:10:32", "end": "00:10:35", "text": "I just imagine people will be freaking"}, {"start": "00:10:33", "end": "00:10:37", "text": "out. The question I have is as we look"}, {"start": "00:10:35", "end": "00:10:38", "text": "at this Bitcoin dominance chart in this"}, {"start": "00:10:37", "end": "00:10:40", "text": "video, what does Bitcoin dominance do in"}, {"start": "00:10:38", "end": "00:10:42", "text": "that environment? Are all coins going to"}, {"start": "00:10:40", "end": "00:10:44", "text": "kind of bail a little bit on the short"}, {"start": "00:10:42", "end": "00:10:46", "text": "term against Bitcoin dominance or"}, {"start": "00:10:44", "end": "00:10:50", "text": "against Bitcoin allowing Bitcoin"}, {"start": "00:10:46", "end": "00:10:51", "text": "dominance to make this move 61% 62%"}, {"start": "00:10:50", "end": "00:10:52", "text": "right? because that's what we're looking"}, {"start": "00:10:51", "end": "00:10:54", "text": "for, a potential breakout of Bitcoin"}, {"start": "00:10:52", "end": "00:10:57", "text": "dominance before the real bull market"}, {"start": "00:10:54", "end": "00:11:00", "text": "starts. So, there's a lot of things"}, {"start": "00:10:57", "end": "00:11:03", "text": "going on right now. CPI data came out."}, {"start": "00:11:00", "end": "00:11:05", "text": "Crypto not not too big of a fan of that,"}, {"start": "00:11:03", "end": "00:11:07", "text": "but we have to continue monitoring not"}, {"start": "00:11:05", "end": "00:11:09", "text": "just these short-term prints, but really"}, {"start": "00:11:07", "end": "00:11:10", "text": "the macro environment and what is going"}, {"start": "00:11:09", "end": "00:11:12", "text": "on. And I think we are in the middle of"}, {"start": "00:11:10", "end": "00:11:14", "text": "a productivity boom, even if it's"}, {"start": "00:11:12", "end": "00:11:16", "text": "stifled. And here's PMI. Even if it is"}, {"start": "00:11:14", "end": "00:11:19", "text": "stifled, right? Even if we kind of come"}, {"start": "00:11:16", "end": "00:11:22", "text": "back down on the PMI, we we print PMI"}, {"start": "00:11:19", "end": "00:11:23", "text": "lower. I just think we're we're at the"}, {"start": "00:11:22", "end": "00:11:26", "text": "very beginning stage of a productivity"}, {"start": "00:11:23", "end": "00:11:28", "text": "boom and it has not ended. It is just"}, {"start": "00:11:26", "end": "00:11:29", "text": "starting. So, we'll see how crypto"}, {"start": "00:11:28", "end": "00:11:33", "text": "tracks with that. I just know across"}, {"start": "00:11:29", "end": "00:11:36", "text": "these cycles, crypto likes to be in"}, {"start": "00:11:33", "end": "00:11:39", "text": "those environments. Expansion, bull"}, {"start": "00:11:36", "end": "00:11:40", "text": "market, expansion, bull market. And this"}, {"start": "00:11:39", "end": "00:11:43", "text": "is where we are right now getting ready"}, {"start": "00:11:40", "end": "00:11:47", "text": "for expansion and in my opinion, a bull"}, {"start": "00:11:43", "end": "00:11:49", "text": "market. How that goes, nobody knows, but"}, {"start": "00:11:47", "end": "00:11:50", "text": "this is what I'm tracking with you. I"}, {"start": "00:11:49", "end": "00:11:52", "text": "hope you got some value from this video."}, {"start": "00:11:50", "end": "00:11:53", "text": "If you did, please hit the subscribe,"}, {"start": "00:11:52", "end": "00:11:55", "text": "hit that like. It helps the channel a"}, {"start": "00:11:53", "end": "00:11:56", "text": "lot. I really appreciate each and every"}, {"start": "00:11:55", "end": "00:11:59", "text": "one of you. I'll see you in the next"}, {"start": "00:11:56", "end": "00:11:59", "text": "video. God bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Ethereum currently at short-term"}, {"start": "00:00:02", "end": "00:00:05", "text": "support. Such a solid indicator for"}, {"start": "00:00:03", "end": "00:00:08", "text": "altcoins in this cycle. But what if I"}, {"start": "00:00:05", "end": "00:00:12", "text": "told you that this short-term support, a"}, {"start": "00:00:08", "end": "00:00:14", "text": "3% range for Ethereum, has bull and bare"}, {"start": "00:00:12", "end": "00:00:17", "text": "market cycle significance that goes back"}, {"start": "00:00:14", "end": "00:00:19", "text": "to 2022. That's what I want to break"}, {"start": "00:00:17", "end": "00:00:21", "text": "down for you in this video as we kind of"}, {"start": "00:00:19", "end": "00:00:23", "text": "evaluate if support will hold or not and"}, {"start": "00:00:21", "end": "00:00:26", "text": "we fall deeper into this really"}, {"start": "00:00:23", "end": "00:00:28", "text": "opportunity zone, this accumulation zone"}, {"start": "00:00:26", "end": "00:00:30", "text": "for altcoins. What I'm going to do first"}, {"start": "00:00:28", "end": "00:00:32", "text": "though is I want to show you this video."}, {"start": "00:00:30", "end": "00:00:34", "text": "This is from September 27th. This is the"}, {"start": "00:00:32", "end": "00:00:36", "text": "setup that we are in right now. And this"}, {"start": "00:00:34", "end": "00:00:37", "text": "will translate across this entire"}, {"start": "00:00:36", "end": "00:00:39", "text": "10-minute technical analysis video."}, {"start": "00:00:37", "end": "00:00:41", "text": "Check it out after what we just went"}, {"start": "00:00:39", "end": "00:00:42", "text": "through. But even if it was the"}, {"start": "00:00:41", "end": "00:00:44", "text": "beginning, and we're actually going to"}, {"start": "00:00:42", "end": "00:00:47", "text": "see an actual bull cycle, a super cycle"}, {"start": "00:00:44", "end": "00:00:49", "text": "even, as Vlad might say."}, {"start": "00:00:47", "end": "00:00:53", "text": "This is Ethereum painting a different"}, {"start": "00:00:49", "end": "00:00:55", "text": "picture, almost a bearish picture. Look"}, {"start": "00:00:53", "end": "00:01:00", "text": "at the Ethereum bearish divergence."}, {"start": "00:00:55", "end": "00:01:03", "text": "Lower high on this RSI and we have"}, {"start": "00:01:00", "end": "00:01:05", "text": "higher high on the price chart. So, we"}, {"start": "00:01:03", "end": "00:01:07", "text": "had some bearish divergence. This was"}, {"start": "00:01:05", "end": "00:01:09", "text": "September 27th and right now it's"}, {"start": "00:01:07", "end": "00:01:11", "text": "October 13th. So, it's taken some time"}, {"start": "00:01:09", "end": "00:01:12", "text": "and the dip has started to transpire and"}, {"start": "00:01:11", "end": "00:01:15", "text": "we're in it now. This is what we're"}, {"start": "00:01:12", "end": "00:01:16", "text": "evaluating. In that video, I think we"}, {"start": "00:01:15", "end": "00:01:18", "text": "were looking at kind of this lower range"}, {"start": "00:01:16", "end": "00:01:20", "text": "at the 200 day moving average. We're"}, {"start": "00:01:18", "end": "00:01:22", "text": "going to talk about more like that range"}, {"start": "00:01:20", "end": "00:01:25", "text": "in this video, but the whole point is"}, {"start": "00:01:22", "end": "00:01:27", "text": "this. With this current short-term"}, {"start": "00:01:25", "end": "00:01:29", "text": "support for Ethereum, if Ethereum"}, {"start": "00:01:27", "end": "00:01:31", "text": "escapes to the upside of this area, this"}, {"start": "00:01:29", "end": "00:01:34", "text": "has incredible consequences, I would"}, {"start": "00:01:31", "end": "00:01:35", "text": "say, for altcoins at this part of the"}, {"start": "00:01:34", "end": "00:01:37", "text": "cycle. What I first want to do is I want"}, {"start": "00:01:35", "end": "00:01:38", "text": "to start with Bitcoin and Bitcoin's"}, {"start": "00:01:37", "end": "00:01:41", "text": "price action because on the Bitcoin"}, {"start": "00:01:38", "end": "00:01:43", "text": "daily chart, there is a very nice clue"}, {"start": "00:01:41", "end": "00:01:45", "text": "in terms of momentum. Everybody, real"}, {"start": "00:01:43", "end": "00:01:46", "text": "quick, we're partnered with Coinbase"}, {"start": "00:01:45", "end": "00:01:48", "text": "right now. We've got something new for"}, {"start": "00:01:46", "end": "00:01:51", "text": "the CCV community. Even if you have an"}, {"start": "00:01:48", "end": "00:01:53", "text": "active Coinbase account, click the link"}, {"start": "00:01:51", "end": "00:01:55", "text": "below, get set up under me and get"}, {"start": "00:01:53", "end": "00:01:59", "text": "access to our community offer which"}, {"start": "00:01:55", "end": "00:02:01", "text": "includes 80% off spot trading fees. So,"}, {"start": "00:01:59", "end": "00:02:03", "text": "even if you have a Coinbase account,"}, {"start": "00:02:01", "end": "00:02:05", "text": "click my link below and activate rewards"}, {"start": "00:02:03", "end": "00:02:08", "text": "via that link. And if you're new to"}, {"start": "00:02:05", "end": "00:02:11", "text": "Coinbase, there's up to 250 USDC in"}, {"start": "00:02:08", "end": "00:02:13", "text": "rewards starting with 25 USDC for"}, {"start": "00:02:11", "end": "00:02:15", "text": "completing ID verification. This is"}, {"start": "00:02:13", "end": "00:02:17", "text": "withdrawable rewards, too, everybody."}, {"start": "00:02:15", "end": "00:02:20", "text": "So, click the Coinbase link below, hit"}, {"start": "00:02:17", "end": "00:02:21", "text": "activate rewards, and follow the steps"}, {"start": "00:02:20", "end": "00:02:22", "text": "to get started. Everybody, make sure you"}, {"start": "00:02:21", "end": "00:02:24", "text": "do click the link below and activate"}, {"start": "00:02:22", "end": "00:02:26", "text": "those Coinbase rewards. It's such a good"}, {"start": "00:02:24", "end": "00:02:29", "text": "deal. But this is Bitcoin on the daily"}, {"start": "00:02:26", "end": "00:02:31", "text": "chart. The hints, the clues that we're"}, {"start": "00:02:29", "end": "00:02:33", "text": "getting from a momentum perspective,"}, {"start": "00:02:31", "end": "00:02:34", "text": "it's here. I just wanted to go over this"}, {"start": "00:02:33", "end": "00:02:36", "text": "really briefly and then we're going to"}, {"start": "00:02:34", "end": "00:02:38", "text": "get into the Ethereum and really altcoin"}, {"start": "00:02:36", "end": "00:02:40", "text": "charts. I saw something on Stellar. It's"}, {"start": "00:02:38", "end": "00:02:42", "text": "so random. This isn't like a coin of"}, {"start": "00:02:40", "end": "00:02:45", "text": "mine, but I just want to show you this"}, {"start": "00:02:42", "end": "00:02:46", "text": "in Coinbase what I just spotted. And I"}, {"start": "00:02:45", "end": "00:02:48", "text": "think it's really important for every"}, {"start": "00:02:46", "end": "00:02:51", "text": "altcoin holder out there. This is uh the"}, {"start": "00:02:48", "end": "00:02:53", "text": "daily chart on Bitcoin. The thing I just"}, {"start": "00:02:51", "end": "00:02:56", "text": "want to point to your attention is, you"}, {"start": "00:02:53", "end": "00:02:59", "text": "know, when Bitcoin is especially say"}, {"start": "00:02:56", "end": "00:03:00", "text": "exiting just a year-long bare downtrend,"}, {"start": "00:02:59", "end": "00:03:03", "text": "right? And we're flipping into bull"}, {"start": "00:03:00", "end": "00:03:05", "text": "trend. There's going to be so much"}, {"start": "00:03:03", "end": "00:03:06", "text": "different structure. Every higher high"}, {"start": "00:03:05", "end": "00:03:08", "text": "and higher low will look different,"}, {"start": "00:03:06", "end": "00:03:11", "text": "right? In terms of what the pullbacks"}, {"start": "00:03:08", "end": "00:03:13", "text": "look like, more steady, you know, more"}, {"start": "00:03:11", "end": "00:03:16", "text": "volatile to the downside. But what"}, {"start": "00:03:13", "end": "00:03:18", "text": "becomes so helpful is the momentum. The"}, {"start": "00:03:16", "end": "00:03:20", "text": "momentum oscillator which is the RSI on"}, {"start": "00:03:18", "end": "00:03:22", "text": "the daily. It's a slower moving momentum"}, {"start": "00:03:20", "end": "00:03:24", "text": "oscillator. It gives us a sense of man"}, {"start": "00:03:22", "end": "00:03:26", "text": "when we are in this consolidation"}, {"start": "00:03:24", "end": "00:03:28", "text": "whether it's sideways whether it's down"}, {"start": "00:03:26", "end": "00:03:32", "text": "it gives us a sense of when will that"}, {"start": "00:03:28", "end": "00:03:34", "text": "consolidation flip right and so what"}, {"start": "00:03:32", "end": "00:03:37", "text": "Bitcoin does on the daily chart is it"}, {"start": "00:03:34", "end": "00:03:38", "text": "kind of puts in lower highs when it's"}, {"start": "00:03:37", "end": "00:03:41", "text": "consolidating. And you can see this,"}, {"start": "00:03:38", "end": "00:03:45", "text": "this is on the daily chart, January"}, {"start": "00:03:41", "end": "00:03:47", "text": "23rd, right? Or I'm sorry, January 21st"}, {"start": "00:03:45", "end": "00:03:50", "text": "all the way to the breakout of March"}, {"start": "00:03:47", "end": "00:03:53", "text": "12th. So this is like months of just"}, {"start": "00:03:50", "end": "00:03:55", "text": "consolidation. But that moment we get"}, {"start": "00:03:53", "end": "00:03:57", "text": "that breakout of this trend line, that's"}, {"start": "00:03:55", "end": "00:03:59", "text": "that's something to pay attention to,"}, {"start": "00:03:57", "end": "00:04:00", "text": "right? And this just keeps happening on"}, {"start": "00:03:59", "end": "00:04:02", "text": "the daily chart. You can just see it and"}, {"start": "00:04:00", "end": "00:04:05", "text": "you can go back through cycles on this"}, {"start": "00:04:02", "end": "00:04:08", "text": "daily chart and just continue to to"}, {"start": "00:04:05", "end": "00:04:11", "text": "chart these trend lines that lead from"}, {"start": "00:04:08", "end": "00:04:13", "text": "or that lead out of consolidation into"}, {"start": "00:04:11", "end": "00:04:14", "text": "the next breakout. The reason I'm"}, {"start": "00:04:13", "end": "00:04:16", "text": "bringing it up is because this again"}, {"start": "00:04:14", "end": "00:04:17", "text": "this happens time and time again. The"}, {"start": "00:04:16", "end": "00:04:19", "text": "reason I'm bringing it up is because"}, {"start": "00:04:17", "end": "00:04:21", "text": "this is where we are right now. We're in"}, {"start": "00:04:19", "end": "00:04:23", "text": "a consolidation range on the daily chart"}, {"start": "00:04:21", "end": "00:04:24", "text": "as Bitcoin is trying to figure out is"}, {"start": "00:04:23", "end": "00:04:27", "text": "there going to be support at the 50-day,"}, {"start": "00:04:24", "end": "00:04:29", "text": "right? Is is there going to be the"}, {"start": "00:04:27", "end": "00:04:32", "text": "support at the 200 day? Are we going to"}, {"start": "00:04:29", "end": "00:04:34", "text": "break to the upside above the 20-day"}, {"start": "00:04:32", "end": "00:04:36", "text": "moving average in green? And if you look"}, {"start": "00:04:34", "end": "00:04:37", "text": "at this, that's what we're waiting for."}, {"start": "00:04:36", "end": "00:04:40", "text": "If Bitcoin breaks above this blue trend"}, {"start": "00:04:37", "end": "00:04:44", "text": "line, this RSI consolidation since"}, {"start": "00:04:40", "end": "00:04:45", "text": "August 21st, right? And and at the same"}, {"start": "00:04:44", "end": "00:04:48", "text": "time, simultaneously breaking above the"}, {"start": "00:04:45", "end": "00:04:51", "text": "20-day moving average, which is like not"}, {"start": "00:04:48", "end": "00:04:53", "text": "far away. I think it's 84 $85,000."}, {"start": "00:04:51", "end": "00:04:55", "text": "That is something to watch for if both"}, {"start": "00:04:53", "end": "00:04:57", "text": "of those things are happening on this"}, {"start": "00:04:55", "end": "00:04:59", "text": "chart because this could mean Bitcoin is"}, {"start": "00:04:57", "end": "00:05:02", "text": "actually on its way to its new high like"}, {"start": "00:04:59", "end": "00:05:04", "text": "new short-term highs. So making its way"}, {"start": "00:05:02", "end": "00:05:06", "text": "into the 90,000s, maybe even testing"}, {"start": "00:05:04", "end": "00:05:07", "text": "100,000. So this is a really fun chart"}, {"start": "00:05:06", "end": "00:05:10", "text": "to watch if you're kind of somebody"}, {"start": "00:05:07", "end": "00:05:12", "text": "that's watching this on the short term"}, {"start": "00:05:10", "end": "00:05:15", "text": "um because you get kind of a"}, {"start": "00:05:12", "end": "00:05:17", "text": "confirmation of bears versus bulls in in"}, {"start": "00:05:15", "end": "00:05:19", "text": "this regard. So that's something I'll be"}, {"start": "00:05:17", "end": "00:05:20", "text": "watching on Bitcoin and and I think it's"}, {"start": "00:05:19", "end": "00:05:22", "text": "significant when we start looking at"}, {"start": "00:05:20", "end": "00:05:24", "text": "something like Ethereum and altcoins"}, {"start": "00:05:22", "end": "00:05:26", "text": "because we're waiting for Ethereum to do"}, {"start": "00:05:24", "end": "00:05:28", "text": "its thing. So first off, we know the"}, {"start": "00:05:26", "end": "00:05:30", "text": "next target out of this support area."}, {"start": "00:05:28", "end": "00:05:33", "text": "And by the way, that support area is a"}, {"start": "00:05:30", "end": "00:05:35", "text": "Fibonacci. It's this swing low here to"}, {"start": "00:05:33", "end": "00:05:36", "text": "the swing high that we recently had. And"}, {"start": "00:05:35", "end": "00:05:39", "text": "it's this red range. Basically, it's a"}, {"start": "00:05:36", "end": "00:05:41", "text": "618 to 786 pullback area. We've"}, {"start": "00:05:39", "end": "00:05:44", "text": "discussed this. We've been waiting for"}, {"start": "00:05:41", "end": "00:05:46", "text": "this area. And you can see Ethereum is"}, {"start": "00:05:44", "end": "00:05:48", "text": "consolidating within the area right now."}, {"start": "00:05:46", "end": "00:05:50", "text": "The second area of interest, right,"}, {"start": "00:05:48", "end": "00:05:52", "text": "coming out of really the bearish"}, {"start": "00:05:50", "end": "00:05:54", "text": "divergence that I talked about here in"}, {"start": "00:05:52", "end": "00:05:57", "text": "September 27th, you know, we're we're"}, {"start": "00:05:54", "end": "00:05:59", "text": "plotting a potential 25% dip, right, in"}, {"start": "00:05:57", "end": "00:06:00", "text": "that speculative arrow right there. But"}, {"start": "00:05:59", "end": "00:06:03", "text": "really, if we're looking at it, what"}, {"start": "00:06:00", "end": "00:06:05", "text": "we'd be really spotting is the 200 day"}, {"start": "00:06:03", "end": "00:06:06", "text": "moving average, which is like just above"}, {"start": "00:06:05", "end": "00:06:10", "text": "$2,100."}, {"start": "00:06:06", "end": "00:06:12", "text": "Um, so from where Ethereum is right now,"}, {"start": "00:06:10", "end": "00:06:16", "text": "we're looking at, you know, just"}, {"start": "00:06:12", "end": "00:06:17", "text": "potentially a 15% dip. So this is the"}, {"start": "00:06:16", "end": "00:06:19", "text": "opportunity window I've been discussing,"}, {"start": "00:06:17", "end": "00:06:22", "text": "right? So if you're in Coinbase, once"}, {"start": "00:06:19", "end": "00:06:24", "text": "again, I I discuss this in my videos."}, {"start": "00:06:22", "end": "00:06:26", "text": "Boom. Set your buy limit orders. Boom."}, {"start": "00:06:24", "end": "00:06:28", "text": "If you want to come in here, set a set a"}, {"start": "00:06:26", "end": "00:06:31", "text": "real time limit order just to fill"}, {"start": "00:06:28", "end": "00:06:33", "text": "immediately at current prices where"}, {"start": "00:06:31", "end": "00:06:35", "text": "we're trading, do that, too. I mean,"}, {"start": "00:06:33", "end": "00:06:37", "text": "that's probably what I prefer. But you"}, {"start": "00:06:35", "end": "00:06:38", "text": "can just see this is an opportunity"}, {"start": "00:06:37", "end": "00:06:42", "text": "range. I want to I want to exemplify"}, {"start": "00:06:38", "end": "00:06:45", "text": "this on uh XLM in just a moment. But the"}, {"start": "00:06:42", "end": "00:06:47", "text": "significance going back to 2022 is what"}, {"start": "00:06:45", "end": "00:06:49", "text": "I want to discuss with you for a moment."}, {"start": "00:06:47", "end": "00:06:50", "text": "This area which is such a short-term"}, {"start": "00:06:49", "end": "00:06:52", "text": "Fibonacci that I just plotted, right?"}, {"start": "00:06:50", "end": "00:06:55", "text": "Swing low to swing high. Such a"}, {"start": "00:06:52", "end": "00:06:56", "text": "short-term Fibonacci. And it and"}, {"start": "00:06:55", "end": "00:06:59", "text": "Ethereum grappling with it right now. I"}, {"start": "00:06:56", "end": "00:07:02", "text": "just figured this out, but I was like"}, {"start": "00:06:59", "end": "00:07:03", "text": "obviously right here is the same range"}, {"start": "00:07:02", "end": "00:07:05", "text": "consolidation area, right? it was acting"}, {"start": "00:07:03", "end": "00:07:08", "text": "as resistance and Ethereum broke out"}, {"start": "00:07:05", "end": "00:07:10", "text": "briefly and that's why we almost have"}, {"start": "00:07:08", "end": "00:07:12", "text": "like a an a head and shoulder setup,"}, {"start": "00:07:10", "end": "00:07:14", "text": "right? So, this might actually fail and"}, {"start": "00:07:12", "end": "00:07:18", "text": "we fall into this target range to the"}, {"start": "00:07:14", "end": "00:07:20", "text": "downside. But, I'm like interesting area"}, {"start": "00:07:18", "end": "00:07:26", "text": "interesting range and it's like a 2 to"}, {"start": "00:07:20", "end": "00:07:29", "text": "3% range 2500 to like 20 like 20. It's"}, {"start": "00:07:26", "end": "00:07:32", "text": "like 24 to 2500 really. But you go back"}, {"start": "00:07:29", "end": "00:07:34", "text": "and I notice there's resistance here."}, {"start": "00:07:32", "end": "00:07:36", "text": "April 2026,"}, {"start": "00:07:34", "end": "00:07:39", "text": "boom."}, {"start": "00:07:36", "end": "00:07:42", "text": "Go back even further. This little range"}, {"start": "00:07:39", "end": "00:07:45", "text": "acting as such a consolidation back here"}, {"start": "00:07:42", "end": "00:07:48", "text": "in 2025 in the spring of 2025 into"}, {"start": "00:07:45", "end": "00:07:49", "text": "summer and then we escaped it. And by"}, {"start": "00:07:48", "end": "00:07:52", "text": "the way, I'm about to explain to you why"}, {"start": "00:07:49", "end": "00:07:54", "text": "if it if we can escape it to the upside"}, {"start": "00:07:52", "end": "00:07:56", "text": "this time, it will be different than any"}, {"start": "00:07:54", "end": "00:07:58", "text": "other time I'm showing you here. But"}, {"start": "00:07:56", "end": "00:08:01", "text": "resistance right here at this 2 to 3%"}, {"start": "00:07:58", "end": "00:08:04", "text": "range in 2026, kind of a consolidation"}, {"start": "00:08:01", "end": "00:08:06", "text": "right here in 2025, consolidation right"}, {"start": "00:08:04", "end": "00:08:10", "text": "here. All grappling with this area in"}, {"start": "00:08:06", "end": "00:08:12", "text": "2024. A little bit of a brief resistance"}, {"start": "00:08:10", "end": "00:08:15", "text": "before breaking above it back here in"}, {"start": "00:08:12", "end": "00:08:18", "text": "2024, the beginning of 2024. And then"}, {"start": "00:08:15", "end": "00:08:20", "text": "look at this support area, brief support"}, {"start": "00:08:18", "end": "00:08:21", "text": "2022. You know what makes it so"}, {"start": "00:08:20", "end": "00:08:24", "text": "different? I want to visualize this with"}, {"start": "00:08:21", "end": "00:08:27", "text": "you right now. Look at this move. Boom."}, {"start": "00:08:24", "end": "00:08:29", "text": "falling into this, you know, this bare"}, {"start": "00:08:27", "end": "00:08:31", "text": "move and really the beginning of the"}, {"start": "00:08:29", "end": "00:08:33", "text": "five-year bare market that all coins"}, {"start": "00:08:31", "end": "00:08:34", "text": "have been in all the way back here. You"}, {"start": "00:08:33", "end": "00:08:35", "text": "see this big red rectangle? It's the"}, {"start": "00:08:34", "end": "00:08:39", "text": "beginning of quantitative tightening in"}, {"start": "00:08:35", "end": "00:08:40", "text": "June 2022. That's what differentiates"}, {"start": "00:08:39", "end": "00:08:43", "text": "where we are right now. This is us"}, {"start": "00:08:40", "end": "00:08:46", "text": "falling below this little yellow line,"}, {"start": "00:08:43", "end": "00:08:50", "text": "this little yellow range of 2 to 3%"}, {"start": "00:08:46", "end": "00:08:51", "text": "falling into just a a a multi-year bare"}, {"start": "00:08:50", "end": "00:08:54", "text": "market because of all the liquidity"}, {"start": "00:08:51", "end": "00:08:56", "text": "extra extraction, this tightening cycle"}, {"start": "00:08:54", "end": "00:08:58", "text": "that we fell into. Well, here we are"}, {"start": "00:08:56", "end": "00:08:59", "text": "right now trying to escape it to the"}, {"start": "00:08:58", "end": "00:09:00", "text": "upside. And you know what's different?"}, {"start": "00:08:59", "end": "00:09:03", "text": "If you go into something like our"}, {"start": "00:09:00", "end": "00:09:05", "text": "business cycle index, here's here's what"}, {"start": "00:09:03", "end": "00:09:07", "text": "it looks like. Here's us in 2022 falling"}, {"start": "00:09:05", "end": "00:09:10", "text": "into that contraction period. Let me put"}, {"start": "00:09:07", "end": "00:09:13", "text": "it on the screen. falling into all that."}, {"start": "00:09:10", "end": "00:09:14", "text": "Here's us right now looking to escape"}, {"start": "00:09:13", "end": "00:09:16", "text": "the business cycle. This is a"}, {"start": "00:09:14", "end": "00:09:18", "text": "macroeconomic indicator. This is our"}, {"start": "00:09:16", "end": "00:09:21", "text": "proprietary indicator. It just triggered"}, {"start": "00:09:18", "end": "00:09:25", "text": "expansion for really the first time, you"}, {"start": "00:09:21", "end": "00:09:27", "text": "know, since and entering expansion. The"}, {"start": "00:09:25", "end": "00:09:30", "text": "really the first time entering expansion"}, {"start": "00:09:27", "end": "00:09:32", "text": "since 2020. So that's what's different"}, {"start": "00:09:30", "end": "00:09:35", "text": "and it is really weird and kind of cool"}, {"start": "00:09:32", "end": "00:09:37", "text": "and it's not like the most significant"}, {"start": "00:09:35", "end": "00:09:40", "text": "indicator but it's something that this"}, {"start": "00:09:37", "end": "00:09:43", "text": "little 2 to 3% range could signify"}, {"start": "00:09:40", "end": "00:09:44", "text": "something so big, right? Because we do"}, {"start": "00:09:43", "end": "00:09:46", "text": "have this data point that's going all"}, {"start": "00:09:44", "end": "00:09:49", "text": "the way back here. We're entering"}, {"start": "00:09:46", "end": "00:09:52", "text": "liquidity extraction right now. QT ended"}, {"start": "00:09:49", "end": "00:09:55", "text": "in December. We're exiting QT extraction"}, {"start": "00:09:52", "end": "00:09:57", "text": "or QT and tightening, right? And and"}, {"start": "00:09:55", "end": "00:09:59", "text": "liquidity extraction. We're exiting that"}, {"start": "00:09:57", "end": "00:10:01", "text": "era. And if we can break above this"}, {"start": "00:09:59", "end": "00:10:03", "text": "range and escape all of the"}, {"start": "00:10:01", "end": "00:10:05", "text": "consolidation, because when we look at"}, {"start": "00:10:03", "end": "00:10:07", "text": "Ethereum, when we think about, man, it's"}, {"start": "00:10:05", "end": "00:10:10", "text": "been like a 5year bare market. This"}, {"start": "00:10:07", "end": "00:10:12", "text": "little range of 2 to 3%. It's right in"}, {"start": "00:10:10", "end": "00:10:14", "text": "the middle. This is like where we've"}, {"start": "00:10:12", "end": "00:10:15", "text": "been just consolidating around for all"}, {"start": "00:10:14", "end": "00:10:17", "text": "these years. There's been no bull"}, {"start": "00:10:15", "end": "00:10:19", "text": "market. And if we're about to get the"}, {"start": "00:10:17", "end": "00:10:22", "text": "escape of that range right now, this is"}, {"start": "00:10:19", "end": "00:10:25", "text": "incredibly messy chart. I just think"}, {"start": "00:10:22", "end": "00:10:28", "text": "we're this is the such a clear just"}, {"start": "00:10:25", "end": "00:10:29", "text": "beautiful picture of exiting this"}, {"start": "00:10:28", "end": "00:10:31", "text": "liquidity extraction and going into an"}, {"start": "00:10:29", "end": "00:10:33", "text": "expansion phase. It's not even barely"}, {"start": "00:10:31", "end": "00:10:35", "text": "printing or registering yet on our"}, {"start": "00:10:33", "end": "00:10:38", "text": "indicator. This we just got the first"}, {"start": "00:10:35", "end": "00:10:40", "text": "expansion trigger. So, we're going to"}, {"start": "00:10:38", "end": "00:10:42", "text": "continue monitoring that. But with all"}, {"start": "00:10:40", "end": "00:10:43", "text": "that being said, if Ethereum on the"}, {"start": "00:10:42", "end": "00:10:45", "text": "short term does see resistance, and I"}, {"start": "00:10:43", "end": "00:10:48", "text": "know it's a messy chart, and we do start"}, {"start": "00:10:45", "end": "00:10:50", "text": "falling down, remember 200 day moving"}, {"start": "00:10:48", "end": "00:10:52", "text": "average, $2,100 is in play for Ethereum."}, {"start": "00:10:50", "end": "00:10:55", "text": "It's a big dip. We just looked at it."}, {"start": "00:10:52", "end": "00:10:56", "text": "XLM, I just saw this, and I'm bringing"}, {"start": "00:10:55", "end": "00:11:00", "text": "this up because if you're an altcoin"}, {"start": "00:10:56", "end": "00:11:02", "text": "holder, really start I mean, in in"}, {"start": "00:11:00", "end": "00:11:04", "text": "Coinbase, I've been accumulating on,"}, {"start": "00:11:02", "end": "00:11:06", "text": "right? And I'm I'm potentially waiting"}, {"start": "00:11:04", "end": "00:11:08", "text": "to continue accumulating if this if this"}, {"start": "00:11:06", "end": "00:11:09", "text": "dip really continues to play out. I'm"}, {"start": "00:11:08", "end": "00:11:11", "text": "not fomoing into altcoins right now,"}, {"start": "00:11:09", "end": "00:11:14", "text": "everybody. I'm I've been comfortable in"}, {"start": "00:11:11", "end": "00:11:15", "text": "my altcoin position for months, but I'm"}, {"start": "00:11:14", "end": "00:11:17", "text": "trying to get exposure if we're going to"}, {"start": "00:11:15", "end": "00:11:19", "text": "continue falling into accumulation"}, {"start": "00:11:17", "end": "00:11:21", "text": "ranges. But I saw XLM and there might be"}, {"start": "00:11:19", "end": "00:11:23", "text": "a bunch of charts out there that are"}, {"start": "00:11:21", "end": "00:11:26", "text": "like this. But just look at this. We got"}, {"start": "00:11:23", "end": "00:11:28", "text": "the higher higher higher low on the RSI."}, {"start": "00:11:26", "end": "00:11:30", "text": "While the this is like the first time"}, {"start": "00:11:28", "end": "00:11:33", "text": "ever, this chart is very interesting."}, {"start": "00:11:30", "end": "00:11:36", "text": "Look at the 52 220 moving averages. They"}, {"start": "00:11:33", "end": "00:11:37", "text": "are like almost absolutely confluent"}, {"start": "00:11:36", "end": "00:11:39", "text": "with each other."}, {"start": "00:11:37", "end": "00:11:42", "text": "while we're getting this move on the"}, {"start": "00:11:39", "end": "00:11:44", "text": "RSI. So again, in Coinbase, what you can"}, {"start": "00:11:42", "end": "00:11:45", "text": "do if you're an XLM holder, if you're"}, {"start": "00:11:44", "end": "00:11:47", "text": "interested in something like XLM, I'm"}, {"start": "00:11:45", "end": "00:11:49", "text": "not trying to tell you to go buy this at"}, {"start": "00:11:47", "end": "00:11:51", "text": "all. It's not financial advice, but I"}, {"start": "00:11:49", "end": "00:11:54", "text": "spotted this chart for, you know,"}, {"start": "00:11:51", "end": "00:11:57", "text": "illustration purposes. We are at"}, {"start": "00:11:54", "end": "00:11:59", "text": "the end of an opportunity window, a"}, {"start": "00:11:57", "end": "00:12:02", "text": "multicycle opportunity window, and all"}, {"start": "00:11:59", "end": "00:12:04", "text": "coin charts are lining up like this. So"}, {"start": "00:12:02", "end": "00:12:06", "text": "maybe you want to, you know, get in"}, {"start": "00:12:04", "end": "00:12:08", "text": "here. You want to set a buy limit order,"}, {"start": "00:12:06", "end": "00:12:10", "text": "you know, as if we're going to"}, {"start": "00:12:08", "end": "00:12:12", "text": "consolidate lower to a higher low,"}, {"start": "00:12:10", "end": "00:12:14", "text": "right? We had this 15cent low. Maybe"}, {"start": "00:12:12", "end": "00:12:15", "text": "we're coming down to 16 cent. Maybe you"}, {"start": "00:12:14", "end": "00:12:17", "text": "want to come in here, just place a"}, {"start": "00:12:15", "end": "00:12:19", "text": "market order or a limit order in real"}, {"start": "00:12:17", "end": "00:12:21", "text": "time to fill it right at the support of"}, {"start": "00:12:19", "end": "00:12:22", "text": "this confluence area, confluent area."}, {"start": "00:12:21", "end": "00:12:25", "text": "You can come in here on Coinbase and do"}, {"start": "00:12:22", "end": "00:12:27", "text": "that very simply. But just look at this."}, {"start": "00:12:25", "end": "00:12:31", "text": "last time we had consolidation on the"}, {"start": "00:12:27", "end": "00:12:33", "text": "RSI on XLM explosion to the upside and"}, {"start": "00:12:31", "end": "00:12:35", "text": "then right here coming out of oversold"}, {"start": "00:12:33", "end": "00:12:36", "text": "here's a a quick move to the upside and"}, {"start": "00:12:35", "end": "00:12:38", "text": "this is all within the bare market too"}, {"start": "00:12:36", "end": "00:12:40", "text": "right this move right here within the"}, {"start": "00:12:38", "end": "00:12:44", "text": "bare market and then you can go back"}, {"start": "00:12:40", "end": "00:12:47", "text": "further back here here is um 2020 this"}, {"start": "00:12:44", "end": "00:12:50", "text": "was explosion into XLM's bull market if"}, {"start": "00:12:47", "end": "00:12:54", "text": "you look at the the chart right here and"}, {"start": "00:12:50", "end": "00:12:56", "text": "look at the RSI then going into that"}, {"start": "00:12:54", "end": "00:12:58", "text": "expansion phase case and look at it"}, {"start": "00:12:56", "end": "00:13:00", "text": "right now going into this potential next"}, {"start": "00:12:58", "end": "00:13:04", "text": "expansion phase. Do you understand how"}, {"start": "00:13:00", "end": "00:13:06", "text": "quickly a coin like XLM and again XLM"}, {"start": "00:13:04", "end": "00:13:08", "text": "isn't like a coin in my portfolio, but"}, {"start": "00:13:06", "end": "00:13:11", "text": "do you understand how quickly we can"}, {"start": "00:13:08", "end": "00:13:13", "text": "escape this RSI line on all of these"}, {"start": "00:13:11", "end": "00:13:16", "text": "altcoins if we get the move to the"}, {"start": "00:13:13", "end": "00:13:17", "text": "upside? Look at look at how fast a bull"}, {"start": "00:13:16", "end": "00:13:19", "text": "market can happen. And it goes from"}, {"start": "00:13:17", "end": "00:13:21", "text": "thinking, man, is this ever is this ever"}, {"start": "00:13:19", "end": "00:13:24", "text": "gonna move? to all of a sudden realizing"}, {"start": "00:13:21", "end": "00:13:27", "text": "insane gains out of nowhere. We have the"}, {"start": "00:13:24", "end": "00:13:29", "text": "exact RSI movement happening on this"}, {"start": "00:13:27", "end": "00:13:32", "text": "momentum oscillator, slower momentum"}, {"start": "00:13:29", "end": "00:13:34", "text": "oscillator on XLM and the consolidation"}, {"start": "00:13:32", "end": "00:13:35", "text": "of the moving averages. So, I'm not"}, {"start": "00:13:34", "end": "00:13:37", "text": "saying we're going to get an absolute"}, {"start": "00:13:35", "end": "00:13:39", "text": "parabolic move right now. And that's"}, {"start": "00:13:37", "end": "00:13:42", "text": "exactly what's happening. But when this"}, {"start": "00:13:39", "end": "00:13:44", "text": "is lining up like this with the macro"}, {"start": "00:13:42", "end": "00:13:47", "text": "business cycle in the way that it is,"}, {"start": "00:13:44", "end": "00:13:49", "text": "it's a very good time to be prepared to"}, {"start": "00:13:47", "end": "00:13:51", "text": "plan and to figure out how you're going"}, {"start": "00:13:49", "end": "00:13:52", "text": "to play this cycle. So those are my"}, {"start": "00:13:51", "end": "00:13:54", "text": "thoughts today everybody. I wanted to"}, {"start": "00:13:52", "end": "00:13:56", "text": "kind of go over uh especially Ethereum"}, {"start": "00:13:54", "end": "00:13:58", "text": "in this range right now. It's very"}, {"start": "00:13:56", "end": "00:14:00", "text": "interesting. we might fail to break out"}, {"start": "00:13:58", "end": "00:14:02", "text": "here. In which case, if there is"}, {"start": "00:14:00", "end": "00:14:04", "text": "continued downside for Ethereum, you"}, {"start": "00:14:02", "end": "00:14:06", "text": "know, all the way down into this range"}, {"start": "00:14:04", "end": "00:14:08", "text": "anywhere from 24 to 2100 is a very"}, {"start": "00:14:06", "end": "00:14:10", "text": "interesting area for me that I'll be"}, {"start": "00:14:08", "end": "00:14:12", "text": "watching as a road map for all coins."}, {"start": "00:14:10", "end": "00:14:14", "text": "So, I appreciate you watching. If you're"}, {"start": "00:14:12", "end": "00:14:16", "text": "not a subscriber, please subscribe. If"}, {"start": "00:14:14", "end": "00:14:17", "text": "you uh don't have notifications on, turn"}, {"start": "00:14:16", "end": "00:14:18", "text": "them on. Helps the channel a lot,"}, {"start": "00:14:17", "end": "00:14:19", "text": "everybody. I appreciate each and every"}, {"start": "00:14:18", "end": "00:14:23", "text": "one of you. I'll see you in the next"}, {"start": "00:14:19", "end": "00:14:23", "text": "video. God bless."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "Look at the MAC D right now on Ethereum."}, {"start": "00:00:04", "end": "00:00:09", "text": "We have this MACD line getting ready,"}, {"start": "00:00:07", "end": "00:00:12", "text": "not even there yet, to to make its way"}, {"start": "00:00:09", "end": "00:00:15", "text": "above the signal line in yellow. The"}, {"start": "00:00:12", "end": "00:00:18", "text": "histogram is still red. We have an"}, {"start": "00:00:15", "end": "00:00:20", "text": "entire bull move of momentum zoomed out"}, {"start": "00:00:18", "end": "00:00:22", "text": "on this monthly chart in store. It has"}, {"start": "00:00:20", "end": "00:00:25", "text": "not even happened yet. That's where we"}, {"start": "00:00:22", "end": "00:00:28", "text": "are. And this is after just a full"}, {"start": "00:00:25", "end": "00:00:29", "text": "cycle, like five years of consolidation."}, {"start": "00:00:28", "end": "00:00:32", "text": "And if you look at the RSI, slower"}, {"start": "00:00:29", "end": "00:00:33", "text": "moving momentum oscillator, crypto in a"}, {"start": "00:00:32", "end": "00:00:35", "text": "dip right now, this is Ethereum on the"}, {"start": "00:00:33", "end": "00:00:37", "text": "daily chart, even getting rejected at"}, {"start": "00:00:35", "end": "00:00:39", "text": "this 50-day moving average. I know it's"}, {"start": "00:00:37", "end": "00:00:41", "text": "just kind of been years of dips. And"}, {"start": "00:00:39", "end": "00:00:43", "text": "every time we dip, it feels like we're"}, {"start": "00:00:41", "end": "00:00:45", "text": "just going to dip lower, but this dip is"}, {"start": "00:00:43", "end": "00:00:47", "text": "different. And I want to explain exactly"}, {"start": "00:00:45", "end": "00:00:50", "text": "why in this video has everything to do"}, {"start": "00:00:47", "end": "00:00:52", "text": "with the macro shift out of a five-year"}, {"start": "00:00:50", "end": "00:00:55", "text": "cycle of tightening and contraction and"}, {"start": "00:00:52", "end": "00:00:57", "text": "bare market and into a bull cycle. I"}, {"start": "00:00:55", "end": "00:00:59", "text": "want to start with a clip. This is in"}, {"start": "00:00:57", "end": "00:01:01", "text": "regards to Ethereum and pretty much"}, {"start": "00:00:59", "end": "00:01:04", "text": "applying to all altcoins. This is from"}, {"start": "00:01:01", "end": "00:01:06", "text": "September 26. Check it. There's caution."}, {"start": "00:01:04", "end": "00:01:09", "text": "Obviously, we could be dipping. It could"}, {"start": "00:01:06", "end": "00:01:10", "text": "be a big dip end of September or into"}, {"start": "00:01:09", "end": "00:01:13", "text": "October or all of October. We could be"}, {"start": "00:01:10", "end": "00:01:17", "text": "dipping 20%. Uh we just need to monitor"}, {"start": "00:01:13", "end": "00:01:19", "text": "the higher low, monitor support, and"}, {"start": "00:01:17", "end": "00:01:21", "text": "take it one step at a time because one"}, {"start": "00:01:19", "end": "00:01:23", "text": "step at a time, everybody. If we go to"}, {"start": "00:01:21", "end": "00:01:25", "text": "Ethereum right now on the daily chart,"}, {"start": "00:01:23", "end": "00:01:27", "text": "there are two things happening. one is"}, {"start": "00:01:25", "end": "00:01:30", "text": "more of a midterm uh pattern that is"}, {"start": "00:01:27", "end": "00:01:32", "text": "playing out and this midterm pattern is"}, {"start": "00:01:30", "end": "00:01:35", "text": "everything in terms of the structure"}, {"start": "00:01:32", "end": "00:01:37", "text": "setting up for a bull market number one"}, {"start": "00:01:35", "end": "00:01:39", "text": "but number two on the very zoomed in is"}, {"start": "00:01:37", "end": "00:01:40", "text": "kind of this pattern that we've been in."}, {"start": "00:01:39", "end": "00:01:42", "text": "I did this video I mean this was the end"}, {"start": "00:01:40", "end": "00:01:43", "text": "of September we're talking about the"}, {"start": "00:01:42", "end": "00:01:45", "text": "potential dip and now we're starting to"}, {"start": "00:01:43", "end": "00:01:47", "text": "get some potential structure even not"}, {"start": "00:01:45", "end": "00:01:49", "text": "the cleanest but a potential inverse"}, {"start": "00:01:47", "end": "00:01:51", "text": "head and shoulders on the very short"}, {"start": "00:01:49", "end": "00:01:52", "text": "term that's where we are right now the"}, {"start": "00:01:51", "end": "00:01:55", "text": "20-day moving average on Ethereum at"}, {"start": "00:01:52", "end": "00:01:56", "text": "$2,600. This is what I want to go over"}, {"start": "00:01:55", "end": "00:01:59", "text": "in the video. That is to say, what if"}, {"start": "00:01:56", "end": "00:02:01", "text": "Ethereum keeps falling? This is the"}, {"start": "00:01:59", "end": "00:02:03", "text": "setup, everybody, for I would say, and"}, {"start": "00:02:01", "end": "00:02:06", "text": "I've been saying this probably the last"}, {"start": "00:02:03", "end": "00:02:08", "text": "window of opportunity before an entry"}, {"start": "00:02:06", "end": "00:02:10", "text": "into a bull market. That's not a"}, {"start": "00:02:08", "end": "00:02:11", "text": "guarantee. This is just my opinion in"}, {"start": "00:02:10", "end": "00:02:13", "text": "terms of the structure of this cycle."}, {"start": "00:02:11", "end": "00:02:15", "text": "And that's what I will be discussing in"}, {"start": "00:02:13", "end": "00:02:17", "text": "this video, how this translates to every"}, {"start": "00:02:15", "end": "00:02:18", "text": "other altcoin and to the crypto markets."}, {"start": "00:02:17", "end": "00:02:19", "text": "Everybody, real quick, we're partnered"}, {"start": "00:02:18", "end": "00:02:21", "text": "with Coinbase right now. We've got"}, {"start": "00:02:19", "end": "00:02:23", "text": "something new for the CCV community."}, {"start": "00:02:21", "end": "00:02:25", "text": "Even if you have an active Coinbase"}, {"start": "00:02:23", "end": "00:02:28", "text": "account, click the link below, get set"}, {"start": "00:02:25", "end": "00:02:31", "text": "up under me and get access to our"}, {"start": "00:02:28", "end": "00:02:33", "text": "community offer which includes 80% off"}, {"start": "00:02:31", "end": "00:02:36", "text": "spot trading fees. So, even if you have"}, {"start": "00:02:33", "end": "00:02:38", "text": "a Coinbase account, click my link below"}, {"start": "00:02:36", "end": "00:02:40", "text": "and activate rewards via that link. And"}, {"start": "00:02:38", "end": "00:02:44", "text": "if you're new to Coinbase, there's up to"}, {"start": "00:02:40", "end": "00:02:46", "text": "250 USDC in rewards starting with 25"}, {"start": "00:02:44", "end": "00:02:48", "text": "USDC for completing ID verification."}, {"start": "00:02:46", "end": "00:02:50", "text": "This is withdrawable rewards, too,"}, {"start": "00:02:48", "end": "00:02:53", "text": "everybody. So, click the Coinbase link"}, {"start": "00:02:50", "end": "00:02:55", "text": "below, hit activate rewards, and follow"}, {"start": "00:02:53", "end": "00:02:57", "text": "the steps to get started. All right, so"}, {"start": "00:02:55", "end": "00:02:59", "text": "before we even get into this structure"}, {"start": "00:02:57", "end": "00:03:01", "text": "that's happening and potential downside"}, {"start": "00:02:59", "end": "00:03:03", "text": "for altcoins, I want to zoom out on the"}, {"start": "00:03:01", "end": "00:03:05", "text": "Ethereum chart right now because I just"}, {"start": "00:03:03", "end": "00:03:06", "text": "want to make a note of something right"}, {"start": "00:03:05", "end": "00:03:08", "text": "now at this moment when we are in this"}, {"start": "00:03:06", "end": "00:03:11", "text": "critically important dip. I know it's"}, {"start": "00:03:08", "end": "00:03:14", "text": "dip after dip after dip for years. This"}, {"start": "00:03:11", "end": "00:03:16", "text": "is a critically important dip because we"}, {"start": "00:03:14", "end": "00:03:19", "text": "are at this on the monthly chart on"}, {"start": "00:03:16", "end": "00:03:21", "text": "Ethereum. This is what a cycle shift"}, {"start": "00:03:19", "end": "00:03:23", "text": "into a bull market looks like. So, three"}, {"start": "00:03:21", "end": "00:03:25", "text": "things I want to mention to you. Number"}, {"start": "00:03:23", "end": "00:03:26", "text": "one, on the price chart, we are coming"}, {"start": "00:03:25", "end": "00:03:27", "text": "out of this tightening cycle. This is"}, {"start": "00:03:26", "end": "00:03:30", "text": "something you're probably very familiar"}, {"start": "00:03:27", "end": "00:03:32", "text": "with if you watch my videos. Kind of"}, {"start": "00:03:30", "end": "00:03:34", "text": "very similar to July 2019, out of the"}, {"start": "00:03:32", "end": "00:03:37", "text": "tightening cycle. We get that post QQT"}, {"start": "00:03:34", "end": "00:03:40", "text": "dip into a macro expansion cycle. Right"}, {"start": "00:03:37", "end": "00:03:41", "text": "now, similar thing, December 1st, 2025,"}, {"start": "00:03:40", "end": "00:03:43", "text": "out of the post quantitative tightening"}, {"start": "00:03:41", "end": "00:03:46", "text": "dip into expansion cycle. This is where"}, {"start": "00:03:43", "end": "00:03:47", "text": "we are in terms of cycles. Now, if you"}, {"start": "00:03:46", "end": "00:03:51", "text": "take that and you pair it with our"}, {"start": "00:03:47", "end": "00:03:55", "text": "momentum oscillators, look at the MAC D"}, {"start": "00:03:51", "end": "00:03:58", "text": "right now on Ethereum, we have this MACD"}, {"start": "00:03:55", "end": "00:04:00", "text": "line getting ready, not even there yet,"}, {"start": "00:03:58", "end": "00:04:03", "text": "to to make its way above the signal line"}, {"start": "00:04:00", "end": "00:04:07", "text": "in yellow. The histogram is still red."}, {"start": "00:04:03", "end": "00:04:09", "text": "We have an entire bull move of momentum"}, {"start": "00:04:07", "end": "00:04:11", "text": "zoomed out on this monthly chart in"}, {"start": "00:04:09", "end": "00:04:13", "text": "store. It has not even happened yet."}, {"start": "00:04:11", "end": "00:04:16", "text": "That's where we are. And this is after"}, {"start": "00:04:13", "end": "00:04:18", "text": "just a full cycle like five years of"}, {"start": "00:04:16", "end": "00:04:20", "text": "consolidation. And if you look at the"}, {"start": "00:04:18", "end": "00:04:22", "text": "RSI, slower moving momentum oscillator"}, {"start": "00:04:20", "end": "00:04:25", "text": "for Ethereum, here's the bull market of"}, {"start": "00:04:22", "end": "00:04:27", "text": "uh April 2021. Here's the top. And this"}, {"start": "00:04:25", "end": "00:04:29", "text": "is where we are. When I say there's not"}, {"start": "00:04:27", "end": "00:04:31", "text": "been a bull market, here's a very nice"}, {"start": "00:04:29", "end": "00:04:35", "text": "visualization. When I say there's not"}, {"start": "00:04:31", "end": "00:04:37", "text": "been a bull market since 2020 to 2021,"}, {"start": "00:04:35", "end": "00:04:39", "text": "here's a nice visualization. the"}, {"start": "00:04:37", "end": "00:04:41", "text": "contraction of our business cycle index,"}, {"start": "00:04:39", "end": "00:04:44", "text": "our proprietary index that we have in"}, {"start": "00:04:41", "end": "00:04:47", "text": "our intelligence system. We just hit our"}, {"start": "00:04:44", "end": "00:04:49", "text": "first expansion in like 50 months,"}, {"start": "00:04:47", "end": "00:04:50", "text": "right? And there are a lot of rules that"}, {"start": "00:04:49", "end": "00:04:53", "text": "need to trigger to even start signaling"}, {"start": "00:04:50", "end": "00:04:54", "text": "an expansion. But when we get into these"}, {"start": "00:04:53", "end": "00:04:56", "text": "green areas, these expansion"}, {"start": "00:04:54", "end": "00:04:58", "text": "environments, this is where bull markets"}, {"start": "00:04:56", "end": "00:05:01", "text": "happen. And this is all happening while"}, {"start": "00:04:58", "end": "00:05:04", "text": "Ethereum on the monthly chart on this"}, {"start": "00:05:01", "end": "00:05:07", "text": "momentum oscillator is just so"}, {"start": "00:05:04", "end": "00:05:09", "text": "contracted. It is like an absolute"}, {"start": "00:05:07", "end": "00:05:10", "text": "pressure cooker. It's such a clickbait"}, {"start": "00:05:09", "end": "00:05:13", "text": "word, but that's what it is. And the"}, {"start": "00:05:10", "end": "00:05:15", "text": "MACD is setting up for a reversal. And"}, {"start": "00:05:13", "end": "00:05:17", "text": "so, I want you to keep this in mind as"}, {"start": "00:05:15", "end": "00:05:19", "text": "we're going into the zoomed in analysis"}, {"start": "00:05:17", "end": "00:05:21", "text": "because, you know, we're going to talk"}, {"start": "00:05:19", "end": "00:05:22", "text": "about this last window of opportunity."}, {"start": "00:05:21", "end": "00:05:24", "text": "We're going to talk about even more"}, {"start": "00:05:22", "end": "00:05:26", "text": "downside on the short term. But I I"}, {"start": "00:05:24", "end": "00:05:28", "text": "absolutely just want to keep in mind the"}, {"start": "00:05:26", "end": "00:05:30", "text": "foundation to the cycle because there's"}, {"start": "00:05:28", "end": "00:05:32", "text": "so much noise in the short term. But"}, {"start": "00:05:30", "end": "00:05:34", "text": "when you zoom out on the cycles and"}, {"start": "00:05:32", "end": "00:05:35", "text": "what's happening in crypto, it just"}, {"start": "00:05:34", "end": "00:05:37", "text": "becomes clear. And this is why I've been"}, {"start": "00:05:35", "end": "00:05:39", "text": "bullish all year long. It's been very"}, {"start": "00:05:37", "end": "00:05:41", "text": "unpopular to be bullish during all of"}, {"start": "00:05:39", "end": "00:05:43", "text": "this. This was the moment of"}, {"start": "00:05:41", "end": "00:05:46", "text": "consolidation, the moment of opportunity"}, {"start": "00:05:43", "end": "00:05:47", "text": "to accumulate cryptos, everybody. It's"}, {"start": "00:05:46", "end": "00:05:50", "text": "such a similar moment to here. The"}, {"start": "00:05:47", "end": "00:05:51", "text": "structure will be different this cycle."}, {"start": "00:05:50", "end": "00:05:53", "text": "Things will be different this cycle, but"}, {"start": "00:05:51", "end": "00:05:55", "text": "that's where we were. That's where we've"}, {"start": "00:05:53", "end": "00:05:58", "text": "been. And that window that we've had all"}, {"start": "00:05:55", "end": "00:06:02", "text": "year, it is closing. So, let's zoom in"}, {"start": "00:05:58", "end": "00:06:04", "text": "on the analysis here. you know in that"}, {"start": "00:06:02", "end": "00:06:05", "text": "video it's it's speculative what I was"}, {"start": "00:06:04", "end": "00:06:07", "text": "talking about potential inverse head and"}, {"start": "00:06:05", "end": "00:06:10", "text": "shoulders there right setting up the"}, {"start": "00:06:07", "end": "00:06:11", "text": "right shoulder coming down so this is"}, {"start": "00:06:10", "end": "00:06:13", "text": "what Ethereum looks like right now this"}, {"start": "00:06:11", "end": "00:06:15", "text": "is the structure of it all coming from"}, {"start": "00:06:13", "end": "00:06:17", "text": "two different perspectives actually and"}, {"start": "00:06:15", "end": "00:06:19", "text": "there's a lot of you know there's a lot"}, {"start": "00:06:17", "end": "00:06:23", "text": "of things going on here so let me start"}, {"start": "00:06:19", "end": "00:06:25", "text": "simply number one is the macro reversal"}, {"start": "00:06:23", "end": "00:06:26", "text": "pattern and structure right this"}, {"start": "00:06:25", "end": "00:06:29", "text": "potential inverse head and shoulders"}, {"start": "00:06:26", "end": "00:06:30", "text": "that I've been talking about this"}, {"start": "00:06:29", "end": "00:06:33", "text": "rejection right here of this yellow"}, {"start": "00:06:30", "end": "00:06:35", "text": "trend line. That is the potential"}, {"start": "00:06:33", "end": "00:06:36", "text": "neckline. We're coming into this right"}, {"start": "00:06:35", "end": "00:06:38", "text": "shoulder. It might be shallow. It might"}, {"start": "00:06:36", "end": "00:06:39", "text": "be deeper. We're going to discuss this"}, {"start": "00:06:38", "end": "00:06:41", "text": "in a moment. But the other thing that's"}, {"start": "00:06:39", "end": "00:06:44", "text": "going on on the shorter term is this."}, {"start": "00:06:41", "end": "00:06:46", "text": "This is the potential head and shoulders"}, {"start": "00:06:44", "end": "00:06:48", "text": "that might bring us lower in terms of"}, {"start": "00:06:46", "end": "00:06:50", "text": "price action. These are the two things I"}, {"start": "00:06:48", "end": "00:06:52", "text": "want to talk about. It's important that"}, {"start": "00:06:50", "end": "00:06:54", "text": "I lay that foundation of the macro and"}, {"start": "00:06:52", "end": "00:06:57", "text": "what's going on in the macro because I"}, {"start": "00:06:54", "end": "00:06:59", "text": "think when we're getting dips, whether"}, {"start": "00:06:57", "end": "00:07:02", "text": "it's this little dip or even if we go"}, {"start": "00:06:59", "end": "00:07:04", "text": "lower, there becomes a lot of noise and"}, {"start": "00:07:02", "end": "00:07:07", "text": "people get very distracted by that. It"}, {"start": "00:07:04", "end": "00:07:09", "text": "looks like, man, it's over. The bare"}, {"start": "00:07:07", "end": "00:07:12", "text": "market's back. Like, like Ethereum could"}, {"start": "00:07:09", "end": "00:07:14", "text": "be falling to $2,100 and I will not be"}, {"start": "00:07:12", "end": "00:07:16", "text": "concerned. Will I enjoy it? No, I don't"}, {"start": "00:07:14", "end": "00:07:17", "text": "enjoy when all coins are dipping. I I"}, {"start": "00:07:16", "end": "00:07:21", "text": "want to just go parabolic, right? Just"}, {"start": "00:07:17", "end": "00:07:22", "text": "like you. But it's normal. So, let's"}, {"start": "00:07:21", "end": "00:07:23", "text": "break this down because it translates to"}, {"start": "00:07:22", "end": "00:07:26", "text": "altcoins. You don't have to hold"}, {"start": "00:07:23", "end": "00:07:28", "text": "Ethereum, right? Ethereum does a very"}, {"start": "00:07:26", "end": "00:07:30", "text": "good example of if we are falling to the"}, {"start": "00:07:28", "end": "00:07:33", "text": "200 day moving average down here around"}, {"start": "00:07:30", "end": "00:07:35", "text": "2100, you go on Coinbase. You set your"}, {"start": "00:07:33", "end": "00:07:37", "text": "buy limit order wherever you want or on"}, {"start": "00:07:35", "end": "00:07:39", "text": "the way down, set a bunch of them so"}, {"start": "00:07:37", "end": "00:07:41", "text": "you're catching that dip, right? You can"}, {"start": "00:07:39", "end": "00:07:43", "text": "do this on a multi multiple of of"}, {"start": "00:07:41", "end": "00:07:46", "text": "different altcoins. But with that being"}, {"start": "00:07:43", "end": "00:07:49", "text": "said, I want to discuss what's going on"}, {"start": "00:07:46", "end": "00:07:53", "text": "here because I think it is incredibly"}, {"start": "00:07:49", "end": "00:07:55", "text": "possible, if not likely, that actually"}, {"start": "00:07:53", "end": "00:07:58", "text": "crypto does continue consolidating,"}, {"start": "00:07:55", "end": "00:07:59", "text": "maybe dipping. So, Ethereum right now,"}, {"start": "00:07:58", "end": "00:08:01", "text": "let me talk about this from two"}, {"start": "00:07:59", "end": "00:08:03", "text": "different perspectives."}, {"start": "00:08:01", "end": "00:08:06", "text": "Number one, kind of a very simple"}, {"start": "00:08:03", "end": "00:08:08", "text": "short-term structure, how it translates"}, {"start": "00:08:06", "end": "00:08:10", "text": "into the macro, but number two, just a"}, {"start": "00:08:08", "end": "00:08:12", "text": "capitulation type of scenario. Here we"}, {"start": "00:08:10", "end": "00:08:14", "text": "are. I have this potential inverse head"}, {"start": "00:08:12", "end": "00:08:16", "text": "and shoulder or I'm sorry, a head and"}, {"start": "00:08:14", "end": "00:08:18", "text": "shoulders on Ethereum. We have this"}, {"start": "00:08:16", "end": "00:08:19", "text": "right shoulder setting up right now."}, {"start": "00:08:18", "end": "00:08:21", "text": "We're at a 50-day moving average"}, {"start": "00:08:19", "end": "00:08:24", "text": "resistance, the 200 day moving average"}, {"start": "00:08:21", "end": "00:08:25", "text": "right around 2600. Maybe Ethereum try"}, {"start": "00:08:24", "end": "00:08:28", "text": "and pop pop to that area, but we're"}, {"start": "00:08:25", "end": "00:08:29", "text": "falling. First thing I want to point to"}, {"start": "00:08:28", "end": "00:08:31", "text": "your attention is if we take our"}, {"start": "00:08:29", "end": "00:08:34", "text": "Fibonacci, you see this this red"}, {"start": "00:08:31", "end": "00:08:35", "text": "rectangle or pink rectangle. It's"}, {"start": "00:08:34", "end": "00:08:38", "text": "basically this swing low back here to"}, {"start": "00:08:35", "end": "00:08:40", "text": "swing high. And if I zoom in, you can"}, {"start": "00:08:38", "end": "00:08:43", "text": "see it's basically this 618 to 786"}, {"start": "00:08:40", "end": "00:08:45", "text": "range. That is this first area support"}, {"start": "00:08:43", "end": "00:08:48", "text": "we've been talking about. I covered it"}, {"start": "00:08:45", "end": "00:08:50", "text": "in a video. You can see Ethereum holding"}, {"start": "00:08:48", "end": "00:08:54", "text": "support there. This might act as"}, {"start": "00:08:50", "end": "00:08:56", "text": "support. If Ethereum continues hobbling"}, {"start": "00:08:54", "end": "00:08:58", "text": "around here at this range, we might get"}, {"start": "00:08:56", "end": "00:09:00", "text": "support and we might not fall into this"}, {"start": "00:08:58", "end": "00:09:03", "text": "yellow range, which I'm about to talk"}, {"start": "00:09:00", "end": "00:09:05", "text": "about. But let's monitor the the support"}, {"start": "00:09:03", "end": "00:09:09", "text": "area is right around 2450."}, {"start": "00:09:05", "end": "00:09:12", "text": "um 2500ish is the top upper range of"}, {"start": "00:09:09", "end": "00:09:13", "text": "that Fibonacci. If it fails though,"}, {"start": "00:09:12", "end": "00:09:15", "text": "Ethereum can very well fall into this"}, {"start": "00:09:13", "end": "00:09:17", "text": "range. This range is anywhere between"}, {"start": "00:09:15", "end": "00:09:19", "text": "that Fibonacci and the 200 day moving"}, {"start": "00:09:17", "end": "00:09:21", "text": "average. It's just consolidating into"}, {"start": "00:09:19", "end": "00:09:23", "text": "the 200 day moving average. It might"}, {"start": "00:09:21", "end": "00:09:26", "text": "just be a normal move. Maybe the 200"}, {"start": "00:09:23", "end": "00:09:28", "text": "meets Ethereum at $2,200."}, {"start": "00:09:26", "end": "00:09:31", "text": "I don't know. But this dip is something"}, {"start": "00:09:28", "end": "00:09:33", "text": "we've been anticipating as illustrated"}, {"start": "00:09:31", "end": "00:09:36", "text": "in this video and I think another video"}, {"start": "00:09:33", "end": "00:09:39", "text": "not too long ago. and it's normal. So"}, {"start": "00:09:36", "end": "00:09:40", "text": "with that structure can come a bunch of"}, {"start": "00:09:39", "end": "00:09:43", "text": "different things if we start zooming out"}, {"start": "00:09:40", "end": "00:09:47", "text": "because watch this. We have remember"}, {"start": "00:09:43", "end": "00:09:49", "text": "this rejection here of this trend line"}, {"start": "00:09:47", "end": "00:09:50", "text": "in yellow"}, {"start": "00:09:49", "end": "00:09:52", "text": "potentially leading into a right"}, {"start": "00:09:50", "end": "00:09:54", "text": "shoulder. Maybe we get the short-term"}, {"start": "00:09:52", "end": "00:09:57", "text": "support here. Shallow right shoulder."}, {"start": "00:09:54", "end": "00:10:00", "text": "Boom. Entry into a a bull market. This"}, {"start": "00:09:57", "end": "00:10:02", "text": "is a massive pattern. This goes back to"}, {"start": "00:10:00", "end": "00:10:05", "text": "February. This is like all year long"}, {"start": "00:10:02", "end": "00:10:08", "text": "basically of structure and it's also has"}, {"start": "00:10:05", "end": "00:10:12", "text": "basically this ascending uh neckline if"}, {"start": "00:10:08", "end": "00:10:14", "text": "this plays out. That's bullish. So maybe"}, {"start": "00:10:12", "end": "00:10:17", "text": "that's what it looks like though, right?"}, {"start": "00:10:14", "end": "00:10:19", "text": "So left shoulder head, shallow right"}, {"start": "00:10:17", "end": "00:10:22", "text": "shoulder if we get support here or we"}, {"start": "00:10:19", "end": "00:10:24", "text": "start trickling down a deeper right"}, {"start": "00:10:22", "end": "00:10:26", "text": "shoulder, right? Maybe it's a red"}, {"start": "00:10:24", "end": "00:10:28", "text": "October as I said in that video and then"}, {"start": "00:10:26", "end": "00:10:31", "text": "boom, we're making our way to the"}, {"start": "00:10:28", "end": "00:10:35", "text": "upside, end of year into new year. And"}, {"start": "00:10:31", "end": "00:10:37", "text": "this entire setup all year long, if that"}, {"start": "00:10:35", "end": "00:10:40", "text": "happens, even if we go lower, we're"}, {"start": "00:10:37", "end": "00:10:43", "text": "$2,200 Ethereum. It will be it will have"}, {"start": "00:10:40", "end": "00:10:44", "text": "been proven that all year long was a"}, {"start": "00:10:43", "end": "00:10:47", "text": "time to be bullish and accumulate"}, {"start": "00:10:44", "end": "00:10:50", "text": "crypto. Not try and guess how long it's"}, {"start": "00:10:47", "end": "00:10:52", "text": "going to go down for or not try and"}, {"start": "00:10:50", "end": "00:10:55", "text": "guess the calendar event of the four-ear"}, {"start": "00:10:52", "end": "00:10:56", "text": "cycle. wait until October because if you"}, {"start": "00:10:55", "end": "00:11:00", "text": "waited until October, you missed all of"}, {"start": "00:10:56", "end": "00:11:01", "text": "this, you missed all of this basically."}, {"start": "00:11:00", "end": "00:11:03", "text": "It's the time to be bullish and this"}, {"start": "00:11:01", "end": "00:11:06", "text": "could be the setup. With that being"}, {"start": "00:11:03", "end": "00:11:07", "text": "said, if we do go that low, this is why"}, {"start": "00:11:06", "end": "00:11:10", "text": "I keep saying potentially the last"}, {"start": "00:11:07", "end": "00:11:11", "text": "window of opportunity. So, something"}, {"start": "00:11:10", "end": "00:11:14", "text": "like, which I've been I've been"}, {"start": "00:11:11", "end": "00:11:16", "text": "accumulating as you see uh in recent"}, {"start": "00:11:14", "end": "00:11:19", "text": "videos, nothing crazy. I've been just"}, {"start": "00:11:16", "end": "00:11:21", "text": "trickling in. I'm I have my portfolio"}, {"start": "00:11:19", "end": "00:11:23", "text": "for the bull, but I'm just like in this"}, {"start": "00:11:21", "end": "00:11:25", "text": "moment of time where we keep just"}, {"start": "00:11:23", "end": "00:11:27", "text": "sideways ranging, even dipping and"}, {"start": "00:11:25", "end": "00:11:29", "text": "something like Ando is in this"}, {"start": "00:11:27", "end": "00:11:31", "text": "accumulation range. I will I will do my"}, {"start": "00:11:29", "end": "00:11:33", "text": "best to just kind of get some exposure"}, {"start": "00:11:31", "end": "00:11:36", "text": "to a tokenization play. That's been my"}, {"start": "00:11:33", "end": "00:11:38", "text": "story here. And so I've done some recent"}, {"start": "00:11:36", "end": "00:11:41", "text": "buys. I think 42 cents, 49 cents. We're"}, {"start": "00:11:38", "end": "00:11:43", "text": "at like 49 cents now. And for me, I'm"}, {"start": "00:11:41", "end": "00:11:46", "text": "just kind of like I don't I'm not going"}, {"start": "00:11:43", "end": "00:11:47", "text": "to FOMO into right now. I'm just not."}, {"start": "00:11:46", "end": "00:11:49", "text": "I'll keep trickling in though if we get"}, {"start": "00:11:47", "end": "00:11:53", "text": "so if we get another dip. If Ethereum is"}, {"start": "00:11:49", "end": "00:11:56", "text": "dipping, this is a great just example in"}, {"start": "00:11:53", "end": "00:11:58", "text": "Coinbase. I think the 30s would be great"}, {"start": "00:11:56", "end": "00:11:59", "text": "for Ando. Here's the 200 day moving"}, {"start": "00:11:58", "end": "00:12:03", "text": "average at 35. Maybe it doesn't get"}, {"start": "00:11:59", "end": "00:12:04", "text": "there. 40 cents. Set a buy limit order."}, {"start": "00:12:03", "end": "00:12:06", "text": "Maybe we capitulate through it all."}, {"start": "00:12:04", "end": "00:12:08", "text": "Right. And we're really testing this"}, {"start": "00:12:06", "end": "00:12:11", "text": "trend line from back here."}, {"start": "00:12:08", "end": "00:12:13", "text": "I do not know. But this is kind of all"}, {"start": "00:12:11", "end": "00:12:15", "text": "in this range. If if Ethereum keeps"}, {"start": "00:12:13", "end": "00:12:18", "text": "dipping and actually starts dipping with"}, {"start": "00:12:15", "end": "00:12:19", "text": "all coins, right, which I think is so in"}, {"start": "00:12:18", "end": "00:12:21", "text": "play,"}, {"start": "00:12:19", "end": "00:12:23", "text": "I I just think it's so in play that this"}, {"start": "00:12:21", "end": "00:12:25", "text": "thing just kind of resets back into"}, {"start": "00:12:23", "end": "00:12:27", "text": "accumulation range. It's just it's just"}, {"start": "00:12:25", "end": "00:12:30", "text": "a really good opportunity potentially"}, {"start": "00:12:27", "end": "00:12:31", "text": "for others. Get in here in Coinbase. Set"}, {"start": "00:12:30", "end": "00:12:34", "text": "your buy limit orders if you're in"}, {"start": "00:12:31", "end": "00:12:36", "text": "Coinbase or if you're like me, get in"}, {"start": "00:12:34", "end": "00:12:39", "text": "here, do a quick limit order. It you it"}, {"start": "00:12:36", "end": "00:12:40", "text": "can fill very quickly. Um but either"}, {"start": "00:12:39", "end": "00:12:42", "text": "way, that's kind of what I'm watching"}, {"start": "00:12:40", "end": "00:12:44", "text": "on. that the purpose of this is to"}, {"start": "00:12:42", "end": "00:12:46", "text": "obviously get a zoomed out picture on"}, {"start": "00:12:44", "end": "00:12:48", "text": "the cycle and the shift that is"}, {"start": "00:12:46", "end": "00:12:51", "text": "happening but at the same time get a"}, {"start": "00:12:48", "end": "00:12:52", "text": "sense of hey if crypto does continue"}, {"start": "00:12:51", "end": "00:12:54", "text": "consolidating and dipping there's"}, {"start": "00:12:52", "end": "00:12:58", "text": "there's going to be opportunities still"}, {"start": "00:12:54", "end": "00:13:00", "text": "because when I say that just look"}, {"start": "00:12:58", "end": "00:13:03", "text": "if it falls into this range right say"}, {"start": "00:13:00", "end": "00:13:05", "text": "it's at 40 cents it was at 40 cents in"}, {"start": "00:13:03", "end": "00:13:08", "text": "January at at the beginning of this"}, {"start": "00:13:05", "end": "00:13:11", "text": "accumulation range so it's not a bad"}, {"start": "00:13:08", "end": "00:13:14", "text": "opportunity at all um And a lot of these"}, {"start": "00:13:11", "end": "00:13:16", "text": "coins are like this, if not better. So,"}, {"start": "00:13:14", "end": "00:13:17", "text": "um, these are my thoughts today. I want"}, {"start": "00:13:16", "end": "00:13:20", "text": "to start the week with some kind of"}, {"start": "00:13:17", "end": "00:13:22", "text": "macro analysis using Ethereum for for"}, {"start": "00:13:20", "end": "00:13:24", "text": "really a a nice picture of altcoins in"}, {"start": "00:13:22", "end": "00:13:25", "text": "general. But let me know your thoughts"}, {"start": "00:13:24", "end": "00:13:27", "text": "in the comments below, everybody. If"}, {"start": "00:13:25", "end": "00:13:29", "text": "you're not in Coinbase, get in Coinbase."}, {"start": "00:13:27", "end": "00:13:31", "text": "Even if you have Coinbase, click my link"}, {"start": "00:13:29", "end": "00:13:34", "text": "below, get set up under me, and save 80%"}, {"start": "00:13:31", "end": "00:13:36", "text": "on spot fees. It take us takes like a"}, {"start": "00:13:34", "end": "00:13:38", "text": "minute. Click the link. It'll it'll take"}, {"start": "00:13:36", "end": "00:13:39", "text": "you to activate rewards and sign up, but"}, {"start": "00:13:38", "end": "00:13:42", "text": "really it's going to sign you in and"}, {"start": "00:13:39", "end": "00:13:44", "text": "boom, you're activated. Um, so hit the"}, {"start": "00:13:42", "end": "00:13:46", "text": "link below and get set up with Coinbase."}, {"start": "00:13:44", "end": "00:13:47", "text": "Appreciate each and every one of you"}, {"start": "00:13:46", "end": "00:13:51", "text": "watching. I will see you in the next"}, {"start": "00:13:47", "end": "00:13:51", "text": "video. God bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "For myself as a crypto holder, it is one"}, {"start": "00:00:02", "end": "00:00:06", "text": "of the most important meaningful times."}, {"start": "00:00:05", "end": "00:00:10", "text": "And I've been in crypto since like right"}, {"start": "00:00:06", "end": "00:00:12", "text": "around 2017. We're going to go through a"}, {"start": "00:00:10", "end": "00:00:14", "text": "profit taking system for different"}, {"start": "00:00:12", "end": "00:00:15", "text": "assets back here in our profit ladder."}, {"start": "00:00:14", "end": "00:00:17", "text": "And we're going to visualize these"}, {"start": "00:00:15", "end": "00:00:18", "text": "scenarios. But before I do, I want to"}, {"start": "00:00:17", "end": "00:00:20", "text": "lay the groundwork for something. And I"}, {"start": "00:00:18", "end": "00:00:22", "text": "want to explain something because"}, {"start": "00:00:20", "end": "00:00:23", "text": "there's a reason I say this is the most"}, {"start": "00:00:22", "end": "00:00:25", "text": "meaningful time for me as a crypto"}, {"start": "00:00:23", "end": "00:00:26", "text": "holder. And I want to visualize this and"}, {"start": "00:00:25", "end": "00:00:28", "text": "explain this because this isn't just"}, {"start": "00:00:26", "end": "00:00:31", "text": "about guessing in terms of taking"}, {"start": "00:00:28", "end": "00:00:34", "text": "profits. This is not in terms of"}, {"start": "00:00:31", "end": "00:00:37", "text": "guessing where are we in the cycle based"}, {"start": "00:00:34", "end": "00:00:38", "text": "on maybe a calendar or just guessing. I"}, {"start": "00:00:37", "end": "00:00:40", "text": "got into crypto back here. I rode this"}, {"start": "00:00:38", "end": "00:00:41", "text": "bull market. I don't know if you were"}, {"start": "00:00:40", "end": "00:00:43", "text": "here in that bull market. It was"}, {"start": "00:00:41", "end": "00:00:46", "text": "incredibly exciting the 2017 bull run"}, {"start": "00:00:43", "end": "00:00:49", "text": "going parabolic. I started my YouTube"}, {"start": "00:00:46", "end": "00:00:52", "text": "channel right at the top and I roundt"}, {"start": "00:00:49", "end": "00:00:54", "text": "the entire thing into the bare market. I"}, {"start": "00:00:52", "end": "00:00:56", "text": "don't know about you, but I did. And it"}, {"start": "00:00:54", "end": "00:00:57", "text": "occurred to me as I'm setting up this"}, {"start": "00:00:56", "end": "00:00:58", "text": "video, a couple things I want to"}, {"start": "00:00:57", "end": "00:01:01", "text": "explain. Then we're going to dive into"}, {"start": "00:00:58", "end": "00:01:05", "text": "these profit ladder scenarios."}, {"start": "00:01:01", "end": "00:01:08", "text": "For me, myself around 57% of my time in"}, {"start": "00:01:05", "end": "00:01:10", "text": "the crypto space has been within"}, {"start": "00:01:08", "end": "00:01:12", "text": "quantitative tightening. That is the"}, {"start": "00:01:10", "end": "00:01:16", "text": "first bare market that I went through."}, {"start": "00:01:12", "end": "00:01:19", "text": "This was Fed liquidity extraction bare"}, {"start": "00:01:16", "end": "00:01:22", "text": "market for crypto. Crypto bare markets"}, {"start": "00:01:19", "end": "00:01:24", "text": "happen when we get this contraction of"}, {"start": "00:01:22", "end": "00:01:26", "text": "the business cycle. And so that was me,"}, {"start": "00:01:24", "end": "00:01:28", "text": "brand new into the crypto space. And"}, {"start": "00:01:26", "end": "00:01:29", "text": "then finally, after preparing and"}, {"start": "00:01:28", "end": "00:01:31", "text": "grinding through all of this bare"}, {"start": "00:01:29", "end": "00:01:34", "text": "market, many you many of you were along"}, {"start": "00:01:31", "end": "00:01:36", "text": "that journey, we went into expansion,"}, {"start": "00:01:34", "end": "00:01:38", "text": "expansion of the business cycle. And as"}, {"start": "00:01:36", "end": "00:01:39", "text": "we get into this profit ladder taking"}, {"start": "00:01:38", "end": "00:01:41", "text": "system, I want you to visualize what I'm"}, {"start": "00:01:39", "end": "00:01:43", "text": "showing you on the screen because this"}, {"start": "00:01:41", "end": "00:01:45", "text": "is a framework for me. Maybe you do not"}, {"start": "00:01:43", "end": "00:01:47", "text": "agree with it, but I am telling you in"}, {"start": "00:01:45", "end": "00:01:50", "text": "terms of how I view these cycles now, it"}, {"start": "00:01:47", "end": "00:01:52", "text": "is very much so from a macroeconomic"}, {"start": "00:01:50", "end": "00:01:54", "text": "standpoint. Right now, we just launched"}, {"start": "00:01:52", "end": "00:01:57", "text": "our business cycle index. We are coming"}, {"start": "00:01:54", "end": "00:01:59", "text": "out of just record-breaking contraction"}, {"start": "00:01:57", "end": "00:02:02", "text": "of the business cycle. We just got our"}, {"start": "00:01:59", "end": "00:02:04", "text": "first expansion uh trigger in this"}, {"start": "00:02:02", "end": "00:02:07", "text": "system. You can't even see it yet. It's"}, {"start": "00:02:04", "end": "00:02:09", "text": "brand new. But we just printed above 51"}, {"start": "00:02:07", "end": "00:02:11", "text": "for three months in a row. That's the"}, {"start": "00:02:09", "end": "00:02:13", "text": "rule. And after 50 months of"}, {"start": "00:02:11", "end": "00:02:15", "text": "contraction, we just got expansion. This"}, {"start": "00:02:13", "end": "00:02:17", "text": "is when bull markets happen. These"}, {"start": "00:02:15", "end": "00:02:19", "text": "expansion phases for crypto. This is"}, {"start": "00:02:17", "end": "00:02:21", "text": "what we're entering. So, as we start"}, {"start": "00:02:19", "end": "00:02:24", "text": "kind of dissecting these plans for"}, {"start": "00:02:21", "end": "00:02:25", "text": "profit taking in our profit ladder, I"}, {"start": "00:02:24", "end": "00:02:27", "text": "really just want you to keep that in"}, {"start": "00:02:25", "end": "00:02:29", "text": "mind. There's a reason why I am thinking"}, {"start": "00:02:27", "end": "00:02:31", "text": "right now is the time to do this, right?"}, {"start": "00:02:29", "end": "00:02:33", "text": "We're not at the top of a bull market"}, {"start": "00:02:31", "end": "00:02:35", "text": "that I'm doing this. We're pre-bull"}, {"start": "00:02:33", "end": "00:02:37", "text": "market in my opinion. And going back to"}, {"start": "00:02:35", "end": "00:02:39", "text": "this chart and then we're going to get"}, {"start": "00:02:37", "end": "00:02:41", "text": "into the profit ladder and go over this"}, {"start": "00:02:39", "end": "00:02:43", "text": "system. When we're looking at this, I"}, {"start": "00:02:41", "end": "00:02:46", "text": "want you to also remember we just came"}, {"start": "00:02:43", "end": "00:02:47", "text": "out of the second ever quantitative"}, {"start": "00:02:46", "end": "00:02:50", "text": "tightening that ever happened. This was"}, {"start": "00:02:47", "end": "00:02:52", "text": "the first. This was the second. It was"}, {"start": "00:02:50", "end": "00:02:55", "text": "record-breaking liquidity extraction."}, {"start": "00:02:52", "end": "00:02:57", "text": "And QT just ended in December 2025. We"}, {"start": "00:02:55", "end": "00:02:59", "text": "went through the normalization phase"}, {"start": "00:02:57", "end": "00:03:01", "text": "that I talked all year about. And now"}, {"start": "00:02:59", "end": "00:03:04", "text": "we're at this pivot point, the similar"}, {"start": "00:03:01", "end": "00:03:06", "text": "pivot point of postQT last cycle, right?"}, {"start": "00:03:04", "end": "00:03:09", "text": "And so there's no guarantee we're going"}, {"start": "00:03:06", "end": "00:03:12", "text": "to go into this exact similar expansion"}, {"start": "00:03:09", "end": "00:03:14", "text": "phase, but in terms of cycles from a"}, {"start": "00:03:12", "end": "00:03:16", "text": "macroeconomics perspective, this is"}, {"start": "00:03:14", "end": "00:03:20", "text": "exactly where I think we are. this shift"}, {"start": "00:03:16", "end": "00:03:22", "text": "from contraction for years to expansion."}, {"start": "00:03:20", "end": "00:03:27", "text": "And so I want you to understand I do not"}, {"start": "00:03:22", "end": "00:03:28", "text": "think that any of us really roundt a"}, {"start": "00:03:27", "end": "00:03:30", "text": "bull cycle because I don't think this"}, {"start": "00:03:28", "end": "00:03:31", "text": "was the bull cycle. I want you to"}, {"start": "00:03:30", "end": "00:03:33", "text": "understand that as I go on this video."}, {"start": "00:03:31", "end": "00:03:36", "text": "You do not have to agree with that. But"}, {"start": "00:03:33", "end": "00:03:39", "text": "that's where I'm coming from. Last cycle"}, {"start": "00:03:36", "end": "00:03:41", "text": "I did a way better job of taking profits"}, {"start": "00:03:39", "end": "00:03:44", "text": "but is nowhere near as effective as I"}, {"start": "00:03:41", "end": "00:03:46", "text": "would like like to have been. and this"}, {"start": "00:03:44", "end": "00:03:48", "text": "cycle. Now, we have the tools. If you've"}, {"start": "00:03:46", "end": "00:03:49", "text": "been in our system, if you're a member"}, {"start": "00:03:48", "end": "00:03:52", "text": "and you're watching this tutorial in our"}, {"start": "00:03:49", "end": "00:03:54", "text": "system, um, and even if you're not a"}, {"start": "00:03:52", "end": "00:03:56", "text": "member yet, you know, we have our risk"}, {"start": "00:03:54", "end": "00:03:58", "text": "models back here. And this is going to"}, {"start": "00:03:56", "end": "00:04:01", "text": "play heavily into the foundation of the"}, {"start": "00:03:58", "end": "00:04:04", "text": "profit ladder system that we're about to"}, {"start": "00:04:01", "end": "00:04:05", "text": "look at. So the other thing is besides"}, {"start": "00:04:04", "end": "00:04:07", "text": "just where we are in the business cycle"}, {"start": "00:04:05", "end": "00:04:09", "text": "and all of that, I want you to"}, {"start": "00:04:07", "end": "00:04:11", "text": "understand when you look at our risk"}, {"start": "00:04:09", "end": "00:04:13", "text": "models for instance and if you go to our"}, {"start": "00:04:11", "end": "00:04:16", "text": "altcoin market cap risk model, it's at a"}, {"start": "00:04:13", "end": "00:04:18", "text": "12. So risk is low. We are in pre-bull"}, {"start": "00:04:16", "end": "00:04:20", "text": "market era in terms of risk in my"}, {"start": "00:04:18", "end": "00:04:22", "text": "opinion and it's based on this risk"}, {"start": "00:04:20", "end": "00:04:25", "text": "model and this really displays and vis"}, {"start": "00:04:22", "end": "00:04:27", "text": "visualiz visualizes why I don't think"}, {"start": "00:04:25", "end": "00:04:28", "text": "we've had the bull market. So let's get"}, {"start": "00:04:27", "end": "00:04:30", "text": "into different scenarios. I want to in"}, {"start": "00:04:28", "end": "00:04:32", "text": "this video I'm going to go through um"}, {"start": "00:04:30", "end": "00:04:37", "text": "what do we have here? We have some"}, {"start": "00:04:32", "end": "00:04:39", "text": "Knight, we have some uh SUI, we have"}, {"start": "00:04:37", "end": "00:04:42", "text": "dog, we have Cardano. I'm going to go"}, {"start": "00:04:39", "end": "00:04:44", "text": "through a bunch of these scenarios to"}, {"start": "00:04:42", "end": "00:04:46", "text": "show you how this profit ladder works."}, {"start": "00:04:44", "end": "00:04:48", "text": "And I really just wanted to lay the"}, {"start": "00:04:46", "end": "00:04:50", "text": "framework because it's not just, hey,"}, {"start": "00:04:48", "end": "00:04:52", "text": "let's ladder out, but like if if price"}, {"start": "00:04:50", "end": "00:04:55", "text": "starts going up, let's ladder out. It's"}, {"start": "00:04:52", "end": "00:04:57", "text": "not just that simple. The tool will"}, {"start": "00:04:55", "end": "00:04:59", "text": "visualize this in such a powerful way,"}, {"start": "00:04:57", "end": "00:05:02", "text": "but it's where we are at this very"}, {"start": "00:04:59", "end": "00:05:05", "text": "moment of the cycle. And that is to say,"}, {"start": "00:05:02", "end": "00:05:07", "text": "we are coming out of record-breaking"}, {"start": "00:05:05", "end": "00:05:09", "text": "liquidity extraction, record-breaking"}, {"start": "00:05:07", "end": "00:05:11", "text": "contraction of the business cycle,"}, {"start": "00:05:09", "end": "00:05:14", "text": "getting ready to go into expansion in a"}, {"start": "00:05:11", "end": "00:05:18", "text": "way that we have not had since 2020 to"}, {"start": "00:05:14", "end": "00:05:21", "text": "2021. and we can start actually taking"}, {"start": "00:05:18", "end": "00:05:23", "text": "profits on our way not only out of"}, {"start": "00:05:21", "end": "00:05:25", "text": "contraction but to maybe new all-time"}, {"start": "00:05:23", "end": "00:05:28", "text": "highs. That's what this tool is doing."}, {"start": "00:05:25", "end": "00:05:30", "text": "And it is at the confluence of a"}, {"start": "00:05:28", "end": "00:05:35", "text": "business cycle shift and it's at the"}, {"start": "00:05:30", "end": "00:05:37", "text": "confluence of a very lowrisk uh model in"}, {"start": "00:05:35", "end": "00:05:38", "text": "a lot of our coins that are back here."}, {"start": "00:05:37", "end": "00:05:41", "text": "So this is where things become very"}, {"start": "00:05:38", "end": "00:05:43", "text": "exciting and this is also the time to"}, {"start": "00:05:41", "end": "00:05:44", "text": "start planning. This is the time to"}, {"start": "00:05:43", "end": "00:05:46", "text": "start using tools like this. Even if"}, {"start": "00:05:44", "end": "00:05:48", "text": "it's not this tool, I'm telling you"}, {"start": "00:05:46", "end": "00:05:50", "text": "right now, you want to sit down with a"}, {"start": "00:05:48", "end": "00:05:52", "text": "pen and paper and come up with your your"}, {"start": "00:05:50", "end": "00:05:53", "text": "exit plan. So, let's go over this new"}, {"start": "00:05:52", "end": "00:05:55", "text": "tool. I'm really excited to bring it to"}, {"start": "00:05:53", "end": "00:05:57", "text": "you. This was this was me sitting"}, {"start": "00:05:55", "end": "00:05:59", "text": "outside the other day. I'm like, I know"}, {"start": "00:05:57", "end": "00:06:02", "text": "we have our exit planner. I know we have"}, {"start": "00:05:59", "end": "00:06:05", "text": "our risk models, right? 22 is Cardano"}, {"start": "00:06:02", "end": "00:06:08", "text": "and you go to something like, you know,"}, {"start": "00:06:05", "end": "00:06:09", "text": "uh midnight at a 40. I know we have"}, {"start": "00:06:08", "end": "00:06:12", "text": "these tools and they are going to be"}, {"start": "00:06:09", "end": "00:06:14", "text": "exceptionally important for planning."}, {"start": "00:06:12", "end": "00:06:15", "text": "But there was this thought I had and you"}, {"start": "00:06:14", "end": "00:06:16", "text": "can go to midnight. Let's start on"}, {"start": "00:06:15", "end": "00:06:19", "text": "midnight. I want to show you this kind"}, {"start": "00:06:16", "end": "00:06:21", "text": "of this visualization."}, {"start": "00:06:19", "end": "00:06:23", "text": "It's I know where something like"}, {"start": "00:06:21", "end": "00:06:25", "text": "midnight could go, right? Just to give"}, {"start": "00:06:23", "end": "00:06:27", "text": "you a sense. $50 billion market cap is"}, {"start": "00:06:25", "end": "00:06:29", "text": "$3. You might just be like, there's"}, {"start": "00:06:27", "end": "00:06:31", "text": "absolutely no way. Midnight's not even"}, {"start": "00:06:29", "end": "00:06:35", "text": "going to a dollar. That's fine. It's"}, {"start": "00:06:31", "end": "00:06:36", "text": "your opinion. But this is my point."}, {"start": "00:06:35", "end": "00:06:38", "text": "Cardano last cycle, for instance, and"}, {"start": "00:06:36", "end": "00:06:40", "text": "there's this dramatic story unfolding"}, {"start": "00:06:38", "end": "00:06:42", "text": "with Midnight and Cardano. I wanted to"}, {"start": "00:06:40", "end": "00:06:44", "text": "use both these in this video, but"}, {"start": "00:06:42", "end": "00:06:46", "text": "Cardono last cycle went to around a"}, {"start": "00:06:44", "end": "00:06:47", "text": "hundred billion market cap. Midnight, I"}, {"start": "00:06:46", "end": "00:06:49", "text": "don't know if you're watching, is"}, {"start": "00:06:47", "end": "00:06:52", "text": "getting incredible legs from a narrative"}, {"start": "00:06:49", "end": "00:06:54", "text": "perspective, from a like partnership"}, {"start": "00:06:52", "end": "00:06:56", "text": "perspective. This could be like one of"}, {"start": "00:06:54", "end": "00:06:58", "text": "the best plays of the cycle. Why could"}, {"start": "00:06:56", "end": "00:07:01", "text": "it not go to 100 billion? It could."}, {"start": "00:06:58", "end": "00:07:03", "text": "That's $6. That's not my base case, but"}, {"start": "00:07:01", "end": "00:07:05", "text": "I'm just saying for the purpose of this"}, {"start": "00:07:03", "end": "00:07:06", "text": "video and what really made me think of"}, {"start": "00:07:05", "end": "00:07:09", "text": "this tool,"}, {"start": "00:07:06", "end": "00:07:12", "text": "what if these cryptos are going crazy?"}, {"start": "00:07:09", "end": "00:07:14", "text": "What if I sell too early? What if I"}, {"start": "00:07:12", "end": "00:07:16", "text": "don't have exposure for something like"}, {"start": "00:07:14", "end": "00:07:18", "text": "midnight? If it's 25 billion plus, I"}, {"start": "00:07:16", "end": "00:07:19", "text": "mean, I'm talking 25 billion on this"}, {"start": "00:07:18", "end": "00:07:22", "text": "chart is actually I need to move this up"}, {"start": "00:07:19", "end": "00:07:23", "text": "a little, but it's around a$150. What if"}, {"start": "00:07:22", "end": "00:07:27", "text": "I don't have any midnight left in this"}, {"start": "00:07:23", "end": "00:07:29", "text": "range? A$150, $3, $6."}, {"start": "00:07:27", "end": "00:07:32", "text": "How can I plan now where I would"}, {"start": "00:07:29", "end": "00:07:35", "text": "actually be happy with my profit taking"}, {"start": "00:07:32", "end": "00:07:38", "text": "if it topped here at 30 cents and then"}, {"start": "00:07:35", "end": "00:07:41", "text": "we fell into a bare market? I'd be happy"}, {"start": "00:07:38", "end": "00:07:44", "text": "with what happened here. But at the same"}, {"start": "00:07:41", "end": "00:07:47", "text": "time, I'd be happy if I started taking"}, {"start": "00:07:44", "end": "00:07:50", "text": "profit all here or here or here and we"}, {"start": "00:07:47", "end": "00:07:53", "text": "actually did go to $6. What What would"}, {"start": "00:07:50", "end": "00:07:56", "text": "that look like? This is this is the tool"}, {"start": "00:07:53", "end": "00:07:59", "text": "that I came up with and it pairs so"}, {"start": "00:07:56", "end": "00:08:01", "text": "insanely well with our risk models that"}, {"start": "00:07:59", "end": "00:08:02", "text": "are back here in our system. And I think"}, {"start": "00:08:01", "end": "00:08:03", "text": "the tools are coming together at least"}, {"start": "00:08:02", "end": "00:08:05", "text": "for me. And I was just I just sent a"}, {"start": "00:08:03", "end": "00:08:07", "text": "video a video to the guys Aleandro and"}, {"start": "00:08:05", "end": "00:08:08", "text": "Axel. I'm like"}, {"start": "00:08:07", "end": "00:08:12", "text": "put aside what we're trying to build"}, {"start": "00:08:08", "end": "00:08:15", "text": "here as a company. I'm I'm just this is"}, {"start": "00:08:12", "end": "00:08:19", "text": "so invaluable to me. Like I'm just happy"}, {"start": "00:08:15", "end": "00:08:21", "text": "we have it. And so here's Profit Ladder"}, {"start": "00:08:19", "end": "00:08:24", "text": "for Midnight. Let's start here. Let me"}, {"start": "00:08:21", "end": "00:08:26", "text": "break it down how to use this thing cuz"}, {"start": "00:08:24", "end": "00:08:28", "text": "that's really the purpose of the video."}, {"start": "00:08:26", "end": "00:08:30", "text": "2 million night. Let's just say you have"}, {"start": "00:08:28", "end": "00:08:33", "text": "you you hold a couple million night and"}, {"start": "00:08:30", "end": "00:08:35", "text": "at live pricing this is worth $96,000"}, {"start": "00:08:33", "end": "00:08:38", "text": "right around there. So here's how the"}, {"start": "00:08:35", "end": "00:08:42", "text": "tool works. The thought was what if I"}, {"start": "00:08:38", "end": "00:08:44", "text": "sold 10% of my portfolio? I'm sorry."}, {"start": "00:08:42", "end": "00:08:50", "text": "What if I sold for every 10% move in an"}, {"start": "00:08:44", "end": "00:08:53", "text": "asset it goes up 10% I sold 1%."}, {"start": "00:08:50", "end": "00:08:55", "text": "of my portfolio. That was the thought I"}, {"start": "00:08:53", "end": "00:08:57", "text": "had. What would that look like? Is that"}, {"start": "00:08:55", "end": "00:08:59", "text": "is would that be a would that look"}, {"start": "00:08:57", "end": "00:09:01", "text": "ridiculous? Is that a bad plan? And"}, {"start": "00:08:59", "end": "00:09:03", "text": "actually, I just I just charted this. I"}, {"start": "00:09:01", "end": "00:09:06", "text": "just put this on here with you. And this"}, {"start": "00:09:03", "end": "00:09:09", "text": "plan goes to $2. Let's change this."}, {"start": "00:09:06", "end": "00:09:13", "text": "Let's change this to let's just put it"}, {"start": "00:09:09", "end": "00:09:16", "text": "$2.50. Right? So, we're visualizing this"}, {"start": "00:09:13", "end": "00:09:20", "text": "scenario, right? Where knight is kind of"}, {"start": "00:09:16", "end": "00:09:22", "text": "up here. $250. It's going crazy and"}, {"start": "00:09:20", "end": "00:09:24", "text": "we're visualizing that scenario not so"}, {"start": "00:09:22", "end": "00:09:27", "text": "we're saying we're going to sell there"}, {"start": "00:09:24", "end": "00:09:28", "text": "but it's giving us that room to say how"}, {"start": "00:09:27", "end": "00:09:31", "text": "much how much left over do I want to"}, {"start": "00:09:28", "end": "00:09:32", "text": "have in that range right so going to the"}, {"start": "00:09:31", "end": "00:09:35", "text": "profit ladder here's what it looks like"}, {"start": "00:09:32", "end": "00:09:37", "text": "if"}, {"start": "00:09:35", "end": "00:09:38", "text": "and this is starting live pricing let's"}, {"start": "00:09:37", "end": "00:09:40", "text": "actually change this to custom because"}, {"start": "00:09:38", "end": "00:09:41", "text": "if you go to a night chart by the way"}, {"start": "00:09:40", "end": "00:09:44", "text": "the starting price where you even want"}, {"start": "00:09:41", "end": "00:09:45", "text": "to start taking profit for me is not"}, {"start": "00:09:44", "end": "00:09:47", "text": "going to be here I can tell you that"}, {"start": "00:09:45", "end": "00:09:51", "text": "much I don't even think it would really"}, {"start": "00:09:47", "end": "00:09:53", "text": "be at 11 cents, but let's just put it"}, {"start": "00:09:51", "end": "00:09:55", "text": "let's put it at 20 cents, the starting"}, {"start": "00:09:53", "end": "00:09:57", "text": "point. Okay? Or we can leave it here."}, {"start": "00:09:55", "end": "00:10:00", "text": "It's at 25 cents. That's the starting"}, {"start": "00:09:57", "end": "00:10:02", "text": "point. If I take profit for every 10%"}, {"start": "00:10:00", "end": "00:10:06", "text": "move that Knight does, and I sell just"}, {"start": "00:10:02", "end": "00:10:11", "text": "1% of my port night portfolio, every 10%"}, {"start": "00:10:06", "end": "00:10:14", "text": "move, I will have $416,000"}, {"start": "00:10:11", "end": "00:10:16", "text": "by the time it gets to 200 $2.50."}, {"start": "00:10:14", "end": "00:10:18", "text": "And you might and and by the way still"}, {"start": "00:10:16", "end": "00:10:19", "text": "invested is 3.9 million. So you might"}, {"start": "00:10:18", "end": "00:10:21", "text": "right off the bat I mean I am as I'm"}, {"start": "00:10:19", "end": "00:10:24", "text": "going through the scenario. I'm kind of"}, {"start": "00:10:21", "end": "00:10:27", "text": "like no thank you. I'm not going to"}, {"start": "00:10:24", "end": "00:10:29", "text": "leave $3.9 million exposed to this"}, {"start": "00:10:27", "end": "00:10:30", "text": "market. So basically if you go back to"}, {"start": "00:10:29", "end": "00:10:32", "text": "the night chart and I know it's"}, {"start": "00:10:30", "end": "00:10:36", "text": "incredibly messy. Let me clean up a"}, {"start": "00:10:32", "end": "00:10:37", "text": "little bit. But night sitting at $2.50"}, {"start": "00:10:36", "end": "00:10:39", "text": "all the way up here and I only took like"}, {"start": "00:10:37", "end": "00:10:41", "text": "300 something thousand profit in this"}, {"start": "00:10:39", "end": "00:10:44", "text": "scenario and I have like 4 million left"}, {"start": "00:10:41", "end": "00:10:46", "text": "over. Not happening. So that's where you"}, {"start": "00:10:44", "end": "00:10:47", "text": "start adjusting this scenario. And this"}, {"start": "00:10:46", "end": "00:10:51", "text": "is where it becomes kind of powerful."}, {"start": "00:10:47", "end": "00:10:53", "text": "And you might just be like, I sell 3%"}, {"start": "00:10:51", "end": "00:10:56", "text": "for every 10% move to the upside."}, {"start": "00:10:53", "end": "00:10:59", "text": "Remember this starts at 25, right? So at"}, {"start": "00:10:56", "end": "00:11:02", "text": "25 cents, you're starting to sell. And"}, {"start": "00:10:59", "end": "00:11:04", "text": "it will show you the lading out of this"}, {"start": "00:11:02", "end": "00:11:05", "text": "plan. And it it's very interesting. One"}, {"start": "00:11:04", "end": "00:11:08", "text": "of the first things that was interesting"}, {"start": "00:11:05", "end": "00:11:10", "text": "to me is you think about this concept of"}, {"start": "00:11:08", "end": "00:11:13", "text": "every 10% move knight does, I'm selling"}, {"start": "00:11:10", "end": "00:11:15", "text": "3%. That must be a lot of like a ton of"}, {"start": "00:11:13", "end": "00:11:19", "text": "different cells. It's in this scenario"}, {"start": "00:11:15", "end": "00:11:23", "text": "exactly. It's only 24 cells. It's 24"}, {"start": "00:11:19", "end": "00:11:28", "text": "profit ladders levels. And that is so"}, {"start": "00:11:23", "end": "00:11:32", "text": "powerful to me to start now visualizing"}, {"start": "00:11:28", "end": "00:11:34", "text": "this version of Dan that is responsible."}, {"start": "00:11:32", "end": "00:11:38", "text": "Go figure everybody. You might be like,"}, {"start": "00:11:34", "end": "00:11:39", "text": "man, selling at 30 cents. Like if you go"}, {"start": "00:11:38", "end": "00:11:42", "text": "if if you're a night bull, you might be"}, {"start": "00:11:39", "end": "00:11:43", "text": "selling at 30 cents."}, {"start": "00:11:42", "end": "00:11:45", "text": "You might want to sell everything at 30"}, {"start": "00:11:43", "end": "00:11:47", "text": "cents. I don't know what your situation"}, {"start": "00:11:45", "end": "00:11:49", "text": "is, by the way, everybody. Everybody's"}, {"start": "00:11:47", "end": "00:11:51", "text": "different. We are all different. But"}, {"start": "00:11:49", "end": "00:11:55", "text": "selling at 30 cents, if this thing's"}, {"start": "00:11:51", "end": "00:11:58", "text": "going to $3, I sold way too early. But"}, {"start": "00:11:55", "end": "00:12:03", "text": "here it is. Selling at 27,"}, {"start": "00:11:58", "end": "00:12:03", "text": "you're you're cashing out $16,500."}, {"start": "00:12:03", "end": "00:12:09", "text": "at 30 cents, you're cashing out uh a"}, {"start": "00:12:06", "end": "00:12:11", "text": "total of 34,000, right? And then it just"}, {"start": "00:12:09", "end": "00:12:15", "text": "accumulates. These are like there's an"}, {"start": "00:12:11", "end": "00:12:20", "text": "$18,000 sale. Here's a $20,000 sale at"}, {"start": "00:12:15", "end": "00:12:22", "text": "36. Here's a 40 here's a $21,000 sale."}, {"start": "00:12:20", "end": "00:12:26", "text": "And by the time it's at 40 or by the"}, {"start": "00:12:22", "end": "00:12:29", "text": "time it's at, let's say, 58, you've sold"}, {"start": "00:12:26", "end": "00:12:32", "text": "195,000"}, {"start": "00:12:29", "end": "00:12:35", "text": "and you still have exposure to the"}, {"start": "00:12:32", "end": "00:12:38", "text": "market. So, this is what this is doing."}, {"start": "00:12:35", "end": "00:12:40", "text": "So, in this scenario, at $2.50,"}, {"start": "00:12:38", "end": "00:12:42", "text": "you have sold almost a million and you"}, {"start": "00:12:40", "end": "00:12:43", "text": "still have 2.4 million. And you might"}, {"start": "00:12:42", "end": "00:12:46", "text": "just be like, \"No, that's still too much"}, {"start": "00:12:43", "end": "00:12:49", "text": "left over.\" Boom. How about if you sold"}, {"start": "00:12:46", "end": "00:12:53", "text": "5% of your night portfolio every 10%"}, {"start": "00:12:49", "end": "00:12:57", "text": "move, that's 24 cells, 24 levels, and"}, {"start": "00:12:53", "end": "00:12:59", "text": "you still at $2.50, you still have 1.4"}, {"start": "00:12:57", "end": "00:13:00", "text": "left over in that scenario. It does go"}, {"start": "00:12:59", "end": "00:13:03", "text": "to hundred billion market cap. It's"}, {"start": "00:13:00", "end": "00:13:06", "text": "going to $6. You still have 1.4. for and"}, {"start": "00:13:03", "end": "00:13:09", "text": "you might be like, \"No, I don't need 1.4"}, {"start": "00:13:06", "end": "00:13:12", "text": "million by then. Change it to 8%.\""}, {"start": "00:13:09", "end": "00:13:14", "text": "You're selling 8% every 10% move, right?"}, {"start": "00:13:12", "end": "00:13:16", "text": "And you you just keep messing around"}, {"start": "00:13:14", "end": "00:13:19", "text": "with it. Maybe it's maybe this is a good"}, {"start": "00:13:16", "end": "00:13:22", "text": "one. Sell 10% of your portfolio every"}, {"start": "00:13:19", "end": "00:13:24", "text": "10% move to the upside on nights. You"}, {"start": "00:13:22", "end": "00:13:26", "text": "will have sold 24 times. You will have"}, {"start": "00:13:24", "end": "00:13:29", "text": "made over a million dollar. and you will"}, {"start": "00:13:26", "end": "00:13:34", "text": "have almost $400,000 exposed to the"}, {"start": "00:13:29", "end": "00:13:37", "text": "market at $259 if it just so happens to"}, {"start": "00:13:34", "end": "00:13:39", "text": "just go to $5 or more, right? You have"}, {"start": "00:13:37", "end": "00:13:40", "text": "that exposure, but you've cashed out."}, {"start": "00:13:39", "end": "00:13:42", "text": "You've done the right thing. I mean, you"}, {"start": "00:13:40", "end": "00:13:44", "text": "can be in the upper curve here. You"}, {"start": "00:13:42", "end": "00:13:46", "text": "could just hold the entire thing, right?"}, {"start": "00:13:44", "end": "00:13:48", "text": "You you cannot sell. You might just be"}, {"start": "00:13:46", "end": "00:13:50", "text": "like, I'm not selling anything of my"}, {"start": "00:13:48", "end": "00:13:53", "text": "night and by the time it gets to 200"}, {"start": "00:13:50", "end": "00:13:56", "text": "$2.50, I have 5 million and then I'll"}, {"start": "00:13:53", "end": "00:13:59", "text": "sell. Have fun with that. That is just"}, {"start": "00:13:56", "end": "00:14:00", "text": "insane risk that"}, {"start": "00:13:59", "end": "00:14:02", "text": "I don't give advice on this YouTube"}, {"start": "00:14:00", "end": "00:14:05", "text": "channel. I really don't. But I will say"}, {"start": "00:14:02", "end": "00:14:06", "text": "that's crazy. That's just crazy. But"}, {"start": "00:14:05", "end": "00:14:08", "text": "this will lay out the scenarios and once"}, {"start": "00:14:06", "end": "00:14:10", "text": "you have your plan, it'll actually just"}, {"start": "00:14:08", "end": "00:14:12", "text": "show you all of your sales. Like this is"}, {"start": "00:14:10", "end": "00:14:14", "text": "what it looks like. It'll show you your"}, {"start": "00:14:12", "end": "00:14:16", "text": "token remaining as you're going as"}, {"start": "00:14:14", "end": "00:14:19", "text": "you're as you're kind of making these"}, {"start": "00:14:16", "end": "00:14:22", "text": "sales. It will show you your cumulative"}, {"start": "00:14:19", "end": "00:14:24", "text": "cash as you're making these sales. and"}, {"start": "00:14:22", "end": "00:14:27", "text": "it gives you all the all the possible"}, {"start": "00:14:24", "end": "00:14:30", "text": "data that you need, right, to make the"}, {"start": "00:14:27", "end": "00:14:31", "text": "decision um in terms of how you want"}, {"start": "00:14:30", "end": "00:14:33", "text": "this plan to look. And then you go to"}, {"start": "00:14:31", "end": "00:14:36", "text": "something like Cardano. Here's a plan"}, {"start": "00:14:33", "end": "00:14:39", "text": "selling uh every 8% move to the upside"}, {"start": "00:14:36", "end": "00:14:42", "text": "uh selling 10% each time. And by the"}, {"start": "00:14:39", "end": "00:14:45", "text": "way, I have a a just round number a"}, {"start": "00:14:42", "end": "00:14:48", "text": "million ADA or I'm sorry, a million ADA."}, {"start": "00:14:45", "end": "00:14:50", "text": "So today's price that's $257,000 in the"}, {"start": "00:14:48", "end": "00:14:52", "text": "market. But maybe you want to be like 75"}, {"start": "00:14:50", "end": "00:14:55", "text": "cents is the starting point. I'm not"}, {"start": "00:14:52", "end": "00:14:57", "text": "taking any profit on ADA until 75 cents"}, {"start": "00:14:55", "end": "00:14:58", "text": "minimum, but I'm going to do the"}, {"start": "00:14:57", "end": "00:15:01", "text": "responsible thing. I'm not going to wait"}, {"start": "00:14:58", "end": "00:15:02", "text": "till all-time high of last cycle. I'm"}, {"start": "00:15:01", "end": "00:15:04", "text": "going to do the responsible thing and"}, {"start": "00:15:02", "end": "00:15:06", "text": "start lading out. Well, if you started"}, {"start": "00:15:04", "end": "00:15:09", "text": "doing that and you're selling 10% of"}, {"start": "00:15:06", "end": "00:15:12", "text": "your ADA portfolio each time, you're"}, {"start": "00:15:09", "end": "00:15:15", "text": "making 18 total sales up to $3. That's"}, {"start": "00:15:12", "end": "00:15:18", "text": "what we have here. And at $3, you will"}, {"start": "00:15:15", "end": "00:15:20", "text": "have made over a million dollars. and"}, {"start": "00:15:18", "end": "00:15:23", "text": "you've still have invested $450,000."}, {"start": "00:15:20", "end": "00:15:24", "text": "Maybe you like that, maybe you don't."}, {"start": "00:15:23", "end": "00:15:26", "text": "Maybe you want to have way less exposed"}, {"start": "00:15:24", "end": "00:15:29", "text": "to the market at $3 and you want to have"}, {"start": "00:15:26", "end": "00:15:31", "text": "made more money, you adjust the plan."}, {"start": "00:15:29", "end": "00:15:33", "text": "And so the thing the thing where it"}, {"start": "00:15:31", "end": "00:15:36", "text": "becomes powerful if you have something"}, {"start": "00:15:33", "end": "00:15:39", "text": "like Knight or ADA or whatever, you go"}, {"start": "00:15:36", "end": "00:15:43", "text": "into the risk model because alongside"}, {"start": "00:15:39", "end": "00:15:44", "text": "this plan of having your profit ladder,"}, {"start": "00:15:43", "end": "00:15:46", "text": "you're going to want to monitor the risk"}, {"start": "00:15:44", "end": "00:15:48", "text": "of the market. everybody. You really"}, {"start": "00:15:46", "end": "00:15:49", "text": "are. And if actually if you go look at"}, {"start": "00:15:48", "end": "00:15:52", "text": "the risk model for Cardano, for"}, {"start": "00:15:49", "end": "00:15:55", "text": "instance, I mean, imagine Cardano is"}, {"start": "00:15:52", "end": "00:15:57", "text": "getting into the 80s. You want to watch"}, {"start": "00:15:55", "end": "00:16:00", "text": "that happen alongside your profit ladder"}, {"start": "00:15:57", "end": "00:16:01", "text": "uh system because you might be like, I'm"}, {"start": "00:16:00", "end": "00:16:02", "text": "good. I mean, we've already started"}, {"start": "00:16:01", "end": "00:16:05", "text": "taking profit. Actually, we started"}, {"start": "00:16:02", "end": "00:16:07", "text": "taking profit when risk was in the 60s."}, {"start": "00:16:05", "end": "00:16:10", "text": "By the way, risk is 22 right now. We"}, {"start": "00:16:07", "end": "00:16:13", "text": "already started taking profit at 47,"}, {"start": "00:16:10", "end": "00:16:15", "text": "right? Uh at risk of 47. And yeah, we're"}, {"start": "00:16:13", "end": "00:16:17", "text": "in the 80s now, but it's been cruising"}, {"start": "00:16:15", "end": "00:16:19", "text": "nicely. I like the profit I've taken so"}, {"start": "00:16:17", "end": "00:16:20", "text": "far. I'm leaving it. Or you might just"}, {"start": "00:16:19", "end": "00:16:22", "text": "be like, \"Dude, this is getting like"}, {"start": "00:16:20", "end": "00:16:24", "text": "very overheated very fast. I'm actually"}, {"start": "00:16:22", "end": "00:16:26", "text": "going to go a little heavier on my"}, {"start": "00:16:24", "end": "00:16:28", "text": "sales.\" And you you can update your"}, {"start": "00:16:26", "end": "00:16:29", "text": "profit ladder, right? So, you're going"}, {"start": "00:16:28", "end": "00:16:31", "text": "to want to monitor this and you can"}, {"start": "00:16:29", "end": "00:16:33", "text": "manage your risk alerts. You can set up"}, {"start": "00:16:31", "end": "00:16:36", "text": "different risk levels back here and you"}, {"start": "00:16:33", "end": "00:16:37", "text": "can save your your your plan and be"}, {"start": "00:16:36", "end": "00:16:40", "text": "notified when we hit these risk levels"}, {"start": "00:16:37", "end": "00:16:42", "text": "in the system. So, you're keeping an eye"}, {"start": "00:16:40", "end": "00:16:45", "text": "on risk because remember everybody, as I"}, {"start": "00:16:42", "end": "00:16:48", "text": "mentioned, this isn't just about just"}, {"start": "00:16:45", "end": "00:16:49", "text": "lading out, just guessing, taking"}, {"start": "00:16:48", "end": "00:16:51", "text": "profit. This is a good idea to take"}, {"start": "00:16:49", "end": "00:16:53", "text": "profit and set your set your cells."}, {"start": "00:16:51", "end": "00:16:56", "text": "That's a good idea. But when you"}, {"start": "00:16:53", "end": "00:16:59", "text": "actually have and you can identify where"}, {"start": "00:16:56", "end": "00:17:02", "text": "we are from a risk perspective during"}, {"start": "00:16:59", "end": "00:17:05", "text": "that profit taking and you can identify"}, {"start": "00:17:02", "end": "00:17:07", "text": "what the business cycle is doing during"}, {"start": "00:17:05", "end": "00:17:09", "text": "that profit taking. When you can"}, {"start": "00:17:07", "end": "00:17:11", "text": "identify all these things now you have a"}, {"start": "00:17:09", "end": "00:17:14", "text": "clarity and you have kind of this"}, {"start": "00:17:11", "end": "00:17:15", "text": "leverage that most of the market does"}, {"start": "00:17:14", "end": "00:17:17", "text": "not have because you have all of these"}, {"start": "00:17:15", "end": "00:17:20", "text": "different data points playing into your"}, {"start": "00:17:17", "end": "00:17:22", "text": "decision. It's not just guessing. So"}, {"start": "00:17:20", "end": "00:17:23", "text": "these are what the profit ladders look"}, {"start": "00:17:22", "end": "00:17:26", "text": "like. And then you go to something like"}, {"start": "00:17:23", "end": "00:17:29", "text": "SUI. We have a, you know, maybe you have"}, {"start": "00:17:26", "end": "00:17:30", "text": "250,000 SUI valued at right now would be"}, {"start": "00:17:29", "end": "00:17:32", "text": "282,000."}, {"start": "00:17:30", "end": "00:17:34", "text": "And you you want to be like, you know"}, {"start": "00:17:32", "end": "00:17:36", "text": "what, I'm not touching SUI until $2.50."}, {"start": "00:17:34", "end": "00:17:38", "text": "I know that. And this is what my plan"}, {"start": "00:17:36", "end": "00:17:42", "text": "will be. I'm going to take profit every"}, {"start": "00:17:38", "end": "00:17:44", "text": "25% move that SUI does, right? From"}, {"start": "00:17:42", "end": "00:17:47", "text": "$2.50,"}, {"start": "00:17:44", "end": "00:17:51", "text": "I'm going to sell 15% each time. And"}, {"start": "00:17:47", "end": "00:17:53", "text": "this will go to an $11. And this is"}, {"start": "00:17:51", "end": "00:17:54", "text": "where we we we say, you know what, SU"}, {"start": "00:17:53", "end": "00:17:58", "text": "could go to 100 billion. It could go to"}, {"start": "00:17:54", "end": "00:18:01", "text": "$24. I just have conservatively like $11"}, {"start": "00:17:58", "end": "00:18:03", "text": "in this area. And by the way, just just"}, {"start": "00:18:01", "end": "00:18:06", "text": "so you know, you can do things like set"}, {"start": "00:18:03", "end": "00:18:08", "text": "up a higher high Fibonacci at the 1618."}, {"start": "00:18:06", "end": "00:18:10", "text": "Maybe you want to use $8.50 in that"}, {"start": "00:18:08", "end": "00:18:12", "text": "range. You want to set it there and just"}, {"start": "00:18:10", "end": "00:18:14", "text": "take profit to there. But remember, the"}, {"start": "00:18:12", "end": "00:18:16", "text": "whole purpose is what if it surpasses"}, {"start": "00:18:14", "end": "00:18:19", "text": "that? It's kind of having this this"}, {"start": "00:18:16", "end": "00:18:22", "text": "leftover exposure to the asset in case"}, {"start": "00:18:19", "end": "00:18:23", "text": "it does go crazy parabolic and SWU is at"}, {"start": "00:18:22", "end": "00:18:26", "text": "50 billion hundred billion dollar market"}, {"start": "00:18:23", "end": "00:18:28", "text": "cap. That's kind of my thought process,"}, {"start": "00:18:26", "end": "00:18:31", "text": "right? So, if I'm looking at this and"}, {"start": "00:18:28", "end": "00:18:33", "text": "I'm looking at SUI, how's this plan"}, {"start": "00:18:31", "end": "00:18:35", "text": "look? Right? I mean, this is crazy. If"}, {"start": "00:18:33", "end": "00:18:37", "text": "it's at $11, you still have a million"}, {"start": "00:18:35", "end": "00:18:39", "text": "dollars exposed. You might want to have"}, {"start": "00:18:37", "end": "00:18:41", "text": "a little bit of a different plan. And I"}, {"start": "00:18:39", "end": "00:18:42", "text": "don't know what that could look like."}, {"start": "00:18:41", "end": "00:18:46", "text": "Um, but you mess around with it down"}, {"start": "00:18:42", "end": "00:18:47", "text": "here in the in the profit ladder and you"}, {"start": "00:18:46", "end": "00:18:49", "text": "just mess around with all these"}, {"start": "00:18:47", "end": "00:18:51", "text": "different like numbers, right? In terms"}, {"start": "00:18:49", "end": "00:18:53", "text": "of how much you're taking, how much is"}, {"start": "00:18:51", "end": "00:18:56", "text": "left over. So, by $11, you've taken"}, {"start": "00:18:53", "end": "00:18:58", "text": "$880,000"}, {"start": "00:18:56", "end": "00:19:00", "text": "uh and you have $91,000 still invested."}, {"start": "00:18:58", "end": "00:19:01", "text": "That might be too much. Again, you go in"}, {"start": "00:19:00", "end": "00:19:03", "text": "here and you tweak it because the plan"}, {"start": "00:19:01", "end": "00:19:05", "text": "that I have here, this actually only has"}, {"start": "00:19:03", "end": "00:19:08", "text": "five profit levels. And that's because"}, {"start": "00:19:05", "end": "00:19:09", "text": "we're selling every 30% move to the"}, {"start": "00:19:08", "end": "00:19:12", "text": "upside. We're not selling every 10% move"}, {"start": "00:19:09", "end": "00:19:14", "text": "to the upside. Maybe you want to do that"}, {"start": "00:19:12", "end": "00:19:16", "text": "every 10% move to the upside. For SUI,"}, {"start": "00:19:14", "end": "00:19:19", "text": "you're selling 20% of your portfolio."}, {"start": "00:19:16", "end": "00:19:22", "text": "That's a lot. That's only 15 profit"}, {"start": "00:19:19", "end": "00:19:24", "text": "levels. And you notice by $11, you only"}, {"start": "00:19:22", "end": "00:19:25", "text": "have 96,000"}, {"start": "00:19:24", "end": "00:19:26", "text": "exposed to the market. And maybe you're"}, {"start": "00:19:25", "end": "00:19:28", "text": "happy with that because you're like,"}, {"start": "00:19:26", "end": "00:19:31", "text": "\"All right, you know, I have around"}, {"start": "00:19:28", "end": "00:19:33", "text": "$100,000 left over. So if SUI does"}, {"start": "00:19:31", "end": "00:19:35", "text": "double, you know, it's nice at least I"}, {"start": "00:19:33", "end": "00:19:38", "text": "still have exposure to the market.\""}, {"start": "00:19:35", "end": "00:19:41", "text": "Maybe that's the thought. This will be"}, {"start": "00:19:38", "end": "00:19:44", "text": "different for everybody. And just know"}, {"start": "00:19:41", "end": "00:19:48", "text": "if you'd sold nothing and you waited for"}, {"start": "00:19:44", "end": "00:19:52", "text": "$11, which is insane, it's 2.75 million."}, {"start": "00:19:48", "end": "00:19:54", "text": "So yeah, there's that scenario, 2.75"}, {"start": "00:19:52", "end": "00:19:56", "text": "million, or would you be happy with"}, {"start": "00:19:54", "end": "00:19:58", "text": "around a million and you still have"}, {"start": "00:19:56", "end": "00:20:01", "text": "exposure to the market. Do you know what"}, {"start": "00:19:58", "end": "00:20:03", "text": "I'm saying? And again, you're monitoring"}, {"start": "00:20:01", "end": "00:20:06", "text": "risk along the way. Here's Dog, one of"}, {"start": "00:20:03", "end": "00:20:07", "text": "my favorite altcoins. What's a profit"}, {"start": "00:20:06", "end": "00:20:09", "text": "ladder look like? I mean, the upside for"}, {"start": "00:20:07", "end": "00:20:12", "text": "Dog is insane. Dog could go to hundred"}, {"start": "00:20:09", "end": "00:20:14", "text": "billion dollars. Dog can compete with"}, {"start": "00:20:12", "end": "00:20:16", "text": "Doge. But do you really want to wait for"}, {"start": "00:20:14", "end": "00:20:17", "text": "100 billion? Do you want to wait for 50?"}, {"start": "00:20:16", "end": "00:20:20", "text": "Do you want to wait for 20? Do you even"}, {"start": "00:20:17", "end": "00:20:21", "text": "want to wait for 10 billion? Let's say"}, {"start": "00:20:20", "end": "00:20:24", "text": "in the in the dog profit ladder you have"}, {"start": "00:20:21", "end": "00:20:26", "text": "50 million dog"}, {"start": "00:20:24", "end": "00:20:29", "text": "and live right now it's, you know,"}, {"start": "00:20:26", "end": "00:20:31", "text": "$49,000. That's what that's worth right"}, {"start": "00:20:29", "end": "00:20:33", "text": "now. But custom, you might be like, I'm"}, {"start": "00:20:31", "end": "00:20:37", "text": "not actually going to even start taking"}, {"start": "00:20:33", "end": "00:20:39", "text": "profit until um a penny. And if you"}, {"start": "00:20:37", "end": "00:20:41", "text": "think about a penny on this chart, that"}, {"start": "00:20:39", "end": "00:20:42", "text": "is basically the starting point. It's"}, {"start": "00:20:41", "end": "00:20:44", "text": "around a billion dollar market cap for"}, {"start": "00:20:42", "end": "00:20:47", "text": "dog. It was there already in an in a"}, {"start": "00:20:44", "end": "00:20:49", "text": "liquidity extraction contraction of the"}, {"start": "00:20:47", "end": "00:20:51", "text": "business cycle bare market. It was"}, {"start": "00:20:49", "end": "00:20:53", "text": "already there. But maybe you're maybe"}, {"start": "00:20:51", "end": "00:20:54", "text": "you're just like, I've been accumulating"}, {"start": "00:20:53", "end": "00:20:56", "text": "this whole time. I'm going to actually"}, {"start": "00:20:54", "end": "00:20:58", "text": "start there at a penny. And maybe you"}, {"start": "00:20:56", "end": "00:21:03", "text": "just want to be like five billion is the"}, {"start": "00:20:58", "end": "00:21:05", "text": "upside, right? Plan is five billion. But"}, {"start": "00:21:03", "end": "00:21:07", "text": "I'm telling you, Dog could far surpass"}, {"start": "00:21:05", "end": "00:21:08", "text": "that in this cycle if we get a crazy"}, {"start": "00:21:07", "end": "00:21:10", "text": "parabolic run and Dog gets the"}, {"start": "00:21:08", "end": "00:21:12", "text": "narrative. It is the number one coin on"}, {"start": "00:21:10", "end": "00:21:15", "text": "Bitcoin besides BTC itself. It's hitting"}, {"start": "00:21:12", "end": "00:21:18", "text": "10, 20, 50 billion. Want to have some"}, {"start": "00:21:15", "end": "00:21:20", "text": "exposure to that. At least I would."}, {"start": "00:21:18", "end": "00:21:23", "text": "What's the plan look like? Right, for 50"}, {"start": "00:21:20", "end": "00:21:24", "text": "million. Um, and we have plan until 5"}, {"start": "00:21:23", "end": "00:21:27", "text": "cents, which is 5 billion. What's the"}, {"start": "00:21:24", "end": "00:21:30", "text": "plan look like? Here's the scenario."}, {"start": "00:21:27", "end": "00:21:32", "text": "$771,000."}, {"start": "00:21:30", "end": "00:21:34", "text": "You cashed out. We're sitting at five"}, {"start": "00:21:32", "end": "00:21:37", "text": "billion and you're like, man, you know"}, {"start": "00:21:34", "end": "00:21:38", "text": "what? If maybe it does go to 50 billion,"}, {"start": "00:21:37", "end": "00:21:40", "text": "you still have over half a million"}, {"start": "00:21:38", "end": "00:21:42", "text": "dollars exposed to it. Maybe that's too"}, {"start": "00:21:40", "end": "00:21:45", "text": "much and you want to tweak it, right?"}, {"start": "00:21:42", "end": "00:21:46", "text": "Again, go in the system and you tweak"}, {"start": "00:21:45", "end": "00:21:50", "text": "everything. Maybe you want it to be like"}, {"start": "00:21:46", "end": "00:21:51", "text": "this. You cash out $800 some thousand by"}, {"start": "00:21:50", "end": "00:21:54", "text": "the time we're at 5 billion market cap"}, {"start": "00:21:51", "end": "00:21:56", "text": "and then there's the leftover for if it"}, {"start": "00:21:54", "end": "00:21:59", "text": "just keeps going and it goes crazy. You"}, {"start": "00:21:56", "end": "00:22:01", "text": "have 173,000 still exposed. It shows you"}, {"start": "00:21:59", "end": "00:22:03", "text": "the plan. this is what the plan looks"}, {"start": "00:22:01", "end": "00:22:05", "text": "like and it just lays it all out for"}, {"start": "00:22:03", "end": "00:22:08", "text": "you. And again, similar to every other"}, {"start": "00:22:05", "end": "00:22:13", "text": "thing. What you'd want to do is you want"}, {"start": "00:22:08", "end": "00:22:15", "text": "to go right into our um risk models and"}, {"start": "00:22:13", "end": "00:22:17", "text": "you want to monitor like we can bring up"}, {"start": "00:22:15", "end": "00:22:19", "text": "dog alongside that ladder and you want"}, {"start": "00:22:17", "end": "00:22:20", "text": "to monitor dog. This is what the dog"}, {"start": "00:22:19", "end": "00:22:23", "text": "risk model looks like. So you set your"}, {"start": "00:22:20", "end": "00:22:26", "text": "alerts. Do has never been in the really"}, {"start": "00:22:23", "end": "00:22:29", "text": "really crazy high scores of the like 70s"}, {"start": "00:22:26", "end": "00:22:31", "text": "and 80s, 90s, 100. Maybe you want to set"}, {"start": "00:22:29", "end": "00:22:33", "text": "your alerts there for for that. And then"}, {"start": "00:22:31", "end": "00:22:35", "text": "you can go into our exit planner and you"}, {"start": "00:22:33", "end": "00:22:38", "text": "can bring up these assets and you you"}, {"start": "00:22:35", "end": "00:22:40", "text": "can actually plot out not only the price"}, {"start": "00:22:38", "end": "00:22:42", "text": "the prices that you're you're going to"}, {"start": "00:22:40", "end": "00:22:44", "text": "exit plotted out on the chart to have"}, {"start": "00:22:42", "end": "00:22:47", "text": "the plan, you can go into risk mode and"}, {"start": "00:22:44", "end": "00:22:51", "text": "set alerts for when that asset hits"}, {"start": "00:22:47", "end": "00:22:53", "text": "these risk levels. This is coming from"}, {"start": "00:22:51", "end": "00:22:57", "text": "every different perspective everybody"}, {"start": "00:22:53", "end": "00:23:01", "text": "really to provide all of the tools that"}, {"start": "00:22:57", "end": "00:23:04", "text": "are necessary in my opinion to not"}, {"start": "00:23:01", "end": "00:23:06", "text": "roundtrip a bull cycle. That's the"}, {"start": "00:23:04", "end": "00:23:09", "text": "purpose of this and this profit ladder"}, {"start": "00:23:06", "end": "00:23:10", "text": "tool for me when I think about our risk"}, {"start": "00:23:09", "end": "00:23:14", "text": "models which is I'm telling you it is"}, {"start": "00:23:10", "end": "00:23:15", "text": "core is foundation to really selling"}, {"start": "00:23:14", "end": "00:23:18", "text": "knowing when to sell knowing when I'm"}, {"start": "00:23:15", "end": "00:23:20", "text": "too exposed or underexposed. It's been a"}, {"start": "00:23:18", "end": "00:23:21", "text": "great tool to understand, you know,"}, {"start": "00:23:20", "end": "00:23:23", "text": "where we are in terms of accumulation"}, {"start": "00:23:21", "end": "00:23:27", "text": "for these assets. Look at this. Cardano"}, {"start": "00:23:23", "end": "00:23:28", "text": "is at five on the risk model. I don't"}, {"start": "00:23:27", "end": "00:23:31", "text": "know if you can see this. It was at a"}, {"start": "00:23:28", "end": "00:23:34", "text": "five during the summer. You see that?"}, {"start": "00:23:31", "end": "00:23:36", "text": "That's low risk. That says the the risk"}, {"start": "00:23:34", "end": "00:23:40", "text": "model screaming to accumulate at 14"}, {"start": "00:23:36", "end": "00:23:41", "text": "cents and it did the right thing. And so"}, {"start": "00:23:40", "end": "00:23:44", "text": "when I'm thinking about in a bull cycle,"}, {"start": "00:23:41", "end": "00:23:46", "text": "it needs to do the exact same thing just"}, {"start": "00:23:44", "end": "00:23:48", "text": "from an opposite perspective."}, {"start": "00:23:46", "end": "00:23:50", "text": "Now we have a visualization of this and"}, {"start": "00:23:48", "end": "00:23:54", "text": "this profit ladder tool. It pairs so"}, {"start": "00:23:50", "end": "00:23:57", "text": "well because now I can I can figure out"}, {"start": "00:23:54", "end": "00:24:01", "text": "how I can take profit"}, {"start": "00:23:57", "end": "00:24:03", "text": "but not sell too early and have exposure"}, {"start": "00:24:01", "end": "00:24:06", "text": "for if this market really does go"}, {"start": "00:24:03", "end": "00:24:08", "text": "parabolic and we do hit those 80s, 90s,"}, {"start": "00:24:06", "end": "00:24:11", "text": "100 on the risk score. But I'll tell you"}, {"start": "00:24:08", "end": "00:24:14", "text": "what, if it doesn't, right, and if you"}, {"start": "00:24:11", "end": "00:24:17", "text": "go to something like our night profit"}, {"start": "00:24:14", "end": "00:24:19", "text": "planner right here, and if if it doesn't"}, {"start": "00:24:17", "end": "00:24:21", "text": "just go crazy, if it doesn't go to"}, {"start": "00:24:19", "end": "00:24:23", "text": "$2.50,"}, {"start": "00:24:21", "end": "00:24:25", "text": "just knowing if I go into this if I go"}, {"start": "00:24:23", "end": "00:24:27", "text": "into this system and I know, well, at"}, {"start": "00:24:25", "end": "00:24:31", "text": "least it went to 94"}, {"start": "00:24:27", "end": "00:24:34", "text": "and it topped out there, but I took out"}, {"start": "00:24:31", "end": "00:24:36", "text": "and I cashed out 721,000."}, {"start": "00:24:34", "end": "00:24:37", "text": "Now, I wasn't waiting for $2 or even"}, {"start": "00:24:36", "end": "00:24:39", "text": "just waiting for a dollar to do"}, {"start": "00:24:37", "end": "00:24:43", "text": "anything. I actually managed to cash out"}, {"start": "00:24:39", "end": "00:24:44", "text": "721,000 in this scenario. I did the"}, {"start": "00:24:43", "end": "00:24:47", "text": "right thing and I actually did not"}, {"start": "00:24:44", "end": "00:24:49", "text": "roundtrip the bull cycle, right? Cuz"}, {"start": "00:24:47", "end": "00:24:52", "text": "imagine that that's 94 cents. You cashed"}, {"start": "00:24:49", "end": "00:24:55", "text": "out 721,000 in this plan and if you go"}, {"start": "00:24:52", "end": "00:24:57", "text": "tonight on the chart and you go to kind"}, {"start": "00:24:55", "end": "00:24:59", "text": "of this area of like 90 cents, 94 cents,"}, {"start": "00:24:57", "end": "00:25:01", "text": "that means it went here and we're going"}, {"start": "00:24:59", "end": "00:25:04", "text": "to a bare market and you did the right"}, {"start": "00:25:01", "end": "00:25:06", "text": "thing all along the way. And you even"}, {"start": "00:25:04", "end": "00:25:09", "text": "did you had leftover exposure in case it"}, {"start": "00:25:06", "end": "00:25:11", "text": "did go crazy. But if it doesn't, you're"}, {"start": "00:25:09", "end": "00:25:13", "text": "totally cool with it. That is the plan,"}, {"start": "00:25:11", "end": "00:25:15", "text": "everybody. And now is the most"}, {"start": "00:25:13", "end": "00:25:17", "text": "meaningful point of the cycle to"}, {"start": "00:25:15", "end": "00:25:19", "text": "understand this and plan for this"}, {"start": "00:25:17", "end": "00:25:21", "text": "because"}, {"start": "00:25:19", "end": "00:25:23", "text": "we've just come out of the"}, {"start": "00:25:21", "end": "00:25:25", "text": "record-breaking liquidity extraction,"}, {"start": "00:25:23", "end": "00:25:27", "text": "the postQT normalization phase, the"}, {"start": "00:25:25", "end": "00:25:30", "text": "contraction of the business cycle for"}, {"start": "00:25:27", "end": "00:25:32", "text": "years, and we're getting ready to go"}, {"start": "00:25:30", "end": "00:25:33", "text": "into expansion. It is not a guarantee"}, {"start": "00:25:32", "end": "00:25:36", "text": "that the bull cycle is about to go"}, {"start": "00:25:33", "end": "00:25:38", "text": "crazy. But if there ever is a time, it"}, {"start": "00:25:36", "end": "00:25:41", "text": "is the first time since all the way back"}, {"start": "00:25:38", "end": "00:25:44", "text": "here in 2020 that we have this moment"}, {"start": "00:25:41", "end": "00:25:47", "text": "that we have the potential to go into a"}, {"start": "00:25:44", "end": "00:25:49", "text": "bull cycle. And you want to be prepared"}, {"start": "00:25:47", "end": "00:25:52", "text": "and that is exactly what this profit"}, {"start": "00:25:49", "end": "00:25:56", "text": "ladder tool does. It really does prepare"}, {"start": "00:25:52", "end": "00:25:58", "text": "us for this exact moment. So I hope you"}, {"start": "00:25:56", "end": "00:26:01", "text": "get some value from this. If you're not"}, {"start": "00:25:58", "end": "00:26:04", "text": "in the system, everybody, this this"}, {"start": "00:26:01", "end": "00:26:05", "text": "system, it really is built for me. It's"}, {"start": "00:26:04", "end": "00:26:07", "text": "a company I'm building. Yes, I'm"}, {"start": "00:26:05", "end": "00:26:09", "text": "offering a free trial. So, you can come"}, {"start": "00:26:07", "end": "00:26:11", "text": "in here, you can try out the system"}, {"start": "00:26:09", "end": "00:26:14", "text": "yourself. The risk models, the exit"}, {"start": "00:26:11", "end": "00:26:17", "text": "planner, the accumulation planner, uh"}, {"start": "00:26:14", "end": "00:26:18", "text": "this profit ladder planner. You can try"}, {"start": "00:26:17", "end": "00:26:21", "text": "the whole thing out. If you don't like"}, {"start": "00:26:18", "end": "00:26:23", "text": "it, just cancel before the trial is over"}, {"start": "00:26:21", "end": "00:26:25", "text": "and you won't be charged. And I'm doing"}, {"start": "00:26:23", "end": "00:26:28", "text": "that just because I want I I just want"}, {"start": "00:26:25", "end": "00:26:30", "text": "to I really want to like I'm showing"}, {"start": "00:26:28", "end": "00:26:31", "text": "this off. I'm I'm I'm selling it. I"}, {"start": "00:26:30", "end": "00:26:33", "text": "really am. I'm bringing members on"}, {"start": "00:26:31", "end": "00:26:35", "text": "board. That's what I want to do. I'm"}, {"start": "00:26:33", "end": "00:26:38", "text": "building a company. But I want to do it"}, {"start": "00:26:35", "end": "00:26:41", "text": "in a way that's like if it's for you,"}, {"start": "00:26:38", "end": "00:26:43", "text": "it's for you. If you see the value, then"}, {"start": "00:26:41", "end": "00:26:46", "text": "it's for you. And if you do not see the"}, {"start": "00:26:43", "end": "00:26:47", "text": "value, you don't have to spend a dime."}, {"start": "00:26:46", "end": "00:26:50", "text": "You can actually just come try the"}, {"start": "00:26:47", "end": "00:26:52", "text": "entire system out. And if you like it,"}, {"start": "00:26:50", "end": "00:26:55", "text": "and if you're like, \"Dude, this is it."}, {"start": "00:26:52", "end": "00:26:57", "text": "this is the tool that I need, then I"}, {"start": "00:26:55", "end": "00:26:59", "text": "would be so grateful and happy to have"}, {"start": "00:26:57", "end": "00:27:00", "text": "you on board um as a member in our"}, {"start": "00:26:59", "end": "00:27:02", "text": "system because we're going to continue"}, {"start": "00:27:00", "end": "00:27:03", "text": "building this out too, everybody. I just"}, {"start": "00:27:02", "end": "00:27:04", "text": "want to let you know um if you're"}, {"start": "00:27:03", "end": "00:27:06", "text": "watching the tutorial, maybe we've"}, {"start": "00:27:04", "end": "00:27:08", "text": "already done it. We're going to add the"}, {"start": "00:27:06", "end": "00:27:11", "text": "save button soon um so you can save"}, {"start": "00:27:08", "end": "00:27:12", "text": "actual scenarios here. And I think we"}, {"start": "00:27:11", "end": "00:27:14", "text": "want to really innovate and bring into"}, {"start": "00:27:12", "end": "00:27:16", "text": "play our risk our risk models even"}, {"start": "00:27:14", "end": "00:27:17", "text": "somehow in this system. But we're going"}, {"start": "00:27:16", "end": "00:27:19", "text": "to be brainstorming and continuing to"}, {"start": "00:27:17", "end": "00:27:21", "text": "build out this entire intelligence"}, {"start": "00:27:19", "end": "00:27:23", "text": "system. And uh hopefully you got some"}, {"start": "00:27:21", "end": "00:27:25", "text": "value from this video. If you're"}, {"start": "00:27:23", "end": "00:27:26", "text": "watching on YouTube, I appreciate you."}, {"start": "00:27:25", "end": "00:27:28", "text": "Get into if you're not a member, get"}, {"start": "00:27:26", "end": "00:27:30", "text": "into this system. Click the link below,"}, {"start": "00:27:28", "end": "00:27:32", "text": "set up a trial, and if you have any"}, {"start": "00:27:30", "end": "00:27:33", "text": "questions, members, not members,"}, {"start": "00:27:32", "end": "00:27:37", "text": "whatever, we're always available. We're"}, {"start": "00:27:33", "end": "00:27:38", "text": "always around uh to help. And I just"}, {"start": "00:27:37", "end": "00:27:40", "text": "really appreciate each and every one of"}, {"start": "00:27:38", "end": "00:27:42", "text": "you. So, I'll see you in the next video."}, {"start": "00:27:40", "end": "00:27:42", "text": "God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Here's the 20 above the 50 for chain"}, {"start": "00:00:01", "end": "00:00:08", "text": "link back in 2023. Here's the 20 above"}, {"start": "00:00:04", "end": "00:00:10", "text": "the 50 back here in 2019. It's a great"}, {"start": "00:00:08", "end": "00:00:13", "text": "move. It's a bullish indicator and it's"}, {"start": "00:00:10", "end": "00:00:15", "text": "happening right now at the confluence of"}, {"start": "00:00:13", "end": "00:00:18", "text": "Elon Musk talking about a productivity"}, {"start": "00:00:15", "end": "00:00:21", "text": "boom. An AIdriven productivity boom as"}, {"start": "00:00:18", "end": "00:00:24", "text": "our business cycle index just went into"}, {"start": "00:00:21", "end": "00:00:26", "text": "expansion after 50 months of"}, {"start": "00:00:24", "end": "00:00:28", "text": "contraction. and we're getting signals"}, {"start": "00:00:26", "end": "00:00:30", "text": "if we look at an S&P 500 chart that"}, {"start": "00:00:28", "end": "00:00:31", "text": "we're we're getting ready to enter a"}, {"start": "00:00:30", "end": "00:00:34", "text": "productivity era that we haven't seen"}, {"start": "00:00:31", "end": "00:00:36", "text": "since the '9s. What do you think happens"}, {"start": "00:00:34", "end": "00:00:39", "text": "to the altcoins and the altcoin market"}, {"start": "00:00:36", "end": "00:00:40", "text": "cap chart in that environment? Here's"}, {"start": "00:00:39", "end": "00:00:42", "text": "altcoin market cap chart. This is going"}, {"start": "00:00:40", "end": "00:00:45", "text": "to sound like clickbait, YouTube hype,"}, {"start": "00:00:42", "end": "00:00:48", "text": "whatever. After 5 years of compression,"}, {"start": "00:00:45", "end": "00:00:51", "text": "this chart is so primed for explosion."}, {"start": "00:00:48", "end": "00:00:52", "text": "And I say that all the time. I want to"}, {"start": "00:00:51", "end": "00:00:54", "text": "start the video by just picturing"}, {"start": "00:00:52", "end": "00:00:57", "text": "something with you on the S&P 500 chart"}, {"start": "00:00:54", "end": "00:00:59", "text": "just for a moment. Imagine this. This"}, {"start": "00:00:57", "end": "00:01:03", "text": "chart on the weekly zoomed out getting"}, {"start": "00:00:59", "end": "00:01:07", "text": "ready to enter a productivity era, an"}, {"start": "00:01:03", "end": "00:01:12", "text": "expansion phase that this chart has not"}, {"start": "00:01:07", "end": "00:01:15", "text": "undergone since 1990s, 10 years of"}, {"start": "00:01:12", "end": "00:01:17", "text": "productivity boom. If this is really"}, {"start": "00:01:15", "end": "00:01:19", "text": "what's getting ready to happen, and if"}, {"start": "00:01:17", "end": "00:01:21", "text": "it really does happen,"}, {"start": "00:01:19", "end": "00:01:24", "text": "crypto was not trading back here in the"}, {"start": "00:01:21", "end": "00:01:26", "text": "90s, obviously. So, if you could imagine"}, {"start": "00:01:24", "end": "00:01:29", "text": "the start of a productivity boom on this"}, {"start": "00:01:26", "end": "00:01:32", "text": "S&P 500 chart and just growth and"}, {"start": "00:01:29", "end": "00:01:35", "text": "economic growth that we've not seen in"}, {"start": "00:01:32", "end": "00:01:37", "text": "quite some time, what do you think this"}, {"start": "00:01:35", "end": "00:01:40", "text": "chart is going to do? Considering"}, {"start": "00:01:37", "end": "00:01:44", "text": "especially that when we get bull markets"}, {"start": "00:01:40", "end": "00:01:46", "text": "in crypto, it is during productivity"}, {"start": "00:01:44", "end": "00:01:49", "text": "booms. It is during expansion of the"}, {"start": "00:01:46", "end": "00:01:52", "text": "economic business cycle. What backs this"}, {"start": "00:01:49", "end": "00:01:54", "text": "up from a data perspective lies within"}, {"start": "00:01:52", "end": "00:01:56", "text": "our new business cycle index. Our"}, {"start": "00:01:54", "end": "00:01:59", "text": "business cycle index just flipped to"}, {"start": "00:01:56", "end": "00:02:01", "text": "expansion and this was the first time in"}, {"start": "00:01:59", "end": "00:02:04", "text": "50 months. The previous contraction"}, {"start": "00:02:01", "end": "00:02:06", "text": "phase was 50 months of contraction. So"}, {"start": "00:02:04", "end": "00:02:09", "text": "when I start a video and I am saying"}, {"start": "00:02:06", "end": "00:02:12", "text": "years of compression getting ready for"}, {"start": "00:02:09", "end": "00:02:15", "text": "an explosive move into an expansion"}, {"start": "00:02:12", "end": "00:02:18", "text": "phase, I really mean it. It's very"}, {"start": "00:02:15", "end": "00:02:21", "text": "strong language. It's very, you know,"}, {"start": "00:02:18", "end": "00:02:23", "text": "hype kind of sounding, but I really,"}, {"start": "00:02:21", "end": "00:02:24", "text": "really mean it. And so, if this is"}, {"start": "00:02:23", "end": "00:02:27", "text": "getting ready to happen, how can we look"}, {"start": "00:02:24", "end": "00:02:29", "text": "at these charts? How can we how can we"}, {"start": "00:02:27", "end": "00:02:32", "text": "prepare for the shift? Because this"}, {"start": "00:02:29", "end": "00:02:34", "text": "isn't an overnight thing. This is"}, {"start": "00:02:32", "end": "00:02:36", "text": "incredibly long-term"}, {"start": "00:02:34", "end": "00:02:40", "text": "macro data, right? Our business cycle"}, {"start": "00:02:36", "end": "00:02:44", "text": "index is macro data. We wait, we wait"}, {"start": "00:02:40", "end": "00:02:45", "text": "cycles for these things to happen,"}, {"start": "00:02:44", "end": "00:02:47", "text": "right? Here's the contraction phase that"}, {"start": "00:02:45", "end": "00:02:48", "text": "we just went into. And so if we're"}, {"start": "00:02:47", "end": "00:02:50", "text": "getting ready to go into expansion, what"}, {"start": "00:02:48", "end": "00:02:51", "text": "I want to do is I want to walk through a"}, {"start": "00:02:50", "end": "00:02:55", "text": "bunch of different altcoin charts."}, {"start": "00:02:51", "end": "00:02:58", "text": "Ethereum, SWE, Chain Link, Ono, Dog,"}, {"start": "00:02:55", "end": "00:02:59", "text": "Cardano, Midnight."}, {"start": "00:02:58", "end": "00:03:01", "text": "And I just want to kind of get a sense"}, {"start": "00:02:59", "end": "00:03:04", "text": "of for myself as well as sharing with"}, {"start": "00:03:01", "end": "00:03:06", "text": "you how can we navigate right now in"}, {"start": "00:03:04", "end": "00:03:09", "text": "this very moment. And this is also built"}, {"start": "00:03:06", "end": "00:03:11", "text": "on not just not just this thought of hey"}, {"start": "00:03:09", "end": "00:03:13", "text": "economic expansion this could be really"}, {"start": "00:03:11", "end": "00:03:15", "text": "getting ready to happen but we're"}, {"start": "00:03:13", "end": "00:03:19", "text": "getting proof and it will be driven"}, {"start": "00:03:15", "end": "00:03:20", "text": "heavily by AI productivity. This this"}, {"start": "00:03:19", "end": "00:03:22", "text": "post from Elon Musk I think I might have"}, {"start": "00:03:20", "end": "00:03:25", "text": "covered it once before but my guess is"}, {"start": "00:03:22", "end": "00:03:30", "text": "that AI roughly doubles US GDP growth"}, {"start": "00:03:25", "end": "00:03:32", "text": "next year from 2% to 4% maybe even more."}, {"start": "00:03:30", "end": "00:03:34", "text": "This is Elon Musk saying this. So, yes,"}, {"start": "00:03:32", "end": "00:03:36", "text": "I'm going to look at the altcoin market"}, {"start": "00:03:34", "end": "00:03:38", "text": "cap chart, talk about going into this"}, {"start": "00:03:36", "end": "00:03:40", "text": "period of productivity, productivity"}, {"start": "00:03:38", "end": "00:03:42", "text": "boom we haven't seen on the S&P 500"}, {"start": "00:03:40", "end": "00:03:44", "text": "chart since the '9s. We're going to talk"}, {"start": "00:03:42", "end": "00:03:46", "text": "about what after 5 years of compression"}, {"start": "00:03:44", "end": "00:03:48", "text": "on the altcoin market cap chart, this"}, {"start": "00:03:46", "end": "00:03:51", "text": "means for crypto. But just know it's"}, {"start": "00:03:48", "end": "00:03:54", "text": "backed by just data that is business"}, {"start": "00:03:51", "end": "00:03:56", "text": "cycle data. It's backed by opinions from"}, {"start": "00:03:54", "end": "00:03:58", "text": "somebody like Elon Musk who is seeing"}, {"start": "00:03:56", "end": "00:04:00", "text": "something very similar and that is an AI"}, {"start": "00:03:58", "end": "00:04:02", "text": "productivity boom getting ready to"}, {"start": "00:04:00", "end": "00:04:03", "text": "happen. What do you think happens to all"}, {"start": "00:04:02", "end": "00:04:07", "text": "coins in that environment? That's the"}, {"start": "00:04:03", "end": "00:04:10", "text": "question. How do we navigate? So, for"}, {"start": "00:04:07", "end": "00:04:12", "text": "me, it always comes to zooming out on"}, {"start": "00:04:10", "end": "00:04:14", "text": "the charts. I zoom out on our risk"}, {"start": "00:04:12", "end": "00:04:15", "text": "models. We have our risk models back"}, {"start": "00:04:14", "end": "00:04:18", "text": "here. By the way, altcoin risk model,"}, {"start": "00:04:15", "end": "00:04:21", "text": "the market cap risk model at 15 100% of"}, {"start": "00:04:18", "end": "00:04:24", "text": "the time after one year. This risk model"}, {"start": "00:04:21", "end": "00:04:26", "text": "was higher a year later. We have all of"}, {"start": "00:04:24", "end": "00:04:27", "text": "our altcoins back here so we can kind of"}, {"start": "00:04:26", "end": "00:04:30", "text": "gauge where we are in terms of risk."}, {"start": "00:04:27", "end": "00:04:32", "text": "Point being, we are low risk. But going"}, {"start": "00:04:30", "end": "00:04:34", "text": "to the charts, there's something very"}, {"start": "00:04:32", "end": "00:04:38", "text": "simple that I been kind of meaning to do"}, {"start": "00:04:34", "end": "00:04:40", "text": "in a video and it's this."}, {"start": "00:04:38", "end": "00:04:41", "text": "We're in the shift right out of"}, {"start": "00:04:40", "end": "00:04:47", "text": "compression. It's not going to be"}, {"start": "00:04:41", "end": "00:04:48", "text": "overnight. I'm so drawn visually to, and"}, {"start": "00:04:47", "end": "00:04:50", "text": "this is why I like technical analysis."}, {"start": "00:04:48", "end": "00:04:54", "text": "I'm a very visual person. I like"}, {"start": "00:04:50", "end": "00:04:56", "text": "patterns. I like consistencies."}, {"start": "00:04:54", "end": "00:04:57", "text": "I like spotting confirmations and"}, {"start": "00:04:56", "end": "00:05:01", "text": "rejections."}, {"start": "00:04:57", "end": "00:05:03", "text": "But I'm visually drawn to the 50week"}, {"start": "00:05:01", "end": "00:05:04", "text": "moving average in blue on all of these"}, {"start": "00:05:03", "end": "00:05:06", "text": "charts. I'm going to go through these"}, {"start": "00:05:04", "end": "00:05:08", "text": "charts with you and the 20week moving"}, {"start": "00:05:06", "end": "00:05:11", "text": "average in green. I'm visually drawn to"}, {"start": "00:05:08", "end": "00:05:14", "text": "those areas because they are these these"}, {"start": "00:05:11", "end": "00:05:17", "text": "lines that we talk about cycles. We talk"}, {"start": "00:05:14", "end": "00:05:18", "text": "about bull market, bare market. Well,"}, {"start": "00:05:17", "end": "00:05:21", "text": "there's a lot that's that goes into"}, {"start": "00:05:18", "end": "00:05:25", "text": "those things, right? The cycles."}, {"start": "00:05:21", "end": "00:05:27", "text": "But the lines visually just picture they"}, {"start": "00:05:25", "end": "00:05:30", "text": "just paint the picture of the cycle,"}, {"start": "00:05:27", "end": "00:05:31", "text": "right? And so when we're in a shift, we"}, {"start": "00:05:30", "end": "00:05:33", "text": "get compression of these lines. Meaning"}, {"start": "00:05:31", "end": "00:05:36", "text": "we're not in a bull move. We're not in"}, {"start": "00:05:33", "end": "00:05:39", "text": "just a downtrend bare move, but we're in"}, {"start": "00:05:36", "end": "00:05:41", "text": "a shift. And with shifts, with the shift"}, {"start": "00:05:39", "end": "00:05:44", "text": "comes kind of a compression of the"}, {"start": "00:05:41", "end": "00:05:46", "text": "moving averages. So to put this very"}, {"start": "00:05:44", "end": "00:05:47", "text": "simply, this is the altcoin market cap"}, {"start": "00:05:46", "end": "00:05:48", "text": "chart. We're going to do this on all of"}, {"start": "00:05:47", "end": "00:05:50", "text": "these charts. I'm going to start with"}, {"start": "00:05:48", "end": "00:05:52", "text": "Ethereum. But as we're going through"}, {"start": "00:05:50", "end": "00:05:56", "text": "this shift, what is just absolutely"}, {"start": "00:05:52", "end": "00:05:59", "text": "normal is consolidation and a range of"}, {"start": "00:05:56", "end": "00:06:01", "text": "sorts uh with the the 50 and the 20."}, {"start": "00:05:59", "end": "00:06:03", "text": "Now, obviously, what we want to do is"}, {"start": "00:06:01", "end": "00:06:04", "text": "enter bull environment where the 20 is"}, {"start": "00:06:03", "end": "00:06:06", "text": "above the 50 and we're just trending"}, {"start": "00:06:04", "end": "00:06:07", "text": "upwards. We're seeing support. We're"}, {"start": "00:06:06", "end": "00:06:09", "text": "just not in that environment right now."}, {"start": "00:06:07", "end": "00:06:12", "text": "We're in the we're in the pivots into"}, {"start": "00:06:09", "end": "00:06:15", "text": "that environment. So during that pivot,"}, {"start": "00:06:12", "end": "00:06:18", "text": "we have to anticipate volatility. We"}, {"start": "00:06:15", "end": "00:06:20", "text": "have to anticipate further closing right"}, {"start": "00:06:18", "end": "00:06:22", "text": "of the gap of the 50 and the 20 meaning"}, {"start": "00:06:20", "end": "00:06:26", "text": "they get even more compressed towards"}, {"start": "00:06:22", "end": "00:06:27", "text": "each other. And with that being said,"}, {"start": "00:06:26", "end": "00:06:29", "text": "we're going to see tests of the"}, {"start": "00:06:27", "end": "00:06:31", "text": "averages, right? So 50week moving"}, {"start": "00:06:29", "end": "00:06:35", "text": "average on Ethereum is like right around"}, {"start": "00:06:31", "end": "00:06:37", "text": "2400. The 20we is down here at 2100. As"}, {"start": "00:06:35", "end": "00:06:38", "text": "we undergo this shift, we have to"}, {"start": "00:06:37", "end": "00:06:40", "text": "anticipate Ethereum could just"}, {"start": "00:06:38", "end": "00:06:42", "text": "consolidate in that range. Who knows how"}, {"start": "00:06:40", "end": "00:06:46", "text": "long? Maybe it doesn't have to. Maybe we"}, {"start": "00:06:42", "end": "00:06:49", "text": "just explode now. But most normal is a"}, {"start": "00:06:46", "end": "00:06:52", "text": "consolidation in the range. And as"}, {"start": "00:06:49", "end": "00:06:55", "text": "Ethereum is still in its accumulation"}, {"start": "00:06:52", "end": "00:06:56", "text": "area, right? I think how this translates"}, {"start": "00:06:55", "end": "00:06:57", "text": "into other altcoins, especially if"}, {"start": "00:06:56", "end": "00:06:58", "text": "you're an altcoin holder and maybe"}, {"start": "00:06:57", "end": "00:07:00", "text": "you're not in an altcoin I'm going to"}, {"start": "00:06:58", "end": "00:07:02", "text": "cover in the video, but the the point"}, {"start": "00:07:00", "end": "00:07:05", "text": "applies to you. We're in an accumulation"}, {"start": "00:07:02", "end": "00:07:07", "text": "range. the altcoin risk model is is in"}, {"start": "00:07:05", "end": "00:07:10", "text": "accumulation range like like we are"}, {"start": "00:07:07", "end": "00:07:13", "text": "there right now at at at the beginning"}, {"start": "00:07:10", "end": "00:07:15", "text": "of a potential productivity boom that is"}, {"start": "00:07:13", "end": "00:07:21", "text": "being talked about by somebody like Elon"}, {"start": "00:07:15", "end": "00:07:23", "text": "Musk it's being kind of proven via data"}, {"start": "00:07:21", "end": "00:07:26", "text": "via our our our cycle index our business"}, {"start": "00:07:23", "end": "00:07:28", "text": "cycle index and we have these charts"}, {"start": "00:07:26", "end": "00:07:30", "text": "consolidating around these areas so if"}, {"start": "00:07:28", "end": "00:07:31", "text": "we go to something like sui and it's"}, {"start": "00:07:30", "end": "00:07:33", "text": "easier even easier for me to discuss"}, {"start": "00:07:31", "end": "00:07:35", "text": "this with sui because This is a this is"}, {"start": "00:07:33", "end": "00:07:36", "text": "one of my top altcoin holds. And we're"}, {"start": "00:07:35", "end": "00:07:38", "text": "going to look at the rest right now."}, {"start": "00:07:36", "end": "00:07:40", "text": "We're going to go through the lineup."}, {"start": "00:07:38", "end": "00:07:42", "text": "But for sweet, it's kind of like"}, {"start": "00:07:40", "end": "00:07:46", "text": "whatever."}, {"start": "00:07:42", "end": "00:07:49", "text": "Like I'm so we all are so just drawn"}, {"start": "00:07:46", "end": "00:07:50", "text": "into the short term. All right, here we"}, {"start": "00:07:49", "end": "00:07:52", "text": "go. We're doing it. We're entering the"}, {"start": "00:07:50", "end": "00:07:56", "text": "bull market. And then it's just like we"}, {"start": "00:07:52", "end": "00:07:58", "text": "get periods of drawback, pullback. That"}, {"start": "00:07:56", "end": "00:07:59", "text": "is so normal even in bull markets."}, {"start": "00:07:58", "end": "00:08:01", "text": "There's going to be massive dips in bull"}, {"start": "00:07:59", "end": "00:08:04", "text": "markets. So we have to continually"}, {"start": "00:08:01", "end": "00:08:07", "text": "remember that. But right now we we are"}, {"start": "00:08:04", "end": "00:08:09", "text": "not even in an environment where SUI is"}, {"start": "00:08:07", "end": "00:08:11", "text": "kind of trending with the 20week moving"}, {"start": "00:08:09", "end": "00:08:14", "text": "average to the upside. We're still look"}, {"start": "00:08:11", "end": "00:08:17", "text": "how flat the 20we is. So it's kind of"}, {"start": "00:08:14", "end": "00:08:19", "text": "like a chill pill moment right at this"}, {"start": "00:08:17", "end": "00:08:22", "text": "at this macro"}, {"start": "00:08:19", "end": "00:08:26", "text": "shift into bull. And that is to say"}, {"start": "00:08:22", "end": "00:08:27", "text": "allow for the range. So for 82 cents is"}, {"start": "00:08:26", "end": "00:08:30", "text": "the 20week moving average. a 50week"}, {"start": "00:08:27", "end": "00:08:33", "text": "moving average right around a$19 or so."}, {"start": "00:08:30", "end": "00:08:37", "text": "That's the range. Allow for it. Allow"}, {"start": "00:08:33", "end": "00:08:40", "text": "for two weeks, one month, two months of"}, {"start": "00:08:37", "end": "00:08:43", "text": "whatever it needs to do in this range."}, {"start": "00:08:40", "end": "00:08:46", "text": "That does not change the macro setup. It"}, {"start": "00:08:43", "end": "00:08:49", "text": "does not change the potential the potent"}, {"start": "00:08:46", "end": "00:08:50", "text": "potential multi-year"}, {"start": "00:08:49", "end": "00:08:52", "text": "productivity boom. I'm not saying we"}, {"start": "00:08:50", "end": "00:08:55", "text": "have to go into a 10-year productivity"}, {"start": "00:08:52", "end": "00:08:58", "text": "boom like the '9s, but it could very"}, {"start": "00:08:55", "end": "00:09:02", "text": "certainly be a multi-year boom and and"}, {"start": "00:08:58", "end": "00:09:03", "text": "what happens on a chart like SU or these"}, {"start": "00:09:02", "end": "00:09:06", "text": "other altcoins we're about to look at,"}, {"start": "00:09:03", "end": "00:09:10", "text": "it doesn't change that macro setup,"}, {"start": "00:09:06", "end": "00:09:13", "text": "right? But just kind of zooming in a"}, {"start": "00:09:10", "end": "00:09:15", "text": "little bit into the weeks ahead or even"}, {"start": "00:09:13", "end": "00:09:16", "text": "the next couple of months ahead, it"}, {"start": "00:09:15", "end": "00:09:19", "text": "allows us to mentally just like all"}, {"start": "00:09:16", "end": "00:09:21", "text": "right, prepare for the shift that's"}, {"start": "00:09:19", "end": "00:09:23", "text": "happening, the shift that is underway."}, {"start": "00:09:21", "end": "00:09:25", "text": "And that's what the range looks like for"}, {"start": "00:09:23", "end": "00:09:27", "text": "SUI. As I go through these charts, I"}, {"start": "00:09:25", "end": "00:09:30", "text": "just want to keep keep this in mind. The"}, {"start": "00:09:27", "end": "00:09:34", "text": "way that the 20 is leveling out below"}, {"start": "00:09:30", "end": "00:09:37", "text": "the 50, it's so ultra bullish because"}, {"start": "00:09:34", "end": "00:09:39", "text": "we're we're we're literally at the"}, {"start": "00:09:37", "end": "00:09:41", "text": "precipice here. We're at the beginning"}, {"start": "00:09:39", "end": "00:09:43", "text": "here. It's not even like we're in this"}, {"start": "00:09:41", "end": "00:09:45", "text": "upward trend and we've already seen"}, {"start": "00:09:43", "end": "00:09:47", "text": "higher highs and higher lows. We got to"}, {"start": "00:09:45", "end": "00:09:49", "text": "start considering, you know, averaging"}, {"start": "00:09:47", "end": "00:09:50", "text": "out, taking profits in a way that we're"}, {"start": "00:09:49", "end": "00:09:52", "text": "comfortable, at a pace that we're"}, {"start": "00:09:50", "end": "00:09:54", "text": "comfortable. Keeping in mind this could"}, {"start": "00:09:52", "end": "00:09:56", "text": "we could be in a multi-year bull. We"}, {"start": "00:09:54", "end": "00:09:58", "text": "could be in a 12-month bull, an 18-month"}, {"start": "00:09:56", "end": "00:10:02", "text": "bull, but we're not even there yet is"}, {"start": "00:09:58", "end": "00:10:04", "text": "the point. So, this this excites me in"}, {"start": "00:10:02", "end": "00:10:06", "text": "terms of opportunity. And then you go to"}, {"start": "00:10:04", "end": "00:10:08", "text": "chain link. We visualize it on chain"}, {"start": "00:10:06", "end": "00:10:10", "text": "link. So, chain link is a very nice"}, {"start": "00:10:08", "end": "00:10:13", "text": "visualization of the the exciting move"}, {"start": "00:10:10", "end": "00:10:16", "text": "itself. That is to say, the leveling out"}, {"start": "00:10:13", "end": "00:10:19", "text": "of the 20, well below the 50, but"}, {"start": "00:10:16", "end": "00:10:21", "text": "finally almost the 20 actually making"}, {"start": "00:10:19", "end": "00:10:25", "text": "its way back above the 50. That's the"}, {"start": "00:10:21", "end": "00:10:26", "text": "bull move we're waiting for. And so when"}, {"start": "00:10:25", "end": "00:10:28", "text": "I keep saying we're at the precipice,"}, {"start": "00:10:26", "end": "00:10:30", "text": "we're at the beginning, it's because"}, {"start": "00:10:28", "end": "00:10:32", "text": "this move hasn't even happened on most"}, {"start": "00:10:30", "end": "00:10:34", "text": "of these charts, right? And here's"}, {"start": "00:10:32", "end": "00:10:37", "text": "here's the 20 above the 50 for chain"}, {"start": "00:10:34", "end": "00:10:40", "text": "link back in 2023. Here's the 20 above"}, {"start": "00:10:37", "end": "00:10:43", "text": "the 50 back here in 2019. It's a great"}, {"start": "00:10:40", "end": "00:10:45", "text": "move. It's a bullish indicator and it's"}, {"start": "00:10:43", "end": "00:10:47", "text": "happening right now at the confluence of"}, {"start": "00:10:45", "end": "00:10:51", "text": "Elon Musk talking about a productivity"}, {"start": "00:10:47", "end": "00:10:53", "text": "boom. An AIdriven productivity boom as"}, {"start": "00:10:51", "end": "00:10:57", "text": "our business cycle index just went into"}, {"start": "00:10:53", "end": "00:10:59", "text": "expansion after 50 months of contraction"}, {"start": "00:10:57", "end": "00:11:01", "text": "and we're getting signals if we look at"}, {"start": "00:10:59", "end": "00:11:02", "text": "an S&P 500 chart that we're we're"}, {"start": "00:11:01", "end": "00:11:04", "text": "getting ready to enter a productivity"}, {"start": "00:11:02", "end": "00:11:07", "text": "era that we haven't seen since the '9s."}, {"start": "00:11:04", "end": "00:11:08", "text": "What do you think happens to the"}, {"start": "00:11:07", "end": "00:11:12", "text": "altcoins and the altcoin market cap"}, {"start": "00:11:08", "end": "00:11:14", "text": "chart in that environment? What do you"}, {"start": "00:11:12", "end": "00:11:16", "text": "think happens?"}, {"start": "00:11:14", "end": "00:11:19", "text": "Ando, another one. So,o has made its way"}, {"start": "00:11:16", "end": "00:11:20", "text": "above the 20. The 20 or I'm sorry, above"}, {"start": "00:11:19", "end": "00:11:24", "text": "the 50. The 20 making its way above the"}, {"start": "00:11:20", "end": "00:11:26", "text": "50, but the same point remains. Where's"}, {"start": "00:11:24", "end": "00:11:29", "text": "that range at? They're both at this very"}, {"start": "00:11:26", "end": "00:11:31", "text": "confluent area around 38 cents. So, this"}, {"start": "00:11:29", "end": "00:11:34", "text": "is one I've been just trickling into if"}, {"start": "00:11:31", "end": "00:11:36", "text": "you've been watching my videos. Um, and"}, {"start": "00:11:34", "end": "00:11:38", "text": "maybe we trend down into that that"}, {"start": "00:11:36", "end": "00:11:41", "text": "range, right? And then we're right back"}, {"start": "00:11:38", "end": "00:11:44", "text": "into this entire range back here. That's"}, {"start": "00:11:41", "end": "00:11:47", "text": "what Ando looks like."}, {"start": "00:11:44", "end": "00:11:49", "text": "Early stages, everybody. We go to dog. I"}, {"start": "00:11:47", "end": "00:11:51", "text": "mean, this is this is one of my top"}, {"start": "00:11:49", "end": "00:11:53", "text": "altcoin holds right now. The chart is so"}, {"start": "00:11:51", "end": "00:11:55", "text": "beautiful, actually. And by the way, I"}, {"start": "00:11:53", "end": "00:11:57", "text": "want to make mention if you look at dog"}, {"start": "00:11:55", "end": "00:12:00", "text": "BTC, this entire like postquantitative"}, {"start": "00:11:57", "end": "00:12:02", "text": "tightening dip almost the entire thing"}, {"start": "00:12:00", "end": "00:12:05", "text": "if you think about it actually QT ended"}, {"start": "00:12:02", "end": "00:12:07", "text": "right here on dog versus BTC chart. The"}, {"start": "00:12:05", "end": "00:12:09", "text": "post QT dip I've talked about all year"}, {"start": "00:12:07", "end": "00:12:11", "text": "long. Meaning it is time to be bullish,"}, {"start": "00:12:09", "end": "00:12:14", "text": "not bearish. Stop waiting for a"}, {"start": "00:12:11", "end": "00:12:16", "text": "four-year cycle low. Accumulate, be"}, {"start": "00:12:14", "end": "00:12:18", "text": "bullish. Look at the dog versus Bitcoin"}, {"start": "00:12:16", "end": "00:12:19", "text": "chart."}, {"start": "00:12:18", "end": "00:12:21", "text": "It's not like dog did absolutely"}, {"start": "00:12:19", "end": "00:12:23", "text": "terrible against Bitcoin. It almost"}, {"start": "00:12:21", "end": "00:12:24", "text": "doesn't matter which one you held during"}, {"start": "00:12:23", "end": "00:12:26", "text": "the time. But I will tell you one thing."}, {"start": "00:12:24", "end": "00:12:27", "text": "If the bull market is getting ready to"}, {"start": "00:12:26", "end": "00:12:31", "text": "happen,"}, {"start": "00:12:27", "end": "00:12:33", "text": "I will absolutely be grateful that the"}, {"start": "00:12:31", "end": "00:12:35", "text": "coin that I was accumulating during this"}, {"start": "00:12:33", "end": "00:12:37", "text": "range was dog on Bitcoin. And yeah, I"}, {"start": "00:12:35", "end": "00:12:40", "text": "sound crazy. I don't care. This is my"}, {"start": "00:12:37", "end": "00:12:43", "text": "approach to crypto. And this is based on"}, {"start": "00:12:40", "end": "00:12:45", "text": "risk. It's based on macro cycles and"}, {"start": "00:12:43", "end": "00:12:47", "text": "fundamentals. People think it's crazy."}, {"start": "00:12:45", "end": "00:12:49", "text": "They think Dog is a joke. It's not. It"}, {"start": "00:12:47", "end": "00:12:50", "text": "is a fundamental value play. It's the"}, {"start": "00:12:49", "end": "00:12:53", "text": "number one coin on Bitcoin besides BTC"}, {"start": "00:12:50", "end": "00:12:55", "text": "itself. And this is what the chart looks"}, {"start": "00:12:53", "end": "00:12:58", "text": "like coming out of quantitative"}, {"start": "00:12:55", "end": "00:13:00", "text": "tightening right here ending. I always"}, {"start": "00:12:58", "end": "00:13:02", "text": "talk about that right post quantitative"}, {"start": "00:13:00", "end": "00:13:04", "text": "tightening dip. This is the opportunity"}, {"start": "00:13:02", "end": "00:13:06", "text": "phase. This is accumulation phase. Risk"}, {"start": "00:13:04", "end": "00:13:09", "text": "is low. This is what dog versus Bitcoin"}, {"start": "00:13:06", "end": "00:13:11", "text": "has looked like. Crazy. But to my point,"}, {"start": "00:13:09", "end": "00:13:12", "text": "here's the 20week. Here's the 50we."}, {"start": "00:13:11", "end": "00:13:15", "text": "We're right in the range right now for"}, {"start": "00:13:12", "end": "00:13:16", "text": "dog. So that's what dog looks like. Go"}, {"start": "00:13:15", "end": "00:13:18", "text": "over to something like ADA. I think it's"}, {"start": "00:13:16", "end": "00:13:21", "text": "funny as I as I do bring up Cardano"}, {"start": "00:13:18", "end": "00:13:22", "text": "sometimes in my videos."}, {"start": "00:13:21", "end": "00:13:24", "text": "There's a lot of there's a lot of people"}, {"start": "00:13:22", "end": "00:13:26", "text": "out there that don't think Cardano will"}, {"start": "00:13:24", "end": "00:13:28", "text": "perform. I think it's funny. I want to"}, {"start": "00:13:26", "end": "00:13:30", "text": "actually make mention of this. I saw"}, {"start": "00:13:28", "end": "00:13:32", "text": "this from Angry Crypto Show. Robin Hood"}, {"start": "00:13:30", "end": "00:13:35", "text": "set to launch US crypto perpetuals for"}, {"start": "00:13:32", "end": "00:13:38", "text": "just eight markets. Cardano is one of"}, {"start": "00:13:35", "end": "00:13:41", "text": "them, everybody. So, just please know"}, {"start": "00:13:38", "end": "00:13:43", "text": "Cardano is a and he puts it a clear"}, {"start": "00:13:41", "end": "00:13:45", "text": "regulatory advantage for US products."}, {"start": "00:13:43", "end": "00:13:46", "text": "Cardano is here to stay everybody. I'm"}, {"start": "00:13:45", "end": "00:13:48", "text": "going to get into night and night"}, {"start": "00:13:46", "end": "00:13:50", "text": "charts. Knight is my Cardano play. I've"}, {"start": "00:13:48", "end": "00:13:52", "text": "been very clear about that for a while"}, {"start": "00:13:50", "end": "00:13:53", "text": "now. But that doesn't mean Cardano is"}, {"start": "00:13:52", "end": "00:13:55", "text": "not going to perform. I think Midnight"}, {"start": "00:13:53", "end": "00:13:56", "text": "is going to outperform Cardano. That's"}, {"start": "00:13:55", "end": "00:13:58", "text": "why I've done what I've done in terms of"}, {"start": "00:13:56", "end": "00:14:00", "text": "reallocation."}, {"start": "00:13:58", "end": "00:14:02", "text": "But with that being said, here's Cardano"}, {"start": "00:14:00", "end": "00:14:04", "text": "within the range, the 50week moving"}, {"start": "00:14:02", "end": "00:14:07", "text": "average, the 20week moving average down"}, {"start": "00:14:04", "end": "00:14:09", "text": "here around 19. Let it happen. Let the"}, {"start": "00:14:07", "end": "00:14:11", "text": "story play out. It doesn't change the"}, {"start": "00:14:09", "end": "00:14:13", "text": "macro. But when we think about something"}, {"start": "00:14:11", "end": "00:14:14", "text": "like a Cardano chart and everything that"}, {"start": "00:14:13", "end": "00:14:16", "text": "it just went through, right? We we know"}, {"start": "00:14:14", "end": "00:14:20", "text": "the picture on the altcoin market cap"}, {"start": "00:14:16", "end": "00:14:22", "text": "chart, very clear. Here's quantitative"}, {"start": "00:14:20", "end": "00:14:24", "text": "tightening. There's the postQT dip."}, {"start": "00:14:22", "end": "00:14:25", "text": "Here's all-time highs last cycle. Well,"}, {"start": "00:14:24", "end": "00:14:27", "text": "this is what that story looks like on"}, {"start": "00:14:25", "end": "00:14:29", "text": "Cardano. It's very ugly and suppressed"}, {"start": "00:14:27", "end": "00:14:32", "text": "and frustrating and it's like, man, this"}, {"start": "00:14:29", "end": "00:14:33", "text": "was failure. But please keep in mind,"}, {"start": "00:14:32", "end": "00:14:36", "text": "there's more to it than just a price"}, {"start": "00:14:33", "end": "00:14:39", "text": "action chart. There is a cycle"}, {"start": "00:14:36", "end": "00:14:42", "text": "happening, right? And so we we bring"}, {"start": "00:14:39", "end": "00:14:44", "text": "into play the business cycle. Boom. This"}, {"start": "00:14:42", "end": "00:14:46", "text": "explains something like a Cardono chart."}, {"start": "00:14:44", "end": "00:14:49", "text": "All the contraction and suppression a"}, {"start": "00:14:46", "end": "00:14:50", "text": "Cardano has had is because of a"}, {"start": "00:14:49", "end": "00:14:53", "text": "contracted and suppressed business"}, {"start": "00:14:50", "end": "00:14:54", "text": "cycle. That's the very simple"}, {"start": "00:14:53", "end": "00:14:56", "text": "explanation everybody. So if we're"}, {"start": "00:14:54", "end": "00:14:58", "text": "getting ready to go into a productivity"}, {"start": "00:14:56", "end": "00:15:00", "text": "boom"}, {"start": "00:14:58", "end": "00:15:04", "text": "like so many of our indicators are"}, {"start": "00:15:00", "end": "00:15:07", "text": "saying, right? economic indicators."}, {"start": "00:15:04", "end": "00:15:08", "text": "Elon Musk is saying, well, this is the"}, {"start": "00:15:07", "end": "00:15:10", "text": "environment for something like Cardano."}, {"start": "00:15:08", "end": "00:15:12", "text": "And Cardano, I think, will do very well."}, {"start": "00:15:10", "end": "00:15:14", "text": "It's positioned very well. Um, so that's"}, {"start": "00:15:12", "end": "00:15:16", "text": "Cardano. Going over to midnight, we"}, {"start": "00:15:14", "end": "00:15:18", "text": "don't even have a 50week moving average"}, {"start": "00:15:16", "end": "00:15:21", "text": "on midnight. The 20we is down here"}, {"start": "00:15:18", "end": "00:15:23", "text": "around, you know, 2.5 cents, maybe just"}, {"start": "00:15:21", "end": "00:15:24", "text": "above two and a half cents. And this is"}, {"start": "00:15:23", "end": "00:15:27", "text": "what the chart looks like. Let it"}, {"start": "00:15:24", "end": "00:15:30", "text": "consolidate if it needs to. Let it chill"}, {"start": "00:15:27", "end": "00:15:33", "text": "as we go into this new era. But in"}, {"start": "00:15:30", "end": "00:15:35", "text": "relation to Cardano, this is my my, you"}, {"start": "00:15:33", "end": "00:15:37", "text": "know, my Cardano play. I like to call it"}, {"start": "00:15:35", "end": "00:15:39", "text": "my Cardano play, especially after this"}, {"start": "00:15:37", "end": "00:15:41", "text": "hack that happened on the bridge, not"}, {"start": "00:15:39", "end": "00:15:43", "text": "midnight. Such an opportunity I had to"}, {"start": "00:15:41", "end": "00:15:46", "text": "take advantage. And so, you know, I've"}, {"start": "00:15:43", "end": "00:15:48", "text": "done a lot of reallocating into SU and"}, {"start": "00:15:46", "end": "00:15:50", "text": "Dog and Midnight. But that does not mean"}, {"start": "00:15:48", "end": "00:15:52", "text": "I don't think our Cardano will will"}, {"start": "00:15:50", "end": "00:15:54", "text": "perform well. I just think these will"}, {"start": "00:15:52", "end": "00:15:56", "text": "perform better. And that's what I've"}, {"start": "00:15:54", "end": "00:15:58", "text": "been very transparent with you about."}, {"start": "00:15:56", "end": "00:16:02", "text": "the time to do it is when everything is"}, {"start": "00:15:58", "end": "00:16:04", "text": "reset 80% down, right? And that's what I"}, {"start": "00:16:02", "end": "00:16:06", "text": "did. But midnight is is a very nice"}, {"start": "00:16:04", "end": "00:16:09", "text": "picture of this. I mean, even a $12"}, {"start": "00:16:06", "end": "00:16:12", "text": "billion market cap is almost 3,000%. $24"}, {"start": "00:16:09", "end": "00:16:13", "text": "billion market cap is real realistic,"}, {"start": "00:16:12", "end": "00:16:14", "text": "everybody. A hundred billion market cap"}, {"start": "00:16:13", "end": "00:16:17", "text": "is realistic. I'm not even going to"}, {"start": "00:16:14", "end": "00:16:20", "text": "chart it. That's almost 6,000% at 24"}, {"start": "00:16:17", "end": "00:16:23", "text": "billion. But long story short, let the"}, {"start": "00:16:20", "end": "00:16:25", "text": "shift happen."}, {"start": "00:16:23", "end": "00:16:27", "text": "The charts are incredibly bullish."}, {"start": "00:16:25", "end": "00:16:31", "text": "altcoins. The space is incredibly"}, {"start": "00:16:27", "end": "00:16:34", "text": "bullish. Institutions are watching"}, {"start": "00:16:31", "end": "00:16:37", "text": "altcoins and adopting them."}, {"start": "00:16:34", "end": "00:16:40", "text": "Tokenization play is here."}, {"start": "00:16:37", "end": "00:16:43", "text": "The institutionalization"}, {"start": "00:16:40", "end": "00:16:45", "text": "and adoption not just of Bitcoin but of"}, {"start": "00:16:43", "end": "00:16:47", "text": "all coins is here"}, {"start": "00:16:45", "end": "00:16:51", "text": "right now"}, {"start": "00:16:47", "end": "00:16:54", "text": "at the shift of the business cycle and"}, {"start": "00:16:51", "end": "00:16:57", "text": "at the beginning of an AIdriven"}, {"start": "00:16:54", "end": "00:16:58", "text": "productivity boom."}, {"start": "00:16:57", "end": "00:17:01", "text": "There's no certainty. There's no"}, {"start": "00:16:58", "end": "00:17:03", "text": "guarantee here. But this setup is unlike"}, {"start": "00:17:01", "end": "00:17:06", "text": "anything I've ever seen in crypto. This"}, {"start": "00:17:03", "end": "00:17:08", "text": "is the absolute best setup. It sounds"}, {"start": "00:17:06", "end": "00:17:10", "text": "like hype. I know. I don't care. It just"}, {"start": "00:17:08", "end": "00:17:12", "text": "is the best setup. There's no guarantee"}, {"start": "00:17:10", "end": "00:17:16", "text": "it plays out. But when we're thinking"}, {"start": "00:17:12", "end": "00:17:19", "text": "about risk and and upside and potential,"}, {"start": "00:17:16", "end": "00:17:21", "text": "this is just so good, everybody. So, I"}, {"start": "00:17:19", "end": "00:17:25", "text": "wanted to share this with you. I wanted"}, {"start": "00:17:21", "end": "00:17:28", "text": "to try and kind of do it without being"}, {"start": "00:17:25", "end": "00:17:30", "text": "hype, you know, and just kind of just"}, {"start": "00:17:28", "end": "00:17:32", "text": "talking about the story that we're"}, {"start": "00:17:30", "end": "00:17:35", "text": "within right now. We can just manage our"}, {"start": "00:17:32", "end": "00:17:37", "text": "risk and just be positioned. I think"}, {"start": "00:17:35", "end": "00:17:38", "text": "that's the best way to approach this"}, {"start": "00:17:37", "end": "00:17:41", "text": "because I think there's a lot of upside"}, {"start": "00:17:38", "end": "00:17:42", "text": "in play. I really do. So, I appreciate"}, {"start": "00:17:41", "end": "00:17:45", "text": "you watching everybody. If you're not a"}, {"start": "00:17:42", "end": "00:17:47", "text": "subscriber, please subscribe. Uh I try"}, {"start": "00:17:45", "end": "00:17:48", "text": "and bring you just so much data and"}, {"start": "00:17:47", "end": "00:17:51", "text": "analysis from different perspectives,"}, {"start": "00:17:48", "end": "00:17:53", "text": "not just typical surface level"}, {"start": "00:17:51", "end": "00:17:55", "text": "perspectives, but real perspectives,"}, {"start": "00:17:53", "end": "00:17:57", "text": "macro perspectives that that drive these"}, {"start": "00:17:55", "end": "00:17:58", "text": "cycles. And if you're not in our"}, {"start": "00:17:57", "end": "00:18:00", "text": "intelligence system, please click the"}, {"start": "00:17:58", "end": "00:18:02", "text": "link below. We have a free trial. We're"}, {"start": "00:18:00", "end": "00:18:03", "text": "working on another tool right now,"}, {"start": "00:18:02", "end": "00:18:05", "text": "profit ladder tool, which I'm incredibly"}, {"start": "00:18:03", "end": "00:18:07", "text": "excited about, like for myself, but for"}, {"start": "00:18:05", "end": "00:18:09", "text": "all of our members. If you want to get"}, {"start": "00:18:07", "end": "00:18:12", "text": "back here and try our system out, click"}, {"start": "00:18:09", "end": "00:18:14", "text": "the link below. And always, always love"}, {"start": "00:18:12", "end": "00:18:15", "text": "hearing feedback from all you guys. So,"}, {"start": "00:18:14", "end": "00:18:19", "text": "appreciate you watching. I will see you"}, {"start": "00:18:15", "end": "00:18:19", "text": "in the next video. God bless."}]

[{"end": "00:00:05", "start": "00:00:02", "text": "Really is a beautiful dip, everybody."}, {"end": "00:00:07", "start": "00:00:04", "text": "And I know it sounds crazy, but this is"}, {"end": "00:00:09", "start": "00:00:05", "text": "what bull markets are made of. It's what"}, {"end": "00:00:11", "start": "00:00:07", "text": "bear markets are made of. 7% down for"}, {"end": "00:00:13", "start": "00:00:09", "text": "Bitcoin right now. If we go look at"}, {"end": "00:00:15", "start": "00:00:11", "text": "Ethereum on the daily chart, Ethereum"}, {"end": "00:00:17", "start": "00:00:13", "text": "just putting in some crazy-looking daily"}, {"end": "00:00:20", "start": "00:00:15", "text": "candles. And I want to start this video"}, {"end": "00:00:22", "start": "00:00:17", "text": "actually with a clip. This clip is from"}, {"end": "00:00:25", "start": "00:00:20", "text": "September 29th. It's over a week ago."}, {"end": "00:00:27", "start": "00:00:22", "text": "This is just going to illustrate for all"}, {"end": "00:00:29", "start": "00:00:25", "text": "of us"}, {"end": "00:00:31", "start": "00:00:27", "text": "the beautiful setup that we are in right"}, {"end": "00:00:33", "start": "00:00:29", "text": "now and help us to put emotion aside."}, {"end": "00:00:36", "start": "00:00:31", "text": "Right now in these moments is is"}, {"end": "00:00:37", "start": "00:00:33", "text": "absolutely key to put emotions aside."}, {"end": "00:00:39", "start": "00:00:36", "text": "Check this clip out real quick and then"}, {"end": "00:00:41", "start": "00:00:37", "text": "we're going to get into the analysis."}, {"end": "00:00:43", "start": "00:00:39", "text": "Was I just want to look at where we are."}, {"end": "00:00:45", "start": "00:00:41", "text": "From a short-term perspective, I want to"}, {"end": "00:00:47", "start": "00:00:43", "text": "throw a bunch of caution out there"}, {"end": "00:00:50", "start": "00:00:45", "text": "because when we're looking at this, I"}, {"end": "00:00:53", "start": "00:00:47", "text": "still cannot take my eyes off of the"}, {"end": "00:00:56", "start": "00:00:50", "text": "potential. It's completely speculative,"}, {"end": "00:00:59", "start": "00:00:53", "text": "but the potential for a rejection here"}, {"end": "00:01:02", "start": "00:00:56", "text": "uh at this this trend line area. And if"}, {"end": "00:01:04", "start": "00:00:59", "text": "we get a a a very nice rejection, we"}, {"end": "00:01:07", "start": "00:01:02", "text": "start coming back down, it could be to"}, {"end": "00:01:09", "start": "00:01:04", "text": "the 50-day moving average, 2400. It"}, {"end": "00:01:11", "start": "00:01:07", "text": "could be all the way down here, the"}, {"end": "00:01:12", "start": "00:01:09", "text": "200-day moving average, like you know,"}, {"end": "00:01:14", "start": "00:01:11", "text": "2100."}, {"end": "00:01:17", "start": "00:01:12", "text": "But we start coming down and we're"}, {"end": "00:01:19", "start": "00:01:14", "text": "consolidating, it's just the setup. If"}, {"end": "00:01:21", "start": "00:01:17", "text": "it's a red October,"}, {"end": "00:01:23", "start": "00:01:19", "text": "it's just an anticipation."}, {"end": "00:01:25", "start": "00:01:21", "text": "I'm not predicting this."}, {"end": "00:01:27", "start": "00:01:23", "text": "And it is an absolute anticipation"}, {"end": "00:01:29", "start": "00:01:25", "text": "because this is what happens all of the"}, {"end": "00:01:31", "start": "00:01:27", "text": "time. So, here's the speculation, right?"}, {"end": "00:01:34", "start": "00:01:29", "text": "We're getting rejected at this potential"}, {"end": "00:01:36", "start": "00:01:31", "text": "inverse head and shoulders neckline. And"}, {"end": "00:01:38", "start": "00:01:34", "text": "it is playing out just very nicely. If"}, {"end": "00:01:40", "start": "00:01:36", "text": "we go to Ethereum on this daily chart"}, {"end": "00:01:42", "start": "00:01:38", "text": "and kind of zoom out, this is what it's"}, {"end": "00:01:44", "start": "00:01:40", "text": "looking like so far. And this inverse"}, {"end": "00:01:48", "start": "00:01:42", "text": "head and shoulders, it is not confirmed"}, {"end": "00:01:50", "start": "00:01:44", "text": "yet, but the resistance is sound. The"}, {"end": "00:01:52", "start": "00:01:48", "text": "resistance that we hit is normal. And"}, {"end": "00:01:54", "start": "00:01:50", "text": "that is why in this video from over a"}, {"end": "00:01:56", "start": "00:01:52", "text": "week ago, we were anticipating this. You"}, {"end": "00:01:58", "start": "00:01:54", "text": "know, we can we can think about, man, if"}, {"end": "00:02:00", "start": "00:01:56", "text": "Ethereum breaks to the upside out of"}, {"end": "00:02:02", "start": "00:01:58", "text": "that range and what that would have"}, {"end": "00:02:04", "start": "00:02:00", "text": "meant. It that was in play, right? That"}, {"end": "00:02:06", "start": "00:02:02", "text": "was something to anticipate as well. But"}, {"end": "00:02:08", "start": "00:02:04", "text": "we absolutely have to be smart about"}, {"end": "00:02:09", "start": "00:02:06", "text": "this and anticipating moves like this."}, {"end": "00:02:12", "start": "00:02:08", "text": "Right now, this is what it looks like."}, {"end": "00:02:14", "start": "00:02:09", "text": "This is ethereum zoomed out. If you zoom"}, {"end": "00:02:15", "start": "00:02:12", "text": "out on ethereum and you just look"}, {"end": "00:02:17", "start": "00:02:14", "text": "through, you know, multiple cycles,"}, {"end": "00:02:20", "start": "00:02:15", "text": "there's red candles sprinkled"}, {"end": "00:02:21", "start": "00:02:17", "text": "everywhere. This is normal move. What I"}, {"end": "00:02:23", "start": "00:02:20", "text": "want to talk about this video is what it"}, {"end": "00:02:25", "start": "00:02:21", "text": "means for ethereum and altcoins. So,"}, {"end": "00:02:26", "start": "00:02:23", "text": "ethereum is a very nice roadmap for"}, {"end": "00:02:29", "start": "00:02:25", "text": "altcoins. We're going to look at"}, {"end": "00:02:31", "start": "00:02:26", "text": "altcoins like Ondo, Sui, Cardano. And I"}, {"end": "00:02:32", "start": "00:02:29", "text": "really want to discuss risk and where we"}, {"end": "00:02:34", "start": "00:02:31", "text": "are in the cycle right now. If you're a"}, {"end": "00:02:36", "start": "00:02:32", "text": "replay viewer, hit the timestamps. I"}, {"end": "00:02:37", "start": "00:02:34", "text": "will try and organize it very nicely. If"}, {"end": "00:02:39", "start": "00:02:36", "text": "you are in the live stream, I'm not"}, {"end": "00:02:40", "start": "00:02:37", "text": "going to try and do"}, {"end": "00:02:41", "start": "00:02:39", "text": "an hour live stream, but we're going to"}, {"end": "00:02:42", "start": "00:02:40", "text": "see. I'm going to do the best that I"}, {"end": "00:02:44", "start": "00:02:41", "text": "can."}, {"end": "00:02:46", "start": "00:02:42", "text": "This is Bitcoin. I I just want to start"}, {"end": "00:02:48", "start": "00:02:44", "text": "very briefly on Bitcoin zoomed in 7%"}, {"end": "00:02:50", "start": "00:02:46", "text": "down on the daily. I just want to paint"}, {"end": "00:02:52", "start": "00:02:48", "text": "a picture for you. And by the way, if"}, {"end": "00:02:53", "start": "00:02:50", "text": "you're in the chat, hit that like. Means"}, {"end": "00:02:55", "start": "00:02:52", "text": "a lot to me. Appreciate your support."}, {"end": "00:02:58", "start": "00:02:53", "text": "Helps the channel. And if you're not a"}, {"end": "00:02:59", "start": "00:02:55", "text": "subscriber, subscribe. But 7% down right"}, {"end": "00:03:00", "start": "00:02:58", "text": "now."}, {"end": "00:03:02", "start": "00:02:59", "text": "I just want to go back to the last real"}, {"end": "00:03:04", "start": "00:03:00", "text": "bull market for Bitcoin."}, {"end": "00:03:07", "start": "00:03:02", "text": "We're talking, if you remember, you"}, {"end": "00:03:10", "start": "00:03:04", "text": "know, here's here's the end of"}, {"end": "00:03:12", "start": "00:03:07", "text": "quantitative tightening, right? Here's"}, {"end": "00:03:13", "start": "00:03:10", "text": "quantitative tightening for Bitcoin. We"}, {"end": "00:03:15", "start": "00:03:12", "text": "went through all this quantitative"}, {"end": "00:03:18", "start": "00:03:13", "text": "tightening and it ended right here, the"}, {"end": "00:03:20", "start": "00:03:15", "text": "end of July 2019. We go into this"}, {"end": "00:03:22", "start": "00:03:18", "text": "quantitative post QT dip, right? A"}, {"end": "00:03:24", "start": "00:03:20", "text": "normalization phase. I talk about it a"}, {"end": "00:03:26", "start": "00:03:22", "text": "lot. Here's the business cycle flipping"}, {"end": "00:03:29", "start": "00:03:24", "text": "from contraction to expansion and with"}, {"end": "00:03:30", "start": "00:03:26", "text": "it goes the bull market. I just want to"}, {"end": "00:03:33", "start": "00:03:29", "text": "draw your attention to that bull market,"}, {"end": "00:03:35", "start": "00:03:30", "text": "right? Cuz from a macroeconomic"}, {"end": "00:03:39", "start": "00:03:33", "text": "perspective, this is where we are."}, {"end": "00:03:41", "start": "00:03:35", "text": "Just look. Here's exiting COVID, right?"}, {"end": "00:03:43", "start": "00:03:39", "text": "19% dip"}, {"end": "00:03:45", "start": "00:03:41", "text": "coming out of that move. On the This is"}, {"end": "00:03:46", "start": "00:03:43", "text": "a daily chart, by the way. I'm just"}, {"end": "00:03:49", "start": "00:03:45", "text": "trying to illustrate something for you."}, {"end": "00:03:52", "start": "00:03:46", "text": "19% daily candles. Oh, man. You know,"}, {"end": "00:03:53", "start": "00:03:49", "text": "just living in that moment."}, {"end": "00:03:56", "start": "00:03:52", "text": "The moment we're in right now. We're in"}, {"end": "00:03:59", "start": "00:03:53", "text": "a 7% dip right now for Bitcoin. There's"}, {"end": "00:04:00", "start": "00:03:56", "text": "more downside in play."}, {"end": "00:04:03", "start": "00:03:59", "text": "Boom, we come out of that. We're coming"}, {"end": "00:04:04", "start": "00:04:00", "text": "back out of it. 15% dip on the daily. Oh"}, {"end": "00:04:05", "start": "00:04:03", "text": "man."}, {"end": "00:04:07", "start": "00:04:04", "text": "Right? We're breaking We're actually"}, {"end": "00:04:09", "start": "00:04:05", "text": "below the 20 and the 50-day moving"}, {"end": "00:04:11", "start": "00:04:07", "text": "averages."}, {"end": "00:04:12", "start": "00:04:09", "text": "Right? A lot of emotion in that in that"}, {"end": "00:04:13", "start": "00:04:11", "text": "moment."}, {"end": "00:04:15", "start": "00:04:12", "text": "You have to remember where we were from"}, {"end": "00:04:17", "start": "00:04:13", "text": "a macroeconomic perspective though in"}, {"end": "00:04:20", "start": "00:04:15", "text": "those moments to understand what"}, {"end": "00:04:22", "start": "00:04:17", "text": "potential is coming up next. If you"}, {"end": "00:04:25", "start": "00:04:20", "text": "don't get wrapped up in the daily."}, {"end": "00:04:27", "start": "00:04:22", "text": "Here's a 17% dip. Again, falling below"}, {"end": "00:04:30", "start": "00:04:25", "text": "both moving averages, the 20 and the 50."}, {"end": "00:04:34", "start": "00:04:27", "text": "17% dip. Another 17% dip in that bull"}, {"end": "00:04:35", "start": "00:04:30", "text": "market. Here's a 30% dip. Here's a 26%"}, {"end": "00:04:37", "start": "00:04:34", "text": "dip."}, {"end": "00:04:39", "start": "00:04:35", "text": "And so, here we are right now on"}, {"end": "00:04:41", "start": "00:04:37", "text": "Bitcoin. If I go to Bitcoin right now,"}, {"end": "00:04:43", "start": "00:04:39", "text": "we're in a 7% dip."}, {"end": "00:04:43", "start": "00:04:41", "text": "Everybody, if you want to be in crypto,"}, {"end": "00:04:45", "start": "00:04:43", "text": "I'm just going to tell you this right"}, {"end": "00:04:47", "start": "00:04:43", "text": "now. I don't care if you think four-year"}, {"end": "00:04:49", "start": "00:04:45", "text": "cycle, we still have October to hit new"}, {"end": "00:04:52", "start": "00:04:47", "text": "lows. You know, Bitcoin's going below"}, {"end": "00:04:54", "start": "00:04:49", "text": "50. 7,000. I don't care if you're like"}, {"end": "00:04:56", "start": "00:04:52", "text": "me and you think we're in a we're"}, {"end": "00:04:58", "start": "00:04:54", "text": "following business cycle and we're going"}, {"end": "00:04:59", "start": "00:04:56", "text": "to follow that macroeconomic expansion"}, {"end": "00:05:01", "start": "00:04:58", "text": "into a productivity boom. The bull"}, {"end": "00:05:04", "start": "00:04:59", "text": "market is starting. I don't care."}, {"end": "00:05:07", "start": "00:05:01", "text": "If you're going to be here in crypto,"}, {"end": "00:05:08", "start": "00:05:04", "text": "red candles and dip"}, {"end": "00:05:10", "start": "00:05:07", "text": "are I mean, it's almost like they're"}, {"end": "00:05:12", "start": "00:05:08", "text": "more"}, {"end": "00:05:15", "start": "00:05:10", "text": "they're more normal than than green"}, {"end": "00:05:16", "start": "00:05:12", "text": "candles and pumps. Like even in even in"}, {"end": "00:05:18", "start": "00:05:15", "text": "bull markets as we just saw on the"}, {"end": "00:05:20", "start": "00:05:16", "text": "Bitcoin chart. So, I wanted to"}, {"end": "00:05:21", "start": "00:05:18", "text": "illustrate that for you on Bitcoin. When"}, {"end": "00:05:22", "start": "00:05:20", "text": "it comes to Bitcoin, one thing I do want"}, {"end": "00:05:24", "start": "00:05:21", "text": "to mention that we're really going to"}, {"end": "00:05:25", "start": "00:05:22", "text": "get into the shorter-term analysis for"}, {"end": "00:05:26", "start": "00:05:24", "text": "all coins"}, {"end": "00:05:28", "start": "00:05:25", "text": "is"}, {"end": "00:05:30", "start": "00:05:26", "text": "the 50-week moving average is probably"}, {"end": "00:05:33", "start": "00:05:28", "text": "something that we should pay attention"}, {"end": "00:05:35", "start": "00:05:30", "text": "to and I think now that I'm specifically"}, {"end": "00:05:37", "start": "00:05:33", "text": "so hyper-focused on it, right? This"}, {"end": "00:05:40", "start": "00:05:35", "text": "50-week moving average is right around"}, {"end": "00:05:40", "start": "00:05:37", "text": "$77,000."}, {"end": "00:05:44", "start": "00:05:40", "text": "We should probably watch that area"}, {"end": "00:05:47", "start": "00:05:42", "text": "because when Bitcoin is exiting real"}, {"end": "00:05:49", "start": "00:05:44", "text": "macro bear moves and breaking above,"}, {"end": "00:05:51", "start": "00:05:47", "text": "when we look back on this chart, it's"}, {"end": "00:05:55", "start": "00:05:49", "text": "not really fallen back below the 50-week"}, {"end": "00:05:57", "start": "00:05:51", "text": "moving average, right? Um we can look at"}, {"end": "00:05:59", "start": "00:05:55", "text": "back here. This is a really nice move."}, {"end": "00:06:00", "start": "00:05:57", "text": "Here's the post QT quantitative"}, {"end": "00:06:02", "start": "00:05:59", "text": "tightening dip. We even got support"}, {"end": "00:06:04", "start": "00:06:00", "text": "really there. Obviously, we fell below"}, {"end": "00:06:06", "start": "00:06:02", "text": "it right here. And this is kind of where"}, {"end": "00:06:09", "start": "00:06:04", "text": "we are from a macroeconomic standpoint,"}, {"end": "00:06:11", "start": "00:06:06", "text": "which is weird. We're at this this shift"}, {"end": "00:06:13", "start": "00:06:09", "text": "from contraction and and liquidity"}, {"end": "00:06:16", "start": "00:06:11", "text": "extraction from from the Fed into"}, {"end": "00:06:19", "start": "00:06:13", "text": "expansion. And the last time we were at"}, {"end": "00:06:21", "start": "00:06:16", "text": "this exact moment was like right here,"}, {"end": "00:06:23", "start": "00:06:19", "text": "right? We broke above the 50-week moving"}, {"end": "00:06:26", "start": "00:06:21", "text": "average, and then COVID came into play."}, {"end": "00:06:27", "start": "00:06:23", "text": "We're at this moment on this chart"}, {"end": "00:06:30", "start": "00:06:26", "text": "from every perspective, from a cycle"}, {"end": "00:06:31", "start": "00:06:27", "text": "perspective, we are at this moment where"}, {"end": "00:06:33", "start": "00:06:30", "text": "we're saying, \"What would have happened"}, {"end": "00:06:34", "start": "00:06:31", "text": "if there was no COVID?\""}, {"end": "00:06:36", "start": "00:06:33", "text": "Would there have been support at the 50"}, {"end": "00:06:37", "start": "00:06:34", "text": "and the 20-week moving average right"}, {"end": "00:06:39", "start": "00:06:36", "text": "here? Obviously, there wasn't. We"}, {"end": "00:06:41", "start": "00:06:37", "text": "capitulated."}, {"end": "00:06:44", "start": "00:06:39", "text": "What will happen at the 50-week? The"}, {"end": "00:06:47", "start": "00:06:41", "text": "20-week is down here at 71, 72."}, {"end": "00:06:48", "start": "00:06:44", "text": "We have this time now"}, {"end": "00:06:51", "start": "00:06:47", "text": "to see that. What's funny, and I just"}, {"end": "00:06:52", "start": "00:06:48", "text": "want to make a brief mention of this,"}, {"end": "00:06:55", "start": "00:06:51", "text": "I just posted this."}, {"end": "00:06:57", "start": "00:06:52", "text": "Things are going too good."}, {"end": "00:06:58", "start": "00:06:55", "text": "Tell crypto holders AI's about to drain"}, {"end": "00:07:01", "start": "00:06:57", "text": "all their wallets. Do you know the"}, {"end": "00:07:05", "start": "00:06:58", "text": "headline news right now? Right, right."}, {"end": "00:07:06", "start": "00:07:01", "text": "Even even more risk than quantum is AI."}, {"end": "00:07:08", "start": "00:07:05", "text": "AI is just going to find these"}, {"end": "00:07:11", "start": "00:07:06", "text": "innovative ways just to just crack it"}, {"end": "00:07:12", "start": "00:07:08", "text": "all and drain all of the wallets."}, {"end": "00:07:14", "start": "00:07:11", "text": "But I also put this, \"And also tell"}, {"end": "00:07:15", "start": "00:07:12", "text": "everyone a new pandemic is coming.\" Not"}, {"end": "00:07:17", "start": "00:07:14", "text": "going to spend a lot of time on that,"}, {"end": "00:07:19", "start": "00:07:15", "text": "but especially if you're on X, you might"}, {"end": "00:07:21", "start": "00:07:17", "text": "see this news trending"}, {"end": "00:07:24", "start": "00:07:19", "text": "about this, right? And I think it's so"}, {"end": "00:07:27", "start": "00:07:21", "text": "interesting that we are at this insane"}, {"end": "00:07:29", "start": "00:07:24", "text": "macro moment that is so similar"}, {"end": "00:07:31", "start": "00:07:27", "text": "technically to back here on Bitcoin. And"}, {"end": "00:07:34", "start": "00:07:29", "text": "we're we're there right now. Imagine if"}, {"end": "00:07:36", "start": "00:07:31", "text": "there was a black swan at this exact"}, {"end": "00:07:38", "start": "00:07:34", "text": "pivot out of the post quantitative"}, {"end": "00:07:39", "start": "00:07:36", "text": "tightening dip, right? Out of the post"}, {"end": "00:07:42", "start": "00:07:38", "text": "quantitative tightening dip, we're"}, {"end": "00:07:44", "start": "00:07:39", "text": "trying to escape that into a new cycle,"}, {"end": "00:07:45", "start": "00:07:42", "text": "and there's a black swan exactly like"}, {"end": "00:07:47", "start": "00:07:44", "text": "COVID. Imagine."}, {"end": "00:07:49", "start": "00:07:45", "text": "I'm not I'm not predicting it. I'm just"}, {"end": "00:07:52", "start": "00:07:47", "text": "saying it's crazy when headlines are"}, {"end": "00:07:54", "start": "00:07:49", "text": "lining up like to the week."}, {"end": "00:07:55", "start": "00:07:52", "text": "So, we're going to monitor that. We'll"}, {"end": "00:07:57", "start": "00:07:54", "text": "we'll keep an eye on it, but"}, {"end": "00:07:58", "start": "00:07:55", "text": "um"}, {"end": "00:08:00", "start": "00:07:57", "text": "with that being said, this is where we"}, {"end": "00:08:01", "start": "00:07:58", "text": "are on Bitcoin. So, the 50-week moving"}, {"end": "00:08:04", "start": "00:08:00", "text": "average is our first macro area of"}, {"end": "00:08:06", "start": "00:08:01", "text": "support we want to watch, 77,000. Let's"}, {"end": "00:08:07", "start": "00:08:04", "text": "see what happens if Bitcoin gets there."}, {"end": "00:08:08", "start": "00:08:06", "text": "I want to just point this out to you."}, {"end": "00:08:09", "start": "00:08:07", "text": "This is our intelligence system. If"}, {"end": "00:08:11", "start": "00:08:08", "text": "you're not in our intelligence system,"}, {"end": "00:08:12", "start": "00:08:09", "text": "everybody, if you're trying to play"}, {"end": "00:08:14", "start": "00:08:11", "text": "these cycles, especially as a macro"}, {"end": "00:08:16", "start": "00:08:12", "text": "investor, you want to know when to exit,"}, {"end": "00:08:18", "start": "00:08:14", "text": "when to accumulate. Any of our members"}, {"end": "00:08:21", "start": "00:08:16", "text": "that are in our system have just been in"}, {"end": "00:08:23", "start": "00:08:18", "text": "this beautiful area of accumulation in"}, {"end": "00:08:25", "start": "00:08:21", "text": "these in in all of these charts. And"}, {"end": "00:08:27", "start": "00:08:23", "text": "this has shown what risk has been. I"}, {"end": "00:08:29", "start": "00:08:25", "text": "want to point out to you right now, we"}, {"end": "00:08:30", "start": "00:08:27", "text": "have risk at a 26 in our intelligence"}, {"end": "00:08:32", "start": "00:08:29", "text": "system for Bitcoin."}, {"end": "00:08:33", "start": "00:08:30", "text": "That is"}, {"end": "00:08:36", "start": "00:08:32", "text": "And by the way, we were just in the 30s."}, {"end": "00:08:38", "start": "00:08:33", "text": "So, if I zoom in here, it was you know,"}, {"end": "00:08:39", "start": "00:08:36", "text": "there's 30, 31,"}, {"end": "00:08:41", "start": "00:08:38", "text": "um"}, {"end": "00:08:44", "start": "00:08:39", "text": "37 in the end towards the end of"}, {"end": "00:08:47", "start": "00:08:41", "text": "September. So, we've come back down."}, {"end": "00:08:49", "start": "00:08:44", "text": "We're in 26. 99% of the time after 1"}, {"end": "00:08:52", "start": "00:08:47", "text": "year on this model. It's our proprietary"}, {"end": "00:08:54", "start": "00:08:49", "text": "model. 99% of the time after 1 year,"}, {"end": "00:08:56", "start": "00:08:52", "text": "when risk was at a 26 for Bitcoin, price"}, {"end": "00:08:57", "start": "00:08:54", "text": "was higher a year later."}, {"end": "00:09:00", "start": "00:08:56", "text": "That is not a prediction. The risk"}, {"end": "00:09:02", "start": "00:08:57", "text": "models are not to be predictions."}, {"end": "00:09:05", "start": "00:09:00", "text": "They're They're looking at data and how"}, {"end": "00:09:08", "start": "00:09:02", "text": "this chart has transpired at this risk"}, {"end": "00:09:10", "start": "00:09:05", "text": "level historically. Almost 100% of the"}, {"end": "00:09:11", "start": "00:09:08", "text": "time after 1 year, when we've been here"}, {"end": "00:09:12", "start": "00:09:10", "text": "in this moment, Bitcoin price was"}, {"end": "00:09:15", "start": "00:09:11", "text": "higher."}, {"end": "00:09:16", "start": "00:09:12", "text": "What does that mean for you and me when"}, {"end": "00:09:19", "start": "00:09:15", "text": "we're looking at something like the"}, {"end": "00:09:20", "start": "00:09:16", "text": "business cycle after we just came out of"}, {"end": "00:09:23", "start": "00:09:19", "text": "This is our new proprietary model as"}, {"end": "00:09:25", "start": "00:09:20", "text": "well. This is our uh CCV business cycle"}, {"end": "00:09:27", "start": "00:09:23", "text": "index."}, {"end": "00:09:30", "start": "00:09:25", "text": "We just came out of record-breaking"}, {"end": "00:09:32", "start": "00:09:27", "text": "contraction from the business cycle, and"}, {"end": "00:09:35", "start": "00:09:30", "text": "we just confirmed our first expansion."}, {"end": "00:09:36", "start": "00:09:32", "text": "Our first expansion indicator."}, {"end": "00:09:39", "start": "00:09:35", "text": "And if you actually look at the"}, {"end": "00:09:41", "start": "00:09:36", "text": "contraction period we were just in,"}, {"end": "00:09:44", "start": "00:09:39", "text": "you go back and our model here goes back"}, {"end": "00:09:46", "start": "00:09:41", "text": "to like 2004, but this 2008 move into"}, {"end": "00:09:48", "start": "00:09:44", "text": "contraction is the last time we even had"}, {"end": "00:09:50", "start": "00:09:46", "text": "one this long. And this time was like"}, {"end": "00:09:53", "start": "00:09:48", "text": "double the length. Crypto just survived"}, {"end": "00:09:54", "start": "00:09:50", "text": "that everybody. So, we're we're coming"}, {"end": "00:09:57", "start": "00:09:53", "text": "out of all of that contraction right"}, {"end": "00:09:59", "start": "00:09:54", "text": "now. The Bitcoin risk model is at a 26."}, {"end": "00:10:00", "start": "00:09:57", "text": "You go to Ethereum risk model is at a"}, {"end": "00:10:03", "start": "00:09:59", "text": "29."}, {"end": "00:10:05", "start": "00:10:00", "text": "92% of the time after 1 year price is"}, {"end": "00:10:06", "start": "00:10:03", "text": "higher for Ethereum at their service"}, {"end": "00:10:08", "start": "00:10:05", "text": "score. And we're going to I'll probably"}, {"end": "00:10:10", "start": "00:10:06", "text": "look at some other risk models of"}, {"end": "00:10:11", "start": "00:10:08", "text": "altcoins in this video."}, {"end": "00:10:13", "start": "00:10:10", "text": "Um"}, {"end": "00:10:14", "start": "00:10:11", "text": "but this is this is what I've been"}, {"end": "00:10:17", "start": "00:10:13", "text": "screaming all year long. I've looked"}, {"end": "00:10:19", "start": "00:10:14", "text": "like a a crazy permabull to be bullish"}, {"end": "00:10:22", "start": "00:10:17", "text": "in all of this."}, {"end": "00:10:25", "start": "00:10:19", "text": "It's because of our risk models. Our 10,"}, {"end": "00:10:27", "start": "00:10:22", "text": "June 2026 at 10 for Ethereum. That is"}, {"end": "00:10:29", "start": "00:10:25", "text": "incredibly meaningful. This is why I've"}, {"end": "00:10:32", "start": "00:10:27", "text": "been bullish on altcoins. This has been"}, {"end": "00:10:33", "start": "00:10:29", "text": "the lowest risk time to accumulate for a"}, {"end": "00:10:36", "start": "00:10:32", "text": "cycle shift into expansion. If you want"}, {"end": "00:10:37", "start": "00:10:33", "text": "access to our risk models, I will sit"}, {"end": "00:10:39", "start": "00:10:36", "text": "here and I will shill it to you. It's"}, {"end": "00:10:40", "start": "00:10:37", "text": "why I built the system for myself, for"}, {"end": "00:10:42", "start": "00:10:39", "text": "our members. We're working on new"}, {"end": "00:10:44", "start": "00:10:40", "text": "features right now. I'm excited about"}, {"end": "00:10:46", "start": "00:10:42", "text": "it. We have a trial. So, if you don't"}, {"end": "00:10:48", "start": "00:10:44", "text": "like it, just cancel before the trial"}, {"end": "00:10:50", "start": "00:10:46", "text": "hits. Um but get in here and start"}, {"end": "00:10:51", "start": "00:10:48", "text": "planning. We have our accumulation"}, {"end": "00:10:53", "start": "00:10:50", "text": "planner, exit planner, the new business"}, {"end": "00:10:54", "start": "00:10:51", "text": "cycle indicator. We're have we're"}, {"end": "00:10:56", "start": "00:10:53", "text": "working on a profit ladder right now,"}, {"end": "00:10:58", "start": "00:10:54", "text": "which is something I'm really excited"}, {"end": "00:11:00", "start": "00:10:56", "text": "about. But this is where our risk is for"}, {"end": "00:11:02", "start": "00:10:58", "text": "these models right now for Ethereum."}, {"end": "00:11:04", "start": "00:11:00", "text": "Speaking of Ethereum, let's go look at"}, {"end": "00:11:06", "start": "00:11:02", "text": "Ethereum. Here's Ethereum on the weekly"}, {"end": "00:11:08", "start": "00:11:04", "text": "chart."}, {"end": "00:11:11", "start": "00:11:06", "text": "And appreciate we got a we got we got a"}, {"end": "00:11:14", "start": "00:11:08", "text": "CCV user right now in the chat. I"}, {"end": "00:11:16", "start": "00:11:11", "text": "appreciate you. Um appreciate you using"}, {"end": "00:11:18", "start": "00:11:14", "text": "the tool and just kind of, you know,"}, {"end": "00:11:20", "start": "00:11:16", "text": "being part of the the community, the"}, {"end": "00:11:22", "start": "00:11:18", "text": "intelligence system."}, {"end": "00:11:23", "start": "00:11:20", "text": "And I'm excited for what is to come. I"}, {"end": "00:11:26", "start": "00:11:22", "text": "really am. It's been a it's been a"}, {"end": "00:11:27", "start": "00:11:23", "text": "brutal just downside and a brutal"}, {"end": "00:11:29", "start": "00:11:26", "text": "contraction since we launched the"}, {"end": "00:11:31", "start": "00:11:27", "text": "system, but we are hustling. Axel and"}, {"end": "00:11:32", "start": "00:11:29", "text": "Alessandro are hustling and we're just"}, {"end": "00:11:34", "start": "00:11:31", "text": "building."}, {"end": "00:11:35", "start": "00:11:32", "text": "Um"}, {"end": "00:11:38", "start": "00:11:34", "text": "This is Ethereum. So, Ethereum on the"}, {"end": "00:11:40", "start": "00:11:35", "text": "weekly paints a very nice picture of"}, {"end": "00:11:42", "start": "00:11:38", "text": "everything that I'm talking about. That"}, {"end": "00:11:45", "start": "00:11:40", "text": "is to say the macroeconomic shift,"}, {"end": "00:11:47", "start": "00:11:42", "text": "right? The post QT normalization phase,"}, {"end": "00:11:50", "start": "00:11:45", "text": "the post QT normalization dip this"}, {"end": "00:11:51", "start": "00:11:47", "text": "cycle. And really this accumulation"}, {"end": "00:11:53", "start": "00:11:50", "text": "channel that I've just talked a lot"}, {"end": "00:11:55", "start": "00:11:51", "text": "about"}, {"end": "00:11:57", "start": "00:11:53", "text": "for, you know, for quite some time now."}, {"end": "00:12:00", "start": "00:11:55", "text": "And it's it's just me waiting for us to"}, {"end": "00:12:01", "start": "00:11:57", "text": "exit that that channel. And with that"}, {"end": "00:12:02", "start": "00:12:00", "text": "being said"}, {"end": "00:12:04", "start": "00:12:01", "text": "the structure is a little bit different,"}, {"end": "00:12:05", "start": "00:12:02", "text": "especially because we have COVID mixed"}, {"end": "00:12:07", "start": "00:12:04", "text": "in here. It's going to be different"}, {"end": "00:12:10", "start": "00:12:05", "text": "probably every cycle. But the setup is"}, {"end": "00:12:12", "start": "00:12:07", "text": "the same. We are in a macro shift into a"}, {"end": "00:12:14", "start": "00:12:10", "text": "new cycle. I don't know what the bull"}, {"end": "00:12:15", "start": "00:12:12", "text": "cycle will look like, right? I don't"}, {"end": "00:12:17", "start": "00:12:14", "text": "even know if we actually we have the ISM"}, {"end": "00:12:19", "start": "00:12:15", "text": "PMI indicator down here. You can"}, {"end": "00:12:22", "start": "00:12:17", "text": "actually just see we started expanding,"}, {"end": "00:12:24", "start": "00:12:19", "text": "but it's getting stifled, right? We're"}, {"end": "00:12:25", "start": "00:12:22", "text": "we're kind of going into these little"}, {"end": "00:12:28", "start": "00:12:24", "text": "mini contractions, and that's because"}, {"end": "00:12:31", "start": "00:12:25", "text": "there's a lot of economic pressure from"}, {"end": "00:12:32", "start": "00:12:28", "text": "the war, from oil prices, right? Yields,"}, {"end": "00:12:34", "start": "00:12:31", "text": "the 10-year yield. Everything that's"}, {"end": "00:12:35", "start": "00:12:32", "text": "going on right now, there's pressure."}, {"end": "00:12:37", "start": "00:12:34", "text": "It's slowing this down."}, {"end": "00:12:39", "start": "00:12:35", "text": "And so, I don't know what expansion will"}, {"end": "00:12:40", "start": "00:12:37", "text": "look like. I don't know what the"}, {"end": "00:12:43", "start": "00:12:39", "text": "productivity boom will look like or how"}, {"end": "00:12:46", "start": "00:12:40", "text": "it will translate into, you know,"}, {"end": "00:12:47", "start": "00:12:43", "text": "business cycle expansion. But I do think"}, {"end": "00:12:51", "start": "00:12:46", "text": "crypto is at the center of a"}, {"end": "00:12:52", "start": "00:12:47", "text": "productivity boom that is just starting."}, {"end": "00:12:55", "start": "00:12:51", "text": "And so, I'm waiting for Ethereum to exit"}, {"end": "00:12:56", "start": "00:12:52", "text": "this accumulation. It's a multi-year"}, {"end": "00:12:59", "start": "00:12:55", "text": "accumulation range, this rectangle that"}, {"end": "00:13:01", "start": "00:12:56", "text": "you see. And with it"}, {"end": "00:13:03", "start": "00:12:59", "text": "I did not anticipate I'd be continuing"}, {"end": "00:13:05", "start": "00:13:01", "text": "to accumulate altcoins. I've been slowly"}, {"end": "00:13:07", "start": "00:13:03", "text": "just trickling into into Ondo. The"}, {"end": "00:13:08", "start": "00:13:05", "text": "opportunity is there, why not?"}, {"end": "00:13:09", "start": "00:13:07", "text": "Um"}, {"end": "00:13:12", "start": "00:13:08", "text": "I'm not I'm going to cover Ondo in a"}, {"end": "00:13:14", "start": "00:13:09", "text": "moment, but I'm not I'm not buying right"}, {"end": "00:13:16", "start": "00:13:12", "text": "now. Um"}, {"end": "00:13:18", "start": "00:13:14", "text": "But the setup is is is there."}, {"end": "00:13:19", "start": "00:13:16", "text": "Ethereum on the daily though is what I"}, {"end": "00:13:21", "start": "00:13:18", "text": "want to look at because when we're"}, {"end": "00:13:22", "start": "00:13:19", "text": "thinking about this longer-term picture,"}, {"end": "00:13:24", "start": "00:13:21", "text": "we're talking about, man, is Ethereum"}, {"end": "00:13:26", "start": "00:13:22", "text": "going to exit this accumulation range to"}, {"end": "00:13:29", "start": "00:13:24", "text": "the upside? Just look at this,"}, {"end": "00:13:32", "start": "00:13:26", "text": "everybody. We have the 20 week moving"}, {"end": "00:13:34", "start": "00:13:29", "text": "average, right? Boom."}, {"end": "00:13:36", "start": "00:13:32", "text": "We're anticipating this 20 week getting"}, {"end": "00:13:37", "start": "00:13:34", "text": "above that 50 week and that's a move"}, {"end": "00:13:38", "start": "00:13:36", "text": "that just takes time. It takes"}, {"end": "00:13:40", "start": "00:13:37", "text": "consolidation, but if you look at this"}, {"end": "00:13:42", "start": "00:13:38", "text": "chart, we are like kind of in this"}, {"end": "00:13:45", "start": "00:13:40", "text": "moment, right? This 20 week below the"}, {"end": "00:13:47", "start": "00:13:42", "text": "50, we're waiting for it to cross above"}, {"end": "00:13:49", "start": "00:13:45", "text": "and a lot happened last cycle including"}, {"end": "00:13:51", "start": "00:13:47", "text": "COVID and it takes time. This is where"}, {"end": "00:13:53", "start": "00:13:49", "text": "we are right now. As we have the setup,"}, {"end": "00:13:55", "start": "00:13:51", "text": "we're waiting for the setup. Revisiting"}, {"end": "00:13:58", "start": "00:13:53", "text": "the range anywhere in the range. There's"}, {"end": "00:13:59", "start": "00:13:55", "text": "$2100, 20 week moving average, the 50"}, {"end": "00:14:02", "start": "00:13:58", "text": "week is right around"}, {"end": "00:14:04", "start": "00:13:59", "text": "30, you know, 2300."}, {"end": "00:14:06", "start": "00:14:02", "text": "It's normal for for pullbacks as we're"}, {"end": "00:14:07", "start": "00:14:04", "text": "waiting for that shift and consolidation"}, {"end": "00:14:10", "start": "00:14:06", "text": "as we're waiting for the shift. This can"}, {"end": "00:14:13", "start": "00:14:07", "text": "take weeks. It can take months. But how"}, {"end": "00:14:15", "start": "00:14:10", "text": "it happens, we get hints on the shorter"}, {"end": "00:14:16", "start": "00:14:13", "text": "term structure and that's why in this"}, {"end": "00:14:17", "start": "00:14:15", "text": "video literally, and I'm going to"}, {"end": "00:14:19", "start": "00:14:16", "text": "actually real quick, I'm just going to"}, {"end": "00:14:20", "start": "00:14:17", "text": "play the clip one more time. We have new"}, {"end": "00:14:22", "start": "00:14:19", "text": "viewers here and we're going to we're"}, {"end": "00:14:23", "start": "00:14:20", "text": "going to go through the analysis here on"}, {"end": "00:14:24", "start": "00:14:22", "text": "Ethereum on the short term as well as"}, {"end": "00:14:27", "start": "00:14:23", "text": "other altcoins."}, {"end": "00:14:29", "start": "00:14:24", "text": ">> We're rejecting here uh at this"}, {"end": "00:14:30", "start": "00:14:27", "text": "This was September 29th, Ethereum was at"}, {"end": "00:14:33", "start": "00:14:29", "text": "like 2700."}, {"end": "00:14:36", "start": "00:14:30", "text": ">> This trend line area and if we get a a"}, {"end": "00:14:38", "start": "00:14:33", "text": "very nice rejection, we start coming"}, {"end": "00:14:41", "start": "00:14:36", "text": "back down, it could be to the 50 day"}, {"end": "00:14:43", "start": "00:14:38", "text": "moving average, 2400. It could be all"}, {"end": "00:14:45", "start": "00:14:41", "text": "the way down here, the 200 day moving"}, {"end": "00:14:47", "start": "00:14:43", "text": "average like you know, 2100. But we"}, {"end": "00:14:50", "start": "00:14:45", "text": "start coming down and we're"}, {"end": "00:14:51", "start": "00:14:47", "text": "consolidating, it's just the setup. If"}, {"end": "00:14:52", "start": "00:14:50", "text": "it's a red"}, {"end": "00:14:53", "start": "00:14:51", "text": ">> Red October."}, {"end": "00:14:54", "start": "00:14:52", "text": ">> Red October."}, {"end": "00:14:56", "start": "00:14:53", "text": ">> Red October."}, {"end": "00:14:58", "start": "00:14:54", "text": ">> It's a red October. I mean, it might end"}, {"end": "00:14:59", "start": "00:14:56", "text": "up being a green October, but I'm just"}, {"end": "00:15:02", "start": "00:14:58", "text": "saying it's a red October. It could"}, {"end": "00:15:05", "start": "00:14:59", "text": "happen, right? A higher low could be in"}, {"end": "00:15:07", "start": "00:15:02", "text": "play and it just makes sense. Like"}, {"end": "00:15:09", "start": "00:15:05", "text": "again, in bull markets it makes sense."}, {"end": "00:15:12", "start": "00:15:07", "text": "In bear markets it makes sense. It's"}, {"end": "00:15:13", "start": "00:15:09", "text": "structure. It's price action. It's longs"}, {"end": "00:15:15", "start": "00:15:12", "text": "getting liquidated. It's shorts getting"}, {"end": "00:15:18", "start": "00:15:13", "text": "liquidated. It's a battle of the bulls"}, {"end": "00:15:19", "start": "00:15:15", "text": "and the bears. This is I've been doing"}, {"end": "00:15:21", "start": "00:15:18", "text": "YouTube videos almost every day in"}, {"end": "00:15:24", "start": "00:15:19", "text": "crypto since 2018."}, {"end": "00:15:25", "start": "00:15:21", "text": "This is it. This is it, everybody. This"}, {"end": "00:15:27", "start": "00:15:24", "text": "is reality."}, {"end": "00:15:29", "start": "00:15:25", "text": "This is the way it is. It is not fun"}, {"end": "00:15:31", "start": "00:15:27", "text": "sometimes."}, {"end": "00:15:32", "start": "00:15:29", "text": "Sometimes it's incredibly fun, but we"}, {"end": "00:15:34", "start": "00:15:31", "text": "have to put aside emotion and just and"}, {"end": "00:15:36", "start": "00:15:32", "text": "watch price action because it's the"}, {"end": "00:15:37", "start": "00:15:34", "text": "volatility is normal. But, it is the"}, {"end": "00:15:39", "start": "00:15:36", "text": "grappling of bulls and bears. Now, I"}, {"end": "00:15:42", "start": "00:15:37", "text": "like the setup on Ethereum right now,"}, {"end": "00:15:43", "start": "00:15:39", "text": "especially as this potential inverse"}, {"end": "00:15:45", "start": "00:15:42", "text": "head and shoulders that I was"}, {"end": "00:15:47", "start": "00:15:43", "text": "speculating about the end of September,"}, {"end": "00:15:50", "start": "00:15:45", "text": "it's kind of coming together. And it's"}, {"end": "00:15:52", "start": "00:15:47", "text": "not the pattern so much as the story"}, {"end": "00:15:53", "start": "00:15:50", "text": "behind the pattern that I like. I talk"}, {"end": "00:15:55", "start": "00:15:52", "text": "about it a lot."}, {"end": "00:15:58", "start": "00:15:53", "text": "And it's just if we're if we're trying"}, {"end": "00:16:00", "start": "00:15:55", "text": "to pivot out of a bear market, right?"}, {"end": "00:16:01", "start": "00:15:58", "text": "There's going to be a a tug-of-war."}, {"end": "00:16:03", "start": "00:16:00", "text": "Like, there's going to be a battle of"}, {"end": "00:16:05", "start": "00:16:01", "text": "bulls and bears, and it's going to last"}, {"end": "00:16:08", "start": "00:16:03", "text": "a while after a a multi-year bear"}, {"end": "00:16:10", "start": "00:16:05", "text": "market. And this is potentially what the"}, {"end": "00:16:11", "start": "00:16:08", "text": "pattern looks like, the battle, what it"}, {"end": "00:16:12", "start": "00:16:10", "text": "looks like. This is going back to"}, {"end": "00:16:14", "start": "00:16:11", "text": "February."}, {"end": "00:16:18", "start": "00:16:12", "text": "Like, this is literally basically the"}, {"end": "00:16:20", "start": "00:16:14", "text": "post-QT dip. The post-QT normalization"}, {"end": "00:16:23", "start": "00:16:18", "text": "phase. That's what that is. And in it, a"}, {"end": "00:16:25", "start": "00:16:20", "text": "battle. So, the bears, right, stepping"}, {"end": "00:16:29", "start": "00:16:23", "text": "in, the bulls stepping back in. Left"}, {"end": "00:16:31", "start": "00:16:25", "text": "shoulder. The bears stepping in harder,"}, {"end": "00:16:33", "start": "00:16:29", "text": "the bulls stepping back in. Head."}, {"end": "00:16:35", "start": "00:16:31", "text": "The bears are stepping in again right"}, {"end": "00:16:37", "start": "00:16:33", "text": "now. And this is the moment of time of"}, {"end": "00:16:39", "start": "00:16:35", "text": "the story that we are in, and I love"}, {"end": "00:16:41", "start": "00:16:37", "text": "that illustration. I love the story. I"}, {"end": "00:16:43", "start": "00:16:39", "text": "love the structure behind the story cuz"}, {"end": "00:16:44", "start": "00:16:41", "text": "that's crypto. And so, we're in this"}, {"end": "00:16:46", "start": "00:16:43", "text": "battle of the bulls and the bears, and"}, {"end": "00:16:49", "start": "00:16:44", "text": "we're going to see who who kind of wins"}, {"end": "00:16:51", "start": "00:16:46", "text": "this this next battle. So, we have a"}, {"end": "00:16:52", "start": "00:16:49", "text": "left shoulder, a head, and a potential"}, {"end": "00:16:54", "start": "00:16:51", "text": "right shoulder. I'm not going to sit"}, {"end": "00:16:56", "start": "00:16:52", "text": "here and say it's it's absolutely going"}, {"end": "00:16:57", "start": "00:16:54", "text": "to be an inverse head and shoulders, but"}, {"end": "00:17:00", "start": "00:16:56", "text": "if say we come down to the right"}, {"end": "00:17:02", "start": "00:16:57", "text": "shoulder, it's 2100, right? The 200-day"}, {"end": "00:17:03", "start": "00:17:00", "text": "moving average. Say that's what the"}, {"end": "00:17:05", "start": "00:17:02", "text": "right shoulder looks like. We start"}, {"end": "00:17:08", "start": "00:17:03", "text": "bouncing out of there, and we're all of"}, {"end": "00:17:09", "start": "00:17:05", "text": "the sudden it's November or December,"}, {"end": "00:17:12", "start": "00:17:08", "text": "and we're at $3,000, and we have a right"}, {"end": "00:17:13", "start": "00:17:09", "text": "shoulder, we have a a confirmed inverse"}, {"end": "00:17:15", "start": "00:17:12", "text": "head and shoulders."}, {"end": "00:17:16", "start": "00:17:13", "text": "Talk about a ridiculously beautiful"}, {"end": "00:17:19", "start": "00:17:15", "text": "pattern for"}, {"end": "00:17:20", "start": "00:17:16", "text": "just a pivot out of bear into bull."}, {"end": "00:17:21", "start": "00:17:19", "text": "Obviously, you look at the chart, it's"}, {"end": "00:17:24", "start": "00:17:20", "text": "like"}, {"end": "00:17:25", "start": "00:17:21", "text": "you better have patience and a plan,"}, {"end": "00:17:28", "start": "00:17:24", "text": "right? This is why I use our risk"}, {"end": "00:17:31", "start": "00:17:25", "text": "models. Like, it's scary thinking this"}, {"end": "00:17:32", "start": "00:17:28", "text": "is a bullish right now back here in June"}, {"end": "00:17:34", "start": "00:17:31", "text": "when we're capitulating."}, {"end": "00:17:36", "start": "00:17:32", "text": "Well, the risk models, yeah, here's"}, {"end": "00:17:39", "start": "00:17:34", "text": "Ethereum risk model. It was saying"}, {"end": "00:17:41", "start": "00:17:36", "text": "absolutely in June this was bullish."}, {"end": "00:17:43", "start": "00:17:39", "text": "Look at the Look at the chart. I mean,"}, {"end": "00:17:46", "start": "00:17:41", "text": "we're at 20 risk model falling into the"}, {"end": "00:17:47", "start": "00:17:43", "text": "teens at at a 10 on the risk model and"}, {"end": "00:17:50", "start": "00:17:46", "text": "we're at low risk. It's like, this is"}, {"end": "00:17:51", "start": "00:17:47", "text": "the time to accumulate."}, {"end": "00:17:52", "start": "00:17:50", "text": "And so, when we're going back to the"}, {"end": "00:17:54", "start": "00:17:51", "text": "Ethereum chart and we're looking at it"}, {"end": "00:17:56", "start": "00:17:52", "text": "on the daily, we're we're trying to exit"}, {"end": "00:17:59", "start": "00:17:54", "text": "that. And so, putting in a higher low at"}, {"end": "00:18:03", "start": "00:17:56", "text": "2100 at the 200 would be a very nice"}, {"end": "00:18:05", "start": "00:17:59", "text": "area. I mean, even if we don't fall to"}, {"end": "00:18:06", "start": "00:18:03", "text": "the 200-day, we don't have to. Maybe"}, {"end": "00:18:08", "start": "00:18:05", "text": "Ethereum starts trying to find its"}, {"end": "00:18:09", "start": "00:18:06", "text": "bottom, we get a more shallow right"}, {"end": "00:18:10", "start": "00:18:08", "text": "shoulder. I don't know what the"}, {"end": "00:18:13", "start": "00:18:09", "text": "structure will look like. It could be"}, {"end": "00:18:15", "start": "00:18:10", "text": "even worse. We might be testing if we go"}, {"end": "00:18:18", "start": "00:18:13", "text": "swing low to swing high, maybe we're"}, {"end": "00:18:21", "start": "00:18:15", "text": "testing a Fibonacci range. The 618 right"}, {"end": "00:18:24", "start": "00:18:18", "text": "now is around 2000s. Can you imagine sub"}, {"end": "00:18:27", "start": "00:18:21", "text": "2000 at 1700, 1800, 1900? There's a"}, {"end": "00:18:28", "start": "00:18:24", "text": "higher low Fibonacci range right here"}, {"end": "00:18:31", "start": "00:18:27", "text": "that's in play. What type of"}, {"end": "00:18:34", "start": "00:18:28", "text": "macroeconomic events might happen"}, {"end": "00:18:36", "start": "00:18:31", "text": "that that drive fear to bring Ethereum"}, {"end": "00:18:38", "start": "00:18:34", "text": "there? That will look terrible. I will"}, {"end": "00:18:40", "start": "00:18:36", "text": "be focusing on the non-emotional aspects"}, {"end": "00:18:42", "start": "00:18:38", "text": "of that move if it happens. But right"}, {"end": "00:18:43", "start": "00:18:40", "text": "now, I'm waiting for structure to form"}, {"end": "00:18:45", "start": "00:18:42", "text": "and right now Ethereum is kind of in"}, {"end": "00:18:48", "start": "00:18:43", "text": "free fall as it has fallen below the the"}, {"end": "00:18:50", "start": "00:18:45", "text": "50-day moving average on the daily"}, {"end": "00:18:53", "start": "00:18:48", "text": "chart. Really, the next clear support is"}, {"end": "00:18:55", "start": "00:18:50", "text": "the 200-day moving average right around"}, {"end": "00:18:56", "start": "00:18:53", "text": "$2100."}, {"end": "00:18:59", "start": "00:18:55", "text": "And if we go over, I just kind of want"}, {"end": "00:19:00", "start": "00:18:56", "text": "to look at Ondo real quickly because as"}, {"end": "00:19:01", "start": "00:18:59", "text": "you know, I've just kind of been like,"}, {"end": "00:19:03", "start": "00:19:00", "text": "you know what?"}, {"end": "00:19:05", "start": "00:19:01", "text": "I'm looking at this macro shift into"}, {"end": "00:19:07", "start": "00:19:03", "text": "bull. Why not spend some time"}, {"end": "00:19:09", "start": "00:19:05", "text": "accumulating a a"}, {"end": "00:19:10", "start": "00:19:07", "text": "tokenization narrative play and I've"}, {"end": "00:19:12", "start": "00:19:09", "text": "been just slowly trickling in if you've"}, {"end": "00:19:16", "start": "00:19:10", "text": "been watching my videos. I think since"}, {"end": "00:19:17", "start": "00:19:12", "text": "maybe the end of September. And"}, {"end": "00:19:19", "start": "00:19:16", "text": "kind of caught I think the beginning of"}, {"end": "00:19:21", "start": "00:19:17", "text": "this breakout. I think I bought"}, {"end": "00:19:23", "start": "00:19:19", "text": "somewhere up in here. And right now I'm"}, {"end": "00:19:24", "start": "00:19:21", "text": "just kind of continuing to watch. If if"}, {"end": "00:19:26", "start": "00:19:23", "text": "Ondo starts falling even into this range"}, {"end": "00:19:27", "start": "00:19:24", "text": "again,"}, {"end": "00:19:29", "start": "00:19:26", "text": "I mean we're at 45, we might fall into"}, {"end": "00:19:30", "start": "00:19:27", "text": "30s."}, {"end": "00:19:32", "start": "00:19:29", "text": "Right? If we go actually look at Ondo"}, {"end": "00:19:35", "start": "00:19:30", "text": "right now on our risk models at a 30."}, {"end": "00:19:37", "start": "00:19:32", "text": "So 87% of the time after 1 year price"}, {"end": "00:19:39", "start": "00:19:35", "text": "was higher. It's a newer model, so a lot"}, {"end": "00:19:40", "start": "00:19:37", "text": "of the data that it's taking into"}, {"end": "00:19:43", "start": "00:19:39", "text": "account is emerging asset theory, which"}, {"end": "00:19:45", "start": "00:19:40", "text": "is statistical modeling of market"}, {"end": "00:19:47", "start": "00:19:43", "text": "cycles. So it's really kind of it's it's"}, {"end": "00:19:49", "start": "00:19:45", "text": "basically extracting as I understand it"}, {"end": "00:19:51", "start": "00:19:47", "text": "from Axel, who is just Axel and"}, {"end": "00:19:54", "start": "00:19:49", "text": "Alessandro. They've they've put so much"}, {"end": "00:19:56", "start": "00:19:51", "text": "time and thought into building these"}, {"end": "00:19:58", "start": "00:19:54", "text": "models. And"}, {"end": "00:20:00", "start": "00:19:56", "text": "when it comes to newer models, there's a"}, {"end": "00:20:01", "start": "00:19:58", "text": "trick to it. And that is we don't have"}, {"end": "00:20:04", "start": "00:20:00", "text": "all of this historical data. Like if you"}, {"end": "00:20:07", "start": "00:20:01", "text": "go to something like uh Ethereum even."}, {"end": "00:20:10", "start": "00:20:04", "text": "It's going back to 2016 at least. If you"}, {"end": "00:20:12", "start": "00:20:07", "text": "go to something like Bitcoin,"}, {"end": "00:20:15", "start": "00:20:10", "text": "going back to 2010, there's a lot of"}, {"end": "00:20:16", "start": "00:20:12", "text": "data to to model after. And if you go to"}, {"end": "00:20:18", "start": "00:20:15", "text": "something like Ondo, it's like, all"}, {"end": "00:20:20", "start": "00:20:16", "text": "right, well, it's kind of a newer chart"}, {"end": "00:20:22", "start": "00:20:18", "text": "and the data on this model goes back to"}, {"end": "00:20:24", "start": "00:20:20", "text": "like 2024."}, {"end": "00:20:26", "start": "00:20:22", "text": "So that's where emerging asset theory uh"}, {"end": "00:20:28", "start": "00:20:24", "text": "comes into play."}, {"end": "00:20:30", "start": "00:20:26", "text": "And it really plays plays off of the"}, {"end": "00:20:32", "start": "00:20:28", "text": "data of market cycles in general, not"}, {"end": "00:20:35", "start": "00:20:30", "text": "just Ondo data."}, {"end": "00:20:36", "start": "00:20:32", "text": "Um so with that being said, look at Ondo"}, {"end": "00:20:40", "start": "00:20:35", "text": "on the risk on the risk model. I mean,"}, {"end": "00:20:41", "start": "00:20:36", "text": "we're at a 32 right now in the in the"}, {"end": "00:20:44", "start": "00:20:40", "text": "bulk of the accumulation phase it was at"}, {"end": "00:20:46", "start": "00:20:41", "text": "a 12. Our model was screaming, everybody"}, {"end": "00:20:47", "start": "00:20:44", "text": "accumulate. There's an eight I think I"}, {"end": "00:20:50", "start": "00:20:46", "text": "just saw on there. Right? There's an"}, {"end": "00:20:52", "start": "00:20:47", "text": "eight right there, February uh beginning"}, {"end": "00:20:54", "start": "00:20:50", "text": "of February. So"}, {"end": "00:20:57", "start": "00:20:52", "text": "right now, we're at 30."}, {"end": "00:20:59", "start": "00:20:54", "text": "If this dip continues, 20s is likely."}, {"end": "00:21:01", "start": "00:20:57", "text": "That is accumulation range. And I'll"}, {"end": "00:21:04", "start": "00:20:59", "text": "just keep trickling in. I'm not"}, {"end": "00:21:05", "start": "00:21:01", "text": "hyper-focused on it. I'm I'm in my my"}, {"end": "00:21:09", "start": "00:21:04", "text": "other long-term plays that that just"}, {"end": "00:21:11", "start": "00:21:05", "text": "spent years planning and and allocating"}, {"end": "00:21:14", "start": "00:21:09", "text": "towards. Right now the whole Ondo thing"}, {"end": "00:21:16", "start": "00:21:11", "text": "is get some exposure to a tokenization"}, {"end": "00:21:18", "start": "00:21:14", "text": "play. Ondo is continuing to make moves"}, {"end": "00:21:21", "start": "00:21:16", "text": "in in that regard. So, that's what I'm"}, {"end": "00:21:22", "start": "00:21:18", "text": "looking at Ondo. If we go look at Sui, I"}, {"end": "00:21:24", "start": "00:21:21", "text": "want to take a look at Sui. It's one of"}, {"end": "00:21:26", "start": "00:21:22", "text": "my top altcoin holds as well. Kind of"}, {"end": "00:21:28", "start": "00:21:24", "text": "just doing what we just talked about on"}, {"end": "00:21:31", "start": "00:21:26", "text": "the Ethereum chart, which is"}, {"end": "00:21:32", "start": "00:21:28", "text": "we have a fall below the 50-week moving"}, {"end": "00:21:34", "start": "00:21:31", "text": "average, but here's that 20-week all the"}, {"end": "00:21:36", "start": "00:21:32", "text": "way down here at 81."}, {"end": "00:21:37", "start": "00:21:34", "text": "If If we're waiting for the flipening of"}, {"end": "00:21:38", "start": "00:21:36", "text": "the the 20 above the 50, I mean"}, {"end": "00:21:40", "start": "00:21:37", "text": "essentially that's what we want to see."}, {"end": "00:21:42", "start": "00:21:38", "text": "I'm not going to predict it and say it's"}, {"end": "00:21:43", "start": "00:21:40", "text": "guaranteed to happen everybody. I always"}, {"end": "00:21:45", "start": "00:21:42", "text": "say it could all go to zero, but if we"}, {"end": "00:21:47", "start": "00:21:43", "text": "want it to happen, these pullbacks into"}, {"end": "00:21:49", "start": "00:21:45", "text": "the range"}, {"end": "00:21:52", "start": "00:21:47", "text": "consolidation to shift out of the range"}, {"end": "00:21:54", "start": "00:21:49", "text": "and out of the cycle into expansion,"}, {"end": "00:21:56", "start": "00:21:52", "text": "it's just the story. And it's man, it's"}, {"end": "00:21:57", "start": "00:21:54", "text": "a game of patience."}, {"end": "00:21:59", "start": "00:21:56", "text": "Um and sometimes it gets difficult."}, {"end": "00:22:01", "start": "00:21:57", "text": "Sometimes it gets difficult for me cuz I"}, {"end": "00:22:03", "start": "00:21:59", "text": "can't even turn my brain off"}, {"end": "00:22:04", "start": "00:22:01", "text": "from crypto for like, \"Hey, I'm I'm done"}, {"end": "00:22:07", "start": "00:22:03", "text": "for a couple weeks. I'll I'll come back"}, {"end": "00:22:08", "start": "00:22:04", "text": "to it later.\" I literally do videos"}, {"end": "00:22:11", "start": "00:22:07", "text": "every day. I work in the crypto space."}, {"end": "00:22:15", "start": "00:22:08", "text": "So, I have to watch this closely. And I"}, {"end": "00:22:17", "start": "00:22:11", "text": "like to. I do. Um but with it comes"}, {"end": "00:22:19", "start": "00:22:15", "text": "you have to have"}, {"end": "00:22:21", "start": "00:22:17", "text": "um discipline"}, {"end": "00:22:23", "start": "00:22:19", "text": "not to get emotional."}, {"end": "00:22:24", "start": "00:22:21", "text": "Um so, that's Sui allowing for"}, {"end": "00:22:26", "start": "00:22:23", "text": "consolidation. Would have been awesome"}, {"end": "00:22:28", "start": "00:22:24", "text": "to see support and even just sideways at"}, {"end": "00:22:30", "start": "00:22:26", "text": "the 50-week. I don't know. I mean,"}, {"end": "00:22:32", "start": "00:22:28", "text": "there's still 3 days 8 hours. Let's see"}, {"end": "00:22:35", "start": "00:22:30", "text": "if Sui can close a weekly candle above a"}, {"end": "00:22:37", "start": "00:22:32", "text": "dollar eight. I I wouldn't sit here and"}, {"end": "00:22:39", "start": "00:22:35", "text": "say that's probably the base case at"}, {"end": "00:22:41", "start": "00:22:37", "text": "this point. Um but what I'll be watching"}, {"end": "00:22:43", "start": "00:22:39", "text": "now on Sui is consolidation between the"}, {"end": "00:22:46", "start": "00:22:41", "text": "20 and the 50 moving averages. So,"}, {"end": "00:22:49", "start": "00:22:43", "text": "between 82 cents and a dollar eight"}, {"end": "00:22:51", "start": "00:22:46", "text": "cents. Pretty much a normal move. Want"}, {"end": "00:22:54", "start": "00:22:49", "text": "to go look at Cardano. Unfortunately,"}, {"end": "00:22:55", "start": "00:22:51", "text": "Cardano got wrapped into the the current"}, {"end": "00:22:56", "start": "00:22:54", "text": "consolidation that's happening in the"}, {"end": "00:22:58", "start": "00:22:55", "text": "crypto space and didn't get its"}, {"end": "00:23:02", "start": "00:22:56", "text": "breakout, right? We're We're getting a"}, {"end": "00:23:03", "start": "00:22:58", "text": "very typical Let me change this to a"}, {"end": "00:23:05", "start": "00:23:02", "text": "First off, you can just see on the"}, {"end": "00:23:08", "start": "00:23:03", "text": "weekly 50-week moving average resistance"}, {"end": "00:23:09", "start": "00:23:05", "text": "similar to Sui, 20-week down here at 19"}, {"end": "00:23:12", "start": "00:23:08", "text": "cents, but let's go to the daily to do"}, {"end": "00:23:15", "start": "00:23:09", "text": "some short-term analysis on Cardano."}, {"end": "00:23:17", "start": "00:23:12", "text": "Pullback. Pullback to the apex of this"}, {"end": "00:23:19", "start": "00:23:15", "text": "this pattern that was setting up. It"}, {"end": "00:23:22", "start": "00:23:17", "text": "would have been absolutely awesome to"}, {"end": "00:23:26", "start": "00:23:19", "text": "see Cardano just head into the 30s, you"}, {"end": "00:23:28", "start": "00:23:22", "text": "know, at the very least hit a target"}, {"end": "00:23:30", "start": "00:23:26", "text": "out of that pattern, then start getting"}, {"end": "00:23:31", "start": "00:23:28", "text": "the pullback. It didn't happen. We're"}, {"end": "00:23:33", "start": "00:23:30", "text": "just pulling back now."}, {"end": "00:23:35", "start": "00:23:31", "text": "You know, welcome to the world of Ada, I"}, {"end": "00:23:37", "start": "00:23:33", "text": "would say. But, as we continue to watch"}, {"end": "00:23:40", "start": "00:23:35", "text": "all of these other cryptos consolidate"}, {"end": "00:23:41", "start": "00:23:37", "text": "right now, the strongest of support we"}, {"end": "00:23:44", "start": "00:23:40", "text": "want to see hold for Cardano is in the"}, {"end": "00:23:46", "start": "00:23:41", "text": "lower 20s, like 21 cents or so."}, {"end": "00:23:48", "start": "00:23:44", "text": "Um the lower trend line of this pattern"}, {"end": "00:23:50", "start": "00:23:46", "text": "as well as the 200-day moving average."}, {"end": "00:23:51", "start": "00:23:48", "text": "So, that's an area to track on Cardano"}, {"end": "00:23:54", "start": "00:23:50", "text": "right now. But, just like every other"}, {"end": "00:23:56", "start": "00:23:51", "text": "coin we're in kind of this cycle shift"}, {"end": "00:23:59", "start": "00:23:54", "text": "moment. Go to something like midnight,"}, {"end": "00:24:02", "start": "00:23:56", "text": "insane overextension from everything. Um"}, {"end": "00:24:04", "start": "00:23:59", "text": "so, this is this is the more"}, {"end": "00:24:06", "start": "00:24:02", "text": "overextension for moving averages, the"}, {"end": "00:24:08", "start": "00:24:04", "text": "more room there is for pullback, the"}, {"end": "00:24:10", "start": "00:24:06", "text": "more room there is to eventually see"}, {"end": "00:24:13", "start": "00:24:08", "text": "support at all these moving averages."}, {"end": "00:24:14", "start": "00:24:10", "text": "So, that's pretty good for midnight"}, {"end": "00:24:17", "start": "00:24:13", "text": "because just had a beautiful move to the"}, {"end": "00:24:19", "start": "00:24:14", "text": "upside, and now we're just even if"}, {"end": "00:24:21", "start": "00:24:17", "text": "crypto wasn't crashing right now,"}, {"end": "00:24:22", "start": "00:24:19", "text": "uh I think any type of consolidation or"}, {"end": "00:24:24", "start": "00:24:21", "text": "pullback for midnight is normal and and"}, {"end": "00:24:27", "start": "00:24:22", "text": "I would say very healthy. But, currently"}, {"end": "00:24:28", "start": "00:24:24", "text": "down around 18% from highs, and if you"}, {"end": "00:24:31", "start": "00:24:27", "text": "go back down to the 20-day moving"}, {"end": "00:24:35", "start": "00:24:28", "text": "average, the 200-day, that's like we're"}, {"end": "00:24:36", "start": "00:24:31", "text": "looking at 35, 43%. That if you open up"}, {"end": "00:24:37", "start": "00:24:35", "text": "the charts and you're looking at that"}, {"end": "00:24:39", "start": "00:24:36", "text": "type of dip for midnight, it looks like"}, {"end": "00:24:42", "start": "00:24:37", "text": "failure. But,"}, {"end": "00:24:43", "start": "00:24:39", "text": "in crypto for something like midnight,"}, {"end": "00:24:45", "start": "00:24:42", "text": "which is under a billion-dollar market"}, {"end": "00:24:47", "start": "00:24:43", "text": "cap, that is absolutely completely"}, {"end": "00:24:50", "start": "00:24:45", "text": "normal. Especially if we're, you know,"}, {"end": "00:24:53", "start": "00:24:47", "text": "heading into a bull market. A 40 40%"}, {"end": "00:24:55", "start": "00:24:50", "text": "dip, 50% dip for a crypto right now"}, {"end": "00:24:57", "start": "00:24:53", "text": "before a bull market for under a"}, {"end": "00:24:59", "start": "00:24:55", "text": "billion-dollar market cap"}, {"end": "00:25:01", "start": "00:24:57", "text": "just 100% normal. It's not something to"}, {"end": "00:25:04", "start": "00:24:59", "text": "look at and be like, \"Ah, failed.\" At"}, {"end": "00:25:06", "start": "00:25:01", "text": "all. That is a retrace and it is normal."}, {"end": "00:25:07", "start": "00:25:04", "text": "So,"}, {"end": "00:25:08", "start": "00:25:06", "text": "um"}, {"end": "00:25:09", "start": "00:25:07", "text": "that's it. That's the analysis,"}, {"end": "00:25:12", "start": "00:25:08", "text": "everybody. 25 minutes, boom, live"}, {"end": "00:25:14", "start": "00:25:09", "text": "stream, I'm done. I I always go over and"}, {"end": "00:25:15", "start": "00:25:12", "text": "I just wanted to make it very just"}, {"end": "00:25:17", "start": "00:25:14", "text": "punchy,"}, {"end": "00:25:18", "start": "00:25:15", "text": "go through some of these coins, talk"}, {"end": "00:25:20", "start": "00:25:17", "text": "about the dip is normal. I'll put the"}, {"end": "00:25:21", "start": "00:25:18", "text": "timestamps. If you're heading into live"}, {"end": "00:25:23", "start": "00:25:20", "text": "stream right now, you can look out for"}, {"end": "00:25:25", "start": "00:25:21", "text": "those timestamps, I'll make it easy for"}, {"end": "00:25:27", "start": "00:25:23", "text": "you. But, if you're a replay viewer as"}, {"end": "00:25:27", "start": "00:25:25", "text": "well, I appreciate all of you guys"}, {"end": "00:25:29", "start": "00:25:27", "text": "watching. If you're not in our"}, {"end": "00:25:31", "start": "00:25:27", "text": "intelligence system, we got our new"}, {"end": "00:25:33", "start": "00:25:29", "text": "business cycle index, we've got our risk"}, {"end": "00:25:36", "start": "00:25:31", "text": "models. So, we are still in accumulation"}, {"end": "00:25:39", "start": "00:25:33", "text": "phase. If you want to prepare for when"}, {"end": "00:25:41", "start": "00:25:36", "text": "we get into exit phase, high risk"}, {"end": "00:25:43", "start": "00:25:39", "text": "scores, I mean, our models have told us"}, {"end": "00:25:44", "start": "00:25:41", "text": "through cycles. If you look back on"}, {"end": "00:25:46", "start": "00:25:43", "text": "these cycles, we didn't have a model"}, {"end": "00:25:49", "start": "00:25:44", "text": "back here, but this is what it's saying."}, {"end": "00:25:51", "start": "00:25:46", "text": "Accumulate the light green, sell the"}, {"end": "00:25:54", "start": "00:25:49", "text": "yellows and the dark reds. And this is"}, {"end": "00:25:55", "start": "00:25:51", "text": "where we are right now, everybody. So,"}, {"end": "00:25:57", "start": "00:25:54", "text": "um if you want a free trial to check us"}, {"end": "00:25:59", "start": "00:25:55", "text": "out, we are just cruising, we're"}, {"end": "00:26:00", "start": "00:25:57", "text": "building, and I'm excited about it, and"}, {"end": "00:26:02", "start": "00:25:59", "text": "I would love to have you join the"}, {"end": "00:26:04", "start": "00:26:00", "text": "community. Uh at the very least, try us"}, {"end": "00:26:05", "start": "00:26:02", "text": "out. Link is below. So, appreciate each"}, {"end": "00:26:07", "start": "00:26:04", "text": "and every one of you watching. If you're"}, {"end": "00:26:09", "start": "00:26:05", "text": "not subscribed, subscribe. Turn"}, {"end": "00:26:13", "start": "00:26:07", "text": "notifications on. I will see you in the"}, {"end": "00:26:13", "start": "00:26:09", "text": "next video. Have a good day. God bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "We'll talk about the 20week, right?"}, {"start": "00:00:01", "end": "00:00:07", "text": "Here's the 20W week. Here's the 50WE. We"}, {"start": "00:00:05", "end": "00:00:10", "text": "are literally like, look at this 50WE,"}, {"start": "00:00:07", "end": "00:00:12", "text": "20we. We are in this moment post"}, {"start": "00:00:10", "end": "00:00:15", "text": "quantitative tightening dip between the"}, {"start": "00:00:12", "end": "00:00:17", "text": "20 and the 50 like just making a move"}, {"start": "00:00:15", "end": "00:00:19", "text": "right now. We're waiting for the 20 to"}, {"start": "00:00:17", "end": "00:00:21", "text": "pop above the 50. That's what we're"}, {"start": "00:00:19", "end": "00:00:22", "text": "waiting for. That's what's in store for"}, {"start": "00:00:21", "end": "00:00:24", "text": "all coins right now. We are at the"}, {"start": "00:00:22", "end": "00:00:27", "text": "beginning of a cycle shift into a bull"}, {"start": "00:00:24", "end": "00:00:28", "text": "market. But here's the caution, and I"}, {"start": "00:00:27", "end": "00:00:31", "text": "just can't stop thinking about it right"}, {"start": "00:00:28", "end": "00:00:33", "text": "now. Embrace the dip, everybody. Welcome"}, {"start": "00:00:31", "end": "00:00:35", "text": "to crypto, even in bull markets. And"}, {"start": "00:00:33", "end": "00:00:36", "text": "this dip might just be getting started"}, {"start": "00:00:35", "end": "00:00:37", "text": "right now. I want to actually start the"}, {"start": "00:00:36", "end": "00:00:40", "text": "video with a clip from yesterday. This"}, {"start": "00:00:37", "end": "00:00:42", "text": "is not even 24 hours as I record this"}, {"start": "00:00:40", "end": "00:00:44", "text": "video. Check this out. Number one is"}, {"start": "00:00:42", "end": "00:00:47", "text": "this. You see this swing low back here,"}, {"start": "00:00:44", "end": "00:00:49", "text": "midseptember, two swing high. This first"}, {"start": "00:00:47", "end": "00:00:52", "text": "box here, it's it's a Fibonacci that you"}, {"start": "00:00:49", "end": "00:00:54", "text": "see here in purple 618 to 786. It's a"}, {"start": "00:00:52", "end": "00:00:57", "text": "first area that I'd be watching for"}, {"start": "00:00:54", "end": "00:00:59", "text": "support. If we go to Ethereum right now,"}, {"start": "00:00:57", "end": "00:01:01", "text": "we are not even in the Fibonacci. That's"}, {"start": "00:00:59", "end": "00:01:02", "text": "the first area of support. So, just to"}, {"start": "00:01:01", "end": "00:01:04", "text": "give you a sense, yes, we're getting"}, {"start": "00:01:02", "end": "00:01:06", "text": "some downside right now on Ethereum and"}, {"start": "00:01:04", "end": "00:01:07", "text": "all coins. And we're going to actually"}, {"start": "00:01:06", "end": "00:01:09", "text": "do some really nice analysis on the"}, {"start": "00:01:07", "end": "00:01:11", "text": "short term. But just to give you a sense"}, {"start": "00:01:09", "end": "00:01:12", "text": "from where we are right now, even to get"}, {"start": "00:01:11", "end": "00:01:15", "text": "to the Fibonacci could be another four"}, {"start": "00:01:12", "end": "00:01:17", "text": "to 5%, the lower range, and then into"}, {"start": "00:01:15", "end": "00:01:21", "text": "this heavier accumulation range down to"}, {"start": "00:01:17", "end": "00:01:23", "text": "this 200 day moving average, $2,100."}, {"start": "00:01:21", "end": "00:01:25", "text": "It's another 17% for Ethereum to"}, {"start": "00:01:23", "end": "00:01:27", "text": "downside. Be prepared for it. But there"}, {"start": "00:01:25", "end": "00:01:29", "text": "are some things if I digress just a"}, {"start": "00:01:27", "end": "00:01:31", "text": "moment to watch for first on something"}, {"start": "00:01:29", "end": "00:01:34", "text": "like a Bitcoin chart. But put these"}, {"start": "00:01:31", "end": "00:01:36", "text": "short-term price actions aside. I'm also"}, {"start": "00:01:34", "end": "00:01:39", "text": "going to go over the zoomed out. So"}, {"start": "00:01:36", "end": "00:01:42", "text": "Ethereum on the weekly, Cardano on the"}, {"start": "00:01:39", "end": "00:01:43", "text": "weekly, XRP on the weekly, some of the"}, {"start": "00:01:42", "end": "00:01:45", "text": "OGs because what's happening on the"}, {"start": "00:01:43", "end": "00:01:48", "text": "weekly right now on these altcoins, it"}, {"start": "00:01:45", "end": "00:01:51", "text": "just it gets me so excited right now for"}, {"start": "00:01:48", "end": "00:01:52", "text": "where we are in this crypto cycle. So"}, {"start": "00:01:51", "end": "00:01:53", "text": "we're going to start on the short term."}, {"start": "00:01:52", "end": "00:01:55", "text": "We're going to look at this breakout to"}, {"start": "00:01:53", "end": "00:01:57", "text": "the downside that Bitcoin has right now."}, {"start": "00:01:55", "end": "00:01:59", "text": "We're going to look at the volatility"}, {"start": "00:01:57", "end": "00:02:01", "text": "that might be in store to just embrace"}, {"start": "00:01:59", "end": "00:02:02", "text": "the dip right now if you're a macro"}, {"start": "00:02:01", "end": "00:02:04", "text": "bull. And then we're going to look at"}, {"start": "00:02:02", "end": "00:02:05", "text": "these altcoin charts. Everybody, real"}, {"start": "00:02:04", "end": "00:02:07", "text": "quick, we're partnered with Coinbase"}, {"start": "00:02:05", "end": "00:02:09", "text": "right now. We've got something new for"}, {"start": "00:02:07", "end": "00:02:11", "text": "the CCV community. Even if you have an"}, {"start": "00:02:09", "end": "00:02:14", "text": "active Coinbase account, click the link"}, {"start": "00:02:11", "end": "00:02:15", "text": "below, get set up under me, and get"}, {"start": "00:02:14", "end": "00:02:19", "text": "access to our community offer which"}, {"start": "00:02:15", "end": "00:02:21", "text": "includes 80% off spot trading fees. So,"}, {"start": "00:02:19", "end": "00:02:24", "text": "even if you have a Coinbase account,"}, {"start": "00:02:21", "end": "00:02:26", "text": "click my link below and activate rewards"}, {"start": "00:02:24", "end": "00:02:28", "text": "via that link. And if you're new to"}, {"start": "00:02:26", "end": "00:02:31", "text": "Coinbase, there's up to 250 USDC in"}, {"start": "00:02:28", "end": "00:02:34", "text": "rewards starting with 25 USDC for"}, {"start": "00:02:31", "end": "00:02:35", "text": "completing ID verification. This is"}, {"start": "00:02:34", "end": "00:02:38", "text": "withdrawable rewards, too, everybody."}, {"start": "00:02:35", "end": "00:02:40", "text": "So, click the Coinbase link below, hit"}, {"start": "00:02:38", "end": "00:02:41", "text": "activate rewards, and follow the steps"}, {"start": "00:02:40", "end": "00:02:43", "text": "to get started. So, I don't know if you"}, {"start": "00:02:41", "end": "00:02:46", "text": "saw my video from yesterday. We were"}, {"start": "00:02:43", "end": "00:02:47", "text": "tracking this exact pattern for Bitcoin."}, {"start": "00:02:46", "end": "00:02:50", "text": "It's kind of an ascending triangle."}, {"start": "00:02:47", "end": "00:02:52", "text": "Obviously, we would like to see the move"}, {"start": "00:02:50", "end": "00:02:55", "text": "to the upside. It was just yesterday I"}, {"start": "00:02:52", "end": "00:02:56", "text": "said basically get ready. A move is"}, {"start": "00:02:55", "end": "00:03:00", "text": "probably getting ready to happen. We're"}, {"start": "00:02:56", "end": "00:03:02", "text": "70 to 75% of the way to the apex of this"}, {"start": "00:03:00", "end": "00:03:04", "text": "setup. A breakout to the upside or"}, {"start": "00:03:02", "end": "00:03:06", "text": "downside is probably getting ready and"}, {"start": "00:03:04", "end": "00:03:07", "text": "we got to move to the downside. So, now"}, {"start": "00:03:06", "end": "00:03:09", "text": "we are in this scenario that I talked"}, {"start": "00:03:07", "end": "00:03:11", "text": "about yesterday where we're getting a"}, {"start": "00:03:09", "end": "00:03:12", "text": "break to the downside and now we're"}, {"start": "00:03:11", "end": "00:03:14", "text": "waiting for one of two things to happen."}, {"start": "00:03:12", "end": "00:03:16", "text": "either we're going to pull back to the"}, {"start": "00:03:14", "end": "00:03:17", "text": "trend line. We're going to get a very"}, {"start": "00:03:16", "end": "00:03:20", "text": "big test of that trend line around"}, {"start": "00:03:17", "end": "00:03:22", "text": "$85,000. This might turn into a busted"}, {"start": "00:03:20", "end": "00:03:24", "text": "pattern where we're breaking to the"}, {"start": "00:03:22", "end": "00:03:26", "text": "upside and then we're going to start"}, {"start": "00:03:24", "end": "00:03:29", "text": "making our way to the target to the"}, {"start": "00:03:26", "end": "00:03:32", "text": "upside. Right? That's a bullish"}, {"start": "00:03:29", "end": "00:03:34", "text": "scenario. The other scenario is we test"}, {"start": "00:03:32", "end": "00:03:37", "text": "the 85 and we fail and we continue lower"}, {"start": "00:03:34", "end": "00:03:39", "text": "to the target to the downside. Right"}, {"start": "00:03:37", "end": "00:03:40", "text": "now, Bitcoin is at at this moment. We've"}, {"start": "00:03:39", "end": "00:03:42", "text": "broken to the downside and we're going"}, {"start": "00:03:40", "end": "00:03:44", "text": "to see is this going to just keep"}, {"start": "00:03:42", "end": "00:03:46", "text": "falling, right? And if if we think about"}, {"start": "00:03:44", "end": "00:03:48", "text": "the target, you know, on this pattern,"}, {"start": "00:03:46", "end": "00:03:51", "text": "we're probably like right around 79,"}, {"start": "00:03:48", "end": "00:03:52", "text": "$80,000. And if we're looking at this"}, {"start": "00:03:51", "end": "00:03:54", "text": "chart, there's obviously still some"}, {"start": "00:03:52", "end": "00:03:56", "text": "downside, but that's just that next"}, {"start": "00:03:54", "end": "00:03:58", "text": "area. If crypto just keeps falling,"}, {"start": "00:03:56", "end": "00:04:01", "text": "watch for Bitcoin what it does. But very"}, {"start": "00:03:58", "end": "00:04:04", "text": "first, what I will watch is can Bitcoin"}, {"start": "00:04:01", "end": "00:04:05", "text": "make a way back to $85,000 or so? And"}, {"start": "00:04:04", "end": "00:04:07", "text": "what happens in that moment? Does"}, {"start": "00:04:05", "end": "00:04:08", "text": "Bitcoin actually break through that?"}, {"start": "00:04:07", "end": "00:04:11", "text": "Because if so, we have short-term"}, {"start": "00:04:08", "end": "00:04:12", "text": "bullish confirmation. So, going over to"}, {"start": "00:04:11", "end": "00:04:13", "text": "Ethereum, I want to just look at this"}, {"start": "00:04:12", "end": "00:04:15", "text": "chart because this plays heavily into"}, {"start": "00:04:13", "end": "00:04:18", "text": "altcoins and we're about to look at the"}, {"start": "00:04:15", "end": "00:04:20", "text": "altcoin chart zoomed out. If this is"}, {"start": "00:04:18", "end": "00:04:21", "text": "breaking further to the downside, we're"}, {"start": "00:04:20", "end": "00:04:22", "text": "going to test this Fibonacci. And I"}, {"start": "00:04:21", "end": "00:04:24", "text": "talked about yesterday when you're in"}, {"start": "00:04:22", "end": "00:04:26", "text": "Coinbase, for instance, if you want to"}, {"start": "00:04:24", "end": "00:04:28", "text": "start setting your buy limit orders,"}, {"start": "00:04:26", "end": "00:04:30", "text": "right? And this is just an example. I'm"}, {"start": "00:04:28", "end": "00:04:32", "text": "not saying, hey, set a buy limit order"}, {"start": "00:04:30", "end": "00:04:33", "text": "for Ethereum right in this Fibonacci."}, {"start": "00:04:32", "end": "00:04:35", "text": "But if you're like things are about to"}, {"start": "00:04:33", "end": "00:04:37", "text": "get out of control and it's not just"}, {"start": "00:04:35", "end": "00:04:39", "text": "Ethereum, you're on another altcoin"}, {"start": "00:04:37", "end": "00:04:41", "text": "chart. If you want to set your buy limit"}, {"start": "00:04:39", "end": "00:04:42", "text": "orders and keep accumulating crypto"}, {"start": "00:04:41", "end": "00:04:44", "text": "right now and you just want to be like,"}, {"start": "00:04:42", "end": "00:04:46", "text": "I'm setting it, I'm forgetting it. I"}, {"start": "00:04:44", "end": "00:04:49", "text": "want a $2,200 Ethereum. You can just go"}, {"start": "00:04:46", "end": "00:04:51", "text": "into the chart in Coinbase, set the"}, {"start": "00:04:49", "end": "00:04:54", "text": "limit order for buying and boom, the"}, {"start": "00:04:51", "end": "00:04:56", "text": "order is placed. If if price gets there,"}, {"start": "00:04:54", "end": "00:04:58", "text": "you know, your order will fill and"}, {"start": "00:04:56", "end": "00:05:00", "text": "you're accumulating. If you want to wait"}, {"start": "00:04:58", "end": "00:05:02", "text": "kind of like I do and set a limit order"}, {"start": "00:05:00", "end": "00:05:03", "text": "in real time and just try and fill it"}, {"start": "00:05:02", "end": "00:05:05", "text": "when it's at a certain price, you can do"}, {"start": "00:05:03", "end": "00:05:07", "text": "that too. But this is where potentially"}, {"start": "00:05:05", "end": "00:05:09", "text": "all coins are heading to right now. And"}, {"start": "00:05:07", "end": "00:05:11", "text": "the reason I'm bringing it up is because"}, {"start": "00:05:09", "end": "00:05:13", "text": "as you've been watching my videos, I've"}, {"start": "00:05:11", "end": "00:05:15", "text": "been just kind of like the window is"}, {"start": "00:05:13", "end": "00:05:16", "text": "closing for all coins. And we're about"}, {"start": "00:05:15", "end": "00:05:20", "text": "to look at this on the weekly chart,"}, {"start": "00:05:16", "end": "00:05:22", "text": "everybody. If the window is closing and"}, {"start": "00:05:20", "end": "00:05:24", "text": "we're about to enter into an expansion"}, {"start": "00:05:22", "end": "00:05:26", "text": "phase, and this is not a guarantee, but"}, {"start": "00:05:24", "end": "00:05:28", "text": "if you're determining your own risk and"}, {"start": "00:05:26", "end": "00:05:30", "text": "you want to keep positioning right now,"}, {"start": "00:05:28", "end": "00:05:31", "text": "there's still time to accumulate. So,"}, {"start": "00:05:30", "end": "00:05:33", "text": "that's why I'm bringing this up. If"}, {"start": "00:05:31", "end": "00:05:36", "text": "Ethereum starts falling, not even into"}, {"start": "00:05:33", "end": "00:05:40", "text": "the the this Fibonacci support down to"}, {"start": "00:05:36", "end": "00:05:42", "text": "like 2400 or so, but even below that, I"}, {"start": "00:05:40", "end": "00:05:44", "text": "just think it's a prime time to start"}, {"start": "00:05:42", "end": "00:05:48", "text": "accumulating altcoins or continue"}, {"start": "00:05:44", "end": "00:05:50", "text": "accumulating altcoins, I should say. And"}, {"start": "00:05:48", "end": "00:05:52", "text": "with that being said, especially when"}, {"start": "00:05:50", "end": "00:05:54", "text": "I'm saying things like this is normal"}, {"start": "00:05:52", "end": "00:05:56", "text": "for crypto in bull markets, it's cryp"}, {"start": "00:05:54", "end": "00:05:59", "text": "it's normal. If we're looking at this"}, {"start": "00:05:56", "end": "00:06:01", "text": "alone, put aside bull or bare market,"}, {"start": "00:05:59", "end": "00:06:03", "text": "we've had just very clear, clean"}, {"start": "00:06:01", "end": "00:06:05", "text": "structure on this Ethereum chart. just"}, {"start": "00:06:03", "end": "00:06:07", "text": "been talking about this for some time"}, {"start": "00:06:05", "end": "00:06:09", "text": "now. This potential inverse head and"}, {"start": "00:06:07", "end": "00:06:11", "text": "shoulders, this neckline, potential"}, {"start": "00:06:09", "end": "00:06:13", "text": "neckline, I should say, because we still"}, {"start": "00:06:11", "end": "00:06:16", "text": "need it to confirm. But coming back down"}, {"start": "00:06:13", "end": "00:06:19", "text": "into a higher low, whether it's a very"}, {"start": "00:06:16", "end": "00:06:21", "text": "shallow right shoulder to the Fibonacci,"}, {"start": "00:06:19", "end": "00:06:23", "text": "boom, that would be incredibly bullish."}, {"start": "00:06:21", "end": "00:06:25", "text": "Whether it's a really deep right"}, {"start": "00:06:23", "end": "00:06:27", "text": "shoulder all the way down to this like"}, {"start": "00:06:25", "end": "00:06:30", "text": "higher low range, there's a 200 day"}, {"start": "00:06:27", "end": "00:06:32", "text": "moving average down here, $2,100."}, {"start": "00:06:30", "end": "00:06:34", "text": "Maybe it's even a Fibonacci, right? So,"}, {"start": "00:06:32", "end": "00:06:36", "text": "if I'm actually swing low back here to"}, {"start": "00:06:34", "end": "00:06:38", "text": "swing high, maybe it's a Fibonacci down"}, {"start": "00:06:36", "end": "00:06:40", "text": "to the 618 to 786, right? If we're"}, {"start": "00:06:38", "end": "00:06:43", "text": "looking at this range, maybe it's a"}, {"start": "00:06:40", "end": "00:06:46", "text": "higher low down here down to 1,700,"}, {"start": "00:06:43", "end": "00:06:48", "text": "right? A very probably ugly right"}, {"start": "00:06:46", "end": "00:06:50", "text": "shoulder, but it's just all in play for"}, {"start": "00:06:48", "end": "00:06:53", "text": "a right shoulder. So, technically, bull"}, {"start": "00:06:50", "end": "00:06:55", "text": "or bare market, doesn't matter. This is"}, {"start": "00:06:53", "end": "00:06:56", "text": "just a setup that's in play. I don't"}, {"start": "00:06:55", "end": "00:06:59", "text": "know how a right shoulder would form"}, {"start": "00:06:56", "end": "00:07:01", "text": "like that, very shallow like this, but"}, {"start": "00:06:59", "end": "00:07:03", "text": "it's something I'm tracking. And the"}, {"start": "00:07:01", "end": "00:07:07", "text": "price action of this is my point is just"}, {"start": "00:07:03", "end": "00:07:08", "text": "normal. So as we see this grappling of"}, {"start": "00:07:07", "end": "00:07:09", "text": "the bulls and the bears and this is what"}, {"start": "00:07:08", "end": "00:07:11", "text": "it looks like on an inverse of"}, {"start": "00:07:09", "end": "00:07:14", "text": "shoulders. It's like the bears coming"}, {"start": "00:07:11", "end": "00:07:16", "text": "coming in right here. The bulls bringing"}, {"start": "00:07:14", "end": "00:07:18", "text": "it back up to a resistance area. The"}, {"start": "00:07:16", "end": "00:07:20", "text": "bears coming in stronger to put in a"}, {"start": "00:07:18", "end": "00:07:22", "text": "lower low. The bulls step back in bring"}, {"start": "00:07:20", "end": "00:07:24", "text": "it right back to the resistance area."}, {"start": "00:07:22", "end": "00:07:26", "text": "The bear is doing one last try. And"}, {"start": "00:07:24", "end": "00:07:28", "text": "that's what's happening right now. This"}, {"start": "00:07:26", "end": "00:07:30", "text": "is a typical story of structure for"}, {"start": "00:07:28", "end": "00:07:32", "text": "crypto right now. It is happening across"}, {"start": "00:07:30", "end": "00:07:33", "text": "all of these charts. And right now, it's"}, {"start": "00:07:32", "end": "00:07:35", "text": "a grappling of the bulls versus the"}, {"start": "00:07:33", "end": "00:07:37", "text": "bears. Bull or bare market, doesn't"}, {"start": "00:07:35", "end": "00:07:39", "text": "matter. We just have to monitor the"}, {"start": "00:07:37", "end": "00:07:40", "text": "price action on these short-term charts."}, {"start": "00:07:39", "end": "00:07:42", "text": "And that's why I'm covering the short"}, {"start": "00:07:40", "end": "00:07:43", "text": "term. But I want to step out of that for"}, {"start": "00:07:42", "end": "00:07:45", "text": "a moment and look at the zoomed out. And"}, {"start": "00:07:43", "end": "00:07:49", "text": "I want to look at actually I want to"}, {"start": "00:07:45", "end": "00:07:51", "text": "look at Cardano, XRP, and even Ethereum."}, {"start": "00:07:49", "end": "00:07:53", "text": "Right? We can look at Ethereum on the"}, {"start": "00:07:51", "end": "00:07:55", "text": "weekly chart. It's just this thought of"}, {"start": "00:07:53", "end": "00:07:57", "text": "what's happening right now. You see this"}, {"start": "00:07:55", "end": "00:08:00", "text": "20week moving average."}, {"start": "00:07:57", "end": "00:08:02", "text": "Look at this 20week moving average. It's"}, {"start": "00:08:00", "end": "00:08:05", "text": "not even on Ethereum at least. It's not"}, {"start": "00:08:02", "end": "00:08:06", "text": "even at the 50week moving average. It's"}, {"start": "00:08:05", "end": "00:08:08", "text": "that move that I want to discuss with"}, {"start": "00:08:06", "end": "00:08:12", "text": "you. And this is where the altcoin"}, {"start": "00:08:08", "end": "00:08:13", "text": "charts are becoming so so pretty. And so"}, {"start": "00:08:12", "end": "00:08:15", "text": "if we look at this move and what it"}, {"start": "00:08:13", "end": "00:08:18", "text": "means for something like Ethereum for"}, {"start": "00:08:15", "end": "00:08:21", "text": "instance, you can see yeah out of this"}, {"start": "00:08:18", "end": "00:08:24", "text": "bottom the 20 above the 50 very bullish"}, {"start": "00:08:21", "end": "00:08:26", "text": "obviously on the macro. But it's the"}, {"start": "00:08:24", "end": "00:08:28", "text": "point of where we are in the cycle that"}, {"start": "00:08:26", "end": "00:08:31", "text": "this is happening because it's not right"}, {"start": "00:08:28", "end": "00:08:33", "text": "here. It's most certainly not right here"}, {"start": "00:08:31", "end": "00:08:36", "text": "within the middle middle of quantitative"}, {"start": "00:08:33", "end": "00:08:39", "text": "tightening, right? Within the middle of"}, {"start": "00:08:36", "end": "00:08:41", "text": "if we go to our business cycle index and"}, {"start": "00:08:39", "end": "00:08:43", "text": "we bring up contraction on this on this"}, {"start": "00:08:41", "end": "00:08:46", "text": "chart, right? Literally within the"}, {"start": "00:08:43", "end": "00:08:48", "text": "middle of contraction. It's it's not any"}, {"start": "00:08:46", "end": "00:08:50", "text": "type of indicator that's happening in in"}, {"start": "00:08:48", "end": "00:08:52", "text": "this."}, {"start": "00:08:50", "end": "00:08:55", "text": "It's an indicator that's happening like"}, {"start": "00:08:52", "end": "00:08:57", "text": "at the pivot into expansion like this"}, {"start": "00:08:55", "end": "00:08:59", "text": "last cycle. That's where we are right"}, {"start": "00:08:57", "end": "00:09:01", "text": "now. That's why this is becoming"}, {"start": "00:08:59", "end": "00:09:03", "text": "meaningful. So when I'm looking at this"}, {"start": "00:09:01", "end": "00:09:06", "text": "weekly chart in Ethereum,"}, {"start": "00:09:03", "end": "00:09:09", "text": "this is most similar to the 20we making"}, {"start": "00:09:06", "end": "00:09:11", "text": "its way above the 50we all the way back"}, {"start": "00:09:09", "end": "00:09:15", "text": "here. And you see the shift. There's a"}, {"start": "00:09:11", "end": "00:09:17", "text": "20 boom above the 50. So I want to"}, {"start": "00:09:15", "end": "00:09:18", "text": "illustrate this especially on Cordono"}, {"start": "00:09:17", "end": "00:09:20", "text": "right now because there's something I"}, {"start": "00:09:18", "end": "00:09:22", "text": "want to discuss with you and I'm not"}, {"start": "00:09:20", "end": "00:09:23", "text": "going to make a big deal of it but"}, {"start": "00:09:22", "end": "00:09:26", "text": "within this analysis I just want to make"}, {"start": "00:09:23", "end": "00:09:28", "text": "mention of it. Yes, there's a similarity"}, {"start": "00:09:26", "end": "00:09:33", "text": "from a macroeconomic perspective. Here"}, {"start": "00:09:28", "end": "00:09:36", "text": "is the um this is the PMI chart ISM PMI"}, {"start": "00:09:33", "end": "00:09:38", "text": "right business cycle. We went into"}, {"start": "00:09:36", "end": "00:09:42", "text": "contraction into the bare market all of"}, {"start": "00:09:38", "end": "00:09:44", "text": "the quantitative tightening here. Yes,"}, {"start": "00:09:42", "end": "00:09:45", "text": "QT ended right here in December. We went"}, {"start": "00:09:44", "end": "00:09:48", "text": "into the postquantitative tightening dip"}, {"start": "00:09:45", "end": "00:09:49", "text": "for Cardano. This is all exactly what"}, {"start": "00:09:48", "end": "00:09:51", "text": "happened last cycle. Here's the"}, {"start": "00:09:49", "end": "00:09:53", "text": "postquantitative tightening dip for"}, {"start": "00:09:51", "end": "00:09:57", "text": "Cardano then because QT ended the end of"}, {"start": "00:09:53", "end": "00:09:59", "text": "July 2019 then. All of it similar. Even"}, {"start": "00:09:57", "end": "00:10:01", "text": "the shift into uh from contraction to"}, {"start": "00:09:59", "end": "00:10:04", "text": "expansion of the business cycle. I know"}, {"start": "00:10:01", "end": "00:10:08", "text": "I'm I repeat this a lot, but here's what"}, {"start": "00:10:04", "end": "00:10:09", "text": "I want to mention to you."}, {"start": "00:10:08", "end": "00:10:13", "text": "We'll talk about the 20week, right?"}, {"start": "00:10:09", "end": "00:10:16", "text": "Here's the 20we. Here's the 50we. We are"}, {"start": "00:10:13", "end": "00:10:18", "text": "literally like look at this 50WE 20"}, {"start": "00:10:16", "end": "00:10:20", "text": "week. We are in this moment"}, {"start": "00:10:18", "end": "00:10:23", "text": "postquantitative tightening dip between"}, {"start": "00:10:20", "end": "00:10:25", "text": "the 20 and the 50 like just making a"}, {"start": "00:10:23", "end": "00:10:27", "text": "move right now. We're waiting for the 20"}, {"start": "00:10:25", "end": "00:10:29", "text": "to pop above the 50. That's what we're"}, {"start": "00:10:27", "end": "00:10:30", "text": "waiting for. That's what's in store for"}, {"start": "00:10:29", "end": "00:10:32", "text": "all coins right now. We are at the"}, {"start": "00:10:30", "end": "00:10:35", "text": "beginning of a cycle shift into a bull"}, {"start": "00:10:32", "end": "00:10:36", "text": "market. But here's the caution and I"}, {"start": "00:10:35", "end": "00:10:40", "text": "just can't stop thinking about it right"}, {"start": "00:10:36", "end": "00:10:42", "text": "now. It is this. If you look at the"}, {"start": "00:10:40", "end": "00:10:45", "text": "similarities of macroeconomics, QT"}, {"start": "00:10:42", "end": "00:10:47", "text": "business cycle shift into expansion. You"}, {"start": "00:10:45", "end": "00:10:50", "text": "look at the similarities of even the"}, {"start": "00:10:47", "end": "00:10:53", "text": "50week moving average. Literally look at"}, {"start": "00:10:50", "end": "00:10:55", "text": "Cardano topping out right here. Do you"}, {"start": "00:10:53", "end": "00:10:57", "text": "know what that was in February 2020?"}, {"start": "00:10:55", "end": "00:10:59", "text": "That was literally we're we're getting"}, {"start": "00:10:57", "end": "00:11:02", "text": "ready to go into expansion. You can even"}, {"start": "00:10:59", "end": "00:11:04", "text": "see it on the business cycle, right? Uh"}, {"start": "00:11:02", "end": "00:11:07", "text": "on the business cycle index. It's just"}, {"start": "00:11:04", "end": "00:11:11", "text": "popping up right there. What happened"}, {"start": "00:11:07", "end": "00:11:14", "text": "here? Black swan event."}, {"start": "00:11:11", "end": "00:11:16", "text": "Black swan event at this exact moment"}, {"start": "00:11:14", "end": "00:11:18", "text": "last cycle."}, {"start": "00:11:16", "end": "00:11:21", "text": "Cardano just breaking above the 50week"}, {"start": "00:11:18", "end": "00:11:23", "text": "moving average and all the all of a"}, {"start": "00:11:21", "end": "00:11:26", "text": "sudden just completely reset on the"}, {"start": "00:11:23", "end": "00:11:28", "text": "chart. I am not suggesting we're getting"}, {"start": "00:11:26", "end": "00:11:33", "text": "a black swan event, but there is a"}, {"start": "00:11:28", "end": "00:11:35", "text": "certain black swan event trending right"}, {"start": "00:11:33", "end": "00:11:36", "text": "now. I don't know if you see it on X."}, {"start": "00:11:35", "end": "00:11:37", "text": "I'm not even going to get into the"}, {"start": "00:11:36", "end": "00:11:39", "text": "details of it because I don't want to"}, {"start": "00:11:37", "end": "00:11:42", "text": "start just I don't want to just start"}, {"start": "00:11:39", "end": "00:11:44", "text": "speculating too much. But it's just it's"}, {"start": "00:11:42", "end": "00:11:47", "text": "something I've been thinking about and"}, {"start": "00:11:44", "end": "00:11:50", "text": "just talking about with like my wife."}, {"start": "00:11:47", "end": "00:11:53", "text": "It's just absolutely incredible that at"}, {"start": "00:11:50", "end": "00:11:56", "text": "this exact macro"}, {"start": "00:11:53", "end": "00:11:57", "text": "shift out of quantitative tightening and"}, {"start": "00:11:56", "end": "00:12:00", "text": "we're going into business cycle"}, {"start": "00:11:57", "end": "00:12:03", "text": "expansion, we're getting this almost"}, {"start": "00:12:00", "end": "00:12:05", "text": "identical headline news. And I I hope"}, {"start": "00:12:03", "end": "00:12:07", "text": "and pray it doesn't turn into anything,"}, {"start": "00:12:05", "end": "00:12:09", "text": "right? Not for even not for the benefit"}, {"start": "00:12:07", "end": "00:12:12", "text": "of charts and crypto, but just in"}, {"start": "00:12:09", "end": "00:12:15", "text": "general for the world."}, {"start": "00:12:12", "end": "00:12:16", "text": "But look at this. We're getting right"}, {"start": "00:12:15", "end": "00:12:19", "text": "now at this moment just at the 50week"}, {"start": "00:12:16", "end": "00:12:22", "text": "moving average this this event. And this"}, {"start": "00:12:19", "end": "00:12:24", "text": "I think we'll know in a even a days or a"}, {"start": "00:12:22", "end": "00:12:26", "text": "couple weeks what's going on. Is this"}, {"start": "00:12:24", "end": "00:12:29", "text": "going to turn into something or not? But"}, {"start": "00:12:26", "end": "00:12:32", "text": "a very interesting just"}, {"start": "00:12:29", "end": "00:12:34", "text": "event that is transpiring right now."}, {"start": "00:12:32", "end": "00:12:37", "text": "With that being said, I step back from"}, {"start": "00:12:34", "end": "00:12:39", "text": "that from that speculation and that"}, {"start": "00:12:37", "end": "00:12:42", "text": "similarity and this is just what excites"}, {"start": "00:12:39", "end": "00:12:46", "text": "me about these charts. We are at the the"}, {"start": "00:12:42", "end": "00:12:48", "text": "cycle shift, right? We are out of QT."}, {"start": "00:12:46", "end": "00:12:49", "text": "There is this moment for crypto of a new"}, {"start": "00:12:48", "end": "00:12:51", "text": "era in terms of, you know,"}, {"start": "00:12:49", "end": "00:12:53", "text": "institutionalization of crypto and all"}, {"start": "00:12:51", "end": "00:12:56", "text": "these things going on. And right now the"}, {"start": "00:12:53", "end": "00:12:59", "text": "20we is just rounding out. Here's the"}, {"start": "00:12:56", "end": "00:13:02", "text": "50we and we need to allow time for it."}, {"start": "00:12:59", "end": "00:13:05", "text": "But we're in an incredible macro pre-"}, {"start": "00:13:02", "end": "00:13:07", "text": "macro bull era on the Cardano chart."}, {"start": "00:13:05", "end": "00:13:10", "text": "It's it's one that we haven't seen since"}, {"start": "00:13:07", "end": "00:13:11", "text": "almost an identical setup right here."}, {"start": "00:13:10", "end": "00:13:12", "text": "Postquantitative tightening and"}, {"start": "00:13:11", "end": "00:13:14", "text": "postquantitative tightening"}, {"start": "00:13:12", "end": "00:13:16", "text": "normalization. And if you go look at"}, {"start": "00:13:14", "end": "00:13:17", "text": "something like XRP, and I'm using these"}, {"start": "00:13:16", "end": "00:13:19", "text": "OG charts especially because there's a"}, {"start": "00:13:17", "end": "00:13:22", "text": "lot of data on these charts. It's"}, {"start": "00:13:19", "end": "00:13:26", "text": "exactly the same thing for XRP, right?"}, {"start": "00:13:22", "end": "00:13:28", "text": "Post QT, we're at the post QT dip."}, {"start": "00:13:26", "end": "00:13:30", "text": "Here's that February 2020 moment. You"}, {"start": "00:13:28", "end": "00:13:32", "text": "know, XRP is turning around and then"}, {"start": "00:13:30", "end": "00:13:34", "text": "boom, it gets smacked down. Here's the"}, {"start": "00:13:32", "end": "00:13:37", "text": "cycle shift of the business cycle. All"}, {"start": "00:13:34", "end": "00:13:40", "text": "of this is playing out right now. And"}, {"start": "00:13:37", "end": "00:13:42", "text": "what's exciting is if you think about in"}, {"start": "00:13:40", "end": "00:13:44", "text": "in light of something like XRP, this"}, {"start": "00:13:42", "end": "00:13:46", "text": "chart does a very good job of of"}, {"start": "00:13:44", "end": "00:13:47", "text": "visualizing something for us. And that"}, {"start": "00:13:46", "end": "00:13:50", "text": "is"}, {"start": "00:13:47", "end": "00:13:52", "text": "all of this happening. Yeah, it was, you"}, {"start": "00:13:50", "end": "00:13:55", "text": "know, it happened. The setup was there"}, {"start": "00:13:52", "end": "00:13:57", "text": "for XRP to go higher. But please"}, {"start": "00:13:55", "end": "00:14:01", "text": "remember,"}, {"start": "00:13:57", "end": "00:14:04", "text": "we were in this era of crypto that is"}, {"start": "00:14:01", "end": "00:14:07", "text": "just opposite in every way of where we"}, {"start": "00:14:04", "end": "00:14:09", "text": "are right now. I have the SEC SEC right"}, {"start": "00:14:07", "end": "00:14:12", "text": "here in the middle like really at the"}, {"start": "00:14:09", "end": "00:14:14", "text": "start of the bull market went after XRP."}, {"start": "00:14:12", "end": "00:14:17", "text": "XRP just got absolutely attacked last"}, {"start": "00:14:14", "end": "00:14:21", "text": "cycle. XRP still has not had a bull"}, {"start": "00:14:17", "end": "00:14:24", "text": "cycle, a proper bull cycle since 2017"}, {"start": "00:14:21", "end": "00:14:26", "text": "basically because of what SEC did last"}, {"start": "00:14:24", "end": "00:14:29", "text": "cycle. And we are at this moment once"}, {"start": "00:14:26", "end": "00:14:31", "text": "again postQT cycle shift into expansion"}, {"start": "00:14:29", "end": "00:14:33", "text": "for XRP. And it's a very nice"}, {"start": "00:14:31", "end": "00:14:36", "text": "visualization of where we are for crypto"}, {"start": "00:14:33", "end": "00:14:39", "text": "because after just like five years of"}, {"start": "00:14:36", "end": "00:14:42", "text": "sideways and consolidation and wondering"}, {"start": "00:14:39", "end": "00:14:44", "text": "we're at this moment literally right now"}, {"start": "00:14:42", "end": "00:14:47", "text": "and you can see it the 20we down here"}, {"start": "00:14:44", "end": "00:14:50", "text": "the 200 is very confluent with that 20we"}, {"start": "00:14:47", "end": "00:14:52", "text": "here's the 50we on XRP and we are at"}, {"start": "00:14:50", "end": "00:14:54", "text": "this moment right now everybody so"}, {"start": "00:14:52", "end": "00:14:56", "text": "there's going to be red candles all over"}, {"start": "00:14:54", "end": "00:14:58", "text": "the place in a bull or bare market but"}, {"start": "00:14:56", "end": "00:15:01", "text": "right now what's so important for me is"}, {"start": "00:14:58", "end": "00:15:03", "text": "to is to focus on the shift that is"}, {"start": "00:15:01", "end": "00:15:05", "text": "happening from a macroeconomic"}, {"start": "00:15:03", "end": "00:15:07", "text": "perspective and just try and navigate"}, {"start": "00:15:05", "end": "00:15:09", "text": "through all the short-term things that"}, {"start": "00:15:07", "end": "00:15:11", "text": "are going on because they are happening"}, {"start": "00:15:09", "end": "00:15:13", "text": "and it's going to lead to volatility."}, {"start": "00:15:11", "end": "00:15:15", "text": "And put aside short-term things that are"}, {"start": "00:15:13", "end": "00:15:16", "text": "going to lead to volatility. Just bring"}, {"start": "00:15:15", "end": "00:15:18", "text": "up any crypto chart. They're just"}, {"start": "00:15:16", "end": "00:15:20", "text": "volatile in general. As we get structure"}, {"start": "00:15:18", "end": "00:15:24", "text": "and setups and all these things, we have"}, {"start": "00:15:20", "end": "00:15:27", "text": "to be patient. We have to not like get"}, {"start": "00:15:24", "end": "00:15:30", "text": "so wrapped up in the emotion of price"}, {"start": "00:15:27", "end": "00:15:33", "text": "action and just remember the zoomed out."}, {"start": "00:15:30", "end": "00:15:35", "text": "With that being said, everybody,"}, {"start": "00:15:33", "end": "00:15:37", "text": "if you still are out there and you're"}, {"start": "00:15:35", "end": "00:15:39", "text": "thinking of accumulating crypto before a"}, {"start": "00:15:37", "end": "00:15:41", "text": "bull market, the window really is still"}, {"start": "00:15:39", "end": "00:15:43", "text": "kind of open. It's I keep saying that,"}, {"start": "00:15:41", "end": "00:15:44", "text": "but it just kind of is. So, I wanted to"}, {"start": "00:15:43", "end": "00:15:46", "text": "kind of exemplify that for you,"}, {"start": "00:15:44", "end": "00:15:48", "text": "visualize that with you in Coinbase."}, {"start": "00:15:46", "end": "00:15:50", "text": "Again, if you don't have a Coinbase"}, {"start": "00:15:48", "end": "00:15:51", "text": "account, there's incredible rewards you"}, {"start": "00:15:50", "end": "00:15:53", "text": "can activate by activating your rewards"}, {"start": "00:15:51", "end": "00:15:54", "text": "through my link below. And if you do"}, {"start": "00:15:53", "end": "00:15:56", "text": "have a Coinbase account and you're just"}, {"start": "00:15:54", "end": "00:15:59", "text": "out there trading, accumulating, playing"}, {"start": "00:15:56", "end": "00:16:01", "text": "cycles, whatever, use my link below."}, {"start": "00:15:59", "end": "00:16:02", "text": "It'll kind of take you through the sign"}, {"start": "00:16:01", "end": "00:16:05", "text": "up process, but you already just have to"}, {"start": "00:16:02", "end": "00:16:07", "text": "sign in and you'll be under me where you"}, {"start": "00:16:05", "end": "00:16:10", "text": "can save uh 80% on spot fees in"}, {"start": "00:16:07", "end": "00:16:11", "text": "Coinbase. So, um, click the link below."}, {"start": "00:16:10", "end": "00:16:13", "text": "I appreciate Coinbase for sponsoring"}, {"start": "00:16:11", "end": "00:16:14", "text": "this video. Appreciate you for watching."}, {"start": "00:16:13", "end": "00:16:16", "text": "If you're not a subscriber, please"}, {"start": "00:16:14", "end": "00:16:17", "text": "subscribe. Turn notifications on. and"}, {"start": "00:16:16", "end": "00:16:20", "text": "I'll see you in the next video. God"}, {"start": "00:16:17", "end": "00:16:20", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "When some cold card wallets got"}, {"start": "00:00:01", "end": "00:00:05", "text": "exploited earlier this year, it was a"}, {"start": "00:00:03", "end": "00:00:08", "text": "massive blow for the users who lost"}, {"start": "00:00:05", "end": "00:00:11", "text": "their Bitcoin, but it was also a big hit"}, {"start": "00:00:08", "end": "00:00:13", "text": "at the philosophy of self-custody."}, {"start": "00:00:11", "end": "00:00:15", "text": "These were people who had bought a"}, {"start": "00:00:13", "end": "00:00:18", "text": "hardware wallet, kept their seed phrases"}, {"start": "00:00:15", "end": "00:00:21", "text": "safe, and avoided the usual scams. Yet,"}, {"start": "00:00:18", "end": "00:00:24", "text": "their BTC still disappeared because of a"}, {"start": "00:00:21", "end": "00:00:26", "text": "vulnerability they had no realistic way"}, {"start": "00:00:24", "end": "00:00:29", "text": "of spotting. And this raises a critical"}, {"start": "00:00:26", "end": "00:00:31", "text": "question. With Bitcoin trading at the"}, {"start": "00:00:29", "end": "00:00:33", "text": "prices that are currently and"}, {"start": "00:00:31", "end": "00:00:35", "text": "potentially heading back towards six"}, {"start": "00:00:33", "end": "00:00:38", "text": "figures in the not so distant future,"}, {"start": "00:00:35", "end": "00:00:40", "text": "does it still make sense"}, {"start": "00:00:38", "end": "00:00:42", "text": "to be your own bank? And what are the"}, {"start": "00:00:40", "end": "00:00:44", "text": "alternatives anyway? By the way, just to"}, {"start": "00:00:42", "end": "00:00:46", "text": "be clear, I've held Bitcoin for a long"}, {"start": "00:00:44", "end": "00:00:48", "text": "time. I respect the culture of"}, {"start": "00:00:46", "end": "00:00:51", "text": "self-custody. Taking full responsibility"}, {"start": "00:00:48", "end": "00:00:53", "text": "for your stacks 100% a valid choice. And"}, {"start": "00:00:51", "end": "00:00:56", "text": "I keep a lot of my Bitcoin in"}, {"start": "00:00:53", "end": "00:00:57", "text": "self-custody. But, I'm also a Xapo Bank"}, {"start": "00:00:56", "end": "00:00:59", "text": "member. And right now, there's another"}, {"start": "00:00:57", "end": "00:01:02", "text": "reason besides security that I think"}, {"start": "00:00:59", "end": "00:01:04", "text": "Xapo is worth looking at. As eligible"}, {"start": "00:01:02", "end": "00:01:07", "text": "new members can now earn 4.6%"}, {"start": "00:01:04", "end": "00:01:10", "text": "APY for an initial period on USD with"}, {"start": "00:01:07", "end": "00:01:12", "text": "the interest paid out daily in Bitcoin."}, {"start": "00:01:10", "end": "00:01:14", "text": "Yes, in Bitcoin. We'll get deeper into"}, {"start": "00:01:12", "end": "00:01:15", "text": "the details of that in just a moment. Of"}, {"start": "00:01:14", "end": "00:01:18", "text": "course, thanks to Xapo for sponsoring"}, {"start": "00:01:15", "end": "00:01:20", "text": "this video. But first, let's recap what"}, {"start": "00:01:18", "end": "00:01:23", "text": "happened at the Coldcard"}, {"start": "00:01:20", "end": "00:01:26", "text": "hack situation. You see, Coldcard was a"}, {"start": "00:01:23", "end": "00:01:28", "text": "Bitcoin-only hardware wallet. And the"}, {"start": "00:01:26", "end": "00:01:31", "text": "weaknesses leading to the exploit were"}, {"start": "00:01:28", "end": "00:01:34", "text": "hidden in the seed generation process on"}, {"start": "00:01:31", "end": "00:01:36", "text": "certain devices. A firmware change"}, {"start": "00:01:34", "end": "00:01:38", "text": "introduced in 2021 caused some wallets"}, {"start": "00:01:36", "end": "00:01:41", "text": "to generate seed phrases from a narrower"}, {"start": "00:01:38", "end": "00:01:42", "text": "than usual range of possibilities, which"}, {"start": "00:01:41", "end": "00:01:45", "text": "meant attackers could eventually"}, {"start": "00:01:42", "end": "00:01:48", "text": "compromise the security process. Not"}, {"start": "00:01:45", "end": "00:01:52", "text": "great. On July 30th, an initial wave"}, {"start": "00:01:48", "end": "00:01:55", "text": "swept more than 1,000 BTC from 1,200"}, {"start": "00:01:52", "end": "00:01:57", "text": "addresses, all in around 40 minutes."}, {"start": "00:01:55", "end": "00:02:01", "text": "Galaxy Research subsequently put losses"}, {"start": "00:01:57", "end": "00:02:03", "text": "at around $130 million. Devices didn't"}, {"start": "00:02:01", "end": "00:02:05", "text": "need to be online or physically"}, {"start": "00:02:03", "end": "00:02:07", "text": "compromised either as the flaw was"}, {"start": "00:02:05", "end": "00:02:09", "text": "already there undetected and waiting to"}, {"start": "00:02:07", "end": "00:02:11", "text": "be exploited. Coldcard has since"}, {"start": "00:02:09", "end": "00:02:14", "text": "released updated firmware but the"}, {"start": "00:02:11", "end": "00:02:16", "text": "episode is a brutal reminder that"}, {"start": "00:02:14", "end": "00:02:18", "text": "self-custody can fail in a lot of ways"}, {"start": "00:02:16", "end": "00:02:20", "text": "that have nothing to do with even the"}, {"start": "00:02:18", "end": "00:02:24", "text": "holder being careless. This all relates"}, {"start": "00:02:20", "end": "00:02:26", "text": "in part to why I use Xapo Bank. Look, I"}, {"start": "00:02:24", "end": "00:02:29", "text": "don't suddenly think everybody should"}, {"start": "00:02:26", "end": "00:02:30", "text": "stop doing self-custody altogether."}, {"start": "00:02:29", "end": "00:02:33", "text": "But I think there's a pretty strong case"}, {"start": "00:02:30", "end": "00:02:34", "text": "for sometimes using professional custody"}, {"start": "00:02:33", "end": "00:02:37", "text": "services for at least part of your"}, {"start": "00:02:34", "end": "00:02:39", "text": "coins. And that's especially true if the"}, {"start": "00:02:37", "end": "00:02:41", "text": "Bitcoin you're holding starts to"}, {"start": "00:02:39", "end": "00:02:44", "text": "represent serious wealth. So whether"}, {"start": "00:02:41", "end": "00:02:46", "text": "it's a cold card hack or a $5 wrench"}, {"start": "00:02:44", "end": "00:02:49", "text": "attack, these are real threats and real"}, {"start": "00:02:46", "end": "00:02:50", "text": "issues for self-custody. A situation"}, {"start": "00:02:49", "end": "00:02:52", "text": "relevant to a growing number of people"}, {"start": "00:02:50", "end": "00:02:54", "text": "over the years of the value of BTC has"}, {"start": "00:02:52", "end": "00:02:56", "text": "soared as I have a lot of wealth sitting"}, {"start": "00:02:54", "end": "00:02:58", "text": "at home. What do I do with it? Is it"}, {"start": "00:02:56", "end": "00:03:01", "text": "safe? Security is one reason to use"}, {"start": "00:02:58", "end": "00:03:03", "text": "Xapo. It has split key MPC technology,"}, {"start": "00:03:01", "end": "00:03:05", "text": "physical bunkers protected by armed"}, {"start": "00:03:03", "end": "00:03:07", "text": "guards, and there's an optional vault"}, {"start": "00:03:05", "end": "00:03:09", "text": "with hardware keys and a 48-hour"}, {"start": "00:03:07", "end": "00:03:12", "text": "withdrawal delay. Plus Bitcoin in"}, {"start": "00:03:09", "end": "00:03:14", "text": "standard custody is segregated, held one"}, {"start": "00:03:12", "end": "00:03:17", "text": "to one, and not rehypothecated. And Xapo"}, {"start": "00:03:14", "end": "00:03:20", "text": "has operated since 2013 without losing"}, {"start": "00:03:17", "end": "00:03:21", "text": "any client funds to security incidents."}, {"start": "00:03:20", "end": "00:03:23", "text": "But security is only part of the appeal"}, {"start": "00:03:21", "end": "00:03:26", "text": "because Xapo is not only about custody,"}, {"start": "00:03:23", "end": "00:03:28", "text": "it's a Bitcoin native bank, which is"}, {"start": "00:03:26", "end": "00:03:32", "text": "very interesting. And what looks very"}, {"start": "00:03:28", "end": "00:03:34", "text": "juicy right now is its new USD savings"}, {"start": "00:03:32", "end": "00:03:37", "text": "offer. The TLDR on this, eligible new"}, {"start": "00:03:34", "end": "00:03:40", "text": "members can earn 4.6% APY and up to"}, {"start": "00:03:37", "end": "00:03:42", "text": "$100,000 placed in the USD savings"}, {"start": "00:03:40", "end": "00:03:44", "text": "product. This rate continues for the"}, {"start": "00:03:42", "end": "00:03:46", "text": "first 90 days after signing up after"}, {"start": "00:03:44", "end": "00:03:47", "text": "which the balance moves on to Xapo's"}, {"start": "00:03:46", "end": "00:03:50", "text": "standard variable rate, which is"}, {"start": "00:03:47", "end": "00:03:51", "text": "currently 4.1%, which is still very"}, {"start": "00:03:50", "end": "00:03:53", "text": "nice."}, {"start": "00:03:51", "end": "00:03:55", "text": "And for Bitcoiners, how you get paid is"}, {"start": "00:03:53", "end": "00:03:57", "text": "compelling, too, because your savings"}, {"start": "00:03:55", "end": "00:04:00", "text": "stay in dollars, but the interest is"}, {"start": "00:03:57", "end": "00:04:02", "text": "paid out daily in BTC. So, if one to"}, {"start": "00:04:00", "end": "00:04:03", "text": "keep some cash on the sidelines, maybe"}, {"start": "00:04:02", "end": "00:04:05", "text": "as dry powder, maybe just because you"}, {"start": "00:04:03", "end": "00:04:07", "text": "don't want every single dollar exposed"}, {"start": "00:04:05", "end": "00:04:08", "text": "to BTC volatility, maybe because you're"}, {"start": "00:04:07", "end": "00:04:09", "text": "planning to buy something in the future,"}, {"start": "00:04:08", "end": "00:04:11", "text": "but you want to put your money to work"}, {"start": "00:04:09", "end": "00:04:12", "text": "while you wait. Well, that money can"}, {"start": "00:04:11", "end": "00:04:15", "text": "still contribute to your Bitcoin"}, {"start": "00:04:12", "end": "00:04:17", "text": "position. Put the cash in Zapo, let it"}, {"start": "00:04:15", "end": "00:04:20", "text": "earn BTC. It's almost like an automatic"}, {"start": "00:04:17", "end": "00:04:22", "text": "DCA machine taking place in the"}, {"start": "00:04:20", "end": "00:04:25", "text": "background using yield from your cash"}, {"start": "00:04:22", "end": "00:04:27", "text": "position. Very nice. There's only a $20"}, {"start": "00:04:25", "end": "00:04:29", "text": "minimum investment to start earning in"}, {"start": "00:04:27", "end": "00:04:31", "text": "USD savings. You retain instant access"}, {"start": "00:04:29", "end": "00:04:33", "text": "to the money, and if you deposit USDC or"}, {"start": "00:04:31", "end": "00:04:36", "text": "USDT, Zapo automatically converts it"}, {"start": "00:04:33", "end": "00:04:37", "text": "into USD so that it can earn. USD"}, {"start": "00:04:36", "end": "00:04:40", "text": "deposits are covered by the Gibraltar"}, {"start": "00:04:37", "end": "00:04:42", "text": "deposit guarantee scheme. That goes up"}, {"start": "00:04:40", "end": "00:04:45", "text": "to 120,000"}, {"start": "00:04:42", "end": "00:04:46", "text": "British pounds, which is reassuring."}, {"start": "00:04:45", "end": "00:04:48", "text": "But, if you're not planning on holding a"}, {"start": "00:04:46", "end": "00:04:50", "text": "cash position, don't worry because you"}, {"start": "00:04:48", "end": "00:04:54", "text": "can also earn from your Bitcoin. You can"}, {"start": "00:04:50", "end": "00:04:55", "text": "use the separate Byzantine BTC credit"}, {"start": "00:04:54", "end": "00:04:59", "text": "fund, and you'll be getting returns"}, {"start": "00:04:55", "end": "00:05:01", "text": "targeting up to 4% APY on BTC balances,"}, {"start": "00:04:59", "end": "00:05:03", "text": "and those returns can be paid out"}, {"start": "00:05:01", "end": "00:05:05", "text": "monthly in BTC or reinvested for"}, {"start": "00:05:03", "end": "00:05:07", "text": "compounding growth. So, depending on"}, {"start": "00:05:05", "end": "00:05:08", "text": "what you're holding, Zapo gives you ways"}, {"start": "00:05:07", "end": "00:05:11", "text": "to earn Bitcoin from both your USD"}, {"start": "00:05:08", "end": "00:05:13", "text": "balance and your Bitcoin balance. The"}, {"start": "00:05:11", "end": "00:05:16", "text": "BTC credit fund works through lending"}, {"start": "00:05:13", "end": "00:05:17", "text": "BTC using a strict vetting process for"}, {"start": "00:05:16", "end": "00:05:19", "text": "institutional counterparties, and it"}, {"start": "00:05:17", "end": "00:05:21", "text": "enables you to generate yield while"}, {"start": "00:05:19", "end": "00:05:23", "text": "keeping pure Bitcoin exposure. So, to"}, {"start": "00:05:21", "end": "00:05:25", "text": "finish, let's just lay it out, the"}, {"start": "00:05:23", "end": "00:05:28", "text": "membership math."}, {"start": "00:05:25", "end": "00:05:29", "text": "Zapo Bank membership costs $1,000 a"}, {"start": "00:05:28", "end": "00:05:31", "text": "year."}, {"start": "00:05:29", "end": "00:05:35", "text": "So, if a new member puts the full"}, {"start": "00:05:31", "end": "00:05:38", "text": "$100,000 into USD savings, then that"}, {"start": "00:05:35", "end": "00:05:40", "text": "4.6% APY works out to"}, {"start": "00:05:38", "end": "00:05:42", "text": "$1,134"}, {"start": "00:05:40", "end": "00:05:45", "text": "over the initial 90-day period paid in"}, {"start": "00:05:42", "end": "00:05:47", "text": "BTC. Or, in other words, the"}, {"start": "00:05:45", "end": "00:05:50", "text": "introductory period alone guarantees"}, {"start": "00:05:47", "end": "00:05:52", "text": "enough interest to more than cover the"}, {"start": "00:05:50", "end": "00:05:56", "text": "annual membership fee. Everything after"}, {"start": "00:05:52", "end": "00:05:57", "text": "that is pure profit, again, paid in BTC."}, {"start": "00:05:56", "end": "00:06:00", "text": "And if you're believing in the upside of"}, {"start": "00:05:57", "end": "00:06:01", "text": "BTC, then that is a great way to DCA"}, {"start": "00:06:00", "end": "00:06:03", "text": "long-term with dollars that you might"}, {"start": "00:06:01", "end": "00:06:05", "text": "want to use for something else. After"}, {"start": "00:06:03", "end": "00:06:09", "text": "those first 90 days, the balance moves"}, {"start": "00:06:05", "end": "00:06:11", "text": "onto Xapo's standard 4.1% rate, and at"}, {"start": "00:06:09", "end": "00:06:13", "text": "that point, with membership paid, you're"}, {"start": "00:06:11", "end": "00:06:15", "text": "picking up yield in BTC while benefiting"}, {"start": "00:06:13", "end": "00:06:18", "text": "from having a Xapo account and keeping"}, {"start": "00:06:15", "end": "00:06:21", "text": "your BTC and fiat banking requirements"}, {"start": "00:06:18", "end": "00:06:22", "text": "in one place. However, keep in mind here"}, {"start": "00:06:21", "end": "00:06:25", "text": "that there is a deadline on this"}, {"start": "00:06:22", "end": "00:06:27", "text": "introductory offer. The 4.6%"}, {"start": "00:06:25", "end": "00:06:29", "text": "introductory rate is currently available"}, {"start": "00:06:27", "end": "00:06:32", "text": "to new members who sign up"}, {"start": "00:06:29", "end": "00:06:35", "text": "by October 23rd. For the BTC Credit"}, {"start": "00:06:32", "end": "00:06:38", "text": "Fund, the minimum investment is the BTC"}, {"start": "00:06:35", "end": "00:06:40", "text": "equivalent of a $120,000."}, {"start": "00:06:38", "end": "00:06:42", "text": "So, as a working example, if you"}, {"start": "00:06:40", "end": "00:06:45", "text": "invested two BTC, which would be more"}, {"start": "00:06:42", "end": "00:06:48", "text": "than the $120,000 required, the target"}, {"start": "00:06:45", "end": "00:06:50", "text": "returns can potentially be up to 0.092"}, {"start": "00:06:48", "end": "00:06:52", "text": "BTC annually, which covers the"}, {"start": "00:06:50", "end": "00:06:54", "text": "membership cost and pays additional"}, {"start": "00:06:52", "end": "00:06:56", "text": "yield while you're getting secure"}, {"start": "00:06:54", "end": "00:06:58", "text": "custody alongside all of Xapo's banking"}, {"start": "00:06:56", "end": "00:07:01", "text": "and wealth management services. Cuz"}, {"start": "00:06:58", "end": "00:07:02", "text": "again, this is a private bank."}, {"start": "00:07:01", "end": "00:07:04", "text": "There are people there to help you. You"}, {"start": "00:07:02", "end": "00:07:07", "text": "have a personal account manager."}, {"start": "00:07:04", "end": "00:07:08", "text": "Circling back to the Coldcard story,"}, {"start": "00:07:07", "end": "00:07:09", "text": "that kind of security breach is a"}, {"start": "00:07:08", "end": "00:07:11", "text": "reminder that there are multiple ways to"}, {"start": "00:07:09", "end": "00:07:13", "text": "manage a Bitcoin wealth. In the case of"}, {"start": "00:07:11", "end": "00:07:16", "text": "Xapo, signing up for security reasons"}, {"start": "00:07:13", "end": "00:07:18", "text": "also means you can net some solid yields"}, {"start": "00:07:16", "end": "00:07:20", "text": "paid out in BTC. And they even have"}, {"start": "00:07:18", "end": "00:07:22", "text": "inheritance planning, which is pretty"}, {"start": "00:07:20", "end": "00:07:24", "text": "gosh darn cool. Protect your Bitcoin"}, {"start": "00:07:22", "end": "00:07:26", "text": "now, you protect it for your kids. Not"}, {"start": "00:07:24", "end": "00:07:29", "text": "bad. So, click on the link down below to"}, {"start": "00:07:26", "end": "00:07:31", "text": "get started on Xapo today. Take"}, {"start": "00:07:29", "end": "00:07:33", "text": "advantage of this great introductory"}, {"start": "00:07:31", "end": "00:07:35", "text": "offer. Start stacking some sats with"}, {"start": "00:07:33", "end": "00:07:38", "text": "some idle cash you might have sitting"}, {"start": "00:07:35", "end": "00:07:41", "text": "around, and start planning on how to"}, {"start": "00:07:38", "end": "00:07:42", "text": "hold and store your Bitcoin the"}, {"start": "00:07:41", "end": "00:07:46", "text": "worry-free way. Check it out. Link down"}, {"start": "00:07:42", "end": "00:07:46", "text": "below. Thanks for watching."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "So, it's a public service advisory"}, {"start": "00:00:01", "end": "00:00:05", "text": "announcement there from uh Uncle Lark."}, {"start": "00:00:04", "end": "00:00:07", "text": "Okay, Tesla, baby. Let's talk about"}, {"start": "00:00:05", "end": "00:00:10", "text": "flying cars. Yeah, that's the good"}, {"start": "00:00:07", "end": "00:00:11", "text": "Let's go. Look at this. Look at this."}, {"start": "00:00:10", "end": "00:00:14", "text": "Look, he's probably seen his video by"}, {"start": "00:00:11", "end": "00:00:18", "text": "now. This is insane. 24 million views."}, {"start": "00:00:14", "end": "00:00:22", "text": "They got flying cars now, guys."}, {"start": "00:00:18", "end": "00:00:26", "text": "Oh, let's go. Let's go. Let's go. Yes."}, {"start": "00:00:22", "end": "00:00:29", "text": "Yes. It's completely unnecessary. Great."}, {"start": "00:00:26", "end": "00:00:30", "text": "Great marketing stunt, Elon. I look I"}, {"start": "00:00:29", "end": "00:00:34", "text": "this is never going to pass any sort of"}, {"start": "00:00:30", "end": "00:00:37", "text": "road approval anywhere for anybody in"}, {"start": "00:00:34", "end": "00:00:39", "text": "any country. But this is effing awesome."}, {"start": "00:00:37", "end": "00:00:40", "text": "That's fun, man. Come on. It's fun. It's"}, {"start": "00:00:39", "end": "00:00:43", "text": "incredible marketing. Everybody talking"}, {"start": "00:00:40", "end": "00:00:46", "text": "about Tesla. I I dig it, man. I dig it."}, {"start": "00:00:43", "end": "00:00:47", "text": "Look, Tesla stocks only up a few dollar."}, {"start": "00:00:46", "end": "00:00:48", "text": "Come on, man. They released a freaking"}, {"start": "00:00:47", "end": "00:00:50", "text": "flying car and you're only going to put"}, {"start": "00:00:48", "end": "00:00:54", "text": "the stock up a few dollars. Thank bigger"}, {"start": "00:00:50", "end": "00:00:54", "text": "people. Come on."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "I'll sell at the top. I'll sell at the"}, {"start": "00:00:02", "end": "00:00:08", "text": "top, said everybody. Nobody sells the"}, {"start": "00:00:05", "end": "00:00:10", "text": "top. One guy does one. And it's probably"}, {"start": "00:00:08", "end": "00:00:12", "text": "not going to be you. If you never choose"}, {"start": "00:00:10", "end": "00:00:14", "text": "when to sell, the market will eventually"}, {"start": "00:00:12", "end": "00:00:15", "text": "choose for you. And it never picks good"}, {"start": "00:00:14", "end": "00:00:16", "text": "price. And I know a lot of you guys are"}, {"start": "00:00:15", "end": "00:00:19", "text": "still making some crazy mistakes on your"}, {"start": "00:00:16", "end": "00:00:20", "text": "portfolios here, but my worry is that a"}, {"start": "00:00:19", "end": "00:00:22", "text": "lot of you guys are going to, you know,"}, {"start": "00:00:20", "end": "00:00:24", "text": "continue to f things up. And I don't"}, {"start": "00:00:22", "end": "00:00:25", "text": "want that to happen. Okay? So, I want to"}, {"start": "00:00:24", "end": "00:00:27", "text": "talk a little bit about that because"}, {"start": "00:00:25", "end": "00:00:28", "text": "honestly, if your portfolio, look at how"}, {"start": "00:00:27", "end": "00:00:29", "text": "things have been performing in the"}, {"start": "00:00:28", "end": "00:00:32", "text": "market recently. If your crypto"}, {"start": "00:00:29", "end": "00:00:34", "text": "portfolio has been going sideways or"}, {"start": "00:00:32", "end": "00:00:35", "text": "down while Bitcoin's been doing what"}, {"start": "00:00:34", "end": "00:00:37", "text": "it's been doing, some of these altcoins"}, {"start": "00:00:35", "end": "00:00:38", "text": "been absolutely ripping. Look at some of"}, {"start": "00:00:37", "end": "00:00:40", "text": "the chosen altcoins have been going"}, {"start": "00:00:38", "end": "00:00:42", "text": "crazy. Well, then it's probably not bad"}, {"start": "00:00:40", "end": "00:00:46", "text": "luck. It's"}, {"start": "00:00:42", "end": "00:00:47", "text": "might be you and I can prove it. But we"}, {"start": "00:00:46", "end": "00:00:49", "text": "got a few points to go through here. So,"}, {"start": "00:00:47", "end": "00:00:51", "text": "here's a few signs your portfolio"}, {"start": "00:00:49", "end": "00:00:52", "text": "probably sucks. If you hit three or more"}, {"start": "00:00:51", "end": "00:00:54", "text": "of these, maybe have a serious"}, {"start": "00:00:52", "end": "00:00:56", "text": "conversation with yourself about why"}, {"start": "00:00:54", "end": "00:00:58", "text": "this is the case. Number one, you have"}, {"start": "00:00:56", "end": "00:00:59", "text": "too many coins. Now, we talked with"}, {"start": "00:00:58", "end": "00:01:01", "text": "Kevin from the When Shift Happens"}, {"start": "00:00:59", "end": "00:01:04", "text": "podcast. He has five coins. I have about"}, {"start": "00:01:01", "end": "00:01:05", "text": "a dozen max at any given time. So, if"}, {"start": "00:01:04", "end": "00:01:09", "text": "you open a wallet right now, how many"}, {"start": "00:01:05", "end": "00:01:11", "text": "tokens are in there? 15, 20, 40, 50? Can"}, {"start": "00:01:09", "end": "00:01:13", "text": "you name every single one without even"}, {"start": "00:01:11", "end": "00:01:15", "text": "scrolling? I can. If not, that's a"}, {"start": "00:01:13", "end": "00:01:17", "text": "problem. Your portfolio shouldn't look"}, {"start": "00:01:15", "end": "00:01:19", "text": "like a supermarket receipt. Here's how"}, {"start": "00:01:17", "end": "00:01:21", "text": "it happens. AI coins start pumping. You"}, {"start": "00:01:19", "end": "00:01:22", "text": "grab three of them. Deep starts pumping."}, {"start": "00:01:21", "end": "00:01:25", "text": "Hot thing. Got to have five of those."}, {"start": "00:01:22", "end": "00:01:27", "text": "Then RWAS. Then whatever else. A layer"}, {"start": "00:01:25", "end": "00:01:28", "text": "ones. Oh, privacy coins. Whatever the"}, {"start": "00:01:27", "end": "00:01:30", "text": "timeline is excited about this week, you"}, {"start": "00:01:28", "end": "00:01:32", "text": "buy a bunch of it. You never sell when"}, {"start": "00:01:30", "end": "00:01:34", "text": "the narrative runs out. Every new"}, {"start": "00:01:32", "end": "00:01:36", "text": "narrative adds another handful of bags."}, {"start": "00:01:34", "end": "00:01:38", "text": "Bag holding man. And the result is you"}, {"start": "00:01:36", "end": "00:01:39", "text": "spread your money so thin that even if"}, {"start": "00:01:38", "end": "00:01:41", "text": "one of them does do a 10x, it barely"}, {"start": "00:01:39", "end": "00:01:42", "text": "moves your total portfolio. You're not"}, {"start": "00:01:41", "end": "00:01:43", "text": "outperforming the market by being"}, {"start": "00:01:42", "end": "00:01:45", "text": "diversified. You're underperforming"}, {"start": "00:01:43", "end": "00:01:47", "text": "because you can't track everything. You"}, {"start": "00:01:45", "end": "00:01:48", "text": "did everything right on the one pick,"}, {"start": "00:01:47", "end": "00:01:50", "text": "maybe, but it doesn't matter. On top of"}, {"start": "00:01:48", "end": "00:01:52", "text": "that, you can't actually research 40,"}, {"start": "00:01:50", "end": "00:01:54", "text": "50, 100 projects. 20 projects is hard to"}, {"start": "00:01:52", "end": "00:01:56", "text": "keep track of. this is my full-time job"}, {"start": "00:01:54", "end": "00:01:58", "text": "and I'm like a dozen more than enough."}, {"start": "00:01:56", "end": "00:01:59", "text": "Nobody can. Okay, you're not tracking"}, {"start": "00:01:58", "end": "00:02:00", "text": "unlocks. You're not following"}, {"start": "00:01:59", "end": "00:02:02", "text": "development. You're just holding and"}, {"start": "00:02:00", "end": "00:02:04", "text": "hoping. That's not portfolio"}, {"start": "00:02:02", "end": "00:02:05", "text": "construction. That's FOMO bag"}, {"start": "00:02:04", "end": "00:02:08", "text": "collecting. Hey, real quick. What used"}, {"start": "00:02:05", "end": "00:02:09", "text": "to take dozen tabs, hours of scrolling"}, {"start": "00:02:08", "end": "00:02:12", "text": "10 minutes thanks to the inner circle."}, {"start": "00:02:09", "end": "00:02:13", "text": "Come try check it out. Act now full in"}, {"start": "00:02:12", "end": "00:02:15", "text": "now takes like and every day you don't"}, {"start": "00:02:13", "end": "00:02:17", "text": "have it, you're trading blind while"}, {"start": "00:02:15", "end": "00:02:20", "text": "others aren't. The inner circle compass"}, {"start": "00:02:17", "end": "00:02:21", "text": "is our custom set of tools attached to"}, {"start": "00:02:20", "end": "00:02:23", "text": "our private community. You also get"}, {"start": "00:02:21", "end": "00:02:25", "text": "private community access. This gives you"}, {"start": "00:02:23", "end": "00:02:27", "text": "regime structure. It gives you live"}, {"start": "00:02:25", "end": "00:02:29", "text": "signals. It gives you trade signals. It"}, {"start": "00:02:27", "end": "00:02:31", "text": "gives you full intelligence reports"}, {"start": "00:02:29", "end": "00:02:34", "text": "twice a day. Curated Twitter feeds from"}, {"start": "00:02:31", "end": "00:02:36", "text": "high signal accounts. It gives you my"}, {"start": "00:02:34", "end": "00:02:38", "text": "portfolio breakdowns. You get access to"}, {"start": "00:02:36", "end": "00:02:41", "text": "our AI agent where you can plug any"}, {"start": "00:02:38", "end": "00:02:43", "text": "cryptocoin in and it'll give you a full"}, {"start": "00:02:41", "end": "00:02:45", "text": "breakdown, sentiment analysis, charts,"}, {"start": "00:02:43", "end": "00:02:47", "text": "and much more. Plus Discord access,"}, {"start": "00:02:45", "end": "00:02:49", "text": "private AMAs, trade of the day so you're"}, {"start": "00:02:47", "end": "00:02:51", "text": "never sitting on the sidelines wondering"}, {"start": "00:02:49", "end": "00:02:52", "text": "what to do next. The gap between you and"}, {"start": "00:02:51", "end": "00:02:55", "text": "the signal closes the moment you join."}, {"start": "00:02:52", "end": "00:02:59", "text": "Link down below. You get a 7day free"}, {"start": "00:02:55", "end": "00:03:01", "text": "trial. Come try check it out. Act now."}, {"start": "00:02:59", "end": "00:03:02", "text": "Second sign. Your biggest bag is a dead"}, {"start": "00:03:01", "end": "00:03:05", "text": "altcoin that's underperformed Bitcoin"}, {"start": "00:03:02", "end": "00:03:07", "text": "for two full cycles. Now, this one hurts"}, {"start": "00:03:05", "end": "00:03:08", "text": "because almost everyone has had one if"}, {"start": "00:03:07", "end": "00:03:10", "text": "you don't have one right now. It's the"}, {"start": "00:03:08", "end": "00:03:13", "text": "coin that you bought near the top. It's"}, {"start": "00:03:10", "end": "00:03:14", "text": "down 80, 90, 95% from its all-time high."}, {"start": "00:03:13", "end": "00:03:16", "text": "We've all been there. We've all done it."}, {"start": "00:03:14", "end": "00:03:17", "text": "Don't beat yourself up. But the problem"}, {"start": "00:03:16", "end": "00:03:19", "text": "is that coin's been that way for years"}, {"start": "00:03:17", "end": "00:03:21", "text": "and you're still holding. Not one bad"}, {"start": "00:03:19", "end": "00:03:23", "text": "year. Not a bad few months. Cycles at"}, {"start": "00:03:21", "end": "00:03:24", "text": "this point. And every time someone asks,"}, {"start": "00:03:23", "end": "00:03:26", "text": "you say the same thing. Ah, it just"}, {"start": "00:03:24", "end": "00:03:28", "text": "needs one more catalyst. One more bit of"}, {"start": "00:03:26", "end": "00:03:30", "text": "tech. Just a few more users. Meanwhile,"}, {"start": "00:03:28", "end": "00:03:32", "text": "Bitcoin has gone up, made new highs."}, {"start": "00:03:30", "end": "00:03:34", "text": "Well, your bag hasn't moved. Be honest"}, {"start": "00:03:32", "end": "00:03:36", "text": "about what you're looking at. Is the"}, {"start": "00:03:34", "end": "00:03:38", "text": "volume dead? Are there constant token"}, {"start": "00:03:36", "end": "00:03:40", "text": "unlocks dumping on you? Are there"}, {"start": "00:03:38", "end": "00:03:41", "text": "actually people showing up to use the"}, {"start": "00:03:40", "end": "00:03:42", "text": "chain? Is the team already rich and"}, {"start": "00:03:41", "end": "00:03:44", "text": "quietly checked out? Are the developers"}, {"start": "00:03:42", "end": "00:03:47", "text": "building anything? yada yada yada, you"}, {"start": "00:03:44", "end": "00:03:49", "text": "know. Okay. If the answer is the wrong"}, {"start": "00:03:47", "end": "00:03:50", "text": "answer here, well, you're not holding an"}, {"start": "00:03:49", "end": "00:03:52", "text": "investment. You're holding an emotional"}, {"start": "00:03:50", "end": "00:03:54", "text": "attachment. You're holding a cult coin."}, {"start": "00:03:52", "end": "00:03:55", "text": "That money could have been in something"}, {"start": "00:03:54", "end": "00:03:58", "text": "useful that would have made you money."}, {"start": "00:03:55", "end": "00:04:00", "text": "Third sign, you have no Bitcoin. Zero."}, {"start": "00:03:58", "end": "00:04:02", "text": "Or close enough to zero that doesn't"}, {"start": "00:04:00", "end": "00:04:04", "text": "matter. Now, Bitcoin personally is my"}, {"start": "00:04:02", "end": "00:04:06", "text": "number one portfolio holding of"}, {"start": "00:04:04", "end": "00:04:08", "text": "everything. You call yourself a crypto"}, {"start": "00:04:06", "end": "00:04:11", "text": "investor, but you've skipped the best"}, {"start": "00:04:08", "end": "00:04:13", "text": "damn asset in the entire crypto space. I"}, {"start": "00:04:11", "end": "00:04:14", "text": "know altcoins have more upside. That's"}, {"start": "00:04:13", "end": "00:04:15", "text": "why I invest in them. But here's the"}, {"start": "00:04:14", "end": "00:04:17", "text": "thing. Bitcoin has been the best"}, {"start": "00:04:15", "end": "00:04:20", "text": "performing major asset across multiple"}, {"start": "00:04:17", "end": "00:04:22", "text": "cycles. It's got the staying power. Most"}, {"start": "00:04:20", "end": "00:04:23", "text": "serious money and most institutions"}, {"start": "00:04:22", "end": "00:04:25", "text": "still come into this market through"}, {"start": "00:04:23", "end": "00:04:26", "text": "Bitcoin first. So, when you hold no BTC,"}, {"start": "00:04:25", "end": "00:04:28", "text": "you're basically saying you're smarter"}, {"start": "00:04:26", "end": "00:04:29", "text": "than all that. You're betting against"}, {"start": "00:04:28", "end": "00:04:32", "text": "the one thing in crypto that has proven"}, {"start": "00:04:29", "end": "00:04:33", "text": "itself over and over and over again."}, {"start": "00:04:32", "end": "00:04:35", "text": "Maybe you are smarter than the market,"}, {"start": "00:04:33", "end": "00:04:37", "text": "but the odds say you're not. And owning"}, {"start": "00:04:35", "end": "00:04:39", "text": "zero Bitcoin, well, that's the loudest"}, {"start": "00:04:37", "end": "00:04:40", "text": "possible way to find out. Sign number"}, {"start": "00:04:39", "end": "00:04:43", "text": "four, you have too much money."}, {"start": "00:04:40", "end": "00:04:45", "text": "Memecoins. Look, meme coins can be fun."}, {"start": "00:04:43", "end": "00:04:46", "text": "Personally, I don't have a lot of time"}, {"start": "00:04:45", "end": "00:04:48", "text": "for the trenches. I don't I don't enjoy"}, {"start": "00:04:46", "end": "00:04:50", "text": "it. I know people out there enjoy it,"}, {"start": "00:04:48", "end": "00:04:52", "text": "but it's just not my casino to hang out"}, {"start": "00:04:50", "end": "00:04:54", "text": "in. Right now, I take the occasional"}, {"start": "00:04:52", "end": "00:04:55", "text": "small position as like a lottery ticket"}, {"start": "00:04:54", "end": "00:04:57", "text": "thing. You know, every once in a while,"}, {"start": "00:04:55", "end": "00:04:58", "text": "I like to play around. Bought some, you"}, {"start": "00:04:57", "end": "00:05:00", "text": "know, buy the cat, lost my money at"}, {"start": "00:04:58", "end": "00:05:02", "text": "fantastic, right? Who cares? Doesn't"}, {"start": "00:05:00", "end": "00:05:04", "text": "matter his lottery ticket size. But if a"}, {"start": "00:05:02", "end": "00:05:06", "text": "big chunk of your portfolio is in coins"}, {"start": "00:05:04", "end": "00:05:08", "text": "with zero utility, you need to"}, {"start": "00:05:06", "end": "00:05:09", "text": "understand who you're playing against."}, {"start": "00:05:08", "end": "00:05:10", "text": "You're not trading against other regular"}, {"start": "00:05:09", "end": "00:05:12", "text": "people when you're playing the memecoin"}, {"start": "00:05:10", "end": "00:05:14", "text": "game. In a large part, you're up against"}, {"start": "00:05:12", "end": "00:05:16", "text": "professional extraction groups, paid"}, {"start": "00:05:14", "end": "00:05:18", "text": "influencers don't give a [�__�] about you,"}, {"start": "00:05:16", "end": "00:05:21", "text": "man. In coordinated cabals who treat"}, {"start": "00:05:18", "end": "00:05:24", "text": "retail as a bank machine. They go, they"}, {"start": "00:05:21", "end": "00:05:25", "text": "launch the shitcoin. You buy it, they"}, {"start": "00:05:24", "end": "00:05:28", "text": "take the money, your ex liquidity every"}, {"start": "00:05:25", "end": "00:05:29", "text": "time. The people making real money in"}, {"start": "00:05:28", "end": "00:05:31", "text": "memes are mostly the ones launching"}, {"start": "00:05:29", "end": "00:05:33", "text": "them, promoting them, and selling into"}, {"start": "00:05:31", "end": "00:05:35", "text": "the hype. The influencer shilling it on"}, {"start": "00:05:33", "end": "00:05:36", "text": "your timeline was probably paid or even"}, {"start": "00:05:35", "end": "00:05:38", "text": "given an allocation before you ever even"}, {"start": "00:05:36", "end": "00:05:40", "text": "heard of it. Now, not all the time. Some"}, {"start": "00:05:38", "end": "00:05:42", "text": "meme coins do have legitimate enthusiasm"}, {"start": "00:05:40", "end": "00:05:44", "text": "behind them, but it's very, very, very"}, {"start": "00:05:42", "end": "00:05:46", "text": "rare. By the time you hear about it on"}, {"start": "00:05:44", "end": "00:05:48", "text": "your timeline, the asymmetric upside's"}, {"start": "00:05:46", "end": "00:05:49", "text": "usually gone, and what's left is a very"}, {"start": "00:05:48", "end": "00:05:51", "text": "real chance of you losing everything"}, {"start": "00:05:49", "end": "00:05:53", "text": "that you put into it and you being once"}, {"start": "00:05:51", "end": "00:05:56", "text": "again exit liquidity. Stop it. Treating"}, {"start": "00:05:53", "end": "00:05:58", "text": "memes as a a real strategy is one of the"}, {"start": "00:05:56", "end": "00:06:01", "text": "fastest ways to take an account to zero."}, {"start": "00:05:58", "end": "00:06:02", "text": "Okay, please. Sign number five, your"}, {"start": "00:06:01", "end": "00:06:04", "text": "portfolio looks like a random Twitter"}, {"start": "00:06:02", "end": "00:06:06", "text": "thread. So, you go through your holdings"}, {"start": "00:06:04", "end": "00:06:08", "text": "and ask, \"Where did how did I get all"}, {"start": "00:06:06", "end": "00:06:12", "text": "these coins?\" If half them came from"}, {"start": "00:06:08", "end": "00:06:14", "text": "some anon frog or anime profile picture"}, {"start": "00:06:12", "end": "00:06:17", "text": "who just called it, that's a red flag,"}, {"start": "00:06:14", "end": "00:06:19", "text": "man. No research, just some vibes, bro."}, {"start": "00:06:17", "end": "00:06:22", "text": "Few screenshots of a feeling that this"}, {"start": "00:06:19", "end": "00:06:23", "text": "one's different. Notice the pattern. You"}, {"start": "00:06:22", "end": "00:06:25", "text": "buy what the timeline is excited about"}, {"start": "00:06:23", "end": "00:06:27", "text": "and then it dumps right after. That's"}, {"start": "00:06:25", "end": "00:06:29", "text": "not a coincidence. That is professional"}, {"start": "00:06:27", "end": "00:06:31", "text": "extraction. When something's already"}, {"start": "00:06:29", "end": "00:06:33", "text": "trending, the early money is already in"}, {"start": "00:06:31", "end": "00:06:35", "text": "and getting ready to get out on your ass"}, {"start": "00:06:33", "end": "00:06:36", "text": "because you're now hyping and fomoing"}, {"start": "00:06:35", "end": "00:06:38", "text": "into it. you're the one giving them a"}, {"start": "00:06:36", "end": "00:06:40", "text": "place to sell. We've all been there."}, {"start": "00:06:38", "end": "00:06:42", "text": "We've all done it. But learn the lesson,"}, {"start": "00:06:40", "end": "00:06:43", "text": "man. Your entries are almost always"}, {"start": "00:06:42", "end": "00:06:45", "text": "after the big move has happened. If"}, {"start": "00:06:43", "end": "00:06:47", "text": "that's you, you need to rethink how"}, {"start": "00:06:45", "end": "00:06:49", "text": "you're doing things. Now, there's a case"}, {"start": "00:06:47", "end": "00:06:51", "text": "for top blasting things like Zcash or"}, {"start": "00:06:49", "end": "00:06:53", "text": "something, but come on. Zcash is not,"}, {"start": "00:06:51", "end": "00:06:55", "text": "you know, the newest dog coin, is it?"}, {"start": "00:06:53", "end": "00:06:56", "text": "Over time, your portfolio will turn into"}, {"start": "00:06:55", "end": "00:06:58", "text": "a graveyard of narratives that were hot"}, {"start": "00:06:56", "end": "00:07:00", "text": "once and dead now. Coins that no longer"}, {"start": "00:06:58", "end": "00:07:02", "text": "have any liquidity can't even sell for a"}, {"start": "00:07:00", "end": "00:07:03", "text": "90% loss if you wanted to. If that all"}, {"start": "00:07:02", "end": "00:07:04", "text": "sounds familiar, guess what? You're not"}, {"start": "00:07:03", "end": "00:07:05", "text": "trading the market. You're providing"}, {"start": "00:07:04", "end": "00:07:07", "text": "liquidity to people who are faster and"}, {"start": "00:07:05", "end": "00:07:08", "text": "smarter than you and you're going to"}, {"start": "00:07:07", "end": "00:07:10", "text": "keep losing if you keep doing the same"}, {"start": "00:07:08", "end": "00:07:13", "text": "damn thing. The sixth sign, you have"}, {"start": "00:07:10", "end": "00:07:15", "text": "zero cash or stable coins ready. You're"}, {"start": "00:07:13", "end": "00:07:17", "text": "100% invested all the time, which I"}, {"start": "00:07:15", "end": "00:07:18", "text": "sounds like, shouldn't I be all"}, {"start": "00:07:17", "end": "00:07:19", "text": "invested? Maybe you're even"}, {"start": "00:07:18", "end": "00:07:20", "text": "overinvested. You got a little bit of"}, {"start": "00:07:19", "end": "00:07:22", "text": "leverage on everything. And that feels"}, {"start": "00:07:20", "end": "00:07:23", "text": "great when everything's going up, but"}, {"start": "00:07:22", "end": "00:07:25", "text": "then a real dip comes. The kind of"}, {"start": "00:07:23", "end": "00:07:26", "text": "buying opportunity that only shows up a"}, {"start": "00:07:25", "end": "00:07:28", "text": "few times a cycle. You got nothing to"}, {"start": "00:07:26", "end": "00:07:29", "text": "buy it with, man. So, you either sit"}, {"start": "00:07:28", "end": "00:07:31", "text": "there and watch it or you sell your"}, {"start": "00:07:29", "end": "00:07:33", "text": "winners just to buy the dip, which"}, {"start": "00:07:31", "end": "00:07:34", "text": "defeats the whole damn point anyway. And"}, {"start": "00:07:33", "end": "00:07:36", "text": "psychologically it's brutal. When you"}, {"start": "00:07:34", "end": "00:07:38", "text": "have no cash, every red candle feels"}, {"start": "00:07:36", "end": "00:07:40", "text": "personal because you've got no way to"}, {"start": "00:07:38", "end": "00:07:41", "text": "respond. You can only absorb, watch your"}, {"start": "00:07:40", "end": "00:07:42", "text": "portfolio go down, sit there with a"}, {"start": "00:07:41", "end": "00:07:45", "text": "smile on your face going, \"This is"}, {"start": "00:07:42", "end": "00:07:46", "text": "great. I love investing.\" Having cash is"}, {"start": "00:07:45", "end": "00:07:48", "text": "a position. And not saying you have to"}, {"start": "00:07:46", "end": "00:07:50", "text": "be like 100% cash, but you should have,"}, {"start": "00:07:48", "end": "00:07:52", "text": "I don't know, 5% 10% of your portfolio"}, {"start": "00:07:50", "end": "00:07:54", "text": "or something like sitting around in"}, {"start": "00:07:52", "end": "00:07:56", "text": "cash. Having zero cash is a"}, {"start": "00:07:54", "end": "00:07:58", "text": "vulnerability. Okay? Remember that. Sign"}, {"start": "00:07:56", "end": "00:08:00", "text": "number seven, you refuse to take profits"}, {"start": "00:07:58", "end": "00:08:02", "text": "because it can still go higher. Every"}, {"start": "00:08:00", "end": "00:08:03", "text": "single one of us have done that. Okay?"}, {"start": "00:08:02", "end": "00:08:07", "text": "You've had winners, real ones. You're up"}, {"start": "00:08:03", "end": "00:08:10", "text": "5x, 10x, 20x. You don't sell a single"}, {"start": "00:08:07", "end": "00:08:11", "text": "damn penny. You always had a reason. Ah,"}, {"start": "00:08:10", "end": "00:08:13", "text": "it's still going to go higher. I'm"}, {"start": "00:08:11", "end": "00:08:15", "text": "longterm anyway. Boner coins, a new"}, {"start": "00:08:13", "end": "00:08:16", "text": "pair. I have money. Taxes. I won't pay"}, {"start": "00:08:15", "end": "00:08:19", "text": "taxes. I'll just hold on to it. I'll"}, {"start": "00:08:16", "end": "00:08:22", "text": "sell at the top. I'll sell at the top,"}, {"start": "00:08:19", "end": "00:08:25", "text": "said everybody. Nobody sells the top."}, {"start": "00:08:22", "end": "00:08:27", "text": "One guy does. One. It's probably not"}, {"start": "00:08:25", "end": "00:08:29", "text": "going to be you. And if you don't have a"}, {"start": "00:08:27", "end": "00:08:31", "text": "plan for taking money off the table,"}, {"start": "00:08:29", "end": "00:08:34", "text": "what usually happens is that big winner"}, {"start": "00:08:31", "end": "00:08:38", "text": "gives back most or all of its gains. You"}, {"start": "00:08:34", "end": "00:08:40", "text": "turn a lifechanging paper gain into"}, {"start": "00:08:38", "end": "00:08:44", "text": "permanent underperformance, ensuring"}, {"start": "00:08:40", "end": "00:08:46", "text": "your permanent place in the underclass."}, {"start": "00:08:44", "end": "00:08:47", "text": "Stop it. You have to have a process for"}, {"start": "00:08:46", "end": "00:08:50", "text": "d-risking. You have to have a process"}, {"start": "00:08:47", "end": "00:08:51", "text": "for rotating capital. Okay? And here's"}, {"start": "00:08:50", "end": "00:08:54", "text": "the part you don't want to hear. If you"}, {"start": "00:08:51", "end": "00:08:56", "text": "never choose when to sell, the market"}, {"start": "00:08:54", "end": "00:08:58", "text": "will eventually choose for you. and it"}, {"start": "00:08:56", "end": "00:09:00", "text": "never picks a good price. I want you"}, {"start": "00:08:58", "end": "00:09:02", "text": "guys to win. I really, really do. And I"}, {"start": "00:09:00", "end": "00:09:04", "text": "hope that some of the things we provide"}, {"start": "00:09:02", "end": "00:09:07", "text": "here on the channel help put you in the"}, {"start": "00:09:04", "end": "00:09:09", "text": "mindset to win."}, {"start": "00:09:07", "end": "00:09:11", "text": "That's the goal anyway. Every week,"}, {"start": "00:09:09", "end": "00:09:13", "text": "100,000 people get the trade idea before"}, {"start": "00:09:11", "end": "00:09:14", "text": "the crowd does. You could be one of"}, {"start": "00:09:13", "end": "00:09:16", "text": "those people for free, or you can find"}, {"start": "00:09:14", "end": "00:09:17", "text": "out after the move's happened, after"}, {"start": "00:09:16", "end": "00:09:19", "text": "it's already played out. The Lark Davis"}, {"start": "00:09:17", "end": "00:09:20", "text": "newsletter delivers a trade of the day,"}, {"start": "00:09:19", "end": "00:09:24", "text": "a chart of the day, a market moving"}, {"start": "00:09:20", "end": "00:09:25", "text": "alpha section directly to your inbox."}, {"start": "00:09:24", "end": "00:09:27", "text": "All the latest news, what you need to"}, {"start": "00:09:25", "end": "00:09:29", "text": "know as an investor in these markets."}, {"start": "00:09:27", "end": "00:09:30", "text": "Timed to get ahead of the action, not"}, {"start": "00:09:29", "end": "00:09:32", "text": "react to it. It's free, it's fast, and"}, {"start": "00:09:30", "end": "00:09:34", "text": "it's the one habit separating traders"}, {"start": "00:09:32", "end": "00:09:36", "text": "who catch moves from traders who chase"}, {"start": "00:09:34", "end": "00:09:37", "text": "them. Don't be the one asking, \"Why"}, {"start": "00:09:36", "end": "00:09:40", "text": "didn't I know about this?\" Join the Lark"}, {"start": "00:09:37", "end": "00:09:43", "text": "Davis newsletter today. It's free. Link"}, {"start": "00:09:40", "end": "00:09:43", "text": "below. Go get it."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "While those criticisms may have been"}, {"start": "00:00:02", "end": "00:00:08", "text": "valid, they are mid-curve criticisms and"}, {"start": "00:00:05", "end": "00:00:10", "text": "the hot ball of money got behind Zcash"}, {"start": "00:00:08", "end": "00:00:12", "text": "and sent it up 20 25 x from the time"}, {"start": "00:00:10", "end": "00:00:14", "text": "that I shared that tweet here on the"}, {"start": "00:00:12", "end": "00:00:15", "text": "channel. So, it's interesting sometimes"}, {"start": "00:00:14", "end": "00:00:17", "text": "how the narratives become almost like"}, {"start": "00:00:15", "end": "00:00:19", "text": "these self-fulfilling prophecies."}, {"start": "00:00:17", "end": "00:00:21", "text": ">> Especially with an asset like that cuz"}, {"start": "00:00:19", "end": "00:00:23", "text": "there's no revenue and it's very it's"}, {"start": "00:00:21", "end": "00:00:25", "text": "very reflex reflexive, right? And so,"}, {"start": "00:00:23", "end": "00:00:27", "text": "what they what they got really right is"}, {"start": "00:00:25", "end": "00:00:29", "text": "I mean, first of all, it's a super"}, {"start": "00:00:27", "end": "00:00:31", "text": "simple narrative. At the end of the day,"}, {"start": "00:00:29", "end": "00:00:33", "text": "the only thing you want for this not"}, {"start": "00:00:31", "end": "00:00:36", "text": "like for this tokens, right? If the goal"}, {"start": "00:00:33", "end": "00:00:38", "text": "is for people to buy is you want to have"}, {"start": "00:00:36", "end": "00:00:39", "text": "people need to know like is there any"}, {"start": "00:00:38", "end": "00:00:41", "text": "inflation, right? Am I going to get"}, {"start": "00:00:39", "end": "00:00:43", "text": "diluted or not? Well, this one is"}, {"start": "00:00:41", "end": "00:00:44", "text": "basically 21 mi It's the same as"}, {"start": "00:00:43", "end": "00:00:45", "text": "Bitcoin, right? So, like okay, this is"}, {"start": "00:00:44", "end": "00:00:47", "text": "kind of like sorted. I mean, obviously"}, {"start": "00:00:45", "end": "00:00:51", "text": "like there is some mining and all that"}, {"start": "00:00:47", "end": "00:00:51", "text": "stuff, but like there is an end to it."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "What do you think about that? 40 million"}, {"start": "00:00:01", "end": "00:00:04", "text": "transactions per second is absolutely"}, {"start": "00:00:03", "end": "00:00:07", "text": "bonkers crazy. There has definitely been"}, {"start": "00:00:04", "end": "00:00:09", "text": "this push and pull in my mind, should I"}, {"start": "00:00:07", "end": "00:00:11", "text": "have just bought NEAR instead? Had a lot"}, {"start": "00:00:09", "end": "00:00:13", "text": "of big news for Sui recently. First,"}, {"start": "00:00:11", "end": "00:00:15", "text": "native quantum safe transaction"}, {"start": "00:00:13", "end": "00:00:18", "text": "executed, that's great. Great stuff,"}, {"start": "00:00:15", "end": "00:00:19", "text": "Sui. Now, I bought a bag of Sui today."}, {"start": "00:00:18", "end": "00:00:21", "text": "Let's see how that goes. There has"}, {"start": "00:00:19", "end": "00:00:23", "text": "definitely been this push and pull in my"}, {"start": "00:00:21", "end": "00:00:26", "text": "mind, should I have just bought NEAR"}, {"start": "00:00:23", "end": "00:00:28", "text": "instead? Because the FDV of NEAR is"}, {"start": "00:00:26", "end": "00:00:31", "text": "about $3 billion less than the FDV of"}, {"start": "00:00:28", "end": "00:00:33", "text": "Sui, although the current circulating of"}, {"start": "00:00:31", "end": "00:00:35", "text": "Sui is around 4 billion and some change,"}, {"start": "00:00:33", "end": "00:00:37", "text": "whereas NEAR is around 6 and 1/2 billion"}, {"start": "00:00:35", "end": "00:00:39", "text": "cuz it's fully emitted at this point."}, {"start": "00:00:37", "end": "00:00:40", "text": "So, that has been something that's been"}, {"start": "00:00:39", "end": "00:00:43", "text": "kind of going through my mind. Plus,"}, {"start": "00:00:40", "end": "00:00:45", "text": "NEAR has very much been the coin of the"}, {"start": "00:00:43", "end": "00:00:46", "text": "cycle. Everyone's super excited about"}, {"start": "00:00:45", "end": "00:00:48", "text": "it. But, let's go let's go through some"}, {"start": "00:00:46", "end": "00:00:50", "text": "notes here. So, Sui, in case you don't"}, {"start": "00:00:48", "end": "00:00:52", "text": "know, it is a high-speed layer one. Uses"}, {"start": "00:00:50", "end": "00:00:54", "text": "the Move language, which is supposed to"}, {"start": "00:00:52", "end": "00:00:57", "text": "be a more secure version of"}, {"start": "00:00:54", "end": "00:00:58", "text": "coding languages. Payments, DeFi,"}, {"start": "00:00:57", "end": "00:01:00", "text": "gaming, agenic finance, all kind of"}, {"start": "00:00:58", "end": "00:01:03", "text": "stuff. They had a demonstration the"}, {"start": "00:01:00", "end": "00:01:05", "text": "other day at 40.6 million transactions"}, {"start": "00:01:03", "end": "00:01:08", "text": "per second, which is insane. That was"}, {"start": "00:01:05", "end": "00:01:10", "text": "via programmable off-chain tunnels. So,"}, {"start": "00:01:08", "end": "00:01:13", "text": "this is not just running it all through"}, {"start": "00:01:10", "end": "00:01:15", "text": "layer one, but having some extra stuff"}, {"start": "00:01:13", "end": "00:01:16", "text": "there. But, that When you think about"}, {"start": "00:01:15", "end": "00:01:19", "text": "that, 40 million transactions per second"}, {"start": "00:01:16", "end": "00:01:22", "text": "is absolutely bonkers crazy. This is"}, {"start": "00:01:19", "end": "00:01:25", "text": "nothing that humans need. This is agenic"}, {"start": "00:01:22", "end": "00:01:27", "text": "finance. These are AI agents, millions"}, {"start": "00:01:25", "end": "00:01:31", "text": "of them, talking to each other every"}, {"start": "00:01:27", "end": "00:01:33", "text": "second and buying 1/10 of a cent of"}, {"start": "00:01:31", "end": "00:01:35", "text": "inference data or some BS like that."}, {"start": "00:01:33", "end": "00:01:37", "text": "That meets the scale of that future"}, {"start": "00:01:35", "end": "00:01:38", "text": "economy. So, that's interesting. We also"}, {"start": "00:01:37", "end": "00:01:40", "text": "have"}, {"start": "00:01:38", "end": "00:01:43", "text": "the What's the prior record of 6.1"}, {"start": "00:01:40", "end": "00:01:44", "text": "million? So, but the real mainnet, aside"}, {"start": "00:01:43", "end": "00:01:47", "text": "from this interesting demonstration, the"}, {"start": "00:01:44", "end": "00:01:49", "text": "real mainnet is typically in the 10s to"}, {"start": "00:01:47", "end": "00:01:51", "text": "lower 100s of transactions per second."}, {"start": "00:01:49", "end": "00:01:53", "text": "So, that's actual usage, whereas the"}, {"start": "00:01:51", "end": "00:01:55", "text": "peak comes in around sort of 1,000 to"}, {"start": "00:01:53", "end": "00:01:57", "text": "like 1,200 transactions per per So,"}, {"start": "00:01:55", "end": "00:01:58", "text": "there's a lot of work to go. Okay? Over"}, {"start": "00:01:57", "end": "00:02:00", "text": "the 5 billion transactions total"}, {"start": "00:01:58", "end": "00:02:03", "text": "cumulatively, we did have a recent peak"}, {"start": "00:02:00", "end": "00:02:05", "text": "day of 10 million transactions for the"}, {"start": "00:02:03", "end": "00:02:07", "text": "day. So, just cuz you can do 40 million"}, {"start": "00:02:05", "end": "00:02:09", "text": "transactions per second, when you only"}, {"start": "00:02:07", "end": "00:02:11", "text": "have 10 million transactions per day,"}, {"start": "00:02:09", "end": "00:02:13", "text": "okay? But, that's building technology"}, {"start": "00:02:11", "end": "00:02:14", "text": "for future use. So, that's good. Right"}, {"start": "00:02:13", "end": "00:02:16", "text": "now, while you're watching this,"}, {"start": "00:02:14", "end": "00:02:18", "text": "thousands of traders are already in on"}, {"start": "00:02:16", "end": "00:02:19", "text": "Bitunix trading crypto, they're trading"}, {"start": "00:02:18", "end": "00:02:21", "text": "metals, they're trading oil, they're"}, {"start": "00:02:19", "end": "00:02:23", "text": "trading stocks, they're trading indexes,"}, {"start": "00:02:21", "end": "00:02:24", "text": "all from one account just by depositing"}, {"start": "00:02:23", "end": "00:02:26", "text": "USDT. They can trade from anywhere in"}, {"start": "00:02:24", "end": "00:02:28", "text": "the world. Every week you wait is a week"}, {"start": "00:02:26", "end": "00:02:29", "text": "that you're not eligible to win the"}, {"start": "00:02:28", "end": "00:02:32", "text": "giveaways, by the way. Sign up with the"}, {"start": "00:02:29", "end": "00:02:33", "text": "link down below, deposit USDT, make one"}, {"start": "00:02:32", "end": "00:02:35", "text": "trade or more, that's it, and you're"}, {"start": "00:02:33", "end": "00:02:37", "text": "instantly in the running for our $5,000"}, {"start": "00:02:35", "end": "00:02:40", "text": "weekly giveaway. Five winners walk away"}, {"start": "00:02:37", "end": "00:02:42", "text": "with $1,000 each. You want more? When"}, {"start": "00:02:40", "end": "00:02:45", "text": "you join our private inner circle, you"}, {"start": "00:02:42", "end": "00:02:47", "text": "unlock an extra $80 of bonuses every"}, {"start": "00:02:45", "end": "00:02:49", "text": "single month. Don't watch from the"}, {"start": "00:02:47", "end": "00:02:51", "text": "sidelines. Go claim your spot now, get"}, {"start": "00:02:49", "end": "00:02:53", "text": "on Bitunix, link right down below. You"}, {"start": "00:02:51", "end": "00:02:54", "text": "want to win the prizes? You got to be in"}, {"start": "00:02:53", "end": "00:02:56", "text": "it to win it. Go check it out. Sui is"}, {"start": "00:02:54", "end": "00:02:59", "text": "also working on the quantum questions,"}, {"start": "00:02:56", "end": "00:03:01", "text": "so they've adding NIST, NIST,"}, {"start": "00:02:59", "end": "00:03:03", "text": "post-quantum signatures. So, we have"}, {"start": "00:03:01", "end": "00:03:05", "text": "native everyday accounts here, but also"}, {"start": "00:03:03", "end": "00:03:09", "text": "move vault, so the vault's targeted"}, {"start": "00:03:05", "end": "00:03:12", "text": "mainnet in 2026. Native account testnet,"}, {"start": "00:03:09", "end": "00:03:15", "text": "I think launched yesterday. The mainnet"}, {"start": "00:03:12", "end": "00:03:16", "text": "scheduled for Q1 2027."}, {"start": "00:03:15", "end": "00:03:18", "text": "Soon, Sui's going to be a"}, {"start": "00:03:16", "end": "00:03:20", "text": "quantum-resistant blockchain. Fantastic."}, {"start": "00:03:18", "end": "00:03:22", "text": "The overall activity has been pretty"}, {"start": "00:03:20", "end": "00:03:24", "text": "good, I think, on Sui coming out of the"}, {"start": "00:03:22", "end": "00:03:25", "text": "bear market. Uh we've had a lot of"}, {"start": "00:03:24", "end": "00:03:27", "text": "different things happening. We have DeFi"}, {"start": "00:03:25", "end": "00:03:28", "text": "TVL sitting around half a billion"}, {"start": "00:03:27", "end": "00:03:31", "text": "dollars, it still has a lot of active"}, {"start": "00:03:28", "end": "00:03:34", "text": "protocols within the ecosystem, good"}, {"start": "00:03:31", "end": "00:03:36", "text": "stablecoins. About half a billion is"}, {"start": "00:03:34", "end": "00:03:38", "text": "pretty good. Uh we have Walrus, we have"}, {"start": "00:03:36", "end": "00:03:40", "text": "Nautilus, and uh Cetus, and Deep Book,"}, {"start": "00:03:38", "end": "00:03:41", "text": "and Suiland, all this kind of stuff. We"}, {"start": "00:03:40", "end": "00:03:43", "text": "had a big partnership announced the"}, {"start": "00:03:41", "end": "00:03:45", "text": "other day with Samsung Wallet. So,"}, {"start": "00:03:43", "end": "00:03:46", "text": "that's also announced for Solana, so it"}, {"start": "00:03:45", "end": "00:03:48", "text": "wasn't a Sui exclusive partnership by"}, {"start": "00:03:46", "end": "00:03:50", "text": "any means, but still pretty cool."}, {"start": "00:03:48", "end": "00:03:51", "text": "Alibaba, Google, big partnership"}, {"start": "00:03:50", "end": "00:03:54", "text": "announced recently as well. We have"}, {"start": "00:03:51", "end": "00:03:55", "text": "Hashi, which is a sort of BTC finance"}, {"start": "00:03:54", "end": "00:03:57", "text": "thing, which is pretty cool. So, a lot"}, {"start": "00:03:55", "end": "00:03:59", "text": "of cool stuff happening there. We also"}, {"start": "00:03:57", "end": "00:04:02", "text": "have privacy coming here for Sui, which"}, {"start": "00:03:59", "end": "00:04:03", "text": "is well, selective like it's already"}, {"start": "00:04:02", "end": "00:04:07", "text": "kind of here. So, we have selective"}, {"start": "00:04:03", "end": "00:04:09", "text": "compliance first privacy. So, it's not a"}, {"start": "00:04:07", "end": "00:04:11", "text": "full privacy chain, but confidential"}, {"start": "00:04:09", "end": "00:04:13", "text": "transfers are in beta that hides"}, {"start": "00:04:11", "end": "00:04:16", "text": "balances and amounts with using ZK"}, {"start": "00:04:13", "end": "00:04:17", "text": "encryption. So, addresses stay visible,"}, {"start": "00:04:16", "end": "00:04:20", "text": "but how much and what is being"}, {"start": "00:04:17", "end": "00:04:21", "text": "transferred not necessarily. So, this is"}, {"start": "00:04:20", "end": "00:04:22", "text": "pretty cool. So, it's got a great"}, {"start": "00:04:21", "end": "00:04:25", "text": "privacy tech here coming as well."}, {"start": "00:04:22", "end": "00:04:26", "text": "Gasless payments are out, which I'm I'm"}, {"start": "00:04:25", "end": "00:04:27", "text": "kind of in two minds about because"}, {"start": "00:04:26", "end": "00:04:29", "text": "gasless payments for stable for"}, {"start": "00:04:27", "end": "00:04:30", "text": "stablecoins particularly gasless"}, {"start": "00:04:29", "end": "00:04:32", "text": "payments for stablecoins are nice."}, {"start": "00:04:30", "end": "00:04:34", "text": "However, that means less demand for the"}, {"start": "00:04:32", "end": "00:04:36", "text": "Sui token itself. Well, I guess they're"}, {"start": "00:04:34", "end": "00:04:38", "text": "sponsored transactions so the app"}, {"start": "00:04:36", "end": "00:04:41", "text": "actually pays the gas, but but transfers"}, {"start": "00:04:38", "end": "00:04:42", "text": "are so cheap on Sui that"}, {"start": "00:04:41", "end": "00:04:44", "text": "um you can actually have a situation"}, {"start": "00:04:42", "end": "00:04:45", "text": "where they these guys can sponsor the"}, {"start": "00:04:44", "end": "00:04:46", "text": "transaction as long as they're not"}, {"start": "00:04:45", "end": "00:04:48", "text": "getting massive spam, it's not going to"}, {"start": "00:04:46", "end": "00:04:49", "text": "actually cost all that much. So, this is"}, {"start": "00:04:48", "end": "00:04:50", "text": "good."}, {"start": "00:04:49", "end": "00:04:52", "text": "This is good. We also have Azentic"}, {"start": "00:04:50", "end": "00:04:54", "text": "Finance taking off here. So, we have"}, {"start": "00:04:52", "end": "00:04:56", "text": "some pretty um you know, core bets I"}, {"start": "00:04:54", "end": "00:04:58", "text": "think happening for Azentic Finance here"}, {"start": "00:04:56", "end": "00:05:01", "text": "for crypto so with Sui in particular."}, {"start": "00:04:58", "end": "00:05:02", "text": "So, you have agents with budgets, uh"}, {"start": "00:05:01", "end": "00:05:04", "text": "permissions, atomic multi-step"}, {"start": "00:05:02", "end": "00:05:06", "text": "transactions, tunnels for machine scale"}, {"start": "00:05:04", "end": "00:05:07", "text": "volume, all this kind of stuff in those"}, {"start": "00:05:06", "end": "00:05:10", "text": "recent partnerships with Alibaba and"}, {"start": "00:05:07", "end": "00:05:13", "text": "Google and stuff like that also uh"}, {"start": "00:05:10", "end": "00:05:16", "text": "coming into play here. So, the Azentic"}, {"start": "00:05:13", "end": "00:05:18", "text": "Finance situation uh I think is pretty"}, {"start": "00:05:16", "end": "00:05:20", "text": "uh compelling here for Sui as well. We"}, {"start": "00:05:18", "end": "00:05:21", "text": "also have token burns. This is something"}, {"start": "00:05:20", "end": "00:05:24", "text": "interesting too. So, this is not your"}, {"start": "00:05:21", "end": "00:05:26", "text": "classic token burn as in what you saw"}, {"start": "00:05:24", "end": "00:05:28", "text": "with uh Ethereum, right? Which is kind"}, {"start": "00:05:26", "end": "00:05:30", "text": "of ended up not not playing out very"}, {"start": "00:05:28", "end": "00:05:32", "text": "well anyway. But, this is basically"}, {"start": "00:05:30", "end": "00:05:34", "text": "storage fund locks uh Sui via"}, {"start": "00:05:32", "end": "00:05:36", "text": "non-refundable fees in deposits. So, the"}, {"start": "00:05:34", "end": "00:05:38", "text": "official framing here is deflationary by"}, {"start": "00:05:36", "end": "00:05:40", "text": "design. So, 2 million Sui already"}, {"start": "00:05:38", "end": "00:05:42", "text": "removed from circulation, which is a"}, {"start": "00:05:40", "end": "00:05:45", "text": "very small number. You know, Sui trades"}, {"start": "00:05:42", "end": "00:05:47", "text": "for a dollar. So, you know, $2 of Sui"}, {"start": "00:05:45", "end": "00:05:50", "text": "removed on a a 10 billion dollar fully"}, {"start": "00:05:47", "end": "00:05:52", "text": "diluted valuation coin is not a lot. But"}, {"start": "00:05:50", "end": "00:05:53", "text": "if that can pick up over time, then I"}, {"start": "00:05:52", "end": "00:05:55", "text": "think it becomes very very significant,"}, {"start": "00:05:53", "end": "00:05:56", "text": "okay? So, this is good. Now, foundation"}, {"start": "00:05:55", "end": "00:05:58", "text": "buybacks from revenue exist, but are"}, {"start": "00:05:56", "end": "00:06:00", "text": "reinvested in the ecosystem not burned"}, {"start": "00:05:58", "end": "00:06:02", "text": "so far. Recent 99% content"}, {"start": "00:06:00", "end": "00:06:04", "text": "non-refundable storage fees lowers cost"}, {"start": "00:06:02", "end": "00:06:06", "text": "further, so. Now, the cons here of sui"}, {"start": "00:06:04", "end": "00:06:08", "text": "is that it'd be good to have more burns."}, {"start": "00:06:06", "end": "00:06:10", "text": "It'd be good to have a a clearer token"}, {"start": "00:06:08", "end": "00:06:13", "text": "model where they have much more uh"}, {"start": "00:06:10", "end": "00:06:15", "text": "velocity for burning up tokens and"}, {"start": "00:06:13", "end": "00:06:18", "text": "creating that stronger price floor. And"}, {"start": "00:06:15", "end": "00:06:21", "text": "the biggest worry for me, and why I may"}, {"start": "00:06:18", "end": "00:06:24", "text": "still at some point flip this into near,"}, {"start": "00:06:21", "end": "00:06:25", "text": "is 59% of the tokens are still in the"}, {"start": "00:06:24", "end": "00:06:28", "text": "hands of ECs, meaning there's going to"}, {"start": "00:06:25", "end": "00:06:32", "text": "be a non-stop dump fest on this for the"}, {"start": "00:06:28", "end": "00:06:33", "text": "next four years, which is problematic. I"}, {"start": "00:06:32", "end": "00:06:35", "text": "don't like that. That's the one thing"}, {"start": "00:06:33", "end": "00:06:36", "text": "that I I look at this and go, \"Hmm.\" So,"}, {"start": "00:06:35", "end": "00:06:39", "text": "this is more of a tactical position for"}, {"start": "00:06:36", "end": "00:06:40", "text": "me versus just a hold it forever and"}, {"start": "00:06:39", "end": "00:06:42", "text": "don't think about it kind of deal. So,"}, {"start": "00:06:40", "end": "00:06:43", "text": "real quick, 100,000 traders already open"}, {"start": "00:06:42", "end": "00:06:45", "text": "up this newsletter before the market"}, {"start": "00:06:43", "end": "00:06:47", "text": "opens. Are you one of them? The Lark"}, {"start": "00:06:45", "end": "00:06:48", "text": "Davis newsletter delivers the trade of"}, {"start": "00:06:47", "end": "00:06:50", "text": "the day, the chart of the day,"}, {"start": "00:06:48", "end": "00:06:51", "text": "market-moving alpha straight to your"}, {"start": "00:06:50", "end": "00:06:53", "text": "inbox before the moves happen, not"}, {"start": "00:06:51", "end": "00:06:56", "text": "after. Every week, 100,000 people get"}, {"start": "00:06:53", "end": "00:06:57", "text": "the trade idea before the crowd does."}, {"start": "00:06:56", "end": "00:06:59", "text": "You could be one of those people, for"}, {"start": "00:06:57", "end": "00:07:01", "text": "free. Or you could find out after it's"}, {"start": "00:06:59", "end": "00:07:03", "text": "already played out. no fluff, just the"}, {"start": "00:07:01", "end": "00:07:04", "text": "setups and information worth acting on."}, {"start": "00:07:03", "end": "00:07:06", "text": "You already know what's coming. This is"}, {"start": "00:07:04", "end": "00:07:08", "text": "the only newsletter that you need to"}, {"start": "00:07:06", "end": "00:07:10", "text": "keep your finger on the pulse and turn"}, {"start": "00:07:08", "end": "00:07:13", "text": "insight into action. You can join our"}, {"start": "00:07:10", "end": "00:07:15", "text": "100,000 weekly readers. Sign up for the"}, {"start": "00:07:13", "end": "00:07:19", "text": "Lark Davis newsletter now. It's free, by"}, {"start": "00:07:15", "end": "00:07:19", "text": "the way. Link down below. Go get it."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Most people want to get rich with a"}, {"start": "00:00:01", "end": "00:00:03", "text": "shitcoin, right?"}, {"start": "00:00:02", "end": "00:00:06", "text": ">> Mhm."}, {"start": "00:00:03", "end": "00:00:08", "text": ">> Well, if you go and put in the work and"}, {"start": "00:00:06", "end": "00:00:10", "text": "try to do something for this industry"}, {"start": "00:00:08", "end": "00:00:12", "text": "whose average quality is very low,"}, {"start": "00:00:10", "end": "00:00:14", "text": "whether it's in media or anything else,"}, {"start": "00:00:12", "end": "00:00:17", "text": "right? You have a chance still today,"}, {"start": "00:00:14", "end": "00:00:18", "text": "right? And if you do something valuable,"}, {"start": "00:00:17", "end": "00:00:21", "text": "it's an industry that has so much"}, {"start": "00:00:18", "end": "00:00:22", "text": "leverage and so much money that you will"}, {"start": "00:00:21", "end": "00:00:25", "text": "be It's not going to be too hard to"}, {"start": "00:00:22", "end": "00:00:27", "text": "stand out of a crowd because not only"}, {"start": "00:00:25", "end": "00:00:30", "text": "the quality is low for most things, but"}, {"start": "00:00:27", "end": "00:00:32", "text": "also people don't have uh longevity."}, {"start": "00:00:30", "end": "00:00:34", "text": "They just burn out. And if you just stay"}, {"start": "00:00:32", "end": "00:00:36", "text": "there and do quality stuff, you just"}, {"start": "00:00:34", "end": "00:00:39", "text": "outperform everyone else just by"}, {"start": "00:00:36", "end": "00:00:40", "text": "staying. And then the OGs, like the"}, {"start": "00:00:39", "end": "00:00:42", "text": "people like the Coinbases and the"}, {"start": "00:00:40", "end": "00:00:44", "text": "Bitwises and the Jupiters and all these"}, {"start": "00:00:42", "end": "00:00:46", "text": "guys, they will they'll see this this"}, {"start": "00:00:44", "end": "00:00:48", "text": "[�__�] is still here. He's one of"}, {"start": "00:00:46", "end": "00:00:50", "text": "us, right? And you become one of them"}, {"start": "00:00:48", "end": "00:00:54", "text": "just because you do quality and because"}, {"start": "00:00:50", "end": "00:00:54", "text": "you just stay, like, right?"}]

[{"start": "00:00:01", "end": "00:00:05", "text": "We're live. Welcome back, ladies and"}, {"start": "00:00:03", "end": "00:00:07", "text": "gentlemen."}, {"start": "00:00:05", "end": "00:00:10", "text": "Bitcoin crypto bouncing a little bit"}, {"start": "00:00:07", "end": "00:00:12", "text": "after yesterday's selloff. Even had a"}, {"start": "00:00:10", "end": "00:00:15", "text": "few million dollars Bitcoin ETF inflows."}, {"start": "00:00:12", "end": "00:00:18", "text": "Yay. We also got Tesla doing flying"}, {"start": "00:00:15", "end": "00:00:19", "text": "cars. Talking about Salana or Ethereum."}, {"start": "00:00:18", "end": "00:00:22", "text": "Which one should we choose if we're"}, {"start": "00:00:19", "end": "00:00:24", "text": "allocating capital? We got that and more"}, {"start": "00:00:22", "end": "00:00:26", "text": "in today's video. It's going to be a"}, {"start": "00:00:24", "end": "00:00:29", "text": "good one. Answering your questions of"}, {"start": "00:00:26", "end": "00:00:33", "text": "course as we go through as always. So,"}, {"start": "00:00:29", "end": "00:00:33", "text": "let's go. First and foremost,"}, {"start": "00:00:33", "end": "00:00:38", "text": "I like the vibe here. Uh D farmer said"}, {"start": "00:00:36", "end": "00:00:40", "text": "this said, \"Dear traditional finance"}, {"start": "00:00:38", "end": "00:00:41", "text": "investors, the economy is [�__�] and"}, {"start": "00:00:40", "end": "00:00:43", "text": "soon your positions will be too. Sitting"}, {"start": "00:00:41", "end": "00:00:44", "text": "on those unrealized profit and losses"}, {"start": "00:00:43", "end": "00:00:46", "text": "must be uncomfortable and deciding where"}, {"start": "00:00:44", "end": "00:00:48", "text": "to move next even more so. Although the"}, {"start": "00:00:46", "end": "00:00:49", "text": "better option is probably just to hide"}, {"start": "00:00:48", "end": "00:00:51", "text": "it under your effing mattress and"}, {"start": "00:00:49", "end": "00:00:52", "text": "investing in toilet paper and canned"}, {"start": "00:00:51", "end": "00:00:54", "text": "beans. Can I instead direct your"}, {"start": "00:00:52", "end": "00:00:59", "text": "attention to some bottomed out AAA dog"}, {"start": "00:00:54", "end": "00:00:59", "text": "and cat themed investment opportunity."}, {"start": "00:01:00", "end": "00:01:02", "text": "[laughter]"}, {"start": "00:01:02", "end": "00:01:08", "text": "Oh, the vibes right now. For real"}, {"start": "00:01:05", "end": "00:01:08", "text": "though, that's hilarious."}, {"start": "00:01:10", "end": "00:01:13", "text": "Yes."}, {"start": "00:01:12", "end": "00:01:16", "text": "Time to sell that sand disk and buy some"}, {"start": "00:01:13", "end": "00:01:18", "text": "cat coins, bro."}, {"start": "00:01:16", "end": "00:01:19", "text": ">> [laughter]"}, {"start": "00:01:18", "end": "00:01:21", "text": ">> Ah,"}, {"start": "00:01:19", "end": "00:01:24", "text": "it's it's right here, man. It's right"}, {"start": "00:01:21", "end": "00:01:26", "text": "here."}, {"start": "00:01:24", "end": "00:01:28", "text": "Ah, yeah. Hey, world economy is going"}, {"start": "00:01:26", "end": "00:01:30", "text": "crazy. A lot of, you know, war and death"}, {"start": "00:01:28", "end": "00:01:32", "text": "and destruction and things blowing up"}, {"start": "00:01:30", "end": "00:01:34", "text": "and oil infrastructure and inflation,"}, {"start": "00:01:32", "end": "00:01:36", "text": "blah blah blah blah. Just go buy some"}, {"start": "00:01:34", "end": "00:01:39", "text": "dog and cat coins. Your life will be"}, {"start": "00:01:36", "end": "00:01:41", "text": "better."}, {"start": "00:01:39", "end": "00:01:42", "text": "Uh, the Wolf of Crypto Streets posted"}, {"start": "00:01:41", "end": "00:01:43", "text": "this. At this rate, this dude will be"}, {"start": "00:01:42", "end": "00:01:44", "text": "left with nothing in a few years, and"}, {"start": "00:01:43", "end": "00:01:45", "text": "everyone cheering him on right now will"}, {"start": "00:01:44", "end": "00:01:47", "text": "abandon him. This is a response to this"}, {"start": "00:01:45", "end": "00:01:50", "text": "guy here, which I I have no idea who"}, {"start": "00:01:47", "end": "00:01:52", "text": "this cat is. I think he uh hit it big on"}, {"start": "00:01:50", "end": "00:01:55", "text": "Trump memecoin or something like that."}, {"start": "00:01:52", "end": "00:01:56", "text": "Anyway, doesn't matter. You know, uh"}, {"start": "00:01:55", "end": "00:01:58", "text": "he's out buying all the cool stuff,"}, {"start": "00:01:56", "end": "00:02:02", "text": "flying on the private jets. Oh, that's"}, {"start": "00:01:58", "end": "00:02:06", "text": "like a 300 $400,000 Rolex. That rainbow"}, {"start": "00:02:02", "end": "00:02:09", "text": "uh Daytona. Nice watch. Nice watch, man."}, {"start": "00:02:06", "end": "00:02:11", "text": "What is this? I guess giant uh super"}, {"start": "00:02:09", "end": "00:02:13", "text": "expensive dinners with your buddies."}, {"start": "00:02:11", "end": "00:02:16", "text": "giving everybody a Vanetta Bayga box"}, {"start": "00:02:13", "end": "00:02:19", "text": "there of gifts. Sweet cars. Got a couple"}, {"start": "00:02:16", "end": "00:02:21", "text": "Raris out there. Let's go. Now, what's"}, {"start": "00:02:19", "end": "00:02:23", "text": "interesting and I think it the sentiment"}, {"start": "00:02:21", "end": "00:02:24", "text": "is very real. And look, no shade on that"}, {"start": "00:02:23", "end": "00:02:25", "text": "guy at all. Spend your money wherever"}, {"start": "00:02:24", "end": "00:02:28", "text": "the hell you want to spend your money"}, {"start": "00:02:25", "end": "00:02:31", "text": "on. The thing is, this is not specific"}, {"start": "00:02:28", "end": "00:02:33", "text": "to this guy, but the thing is is that a"}, {"start": "00:02:31", "end": "00:02:35", "text": "lot of you have the chance of actually"}, {"start": "00:02:33", "end": "00:02:38", "text": "making some money. I know it doesn't"}, {"start": "00:02:35", "end": "00:02:39", "text": "seem like it right now, but it's true."}, {"start": "00:02:38", "end": "00:02:41", "text": "It happens. You might make money in"}, {"start": "00:02:39", "end": "00:02:43", "text": "crypto. You might even make a lot of"}, {"start": "00:02:41", "end": "00:02:46", "text": "money. In fact, regular people just like"}, {"start": "00:02:43", "end": "00:02:48", "text": "this dude here"}, {"start": "00:02:46", "end": "00:02:50", "text": "have made [�__�] tons of money in a very"}, {"start": "00:02:48", "end": "00:02:53", "text": "very very short amount of time. And when"}, {"start": "00:02:50", "end": "00:02:55", "text": "they've done that,"}, {"start": "00:02:53", "end": "00:02:58", "text": "well,"}, {"start": "00:02:55", "end": "00:02:59", "text": "usually people don't go and do the smart"}, {"start": "00:02:58", "end": "00:03:00", "text": "thing with all their money. And now"}, {"start": "00:02:59", "end": "00:03:02", "text": "look, maybe this guy's done smart thing"}, {"start": "00:03:00", "end": "00:03:05", "text": "with half's money. He's spending the"}, {"start": "00:03:02", "end": "00:03:07", "text": "other half on buying toys to have fun. I"}, {"start": "00:03:05", "end": "00:03:09", "text": "mean, dude, I get it. You're a young"}, {"start": "00:03:07", "end": "00:03:11", "text": "dude. I'd spend the money on some toys,"}, {"start": "00:03:09", "end": "00:03:12", "text": "too. Don't get me wrong, but the smart"}, {"start": "00:03:11", "end": "00:03:14", "text": "thing to do, you may get a giant win."}, {"start": "00:03:12", "end": "00:03:16", "text": "You make tens of millions of dollars in"}, {"start": "00:03:14", "end": "00:03:19", "text": "some memecoin or something like that."}, {"start": "00:03:16", "end": "00:03:20", "text": "You put some money in the NASDAQ, you"}, {"start": "00:03:19", "end": "00:03:23", "text": "put some money in some gold, you put"}, {"start": "00:03:20", "end": "00:03:24", "text": "some money in some real estate, you're"}, {"start": "00:03:23", "end": "00:03:26", "text": "set for life. No matter what else"}, {"start": "00:03:24", "end": "00:03:28", "text": "happens, take half your money and play,"}, {"start": "00:03:26", "end": "00:03:30", "text": "have fun, buy some stupid [�__�] gamble"}, {"start": "00:03:28", "end": "00:03:31", "text": "on some meme coins, throw, you know,"}, {"start": "00:03:30", "end": "00:03:34", "text": "trade burps, whatever you want to do,"}, {"start": "00:03:31", "end": "00:03:36", "text": "have a good time. But a lot of people"}, {"start": "00:03:34", "end": "00:03:37", "text": "will go through this similar mistake"}, {"start": "00:03:36", "end": "00:03:39", "text": "where they'll make a bunch of money and"}, {"start": "00:03:37", "end": "00:03:40", "text": "blow it all. seen so many stories like"}, {"start": "00:03:39", "end": "00:03:43", "text": "this where people make a bunch of money"}, {"start": "00:03:40", "end": "00:03:44", "text": "in crypto, a year later they're broke."}, {"start": "00:03:43", "end": "00:03:46", "text": "They've lost everything. They're right"}, {"start": "00:03:44", "end": "00:03:48", "text": "back to zero"}, {"start": "00:03:46", "end": "00:03:49", "text": "and now maybe it happens because of bad"}, {"start": "00:03:48", "end": "00:03:52", "text": "luck. You get hacked or something. Okay,"}, {"start": "00:03:49", "end": "00:03:54", "text": "it's a different story. But when you"}, {"start": "00:03:52", "end": "00:03:56", "text": "just blow all your money"}, {"start": "00:03:54", "end": "00:03:58", "text": "anyway,"}, {"start": "00:03:56", "end": "00:04:00", "text": "just a public service advisory"}, {"start": "00:03:58", "end": "00:04:02", "text": "announcement there from uh Uncle Lark."}, {"start": "00:04:00", "end": "00:04:04", "text": "Okay, Tesla, baby. Let's talk about"}, {"start": "00:04:02", "end": "00:04:06", "text": "flying cars. Yeah, that's the good [�__�]"}, {"start": "00:04:04", "end": "00:04:07", "text": "Let's go. Look at this. Look at this."}, {"start": "00:04:06", "end": "00:04:11", "text": "Look, he's probably seen his video by"}, {"start": "00:04:07", "end": "00:04:14", "text": "now. This is insane. 24 million views."}, {"start": "00:04:11", "end": "00:04:18", "text": "They got flying cars now, guys."}, {"start": "00:04:14", "end": "00:04:24", "text": "Oh, let's go. Let's go. Let's go. Yes."}, {"start": "00:04:18", "end": "00:04:24", "text": "Yes. Yes. Yes. Yes."}, {"start": "00:04:24", "end": "00:04:29", "text": "Oh,"}, {"start": "00:04:27", "end": "00:04:32", "text": "[snorts] it's completely unnecessary."}, {"start": "00:04:29", "end": "00:04:34", "text": "Great mark. Great marketing stunt, Elon."}, {"start": "00:04:32", "end": "00:04:36", "text": "I look I this is never going to pass any"}, {"start": "00:04:34", "end": "00:04:37", "text": "sort of road approval anywhere"}, {"start": "00:04:36", "end": "00:04:40", "text": "[laughter]"}, {"start": "00:04:37", "end": "00:04:43", "text": "for anybody in any country. But this is"}, {"start": "00:04:40", "end": "00:04:44", "text": "effing awesome. That's fun, man. Come"}, {"start": "00:04:43", "end": "00:04:47", "text": "on. It's fun. It's incredible marketing."}, {"start": "00:04:44", "end": "00:04:50", "text": "Everyone talking about Tesla. I I dig"}, {"start": "00:04:47", "end": "00:04:52", "text": "it, man. I dig it. Look, Tesla stocks"}, {"start": "00:04:50", "end": "00:04:53", "text": "only up a few. Come on, man. They"}, {"start": "00:04:52", "end": "00:04:54", "text": "released a freaking flying car and"}, {"start": "00:04:53", "end": "00:04:57", "text": "you're only going to put the stock up a"}, {"start": "00:04:54", "end": "00:04:59", "text": "few dollars. Think bigger people. Come"}, {"start": "00:04:57", "end": "00:05:01", "text": "on."}, {"start": "00:04:59", "end": "00:05:04", "text": "Oh my gosh. Oh, this is this one's"}, {"start": "00:05:01", "end": "00:05:06", "text": "pretty funny, too. I do this full screen"}, {"start": "00:05:04", "end": "00:05:08", "text": "back here so you can see the uh the"}, {"start": "00:05:06", "end": "00:05:10", "text": "captions here. This girl has saved about"}, {"start": "00:05:08", "end": "00:05:12", "text": "2 million one so far. This little girl"}, {"start": "00:05:10", "end": "00:05:14", "text": "right here. 2 million one. Wow. Am I"}, {"start": "00:05:12", "end": "00:05:18", "text": "invested invested [laughter]"}, {"start": "00:05:14", "end": "00:05:19", "text": "at all in SK Heinics? This little kid."}, {"start": "00:05:18", "end": "00:05:21", "text": "Oh, I actually do. You invest in stocks,"}, {"start": "00:05:19", "end": "00:05:22", "text": "too? [laughter]"}, {"start": "00:05:21", "end": "00:05:24", "text": "Back when I went to an English academy,"}, {"start": "00:05:22", "end": "00:05:26", "text": "there was a fourth grader I knew who was"}, {"start": "00:05:24", "end": "00:05:28", "text": "older than me. He said he did stock"}, {"start": "00:05:26", "end": "00:05:30", "text": "trading. And that's how I first heard"}, {"start": "00:05:28", "end": "00:05:32", "text": "about SKH Heinix."}, {"start": "00:05:30", "end": "00:05:35", "text": "A lot of young kids are in a stock these"}, {"start": "00:05:32", "end": "00:05:39", "text": "days. [laughter]"}, {"start": "00:05:35", "end": "00:05:40", "text": "By young kids, you mean your age."}, {"start": "00:05:39", "end": "00:05:41", "text": "She's like, I didn't expect this topic"}, {"start": "00:05:40", "end": "00:05:44", "text": "to come up. There's a kid in my class"}, {"start": "00:05:41", "end": "00:05:46", "text": "who owns uh one share of Samsung and"}, {"start": "00:05:44", "end": "00:05:48", "text": "five shares of SKH Highix. Five shares."}, {"start": "00:05:46", "end": "00:05:52", "text": "Wow. That's almost 5 million one. At"}, {"start": "00:05:48", "end": "00:05:52", "text": "least 5 million one."}, {"start": "00:05:54", "end": "00:06:00", "text": "This [laughter] is I mean, hey, you know"}, {"start": "00:05:56", "end": "00:06:02", "text": "what? This is awesome. These kids."}, {"start": "00:06:00", "end": "00:06:03", "text": "Come on, [laughter] man. These kids are"}, {"start": "00:06:02", "end": "00:06:05", "text": "all gonna be rich as [�__�] by the time"}, {"start": "00:06:03", "end": "00:06:07", "text": "they're 18. But oh my god, the financial"}, {"start": "00:06:05", "end": "00:06:10", "text": "genet starting soon. Take the phones"}, {"start": "00:06:07", "end": "00:06:13", "text": "away. Take the phones away, guys. It's"}, {"start": "00:06:10", "end": "00:06:17", "text": "getting crazy out here. It's getting"}, {"start": "00:06:13", "end": "00:06:17", "text": "crazy out here, man."}, {"start": "00:06:18", "end": "00:06:23", "text": "South Korea is the canary in the coal"}, {"start": "00:06:20", "end": "00:06:24", "text": "mine."}, {"start": "00:06:23", "end": "00:06:26", "text": "We're literally going to have kids"}, {"start": "00:06:24", "end": "00:06:29", "text": "completely liquidated by the age of like"}, {"start": "00:06:26", "end": "00:06:29", "text": "10."}, {"start": "00:06:29", "end": "00:06:34", "text": "Dude, it's H. Anyway, there's the"}, {"start": "00:06:32", "end": "00:06:38", "text": "there's there's the hot take fun stories"}, {"start": "00:06:34", "end": "00:06:40", "text": "for today. Bitcoin $82,600 coming up to"}, {"start": "00:06:38", "end": "00:06:44", "text": "the 20-day EMA. That's the yellow line"}, {"start": "00:06:40", "end": "00:06:46", "text": "on the chart there."}, {"start": "00:06:44", "end": "00:06:48", "text": "We need the price to get back over that."}, {"start": "00:06:46", "end": "00:06:52", "text": "Okay, that's our line. Now, we do have a"}, {"start": "00:06:48", "end": "00:06:55", "text": "potential bullish MACD crossover coming"}, {"start": "00:06:52", "end": "00:06:58", "text": "in the next few days if we don't, you"}, {"start": "00:06:55", "end": "00:06:59", "text": "know, keep nuking the charts, right? So,"}, {"start": "00:06:58", "end": "00:07:01", "text": "let's watch for this to play out. We"}, {"start": "00:06:59", "end": "00:07:03", "text": "need to see the price back above around"}, {"start": "00:07:01", "end": "00:07:06", "text": "basically $83,000."}, {"start": "00:07:03", "end": "00:07:09", "text": "Let's say 83,500. That's a comfortable"}, {"start": "00:07:06", "end": "00:07:11", "text": "close the daily there. That puts us on"}, {"start": "00:07:09", "end": "00:07:13", "text": "track to get a MACD uh bull cross in the"}, {"start": "00:07:11", "end": "00:07:15", "text": "next few days and we could see a nice"}, {"start": "00:07:13", "end": "00:07:17", "text": "little push in the market here."}, {"start": "00:07:15", "end": "00:07:19", "text": "Everything you've seen so far, all the"}, {"start": "00:07:17", "end": "00:07:21", "text": "pain and suffering that you may have"}, {"start": "00:07:19", "end": "00:07:22", "text": "experienced or seems like I go social"}, {"start": "00:07:21", "end": "00:07:23", "text": "media, everyone seems to lose their [�__�]"}, {"start": "00:07:22", "end": "00:07:25", "text": "minds all the time. I don't know why"}, {"start": "00:07:23", "end": "00:07:27", "text": "this is all totally cool and normal to"}, {"start": "00:07:25", "end": "00:07:30", "text": "me, but the world's ending. Lark,"}, {"start": "00:07:27", "end": "00:07:33", "text": "haven't you seen the news? Oh, believe"}, {"start": "00:07:30", "end": "00:07:35", "text": "me, I've seen the news. I've seen the"}, {"start": "00:07:33", "end": "00:07:36", "text": "news. And probably unlike most people, I"}, {"start": "00:07:35", "end": "00:07:37", "text": "am directly affected by a lot of this"}, {"start": "00:07:36", "end": "00:07:39", "text": "news more than most people might"}, {"start": "00:07:37", "end": "00:07:41", "text": "realize. I live in a very"}, {"start": "00:07:39", "end": "00:07:44", "text": "[clears throat] hot region. I've got my"}, {"start": "00:07:41", "end": "00:07:46", "text": "my wife's Russian, half Russian, half"}, {"start": "00:07:44", "end": "00:07:48", "text": "Ukrainian. Family on both sides of the"}, {"start": "00:07:46", "end": "00:07:52", "text": "conflict. Shit's happening. People are"}, {"start": "00:07:48", "end": "00:07:55", "text": "dying. It's [�__�] up. Okay, believe me."}, {"start": "00:07:52", "end": "00:07:59", "text": "Anyway,"}, {"start": "00:07:55", "end": "00:08:03", "text": "that aside, uh,"}, {"start": "00:07:59", "end": "00:08:03", "text": "50-day EMA bounce."}, {"start": "00:08:04", "end": "00:08:08", "text": "Pretty normal. Pretty normal stuff."}, {"start": "00:08:06", "end": "00:08:11", "text": "Everybody loses their minds, but hey,"}, {"start": "00:08:08", "end": "00:08:13", "text": "50-day EMA bounce, baby. Let's go."}, {"start": "00:08:11", "end": "00:08:15", "text": "Pretty normal stuff. Every bull market"}, {"start": "00:08:13", "end": "00:08:17", "text": "climbs the wall of worry. It's such a"}, {"start": "00:08:15", "end": "00:08:20", "text": "true statement, man, because everybody's"}, {"start": "00:08:17", "end": "00:08:21", "text": "always freaking out in markets basically"}, {"start": "00:08:20", "end": "00:08:23", "text": "nonstop."}, {"start": "00:08:21", "end": "00:08:24", "text": "In fact, the majority of market"}, {"start": "00:08:23", "end": "00:08:26", "text": "participants are like monkeys running"}, {"start": "00:08:24", "end": "00:08:27", "text": "around with dicks cut off. Okay? Or"}, {"start": "00:08:26", "end": "00:08:29", "text": "chickens with heads cut off, whatever,"}, {"start": "00:08:27", "end": "00:08:32", "text": "one of those things. Anyway, you know"}, {"start": "00:08:29", "end": "00:08:34", "text": "what I'm saying? But here you go. Two"}, {"start": "00:08:32", "end": "00:08:35", "text": "steps forward, one step back. That's"}, {"start": "00:08:34", "end": "00:08:37", "text": "what we keep saying. Two steps forward,"}, {"start": "00:08:35", "end": "00:08:38", "text": "one step back. Nobody likes one step"}, {"start": "00:08:37", "end": "00:08:40", "text": "back, do they? Everybody loses their"}, {"start": "00:08:38", "end": "00:08:43", "text": "minds. Anyway, this is normal. I like"}, {"start": "00:08:40", "end": "00:08:45", "text": "this. I like this, man."}, {"start": "00:08:43", "end": "00:08:47", "text": "[sighs and gasps]"}, {"start": "00:08:45", "end": "00:08:50", "text": "Good stuff. Nice little bounce here at"}, {"start": "00:08:47", "end": "00:08:54", "text": "80K. The trick now, get back over the"}, {"start": "00:08:50", "end": "00:08:56", "text": "20-day EMA. Don't close daily candles"}, {"start": "00:08:54", "end": "00:08:57", "text": "under the 50-day EMA. If so, we're in a"}, {"start": "00:08:56", "end": "00:09:00", "text": "little more trouble. We're going back to"}, {"start": "00:08:57", "end": "00:09:02", "text": "75K. That's probably"}, {"start": "00:09:00", "end": "00:09:06", "text": "what's going to play out here. Anyway,"}, {"start": "00:09:02", "end": "00:09:08", "text": "this guy right here, 50 billion AUM"}, {"start": "00:09:06", "end": "00:09:10", "text": "Wellington Altus says Bitcoin is"}, {"start": "00:09:08", "end": "00:09:12", "text": "entering a generational super cycle."}, {"start": "00:09:10", "end": "00:09:14", "text": "Stop saying the super cycle word. Cut it"}, {"start": "00:09:12", "end": "00:09:16", "text": "out. He said, \"I can't believe there's"}, {"start": "00:09:14", "end": "00:09:20", "text": "still people whipping this thing around"}, {"start": "00:09:16", "end": "00:09:24", "text": "83,000 and 86,000. Where does this go?"}, {"start": "00:09:20", "end": "00:09:28", "text": "God only knows, but it's due north.\" Da"}, {"start": "00:09:24", "end": "00:09:30", "text": "da da da. Good, good, good. Higher."}, {"start": "00:09:28", "end": "00:09:32", "text": "Higher. Of course, this guy's on Bitcoin"}, {"start": "00:09:30", "end": "00:09:34", "text": "magazine TV, so of course he's going to"}, {"start": "00:09:32", "end": "00:09:35", "text": "be preaching the good gospel that the"}, {"start": "00:09:34", "end": "00:09:37", "text": "number is going to go up, but that's a"}, {"start": "00:09:35", "end": "00:09:40", "text": "gospel I like to hear."}, {"start": "00:09:37", "end": "00:09:42", "text": "Bitwise CEO Matt Hugan says whether the"}, {"start": "00:09:40", "end": "00:09:45", "text": "economy faces rate hikes or inflation or"}, {"start": "00:09:42", "end": "00:09:47", "text": "recession or an AI boom, nearly every"}, {"start": "00:09:45", "end": "00:09:51", "text": "macro scenario ends at Bitcoin higher,"}, {"start": "00:09:47", "end": "00:09:53", "text": "all roads lead to Bitcoin higher, baby."}, {"start": "00:09:51", "end": "00:09:54", "text": "Just the patience game. Oh, but you"}, {"start": "00:09:53", "end": "00:09:55", "text": "don't want to be patient. You want to"}, {"start": "00:09:54", "end": "00:09:57", "text": "buy the cat coin and can be a"}, {"start": "00:09:55", "end": "00:10:00", "text": "millionaire overnight so you can go buy"}, {"start": "00:09:57", "end": "00:10:03", "text": "[�__�] uh Ferraris and fly in private"}, {"start": "00:10:00", "end": "00:10:03", "text": "jets."}, {"start": "00:10:03", "end": "00:10:08", "text": "Bitcoin is not a get-richquick scheme."}, {"start": "00:10:05", "end": "00:10:10", "text": "It's a don't go broke slow scheme. And"}, {"start": "00:10:08", "end": "00:10:12", "text": "the rest of the crypto stuff, dubious"}, {"start": "00:10:10", "end": "00:10:14", "text": "speculation on all kinds of fun things"}, {"start": "00:10:12", "end": "00:10:16", "text": "in the market. We love doing that. I"}, {"start": "00:10:14", "end": "00:10:18", "text": "love speculating on altcoins. But you"}, {"start": "00:10:16", "end": "00:10:20", "text": "have to understand, we basically have"}, {"start": "00:10:18", "end": "00:10:21", "text": "two different asset classes coexisting"}, {"start": "00:10:20", "end": "00:10:22", "text": "with the same technology. You have"}, {"start": "00:10:21", "end": "00:10:25", "text": "Bitcoin and then you have everything"}, {"start": "00:10:22", "end": "00:10:26", "text": "else. The everything else category can"}, {"start": "00:10:25", "end": "00:10:28", "text": "be a great place to make a [�__�] ton of"}, {"start": "00:10:26", "end": "00:10:30", "text": "money and a great place to lose a [�__�]"}, {"start": "00:10:28", "end": "00:10:34", "text": "ton of money. Having done both, I know"}, {"start": "00:10:30", "end": "00:10:36", "text": "how it feels. Oh boy. Anyway, Sam Price"}, {"start": "00:10:34", "end": "00:10:38", "text": "posted this. Yields in the dollar just"}, {"start": "00:10:36", "end": "00:10:42", "text": "eased slipped off an 18-month high near"}, {"start": "00:10:38", "end": "00:10:44", "text": "103. The 10-year yield fell toward 5.09%"}, {"start": "00:10:42", "end": "00:10:46", "text": "multi-week lows. Think actually went"}, {"start": "00:10:44", "end": "00:10:48", "text": "lower after he posted this as the CPI"}, {"start": "00:10:46", "end": "00:10:50", "text": "shock faded. Fed speakers tempered hike"}, {"start": "00:10:48", "end": "00:10:52", "text": "bets softer DXY falling yields usually"}, {"start": "00:10:50", "end": "00:10:57", "text": "help liquidity for risk assets including"}, {"start": "00:10:52", "end": "00:11:01", "text": "BTC macro whiplash day. Yo, let's go."}, {"start": "00:10:57", "end": "00:11:04", "text": "Uh Mr. Mpodcast.com posting this. $5.1"}, {"start": "00:11:01", "end": "00:11:07", "text": "million of Bitcoin ETF inflows. A truly"}, {"start": "00:11:04", "end": "00:11:09", "text": "pathetic and anemic inflow day."}, {"start": "00:11:07", "end": "00:11:11", "text": "Just chopping. We've been saying this"}, {"start": "00:11:09", "end": "00:11:13", "text": "for a couple weeks now. Have some big"}, {"start": "00:11:11", "end": "00:11:15", "text": "outflow days. Have some big inflow days."}, {"start": "00:11:13", "end": "00:11:17", "text": "Have some pretty anemic looking days. 21"}, {"start": "00:11:15", "end": "00:11:19", "text": "million in, 65 million out. These are"}, {"start": "00:11:17", "end": "00:11:20", "text": "these are nothing. These are irrelevant"}, {"start": "00:11:19", "end": "00:11:22", "text": "numbers. We have no clear direction from"}, {"start": "00:11:20", "end": "00:11:25", "text": "the ETFs right now. Let's just put it"}, {"start": "00:11:22", "end": "00:11:28", "text": "that way. We're back to losing some more"}, {"start": "00:11:25", "end": "00:11:29", "text": "money. I mean I [laughter] mean traing"}, {"start": "00:11:28", "end": "00:11:31", "text": "some coins and making generational"}, {"start": "00:11:29", "end": "00:11:33", "text": "wealth. Uh look, the Bitcoin long is"}, {"start": "00:11:31", "end": "00:11:35", "text": "still open and I still think that can"}, {"start": "00:11:33", "end": "00:11:36", "text": "stay open."}, {"start": "00:11:35", "end": "00:11:38", "text": "Let's see how it goes. As long as we"}, {"start": "00:11:36", "end": "00:11:40", "text": "don't close under that 50-day EMA, this"}, {"start": "00:11:38", "end": "00:11:43", "text": "is going to be a good trade and we'll"}, {"start": "00:11:40", "end": "00:11:44", "text": "get that 97k price target. It might take"}, {"start": "00:11:43", "end": "00:11:48", "text": "longer than you think to play out. could"}, {"start": "00:11:44", "end": "00:11:50", "text": "take a few weeks or waiting. ETH longed"}, {"start": "00:11:48", "end": "00:11:52", "text": "the dump the other day. We're up"}, {"start": "00:11:50", "end": "00:11:54", "text": "currently unrealized profits and loss."}, {"start": "00:11:52", "end": "00:11:57", "text": "Sooie"}, {"start": "00:11:54", "end": "00:12:00", "text": "stopped out by a [�__�] fraction of a"}, {"start": "00:11:57", "end": "00:12:01", "text": "penny, man. H"}, {"start": "00:12:00", "end": "00:12:03", "text": "back at it. Screw it. [�__�] it. Let's"}, {"start": "00:12:01", "end": "00:12:05", "text": "make let's gamble. Let's make some"}, {"start": "00:12:03", "end": "00:12:06", "text": "money. Uh and unis swap long on that"}, {"start": "00:12:05", "end": "00:12:11", "text": "currently as well. Let's give away a"}, {"start": "00:12:06", "end": "00:12:12", "text": "thousand bucks. Who's gonna win $1,000?"}, {"start": "00:12:11", "end": "00:12:15", "text": "If you want to join trading over on"}, {"start": "00:12:12", "end": "00:12:19", "text": "Bituix, there's a link down below. Go"}, {"start": "00:12:15", "end": "00:12:21", "text": "get signed up. Deposit SIMUSDT"}, {"start": "00:12:19", "end": "00:12:23", "text": "trade. You'll be to win a,000 bucks just"}, {"start": "00:12:21", "end": "00:12:24", "text": "like this guy's about to win a,000"}, {"start": "00:12:23", "end": "00:12:26", "text": "bucks. And here's the deal. Available to"}, {"start": "00:12:24", "end": "00:12:27", "text": "anyone, anywhere. You can trade all your"}, {"start": "00:12:26", "end": "00:12:29", "text": "favorite markets using cryptonative"}, {"start": "00:12:27", "end": "00:12:31", "text": "rails. Uh you aticloud.com."}, {"start": "00:12:29", "end": "00:12:33", "text": "Congratulations. You won $1,000. Don't"}, {"start": "00:12:31", "end": "00:12:35", "text": "spend it all in one place or spend it"}, {"start": "00:12:33", "end": "00:12:37", "text": "all in one place. Up to you. Have fun."}, {"start": "00:12:35", "end": "00:12:40", "text": "Anyway, besides the point, here's the"}, {"start": "00:12:37", "end": "00:12:41", "text": "thing. You can trade crypto, all your"}, {"start": "00:12:40", "end": "00:12:42", "text": "favorite coins. They got the big"}, {"start": "00:12:41", "end": "00:12:43", "text": "liquidity. They got all the big coins."}, {"start": "00:12:42", "end": "00:12:44", "text": "They got what you want to trade, right?"}, {"start": "00:12:43", "end": "00:12:46", "text": "I'll mostly trade the big coins. They"}, {"start": "00:12:44", "end": "00:12:49", "text": "also list some more exotic altcoins if"}, {"start": "00:12:46", "end": "00:12:51", "text": "you're feeling like that."}, {"start": "00:12:49", "end": "00:12:53", "text": "They got stocks. They got stock indexes."}, {"start": "00:12:51", "end": "00:12:54", "text": "You want to trade the QQQ? You want to"}, {"start": "00:12:53", "end": "00:12:57", "text": "trade Amazon? You want to trade Tesla?"}, {"start": "00:12:54", "end": "00:13:00", "text": "They got you covered. They got metals,"}, {"start": "00:12:57", "end": "00:13:01", "text": "silver, gold, they got commodities. Oh,"}, {"start": "00:13:00", "end": "00:13:02", "text": "you want to trade the price of oil? You"}, {"start": "00:13:01", "end": "00:13:04", "text": "think you know what's going on straight"}, {"start": "00:13:02", "end": "00:13:05", "text": "horses? Put your money on the table."}, {"start": "00:13:04", "end": "00:13:07", "text": "Link down below. Go check it out and be"}, {"start": "00:13:05", "end": "00:13:09", "text": "in to win our giveaway next week where"}, {"start": "00:13:07", "end": "00:13:10", "text": "we're giving away their 5,000 bucks next"}, {"start": "00:13:09", "end": "00:13:11", "text": "week. got to in it to win it, which"}, {"start": "00:13:10", "end": "00:13:13", "text": "means click the link down below, start"}, {"start": "00:13:11", "end": "00:13:16", "text": "your account, deposit USDT, make a"}, {"start": "00:13:13", "end": "00:13:18", "text": "trade. It's that simple. Continuing."}, {"start": "00:13:16", "end": "00:13:19", "text": "Continuing Matthew Highland. The"}, {"start": "00:13:18", "end": "00:13:21", "text": "underlying altcoin data is shifting for"}, {"start": "00:13:19", "end": "00:13:23", "text": "the first time in years. The writing is"}, {"start": "00:13:21", "end": "00:13:25", "text": "on the wall. Median altcoin returns"}, {"start": "00:13:23", "end": "00:13:27", "text": "against BTC's best performance since"}, {"start": "00:13:25", "end": "00:13:31", "text": "April 2024, over two and a half years"}, {"start": "00:13:27", "end": "00:13:33", "text": "ago. Look at this"}, {"start": "00:13:31", "end": "00:13:37", "text": "crazy"}, {"start": "00:13:33", "end": "00:13:39", "text": "man. Let's go. Uh, what happened to your"}, {"start": "00:13:37", "end": "00:13:42", "text": "Salana position? stopped out. I mean, my"}, {"start": "00:13:39", "end": "00:13:43", "text": "spot bags, you know, massive and it's my"}, {"start": "00:13:42", "end": "00:13:48", "text": "second biggest holding in my portfolio,"}, {"start": "00:13:43", "end": "00:13:53", "text": "but my uh Salana trade stopped out."}, {"start": "00:13:48", "end": "00:13:56", "text": "I have six kids. Oh my god."}, {"start": "00:13:53", "end": "00:13:59", "text": "Oh my god. I got three. It's crazy, man."}, {"start": "00:13:56", "end": "00:14:01", "text": "Six. Bro, you need like a prize or"}, {"start": "00:13:59", "end": "00:14:04", "text": "something."}, {"start": "00:14:01", "end": "00:14:05", "text": "Where's my Lambo?"}, {"start": "00:14:04", "end": "00:14:09", "text": "You'll get two. You'll get two. Just"}, {"start": "00:14:05", "end": "00:14:12", "text": "hold on. It's going to be okay."}, {"start": "00:14:09", "end": "00:14:12", "text": "Oh boy."}, {"start": "00:14:16", "end": "00:14:20", "text": "Have you seen the delusion of the Hex"}, {"start": "00:14:18", "end": "00:14:24", "text": "Pulse people on socials? Oh my gosh."}, {"start": "00:14:20", "end": "00:14:27", "text": "Look. Yeah, that's uh Hex Pulse founder"}, {"start": "00:14:24", "end": "00:14:29", "text": "Richard Hart was apparently arrested in"}, {"start": "00:14:27", "end": "00:14:34", "text": "uh Istanbul the other day. And look,"}, {"start": "00:14:29", "end": "00:14:35", "text": "I've long been a critic of X and Pulse."}, {"start": "00:14:34", "end": "00:14:37", "text": "I can't believe you guys gave Richard"}, {"start": "00:14:35", "end": "00:14:39", "text": "Hart a billion dollars and then what's"}, {"start": "00:14:37", "end": "00:14:40", "text": "he do? He goes and buy watches and"}, {"start": "00:14:39", "end": "00:14:43", "text": "diamonds and flaunts spending your money"}, {"start": "00:14:40", "end": "00:14:46", "text": "in your face. It's crazy [�__�] man."}, {"start": "00:14:43", "end": "00:14:50", "text": "Anyway, uh look, I've never had any time"}, {"start": "00:14:46", "end": "00:14:53", "text": "for Richard or for Hex or Pulse and some"}, {"start": "00:14:50", "end": "00:14:55", "text": "of the just mental gymnastics, but but"}, {"start": "00:14:53", "end": "00:14:56", "text": "it's a cult. It's a cult-like following."}, {"start": "00:14:55", "end": "00:14:58", "text": "This is the thing. And you see these"}, {"start": "00:14:56", "end": "00:15:00", "text": "cults form around some financial assets"}, {"start": "00:14:58", "end": "00:15:03", "text": "and it's it's kind of concerning"}, {"start": "00:15:00", "end": "00:15:06", "text": "sometimes to be honest because"}, {"start": "00:15:03", "end": "00:15:08", "text": "like man you guys gave Richard Hart a"}, {"start": "00:15:06", "end": "00:15:11", "text": "billion dollars."}, {"start": "00:15:08", "end": "00:15:13", "text": "[�__�] But it's okay. It was it's you"}, {"start": "00:15:11", "end": "00:15:16", "text": "weren't investing. It was a sacrifice"}, {"start": "00:15:13", "end": "00:15:17", "text": "which means it was a gift, I guess. Uh"}, {"start": "00:15:16", "end": "00:15:18", "text": "anyway, Finland uh would like to have"}, {"start": "00:15:17", "end": "00:15:20", "text": "some of that tax money for all"}, {"start": "00:15:18", "end": "00:15:22", "text": "[laughter] that [�__�] you guys gave him."}, {"start": "00:15:20", "end": "00:15:23", "text": "Gift or not, he still owes hundreds of"}, {"start": "00:15:22", "end": "00:15:25", "text": "millions of dollars in taxes on that"}, {"start": "00:15:23", "end": "00:15:27", "text": "apparently. also guess he beat up some"}, {"start": "00:15:25", "end": "00:15:29", "text": "16-year-old kid. That's the allegation."}, {"start": "00:15:27", "end": "00:15:32", "text": "Anyway, I don't know about any of that,"}, {"start": "00:15:29", "end": "00:15:35", "text": "but just guys, come on. You know,"}, {"start": "00:15:32", "end": "00:15:37", "text": "sometimes like I know we're investing in"}, {"start": "00:15:35", "end": "00:15:40", "text": "crypto. There's some crazy stuff, but"}, {"start": "00:15:37", "end": "00:15:44", "text": "jeez Louise, the some of the way places"}, {"start": "00:15:40", "end": "00:15:44", "text": "you guys put your money, man."}, {"start": "00:15:47", "end": "00:15:50", "text": "Hi, Mr. Locker. We're very grateful if"}, {"start": "00:15:49", "end": "00:15:52", "text": "you open up my text message. I've been"}, {"start": "00:15:50", "end": "00:15:54", "text": "texting for a while now. Please respond"}, {"start": "00:15:52", "end": "00:15:57", "text": "to me. I have no idea who you are, Lulu"}, {"start": "00:15:54", "end": "00:15:59", "text": "FX. I've never talked to you ever in my"}, {"start": "00:15:57", "end": "00:16:01", "text": "life before. And here's here's another"}, {"start": "00:15:59", "end": "00:16:04", "text": "PSA for you guys. I will never message"}, {"start": "00:16:01", "end": "00:16:05", "text": "you. I will never text you. I will never"}, {"start": "00:16:04", "end": "00:16:07", "text": "DM you. I will certainly never be"}, {"start": "00:16:05", "end": "00:16:08", "text": "offering you any like investment"}, {"start": "00:16:07", "end": "00:16:10", "text": "opportunities like, \"Hey, let me do some"}, {"start": "00:16:08", "end": "00:16:12", "text": "trading for you.\" Nope. Scam. Hey, let"}, {"start": "00:16:10", "end": "00:16:15", "text": "me do some Bitcoin mining for you. Nope."}, {"start": "00:16:12", "end": "00:16:17", "text": "Scam. Okay. If I DM you on Discord, I DM"}, {"start": "00:16:15", "end": "00:16:19", "text": "you on Telegram, that's a scam. You're"}, {"start": "00:16:17", "end": "00:16:21", "text": "being scammed. It's not just people"}, {"start": "00:16:19", "end": "00:16:22", "text": "impersonating me. A lot of your favorite"}, {"start": "00:16:21", "end": "00:16:25", "text": "crypto guys are going to be being"}, {"start": "00:16:22", "end": "00:16:28", "text": "impersonated too. Whether it be, you"}, {"start": "00:16:25", "end": "00:16:29", "text": "know, Coin Bureau or Crypto Us or"}, {"start": "00:16:28", "end": "00:16:30", "text": "Altcoin Daily, they all have"}, {"start": "00:16:29", "end": "00:16:32", "text": "impersonators."}, {"start": "00:16:30", "end": "00:16:34", "text": "Stop giving your money away to scammers,"}, {"start": "00:16:32", "end": "00:16:37", "text": "guys. Please. Okay? No one's going to be"}, {"start": "00:16:34", "end": "00:16:39", "text": "out here trading your coins for you,"}, {"start": "00:16:37", "end": "00:16:41", "text": "okay? No one's going to be out here"}, {"start": "00:16:39", "end": "00:16:42", "text": "doing Bitcoin mining for you. People are"}, {"start": "00:16:41", "end": "00:16:44", "text": "asking you to deposit money on some"}, {"start": "00:16:42", "end": "00:16:46", "text": "rando [�__�] exchange no one's ever heard"}, {"start": "00:16:44", "end": "00:16:49", "text": "of. You're getting scammed. You're"}, {"start": "00:16:46", "end": "00:16:50", "text": "getting scammed. Okay? Please stop. I"}, {"start": "00:16:49", "end": "00:16:52", "text": "hope that hasn't happened to you, but"}, {"start": "00:16:50", "end": "00:16:57", "text": "I've never heard of you. I never talked"}, {"start": "00:16:52", "end": "00:16:57", "text": "to you. Okay. Uh, continuing."}, {"start": "00:17:07", "end": "00:17:09", "text": "Lark, I know you heard about the Vlad."}, {"start": "00:17:08", "end": "00:17:11", "text": "We talked about that when it happened."}, {"start": "00:17:09", "end": "00:17:14", "text": "Have they been Have they been beefing"}, {"start": "00:17:11", "end": "00:17:18", "text": "more? The beef. [laughter]"}, {"start": "00:17:14", "end": "00:17:20", "text": "The beef. BTC for a kidney. We got the"}, {"start": "00:17:18", "end": "00:17:23", "text": "beef, we got the kidneys, we got it all,"}, {"start": "00:17:20", "end": "00:17:26", "text": "guys. We're a diverse show today. Let's"}, {"start": "00:17:23", "end": "00:17:26", "text": "continue."}, {"start": "00:17:26", "end": "00:17:31", "text": "Oh boy. Hey, co the caller. I wanted to"}, {"start": "00:17:29", "end": "00:17:32", "text": "share this because it's the right"}, {"start": "00:17:31", "end": "00:17:34", "text": "sentiment. So, we're historically in the"}, {"start": "00:17:32", "end": "00:17:35", "text": "best quarter for Bitcoin. We just swept"}, {"start": "00:17:34", "end": "00:17:36", "text": "range lows, bounced perfectly at top"}, {"start": "00:17:35", "end": "00:17:38", "text": "altcoins at deep corrections in some"}, {"start": "00:17:36", "end": "00:17:40", "text": "cases tested major support. We talked"}, {"start": "00:17:38", "end": "00:17:41", "text": "about that, okay? The 50 and 200 EMAs"}, {"start": "00:17:40", "end": "00:17:43", "text": "that some of the stuff tested. Crazy"}, {"start": "00:17:41", "end": "00:17:45", "text": "stuff. Said we had all the bearish news"}, {"start": "00:17:43", "end": "00:17:49", "text": "possible. AI, quantum threat, ledger"}, {"start": "00:17:45", "end": "00:17:51", "text": "hacks, war escalation, CPI, PPI. It's"}, {"start": "00:17:49", "end": "00:17:52", "text": "terrible. It's off the charts. Bears had"}, {"start": "00:17:51", "end": "00:17:53", "text": "everything to push the price"}, {"start": "00:17:52", "end": "00:17:56", "text": "significantly lower. And this is the"}, {"start": "00:17:53", "end": "00:17:58", "text": "best they could do. We in fact still"}, {"start": "00:17:56", "end": "00:17:59", "text": "held strong. We did. Once the bad news"}, {"start": "00:17:58", "end": "00:18:01", "text": "are out of the way, we have less impact"}, {"start": "00:17:59", "end": "00:18:02", "text": "on the markets today. Bad news equals"}, {"start": "00:18:01", "end": "00:18:04", "text": "pump. My experience nine out of 10 times"}, {"start": "00:18:02", "end": "00:18:06", "text": "means the macro bottom is in. We're"}, {"start": "00:18:04", "end": "00:18:08", "text": "approaching midterms as well. Always"}, {"start": "00:18:06", "end": "00:18:09", "text": "good catalyst. Presidents like to have"}, {"start": "00:18:08", "end": "00:18:13", "text": "stocks and crypto pumping into an"}, {"start": "00:18:09", "end": "00:18:15", "text": "election. Yep. Yep. for doodles"}, {"start": "00:18:13", "end": "00:18:17", "text": "post says total crypto market cap still"}, {"start": "00:18:15", "end": "00:18:18", "text": "blows to your average with a by the way"}, {"start": "00:18:17", "end": "00:18:21", "text": "just to add again that context we shared"}, {"start": "00:18:18", "end": "00:18:24", "text": "the other day the total crypto market"}, {"start": "00:18:21", "end": "00:18:27", "text": "cap monthly MACD an extremely slowm"}, {"start": "00:18:24", "end": "00:18:28", "text": "moving titanic like signal it's probably"}, {"start": "00:18:27", "end": "00:18:30", "text": "three to four months away from"}, {"start": "00:18:28", "end": "00:18:34", "text": "confirming every time it's confirmed"}, {"start": "00:18:30", "end": "00:18:36", "text": "before it's led to about 18 to 24 months"}, {"start": "00:18:34", "end": "00:18:38", "text": "of massive market performance now has"}, {"start": "00:18:36", "end": "00:18:39", "text": "not confirmed yet world war II can still"}, {"start": "00:18:38", "end": "00:18:41", "text": "happen they can start dropping nukes I"}, {"start": "00:18:39", "end": "00:18:43", "text": "don't know the [�__�] world exposed The"}, {"start": "00:18:41", "end": "00:18:45", "text": "plague happens, aliens invade, and then"}, {"start": "00:18:43", "end": "00:18:46", "text": "the four-year cycle bros be out here be"}, {"start": "00:18:45", "end": "00:18:48", "text": "like, \"Bro, I told you this was going to"}, {"start": "00:18:46", "end": "00:18:50", "text": "happen. Like, shut up. No, you had no"}, {"start": "00:18:48", "end": "00:18:54", "text": "idea this was coming. Stop it.\" Anyway,"}, {"start": "00:18:50", "end": "00:18:57", "text": "here's the deal. Here's the deal, guys."}, {"start": "00:18:54", "end": "00:18:59", "text": "We're still below the 2-year average,"}, {"start": "00:18:57", "end": "00:19:01", "text": "but the window of opportunity is"}, {"start": "00:18:59", "end": "00:19:03", "text": "closing."}, {"start": "00:19:01", "end": "00:19:06", "text": "Yep. I think there's probably still a"}, {"start": "00:19:03", "end": "00:19:08", "text": "few months left for some really high"}, {"start": "00:19:06", "end": "00:19:10", "text": "riskreward"}, {"start": "00:19:08", "end": "00:19:11", "text": "accumulation,"}, {"start": "00:19:10", "end": "00:19:13", "text": "right? Right. So, the risk relatively"}, {"start": "00:19:11", "end": "00:19:15", "text": "low buying at the prices you're buying."}, {"start": "00:19:13", "end": "00:19:18", "text": "A lot of these things just come off like"}, {"start": "00:19:15", "end": "00:19:21", "text": "all-time lows or massive lows recently."}, {"start": "00:19:18", "end": "00:19:23", "text": "And the upside"}, {"start": "00:19:21", "end": "00:19:25", "text": "if the total crypto market cap breakout"}, {"start": "00:19:23", "end": "00:19:27", "text": "happens, which we were predicting that"}, {"start": "00:19:25", "end": "00:19:30", "text": "that's going to be potentially a 200%"}, {"start": "00:19:27", "end": "00:19:33", "text": "move, for example,"}, {"start": "00:19:30", "end": "00:19:36", "text": "if that plays out, huge, huge money to"}, {"start": "00:19:33", "end": "00:19:39", "text": "be made. Anyway, continue."}, {"start": "00:19:36", "end": "00:19:41", "text": "El Crypto Prof, the mustache man himself"}, {"start": "00:19:39", "end": "00:19:44", "text": "said, \"Don't you find these similarities"}, {"start": "00:19:41", "end": "00:19:46", "text": "to 2020 2021 fascinating?\" I find them"}, {"start": "00:19:44", "end": "00:19:48", "text": "fascinating. El Crypto Prof. Total 2 is"}, {"start": "00:19:46", "end": "00:19:51", "text": "just getting started here and will rise"}, {"start": "00:19:48", "end": "00:19:53", "text": "much higher. Look at these charts. Look"}, {"start": "00:19:51", "end": "00:19:55", "text": "at these charts, guys. And look at this."}, {"start": "00:19:53", "end": "00:19:57", "text": "The Livermore speculative chart. I love"}, {"start": "00:19:55", "end": "00:19:58", "text": "it. Great chart. How are we not doing"}, {"start": "00:19:57", "end": "00:20:02", "text": "the Livermore right at this exact"}, {"start": "00:19:58", "end": "00:20:05", "text": "moment? I look at it. It's effing nuts."}, {"start": "00:20:02", "end": "00:20:07", "text": "Come on, man. Seriously. And when we"}, {"start": "00:20:05", "end": "00:20:10", "text": "break out of this, let's just call it an"}, {"start": "00:20:07", "end": "00:20:12", "text": "ice cream cone, we're going to explode"}, {"start": "00:20:10", "end": "00:20:14", "text": "higher."}, {"start": "00:20:12", "end": "00:20:15", "text": "That's how things have worked before."}, {"start": "00:20:14", "end": "00:20:18", "text": "That's how you can see it worked back"}, {"start": "00:20:15", "end": "00:20:19", "text": "here where we had the consolidation,"}, {"start": "00:20:18", "end": "00:20:21", "text": "breakout, boom, massive move,"}, {"start": "00:20:19", "end": "00:20:23", "text": "consolidation, breakout, boom, massive"}, {"start": "00:20:21", "end": "00:20:25", "text": "move. The thing though, that move is"}, {"start": "00:20:23", "end": "00:20:27", "text": "going to be like a 7 to10 trillion move."}, {"start": "00:20:25", "end": "00:20:29", "text": "This is again uh the total crypto market"}, {"start": "00:20:27", "end": "00:20:32", "text": "cap excluding BTC. So this is the total"}, {"start": "00:20:29", "end": "00:20:36", "text": "one. Uh Quinda was talking about the"}, {"start": "00:20:32", "end": "00:20:38", "text": "total cap there. Anyway, but you got to"}, {"start": "00:20:36", "end": "00:20:39", "text": "be in it to win it. And I know a lot of"}, {"start": "00:20:38", "end": "00:20:44", "text": "you guys are still making some crazy"}, {"start": "00:20:39", "end": "00:20:46", "text": "mistakes on your portfolios here."}, {"start": "00:20:44", "end": "00:20:48", "text": "You used to love Fartcoin. What have I"}, {"start": "00:20:46", "end": "00:20:51", "text": "Fartcoin? I guess it uh turned into"}, {"start": "00:20:48", "end": "00:20:53", "text": "Sharkcoin. What are you going to do?"}, {"start": "00:20:51", "end": "00:20:54", "text": "Look, man, meme coins are very"}, {"start": "00:20:53", "end": "00:20:56", "text": "short-term holds, man. And you can't be"}, {"start": "00:20:54", "end": "00:20:58", "text": "holding these things for years and"}, {"start": "00:20:56", "end": "00:21:03", "text": "hoping that things are going to be um"}, {"start": "00:20:58", "end": "00:21:03", "text": "uh turn out okay for you. Okay."}, {"start": "00:21:06", "end": "00:21:09", "text": "Fartcoin never even I've been out of"}, {"start": "00:21:07", "end": "00:21:10", "text": "Fartcoin for a long time by the way. I"}, {"start": "00:21:09", "end": "00:21:12", "text": "think I held Fartcoin for like a few"}, {"start": "00:21:10", "end": "00:21:15", "text": "weeks."}, {"start": "00:21:12", "end": "00:21:18", "text": "Bought a little more at another point"}, {"start": "00:21:15", "end": "00:21:20", "text": "when I stopped being super bottomed out."}, {"start": "00:21:18", "end": "00:21:21", "text": "Sold that shortly thereafter. I mean,"}, {"start": "00:21:20", "end": "00:21:23", "text": "yeah, it's this is not the kind of thing"}, {"start": "00:21:21", "end": "00:21:24", "text": "you hold on to for this is not your"}, {"start": "00:21:23", "end": "00:21:29", "text": "long-term investment. It's not what you"}, {"start": "00:21:24", "end": "00:21:32", "text": "put in your 401k, man. Hey, come on. Oh"}, {"start": "00:21:29", "end": "00:21:32", "text": "boy."}, {"start": "00:21:32", "end": "00:21:35", "text": "Anyway,"}, {"start": "00:21:36", "end": "00:21:39", "text": "$12 trillion total market cap when it's"}, {"start": "00:21:38", "end": "00:21:41", "text": "all said and done, but people won't"}, {"start": "00:21:39", "end": "00:21:44", "text": "believe it will collapse next time, but"}, {"start": "00:21:41", "end": "00:21:46", "text": "it always collapses."}, {"start": "00:21:44", "end": "00:21:47", "text": "This is the cycle of markets. People"}, {"start": "00:21:46", "end": "00:21:48", "text": "want to believe that this time is going"}, {"start": "00:21:47", "end": "00:21:50", "text": "to be the super cycle. And maybe it is."}, {"start": "00:21:48", "end": "00:21:53", "text": "Maybe it's a cycle that runs longer and"}, {"start": "00:21:50", "end": "00:21:56", "text": "harder than another uh sort of normal"}, {"start": "00:21:53", "end": "00:21:59", "text": "cycle. But even super cycles, even if we"}, {"start": "00:21:56", "end": "00:22:02", "text": "get the fabled mythical unicornlike"}, {"start": "00:21:59", "end": "00:22:04", "text": "beast that is a super cycle, it's still"}, {"start": "00:22:02", "end": "00:22:07", "text": "GOING TO GO DOWN LATER. THERE'S always"}, {"start": "00:22:04", "end": "00:22:09", "text": "bare markets. Always."}, {"start": "00:22:07", "end": "00:22:11", "text": "And just when people believe that bare"}, {"start": "00:22:09", "end": "00:22:12", "text": "markets are now mathematically"}, {"start": "00:22:11", "end": "00:22:13", "text": "impossible and this is the new paradigm"}, {"start": "00:22:12", "end": "00:22:18", "text": "of everything is when you get the hell"}, {"start": "00:22:13", "end": "00:22:19", "text": "out and sell. Okay. Anyway,"}, {"start": "00:22:18", "end": "00:22:21", "text": "been accumulating Fartcoin. Actually,"}, {"start": "00:22:19", "end": "00:22:24", "text": "it's going to fly. Let's go. How the hot"}, {"start": "00:22:21", "end": "00:22:26", "text": "air rises. You got to admit it's a funny"}, {"start": "00:22:24", "end": "00:22:28", "text": "meme, man. It's a funny name. Anyway,"}, {"start": "00:22:26", "end": "00:22:31", "text": "but my worry is that a lot of you guys"}, {"start": "00:22:28", "end": "00:22:32", "text": "are going to uh, you know, continue to f"}, {"start": "00:22:31", "end": "00:22:34", "text": "things up and I don't want that to"}, {"start": "00:22:32", "end": "00:22:36", "text": "happen. Okay? I just want to talk a"}, {"start": "00:22:34", "end": "00:22:39", "text": "little bit about that because"}, {"start": "00:22:36", "end": "00:22:39", "text": "honestly, if your portfolio, look at how"}, {"start": "00:22:39", "end": "00:22:42", "text": "things have been performing in the"}, {"start": "00:22:39", "end": "00:22:44", "text": "market recently. If your crypto"}, {"start": "00:22:42", "end": "00:22:47", "text": "portfolio has been going sideways or"}, {"start": "00:22:44", "end": "00:22:48", "text": "down, okay, well, Bitcoin's been doing"}, {"start": "00:22:47", "end": "00:22:50", "text": "what it's been doing. Some of these"}, {"start": "00:22:48", "end": "00:22:52", "text": "altcoins been absolutely ripping. Look"}, {"start": "00:22:50", "end": "00:22:54", "text": "at some of the chosen altcoins. They've"}, {"start": "00:22:52", "end": "00:22:57", "text": "been going crazy. Well, then it's"}, {"start": "00:22:54", "end": "00:23:01", "text": "probably not bad luck. It's"}, {"start": "00:22:57", "end": "00:23:03", "text": "might be you. And I can prove it. We got"}, {"start": "00:23:01", "end": "00:23:05", "text": "a few points to go through here. So,"}, {"start": "00:23:03", "end": "00:23:08", "text": "here's a few signs your portfolio"}, {"start": "00:23:05", "end": "00:23:09", "text": "probably sucks. If you hit three or more"}, {"start": "00:23:08", "end": "00:23:10", "text": "of these, maybe you need to have a"}, {"start": "00:23:09", "end": "00:23:13", "text": "serious conversation with yourself about"}, {"start": "00:23:10", "end": "00:23:15", "text": "why this is the case. Uh, number one,"}, {"start": "00:23:13", "end": "00:23:17", "text": "you have too many coins. Now, we talked"}, {"start": "00:23:15", "end": "00:23:18", "text": "with Kevin from the When Shift Happens"}, {"start": "00:23:17", "end": "00:23:22", "text": "podcast. He has five coins. I have about"}, {"start": "00:23:18", "end": "00:23:24", "text": "a dozen max at any given time. So, if"}, {"start": "00:23:22", "end": "00:23:29", "text": "you open a wallet right now, how many"}, {"start": "00:23:24", "end": "00:23:30", "text": "tokens are in there? 15, 20, 40, 50? Can"}, {"start": "00:23:29", "end": "00:23:33", "text": "you name every single one without even"}, {"start": "00:23:30", "end": "00:23:35", "text": "scrolling? I can. If not, that's a"}, {"start": "00:23:33", "end": "00:23:37", "text": "problem. Your portfolio shouldn't look"}, {"start": "00:23:35", "end": "00:23:39", "text": "like a supermarket receipt. Here's how"}, {"start": "00:23:37", "end": "00:23:41", "text": "it happens. AI coins start pumping. You"}, {"start": "00:23:39", "end": "00:23:43", "text": "grab three of them. DIN starts pumping."}, {"start": "00:23:41", "end": "00:23:46", "text": "Hot thing. Got to have five of those."}, {"start": "00:23:43", "end": "00:23:48", "text": "Then RWAS. Then whatever else. Oh, layer"}, {"start": "00:23:46", "end": "00:23:50", "text": "ones. Oh, privacy coins. Whatever the"}, {"start": "00:23:48", "end": "00:23:52", "text": "timeline is excited about this week, you"}, {"start": "00:23:50", "end": "00:23:53", "text": "buy a bunch of it. You never sell when"}, {"start": "00:23:52", "end": "00:23:56", "text": "the narrative runs out. Every new"}, {"start": "00:23:53", "end": "00:23:58", "text": "narrative adds another handful of bags."}, {"start": "00:23:56", "end": "00:24:00", "text": "Bag holding man. And the result is you"}, {"start": "00:23:58", "end": "00:24:01", "text": "spread your money so thin that even if"}, {"start": "00:24:00", "end": "00:24:04", "text": "one of them does do a 10x, it barely"}, {"start": "00:24:01", "end": "00:24:05", "text": "moves your total portfolio. You're not"}, {"start": "00:24:04", "end": "00:24:06", "text": "outperforming the market by being"}, {"start": "00:24:05", "end": "00:24:07", "text": "diversified. You're underperforming"}, {"start": "00:24:06", "end": "00:24:09", "text": "because you can't track everything. You"}, {"start": "00:24:07", "end": "00:24:11", "text": "did everything right on the one pick,"}, {"start": "00:24:09", "end": "00:24:13", "text": "maybe, but it doesn't matter. On top of"}, {"start": "00:24:11", "end": "00:24:15", "text": "that, you can't actually research 40,"}, {"start": "00:24:13", "end": "00:24:16", "text": "50, 100 projects. 20 projects is hard to"}, {"start": "00:24:15", "end": "00:24:18", "text": "keep track of. This is my full-time job."}, {"start": "00:24:16", "end": "00:24:20", "text": "And I'm like, a dozen more than enough."}, {"start": "00:24:18", "end": "00:24:21", "text": "Nobody can. Okay? You're not tracking"}, {"start": "00:24:20", "end": "00:24:23", "text": "unlocks. You're not following"}, {"start": "00:24:21", "end": "00:24:25", "text": "development. You're just holding and"}, {"start": "00:24:23", "end": "00:24:26", "text": "hoping. That's not portfolio"}, {"start": "00:24:25", "end": "00:24:28", "text": "construction. And that's FOMO bag"}, {"start": "00:24:26", "end": "00:24:30", "text": "collecting."}, {"start": "00:24:28", "end": "00:24:32", "text": "Second sign, your biggest bag is a dead"}, {"start": "00:24:30", "end": "00:24:34", "text": "altcoin that's underperformed Bitcoin"}, {"start": "00:24:32", "end": "00:24:36", "text": "for two full cycles. Now, this one hurts"}, {"start": "00:24:34", "end": "00:24:38", "text": "because almost everyone has had one if"}, {"start": "00:24:36", "end": "00:24:40", "text": "you don't have one right now. It's the"}, {"start": "00:24:38", "end": "00:24:43", "text": "coin that you bought near the top. It's"}, {"start": "00:24:40", "end": "00:24:44", "text": "down 80, 90, 95% from its all-time high."}, {"start": "00:24:43", "end": "00:24:46", "text": "We've all been there. We've all done it."}, {"start": "00:24:44", "end": "00:24:48", "text": "Don't beat yourself up. But the problem"}, {"start": "00:24:46", "end": "00:24:50", "text": "is that coin's been that way for years"}, {"start": "00:24:48", "end": "00:24:52", "text": "and you're still holding. Not one bad"}, {"start": "00:24:50", "end": "00:24:54", "text": "year, not a bad few months, cycles at"}, {"start": "00:24:52", "end": "00:24:55", "text": "this point. And every time someone asks,"}, {"start": "00:24:54", "end": "00:24:58", "text": "you say the same thing. Ah, it just"}, {"start": "00:24:55", "end": "00:24:59", "text": "needs one more catalyst. One more bit of"}, {"start": "00:24:58", "end": "00:25:01", "text": "tech, just a few more users. Meanwhile,"}, {"start": "00:24:59", "end": "00:25:03", "text": "Bitcoin has gone up, made new highs."}, {"start": "00:25:01", "end": "00:25:05", "text": "Well, your bag hasn't moved. Be honest"}, {"start": "00:25:03", "end": "00:25:08", "text": "about what you're looking at. Is the"}, {"start": "00:25:05", "end": "00:25:09", "text": "volume dead? Are there constant token"}, {"start": "00:25:08", "end": "00:25:11", "text": "unlocks dumping on you? Are there"}, {"start": "00:25:09", "end": "00:25:12", "text": "actually people showing up to use the"}, {"start": "00:25:11", "end": "00:25:14", "text": "chain? Is the team already rich and"}, {"start": "00:25:12", "end": "00:25:16", "text": "quietly checked out? Are the developers"}, {"start": "00:25:14", "end": "00:25:19", "text": "building anything? yada yada yada. You"}, {"start": "00:25:16", "end": "00:25:21", "text": "know, okay, if the answer is the wrong"}, {"start": "00:25:19", "end": "00:25:22", "text": "answer here, well, you're not holding an"}, {"start": "00:25:21", "end": "00:25:25", "text": "investment. You're holding an emotional"}, {"start": "00:25:22", "end": "00:25:26", "text": "attachment. You're holding a cult coin."}, {"start": "00:25:25", "end": "00:25:28", "text": "Maybe like people all people holding the"}, {"start": "00:25:26", "end": "00:25:30", "text": "Hexcoin back in the day. It's a cult,"}, {"start": "00:25:28", "end": "00:25:33", "text": "man. It went to [�__�] zero. Pulsecoin"}, {"start": "00:25:30", "end": "00:25:36", "text": "cult went to zero. Stop this [�__�] guys."}, {"start": "00:25:33", "end": "00:25:37", "text": "Okay, that money could have been in"}, {"start": "00:25:36", "end": "00:25:40", "text": "something useful that would have made"}, {"start": "00:25:37", "end": "00:25:44", "text": "you money. Third sign, you have no"}, {"start": "00:25:40", "end": "00:25:45", "text": "Bitcoin. Zero or close enough to zero"}, {"start": "00:25:44", "end": "00:25:47", "text": "that doesn't matter. Now, Bitcoin"}, {"start": "00:25:45", "end": "00:25:50", "text": "personally is my number one portfolio"}, {"start": "00:25:47", "end": "00:25:52", "text": "holding of everything. You call yourself"}, {"start": "00:25:50", "end": "00:25:55", "text": "a crypto investor, but you've skipped"}, {"start": "00:25:52", "end": "00:25:57", "text": "the best damn asset in the entire crypto"}, {"start": "00:25:55", "end": "00:25:59", "text": "space. I know altcoins have more upside."}, {"start": "00:25:57", "end": "00:26:00", "text": "That's why I invest in them. But here's"}, {"start": "00:25:59", "end": "00:26:02", "text": "the thing. Bitcoin has been the best"}, {"start": "00:26:00", "end": "00:26:05", "text": "performing major asset across multiple"}, {"start": "00:26:02", "end": "00:26:07", "text": "cycles. It's got staying power. Most"}, {"start": "00:26:05", "end": "00:26:08", "text": "serious money and most institutions"}, {"start": "00:26:07", "end": "00:26:10", "text": "still come into this market through"}, {"start": "00:26:08", "end": "00:26:11", "text": "Bitcoin first. So when you hold no BTC,"}, {"start": "00:26:10", "end": "00:26:13", "text": "you're basically saying you're smarter"}, {"start": "00:26:11", "end": "00:26:15", "text": "than all that. You're betting against"}, {"start": "00:26:13", "end": "00:26:17", "text": "the one thing in crypto that has proven"}, {"start": "00:26:15", "end": "00:26:19", "text": "itself over and over and over again."}, {"start": "00:26:17", "end": "00:26:20", "text": "Maybe you are smarter than the market,"}, {"start": "00:26:19", "end": "00:26:23", "text": "but the odds say you're not. And owning"}, {"start": "00:26:20", "end": "00:26:25", "text": "zero Bitcoin. Well, that's the loudest"}, {"start": "00:26:23", "end": "00:26:28", "text": "possible way to find out."}, {"start": "00:26:25", "end": "00:26:31", "text": "Sign number four, you have too much"}, {"start": "00:26:28", "end": "00:26:33", "text": "money meme coins. Look, meme coins can"}, {"start": "00:26:31", "end": "00:26:34", "text": "be fun. Personally, I don't have a lot"}, {"start": "00:26:33", "end": "00:26:36", "text": "of time for the trenches. I don't I"}, {"start": "00:26:34", "end": "00:26:38", "text": "don't enjoy it. I know people out there"}, {"start": "00:26:36", "end": "00:26:40", "text": "enjoy it, but it's just not my casino to"}, {"start": "00:26:38", "end": "00:26:42", "text": "hang out in. Right now, I take the"}, {"start": "00:26:40", "end": "00:26:44", "text": "occasional small position as like a"}, {"start": "00:26:42", "end": "00:26:45", "text": "lottery ticket thing. You know, every"}, {"start": "00:26:44", "end": "00:26:47", "text": "once in a while, I like to play around."}, {"start": "00:26:45", "end": "00:26:48", "text": "bought some, you know, buy the cat, lost"}, {"start": "00:26:47", "end": "00:26:50", "text": "my money out, fantastic, right? Who"}, {"start": "00:26:48", "end": "00:26:52", "text": "cares? Doesn't matter his logic size."}, {"start": "00:26:50", "end": "00:26:55", "text": "But if a big chunk of your portfolio is"}, {"start": "00:26:52", "end": "00:26:57", "text": "in coins with zero utility, you need to"}, {"start": "00:26:55", "end": "00:26:58", "text": "understand who you're playing against."}, {"start": "00:26:57", "end": "00:27:00", "text": "You're not trading against other regular"}, {"start": "00:26:58", "end": "00:27:01", "text": "people when you're playing the memecoin"}, {"start": "00:27:00", "end": "00:27:03", "text": "game for the large part. You're up"}, {"start": "00:27:01", "end": "00:27:05", "text": "against professional extraction groups."}, {"start": "00:27:03", "end": "00:27:07", "text": "Paid influencers don't give a [�__�] about"}, {"start": "00:27:05", "end": "00:27:10", "text": "you, man. And coordinated cabals who"}, {"start": "00:27:07", "end": "00:27:12", "text": "treat retail as a bank machine. They go,"}, {"start": "00:27:10", "end": "00:27:14", "text": "they launch the shitcoin. You buy it,"}, {"start": "00:27:12", "end": "00:27:16", "text": "they take the money. Your ex liquidity"}, {"start": "00:27:14", "end": "00:27:19", "text": "every time. The people making real money"}, {"start": "00:27:16", "end": "00:27:20", "text": "in memes are mostly the ones launching"}, {"start": "00:27:19", "end": "00:27:22", "text": "them, promoting them, and selling into"}, {"start": "00:27:20", "end": "00:27:24", "text": "the hype. The influencer shilling it on"}, {"start": "00:27:22", "end": "00:27:25", "text": "your timeline was probably paid or even"}, {"start": "00:27:24", "end": "00:27:27", "text": "given an allocation before you ever even"}, {"start": "00:27:25", "end": "00:27:30", "text": "heard about it. Now, not all the time."}, {"start": "00:27:27", "end": "00:27:31", "text": "Some meme coins do have legitimate"}, {"start": "00:27:30", "end": "00:27:34", "text": "enthusiasm behind them, but it's very,"}, {"start": "00:27:31", "end": "00:27:35", "text": "very, very rare. And by the time you"}, {"start": "00:27:34", "end": "00:27:37", "text": "hear about it on your timeline, the"}, {"start": "00:27:35", "end": "00:27:39", "text": "asymmetric upside's usually gone and"}, {"start": "00:27:37", "end": "00:27:41", "text": "what's left is a very real chance of you"}, {"start": "00:27:39", "end": "00:27:43", "text": "losing everything that you put into it"}, {"start": "00:27:41", "end": "00:27:46", "text": "and you being once again exit liquidity."}, {"start": "00:27:43", "end": "00:27:48", "text": "Stop it. Okay? Treat treating memes as a"}, {"start": "00:27:46", "end": "00:27:51", "text": "a real strategy is one of the fastest"}, {"start": "00:27:48", "end": "00:27:53", "text": "ways to take an account to zero. Okay?"}, {"start": "00:27:51", "end": "00:27:55", "text": "Please. Sign number five, your portfolio"}, {"start": "00:27:53", "end": "00:27:56", "text": "looks like a random Twitter thread. So"}, {"start": "00:27:55", "end": "00:27:58", "text": "you go through your holdings and ask"}, {"start": "00:27:56", "end": "00:28:02", "text": "where did how did I get all these coins?"}, {"start": "00:27:58", "end": "00:28:04", "text": "If half them came from some anon frog or"}, {"start": "00:28:02", "end": "00:28:08", "text": "anime profile picture who just called"}, {"start": "00:28:04", "end": "00:28:11", "text": "it, that's a red flag, man. No research,"}, {"start": "00:28:08", "end": "00:28:12", "text": "just some vibes, bro. Few screenshots, I"}, {"start": "00:28:11", "end": "00:28:14", "text": "have a feeling that this one's"}, {"start": "00:28:12", "end": "00:28:16", "text": "different."}, {"start": "00:28:14", "end": "00:28:17", "text": "Notice the pattern. You buy what the"}, {"start": "00:28:16", "end": "00:28:19", "text": "timeline is excited about and then it"}, {"start": "00:28:17", "end": "00:28:21", "text": "dumps right after. That's not a"}, {"start": "00:28:19", "end": "00:28:22", "text": "coincidence. That is professional"}, {"start": "00:28:21", "end": "00:28:25", "text": "extraction. When something's already"}, {"start": "00:28:22", "end": "00:28:27", "text": "trending, the early money is already in"}, {"start": "00:28:25", "end": "00:28:29", "text": "and getting ready to get out on your ass"}, {"start": "00:28:27", "end": "00:28:31", "text": "because you're now hyping and FOMOing"}, {"start": "00:28:29", "end": "00:28:33", "text": "into it. You're the one giving them a"}, {"start": "00:28:31", "end": "00:28:35", "text": "place to sell. We've all been there."}, {"start": "00:28:33", "end": "00:28:37", "text": "We've all done it. But learn the lesson,"}, {"start": "00:28:35", "end": "00:28:38", "text": "man. Your entries are almost always"}, {"start": "00:28:37", "end": "00:28:41", "text": "after the big move has happened. If"}, {"start": "00:28:38", "end": "00:28:43", "text": "that's you, you need to rethink how"}, {"start": "00:28:41", "end": "00:28:45", "text": "you're doing things. Now, there's a case"}, {"start": "00:28:43", "end": "00:28:48", "text": "for top blasting things like Zcash or"}, {"start": "00:28:45", "end": "00:28:51", "text": "something, but come on. Zcash is not,"}, {"start": "00:28:48", "end": "00:28:52", "text": "you know, the newest dog coin, is it?"}, {"start": "00:28:51", "end": "00:28:54", "text": "Over time, your portfolio will turn into"}, {"start": "00:28:52", "end": "00:28:56", "text": "a graveyard of narratives that were hot"}, {"start": "00:28:54", "end": "00:28:58", "text": "once and dead now. Coins that no longer"}, {"start": "00:28:56", "end": "00:29:00", "text": "have any liquidity can't even sell for a"}, {"start": "00:28:58", "end": "00:29:01", "text": "90% loss if you wanted to. If that all"}, {"start": "00:29:00", "end": "00:29:02", "text": "sounds familiar, guess what? You're not"}, {"start": "00:29:01", "end": "00:29:04", "text": "trading the market. You're providing"}, {"start": "00:29:02", "end": "00:29:05", "text": "liquidity to people who are faster and"}, {"start": "00:29:04", "end": "00:29:06", "text": "smarter than you, and you're going to"}, {"start": "00:29:05", "end": "00:29:09", "text": "keep losing if you keep doing the same"}, {"start": "00:29:06", "end": "00:29:11", "text": "damn thing."}, {"start": "00:29:09", "end": "00:29:14", "text": "The sixth sign,"}, {"start": "00:29:11", "end": "00:29:16", "text": "you have zero cash or stable coins"}, {"start": "00:29:14", "end": "00:29:18", "text": "ready. You're 100% invested all the"}, {"start": "00:29:16", "end": "00:29:20", "text": "time, which I sounds like, shouldn't I"}, {"start": "00:29:18", "end": "00:29:21", "text": "be all invested?"}, {"start": "00:29:20", "end": "00:29:23", "text": "Maybe you're even overinvested. You got"}, {"start": "00:29:21", "end": "00:29:24", "text": "a little bit of leverage on everything."}, {"start": "00:29:23", "end": "00:29:26", "text": "And that feels great when everything's"}, {"start": "00:29:24", "end": "00:29:27", "text": "going up. But then a real dip comes. The"}, {"start": "00:29:26", "end": "00:29:30", "text": "kind of buying opportunity that only"}, {"start": "00:29:27", "end": "00:29:32", "text": "shows up a few times a cycle."}, {"start": "00:29:30", "end": "00:29:34", "text": "You got nothing to buy it with, man. So,"}, {"start": "00:29:32", "end": "00:29:36", "text": "you either sit there and watch it or you"}, {"start": "00:29:34", "end": "00:29:37", "text": "sell your winners just to buy the dip,"}, {"start": "00:29:36", "end": "00:29:39", "text": "which defeats the whole damn point"}, {"start": "00:29:37", "end": "00:29:41", "text": "anyway. And psychologically, it's"}, {"start": "00:29:39", "end": "00:29:43", "text": "brutal. When you have no cash, every red"}, {"start": "00:29:41", "end": "00:29:45", "text": "candle feels personal because you've got"}, {"start": "00:29:43", "end": "00:29:47", "text": "no way to respond. You can only absorb,"}, {"start": "00:29:45", "end": "00:29:48", "text": "watch your portfolio go down, sit there"}, {"start": "00:29:47", "end": "00:29:52", "text": "with a smile on your face going, \"This"}, {"start": "00:29:48", "end": "00:29:53", "text": "is great. I love investing. Having cash"}, {"start": "00:29:52", "end": "00:29:55", "text": "is a position. And not saying you have"}, {"start": "00:29:53", "end": "00:29:57", "text": "to be like 100% cash, but you should"}, {"start": "00:29:55", "end": "00:29:58", "text": "have, I don't know, 5% 10% of your"}, {"start": "00:29:57", "end": "00:30:01", "text": "portfolio or something like sitting"}, {"start": "00:29:58", "end": "00:30:05", "text": "around in cash. Having zero cash is a"}, {"start": "00:30:01", "end": "00:30:07", "text": "vulnerability. Okay, remember that."}, {"start": "00:30:05", "end": "00:30:09", "text": "Sign number seven. You refuse to take"}, {"start": "00:30:07", "end": "00:30:11", "text": "profits because it can still go higher."}, {"start": "00:30:09", "end": "00:30:14", "text": "Oh,"}, {"start": "00:30:11", "end": "00:30:16", "text": "come on. Every single one of us have"}, {"start": "00:30:14", "end": "00:30:18", "text": "done that. Okay, look. You've had"}, {"start": "00:30:16", "end": "00:30:22", "text": "winners, real ones. is you're up 5x,"}, {"start": "00:30:18", "end": "00:30:24", "text": "10x, 20x. You don't sell a single damn"}, {"start": "00:30:22", "end": "00:30:26", "text": "penny."}, {"start": "00:30:24", "end": "00:30:29", "text": "You always had a reason. Ah, it's still"}, {"start": "00:30:26", "end": "00:30:32", "text": "going to go higher. I'm longterm anyway."}, {"start": "00:30:29", "end": "00:30:34", "text": "Boner coins, new pair. I have money."}, {"start": "00:30:32", "end": "00:30:37", "text": "Taxes. I won't pay taxes. I'll just hold"}, {"start": "00:30:34", "end": "00:30:40", "text": "on to it. I'll sell at the top. I'll"}, {"start": "00:30:37", "end": "00:30:44", "text": "sell at the top, said everybody."}, {"start": "00:30:40", "end": "00:30:46", "text": "Nobody sells the top. One guy does. One."}, {"start": "00:30:44", "end": "00:30:47", "text": "It's probably not going to be you. And"}, {"start": "00:30:46", "end": "00:30:49", "text": "if you don't have a plan for taking"}, {"start": "00:30:47", "end": "00:30:51", "text": "money off the table, what usually"}, {"start": "00:30:49", "end": "00:30:54", "text": "happens is that big winner gives back"}, {"start": "00:30:51", "end": "00:30:58", "text": "most or all of its gains. You turn a"}, {"start": "00:30:54", "end": "00:31:00", "text": "lifechanging paper gain into permanent"}, {"start": "00:30:58", "end": "00:31:04", "text": "underperformance, ensuring your"}, {"start": "00:31:00", "end": "00:31:06", "text": "permanent place in the underclass."}, {"start": "00:31:04", "end": "00:31:07", "text": "Stop it."}, {"start": "00:31:06", "end": "00:31:10", "text": "You have to have a process for"}, {"start": "00:31:07", "end": "00:31:13", "text": "de-risking. You have to have a process"}, {"start": "00:31:10", "end": "00:31:15", "text": "for rotating capital. Okay? And here's"}, {"start": "00:31:13", "end": "00:31:17", "text": "the part you don't want to hear. If you"}, {"start": "00:31:15", "end": "00:31:20", "text": "never choose when to sell, the market"}, {"start": "00:31:17", "end": "00:31:23", "text": "will eventually choose for you. And it"}, {"start": "00:31:20", "end": "00:31:26", "text": "never picks a good price."}, {"start": "00:31:23", "end": "00:31:28", "text": "Look, [sighs] I want you guys to win. I"}, {"start": "00:31:26", "end": "00:31:29", "text": "really, really do. And I hope that some"}, {"start": "00:31:28", "end": "00:31:31", "text": "of the things we provide here on the"}, {"start": "00:31:29", "end": "00:31:33", "text": "channel help put you in the mindset to"}, {"start": "00:31:31", "end": "00:31:37", "text": "win."}, {"start": "00:31:33", "end": "00:31:41", "text": "That's the goal. Anyway,"}, {"start": "00:31:37", "end": "00:31:41", "text": "let's continue. Um,"}, {"start": "00:31:48", "end": "00:31:52", "text": "do a few questions here from you guys"}, {"start": "00:31:49", "end": "00:31:52", "text": "real quick."}, {"start": "00:31:57", "end": "00:32:00", "text": "You can make your make your money in"}, {"start": "00:31:58", "end": "00:32:02", "text": "memes. Get out and rotate into real"}, {"start": "00:32:00", "end": "00:32:03", "text": "altcoins."}, {"start": "00:32:02", "end": "00:32:09", "text": "Don't know why people hold meme coins"}, {"start": "00:32:03", "end": "00:32:12", "text": "forever. Yes. Yes. Yes. Agreed."}, {"start": "00:32:09", "end": "00:32:14", "text": "more painful watch stocks. Ah, the start"}, {"start": "00:32:12", "end": "00:32:15", "text": "of this year sucked, man. Watching"}, {"start": "00:32:14", "end": "00:32:17", "text": "everyone like we're getting hilariously"}, {"start": "00:32:15", "end": "00:32:21", "text": "rich on our Sandis stocks. Well,"}, {"start": "00:32:17", "end": "00:32:24", "text": "Bitcoin's down like 30 40%. H"}, {"start": "00:32:21", "end": "00:32:26", "text": "yes, Paul. Yes, fantastic. Could add"}, {"start": "00:32:24", "end": "00:32:27", "text": "that. Ended up selling a bunch of token"}, {"start": "00:32:26", "end": "00:32:30", "text": "just be able to focus more on less. It's"}, {"start": "00:32:27", "end": "00:32:32", "text": "a weight off. Oh my gosh, dude. Such a"}, {"start": "00:32:30", "end": "00:32:34", "text": "good point. Such a good point, man. You"}, {"start": "00:32:32", "end": "00:32:36", "text": "have all these old coins you're holding."}, {"start": "00:32:34", "end": "00:32:38", "text": "Even just seeing them sit in your"}, {"start": "00:32:36", "end": "00:32:41", "text": "portfolios mentally like you got to just"}, {"start": "00:32:38", "end": "00:32:45", "text": "just stop it, man. Just free yourself."}, {"start": "00:32:41", "end": "00:32:48", "text": "Free. It's It's like you have Okay,"}, {"start": "00:32:45", "end": "00:32:50", "text": "imagine this. You got this coin. It's"}, {"start": "00:32:48", "end": "00:32:53", "text": "gone to [�__�] Still sitting there. So,"}, {"start": "00:32:50", "end": "00:32:55", "text": "it's basically like your ex-girlfriend."}, {"start": "00:32:53", "end": "00:32:57", "text": "Okay,"}, {"start": "00:32:55", "end": "00:32:59", "text": "you go to the same coffee shop every day"}, {"start": "00:32:57", "end": "00:33:01", "text": "and your ex-girlfriend's there with her"}, {"start": "00:32:59", "end": "00:33:04", "text": "new dude every day and you're like, \"Oh,"}, {"start": "00:33:01", "end": "00:33:05", "text": "hey, how's it going?\" Yeah, you moved"}, {"start": "00:33:04", "end": "00:33:07", "text": "on. You're not, you know, whatever, but"}, {"start": "00:33:05", "end": "00:33:09", "text": "you still have to see this [�__�] every"}, {"start": "00:33:07", "end": "00:33:11", "text": "day when you could just go to a new"}, {"start": "00:33:09", "end": "00:33:12", "text": "coffee shop."}, {"start": "00:33:11", "end": "00:33:14", "text": "Why do you keep going to the same coffee"}, {"start": "00:33:12", "end": "00:33:18", "text": "shop around your ex-girlfriend every"}, {"start": "00:33:14", "end": "00:33:18", "text": "day? See her with a new dude?"}, {"start": "00:33:18", "end": "00:33:27", "text": "Come on. Come on, guys. Oh, boy. Anyway,"}, {"start": "00:33:24", "end": "00:33:27", "text": "uh"}, {"start": "00:33:27", "end": "00:33:30", "text": "good morning, Lark. With the AI bubble"}, {"start": "00:33:29", "end": "00:33:32", "text": "debt fears with stocks, do you think"}, {"start": "00:33:30", "end": "00:33:33", "text": "long run it'll be beneficial for Tao? I"}, {"start": "00:33:32", "end": "00:33:36", "text": "think the general AI trend is going to"}, {"start": "00:33:33", "end": "00:33:39", "text": "be beneficial for Tao. I don't know how"}, {"start": "00:33:36", "end": "00:33:41", "text": "the AI bubble debt fears are necessarily"}, {"start": "00:33:39", "end": "00:33:44", "text": "going to play play into it being a"}, {"start": "00:33:41", "end": "00:33:45", "text": "positive win for Bit Tensor, but"}, {"start": "00:33:44", "end": "00:33:46", "text": "definitely something worth paying"}, {"start": "00:33:45", "end": "00:33:48", "text": "attention to. a bit tense or if you"}, {"start": "00:33:46", "end": "00:33:51", "text": "think that the uh"}, {"start": "00:33:48", "end": "00:33:52", "text": "uh what you call it um AI trends going"}, {"start": "00:33:51", "end": "00:33:54", "text": "back around in crypto which I think it"}, {"start": "00:33:52", "end": "00:33:57", "text": "will the AI agent economy is only"}, {"start": "00:33:54", "end": "00:33:58", "text": "heating up so I've even thought about"}, {"start": "00:33:57", "end": "00:33:59", "text": "potentially buying back my virtual bag"}, {"start": "00:33:58", "end": "00:34:02", "text": "might do it at some point I still like"}, {"start": "00:33:59", "end": "00:34:03", "text": "virtual"}, {"start": "00:34:02", "end": "00:34:06", "text": "denial is a tough thing for some it is"}, {"start": "00:34:03", "end": "00:34:06", "text": "indeed"}, {"start": "00:34:07", "end": "00:34:14", "text": "got 0.3 BTC DCA and hodddle love it man"}, {"start": "00:34:11", "end": "00:34:14", "text": "love it."}, {"start": "00:34:15", "end": "00:34:22", "text": "Never bought a meme coin, but each to"}, {"start": "00:34:17", "end": "00:34:22", "text": "his own. Fair play, sir. Fair play."}, {"start": "00:34:29", "end": "00:34:33", "text": "Clark is speaking about me and Vchain"}, {"start": "00:34:31", "end": "00:34:37", "text": "all in on Salana now. [laughter]"}, {"start": "00:34:33", "end": "00:34:37", "text": "Oh boy."}, {"start": "00:34:38", "end": "00:34:45", "text": "Oh, L Lulu FX is uh All right. Ebagging."}, {"start": "00:34:42", "end": "00:34:50", "text": "Got it. Got it. Any sport. Yeah. Well,"}, {"start": "00:34:45", "end": "00:34:52", "text": "dude, stop eBaying. Oh my gosh."}, {"start": "00:34:50", "end": "00:34:53", "text": "Look, a lot of people go through a lot"}, {"start": "00:34:52", "end": "00:34:57", "text": "of hard times. Ebagging is not the way,"}, {"start": "00:34:53", "end": "00:34:59", "text": "my dude. Job. Invest wisely. You'll be"}, {"start": "00:34:57", "end": "00:35:01", "text": "okay. Stop gambling all your [�__�]"}, {"start": "00:34:59", "end": "00:35:05", "text": "money away on meme coins. You'll be"}, {"start": "00:35:01", "end": "00:35:05", "text": "better off. Okay."}, {"start": "00:35:06", "end": "00:35:13", "text": "Tough day today, Lark. H"}, {"start": "00:35:11", "end": "00:35:16", "text": "uh any thoughts on Arbitum? Still don't"}, {"start": "00:35:13", "end": "00:35:18", "text": "love it."}, {"start": "00:35:16", "end": "00:35:19", "text": "Still don't love Arbitum. I you know, to"}, {"start": "00:35:18", "end": "00:35:20", "text": "be honest, I haven't looked at the"}, {"start": "00:35:19", "end": "00:35:24", "text": "recent developments on Arbitrum, you"}, {"start": "00:35:20", "end": "00:35:26", "text": "know. I don't know. We'll see. But layer"}, {"start": "00:35:24", "end": "00:35:28", "text": "2 coins, I am just"}, {"start": "00:35:26", "end": "00:35:29", "text": "nah, man. I'm not going down that road."}, {"start": "00:35:28", "end": "00:35:32", "text": "Again, there's so many other things to"}, {"start": "00:35:29", "end": "00:35:33", "text": "put money into. I'd ra And look, ARB's"}, {"start": "00:35:32", "end": "00:35:35", "text": "been going up. It's got the narrative."}, {"start": "00:35:33", "end": "00:35:36", "text": "People are excited about it. I don't"}, {"start": "00:35:35", "end": "00:35:38", "text": "know. Is there any real reason to hold"}, {"start": "00:35:36", "end": "00:35:39", "text": "the coin? I haven't looked recently to"}, {"start": "00:35:38", "end": "00:35:41", "text": "be fair. I don't know. Maybe they've"}, {"start": "00:35:39", "end": "00:35:43", "text": "introduced some kind of like crazy"}, {"start": "00:35:41", "end": "00:35:45", "text": "aggressive buyback thing, but last I"}, {"start": "00:35:43", "end": "00:35:47", "text": "checked it was a pile of [�__�] Zero"}, {"start": "00:35:45", "end": "00:35:51", "text": "reason to own it. Governance token. Not"}, {"start": "00:35:47", "end": "00:35:54", "text": "keen. No thank you. Okay. [laughter]"}, {"start": "00:35:51", "end": "00:35:56", "text": "H. Thanks for being someone's got to do"}, {"start": "00:35:54", "end": "00:36:00", "text": "it. Might as well be me. Generational"}, {"start": "00:35:56", "end": "00:36:02", "text": "super cycle. Let's go. Let's go."}, {"start": "00:36:00", "end": "00:36:04", "text": "Are you doing a show with George from"}, {"start": "00:36:02", "end": "00:36:07", "text": "Crypto Urs? Hold on a second. Let me"}, {"start": "00:36:04", "end": "00:36:10", "text": "tell you, uh, are we booked in with"}, {"start": "00:36:07", "end": "00:36:10", "text": "George?"}, {"start": "00:36:12", "end": "00:36:16", "text": "Not yet. We got to follow up with him. I"}, {"start": "00:36:14", "end": "00:36:18", "text": "don't think we booked him with George"}, {"start": "00:36:16", "end": "00:36:22", "text": "yet. We We asked him to come on, but he"}, {"start": "00:36:18", "end": "00:36:23", "text": "has not. I was checking my list of uh"}, {"start": "00:36:22", "end": "00:36:25", "text": "people we got to come. Anyway, not yet,"}, {"start": "00:36:23", "end": "00:36:27", "text": "but I hope so. I'd love to see George."}, {"start": "00:36:25", "end": "00:36:30", "text": "Sometimes it's hard because we stream at"}, {"start": "00:36:27", "end": "00:36:32", "text": "a very early time. It's 3:30 p.m. uh"}, {"start": "00:36:30", "end": "00:36:33", "text": "Dubai time for me, but I know for most"}, {"start": "00:36:32", "end": "00:36:35", "text": "of you guys like watching like America"}, {"start": "00:36:33", "end": "00:36:37", "text": "or whatever, like it's super early for"}, {"start": "00:36:35", "end": "00:36:38", "text": "some of you guys. So, it's uh sometimes"}, {"start": "00:36:37", "end": "00:36:41", "text": "tricky to get guests to come on. Like if"}, {"start": "00:36:38", "end": "00:36:42", "text": "anybody's, you know, doesn't get up"}, {"start": "00:36:41", "end": "00:36:43", "text": "earlier or they're not in the right time"}, {"start": "00:36:42", "end": "00:36:47", "text": "zone, it could be like middle of the"}, {"start": "00:36:43", "end": "00:36:50", "text": "night for them. So, we got that, too. Uh"}, {"start": "00:36:47", "end": "00:36:50", "text": "okay,"}, {"start": "00:36:54", "end": "00:37:03", "text": "let me see here. One more quick. We all"}, {"start": "00:36:56", "end": "00:37:06", "text": "We are all George. Hey. Yes. Yes, guys."}, {"start": "00:37:03", "end": "00:37:09", "text": "Liston dead. No, Stonk is not dead. The"}, {"start": "00:37:06", "end": "00:37:11", "text": "re the daily revenues remain strong."}, {"start": "00:37:09", "end": "00:37:14", "text": "It's buying back a big percentage of its"}, {"start": "00:37:11", "end": "00:37:16", "text": "market cap every single day. That needs"}, {"start": "00:37:14", "end": "00:37:18", "text": "to keep going on. As long as the"}, {"start": "00:37:16", "end": "00:37:20", "text": "revenues don't drop like another 90%, I"}, {"start": "00:37:18", "end": "00:37:22", "text": "think Stonk is going to be just fine."}, {"start": "00:37:20", "end": "00:37:26", "text": "You got any low cap [�__�] for us? Not"}, {"start": "00:37:22", "end": "00:37:27", "text": "today, my friend. Not today. Not today."}, {"start": "00:37:26", "end": "00:37:28", "text": "Maybe one of these days someone we'll"}, {"start": "00:37:27", "end": "00:37:32", "text": "get some more look cap shares for you"}, {"start": "00:37:28", "end": "00:37:33", "text": "guys. Uh hey let's let's talk about um"}, {"start": "00:37:32", "end": "00:37:34", "text": "let's talk about Ethereum and Salana."}, {"start": "00:37:33", "end": "00:37:36", "text": "And actually I wanted to kind of break"}, {"start": "00:37:34", "end": "00:37:38", "text": "down why I think Salana is the better"}, {"start": "00:37:36", "end": "00:37:39", "text": "the bet than Ethereum right now. But"}, {"start": "00:37:38", "end": "00:37:42", "text": "doesn't mean we don't trade Ethereum."}, {"start": "00:37:39", "end": "00:37:45", "text": "Okay look at this ETH chart. Look at"}, {"start": "00:37:42", "end": "00:37:48", "text": "this. I cannot believe this man. What a"}, {"start": "00:37:45", "end": "00:37:48", "text": "just abs"}, {"start": "00:37:48", "end": "00:37:52", "text": "technical analysis doesn't mean"}, {"start": "00:37:50", "end": "00:37:55", "text": "anything. Moving averages are [�__�]"}, {"start": "00:37:52", "end": "00:37:59", "text": "Look a perfect retest. Look at that"}, {"start": "00:37:55", "end": "00:38:04", "text": "right there. A perfect perfect wick down"}, {"start": "00:37:59", "end": "00:38:06", "text": "to the 200 day EMA, baby. Let's go. Yes."}, {"start": "00:38:04", "end": "00:38:07", "text": "Love it. Now, we got a nice bounce in"}, {"start": "00:38:06", "end": "00:38:09", "text": "the market so far. We still have the"}, {"start": "00:38:07", "end": "00:38:12", "text": "50-day EMA overhead and the 20-day after"}, {"start": "00:38:09", "end": "00:38:14", "text": "that. So, really clear sky breakout's"}, {"start": "00:38:12", "end": "00:38:17", "text": "going to be 2550, which is the level"}, {"start": "00:38:14", "end": "00:38:20", "text": "that we were at before. G"}, {"start": "00:38:17", "end": "00:38:22", "text": "that orange box is at 2550. That was the"}, {"start": "00:38:20", "end": "00:38:26", "text": "sticky resistance we couldn't get over"}, {"start": "00:38:22", "end": "00:38:28", "text": "for ages. Then we got over it, limp"}, {"start": "00:38:26", "end": "00:38:31", "text": "[�__�] it up to 2,800 bucks, pushed back"}, {"start": "00:38:28", "end": "00:38:33", "text": "down, but we bounced to the 200 day,"}, {"start": "00:38:31", "end": "00:38:35", "text": "which is nice. So, look, the 50-day and"}, {"start": "00:38:33", "end": "00:38:37", "text": "20-day are still providing a bit of"}, {"start": "00:38:35", "end": "00:38:39", "text": "resistance here. So, we got to get over"}, {"start": "00:38:37", "end": "00:38:40", "text": "those, okay, before we break out the"}, {"start": "00:38:39", "end": "00:38:42", "text": "champagne or anything, but definitely a"}, {"start": "00:38:40", "end": "00:38:44", "text": "nice bounce yesterday off of the 200"}, {"start": "00:38:42", "end": "00:38:45", "text": "day. Let's see if we can continue to"}, {"start": "00:38:44", "end": "00:38:47", "text": "consolidate that move and get back over"}, {"start": "00:38:45", "end": "00:38:50", "text": "2550."}, {"start": "00:38:47", "end": "00:38:53", "text": "Let's see. Let's see. That's the target"}, {"start": "00:38:50", "end": "00:38:56", "text": "right now. Anyway,"}, {"start": "00:38:53", "end": "00:38:58", "text": "Ash saying Salana is forming a bullish"}, {"start": "00:38:56", "end": "00:39:01", "text": "triangle pattern on this is the monthly"}, {"start": "00:38:58", "end": "00:39:03", "text": "chart. It's crazy. This a multi-year"}, {"start": "00:39:01", "end": "00:39:05", "text": "multi-year breakout brewing here for"}, {"start": "00:39:03", "end": "00:39:07", "text": "Salana. The implications of which are"}, {"start": "00:39:05", "end": "00:39:11", "text": "absolutely crazy, man. This is like"}, {"start": "00:39:07", "end": "00:39:13", "text": "basically goes up to $600 sort of thing."}, {"start": "00:39:11", "end": "00:39:16", "text": "Salana is going to have an epic move"}, {"start": "00:39:13", "end": "00:39:18", "text": "this cycle. Waiting for it, baby. On the"}, {"start": "00:39:16", "end": "00:39:19", "text": "daily. Didn't quite come back down to"}, {"start": "00:39:18", "end": "00:39:22", "text": "the 200 day. currently finding"}, {"start": "00:39:19", "end": "00:39:23", "text": "resistance at the 50-day. We can see"}, {"start": "00:39:22", "end": "00:39:26", "text": "we've wicked into that today, much like"}, {"start": "00:39:23", "end": "00:39:28", "text": "a few of the other coins we've seen. So,"}, {"start": "00:39:26", "end": "00:39:32", "text": "we need to get up over that. Uh not so"}, {"start": "00:39:28", "end": "00:39:33", "text": "distant future here. Uh let's I want to"}, {"start": "00:39:32", "end": "00:39:34", "text": "break down this topic a little bit for"}, {"start": "00:39:33", "end": "00:39:35", "text": "you because I think it's very"}, {"start": "00:39:34", "end": "00:39:36", "text": "interesting. You know, me as a capital"}, {"start": "00:39:35", "end": "00:39:38", "text": "allocator, I'm actually considering"}, {"start": "00:39:36", "end": "00:39:42", "text": "completely exiting my Ethereum uh"}, {"start": "00:39:38", "end": "00:39:44", "text": "potentially buying near or doubling down"}, {"start": "00:39:42", "end": "00:39:45", "text": "on my Sooie or Athena bets, but I feel"}, {"start": "00:39:44", "end": "00:39:47", "text": "like I need to clean up probably one"}, {"start": "00:39:45", "end": "00:39:49", "text": "thing for my portfolio if I'm going to"}, {"start": "00:39:47", "end": "00:39:50", "text": "add the near bag. I just, you know,"}, {"start": "00:39:49", "end": "00:39:52", "text": "after talking to Kevin from the when"}, {"start": "00:39:50", "end": "00:39:53", "text": "shift happens yesterday, look, I've been"}, {"start": "00:39:52", "end": "00:39:54", "text": "looking at near for a while. I told you"}, {"start": "00:39:53", "end": "00:39:55", "text": "guys the other day when I bought Sooie"}, {"start": "00:39:54", "end": "00:39:58", "text": "that I said maybe I should buy Near"}, {"start": "00:39:55", "end": "00:40:00", "text": "instead, feel like Sooie's moved less,"}, {"start": "00:39:58", "end": "00:40:02", "text": "so maybe there's more upside, but also"}, {"start": "00:40:00", "end": "00:40:04", "text": "like Near's totally goated and like get"}, {"start": "00:40:02", "end": "00:40:07", "text": "this hot ball of money behind it that"}, {"start": "00:40:04", "end": "00:40:09", "text": "sometimes that's all you need. Anyway,"}, {"start": "00:40:07", "end": "00:40:13", "text": "that being said, I wanted to talk a"}, {"start": "00:40:09", "end": "00:40:16", "text": "little bit about why I think"}, {"start": "00:40:13", "end": "00:40:17", "text": "Salana as the uh more intriguing"}, {"start": "00:40:16", "end": "00:40:20", "text": "investment opportunity right now."}, {"start": "00:40:17", "end": "00:40:21", "text": "Because look, both ETH and Solano will"}, {"start": "00:40:20", "end": "00:40:23", "text": "do well, but they're different games"}, {"start": "00:40:21", "end": "00:40:25", "text": "right now."}, {"start": "00:40:23", "end": "00:40:27", "text": "The fact is, you know, Tom Lee's buying"}, {"start": "00:40:25", "end": "00:40:28", "text": "all this stuff, but his bid's about to"}, {"start": "00:40:27", "end": "00:40:31", "text": "run out. He's got another 60 70,000"}, {"start": "00:40:28", "end": "00:40:32", "text": "coins to stack up. Then you look at"}, {"start": "00:40:31", "end": "00:40:35", "text": "Salana, you start breaking down some of"}, {"start": "00:40:32", "end": "00:40:36", "text": "the numbers, you go, \"Oh, oh.\" So, look,"}, {"start": "00:40:35", "end": "00:40:40", "text": "Salana is five times smaller than"}, {"start": "00:40:36", "end": "00:40:43", "text": "Ethereum by market cap. But yesterday,"}, {"start": "00:40:40", "end": "00:40:45", "text": "it processed 60 times more transactions,"}, {"start": "00:40:43", "end": "00:40:46", "text": "made almost twice as much money from its"}, {"start": "00:40:45", "end": "00:40:49", "text": "apps, and did roughly five times"}, {"start": "00:40:46", "end": "00:40:51", "text": "perpetual volume. So, either the market"}, {"start": "00:40:49", "end": "00:40:53", "text": "knows something the data doesn't, or the"}, {"start": "00:40:51", "end": "00:40:56", "text": "market will get a rude wakeup call when"}, {"start": "00:40:53", "end": "00:40:59", "text": "Salana aggressively reprices, especially"}, {"start": "00:40:56", "end": "00:41:01", "text": "the uh Salana ETH ratio, I think needs"}, {"start": "00:40:59", "end": "00:41:03", "text": "to repric. So, let's look at the numbers"}, {"start": "00:41:01", "end": "00:41:04", "text": "because they're kind of wild. Ethereum"}, {"start": "00:41:03", "end": "00:41:06", "text": "is sitting around a $300 billion market"}, {"start": "00:41:04", "end": "00:41:11", "text": "cap. If it goes back to 500k, then it's"}, {"start": "00:41:06", "end": "00:41:13", "text": "worth $600 billion, which"}, {"start": "00:41:11", "end": "00:41:15", "text": "Salana feels ridiculous underpriced."}, {"start": "00:41:13", "end": "00:41:18", "text": "Salana, uh, it's around $60 billion"}, {"start": "00:41:15", "end": "00:41:21", "text": "market cap currently, ranked seven on"}, {"start": "00:41:18", "end": "00:41:24", "text": "the total market cap of coins. On paper,"}, {"start": "00:41:21", "end": "00:41:25", "text": "Ethereum is nearly five times bigger."}, {"start": "00:41:24", "end": "00:41:27", "text": "Okay, that's the scoreboard most people"}, {"start": "00:41:25", "end": "00:41:28", "text": "are looking at, and that's where"}, {"start": "00:41:27", "end": "00:41:30", "text": "probably most people stop. Oh, well,"}, {"start": "00:41:28", "end": "00:41:32", "text": "it's the bigger one must be winning on"}, {"start": "00:41:30", "end": "00:41:34", "text": "every metric, right? The market prices"}, {"start": "00:41:32", "end": "00:41:36", "text": "things perfectly all the time. I don't"}, {"start": "00:41:34", "end": "00:41:38", "text": "agree with that."}, {"start": "00:41:36", "end": "00:41:40", "text": "Market cap tells you what people think a"}, {"start": "00:41:38", "end": "00:41:42", "text": "network is worth. Okay? It doesn't tell"}, {"start": "00:41:40", "end": "00:41:45", "text": "you what the network is actually doing."}, {"start": "00:41:42", "end": "00:41:47", "text": "And I think what Salana is worth because"}, {"start": "00:41:45", "end": "00:41:49", "text": "of what it's doing is mispriced"}, {"start": "00:41:47", "end": "00:41:52", "text": "currently. And when you look at what"}, {"start": "00:41:49", "end": "00:41:53", "text": "these chains are actually doing, I think"}, {"start": "00:41:52", "end": "00:41:56", "text": "the picture actually flips. So in the"}, {"start": "00:41:53", "end": "00:41:59", "text": "last 24 hours, Salana handled 116"}, {"start": "00:41:56", "end": "00:42:02", "text": "million transactions. Ethereum's base"}, {"start": "00:41:59", "end": "00:42:04", "text": "layer about 1.8 million transactions."}, {"start": "00:42:02", "end": "00:42:08", "text": "Salana typically runs anywhere from"}, {"start": "00:42:04", "end": "00:42:11", "text": "a,000 to 5,000 plus real transactions"}, {"start": "00:42:08", "end": "00:42:14", "text": "per second. Those are crazy numbers."}, {"start": "00:42:11", "end": "00:42:16", "text": "Ethereum's main chain does 15 to 30. I"}, {"start": "00:42:14", "end": "00:42:18", "text": "know they have plans to upgrade that by"}, {"start": "00:42:16", "end": "00:42:22", "text": "10x, so it does 150 to 300, but still"}, {"start": "00:42:18", "end": "00:42:23", "text": "dramatically behind. Salana daily active"}, {"start": "00:42:22", "end": "00:42:25", "text": "addresses tell basically the same story."}, {"start": "00:42:23", "end": "00:42:28", "text": "Roughly 2.9 million daily active"}, {"start": "00:42:25", "end": "00:42:30", "text": "addresses on Salana versus about 450,000"}, {"start": "00:42:28", "end": "00:42:32", "text": "on Ethereum."}, {"start": "00:42:30", "end": "00:42:35", "text": "And it's not just raw activity. People"}, {"start": "00:42:32", "end": "00:42:37", "text": "are paying more to use Salana. Apps on"}, {"start": "00:42:35", "end": "00:42:38", "text": "Salana pulled in about $5 million in"}, {"start": "00:42:37", "end": "00:42:40", "text": "revenue yesterday versus around two and"}, {"start": "00:42:38", "end": "00:42:42", "text": "a half million for Ethereum. You zoom"}, {"start": "00:42:40", "end": "00:42:47", "text": "out to the 30-day time frame, Salana's"}, {"start": "00:42:42", "end": "00:42:49", "text": "apps did around 160 to $190 million in"}, {"start": "00:42:47", "end": "00:42:52", "text": "revenue. Ethereum's apps did about 50 to"}, {"start": "00:42:49", "end": "00:42:54", "text": "55 million in revenue. That's almost 4x"}, {"start": "00:42:52", "end": "00:42:57", "text": "more. It's not even close. Trading"}, {"start": "00:42:54", "end": "00:42:59", "text": "volume saled over $2 billion in spot"}, {"start": "00:42:57", "end": "00:43:01", "text": "decentralized exchange volume in the"}, {"start": "00:42:59", "end": "00:43:03", "text": "last 24 hours compared to about 1.4 4"}, {"start": "00:43:01", "end": "00:43:06", "text": "billion on Ethereum. So, it's leading"}, {"start": "00:43:03", "end": "00:43:08", "text": "spot volume. On the perpetual swap size,"}, {"start": "00:43:06", "end": "00:43:09", "text": "we're see more interesting. 2.4 billion"}, {"start": "00:43:08", "end": "00:43:11", "text": "for Salana versus 400 million for"}, {"start": "00:43:09", "end": "00:43:13", "text": "Ethereum. I know Hyperliquid own its own"}, {"start": "00:43:11", "end": "00:43:15", "text": "thing. We're not comparing Hyperl here."}, {"start": "00:43:13", "end": "00:43:16", "text": "Okay. Now, Ethereum fans are already"}, {"start": "00:43:15", "end": "00:43:19", "text": "typing in the comments section, of"}, {"start": "00:43:16", "end": "00:43:21", "text": "course. What about the TVL? The TVL."}, {"start": "00:43:19", "end": "00:43:24", "text": "Come on. You see DI TVL? Ethereum has"}, {"start": "00:43:21", "end": "00:43:26", "text": "about $50 billion locked in DeFi. Hats"}, {"start": "00:43:24", "end": "00:43:28", "text": "off. That's a huge number. Salana has"}, {"start": "00:43:26", "end": "00:43:31", "text": "about six billion. Way less. Ethereum"}, {"start": "00:43:28", "end": "00:43:33", "text": "leads by roughly 8 to1. But here's the"}, {"start": "00:43:31", "end": "00:43:35", "text": "hot take. Idle capital is overrated. A"}, {"start": "00:43:33", "end": "00:43:36", "text": "huge chunk of Ethereum's TVL is sitting"}, {"start": "00:43:35", "end": "00:43:37", "text": "liquid staking, restaking, and"}, {"start": "00:43:36", "end": "00:43:39", "text": "slowmoving blue chip protocols from"}, {"start": "00:43:37", "end": "00:43:40", "text": "Ethereum whales that are rich as [�__�]"}, {"start": "00:43:39", "end": "00:43:40", "text": "and just don't give a [�__�] And they're"}, {"start": "00:43:40", "end": "00:43:41", "text": "just sitting there in the tens of"}, {"start": "00:43:40", "end": "00:43:44", "text": "thousands of ETH collecting their"}, {"start": "00:43:41", "end": "00:43:45", "text": "staking revenue. That's it. That money"}, {"start": "00:43:44", "end": "00:43:47", "text": "is parked and it's not generating much"}, {"start": "00:43:45", "end": "00:43:49", "text": "new economic activity. Salana, by"}, {"start": "00:43:47", "end": "00:43:51", "text": "contrast, is doing more with $6 billion"}, {"start": "00:43:49", "end": "00:43:52", "text": "than Ethereum is doing with 50 billion."}, {"start": "00:43:51", "end": "00:43:54", "text": "Now, if you run a business and your"}, {"start": "00:43:52", "end": "00:43:56", "text": "competitor was generating more revenue"}, {"start": "00:43:54", "end": "00:43:57", "text": "with an eighth of the capital, you"}, {"start": "00:43:56", "end": "00:44:00", "text": "wouldn't call yourself a winner. You'd"}, {"start": "00:43:57", "end": "00:44:01", "text": "call a meeting. Then there's the layer"}, {"start": "00:44:00", "end": "00:44:03", "text": "two question. I want to be super fair"}, {"start": "00:44:01", "end": "00:44:04", "text": "here because this matters. If you add up"}, {"start": "00:44:03", "end": "00:44:06", "text": "all of Ethereum's layer 2, Base,"}, {"start": "00:44:04", "end": "00:44:08", "text": "Arbitum, Optimism, Robin Hood chain, all"}, {"start": "00:44:06", "end": "00:44:10", "text": "the rest of the BS, right? Ethereum's"}, {"start": "00:44:08", "end": "00:44:11", "text": "numbers look a lot better than we're"}, {"start": "00:44:10", "end": "00:44:14", "text": "currently presenting here. Still not"}, {"start": "00:44:11", "end": "00:44:16", "text": "Salana good, but a heck of a lot better."}, {"start": "00:44:14", "end": "00:44:18", "text": "Transactions go way up, fees come way"}, {"start": "00:44:16", "end": "00:44:21", "text": "down. That's real, and anyone ignoring"}, {"start": "00:44:18", "end": "00:44:23", "text": "that simply isn't being honest."}, {"start": "00:44:21", "end": "00:44:26", "text": "But Apple for Apple, Salana versus"}, {"start": "00:44:23", "end": "00:44:28", "text": "Ethereum, the picture is very different."}, {"start": "00:44:26", "end": "00:44:30", "text": "If you say, well, Ethereum has to be its"}, {"start": "00:44:28", "end": "00:44:32", "text": "entire layer 2 ecosystem as well. It's a"}, {"start": "00:44:30", "end": "00:44:34", "text": "different conversation. Still though,"}, {"start": "00:44:32", "end": "00:44:35", "text": "Salana, it looks incredibly good in that"}, {"start": "00:44:34", "end": "00:44:37", "text": "conversation. But that's not how numbers"}, {"start": "00:44:35", "end": "00:44:38", "text": "are breaking down today. But think about"}, {"start": "00:44:37", "end": "00:44:41", "text": "what all this actually means for the"}, {"start": "00:44:38", "end": "00:44:42", "text": "user. Okay, the layer 2 stuff. The"}, {"start": "00:44:41", "end": "00:44:44", "text": "modular vision was supposed to scale"}, {"start": "00:44:42", "end": "00:44:46", "text": "Ethereum while keeping it secure at the"}, {"start": "00:44:44", "end": "00:44:48", "text": "base layer. What has delivered is"}, {"start": "00:44:46", "end": "00:44:50", "text": "liquidity scattered across dozens of"}, {"start": "00:44:48", "end": "00:44:52", "text": "chains, bridges you have to trust when"}, {"start": "00:44:50", "end": "00:44:54", "text": "we've seen huge bridge exploits, and a"}, {"start": "00:44:52", "end": "00:44:55", "text": "user experience where you need to know"}, {"start": "00:44:54", "end": "00:44:57", "text": "which network your tokens are even on."}, {"start": "00:44:55", "end": "00:45:02", "text": "Have you ever got money stuck in a"}, {"start": "00:44:57", "end": "00:45:03", "text": "bridge? [�__�] dude, that sucks. Hours"}, {"start": "00:45:02", "end": "00:45:05", "text": "and hours trying to figure out how to"}, {"start": "00:45:03", "end": "00:45:07", "text": "get your money unstuck. Not a great"}, {"start": "00:45:05", "end": "00:45:10", "text": "experience. Salana just does it all one"}, {"start": "00:45:07", "end": "00:45:11", "text": "place. One state, one chain, one set of"}, {"start": "00:45:10", "end": "00:45:15", "text": "rules. Developers can reason about it"}, {"start": "00:45:11", "end": "00:45:17", "text": "all. Users don't need the map. The more"}, {"start": "00:45:15", "end": "00:45:18", "text": "Ethereum leans on layer 2s, the more it"}, {"start": "00:45:17", "end": "00:45:20", "text": "starts to look like a settlement layer"}, {"start": "00:45:18", "end": "00:45:21", "text": "for a messy multi-chain world, not the"}, {"start": "00:45:20", "end": "00:45:24", "text": "place where everything actually happens,"}, {"start": "00:45:21", "end": "00:45:25", "text": "which is Salana. And let's talk fees"}, {"start": "00:45:24", "end": "00:45:27", "text": "because this is where it starts to get a"}, {"start": "00:45:25", "end": "00:45:29", "text": "little brutal. See, a typical Salana"}, {"start": "00:45:27", "end": "00:45:31", "text": "transaction costs just a fraction of a"}, {"start": "00:45:29", "end": "00:45:32", "text": "cent. Fraction of a cent. 10 bucks worth"}, {"start": "00:45:31", "end": "00:45:35", "text": "of probably literally do a thousand"}, {"start": "00:45:32", "end": "00:45:36", "text": "transactions. Ethereum mainet fees can"}, {"start": "00:45:35", "end": "00:45:38", "text": "run anywhere from 10 cents to several"}, {"start": "00:45:36", "end": "00:45:39", "text": "dollars depending on network congestion."}, {"start": "00:45:38", "end": "00:45:41", "text": "Yes, we saw these issues. It's way less"}, {"start": "00:45:39", "end": "00:45:45", "text": "than it used to be. literally have paid"}, {"start": "00:45:41", "end": "00:45:48", "text": "$2 or $300 to use unis swap back in 2021"}, {"start": "00:45:45", "end": "00:45:50", "text": "for one transaction."}, {"start": "00:45:48", "end": "00:45:52", "text": "But even the cheap layer 2s often land"}, {"start": "00:45:50", "end": "00:45:53", "text": "between5 and 30 cents. So it's still"}, {"start": "00:45:52", "end": "00:45:55", "text": "cheap. I mean no one's going to sit"}, {"start": "00:45:53", "end": "00:45:58", "text": "around complain about a 30 cent fee, but"}, {"start": "00:45:55", "end": "00:46:01", "text": "it ain't sub sub penny, is it? Finally,"}, {"start": "00:45:58", "end": "00:46:02", "text": "on Salana, uh we are seeing things start"}, {"start": "00:46:01", "end": "00:46:04", "text": "to be measured in uh hundreds of"}, {"start": "00:46:02", "end": "00:46:06", "text": "milliseconds when it comes to finality,"}, {"start": "00:46:04", "end": "00:46:08", "text": "which is really insane on Ethereum."}, {"start": "00:46:06", "end": "00:46:09", "text": "Mainet economic finality takes minutes."}, {"start": "00:46:08", "end": "00:46:10", "text": "So, if you're building something for"}, {"start": "00:46:09", "end": "00:46:12", "text": "regular people, that difference is"}, {"start": "00:46:10", "end": "00:46:14", "text": "everything. This is the instantaneous"}, {"start": "00:46:12", "end": "00:46:17", "text": "we've received your payment notification"}, {"start": "00:46:14", "end": "00:46:19", "text": "versus it's going to be a minute."}, {"start": "00:46:17", "end": "00:46:22", "text": "Now, the classic dismissal salon's"}, {"start": "00:46:19", "end": "00:46:24", "text": "revenue is just memecoins."}, {"start": "00:46:22", "end": "00:46:25", "text": "I I hear I've literally said that"}, {"start": "00:46:24", "end": "00:46:29", "text": "yesterday in the comment section here on"}, {"start": "00:46:25", "end": "00:46:29", "text": "the on the stream."}, {"start": "00:46:29", "end": "00:46:34", "text": "And yeah, look, launchpads, trading"}, {"start": "00:46:33", "end": "00:46:36", "text": "terminals, meme coins are definitely a"}, {"start": "00:46:34", "end": "00:46:39", "text": "big part of the economic revenue of"}, {"start": "00:46:36", "end": "00:46:41", "text": "Salana. Some breakdowns put consumer"}, {"start": "00:46:39", "end": "00:46:43", "text": "apps, retail apps, at around 80% of"}, {"start": "00:46:41", "end": "00:46:46", "text": "Salana's app revenue. But here's the"}, {"start": "00:46:43", "end": "00:46:48", "text": "thing. This is what mass consumer"}, {"start": "00:46:46", "end": "00:46:52", "text": "adoption looks like in crypto right now."}, {"start": "00:46:48", "end": "00:46:54", "text": "Salana is mass consumer adoption. It's"}, {"start": "00:46:52", "end": "00:46:56", "text": "winning the retail game. Speculative"}, {"start": "00:46:54", "end": "00:46:58", "text": "apps are the on-ramps. And if you're old"}, {"start": "00:46:56", "end": "00:47:00", "text": "enough in this space, you'll remember"}, {"start": "00:46:58", "end": "00:47:03", "text": "people dismissing Ethereum"}, {"start": "00:47:00", "end": "00:47:05", "text": "back in the day. It's just a casino for"}, {"start": "00:47:03", "end": "00:47:06", "text": "ICOs. There's no other use cases for it."}, {"start": "00:47:05", "end": "00:47:08", "text": "the same energy is trying to dismiss"}, {"start": "00:47:06", "end": "00:47:10", "text": "Salana right now because Bemecoins are"}, {"start": "00:47:08", "end": "00:47:12", "text": "popular on it. Same energy, man. What"}, {"start": "00:47:10", "end": "00:47:14", "text": "about the institutions? Well, Ethereum's"}, {"start": "00:47:12", "end": "00:47:17", "text": "US spot ETFs hold around 14.5 billion"}, {"start": "00:47:14", "end": "00:47:21", "text": "worth of ETH with about $13 billion of"}, {"start": "00:47:17", "end": "00:47:25", "text": "net inflows since launch. Salana ETFs"}, {"start": "00:47:21", "end": "00:47:28", "text": "around 1.7 billion. Big gap, big gap."}, {"start": "00:47:25", "end": "00:47:29", "text": "Salana's ETFs are newer, so there's that"}, {"start": "00:47:28", "end": "00:47:31", "text": "to contend with. They've already pulled"}, {"start": "00:47:29", "end": "00:47:33", "text": "in over $ 1.5 billion in cumulative"}, {"start": "00:47:31", "end": "00:47:35", "text": "inflows despite some recent outflows."}, {"start": "00:47:33", "end": "00:47:38", "text": "But there is a big gap here in the"}, {"start": "00:47:35", "end": "00:47:39", "text": "money. Institutional money is slow, but"}, {"start": "00:47:38", "end": "00:47:42", "text": "institutional money also really likes"}, {"start": "00:47:39", "end": "00:47:44", "text": "Ethereum. They're listening to Tom Lee,"}, {"start": "00:47:42", "end": "00:47:46", "text": "right? And we don't have an a Salana Tom"}, {"start": "00:47:44", "end": "00:47:48", "text": "Lee."}, {"start": "00:47:46", "end": "00:47:50", "text": "If Salana's uptime keeps uh story keeps"}, {"start": "00:47:48", "end": "00:47:52", "text": "stabilizing, of course, the gap might"}, {"start": "00:47:50", "end": "00:47:54", "text": "close faster than people think. You"}, {"start": "00:47:52", "end": "00:47:55", "text": "know, we've had all those outages that"}, {"start": "00:47:54", "end": "00:47:56", "text": "have happened previously in Salana."}, {"start": "00:47:55", "end": "00:47:58", "text": "Maybe that's kept the big Wall Street"}, {"start": "00:47:56", "end": "00:48:01", "text": "money away, but it's been years since"}, {"start": "00:47:58", "end": "00:48:03", "text": "the last outage on uh Salonos. Maybe"}, {"start": "00:48:01", "end": "00:48:05", "text": "it's not a big deal anymore either."}, {"start": "00:48:03", "end": "00:48:07", "text": "Real world assets. Very interesting"}, {"start": "00:48:05", "end": "00:48:08", "text": "story here as well. Ethereum leads about"}, {"start": "00:48:07", "end": "00:48:10", "text": "17 billion in tokenized real world"}, {"start": "00:48:08", "end": "00:48:12", "text": "assets. But again, a lot of just passive"}, {"start": "00:48:10", "end": "00:48:14", "text": "sitting there. Salon is at about 4.4"}, {"start": "00:48:12", "end": "00:48:16", "text": "billion. So about a quarter as many real"}, {"start": "00:48:14", "end": "00:48:18", "text": "world assets, but Salon has grown from"}, {"start": "00:48:16", "end": "00:48:20", "text": "around 700 million a year ago and is"}, {"start": "00:48:18", "end": "00:48:23", "text": "leading on tokenized equity trading most"}, {"start": "00:48:20", "end": "00:48:26", "text": "importantly and retail holder accounts."}, {"start": "00:48:23", "end": "00:48:28", "text": "More people hold stocks on Salana than"}, {"start": "00:48:26", "end": "00:48:30", "text": "they do on Ethereum, but Ethereum just"}, {"start": "00:48:28", "end": "00:48:33", "text": "has bigger brute numbers. Again, whales"}, {"start": "00:48:30", "end": "00:48:34", "text": "holding huge amounts of money. Salana is"}, {"start": "00:48:33", "end": "00:48:36", "text": "kind of becoming the people's chain and"}, {"start": "00:48:34", "end": "00:48:41", "text": "Ethereum is quickly becoming ironically"}, {"start": "00:48:36", "end": "00:48:43", "text": "the suit chain. Sorry XRP bros,"}, {"start": "00:48:41", "end": "00:48:44", "text": "Ethereum's eating your lunch. And the"}, {"start": "00:48:43", "end": "00:48:45", "text": "decentralization argument, look,"}, {"start": "00:48:44", "end": "00:48:48", "text": "Ethereum still wins on validated account"}, {"start": "00:48:45", "end": "00:48:50", "text": "and geographic spread. Obviously, no"}, {"start": "00:48:48", "end": "00:48:52", "text": "question. But resilience is also about"}, {"start": "00:48:50", "end": "00:48:55", "text": "client diversity and actual producing"}, {"start": "00:48:52", "end": "00:48:57", "text": "blocks under load and upgrades for"}, {"start": "00:48:55", "end": "00:48:58", "text": "Salana like fired dancer have narrowed"}, {"start": "00:48:57", "end": "00:49:01", "text": "the practical gap more than Ethereum"}, {"start": "00:48:58", "end": "00:49:03", "text": "maximus want to admit. Perfect"}, {"start": "00:49:01", "end": "00:49:06", "text": "decentralization at 20 transactions per"}, {"start": "00:49:03", "end": "00:49:08", "text": "second is less useful than good enough"}, {"start": "00:49:06", "end": "00:49:09", "text": "decentralization at thousands of"}, {"start": "00:49:08", "end": "00:49:11", "text": "transactions per second with subsent"}, {"start": "00:49:09", "end": "00:49:13", "text": "fees. I mean how much permissionless"}, {"start": "00:49:11", "end": "00:49:17", "text": "decentralization do you really need to"}, {"start": "00:49:13", "end": "00:49:17", "text": "trade $5 of a catcoin?"}, {"start": "00:49:18", "end": "00:49:21", "text": "doesn't dismiss Ethereum, doesn't"}, {"start": "00:49:19", "end": "00:49:24", "text": "dismiss Salana, but it lets you know"}, {"start": "00:49:21", "end": "00:49:27", "text": "where they stand. So, here's why I land"}, {"start": "00:49:24", "end": "00:49:29", "text": "and why Salana for me is the second"}, {"start": "00:49:27", "end": "00:49:33", "text": "biggest holding in my portfolio right"}, {"start": "00:49:29", "end": "00:49:36", "text": "now after Bitcoin."}, {"start": "00:49:33", "end": "00:49:37", "text": "At $60 billion versus a $300 billion"}, {"start": "00:49:36", "end": "00:49:40", "text": "market cap, the market is still pricing"}, {"start": "00:49:37", "end": "00:49:41", "text": "Salana like Ethereum's high beta"}, {"start": "00:49:40", "end": "00:49:44", "text": "sidekick, not its peer. I think that's"}, {"start": "00:49:41", "end": "00:49:45", "text": "wrong. That discount only makes sense to"}, {"start": "00:49:44", "end": "00:49:48", "text": "believe Salana is is structurally"}, {"start": "00:49:45", "end": "00:49:50", "text": "riskier and less serious. And yes, it's"}, {"start": "00:49:48", "end": "00:49:51", "text": "had its problems from time to time, but"}, {"start": "00:49:50", "end": "00:49:53", "text": "the history is real and it's why"}, {"start": "00:49:51", "end": "00:49:55", "text": "institutions perhaps remaining cautious."}, {"start": "00:49:53", "end": "00:49:58", "text": "But the onchain data is increasingly"}, {"start": "00:49:55", "end": "00:50:00", "text": "challenging the assumption and markets"}, {"start": "00:49:58", "end": "00:50:03", "text": "are sticky until suddenly they aren't."}, {"start": "00:50:00", "end": "00:50:06", "text": "When the narratives flip, gaps can"}, {"start": "00:50:03", "end": "00:50:08", "text": "compress violently. And I don't see a"}, {"start": "00:50:06", "end": "00:50:11", "text": "very compelling reason why today Salana"}, {"start": "00:50:08", "end": "00:50:13", "text": "is only worth 1if of what Ethereum is"}, {"start": "00:50:11", "end": "00:50:15", "text": "worth."}, {"start": "00:50:13", "end": "00:50:19", "text": "And if Ethereum goes to $10,000, even if"}, {"start": "00:50:15", "end": "00:50:22", "text": "it were to keep the same ratio, oh man,"}, {"start": "00:50:19", "end": "00:50:23", "text": "Solana is going way higher. But I don't"}, {"start": "00:50:22", "end": "00:50:26", "text": "think that ratio stays the same. I think"}, {"start": "00:50:23", "end": "00:50:28", "text": "that the ETH soul ratio closes a lot"}, {"start": "00:50:26", "end": "00:50:31", "text": "this cycle. I don't think we get to"}, {"start": "00:50:28", "end": "00:50:33", "text": "parody. We don't have to get to par. But"}, {"start": "00:50:31", "end": "00:50:34", "text": "a 2:1 outperformance of Salana versus"}, {"start": "00:50:33", "end": "00:50:36", "text": "Ethereum, I think becomes a very real"}, {"start": "00:50:34", "end": "00:50:38", "text": "possibility. Now look, Ethereum is still"}, {"start": "00:50:36", "end": "00:50:40", "text": "the safer institutional bet, the deeper"}, {"start": "00:50:38", "end": "00:50:42", "text": "pool of capital. And I'm not"}, {"start": "00:50:40", "end": "00:50:43", "text": "anti-thereum by any means, but I think"}, {"start": "00:50:42", "end": "00:50:45", "text": "there could be better upside in other"}, {"start": "00:50:43", "end": "00:50:46", "text": "things. I'm not saying Ethereum is going"}, {"start": "00:50:45", "end": "00:50:49", "text": "anywhere. I like Ethereum. I use"}, {"start": "00:50:46", "end": "00:50:51", "text": "Ethereum all the time. But Salana is"}, {"start": "00:50:49", "end": "00:50:53", "text": "winning the race that might matter more."}, {"start": "00:50:51", "end": "00:50:56", "text": "Actual usage, insane speed, super low"}, {"start": "00:50:53", "end": "00:50:59", "text": "costs, and getting real people on chain,"}, {"start": "00:50:56", "end": "00:51:02", "text": "bringing millions of retail users into"}, {"start": "00:50:59", "end": "00:51:03", "text": "the crypto ecosystem. And in a world"}, {"start": "00:51:02", "end": "00:51:05", "text": "where blockchains are competing to be"}, {"start": "00:51:03", "end": "00:51:07", "text": "the money rails for billions of people,"}, {"start": "00:51:05", "end": "00:51:08", "text": "the chain that feels fast and cheap"}, {"start": "00:51:07", "end": "00:51:11", "text": "tends to win more often than the one"}, {"start": "00:51:08", "end": "00:51:13", "text": "that feels secure and expensive. Doesn't"}, {"start": "00:51:11", "end": "00:51:14", "text": "mean they both can't win. Ethereum can"}, {"start": "00:51:13", "end": "00:51:16", "text": "become the institutional chain where"}, {"start": "00:51:14", "end": "00:51:19", "text": "Black Rockck tokenizes hundreds of"}, {"start": "00:51:16", "end": "00:51:21", "text": "billions of dollars worth of stocks and"}, {"start": "00:51:19", "end": "00:51:23", "text": "big whales buy it and sit on them and do"}, {"start": "00:51:21", "end": "00:51:25", "text": "nothing with it. Salana could be the"}, {"start": "00:51:23", "end": "00:51:27", "text": "place where people are buying Bonercoin"}, {"start": "00:51:25", "end": "00:51:29", "text": "and then taking their profits and"}, {"start": "00:51:27", "end": "00:51:32", "text": "putting buying 10 bucks a Tesla and"}, {"start": "00:51:29", "end": "00:51:32", "text": "holding it on chain."}, {"start": "00:51:34", "end": "00:51:38", "text": "If you look at just the market cap,"}, {"start": "00:51:36", "end": "00:51:41", "text": "you're reading last year's scoreboard."}, {"start": "00:51:38", "end": "00:51:42", "text": "And for me, for me, Salana continues to"}, {"start": "00:51:41", "end": "00:51:44", "text": "feel underpriced by the market. And it's"}, {"start": "00:51:42", "end": "00:51:45", "text": "a gap that I don't think lasts forever"}, {"start": "00:51:44", "end": "00:51:48", "text": "personally."}, {"start": "00:51:45", "end": "00:51:51", "text": "Anyway,"}, {"start": "00:51:48", "end": "00:51:55", "text": "that's my opinion. I'm sticking to it."}, {"start": "00:51:51", "end": "00:51:55", "text": "Let's continue here."}, {"start": "00:51:56", "end": "00:52:00", "text": "Tokenization doesn't bring in revenue uh"}, {"start": "00:51:59", "end": "00:52:02", "text": "to help the Canton $750 million in"}, {"start": "00:52:00", "end": "00:52:03", "text": "transaction. Oh yeah, it definitely"}, {"start": "00:52:02", "end": "00:52:05", "text": "brings in revenue for the chains 100%."}, {"start": "00:52:03", "end": "00:52:07", "text": "But they but"}, {"start": "00:52:05", "end": "00:52:09", "text": "people have to transact. See, it's the"}, {"start": "00:52:07", "end": "00:52:10", "text": "thing is it take Ethereum for example."}, {"start": "00:52:09", "end": "00:52:13", "text": "If you have a bunch of whales that are"}, {"start": "00:52:10", "end": "00:52:15", "text": "buying like Black Rockck's bidding"}, {"start": "00:52:13", "end": "00:52:17", "text": "to buy a bunch of tokenized US"}, {"start": "00:52:15", "end": "00:52:20", "text": "treasuries or something like that and"}, {"start": "00:52:17", "end": "00:52:21", "text": "then just sit on them. Whereas Salana's"}, {"start": "00:52:20", "end": "00:52:24", "text": "got much higher velocity. There's like a"}, {"start": "00:52:21", "end": "00:52:25", "text": "million people on Salana holding stocks"}, {"start": "00:52:24", "end": "00:52:27", "text": "and it's got higher velocity because"}, {"start": "00:52:25", "end": "00:52:29", "text": "people are trading in and out of this"}, {"start": "00:52:27", "end": "00:52:30", "text": "stuff a lot more on chain, right? And"}, {"start": "00:52:29", "end": "00:52:32", "text": "yeah, Canton, great example. $750"}, {"start": "00:52:30", "end": "00:52:34", "text": "million in transaction fees. It's nuts,"}, {"start": "00:52:32", "end": "00:52:35", "text": "man."}, {"start": "00:52:34", "end": "00:52:36", "text": "[clears throat]"}, {"start": "00:52:35", "end": "00:52:39", "text": "Have a sneaky suspicion. He likes"}, {"start": "00:52:36", "end": "00:52:39", "text": "Salana. [laughter]"}, {"start": "00:52:42", "end": "00:52:46", "text": "Yeah. Uh, look, Canton's an interesting"}, {"start": "00:52:43", "end": "00:52:48", "text": "one. We we covered Canton, by the way,"}, {"start": "00:52:46", "end": "00:52:50", "text": "uh, back in gosh, just shortly after it"}, {"start": "00:52:48", "end": "00:52:52", "text": "launched. Definitely interesting. The"}, {"start": "00:52:50", "end": "00:52:53", "text": "burns are interesting and uh se"}, {"start": "00:52:52", "end": "00:52:57", "text": "certainly some worth paying attention"}, {"start": "00:52:53", "end": "00:52:59", "text": "to. Canton and what's the um the uh Edel"}, {"start": "00:52:57", "end": "00:53:00", "text": "Ede Finance, right? That's also an"}, {"start": "00:52:59", "end": "00:53:02", "text": "interesting one worth paying attention."}, {"start": "00:53:00", "end": "00:53:03", "text": "One that I've got on my short list of"}, {"start": "00:53:02", "end": "00:53:05", "text": "potentially something to get instead of"}, {"start": "00:53:03", "end": "00:53:08", "text": "getting another layer one exposure if I"}, {"start": "00:53:05", "end": "00:53:10", "text": "can on go for the you know DEX play with"}, {"start": "00:53:08", "end": "00:53:11", "text": "the low cap sort of thing. Haven't done"}, {"start": "00:53:10", "end": "00:53:15", "text": "that yet. I may not do that but I'm"}, {"start": "00:53:11", "end": "00:53:15", "text": "definitely keeping an eye on it."}, {"start": "00:53:20", "end": "00:53:23", "text": "Pew pew. Are you smoking the devil's"}, {"start": "00:53:22", "end": "00:53:25", "text": "lettuce, too? What are you guys talking"}, {"start": "00:53:23", "end": "00:53:28", "text": "about here? The devil's lettuce. Oh,"}, {"start": "00:53:25", "end": "00:53:28", "text": "boy."}, {"start": "00:53:28", "end": "00:53:35", "text": "Oh, yeah. Back to my youth. Listen to"}, {"start": "00:53:32", "end": "00:53:38", "text": "311. Lighting up some devil lettuce."}, {"start": "00:53:35", "end": "00:53:40", "text": "There. There you go."}, {"start": "00:53:38", "end": "00:53:42", "text": "Ethereum is not going to $10,000 even in"}, {"start": "00:53:40", "end": "00:53:45", "text": "your wetest dreams, bro. Yeah, I think"}, {"start": "00:53:42", "end": "00:53:46", "text": "it will. I think it will. I don't"}, {"start": "00:53:45", "end": "00:53:49", "text": "understand the pessimism. I think"}, {"start": "00:53:46", "end": "00:53:53", "text": "Ethereum can't go to $10,000. If we get"}, {"start": "00:53:49", "end": "00:53:55", "text": "an even sort of modest bull run, ETH"}, {"start": "00:53:53", "end": "00:53:58", "text": "going to $10,000 is not in any way"}, {"start": "00:53:55", "end": "00:54:00", "text": "crazy. It isn't. It isn't crazy at all."}, {"start": "00:53:58", "end": "00:54:02", "text": "I don't know why it sounds like a crazy"}, {"start": "00:54:00", "end": "00:54:04", "text": "thing. Now, some of like, you know, Tom"}, {"start": "00:54:02", "end": "00:54:06", "text": "Lee's like, \"Oh, it's going to $60,000.\""}, {"start": "00:54:04", "end": "00:54:08", "text": "Like, ah, maybe in a few decades, bro."}, {"start": "00:54:06", "end": "00:54:10", "text": "Like, I don't know. Maybe I'm I'm overly"}, {"start": "00:54:08", "end": "00:54:12", "text": "pessimistic, but $10,000 is not a crazy"}, {"start": "00:54:10", "end": "00:54:13", "text": "price target at all for Ethereum. It's"}, {"start": "00:54:12", "end": "00:54:15", "text": "literally only 100% over the previous"}, {"start": "00:54:13", "end": "00:54:18", "text": "all-time high. like it's nothing to be"}, {"start": "00:54:15", "end": "00:54:18", "text": "honest."}, {"start": "00:54:25", "end": "00:54:31", "text": "Let me see. Mark hasn't taken a breath"}, {"start": "00:54:27", "end": "00:54:35", "text": "[laughter] in like 10 minutes."}, {"start": "00:54:31", "end": "00:54:35", "text": "Ah, it's like that sometimes."}, {"start": "00:54:43", "end": "00:54:49", "text": "Injective for me. Thank you. ETH is for"}, {"start": "00:54:47", "end": "00:54:51", "text": "the rich. Soul is for the plebs. That's"}, {"start": "00:54:49", "end": "00:54:54", "text": "how we should view it. It's interesting"}, {"start": "00:54:51", "end": "00:54:54", "text": "way to look at it."}, {"start": "00:55:04", "end": "00:55:08", "text": "This guy talks like AI."}, {"start": "00:55:14", "end": "00:55:18", "text": "Pretty sure I'm real."}, {"start": "00:55:16", "end": "00:55:21", "text": "[laughter]"}, {"start": "00:55:18", "end": "00:55:21", "text": "Oh boy."}, {"start": "00:55:24", "end": "00:55:29", "text": "I think his camera is mirrored. No, no,"}, {"start": "00:55:26", "end": "00:55:30", "text": "it's not."}, {"start": "00:55:29", "end": "00:55:34", "text": "No, it's [laughter] not mirrored."}, {"start": "00:55:30", "end": "00:55:34", "text": "Otherwise, my name would be backwards."}, {"start": "00:55:34", "end": "00:55:39", "text": "It's fine. Couple more questions here"}, {"start": "00:55:35", "end": "00:55:39", "text": "from you guys."}, {"start": "00:55:41", "end": "00:55:46", "text": "Had a bag of Edel for about six months."}, {"start": "00:55:43", "end": "00:55:47", "text": "Nice. Nice. Last few months price"}, {"start": "00:55:46", "end": "00:55:49", "text": "action. Pretty good for it, man. So,"}, {"start": "00:55:47", "end": "00:55:52", "text": "congratulations."}, {"start": "00:55:49", "end": "00:55:55", "text": "Hope you're up nicely on it. Hi. You"}, {"start": "00:55:52", "end": "00:55:56", "text": "know what? Thank you, Bob. I appreciate"}, {"start": "00:55:55", "end": "00:55:58", "text": "that. Do I even have any water here? I"}, {"start": "00:55:56", "end": "00:56:00", "text": "don't. I don't. I don't even have any"}, {"start": "00:55:58", "end": "00:56:02", "text": "water to hydrate with. Hold on a second."}, {"start": "00:56:00", "end": "00:56:04", "text": "Hold on. What do we got here? Oh, we got"}, {"start": "00:56:02", "end": "00:56:07", "text": "some Pererry here, man. That's what we"}, {"start": "00:56:04", "end": "00:56:08", "text": "got. Let's get some Perry in there."}, {"start": "00:56:07", "end": "00:56:13", "text": "That's That's a great reminder, Bob."}, {"start": "00:56:08", "end": "00:56:13", "text": "Fantastic. Appreciate that."}, {"start": "00:56:14", "end": "00:56:20", "text": "Oh, yeah. I needed that. That's great."}, {"start": "00:56:17", "end": "00:56:23", "text": "That's great. All right, couple more"}, {"start": "00:56:20", "end": "00:56:26", "text": "charts here for you guys. What do we"}, {"start": "00:56:23", "end": "00:56:28", "text": "got? We got Athena. Oh boy, fantastic"}, {"start": "00:56:26", "end": "00:56:30", "text": "timing. My 22cent purchase there, but uh"}, {"start": "00:56:28", "end": "00:56:31", "text": "hey, it's back up to 20 cents. We're"}, {"start": "00:56:30", "end": "00:56:33", "text": "only down to like 10%. It's cool. It's"}, {"start": "00:56:31", "end": "00:56:35", "text": "fine. It's normal. Went down to 18"}, {"start": "00:56:33", "end": "00:56:39", "text": "cents, though. Still in a downtrend."}, {"start": "00:56:35", "end": "00:56:42", "text": "Still putting in lower highs, lower lows"}, {"start": "00:56:39", "end": "00:56:43", "text": "until that trend changes."}, {"start": "00:56:42", "end": "00:56:45", "text": "We should expect more of the same. Let's"}, {"start": "00:56:43", "end": "00:56:46", "text": "see if we actually get some bounce here."}, {"start": "00:56:45", "end": "00:56:48", "text": "Look, this looks like a lot of the other"}, {"start": "00:56:46", "end": "00:56:50", "text": "charts in crypto right now. A lot of"}, {"start": "00:56:48", "end": "00:56:52", "text": "these things came back down, hit the 50,"}, {"start": "00:56:50", "end": "00:56:55", "text": "even 200 days in some examples like we"}, {"start": "00:56:52", "end": "00:56:57", "text": "talked about. So yeah,"}, {"start": "00:56:55", "end": "00:56:59", "text": "pump fun, you know, I was thinking about"}, {"start": "00:56:57", "end": "00:57:01", "text": "pump fun earlier."}, {"start": "00:56:59", "end": "00:57:05", "text": "Owning pump fun feels like owning Palent"}, {"start": "00:57:01", "end": "00:57:08", "text": "here. It's like, you know, that"}, {"start": "00:57:05", "end": "00:57:10", "text": "evil prevails. Let's put it that way."}, {"start": "00:57:08", "end": "00:57:13", "text": "But damn, they have got a great uh token"}, {"start": "00:57:10", "end": "00:57:16", "text": "buyback mechanism. So we'll take it."}, {"start": "00:57:13", "end": "00:57:20", "text": "We'll take it, man. Stonk. Ah, hey, this"}, {"start": "00:57:16", "end": "00:57:22", "text": "thing is so beaten up. It's crazy. Oh,"}, {"start": "00:57:20", "end": "00:57:24", "text": "boy. Anyway,"}, {"start": "00:57:22", "end": "00:57:26", "text": "half my money gone on that one. I think"}, {"start": "00:57:24", "end": "00:57:27", "text": "it comes back. I think the revenues are"}, {"start": "00:57:26", "end": "00:57:30", "text": "pretty strong on this. We have a huge"}, {"start": "00:57:27", "end": "00:57:31", "text": "bullish RSI divergence formed up here"}, {"start": "00:57:30", "end": "00:57:33", "text": "and a potential uh bullish engulfing."}, {"start": "00:57:31", "end": "00:57:34", "text": "This is the 4 hour chart, mind you. So,"}, {"start": "00:57:33", "end": "00:57:36", "text": "put it on the daily. It's probably going"}, {"start": "00:57:34", "end": "00:57:38", "text": "to look a lot a little bit less hot, but"}, {"start": "00:57:36", "end": "00:57:42", "text": "uh actually looks even kind of better on"}, {"start": "00:57:38", "end": "00:57:43", "text": "the daily. Nice uh nice uh what do you"}, {"start": "00:57:42", "end": "00:57:45", "text": "call that candle? was a name for that"}, {"start": "00:57:43", "end": "00:57:46", "text": "candle pattern escapes my brain right"}, {"start": "00:57:45", "end": "00:57:49", "text": "now. But basically, you saw a lot of"}, {"start": "00:57:46", "end": "00:57:51", "text": "buyers step in, push it up, hammer,"}, {"start": "00:57:49", "end": "00:57:53", "text": "that's it. Nice little hammer at the end"}, {"start": "00:57:51", "end": "00:57:55", "text": "of this downtrend. Could be a reversal"}, {"start": "00:57:53", "end": "00:57:58", "text": "here for us. But, you know, it's got a"}, {"start": "00:57:55", "end": "00:58:01", "text": "long way to go still. Long way to go."}, {"start": "00:57:58", "end": "00:58:02", "text": "Let's just"}, {"start": "00:58:01", "end": "00:58:05", "text": "clear this uh clear us up a little bit"}, {"start": "00:58:02", "end": "00:58:07", "text": "for you. We can set so much crap around"}, {"start": "00:58:05", "end": "00:58:09", "text": "on this chart here."}, {"start": "00:58:07", "end": "00:58:12", "text": "Just tidy up just a little bit. There"}, {"start": "00:58:09", "end": "00:58:15", "text": "you go. All right. You see a downtrend a"}, {"start": "00:58:12", "end": "00:58:17", "text": "bit clear. Very just non-stop downtrend"}, {"start": "00:58:15", "end": "00:58:18", "text": "here. But maybe, just maybe, we're"}, {"start": "00:58:17", "end": "00:58:22", "text": "heading into a point where we might see"}, {"start": "00:58:18", "end": "00:58:23", "text": "a reversal on that. Let's see. Hey, I"}, {"start": "00:58:22", "end": "00:58:24", "text": "have a free newsletter. It's an awesome"}, {"start": "00:58:23", "end": "00:58:26", "text": "free newsletter. You trades the day and"}, {"start": "00:58:24", "end": "00:58:28", "text": "all that fun kind of stuff. Link down"}, {"start": "00:58:26", "end": "00:58:30", "text": "below. It's literally free. You can"}, {"start": "00:58:28", "end": "00:58:32", "text": "check it out or you can hit this uh QR"}, {"start": "00:58:30", "end": "00:58:35", "text": "code up here. Or if you're watching this"}, {"start": "00:58:32", "end": "00:58:38", "text": "on X, you can also uh grab the link over"}, {"start": "00:58:35", "end": "00:58:38", "text": "there. Okay."}, {"start": "00:58:46", "end": "00:58:49", "text": "And there are plenty of Casper channels."}, {"start": "00:58:48", "end": "00:58:50", "text": "That's what I'm probably going to do is"}, {"start": "00:58:49", "end": "00:58:54", "text": "start up a channel to educate people on."}, {"start": "00:58:50", "end": "00:58:58", "text": "Yes, dude. Dude, yes. Absolutely. You"}, {"start": "00:58:54", "end": "00:58:59", "text": "know, sometimes people come and uh like,"}, {"start": "00:58:58", "end": "00:59:02", "text": "Lark, how can you not talk about my"}, {"start": "00:58:59", "end": "00:59:03", "text": "coin? H how do you not own my coin? Go"}, {"start": "00:59:02", "end": "00:59:05", "text": "back to the conversation I had on the"}, {"start": "00:59:03", "end": "00:59:07", "text": "whole portfolio thing. Um you know,"}, {"start": "00:59:05", "end": "00:59:09", "text": "seven signs your portfolio sucks, right?"}, {"start": "00:59:07", "end": "00:59:11", "text": "Uh, look,"}, {"start": "00:59:09", "end": "00:59:14", "text": "I don't want to own every coin. I really"}, {"start": "00:59:11", "end": "00:59:16", "text": "don't. When I got into crypto investing"}, {"start": "00:59:14", "end": "00:59:19", "text": "back in 2017,"}, {"start": "00:59:16", "end": "00:59:20", "text": "geez louise, by by the end of my first,"}, {"start": "00:59:19", "end": "00:59:23", "text": "you know, year, by the end of the bare"}, {"start": "00:59:20", "end": "00:59:25", "text": "market in 2018, I was so many coins. Ah,"}, {"start": "00:59:23", "end": "00:59:27", "text": "it's like 50 coins. It's a lot of"}, {"start": "00:59:25", "end": "00:59:30", "text": "underperformance."}, {"start": "00:59:27", "end": "00:59:33", "text": "And uh, look, hey, no shade on Casper."}, {"start": "00:59:30", "end": "00:59:36", "text": "Just never really never really did it"}, {"start": "00:59:33", "end": "00:59:38", "text": "for me, you know? I looked at it. I"}, {"start": "00:59:36", "end": "00:59:40", "text": "checked it out. I was like, \"Ah, Caspa."}, {"start": "00:59:38", "end": "00:59:42", "text": "All right, cool.\" Eh,"}, {"start": "00:59:40", "end": "00:59:44", "text": "and if it goes up massively and it does"}, {"start": "00:59:42", "end": "00:59:47", "text": "100x and you make [�__�] tons of money, I"}, {"start": "00:59:44", "end": "00:59:49", "text": "will just celebrate your win, man. It's"}, {"start": "00:59:47", "end": "00:59:50", "text": "fine. If that happens, my other my stuff"}, {"start": "00:59:49", "end": "00:59:53", "text": "probably did okay, too. It's all"}, {"start": "00:59:50", "end": "00:59:55", "text": "relative. I just I can't own every coin."}, {"start": "00:59:53", "end": "00:59:56", "text": "I can't have your time for every coin."}, {"start": "00:59:55", "end": "00:59:58", "text": "There's things that I find that I find"}, {"start": "00:59:56", "end": "01:00:00", "text": "really exciting and I buy them and I"}, {"start": "00:59:58", "end": "01:00:01", "text": "hold them and we talk about those things"}, {"start": "01:00:00", "end": "01:00:05", "text": "and we talk about other things that I"}, {"start": "01:00:01", "end": "01:00:07", "text": "don't own too, right? Uh, but some"}, {"start": "01:00:05", "end": "01:00:08", "text": "because I research the market a lot. I'm"}, {"start": "01:00:07", "end": "01:00:10", "text": "always looking seeing what's going on"}, {"start": "01:00:08", "end": "01:00:12", "text": "and I know a lot about quite a few of"}, {"start": "01:00:10", "end": "01:00:14", "text": "the things in the market, but some"}, {"start": "01:00:12", "end": "01:00:16", "text": "things just never really tickled my"}, {"start": "01:00:14", "end": "01:00:18", "text": "fancy to dive deeper. And dude, you"}, {"start": "01:00:16", "end": "01:00:21", "text": "absolutely should start a channel. I"}, {"start": "01:00:18", "end": "01:00:23", "text": "think it's a great idea. Even just for"}, {"start": "01:00:21", "end": "01:00:26", "text": "this, you start a channel and in order"}, {"start": "01:00:23", "end": "01:00:26", "text": "to make anything sort of halfway decent"}, {"start": "01:00:26", "end": "01:00:27", "text": "that you're going to be proud about"}, {"start": "01:00:26", "end": "01:00:29", "text": "putting on the internet, you're going to"}, {"start": "01:00:27", "end": "01:00:30", "text": "have to go do some research. So, you're"}, {"start": "01:00:29", "end": "01:00:31", "text": "going to sit down, do some research,"}, {"start": "01:00:30", "end": "01:00:34", "text": "write up a script, whatever it's going"}, {"start": "01:00:31", "end": "01:00:35", "text": "to be, and then what? Then you're going"}, {"start": "01:00:34", "end": "01:00:36", "text": "to know more. You'll feel even better"}, {"start": "01:00:35", "end": "01:00:37", "text": "about your investment, or you'll talk"}, {"start": "01:00:36", "end": "01:00:40", "text": "yourself out of your investment one way"}, {"start": "01:00:37", "end": "01:00:45", "text": "or the other. But it's good. It's It's a"}, {"start": "01:00:40", "end": "01:00:48", "text": "very positive thing. Period. Water snob."}, {"start": "01:00:45", "end": "01:00:48", "text": "Oh, boy."}, {"start": "01:00:52", "end": "01:00:56", "text": "Sheep over there for you to chase. Now,"}, {"start": "01:00:54", "end": "01:00:59", "text": "we don't have sheep. We have orics"}, {"start": "01:00:56", "end": "01:01:03", "text": "running around in the desert."}, {"start": "01:00:59", "end": "01:01:04", "text": "So that'll have to do mate."}, {"start": "01:01:03", "end": "01:01:08", "text": "[laughter]"}, {"start": "01:01:04", "end": "01:01:08", "text": "Part of the problem."}, {"start": "01:01:08", "end": "01:01:12", "text": "Oh boy."}, {"start": "01:01:10", "end": "01:01:14", "text": "Lark red cap. I don't do the red cap"}, {"start": "01:01:12", "end": "01:01:17", "text": "anymore. I've got a red light bed now."}, {"start": "01:01:14", "end": "01:01:19", "text": "It's pretty intense actually, but I love"}, {"start": "01:01:17", "end": "01:01:20", "text": "it."}, {"start": "01:01:19", "end": "01:01:23", "text": "Hawaiian shirts. Oh, those were the"}, {"start": "01:01:20", "end": "01:01:23", "text": "days, man."}, {"start": "01:01:24", "end": "01:01:28", "text": "I won't be shocked. If you can read a"}, {"start": "01:01:26", "end": "01:01:30", "text": "chart and tune out the news, you can see"}, {"start": "01:01:28", "end": "01:01:31", "text": "Bitcoin is Yeah, we a new uptrend"}, {"start": "01:01:30", "end": "01:01:33", "text": "starting. People don't want to believe"}, {"start": "01:01:31", "end": "01:01:37", "text": "it. PTSD in the market. I get it, guys."}, {"start": "01:01:33", "end": "01:01:37", "text": "I get it."}, {"start": "01:01:38", "end": "01:01:43", "text": "Look at the users on Casper. There"}, {"start": "01:01:40", "end": "01:01:46", "text": "aren't any. Yeah, sometimes people are"}, {"start": "01:01:43", "end": "01:01:48", "text": "just really uh I got I don't know much"}, {"start": "01:01:46", "end": "01:01:50", "text": "about Casper, but I know we're always"}, {"start": "01:01:48", "end": "01:01:51", "text": "picking on Cardano because I, you know,"}, {"start": "01:01:50", "end": "01:01:53", "text": "I'm very familiar with Cardano. used to"}, {"start": "01:01:51", "end": "01:01:55", "text": "own a big bag of it and all that fun"}, {"start": "01:01:53", "end": "01:01:57", "text": "kind of stuff. But, you know, I look at"}, {"start": "01:01:55", "end": "01:01:59", "text": "that kind of thing and like just like"}, {"start": "01:01:57", "end": "01:02:01", "text": "there's no one using this thing on a"}, {"start": "01:01:59", "end": "01:02:03", "text": "daily basis and why why does it justify"}, {"start": "01:02:01", "end": "01:02:05", "text": "the market cap that it has? I mean,"}, {"start": "01:02:03", "end": "01:02:07", "text": "you're really betting on some kind of"}, {"start": "01:02:05", "end": "01:02:08", "text": "future outcome. And you look how fast"}, {"start": "01:02:07", "end": "01:02:09", "text": "other teams move. People have been"}, {"start": "01:02:08", "end": "01:02:11", "text": "telling me about Casper for a couple"}, {"start": "01:02:09", "end": "01:02:13", "text": "years now. It's not like it's some new"}, {"start": "01:02:11", "end": "01:02:14", "text": "thing. It came out this week. And in the"}, {"start": "01:02:13", "end": "01:02:16", "text": "time that Casp has been in the market,"}, {"start": "01:02:14", "end": "01:02:18", "text": "and again, I'm not an expert on Casper."}, {"start": "01:02:16", "end": "01:02:20", "text": "I don't know the current metrics, but in"}, {"start": "01:02:18", "end": "01:02:21", "text": "the time that Cass has been in the"}, {"start": "01:02:20", "end": "01:02:23", "text": "market, you've had like Sooie, a new"}, {"start": "01:02:21", "end": "01:02:26", "text": "blockchain launch and completely cuck it"}, {"start": "01:02:23", "end": "01:02:29", "text": "beyond belief with adoption and users"}, {"start": "01:02:26", "end": "01:02:34", "text": "and TVL and partnerships and all that"}, {"start": "01:02:29", "end": "01:02:34", "text": "kind of stuff. Where's Castle Ben at?"}, {"start": "01:02:35", "end": "01:02:38", "text": "Yo, got a good amount in the year"}, {"start": "01:02:37", "end": "01:02:41", "text": "yesterday."}, {"start": "01:02:38", "end": "01:02:44", "text": "Let's go. $100 an year is not a dream,"}, {"start": "01:02:41", "end": "01:02:44", "text": "guys."}, {"start": "01:02:44", "end": "01:02:48", "text": "Uh here's $10 to check into it again."}, {"start": "01:02:47", "end": "01:02:50", "text": "They already built a lending protocol on"}, {"start": "01:02:48", "end": "01:02:54", "text": "Robin Hood chain called uh Cascad. Nice,"}, {"start": "01:02:50", "end": "01:02:54", "text": "nice, nice, nice."}, {"start": "01:03:00", "end": "01:03:04", "text": "Yo yo yo. Yeah, we talked a bit about"}, {"start": "01:03:01", "end": "01:03:06", "text": "this earlier, Adam, but uh"}, {"start": "01:03:04", "end": "01:03:09", "text": "it was time. It was time. I don't know."}, {"start": "01:03:06", "end": "01:03:12", "text": "Look, it's the amount of BS from Richard"}, {"start": "01:03:09", "end": "01:03:13", "text": "Hart over the years, you know? I just h"}, {"start": "01:03:12", "end": "01:03:15", "text": "I can't believe I just cannot believe"}, {"start": "01:03:13", "end": "01:03:19", "text": "you guys gave that man a billion"}, {"start": "01:03:15", "end": "01:03:22", "text": "dollars. It's wild stuff."}, {"start": "01:03:19", "end": "01:03:25", "text": "Wild stuff, man. H look, I don't know"}, {"start": "01:03:22", "end": "01:03:27", "text": "what's going to you know, Richard's"}, {"start": "01:03:25", "end": "01:03:31", "text": "I don't know. He's one of those"}, {"start": "01:03:27", "end": "01:03:33", "text": "characters in crypto that"}, {"start": "01:03:31", "end": "01:03:36", "text": "never had any time for personally. I"}, {"start": "01:03:33", "end": "01:03:39", "text": "know he doesn't like me. Save trying not"}, {"start": "01:03:36", "end": "01:03:40", "text": "to get too caught up on uh interpersonal"}, {"start": "01:03:39", "end": "01:03:44", "text": "dramas and other people talking [�__�] on"}, {"start": "01:03:40", "end": "01:03:46", "text": "me. Whatever. It is what it is. You just"}, {"start": "01:03:44", "end": "01:03:48", "text": "look at uh"}, {"start": "01:03:46", "end": "01:03:50", "text": "uh"}, {"start": "01:03:48", "end": "01:03:55", "text": "you know what's happened. You look at"}, {"start": "01:03:50", "end": "01:03:56", "text": "the early launch of Hex and all of the"}, {"start": "01:03:55", "end": "01:03:58", "text": "[sighs]"}, {"start": "01:03:56", "end": "01:03:59", "text": "little breadcrumbs of scamming around"}, {"start": "01:03:58", "end": "01:04:01", "text": "that. And I know it went up in price,"}, {"start": "01:03:59", "end": "01:04:03", "text": "but that's because it was engineered to"}, {"start": "01:04:01", "end": "01:04:05", "text": "go up in price, probably by Richard or"}, {"start": "01:04:03", "end": "01:04:07", "text": "whoever was working with him, right? And"}, {"start": "01:04:05", "end": "01:04:08", "text": "then you guys gave him a billion dollars"}, {"start": "01:04:07", "end": "01:04:09", "text": "for Paul's chain. Oh, we're going to"}, {"start": "01:04:08", "end": "01:04:11", "text": "fork Ethereum. Give me a billion"}, {"start": "01:04:09", "end": "01:04:13", "text": "dollars. Like, come on, man. You're"}, {"start": "01:04:11", "end": "01:04:15", "text": "killing me here, guys. It's crazy. But"}, {"start": "01:04:13", "end": "01:04:16", "text": "it is what it is. 2020 was a crazy time."}, {"start": "01:04:15", "end": "01:04:18", "text": "People were literally buying monkey"}, {"start": "01:04:16", "end": "01:04:20", "text": "pictures for a million dollars. So, it's"}, {"start": "01:04:18", "end": "01:04:22", "text": "unsurprising this [�__�] The bull next"}, {"start": "01:04:20", "end": "01:04:23", "text": "bull run is going to get so crazy again"}, {"start": "01:04:22", "end": "01:04:24", "text": "that people are literally buying monkey"}, {"start": "01:04:23", "end": "01:04:25", "text": "pictures for a million dollars and be"}, {"start": "01:04:24", "end": "01:04:27", "text": "giving people like Richard Hart a"}, {"start": "01:04:25", "end": "01:04:29", "text": "billion dollars for a [�__�] fork of"}, {"start": "01:04:27", "end": "01:04:31", "text": "Ethereum. That's how crazy things are"}, {"start": "01:04:29", "end": "01:04:33", "text": "going to get again, guys. Dream bigger."}, {"start": "01:04:31", "end": "01:04:36", "text": "Dream bigger."}, {"start": "01:04:33", "end": "01:04:39", "text": "Oh man. Uh, and I think both those"}, {"start": "01:04:36", "end": "01:04:41", "text": "tokens are down like 99% plus or"}, {"start": "01:04:39", "end": "01:04:43", "text": "something like that. I haven't never"}, {"start": "01:04:41", "end": "01:04:44", "text": "looked because I don't care. But let's"}, {"start": "01:04:43", "end": "01:04:48", "text": "just for the, you know, for the sake of"}, {"start": "01:04:44", "end": "01:04:49", "text": "fun, let's have a quick look here."}, {"start": "01:04:48", "end": "01:04:51", "text": "Now, as somebody who's invested in"}, {"start": "01:04:49", "end": "01:04:53", "text": "plenty of shitcoins that have gone down"}, {"start": "01:04:51", "end": "01:04:55", "text": "massively."}, {"start": "01:04:53", "end": "01:04:58", "text": "Okay, fair enough. You know what?"}, {"start": "01:04:55", "end": "01:05:02", "text": "Sometimes that happens. Uh but you know"}, {"start": "01:04:58", "end": "01:05:03", "text": "this is uh things that were yeah down 90"}, {"start": "01:05:02", "end": "01:05:05", "text": "plus percent and that's just the pulse"}, {"start": "01:05:03", "end": "01:05:10", "text": "chain version. I'm sure the actual"}, {"start": "01:05:05", "end": "01:05:14", "text": "version's down more uh pulse chain."}, {"start": "01:05:10", "end": "01:05:18", "text": "Let's see here. Oh boy. Interesting."}, {"start": "01:05:14", "end": "01:05:22", "text": "I think uh Coin Gecko does not like"}, {"start": "01:05:18", "end": "01:05:24", "text": "pulse chain pulse Bitcoin."}, {"start": "01:05:22", "end": "01:05:26", "text": "Uh"}, {"start": "01:05:24", "end": "01:05:26", "text": "[groaning]"}, {"start": "01:05:26", "end": "01:05:29", "text": "that's Paul Sex, right? Okay. Anyway,"}, {"start": "01:05:28", "end": "01:05:31", "text": "Coin Gecko doesn't have very good stats"}, {"start": "01:05:29", "end": "01:05:32", "text": "on I think the Coin Gecko guys never"}, {"start": "01:05:31", "end": "01:05:34", "text": "liked Richard and there's a reason why"}, {"start": "01:05:32", "end": "01:05:36", "text": "even after all that time. Oh, but it was"}, {"start": "01:05:34", "end": "01:05:38", "text": "just it was a conspiracy the Matrix"}, {"start": "01:05:36", "end": "01:05:40", "text": "after Richard. That's why they never"}, {"start": "01:05:38", "end": "01:05:42", "text": "listed, you know, it never got listed on"}, {"start": "01:05:40", "end": "01:05:44", "text": "Binance as the Matrix and they hate it."}, {"start": "01:05:42", "end": "01:05:45", "text": "No, it's because a [�__�] scam and"}, {"start": "01:05:44", "end": "01:05:47", "text": "everybody [laughter] [�__�] knew it,"}, {"start": "01:05:45", "end": "01:05:49", "text": "man. That's not to say that these"}, {"start": "01:05:47", "end": "01:05:51", "text": "exchanges have not listed total piles of"}, {"start": "01:05:49", "end": "01:05:55", "text": "dog [�__�] before, but even they had to"}, {"start": "01:05:51", "end": "01:05:58", "text": "draw a line at that. Come on. Oh jeez"}, {"start": "01:05:55", "end": "01:05:58", "text": "louise."}, {"start": "01:05:59", "end": "01:06:02", "text": "Anyway, [clears throat]"}, {"start": "01:06:09", "end": "01:06:13", "text": "Ada has no users either. Why invest in"}, {"start": "01:06:11", "end": "01:06:15", "text": "[�__�] with zero de? That's the problem,"}, {"start": "01:06:13", "end": "01:06:18", "text": "man. You know, and look, some some of"}, {"start": "01:06:15", "end": "01:06:20", "text": "these cult coins, they'll just go up in"}, {"start": "01:06:18", "end": "01:06:22", "text": "price because that's what they do."}, {"start": "01:06:20", "end": "01:06:24", "text": "People for some reason know the name."}, {"start": "01:06:22", "end": "01:06:28", "text": "They believe in some kind of grandiose"}, {"start": "01:06:24", "end": "01:06:30", "text": "vision of the future. And look at"}, {"start": "01:06:28", "end": "01:06:34", "text": "look at where your thing is today, not"}, {"start": "01:06:30", "end": "01:06:36", "text": "where you want it to be really, because"}, {"start": "01:06:34", "end": "01:06:37", "text": "it happens so often where people get"}, {"start": "01:06:36", "end": "01:06:39", "text": "this sort of fantasy vision about how"}, {"start": "01:06:37", "end": "01:06:40", "text": "their coin's going to magically take"}, {"start": "01:06:39", "end": "01:06:42", "text": "over the world or something like that."}, {"start": "01:06:40", "end": "01:06:43", "text": "And you got to look, okay, is there"}, {"start": "01:06:42", "end": "01:06:45", "text": "actually a trajectory for that"}, {"start": "01:06:43", "end": "01:06:47", "text": "happening? Oh, but we're building the"}, {"start": "01:06:45", "end": "01:06:50", "text": "tech. Do you see all the tech that we've"}, {"start": "01:06:47", "end": "01:06:52", "text": "built? I've seen so many teams in crypto"}, {"start": "01:06:50", "end": "01:06:54", "text": "who are building like really, really"}, {"start": "01:06:52", "end": "01:06:57", "text": "good tech. Holy [�__�] the dev was this"}, {"start": "01:06:54", "end": "01:06:59", "text": "guy. Or like, do you see the trans? Oh"}, {"start": "01:06:57", "end": "01:07:02", "text": "my god, all this tech, man. Ah, where"}, {"start": "01:06:59", "end": "01:07:04", "text": "the [�__�] are users? If your tech is so"}, {"start": "01:07:02", "end": "01:07:06", "text": "goddamn good, why the [�__�] is no one"}, {"start": "01:07:04", "end": "01:07:09", "text": "using your chain? Why the [�__�] aren't"}, {"start": "01:07:06", "end": "01:07:12", "text": "devs building on your chain? Where the"}, {"start": "01:07:09", "end": "01:07:17", "text": "[�__�] is everybody?"}, {"start": "01:07:12", "end": "01:07:17", "text": "Come on, people. Come on."}, {"start": "01:07:17", "end": "01:07:24", "text": "Anyway,"}, {"start": "01:07:20", "end": "01:07:24", "text": "yo, peace out, Bob."}, {"start": "01:07:32", "end": "01:07:35", "text": "Uh, did did Salon have millions during"}, {"start": "01:07:34", "end": "01:07:37", "text": "the first? Like, again, I don't know"}, {"start": "01:07:35", "end": "01:07:38", "text": "enough about Castle to make a good"}, {"start": "01:07:37", "end": "01:07:41", "text": "opinion on it, man."}, {"start": "01:07:38", "end": "01:07:43", "text": "But look, fact of the matter is it"}, {"start": "01:07:41", "end": "01:07:45", "text": "bounced back very hard."}, {"start": "01:07:43", "end": "01:07:46", "text": "Maybe Casper's going to be the one man"}, {"start": "01:07:45", "end": "01:07:47", "text": "everyone's talking about in six months"}, {"start": "01:07:46", "end": "01:07:49", "text": "and he come back here and be like,"}, {"start": "01:07:47", "end": "01:07:51", "text": "\"Lark, you're such an idiot for not"}, {"start": "01:07:49", "end": "01:07:52", "text": "having bought Caspa.\" I won't think that"}, {"start": "01:07:51", "end": "01:07:55", "text": "way at all. I try not to live in regret"}, {"start": "01:07:52", "end": "01:08:00", "text": "in the markets. It's it's a useless um"}, {"start": "01:07:55", "end": "01:08:02", "text": "exercise. But but"}, {"start": "01:08:00", "end": "01:08:04", "text": "I again this is just from the"}, {"start": "01:08:02", "end": "01:08:06", "text": "perspective of somebody who's seen a lot"}, {"start": "01:08:04", "end": "01:08:08", "text": "of chains with great tech that"}, {"start": "01:08:06", "end": "01:08:11", "text": "everybody's super there's small group"}, {"start": "01:08:08", "end": "01:08:13", "text": "people who are super excited about it."}, {"start": "01:08:11", "end": "01:08:16", "text": "The hot ball of money needs to get"}, {"start": "01:08:13", "end": "01:08:17", "text": "behind it and maybe that happens. Not"}, {"start": "01:08:16", "end": "01:08:20", "text": "saying it can't, but I've seen a lot of"}, {"start": "01:08:17", "end": "01:08:22", "text": "well-intentioned blockchains building a"}, {"start": "01:08:20", "end": "01:08:24", "text": "lot of cool tech that no one ever shows"}, {"start": "01:08:22", "end": "01:08:27", "text": "up to use."}, {"start": "01:08:24", "end": "01:08:27", "text": "There you go."}, {"start": "01:08:36", "end": "01:08:42", "text": "will XRP take over the world? No."}, {"start": "01:08:40", "end": "01:08:45", "text": "Doesn't mean it won't go up in price."}, {"start": "01:08:42", "end": "01:08:46", "text": "Ain't going to $589. The math, don't"}, {"start": "01:08:45", "end": "01:08:48", "text": "math on that. Whoever's telling you that"}, {"start": "01:08:46", "end": "01:08:51", "text": "crazy [�__�] Will XRP take over the"}, {"start": "01:08:48", "end": "01:08:52", "text": "world? No. Will it be used? Yes. Um,"}, {"start": "01:08:51", "end": "01:08:55", "text": "right now it's interesting. I think even"}, {"start": "01:08:52", "end": "01:08:57", "text": "we covered this a few months ago."}, {"start": "01:08:55", "end": "01:09:02", "text": "[sighs] The bread garlic house his"}, {"start": "01:08:57", "end": "01:09:05", "text": "himself put the parmesan on his name"}, {"start": "01:09:02", "end": "01:09:07", "text": "the bread"}, {"start": "01:09:05", "end": "01:09:10", "text": "Garlinghouse Garlic House came out and"}, {"start": "01:09:07", "end": "01:09:11", "text": "said Brad Garlichouse came out and said"}, {"start": "01:09:10", "end": "01:09:13", "text": "that uh hey we have you know $16"}, {"start": "01:09:11", "end": "01:09:16", "text": "trillion of transaction value going"}, {"start": "01:09:13", "end": "01:09:20", "text": "through the XRP network and he said zero"}, {"start": "01:09:16", "end": "01:09:21", "text": "of that or maybe it was uh the lady"}, {"start": "01:09:20", "end": "01:09:23", "text": "who's the president of the Ripper"}, {"start": "01:09:21", "end": "01:09:26", "text": "whatever. Anyway, but they said um none"}, {"start": "01:09:23", "end": "01:09:29", "text": "of that's none of that touches the XRP"}, {"start": "01:09:26", "end": "01:09:30", "text": "token. And it's like"}, {"start": "01:09:29", "end": "01:09:33", "text": "I guess if you ever transfer that $16"}, {"start": "01:09:30", "end": "01:09:34", "text": "trillion over to the XRP side where it"}, {"start": "01:09:33", "end": "01:09:36", "text": "actually touches the token on every"}, {"start": "01:09:34", "end": "01:09:38", "text": "transaction. Well, yeah, [�__�] Then"}, {"start": "01:09:36", "end": "01:09:41", "text": "we're going to have some burns going on."}, {"start": "01:09:38", "end": "01:09:43", "text": "Things be good. And you know XRP will be"}, {"start": "01:09:41", "end": "01:09:47", "text": "XRP is a great example of those coins"}, {"start": "01:09:43", "end": "01:09:50", "text": "where people the current market cap of"}, {"start": "01:09:47", "end": "01:09:53", "text": "XRP is based on future expectation of"}, {"start": "01:09:50", "end": "01:09:55", "text": "awesomeness that has not yet arrived."}, {"start": "01:09:53", "end": "01:09:56", "text": "Can arrive. Not saying it won't. They"}, {"start": "01:09:55", "end": "01:09:58", "text": "certainly have a lot of partnerships"}, {"start": "01:09:56", "end": "01:09:59", "text": "that could make that into a reality. But"}, {"start": "01:09:58", "end": "01:10:02", "text": "I'm hearing this exact same pitch about"}, {"start": "01:09:59", "end": "01:10:04", "text": "XRP since 2017."}, {"start": "01:10:02", "end": "01:10:05", "text": "And yes, things have progressed"}, {"start": "01:10:04", "end": "01:10:08", "text": "certainly more than other blockchains in"}, {"start": "01:10:05", "end": "01:10:13", "text": "that time. But"}, {"start": "01:10:08", "end": "01:10:15", "text": "the breakaway global domination of XRP"}, {"start": "01:10:13", "end": "01:10:18", "text": "has not happened. Guess what? Salana"}, {"start": "01:10:15", "end": "01:10:20", "text": "came in and ate your lunch."}, {"start": "01:10:18", "end": "01:10:26", "text": "Okay, one or two more here, guys. We're"}, {"start": "01:10:20", "end": "01:10:26", "text": "going to finish up. Um bum bum."}, {"start": "01:10:31", "end": "01:10:35", "text": "What do you suggest for bitterness who"}, {"start": "01:10:32", "end": "01:10:36", "text": "want to be a millionaire?"}, {"start": "01:10:35", "end": "01:10:39", "text": "If you're a hater of money, it will not"}, {"start": "01:10:36", "end": "01:10:41", "text": "come to you. Have an abundance mindset."}, {"start": "01:10:39", "end": "01:10:45", "text": "If I understand that question even big"}, {"start": "01:10:41", "end": "01:10:45", "text": "correctly. Uh, okay."}, {"start": "01:10:49", "end": "01:10:54", "text": "Clark, you need to get behind Ed. I'll"}, {"start": "01:10:50", "end": "01:10:57", "text": "put my bags, bro. H, it's possible."}, {"start": "01:10:54", "end": "01:10:57", "text": "Could happen."}, {"start": "01:10:58", "end": "01:11:02", "text": "I dare not speak on XRP unless I bring"}, {"start": "01:11:00", "end": "01:11:04", "text": "the fury of the army upon me. Look, I'm,"}, {"start": "01:11:02", "end": "01:11:07", "text": "you know,"}, {"start": "01:11:04", "end": "01:11:10", "text": "I don't invest in XRP,"}, {"start": "01:11:07", "end": "01:11:14", "text": "but it's got a place in the sort of"}, {"start": "01:11:10", "end": "01:11:16", "text": "crypto ecosystem, and I'm not anti- XRP"}, {"start": "01:11:14", "end": "01:11:18", "text": "either. I just as an investment, I would"}, {"start": "01:11:16", "end": "01:11:20", "text": "rather put money out other places. And"}, {"start": "01:11:18", "end": "01:11:22", "text": "that's I know that triggers some people"}, {"start": "01:11:20", "end": "01:11:25", "text": "when you say, \"But Lark, how can you not"}, {"start": "01:11:22", "end": "01:11:27", "text": "possibly own XRP and Caspa and Cardano"}, {"start": "01:11:25", "end": "01:11:28", "text": "and 30 other coins that we like?\""}, {"start": "01:11:27", "end": "01:11:30", "text": "Because I ain't got time for all that"}, {"start": "01:11:28", "end": "01:11:32", "text": "[�__�] man. That's why you guys are"}, {"start": "01:11:30", "end": "01:11:36", "text": "awesome. I'll see you back on Monday."}, {"start": "01:11:32", "end": "01:11:36", "text": "Have a great weekend. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Norinco, China North Industries Group"}, {"start": "00:00:02", "end": "00:00:06", "text": "Corporation is training its humanoid"}, {"start": "00:00:04", "end": "00:00:08", "text": "robots for riot control. We're heading"}, {"start": "00:00:06", "end": "00:00:10", "text": "towards a dark future, guys. Get as rich"}, {"start": "00:00:08", "end": "00:00:12", "text": "as possible in the next few years"}, {"start": "00:00:10", "end": "00:00:15", "text": "because this shit's coming out. We're"}, {"start": "00:00:12", "end": "00:00:19", "text": "heading in the next [music] sort of 5 to"}, {"start": "00:00:15", "end": "00:00:21", "text": "7 years for an absolute intergalactic"}, {"start": "00:00:19", "end": "00:00:23", "text": "peak on markets followed by a 10-year"}, {"start": "00:00:21", "end": "00:00:25", "text": "bear market, probably combined with the"}, {"start": "00:00:23", "end": "00:00:28", "text": "greatest unemployment crisis that we've"}, {"start": "00:00:25", "end": "00:00:29", "text": "seen since 100 years ago in the 1930s"}, {"start": "00:00:28", "end": "00:00:32", "text": "while the 2030s probably be just as"}, {"start": "00:00:29", "end": "00:00:36", "text": "[�__�] All these humanoid robots,"}, {"start": "00:00:32", "end": "00:00:36", "text": "they're coming for your jobs, man."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "85%"}, {"start": "00:00:01", "end": "00:00:06", "text": "of the people who had bought Bitcoin"}, {"start": "00:00:03", "end": "00:00:07", "text": "ETFs didn't flinch. They bought more. No"}, {"start": "00:00:06", "end": "00:00:09", "text": "asset in history has followed a"}, {"start": "00:00:07", "end": "00:00:11", "text": "programmatic clock except BTC. Bitcoin"}, {"start": "00:00:09", "end": "00:00:14", "text": "supply shock is now too small to make a"}, {"start": "00:00:11", "end": "00:00:16", "text": "difference. Bitcoin will follow global"}, {"start": "00:00:14", "end": "00:00:17", "text": "macro from here on in. The classic"}, {"start": "00:00:16", "end": "00:00:19", "text": "four-year cycle. This is the thing. We"}, {"start": "00:00:17", "end": "00:00:21", "text": "got some tweet from Willy Woo here to to"}, {"start": "00:00:19", "end": "00:00:23", "text": "back up all this cool talk I'm going to"}, {"start": "00:00:21", "end": "00:00:25", "text": "talk about here in a second, but you"}, {"start": "00:00:23", "end": "00:00:27", "text": "guys know the four-year cycle, okay? We"}, {"start": "00:00:25", "end": "00:00:30", "text": "have a strong post-halving bull year"}, {"start": "00:00:27", "end": "00:00:31", "text": "that ends higher. We have a peak roughly"}, {"start": "00:00:30", "end": "00:00:34", "text": "12 to 18 months after the halving, a"}, {"start": "00:00:31", "end": "00:00:36", "text": "deep bear market with 70 to 75%"}, {"start": "00:00:34", "end": "00:00:38", "text": "drawdowns, very large multiples after"}, {"start": "00:00:36", "end": "00:00:40", "text": "the halving date. That's kind of how the"}, {"start": "00:00:38", "end": "00:00:42", "text": "process has played out. But what has"}, {"start": "00:00:40", "end": "00:00:44", "text": "actually happened this cycle, things"}, {"start": "00:00:42", "end": "00:00:46", "text": "have gone relatively different. Now, the"}, {"start": "00:00:44", "end": "00:00:49", "text": "timing of the peak approximately held,"}, {"start": "00:00:46", "end": "00:00:51", "text": "and I'm telling you had the 10/10 crash"}, {"start": "00:00:49", "end": "00:00:51", "text": "not happened, I really don't think that"}, {"start": "00:00:51", "end": "00:00:53", "text": "things would have played out the way"}, {"start": "00:00:51", "end": "00:00:55", "text": "that it did, but it did happen, and it"}, {"start": "00:00:53", "end": "00:00:57", "text": "did play out the way that it did, okay?"}, {"start": "00:00:55", "end": "00:01:00", "text": "Just like the FTX crash probably would"}, {"start": "00:00:57", "end": "00:01:01", "text": "have broken the four-year cycle had we"}, {"start": "00:01:00", "end": "00:01:02", "text": "not had the FTX crash happen, but the"}, {"start": "00:01:01", "end": "00:01:04", "text": "FTX crash happened, and then the"}, {"start": "00:01:02", "end": "00:01:05", "text": "four-year cycle guys go, \"Oh, yeah, see,"}, {"start": "00:01:04", "end": "00:01:07", "text": "look, perfect four-year cycle again.\""}, {"start": "00:01:05", "end": "00:01:09", "text": "Coincidences, for sure, pretty crazy"}, {"start": "00:01:07", "end": "00:01:11", "text": "ones. But the drawdown was much"}, {"start": "00:01:09", "end": "00:01:13", "text": "shallower this time, which is extremely"}, {"start": "00:01:11", "end": "00:01:16", "text": "noteworthy. Now, if some people get"}, {"start": "00:01:13", "end": "00:01:17", "text": "their way and we go to 40K or $22,000 or"}, {"start": "00:01:16", "end": "00:01:19", "text": "something next few months, well, [�__�] I"}, {"start": "00:01:17", "end": "00:01:21", "text": "guess the four-year cycle bros were"}, {"start": "00:01:19", "end": "00:01:22", "text": "right, they were just a bit early this"}, {"start": "00:01:21", "end": "00:01:24", "text": "year. They were trying to go too early,"}, {"start": "00:01:22", "end": "00:01:26", "text": "and actually it was came in later than"}, {"start": "00:01:24", "end": "00:01:31", "text": "they thought it was going to. But if the"}, {"start": "00:01:26", "end": "00:01:35", "text": "bottom truly holds at 57K, and that sort"}, {"start": "00:01:31", "end": "00:01:36", "text": "of low 50% drawdown was it, woo."}, {"start": "00:01:35", "end": "00:01:38", "text": "That's got some interesting dynamics"}, {"start": "00:01:36", "end": "00:01:41", "text": "because that says that things have"}, {"start": "00:01:38", "end": "00:01:42", "text": "changed significantly."}, {"start": "00:01:41", "end": "00:01:45", "text": "Willy Woo, supercycle is just another"}, {"start": "00:01:42", "end": "00:01:47", "text": "way to say that Bitcoin breaks out of"}, {"start": "00:01:45", "end": "00:01:51", "text": "the four-year cycle and follows global"}, {"start": "00:01:47", "end": "00:01:52", "text": "macro markets. Interesting. Said no"}, {"start": "00:01:51", "end": "00:01:54", "text": "asset in history has followed a"}, {"start": "00:01:52", "end": "00:01:56", "text": "programmatic clock except BTC. Bitcoin"}, {"start": "00:01:54", "end": "00:01:58", "text": "supply shock is now too small to make a"}, {"start": "00:01:56", "end": "00:01:59", "text": "difference. Bitcoin will follow global"}, {"start": "00:01:58", "end": "00:02:01", "text": "macro from here on in. Now, of course,"}, {"start": "00:01:59", "end": "00:02:02", "text": "we have the institutionalization of"}, {"start": "00:02:01", "end": "00:02:04", "text": "Bitcoin. We have the large steady"}, {"start": "00:02:02", "end": "00:02:06", "text": "buyers. We have the spot Bitcoin ETFs or"}, {"start": "00:02:04", "end": "00:02:07", "text": "the corporate treasuries, all this kind"}, {"start": "00:02:06", "end": "00:02:10", "text": "of stuff, and they are absorbing dips"}, {"start": "00:02:07", "end": "00:02:11", "text": "and parking money in long-term Bitcoin"}, {"start": "00:02:10", "end": "00:02:13", "text": "strategies. We can see even during the"}, {"start": "00:02:11", "end": "00:02:15", "text": "worst of the sell-offs of this bear"}, {"start": "00:02:13", "end": "00:02:17", "text": "market, we only had about a 10 to 15%"}, {"start": "00:02:15", "end": "00:02:19", "text": "drawdown in the total assets under"}, {"start": "00:02:17", "end": "00:02:22", "text": "management at the ETFs. That means 85 to"}, {"start": "00:02:19", "end": "00:02:25", "text": "90% of the people who had bought Bitcoin"}, {"start": "00:02:22", "end": "00:02:27", "text": "ETFs didn't flinch. They bought more."}, {"start": "00:02:25", "end": "00:02:29", "text": "That is a conviction. That is long-term"}, {"start": "00:02:27", "end": "00:02:30", "text": "investment strategy versus most people,"}, {"start": "00:02:29", "end": "00:02:32", "text": "most retail people in the crypto market"}, {"start": "00:02:30", "end": "00:02:34", "text": "who come in and \"I got to get rich off"}, {"start": "00:02:32", "end": "00:02:36", "text": "Bitcoin in the next 5 minutes.\" And then"}, {"start": "00:02:34", "end": "00:02:37", "text": "what? They don't. Whereas these guys are"}, {"start": "00:02:36", "end": "00:02:40", "text": "doing real estate grabs. They're buying"}, {"start": "00:02:37", "end": "00:02:42", "text": "for 10-year, 20-year time frames, which"}, {"start": "00:02:40", "end": "00:02:43", "text": "is extremely different than from how"}, {"start": "00:02:42", "end": "00:02:45", "text": "crypto has operated previously. If"}, {"start": "00:02:43", "end": "00:02:47", "text": "you're an American, this is for you."}, {"start": "00:02:45", "end": "00:02:49", "text": "Offshore crypto platforms, some of them"}, {"start": "00:02:47", "end": "00:02:51", "text": "are ticking time bomb. Trading perpetual"}, {"start": "00:02:49", "end": "00:02:53", "text": "swaps through VPNs is asking for frozen"}, {"start": "00:02:51", "end": "00:02:55", "text": "assets. That nonsense is officially"}, {"start": "00:02:53", "end": "00:02:58", "text": "over. See, longing and shorting crypto"}, {"start": "00:02:55", "end": "00:03:00", "text": "now 100% legal on US soil thanks to Hal"}, {"start": "00:02:58", "end": "00:03:02", "text": "She. Fully regulated by the CFTC with"}, {"start": "00:03:00", "end": "00:03:04", "text": "direct US bank rails and up to 6x"}, {"start": "00:03:02", "end": "00:03:05", "text": "leverage on all your favorite coins like"}, {"start": "00:03:04", "end": "00:03:07", "text": "Bitcoin, Ethereum, and Solana. Zero"}, {"start": "00:03:05", "end": "00:03:09", "text": "workaround, zero BS, zero offshore"}, {"start": "00:03:07", "end": "00:03:11", "text": "counterparty risk. Look, most venues"}, {"start": "00:03:09", "end": "00:03:13", "text": "will also bleed you dry on the fees. But"}, {"start": "00:03:11", "end": "00:03:14", "text": "when you sign up using the link down"}, {"start": "00:03:13", "end": "00:03:16", "text": "below, and this is exclusive, when you"}, {"start": "00:03:14", "end": "00:03:17", "text": "use that link down below, you're not"}, {"start": "00:03:16", "end": "00:03:19", "text": "going to get this deal anywhere else."}, {"start": "00:03:17", "end": "00:03:20", "text": "You instantly lock in a rock-bottom"}, {"start": "00:03:19", "end": "00:03:22", "text": "0.01%"}, {"start": "00:03:20", "end": "00:03:24", "text": "fee tier. That's crazy. Keeping pure"}, {"start": "00:03:22", "end": "00:03:27", "text": "profit in your account. Better yet,"}, {"start": "00:03:24", "end": "00:03:29", "text": "better. Trade $50, which is like one"}, {"start": "00:03:27", "end": "00:03:31", "text": "trade, and you get 25 bucks for free."}, {"start": "00:03:29", "end": "00:03:32", "text": "That's an immediate 50% return before"}, {"start": "00:03:31", "end": "00:03:34", "text": "you even place a winning trade. Hit the"}, {"start": "00:03:32", "end": "00:03:36", "text": "link down below, grab your free 25"}, {"start": "00:03:34", "end": "00:03:38", "text": "bucks, and you can long and short crypto"}, {"start": "00:03:36", "end": "00:03:39", "text": "legally. No problems. No BS. Go get it."}, {"start": "00:03:38", "end": "00:03:41", "text": "I think we see the relative impact of"}, {"start": "00:03:39", "end": "00:03:43", "text": "each having to continue to shrink"}, {"start": "00:03:41", "end": "00:03:45", "text": "significantly as the market cap grows."}, {"start": "00:03:43", "end": "00:03:46", "text": "And as Willy's got pointed out on his"}, {"start": "00:03:45", "end": "00:03:49", "text": "chart here, this is the annual supply"}, {"start": "00:03:46", "end": "00:03:52", "text": "growth of BTC. Right now, we're at 0.87%"}, {"start": "00:03:49", "end": "00:03:55", "text": "Bitcoin inflation. Okay? And we're going"}, {"start": "00:03:52", "end": "00:03:57", "text": "to drop down to 0.435%"}, {"start": "00:03:55", "end": "00:03:59", "text": "Bitcoin inflation at the next Bitcoin"}, {"start": "00:03:57", "end": "00:04:00", "text": "halving. It's completely irrelevant. The"}, {"start": "00:03:59", "end": "00:04:03", "text": "amount of Bitcoin the miners are mining"}, {"start": "00:04:00", "end": "00:04:04", "text": "now versus the demand is completely"}, {"start": "00:04:03", "end": "00:04:06", "text": "irrelevant. And it's extremely"}, {"start": "00:04:04", "end": "00:04:08", "text": "significant to point that out. We also"}, {"start": "00:04:06", "end": "00:04:11", "text": "have Bitcoin increasingly responding to"}, {"start": "00:04:08", "end": "00:04:12", "text": "the macro. See, and I know we have"}, {"start": "00:04:11", "end": "00:04:14", "text": "broken away from global liquidity back"}, {"start": "00:04:12", "end": "00:04:16", "text": "after the 10 10 crash, which is a crypto"}, {"start": "00:04:14", "end": "00:04:18", "text": "specific catalyst that happened. But"}, {"start": "00:04:16", "end": "00:04:21", "text": "here is the deal. Interest rates,"}, {"start": "00:04:18", "end": "00:04:23", "text": "geopolitics, broader risk appetite. This"}, {"start": "00:04:21", "end": "00:04:26", "text": "will move us more towards traditional"}, {"start": "00:04:23", "end": "00:04:28", "text": "finance debt liquidity cycles, which"}, {"start": "00:04:26", "end": "00:04:31", "text": "tend to move in six to eight year"}, {"start": "00:04:28", "end": "00:04:32", "text": "rhythms. Putting the next one, 2028"}, {"start": "00:04:31", "end": "00:04:34", "text": "potentially. Just saying."}, {"start": "00:04:32", "end": "00:04:35", "text": ">> The lineup was so much of what we're"}, {"start": "00:04:34", "end": "00:04:37", "text": "seeing in the charts currently here for"}, {"start": "00:04:35", "end": "00:04:39", "text": "us specifically in crypto. Now, we also"}, {"start": "00:04:37", "end": "00:04:42", "text": "have multiple research notes and a 2026"}, {"start": "00:04:39", "end": "00:04:43", "text": "academic paper using Fourier harmonic"}, {"start": "00:04:42", "end": "00:04:46", "text": "analysis that found that the four-year"}, {"start": "00:04:43", "end": "00:04:49", "text": "cycle amplitude weakened after"}, {"start": "00:04:46", "end": "00:04:50", "text": "institutionalization around late 2023,"}, {"start": "00:04:49", "end": "00:04:52", "text": "with the residual cycle largely"}, {"start": "00:04:50", "end": "00:04:54", "text": "disappearing once macro factors are"}, {"start": "00:04:52", "end": "00:04:56", "text": "controlled for. Firms such as Bitwise"}, {"start": "00:04:54", "end": "00:04:58", "text": "and Grayscale describe the classic cycle"}, {"start": "00:04:56", "end": "00:05:00", "text": "as finished or heavily diluted. Others"}, {"start": "00:04:58", "end": "00:05:02", "text": "call it compressed revolving rather than"}, {"start": "00:05:00", "end": "00:05:03", "text": "fully dead. Couple of other notes here"}, {"start": "00:05:02", "end": "00:05:06", "text": "for you guys before we move on to the"}, {"start": "00:05:03", "end": "00:05:09", "text": "next chart in this uh story. Now, the"}, {"start": "00:05:06", "end": "00:05:11", "text": "peak timing still lined up, and so some"}, {"start": "00:05:09", "end": "00:05:13", "text": "cycle-oriented analysts have continued"}, {"start": "00:05:11", "end": "00:05:17", "text": "to argue the structure is not fully"}, {"start": "00:05:13", "end": "00:05:19", "text": "gone, that late 2026 low is still coming"}, {"start": "00:05:17", "end": "00:05:20", "text": "and remains a major possibility, which"}, {"start": "00:05:19", "end": "00:05:21", "text": "something's got to really blow up. It's"}, {"start": "00:05:20", "end": "00:05:24", "text": "again, I've I've said this many times."}, {"start": "00:05:21", "end": "00:05:26", "text": "It is an extremely contrarian bet to be"}, {"start": "00:05:24", "end": "00:05:29", "text": "making. You're essentially betting that"}, {"start": "00:05:26", "end": "00:05:30", "text": "oil crisis is going to reach a major"}, {"start": "00:05:29", "end": "00:05:32", "text": "turning point, and things are going to"}, {"start": "00:05:30", "end": "00:05:34", "text": "get extremely bad in markets, which is"}, {"start": "00:05:32", "end": "00:05:36", "text": "possible. But that's not because"}, {"start": "00:05:34", "end": "00:05:38", "text": "Bitcoin's working on a four-year [�__�]"}, {"start": "00:05:36", "end": "00:05:40", "text": "cycle. It's because the macro conditions"}, {"start": "00:05:38", "end": "00:05:43", "text": "are changing. But I know, coincidence,"}, {"start": "00:05:40", "end": "00:05:45", "text": "once again, like FTX or the 10 10 crash,"}, {"start": "00:05:43", "end": "00:05:47", "text": "we find ways to make the things that are"}, {"start": "00:05:45", "end": "00:05:49", "text": "happening in the world fit to our"}, {"start": "00:05:47", "end": "00:05:50", "text": "Bitcoin narrative. So, I think there is"}, {"start": "00:05:49", "end": "00:05:52", "text": "a lot of"}, {"start": "00:05:50", "end": "00:05:54", "text": "fascinating things to be said about the"}, {"start": "00:05:52", "end": "00:05:56", "text": "4-year cycle. New all-time high this"}, {"start": "00:05:54", "end": "00:05:59", "text": "previous cycle before the Bitcoin"}, {"start": "00:05:56", "end": "00:06:01", "text": "halving, a relatively shallow return"}, {"start": "00:05:59", "end": "00:06:02", "text": "compared to the expectations of where we"}, {"start": "00:06:01", "end": "00:06:05", "text": "could have gone. We only got to the"}, {"start": "00:06:02", "end": "00:06:08", "text": "1.618 Fibonacci line. The 2.618, the"}, {"start": "00:06:05", "end": "00:06:09", "text": "3.618, the 4.236, like didn't even get"}, {"start": "00:06:08", "end": "00:06:12", "text": "[�__�] close to those last three. An"}, {"start": "00:06:09", "end": "00:06:13", "text": "extremely shallow bull cycle played out."}, {"start": "00:06:12", "end": "00:06:15", "text": "But, things are indeed continuing to"}, {"start": "00:06:13", "end": "00:06:16", "text": "mature. McGlone says, \"Babe, I've been"}, {"start": "00:06:15", "end": "00:06:17", "text": "hammering this home, but we truly have"}, {"start": "00:06:16", "end": "00:06:19", "text": "the first glimpse of what is going to be"}, {"start": "00:06:17", "end": "00:06:21", "text": "trillions of dollars of tokenized value"}, {"start": "00:06:19", "end": "00:06:23", "text": "on chain. It's a huge deal to be a real"}, {"start": "00:06:21", "end": "00:06:25", "text": "supercycle.\" Stop using the su- Stop"}, {"start": "00:06:23", "end": "00:06:27", "text": "using the supercycle word. It's a major"}, {"start": "00:06:25", "end": "00:06:29", "text": "cycle, a big cycle. A lot of stuff's"}, {"start": "00:06:27", "end": "00:06:31", "text": "lining up. Making a bet that we're going"}, {"start": "00:06:29", "end": "00:06:33", "text": "to 22 or 40K in the next few weeks is"}, {"start": "00:06:31", "end": "00:06:34", "text": "extremely contrary, and you're basically"}, {"start": "00:06:33", "end": "00:06:36", "text": "betting on the end of the world"}, {"start": "00:06:34", "end": "00:06:38", "text": "happening. Kevin from the When Shift"}, {"start": "00:06:36", "end": "00:06:40", "text": "Happens podcast, he talked to Raoul Pal"}, {"start": "00:06:38", "end": "00:06:41", "text": "the other day, who said the whole tech"}, {"start": "00:06:40", "end": "00:06:43", "text": "and crypto run is one supercycle that"}, {"start": "00:06:41", "end": "00:06:45", "text": "sucks in all the capital and doesn't"}, {"start": "00:06:43", "end": "00:06:47", "text": "stop till 2030. We're kind of in the"}, {"start": "00:06:45", "end": "00:06:48", "text": "1997-96"}, {"start": "00:06:47", "end": "00:06:50", "text": "of what happened in the technology boom"}, {"start": "00:06:48", "end": "00:06:53", "text": "last time. It barely started and"}, {"start": "00:06:50", "end": "00:06:55", "text": "accelerated after that. Raoul is saying"}, {"start": "00:06:53", "end": "00:06:57", "text": "here, I largely agree with that whole"}, {"start": "00:06:55", "end": "00:06:59", "text": "picture and the timeline of that"}, {"start": "00:06:57", "end": "00:07:01", "text": "picture. Now, maybe we go till 2030."}, {"start": "00:06:59", "end": "00:07:03", "text": "Like I said, 2028 I think is somewhere"}, {"start": "00:07:01", "end": "00:07:05", "text": "to keep paying attention to, but perhaps"}, {"start": "00:07:03", "end": "00:07:07", "text": "we do run until 2030 before everything"}, {"start": "00:07:05", "end": "00:07:08", "text": "finally breaks. Phil posts this one,"}, {"start": "00:07:07", "end": "00:07:11", "text": "we're in a generational boom period or"}, {"start": "00:07:08", "end": "00:07:13", "text": "more specifically the cloud AI crypto"}, {"start": "00:07:11", "end": "00:07:14", "text": "boom or something like 80 to 85% of the"}, {"start": "00:07:13", "end": "00:07:16", "text": "way through it. This is the 25-year"}, {"start": "00:07:14", "end": "00:07:18", "text": "cycle, by the way. Most people have"}, {"start": "00:07:16", "end": "00:07:20", "text": "missed all of it due to the fear of"}, {"start": "00:07:18", "end": "00:07:24", "text": "being in a bubble. You can see the last"}, {"start": "00:07:20", "end": "00:07:28", "text": "major boom, PC, semiconductors, internet"}, {"start": "00:07:24", "end": "00:07:29", "text": "boom. This is the 1960s until 2000."}, {"start": "00:07:28", "end": "00:07:32", "text": "6,700"}, {"start": "00:07:29", "end": "00:07:35", "text": "days. Where are we at right now? 2013,"}, {"start": "00:07:32", "end": "00:07:37", "text": "2012, the new cycle begins. Now, if it"}, {"start": "00:07:35", "end": "00:07:40", "text": "goes to 6,700"}, {"start": "00:07:37", "end": "00:07:42", "text": "days, then we're looking at about 2032"}, {"start": "00:07:40", "end": "00:07:45", "text": "approximately for the Michael P- for the"}, {"start": "00:07:42", "end": "00:07:47", "text": "final peak. If we go 6,089 days, which"}, {"start": "00:07:45", "end": "00:07:49", "text": "is how long the electronics and post-war"}, {"start": "00:07:47", "end": "00:07:51", "text": "boom happened for, then we're looking at"}, {"start": "00:07:49", "end": "00:07:52", "text": "2030."}, {"start": "00:07:51", "end": "00:07:55", "text": "So, this is for the final You have to"}, {"start": "00:07:52", "end": "00:07:58", "text": "understand, for the final big peak"}, {"start": "00:07:55", "end": "00:08:01", "text": "before the end of the end of all things"}, {"start": "00:07:58", "end": "00:08:04", "text": "and a 10-year bear market ensues. This"}, {"start": "00:08:01", "end": "00:08:07", "text": "is like the final stop, get the heck"}, {"start": "00:08:04", "end": "00:08:09", "text": "out. And we're nearing that moment. But,"}, {"start": "00:08:07", "end": "00:08:12", "text": "the last moves of a market cycle tend to"}, {"start": "00:08:09", "end": "00:08:13", "text": "always be the most dramatic. All the"}, {"start": "00:08:12", "end": "00:08:15", "text": "money that's been sitting in, you know,"}, {"start": "00:08:13", "end": "00:08:18", "text": "bonds for years, they're finally going"}, {"start": "00:08:15", "end": "00:08:19", "text": "to come out and bravely buy the top when"}, {"start": "00:08:18", "end": "00:08:22", "text": "it feels everything's perfect in the"}, {"start": "00:08:19", "end": "00:08:24", "text": "world and it's working great. Now it's"}, {"start": "00:08:22", "end": "00:08:25", "text": "safe to buy this stuff. And that's when"}, {"start": "00:08:24", "end": "00:08:27", "text": "you have to sell. When the excess"}, {"start": "00:08:25", "end": "00:08:28", "text": "liquidity is there to buy the top, so"}, {"start": "00:08:27", "end": "00:08:30", "text": "you can sell the top, okay? Not the"}, {"start": "00:08:28", "end": "00:08:31", "text": "other way around. Tom Lee just said from"}, {"start": "00:08:30", "end": "00:08:32", "text": "get at the beginning of a super cycle"}, {"start": "00:08:31", "end": "00:08:34", "text": "for Bitcoin and crypto, it's maybe the"}, {"start": "00:08:32", "end": "00:08:36", "text": "biggest bull market we've ever seen. You"}, {"start": "00:08:34", "end": "00:08:38", "text": "are not bullish enough. You are not"}, {"start": "00:08:36", "end": "00:08:41", "text": "bullish enough. Yes. Rando over on 4chan"}, {"start": "00:08:38", "end": "00:08:42", "text": "showed back up saying the top was not"}, {"start": "00:08:41", "end": "00:08:43", "text": "in. So, I'm saying again, you're still"}, {"start": "00:08:42", "end": "00:08:44", "text": "counting four-year cycles. We're heading"}, {"start": "00:08:43", "end": "00:08:46", "text": "into a supercycle. The trigger is"}, {"start": "00:08:44", "end": "00:08:48", "text": "liquidity. When monetary easing returns,"}, {"start": "00:08:46", "end": "00:08:49", "text": "financial conditions loosen, the ceiling"}, {"start": "00:08:48", "end": "00:08:51", "text": "moves higher, Bitcoin leads, Ethereum"}, {"start": "00:08:49", "end": "00:08:52", "text": "follows, the capital then moves further"}, {"start": "00:08:51", "end": "00:08:53", "text": "out into the market, but not every"}, {"start": "00:08:52", "end": "00:08:54", "text": "altcoin will get a seat at the table."}, {"start": "00:08:53", "end": "00:08:56", "text": "Next winners will be utility projects,"}, {"start": "00:08:54", "end": "00:08:57", "text": "real products, real users, real revenue,"}, {"start": "00:08:56", "end": "00:08:59", "text": "not another road map, not another"}, {"start": "00:08:57", "end": "00:09:01", "text": "promise. AI crypto will capture market"}, {"start": "00:08:59", "end": "00:09:02", "text": "share, compute, data, agents,"}, {"start": "00:09:01", "end": "00:09:05", "text": "infrastructure. The winners will connect"}, {"start": "00:09:02", "end": "00:09:07", "text": "growing AI demand to products people use"}, {"start": "00:09:05", "end": "00:09:08", "text": "and tokens these products actually need."}, {"start": "00:09:07", "end": "00:09:10", "text": "Putting AI in the name will not be"}, {"start": "00:09:08", "end": "00:09:11", "text": "enough. That is where the next is"}, {"start": "00:09:10", "end": "00:09:12", "text": "serious, not just better story, but a"}, {"start": "00:09:11", "end": "00:09:17", "text": "bigger market and actual demand. Mark"}, {"start": "00:09:12", "end": "00:09:20", "text": "this down. BTC 500K, ETH 45, SOL 2K, BNB"}, {"start": "00:09:17", "end": "00:09:21", "text": "5K. If we get a supercycle, we could"}, {"start": "00:09:20", "end": "00:09:24", "text": "indeed be heading in that direction."}, {"start": "00:09:21", "end": "00:09:26", "text": "Let's see. Big words, the supercycle."}, {"start": "00:09:24", "end": "00:09:28", "text": "Words that if you've been in crypto for"}, {"start": "00:09:26", "end": "00:09:30", "text": "a while, bring up some kind of PTSD."}, {"start": "00:09:28", "end": "00:09:33", "text": "However, a lot of stuff is lining up to"}, {"start": "00:09:30", "end": "00:09:36", "text": "say that this market cycle still has a"}, {"start": "00:09:33", "end": "00:09:38", "text": "long way to go. And because of that, I"}, {"start": "00:09:36", "end": "00:09:40", "text": "think that being irrationally bearish"}, {"start": "00:09:38", "end": "00:09:41", "text": "right now because he got sidelined or he"}, {"start": "00:09:40", "end": "00:09:43", "text": "didn't perfectly buy the bottom. And"}, {"start": "00:09:41", "end": "00:09:45", "text": "here's the thing, most of the people"}, {"start": "00:09:43", "end": "00:09:46", "text": "most of the the bears who were calling"}, {"start": "00:09:45", "end": "00:09:48", "text": "for these crazy low targets wouldn't"}, {"start": "00:09:46", "end": "00:09:50", "text": "have bought anyway because they'd always"}, {"start": "00:09:48", "end": "00:09:51", "text": "become more bearish. You get bear"}, {"start": "00:09:50", "end": "00:09:53", "text": "euphoria just the same way you have bull"}, {"start": "00:09:51", "end": "00:09:55", "text": "euphoria. And the bears say, \"Ah, look,"}, {"start": "00:09:53", "end": "00:09:58", "text": "40K, I was right. That was going to"}, {"start": "00:09:55", "end": "00:09:59", "text": "20K.\" And that goes to 60, \"Well, it's"}, {"start": "00:09:58", "end": "00:10:01", "text": "just a bull trap.\" Then it goes to 80,"}, {"start": "00:09:59", "end": "00:10:02", "text": "\"Well, it's a bigger bull trap, but"}, {"start": "00:10:01", "end": "00:10:03", "text": "we're still going to 20.\" You have to"}, {"start": "00:10:02", "end": "00:10:05", "text": "look at the data in front of you, not"}, {"start": "00:10:03", "end": "00:10:07", "text": "the data you want to see in the charts."}, {"start": "00:10:05", "end": "00:10:09", "text": "You have to be ready to adapt at all"}, {"start": "00:10:07", "end": "00:10:11", "text": "times. The market humbles you all the"}, {"start": "00:10:09", "end": "00:10:13", "text": "time. Get your ego out of the game cuz"}, {"start": "00:10:11", "end": "00:10:15", "text": "it has no place here. Every week 100,000"}, {"start": "00:10:13", "end": "00:10:16", "text": "people get the trade idea before the"}, {"start": "00:10:15", "end": "00:10:18", "text": "crowd does. You could be one of those"}, {"start": "00:10:16", "end": "00:10:20", "text": "people for free. Or you could find out"}, {"start": "00:10:18", "end": "00:10:21", "text": "after the move has happened, after it's"}, {"start": "00:10:20", "end": "00:10:22", "text": "already played out. The Lark Davis"}, {"start": "00:10:21", "end": "00:10:24", "text": "newsletter delivers a trade of the day,"}, {"start": "00:10:22", "end": "00:10:27", "text": "a chart of the day, a market-moving"}, {"start": "00:10:24", "end": "00:10:29", "text": "alpha section directly to your inbox."}, {"start": "00:10:27", "end": "00:10:31", "text": "All the latest news, what you need to"}, {"start": "00:10:29", "end": "00:10:32", "text": "know as an investor in these markets."}, {"start": "00:10:31", "end": "00:10:34", "text": "Timed to get ahead of the action, not"}, {"start": "00:10:32", "end": "00:10:36", "text": "react to it. It's free, it's fast, and"}, {"start": "00:10:34", "end": "00:10:38", "text": "it's the one habit separating traders"}, {"start": "00:10:36", "end": "00:10:39", "text": "who catch moves and traders who chase"}, {"start": "00:10:38", "end": "00:10:41", "text": "them. Don't be the one asking, \"Why"}, {"start": "00:10:39", "end": "00:10:44", "text": "didn't I know about this?\" Join the Lark"}, {"start": "00:10:41", "end": "00:10:47", "text": "Davis newsletter today. It's free, link"}, {"start": "00:10:44", "end": "00:10:47", "text": "below. Go get it."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "This is what happened the last two times"}, {"start": "00:00:03", "end": "00:00:08", "text": "that we had a bullish monthly MACD"}, {"start": "00:00:06", "end": "00:00:13", "text": "crossover for the total crypto market"}, {"start": "00:00:08", "end": "00:00:16", "text": "cap. This was July 2020. You can see we"}, {"start": "00:00:13", "end": "00:00:19", "text": "went up by a thousand percent over 17"}, {"start": "00:00:16", "end": "00:00:21", "text": "months. Second time. There's more back"}, {"start": "00:00:19", "end": "00:00:22", "text": "if you go back further in the chart, but"}, {"start": "00:00:21", "end": "00:00:24", "text": "we're just the last two examples I think"}, {"start": "00:00:22", "end": "00:00:28", "text": "give you enough of an idea of where"}, {"start": "00:00:24", "end": "00:00:33", "text": "we're at. October 2023, we went up 300%"}, {"start": "00:00:28", "end": "00:00:35", "text": "over 24 months. So, an extrapolation"}, {"start": "00:00:33", "end": "00:00:37", "text": "from this data, we haven't even hit the"}, {"start": "00:00:35", "end": "00:00:38", "text": "bull cross yet on the MACD. We're still"}, {"start": "00:00:37", "end": "00:00:40", "text": "a few months out, meaning the"}, {"start": "00:00:38", "end": "00:00:43", "text": "accumulation window is still very much"}, {"start": "00:00:40", "end": "00:00:45", "text": "wide open. The majority of the hot coins"}, {"start": "00:00:43", "end": "00:00:49", "text": "that will probably be the big earners in"}, {"start": "00:00:45", "end": "00:00:50", "text": "a future mega bull run are still 75-80%"}, {"start": "00:00:49", "end": "00:00:52", "text": "below their all-time highs. Even really"}, {"start": "00:00:50", "end": "00:00:55", "text": "hot coins like Near, yeah, Near"}, {"start": "00:00:52", "end": "00:00:58", "text": "blockchain, 75% under its all-time"}, {"start": "00:00:55", "end": "00:00:58", "text": "highs."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "You know what the hedge is? If I'm"}, {"start": "00:00:01", "end": "00:00:06", "text": "right, it's to go buy Bitcoin. So, if"}, {"start": "00:00:05", "end": "00:00:08", "text": "you believe that you're going to get"}, {"start": "00:00:06", "end": "00:00:10", "text": "disrupted by AI,"}, {"start": "00:00:08", "end": "00:00:12", "text": "then you start asking if I'm getting"}, {"start": "00:00:10", "end": "00:00:13", "text": "disrupted, who isn't going to get"}, {"start": "00:00:12", "end": "00:00:15", "text": "disrupted. It's really hard to come up"}, {"start": "00:00:13", "end": "00:00:17", "text": "with any company, which is why I focus"}, {"start": "00:00:15", "end": "00:00:19", "text": "my attention on the agentic compute"}, {"start": "00:00:17", "end": "00:00:21", "text": "side. I have total confidence over the"}, {"start": "00:00:19", "end": "00:00:24", "text": "next three years that as a basket of"}, {"start": "00:00:21", "end": "00:00:26", "text": "semiconductors of the optical companies"}, {"start": "00:00:24", "end": "00:00:28", "text": "of the transporta you know the"}, {"start": "00:00:26", "end": "00:00:30", "text": "industrial companies that make the data"}, {"start": "00:00:28", "end": "00:00:31", "text": "centers that over the next 3 years with"}, {"start": "00:00:30", "end": "00:00:33", "text": "humanoids coming and everything else"}, {"start": "00:00:31", "end": "00:00:35", "text": "that what's going on guys today we've"}, {"start": "00:00:33", "end": "00:00:36", "text": "got an excellent conversation with Jordy"}, {"start": "00:00:35", "end": "00:00:38", "text": "Visser in this he's going to talk about"}, {"start": "00:00:36", "end": "00:00:39", "text": "the death of hedge funds and why"}, {"start": "00:00:38", "end": "00:00:41", "text": "tokenization may be the thing that"}, {"start": "00:00:39", "end": "00:00:43", "text": "brings that right to their doorstep we"}, {"start": "00:00:41", "end": "00:00:45", "text": "talk about long-term capital management"}, {"start": "00:00:43", "end": "00:00:47", "text": "bitcoin tokenization what is going on"}, {"start": "00:00:45", "end": "00:00:49", "text": "with CPI why we don't care about it"}, {"start": "00:00:47", "end": "00:00:51", "text": "anymore how AI is now inevitable, what's"}, {"start": "00:00:49", "end": "00:00:53", "text": "going on in financial markets, what it"}, {"start": "00:00:51", "end": "00:00:54", "text": "means for your portfolio, and then of"}, {"start": "00:00:53", "end": "00:00:56", "text": "course we got to disagree on something."}, {"start": "00:00:54", "end": "00:00:58", "text": "So, we're going to get into a very"}, {"start": "00:00:56", "end": "00:01:00", "text": "heated debate, heated for two gentlemen."}, {"start": "00:00:58", "end": "00:01:01", "text": "And in that conversation, I think you're"}, {"start": "00:01:00", "end": "00:01:03", "text": "going to learn a lot about how AI is"}, {"start": "00:01:01", "end": "00:01:05", "text": "working, token prices, and how we see"}, {"start": "00:01:03", "end": "00:01:06", "text": "the world evolving over time, both for"}, {"start": "00:01:05", "end": "00:01:09", "text": "big companies, small companies, and how"}, {"start": "00:01:06", "end": "00:01:10", "text": "you can invest along all these themes."}, {"start": "00:01:09", "end": "00:01:12", "text": "That and much more in today's"}, {"start": "00:01:10", "end": "00:01:14", "text": "conversation with Jordi Visser. All"}, {"start": "00:01:12", "end": "00:01:16", "text": "right, Jordy, you've got some very"}, {"start": "00:01:14", "end": "00:01:17", "text": "unique thoughts this week on long-term"}, {"start": "00:01:16", "end": "00:01:19", "text": "capital management and how we may be"}, {"start": "00:01:17", "end": "00:01:20", "text": "living through a very similar time right"}, {"start": "00:01:19", "end": "00:01:22", "text": "now. Can you give us context on how"}, {"start": "00:01:20", "end": "00:01:23", "text": "you're thinking about this moment in"}, {"start": "00:01:22", "end": "00:01:26", "text": "time?"}, {"start": "00:01:23", "end": "00:01:30", "text": ">> Yeah. And for those of you who are um my"}, {"start": "00:01:26", "end": "00:01:33", "text": "subscribers, you saw me do a very brief"}, {"start": "00:01:30", "end": "00:01:35", "text": "video on Thursday. And the reason I put"}, {"start": "00:01:33", "end": "00:01:37", "text": "it out is because so many people had"}, {"start": "00:01:35", "end": "00:01:38", "text": "reached out and I had a busy week. But"}, {"start": "00:01:37", "end": "00:01:41", "text": "because people had reached out and said,"}, {"start": "00:01:38", "end": "00:01:42", "text": "\"What's going on? Is this something I"}, {"start": "00:01:41", "end": "00:01:43", "text": "should be worried about?"}, {"start": "00:01:42", "end": "00:01:44", "text": ">> The sell-off and all of the fears around"}, {"start": "00:01:43", "end": "00:01:46", "text": "the AI."}, {"start": "00:01:44", "end": "00:01:48", "text": ">> Yeah, semiconductors are down seven days"}, {"start": "00:01:46", "end": "00:01:51", "text": "in a row. Coreweave, CDS, all this"}, {"start": "00:01:48", "end": "00:01:53", "text": "stuff. And of course, the echo chamber"}, {"start": "00:01:51", "end": "00:01:56", "text": "of bears gets louder and louder whenever"}, {"start": "00:01:53", "end": "00:01:59", "text": "there's a Oh, it's popping now. Finally."}, {"start": "00:01:56", "end": "00:02:00", "text": "Um it to give you like a brief sports"}, {"start": "00:01:59", "end": "00:02:03", "text": "analogy,"}, {"start": "00:02:00", "end": "00:02:06", "text": "this is like you go into a game um and"}, {"start": "00:02:03", "end": "00:02:09", "text": "you've decided to bet on a football team"}, {"start": "00:02:06", "end": "00:02:12", "text": "that you know is is given 28 points."}, {"start": "00:02:09", "end": "00:02:14", "text": ">> So there are four touchdown underdog and"}, {"start": "00:02:12", "end": "00:02:16", "text": "the you get the first touchdown and you"}, {"start": "00:02:14", "end": "00:02:18", "text": "start banging your chest. That is what"}, {"start": "00:02:16", "end": "00:02:20", "text": "bearish people on the AI bubble popping"}, {"start": "00:02:18", "end": "00:02:22", "text": "when the S&P is a couple percent off the"}, {"start": "00:02:20", "end": "00:02:24", "text": "all-time highs feels like to me. Like"}, {"start": "00:02:22", "end": "00:02:26", "text": "I've never met anyone who predicted the"}, {"start": "00:02:24", "end": "00:02:28", "text": "end of a bubble and I certainly didn't"}, {"start": "00:02:26", "end": "00:02:30", "text": "don't think anyone who's waiting every"}, {"start": "00:02:28", "end": "00:02:33", "text": "day for anything to happen. So this week"}, {"start": "00:02:30", "end": "00:02:35", "text": "brought out a lot of fear and I I want"}, {"start": "00:02:33", "end": "00:02:37", "text": "to share some thoughts on how LTCM fits"}, {"start": "00:02:35", "end": "00:02:38", "text": "into this because I think it's really"}, {"start": "00:02:37", "end": "00:02:41", "text": "important for people to understand"}, {"start": "00:02:38", "end": "00:02:43", "text": "leverage. So I'm a believer and this is"}, {"start": "00:02:41", "end": "00:02:44", "text": "the reason why I'm not in the hedge fund"}, {"start": "00:02:43", "end": "00:02:47", "text": "industry."}, {"start": "00:02:44", "end": "00:02:48", "text": ">> I have no interest in being in a"}, {"start": "00:02:47", "end": "00:02:49", "text": "competition against artificial"}, {"start": "00:02:48", "end": "00:02:51", "text": "intelligence which everyone who's"}, {"start": "00:02:49", "end": "00:02:53", "text": "staying in the industry is competing."}, {"start": "00:02:51", "end": "00:02:54", "text": "they're competing against AI agents. The"}, {"start": "00:02:53", "end": "00:02:56", "text": "fact that any retail person can set up a"}, {"start": "00:02:54", "end": "00:02:59", "text": "long short hedge fund instantaneously"}, {"start": "00:02:56", "end": "00:03:00", "text": "now back test things and do it. So, I"}, {"start": "00:02:59", "end": "00:03:02", "text": "didn't believe this was going to be an"}, {"start": "00:03:00", "end": "00:03:04", "text": "easy period."}, {"start": "00:03:02", "end": "00:03:08", "text": "But there is no doubt in my mind with"}, {"start": "00:03:04", "end": "00:03:11", "text": "100% certainty, just like before the dot"}, {"start": "00:03:08", "end": "00:03:12", "text": "bubble. We knew before the.com bubble"}, {"start": "00:03:11", "end": "00:03:15", "text": "that the internet would change our"}, {"start": "00:03:12", "end": "00:03:17", "text": "lives. What we didn't know was how long"}, {"start": "00:03:15", "end": "00:03:20", "text": "it would take. So when the.com bubble"}, {"start": "00:03:17", "end": "00:03:21", "text": "happened, which was right after LTCM,"}, {"start": "00:03:20", "end": "00:03:24", "text": "which I'll get into, people have to"}, {"start": "00:03:21", "end": "00:03:26", "text": "understand every single thought on the"}, {"start": "00:03:24", "end": "00:03:29", "text": "internet ended up being right. The"}, {"start": "00:03:26", "end": "00:03:32", "text": "problem was the capital that was"}, {"start": "00:03:29", "end": "00:03:34", "text": "borrowed to build the pipes necessary"}, {"start": "00:03:32", "end": "00:03:36", "text": "for it took a long time to get there."}, {"start": "00:03:34", "end": "00:03:38", "text": "Now, let's go back to LTCM. I was in"}, {"start": "00:03:36", "end": "00:03:40", "text": "Brazil."}, {"start": "00:03:38", "end": "00:03:42", "text": "I got to see LTCM on the other side of"}, {"start": "00:03:40", "end": "00:03:46", "text": "their trades. And to give you the kinds"}, {"start": "00:03:42", "end": "00:03:47", "text": "of trades they did, Telos, which was one"}, {"start": "00:03:46", "end": "00:03:50", "text": "of the largest trading stocks in the"}, {"start": "00:03:47", "end": "00:03:53", "text": "world in 1997, was going through a"}, {"start": "00:03:50", "end": "00:03:55", "text": "privatization. So the company basically"}, {"start": "00:03:53", "end": "00:03:56", "text": "was going to be or not, they were going"}, {"start": "00:03:55", "end": "00:03:59", "text": "to be privatized. And what was going to"}, {"start": "00:03:56", "end": "00:04:01", "text": "end up happening was"}, {"start": "00:03:59", "end": "00:04:04", "text": "ordinary and preferred shares would"}, {"start": "00:04:01", "end": "00:04:06", "text": "converge to the same price. So, one of"}, {"start": "00:04:04", "end": "00:04:08", "text": "the trades that LTCM did was to"}, {"start": "00:04:06", "end": "00:04:09", "text": "basically short the preferred stocks"}, {"start": "00:04:08", "end": "00:04:12", "text": "trading at a premium to the ordinary"}, {"start": "00:04:09", "end": "00:04:14", "text": "shares and they'd converge as the"}, {"start": "00:04:12", "end": "00:04:17", "text": "privatization got the date became more"}, {"start": "00:04:14", "end": "00:04:21", "text": "certain. Well, before that date"}, {"start": "00:04:17", "end": "00:04:23", "text": "happened, the spread widened out. Now,"}, {"start": "00:04:21", "end": "00:04:25", "text": "why did it widen out? Why would it widen"}, {"start": "00:04:23", "end": "00:04:27", "text": "out? Well, there's a variety of reasons"}, {"start": "00:04:25", "end": "00:04:28", "text": "that go into why a spread would widen"}, {"start": "00:04:27", "end": "00:04:29", "text": "out. And that's what hedge funds are"}, {"start": "00:04:28", "end": "00:04:32", "text": "going through right now. And the reason"}, {"start": "00:04:29", "end": "00:04:35", "text": "I say with certainty"}, {"start": "00:04:32", "end": "00:04:37", "text": "AI and the compute needs for it are an"}, {"start": "00:04:35", "end": "00:04:38", "text": "inevitability. You can debate whether"}, {"start": "00:04:37", "end": "00:04:40", "text": "it's going to take 20 years and we'll go"}, {"start": "00:04:38", "end": "00:04:43", "text": "through some form of a.com bubble. You"}, {"start": "00:04:40", "end": "00:04:45", "text": "can you can have that debate. I everyone"}, {"start": "00:04:43", "end": "00:04:48", "text": "knows my views which are as long as"}, {"start": "00:04:45", "end": "00:04:51", "text": "demand is greater than supply. There's"}, {"start": "00:04:48", "end": "00:04:53", "text": "no chance in my mind of having an unwind"}, {"start": "00:04:51", "end": "00:04:56", "text": "that is very similar to the dot bubble"}, {"start": "00:04:53", "end": "00:04:57", "text": "because the people that are financing it"}, {"start": "00:04:56", "end": "00:05:00", "text": "are very different than the telecom"}, {"start": "00:04:57", "end": "00:05:03", "text": "companies. Uh, I made a joke on my video"}, {"start": "00:05:00", "end": "00:05:04", "text": "on Thursday when I compared it to the"}, {"start": "00:05:03", "end": "00:05:07", "text": "housing market. I'm like, \"Okay, let's"}, {"start": "00:05:04", "end": "00:05:11", "text": "go through Cororeweave.\" Corweave"}, {"start": "00:05:07", "end": "00:05:13", "text": "doesn't have strippers funding"}, {"start": "00:05:11", "end": "00:05:16", "text": "their needs for capital. It's actually"}, {"start": "00:05:13", "end": "00:05:18", "text": "coming from Microsoft, from OpenAI, from"}, {"start": "00:05:16", "end": "00:05:20", "text": "go through Meta, go through the list of"}, {"start": "00:05:18", "end": "00:05:22", "text": "really big companies. And I made the"}, {"start": "00:05:20", "end": "00:05:23", "text": "joke about the stripper funding because"}, {"start": "00:05:22", "end": "00:05:25", "text": "that's what was going on with the"}, {"start": "00:05:23", "end": "00:05:27", "text": "housing bubble. Like they started"}, {"start": "00:05:25", "end": "00:05:29", "text": "defaulting on their payments."}, {"start": "00:05:27", "end": "00:05:32", "text": "Microsoft's not defaulting. Meta is not"}, {"start": "00:05:29", "end": "00:05:34", "text": "defaulting. OpenAI is not defaulting. So"}, {"start": "00:05:32", "end": "00:05:36", "text": "for Coreweave to be an issue, the"}, {"start": "00:05:34", "end": "00:05:39", "text": "Gartner group said that they think by"}, {"start": "00:05:36", "end": "00:05:41", "text": "2030"}, {"start": "00:05:39", "end": "00:05:44", "text": "when companies report earnings, they"}, {"start": "00:05:41", "end": "00:05:47", "text": "have they have visibility with orders"}, {"start": "00:05:44", "end": "00:05:49", "text": "sold out to 2030. This has been coming"}, {"start": "00:05:47", "end": "00:05:51", "text": "on repeatedly. So for the first time in"}, {"start": "00:05:49", "end": "00:05:53", "text": "the history of markets and certainly the"}, {"start": "00:05:51", "end": "00:05:56", "text": "first time in the history of my life,"}, {"start": "00:05:53", "end": "00:05:59", "text": "everyone is worried"}, {"start": "00:05:56", "end": "00:06:00", "text": "about whether we're going to hit"}, {"start": "00:05:59", "end": "00:06:01", "text": "revenues in 5 years."}, {"start": "00:06:00", "end": "00:06:03", "text": ">> Mhm."}, {"start": "00:06:01", "end": "00:06:05", "text": ">> That is not going to drive the"}, {"start": "00:06:03", "end": "00:06:06", "text": "inevitability of AI. And I find it"}, {"start": "00:06:05", "end": "00:06:08", "text": "almost impossible that we won't hit"}, {"start": "00:06:06", "end": "00:06:10", "text": "there because I listen to people like"}, {"start": "00:06:08", "end": "00:06:11", "text": "Jensen Yuang. I listen to people that"}, {"start": "00:06:10", "end": "00:06:14", "text": "have been in the technology field for a"}, {"start": "00:06:11", "end": "00:06:16", "text": "long time that realize that every day"}, {"start": "00:06:14", "end": "00:06:17", "text": "the orders keep coming in for compute,"}, {"start": "00:06:16", "end": "00:06:19", "text": "for compute, for compute. So everyone"}, {"start": "00:06:17", "end": "00:06:20", "text": "can take the nuance. I'm bearish"}, {"start": "00:06:19", "end": "00:06:23", "text": "anthropic. I'm bearish OpenAI. I'm"}, {"start": "00:06:20", "end": "00:06:25", "text": "bearish this. The problem people have to"}, {"start": "00:06:23", "end": "00:06:27", "text": "understand is the only leverage that I"}, {"start": "00:06:25", "end": "00:06:30", "text": "see in the system that is being knocked"}, {"start": "00:06:27", "end": "00:06:33", "text": "out is hedge funds."}, {"start": "00:06:30", "end": "00:06:36", "text": ">> We recorded last week at the end of that"}, {"start": "00:06:33", "end": "00:06:39", "text": "day on Friday of last week one of the"}, {"start": "00:06:36", "end": "00:06:41", "text": "best hedge funds of this century. This"}, {"start": "00:06:39", "end": "00:06:43", "text": "century, not situational awareness, not"}, {"start": "00:06:41", "end": "00:06:47", "text": "some guy who just started managing"}, {"start": "00:06:43", "end": "00:06:50", "text": "money. Lone Pine Capital was up 40 plus"}, {"start": "00:06:47", "end": "00:06:53", "text": "percent in the first half of the year"}, {"start": "00:06:50", "end": "00:06:55", "text": "and as of the end of September"}, {"start": "00:06:53", "end": "00:06:58", "text": "and I want to say in a quarter that the"}, {"start": "00:06:55", "end": "00:07:02", "text": "S&P was up 2%. Never did the VIX go"}, {"start": "00:06:58", "end": "00:07:04", "text": "higher in any meaningful way never in an"}, {"start": "00:07:02", "end": "00:07:05", "text": "entire time was there a big move on a"}, {"start": "00:07:04", "end": "00:07:07", "text": "monthly basis and yet somehow they gave"}, {"start": "00:07:05", "end": "00:07:09", "text": "up the entire performance. And so people"}, {"start": "00:07:07", "end": "00:07:10", "text": "understand how that means. If you're up"}, {"start": "00:07:09", "end": "00:07:12", "text": "40 plus% and I don't know what their"}, {"start": "00:07:10", "end": "00:07:13", "text": "fees are, but let's assume you're"}, {"start": "00:07:12", "end": "00:07:15", "text": "charging 20% and let's leave the"}, {"start": "00:07:13", "end": "00:07:17", "text": "management fee out. That means by"}, {"start": "00:07:15", "end": "00:07:18", "text": "definition you were up more than 50% cuz"}, {"start": "00:07:17", "end": "00:07:21", "text": "you gave it all back and now your net"}, {"start": "00:07:18", "end": "00:07:24", "text": "return is is zero."}, {"start": "00:07:21", "end": "00:07:25", "text": "That just says that something big is"}, {"start": "00:07:24", "end": "00:07:27", "text": "happening. It wasn't just situational"}, {"start": "00:07:25", "end": "00:07:30", "text": "awareness. It was some of the best hedge"}, {"start": "00:07:27", "end": "00:07:32", "text": "funds that have ever existed. And in my"}, {"start": "00:07:30", "end": "00:07:35", "text": "opinion, what is going on and will"}, {"start": "00:07:32", "end": "00:07:38", "text": "persist for the entire 5 years to the"}, {"start": "00:07:35", "end": "00:07:41", "text": "inevitable is what I watched with LTCM."}, {"start": "00:07:38", "end": "00:07:42", "text": "You are making a bet as to how long your"}, {"start": "00:07:41", "end": "00:07:43", "text": "investors will stay with you."}, {"start": "00:07:42", "end": "00:07:44", "text": ">> Mhm."}, {"start": "00:07:43", "end": "00:07:46", "text": ">> You are making a bet on how long the"}, {"start": "00:07:44", "end": "00:07:48", "text": "prime brokers will give you leverage for"}, {"start": "00:07:46", "end": "00:07:49", "text": "whatever leverage you're using. We are"}, {"start": "00:07:48", "end": "00:07:52", "text": "watching leverage come out of the"}, {"start": "00:07:49", "end": "00:07:54", "text": "system. And the hedge fund industry, in"}, {"start": "00:07:52", "end": "00:07:56", "text": "my opinion, is going through a process"}, {"start": "00:07:54", "end": "00:07:58", "text": "which is going to weed out a lot of"}, {"start": "00:07:56", "end": "00:08:00", "text": "leverage in the system. And this process"}, {"start": "00:07:58", "end": "00:08:02", "text": "is going to continue and continue"}, {"start": "00:08:00", "end": "00:08:06", "text": "because the concentration of the winners"}, {"start": "00:08:02", "end": "00:08:09", "text": "in AI is so small and the losers are so"}, {"start": "00:08:06", "end": "00:08:11", "text": "big that this process will leave people"}, {"start": "00:08:09", "end": "00:08:13", "text": "needing to invest in certainty and with"}, {"start": "00:08:11", "end": "00:08:15", "text": "certainty you're making a bet on time"}, {"start": "00:08:13", "end": "00:08:17", "text": "and your ability to navigate that path."}, {"start": "00:08:15", "end": "00:08:18", "text": "So I think this was a big week and when"}, {"start": "00:08:17", "end": "00:08:20", "text": "you listen to the bears going the"}, {"start": "00:08:18", "end": "00:08:22", "text": "bubbles unwinding the irony is the"}, {"start": "00:08:20", "end": "00:08:24", "text": "bubbles are in really smart people that"}, {"start": "00:08:22", "end": "00:08:27", "text": "have used leverage to make money for a"}, {"start": "00:08:24", "end": "00:08:30", "text": "long time. When you look at investment"}, {"start": "00:08:27", "end": "00:08:31", "text": "strategies, there is the Buffett, you"}, {"start": "00:08:30", "end": "00:08:33", "text": "know, era, buy great things, hold them"}, {"start": "00:08:31", "end": "00:08:35", "text": "forever. There are gold bugs,"}, {"start": "00:08:33", "end": "00:08:39", "text": "Bitcoiners, buy great asset, hold it"}, {"start": "00:08:35", "end": "00:08:40", "text": "forever. Um, hedge funds, they really,"}, {"start": "00:08:39", "end": "00:08:42", "text": "outside of the rents and maybe the"}, {"start": "00:08:40", "end": "00:08:44", "text": "citadels and market makers, most of the"}, {"start": "00:08:42", "end": "00:08:46", "text": "hedge funds have found, you know, kind"}, {"start": "00:08:44", "end": "00:08:48", "text": "of structural mispricing or structural"}, {"start": "00:08:46", "end": "00:08:49", "text": "arbitragees. They've used a lot of"}, {"start": "00:08:48", "end": "00:08:51", "text": "leverage and they've been able to"}, {"start": "00:08:49", "end": "00:08:53", "text": "generate significant returns. What I"}, {"start": "00:08:51", "end": "00:08:57", "text": "think I hear you saying is that that"}, {"start": "00:08:53", "end": "00:08:59", "text": "section of investing is now rapidly"}, {"start": "00:08:57", "end": "00:09:01", "text": "evolving on a day-to-day, week to week,"}, {"start": "00:08:59", "end": "00:09:03", "text": "month-to-month basis. And so, you can't"}, {"start": "00:09:01", "end": "00:09:06", "text": "sit here and say, \"Hey, you know what?"}, {"start": "00:09:03", "end": "00:09:08", "text": "I'm going to buy the close and sell the"}, {"start": "00:09:06", "end": "00:09:10", "text": "open every day, and I'm going to do that"}, {"start": "00:09:08", "end": "00:09:11", "text": "for months or years, and I'm going to do"}, {"start": "00:09:10", "end": "00:09:13", "text": "it with lots of leverage, and so I'm"}, {"start": "00:09:11", "end": "00:09:14", "text": "going to clip my 100 basis points, you"}, {"start": "00:09:13", "end": "00:09:16", "text": "know, each day, and I'm going to end up"}, {"start": "00:09:14", "end": "00:09:18", "text": "with this great return.\" And because"}, {"start": "00:09:16", "end": "00:09:20", "text": "everything is evolving"}, {"start": "00:09:18", "end": "00:09:22", "text": "so much that that's really where now"}, {"start": "00:09:20", "end": "00:09:23", "text": "these people have to evolve with the"}, {"start": "00:09:22", "end": "00:09:25", "text": "market and you're just increasing the"}, {"start": "00:09:23", "end": "00:09:26", "text": "odds that they make mistakes. Is is that"}, {"start": "00:09:25", "end": "00:09:28", "text": "the way to think about it?"}, {"start": "00:09:26", "end": "00:09:31", "text": ">> So I'm going to I'm going to go a little"}, {"start": "00:09:28", "end": "00:09:34", "text": "bit further backwards and say this. If I"}, {"start": "00:09:31", "end": "00:09:38", "text": "asked you what has hurt private credit,"}, {"start": "00:09:34", "end": "00:09:39", "text": "if you really think about it, it was AI."}, {"start": "00:09:38", "end": "00:09:42", "text": "So AI"}, {"start": "00:09:39", "end": "00:09:45", "text": ">> so the majority as we learned of the"}, {"start": "00:09:42", "end": "00:09:48", "text": "private credit investments"}, {"start": "00:09:45", "end": "00:09:50", "text": "They're from 21 22 and they're SAS"}, {"start": "00:09:48", "end": "00:09:53", "text": "companies. What did AI destroy was SAS"}, {"start": "00:09:50", "end": "00:09:56", "text": "companies and it didn't move them all to"}, {"start": "00:09:53", "end": "00:09:57", "text": "zero. But what it did was if you make"}, {"start": "00:09:56", "end": "00:10:01", "text": "investments in these companies and"}, {"start": "00:09:57", "end": "00:10:03", "text": "they're in competition with AI, it just"}, {"start": "00:10:01", "end": "00:10:05", "text": "eats at you. My thesis has always been"}, {"start": "00:10:03", "end": "00:10:08", "text": "that human beings are no longer the top"}, {"start": "00:10:05", "end": "00:10:11", "text": "of the intelligence food chain. If"}, {"start": "00:10:08", "end": "00:10:13", "text": "everything that was made was about LTCM"}, {"start": "00:10:11", "end": "00:10:16", "text": "when genius failed, we are now at the"}, {"start": "00:10:13", "end": "00:10:18", "text": "point where an AI agent can do"}, {"start": "00:10:16", "end": "00:10:20", "text": "everything that a hedge fund can do."}, {"start": "00:10:18", "end": "00:10:24", "text": "Everything. There is not a single thing."}, {"start": "00:10:20", "end": "00:10:26", "text": "And who would you rather lend to?"}, {"start": "00:10:24", "end": "00:10:27", "text": "Risk management that is instantaneous in"}, {"start": "00:10:26", "end": "00:10:29", "text": "seeing everything happening that can"}, {"start": "00:10:27", "end": "00:10:31", "text": "read every single thing from a company"}, {"start": "00:10:29", "end": "00:10:33", "text": "can understand am I in a crowded"}, {"start": "00:10:31", "end": "00:10:35", "text": "position or not by going through the 13F"}, {"start": "00:10:33", "end": "00:10:39", "text": "filings. Hey, I heard I mean there's a"}, {"start": "00:10:35", "end": "00:10:41", "text": "new hedge fund Vera not new but Vera Aai"}, {"start": "00:10:39", "end": "00:10:44", "text": "reportedly with 26 they were down 40ome%"}, {"start": "00:10:41", "end": "00:10:45", "text": "in July. So this is a new story today. I"}, {"start": "00:10:44", "end": "00:10:46", "text": "don't know anything about them. I don't"}, {"start": "00:10:45", "end": "00:10:49", "text": "know what the reality is in terms of"}, {"start": "00:10:46", "end": "00:10:51", "text": "where they are but they're going through"}, {"start": "00:10:49", "end": "00:10:54", "text": "a similar situation. And I'm sure just"}, {"start": "00:10:51", "end": "00:10:57", "text": "like with LTCM if you go back all of the"}, {"start": "00:10:54", "end": "00:10:58", "text": "positions that were unwound from LTCM"}, {"start": "00:10:57", "end": "00:11:01", "text": "made the people that took them on money."}, {"start": "00:10:58", "end": "00:11:03", "text": "So Ken Griffin got the whole LEO like"}, {"start": "00:11:01", "end": "00:11:05", "text": "acknowledgement."}, {"start": "00:11:03", "end": "00:11:07", "text": "I don't think people realize when LTCM"}, {"start": "00:11:05", "end": "00:11:10", "text": "went out, the Fed didn't bail them out."}, {"start": "00:11:07", "end": "00:11:12", "text": "They gathered 14 banks, hedge funds,"}, {"start": "00:11:10", "end": "00:11:15", "text": "whatever that contributed, I think it"}, {"start": "00:11:12", "end": "00:11:16", "text": "was slightly less than $4 billion to"}, {"start": "00:11:15", "end": "00:11:18", "text": "take their stuff out. Now, I was part of"}, {"start": "00:11:16", "end": "00:11:21", "text": "the LTS tom closed down. When I went"}, {"start": "00:11:18", "end": "00:11:23", "text": "back to New York after Brazil, so I was"}, {"start": "00:11:21", "end": "00:11:25", "text": "on one side of LT Sam, I saw the other."}, {"start": "00:11:23", "end": "00:11:27", "text": "I I don't want to pick on the hedge fund"}, {"start": "00:11:25", "end": "00:11:30", "text": "industry. What I want to pick is that"}, {"start": "00:11:27", "end": "00:11:32", "text": "illlquid assets have been impacted. VC's"}, {"start": "00:11:30", "end": "00:11:33", "text": "been impacted. Private credit's been"}, {"start": "00:11:32", "end": "00:11:37", "text": "impacted. Private equity's been"}, {"start": "00:11:33", "end": "00:11:39", "text": "impacted. Bonds have been impacted."}, {"start": "00:11:37", "end": "00:11:41", "text": "Real estate's been impacted. Meaning"}, {"start": "00:11:39", "end": "00:11:42", "text": "remote work AI is going to bring digital"}, {"start": "00:11:41", "end": "00:11:45", "text": "agents. What are we going to do with all"}, {"start": "00:11:42", "end": "00:11:46", "text": "these seats? I just think that when you"}, {"start": "00:11:45", "end": "00:11:49", "text": "look at the returns you're getting"}, {"start": "00:11:46", "end": "00:11:51", "text": "relative to where interest rates are,"}, {"start": "00:11:49", "end": "00:11:53", "text": "you bogey is getting higher and higher"}, {"start": "00:11:51", "end": "00:11:56", "text": "and AI is pushing rates higher at the"}, {"start": "00:11:53", "end": "00:11:58", "text": "same time. So AI is crowding out all"}, {"start": "00:11:56", "end": "00:12:00", "text": "inefficient businesses, but it's also"}, {"start": "00:11:58", "end": "00:12:03", "text": "going to crowd out hedge funds who use"}, {"start": "00:12:00", "end": "00:12:05", "text": "leverage that depends on the volatility"}, {"start": "00:12:03", "end": "00:12:07", "text": "correlation of the market and the"}, {"start": "00:12:05", "end": "00:12:09", "text": "crowded nature of the positions. And I"}, {"start": "00:12:07", "end": "00:12:10", "text": "just think the industry is too big on a"}, {"start": "00:12:09", "end": "00:12:13", "text": "levered basis relative to the liquidity"}, {"start": "00:12:10", "end": "00:12:15", "text": "that exists. This will merge with"}, {"start": "00:12:13", "end": "00:12:17", "text": "tokenization because the final piece of"}, {"start": "00:12:15", "end": "00:12:19", "text": "this and I was at Morgan Stanley this"}, {"start": "00:12:17", "end": "00:12:21", "text": "week and and at the very end we talked"}, {"start": "00:12:19", "end": "00:12:23", "text": "about tokenization."}, {"start": "00:12:21", "end": "00:12:24", "text": "If you're a hedge fund listening to this"}, {"start": "00:12:23", "end": "00:12:27", "text": "and you haven't thought about the way"}, {"start": "00:12:24", "end": "00:12:29", "text": "tokenization will change your life,"}, {"start": "00:12:27", "end": "00:12:32", "text": "forget your business, your life."}, {"start": "00:12:29", "end": "00:12:35", "text": "Riskmanaging 24/7,"}, {"start": "00:12:32", "end": "00:12:37", "text": "365, it's it's an unthinkable process to"}, {"start": "00:12:35", "end": "00:12:40", "text": "me, but that's where we're headed to."}, {"start": "00:12:37", "end": "00:12:42", "text": "The capital that will be immediately"}, {"start": "00:12:40", "end": "00:12:44", "text": "changing. It has huge implications for"}, {"start": "00:12:42", "end": "00:12:45", "text": "the volatility in the market has huge"}, {"start": "00:12:44", "end": "00:12:47", "text": "implications for the way you hedge your"}, {"start": "00:12:45", "end": "00:12:50", "text": "book and the and the the the ability for"}, {"start": "00:12:47", "end": "00:12:51", "text": "prime brokers to provide leverage. Now"}, {"start": "00:12:50", "end": "00:12:53", "text": "that may not be this year's business,"}, {"start": "00:12:51", "end": "00:12:56", "text": "but just like with AI, these things are"}, {"start": "00:12:53", "end": "00:12:58", "text": "moving so fast that over time your bogey"}, {"start": "00:12:56", "end": "00:12:59", "text": "becomes, hey, where's the cost of"}, {"start": "00:12:58", "end": "00:13:01", "text": "capital? That's why when you and I talk"}, {"start": "00:12:59", "end": "00:13:03", "text": "about for me personally,"}, {"start": "00:13:01", "end": "00:13:05", "text": "my cost of capital is related to"}, {"start": "00:13:03", "end": "00:13:07", "text": "Bitcoin. It's not related to this cuz"}, {"start": "00:13:05", "end": "00:13:09", "text": "that's the way I see this ending. And so"}, {"start": "00:13:07", "end": "00:13:11", "text": "for AI, if you really go through when"}, {"start": "00:13:09", "end": "00:13:16", "text": "the hedge fund industry entered this"}, {"start": "00:13:11", "end": "00:13:20", "text": "abyss, it started in June. And since"}, {"start": "00:13:16", "end": "00:13:23", "text": "June, let's say a exactly four months"}, {"start": "00:13:20", "end": "00:13:25", "text": "ago, go look at what Bitcoin has done."}, {"start": "00:13:23", "end": "00:13:26", "text": "It's up close to 30%. Go look what"}, {"start": "00:13:25", "end": "00:13:30", "text": "Ethereum has done. It's up more than"}, {"start": "00:13:26", "end": "00:13:33", "text": "30%. The S&P flat. NASDAQ flat. Hedge"}, {"start": "00:13:30", "end": "00:13:35", "text": "funds, I mean, I just told you a lot of"}, {"start": "00:13:33", "end": "00:13:37", "text": "these funds are down 40 plus% and"}, {"start": "00:13:35", "end": "00:13:39", "text": "nothing has happened. This should be"}, {"start": "00:13:37", "end": "00:13:41", "text": "scaring people because the only way this"}, {"start": "00:13:39", "end": "00:13:42", "text": "ends is if this isn't the case. So,"}, {"start": "00:13:41", "end": "00:13:45", "text": "every time we get another one of these"}, {"start": "00:13:42", "end": "00:13:48", "text": "little episodes like this week, the"}, {"start": "00:13:45", "end": "00:13:51", "text": "coreweave thing is ridiculous. They have"}, {"start": "00:13:48", "end": "00:13:53", "text": "cash flow coming from big companies."}, {"start": "00:13:51", "end": "00:13:55", "text": "This is not the same situation as"}, {"start": "00:13:53", "end": "00:13:57", "text": "telecom. Are they good equity"}, {"start": "00:13:55", "end": "00:13:59", "text": "investments? I don't know. Are they good"}, {"start": "00:13:57", "end": "00:14:02", "text": "bond investments? I don't know. But I"}, {"start": "00:13:59", "end": "00:14:04", "text": "know this. We won't know for sure"}, {"start": "00:14:02", "end": "00:14:07", "text": "whether they're going to be in trouble,"}, {"start": "00:14:04", "end": "00:14:08", "text": "according to Gartner, until 2028, 2029,"}, {"start": "00:14:07", "end": "00:14:11", "text": "2030. That's not going to drive the"}, {"start": "00:14:08", "end": "00:14:13", "text": "market from there. Tokenization you"}, {"start": "00:14:11", "end": "00:14:15", "text": "think brings both liquidity and"}, {"start": "00:14:13", "end": "00:14:17", "text": "transparency and you're arguing that"}, {"start": "00:14:15", "end": "00:14:18", "text": "tokenization could be the death of the"}, {"start": "00:14:17", "end": "00:14:21", "text": "hedge funds."}, {"start": "00:14:18", "end": "00:14:22", "text": ">> I think as time goes on it will put so"}, {"start": "00:14:21", "end": "00:14:25", "text": "much pressure on the way hedge funds and"}, {"start": "00:14:22", "end": "00:14:27", "text": "again there are the mega hedge funds"}, {"start": "00:14:25", "end": "00:14:29", "text": "which will sustain the longest over time"}, {"start": "00:14:27", "end": "00:14:31", "text": "and for no other reason they've just met"}, {"start": "00:14:29", "end": "00:14:34", "text": "most of them gone to like 5year lockups"}, {"start": "00:14:31", "end": "00:14:36", "text": "so they've locked capital in."}, {"start": "00:14:34", "end": "00:14:39", "text": "I think this tokenization and this"}, {"start": "00:14:36", "end": "00:14:41", "text": "concept of of bringing in locked up"}, {"start": "00:14:39", "end": "00:14:44", "text": "capital. So let's go back to private"}, {"start": "00:14:41", "end": "00:14:45", "text": "credit. If you go into private credit"}, {"start": "00:14:44", "end": "00:14:47", "text": "and you look where the BDC's are"}, {"start": "00:14:45", "end": "00:14:49", "text": "trading, so real time marks on this and"}, {"start": "00:14:47", "end": "00:14:52", "text": "let's assume right now the BDC's are"}, {"start": "00:14:49", "end": "00:14:54", "text": "trading at 20% below where retail"}, {"start": "00:14:52", "end": "00:14:56", "text": "investors who got into private credit."}, {"start": "00:14:54", "end": "00:14:58", "text": "So they're basically over the course of"}, {"start": "00:14:56", "end": "00:15:01", "text": "let's say the next four years, let's"}, {"start": "00:14:58", "end": "00:15:05", "text": "just use all this, they end up losing"}, {"start": "00:15:01", "end": "00:15:07", "text": "20% on their investments. Okay, it's not"}, {"start": "00:15:05", "end": "00:15:09", "text": "going to kill them."}, {"start": "00:15:07", "end": "00:15:11", "text": "It hurts in the fact that if they would"}, {"start": "00:15:09", "end": "00:15:16", "text": "have had that capital and been able to"}, {"start": "00:15:11", "end": "00:15:18", "text": "sell out at 20% below here and then put"}, {"start": "00:15:16", "end": "00:15:20", "text": "the money back in the market, well,"}, {"start": "00:15:18", "end": "00:15:23", "text": "that's double the impact. It's the"}, {"start": "00:15:20", "end": "00:15:24", "text": "trapped nature. When tokenization comes"}, {"start": "00:15:23", "end": "00:15:25", "text": "and people are like, \"Okay, where can I"}, {"start": "00:15:24", "end": "00:15:28", "text": "get out of this?\" Well, someone is"}, {"start": "00:15:25", "end": "00:15:30", "text": "willing to buy into private credit at"}, {"start": "00:15:28", "end": "00:15:32", "text": "some level. So, you have trapped capital"}, {"start": "00:15:30", "end": "00:15:33", "text": "that doesn't want to be there anymore."}, {"start": "00:15:32", "end": "00:15:35", "text": "This is the same thing for endowments,"}, {"start": "00:15:33", "end": "00:15:37", "text": "same thing for a lot of as tokenization"}, {"start": "00:15:35", "end": "00:15:39", "text": "comes, it will free up the ability for"}, {"start": "00:15:37", "end": "00:15:40", "text": "there to be a price on things. And once"}, {"start": "00:15:39", "end": "00:15:42", "text": "there's a clearing price on things, then"}, {"start": "00:15:40", "end": "00:15:46", "text": "capital will go to where it should be."}, {"start": "00:15:42", "end": "00:15:49", "text": "What it will also do is what would I"}, {"start": "00:15:46", "end": "00:15:52", "text": "rather own? Coreweave debt at 75 cents"}, {"start": "00:15:49", "end": "00:15:54", "text": "on the dollar or the private credit"}, {"start": "00:15:52", "end": "00:15:56", "text": "garbage that I own from the 2122"}, {"start": "00:15:54", "end": "00:15:58", "text": "vintages that I'm sitting in. I'd rather"}, {"start": "00:15:56", "end": "00:16:00", "text": "own coreweave right now for the next"}, {"start": "00:15:58", "end": "00:16:02", "text": "whatever years than this. So that"}, {"start": "00:16:00", "end": "00:16:04", "text": "capital would come in and core would go"}, {"start": "00:16:02", "end": "00:16:07", "text": "back up. Remember when stretch Michael"}, {"start": "00:16:04", "end": "00:16:10", "text": "Sailor's product traded down to 75?"}, {"start": "00:16:07", "end": "00:16:13", "text": "I heard the same the exact same people"}, {"start": "00:16:10", "end": "00:16:15", "text": "sending out expost on coreweave. The"}, {"start": "00:16:13", "end": "00:16:18", "text": "stretch things went all the way back up"}, {"start": "00:16:15", "end": "00:16:19", "text": "to par. So these arguments of people"}, {"start": "00:16:18", "end": "00:16:22", "text": "looking at short-term things and saying"}, {"start": "00:16:19", "end": "00:16:24", "text": "this is the end of it. This is the these"}, {"start": "00:16:22", "end": "00:16:25", "text": "are mainly hedge fund people or people"}, {"start": "00:16:24", "end": "00:16:29", "text": "that made most of their money on"}, {"start": "00:16:25", "end": "00:16:30", "text": "leverage. There are two ways like"}, {"start": "00:16:29", "end": "00:16:32", "text": "general ways that hedge funds end up"}, {"start": "00:16:30", "end": "00:16:34", "text": "making money. So Dr. Miller never talks"}, {"start": "00:16:32", "end": "00:16:36", "text": "about like leverage and I'm not sure"}, {"start": "00:16:34", "end": "00:16:38", "text": "what he's ever used in leverage. He"}, {"start": "00:16:36", "end": "00:16:39", "text": "talks about putting a position on being"}, {"start": "00:16:38", "end": "00:16:42", "text": "concentrated and that's the risk he's"}, {"start": "00:16:39", "end": "00:16:44", "text": "taking is concentration risk on a"}, {"start": "00:16:42", "end": "00:16:46", "text": "diversified hedge fund that's using"}, {"start": "00:16:44", "end": "00:16:48", "text": "leverage like an LTCM that's levered 30"}, {"start": "00:16:46", "end": "00:16:50", "text": "to1. They're betting on correlations and"}, {"start": "00:16:48", "end": "00:16:52", "text": "volatility staying in some kind of way"}, {"start": "00:16:50", "end": "00:16:53", "text": "that they don't have margin calls come"}, {"start": "00:16:52", "end": "00:16:54", "text": "in because of the amount of leverage."}, {"start": "00:16:53", "end": "00:16:57", "text": "Well, that's the way most of the"}, {"start": "00:16:54", "end": "00:17:00", "text": "multistrats are set up. And so if we end"}, {"start": "00:16:57", "end": "00:17:03", "text": "up in a scenario biotech blew up in"}, {"start": "00:17:00", "end": "00:17:04", "text": "September, so everyone who runs a long"}, {"start": "00:17:03", "end": "00:17:06", "text": "short portfolio in biotech, and I say"}, {"start": "00:17:04", "end": "00:17:07", "text": "everyone, I don't like absolute"}, {"start": "00:17:06", "end": "00:17:10", "text": "statements. A lot of funds from what"}, {"start": "00:17:07", "end": "00:17:13", "text": "I've heard, uh, pods in particular, had"}, {"start": "00:17:10", "end": "00:17:15", "text": "trouble. Converts, converts are part of"}, {"start": "00:17:13", "end": "00:17:17", "text": "coreweave. They're also part of micro"}, {"start": "00:17:15", "end": "00:17:19", "text": "strategy. When you get these little"}, {"start": "00:17:17", "end": "00:17:20", "text": "things happening where people are"}, {"start": "00:17:19", "end": "00:17:22", "text": "running some kind of leverage where it's"}, {"start": "00:17:20", "end": "00:17:24", "text": "like, I'm long this convert, I'm short"}, {"start": "00:17:22", "end": "00:17:26", "text": "this convert. They're depending on these"}, {"start": "00:17:24", "end": "00:17:28", "text": "things not to widen out like LTCM. Well,"}, {"start": "00:17:26", "end": "00:17:30", "text": "this has been another widening out. So,"}, {"start": "00:17:28", "end": "00:17:31", "text": "I think for people that are trading and"}, {"start": "00:17:30", "end": "00:17:33", "text": "like I'm trying to give my subscribers"}, {"start": "00:17:31", "end": "00:17:36", "text": "thing of like if you need to make money"}, {"start": "00:17:33", "end": "00:17:38", "text": "on a position over the next month,"}, {"start": "00:17:36", "end": "00:17:41", "text": "you're in you're in trouble. Like take"}, {"start": "00:17:38", "end": "00:17:43", "text": "advantage of the time that you have. So"}, {"start": "00:17:41", "end": "00:17:46", "text": "maybe the most shocking thing to me in a"}, {"start": "00:17:43", "end": "00:17:48", "text": "positive way, all of the weakness in the"}, {"start": "00:17:46", "end": "00:17:51", "text": "stock market, all the weakness in uh the"}, {"start": "00:17:48", "end": "00:17:55", "text": "NEO clouds and you know the AI trade,"}, {"start": "00:17:51", "end": "00:17:56", "text": "Bitcoin has held in really strong. It's"}, {"start": "00:17:55", "end": "00:18:00", "text": "been trading pretty much between 82 and"}, {"start": "00:17:56", "end": "00:18:03", "text": "$85,000 and it almost feels like it's"}, {"start": "00:18:00", "end": "00:18:04", "text": "defying the market momentum where"}, {"start": "00:18:03", "end": "00:18:06", "text": "everything else was trading down and"}, {"start": "00:18:04", "end": "00:18:08", "text": "Bitcoin holds in. What do you read into"}, {"start": "00:18:06", "end": "00:18:11", "text": "that?"}, {"start": "00:18:08", "end": "00:18:13", "text": "So what I read in is"}, {"start": "00:18:11", "end": "00:18:15", "text": "as it gets harder and harder to own"}, {"start": "00:18:13", "end": "00:18:18", "text": "other things"}, {"start": "00:18:15", "end": "00:18:20", "text": "whether it's"}, {"start": "00:18:18", "end": "00:18:23", "text": "computer decided whatever it is human"}, {"start": "00:18:20", "end": "00:18:25", "text": "beings and computers look for good sharp"}, {"start": "00:18:23", "end": "00:18:28", "text": "ratios. Bitcoin sharp ratio right now"}, {"start": "00:18:25", "end": "00:18:31", "text": "over the last four months stands out and"}, {"start": "00:18:28", "end": "00:18:32", "text": "it stands out as the rest of the world"}, {"start": "00:18:31", "end": "00:18:35", "text": "is kind of going through this chaos. And"}, {"start": "00:18:32", "end": "00:18:38", "text": "and I do want to say this is not just"}, {"start": "00:18:35", "end": "00:18:40", "text": "the AI trade. Like I said, the NASDAQ's"}, {"start": "00:18:38", "end": "00:18:42", "text": "unchanged over four months. The S&P is"}, {"start": "00:18:40", "end": "00:18:44", "text": "unchanged over four months. The bond"}, {"start": "00:18:42", "end": "00:18:46", "text": "market is down. It's getting very hard"}, {"start": "00:18:44", "end": "00:18:50", "text": "to find investments just using a"}, {"start": "00:18:46", "end": "00:18:52", "text": "trailing period that do well. I believe"}, {"start": "00:18:50", "end": "00:18:55", "text": "it's because the size of the space is"}, {"start": "00:18:52", "end": "00:18:57", "text": "too small. Tokenization's a reality. Um"}, {"start": "00:18:55", "end": "00:18:59", "text": "like I said, I created my crypto"}, {"start": "00:18:57", "end": "00:19:01", "text": "ecosystem. You know, we talk about"}, {"start": "00:18:59", "end": "00:19:04", "text": "Bitcoin. I also can say that I watch"}, {"start": "00:19:01", "end": "00:19:06", "text": "Near every single day as kind of one of"}, {"start": "00:19:04", "end": "00:19:08", "text": "these AI agentic where I think it should"}, {"start": "00:19:06", "end": "00:19:10", "text": "do well. Ethereum the same thing. It's"}, {"start": "00:19:08", "end": "00:19:12", "text": "not just Bitcoin that's that's hung in"}, {"start": "00:19:10", "end": "00:19:15", "text": "there. It is the most quality parts of"}, {"start": "00:19:12", "end": "00:19:17", "text": "crypto. And I still believe that this is"}, {"start": "00:19:15", "end": "00:19:19", "text": "a reality of something for next year. Um"}, {"start": "00:19:17", "end": "00:19:22", "text": "if you ask me when the AI trade because"}, {"start": "00:19:19", "end": "00:19:25", "text": "if the AI trade is an inevitability,"}, {"start": "00:19:22", "end": "00:19:26", "text": "the time for it to rally"}, {"start": "00:19:25", "end": "00:19:28", "text": "is when people have just taken off the"}, {"start": "00:19:26", "end": "00:19:31", "text": "risk. And when do we learn this? First,"}, {"start": "00:19:28", "end": "00:19:34", "text": "with situational awareness. Right now,"}, {"start": "00:19:31", "end": "00:19:36", "text": "someone sent me something saying the AI"}, {"start": "00:19:34", "end": "00:19:38", "text": "long short trade on the Morgan Stanley"}, {"start": "00:19:36", "end": "00:19:40", "text": "Prime brokerage list is now in the"}, {"start": "00:19:38", "end": "00:19:43", "text": "seventh percentile of the last year."}, {"start": "00:19:40", "end": "00:19:45", "text": "Seven. So, the risk has been completely"}, {"start": "00:19:43", "end": "00:19:47", "text": "taken off. Now, it's in the seventh"}, {"start": "00:19:45", "end": "00:19:50", "text": "percentile. It could still be high, but"}, {"start": "00:19:47", "end": "00:19:52", "text": "that is relative to the last year. For"}, {"start": "00:19:50", "end": "00:19:54", "text": "me, that means that people have bailed"}, {"start": "00:19:52", "end": "00:19:56", "text": "out. There are two three trigger points"}, {"start": "00:19:54", "end": "00:19:58", "text": "that I'm looking in terms of timing for"}, {"start": "00:19:56", "end": "00:20:01", "text": "the next wave. And this year, if you"}, {"start": "00:19:58", "end": "00:20:03", "text": "look at the S&P 500,"}, {"start": "00:20:01", "end": "00:20:04", "text": "it was very frustrating start to the"}, {"start": "00:20:03", "end": "00:20:06", "text": "year. First two and a half months and"}, {"start": "00:20:04", "end": "00:20:09", "text": "then all of a sudden we had a big fall"}, {"start": "00:20:06", "end": "00:20:11", "text": "9%. And then out of nowhere with the"}, {"start": "00:20:09", "end": "00:20:13", "text": "expectations that oil was going to 200,"}, {"start": "00:20:11", "end": "00:20:16", "text": "the S&P started to rally purely from"}, {"start": "00:20:13", "end": "00:20:18", "text": "short covering and things like that. So"}, {"start": "00:20:16", "end": "00:20:20", "text": "there was really only a window of about"}, {"start": "00:20:18", "end": "00:20:22", "text": "3 months this year where the S&P"}, {"start": "00:20:20", "end": "00:20:25", "text": "rallied. And during half of that time"}, {"start": "00:20:22", "end": "00:20:29", "text": "was the fear over"}, {"start": "00:20:25", "end": "00:20:31", "text": "oil. Now what drove the S&P higher? It"}, {"start": "00:20:29", "end": "00:20:32", "text": "was all the AI trade. So it was only a"}, {"start": "00:20:31", "end": "00:20:35", "text": "three-month window. And aside from that,"}, {"start": "00:20:32", "end": "00:20:37", "text": "that takes you from March to June."}, {"start": "00:20:35", "end": "00:20:40", "text": "There's been no rally in the S&P the"}, {"start": "00:20:37", "end": "00:20:43", "text": "entire year. So your windows of making"}, {"start": "00:20:40", "end": "00:20:45", "text": "alpha have gotten smaller and smaller."}, {"start": "00:20:43", "end": "00:20:47", "text": "And this is the way Nvidia's traded for"}, {"start": "00:20:45", "end": "00:20:50", "text": "the last 3 years. There's like they they"}, {"start": "00:20:47", "end": "00:20:52", "text": "make money on an alpha basis. It's like"}, {"start": "00:20:50", "end": "00:20:54", "text": "20% of the time. I think the entire"}, {"start": "00:20:52", "end": "00:20:56", "text": "market's going to be like that. So for"}, {"start": "00:20:54", "end": "00:21:00", "text": "people that are watching Bitcoin on a"}, {"start": "00:20:56", "end": "00:21:02", "text": "relative basis, it is starting to do"}, {"start": "00:21:00", "end": "00:21:04", "text": "what I thought it should do. And when we"}, {"start": "00:21:02", "end": "00:21:06", "text": "get into the end of the year, I still"}, {"start": "00:21:04", "end": "00:21:09", "text": "will say the biggest positive for me is"}, {"start": "00:21:06", "end": "00:21:11", "text": "that the amount of really smart people"}, {"start": "00:21:09", "end": "00:21:13", "text": "are starting to call up every day going,"}, {"start": "00:21:11", "end": "00:21:15", "text": "\"Will you talk to me about tokenization?"}, {"start": "00:21:13", "end": "00:21:18", "text": "Will you like there?\" If I write enough"}, {"start": "00:21:15", "end": "00:21:20", "text": "thoughtful pieces on how it affects M2"}, {"start": "00:21:18", "end": "00:21:22", "text": "and how it affects hedge funds, more"}, {"start": "00:21:20", "end": "00:21:26", "text": "people want to hear because they're"}, {"start": "00:21:22", "end": "00:21:27", "text": "interested in what if he's right. You"}, {"start": "00:21:26", "end": "00:21:31", "text": "know what the hedge is? If I'm right,"}, {"start": "00:21:27", "end": "00:21:32", "text": "it's to go buy Bitcoin. So if you"}, {"start": "00:21:31", "end": "00:21:34", "text": "believe that you're going to get"}, {"start": "00:21:32", "end": "00:21:36", "text": "disrupted by AI,"}, {"start": "00:21:34", "end": "00:21:37", "text": "then you start asking if I'm getting"}, {"start": "00:21:36", "end": "00:21:39", "text": "disrupted, who isn't going to get"}, {"start": "00:21:37", "end": "00:21:41", "text": "disrupted? It's really hard to come up"}, {"start": "00:21:39", "end": "00:21:43", "text": "with any company, which is why I focus"}, {"start": "00:21:41", "end": "00:21:44", "text": "my attention on the agentic compute"}, {"start": "00:21:43", "end": "00:21:47", "text": "side. I have total confidence over the"}, {"start": "00:21:44", "end": "00:21:50", "text": "next three years that as a basket of"}, {"start": "00:21:47", "end": "00:21:52", "text": "semiconductors of the optical companies"}, {"start": "00:21:50", "end": "00:21:53", "text": "of the transporta you know the"}, {"start": "00:21:52", "end": "00:21:56", "text": "industrial companies that make the data"}, {"start": "00:21:53", "end": "00:21:57", "text": "centers that over the next 3 years with"}, {"start": "00:21:56", "end": "00:21:59", "text": "humanoids coming and everything else"}, {"start": "00:21:57", "end": "00:22:01", "text": "that earnings will come to those"}, {"start": "00:21:59", "end": "00:22:02", "text": "companies and I have faith that relative"}, {"start": "00:22:01", "end": "00:22:04", "text": "to homebuilders and autos they're going"}, {"start": "00:22:02", "end": "00:22:06", "text": "to outperform which means those"}, {"start": "00:22:04", "end": "00:22:07", "text": "companies will go up. I just think if"}, {"start": "00:22:06", "end": "00:22:09", "text": "you're betting for it to happen at any"}, {"start": "00:22:07", "end": "00:22:11", "text": "month, you're gonna have a really hard"}, {"start": "00:22:09", "end": "00:22:12", "text": "time because hedge funds, I think, are"}, {"start": "00:22:11", "end": "00:22:14", "text": "playing the same game and they're"}, {"start": "00:22:12", "end": "00:22:16", "text": "crowded into the exact same trades."}, {"start": "00:22:14", "end": "00:22:18", "text": "Today's episode is brought to you by"}, {"start": "00:22:16", "end": "00:22:20", "text": "Figure. If you're into Bitcoin, you"}, {"start": "00:22:18", "end": "00:22:22", "text": "already know selling's the last thing"}, {"start": "00:22:20", "end": "00:22:25", "text": "you want to do. But at the same time,"}, {"start": "00:22:22", "end": "00:22:27", "text": "life happens, man. Opportunities arise,"}, {"start": "00:22:25", "end": "00:22:29", "text": "bills come up, and markets move. That's"}, {"start": "00:22:27", "end": "00:22:30", "text": "where Figure comes in. Instead of"}, {"start": "00:22:29", "end": "00:22:32", "text": "selling your Bitcoin, Figure let you"}, {"start": "00:22:30", "end": "00:22:34", "text": "borrow against it so you can get cash"}, {"start": "00:22:32", "end": "00:22:37", "text": "without losing your position and may"}, {"start": "00:22:34", "end": "00:22:39", "text": "also avoid triggering a tax event. Right"}, {"start": "00:22:37", "end": "00:22:43", "text": "now, their loans are around 8.91%"}, {"start": "00:22:39", "end": "00:22:45", "text": "interest. That's 9.9% APR at a 50% loan"}, {"start": "00:22:43", "end": "00:22:47", "text": "to value. So, you keep your upside but"}, {"start": "00:22:45", "end": "00:22:50", "text": "still get liquidity. And I know the"}, {"start": "00:22:47", "end": "00:22:52", "text": "first question people ask is, \"Yeah, but"}, {"start": "00:22:50", "end": "00:22:55", "text": "is it safe?\" It's a good question."}, {"start": "00:22:52", "end": "00:22:57", "text": "Figure uses MPC custody, which basically"}, {"start": "00:22:55", "end": "00:22:59", "text": "means your Bitcoin stays in its own"}, {"start": "00:22:57", "end": "00:23:00", "text": "segregated wallet. It's not being lent"}, {"start": "00:22:59", "end": "00:23:02", "text": "out, pulled, or sitting on some"}, {"start": "00:23:00", "end": "00:23:04", "text": "exchange. They also have optional"}, {"start": "00:23:02", "end": "00:23:06", "text": "liquidation protection, which helps if"}, {"start": "00:23:04", "end": "00:23:08", "text": "the market gets volatile. And if you're"}, {"start": "00:23:06", "end": "00:23:10", "text": "on the other side, like you've got cash"}, {"start": "00:23:08", "end": "00:23:11", "text": "and you want yield, they've got"}, {"start": "00:23:10", "end": "00:23:15", "text": "something called Democratized Prime."}, {"start": "00:23:11", "end": "00:23:17", "text": "It's earning up to 9% APY, paid hourly,"}, {"start": "00:23:15", "end": "00:23:20", "text": "and is backed by real world assets, not"}, {"start": "00:23:17", "end": "00:23:21", "text": "just token inflation. So whether you're"}, {"start": "00:23:20", "end": "00:23:23", "text": "trying to hold your Bitcoin long-term or"}, {"start": "00:23:21", "end": "00:23:25", "text": "actually put capital to work, it's a"}, {"start": "00:23:23", "end": "00:23:27", "text": "pretty interesting setup. If you want to"}, {"start": "00:23:25", "end": "00:23:29", "text": "check it out, I've got a link in the"}, {"start": "00:23:27", "end": "00:23:32", "text": "description that you can go to or you"}, {"start": "00:23:29", "end": "00:23:32", "text": "can go to figurearkets.co/p."}, {"start": "00:23:33", "end": "00:23:37", "text": "When you play sports, when you play a"}, {"start": "00:23:34", "end": "00:23:38", "text": "board game, there's always at certain"}, {"start": "00:23:37", "end": "00:23:40", "text": "times you want to play offense, other"}, {"start": "00:23:38", "end": "00:23:42", "text": "times you want to play defense. And"}, {"start": "00:23:40", "end": "00:23:43", "text": "actually understanding when to flip back"}, {"start": "00:23:42", "end": "00:23:44", "text": "and forth between those is pretty"}, {"start": "00:23:43", "end": "00:23:45", "text": "important. Mhm."}, {"start": "00:23:44", "end": "00:23:47", "text": ">> What I love about having conversations"}, {"start": "00:23:45", "end": "00:23:48", "text": "with you every week is you come from a"}, {"start": "00:23:47", "end": "00:23:50", "text": "very different world than I come from,"}, {"start": "00:23:48", "end": "00:23:52", "text": "but we both have arrived at the same"}, {"start": "00:23:50", "end": "00:23:55", "text": "thing. And for years, I've always"}, {"start": "00:23:52", "end": "00:23:58", "text": "thought about these complex financial"}, {"start": "00:23:55", "end": "00:24:00", "text": "trends or developments are very hard to"}, {"start": "00:23:58", "end": "00:24:03", "text": "communicate. The phrase that I keep"}, {"start": "00:24:00", "end": "00:24:06", "text": "using is AI is offense, Bitcoin is"}, {"start": "00:24:03", "end": "00:24:08", "text": "defense. And it feels like if you go"}, {"start": "00:24:06", "end": "00:24:11", "text": "back to that board game analogy, you"}, {"start": "00:24:08", "end": "00:24:14", "text": "want to use AI to go disrupt the market,"}, {"start": "00:24:11", "end": "00:24:16", "text": "disrupt a competitor, disrupt something."}, {"start": "00:24:14", "end": "00:24:18", "text": "And so that offensive move of using this"}, {"start": "00:24:16", "end": "00:24:20", "text": "technology,"}, {"start": "00:24:18", "end": "00:24:21", "text": "immense amount of opportunity to do"}, {"start": "00:24:20", "end": "00:24:23", "text": "that."}, {"start": "00:24:21", "end": "00:24:26", "text": ">> At the same time, if you play 100%"}, {"start": "00:24:23", "end": "00:24:27", "text": "offense, you expose yourself almost like"}, {"start": "00:24:26", "end": "00:24:29", "text": "boxing, right? If you don't cover your"}, {"start": "00:24:27", "end": "00:24:32", "text": "chin, you can get knocked out."}, {"start": "00:24:29", "end": "00:24:34", "text": ">> And so Bitcoin then becomes defense. And"}, {"start": "00:24:32", "end": "00:24:36", "text": "it feels like if you can use AI"}, {"start": "00:24:34", "end": "00:24:38", "text": "offensively to go and get revenue, get"}, {"start": "00:24:36", "end": "00:24:39", "text": "profit, you bring that back, now you"}, {"start": "00:24:38", "end": "00:24:40", "text": "have to somehow protect it from being"}, {"start": "00:24:39", "end": "00:24:43", "text": "disrupted and that's where you store it"}, {"start": "00:24:40", "end": "00:24:45", "text": "in Bitcoin. Is that kind of a good"}, {"start": "00:24:43", "end": "00:24:47", "text": "summary uh summary of your worldview as"}, {"start": "00:24:45", "end": "00:24:49", "text": "to how this comes together?"}, {"start": "00:24:47", "end": "00:24:51", "text": ">> So, let me use a real life example. Um,"}, {"start": "00:24:49", "end": "00:24:54", "text": "and I do want to give"}, {"start": "00:24:51", "end": "00:24:59", "text": ">> sylvia.com"}, {"start": "00:24:54", "end": "00:25:01", "text": "plug early early in the podcast. Uh"}, {"start": "00:24:59", "end": "00:25:04", "text": "um Peter, where did Peter where did"}, {"start": "00:25:01", "end": "00:25:05", "text": "Peter Teal just move to?"}, {"start": "00:25:04", "end": "00:25:06", "text": ">> Well, I know the truth, but go ahead."}, {"start": "00:25:05", "end": "00:25:08", "text": "You can go with the uh"}, {"start": "00:25:06", "end": "00:25:09", "text": ">> what did he tell people? He was What did"}, {"start": "00:25:08", "end": "00:25:12", "text": "he tell people? Or what's the news"}, {"start": "00:25:09", "end": "00:25:14", "text": "reporting that he moved to Argentina?"}, {"start": "00:25:12", "end": "00:25:15", "text": ">> Yeah, he's in Argentina. Uh you guys"}, {"start": "00:25:14", "end": "00:25:15", "text": "Google his address."}, {"start": "00:25:15", "end": "00:25:18", "text": ">> Okay."}, {"start": "00:25:15", "end": "00:25:20", "text": ">> Um let's just use the reported news"}, {"start": "00:25:18", "end": "00:25:22", "text": "story and the reasons why."}, {"start": "00:25:20", "end": "00:25:24", "text": ">> Okay."}, {"start": "00:25:22", "end": "00:25:26", "text": ">> Um"}, {"start": "00:25:24", "end": "00:25:29", "text": "AI is going to take down the world."}, {"start": "00:25:26", "end": "00:25:32", "text": "Humanity is going to be destroyed. Okay."}, {"start": "00:25:29", "end": "00:25:33", "text": "Um, did he move there for economic"}, {"start": "00:25:32", "end": "00:25:35", "text": "opportunities? Assuming he moved there."}, {"start": "00:25:33", "end": "00:25:35", "text": "Do you move to Argentina for economic"}, {"start": "00:25:35", "end": "00:25:37", "text": "opportunities?"}, {"start": "00:25:35", "end": "00:25:37", "text": ">> Malay is doing a great job, but I don't"}, {"start": "00:25:37", "end": "00:25:39", "text": "think so."}, {"start": "00:25:37", "end": "00:25:43", "text": ">> Do you move there for safety? Do you"}, {"start": "00:25:39", "end": "00:25:46", "text": "move there for um"}, {"start": "00:25:43", "end": "00:25:48", "text": "I lived in Brazil. One of the reasons"}, {"start": "00:25:46", "end": "00:25:51", "text": "that people moved to Brazil"}, {"start": "00:25:48", "end": "00:25:54", "text": "shortly after World War II"}, {"start": "00:25:51", "end": "00:25:56", "text": "is because of the fear of nuclear war"}, {"start": "00:25:54", "end": "00:25:57", "text": "and everything happening and where they"}, {"start": "00:25:56", "end": "00:26:00", "text": "would be the safest and where to hide"}, {"start": "00:25:57", "end": "00:26:01", "text": "and where to go through it. So, I do"}, {"start": "00:26:00", "end": "00:26:03", "text": "believe and I've always believed this."}, {"start": "00:26:01", "end": "00:26:05", "text": "This is where the debasement crowd gets"}, {"start": "00:26:03", "end": "00:26:06", "text": "mad at me on one side. Um, the"}, {"start": "00:26:05", "end": "00:26:10", "text": "programmable side gets mad at me on the"}, {"start": "00:26:06", "end": "00:26:12", "text": "other. I believe in a deflationary world"}, {"start": "00:26:10", "end": "00:26:14", "text": "accelerating right now. So instead of"}, {"start": "00:26:12", "end": "00:26:17", "text": "disruption, I believe in deflation is"}, {"start": "00:26:14", "end": "00:26:19", "text": "just going to tear apart everything."}, {"start": "00:26:17", "end": "00:26:22", "text": "Literally everything. Leverage the whole"}, {"start": "00:26:19", "end": "00:26:25", "text": "thing. You don't need the leverage. You"}, {"start": "00:26:22", "end": "00:26:26", "text": "don't need the returns that are able"}, {"start": "00:26:25", "end": "00:26:29", "text": "that you're able to get from these"}, {"start": "00:26:26", "end": "00:26:32", "text": "things in a world where AI is coming to"}, {"start": "00:26:29", "end": "00:26:34", "text": "just be deflationary. So Bitcoin to me"}, {"start": "00:26:32", "end": "00:26:36", "text": "is more about where agents make"}, {"start": "00:26:34", "end": "00:26:37", "text": "decisions going, hey, I don't want to"}, {"start": "00:26:36", "end": "00:26:40", "text": "take risk today. where do I move my"}, {"start": "00:26:37", "end": "00:26:43", "text": "money for a store of value that is"}, {"start": "00:26:40", "end": "00:26:45", "text": "creating good returns and it's safe and"}, {"start": "00:26:43", "end": "00:26:48", "text": "or safer than everything else type"}, {"start": "00:26:45", "end": "00:26:50", "text": "thing. So I do believe that's happening."}, {"start": "00:26:48", "end": "00:26:52", "text": "I want to make sure I answer one thing"}, {"start": "00:26:50", "end": "00:26:54", "text": "that you said before that fits into"}, {"start": "00:26:52", "end": "00:26:57", "text": "this. So when will Bitcoin have its next"}, {"start": "00:26:54", "end": "00:26:59", "text": "rally? Well, I do believe that comes to"}, {"start": "00:26:57", "end": "00:27:02", "text": "when the AI trade starts to have let's"}, {"start": "00:26:59", "end": "00:27:04", "text": "say its next bounce."}, {"start": "00:27:02", "end": "00:27:06", "text": "either right during or after the"}, {"start": "00:27:04", "end": "00:27:07", "text": "hyperscalers report because it'll"}, {"start": "00:27:06", "end": "00:27:09", "text": "coincide with two things. It's happening"}, {"start": "00:27:07", "end": "00:27:12", "text": "at the end of the month. So people start"}, {"start": "00:27:09", "end": "00:27:14", "text": "realizing when did situal aware"}, {"start": "00:27:12", "end": "00:27:16", "text": "awareness happen? When did the last"}, {"start": "00:27:14", "end": "00:27:18", "text": "bottom happen in AI? It was at the end"}, {"start": "00:27:16", "end": "00:27:19", "text": "of the month. The end of months are"}, {"start": "00:27:18", "end": "00:27:23", "text": "really important when hedge funds are in"}, {"start": "00:27:19", "end": "00:27:25", "text": "distress because they play short stacked"}, {"start": "00:27:23", "end": "00:27:27", "text": "until there's a new month. And if people"}, {"start": "00:27:25", "end": "00:27:29", "text": "don't realize this, as someone who was"}, {"start": "00:27:27", "end": "00:27:33", "text": "in the hedge fund industry for a long"}, {"start": "00:27:29", "end": "00:27:35", "text": "time, the stress on people in December"}, {"start": "00:27:33", "end": "00:27:35", "text": "versus January,"}, {"start": "00:27:35", "end": "00:27:37", "text": ">> different ball game,"}, {"start": "00:27:35", "end": "00:27:39", "text": ">> different ball, it's Oh. Oh my gosh."}, {"start": "00:27:37", "end": "00:27:41", "text": "When you're in December and you've got a"}, {"start": "00:27:39", "end": "00:27:42", "text": "big stack of chips and you're like, I"}, {"start": "00:27:41", "end": "00:27:45", "text": "don't want to take any risks this last"}, {"start": "00:27:42", "end": "00:27:46", "text": "month. So the end of this month is a big"}, {"start": "00:27:45", "end": "00:27:48", "text": "one."}, {"start": "00:27:46", "end": "00:27:50", "text": ">> You have the midterms. So right around"}, {"start": "00:27:48", "end": "00:27:52", "text": "there also kind of coincides. So if I"}, {"start": "00:27:50", "end": "00:27:54", "text": "had to guess, I'm going to take two"}, {"start": "00:27:52", "end": "00:27:55", "text": "times where the the next AI"}, {"start": "00:27:54", "end": "00:27:57", "text": ">> second week of November."}, {"start": "00:27:55", "end": "00:27:59", "text": ">> No, no, no. I would say right it usually"}, {"start": "00:27:57", "end": "00:28:01", "text": "happens before the event. So this would"}, {"start": "00:27:59", "end": "00:28:02", "text": "happen when the hyperscalers report and"}, {"start": "00:28:01", "end": "00:28:05", "text": "I do think there's an opportunity for"}, {"start": "00:28:02", "end": "00:28:08", "text": "the hyperscalers to because the stocks"}, {"start": "00:28:05", "end": "00:28:10", "text": "are trading so well. This ROIC thing to"}, {"start": "00:28:08", "end": "00:28:12", "text": "me is so stupid. The anthropic and open"}, {"start": "00:28:10", "end": "00:28:13", "text": "AI things last two weeks are just so"}, {"start": "00:28:12", "end": "00:28:15", "text": "stupid. Everyone please go listen to"}, {"start": "00:28:13", "end": "00:28:18", "text": "Jensen Yuan with Brad Gersonner on the"}, {"start": "00:28:15", "end": "00:28:20", "text": "BG2 podcast. I will be covering it for"}, {"start": "00:28:18", "end": "00:28:23", "text": "at least five or six slides in this"}, {"start": "00:28:20", "end": "00:28:25", "text": "weekend's video. Just go listen to a guy"}, {"start": "00:28:23", "end": "00:28:27", "text": "who actually knows what's going on and"}, {"start": "00:28:25", "end": "00:28:28", "text": "how simple he makes the whole thing"}, {"start": "00:28:27", "end": "00:28:31", "text": "about where the revenues are going to"}, {"start": "00:28:28", "end": "00:28:33", "text": "come from. They're not all about OpenAI"}, {"start": "00:28:31", "end": "00:28:35", "text": "and Anthropic."}, {"start": "00:28:33", "end": "00:28:38", "text": "The second time would be December and it"}, {"start": "00:28:35", "end": "00:28:41", "text": "would happen in the month of December"}, {"start": "00:28:38", "end": "00:28:43", "text": "because that is the time when a lot of"}, {"start": "00:28:41", "end": "00:28:45", "text": "people just say I'm done with the year"}, {"start": "00:28:43", "end": "00:28:46", "text": "and it gets away from them going into"}, {"start": "00:28:45", "end": "00:28:49", "text": "next year. Those are the kind of"}, {"start": "00:28:46", "end": "00:28:50", "text": "channels where if I only think the AI"}, {"start": "00:28:49", "end": "00:28:52", "text": "trade is going to work like three months"}, {"start": "00:28:50", "end": "00:28:55", "text": "of the year, which is what I think"}, {"start": "00:28:52", "end": "00:28:57", "text": "maximum. It could happen three months in"}, {"start": "00:28:55", "end": "00:29:00", "text": "a row or it could like the S&P did this"}, {"start": "00:28:57", "end": "00:29:03", "text": "year or it could happen one month it"}, {"start": "00:29:00", "end": "00:29:04", "text": "goes up dramatically then nowhere then"}, {"start": "00:29:03", "end": "00:29:06", "text": "another month. That has been the nature"}, {"start": "00:29:04", "end": "00:29:08", "text": "of the game. And so I do believe that"}, {"start": "00:29:06", "end": "00:29:10", "text": "those are the two times for the rest of"}, {"start": "00:29:08", "end": "00:29:13", "text": "the year. So go for Bitcoin."}, {"start": "00:29:10", "end": "00:29:16", "text": "I expect it to have its next move up to"}, {"start": "00:29:13", "end": "00:29:19", "text": "the highs. But I'm going to say again"}, {"start": "00:29:16", "end": "00:29:20", "text": "that my belief is that next year because"}, {"start": "00:29:19", "end": "00:29:23", "text": "of all of the things that are happening"}, {"start": "00:29:20", "end": "00:29:25", "text": "on tokenization between now and the end"}, {"start": "00:29:23", "end": "00:29:27", "text": "of the year, real stuff is happening,"}, {"start": "00:29:25", "end": "00:29:29", "text": "more and more people are paying"}, {"start": "00:29:27", "end": "00:29:30", "text": "attention to crypto. And the more people"}, {"start": "00:29:29", "end": "00:29:32", "text": "that pay attention to it, the more"}, {"start": "00:29:30", "end": "00:29:34", "text": "people that get involved in it, the more"}, {"start": "00:29:32", "end": "00:29:36", "text": "the reality becomes that there's money"}, {"start": "00:29:34", "end": "00:29:38", "text": "flowing into the space. And if money"}, {"start": "00:29:36", "end": "00:29:41", "text": "flows into the space, Bitcoin is going"}, {"start": "00:29:38", "end": "00:29:43", "text": "to do well as well. Now, when we sit"}, {"start": "00:29:41", "end": "00:29:45", "text": "down for this, we try our hardest not to"}, {"start": "00:29:43", "end": "00:29:47", "text": "talk all week. Uh, we do a good job of"}, {"start": "00:29:45", "end": "00:29:50", "text": "that. Yeah. Although, uh, it's sad. We"}, {"start": "00:29:47", "end": "00:29:51", "text": "We try not to. Um, we make a little"}, {"start": "00:29:50", "end": "00:29:54", "text": "list. Here's all the topics we want to"}, {"start": "00:29:51", "end": "00:29:57", "text": "talk about. This week's list does not"}, {"start": "00:29:54", "end": "00:30:01", "text": "have the CPI"}, {"start": "00:29:57", "end": "00:30:04", "text": "report on it. CPI came in quote unquote"}, {"start": "00:30:01", "end": "00:30:07", "text": "hot. Everyone was freaking out. You nor"}, {"start": "00:30:04", "end": "00:30:08", "text": "I seem to care nor think it's a big"}, {"start": "00:30:07", "end": "00:30:11", "text": "deal."}, {"start": "00:30:08", "end": "00:30:13", "text": "you're talking about deflation and it"}, {"start": "00:30:11", "end": "00:30:16", "text": "struck me as I was reviewing the list"}, {"start": "00:30:13", "end": "00:30:18", "text": "three minutes before I came in here uh"}, {"start": "00:30:16", "end": "00:30:20", "text": "that neither one of us were planning to"}, {"start": "00:30:18", "end": "00:30:21", "text": "talk about CPI even though most people"}, {"start": "00:30:20", "end": "00:30:22", "text": "in the traditional world would think"}, {"start": "00:30:21", "end": "00:30:23", "text": "that is the biggest story of the week."}, {"start": "00:30:22", "end": "00:30:26", "text": ">> Y"}, {"start": "00:30:23", "end": "00:30:30", "text": ">> why do you not care?"}, {"start": "00:30:26", "end": "00:30:33", "text": ">> So right now um core CPI is whatever"}, {"start": "00:30:30", "end": "00:30:33", "text": "2.6%."}, {"start": "00:30:33", "end": "00:30:40", "text": "Whether it's 2.6% or 3.2% or 2.2% 2%"}, {"start": "00:30:38", "end": "00:30:43", "text": "it's not going to help you make money."}, {"start": "00:30:40", "end": "00:30:45", "text": "It doesn't matter. So if I come in here"}, {"start": "00:30:43", "end": "00:30:47", "text": "and say that interest rates where the"}, {"start": "00:30:45", "end": "00:30:49", "text": "level is is not going to be the thing"}, {"start": "00:30:47", "end": "00:30:51", "text": "that makes you money,"}, {"start": "00:30:49", "end": "00:30:53", "text": "it's just the reality of the situation."}, {"start": "00:30:51", "end": "00:30:55", "text": "I've actually become numb to all of"}, {"start": "00:30:53", "end": "00:30:58", "text": "these things because they're so"}, {"start": "00:30:55", "end": "00:31:00", "text": "inconsequential to the reality of the AI"}, {"start": "00:30:58", "end": "00:31:03", "text": "trade. And that's the thing I just want"}, {"start": "00:31:00", "end": "00:31:05", "text": "people to understand. If only 20% it's"}, {"start": "00:31:03", "end": "00:31:08", "text": "really 24%"}, {"start": "00:31:05", "end": "00:31:11", "text": "of the stocks in the S&P 1500 have"}, {"start": "00:31:08", "end": "00:31:13", "text": "created alpha since Chachi PT a time"}, {"start": "00:31:11", "end": "00:31:16", "text": "when inflation was actually up at close"}, {"start": "00:31:13", "end": "00:31:19", "text": "to double digits. This has become"}, {"start": "00:31:16", "end": "00:31:22", "text": "insanity and I think the Fed makes it"}, {"start": "00:31:19", "end": "00:31:24", "text": "insane. I think history makes it insane."}, {"start": "00:31:22", "end": "00:31:29", "text": "It really does not matter whether"}, {"start": "00:31:24", "end": "00:31:31", "text": "inflation is 2.3% or 3.2%. The only time"}, {"start": "00:31:29", "end": "00:31:34", "text": "in history of markets that something"}, {"start": "00:31:31", "end": "00:31:37", "text": "really bad happens"}, {"start": "00:31:34", "end": "00:31:39", "text": "is when we lose lots of jobs and the"}, {"start": "00:31:37", "end": "00:31:43", "text": "country goes into a recession because"}, {"start": "00:31:39", "end": "00:31:46", "text": "credit starts to unwind. That is not"}, {"start": "00:31:43", "end": "00:31:49", "text": "going to happen. So I have complete"}, {"start": "00:31:46", "end": "00:31:52", "text": "certainty that that will not happen. Can"}, {"start": "00:31:49", "end": "00:31:55", "text": "the stock market be down 10% over a year"}, {"start": "00:31:52", "end": "00:31:58", "text": "because the CPI surprises and goes up to"}, {"start": "00:31:55", "end": "00:32:00", "text": "3.5%. Yes, it can. Is that the end of"}, {"start": "00:31:58", "end": "00:32:02", "text": "the world? No. I'm going to highlight"}, {"start": "00:32:00", "end": "00:32:04", "text": "this weekend that from today, if you"}, {"start": "00:32:02", "end": "00:32:07", "text": "look back over the last 10 years, the"}, {"start": "00:32:04", "end": "00:32:09", "text": "S&P has given you about 17% a year. If"}, {"start": "00:32:07", "end": "00:32:10", "text": "you look back over the last 20 years,"}, {"start": "00:32:09", "end": "00:32:12", "text": "it's greater than 10%. Last 30 years,"}, {"start": "00:32:10", "end": "00:32:14", "text": "greater than 10%. Last 40 years, last 50"}, {"start": "00:32:12", "end": "00:32:16", "text": "years, last 60 years, last 70 years,"}, {"start": "00:32:14", "end": "00:32:18", "text": "last 80 years, last 90 years, greater"}, {"start": "00:32:16", "end": "00:32:21", "text": "than 10%. Do you know how the majority"}, {"start": "00:32:18", "end": "00:32:23", "text": "of people get wealthy?"}, {"start": "00:32:21", "end": "00:32:27", "text": "Through compounding of money in"}, {"start": "00:32:23", "end": "00:32:30", "text": "investments. the S&P 500 that is 10, 20,"}, {"start": "00:32:27", "end": "00:32:32", "text": "30, 40, 50, 60, 70, 80, 90 double digits"}, {"start": "00:32:30", "end": "00:32:35", "text": "in total return for the entire time"}, {"start": "00:32:32", "end": "00:32:37", "text": "period. Why are you sitting here worried"}, {"start": "00:32:35", "end": "00:32:40", "text": "about people telling you that a bubble"}, {"start": "00:32:37", "end": "00:32:42", "text": "is going to unwind? Why? Now, if you're"}, {"start": "00:32:40", "end": "00:32:45", "text": "90, I get it. If you've got money in the"}, {"start": "00:32:42", "end": "00:32:46", "text": "market and you're 90, you may not live"}, {"start": "00:32:45", "end": "00:32:48", "text": "long enough to get the benefits of"}, {"start": "00:32:46", "end": "00:32:50", "text": "staying in the market. If the market"}, {"start": "00:32:48", "end": "00:32:52", "text": "goes down, as I told my kids, I'm like,"}, {"start": "00:32:50", "end": "00:32:53", "text": "that's where you stop spending money and"}, {"start": "00:32:52", "end": "00:32:55", "text": "you put more money into the compounding"}, {"start": "00:32:53", "end": "00:32:58", "text": "machine. You buckle down and you go,"}, {"start": "00:32:55", "end": "00:32:59", "text": "\"Okay, I have a job.\" Everyone has a job"}, {"start": "00:32:58", "end": "00:33:01", "text": "in this country who wants a job."}, {"start": "00:32:59", "end": "00:33:03", "text": "Everyone. You may not have the job you"}, {"start": "00:33:01", "end": "00:33:05", "text": "want, but you have a job. That's why the"}, {"start": "00:33:03", "end": "00:33:07", "text": "jobless claims are at all-time low. And"}, {"start": "00:33:05", "end": "00:33:08", "text": "when I say all-time low, so people know"}, {"start": "00:33:07", "end": "00:33:11", "text": "that number that comes out every"}, {"start": "00:33:08", "end": "00:33:13", "text": "Thursday, the weekly jobless claims,"}, {"start": "00:33:11", "end": "00:33:16", "text": "that is not adjusted for population."}, {"start": "00:33:13", "end": "00:33:18", "text": "So, it being at 200,000 and sitting at"}, {"start": "00:33:16", "end": "00:33:22", "text": "200,000, that is the amount of people"}, {"start": "00:33:18", "end": "00:33:23", "text": "that have had to go claim insurance for"}, {"start": "00:33:22", "end": "00:33:26", "text": "being unemployed,"}, {"start": "00:33:23", "end": "00:33:28", "text": "that is the lowest number basically in"}, {"start": "00:33:26", "end": "00:33:31", "text": "history. And if you adjust it for the"}, {"start": "00:33:28", "end": "00:33:33", "text": "population, it's lower than it was when"}, {"start": "00:33:31", "end": "00:33:35", "text": "the population was half as much. It's"}, {"start": "00:33:33", "end": "00:33:37", "text": "lower than all of these other times. So,"}, {"start": "00:33:35", "end": "00:33:39", "text": "there's no job loss. And my grandmother"}, {"start": "00:33:37", "end": "00:33:42", "text": "taught me very well, like unless people"}, {"start": "00:33:39", "end": "00:33:44", "text": "are losing their jobs, they're still"}, {"start": "00:33:42", "end": "00:33:45", "text": "spending. and they might be spending"}, {"start": "00:33:44", "end": "00:33:46", "text": "more than they have and they're taking"}, {"start": "00:33:45", "end": "00:33:48", "text": "out credit cards. But when the real"}, {"start": "00:33:46", "end": "00:33:51", "text": "problems come up, it's when people start"}, {"start": "00:33:48", "end": "00:33:53", "text": "paying stop paying their debt because"}, {"start": "00:33:51", "end": "00:33:55", "text": "they're out of work. And if they're out"}, {"start": "00:33:53", "end": "00:33:57", "text": "of work, we start having housing"}, {"start": "00:33:55", "end": "00:33:58", "text": "bubbles. We start having the telecom"}, {"start": "00:33:57", "end": "00:34:00", "text": "companies because the telecom companies"}, {"start": "00:33:58", "end": "00:34:02", "text": "built stuff. They didn't have any"}, {"start": "00:34:00", "end": "00:34:04", "text": "revenues coming in the door."}, {"start": "00:34:02", "end": "00:34:06", "text": "I know the revenues are coming into"}, {"start": "00:34:04", "end": "00:34:08", "text": "companies like Coreweave. I know the"}, {"start": "00:34:06", "end": "00:34:11", "text": "revenues are coming in because Anthropic"}, {"start": "00:34:08", "end": "00:34:13", "text": "is the fastest growing company in the"}, {"start": "00:34:11", "end": "00:34:15", "text": "history of the world. And what do people"}, {"start": "00:34:13", "end": "00:34:18", "text": "talk about? I think it may have slowed"}, {"start": "00:34:15", "end": "00:34:19", "text": "down for a month. I mean, are you"}, {"start": "00:34:18", "end": "00:34:20", "text": "worried"}, {"start": "00:34:19", "end": "00:34:22", "text": ">> about what?"}, {"start": "00:34:20", "end": "00:34:24", "text": ">> Oh, I This is exactly what I told"}, {"start": "00:34:22", "end": "00:34:26", "text": "everyone was going to happen. Today's"}, {"start": "00:34:24", "end": "00:34:27", "text": "episode is brought to you by"}, {"start": "00:34:26", "end": "00:34:29", "text": "investorhealth.com."}, {"start": "00:34:27", "end": "00:34:31", "text": "You've built the portfolio. You've made"}, {"start": "00:34:29", "end": "00:34:34", "text": "the long-term bets. You still have to be"}, {"start": "00:34:31", "end": "00:34:35", "text": "around though to compound. Your body is"}, {"start": "00:34:34", "end": "00:34:37", "text": "the balance sheet. And most people never"}, {"start": "00:34:35", "end": "00:34:40", "text": "invest it in a way that they invest in"}, {"start": "00:34:37", "end": "00:34:41", "text": "everything else. Investor Health is a"}, {"start": "00:34:40", "end": "00:34:43", "text": "product."}, {"start": "00:34:41", "end": "00:34:46", "text": "Investor Health is a company that we've"}, {"start": "00:34:43", "end": "00:34:48", "text": "built that is a clinician prescribed"}, {"start": "00:34:46", "end": "00:34:53", "text": "protocol for weight, metabolism, energy,"}, {"start": "00:34:48", "end": "00:34:55", "text": "and longevity. GLP-1s, NAD+, B12, all"}, {"start": "00:34:53", "end": "00:34:57", "text": "reviewed and prescribed by board"}, {"start": "00:34:55", "end": "00:35:00", "text": "certified clinicians, not picked off a"}, {"start": "00:34:57", "end": "00:35:02", "text": "menu. The process is a short online"}, {"start": "00:35:00", "end": "00:35:04", "text": "intake form, a clinician review, then"}, {"start": "00:35:02", "end": "00:35:06", "text": "medication compounded and shipped"}, {"start": "00:35:04", "end": "00:35:09", "text": "straight to your door. Most patients are"}, {"start": "00:35:06", "end": "00:35:11", "text": "approved and shipped within 48 to 72"}, {"start": "00:35:09", "end": "00:35:14", "text": "hours. No office visits, no referrals,"}, {"start": "00:35:11", "end": "00:35:17", "text": "and no waiting rooms. Ongoing check-ins"}, {"start": "00:35:14", "end": "00:35:19", "text": "at 30, 60, and 90 days, and a 247"}, {"start": "00:35:17", "end": "00:35:22", "text": "clinician support line. Health coaching"}, {"start": "00:35:19", "end": "00:35:26", "text": "is included as well. Plans start at $149"}, {"start": "00:35:22", "end": "00:35:28", "text": "a month. There are HSA and FSA eligible,"}, {"start": "00:35:26", "end": "00:35:30", "text": "and it's available in all 50 states,"}, {"start": "00:35:28", "end": "00:35:32", "text": "plus Washington DC. There's no"}, {"start": "00:35:30", "end": "00:35:34", "text": "contracts, and you can cancel anytime."}, {"start": "00:35:32", "end": "00:35:37", "text": "Go to investorhealth.com"}, {"start": "00:35:34", "end": "00:35:40", "text": "and complete your intake form today."}, {"start": "00:35:37", "end": "00:35:42", "text": "Investorhealth.com. Go long on life."}, {"start": "00:35:40", "end": "00:35:44", "text": "Investoralth is a telealth platform, not"}, {"start": "00:35:42", "end": "00:35:46", "text": "a medical provider. Medical services are"}, {"start": "00:35:44", "end": "00:35:48", "text": "provided by affiliated licensed"}, {"start": "00:35:46", "end": "00:35:51", "text": "clinicians. Compounded medications are"}, {"start": "00:35:48", "end": "00:35:53", "text": "not FDA approved. Individual results may"}, {"start": "00:35:51", "end": "00:35:55", "text": "vary and treatment requires evaluation"}, {"start": "00:35:53", "end": "00:35:57", "text": "by a licensed provider. Terms and"}, {"start": "00:35:55", "end": "00:36:00", "text": "conditions apply. See"}, {"start": "00:35:57", "end": "00:36:00", "text": "investorhealth.com."}, {"start": "00:36:00", "end": "00:36:02", "text": "Anthropic's growth rate is going to"}, {"start": "00:36:01", "end": "00:36:05", "text": "continue to decelerate and we can"}, {"start": "00:36:02", "end": "00:36:08", "text": "disagree on it because uh people are"}, {"start": "00:36:05", "end": "00:36:11", "text": "realizing that there is they they have"}, {"start": "00:36:08", "end": "00:36:12", "text": "the worst position in business possible."}, {"start": "00:36:11", "end": "00:36:13", "text": "Ready?"}, {"start": "00:36:12", "end": "00:36:16", "text": ">> Okay."}, {"start": "00:36:13", "end": "00:36:19", "text": ">> They have increasing competition from"}, {"start": "00:36:16", "end": "00:36:20", "text": "wellunded good entrepreneurial uh"}, {"start": "00:36:19", "end": "00:36:21", "text": "competitors."}, {"start": "00:36:20", "end": "00:36:25", "text": ">> Disagree. Go ahead."}, {"start": "00:36:21", "end": "00:36:26", "text": ">> Hold on. So it used to be open AI and"}, {"start": "00:36:25", "end": "00:36:29", "text": "anthropic."}, {"start": "00:36:26", "end": "00:36:33", "text": "Now it is open eye, Anthropic, Grock,"}, {"start": "00:36:29", "end": "00:36:34", "text": "Gemini, Muse, etc. Everyone is now"}, {"start": "00:36:33", "end": "00:36:36", "text": "getting in the game. And then"}, {"start": "00:36:34", "end": "00:36:39", "text": ">> agree, keep going."}, {"start": "00:36:36", "end": "00:36:40", "text": ">> And then that is just the major labs."}, {"start": "00:36:39", "end": "00:36:42", "text": "But then you have all of these companies"}, {"start": "00:36:40", "end": "00:36:44", "text": "that are starting to come out and say,"}, {"start": "00:36:42", "end": "00:36:46", "text": "\"Wait a second here.\" Coinbase comes out"}, {"start": "00:36:44", "end": "00:36:47", "text": "and says, \"Hey, we're using open source"}, {"start": "00:36:46", "end": "00:36:48", "text": "models and we're training our own stuff."}, {"start": "00:36:47", "end": "00:36:50", "text": "We don't need those guys anymore. We can"}, {"start": "00:36:48", "end": "00:36:51", "text": "do it better ourselves.\" We come out, we"}, {"start": "00:36:50", "end": "00:36:54", "text": "say that. Harvey comes out and says it."}, {"start": "00:36:51", "end": "00:36:55", "text": "And so you have pressure from basically"}, {"start": "00:36:54", "end": "00:36:57", "text": "people saying, \"Hey, I'm going to"}, {"start": "00:36:55", "end": "00:37:00", "text": "fine-tune open source.\" If you look at"}, {"start": "00:36:57", "end": "00:37:01", "text": "open router, you see massive"}, {"start": "00:37:00", "end": "00:37:04", "text": "acceleration in all the open source"}, {"start": "00:37:01", "end": "00:37:07", "text": "stuff. And so a company like Anthropic,"}, {"start": "00:37:04", "end": "00:37:10", "text": "which used to benefit from an oligopoly,"}, {"start": "00:37:07", "end": "00:37:12", "text": "that oligopoly doesn't exist anymore. It"}, {"start": "00:37:10", "end": "00:37:14", "text": "is now becoming decentralized and people"}, {"start": "00:37:12", "end": "00:37:14", "text": "having lots of options."}, {"start": "00:37:14", "end": "00:37:17", "text": ">> Disagree."}, {"start": "00:37:14", "end": "00:37:19", "text": ">> And okay. And"}, {"start": "00:37:17", "end": "00:37:21", "text": "what ends up occurring at the same time"}, {"start": "00:37:19", "end": "00:37:23", "text": "that you're getting competition death by"}, {"start": "00:37:21", "end": "00:37:24", "text": "thousand cuts from open source uh owning"}, {"start": "00:37:23", "end": "00:37:27", "text": "your own intelligence and the other"}, {"start": "00:37:24", "end": "00:37:29", "text": "models is token costs are falling off a"}, {"start": "00:37:27", "end": "00:37:33", "text": "cliff because there's massive pressure"}, {"start": "00:37:29", "end": "00:37:35", "text": "there as well. So when you see grock uh"}, {"start": "00:37:33", "end": "00:37:38", "text": "openai etc. So what you basically do is"}, {"start": "00:37:35", "end": "00:37:41", "text": "the equation that I use is number of"}, {"start": "00:37:38", "end": "00:37:44", "text": "tokens processed times price per token"}, {"start": "00:37:41", "end": "00:37:45", "text": "equals revenue. The number of tokens"}, {"start": "00:37:44", "end": "00:37:47", "text": "processed on a percentage basis going"}, {"start": "00:37:45", "end": "00:37:51", "text": "through anthropic on a per customer"}, {"start": "00:37:47", "end": "00:37:54", "text": "basis, my guess is is falling."}, {"start": "00:37:51", "end": "00:37:57", "text": "Ramps AI index shows this. The rise of"}, {"start": "00:37:54", "end": "00:37:58", "text": "open source shows this. The increase of"}, {"start": "00:37:57", "end": "00:38:00", "text": "competition from major labs shows this."}, {"start": "00:37:58", "end": "00:38:02", "text": "Then your price per token is falling as"}, {"start": "00:38:00", "end": "00:38:04", "text": "well. So they will continue to grow. I'm"}, {"start": "00:38:02", "end": "00:38:06", "text": "not here to say that they are going to"}, {"start": "00:38:04", "end": "00:38:08", "text": "stop growing, but the growth rate is"}, {"start": "00:38:06", "end": "00:38:10", "text": "going to go from, oh my god, this is the"}, {"start": "00:38:08", "end": "00:38:13", "text": "greatest thing ever to it will go from"}, {"start": "00:38:10", "end": "00:38:15", "text": "asymmetric to it slowly become more and"}, {"start": "00:38:13", "end": "00:38:17", "text": "more linear because not anything that"}, {"start": "00:38:15", "end": "00:38:19", "text": "they're doing. I actually think they're"}, {"start": "00:38:17", "end": "00:38:21", "text": "continuing to innovate. It's just the"}, {"start": "00:38:19", "end": "00:38:24", "text": "market pressures end up being good for"}, {"start": "00:38:21", "end": "00:38:25", "text": "us as consumers, but like that's a very"}, {"start": "00:38:24", "end": "00:38:27", "text": "different business. And we saw that"}, {"start": "00:38:25", "end": "00:38:29", "text": "their valuation people thought they were"}, {"start": "00:38:27", "end": "00:38:30", "text": "going to come out at two trillion. Now"}, {"start": "00:38:29", "end": "00:38:33", "text": "it looks like one one and a half"}, {"start": "00:38:30", "end": "00:38:36", "text": "trillion. It's a 25% decrease in"}, {"start": "00:38:33", "end": "00:38:40", "text": "potential valuation, $500 billion that"}, {"start": "00:38:36", "end": "00:38:40", "text": "they've lost in six weeks, eight weeks."}, {"start": "00:38:40", "end": "00:38:42", "text": ">> So,"}, {"start": "00:38:40", "end": "00:38:43", "text": ">> you disagree. Go ahead. Have the floor."}, {"start": "00:38:42", "end": "00:38:44", "text": "Professor,"}, {"start": "00:38:43", "end": "00:38:48", "text": ">> so Professor Jordan,"}, {"start": "00:38:44", "end": "00:38:50", "text": ">> we we've only had, I think,"}, {"start": "00:38:48", "end": "00:38:53", "text": "so let's separate when we have different"}, {"start": "00:38:50", "end": "00:38:55", "text": "views on things that are related to the"}, {"start": "00:38:53", "end": "00:38:57", "text": "next month or two or things like that"}, {"start": "00:38:55", "end": "00:38:59", "text": "and longer term views."}, {"start": "00:38:57", "end": "00:39:01", "text": "One of the ones that we disagreed on,"}, {"start": "00:38:59", "end": "00:39:03", "text": "which to me is the exact same situation,"}, {"start": "00:39:01", "end": "00:39:05", "text": "is when you thought the budget would be"}, {"start": "00:39:03", "end": "00:39:06", "text": "balanced. Okay."}, {"start": "00:39:05", "end": "00:39:08", "text": ">> Um,"}, {"start": "00:39:06", "end": "00:39:08", "text": ">> guy goes back to the one time that he"}, {"start": "00:39:08", "end": "00:39:10", "text": "got me."}, {"start": "00:39:08", "end": "00:39:12", "text": ">> No, no, no, no. Not the one time, but"}, {"start": "00:39:10", "end": "00:39:14", "text": "when you're when you're taking a"}, {"start": "00:39:12", "end": "00:39:16", "text": "long-term view of something, you're"}, {"start": "00:39:14", "end": "00:39:18", "text": "making a long-term statement based on"}, {"start": "00:39:16", "end": "00:39:21", "text": "one month trend of something. And where"}, {"start": "00:39:18", "end": "00:39:24", "text": "we agree is there is no way. So,"}, {"start": "00:39:21", "end": "00:39:26", "text": "Anthropic has 10 times at the end of"}, {"start": "00:39:24", "end": "00:39:28", "text": "this year, they will be around 10 times"}, {"start": "00:39:26", "end": "00:39:30", "text": "where they were a year ago on the ARR."}, {"start": "00:39:28", "end": "00:39:32", "text": "No question about it."}, {"start": "00:39:30", "end": "00:39:34", "text": ">> They're on that pace still. Even if they"}, {"start": "00:39:32", "end": "00:39:36", "text": "do what they did from Q2 to Q3, they"}, {"start": "00:39:34", "end": "00:39:37", "text": "will be close to 100 billion of ARR at"}, {"start": "00:39:36", "end": "00:39:38", "text": "the end of this year"}, {"start": "00:39:37", "end": "00:39:42", "text": ">> allegedly."}, {"start": "00:39:38", "end": "00:39:43", "text": ">> Okay. So, the beauty of that is they've"}, {"start": "00:39:42", "end": "00:39:45", "text": "10 times. If you ask me where I think"}, {"start": "00:39:43", "end": "00:39:47", "text": "they'll be next year, I don't know,"}, {"start": "00:39:45", "end": "00:39:49", "text": "three times, three and a half times. So"}, {"start": "00:39:47", "end": "00:39:51", "text": "we agree on the fact that it won't grow"}, {"start": "00:39:49", "end": "00:39:52", "text": "at the same pace that it has of course"}, {"start": "00:39:51", "end": "00:39:55", "text": "bigger company everything"}, {"start": "00:39:52", "end": "00:39:57", "text": ">> and and where I disagree and this is the"}, {"start": "00:39:55", "end": "00:39:59", "text": "most important thing. We haven't talked"}, {"start": "00:39:57", "end": "00:40:01", "text": "about this so I'm going to I'm going to"}, {"start": "00:39:59", "end": "00:40:04", "text": "I'm going to get to it in the end by"}, {"start": "00:40:01", "end": "00:40:06", "text": "comparing Sylvia to JP Morgan. Okay, in"}, {"start": "00:40:04", "end": "00:40:08", "text": "terms of what they're going to use."}, {"start": "00:40:06", "end": "00:40:09", "text": "Okay. You're you're saying everyone's"}, {"start": "00:40:08", "end": "00:40:12", "text": "going to I'm telling you, I've worked at"}, {"start": "00:40:09", "end": "00:40:15", "text": "a bank. When you're spending 16 billion"}, {"start": "00:40:12", "end": "00:40:18", "text": "a year or whatever they're spending now"}, {"start": "00:40:15", "end": "00:40:20", "text": "in their technology, you are not putting"}, {"start": "00:40:18", "end": "00:40:23", "text": "open source as your big thing. That is"}, {"start": "00:40:20", "end": "00:40:25", "text": "not happening. No, no, no, no. It's not"}, {"start": "00:40:23", "end": "00:40:26", "text": "even I this one I won't even like let"}, {"start": "00:40:25", "end": "00:40:29", "text": "you go too far."}, {"start": "00:40:26", "end": "00:40:32", "text": ">> If you're going to tell me exclusively."}, {"start": "00:40:29", "end": "00:40:33", "text": ">> No, no, no. Ju, just so and maybe back"}, {"start": "00:40:32", "end": "00:40:34", "text": "up for a second."}, {"start": "00:40:33", "end": "00:40:35", "text": ">> Forget all the competitions for a"}, {"start": "00:40:34", "end": "00:40:39", "text": "second. I can just tell you from my"}, {"start": "00:40:35", "end": "00:40:41", "text": "experience when we started with Sylvia"}, {"start": "00:40:39", "end": "00:40:42", "text": "using the uh models and I've gotten a"}, {"start": "00:40:41", "end": "00:40:43", "text": "lot of questions actually maybe it's"}, {"start": "00:40:42", "end": "00:40:46", "text": "help for me to understand it explain"}, {"start": "00:40:43", "end": "00:40:47", "text": "this we start out chatgbt wrapper so"}, {"start": "00:40:46", "end": "00:40:48", "text": "basically build a bunch of software you"}, {"start": "00:40:47", "end": "00:40:50", "text": "hook up your accounts when you hook up"}, {"start": "00:40:48", "end": "00:40:52", "text": "your accounts you can talk to AI and it"}, {"start": "00:40:50", "end": "00:40:54", "text": "feeds in the context window your query"}, {"start": "00:40:52", "end": "00:40:56", "text": "how to get my taxes down along with the"}, {"start": "00:40:54", "end": "00:40:58", "text": "context of your personal finances and it"}, {"start": "00:40:56", "end": "00:41:00", "text": "goes asset by asset and says okay this"}, {"start": "00:40:58", "end": "00:41:02", "text": "is a tax loss harvest here bonus"}, {"start": "00:41:00", "end": "00:41:03", "text": "depreciation here etc so it's better"}, {"start": "00:41:02", "end": "00:41:05", "text": "than Google it's better than just a"}, {"start": "00:41:03", "end": "00:41:06", "text": "regular LLM because you get the context"}, {"start": "00:41:05", "end": "00:41:09", "text": "plus that."}, {"start": "00:41:06", "end": "00:41:12", "text": ">> We went from zero to $550,000"}, {"start": "00:41:09", "end": "00:41:14", "text": "per month of compute cost in like 5"}, {"start": "00:41:12", "end": "00:41:16", "text": "months or something. Like it was"}, {"start": "00:41:14", "end": "00:41:18", "text": "explosive."}, {"start": "00:41:16", "end": "00:41:21", "text": ">> That was like an alarm going off saying,"}, {"start": "00:41:18", "end": "00:41:23", "text": "\"Oh my god, every time I tweet and tell"}, {"start": "00:41:21", "end": "00:41:25", "text": "people to go use Sylvia, money is coming"}, {"start": "00:41:23", "end": "00:41:26", "text": "out of my pocket because they're using"}, {"start": "00:41:25", "end": "00:41:28", "text": "more compute.\""}, {"start": "00:41:26", "end": "00:41:29", "text": ">> Now, the first thing we did was we"}, {"start": "00:41:28", "end": "00:41:31", "text": "didn't even touch the model stuff. It"}, {"start": "00:41:29", "end": "00:41:33", "text": "was just like architecturally. If you"}, {"start": "00:41:31", "end": "00:41:34", "text": "refresh a page and it hits the model,"}, {"start": "00:41:33", "end": "00:41:36", "text": "well, like when we refresh the page, we"}, {"start": "00:41:34", "end": "00:41:37", "text": "shouldn't hit the model, right? So,"}, {"start": "00:41:36", "end": "00:41:39", "text": "there's a bunch of like people were just"}, {"start": "00:41:37", "end": "00:41:41", "text": "trying to figure out how do you build"}, {"start": "00:41:39", "end": "00:41:43", "text": "tech uh architectural technology today"}, {"start": "00:41:41", "end": "00:41:45", "text": "with this whole model compute thing."}, {"start": "00:41:43", "end": "00:41:46", "text": "Once we got all this this low hanging"}, {"start": "00:41:45", "end": "00:41:49", "text": "fruit stuff, then we looked at the"}, {"start": "00:41:46", "end": "00:41:51", "text": "model. I was not convinced to switch"}, {"start": "00:41:49", "end": "00:41:54", "text": "from the frontier models to open source"}, {"start": "00:41:51", "end": "00:41:56", "text": "until I realized that it was going to be"}, {"start": "00:41:54", "end": "00:41:59", "text": "lower latency and better performance."}, {"start": "00:41:56", "end": "00:42:01", "text": ">> The cost is incredible. If we process"}, {"start": "00:41:59", "end": "00:42:03", "text": "500 million tokens on Anthropic versus"}, {"start": "00:42:01", "end": "00:42:06", "text": "our own hardware and software, we pay"}, {"start": "00:42:03", "end": "00:42:08", "text": "97% less. That alone should be a big"}, {"start": "00:42:06", "end": "00:42:10", "text": "incentive for people to go do it. But"}, {"start": "00:42:08", "end": "00:42:11", "text": "the thing that got me convinced was,"}, {"start": "00:42:10", "end": "00:42:12", "text": "wait a minute, you're telling me that"}, {"start": "00:42:11", "end": "00:42:13", "text": "the answers will be more accurate."}, {"start": "00:42:12", "end": "00:42:15", "text": "You're telling me that they'll be"}, {"start": "00:42:13", "end": "00:42:18", "text": "quicker. It'll be a better performing"}, {"start": "00:42:15", "end": "00:42:20", "text": "experience for the user. Oh, and by the"}, {"start": "00:42:18", "end": "00:42:20", "text": "way, it's 97% cheaper. Of course, we're"}, {"start": "00:42:20", "end": "00:42:23", "text": "going to go this way."}, {"start": "00:42:20", "end": "00:42:26", "text": ">> Mhm. So, what I think ends up being a"}, {"start": "00:42:23", "end": "00:42:27", "text": "huge headwind, which again people"}, {"start": "00:42:26", "end": "00:42:30", "text": "they're still trying to like kind of"}, {"start": "00:42:27", "end": "00:42:31", "text": "feel in the dark on this is I find it"}, {"start": "00:42:30", "end": "00:42:33", "text": "very hard to believe that JP Morgan is"}, {"start": "00:42:31", "end": "00:42:35", "text": "going to take all of their information"}, {"start": "00:42:33", "end": "00:42:37", "text": "and they are going to send it to"}, {"start": "00:42:35", "end": "00:42:39", "text": "Anthropic and they're going to say,"}, {"start": "00:42:37", "end": "00:42:40", "text": "\"Please don't look. Please don't use"}, {"start": "00:42:39", "end": "00:42:44", "text": "this for training. Please don't do any"}, {"start": "00:42:40", "end": "00:42:46", "text": "of this stuff.\" and instead they have"}, {"start": "00:42:44", "end": "00:42:48", "text": "the option to go and take open source"}, {"start": "00:42:46", "end": "00:42:51", "text": "software and then they can train it on"}, {"start": "00:42:48", "end": "00:42:54", "text": "their own internal data architecture"}, {"start": "00:42:51", "end": "00:42:55", "text": "etc."}, {"start": "00:42:54", "end": "00:42:57", "text": "There are still regulatory concerns,"}, {"start": "00:42:55", "end": "00:42:59", "text": "legal concerns, data privacy, security,"}, {"start": "00:42:57", "end": "00:43:01", "text": "like there's all this kind of stuff. But"}, {"start": "00:42:59", "end": "00:43:03", "text": "I actually think that this experience is"}, {"start": "00:43:01", "end": "00:43:06", "text": "more secure, more private, more"}, {"start": "00:43:03", "end": "00:43:08", "text": "regulatory friendly than we're going to"}, {"start": "00:43:06", "end": "00:43:10", "text": "use this open, you know, we're going to"}, {"start": "00:43:08", "end": "00:43:13", "text": "use the anthropic, open AI, etc. So to"}, {"start": "00:43:10", "end": "00:43:16", "text": "me, it's not just the cost. It is"}, {"start": "00:43:13", "end": "00:43:18", "text": "controlling. Think of it as sovereignty."}, {"start": "00:43:16", "end": "00:43:21", "text": "JP Morgan wants sovereignty over their"}, {"start": "00:43:18", "end": "00:43:23", "text": "AI. They do not want to be reliant on"}, {"start": "00:43:21", "end": "00:43:25", "text": "Daario."}, {"start": "00:43:23", "end": "00:43:28", "text": "Do you agree or disagree on that? Uh"}, {"start": "00:43:25", "end": "00:43:29", "text": ">> see the problem is your your your"}, {"start": "00:43:28", "end": "00:43:30", "text": "thought is coming from your experience"}, {"start": "00:43:29", "end": "00:43:31", "text": "at Sylvia."}, {"start": "00:43:30", "end": "00:43:32", "text": ">> Yes."}, {"start": "00:43:31", "end": "00:43:33", "text": ">> Okay."}, {"start": "00:43:32", "end": "00:43:35", "text": ">> Maybe I'm blind."}, {"start": "00:43:33", "end": "00:43:38", "text": ">> Well, here's the thing. You would die"}, {"start": "00:43:35", "end": "00:43:40", "text": "for the valuation of Sylvia to be equal"}, {"start": "00:43:38", "end": "00:43:42", "text": "to the tech budget of JP Morgan."}, {"start": "00:43:40", "end": "00:43:43", "text": ">> Of course. Okay."}, {"start": "00:43:42", "end": "00:43:44", "text": ">> JP Morgan"}, {"start": "00:43:43", "end": "00:43:47", "text": ">> a matter of time, Jordy."}, {"start": "00:43:44", "end": "00:43:49", "text": ">> Exactly. So, but this gets into the"}, {"start": "00:43:47", "end": "00:43:50", "text": "difference between the two economies."}, {"start": "00:43:49", "end": "00:43:53", "text": "And this is the part that I want to say."}, {"start": "00:43:50", "end": "00:43:55", "text": "JP Morgan doesn't have time to wait. You"}, {"start": "00:43:53", "end": "00:43:56", "text": "mentioned Open Router. Who just bought"}, {"start": "00:43:55", "end": "00:43:57", "text": "Open Router?"}, {"start": "00:43:56", "end": "00:44:00", "text": ">> Stripe."}, {"start": "00:43:57", "end": "00:44:03", "text": ">> What is Stripe's valuation? $200 billion"}, {"start": "00:44:00", "end": "00:44:04", "text": "about like 160 is the last one, but the"}, {"start": "00:44:03", "end": "00:44:06", "text": "people telling me who are thinking of"}, {"start": "00:44:04", "end": "00:44:09", "text": "investing is closer to 200. What's City"}, {"start": "00:44:06", "end": "00:44:11", "text": "Bank's market cap? 200 billion. How many"}, {"start": "00:44:09", "end": "00:44:13", "text": "people does Stripe have? 10,000. How"}, {"start": "00:44:11", "end": "00:44:15", "text": "many people does City Bank have?"}, {"start": "00:44:13", "end": "00:44:17", "text": "200,000."}, {"start": "00:44:15", "end": "00:44:19", "text": "So Stripe bought Open Router. Why?"}, {"start": "00:44:17", "end": "00:44:21", "text": "They're not a They're not a routing"}, {"start": "00:44:19", "end": "00:44:24", "text": "company."}, {"start": "00:44:21", "end": "00:44:26", "text": "JP Morgan's net interest income, did you"}, {"start": "00:44:24", "end": "00:44:27", "text": "see the number on their most recent"}, {"start": "00:44:26", "end": "00:44:28", "text": "earnings report?"}, {"start": "00:44:27", "end": "00:44:31", "text": ">> Tens of billions."}, {"start": "00:44:28", "end": "00:44:33", "text": ">> It was 107"}, {"start": "00:44:31", "end": "00:44:35", "text": "billion."}, {"start": "00:44:33", "end": "00:44:39", "text": "Okay, I want to put that number 107"}, {"start": "00:44:35", "end": "00:44:41", "text": "billion. So JP Morgan is going to be in"}, {"start": "00:44:39", "end": "00:44:43", "text": "a speed race to not lose that money"}, {"start": "00:44:41", "end": "00:44:46", "text": "because what does Stripe offer you? the"}, {"start": "00:44:43", "end": "00:44:48", "text": "ability of not you put your money in,"}, {"start": "00:44:46", "end": "00:44:50", "text": "you're getting paid yield as opposed to"}, {"start": "00:44:48", "end": "00:44:51", "text": "I put my money into JP Morgan, I get"}, {"start": "00:44:50", "end": "00:44:53", "text": "zero yield."}, {"start": "00:44:51", "end": "00:44:55", "text": ">> They're borrowing money at zero and"}, {"start": "00:44:53", "end": "00:44:56", "text": "they're lending it out at four, five,"}, {"start": "00:44:55", "end": "00:44:58", "text": "six, seven and they're making a huge"}, {"start": "00:44:56", "end": "00:45:01", "text": "spread."}, {"start": "00:44:58", "end": "00:45:03", "text": "There's two parts of a bank. There's the"}, {"start": "00:45:01", "end": "00:45:05", "text": "let me put it in the bank and keep it"}, {"start": "00:45:03", "end": "00:45:07", "text": "there. And then there's the okay, the"}, {"start": "00:45:05", "end": "00:45:09", "text": "bank is making money borrowing and"}, {"start": "00:45:07", "end": "00:45:11", "text": "spread. So I believe what Torson lock"}, {"start": "00:45:09", "end": "00:45:13", "text": "that AI agents will move that money out."}, {"start": "00:45:11", "end": "00:45:15", "text": "I've said it publicly, I'll say it"}, {"start": "00:45:13", "end": "00:45:18", "text": "again. If you go from 2022 and you look"}, {"start": "00:45:15", "end": "00:45:22", "text": "at money market f fund growth, it's been"}, {"start": "00:45:18", "end": "00:45:25", "text": "70% growth since 2022, bank deposits"}, {"start": "00:45:22", "end": "00:45:27", "text": "have grown by 56%."}, {"start": "00:45:25", "end": "00:45:28", "text": "The the the taking money out of the"}, {"start": "00:45:27", "end": "00:45:31", "text": "banks is already happening. So, the"}, {"start": "00:45:28", "end": "00:45:33", "text": "spread has gotten wider and they've been"}, {"start": "00:45:31", "end": "00:45:35", "text": "able to lend it out. The reason I bring"}, {"start": "00:45:33", "end": "00:45:37", "text": "that up is when you talk about the"}, {"start": "00:45:35", "end": "00:45:39", "text": "intelligence side, the only thing that"}, {"start": "00:45:37", "end": "00:45:43", "text": "matters to JP Morgan over the next 3"}, {"start": "00:45:39", "end": "00:45:46", "text": "years is the agent workflow."}, {"start": "00:45:43", "end": "00:45:48", "text": "They need to basically"}, {"start": "00:45:46", "end": "00:45:49", "text": "deal with people cuz their spreads are"}, {"start": "00:45:48", "end": "00:45:52", "text": "going to be going down. So the game for"}, {"start": "00:45:49", "end": "00:45:54", "text": "profit margins is how does AI in the"}, {"start": "00:45:52", "end": "00:45:55", "text": "Fortune 500 companies the City Bank the"}, {"start": "00:45:54", "end": "00:46:00", "text": "only way city bank can compete with"}, {"start": "00:45:55", "end": "00:46:02", "text": "Stripe who has 190,000 less people"}, {"start": "00:46:00", "end": "00:46:04", "text": "they need to get rid of people and still"}, {"start": "00:46:02", "end": "00:46:06", "text": "do the business and keep their spreads."}, {"start": "00:46:04", "end": "00:46:08", "text": "It is a very complicated game to do that"}, {"start": "00:46:06", "end": "00:46:10", "text": "with agents on the one side that are"}, {"start": "00:46:08", "end": "00:46:12", "text": "killing you because they are eating at"}, {"start": "00:46:10", "end": "00:46:14", "text": "your net interest income but at the same"}, {"start": "00:46:12", "end": "00:46:16", "text": "point you have to find a way to replace"}, {"start": "00:46:14", "end": "00:46:18", "text": "the people's workflows. So, you're"}, {"start": "00:46:16", "end": "00:46:20", "text": "dealing it from a position of no"}, {"start": "00:46:18", "end": "00:46:22", "text": "employees."}, {"start": "00:46:20", "end": "00:46:24", "text": "You want the user"}, {"start": "00:46:22", "end": "00:46:26", "text": "to have a better experience and you want"}, {"start": "00:46:24", "end": "00:46:27", "text": "the company to find a cheaper way to get"}, {"start": "00:46:26", "end": "00:46:29", "text": "that experience to be good. I completely"}, {"start": "00:46:27", "end": "00:46:31", "text": "agree with that whole thing. I have no"}, {"start": "00:46:29", "end": "00:46:33", "text": "problem with the fact that that'll go."}, {"start": "00:46:31", "end": "00:46:34", "text": "But in a Fortune 500 company, so let's"}, {"start": "00:46:33", "end": "00:46:37", "text": "separate the consumers and let's"}, {"start": "00:46:34", "end": "00:46:39", "text": "separate what I consider Sylvia as being"}, {"start": "00:46:37", "end": "00:46:41", "text": "part of. I consider this the tokenized"}, {"start": "00:46:39", "end": "00:46:43", "text": "digital economy."}, {"start": "00:46:41", "end": "00:46:45", "text": ">> The digital economy, the Amazon verse"}, {"start": "00:46:43", "end": "00:46:47", "text": "retail malls, the Google vers"}, {"start": "00:46:45", "end": "00:46:50", "text": "newspapers, all of that rise has led to"}, {"start": "00:46:47", "end": "00:46:51", "text": "the most profits. So the part that I"}, {"start": "00:46:50", "end": "00:46:53", "text": "agree with is the winners of the next 10"}, {"start": "00:46:51", "end": "00:46:55", "text": "years are the people that only use open"}, {"start": "00:46:53", "end": "00:46:58", "text": "source. So we agree on that. But the"}, {"start": "00:46:55", "end": "00:47:01", "text": "enterprises will pay anthropic and open"}, {"start": "00:46:58", "end": "00:47:03", "text": "AI because of the advance the smarter"}, {"start": "00:47:01", "end": "00:47:05", "text": "intelligence and the the companies that"}, {"start": "00:47:03", "end": "00:47:07", "text": "have the most money they should be"}, {"start": "00:47:05", "end": "00:47:09", "text": "spending the most money on their AI and"}, {"start": "00:47:07", "end": "00:47:11", "text": "not taking a risk. Jensen Wang talks"}, {"start": "00:47:09", "end": "00:47:14", "text": "about all the time and he did on BG2"}, {"start": "00:47:11", "end": "00:47:15", "text": "that people don't want to take the risk"}, {"start": "00:47:14", "end": "00:47:18", "text": "of buying these chips that are cheaper"}, {"start": "00:47:15", "end": "00:47:20", "text": "when I can deliver them an entire system"}, {"start": "00:47:18", "end": "00:47:21", "text": "for 100 billion that will work because I"}, {"start": "00:47:20", "end": "00:47:23", "text": "have decades of of doing this or at"}, {"start": "00:47:21", "end": "00:47:25", "text": "least the last 5 years. The same thing"}, {"start": "00:47:23", "end": "00:47:27", "text": "will happen with anthropic and open AI"}, {"start": "00:47:25", "end": "00:47:29", "text": "at the higher levels of things, but"}, {"start": "00:47:27", "end": "00:47:31", "text": "gradually each company will do what"}, {"start": "00:47:29", "end": "00:47:32", "text": "you're saying, which is okay, I got to"}, {"start": "00:47:31", "end": "00:47:34", "text": "find a better way because I can't have"}, {"start": "00:47:32", "end": "00:47:37", "text": "these costs keep going up because my"}, {"start": "00:47:34", "end": "00:47:39", "text": "income is going at a faster pace. So, I"}, {"start": "00:47:37", "end": "00:47:40", "text": "do view this in a very similar way to"}, {"start": "00:47:39", "end": "00:47:42", "text": "you that the open source will win. But"}, {"start": "00:47:40", "end": "00:47:44", "text": "if you listen to Jensen Yuang, he said"}, {"start": "00:47:42", "end": "00:47:46", "text": "it perfectly. He goes, I think it's a"}, {"start": "00:47:44", "end": "00:47:48", "text": "mistake to view anthropic and open AI"}, {"start": "00:47:46", "end": "00:47:49", "text": "and focus on their revenues. They will"}, {"start": "00:47:48", "end": "00:47:51", "text": "be very successful of what they're"}, {"start": "00:47:49", "end": "00:47:53", "text": "doing. They have the best models. They"}, {"start": "00:47:51", "end": "00:47:54", "text": "have the highest intelligence. They will"}, {"start": "00:47:53", "end": "00:47:55", "text": "dominate research and science. No"}, {"start": "00:47:54", "end": "00:47:56", "text": "question about it."}, {"start": "00:47:55", "end": "00:47:57", "text": ">> Agreed."}, {"start": "00:47:56", "end": "00:47:59", "text": ">> They're not letting anyone see their"}, {"start": "00:47:57", "end": "00:48:00", "text": "models anymore, which means distillation"}, {"start": "00:47:59", "end": "00:48:02", "text": "goes down, and we're already seeing that"}, {"start": "00:48:00", "end": "00:48:03", "text": "in the China data. So, all the open"}, {"start": "00:48:02", "end": "00:48:04", "text": "source people that think they have a"}, {"start": "00:48:03", "end": "00:48:06", "text": "smart model, that's great, but not for"}, {"start": "00:48:04", "end": "00:48:08", "text": "math, not for science, not for"}, {"start": "00:48:06", "end": "00:48:10", "text": "rebuilding things there. I think all of"}, {"start": "00:48:08", "end": "00:48:11", "text": "that's going to start to take shape. And"}, {"start": "00:48:10", "end": "00:48:13", "text": "we're in the very early innings. But I"}, {"start": "00:48:11", "end": "00:48:16", "text": "think it's a mistake for people to"}, {"start": "00:48:13", "end": "00:48:17", "text": "doubt. The revenues will come in. I"}, {"start": "00:48:16", "end": "00:48:19", "text": "think they're going to come in from so"}, {"start": "00:48:17", "end": "00:48:22", "text": "many different sources. And anthropic"}, {"start": "00:48:19", "end": "00:48:24", "text": "and open AI may never meet the valuation"}, {"start": "00:48:22", "end": "00:48:27", "text": "of the company of what people thought."}, {"start": "00:48:24", "end": "00:48:31", "text": "If we sat here in 5 years and anthropic"}, {"start": "00:48:27", "end": "00:48:33", "text": "and open a open AI combined were $4.5"}, {"start": "00:48:31", "end": "00:48:35", "text": "trillion. It was a waste of money to"}, {"start": "00:48:33", "end": "00:48:37", "text": "talk about the whole thing both from are"}, {"start": "00:48:35", "end": "00:48:38", "text": "they going to make it or go extinct or"}, {"start": "00:48:37", "end": "00:48:39", "text": "is it the greatest investment"}, {"start": "00:48:38", "end": "00:48:41", "text": "opportunity? We already missed the"}, {"start": "00:48:39", "end": "00:48:43", "text": "greatest investment opportunity."}, {"start": "00:48:41", "end": "00:48:45", "text": ">> I I I actually think um they will"}, {"start": "00:48:43", "end": "00:48:46", "text": "continue to grow and and people are like"}, {"start": "00:48:45", "end": "00:48:47", "text": "are they going to be a great company?"}, {"start": "00:48:46", "end": "00:48:49", "text": "They're already great companies, right?"}, {"start": "00:48:47", "end": "00:48:51", "text": "So like this is not me like on"}, {"start": "00:48:49", "end": "00:48:53", "text": "them in any any form or fashion. What I"}, {"start": "00:48:51", "end": "00:48:58", "text": "think is uh and maybe to be explicitly"}, {"start": "00:48:53", "end": "00:49:00", "text": "clear the per company or per customer"}, {"start": "00:48:58", "end": "00:49:04", "text": "token consumption is going to keep going"}, {"start": "00:49:00", "end": "00:49:07", "text": "down over time because what they"}, {"start": "00:49:04", "end": "00:49:10", "text": "open and anthropic are the starter pack"}, {"start": "00:49:07", "end": "00:49:12", "text": "for a company to get involved in AI. You"}, {"start": "00:49:10", "end": "00:49:14", "text": "go and you adopt them first because"}, {"start": "00:49:12", "end": "00:49:16", "text": ">> you don't know nothing, right? You you"}, {"start": "00:49:14", "end": "00:49:17", "text": "need, hey, what is the thing to to get"}, {"start": "00:49:16", "end": "00:49:19", "text": "this going? I'm going to build software"}, {"start": "00:49:17", "end": "00:49:21", "text": "and then I need to plug in AI. They have"}, {"start": "00:49:19", "end": "00:49:24", "text": "intelligence. As companies move up the"}, {"start": "00:49:21", "end": "00:49:26", "text": "curve of I need to now customize it,"}, {"start": "00:49:24", "end": "00:49:28", "text": "improve it, optimize it, whatever. Then"}, {"start": "00:49:26", "end": "00:49:29", "text": "you start to move off of the general"}, {"start": "00:49:28", "end": "00:49:30", "text": "purpose models into the specialized"}, {"start": "00:49:29", "end": "00:49:32", "text": "models, the fetine tuning, the open"}, {"start": "00:49:30", "end": "00:49:35", "text": "source, like all that kind of stuff. And"}, {"start": "00:49:32", "end": "00:49:37", "text": "so for us, it's super easy to do that in"}, {"start": "00:49:35", "end": "00:49:39", "text": "a matter of 6 months. For JP Morgan or"}, {"start": "00:49:37", "end": "00:49:42", "text": "even large law firms or these big"}, {"start": "00:49:39", "end": "00:49:44", "text": "companies, maybe it takes 6 to 10 years,"}, {"start": "00:49:42", "end": "00:49:45", "text": "but the end result is they're going to"}, {"start": "00:49:44", "end": "00:49:47", "text": "end up wanting to own as much of that as"}, {"start": "00:49:45", "end": "00:49:49", "text": "possible. So it's sovereign, it's"}, {"start": "00:49:47", "end": "00:49:52", "text": "cheaper, it's better, whatever. I think"}, {"start": "00:49:49", "end": "00:49:54", "text": "that there is a window of time where"}, {"start": "00:49:52", "end": "00:49:56", "text": "the other aspect we haven't talked about"}, {"start": "00:49:54", "end": "00:49:57", "text": "is like Anthrop's got a sales team,"}, {"start": "00:49:56", "end": "00:50:00", "text": "right? Open source doesn't have a sales"}, {"start": "00:49:57", "end": "00:50:01", "text": "team. And so if you're the guy sitting"}, {"start": "00:50:00", "end": "00:50:03", "text": "at JP Morgan and you get to make the"}, {"start": "00:50:01", "end": "00:50:04", "text": "decision as to what you're going to do,"}, {"start": "00:50:03", "end": "00:50:06", "text": "well, I don't know, maybe the dude"}, {"start": "00:50:04", "end": "00:50:08", "text": "taking me to the Knicks game is going to"}, {"start": "00:50:06", "end": "00:50:10", "text": "get some business, right? And so like"}, {"start": "00:50:08", "end": "00:50:11", "text": "there is a whole other element of this"}, {"start": "00:50:10", "end": "00:50:13", "text": "that isn't just like what is the"}, {"start": "00:50:11", "end": "00:50:15", "text": "long-term best thing for the company."}, {"start": "00:50:13", "end": "00:50:18", "text": "There's human relationships and all of"}, {"start": "00:50:15", "end": "00:50:19", "text": "this. So, I'm not arguing that they're"}, {"start": "00:50:18", "end": "00:50:22", "text": "zeros or they're not bad investments or"}, {"start": "00:50:19", "end": "00:50:25", "text": "any of that stuff. I'm just arguing that"}, {"start": "00:50:22", "end": "00:50:26", "text": "if I fast forward 15 years from now,"}, {"start": "00:50:25", "end": "00:50:28", "text": "most companies I think are going to want"}, {"start": "00:50:26", "end": "00:50:29", "text": "to own their full stack. Big companies"}, {"start": "00:50:28", "end": "00:50:31", "text": "are going to be slower. Small companies"}, {"start": "00:50:29", "end": "00:50:34", "text": "are already doing it. And so, the trend"}, {"start": "00:50:31", "end": "00:50:37", "text": "to me is like that there is way more"}, {"start": "00:50:34", "end": "00:50:38", "text": "headwind here than just like uh have we"}, {"start": "00:50:37", "end": "00:50:40", "text": "ever talked on this podcast about the"}, {"start": "00:50:38", "end": "00:50:40", "text": "fat protocol thesis?"}, {"start": "00:50:40", "end": "00:50:42", "text": ">> No."}, {"start": "00:50:40", "end": "00:50:45", "text": ">> No. All right. So, let me go back for a"}, {"start": "00:50:42", "end": "00:50:47", "text": "second. Most of my view of AI comes from"}, {"start": "00:50:45", "end": "00:50:48", "text": "my experience on crypto."}, {"start": "00:50:47", "end": "00:50:50", "text": ">> And if you look at all the people who"}, {"start": "00:50:48", "end": "00:50:51", "text": "are saying AI is going to kill us, they"}, {"start": "00:50:50", "end": "00:50:52", "text": "were telling us that the government was"}, {"start": "00:50:51", "end": "00:50:53", "text": "going to shut down crypto, right? So"}, {"start": "00:50:52", "end": "00:50:56", "text": "like there's a lot of parallels between"}, {"start": "00:50:53", "end": "00:50:57", "text": "new technology, whatever. And I was uh"}, {"start": "00:50:56", "end": "00:50:59", "text": "only now fortunate enough to have lived"}, {"start": "00:50:57", "end": "00:51:00", "text": "through one of these like zero to one"}, {"start": "00:50:59", "end": "00:51:02", "text": "moments in technology and now I'm seeing"}, {"start": "00:51:00", "end": "00:51:04", "text": "it. I'm like, oh, this must be like"}, {"start": "00:51:02", "end": "00:51:06", "text": "every technology."}, {"start": "00:51:04", "end": "00:51:08", "text": "But in crypto, if you go back 12 years"}, {"start": "00:51:06", "end": "00:51:10", "text": "ago or so, there was this very famous"}, {"start": "00:51:08", "end": "00:51:13", "text": "fat protocol thesis. And the whole idea"}, {"start": "00:51:10", "end": "00:51:14", "text": "was all of the value acrru to the"}, {"start": "00:51:13", "end": "00:51:16", "text": "protocol. So the apps, the"}, {"start": "00:51:14", "end": "00:51:17", "text": "infrastructure, like all of that,"}, {"start": "00:51:16", "end": "00:51:20", "text": "there's going to be no value there. It"}, {"start": "00:51:17", "end": "00:51:22", "text": "all goes to Bitcoin, Ethereum, you know,"}, {"start": "00:51:20", "end": "00:51:23", "text": "Salana, whatever. Ended up not being"}, {"start": "00:51:22", "end": "00:51:24", "text": "true because obviously there's lots of"}, {"start": "00:51:23", "end": "00:51:26", "text": "value at the app layer, the"}, {"start": "00:51:24", "end": "00:51:28", "text": "infrastructure layer, and the protocol"}, {"start": "00:51:26", "end": "00:51:30", "text": "layer. AI is very similar in that no one"}, {"start": "00:51:28", "end": "00:51:32", "text": "has called it this yet but there's"}, {"start": "00:51:30", "end": "00:51:34", "text": "basically this like fat model thesis"}, {"start": "00:51:32", "end": "00:51:35", "text": "that people have had for a lot for a"}, {"start": "00:51:34", "end": "00:51:38", "text": "couple years which is like all of the"}, {"start": "00:51:35", "end": "00:51:39", "text": "value is going to acrue just to open AAI"}, {"start": "00:51:38", "end": "00:51:41", "text": "or anthropic"}, {"start": "00:51:39", "end": "00:51:42", "text": ">> I think now you know UI many others are"}, {"start": "00:51:41", "end": "00:51:44", "text": "realizing hey no no there's going to be"}, {"start": "00:51:42", "end": "00:51:46", "text": "apps there's going to be infrastructure"}, {"start": "00:51:44", "end": "00:51:48", "text": "there's going to be uh also value at the"}, {"start": "00:51:46", "end": "00:51:50", "text": "model layer and so the fat protocol"}, {"start": "00:51:48", "end": "00:51:52", "text": "thesis was wrong I think the fat model"}, {"start": "00:51:50", "end": "00:51:54", "text": "thesis is wrong as well but it doesn't"}, {"start": "00:51:52", "end": "00:51:56", "text": "mean that it's a zero it just means that"}, {"start": "00:51:54", "end": "00:51:58", "text": "it doesn't take 100% maybe it takes 40%"}, {"start": "00:51:56", "end": "00:52:00", "text": "of the value. There's still value in"}, {"start": "00:51:58", "end": "00:52:02", "text": "these other layers as well. And so"}, {"start": "00:52:00", "end": "00:52:04", "text": "companies have to choose where do they"}, {"start": "00:52:02", "end": "00:52:06", "text": "play in the stack. And like I'm going to"}, {"start": "00:52:04", "end": "00:52:07", "text": "put dollars out. Do I put it to the"}, {"start": "00:52:06", "end": "00:52:10", "text": "model companies? Do I put it to the"}, {"start": "00:52:07", "end": "00:52:11", "text": "infrastructure? Do I put it to, you"}, {"start": "00:52:10", "end": "00:52:14", "text": "know, open source? Where does my money"}, {"start": "00:52:11", "end": "00:52:15", "text": "go in that stack? It's not all going to"}, {"start": "00:52:14", "end": "00:52:17", "text": "go to the model companies."}, {"start": "00:52:15", "end": "00:52:19", "text": ">> And I So you brought up the point that I"}, {"start": "00:52:17", "end": "00:52:21", "text": "think everyone listening should should"}, {"start": "00:52:19", "end": "00:52:23", "text": "be paying attention to, which is we're"}, {"start": "00:52:21", "end": "00:52:25", "text": "getting caught too much. And I think"}, {"start": "00:52:23", "end": "00:52:28", "text": "this is where our original conversation"}, {"start": "00:52:25", "end": "00:52:31", "text": "went on this, which is if you focus on"}, {"start": "00:52:28", "end": "00:52:32", "text": "the economics of something,"}, {"start": "00:52:31", "end": "00:52:35", "text": "you're just you're wasting your time."}, {"start": "00:52:32", "end": "00:52:37", "text": "Meaning to think that anthropic and open"}, {"start": "00:52:35", "end": "00:52:39", "text": "AI are losing everything to open source"}, {"start": "00:52:37", "end": "00:52:42", "text": "is just stupid. Like it it doesn't make"}, {"start": "00:52:39", "end": "00:52:45", "text": "any sense. Do I think that the pie of"}, {"start": "00:52:42", "end": "00:52:49", "text": "TAM of intelligence is so big that"}, {"start": "00:52:45", "end": "00:52:51", "text": "everyone has a chance not to win but to"}, {"start": "00:52:49", "end": "00:52:54", "text": "survive? Yes. I think that's the key"}, {"start": "00:52:51", "end": "00:52:56", "text": "thing is that when Jensen talks about"}, {"start": "00:52:54", "end": "00:52:59", "text": "it, he literally says there's $90"}, {"start": "00:52:56", "end": "00:53:02", "text": "trillion going into"}, {"start": "00:52:59", "end": "00:53:05", "text": "compute and AI. He's been right about"}, {"start": "00:53:02", "end": "00:53:06", "text": "almost everything. And yet he still"}, {"start": "00:53:05", "end": "00:53:09", "text": "doubted. And that was the the part about"}, {"start": "00:53:06", "end": "00:53:12", "text": "BG2. If you go listen to Zuckerberg and"}, {"start": "00:53:09", "end": "00:53:14", "text": "Alexander Wang talk with on Cheeky Pint,"}, {"start": "00:53:12", "end": "00:53:17", "text": "it's the same thing. Go listen to what"}, {"start": "00:53:14", "end": "00:53:19", "text": "he said the benefits are for Meta over"}, {"start": "00:53:17", "end": "00:53:22", "text": "the Neoclouds. He didn't say the"}, {"start": "00:53:19", "end": "00:53:25", "text": "Neoclads weren't necessary. He's heavily"}, {"start": "00:53:22", "end": "00:53:28", "text": "involved with Coree. So is Nvidia."}, {"start": "00:53:25", "end": "00:53:29", "text": "Nvidia supplies the GPUs. I mean, Jensen"}, {"start": "00:53:28", "end": "00:53:31", "text": "came out and said their cost of capital"}, {"start": "00:53:29", "end": "00:53:33", "text": "is actually getting lower. And if you go"}, {"start": "00:53:31", "end": "00:53:36", "text": "read on how their structure is set up,"}, {"start": "00:53:33", "end": "00:53:37", "text": "there's a lot of truth to that. So, I"}, {"start": "00:53:36", "end": "00:53:39", "text": "just think there's a separation for"}, {"start": "00:53:37", "end": "00:53:41", "text": "people from the economics of a business"}, {"start": "00:53:39", "end": "00:53:44", "text": "and the companies."}, {"start": "00:53:41", "end": "00:53:47", "text": "Anthropic was a $50 billion valued"}, {"start": "00:53:44", "end": "00:53:50", "text": "company 18 months ago that is now valued"}, {"start": "00:53:47", "end": "00:53:52", "text": "at 2 trillion. Whether it's 2.4"}, {"start": "00:53:50", "end": "00:53:55", "text": "trillion, 1.9 trillion is irrelevant."}, {"start": "00:53:52", "end": "00:53:56", "text": "The one thing I know for sure is to bet"}, {"start": "00:53:55", "end": "00:53:58", "text": "that you're going to get the same kind"}, {"start": "00:53:56", "end": "00:54:00", "text": "of return on it over the course of the"}, {"start": "00:53:58", "end": "00:54:01", "text": "next 3 years is silly. Like that's"}, {"start": "00:54:00", "end": "00:54:02", "text": "stupid."}, {"start": "00:54:01", "end": "00:54:06", "text": ">> We're we're running out of time, but I"}, {"start": "00:54:02", "end": "00:54:08", "text": "have to ask you, did you see Elon's demo"}, {"start": "00:54:06", "end": "00:54:10", "text": "of the of his new cars?"}, {"start": "00:54:08", "end": "00:54:12", "text": ">> What are your thoughts?"}, {"start": "00:54:10", "end": "00:54:15", "text": "Um,"}, {"start": "00:54:12", "end": "00:54:18", "text": "you know, he I I've avoided talking"}, {"start": "00:54:15", "end": "00:54:20", "text": "about SpaceX. Uh, and I'm I'm I'm"}, {"start": "00:54:18", "end": "00:54:24", "text": "driving this into SpaceX for a reason"}, {"start": "00:54:20", "end": "00:54:26", "text": "cuz Elon has also said that um he sees"}, {"start": "00:54:24", "end": "00:54:29", "text": "SpaceX as being bigger than the global"}, {"start": "00:54:26", "end": "00:54:31", "text": "economy."}, {"start": "00:54:29", "end": "00:54:33", "text": "I want to put that in perspective of how"}, {"start": "00:54:31", "end": "00:54:34", "text": "my brain finally got to the place that"}, {"start": "00:54:33", "end": "00:54:35", "text": "he could be right. Okay."}, {"start": "00:54:34", "end": "00:54:37", "text": ">> Okay."}, {"start": "00:54:35", "end": "00:54:40", "text": ">> Now, do I think that's going to happen?"}, {"start": "00:54:37", "end": "00:54:42", "text": "No. But do I could I come to the terms"}, {"start": "00:54:40", "end": "00:54:45", "text": "of what my vision is of the future and"}, {"start": "00:54:42", "end": "00:54:46", "text": "how Elon could be right? Here's the way"}, {"start": "00:54:45", "end": "00:54:48", "text": "it could be right. There are $900"}, {"start": "00:54:46", "end": "00:54:50", "text": "trillion on the asset. I've been"}, {"start": "00:54:48", "end": "00:54:52", "text": "thinking about the equity market as the"}, {"start": "00:54:50", "end": "00:54:54", "text": "total sum. So he was basically saying"}, {"start": "00:54:52", "end": "00:54:56", "text": "I'd be all public equity and I went well"}, {"start": "00:54:54", "end": "00:54:58", "text": "that's not possible. But what he's"}, {"start": "00:54:56", "end": "00:55:01", "text": "really saying is a world that I believe"}, {"start": "00:54:58", "end": "00:55:04", "text": "in which is the 900 trillion which is"}, {"start": "00:55:01", "end": "00:55:06", "text": "predominantly illlquid assets"}, {"start": "00:55:04", "end": "00:55:08", "text": "actually moves through tokenization into"}, {"start": "00:55:06", "end": "00:55:10", "text": "liquid assets. It's no longer trapped in"}, {"start": "00:55:08", "end": "00:55:13", "text": "this part. And that way you could have"}, {"start": "00:55:10", "end": "00:55:16", "text": "one company worth 50 trillion. I have no"}, {"start": "00:55:13", "end": "00:55:17", "text": "problem with it because Bitcoin to me"}, {"start": "00:55:16", "end": "00:55:20", "text": "same argument like could it be 50"}, {"start": "00:55:17", "end": "00:55:22", "text": "trillion? Of course it could."}, {"start": "00:55:20", "end": "00:55:24", "text": "That is why when I saw the flying car"}, {"start": "00:55:22", "end": "00:55:26", "text": "thing and I saw some funny memes that"}, {"start": "00:55:24", "end": "00:55:27", "text": "came out from people saying, you know,"}, {"start": "00:55:26", "end": "00:55:30", "text": "talking about different things, I just"}, {"start": "00:55:27", "end": "00:55:32", "text": "went, I believe this. I saw a bald eagle"}, {"start": "00:55:30", "end": "00:55:34", "text": "three times outside my apartment in"}, {"start": "00:55:32", "end": "00:55:37", "text": "Brooklyn this week. So, if I can see"}, {"start": "00:55:34", "end": "00:55:39", "text": "bald eagles nesting outside of my uh my"}, {"start": "00:55:37", "end": "00:55:40", "text": "balcony, I think I can see flying cars"}, {"start": "00:55:39", "end": "00:55:41", "text": "everywhere."}, {"start": "00:55:40", "end": "00:55:42", "text": ">> All right, I got some alpha for"}, {"start": "00:55:41", "end": "00:55:43", "text": "everybody. This is if you listen to the"}, {"start": "00:55:42", "end": "00:55:46", "text": "end of the podcast is where the good"}, {"start": "00:55:43", "end": "00:55:49", "text": "stuff is. Ready? I tweeted uh on"}, {"start": "00:55:46", "end": "00:55:50", "text": "Thursday morning, \"As a shareholder, I"}, {"start": "00:55:49", "end": "00:55:53", "text": "would fully support a Tesla SpaceX"}, {"start": "00:55:50", "end": "00:55:54", "text": "merger. It is clear that Elon Musk is"}, {"start": "00:55:53", "end": "00:55:56", "text": "the best entrepreneur of our generation."}, {"start": "00:55:54", "end": "00:55:59", "text": "Give him as many resources as possible"}, {"start": "00:55:56", "end": "00:56:01", "text": "and let him do his thing.\" Explicitly"}, {"start": "00:55:59", "end": "00:56:04", "text": "saying that I support it. Do you want to"}, {"start": "00:56:01", "end": "00:56:08", "text": "know what the alpha is? Who is at the"}, {"start": "00:56:04", "end": "00:56:12", "text": "top there who liked it?"}, {"start": "00:56:08", "end": "00:56:14", "text": "For those who can see, Mr. Elon Musk,"}, {"start": "00:56:12", "end": "00:56:15", "text": "which I think is kind of the subtle way"}, {"start": "00:56:14", "end": "00:56:20", "text": "if you've noticed, you know, he likes"}, {"start": "00:56:15", "end": "00:56:22", "text": "that tweet. He put SpaceX, X, Tesla,"}, {"start": "00:56:20", "end": "00:56:23", "text": "like he's probably going to merge them."}, {"start": "00:56:22", "end": "00:56:24", "text": "I don't know if he does it this year."}, {"start": "00:56:23", "end": "00:56:25", "text": "The rumor is that he could possibly do"}, {"start": "00:56:24", "end": "00:56:27", "text": "it before the end of the year, which"}, {"start": "00:56:25", "end": "00:56:30", "text": "would be pretty, you know, epic. Now,"}, {"start": "00:56:27", "end": "00:56:32", "text": "the reason I bring that up is maybe one"}, {"start": "00:56:30", "end": "00:56:35", "text": "of the alpha generating ideas from this"}, {"start": "00:56:32", "end": "00:56:37", "text": "podcast is it is likely that SpaceX"}, {"start": "00:56:35", "end": "00:56:39", "text": "would acquire"}, {"start": "00:56:37", "end": "00:56:41", "text": "Tesla and would have to do it at a"}, {"start": "00:56:39", "end": "00:56:43", "text": "premium to the current Tesla valuation."}, {"start": "00:56:41", "end": "00:56:46", "text": ">> And if that's the case, then I don't"}, {"start": "00:56:43", "end": "00:56:47", "text": "know 15, 20, 30%, you know, kind of"}, {"start": "00:56:46", "end": "00:56:49", "text": "upside from there."}, {"start": "00:56:47", "end": "00:56:51", "text": ">> And so my guess is that we are going to"}, {"start": "00:56:49", "end": "00:56:53", "text": "see Tesla's stock start to kind of grind"}, {"start": "00:56:51", "end": "00:56:54", "text": "up here because there are going to be a"}, {"start": "00:56:53", "end": "00:56:55", "text": "bunch of hedge fund guys who start"}, {"start": "00:56:54", "end": "00:56:57", "text": "speculating on, hey, is he actually"}, {"start": "00:56:55", "end": "00:56:58", "text": "going to do this or not? Yeah."}, {"start": "00:56:57", "end": "00:56:59", "text": ">> And then on top of that, by the way,"}, {"start": "00:56:58", "end": "00:57:02", "text": "he's got a flying car that, you"}, {"start": "00:56:59", "end": "00:57:03", "text": "know, hops over traffic. And so you get"}, {"start": "00:57:02", "end": "00:57:05", "text": "these kind of like there's like"}, {"start": "00:57:03", "end": "00:57:07", "text": "fundamentals of the technology, the"}, {"start": "00:57:05", "end": "00:57:08", "text": "product, plus just pure speculation on,"}, {"start": "00:57:07", "end": "00:57:11", "text": "hey, is this guy going to merge these"}, {"start": "00:57:08", "end": "00:57:12", "text": "two? And if he does it at a premium,"}, {"start": "00:57:11", "end": "00:57:13", "text": "Tesla stock could run here into the end"}, {"start": "00:57:12", "end": "00:57:16", "text": "of the year."}, {"start": "00:57:13", "end": "00:57:17", "text": ">> It could. And I think the Starlink um"}, {"start": "00:57:16", "end": "00:57:20", "text": "situation is really important. I think"}, {"start": "00:57:17", "end": "00:57:23", "text": "Elon has here's where I think he's"}, {"start": "00:57:20", "end": "00:57:25", "text": "become very smart in this thing. At the"}, {"start": "00:57:23", "end": "00:57:27", "text": "very beginning, we talked about LTCM."}, {"start": "00:57:25", "end": "00:57:30", "text": "I want to make sure people understand"}, {"start": "00:57:27", "end": "00:57:32", "text": "that um at some point and this is what"}, {"start": "00:57:30", "end": "00:57:35", "text": "we've seen this year. The amount of"}, {"start": "00:57:32", "end": "00:57:38", "text": "capital needed for the AI trade from the"}, {"start": "00:57:35", "end": "00:57:40", "text": "public markets is enormous. This is"}, {"start": "00:57:38", "end": "00:57:42", "text": "another reason why tokenization has to"}, {"start": "00:57:40", "end": "00:57:44", "text": "happen faster. Um you need to free up"}, {"start": "00:57:42", "end": "00:57:46", "text": "capital from other places to where the"}, {"start": "00:57:44", "end": "00:57:47", "text": "economics can be distributed to places"}, {"start": "00:57:46", "end": "00:57:50", "text": "that people want. The the problem we're"}, {"start": "00:57:47", "end": "00:57:52", "text": "running into with the capital side is"}, {"start": "00:57:50", "end": "00:57:54", "text": "it's not that these trades are bad. that"}, {"start": "00:57:52", "end": "00:57:55", "text": "if Broadcom comes to the market for 100"}, {"start": "00:57:54", "end": "00:57:57", "text": "billion and Google comes to market for"}, {"start": "00:57:55", "end": "00:57:59", "text": "100 billion well then someone is buying"}, {"start": "00:57:57", "end": "00:58:02", "text": "that money they have a portfolio of"}, {"start": "00:57:59", "end": "00:58:04", "text": "investments you do I do I have a 100% of"}, {"start": "00:58:02", "end": "00:58:06", "text": "my investments in Bitcoin no and nor"}, {"start": "00:58:04", "end": "00:58:07", "text": "should anyone have all of their"}, {"start": "00:58:06", "end": "00:58:08", "text": "investments in one thing you"}, {"start": "00:58:07", "end": "00:58:12", "text": ">> scared you scared"}, {"start": "00:58:08", "end": "00:58:15", "text": ">> the the problem with AI and this is the"}, {"start": "00:58:12", "end": "00:58:17", "text": "issue if you keep coming with all of"}, {"start": "00:58:15", "end": "00:58:20", "text": "this what's the difference between a"}, {"start": "00:58:17", "end": "00:58:23", "text": "coreweave bond and a Broadcom bond and"}, {"start": "00:58:20", "end": "00:58:26", "text": "an Nvidia stock and they're all part of"}, {"start": "00:58:23", "end": "00:58:29", "text": "a very concentrated portfolio. So the"}, {"start": "00:58:26", "end": "00:58:31", "text": "amount of capital coming to the market,"}, {"start": "00:58:29", "end": "00:58:33", "text": "not the size of it, but the"}, {"start": "00:58:31", "end": "00:58:35", "text": "concentration of it is why the CDS blows"}, {"start": "00:58:33", "end": "00:58:37", "text": "out. It's why there's so much"}, {"start": "00:58:35", "end": "00:58:39", "text": "correlation with the names that are not"}, {"start": "00:58:37", "end": "00:58:41", "text": "winners of AI. And I think this is a"}, {"start": "00:58:39", "end": "00:58:44", "text": "very unique situation in time. And so"}, {"start": "00:58:41", "end": "00:58:47", "text": "what needs to happen is the capital"}, {"start": "00:58:44", "end": "00:58:51", "text": "needs to basically be digested"}, {"start": "00:58:47", "end": "00:58:52", "text": "and open AAI is coming to the market."}, {"start": "00:58:51", "end": "00:58:55", "text": "Anthropics coming to the market. These"}, {"start": "00:58:52", "end": "00:58:57", "text": "are big things. SpaceX came fast. Like"}, {"start": "00:58:55", "end": "00:58:58", "text": "if you really go down, it starts to make"}, {"start": "00:58:57", "end": "00:58:59", "text": "sense. So what's happening to the"}, {"start": "00:58:58", "end": "00:59:01", "text": "market? Why are hedge funds blowing up?"}, {"start": "00:58:59", "end": "00:59:03", "text": "They're blowing up because they"}, {"start": "00:59:01", "end": "00:59:05", "text": "underestimated the impact that all this"}, {"start": "00:59:03", "end": "00:59:07", "text": "capital would mean to people who can't"}, {"start": "00:59:05", "end": "00:59:09", "text": "handle buying any more of it. They'll"}, {"start": "00:59:07", "end": "00:59:10", "text": "eventually buy more of it, but you know"}, {"start": "00:59:09", "end": "00:59:12", "text": "when they'll buy more of it? when they"}, {"start": "00:59:10", "end": "00:59:14", "text": "start having profits in their portfolio"}, {"start": "00:59:12", "end": "00:59:16", "text": "because then that delevers that position"}, {"start": "00:59:14", "end": "00:59:17", "text": "purely through the profits that have"}, {"start": "00:59:16", "end": "00:59:19", "text": "come through the gains and the other"}, {"start": "00:59:17", "end": "00:59:20", "text": "positions. That's what needs to happen"}, {"start": "00:59:19", "end": "00:59:22", "text": "for the next year. And that's why when"}, {"start": "00:59:20", "end": "00:59:24", "text": "Paul Tudtor Jones goes out and I don't"}, {"start": "00:59:22", "end": "00:59:25", "text": "know if he actually said this is some of"}, {"start": "00:59:24", "end": "00:59:27", "text": "the stuff, but he did say that it's"}, {"start": "00:59:25", "end": "00:59:28", "text": "going to be a negative liquidity year in"}, {"start": "00:59:27", "end": "00:59:30", "text": "2027 because you're going to have so"}, {"start": "00:59:28", "end": "00:59:31", "text": "many companies coming to the market."}, {"start": "00:59:30", "end": "00:59:34", "text": "Although I don't agree with him that the"}, {"start": "00:59:31", "end": "00:59:36", "text": "market will necessarily be down or that"}, {"start": "00:59:34", "end": "00:59:39", "text": "it's worth talking about in that manner."}, {"start": "00:59:36", "end": "00:59:40", "text": "Uh I do believe that what is happening"}, {"start": "00:59:39", "end": "00:59:42", "text": "is there's an enormous amount of capital"}, {"start": "00:59:40", "end": "00:59:44", "text": "that is needed for this buildout and"}, {"start": "00:59:42", "end": "00:59:46", "text": "it's growing bigger and bigger every"}, {"start": "00:59:44", "end": "00:59:47", "text": "year. It won't take the market down"}, {"start": "00:59:46", "end": "00:59:50", "text": "because the economics behind it are"}, {"start": "00:59:47", "end": "00:59:51", "text": "supported, but it does mean that as an"}, {"start": "00:59:50", "end": "00:59:53", "text": "investor, you have to be patient with"}, {"start": "00:59:51", "end": "00:59:55", "text": "the time side and that goes back to the"}, {"start": "00:59:53", "end": "00:59:57", "text": "leverage. If you're leveraged and you"}, {"start": "00:59:55", "end": "00:59:59", "text": "need the AI positions in your portfolio"}, {"start": "00:59:57", "end": "01:00:01", "text": "to work for the next year, you might be"}, {"start": "00:59:59", "end": "01:00:02", "text": "in trouble."}, {"start": "01:00:01", "end": "01:00:04", "text": "That's it folks. Make sure you go to"}, {"start": "01:00:02", "end": "01:00:06", "text": "Jordi Visser on YouTube. Subscribe to"}, {"start": "01:00:04", "end": "01:00:08", "text": "his channel there. If you want to use AI"}, {"start": "01:00:06", "end": "01:00:11", "text": "to better manage your finances, go check"}, {"start": "01:00:08", "end": "01:00:14", "text": "out silia silvia.com. It's all we got."}, {"start": "01:00:11", "end": "01:00:14", "text": "See you guys next time."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "At the start of the Trump"}, {"start": "00:00:00", "end": "00:00:04", "text": "administration, what was I excited"}, {"start": "00:00:02", "end": "00:00:05", "text": "about? Balancing the budget was probably"}, {"start": "00:00:04", "end": "00:00:07", "text": "the number one thing. And a big part of"}, {"start": "00:00:05", "end": "00:00:08", "text": "it was actually not the Trump"}, {"start": "00:00:07", "end": "00:00:10", "text": "administration as much as it was the"}, {"start": "00:00:08", "end": "00:00:12", "text": "Trump administration deputizing Elon."}, {"start": "00:00:10", "end": "00:00:13", "text": "Dude, this guy's the best in the world"}, {"start": "00:00:12", "end": "00:00:15", "text": "at doing this. If you remember, he was"}, {"start": "00:00:13", "end": "00:00:16", "text": "inside of I think it was like the"}, {"start": "00:00:15", "end": "00:00:19", "text": "education building. And there was"}, {"start": "00:00:16", "end": "00:00:21", "text": "politicians outside, banging on the"}, {"start": "00:00:19", "end": "00:00:22", "text": "doors. If we had said if they try to"}, {"start": "00:00:21", "end": "00:00:24", "text": "balance the budget, could you imagine if"}, {"start": "00:00:22", "end": "00:00:26", "text": "the politicians literally went outside"}, {"start": "00:00:24", "end": "00:00:28", "text": "the building and tried to physically"}, {"start": "00:00:26", "end": "00:00:31", "text": "stop them? And so in hindsight, I was"}, {"start": "00:00:28", "end": "00:00:33", "text": "naive in the sense of it's not actually"}, {"start": "00:00:31", "end": "00:00:36", "text": "about can you balance the budget. It's a"}, {"start": "00:00:33", "end": "00:00:37", "text": "lack of will wanting to do it. And why"}, {"start": "00:00:36", "end": "00:00:40", "text": "is there a lack of will? Well, if you're"}, {"start": "00:00:37", "end": "00:00:41", "text": "a politician, it's pretty good pitch to"}, {"start": "00:00:40", "end": "00:00:42", "text": "be look at all the stuff I came back"}, {"start": "00:00:41", "end": "00:00:44", "text": "from Washington for all of you"}, {"start": "00:00:42", "end": "00:00:46", "text": "constituents with. The reason they don't"}, {"start": "00:00:44", "end": "00:00:48", "text": "care about the budget deficit is to your"}, {"start": "00:00:46", "end": "00:00:49", "text": "point, one party spends money and gives"}, {"start": "00:00:48", "end": "00:00:51", "text": "it to their constituents to gain power,"}, {"start": "00:00:49", "end": "00:00:52", "text": "stay in power. The other party cuts"}, {"start": "00:00:51", "end": "00:00:53", "text": "taxes and support their constituents"}, {"start": "00:00:52", "end": "00:00:55", "text": "income that way."}, {"start": "00:00:53", "end": "00:00:57", "text": ">> I am now convinced it is impossible. It"}, {"start": "00:00:55", "end": "00:00:58", "text": "doesn't matter who goes in, any of that"}, {"start": "00:00:57", "end": "00:01:00", "text": "stuff. I made the mistake of every"}, {"start": "00:00:58", "end": "00:01:02", "text": "human. I thought that they had good"}, {"start": "00:01:00", "end": "00:01:04", "text": "intentions."}, {"start": "00:01:02", "end": "00:01:07", "text": ">> I thought they actually cared about the"}, {"start": "00:01:04", "end": "00:01:07", "text": "future of the country. Where?"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "I made 10 million in one day trading"}, {"start": "00:00:02", "end": "00:00:06", "text": "Amazon options on the on earnings and"}, {"start": "00:00:04", "end": "00:00:07", "text": "everyone called me a degenerate because"}, {"start": "00:00:06", "end": "00:00:09", "text": "it was a lever trade where I would have"}, {"start": "00:00:07", "end": "00:00:11", "text": "lost a few million if it didn't go my"}, {"start": "00:00:09", "end": "00:00:14", "text": "way. You know what people don't see is"}, {"start": "00:00:11", "end": "00:00:16", "text": "the, you know, 100 plus hours of deep,"}, {"start": "00:00:14", "end": "00:00:19", "text": "deep research that went into that trade"}, {"start": "00:00:16", "end": "00:00:22", "text": "across every single data point that was"}, {"start": "00:00:19", "end": "00:00:25", "text": "available on Amazon and cloud computing"}, {"start": "00:00:22", "end": "00:00:28", "text": "and compute prices that quarter and even"}, {"start": "00:00:25", "end": "00:00:30", "text": "like deeply assessing what the"}, {"start": "00:00:28", "end": "00:00:32", "text": "management team was likely to say on"}, {"start": "00:00:30", "end": "00:00:34", "text": "that earnings call based on what"}, {"start": "00:00:32", "end": "00:00:36", "text": "Microsoft said 3 days earlier, right?"}, {"start": "00:00:34", "end": "00:00:39", "text": "And so like"}, {"start": "00:00:36", "end": "00:00:40", "text": ">> you I think are known for one thing but"}, {"start": "00:00:39", "end": "00:00:43", "text": "I know you for a completely different"}, {"start": "00:00:40", "end": "00:00:45", "text": "thing. Uh most people know you for the"}, {"start": "00:00:43", "end": "00:00:46", "text": "idea of kind of social arbitrage"}, {"start": "00:00:45", "end": "00:00:49", "text": "investing really understanding what's"}, {"start": "00:00:46", "end": "00:00:50", "text": "happening in the world in reality buying"}, {"start": "00:00:49", "end": "00:00:53", "text": "those stocks before kind of Wall Street"}, {"start": "00:00:50", "end": "00:00:54", "text": "figures that out. Um but you've been"}, {"start": "00:00:53", "end": "00:00:56", "text": "spending a ton of time and pouring a lot"}, {"start": "00:00:54", "end": "00:00:58", "text": "of your own personal money into"}, {"start": "00:00:56", "end": "00:01:00", "text": "robotics, humanoids, kind of the"}, {"start": "00:00:58", "end": "00:01:03", "text": "intersection of AI and and the physical"}, {"start": "00:01:00", "end": "00:01:04", "text": "world. Can you talk a little bit as to"}, {"start": "00:01:03", "end": "00:01:06", "text": "are those two things actually the same?"}, {"start": "00:01:04", "end": "00:01:07", "text": "Like do you see some arbitrage and"}, {"start": "00:01:06", "end": "00:01:09", "text": "you're like, \"Hey, this is going to"}, {"start": "00:01:07", "end": "00:01:10", "text": "happen, but the world hasn't figured it"}, {"start": "00:01:09", "end": "00:01:13", "text": "out yet.\""}, {"start": "00:01:10", "end": "00:01:15", "text": ">> I mean, I I I think about what I do as"}, {"start": "00:01:13", "end": "00:01:18", "text": "being completely and purely"}, {"start": "00:01:15", "end": "00:01:21", "text": "opportunistic in terms of information"}, {"start": "00:01:18", "end": "00:01:23", "text": "asymmetry. I mean, I spent the entirety"}, {"start": "00:01:21", "end": "00:01:27", "text": "of the last 20 years"}, {"start": "00:01:23", "end": "00:01:29", "text": "essentially just trying to detect any"}, {"start": "00:01:27", "end": "00:01:30", "text": "change that's happening in the world a"}, {"start": "00:01:29", "end": "00:01:33", "text": "little bit quicker than others. And you"}, {"start": "00:01:30", "end": "00:01:36", "text": "know, I use that word change loosely cuz"}, {"start": "00:01:33", "end": "00:01:38", "text": "like in the past, uh, it's meant change"}, {"start": "00:01:36", "end": "00:01:41", "text": "in consumer behavior. It's meant change"}, {"start": "00:01:38", "end": "00:01:45", "text": "in culture. It could be changes in"}, {"start": "00:01:41", "end": "00:01:48", "text": "politics, in in in weather. Uh, but"}, {"start": "00:01:45", "end": "00:01:50", "text": "recently, the last four years, it's all"}, {"start": "00:01:48", "end": "00:01:54", "text": "been about technology, right? So,"}, {"start": "00:01:50", "end": "00:01:56", "text": "changes in technology. I always say that"}, {"start": "00:01:54", "end": "00:01:58", "text": "the larger the change, the bigger the"}, {"start": "00:01:56", "end": "00:02:02", "text": "opportunity, the faster that change is"}, {"start": "00:01:58", "end": "00:02:04", "text": "coming at us. the bigger opportunity"}, {"start": "00:02:02", "end": "00:02:07", "text": "and there's never been a bigger change"}, {"start": "00:02:04", "end": "00:02:11", "text": "that's hitting us as quickly as this age"}, {"start": "00:02:07", "end": "00:02:13", "text": "of AI. So, you know what I do as an"}, {"start": "00:02:11", "end": "00:02:15", "text": "observational investor or social herb"}, {"start": "00:02:13", "end": "00:02:17", "text": "investor is I try to detect change and I"}, {"start": "00:02:15", "end": "00:02:19", "text": "try to connect dots quicker than anyone"}, {"start": "00:02:17", "end": "00:02:23", "text": "else. It's really that simple to"}, {"start": "00:02:19", "end": "00:02:27", "text": "investable opportunities and I just try"}, {"start": "00:02:23", "end": "00:02:32", "text": "to stay hyper opportunistic about that."}, {"start": "00:02:27", "end": "00:02:33", "text": "I don't have a framework. I wasn't a"}, {"start": "00:02:32", "end": "00:02:37", "text": "physical"}, {"start": "00:02:33", "end": "00:02:41", "text": "um AI investor, you know, embodied AI"}, {"start": "00:02:37", "end": "00:02:45", "text": "investor prior to humanoid robotics. I"}, {"start": "00:02:41", "end": "00:02:47", "text": "had zero experience in that world, but I"}, {"start": "00:02:45", "end": "00:02:51", "text": "cast a really wide net at the top of my"}, {"start": "00:02:47", "end": "00:02:52", "text": "funnel. And because I only work for"}, {"start": "00:02:51", "end": "00:02:56", "text": "myself, as you know, I'm invested in"}, {"start": "00:02:52", "end": "00:02:58", "text": "about 180 early stage companies. Uh"}, {"start": "00:02:56", "end": "00:03:01", "text": "although I'm primarily focused on public"}, {"start": "00:02:58", "end": "00:03:04", "text": "equity markets, I can do anything I want"}, {"start": "00:03:01", "end": "00:03:06", "text": "whenever I want. So tomorrow I can wake"}, {"start": "00:03:04", "end": "00:03:08", "text": "up and say I'm going to laser focus on"}, {"start": "00:03:06", "end": "00:03:11", "text": "this one thing for the next 6 months and"}, {"start": "00:03:08", "end": "00:03:12", "text": "not do anything else. And if I just try"}, {"start": "00:03:11", "end": "00:03:15", "text": "decide to change my mind a month into"}, {"start": "00:03:12", "end": "00:03:17", "text": "that, I'll effing change my mind and"}, {"start": "00:03:15", "end": "00:03:18", "text": "I'll become a crypto guy like whatever"}, {"start": "00:03:17", "end": "00:03:21", "text": "whatever I want to do. And I think that"}, {"start": "00:03:18", "end": "00:03:23", "text": "provides the maximum opportunity because"}, {"start": "00:03:21", "end": "00:03:25", "text": "so much of institutional Wall Street as"}, {"start": "00:03:23", "end": "00:03:27", "text": "you know has to work within a framework."}, {"start": "00:03:25", "end": "00:03:30", "text": "They have to work within an area of"}, {"start": "00:03:27", "end": "00:03:32", "text": "expertise. They have they're handcuffed,"}, {"start": "00:03:30", "end": "00:03:35", "text": "right? I have complete and utter freedom"}, {"start": "00:03:32", "end": "00:03:37", "text": "to chase the opportunity that's in front"}, {"start": "00:03:35", "end": "00:03:39", "text": "of us. And dude, I'm telling you right"}, {"start": "00:03:37", "end": "00:03:41", "text": "now, I said this what, four years ago,"}, {"start": "00:03:39", "end": "00:03:44", "text": "three and a half years ago,"}, {"start": "00:03:41", "end": "00:03:47", "text": "the day I got on chat GPT for the first"}, {"start": "00:03:44", "end": "00:03:49", "text": "time. Nothing comes even close to what"}, {"start": "00:03:47", "end": "00:03:52", "text": "we're seeing right now. That said, I"}, {"start": "00:03:49", "end": "00:03:54", "text": "know you mentioned robotics."}, {"start": "00:03:52", "end": "00:03:56", "text": "We're years away, but that will be the"}, {"start": "00:03:54", "end": "00:03:59", "text": "biggest thing that humanity ever sees."}, {"start": "00:03:56", "end": "00:04:01", "text": "Like embodied AI, robotics, humanoids,"}, {"start": "00:03:59", "end": "00:04:04", "text": "all the stuff."}, {"start": "00:04:01", "end": "00:04:05", "text": "It's years out. Don't believe what all"}, {"start": "00:04:04", "end": "00:04:07", "text": "the hype tells you. like we're not going"}, {"start": "00:04:05", "end": "00:04:09", "text": "to have robots doing all the stuff next"}, {"start": "00:04:07", "end": "00:04:12", "text": "year or the year after or the year"}, {"start": "00:04:09", "end": "00:04:14", "text": "after. Believe me, I'm probably deeper"}, {"start": "00:04:12", "end": "00:04:16", "text": "in this space than anyone in the world"}, {"start": "00:04:14", "end": "00:04:18", "text": "of finance. Uh deployment is an"}, {"start": "00:04:16", "end": "00:04:20", "text": "exceptionally difficult thing to achieve"}, {"start": "00:04:18", "end": "00:04:22", "text": "when it comes to generalized robotics."}, {"start": "00:04:20", "end": "00:04:24", "text": "It's never been done before. Uh we're"}, {"start": "00:04:22", "end": "00:04:26", "text": "going to learn a lot over the next 5 to"}, {"start": "00:04:24", "end": "00:04:29", "text": "10 years. But when it happens, and it"}, {"start": "00:04:26", "end": "00:04:32", "text": "will happen slowly, kind of like"}, {"start": "00:04:29", "end": "00:04:33", "text": "autonomous cars happened meaningfully"}, {"start": "00:04:32", "end": "00:04:36", "text": "more slowly than anyone would have"}, {"start": "00:04:33", "end": "00:04:40", "text": "anticipated, including Elon and all the"}, {"start": "00:04:36", "end": "00:04:43", "text": "Tesla guys. But it's starting to happen,"}, {"start": "00:04:40", "end": "00:04:44", "text": "and when it happens, it will be bigger"}, {"start": "00:04:43", "end": "00:04:46", "text": "than anything we've ever seen in our"}, {"start": "00:04:44", "end": "00:04:48", "text": "lifetime."}, {"start": "00:04:46", "end": "00:04:50", "text": ">> You mentioned changing your mind, which"}, {"start": "00:04:48", "end": "00:04:52", "text": "I think is a very fascinating uh kind of"}, {"start": "00:04:50", "end": "00:04:54", "text": "exercise. It's very difficult for most"}, {"start": "00:04:52", "end": "00:04:57", "text": "people in this room to do that because"}, {"start": "00:04:54", "end": "00:04:59", "text": "it requires you to one go from something"}, {"start": "00:04:57", "end": "00:05:02", "text": "I believed in to maybe I don't believe"}, {"start": "00:04:59", "end": "00:05:04", "text": "in it as much. And it could happen by"}, {"start": "00:05:02", "end": "00:05:05", "text": "I'm running towards something new. So I"}, {"start": "00:05:04", "end": "00:05:08", "text": "see a bigger opportunity, a better"}, {"start": "00:05:05", "end": "00:05:10", "text": "asymmetric thing. Or it could be I want"}, {"start": "00:05:08", "end": "00:05:12", "text": "to run away from the thing that I"}, {"start": "00:05:10", "end": "00:05:15", "text": "thought was true and is no longer true."}, {"start": "00:05:12", "end": "00:05:17", "text": "How have you learned to change your mind"}, {"start": "00:05:15", "end": "00:05:18", "text": "and do it with such conviction that you"}, {"start": "00:05:17", "end": "00:05:20", "text": "can actually not only change your mind,"}, {"start": "00:05:18", "end": "00:05:22", "text": "but that you change your portfolio as a"}, {"start": "00:05:20", "end": "00:05:24", "text": "result? I I would say it's one of the"}, {"start": "00:05:22", "end": "00:05:26", "text": "things I'm most proud of that has been"}, {"start": "00:05:24", "end": "00:05:27", "text": "one of the most difficult things to"}, {"start": "00:05:26", "end": "00:05:30", "text": "accomplish as an investor over the"}, {"start": "00:05:27", "end": "00:05:33", "text": "course of my multi-deade journey as an"}, {"start": "00:05:30", "end": "00:05:37", "text": "investor, especially as an investor"}, {"start": "00:05:33", "end": "00:05:39", "text": "who's very public on YouTube and X and"}, {"start": "00:05:37", "end": "00:05:42", "text": "talking about almost everything that I"}, {"start": "00:05:39", "end": "00:05:44", "text": "do. Uh I'm always kind of questioning"}, {"start": "00:05:42", "end": "00:05:48", "text": "the counternarrative. I'm always looking"}, {"start": "00:05:44", "end": "00:05:51", "text": "for the best case against my thesis and"}, {"start": "00:05:48", "end": "00:05:53", "text": "I'm re-evaluating that on a daily basis."}, {"start": "00:05:51", "end": "00:05:56", "text": "You know, there was a trade I made, I"}, {"start": "00:05:53", "end": "00:05:59", "text": "don't know, a year or two ago on"}, {"start": "00:05:56", "end": "00:06:02", "text": "Lululemon and it was based on Google"}, {"start": "00:05:59", "end": "00:06:04", "text": "Trends data. I I have been monitoring"}, {"start": "00:06:02", "end": "00:06:06", "text": "Google Trends data from the day that it"}, {"start": "00:06:04", "end": "00:06:08", "text": "first came out, I don't know, 17 years"}, {"start": "00:06:06", "end": "00:06:11", "text": "ago. I'm fairly well known as probably"}, {"start": "00:06:08", "end": "00:06:13", "text": "one of the best Google trend an analyst"}, {"start": "00:06:11", "end": "00:06:14", "text": "I think in the world. Like I probably"}, {"start": "00:06:13", "end": "00:06:17", "text": "spent more time on Google trend data"}, {"start": "00:06:14", "end": "00:06:21", "text": "than anyone I know in finance. And there"}, {"start": "00:06:17", "end": "00:06:24", "text": "I think it was like the summer of 25 we"}, {"start": "00:06:21", "end": "00:06:25", "text": "saw anomalies in the data set that we"}, {"start": "00:06:24", "end": "00:06:28", "text": "had never seen before. It was"}, {"start": "00:06:25", "end": "00:06:30", "text": "astonishing and it was across a bunch of"}, {"start": "00:06:28", "end": "00:06:33", "text": "different brands. Lulu just happened to"}, {"start": "00:06:30", "end": "00:06:36", "text": "be one of them. Uh if you were going on"}, {"start": "00:06:33", "end": "00:06:38", "text": "that data alone, it was an unprecedented"}, {"start": "00:06:36", "end": "00:06:40", "text": "quarter for Lululemon. We saw spikes"}, {"start": "00:06:38", "end": "00:06:42", "text": "that were just never achievable"}, {"start": "00:06:40", "end": "00:06:45", "text": "midsummer. spikes that don't even rarely"}, {"start": "00:06:42", "end": "00:06:48", "text": "even happen during the holiday season."}, {"start": "00:06:45", "end": "00:06:51", "text": "And we made an investment, you know, on"}, {"start": "00:06:48", "end": "00:06:55", "text": "that, a pretty heavy investment call on"}, {"start": "00:06:51", "end": "00:06:59", "text": "that on Lulu. And then about, I don't"}, {"start": "00:06:55", "end": "00:07:02", "text": "know, 10 days later realized that the"}, {"start": "00:06:59", "end": "00:07:05", "text": "entire Google Trend data set had been"}, {"start": "00:07:02", "end": "00:07:07", "text": "corrupted by AI AI queries. I wrote"}, {"start": "00:07:05", "end": "00:07:09", "text": "articles about it. No one believed me."}, {"start": "00:07:07", "end": "00:07:11", "text": "To this day, they still don't believe"}, {"start": "00:07:09", "end": "00:07:13", "text": "me, but it's still going on today. I"}, {"start": "00:07:11", "end": "00:07:15", "text": "essentially have more or less not used"}, {"start": "00:07:13", "end": "00:07:16", "text": "Google Trends since last summer because"}, {"start": "00:07:15", "end": "00:07:17", "text": "of this."}, {"start": "00:07:16", "end": "00:07:19", "text": ">> Let's go a little bit deeper on this for"}, {"start": "00:07:17", "end": "00:07:21", "text": "a second just to kind of set the scene"}, {"start": "00:07:19", "end": "00:07:22", "text": "here. So, you're monitoring Google"}, {"start": "00:07:21", "end": "00:07:23", "text": "Trends in general."}, {"start": "00:07:22", "end": "00:07:25", "text": ">> We're looking at search patterns on all"}, {"start": "00:07:23", "end": "00:07:27", "text": "the products that Lulu sells."}, {"start": "00:07:25", "end": "00:07:28", "text": ">> Okay. You see a huge spike,"}, {"start": "00:07:27", "end": "00:07:32", "text": ">> massive."}, {"start": "00:07:28", "end": "00:07:34", "text": ">> Okay. And you say spike equals increased"}, {"start": "00:07:32", "end": "00:07:35", "text": "sales, which equals beat, which equals"}, {"start": "00:07:34", "end": "00:07:38", "text": "higher stock price. M"}, {"start": "00:07:35", "end": "00:07:40", "text": ">> and so you go and you put a position on."}, {"start": "00:07:38", "end": "00:07:42", "text": ">> How do you uncover that it's not an"}, {"start": "00:07:40", "end": "00:07:44", "text": "organic spike"}, {"start": "00:07:42", "end": "00:07:46", "text": ">> once you start building the full data"}, {"start": "00:07:44", "end": "00:07:49", "text": "matrix of all the other data points that"}, {"start": "00:07:46", "end": "00:07:51", "text": "should theoretically be aligned with"}, {"start": "00:07:49", "end": "00:07:53", "text": "what you're seeing on one data source."}, {"start": "00:07:51", "end": "00:07:55", "text": "Nothing else aligned. Okay, so that was"}, {"start": "00:07:53", "end": "00:07:57", "text": "a huge red flag. Then we started to"}, {"start": "00:07:55", "end": "00:07:59", "text": "figure out why are they not aligned?"}, {"start": "00:07:57", "end": "00:08:01", "text": "What other is this a corrupted data set?"}, {"start": "00:07:59", "end": "00:08:03", "text": "We looked at similar types of queries"}, {"start": "00:08:01", "end": "00:08:05", "text": "that had nothing to do with Lulu and"}, {"start": "00:08:03", "end": "00:08:07", "text": "they were all started spiking around the"}, {"start": "00:08:05", "end": "00:08:09", "text": "same time within a couple weeks."}, {"start": "00:08:07", "end": "00:08:12", "text": "Something had happened where they had"}, {"start": "00:08:09", "end": "00:08:16", "text": "switched. It was I think it was chat GPT"}, {"start": "00:08:12", "end": "00:08:17", "text": "had started gaining access to queries on"}, {"start": "00:08:16", "end": "00:08:20", "text": "Google and they started getting counted"}, {"start": "00:08:17", "end": "00:08:23", "text": "and registered. So the entire entire"}, {"start": "00:08:20", "end": "00:08:25", "text": "data set got corrupted. So I had to come"}, {"start": "00:08:23", "end": "00:08:28", "text": "out and basically say now I'm I'm out of"}, {"start": "00:08:25", "end": "00:08:30", "text": "that trade right now. Most people see"}, {"start": "00:08:28", "end": "00:08:31", "text": "you when you get in a trade. They rarely"}, {"start": "00:08:30", "end": "00:08:32", "text": "listen to you when you get out of a"}, {"start": "00:08:31", "end": "00:08:35", "text": "trade. Like it was like and of course"}, {"start": "00:08:32", "end": "00:08:38", "text": "Lulu completely got destroyed on"}, {"start": "00:08:35", "end": "00:08:41", "text": "earnings that that quarter last summer."}, {"start": "00:08:38", "end": "00:08:43", "text": "Not this summer, but last summer. And"}, {"start": "00:08:41", "end": "00:08:45", "text": "most investors just wouldn't do that."}, {"start": "00:08:43", "end": "00:08:46", "text": "Like it's crazy. Like like I I tell"}, {"start": "00:08:45", "end": "00:08:48", "text": "investors like once they get in a"}, {"start": "00:08:46", "end": "00:08:50", "text": "thesis, they can't get out of it. Like"}, {"start": "00:08:48", "end": "00:08:53", "text": "they cannot ingest new information that"}, {"start": "00:08:50", "end": "00:08:55", "text": "hits them. It's like you have a thesis,"}, {"start": "00:08:53", "end": "00:08:58", "text": "you test it, you continue to test it,"}, {"start": "00:08:55", "end": "00:09:00", "text": "then new information surfaces that all"}, {"start": "00:08:58", "end": "00:09:02", "text": "of a sudden makes your thesis fall"}, {"start": "00:09:00", "end": "00:09:04", "text": "apart, but because they've been vocal"}, {"start": "00:09:02", "end": "00:09:05", "text": "about it, whether to themselves, their"}, {"start": "00:09:04", "end": "00:09:06", "text": "friends, in their head, they already"}, {"start": "00:09:05", "end": "00:09:08", "text": "have this thing where they think they're"}, {"start": "00:09:06", "end": "00:09:10", "text": "going to make a bunch of money off of"}, {"start": "00:09:08", "end": "00:09:13", "text": "it, especially with content creators,"}, {"start": "00:09:10", "end": "00:09:15", "text": "they refuse to like say, \"Hey, I now"}, {"start": "00:09:13", "end": "00:09:17", "text": "have new information and my thesis is no"}, {"start": "00:09:15", "end": "00:09:19", "text": "longer valid. It's wrong, and I'm going"}, {"start": "00:09:17", "end": "00:09:21", "text": "to exit out of the trade even though"}, {"start": "00:09:19", "end": "00:09:23", "text": "maybe I'm down, right? That is one of"}, {"start": "00:09:21", "end": "00:09:25", "text": "the most difficult things for an"}, {"start": "00:09:23", "end": "00:09:28", "text": "investor to do. Institutional, retail,"}, {"start": "00:09:25", "end": "00:09:30", "text": "doesn't matter. I it took me"}, {"start": "00:09:28", "end": "00:09:32", "text": "two decades to be able to have the"}, {"start": "00:09:30", "end": "00:09:35", "text": "strength to do that. Um, but it's one of"}, {"start": "00:09:32", "end": "00:09:37", "text": "the most important attributes of a great"}, {"start": "00:09:35", "end": "00:09:39", "text": "investor is to let the information"}, {"start": "00:09:37", "end": "00:09:40", "text": "follow the information as it as it's"}, {"start": "00:09:39", "end": "00:09:41", "text": "shifting."}, {"start": "00:09:40", "end": "00:09:43", "text": ">> So, if you're looking at Google trend"}, {"start": "00:09:41", "end": "00:09:45", "text": "data, let's just call that somewhat"}, {"start": "00:09:43", "end": "00:09:47", "text": "quantifiable data. If it doesn't line,"}, {"start": "00:09:45", "end": "00:09:49", "text": "it's kind of math, right? Then you start"}, {"start": "00:09:47", "end": "00:09:51", "text": "to ask questions. What about when you're"}, {"start": "00:09:49", "end": "00:09:53", "text": "doing more of the like reading Tik Tok"}, {"start": "00:09:51", "end": "00:09:55", "text": "comments or things that are maybe more"}, {"start": "00:09:53", "end": "00:09:58", "text": "uh less quantifiable, more, you know,"}, {"start": "00:09:55", "end": "00:10:00", "text": "kind of quantit or um um qualitative in"}, {"start": "00:09:58", "end": "00:10:02", "text": "the sense of it's a little bit harder to"}, {"start": "00:10:00", "end": "00:10:04", "text": "know is this shifting? Do you just have"}, {"start": "00:10:02", "end": "00:10:06", "text": "like a feel for like, hey, I'm seeing"}, {"start": "00:10:04", "end": "00:10:09", "text": "less comments or or what happens there?"}, {"start": "00:10:06", "end": "00:10:11", "text": "I yeah I basically is if you yall don't"}, {"start": "00:10:09", "end": "00:10:14", "text": "know me I basically built my entire"}, {"start": "00:10:11", "end": "00:10:17", "text": "career on uh conversational data sets"}, {"start": "00:10:14", "end": "00:10:19", "text": "which is a concept that if you're trying"}, {"start": "00:10:17", "end": "00:10:22", "text": "to detect change in the world quicker"}, {"start": "00:10:19", "end": "00:10:24", "text": "than others where is the origin point"}, {"start": "00:10:22", "end": "00:10:27", "text": "where is the earliest point where you"}, {"start": "00:10:24", "end": "00:10:29", "text": "can detect that change? Most hedge funds"}, {"start": "00:10:27", "end": "00:10:32", "text": "rely on transactional data sets credit"}, {"start": "00:10:29", "end": "00:10:34", "text": "card data swipe data right uh what do"}, {"start": "00:10:32", "end": "00:10:35", "text": "people do before they buy something?"}, {"start": "00:10:34", "end": "00:10:38", "text": "What do people do before they take the"}, {"start": "00:10:35", "end": "00:10:40", "text": "trip? Uh before they change their"}, {"start": "00:10:38", "end": "00:10:42", "text": "behavior,"}, {"start": "00:10:40", "end": "00:10:45", "text": "they speak about it. They speak about it"}, {"start": "00:10:42", "end": "00:10:50", "text": "before and during. So conversational"}, {"start": "00:10:45", "end": "00:10:52", "text": "data will always be the earliest data"}, {"start": "00:10:50", "end": "00:10:54", "text": "point an investor will ever have access"}, {"start": "00:10:52", "end": "00:10:56", "text": "to. And it's free, right? Like so I"}, {"start": "00:10:54", "end": "00:10:58", "text": "spend the majority of my time the last"}, {"start": "00:10:56", "end": "00:11:01", "text": "decade decade reading comments on videos"}, {"start": "00:10:58", "end": "00:11:04", "text": "mostly Tik Tok because that's where most"}, {"start": "00:11:01", "end": "00:11:06", "text": "of the organic raw conversations are"}, {"start": "00:11:04", "end": "00:11:09", "text": "happening. The problem with"}, {"start": "00:11:06", "end": "00:11:11", "text": "conversational data is that it's highly"}, {"start": "00:11:09", "end": "00:11:15", "text": "interpretable and it doesn't have an"}, {"start": "00:11:11", "end": "00:11:17", "text": "historical correlated history to any you"}, {"start": "00:11:15", "end": "00:11:19", "text": "know revenue point at a company right"}, {"start": "00:11:17", "end": "00:11:22", "text": "because it's it it even the way you"}, {"start": "00:11:19", "end": "00:11:24", "text": "speak changes over time so it's it's"}, {"start": "00:11:22", "end": "00:11:26", "text": "very difficult but if I find something"}, {"start": "00:11:24", "end": "00:11:30", "text": "in conversational data that leads to me"}, {"start": "00:11:26", "end": "00:11:32", "text": "to believe that people are changing"}, {"start": "00:11:30", "end": "00:11:33", "text": "their behavior or their buying patterns"}, {"start": "00:11:32", "end": "00:11:35", "text": "or there's something happening with"}, {"start": "00:11:33", "end": "00:11:38", "text": "technology it's not always consumer"}, {"start": "00:11:35", "end": "00:11:41", "text": "stuff. Sometimes it could be developers"}, {"start": "00:11:38", "end": "00:11:44", "text": "talking about going on cloud. That's how"}, {"start": "00:11:41", "end": "00:11:46", "text": "I invested in AWS, I don't know, 13"}, {"start": "00:11:44", "end": "00:11:48", "text": "years ago in Amazon. It could be people"}, {"start": "00:11:46", "end": "00:11:51", "text": "right now speaking about their use of"}, {"start": "00:11:48", "end": "00:11:53", "text": "AI, right, at incumbent companies. if"}, {"start": "00:11:51", "end": "00:11:57", "text": "you're trying to really detect the speed"}, {"start": "00:11:53", "end": "00:12:00", "text": "at which AI is really uh meaningfully"}, {"start": "00:11:57", "end": "00:12:02", "text": "being adopted across the spectrum of of"}, {"start": "00:12:00", "end": "00:12:04", "text": "the of the world economy."}, {"start": "00:12:02", "end": "00:12:07", "text": "That's just one data point, right? That"}, {"start": "00:12:04", "end": "00:12:09", "text": "that you build a thesis off that. There"}, {"start": "00:12:07", "end": "00:12:11", "text": "could be 15 other data points now that"}, {"start": "00:12:09", "end": "00:12:13", "text": "you want to build a matrix off of. It"}, {"start": "00:12:11", "end": "00:12:15", "text": "could be search data. It could be"}, {"start": "00:12:13", "end": "00:12:18", "text": "website traffic. It could be going out"}, {"start": "00:12:15", "end": "00:12:20", "text": "and interviewing store managers uh or"}, {"start": "00:12:18", "end": "00:12:22", "text": "actually seeing things in the real"}, {"start": "00:12:20", "end": "00:12:25", "text": "world. uh it could be transactional"}, {"start": "00:12:22", "end": "00:12:27", "text": "data, credit card swipe data. So you"}, {"start": "00:12:25", "end": "00:12:29", "text": "want to build that data matrix and you"}, {"start": "00:12:27", "end": "00:12:33", "text": "want to generally see how many aligning"}, {"start": "00:12:29", "end": "00:12:35", "text": "data points exist, right? And and that"}, {"start": "00:12:33", "end": "00:12:38", "text": "defines the degree of conviction you"}, {"start": "00:12:35", "end": "00:12:40", "text": "have in a trade. So the trade that was"}, {"start": "00:12:38", "end": "00:12:43", "text": "the biggest trade of my life last"}, {"start": "00:12:40", "end": "00:12:44", "text": "quarter on Amazon, it was the I' I've"}, {"start": "00:12:43", "end": "00:12:47", "text": "done shows about this. I made 10 million"}, {"start": "00:12:44", "end": "00:12:49", "text": "in one day trading Amazon options on the"}, {"start": "00:12:47", "end": "00:12:50", "text": "on earnings and everyone called me a"}, {"start": "00:12:49", "end": "00:12:53", "text": "degenerate because it was a lever trade"}, {"start": "00:12:50", "end": "00:12:56", "text": "where I would have lost a few million if"}, {"start": "00:12:53", "end": "00:12:58", "text": "it didn't go my way. Um, you know, what"}, {"start": "00:12:56", "end": "00:13:01", "text": "people don't see is that, you know, 100"}, {"start": "00:12:58", "end": "00:13:04", "text": "plus hours of deep, deep research that"}, {"start": "00:13:01", "end": "00:13:06", "text": "went into that trade across every single"}, {"start": "00:13:04", "end": "00:13:09", "text": "data point that was available on Amazon"}, {"start": "00:13:06", "end": "00:13:13", "text": "and cloud computing and compute prices"}, {"start": "00:13:09", "end": "00:13:15", "text": "that quarter and even like deeply"}, {"start": "00:13:13", "end": "00:13:17", "text": "assessing what the management team was"}, {"start": "00:13:15", "end": "00:13:19", "text": "likely to say on that earnings call"}, {"start": "00:13:17", "end": "00:13:22", "text": "based on what Microsoft said 3 days"}, {"start": "00:13:19", "end": "00:13:24", "text": "earlier, right? And so, like, people"}, {"start": "00:13:22", "end": "00:13:26", "text": "don't understand to have that level of"}, {"start": "00:13:24", "end": "00:13:29", "text": "conviction where you're willing to put"}, {"start": "00:13:26", "end": "00:13:32", "text": "10% of your liquid net worth on a trade"}, {"start": "00:13:29", "end": "00:13:34", "text": "that's going to disappear in 24 hours if"}, {"start": "00:13:32", "end": "00:13:37", "text": "you're not right. An options trade,"}, {"start": "00:13:34", "end": "00:13:39", "text": "obviously, right? Uh, I'm willing to do"}, {"start": "00:13:37", "end": "00:13:41", "text": "that, but I'm only willing to do that"}, {"start": "00:13:39", "end": "00:13:44", "text": "when I put a 100 hours into something."}, {"start": "00:13:41", "end": "00:13:45", "text": "So, I hope you're enjoying this"}, {"start": "00:13:44", "end": "00:13:47", "text": "conversation. But before we continue,"}, {"start": "00:13:45", "end": "00:13:49", "text": "most of you know I live in New York"}, {"start": "00:13:47", "end": "00:13:51", "text": "City. And when I try to go to sleep, it"}, {"start": "00:13:49", "end": "00:13:53", "text": "is noisy as hell outside. There's"}, {"start": "00:13:51", "end": "00:13:54", "text": "trucks, there's sirens, there's all"}, {"start": "00:13:53", "end": "00:13:56", "text": "kinds of noise, including people just"}, {"start": "00:13:54", "end": "00:13:58", "text": "yelling and screaming for no damn reason"}, {"start": "00:13:56", "end": "00:14:00", "text": "late at night. That's why I'm so excited"}, {"start": "00:13:58", "end": "00:14:02", "text": "to tell you about the Fit Nexa Somni"}, {"start": "00:14:00", "end": "00:14:04", "text": "Pods 3. These are earbuds that you sleep"}, {"start": "00:14:02", "end": "00:14:06", "text": "with, and they're actually built for"}, {"start": "00:14:04", "end": "00:14:08", "text": "sleep, not just for music. They've got"}, {"start": "00:14:06", "end": "00:14:10", "text": "up to 42 dB of total noise reduction."}, {"start": "00:14:08", "end": "00:14:11", "text": "So, if you got a snoring partner, city"}, {"start": "00:14:10", "end": "00:14:13", "text": "noise, or you just can't shut off your"}, {"start": "00:14:11", "end": "00:14:15", "text": "brain at night, these are built to"}, {"start": "00:14:13", "end": "00:14:17", "text": "cancel that all out. They're ultra thin,"}, {"start": "00:14:15", "end": "00:14:19", "text": "and if you're a side sleeper, you're not"}, {"start": "00:14:17", "end": "00:14:21", "text": "fighting a bulky earbud all night."}, {"start": "00:14:19", "end": "00:14:22", "text": "There's a private alarm built in, too,"}, {"start": "00:14:21", "end": "00:14:24", "text": "so you can wake up on time without"}, {"start": "00:14:22", "end": "00:14:25", "text": "waking up whoever's next to you. And I"}, {"start": "00:14:24", "end": "00:14:28", "text": "know some of y'all, y'all got people"}, {"start": "00:14:25", "end": "00:14:29", "text": "next to you. And the app, it has an AI"}, {"start": "00:14:28", "end": "00:14:30", "text": "sleep coach that actually tracks how you"}, {"start": "00:14:29", "end": "00:14:33", "text": "slept, and it gives you [music] real"}, {"start": "00:14:30", "end": "00:14:35", "text": "feedback on it. These come with a 30ight"}, {"start": "00:14:33", "end": "00:14:37", "text": "trial, so there's no risk. to try it"}, {"start": "00:14:35", "end": "00:14:39", "text": "out. You can go to fitnexa.com and use"}, {"start": "00:14:37", "end": "00:14:42", "text": "code pomp10 to get money off on your"}, {"start": "00:14:39", "end": "00:14:44", "text": "first purchase. Like I said, if I needed"}, {"start": "00:14:42", "end": "00:14:45", "text": "these to go to sleep in the city, then"}, {"start": "00:14:44", "end": "00:14:47", "text": "my guess is that you'll probably find"}, {"start": "00:14:45", "end": "00:14:50", "text": "them valuable as well. Go check them out"}, {"start": "00:14:47", "end": "00:14:51", "text": "at fitnexa.com."}, {"start": "00:14:50", "end": "00:14:53", "text": "Doing something like that going into an"}, {"start": "00:14:51", "end": "00:14:55", "text": "earnings call. One of the areas that I'm"}, {"start": "00:14:53", "end": "00:14:57", "text": "very excited about is let's say that you"}, {"start": "00:14:55", "end": "00:15:00", "text": "had a op in on what was going to happen"}, {"start": "00:14:57", "end": "00:15:01", "text": "with AWS revenue. I'm boiling it down."}, {"start": "00:15:00", "end": "00:15:06", "text": "Let's just say that that was the the"}, {"start": "00:15:01", "end": "00:15:08", "text": "kind of bet and you buy the stock going"}, {"start": "00:15:06", "end": "00:15:12", "text": "into earnings because you think AWS"}, {"start": "00:15:08", "end": "00:15:14", "text": "revenue is going to beat but when that"}, {"start": "00:15:12", "end": "00:15:16", "text": "occurs all of a sudden the stock goes"}, {"start": "00:15:14", "end": "00:15:17", "text": "down because the CEO says something or"}, {"start": "00:15:16", "end": "00:15:20", "text": "some other part of the business is weak"}, {"start": "00:15:17", "end": "00:15:23", "text": "etc. The promise of the prediction"}, {"start": "00:15:20", "end": "00:15:25", "text": "markets if they become liquid enough"}, {"start": "00:15:23", "end": "00:15:27", "text": "would be you could actually isolate the"}, {"start": "00:15:25", "end": "00:15:30", "text": "economic data point of just is AWS"}, {"start": "00:15:27", "end": "00:15:32", "text": "revenue going to beat or not. Are you"}, {"start": "00:15:30", "end": "00:15:33", "text": "excited about being able to do that or"}, {"start": "00:15:32", "end": "00:15:35", "text": "do you think actually there's more"}, {"start": "00:15:33", "end": "00:15:38", "text": "opportunity by having the complexity of"}, {"start": "00:15:35", "end": "00:15:40", "text": "the stock price is not just AWS revenue"}, {"start": "00:15:38", "end": "00:15:42", "text": "it is made up of what they say on the"}, {"start": "00:15:40", "end": "00:15:44", "text": "earnings call the other business lines"}, {"start": "00:15:42", "end": "00:15:46", "text": "AWS kind of everything together."}, {"start": "00:15:44", "end": "00:15:47", "text": ">> I I think it's first of all I think it's"}, {"start": "00:15:46", "end": "00:15:51", "text": "awesome. I think it's super interesting."}, {"start": "00:15:47", "end": "00:15:53", "text": "I love it. Uh, but for me, if you're"}, {"start": "00:15:51", "end": "00:15:56", "text": "willing to like do the real work, it's"}, {"start": "00:15:53", "end": "00:15:58", "text": "it's the nuances and the complexity and"}, {"start": "00:15:56", "end": "00:16:01", "text": "the vagueness of what you think the"}, {"start": "00:15:58", "end": "00:16:04", "text": "marginal driver of action is going to be"}, {"start": "00:16:01", "end": "00:16:07", "text": "that day. That listen, I knew AD WFS was"}, {"start": "00:16:04", "end": "00:16:09", "text": "going to was going to beat based on my"}, {"start": "00:16:07", "end": "00:16:11", "text": "analysis. Most of the street did as"}, {"start": "00:16:09", "end": "00:16:12", "text": "well. I actually was a little more"}, {"start": "00:16:11", "end": "00:16:15", "text": "bullish than the rest of the street, but"}, {"start": "00:16:12", "end": "00:16:17", "text": "that was not the marginal driver of my"}, {"start": "00:16:15", "end": "00:16:19", "text": "conviction that day. The marginal driver"}, {"start": "00:16:17", "end": "00:16:24", "text": "of my conviction that day that made me"}, {"start": "00:16:19", "end": "00:16:28", "text": "place that trade was my confidence that"}, {"start": "00:16:24", "end": "00:16:32", "text": "Amazon management was going to"}, {"start": "00:16:28", "end": "00:16:35", "text": "uh address the capex issue headon on the"}, {"start": "00:16:32", "end": "00:16:38", "text": "earnings call and that based on what"}, {"start": "00:16:35", "end": "00:16:40", "text": "Microsoft had done two or three days"}, {"start": "00:16:38", "end": "00:16:42", "text": "earlier on their earnings call which"}, {"start": "00:16:40", "end": "00:16:44", "text": "went exceptionally well, they did the"}, {"start": "00:16:42", "end": "00:16:48", "text": "same thing. Microsoft addressed it and"}, {"start": "00:16:44", "end": "00:16:50", "text": "Microsoft got rewarded for it."}, {"start": "00:16:48", "end": "00:16:52", "text": "Jasse, I knew, listened to that call. He"}, {"start": "00:16:50", "end": "00:16:54", "text": "saw what they did. He's smart. I knew he"}, {"start": "00:16:52", "end": "00:16:56", "text": "would do the same thing in his own way."}, {"start": "00:16:54", "end": "00:16:58", "text": "And that's exactly what happened. Amazon"}, {"start": "00:16:56", "end": "00:17:01", "text": "came out and said, \"Listen, we're going"}, {"start": "00:16:58", "end": "00:17:05", "text": "to increase capex again from 200 to 220"}, {"start": "00:17:01", "end": "00:17:09", "text": "billion.\" But don't be concerned. Number"}, {"start": "00:17:05", "end": "00:17:10", "text": "one, 100% of that is accounted for in"}, {"start": "00:17:09", "end": "00:17:14", "text": "terms of we have demand for every penny"}, {"start": "00:17:10", "end": "00:17:17", "text": "of that capex. And even in the event"}, {"start": "00:17:14", "end": "00:17:18", "text": "that something some anomaly happens to"}, {"start": "00:17:17", "end": "00:17:20", "text": "where you know he was essentially"}, {"start": "00:17:18", "end": "00:17:22", "text": "referring to maybe someone like"}, {"start": "00:17:20", "end": "00:17:25", "text": "Anthropic or OI goes out of business or"}, {"start": "00:17:22", "end": "00:17:26", "text": "something like that, right? Like the"}, {"start": "00:17:25", "end": "00:17:27", "text": "majority of that commitment"}, {"start": "00:17:26", "end": "00:17:30", "text": "[clears throat]"}, {"start": "00:17:27", "end": "00:17:33", "text": "we hold very close to the vest right"}, {"start": "00:17:30", "end": "00:17:35", "text": "before the revenue hits. meaning like"}, {"start": "00:17:33", "end": "00:17:37", "text": "taking those final equipment deliveries."}, {"start": "00:17:35", "end": "00:17:41", "text": "So he goes, we have a tre we have"}, {"start": "00:17:37", "end": "00:17:44", "text": "flexibility, right? And so again, I knew"}, {"start": "00:17:41", "end": "00:17:48", "text": "he would address it because it was the"}, {"start": "00:17:44", "end": "00:17:50", "text": "exact thing that destroyed Amazon the"}, {"start": "00:17:48", "end": "00:17:52", "text": "previous quarter and for the previous"}, {"start": "00:17:50", "end": "00:17:54", "text": "four months, right? So it was the number"}, {"start": "00:17:52", "end": "00:17:56", "text": "one issue the company was having with"}, {"start": "00:17:54", "end": "00:17:58", "text": "investors."}, {"start": "00:17:56", "end": "00:18:02", "text": "He knew exactly how to address the"}, {"start": "00:17:58", "end": "00:18:04", "text": "issue. Microsoft had just done it. I"}, {"start": "00:18:02", "end": "00:18:06", "text": "thought it would be wild if he wasn't"}, {"start": "00:18:04", "end": "00:18:09", "text": "able to pull that off. He's not the type"}, {"start": "00:18:06", "end": "00:18:11", "text": "of CEO that's not measured. So again,"}, {"start": "00:18:09", "end": "00:18:13", "text": "while the rest while the very few"}, {"start": "00:18:11", "end": "00:18:14", "text": "investors are thinking like I think,"}, {"start": "00:18:13", "end": "00:18:17", "text": "right? Like how many investors were"}, {"start": "00:18:14", "end": "00:18:19", "text": "thinking so laser focused on that?"}, {"start": "00:18:17", "end": "00:18:21", "text": "Almost none. I can guarantee you, right?"}, {"start": "00:18:19", "end": "00:18:22", "text": "They're looking at numbers. They're"}, {"start": "00:18:21", "end": "00:18:24", "text": "looking at what's the number going to"}, {"start": "00:18:22", "end": "00:18:26", "text": "be? Are they going to beat? No, I know"}, {"start": "00:18:24", "end": "00:18:27", "text": "what's I know what's going to move that"}, {"start": "00:18:26", "end": "00:18:30", "text": "stock cuz I've been thinking about it"}, {"start": "00:18:27", "end": "00:18:33", "text": "every second of every day for 3 months."}, {"start": "00:18:30", "end": "00:18:37", "text": "And and that was my move. Okay. Even"}, {"start": "00:18:33", "end": "00:18:39", "text": "then, I knew that I didn't know what I"}, {"start": "00:18:37", "end": "00:18:40", "text": "didn't know. There were other factors"}, {"start": "00:18:39", "end": "00:18:42", "text": "that can come into play. I had to hold"}, {"start": "00:18:40", "end": "00:18:44", "text": "those options overnight. I didn't know"}, {"start": "00:18:42", "end": "00:18:45", "text": "what Trump was going to say about Iran"}, {"start": "00:18:44", "end": "00:18:48", "text": "that night. Who knows? The whole market"}, {"start": "00:18:45", "end": "00:18:49", "text": "could have fallen apart, you know, to"}, {"start": "00:18:48", "end": "00:18:52", "text": "the degree that earnings wouldn't have"}, {"start": "00:18:49", "end": "00:18:55", "text": "even mattered that much. So I told"}, {"start": "00:18:52", "end": "00:18:57", "text": "everyone like listen post trade there"}, {"start": "00:18:55", "end": "00:18:58", "text": "was still a 20% chance that trade was"}, {"start": "00:18:57", "end": "00:19:00", "text": "going to go down the wrong way even"}, {"start": "00:18:58", "end": "00:19:02", "text": "though I felt I had covered my basis and"}, {"start": "00:19:00", "end": "00:19:04", "text": "I had never had higher conviction in an"}, {"start": "00:19:02", "end": "00:19:07", "text": "earnings trade but there was still like"}, {"start": "00:19:04", "end": "00:19:08", "text": "an only an 80% shot of that trade"}, {"start": "00:19:07", "end": "00:19:10", "text": "working."}, {"start": "00:19:08", "end": "00:19:12", "text": ">> Let's talk about actually like executing"}, {"start": "00:19:10", "end": "00:19:13", "text": "the trade. You could have bought that a"}, {"start": "00:19:12", "end": "00:19:14", "text": "week before the earnings. You could have"}, {"start": "00:19:13", "end": "00:19:16", "text": "bought it the night before. You could"}, {"start": "00:19:14", "end": "00:19:18", "text": "have bought it the morning of. You could"}, {"start": "00:19:16", "end": "00:19:20", "text": "have bought it, you know, 20 minutes"}, {"start": "00:19:18", "end": "00:19:23", "text": "before the market close."}, {"start": "00:19:20", "end": "00:19:26", "text": "How long do you wait to make sure you"}, {"start": "00:19:23", "end": "00:19:28", "text": "have all the information necessary to do"}, {"start": "00:19:26", "end": "00:19:30", "text": "it? And I say that as like if you bought"}, {"start": "00:19:28", "end": "00:19:32", "text": "the options in the morning, something"}, {"start": "00:19:30", "end": "00:19:34", "text": "happens at noon, you may change your"}, {"start": "00:19:32", "end": "00:19:37", "text": "mind, but you also don't want to like"}, {"start": "00:19:34", "end": "00:19:38", "text": "359 it, you know, and like hope hope you"}, {"start": "00:19:37", "end": "00:19:40", "text": "sneak in. So, how do you think about the"}, {"start": "00:19:38", "end": "00:19:40", "text": "actual day of executing a trade like"}, {"start": "00:19:40", "end": "00:19:43", "text": "that?"}, {"start": "00:19:40", "end": "00:19:45", "text": ">> Well, everything's a trade-off. And I"}, {"start": "00:19:43", "end": "00:19:50", "text": "did buy options that expired the week"}, {"start": "00:19:45", "end": "00:19:52", "text": "before. Took a 100% loss. I was fairly"}, {"start": "00:19:50", "end": "00:19:55", "text": "confident"}, {"start": "00:19:52", "end": "00:19:57", "text": "uh that with Microsoft earnings, which"}, {"start": "00:19:55", "end": "00:20:00", "text": "killed"}, {"start": "00:19:57", "end": "00:20:02", "text": "that the Wednesday expiration was going"}, {"start": "00:20:00", "end": "00:20:04", "text": "to be the move. And I went all in on the"}, {"start": "00:20:02", "end": "00:20:07", "text": "Wednesday expiration."}, {"start": "00:20:04", "end": "00:20:10", "text": "Wild that it did not work out. Uh took a"}, {"start": "00:20:07", "end": "00:20:13", "text": "100% loss, a seven figure loss that day."}, {"start": "00:20:10", "end": "00:20:14", "text": "And I talked about this. My account was"}, {"start": "00:20:13", "end": "00:20:16", "text": "had been destroyed at that point because"}, {"start": "00:20:14", "end": "00:20:19", "text": "I had been getting crushed on Amazon for"}, {"start": "00:20:16", "end": "00:20:20", "text": "weeks. And so even with my account"}, {"start": "00:20:19", "end": "00:20:22", "text": "crushed, I decide to take I don't know,"}, {"start": "00:20:20", "end": "00:20:24", "text": "it was like another 10 or 15% of my"}, {"start": "00:20:22", "end": "00:20:26", "text": "liquid net worth and put it into that"}, {"start": "00:20:24", "end": "00:20:27", "text": "last trade going into earning. And"}, {"start": "00:20:26", "end": "00:20:29", "text": "that's why everyone called me a"}, {"start": "00:20:27", "end": "00:20:30", "text": "degenerate, right? Um"}, {"start": "00:20:29", "end": "00:20:30", "text": ">> you were going to make it back in one"}, {"start": "00:20:30", "end": "00:20:33", "text": "last trade."}, {"start": "00:20:30", "end": "00:20:37", "text": ">> But again, this is this is 6 to 8 months"}, {"start": "00:20:33", "end": "00:20:40", "text": "of work going into this trade. And I"}, {"start": "00:20:37", "end": "00:20:42", "text": "understood why it didn't work the week"}, {"start": "00:20:40", "end": "00:20:45", "text": "before and why it didn't work on that"}, {"start": "00:20:42", "end": "00:20:46", "text": "Wednesday. And so I decided to say, you"}, {"start": "00:20:45", "end": "00:20:49", "text": "know what, I'm going for it. I put it"}, {"start": "00:20:46", "end": "00:20:51", "text": "all in on Friday and of course the stock"}, {"start": "00:20:49", "end": "00:20:53", "text": "had been dropping so the options were"}, {"start": "00:20:51", "end": "00:20:56", "text": "cheaper. So I was able I think I was"}, {"start": "00:20:53", "end": "00:20:59", "text": "down 8 million and I made 11 million. So"}, {"start": "00:20:56", "end": "00:21:01", "text": "you know I I I made my money back that I"}, {"start": "00:20:59", "end": "00:21:03", "text": "had lost in the weeks and weeks and"}, {"start": "00:21:01", "end": "00:21:06", "text": "weeks prior including that Wednesday"}, {"start": "00:21:03", "end": "00:21:08", "text": "plus some. And I thought it would be"}, {"start": "00:21:06", "end": "00:21:10", "text": "irresponsible for me not to make that"}, {"start": "00:21:08", "end": "00:21:12", "text": "trade as crazy as that sounds with the"}, {"start": "00:21:10", "end": "00:21:14", "text": "work that I done because there are very"}, {"start": "00:21:12", "end": "00:21:16", "text": "few times when you have that type of"}, {"start": "00:21:14", "end": "00:21:19", "text": "conviction"}, {"start": "00:21:16", "end": "00:21:21", "text": "in a in a company in in a specific"}, {"start": "00:21:19", "end": "00:21:24", "text": "trade. It it it happens one to five"}, {"start": "00:21:21", "end": "00:21:26", "text": "times a year, right? It could be zero"}, {"start": "00:21:24", "end": "00:21:27", "text": "that whole year. So, I didn't know when"}, {"start": "00:21:26", "end": "00:21:30", "text": "the next one was going to come around."}, {"start": "00:21:27", "end": "00:21:33", "text": "It could be a month or a year. You're"}, {"start": "00:21:30", "end": "00:21:36", "text": "the perfect person to ask about cash"}, {"start": "00:21:33", "end": "00:21:37", "text": ">> because uh I think most people when they"}, {"start": "00:21:36", "end": "00:21:39", "text": "know your story, they see how you"}, {"start": "00:21:37", "end": "00:21:41", "text": "invest, they're like, he must be 100%"}, {"start": "00:21:39", "end": "00:21:44", "text": "invested at all times."}, {"start": "00:21:41", "end": "00:21:46", "text": ">> How do you think about using cash to"}, {"start": "00:21:44", "end": "00:21:50", "text": "wait for another idea, another trade, do"}, {"start": "00:21:46", "end": "00:21:52", "text": "research, risk manage? Like, do you hold"}, {"start": "00:21:50", "end": "00:21:54", "text": "cash in your portfolio? And how do you"}, {"start": "00:21:52", "end": "00:21:56", "text": "think about it? Yeah, I I think I think"}, {"start": "00:21:54", "end": "00:21:58", "text": "one of the biggest mistakes investors"}, {"start": "00:21:56", "end": "00:22:02", "text": "make is not properly bucketing their"}, {"start": "00:21:58", "end": "00:22:05", "text": "money uh for the objective of that"}, {"start": "00:22:02", "end": "00:22:07", "text": "particular account and the degree of"}, {"start": "00:22:05", "end": "00:22:09", "text": "risk that you're willing to take to"}, {"start": "00:22:07", "end": "00:22:13", "text": "achieve the reward that that is aligned"}, {"start": "00:22:09", "end": "00:22:15", "text": "with that account type. So um"}, {"start": "00:22:13", "end": "00:22:17", "text": "for this particular account which is my"}, {"start": "00:22:15", "end": "00:22:18", "text": "primary account which is the vast"}, {"start": "00:22:17", "end": "00:22:22", "text": "majority of how I invest in public"}, {"start": "00:22:18", "end": "00:22:25", "text": "equity markets I have a very specific"}, {"start": "00:22:22", "end": "00:22:27", "text": "objective which is very different from"}, {"start": "00:22:25", "end": "00:22:29", "text": "what other investor how what the"}, {"start": "00:22:27", "end": "00:22:33", "text": "objective of other investors you know"}, {"start": "00:22:29", "end": "00:22:35", "text": "I'm trying to generate 50 to 80%"}, {"start": "00:22:33", "end": "00:22:38", "text": "annualized returns which I have done now"}, {"start": "00:22:35", "end": "00:22:40", "text": "for 18 years in that account every year"}, {"start": "00:22:38", "end": "00:22:44", "text": "year in and year out and the Only way"}, {"start": "00:22:40", "end": "00:22:47", "text": "that I can achieve that is by"}, {"start": "00:22:44", "end": "00:22:50", "text": "taking concentrated levered bets when I"}, {"start": "00:22:47", "end": "00:22:54", "text": "have a high degree of conviction. So my"}, {"start": "00:22:50", "end": "00:22:57", "text": "account is generally levered 30 to 70%."}, {"start": "00:22:54", "end": "00:22:59", "text": "Uh there are times when I'm 100% levered"}, {"start": "00:22:57", "end": "00:23:03", "text": "and then there are times when I'm 100%"}, {"start": "00:22:59", "end": "00:23:06", "text": "levered and things don't go well and I'm"}, {"start": "00:23:03", "end": "00:23:09", "text": "getting margin called on the daily and I"}, {"start": "00:23:06", "end": "00:23:11", "text": "still have exceptionally high conviction"}, {"start": "00:23:09", "end": "00:23:13", "text": "and I have to take money out and start"}, {"start": "00:23:11", "end": "00:23:15", "text": "buying options, right? So it's like I'm"}, {"start": "00:23:13", "end": "00:23:18", "text": "100% levered. So the only way I can go"}, {"start": "00:23:15", "end": "00:23:20", "text": "in deeper is by taking equity and trans,"}, {"start": "00:23:18", "end": "00:23:22", "text": "you know, transferring equity to"}, {"start": "00:23:20", "end": "00:23:25", "text": "derivatives to options. And that's where"}, {"start": "00:23:22", "end": "00:23:26", "text": "I'm like crazy levered. That's exactly"}, {"start": "00:23:25", "end": "00:23:30", "text": "where I was when I made that Amazon"}, {"start": "00:23:26", "end": "00:23:32", "text": "trade. Um, there are other times when"}, {"start": "00:23:30", "end": "00:23:35", "text": "the market is volatile and I don't have"}, {"start": "00:23:32", "end": "00:23:38", "text": "a lot of conviction. I'm 30% levered."}, {"start": "00:23:35", "end": "00:23:40", "text": "But for me, being 30% levered and not"}, {"start": "00:23:38", "end": "00:23:42", "text": "holding any options is like the"}, {"start": "00:23:40", "end": "00:23:44", "text": "equivalent of holding cash, right?"}, {"start": "00:23:42", "end": "00:23:46", "text": "Because [clears throat] if I'm only 30%"}, {"start": "00:23:44", "end": "00:23:48", "text": "levered, I don't have options, I have a"}, {"start": "00:23:46", "end": "00:23:51", "text": "lot of opportunity to dip into my"}, {"start": "00:23:48", "end": "00:23:53", "text": "account to lever up, lever up, lever up."}, {"start": "00:23:51", "end": "00:23:56", "text": "Even if I'm wrong two or three times in"}, {"start": "00:23:53", "end": "00:23:58", "text": "a row, I can still dig in deeper. So,"}, {"start": "00:23:56", "end": "00:24:02", "text": "everyone, it's diff, the answer is"}, {"start": "00:23:58", "end": "00:24:05", "text": "different for everyone. But I will say"}, {"start": "00:24:02", "end": "00:24:08", "text": "this, I think retail investors"}, {"start": "00:24:05", "end": "00:24:11", "text": "really underappreciate the power of"}, {"start": "00:24:08", "end": "00:24:13", "text": "concentration and leverage. And I'm not"}, {"start": "00:24:11", "end": "00:24:15", "text": "saying that you should be doing this in"}, {"start": "00:24:13", "end": "00:24:18", "text": "your retirement account or your kids's"}, {"start": "00:24:15", "end": "00:24:21", "text": "college education account, but everyone"}, {"start": "00:24:18", "end": "00:24:25", "text": "should have an account where they are"}, {"start": "00:24:21", "end": "00:24:27", "text": "willing to take responsible amounts of"}, {"start": "00:24:25", "end": "00:24:30", "text": "leverage and concentration to generate"}, {"start": "00:24:27", "end": "00:24:32", "text": "outside returns if that's an objective"}, {"start": "00:24:30", "end": "00:24:33", "text": "for you. But I would imagine most of us"}, {"start": "00:24:32", "end": "00:24:35", "text": "would like to have an account where we"}, {"start": "00:24:33", "end": "00:24:39", "text": "can get rich quick rather than get rich"}, {"start": "00:24:35", "end": "00:24:41", "text": "slow, right? over 50 years. And I just"}, {"start": "00:24:39", "end": "00:24:43", "text": "don't understand this stuff that's been"}, {"start": "00:24:41", "end": "00:24:46", "text": "kind of pushed into our head by Wall"}, {"start": "00:24:43", "end": "00:24:48", "text": "Street for 50 years, which is you must"}, {"start": "00:24:46", "end": "00:24:50", "text": "have uncorrelated returns. You"}, {"start": "00:24:48", "end": "00:24:52", "text": "shouldn't. You should avoid draw downs."}, {"start": "00:24:50", "end": "00:24:54", "text": "What's wrong with a 70% draw down on an"}, {"start": "00:24:52", "end": "00:24:57", "text": "account that's designed to generate"}, {"start": "00:24:54", "end": "00:24:59", "text": "wealth over 30 years? I'm happy to take"}, {"start": "00:24:57", "end": "00:25:02", "text": "a 70% draw down every once in a while. I"}, {"start": "00:24:59", "end": "00:25:04", "text": "took one this summer. Okay?"}, {"start": "00:25:02", "end": "00:25:06", "text": "There's nothing wrong with a 70% draw"}, {"start": "00:25:04", "end": "00:25:10", "text": "down if over time you're going to"}, {"start": "00:25:06", "end": "00:25:12", "text": "generate two to 3x market returns."}, {"start": "00:25:10", "end": "00:25:15", "text": "Again, if most of us are investing over"}, {"start": "00:25:12", "end": "00:25:18", "text": "20 to 40 years, correct? Most of us. I"}, {"start": "00:25:15", "end": "00:25:21", "text": "mean, I'm not young. I'm still investing"}, {"start": "00:25:18", "end": "00:25:25", "text": "for 20 to 30 years at my age right now."}, {"start": "00:25:21", "end": "00:25:27", "text": "So, why do I care about a 70% draw down?"}, {"start": "00:25:25", "end": "00:25:29", "text": "Why would I not want to have an account"}, {"start": "00:25:27", "end": "00:25:31", "text": "that's correlated,"}, {"start": "00:25:29", "end": "00:25:34", "text": "concentrated,"}, {"start": "00:25:31", "end": "00:25:37", "text": "levered, and generates 30, 50, 60%"}, {"start": "00:25:34", "end": "00:25:42", "text": "annually because it's concentrated and"}, {"start": "00:25:37", "end": "00:25:43", "text": "levered and correlated to what the world"}, {"start": "00:25:42", "end": "00:25:46", "text": "cares about, which right now is"}, {"start": "00:25:43", "end": "00:25:48", "text": "technology and the industry of"}, {"start": "00:25:46", "end": "00:25:49", "text": "intelligence. And if you push forward a"}, {"start": "00:25:48", "end": "00:25:52", "text": "few decades,"}, {"start": "00:25:49", "end": "00:25:55", "text": "it's all that matters quite honestly."}, {"start": "00:25:52", "end": "00:25:58", "text": "intelligence and technology and global"}, {"start": "00:25:55", "end": "00:26:00", "text": "buildout of I mean"}, {"start": "00:25:58", "end": "00:26:01", "text": "I just think it's a really messed up"}, {"start": "00:26:00", "end": "00:26:02", "text": "thing and and I'm I'm trying to drill"}, {"start": "00:26:01", "end": "00:26:05", "text": "this through retail investor's head."}, {"start": "00:26:02", "end": "00:26:06", "text": "You're so goddamn afraid of leverage."}, {"start": "00:26:05", "end": "00:26:08", "text": "Well, maybe you should be afraid of"}, {"start": "00:26:06", "end": "00:26:11", "text": "leverage if it's in your kid's college"}, {"start": "00:26:08", "end": "00:26:12", "text": "education account, but why don't you"}, {"start": "00:26:11", "end": "00:26:15", "text": "start a new account with 20 bucks in it"}, {"start": "00:26:12", "end": "00:26:16", "text": "or whatever you want, right? And and"}, {"start": "00:26:15", "end": "00:26:18", "text": "start learning how to invest with"}, {"start": "00:26:16", "end": "00:26:20", "text": "leverage and concentration because"}, {"start": "00:26:18", "end": "00:26:21", "text": "anybody can do what I do. We're just"}, {"start": "00:26:20", "end": "00:26:23", "text": "afraid to do it."}, {"start": "00:26:21", "end": "00:26:24", "text": "Are you willing for that account to go"}, {"start": "00:26:23", "end": "00:26:27", "text": "to zero?"}, {"start": "00:26:24", "end": "00:26:29", "text": ">> Yeah. So, that's a great question. When"}, {"start": "00:26:27", "end": "00:26:31", "text": "you're in like what I'm going to bring"}, {"start": "00:26:29", "end": "00:26:33", "text": "up here is if if you if you have someone"}, {"start": "00:26:31", "end": "00:26:34", "text": "who's not a stock picker, okay, who's"}, {"start": "00:26:33", "end": "00:26:36", "text": "like, Chris, I don't want to do the crap"}, {"start": "00:26:34", "end": "00:26:39", "text": "you do, but I want to I want to get"}, {"start": "00:26:36", "end": "00:26:42", "text": "gains that are bigger than 9% and 10% a"}, {"start": "00:26:39", "end": "00:26:43", "text": "year. I want 18%. You know, that'd be"}, {"start": "00:26:42", "end": "00:26:45", "text": "insane. That it's a life-changing thing."}, {"start": "00:26:43", "end": "00:26:47", "text": "The difference between nine and 18,"}, {"start": "00:26:45", "end": "00:26:49", "text": "whatever it is, right? So if you look at"}, {"start": "00:26:47", "end": "00:26:51", "text": "the triple lever S&P ETF, I'm not"}, {"start": "00:26:49", "end": "00:26:53", "text": "talking about triple leverage ETFs on a"}, {"start": "00:26:51", "end": "00:26:55", "text": "sector or on a single stock. I'm talking"}, {"start": "00:26:53", "end": "00:26:58", "text": "about across the entire S&P or the"}, {"start": "00:26:55", "end": "00:27:00", "text": "NASDAQ. There have been studies done,"}, {"start": "00:26:58", "end": "00:27:02", "text": "there are white papers written on this"}, {"start": "00:27:00", "end": "00:27:03", "text": "where they've gone and backdated if you"}, {"start": "00:27:02", "end": "00:27:06", "text": "would have done that over the last 80"}, {"start": "00:27:03", "end": "00:27:08", "text": "years, right? What are the draw downs?"}, {"start": "00:27:06", "end": "00:27:11", "text": "What are the what are the returns?"}, {"start": "00:27:08", "end": "00:27:14", "text": "Basically, the returns are 1.8x the"}, {"start": "00:27:11", "end": "00:27:16", "text": "market, okay? With some massive draw"}, {"start": "00:27:14", "end": "00:27:18", "text": "downs in between. But again, if you're"}, {"start": "00:27:16", "end": "00:27:20", "text": "investing over decades, why the hell do"}, {"start": "00:27:18", "end": "00:27:22", "text": "you care? Even if it's a 90% draw down,"}, {"start": "00:27:20", "end": "00:27:25", "text": "why do you care? Um, and of course, when"}, {"start": "00:27:22", "end": "00:27:27", "text": "you're investing over time, it compounds"}, {"start": "00:27:25", "end": "00:27:31", "text": "even bigger than that, right? So, my"}, {"start": "00:27:27", "end": "00:27:35", "text": "question to you is there is a"}, {"start": "00:27:31", "end": "00:27:36", "text": "theoretical risk of a in an anomaly"}, {"start": "00:27:35", "end": "00:27:38", "text": "situation that we've never seen. We"}, {"start": "00:27:36", "end": "00:27:40", "text": "haven't seen in 80 years. We've never"}, {"start": "00:27:38", "end": "00:27:44", "text": "seen it ever. There is an anomaly"}, {"start": "00:27:40", "end": "00:27:47", "text": "situation where you lose it all. But if"}, {"start": "00:27:44", "end": "00:27:49", "text": "I told you that that anomaly was like"}, {"start": "00:27:47", "end": "00:27:51", "text": "onetenth of 1% which is probably what it"}, {"start": "00:27:49", "end": "00:27:54", "text": "is, okay? It's like onetenth or two ten"}, {"start": "00:27:51", "end": "00:27:56", "text": "of 1% that we will hit something that"}, {"start": "00:27:54", "end": "00:27:58", "text": "we've never seen in our history and"}, {"start": "00:27:56", "end": "00:28:01", "text": "instead of a 70 80 90% draw down it's"}, {"start": "00:27:58", "end": "00:28:04", "text": "like 100% basically."}, {"start": "00:28:01", "end": "00:28:08", "text": "Would you not take that bet knowing that"}, {"start": "00:28:04", "end": "00:28:10", "text": "you basically have close 99.9%"}, {"start": "00:28:08", "end": "00:28:12", "text": "chance you're going to basically double"}, {"start": "00:28:10", "end": "00:28:15", "text": "your returns over 30 years? Okay. So"}, {"start": "00:28:12", "end": "00:28:17", "text": "instead of retiring with 3 million,"}, {"start": "00:28:15", "end": "00:28:19", "text": "you're getting six."}, {"start": "00:28:17", "end": "00:28:21", "text": "So"}, {"start": "00:28:19", "end": "00:28:25", "text": "it's just nonsensible. It doesn't make"}, {"start": "00:28:21", "end": "00:28:27", "text": "any sense at all, right? That that that"}, {"start": "00:28:25", "end": "00:28:30", "text": "you're not willing to take in a in an"}, {"start": "00:28:27", "end": "00:28:32", "text": "account that's designed for that,"}, {"start": "00:28:30", "end": "00:28:35", "text": "right? There is a tail risk. We have to"}, {"start": "00:28:32", "end": "00:28:39", "text": "acknowledge that there is a tail risk."}, {"start": "00:28:35", "end": "00:28:40", "text": "But guys, there's also a tail risk that"}, {"start": "00:28:39", "end": "00:28:42", "text": "someone's going to put a nuke off. we're"}, {"start": "00:28:40", "end": "00:28:44", "text": "all going to be dead in 5 years, right?"}, {"start": "00:28:42", "end": "00:28:46", "text": "There's a tail risk that yeah, the AI is"}, {"start": "00:28:44", "end": "00:28:48", "text": "going to kill us or a bad actor is going"}, {"start": "00:28:46", "end": "00:28:50", "text": "to get hold of a virus with AI and kill"}, {"start": "00:28:48", "end": "00:28:52", "text": "it. So, there's tail risk everywhere in"}, {"start": "00:28:50", "end": "00:28:54", "text": "life. There's tail risk going out in the"}, {"start": "00:28:52", "end": "00:28:56", "text": "street, you're going to hit by a bus."}, {"start": "00:28:54", "end": "00:28:58", "text": "You know, the the the girl that was"}, {"start": "00:28:56", "end": "00:29:00", "text": "homecoming queen of my grade in high"}, {"start": "00:28:58", "end": "00:29:03", "text": "school literally got hit by a bus in"}, {"start": "00:29:00", "end": "00:29:05", "text": "Manhattan, I don't know, 10 years out"}, {"start": "00:29:03", "end": "00:29:07", "text": "and is no longer with us, right? That's"}, {"start": "00:29:05", "end": "00:29:08", "text": "act that's real. That's like my"}, {"start": "00:29:07", "end": "00:29:11", "text": "homecoming queen of my high school"}, {"start": "00:29:08", "end": "00:29:15", "text": "class. This is not some one in 10"}, {"start": "00:29:11", "end": "00:29:17", "text": "billion tail risk. So what the hell are"}, {"start": "00:29:15", "end": "00:29:19", "text": "you so afraid of? A ridiculously small"}, {"start": "00:29:17", "end": "00:29:20", "text": "tail risk that something that's never"}, {"start": "00:29:19", "end": "00:29:23", "text": "happened in human history might happen"}, {"start": "00:29:20", "end": "00:29:26", "text": "and you might get wiped out."}, {"start": "00:29:23", "end": "00:29:27", "text": ">> When you think about some of these tail"}, {"start": "00:29:26", "end": "00:29:29", "text": "risks, one that has become talked about"}, {"start": "00:29:27", "end": "00:29:32", "text": "more, but I don't think it's very big is"}, {"start": "00:29:29", "end": "00:29:35", "text": "like AI is going to kill us. Um I have"}, {"start": "00:29:32", "end": "00:29:37", "text": "yet to understand how a software AI will"}, {"start": "00:29:35", "end": "00:29:39", "text": "kill us, but um no one's really kind of"}, {"start": "00:29:37", "end": "00:29:40", "text": "laid that out. They just like to say it."}, {"start": "00:29:39", "end": "00:29:42", "text": "But I do think that there's a lot of"}, {"start": "00:29:40", "end": "00:29:44", "text": "people who are worried about the"}, {"start": "00:29:42", "end": "00:29:46", "text": "physical embodiment of AI. You know,"}, {"start": "00:29:44", "end": "00:29:49", "text": "obviously if the AI had a weapon or the"}, {"start": "00:29:46", "end": "00:29:50", "text": "AI could, you know, humanoid beat us up"}, {"start": "00:29:49", "end": "00:29:51", "text": "or go through all these kind of"}, {"start": "00:29:50", "end": "00:29:53", "text": "scenarios."}, {"start": "00:29:51", "end": "00:29:54", "text": ">> You are probably one of the closest"}, {"start": "00:29:53", "end": "00:29:56", "text": "investors in the world to the"}, {"start": "00:29:54", "end": "00:29:58", "text": "development of robotics."}, {"start": "00:29:56", "end": "00:30:00", "text": ">> Do you worry about any of that stuff?"}, {"start": "00:29:58", "end": "00:30:02", "text": ">> I I worry about all I don't want to say"}, {"start": "00:30:00", "end": "00:30:04", "text": "I I think about all of it and I do think"}, {"start": "00:30:02", "end": "00:30:07", "text": "there actually is meaningful risk even"}, {"start": "00:30:04", "end": "00:30:10", "text": "without the embodied AI there. Listen,"}, {"start": "00:30:07", "end": "00:30:12", "text": "there's viruses that can be schemed up."}, {"start": "00:30:10", "end": "00:30:15", "text": "There's electrical grid that can throw"}, {"start": "00:30:12", "end": "00:30:18", "text": "society into complete and utter chaos. I"}, {"start": "00:30:15", "end": "00:30:19", "text": "mean, there's there's"}, {"start": "00:30:18", "end": "00:30:22", "text": "listen, you mess with the banking"}, {"start": "00:30:19", "end": "00:30:25", "text": "system, you mess with the infrastructure"}, {"start": "00:30:22", "end": "00:30:28", "text": "of society and that in many ways could"}, {"start": "00:30:25", "end": "00:30:30", "text": "be more dangerous than the physical"}, {"start": "00:30:28", "end": "00:30:32", "text": "because people will implode on"}, {"start": "00:30:30", "end": "00:30:34", "text": "themselves. Okay, you mess with the food"}, {"start": "00:30:32", "end": "00:30:38", "text": "chain. Like there's a lot of stuff in"}, {"start": "00:30:34", "end": "00:30:40", "text": "terms of embodied embodied AI. I am"}, {"start": "00:30:38", "end": "00:30:42", "text": "exceptionally concerned about that. But"}, {"start": "00:30:40", "end": "00:30:45", "text": "I'm not so concerned about the ro the"}, {"start": "00:30:42", "end": "00:30:48", "text": "big robots, right? Yeah. I'm concerned"}, {"start": "00:30:45", "end": "00:30:50", "text": "about drones, right? I'm concerned about"}, {"start": "00:30:48", "end": "00:30:55", "text": "fleets of millions of I'm concerned"}, {"start": "00:30:50", "end": "00:30:57", "text": "about, you know, countries like America"}, {"start": "00:30:55", "end": "00:31:01", "text": "that historically have been able to"}, {"start": "00:30:57", "end": "00:31:04", "text": "leverage our resources to kind of"}, {"start": "00:31:01", "end": "00:31:07", "text": "provide defense safety to the world as a"}, {"start": "00:31:04", "end": "00:31:09", "text": "as a good as a somewhat of a good"}, {"start": "00:31:07", "end": "00:31:14", "text": "player, right?"}, {"start": "00:31:09", "end": "00:31:17", "text": "basically no longer having uh that"}, {"start": "00:31:14", "end": "00:31:19", "text": "strength in a world where anyone can"}, {"start": "00:31:17", "end": "00:31:21", "text": "access millions and millions and"}, {"start": "00:31:19", "end": "00:31:24", "text": "millions of drones, right, that are"}, {"start": "00:31:21", "end": "00:31:26", "text": "autonomous that you saw a little bit of"}, {"start": "00:31:24", "end": "00:31:29", "text": "and this happened this last year, right,"}, {"start": "00:31:26", "end": "00:31:31", "text": "where we couldn't gain control over the"}, {"start": "00:31:29", "end": "00:31:34", "text": "straight because of a we're in like not"}, {"start": "00:31:31", "end": "00:31:36", "text": "even in the first inning of autonomous"}, {"start": "00:31:34", "end": "00:31:38", "text": "warfare. What do you think that's going"}, {"start": "00:31:36", "end": "00:31:38", "text": "to be like in 10 years? It's going to be"}, {"start": "00:31:38", "end": "00:31:41", "text": "crazy."}, {"start": "00:31:38", "end": "00:31:44", "text": ">> It's going to be crazy, right? So, like"}, {"start": "00:31:41", "end": "00:31:47", "text": "to say that that's not a realistic"}, {"start": "00:31:44", "end": "00:31:50", "text": "concern is wild. It's very real. There"}, {"start": "00:31:47", "end": "00:31:52", "text": "are so many concerns when you have a"}, {"start": "00:31:50", "end": "00:31:55", "text": "fragile society where technology is"}, {"start": "00:31:52", "end": "00:31:57", "text": "moving quicker than we're capable of"}, {"start": "00:31:55", "end": "00:31:59", "text": "dealing with, right? And it's everything"}, {"start": "00:31:57", "end": "00:32:01", "text": "is becoming more democratized. You know,"}, {"start": "00:31:59", "end": "00:32:03", "text": "we love it that intelligence is becoming"}, {"start": "00:32:01", "end": "00:32:06", "text": "democratized, but there's a negative"}, {"start": "00:32:03", "end": "00:32:08", "text": "side to that. Bad actors. So, I'm not as"}, {"start": "00:32:06", "end": "00:32:10", "text": "concerned with the AI turning against"}, {"start": "00:32:08", "end": "00:32:12", "text": "us."}, {"start": "00:32:10", "end": "00:32:14", "text": "Mostly because I don't think any of us"}, {"start": "00:32:12", "end": "00:32:17", "text": "can really fully assess the degree to"}, {"start": "00:32:14", "end": "00:32:19", "text": "which that's realistic yet. Yet, I'm"}, {"start": "00:32:17", "end": "00:32:23", "text": "exceptionally concerned about bad actors"}, {"start": "00:32:19", "end": "00:32:27", "text": "leveraging infinite intelligence to be"}, {"start": "00:32:23", "end": "00:32:30", "text": "bigger, better actors because the one"}, {"start": "00:32:27", "end": "00:32:31", "text": "thing that I know exists are bad actors."}, {"start": "00:32:30", "end": "00:32:33", "text": "Today's episode is brought to you by"}, {"start": "00:32:31", "end": "00:32:34", "text": "Galaxy 1. A lot of people got their"}, {"start": "00:32:33", "end": "00:32:37", "text": "money working for them, but the question"}, {"start": "00:32:34", "end": "00:32:39", "text": "now, how hard is it working? Well, the"}, {"start": "00:32:37", "end": "00:32:41", "text": "folks over at Galaxy 1, they're taking a"}, {"start": "00:32:39", "end": "00:32:45", "text": "very different approach. Everyone earns"}, {"start": "00:32:41", "end": "00:32:48", "text": "3.5% APY using Galaxy 1 Cash. And if you"}, {"start": "00:32:45", "end": "00:32:50", "text": "make over $200,000 a year, that means"}, {"start": "00:32:48", "end": "00:32:52", "text": "you're probably an accredited investor."}, {"start": "00:32:50", "end": "00:32:54", "text": "And then you can earn up to 8% on your"}, {"start": "00:32:52", "end": "00:32:56", "text": "cash guaranteed by Galaxy Digital. The"}, {"start": "00:32:54", "end": "00:32:58", "text": "best part though is that you can"}, {"start": "00:32:56", "end": "00:33:00", "text": "actually set it so that your yield"}, {"start": "00:32:58", "end": "00:33:03", "text": "immediately is reinvested into your"}, {"start": "00:33:00", "end": "00:33:04", "text": "favorite stocks, crypto, or ETFs. You"}, {"start": "00:33:03", "end": "00:33:06", "text": "don't got to think about it every single"}, {"start": "00:33:04", "end": "00:33:08", "text": "month. It just automatically does it for"}, {"start": "00:33:06", "end": "00:33:10", "text": "you. That's why I love Galaxy 1. So, if"}, {"start": "00:33:08", "end": "00:33:12", "text": "your cash isn't working as hard as you"}, {"start": "00:33:10", "end": "00:33:13", "text": "are, then it's time to make a move."}, {"start": "00:33:12", "end": "00:33:15", "text": "Check out the link in the description"}, {"start": "00:33:13", "end": "00:33:19", "text": "and start earning today. I don't know if"}, {"start": "00:33:15", "end": "00:33:23", "text": "it's true, but there was uh a report"}, {"start": "00:33:19", "end": "00:33:24", "text": "that Iran was using Claude to upload war"}, {"start": "00:33:23", "end": "00:33:28", "text": "plans and like details about the"}, {"start": "00:33:24", "end": "00:33:29", "text": "Ayatollah's uh funeral. And Anthropic"}, {"start": "00:33:28", "end": "00:33:30", "text": "turned it over to the government was"}, {"start": "00:33:29", "end": "00:33:33", "text": "like, \"Hey, you probably want to know"}, {"start": "00:33:30", "end": "00:33:35", "text": "about this.\" But I think to your point,"}, {"start": "00:33:33", "end": "00:33:38", "text": "it's superhuman intelligence. Like the"}, {"start": "00:33:35", "end": "00:33:41", "text": "bad guys want to use it, too, right?"}, {"start": "00:33:38", "end": "00:33:43", "text": ">> Yeah. I I don't have an answer. Uh I'll"}, {"start": "00:33:41", "end": "00:33:46", "text": "just leave it at this. It is super"}, {"start": "00:33:43", "end": "00:33:48", "text": "concerning to me. I try not to think"}, {"start": "00:33:46", "end": "00:33:51", "text": "about it too much because it it actually"}, {"start": "00:33:48", "end": "00:33:53", "text": "is really concerning to me. Uh I'm just"}, {"start": "00:33:51", "end": "00:33:56", "text": "going to try and enjoy the days that we"}, {"start": "00:33:53", "end": "00:33:58", "text": "have left before it gets really crazy."}, {"start": "00:33:56", "end": "00:34:00", "text": "Uh and I do think it's we're going to"}, {"start": "00:33:58", "end": "00:34:01", "text": "hit a more I I hate I I'm just being"}, {"start": "00:34:00", "end": "00:34:03", "text": "honest with you."}, {"start": "00:34:01", "end": "00:34:04", "text": ">> I know. I'm just laughing. The days you"}, {"start": "00:34:03", "end": "00:34:06", "text": "want to enjoy are you like triple"}, {"start": "00:34:04", "end": "00:34:09", "text": "levered up on your stock account?"}, {"start": "00:34:06", "end": "00:34:12", "text": ">> No, I [laughter] mean like I listen I'm"}, {"start": "00:34:09", "end": "00:34:14", "text": "spending you know it's funny. I I spoke"}, {"start": "00:34:12", "end": "00:34:15", "text": "at another conference this morning and"}, {"start": "00:34:14", "end": "00:34:17", "text": "and there's all these events happening,"}, {"start": "00:34:15", "end": "00:34:19", "text": "your events tonight, all this stuff. And"}, {"start": "00:34:17", "end": "00:34:21", "text": "I'm like, people are like, \"Why are you"}, {"start": "00:34:19", "end": "00:34:22", "text": "not I'm in New York for under 24 hours.\""}, {"start": "00:34:21", "end": "00:34:25", "text": "Like, \"Why are you going home?\" I'm"}, {"start": "00:34:22", "end": "00:34:28", "text": "like, \"My son plays JV football. He's"}, {"start": "00:34:25", "end": "00:34:30", "text": "got three games left."}, {"start": "00:34:28", "end": "00:34:32", "text": "I don't know how many days he'll see the"}, {"start": "00:34:30", "end": "00:34:34", "text": "field. Like, I'm getting my butt home to"}, {"start": "00:34:32", "end": "00:34:36", "text": "see my son play football.\" Like, that is"}, {"start": "00:34:34", "end": "00:34:37", "text": "what I care about, right? Like, so, and"}, {"start": "00:34:36", "end": "00:34:39", "text": "I I say that to you guys because as"}, {"start": "00:34:37", "end": "00:34:41", "text": "investors, we get so caught up in all"}, {"start": "00:34:39", "end": "00:34:42", "text": "this stuff. We all do. We love it."}, {"start": "00:34:41", "end": "00:34:44", "text": "Let's, you know, the thing I love about"}, {"start": "00:34:42", "end": "00:34:48", "text": "investing in 2026, partially because of"}, {"start": "00:34:44", "end": "00:34:50", "text": "guys like you, uh, is that this is no"}, {"start": "00:34:48", "end": "00:34:53", "text": "longer a profession. This is a"}, {"start": "00:34:50", "end": "00:34:56", "text": "lifestyle. This is I don't I don't want"}, {"start": "00:34:53", "end": "00:34:59", "text": "to call it a hobby. This is our life."}, {"start": "00:34:56", "end": "00:35:01", "text": "We're a community now. Like I I thought"}, {"start": "00:34:59", "end": "00:35:03", "text": "about this the other day and I had a"}, {"start": "00:35:01", "end": "00:35:06", "text": "little anxiety and stuff. There was some"}, {"start": "00:35:03", "end": "00:35:08", "text": "stuff going on in my life and I got on X"}, {"start": "00:35:06", "end": "00:35:09", "text": "because it was like those are my people."}, {"start": "00:35:08", "end": "00:35:10", "text": "You know what I'm saying? And it's like"}, {"start": "00:35:09", "end": "00:35:13", "text": "I want to see what my people are talking"}, {"start": "00:35:10", "end": "00:35:15", "text": "about today, you know, and like I even"}, {"start": "00:35:13", "end": "00:35:17", "text": "put out a tweet. I want to talk to them."}, {"start": "00:35:15", "end": "00:35:21", "text": "But like this is a culture now. It's a"}, {"start": "00:35:17", "end": "00:35:23", "text": "culture of being in the investor class"}, {"start": "00:35:21", "end": "00:35:25", "text": "and we're all in it together and it's"}, {"start": "00:35:23", "end": "00:35:28", "text": "really special. But I've been doing this"}, {"start": "00:35:25", "end": "00:35:30", "text": "before there was a retail investor class"}, {"start": "00:35:28", "end": "00:35:32", "text": "when you know me and Howard Linden joke"}, {"start": "00:35:30", "end": "00:35:34", "text": "when you had to go on a Yahoo message"}, {"start": "00:35:32", "end": "00:35:36", "text": "board in 1998 and you put a post and"}, {"start": "00:35:34", "end": "00:35:38", "text": "wait 2 days for someone to respond to"}, {"start": "00:35:36", "end": "00:35:41", "text": "you. Like there was no such thing as a"}, {"start": "00:35:38", "end": "00:35:43", "text": "retail investor really, right? But like"}, {"start": "00:35:41", "end": "00:35:45", "text": "we get so caught up in it that so many"}, {"start": "00:35:43", "end": "00:35:46", "text": "of us like I used to get depressed on a"}, {"start": "00:35:45", "end": "00:35:48", "text": "Friday when the market would close. I"}, {"start": "00:35:46", "end": "00:35:50", "text": "know you don't care cuz you're a crypto"}, {"start": "00:35:48", "end": "00:35:52", "text": "guy. It's always open. But like like but"}, {"start": "00:35:50", "end": "00:35:53", "text": "like I see a lot of young guys now"}, {"start": "00:35:52", "end": "00:35:55", "text": "they're like oh they get depressed when"}, {"start": "00:35:53", "end": "00:35:57", "text": "the market's not open or whatever."}, {"start": "00:35:55", "end": "00:35:59", "text": "They're like they want 24-hour mark. I'm"}, {"start": "00:35:57", "end": "00:36:02", "text": "like dude"}, {"start": "00:35:59", "end": "00:36:04", "text": "live life right? Like there is more to"}, {"start": "00:36:02", "end": "00:36:07", "text": "this than our little investing chaotic"}, {"start": "00:36:04", "end": "00:36:12", "text": "investing world. It's why I use Sylvia"}, {"start": "00:36:07", "end": "00:36:13", "text": "Misfits and the Misfit uh name. It"}, {"start": "00:36:12", "end": "00:36:14", "text": "started with because I don't know if you"}, {"start": "00:36:13", "end": "00:36:17", "text": "guys know this, but we have uh the"}, {"start": "00:36:14", "end": "00:36:18", "text": "engineering team is a very uh unique"}, {"start": "00:36:17", "end": "00:36:19", "text": "group of people who you normally"}, {"start": "00:36:18", "end": "00:36:21", "text": "wouldn't think would come together. And"}, {"start": "00:36:19", "end": "00:36:23", "text": "I and I first started using it as like"}, {"start": "00:36:21", "end": "00:36:24", "text": "the team was a team of misfits. It was"}, {"start": "00:36:23", "end": "00:36:26", "text": "something we were proud of, right? It"}, {"start": "00:36:24", "end": "00:36:29", "text": "was kind of like, hey, us verse the"}, {"start": "00:36:26", "end": "00:36:32", "text": "world. And then it quickly hit me that a"}, {"start": "00:36:29", "end": "00:36:33", "text": "lot of people in this room feel like"}, {"start": "00:36:32", "end": "00:36:35", "text": "misfits to the traditional financial"}, {"start": "00:36:33", "end": "00:36:36", "text": "world. And so your point about like"}, {"start": "00:36:35", "end": "00:36:39", "text": "there's a culture, there's a community,"}, {"start": "00:36:36", "end": "00:36:40", "text": "all this stuff. You know, Chris has uh a"}, {"start": "00:36:39", "end": "00:36:42", "text": "show, Dumb Money,"}, {"start": "00:36:40", "end": "00:36:44", "text": ">> right? Like that it's almost like you"}, {"start": "00:36:42", "end": "00:36:46", "text": "own the thing that they try to use as"}, {"start": "00:36:44", "end": "00:36:48", "text": "the the thing to, you know, uh put you"}, {"start": "00:36:46", "end": "00:36:50", "text": "down or or whatever. And I think that"}, {"start": "00:36:48", "end": "00:36:51", "text": "that is part of the culture is this idea"}, {"start": "00:36:50", "end": "00:36:53", "text": "of like, yeah, yeah, you're right. Dumb"}, {"start": "00:36:51", "end": "00:36:55", "text": "money, 50 plus% returns annualized. What"}, {"start": "00:36:53", "end": "00:36:57", "text": "are your returns?"}, {"start": "00:36:55", "end": "00:37:01", "text": ">> Right? And so it's I think this element"}, {"start": "00:36:57", "end": "00:37:02", "text": "of uh there's an irreverence to it. But"}, {"start": "00:37:01", "end": "00:37:03", "text": "the thing that I tell every time I talk"}, {"start": "00:37:02", "end": "00:37:05", "text": "to anyone who works at a hedge fund, big"}, {"start": "00:37:03", "end": "00:37:06", "text": "Wall Street institution, I say you're"}, {"start": "00:37:05", "end": "00:37:08", "text": "underestimating this group of people in"}, {"start": "00:37:06", "end": "00:37:10", "text": "two ways. They are smarter than you"}, {"start": "00:37:08", "end": "00:37:11", "text": "think and they got way more money than"}, {"start": "00:37:10", "end": "00:37:13", "text": "you think."}, {"start": "00:37:11", "end": "00:37:15", "text": ">> And you can see it's now starting to"}, {"start": "00:37:13", "end": "00:37:17", "text": "resonate where they're starting to say"}, {"start": "00:37:15", "end": "00:37:19", "text": "themselves, well, if that is true, maybe"}, {"start": "00:37:17", "end": "00:37:20", "text": "I should be learning from them. Maybe I"}, {"start": "00:37:19", "end": "00:37:22", "text": "should be paying attention. Maybe I"}, {"start": "00:37:20", "end": "00:37:23", "text": "should be reading X. I should be reading"}, {"start": "00:37:22", "end": "00:37:26", "text": "the newsletters. Be watching the"}, {"start": "00:37:23", "end": "00:37:28", "text": "podcast. all this stuff"}, {"start": "00:37:26", "end": "00:37:29", "text": "five, six years ago that was impossible"}, {"start": "00:37:28", "end": "00:37:32", "text": "to see."}, {"start": "00:37:29", "end": "00:37:35", "text": ">> Yeah. I I I think people don't fully"}, {"start": "00:37:32", "end": "00:37:36", "text": "understand and it's a small number of"}, {"start": "00:37:35", "end": "00:37:38", "text": "retail investors, by the way. And this"}, {"start": "00:37:36", "end": "00:37:41", "text": "is what I would like my recommendation"}, {"start": "00:37:38", "end": "00:37:43", "text": "to all of y'all would be to find these"}, {"start": "00:37:41", "end": "00:37:45", "text": "people. They're out there. Like over"}, {"start": "00:37:43", "end": "00:37:47", "text": "half of my biggest trades the last eight"}, {"start": "00:37:45", "end": "00:37:49", "text": "or nine years were not surfaced by me."}, {"start": "00:37:47", "end": "00:37:52", "text": "They were surfaced by people in my"}, {"start": "00:37:49", "end": "00:37:54", "text": "network who are psychotic like me in a"}, {"start": "00:37:52", "end": "00:37:58", "text": "different way. and they put their 100"}, {"start": "00:37:54", "end": "00:38:01", "text": "hours or their 200 hours into a trade"}, {"start": "00:37:58", "end": "00:38:03", "text": "and then like I'm like, \"Okay,"}, {"start": "00:38:01", "end": "00:38:05", "text": "I'm going to now put my time into that.\""}, {"start": "00:38:03", "end": "00:38:08", "text": "But it because of them because they're"}, {"start": "00:38:05", "end": "00:38:10", "text": "crazy and they did they did work that no"}, {"start": "00:38:08", "end": "00:38:12", "text": "one does on Wall Street. Like you would"}, {"start": "00:38:10", "end": "00:38:15", "text": "never do this type of work for a job"}, {"start": "00:38:12", "end": "00:38:16", "text": "because no one would appreciate it. You"}, {"start": "00:38:15", "end": "00:38:18", "text": "do it for the love of it because you're"}, {"start": "00:38:16", "end": "00:38:20", "text": "a little nuts. You're maybe a little"}, {"start": "00:38:18", "end": "00:38:22", "text": "autistic. You're you're you're you're"}, {"start": "00:38:20", "end": "00:38:24", "text": "hyperfocused. Like we're all like this."}, {"start": "00:38:22", "end": "00:38:25", "text": "I have it in me. There's a group of"}, {"start": "00:38:24", "end": "00:38:27", "text": "investors that I've gotten to know over"}, {"start": "00:38:25", "end": "00:38:30", "text": "25 years. They're all crazy. But when"}, {"start": "00:38:27", "end": "00:38:31", "text": "some of one of them calls me or DMs me,"}, {"start": "00:38:30", "end": "00:38:33", "text": "they're like, \"Dude, I got a big trade"}, {"start": "00:38:31", "end": "00:38:34", "text": "I've been working on for 4 months.\" I'm"}, {"start": "00:38:33", "end": "00:38:36", "text": "like, \"Okay, what is it?\" And then I'll"}, {"start": "00:38:34", "end": "00:38:38", "text": "start my process. You're not in this"}, {"start": "00:38:36", "end": "00:38:40", "text": "alone. You got to find these PE. I'm one"}, {"start": "00:38:38", "end": "00:38:42", "text": "of them. Okay? Like I always tell"}, {"start": "00:38:40", "end": "00:38:44", "text": "people, steal, don't copy trade me, but"}, {"start": "00:38:42", "end": "00:38:47", "text": "steal my ideas and then do your own"}, {"start": "00:38:44", "end": "00:38:48", "text": "research. Poke your holes in it. Let me"}, {"start": "00:38:47", "end": "00:38:50", "text": "know if you find a hole because like"}, {"start": "00:38:48", "end": "00:38:53", "text": "that's you know I want you to play"}, {"start": "00:38:50", "end": "00:38:55", "text": "devil's advocate on my ideas. None of us"}, {"start": "00:38:53", "end": "00:38:58", "text": "are perfect but there are some of the"}, {"start": "00:38:55", "end": "00:39:00", "text": "best investors in the world are retail"}, {"start": "00:38:58", "end": "00:39:03", "text": "investors that are just psychopaths that"}, {"start": "00:39:00", "end": "00:39:06", "text": "literally they will do things like when"}, {"start": "00:39:03", "end": "00:39:08", "text": "I when I go deep on a trade"}, {"start": "00:39:06", "end": "00:39:09", "text": "people like well what in I'm like no you"}, {"start": "00:39:08", "end": "00:39:11", "text": "don't understand like I will buy every"}, {"start": "00:39:09", "end": "00:39:13", "text": "piece of data I can buy. I will buy"}, {"start": "00:39:11", "end": "00:39:15", "text": "Neielson data. I will I buy hedge fund"}, {"start": "00:39:13", "end": "00:39:16", "text": "data. I will read every piece of"}, {"start": "00:39:15", "end": "00:39:19", "text": "information in the world. Anyone"}, {"start": "00:39:16", "end": "00:39:21", "text": "speaking about the company as an"}, {"start": "00:39:19", "end": "00:39:24", "text": "investor. If they're a customer of the"}, {"start": "00:39:21", "end": "00:39:26", "text": "company, you know, I if it if the"}, {"start": "00:39:24", "end": "00:39:28", "text": "customer of a company is an engineer, I"}, {"start": "00:39:26", "end": "00:39:30", "text": "will read every Reddit forum where"}, {"start": "00:39:28", "end": "00:39:32", "text": "engineers are talking about the thing."}, {"start": "00:39:30", "end": "00:39:34", "text": "If it's an HVAC company, I'll read every"}, {"start": "00:39:32", "end": "00:39:37", "text": "forum where HVAC people speak to each"}, {"start": "00:39:34", "end": "00:39:39", "text": "other going back two years. I am I will"}, {"start": "00:39:37", "end": "00:39:42", "text": "go to the ends of the world to cover"}, {"start": "00:39:39", "end": "00:39:43", "text": "every single basis. So, I am not missing"}, {"start": "00:39:42", "end": "00:39:44", "text": "anything. Even then, I know there are"}, {"start": "00:39:43", "end": "00:39:47", "text": "things that I don't know that I don't"}, {"start": "00:39:44", "end": "00:39:49", "text": "know about the trade, but we just are"}, {"start": "00:39:47", "end": "00:39:52", "text": "crazy. Like, we will do that level of"}, {"start": "00:39:49", "end": "00:39:54", "text": "deep dive research before I put 10 or"}, {"start": "00:39:52", "end": "00:39:56", "text": "20% of my net worth in a trade that will"}, {"start": "00:39:54", "end": "00:39:59", "text": "go away if I'm wrong cuz it's all"}, {"start": "00:39:56", "end": "00:40:01", "text": "options, right? Um, but those people are"}, {"start": "00:39:59", "end": "00:40:03", "text": "out there. Like, I have a few. They're"}, {"start": "00:40:01", "end": "00:40:06", "text": "out there to find. They're on X. You"}, {"start": "00:40:03", "end": "00:40:09", "text": "could find them. you know those find"}, {"start": "00:40:06", "end": "00:40:12", "text": "those people, follow them, don't copy"}, {"start": "00:40:09", "end": "00:40:14", "text": "trade them, but steal the crap out of"}, {"start": "00:40:12", "end": "00:40:16", "text": "their ideas for yourself and and like do"}, {"start": "00:40:14", "end": "00:40:19", "text": "your own work and then maybe you'll"}, {"start": "00:40:16", "end": "00:40:20", "text": "become one of them or not, but like"}, {"start": "00:40:19", "end": "00:40:22", "text": "start with one of them."}, {"start": "00:40:20", "end": "00:40:26", "text": ">> You you want to know uh why they do"}, {"start": "00:40:22", "end": "00:40:28", "text": "that? I've come to the conclusion on one"}, {"start": "00:40:26", "end": "00:40:29", "text": "hand there's no constraints."}, {"start": "00:40:28", "end": "00:40:30", "text": ">> So they don't have to go defend it to an"}, {"start": "00:40:29", "end": "00:40:32", "text": "investment committee, all that kind of"}, {"start": "00:40:30", "end": "00:40:34", "text": "stuff. There's no like, oh, our LPs are"}, {"start": "00:40:32", "end": "00:40:36", "text": "going to get mad if we put more than 5%"}, {"start": "00:40:34", "end": "00:40:38", "text": "of our portfolio in a trade, whatever."}, {"start": "00:40:36", "end": "00:40:41", "text": "So, you're kind of invest anywhere, do"}, {"start": "00:40:38", "end": "00:40:43", "text": "anything, take unlimited risk. But more"}, {"start": "00:40:41", "end": "00:40:43", "text": "importantly is it's their money."}, {"start": "00:40:43", "end": "00:40:47", "text": ">> Yeah."}, {"start": "00:40:43", "end": "00:40:48", "text": ">> It it's not an LP's money. And there's a"}, {"start": "00:40:47", "end": "00:40:51", "text": "uh there's a gentleman who I don't think"}, {"start": "00:40:48", "end": "00:40:53", "text": "he's here, but um I uh I talked to him,"}, {"start": "00:40:51", "end": "00:40:58", "text": "he uses Sylvia, and he told me that he"}, {"start": "00:40:53", "end": "00:40:59", "text": "came from a um uh a union family. And so"}, {"start": "00:40:58", "end": "00:41:01", "text": "he's like, \"I never really had money"}, {"start": "00:40:59", "end": "00:41:02", "text": "before, but through some circumstances"}, {"start": "00:41:01", "end": "00:41:04", "text": "of a company that he worked at for a"}, {"start": "00:41:02", "end": "00:41:06", "text": "long time, basically got a lump sum of"}, {"start": "00:41:04", "end": "00:41:08", "text": "money uh in like a buyout type"}, {"start": "00:41:06", "end": "00:41:11", "text": "situation.\" And this is maybe I don't"}, {"start": "00:41:08", "end": "00:41:13", "text": "know six years ago, 5 years ago. And he"}, {"start": "00:41:11", "end": "00:41:14", "text": "basically started to allocate to all the"}, {"start": "00:41:13", "end": "00:41:16", "text": "names that in hindsight were really"}, {"start": "00:41:14", "end": "00:41:18", "text": "smart. You he bought Carvana really low."}, {"start": "00:41:16", "end": "00:41:20", "text": "He sold it. He rotated into Bitcoin in"}, {"start": "00:41:18", "end": "00:41:22", "text": "the last bare market. He had Robin Hood"}, {"start": "00:41:20", "end": "00:41:23", "text": "stock early. Like he just went through a"}, {"start": "00:41:22", "end": "00:41:25", "text": "series of things that he had done this."}, {"start": "00:41:23", "end": "00:41:27", "text": "And he said, \"Look, I I made all this"}, {"start": "00:41:25", "end": "00:41:30", "text": "money.\" He goes, \"But I'm basically"}, {"start": "00:41:27", "end": "00:41:32", "text": "deathly afraid of losing it.\""}, {"start": "00:41:30", "end": "00:41:34", "text": ">> And it goes back to like, \"What does"}, {"start": "00:41:32", "end": "00:41:35", "text": "every CEO ever get told? Only the"}, {"start": "00:41:34", "end": "00:41:35", "text": "paranoid survive.\""}, {"start": "00:41:35", "end": "00:41:38", "text": ">> Yeah."}, {"start": "00:41:35", "end": "00:41:41", "text": ">> Right. And so in a weird way, like he is"}, {"start": "00:41:38", "end": "00:41:44", "text": "better positioned because to him, every"}, {"start": "00:41:41", "end": "00:41:46", "text": "single dollar means something versus a"}, {"start": "00:41:44", "end": "00:41:49", "text": "hedge fund manager who's like, \"Nah, you"}, {"start": "00:41:46", "end": "00:41:50", "text": "know, the LP is still going to be fine.\""}, {"start": "00:41:49", "end": "00:41:51", "text": "It's a very different relationship with"}, {"start": "00:41:50", "end": "00:41:53", "text": "the portfolio."}, {"start": "00:41:51", "end": "00:41:54", "text": ">> It is. And I'll say, not that the money"}, {"start": "00:41:53", "end": "00:41:56", "text": "isn't important. For some, that's"}, {"start": "00:41:54", "end": "00:42:00", "text": "definitely the driving factor. For some"}, {"start": "00:41:56", "end": "00:42:01", "text": "others, including myself, it again, I I"}, {"start": "00:42:00", "end": "00:42:03", "text": "don't want to downplay it by using the"}, {"start": "00:42:01", "end": "00:42:05", "text": "word game, but we are playing a very"}, {"start": "00:42:03", "end": "00:42:07", "text": "serious game, and it's a game that we"}, {"start": "00:42:05", "end": "00:42:08", "text": "love and we're obsessed with it. It's"}, {"start": "00:42:07", "end": "00:42:10", "text": "like a game of chess, and we want to"}, {"start": "00:42:08", "end": "00:42:13", "text": "win. And there's nothing like the"}, {"start": "00:42:10", "end": "00:42:14", "text": "feeling of getting a pick, right?"}, {"start": "00:42:13", "end": "00:42:16", "text": "Especially when the rest of the world"}, {"start": "00:42:14", "end": "00:42:18", "text": "doesn't see it and you've worked harder"}, {"start": "00:42:16", "end": "00:42:20", "text": "than anyone else. There's no I mean, the"}, {"start": "00:42:18", "end": "00:42:22", "text": "money's great, don't get me wrong, but"}, {"start": "00:42:20", "end": "00:42:25", "text": "like money is not a motivating factor"}, {"start": "00:42:22", "end": "00:42:26", "text": "for me anymore. For me, it's winning."}, {"start": "00:42:25", "end": "00:42:29", "text": "And it's not necessarily winning against"}, {"start": "00:42:26", "end": "00:42:32", "text": "others. It's like against myself. Like"}, {"start": "00:42:29", "end": "00:42:34", "text": "to be able to nail that trade that no"}, {"start": "00:42:32", "end": "00:42:36", "text": "one else saw because you worked harder"}, {"start": "00:42:34", "end": "00:42:38", "text": "than everyone else. You did more"}, {"start": "00:42:36", "end": "00:42:40", "text": "research. You kind of cut through the"}, {"start": "00:42:38", "end": "00:42:44", "text": "noise. You figured out what that"}, {"start": "00:42:40", "end": "00:42:47", "text": "marginal driver of performance or stock"}, {"start": "00:42:44", "end": "00:42:49", "text": "price or like whatever it is is. And"}, {"start": "00:42:47", "end": "00:42:52", "text": "like you found the nugget, right? And"}, {"start": "00:42:49", "end": "00:42:55", "text": "you put in months of work. That is the"}, {"start": "00:42:52", "end": "00:42:57", "text": "biggest satisfaction. And you do that"}, {"start": "00:42:55", "end": "00:42:59", "text": "because you're obsessed with this game."}, {"start": "00:42:57", "end": "00:43:01", "text": "Like like I just I'm not a gamer. I"}, {"start": "00:42:59", "end": "00:43:04", "text": "don't like actually play video games,"}, {"start": "00:43:01", "end": "00:43:06", "text": "but I assume it's the same feeling that"}, {"start": "00:43:04", "end": "00:43:07", "text": "those guys get. They want to win. They"}, {"start": "00:43:06", "end": "00:43:10", "text": "want to play to win. And like that's"}, {"start": "00:43:07", "end": "00:43:12", "text": "what I I love it so much. And I know"}, {"start": "00:43:10", "end": "00:43:15", "text": "there's other guys just like me cuz I've"}, {"start": "00:43:12", "end": "00:43:17", "text": "met them now over 20 years. They feel"}, {"start": "00:43:15", "end": "00:43:19", "text": "the same way. They just god they love"}, {"start": "00:43:17", "end": "00:43:20", "text": "just nailing that tra like Bloom Energy."}, {"start": "00:43:19", "end": "00:43:22", "text": "Like no one believed in us when we were"}, {"start": "00:43:20", "end": "00:43:25", "text": "in bloom the last 2 years. Nobody"}, {"start": "00:43:22", "end": "00:43:27", "text": "believed short sellers, short reports,"}, {"start": "00:43:25", "end": "00:43:30", "text": "everyone like ah that company sucked for"}, {"start": "00:43:27", "end": "00:43:33", "text": "13 years like like no one believed us"}, {"start": "00:43:30", "end": "00:43:35", "text": "and like we just and then here is Bloom"}, {"start": "00:43:33", "end": "00:43:38", "text": "from 30 to 300 you know in what 15"}, {"start": "00:43:35", "end": "00:43:40", "text": "months and it's like nothing beats that"}, {"start": "00:43:38", "end": "00:43:43", "text": "feeling."}, {"start": "00:43:40", "end": "00:43:44", "text": ">> What is uh the best way for people to"}, {"start": "00:43:43", "end": "00:43:46", "text": "keep learning from you? Is it the"}, {"start": "00:43:44", "end": "00:43:49", "text": "YouTube? Is it"}, {"start": "00:43:46", "end": "00:43:51", "text": ">> for me? I live on X and YouTube, but I"}, {"start": "00:43:49", "end": "00:43:52", "text": "also have like, you know, this year I"}, {"start": "00:43:51", "end": "00:43:54", "text": "realize that not everybody wants to"}, {"start": "00:43:52", "end": "00:43:56", "text": "watch an hour and a half YouTube show,"}, {"start": "00:43:54", "end": "00:43:58", "text": "Dumb Money Live, uh, and they don't want"}, {"start": "00:43:56", "end": "00:44:00", "text": "to follow me on X, cuz they just don't"}, {"start": "00:43:58", "end": "00:44:02", "text": "like. So, like I do have these like clip"}, {"start": "00:44:00", "end": "00:44:04", "text": "accounts. So, daily Chris Camilillo on"}, {"start": "00:44:02", "end": "00:44:05", "text": "Instagram, daily Chris Camilo on TikTok,"}, {"start": "00:44:04", "end": "00:44:06", "text": "whatever your favorite place is,"}, {"start": "00:44:05", "end": "00:44:08", "text": "Facebook, like there's a daily Chris"}, {"start": "00:44:06", "end": "00:44:11", "text": "Camilo and it's just like two clips a"}, {"start": "00:44:08", "end": "00:44:13", "text": "day. Very digestible because I speak"}, {"start": "00:44:11", "end": "00:44:15", "text": "forever. And so there's an editor that"}, {"start": "00:44:13", "end": "00:44:17", "text": "figures out a way to get all my BS and"}, {"start": "00:44:15", "end": "00:44:19", "text": "down to two tiny little 30-se secondond"}, {"start": "00:44:17", "end": "00:44:21", "text": "clips. Uh but yeah, you can watch Dumb"}, {"start": "00:44:19", "end": "00:44:23", "text": "Money Live. We do one a week or so and"}, {"start": "00:44:21", "end": "00:44:25", "text": "then I love X, man. I'm just like I live"}, {"start": "00:44:23", "end": "00:44:28", "text": "on X. It's my It's my community."}, {"start": "00:44:25", "end": "00:44:29", "text": ">> He really is a degenerate."}, {"start": "00:44:28", "end": "00:44:31", "text": "They [clears throat] were right."}, {"start": "00:44:29", "end": "00:44:32", "text": ">> Yeah. [laughter]"}, {"start": "00:44:31", "end": "00:44:33", "text": ">> All right, Chris. Thank you so much for"}, {"start": "00:44:32", "end": "00:44:35", "text": "doing this."}, {"start": "00:44:33", "end": "00:44:37", "text": ">> Thank you. It's been fun. makes heavy"}, {"start": "00:44:35", "end": "00:44:37", "text": "on."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "when it starts to happen, there's an AI"}, {"start": "00:00:02", "end": "00:00:06", "text": "theme behind it. I want to make sure"}, {"start": "00:00:04", "end": "00:00:11", "text": "people realize when it comes to crypto,"}, {"start": "00:00:06", "end": "00:00:12", "text": "this is 100% for me about agents. And"}, {"start": "00:00:11", "end": "00:00:15", "text": "I'm telling you, the amount of"}, {"start": "00:00:12", "end": "00:00:17", "text": "traditional people that continue to bang"}, {"start": "00:00:15", "end": "00:00:19", "text": "on my door to talk about tokenization,"}, {"start": "00:00:17", "end": "00:00:20", "text": "[music] to talk about how to make money"}, {"start": "00:00:19", "end": "00:00:22", "text": "on this. They're doing their homework"}, {"start": "00:00:20", "end": "00:00:24", "text": "now. I think next year is going to be"}, {"start": "00:00:22", "end": "00:00:26", "text": "the year that we see the biggest moves"}, {"start": "00:00:24", "end": "00:00:28", "text": "in crypto because of it. What's going"}, {"start": "00:00:26", "end": "00:00:29", "text": "on, guys? Today, we got a great"}, {"start": "00:00:28", "end": "00:00:30", "text": "conversation with Jordy Visser. In this"}, {"start": "00:00:29", "end": "00:00:33", "text": "conversation, we talk about what's going"}, {"start": "00:00:30", "end": "00:00:35", "text": "on with AI agents, how crypto and Wall"}, {"start": "00:00:33", "end": "00:00:36", "text": "Street are coming together. Then we talk"}, {"start": "00:00:35", "end": "00:00:38", "text": "about the idea of this going from a"}, {"start": "00:00:36", "end": "00:00:39", "text": "contrarian to a consensus trade. And"}, {"start": "00:00:38", "end": "00:00:41", "text": "then Jordy and I, we debate a little bit"}, {"start": "00:00:39", "end": "00:00:43", "text": "as to general purpose models versus"}, {"start": "00:00:41", "end": "00:00:45", "text": "specialized workflows. Where is value"}, {"start": "00:00:43", "end": "00:00:47", "text": "going to acrue in the AI industry? And"}, {"start": "00:00:45", "end": "00:00:48", "text": "then we get into the bubble talk. All"}, {"start": "00:00:47", "end": "00:00:50", "text": "these people worried about a big bubble."}, {"start": "00:00:48", "end": "00:00:52", "text": "And Jordy helps us separate both the"}, {"start": "00:00:50", "end": "00:00:54", "text": "signal from the noise. Here's my latest"}, {"start": "00:00:52", "end": "00:00:56", "text": "conversation with Jordy Visser. All"}, {"start": "00:00:54", "end": "00:00:58", "text": "right, Jordy. This week there's a"}, {"start": "00:00:56", "end": "00:01:00", "text": "Bloomberg piece about you. The Bloomberg"}, {"start": "00:00:58", "end": "00:01:02", "text": "piece said, \"Forget the AI bubble.\""}, {"start": "00:01:00", "end": "00:01:05", "text": "Jordie Vesser says, \"The bank apocalypse"}, {"start": "00:01:02", "end": "00:01:07", "text": "has begun.\" Congratulations on the uh"}, {"start": "00:01:05", "end": "00:01:08", "text": "Bloomberg coverage. You're a big deal"}, {"start": "00:01:07", "end": "00:01:09", "text": "now. Um but"}, {"start": "00:01:08", "end": "00:01:10", "text": ">> they waited for me to say something"}, {"start": "00:01:09", "end": "00:01:10", "text": "negative."}, {"start": "00:01:10", "end": "00:01:11", "text": ">> Negative. They didn't say anything"}, {"start": "00:01:10", "end": "00:01:13", "text": "positive."}, {"start": "00:01:11", "end": "00:01:14", "text": ">> No, no, no. The media loves a bearish"}, {"start": "00:01:13", "end": "00:01:16", "text": "thing."}, {"start": "00:01:14", "end": "00:01:18", "text": ">> Well, bank apocalypse will definitely"}, {"start": "00:01:16", "end": "00:01:20", "text": "get clicks. Uh what is the bank"}, {"start": "00:01:18", "end": "00:01:22", "text": "apocalypse and why do you think it is"}, {"start": "00:01:20", "end": "00:01:24", "text": "coming? [laughter]"}, {"start": "00:01:22", "end": "00:01:26", "text": ">> So, I posted an X that morning. I didn't"}, {"start": "00:01:24", "end": "00:01:29", "text": "see the article until someone pointed it"}, {"start": "00:01:26", "end": "00:01:31", "text": "out to me. Uh we've talked about it"}, {"start": "00:01:29", "end": "00:01:33", "text": "before, but I really did a lot of it on"}, {"start": "00:01:31", "end": "00:01:35", "text": "my my video last weekend. So rather than"}, {"start": "00:01:33", "end": "00:01:37", "text": "turn this into some like the banks are"}, {"start": "00:01:35", "end": "00:01:39", "text": "all going to go to zero thing, the"}, {"start": "00:01:37", "end": "00:01:40", "text": "software companies went through their"}, {"start": "00:01:39", "end": "00:01:43", "text": "SAS apocalypse. So number one thing,"}, {"start": "00:01:40", "end": "00:01:48", "text": "it's a play on the SAS apocalypse thing."}, {"start": "00:01:43", "end": "00:01:50", "text": "SAS got hurt for two reasons or two two"}, {"start": "00:01:48", "end": "00:01:53", "text": "stories behind it. One is the"}, {"start": "00:01:50", "end": "00:01:56", "text": "recognition from people that AI was"}, {"start": "00:01:53", "end": "00:01:58", "text": "going to disrupt seatbased SAS software."}, {"start": "00:01:56", "end": "00:01:59", "text": "Not all of software. Cyber's done well."}, {"start": "00:01:58", "end": "00:02:02", "text": "Bitcoin miners have done well. They're"}, {"start": "00:01:59", "end": "00:02:05", "text": "in there as well. Microsoft's been fine."}, {"start": "00:02:02", "end": "00:02:07", "text": "But the reality was AI hurt these"}, {"start": "00:02:05", "end": "00:02:09", "text": "companies despite the fact that they"}, {"start": "00:02:07", "end": "00:02:11", "text": "continue to print for the most part"}, {"start": "00:02:09", "end": "00:02:13", "text": "record earnings."}, {"start": "00:02:11", "end": "00:02:14", "text": "And that was a sign if you remember in"}, {"start": "00:02:13", "end": "00:02:15", "text": "that first quarter, one of the most"}, {"start": "00:02:14", "end": "00:02:18", "text": "important signals for everyone to think"}, {"start": "00:02:15", "end": "00:02:20", "text": "about when it comes to sectors is that"}, {"start": "00:02:18", "end": "00:02:23", "text": "because of exponential innovation and AI"}, {"start": "00:02:20", "end": "00:02:26", "text": "continuing to increase progress, at some"}, {"start": "00:02:23", "end": "00:02:28", "text": "point it will be a negative for almost"}, {"start": "00:02:26", "end": "00:02:30", "text": "every single industry and especially"}, {"start": "00:02:28", "end": "00:02:32", "text": "legacy industries. And I just want to"}, {"start": "00:02:30", "end": "00:02:33", "text": "make sure because I tried to I tried to"}, {"start": "00:02:32", "end": "00:02:36", "text": "show that in the expost and I'll use"}, {"start": "00:02:33", "end": "00:02:39", "text": "some of that here. I believe the banks"}, {"start": "00:02:36", "end": "00:02:42", "text": "now are going to go through a problem"}, {"start": "00:02:39", "end": "00:02:44", "text": "which is they're going to come under"}, {"start": "00:02:42", "end": "00:02:47", "text": "multiple compression over the course of"}, {"start": "00:02:44", "end": "00:02:49", "text": "the next year because of two factors."}, {"start": "00:02:47", "end": "00:02:54", "text": "One is the rise of AI agents which means"}, {"start": "00:02:49", "end": "00:02:56", "text": "consumers are going from let's say lazy"}, {"start": "00:02:54", "end": "00:02:59", "text": "individual small businesses have their"}, {"start": "00:02:56", "end": "00:03:00", "text": "money in banks that pay them zero yield."}, {"start": "00:02:59", "end": "00:03:02", "text": "That's really good for the banks when"}, {"start": "00:03:00", "end": "00:03:05", "text": "the banks can take your deposits of"}, {"start": "00:03:02", "end": "00:03:08", "text": "which there's a lot pay you zero"}, {"start": "00:03:05", "end": "00:03:12", "text": "take that money invested in treasuries"}, {"start": "00:03:08", "end": "00:03:15", "text": "yielding 4% short-term not like SVB did"}, {"start": "00:03:12", "end": "00:03:19", "text": "long-term but [snorts] shortterm uh you"}, {"start": "00:03:15", "end": "00:03:22", "text": "can get a spread on this so we saw the"}, {"start": "00:03:19", "end": "00:03:24", "text": "article from Torston Sllock with an"}, {"start": "00:03:22", "end": "00:03:26", "text": "agentic bank run so he was going a"}, {"start": "00:03:24", "end": "00:03:27", "text": "different angle but that's part of it"}, {"start": "00:03:26", "end": "00:03:28", "text": "and I don't want to say that there's"}, {"start": "00:03:27", "end": "00:03:29", "text": "going to be a run because that's what's"}, {"start": "00:03:28", "end": "00:03:31", "text": "going to happen. What I want to say is"}, {"start": "00:03:29", "end": "00:03:33", "text": "that agents are not going to make"}, {"start": "00:03:31", "end": "00:03:35", "text": "mistakes. They are going to search for"}, {"start": "00:03:33", "end": "00:03:37", "text": "the cheapest way to do thing and that"}, {"start": "00:03:35", "end": "00:03:39", "text": "means that as agents control more of the"}, {"start": "00:03:37", "end": "00:03:41", "text": "money decisions, banks are going to be"}, {"start": "00:03:39", "end": "00:03:42", "text": "in trouble. The second thing is that the"}, {"start": "00:03:41", "end": "00:03:44", "text": "guardrails are going to apply pressure"}, {"start": "00:03:42", "end": "00:03:46", "text": "as well. And this is where crypto fits"}, {"start": "00:03:44", "end": "00:03:48", "text": "in. So when you have the users, the"}, {"start": "00:03:46", "end": "00:03:50", "text": "consumers no longer being humans but"}, {"start": "00:03:48", "end": "00:03:51", "text": "being digital agents and at the same"}, {"start": "00:03:50", "end": "00:03:53", "text": "time you have financial guardrails which"}, {"start": "00:03:51", "end": "00:03:54", "text": "are being in the system more where"}, {"start": "00:03:53", "end": "00:03:56", "text": "there's same day settlement which means"}, {"start": "00:03:54", "end": "00:03:58", "text": "stable coins which means tokenization."}, {"start": "00:03:56", "end": "00:04:00", "text": "We're headed towards that settlement."}, {"start": "00:03:58", "end": "00:04:02", "text": "Long-term settlement is a good thing for"}, {"start": "00:04:00", "end": "00:04:04", "text": "banks, for Visa, for Mastercard. The"}, {"start": "00:04:02", "end": "00:04:07", "text": "longer it takes for some, somebody gets"}, {"start": "00:04:04", "end": "00:04:08", "text": "that float, somebody gets the chance to"}, {"start": "00:04:07", "end": "00:04:10", "text": "invest [clears throat] that money for a"}, {"start": "00:04:08", "end": "00:04:12", "text": "day, for 3 days, and if an instant"}, {"start": "00:04:10", "end": "00:04:14", "text": "settlement, it's not the same. So, this"}, {"start": "00:04:12", "end": "00:04:17", "text": "was really a a belief that banks will"}, {"start": "00:04:14", "end": "00:04:21", "text": "still make money. Um, but the spread,"}, {"start": "00:04:17", "end": "00:04:22", "text": "the edge that they had, their multiples"}, {"start": "00:04:21", "end": "00:04:24", "text": "over the future are going to be hit by"}, {"start": "00:04:22", "end": "00:04:26", "text": "terminal value again. So, it's not a"}, {"start": "00:04:24", "end": "00:04:28", "text": "like doom and gloom thing. I kind of"}, {"start": "00:04:26", "end": "00:04:30", "text": "played with the SAS apocalypse to create"}, {"start": "00:04:28", "end": "00:04:32", "text": "bank apocalypse. But that is what in in"}, {"start": "00:04:30", "end": "00:04:34", "text": "my opinion is certainly going to happen"}, {"start": "00:04:32", "end": "00:04:36", "text": "with the rise of consumer agents."}, {"start": "00:04:34", "end": "00:04:41", "text": ">> Is there a positive to this? Like the"}, {"start": "00:04:36", "end": "00:04:43", "text": "consumer wins in this scenario?"}, {"start": "00:04:41", "end": "00:04:45", "text": ">> Yeah, the consumer wins. The people who"}, {"start": "00:04:43", "end": "00:04:47", "text": "um invest in the financial guardrails"}, {"start": "00:04:45", "end": "00:04:49", "text": "are going to see more traffic. So if you"}, {"start": "00:04:47", "end": "00:04:51", "text": "invest in crypto and it's a small asset"}, {"start": "00:04:49", "end": "00:04:52", "text": "class, you'll do well. The the only"}, {"start": "00:04:51", "end": "00:04:55", "text": "place I see getting hurt is the"}, {"start": "00:04:52", "end": "00:04:57", "text": "middlemen. And so labor verse capital"}, {"start": "00:04:55", "end": "00:04:59", "text": "has been an issue. The consumers, we"}, {"start": "00:04:57", "end": "00:05:00", "text": "have a K-shaped economy. Anything that"}, {"start": "00:04:59", "end": "00:05:02", "text": "is going to make it more powerful to"}, {"start": "00:05:00", "end": "00:05:05", "text": "bring, you know, inflation down, at"}, {"start": "00:05:02", "end": "00:05:07", "text": "least on the service side, uh, is going"}, {"start": "00:05:05", "end": "00:05:08", "text": "to be positive in the long run. So your"}, {"start": "00:05:07", "end": "00:05:10", "text": "question, everyone should be thinking"}, {"start": "00:05:08", "end": "00:05:12", "text": "about it. What's the positive side?"}, {"start": "00:05:10", "end": "00:05:15", "text": "Well, the positive side is if we can"}, {"start": "00:05:12", "end": "00:05:17", "text": "reduce the fees, you'd be shocked at how"}, {"start": "00:05:15", "end": "00:05:19", "text": "much money the banks take purely on a"}, {"start": "00:05:17", "end": "00:05:21", "text": "spread basis from everyone. Well, the"}, {"start": "00:05:19", "end": "00:05:25", "text": "reason I say that is uh we never see the"}, {"start": "00:05:21", "end": "00:05:26", "text": "headlines of the positive news. Like uh"}, {"start": "00:05:25", "end": "00:05:27", "text": "one of the chapters in the book I just"}, {"start": "00:05:26", "end": "00:05:30", "text": "wrote actually I don't know if you know"}, {"start": "00:05:27", "end": "00:05:33", "text": "this is uh uh planes that land safely"}, {"start": "00:05:30", "end": "00:05:35", "text": "never make the news right and so like"}, {"start": "00:05:33", "end": "00:05:37", "text": "same thing here is when people see"}, {"start": "00:05:35", "end": "00:05:39", "text": "disruption occurring they always cover"}, {"start": "00:05:37", "end": "00:05:43", "text": "it from the angle of who is being"}, {"start": "00:05:39", "end": "00:05:46", "text": "disrupted. They never are like consumers"}, {"start": "00:05:43", "end": "00:05:47", "text": "will make X billion dollars more because"}, {"start": "00:05:46", "end": "00:05:50", "text": "they now will have their money not"}, {"start": "00:05:47", "end": "00:05:53", "text": "parked in you know low yielding assets"}, {"start": "00:05:50", "end": "00:05:56", "text": "or whatever. So, the perspective I think"}, {"start": "00:05:53", "end": "00:05:58", "text": "matters, but it also plays into I don't"}, {"start": "00:05:56", "end": "00:06:00", "text": "know if you saw Paul Graham uh this"}, {"start": "00:05:58", "end": "00:06:02", "text": "week, uh Amazon made the decision to"}, {"start": "00:06:00", "end": "00:06:05", "text": "stop I think it was Muse and some other"}, {"start": "00:06:02", "end": "00:06:06", "text": "bots or agents from accessing Amazon."}, {"start": "00:06:05", "end": "00:06:08", "text": "And he came out and I thought it was"}, {"start": "00:06:06", "end": "00:06:11", "text": "probably one of the most interesting"}, {"start": "00:06:08", "end": "00:06:14", "text": "perspectives uh this week was the first"}, {"start": "00:06:11", "end": "00:06:18", "text": "time in decades that he believes someone"}, {"start": "00:06:14", "end": "00:06:20", "text": "could expose or exploit a wedge to"}, {"start": "00:06:18", "end": "00:06:22", "text": "disrupt Amazon. and his point was if"}, {"start": "00:06:20", "end": "00:06:24", "text": "somebody could build an Amazon that was"}, {"start": "00:06:22", "end": "00:06:24", "text": "made for the agents"}, {"start": "00:06:24", "end": "00:06:27", "text": ">> that could [clears throat] be very"}, {"start": "00:06:24", "end": "00:06:29", "text": "disruptive. Now, Shopify, I think, is"}, {"start": "00:06:27", "end": "00:06:32", "text": "leaning into, hey, how do your agents"}, {"start": "00:06:29", "end": "00:06:33", "text": "come and buy things and do all this, but"}, {"start": "00:06:32", "end": "00:06:36", "text": "that feels like the banks are the same"}, {"start": "00:06:33", "end": "00:06:38", "text": "thing. Like, if somebody builds a bank"}, {"start": "00:06:36", "end": "00:06:39", "text": "that is agentfriendly, it's probably"}, {"start": "00:06:38", "end": "00:06:42", "text": "going to be pretty valuable, right?"}, {"start": "00:06:39", "end": "00:06:46", "text": "Well, let's separate the bank, meaning"}, {"start": "00:06:42", "end": "00:06:47", "text": "where you place your money. If they pay"}, {"start": "00:06:46", "end": "00:06:50", "text": "you the fair spread, meaning if you"}, {"start": "00:06:47", "end": "00:06:51", "text": "deposit money in a bank and they pay you"}, {"start": "00:06:50", "end": "00:06:54", "text": "and all you're doing is I'm getting"}, {"start": "00:06:51", "end": "00:06:56", "text": "interest on that money, then there's the"}, {"start": "00:06:54", "end": "00:06:58", "text": "other service side. They call you up. We"}, {"start": "00:06:56", "end": "00:06:59", "text": "want you to invest. You know, they all"}, {"start": "00:06:58", "end": "00:07:00", "text": "own brokerage houses. They all own they"}, {"start": "00:06:59", "end": "00:07:02", "text": "want they want to make sure they're"}, {"start": "00:07:00", "end": "00:07:05", "text": "making money. This is this is the"}, {"start": "00:07:02", "end": "00:07:09", "text": "service side of the business. Stripe is"}, {"start": "00:07:05", "end": "00:07:10", "text": "not a bank, but Stripe is competing with"}, {"start": "00:07:09", "end": "00:07:12", "text": "all of them. And that's what I included"}, {"start": "00:07:10", "end": "00:07:15", "text": "in the piece. This weekend I will go"}, {"start": "00:07:12", "end": "00:07:18", "text": "through about 15 slides of Stripe. City"}, {"start": "00:07:15", "end": "00:07:23", "text": "Bank is a $200 billion market cap"}, {"start": "00:07:18", "end": "00:07:26", "text": "company with $200,000 people."}, {"start": "00:07:23", "end": "00:07:29", "text": "Stripe has 10,000 people. It's about $"}, {"start": "00:07:26", "end": "00:07:32", "text": "160 billion currently off the latest"}, {"start": "00:07:29", "end": "00:07:34", "text": "valuations. If you go through their M&A"}, {"start": "00:07:32", "end": "00:07:36", "text": "activity, if you go through their"}, {"start": "00:07:34", "end": "00:07:38", "text": "volumes, their revenue is up 41%"}, {"start": "00:07:36", "end": "00:07:40", "text": "year-over-year according to them. You go"}, {"start": "00:07:38", "end": "00:07:42", "text": "through every metric in their revenue"}, {"start": "00:07:40", "end": "00:07:44", "text": "side. They have already built for the"}, {"start": "00:07:42", "end": "00:07:46", "text": "crypto world. They already are set up"}, {"start": "00:07:44", "end": "00:07:47", "text": "for this. They're already set up for the"}, {"start": "00:07:46", "end": "00:07:50", "text": "agentic side. They've been talking about"}, {"start": "00:07:47", "end": "00:07:53", "text": "agentic commerce for a long time. These"}, {"start": "00:07:50", "end": "00:07:54", "text": "older banks, of which I worked for one,"}, {"start": "00:07:53", "end": "00:07:57", "text": "it's very hard to get through the"}, {"start": "00:07:54", "end": "00:07:58", "text": "bureaucracy and make a decision. They've"}, {"start": "00:07:57", "end": "00:08:00", "text": "always had the ability and this is one"}, {"start": "00:07:58", "end": "00:08:02", "text": "of the things that I think people should"}, {"start": "00:08:00", "end": "00:08:04", "text": "just really listen to when it comes to"}, {"start": "00:08:02", "end": "00:08:06", "text": "something that I feel by using AI and"}, {"start": "00:08:04", "end": "00:08:09", "text": "why I try to help people use it as much"}, {"start": "00:08:06", "end": "00:08:12", "text": "as you can. The progress is insanely"}, {"start": "00:08:09", "end": "00:08:14", "text": "fast. As you and I both know, these"}, {"start": "00:08:12", "end": "00:08:15", "text": "businesses never move fast into"}, {"start": "00:08:14", "end": "00:08:17", "text": "something. First of all, there's a"}, {"start": "00:08:15", "end": "00:08:19", "text": "calendar year, the summertime, nothing"}, {"start": "00:08:17", "end": "00:08:20", "text": "gets done. And then you come back in"}, {"start": "00:08:19", "end": "00:08:21", "text": "September and they start focusing on"}, {"start": "00:08:20", "end": "00:08:24", "text": "when they're going to pay people for"}, {"start": "00:08:21", "end": "00:08:26", "text": "bonuses. And that process, trust me,"}, {"start": "00:08:24", "end": "00:08:29", "text": "it's a while. Then they've got to do 360"}, {"start": "00:08:26", "end": "00:08:31", "text": "uh reviews. Then they have to hand out"}, {"start": "00:08:29", "end": "00:08:34", "text": "the bonuses. They have to sit and put a"}, {"start": "00:08:31", "end": "00:08:37", "text": "budget in for the next year. This is all"}, {"start": "00:08:34", "end": "00:08:39", "text": "time. AI doesn't wait for that. Stripe"}, {"start": "00:08:37", "end": "00:08:40", "text": "doesn't wait for that. They don't have"}, {"start": "00:08:39", "end": "00:08:42", "text": "the amount of people that Croup does."}, {"start": "00:08:40", "end": "00:08:44", "text": "They don't have to bring in the managers"}, {"start": "00:08:42", "end": "00:08:46", "text": "from overseas. They don't it's a it's a"}, {"start": "00:08:44", "end": "00:08:49", "text": "completely different side. So I think"}, {"start": "00:08:46", "end": "00:08:51", "text": "the nimble companies and what Paul said"}, {"start": "00:08:49", "end": "00:08:53", "text": "about Amazon, if I remember exactly what"}, {"start": "00:08:51", "end": "00:08:55", "text": "it said, he basically said never in"}, {"start": "00:08:53", "end": "00:08:58", "text": "their history have they been in have had"}, {"start": "00:08:55", "end": "00:08:59", "text": "to do this. The reason I think this is"}, {"start": "00:08:58", "end": "00:09:02", "text": "important for people to think about when"}, {"start": "00:08:59", "end": "00:09:04", "text": "it comes to the hyperscalers, I say all"}, {"start": "00:09:02", "end": "00:09:06", "text": "the time, you have to look at how these"}, {"start": "00:09:04", "end": "00:09:10", "text": "Mag not the Mag 7, but let's well let's"}, {"start": "00:09:06", "end": "00:09:11", "text": "say the Mag 7 became so big. They don't"}, {"start": "00:09:10", "end": "00:09:14", "text": "compete with each other for the most"}, {"start": "00:09:11", "end": "00:09:16", "text": "part. Apple, Apple has its own business"}, {"start": "00:09:14", "end": "00:09:19", "text": "model. Amazon has its own business"}, {"start": "00:09:16", "end": "00:09:21", "text": "model. Google has its own. AI agents cut"}, {"start": "00:09:19", "end": "00:09:23", "text": "through all of them. They all want"}, {"start": "00:09:21", "end": "00:09:25", "text": "consumer agents. And if they start"}, {"start": "00:09:23", "end": "00:09:27", "text": "playing this game of we're not allowing"}, {"start": "00:09:25", "end": "00:09:29", "text": "Muse to come in because we're waiting on"}, {"start": "00:09:27", "end": "00:09:31", "text": "Alexa. And then Siri does the same"}, {"start": "00:09:29", "end": "00:09:34", "text": "thing. Apple also announced they're"}, {"start": "00:09:31", "end": "00:09:36", "text": "changing the iOS and they said it was"}, {"start": "00:09:34", "end": "00:09:38", "text": "because they didn't want agents"}, {"start": "00:09:36", "end": "00:09:40", "text": "penetrating. So, they use the scare"}, {"start": "00:09:38", "end": "00:09:42", "text": "tactic as opposed to no, we don't want"}, {"start": "00:09:40", "end": "00:09:44", "text": "agents to get into this. I would love it"}, {"start": "00:09:42", "end": "00:09:47", "text": "right now if my AI agent in Muse could"}, {"start": "00:09:44", "end": "00:09:49", "text": "get my Apple messages. It would make"}, {"start": "00:09:47", "end": "00:09:51", "text": "make it a lot easier. I think [snorts]"}, {"start": "00:09:49", "end": "00:09:53", "text": "they're all now in trouble that they're"}, {"start": "00:09:51", "end": "00:09:56", "text": "all basically trying to defend their"}, {"start": "00:09:53", "end": "00:09:58", "text": "turf. So, they're playing for the same"}, {"start": "00:09:56", "end": "00:10:00", "text": "TAM now. And that means that their"}, {"start": "00:09:58", "end": "00:10:02", "text": "business to me is being disrupted. And I"}, {"start": "00:10:00", "end": "00:10:04", "text": "think Amazon, what Paul Graham wrote is"}, {"start": "00:10:02", "end": "00:10:06", "text": "just a sign that they don't know what to"}, {"start": "00:10:04", "end": "00:10:08", "text": "do because these companies are big"}, {"start": "00:10:06", "end": "00:10:10", "text": "bureaucracies. Now,"}, {"start": "00:10:08", "end": "00:10:12", "text": ">> uh Elon Musk tweeted uh two or three"}, {"start": "00:10:10", "end": "00:10:16", "text": "days ago saying that Grock was going to"}, {"start": "00:10:12", "end": "00:10:18", "text": "open up the backend to any model. And"}, {"start": "00:10:16", "end": "00:10:22", "text": "for those that are unfamiliar, um, if"}, {"start": "00:10:18", "end": "00:10:24", "text": "you use OpenAI, they will give you"}, {"start": "00:10:22", "end": "00:10:26", "text": "either a model that you select or if you"}, {"start": "00:10:24", "end": "00:10:29", "text": "are just talking to ChatgBT, they may"}, {"start": "00:10:26", "end": "00:10:33", "text": "route your query to an OpenAI family of"}, {"start": "00:10:29", "end": "00:10:37", "text": "models. They would never send your query"}, {"start": "00:10:33", "end": "00:10:40", "text": "on ChatgBT to Anthropic, Claude, etc."}, {"start": "00:10:37", "end": "00:10:42", "text": "Grock historically has used their"}, {"start": "00:10:40", "end": "00:10:43", "text": "internal stuff, but now they're opening"}, {"start": "00:10:42", "end": "00:10:44", "text": "it up and they're saying, \"Well, we're"}, {"start": "00:10:43", "end": "00:10:46", "text": "going to actually just route to whoever"}, {"start": "00:10:44", "end": "00:10:48", "text": "is the best model.\" To answer your"}, {"start": "00:10:46", "end": "00:10:50", "text": "question,"}, {"start": "00:10:48", "end": "00:10:53", "text": "if that forces the hand of the other"}, {"start": "00:10:50", "end": "00:10:56", "text": "players, to me, that signals that the"}, {"start": "00:10:53", "end": "00:10:59", "text": "models are commoditized and now the"}, {"start": "00:10:56", "end": "00:11:01", "text": "value of those models becomes much more"}, {"start": "00:10:59", "end": "00:11:02", "text": "in question than they already are. I"}, {"start": "00:11:01", "end": "00:11:05", "text": "personally think that's where we're"}, {"start": "00:11:02", "end": "00:11:07", "text": "headed. like we bet Sylvia on this of"}, {"start": "00:11:05", "end": "00:11:09", "text": "building a model router and saying hey"}, {"start": "00:11:07", "end": "00:11:10", "text": "we don't really care what the model is"}, {"start": "00:11:09", "end": "00:11:14", "text": "we just want it to be the best one to"}, {"start": "00:11:10", "end": "00:11:16", "text": "answer uh for the uh end user now Elon's"}, {"start": "00:11:14", "end": "00:11:19", "text": "doing it does that force open AI and"}, {"start": "00:11:16", "end": "00:11:20", "text": "anthropic both to open up themselves as"}, {"start": "00:11:19", "end": "00:11:22", "text": "well or do you think that they can keep"}, {"start": "00:11:20", "end": "00:11:25", "text": "these kind of closed you know kingdoms"}, {"start": "00:11:22", "end": "00:11:26", "text": "and uh similar to how Amazon seems to be"}, {"start": "00:11:25", "end": "00:11:28", "text": "kind of creating a closed kingdom like"}, {"start": "00:11:26", "end": "00:11:30", "text": "we we're playing this game of like"}, {"start": "00:11:28", "end": "00:11:32", "text": "bundling and unbundling that is like the"}, {"start": "00:11:30", "end": "00:11:33", "text": "story of you know business and finance"}, {"start": "00:11:32", "end": "00:11:36", "text": "for decades"}, {"start": "00:11:33", "end": "00:11:39", "text": "So, this is the one place where you fit"}, {"start": "00:11:36", "end": "00:11:41", "text": "in with the masses. So, when we when we"}, {"start": "00:11:39", "end": "00:11:42", "text": "talk like I disagree with where you're"}, {"start": "00:11:41", "end": "00:11:43", "text": "headed with this,"}, {"start": "00:11:42", "end": "00:11:45", "text": ">> okay,"}, {"start": "00:11:43", "end": "00:11:46", "text": ">> um, and I I've heard this repeatedly"}, {"start": "00:11:45", "end": "00:11:47", "text": "from people over the course of the next"}, {"start": "00:11:46", "end": "00:11:51", "text": "six months. This is not exactly what"}, {"start": "00:11:47", "end": "00:11:54", "text": "you're saying, but it's pretty close."}, {"start": "00:11:51", "end": "00:11:56", "text": ">> Open AAI and so ChatGpt and Claude are"}, {"start": "00:11:54", "end": "00:11:58", "text": "the best models, plain and simple. Like,"}, {"start": "00:11:56", "end": "00:11:59", "text": "I don't care what anyone says to me as"}, {"start": "00:11:58", "end": "00:12:02", "text": "someone who uses all of them and has"}, {"start": "00:11:59", "end": "00:12:04", "text": "used open source models. The best model"}, {"start": "00:12:02", "end": "00:12:06", "text": "right now is Opus 5.5. The next best"}, {"start": "00:12:04", "end": "00:12:08", "text": ">> for general general purpose stuff."}, {"start": "00:12:06", "end": "00:12:11", "text": ">> No, no. For the stuff that I do, so that"}, {"start": "00:12:08", "end": "00:12:13", "text": "includes images, video, like a general"}, {"start": "00:12:11", "end": "00:12:17", "text": "model that will do everything that I"}, {"start": "00:12:13", "end": "00:12:18", "text": "need. Not like Gemini makes a lot of"}, {"start": "00:12:17", "end": "00:12:22", "text": "mistakes and it comes back with answers"}, {"start": "00:12:18", "end": "00:12:24", "text": "that are ridiculous. Opus 4 Opus 5.5 is"}, {"start": "00:12:22", "end": "00:12:26", "text": "a game changer. Now, here's the thing."}, {"start": "00:12:24", "end": "00:12:27", "text": ">> You tell Gemini it's silly."}, {"start": "00:12:26", "end": "00:12:28", "text": ">> You know, it's the most disrespectful"}, {"start": "00:12:27", "end": "00:12:30", "text": "thing you can say to a man. It's just"}, {"start": "00:12:28", "end": "00:12:32", "text": "you're silly."}, {"start": "00:12:30", "end": "00:12:35", "text": "I don't understand."}, {"start": "00:12:32", "end": "00:12:37", "text": "So I I'm maybe it's because I use them"}, {"start": "00:12:35", "end": "00:12:40", "text": "so much that"}, {"start": "00:12:37", "end": "00:12:42", "text": ">> I don't get frustrated by the answers. I"}, {"start": "00:12:40", "end": "00:12:44", "text": "don't have to explain twice to them. And"}, {"start": "00:12:42", "end": "00:12:45", "text": "trust me, you have employees and you"}, {"start": "00:12:44", "end": "00:12:46", "text": "know which ones you might have to say"}, {"start": "00:12:45", "end": "00:12:48", "text": "something twice to."}, {"start": "00:12:46", "end": "00:12:51", "text": ">> Listen, I today's episode is brought to"}, {"start": "00:12:48", "end": "00:12:52", "text": "you by Arch Public. Arch Public has just"}, {"start": "00:12:51", "end": "00:12:54", "text": "expanded its agentic trading platform"}, {"start": "00:12:52", "end": "00:12:56", "text": "beyond crypto. So pay attention. This is"}, {"start": "00:12:54", "end": "00:12:58", "text": "a big one. Now, they are automating"}, {"start": "00:12:56", "end": "00:13:00", "text": "strategies across stocks, commodities,"}, {"start": "00:12:58", "end": "00:13:02", "text": "and ETFs. And I think that this is going"}, {"start": "00:13:00", "end": "00:13:04", "text": "to be huge. You can now automatically"}, {"start": "00:13:02", "end": "00:13:05", "text": "take profits when one market hits new"}, {"start": "00:13:04", "end": "00:13:07", "text": "all-time highs and rotate that capital"}, {"start": "00:13:05", "end": "00:13:09", "text": "into other markets, showing more"}, {"start": "00:13:07", "end": "00:13:11", "text": "opportunity. Whether you're rotating"}, {"start": "00:13:09", "end": "00:13:12", "text": "capital into AI stocks, gold, if you're"}, {"start": "00:13:11", "end": "00:13:14", "text": "investing in the S&P 500, or you're"}, {"start": "00:13:12", "end": "00:13:16", "text": "accumulating Bitcoin, Arch Public brings"}, {"start": "00:13:14", "end": "00:13:18", "text": "real discipline and automation to your"}, {"start": "00:13:16", "end": "00:13:20", "text": "investment strategy. Additionally,"}, {"start": "00:13:18", "end": "00:13:22", "text": "they've launched a powerful new tax loss"}, {"start": "00:13:20", "end": "00:13:24", "text": "harvesting tool. With crypto being so"}, {"start": "00:13:22", "end": "00:13:26", "text": "volatile and its exemption from the wash"}, {"start": "00:13:24", "end": "00:13:28", "text": "sale rule, Arch Public can offset gains"}, {"start": "00:13:26", "end": "00:13:30", "text": "with losses without compromising your"}, {"start": "00:13:28", "end": "00:13:32", "text": "long-term positions. It's exactly what"}, {"start": "00:13:30", "end": "00:13:33", "text": "every serious investor does."}, {"start": "00:13:32", "end": "00:13:35", "text": "Institutional grade automation that"}, {"start": "00:13:33", "end": "00:13:37", "text": "works across every major asset class."}, {"start": "00:13:35", "end": "00:13:39", "text": "There's no more emotional trading, no"}, {"start": "00:13:37", "end": "00:13:41", "text": "more missing tax opportunities, just"}, {"start": "00:13:39", "end": "00:13:42", "text": "smarter, hands-free execution of your"}, {"start": "00:13:41", "end": "00:13:44", "text": "preferred strategies. Go to"}, {"start": "00:13:42", "end": "00:13:46", "text": "archpubic.com"}, {"start": "00:13:44", "end": "00:13:47", "text": "right now. Connect with their team. Set"}, {"start": "00:13:46", "end": "00:13:49", "text": "up a time. Bring your accountant if"}, {"start": "00:13:47", "end": "00:13:51", "text": "you'd like. Then you can learn what"}, {"start": "00:13:49", "end": "00:13:52", "text": "automated trading can do for you."}, {"start": "00:13:51", "end": "00:13:55", "text": "archpub.com."}, {"start": "00:13:52", "end": "00:13:57", "text": ">> I'm a very big believer and uh have"}, {"start": "00:13:55", "end": "00:13:59", "text": "always said I think that people"}, {"start": "00:13:57", "end": "00:14:01", "text": "underestimate the importance of their"}, {"start": "00:13:59", "end": "00:14:02", "text": "intuition because it is you know it's"}, {"start": "00:14:01", "end": "00:14:04", "text": "your human algorithm. You've been"}, {"start": "00:14:02", "end": "00:14:06", "text": "training it. Just as there are"}, {"start": "00:14:04", "end": "00:14:07", "text": "benchmarks that are these like objective"}, {"start": "00:14:06", "end": "00:14:10", "text": "open- source benchmarks that all the"}, {"start": "00:14:07", "end": "00:14:13", "text": "models try to you know game or whatever"}, {"start": "00:14:10", "end": "00:14:16", "text": "you have a Jordy benchmark and what"}, {"start": "00:14:13", "end": "00:14:18", "text": "you're describing is that opus is 5.5 is"}, {"start": "00:14:16", "end": "00:14:21", "text": "the leading model in the Jordy"}, {"start": "00:14:18", "end": "00:14:23", "text": "benchmark. Yes. And it's not just for"}, {"start": "00:14:21", "end": "00:14:25", "text": "me."}, {"start": "00:14:23", "end": "00:14:27", "text": "How many times does Grock get announced"}, {"start": "00:14:25", "end": "00:14:29", "text": "as solving the greatest math problems"}, {"start": "00:14:27", "end": "00:14:32", "text": "ever? How many who's in the fight for"}, {"start": "00:14:29", "end": "00:14:34", "text": "that? Like it's not just me. Who finds"}, {"start": "00:14:32", "end": "00:14:38", "text": "an enzyme for crisper?"}, {"start": "00:14:34", "end": "00:14:41", "text": "Okay, that used to be Google. That's"}, {"start": "00:14:38", "end": "00:14:42", "text": "what Alph Go was. That's what Alpha Fold"}, {"start": "00:14:41", "end": "00:14:44", "text": "was. That's not what's happening"}, {"start": "00:14:42", "end": "00:14:47", "text": "anymore. The stuff that's happening is"}, {"start": "00:14:44", "end": "00:14:49", "text": "in these models. And here's the issue."}, {"start": "00:14:47", "end": "00:14:52", "text": "when you start realizing how much"}, {"start": "00:14:49", "end": "00:14:54", "text": "compute is needed for consumer agents."}, {"start": "00:14:52", "end": "00:14:56", "text": "So the Paul Graham thing what what you"}, {"start": "00:14:54", "end": "00:15:01", "text": "didn't see Elon"}, {"start": "00:14:56", "end": "00:15:02", "text": "also posted that and said seriously like"}, {"start": "00:15:01", "end": "00:15:04", "text": "this is we're going to have"}, {"start": "00:15:02", "end": "00:15:06", "text": "commoditization in intelligence. There's"}, {"start": "00:15:04", "end": "00:15:08", "text": "no doubt about it. The difference is and"}, {"start": "00:15:06", "end": "00:15:10", "text": "what people don't realize the amount of"}, {"start": "00:15:08", "end": "00:15:12", "text": "compute you have leads to the models"}, {"start": "00:15:10", "end": "00:15:15", "text": "being more efficient. So, if you haven't"}, {"start": "00:15:12", "end": "00:15:19", "text": "felt this yet, [clears throat]"}, {"start": "00:15:15", "end": "00:15:21", "text": "I'm I'm surprised the cost of the models"}, {"start": "00:15:19", "end": "00:15:24", "text": "for like Opus 5.5, they're getting more"}, {"start": "00:15:21", "end": "00:15:26", "text": "efficient because they have a ton of"}, {"start": "00:15:24", "end": "00:15:28", "text": "compute power behind it. But if it takes"}, {"start": "00:15:26", "end": "00:15:31", "text": "you"}, {"start": "00:15:28", "end": "00:15:33", "text": "2 minutes to get to an answer in Opus"}, {"start": "00:15:31", "end": "00:15:36", "text": "5.5 and a cheaper open-source model"}, {"start": "00:15:33", "end": "00:15:38", "text": "takes you 12 minutes. When you add up"}, {"start": "00:15:36", "end": "00:15:40", "text": "the token usage and the cost and it"}, {"start": "00:15:38", "end": "00:15:42", "text": "comes through, the time does matter. not"}, {"start": "00:15:40", "end": "00:15:45", "text": "just the answer. And I think everything"}, {"start": "00:15:42", "end": "00:15:47", "text": "in AI is about the time relationship to"}, {"start": "00:15:45", "end": "00:15:49", "text": "the probability of getting the right"}, {"start": "00:15:47", "end": "00:15:51", "text": "answer. So everyone only talks about the"}, {"start": "00:15:49", "end": "00:15:53", "text": "cost side. That's not the way the world"}, {"start": "00:15:51", "end": "00:15:55", "text": "works. We have cheap cars. We have"}, {"start": "00:15:53", "end": "00:15:57", "text": "expensive cars. Like everything in life"}, {"start": "00:15:55", "end": "00:15:59", "text": "becomes that. I just think for solving"}, {"start": "00:15:57", "end": "00:16:01", "text": "cancer, for solving the greatest"}, {"start": "00:15:59", "end": "00:16:03", "text": "problems in the world that people are"}, {"start": "00:16:01", "end": "00:16:04", "text": "going to need to get to space to do"}, {"start": "00:16:03", "end": "00:16:06", "text": "this, we're getting there's going to be"}, {"start": "00:16:04", "end": "00:16:08", "text": "highlevel things that are going to take"}, {"start": "00:16:06", "end": "00:16:10", "text": "these models. And the problem is"}, {"start": "00:16:08", "end": "00:16:13", "text": "Anthropic and OpenAI are going to own"}, {"start": "00:16:10", "end": "00:16:15", "text": "most of the compute going forward. And"}, {"start": "00:16:13", "end": "00:16:17", "text": "if the compute matters that much, which"}, {"start": "00:16:15", "end": "00:16:20", "text": "it will because I still will keep saying"}, {"start": "00:16:17", "end": "00:16:22", "text": "and I hear this on the other side,"}, {"start": "00:16:20", "end": "00:16:24", "text": "people still fight on like there's a"}, {"start": "00:16:22", "end": "00:16:26", "text": "bubble coming like we are so early in"}, {"start": "00:16:24", "end": "00:16:29", "text": "the demand side of tokens. So early the"}, {"start": "00:16:26", "end": "00:16:31", "text": "coding agents didn't even exist a year"}, {"start": "00:16:29", "end": "00:16:33", "text": "ago. So that just started the adoption"}, {"start": "00:16:31", "end": "00:16:34", "text": "that means for corporations we went"}, {"start": "00:16:33", "end": "00:16:36", "text": "through token maxing. Now we're going"}, {"start": "00:16:34", "end": "00:16:37", "text": "through okay we can't throw this much"}, {"start": "00:16:36", "end": "00:16:39", "text": "money at it. We have to be more"}, {"start": "00:16:37", "end": "00:16:40", "text": "efficient with our thoughts. Well,"}, {"start": "00:16:39", "end": "00:16:41", "text": "they're figuring out how to do that. The"}, {"start": "00:16:40", "end": "00:16:43", "text": "models keep progressing and getting"}, {"start": "00:16:41", "end": "00:16:45", "text": "better. And Ver Rubin's going to come"}, {"start": "00:16:43", "end": "00:16:47", "text": "out next year. As Ver Rubin comes for"}, {"start": "00:16:45", "end": "00:16:49", "text": "the same amount of gigawatts, you're"}, {"start": "00:16:47", "end": "00:16:52", "text": "getting more. Well, who owns most of"}, {"start": "00:16:49", "end": "00:16:54", "text": "that? The really smart groups own most"}, {"start": "00:16:52", "end": "00:16:56", "text": "of that. So, that's where OpenAI"}, {"start": "00:16:54", "end": "00:16:58", "text": "Anthropic, but also Elon Musk, he owns a"}, {"start": "00:16:56", "end": "00:17:00", "text": "lot of it, too. He's been buying as much"}, {"start": "00:16:58", "end": "00:17:02", "text": "Ver Rubin as he can. So, I think we're"}, {"start": "00:17:00", "end": "00:17:04", "text": "going to get to a point as you move down"}, {"start": "00:17:02", "end": "00:17:06", "text": "the road that the open source is fine"}, {"start": "00:17:04", "end": "00:17:10", "text": "for the majority of tasks. 90% of them"}, {"start": "00:17:06", "end": "00:17:13", "text": "will be close to zero. But for the 10%"}, {"start": "00:17:10", "end": "00:17:14", "text": "the total TAM of that 10% is going to"}, {"start": "00:17:13", "end": "00:17:16", "text": "continue to grow through adoption. And"}, {"start": "00:17:14", "end": "00:17:18", "text": "that's where Jevans paradox actually"}, {"start": "00:17:16", "end": "00:17:19", "text": "matters because the cost of it and the"}, {"start": "00:17:18", "end": "00:17:21", "text": "efficiency will keep going. And that's"}, {"start": "00:17:19", "end": "00:17:22", "text": "really important for people when they"}, {"start": "00:17:21", "end": "00:17:24", "text": "think about investing because I will"}, {"start": "00:17:22", "end": "00:17:26", "text": "continue to say there are two themes"}, {"start": "00:17:24", "end": "00:17:29", "text": "that I care about right now. Agentic"}, {"start": "00:17:26", "end": "00:17:31", "text": "compute. So the AI infrastructure and"}, {"start": "00:17:29", "end": "00:17:33", "text": "the financial guardrails. That's what I"}, {"start": "00:17:31", "end": "00:17:34", "text": "believe over the next one year will"}, {"start": "00:17:33", "end": "00:17:36", "text": "create the alpha. And if you look back"}, {"start": "00:17:34", "end": "00:17:38", "text": "over the last four years, the alpha has"}, {"start": "00:17:36", "end": "00:17:40", "text": "all been about AI."}, {"start": "00:17:38", "end": "00:17:41", "text": ">> So I have uh somewhat of a hot take."}, {"start": "00:17:40", "end": "00:17:44", "text": ">> Good."}, {"start": "00:17:41", "end": "00:17:47", "text": ">> The big labs already are behind in two"}, {"start": "00:17:44", "end": "00:17:50", "text": "very important ways. What are the"}, {"start": "00:17:47", "end": "00:17:54", "text": "leading personal agents?"}, {"start": "00:17:50", "end": "00:17:56", "text": "Muse and Instinct, not the big labs. I"}, {"start": "00:17:54", "end": "00:17:57", "text": "know they launched DOTs. We'll see what"}, {"start": "00:17:56", "end": "00:18:00", "text": "happens, but Muse and Instinct are out"}, {"start": "00:17:57", "end": "00:18:03", "text": "in front leading in those two."}, {"start": "00:18:00", "end": "00:18:07", "text": "When you look at specific applications,"}, {"start": "00:18:03", "end": "00:18:09", "text": "legal, finance, etc., the large language"}, {"start": "00:18:07", "end": "00:18:10", "text": "models are not the leading models."}, {"start": "00:18:09", "end": "00:18:12", "text": "They're leading in general purpose, but"}, {"start": "00:18:10", "end": "00:18:14", "text": "when you start to get specific, they're"}, {"start": "00:18:12", "end": "00:18:16", "text": "not. When you look at it on a cost"}, {"start": "00:18:14", "end": "00:18:19", "text": "perspective, I can just go off of our"}, {"start": "00:18:16", "end": "00:18:23", "text": "data. If I process 500 million tokens"}, {"start": "00:18:19", "end": "00:18:24", "text": "from uh on Claude, about $5,000. If we"}, {"start": "00:18:23", "end": "00:18:27", "text": "process the same 500 million tokens on"}, {"start": "00:18:24", "end": "00:18:30", "text": "our own model and our own hardware, it's"}, {"start": "00:18:27", "end": "00:18:32", "text": "97% cheaper. So"}, {"start": "00:18:30", "end": "00:18:34", "text": "what I think is going to happen, but I"}, {"start": "00:18:32", "end": "00:18:36", "text": "think the fact that you and I don't"}, {"start": "00:18:34", "end": "00:18:37", "text": "agree on this actually is like maybe"}, {"start": "00:18:36", "end": "00:18:41", "text": "that's the story of like nobody really"}, {"start": "00:18:37", "end": "00:18:44", "text": "knows, right? Is you're going to start"}, {"start": "00:18:41", "end": "00:18:46", "text": "to see the large language model say we"}, {"start": "00:18:44", "end": "00:18:48", "text": "got to pick our battles. Where do we go"}, {"start": "00:18:46", "end": "00:18:50", "text": "and fight to win because just having the"}, {"start": "00:18:48", "end": "00:18:53", "text": "general purpose model is actually not"}, {"start": "00:18:50", "end": "00:18:56", "text": "going to be as valuable because of the"}, {"start": "00:18:53", "end": "00:18:58", "text": "commoditization. And so we should"}, {"start": "00:18:56", "end": "00:18:59", "text": "accelerate into specific use cases."}, {"start": "00:18:58", "end": "00:19:00", "text": "Anthropic recently announced that"}, {"start": "00:18:59", "end": "00:19:03", "text": "they're going to go really heavy into"}, {"start": "00:19:00", "end": "00:19:05", "text": "bio and all the biotech stuff they want"}, {"start": "00:19:03", "end": "00:19:07", "text": "to go do. It feels like they think that"}, {"start": "00:19:05", "end": "00:19:08", "text": "is a massive opportunity. If they can"}, {"start": "00:19:07", "end": "00:19:11", "text": "win there, that is trillions of dollars"}, {"start": "00:19:08", "end": "00:19:13", "text": "of value that they can create. Open AAI"}, {"start": "00:19:11", "end": "00:19:15", "text": "is saying dots and personal assistant."}, {"start": "00:19:13", "end": "00:19:16", "text": "They've always been more of a consumer"}, {"start": "00:19:15", "end": "00:19:18", "text": "type company than an enterprise type"}, {"start": "00:19:16", "end": "00:19:19", "text": "company. And so I don't think it's just"}, {"start": "00:19:18", "end": "00:19:22", "text": "like, hey, go all in on one specific use"}, {"start": "00:19:19", "end": "00:19:24", "text": "case, but it does feel like they're now"}, {"start": "00:19:22", "end": "00:19:26", "text": "realizing that the general purpose model"}, {"start": "00:19:24", "end": "00:19:28", "text": "can serve as like a foundation, but the"}, {"start": "00:19:26", "end": "00:19:32", "text": "monetization of this and the sustainable"}, {"start": "00:19:28", "end": "00:19:34", "text": "moat is going to be in the applications."}, {"start": "00:19:32", "end": "00:19:38", "text": "And this goes back to the idea of in"}, {"start": "00:19:34", "end": "00:19:38", "text": "crypto, if you go back to 2017 or so,"}, {"start": "00:19:38", "end": "00:19:41", "text": "there used to be this thing called the"}, {"start": "00:19:38", "end": "00:19:42", "text": "fat protocol thesis. And the whole idea"}, {"start": "00:19:41", "end": "00:19:45", "text": "was like all the value acrrues to the"}, {"start": "00:19:42", "end": "00:19:48", "text": "protocol layer. And I could be wrong on"}, {"start": "00:19:45", "end": "00:19:50", "text": "this, but I just continue to go back to"}, {"start": "00:19:48", "end": "00:19:52", "text": "the fat protocol thesis. The equivalent"}, {"start": "00:19:50", "end": "00:19:54", "text": "in the AI is like the fat model lab"}, {"start": "00:19:52", "end": "00:19:56", "text": "thesis where all the value acrews to the"}, {"start": "00:19:54", "end": "00:19:57", "text": "model lab."}, {"start": "00:19:56", "end": "00:19:59", "text": "What we found in crypto was there is"}, {"start": "00:19:57", "end": "00:20:00", "text": "definitely some value that acrrews to"}, {"start": "00:19:59", "end": "00:20:02", "text": "the protocol obviously bitcoin,"}, {"start": "00:20:00", "end": "00:20:04", "text": "ethereum, etc. But actually a ton of the"}, {"start": "00:20:02", "end": "00:20:06", "text": "value acrewed to either the"}, {"start": "00:20:04", "end": "00:20:08", "text": "infrastructure underlaying it in terms"}, {"start": "00:20:06", "end": "00:20:10", "text": "of miners and things like that or the"}, {"start": "00:20:08", "end": "00:20:12", "text": "application layer. It feels like that's"}, {"start": "00:20:10", "end": "00:20:14", "text": "the same thing happening here where as"}, {"start": "00:20:12", "end": "00:20:15", "text": "the technology gets built out, we have"}, {"start": "00:20:14", "end": "00:20:17", "text": "tons of infrastructure that's making"}, {"start": "00:20:15", "end": "00:20:20", "text": "money, we have tons of applications that"}, {"start": "00:20:17", "end": "00:20:23", "text": "are yet to be built, but I just find it"}, {"start": "00:20:20", "end": "00:20:24", "text": "really hard if like Anthropic and Open"}, {"start": "00:20:23", "end": "00:20:27", "text": "State as general purpose model"}, {"start": "00:20:24", "end": "00:20:28", "text": "providers. I just think that is like a"}, {"start": "00:20:27", "end": "00:20:30", "text": "cutthroat business. It's like kind of a"}, {"start": "00:20:28", "end": "00:20:31", "text": "race to zero. Who can get the, you know,"}, {"start": "00:20:30", "end": "00:20:33", "text": "highest level intelligence for the"}, {"start": "00:20:31", "end": "00:20:36", "text": "cheapest cost? And so like what's the"}, {"start": "00:20:33", "end": "00:20:37", "text": "moat? What is the the the, you know,"}, {"start": "00:20:36", "end": "00:20:39", "text": "thing that defends against everybody"}, {"start": "00:20:37", "end": "00:20:40", "text": "else? But I don't know, maybe you think"}, {"start": "00:20:39", "end": "00:20:42", "text": "differently."}, {"start": "00:20:40", "end": "00:20:44", "text": ">> I do. Um"}, {"start": "00:20:42", "end": "00:20:48", "text": "I don't think the application So when"}, {"start": "00:20:44", "end": "00:20:50", "text": "you say Muse and these things, how h I I"}, {"start": "00:20:48", "end": "00:20:51", "text": "I don't understand how Muse is going to"}, {"start": "00:20:50", "end": "00:20:53", "text": "make money."}, {"start": "00:20:51", "end": "00:20:54", "text": ">> Oh, I think they're going to print cash."}, {"start": "00:20:53", "end": "00:20:55", "text": ">> Okay. So, I don't understand how they're"}, {"start": "00:20:54", "end": "00:20:59", "text": "going to"}, {"start": "00:20:55", "end": "00:21:01", "text": ">> because again, the they have a couple of"}, {"start": "00:20:59", "end": "00:21:04", "text": "decisions they need to make, but let's"}, {"start": "00:21:01", "end": "00:21:07", "text": "use Instinct as Amuse's uh uh kind of"}, {"start": "00:21:04", "end": "00:21:08", "text": "proxy. What they very clearly are trying"}, {"start": "00:21:07", "end": "00:21:10", "text": "to do is they want to get as much"}, {"start": "00:21:08", "end": "00:21:11", "text": "transaction volume going through that"}, {"start": "00:21:10", "end": "00:21:13", "text": "personal agent as they can and they"}, {"start": "00:21:11", "end": "00:21:14", "text": "think they can basically take a vig and"}, {"start": "00:21:13", "end": "00:21:16", "text": "my guess is that they will go and start"}, {"start": "00:21:14", "end": "00:21:18", "text": "pressuring whether it is the credit card"}, {"start": "00:21:16", "end": "00:21:20", "text": "companies, the payment processors, the"}, {"start": "00:21:18", "end": "00:21:22", "text": "merchants etc. and say, \"Hey, I'll route"}, {"start": "00:21:20", "end": "00:21:23", "text": "stuff your way, but you got to give me"}, {"start": "00:21:22", "end": "00:21:26", "text": "something.\" Right?"}, {"start": "00:21:23", "end": "00:21:28", "text": ">> So, M or uh Instinct is going after a"}, {"start": "00:21:26", "end": "00:21:30", "text": "transaction-based revenue model. He has"}, {"start": "00:21:28", "end": "00:21:32", "text": "said that he would like to keep it free"}, {"start": "00:21:30", "end": "00:21:35", "text": "forever."}, {"start": "00:21:32", "end": "00:21:36", "text": ">> Facebook, they got one business model."}, {"start": "00:21:35", "end": "00:21:36", "text": "[laughter]"}, {"start": "00:21:36", "end": "00:21:38", "text": ">> Yeah."}, {"start": "00:21:36", "end": "00:21:41", "text": ">> And you and their target is about to get"}, {"start": "00:21:38", "end": "00:21:43", "text": "way better, right? And so, whether it is"}, {"start": "00:21:41", "end": "00:21:44", "text": "actually transactions where they get"}, {"start": "00:21:43", "end": "00:21:46", "text": "paid or the advertising is where they"}, {"start": "00:21:44", "end": "00:21:49", "text": "get paid, I worked inside that business."}, {"start": "00:21:46", "end": "00:21:50", "text": "Trust me, if you're going to use their"}, {"start": "00:21:49", "end": "00:21:52", "text": "products and you're going to give them"}, {"start": "00:21:50", "end": "00:21:55", "text": "more data, they're going to get better"}, {"start": "00:21:52", "end": "00:21:57", "text": "at ads. And so to me, it's not Muse"}, {"start": "00:21:55", "end": "00:22:00", "text": "makes money as much as Facebook makes"}, {"start": "00:21:57", "end": "00:22:02", "text": "money. They just happen to own the Muse"}, {"start": "00:22:00", "end": "00:22:03", "text": "thing. And look at like WhatsApp like"}, {"start": "00:22:02", "end": "00:22:06", "text": "that. They've started to do this across"}, {"start": "00:22:03", "end": "00:22:08", "text": "a lot of their interfaces. Um, and I go"}, {"start": "00:22:06", "end": "00:22:10", "text": "back to when I opened up Instagram and"}, {"start": "00:22:08", "end": "00:22:11", "text": "I've got a interstitial at the top of my"}, {"start": "00:22:10", "end": "00:22:13", "text": "Instagram feed that's like download"}, {"start": "00:22:11", "end": "00:22:15", "text": "Muse. They're going to get people to"}, {"start": "00:22:13", "end": "00:22:18", "text": "download it. They're going to get the"}, {"start": "00:22:15", "end": "00:22:20", "text": "data. then they're going to target you."}, {"start": "00:22:18", "end": "00:22:20", "text": ">> Did you listen to the Noah Shinar"}, {"start": "00:22:20", "end": "00:22:21", "text": "interview?"}, {"start": "00:22:20", "end": "00:22:24", "text": ">> Yeah."}, {"start": "00:22:21", "end": "00:22:26", "text": ">> Okay. When you say ads, that's he called"}, {"start": "00:22:24", "end": "00:22:27", "text": "that the attention economy."}, {"start": "00:22:26", "end": "00:22:29", "text": ">> The attention economy is going to"}, {"start": "00:22:27", "end": "00:22:29", "text": "collapse."}, {"start": "00:22:29", "end": "00:22:33", "text": ">> Maybe"}, {"start": "00:22:29", "end": "00:22:35", "text": ">> I I I personally I I don't I mean part"}, {"start": "00:22:33", "end": "00:22:38", "text": "of what's going to happen, it is very"}, {"start": "00:22:35", "end": "00:22:40", "text": "clumsy at this point to have to use your"}, {"start": "00:22:38", "end": "00:22:41", "text": "phone for your personal agent."}, {"start": "00:22:40", "end": "00:22:42", "text": ">> Agreed."}, {"start": "00:22:41", "end": "00:22:44", "text": ">> Okay. So that's why they're all trying"}, {"start": "00:22:42", "end": "00:22:46", "text": "to figure out the next gadget to go"}, {"start": "00:22:44", "end": "00:22:48", "text": "through. By by the way, uh I think that"}, {"start": "00:22:46", "end": "00:22:50", "text": "Instinct, which we really haven't heard"}, {"start": "00:22:48", "end": "00:22:55", "text": "Meta talk as much about this, but"}, {"start": "00:22:50", "end": "00:22:58", "text": "Instinct, he specifically uh he wants to"}, {"start": "00:22:55", "end": "00:22:59", "text": "monetize the transactions and what he"}, {"start": "00:22:58", "end": "00:23:02", "text": "his belief, which I actually agree with"}, {"start": "00:22:59", "end": "00:23:03", "text": "him on, is the agents transacting should"}, {"start": "00:23:02", "end": "00:23:05", "text": "lead to more transactions, which"}, {"start": "00:23:03", "end": "00:23:07", "text": "therefore it's like a market expanding"}, {"start": "00:23:05", "end": "00:23:08", "text": "technology for both the merchant, him,"}, {"start": "00:23:07", "end": "00:23:11", "text": "everyone kind of wins in that because"}, {"start": "00:23:08", "end": "00:23:12", "text": "the consumer also gets served."}, {"start": "00:23:11", "end": "00:23:14", "text": "I think in the attention to come you're"}, {"start": "00:23:12", "end": "00:23:17", "text": "talking about like yeah if the agents"}, {"start": "00:23:14", "end": "00:23:20", "text": "are perusing or looking for something"}, {"start": "00:23:17", "end": "00:23:21", "text": "serving a display ad in the feed of"}, {"start": "00:23:20", "end": "00:23:24", "text": "whatever is not going to be very"}, {"start": "00:23:21", "end": "00:23:28", "text": "valuable and so I is there going to be"}, {"start": "00:23:24", "end": "00:23:30", "text": "like agentto agent advertising here"}, {"start": "00:23:28", "end": "00:23:33", "text": "here's the point and this is where we"}, {"start": "00:23:30", "end": "00:23:34", "text": "can end this conversation um I only"}, {"start": "00:23:33", "end": "00:23:39", "text": "believe there's two things to focus your"}, {"start": "00:23:34", "end": "00:23:40", "text": "attention on the toll collectors"}, {"start": "00:23:39", "end": "00:23:42", "text": ">> that's crypto"}, {"start": "00:23:40", "end": "00:23:44", "text": ">> as far as I'm concern. I want the"}, {"start": "00:23:42", "end": "00:23:45", "text": "digital money guardrails, the toll"}, {"start": "00:23:44", "end": "00:23:47", "text": "collectors."}, {"start": "00:23:45", "end": "00:23:51", "text": ">> I don't want I don't want to invest in"}, {"start": "00:23:47", "end": "00:23:53", "text": "Muse and then watch as seven other"}, {"start": "00:23:51", "end": "00:23:56", "text": "agents are released and that's before we"}, {"start": "00:23:53", "end": "00:23:58", "text": "have agents in Europe and agents in"}, {"start": "00:23:56", "end": "00:24:00", "text": "Asia. Like this is the thing. We have"}, {"start": "00:23:58", "end": "00:24:03", "text": "competition globally."}, {"start": "00:24:00", "end": "00:24:05", "text": ">> I just want to collection velocity. I"}, {"start": "00:24:03", "end": "00:24:07", "text": "don't want the attention economy. These"}, {"start": "00:24:05", "end": "00:24:10", "text": "are all things to me of the last 17"}, {"start": "00:24:07", "end": "00:24:12", "text": "years. I want to bet on the things that"}, {"start": "00:24:10", "end": "00:24:14", "text": "we are always going to have demand"}, {"start": "00:24:12", "end": "00:24:14", "text": "greater than supply."}, {"start": "00:24:14", "end": "00:24:17", "text": ">> Mhm."}, {"start": "00:24:14", "end": "00:24:19", "text": ">> We will not have enough compute for the"}, {"start": "00:24:17", "end": "00:24:21", "text": "agents. That is the way to play what"}, {"start": "00:24:19", "end": "00:24:23", "text": "you're describing. In my opinion, the"}, {"start": "00:24:21", "end": "00:24:25", "text": "competition, it's all going to be"}, {"start": "00:24:23", "end": "00:24:26", "text": "commoditization. The reason I say I"}, {"start": "00:24:25", "end": "00:24:28", "text": "don't agree on the anthropic and open AI"}, {"start": "00:24:26", "end": "00:24:30", "text": "is because I think there's infinite"}, {"start": "00:24:28", "end": "00:24:32", "text": "amounts of money for super intelligence"}, {"start": "00:24:30", "end": "00:24:34", "text": "and they're going to have it. Open"}, {"start": "00:24:32", "end": "00:24:36", "text": "source models can never have the size"}, {"start": "00:24:34", "end": "00:24:38", "text": "intelligence they can because they can't"}, {"start": "00:24:36", "end": "00:24:40", "text": "have the compute. All of these places"}, {"start": "00:24:38", "end": "00:24:44", "text": "they don't have the compute. So they can"}, {"start": "00:24:40", "end": "00:24:47", "text": "keep copying distilling the models but"}, {"start": "00:24:44", "end": "00:24:49", "text": "at some point you need this because we"}, {"start": "00:24:47", "end": "00:24:52", "text": "won't release the best models to the"}, {"start": "00:24:49", "end": "00:24:53", "text": "market. They will go to the businesses"}, {"start": "00:24:52", "end": "00:24:56", "text": ">> and that's where it can't be"}, {"start": "00:24:53", "end": "00:24:58", "text": "commoditized. So at some point people"}, {"start": "00:24:56", "end": "00:25:00", "text": "have to realize if you have the compute"}, {"start": "00:24:58", "end": "00:25:02", "text": "you get the best model. If you have the"}, {"start": "00:25:00", "end": "00:25:05", "text": "best model and it can solve all the math"}, {"start": "00:25:02", "end": "00:25:07", "text": "problems, then every single science and"}, {"start": "00:25:05", "end": "00:25:09", "text": "physical place humanoids will want that"}, {"start": "00:25:07", "end": "00:25:10", "text": "model. You don't release it to the"}, {"start": "00:25:09", "end": "00:25:12", "text": "public. And if you don't release it to"}, {"start": "00:25:10", "end": "00:25:14", "text": "the public, how do you distill all the"}, {"start": "00:25:12", "end": "00:25:16", "text": "information if it's not a public model?"}, {"start": "00:25:14", "end": "00:25:18", "text": ">> Maybe this is like the root of where we"}, {"start": "00:25:16", "end": "00:25:24", "text": "see a different world. I don't think"}, {"start": "00:25:18", "end": "00:25:28", "text": "that uh Claude will be able to create a"}, {"start": "00:25:24", "end": "00:25:30", "text": "model that outperforms a company. Let's"}, {"start": "00:25:28", "end": "00:25:32", "text": "say that you're a huge law firm. Let's"}, {"start": "00:25:30", "end": "00:25:35", "text": "say you're a huge finance firm."}, {"start": "00:25:32", "end": "00:25:38", "text": ">> If you take open source models and you"}, {"start": "00:25:35", "end": "00:25:39", "text": "customize them via fine-tuning to your"}, {"start": "00:25:38", "end": "00:25:42", "text": "specific architecture, your specific"}, {"start": "00:25:39", "end": "00:25:45", "text": "data, etc., you should be able to out"}, {"start": "00:25:42", "end": "00:25:47", "text": "compete them."}, {"start": "00:25:45", "end": "00:25:48", "text": "So again, how many business are going to"}, {"start": "00:25:47", "end": "00:25:49", "text": "do that? Do they have the talent? It"}, {"start": "00:25:48", "end": "00:25:51", "text": "cost money. Like there's a lot of"}, {"start": "00:25:49", "end": "00:25:53", "text": "whatifs in there. But if that is the"}, {"start": "00:25:51", "end": "00:25:56", "text": "case, I guess that's where I get a"}, {"start": "00:25:53", "end": "00:25:58", "text": "little bit more less enthusiastic is"}, {"start": "00:25:56", "end": "00:25:59", "text": "just like you can keep iterating on the"}, {"start": "00:25:58", "end": "00:26:00", "text": "model, but it's still a general purpose"}, {"start": "00:25:59", "end": "00:26:01", "text": "model. Yep."}, {"start": "00:26:00", "end": "00:26:02", "text": ">> The businesses that say, \"Hey, we're"}, {"start": "00:26:01", "end": "00:26:04", "text": "going to build custom models for"}, {"start": "00:26:02", "end": "00:26:06", "text": "ourselves.\""}, {"start": "00:26:04", "end": "00:26:07", "text": ">> You can show up with the smartest model"}, {"start": "00:26:06", "end": "00:26:08", "text": "you want, but they're like, \"But it's"}, {"start": "00:26:07", "end": "00:26:10", "text": "not customized to us.\" And so the"}, {"start": "00:26:08", "end": "00:26:11", "text": "business is less likely to go do it."}, {"start": "00:26:10", "end": "00:26:14", "text": "Now,"}, {"start": "00:26:11", "end": "00:26:16", "text": ">> I think to your point, that's a black"}, {"start": "00:26:14", "end": "00:26:17", "text": "and white analysis. What's probably"}, {"start": "00:26:16", "end": "00:26:19", "text": "going to happen is the business like"}, {"start": "00:26:17", "end": "00:26:20", "text": "give us all of it and then we'll figure"}, {"start": "00:26:19", "end": "00:26:22", "text": "out what we use and over time they'll"}, {"start": "00:26:20", "end": "00:26:23", "text": "kind of fall away but they'll try almost"}, {"start": "00:26:22", "end": "00:26:25", "text": "everything. And that's kind of what we"}, {"start": "00:26:23", "end": "00:26:27", "text": "saw. There's a Wall Street Journal"}, {"start": "00:26:25", "end": "00:26:29", "text": "article uh that says uh the title is"}, {"start": "00:26:27", "end": "00:26:32", "text": "spending on AI is becoming almost"}, {"start": "00:26:29", "end": "00:26:34", "text": "impossible for businesses to budget"}, {"start": "00:26:32", "end": "00:26:36", "text": "which is basically this story, right?"}, {"start": "00:26:34", "end": "00:26:38", "text": ">> And it's it's a great one. So I I we'll"}, {"start": "00:26:36", "end": "00:26:39", "text": "leave it at this. I I don't disagree at"}, {"start": "00:26:38", "end": "00:26:41", "text": "all with what you're saying. The models"}, {"start": "00:26:39", "end": "00:26:43", "text": "will not be the models behind a law"}, {"start": "00:26:41", "end": "00:26:46", "text": "firm. Those will be more open source and"}, {"start": "00:26:43", "end": "00:26:48", "text": "cheaper things. The problem is the law"}, {"start": "00:26:46", "end": "00:26:51", "text": "firm will end up being a oneperson law"}, {"start": "00:26:48", "end": "00:26:54", "text": "firm and a billion of them. So if you're"}, {"start": "00:26:51", "end": "00:26:56", "text": "like I hear you talking and and I think"}, {"start": "00:26:54", "end": "00:26:58", "text": "you think differently than I do in the"}, {"start": "00:26:56", "end": "00:27:00", "text": "endgame, which is I don't want to be a"}, {"start": "00:26:58", "end": "00:27:01", "text": "VC fund. Like I don't think you can pick"}, {"start": "00:27:00", "end": "00:27:04", "text": "the winners in the world you're"}, {"start": "00:27:01", "end": "00:27:06", "text": "describing because I believe it will"}, {"start": "00:27:04", "end": "00:27:07", "text": "always be an entrepreneur that says I'm"}, {"start": "00:27:06", "end": "00:27:08", "text": "willing to make less"}, {"start": "00:27:07", "end": "00:27:09", "text": ">> 100%."}, {"start": "00:27:08", "end": "00:27:10", "text": ">> And I'm going to build a business and I"}, {"start": "00:27:09", "end": "00:27:13", "text": "don't I only need to make a hundred"}, {"start": "00:27:10", "end": "00:27:15", "text": "grand a year. So when people ask me how"}, {"start": "00:27:13", "end": "00:27:17", "text": "to like and this was asked to me"}, {"start": "00:27:15", "end": "00:27:19", "text": "yesterday's like okay I'm I'm I'm in my"}, {"start": "00:27:17", "end": "00:27:21", "text": "20s. I want to I want to be a part of"}, {"start": "00:27:19", "end": "00:27:24", "text": "this. I'm watching your videos like okay"}, {"start": "00:27:21", "end": "00:27:26", "text": "focus on signal verse noise. Don't"}, {"start": "00:27:24", "end": "00:27:28", "text": "listen and just keep working hard. AI is"}, {"start": "00:27:26", "end": "00:27:31", "text": "going to keep going. The alpha as you're"}, {"start": "00:27:28", "end": "00:27:32", "text": "stacking your chips building a poker"}, {"start": "00:27:31", "end": "00:27:34", "text": "chip which you're getting through your"}, {"start": "00:27:32", "end": "00:27:37", "text": "job. If you don't feel like you're"}, {"start": "00:27:34", "end": "00:27:40", "text": "growing fast enough in your job, then go"}, {"start": "00:27:37", "end": "00:27:41", "text": "build an app on your own and collect"}, {"start": "00:27:40", "end": "00:27:43", "text": "10,000 and then go build a second app,"}, {"start": "00:27:41", "end": "00:27:45", "text": "collect 10,000. Believe it or not,"}, {"start": "00:27:43", "end": "00:27:47", "text": "because of Stripe, you can do that."}, {"start": "00:27:45", "end": "00:27:48", "text": "Like, you can create an app that"}, {"start": "00:27:47", "end": "00:27:49", "text": "competes with the world. And if you"}, {"start": "00:27:48", "end": "00:27:53", "text": "create 10 of them, they're each"}, {"start": "00:27:49", "end": "00:27:55", "text": "making$10,000 and that's $100,000 and at"}, {"start": "00:27:53", "end": "00:27:56", "text": "your job you're making $115,000. Then"}, {"start": "00:27:55", "end": "00:27:59", "text": "you can quit your job and go create"}, {"start": "00:27:56", "end": "00:28:01", "text": "these regularly and build up a stack and"}, {"start": "00:27:59", "end": "00:28:03", "text": "invest that money and it compounds. I"}, {"start": "00:28:01", "end": "00:28:05", "text": "met people at your event. That's what"}, {"start": "00:28:03", "end": "00:28:08", "text": "they basically do. They've made their"}, {"start": "00:28:05", "end": "00:28:09", "text": "financial wealth through investing by"}, {"start": "00:28:08", "end": "00:28:10", "text": "not listening to the bubble talk."}, {"start": "00:28:09", "end": "00:28:12", "text": ">> Mhm."}, {"start": "00:28:10", "end": "00:28:13", "text": ">> We got to do some bubble talk. It was a"}, {"start": "00:28:12", "end": "00:28:14", "text": "bubble week again."}, {"start": "00:28:13", "end": "00:28:15", "text": ">> Well, why?"}, {"start": "00:28:14", "end": "00:28:17", "text": ">> I want to talk Bitcoin and bubble. I've"}, {"start": "00:28:15", "end": "00:28:18", "text": "had enough of of tech."}, {"start": "00:28:17", "end": "00:28:20", "text": ">> What's going What's going on with"}, {"start": "00:28:18", "end": "00:28:20", "text": "Bitcoin? [laughter]"}, {"start": "00:28:20", "end": "00:28:22", "text": "[snorts]"}, {"start": "00:28:20", "end": "00:28:24", "text": ">> I think I beat him into submission"}, {"start": "00:28:22", "end": "00:28:25", "text": "there."}, {"start": "00:28:24", "end": "00:28:27", "text": "Did you just cry uncle?"}, {"start": "00:28:25", "end": "00:28:28", "text": ">> May maybe maybe this is us. It's like us"}, {"start": "00:28:27", "end": "00:28:30", "text": "at Thanksgiving now. We we were together"}, {"start": "00:28:28", "end": "00:28:31", "text": "twice this week. Maybe it's it's"}, {"start": "00:28:30", "end": "00:28:33", "text": ">> for those that don't know, Jordan and I"}, {"start": "00:28:31", "end": "00:28:34", "text": "try not to talk during the week, so we"}, {"start": "00:28:33", "end": "00:28:37", "text": "can come in here, but we we had a"}, {"start": "00:28:34", "end": "00:28:38", "text": "midweek uh midweek session and so, you"}, {"start": "00:28:37", "end": "00:28:40", "text": "know, we're we're uh we're"}, {"start": "00:28:38", "end": "00:28:42", "text": ">> it's like Thanksgiving at the Pompiano"}, {"start": "00:28:40", "end": "00:28:43", "text": "House right now. I've been a guest for"}, {"start": "00:28:42", "end": "00:28:45", "text": "two."}, {"start": "00:28:43", "end": "00:28:46", "text": ">> All right. What What is uh what's going"}, {"start": "00:28:45", "end": "00:28:48", "text": "on with Bitcoin?"}, {"start": "00:28:46", "end": "00:28:50", "text": ">> Uh it's consolidating. No, no, no. So, I"}, {"start": "00:28:48", "end": "00:28:52", "text": "I I do want to give because I've a bunch"}, {"start": "00:28:50", "end": "00:28:54", "text": "of people have asked and I I want to"}, {"start": "00:28:52", "end": "00:28:56", "text": "make sure everyone hears this."}, {"start": "00:28:54", "end": "00:28:57", "text": ">> For Christ's sake, be patient,"}, {"start": "00:28:56", "end": "00:28:59", "text": "[laughter]"}, {"start": "00:28:57", "end": "00:29:01", "text": ">> Jordy. Why isn't it at 100K? Yeah,"}, {"start": "00:28:59", "end": "00:29:02", "text": "exactly. Um, come on. It's October. What"}, {"start": "00:29:01", "end": "00:29:04", "text": "happened?"}, {"start": "00:29:02", "end": "00:29:06", "text": ">> Let me go through. I want everyone to go"}, {"start": "00:29:04", "end": "00:29:08", "text": "bring up a chart of Micron. You know, we"}, {"start": "00:29:06", "end": "00:29:10", "text": "talked about Micron when it was $100. We"}, {"start": "00:29:08", "end": "00:29:13", "text": "talked about when it was 150. If you go"}, {"start": "00:29:10", "end": "00:29:16", "text": "look at 2024,"}, {"start": "00:29:13", "end": "00:29:18", "text": "we started this thing. A lot of people"}, {"start": "00:29:16", "end": "00:29:20", "text": "in your office bought bought Micron."}, {"start": "00:29:18", "end": "00:29:24", "text": "Should I stay in it at 200? Should I get"}, {"start": "00:29:20", "end": "00:29:25", "text": "out at 200? It went to 1,400. Now, if"}, {"start": "00:29:24", "end": "00:29:27", "text": "you go back and look, it broke above the"}, {"start": "00:29:25", "end": "00:29:30", "text": "200 day moving average, just like"}, {"start": "00:29:27", "end": "00:29:33", "text": "Bitcoin, just like Ethereum, and then it"}, {"start": "00:29:30", "end": "00:29:34", "text": "retraced back to it. It tested it. I am"}, {"start": "00:29:33", "end": "00:29:36", "text": "not sure that's going to happen with"}, {"start": "00:29:34", "end": "00:29:40", "text": "Bitcoin and Ethereum and the rest of the"}, {"start": "00:29:36", "end": "00:29:43", "text": "crowd. But you have to go look at why"}, {"start": "00:29:40", "end": "00:29:45", "text": "that happened. When it starts to happen,"}, {"start": "00:29:43", "end": "00:29:47", "text": "there's an AI theme behind it. I want to"}, {"start": "00:29:45", "end": "00:29:50", "text": "make sure people realize when it comes"}, {"start": "00:29:47", "end": "00:29:54", "text": "to crypto, this is 100% for me about"}, {"start": "00:29:50", "end": "00:29:56", "text": "agents. And I'm telling you, the amount"}, {"start": "00:29:54", "end": "00:29:58", "text": "of traditional people that continue to"}, {"start": "00:29:56", "end": "00:30:00", "text": "bang on my door to talk about"}, {"start": "00:29:58", "end": "00:30:02", "text": "tokenization, to talk about how to make"}, {"start": "00:30:00", "end": "00:30:04", "text": "money on this, they're doing their"}, {"start": "00:30:02", "end": "00:30:06", "text": "homework now. I think next year is going"}, {"start": "00:30:04", "end": "00:30:08", "text": "to be the year that we see the biggest"}, {"start": "00:30:06", "end": "00:30:10", "text": "moves in crypto because of agents. And"}, {"start": "00:30:08", "end": "00:30:13", "text": "so I just want people to realize that"}, {"start": "00:30:10", "end": "00:30:15", "text": "I've watched this now a lot, but in"}, {"start": "00:30:13", "end": "00:30:17", "text": "particular with the semiconductors. It"}, {"start": "00:30:15", "end": "00:30:20", "text": "took a long time when it was obvious to"}, {"start": "00:30:17", "end": "00:30:23", "text": "me because of AI, because we were going"}, {"start": "00:30:20", "end": "00:30:25", "text": "to need an enormous amount of memory,"}, {"start": "00:30:23", "end": "00:30:28", "text": "but very smart people were not on it."}, {"start": "00:30:25", "end": "00:30:29", "text": "And right now, there are a lot of smart"}, {"start": "00:30:28", "end": "00:30:31", "text": "people running around saying we're in a"}, {"start": "00:30:29", "end": "00:30:33", "text": "bubble. That prevents people from"}, {"start": "00:30:31", "end": "00:30:35", "text": "jumping into anything. They see the"}, {"start": "00:30:33", "end": "00:30:37", "text": "rates going higher. Everyone should be"}, {"start": "00:30:35", "end": "00:30:40", "text": "grateful that with rates going up as"}, {"start": "00:30:37", "end": "00:30:42", "text": "much as they are, somehow another crypto"}, {"start": "00:30:40", "end": "00:30:44", "text": "went higher. with gold going down as"}, {"start": "00:30:42", "end": "00:30:46", "text": "much as it has gone down, crypto somehow"}, {"start": "00:30:44", "end": "00:30:48", "text": "has been distancing itself and going"}, {"start": "00:30:46", "end": "00:30:50", "text": "higher. So, when you go through this"}, {"start": "00:30:48", "end": "00:30:52", "text": "whole thing, I I I really do believe"}, {"start": "00:30:50", "end": "00:30:54", "text": "people have to be patient with this. Um,"}, {"start": "00:30:52", "end": "00:30:55", "text": "it's a bull market and I feel"}, {"start": "00:30:54", "end": "00:30:56", "text": "comfortable in saying that because I"}, {"start": "00:30:55", "end": "00:30:58", "text": "said when it was a bare market, we're"}, {"start": "00:30:56", "end": "00:30:59", "text": "above the 200 day moving average, the"}, {"start": "00:30:58", "end": "00:31:01", "text": "200 day moving average is pointed"}, {"start": "00:30:59", "end": "00:31:03", "text": "upward. Just be patient. These things"}, {"start": "00:31:01", "end": "00:31:06", "text": "can never go as fast as you want and the"}, {"start": "00:31:03", "end": "00:31:08", "text": "thing that will accelerate it the most"}, {"start": "00:31:06", "end": "00:31:11", "text": "is when the traditional finance crowd"}, {"start": "00:31:08", "end": "00:31:13", "text": "comes into it. And for that, we need the"}, {"start": "00:31:11", "end": "00:31:15", "text": "tokenization volumes to go higher. We"}, {"start": "00:31:13", "end": "00:31:17", "text": "need the tokenization asset size to go"}, {"start": "00:31:15", "end": "00:31:19", "text": "higher. We need the stable coin volumes"}, {"start": "00:31:17", "end": "00:31:22", "text": "to go higher. That's why I talk so much"}, {"start": "00:31:19", "end": "00:31:25", "text": "about Stripe cuz Stripe is talking about"}, {"start": "00:31:22", "end": "00:31:26", "text": "this daily. It's happening. Every person"}, {"start": "00:31:25", "end": "00:31:28", "text": "listening to this show, you probably own"}, {"start": "00:31:26", "end": "00:31:30", "text": "Bitcoin and you got it the same way. You"}, {"start": "00:31:28", "end": "00:31:31", "text": "paid full price on an exchange. But"}, {"start": "00:31:30", "end": "00:31:33", "text": "there's a smaller group of business"}, {"start": "00:31:31", "end": "00:31:35", "text": "owners, family offices, and investors"}, {"start": "00:31:33", "end": "00:31:37", "text": "with sharp CPAs. And they're quietly"}, {"start": "00:31:35", "end": "00:31:38", "text": "getting theirs a very different way."}, {"start": "00:31:37", "end": "00:31:40", "text": "They own the machines that make it"}, {"start": "00:31:38", "end": "00:31:42", "text": "mining. Here's how it works. You buy the"}, {"start": "00:31:40", "end": "00:31:44", "text": "miners and Simple Mining hosts and runs"}, {"start": "00:31:42", "end": "00:31:45", "text": "them at their facilities in Iowa on"}, {"start": "00:31:44", "end": "00:31:47", "text": "industrial power rates that you can"}, {"start": "00:31:45", "end": "00:31:48", "text": "never get on your own. The Bitcoin they"}, {"start": "00:31:47", "end": "00:31:50", "text": "mine goes straight from your machine to"}, {"start": "00:31:48", "end": "00:31:51", "text": "your wallet. There's two reasons I find"}, {"start": "00:31:50", "end": "00:31:54", "text": "this interesting right now. One, the"}, {"start": "00:31:51", "end": "00:31:55", "text": "economics. Cheap power let you convert"}, {"start": "00:31:54", "end": "00:31:57", "text": "electricity into Bitcoin at a discount"}, {"start": "00:31:55", "end": "00:31:58", "text": "[music] to spot. You're acquiring the"}, {"start": "00:31:57", "end": "00:32:01", "text": "asset below the sticker price that"}, {"start": "00:31:58", "end": "00:32:02", "text": "everyone else pays. But second, and"}, {"start": "00:32:01", "end": "00:32:04", "text": "listen closely, if you've got a big"}, {"start": "00:32:02", "end": "00:32:06", "text": "income year, miners are classified as"}, {"start": "00:32:04", "end": "00:32:08", "text": "computer equipment. Equipment means"}, {"start": "00:32:06", "end": "00:32:10", "text": "depreciation. Qualifying buyers can"}, {"start": "00:32:08", "end": "00:32:11", "text": "write off the entire purchase in year 1."}, {"start": "00:32:10", "end": "00:32:13", "text": "It's the same playbook real estate"}, {"start": "00:32:11", "end": "00:32:16", "text": "investors have run for decades pointed"}, {"start": "00:32:13", "end": "00:32:17", "text": "at Bitcoin. Your CPA will want to see"}, {"start": "00:32:16", "end": "00:32:19", "text": "this before the end of the year. And so"}, {"start": "00:32:17", "end": "00:32:21", "text": "with attractive financing available, you"}, {"start": "00:32:19", "end": "00:32:24", "text": "can deploy these assets without selling"}, {"start": "00:32:21", "end": "00:32:25", "text": "any of your assets to do it. This is not"}, {"start": "00:32:24", "end": "00:32:28", "text": "some garage operation. [music] Simple"}, {"start": "00:32:25", "end": "00:32:29", "text": "Mining runs over 40,000 machines and was"}, {"start": "00:32:28", "end": "00:32:31", "text": "just ranked the fastest growing company"}, {"start": "00:32:29", "end": "00:32:33", "text": "in Iowa on the Inc. 5000. [music] They"}, {"start": "00:32:31", "end": "00:32:35", "text": "put together a valuable resource called"}, {"start": "00:32:33", "end": "00:32:37", "text": "the 2026 Bitcoin Mining Blueprint. It"}, {"start": "00:32:35", "end": "00:32:38", "text": "covers the five mistakes investors make"}, {"start": "00:32:37", "end": "00:32:40", "text": "when allocating to mining and how to"}, {"start": "00:32:38", "end": "00:32:42", "text": "avoid them before deploying capital. You"}, {"start": "00:32:40", "end": "00:32:44", "text": "can access it for free at"}, {"start": "00:32:42", "end": "00:32:47", "text": "simplemining.io/p."}, {"start": "00:32:44", "end": "00:32:49", "text": "That's simplemining.io/p."}, {"start": "00:32:47", "end": "00:32:51", "text": "Go check it out today. Today's episode"}, {"start": "00:32:49", "end": "00:32:53", "text": "is brought to you by Abra, the secure"}, {"start": "00:32:51", "end": "00:32:55", "text": "way to grow [music] crypto wealth. Abra"}, {"start": "00:32:53", "end": "00:32:57", "text": "offers individuals and institutions"}, {"start": "00:32:55", "end": "00:32:59", "text": "end-to-end crypto wealth management"}, {"start": "00:32:57", "end": "00:33:00", "text": "solution, including custody, trading,"}, {"start": "00:32:59", "end": "00:33:02", "text": "yield, and cryptobacked loans [music]"}, {"start": "00:33:00", "end": "00:33:04", "text": "through a unique, separately managed"}, {"start": "00:33:02", "end": "00:33:06", "text": "account structure, where title is"}, {"start": "00:33:04", "end": "00:33:08", "text": "retained by you, the client. In other"}, {"start": "00:33:06", "end": "00:33:09", "text": "words, your assets stay your assets."}, {"start": "00:33:08", "end": "00:33:11", "text": "Abra's been partnering with crypto"}, {"start": "00:33:09", "end": "00:33:14", "text": "holders for 8 years and has processed"}, {"start": "00:33:11", "end": "00:33:15", "text": "over $2.5 billion in loans to date. With"}, {"start": "00:33:14", "end": "00:33:18", "text": "Abber's loan product, you can [music]"}, {"start": "00:33:15", "end": "00:33:20", "text": "access up to 50% of the current value of"}, {"start": "00:33:18", "end": "00:33:21", "text": "your collateral. There's no minimum or"}, {"start": "00:33:20", "end": "00:33:24", "text": "maximum loan sizes and Abberra can"}, {"start": "00:33:21", "end": "00:33:26", "text": "handle 9 figure plus loans. Rates are"}, {"start": "00:33:24", "end": "00:33:29", "text": "extremely competitive in the 4.5 [music]"}, {"start": "00:33:26", "end": "00:33:31", "text": "to 6.5% APY range. Loans are open term,"}, {"start": "00:33:29", "end": "00:33:32", "text": "meaning you can keep borrowing against"}, {"start": "00:33:31", "end": "00:33:35", "text": "your collateral without closing a loan"}, {"start": "00:33:32", "end": "00:33:36", "text": "as the price appreciates. Buy a house,"}, {"start": "00:33:35", "end": "00:33:38", "text": "take a trip, make a large purchase, or"}, {"start": "00:33:36", "end": "00:33:40", "text": "diversify [music] your investments"}, {"start": "00:33:38", "end": "00:33:42", "text": "without selling your Bitcoin. All"}, {"start": "00:33:40", "end": "00:33:45", "text": "deposits are held in secure MPC [music]"}, {"start": "00:33:42", "end": "00:33:47", "text": "wallets, and there is no rehypocation."}, {"start": "00:33:45", "end": "00:33:48", "text": "Find out more at abra.com [music]"}, {"start": "00:33:47", "end": "00:33:52", "text": "and tell them Pomp sent you. Again,"}, {"start": "00:33:48", "end": "00:33:55", "text": "that's abra.com and tell them Big Pomp"}, {"start": "00:33:52", "end": "00:33:59", "text": "sent you. So, in the last two weeks, I"}, {"start": "00:33:55", "end": "00:34:03", "text": "have seen uh Black Rockck. I have seen"}, {"start": "00:33:59", "end": "00:34:06", "text": "Bloomberg and also uh Citrini. They put"}, {"start": "00:34:03", "end": "00:34:08", "text": "out a research piece with a nice uh"}, {"start": "00:34:06", "end": "00:34:13", "text": "image that had DeFi on Wall Street on"}, {"start": "00:34:08", "end": "00:34:15", "text": "it. And uh if I did not know Catrini"}, {"start": "00:34:13", "end": "00:34:17", "text": "wrote it and I read through the the"}, {"start": "00:34:15", "end": "00:34:19", "text": "notes of this, it could have been a"}, {"start": "00:34:17", "end": "00:34:21", "text": "Jordy Visser piece in terms of the the"}, {"start": "00:34:19", "end": "00:34:23", "text": "main message of there's this"}, {"start": "00:34:21", "end": "00:34:26", "text": "intersection of crypto and Wall Street."}, {"start": "00:34:23", "end": "00:34:27", "text": "I think that some people will read some"}, {"start": "00:34:26", "end": "00:34:29", "text": "of these other pieces, whether it's"}, {"start": "00:34:27", "end": "00:34:31", "text": "Black Rockck, whatever, and be like, \"Oh"}, {"start": "00:34:29", "end": "00:34:33", "text": "my god, Jordy Viser's ideas are"}, {"start": "00:34:31", "end": "00:34:34", "text": "infiltrating whatever.\" You said"}, {"start": "00:34:33", "end": "00:34:37", "text": "something to me interesting though,"}, {"start": "00:34:34", "end": "00:34:39", "text": "which is this is good because it means"}, {"start": "00:34:37", "end": "00:34:40", "text": "that like we're transitioning from"}, {"start": "00:34:39", "end": "00:34:42", "text": "almost like a contrarian view to"}, {"start": "00:34:40", "end": "00:34:45", "text": "consensus view and you kind of need"}, {"start": "00:34:42", "end": "00:34:47", "text": "that. Can you explain a little bit as to"}, {"start": "00:34:45", "end": "00:34:49", "text": "as people see this idea show up in other"}, {"start": "00:34:47", "end": "00:34:50", "text": "places why that's actually a positive"}, {"start": "00:34:49", "end": "00:34:55", "text": "sign"}, {"start": "00:34:50", "end": "00:34:57", "text": ">> it when you when you talk so the way"}, {"start": "00:34:55", "end": "00:34:57", "text": "people view you"}, {"start": "00:34:57", "end": "00:34:59", "text": "uh"}, {"start": "00:34:57", "end": "00:35:01", "text": ">> oh"}, {"start": "00:34:59", "end": "00:35:04", "text": "you've been positive on Bitcoin for how"}, {"start": "00:35:01", "end": "00:35:05", "text": "many decades now?"}, {"start": "00:35:04", "end": "00:35:07", "text": ">> Well Satoshi got the idea for me didn't"}, {"start": "00:35:05", "end": "00:35:09", "text": "he here? [laughter]"}, {"start": "00:35:07", "end": "00:35:14", "text": ">> So [snorts] I don't bring that up as as"}, {"start": "00:35:09", "end": "00:35:15", "text": "as as a dig. I bring that up as once you"}, {"start": "00:35:14", "end": "00:35:17", "text": "kind of have this story that you say"}, {"start": "00:35:15", "end": "00:35:21", "text": "over and over again, and this works for"}, {"start": "00:35:17", "end": "00:35:23", "text": "me too, your voice doesn't appeal to"}, {"start": "00:35:21", "end": "00:35:25", "text": "people who don't believe in you because"}, {"start": "00:35:23", "end": "00:35:27", "text": "they go, \"Ah, he's a perma bull on"}, {"start": "00:35:25", "end": "00:35:29", "text": "crypto, so it doesn't matter.\" So, in"}, {"start": "00:35:27", "end": "00:35:33", "text": "fairness, the reason I'm saying this is"}, {"start": "00:35:29", "end": "00:35:36", "text": "if Jordy gets viewed as someone who will"}, {"start": "00:35:33", "end": "00:35:37", "text": "only be positive on Bitcoin, which isn't"}, {"start": "00:35:36", "end": "00:35:38", "text": "true."}, {"start": "00:35:37", "end": "00:35:41", "text": ">> No, you were bearish last year."}, {"start": "00:35:38", "end": "00:35:43", "text": ">> No, but bearish was"}, {"start": "00:35:41", "end": "00:35:45", "text": "saying I I I was never bearish. What I"}, {"start": "00:35:43", "end": "00:35:47", "text": "said is we're in a bare market like"}, {"start": "00:35:45", "end": "00:35:49", "text": "acknowledging the facts. You can't fight"}, {"start": "00:35:47", "end": "00:35:51", "text": "the market. Like the market is the"}, {"start": "00:35:49", "end": "00:35:52", "text": "market. I believe the market knows"}, {"start": "00:35:51", "end": "00:35:54", "text": "everything."}, {"start": "00:35:52", "end": "00:35:56", "text": ">> What we're trying to do is forecast what"}, {"start": "00:35:54", "end": "00:35:58", "text": "the market will think in the future. And"}, {"start": "00:35:56", "end": "00:36:00", "text": "people have to realize the only way you"}, {"start": "00:35:58", "end": "00:36:04", "text": "make money in anything that you invest"}, {"start": "00:36:00", "end": "00:36:06", "text": "in is not because you were right. It's"}, {"start": "00:36:04", "end": "00:36:08", "text": "because other people that didn't agree"}, {"start": "00:36:06", "end": "00:36:09", "text": "with you at the time came in and pushed"}, {"start": "00:36:08", "end": "00:36:11", "text": "that asset higher. At the end of the"}, {"start": "00:36:09", "end": "00:36:13", "text": "day, you are trying to bet where the"}, {"start": "00:36:11", "end": "00:36:16", "text": "money is going to go, not where the"}, {"start": "00:36:13", "end": "00:36:18", "text": "asset is going to go. So that is the"}, {"start": "00:36:16", "end": "00:36:20", "text": "problem that happens. We I mean"}, {"start": "00:36:18", "end": "00:36:22", "text": "Salesforce.com is down yet their"}, {"start": "00:36:20", "end": "00:36:23", "text": "earnings are good. So fundamentals don't"}, {"start": "00:36:22", "end": "00:36:25", "text": "matter. What's driving it? It's because"}, {"start": "00:36:23", "end": "00:36:27", "text": "people were overweight SAS because they"}, {"start": "00:36:25", "end": "00:36:29", "text": "had a view that it was a stable business"}, {"start": "00:36:27", "end": "00:36:30", "text": "because private credit has a lot of"}, {"start": "00:36:29", "end": "00:36:33", "text": "software. There's a bunch of reasons. So"}, {"start": "00:36:30", "end": "00:36:35", "text": "for me, we need Catrini. We need"}, {"start": "00:36:33", "end": "00:36:37", "text": "BlackRock. We need other voices to speak"}, {"start": "00:36:35", "end": "00:36:39", "text": "up. In fact, I'm going to say this right"}, {"start": "00:36:37", "end": "00:36:41", "text": "now. Jordy wants to go to as many"}, {"start": "00:36:39", "end": "00:36:43", "text": "conferences next year. That makes sense."}, {"start": "00:36:41", "end": "00:36:45", "text": "Now, I'm saying this, you're going to"}, {"start": "00:36:43", "end": "00:36:47", "text": "help me. I've already reached out to"}, {"start": "00:36:45", "end": "00:36:49", "text": "Natalie. Like, I'm gonna I'm gonna get"}, {"start": "00:36:47", "end": "00:36:51", "text": "out there because I do want to sit and"}, {"start": "00:36:49", "end": "00:36:52", "text": "make sure that people hear why I'm"}, {"start": "00:36:51", "end": "00:36:54", "text": "positive on it."}, {"start": "00:36:52", "end": "00:36:56", "text": ">> Jordy Vistler World Tour."}, {"start": "00:36:54", "end": "00:36:58", "text": ">> Yeah. I The one thing I don't"}, {"start": "00:36:56", "end": "00:37:00", "text": ">> T-shirts made. [laughter]"}, {"start": "00:36:58", "end": "00:37:03", "text": ">> The one thing I don't hear enough about"}, {"start": "00:37:00", "end": "00:37:06", "text": "is the connection that Catrini did,"}, {"start": "00:37:03", "end": "00:37:08", "text": "which is agents to crypto is really"}, {"start": "00:37:06", "end": "00:37:10", "text": "important. And it gets back to the Mark"}, {"start": "00:37:08", "end": "00:37:11", "text": "Andre piece. And that's why I don't want"}, {"start": "00:37:10", "end": "00:37:13", "text": "this to be about the basement. I don't"}, {"start": "00:37:11", "end": "00:37:15", "text": "want, oh, the bonds are going down. The"}, {"start": "00:37:13", "end": "00:37:17", "text": "government's going to have to step in. I"}, {"start": "00:37:15", "end": "00:37:19", "text": "believe a year from now, it is very"}, {"start": "00:37:17", "end": "00:37:21", "text": "likely that 10-year yields will be about"}, {"start": "00:37:19", "end": "00:37:22", "text": "the same level a year from now as they"}, {"start": "00:37:21", "end": "00:37:25", "text": "are today."}, {"start": "00:37:22", "end": "00:37:29", "text": ">> The only way I'll say they'll be lower"}, {"start": "00:37:25", "end": "00:37:31", "text": "is because if the jobs market gets"}, {"start": "00:37:29", "end": "00:37:33", "text": "noticeably weaker, which I don't think"}, {"start": "00:37:31", "end": "00:37:35", "text": "it will over the next year, I definitely"}, {"start": "00:37:33", "end": "00:37:36", "text": "think it's going to hover around zero."}, {"start": "00:37:35", "end": "00:37:38", "text": "But if it got weaker then the debasement"}, {"start": "00:37:36", "end": "00:37:39", "text": "thing will become a bigger thing. But"}, {"start": "00:37:38", "end": "00:37:42", "text": "other than that, it's because we're"}, {"start": "00:37:39", "end": "00:37:44", "text": "growing so fast. What that me means is"}, {"start": "00:37:42", "end": "00:37:46", "text": "the only thing that's driving growth is"}, {"start": "00:37:44", "end": "00:37:49", "text": "AI. It's the only thing."}, {"start": "00:37:46", "end": "00:37:52", "text": ">> And so the bet becomes about AI. And I"}, {"start": "00:37:49", "end": "00:37:53", "text": "have full belief that demand is greater"}, {"start": "00:37:52", "end": "00:37:55", "text": "than supply over the course of the next"}, {"start": "00:37:53", "end": "00:37:58", "text": "few years. So the buildout is going to"}, {"start": "00:37:55", "end": "00:38:00", "text": "happen. The spending is going to happen,"}, {"start": "00:37:58", "end": "00:38:02", "text": "which means nominal GDP is going to"}, {"start": "00:38:00", "end": "00:38:04", "text": "happen. I don't think the government can"}, {"start": "00:38:02", "end": "00:38:07", "text": "move rates down lower. And so if we're"}, {"start": "00:38:04", "end": "00:38:08", "text": "going to run this thing hot, that means"}, {"start": "00:38:07", "end": "00:38:10", "text": "the agentic world will continue to"}, {"start": "00:38:08", "end": "00:38:11", "text": "accelerate and that means crypto is"}, {"start": "00:38:10", "end": "00:38:13", "text": "going to do well. So I think the pieces"}, {"start": "00:38:11", "end": "00:38:15", "text": "by Catrini, by Black Rockck, by everyone"}, {"start": "00:38:13", "end": "00:38:17", "text": "is very important. I think where my edge"}, {"start": "00:38:15", "end": "00:38:19", "text": "is in this whole thing is really"}, {"start": "00:38:17", "end": "00:38:22", "text": "spending the time every single day of"}, {"start": "00:38:19", "end": "00:38:24", "text": "connecting consumer agents importance to"}, {"start": "00:38:22", "end": "00:38:26", "text": "what's happening right now. And when you"}, {"start": "00:38:24", "end": "00:38:27", "text": "look at that chart that I've said so"}, {"start": "00:38:26", "end": "00:38:30", "text": "many times from page 71 of situational"}, {"start": "00:38:27", "end": "00:38:32", "text": "awareness, everyone should just"}, {"start": "00:38:30", "end": "00:38:34", "text": "recognize that the chaos is going to be"}, {"start": "00:38:32", "end": "00:38:37", "text": "worse next year than it is this year."}, {"start": "00:38:34", "end": "00:38:39", "text": "What we saw this year, all of the chaos,"}, {"start": "00:38:37", "end": "00:38:40", "text": "the daily, oh, we're in a bubble, we're"}, {"start": "00:38:39", "end": "00:38:42", "text": "this, it's only going to get worse"}, {"start": "00:38:40", "end": "00:38:43", "text": "because people are overwhelmed with the"}, {"start": "00:38:42", "end": "00:38:46", "text": "speed of change and we're going to"}, {"start": "00:38:43", "end": "00:38:49", "text": "accelerate next year in speed of change."}, {"start": "00:38:46", "end": "00:38:52", "text": ">> How do they prepare and navigate that?"}, {"start": "00:38:49", "end": "00:38:54", "text": "I it"}, {"start": "00:38:52", "end": "00:38:56", "text": "signal verse noise is really important."}, {"start": "00:38:54", "end": "00:39:00", "text": "Um but how do you [clears throat] do it?"}, {"start": "00:38:56", "end": "00:39:03", "text": ">> Okay, so this week a very famous hedge"}, {"start": "00:39:00", "end": "00:39:06", "text": "fund manager Ray Dalio"}, {"start": "00:39:03", "end": "00:39:08", "text": "was quoted as saying"}, {"start": "00:39:06", "end": "00:39:13", "text": "bond yields may and I and I emphasize"}, {"start": "00:39:08", "end": "00:39:15", "text": "the word may prick the AI bubble."}, {"start": "00:39:13", "end": "00:39:16", "text": "So this gets a lot of attention. People"}, {"start": "00:39:15", "end": "00:39:17", "text": "send it to me and they go, \"What do you"}, {"start": "00:39:16", "end": "00:39:18", "text": "think?\""}, {"start": "00:39:17", "end": "00:39:22", "text": ">> Bubble talk."}, {"start": "00:39:18", "end": "00:39:24", "text": ">> Now, if if this was said by, you know,"}, {"start": "00:39:22", "end": "00:39:24", "text": "Joe Joe Smith on the corner,"}, {"start": "00:39:24", "end": "00:39:26", "text": ">> by me."}, {"start": "00:39:24", "end": "00:39:29", "text": ">> Yeah. If Joe Smith got interviewed by"}, {"start": "00:39:26", "end": "00:39:31", "text": "Bloomberg and said, \"I think it may"}, {"start": "00:39:29", "end": "00:39:33", "text": "prick the AI bubble, it wouldn't even"}, {"start": "00:39:31", "end": "00:39:35", "text": "Nobody would care.\" But because Ray"}, {"start": "00:39:33", "end": "00:39:38", "text": "Dalio said it, they care. But here's the"}, {"start": "00:39:35", "end": "00:39:40", "text": "thing, and I'll show this this weekend."}, {"start": "00:39:38", "end": "00:39:43", "text": "Ray Ray Dalio. If you just go into any"}, {"start": "00:39:40", "end": "00:39:45", "text": "LLM and say, \"How often has Ray Dalio"}, {"start": "00:39:43", "end": "00:39:48", "text": "said there's a bubble over the last 15"}, {"start": "00:39:45", "end": "00:39:50", "text": "years?\" It's a lot. [snorts] And it's"}, {"start": "00:39:48", "end": "00:39:52", "text": "not to say that he's not a smart guy."}, {"start": "00:39:50", "end": "00:39:56", "text": "What it is to say is he has now made a"}, {"start": "00:39:52", "end": "00:39:58", "text": "career, his like post hedge fund career."}, {"start": "00:39:56", "end": "00:40:00", "text": "He's writing books about the history of"}, {"start": "00:39:58", "end": "00:40:02", "text": "the world. He's a very smart guy in"}, {"start": "00:40:00", "end": "00:40:04", "text": "understanding the history of the world."}, {"start": "00:40:02", "end": "00:40:05", "text": "So, he's saying we're going to end up in"}, {"start": "00:40:04", "end": "00:40:07", "text": "the exact same thing that we've had. And"}, {"start": "00:40:05", "end": "00:40:10", "text": "maybe we will. maybe they'll maybe"}, {"start": "00:40:07", "end": "00:40:12", "text": "something will go on, but I think he has"}, {"start": "00:40:10", "end": "00:40:14", "text": "a um [snorts]"}, {"start": "00:40:12", "end": "00:40:16", "text": "a thesis that he has to stick by and"}, {"start": "00:40:14", "end": "00:40:18", "text": "this is he's just going to keep doing"}, {"start": "00:40:16", "end": "00:40:19", "text": "it. And so before it was a bubble on"}, {"start": "00:40:18", "end": "00:40:21", "text": "something else and as I sent you"}, {"start": "00:40:19", "end": "00:40:22", "text": "something and I'm going to show this"}, {"start": "00:40:21", "end": "00:40:26", "text": "weekend,"}, {"start": "00:40:22", "end": "00:40:28", "text": "if there was truly a bubble,"}, {"start": "00:40:26", "end": "00:40:31", "text": "I think if we had a pandemic, the whole"}, {"start": "00:40:28", "end": "00:40:32", "text": "market would collapse. Oh, check. We"}, {"start": "00:40:31", "end": "00:40:34", "text": "already had that. It didn't do that. We"}, {"start": "00:40:32", "end": "00:40:37", "text": "were back at new all-time highs and up"}, {"start": "00:40:34", "end": "00:40:39", "text": "for the year. Okay. Well, if the Fed did"}, {"start": "00:40:37", "end": "00:40:42", "text": "the fastest rate hike in the history of"}, {"start": "00:40:39", "end": "00:40:44", "text": "the United States in an un unexpected"}, {"start": "00:40:42", "end": "00:40:45", "text": "manner, we would certainly blow up this"}, {"start": "00:40:44", "end": "00:40:48", "text": "bubble of 40 trillion in debt and the"}, {"start": "00:40:45", "end": "00:40:50", "text": "whole world would collapse. We had that"}, {"start": "00:40:48", "end": "00:40:53", "text": "one. Didn't do it. Inflation hit almost"}, {"start": "00:40:50", "end": "00:40:55", "text": "10%. Didn't do it. Okay. Maybe after"}, {"start": "00:40:53", "end": "00:40:57", "text": "they were done though, we'd see the the"}, {"start": "00:40:55", "end": "00:40:59", "text": "after effects and we'd have the biggest,"}, {"start": "00:40:57", "end": "00:41:00", "text": "fastest bank run in the history of the"}, {"start": "00:40:59", "end": "00:41:02", "text": "country. Oh, check. We had that with"}, {"start": "00:41:00", "end": "00:41:04", "text": "Silicon Valley Bank plus all the little"}, {"start": "00:41:02", "end": "00:41:06", "text": "banks that fell too. We had deposits"}, {"start": "00:41:04", "end": "00:41:08", "text": "flowing out. And guess what? New"}, {"start": "00:41:06", "end": "00:41:11", "text": "all-time highs."}, {"start": "00:41:08", "end": "00:41:14", "text": "Maybe if we decided to go back to Smoot"}, {"start": "00:41:11", "end": "00:41:17", "text": "Holly and we announced massive tariffs"}, {"start": "00:41:14", "end": "00:41:20", "text": "around the globe, that would do it."}, {"start": "00:41:17", "end": "00:41:23", "text": "Okay, we fell 20%. Then we rallied back"}, {"start": "00:41:20", "end": "00:41:25", "text": "to new all-time highs. Finally, this one"}, {"start": "00:41:23", "end": "00:41:27", "text": "there's no way you can stop because"}, {"start": "00:41:25", "end": "00:41:28", "text": "those were all kind of easy ones for the"}, {"start": "00:41:27", "end": "00:41:30", "text": "Fed to print money out of. So, you could"}, {"start": "00:41:28", "end": "00:41:32", "text": "think that they were going to print"}, {"start": "00:41:30", "end": "00:41:34", "text": "money. What about if we shut down the"}, {"start": "00:41:32", "end": "00:41:37", "text": "straight of Hormuse?"}, {"start": "00:41:34", "end": "00:41:39", "text": "Every oil would go to 200, 300, 400, 500"}, {"start": "00:41:37", "end": "00:41:41", "text": "and we would well we had that this year"}, {"start": "00:41:39", "end": "00:41:43", "text": "can't print money and yet somehow or"}, {"start": "00:41:41", "end": "00:41:45", "text": "another the market found a way to go"}, {"start": "00:41:43", "end": "00:41:48", "text": "higher. So now the new one is rates are"}, {"start": "00:41:45", "end": "00:41:52", "text": "going to do it. So I think people have"}, {"start": "00:41:48", "end": "00:41:54", "text": "to just understand the way markets work."}, {"start": "00:41:52", "end": "00:41:55", "text": "We've had new all-time highs many, many"}, {"start": "00:41:54", "end": "00:41:57", "text": "times during my career and there's been"}, {"start": "00:41:55", "end": "00:41:59", "text": "many, many bad things that have"}, {"start": "00:41:57", "end": "00:42:01", "text": "happened. And there may be another 20,"}, {"start": "00:41:59", "end": "00:42:03", "text": "30% correction next year. And it might"}, {"start": "00:42:01", "end": "00:42:06", "text": "be because rates get to such a high"}, {"start": "00:42:03", "end": "00:42:08", "text": "level that we end up with, I don't know,"}, {"start": "00:42:06", "end": "00:42:10", "text": "a bunch of businesses that we didn't"}, {"start": "00:42:08", "end": "00:42:12", "text": "know had a lot of debt in Europe, in"}, {"start": "00:42:10", "end": "00:42:14", "text": "wherever, that end up collapsing. I"}, {"start": "00:42:12", "end": "00:42:16", "text": "don't know. But I also know that if that"}, {"start": "00:42:14", "end": "00:42:18", "text": "happens, the governments have"}, {"start": "00:42:16", "end": "00:42:19", "text": "financialized everything. So they will"}, {"start": "00:42:18", "end": "00:42:21", "text": "come in just like they did after Silicon"}, {"start": "00:42:19", "end": "00:42:23", "text": "Valley Bank and make sure that they put"}, {"start": "00:42:21", "end": "00:42:26", "text": "money into the system to make it not go"}, {"start": "00:42:23", "end": "00:42:28", "text": "down. A pandemic took trillions and they"}, {"start": "00:42:26", "end": "00:42:30", "text": "did that. I don't know what other people"}, {"start": "00:42:28", "end": "00:42:32", "text": "want to do. So I think when you listen"}, {"start": "00:42:30", "end": "00:42:35", "text": "to these bubble talks particularly when"}, {"start": "00:42:32", "end": "00:42:39", "text": "it comes to AI the way to navigate watch"}, {"start": "00:42:35", "end": "00:42:41", "text": "my video. I am showing facts about the"}, {"start": "00:42:39", "end": "00:42:44", "text": "demand verse supply. I am going to show"}, {"start": "00:42:41", "end": "00:42:46", "text": "why Ray Dalio's conversation although"}, {"start": "00:42:44", "end": "00:42:48", "text": "may be true"}, {"start": "00:42:46", "end": "00:42:51", "text": "it's just the headline that he's put out"}, {"start": "00:42:48", "end": "00:42:52", "text": "there the alpha which names are working"}, {"start": "00:42:51", "end": "00:42:56", "text": "I'm literally going to go through and"}, {"start": "00:42:52", "end": "00:42:59", "text": "say okay almost nothing has worked"}, {"start": "00:42:56", "end": "00:43:02", "text": "nothing over the course of the last"}, {"start": "00:42:59", "end": "00:43:04", "text": "decade very few companies have made"}, {"start": "00:43:02", "end": "00:43:08", "text": "money if you go back to chat GBT only"}, {"start": "00:43:04", "end": "00:43:10", "text": "24% of the companies in the S&P 500 1500"}, {"start": "00:43:08", "end": "00:43:12", "text": "so 1500 companies only 25% % have"}, {"start": "00:43:10", "end": "00:43:14", "text": "produced a return greater than the index"}, {"start": "00:43:12", "end": "00:43:16", "text": "as a whole 25%. So it's very"}, {"start": "00:43:14", "end": "00:43:17", "text": "concentrated. Guess what? We've been"}, {"start": "00:43:16", "end": "00:43:19", "text": "concentrated for a long time with the"}, {"start": "00:43:17", "end": "00:43:21", "text": "MAG 7. If you're trying to make money,"}, {"start": "00:43:19", "end": "00:43:22", "text": "you need to know the things that are"}, {"start": "00:43:21", "end": "00:43:24", "text": "working. The only thing that I think you"}, {"start": "00:43:22", "end": "00:43:26", "text": "can make money on with the highest"}, {"start": "00:43:24", "end": "00:43:28", "text": "probability of certainty"}, {"start": "00:43:26", "end": "00:43:30", "text": "is things related to building out the"}, {"start": "00:43:28", "end": "00:43:31", "text": "compute because we don't have enough of"}, {"start": "00:43:30", "end": "00:43:34", "text": "it and we're going to continue to build"}, {"start": "00:43:31", "end": "00:43:36", "text": "it out. On the other side, I think you"}, {"start": "00:43:34", "end": "00:43:39", "text": "need crypto. So the alpha I'm trying to"}, {"start": "00:43:36", "end": "00:43:40", "text": "give. And then finally, the best way to"}, {"start": "00:43:39", "end": "00:43:42", "text": "feel empowered is to learn how to use"}, {"start": "00:43:40", "end": "00:43:44", "text": "AI. If that's what's causing the"}, {"start": "00:43:42", "end": "00:43:46", "text": "problems and that's where the biggest"}, {"start": "00:43:44", "end": "00:43:47", "text": "fear is, if you want to make sure that"}, {"start": "00:43:46", "end": "00:43:50", "text": "you know more than Ray Dalio, trust me,"}, {"start": "00:43:47", "end": "00:43:51", "text": "he doesn't sit on an LLM all day. So go"}, {"start": "00:43:50", "end": "00:43:53", "text": "build something, upload it to GitHub,"}, {"start": "00:43:51", "end": "00:43:55", "text": "you have something over Ray Dalio that"}, {"start": "00:43:53", "end": "00:43:56", "text": "he doesn't know about today's world. So"}, {"start": "00:43:55", "end": "00:43:57", "text": "the agency side, the empowering side is"}, {"start": "00:43:56", "end": "00:43:59", "text": "very important, too."}, {"start": "00:43:57", "end": "00:44:01", "text": ">> I could not agree more. What are you"}, {"start": "00:43:59", "end": "00:44:03", "text": "going to do your video on this week?"}, {"start": "00:44:01", "end": "00:44:05", "text": ">> I just kind of did it. It's a bunch of"}, {"start": "00:44:03", "end": "00:44:08", "text": "that stuff. Uh we we just talked about"}, {"start": "00:44:05", "end": "00:44:10", "text": "it, but in more detail and seriously I"}, {"start": "00:44:08", "end": "00:44:13", "text": "uh I enjoy doing this. I had a great"}, {"start": "00:44:10", "end": "00:44:14", "text": "time with the group that I saw and I'm"}, {"start": "00:44:13", "end": "00:44:17", "text": "not kidding for people that in the"}, {"start": "00:44:14", "end": "00:44:19", "text": "crypto community that are having big"}, {"start": "00:44:17", "end": "00:44:20", "text": "conferences where you have a lot of"}, {"start": "00:44:19", "end": "00:44:22", "text": "people where you think I can add some"}, {"start": "00:44:20", "end": "00:44:24", "text": "value. I'm going to go to a lot of them"}, {"start": "00:44:22", "end": "00:44:26", "text": "next year and before my calendar fills"}, {"start": "00:44:24", "end": "00:44:28", "text": "up with things for you and for other"}, {"start": "00:44:26", "end": "00:44:31", "text": "people that have first dibs, I would"}, {"start": "00:44:28", "end": "00:44:33", "text": "like to be in a position where I can go"}, {"start": "00:44:31", "end": "00:44:35", "text": "to places and talk. I think the most"}, {"start": "00:44:33", "end": "00:44:36", "text": "important time to get back to your thing"}, {"start": "00:44:35", "end": "00:44:38", "text": "about Catrini, Black Rockck, Joseph"}, {"start": "00:44:36", "end": "00:44:40", "text": "Chalum, William Magguire, whoever you"}, {"start": "00:44:38", "end": "00:44:43", "text": "listen to right now, the voices are"}, {"start": "00:44:40", "end": "00:44:45", "text": "getting louder and louder on crypto. I"}, {"start": "00:44:43", "end": "00:44:47", "text": "think making sure that people have a"}, {"start": "00:44:45", "end": "00:44:49", "text": "chance to hear this and understand it"}, {"start": "00:44:47", "end": "00:44:51", "text": "and learn from it is really important."}, {"start": "00:44:49", "end": "00:44:53", "text": "So, I think the next 12 months is is"}, {"start": "00:44:51", "end": "00:44:55", "text": "something I regret with the Micron thing"}, {"start": "00:44:53", "end": "00:44:56", "text": "of not really explaining to people, but"}, {"start": "00:44:55", "end": "00:44:58", "text": "I didn't have a big enough audience."}, {"start": "00:44:56", "end": "00:44:59", "text": "Now, I have a big enough audience. So, I"}, {"start": "00:44:58", "end": "00:45:01", "text": "want to make sure that as many people as"}, {"start": "00:44:59", "end": "00:45:03", "text": "possible hear our show, but they also"}, {"start": "00:45:01", "end": "00:45:07", "text": "learn about the importance of crypto."}, {"start": "00:45:03", "end": "00:45:10", "text": ">> The Jordy Visser World Tour begins"}, {"start": "00:45:07", "end": "00:45:13", "text": "January 1st, 2027."}, {"start": "00:45:10", "end": "00:45:15", "text": "Book them now before his availability is"}, {"start": "00:45:13", "end": "00:45:16", "text": "out. By the way, did you know that I'll"}, {"start": "00:45:15", "end": "00:45:18", "text": "never ask you to go anywhere other than"}, {"start": "00:45:16", "end": "00:45:20", "text": "in New York City? Cuz I don't go"}, {"start": "00:45:18", "end": "00:45:21", "text": "anywhere for any event. Like, if we do"}, {"start": "00:45:20", "end": "00:45:23", "text": "an event, it has to be in New York City"}, {"start": "00:45:21", "end": "00:45:26", "text": "because I don't want to travel. Um,"}, {"start": "00:45:23", "end": "00:45:28", "text": ">> I wish I had a video for everyone to see"}, {"start": "00:45:26", "end": "00:45:30", "text": "that you and I passed each other in DC"}, {"start": "00:45:28", "end": "00:45:31", "text": "where you didn't tell me you were going"}, {"start": "00:45:30", "end": "00:45:33", "text": "to be there and it was literally not a"}, {"start": "00:45:31", "end": "00:45:35", "text": "joke. You were going out of turn style."}, {"start": "00:45:33", "end": "00:45:36", "text": "I was coming in a turn style."}, {"start": "00:45:35", "end": "00:45:37", "text": ">> High fived."}, {"start": "00:45:36", "end": "00:45:39", "text": ">> Yeah."}, {"start": "00:45:37", "end": "00:45:41", "text": ">> And by the way, he was going and Jordy"}, {"start": "00:45:39", "end": "00:45:42", "text": "Jordi is a amateur when it comes to"}, {"start": "00:45:41", "end": "00:45:45", "text": "conference attendance. He was there for"}, {"start": "00:45:42", "end": "00:45:46", "text": "like two days. All I went down on the"}, {"start": "00:45:45", "end": "00:45:49", "text": "train in the morning, did my 15-minute"}, {"start": "00:45:46", "end": "00:45:52", "text": "talk and went right back. I had the best"}, {"start": "00:45:49", "end": "00:45:53", "text": "time I've had at an event with those"}, {"start": "00:45:52", "end": "00:45:55", "text": "people in DC."}, {"start": "00:45:53", "end": "00:45:57", "text": ">> They were they were great. I I uh had to"}, {"start": "00:45:55", "end": "00:46:00", "text": "come back for other reasons. But I have"}, {"start": "00:45:57", "end": "00:46:02", "text": "one last thing, a surprise for you. Uh"}, {"start": "00:46:00", "end": "00:46:03", "text": "did I hear that you read some of the"}, {"start": "00:46:02", "end": "00:46:03", "text": "chapters of my new book?"}, {"start": "00:46:03", "end": "00:46:05", "text": ">> Yes, I did."}, {"start": "00:46:03", "end": "00:46:07", "text": ">> The book is so good that I made Jordy"}, {"start": "00:46:05", "end": "00:46:08", "text": "read. Just think about that. That's the"}, {"start": "00:46:07", "end": "00:46:10", "text": "only ad you need. It [laughter]"}, {"start": "00:46:08", "end": "00:46:13", "text": ">> it got Jordy Visser to read a book."}, {"start": "00:46:10", "end": "00:46:17", "text": ">> It it it's it's really not a book. It's"}, {"start": "00:46:13", "end": "00:46:19", "text": "a it's it's it's very similar to a book"}, {"start": "00:46:17", "end": "00:46:21", "text": "that I love, The Daily Stoic, because"}, {"start": "00:46:19", "end": "00:46:24", "text": "it's just passages. So, I can read like"}, {"start": "00:46:21", "end": "00:46:25", "text": "a page I can read a page a week. I'll"}, {"start": "00:46:24", "end": "00:46:26", "text": "finish it by the end of the year."}, {"start": "00:46:25", "end": "00:46:29", "text": ">> They're they're letters, so they're like"}, {"start": "00:46:26", "end": "00:46:30", "text": "two pages long. Uh and there's 50 of"}, {"start": "00:46:29", "end": "00:46:33", "text": "them. But I just I figured out what's"}, {"start": "00:46:30", "end": "00:46:34", "text": "the best ad that I could make. Just the"}, {"start": "00:46:33", "end": "00:46:35", "text": "book's so good, Jordy Visser read it."}, {"start": "00:46:34", "end": "00:46:37", "text": "[laughter]"}, {"start": "00:46:35", "end": "00:46:38", "text": ">> And I love reading about spinach, so"}, {"start": "00:46:37", "end": "00:46:39", "text": "it's fine."}, {"start": "00:46:38", "end": "00:46:41", "text": ">> The devil doesn't tempt you with"}, {"start": "00:46:39", "end": "00:46:45", "text": "spinach. All right. Thank you all for"}, {"start": "00:46:41", "end": "00:46:45", "text": "watching. We'll see you guys next week."}]

[{"end": "00:00:59", "start": "00:00:00", "text": "\u0986\u09aa\u09a8\u09bf \u09af\u09a6\u09bf \u0997\u09cd\u09b2\u09cb\u09ac\u09be\u09b2 \u098f\u09ae \u09e8 \u09ac\u09a8\u09be\u09ae \u09ac\u09bf\u099f\u0995\u09df\u09c7\u09a8\u09c7\u09b0 \u099a\u09be\u09b0\u09cd\u099f\u0997\u09c1\u09b2\u09cb \u09a6\u09c7\u0996\u09c7\u09a8 \u09af\u09be \u09b8\u09ac\u09be\u0987 \u09a6\u09c7\u0996\u09be\u09a4\u09c7 \u09aa\u099b\u09a8\u09cd\u09a6 \u0995\u09b0\u09c7, \u09a4\u09ac\u09c7 \u09b8\u09c7\u0997\u09c1\u09b2\u09cb \u09ac\u09b2\u099b\u09c7 \u09af\u09c7 \u09ac\u09bf\u099f\u0995\u09df\u09c7\u09a8\u09c7\u09b0 \u09a6\u09be\u09ae \u09e8\u09eb\u09e6 \u09a5\u09c7\u0995\u09c7 \u09e9\u09e6\u09e6 \u09b9\u09be\u099c\u09be\u09b0 \u09a1\u09b2\u09be\u09b0\u09c7\u09b0 \u0986\u09b6\u09c7\u09aa\u09be\u09b6\u09c7 \u09a5\u09be\u0995\u09be \u0989\u099a\u09bf\u09a4\u0964 \u09ac\u09be\u099c\u09be\u09b0 \u09af\u09c7\u09a6\u09bf\u0995\u09c7 \u09af\u09be\u099a\u09cd\u099b\u09c7 \u09a4\u09be\u09b0 \u0993\u09aa\u09b0 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{"end": "00:02:24", "start": "00:01:12", "text": ">> \u0986\u099a\u09cd\u099b\u09be, \u09a0\u09bf\u0995 \u0986\u099b\u09c7\u0964 \u0986\u09ae\u09bf \u09ac\u09bf\u09b6\u09cd\u09ac\u09be\u09b8 \u0995\u09b0\u09bf \u09af\u09c7 \u09ac\u09bf\u099f\u0995\u09df\u09c7\u09a8 \u0985\u09a8\u09c7\u0995\u09be\u0982\u09b6\u09c7 \u09a4\u09be\u09b0\u09b2\u09cd\u09af\u0995\u09c7 \u0985\u09a8\u09c1\u09b8\u09b0\u09a3 \u0995\u09b0\u09c7, \u09a4\u09ac\u09c7 \u0986\u09ae\u09be\u09b0 \u09ae\u09a8\u09c7 \u09b9\u09df \u099f\u09cd\u09b0\u09be\u09ae\u09cd\u09aa \u099f\u09cd\u09b0\u09c7\u09a1 \u098f\u09ac\u0982 \u09b8\u09cd\u09aa\u09b7\u09cd\u099f\u09a4\u09be\u0995\u09c7 \u0995\u09c7\u09a8\u09cd\u09a6\u09cd\u09b0 \u0995\u09b0\u09c7 \u09af\u09be \u0998\u099f\u099b\u09c7 \u09a4\u09be\u09b0 \u09ae\u09a7\u09cd\u09af\u09c7 \u098f\u0995\u099f\u09bf \u09a8\u09bf\u09b6\u09cd\u099a\u09df\u09a4\u09be \u0993 \u0985\u09a8\u09bf\u09b6\u09cd\u099a\u09df\u09a4\u09be\u09b0 \u09ac\u09bf\u09b7\u09df\u0993 \u0995\u09be\u099c 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"\u0987\u09df\u09c7\u09b2\u09cd\u09a1 \u09ac\u09be \u09ae\u09c1\u09a8\u09be\u09ab\u09be\u09b0 \u09b9\u09be\u09b0 \u09af\u09a4 \u09ac\u09c7\u09b6\u09bf \u09b9\u09df, \u09b8\u09cd\u09ac\u09be\u09ad\u09be\u09ac\u09bf\u0995\u09ad\u09be\u09ac\u09c7\u0987 \u09ae\u09be\u09a8\u09c1\u09b7 \u09a4\u09a4 \u09ac\u09c7\u09b6\u09bf \u09ae\u09c2\u09b2\u09a7\u09a8 \u09ac\u09bf\u09a8\u09bf\u09df\u09cb\u0997 \u0995\u09b0\u09a4\u09c7 \u099a\u09be\u09df\u0964 \u0987\u09df\u09c7\u09b2\u09cd\u09a1 \u09af\u09a4 \u0995\u09ae \u09b9\u09df , \u09a4\u09a4 \u09ac\u09c7\u09b6\u09bf \u09ae\u09c2\u09b2\u09a7\u09a8 \u09ac\u09c7\u09b0\u09bf\u09df\u09c7 \u0986\u09b8\u09c7\u0964 \u0986\u09aa\u09a8\u09bf \u09ae\u09c2\u09b2\u09a4 \u09af\u09be \u09ac\u09b2\u099b\u09c7\u09a8 \u09a4\u09be \u09b9\u09b2\u09cb, \u09af\u09a6\u09bf \u09a4\u09be\u09a6\u09c7\u09b0 \u09ae\u09a8\u09c7 \u09b9\u09df \u099a\u09be\u09b9\u09bf\u09a6\u09be \u09af\u09a5\u09c7\u09b7\u09cd\u099f \u09a8\u09c7\u0987, \u09a4\u09ac\u09c7 \u098f\u099f\u09bf 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\u09a4\u09be\u0987 \u09a8\u09be? \u0986\u09aa\u09a8\u09bf \u098f\u0995\u099c\u09a8 \u09aa\u09cd\u09b0\u09cb\u09a1\u09be\u0995\u09cd\u099f \u09ae\u09cd\u09af\u09be\u09a8\u09c7\u099c\u09be\u09b0, \u0986\u09aa\u09a8\u09bf \u099c\u09be\u09a8\u09c7\u09a8 \u098f\u09ac\u09bf (AB) \u099f\u09c7\u09b8\u09cd\u099f\u09bf\u0982 \u0995\u09c0\u0964 \u0993\u09af\u09bc\u09c7\u09b2\u09a5 \u09ae\u09cd\u09af\u09be\u09a8\u09c7\u099c\u09ae\u09c7\u09a8\u09cd\u099f \u099c\u0997\u09a4\u09c7 \u098f\u099f\u09be \u0995\u09b0\u09be \u0996\u09c1\u09ac\u0987 \u0995\u09a0\u09bf\u09a8\u0964 \u098f\u099f\u09bf \u09aa\u09cd\u09b0\u09a5\u09ae \u0985\u0982\u09b6\u0964 \u09a6\u09cd\u09ac\u09bf\u09a4\u09c0\u09af\u09bc \u0985\u0982\u09b6 \u09b9\u09b2\u09cb, \u098f\u09ac\u0982 \u098f\u0987 \u0986\u09b0\u0986\u0987\u098f-\u09a6\u09c7\u09b0 \u0985\u09a8\u09c7\u0995\u09c7\u0987 \u0986\u09ae\u09be\u09b0 \u0995\u09cd\u09b2\u09be\u09af\u09bc\u09c7\u09a8\u09cd\u099f, \u09a4\u09be\u0987 \u0986\u09ae\u09be\u09b0 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\u09eb%-\u098f\u09b0 \u09a8\u09bf\u099a\u09c7\u09b0 \u0995\u09cb\u09a8\u09cb \u0995\u09bf\u099b\u09c1\u09b0 \u0993\u09aa\u09b0 \u09ac\u09be\u09dc\u09a4\u09bf \u0986\u09df \u0995\u09b0\u09be \u0989\u099a\u09bf\u09a4 \u09a8\u09df\u0964 \u098f\u09ac\u0982 \u0986\u09ae\u09be\u09b0 \u098f\u0995\u099f\u09bf \u09b9\u09be\u09b0\u09cd\u09a1\u09b2 \u09b0\u09c7\u099f (hurdle rate) \u0986\u099b\u09c7, \u09af\u09be \u09a8\u09bf\u09df\u09c7, \u0986\u09aa\u09a8\u09bf \u099c\u09be\u09a8\u09c7\u09a8, \u0985\u09ac\u09b6\u09cd\u09af\u0987 \u09b0\u09be\u09b8\u09cd\u09a4\u09be\u09df \u09a6\u09be\u0999\u09cd\u0997\u09be \u09b6\u09c1\u09b0\u09c1 \u09b9\u09df\u09c7 \u09af\u09c7\u09a4 \u09af\u09a6\u09bf\u2014 \u09b9\u09cd\u09af\u09be\u0981, \u0986\u09aa\u09a8\u09bf \u09a0\u09bf\u0995\u0987 \u09ac\u09b2\u09c7\u099b\u09c7\u09a8\u0964 \u0995\u09cb\u09a8\u09cb \u0986\u09b0\u0986\u0987\u098f (RIA) \u098f\u099f\u09bf \u0995\u09b0\u09ac\u09c7 \u09a8\u09be\u0964 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\u09b2\u09c7\u09a8\u09cd\u09a1\u09bf\u0982 \u098f\u09ac\u0982 \u0986\u09b8\u09a8\u09cd\u09a8 \u099f\u09cb\u0995\u09c7\u09a8\u09be\u0987\u099c\u09a1 \u09b8\u09cd\u099f\u0995\u09c7\u09b0 \u09b8\u09c1\u09ac\u09bf\u09a7\u09be \u09aa\u09c7\u09a4\u09c7 \u09aa\u09be\u09b0\u09c7, \u09af\u09be \u09a8\u09bf\u09df\u09c7 \u0986\u09ae\u09b0\u09be \u098f\u09a8\u0993\u09df\u09be\u0987\u098f\u09b8\u0987 (NYSE) \u098f\u09ac\u0982 \u09a8\u09be\u09b8\u09a1\u09be\u0995 (Nasdaq)- \u098f\u09b0 \u09b8\u09be\u09a5\u09c7 \u0985\u0982\u09b6\u09c0\u09a6\u09be\u09b0\u09bf\u09a4\u09cd\u09ac \u098f\u09ac\u0982 \u09a4\u09be\u09a6\u09c7\u09b0 \u0986\u09a8\u09cd\u09a4\u09b0\u09cd\u099c\u09be\u09a4\u09bf\u0995 \u09b8\u09b9\u09af\u09cb\u0997\u09c0\u09a6\u09c7\u09b0 \u09b8\u09ae\u09cd\u09aa\u09b0\u09cd\u0995\u09c7 \u09aa\u09dc\u099b\u09bf, \u09af\u09c7\u0996\u09be\u09a8\u09c7 \u0986\u09ac\u09cd\u09b0\u09be \u099f\u09cb\u0995\u09c7\u09a8\u09be\u0987\u099c\u09a1 \u09b6\u09c7\u09df\u09be\u09b0\u09c7\u09b0 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\u09aa\u09cd\u09b0\u09a5\u09ae\u09a4, \u09a4\u09be\u09a6\u09c7\u09b0 \u0995\u09be\u099c\u09c7\u09b0 \u0997\u09a4\u09bf \u09b8\u09ae\u09cd\u09aa\u09b0\u09cd\u0995\u09c7 \u09a8\u09a4\u09c1\u09a8 \u0995\u09b0\u09c7 \u09ad\u09be\u09ac\u09a4\u09c7 \u09b9\u09ac\u09c7\u0964 \u09a4\u09be\u09a6\u09c7\u09b0 \u09a8\u09a4\u09c1\u09a8 \u0995\u09b0\u09c7\u2014\u098f\u09ac\u0982 \u0986\u09ae\u09bf \u09ac\u09b2\u09ac \u098f\u099f\u09bf \u0985\u09a8\u09c7\u0995\u099f\u09be \u09e7 \u0995, \u09e7 \u0996- \u098f\u09b0 \u09ae\u09a4\u09cb\u2014\u0986\u09ae\u09be\u09a6\u09c7\u09b0 \u09b8\u09cd\u09ac\u09a4\u09a8\u09cd\u09a4\u09cd\u09b0 \u0986\u09b0\u0986\u0987\u098f\u0997\u09c1\u09b2\u09cb\u09b0 \u09ae\u09c2\u09b2\u09cd\u09af\u09be\u09df\u09a3 \u09a8\u09bf\u09df\u09c7 \u09a8\u09a4\u09c1\u09a8 \u0995\u09b0\u09c7 \u09ad\u09be\u09ac\u09a4\u09c7 \u09b9\u09ac\u09c7, \u0985\u09b0\u09cd\u09a5\u09be\u09ce \u09b8\u09c7\u0987 \u09ae\u09be\u09a8\u09c1\u09b7\u0997\u09c1\u09b2\u09cb \u09af\u09be\u09b0\u09be 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"text": "\u09ac\u09b0\u09cd\u09a4\u09ae\u09be\u09a8\u09c7, \u0986\u09aa\u09a8\u09bf \u09af\u09a6\u09bf \u09ac\u09bf\u099f\u0995\u09df\u09c7\u09a8\u09c7\u09b0 \u0993\u09aa\u09b0 \u09ae\u09c1\u09a8\u09be\u09ab\u09be \u0985\u09b0\u09cd\u099c\u09a8 \u0995\u09b0\u09a4\u09c7 \u099a\u09be\u09a8, \u09a4\u09ac\u09c7 \u0986\u09aa\u09a8\u09bf \u09b8\u09c7\u0987 \u09ac\u09bf\u099f\u0995\u09df\u09c7\u09a8 \u098f\u0995\u099f\u09bf \u0986\u09ac\u09b0\u09be \u09b8\u09c7\u09aa\u09be\u09b0\u09c7\u099f\u09b2\u09bf \u09ae\u09cd\u09af\u09be\u09a8\u09c7\u099c\u09a1 \u0985\u09cd\u09af\u09be\u0995\u09be\u0989\u09a8\u09cd\u099f\u09c7 \u099c\u09ae\u09be \u0995\u09b0\u09ac\u09c7\u09a8, \u098f\u0995\u09c7 \u098f\u0995\u099f\u09bf \u09ad\u09b2\u09cd\u099f \u09ac\u09be \u09b8\u09bf\u09a8\u09cd\u09a6\u09c1\u0995\u09c7\u09b0 \u09ae\u09a4\u09cb \u09ad\u09be\u09ac\u09a4\u09c7 \u09aa\u09be\u09b0\u09c7\u09a8, \u09af\u09c7\u0996\u09be\u09a8\u09c7 \u0986\u09aa\u09a8\u09be\u09b0 \u09ac\u09bf\u099f\u0995\u09df\u09c7\u09a8 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\u098f\u09ae\u09a8\u0995\u09bf \u09a4\u09be\u09b0\u09be \u09af\u09a6\u09bf \u0995\u09b0\u09a4 >> \u098f\u09ae\u09a8\u0995\u09bf \u09a4\u09be\u09b0\u09be \u09af\u09a6\u09bf \u09a4\u09be \u09a8\u09be\u0993 \u0995\u09b0\u09a4\u0964 \u09a0\u09bf\u0995 \u0964 \u09b9\u09cd\u09af\u09be\u0981, \u098f\u0995\u09a6\u09ae\u0964 \u098f\u099f\u09be \u0995\u09cb\u09a8\u09cb \u09ac\u09cd\u09af\u09be\u09aa\u09be\u09b0 \u09a8\u09be\u0964 \u0995\u09bf\u09a8\u09cd\u09a4\u09c1 \u0986\u09ae\u09be\u09b0 \u09ac\u0995\u09cd\u09a4\u09ac\u09cd\u09af \u09b9\u09b2\u09cb >> \u09a4\u09be\u09b0\u09be \u098f\u0987 \u09ac\u09bf\u09b7\u09df\u09c7 \u0995\u09b2 \u0995\u09b0\u09a4\u0964 >> \u098f\u099f\u09bf \u0985\u09ac\u09b6\u09cd\u09af\u0987 \u0986\u0987\u09a8\u09bf \u0995\u09be\u09a0\u09be\u09ae\u09cb\u0997\u09c1\u09b2\u09cb \u09a8\u09bf\u09df\u09c7 \u0985\u09a8\u09c7\u0995 \u09aa\u09cd\u09b0\u09b6\u09cd\u09a8 \u0989\u09a4\u09cd\u09a5\u09be\u09aa\u09a8 \u0995\u09b0\u09c7, \u09af\u09be\u09b0 \u0985\u09a7\u09c0\u09a8\u09c7 \u098f\u0987 \u09b8\u09ae\u09b8\u09cd\u09a4 \u09b8\u09bf\u09b8\u09cd\u099f\u09c7\u09ae \u09aa\u09b0\u09bf\u099a\u09be\u09b2\u09bf\u09a4 \u09b9\u09a4\u09c7 \u09af\u09be\u099a\u09cd\u099b\u09c7\u0964 \u09ae\u09be\u09a8\u09c7 \u09b9\u09b2\u09cb >> \u0989\u09ae >> \u0986\u09aa\u09a8\u09bf \u099c\u09be\u09a8\u09c7\u09a8, \u09a1\u09bf\u09ab\u09be\u0987 (DeFi) \u09af\u09a6\u09bf \u09aa\u09c1\u09b0\u09cb\u09aa\u09c1\u09b0\u09bf \u09b8\u09cd\u09ac\u09df\u0982\u0995\u09cd\u09b0\u09bf\u09df \u09b9\u09df \u098f\u09ac\u0982 \u09ac\u09a8\u09cd\u09a7 \u0995\u09b0\u09be\u09b0 \u0995\u09cb\u09a8\u09cb \u09b8\u09c1\u0987\u099a \u09a8\u09be \u09a5\u09be\u0995\u09c7, \u09a4\u09ac\u09c7 \u09b9\u09df\u09a4\u09cb \u099b\u09be\u09dc \u09aa\u09c7\u09a4\u09c7 \u09aa\u09be\u09b0\u09c7\u0964 \u0995\u09bf\u09a8\u09cd\u09a4\u09c1 \u09af\u09a6\u09bf \u098f\u09ae\u09a8 \u0995\u09cb\u09a8\u09cb \u0995\u09cb\u09ae\u09cd\u09aa\u09be\u09a8\u09bf \u09a5\u09be\u0995\u09c7 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"\u098f\u09ac\u0982 \u0986\u09ae\u09b0\u09be \u09a4\u09be \u09ac\u09c1\u099d\u09c7 \u09a8\u09c7\u09ac\u0964 \u0995\u09bf\u09a8\u09cd\u09a4\u09c1 \u0986\u09ae\u09be\u09b0 \u09aa\u09df\u09c7\u09a8\u09cd\u099f \u09b9\u09b2\u09cb, \u0986\u09ae\u09be\u09b0 \u09ae\u09a8\u09c7 \u09b9\u09df \u098f\u099f\u09bf \u09aa\u09b0\u09bf\u09ac\u09b0\u09cd\u09a4\u09a8 \u09b9\u09a4\u09c7 \u09af\u09be\u099a\u09cd\u099b\u09c7, \u09aa\u09cd\u09b0\u09a5\u09ae\u09c7 \u09af\u09c1\u0995\u09cd\u09a4\u09b0\u09be\u09b7\u09cd\u099f\u09cd\u09b0\u09c7 \u098f\u09ac\u0982 \u09aa\u09b0\u09c7 \u0987\u0989\u09b0\u09cb\u09aa\u09c7, \u09af\u09c7 \u09aa\u09c1\u09b0\u09cb \u0995\u09be\u09a0\u09be\u09ae\u09cb\u09b0 \u0985\u09a7\u09c0\u09a8\u09c7 \u0986\u09ae\u09b0\u09be \u09ae\u09be\u09a8\u09c1\u09b7\u09c7\u09b0 \u099c\u09a8\u09cd\u09af \u09ab\u09bf\u09a1\u09c1\u09b6\u09bf\u09af\u09bc\u09be\u09b0\u09bf \u09ad\u09bf\u09a4\u09cd\u09a4\u09bf\u0995 \u09aa\u09b0\u09bf\u09b7\u09c7\u09ac\u09be \u09aa\u09cd\u09b0\u09a6\u09be\u09a8 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\u09b9\u09ac\u09c7\u0964 >> \u0985\u09ac\u09b6\u09cd\u09af\u0987\u0964 \u0995\u09bf\u09a8\u09cd\u09a4\u09c1 \u09a4\u09be\u09b0\u09be \u0986\u099c \u09a4\u09be \u09aa\u09be\u099a\u09cd\u099b\u09c7 \u09a8\u09be\u0964 >> \u09b9\u09cd\u09af\u09be\u0981, \u0985\u09ac\u09b6\u09cd\u09af\u0987\u0964 >> \u09b9\u09cd\u09af\u09be\u0981\u0964 \u0986\u099a\u09cd\u099b\u09be, \u09ac\u09bf\u09b7\u09df\u099f\u09bf \u09b9\u09b2\u09cb \u09b8\u09bf\u09b2\u09ad\u09bf\u09af\u09bc\u09be\u0995\u09c7 \u09a8\u09bf\u09df\u09c7 \u0986\u09ae\u09be\u09b0 \u099a\u09bf\u09a8\u09cd\u09a4\u09be\u09ad\u09be\u09ac\u09a8\u09be, \u09a4\u09be\u0987 \u09a8\u09be?"}, {"end": "00:47:25", "start": "00:38:41", "text": "\u09ac\u09cd\u09af\u09be\u09aa\u09be\u09b0\u099f\u09be \u098f\u09ae\u09a8 \u09af\u09c7, \u09a0\u09bf\u0995 \u0986\u099b\u09c7, \u0986\u09ae\u09b0\u09be \u098f\u0987 \u098f\u0986\u0987 \u09b8\u09bf\u098f\u09ab\u0993 (AI CFO) \u09a4\u09c8\u09b0\u09bf \u0995\u09b0\u09c7\u099b\u09bf, \u0996\u09c1\u09ac 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"00:42:28", "text": "\u09a4\u09cb, \u09b8\u09c7\u0987 \u0993\u098f\u09b8 \u09b2\u09c7\u09df\u09be\u09b0\u099f\u09bf\u0987 \u09ae\u09c2\u09b2\u09a4 \u0985\u09cd\u09af\u09be\u09aa \u09b2\u09c7\u09df\u09be\u09b0\u0995\u09c7 \u09aa\u09cd\u09b0\u09a4\u09bf\u09b8\u09cd\u09a5\u09be\u09aa\u09a8 \u0995\u09b0\u09ac\u09c7, \u09a0\u09bf\u0995? \u098f\u0987 \u09a7\u09b0\u09a3\u09c7\u09b0 \u098f\u099c\u09c7\u09a8\u09cd\u099f\u09bf\u0995 \u0985\u09b0\u09cd\u0995\u09c7\u09b8\u09cd\u099f\u09cd\u09b0\u09c7\u09b6\u09a8\u09c7\u09b0 \u09ae\u09be\u09a7\u09cd\u09af\u09ae\u09c7\u0987 \u09b8\u09ac \u0995\u09ae\u09cd\u09aa\u09bf\u0989\u099f\u09bf\u0982 \u09b9\u09ac\u09c7 \u0964 >> \u09b9\u09c1\u09ae\u0964 >> \u09a4\u09cb, \u0986\u09aa\u09a8\u09be\u09b0 \u0986\u09b0\u09cd\u09a5\u09bf\u0995 \u099c\u09c0\u09ac\u09a8 \u09ac\u09be \u09ac\u09cd\u09af\u0995\u09cd\u09a4\u09bf\u0997\u09a4 \u099c\u09c0\u09ac\u09a8, \u098f\u09b8\u09ac\u09c7\u09b0 \u0986\u09b0 \u0995\u09cb\u09a8\u09cb \u0986\u09b2\u09be\u09a6\u09be 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[{"start": "00:00:00", "end": "00:00:06", "text": "the practices of how to secure your key"}, {"start": "00:00:03", "end": "00:00:09", "text": "I think is the most essential"}, {"start": "00:00:06", "end": "00:00:12", "text": "uh skill that anyone needs to learn in"}, {"start": "00:00:09", "end": "00:00:13", "text": "the next couple of decades ahead. And so"}, {"start": "00:00:12", "end": "00:00:15", "text": "if you can learn it through trying to"}, {"start": "00:00:13", "end": "00:00:17", "text": "secure some Bitcoin and then later that"}, {"start": "00:00:15", "end": "00:00:20", "text": "becomes your data, your decentralized"}, {"start": "00:00:17", "end": "00:00:22", "text": "AI, your own LLMs and hosted"}, {"start": "00:00:20", "end": "00:00:25", "text": "environments like there's only going to"}, {"start": "00:00:22", "end": "00:00:27", "text": "be two options. You have to embrace this"}, {"start": "00:00:25", "end": "00:00:29", "text": "technology and you're either going to do"}, {"start": "00:00:27", "end": "00:00:30", "text": "it in a way where you control the key or"}, {"start": "00:00:29", "end": "00:00:33", "text": "you give the key to someone else and"}, {"start": "00:00:30", "end": "00:00:34", "text": "they can weaponize your your data."}, {"start": "00:00:33", "end": "00:00:36", "text": "What's going on guys? Today we got a"}, {"start": "00:00:34", "end": "00:00:37", "text": "great conversation with Simon Dixon."}, {"start": "00:00:36", "end": "00:00:40", "text": "He's an investor and one of the Bitcoin"}, {"start": "00:00:37", "end": "00:00:41", "text": "OGs from all the way back in 2011. In"}, {"start": "00:00:40", "end": "00:00:42", "text": "this conversation, we're going to talk"}, {"start": "00:00:41", "end": "00:00:44", "text": "about some very important topics."}, {"start": "00:00:42", "end": "00:00:46", "text": "They're going to help you update your"}, {"start": "00:00:44", "end": "00:00:46", "text": "worldview, how capital flows, and who"}, {"start": "00:00:46", "end": "00:00:48", "text": "actually is in control [clears throat]"}, {"start": "00:00:46", "end": "00:00:50", "text": "of power. We talk about"}, {"start": "00:00:48", "end": "00:00:51", "text": "decentralization, sovereignty, Bitcoin,"}, {"start": "00:00:50", "end": "00:00:53", "text": "AI, and many other topics that you're"}, {"start": "00:00:51", "end": "00:00:55", "text": "probably feeling in your everyday life,"}, {"start": "00:00:53", "end": "00:00:56", "text": "but haven't yet been able to articulate."}, {"start": "00:00:55", "end": "00:00:58", "text": "I think Simon has a very unique view of"}, {"start": "00:00:56", "end": "00:00:59", "text": "the world. And he's going to help you"}, {"start": "00:00:58", "end": "00:01:01", "text": "think through what's happening, where's"}, {"start": "00:00:59", "end": "00:01:02", "text": "the world going, how should you invest"}, {"start": "00:01:01", "end": "00:01:04", "text": "your money, and what are the things that"}, {"start": "00:01:02", "end": "00:01:05", "text": "you should be preparing for to make sure"}, {"start": "00:01:04", "end": "00:01:07", "text": "that you and your family are in a much"}, {"start": "00:01:05", "end": "00:01:10", "text": "better spot 10 or 20 years from now."}, {"start": "00:01:07", "end": "00:01:11", "text": "Here's my conversation with Simon Dixon."}, {"start": "00:01:10", "end": "00:01:14", "text": "All right, Simon, you've been in Bitcoin"}, {"start": "00:01:11", "end": "00:01:16", "text": "since 2011. And I think over the last, I"}, {"start": "00:01:14", "end": "00:01:17", "text": "don't know, decade, 15 years or so, uh,"}, {"start": "00:01:16", "end": "00:01:20", "text": "a lot of people who are Bitcoin OGs,"}, {"start": "00:01:17", "end": "00:01:22", "text": "they started to dabble in other coins,"}, {"start": "00:01:20", "end": "00:01:24", "text": "other technologies, other areas of the"}, {"start": "00:01:22", "end": "00:01:25", "text": "industry. Some of those people were"}, {"start": "00:01:24", "end": "00:01:27", "text": "doing it purely for like profit"}, {"start": "00:01:25", "end": "00:01:28", "text": "motivation. Other people were doing it"}, {"start": "00:01:27", "end": "00:01:29", "text": "because they were interested in like,"}, {"start": "00:01:28", "end": "00:01:30", "text": "hey, how do you take this blockchain"}, {"start": "00:01:29", "end": "00:01:32", "text": "technology that I got excited about in"}, {"start": "00:01:30", "end": "00:01:34", "text": "the early days and then use it for"}, {"start": "00:01:32", "end": "00:01:36", "text": "different use cases. talk a little bit"}, {"start": "00:01:34", "end": "00:01:37", "text": "about your journey and specifically"}, {"start": "00:01:36", "end": "00:01:39", "text": "because I think you kind of went from"}, {"start": "00:01:37", "end": "00:01:41", "text": "like Bitcoin only you had exposure to a"}, {"start": "00:01:39", "end": "00:01:42", "text": "lot of other stuff and now you're pretty"}, {"start": "00:01:41", "end": "00:01:44", "text": "much back to Bitcoin only and see that"}, {"start": "00:01:42", "end": "00:01:45", "text": "as the the future of where all the value"}, {"start": "00:01:44", "end": "00:01:49", "text": "is going to acrue."}, {"start": "00:01:45", "end": "00:01:50", "text": ">> Yeah. Um thanks for having me. So um you"}, {"start": "00:01:49", "end": "00:01:52", "text": "know well well I got involved yeah when"}, {"start": "00:01:50", "end": "00:01:55", "text": "when it was only really Bitcoin and then"}, {"start": "00:01:52", "end": "00:01:57", "text": "people were playing around with forking"}, {"start": "00:01:55", "end": "00:01:59", "text": "off and creating different versions"}, {"start": "00:01:57", "end": "00:02:02", "text": "where it's like Piercoin, Litecoin, all"}, {"start": "00:01:59", "end": "00:02:05", "text": "these types of things. Um and uh you"}, {"start": "00:02:02", "end": "00:02:07", "text": "know I uh I got involved in the sector"}, {"start": "00:02:05", "end": "00:02:10", "text": "cuz I tried to create a non-fractional"}, {"start": "00:02:07", "end": "00:02:12", "text": "reserve bank. So as a monetary reformer"}, {"start": "00:02:10", "end": "00:02:15", "text": "I I understood like you know the the the"}, {"start": "00:02:12", "end": "00:02:16", "text": "concepts of banking reform, fractional"}, {"start": "00:02:15", "end": "00:02:19", "text": "reserve banking and that was pretty much"}, {"start": "00:02:16", "end": "00:02:21", "text": "my life after leaving investment banking"}, {"start": "00:02:19", "end": "00:02:25", "text": "in about 2006."}, {"start": "00:02:21", "end": "00:02:27", "text": "Um, so when I got involved, um, it was"}, {"start": "00:02:25", "end": "00:02:31", "text": "cuz we couldn't get a banking license"}, {"start": "00:02:27", "end": "00:02:34", "text": "for a a nonfractional reserve bank. Um,"}, {"start": "00:02:31", "end": "00:02:36", "text": "and then, you know, I was invited to the"}, {"start": "00:02:34", "end": "00:02:38", "text": "first Bitcoin conference in Prague. Um,"}, {"start": "00:02:36", "end": "00:02:39", "text": "and I was writing a book at the time and"}, {"start": "00:02:38", "end": "00:02:42", "text": "it was the first book to include"}, {"start": "00:02:39", "end": "00:02:45", "text": "Bitcoin. Um, and so for me, I understood"}, {"start": "00:02:42", "end": "00:02:48", "text": "banking as a way of building a bank"}, {"start": "00:02:45", "end": "00:02:51", "text": "outside the system. And so we pivoted"}, {"start": "00:02:48", "end": "00:02:54", "text": "our bank to um someone that was"}, {"start": "00:02:51", "end": "00:02:56", "text": "supporting Bitcoin companies. Uh so my"}, {"start": "00:02:54", "end": "00:02:57", "text": "first introduction was investing in many"}, {"start": "00:02:56", "end": "00:03:01", "text": "of the early Bitcoin companies."}, {"start": "00:02:57", "end": "00:03:04", "text": "Coinbase, Bit Pay, Kraken, Bitstamp,"}, {"start": "00:03:01", "end": "00:03:07", "text": "Ripple Labs, Bitfinex, like um a lot of"}, {"start": "00:03:04", "end": "00:03:11", "text": "these uh really early companies, Circle."}, {"start": "00:03:07", "end": "00:03:12", "text": "Um and you know, we were But as as you"}, {"start": "00:03:11", "end": "00:03:14", "text": "raise finance for these companies,"}, {"start": "00:03:12", "end": "00:03:17", "text": "inevitably you kind of share a part of"}, {"start": "00:03:14", "end": "00:03:21", "text": "the journey from them all being Bitcoin"}, {"start": "00:03:17", "end": "00:03:23", "text": "companies to them slowly adding Ethereum"}, {"start": "00:03:21", "end": "00:03:26", "text": "or adding a stable coin or starting"}, {"start": "00:03:23", "end": "00:03:27", "text": "getting into tokenized securities. um"}, {"start": "00:03:26", "end": "00:03:30", "text": "and then they become public companies"}, {"start": "00:03:27", "end": "00:03:32", "text": "and then they're no longer you know in"}, {"start": "00:03:30", "end": "00:03:34", "text": "how I remember Bitcoin which was us"}, {"start": "00:03:32", "end": "00:03:37", "text": "versus the banks in the room um kind of"}, {"start": "00:03:34", "end": "00:03:39", "text": "you know activists. So um when you when"}, {"start": "00:03:37", "end": "00:03:41", "text": "you have a business and you're invested"}, {"start": "00:03:39", "end": "00:03:44", "text": "in over a 100 different companies"}, {"start": "00:03:41", "end": "00:03:46", "text": "inevitably weird stuff happens like one"}, {"start": "00:03:44", "end": "00:03:48", "text": "of those companies say we invested in"}, {"start": "00:03:46", "end": "00:03:50", "text": "securityize and it becomes a security"}, {"start": "00:03:48", "end": "00:03:52", "text": "token then you have to figure out how to"}, {"start": "00:03:50", "end": "00:03:56", "text": "deliver a security token cuz we were"}, {"start": "00:03:52", "end": "00:03:58", "text": "cussing assets for other people. um we"}, {"start": "00:03:56", "end": "00:04:02", "text": "were you know looking at investing in"}, {"start": "00:03:58", "end": "00:04:03", "text": "Bitcoin mining um then suddenly Ethereum"}, {"start": "00:04:02", "end": "00:04:05", "text": "comes along and everyone's talking about"}, {"start": "00:04:03", "end": "00:04:07", "text": "well I want that was funded by the"}, {"start": "00:04:05", "end": "00:04:10", "text": "Bitcoin community initially it was a it"}, {"start": "00:04:07", "end": "00:04:12", "text": "was a Bitcoin I ICO um and so you you"}, {"start": "00:04:10", "end": "00:04:14", "text": "inevitably get taken in all these"}, {"start": "00:04:12", "end": "00:04:17", "text": "different directions and then someone"}, {"start": "00:04:14", "end": "00:04:20", "text": "will swap their equity for tokens and so"}, {"start": "00:04:17", "end": "00:04:22", "text": "it's virtually impossible to remain a"}, {"start": "00:04:20", "end": "00:04:24", "text": "Bitcoin only from that just initial"}, {"start": "00:04:22", "end": "00:04:26", "text": "journey of saying right no venture"}, {"start": "00:04:24", "end": "00:04:29", "text": "capitalists were investing in a sector."}, {"start": "00:04:26", "end": "00:04:31", "text": "How do we support the companies? Um and"}, {"start": "00:04:29", "end": "00:04:33", "text": "kind of you know we we hit this stage"}, {"start": "00:04:31", "end": "00:04:37", "text": "where a lot of our portfolio companies"}, {"start": "00:04:33", "end": "00:04:39", "text": "started going public. Um and so at that"}, {"start": "00:04:37", "end": "00:04:41", "text": "stage we we actively just thought well"}, {"start": "00:04:39", "end": "00:04:43", "text": "what's the best we can do for our"}, {"start": "00:04:41", "end": "00:04:46", "text": "shareholders investors and we were just"}, {"start": "00:04:43", "end": "00:04:48", "text": "thinking actually it's just to maybe buy"}, {"start": "00:04:46", "end": "00:04:51", "text": "back with Bitcoin help them get some"}, {"start": "00:04:48", "end": "00:04:53", "text": "Bitcoin and self custody manage the"}, {"start": "00:04:51", "end": "00:04:54", "text": "portfolio and just make everyone's life"}, {"start": "00:04:53", "end": "00:04:57", "text": "a bit more easier and a bit more"}, {"start": "00:04:54", "end": "00:04:59", "text": "sovereign. So at the moment is yeah just"}, {"start": "00:04:57", "end": "00:05:00", "text": "about converting those assets into"}, {"start": "00:04:59", "end": "00:05:04", "text": "Bitcoin and helping people be more"}, {"start": "00:05:00", "end": "00:05:06", "text": "sovereign. If you had never gone into"}, {"start": "00:05:04", "end": "00:05:07", "text": "the equity of companies, if you had"}, {"start": "00:05:06", "end": "00:05:09", "text": "never, you know, ended up with all these"}, {"start": "00:05:07", "end": "00:05:11", "text": "tokens, etc., would you have made more"}, {"start": "00:05:09", "end": "00:05:13", "text": "money just holding the original Bitcoin"}, {"start": "00:05:11", "end": "00:05:14", "text": "or [snorts] going down the path that you"}, {"start": "00:05:13", "end": "00:05:16", "text": "went down?"}, {"start": "00:05:14", "end": "00:05:20", "text": ">> Yeah. So, my first Bitcoin purchase was"}, {"start": "00:05:16", "end": "00:05:22", "text": "$3. Um, and you know, we were acquiring"}, {"start": "00:05:20", "end": "00:05:24", "text": "more Bitcoin every month. Sometimes we"}, {"start": "00:05:22", "end": "00:05:27", "text": "were mining, sometimes we were doing"}, {"start": "00:05:24", "end": "00:05:29", "text": "receiving Bitcoin dividends. Like I"}, {"start": "00:05:27", "end": "00:05:31", "text": "think if I just look back at everything"}, {"start": "00:05:29", "end": "00:05:34", "text": "there was a massive amount of complexity"}, {"start": "00:05:31", "end": "00:05:37", "text": "for like 15 probably be another 5 years"}, {"start": "00:05:34", "end": "00:05:39", "text": "20 years if it was just literally just"}, {"start": "00:05:37", "end": "00:05:41", "text": "uh buying bitcoin every month dollar"}, {"start": "00:05:39", "end": "00:05:44", "text": "cost averaging I reckon I would have"}, {"start": "00:05:41", "end": "00:05:46", "text": "outperformed but I wouldn't have gained"}, {"start": "00:05:44", "end": "00:05:48", "text": "the experience you know then that was 15"}, {"start": "00:05:46", "end": "00:05:50", "text": "years of going through everything in"}, {"start": "00:05:48", "end": "00:05:53", "text": "this journey to kind of get to the place"}, {"start": "00:05:50", "end": "00:05:56", "text": "where you are now but I think just pure"}, {"start": "00:05:53", "end": "00:05:58", "text": "financially I mean yeah dollar cost an"}, {"start": "00:05:56", "end": "00:06:01", "text": "averaging. I think a lot of, you know,"}, {"start": "00:05:58", "end": "00:06:03", "text": "we I was giving away a lot of Bitcoin in"}, {"start": "00:06:01", "end": "00:06:04", "text": "the early days. Like I'd give a Bitcoin"}, {"start": "00:06:03", "end": "00:06:06", "text": "to anyone that would show up at a"}, {"start": "00:06:04", "end": "00:06:07", "text": "seminar in the early days,"}, {"start": "00:06:06", "end": "00:06:10", "text": ">> but it was $3."}, {"start": "00:06:07", "end": "00:06:11", "text": ">> Yeah. Yeah. Yeah. Bought a Mars bar at"}, {"start": "00:06:10", "end": "00:06:14", "text": "the first Bitcoin conference for a"}, {"start": "00:06:11", "end": "00:06:15", "text": "Bitcoin like some one of the hackers in"}, {"start": "00:06:14", "end": "00:06:17", "text": "a hackathon hacked together like a"}, {"start": "00:06:15", "end": "00:06:20", "text": "Bitcoin vending m a vending machine and"}, {"start": "00:06:17", "end": "00:06:23", "text": "like a Bitcoin QR code and stuff. But"}, {"start": "00:06:20", "end": "00:06:26", "text": "yeah, I mean if it was just purely from"}, {"start": "00:06:23", "end": "00:06:28", "text": "an analyzing financial returns then all"}, {"start": "00:06:26", "end": "00:06:31", "text": "of that stuff in the middle. I mean you"}, {"start": "00:06:28", "end": "00:06:34", "text": "know we had I think Kraken outperformed"}, {"start": "00:06:31", "end": "00:06:36", "text": "Bitcoin at a certain period. Um we we"}, {"start": "00:06:34", "end": "00:06:38", "text": "were involved in the Bitfinex recovery."}, {"start": "00:06:36", "end": "00:06:40", "text": "That was the first security token. Uh"}, {"start": "00:06:38", "end": "00:06:43", "text": "that paid significantly higher than"}, {"start": "00:06:40", "end": "00:06:46", "text": "Bitcoin returns. Exodus was one of the"}, {"start": "00:06:43", "end": "00:06:48", "text": "companies they did really well. Um so we"}, {"start": "00:06:46", "end": "00:06:49", "text": "we had our fair but but I also had our"}, {"start": "00:06:48", "end": "00:06:51", "text": "fair share of disasters along the way."}, {"start": "00:06:49", "end": "00:06:53", "text": "Mhm. When uh when you think about"}, {"start": "00:06:51", "end": "00:06:56", "text": "Bitcoin today, you're Bitcoin only, but"}, {"start": "00:06:53", "end": "00:06:58", "text": "I think a lot of the Bitcoin maybe uh"}, {"start": "00:06:56", "end": "00:07:00", "text": "thesis that you hold is driven by your"}, {"start": "00:06:58", "end": "00:07:03", "text": "world view. And one of the aspects I"}, {"start": "00:07:00", "end": "00:07:04", "text": "think is very interesting is you and I I"}, {"start": "00:07:03", "end": "00:07:05", "text": "think have some agreement on where the"}, {"start": "00:07:04", "end": "00:07:08", "text": "world is going, but also some"}, {"start": "00:07:05", "end": "00:07:09", "text": "disagreement. And so maybe uh I think"}, {"start": "00:07:08", "end": "00:07:11", "text": "you know where I stand on a lot of"}, {"start": "00:07:09", "end": "00:07:12", "text": "things or maybe at least what I I talk"}, {"start": "00:07:11", "end": "00:07:15", "text": "about like what are some of the areas"}, {"start": "00:07:12", "end": "00:07:16", "text": "that you think we disagree the most? I"}, {"start": "00:07:15", "end": "00:07:17", "text": "think that's probably the most"}, {"start": "00:07:16", "end": "00:07:21", "text": "interesting stuff to talk through."}, {"start": "00:07:17", "end": "00:07:24", "text": ">> Yeah. Yeah. Um I think so when I think"}, {"start": "00:07:21", "end": "00:07:27", "text": "of the world um I think of"}, {"start": "00:07:24", "end": "00:07:29", "text": "uh geopolitics and macro a lot of people"}, {"start": "00:07:27", "end": "00:07:31", "text": "kind of think of geopolitics and macro"}, {"start": "00:07:29", "end": "00:07:32", "text": "as a bit like how they think of their"}, {"start": "00:07:31", "end": "00:07:34", "text": "own world which is like picking a team"}, {"start": "00:07:32", "end": "00:07:36", "text": "sport. And so you're either on like team"}, {"start": "00:07:34", "end": "00:07:38", "text": "America, team China or something like"}, {"start": "00:07:36", "end": "00:07:42", "text": "that, you know, just based upon your own"}, {"start": "00:07:38", "end": "00:07:45", "text": "environment. Um, I kind of think of the"}, {"start": "00:07:42", "end": "00:07:48", "text": "world of geopolitics and macro as"}, {"start": "00:07:45", "end": "00:07:50", "text": "radical realism in terms of trying to"}, {"start": "00:07:48", "end": "00:07:52", "text": "figure out through monetary flows how"}, {"start": "00:07:50", "end": "00:07:54", "text": "the world works and what's happening."}, {"start": "00:07:52", "end": "00:07:56", "text": "Not seeing it better than it is, not"}, {"start": "00:07:54", "end": "00:07:58", "text": "seeing it worse than it is. And so some"}, {"start": "00:07:56", "end": "00:08:01", "text": "people when I'm doing my like macro"}, {"start": "00:07:58", "end": "00:08:03", "text": "geopolitical analysis, they come from a"}, {"start": "00:08:01", "end": "00:08:05", "text": "perspective of I mean a lot of my"}, {"start": "00:08:03", "end": "00:08:06", "text": "followers are American, right? So if I'm"}, {"start": "00:08:05", "end": "00:08:08", "text": "talking about what I think's happening"}, {"start": "00:08:06", "end": "00:08:10", "text": "in America, what I think is happening in"}, {"start": "00:08:08", "end": "00:08:12", "text": "China, what I think is happening in the"}, {"start": "00:08:10", "end": "00:08:14", "text": "Middle East, um they may see that as"}, {"start": "00:08:12", "end": "00:08:16", "text": "doomerism, uh because I think we're"}, {"start": "00:08:14", "end": "00:08:19", "text": "going through a change of world order"}, {"start": "00:08:16", "end": "00:08:22", "text": "and a change of empire. Um but actually"}, {"start": "00:08:19", "end": "00:08:24", "text": "what's good for one country is good is"}, {"start": "00:08:22", "end": "00:08:26", "text": "like you know bad for another country or"}, {"start": "00:08:24", "end": "00:08:27", "text": "good for another region. And so it's not"}, {"start": "00:08:26", "end": "00:08:30", "text": "really doomerism, it's just change of"}, {"start": "00:08:27", "end": "00:08:33", "text": "flows. And also one of the things I try"}, {"start": "00:08:30", "end": "00:08:35", "text": "to focus on is actually is there even a"}, {"start": "00:08:33", "end": "00:08:38", "text": "concept of America as a sovereign"}, {"start": "00:08:35", "end": "00:08:41", "text": "nation. Um the reason I focus on that is"}, {"start": "00:08:38", "end": "00:08:45", "text": "because you know I was born in UK and"}, {"start": "00:08:41", "end": "00:08:48", "text": "I've seen like UK we've had seven regime"}, {"start": "00:08:45", "end": "00:08:50", "text": "changes in 10 years I like to call it"}, {"start": "00:08:48", "end": "00:08:53", "text": "you know and when I think about our"}, {"start": "00:08:50", "end": "00:08:54", "text": "prime ministers and our leaders I I"}, {"start": "00:08:53", "end": "00:08:57", "text": "don't see them as people that work for"}, {"start": "00:08:54", "end": "00:08:58", "text": "the people or work for the country. I"}, {"start": "00:08:57", "end": "00:09:00", "text": "see them as people that work for power"}, {"start": "00:08:58", "end": "00:09:02", "text": "in different factions of power, whether"}, {"start": "00:09:00", "end": "00:09:05", "text": "it be military power, financial power,"}, {"start": "00:09:02", "end": "00:09:06", "text": "technical power. And so, you know, when"}, {"start": "00:09:05", "end": "00:09:09", "text": "when you engage in these different types"}, {"start": "00:09:06", "end": "00:09:13", "text": "of conversations, you see like I see"}, {"start": "00:09:09", "end": "00:09:15", "text": "like America as, you know, radical"}, {"start": "00:09:13", "end": "00:09:17", "text": "capitalism, but through the central"}, {"start": "00:09:15", "end": "00:09:19", "text": "banking system, we've kind of created"}, {"start": "00:09:17", "end": "00:09:21", "text": "socialism for the banks and capitalism"}, {"start": "00:09:19", "end": "00:09:24", "text": "for everyone else. M"}, {"start": "00:09:21", "end": "00:09:26", "text": ">> um then when I look at China, I see a"}, {"start": "00:09:24", "end": "00:09:27", "text": "government that doesn't allow any"}, {"start": "00:09:26", "end": "00:09:30", "text": "company to be subordinate to it, but"}, {"start": "00:09:27", "end": "00:09:33", "text": "radical capitalism at the bottom, but"}, {"start": "00:09:30", "end": "00:09:34", "text": "then a very authoritarian regime that"}, {"start": "00:09:33", "end": "00:09:37", "text": "won't allow you to become bigger than"}, {"start": "00:09:34", "end": "00:09:38", "text": "the government in terms of capital. So,"}, {"start": "00:09:37", "end": "00:09:41", "text": "I'm always trying to figure out there's"}, {"start": "00:09:38", "end": "00:09:44", "text": "I don't see like American as a nation"}, {"start": "00:09:41", "end": "00:09:47", "text": "state. I see America as a series of"}, {"start": "00:09:44", "end": "00:09:48", "text": "powerful interests that uses the nation"}, {"start": "00:09:47", "end": "00:09:50", "text": "state in order to further their"}, {"start": "00:09:48", "end": "00:09:51", "text": "interest, whether that be through"}, {"start": "00:09:50", "end": "00:09:55", "text": "lobbying, whether that be through"}, {"start": "00:09:51", "end": "00:09:57", "text": "allocation of capital. Um, and so a"}, {"start": "00:09:55", "end": "00:10:00", "text": "people find my framework a little bit"}, {"start": "00:09:57", "end": "00:10:01", "text": "different. Um, but then when it comes"}, {"start": "00:10:00", "end": "00:10:04", "text": "down to the individual, I'm always"}, {"start": "00:10:01", "end": "00:10:05", "text": "focused on solutions. like if I think"}, {"start": "00:10:04", "end": "00:10:08", "text": "certain parts of the world are going to"}, {"start": "00:10:05", "end": "00:10:09", "text": " um it's about understanding it so"}, {"start": "00:10:08", "end": "00:10:12", "text": "that you can decide how to react to"}, {"start": "00:10:09", "end": "00:10:13", "text": "that. Once you know the rules of where"}, {"start": "00:10:12", "end": "00:10:15", "text": "you're playing the game, then you need"}, {"start": "00:10:13", "end": "00:10:18", "text": "to react. And so then you need a bit of"}, {"start": "00:10:15", "end": "00:10:20", "text": "radical optimism. Um you know, and and"}, {"start": "00:10:18", "end": "00:10:21", "text": "so I think it's optimism for yourself,"}, {"start": "00:10:20", "end": "00:10:25", "text": "radical realism for how the world"}, {"start": "00:10:21", "end": "00:10:28", "text": "actually works. Um a and just really"}, {"start": "00:10:25", "end": "00:10:30", "text": "focusing on like sovereign countries,"}, {"start": "00:10:28", "end": "00:10:31", "text": "sovereign businesses, sovereign"}, {"start": "00:10:30", "end": "00:10:33", "text": "individuals. That's kind of where the"}, {"start": "00:10:31", "end": "00:10:36", "text": "Bitcoin ethos came to me. Um, having"}, {"start": "00:10:33", "end": "00:10:38", "text": "been around the block with uh with"}, {"start": "00:10:36", "end": "00:10:40", "text": "Bitcoin and all the all the different"}, {"start": "00:10:38", "end": "00:10:40", "text": "stories that have happened over that 15"}, {"start": "00:10:40", "end": "00:10:42", "text": "years."}, {"start": "00:10:40", "end": "00:10:45", "text": ">> Who do you think runs America?"}, {"start": "00:10:42", "end": "00:10:47", "text": ">> I I call it it's run by a financial"}, {"start": "00:10:45", "end": "00:10:49", "text": "industrial complex, the same complex"}, {"start": "00:10:47", "end": "00:10:53", "text": "that run Britain, the same complex that"}, {"start": "00:10:49", "end": "00:10:55", "text": "run um Amsterdam. And so, you know, the"}, {"start": "00:10:53", "end": "00:10:59", "text": "three parts of the complex is you tend"}, {"start": "00:10:55", "end": "00:11:01", "text": "to have a vehicle for privatizing gains."}, {"start": "00:10:59", "end": "00:11:03", "text": "In the case of the the Dutch and British"}, {"start": "00:11:01", "end": "00:11:05", "text": "Empire, it was the Brit the Dutch East"}, {"start": "00:11:03", "end": "00:11:08", "text": "India Company and the British East India"}, {"start": "00:11:05", "end": "00:11:11", "text": "Company. In today, I'd say it's a more"}, {"start": "00:11:08", "end": "00:11:13", "text": "decentralized version consisting of um a"}, {"start": "00:11:11", "end": "00:11:15", "text": "whole financial industrial complex."}, {"start": "00:11:13", "end": "00:11:17", "text": "Black Rockck, State Street, Vanguard at"}, {"start": "00:11:15", "end": "00:11:20", "text": "the asset manager level, JP Morgan,"}, {"start": "00:11:17", "end": "00:11:23", "text": "Goldman Sachs at the investment banking"}, {"start": "00:11:20", "end": "00:11:26", "text": "level, um you know, Chase, uh Cityroup"}, {"start": "00:11:23", "end": "00:11:28", "text": "at the retail banking level, um and a"}, {"start": "00:11:26", "end": "00:11:31", "text": "bunch of hedge fund managers. Now they"}, {"start": "00:11:28", "end": "00:11:33", "text": "tend to partner with global capital. So"}, {"start": "00:11:31", "end": "00:11:35", "text": "just cuz they're hosted in a country it"}, {"start": "00:11:33", "end": "00:11:38", "text": "doesn't mean that they're nationalistic"}, {"start": "00:11:35", "end": "00:11:41", "text": "in nature. They're global in nature. Um"}, {"start": "00:11:38", "end": "00:11:44", "text": "so for them you know you have a global"}, {"start": "00:11:41", "end": "00:11:46", "text": "transnational capital that consists of"}, {"start": "00:11:44", "end": "00:11:49", "text": "China, the Middle East um and uh"}, {"start": "00:11:46", "end": "00:11:51", "text": "different sovereign wealth funds and uh"}, {"start": "00:11:49", "end": "00:11:53", "text": "the financial industrial complex in"}, {"start": "00:11:51", "end": "00:11:54", "text": "general. Then you have a bit of a"}, {"start": "00:11:53", "end": "00:11:56", "text": "nationalistic side which is the"}, {"start": "00:11:54", "end": "00:11:58", "text": "militaryindustrial complex. It tends to"}, {"start": "00:11:56", "end": "00:12:01", "text": "be ideologically aligned with a country,"}, {"start": "00:11:58", "end": "00:12:04", "text": "but it can be co-opted by capital. And"}, {"start": "00:12:01", "end": "00:12:06", "text": "so if a company, a large global company"}, {"start": "00:12:04", "end": "00:12:08", "text": "needs oil, they're able to rent the"}, {"start": "00:12:06", "end": "00:12:10", "text": "military and say, \"Go get that"}, {"start": "00:12:08", "end": "00:12:12", "text": "Venezuelan oil for me,\" you know. Um and"}, {"start": "00:12:10", "end": "00:12:14", "text": "then now obviously as everything's"}, {"start": "00:12:12", "end": "00:12:17", "text": "becoming algorithms and data, the"}, {"start": "00:12:14", "end": "00:12:19", "text": "technical industrial complex, which is"}, {"start": "00:12:17", "end": "00:12:22", "text": "um this global"}, {"start": "00:12:19", "end": "00:12:24", "text": "ying and yang, I I kind of spend half my"}, {"start": "00:12:22", "end": "00:12:26", "text": "day on this is the most amazing"}, {"start": "00:12:24", "end": "00:12:29", "text": "opportunity that we will ever live"}, {"start": "00:12:26", "end": "00:12:31", "text": "through in our lifetime versus what does"}, {"start": "00:12:29", "end": "00:12:33", "text": "this implicate once we start"}, {"start": "00:12:31", "end": "00:12:35", "text": "centralizing all this data like this and"}, {"start": "00:12:33", "end": "00:12:37", "text": "what does this global control grid look"}, {"start": "00:12:35", "end": "00:12:40", "text": "like. So, you know, I I try and like put"}, {"start": "00:12:37", "end": "00:12:42", "text": "on different hats. um to to try and"}, {"start": "00:12:40", "end": "00:12:44", "text": "analyze and get a realistic picture. But"}, {"start": "00:12:42", "end": "00:12:48", "text": "to answer your question, I believe that"}, {"start": "00:12:44", "end": "00:12:51", "text": "the mil the the US, Europe, UK, the"}, {"start": "00:12:48", "end": "00:12:53", "text": "collective west is run by capital and"}, {"start": "00:12:51", "end": "00:12:55", "text": "capital is it encapsulate is is the"}, {"start": "00:12:53", "end": "00:12:57", "text": "financial industrial complex."}, {"start": "00:12:55", "end": "00:12:58", "text": ">> Does Bitcoin starve the system of"}, {"start": "00:12:57", "end": "00:13:00", "text": "capital?"}, {"start": "00:12:58", "end": "00:13:01", "text": ">> It [snorts] did. So, you know, when I"}, {"start": "00:13:00", "end": "00:13:03", "text": "got into Bitcoin, it was all about how"}, {"start": "00:13:01", "end": "00:13:06", "text": "can we resist the banking system? It was"}, {"start": "00:13:03", "end": "00:13:08", "text": "us versus the banks. Um, and Bitcoin"}, {"start": "00:13:06", "end": "00:13:11", "text": "gave us the ability to own our own money"}, {"start": "00:13:08", "end": "00:13:13", "text": "in self- custody um, without a bank,"}, {"start": "00:13:11", "end": "00:13:15", "text": "spend it peer-to-peer without government"}, {"start": "00:13:13", "end": "00:13:17", "text": "permission, um, and have a monetary"}, {"start": "00:13:15", "end": "00:13:20", "text": "policy which you can rely upon and you"}, {"start": "00:13:17", "end": "00:13:23", "text": "can prepare for with a fixed supply. Um,"}, {"start": "00:13:20", "end": "00:13:26", "text": "so that very much is, you know, many of"}, {"start": "00:13:23", "end": "00:13:29", "text": "the properties of gold but improved in"}, {"start": "00:13:26", "end": "00:13:31", "text": "many aspects. Um, and it was very much"}, {"start": "00:13:29", "end": "00:13:33", "text": "like my memory of the early Bitcoin"}, {"start": "00:13:31", "end": "00:13:37", "text": "community, we it was always us versus"}, {"start": "00:13:33", "end": "00:13:39", "text": "the banks. Now, we hit a stage where"}, {"start": "00:13:37", "end": "00:13:42", "text": "they tried to,"}, {"start": "00:13:39", "end": "00:13:44", "text": "I think, take us out, whether it be, you"}, {"start": "00:13:42", "end": "00:13:47", "text": "know, connecting it to Silk Road and"}, {"start": "00:13:44", "end": "00:13:48", "text": "gambling and all that type of stuff."}, {"start": "00:13:47", "end": "00:13:50", "text": "Then it kind of went through the whole"}, {"start": "00:13:48", "end": "00:13:52", "text": "blockchain phase. Let's turn everything"}, {"start": "00:13:50", "end": "00:13:54", "text": "into a blockchain. Let's not mention the"}, {"start": "00:13:52", "end": "00:13:57", "text": "word Bitcoin. Blockchain good, Bitcoin"}, {"start": "00:13:54", "end": "00:13:59", "text": "bad. Um then eventually it hit the phase"}, {"start": "00:13:57", "end": "00:14:01", "text": "where I think they just wanted to"}, {"start": "00:13:59", "end": "00:14:04", "text": "centralize as much Bitcoin as possible"}, {"start": "00:14:01", "end": "00:14:07", "text": "under the control of asset managers and"}, {"start": "00:14:04", "end": "00:14:10", "text": "fin and and Wall Street companies"}, {"start": "00:14:07", "end": "00:14:12", "text": "um and co-opt as much of the ecosystem"}, {"start": "00:14:10", "end": "00:14:15", "text": "as possible which is I think the phase"}, {"start": "00:14:12", "end": "00:14:18", "text": "that we're in right now. It exists. Uh"}, {"start": "00:14:15", "end": "00:14:20", "text": "there's money to be made. So uh let's uh"}, {"start": "00:14:18", "end": "00:14:21", "text": "let's try and centralize as much of it"}, {"start": "00:14:20", "end": "00:14:24", "text": "as possible and get everyone to custody"}, {"start": "00:14:21", "end": "00:14:26", "text": "it with us. So now we're in a bit of a"}, {"start": "00:14:24", "end": "00:14:28", "text": "symbiotic relationship where the"}, {"start": "00:14:26", "end": "00:14:30", "text": "individual can become sovereign but many"}, {"start": "00:14:28", "end": "00:14:33", "text": "people will just hold it as an asset"}, {"start": "00:14:30", "end": "00:14:37", "text": "class you know with Wall Street which"}, {"start": "00:14:33", "end": "00:14:39", "text": "will give them equally more power. Um so"}, {"start": "00:14:37", "end": "00:14:41", "text": "it is more at the the individual level a"}, {"start": "00:14:39", "end": "00:14:43", "text": "business can use use it to be more"}, {"start": "00:14:41", "end": "00:14:45", "text": "sovereign. Um you know at our company"}, {"start": "00:14:43", "end": "00:14:47", "text": "Bank to the future we never needed"}, {"start": "00:14:45", "end": "00:14:48", "text": "venture capital because we had a a"}, {"start": "00:14:47", "end": "00:14:52", "text": "Bitcoin treasury throughout the whole"}, {"start": "00:14:48", "end": "00:14:53", "text": "thing. Um, and uh, at the individual"}, {"start": "00:14:52", "end": "00:14:55", "text": "level, I've been able to get outside of"}, {"start": "00:14:53", "end": "00:14:59", "text": "the financial system with the majority"}, {"start": "00:14:55", "end": "00:15:01", "text": "of my wealth. Um, and we're starting to"}, {"start": "00:14:59", "end": "00:15:03", "text": "see, you know, at the sovereign level, I"}, {"start": "00:15:01", "end": "00:15:07", "text": "think El Salvador was the first"}, {"start": "00:15:03", "end": "00:15:09", "text": "experiment, uh, where can you take"}, {"start": "00:15:07", "end": "00:15:12", "text": "yourself outside China's belt and road"}, {"start": "00:15:09", "end": "00:15:14", "text": "initiative and America's IMF"}, {"start": "00:15:12", "end": "00:15:16", "text": "um, and build your own sovereign wealth."}, {"start": "00:15:14", "end": "00:15:18", "text": "and that there was a couple of attempts"}, {"start": "00:15:16", "end": "00:15:22", "text": "making bitcoin legal tender and then"}, {"start": "00:15:18", "end": "00:15:25", "text": "eventually um the IMF stopped like the"}, {"start": "00:15:22", "end": "00:15:28", "text": "bitcoin bond um and uh and now it's kind"}, {"start": "00:15:25", "end": "00:15:31", "text": "of going very stable coin at this"}, {"start": "00:15:28", "end": "00:15:32", "text": "moment. So um it can be"}, {"start": "00:15:31", "end": "00:15:34", "text": ">> is the answer no."}, {"start": "00:15:32", "end": "00:15:37", "text": ">> I think it's how you utilize it. But I"}, {"start": "00:15:34", "end": "00:15:41", "text": "think uh Bitcoin just like gold will be"}, {"start": "00:15:37", "end": "00:15:44", "text": "co-opted through custody. Um but if you"}, {"start": "00:15:41", "end": "00:15:45", "text": "use it self-custody peer-to-peer"}, {"start": "00:15:44", "end": "00:15:47", "text": "um and you understand the properties of"}, {"start": "00:15:45", "end": "00:15:49", "text": "its monetary policy then you can use it"}, {"start": "00:15:47", "end": "00:15:51", "text": "to exit the system."}, {"start": "00:15:49", "end": "00:15:55", "text": "What about the people who, you know,"}, {"start": "00:15:51", "end": "00:15:56", "text": "bought into self-custody, uh, all of the"}, {"start": "00:15:55", "end": "00:15:59", "text": "what I would consider like the hardcore"}, {"start": "00:15:56", "end": "00:16:02", "text": "Bitcoiner ethos, values, talking points,"}, {"start": "00:15:59", "end": "00:16:04", "text": "and cold card habits. Yeah. Yeah."}, {"start": "00:16:02", "end": "00:16:06", "text": ">> Or there's like uh you know I almost"}, {"start": "00:16:04", "end": "00:16:07", "text": "think of it as uh one of the most"}, {"start": "00:16:06", "end": "00:16:11", "text": "sensitive things and and disastrous"}, {"start": "00:16:07", "end": "00:16:13", "text": "things that could happen in America"}, {"start": "00:16:11", "end": "00:16:16", "text": "would be a strike in New York City"}, {"start": "00:16:13", "end": "00:16:17", "text": "similar to the Twin Towers in 9/11, the"}, {"start": "00:16:16", "end": "00:16:19", "text": "Pentagon, the White House. You know,"}, {"start": "00:16:17", "end": "00:16:21", "text": "there's four or five kind of like"}, {"start": "00:16:19", "end": "00:16:24", "text": "strongholds of American uh both"}, {"start": "00:16:21", "end": "00:16:26", "text": "perceived dominance but also uh the"}, {"start": "00:16:24", "end": "00:16:29", "text": "running of the country, the running of,"}, {"start": "00:16:26", "end": "00:16:32", "text": "you know, uh um the government."}, {"start": "00:16:29", "end": "00:16:34", "text": "Bitcoin, it's decentralized, but"}, {"start": "00:16:32", "end": "00:16:37", "text": "definitely one of the most kind of"}, {"start": "00:16:34", "end": "00:16:38", "text": "sensitive catastrophic things would be a"}, {"start": "00:16:37", "end": "00:16:41", "text": "quote unquote, you know, theoretical"}, {"start": "00:16:38", "end": "00:16:44", "text": "strike at the hardcore Bitcoiners who"}, {"start": "00:16:41", "end": "00:16:46", "text": "believe in self-custody who then start"}, {"start": "00:16:44", "end": "00:16:47", "text": "to question"}, {"start": "00:16:46", "end": "00:16:48", "text": "how was I doing this? I thought I did"}, {"start": "00:16:47", "end": "00:16:50", "text": "everything right. You know, there was"}, {"start": "00:16:48", "end": "00:16:51", "text": "this issue that I was outside of my"}, {"start": "00:16:50", "end": "00:16:54", "text": "control. It's not my fault, but I still"}, {"start": "00:16:51", "end": "00:16:56", "text": "lost the Bitcoin, etc. And so we kind of"}, {"start": "00:16:54", "end": "00:16:57", "text": "just like we're living through that"}, {"start": "00:16:56", "end": "00:17:00", "text": "right now where I think there are a lot"}, {"start": "00:16:57", "end": "00:17:01", "text": "of people who say, \"Hey, I I took the"}, {"start": "00:17:00", "end": "00:17:04", "text": "time I learned I I figured out self-"}, {"start": "00:17:01", "end": "00:17:06", "text": "custody. I went and I got this thing,"}, {"start": "00:17:04", "end": "00:17:06", "text": ">> but I still somehow got hacked.\""}, {"start": "00:17:06", "end": "00:17:08", "text": ">> Yeah."}, {"start": "00:17:06", "end": "00:17:10", "text": ">> How do you think that impacts, you know,"}, {"start": "00:17:08", "end": "00:17:12", "text": "Bitcoin and maybe the broader, you know,"}, {"start": "00:17:10", "end": "00:17:13", "text": "kind of uh view of Bitcoin going"}, {"start": "00:17:12", "end": "00:17:17", "text": "forward?"}, {"start": "00:17:13", "end": "00:17:20", "text": ">> Yeah, I think um the cold card hack was"}, {"start": "00:17:17", "end": "00:17:22", "text": "tragic. Um there were it was a very"}, {"start": "00:17:20", "end": "00:17:25", "text": "niche community. It was hardcore"}, {"start": "00:17:22", "end": "00:17:27", "text": "Bitcoiners that wanted additional"}, {"start": "00:17:25", "end": "00:17:29", "text": "control over their self-custody. So they"}, {"start": "00:17:27", "end": "00:17:31", "text": "got the wallet that many people were"}, {"start": "00:17:29", "end": "00:17:33", "text": "recommending."}, {"start": "00:17:31", "end": "00:17:36", "text": "Um but they didn't go all the way into"}, {"start": "00:17:33", "end": "00:17:39", "text": "in terms of understanding it. So you"}, {"start": "00:17:36", "end": "00:17:41", "text": "know to simplify it there was a if you"}, {"start": "00:17:39", "end": "00:17:44", "text": "relied upon the wallet to generate your"}, {"start": "00:17:41", "end": "00:17:47", "text": "seed phrase then it was the ability to"}, {"start": "00:17:44", "end": "00:17:49", "text": "compromise it existed. Whereas if you"}, {"start": "00:17:47", "end": "00:17:53", "text": "generated your own seed phrase then"}, {"start": "00:17:49", "end": "00:17:54", "text": "those people were okay. Um so that was I"}, {"start": "00:17:53", "end": "00:17:57", "text": "think a lot of people learned from that."}, {"start": "00:17:54", "end": "00:17:59", "text": "I think it was tragic for many. Um and I"}, {"start": "00:17:57", "end": "00:18:01", "text": "think it was weaponized to really attack"}, {"start": "00:17:59", "end": "00:18:03", "text": "self custody. So a lot of people"}, {"start": "00:18:01", "end": "00:18:07", "text": "immediately would start saying the"}, {"start": "00:18:03", "end": "00:18:10", "text": "benefits of custody. Now there's you as"}, {"start": "00:18:07", "end": "00:18:12", "text": "the individual sovereign and there's you"}, {"start": "00:18:10", "end": "00:18:14", "text": "as protecting yourself so that you're"}, {"start": "00:18:12", "end": "00:18:15", "text": "never financially ruined. And so to"}, {"start": "00:18:14", "end": "00:18:18", "text": "protect yourself so you're never"}, {"start": "00:18:15", "end": "00:18:19", "text": "financially ruined, you know, you'd have"}, {"start": "00:18:18", "end": "00:18:21", "text": "an allocation of Bitcoin that would"}, {"start": "00:18:19", "end": "00:18:23", "text": "protect yourself from you losing your"}, {"start": "00:18:21", "end": "00:18:25", "text": "key. You then have a strategy as your"}, {"start": "00:18:23", "end": "00:18:28", "text": "wealth grows. Um you'd have multi-"}, {"start": "00:18:25", "end": "00:18:31", "text": "signatures. So it's a bit like as"}, {"start": "00:18:28", "end": "00:18:33", "text": "Bitcoin grows is it's like your own"}, {"start": "00:18:31", "end": "00:18:35", "text": "wealth, right? Initially you just invest"}, {"start": "00:18:33", "end": "00:18:37", "text": "in a few stocks, then you start setting"}, {"start": "00:18:35", "end": "00:18:38", "text": "up a trust structure. Then you start"}, {"start": "00:18:37", "end": "00:18:42", "text": "looking at offshore vehicles. then you"}, {"start": "00:18:38", "end": "00:18:44", "text": "look at different insurance policy"}, {"start": "00:18:42", "end": "00:18:48", "text": "as your wealth grows and that's the same"}, {"start": "00:18:44", "end": "00:18:51", "text": "with Bitcoin. But I think if the lesson"}, {"start": "00:18:48", "end": "00:18:54", "text": "is I can't store a key, that's a"}, {"start": "00:18:51", "end": "00:18:56", "text": "decision and it comes with consequences."}, {"start": "00:18:54", "end": "00:18:58", "text": "It means that I think we're moving to a"}, {"start": "00:18:56", "end": "00:19:01", "text": "world where there's kind of two types of"}, {"start": "00:18:58", "end": "00:19:03", "text": "people. There's as we all start using"}, {"start": "00:19:01", "end": "00:19:05", "text": "more AI, as we all start using more"}, {"start": "00:19:03", "end": "00:19:07", "text": "social data, as we all start"}, {"start": "00:19:05", "end": "00:19:09", "text": "centralizing more and more into these,"}, {"start": "00:19:07", "end": "00:19:12", "text": "you know, very centralized, more"}, {"start": "00:19:09", "end": "00:19:13", "text": "powerful companies, there's going to be"}, {"start": "00:19:12", "end": "00:19:14", "text": "and it doesn't have to be all or"}, {"start": "00:19:13", "end": "00:19:15", "text": "nothing, but you know, there's people"}, {"start": "00:19:14", "end": "00:19:17", "text": "that are going to be able to secure"}, {"start": "00:19:15", "end": "00:19:18", "text": "their key and secure their data and"}, {"start": "00:19:17", "end": "00:19:21", "text": "those are going to give it to someone"}, {"start": "00:19:18", "end": "00:19:23", "text": "else. And some people it might be the"}, {"start": "00:19:21", "end": "00:19:24", "text": "right decision, give it to someone else."}, {"start": "00:19:23", "end": "00:19:26", "text": "You know, that's not a judgment, but it"}, {"start": "00:19:24", "end": "00:19:29", "text": "comes at a cost and so people should"}, {"start": "00:19:26", "end": "00:19:31", "text": "understand that. Um, and it is going to"}, {"start": "00:19:29", "end": "00:19:35", "text": "be, you know, people that own their keys"}, {"start": "00:19:31", "end": "00:19:37", "text": "and learn the cold hard lesson of how to"}, {"start": "00:19:35", "end": "00:19:39", "text": "secure them because the best practices"}, {"start": "00:19:37", "end": "00:19:42", "text": "of how to secure them are still valid"}, {"start": "00:19:39", "end": "00:19:44", "text": "despite the cold card hack. Um, a lot of"}, {"start": "00:19:42", "end": "00:19:45", "text": "people didn't know that. Um, so they"}, {"start": "00:19:44", "end": "00:19:46", "text": "need to learn from that and if they had"}, {"start": "00:19:45", "end": "00:19:48", "text": "all their wealth on the line then it's"}, {"start": "00:19:46", "end": "00:19:49", "text": "it's tragic. They have to start again."}, {"start": "00:19:48", "end": "00:19:52", "text": ">> [snorts]"}, {"start": "00:19:49", "end": "00:19:56", "text": ">> Um but the practices of how to secure"}, {"start": "00:19:52", "end": "00:19:59", "text": "your key I think is the most essential"}, {"start": "00:19:56", "end": "00:20:02", "text": "uh skill that anyone needs to learn in"}, {"start": "00:19:59", "end": "00:20:03", "text": "the next couple of decades ahead. And so"}, {"start": "00:20:02", "end": "00:20:05", "text": "if you can learn it through trying to"}, {"start": "00:20:03", "end": "00:20:07", "text": "secure some Bitcoin and then later that"}, {"start": "00:20:05", "end": "00:20:10", "text": "becomes your data, your decentralized"}, {"start": "00:20:07", "end": "00:20:12", "text": "AI, your own LLMs and hosted"}, {"start": "00:20:10", "end": "00:20:15", "text": "environments like there's only going to"}, {"start": "00:20:12", "end": "00:20:17", "text": "be two options. You have to embrace this"}, {"start": "00:20:15", "end": "00:20:19", "text": "technology and you're either going to do"}, {"start": "00:20:17", "end": "00:20:20", "text": "it in a way where you control the key or"}, {"start": "00:20:19", "end": "00:20:24", "text": "you give the key to someone else and"}, {"start": "00:20:20", "end": "00:20:26", "text": "they can weaponize your your data."}, {"start": "00:20:24", "end": "00:20:28", "text": "Today's episode is brought to you by"}, {"start": "00:20:26", "end": "00:20:29", "text": "Figure. If you're into Bitcoin, you"}, {"start": "00:20:28", "end": "00:20:31", "text": "already [music] know selling's the last"}, {"start": "00:20:29", "end": "00:20:34", "text": "thing you want to do. But at the same"}, {"start": "00:20:31", "end": "00:20:36", "text": "time, life happens, man. Opportunities"}, {"start": "00:20:34", "end": "00:20:38", "text": "arise, bills come up, and markets move."}, {"start": "00:20:36", "end": "00:20:39", "text": "[music] That's where Figure comes in."}, {"start": "00:20:38", "end": "00:20:41", "text": "Instead of selling your Bitcoin, Figure"}, {"start": "00:20:39", "end": "00:20:43", "text": "let you borrow against it so you can get"}, {"start": "00:20:41", "end": "00:20:45", "text": "cash without losing your position and"}, {"start": "00:20:43", "end": "00:20:48", "text": "may also avoid triggering [music] a tax"}, {"start": "00:20:45", "end": "00:20:51", "text": "event. Right now, their loans are around"}, {"start": "00:20:48", "end": "00:20:54", "text": "8.91% interest. That's 9.9% APR [music]"}, {"start": "00:20:51", "end": "00:20:56", "text": "at a 50% loan to value. So, you keep"}, {"start": "00:20:54", "end": "00:20:58", "text": "your upside but still get liquidity. And"}, {"start": "00:20:56", "end": "00:21:01", "text": "I know the first question people ask is,"}, {"start": "00:20:58", "end": "00:21:04", "text": "\"Yeah, but is it safe?\" It's a good"}, {"start": "00:21:01", "end": "00:21:06", "text": "question. Figure uses MPC custody, which"}, {"start": "00:21:04", "end": "00:21:08", "text": "basically means your Bitcoin stays in"}, {"start": "00:21:06", "end": "00:21:10", "text": "its own segregated wallet. It's not"}, {"start": "00:21:08", "end": "00:21:12", "text": "being lent out, pulled, or sitting on"}, {"start": "00:21:10", "end": "00:21:14", "text": "some exchange. They also have [music]"}, {"start": "00:21:12", "end": "00:21:16", "text": "optional liquidation protection, which"}, {"start": "00:21:14", "end": "00:21:17", "text": "helps if the market gets volatile. And"}, {"start": "00:21:16", "end": "00:21:19", "text": "if you're on the other side, like you've"}, {"start": "00:21:17", "end": "00:21:20", "text": "got [music] cash and you want yield,"}, {"start": "00:21:19", "end": "00:21:22", "text": "they've got something called"}, {"start": "00:21:20", "end": "00:21:25", "text": "democratized prime. It's earning up to"}, {"start": "00:21:22", "end": "00:21:27", "text": "9% APY, paid hourly, [music] and is"}, {"start": "00:21:25", "end": "00:21:29", "text": "backed by real world assets, not just"}, {"start": "00:21:27", "end": "00:21:31", "text": "token inflation. So whether you're"}, {"start": "00:21:29", "end": "00:21:32", "text": "trying to hold your Bitcoin longterm or"}, {"start": "00:21:31", "end": "00:21:34", "text": "actually put capital to work, it's"}, {"start": "00:21:32", "end": "00:21:36", "text": "[music] a pretty interesting setup. If"}, {"start": "00:21:34", "end": "00:21:37", "text": "you want to check it out, I've got a"}, {"start": "00:21:36", "end": "00:21:42", "text": "link in the description that you can go"}, {"start": "00:21:37", "end": "00:21:42", "text": "to or you can go to figurearkets.co/p."}, {"start": "00:21:43", "end": "00:21:50", "text": "So this idea of a token I've become"}, {"start": "00:21:46", "end": "00:21:53", "text": "fascinated by in terms of um Bitcoin"}, {"start": "00:21:50", "end": "00:21:55", "text": "there's a token, cryptocurrency, there's"}, {"start": "00:21:53", "end": "00:21:56", "text": "a token. tokenization. There's a token"}, {"start": "00:21:55", "end": "00:21:58", "text": "stable coin, there's a token, but"}, {"start": "00:21:56", "end": "00:22:01", "text": "there's also how many tokens do I"}, {"start": "00:21:58", "end": "00:22:03", "text": "consume from an LL? How many tokens do I"}, {"start": "00:22:01", "end": "00:22:05", "text": "consume in just the digital world more"}, {"start": "00:22:03", "end": "00:22:07", "text": "broadly? And so it does feel like we are"}, {"start": "00:22:05", "end": "00:22:09", "text": "moving towards this like tokenbased"}, {"start": "00:22:07", "end": "00:22:11", "text": "society."}, {"start": "00:22:09", "end": "00:22:12", "text": "I think that if you came at this from"}, {"start": "00:22:11", "end": "00:22:15", "text": "Bitcoin or crypto more broadly, you"}, {"start": "00:22:12", "end": "00:22:17", "text": "thought about it as like Bitcoin stable"}, {"start": "00:22:15", "end": "00:22:20", "text": "coins tokenization. That was generally"}, {"start": "00:22:17", "end": "00:22:22", "text": "what the limiting, you know, kind of uh"}, {"start": "00:22:20", "end": "00:22:24", "text": "uh maybe the boundaries of tokens was."}, {"start": "00:22:22", "end": "00:22:26", "text": "When you expand your mind to bring in"}, {"start": "00:22:24", "end": "00:22:28", "text": "now compute tokens, it feels like"}, {"start": "00:22:26", "end": "00:22:30", "text": "everything becomes all about, you know,"}, {"start": "00:22:28", "end": "00:22:32", "text": "this idea of a token. And so you're"}, {"start": "00:22:30", "end": "00:22:34", "text": "talking about self- sovereignty when it"}, {"start": "00:22:32", "end": "00:22:36", "text": "comes to your money, your data, your"}, {"start": "00:22:34", "end": "00:22:38", "text": "intelligence, all of these different"}, {"start": "00:22:36", "end": "00:22:40", "text": "components. Maybe fast forward 20, 30"}, {"start": "00:22:38", "end": "00:22:41", "text": "years."}, {"start": "00:22:40", "end": "00:22:44", "text": "I'm sitting there, what does my life"}, {"start": "00:22:41", "end": "00:22:46", "text": "look like? H how am I what am I"}, {"start": "00:22:44", "end": "00:22:48", "text": "self-custodying? What technology am I"}, {"start": "00:22:46", "end": "00:22:49", "text": "using? How am I protecting myself from,"}, {"start": "00:22:48", "end": "00:22:51", "text": "you know, some of these potential"}, {"start": "00:22:49", "end": "00:22:52", "text": "threats that are on the horizon?"}, {"start": "00:22:51", "end": "00:22:54", "text": ">> Yeah. Yeah. Well, I think we're moving"}, {"start": "00:22:52", "end": "00:22:55", "text": "to a world of radical centralization. If"}, {"start": "00:22:54", "end": "00:22:57", "text": "you look at the entire history of human"}, {"start": "00:22:55", "end": "00:22:58", "text": "civilization, whether it's cap, you"}, {"start": "00:22:57", "end": "00:23:01", "text": "know, whether it's capitalism,"}, {"start": "00:22:58", "end": "00:23:04", "text": "communism, whether it's dictator,"}, {"start": "00:23:01", "end": "00:23:06", "text": "monarchy, um whether it's democracy,"}, {"start": "00:23:04", "end": "00:23:08", "text": "uh the rich and wealthy and powerful"}, {"start": "00:23:06", "end": "00:23:11", "text": "have always centralized power and and"}, {"start": "00:23:08", "end": "00:23:13", "text": "had disproportionate more influence over"}, {"start": "00:23:11", "end": "00:23:16", "text": "the system. Um so that's that's never"}, {"start": "00:23:13", "end": "00:23:19", "text": "going to change whatever system you live"}, {"start": "00:23:16", "end": "00:23:21", "text": "under. Um and there is a parto principle"}, {"start": "00:23:19", "end": "00:23:23", "text": "and there is a you know the minority"}, {"start": "00:23:21", "end": "00:23:26", "text": "will actually do this. The vast majority"}, {"start": "00:23:23", "end": "00:23:29", "text": "will do what everyone else does. Um here"}, {"start": "00:23:26", "end": "00:23:33", "text": "um so we're moving to radical"}, {"start": "00:23:29", "end": "00:23:34", "text": "centralization. Um we understand so I"}, {"start": "00:23:33", "end": "00:23:38", "text": "think if we start from the top you got"}, {"start": "00:23:34", "end": "00:23:40", "text": "the geopolitics at the moment we live in"}, {"start": "00:23:38", "end": "00:23:43", "text": "or through most of my life we have lived"}, {"start": "00:23:40", "end": "00:23:47", "text": "in since the fall of the Soviet Union a"}, {"start": "00:23:43", "end": "00:23:50", "text": "US dominated hegeimon. Um on the large"}, {"start": "00:23:47", "end": "00:23:53", "text": "geopolitical stuff uh world I think"}, {"start": "00:23:50", "end": "00:23:55", "text": "America's becoming more regional. Um I"}, {"start": "00:23:53", "end": "00:23:57", "text": "think we're moving to a multi-node"}, {"start": "00:23:55", "end": "00:24:00", "text": "system. I think the world is going to be"}, {"start": "00:23:57", "end": "00:24:02", "text": "divvied up into regional blocks,"}, {"start": "00:24:00", "end": "00:24:05", "text": "regional security, regional"}, {"start": "00:24:02", "end": "00:24:06", "text": "sovereignity, collective sovereignity."}, {"start": "00:24:05", "end": "00:24:09", "text": "Um and that's what the world looks like"}, {"start": "00:24:06", "end": "00:24:12", "text": "on the geopolitical side with this"}, {"start": "00:24:09", "end": "00:24:14", "text": "ginormous manufacturing base in China."}, {"start": "00:24:12", "end": "00:24:17", "text": "uh radical financialization"}, {"start": "00:24:14", "end": "00:24:19", "text": "within um America and the collective"}, {"start": "00:24:17", "end": "00:24:20", "text": "west. And so what is the future of"}, {"start": "00:24:19", "end": "00:24:22", "text": "financialization? Well, it's"}, {"start": "00:24:20", "end": "00:24:24", "text": "securitization which is now"}, {"start": "00:24:22", "end": "00:24:27", "text": "tokenization. So if we move into this"}, {"start": "00:24:24", "end": "00:24:30", "text": "blockchain based world um where"}, {"start": "00:24:27", "end": "00:24:32", "text": "everything is going to be tokenized um"}, {"start": "00:24:30", "end": "00:24:34", "text": "and then there is centralized tokens and"}, {"start": "00:24:32", "end": "00:24:37", "text": "decentralized tokens. And so it all"}, {"start": "00:24:34", "end": "00:24:40", "text": "comes down to like the same thing. On"}, {"start": "00:24:37", "end": "00:24:41", "text": "the macro side, I think you often talk"}, {"start": "00:24:40", "end": "00:24:44", "text": "about we talk about similar things in"}, {"start": "00:24:41", "end": "00:24:47", "text": "terms of a K-shaped economy. If you"}, {"start": "00:24:44", "end": "00:24:49", "text": "don't own the assets to outperform, you"}, {"start": "00:24:47", "end": "00:24:50", "text": "know, the fact that your wage isn't"}, {"start": "00:24:49", "end": "00:24:52", "text": "increasing at the same rate as"}, {"start": "00:24:50", "end": "00:24:56", "text": "inflation, um then you're falling"}, {"start": "00:24:52", "end": "00:25:00", "text": "behind. And um you know, mo most people"}, {"start": "00:24:56", "end": "00:25:03", "text": "own their assets via a 401k. So that's"}, {"start": "00:25:00", "end": "00:25:04", "text": "like delayed wealth. it it sorts out"}, {"start": "00:25:03", "end": "00:25:06", "text": "your retirement, but it means you're"}, {"start": "00:25:04", "end": "00:25:08", "text": "working your whole life, contributing to"}, {"start": "00:25:06", "end": "00:25:11", "text": "that. What can you do with those assets"}, {"start": "00:25:08", "end": "00:25:14", "text": "in the meantime? So, those that are able"}, {"start": "00:25:11", "end": "00:25:16", "text": "to build wealth outside of that, access"}, {"start": "00:25:14", "end": "00:25:18", "text": "it, they're getting closer to leverage."}, {"start": "00:25:16", "end": "00:25:20", "text": "The closer you are to the money printer,"}, {"start": "00:25:18", "end": "00:25:23", "text": "the more you're on the right side of the"}, {"start": "00:25:20", "end": "00:25:24", "text": "K. Um, if you're not using any of those"}, {"start": "00:25:23", "end": "00:25:26", "text": "tools, you don't have savings, you are"}, {"start": "00:25:24", "end": "00:25:28", "text": "the product, you know, you are the debt,"}, {"start": "00:25:26", "end": "00:25:30", "text": "you are the mortgage, you are the credit"}, {"start": "00:25:28", "end": "00:25:33", "text": "card. Um so the K shape is just"}, {"start": "00:25:30", "end": "00:25:35", "text": "accelerating further and further. Um and"}, {"start": "00:25:33", "end": "00:25:38", "text": "at the individual level you know you"}, {"start": "00:25:35", "end": "00:25:42", "text": "need to own more assets um every month"}, {"start": "00:25:38", "end": "00:25:44", "text": "whatever those assets may be. Um and if"}, {"start": "00:25:42", "end": "00:25:47", "text": "you um are that then you need to be"}, {"start": "00:25:44", "end": "00:25:49", "text": "working on your sovereign freedom. Now"}, {"start": "00:25:47", "end": "00:25:52", "text": "most people will see this and get very"}, {"start": "00:25:49", "end": "00:25:55", "text": "overwhelmed. Um sovereignty is a"}, {"start": "00:25:52", "end": "00:25:57", "text": "spectrum you know it's a it's a lifetime"}, {"start": "00:25:55", "end": "00:25:59", "text": "job. I think one of the one of the"}, {"start": "00:25:57", "end": "00:26:02", "text": "tragedies of today is that I think when"}, {"start": "00:25:59", "end": "00:26:04", "text": "I look at my algorithm, my algorithm is"}, {"start": "00:26:02", "end": "00:26:06", "text": "telling me to be um scared, fearful,"}, {"start": "00:26:04", "end": "00:26:08", "text": "there's no future. Um things are getting"}, {"start": "00:26:06", "end": "00:26:10", "text": "worse. It's never been worse. You know,"}, {"start": "00:26:08", "end": "00:26:12", "text": "my my algorithm is telling me that. That"}, {"start": "00:26:10", "end": "00:26:15", "text": "drives people to short-term thinking,"}, {"start": "00:26:12", "end": "00:26:17", "text": "gambling, short-term decision- making,"}, {"start": "00:26:15", "end": "00:26:19", "text": "like bad decisions. The worst decisions"}, {"start": "00:26:17", "end": "00:26:22", "text": "you make is when you believe there's no"}, {"start": "00:26:19", "end": "00:26:24", "text": "long prosperous future. Um, and so, you"}, {"start": "00:26:22", "end": "00:26:27", "text": "know, that's driving people to a lot of"}, {"start": "00:26:24", "end": "00:26:29", "text": "short-termism, dumerism, and that that"}, {"start": "00:26:27", "end": "00:26:31", "text": "type of stuff. Um, if you have a"}, {"start": "00:26:29", "end": "00:26:34", "text": "long-term plan, you'll gradually you'll"}, {"start": "00:26:31", "end": "00:26:35", "text": "wake up every day, every week, every"}, {"start": "00:26:34", "end": "00:26:37", "text": "month, and you'll say, \"Am I more"}, {"start": "00:26:35", "end": "00:26:39", "text": "sovereign, less sovereign? Am I making"}, {"start": "00:26:37", "end": "00:26:41", "text": "better decisions or worse decisions? Am"}, {"start": "00:26:39", "end": "00:26:44", "text": "I growing or am I shrinking?\" You know,"}, {"start": "00:26:41", "end": "00:26:47", "text": "am am I getting is my mindset better or"}, {"start": "00:26:44", "end": "00:26:49", "text": "worse? Is my health better or worse? Um,"}, {"start": "00:26:47", "end": "00:26:50", "text": "you know, and and and these types of"}, {"start": "00:26:49", "end": "00:26:51", "text": "things. But that means that you're"}, {"start": "00:26:50", "end": "00:26:55", "text": "looking out a lifetime and you believe"}, {"start": "00:26:51", "end": "00:26:56", "text": "there's a a prosperous future. So when"}, {"start": "00:26:55", "end": "00:26:58", "text": "you're when you have that kind of"}, {"start": "00:26:56", "end": "00:27:00", "text": "mindset that there's there is a"}, {"start": "00:26:58", "end": "00:27:02", "text": "prosperous future um then you will be"}, {"start": "00:27:00", "end": "00:27:04", "text": "building a sovereign strategy along the"}, {"start": "00:27:02", "end": "00:27:07", "text": "way. Uh because there's only two ways"}, {"start": "00:27:04", "end": "00:27:09", "text": "about it. Um I think that we're"}, {"start": "00:27:07", "end": "00:27:12", "text": "definitely moving towards just look at"}, {"start": "00:27:09", "end": "00:27:16", "text": "technology dominance. You know we've got"}, {"start": "00:27:12", "end": "00:27:18", "text": "this AI alleged war between America and"}, {"start": "00:27:16", "end": "00:27:21", "text": "China but they they very much fit"}, {"start": "00:27:18", "end": "00:27:22", "text": "together. They are one system. You know,"}, {"start": "00:27:21", "end": "00:27:25", "text": "America can't produce a weapon without"}, {"start": "00:27:22", "end": "00:27:27", "text": "China. So, there's no World War II in my"}, {"start": "00:27:25", "end": "00:27:28", "text": "in my map of the world. You know, it"}, {"start": "00:27:27", "end": "00:27:31", "text": "doesn't work. There's no such thing as"}, {"start": "00:27:28", "end": "00:27:34", "text": "World War II today. There's just"}, {"start": "00:27:31", "end": "00:27:37", "text": "compromised diplomacy and bounded"}, {"start": "00:27:34", "end": "00:27:40", "text": "escalation in order to try and reset the"}, {"start": "00:27:37", "end": "00:27:42", "text": "world order as it were. Um, so"}, {"start": "00:27:40", "end": "00:27:45", "text": "everyone's got to everyone's got to"}, {"start": "00:27:42", "end": "00:27:48", "text": "navigate that. But I do believe that"}, {"start": "00:27:45", "end": "00:27:51", "text": "technology is this ying and yang. Um,"}, {"start": "00:27:48", "end": "00:27:52", "text": "you have I mean I'm never more excited"}, {"start": "00:27:51", "end": "00:27:54", "text": "than when I wake up in the morning and I"}, {"start": "00:27:52", "end": "00:27:56", "text": "don't need to look at my emails anymore"}, {"start": "00:27:54", "end": "00:27:58", "text": "and uh you know I I can just build"}, {"start": "00:27:56", "end": "00:28:01", "text": "and I can just have like and I've got"}, {"start": "00:27:58", "end": "00:28:04", "text": "the best PA I've ever had ever like you"}, {"start": "00:28:01", "end": "00:28:05", "text": "know um but you start to think about"}, {"start": "00:28:04", "end": "00:28:08", "text": "what's the implications of that. That's"}, {"start": "00:28:05", "end": "00:28:10", "text": "just less and less humans, you know. Um"}, {"start": "00:28:08", "end": "00:28:12", "text": "and so we're I don't think anyone really"}, {"start": "00:28:10", "end": "00:28:14", "text": "knows what the world looks like in 20"}, {"start": "00:28:12", "end": "00:28:16", "text": "years. I do think that there's going to"}, {"start": "00:28:14", "end": "00:28:17", "text": "be people that have navigated this well"}, {"start": "00:28:16", "end": "00:28:18", "text": "and people that haven't navigated it"}, {"start": "00:28:17", "end": "00:28:20", "text": "well. And the ones that haven't"}, {"start": "00:28:18", "end": "00:28:22", "text": "navigated, they're going to be more and"}, {"start": "00:28:20", "end": "00:28:25", "text": "more subordinate and controlled by an"}, {"start": "00:28:22", "end": "00:28:27", "text": "ever more centralizing system. Um, and"}, {"start": "00:28:25", "end": "00:28:29", "text": "then there's going to be those that"}, {"start": "00:28:27", "end": "00:28:31", "text": "resisted it. And I don't mean resisted"}, {"start": "00:28:29", "end": "00:28:34", "text": "it in terms of not using technology. I"}, {"start": "00:28:31", "end": "00:28:35", "text": "mean you were using your AI, but you're"}, {"start": "00:28:34", "end": "00:28:38", "text": "also building your kind of own"}, {"start": "00:28:35", "end": "00:28:40", "text": "infrastructures and services and data."}, {"start": "00:28:38", "end": "00:28:43", "text": "So to me, everything comes down to if"}, {"start": "00:28:40", "end": "00:28:45", "text": "you can learn the skills of storing your"}, {"start": "00:28:43", "end": "00:28:47", "text": "private key, understanding what it's"}, {"start": "00:28:45", "end": "00:28:49", "text": "like to run a node. This may sound like"}, {"start": "00:28:47", "end": "00:28:50", "text": "really geeky pointless things, but"}, {"start": "00:28:49", "end": "00:28:53", "text": "that's going to apply to everything in"}, {"start": "00:28:50", "end": "00:28:55", "text": "the future. So now's the time to learn"}, {"start": "00:28:53", "end": "00:28:58", "text": "those skills. And if you don't feel that"}, {"start": "00:28:55", "end": "00:29:00", "text": "you're at an age where that's right for"}, {"start": "00:28:58", "end": "00:29:02", "text": "you, then you just need to have someone"}, {"start": "00:29:00", "end": "00:29:04", "text": "within your community or circle or"}, {"start": "00:29:02", "end": "00:29:05", "text": "family or or whatever that's going to"}, {"start": "00:29:04", "end": "00:29:07", "text": "take that on. Because if you don't take"}, {"start": "00:29:05", "end": "00:29:09", "text": "it on, you're going to be controlled by"}, {"start": "00:29:07", "end": "00:29:11", "text": "the system. And that's the decision."}, {"start": "00:29:09", "end": "00:29:12", "text": ">> How does this change when you think of,"}, {"start": "00:29:11", "end": "00:29:15", "text": "you know, AI is one thing where if I"}, {"start": "00:29:12", "end": "00:29:16", "text": "type on my computer, uh, I'm giving it"}, {"start": "00:29:15", "end": "00:29:17", "text": "data. I'm, you know, kind of doing these"}, {"start": "00:29:16", "end": "00:29:19", "text": "things I think are fairly well"}, {"start": "00:29:17", "end": "00:29:20", "text": "understood at this point. But now we're"}, {"start": "00:29:19", "end": "00:29:22", "text": "living in a world where people are"}, {"start": "00:29:20", "end": "00:29:24", "text": "freaking out about flock cameras."}, {"start": "00:29:22", "end": "00:29:26", "text": "They're freaking out cuz they think, uh,"}, {"start": "00:29:24", "end": "00:29:28", "text": "self-driving cars are recording all this"}, {"start": "00:29:26", "end": "00:29:30", "text": "stuff. Humanoid robots are supposedly"}, {"start": "00:29:28", "end": "00:29:31", "text": "going to be in our homes. You know, if I"}, {"start": "00:29:30", "end": "00:29:33", "text": "go and I try to log into certain things,"}, {"start": "00:29:31", "end": "00:29:35", "text": "they want my fingerprint or my iris"}, {"start": "00:29:33", "end": "00:29:36", "text": "scan. And like if I walk on the street"}, {"start": "00:29:35", "end": "00:29:39", "text": "in New York City, there's cameras"}, {"start": "00:29:36", "end": "00:29:41", "text": "everywhere, right? Like it does feel"}, {"start": "00:29:39", "end": "00:29:46", "text": "like the quote unquote surveillance"}, {"start": "00:29:41", "end": "00:29:49", "text": "state or technology on one hand, the"}, {"start": "00:29:46", "end": "00:29:52", "text": "flock camera data objectively shows"}, {"start": "00:29:49", "end": "00:29:53", "text": "crime goes down. They find kidnapped"}, {"start": "00:29:52", "end": "00:29:55", "text": "children. Like there's a ton of"}, {"start": "00:29:53", "end": "00:29:56", "text": "positives, but then people are worried"}, {"start": "00:29:55", "end": "00:29:58", "text": "about, hey, are you reading my, you"}, {"start": "00:29:56", "end": "00:30:02", "text": "know, are you filming me or you know,"}, {"start": "00:29:58", "end": "00:30:04", "text": "whatever the thing is. And in New York"}, {"start": "00:30:02", "end": "00:30:06", "text": "City though, you don't see anyone like"}, {"start": "00:30:04", "end": "00:30:07", "text": "protesting or blocking the cameras on"}, {"start": "00:30:06", "end": "00:30:10", "text": "the street corner cuz it's kind of just"}, {"start": "00:30:07", "end": "00:30:12", "text": "like that's the way of life."}, {"start": "00:30:10", "end": "00:30:14", "text": ">> How do you balance sovereignty in a"}, {"start": "00:30:12", "end": "00:30:16", "text": "world where also, you know, defense,"}, {"start": "00:30:14", "end": "00:30:18", "text": "security, like all this stuff has become"}, {"start": "00:30:16", "end": "00:30:19", "text": "so important as well?"}, {"start": "00:30:18", "end": "00:30:22", "text": ">> Yeah."}, {"start": "00:30:19", "end": "00:30:24", "text": "Well, um I think the first thing is"}, {"start": "00:30:22", "end": "00:30:27", "text": "there's an element of submission that I"}, {"start": "00:30:24", "end": "00:30:28", "text": "have to things I can't control. And I"}, {"start": "00:30:27", "end": "00:30:30", "text": "don't think there's anything I can do in"}, {"start": "00:30:28", "end": "00:30:32", "text": "the world to stop this police and"}, {"start": "00:30:30", "end": "00:30:35", "text": "surveillance state being built. And so"}, {"start": "00:30:32", "end": "00:30:37", "text": "then you're faced with a choice. Do I"}, {"start": "00:30:35", "end": "00:30:40", "text": "opt out? Do I go off- grid? Do I go find"}, {"start": "00:30:37", "end": "00:30:42", "text": "a ranch and bury some gold in the ground"}, {"start": "00:30:40", "end": "00:30:44", "text": "and figure out how to earn enough income"}, {"start": "00:30:42", "end": "00:30:46", "text": "in like some kind of community? Some"}, {"start": "00:30:44", "end": "00:30:47", "text": "people might be able to do that, but"}, {"start": "00:30:46", "end": "00:30:48", "text": "most won't. Mhm."}, {"start": "00:30:47", "end": "00:30:48", "text": ">> Um,"}, {"start": "00:30:48", "end": "00:30:51", "text": ">> most don't want to."}, {"start": "00:30:48", "end": "00:30:52", "text": ">> And most don't want to. Yeah. So then"}, {"start": "00:30:51", "end": "00:30:55", "text": "what what what do you do with that?"}, {"start": "00:30:52", "end": "00:30:59", "text": "Well, the the answer that I've kind of"}, {"start": "00:30:55", "end": "00:31:02", "text": "come to is that you have a split"}, {"start": "00:30:59", "end": "00:31:05", "text": "personality. Um, you have a ying and a"}, {"start": "00:31:02", "end": "00:31:07", "text": "yang. You have a sovereign life. Um,"}, {"start": "00:31:05", "end": "00:31:11", "text": "which you're building. Um, and then you"}, {"start": "00:31:07", "end": "00:31:13", "text": "have your control grid life. Um, and you"}, {"start": "00:31:11", "end": "00:31:16", "text": "know, I need a bank account. That's part"}, {"start": "00:31:13", "end": "00:31:18", "text": "of I know that I'm lucky to if I put too"}, {"start": "00:31:16", "end": "00:31:19", "text": "much money in a bank, I know that I'm"}, {"start": "00:31:18", "end": "00:31:21", "text": "going to ask be asked a bunch of"}, {"start": "00:31:19", "end": "00:31:22", "text": "questions. I know that there's going to"}, {"start": "00:31:21", "end": "00:31:24", "text": "be restrictions on what I can do with"}, {"start": "00:31:22", "end": "00:31:25", "text": "that money. I know that I'm going to"}, {"start": "00:31:24", "end": "00:31:28", "text": "have to provide all the data, source of"}, {"start": "00:31:25", "end": "00:31:30", "text": "funds, source of wealth, KYC. It it just"}, {"start": "00:31:28", "end": "00:31:32", "text": "it's what it is. Um, but there's also a"}, {"start": "00:31:30", "end": "00:31:35", "text": "part of me that knows how to purchase"}, {"start": "00:31:32", "end": "00:31:38", "text": "Bitcoin on a peer-to-peer exchange. Um,"}, {"start": "00:31:35", "end": "00:31:41", "text": "and manage, you know, via a coin join"}, {"start": "00:31:38", "end": "00:31:45", "text": "into new transactions for every single"}, {"start": "00:31:41", "end": "00:31:46", "text": "So, so there's my sovereign life, um,"}, {"start": "00:31:45", "end": "00:31:48", "text": "and then there's my subordinate life."}, {"start": "00:31:46", "end": "00:31:50", "text": "And I think you have to get that mix."}, {"start": "00:31:48", "end": "00:31:52", "text": "And this one, initially, probably for"}, {"start": "00:31:50", "end": "00:31:54", "text": "most people, your subordinate life is"}, {"start": "00:31:52", "end": "00:31:57", "text": "significantly,"}, {"start": "00:31:54", "end": "00:31:59", "text": "um, larger in terms of value um, than"}, {"start": "00:31:57", "end": "00:32:01", "text": "your sovereign life. your your job is to"}, {"start": "00:31:59", "end": "00:32:03", "text": "get more of this and start pushing and"}, {"start": "00:32:01", "end": "00:32:05", "text": "learning new skills, pushing more and"}, {"start": "00:32:03", "end": "00:32:06", "text": "more of your life over there, seeing if"}, {"start": "00:32:05", "end": "00:32:09", "text": "you can invest in sovereign assets, see"}, {"start": "00:32:06", "end": "00:32:12", "text": "if you can start running your own LLMs"}, {"start": "00:32:09", "end": "00:32:14", "text": "and stuff. But to me, there's an element"}, {"start": "00:32:12", "end": "00:32:16", "text": "of submission. And I I don't think"}, {"start": "00:32:14", "end": "00:32:19", "text": "there's anything we can I mean, to me,"}, {"start": "00:32:16", "end": "00:32:23", "text": "is it a good use of my time to start,"}, {"start": "00:32:19", "end": "00:32:25", "text": "you know, um tearing down data centers?"}, {"start": "00:32:23", "end": "00:32:26", "text": "Is that a good use of time? Well, what's"}, {"start": "00:32:25", "end": "00:32:28", "text": "the impact? Well, they're probably"}, {"start": "00:32:26", "end": "00:32:29", "text": "insured and they'll probably make a"}, {"start": "00:32:28", "end": "00:32:31", "text": "bunch of bankers a load of money as a"}, {"start": "00:32:29", "end": "00:32:33", "text": "result of it and a company more"}, {"start": "00:32:31", "end": "00:32:35", "text": "subordinate to the financial industrial"}, {"start": "00:32:33", "end": "00:32:37", "text": "complex. When you really work through"}, {"start": "00:32:35", "end": "00:32:39", "text": "the money, is this productive use? This"}, {"start": "00:32:37", "end": "00:32:41", "text": "episode is brought to you by Lava. The"}, {"start": "00:32:39", "end": "00:32:43", "text": "Lava card is the first credit card that"}, {"start": "00:32:41", "end": "00:32:45", "text": "allows you to earn up to 5% back in"}, {"start": "00:32:43", "end": "00:32:48", "text": "Bitcoin on every single purchase. Most"}, {"start": "00:32:45", "end": "00:32:49", "text": "cards have steep annual fees and unclear"}, {"start": "00:32:48", "end": "00:32:51", "text": "points programs, but the Lava card"}, {"start": "00:32:49", "end": "00:32:54", "text": "offers a much better deal. Earn real"}, {"start": "00:32:51", "end": "00:32:56", "text": "Bitcoin every time that you spend. Plus,"}, {"start": "00:32:54", "end": "00:32:58", "text": "there's no annual fee. There's zero FX"}, {"start": "00:32:56", "end": "00:33:00", "text": "fees and zero spread when you spend"}, {"start": "00:32:58", "end": "00:33:02", "text": "internationally. On top of that, Lava"}, {"start": "00:33:00", "end": "00:33:04", "text": "gives you access to a Bitcoin line of"}, {"start": "00:33:02", "end": "00:33:06", "text": "credit, yield on cash, instant stable"}, {"start": "00:33:04", "end": "00:33:08", "text": "coin deposits and withdrawals on and off"}, {"start": "00:33:06", "end": "00:33:10", "text": "ramps to and from your bank account, and"}, {"start": "00:33:08", "end": "00:33:11", "text": "much, much more. With Lava, you can"}, {"start": "00:33:10", "end": "00:33:13", "text": "borrow against your Bitcoin at the"}, {"start": "00:33:11", "end": "00:33:15", "text": "lowest rates, earn yield, move money"}, {"start": "00:33:13", "end": "00:33:17", "text": "globally, and stack Bitcoin with each"}, {"start": "00:33:15", "end": "00:33:19", "text": "and every purchase you make. Most"}, {"start": "00:33:17", "end": "00:33:22", "text": "financial services squeeze you with high"}, {"start": "00:33:19", "end": "00:33:23", "text": "fees, confusing rewards programs. Lava"}, {"start": "00:33:22", "end": "00:33:26", "text": "keeps it simple and they help you build"}, {"start": "00:33:23", "end": "00:33:30", "text": "your long-term savings via your everyday"}, {"start": "00:33:26", "end": "00:33:31", "text": "spend. Visit lava.xyz/pump"}, {"start": "00:33:30", "end": "00:33:34", "text": "to get started in just a few minutes"}, {"start": "00:33:31", "end": "00:33:36", "text": "today. lava.xyz/pump"}, {"start": "00:33:34", "end": "00:33:38", "text": "to get started today."}, {"start": "00:33:36", "end": "00:33:41", "text": ">> Well, I would even argue uh tearing down"}, {"start": "00:33:38", "end": "00:33:42", "text": "the data center is the opposite of what"}, {"start": "00:33:41", "end": "00:33:45", "text": "they're trying to accomplish. Yeah."}, {"start": "00:33:42", "end": "00:33:47", "text": ">> Right. Like we know that prosperous"}, {"start": "00:33:45", "end": "00:33:49", "text": "countries consume lots of energy. There"}, {"start": "00:33:47", "end": "00:33:52", "text": "is no prosperous low consumption, you"}, {"start": "00:33:49", "end": "00:33:54", "text": "know, energy country. Same thing I think"}, {"start": "00:33:52", "end": "00:33:56", "text": "is with compute in the future. There's"}, {"start": "00:33:54", "end": "00:33:58", "text": "not going to be a prosperous country"}, {"start": "00:33:56", "end": "00:34:00", "text": "that does not consume a lot of compute."}, {"start": "00:33:58", "end": "00:34:01", "text": "Now, how do they do it? Where do they do"}, {"start": "00:34:00", "end": "00:34:02", "text": "it? How is it powered? Is it in your"}, {"start": "00:34:01", "end": "00:34:04", "text": "neighborhood? Like there's a lot of"}, {"start": "00:34:02", "end": "00:34:05", "text": "nuance, right, and details that frankly"}, {"start": "00:34:04", "end": "00:34:07", "text": "are not part of the conversation. It's"}, {"start": "00:34:05", "end": "00:34:08", "text": "pretty much there's two groups in"}, {"start": "00:34:07", "end": "00:34:11", "text": "America. Data centers are good, data"}, {"start": "00:34:08", "end": "00:34:14", "text": "centers are bad. That's pretty much it."}, {"start": "00:34:11", "end": "00:34:16", "text": "But it is very clear whoever has the"}, {"start": "00:34:14", "end": "00:34:18", "text": "most data centers and consumes and"}, {"start": "00:34:16", "end": "00:34:20", "text": "processes the most compute they are"}, {"start": "00:34:18", "end": "00:34:22", "text": "going to be prosperous in the digital"}, {"start": "00:34:20", "end": "00:34:23", "text": "you know world."}, {"start": "00:34:22", "end": "00:34:24", "text": "That almost is like not part of the"}, {"start": "00:34:23", "end": "00:34:24", "text": "conversation."}, {"start": "00:34:24", "end": "00:34:25", "text": ">> Yeah."}, {"start": "00:34:24", "end": "00:34:27", "text": ">> It immediately goes to like I don't like"}, {"start": "00:34:25", "end": "00:34:28", "text": "data centers. Take them down."}, {"start": "00:34:27", "end": "00:34:30", "text": ">> Yeah."}, {"start": "00:34:28", "end": "00:34:34", "text": ">> Well, it's kind of like what if the"}, {"start": "00:34:30", "end": "00:34:37", "text": "future of your children is dependent on"}, {"start": "00:34:34", "end": "00:34:38", "text": "our country having these now? You still"}, {"start": "00:34:37", "end": "00:34:39", "text": "may not want it in your neighborhood."}, {"start": "00:34:38", "end": "00:34:41", "text": "You still may not want it down the"}, {"start": "00:34:39", "end": "00:34:44", "text": "street. You still may not like you know"}, {"start": "00:34:41", "end": "00:34:46", "text": "XYZ thing about it but at least let's"}, {"start": "00:34:44", "end": "00:34:48", "text": "all agree that as a country we need to"}, {"start": "00:34:46", "end": "00:34:51", "text": "win the race. We need to be the largest"}, {"start": "00:34:48", "end": "00:34:53", "text": "consumer of power and compute and then"}, {"start": "00:34:51", "end": "00:34:55", "text": "we can figure out do we go put them in"}, {"start": "00:34:53", "end": "00:34:56", "text": "space? Do we put them, you know, in the"}, {"start": "00:34:55", "end": "00:34:57", "text": "desert? Do we put them in a"}, {"start": "00:34:56", "end": "00:34:59", "text": "neighborhood? All of that stuff is"}, {"start": "00:34:57", "end": "00:35:00", "text": "almost secondary to like let's just all"}, {"start": "00:34:59", "end": "00:35:01", "text": "get on the same page. We got to win the"}, {"start": "00:35:00", "end": "00:35:03", "text": "race. And I don't actually don't think"}, {"start": "00:35:01", "end": "00:35:05", "text": "the country is in agreement there."}, {"start": "00:35:03", "end": "00:35:07", "text": ">> Yeah. Yeah. Well, I I think this comes"}, {"start": "00:35:05", "end": "00:35:10", "text": "down to the K-shaped economy. You know,"}, {"start": "00:35:07", "end": "00:35:12", "text": "there there are people that um want to"}, {"start": "00:35:10", "end": "00:35:13", "text": "tear the system down. They're not happy"}, {"start": "00:35:12", "end": "00:35:15", "text": "with the system. They want real estate"}, {"start": "00:35:13", "end": "00:35:18", "text": "to crash. They want stocks to crash."}, {"start": "00:35:15", "end": "00:35:19", "text": "They want an opportunity to get in where"}, {"start": "00:35:18", "end": "00:35:21", "text": "the boomers got in."}, {"start": "00:35:19", "end": "00:35:23", "text": ">> You know, there there are people that um"}, {"start": "00:35:21", "end": "00:35:24", "text": ">> do you think they want to get in or do"}, {"start": "00:35:23", "end": "00:35:26", "text": "you think they actually want to see the"}, {"start": "00:35:24", "end": "00:35:29", "text": "world burn? Um, and it's hard to"}, {"start": "00:35:26", "end": "00:35:30", "text": "generalize an entire group, but I do"}, {"start": "00:35:29", "end": "00:35:32", "text": "wonder how many of them because it would"}, {"start": "00:35:30", "end": "00:35:33", "text": "be understandable if someone said, \"You"}, {"start": "00:35:32", "end": "00:35:35", "text": "know, I wouldn't mind another global"}, {"start": "00:35:33", "end": "00:35:37", "text": "financial crisis where housing prices"}, {"start": "00:35:35", "end": "00:35:39", "text": "crashed, you know, 20, 30, 40, 50%.\" And"}, {"start": "00:35:37", "end": "00:35:41", "text": "then I could go buy a home. Okay. Again,"}, {"start": "00:35:39", "end": "00:35:42", "text": "I I don't know if I necessarily agree"}, {"start": "00:35:41", "end": "00:35:44", "text": "that that's the best way to do it, but"}, {"start": "00:35:42", "end": "00:35:45", "text": "like I at least understand the economic"}, {"start": "00:35:44", "end": "00:35:48", "text": "incentive to buy a home at a more"}, {"start": "00:35:45", "end": "00:35:49", "text": "affordable price. What I worry though is"}, {"start": "00:35:48", "end": "00:35:51", "text": "that a lot of the people who are"}, {"start": "00:35:49", "end": "00:35:53", "text": "cheering for, you know, basically"}, {"start": "00:35:51", "end": "00:35:54", "text": "destruction,"}, {"start": "00:35:53", "end": "00:35:55", "text": "they don't even want to own a home. like"}, {"start": "00:35:54", "end": "00:35:57", "text": "they actually just want to rent or you"}, {"start": "00:35:55", "end": "00:35:59", "text": "know be mobile and and kind of travel"}, {"start": "00:35:57", "end": "00:36:00", "text": "and all but like they also want to see"}, {"start": "00:35:59", "end": "00:36:02", "text": "home prices go down because that means"}, {"start": "00:36:00", "end": "00:36:06", "text": "that somebody that they perceive is"}, {"start": "00:36:02", "end": "00:36:08", "text": "successful is suffering. Yeah. What what"}, {"start": "00:36:06", "end": "00:36:10", "text": "I think they want is that they're"}, {"start": "00:36:08", "end": "00:36:11", "text": "communicating their dissatisfaction with"}, {"start": "00:36:10", "end": "00:36:15", "text": "the system."}, {"start": "00:36:11", "end": "00:36:19", "text": ">> They're communicating that we are a you"}, {"start": "00:36:15", "end": "00:36:24", "text": "know we we are the majority of people."}, {"start": "00:36:19", "end": "00:36:25", "text": "um they're um I think advocating for I I"}, {"start": "00:36:24", "end": "00:36:28", "text": "probably haven't worked through the"}, {"start": "00:36:25", "end": "00:36:31", "text": "detail in terms of like more socialistic"}, {"start": "00:36:28", "end": "00:36:34", "text": "ways of trying to redistribute wealth."}, {"start": "00:36:31", "end": "00:36:37", "text": "Um and uh yeah, they just don't feel"}, {"start": "00:36:34", "end": "00:36:40", "text": "like they've that they're participating"}, {"start": "00:36:37", "end": "00:36:42", "text": "in the quote unquote American dream um"}, {"start": "00:36:40", "end": "00:36:45", "text": "at the moment. Now, here's the"}, {"start": "00:36:42", "end": "00:36:48", "text": "interesting thing that I've is I I found"}, {"start": "00:36:45", "end": "00:36:51", "text": "that there's polar opposites in terms of"}, {"start": "00:36:48", "end": "00:36:52", "text": "country country sovereignity. I always"}, {"start": "00:36:51", "end": "00:36:54", "text": "say that sovereignty. I always get that"}, {"start": "00:36:52", "end": "00:36:56", "text": "wrong. Um, country sovereign. There'll"}, {"start": "00:36:54", "end": "00:36:58", "text": "be in the comments everyone winds me up"}, {"start": "00:36:56", "end": "00:37:00", "text": "about that. Country sovereign most"}, {"start": "00:36:58", "end": "00:37:01", "text": "important word to me and I can never get"}, {"start": "00:37:00", "end": "00:37:04", "text": "it right. Country sovereignty and"}, {"start": "00:37:01", "end": "00:37:05", "text": "individual sovereignty. I'd argue that"}, {"start": "00:37:04", "end": "00:37:09", "text": "China is the most sovereign country in"}, {"start": "00:37:05", "end": "00:37:11", "text": "the world today. But a sovereign country"}, {"start": "00:37:09", "end": "00:37:14", "text": "can also exercise a lot of authoritarian"}, {"start": "00:37:11", "end": "00:37:16", "text": "on the individual. And so if you live in"}, {"start": "00:37:14", "end": "00:37:19", "text": ">> maybe those two things are intertwined."}, {"start": "00:37:16", "end": "00:37:20", "text": ">> Yeah. Yes. Absolutely. Um and and even"}, {"start": "00:37:19", "end": "00:37:24", "text": "if you look at it, if you look back at"}, {"start": "00:37:20", "end": "00:37:26", "text": "the history, the the the countries where"}, {"start": "00:37:24", "end": "00:37:29", "text": "real estate is distributed to the"}, {"start": "00:37:26", "end": "00:37:33", "text": "highest degree is a country that had"}, {"start": "00:37:29", "end": "00:37:34", "text": "communism came out of communism and then"}, {"start": "00:37:33", "end": "00:37:36", "text": "there was radical privatization where"}, {"start": "00:37:34", "end": "00:37:38", "text": "everyone got to own their own homes. And"}, {"start": "00:37:36", "end": "00:37:40", "text": "so if you look at like Eastern Europe"}, {"start": "00:37:38", "end": "00:37:43", "text": "and you look at China, like you know,"}, {"start": "00:37:40", "end": "00:37:45", "text": "you got like 95% home ownership. Even a"}, {"start": "00:37:43", "end": "00:37:48", "text": "country like Singapore when it went"}, {"start": "00:37:45", "end": "00:37:50", "text": "through decolonization, it had um a"}, {"start": "00:37:48", "end": "00:37:54", "text": "scheme that before it became a global"}, {"start": "00:37:50", "end": "00:37:57", "text": "hub, a massively important decolonized"}, {"start": "00:37:54", "end": "00:37:59", "text": "um uh port. Um you know, it it had a"}, {"start": "00:37:57", "end": "00:38:02", "text": "program to make sure everyone gets their"}, {"start": "00:37:59", "end": "00:38:04", "text": "real estate. And so there's radical"}, {"start": "00:38:02", "end": "00:38:05", "text": "authoritarian I mean, if you've ever"}, {"start": "00:38:04", "end": "00:38:08", "text": "been to Singapore, it's it's a beautiful"}, {"start": "00:38:05", "end": "00:38:10", "text": "place, like absolutely pristine,"}, {"start": "00:38:08", "end": "00:38:13", "text": "perfect, beautiful in every way, even"}, {"start": "00:38:10", "end": "00:38:16", "text": "too perfect. um but very very strict"}, {"start": "00:38:13", "end": "00:38:18", "text": "government at the same time as being a"}, {"start": "00:38:16", "end": "00:38:21", "text": "global financial center and hub for"}, {"start": "00:38:18", "end": "00:38:23", "text": "global trade. Um so it's a very"}, {"start": "00:38:21", "end": "00:38:25", "text": "interesting type of country but everyone"}, {"start": "00:38:23", "end": "00:38:27", "text": "feels like a shareholder in the country"}, {"start": "00:38:25", "end": "00:38:29", "text": "because they own their property right in"}, {"start": "00:38:27", "end": "00:38:33", "text": "the case of America I think that's more"}, {"start": "00:38:29", "end": "00:38:35", "text": "stocks in Europe and UK it's very much"}, {"start": "00:38:33", "end": "00:38:38", "text": "real estate property but in America it"}, {"start": "00:38:35", "end": "00:38:40", "text": "was you know the concept of the 401k and"}, {"start": "00:38:38", "end": "00:38:42", "text": "and everyone owning stocks and you got"}, {"start": "00:38:40", "end": "00:38:46", "text": "rat you got higher stock participation"}, {"start": "00:38:42", "end": "00:38:47", "text": "than any other country um if you're not"}, {"start": "00:38:46", "end": "00:38:48", "text": "a part of that you're not benefiting"}, {"start": "00:38:47", "end": "00:38:51", "text": "from the system and you're getting"}, {"start": "00:38:48", "end": "00:38:53", "text": "further and further further away and"}, {"start": "00:38:51", "end": "00:38:54", "text": "they can't understand why the price of"}, {"start": "00:38:53", "end": "00:38:56", "text": "everything's going up, but their net"}, {"start": "00:38:54", "end": "00:38:58", "text": "worth is just going in the wrong"}, {"start": "00:38:56", "end": "00:39:00", "text": "direction. So, you're going to be"}, {"start": "00:38:58", "end": "00:39:03", "text": "pissed. Um, and if you can't figure out"}, {"start": "00:39:00", "end": "00:39:06", "text": "how to solve those, what that tends to"}, {"start": "00:39:03", "end": "00:39:08", "text": "lead to is is more of a movement towards"}, {"start": "00:39:06", "end": "00:39:09", "text": "redistribution,"}, {"start": "00:39:08", "end": "00:39:12", "text": "um, socialism."}, {"start": "00:39:09", "end": "00:39:16", "text": "Um, and and when you start getting, you"}, {"start": "00:39:12", "end": "00:39:18", "text": "know, the the breakdown of come to"}, {"start": "00:39:16", "end": "00:39:21", "text": "America, the American dream and all that"}, {"start": "00:39:18", "end": "00:39:22", "text": "stuff, uh, there is no shared ideology"}, {"start": "00:39:21", "end": "00:39:24", "text": "anymore. And then everyone gets"}, {"start": "00:39:22", "end": "00:39:26", "text": "extractive and everyone's trying to"}, {"start": "00:39:24", "end": "00:39:30", "text": "extract what they can. And this is the"}, {"start": "00:39:26", "end": "00:39:32", "text": "the cycle of empires like that we've uh"}, {"start": "00:39:30", "end": "00:39:34", "text": "we've always seen. Um but there's no"}, {"start": "00:39:32", "end": "00:39:37", "text": "doubt in my mind that one of the most"}, {"start": "00:39:34", "end": "00:39:40", "text": "important let's call it commodities you"}, {"start": "00:39:37", "end": "00:39:43", "text": "know before it was energy. Uh now we're"}, {"start": "00:39:40", "end": "00:39:45", "text": "still energy still oil um you know choke"}, {"start": "00:39:43", "end": "00:39:47", "text": "points and trade routes and all these"}, {"start": "00:39:45", "end": "00:39:48", "text": "things but you know whoever owns the"}, {"start": "00:39:47", "end": "00:39:50", "text": "data [laughter]"}, {"start": "00:39:48", "end": "00:39:52", "text": "you know is going to control the control"}, {"start": "00:39:50", "end": "00:39:55", "text": "grid. And China [clears throat] has got"}, {"start": "00:39:52", "end": "00:39:57", "text": "loads of data centers. America has got"}, {"start": "00:39:55", "end": "00:40:00", "text": "loads of data centers and everyone else"}, {"start": "00:39:57", "end": "00:40:03", "text": "is trying to use their sovereign wealth"}, {"start": "00:40:00", "end": "00:40:04", "text": "to fit in that side of the ecosystem"}, {"start": "00:40:03", "end": "00:40:06", "text": "whether it means working with China,"}, {"start": "00:40:04", "end": "00:40:08", "text": "working with America, getting Nvidia"}, {"start": "00:40:06", "end": "00:40:10", "text": "chips or whatever it can be. But every"}, {"start": "00:40:08", "end": "00:40:13", "text": "every country needs the data centers if"}, {"start": "00:40:10", "end": "00:40:15", "text": "we're moving to a global control grid."}, {"start": "00:40:13", "end": "00:40:18", "text": "And I'm no doubt we are moving to a"}, {"start": "00:40:15", "end": "00:40:20", "text": "global control grid."}, {"start": "00:40:18", "end": "00:40:23", "text": ">> What is like what has to happen for you"}, {"start": "00:40:20", "end": "00:40:24", "text": "to change your mind on all of this?"}, {"start": "00:40:23", "end": "00:40:27", "text": "Um"}, {"start": "00:40:24", "end": "00:40:29", "text": "I think I just um one one thing that I"}, {"start": "00:40:27", "end": "00:40:30", "text": "find incredibly useful is I don't listen"}, {"start": "00:40:29", "end": "00:40:34", "text": "to politicians and I don't listen to"}, {"start": "00:40:30", "end": "00:40:36", "text": "media unless it matches capital flows"}, {"start": "00:40:34", "end": "00:40:38", "text": "and monetary flows. So I I spend a"}, {"start": "00:40:36", "end": "00:40:40", "text": "disproportionate"}, {"start": "00:40:38", "end": "00:40:43", "text": "really almost um obsessive weird amount"}, {"start": "00:40:40", "end": "00:40:46", "text": "of time trying to study monetary flows"}, {"start": "00:40:43", "end": "00:40:48", "text": "um and figure out whether we're being"}, {"start": "00:40:46", "end": "00:40:53", "text": "lied to by politicians or you know so"}, {"start": "00:40:48", "end": "00:40:56", "text": "whenever I um so to me I'm looking at I"}, {"start": "00:40:53", "end": "00:40:59", "text": "think ETF flows is the new currency war."}, {"start": "00:40:56", "end": "00:41:01", "text": "So it used to be the city of London used"}, {"start": "00:40:59", "end": "00:41:03", "text": "to launch currency wars which would"}, {"start": "00:41:01", "end": "00:41:04", "text": "determine the future of military"}, {"start": "00:41:03", "end": "00:41:07", "text": "intervention."}, {"start": "00:41:04", "end": "00:41:08", "text": "um that still happens. Um a partner, you"}, {"start": "00:41:07", "end": "00:41:10", "text": "know, that partnership between the city"}, {"start": "00:41:08", "end": "00:41:12", "text": "of London and Wall Street, I think still"}, {"start": "00:41:10", "end": "00:41:15", "text": "exists. You know, we've recently"}, {"start": "00:41:12", "end": "00:41:17", "text": "destroyed Iran's currency um to do a"}, {"start": "00:41:15", "end": "00:41:19", "text": "civilian target to destroy all their"}, {"start": "00:41:17", "end": "00:41:21", "text": "wealth so that we could, you know, we"}, {"start": "00:41:19", "end": "00:41:24", "text": "could regime change. Um [clears throat]"}, {"start": "00:41:21", "end": "00:41:28", "text": "but uh I think now"}, {"start": "00:41:24", "end": "00:41:29", "text": "um we've entered into a world where I I"}, {"start": "00:41:28", "end": "00:41:33", "text": "look at Black Rockck a lot in terms of"}, {"start": "00:41:29", "end": "00:41:35", "text": "ETF flows cuz they created artificial"}, {"start": "00:41:33", "end": "00:41:37", "text": "intelligence technology at the financial"}, {"start": "00:41:35", "end": "00:41:40", "text": "level way before everyone else. They"}, {"start": "00:41:37", "end": "00:41:44", "text": "were the main beneficiary of the global"}, {"start": "00:41:40", "end": "00:41:47", "text": "financial crisis. Um they"}, {"start": "00:41:44", "end": "00:41:48", "text": "have you know 15 trillion $15.3 trillion"}, {"start": "00:41:47", "end": "00:41:51", "text": "of assets under management. That's a"}, {"start": "00:41:48", "end": "00:41:53", "text": "significant influence now whether it's"}, {"start": "00:41:51", "end": "00:41:55", "text": "ETFs and other people all you can debate"}, {"start": "00:41:53", "end": "00:41:58", "text": "all that but they've also got the"}, {"start": "00:41:55", "end": "00:42:00", "text": "technology um through Aladdin that"}, {"start": "00:41:58", "end": "00:42:03", "text": "sovereign wealth funds central bank"}, {"start": "00:42:00", "end": "00:42:05", "text": "treasuries endowment funds pension funds"}, {"start": "00:42:03", "end": "00:42:07", "text": "are all using and so when everyone right"}, {"start": "00:42:05", "end": "00:42:10", "text": "now as we move to programmable"}, {"start": "00:42:07", "end": "00:42:13", "text": "investment like 60% of all stock trades"}, {"start": "00:42:10", "end": "00:42:15", "text": "are robots um and everyone all the"}, {"start": "00:42:13", "end": "00:42:16", "text": "sovereign wealth funds are using the"}, {"start": "00:42:15", "end": "00:42:19", "text": "same technology and treasury departments"}, {"start": "00:42:16", "end": "00:42:22", "text": "to scenario man and you put in Aladdin's"}, {"start": "00:42:19", "end": "00:42:24", "text": "technology, you know, uh what happens if"}, {"start": "00:42:22", "end": "00:42:26", "text": "the straight of moose closes for x"}, {"start": "00:42:24", "end": "00:42:28", "text": "number of days, then the bots are all"}, {"start": "00:42:26", "end": "00:42:29", "text": "being fed the same type of trades and"}, {"start": "00:42:28", "end": "00:42:31", "text": "the same type of data. So, it's"}, {"start": "00:42:29", "end": "00:42:36", "text": "allocating capital in somewhat of a"}, {"start": "00:42:31", "end": "00:42:40", "text": "coordinated fashion. Um and you can see"}, {"start": "00:42:36", "end": "00:42:43", "text": "uh you know that that this control grid"}, {"start": "00:42:40", "end": "00:42:46", "text": "is being integrated uh with financial"}, {"start": "00:42:43", "end": "00:42:49", "text": "technology grids and now military is"}, {"start": "00:42:46", "end": "00:42:51", "text": "becoming drones and uh and and humans."}, {"start": "00:42:49", "end": "00:42:52", "text": "So you know this is where we're heading"}, {"start": "00:42:51", "end": "00:42:53", "text": "[laughter]"}, {"start": "00:42:52", "end": "00:42:54", "text": "what does it what does it look like?"}, {"start": "00:42:53", "end": "00:42:57", "text": "That's what we're all trying to"}, {"start": "00:42:54", "end": "00:42:59", "text": "navigate. Um and so what what would"}, {"start": "00:42:57", "end": "00:43:03", "text": "change my mind? Well, when the capital"}, {"start": "00:42:59", "end": "00:43:06", "text": "flows indicate that, you know, the I"}, {"start": "00:43:03", "end": "00:43:08", "text": "mean, America's 25% of global GDP that"}, {"start": "00:43:06", "end": "00:43:10", "text": "used to be 60%. Um, so the world's"}, {"start": "00:43:08", "end": "00:43:12", "text": "saying we're moving to multiparity and"}, {"start": "00:43:10", "end": "00:43:14", "text": "capital is saying, I want cheap"}, {"start": "00:43:12", "end": "00:43:17", "text": "factories in China. I want rare earth"}, {"start": "00:43:14", "end": "00:43:21", "text": "from Africa that go via the Chinese"}, {"start": "00:43:17", "end": "00:43:23", "text": "rails. Um, and uh, Black Rocks assets"}, {"start": "00:43:21", "end": "00:43:26", "text": "under management is going up and up and"}, {"start": "00:43:23", "end": "00:43:28", "text": "up. So that means hyperfinancialized,"}, {"start": "00:43:26", "end": "00:43:31", "text": "securitized, tokenized um and a"}, {"start": "00:43:28", "end": "00:43:33", "text": "multi-node system. If we get back to all"}, {"start": "00:43:31", "end": "00:43:35", "text": "the flows going back to America, the"}, {"start": "00:43:33", "end": "00:43:37", "text": "currency strengthening"}, {"start": "00:43:35", "end": "00:43:39", "text": "um relative to all other currencies,"}, {"start": "00:43:37", "end": "00:43:42", "text": "then that can falsify it."}, {"start": "00:43:39", "end": "00:43:44", "text": ">> What does the Bitcoin price tell you?"}, {"start": "00:43:42", "end": "00:43:48", "text": "uh Bitcoin price to me tells me that"}, {"start": "00:43:44", "end": "00:43:49", "text": "there was a period of trying to"}, {"start": "00:43:48", "end": "00:43:53", "text": "centralize as much Bitcoin as possible"}, {"start": "00:43:49", "end": "00:43:55", "text": "into treasury companies, ETFs."}, {"start": "00:43:53", "end": "00:43:58", "text": "Um and"}, {"start": "00:43:55", "end": "00:44:01", "text": "um we still have approximately 70% of"}, {"start": "00:43:58", "end": "00:44:04", "text": "Bitcoin in self-custody, you know, 30%"}, {"start": "00:44:01", "end": "00:44:08", "text": "in Wall Street rappers or or exchanges."}, {"start": "00:44:04", "end": "00:44:10", "text": "Um so we're still healthy there. Um if"}, {"start": "00:44:08", "end": "00:44:13", "text": "we've got an interesting Bitcoin mining"}, {"start": "00:44:10", "end": "00:44:16", "text": "industry I think um you know a lot of it"}, {"start": "00:44:13", "end": "00:44:19", "text": "was privatized via the US stock market"}, {"start": "00:44:16", "end": "00:44:21", "text": "um about 40% of the hash power came"}, {"start": "00:44:19", "end": "00:44:24", "text": "through there they've been pivoting a"}, {"start": "00:44:21", "end": "00:44:28", "text": "lot to AI and so there's an interesting"}, {"start": "00:44:24", "end": "00:44:30", "text": "we may have hit um you know we may have"}, {"start": "00:44:28", "end": "00:44:32", "text": "he like the peak in terms of the"}, {"start": "00:44:30", "end": "00:44:35", "text": "security behind Bitcoin that may have"}, {"start": "00:44:32", "end": "00:44:37", "text": "adjustments from here I think there's"}, {"start": "00:44:35", "end": "00:44:38", "text": "evidence to state that countries like if"}, {"start": "00:44:37", "end": "00:44:40", "text": "you look at who's mining the most"}, {"start": "00:44:38", "end": "00:44:43", "text": "Bitcoin. You still got a chunk in China,"}, {"start": "00:44:40", "end": "00:44:47", "text": "a load in Russia, a load in Kazakhstan."}, {"start": "00:44:43", "end": "00:44:50", "text": "Um you've got Iran I think was using it"}, {"start": "00:44:47", "end": "00:44:52", "text": "um with nuclear power. Um UAE was"}, {"start": "00:44:50", "end": "00:44:54", "text": "building um I think El Salvador is"}, {"start": "00:44:52", "end": "00:44:56", "text": "trying to build. So we've got a lot of"}, {"start": "00:44:54", "end": "00:45:00", "text": "countries that are very geographically"}, {"start": "00:44:56", "end": "00:45:02", "text": "diversified engaging in mining. Um and"}, {"start": "00:45:00", "end": "00:45:06", "text": "then we've still got about you know"}, {"start": "00:45:02", "end": "00:45:08", "text": "100,000 nodes as long as um we we"}, {"start": "00:45:06", "end": "00:45:10", "text": "recently went through a bitcoin war like"}, {"start": "00:45:08", "end": "00:45:12", "text": "where people were questioning corruption"}, {"start": "00:45:10", "end": "00:45:13", "text": "within the developer community. I think"}, {"start": "00:45:12", "end": "00:45:16", "text": "all of these are things are very"}, {"start": "00:45:13", "end": "00:45:18", "text": "healthy. Um so a lot of people are"}, {"start": "00:45:16", "end": "00:45:21", "text": "looking at making sure the development"}, {"start": "00:45:18", "end": "00:45:23", "text": "is unccorrupt and open source. Um I"}, {"start": "00:45:21", "end": "00:45:25", "text": "think we've got a lot of geographical"}, {"start": "00:45:23", "end": "00:45:28", "text": "diversification in terms of the mining"}, {"start": "00:45:25", "end": "00:45:31", "text": "side. Um, and I think we've got, you"}, {"start": "00:45:28", "end": "00:45:32", "text": "know, we still got anyone can run a node"}, {"start": "00:45:31", "end": "00:45:34", "text": "and people can verify their own"}, {"start": "00:45:32", "end": "00:45:37", "text": "transactions and and and remain"}, {"start": "00:45:34", "end": "00:45:39", "text": "sovereign in that side. So, Bitcoin"}, {"start": "00:45:37", "end": "00:45:42", "text": "price seems to be a lot of inflows into"}, {"start": "00:45:39", "end": "00:45:44", "text": "institutions right now. I think a result"}, {"start": "00:45:42", "end": "00:45:46", "text": "of a lot of hacks is people started to"}, {"start": "00:45:44", "end": "00:45:48", "text": "say, I'd like someone else to custody."}, {"start": "00:45:46", "end": "00:45:50", "text": "This is this is I think the the"}, {"start": "00:45:48", "end": "00:45:52", "text": "interesting thing about Bitcoin from"}, {"start": "00:45:50", "end": "00:45:56", "text": "here. The price is very much"}, {"start": "00:45:52", "end": "00:45:58", "text": "institutional flows. Um, but the value"}, {"start": "00:45:56", "end": "00:46:00", "text": "in Bitcoin is remaining, you know,"}, {"start": "00:45:58", "end": "00:46:02", "text": "keeping to the original ethos of what"}, {"start": "00:46:00", "end": "00:46:05", "text": "Bitcoin was created because if it all"}, {"start": "00:46:02", "end": "00:46:09", "text": "ends up in an ETF all in Treasury"}, {"start": "00:46:05", "end": "00:46:11", "text": "company, um, and centralized mining and,"}, {"start": "00:46:09", "end": "00:46:13", "text": "uh, no one's watching developers and no"}, {"start": "00:46:11", "end": "00:46:16", "text": "one's running nodes cuz the block size"}, {"start": "00:46:13", "end": "00:46:18", "text": "goes up or something, then you can, uh,"}, {"start": "00:46:16", "end": "00:46:21", "text": "enter a situation where some radical"}, {"start": "00:46:18", "end": "00:46:23", "text": "policy of increasing the supply could"}, {"start": "00:46:21", "end": "00:46:26", "text": "come through. So, we're nowhere near"}, {"start": "00:46:23", "end": "00:46:31", "text": "that right now, but um the Bitcoin price"}, {"start": "00:46:26", "end": "00:46:33", "text": "is telling me um that a lot central"}, {"start": "00:46:31", "end": "00:46:35", "text": "banks are choosing gold. Uh which is"}, {"start": "00:46:33", "end": "00:46:37", "text": "good. I I'd rather central banks don't"}, {"start": "00:46:35", "end": "00:46:39", "text": "choose Bitcoin. They they will"}, {"start": "00:46:37", "end": "00:46:41", "text": "eventually, I believe, but the longer"}, {"start": "00:46:39", "end": "00:46:42", "text": "they don't do that, the better as as far"}, {"start": "00:46:41", "end": "00:46:44", "text": "as I can say."}, {"start": "00:46:42", "end": "00:46:45", "text": ">> Um but Wall Street and institutions are"}, {"start": "00:46:44", "end": "00:46:47", "text": "loading up."}, {"start": "00:46:45", "end": "00:46:50", "text": ">> Um and they're making a lot of money out"}, {"start": "00:46:47", "end": "00:46:52", "text": "of um liquidity and trading and products"}, {"start": "00:46:50", "end": "00:46:55", "text": "and stuff like that."}, {"start": "00:46:52", "end": "00:46:56", "text": "Um, I I have as long as I can maintain"}, {"start": "00:46:55", "end": "00:46:58", "text": "owning my Bitcoin, sending it"}, {"start": "00:46:56", "end": "00:47:02", "text": "peer-to-peer, and the supply doesn't"}, {"start": "00:46:58", "end": "00:47:04", "text": "change, then I have no doubt about the"}, {"start": "00:47:02", "end": "00:47:05", "text": "price will reflect that decades into the"}, {"start": "00:47:04", "end": "00:47:07", "text": "future."}, {"start": "00:47:05", "end": "00:47:08", "text": ">> Mhm. Where can we send people to find"}, {"start": "00:47:07", "end": "00:47:12", "text": "you on the internet?"}, {"start": "00:47:08", "end": "00:47:14", "text": ">> Um, so I spend a lot of time on X. Um, I"}, {"start": "00:47:12", "end": "00:47:16", "text": "try every Friday to kind of like follow"}, {"start": "00:47:14", "end": "00:47:18", "text": "the money and like these long 3 four"}, {"start": "00:47:16", "end": "00:47:20", "text": "hours. It's it's more for me, but I do"}, {"start": "00:47:18", "end": "00:47:22", "text": "it in public as a discipline. So you can"}, {"start": "00:47:20", "end": "00:47:24", "text": "listen in if you really want to sit"}, {"start": "00:47:22", "end": "00:47:26", "text": "through that. Um, and then I'm kind of"}, {"start": "00:47:24", "end": "00:47:29", "text": "setting up, you know, my own uh"}, {"start": "00:47:26", "end": "00:47:31", "text": "decentralized setup on Simon Dixon.com"}, {"start": "00:47:29", "end": "00:47:32", "text": "where I'm backing everything up in case"}, {"start": "00:47:31", "end": "00:47:34", "text": "the algorithms don't like my content or"}, {"start": "00:47:32", "end": "00:47:36", "text": "anything in the future."}, {"start": "00:47:34", "end": "00:47:38", "text": ">> What What is your ex handle?"}, {"start": "00:47:36", "end": "00:47:39", "text": ">> Uh, [snorts] Simon Dixon Twitter."}, {"start": "00:47:38", "end": "00:47:40", "text": ">> Amazing."}, {"start": "00:47:39", "end": "00:47:41", "text": ">> From when it was Twitter."}, {"start": "00:47:40", "end": "00:47:42", "text": ">> Well, thank thank you for taking the"}, {"start": "00:47:41", "end": "00:47:44", "text": "time to do this. I could talk to you"}, {"start": "00:47:42", "end": "00:47:47", "text": "forever and uh I think we agree on much"}, {"start": "00:47:44", "end": "00:47:49", "text": "more than uh than we both realize. So,"}, {"start": "00:47:47", "end": "00:47:50", "text": "um, it's going to be a fascinating, you"}, {"start": "00:47:49", "end": "00:47:52", "text": "know, two or three decades here to to"}, {"start": "00:47:50", "end": "00:47:54", "text": "see how this all plays out. And I think"}, {"start": "00:47:52", "end": "00:47:55", "text": "Bitcoin, AI, sovereignty,"}, {"start": "00:47:54", "end": "00:47:57", "text": "decentralization, all of these themes"}, {"start": "00:47:55", "end": "00:47:59", "text": "are going to be, uh, very important for"}, {"start": "00:47:57", "end": "00:48:00", "text": "people to, uh, continue to embrace going"}, {"start": "00:47:59", "end": "00:48:04", "text": "forward."}, {"start": "00:48:00", "end": "00:48:04", "text": ">> Absolutely. Thanks for having me, pump."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "We are at the same point as when the"}, {"start": "00:00:01", "end": "00:00:06", "text": "iPhone came out for crypto. The change"}, {"start": "00:00:03", "end": "00:00:09", "text": "was that the iPhone came out to allow"}, {"start": "00:00:06", "end": "00:00:11", "text": "Uber. For crypto, it's obvious. It's the"}, {"start": "00:00:09", "end": "00:00:13", "text": "agents. It's plain and simple, the"}, {"start": "00:00:11", "end": "00:00:17", "text": "agents. So, the fact that to me, the"}, {"start": "00:00:13", "end": "00:00:19", "text": "ghost city analogy for Ghost Rails is"}, {"start": "00:00:17", "end": "00:00:21", "text": "about you build all this infrastructure,"}, {"start": "00:00:19", "end": "00:00:22", "text": "you build Ethereum, you build Bitcoin,"}, {"start": "00:00:21", "end": "00:00:25", "text": "you develop this whole thing, people"}, {"start": "00:00:22", "end": "00:00:26", "text": "know where it is. It needs time to"}, {"start": "00:00:25", "end": "00:00:28", "text": "survive the test of [music] time. It"}, {"start": "00:00:26", "end": "00:00:30", "text": "needs people looking at it and then it"}, {"start": "00:00:28", "end": "00:00:31", "text": "can take off. What's going on guys?"}, {"start": "00:00:30", "end": "00:00:33", "text": "Today we got a great conversation with"}, {"start": "00:00:31", "end": "00:00:34", "text": "Jordi Visser. In this conversation, we"}, {"start": "00:00:33", "end": "00:00:36", "text": "talk about what's going on with consumer"}, {"start": "00:00:34", "end": "00:00:38", "text": "AI agents. How is it affecting financial"}, {"start": "00:00:36", "end": "00:00:39", "text": "markets? Why are there certain stocks"}, {"start": "00:00:38", "end": "00:00:41", "text": "that everyone's excited about? But"}, {"start": "00:00:39", "end": "00:00:41", "text": "Jord's got some data that says that"}, {"start": "00:00:41", "end": "00:00:43", "text": "they're actually under a lot of"}, {"start": "00:00:41", "end": "00:00:45", "text": "pressure. Bitcoin broke out"}, {"start": "00:00:43", "end": "00:00:46", "text": "consolidating. Is it going to go up? Is"}, {"start": "00:00:45", "end": "00:00:48", "text": "it going to go down? Are we in a Bitcoin"}, {"start": "00:00:46", "end": "00:00:50", "text": "bull market? And where else is value"}, {"start": "00:00:48", "end": "00:00:52", "text": "going to acrew in your portfolio? What"}, {"start": "00:00:50", "end": "00:00:54", "text": "are the assets you don't own that Jordy"}, {"start": "00:00:52", "end": "00:00:56", "text": "thinks you should? All that much more in"}, {"start": "00:00:54", "end": "00:00:58", "text": "this conversation with Jordy Visser. All"}, {"start": "00:00:56", "end": "00:01:00", "text": "right, Jordy. Uh, crypto has done a very"}, {"start": "00:00:58", "end": "00:01:01", "text": "good job of hanging in there all week"}, {"start": "00:01:00", "end": "00:01:02", "text": "long, even though a number of other"}, {"start": "00:01:01", "end": "00:01:04", "text": "things have come under pressure. Why do"}, {"start": "00:01:02", "end": "00:01:07", "text": "you think crypto is trading so well?"}, {"start": "00:01:04", "end": "00:01:09", "text": ">> When did we last see each other?"}, {"start": "00:01:07", "end": "00:01:10", "text": ">> Couple days ago, a Tuesday. We We did a"}, {"start": "00:01:09", "end": "00:01:12", "text": "drive by high five."}, {"start": "00:01:10", "end": "00:01:13", "text": ">> I walk into an event not [clears throat]"}, {"start": "00:01:12", "end": "00:01:16", "text": "knowing you're there. I thought we were"}, {"start": "00:01:13", "end": "00:01:18", "text": "friends. We do this. [laughter]"}, {"start": "00:01:16", "end": "00:01:19", "text": ">> We walk through a turn style the other"}, {"start": "00:01:18", "end": "00:01:21", "text": "way. See you. Oh, see you. How you"}, {"start": "00:01:19", "end": "00:01:23", "text": ">> The difference between you and I is you"}, {"start": "00:01:21", "end": "00:01:25", "text": "went for multiple days. See? Uh,"}, {"start": "00:01:23", "end": "00:01:27", "text": "[laughter] young Paraguan. Listen, I'm a"}, {"start": "00:01:25", "end": "00:01:29", "text": "expert at this. I took my train down to"}, {"start": "00:01:27", "end": "00:01:30", "text": "DC, did my 15-minute talk and got right"}, {"start": "00:01:29", "end": "00:01:31", "text": "back on the train and came back. You"}, {"start": "00:01:30", "end": "00:01:32", "text": "stayed."}, {"start": "00:01:31", "end": "00:01:34", "text": ">> I stayed and had the best time. And for"}, {"start": "00:01:32", "end": "00:01:36", "text": "the people who know that I had a great"}, {"start": "00:01:34", "end": "00:01:40", "text": "time, you know who you are. I had a"}, {"start": "00:01:36", "end": "00:01:41", "text": "great time. Um, okay. So, whenever you"}, {"start": "00:01:40", "end": "00:01:44", "text": "The great thing about technical"}, {"start": "00:01:41", "end": "00:01:47", "text": "analysis, we talked a lot about the"}, {"start": "00:01:44", "end": "00:01:51", "text": "importance of the original break uh in"}, {"start": "00:01:47", "end": "00:01:53", "text": "Bitcoin from the low60s up. But what was"}, {"start": "00:01:51", "end": "00:01:56", "text": "important was the negative news that was"}, {"start": "00:01:53", "end": "00:01:59", "text": "happening in the time before. Mhm."}, {"start": "00:01:56", "end": "00:02:01", "text": ">> Clarity goes down to close to 0%. Uh Fed"}, {"start": "00:01:59", "end": "00:02:03", "text": "rate hikes are going through the roof in"}, {"start": "00:02:01", "end": "00:02:05", "text": "terms of expectations and at the same"}, {"start": "00:02:03", "end": "00:02:08", "text": "time you have the cold wallet incident"}, {"start": "00:02:05", "end": "00:02:11", "text": "and yet Bitcoin stayed at like 60 to 65."}, {"start": "00:02:08", "end": "00:02:14", "text": "And so the second that anything good"}, {"start": "00:02:11", "end": "00:02:17", "text": "happens. Oh, Bessant intervenes in the"}, {"start": "00:02:14", "end": "00:02:19", "text": "yen and then we get all this debasement"}, {"start": "00:02:17", "end": "00:02:21", "text": "stuff and it breaks out but it stays"}, {"start": "00:02:19", "end": "00:02:23", "text": "under the important levels of kind of"}, {"start": "00:02:21", "end": "00:02:25", "text": "the highs from the prior 6 months which"}, {"start": "00:02:23", "end": "00:02:27", "text": "were right around 82. So now we gap up"}, {"start": "00:02:25", "end": "00:02:29", "text": "again. So the question is when you're"}, {"start": "00:02:27", "end": "00:02:31", "text": "doing these in technical analysis where"}, {"start": "00:02:29", "end": "00:02:33", "text": "first you handle bad news. You go up"}, {"start": "00:02:31", "end": "00:02:36", "text": "what happened when we broke out last"}, {"start": "00:02:33", "end": "00:02:38", "text": "week? The Fed raised rates 10ear rates"}, {"start": "00:02:36", "end": "00:02:40", "text": "are going higher. Equities are you know"}, {"start": "00:02:38", "end": "00:02:42", "text": "breath is breaking down in the market"}, {"start": "00:02:40", "end": "00:02:46", "text": "and yet we still found a way to go"}, {"start": "00:02:42", "end": "00:02:49", "text": "higher again. So I believe based on the"}, {"start": "00:02:46", "end": "00:02:51", "text": "inbound traffic I'm getting from"}, {"start": "00:02:49", "end": "00:02:55", "text": "everybody. everyone but people that"}, {"start": "00:02:51", "end": "00:02:57", "text": "manage trillions of dollars. So not the"}, {"start": "00:02:55", "end": "00:03:00", "text": "analysts who work for him, the people"}, {"start": "00:02:57", "end": "00:03:02", "text": "who manage trillions of dollars"}, {"start": "00:03:00", "end": "00:03:05", "text": "asking me to talk about the paper I"}, {"start": "00:03:02", "end": "00:03:07", "text": "wrote two months ago to explain why the"}, {"start": "00:03:05", "end": "00:03:09", "text": "paper I wrote on tokenization will"}, {"start": "00:03:07", "end": "00:03:10", "text": "change the world, what that means. So I"}, {"start": "00:03:09", "end": "00:03:12", "text": "think we've entered a point where you"}, {"start": "00:03:10", "end": "00:03:14", "text": "have to realize that"}, {"start": "00:03:12", "end": "00:03:17", "text": "people are starting to ask questions"}, {"start": "00:03:14", "end": "00:03:19", "text": "about it. Part of this is because of the"}, {"start": "00:03:17", "end": "00:03:20", "text": "events that have occurred with consumer"}, {"start": "00:03:19", "end": "00:03:23", "text": "agents and things where I've connected"}, {"start": "00:03:20", "end": "00:03:24", "text": "the dots, but part of this is also what"}, {"start": "00:03:23", "end": "00:03:29", "text": "happened last year. And I think there's"}, {"start": "00:03:24", "end": "00:03:31", "text": "PTSD. People missed Micron. They missed"}, {"start": "00:03:29", "end": "00:03:34", "text": "the semiconductor trade. And so I think"}, {"start": "00:03:31", "end": "00:03:36", "text": "what's starting to happen here is they"}, {"start": "00:03:34", "end": "00:03:38", "text": "know crypto is not dead, meaning they"}, {"start": "00:03:36", "end": "00:03:40", "text": "kind of waved it off. So people that"}, {"start": "00:03:38", "end": "00:03:42", "text": "manage lots of money that need to"}, {"start": "00:03:40", "end": "00:03:43", "text": "produce alpha, this is not a greed"}, {"start": "00:03:42", "end": "00:03:45", "text": "thing. I think there's FOMO starting to"}, {"start": "00:03:43", "end": "00:03:47", "text": "set in. You think that there's FOMO"}, {"start": "00:03:45", "end": "00:03:47", "text": "coming from Wall Street on the crypto"}, {"start": "00:03:47", "end": "00:03:49", "text": "trade?"}, {"start": "00:03:47", "end": "00:03:51", "text": ">> There's no doubt in my mind. Now, I said"}, {"start": "00:03:49", "end": "00:03:53", "text": "on this show that I believe that 2027"}, {"start": "00:03:51", "end": "00:03:55", "text": "would be the important year. And the"}, {"start": "00:03:53", "end": "00:03:58", "text": "reason is this. You need to have FOMO"}, {"start": "00:03:55", "end": "00:04:00", "text": "first because we're nearing the end of"}, {"start": "00:03:58", "end": "00:04:02", "text": "the calendar year. And I'm spending a"}, {"start": "00:04:00", "end": "00:04:05", "text": "lot of time like I did in DC about"}, {"start": "00:04:02", "end": "00:04:08", "text": "machine time versus human time. Human"}, {"start": "00:04:05", "end": "00:04:10", "text": "time moves really slow. Crypto doesn't"}, {"start": "00:04:08", "end": "00:04:12", "text": "move slow. It moves very fast. AI"}, {"start": "00:04:10", "end": "00:04:13", "text": "doesn't move slow. It moves very fast."}, {"start": "00:04:12", "end": "00:04:15", "text": "Oh, rates are going higher. or this is"}, {"start": "00:04:13", "end": "00:04:17", "text": "going to hurt the housing market. This"}, {"start": "00:04:15", "end": "00:04:18", "text": "is going to hurt small caps. I posted"}, {"start": "00:04:17", "end": "00:04:20", "text": "something on X today. So, let me get"}, {"start": "00:04:18", "end": "00:04:24", "text": "this straight. The Mag 7 are near"}, {"start": "00:04:20", "end": "00:04:25", "text": "all-time high and the Russell 2000 is"}, {"start": "00:04:24", "end": "00:04:27", "text": "breaking down, which means breath is"}, {"start": "00:04:25", "end": "00:04:30", "text": "breaking down. And if you do a chart for"}, {"start": "00:04:27", "end": "00:04:34", "text": "all of you breath fearmongers now of the"}, {"start": "00:04:30", "end": "00:04:35", "text": "market, you'll realize that, oh, QQQ"}, {"start": "00:04:34", "end": "00:04:37", "text": "over"}, {"start": "00:04:35", "end": "00:04:40", "text": "IWM has been a trade since the iPhone"}, {"start": "00:04:37", "end": "00:04:41", "text": "came into existence. If you're not part"}, {"start": "00:04:40", "end": "00:04:44", "text": "of the digital economy, you're"}, {"start": "00:04:41", "end": "00:04:47", "text": "suffering. So I think there's an element"}, {"start": "00:04:44", "end": "00:04:49", "text": "that crypto now has a fundamental use."}, {"start": "00:04:47", "end": "00:04:50", "text": "It has public companies which means they"}, {"start": "00:04:49", "end": "00:04:52", "text": "can do a little bit of investing."}, {"start": "00:04:50", "end": "00:04:54", "text": "They're not going into the tokens but"}, {"start": "00:04:52", "end": "00:04:55", "text": "they are looking. But I think the fact"}, {"start": "00:04:54", "end": "00:04:56", "text": "that you and I talk about all the time"}, {"start": "00:04:55", "end": "00:04:58", "text": "and we have a lot of different"}, {"start": "00:04:56", "end": "00:05:00", "text": "listeners. I write about the"}, {"start": "00:04:58", "end": "00:05:02", "text": "relationship. I set up a business based"}, {"start": "00:05:00", "end": "00:05:05", "text": "on the importance of AI to crypto"}, {"start": "00:05:02", "end": "00:05:06", "text": "disrupting macro. I think FOMO is"}, {"start": "00:05:05", "end": "00:05:07", "text": "kicking in because they're trying to"}, {"start": "00:05:06", "end": "00:05:09", "text": "figure out ways to make money because"}, {"start": "00:05:07", "end": "00:05:11", "text": "it's been kind of a frustrating year for"}, {"start": "00:05:09", "end": "00:05:13", "text": "Alpha. And I'm just going to give you"}, {"start": "00:05:11", "end": "00:05:16", "text": "one example because I can tell by people"}, {"start": "00:05:13", "end": "00:05:18", "text": "reaching out on on me on things like"}, {"start": "00:05:16", "end": "00:05:20", "text": "Visa and Mastercard. So Visa and"}, {"start": "00:05:18", "end": "00:05:22", "text": "Mastercard are your classic examples of"}, {"start": "00:05:20", "end": "00:05:24", "text": "things that oh crypto is not going to"}, {"start": "00:05:22", "end": "00:05:26", "text": "disrupt them. And I'm just like of"}, {"start": "00:05:24", "end": "00:05:27", "text": "course it will. Like I don't even know"}, {"start": "00:05:26", "end": "00:05:31", "text": "how you could argue they're going to"}, {"start": "00:05:27", "end": "00:05:32", "text": "benefit maybe initially but not in 5"}, {"start": "00:05:31", "end": "00:05:34", "text": "years."}, {"start": "00:05:32", "end": "00:05:36", "text": ">> Why?"}, {"start": "00:05:34", "end": "00:05:38", "text": "We're entering a deflationary period"}, {"start": "00:05:36", "end": "00:05:40", "text": "that people just do not understand."}, {"start": "00:05:38", "end": "00:05:42", "text": "Deflation, not inflation. Deflation. You"}, {"start": "00:05:40", "end": "00:05:44", "text": "and I agree on that. The deflationary"}, {"start": "00:05:42", "end": "00:05:46", "text": "pressures that come from AI are intense."}, {"start": "00:05:44", "end": "00:05:49", "text": "It's just a matter of how long it takes"}, {"start": "00:05:46", "end": "00:05:50", "text": "for it to filter through."}, {"start": "00:05:49", "end": "00:05:52", "text": "But where it's really going to filter"}, {"start": "00:05:50", "end": "00:05:55", "text": "through is when people are having"}, {"start": "00:05:52", "end": "00:05:57", "text": "agents, an agent's job is to find their"}, {"start": "00:05:55", "end": "00:06:00", "text": "airline ticket for the cheapest price"}, {"start": "00:05:57", "end": "00:06:01", "text": "that satisfies to book a travel thing"}, {"start": "00:06:00", "end": "00:06:04", "text": "where they're stripping out the"}, {"start": "00:06:01", "end": "00:06:06", "text": "middlemen as much as possible. Visa and"}, {"start": "00:06:04", "end": "00:06:08", "text": "Mastercard by definition are middlemen."}, {"start": "00:06:06", "end": "00:06:09", "text": "So when people argue with me on this,"}, {"start": "00:06:08", "end": "00:06:10", "text": "they go, \"Well, no, no, they you need"}, {"start": "00:06:09", "end": "00:06:11", "text": "this for this. They're going to"}, {"start": "00:06:10", "end": "00:06:13", "text": "benefit.\" Blah, blah, blah. I'm like,"}, {"start": "00:06:11", "end": "00:06:15", "text": "\"Yeah, just like Salesforce.com, you see"}, {"start": "00:06:13", "end": "00:06:20", "text": "Salesforce.com lately, it's up big. It's"}, {"start": "00:06:15", "end": "00:06:22", "text": "down 10% this year. S&P's up 12. So it's"}, {"start": "00:06:20", "end": "00:06:25", "text": "underperformed by 22%. Semiconductors,"}, {"start": "00:06:22", "end": "00:06:28", "text": "my thematic portfolio is up 45%."}, {"start": "00:06:25", "end": "00:06:30", "text": "Salesforce down here. Even the Mag 7,"}, {"start": "00:06:28", "end": "00:06:32", "text": "they're up 10%. They've underperformed."}, {"start": "00:06:30", "end": "00:06:33", "text": "I think people are making a mistake on"}, {"start": "00:06:32", "end": "00:06:35", "text": "Vis and Mastercard. They're not going"}, {"start": "00:06:33", "end": "00:06:37", "text": "out of business. But at some point, you"}, {"start": "00:06:35", "end": "00:06:40", "text": "have to recognize that terminal value"}, {"start": "00:06:37", "end": "00:06:43", "text": "matters again. And crypto and"}, {"start": "00:06:40", "end": "00:06:46", "text": "tokenization are going to change the"}, {"start": "00:06:43", "end": "00:06:47", "text": "world because it unleashes a lot of them"}, {"start": "00:06:46", "end": "00:06:49", "text": "too because wealth becomes money. I"}, {"start": "00:06:47", "end": "00:06:51", "text": "wrote about that this week. It's on"}, {"start": "00:06:49", "end": "00:06:52", "text": "Substack. But on the other side, it"}, {"start": "00:06:51", "end": "00:06:54", "text": "brings an enormous amount of"}, {"start": "00:06:52", "end": "00:06:56", "text": "entrepreneurs that you can invest in"}, {"start": "00:06:54", "end": "00:06:57", "text": "because they're going to have tokens. Is"}, {"start": "00:06:56", "end": "00:06:58", "text": "it going to be this year? No. But it'll"}, {"start": "00:06:57", "end": "00:07:00", "text": "be in five years. So where Visa and"}, {"start": "00:06:58", "end": "00:07:02", "text": "Mastercard go, it's not about them going"}, {"start": "00:07:00", "end": "00:07:04", "text": "out of business. It's about in five"}, {"start": "00:07:02", "end": "00:07:07", "text": "years, will people still be paying a"}, {"start": "00:07:04", "end": "00:07:09", "text": "vig? Agents won't. Agents don't pay"}, {"start": "00:07:07", "end": "00:07:11", "text": "vigs. Agents figure out how. So people"}, {"start": "00:07:09", "end": "00:07:14", "text": "tell me consumer behavior, they know"}, {"start": "00:07:11", "end": "00:07:16", "text": "consumer behavior. I'm sorry, but you"}, {"start": "00:07:14", "end": "00:07:17", "text": "don't know agent behavior. Agent"}, {"start": "00:07:16", "end": "00:07:20", "text": "behavior is all about the goals. And the"}, {"start": "00:07:17", "end": "00:07:23", "text": "goals are find things fast and cheap."}, {"start": "00:07:20", "end": "00:07:26", "text": ">> In the last bull market, there was a lot"}, {"start": "00:07:23", "end": "00:07:29", "text": "of institutions that they started to dip"}, {"start": "00:07:26", "end": "00:07:31", "text": "their toes. and dipping toes because"}, {"start": "00:07:29", "end": "00:07:33", "text": "they're so big felt really big to the"}, {"start": "00:07:31", "end": "00:07:35", "text": "crypto industry. So if you have, you"}, {"start": "00:07:33", "end": "00:07:37", "text": "know, hundred billion dollars of assets"}, {"start": "00:07:35", "end": "00:07:39", "text": "and you take 1%, it's a billion dollars."}, {"start": "00:07:37", "end": "00:07:41", "text": "In the crypto world, there was almost no"}, {"start": "00:07:39", "end": "00:07:42", "text": "funds that had a billion dollars. And so"}, {"start": "00:07:41", "end": "00:07:44", "text": "[clears throat] all of a sudden"}, {"start": "00:07:42", "end": "00:07:45", "text": "quotequote smart money or the big guys"}, {"start": "00:07:44", "end": "00:07:46", "text": "show up and they're wow, they put a"}, {"start": "00:07:45", "end": "00:07:49", "text": "billion dollars."}, {"start": "00:07:46", "end": "00:07:50", "text": ">> To them, it was like uh let's see what"}, {"start": "00:07:49", "end": "00:07:52", "text": "happens here. You know, it's a 1%"}, {"start": "00:07:50", "end": "00:07:54", "text": "allocation."}, {"start": "00:07:52", "end": "00:07:57", "text": "I do feel like Wall Street, they're"}, {"start": "00:07:54", "end": "00:07:59", "text": "ready for the fat pitch now. They last"}, {"start": "00:07:57", "end": "00:08:01", "text": "cycle dipped their toe. They know what"}, {"start": "00:07:59", "end": "00:08:03", "text": "this thing can do when it's going in the"}, {"start": "00:08:01", "end": "00:08:05", "text": "right direction. They understand it's"}, {"start": "00:08:03", "end": "00:08:06", "text": "super volatile. They're glad they just"}, {"start": "00:08:05", "end": "00:08:09", "text": "dipped their toes and they didn't go all"}, {"start": "00:08:06", "end": "00:08:13", "text": "in cuz they saw the volatility. But your"}, {"start": "00:08:09", "end": "00:08:16", "text": "point about FOMO, it's like uh three"}, {"start": "00:08:13", "end": "00:08:17", "text": "balls, two strikes, bottom of the ninth,"}, {"start": "00:08:16", "end": "00:08:19", "text": "and you know the pitcher's going to"}, {"start": "00:08:17", "end": "00:08:21", "text": "throw a fast ball and they're just"}, {"start": "00:08:19", "end": "00:08:22", "text": "waiting. And I don't know when you"}, {"start": "00:08:21", "end": "00:08:23", "text": "probably understand better than me like"}, {"start": "00:08:22", "end": "00:08:26", "text": "what are the trigger that's going to let"}, {"start": "00:08:23", "end": "00:08:29", "text": "them you know just swing but this time"}, {"start": "00:08:26", "end": "00:08:32", "text": "it's not you know a billion it's 10 20"}, {"start": "00:08:29", "end": "00:08:35", "text": "30 billion [clears throat] per firm it's"}, {"start": "00:08:32", "end": "00:08:37", "text": "bitcoin other cryptos tokenization like"}, {"start": "00:08:35", "end": "00:08:38", "text": "now they are ready to play this whole"}, {"start": "00:08:37", "end": "00:08:40", "text": "thing and some of it is they have more"}, {"start": "00:08:38", "end": "00:08:42", "text": "options now they couldn't just go buy"}, {"start": "00:08:40", "end": "00:08:43", "text": "you know bitcoin before so they had to"}, {"start": "00:08:42", "end": "00:08:45", "text": "wait for the ETFs y"}, {"start": "00:08:43", "end": "00:08:46", "text": ">> but also how many public companies are"}, {"start": "00:08:45", "end": "00:08:48", "text": "there now that give them some degree of"}, {"start": "00:08:46", "end": "00:08:51", "text": "exposure to individual cryptos or"}, {"start": "00:08:48", "end": "00:08:52", "text": "tokenization or even you know crypto"}, {"start": "00:08:51", "end": "00:08:55", "text": "being used or blockchains being used in"}, {"start": "00:08:52", "end": "00:08:57", "text": "certain verticals like the addressable"}, {"start": "00:08:55", "end": "00:08:59", "text": "you know uh market of what they can"}, {"start": "00:08:57", "end": "00:09:00", "text": "invest in has grown so much as well that"}, {"start": "00:08:59", "end": "00:09:02", "text": "they actually can put more money to work"}, {"start": "00:09:00", "end": "00:09:05", "text": "at the same time."}, {"start": "00:09:02", "end": "00:09:07", "text": "So, let's talk about um what you just"}, {"start": "00:09:05", "end": "00:09:10", "text": "said and and let's go a fat pitch. Let's"}, {"start": "00:09:07", "end": "00:09:12", "text": "go back to 2122 when they they stubbed"}, {"start": "00:09:10", "end": "00:09:14", "text": "their toe, okay?"}, {"start": "00:09:12", "end": "00:09:17", "text": ">> They bought at the highs, they jumped"}, {"start": "00:09:14", "end": "00:09:18", "text": "into NFTts, they jumped into FTX, they"}, {"start": "00:09:17", "end": "00:09:20", "text": "jumped into a whole bunch of things and"}, {"start": "00:09:18", "end": "00:09:23", "text": "it seemed like an obvious situation."}, {"start": "00:09:20", "end": "00:09:25", "text": "Now, the reality is behind closed doors,"}, {"start": "00:09:23", "end": "00:09:27", "text": "the VC world was pumping an enormous"}, {"start": "00:09:25", "end": "00:09:30", "text": "amount of money into SAS businesses and"}, {"start": "00:09:27", "end": "00:09:32", "text": "into crypto. Co is just over. We're in a"}, {"start": "00:09:30", "end": "00:09:35", "text": "raging bull market. I've said this"}, {"start": "00:09:32", "end": "00:09:37", "text": "before, I'll say it again. For crypto,"}, {"start": "00:09:35", "end": "00:09:39", "text": "that was the.com bubble. Like,"}, {"start": "00:09:37", "end": "00:09:41", "text": "everyone's looking for the.com bubble in"}, {"start": "00:09:39", "end": "00:09:43", "text": "AI. That was the dot bubble for crypto."}, {"start": "00:09:41", "end": "00:09:46", "text": "It wasn't debt, [snorts]"}, {"start": "00:09:43", "end": "00:09:48", "text": "but it was VC money that came in. Well,"}, {"start": "00:09:46", "end": "00:09:51", "text": "a lot of these rails, they don't need VC"}, {"start": "00:09:48", "end": "00:09:52", "text": "money now. So, with AI, the whole world"}, {"start": "00:09:51", "end": "00:09:54", "text": "is changing. And this is part of my"}, {"start": "00:09:52", "end": "00:09:56", "text": "thing. You don't need to hire people and"}, {"start": "00:09:54", "end": "00:09:59", "text": "you get to use digital agents and go"}, {"start": "00:09:56", "end": "00:10:02", "text": "through it. The thing that saved.com"}, {"start": "00:09:59", "end": "00:10:05", "text": "bubble companies is in 2007 there was a"}, {"start": "00:10:02", "end": "00:10:07", "text": "change that was able to use those rails."}, {"start": "00:10:05", "end": "00:10:09", "text": "And I keep saying this over and over"}, {"start": "00:10:07", "end": "00:10:11", "text": "again. We were at the same point as when"}, {"start": "00:10:09", "end": "00:10:14", "text": "the iPhone came out for crypto. The"}, {"start": "00:10:11", "end": "00:10:17", "text": "change was that the iPhone came out to"}, {"start": "00:10:14", "end": "00:10:19", "text": "allow Uber. I'll joke about this all the"}, {"start": "00:10:17", "end": "00:10:21", "text": "time, but you can't take a laptop up and"}, {"start": "00:10:19", "end": "00:10:24", "text": "be ordering a car outside. You need"}, {"start": "00:10:21", "end": "00:10:27", "text": "Wi-Fi, cellular. You needed a smartphone"}, {"start": "00:10:24", "end": "00:10:29", "text": "to be able to have Uber work."}, {"start": "00:10:27", "end": "00:10:30", "text": ">> Well, GPS in the phone was probably the"}, {"start": "00:10:29", "end": "00:10:32", "text": "most important part. Yeah."}, {"start": "00:10:30", "end": "00:10:34", "text": ">> Yeah. You you you couldn't do it. So, we"}, {"start": "00:10:32", "end": "00:10:37", "text": "needed an app store."}, {"start": "00:10:34", "end": "00:10:39", "text": "For crypto, it's obvious. It's the"}, {"start": "00:10:37", "end": "00:10:42", "text": "agents. It's plain and simple, the"}, {"start": "00:10:39", "end": "00:10:44", "text": "agents. So the fact that to me I've been"}, {"start": "00:10:42", "end": "00:10:48", "text": "talking about this for a while that the"}, {"start": "00:10:44", "end": "00:10:50", "text": "ghost city analogy for ghost rails is"}, {"start": "00:10:48", "end": "00:10:52", "text": "about you build all this infrastructure,"}, {"start": "00:10:50", "end": "00:10:54", "text": "you build Ethereum, you build Bitcoin,"}, {"start": "00:10:52", "end": "00:10:56", "text": "you develop this whole thing. People"}, {"start": "00:10:54", "end": "00:10:58", "text": "know where it is. It needs time to"}, {"start": "00:10:56", "end": "00:10:59", "text": "survive the test of time. It needs"}, {"start": "00:10:58", "end": "00:11:01", "text": "people looking at it and then it can"}, {"start": "00:10:59", "end": "00:11:04", "text": "take off. Peter Lynch wrote a book that"}, {"start": "00:11:01", "end": "00:11:07", "text": "he's still famous for which is all about"}, {"start": "00:11:04", "end": "00:11:10", "text": "oneupping Wall Street. The beauty of"}, {"start": "00:11:07", "end": "00:11:12", "text": "this is"}, {"start": "00:11:10", "end": "00:11:15", "text": "Wall Street doesn't cover tokens and"}, {"start": "00:11:12", "end": "00:11:17", "text": "crypto. They're starting to get involved"}, {"start": "00:11:15", "end": "00:11:20", "text": "in the rails, but they don't cover"}, {"start": "00:11:17", "end": "00:11:22", "text": "individual tokens. So, if you're at a"}, {"start": "00:11:20", "end": "00:11:23", "text": "big mutual fund or a big pension fund,"}, {"start": "00:11:22", "end": "00:11:24", "text": "you're like, you know what I'd really"}, {"start": "00:11:23", "end": "00:11:26", "text": "like to see? Hey, can you get me the"}, {"start": "00:11:24", "end": "00:11:29", "text": "Morgan Stanley research on on crypto"}, {"start": "00:11:26", "end": "00:11:29", "text": "tokens? Doesn't exist. So, before when"}, {"start": "00:11:29", "end": "00:11:31", "text": "you're in"}, {"start": "00:11:29", "end": "00:11:32", "text": ">> TV research exists,"}, {"start": "00:11:31", "end": "00:11:33", "text": ">> yes. Yes. I I And again,"}, {"start": "00:11:32", "end": "00:11:35", "text": ">> Mr. Research exists."}, {"start": "00:11:33", "end": "00:11:37", "text": ">> It's live now. It's live. It went out"}, {"start": "00:11:35", "end": "00:11:38", "text": "this week. And now every week I'll be"}, {"start": "00:11:37", "end": "00:11:40", "text": "going through the vertical. So yes, that"}, {"start": "00:11:38", "end": "00:11:42", "text": "was what I planned. My business was"}, {"start": "00:11:40", "end": "00:11:44", "text": "about the fact that Peter Lynch's"}, {"start": "00:11:42", "end": "00:11:46", "text": "philosophy was the best way to make"}, {"start": "00:11:44", "end": "00:11:47", "text": "money is to be early on something, but"}, {"start": "00:11:46", "end": "00:11:49", "text": "the only way to be early on something is"}, {"start": "00:11:47", "end": "00:11:50", "text": "to know that the money is not invested"}, {"start": "00:11:49", "end": "00:11:52", "text": "in the thing that you're early on and"}, {"start": "00:11:50", "end": "00:11:54", "text": "Wall Street doesn't cover it. That was"}, {"start": "00:11:52", "end": "00:11:56", "text": "his whole theory that was one uping Wall"}, {"start": "00:11:54", "end": "00:11:58", "text": "Street. Well, that's where I believe we"}, {"start": "00:11:56", "end": "00:11:59", "text": "are in crypto. So for all the people"}, {"start": "00:11:58", "end": "00:12:02", "text": "have committed their time where they"}, {"start": "00:11:59", "end": "00:12:04", "text": "understand every token that I put in my"}, {"start": "00:12:02", "end": "00:12:06", "text": "46th name index, they already know what"}, {"start": "00:12:04", "end": "00:12:09", "text": "they are. you have a huge advantage and"}, {"start": "00:12:06", "end": "00:12:10", "text": "the money is enormous on the other side"}, {"start": "00:12:09", "end": "00:12:13", "text": "because the beauty of the crypto"}, {"start": "00:12:10", "end": "00:12:15", "text": "guardrails are the valuation is still $4"}, {"start": "00:12:13", "end": "00:12:16", "text": "trillion compared to 900 trillion of"}, {"start": "00:12:15", "end": "00:12:18", "text": "asset and all of those assets are going"}, {"start": "00:12:16", "end": "00:12:20", "text": "to be tokenized and be on chain. Is it"}, {"start": "00:12:18", "end": "00:12:23", "text": "going to happen tomorrow? No. But you"}, {"start": "00:12:20", "end": "00:12:25", "text": "don't invest in things based on today."}, {"start": "00:12:23", "end": "00:12:27", "text": "You based on their growth. If you come"}, {"start": "00:12:25", "end": "00:12:28", "text": "up with a great idea like Starbucks and"}, {"start": "00:12:27", "end": "00:12:29", "text": "you have one store, you know how they"}, {"start": "00:12:28", "end": "00:12:31", "text": "start to really get excited when you go"}, {"start": "00:12:29", "end": "00:12:33", "text": "to two stores, three stores, four"}, {"start": "00:12:31", "end": "00:12:35", "text": "stores. It's about growth at a very low"}, {"start": "00:12:33", "end": "00:12:37", "text": "level. Everyone that screwed up the"}, {"start": "00:12:35", "end": "00:12:39", "text": "token trade. I wrote a paper on"}, {"start": "00:12:37", "end": "00:12:42", "text": "inference. We talked about Micron almost"}, {"start": "00:12:39", "end": "00:12:44", "text": "all of last year."}, {"start": "00:12:42", "end": "00:12:46", "text": "The smartest people missed it. And they"}, {"start": "00:12:44", "end": "00:12:49", "text": "missed it because they didn't understand"}, {"start": "00:12:46", "end": "00:12:52", "text": "compute. This trade is still the same."}, {"start": "00:12:49", "end": "00:12:54", "text": "You want to be long compute speed. You"}, {"start": "00:12:52", "end": "00:12:56", "text": "want to be long crypto speed. You want"}, {"start": "00:12:54", "end": "00:12:58", "text": "to be short everything that has"}, {"start": "00:12:56", "end": "00:13:00", "text": "friction. My presentation in DC was"}, {"start": "00:12:58", "end": "00:13:02", "text": "about being long speed, short friction."}, {"start": "00:13:00", "end": "00:13:03", "text": "I was saying it to politicians. Ultimate"}, {"start": "00:13:02", "end": "00:13:06", "text": "friction."}, {"start": "00:13:03", "end": "00:13:08", "text": "Why are senior people leaving Google?"}, {"start": "00:13:06", "end": "00:13:10", "text": "Why hasn't Google been able to do what"}, {"start": "00:13:08", "end": "00:13:11", "text": "Anthropic and OpenAI did? Why aren't"}, {"start": "00:13:10", "end": "00:13:14", "text": "people asking that question that the"}, {"start": "00:13:11", "end": "00:13:16", "text": "best AI models are not at companies"}, {"start": "00:13:14", "end": "00:13:19", "text": "worth with the biggest balance sheets?"}, {"start": "00:13:16", "end": "00:13:21", "text": "Anthropic went from 3 billion in"}, {"start": "00:13:19", "end": "00:13:23", "text": "revenues to where it is today. Let's say"}, {"start": "00:13:21", "end": "00:13:25", "text": "80. In the same amount of time, as I"}, {"start": "00:13:23", "end": "00:13:27", "text": "said on stage, the Clarity Act went from"}, {"start": "00:13:25", "end": "00:13:29", "text": "an idea to rejection. In the same amount"}, {"start": "00:13:27", "end": "00:13:31", "text": "of time that Anthropic went up, you want"}, {"start": "00:13:29", "end": "00:13:33", "text": "to be short friction. You want to be"}, {"start": "00:13:31", "end": "00:13:34", "text": "long speed. And we're at that point now"}, {"start": "00:13:33", "end": "00:13:36", "text": "where that is starting to play out. And"}, {"start": "00:13:34", "end": "00:13:37", "text": "I think crypto guardrails and the whole"}, {"start": "00:13:36", "end": "00:13:39", "text": "crypto system, you're going to have a"}, {"start": "00:13:37", "end": "00:13:40", "text": "lot of people knocking on your doors and"}, {"start": "00:13:39", "end": "00:13:42", "text": "this is going to be money that's coming"}, {"start": "00:13:40", "end": "00:13:44", "text": "in. The problem is they don't have"}, {"start": "00:13:42", "end": "00:13:46", "text": "access to it because these funds can't"}, {"start": "00:13:44", "end": "00:13:49", "text": "invest in"}, {"start": "00:13:46", "end": "00:13:50", "text": "these tokens at this point. That'll all"}, {"start": "00:13:49", "end": "00:13:53", "text": "change over time, but what they can"}, {"start": "00:13:50", "end": "00:13:56", "text": "invest in is Ethereum and Bitcoin and"}, {"start": "00:13:53", "end": "00:13:57", "text": "then all of the stocks that are there. I"}, {"start": "00:13:56", "end": "00:13:58", "text": "think you're going to see an evolution"}, {"start": "00:13:57", "end": "00:14:00", "text": "that's going to change next year."}, {"start": "00:13:58", "end": "00:14:01", "text": ">> Today's episode is brought to you by"}, {"start": "00:14:00", "end": "00:14:03", "text": "Arch Public. Arch public has just"}, {"start": "00:14:01", "end": "00:14:05", "text": "expanded its agentic trading platform"}, {"start": "00:14:03", "end": "00:14:07", "text": "beyond crypto. So pay attention. This is"}, {"start": "00:14:05", "end": "00:14:09", "text": "a big one. Now they are automating"}, {"start": "00:14:07", "end": "00:14:11", "text": "strategies across stocks, commodities,"}, {"start": "00:14:09", "end": "00:14:13", "text": "and ETFs. And I think that this is going"}, {"start": "00:14:11", "end": "00:14:14", "text": "to be huge. You can now automatically"}, {"start": "00:14:13", "end": "00:14:16", "text": "take profits when one market hits new"}, {"start": "00:14:14", "end": "00:14:18", "text": "all-time highs and rotate that capital"}, {"start": "00:14:16", "end": "00:14:20", "text": "into other markets showing more"}, {"start": "00:14:18", "end": "00:14:22", "text": "opportunity. Whether you're rotating"}, {"start": "00:14:20", "end": "00:14:23", "text": "capital into AI stocks, gold, if you're"}, {"start": "00:14:22", "end": "00:14:25", "text": "investing in the S&P 500, or you're"}, {"start": "00:14:23", "end": "00:14:27", "text": "accumulating Bitcoin, Arch Public brings"}, {"start": "00:14:25", "end": "00:14:29", "text": "real discipline and automation to your"}, {"start": "00:14:27", "end": "00:14:31", "text": "investment strategy. Additionally,"}, {"start": "00:14:29", "end": "00:14:32", "text": "they've launched a powerful new tax loss"}, {"start": "00:14:31", "end": "00:14:35", "text": "harvesting tool. With crypto being so"}, {"start": "00:14:32", "end": "00:14:37", "text": "volatile and its exemption from the wash"}, {"start": "00:14:35", "end": "00:14:39", "text": "sale rule, Arch Public can offset gains"}, {"start": "00:14:37", "end": "00:14:41", "text": "with losses without compromising your"}, {"start": "00:14:39", "end": "00:14:43", "text": "long-term positions. It's exactly what"}, {"start": "00:14:41", "end": "00:14:44", "text": "every serious investor does."}, {"start": "00:14:43", "end": "00:14:46", "text": "Institutional grade automation that"}, {"start": "00:14:44", "end": "00:14:47", "text": "works across every major asset class."}, {"start": "00:14:46", "end": "00:14:48", "text": "[music] There's no more emotional"}, {"start": "00:14:47", "end": "00:14:51", "text": "trading, no more missing tax"}, {"start": "00:14:48", "end": "00:14:53", "text": "opportunities, just smarter, hands-free"}, {"start": "00:14:51", "end": "00:14:55", "text": "execution of your preferred strategies."}, {"start": "00:14:53", "end": "00:14:57", "text": "Go to archpub.com"}, {"start": "00:14:55", "end": "00:14:58", "text": "right now. Connect with their team. Set"}, {"start": "00:14:57", "end": "00:15:00", "text": "up a time. Bring your accountant if"}, {"start": "00:14:58", "end": "00:15:02", "text": "you'd like. Then you can learn what"}, {"start": "00:15:00", "end": "00:15:03", "text": "automated trading can do for you."}, {"start": "00:15:02", "end": "00:15:07", "text": "archpub.com."}, {"start": "00:15:03", "end": "00:15:08", "text": "This whole idea of uh the AI agents, the"}, {"start": "00:15:07", "end": "00:15:10", "text": "uh ability to use this technology, how"}, {"start": "00:15:08", "end": "00:15:12", "text": "it goes faster, etc. I think a lot of"}, {"start": "00:15:10", "end": "00:15:14", "text": "folks have focused on the intelligence"}, {"start": "00:15:12", "end": "00:15:17", "text": "for raffle reasons is, you know, is it a"}, {"start": "00:15:14", "end": "00:15:19", "text": "130, 140, 150 IQ? How do I get as much"}, {"start": "00:15:17", "end": "00:15:21", "text": "of that as possible by going long"}, {"start": "00:15:19", "end": "00:15:22", "text": "compute? Uh the more people that use the"}, {"start": "00:15:21", "end": "00:15:24", "text": "intelligence, obviously, the more"}, {"start": "00:15:22", "end": "00:15:26", "text": "productive they should become. All that"}, {"start": "00:15:24", "end": "00:15:28", "text": "kind of stuff. But one aspect I don't"}, {"start": "00:15:26", "end": "00:15:29", "text": "hear a lot of people talk about which I"}, {"start": "00:15:28", "end": "00:15:32", "text": "catch myself now I try to be very"}, {"start": "00:15:29", "end": "00:15:36", "text": "conscious of my consumer behaviors"}, {"start": "00:15:32", "end": "00:15:40", "text": "its memory is better than me now and I"}, {"start": "00:15:36", "end": "00:15:42", "text": "find myself telling various agents"}, {"start": "00:15:40", "end": "00:15:45", "text": "remind me tomorrow to do something at"}, {"start": "00:15:42", "end": "00:15:47", "text": "this time put this in your memory and"}, {"start": "00:15:45", "end": "00:15:49", "text": "don't forget it make sure that whenever"}, {"start": "00:15:47", "end": "00:15:54", "text": "you do this task you always remember to"}, {"start": "00:15:49", "end": "00:15:56", "text": "do xyz and it hit me if this thing is"}, {"start": "00:15:54", "end": "00:15:59", "text": "smarter than us and it has better memory"}, {"start": "00:15:56", "end": "00:16:02", "text": "than us. What can it not do? like you"}, {"start": "00:15:59", "end": "00:16:04", "text": "are going to just turn over all of this"}, {"start": "00:16:02", "end": "00:16:06", "text": "stuff to it and everyone wants to talk"}, {"start": "00:16:04", "end": "00:16:08", "text": "about intelligence but the memory"}, {"start": "00:16:06", "end": "00:16:09", "text": "component when you start talking about"}, {"start": "00:16:08", "end": "00:16:12", "text": "finance start talking about financial"}, {"start": "00:16:09", "end": "00:16:14", "text": "data that feels like a huge piece of"}, {"start": "00:16:12", "end": "00:16:15", "text": "this is whenever you talk to someone"}, {"start": "00:16:14", "end": "00:16:16", "text": "smart in finance what do they know they"}, {"start": "00:16:15", "end": "00:16:18", "text": "know history they could tell you"}, {"start": "00:16:16", "end": "00:16:19", "text": "different cycles they could tell you"}, {"start": "00:16:18", "end": "00:16:22", "text": "different you know a catalyst they could"}, {"start": "00:16:19", "end": "00:16:22", "text": "tell you things that triggered sell-offs"}, {"start": "00:16:22", "end": "00:16:23", "text": "all of the stuff and you're like wow"}, {"start": "00:16:22", "end": "00:16:26", "text": "this person's really smart they"}, {"start": "00:16:23", "end": "00:16:29", "text": "understand all this they are no match"}, {"start": "00:16:26", "end": "00:16:31", "text": "for the memory of a financial agent"}, {"start": "00:16:29", "end": "00:16:33", "text": "So th [clears throat] this is where we"}, {"start": "00:16:31", "end": "00:16:34", "text": "start going from the reality of the"}, {"start": "00:16:33", "end": "00:16:36", "text": "importance of enterprise agents and what"}, {"start": "00:16:34", "end": "00:16:38", "text": "we just went through the last year to"}, {"start": "00:16:36", "end": "00:16:40", "text": "consumer agents."}, {"start": "00:16:38", "end": "00:16:43", "text": "So let's separate memory into two"}, {"start": "00:16:40", "end": "00:16:47", "text": "[clears throat] components. I ask chat"}, {"start": "00:16:43", "end": "00:16:50", "text": "GPT uh about how to fix something in my"}, {"start": "00:16:47", "end": "00:16:53", "text": "house. I ask it about some random thing"}, {"start": "00:16:50", "end": "00:16:55", "text": "that happens. Those are things I don't"}, {"start": "00:16:53", "end": "00:16:57", "text": "care about a memory of. And that's"}, {"start": "00:16:55", "end": "00:17:02", "text": "pretty much what you dominate a chatbot"}, {"start": "00:16:57", "end": "00:17:05", "text": "with with Muse and for you Instinct."}, {"start": "00:17:02", "end": "00:17:07", "text": "I use it for everything memory wise. So"}, {"start": "00:17:05", "end": "00:17:08", "text": "like if I'm on a trip now, I can just"}, {"start": "00:17:07", "end": "00:17:10", "text": "take a photo, upload it into Muse. Don't"}, {"start": "00:17:08", "end": "00:17:12", "text": "have to say anything. I just have to go"}, {"start": "00:17:10", "end": "00:17:14", "text": "back at some point and go, \"Hey, just"}, {"start": "00:17:12", "end": "00:17:16", "text": "take everything that I did on that trip,"}, {"start": "00:17:14", "end": "00:17:19", "text": "all the receipts, and put it into a uh"}, {"start": "00:17:16", "end": "00:17:21", "text": "into something for my company, for my"}, {"start": "00:17:19", "end": "00:17:23", "text": "accountant.\" It's there. It has the"}, {"start": "00:17:21", "end": "00:17:25", "text": "memory of everything. Hey, I booked a"}, {"start": "00:17:23", "end": "00:17:26", "text": "trip to so- and so. Can you send me the"}, {"start": "00:17:25", "end": "00:17:29", "text": "details of my trip to LA? And I just did"}, {"start": "00:17:26", "end": "00:17:31", "text": "this with it this morning. It sends me"}, {"start": "00:17:29", "end": "00:17:32", "text": "everything that I booked during the"}, {"start": "00:17:31", "end": "00:17:34", "text": "time, the meetings I have, where I'm"}, {"start": "00:17:32", "end": "00:17:37", "text": "staying, the whole thing. It asks me if"}, {"start": "00:17:34", "end": "00:17:40", "text": "it wants me to put it any place. The me"}, {"start": "00:17:37", "end": "00:17:43", "text": "the personal memory, the Jarvis, you"}, {"start": "00:17:40", "end": "00:17:45", "text": "know, from Iron Man, it exists now. And"}, {"start": "00:17:43", "end": "00:17:46", "text": "so those memories are really important,"}, {"start": "00:17:45", "end": "00:17:48", "text": "but those only come with a consumer"}, {"start": "00:17:46", "end": "00:17:51", "text": "agent where you're actually giving them"}, {"start": "00:17:48", "end": "00:17:54", "text": "access to everything. So, I don't I just"}, {"start": "00:17:51", "end": "00:17:55", "text": "don't think people have until they use a"}, {"start": "00:17:54", "end": "00:17:57", "text": "consumer agent, they don't realize what"}, {"start": "00:17:55", "end": "00:17:59", "text": "just happened. Now, to get back to your"}, {"start": "00:17:57", "end": "00:18:03", "text": "IQ point last week, [snorts] I talked"}, {"start": "00:17:59", "end": "00:18:06", "text": "about the point in situational awareness"}, {"start": "00:18:03", "end": "00:18:09", "text": "on page 71 where it goes parabolic. So"}, {"start": "00:18:06", "end": "00:18:12", "text": "when you watch your children grow up,"}, {"start": "00:18:09", "end": "00:18:14", "text": "like your kids are young,"}, {"start": "00:18:12", "end": "00:18:15", "text": ">> their IQ is not real high at this point"}, {"start": "00:18:14", "end": "00:18:17", "text": "in terms of"}, {"start": "00:18:15", "end": "00:18:19", "text": ">> I know [laughter]"}, {"start": "00:18:17", "end": "00:18:21", "text": ">> my my son still is got a hard time"}, {"start": "00:18:19", "end": "00:18:22", "text": "sometimes slowing himself down. So he"}, {"start": "00:18:21", "end": "00:18:23", "text": "just runs into the wall as the stopping"}, {"start": "00:18:22", "end": "00:18:24", "text": "point."}, {"start": "00:18:23", "end": "00:18:25", "text": ">> And you told me he would try to be"}, {"start": "00:18:24", "end": "00:18:27", "text": "Superman. Like literally tried to be see"}, {"start": "00:18:25", "end": "00:18:28", "text": "if see if he was Superman. Okay."}, {"start": "00:18:27", "end": "00:18:29", "text": ">> Oh, he Yeah."}, {"start": "00:18:28", "end": "00:18:30", "text": ">> Yeah. And it didn't work. Okay."}, {"start": "00:18:29", "end": "00:18:31", "text": ">> A nice scar on his face for a while."}, {"start": "00:18:30", "end": "00:18:35", "text": "[laughter]"}, {"start": "00:18:31", "end": "00:18:37", "text": ">> So here here's the thing. At some point"}, {"start": "00:18:35", "end": "00:18:39", "text": "the intelligence gets to the point where"}, {"start": "00:18:37", "end": "00:18:40", "text": "the kids are really smart and they're"}, {"start": "00:18:39", "end": "00:18:41", "text": "smarter than you, but it takes"}, {"start": "00:18:40", "end": "00:18:43", "text": ">> where we're starting from. There's"}, {"start": "00:18:41", "end": "00:18:45", "text": "there's only [laughter] up to"}, {"start": "00:18:43", "end": "00:18:47", "text": ">> but no matter what it's it's a"}, {"start": "00:18:45", "end": "00:18:49", "text": "progression and it keeps going with the"}, {"start": "00:18:47", "end": "00:18:52", "text": "AI models reaching the point so much has"}, {"start": "00:18:49", "end": "00:18:54", "text": "happened in the last 3 months, two and a"}, {"start": "00:18:52", "end": "00:18:56", "text": "half months. And I'm going to say two"}, {"start": "00:18:54", "end": "00:18:57", "text": "and a half and I'm going to uh preview"}, {"start": "00:18:56", "end": "00:18:59", "text": "something that I'm going to do in my"}, {"start": "00:18:57", "end": "00:19:00", "text": "video this weekend. I [snorts] think"}, {"start": "00:18:59", "end": "00:19:03", "text": "what doesn't get talked about enough"}, {"start": "00:19:00", "end": "00:19:07", "text": "with Muse"}, {"start": "00:19:03", "end": "00:19:11", "text": "Meadow was left for dead in June and on"}, {"start": "00:19:07", "end": "00:19:13", "text": "July 2nd it he had a town hall meeting"}, {"start": "00:19:11", "end": "00:19:14", "text": "or there was a report of a town hall"}, {"start": "00:19:13", "end": "00:19:14", "text": "meeting. Do you remember this?"}, {"start": "00:19:14", "end": "00:19:18", "text": ">> Yeah."}, {"start": "00:19:14", "end": "00:19:19", "text": ">> And and he said the progress on what we"}, {"start": "00:19:18", "end": "00:19:21", "text": "found out later it said AI and like all"}, {"start": "00:19:19", "end": "00:19:23", "text": "the media but it was really their"}, {"start": "00:19:21", "end": "00:19:25", "text": "internal work on agents was not going at"}, {"start": "00:19:23", "end": "00:19:29", "text": "the pace they expected."}, {"start": "00:19:25", "end": "00:19:29", "text": ">> How do you go from that point to Muse in"}, {"start": "00:19:29", "end": "00:19:31", "text": "two months?"}, {"start": "00:19:29", "end": "00:19:32", "text": ">> You want me to tell you how? I'll give"}, {"start": "00:19:31", "end": "00:19:33", "text": "you tell me how and then I'll tell you"}, {"start": "00:19:32", "end": "00:19:37", "text": "the facts."}, {"start": "00:19:33", "end": "00:19:41", "text": ">> I heard that uh he moved his desk over"}, {"start": "00:19:37", "end": "00:19:42", "text": "to the Meta AI team and he sat there and"}, {"start": "00:19:41", "end": "00:19:44", "text": "I've seen him do it before. You know, he"}, {"start": "00:19:42", "end": "00:19:46", "text": "just wore rooms, all stuff, whatever."}, {"start": "00:19:44", "end": "00:19:49", "text": ">> How do you, if you're on that team, not"}, {"start": "00:19:46", "end": "00:19:50", "text": "figure it out when the big boss says,"}, {"start": "00:19:49", "end": "00:19:51", "text": "\"Hey, this is important.\""}, {"start": "00:19:50", "end": "00:19:53", "text": ">> It was from applying pressure. Okay."}, {"start": "00:19:51", "end": "00:19:55", "text": "Yeah. What do you think?"}, {"start": "00:19:53", "end": "00:19:57", "text": ">> Well, I'm going to show exactly what"}, {"start": "00:19:55", "end": "00:19:58", "text": "happened. Now, when I say exactly, I"}, {"start": "00:19:57", "end": "00:20:02", "text": "just want to make sure people know if"}, {"start": "00:19:58", "end": "00:20:05", "text": "you haven't done this before."}, {"start": "00:20:02", "end": "00:20:07", "text": "Ask your LLM to say, \"Hey, I want to"}, {"start": "00:20:05", "end": "00:20:10", "text": "figure out how we could go from this"}, {"start": "00:20:07", "end": "00:20:13", "text": "point to this point, and I want you to"}, {"start": "00:20:10", "end": "00:20:16", "text": "go through every public"}, {"start": "00:20:13", "end": "00:20:18", "text": "announcement by any employee that worked"}, {"start": "00:20:16", "end": "00:20:21", "text": "in that group there, whether it's a in"}, {"start": "00:20:18", "end": "00:20:22", "text": "Reddit, wherever it is.\" And then it"}, {"start": "00:20:21", "end": "00:20:25", "text": "puts together a timeline of the changes."}, {"start": "00:20:22", "end": "00:20:28", "text": "A week after that news story came out,"}, {"start": "00:20:25", "end": "00:20:32", "text": "there was a breakthrough. So the reason"}, {"start": "00:20:28", "end": "00:20:35", "text": "this is important is whatever caused it,"}, {"start": "00:20:32", "end": "00:20:36", "text": "they started releasing new versions of"}, {"start": "00:20:35", "end": "00:20:38", "text": "Muse"}, {"start": "00:20:36", "end": "00:20:40", "text": ">> consistently just like Anthropic does."}, {"start": "00:20:38", "end": "00:20:42", "text": "Like you could see they were making"}, {"start": "00:20:40", "end": "00:20:43", "text": "progress cuz each one they were cuz they"}, {"start": "00:20:42", "end": "00:20:45", "text": "were under pressure. This [snorts] is"}, {"start": "00:20:43", "end": "00:20:48", "text": "the reason why with this consumer agent"}, {"start": "00:20:45", "end": "00:20:50", "text": "point with Instinct and with Meta, you"}, {"start": "00:20:48", "end": "00:20:51", "text": "don't think OpenAI is now racing to get"}, {"start": "00:20:50", "end": "00:20:53", "text": "their agent out because they don't want"}, {"start": "00:20:51", "end": "00:20:56", "text": "to lose the eyeball battle."}, {"start": "00:20:53", "end": "00:20:58", "text": ">> So right now Meta has this advantage,"}, {"start": "00:20:56", "end": "00:20:59", "text": "but we're going to start getting"}, {"start": "00:20:58", "end": "00:21:01", "text": "consumer"}, {"start": "00:20:59", "end": "00:21:02", "text": "consumer agent releases, personal"}, {"start": "00:21:01", "end": "00:21:04", "text": "assistance from everyone now."}, {"start": "00:21:02", "end": "00:21:06", "text": ">> And so so what does a user do? Do they"}, {"start": "00:21:04", "end": "00:21:08", "text": "adopt all of them? Do they just pick one"}, {"start": "00:21:06", "end": "00:21:10", "text": "they like? How do they navigate this uh"}, {"start": "00:21:08", "end": "00:21:14", "text": "onslaught of everyone wants them to use"}, {"start": "00:21:10", "end": "00:21:17", "text": "their agent? This is where I I'm already"}, {"start": "00:21:14", "end": "00:21:21", "text": "locked into Muse. I It's I I my own"}, {"start": "00:21:17", "end": "00:21:23", "text": "experience is unlike an LLM, I've always"}, {"start": "00:21:21", "end": "00:21:25", "text": "used Chat GPT the most except for one"}, {"start": "00:21:23", "end": "00:21:26", "text": "little window when Claude Code went"}, {"start": "00:21:25", "end": "00:21:28", "text": "through it, but then I went right back"}, {"start": "00:21:26", "end": "00:21:32", "text": "to Chat GPT"}, {"start": "00:21:28", "end": "00:21:34", "text": "and I'm still I I like Astra better than"}, {"start": "00:21:32", "end": "00:21:36", "text": "than than But then again, we had two new"}, {"start": "00:21:34", "end": "00:21:39", "text": "releases this week. Opus 5.5 is just"}, {"start": "00:21:36", "end": "00:21:41", "text": "ridiculous. Um, but Muse, it's locked in"}, {"start": "00:21:39", "end": "00:21:42", "text": "because it has all my information now"}, {"start": "00:21:41", "end": "00:21:44", "text": "and it's doing all this work. It's"}, {"start": "00:21:42", "end": "00:21:45", "text": "connected to my emails. It's doing"}, {"start": "00:21:44", "end": "00:21:47", "text": "everything I want and I'm getting used"}, {"start": "00:21:45", "end": "00:21:49", "text": "to it and it's very hard for me to see"}, {"start": "00:21:47", "end": "00:21:50", "text": "that I would change it cuz I haven't run"}, {"start": "00:21:49", "end": "00:21:52", "text": "into anything yet where it made a"}, {"start": "00:21:50", "end": "00:21:54", "text": "mistake or did something wrong. It's"}, {"start": "00:21:52", "end": "00:21:56", "text": "really, really amazing. The reason I"}, {"start": "00:21:54", "end": "00:21:57", "text": "bring it up is as you're going through"}, {"start": "00:21:56", "end": "00:21:59", "text": "this thing and you're thinking about the"}, {"start": "00:21:57", "end": "00:22:01", "text": "importance of agents, you have to get"}, {"start": "00:21:59", "end": "00:22:04", "text": "back to the situational awareness thing."}, {"start": "00:22:01", "end": "00:22:06", "text": "We're at a point where so much"}, {"start": "00:22:04", "end": "00:22:09", "text": "incredible stuff is happening and the"}, {"start": "00:22:06", "end": "00:22:11", "text": "media focuses on oh my god there was a"}, {"start": "00:22:09", "end": "00:22:13", "text": "hacking but at the same time we're"}, {"start": "00:22:11", "end": "00:22:15", "text": "making advancements with Navier Stokes"}, {"start": "00:22:13", "end": "00:22:18", "text": "and then Anthropic comes out with"}, {"start": "00:22:15", "end": "00:22:20", "text": "something on crisper."}, {"start": "00:22:18", "end": "00:22:22", "text": "If you go through X, you'll get 50% of"}, {"start": "00:22:20", "end": "00:22:24", "text": "biologists and people saying, \"This is"}, {"start": "00:22:22", "end": "00:22:26", "text": "BS. They're just releasing this for the"}, {"start": "00:22:24", "end": "00:22:29", "text": "IPO.\" And then I'm going, \"Well, the"}, {"start": "00:22:26", "end": "00:22:32", "text": "only one I care about is the guy who is"}, {"start": "00:22:29", "end": "00:22:35", "text": "in Code Breaker,"}, {"start": "00:22:32", "end": "00:22:37", "text": ">> who is from MIT, who's one of the two"}, {"start": "00:22:35", "end": "00:22:39", "text": "renowned people in Crisper that said,"}, {"start": "00:22:37", "end": "00:22:41", "text": "\"This is amazing. This is a"}, {"start": "00:22:39", "end": "00:22:43", "text": "breakthrough.\" Like, you're never going"}, {"start": "00:22:41", "end": "00:22:45", "text": "to get anything where it's signal. It's"}, {"start": "00:22:43", "end": "00:22:46", "text": "always going to be noise. There's always"}, {"start": "00:22:45", "end": "00:22:48", "text": "going to be half the population says"}, {"start": "00:22:46", "end": "00:22:50", "text": "it's not there. And that's just human"}, {"start": "00:22:48", "end": "00:22:52", "text": "beings. But where is no doubt that for"}, {"start": "00:22:50", "end": "00:22:54", "text": "the next 12 months, if you want to make"}, {"start": "00:22:52", "end": "00:22:57", "text": "money, you're going to have to make it"}, {"start": "00:22:54", "end": "00:22:59", "text": "on compute and on the guard rails for"}, {"start": "00:22:57", "end": "00:23:00", "text": "these agents because how many deals did"}, {"start": "00:22:59", "end": "00:23:02", "text": "Muse do this week with Shopify,"}, {"start": "00:23:00", "end": "00:23:04", "text": "Instacart, like it's just growing."}, {"start": "00:23:02", "end": "00:23:06", "text": "PayPal, everything is happening. So, I"}, {"start": "00:23:04", "end": "00:23:08", "text": "think this is the critical point where"}, {"start": "00:23:06", "end": "00:23:10", "text": "the IQ has reached a level where we're"}, {"start": "00:23:08", "end": "00:23:11", "text": "at recursive self-improvement and every"}, {"start": "00:23:10", "end": "00:23:14", "text": "month is going to be another month of"}, {"start": "00:23:11", "end": "00:23:16", "text": "just advancements."}, {"start": "00:23:14", "end": "00:23:19", "text": ">> What happens when Muse gets blocked by"}, {"start": "00:23:16", "end": "00:23:22", "text": "Amazon? which I think just happened and"}, {"start": "00:23:19", "end": "00:23:26", "text": "you want to use one. It has all your"}, {"start": "00:23:22", "end": "00:23:28", "text": "information, but a very key use case for"}, {"start": "00:23:26", "end": "00:23:29", "text": "that agent gets cut off, not because"}, {"start": "00:23:28", "end": "00:23:32", "text": "they made a mistake or anything, but"}, {"start": "00:23:29", "end": "00:23:34", "text": "because a competitor is trying to"}, {"start": "00:23:32", "end": "00:23:35", "text": "introduce that friction, reduce speed."}, {"start": "00:23:34", "end": "00:23:36", "text": ">> Mh."}, {"start": "00:23:35", "end": "00:23:39", "text": ">> Do you then have to go and adopt"}, {"start": "00:23:36", "end": "00:23:41", "text": "Amazon's agent? Or do you think it's a"}, {"start": "00:23:39", "end": "00:23:44", "text": "world where your Muse agent will then"}, {"start": "00:23:41", "end": "00:23:45", "text": "talk to an Amazon agent and that"}, {"start": "00:23:44", "end": "00:23:47", "text": "communication would be the same thing as"}, {"start": "00:23:45", "end": "00:23:48", "text": "you as a human going to the website, but"}, {"start": "00:23:47", "end": "00:23:49", "text": "now they're just going to create their"}, {"start": "00:23:48", "end": "00:23:52", "text": "own agent and agent to agent"}, {"start": "00:23:49", "end": "00:23:55", "text": "communication. I again I I think the"}, {"start": "00:23:52", "end": "00:23:58", "text": "issue is going to come you can't stop"}, {"start": "00:23:55", "end": "00:24:02", "text": "this like I I think when um Android came"}, {"start": "00:23:58", "end": "00:24:05", "text": "out verse Apple and you're trying to"}, {"start": "00:24:02", "end": "00:24:07", "text": "figure out can you use Uber on Android"}, {"start": "00:24:05", "end": "00:24:08", "text": "eventually or could I mean I think the"}, {"start": "00:24:07", "end": "00:24:10", "text": "friction they'll try to do whatever they"}, {"start": "00:24:08", "end": "00:24:12", "text": "can I think Amazon and they're all"}, {"start": "00:24:10", "end": "00:24:15", "text": "competing but in the end I don't see how"}, {"start": "00:24:12", "end": "00:24:18", "text": "to go will instinct be allowed to use"}, {"start": "00:24:15", "end": "00:24:20", "text": "all of them I mean I I I just don't see"}, {"start": "00:24:18", "end": "00:24:22", "text": "if Amazon wants to lose business because"}, {"start": "00:24:20", "end": "00:24:25", "text": "everyone's on Muse and everyone starts"}, {"start": "00:24:22", "end": "00:24:29", "text": "using Shopify or starts using Instacart"}, {"start": "00:24:25", "end": "00:24:31", "text": "instead of Amazon, then it'll just drive"}, {"start": "00:24:29", "end": "00:24:32", "text": "markets other places. So, it's not that"}, {"start": "00:24:31", "end": "00:24:34", "text": "they're going to end these things. I"}, {"start": "00:24:32", "end": "00:24:35", "text": "think in the end, uh they've got"}, {"start": "00:24:34", "end": "00:24:36", "text": "shareholders and if they take a"}, {"start": "00:24:35", "end": "00:24:38", "text": "decision, then it's like, okay, we're"}, {"start": "00:24:36", "end": "00:24:40", "text": "going to we're going to enter our own"}, {"start": "00:24:38", "end": "00:24:42", "text": "one and because we have the Amazon"}, {"start": "00:24:40", "end": "00:24:44", "text": "world, we're going to dominate. And then"}, {"start": "00:24:42", "end": "00:24:46", "text": "you've got Apple and Apple's going to"}, {"start": "00:24:44", "end": "00:24:48", "text": "have Siri. They're all I mean, this is"}, {"start": "00:24:46", "end": "00:24:50", "text": "going to be like a growing uh agentic"}, {"start": "00:24:48", "end": "00:24:52", "text": "side. I just don't see how they can"}, {"start": "00:24:50", "end": "00:24:54", "text": "block things off because then they're"}, {"start": "00:24:52", "end": "00:24:57", "text": "choosing silos and they're limiting the"}, {"start": "00:24:54", "end": "00:24:58", "text": "ability of controlling a lot of it and I"}, {"start": "00:24:57", "end": "00:25:00", "text": "just don't see how this is going to be"}, {"start": "00:24:58", "end": "00:25:01", "text": "anything more than the initial days and"}, {"start": "00:25:00", "end": "00:25:04", "text": "how they're dealing with this. I think"}, {"start": "00:25:01", "end": "00:25:05", "text": "in the end it's just going to be divvied"}, {"start": "00:25:04", "end": "00:25:07", "text": "up."}, {"start": "00:25:05", "end": "00:25:08", "text": ">> It's fascinating to think about Black"}, {"start": "00:25:07", "end": "00:25:12", "text": "Rockck. They came out with a paper this"}, {"start": "00:25:08", "end": "00:25:13", "text": "week talking about AI and um crypto."}, {"start": "00:25:12", "end": "00:25:16", "text": "Thank you for listening to the podcast"}, {"start": "00:25:13", "end": "00:25:17", "text": "the last [laughter] six months. Um I I"}, {"start": "00:25:16", "end": "00:25:20", "text": "thought that it was fantastically uh"}, {"start": "00:25:17", "end": "00:25:22", "text": "written or very well done. Um"}, {"start": "00:25:20", "end": "00:25:24", "text": ">> I would say 90% of it is very similar"}, {"start": "00:25:22", "end": "00:25:26", "text": "things that you've been talking about."}, {"start": "00:25:24", "end": "00:25:27", "text": "Uh there is 10 or 15% though in there"}, {"start": "00:25:26", "end": "00:25:29", "text": "that I think they kind of have different"}, {"start": "00:25:27", "end": "00:25:30", "text": "viewpoints and some of it maybe because"}, {"start": "00:25:29", "end": "00:25:32", "text": "they're coming from more of a financial"}, {"start": "00:25:30", "end": "00:25:35", "text": "mindset and a traditional finance. Um"}, {"start": "00:25:32", "end": "00:25:38", "text": "but what I think people look back on the"}, {"start": "00:25:35", "end": "00:25:41", "text": "Bitcoin ETFs, the ETF was important, but"}, {"start": "00:25:38", "end": "00:25:43", "text": "the ETF really only happened once Uncle"}, {"start": "00:25:41", "end": "00:25:46", "text": "Larry said, \"I'm ready to do an ETF.\""}, {"start": "00:25:43", "end": "00:25:48", "text": "And then somehow it all got approved."}, {"start": "00:25:46", "end": "00:25:49", "text": ">> Black Rockck writing the paper, there's"}, {"start": "00:25:48", "end": "00:25:51", "text": "a lot of papers that have been written"}, {"start": "00:25:49", "end": "00:25:52", "text": "about Bitcoin or crypto and AI."}, {"start": "00:25:51", "end": "00:25:54", "text": ">> Y,"}, {"start": "00:25:52", "end": "00:25:56", "text": ">> but Black Rockck writing it again kind"}, {"start": "00:25:54", "end": "00:25:59", "text": "of is like, oh, okay, the adults in the"}, {"start": "00:25:56", "end": "00:26:01", "text": "room also agree now. Now it is for real."}, {"start": "00:25:59", "end": "00:26:03", "text": "It feels like a contrarian viewpoint"}, {"start": "00:26:01", "end": "00:26:05", "text": "that just literally with the release of"}, {"start": "00:26:03", "end": "00:26:07", "text": "one paper goes from contrarian to"}, {"start": "00:26:05", "end": "00:26:09", "text": "consensus. Do you agree?"}, {"start": "00:26:07", "end": "00:26:11", "text": ">> Um, yeah. I think there was a targeted"}, {"start": "00:26:09", "end": "00:26:12", "text": "reason for the release though too based"}, {"start": "00:26:11", "end": "00:26:16", "text": "on the fact that in the same week they"}, {"start": "00:26:12", "end": "00:26:18", "text": "also put three funds on chain. So"}, {"start": "00:26:16", "end": "00:26:20", "text": ">> Oh, they have an agenda."}, {"start": "00:26:18", "end": "00:26:21", "text": ">> Yeah. Well, yeah, an agenda is the"}, {"start": "00:26:20", "end": "00:26:23", "text": "right. They have a business and I think"}, {"start": "00:26:21", "end": "00:26:24", "text": "they're selling what they're doing and"}, {"start": "00:26:23", "end": "00:26:25", "text": "they're ahead of"}, {"start": "00:26:24", "end": "00:26:28", "text": ">> the banks. Yeah."}, {"start": "00:26:25", "end": "00:26:30", "text": ">> So, uh they're trying to stay ahead on"}, {"start": "00:26:28", "end": "00:26:33", "text": "this just like Amazon's trying to not"}, {"start": "00:26:30", "end": "00:26:34", "text": "fall behind to Meta and Open AI. I mean,"}, {"start": "00:26:33", "end": "00:26:37", "text": "at the end of the day, the speed of"}, {"start": "00:26:34", "end": "00:26:39", "text": "change is going so rapidly and inside"}, {"start": "00:26:37", "end": "00:26:41", "text": "these walls, you have a lot to lose. So,"}, {"start": "00:26:39", "end": "00:26:44", "text": "on the flip side, when whenever I use"}, {"start": "00:26:41", "end": "00:26:45", "text": "Michael Sailor's line of [snorts] you"}, {"start": "00:26:44", "end": "00:26:47", "text": "don't find Bitcoin, Bitcoin finds you,"}, {"start": "00:26:45", "end": "00:26:49", "text": "which is a reference to the fact that"}, {"start": "00:26:47", "end": "00:26:52", "text": "until you actually need Bitcoin, you're"}, {"start": "00:26:49", "end": "00:26:54", "text": "not going to care. I think the same"}, {"start": "00:26:52", "end": "00:26:56", "text": "thing happens with AI. I think every"}, {"start": "00:26:54", "end": "00:26:58", "text": "time something happens in artificial"}, {"start": "00:26:56", "end": "00:27:00", "text": "intelligence, there's a fear of the SAS"}, {"start": "00:26:58", "end": "00:27:01", "text": "apocalypse in in in your name or"}, {"start": "00:27:00", "end": "00:27:03", "text": "whatever. And we see this time and time"}, {"start": "00:27:01", "end": "00:27:05", "text": "again where something will fall 30, 40,"}, {"start": "00:27:03", "end": "00:27:07", "text": "50%. A lot of the software names have"}, {"start": "00:27:05", "end": "00:27:09", "text": "not come back. And like I said with"}, {"start": "00:27:07", "end": "00:27:11", "text": "Salesforce, Salesforce has bounced, but"}, {"start": "00:27:09", "end": "00:27:14", "text": "it's still down 10% year-to- date and"}, {"start": "00:27:11", "end": "00:27:16", "text": "it's down 15% over the last 5 years. Um,"}, {"start": "00:27:14", "end": "00:27:19", "text": "is that good? That's that's not"}, {"start": "00:27:16", "end": "00:27:21", "text": "something you want to invest in. Um, and"}, {"start": "00:27:19", "end": "00:27:22", "text": "again, Bitcoin is down significantly"}, {"start": "00:27:21", "end": "00:27:24", "text": "from the highs. So, you can make the"}, {"start": "00:27:22", "end": "00:27:27", "text": "argument if you just pick this cherry"}, {"start": "00:27:24", "end": "00:27:28", "text": "pick this this point of time. Um, I I I"}, {"start": "00:27:27", "end": "00:27:30", "text": "think this is going to be a"}, {"start": "00:27:28", "end": "00:27:31", "text": "disruptionfilled point and I think"}, {"start": "00:27:30", "end": "00:27:33", "text": "everyone's trying to get the jump on"}, {"start": "00:27:31", "end": "00:27:37", "text": "anyone. BlackRock has a huge advantage"}, {"start": "00:27:33", "end": "00:27:39", "text": "as some place that people trust from a"}, {"start": "00:27:37", "end": "00:27:43", "text": "asset manager perspective that has"}, {"start": "00:27:39", "end": "00:27:45", "text": "already made this big commitment to"}, {"start": "00:27:43", "end": "00:27:47", "text": "crypto, but they don't. I mean,"}, {"start": "00:27:45", "end": "00:27:49", "text": "Fidelity's there, Franklin Templeton's"}, {"start": "00:27:47", "end": "00:27:51", "text": "there. It's not like they're the only"}, {"start": "00:27:49", "end": "00:27:54", "text": "ones. Uh I think the entire side is"}, {"start": "00:27:51", "end": "00:27:55", "text": "trying to drive the Morgan Stanley's,"}, {"start": "00:27:54", "end": "00:27:57", "text": "the Bank Americans, the Goldman Sachs to"}, {"start": "00:27:55", "end": "00:27:58", "text": "make sure that they're focused on it and"}, {"start": "00:27:57", "end": "00:28:00", "text": "they didn't really get focused on it"}, {"start": "00:27:58", "end": "00:28:03", "text": "honestly until what the last year maybe"}, {"start": "00:28:00", "end": "00:28:05", "text": "the last it's been this year that they"}, {"start": "00:28:03", "end": "00:28:07", "text": "were kind of forced into it. So there is"}, {"start": "00:28:05", "end": "00:28:08", "text": "a fear of missing out and that's the"}, {"start": "00:28:07", "end": "00:28:10", "text": "other part of the FOMO when you really"}, {"start": "00:28:08", "end": "00:28:11", "text": "look and you don't think about the"}, {"start": "00:28:10", "end": "00:28:13", "text": "charts or you don't think about anything"}, {"start": "00:28:11", "end": "00:28:16", "text": "like what's happened this year in"}, {"start": "00:28:13", "end": "00:28:18", "text": "crypto."}, {"start": "00:28:16", "end": "00:28:19", "text": "A lot's gone on. I know people don't"}, {"start": "00:28:18", "end": "00:28:22", "text": "like the word crypto. It's amazing to"}, {"start": "00:28:19", "end": "00:28:25", "text": "me. I like I like provoking uh anger in"}, {"start": "00:28:22", "end": "00:28:27", "text": "people. They were digital assets."}, {"start": "00:28:25", "end": "00:28:29", "text": "I was talking to someone yesterday who"}, {"start": "00:28:27", "end": "00:28:31", "text": "you had on who you connected us with who"}, {"start": "00:28:29", "end": "00:28:33", "text": "I brought up NFTTS like what's a bad"}, {"start": "00:28:31", "end": "00:28:35", "text": "word. Yeah, I get it. What do you want"}, {"start": "00:28:33", "end": "00:28:36", "text": "to call it? I was like digital assets."}, {"start": "00:28:35", "end": "00:28:38", "text": "Everything's a digital asset now. It's"}, {"start": "00:28:36", "end": "00:28:39", "text": "acceptable. So, I think the whole"}, {"start": "00:28:38", "end": "00:28:41", "text": "industry is in a chase mode and I just"}, {"start": "00:28:39", "end": "00:28:43", "text": "think Black Rockck has the biggest"}, {"start": "00:28:41", "end": "00:28:45", "text": "audience and the easiest time to do this"}, {"start": "00:28:43", "end": "00:28:47", "text": "stuff. Today's episode is brought to you"}, {"start": "00:28:45", "end": "00:28:49", "text": "by Galaxy 1. A lot of people got their"}, {"start": "00:28:47", "end": "00:28:51", "text": "money working for them, but the question"}, {"start": "00:28:49", "end": "00:28:53", "text": "now, how hard is it working? Well, the"}, {"start": "00:28:51", "end": "00:28:54", "text": "folks over at Galaxy 1, they're taking a"}, {"start": "00:28:53", "end": "00:28:58", "text": "very different approach. [music]"}, {"start": "00:28:54", "end": "00:29:01", "text": "Everyone earns 3.5% APY using Galaxy 1"}, {"start": "00:28:58", "end": "00:29:02", "text": "Cash. And if you make over $200,000 a"}, {"start": "00:29:01", "end": "00:29:04", "text": "year, that means you're probably an"}, {"start": "00:29:02", "end": "00:29:07", "text": "accredited investor. And then you can"}, {"start": "00:29:04", "end": "00:29:10", "text": "earn up to 8% on your cash guaranteed by"}, {"start": "00:29:07", "end": "00:29:11", "text": "Galaxy Digital. The best part though is"}, {"start": "00:29:10", "end": "00:29:13", "text": "that you can actually set it so that"}, {"start": "00:29:11", "end": "00:29:16", "text": "your yield immediately is reinvested"}, {"start": "00:29:13", "end": "00:29:18", "text": "into your favorite stocks, crypto, or"}, {"start": "00:29:16", "end": "00:29:19", "text": "ETFs. You don't got to think about it"}, {"start": "00:29:18", "end": "00:29:20", "text": "every single month. It just"}, {"start": "00:29:19", "end": "00:29:23", "text": "automatically does it for you. That's"}, {"start": "00:29:20", "end": "00:29:24", "text": "why I love Galaxy 1. So, if your cash"}, {"start": "00:29:23", "end": "00:29:26", "text": "isn't working as hard as you are, then"}, {"start": "00:29:24", "end": "00:29:28", "text": "it's time to make a move. Check out the"}, {"start": "00:29:26", "end": "00:29:30", "text": "link in the description and start"}, {"start": "00:29:28", "end": "00:29:32", "text": "earning today. Today's episode is"}, {"start": "00:29:30", "end": "00:29:33", "text": "brought to you by Uphold. Are you"}, {"start": "00:29:32", "end": "00:29:35", "text": "someone who's tired of juggling multiple"}, {"start": "00:29:33", "end": "00:29:37", "text": "apps just to trade, earn, stake, or"}, {"start": "00:29:35", "end": "00:29:39", "text": "spend your crypto? Then listen up"}, {"start": "00:29:37", "end": "00:29:42", "text": "because Uphold does all of that in one"}, {"start": "00:29:39", "end": "00:29:44", "text": "single unified platform. You can access"}, {"start": "00:29:42", "end": "00:29:46", "text": "300 plus crypto and fiat currencies with"}, {"start": "00:29:44", "end": "00:29:48", "text": "an interface that works for you whether"}, {"start": "00:29:46", "end": "00:29:50", "text": "you're a beginner or an expert. Uphold"}, {"start": "00:29:48", "end": "00:29:53", "text": "also [music] features any to any swaps"}, {"start": "00:29:50", "end": "00:29:55", "text": "where you can swap crypto to fiat, fiat"}, {"start": "00:29:53", "end": "00:29:57", "text": "to metals, and tokens to tokens directly"}, {"start": "00:29:55", "end": "00:29:59", "text": "in the app. If you prefer self-custody,"}, {"start": "00:29:57", "end": "00:30:02", "text": "Uphold's vault gives you multi-stick"}, {"start": "00:29:59", "end": "00:30:04", "text": "security, key recovery, direct trading"}, {"start": "00:30:02", "end": "00:30:06", "text": "access, and peace of mind without giving"}, {"start": "00:30:04", "end": "00:30:08", "text": "up convenience. Uphold is also 100%"}, {"start": "00:30:06", "end": "00:30:10", "text": "reserved, meaning no fractional"}, {"start": "00:30:08", "end": "00:30:12", "text": "practices and proof of reserves are"}, {"start": "00:30:10", "end": "00:30:14", "text": "updated every 30 seconds, so you can"}, {"start": "00:30:12", "end": "00:30:16", "text": "verify your assets anytime. For US"}, {"start": "00:30:14", "end": "00:30:18", "text": "users, you can even earn yield on"}, {"start": "00:30:16", "end": "00:30:20", "text": "dollars with the USD interest account."}, {"start": "00:30:18", "end": "00:30:23", "text": "No fees, no minimums, and funds are"}, {"start": "00:30:20", "end": "00:30:26", "text": "insured up to $2.5 million through the"}, {"start": "00:30:23", "end": "00:30:28", "text": "Atomic Cash Suite program. If you want"}, {"start": "00:30:26", "end": "00:30:30", "text": "one app for your entire digital asset"}, {"start": "00:30:28", "end": "00:30:34", "text": "life, check out Uphold today. Go to"}, {"start": "00:30:30", "end": "00:30:36", "text": "uphold.com to learn more. Uphold.com."}, {"start": "00:30:34", "end": "00:30:38", "text": "[music] Go check them out today. Last"}, {"start": "00:30:36", "end": "00:30:40", "text": "week we talked a lot about the agents"}, {"start": "00:30:38", "end": "00:30:42", "text": "and uh a number of things that now I"}, {"start": "00:30:40", "end": "00:30:45", "text": "think are moving rapidly in a matter of"}, {"start": "00:30:42", "end": "00:30:49", "text": "weeks from contrarian to consensus. Uh"}, {"start": "00:30:45", "end": "00:30:51", "text": "on Monday, Meta gapped up almost 15% or"}, {"start": "00:30:49", "end": "00:30:52", "text": "so. Uh I don't know if we get a pat on"}, {"start": "00:30:51", "end": "00:30:55", "text": "the back. Maybe we get like a little"}, {"start": "00:30:52", "end": "00:30:57", "text": "golf clap, right? Um what is your"}, {"start": "00:30:55", "end": "00:30:58", "text": "thought process on like okay, we know"}, {"start": "00:30:57", "end": "00:31:00", "text": "the consumer agents are going to become"}, {"start": "00:30:58", "end": "00:31:02", "text": "a thing. People are already adopting"}, {"start": "00:31:00", "end": "00:31:03", "text": "them. You and I are adopting them. We're"}, {"start": "00:31:02", "end": "00:31:06", "text": "using them very aggressively. What does"}, {"start": "00:31:03", "end": "00:31:07", "text": "that mean for the companies? Black"}, {"start": "00:31:06", "end": "00:31:09", "text": "Rockck's talking about this. Meta's"}, {"start": "00:31:07", "end": "00:31:11", "text": "building this. Like, do all of these"}, {"start": "00:31:09", "end": "00:31:13", "text": "companies actually see it flow through"}, {"start": "00:31:11", "end": "00:31:15", "text": "to performance and ultimately higher"}, {"start": "00:31:13", "end": "00:31:18", "text": "stock prices, or is there maybe a period"}, {"start": "00:31:15", "end": "00:31:20", "text": "of time where there's tons of adoption,"}, {"start": "00:31:18", "end": "00:31:21", "text": "but stock prices don't really reflect"}, {"start": "00:31:20", "end": "00:31:24", "text": "that until they can show that they can"}, {"start": "00:31:21", "end": "00:31:29", "text": "actually monetize these services?"}, {"start": "00:31:24", "end": "00:31:31", "text": "I think the market on Monday uh set a"}, {"start": "00:31:29", "end": "00:31:34", "text": "very similar framework to what happened"}, {"start": "00:31:31", "end": "00:31:36", "text": "with semiconductors saying oh my god the"}, {"start": "00:31:34", "end": "00:31:39", "text": "agent world started today how do we make"}, {"start": "00:31:36", "end": "00:31:42", "text": "money off agents"}, {"start": "00:31:39", "end": "00:31:45", "text": "I think the disappointment will come and"}, {"start": "00:31:42", "end": "00:31:47", "text": "again how you measure the monetary"}, {"start": "00:31:45", "end": "00:31:48", "text": "benefits to Meta well now they get the"}, {"start": "00:31:47", "end": "00:31:50", "text": "benefit of the doubt because they have"}, {"start": "00:31:48", "end": "00:31:53", "text": "this growth engine so if you can find"}, {"start": "00:31:50", "end": "00:31:55", "text": "anything positive in there it offsets"}, {"start": "00:31:53", "end": "00:31:57", "text": "the debt that they've been taking the"}, {"start": "00:31:55", "end": "00:31:59", "text": "fact that the Mag 7 broke to all-time"}, {"start": "00:31:57", "end": "00:32:01", "text": "highs on the same day. And last week I"}, {"start": "00:31:59", "end": "00:32:04", "text": "did talk about the fact and I did on my"}, {"start": "00:32:01", "end": "00:32:07", "text": "my my weekend show that the Mag 7 all"}, {"start": "00:32:04", "end": "00:32:10", "text": "benefit from the agentic side in some"}, {"start": "00:32:07", "end": "00:32:13", "text": "way. I mean Amazon has Alexa, Apple has"}, {"start": "00:32:10", "end": "00:32:14", "text": "Siri, Google has Gemini. Like they're"}, {"start": "00:32:13", "end": "00:32:16", "text": "all ways that you're going to benefit on"}, {"start": "00:32:14", "end": "00:32:18", "text": "this by having a personal assistant. I"}, {"start": "00:32:16", "end": "00:32:21", "text": "mean for Muse, imagine if Google said,"}, {"start": "00:32:18", "end": "00:32:23", "text": "\"I'm not you can't access my"}, {"start": "00:32:21", "end": "00:32:25", "text": "my account.\" I I it would it would be"}, {"start": "00:32:23", "end": "00:32:28", "text": "very very difficult to to go through."}, {"start": "00:32:25", "end": "00:32:30", "text": "Now Muse can absolutely help me with"}, {"start": "00:32:28", "end": "00:32:31", "text": "Amazon because they just sign in under"}, {"start": "00:32:30", "end": "00:32:32", "text": "my name and go through it. And that's"}, {"start": "00:32:31", "end": "00:32:34", "text": "the beauty of like, well, how do you"}, {"start": "00:32:32", "end": "00:32:36", "text": "know it's not me? You can't buy things"}, {"start": "00:32:34", "end": "00:32:37", "text": "then. Okay, great. But can you do the"}, {"start": "00:32:36", "end": "00:32:38", "text": "research and tell me what I should look"}, {"start": "00:32:37", "end": "00:32:40", "text": "for and go through it? That is one of"}, {"start": "00:32:38", "end": "00:32:43", "text": "the powers of Muse, by the way. people"}, {"start": "00:32:40", "end": "00:32:45", "text": "haven't used it. If you're taking a trip"}, {"start": "00:32:43", "end": "00:32:48", "text": "and you want to go find restaurants in a"}, {"start": "00:32:45", "end": "00:32:50", "text": "city, one of the things I hate the most"}, {"start": "00:32:48", "end": "00:32:53", "text": "about the way search works is when you"}, {"start": "00:32:50", "end": "00:32:55", "text": "type that in, you get whatever papers"}, {"start": "00:32:53", "end": "00:32:57", "text": "and advertisers have been paid to do"}, {"start": "00:32:55", "end": "00:32:57", "text": "that. When you use Muse, you you you"}, {"start": "00:32:57", "end": "00:33:00", "text": ">> get the answer."}, {"start": "00:32:57", "end": "00:33:01", "text": ">> You get the answer. Um, so I I think the"}, {"start": "00:33:00", "end": "00:33:03", "text": "the marketing"}, {"start": "00:33:01", "end": "00:33:05", "text": ">> You're saying Muse is a filter?"}, {"start": "00:33:03", "end": "00:33:07", "text": ">> Uh, to a to a degree. That's it's it's"}, {"start": "00:33:05", "end": "00:33:09", "text": "it's really hurting. I I don't"}, {"start": "00:33:07", "end": "00:33:10", "text": "understand still the advertising side."}, {"start": "00:33:09", "end": "00:33:12", "text": "So I don't understand this whole thing"}, {"start": "00:33:10", "end": "00:33:13", "text": "of people being excited about ads"}, {"start": "00:33:12", "end": "00:33:16", "text": "personally. I just"}, {"start": "00:33:13", "end": "00:33:18", "text": ">> ads in inmuse"}, {"start": "00:33:16", "end": "00:33:21", "text": ">> like anything regarding ads. When I hear"}, {"start": "00:33:18", "end": "00:33:23", "text": "consumer agents"}, {"start": "00:33:21", "end": "00:33:26", "text": "I I'm thinking that agents will be"}, {"start": "00:33:23", "end": "00:33:27", "text": "making decisions with no preferences. I"}, {"start": "00:33:26", "end": "00:33:30", "text": "don't know why people don't understand"}, {"start": "00:33:27", "end": "00:33:32", "text": "this. Like human beings"}, {"start": "00:33:30", "end": "00:33:34", "text": "McDonald's putting a a photo of a"}, {"start": "00:33:32", "end": "00:33:36", "text": "burger. No offense to anyone listening"}, {"start": "00:33:34", "end": "00:33:39", "text": "from McDonald's but I don't eat"}, {"start": "00:33:36", "end": "00:33:40", "text": "McDonald's. And so when I see a photo I"}, {"start": "00:33:39", "end": "00:33:43", "text": "know and they try to make it look good."}, {"start": "00:33:40", "end": "00:33:45", "text": ">> It's best restaurant in America."}, {"start": "00:33:43", "end": "00:33:47", "text": ">> It definitely controls a lot of the food"}, {"start": "00:33:45", "end": "00:33:49", "text": "supply in the country. Um"}, {"start": "00:33:47", "end": "00:33:50", "text": ">> based"}, {"start": "00:33:49", "end": "00:33:52", "text": "what is an AI agent going to make"}, {"start": "00:33:50", "end": "00:33:54", "text": "decisions on? They're going to make them"}, {"start": "00:33:52", "end": "00:33:55", "text": "based on price, reviews, all of these"}, {"start": "00:33:54", "end": "00:33:57", "text": "different things, but it's not going to"}, {"start": "00:33:55", "end": "00:33:59", "text": "be based on advertising. So maybe that's"}, {"start": "00:33:57", "end": "00:34:00", "text": "not today, but eventually it is. So when"}, {"start": "00:33:59", "end": "00:34:02", "text": "I hear people talk about consumer"}, {"start": "00:34:00", "end": "00:34:04", "text": "behavior, I think the agent side is"}, {"start": "00:34:02", "end": "00:34:06", "text": "still going to be compute. So for"}, {"start": "00:34:04", "end": "00:34:09", "text": "everyone who's like worried about"}, {"start": "00:34:06", "end": "00:34:13", "text": "semiconductors and stuff, watch this"}, {"start": "00:34:09", "end": "00:34:14", "text": "Sunday when I show you where we are. The"}, {"start": "00:34:13", "end": "00:34:16", "text": "compute needs just went up"}, {"start": "00:34:14", "end": "00:34:19", "text": "exponentially."}, {"start": "00:34:16", "end": "00:34:23", "text": "Remember Meta has built a huge data"}, {"start": "00:34:19", "end": "00:34:25", "text": "center in in in Louisiana. Why?"}, {"start": "00:34:23", "end": "00:34:26", "text": "They're not selling the compute."}, {"start": "00:34:25", "end": "00:34:28", "text": "Remember that was the story back in"}, {"start": "00:34:26", "end": "00:34:30", "text": "June. Also, they didn't sell any."}, {"start": "00:34:28", "end": "00:34:31", "text": "They're not doing what they actually"}, {"start": "00:34:30", "end": "00:34:33", "text": "have a need for it. Why do they have a"}, {"start": "00:34:31", "end": "00:34:35", "text": "need for it? because of their consumer"}, {"start": "00:34:33", "end": "00:34:36", "text": "agents and at some point this week there"}, {"start": "00:34:35", "end": "00:34:38", "text": "was a weight list where you couldn't get"}, {"start": "00:34:36", "end": "00:34:39", "text": "on just like it was for Instinct. So I"}, {"start": "00:34:38", "end": "00:34:40", "text": "think consumer agents is going to lead"}, {"start": "00:34:39", "end": "00:34:43", "text": "to enormous amount of compute. I do"}, {"start": "00:34:40", "end": "00:34:44", "text": "think there'll be a buzz trade for MAG 7"}, {"start": "00:34:43", "end": "00:34:46", "text": "and things like that. I don't think"}, {"start": "00:34:44", "end": "00:34:47", "text": "they're going to outperform the S&P. I"}, {"start": "00:34:46", "end": "00:34:49", "text": "think they'll [snorts] outperform small"}, {"start": "00:34:47", "end": "00:34:51", "text": "caps as people get panicked because of"}, {"start": "00:34:49", "end": "00:34:52", "text": "rates and because of oil. But in the end"}, {"start": "00:34:51", "end": "00:34:53", "text": "I do think that you can make money off"}, {"start": "00:34:52", "end": "00:34:55", "text": "this. But I think the place where you"}, {"start": "00:34:53", "end": "00:34:57", "text": "want to go and what are the agents"}, {"start": "00:34:55", "end": "00:34:59", "text": "using? They're using crypto. What do"}, {"start": "00:34:57", "end": "00:35:02", "text": "they need? They need compute. Those are"}, {"start": "00:34:59", "end": "00:35:04", "text": "the trades. Are you telling me that"}, {"start": "00:35:02", "end": "00:35:06", "text": "there's going to be zero ability to"}, {"start": "00:35:04", "end": "00:35:08", "text": "create like a cute agent that can flirt"}, {"start": "00:35:06", "end": "00:35:09", "text": "with somebody else's agent to get a"}, {"start": "00:35:08", "end": "00:35:10", "text": "sale? That's not going to be a thing."}, {"start": "00:35:09", "end": "00:35:11", "text": ">> It's not going to be a thing."}, {"start": "00:35:10", "end": "00:35:14", "text": ">> All right. Well, there's some businesses"}, {"start": "00:35:11", "end": "00:35:16", "text": "that going to be in trouble there. Um,"}, {"start": "00:35:14", "end": "00:35:19", "text": "when you think through everything that's"}, {"start": "00:35:16", "end": "00:35:21", "text": "happening in the product side, one"}, {"start": "00:35:19", "end": "00:35:23", "text": "aspect that I think people are starting"}, {"start": "00:35:21", "end": "00:35:26", "text": "to almost forget about is there's a huge"}, {"start": "00:35:23", "end": "00:35:28", "text": "technical side to this. And Mused, I"}, {"start": "00:35:26", "end": "00:35:29", "text": "think the beauty of it is like you have"}, {"start": "00:35:28", "end": "00:35:33", "text": "no clue what model they're using. You"}, {"start": "00:35:29", "end": "00:35:35", "text": "have no clue how much to compute costs."}, {"start": "00:35:33", "end": "00:35:36", "text": "You don't know a token. The average"}, {"start": "00:35:35", "end": "00:35:38", "text": "person's never even heard that term,"}, {"start": "00:35:36", "end": "00:35:41", "text": "right? All they know is there's a piece"}, {"start": "00:35:38", "end": "00:35:43", "text": "of software that is a product. I tell it"}, {"start": "00:35:41", "end": "00:35:45", "text": "to do something, it does it. It's magic."}, {"start": "00:35:43", "end": "00:35:48", "text": ">> On the technical side, uh, recently"}, {"start": "00:35:45", "end": "00:35:49", "text": "Doresh sat down with Nome Brown and, uh,"}, {"start": "00:35:48", "end": "00:35:52", "text": "it was pretty interesting conversation."}, {"start": "00:35:49", "end": "00:35:55", "text": "What were your main takeaways?"}, {"start": "00:35:52", "end": "00:35:59", "text": "Uh I"}, {"start": "00:35:55", "end": "00:36:00", "text": "lately my AI listening on podcast has"}, {"start": "00:35:59", "end": "00:36:01", "text": "gone down."}, {"start": "00:36:00", "end": "00:36:03", "text": ">> Okay. Interesting."}, {"start": "00:36:01", "end": "00:36:05", "text": ">> And the reason is"}, {"start": "00:36:03", "end": "00:36:07", "text": "someone who we both know asked me this"}, {"start": "00:36:05", "end": "00:36:13", "text": "yesterday because uh they're at the"}, {"start": "00:36:07", "end": "00:36:16", "text": "moonshots uh event and I sat back and I"}, {"start": "00:36:13", "end": "00:36:19", "text": "said here's the deal. When things are"}, {"start": "00:36:16", "end": "00:36:21", "text": "changing so fast,"}, {"start": "00:36:19", "end": "00:36:23", "text": "it's almost useless to listen to what"}, {"start": "00:36:21", "end": "00:36:26", "text": "happened in the prior week because the"}, {"start": "00:36:23", "end": "00:36:27", "text": "next week there's a whole new thing. So"}, {"start": "00:36:26", "end": "00:36:31", "text": "unless it's something that's like"}, {"start": "00:36:27", "end": "00:36:34", "text": "earthshattering like Opus 5.5 releasing"}, {"start": "00:36:31", "end": "00:36:36", "text": "doesn't change anything. Chat GPT6 and"}, {"start": "00:36:34", "end": "00:36:38", "text": "Soul Luna doesn't change anything."}, {"start": "00:36:36", "end": "00:36:40", "text": ">> I literally don't even think most people"}, {"start": "00:36:38", "end": "00:36:42", "text": ">> care anymore when these new things"}, {"start": "00:36:40", "end": "00:36:42", "text": "unless it is a huge step function"}, {"start": "00:36:42", "end": "00:36:44", "text": "change."}, {"start": "00:36:42", "end": "00:36:46", "text": ">> Exactly. the iterative nobody"}, {"start": "00:36:44", "end": "00:36:48", "text": ">> it does it it doesn't matter and Astra I"}, {"start": "00:36:46", "end": "00:36:51", "text": "said it to people I I'm not going to"}, {"start": "00:36:48", "end": "00:36:53", "text": "care anymore this thing is so good that"}, {"start": "00:36:51", "end": "00:36:55", "text": "it does everything that I needed to do"}, {"start": "00:36:53", "end": "00:36:57", "text": "which wasn't the case before and so the"}, {"start": "00:36:55", "end": "00:36:58", "text": "time between them so that's the reason"}, {"start": "00:36:57", "end": "00:37:01", "text": ">> one aspect of this I think is very"}, {"start": "00:36:58", "end": "00:37:04", "text": "interesting is when we look at uh"}, {"start": "00:37:01", "end": "00:37:06", "text": "measurements inside of Sylvia and we're"}, {"start": "00:37:04", "end": "00:37:10", "text": "measuring let's say uh accuracy or uh"}, {"start": "00:37:06", "end": "00:37:12", "text": "efficacy on certain benchmarks"}, {"start": "00:37:10", "end": "00:37:13", "text": "we continue to talk internally without"}, {"start": "00:37:12", "end": "00:37:17", "text": "an"}, {"start": "00:37:13", "end": "00:37:22", "text": "Let's say that Opus scores 88 and the"}, {"start": "00:37:17", "end": "00:37:24", "text": "Sylvia model scores 91 and let's say"}, {"start": "00:37:22", "end": "00:37:26", "text": "maybe chat GBT whatever version scores"}, {"start": "00:37:24", "end": "00:37:28", "text": "86."}, {"start": "00:37:26", "end": "00:37:31", "text": "Can a human tell the difference between"}, {"start": "00:37:28", "end": "00:37:33", "text": "86 88 and 91? Probably not."}, {"start": "00:37:31", "end": "00:37:35", "text": ">> Yeah."}, {"start": "00:37:33", "end": "00:37:37", "text": ">> Can a human tell the difference between"}, {"start": "00:37:35", "end": "00:37:39", "text": "40 and 90? Absolutely."}, {"start": "00:37:37", "end": "00:37:42", "text": ">> Yeah. But one of the questions is like"}, {"start": "00:37:39", "end": "00:37:44", "text": "what is the the band of the human eye"}, {"start": "00:37:42", "end": "00:37:45", "text": "cannot you know identify the difference"}, {"start": "00:37:44", "end": "00:37:47", "text": "and I think that what you're talking"}, {"start": "00:37:45", "end": "00:37:49", "text": "about in these new model releases"}, {"start": "00:37:47", "end": "00:37:50", "text": "they're within the band of to the user"}, {"start": "00:37:49", "end": "00:37:50", "text": "it's the same thing."}, {"start": "00:37:50", "end": "00:37:51", "text": ">> Y"}, {"start": "00:37:50", "end": "00:37:54", "text": ">> and what you need is you need these"}, {"start": "00:37:51", "end": "00:37:55", "text": "breakouts people only care when it is"}, {"start": "00:37:54", "end": "00:37:57", "text": "obvious to them."}, {"start": "00:37:55", "end": "00:38:00", "text": ">> So before I I I go through what I am"}, {"start": "00:37:57", "end": "00:38:02", "text": "listening to and and why this has"}, {"start": "00:38:00", "end": "00:38:03", "text": "changed and the nome brown situation."}, {"start": "00:38:02", "end": "00:38:06", "text": "So, there was one that came out this"}, {"start": "00:38:03", "end": "00:38:09", "text": "week, a benchmark that um Astra I think"}, {"start": "00:38:06", "end": "00:38:11", "text": "got 100% and and and"}, {"start": "00:38:09", "end": "00:38:15", "text": "Fable got 45."}, {"start": "00:38:11", "end": "00:38:17", "text": ">> Oo. This was a driving benchmark. So, it"}, {"start": "00:38:15", "end": "00:38:18", "text": "was a driving from what I saw"}, {"start": "00:38:17", "end": "00:38:18", "text": "simulation."}, {"start": "00:38:18", "end": "00:38:20", "text": ">> Okay."}, {"start": "00:38:18", "end": "00:38:21", "text": ">> And so, they had to learn"}, {"start": "00:38:20", "end": "00:38:24", "text": ">> a fake test for a fake action"}, {"start": "00:38:21", "end": "00:38:26", "text": ">> of course. Yeah. and they had to do it"}, {"start": "00:38:24", "end": "00:38:29", "text": "and Astra ended up being able to do it"}, {"start": "00:38:26", "end": "00:38:32", "text": "on like the second try and I'm not sure"}, {"start": "00:38:29", "end": "00:38:34", "text": "that uh Fable finished the course. The"}, {"start": "00:38:32", "end": "00:38:35", "text": "reason I bring that up is not to say"}, {"start": "00:38:34", "end": "00:38:37", "text": "well this one's better than this. It's"}, {"start": "00:38:35", "end": "00:38:39", "text": "to say that we're getting into the point"}, {"start": "00:38:37", "end": "00:38:42", "text": "now where humanoids robotics full"}, {"start": "00:38:39", "end": "00:38:44", "text": "self-driving become something important."}, {"start": "00:38:42", "end": "00:38:46", "text": "Remember um making snap decisions at a"}, {"start": "00:38:44", "end": "00:38:48", "text": "given point and having the vision to"}, {"start": "00:38:46", "end": "00:38:49", "text": "incorporate that and learning as you go"}, {"start": "00:38:48", "end": "00:38:51", "text": "along it's going to take an enormous"}, {"start": "00:38:49", "end": "00:38:53", "text": "amount of compute. So this is the"}, {"start": "00:38:51", "end": "00:38:55", "text": "beginning of showing how the models are"}, {"start": "00:38:53", "end": "00:38:58", "text": "now entering next stage. It's funny how"}, {"start": "00:38:55", "end": "00:39:00", "text": "many people go. The images you have on"}, {"start": "00:38:58", "end": "00:39:03", "text": "these slides on the weekend are so good."}, {"start": "00:39:00", "end": "00:39:06", "text": "Where do you do them? You guys don't"}, {"start": "00:39:03", "end": "00:39:07", "text": "know how to do them. So again, I used to"}, {"start": "00:39:06", "end": "00:39:08", "text": "use nano banana a long time ago. That"}, {"start": "00:39:07", "end": "00:39:11", "text": "stopped. I remember"}, {"start": "00:39:08", "end": "00:39:12", "text": ">> and and it has been chatbt since then."}, {"start": "00:39:11", "end": "00:39:14", "text": "But it's amazing to me that people don't"}, {"start": "00:39:12", "end": "00:39:16", "text": "use them. I I mean I use it all day long"}, {"start": "00:39:14", "end": "00:39:17", "text": "because I'm a visual learner. I prefer"}, {"start": "00:39:16", "end": "00:39:18", "text": "it that way. All right. The gnome brown"}, {"start": "00:39:17", "end": "00:39:18", "text": "thing because I think it's really"}, {"start": "00:39:18", "end": "00:39:21", "text": "important"}, {"start": "00:39:18", "end": "00:39:24", "text": ">> from open AI. Yes, from Anome Brown from"}, {"start": "00:39:21", "end": "00:39:25", "text": "OpenAI sat down with Dwar"}, {"start": "00:39:24", "end": "00:39:28", "text": "there. There will be points if people"}, {"start": "00:39:25", "end": "00:39:32", "text": "listen to it because Dwar is so he can"}, {"start": "00:39:28", "end": "00:39:34", "text": "talk to an open AI researcher. So, one"}, {"start": "00:39:32", "end": "00:39:35", "text": "of the smartest AI reachers in the"}, {"start": "00:39:34", "end": "00:39:37", "text": "researchers in the world, he can speak"}, {"start": "00:39:35", "end": "00:39:38", "text": "to him at eye to eye level and talk"}, {"start": "00:39:37", "end": "00:39:39", "text": "about things. You're like, I don't"}, {"start": "00:39:38", "end": "00:39:41", "text": "understand what that means. I'm the"}, {"start": "00:39:39", "end": "00:39:44", "text": "same. Like, there's certain things I'm"}, {"start": "00:39:41", "end": "00:39:45", "text": "like, skip to the part I care about. So,"}, {"start": "00:39:44", "end": "00:39:46", "text": "there's two parts that are really"}, {"start": "00:39:45", "end": "00:39:47", "text": "important. So I think what I'm really"}, {"start": "00:39:46", "end": "00:39:49", "text": "good at is consuming a lot of"}, {"start": "00:39:47", "end": "00:39:51", "text": "information and then picking out the two"}, {"start": "00:39:49", "end": "00:39:54", "text": "or three things that are I want to"}, {"start": "00:39:51", "end": "00:39:55", "text": "double click on. And there were two"}, {"start": "00:39:54", "end": "00:39:57", "text": "things in there based on the traffic"}, {"start": "00:39:55", "end": "00:39:58", "text": "coming to me. One was the hugging face"}, {"start": "00:39:57", "end": "00:40:01", "text": "thing which no one Brown is a big part"}, {"start": "00:39:58", "end": "00:40:03", "text": "of and he talked about it. You go in"}, {"start": "00:40:01", "end": "00:40:05", "text": "there and he made this phrase the most"}, {"start": "00:40:03", "end": "00:40:07", "text": "important line in the entire thing. We"}, {"start": "00:40:05", "end": "00:40:10", "text": "underestimated"}, {"start": "00:40:07", "end": "00:40:12", "text": "the capabilities of AI."}, {"start": "00:40:10", "end": "00:40:16", "text": ">> We won't Yeah. And we won't"}, {"start": "00:40:12", "end": "00:40:17", "text": "underestimate it again. I think every"}, {"start": "00:40:16", "end": "00:40:20", "text": "parent goes through that. So I want to"}, {"start": "00:40:17", "end": "00:40:24", "text": "make sure you have that analogy."}, {"start": "00:40:20", "end": "00:40:26", "text": "At some point you underestimate your"}, {"start": "00:40:24", "end": "00:40:29", "text": "child's ability to do something that you"}, {"start": "00:40:26", "end": "00:40:31", "text": "were taking for granted. So I think for"}, {"start": "00:40:29", "end": "00:40:32", "text": "people who are scared of oh these things"}, {"start": "00:40:31", "end": "00:40:35", "text": "are rogue and they're going to go over."}, {"start": "00:40:32", "end": "00:40:37", "text": "No, it was the humans underestimating."}, {"start": "00:40:35", "end": "00:40:40", "text": "It's the most important line in there in"}, {"start": "00:40:37", "end": "00:40:42", "text": "terms of okay on the second part they"}, {"start": "00:40:40", "end": "00:40:43", "text": "spent a lot of time on where the model"}, {"start": "00:40:42", "end": "00:40:46", "text": "is now. and they talked about Navier"}, {"start": "00:40:43", "end": "00:40:48", "text": "Stokes and that is a really important"}, {"start": "00:40:46", "end": "00:40:52", "text": "thing. That's where Muse fits in. We've"}, {"start": "00:40:48", "end": "00:40:54", "text": "entered in the last two months a very"}, {"start": "00:40:52", "end": "00:40:56", "text": "important point and it gets back to he"}, {"start": "00:40:54", "end": "00:40:59", "text": "admitted we're in that parabolic side of"}, {"start": "00:40:56", "end": "00:41:01", "text": "situational awareness. He said it the as"}, {"start": "00:40:59", "end": "00:41:03", "text": "as important as the agents are working"}, {"start": "00:41:01", "end": "00:41:06", "text": "together and he describes how they work"}, {"start": "00:41:03", "end": "00:41:10", "text": "together. It's unbelievable."}, {"start": "00:41:06", "end": "00:41:11", "text": "It is the model itself that has reached"}, {"start": "00:41:10", "end": "00:41:15", "text": "the levels of being able to solve the"}, {"start": "00:41:11", "end": "00:41:16", "text": "problems. So we are at a point of time"}, {"start": "00:41:15", "end": "00:41:18", "text": "where breakthroughs are going to be"}, {"start": "00:41:16", "end": "00:41:20", "text": "coming that are going to blow your mind."}, {"start": "00:41:18", "end": "00:41:22", "text": "Number one, that is not a time to be"}, {"start": "00:41:20", "end": "00:41:24", "text": "bearish on stocks, [snorts] science"}, {"start": "00:41:22", "end": "00:41:25", "text": "breakthroughs, cancer curing, stuff like"}, {"start": "00:41:24", "end": "00:41:27", "text": "that. We're going to be having"}, {"start": "00:41:25", "end": "00:41:29", "text": "breakthrough after breakthrough after"}, {"start": "00:41:27", "end": "00:41:30", "text": "breakthrough. That's why the anthropic"}, {"start": "00:41:29", "end": "00:41:32", "text": "news combined with this. So if you're"}, {"start": "00:41:30", "end": "00:41:35", "text": "looking at the hugging face thing going,"}, {"start": "00:41:32", "end": "00:41:37", "text": "\"The world's going to end.\" It could."}, {"start": "00:41:35", "end": "00:41:39", "text": "And I've heard people describe how it"}, {"start": "00:41:37", "end": "00:41:40", "text": "could happen. And I can I actually can"}, {"start": "00:41:39", "end": "00:41:42", "text": "get to the point that if you combine"}, {"start": "00:41:40", "end": "00:41:45", "text": "humanoids and they're on the planet and"}, {"start": "00:41:42", "end": "00:41:46", "text": "rogue people, whatever, I can get there."}, {"start": "00:41:45", "end": "00:41:48", "text": "It's not going to happen. But I think"}, {"start": "00:41:46", "end": "00:41:50", "text": "the more important thing is the"}, {"start": "00:41:48", "end": "00:41:52", "text": "capabilities of it have reached a level"}, {"start": "00:41:50", "end": "00:41:53", "text": "that the productivity, if you look at"}, {"start": "00:41:52", "end": "00:41:55", "text": "that situational awareness thing, it's"}, {"start": "00:41:53", "end": "00:41:56", "text": "going to go through the roof."}, {"start": "00:41:55", "end": "00:41:58", "text": ">> One more statement on this because I"}, {"start": "00:41:56", "end": "00:42:02", "text": "said this down in DC. I've actually"}, {"start": "00:41:58", "end": "00:42:05", "text": "reached a point of of thinking it is it"}, {"start": "00:42:02", "end": "00:42:07", "text": "is just as wrong for people to say"}, {"start": "00:42:05", "end": "00:42:10", "text": "everyone's going to lose their jobs,"}, {"start": "00:42:07", "end": "00:42:12", "text": "okay, as the other side, which is to be"}, {"start": "00:42:10", "end": "00:42:15", "text": "naive enough to then tell the same"}, {"start": "00:42:12", "end": "00:42:17", "text": "people those they're just scaring you."}, {"start": "00:42:15", "end": "00:42:19", "text": "Nobody's going to lose their job. We're"}, {"start": "00:42:17", "end": "00:42:21", "text": "going to create more jobs. That also is"}, {"start": "00:42:19", "end": "00:42:23", "text": "not being honest cuz that sets you up"}, {"start": "00:42:21", "end": "00:42:24", "text": "say I don't have to do anything. You"}, {"start": "00:42:23", "end": "00:42:27", "text": "know what the right message is for"}, {"start": "00:42:24", "end": "00:42:28", "text": "everyone listening? If you're older and"}, {"start": "00:42:27", "end": "00:42:30", "text": "you're near retirement and you don't"}, {"start": "00:42:28", "end": "00:42:31", "text": "care about your job,"}, {"start": "00:42:30", "end": "00:42:32", "text": ">> okay, fine."}, {"start": "00:42:31", "end": "00:42:34", "text": ">> Yeah."}, {"start": "00:42:32", "end": "00:42:37", "text": ">> For your kids though, they need to use"}, {"start": "00:42:34", "end": "00:42:38", "text": "AI. End of story. Like, if you're not"}, {"start": "00:42:37", "end": "00:42:41", "text": "embracing AI, if you're not thinking, if"}, {"start": "00:42:38", "end": "00:42:43", "text": "you're you get smarter, you whatever"}, {"start": "00:42:41", "end": "00:42:46", "text": "everyone thinks of me, I spend a lot of"}, {"start": "00:42:43", "end": "00:42:48", "text": "time trying to use AI to get smarter, to"}, {"start": "00:42:46", "end": "00:42:50", "text": "use AI to build things, to use AI. I'm a"}, {"start": "00:42:48", "end": "00:42:53", "text": "builder. I like to do it. This is going"}, {"start": "00:42:50", "end": "00:42:54", "text": "to be an age of entrepreneurship, which"}, {"start": "00:42:53", "end": "00:42:57", "text": "means you're going to have freedom. You"}, {"start": "00:42:54", "end": "00:42:58", "text": "don't have to work for someone. Work,"}, {"start": "00:42:57", "end": "00:43:00", "text": "job are bad words in my opinion. I don't"}, {"start": "00:42:58", "end": "00:43:02", "text": "know why people want them. They want"}, {"start": "00:43:00", "end": "00:43:04", "text": "them for identity. I get that. Smith"}, {"start": "00:43:02", "end": "00:43:06", "text": "viser means fisherman. I get it. That's"}, {"start": "00:43:04", "end": "00:43:08", "text": "what our lives have been about. But"}, {"start": "00:43:06", "end": "00:43:09", "text": "don't you want to work for yourself and"}, {"start": "00:43:08", "end": "00:43:10", "text": "don't you want to make money and don't"}, {"start": "00:43:09", "end": "00:43:11", "text": "you want to go through it? I believe"}, {"start": "00:43:10", "end": "00:43:13", "text": "investing and letting your money"}, {"start": "00:43:11", "end": "00:43:15", "text": "compound at the same time as finding"}, {"start": "00:43:13", "end": "00:43:17", "text": "ways to drive income is what it is. It's"}, {"start": "00:43:15", "end": "00:43:19", "text": "not about working for someone. It's"}, {"start": "00:43:17", "end": "00:43:21", "text": "about how do I make income and turn that"}, {"start": "00:43:19", "end": "00:43:23", "text": "into more money. The people who are the"}, {"start": "00:43:21", "end": "00:43:26", "text": "wealthiest on the planet, they don't get"}, {"start": "00:43:23", "end": "00:43:28", "text": "paid a big b paycheck. Their money they"}, {"start": "00:43:26", "end": "00:43:30", "text": "turned into more money. That's your"}, {"start": "00:43:28", "end": "00:43:32", "text": "story. That's my story. I turned money"}, {"start": "00:43:30", "end": "00:43:33", "text": "into more money by investing it and"}, {"start": "00:43:32", "end": "00:43:35", "text": "going through it. And I think if"}, {"start": "00:43:33", "end": "00:43:38", "text": "everyone just focuses, and that's why I"}, {"start": "00:43:35", "end": "00:43:39", "text": "try to preach on the videos, learn AI,"}, {"start": "00:43:38", "end": "00:43:40", "text": "understand the markets, understand"}, {"start": "00:43:39", "end": "00:43:42", "text": "crypto, and you're going to be ahead of"}, {"start": "00:43:40", "end": "00:43:43", "text": "the game from the people that control"}, {"start": "00:43:42", "end": "00:43:44", "text": "most of the world's money. And that's"}, {"start": "00:43:43", "end": "00:43:47", "text": "the way you make money is being in front"}, {"start": "00:43:44", "end": "00:43:50", "text": "of the people. Back to the Peter Lynch"}, {"start": "00:43:47", "end": "00:43:53", "text": "story. Bitcoin has hung in there where"}, {"start": "00:43:50", "end": "00:43:56", "text": "we started this conversation. It is now"}, {"start": "00:43:53", "end": "00:43:58", "text": "seems to be consolidating around 83 to"}, {"start": "00:43:56", "end": "00:44:01", "text": "$87,000."}, {"start": "00:43:58", "end": "00:44:03", "text": "Is that a consolidation before a dump"}, {"start": "00:44:01", "end": "00:44:04", "text": "back down into the 70s? Is that a"}, {"start": "00:44:03", "end": "00:44:06", "text": "consolidation that then should lead to"}, {"start": "00:44:04", "end": "00:44:09", "text": "another breakout? How do you think about"}, {"start": "00:44:06", "end": "00:44:11", "text": "Bitcoin over the next six months?"}, {"start": "00:44:09", "end": "00:44:13", "text": "Well, as I've been saying, I the reason"}, {"start": "00:44:11", "end": "00:44:15", "text": "I wanted to create an index is to"}, {"start": "00:44:13", "end": "00:44:17", "text": "separate what's happening in Bitcoin"}, {"start": "00:44:15", "end": "00:44:19", "text": "from the ecosystem because I think the"}, {"start": "00:44:17", "end": "00:44:22", "text": "ecosystem should be benefiting from the"}, {"start": "00:44:19", "end": "00:44:24", "text": "agentic side and Bitcoin should be uh"}, {"start": "00:44:22", "end": "00:44:26", "text": "benefiting from the ecosystem"}, {"start": "00:44:24", "end": "00:44:29", "text": "benefiting. Uh I don't believe in the so"}, {"start": "00:44:26", "end": "00:44:32", "text": "at some point in innovation"}, {"start": "00:44:29", "end": "00:44:34", "text": "you go from liquidity to fundamentals"}, {"start": "00:44:32", "end": "00:44:36", "text": "and I believe we're at the fundamental"}, {"start": "00:44:34", "end": "00:44:39", "text": "stage now. Bitcoin doesn't fit in that"}, {"start": "00:44:36", "end": "00:44:41", "text": "fundamental argument. Um, it's really"}, {"start": "00:44:39", "end": "00:44:42", "text": "more for, hey, we're going to have a lot"}, {"start": "00:44:41", "end": "00:44:43", "text": "more developers showing up here. We're"}, {"start": "00:44:42", "end": "00:44:45", "text": "going to start building lots of things"}, {"start": "00:44:43", "end": "00:44:46", "text": "because Robin Hood chain is driving."}, {"start": "00:44:45", "end": "00:44:47", "text": "Like, it's all these different"}, {"start": "00:44:46", "end": "00:44:49", "text": "components that are getting people"}, {"start": "00:44:47", "end": "00:44:51", "text": "excited about the fundamentals. And if"}, {"start": "00:44:49", "end": "00:44:53", "text": "I'm right, what should be happening is"}, {"start": "00:44:51", "end": "00:44:56", "text": "what's happening, which is tenure rates"}, {"start": "00:44:53", "end": "00:44:58", "text": "have now gone higher by almost 100 basis"}, {"start": "00:44:56", "end": "00:44:59", "text": "points."}, {"start": "00:44:58", "end": "00:45:02", "text": "And I think for the quarter, let's"}, {"start": "00:44:59", "end": "00:45:04", "text": "assume it's up 60 70 basis points for"}, {"start": "00:45:02", "end": "00:45:07", "text": "the quarter. The quarter is coming to an"}, {"start": "00:45:04", "end": "00:45:08", "text": "end soon. And Bitcoin's up 60% for the"}, {"start": "00:45:07", "end": "00:45:10", "text": "quarter with rates with tenure rates"}, {"start": "00:45:08", "end": "00:45:11", "text": "going higher."}, {"start": "00:45:10", "end": "00:45:13", "text": ">> Is that good?"}, {"start": "00:45:11", "end": "00:45:15", "text": ">> Yeah, that's good. And gold's not going"}, {"start": "00:45:13", "end": "00:45:17", "text": "higher. This is not a liquidity"}, {"start": "00:45:15", "end": "00:45:20", "text": "debasement trade. This is a fundamental"}, {"start": "00:45:17", "end": "00:45:23", "text": "trade. So, uh, the fact that this"}, {"start": "00:45:20", "end": "00:45:26", "text": "morning Salana was trading at 121 and"}, {"start": "00:45:23", "end": "00:45:28", "text": "was up another 4% and it's moving in a"}, {"start": "00:45:26", "end": "00:45:30", "text": "different way. I think these are all"}, {"start": "00:45:28", "end": "00:45:32", "text": "signs"}, {"start": "00:45:30", "end": "00:45:33", "text": "that money is looking into the space and"}, {"start": "00:45:32", "end": "00:45:36", "text": "they're like, \"Hey, this thing is"}, {"start": "00:45:33", "end": "00:45:37", "text": "trading more volume.\" where RWA is going"}, {"start": "00:45:36", "end": "00:45:39", "text": "to fit in. What's the growth rate of"}, {"start": "00:45:37", "end": "00:45:40", "text": "this? Let me look at Hyperlquid. I just"}, {"start": "00:45:39", "end": "00:45:42", "text": "think people are UN or they're doing the"}, {"start": "00:45:40", "end": "00:45:44", "text": "homework. And that's why I said the"}, {"start": "00:45:42", "end": "00:45:46", "text": "homework is happening at the end of this"}, {"start": "00:45:44", "end": "00:45:48", "text": "year, which will be investments for next"}, {"start": "00:45:46", "end": "00:45:50", "text": "year, but it's going to show up after we"}, {"start": "00:45:48", "end": "00:45:52", "text": "get through the midterms. So, I don't"}, {"start": "00:45:50", "end": "00:45:55", "text": "know when we're going to start kind of"}, {"start": "00:45:52", "end": "00:45:57", "text": "the the the rally in stocks that allows"}, {"start": "00:45:55", "end": "00:45:58", "text": "this to continue. It could happen in"}, {"start": "00:45:57", "end": "00:46:01", "text": "December. It could happen before the"}, {"start": "00:45:58", "end": "00:46:02", "text": "midterms and then go sideways. Uh, but I"}, {"start": "00:46:01", "end": "00:46:04", "text": "definitely think as the MAG7 broke out"}, {"start": "00:46:02", "end": "00:46:05", "text": "to new highs this week and as people are"}, {"start": "00:46:04", "end": "00:46:08", "text": "worried about breath and they're worried"}, {"start": "00:46:05", "end": "00:46:11", "text": "about all these things, the amount of"}, {"start": "00:46:08", "end": "00:46:13", "text": "Google trend stock market crash,"}, {"start": "00:46:11", "end": "00:46:15", "text": "everyone go look at it. Go look at the"}, {"start": "00:46:13", "end": "00:46:18", "text": "last week"}, {"start": "00:46:15", "end": "00:46:19", "text": "up to the highs of the year got to 100%."}, {"start": "00:46:18", "end": "00:46:21", "text": "So, as far as I'm concerned, people are"}, {"start": "00:46:19", "end": "00:46:22", "text": "worried about something going on because"}, {"start": "00:46:21", "end": "00:46:24", "text": "they're seeing all these things on"}, {"start": "00:46:22", "end": "00:46:26", "text": "breath. They're seeing oil going higher."}, {"start": "00:46:24", "end": "00:46:27", "text": "They're seeing rates go higher. And I"}, {"start": "00:46:26", "end": "00:46:30", "text": "said it in DC. I don't know if I said it"}, {"start": "00:46:27", "end": "00:46:34", "text": "on this show, but I'll say it again. I"}, {"start": "00:46:30", "end": "00:46:37", "text": "was in China in 2008 in May"}, {"start": "00:46:34", "end": "00:46:38", "text": "just months before Lehman Brothers"}, {"start": "00:46:37", "end": "00:46:41", "text": "collapsed."}, {"start": "00:46:38", "end": "00:46:46", "text": "Oil was at 155."}, {"start": "00:46:41", "end": "00:46:49", "text": "Here we are now 18 years later."}, {"start": "00:46:46", "end": "00:46:52", "text": "Oil is 100 and it's not even 100, but"}, {"start": "00:46:49", "end": "00:46:56", "text": "let's just say 100."}, {"start": "00:46:52", "end": "00:46:59", "text": "155 verse 100. So it's down. You know"}, {"start": "00:46:56", "end": "00:47:00", "text": "how much household net worth has gone"}, {"start": "00:46:59", "end": "00:47:02", "text": "up? You know how much the economy has"}, {"start": "00:47:00", "end": "00:47:06", "text": "gone up? You know how much disposable"}, {"start": "00:47:02", "end": "00:47:09", "text": "income has gone higher? How can oil"}, {"start": "00:47:06", "end": "00:47:11", "text": "matter in the long term? Can it freak"}, {"start": "00:47:09", "end": "00:47:13", "text": "people out? Yeah. But if you're"}, {"start": "00:47:11", "end": "00:47:15", "text": "listening to people my age or higher"}, {"start": "00:47:13", "end": "00:47:18", "text": "telling you that oil matters and they're"}, {"start": "00:47:15", "end": "00:47:20", "text": "giving you 1970 stuff just like they"}, {"start": "00:47:18", "end": "00:47:22", "text": "told you about tariffs from Smoot Holly"}, {"start": "00:47:20", "end": "00:47:24", "text": "and all the other things that have gone"}, {"start": "00:47:22", "end": "00:47:27", "text": "on and they bring out all of these time"}, {"start": "00:47:24", "end": "00:47:30", "text": "periods. These are just people that"}, {"start": "00:47:27", "end": "00:47:32", "text": "don't need to be bullish. That's the end"}, {"start": "00:47:30", "end": "00:47:34", "text": "story. They want to be bearish because"}, {"start": "00:47:32", "end": "00:47:36", "text": "they're not making money in this period"}, {"start": "00:47:34", "end": "00:47:39", "text": "because they believe that the world's"}, {"start": "00:47:36", "end": "00:47:41", "text": "going to end from the death of the 40"}, {"start": "00:47:39", "end": "00:47:44", "text": "trillion. And as I wrote in my token"}, {"start": "00:47:41", "end": "00:47:49", "text": "tokenization paper this week, there's"}, {"start": "00:47:44", "end": "00:47:51", "text": "195 trillion in the US net, not gross,"}, {"start": "00:47:49", "end": "00:47:56", "text": "net. So take out the debt for"}, {"start": "00:47:51", "end": "00:47:59", "text": "households. 95 trillion as of June and"}, {"start": "00:47:56", "end": "00:48:02", "text": "40 trillion of debt. We're worried about"}, {"start": "00:47:59", "end": "00:48:06", "text": "the 40 trillion when the households have"}, {"start": "00:48:02", "end": "00:48:09", "text": "195 trillion. Tokenization"}, {"start": "00:48:06", "end": "00:48:11", "text": "will turn that 195 trillion into"}, {"start": "00:48:09", "end": "00:48:13", "text": "liquidity. That's going to happen over"}, {"start": "00:48:11", "end": "00:48:16", "text": "the next 5 years. So, you can doubt it."}, {"start": "00:48:13", "end": "00:48:18", "text": "You can say Jord's crazy. Just go look"}, {"start": "00:48:16", "end": "00:48:19", "text": "up tokenization and what's happening and"}, {"start": "00:48:18", "end": "00:48:21", "text": "go read the Black Rockck Black Rockck"}, {"start": "00:48:19", "end": "00:48:24", "text": "report. That's a lot of money that goes"}, {"start": "00:48:21", "end": "00:48:25", "text": "to liquidity. We never need to print"}, {"start": "00:48:24", "end": "00:48:26", "text": "again."}, {"start": "00:48:25", "end": "00:48:28", "text": ">> Ladies and gentlemen, we're not going to"}, {"start": "00:48:26", "end": "00:48:29", "text": "die. I promise the world is going to be"}, {"start": "00:48:28", "end": "00:48:31", "text": "better in the future than it is in the"}, {"start": "00:48:29", "end": "00:48:33", "text": "past. The doomers are wrong. Jordi is"}, {"start": "00:48:31", "end": "00:48:35", "text": "here. I appreciate you watching. Go"}, {"start": "00:48:33", "end": "00:48:38", "text": "check him out. Jordy Visser on YouTube."}, {"start": "00:48:35", "end": "00:48:40", "text": "Go subscribe at 22V Research. And I"}, {"start": "00:48:38", "end": "00:48:44", "text": "promise if you use AI, your life will"}, {"start": "00:48:40", "end": "00:48:44", "text": "improve. See you next time."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "And so you have this powerful tailwind"}, {"start": "00:00:01", "end": "00:00:04", "text": "in for earnings. At the same time,"}, {"start": "00:00:02", "end": "00:00:06", "text": "you're getting uh you have this problem"}, {"start": "00:00:04", "end": "00:00:08", "text": "that keeps requiring policy intervention"}, {"start": "00:00:06", "end": "00:00:10", "text": "um in the form of financial pressure and"}, {"start": "00:00:08", "end": "00:00:12", "text": "monetary debasement. That is a reason"}, {"start": "00:00:10", "end": "00:00:13", "text": "for stocks to be at or near all-time"}, {"start": "00:00:12", "end": "00:00:16", "text": "highs. And it's one of the reasons why"}, {"start": "00:00:13", "end": "00:00:18", "text": "we think stocks will go to make"}, {"start": "00:00:16", "end": "00:00:19", "text": "significant highs from here uh over the"}, {"start": "00:00:18", "end": "00:00:21", "text": "next 12 to 18 months. In our view, we"}, {"start": "00:00:19", "end": "00:00:23", "text": "don't think this bull market is over."}, {"start": "00:00:21", "end": "00:00:24", "text": "What would stop it? What would stop it?"}, {"start": "00:00:23", "end": "00:00:26", "text": "What's going on guys? Today we got a"}, {"start": "00:00:24", "end": "00:00:27", "text": "great conversation with Darius Dale. In"}, {"start": "00:00:26", "end": "00:00:30", "text": "this conversation, we talk about the"}, {"start": "00:00:27", "end": "00:00:31", "text": "Bessant bluff, the Bessant bazooka,"}, {"start": "00:00:30", "end": "00:00:32", "text": "what's going on with interest rates,"}, {"start": "00:00:31", "end": "00:00:34", "text": "what's going on at the Fed, what's going"}, {"start": "00:00:32", "end": "00:00:36", "text": "on at the Treasury, what's going on in"}, {"start": "00:00:34", "end": "00:00:37", "text": "the economy, how all of this is tied"}, {"start": "00:00:36", "end": "00:00:39", "text": "together, and why so many people are"}, {"start": "00:00:37", "end": "00:00:42", "text": "upset yet so many people are getting so"}, {"start": "00:00:39", "end": "00:00:43", "text": "rich. All of this is tied together in a"}, {"start": "00:00:42", "end": "00:00:45", "text": "way that you probably don't understand,"}, {"start": "00:00:43", "end": "00:00:46", "text": "but if you listen to this conversation,"}, {"start": "00:00:45", "end": "00:00:49", "text": "you will. Here's my latest conversation"}, {"start": "00:00:46", "end": "00:00:52", "text": "with Darius Dale. All right, Darius, I"}, {"start": "00:00:49", "end": "00:00:53", "text": "want to talk about the Bessant bluff."}, {"start": "00:00:52", "end": "00:00:56", "text": "You like that, huh? You like that? No"}, {"start": "00:00:53", "end": "00:00:58", "text": "one used that one yet. Is he bluffing or"}, {"start": "00:00:56", "end": "00:01:00", "text": "is he got the goods? Can he intervene in"}, {"start": "00:00:58", "end": "00:01:03", "text": "the market and get everyone back on"}, {"start": "00:01:00", "end": "00:01:06", "text": "sides or is it just a bluff? I apologize"}, {"start": "00:01:03", "end": "00:01:08", "text": "in advance, Scott."}, {"start": "00:01:06", "end": "00:01:08", "text": "Uh you didn't think that was coming,"}, {"start": "00:01:08", "end": "00:01:10", "text": "huh?"}, {"start": "00:01:08", "end": "00:01:12", "text": ">> Oh, no. No. Look, you know, I'm here to"}, {"start": "00:01:10", "end": "00:01:14", "text": "speak my mind and and say what the data"}, {"start": "00:01:12", "end": "00:01:15", "text": "lead me to tell people. And and"}, {"start": "00:01:14", "end": "00:01:17", "text": "ultimately, I think the uh I think your"}, {"start": "00:01:15", "end": "00:01:20", "text": "characterization"}, {"start": "00:01:17", "end": "00:01:21", "text": "is partially accurate. I don't think"}, {"start": "00:01:20", "end": "00:01:22", "text": "it's fully accurate because I I do"}, {"start": "00:01:21", "end": "00:01:25", "text": "believe we're in a fiscal dominance"}, {"start": "00:01:22", "end": "00:01:27", "text": "regime. And ultimately, if the bluff"}, {"start": "00:01:25", "end": "00:01:28", "text": "fails, then he's got backup."}, {"start": "00:01:27", "end": "00:01:30", "text": ">> And we know what backup looks like. It"}, {"start": "00:01:28", "end": "00:01:32", "text": "can either take the form of an expansion"}, {"start": "00:01:30", "end": "00:01:34", "text": "of reserve management purchases by the"}, {"start": "00:01:32", "end": "00:01:36", "text": "Federal Reserve. Uh we could see we're"}, {"start": "00:01:34", "end": "00:01:38", "text": "pro we're going to see in our opinion a"}, {"start": "00:01:36", "end": "00:01:41", "text": "substantial degree of a relaxation of"}, {"start": "00:01:38", "end": "00:01:43", "text": "bank regulation that will create uh the"}, {"start": "00:01:41", "end": "00:01:45", "text": "balance sheet capacity for them to uh"}, {"start": "00:01:43", "end": "00:01:46", "text": "you know address this kind of supply"}, {"start": "00:01:45", "end": "00:01:48", "text": "demand imbalance in the Treasury bond"}, {"start": "00:01:46", "end": "00:01:50", "text": "market. And if and if that's not the"}, {"start": "00:01:48", "end": "00:01:53", "text": "preferred path or if that a bank"}, {"start": "00:01:50", "end": "00:01:54", "text": "deregulation process takes too long, you"}, {"start": "00:01:53", "end": "00:01:55", "text": "could actually see the Fed come out, you"}, {"start": "00:01:54", "end": "00:01:57", "text": "could see Beston sort of to direct the"}, {"start": "00:01:55", "end": "00:01:59", "text": "Fed uh to come out and essentially say,"}, {"start": "00:01:57", "end": "00:02:01", "text": "\"Hey, look, we need to cap yields at a"}, {"start": "00:01:59", "end": "00:02:03", "text": "certain level uh in order to achieve"}, {"start": "00:02:01", "end": "00:02:04", "text": "our, you know, they'll make it up. You"}, {"start": "00:02:03", "end": "00:02:06", "text": "know, they making all the stuff up the"}, {"start": "00:02:04", "end": "00:02:07", "text": "whole time.\" Uh by the way, uh they'll"}, {"start": "00:02:06", "end": "00:02:08", "text": "make up, you know, this is what we need"}, {"start": "00:02:07", "end": "00:02:10", "text": "to do to achieve our price stability"}, {"start": "00:02:08", "end": "00:02:11", "text": "mandate or our labor mandate or, you"}, {"start": "00:02:10", "end": "00:02:12", "text": "know, or our moderate long-term interest"}, {"start": "00:02:11", "end": "00:02:14", "text": "rate mandate, which by the way, that's"}, {"start": "00:02:12", "end": "00:02:16", "text": "the Fed's third congressionally stated"}, {"start": "00:02:14", "end": "00:02:19", "text": "mandate that no one ever talks about."}, {"start": "00:02:16", "end": "00:02:21", "text": "So, there's the Bessin bluff, but I"}, {"start": "00:02:19", "end": "00:02:22", "text": "think it's backed up by the Bessant"}, {"start": "00:02:21", "end": "00:02:24", "text": "bazooka."}, {"start": "00:02:22", "end": "00:02:26", "text": ">> Who? What's the bazooka?"}, {"start": "00:02:24", "end": "00:02:27", "text": ">> That he has unlimited firepower."}, {"start": "00:02:26", "end": "00:02:30", "text": ">> This man brought a a butter knife to a"}, {"start": "00:02:27", "end": "00:02:31", "text": "gunfight. What are you talking about? $6"}, {"start": "00:02:30", "end": "00:02:33", "text": "billion of buyback skin."}, {"start": "00:02:31", "end": "00:02:35", "text": ">> Yeah, cuz he cuz he all he's doing he's"}, {"start": "00:02:33", "end": "00:02:37", "text": "just testing. He's like uh I think of it"}, {"start": "00:02:35", "end": "00:02:40", "text": "kind of um people think of the US"}, {"start": "00:02:37", "end": "00:02:42", "text": "government as like uh America's army in"}, {"start": "00:02:40", "end": "00:02:44", "text": "a war. And what we learned over the last"}, {"start": "00:02:42", "end": "00:02:47", "text": "25 years, one, we shouldn't be in"}, {"start": "00:02:44", "end": "00:02:50", "text": "foreign wars. Another topic. Uh but is"}, {"start": "00:02:47", "end": "00:02:52", "text": "the insurgents they understand something"}, {"start": "00:02:50", "end": "00:02:53", "text": "that America had a hard time learning"}, {"start": "00:02:52", "end": "00:02:53", "text": "for a while."}, {"start": "00:02:53", "end": "00:02:54", "text": ">> Yeah."}, {"start": "00:02:53", "end": "00:02:55", "text": ">> What they used to do is let's say that"}, {"start": "00:02:54", "end": "00:02:56", "text": "there's a base somewhere in the Middle"}, {"start": "00:02:55", "end": "00:02:59", "text": "East."}, {"start": "00:02:56", "end": "00:03:01", "text": ">> They would test. So maybe they send one"}, {"start": "00:02:59", "end": "00:03:03", "text": "guy over. He takes a couple shots, runs"}, {"start": "00:03:01", "end": "00:03:05", "text": "away."}, {"start": "00:03:03", "end": "00:03:08", "text": ">> How'd they react? What' they do? Did"}, {"start": "00:03:05", "end": "00:03:09", "text": "they all of a sudden get up and go full"}, {"start": "00:03:08", "end": "00:03:11", "text": "security? Did they send someone after"}, {"start": "00:03:09", "end": "00:03:14", "text": "him? What weapons did they have? What"}, {"start": "00:03:11", "end": "00:03:17", "text": "vehicles? How many people? the next day"}, {"start": "00:03:14", "end": "00:03:18", "text": "somebody else from a different angle and"}, {"start": "00:03:17", "end": "00:03:20", "text": "they just kept kind of proddding and"}, {"start": "00:03:18", "end": "00:03:21", "text": "proddding and prodd and then they would"}, {"start": "00:03:20", "end": "00:03:23", "text": "learn and then they would start to"}, {"start": "00:03:21", "end": "00:03:24", "text": "understand who they were up against."}, {"start": "00:03:23", "end": "00:03:25", "text": ">> Yeah."}, {"start": "00:03:24", "end": "00:03:27", "text": ">> And as Americans we knew what they were"}, {"start": "00:03:25", "end": "00:03:28", "text": "doing. It's not, you know, you're not"}, {"start": "00:03:27", "end": "00:03:29", "text": "that stupid. You're like, \"All right,"}, {"start": "00:03:28", "end": "00:03:30", "text": "that guy just shot at me. That guy's got"}, {"start": "00:03:29", "end": "00:03:33", "text": "a camera.\""}, {"start": "00:03:30", "end": "00:03:33", "text": ">> Yeah."}, {"start": "00:03:34", "end": "00:03:36", "text": ">> Audible. Audible."}, {"start": "00:03:35", "end": "00:03:39", "text": ">> We need to do something differently."}, {"start": "00:03:36", "end": "00:03:41", "text": "Yeah. So that's kind of to me what"}, {"start": "00:03:39", "end": "00:03:43", "text": "Bessant is doing is he's like, \"All"}, {"start": "00:03:41", "end": "00:03:46", "text": "right, if I go here and I say I'm going"}, {"start": "00:03:43", "end": "00:03:49", "text": "to go to six billion, what happens?\" But"}, {"start": "00:03:46", "end": "00:03:50", "text": "he knows that he could throw the kitchen"}, {"start": "00:03:49", "end": "00:03:53", "text": "sink, but he kind of doesn't need to do"}, {"start": "00:03:50", "end": "00:03:55", "text": "it yet. And so he could use words. He"}, {"start": "00:03:53", "end": "00:03:56", "text": "could do a little proddding. He's kind"}, {"start": "00:03:55", "end": "00:03:58", "text": "of like trying to figure out where's his"}, {"start": "00:03:56", "end": "00:04:00", "text": "pressure points. But I do think at some"}, {"start": "00:03:58", "end": "00:04:02", "text": "point if the market keeps calling the"}, {"start": "00:04:00", "end": "00:04:05", "text": "bluff, then he's like, \"All right, you"}, {"start": "00:04:02", "end": "00:04:06", "text": "guys want to test me?\" He's got a lot of"}, {"start": "00:04:05", "end": "00:04:08", "text": "firepower."}, {"start": "00:04:06", "end": "00:04:10", "text": "He's got a lot of backup firepower to be"}, {"start": "00:04:08", "end": "00:04:11", "text": "clear. Uh and I agree with your your"}, {"start": "00:04:10", "end": "00:04:13", "text": "theory here that he's sort of proddding"}, {"start": "00:04:11", "end": "00:04:15", "text": "the market. Like look, ideally he would"}, {"start": "00:04:13", "end": "00:04:17", "text": "not have this problem set, right?"}, {"start": "00:04:15", "end": "00:04:18", "text": "Ideally, that's the ideal set. You think"}, {"start": "00:04:17", "end": "00:04:20", "text": "that's what he thinks? Yeah, exactly."}, {"start": "00:04:18", "end": "00:04:22", "text": "Ideally, you wouldn't have to do any of"}, {"start": "00:04:20", "end": "00:04:23", "text": "this. That would be that's the ideal"}, {"start": "00:04:22", "end": "00:04:24", "text": "problem. But since you can't control the"}, {"start": "00:04:23", "end": "00:04:26", "text": "fact that there's a geopolitically"}, {"start": "00:04:24", "end": "00:04:27", "text": "driven supply demand imbalance in the"}, {"start": "00:04:26", "end": "00:04:29", "text": "Treasury bond market, he has to respond"}, {"start": "00:04:27", "end": "00:04:30", "text": "to it with policy intervention uh in"}, {"start": "00:04:29", "end": "00:04:32", "text": "order to do his job. By the way, he's"}, {"start": "00:04:30", "end": "00:04:34", "text": "just doing his job. You know, his 100%"}, {"start": "00:04:32", "end": "00:04:36", "text": "his job to get financing costs down and"}, {"start": "00:04:34", "end": "00:04:38", "text": "and capitalize the US government. He"}, {"start": "00:04:36", "end": "00:04:42", "text": "just just to be clear for folks, I do"}, {"start": "00:04:38", "end": "00:04:44", "text": "think that he is uh one of the most"}, {"start": "00:04:42", "end": "00:04:46", "text": "clearheaded"}, {"start": "00:04:44", "end": "00:04:47", "text": "communicators when it comes to what is"}, {"start": "00:04:46", "end": "00:04:48", "text": "happening."}, {"start": "00:04:47", "end": "00:04:49", "text": ">> Yep."}, {"start": "00:04:48", "end": "00:04:50", "text": ">> What are we doing in response?"}, {"start": "00:04:49", "end": "00:04:52", "text": ">> Y"}, {"start": "00:04:50", "end": "00:04:56", "text": ">> and I think what sometimes is taken as"}, {"start": "00:04:52", "end": "00:04:58", "text": "his illreverence for the critics, etc."}, {"start": "00:04:56", "end": "00:04:59", "text": ">> is actually what we should have had more"}, {"start": "00:04:58", "end": "00:05:02", "text": "from other Treasury secretaries or Fed"}, {"start": "00:04:59", "end": "00:05:03", "text": "chairman. Yeah. Because what it allows"}, {"start": "00:05:02", "end": "00:05:05", "text": "him to really do is he's kind of just"}, {"start": "00:05:03", "end": "00:05:06", "text": "like, \"Hey man, here's the game being"}, {"start": "00:05:05", "end": "00:05:07", "text": "played on the field.\""}, {"start": "00:05:06", "end": "00:05:09", "text": ">> Yeah."}, {"start": "00:05:07", "end": "00:05:10", "text": ">> I I think of it as you know what Fisher"}, {"start": "00:05:09", "end": "00:05:10", "text": "chess is."}, {"start": "00:05:10", "end": "00:05:12", "text": ">> No. What's that?"}, {"start": "00:05:10", "end": "00:05:14", "text": ">> Fisher chess is uh when they mess up the"}, {"start": "00:05:12", "end": "00:05:15", "text": "pieces at the start of the game."}, {"start": "00:05:14", "end": "00:05:18", "text": ">> Oh, interesting."}, {"start": "00:05:15", "end": "00:05:19", "text": ">> So, um I know somebody uh who is one of"}, {"start": "00:05:18", "end": "00:05:20", "text": "the top people in the world at one"}, {"start": "00:05:19", "end": "00:05:21", "text": "minute Fisher Chess."}, {"start": "00:05:20", "end": "00:05:22", "text": ">> Wow."}, {"start": "00:05:21", "end": "00:05:24", "text": ">> He's excellent. He hates when I bring it"}, {"start": "00:05:22", "end": "00:05:27", "text": "up, so I'm not going to say his name. Uh"}, {"start": "00:05:24", "end": "00:05:29", "text": "Evo. Um, and uh,"}, {"start": "00:05:27", "end": "00:05:32", "text": "the whole idea is when you start the"}, {"start": "00:05:29", "end": "00:05:33", "text": "game, it's just what what is the outlay"}, {"start": "00:05:32", "end": "00:05:34", "text": "of the pieces? Like you got to start"}, {"start": "00:05:33", "end": "00:05:35", "text": "from that point."}, {"start": "00:05:34", "end": "00:05:36", "text": ">> That's kind of what he's doing, right?"}, {"start": "00:05:35", "end": "00:05:37", "text": "Is he's like, \"Look, man, the chess"}, {"start": "00:05:36", "end": "00:05:38", "text": "pieces are where they are. I didn't put"}, {"start": "00:05:37", "end": "00:05:40", "text": "them here,"}, {"start": "00:05:38", "end": "00:05:41", "text": ">> but I got to play the game. I got to"}, {"start": "00:05:40", "end": "00:05:41", "text": "win.\""}, {"start": "00:05:41", "end": "00:05:43", "text": ">> Yeah."}, {"start": "00:05:41", "end": "00:05:45", "text": ">> And that kind of feels like he's the"}, {"start": "00:05:43", "end": "00:05:46", "text": "right guy for the job."}, {"start": "00:05:45", "end": "00:05:48", "text": ">> I've been saying this. He's one of the,"}, {"start": "00:05:46", "end": "00:05:50", "text": "you know, certainly in the in the modern"}, {"start": "00:05:48", "end": "00:05:52", "text": "post-war US economy and maybe in the"}, {"start": "00:05:50", "end": "00:05:53", "text": "since the turn of the, you know, the 19"}, {"start": "00:05:52", "end": "00:05:55", "text": "turn of the 20th century, he's probably"}, {"start": "00:05:53", "end": "00:05:57", "text": "the best fit or or Treasury Secretary."}, {"start": "00:05:55", "end": "00:05:59", "text": "Um, you know, we've seen in in in terms"}, {"start": "00:05:57", "end": "00:06:00", "text": "of his understanding of all these"}, {"start": "00:05:59", "end": "00:06:03", "text": "dynamics. Like a lesser Treasury"}, {"start": "00:06:00", "end": "00:06:05", "text": "Secretary would be either getting"}, {"start": "00:06:03", "end": "00:06:06", "text": "dragged by the market and not"}, {"start": "00:06:05", "end": "00:06:07", "text": "understanding the full scope of the"}, {"start": "00:06:06", "end": "00:06:09", "text": "game. Like it's very clear to me that he"}, {"start": "00:06:07", "end": "00:06:10", "text": "understands that there is a supply"}, {"start": "00:06:09", "end": "00:06:12", "text": "demand imbalance in the Treasury bond"}, {"start": "00:06:10", "end": "00:06:14", "text": "market. Why else would you be"}, {"start": "00:06:12", "end": "00:06:16", "text": "intervening alongside Japan's Ministry"}, {"start": "00:06:14", "end": "00:06:17", "text": "of Finance to defend the yen? He"}, {"start": "00:06:16", "end": "00:06:19", "text": "understands the circular nature of the"}, {"start": "00:06:17", "end": "00:06:21", "text": "all this. The US is a net international"}, {"start": "00:06:19", "end": "00:06:24", "text": "investment deficit economy. We have a"}, {"start": "00:06:21", "end": "00:06:26", "text": "current account deficit of 3 to 4%"}, {"start": "00:06:24", "end": "00:06:28", "text": "annually. We need to find 3 to 4% of our"}, {"start": "00:06:26", "end": "00:06:30", "text": "growing GDP's worth of capital every"}, {"start": "00:06:28", "end": "00:06:31", "text": "year just to have the same level of"}, {"start": "00:06:30", "end": "00:06:33", "text": "economic outcome, let alone growing the"}, {"start": "00:06:31", "end": "00:06:35", "text": "economy. And so, you know, this is a big"}, {"start": "00:06:33", "end": "00:06:38", "text": "problem in the context of foreigners"}, {"start": "00:06:35", "end": "00:06:39", "text": "owning 30% of the market, the private"}, {"start": "00:06:38", "end": "00:06:42", "text": "non-bank sector owning 60% of the"}, {"start": "00:06:39", "end": "00:06:44", "text": "market. now up from 36% in the in end of"}, {"start": "00:06:42", "end": "00:06:46", "text": "2021. And so you have all this you have"}, {"start": "00:06:44", "end": "00:06:50", "text": "such a change in the composition of the"}, {"start": "00:06:46", "end": "00:06:51", "text": "treasury ownership that now incremental"}, {"start": "00:06:50", "end": "00:06:53", "text": "units of supply will be met with"}, {"start": "00:06:51", "end": "00:06:55", "text": "incremental requests for higher Xanti"}, {"start": "00:06:53", "end": "00:06:57", "text": "yields. That's essentially the condition"}, {"start": "00:06:55", "end": "00:06:59", "text": "that that's the fisher chess condition"}, {"start": "00:06:57", "end": "00:07:01", "text": "that he's inheriting and he inherited uh"}, {"start": "00:06:59", "end": "00:07:04", "text": "at the start of 2025. And so you know we"}, {"start": "00:07:01", "end": "00:07:06", "text": "can quibble with his communication style"}, {"start": "00:07:04", "end": "00:07:08", "text": "to your point. Um, we can quibble with"}, {"start": "00:07:06", "end": "00:07:10", "text": "what at times seems like a a a touch of"}, {"start": "00:07:08", "end": "00:07:12", "text": "arrogance at some point. Um, but I think"}, {"start": "00:07:10", "end": "00:07:15", "text": "it's coming from a place of saying,"}, {"start": "00:07:12", "end": "00:07:16", "text": "\"Look, you guys don't get it. This is a"}, {"start": "00:07:15", "end": "00:07:17", "text": "big problem.\" He can't come out and say"}, {"start": "00:07:16", "end": "00:07:18", "text": "it's a big problem. By the way, I can"}, {"start": "00:07:17", "end": "00:07:22", "text": "say it's a big problem. It is a big"}, {"start": "00:07:18", "end": "00:07:23", "text": "problem. He could think it. He I know he"}, {"start": "00:07:22", "end": "00:07:24", "text": "thinks it otherwise he wouldn't be"}, {"start": "00:07:23", "end": "00:07:26", "text": "taking the policy action that he's"}, {"start": "00:07:24", "end": "00:07:28", "text": "taken. Uh, but at the end of the day, I"}, {"start": "00:07:26", "end": "00:07:29", "text": "think he is responding to the"}, {"start": "00:07:28", "end": "00:07:31", "text": "appropriate thing to respond to, which"}, {"start": "00:07:29", "end": "00:07:32", "text": "is the supply demand imbalance, the"}, {"start": "00:07:31", "end": "00:07:35", "text": "geopolitically driven supply demand"}, {"start": "00:07:32", "end": "00:07:38", "text": "imbalance. when uh Duck published the uh"}, {"start": "00:07:35", "end": "00:07:39", "text": "OpEd that was AI written um and everyone"}, {"start": "00:07:38", "end": "00:07:40", "text": "freaked out"}, {"start": "00:07:39", "end": "00:07:42", "text": ">> which by the way this is Stan Drunken"}, {"start": "00:07:40", "end": "00:07:44", "text": "Miller. Who cares if he uses AI to write"}, {"start": "00:07:42", "end": "00:07:47", "text": "his is is this is Stan Duck and Miller."}, {"start": "00:07:44", "end": "00:07:49", "text": "The man did 30% annualized returns with"}, {"start": "00:07:47", "end": "00:07:51", "text": "no down years for 30 years. Go find me"}, {"start": "00:07:49", "end": "00:07:52", "text": "another investor in history who's ever"}, {"start": "00:07:51", "end": "00:07:53", "text": "done that."}, {"start": "00:07:52", "end": "00:07:55", "text": ">> Bernie Maidoff."}, {"start": "00:07:53", "end": "00:07:58", "text": ">> Yeah. Exactly. Exactly. Bingo. All"}, {"start": "00:07:55", "end": "00:08:01", "text": "right. Do you think that Bessant and"}, {"start": "00:07:58", "end": "00:08:03", "text": "Duck talked and maybe Bessant encouraged"}, {"start": "00:08:01", "end": "00:08:05", "text": "him to publish it?"}, {"start": "00:08:03", "end": "00:08:08", "text": "That's my standing theory. And the"}, {"start": "00:08:05", "end": "00:08:10", "text": "reason is because everything that was"}, {"start": "00:08:08", "end": "00:08:10", "text": "said in that piece, I believe best in"}, {"start": "00:08:10", "end": "00:08:11", "text": "believes."}, {"start": "00:08:10", "end": "00:08:12", "text": ">> Yeah. Of course he believes. Yeah."}, {"start": "00:08:11", "end": "00:08:13", "text": ">> He just can't say it."}, {"start": "00:08:12", "end": "00:08:14", "text": ">> Of course."}, {"start": "00:08:13", "end": "00:08:17", "text": ">> So it's very helpful if one of your best"}, {"start": "00:08:14", "end": "00:08:18", "text": "friends says it publicly for you."}, {"start": "00:08:17", "end": "00:08:20", "text": ">> And then you could take it and it's like"}, {"start": "00:08:18", "end": "00:08:21", "text": "going to the teacher say, \"Look,"}, {"start": "00:08:20", "end": "00:08:21", "text": "somebody else said this.\""}, {"start": "00:08:21", "end": "00:08:24", "text": ">> Yeah."}, {"start": "00:08:21", "end": "00:08:24", "text": ">> You know, hey, we we should uh he's"}, {"start": "00:08:24", "end": "00:08:25", "text": "smart."}, {"start": "00:08:24", "end": "00:08:26", "text": ">> Yeah."}, {"start": "00:08:25", "end": "00:08:27", "text": ">> The messenger is just as important as"}, {"start": "00:08:26", "end": "00:08:31", "text": "the message."}, {"start": "00:08:27", "end": "00:08:32", "text": ">> Yep. And if you're drunk, you weren't"}, {"start": "00:08:31", "end": "00:08:33", "text": "going to write that unless maybe you got"}, {"start": "00:08:32", "end": "00:08:33", "text": "a phone call."}, {"start": "00:08:33", "end": "00:08:36", "text": ">> Yeah."}, {"start": "00:08:33", "end": "00:08:37", "text": ">> From your friend and you on vacation,"}, {"start": "00:08:36", "end": "00:08:39", "text": "probably somewhere in the Mediterranean."}, {"start": "00:08:37", "end": "00:08:40", "text": "Hey man, hey Grock, write this for"}, {"start": "00:08:39", "end": "00:08:40", "text": "me."}, {"start": "00:08:40", "end": "00:08:43", "text": ">> Yeah,"}, {"start": "00:08:40", "end": "00:08:45", "text": ">> right. Let it fly."}, {"start": "00:08:43", "end": "00:08:46", "text": ">> Let it fly. I love how you think it was"}, {"start": "00:08:45", "end": "00:08:48", "text": "Grock, too, by the way."}, {"start": "00:08:46", "end": "00:08:50", "text": ">> Yeah. He's like like write this thing"}, {"start": "00:08:48", "end": "00:08:51", "text": "for me. He he literally has it sent to"}, {"start": "00:08:50", "end": "00:08:53", "text": "the, you know, Wall Street Journal or"}, {"start": "00:08:51", "end": "00:08:55", "text": "whatever. And I just imagine him closing"}, {"start": "00:08:53", "end": "00:08:57", "text": "his laptop. Say, \"Yeah, well,"}, {"start": "00:08:55", "end": "00:09:01", "text": ">> good luck, guys. See you in a week.\""}, {"start": "00:08:57", "end": "00:09:03", "text": "Yeah. Huh. You know, I I try to I'm not"}, {"start": "00:09:01", "end": "00:09:04", "text": ">> I'm a conspiracy theorist in the sense"}, {"start": "00:09:03", "end": "00:09:06", "text": "that a lot of times you do enough"}, {"start": "00:09:04", "end": "00:09:08", "text": "analysis, you just wind up at the"}, {"start": "00:09:06", "end": "00:09:09", "text": "natural conclusion of things. And I feel"}, {"start": "00:09:08", "end": "00:09:10", "text": "like that's kind of what we do in our"}, {"start": "00:09:09", "end": "00:09:12", "text": "research at 42 macro. We just keep"}, {"start": "00:09:10", "end": "00:09:14", "text": "pulling on threads until we can't pull"}, {"start": "00:09:12", "end": "00:09:16", "text": "on the thread anymore because the data"}, {"start": "00:09:14", "end": "00:09:19", "text": "doesn't exist. Um that's kind of the"}, {"start": "00:09:16", "end": "00:09:22", "text": "nature of our research style. Uh and"}, {"start": "00:09:19", "end": "00:09:24", "text": ">> does this did drug you know, here's what"}, {"start": "00:09:22", "end": "00:09:27", "text": "I think. Whether or not Ducken Miller"}, {"start": "00:09:24", "end": "00:09:28", "text": "and and and and Stan or Stan Ducken"}, {"start": "00:09:27", "end": "00:09:30", "text": "Miller and and Treasury Secretary Scott"}, {"start": "00:09:28", "end": "00:09:31", "text": "Pess colluded on that, I think the"}, {"start": "00:09:30", "end": "00:09:34", "text": "outcome would have been the same"}, {"start": "00:09:31", "end": "00:09:37", "text": "regardless, which is"}, {"start": "00:09:34", "end": "00:09:40", "text": "the more the public knows about this,"}, {"start": "00:09:37", "end": "00:09:42", "text": "the more likely it is that the the"}, {"start": "00:09:40", "end": "00:09:44", "text": "politicians in DC who are responsible"}, {"start": "00:09:42", "end": "00:09:46", "text": "for addressing the problem will take the"}, {"start": "00:09:44", "end": "00:09:48", "text": "appropriate action. And so whether or"}, {"start": "00:09:46", "end": "00:09:48", "text": "not you colluded or not, I still think"}, {"start": "00:09:48", "end": "00:09:49", "text": "you two"}, {"start": "00:09:48", "end": "00:09:49", "text": ">> I don't even think I don't think it's"}, {"start": "00:09:49", "end": "00:09:51", "text": "collusion."}, {"start": "00:09:49", "end": "00:09:51", "text": ">> He wants this outcome. This is a good"}, {"start": "00:09:51", "end": "00:09:53", "text": "outcome."}, {"start": "00:09:51", "end": "00:09:56", "text": ">> I don't even think it's collusion. Yeah,"}, {"start": "00:09:53", "end": "00:09:59", "text": ">> I think actually my point is uh we've"}, {"start": "00:09:56", "end": "00:10:02", "text": "been talking about Bessant from a"}, {"start": "00:09:59", "end": "00:10:04", "text": "financial like operator standpoint as"}, {"start": "00:10:02", "end": "00:10:07", "text": "the Treasury Secretary. I think this"}, {"start": "00:10:04", "end": "00:10:08", "text": "dude is dialed when it comes to the"}, {"start": "00:10:07", "end": "00:10:09", "text": "political process as well."}, {"start": "00:10:08", "end": "00:10:13", "text": ">> Yeah, he's he"}, {"start": "00:10:09", "end": "00:10:15", "text": ">> and if there was a conversation before"}, {"start": "00:10:13", "end": "00:10:18", "text": "that op-ed was published and maybe"}, {"start": "00:10:15", "end": "00:10:20", "text": "Besson encouraged it. Yep."}, {"start": "00:10:18", "end": "00:10:22", "text": ">> This dude understands Washington DC"}, {"start": "00:10:20", "end": "00:10:22", "text": "better than most of the politicians"}, {"start": "00:10:22", "end": "00:10:23", "text": "understand it."}, {"start": "00:10:22", "end": "00:10:26", "text": ">> Yeah, of course."}, {"start": "00:10:23", "end": "00:10:29", "text": ">> And so what that then tells me is if he"}, {"start": "00:10:26", "end": "00:10:31", "text": "understands domestic policy and the"}, {"start": "00:10:29", "end": "00:10:32", "text": "political process,"}, {"start": "00:10:31", "end": "00:10:36", "text": ">> he might be the best person we should be"}, {"start": "00:10:32", "end": "00:10:38", "text": "sending to Japan or some of these places"}, {"start": "00:10:36", "end": "00:10:39", "text": "and saying, \"Hey, Scott,"}, {"start": "00:10:38", "end": "00:10:41", "text": ">> I think in Trump's words one time, he"}, {"start": "00:10:39", "end": "00:10:42", "text": "said, I get the markets rallied up.\""}, {"start": "00:10:41", "end": "00:10:43", "text": ">> Yeah."}, {"start": "00:10:42", "end": "00:10:46", "text": ">> He gets them to calm down."}, {"start": "00:10:43", "end": "00:10:48", "text": ">> Yeah. And so now all of a sudden we have"}, {"start": "00:10:46", "end": "00:10:52", "text": "a very unique individual it seems like"}, {"start": "00:10:48", "end": "00:10:55", "text": "who is financial operator, investor,"}, {"start": "00:10:52", "end": "00:10:57", "text": "political operator and a great"}, {"start": "00:10:55", "end": "00:10:59", "text": "communicator. We have not really had"}, {"start": "00:10:57", "end": "00:11:01", "text": "somebody in that seat and he's happens"}, {"start": "00:10:59", "end": "00:11:03", "text": "to be in the seat at a time where like"}, {"start": "00:11:01", "end": "00:11:05", "text": "we kind of need a person like that to"}, {"start": "00:11:03", "end": "00:11:06", "text": "navigate all this. It's fascinating."}, {"start": "00:11:05", "end": "00:11:07", "text": ">> It's it's beyond fascinating. I think"}, {"start": "00:11:06", "end": "00:11:09", "text": "one of the best things that's happened"}, {"start": "00:11:07", "end": "00:11:11", "text": "in the last few years in American policy"}, {"start": "00:11:09", "end": "00:11:13", "text": "is the downgrading of all the other"}, {"start": "00:11:11", "end": "00:11:15", "text": "voices around President Trump and the"}, {"start": "00:11:13", "end": "00:11:17", "text": "upgrading of of Treasury Secretary Scott"}, {"start": "00:11:15", "end": "00:11:19", "text": "Besson's voice. I mean, you know, I at"}, {"start": "00:11:17", "end": "00:11:20", "text": "the risk of being, you know, sued or"}, {"start": "00:11:19", "end": "00:11:21", "text": "yelled at, I mean, we obviously had a"}, {"start": "00:11:20", "end": "00:11:23", "text": "NEPO baby run in the commerce"}, {"start": "00:11:21", "end": "00:11:26", "text": "department, you know, he his views"}, {"start": "00:11:23", "end": "00:11:28", "text": "needed to get go somewhere else and say"}, {"start": "00:11:26", "end": "00:11:30", "text": "that and do that. Go go go work on this."}, {"start": "00:11:28", "end": "00:11:32", "text": "We have bigger fish to fry. We have a"}, {"start": "00:11:30", "end": "00:11:35", "text": "massive geopolitically driven like this"}, {"start": "00:11:32", "end": "00:11:37", "text": "this in my opinion the PC1 of all of"}, {"start": "00:11:35", "end": "00:11:39", "text": "global finance is the fact that treasury"}, {"start": "00:11:37", "end": "00:11:41", "text": "bonds are no longer considered to be a"}, {"start": "00:11:39", "end": "00:11:43", "text": "safe haven asset. Now why is that? In my"}, {"start": "00:11:41", "end": "00:11:44", "text": "opinion and I think the opinion of other"}, {"start": "00:11:43", "end": "00:11:47", "text": "you know smart people people much"}, {"start": "00:11:44", "end": "00:11:49", "text": "smarter than me Ray Alio and Neil How"}, {"start": "00:11:47", "end": "00:11:51", "text": "Peter Turchin they would say that you"}, {"start": "00:11:49", "end": "00:11:53", "text": "know America's sick a sick patient"}, {"start": "00:11:51", "end": "00:11:56", "text": "internally and I would argue and I'm"}, {"start": "00:11:53", "end": "00:11:57", "text": "certain Rali would argue uh that"}, {"start": "00:11:56", "end": "00:12:00", "text": "America's a sick patient internally"}, {"start": "00:11:57", "end": "00:12:02", "text": "because we have too much we have such a"}, {"start": "00:12:00", "end": "00:12:04", "text": "high level of public sector debt service"}, {"start": "00:12:02", "end": "00:12:06", "text": "and it's squeezing out income and wealth"}, {"start": "00:12:04", "end": "00:12:08", "text": "accumulation for households small"}, {"start": "00:12:06", "end": "00:12:10", "text": "businesses and interest rate sensitive"}, {"start": "00:12:08", "end": "00:12:11", "text": "sectors on the bottom of the K. And part"}, {"start": "00:12:10", "end": "00:12:13", "text": "of the reason that's happening, that"}, {"start": "00:12:11", "end": "00:12:14", "text": "squeezing dynamic, we talked about this"}, {"start": "00:12:13", "end": "00:12:17", "text": "in previous um in previous uh shows and"}, {"start": "00:12:14", "end": "00:12:19", "text": "discussions where the amount of money"}, {"start": "00:12:17", "end": "00:12:21", "text": "that the US Treasury needs on an annual"}, {"start": "00:12:19", "end": "00:12:23", "text": "basis to either roll over refinance its"}, {"start": "00:12:21", "end": "00:12:25", "text": "existing debt, it's roughly about 12 to"}, {"start": "00:12:23", "end": "00:12:26", "text": "10 trillion over the next year. Uh to"}, {"start": "00:12:25", "end": "00:12:28", "text": "capitalize the new debt in terms of the"}, {"start": "00:12:26", "end": "00:12:30", "text": "budget deficit, that's about 2 trillion"}, {"start": "00:12:28", "end": "00:12:31", "text": "over the next uh year. And then the"}, {"start": "00:12:30", "end": "00:12:32", "text": "amount of money it needs to refinance"}, {"start": "00:12:31", "end": "00:12:34", "text": "into a higher interest rate regime,"}, {"start": "00:12:32", "end": "00:12:36", "text": "that's about 125 billion over the next"}, {"start": "00:12:34", "end": "00:12:37", "text": "year. So you're talking about over 12"}, {"start": "00:12:36", "end": "00:12:40", "text": "trillion that it needs. That's up from"}, {"start": "00:12:37", "end": "00:12:42", "text": "about less than 5 trillion prior to CO."}, {"start": "00:12:40", "end": "00:12:43", "text": "And so that's 40% of global savings, the"}, {"start": "00:12:42", "end": "00:12:46", "text": "flow of global savings over the next"}, {"start": "00:12:43", "end": "00:12:49", "text": "year. That used to be on average 20% of"}, {"start": "00:12:46", "end": "00:12:51", "text": "the flow of global savings prior to CO."}, {"start": "00:12:49", "end": "00:12:53", "text": "And so we've doubled the the the the"}, {"start": "00:12:51", "end": "00:12:55", "text": "demand for capital. The US Treasury has"}, {"start": "00:12:53", "end": "00:12:56", "text": "doubled its demand for capital. And and"}, {"start": "00:12:55", "end": "00:12:58", "text": "obviously in a world where there's not"}, {"start": "00:12:56", "end": "00:13:00", "text": "an infinite amount of capital, it's"}, {"start": "00:12:58", "end": "00:13:01", "text": "draining resources from the bottom of"}, {"start": "00:13:00", "end": "00:13:03", "text": "the K-shaped US economy. It's obviously"}, {"start": "00:13:01", "end": "00:13:04", "text": "draining resources from around the world"}, {"start": "00:13:03", "end": "00:13:07", "text": "and it's causing more inflation. and we"}, {"start": "00:13:04", "end": "00:13:09", "text": "just have a a persistent supply shock uh"}, {"start": "00:13:07", "end": "00:13:10", "text": "for capital and a persistent demand"}, {"start": "00:13:09", "end": "00:13:12", "text": "shock for that capital from the treasury"}, {"start": "00:13:10", "end": "00:13:13", "text": "and this is causing all sorts of"}, {"start": "00:13:12", "end": "00:13:15", "text": "outcomes."}, {"start": "00:13:13", "end": "00:13:18", "text": ">> If I said to you, close your eyes and"}, {"start": "00:13:15", "end": "00:13:19", "text": "imagine a world where there is a $100"}, {"start": "00:13:18", "end": "00:13:22", "text": "oil price"}, {"start": "00:13:19", "end": "00:13:25", "text": ">> five uh% 10-year yields,"}, {"start": "00:13:22", "end": "00:13:27", "text": ">> the Fed just raised interest rates for"}, {"start": "00:13:25", "end": "00:13:29", "text": "the first time in a while."}, {"start": "00:13:27", "end": "00:13:31", "text": ">> And there's still a geopolitical"}, {"start": "00:13:29", "end": "00:13:33", "text": "conflict going on. Mhm."}, {"start": "00:13:31", "end": "00:13:36", "text": ">> There seems to be a lot of disagreement"}, {"start": "00:13:33", "end": "00:13:38", "text": "or waning support for uh the current"}, {"start": "00:13:36", "end": "00:13:41", "text": "administration going into the midterms"}, {"start": "00:13:38", "end": "00:13:43", "text": "and the entire economy seems to be"}, {"start": "00:13:41", "end": "00:13:45", "text": "propped up by a single sector and AI and"}, {"start": "00:13:43", "end": "00:13:46", "text": "everything else seems to be suffering."}, {"start": "00:13:45", "end": "00:13:49", "text": ">> Mhm."}, {"start": "00:13:46", "end": "00:13:52", "text": ">> And I said, \"Now decide, are stocks at"}, {"start": "00:13:49", "end": "00:13:54", "text": "all-time highs or below?\""}, {"start": "00:13:52", "end": "00:13:58", "text": ">> You probably would say not at all-time"}, {"start": "00:13:54", "end": "00:14:00", "text": "highs, but we're pretty dang close."}, {"start": "00:13:58", "end": "00:14:02", "text": "Bitcoin is up in that environment. Many"}, {"start": "00:14:00", "end": "00:14:05", "text": "of these assets are up. How do you"}, {"start": "00:14:02", "end": "00:14:06", "text": "rectify those two things where many of"}, {"start": "00:14:05", "end": "00:14:07", "text": "these data points actually should tell"}, {"start": "00:14:06", "end": "00:14:10", "text": "us like they should be headwinds? Like"}, {"start": "00:14:07", "end": "00:14:11", "text": "assets should be under pressure, but it"}, {"start": "00:14:10", "end": "00:14:14", "text": "kind of feels like investors don't care."}, {"start": "00:14:11", "end": "00:14:16", "text": "They're just like, eh, I still want to"}, {"start": "00:14:14", "end": "00:14:18", "text": "go buy Nvidia, you know? I still want to"}, {"start": "00:14:16", "end": "00:14:20", "text": "own some Bitcoin. Look, uh uh I"}, {"start": "00:14:18", "end": "00:14:22", "text": "appreciate that thought exercise and and"}, {"start": "00:14:20", "end": "00:14:25", "text": "it was really thoughtful. Uh I will push"}, {"start": "00:14:22", "end": "00:14:27", "text": "back mildly to suggest that uh I would I"}, {"start": "00:14:25", "end": "00:14:28", "text": "would actually argue that stocks would"}, {"start": "00:14:27", "end": "00:14:30", "text": "probably be at all times because of some"}, {"start": "00:14:28", "end": "00:14:32", "text": "of the dynamics you listed. Okay. Uh in"}, {"start": "00:14:30", "end": "00:14:34", "text": "our view, we've been bullish. We've been"}, {"start": "00:14:32", "end": "00:14:36", "text": "structurally bullish since January of"}, {"start": "00:14:34", "end": "00:14:38", "text": "2023, say for the 3 months in February"}, {"start": "00:14:36", "end": "00:14:39", "text": "through April of 2025. Uh we saw"}, {"start": "00:14:38", "end": "00:14:41", "text": "paradigm B the the cut the deficit"}, {"start": "00:14:39", "end": "00:14:42", "text": "portion as being negative for the"}, {"start": "00:14:41", "end": "00:14:43", "text": "economy. The markets at the time were"}, {"start": "00:14:42", "end": "00:14:45", "text": "correct on that. Uh but we were also"}, {"start": "00:14:43", "end": "00:14:46", "text": "correct to immediately pivot back to"}, {"start": "00:14:45", "end": "00:14:49", "text": "being bullish, which was where we had"}, {"start": "00:14:46", "end": "00:14:51", "text": "been since Jan 2023 uh when we noticed"}, {"start": "00:14:49", "end": "00:14:53", "text": "the pivot to running the economy hot uh"}, {"start": "00:14:51", "end": "00:14:54", "text": "in in April of last year. The reason I"}, {"start": "00:14:53", "end": "00:14:56", "text": "think that we stocks should be at or"}, {"start": "00:14:54", "end": "00:14:57", "text": "near all-time highs is is for a couple"}, {"start": "00:14:56", "end": "00:14:59", "text": "of reasons. One, there's policy"}, {"start": "00:14:57", "end": "00:15:00", "text": "intervention associated with the supply"}, {"start": "00:14:59", "end": "00:15:02", "text": "demand imbalance. They're not going to"}, {"start": "00:15:00", "end": "00:15:04", "text": "sit idly by. And we've we've long"}, {"start": "00:15:02", "end": "00:15:06", "text": "forecasted that an increasing amount of"}, {"start": "00:15:04", "end": "00:15:08", "text": "policy intervention. Uh whether it be"}, {"start": "00:15:06", "end": "00:15:09", "text": "through extension of dovishnet financing"}, {"start": "00:15:08", "end": "00:15:11", "text": "policy, this is some of the more"}, {"start": "00:15:09", "end": "00:15:12", "text": "dovishnet financing policy we've seen on"}, {"start": "00:15:11", "end": "00:15:14", "text": "record uh for the US Treasury. And it's"}, {"start": "00:15:12", "end": "00:15:16", "text": "only going to get more dovish uh in the"}, {"start": "00:15:14", "end": "00:15:18", "text": "coming years. Uh we've seen uh the"}, {"start": "00:15:16", "end": "00:15:20", "text": "Federal Reserve uh cut interest rates"}, {"start": "00:15:18", "end": "00:15:22", "text": "about 175 basis points with the"}, {"start": "00:15:20", "end": "00:15:23", "text": "inflation, you know, with missing their"}, {"start": "00:15:22", "end": "00:15:25", "text": "inflation target for five consecutive"}, {"start": "00:15:23", "end": "00:15:27", "text": "years, now going on nine consecutive"}, {"start": "00:15:25", "end": "00:15:28", "text": "years. Um in terms of their projections,"}, {"start": "00:15:27", "end": "00:15:31", "text": "uh we've seen the Federal Reserve"}, {"start": "00:15:28", "end": "00:15:32", "text": "monetize US sovereign debt uh in the"}, {"start": "00:15:31", "end": "00:15:33", "text": "middle of a nationwide affordability"}, {"start": "00:15:32", "end": "00:15:36", "text": "crisis. You know, we've seen all sorts"}, {"start": "00:15:33", "end": "00:15:37", "text": "of reactions to this supply demand"}, {"start": "00:15:36", "end": "00:15:39", "text": "imbalance in the Treasury bond market."}, {"start": "00:15:37", "end": "00:15:41", "text": "And then you have this orthogonal demand"}, {"start": "00:15:39", "end": "00:15:43", "text": "shock called AI. This is massive AI"}, {"start": "00:15:41", "end": "00:15:45", "text": "capex bubble. You're talking $800"}, {"start": "00:15:43", "end": "00:15:48", "text": "billion in hyperscala capex next year"}, {"start": "00:15:45", "end": "00:15:50", "text": "growing to 1.2 1.3 $1.4 trillion uh next"}, {"start": "00:15:48", "end": "00:15:52", "text": "year. And so obviously that creates a"}, {"start": "00:15:50", "end": "00:15:54", "text": "powerful tailwind for earnings. Um and"}, {"start": "00:15:52", "end": "00:15:55", "text": "so you have this powerful tailwind for"}, {"start": "00:15:54", "end": "00:15:57", "text": "earnings. At the same time you're"}, {"start": "00:15:55", "end": "00:15:59", "text": "getting uh you have this problem that"}, {"start": "00:15:57", "end": "00:16:00", "text": "keeps requiring policy intervention um"}, {"start": "00:15:59", "end": "00:16:02", "text": "in the form of financial pressure or"}, {"start": "00:16:00", "end": "00:16:04", "text": "monetary debasement. That is a reason"}, {"start": "00:16:02", "end": "00:16:06", "text": "for stocks to be at or near all-time"}, {"start": "00:16:04", "end": "00:16:08", "text": "highs. And it's one of the reasons why"}, {"start": "00:16:06", "end": "00:16:10", "text": "we think stocks will go to make"}, {"start": "00:16:08", "end": "00:16:12", "text": "significant highs from here uh over the"}, {"start": "00:16:10", "end": "00:16:14", "text": "next 12 to 18 months. In our view, we"}, {"start": "00:16:12", "end": "00:16:16", "text": "don't think this bull market is over."}, {"start": "00:16:14", "end": "00:16:19", "text": "What would stop it? What would stop it?"}, {"start": "00:16:16", "end": "00:16:22", "text": "Uh a a lack of realization of the policy"}, {"start": "00:16:19", "end": "00:16:24", "text": "intervention required to address the"}, {"start": "00:16:22", "end": "00:16:26", "text": "problem. Like if they wanted to pivot"}, {"start": "00:16:24", "end": "00:16:27", "text": "back to paradigm B and and be serious"}, {"start": "00:16:26", "end": "00:16:30", "text": "about cutting the deficit,"}, {"start": "00:16:27", "end": "00:16:32", "text": ">> which stop again? I don't I think it's a"}, {"start": "00:16:30", "end": "00:16:34", "text": "very low probability bet. If the world's"}, {"start": "00:16:32", "end": "00:16:37", "text": "smartest man and best inventor of all"}, {"start": "00:16:34", "end": "00:16:39", "text": "time and best innovator of all time, if"}, {"start": "00:16:37", "end": "00:16:40", "text": "he couldn't do it, I just I don't know"}, {"start": "00:16:39", "end": "00:16:42", "text": "how like you're not going to get"}, {"start": "00:16:40", "end": "00:16:45", "text": "Congress to do it without a crisis."}, {"start": "00:16:42", "end": "00:16:45", "text": ">> I I did uh I did a little uh mental uh"}, {"start": "00:16:45", "end": "00:16:46", "text": "gut check."}, {"start": "00:16:45", "end": "00:16:48", "text": ">> Yep."}, {"start": "00:16:46", "end": "00:16:49", "text": ">> Uh recently I went back and I was"}, {"start": "00:16:48", "end": "00:16:51", "text": "thinking, okay, at the start of the"}, {"start": "00:16:49", "end": "00:16:52", "text": "Trump administration, what was I excited"}, {"start": "00:16:51", "end": "00:16:54", "text": "about?"}, {"start": "00:16:52", "end": "00:16:56", "text": ">> Balancing the budget was probably the"}, {"start": "00:16:54", "end": "00:16:56", "text": "number one thing. Closing the border was"}, {"start": "00:16:56", "end": "00:16:57", "text": "another thing."}, {"start": "00:16:56", "end": "00:16:59", "text": ">> He fooled you."}, {"start": "00:16:57", "end": "00:17:00", "text": ">> Well, he he closed the border."}, {"start": "00:16:59", "end": "00:17:02", "text": ">> I'm talking about the balance of the"}, {"start": "00:17:00", "end": "00:17:03", "text": "budget. Yeah. So, it bounces the budget"}, {"start": "00:17:02", "end": "00:17:05", "text": "and it and I tried to really think"}, {"start": "00:17:03", "end": "00:17:06", "text": "through like why was I excited? I went"}, {"start": "00:17:05", "end": "00:17:08", "text": "back and I looked at some of the stuff I"}, {"start": "00:17:06", "end": "00:17:10", "text": "read and I tweeted and and was trying to"}, {"start": "00:17:08", "end": "00:17:13", "text": "almost look at it like, okay, what did I"}, {"start": "00:17:10", "end": "00:17:15", "text": "believe? What went wrong? And a big part"}, {"start": "00:17:13", "end": "00:17:16", "text": "of it was actually not the Trump"}, {"start": "00:17:15", "end": "00:17:19", "text": "administration as much as it was the"}, {"start": "00:17:16", "end": "00:17:21", "text": "Trump administration deputizing Elon and"}, {"start": "00:17:19", "end": "00:17:22", "text": "like, dude, this guy's the best in the"}, {"start": "00:17:21", "end": "00:17:23", "text": "world at doing this, right?"}, {"start": "00:17:22", "end": "00:17:24", "text": ">> They're gonna find the fraud, the waste,"}, {"start": "00:17:23", "end": "00:17:28", "text": "the abuse. And as I was looking through"}, {"start": "00:17:24", "end": "00:17:31", "text": "my Twitter feed, I found absolutely"}, {"start": "00:17:28", "end": "00:17:33", "text": "hilarious in hindsight"}, {"start": "00:17:31", "end": "00:17:34", "text": "different data points that we kind of"}, {"start": "00:17:33", "end": "00:17:36", "text": "forget. And the one that I I've talked"}, {"start": "00:17:34", "end": "00:17:38", "text": "about in the past is if you remember, he"}, {"start": "00:17:36", "end": "00:17:41", "text": "was inside of I think it was like the"}, {"start": "00:17:38", "end": "00:17:44", "text": "education building or USA ID where there"}, {"start": "00:17:41", "end": "00:17:45", "text": "was politicians outside banging on the"}, {"start": "00:17:44", "end": "00:17:47", "text": "doors. And if you remember, there was a"}, {"start": "00:17:45", "end": "00:17:49", "text": "video of the security guard and he was"}, {"start": "00:17:47", "end": "00:17:50", "text": "just standing there and they were like,"}, {"start": "00:17:49", "end": "00:17:52", "text": "\"Why are you protecting him? He's"}, {"start": "00:17:50", "end": "00:17:54", "text": "killing people.\" Blah blah. And the"}, {"start": "00:17:52", "end": "00:17:55", "text": "security guy was just like, \"I'm just"}, {"start": "00:17:54", "end": "00:17:57", "text": "doing my job, man.\" Like, you know, he's"}, {"start": "00:17:55", "end": "00:17:58", "text": "just he was like, he was not about it."}, {"start": "00:17:57", "end": "00:18:02", "text": ">> Yeah."}, {"start": "00:17:58", "end": "00:18:03", "text": ">> And if we had said if they tried to"}, {"start": "00:18:02", "end": "00:18:05", "text": "balance the budget, could you imagine if"}, {"start": "00:18:03", "end": "00:18:07", "text": "the politicians"}, {"start": "00:18:05", "end": "00:18:09", "text": ">> literally went outside the building and"}, {"start": "00:18:07", "end": "00:18:10", "text": "tried to physically stop them,"}, {"start": "00:18:09", "end": "00:18:11", "text": ">> you'd be like, there's no way they would"}, {"start": "00:18:10", "end": "00:18:11", "text": "ever do that."}, {"start": "00:18:11", "end": "00:18:13", "text": ">> Yeah, that's true."}, {"start": "00:18:11", "end": "00:18:14", "text": ">> Right. Like you're just like, of course"}, {"start": "00:18:13", "end": "00:18:14", "text": "the politicians want to balance the"}, {"start": "00:18:14", "end": "00:18:17", "text": "budget."}, {"start": "00:18:14", "end": "00:18:20", "text": ">> And so, in hindsight, I was naive in the"}, {"start": "00:18:17", "end": "00:18:23", "text": "sense of it's not actually about can you"}, {"start": "00:18:20", "end": "00:18:24", "text": "balance the budget. It's a lack of will"}, {"start": "00:18:23", "end": "00:18:25", "text": ">> wanting to do it."}, {"start": "00:18:24", "end": "00:18:27", "text": ">> Amen."}, {"start": "00:18:25", "end": "00:18:30", "text": ">> And why is there a lack of will? Well,"}, {"start": "00:18:27", "end": "00:18:32", "text": "if you're a politician, it's pretty good"}, {"start": "00:18:30", "end": "00:18:33", "text": "pitch to be, look at all the stuff I"}, {"start": "00:18:32", "end": "00:18:37", "text": "came back from Washington for all of you"}, {"start": "00:18:33", "end": "00:18:39", "text": "constituents with. And so then as I was"}, {"start": "00:18:37", "end": "00:18:41", "text": "going through this extra, I said, \"Dude,"}, {"start": "00:18:39", "end": "00:18:43", "text": "there's no way it it is impossible. I I"}, {"start": "00:18:41", "end": "00:18:44", "text": "am now convinced it is impossible. It"}, {"start": "00:18:43", "end": "00:18:46", "text": "doesn't matter who goes in any of that"}, {"start": "00:18:44", "end": "00:18:48", "text": "stuff."}, {"start": "00:18:46", "end": "00:18:50", "text": "So,"}, {"start": "00:18:48", "end": "00:18:52", "text": "can we ever have a recession?\""}, {"start": "00:18:50", "end": "00:18:54", "text": ">> Mm-m. No. Can we ever have any sort of"}, {"start": "00:18:52", "end": "00:18:56", "text": "prolonged market downturn"}, {"start": "00:18:54", "end": "00:18:57", "text": ">> going forward?"}, {"start": "00:18:56", "end": "00:18:59", "text": ">> Oh, I love and thank you for that that"}, {"start": "00:18:57", "end": "00:19:00", "text": "trip down memory lane and thank you for"}, {"start": "00:18:59", "end": "00:19:02", "text": "your intellectual honesty."}, {"start": "00:19:00", "end": "00:19:04", "text": ">> Yeah, not a lot of people who do what we"}, {"start": "00:19:02", "end": "00:19:06", "text": "do say we get things wrong."}, {"start": "00:19:04", "end": "00:19:07", "text": ">> Listen, could could you imagine if uh"}, {"start": "00:19:06", "end": "00:19:08", "text": "they had bounced the budget? That would"}, {"start": "00:19:07", "end": "00:19:09", "text": "have been amazing."}, {"start": "00:19:08", "end": "00:19:10", "text": ">> That would have been amazing. That's the"}, {"start": "00:19:09", "end": "00:19:11", "text": "best way out of this."}, {"start": "00:19:10", "end": "00:19:14", "text": ">> On what planet"}, {"start": "00:19:11", "end": "00:19:16", "text": ">> was I or anyone else thinking that the"}, {"start": "00:19:14", "end": "00:19:18", "text": "politicians who quite literally"}, {"start": "00:19:16", "end": "00:19:19", "text": "accumulate power by giving away free"}, {"start": "00:19:18", "end": "00:19:20", "text": "money were ever going to let that"}, {"start": "00:19:19", "end": "00:19:22", "text": "happen? No, they're not."}, {"start": "00:19:20", "end": "00:19:26", "text": ">> I made the mistake of every human. I"}, {"start": "00:19:22", "end": "00:19:27", "text": "thought that they had good intentions."}, {"start": "00:19:26", "end": "00:19:29", "text": ">> I thought they actually cared about the"}, {"start": "00:19:27", "end": "00:19:30", "text": "future of the country."}, {"start": "00:19:29", "end": "00:19:31", "text": ">> Yeah. Yeah."}, {"start": "00:19:30", "end": "00:19:33", "text": ">> Right. I thought they cared about the"}, {"start": "00:19:31", "end": "00:19:33", "text": "debt that was going to be inherited by"}, {"start": "00:19:33", "end": "00:19:35", "text": "our children."}, {"start": "00:19:33", "end": "00:19:36", "text": ">> Our own children. Their own children."}, {"start": "00:19:35", "end": "00:19:38", "text": "Don't even worry about my kids or your"}, {"start": "00:19:36", "end": "00:19:39", "text": "kids. What about your own kids? Like"}, {"start": "00:19:38", "end": "00:19:40", "text": "where do you think we're headed with"}, {"start": "00:19:39", "end": "00:19:42", "text": "this? So, uh, thank you for all that and"}, {"start": "00:19:40", "end": "00:19:44", "text": "I I appreciate again your intellectual"}, {"start": "00:19:42", "end": "00:19:45", "text": "humility and intellectual curiosity are"}, {"start": "00:19:44", "end": "00:19:47", "text": "two things I really admire about you."}, {"start": "00:19:45", "end": "00:19:49", "text": "Uh, and hopefully I'm I'm following your"}, {"start": "00:19:47", "end": "00:19:51", "text": "footsteps as well there. This episode is"}, {"start": "00:19:49", "end": "00:19:52", "text": "brought to you by Lava. The Lava card is"}, {"start": "00:19:51", "end": "00:19:55", "text": "the first credit card that allows you to"}, {"start": "00:19:52", "end": "00:19:57", "text": "earn up to 5% back in Bitcoin on every"}, {"start": "00:19:55", "end": "00:20:00", "text": "single purchase. Most cards have steep"}, {"start": "00:19:57", "end": "00:20:01", "text": "annual fees and unclear points programs,"}, {"start": "00:20:00", "end": "00:20:04", "text": "but the Lava card offers a much better"}, {"start": "00:20:01", "end": "00:20:06", "text": "deal. Earn real Bitcoin every time that"}, {"start": "00:20:04", "end": "00:20:08", "text": "you spend. Plus, there's no annual fee."}, {"start": "00:20:06", "end": "00:20:10", "text": "There's zero FX fees and zero spread"}, {"start": "00:20:08", "end": "00:20:12", "text": "when you spend internationally. On top"}, {"start": "00:20:10", "end": "00:20:14", "text": "of that, Lava gives you access to a"}, {"start": "00:20:12", "end": "00:20:16", "text": "Bitcoin line of credit, yield on cash,"}, {"start": "00:20:14", "end": "00:20:18", "text": "instant stable coin deposits and"}, {"start": "00:20:16", "end": "00:20:19", "text": "withdrawals, on and off ramps to and"}, {"start": "00:20:18", "end": "00:20:22", "text": "from your bank account, and much, much"}, {"start": "00:20:19", "end": "00:20:23", "text": "more. With Lava, you can borrow against"}, {"start": "00:20:22", "end": "00:20:25", "text": "your Bitcoin at the lowest rates, earn"}, {"start": "00:20:23", "end": "00:20:27", "text": "yield, move money globally, and stack"}, {"start": "00:20:25", "end": "00:20:29", "text": "Bitcoin with each and every purchase you"}, {"start": "00:20:27", "end": "00:20:32", "text": "make. Most financial services squeeze"}, {"start": "00:20:29", "end": "00:20:34", "text": "you with high fees, confusing rewards"}, {"start": "00:20:32", "end": "00:20:36", "text": "programs. Lava keeps it simple, and they"}, {"start": "00:20:34", "end": "00:20:39", "text": "help you build your long-term savings"}, {"start": "00:20:36", "end": "00:20:41", "text": "via your everyday spend. Visit lava.xyz"}, {"start": "00:20:39", "end": "00:20:42", "text": "xyz/pump"}, {"start": "00:20:41", "end": "00:20:46", "text": "to get started in just a few minutes"}, {"start": "00:20:42", "end": "00:20:48", "text": "today. lava.xyz/pump"}, {"start": "00:20:46", "end": "00:20:51", "text": "to get started today. A couple things on"}, {"start": "00:20:48", "end": "00:20:53", "text": "this balance budget. Uh I'm sorry that"}, {"start": "00:20:51", "end": "00:20:57", "text": "you were fooled by Doge uh hoodwinkedked"}, {"start": "00:20:53", "end": "00:20:58", "text": "by Doge. Uh uh I was very on record uh"}, {"start": "00:20:57", "end": "00:21:01", "text": "very loud on record uh in the fall of"}, {"start": "00:20:58", "end": "00:21:03", "text": "2024 when we replaced our 30% allocation"}, {"start": "00:21:01", "end": "00:21:05", "text": "to bonds with gold in our in our"}, {"start": "00:21:03", "end": "00:21:08", "text": "flagship uh asset allocation, our KISS"}, {"start": "00:21:05", "end": "00:21:10", "text": "model portfolio. Uh we did it with the"}, {"start": "00:21:08", "end": "00:21:12", "text": "the recognition that neither the"}, {"start": "00:21:10", "end": "00:21:14", "text": "Republican party or the Democrat party"}, {"start": "00:21:12", "end": "00:21:17", "text": "were serious about balancing the budget."}, {"start": "00:21:14", "end": "00:21:18", "text": "When you looked at the the scoring uh"}, {"start": "00:21:17", "end": "00:21:20", "text": "for Trump's policy proposals, you"}, {"start": "00:21:18", "end": "00:21:21", "text": "couldn't tell the difference. It was"}, {"start": "00:21:20", "end": "00:21:22", "text": "like a Coke versus Pepsi test with"}, {"start": "00:21:21", "end": "00:21:24", "text": "Camela Harris."}, {"start": "00:21:22", "end": "00:21:25", "text": ">> Well, I uh if I remember correctly, um"}, {"start": "00:21:24", "end": "00:21:27", "text": "and this will show you how good my"}, {"start": "00:21:25", "end": "00:21:30", "text": "long-term memory is despite my loss of"}, {"start": "00:21:27", "end": "00:21:32", "text": "short-term memory. Uh Kabuki Theater, I"}, {"start": "00:21:30", "end": "00:21:32", "text": "think was a phrase that you were using"}, {"start": "00:21:32", "end": "00:21:34", "text": "at the time."}, {"start": "00:21:32", "end": "00:21:36", "text": ">> It was. It was. I did call it Kabuki"}, {"start": "00:21:34", "end": "00:21:37", "text": "Theater. I said, \"That chainsaw is"}, {"start": "00:21:36", "end": "00:21:39", "text": "really dumb. He's going to regret the"}, {"start": "00:21:37", "end": "00:21:41", "text": "chainsaw cuz it's not going to solve the"}, {"start": "00:21:39", "end": "00:21:42", "text": "problem.\" But but it looked cool. It"}, {"start": "00:21:41", "end": "00:21:45", "text": "looked cool. It made headlines. It did"}, {"start": "00:21:42", "end": "00:21:46", "text": "what it was supposed to do in a in a 25"}, {"start": "00:21:45", "end": "00:21:48", "text": "cycle. Exactly. It did exactly what it"}, {"start": "00:21:46", "end": "00:21:49", "text": "was supposed to do. But those of us who"}, {"start": "00:21:48", "end": "00:21:51", "text": "are serious about tackling these"}, {"start": "00:21:49", "end": "00:21:52", "text": "challenges understand that that was not"}, {"start": "00:21:51", "end": "00:21:54", "text": "going to be the credible path. You"}, {"start": "00:21:52", "end": "00:21:55", "text": "actually need Congress to get on board."}, {"start": "00:21:54", "end": "00:21:57", "text": "And the probability that Congress would"}, {"start": "00:21:55", "end": "00:21:59", "text": "get on board when both parties were"}, {"start": "00:21:57", "end": "00:22:02", "text": "projecting to expand the budget deficit"}, {"start": "00:21:59", "end": "00:22:04", "text": "to record non-war non-recession wides,"}, {"start": "00:22:02", "end": "00:22:06", "text": "you have to give up the ghost. And so,"}, {"start": "00:22:04", "end": "00:22:07", "text": "um, you know, just on and and one final"}, {"start": "00:22:06", "end": "00:22:08", "text": "thing I'll say on these politicians, uh,"}, {"start": "00:22:07", "end": "00:22:11", "text": "yeah, I'm talking to you all you"}, {"start": "00:22:08", "end": "00:22:13", "text": "politicians in DC. You know, the reason"}, {"start": "00:22:11", "end": "00:22:15", "text": "that the reason they don't care about"}, {"start": "00:22:13", "end": "00:22:17", "text": "the budget deficit is to your point, you"}, {"start": "00:22:15", "end": "00:22:19", "text": "know, one party spends money and gives"}, {"start": "00:22:17", "end": "00:22:21", "text": "it to their constituents to to to stay"}, {"start": "00:22:19", "end": "00:22:23", "text": "in power to get gain power, stay in"}, {"start": "00:22:21", "end": "00:22:24", "text": "power. The other party cuts taxes and"}, {"start": "00:22:23", "end": "00:22:26", "text": "gives and support their constituents"}, {"start": "00:22:24", "end": "00:22:28", "text": "income that way. And I think um you know"}, {"start": "00:22:26", "end": "00:22:31", "text": "this conversation in the country about"}, {"start": "00:22:28", "end": "00:22:33", "text": "you know buying votes if you will. I"}, {"start": "00:22:31", "end": "00:22:35", "text": "think we have to realize that the wealth"}, {"start": "00:22:33", "end": "00:22:36", "text": "pump is on. You and I talked about Dr."}, {"start": "00:22:35", "end": "00:22:38", "text": "Peter Turchin's you know thesis and his"}, {"start": "00:22:36", "end": "00:22:39", "text": "and his colleagues at the complexity"}, {"start": "00:22:38", "end": "00:22:41", "text": "science hub. Uh they have this term"}, {"start": "00:22:39", "end": "00:22:42", "text": "called the wealth pump. I call it the"}, {"start": "00:22:41", "end": "00:22:43", "text": "reverse Robin Hood effect because it it"}, {"start": "00:22:42", "end": "00:22:45", "text": "makes it easier to for people to figure"}, {"start": "00:22:43", "end": "00:22:47", "text": "out what we're talking about. Uh you"}, {"start": "00:22:45", "end": "00:22:49", "text": "know the rever just imagine what the"}, {"start": "00:22:47", "end": "00:22:50", "text": "Robin Hood effect is in reverse. Like so"}, {"start": "00:22:49", "end": "00:22:51", "text": "that's in my opinion what's happening uh"}, {"start": "00:22:50", "end": "00:22:53", "text": "with Congress. And you can"}, {"start": "00:22:51", "end": "00:22:54", "text": ">> you mean the people who don't have money"}, {"start": "00:22:53", "end": "00:22:56", "text": "have to fund the people who have money?"}, {"start": "00:22:54", "end": "00:22:56", "text": ">> Yes. That's exactly what's happening. In"}, {"start": "00:22:56", "end": "00:22:57", "text": "fact,"}, {"start": "00:22:56", "end": "00:23:00", "text": ">> that's a mind bender."}, {"start": "00:22:57", "end": "00:23:01", "text": ">> Here's some statistics for this. Uh, so"}, {"start": "00:23:00", "end": "00:23:02", "text": "we see when you break down there's"}, {"start": "00:23:01", "end": "00:23:03", "text": "probably like 700 different line items"}, {"start": "00:23:02", "end": "00:23:05", "text": "in the monthly Treasury budget"}, {"start": "00:23:03", "end": "00:23:07", "text": "statement. So, we had to do uh some data"}, {"start": "00:23:05", "end": "00:23:08", "text": "science to figure out um, you know,"}, {"start": "00:23:07", "end": "00:23:10", "text": "where the money goes. And most of the"}, {"start": "00:23:08", "end": "00:23:11", "text": "money goes to Social Security, Medicare."}, {"start": "00:23:10", "end": "00:23:12", "text": "We know that it's, you know, it's"}, {"start": "00:23:11", "end": "00:23:13", "text": "probably like 45, you know, percent of"}, {"start": "00:23:12", "end": "00:23:16", "text": "the the outlays. But"}, {"start": "00:23:13", "end": "00:23:18", "text": ">> where's it come from?"}, {"start": "00:23:16", "end": "00:23:20", "text": ">> It's neither here nor there. uh uh but"}, {"start": "00:23:18", "end": "00:23:22", "text": "uh the the point I'm making is is when"}, {"start": "00:23:20", "end": "00:23:23", "text": "you look at the rest of the spending and"}, {"start": "00:23:22", "end": "00:23:25", "text": "you tally up all the money the"}, {"start": "00:23:23", "end": "00:23:27", "text": "government spends on poor people via"}, {"start": "00:23:25", "end": "00:23:28", "text": "means tested programs federal government"}, {"start": "00:23:27", "end": "00:23:28", "text": "uh spends on poor people mean v mean v"}, {"start": "00:23:28", "end": "00:23:29", "text": "mean v mean v mean v mean v mean v mean"}, {"start": "00:23:28", "end": "00:23:32", "text": "v mean v mean vans program somewhere"}, {"start": "00:23:29", "end": "00:23:33", "text": "about 1.2 to$ 1.3 trillion annualized uh"}, {"start": "00:23:32", "end": "00:23:34", "text": "and it's been that it's been you know"}, {"start": "00:23:33", "end": "00:23:37", "text": "these ratios have been roughly the same"}, {"start": "00:23:34", "end": "00:23:38", "text": "over the last you know dozen years or so"}, {"start": "00:23:37", "end": "00:23:39", "text": "uh when you look at the money the"}, {"start": "00:23:38", "end": "00:23:41", "text": "government spends that pretty much winds"}, {"start": "00:23:39", "end": "00:23:45", "text": "up in the pockets of rich people like us"}, {"start": "00:23:41", "end": "00:23:46", "text": "it's about 2.62 6 2.7 trillion uh and"}, {"start": "00:23:45", "end": "00:23:48", "text": "you know about 1.1 trillion of that on"}, {"start": "00:23:46", "end": "00:23:49", "text": "its way to 1.2 trillion is is net"}, {"start": "00:23:48", "end": "00:23:51", "text": "interest on the debt. Obviously, poor"}, {"start": "00:23:49", "end": "00:23:54", "text": "people don't own financial assets, much"}, {"start": "00:23:51", "end": "00:23:56", "text": "less Treasury bonds. Uh and then the uh"}, {"start": "00:23:54", "end": "00:23:57", "text": "another trillion on on defense uh net"}, {"start": "00:23:56", "end": "00:23:58", "text": "defense. And obviously that money"}, {"start": "00:23:57", "end": "00:24:00", "text": "doesn't go to poor people. It's going to"}, {"start": "00:23:58", "end": "00:24:02", "text": "folks who work at SpaceX, Palunteer,"}, {"start": "00:24:00", "end": "00:24:05", "text": "Andrew, you know, all these, you know,"}, {"start": "00:24:02", "end": "00:24:07", "text": "defense suppliers. And so you're talking"}, {"start": "00:24:05", "end": "00:24:09", "text": "about 36% of the money the federal"}, {"start": "00:24:07", "end": "00:24:11", "text": "government spends about almost $8"}, {"start": "00:24:09", "end": "00:24:13", "text": "trillion the federal government spends"}, {"start": "00:24:11", "end": "00:24:15", "text": "is going directly to rich people where"}, {"start": "00:24:13", "end": "00:24:17", "text": "only 17% is going directly to poor"}, {"start": "00:24:15", "end": "00:24:18", "text": "people. Now, that's a that's an issue."}, {"start": "00:24:17", "end": "00:24:20", "text": "And this has been compounding for for a"}, {"start": "00:24:18", "end": "00:24:21", "text": "long period of time. And so, you know, I"}, {"start": "00:24:20", "end": "00:24:23", "text": "don't know how we get out of this"}, {"start": "00:24:21", "end": "00:24:25", "text": "without more political dysfunction and"}, {"start": "00:24:23", "end": "00:24:27", "text": "and and more just, you know, political"}, {"start": "00:24:25", "end": "00:24:28", "text": "upheaval. Um, but ultimately, I still"}, {"start": "00:24:27", "end": "00:24:30", "text": "think we wind up in a better place"}, {"start": "00:24:28", "end": "00:24:30", "text": "maybe, you know, 5, 10, 15, 20 years"}, {"start": "00:24:30", "end": "00:24:31", "text": "from now."}, {"start": "00:24:30", "end": "00:24:33", "text": ">> If you go and you look at"}, {"start": "00:24:31", "end": "00:24:34", "text": ">> because it'll get that bad."}, {"start": "00:24:33", "end": "00:24:36", "text": ">> Of course, it's going to get that bad."}, {"start": "00:24:34", "end": "00:24:36", "text": "Look at uh social security. Where's the"}, {"start": "00:24:36", "end": "00:24:37", "text": "money come from?"}, {"start": "00:24:36", "end": "00:24:40", "text": ">> Yeah."}, {"start": "00:24:37", "end": "00:24:42", "text": ">> Young people are funding the old people."}, {"start": "00:24:40", "end": "00:24:44", "text": "The old people, there's a lot of them."}, {"start": "00:24:42", "end": "00:24:47", "text": "The young people are not growing as fast"}, {"start": "00:24:44", "end": "00:24:49", "text": "as the older cohort. And therefore you"}, {"start": "00:24:47", "end": "00:24:50", "text": "have quite literally a Ponzi scheme y"}, {"start": "00:24:49", "end": "00:24:53", "text": "that is being run"}, {"start": "00:24:50", "end": "00:24:55", "text": ">> which whether people like it or not"}, {"start": "00:24:53", "end": "00:24:57", "text": "whatever the idea that the young people"}, {"start": "00:24:55", "end": "00:24:59", "text": "are funding the old people"}, {"start": "00:24:57", "end": "00:25:01", "text": ">> is the opposite of what I think people"}, {"start": "00:24:59", "end": "00:25:03", "text": "generally philosophically believe should"}, {"start": "00:25:01", "end": "00:25:04", "text": "be happening is the older generations"}, {"start": "00:25:03", "end": "00:25:06", "text": "should be looking out for the younger"}, {"start": "00:25:04", "end": "00:25:08", "text": "generations. You should be giving a"}, {"start": "00:25:06", "end": "00:25:09", "text": "better future and all this stuff. We"}, {"start": "00:25:08", "end": "00:25:12", "text": "have the opposite happening in this"}, {"start": "00:25:09", "end": "00:25:15", "text": "country. If you look at homes,"}, {"start": "00:25:12", "end": "00:25:17", "text": "there is a very large cohort of people"}, {"start": "00:25:15", "end": "00:25:17", "text": "who do not want home prices to go down."}, {"start": "00:25:17", "end": "00:25:18", "text": ">> Yeah."}, {"start": "00:25:17", "end": "00:25:20", "text": ">> And it's all the people who own the"}, {"start": "00:25:18", "end": "00:25:23", "text": "homes."}, {"start": "00:25:20", "end": "00:25:23", "text": ">> Exactly."}, {"start": "00:25:23", "end": "00:25:27", "text": ">> Because every time you hear"}, {"start": "00:25:24", "end": "00:25:28", "text": "affordability, they hear, \"I'm going to"}, {"start": "00:25:27", "end": "00:25:31", "text": "lose money on my home.\""}, {"start": "00:25:28", "end": "00:25:33", "text": ">> 100%. And right now, I've actually seen"}, {"start": "00:25:31", "end": "00:25:35", "text": "in the last two weeks or so a number of"}, {"start": "00:25:33", "end": "00:25:37", "text": "articles that are talking about"}, {"start": "00:25:35", "end": "00:25:40", "text": "mortgage rates are ticking up, interest"}, {"start": "00:25:37", "end": "00:25:42", "text": "rates have gone up, home prices are"}, {"start": "00:25:40", "end": "00:25:45", "text": "getting slashed."}, {"start": "00:25:42", "end": "00:25:47", "text": "If you don't own a home, you don't"}, {"start": "00:25:45", "end": "00:25:48", "text": "really understand there is a full-on"}, {"start": "00:25:47", "end": "00:25:50", "text": "panic in this country of anyone trying"}, {"start": "00:25:48", "end": "00:25:51", "text": "to sell their home because they're like,"}, {"start": "00:25:50", "end": "00:25:52", "text": "\"Wait a minute, there's a gridlock."}, {"start": "00:25:51", "end": "00:25:54", "text": "There's not a lot of home uh transaction"}, {"start": "00:25:52", "end": "00:25:56", "text": "volume happening."}, {"start": "00:25:54", "end": "00:25:58", "text": ">> And in order for me to sell this home,"}, {"start": "00:25:56", "end": "00:26:00", "text": "I've got to drop the price to such a low"}, {"start": "00:25:58", "end": "00:26:01", "text": "level"}, {"start": "00:26:00", "end": "00:26:02", "text": ">> that I might as well just keep it."}, {"start": "00:26:01", "end": "00:26:03", "text": ">> Just keep it."}, {"start": "00:26:02", "end": "00:26:07", "text": ">> And so then they turn and they say,"}, {"start": "00:26:03", "end": "00:26:08", "text": "\"Okay, well, could I rent it?\""}, {"start": "00:26:07", "end": "00:26:11", "text": "But one of the things that goes"}, {"start": "00:26:08", "end": "00:26:14", "text": "undisussed is a lot of the boomer"}, {"start": "00:26:11", "end": "00:26:16", "text": "generation, I say as a loving term, they"}, {"start": "00:26:14", "end": "00:26:17", "text": "live in homes that they've lived in for"}, {"start": "00:26:16", "end": "00:26:18", "text": "20 years."}, {"start": "00:26:17", "end": "00:26:20", "text": ">> Yeah."}, {"start": "00:26:18", "end": "00:26:21", "text": ">> Young people don't want those homes."}, {"start": "00:26:20", "end": "00:26:24", "text": ">> Not at all. They don't want the"}, {"start": "00:26:21", "end": "00:26:27", "text": "McMansion in the suburbs. That's a 20,"}, {"start": "00:26:24", "end": "00:26:29", "text": "25, 30 year old home. And so I was"}, {"start": "00:26:27", "end": "00:26:30", "text": "explaining to somebody recently that has"}, {"start": "00:26:29", "end": "00:26:32", "text": "one of these homes and is trying to sell"}, {"start": "00:26:30", "end": "00:26:34", "text": "it. And I've watched them for a year and"}, {"start": "00:26:32", "end": "00:26:38", "text": "a half, two years now."}, {"start": "00:26:34", "end": "00:26:41", "text": "You have a product that the person who's"}, {"start": "00:26:38", "end": "00:26:42", "text": "supposed to buy does not want and can't"}, {"start": "00:26:41", "end": "00:26:44", "text": "afford."}, {"start": "00:26:42", "end": "00:26:45", "text": ">> And you have it at a price point where"}, {"start": "00:26:44", "end": "00:26:46", "text": "they quite literally do not have the"}, {"start": "00:26:45", "end": "00:26:48", "text": "money."}, {"start": "00:26:46", "end": "00:26:51", "text": ">> Yeah. So, even if you were to say, \"I'm"}, {"start": "00:26:48", "end": "00:26:54", "text": "going to put new paint or you know what,"}, {"start": "00:26:51", "end": "00:26:56", "text": "like like put lipstick on it,"}, {"start": "00:26:54", "end": "00:26:58", "text": ">> they still can't afford it.\" So, you"}, {"start": "00:26:56", "end": "00:27:00", "text": "have a choice to make. Either you're the"}, {"start": "00:26:58", "end": "00:27:02", "text": "bag holder and you got to figure out"}, {"start": "00:27:00", "end": "00:27:04", "text": "something to do or"}, {"start": "00:27:02", "end": "00:27:04", "text": ">> rip the band-aid off."}, {"start": "00:27:04", "end": "00:27:06", "text": ">> Yeah."}, {"start": "00:27:04", "end": "00:27:08", "text": ">> And that's what's happening across the"}, {"start": "00:27:06", "end": "00:27:10", "text": "economy is people are realizing like,"}, {"start": "00:27:08", "end": "00:27:12", "text": "wait a second. So we have actually young"}, {"start": "00:27:10", "end": "00:27:14", "text": "people are funding older people which"}, {"start": "00:27:12", "end": "00:27:15", "text": "puts immense amount of stress on"}, {"start": "00:27:14", "end": "00:27:17", "text": "government spending"}, {"start": "00:27:15", "end": "00:27:19", "text": ">> 100%."}, {"start": "00:27:17", "end": "00:27:21", "text": "Man this is a it's an intractable"}, {"start": "00:27:19", "end": "00:27:22", "text": "problem. I love your your analogy that"}, {"start": "00:27:21", "end": "00:27:23", "text": "that makes a lot of sense especially in"}, {"start": "00:27:22", "end": "00:27:26", "text": "the context we were talking about"}, {"start": "00:27:23", "end": "00:27:28", "text": "earlier. The spread between the uh"}, {"start": "00:27:26", "end": "00:27:29", "text": "marginal mortgage rate and the effective"}, {"start": "00:27:28", "end": "00:27:31", "text": "mortgage rate. So the marginal mortgage"}, {"start": "00:27:29", "end": "00:27:32", "text": "rate is what you would you pay if you"}, {"start": "00:27:31", "end": "00:27:34", "text": "bought a got a mortgage today and the"}, {"start": "00:27:32", "end": "00:27:35", "text": "effective mortgage rate is what's the"}, {"start": "00:27:34", "end": "00:27:37", "text": "mortgage on all the existing mortgage"}, {"start": "00:27:35", "end": "00:27:39", "text": "stock of debt in the economy. you know,"}, {"start": "00:27:37", "end": "00:27:41", "text": "it's about 250 basis points, but it's"}, {"start": "00:27:39", "end": "00:27:42", "text": "roughly an all-time widespread. And so"}, {"start": "00:27:41", "end": "00:27:44", "text": "that's obviously contributing to this"}, {"start": "00:27:42", "end": "00:27:46", "text": "lock in effect u that you're you're"}, {"start": "00:27:44", "end": "00:27:47", "text": "essentially alluding to uh as well. And"}, {"start": "00:27:46", "end": "00:27:48", "text": "part of the reason that spread is so"}, {"start": "00:27:47", "end": "00:27:50", "text": "high and part of the reason the spread"}, {"start": "00:27:48", "end": "00:27:52", "text": "between mortgages and treasury bonds is"}, {"start": "00:27:50", "end": "00:27:54", "text": "is is not historically wide. It was"}, {"start": "00:27:52", "end": "00:27:55", "text": "wider a few years ago, but it's still,"}, {"start": "00:27:54", "end": "00:27:57", "text": "you know, structurally wide, you know,"}, {"start": "00:27:55", "end": "00:27:58", "text": "relative to what had been for decades."}, {"start": "00:27:57", "end": "00:28:00", "text": "Part of the reason that spread is wide"}, {"start": "00:27:58", "end": "00:28:02", "text": "as it is is going back to what we talked"}, {"start": "00:28:00", "end": "00:28:04", "text": "about that 40/20. The government now"}, {"start": "00:28:02", "end": "00:28:05", "text": "needs 40% of the world's savings as"}, {"start": "00:28:04", "end": "00:28:07", "text": "opposed to 20% of the world savings. So,"}, {"start": "00:28:05", "end": "00:28:08", "text": "there's a missing 20% of the world's"}, {"start": "00:28:07", "end": "00:28:10", "text": "savings that used to go to capitalize"}, {"start": "00:28:08", "end": "00:28:12", "text": "our mortgage market, used to go to lend"}, {"start": "00:28:10", "end": "00:28:13", "text": "to small businesses, it used to go to"}, {"start": "00:28:12", "end": "00:28:15", "text": "lend to low to medium income consumers,"}, {"start": "00:28:13", "end": "00:28:17", "text": "it used to go to lots of things that is"}, {"start": "00:28:15", "end": "00:28:20", "text": "no longer going to um and it's really"}, {"start": "00:28:17", "end": "00:28:23", "text": "just I mean it's it's it's a perverse"}, {"start": "00:28:20", "end": "00:28:25", "text": "set of incentives because ironically the"}, {"start": "00:28:23", "end": "00:28:28", "text": "only ways to deal with this this this we"}, {"start": "00:28:25", "end": "00:28:29", "text": "calling the debt disease are three ways"}, {"start": "00:28:28", "end": "00:28:31", "text": "or three acceptable ways. There's"}, {"start": "00:28:29", "end": "00:28:33", "text": "there's there's a fourth there fifth"}, {"start": "00:28:31", "end": "00:28:35", "text": "there's five ways. Two of them are bad."}, {"start": "00:28:33", "end": "00:28:36", "text": "Uh, one of the acceptable ways is you"}, {"start": "00:28:35", "end": "00:28:37", "text": "can reduce the deficit, you know, try to"}, {"start": "00:28:36", "end": "00:28:40", "text": "cut your way out of the problem. That's"}, {"start": "00:28:37", "end": "00:28:41", "text": "what we call paradigm B. Uh, you can,"}, {"start": "00:28:40", "end": "00:28:43", "text": "right now we're in paradigm C. You can"}, {"start": "00:28:41", "end": "00:28:44", "text": "try to boom the economy, grow your way"}, {"start": "00:28:43", "end": "00:28:46", "text": "out of it, or try to, you know, try to"}, {"start": "00:28:44", "end": "00:28:47", "text": "grow the denominator faster than you're"}, {"start": "00:28:46", "end": "00:28:49", "text": "growing the numerator. Uh, that's what"}, {"start": "00:28:47", "end": "00:28:50", "text": "we're attempting to do. And, and we're"}, {"start": "00:28:49", "end": "00:28:52", "text": "having quite a bit of success with that."}, {"start": "00:28:50", "end": "00:28:54", "text": "We're growing nominal GDP on the X"}, {"start": "00:28:52", "end": "00:28:55", "text": "government and net exports basis. It's"}, {"start": "00:28:54", "end": "00:28:57", "text": "8% in the most recent quarter. That"}, {"start": "00:28:55", "end": "00:28:59", "text": "compares to low a pre-COVID mean of 4%."}, {"start": "00:28:57", "end": "00:29:00", "text": "So, we're doubling our nominal growth"}, {"start": "00:28:59", "end": "00:29:02", "text": "rate. So, we're succeeding at at"}, {"start": "00:29:00", "end": "00:29:04", "text": "paradigm C. Uh but ultimately the"}, {"start": "00:29:02", "end": "00:29:06", "text": "factors of production will eventually"}, {"start": "00:29:04", "end": "00:29:07", "text": "limit how fast you grow unless you"}, {"start": "00:29:06", "end": "00:29:08", "text": "create more factors production which"}, {"start": "00:29:07", "end": "00:29:10", "text": "obviously what is part of the reason why"}, {"start": "00:29:08", "end": "00:29:12", "text": "they're so gung-ho and u gung-ho and"}, {"start": "00:29:10", "end": "00:29:12", "text": "advancing AI but that's a different"}, {"start": "00:29:12", "end": "00:29:14", "text": "topic."}, {"start": "00:29:12", "end": "00:29:16", "text": ">> Uh supreme intelligence we call it now."}, {"start": "00:29:14", "end": "00:29:17", "text": ">> Yeah what obviously whatever y'all want"}, {"start": "00:29:16", "end": "00:29:18", "text": "to call it man"}, {"start": "00:29:17", "end": "00:29:19", "text": ">> we don't like artificial or anything we"}, {"start": "00:29:18", "end": "00:29:22", "text": "like supreme"}, {"start": "00:29:19", "end": "00:29:23", "text": ">> exactly uh and then there's paradigm D."}, {"start": "00:29:22", "end": "00:29:25", "text": "Typically what happens is you know you"}, {"start": "00:29:23", "end": "00:29:26", "text": "run out of growth uh and then ultimately"}, {"start": "00:29:25", "end": "00:29:29", "text": "you have to start printing the demand"}, {"start": "00:29:26", "end": "00:29:31", "text": "for uh the debt securities. Uh the issue"}, {"start": "00:29:29", "end": "00:29:33", "text": "is is the only path that leads to less"}, {"start": "00:29:31", "end": "00:29:35", "text": "political dysfunction and there's the"}, {"start": "00:29:33", "end": "00:29:37", "text": "other two obviously default and total"}, {"start": "00:29:35", "end": "00:29:40", "text": "war. Uh historically countries when they"}, {"start": "00:29:37", "end": "00:29:42", "text": "needed money they would drum up war and"}, {"start": "00:29:40", "end": "00:29:43", "text": "try to go take money from it. They would"}, {"start": "00:29:42", "end": "00:29:44", "text": "go get it. They would literally go get"}, {"start": "00:29:43", "end": "00:29:46", "text": "it. They cross borders and try to take"}, {"start": "00:29:44", "end": "00:29:47", "text": "money. That's that's that's that's"}, {"start": "00:29:46", "end": "00:29:49", "text": "assume those are less desirable"}, {"start": "00:29:47", "end": "00:29:50", "text": "outcomes. Let's focus on these three."}, {"start": "00:29:49", "end": "00:29:52", "text": "The only one of these three outcomes,"}, {"start": "00:29:50", "end": "00:29:54", "text": "acceptable outcomes, cut, grow, print,"}, {"start": "00:29:52", "end": "00:29:58", "text": "that actually leads to less political"}, {"start": "00:29:54", "end": "00:30:00", "text": "dysfunction, more societal cohesion is"}, {"start": "00:29:58", "end": "00:30:02", "text": "reducing the deficit is is is because"}, {"start": "00:30:00", "end": "00:30:04", "text": "the other ones lead to eventually"}, {"start": "00:30:02", "end": "00:30:06", "text": "inflation and eventually inflation in an"}, {"start": "00:30:04", "end": "00:30:08", "text": "economy that already has a nationwide"}, {"start": "00:30:06", "end": "00:30:10", "text": "affordability crisis where by the way"}, {"start": "00:30:08", "end": "00:30:12", "text": "70% JP Morgan senior economist said that"}, {"start": "00:30:10", "end": "00:30:14", "text": "70% of Americans live paycheck to"}, {"start": "00:30:12", "end": "00:30:17", "text": "paycheck. That is a heartbreaking"}, {"start": "00:30:14", "end": "00:30:19", "text": "statistic pump. As someone who grew up"}, {"start": "00:30:17", "end": "00:30:20", "text": "barely hoping to live paycheck to"}, {"start": "00:30:19", "end": "00:30:22", "text": "paycheck because we didn't even have"}, {"start": "00:30:20", "end": "00:30:24", "text": "paychecks,"}, {"start": "00:30:22", "end": "00:30:25", "text": ">> the hopelessness you feel as a human"}, {"start": "00:30:24", "end": "00:30:27", "text": "being"}, {"start": "00:30:25", "end": "00:30:30", "text": ">> when you can't accumulate savings and"}, {"start": "00:30:27", "end": "00:30:31", "text": "get ahead and at least aspire to join"}, {"start": "00:30:30", "end": "00:30:33", "text": "the capital class, which is the only"}, {"start": "00:30:31", "end": "00:30:34", "text": "class in this country, in this"}, {"start": "00:30:33", "end": "00:30:36", "text": "capitalism society that allows your life"}, {"start": "00:30:34", "end": "00:30:38", "text": "to get better over time. You need to"}, {"start": "00:30:36", "end": "00:30:40", "text": "have your money making money for you. If"}, {"start": "00:30:38", "end": "00:30:41", "text": "you're just using your labor to your"}, {"start": "00:30:40", "end": "00:30:43", "text": "hand of mouth, you're never going to get"}, {"start": "00:30:41", "end": "00:30:45", "text": "ahead. especially in this in in an"}, {"start": "00:30:43", "end": "00:30:46", "text": "economy where the laws, the regulations,"}, {"start": "00:30:45", "end": "00:30:48", "text": "the monetary policy and the fiscal"}, {"start": "00:30:46", "end": "00:30:51", "text": "policy is designed to support capital"}, {"start": "00:30:48", "end": "00:30:52", "text": "holders, not labor. Uh uh and so and and"}, {"start": "00:30:51", "end": "00:30:54", "text": "that's by design, by the way. It's not"}, {"start": "00:30:52", "end": "00:30:56", "text": "on accident. Um talk about that"}, {"start": "00:30:54", "end": "00:30:57", "text": ">> the craziest part of this whole thing."}, {"start": "00:30:56", "end": "00:30:59", "text": ">> Today's episode is brought to you by"}, {"start": "00:30:57", "end": "00:31:01", "text": "Simple Mining. Bitcoin mining has a"}, {"start": "00:30:59", "end": "00:31:02", "text": "reputation for being complicated, risky,"}, {"start": "00:31:01", "end": "00:31:04", "text": "and hard to evaluate as a real"}, {"start": "00:31:02", "end": "00:31:07", "text": "investment. If you're considering mining"}, {"start": "00:31:04", "end": "00:31:09", "text": "in 2026, what actually matters isn't"}, {"start": "00:31:07", "end": "00:31:11", "text": "headline profitability. It's uptime,"}, {"start": "00:31:09", "end": "00:31:13", "text": "repairs, and whether the operation is"}, {"start": "00:31:11", "end": "00:31:14", "text": "run like a real business. That's why"}, {"start": "00:31:13", "end": "00:31:16", "text": "I've been using Simple Mining. They're"}, {"start": "00:31:14", "end": "00:31:18", "text": "based in Cedar Falls, Iowa, and they run"}, {"start": "00:31:16", "end": "00:31:20", "text": "a white glove hosting operation where"}, {"start": "00:31:18", "end": "00:31:23", "text": "you own your miners. You choose your own"}, {"start": "00:31:20", "end": "00:31:24", "text": "pool, and you have Bitcoin sent directly"}, {"start": "00:31:23", "end": "00:31:26", "text": "to your wallet. They were featured on"}, {"start": "00:31:24", "end": "00:31:29", "text": "the Inc. 5000 list as the fastest"}, {"start": "00:31:26", "end": "00:31:31", "text": "growing company in Iowa with over 40,000"}, {"start": "00:31:29", "end": "00:31:33", "text": "machines under management. What stands"}, {"start": "00:31:31", "end": "00:31:35", "text": "out to me is execution. They have the"}, {"start": "00:31:33", "end": "00:31:37", "text": "number one rated ASIC repair center, and"}, {"start": "00:31:35", "end": "00:31:39", "text": "for the first 12 months, repairs are"}, {"start": "00:31:37", "end": "00:31:41", "text": "included. If mining margins get tight,"}, {"start": "00:31:39", "end": "00:31:42", "text": "you can pause with no penalties. And if"}, {"start": "00:31:41", "end": "00:31:44", "text": "you want to resize or upgrade your"}, {"start": "00:31:42", "end": "00:31:46", "text": "fleet, there's a marketplace to resell"}, {"start": "00:31:44", "end": "00:31:47", "text": "equipment instead of being stuck. To"}, {"start": "00:31:46", "end": "00:31:49", "text": "help people think it through whether"}, {"start": "00:31:47", "end": "00:31:51", "text": "mining actually makes sense right now,"}, {"start": "00:31:49", "end": "00:31:52", "text": "they put together a short resource"}, {"start": "00:31:51", "end": "00:31:54", "text": "called the 2026 Bitcoin mining"}, {"start": "00:31:52", "end": "00:31:56", "text": "blueprint. It walks through the five"}, {"start": "00:31:54", "end": "00:31:58", "text": "mistakes investors make when allocating"}, {"start": "00:31:56", "end": "00:32:00", "text": "to mining. And they also explain how to"}, {"start": "00:31:58", "end": "00:32:01", "text": "avoid them before deploying capital. If"}, {"start": "00:32:00", "end": "00:32:05", "text": "it sounds interesting to you, you can"}, {"start": "00:32:01", "end": "00:32:07", "text": "get it for free at simplemining.io/p."}, {"start": "00:32:05", "end": "00:32:10", "text": "That's simplemining.io."}, {"start": "00:32:07", "end": "00:32:12", "text": "io/pump. Go check it out today and see"}, {"start": "00:32:10", "end": "00:32:14", "text": "if you should get into the mining game."}, {"start": "00:32:12", "end": "00:32:18", "text": ">> The craziest part of this whole thing is"}, {"start": "00:32:14", "end": "00:32:20", "text": "the one technology that can lift all of"}, {"start": "00:32:18", "end": "00:32:24", "text": "these people out of the situation"}, {"start": "00:32:20", "end": "00:32:27", "text": "is the exact technology that a bunch of"}, {"start": "00:32:24", "end": "00:32:29", "text": "rich unemployed kids for the most part"}, {"start": "00:32:27", "end": "00:32:30", "text": "are railing against."}, {"start": "00:32:29", "end": "00:32:31", "text": ">> Yeah. Which is ironic. Yeah."}, {"start": "00:32:30", "end": "00:32:34", "text": ">> Right."}, {"start": "00:32:31", "end": "00:32:37", "text": ">> And you basically have two groups of"}, {"start": "00:32:34", "end": "00:32:39", "text": "people. You have a bunch of nerds who"}, {"start": "00:32:37", "end": "00:32:42", "text": "are saying, \"Oo, we created something"}, {"start": "00:32:39", "end": "00:32:43", "text": "that could kill everybody.\" Okay. And"}, {"start": "00:32:42", "end": "00:32:46", "text": "then you got a bunch of other people who"}, {"start": "00:32:43", "end": "00:32:47", "text": "are saying, \"Oh, this AI thing. Don't"}, {"start": "00:32:46", "end": "00:32:48", "text": "use it.\""}, {"start": "00:32:47", "end": "00:32:52", "text": ">> Yeah."}, {"start": "00:32:48", "end": "00:32:54", "text": ">> Don't use it. But if you look at"}, {"start": "00:32:52", "end": "00:32:56", "text": "what does Bitcoin do? It creates all"}, {"start": "00:32:54", "end": "00:32:59", "text": "these computers that work for you to"}, {"start": "00:32:56", "end": "00:33:01", "text": "defend your economic value. You took"}, {"start": "00:32:59", "end": "00:33:04", "text": "what used to be the dream of the richest"}, {"start": "00:33:01", "end": "00:33:07", "text": "person in the world in terms of how it's"}, {"start": "00:33:04", "end": "00:33:08", "text": "an army of compute that is defending"}, {"start": "00:33:07", "end": "00:33:09", "text": "against money printing."}, {"start": "00:33:08", "end": "00:33:11", "text": ">> Yeah. 100%."}, {"start": "00:33:09", "end": "00:33:13", "text": ">> Incredibly valuable that you give it to"}, {"start": "00:33:11", "end": "00:33:17", "text": "and you democratize access to the"}, {"start": "00:33:13", "end": "00:33:20", "text": "average individual. AI all it does is it"}, {"start": "00:33:17", "end": "00:33:22", "text": "says okay you're one person. What if we"}, {"start": "00:33:20", "end": "00:33:25", "text": "got you higher level of intelligence? So"}, {"start": "00:33:22", "end": "00:33:26", "text": "you're hiring someone who's 150 IQ and"}, {"start": "00:33:25", "end": "00:33:28", "text": "then let's just multiply. Like you could"}, {"start": "00:33:26", "end": "00:33:31", "text": "have a hundred of these people working"}, {"start": "00:33:28", "end": "00:33:32", "text": "for you at all times. Now there are"}, {"start": "00:33:31", "end": "00:33:34", "text": "still people who are lazy who don't want"}, {"start": "00:33:32", "end": "00:33:35", "text": "to do anything. I I love when people are"}, {"start": "00:33:34", "end": "00:33:36", "text": "like, \"Oh, most consumers don't want to"}, {"start": "00:33:35", "end": "00:33:38", "text": "be productive.\" Like actually they just"}, {"start": "00:33:36", "end": "00:33:39", "text": "want to like go into snooze mode and"}, {"start": "00:33:38", "end": "00:33:40", "text": "just watch TV."}, {"start": "00:33:39", "end": "00:33:45", "text": ">> That's their right by the way. Yeah,"}, {"start": "00:33:40", "end": "00:33:48", "text": ">> 100%. But this technology now is giving"}, {"start": "00:33:45", "end": "00:33:50", "text": "them access to, you know, go to an"}, {"start": "00:33:48", "end": "00:33:52", "text": "extreme. When Bill Gates was running"}, {"start": "00:33:50", "end": "00:33:54", "text": "Microsoft in the '9s, how many people"}, {"start": "00:33:52", "end": "00:33:56", "text": "did he have? How much intellectual"}, {"start": "00:33:54", "end": "00:33:57", "text": "horsepower was inside of Microsoft?"}, {"start": "00:33:56", "end": "00:34:00", "text": ">> Yeah."}, {"start": "00:33:57", "end": "00:34:03", "text": ">> In 30 years, have we now given the same"}, {"start": "00:34:00", "end": "00:34:05", "text": "amount of productivity power to the"}, {"start": "00:34:03", "end": "00:34:05", "text": "average human that Bill Gates had in the"}, {"start": "00:34:05", "end": "00:34:06", "text": "'90s?"}, {"start": "00:34:05", "end": "00:34:08", "text": ">> Yeah."}, {"start": "00:34:06", "end": "00:34:10", "text": ">> Maybe people maybe people are like,"}, {"start": "00:34:08", "end": "00:34:12", "text": "\"Okay, not that extreme."}, {"start": "00:34:10", "end": "00:34:12", "text": ">> But okay, if we go back to the 50s for"}, {"start": "00:34:12", "end": "00:34:14", "text": "sure,"}, {"start": "00:34:12", "end": "00:34:15", "text": ">> yeah,"}, {"start": "00:34:14", "end": "00:34:17", "text": ">> give it 12 more months, 24 more months.\""}, {"start": "00:34:15", "end": "00:34:19", "text": "It's like you're going to have more"}, {"start": "00:34:17", "end": "00:34:21", "text": "resources available to you than Bill"}, {"start": "00:34:19", "end": "00:34:22", "text": "Gates did when he was running Microsoft"}, {"start": "00:34:21", "end": "00:34:24", "text": "in the9s in terms of intellectual"}, {"start": "00:34:22", "end": "00:34:26", "text": "horsepower."}, {"start": "00:34:24", "end": "00:34:27", "text": "Well, like that dude did pretty well for"}, {"start": "00:34:26", "end": "00:34:29", "text": "himself 100%."}, {"start": "00:34:27", "end": "00:34:32", "text": ">> And so we're discouraging people from"}, {"start": "00:34:29", "end": "00:34:34", "text": "using the one technology that actually"}, {"start": "00:34:32", "end": "00:34:36", "text": "can help them escape the problem that"}, {"start": "00:34:34", "end": "00:34:38", "text": "they're in."}, {"start": "00:34:36", "end": "00:34:39", "text": ">> Yeah. Uh I completely agree with"}, {"start": "00:34:38", "end": "00:34:43", "text": "everything you said. The one thing I"}, {"start": "00:34:39", "end": "00:34:44", "text": "would my caveat would be I don't think"}, {"start": "00:34:43", "end": "00:34:46", "text": ">> we're never going to have like a a"}, {"start": "00:34:44", "end": "00:34:48", "text": "classless society. There have been"}, {"start": "00:34:46", "end": "00:34:50", "text": "classes since the beginning of time. I"}, {"start": "00:34:48", "end": "00:34:52", "text": "mean, you read the Holy Bible and a lot"}, {"start": "00:34:50", "end": "00:34:54", "text": "of what we see today in terms of the"}, {"start": "00:34:52", "end": "00:34:56", "text": "cyclical pattern of human behavior, you"}, {"start": "00:34:54", "end": "00:34:57", "text": "know, the the the cohesion, the the move"}, {"start": "00:34:56", "end": "00:34:59", "text": "towards cohesion, the move away from"}, {"start": "00:34:57", "end": "00:35:01", "text": "cohesion, the move towards community,"}, {"start": "00:34:59", "end": "00:35:02", "text": "the move away from community, um the"}, {"start": "00:35:01", "end": "00:35:04", "text": "move towards selfishness, the move"}, {"start": "00:35:02", "end": "00:35:05", "text": "towards selflessness. there's these all"}, {"start": "00:35:04", "end": "00:35:07", "text": "these cyclical patterns you can see"}, {"start": "00:35:05", "end": "00:35:08", "text": "across, you know, millennia of time, you"}, {"start": "00:35:07", "end": "00:35:10", "text": "know, tens of thousands of years of time"}, {"start": "00:35:08", "end": "00:35:12", "text": "when you read the Bible. And, you know,"}, {"start": "00:35:10", "end": "00:35:13", "text": "so we're we're trapped in that same saga"}, {"start": "00:35:12", "end": "00:35:16", "text": "today because we're humans and we're,"}, {"start": "00:35:13", "end": "00:35:18", "text": "you know, we're born sinners. And so on"}, {"start": "00:35:16", "end": "00:35:19", "text": "this point of of of classism, like we're"}, {"start": "00:35:18", "end": "00:35:21", "text": "always going to have different classes."}, {"start": "00:35:19", "end": "00:35:23", "text": "That's why I've been saying, you know,"}, {"start": "00:35:21", "end": "00:35:24", "text": "we need to turn the K-shaped economy to"}, {"start": "00:35:23", "end": "00:35:26", "text": "an E-shaped economy because not"}, {"start": "00:35:24", "end": "00:35:28", "text": "everybody wants to climb the social"}, {"start": "00:35:26", "end": "00:35:29", "text": "economic ladder or will is willing to do"}, {"start": "00:35:28", "end": "00:35:31", "text": "what it takes to cl to take the tools"}, {"start": "00:35:29", "end": "00:35:33", "text": "and and climb the social economic"}, {"start": "00:35:31", "end": "00:35:36", "text": "ladder. you know, we should create an"}, {"start": "00:35:33", "end": "00:35:37", "text": "economy and in a society where everyone"}, {"start": "00:35:36", "end": "00:35:38", "text": "feels like they're moving in the same"}, {"start": "00:35:37", "end": "00:35:40", "text": "direction."}, {"start": "00:35:38", "end": "00:35:42", "text": ">> That's that to me is the underlying"}, {"start": "00:35:40", "end": "00:35:43", "text": "issue. Like we can't create we're never"}, {"start": "00:35:42", "end": "00:35:44", "text": "going to be able to create a society"}, {"start": "00:35:43", "end": "00:35:46", "text": "where everyone is rich by definition."}, {"start": "00:35:44", "end": "00:35:48", "text": "Like it's like just by definition you"}, {"start": "00:35:46", "end": "00:35:50", "text": "can't do that. Uh and so once we move"}, {"start": "00:35:48", "end": "00:35:51", "text": "away from that kind of fallacy, you can"}, {"start": "00:35:50", "end": "00:35:52", "text": "start to you know you can start to"}, {"start": "00:35:51", "end": "00:35:53", "text": "create"}, {"start": "00:35:52", "end": "00:35:54", "text": ">> Don't tell socialists."}, {"start": "00:35:53", "end": "00:35:56", "text": ">> Well, I won't I don't listen to anybody"}, {"start": "00:35:54", "end": "00:35:58", "text": "but themselves obviously."}, {"start": "00:35:56", "end": "00:36:00", "text": "And I'll say the same thing about the"}, {"start": "00:35:58", "end": "00:36:02", "text": "the staunch capitalist. I'm on my way to"}, {"start": "00:36:00", "end": "00:36:04", "text": "to our friends at Fox uh business this"}, {"start": "00:36:02", "end": "00:36:06", "text": "afternoon and I'll say the same thing to"}, {"start": "00:36:04", "end": "00:36:07", "text": "them. Both both extremes only listen to"}, {"start": "00:36:06", "end": "00:36:09", "text": "themselves cuz they think they have all"}, {"start": "00:36:07", "end": "00:36:10", "text": "the solutions. But the reality is none"}, {"start": "00:36:09", "end": "00:36:12", "text": "of us have all the solutions. We all"}, {"start": "00:36:10", "end": "00:36:13", "text": "need to work together to solve these"}, {"start": "00:36:12", "end": "00:36:14", "text": "intractable problems because otherwise"}, {"start": "00:36:13", "end": "00:36:16", "text": "they're not going to get fixed."}, {"start": "00:36:14", "end": "00:36:19", "text": ">> Mhm. The um the thing I do find"}, {"start": "00:36:16", "end": "00:36:21", "text": "interesting is when you look at um"}, {"start": "00:36:19", "end": "00:36:23", "text": "economic mobility and you were to score"}, {"start": "00:36:21", "end": "00:36:24", "text": "countries, America is still probably the"}, {"start": "00:36:23", "end": "00:36:27", "text": "leader if not one of the top leaders for"}, {"start": "00:36:24", "end": "00:36:28", "text": "sure in economic mobility. If you then"}, {"start": "00:36:27", "end": "00:36:29", "text": "go and you look at"}, {"start": "00:36:28", "end": "00:36:30", "text": ">> the problem is it's going down. That's"}, {"start": "00:36:29", "end": "00:36:32", "text": "the issue."}, {"start": "00:36:30", "end": "00:36:35", "text": ">> Well, if other places are going down as"}, {"start": "00:36:32", "end": "00:36:38", "text": "well, but America almost has so much of"}, {"start": "00:36:35", "end": "00:36:39", "text": "a lead that has further to like fall"}, {"start": "00:36:38", "end": "00:36:40", "text": "like it can accelerate, right? It's kind"}, {"start": "00:36:39", "end": "00:36:42", "text": "of like, you know, the higher up you"}, {"start": "00:36:40", "end": "00:36:43", "text": "are, the faster the acceleration. Now,"}, {"start": "00:36:42", "end": "00:36:46", "text": ">> the second piece though is if you look"}, {"start": "00:36:43", "end": "00:36:47", "text": "at social mobility and I actually think"}, {"start": "00:36:46", "end": "00:36:49", "text": "that we everyone focus on economic"}, {"start": "00:36:47", "end": "00:36:51", "text": "mobility for obvious reasons. The social"}, {"start": "00:36:49", "end": "00:36:53", "text": "mobility, we have a very interesting"}, {"start": "00:36:51", "end": "00:36:56", "text": "dynamic in this country. If you go on"}, {"start": "00:36:53", "end": "00:36:58", "text": "Instagram, you see some people who"}, {"start": "00:36:56", "end": "00:36:58", "text": "appear to have socially been very"}, {"start": "00:36:58", "end": "00:36:59", "text": "mobile."}, {"start": "00:36:58", "end": "00:37:00", "text": ">> Yeah."}, {"start": "00:36:59", "end": "00:37:01", "text": ">> Hey, I knew that kid in high school."}, {"start": "00:37:00", "end": "00:37:02", "text": ">> Yeah."}, {"start": "00:37:01", "end": "00:37:04", "text": ">> He wasn't the smartest. He wasn't the"}, {"start": "00:37:02", "end": "00:37:05", "text": "richest. He wasn't whatever. He got a"}, {"start": "00:37:04", "end": "00:37:06", "text": "Ferrari now."}, {"start": "00:37:05", "end": "00:37:08", "text": ">> Yeah."}, {"start": "00:37:06", "end": "00:37:09", "text": ">> The appearance almost becomes more"}, {"start": "00:37:08", "end": "00:37:11", "text": "important than the truth."}, {"start": "00:37:09", "end": "00:37:13", "text": ">> Yeah. But that same person, and I know"}, {"start": "00:37:11", "end": "00:37:14", "text": "some of these people um there are a"}, {"start": "00:37:13", "end": "00:37:18", "text": "couple people I've met in the last two"}, {"start": "00:37:14", "end": "00:37:20", "text": "or three years that uh turned to me or"}, {"start": "00:37:18", "end": "00:37:22", "text": "people that are close to me and were"}, {"start": "00:37:20", "end": "00:37:24", "text": "like, \"Hey, I need help with XYZ,"}, {"start": "00:37:22", "end": "00:37:26", "text": "thinking through from a personal finance"}, {"start": "00:37:24", "end": "00:37:28", "text": "standpoint.\" Great."}, {"start": "00:37:26", "end": "00:37:30", "text": "And I would know how much money they"}, {"start": "00:37:28", "end": "00:37:32", "text": "made, how much money they had in their"}, {"start": "00:37:30", "end": "00:37:33", "text": "bank account, and we're and trying to"}, {"start": "00:37:32", "end": "00:37:36", "text": "help them think through their life. And"}, {"start": "00:37:33", "end": "00:37:38", "text": "then they'd be like, \"Yo, I'm hitting"}, {"start": "00:37:36", "end": "00:37:40", "text": "the eject button. I'm going to Italy for"}, {"start": "00:37:38", "end": "00:37:43", "text": "2 weeks."}, {"start": "00:37:40", "end": "00:37:46", "text": "And you would just be like, yo, there's"}, {"start": "00:37:43", "end": "00:37:47", "text": "no way you got the money to do that. And"}, {"start": "00:37:46", "end": "00:37:48", "text": "they would figure out a way. Like to"}, {"start": "00:37:47", "end": "00:37:49", "text": "their point, they're almost"}, {"start": "00:37:48", "end": "00:37:51", "text": "entrepreneurial about it, right? They"}, {"start": "00:37:49", "end": "00:37:52", "text": "they would find a way somehow."}, {"start": "00:37:51", "end": "00:37:54", "text": ">> They would just try harder to"}, {"start": "00:37:52", "end": "00:37:55", "text": ">> like credit cards, what it's kind of"}, {"start": "00:37:54", "end": "00:37:56", "text": "like, you know, in school, I spend more"}, {"start": "00:37:55", "end": "00:37:58", "text": "time trying not to do the homework than"}, {"start": "00:37:56", "end": "00:37:58", "text": "I should have just done the homework,"}, {"start": "00:37:58", "end": "00:37:59", "text": "right?"}, {"start": "00:37:58", "end": "00:38:01", "text": ">> But hey, you know, whatever. You feel"}, {"start": "00:37:59", "end": "00:38:02", "text": "like you're making progress. You're just"}, {"start": "00:38:01", "end": "00:38:04", "text": "running in, you know, quicksand."}, {"start": "00:38:02", "end": "00:38:05", "text": ">> But you see this and you're like,"}, {"start": "00:38:04", "end": "00:38:08", "text": ">> \"Oh, wait a minute. there's some"}, {"start": "00:38:05", "end": "00:38:10", "text": "financial education issues, but also"}, {"start": "00:38:08", "end": "00:38:11", "text": "there's something about uh the human"}, {"start": "00:38:10", "end": "00:38:12", "text": "nature of like keeping up with the"}, {"start": "00:38:11", "end": "00:38:14", "text": "Jones."}, {"start": "00:38:12", "end": "00:38:16", "text": ">> And I think that actually the"}, {"start": "00:38:14", "end": "00:38:19", "text": "administration understands in a very"}, {"start": "00:38:16", "end": "00:38:21", "text": "weird way this problem better than most"}, {"start": "00:38:19", "end": "00:38:23", "text": "and they never talk about it."}, {"start": "00:38:21", "end": "00:38:26", "text": ">> But it does feel like there's something"}, {"start": "00:38:23", "end": "00:38:26", "text": "about the respectability of the American"}, {"start": "00:38:26", "end": "00:38:29", "text": "citizen"}, {"start": "00:38:26", "end": "00:38:33", "text": ">> and they don't just want to quote"}, {"start": "00:38:29", "end": "00:38:36", "text": "unquote get rich. They want to feel like"}, {"start": "00:38:33", "end": "00:38:37", "text": "they have something to stand on."}, {"start": "00:38:36", "end": "00:38:38", "text": ">> Yeah. Agree."}, {"start": "00:38:37", "end": "00:38:39", "text": ">> And"}, {"start": "00:38:38", "end": "00:38:40", "text": ">> dignity."}, {"start": "00:38:39", "end": "00:38:42", "text": ">> Dignity. You know, you're like the"}, {"start": "00:38:40", "end": "00:38:44", "text": "farmers in Iowa. They're like, \"Look,"}, {"start": "00:38:42", "end": "00:38:45", "text": "man. I don't need to be the next"}, {"start": "00:38:44", "end": "00:38:46", "text": "Rockefeller."}, {"start": "00:38:45", "end": "00:38:48", "text": ">> I just want to be able to have a place"}, {"start": "00:38:46", "end": "00:38:50", "text": "where I can build a living, have my"}, {"start": "00:38:48", "end": "00:38:54", "text": "family, do all this kind of stuff.\""}, {"start": "00:38:50", "end": "00:38:55", "text": "And so it always is hilarious to me that"}, {"start": "00:38:54", "end": "00:38:59", "text": "like the dude with gold toilets in"}, {"start": "00:38:55", "end": "00:39:01", "text": "Manhattan somehow understood that plight"}, {"start": "00:38:59", "end": "00:39:03", "text": "of those people."}, {"start": "00:39:01", "end": "00:39:05", "text": ">> And now you have this very weird faction"}, {"start": "00:39:03", "end": "00:39:06", "text": "where you have you look at the"}, {"start": "00:39:05", "end": "00:39:08", "text": "Republican party as one example. You"}, {"start": "00:39:06", "end": "00:39:09", "text": "have people who don't have a lot and you"}, {"start": "00:39:08", "end": "00:39:10", "text": "got people who got a hell of a lot."}, {"start": "00:39:09", "end": "00:39:11", "text": ">> Yeah."}, {"start": "00:39:10", "end": "00:39:13", "text": ">> And somehow they've created this like"}, {"start": "00:39:11", "end": "00:39:16", "text": "alliance in the MAGA movement."}, {"start": "00:39:13", "end": "00:39:17", "text": ">> If you look at the Democrat party, you"}, {"start": "00:39:16", "end": "00:39:19", "text": "actually have a very similar thing. You"}, {"start": "00:39:17", "end": "00:39:21", "text": "have very academic kind of elite wealthy"}, {"start": "00:39:19", "end": "00:39:23", "text": "type audience."}, {"start": "00:39:21", "end": "00:39:25", "text": "Yeah. And then you almost have this uh"}, {"start": "00:39:23", "end": "00:39:27", "text": ">> the way we technically are."}, {"start": "00:39:25", "end": "00:39:29", "text": ">> Yeah. But but then you have this like uh"}, {"start": "00:39:27", "end": "00:39:30", "text": "upright like kind of the the Democrat"}, {"start": "00:39:29", "end": "00:39:32", "text": "socialist of America, right? And they"}, {"start": "00:39:30", "end": "00:39:35", "text": "and they have an alliance and and maybe"}, {"start": "00:39:32", "end": "00:39:36", "text": "it's not, you know, uh both of sides of"}, {"start": "00:39:35", "end": "00:39:38", "text": "this are not like, hey, we're perfectly"}, {"start": "00:39:36", "end": "00:39:40", "text": "aligned, but definitely they lean"}, {"start": "00:39:38", "end": "00:39:43", "text": "similar."}, {"start": "00:39:40", "end": "00:39:44", "text": "But when you see this rising up, I think"}, {"start": "00:39:43", "end": "00:39:47", "text": "the question is ultimately going to"}, {"start": "00:39:44", "end": "00:39:50", "text": "become if you want the US economy to"}, {"start": "00:39:47", "end": "00:39:53", "text": "grow and you actually want to use those"}, {"start": "00:39:50", "end": "00:39:54", "text": "factors to improve people's lives, you"}, {"start": "00:39:53", "end": "00:39:55", "text": "have to produce things."}, {"start": "00:39:54", "end": "00:39:58", "text": ">> Yes."}, {"start": "00:39:55", "end": "00:40:00", "text": "And in a very weird way, we're entering"}, {"start": "00:39:58", "end": "00:40:04", "text": "a world where one side is producing a"}, {"start": "00:40:00", "end": "00:40:05", "text": "lot of theories and academic ideas and"}, {"start": "00:40:04", "end": "00:40:07", "text": "the other side, like if you go look at"}, {"start": "00:40:05", "end": "00:40:09", "text": "the re-industrial movement and you know"}, {"start": "00:40:07", "end": "00:40:10", "text": "all this kind like that is coming pretty"}, {"start": "00:40:09", "end": "00:40:12", "text": "much from one group of people."}, {"start": "00:40:10", "end": "00:40:14", "text": ">> Yeah."}, {"start": "00:40:12", "end": "00:40:16", "text": ">> They're in conflict with each other cuz"}, {"start": "00:40:14", "end": "00:40:18", "text": "one thinks policy can solve problems,"}, {"start": "00:40:16", "end": "00:40:18", "text": "the other thinks that action can solve"}, {"start": "00:40:18", "end": "00:40:19", "text": "problems."}, {"start": "00:40:18", "end": "00:40:21", "text": ">> Yeah."}, {"start": "00:40:19", "end": "00:40:24", "text": ">> Public sector versus private sector,"}, {"start": "00:40:21", "end": "00:40:25", "text": "right? like like this battle is not new,"}, {"start": "00:40:24", "end": "00:40:27", "text": "but we're actually watching it play out"}, {"start": "00:40:25", "end": "00:40:30", "text": "now and we're saying to ourselves, hold"}, {"start": "00:40:27", "end": "00:40:32", "text": "on. If we can't get any sort of"}, {"start": "00:40:30", "end": "00:40:34", "text": "alignment or like a strategy"}, {"start": "00:40:32", "end": "00:40:36", "text": "ain't going to get fixed. We're actually"}, {"start": "00:40:34", "end": "00:40:37", "text": "going to pull further apart and you're"}, {"start": "00:40:36", "end": "00:40:39", "text": "going to have the halves and have nots"}, {"start": "00:40:37", "end": "00:40:40", "text": "and like the K gets wider."}, {"start": "00:40:39", "end": "00:40:41", "text": ">> Yeah."}, {"start": "00:40:40", "end": "00:40:44", "text": ">> Bad situation."}, {"start": "00:40:41", "end": "00:40:46", "text": ">> That's a great thesis. I That's a Yeah,"}, {"start": "00:40:44", "end": "00:40:49", "text": "that's a fantastic thesis. Uh, I don't"}, {"start": "00:40:46", "end": "00:40:51", "text": "know that I would characterize the uh"}, {"start": "00:40:49", "end": "00:40:54", "text": "the Republicans as having more solutions"}, {"start": "00:40:51", "end": "00:40:56", "text": "than the Democrats as the right"}, {"start": "00:40:54", "end": "00:40:57", "text": "characterization. I think Donald Trump"}, {"start": "00:40:56", "end": "00:40:59", "text": "has more solutions than the Democrats."}, {"start": "00:40:57", "end": "00:41:01", "text": ">> I I don't think that they even it's like"}, {"start": "00:40:59", "end": "00:41:03", "text": "solutions. I actually think I'm talking"}, {"start": "00:41:01", "end": "00:41:05", "text": "more about go and um look at"}, {"start": "00:41:03", "end": "00:41:08", "text": "re-industrialization use as an example."}, {"start": "00:41:05", "end": "00:41:09", "text": "How many of those folks tend to lean"}, {"start": "00:41:08", "end": "00:41:10", "text": "according to the current political"}, {"start": "00:41:09", "end": "00:41:12", "text": "parties although these you know kind of"}, {"start": "00:41:10", "end": "00:41:13", "text": "move all the time, right? the current"}, {"start": "00:41:12", "end": "00:41:16", "text": "political parties they probably lean"}, {"start": "00:41:13", "end": "00:41:18", "text": "more right and they are less like hey we"}, {"start": "00:41:16", "end": "00:41:21", "text": "need to go do a bunch of like political"}, {"start": "00:41:18", "end": "00:41:24", "text": "stuff instead it is more let's go and"}, {"start": "00:41:21", "end": "00:41:25", "text": "actually just build and let's go build"}, {"start": "00:41:24", "end": "00:41:28", "text": "you know whatever the company is"}, {"start": "00:41:25", "end": "00:41:31", "text": ">> let's not slow down AI right let's"}, {"start": "00:41:28", "end": "00:41:33", "text": "accelerate this stuff versus you know"}, {"start": "00:41:31", "end": "00:41:35", "text": "kind of the quintessential example right"}, {"start": "00:41:33", "end": "00:41:37", "text": "now is like the EA movement everyone's"}, {"start": "00:41:35", "end": "00:41:39", "text": "freaking out about"}, {"start": "00:41:37", "end": "00:41:41", "text": ">> that's more like intellectual ideas and"}, {"start": "00:41:39", "end": "00:41:42", "text": "all now to their credit like they built"}, {"start": "00:41:41", "end": "00:41:43", "text": "anthropic Y"}, {"start": "00:41:42", "end": "00:41:46", "text": ">> right. So like there is action"}, {"start": "00:41:43", "end": "00:41:47", "text": "happening. It's just that the approaches"}, {"start": "00:41:46", "end": "00:41:48", "text": "are very different. And so it's"}, {"start": "00:41:47", "end": "00:41:49", "text": "fascinating to think about like the"}, {"start": "00:41:48", "end": "00:41:50", "text": "political overlay on what's happening"}, {"start": "00:41:49", "end": "00:41:52", "text": "economically."}, {"start": "00:41:50", "end": "00:41:56", "text": ">> Yeah. Well, one side one side"}, {"start": "00:41:52", "end": "00:41:58", "text": "understands that it's means to power."}, {"start": "00:41:56", "end": "00:42:01", "text": "I'm talking about the Democrats is by"}, {"start": "00:41:58", "end": "00:42:02", "text": "pretending to care about poor people but"}, {"start": "00:42:01", "end": "00:42:04", "text": "not really doing the things that make"}, {"start": "00:42:02", "end": "00:42:05", "text": "their lives better. Uh cuz they don't"}, {"start": "00:42:04", "end": "00:42:06", "text": "really have to deliver the service. You"}, {"start": "00:42:05", "end": "00:42:09", "text": "just have to promise to deliver the"}, {"start": "00:42:06", "end": "00:42:11", "text": "service to get elected. um andor say"}, {"start": "00:42:09", "end": "00:42:12", "text": "this guy is such a bad guy you can't"}, {"start": "00:42:11", "end": "00:42:13", "text": "elect them and elect me which has been"}, {"start": "00:42:12", "end": "00:42:14", "text": "their strategy for a long time which"}, {"start": "00:42:13", "end": "00:42:16", "text": "obviously has been a failing strategy"}, {"start": "00:42:14", "end": "00:42:21", "text": "and it's an inc it's an increasingly"}, {"start": "00:42:16", "end": "00:42:23", "text": "failing strategy or um the other side um"}, {"start": "00:42:21", "end": "00:42:24", "text": "you know I this is why I say Donald"}, {"start": "00:42:23", "end": "00:42:26", "text": "Trump is brilliant you know I'm not"}, {"start": "00:42:24", "end": "00:42:29", "text": "obviously not a Trump supporter u you"}, {"start": "00:42:26", "end": "00:42:30", "text": "know you can take a lot of offense to"}, {"start": "00:42:29", "end": "00:42:32", "text": "the who he is as a man and what he's"}, {"start": "00:42:30", "end": "00:42:34", "text": "been accused of and whatnot and we don't"}, {"start": "00:42:32", "end": "00:42:38", "text": "have to go there but he is a brilliant"}, {"start": "00:42:34", "end": "00:42:40", "text": "person for understanding that cut print"}, {"start": "00:42:38", "end": "00:42:41", "text": "is really the only solutions. And he's"}, {"start": "00:42:40", "end": "00:42:43", "text": "basically, in my opinion, for what I can"}, {"start": "00:42:41", "end": "00:42:46", "text": "tell, in terms of his policy platform"}, {"start": "00:42:43", "end": "00:42:48", "text": "and re-industrializing, uh, America, uh,"}, {"start": "00:42:46", "end": "00:42:49", "text": "um, uh, in terms of putting up the"}, {"start": "00:42:48", "end": "00:42:52", "text": "tariff wall and then taking, um, you"}, {"start": "00:42:49", "end": "00:42:54", "text": "know, in infrastructure commitments, uh,"}, {"start": "00:42:52", "end": "00:42:56", "text": "you know, public private partnerships. I"}, {"start": "00:42:54", "end": "00:42:58", "text": "think he understands the value of"}, {"start": "00:42:56", "end": "00:42:59", "text": "paradigm C. If there's no political will"}, {"start": "00:42:58", "end": "00:43:01", "text": "to do paradigm B, which is cut the"}, {"start": "00:42:59", "end": "00:43:04", "text": "deficit, he understands that paradigm C"}, {"start": "00:43:01", "end": "00:43:05", "text": "is actually a much better outcome. Grow."}, {"start": "00:43:04", "end": "00:43:08", "text": "Yeah. It's a significantly better"}, {"start": "00:43:05", "end": "00:43:09", "text": "outcome than winding up in paradigm D"}, {"start": "00:43:08", "end": "00:43:11", "text": "which is default via the basement. You"}, {"start": "00:43:09", "end": "00:43:12", "text": "know, starting to use the actual money"}, {"start": "00:43:11", "end": "00:43:14", "text": "printer cuz the big, you know, the"}, {"start": "00:43:12", "end": "00:43:15", "text": "government needs its money. It's got to"}, {"start": "00:43:14", "end": "00:43:17", "text": "capitalize itself. And so ultimately,"}, {"start": "00:43:15", "end": "00:43:18", "text": "they will eventually wind up using some"}, {"start": "00:43:17", "end": "00:43:20", "text": "form of the money printer, whether it be"}, {"start": "00:43:18", "end": "00:43:22", "text": "through relaxing bank regulation and"}, {"start": "00:43:20", "end": "00:43:23", "text": "allowing them to print the money or, you"}, {"start": "00:43:22", "end": "00:43:24", "text": "know, some form of yield curve control,"}, {"start": "00:43:23", "end": "00:43:26", "text": "reserve match purchase expansion. I"}, {"start": "00:43:24", "end": "00:43:27", "text": "don't know. Who cares? It's all money"}, {"start": "00:43:26", "end": "00:43:30", "text": "printing. Uh but to your point, you"}, {"start": "00:43:27", "end": "00:43:31", "text": "know, I I do think he's he's wise to"}, {"start": "00:43:30", "end": "00:43:33", "text": "understand that, you know, paradigm C is"}, {"start": "00:43:31", "end": "00:43:35", "text": "the best choice. Let's go back to"}, {"start": "00:43:33", "end": "00:43:36", "text": "something you said. I think we need to"}, {"start": "00:43:35", "end": "00:43:38", "text": "um unpack this a little bit further"}, {"start": "00:43:36", "end": "00:43:40", "text": "because I don't think it's talked about"}, {"start": "00:43:38", "end": "00:43:42", "text": "enough and you and I have enough, you"}, {"start": "00:43:40", "end": "00:43:45", "text": "know, cache with our audiences and and"}, {"start": "00:43:42", "end": "00:43:47", "text": "and and confidence and and and and and"}, {"start": "00:43:45", "end": "00:43:49", "text": "datadriven analysis to make the kind of"}, {"start": "00:43:47", "end": "00:43:50", "text": "con arrive at the kind of conclusions"}, {"start": "00:43:49", "end": "00:43:52", "text": "publicly that we arrive at uh without"}, {"start": "00:43:50", "end": "00:43:54", "text": "fear of being torn down because people"}, {"start": "00:43:52", "end": "00:43:57", "text": "trust us and trust us having done the"}, {"start": "00:43:54", "end": "00:43:59", "text": "research. My analysis of on this this"}, {"start": "00:43:57", "end": "00:44:01", "text": "dynamic of the politics of it all is"}, {"start": "00:43:59", "end": "00:44:02", "text": "that there are now four political"}, {"start": "00:44:01", "end": "00:44:03", "text": "parties in America,"}, {"start": "00:44:02", "end": "00:44:05", "text": ">> four distinct political parties. You"}, {"start": "00:44:03", "end": "00:44:06", "text": "know, you got the the the socialist wing"}, {"start": "00:44:05", "end": "00:44:08", "text": "of the Democrat party. You got your old"}, {"start": "00:44:06", "end": "00:44:09", "text": "traditional blue dog Democrats. Um the"}, {"start": "00:44:08", "end": "00:44:11", "text": "whole part has been obviously been"}, {"start": "00:44:09", "end": "00:44:14", "text": "pulled leftward over time. Then you have"}, {"start": "00:44:11", "end": "00:44:15", "text": "your traditional core Republican party"}, {"start": "00:44:14", "end": "00:44:17", "text": "um which is kind of dying in some in"}, {"start": "00:44:15", "end": "00:44:19", "text": "some respects because so much of the"}, {"start": "00:44:17", "end": "00:44:20", "text": "winning strategy for Republicans even if"}, {"start": "00:44:19", "end": "00:44:22", "text": "they were initially part of that core"}, {"start": "00:44:20", "end": "00:44:24", "text": "Republican party was to pander to Trump."}, {"start": "00:44:22", "end": "00:44:25", "text": "And so obviously that's the mega the"}, {"start": "00:44:24", "end": "00:44:28", "text": "mega wing of the party."}, {"start": "00:44:25", "end": "00:44:30", "text": ">> My fear uh and also ultimately my hope"}, {"start": "00:44:28", "end": "00:44:31", "text": "because I think we do need great crisis"}, {"start": "00:44:30", "end": "00:44:32", "text": "to bring on great solutions that will"}, {"start": "00:44:31", "end": "00:44:35", "text": "ultimately be lasting and really"}, {"start": "00:44:32", "end": "00:44:37", "text": "beneficial for society and mankind. My"}, {"start": "00:44:35", "end": "00:44:39", "text": "fear in terms of going towards the great"}, {"start": "00:44:37", "end": "00:44:42", "text": "crisis is that paradigm C will"}, {"start": "00:44:39", "end": "00:44:44", "text": "eventually run out. Um whether maybe AI"}, {"start": "00:44:42", "end": "00:44:46", "text": "is a capital misallocation, you could"}, {"start": "00:44:44", "end": "00:44:47", "text": "just see I don't know there's a lot of"}, {"start": "00:44:46", "end": "00:44:48", "text": "things that could cause paradigm C to"}, {"start": "00:44:47", "end": "00:44:50", "text": "run out. I doubt it's running out"}, {"start": "00:44:48", "end": "00:44:51", "text": "anytime soon. Our research suggests it's"}, {"start": "00:44:50", "end": "00:44:53", "text": "going to continue at least to 2020,"}, {"start": "00:44:51", "end": "00:44:55", "text": "probably 2028, maybe even beyond that."}, {"start": "00:44:53", "end": "00:44:57", "text": "Um,"}, {"start": "00:44:55", "end": "00:44:59", "text": "if if they run out of paradigm C, the"}, {"start": "00:44:57", "end": "00:45:01", "text": "growth phase, you wind up in the print"}, {"start": "00:44:59", "end": "00:45:03", "text": "phase from a starting point of already"}, {"start": "00:45:01", "end": "00:45:06", "text": "having a nationwide affordability crisis"}, {"start": "00:45:03", "end": "00:45:08", "text": "where 70 out of 10 people households in"}, {"start": "00:45:06", "end": "00:45:10", "text": "this country live paycheck to paycheck"}, {"start": "00:45:08", "end": "00:45:12", "text": "that currently feel like they're not"}, {"start": "00:45:10", "end": "00:45:14", "text": "getting ahead that are watching all"}, {"start": "00:45:12", "end": "00:45:15", "text": "kinds of stuff on TV and Instagram and"}, {"start": "00:45:14", "end": "00:45:16", "text": "wondering why they're not part of the"}, {"start": "00:45:15", "end": "00:45:19", "text": "American dream. That's seven out of 10"}, {"start": "00:45:16", "end": "00:45:20", "text": "households in this country. Um, so folks"}, {"start": "00:45:19", "end": "00:45:23", "text": "like us in the three out of the 10, you"}, {"start": "00:45:20", "end": "00:45:25", "text": "know, we need to take hold of how dire"}, {"start": "00:45:23", "end": "00:45:27", "text": "and desperate uh the situation is, the"}, {"start": "00:45:25", "end": "00:45:29", "text": "lack of dignity that so many of our"}, {"start": "00:45:27", "end": "00:45:31", "text": "fellow Americans feel. If you trying to"}, {"start": "00:45:29", "end": "00:45:33", "text": "default via debasement paradigm D with"}, {"start": "00:45:31", "end": "00:45:35", "text": "that as the starting point, you're going"}, {"start": "00:45:33", "end": "00:45:37", "text": "to wind up with a major political"}, {"start": "00:45:35", "end": "00:45:39", "text": "realignment. I think total war is a high"}, {"start": "00:45:37", "end": "00:45:41", "text": "probability outcome in that scenario as"}, {"start": "00:45:39", "end": "00:45:43", "text": "well. And here's how you can get major"}, {"start": "00:45:41", "end": "00:45:45", "text": "political realignment. Most people think"}, {"start": "00:45:43", "end": "00:45:48", "text": "of politics as on a left right spectrum."}, {"start": "00:45:45", "end": "00:45:50", "text": "you know, the so DSA on the far left,"}, {"start": "00:45:48", "end": "00:45:52", "text": "Democrats in the mid left, Republicans"}, {"start": "00:45:50", "end": "00:45:53", "text": "mid right, you know, the traditional GOP"}, {"start": "00:45:52", "end": "00:45:56", "text": "in the mid right, and the NAGO on the on"}, {"start": "00:45:53", "end": "00:45:58", "text": "the far right. I think of it more as a a"}, {"start": "00:45:56", "end": "00:46:00", "text": "circle, like it's a it's a it's a it's a"}, {"start": "00:45:58", "end": "00:46:03", "text": "it's a circle, like, you know, it's like"}, {"start": "00:46:00", "end": "00:46:04", "text": "um uh it's like a proton or something"}, {"start": "00:46:03", "end": "00:46:07", "text": "like, you know, it's constantly moving"}, {"start": "00:46:04", "end": "00:46:10", "text": "around um you know, a field. If you"}, {"start": "00:46:07", "end": "00:46:12", "text": "think about it as a circle, like a 360�"}, {"start": "00:46:10", "end": "00:46:14", "text": "circle, MAGA and DSA are really"}, {"start": "00:46:12", "end": "00:46:16", "text": "technically back to back to each other."}, {"start": "00:46:14", "end": "00:46:18", "text": "They're on both far ends of this like"}, {"start": "00:46:16", "end": "00:46:22", "text": "circular spectrum. And so all it would"}, {"start": "00:46:18", "end": "00:46:24", "text": "take is more economic hardship to cause"}, {"start": "00:46:22", "end": "00:46:26", "text": "them to say to turn around and greet"}, {"start": "00:46:24", "end": "00:46:28", "text": "each other and say, \"Actually, we're"}, {"start": "00:46:26", "end": "00:46:29", "text": "just all poor. The rich people aren't"}, {"start": "00:46:28", "end": "00:46:31", "text": "taking care of us enough.\" And that's my"}, {"start": "00:46:29", "end": "00:46:32", "text": "core thesis. And that's not a captive"}, {"start": "00:46:31", "end": "00:46:36", "text": "socialist thing to say, and I'll shut up"}, {"start": "00:46:32", "end": "00:46:39", "text": "after this. My core thesis is"}, {"start": "00:46:36", "end": "00:46:42", "text": "we've gotten so good at creating profits"}, {"start": "00:46:39", "end": "00:46:44", "text": "in this society that we've probably"}, {"start": "00:46:42", "end": "00:46:47", "text": "overdone it. us in the K1 capital class,"}, {"start": "00:46:44", "end": "00:46:48", "text": "we we've created too many profits"}, {"start": "00:46:47", "end": "00:46:50", "text": "because what it ultimately means is it's"}, {"start": "00:46:48", "end": "00:46:53", "text": "less income for for the folks in the W2"}, {"start": "00:46:50", "end": "00:46:54", "text": "class. It's less wealth accumulation."}, {"start": "00:46:53", "end": "00:46:56", "text": "It's less savings. It's less social"}, {"start": "00:46:54", "end": "00:46:58", "text": "mobility, upper mobility. It's inability"}, {"start": "00:46:56", "end": "00:46:59", "text": "for them to buy homes, inability for"}, {"start": "00:46:58", "end": "00:47:01", "text": "them to pay for their kids to go to"}, {"start": "00:46:59", "end": "00:47:02", "text": "college. It's an inabil it's it's a it's"}, {"start": "00:47:01", "end": "00:47:04", "text": "an increase in their demand for public"}, {"start": "00:47:02", "end": "00:47:07", "text": "goods, for public services. And so we've"}, {"start": "00:47:04", "end": "00:47:09", "text": "created so many profits that we no"}, {"start": "00:47:07", "end": "00:47:10", "text": "longer have a stable functioning"}, {"start": "00:47:09", "end": "00:47:12", "text": "society. And so the last thing I'll say"}, {"start": "00:47:10", "end": "00:47:13", "text": "is to your point earlier about"}, {"start": "00:47:12", "end": "00:47:15", "text": "reindustrializing,"}, {"start": "00:47:13", "end": "00:47:18", "text": "we obviously need to reindustrialize to"}, {"start": "00:47:15", "end": "00:47:21", "text": "sustain paradigm C, the growth phase."}, {"start": "00:47:18", "end": "00:47:23", "text": ">> If we do reindustrialize,"}, {"start": "00:47:21", "end": "00:47:27", "text": "who's going to eat the additional cost"}, {"start": "00:47:23", "end": "00:47:30", "text": "of goods and services, is it going to be"}, {"start": "00:47:27", "end": "00:47:32", "text": "the K1 class via margin compression or"}, {"start": "00:47:30", "end": "00:47:35", "text": "is it going to be the K the W2 class via"}, {"start": "00:47:32", "end": "00:47:37", "text": "higher inflation? That is a big question"}, {"start": "00:47:35", "end": "00:47:39", "text": "we need to answer as a society. if"}, {"start": "00:47:37", "end": "00:47:40", "text": "somebody has to eat it. I think the the"}, {"start": "00:47:39", "end": "00:47:42", "text": "promise, which I don't know if it's"}, {"start": "00:47:40", "end": "00:47:45", "text": "gonna happen, but the promise would be"}, {"start": "00:47:42", "end": "00:47:47", "text": "well actually use Tesla maybe as an"}, {"start": "00:47:45", "end": "00:47:50", "text": "example. Cars made outside the United"}, {"start": "00:47:47", "end": "00:47:52", "text": "States, they have the margin they have."}, {"start": "00:47:50", "end": "00:47:54", "text": "Tesla's able to make a car in America"}, {"start": "00:47:52", "end": "00:47:56", "text": "using robotics and drive down the price."}, {"start": "00:47:54", "end": "00:47:58", "text": "And so therefore, they can keep margin,"}, {"start": "00:47:56", "end": "00:48:00", "text": "but also nobody has to eat that, you"}, {"start": "00:47:58", "end": "00:48:02", "text": "know, kind of uh that that disappearance"}, {"start": "00:48:00", "end": "00:48:05", "text": "of margin."}, {"start": "00:48:02", "end": "00:48:07", "text": "He's oneonone, man."}, {"start": "00:48:05", "end": "00:48:08", "text": "Right. How many other businesses are"}, {"start": "00:48:07", "end": "00:48:09", "text": "going to be able to do that?"}, {"start": "00:48:08", "end": "00:48:12", "text": ">> Yeah."}, {"start": "00:48:09", "end": "00:48:14", "text": ">> Now, maybe robotics gets so amazing and"}, {"start": "00:48:12", "end": "00:48:15", "text": "it's kind of like, you know, any dummy"}, {"start": "00:48:14", "end": "00:48:17", "text": "off the street can just plug the"}, {"start": "00:48:15", "end": "00:48:19", "text": "robotics in and all of a sudden you get"}, {"start": "00:48:17", "end": "00:48:20", "text": "the same benefit. But it's pretty clear"}, {"start": "00:48:19", "end": "00:48:22", "text": "there's not many businesses that have"}, {"start": "00:48:20", "end": "00:48:24", "text": "been able to build something as complex"}, {"start": "00:48:22", "end": "00:48:26", "text": "as a car using robotics, get the price"}, {"start": "00:48:24", "end": "00:48:28", "text": "down. And people forget that Tesla"}, {"start": "00:48:26", "end": "00:48:29", "text": "started at like $120,000 or something"}, {"start": "00:48:28", "end": "00:48:31", "text": "like that. The the original, you know,"}, {"start": "00:48:29", "end": "00:48:33", "text": "kind of sports cares, it was over 100"}, {"start": "00:48:31", "end": "00:48:35", "text": "grand if I remember correctly."}, {"start": "00:48:33", "end": "00:48:36", "text": "You can go buy one of these cars now for"}, {"start": "00:48:35", "end": "00:48:37", "text": "like 40 grand."}, {"start": "00:48:36", "end": "00:48:39", "text": ">> Yeah, but how does the person who used"}, {"start": "00:48:37", "end": "00:48:40", "text": "to work at the car manufacturing plant"}, {"start": "00:48:39", "end": "00:48:43", "text": "buy the car?"}, {"start": "00:48:40", "end": "00:48:46", "text": ">> So this goes into that business is able"}, {"start": "00:48:43", "end": "00:48:48", "text": "to offer this lower price, they do it"}, {"start": "00:48:46", "end": "00:48:50", "text": "through automation. So now the question"}, {"start": "00:48:48", "end": "00:48:53", "text": "is where do those people go? What do"}, {"start": "00:48:50", "end": "00:48:55", "text": "they do? Right? And and I don't have all"}, {"start": "00:48:53", "end": "00:48:57", "text": "the answers for it, but it's almost like"}, {"start": "00:48:55", "end": "00:48:59", "text": "what you're doing is you're you're"}, {"start": "00:48:57", "end": "00:49:01", "text": "playing whack-a-ole in the economy."}, {"start": "00:48:59", "end": "00:49:02", "text": ">> Okay, cool. We need to get prices down."}, {"start": "00:49:01", "end": "00:49:04", "text": "So you whack that. Well, how do you get"}, {"start": "00:49:02", "end": "00:49:05", "text": "prices down? You use automation. Okay."}, {"start": "00:49:04", "end": "00:49:07", "text": "Well, what happens to those people? They"}, {"start": "00:49:05", "end": "00:49:08", "text": "like pop up somewhere else. Now there's"}, {"start": "00:49:07", "end": "00:49:09", "text": "another problem. And so you got like,"}, {"start": "00:49:08", "end": "00:49:11", "text": "well, now we got to retrain these people"}, {"start": "00:49:09", "end": "00:49:12", "text": "to do something else. So you go whack"}, {"start": "00:49:11", "end": "00:49:14", "text": "that down. And then you're like, oh, but"}, {"start": "00:49:12", "end": "00:49:16", "text": "wait, like there's, you know, not enough"}, {"start": "00:49:14", "end": "00:49:17", "text": "companies or there's too many people or"}, {"start": "00:49:16", "end": "00:49:19", "text": "you and you're just constantly trying to"}, {"start": "00:49:17", "end": "00:49:20", "text": "figure this out. And so I think actually"}, {"start": "00:49:19", "end": "00:49:22", "text": "that's one of the reasons why people are"}, {"start": "00:49:20", "end": "00:49:23", "text": "drawn to the politics stuff is because"}, {"start": "00:49:22", "end": "00:49:25", "text": "they're like intellectually stimulated"}, {"start": "00:49:23", "end": "00:49:26", "text": "by these problems or they're power"}, {"start": "00:49:25", "end": "00:49:28", "text": "hungry."}, {"start": "00:49:26", "end": "00:49:28", "text": ">> Like there's one or two reasons. We need"}, {"start": "00:49:28", "end": "00:49:30", "text": "more of the people who are"}, {"start": "00:49:28", "end": "00:49:31", "text": "intellectually stimulated and problem"}, {"start": "00:49:30", "end": "00:49:33", "text": "solving and less of the power hungry"}, {"start": "00:49:31", "end": "00:49:35", "text": "people. My big takeaway from meeting"}, {"start": "00:49:33", "end": "00:49:36", "text": "tons of these people, you never know who"}, {"start": "00:49:35", "end": "00:49:38", "text": "you're dealing with. They're all"}, {"start": "00:49:36", "end": "00:49:38", "text": "chameleons."}, {"start": "00:49:38", "end": "00:49:39", "text": ">> You never know."}, {"start": "00:49:38", "end": "00:49:42", "text": ">> That's sad,"}, {"start": "00:49:39", "end": "00:49:43", "text": ">> right? Like uh some of them I think have"}, {"start": "00:49:42", "end": "00:49:44", "text": "good intentions."}, {"start": "00:49:43", "end": "00:49:46", "text": ">> Well, most of them don't."}, {"start": "00:49:44", "end": "00:49:48", "text": ">> There's good neuroscience on on power"}, {"start": "00:49:46", "end": "00:49:51", "text": "and how it actually corrupts the brain."}, {"start": "00:49:48", "end": "00:49:54", "text": "It's basically people who attain power"}, {"start": "00:49:51", "end": "00:49:56", "text": "have very similar brain uh function"}, {"start": "00:49:54", "end": "00:49:58", "text": "dynamics as people who have traumatic"}, {"start": "00:49:56", "end": "00:49:59", "text": "brain injuries. And no, I'm I'm I'm not"}, {"start": "00:49:58", "end": "00:50:01", "text": "even joking. Like this is like written"}, {"start": "00:49:59", "end": "00:50:03", "text": "about in in neuroscience. You know,"}, {"start": "00:50:01", "end": "00:50:05", "text": ">> it doesn't surprise me. Just absolutely"}, {"start": "00:50:03", "end": "00:50:06", "text": "ridiculously true. Like they study it's"}, {"start": "00:50:05", "end": "00:50:07", "text": "like this looks like this person had a"}, {"start": "00:50:06", "end": "00:50:09", "text": "traumatic brain injury. And so what"}, {"start": "00:50:07", "end": "00:50:13", "text": "ultimately happens is like you have like"}, {"start": "00:50:09", "end": "00:50:16", "text": "more impulsivity uh more selfishness."}, {"start": "00:50:13", "end": "00:50:17", "text": "You start uh downplaying uh other"}, {"start": "00:50:16", "end": "00:50:19", "text": "people's points of views and you"}, {"start": "00:50:17", "end": "00:50:21", "text": "highlight uh you aggrandize your own"}, {"start": "00:50:19", "end": "00:50:23", "text": "point of view. Um uh and ultimately you"}, {"start": "00:50:21", "end": "00:50:26", "text": "start thinking of the world and"}, {"start": "00:50:23", "end": "00:50:28", "text": "stereotypes uh as opposed to analyzing"}, {"start": "00:50:26", "end": "00:50:30", "text": "um you know case by case data. Uh and so"}, {"start": "00:50:28", "end": "00:50:31", "text": "ultimately they turn out to become kind"}, {"start": "00:50:30", "end": "00:50:33", "text": "of"}, {"start": "00:50:31", "end": "00:50:35", "text": ">> on this like conveyor belt of more and"}, {"start": "00:50:33", "end": "00:50:38", "text": "more power seeking and aggrandization of"}, {"start": "00:50:35", "end": "00:50:40", "text": "themselves relative to what could have"}, {"start": "00:50:38", "end": "00:50:41", "text": "been their original starting goals. And"}, {"start": "00:50:40", "end": "00:50:43", "text": "so power does corrupt. And so you have"}, {"start": "00:50:41", "end": "00:50:45", "text": "to have someone who you know not only is"}, {"start": "00:50:43", "end": "00:50:47", "text": "intellectually stimulated by solving the"}, {"start": "00:50:45", "end": "00:50:49", "text": "problem but has an uncorruptible heart."}, {"start": "00:50:47", "end": "00:50:51", "text": "And in my opinion, and this is a, you"}, {"start": "00:50:49", "end": "00:50:52", "text": "know, my opinion, the only way to have"}, {"start": "00:50:51", "end": "00:50:54", "text": "an unccorruptible heart is to have, you"}, {"start": "00:50:52", "end": "00:50:57", "text": "know, firm faith in God and and and and"}, {"start": "00:50:54", "end": "00:50:59", "text": "a firm foundation spiritually. Um, and"}, {"start": "00:50:57", "end": "00:51:01", "text": "that's to find someone with enough"}, {"start": "00:50:59", "end": "00:51:03", "text": "intellectual capability to help solve"}, {"start": "00:51:01", "end": "00:51:05", "text": "these problems with a with a firm"}, {"start": "00:51:03", "end": "00:51:06", "text": "foundation and an uncorruptible heart."}, {"start": "00:51:05", "end": "00:51:08", "text": "That's not a long list of human beings,"}, {"start": "00:51:06", "end": "00:51:09", "text": "unfortunately."}, {"start": "00:51:08", "end": "00:51:11", "text": ">> Unfortunately, not."}, {"start": "00:51:09", "end": "00:51:12", "text": ">> Let's end there. I think that's a great"}, {"start": "00:51:11", "end": "00:51:14", "text": "way to end. Yeah."}, {"start": "00:51:12", "end": "00:51:17", "text": ">> Where can we be able to find 42 macro?"}, {"start": "00:51:14", "end": "00:51:20", "text": ">> Yeah. So, in my actual day job, I'm"}, {"start": "00:51:17", "end": "00:51:22", "text": "actually uh a day or crunch numbers all"}, {"start": "00:51:20", "end": "00:51:24", "text": "day. Uh uh thank God for technology. Our"}, {"start": "00:51:22", "end": "00:51:25", "text": "tech is as good as it's ever been. Um"}, {"start": "00:51:24", "end": "00:51:28", "text": "and so, you know, I would say real"}, {"start": "00:51:25", "end": "00:51:30", "text": "quick, you know, uh I love talking about"}, {"start": "00:51:28", "end": "00:51:31", "text": "this stuff with you. Um you know, this"}, {"start": "00:51:30", "end": "00:51:32", "text": "stuff to me is more important than"}, {"start": "00:51:31", "end": "00:51:34", "text": "trying to figure out where Bitcoin or"}, {"start": "00:51:32", "end": "00:51:36", "text": "S&P is going to be 6 months from now,"}, {"start": "00:51:34", "end": "00:51:38", "text": "year from now. I think we do that really"}, {"start": "00:51:36", "end": "00:51:39", "text": "well. We do that so well that I can"}, {"start": "00:51:38", "end": "00:51:41", "text": "spend a lot of time thinking about these"}, {"start": "00:51:39", "end": "00:51:43", "text": "big problems. Um and so check us"}, {"start": "00:51:41", "end": "00:51:46", "text": "outro.com. I would say our our primary"}, {"start": "00:51:43", "end": "00:51:47", "text": "specialty is risk management, full cycle"}, {"start": "00:51:46", "end": "00:51:49", "text": "risk management, making sure that in"}, {"start": "00:51:47", "end": "00:51:50", "text": "bull markets, you know, you stay"}, {"start": "00:51:49", "end": "00:51:53", "text": "invested long enough to to maximize"}, {"start": "00:51:50", "end": "00:51:54", "text": "upside capture and in bare markets, you"}, {"start": "00:51:53", "end": "00:51:56", "text": "stay uninvested long enough to not blow"}, {"start": "00:51:54", "end": "00:51:57", "text": "up your portfolio. That's our core"}, {"start": "00:51:56", "end": "00:51:59", "text": "competency. We're very good at that. We"}, {"start": "00:51:57", "end": "00:52:01", "text": "have many of the top institutions across"}, {"start": "00:51:59", "end": "00:52:03", "text": "Global Wall Street who are clients and"}, {"start": "00:52:01", "end": "00:52:05", "text": "customers of mine, current treasury"}, {"start": "00:52:03", "end": "00:52:06", "text": "secretaries, a former uh client of mine"}, {"start": "00:52:05", "end": "00:52:08", "text": "um who are relying on our on our"}, {"start": "00:52:06", "end": "00:52:10", "text": "product. So, uh check us outro.com if"}, {"start": "00:52:08", "end": "00:52:11", "text": "that can be helpful for you guys. And"}, {"start": "00:52:10", "end": "00:52:13", "text": "then check me out on Twitter on our"}, {"start": "00:52:11", "end": "00:52:15", "text": "YouTube channel, Derry Stale42 on"}, {"start": "00:52:13", "end": "00:52:16", "text": "Twitter, Dairy Stale on LinkedIn, 42"}, {"start": "00:52:15", "end": "00:52:17", "text": "Macro on YouTube if you just want to"}, {"start": "00:52:16", "end": "00:52:18", "text": "kind of hear my thoughts on on this kind"}, {"start": "00:52:17", "end": "00:52:19", "text": "of stuff."}, {"start": "00:52:18", "end": "00:52:21", "text": ">> I think you do a great job."}, {"start": "00:52:19", "end": "00:52:23", "text": ">> I think you do. Thank you. See you guys"}, {"start": "00:52:21", "end": "00:52:23", "text": "next time."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "In the summer of 2013, an IT engineer from�\nNewport in South Wales threw out an old hard��"}, {"start": "00:00:05", "end": "00:00:11", "text": "drive. His name is James Howells, and that drive�\nheld the keys to thousands of Bitcoin he'd mined��"}, {"start": "00:00:11", "end": "00:00:18", "text": "on a home computer back in 2009. He says his then�\npartner took the bin bag to the tip. It went into��"}, {"start": "00:00:18", "end": "00:00:25", "text": "the Doc's Way landfill, and it has been buried�\nthere ever since. 8,000 Bitcoin out of reach.��"}, {"start": "00:00:25", "end": "00:00:31", "text": "As I make this video, Bitcoin is trading at�\n$84,000, which values those coins at around��"}, {"start": "00:00:31", "end": "00:00:38", "text": "$670 million. But the funny or not so funny thing�\nis that that Bitcoin isn't gone. It's there on the��"}, {"start": "00:00:38", "end": "00:00:44", "text": "blockchain right now and anyone could look it up.�\nIt just can't be moved. Not by Howls and not by��"}, {"start": "00:00:44", "end": "00:00:51", "text": "anyone. And everyone who owns crypto relies on the�\nsame small thing that he threw away. So what is��"}, {"start": "00:00:51", "end": "00:00:57", "text": "a crypto wallet actually holding? and why does�\nlosing it mean losing everything? Well, that's��"}, {"start": "00:00:57", "end": "00:01:03", "text": "what we're covering today. We'll look at what a�\nwallet really holds, how its keys work, and why��"}, {"start": "00:01:03", "end": "00:01:08", "text": "some wallets live online while others never touch�\nthe internet. Plus, how to set up your first one��"}, {"start": "00:01:08", "end": "00:01:14", "text": "so your coins never end up stuck like Mr. Howells.�\nMy name is Louis and you're watching the Coin��"}, {"start": "00:01:14", "end": "00:01:22", "text": "Bureau. When you own crypto, where is it actually�\nkept? The answer is not in your crypto wallet.��"}, {"start": "00:01:22", "end": "00:01:27", "text": "That confuses a lot of people. And to be fair, the�\nname doesn't really help. Your coins always stay��"}, {"start": "00:01:27", "end": "00:01:33", "text": "on the blockchain, a public record of who owns�\nwhat that anyone could check. So what's left for��"}, {"start": "00:01:33", "end": "00:01:40", "text": "the wallet to actually do? Well, it holds the keys�\nthat prove which entries on that record are yours.��"}, {"start": "00:01:40", "end": "00:01:46", "text": "In other words, a crypto wallet is more like a�\nkeyring rather than an actual wallet. And that has��"}, {"start": "00:01:46", "end": "00:01:52", "text": "two consequences. The first is that if you lose�\nthe keys, the crypto doesn't disappear. It just��"}, {"start": "00:01:52", "end": "00:01:58", "text": "gets stuck. When Howell's drive went into the bin,�\nhis coins were worth less than a million dollars.��"}, {"start": "00:01:58", "end": "00:02:04", "text": "Fast forward to today, they're worth hundreds of�\nmillions, still found at the same addresses, still��"}, {"start": "00:02:04", "end": "00:02:11", "text": "untouchable. One of the most expensive trash days�\non record. The second consequence is the mirror��"}, {"start": "00:02:11", "end": "00:02:17", "text": "image. Anyone who gets your keys gets your crypto.�\nThere's no bank to call and there's no reversal��"}, {"start": "00:02:17", "end": "00:02:23", "text": "button. For a sense of scale, estimates of how�\nmuch Bitcoin has gone permanently lost range from��"}, {"start": "00:02:23", "end": "00:02:31", "text": "around 2.3 million to around 4 million BTC. So,�\nin every practical way, the keys are the crypto.��"}, {"start": "00:02:31", "end": "00:02:37", "text": "But what exactly is a key? And how does it move�\nmoney without being handed over? To answer that,��"}, {"start": "00:02:37", "end": "00:02:43", "text": "let's follow a beginner and we'll call him�\nSam. Sam has just set up his first wallet and��"}, {"start": "00:02:43", "end": "00:02:49", "text": "he wants to pay a friend back for some concert�\ntickets. It all starts with his private key,��"}, {"start": "00:02:49", "end": "00:02:55", "text": "a huge secret random number that authorizes�\nspending. From that, the wallet deres his public��"}, {"start": "00:02:55", "end": "00:03:01", "text": "key using elliptic curve maths, a calculation that�\nonly works in one direction. Then the public key��"}, {"start": "00:03:01", "end": "00:03:07", "text": "is run through what's known as a hashing function�\nto produce his address, the string of characters��"}, {"start": "00:03:07", "end": "00:03:14", "text": "he shares to get paid. So getting from the private�\nkey to the address is easy, but going backwards��"}, {"start": "00:03:14", "end": "00:03:20", "text": "is effectively impossible. It's a bit like the�\nletter box on your front door. Anyone could see��"}, {"start": "00:03:20", "end": "00:03:26", "text": "it and anyone could post something through it,�\nbut neither lets them open it. Sam's address is��"}, {"start": "00:03:26", "end": "00:03:32", "text": "the letter box, and his private key is the only�\nthing that opens it. So when Sam pays his friend,��"}, {"start": "00:03:32", "end": "00:03:38", "text": "the friend sends over an address, and Sam's wallet�\nbuilds the payment. Now, here's the clever part.��"}, {"start": "00:03:38", "end": "00:03:44", "text": "The wallet never sends his private key anywhere.�\nInstead, it uses the key to produce a digital��"}, {"start": "00:03:44", "end": "00:03:49", "text": "signature for that specific payment. The network�\nchecks that signature against Sam's public key,��"}, {"start": "00:03:49", "end": "00:03:54", "text": "confirms it came from the matching private�\nkey, and the money moves. Put simply,��"}, {"start": "00:03:54", "end": "00:04:00", "text": "it's a signature anyone could check, but only Sam�\ncan produce. Different blockchains use slightly��"}, {"start": "00:04:00", "end": "00:04:05", "text": "different signature schemes, but the principle is�\nthe same. But what happens if Sam drops his phone��"}, {"start": "00:04:05", "end": "00:04:11", "text": "in a canal? Well, that's where the seed phrase�\ncomes in. You see, when Sam set up his wallet,��"}, {"start": "00:04:11", "end": "00:04:20", "text": "it showed him 12 or 24 words drawn from a list�\nof 248 under a standard known as BIP39. From��"}, {"start": "00:04:20", "end": "00:04:26", "text": "those words, any compatible wallet on any device�\ncan rebuild his private keys. Now, to be clear,��"}, {"start": "00:04:26", "end": "00:04:31", "text": "a few wallets use their own formats, so it's�\nworth noting which wallet created the phrase,��"}, {"start": "00:04:31", "end": "00:04:37", "text": "but for the most part, those words are the�\nbackup. And importantly, they're also the��"}, {"start": "00:04:37", "end": "00:04:43", "text": "master key. Anyone who reads Sam's seed phrase�\ndoesn't need his phone or his password. They��"}, {"start": "00:04:43", "end": "00:04:49", "text": "can rebuild his wallet on their own device and�\nempty it from the other side of the world. So,��"}, {"start": "00:04:49", "end": "00:04:55", "text": "the most valuable thing Sam owns in crypto fits�\non a scrap of paper. That leads to the practical��"}, {"start": "00:04:55", "end": "00:05:00", "text": "question, where should those keys actually be�\nheld while he's using them? Well, for most people,��"}, {"start": "00:05:00", "end": "00:05:07", "text": "the answer is a phone or a browser. These are hot�\nwallets, wallets that keep the keys on a device��"}, {"start": "00:05:07", "end": "00:05:12", "text": "connected to the internet. These are phone apps�\nand browser extensions, the likes of MetaMask,��"}, {"start": "00:05:12", "end": "00:05:18", "text": "Phantom, and Trust Wallet. They're free, they take�\nminutes to set up, and they're built for everyday��"}, {"start": "00:05:18", "end": "00:05:23", "text": "payments. They're also how most people connect to�\ncrypto apps, including DeFi, which lets you lend,��"}, {"start": "00:05:23", "end": "00:05:29", "text": "borrow, and trade without a middleman. But being�\nonline means being reachable. Fishing links,��"}, {"start": "00:05:29", "end": "00:05:34", "text": "fake websites, and malware are the main ways�\npeople get their hot wallets drained. However,��"}, {"start": "00:05:34", "end": "00:05:39", "text": "you may have noticed what's missing from that�\nlist. Nobody is breaking the cryptography.��"}, {"start": "00:05:39", "end": "00:05:45", "text": "The attacker either steals the keys from the�\ndevice or tricks the owner into using them.��"}, {"start": "00:05:45", "end": "00:05:50", "text": "And we'll come back to that distinction later�\nwhen we discuss security a little deeper. Now,��"}, {"start": "00:05:50", "end": "00:05:55", "text": "plenty of people skip wallets entirely and�\nleave their crypto on an exchange. In that case,��"}, {"start": "00:05:55", "end": "00:06:02", "text": "the exchange holds the keys, and what you hold�\nis a claim. Essentially, an IOU. And an IOU is��"}, {"start": "00:06:02", "end": "00:06:08", "text": "only ever as good as whoever wrote it. When FTX�\ncollapsed in 2022, plenty of customers learned��"}, {"start": "00:06:08", "end": "00:06:14", "text": "that the hard way. Hence, the old crypto line,�\nnot your keys, not your crypto. But a self-custody��"}, {"start": "00:06:14", "end": "00:06:20", "text": "hot wallet flips that arrangement around and puts�\nthe keys in your hands. So, you get the control,��"}, {"start": "00:06:20", "end": "00:06:26", "text": "but you also get the responsibility that comes�\nwith it. Which brings us to the upgrade. If��"}, {"start": "00:06:26", "end": "00:06:32", "text": "being online is the weak point, what happens when�\nthe keys never go online at all? Well, that is a��"}, {"start": "00:06:32", "end": "00:06:38", "text": "cold wallet. A cold wallet keeps the keys offline.�\nAnd in most cases, that means a hardware wallet,��"}, {"start": "00:06:38", "end": "00:06:44", "text": "a small device built to do that one thing. So,�\nhow does Sam pay his friend with one? Well,��"}, {"start": "00:06:44", "end": "00:06:50", "text": "that happens in five steps. First, the companion�\napp on his laptop builds the payment but leaves it��"}, {"start": "00:06:50", "end": "00:06:57", "text": "unsigned. Second, the unsigned payment travels to�\nthe device by cable, Bluetooth, or QR code. Third,��"}, {"start": "00:06:57", "end": "00:07:03", "text": "Sam checks the amount and the address on the�\ndevices screen and approves it with the buttons.��"}, {"start": "00:07:03", "end": "00:07:09", "text": "Fourth, the device signs the payment inside its�\nsecure chip. And fifth, only the signed result��"}, {"start": "00:07:09", "end": "00:07:15", "text": "goes back to the laptop, which broadcasts it to�\nthe network. The keys never touch the internet.��"}, {"start": "00:07:15", "end": "00:07:20", "text": "In other words, a hacked laptop can't reach�\nwhat was never on it. Figuratively, this is��"}, {"start": "00:07:20", "end": "00:07:27", "text": "the laptop being reduced to a postman. Carrying�\nsealed envelopes it has no way of opening. Now,��"}, {"start": "00:07:27", "end": "00:07:32", "text": "of course, knowing how crypto works is one thing.�\nKeeping up with what's actually happening in the��"}, {"start": "00:07:32", "end": "00:07:37", "text": "market, though, is another. And that's where our�\nresearch team comes in. Right here on YouTube,��"}, {"start": "00:07:37", "end": "00:07:41", "text": "you can join the Coin Bureau Club Light Plan.�\nYou'll get daily updates across both crypto��"}, {"start": "00:07:41", "end": "00:07:46", "text": "and traditional markets. Our team's read on�\nwhich sectors are gaining ground, and none of��"}, {"start": "00:07:46", "end": "00:07:51", "text": "the distractions. And if you join today, your�\nfirst month is completely free. Just tap that��"}, {"start": "00:07:51", "end": "00:07:56", "text": "join button underneath this video to get started.�\nNow, back to crypto wallets. Hardware wallets are��"}, {"start": "00:07:56", "end": "00:08:03", "text": "great for your security. But there is a catch,�\nor rather three of them. The first is cost with��"}, {"start": "00:08:03", "end": "00:08:09", "text": "entry-level models starting at around $60 to $80,�\nwhile a hot wallet costs nothing. The second is��"}, {"start": "00:08:09", "end": "00:08:14", "text": "friction, because every transaction takes a�\nfew extra steps and needs the device to hand.��"}, {"start": "00:08:14", "end": "00:08:20", "text": "And the third is the one that's often overlooked.�\nA hardware wallet protects the key, but it can't��"}, {"start": "00:08:20", "end": "00:08:25", "text": "protect your judgment. If a malicious website asks�\nyou to approve something harmful and you press the��"}, {"start": "00:08:25", "end": "00:08:30", "text": "button, the device will sign it. That's harder�\nto spot with complicated smart contract requests,��"}, {"start": "00:08:30", "end": "00:08:37", "text": "which can be unreadable on a tiny screen. This is�\nwhat's known as blind signing. And as it happens,��"}, {"start": "00:08:37", "end": "00:08:42", "text": "manufacturers are now rolling out clear signing�\nto show planer descriptions. Then there's the��"}, {"start": "00:08:42", "end": "00:08:48", "text": "supply chain. only buy from the manufacturer or�\nan authorized reseller and never use a device that��"}, {"start": "00:08:48", "end": "00:08:53", "text": "arrives already set up or with a seed phrase�\nwritten down for you. That is someone trying��"}, {"start": "00:08:53", "end": "00:08:59", "text": "to rob you. So, a cold wallet doesn't make you�\nuntouchable, but it shrinks the danger down to one��"}, {"start": "00:08:59", "end": "00:09:05", "text": "moment, the button press. So, then how does Sam�\nset one up without making the classic mistakes?��"}, {"start": "00:09:05", "end": "00:09:11", "text": "Well, there are four rules and they apply whether�\nhe opts for hot or cold. The first is to download��"}, {"start": "00:09:11", "end": "00:09:17", "text": "the wallet from the official source only typing�\nthe web address himself or using the official��"}, {"start": "00:09:17", "end": "00:09:24", "text": "app store listing, not an ad and not a link from�\nan email or a social media post. The second is��"}, {"start": "00:09:24", "end": "00:09:31", "text": "to write the seed phrase on paper or stamp it into�\nmetal. He never takes a screenshot, never saves it��"}, {"start": "00:09:31", "end": "00:09:37", "text": "in notes or cloud storage, and never types it into�\na website. Anything stored on a connected device��"}, {"start": "00:09:37", "end": "00:09:43", "text": "stays right where all that fishing and malware�\ncould be, and a camera roll full of holiday snaps��"}, {"start": "00:09:43", "end": "00:09:49", "text": "is no place for a master key. The third is to send�\na small test amount before anything sizable. If it��"}, {"start": "00:09:49", "end": "00:09:55", "text": "arrives where it should, Sam knows the address�\nand the wallet both work. For extra confidence,��"}, {"start": "00:09:55", "end": "00:10:00", "text": "he can restore the wallet from his seed phrase�\nto check the backup works before he ever needs��"}, {"start": "00:10:00", "end": "00:10:04", "text": "it. The worst time to discover a typo in�\nyour backup is after the phone is gone.��"}, {"start": "00:10:04", "end": "00:10:10", "text": "And the fourth is more of a rule of thumb. A hot�\nwallet for spending money and a cold wallet for��"}, {"start": "00:10:10", "end": "00:10:15", "text": "money you plan to keep. An app wallet takes�\nabout 10 minutes to set up while a hardware��"}, {"start": "00:10:15", "end": "00:10:21", "text": "wallet might take closer to half an hour. So the�\ntechnology is the easy part. The habits are what��"}, {"start": "00:10:21", "end": "00:10:26", "text": "actually keep the money safe. Now you'd probably�\nassume most people lose crypto because somebody��"}, {"start": "00:10:26", "end": "00:10:31", "text": "cracked the code. Well, not really. It's never�\nsomething to do with a supercomputer or some��"}, {"start": "00:10:31", "end": "00:10:37", "text": "computer science savant hacking into your system.�\nIt's almost always just the victim being persuaded��"}, {"start": "00:10:37", "end": "00:10:43", "text": "to hand something over or press a button that they�\nshouldn't have. And it usually happens in one of��"}, {"start": "00:10:43", "end": "00:10:49", "text": "three ways. The first is the fake support agent.�\nSam posts online about a payment that seems stuck��"}, {"start": "00:10:49", "end": "00:10:56", "text": "and a friendly support agent messages him within�\nminutes. His wallet just needs to be validated,��"}, {"start": "00:10:56", "end": "00:11:02", "text": "they explain, and all he has to do is enter his�\nseed phrase. He does, and shortly afterwards,��"}, {"start": "00:11:02", "end": "00:11:08", "text": "the wallet is empty. Real support staff, as it�\nhappens, don't go around sliding into people's��"}, {"start": "00:11:08", "end": "00:11:15", "text": "DMs. The second is the lookalike website.�\nSam clicks a link to an app he already uses,��"}, {"start": "00:11:15", "end": "00:11:20", "text": "except the web address is one character off.�\nHe connects his wallet and signs something that��"}, {"start": "00:11:20", "end": "00:11:25", "text": "looks routine, but it's actually an approval,�\ngiving the site permission to spend his tokens,��"}, {"start": "00:11:25", "end": "00:11:31", "text": "and the wallet is drained in seconds. His seed�\nphrase never left the paper it was written on.��"}, {"start": "00:11:31", "end": "00:11:36", "text": "Remember that signature anyone could check, but�\nonly Sam can produce? Well, this time he produced��"}, {"start": "00:11:36", "end": "00:11:43", "text": "it for the wrong people. And the third is the�\nmost frustrating of all. Sam upgrades his phone,��"}, {"start": "00:11:43", "end": "00:11:49", "text": "trades in the old one, and realizes he never wrote�\ndown his seed phrase. His crypto is still on the��"}, {"start": "00:11:49", "end": "00:11:55", "text": "blockchain, perfectly visible, but completely�\nstuck. Sound familiar? Well, it's the Howell��"}, {"start": "00:11:55", "end": "00:12:01", "text": "situation again, just without the landfill. Now,�\nwhat do these three stories have in common? Well,��"}, {"start": "00:12:01", "end": "00:12:06", "text": "the private key was never cracked, and�\nthe signature was never forged. Twice,��"}, {"start": "00:12:06", "end": "00:12:13", "text": "the owner handed over access, and once the backup�\njust didn't exist. The weak point was always down��"}, {"start": "00:12:13", "end": "00:12:19", "text": "to a fault made by the person responsible for�\nlooking after their own crypto. So remember this,��"}, {"start": "00:12:19", "end": "00:12:25", "text": "nobody legitimate ever needs your seed phrase.�\nAnd I mean nobody. The only copy should be yours��"}, {"start": "00:12:25", "end": "00:12:31", "text": "written down somewhere secret and safe. And�\nit's a good idea to develop one other habit,��"}, {"start": "00:12:31", "end": "00:12:38", "text": "reading what you approve before you approve it. Do�\nthat and your crypto will remain safe and secure.��"}, {"start": "00:12:38", "end": "00:12:42", "text": "Getting set up with a crypto wallet takes as�\nlittle as a few minutes. Staying safe takes��"}, {"start": "00:12:42", "end": "00:12:48", "text": "nothing more than a pen, a sheet of paper, and a�\nbit of discipline. So, would you rather hold your��"}, {"start": "00:12:48", "end": "00:12:54", "text": "own keys and carry the responsibility, or leave�\nyour crypto with an exchange and trust someone��"}, {"start": "00:12:54", "end": "00:12:59", "text": "else to hold them? Let us know your thoughts in�\nthe comments down below. And if you're ready to��"}, {"start": "00:12:59", "end": "00:13:03", "text": "step up your security and get a hardware wallet�\nof your own, then check out the Coin Bureau deals��"}, {"start": "00:13:03", "end": "00:13:07", "text": "page linked in the description where you'll�\nfind discounts on the best wallets available��"}, {"start": "00:13:07", "end": "00:13:12", "text": "on the market. And if you want to go deeper on�\nthe different crypto wallet options out there,��"}, {"start": "00:13:12", "end": "00:13:16", "text": "well then you should definitely check out�\nour video on that right over here. As always,��"}, {"start": "00:13:16", "end": "00:13:21", "text": "thank you so much for watching and I'll see�\nyou again very soon. This is Louis signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "So, how did a 17-mi pipeline wreck AI?"}, {"start": "00:00:04", "end": "00:00:08", "text": "Oracle and OpenAI set out to build a"}, {"start": "00:00:06", "end": "00:00:10", "text": "half-trillion-dollar AI supercomputer in"}, {"start": "00:00:08", "end": "00:00:12", "text": "New Mexico. But right now, the entire"}, {"start": "00:00:10", "end": "00:00:14", "text": "project is stuck. And it's not because"}, {"start": "00:00:12", "end": "00:00:17", "text": "of a chip shortage. The local grid can't"}, {"start": "00:00:14", "end": "00:00:19", "text": "supply enough electricity, so the site"}, {"start": "00:00:17", "end": "00:00:21", "text": "needs its own power plant. But state"}, {"start": "00:00:19", "end": "00:00:24", "text": "officials repeatedly denied the permits"}, {"start": "00:00:21", "end": "00:00:26", "text": "for a 17-mi natural gas pipeline needed"}, {"start": "00:00:24", "end": "00:00:28", "text": "to run it. And without gas, there's no"}, {"start": "00:00:26", "end": "00:00:30", "text": "power. And without power, the data"}, {"start": "00:00:28", "end": "00:00:33", "text": "center is pretty much useless. So,"}, {"start": "00:00:30", "end": "00:00:35", "text": "Oracle invoked force majeure to stop"}, {"start": "00:00:33", "end": "00:00:37", "text": "paying rent. And that's huge because the"}, {"start": "00:00:35", "end": "00:00:39", "text": "developers took out $18 billion in bank"}, {"start": "00:00:37", "end": "00:00:41", "text": "loans to build this. Without Oracle's"}, {"start": "00:00:39", "end": "00:00:43", "text": "rent money, the developers have zero"}, {"start": "00:00:41", "end": "00:00:46", "text": "cash to pay back $18 billion in bank"}, {"start": "00:00:43", "end": "00:00:48", "text": "loans. But the interest keeps piling up"}, {"start": "00:00:46", "end": "00:00:52", "text": "daily, threatening to drag down banks,"}, {"start": "00:00:48", "end": "00:00:52", "text": "Oracle's stock, and the entire project."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Ledger invited us inside its Paris"}, {"start": "00:00:01", "end": "00:00:05", "text": "headquarters to see the device it has"}, {"start": "00:00:03", "end": "00:00:05", "text": "spent 6 years"}, {"start": "00:00:05", "end": "00:00:07", "text": ">> [music]"}, {"start": "00:00:05", "end": "00:00:08", "text": ">> building. And it looks like a phone, it"}, {"start": "00:00:07", "end": "00:00:10", "text": "feels like a phone, but it isn't"}, {"start": "00:00:08", "end": "00:00:13", "text": "designed to replace one. And it might"}, {"start": "00:00:10", "end": "00:00:15", "text": "just be the most secure personal device"}, {"start": "00:00:13", "end": "00:00:17", "text": "on planet Earth. It's called Ledger"}, {"start": "00:00:15", "end": "00:00:19", "text": "Atom. Now, although it's designed to"}, {"start": "00:00:17", "end": "00:00:21", "text": "support many apps and features you would"}, {"start": "00:00:19", "end": "00:00:23", "text": "expect from a regular smartphone, Ledger"}, {"start": "00:00:21", "end": "00:00:24", "text": "isn't trying to compete directly with"}, {"start": "00:00:23", "end": "00:00:26", "text": "Apple or Samsung. Instead, [music]"}, {"start": "00:00:24", "end": "00:00:28", "text": "Ledger has taken the security tech it"}, {"start": "00:00:26", "end": "00:00:31", "text": "developed to protect crypto and applied"}, {"start": "00:00:28", "end": "00:00:32", "text": "that to our much wider digital lives. Of"}, {"start": "00:00:31", "end": "00:00:34", "text": "course, Ledger wallet runs directly on"}, {"start": "00:00:32", "end": "00:00:36", "text": "Atom, so you can still buy, [music]"}, {"start": "00:00:34", "end": "00:00:38", "text": "swap, stake, and approve transactions on"}, {"start": "00:00:36", "end": "00:00:39", "text": "the same secure screen without"}, {"start": "00:00:38", "end": "00:00:42", "text": "connecting to a separate hardware"}, {"start": "00:00:39", "end": "00:00:43", "text": "wallet. But Atom goes much further than"}, {"start": "00:00:42", "end": "00:00:46", "text": "crypto. [music] And the feature that"}, {"start": "00:00:43", "end": "00:00:48", "text": "could matter most is private messaging."}, {"start": "00:00:46", "end": "00:00:50", "text": "Apps like Signal or WhatsApp encrypt"}, {"start": "00:00:48", "end": "00:00:51", "text": "messages while they travel between"}, {"start": "00:00:50", "end": "00:00:53", "text": "devices, but eventually [music] each"}, {"start": "00:00:51", "end": "00:00:55", "text": "message has to be decrypted and"}, {"start": "00:00:53", "end": "00:00:58", "text": "displayed on an ordinary smartphone. If"}, {"start": "00:00:55", "end": "00:01:00", "text": "that phone is compromised, malware can"}, {"start": "00:00:58", "end": "00:01:01", "text": "obviously read the message alongside"}, {"start": "00:01:00", "end": "00:01:03", "text": "you. So, the encryption might have"}, {"start": "00:01:01", "end": "00:01:05", "text": "worked perfectly fine, but the endpoint"}, {"start": "00:01:03", "end": "00:01:08", "text": "still failed. And Atom is designed to"}, {"start": "00:01:05", "end": "00:01:10", "text": "protect this endpoint itself. So,"}, {"start": "00:01:08", "end": "00:01:12", "text": "between two Atom devices, the encryption"}, {"start": "00:01:10", "end": "00:01:14", "text": "keys remain inside their secure"}, {"start": "00:01:12", "end": "00:01:16", "text": "elements, meaning outside Ledger OS,"}, {"start": "00:01:14", "end": "00:01:18", "text": "applications see nothing but"}, {"start": "00:01:16", "end": "00:01:20", "text": "weird-looking scrambled text. Ledger"}, {"start": "00:01:18", "end": "00:01:22", "text": "itself doesn't hold a master key, so"}, {"start": "00:01:20", "end": "00:01:24", "text": "even if Ledger wanted to, even if it was"}, {"start": "00:01:22", "end": "00:01:25", "text": "ordered to, it couldn't decrypt the"}, {"start": "00:01:24", "end": "00:01:28", "text": "conversation if a government actually"}, {"start": "00:01:25", "end": "00:01:30", "text": "demanded it. And in a world where"}, {"start": "00:01:28", "end": "00:01:32", "text": "governments increasingly want access to"}, {"start": "00:01:30", "end": "00:01:35", "text": "private communications, that is a very,"}, {"start": "00:01:32", "end": "00:01:37", "text": "very big deal. And Atom applies the same"}, {"start": "00:01:35", "end": "00:01:39", "text": "hardware-first security [music] to"}, {"start": "00:01:37", "end": "00:01:42", "text": "passkeys, to financial transactions, to"}, {"start": "00:01:39", "end": "00:01:44", "text": "actions proposed by AI agents. Most"}, {"start": "00:01:42", "end": "00:01:46", "text": "companies take a conventional smartphone"}, {"start": "00:01:44", "end": "00:01:48", "text": "and add security on top. Ledger"}, {"start": "00:01:46", "end": "00:01:50", "text": "approached the problem from the opposite"}, {"start": "00:01:48", "end": "00:01:52", "text": "direction entirely. It spent years"}, {"start": "00:01:50", "end": "00:01:53", "text": "building the security hardware first,"}, {"start": "00:01:52", "end": "00:01:55", "text": "then opened it up to everyday"}, {"start": "00:01:53", "end": "00:01:57", "text": "applications. It even has an active"}, {"start": "00:01:55", "end": "00:01:59", "text": "shield designed to detect attempts to"}, {"start": "00:01:57", "end": "00:02:01", "text": "physically probe or modify and secure"}, {"start": "00:01:59", "end": "00:02:03", "text": "hardware before it reaches you or while"}, {"start": "00:02:01", "end": "00:02:05", "text": "you're already using it. The Founder's"}, {"start": "00:02:03", "end": "00:02:08", "text": "Edition costs $849,"}, {"start": "00:02:05", "end": "00:02:10", "text": "requires a refundable $100 reservation"}, {"start": "00:02:08", "end": "00:02:11", "text": "deposit, and is expected to ship in"}, {"start": "00:02:10", "end": "00:02:11", "text": "summer 2027."}, {"start": "00:02:11", "end": "00:02:13", "text": ">> [music]"}, {"start": "00:02:11", "end": "00:02:15", "text": ">> And yes, Ledger Atom is obviously"}, {"start": "00:02:13", "end": "00:02:17", "text": "compatible with the latest post-quantum"}, {"start": "00:02:15", "end": "00:02:19", "text": "cryptography standards as [music] well."}, {"start": "00:02:17", "end": "00:02:21", "text": "So, has Ledger actually built the most"}, {"start": "00:02:19", "end": "00:02:23", "text": "secure personal device on Earth?"}, {"start": "00:02:21", "end": "00:02:25", "text": "They might have, but would you carry a"}, {"start": "00:02:23", "end": "00:02:27", "text": "secondary device purely for security"}, {"start": "00:02:25", "end": "00:02:30", "text": "reasons? Let us know in the comments"}, {"start": "00:02:27", "end": "00:02:30", "text": "down below."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "America is never going to pay off its"}, {"start": "00:00:02", "end": "00:00:07", "text": "national debt. As I make this video,"}, {"start": "00:00:05", "end": "00:00:09", "text": "it's about $40 trillion, a line it"}, {"start": "00:00:07", "end": "00:00:11", "text": "crossed for the first time back in"}, {"start": "00:00:09", "end": "00:00:14", "text": "August. But as catastrophic as that may"}, {"start": "00:00:11", "end": "00:00:16", "text": "sound, it actually reflects exactly how"}, {"start": "00:00:14", "end": "00:00:19", "text": "the system is supposed to run. The debt"}, {"start": "00:00:16", "end": "00:00:20", "text": "so many talking heads are worried about"}, {"start": "00:00:19", "end": "00:00:22", "text": "is essentially the foundation of"}, {"start": "00:00:20", "end": "00:00:24", "text": "mortgage rates, the job market, and the"}, {"start": "00:00:22", "end": "00:00:26", "text": "entire global financial system. Now,"}, {"start": "00:00:24", "end": "00:00:28", "text": "that might sound crazy, but by the end"}, {"start": "00:00:26", "end": "00:00:30", "text": "of this video, you'll [music] understand"}, {"start": "00:00:28", "end": "00:00:32", "text": "why it's not nearly as strange as it"}, {"start": "00:00:30", "end": "00:00:34", "text": "seems. We'll look at how America escaped"}, {"start": "00:00:32", "end": "00:00:36", "text": "the debt trap before, why every one of"}, {"start": "00:00:34", "end": "00:00:38", "text": "those options is now closed, why the"}, {"start": "00:00:36", "end": "00:00:40", "text": "budget can simply be cut, and why the"}, {"start": "00:00:38", "end": "00:00:43", "text": "[music] world actually needs this debt"}, {"start": "00:00:40", "end": "00:00:45", "text": "to keep growing. My name is DC and this"}, {"start": "00:00:43", "end": "00:00:48", "text": "is the Coin Bureau."}, {"start": "00:00:45", "end": "00:00:50", "text": "As unprecedented as the current debt"}, {"start": "00:00:48", "end": "00:00:51", "text": "situation may seem, America has actually"}, {"start": "00:00:50", "end": "00:00:54", "text": "been in a pretty similar position"}, {"start": "00:00:51", "end": "00:00:56", "text": "before. Back in 1946, the US had just"}, {"start": "00:00:54", "end": "00:00:59", "text": "finished paying for the biggest war in"}, {"start": "00:00:56", "end": "00:01:02", "text": "its history. Debt held by the public had"}, {"start": "00:00:59", "end": "00:01:03", "text": "hit 106% of GDP. That is to say, the"}, {"start": "00:01:02", "end": "00:01:06", "text": "country owed more than everything it"}, {"start": "00:01:03", "end": "00:01:09", "text": "produced in an entire year. And yet, by"}, {"start": "00:01:06", "end": "00:01:12", "text": "1974, that figure had fallen to about"}, {"start": "00:01:09", "end": "00:01:15", "text": "23%. So, how did it climb out from under"}, {"start": "00:01:12", "end": "00:01:17", "text": "a debt that size? Well, a few forces"}, {"start": "00:01:15", "end": "00:01:19", "text": "were at work here. decades of primary"}, {"start": "00:01:17", "end": "00:01:21", "text": "budget surpluses, rates cap below"}, {"start": "00:01:19", "end": "00:01:23", "text": "inflation, and surprise inflation with a"}, {"start": "00:01:21", "end": "00:01:25", "text": "booming post-war economy helping along"}, {"start": "00:01:23", "end": "00:01:27", "text": "the way. So, let's first look at the"}, {"start": "00:01:25", "end": "00:01:30", "text": "economy. The war ended, factory swapped"}, {"start": "00:01:27", "end": "00:01:32", "text": "tanks for cars and fridges, and the"}, {"start": "00:01:30", "end": "00:01:37", "text": "postwar boom took off. Defense spending"}, {"start": "00:01:32", "end": "00:01:40", "text": "fell from about $1.1 trillion in 1945 to"}, {"start": "00:01:37", "end": "00:01:43", "text": "177 billion by 1950 in today's money. So"}, {"start": "00:01:40", "end": "00:01:45", "text": "the government mostly stopped adding to"}, {"start": "00:01:43", "end": "00:01:47", "text": "the pile while the economy around it"}, {"start": "00:01:45", "end": "00:01:49", "text": "kept getting bigger. Growth helped, but"}, {"start": "00:01:47", "end": "00:01:50", "text": "those budget surpluses and suppressed"}, {"start": "00:01:49", "end": "00:01:53", "text": "real interest rates did much of the"}, {"start": "00:01:50", "end": "00:01:55", "text": "work. Demographics gave the economy a"}, {"start": "00:01:53", "end": "00:01:57", "text": "tailwind as well, even if they weren't a"}, {"start": "00:01:55", "end": "00:02:00", "text": "direct driver of the debt falling."}, {"start": "00:01:57", "end": "00:02:01", "text": "Soldiers came home and started families,"}, {"start": "00:02:00", "end": "00:02:04", "text": "and the baby boom that followed fed a"}, {"start": "00:02:01", "end": "00:02:07", "text": "huge generation into the workforce. Back"}, {"start": "00:02:04", "end": "00:02:09", "text": "in 1960, there were five workers paying"}, {"start": "00:02:07", "end": "00:02:12", "text": "into social security for every person"}, {"start": "00:02:09", "end": "00:02:14", "text": "drawing from it. That's a lot of people"}, {"start": "00:02:12", "end": "00:02:18", "text": "paying in and very few taking out. Then"}, {"start": "00:02:14", "end": "00:02:20", "text": "there was inflation. From 1942 to 1951,"}, {"start": "00:02:18", "end": "00:02:23", "text": "the Federal Reserve pegged interest"}, {"start": "00:02:20", "end": "00:02:26", "text": "rates at the Treasury's request, capping"}, {"start": "00:02:23", "end": "00:02:29", "text": "long-term bond yields at just 2.5%."}, {"start": "00:02:26", "end": "00:02:32", "text": "Then price controls came off while rates"}, {"start": "00:02:29", "end": "00:02:34", "text": "stayed low and prices jumped. For 24 of"}, {"start": "00:02:32", "end": "00:02:36", "text": "the 30 years after the war, real"}, {"start": "00:02:34", "end": "00:02:38", "text": "interest rates were negative. So bond"}, {"start": "00:02:36", "end": "00:02:41", "text": "holders were repaid in dollars that"}, {"start": "00:02:38", "end": "00:02:43", "text": "bought less every single year. Great if"}, {"start": "00:02:41", "end": "00:02:44", "text": "you're the borrower, less so if you're"}, {"start": "00:02:43", "end": "00:02:46", "text": "the lender. But there's an important"}, {"start": "00:02:44", "end": "00:02:48", "text": "point here. The dollar pile never really"}, {"start": "00:02:46", "end": "00:02:51", "text": "shrank. The debt didn't get paid off. It"}, {"start": "00:02:48", "end": "00:02:53", "text": "got outgrown. So why can America just"}, {"start": "00:02:51", "end": "00:02:56", "text": "run the same strategy again? Well,"}, {"start": "00:02:53", "end": "00:02:58", "text": "because all three of those forces have"}, {"start": "00:02:56", "end": "00:03:00", "text": "turned around. So let's consider growth"}, {"start": "00:02:58", "end": "00:03:03", "text": "first. The Congressional Budget Office"}, {"start": "00:03:00", "end": "00:03:07", "text": "or CBO expects the economy to grow about"}, {"start": "00:03:03", "end": "00:03:10", "text": "1.8% a year after 2026. And that's not"}, {"start": "00:03:07", "end": "00:03:13", "text": "exactly boom territory. Debt held by the"}, {"start": "00:03:10", "end": "00:03:16", "text": "public is already around 101% of GDP."}, {"start": "00:03:13", "end": "00:03:20", "text": "And CBO projects it'll break that 1946"}, {"start": "00:03:16", "end": "00:03:23", "text": "record of 106% around 2030. So this time"}, {"start": "00:03:20", "end": "00:03:25", "text": "the debt is outrunning the economy. Then"}, {"start": "00:03:23", "end": "00:03:28", "text": "there's demographics. Those five workers"}, {"start": "00:03:25", "end": "00:03:31", "text": "per beneficiary in 1960 have now shrunk"}, {"start": "00:03:28", "end": "00:03:33", "text": "to 2.9. And the boomers who once filled"}, {"start": "00:03:31", "end": "00:03:35", "text": "the system up are now retired and"}, {"start": "00:03:33", "end": "00:03:37", "text": "drawing it down. The generation that"}, {"start": "00:03:35", "end": "00:03:39", "text": "paid for the last escape is now the one"}, {"start": "00:03:37", "end": "00:03:41", "text": "being paid. And finally, we have"}, {"start": "00:03:39", "end": "00:03:44", "text": "inflation. But this doesn't work the way"}, {"start": "00:03:41", "end": "00:03:46", "text": "it used to. There is no rate peg this"}, {"start": "00:03:44", "end": "00:03:48", "text": "time. The Fed targets 2% inflation. And"}, {"start": "00:03:46", "end": "00:03:50", "text": "the debt gets refinanced at whatever"}, {"start": "00:03:48", "end": "00:03:53", "text": "rate the market actually demands. And"}, {"start": "00:03:50", "end": "00:03:56", "text": "right now, the cheap debt from the 2010s"}, {"start": "00:03:53", "end": "00:03:59", "text": "and from 2020 and 2021 is maturing and"}, {"start": "00:03:56", "end": "00:04:01", "text": "being replaced at much higher yields. So"}, {"start": "00:03:59", "end": "00:04:03", "text": "when inflation rises, lenders just"}, {"start": "00:04:01", "end": "00:04:05", "text": "demand more to hold the debt. In simple"}, {"start": "00:04:03", "end": "00:04:08", "text": "terms, inflation pushes the interest"}, {"start": "00:04:05", "end": "00:04:10", "text": "bill up faster than it shrinks what's"}, {"start": "00:04:08", "end": "00:04:14", "text": "owed. Net interest passed about $1"}, {"start": "00:04:10", "end": "00:04:17", "text": "trillion in 2026, roughly $3 billion per"}, {"start": "00:04:14", "end": "00:04:20", "text": "day, and CBO projects 2.1 trillion by"}, {"start": "00:04:17", "end": "00:04:22", "text": "2036. So the explosive rise isn't an"}, {"start": "00:04:20", "end": "00:04:24", "text": "accident anymore. It's built into the"}, {"start": "00:04:22", "end": "00:04:26", "text": "system and you need to stay on top of it"}, {"start": "00:04:24", "end": "00:04:29", "text": "if you have any hope of navigating these"}, {"start": "00:04:26", "end": "00:04:30", "text": "market conditions. But who has time to"}, {"start": "00:04:29", "end": "00:04:32", "text": "keep track of everything happening"}, {"start": "00:04:30", "end": "00:04:35", "text": "across treasury auctions and bond"}, {"start": "00:04:32", "end": "00:04:37", "text": "markets? Well, good thing there's an"}, {"start": "00:04:35", "end": "00:04:39", "text": "easier way by joining the Coin Bureau"}, {"start": "00:04:37", "end": "00:04:41", "text": "Club. The club gives you full access to"}, {"start": "00:04:39", "end": "00:04:43", "text": "our dedicated research team through our"}, {"start": "00:04:41", "end": "00:04:45", "text": "private Discord. all of their research"}, {"start": "00:04:43", "end": "00:04:47", "text": "across major markets plus daily updates"}, {"start": "00:04:45", "end": "00:04:49", "text": "so you don't miss the catalyst that"}, {"start": "00:04:47", "end": "00:04:51", "text": "actually move your portfolio. So if you"}, {"start": "00:04:49", "end": "00:04:53", "text": "want the people tracking this stuff"}, {"start": "00:04:51", "end": "00:04:54", "text": "daily in your corner, you'll find the"}, {"start": "00:04:53", "end": "00:04:57", "text": "link in the description below or you can"}, {"start": "00:04:54", "end": "00:05:00", "text": "scan the QR code on screen now. Okay,"}, {"start": "00:04:57", "end": "00:05:03", "text": "back to the budget. So if America can"}, {"start": "00:05:00", "end": "00:05:06", "text": "grow, multiply, or inflate its way out,"}, {"start": "00:05:03", "end": "00:05:08", "text": "why not just cut spending? Well, because"}, {"start": "00:05:06", "end": "00:05:10", "text": "most of the budget isn't actually up for"}, {"start": "00:05:08", "end": "00:05:11", "text": "grabs. It's as if you were to inherit a"}, {"start": "00:05:10", "end": "00:05:14", "text": "house where most of the rooms are"}, {"start": "00:05:11", "end": "00:05:16", "text": "locked. You pay the bills, sure, but the"}, {"start": "00:05:14", "end": "00:05:18", "text": "keys to the biggest rooms went to the"}, {"start": "00:05:16", "end": "00:05:20", "text": "people you made promises to many, many"}, {"start": "00:05:18", "end": "00:05:22", "text": "years ago. You can repaint the hallway."}, {"start": "00:05:20", "end": "00:05:24", "text": "You can switch off the lights in the"}, {"start": "00:05:22", "end": "00:05:26", "text": "spare bedroom, but the rooms where the"}, {"start": "00:05:24", "end": "00:05:29", "text": "real money goes stay shut. And the US"}, {"start": "00:05:26", "end": "00:05:32", "text": "budget works exactly the same way. In"}, {"start": "00:05:29", "end": "00:05:35", "text": "fiscal year 2025, the government spent"}, {"start": "00:05:32", "end": "00:05:37", "text": "$7 trillion. And roughly 60% of it was"}, {"start": "00:05:35", "end": "00:05:39", "text": "mandatory spending. That's money that"}, {"start": "00:05:37", "end": "00:05:41", "text": "goes out automatically under existing"}, {"start": "00:05:39", "end": "00:05:44", "text": "law without Congress having any say on"}, {"start": "00:05:41", "end": "00:05:46", "text": "it. Now, the biggest locked rooms are"}, {"start": "00:05:44", "end": "00:05:48", "text": "Social Security and Medicare, promises"}, {"start": "00:05:46", "end": "00:05:51", "text": "made to a retired population that keeps"}, {"start": "00:05:48", "end": "00:05:52", "text": "on growing. And Congress has made a"}, {"start": "00:05:51", "end": "00:05:55", "text": "major structural change to Social"}, {"start": "00:05:52", "end": "00:05:57", "text": "Security since 1983."}, {"start": "00:05:55", "end": "00:06:00", "text": "Then there's a room with no door handle"}, {"start": "00:05:57", "end": "00:06:02", "text": "at all. Interest. The interest has to be"}, {"start": "00:06:00", "end": "00:06:05", "text": "paid. Plain and simple. You can trim it"}, {"start": "00:06:02", "end": "00:06:08", "text": "or delay it. Mandatory spending plus"}, {"start": "00:06:05", "end": "00:06:10", "text": "interest comes to roughly $5.6 trillion"}, {"start": "00:06:08", "end": "00:06:13", "text": "about equal to everything the federal"}, {"start": "00:06:10", "end": "00:06:16", "text": "government actually collects. So before"}, {"start": "00:06:13", "end": "00:06:18", "text": "Congress funds a single soldier, road or"}, {"start": "00:06:16", "end": "00:06:20", "text": "research grant, the tax money is already"}, {"start": "00:06:18", "end": "00:06:22", "text": "gone. Every single dollar of"}, {"start": "00:06:20", "end": "00:06:24", "text": "discretionary spending is borrowed and"}, {"start": "00:06:22", "end": "00:06:27", "text": "that discretionary part is only about"}, {"start": "00:06:24", "end": "00:06:29", "text": "27% of the budget with defense taking"}, {"start": "00:06:27", "end": "00:06:32", "text": "nearly half of it. Meanwhile, CBO"}, {"start": "00:06:29", "end": "00:06:33", "text": "expects social security, Medicare, and"}, {"start": "00:06:32", "end": "00:06:36", "text": "interest to grow by more than 3"}, {"start": "00:06:33", "end": "00:06:39", "text": "percentage points of GDP between them by"}, {"start": "00:06:36", "end": "00:06:42", "text": "2036. So, you can't cut your way out of"}, {"start": "00:06:39", "end": "00:06:44", "text": "a budget made of hard promises. But who"}, {"start": "00:06:42", "end": "00:06:46", "text": "actually holds all of this debt? And why"}, {"start": "00:06:44", "end": "00:06:48", "text": "would they want even more of it? Well,"}, {"start": "00:06:46", "end": "00:06:51", "text": "the debt comes in the form of US"}, {"start": "00:06:48", "end": "00:06:53", "text": "treasuries, IUS, from the US government,"}, {"start": "00:06:51", "end": "00:06:55", "text": "and they are the world's safe asset."}, {"start": "00:06:53", "end": "00:06:57", "text": "Believe it or not, banks hold them as"}, {"start": "00:06:55", "end": "00:07:00", "text": "their safety buffer. Pension funds hold"}, {"start": "00:06:57", "end": "00:07:01", "text": "them to match what they owe retirees."}, {"start": "00:07:00", "end": "00:07:04", "text": "Foreign central banks hold them as"}, {"start": "00:07:01", "end": "00:07:07", "text": "reserves and foreign holders own $9.3"}, {"start": "00:07:04", "end": "00:07:10", "text": "trillion of the total with Japan alone"}, {"start": "00:07:07", "end": "00:07:12", "text": "holding about $1.12 trillion. But the"}, {"start": "00:07:10", "end": "00:07:15", "text": "real job of a treasury isn't sitting any"}, {"start": "00:07:12", "end": "00:07:17", "text": "vault. It's collateral. Every day,"}, {"start": "00:07:15", "end": "00:07:19", "text": "banks, dealers, and funds borrow huge"}, {"start": "00:07:17", "end": "00:07:21", "text": "sums from each other in what's called"}, {"start": "00:07:19", "end": "00:07:24", "text": "the repo market. That basically means"}, {"start": "00:07:21", "end": "00:07:26", "text": "they hand over treasuries as collateral,"}, {"start": "00:07:24", "end": "00:07:29", "text": "get cash in return, and buy the treasury"}, {"start": "00:07:26", "end": "00:07:31", "text": "back shortly after. Those loans underpin"}, {"start": "00:07:29", "end": "00:07:33", "text": "sulfur or the secured overnight"}, {"start": "00:07:31", "end": "00:07:36", "text": "financing rate, a benchmark much of the"}, {"start": "00:07:33", "end": "00:07:38", "text": "system prices from. Treasuries also back"}, {"start": "00:07:36", "end": "00:07:40", "text": "derivatives trades and help support the"}, {"start": "00:07:38", "end": "00:07:42", "text": "clearing houses that keep one firm's"}, {"start": "00:07:40", "end": "00:07:44", "text": "failure from toppling everyone else."}, {"start": "00:07:42", "end": "00:07:48", "text": "Gross repo activity at US banks and"}, {"start": "00:07:44", "end": "00:07:51", "text": "dealers grew 50% between 2019 and 2024."}, {"start": "00:07:48", "end": "00:07:53", "text": "Now, for context, by the end of 2009,"}, {"start": "00:07:51", "end": "00:07:56", "text": "there was $7.3 trillion of marketable"}, {"start": "00:07:53", "end": "00:07:58", "text": "treasury debt outstanding. Today, it's"}, {"start": "00:07:56", "end": "00:08:00", "text": "more than $30 trillion. And the"}, {"start": "00:07:58", "end": "00:08:03", "text": "financial system didn't just absorb that"}, {"start": "00:08:00", "end": "00:08:05", "text": "supply. Instead, it grew up around it."}, {"start": "00:08:03", "end": "00:08:06", "text": "Bank liquidity buffers, margin"}, {"start": "00:08:05", "end": "00:08:09", "text": "requirements, pension matching, and"}, {"start": "00:08:06", "end": "00:08:11", "text": "central bank reserves all rely on there"}, {"start": "00:08:09", "end": "00:08:14", "text": "being plenty of treasuries today and"}, {"start": "00:08:11", "end": "00:08:17", "text": "tomorrow. So, every new treasury the"}, {"start": "00:08:14", "end": "00:08:19", "text": "government sells isn't just another IOU."}, {"start": "00:08:17", "end": "00:08:20", "text": "It's a fresh piece of collateral that"}, {"start": "00:08:19", "end": "00:08:23", "text": "gets put straight to work somewhere in"}, {"start": "00:08:20", "end": "00:08:25", "text": "the global system. The debt Washington"}, {"start": "00:08:23", "end": "00:08:28", "text": "books as a liability is the rest of the"}, {"start": "00:08:25", "end": "00:08:29", "text": "world's safest asset. And that's exactly"}, {"start": "00:08:28", "end": "00:08:31", "text": "what makes it the very basis of the"}, {"start": "00:08:29", "end": "00:08:34", "text": "world's financial system. Which leads us"}, {"start": "00:08:31", "end": "00:08:36", "text": "to the most important question. What"}, {"start": "00:08:34", "end": "00:08:38", "text": "happens if America actually started"}, {"start": "00:08:36", "end": "00:08:42", "text": "paying it down? Well, it's been tried"}, {"start": "00:08:38", "end": "00:08:44", "text": "briefly. From fiscal year 1998 to 2001,"}, {"start": "00:08:42", "end": "00:08:47", "text": "the US ran four straight surpluses,"}, {"start": "00:08:44", "end": "00:08:49", "text": "peaking at $237 billion in the year"}, {"start": "00:08:47", "end": "00:08:51", "text": "2000. With less to borrow, the Treasury"}, {"start": "00:08:49", "end": "00:08:54", "text": "shrank its auctions, scrapped the"}, {"start": "00:08:51", "end": "00:08:56", "text": "three-year note entirely in 1998, and"}, {"start": "00:08:54", "end": "00:08:59", "text": "started buying back older bonds. Then"}, {"start": "00:08:56", "end": "00:09:01", "text": "came the combust, 911, tax cuts, and new"}, {"start": "00:08:59", "end": "00:09:03", "text": "spending, and the surpluses simply"}, {"start": "00:09:01", "end": "00:09:05", "text": "vanished. The US hasn't run one ever"}, {"start": "00:09:03", "end": "00:09:07", "text": "since. Now consider what a payown would"}, {"start": "00:09:05", "end": "00:09:09", "text": "actually look like in practice in"}, {"start": "00:09:07", "end": "00:09:11", "text": "today's environment. A shrinking supply"}, {"start": "00:09:09", "end": "00:09:14", "text": "of treasuries means less of the one"}, {"start": "00:09:11", "end": "00:09:16", "text": "asset the whole system borrows against."}, {"start": "00:09:14", "end": "00:09:18", "text": "Banks and dealers have less collateral"}, {"start": "00:09:16", "end": "00:09:20", "text": "to pledge, so funding gets tighter and"}, {"start": "00:09:18", "end": "00:09:22", "text": "more expensive, and that has knock-on"}, {"start": "00:09:20", "end": "00:09:24", "text": "effects. Borrowing costs rise for"}, {"start": "00:09:22", "end": "00:09:26", "text": "businesses and households. Mortgage"}, {"start": "00:09:24", "end": "00:09:29", "text": "rates move, credit dries up for anyone"}, {"start": "00:09:26", "end": "00:09:31", "text": "who isn't already a safe bet. And when"}, {"start": "00:09:29", "end": "00:09:34", "text": "companies can't borrow, they simply stop"}, {"start": "00:09:31", "end": "00:09:36", "text": "hiring, and then they start cutting. So,"}, {"start": "00:09:34", "end": "00:09:38", "text": "sure, the government itself wouldn't pay"}, {"start": "00:09:36", "end": "00:09:40", "text": "more on its own bonds. Scarce treasuries"}, {"start": "00:09:38", "end": "00:09:43", "text": "actually get more valuable, but everyone"}, {"start": "00:09:40", "end": "00:09:45", "text": "else gets hit. Shrinking the debt would"}, {"start": "00:09:43", "end": "00:09:47", "text": "pull the foundation out from under the"}, {"start": "00:09:45", "end": "00:09:50", "text": "system. So with all of that in mind,"}, {"start": "00:09:47", "end": "00:09:52", "text": "what is America supposed to do? After"}, {"start": "00:09:50", "end": "00:09:54", "text": "the Second World War, America had strong"}, {"start": "00:09:52", "end": "00:09:56", "text": "economic growth, a booming workforce,"}, {"start": "00:09:54", "end": "00:09:58", "text": "and inflation combined with capp"}, {"start": "00:09:56", "end": "00:10:00", "text": "interest rates to help it outgrow a debt"}, {"start": "00:09:58", "end": "00:10:02", "text": "bigger than its entire economy. But"}, {"start": "00:10:00", "end": "00:10:04", "text": "today, growth is slower, the workforce"}, {"start": "00:10:02", "end": "00:10:06", "text": "is aging, and inflation drives up"}, {"start": "00:10:04", "end": "00:10:09", "text": "interest costs instead of eating away at"}, {"start": "00:10:06", "end": "00:10:11", "text": "the debt. So, the old solutions no"}, {"start": "00:10:09", "end": "00:10:13", "text": "longer work. Spending is virtually"}, {"start": "00:10:11", "end": "00:10:14", "text": "impossible to rein in. And the financial"}, {"start": "00:10:13", "end": "00:10:17", "text": "system heavily depends on an ever"}, {"start": "00:10:14", "end": "00:10:19", "text": "growing supply of debt. So, if you're"}, {"start": "00:10:17", "end": "00:10:22", "text": "waiting for the US to start paying off"}, {"start": "00:10:19", "end": "00:10:24", "text": "its $40 trillion debt, don't hold your"}, {"start": "00:10:22", "end": "00:10:26", "text": "breath. Instead, you're probably much"}, {"start": "00:10:24", "end": "00:10:27", "text": "better off thinking about how much of"}, {"start": "00:10:26", "end": "00:10:29", "text": "that debt can grow before the"}, {"start": "00:10:27", "end": "00:10:32", "text": "consequences become completely"}, {"start": "00:10:29", "end": "00:10:34", "text": "unavoidable. So, is America's debt a"}, {"start": "00:10:32", "end": "00:10:37", "text": "crisis in slow motion or simply the cost"}, {"start": "00:10:34", "end": "00:10:38", "text": "of running the world's financial system?"}, {"start": "00:10:37", "end": "00:10:40", "text": "Please let us know your thoughts in the"}, {"start": "00:10:38", "end": "00:10:42", "text": "comments down below. And if you want to"}, {"start": "00:10:40", "end": "00:10:43", "text": "go deeper on how other governments are"}, {"start": "00:10:42", "end": "00:10:45", "text": "trying to prop up their own bond"}, {"start": "00:10:43", "end": "00:10:48", "text": "markets, you'll find a video on that"}, {"start": "00:10:45", "end": "00:10:50", "text": "right over here. As always, thank you so"}, {"start": "00:10:48", "end": "00:10:55", "text": "much for watching and I'll see you again"}, {"start": "00:10:50", "end": "00:10:55", "text": "very soon. This is DC signing off."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "thought it was an ugly situation for"}, {"start": "00:00:01", "end": "00:00:07", "text": "Bitcoin. Well, it was way worse for"}, {"start": "00:00:04", "end": "00:00:09", "text": "altcoins. When longs get flushed across"}, {"start": "00:00:07", "end": "00:00:11", "text": "the board, alts get hit the hardest"}, {"start": "00:00:09", "end": "00:00:13", "text": "because they have less liquidity and"}, {"start": "00:00:11", "end": "00:00:16", "text": "traders tend to pile on far more"}, {"start": "00:00:13", "end": "00:00:19", "text": "leverage to chase them. Near is the"}, {"start": "00:00:16", "end": "00:00:21", "text": "glaring example. On Sunday, NE printed"}, {"start": "00:00:19", "end": "00:00:24", "text": "fresh highs and closed the day up more"}, {"start": "00:00:21", "end": "00:00:27", "text": "than 11% with the weekend crowd rotating"}, {"start": "00:00:24", "end": "00:00:30", "text": "hard into alts. But by Monday, it had"}, {"start": "00:00:27", "end": "00:00:33", "text": "given back nearly 14% and formed a"}, {"start": "00:00:30", "end": "00:00:36", "text": "bearish engulfing daily candle. A big"}, {"start": "00:00:33", "end": "00:00:38", "text": "part of that Sunday move was built on"}, {"start": "00:00:36", "end": "00:00:40", "text": "leverage in the futures market. And when"}, {"start": "00:00:38", "end": "00:00:44", "text": "Bitcoin rolled over, that leverage"}, {"start": "00:00:40", "end": "00:00:44", "text": "unwound in a matter of"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Why is Bitcoin going up while everything"}, {"start": "00:00:02", "end": "00:00:07", "text": "else crashes? Tech stocks in Asia have"}, {"start": "00:00:05", "end": "00:00:10", "text": "been getting crushed. South Korea's"}, {"start": "00:00:07", "end": "00:00:13", "text": "Kospi index plummeted over 6% and US"}, {"start": "00:00:10", "end": "00:00:15", "text": "stock futures dropped, too. Normally,"}, {"start": "00:00:13", "end": "00:00:17", "text": "when stocks bleed, crypto gets dragged"}, {"start": "00:00:15", "end": "00:00:19", "text": "right down with them. But, the other"}, {"start": "00:00:17", "end": "00:00:22", "text": "day, Bitcoin did something completely"}, {"start": "00:00:19", "end": "00:00:24", "text": "different. It took the quick dip, yes,"}, {"start": "00:00:22", "end": "00:00:27", "text": "but then it bounced straight back up."}, {"start": "00:00:24", "end": "00:00:29", "text": "So, what's actually going on here? Well,"}, {"start": "00:00:27", "end": "00:00:31", "text": "big money investors aren't panic selling"}, {"start": "00:00:29", "end": "00:00:33", "text": "their Bitcoin ahead of Thursday's US"}, {"start": "00:00:31", "end": "00:00:35", "text": "inflation report. Instead of dumping"}, {"start": "00:00:33", "end": "00:00:37", "text": "their Bitcoin, they're holding on to it"}, {"start": "00:00:35", "end": "00:00:38", "text": "and just buying insurance-style hedging"}, {"start": "00:00:37", "end": "00:00:40", "text": "trades to protect against downside"}, {"start": "00:00:38", "end": "00:00:41", "text": "risks."}, {"start": "00:00:40", "end": "00:00:43", "text": "While traditional stock investors are"}, {"start": "00:00:41", "end": "00:00:45", "text": "freaking out over rising oil prices and"}, {"start": "00:00:43", "end": "00:00:48", "text": "interest rates, Bitcoin buyers are"}, {"start": "00:00:45", "end": "00:00:51", "text": "standing firm. For more market updates,"}, {"start": "00:00:48", "end": "00:00:51", "text": "subscribe to the Coin Bureau."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Something very interesting has been brewing over�\nin the Coin Bureau Club. One of our researchers��"}, {"start": "00:00:05", "end": "00:00:12", "text": "has been mapping out Bitcoin's price action, and�\ndespite all the volatility lately, some key levels��"}, {"start": "00:00:12", "end": "00:00:18", "text": "are emerging that are giving us a much clearer�\nidea of where BTC could be headed next. As I��"}, {"start": "00:00:18", "end": "00:00:26", "text": "make this video, Bitcoin is sitting at $83,500,�\njust hours before the September CPI print and��"}, {"start": "00:00:26", "end": "00:00:32", "text": "coming off the back of a rough old week. Over the�\nspace of a few days, Bitcoin went from just under��"}, {"start": "00:00:32", "end": "00:00:39", "text": "87K back to almost 80K. And since then, it's been�\nstuck in between, chopping up and down and wiping��"}, {"start": "00:00:39", "end": "00:00:46", "text": "out longs and shorts alike. But today matters more�\nthan most because this is the last major inflation��"}, {"start": "00:00:46", "end": "00:00:53", "text": "print before the Fed makes its rate decision�\non the 28th of October. And BTC is pinned in a��"}, {"start": "00:00:53", "end": "00:01:00", "text": "range waiting for it. And our team's chart offers�\na useful road map through all this volatility with��"}, {"start": "00:01:00", "end": "00:01:05", "text": "the key levels laid out in the Coin Bureau Club,�\nwhich you can find a link to below by the way,��"}, {"start": "00:01:05", "end": "00:01:11", "text": "along with daily market analysis to help you�\nsurvive this madness. So, let's walk through how��"}, {"start": "00:01:11", "end": "00:01:18", "text": "the week actually played out, why one inflation�\nnumber carries this much weight, and the exact��"}, {"start": "00:01:18", "end": "00:01:24", "text": "levels our research team is watching today.�\nMy name is Guy, and this is the Coin Bureau.��"}, {"start": "00:01:25", "end": "00:01:31", "text": "So, what actually happened to Bitcoin over�\nthe past week? Well, firstly, it's about the��"}, {"start": "00:01:31", "end": "00:01:38", "text": "resistance. Early this month, Bitcoin kept running�\ninto the 87K area. It pushed into that zone on the��"}, {"start": "00:01:38", "end": "00:01:43", "text": "second, came back for another go on the fourth,�\nand tried again on the fifth. Three attempts to��"}, {"start": "00:01:43", "end": "00:01:49", "text": "break through that resistance, followed by three�\nrejections. Every rally ended the same way with��"}, {"start": "00:01:49", "end": "00:01:55", "text": "sellers waiting exactly where they'd been waiting�\nthe time before. So by the end of that stretch,��"}, {"start": "00:01:55", "end": "00:02:01", "text": "the message from this market was clear. The�\nsellers owned that ceiling. Secondly, there's��"}, {"start": "00:02:01", "end": "00:02:08", "text": "the break. On the 7th of October, Bitcoin slipped�\nunder 83K. And this is where market structure��"}, {"start": "00:02:08", "end": "00:02:14", "text": "actually changed. Before that, every dip was just�\na dip inside a range that was holding. But once��"}, {"start": "00:02:14", "end": "00:02:21", "text": "83K went, it then became a level it had to win�\nback. In other words, the support of the old range��"}, {"start": "00:02:21", "end": "00:02:28", "text": "turned into resistance for the new one. Next up is�\nthe floor. The selling carried on through the ETH��"}, {"start": "00:02:28", "end": "00:02:35", "text": "and Bitcoin tagged just above 80K. That's where�\nbuyers stepped in and they stepped in bigly. By��"}, {"start": "00:02:35", "end": "00:02:42", "text": "the next day, Bitcoin was bouncing and through�\nthe weekend it held comfortably above 82K. So,��"}, {"start": "00:02:42", "end": "00:02:48", "text": "if the sellers owned the ceiling, the buyers�\nclearly owned the floor. And then came that nasty��"}, {"start": "00:02:48", "end": "00:02:56", "text": "chop that no one likes to see. On Sunday, Bitcoin�\nclimbed back to just above 84K, but by Monday,��"}, {"start": "00:02:56", "end": "00:03:03", "text": "it had rolled straight over and dropped back�\nunder 82K. That flush ran from Monday evening into��"}, {"start": "00:03:03", "end": "00:03:09", "text": "Tuesday morning, and it took close to $800 million�\nworth of liquidations with it. The overwhelming��"}, {"start": "00:03:09", "end": "00:03:15", "text": "majority of them longs. So, put all four parts�\ntogether and the week tells us that sellers��"}, {"start": "00:03:15", "end": "00:03:21", "text": "owned the ceiling, buyers owned the floor, and�\nleverage got chewed up and spat out in between.��"}, {"start": "00:03:21", "end": "00:03:27", "text": "But if you thought it was an ugly situation for�\nBitcoin, well, it was way worse for altcoins.��"}, {"start": "00:03:27", "end": "00:03:33", "text": "When longs get flushed across the board, alts get�\nhit the hardest because they have less liquidity��"}, {"start": "00:03:33", "end": "00:03:40", "text": "and traders tend to pile on far more leverage to�\nchase them. NA is the glaring example. On Sunday,��"}, {"start": "00:03:40", "end": "00:03:47", "text": "NER printed fresh highs and closed the day up more�\nthan 11% with the weekend crowd rotating hard into��"}, {"start": "00:03:47", "end": "00:03:56", "text": "alts. But by Monday, it had given back nearly 14%�\nand formed a bearish engulfing daily candle. A big��"}, {"start": "00:03:56", "end": "00:04:02", "text": "part of that Sunday move was built on leverage in�\nthe futures market. And when Bitcoin rolled over,��"}, {"start": "00:04:02", "end": "00:04:08", "text": "that leverage unwound in a matter of hours.�\nSunday's breakout, Monday's breakdown. And��"}, {"start": "00:04:08", "end": "00:04:14", "text": "NIA wasn't the only altcoin to feel the pain.�\nMost of the major alts fell roughly twice as��"}, {"start": "00:04:14", "end": "00:04:20", "text": "hard as Bitcoin did on Monday, some a lot worse,�\nand Bitcoin share of the total crypto market cap��"}, {"start": "00:04:20", "end": "00:04:28", "text": "pushed back up towards 60%. So, the money that�\nstayed in the market hid in Bitcoin and the money��"}, {"start": "00:04:28", "end": "00:04:34", "text": "chasing alts got punished. Bitcoin is pinned�\nbetween a ceiling and a floor. And every trader��"}, {"start": "00:04:34", "end": "00:04:40", "text": "who leave it up to frontr run the breakout has�\npaid for it. But now the market is waiting on the��"}, {"start": "00:04:40", "end": "00:04:48", "text": "one thing that will give it a truly clear signal.�\nAnd that thing is of course the CPI. So why does��"}, {"start": "00:04:48", "end": "00:04:55", "text": "one inflation report carry this much weight? Well,�\nit comes down to timing and to the backdrop. The��"}, {"start": "00:04:55", "end": "00:05:01", "text": "September CPI report comes today and it's the last�\nmajor print the Fed gets before its rate decision��"}, {"start": "00:05:01", "end": "00:05:08", "text": "on the 28th of October. So whatever this number�\nshows becomes the Fed's freshest read on inflation��"}, {"start": "00:05:08", "end": "00:05:14", "text": "going into that meeting. And the backdrop is�\nbond yields. The 10-year Treasury yield is at��"}, {"start": "00:05:14", "end": "00:05:23", "text": "around 5.2% right now after touching 5.31% earlier�\nthis month, its highest level in about 20 years.��"}, {"start": "00:05:23", "end": "00:05:29", "text": "That's the number the whole market is looking�\nover its shoulder at. When government bonds pay��"}, {"start": "00:05:29", "end": "00:05:35", "text": "more than 5% with extremely little risk attached,�\nmoney has far less reason to hold something as��"}, {"start": "00:05:35", "end": "00:05:41", "text": "volatile as Bitcoin. Higher yields also push�\nup borrowing costs across the entire economy,��"}, {"start": "00:05:41", "end": "00:05:47", "text": "which tightens financial conditions and leaves�\nless speculative capital sloshing around. So��"}, {"start": "00:05:47", "end": "00:05:55", "text": "higher rates drain liquidity and Bitcoin trades on�\nliquidity. Therefore, the link to today is pretty��"}, {"start": "00:05:55", "end": "00:06:00", "text": "direct. A hotter print will keep the pressure on�\nrates and keep that liquidity tight while a cooler��"}, {"start": "00:06:00", "end": "00:06:07", "text": "print will take some of that pressure off. So of�\nevery data point to consider, this is the one the��"}, {"start": "00:06:07", "end": "00:06:13", "text": "entire range has been waiting for. But I hear you�\nask, which are the lines to focus on when that��"}, {"start": "00:06:13", "end": "00:06:20", "text": "number drops? Well, there are four on Bitcoin�\nplus one on the total crypto market. The first��"}, {"start": "00:06:20", "end": "00:06:26", "text": "is the ceiling between 86 and 87K. Bitcoin was�\nrejected there three separate times this month,��"}, {"start": "00:06:26", "end": "00:06:32", "text": "which makes it the key level everything�\nelse gets measured against. Above 87K or so,��"}, {"start": "00:06:32", "end": "00:06:39", "text": "the ceiling that capped every rally in October is�\ngone. Below it, any bounce is still just a bounce��"}, {"start": "00:06:39", "end": "00:06:47", "text": "inside the range. The second level is another�\nkey reclaim within the range at around $84,100.��"}, {"start": "00:06:47", "end": "00:06:56", "text": "That's where BTC stalled on Sunday and again�\non Monday, right before the flush. Above 84.1K,��"}, {"start": "00:06:56", "end": "00:07:02", "text": "the bounce has room to run back towards that�\nresistance. Below it, every push higher is a��"}, {"start": "00:07:02", "end": "00:07:10", "text": "rally straight into sell pressure. Now, the third�\nlevel is the retest zone between 82.5 and 83K. and��"}, {"start": "00:07:10", "end": "00:07:15", "text": "Bitcoin is just above it as I make this video.�\nHold above that and last week's break looks like��"}, {"start": "00:07:15", "end": "00:07:21", "text": "nothing more than a shakeout. Lose it though and�\nBitcoin is back in the bottom half of the range��"}, {"start": "00:07:21", "end": "00:07:28", "text": "with the floor in sight. And speaking of which,�\nthe fourth level is the floor between 80 and 81K.��"}, {"start": "00:07:28", "end": "00:07:35", "text": "Buyers defended it on the ETH and even Monday's�\nflush which bottomed around 81.6K stopped short��"}, {"start": "00:07:35", "end": "00:07:42", "text": "of it. Hold it and the range stays intact. lose it�\nand the structure of the entire week is gone. And��"}, {"start": "00:07:42", "end": "00:07:49", "text": "then there's the total crypto market cap. On our�\nresearcher team's chart, the $2.7 trillion level��"}, {"start": "00:07:49", "end": "00:07:56", "text": "is being tested with 2.6 trillion sitting below�\nit. If 2.7 trillion breaks, alts take the worst��"}, {"start": "00:07:56", "end": "00:08:04", "text": "of it again. But for now, the level holds. So,�\nfour lines on Bitcoin, one on the wider market,��"}, {"start": "00:08:04", "end": "00:08:11", "text": "and one print to decide which of them gets tested�\nfirst. That's our road map. And it came straight��"}, {"start": "00:08:11", "end": "00:08:16", "text": "out of the Coin Bureau Club where our researchers�\nupdate it daily. Now, the club gives you full��"}, {"start": "00:08:16", "end": "00:08:21", "text": "access to our dedicated research team via our�\nprivate Discord. All of their research across��"}, {"start": "00:08:21", "end": "00:08:26", "text": "major markets, plus daily updates, so you don't�\nmiss the catalysts that can move your portfolio.��"}, {"start": "00:08:26", "end": "00:08:31", "text": "So, if you want the people tracking this stuff�\ndaily in your corner, you'll find the link in��"}, {"start": "00:08:31", "end": "00:08:38", "text": "the description or you can scan the QR code on�\nscreen now. So, a week ago, Bitcoin was bumping��"}, {"start": "00:08:38", "end": "00:08:44", "text": "its head on 87K and the bulls were lining up�\nfor a breakout. Today, it's sitting right in��"}, {"start": "00:08:44", "end": "00:08:50", "text": "the middle of a range that it's been carved into�\nby three rejections, one hard break, and close to��"}, {"start": "00:08:50", "end": "00:08:57", "text": "$800 million worth of wiped out leverage. Now, it�\nsounds messy, but it's actually the clearest setup��"}, {"start": "00:08:57", "end": "00:09:05", "text": "Bitcoin has had all month. The range is tight, the�\nlevels are clear, and the CPI is the catalyst that��"}, {"start": "00:09:05", "end": "00:09:11", "text": "likely resolves it. But what do you think? Does�\nBitcoin break above 87K for another glorious leg��"}, {"start": "00:09:11", "end": "00:09:17", "text": "up in this bull trend? Or will 80K give way to�\nbreak market structure on the higher time frames?��"}, {"start": "00:09:17", "end": "00:09:22", "text": "Let us know your thoughts in the comments down�\nbelow. And if you want to go deeper on how surging��"}, {"start": "00:09:22", "end": "00:09:27", "text": "bond yields are spilling into crypto, you can�\ncheck out our video on that right over here. Okay,��"}, {"start": "00:09:27", "end": "00:09:33", "text": "as always, thank you so much for watching and I'll�\nsee you again very soon. This is Guy signing off."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "You've probably heard the word"}, {"start": "00:00:01", "end": "00:00:06", "text": "blockchain a million times before."}, {"start": "00:00:04", "end": "00:00:08", "text": "But, can you explain exactly what a"}, {"start": "00:00:06", "end": "00:00:09", "text": "blockchain is?"}, {"start": "00:00:08", "end": "00:00:10", "text": "Well, that's what we're looking at"}, {"start": "00:00:09", "end": "00:00:12", "text": "today."}, {"start": "00:00:10", "end": "00:00:14", "text": "But, let's start with something you're"}, {"start": "00:00:12", "end": "00:00:17", "text": "definitely familiar with. Something that"}, {"start": "00:00:14", "end": "00:00:21", "text": "isn't blockchain tech. Let's start with"}, {"start": "00:00:17", "end": "00:00:23", "text": "a bank transfer. You send a friend a $20"}, {"start": "00:00:21", "end": "00:00:24", "text": "and it hits [music] their account a few"}, {"start": "00:00:23", "end": "00:00:27", "text": "seconds later."}, {"start": "00:00:24", "end": "00:00:30", "text": "But, who made that happen? Who actually"}, {"start": "00:00:27", "end": "00:00:32", "text": "wrote that down? Well, your bank did."}, {"start": "00:00:30", "end": "00:00:35", "text": "It noted that payment in its own private"}, {"start": "00:00:32", "end": "00:00:38", "text": "record, on its own computers, where only"}, {"start": "00:00:35", "end": "00:00:41", "text": "the bank sees the full picture, and only"}, {"start": "00:00:38", "end": "00:00:43", "text": "the bank can change it. Now, let's flip"}, {"start": "00:00:41", "end": "00:00:46", "text": "all of that around. Imagine a record"}, {"start": "00:00:43", "end": "00:00:48", "text": "that everyone holds a copy of, that no"}, {"start": "00:00:46", "end": "00:00:51", "text": "single person controls, and that nobody"}, {"start": "00:00:48", "end": "00:00:53", "text": "can change once it's written. That's a"}, {"start": "00:00:51", "end": "00:00:55", "text": "blockchain."}, {"start": "00:00:53", "end": "00:00:58", "text": "And it's the central idea in pretty much"}, {"start": "00:00:55", "end": "00:01:00", "text": "everything in crypto. So, once it clicks"}, {"start": "00:00:58", "end": "00:01:02", "text": "for you, a lot of other things click"}, {"start": "00:01:00", "end": "00:01:03", "text": "with it. And in this video, we're going"}, {"start": "00:01:02", "end": "00:01:05", "text": "to break it all down from the very"}, {"start": "00:01:03", "end": "00:01:08", "text": "beginning. We'll look at what a"}, {"start": "00:01:05", "end": "00:01:10", "text": "blockchain is, what problem it solves,"}, {"start": "00:01:08", "end": "00:01:12", "text": "how it works piece by piece, and also"}, {"start": "00:01:10", "end": "00:01:16", "text": "where it came from, and what people"}, {"start": "00:01:12", "end": "00:01:16", "text": "actually use it for today."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "What is happening with Bitcoin right"}, {"start": "00:00:02", "end": "00:00:07", "text": "now? We're seeing swings and"}, {"start": "00:00:04", "end": "00:00:10", "text": "roundabouts. Down $2,000, up $3,000. It"}, {"start": "00:00:07", "end": "00:00:12", "text": "is wild right now. But the play that"}, {"start": "00:00:10", "end": "00:00:14", "text": "just happened was called out yesterday"}, {"start": "00:00:12", "end": "00:00:16", "text": "on my live call on Trading Bureau Live."}, {"start": "00:00:14", "end": "00:00:17", "text": "Let me show you what it is. So, this is"}, {"start": "00:00:16", "end": "00:00:19", "text": "the interesting part on Bitcoin right"}, {"start": "00:00:17", "end": "00:00:22", "text": "now. We had this massive drop from"}, {"start": "00:00:19", "end": "00:00:23", "text": "$86,000 all the way down to $80,500. And"}, {"start": "00:00:22", "end": "00:00:25", "text": "the part I said to watch out for"}, {"start": "00:00:23", "end": "00:00:27", "text": "yesterday was the reaction. This is"}, {"start": "00:00:25", "end": "00:00:28", "text": "called a reactionary bounce where all"}, {"start": "00:00:27", "end": "00:00:31", "text": "the buy orders were sitting and Bitcoin"}, {"start": "00:00:28", "end": "00:00:33", "text": "pumped straight back up towards $83,000."}, {"start": "00:00:31", "end": "00:00:35", "text": "The interesting piece here rejected"}, {"start": "00:00:33", "end": "00:00:38", "text": "instantly off the 618 Fibonacci level"}, {"start": "00:00:35", "end": "00:00:40", "text": "which sat at roughly $84,000."}, {"start": "00:00:38", "end": "00:00:42", "text": "That was called for. This entire move"}, {"start": "00:00:40", "end": "00:00:44", "text": "was valid. This is what I call a"}, {"start": "00:00:42", "end": "00:00:46", "text": "horseshoe formation. You get the large"}, {"start": "00:00:44", "end": "00:00:48", "text": "drop, then you get the rounded top all"}, {"start": "00:00:46", "end": "00:00:50", "text": "the way back to retest the support. The"}, {"start": "00:00:48", "end": "00:00:52", "text": "part that was interesting and caught me"}, {"start": "00:00:50", "end": "00:00:55", "text": "off guard was the fact that last night"}, {"start": "00:00:52", "end": "00:00:57", "text": "early morning for the Asian market, we"}, {"start": "00:00:55", "end": "00:00:59", "text": "had a little dip about $1,000. Call that"}, {"start": "00:00:57", "end": "00:01:02", "text": "little these days. Then we actually just"}, {"start": "00:00:59", "end": "00:01:05", "text": "pumped straight back up to $84,000."}, {"start": "00:01:02", "end": "00:01:07", "text": "This part here is insane right now. We"}, {"start": "00:01:05", "end": "00:01:09", "text": "have so much coming over the next few"}, {"start": "00:01:07", "end": "00:01:10", "text": "days. I'm honestly out of the market at"}, {"start": "00:01:09", "end": "00:01:13", "text": "the moment. I'm letting this volatility"}, {"start": "00:01:10", "end": "00:01:14", "text": "do its thing because we have CPI and PPI"}, {"start": "00:01:13", "end": "00:01:16", "text": "data coming out over the next few days."}, {"start": "00:01:14", "end": "00:01:17", "text": "So, if you're trading the markets at the"}, {"start": "00:01:16", "end": "00:01:19", "text": "moment, be extra cautious. And for me,"}, {"start": "00:01:17", "end": "00:01:21", "text": "sometimes it's just easy to just let it"}, {"start": "00:01:19", "end": "00:01:22", "text": "do its thing. Let the CPI, let the PPI"}, {"start": "00:01:21", "end": "00:01:24", "text": "data come out, let all the volatility do"}, {"start": "00:01:22", "end": "00:01:26", "text": "its things. Come back and trade the"}, {"start": "00:01:24", "end": "00:01:28", "text": "markets. But right now, that's what I'm"}, {"start": "00:01:26", "end": "00:01:29", "text": "watching on Bitcoin. Let's see what"}, {"start": "00:01:28", "end": "00:01:31", "text": "happens over the next few days. And I'll"}, {"start": "00:01:29", "end": "00:01:33", "text": "see you tomorrow on Trading Bureau Live."}, {"start": "00:01:31", "end": "00:01:33", "text": "Bye for now."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "The companies building AI are now some of the�\nbiggest borrowers on the planet. In the space��"}, {"start": "00:00:05", "end": "00:00:12", "text": "of 12 months, Alphabet's total debt went from 41�\nbillion to $112 billion. And Metas went from 49��"}, {"start": "00:00:12", "end": "00:00:18", "text": "billion to $112 billion. Amazon and Oracle went�\neven further. They're spending more on chips,��"}, {"start": "00:00:18", "end": "00:00:24", "text": "power, and data centers than their own operations�\nbring in. And for a while, the AI buildout��"}, {"start": "00:00:24", "end": "00:00:29", "text": "was paid for by some of the deepest pockets in�\ncorporate history. very healthy and astronomically��"}, {"start": "00:00:29", "end": "00:00:35", "text": "large cash piles. But now it's being paid for�\nwith borrowed money. And SpaceX just joined the��"}, {"start": "00:00:35", "end": "00:00:41", "text": "rush as well, lining up a $40 billion package�\nto buy Nvidia chips with $30 billion set to��"}, {"start": "00:00:41", "end": "00:00:45", "text": "come from the bond market. And what's more,�\nall of these corporate bonds are entering a��"}, {"start": "00:00:45", "end": "00:00:51", "text": "market that's already being asked to absorb more�\nthan $40 trillion of US government debt. Now,��"}, {"start": "00:00:51", "end": "00:00:56", "text": "in case you haven't noticed, that market is�\nturning very ugly. Treasury yields are hitting��"}, {"start": "00:00:56", "end": "00:01:00", "text": "levels not seen in decades. So, borrowing costs�\nare ripping higher and higher, and investors are��"}, {"start": "00:01:00", "end": "00:01:06", "text": "demanding a painful price to keep swallowing all�\nthis debt. And now, the AI boom is dumping another��"}, {"start": "00:01:06", "end": "00:01:12", "text": "mountain of borrowing on top of it all. So, how�\ndid this mess come about? Well, to find out,��"}, {"start": "00:01:12", "end": "00:01:17", "text": "we'll have to look at how AI got onto the non-stop�\nborrowing treadmill to begin with, why the bond��"}, {"start": "00:01:17", "end": "00:01:24", "text": "market struggles to take it all, and how the whole�\nchain is wired together. My name is DC and this is��"}, {"start": "00:01:24", "end": "00:01:30", "text": "the Coin Bureau. So, how did the richest companies�\nin tech end up borrowing like this? Because for��"}, {"start": "00:01:30", "end": "00:01:35", "text": "the longest time, they simply didn't have to.�\nThe big AI players funded their data centers��"}, {"start": "00:01:35", "end": "00:01:41", "text": "out of profits, and those profits were enormous.�\nBut then the game changed when it became clear a��"}, {"start": "00:01:41", "end": "00:01:47", "text": "monumental physical buildout was underway. Chips,�\npower, and land all became way more expensive��"}, {"start": "00:01:47", "end": "00:01:52", "text": "and more contested, and nobody wanted to be the�\ncompany that was late to the party. So over the��"}, {"start": "00:01:52", "end": "00:01:59", "text": "last four quarters, Amazon spent $173 billion�\non capital expenditure against $161 billion��"}, {"start": "00:01:59", "end": "00:02:05", "text": "of operating cash flow. Oracle spent 75 billion�\nagainst $46 billion of operating cash flow. And��"}, {"start": "00:02:05", "end": "00:02:12", "text": "Alphabet posted its first negative free cash flow�\nquarter ever in Q2 2026. Then went straight to��"}, {"start": "00:02:12", "end": "00:02:19", "text": "the bond market with a $25 billion deal with�\nmaturities stretching from two to 40 years.��"}, {"start": "00:02:19", "end": "00:02:24", "text": "40 years for a technology that didn't exist in its�\ncurrent form just 5 years ago. So to summarize,��"}, {"start": "00:02:24", "end": "00:02:30", "text": "the buildout outgrew the cash. But plain bonds�\nwere only the start because the biggest projects��"}, {"start": "00:02:30", "end": "00:02:35", "text": "needed something way more creative. So just�\na year ago, Meta closed the financing for its��"}, {"start": "00:02:35", "end": "00:02:42", "text": "Hyperion campus in Richland Parish, Louisiana. It�\ndid this through a special purpose vehicle or SPV,��"}, {"start": "00:02:42", "end": "00:02:48", "text": "which is a separate company set up purely to�\nown the asset and carry the debt. Funds managed��"}, {"start": "00:02:48", "end": "00:02:55", "text": "by Blue Owl own 80% of it. Meta owns the other�\n20% and the vehicle issued a 27.3 billion bond��"}, {"start": "00:02:55", "end": "00:03:02", "text": "paying $6.58% that doesn't mature until 2049.�\nPimco bought around $18 billion of it. So in��"}, {"start": "00:03:02", "end": "00:03:07", "text": "simple terms, Meta now leases the campus on terms�\nwhere it pays no matter what happens, but the debt��"}, {"start": "00:03:07", "end": "00:03:13", "text": "stays off Meta's own balance sheet because of�\nthat SPV structure. Nothing strange about that,��"}, {"start": "00:03:13", "end": "00:03:19", "text": "like at all. And then the chips themselves became�\ncollateral. Back in March, Coreweave closed an��"}, {"start": "00:03:19", "end": "00:03:25", "text": "$ 8.5 billion loan backed by Nvidia GPUs and a�\ncontract with Meta. And Moody's gave it the first��"}, {"start": "00:03:25", "end": "00:03:31", "text": "investment grade rating ever handed to GPUbacked�\ndebt. And this is where the AI trade became even��"}, {"start": "00:03:31", "end": "00:03:36", "text": "more intertwined with credit markets. Now the�\nmarket was essentially weighing up who would lend��"}, {"start": "00:03:36", "end": "00:03:42", "text": "against the models, not just what the models were�\ncapable of from a software perspective. So, who's��"}, {"start": "00:03:42", "end": "00:03:48", "text": "actually buying all of this debt? Well, the same�\nentities who buy everything else. Pension funds,��"}, {"start": "00:03:48", "end": "00:03:54", "text": "insurers, and giant asset managers like PIMCO�\nand BlackRock. That pool of money is huge. But��"}, {"start": "00:03:54", "end": "00:03:59", "text": "any given moment, it's finite. Think of it as an�\nauction room with roughly the same biders in it��"}, {"start": "00:03:59", "end": "00:04:05", "text": "every single week. When more lots arrive, the bids�\ndon't just randomly get richer. Each lot just goes��"}, {"start": "00:04:05", "end": "00:04:11", "text": "for a little less. And in the bond market, a lower�\nprice means a higher yield. the interest rate the��"}, {"start": "00:04:11", "end": "00:04:16", "text": "borrower ends up paying. Now, the biggest seller�\nin that room was already the US government. The��"}, {"start": "00:04:16", "end": "00:04:22", "text": "national debt is at $40 trillion. The deficit runs�\nat 6% of GDP, and interest payments came to over��"}, {"start": "00:04:22", "end": "00:04:29", "text": "$1 trillion in the first 11 months of fiscal 2026.�\nBut of course, it's not just Washington. Japanese,��"}, {"start": "00:04:29", "end": "00:04:34", "text": "French, British, and German government bond yields�\nare also at multi-year high. So, in other words,��"}, {"start": "00:04:34", "end": "00:04:40", "text": "the room was crowded before AI walked in. Then the�\nhyperscalers turned up with a boatload of debt.��"}, {"start": "00:04:40", "end": "00:04:46", "text": "Amazon, Microsoft, Alphabet, Meta, and Oracle�\nissued around $200 billion of investment grade��"}, {"start": "00:04:46", "end": "00:04:53", "text": "debt in the first half of 2026, nearly double�\ntheir total for all of 2025. And now SpaceX is��"}, {"start": "00:04:53", "end": "00:04:58", "text": "lining up another 30 billion of investment grade�\ndebt as part of that $40 billion package to buy��"}, {"start": "00:04:58", "end": "00:05:04", "text": "Nvidia chips. Every single dollar PIMCO put into�\nthe Hyperion bond was a dollar that didn't go into��"}, {"start": "00:05:04", "end": "00:05:09", "text": "a treasury, a mortgage bond, or another company's�\ndebt. Now, of course, the market wasn't built��"}, {"start": "00:05:09", "end": "00:05:14", "text": "to take this much new supply this fast. And as�\nI'm sure you've seen in the headlines recently,��"}, {"start": "00:05:14", "end": "00:05:20", "text": "it's starting to show, but with so many moving�\nparts to this madness that is the AI buildout,��"}, {"start": "00:05:20", "end": "00:05:25", "text": "you can easily get lost in your analysis and�\nmiss the detail that's truly important. So,��"}, {"start": "00:05:25", "end": "00:05:29", "text": "why not let our research team do it for you?�\nBecause right here on YouTube, you can join��"}, {"start": "00:05:29", "end": "00:05:34", "text": "the Coin Bureau Club live plan. This is where you�\nget daily coverage across all major markets, trady��"}, {"start": "00:05:34", "end": "00:05:39", "text": "and crypto. Our teams read on where capital is�\nflowing and none of the noise. And the best part,��"}, {"start": "00:05:39", "end": "00:05:45", "text": "if you join today, your first month is absolutely�\nfree. Just tap the join button below this video��"}, {"start": "00:05:45", "end": "00:05:51", "text": "to get started. Okay, back to the bond market.�\nSo, where exactly is the strange showing? Well,��"}, {"start": "00:05:51", "end": "00:05:56", "text": "the first place is government debt. Exactly�\n1 year ago, from the time of this video,��"}, {"start": "00:05:56", "end": "00:06:01", "text": "the US 10-year Treasury yield was at�\n4.18%. Right now, as I shoot this,��"}, {"start": "00:06:01", "end": "00:06:10", "text": "it's at 5.31% and the 30-year has climbed from�\n4.76% to 5.66%. And sure, deficits, inflation,��"}, {"start": "00:06:10", "end": "00:06:16", "text": "and oil price above $100 a barrel all feed into�\nthat. But corporate borrowers chasing the same��"}, {"start": "00:06:16", "end": "00:06:21", "text": "buyers are part of the pile, too, and AI is now�\nthe largest of them. The second place you can see��"}, {"start": "00:06:21", "end": "00:06:26", "text": "stress in the system is the AI bonds themselves.�\nBack in February, hyperscaler bond deals were��"}, {"start": "00:06:26", "end": "00:06:31", "text": "drawing orders worth nearly five times what was an�\noffer. By July, that had fallen below two times.��"}, {"start": "00:06:31", "end": "00:06:37", "text": "So when Amazon came back for another $25 billion�\nin the summer, it had to sweeten the price just��"}, {"start": "00:06:37", "end": "00:06:44", "text": "to get the deal done. And as of late July, 78�\nof the 91 hyperscala bonds issued in 2026 were��"}, {"start": "00:06:44", "end": "00:06:49", "text": "trading at higher yields than when they were sold.�\nSo in other words, most of the people who bought��"}, {"start": "00:06:49", "end": "00:06:55", "text": "them are already underwater. Not quite the safe�\nhaven they signed up for. The third place you��"}, {"start": "00:06:55", "end": "00:07:02", "text": "can clearly see strain is Oracle itself. Its debt�\nhas climbed from $ 105 billion to 155 billion in��"}, {"start": "00:07:02", "end": "00:07:08", "text": "a single year. So the cost of ensuring that debt�\nagainst default measured through credit default��"}, {"start": "00:07:08", "end": "00:07:14", "text": "swaps has gone from below 50 basis points to a�\nrecord of more than 225 in late September. Oracle��"}, {"start": "00:07:14", "end": "00:07:19", "text": "still carries an investment grade rating, but�\nthe market is pricing it more like Chuck. So, the��"}, {"start": "00:07:19", "end": "00:07:24", "text": "pressure isn't spread evenly. It's concentrated�\nwhere the borrowing is heaviest. But Oracle isn't��"}, {"start": "00:07:24", "end": "00:07:30", "text": "a standalone story. It's in the middle of a chain�\nand every link in that chain heavily depends on��"}, {"start": "00:07:30", "end": "00:07:36", "text": "the next one. Around 20 banks lent $18 billion�\nfor Project Jupiter, Oracle Stargate Campus in��"}, {"start": "00:07:36", "end": "00:07:42", "text": "New Mexico. Oracle is the builder and it signs�\nup the customer which is OpenAI with a contract��"}, {"start": "00:07:42", "end": "00:07:48", "text": "worth about $300 billion over 5 years. Open�\nAAI then raises money from venture capital,��"}, {"start": "00:07:48", "end": "00:07:55", "text": "SoftBank sovereign wealth funds and Nvidia to pay�\nOracle and Soft Bank itself sold 11.1 billion of��"}, {"start": "00:07:55", "end": "00:08:02", "text": "junk bonds with yields of up to 9.75%. So even�\nthe investors are now borrowing and then there's��"}, {"start": "00:08:02", "end": "00:08:08", "text": "the loop running behind it all. Nvidia invests in�\nOpenAI and in GPU cloud companies. Those companies��"}, {"start": "00:08:08", "end": "00:08:14", "text": "buy Nvidia's chips and those same chips become�\ncollateral for new loans, which means a delay at��"}, {"start": "00:08:14", "end": "00:08:19", "text": "any link has implications for the next one. And�\nback in September, this is exactly what happens.��"}, {"start": "00:08:19", "end": "00:08:24", "text": "The banks trying to sell down the project Jupiter�\nloans couldn't find enough buyers and the loans��"}, {"start": "00:08:24", "end": "00:08:30", "text": "traded at around 89 cents on the dollar. That�\nmonth, Oracle sent a false majour notice to Blue��"}, {"start": "00:08:30", "end": "00:08:35", "text": "Out. That's basically the official way of saying�\nevents outside your control may stop you paying on��"}, {"start": "00:08:35", "end": "00:08:41", "text": "time. Meanwhile, Core Weeav's debt runs for about�\n5 years against customer contracts that last about��"}, {"start": "00:08:41", "end": "00:08:47", "text": "three. And when it raised another $2.6 billion in�\nAugust, lenders charged at roughly 9% interest,��"}, {"start": "00:08:47", "end": "00:08:52", "text": "a huge jump from that much cheaper investment�\ngrade borrowing it had access to just a few months��"}, {"start": "00:08:52", "end": "00:08:58", "text": "earlier. That's a highly delicate structure�\nwith everyone relying on everyone else. Now,��"}, {"start": "00:08:58", "end": "00:09:02", "text": "as it happens, we've covered Stargate and Oracle�\nin much more detail. So, check out that video��"}, {"start": "00:09:02", "end": "00:09:07", "text": "if you want the full story. But to continue�\nour deep dive here, it's time to ask a very��"}, {"start": "00:09:07", "end": "00:09:12", "text": "important question. Why does all of this matter�\nbeyond a handful of tech companies? Well, because��"}, {"start": "00:09:12", "end": "00:09:19", "text": "bonds set the price of money for everything else.�\nThe 10-year Treasury yield is the benchmark, and��"}, {"start": "00:09:19", "end": "00:09:25", "text": "mortgages, car loans, and corporate loans are all�\npriced as a spread on top of it. When it rises,��"}, {"start": "00:09:25", "end": "00:09:30", "text": "borrowing gets more expensive everywhere else.�\nIt also changes how markets value the future. So,��"}, {"start": "00:09:30", "end": "00:09:36", "text": "a higher yield means future profits are worth�\nless today. And that hits high valuation tech��"}, {"start": "00:09:36", "end": "00:09:41", "text": "stocks the hardest, including the AI companies�\ndoing all of the borrowing. So, in other words,��"}, {"start": "00:09:41", "end": "00:09:47", "text": "the debt raised to build AI is competing for the�\nsame buyers that set the rates used to value AI.��"}, {"start": "00:09:47", "end": "00:09:52", "text": "And other asset classes, including crypto, feel�\nit as well. Real yields going up raises the cost��"}, {"start": "00:09:52", "end": "00:09:57", "text": "of holding an asset that pays nothing. And�\nwhen yields have spiked sharply this year,��"}, {"start": "00:09:57", "end": "00:10:02", "text": "we've had repeated instances of leverage crypto�\npositions being wiped out in the moves that��"}, {"start": "00:10:02", "end": "00:10:07", "text": "followed. Meaning every market is downstream of�\nthis one. The AI trade initially got everyone��"}, {"start": "00:10:07", "end": "00:10:12", "text": "excited about a software revolution. Fast,�\nscalable, and paid for out of pocket, but it's now��"}, {"start": "00:10:12", "end": "00:10:19", "text": "financed like heavy infrastructure with maturities�\nout to the year 2049. leases that pay no matter��"}, {"start": "00:10:19", "end": "00:10:25", "text": "what and even chips pledged as collateral. And the�\nprofits so far haven't caught up, not even close.��"}, {"start": "00:10:25", "end": "00:10:31", "text": "But all the time, the debt piles grow larger and�\nlarger and larger. So the AI trade simply outgrew��"}, {"start": "00:10:31", "end": "00:10:36", "text": "the cash piles that funded it and turned to the�\nbond market instead, dragging the boom straight��"}, {"start": "00:10:36", "end": "00:10:42", "text": "into one of the most stressed corners of global�\nfinance. What could possibly go wrong? Please let��"}, {"start": "00:10:42", "end": "00:10:47", "text": "me know in the comments down below. And if you�\nwant to go deeper on Oracle, Stargate, and the��"}, {"start": "00:10:47", "end": "00:10:53", "text": "deals holding Project Jupiter together, then check�\nout our video on that right over here. As always,��"}, {"start": "00:10:53", "end": "00:10:59", "text": "thank you so much for watching, and I'll see�\nyou again very soon. This is DC signing off."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "You and I spoke before about how many"}, {"start": "00:00:04", "end": "00:00:11", "text": "people are in this market. I think this"}, {"start": "00:00:08", "end": "00:00:14", "text": "is going to be a very very difficult"}, {"start": "00:00:11", "end": "00:00:17", "text": "bull cycle for a lot of people"}, {"start": "00:00:14", "end": "00:00:20", "text": "when they actually realize"}, {"start": "00:00:17", "end": "00:00:22", "text": "just how many people are in the market"}, {"start": "00:00:20", "end": "00:00:25", "text": "and how much crypto has been purchased"}, {"start": "00:00:22", "end": "00:00:27", "text": "over the last 2 years. There's always"}, {"start": "00:00:25", "end": "00:00:29", "text": "this like repeating pattern of people"}, {"start": "00:00:27", "end": "00:00:32", "text": "being in the crypto market when it does"}, {"start": "00:00:29", "end": "00:00:36", "text": "well. And when the crypto market, and I"}, {"start": "00:00:32", "end": "00:00:38", "text": "air quote, doesn't do well, a lot of"}, {"start": "00:00:36", "end": "00:00:39", "text": "people panic and they leave. They were"}, {"start": "00:00:38", "end": "00:00:41", "text": "never meant for the market. They weren't"}, {"start": "00:00:39", "end": "00:00:43", "text": "going to stay in the market. They kind"}, {"start": "00:00:41", "end": "00:00:45", "text": "of like living life the way that they"}, {"start": "00:00:43", "end": "00:00:47", "text": "do. Uh wanting to acquire money, but"}, {"start": "00:00:45", "end": "00:00:50", "text": "never actually going through what they"}, {"start": "00:00:47", "end": "00:00:52", "text": "have to to become richer."}, {"start": "00:00:50", "end": "00:00:55", "text": "As I said before, I think this is going"}, {"start": "00:00:52", "end": "00:00:57", "text": "to be different simply because uh we're"}, {"start": "00:00:55", "end": "00:00:59", "text": "no longer talking about like low"}, {"start": "00:00:57", "end": "00:01:03", "text": "numbers. We're not talking about uh"}, {"start": "00:00:59", "end": "00:01:05", "text": "crypto prices like doing like a 2x."}, {"start": "00:01:03", "end": "00:01:06", "text": "There are indications and there are"}, {"start": "00:01:05", "end": "00:01:10", "text": "analysts and there are people who are"}, {"start": "00:01:06", "end": "00:01:12", "text": "telling us they're expecting a $32 XRP."}, {"start": "00:01:10", "end": "00:01:15", "text": "They're expecting a million Bitcoin."}, {"start": "00:01:12", "end": "00:01:18", "text": "They're expecting a $60,000 Ethereum."}, {"start": "00:01:15", "end": "00:01:21", "text": "The way you benefit from that the most"}, {"start": "00:01:18", "end": "00:01:24", "text": "would be to be in the market to actually"}, {"start": "00:01:21", "end": "00:01:27", "text": "accumulate over the course of multiple"}, {"start": "00:01:24", "end": "00:01:30", "text": "years and to basically sit and wait. Uh"}, {"start": "00:01:27", "end": "00:01:33", "text": "so that's why I think this is going to"}, {"start": "00:01:30", "end": "00:01:35", "text": "be a very this is personal. I think this"}, {"start": "00:01:33", "end": "00:01:37", "text": "is going to be a very difficult market"}, {"start": "00:01:35", "end": "00:01:39", "text": "cycle for a lot of people when they once"}, {"start": "00:01:37", "end": "00:01:41", "text": "again realized how much money they"}, {"start": "00:01:39", "end": "00:01:43", "text": "missed out on and then them coming to"}, {"start": "00:01:41", "end": "00:01:46", "text": "the conclusions"}, {"start": "00:01:43", "end": "00:01:49", "text": "that like they cannot afford crypto"}, {"start": "00:01:46", "end": "00:01:53", "text": "anymore in the year 2030. That's a"}, {"start": "00:01:49", "end": "00:01:57", "text": "personal thought. Uh hello everybody."}, {"start": "00:01:53", "end": "00:02:00", "text": "Welcome back for another video. Hope"}, {"start": "00:01:57", "end": "00:02:02", "text": "you're all doing well. Hope you're all"}, {"start": "00:02:00", "end": "00:02:05", "text": "doing fantastic and that you're all"}, {"start": "00:02:02", "end": "00:02:08", "text": "having a great day. Don't forget to"}, {"start": "00:02:05", "end": "00:02:10", "text": "leave a like on the video. Don't forget"}, {"start": "00:02:08", "end": "00:02:13", "text": "to subscribe. Don't forget to hit the"}, {"start": "00:02:10", "end": "00:02:15", "text": "notification bell as well. For those of"}, {"start": "00:02:13", "end": "00:02:19", "text": "you looking to get into real estate or"}, {"start": "00:02:15", "end": "00:02:22", "text": "get into uh crypto more in general, I"}, {"start": "00:02:19", "end": "00:02:26", "text": "published a few books. There are links"}, {"start": "00:02:22", "end": "00:02:28", "text": "to them in the description below this"}, {"start": "00:02:26", "end": "00:02:31", "text": "video. Oh, very big thank you to Livio"}, {"start": "00:02:28", "end": "00:02:34", "text": "C, FT Clown, Lyall Austin, Alexander the"}, {"start": "00:02:31", "end": "00:02:37", "text": "Greek, Gypsy Queen, Trent Jackson,"}, {"start": "00:02:34", "end": "00:02:39", "text": "Gilboa Snake, and Finley Bass. Very big"}, {"start": "00:02:37", "end": "00:02:41", "text": "thank you. Why do I always throw my"}, {"start": "00:02:39", "end": "00:02:43", "text": "phone? Why do I do that? I don't place"}, {"start": "00:02:41", "end": "00:02:47", "text": "it next to myself. I literally turn"}, {"start": "00:02:43", "end": "00:02:51", "text": "sideways and like fling it."}, {"start": "00:02:47", "end": "00:02:54", "text": "Very big thank you to all of my Patreon"}, {"start": "00:02:51", "end": "00:02:56", "text": "supporters. Yeah. How's everyone doing?"}, {"start": "00:02:54", "end": "00:03:00", "text": "What have you been buying? What have you"}, {"start": "00:02:56", "end": "00:03:03", "text": "been investing in recently? That is a"}, {"start": "00:03:00", "end": "00:03:04", "text": "that is a very important question. I was"}, {"start": "00:03:03", "end": "00:03:06", "text": "just hanging out with a friend. This was"}, {"start": "00:03:04", "end": "00:03:08", "text": "last night. [snorts] I I know she"}, {"start": "00:03:06", "end": "00:03:11", "text": "doesn't watch, but hello. Uh we were"}, {"start": "00:03:08", "end": "00:03:13", "text": "sitting down. We were discussing life."}, {"start": "00:03:11", "end": "00:03:15", "text": "She just started reading a book about"}, {"start": "00:03:13", "end": "00:03:17", "text": "investing. And I was like, \"Okay, good.\""}, {"start": "00:03:15", "end": "00:03:20", "text": "And we were talking about investing and"}, {"start": "00:03:17", "end": "00:03:22", "text": "I was explaining to her I can help her,"}, {"start": "00:03:20", "end": "00:03:24", "text": "you know, to the best of my abilities."}, {"start": "00:03:22", "end": "00:03:25", "text": "and she was mentioning she also wanted"}, {"start": "00:03:24", "end": "00:03:28", "text": "to get into art and I was like I can"}, {"start": "00:03:25", "end": "00:03:30", "text": "also help you with the art market and"}, {"start": "00:03:28", "end": "00:03:31", "text": "all these other kinds of things and then"}, {"start": "00:03:30", "end": "00:03:32", "text": "uh we had a moment where she was like"}, {"start": "00:03:31", "end": "00:03:36", "text": "yeah you know like I feel like I'm kind"}, {"start": "00:03:32", "end": "00:03:38", "text": "of behind she's like 33"}, {"start": "00:03:36", "end": "00:03:41", "text": "something like that and I had to explain"}, {"start": "00:03:38", "end": "00:03:44", "text": "to her like you are farther ahead than"}, {"start": "00:03:41", "end": "00:03:47", "text": "billions of people on the planet who are"}, {"start": "00:03:44", "end": "00:03:49", "text": "not paying attention who don't want to a"}, {"start": "00:03:47", "end": "00:03:53", "text": "lot of people have no desire to save to"}, {"start": "00:03:49", "end": "00:03:55", "text": "invest uh to put away to squirrel away"}, {"start": "00:03:53", "end": "00:03:57", "text": "for the future. So, just understand even"}, {"start": "00:03:55", "end": "00:04:00", "text": "if you're in crypto right now, and I"}, {"start": "00:03:57", "end": "00:04:02", "text": "always make sure to remind you, you"}, {"start": "00:04:00", "end": "00:04:04", "text": "don't need to put millions of dollars"}, {"start": "00:04:02", "end": "00:04:07", "text": "into a market, as long as you are doing"}, {"start": "00:04:04", "end": "00:04:10", "text": "a 100 per month, 200, 300, you're far"}, {"start": "00:04:07", "end": "00:04:12", "text": "ahead. You're saving, you're investing,"}, {"start": "00:04:10", "end": "00:04:14", "text": "you're going to do better than you think"}, {"start": "00:04:12", "end": "00:04:17", "text": "you are in the future because of your"}, {"start": "00:04:14", "end": "00:04:20", "text": "actions right now. I can literally"}, {"start": "00:04:17", "end": "00:04:24", "text": "assure you of that. So,"}, {"start": "00:04:20", "end": "00:04:28", "text": "um, as I was going over before, there's"}, {"start": "00:04:24", "end": "00:04:30", "text": "always a disappearance"}, {"start": "00:04:28", "end": "00:04:33", "text": "in the crypto. Like, there's always this"}, {"start": "00:04:30", "end": "00:04:35", "text": "kind of ghostly thing where everyone"}, {"start": "00:04:33", "end": "00:04:37", "text": "loves crypto when it's making them some"}, {"start": "00:04:35", "end": "00:04:40", "text": "money. The price of the market goes down"}, {"start": "00:04:37", "end": "00:04:43", "text": "and a huge portion of the market tends"}, {"start": "00:04:40", "end": "00:04:46", "text": "to leave right along with the numbers."}, {"start": "00:04:43", "end": "00:04:49", "text": "But um as we've been hearing"}, {"start": "00:04:46", "end": "00:04:51", "text": "historically uh the cryptocurrency"}, {"start": "00:04:49", "end": "00:04:56", "text": "market tends to"}, {"start": "00:04:51", "end": "00:04:58", "text": "go down by around 80 90 or 99% depending"}, {"start": "00:04:56", "end": "00:05:01", "text": "on which altcoin it is. Whenever we have"}, {"start": "00:04:58", "end": "00:05:04", "text": "a bare market this time is very very"}, {"start": "00:05:01", "end": "00:05:08", "text": "different. Bitcoin's price went down by"}, {"start": "00:05:04", "end": "00:05:10", "text": "50%. It did not go down by 85%."}, {"start": "00:05:08", "end": "00:05:13", "text": "This is because of the institutional"}, {"start": "00:05:10", "end": "00:05:17", "text": "accumulation that was happening in the"}, {"start": "00:05:13", "end": "00:05:19", "text": "background but also like daily. So one"}, {"start": "00:05:17", "end": "00:05:21", "text": "of the main metrics and this is quite"}, {"start": "00:05:19", "end": "00:05:24", "text": "simple. One of the main metrics that a"}, {"start": "00:05:21", "end": "00:05:26", "text": "lot of uh companies or institutions use"}, {"start": "00:05:24", "end": "00:05:28", "text": "to gauge"}, {"start": "00:05:26", "end": "00:05:30", "text": "the interest in the cryptocurrency"}, {"start": "00:05:28", "end": "00:05:33", "text": "market is by how many people are"}, {"start": "00:05:30", "end": "00:05:35", "text": "googling it. It sounds like a joke, but"}, {"start": "00:05:33", "end": "00:05:37", "text": "you can go on like Google metrics and"}, {"start": "00:05:35", "end": "00:05:41", "text": "you can see how many people are typing"}, {"start": "00:05:37", "end": "00:05:45", "text": "at any given point. XRP, should I buy"}, {"start": "00:05:41", "end": "00:05:49", "text": "XRP? Is XRP a good investment? Bitcoin,"}, {"start": "00:05:45", "end": "00:05:51", "text": "BTC, BTC ETFs, and this all goes into"}, {"start": "00:05:49", "end": "00:05:54", "text": "obviously different metrics which"}, {"start": "00:05:51", "end": "00:05:57", "text": "usually then uh acts as a signal of some"}, {"start": "00:05:54", "end": "00:06:00", "text": "sort for"}, {"start": "00:05:57", "end": "00:06:02", "text": "investors to see exactly if retail is"}, {"start": "00:06:00", "end": "00:06:05", "text": "getting back into the market. Retail"}, {"start": "00:06:02", "end": "00:06:07", "text": "usually has so much buying power that"}, {"start": "00:06:05", "end": "00:06:09", "text": "they tend to cause prices obviously to"}, {"start": "00:06:07", "end": "00:06:11", "text": "move a lot higher."}, {"start": "00:06:09", "end": "00:06:14", "text": "So, one of the main things is that if"}, {"start": "00:06:11", "end": "00:06:16", "text": "you see Bitcoin go from 20,000"}, {"start": "00:06:14", "end": "00:06:20", "text": "actually back it up. If you see Bitcoin"}, {"start": "00:06:16", "end": "00:06:23", "text": "go from 700 to 20,000 back down to"}, {"start": "00:06:20", "end": "00:06:26", "text": "$3,000, people leave the market. But as"}, {"start": "00:06:23", "end": "00:06:30", "text": "you see Bitcoin begin to recover, 7 8 9"}, {"start": "00:06:26", "end": "00:06:33", "text": "10,000 in price, retail rushes back into"}, {"start": "00:06:30", "end": "00:06:36", "text": "the market and they usually are the"}, {"start": "00:06:33", "end": "00:06:40", "text": "gathering that causes like huge surges"}, {"start": "00:06:36", "end": "00:06:41", "text": "in prices. So, as we are, and I need to"}, {"start": "00:06:40", "end": "00:06:44", "text": "say this because of all the charts we"}, {"start": "00:06:41", "end": "00:06:46", "text": "were getting before, as we apparently"}, {"start": "00:06:44", "end": "00:06:50", "text": "are officially"}, {"start": "00:06:46", "end": "00:06:54", "text": "question mark back in the uh bull market"}, {"start": "00:06:50", "end": "00:06:56", "text": "4year cycle after we passed by the first"}, {"start": "00:06:54", "end": "00:06:59", "text": "week in October,"}, {"start": "00:06:56", "end": "00:07:01", "text": "there seems to be a bit of an uptick"}, {"start": "00:06:59", "end": "00:07:06", "text": "once again of a [snorts] of of a certain"}, {"start": "00:07:01", "end": "00:07:09", "text": "type of uh question going on right now."}, {"start": "00:07:06", "end": "00:07:10", "text": "For those of you not looking at the"}, {"start": "00:07:09", "end": "00:07:15", "text": "screen,"}, {"start": "00:07:10", "end": "00:07:19", "text": "it says buy crypto."}, {"start": "00:07:15", "end": "00:07:23", "text": "The Google searches for the term buy"}, {"start": "00:07:19", "end": "00:07:27", "text": "crypto have reached yearly highs. It"}, {"start": "00:07:23", "end": "00:07:28", "text": "says is retail coming back? [sighs]"}, {"start": "00:07:27", "end": "00:07:30", "text": "[gasps]"}, {"start": "00:07:28", "end": "00:07:34", "text": "The short answer is yes. Long answer is"}, {"start": "00:07:30", "end": "00:07:37", "text": "also yes because this is one of the uh"}, {"start": "00:07:34", "end": "00:07:39", "text": "market cycle patterns. It's always the"}, {"start": "00:07:37", "end": "00:07:41", "text": "same whenever the market looks like it's"}, {"start": "00:07:39", "end": "00:07:44", "text": "recovering"}, {"start": "00:07:41", "end": "00:07:46", "text": "and or in some kind of local news or any"}, {"start": "00:07:44", "end": "00:07:50", "text": "kind of news in general that other"}, {"start": "00:07:46", "end": "00:07:52", "text": "people who aren't investing might end up"}, {"start": "00:07:50", "end": "00:07:55", "text": "watching the if there's an uptick in"}, {"start": "00:07:52", "end": "00:07:58", "text": "discussions about Bitcoin and crypto. As"}, {"start": "00:07:55", "end": "00:08:02", "text": "we've been going over, there's been a"}, {"start": "00:07:58", "end": "00:08:06", "text": "very odd correlation in the news as of"}, {"start": "00:08:02", "end": "00:08:10", "text": "late regarding AI, Bitcoin, interest"}, {"start": "00:08:06", "end": "00:08:13", "text": "rates, stock market, and the Fed."}, {"start": "00:08:10", "end": "00:08:16", "text": "A lot of the news right now is logically"}, {"start": "00:08:13", "end": "00:08:19", "text": "so quite negative. In the normal"}, {"start": "00:08:16", "end": "00:08:21", "text": "economic world, France's debt levels are"}, {"start": "00:08:19", "end": "00:08:24", "text": "completely out of control. The US SIS's"}, {"start": "00:08:21", "end": "00:08:28", "text": "debt levels are nearing"}, {"start": "00:08:24", "end": "00:08:30", "text": "41 trillion US dollars, the the AI"}, {"start": "00:08:28", "end": "00:08:33", "text": "bubble, all these other things that we"}, {"start": "00:08:30", "end": "00:08:36", "text": "keep hearing about."}, {"start": "00:08:33", "end": "00:08:39", "text": "However, crypto for some reason usually"}, {"start": "00:08:36", "end": "00:08:43", "text": "usually typically historically usually"}, {"start": "00:08:39", "end": "00:08:45", "text": "sometimes uh goes unscathed and a lot of"}, {"start": "00:08:43", "end": "00:08:47", "text": "times we end up seeing money from other"}, {"start": "00:08:45", "end": "00:08:50", "text": "markets move into our market. But"}, {"start": "00:08:47", "end": "00:08:52", "text": "similar to other things we heard at the"}, {"start": "00:08:50", "end": "00:08:55", "text": "beginning of this year, you and I are"}, {"start": "00:08:52", "end": "00:08:57", "text": "now hearing that if"}, {"start": "00:08:55", "end": "00:09:01", "text": "if there's some kind of economic"}, {"start": "00:08:57", "end": "00:09:03", "text": "catastrophe, if the AI bubble pops, if"}, {"start": "00:09:01", "end": "00:09:05", "text": "this event happens that crypto would"}, {"start": "00:09:03", "end": "00:09:07", "text": "somehow benefit. That's just the news"}, {"start": "00:09:05", "end": "00:09:10", "text": "that you and I keep receiving and it's"}, {"start": "00:09:07", "end": "00:09:15", "text": "what we currently have sitting in front"}, {"start": "00:09:10", "end": "00:09:17", "text": "of us. So, um, all should be clear"}, {"start": "00:09:15", "end": "00:09:20", "text": "by January."}, {"start": "00:09:17", "end": "00:09:24", "text": "That is a definitive time frame for all"}, {"start": "00:09:20", "end": "00:09:27", "text": "of this. Um because"}, {"start": "00:09:24", "end": "00:09:29", "text": "you and I have heard recently and more"}, {"start": "00:09:27", "end": "00:09:32", "text": "so I want to say like middle end"}, {"start": "00:09:29", "end": "00:09:34", "text": "September you [snorts] and I kept on"}, {"start": "00:09:32", "end": "00:09:37", "text": "hearing that uh by the time we get to"}, {"start": "00:09:34", "end": "00:09:39", "text": "the end of this"}, {"start": "00:09:37", "end": "00:09:44", "text": "year"}, {"start": "00:09:39", "end": "00:09:47", "text": "we should have a 150,000 plus Bitcoin."}, {"start": "00:09:44", "end": "00:09:50", "text": "We should have a $67 XRP. We should"}, {"start": "00:09:47", "end": "00:09:52", "text": "have, according to Tom Lee, a $5 to"}, {"start": "00:09:50", "end": "00:09:54", "text": "$6,000"}, {"start": "00:09:52", "end": "00:09:56", "text": "Ethereum."}, {"start": "00:09:54", "end": "00:09:56", "text": "[sighs]"}, {"start": "00:09:56", "end": "00:10:03", "text": "If we get to those numbers, it will also"}, {"start": "00:09:59", "end": "00:10:05", "text": "mean that retail will have reactivated"}, {"start": "00:10:03", "end": "00:10:07", "text": "and they'll start moving towards the"}, {"start": "00:10:05", "end": "00:10:12", "text": "cryptocurrency market"}, {"start": "00:10:07", "end": "00:10:15", "text": "at the exact same time. It is a a great"}, {"start": "00:10:12", "end": "00:10:17", "text": "the word is not metric. It's a great"}, {"start": "00:10:15", "end": "00:10:19", "text": "signal for all of us uh to see that"}, {"start": "00:10:17", "end": "00:10:21", "text": "these searches are going up. They've"}, {"start": "00:10:19", "end": "00:10:22", "text": "there's there's been news like this for"}, {"start": "00:10:21", "end": "00:10:24", "text": "like a couple of weeks now. You might"}, {"start": "00:10:22", "end": "00:10:27", "text": "not remember but uh there was an uptick"}, {"start": "00:10:24", "end": "00:10:30", "text": "also in like buy bitcoin and just the"}, {"start": "00:10:27", "end": "00:10:32", "text": "word bitcoin also going up uh as well"}, {"start": "00:10:30", "end": "00:10:33", "text": "which usually means people are looking"}, {"start": "00:10:32", "end": "00:10:34", "text": "at the market. They're trying to see"}, {"start": "00:10:33", "end": "00:10:36", "text": "like if things are, you know, where"}, {"start": "00:10:34", "end": "00:10:39", "text": "should I buy, what's going on, which"}, {"start": "00:10:36", "end": "00:10:42", "text": "crypto should I be getting? But by the"}, {"start": "00:10:39", "end": "00:10:44", "text": "time we get to January, we should see if"}, {"start": "00:10:42", "end": "00:10:47", "text": "we're already above"}, {"start": "00:10:44", "end": "00:10:49", "text": "new all-time highs. We should I mean, it"}, {"start": "00:10:47", "end": "00:10:51", "text": "should be abundantly clear who's back in"}, {"start": "00:10:49", "end": "00:10:53", "text": "the market and how much more crypto is"}, {"start": "00:10:51", "end": "00:10:57", "text": "being absorbed. If you somehow missed"}, {"start": "00:10:53", "end": "00:11:00", "text": "it, we have there's billions billions"}, {"start": "00:10:57", "end": "00:11:02", "text": "billions of dollars"}, {"start": "00:11:00", "end": "00:11:05", "text": "being accumulated just about I think"}, {"start": "00:11:02", "end": "00:11:08", "text": "every week now within the space whether"}, {"start": "00:11:05", "end": "00:11:11", "text": "it be from crypto exchanges from people"}, {"start": "00:11:08", "end": "00:11:13", "text": "buying or from like ETF accumulation. So"}, {"start": "00:11:11", "end": "00:11:16", "text": "the demand is there. just uh for the"}, {"start": "00:11:13", "end": "00:11:20", "text": "retail to kind of figure it out because"}, {"start": "00:11:16", "end": "00:11:22", "text": "since we have been put in such a uh"}, {"start": "00:11:20", "end": "00:11:25", "text": "predicament right now where these people"}, {"start": "00:11:22", "end": "00:11:27", "text": "are taking off so much crypto that they"}, {"start": "00:11:25", "end": "00:11:30", "text": "wouldn't take off of exchanges until"}, {"start": "00:11:27", "end": "00:11:32", "text": "2028. They're going to cause a supply"}, {"start": "00:11:30", "end": "00:11:36", "text": "shock on the market. It is going to"}, {"start": "00:11:32", "end": "00:11:38", "text": "happen. And if retail investors jump in,"}, {"start": "00:11:36", "end": "00:11:40", "text": "it's these are where the million-doll"}, {"start": "00:11:38", "end": "00:11:43", "text": "predictions are coming from. For those"}, {"start": "00:11:40", "end": "00:11:46", "text": "of you who were unaware, it is uh an"}, {"start": "00:11:43", "end": "00:11:49", "text": "unorganic move of crypto off of"}, {"start": "00:11:46", "end": "00:11:52", "text": "exchanges and is retail investors"}, {"start": "00:11:49", "end": "00:11:53", "text": "figuring out that uh $13 for some milk"}, {"start": "00:11:52", "end": "00:11:55", "text": "might be too expensive, so they want to"}, {"start": "00:11:53", "end": "00:11:56", "text": "start investing and then they throw"}, {"start": "00:11:55", "end": "00:11:59", "text": "their money into the market and then"}, {"start": "00:11:56", "end": "00:12:02", "text": "prices go higher. But we will see how"}, {"start": "00:11:59", "end": "00:12:04", "text": "this all unfolds because there's also"}, {"start": "00:12:02", "end": "00:12:06", "text": "9,000"}, {"start": "00:12:04", "end": "00:12:09", "text": "things happening in the news every"}, {"start": "00:12:06", "end": "00:12:13", "text": "single 24 hours."}, {"start": "00:12:09", "end": "00:12:17", "text": "That's the people are looking up by"}, {"start": "00:12:13", "end": "00:12:20", "text": "crypto once again on the Googles."}, {"start": "00:12:17", "end": "00:12:23", "text": "And yeah,"}, {"start": "00:12:20", "end": "00:12:23", "text": "let's move on."}, {"start": "00:12:24", "end": "00:12:32", "text": "It says another spot Salana ETF is set"}, {"start": "00:12:29", "end": "00:12:35", "text": "to launch this month. Salana is"}, {"start": "00:12:32", "end": "00:12:39", "text": "preparing to launch its second ETF in"}, {"start": "00:12:35", "end": "00:12:42", "text": "Hong Kong as Pando schedules the listing"}, {"start": "00:12:39", "end": "00:12:42", "text": "of its Salana"}, {"start": "00:12:43", "end": "00:12:49", "text": "fund for this. [laughter]"}, {"start": "00:12:46", "end": "00:12:52", "text": "Solanda sounds like um it sounds like a"}, {"start": "00:12:49", "end": "00:12:56", "text": "like a like a a woman's name from the"}, {"start": "00:12:52", "end": "00:13:00", "text": "80s. Solanda or like it's like Yolanda."}, {"start": "00:12:56", "end": "00:13:04", "text": "And anyway, um right. Awesome. Cool. I"}, {"start": "00:13:00", "end": "00:13:06", "text": "saw another article and I I don't know"}, {"start": "00:13:04", "end": "00:13:08", "text": "if it's sadness. I don't know if it's"}, {"start": "00:13:06", "end": "00:13:13", "text": "reality. There was another article that"}, {"start": "00:13:08", "end": "00:13:17", "text": "I saw discussing the uh Dogecoin ETF. If"}, {"start": "00:13:13", "end": "00:13:20", "text": "you somehow missed that, there was a"}, {"start": "00:13:17", "end": "00:13:22", "text": "Dogecoin ETF. Uh, no one was using it."}, {"start": "00:13:20", "end": "00:13:26", "text": "No one was buying anything from it. It"}, {"start": "00:13:22", "end": "00:13:28", "text": "had, I think, a million 1 million"}, {"start": "00:13:26", "end": "00:13:30", "text": "dollars inside of its fund. Uh,"}, {"start": "00:13:28", "end": "00:13:32", "text": "comparatively, for those of you who"}, {"start": "00:13:30", "end": "00:13:35", "text": "didn't catch on, many of these funds"}, {"start": "00:13:32", "end": "00:13:38", "text": "have hundreds of millions and the"}, {"start": "00:13:35", "end": "00:13:41", "text": "Bitcoin ones have billions of dollars."}, {"start": "00:13:38", "end": "00:13:42", "text": "No one was using the actual Dogecoin"}, {"start": "00:13:41", "end": "00:13:45", "text": "ETF."}, {"start": "00:13:42", "end": "00:13:47", "text": "is because no one wants Dogecoin. If if"}, {"start": "00:13:45", "end": "00:13:49", "text": "you if you need someone to to be a"}, {"start": "00:13:47", "end": "00:13:51", "text": "friend to you and tell you this right"}, {"start": "00:13:49", "end": "00:13:53", "text": "now, no one uses Dogecoin. Rich people"}, {"start": "00:13:51", "end": "00:13:55", "text": "do not talk about Dogecoin. Rich people"}, {"start": "00:13:53", "end": "00:13:57", "text": "do not want Dogecoin. Rich people are"}, {"start": "00:13:55", "end": "00:13:58", "text": "not accumulating it. It's not on their"}, {"start": "00:13:57", "end": "00:14:00", "text": "radar. It's not something that they"}, {"start": "00:13:58", "end": "00:14:03", "text": "want. It's nothing. We have not heard"}, {"start": "00:14:00", "end": "00:14:05", "text": "from one company, one institution, one"}, {"start": "00:14:03", "end": "00:14:07", "text": "government. I just said the word"}, {"start": "00:14:05", "end": "00:14:09", "text": "government to you. You and I have not"}, {"start": "00:14:07", "end": "00:14:12", "text": "heard from one government, one central"}, {"start": "00:14:09", "end": "00:14:13", "text": "bank. Not one of them has said the word"}, {"start": "00:14:12", "end": "00:14:16", "text": "Dogecoin."}, {"start": "00:14:13", "end": "00:14:17", "text": "Zero of them."}, {"start": "00:14:16", "end": "00:14:19", "text": "We've heard Bitcoin. We've heard"}, {"start": "00:14:17", "end": "00:14:21", "text": "Ethereum. We've heard Salana. We've"}, {"start": "00:14:19", "end": "00:14:25", "text": "heard some Polygons. We heard more than"}, {"start": "00:14:21", "end": "00:14:25", "text": "more than a few times some XRPs."}, {"start": "00:14:26", "end": "00:14:30", "text": "No Dogecoin. I don't know who needed to"}, {"start": "00:14:28", "end": "00:14:34", "text": "hear that. I'm just I'm I'm I'm"}, {"start": "00:14:30", "end": "00:14:37", "text": "sincerely trying to help. So, a lot a"}, {"start": "00:14:34", "end": "00:14:40", "text": "lot a lot of ETFs are going to be"}, {"start": "00:14:37", "end": "00:14:42", "text": "launched in the future. a lot of them."}, {"start": "00:14:40", "end": "00:14:44", "text": "Why? Because we're talking about a"}, {"start": "00:14:42", "end": "00:14:45", "text": "million-dollar Bitcoin. If we're talking"}, {"start": "00:14:44", "end": "00:14:48", "text": "about a million-dollar Bitcoin, it means"}, {"start": "00:14:45", "end": "00:14:50", "text": "the US dollar has collapsed. It has"}, {"start": "00:14:48", "end": "00:14:51", "text": "disappeared. No one's really using it."}, {"start": "00:14:50", "end": "00:14:54", "text": "Everyone has more or less switched to"}, {"start": "00:14:51", "end": "00:14:59", "text": "crypto. With that movement up from"}, {"start": "00:14:54", "end": "00:15:01", "text": "$80,000 to a million per coin, it is"}, {"start": "00:14:59", "end": "00:15:04", "text": "expected that many altcoins are also"}, {"start": "00:15:01", "end": "00:15:06", "text": "going to do incredibly well, as one"}, {"start": "00:15:04", "end": "00:15:08", "text": "could logically assume. So, we're"}, {"start": "00:15:06", "end": "00:15:10", "text": "expecting a very high price for XRP."}, {"start": "00:15:08", "end": "00:15:12", "text": "We're expecting a very high price for"}, {"start": "00:15:10", "end": "00:15:16", "text": "Ethereum and many other coins kind of"}, {"start": "00:15:12", "end": "00:15:19", "text": "want to join the bandwagon. We have not"}, {"start": "00:15:16", "end": "00:15:21", "text": "had an exceptionally large amount of"}, {"start": "00:15:19", "end": "00:15:23", "text": "Salana news this year, but we have had"}, {"start": "00:15:21", "end": "00:15:26", "text": "some adoption. We've had some like big"}, {"start": "00:15:23", "end": "00:15:30", "text": "wigs who've said the word Salana and I"}, {"start": "00:15:26", "end": "00:15:36", "text": "think Salana is most poised"}, {"start": "00:15:30", "end": "00:15:37", "text": "comparative to Tron or Cardano or IOTA"}, {"start": "00:15:36", "end": "00:15:39", "text": "etc."}, {"start": "00:15:37", "end": "00:15:41", "text": "uh who we have not heard from to kind of"}, {"start": "00:15:39", "end": "00:15:44", "text": "like stand on its own and and kind of"}, {"start": "00:15:41", "end": "00:15:46", "text": "become uh used by companies and"}, {"start": "00:15:44", "end": "00:15:48", "text": "corporations. We've heard nothing about"}, {"start": "00:15:46", "end": "00:15:50", "text": "banks using Salana but you know what"}, {"start": "00:15:48", "end": "00:15:52", "text": "have you. So the big thing it always"}, {"start": "00:15:50", "end": "00:15:54", "text": "comes down to you can launch as many of"}, {"start": "00:15:52", "end": "00:15:56", "text": "these things as you want. Are people"}, {"start": "00:15:54", "end": "00:15:57", "text": "using them? Do people want them? Do"}, {"start": "00:15:56", "end": "00:16:00", "text": "institutions"}, {"start": "00:15:57", "end": "00:16:02", "text": "uh find them cool? and it seems like a"}, {"start": "00:16:00", "end": "00:16:04", "text": "very opportune time to be able to do so"}, {"start": "00:16:02", "end": "00:16:06", "text": "just because"}, {"start": "00:16:04", "end": "00:16:08", "text": "everyone's expecting the market to go a"}, {"start": "00:16:06", "end": "00:16:14", "text": "lot higher. So, you can kind of ride"}, {"start": "00:16:08", "end": "00:16:16", "text": "that wave up there. We're still only"}, {"start": "00:16:14", "end": "00:16:21", "text": "hearing about seven or eight different"}, {"start": "00:16:16", "end": "00:16:26", "text": "coins as of right now. I I Oh my gosh, I"}, {"start": "00:16:21", "end": "00:16:29", "text": "saw an article I I mean flabbergasted. I"}, {"start": "00:16:26", "end": "00:16:31", "text": "saw an article talking about the it"}, {"start": "00:16:29", "end": "00:16:32", "text": "wasn't the most popular crypto. I forgot"}, {"start": "00:16:31", "end": "00:16:35", "text": "what it was. It was like like the most"}, {"start": "00:16:32", "end": "00:16:38", "text": "spoken about right now. Curiosity got"}, {"start": "00:16:35", "end": "00:16:42", "text": "the best of me. So I I clicked on it"}, {"start": "00:16:38", "end": "00:16:43", "text": "floored. It was it was a list of 10"}, {"start": "00:16:42", "end": "00:16:47", "text": "coins"}, {"start": "00:16:43", "end": "00:16:50", "text": "and they were all meme coins. They were"}, {"start": "00:16:47", "end": "00:16:52", "text": "all coins that I had one or two of them"}, {"start": "00:16:50", "end": "00:16:54", "text": "had heard from the last couple of years."}, {"start": "00:16:52", "end": "00:16:57", "text": "I mean like garbage, like garbage, like"}, {"start": "00:16:54", "end": "00:16:59", "text": "stuff that no one's ever going to use."}, {"start": "00:16:57", "end": "00:17:01", "text": "And this, and listen, if you want to be"}, {"start": "00:16:59", "end": "00:17:05", "text": "honest here, this is usually also a very"}, {"start": "00:17:01", "end": "00:17:07", "text": "good uh metric for the bull market is"}, {"start": "00:17:05", "end": "00:17:09", "text": "you start to see how many people are"}, {"start": "00:17:07", "end": "00:17:12", "text": "buying into crappy coins. These people"}, {"start": "00:17:09", "end": "00:17:14", "text": "have money that they want to put into"}, {"start": "00:17:12", "end": "00:17:16", "text": "the market. They don't understand"}, {"start": "00:17:14", "end": "00:17:18", "text": "because they haven't been here for two"}, {"start": "00:17:16", "end": "00:17:22", "text": "years. They don't understand that XRP,"}, {"start": "00:17:18", "end": "00:17:26", "text": "Salana, uh, Polygon, Ethereum, and"}, {"start": "00:17:22", "end": "00:17:27", "text": "Bitcoin are being used constantly."}, {"start": "00:17:26", "end": "00:17:29", "text": "So, they throw their money into anything"}, {"start": "00:17:27", "end": "00:17:32", "text": "else that they think can get like you"}, {"start": "00:17:29", "end": "00:17:35", "text": "have to understand like FOMO is a very"}, {"start": "00:17:32", "end": "00:17:35", "text": "strong thing."}, {"start": "00:17:35", "end": "00:17:40", "text": "If you see someone"}, {"start": "00:17:38", "end": "00:17:42", "text": "go from having a dollar to having a"}, {"start": "00:17:40", "end": "00:17:44", "text": "million dollars"}, {"start": "00:17:42", "end": "00:17:46", "text": "and you come to the realization that you"}, {"start": "00:17:44", "end": "00:17:47", "text": "could have done that exact same trek,"}, {"start": "00:17:46", "end": "00:17:50", "text": "that exact same thing that they did and"}, {"start": "00:17:47", "end": "00:17:52", "text": "also become a millionaire, people become"}, {"start": "00:17:50", "end": "00:17:54", "text": "desperate and they start throwing their"}, {"start": "00:17:52", "end": "00:17:56", "text": "money into anything that they can to try"}, {"start": "00:17:54", "end": "00:17:58", "text": "and make a quick buck. A side note, and"}, {"start": "00:17:56", "end": "00:18:02", "text": "I say this once again,"}, {"start": "00:17:58", "end": "00:18:05", "text": "um if you can avoid"}, {"start": "00:18:02", "end": "00:18:10", "text": "using prediction markets, please do so."}, {"start": "00:18:05", "end": "00:18:13", "text": "They are in many cases, um they're not"}, {"start": "00:18:10", "end": "00:18:15", "text": "worth it for you to put your money into."}, {"start": "00:18:13", "end": "00:18:18", "text": "There are many other things you can do"}, {"start": "00:18:15", "end": "00:18:22", "text": "as well as any other app that is telling"}, {"start": "00:18:18", "end": "00:18:24", "text": "you um"}, {"start": "00:18:22", "end": "00:18:25", "text": "how high do you think their score is"}, {"start": "00:18:24", "end": "00:18:27", "text": "going to be when they kick the football."}, {"start": "00:18:25", "end": "00:18:30", "text": "Uh those should also be avoided because"}, {"start": "00:18:27", "end": "00:18:32", "text": "people are losing tons of money on them."}, {"start": "00:18:30", "end": "00:18:35", "text": "I know I know you know what I'm talking"}, {"start": "00:18:32", "end": "00:18:39", "text": "about. So just you know just a word of"}, {"start": "00:18:35", "end": "00:18:42", "text": "caution out there. But um anywh who yeah"}, {"start": "00:18:39", "end": "00:18:44", "text": "so we're now supposedly at the time"}, {"start": "00:18:42", "end": "00:18:45", "text": "because there there's still this"}, {"start": "00:18:44", "end": "00:18:48", "text": "discussion going on for those of you who"}, {"start": "00:18:45", "end": "00:18:50", "text": "weren't aware if we're in a 4-year cycle"}, {"start": "00:18:48", "end": "00:18:52", "text": "or if we are shifted in some sort of"}, {"start": "00:18:50", "end": "00:18:53", "text": "way. [snorts] But the money's here. The"}, {"start": "00:18:52", "end": "00:18:55", "text": "money is supposed to be moving more into"}, {"start": "00:18:53", "end": "00:18:56", "text": "the market. Let's see if we end up"}, {"start": "00:18:55", "end": "00:18:59", "text": "hitting some brand new all-time highs."}, {"start": "00:18:56", "end": "00:19:02", "text": "We are going to see many more ETFs also"}, {"start": "00:18:59", "end": "00:19:04", "text": "trying to latch on to any kind of"}, {"start": "00:19:02", "end": "00:19:07", "text": "movements up in price. But as I've been"}, {"start": "00:19:04", "end": "00:19:08", "text": "going over for months now, uh there are"}, {"start": "00:19:07", "end": "00:19:10", "text": "very few coins that we've heard from"}, {"start": "00:19:08", "end": "00:19:12", "text": "these companies in these institutions."}, {"start": "00:19:10", "end": "00:19:15", "text": "Uh they seem to have chosen their"}, {"start": "00:19:12", "end": "00:19:17", "text": "winners. If new ones begin to pop up, if"}, {"start": "00:19:15", "end": "00:19:19", "text": "we hear that new coins are being adopted"}, {"start": "00:19:17", "end": "00:19:20", "text": "by Visa and Mastercard and and and and"}, {"start": "00:19:19", "end": "00:19:23", "text": "and"}, {"start": "00:19:20", "end": "00:19:29", "text": "the like, then they will also be in the"}, {"start": "00:19:23", "end": "00:19:32", "text": "news. That's the Salana ETF launch news."}, {"start": "00:19:29", "end": "00:19:36", "text": "And yeah,"}, {"start": "00:19:32", "end": "00:19:36", "text": "let's move on."}, {"start": "00:19:36", "end": "00:19:42", "text": "I saw this one and I know what they're"}, {"start": "00:19:38", "end": "00:19:43", "text": "trying to do, but be cautious."}, {"start": "00:19:42", "end": "00:19:46", "text": "Polygon"}, {"start": "00:19:43", "end": "00:19:50", "text": "is preparing to burn a large amount of"}, {"start": "00:19:46", "end": "00:19:54", "text": "coins. Apparently, the Polygon"}, {"start": "00:19:50", "end": "00:19:58", "text": "Foundation CEO Sandeep Nyawal"}, {"start": "00:19:54", "end": "00:20:00", "text": "has announced plans to permanently burn"}, {"start": "00:19:58", "end": "00:20:03", "text": "100"}, {"start": "00:20:00", "end": "00:20:06", "text": "million Polygon tokens via a"}, {"start": "00:20:03", "end": "00:20:09", "text": "permissionless contract pending final"}, {"start": "00:20:06", "end": "00:20:13", "text": "security council approval with quarterly"}, {"start": "00:20:09", "end": "00:20:15", "text": "burns to follow. Polygon Foundation CEO"}, {"start": "00:20:13", "end": "00:20:18", "text": "Sandeep Nywal has announced plans to"}, {"start": "00:20:15", "end": "00:20:20", "text": "permanently remove permanently remove"}, {"start": "00:20:18", "end": "00:20:23", "text": "100 million Polygon tokens from"}, {"start": "00:20:20", "end": "00:20:25", "text": "circulation, marking one of the most"}, {"start": "00:20:23", "end": "00:20:28", "text": "significant supply reduction moves in"}, {"start": "00:20:25", "end": "00:20:31", "text": "the network's history. Polygon, it says,"}, {"start": "00:20:28", "end": "00:20:34", "text": "is preparing to deploy a permissionless"}, {"start": "00:20:31", "end": "00:20:36", "text": "burn contract that allows anyone to"}, {"start": "00:20:34", "end": "00:20:39", "text": "permanently burn 100 million Polygon,"}, {"start": "00:20:36", "end": "00:20:42", "text": "accounting for approximately 83%"}, {"start": "00:20:39", "end": "00:20:45", "text": "of the 121 million tokens held by the"}, {"start": "00:20:42", "end": "00:20:46", "text": "Polygon base fee collector. Smart"}, {"start": "00:20:45", "end": "00:20:48", "text": "contracts are now live on the test net"}, {"start": "00:20:46", "end": "00:20:52", "text": "and will be deployed to mainet following"}, {"start": "00:20:48", "end": "00:20:55", "text": "final security council approvals. So,"}, {"start": "00:20:52", "end": "00:20:57", "text": "um, other coins have tried this in the"}, {"start": "00:20:55", "end": "00:21:01", "text": "past."}, {"start": "00:20:57", "end": "00:21:03", "text": "I believe this is probably happening. If"}, {"start": "00:21:01", "end": "00:21:07", "text": "you've missed it at all and didn't hear"}, {"start": "00:21:03", "end": "00:21:08", "text": "my words previously, Polygon has, and I"}, {"start": "00:21:07", "end": "00:21:11", "text": "didn't want to use the word chosen,"}, {"start": "00:21:08", "end": "00:21:14", "text": "Polyword, Polyword."}, {"start": "00:21:11", "end": "00:21:16", "text": "Polygon is one of the coins [snorts] uh"}, {"start": "00:21:14", "end": "00:21:18", "text": "that is currently popping up a little"}, {"start": "00:21:16", "end": "00:21:20", "text": "bit in the news. And I mean like a tier"}, {"start": "00:21:18", "end": "00:21:25", "text": "three kind of thing. [snorts] We're"}, {"start": "00:21:20", "end": "00:21:27", "text": "hearing Polygon, Algarand, um HAR."}, {"start": "00:21:25", "end": "00:21:30", "text": "Uh I wouldn't use Bass as one of them."}, {"start": "00:21:27", "end": "00:21:32", "text": "And Binancecoin is probably like tier 2"}, {"start": "00:21:30", "end": "00:21:35", "text": "after like Bitcoin, Ethereum, and XRP,"}, {"start": "00:21:32", "end": "00:21:40", "text": "but Polygon has been one of them."}, {"start": "00:21:35", "end": "00:21:42", "text": "Polygon is the the uh scaling solution"}, {"start": "00:21:40", "end": "00:21:43", "text": "currently for Ethereum. Ethereum does"}, {"start": "00:21:42", "end": "00:21:46", "text": "not have many transactions per second,"}, {"start": "00:21:43", "end": "00:21:49", "text": "but Polygon picks up the slack. Polygon"}, {"start": "00:21:46", "end": "00:21:51", "text": "was the thing that helped the Ethereum"}, {"start": "00:21:49", "end": "00:21:54", "text": "network during the last bull run uh by"}, {"start": "00:21:51", "end": "00:21:57", "text": "having extremely cheap transactions."}, {"start": "00:21:54", "end": "00:22:01", "text": "They had a"}, {"start": "00:21:57", "end": "00:22:04", "text": "like a rebrand. The the coin wasn't P"}, {"start": "00:22:01", "end": "00:22:07", "text": "before. It was I forgot what it was. It"}, {"start": "00:22:04", "end": "00:22:12", "text": "had another bunch of numbers and letters"}, {"start": "00:22:07", "end": "00:22:14", "text": "as its thing. So I assume"}, {"start": "00:22:12", "end": "00:22:17", "text": "assume they're going to be burning 100"}, {"start": "00:22:14", "end": "00:22:20", "text": "million coins because probably it'll"}, {"start": "00:22:17", "end": "00:22:23", "text": "bode well for the holders of it right"}, {"start": "00:22:20", "end": "00:22:26", "text": "now and also for like institutions as"}, {"start": "00:22:23", "end": "00:22:28", "text": "well in the future. This is why uh"}, {"start": "00:22:26", "end": "00:22:31", "text": "Binancecoin also has a significant coin"}, {"start": "00:22:28", "end": "00:22:33", "text": "burn. The coins that typically typically"}, {"start": "00:22:31", "end": "00:22:35", "text": "typically typically get thrown to the"}, {"start": "00:22:33", "end": "00:22:37", "text": "front of the line for adoption are those"}, {"start": "00:22:35", "end": "00:22:39", "text": "that become rarer."}, {"start": "00:22:37", "end": "00:22:41", "text": "This is why Ethereum and XRP are"}, {"start": "00:22:39", "end": "00:22:43", "text": "constantly always there. Why you keep"}, {"start": "00:22:41", "end": "00:22:46", "text": "hearing about Salana and this is the"}, {"start": "00:22:43", "end": "00:22:48", "text": "perplexing part why we do not hear often"}, {"start": "00:22:46", "end": "00:22:50", "text": "about Cardano because Cardano also has a"}, {"start": "00:22:48", "end": "00:22:55", "text": "coin burn as well. But that's another"}, {"start": "00:22:50", "end": "00:22:59", "text": "discussion. So yes, 100 million coins of"}, {"start": "00:22:55", "end": "00:23:01", "text": "their 121 million coins are meant to be"}, {"start": "00:22:59", "end": "00:23:05", "text": "burned, which would then of course give"}, {"start": "00:23:01", "end": "00:23:07", "text": "them the illustrious 21 million coins"}, {"start": "00:23:05", "end": "00:23:11", "text": "circulating, similar to the Bitcoin"}, {"start": "00:23:07", "end": "00:23:13", "text": "number. Uh but we heard many years ago"}, {"start": "00:23:11", "end": "00:23:15", "text": "the people from"}, {"start": "00:23:13", "end": "00:23:18", "text": "what's it called?"}, {"start": "00:23:15", "end": "00:23:21", "text": "Stellar Lumens did this and it was met"}, {"start": "00:23:18", "end": "00:23:22", "text": "with little to no fanfare. If [snorts]"}, {"start": "00:23:21", "end": "00:23:24", "text": "you weren't here, I mean, you can Google"}, {"start": "00:23:22", "end": "00:23:26", "text": "it as well. Uh, the people from Stellar"}, {"start": "00:23:24", "end": "00:23:28", "text": "Lumens,"}, {"start": "00:23:26", "end": "00:23:29", "text": "it was a very cringy, weird event. They"}, {"start": "00:23:28", "end": "00:23:31", "text": "had some kind of like a thing. They were"}, {"start": "00:23:29", "end": "00:23:32", "text": "all standing on stage and they announced"}, {"start": "00:23:31", "end": "00:23:35", "text": "that they were going, I think they"}, {"start": "00:23:32", "end": "00:23:37", "text": "burned more than half"}, {"start": "00:23:35", "end": "00:23:40", "text": "of all the stellar lumens that were out"}, {"start": "00:23:37", "end": "00:23:42", "text": "there. And"}, {"start": "00:23:40", "end": "00:23:45", "text": "many people were expecting that the"}, {"start": "00:23:42", "end": "00:23:47", "text": "price of lumens was going to go up. And"}, {"start": "00:23:45", "end": "00:23:49", "text": "it did not. As I've been saying for many"}, {"start": "00:23:47", "end": "00:23:51", "text": "years, no one uses Stellar Lumens."}, {"start": "00:23:49", "end": "00:23:53", "text": "That's why it being in the news this"}, {"start": "00:23:51", "end": "00:23:55", "text": "year has been like, \"Oh,"}, {"start": "00:23:53", "end": "00:23:58", "text": "okay.\" I think one or two companies"}, {"start": "00:23:55", "end": "00:24:02", "text": "mentioned uh using it or putting some"}, {"start": "00:23:58", "end": "00:24:05", "text": "type of a um not a protocol, but some"}, {"start": "00:24:02", "end": "00:24:07", "text": "kind of like a thing on top of it. And"}, {"start": "00:24:05", "end": "00:24:10", "text": "you know, your chain has to actually be"}, {"start": "00:24:07", "end": "00:24:15", "text": "used which polygon is. So, the burning"}, {"start": "00:24:10", "end": "00:24:19", "text": "of a 100. I'm a a a"}, {"start": "00:24:15", "end": "00:24:22", "text": "I'm expecting this to make major news. B"}, {"start": "00:24:19", "end": "00:24:26", "text": "uh this should bode well for its price."}, {"start": "00:24:22", "end": "00:24:28", "text": "The timing also pay attention. Uh bull"}, {"start": "00:24:26", "end": "00:24:30", "text": "run time. So, of course, you would"}, {"start": "00:24:28", "end": "00:24:33", "text": "release news like this and do this now"}, {"start": "00:24:30", "end": "00:24:40", "text": "when everyone's expecting prices to go a"}, {"start": "00:24:33", "end": "00:24:42", "text": "lot higher. So yeah, 100 million coins."}, {"start": "00:24:40", "end": "00:24:47", "text": "It's a bit intense. Let's see what ends"}, {"start": "00:24:42", "end": "00:24:50", "text": "up happening. Um cuz you know that could"}, {"start": "00:24:47", "end": "00:24:53", "text": "be something interesting. [laughter]"}, {"start": "00:24:50", "end": "00:24:56", "text": "Okie dokie."}, {"start": "00:24:53", "end": "00:24:58", "text": "Let's move on."}, {"start": "00:24:56", "end": "00:25:00", "text": "For those of you not looking at the"}, {"start": "00:24:58", "end": "00:25:03", "text": "screen,"}, {"start": "00:25:00", "end": "00:25:07", "text": "it says XRP"}, {"start": "00:25:03", "end": "00:25:11", "text": "ETFs cross1 billion."}, {"start": "00:25:07", "end": "00:25:14", "text": "I assume that's meant to be 1 billion"}, {"start": "00:25:11", "end": "00:25:16", "text": "or maybe they're holding a billion XRP."}, {"start": "00:25:14", "end": "00:25:19", "text": "I'm not really sure. Uh, Bitcoin and"}, {"start": "00:25:16", "end": "00:25:23", "text": "Ethereum funds still dominate crypto."}, {"start": "00:25:19", "end": "00:25:25", "text": "Yeah, not not too surprised there. You"}, {"start": "00:25:23", "end": "00:25:27", "text": "know why? because we hear this every"}, {"start": "00:25:25", "end": "00:25:29", "text": "single day. [laughter] For those of you"}, {"start": "00:25:27", "end": "00:25:33", "text": "who somehow missed it, [snorts] uh JP"}, {"start": "00:25:29", "end": "00:25:37", "text": "Morgan recently released a a study,"}, {"start": "00:25:33", "end": "00:25:41", "text": "some news, uh that this year alone,"}, {"start": "00:25:37", "end": "00:25:44", "text": "crypto ETFs have taken in more than 50"}, {"start": "00:25:41", "end": "00:25:48", "text": "billion US. Even the idea of like"}, {"start": "00:25:44", "end": "00:25:51", "text": "crossing just 1 billion XRP,"}, {"start": "00:25:48", "end": "00:25:55", "text": "I I assume that's what it is. Uh seems"}, {"start": "00:25:51", "end": "00:25:59", "text": "even quite low. Can anyone tell me why?"}, {"start": "00:25:55", "end": "00:26:02", "text": "Well, uh, in September, uh, as far as I"}, {"start": "00:25:59", "end": "00:26:05", "text": "can remember, we had news"}, {"start": "00:26:02", "end": "00:26:10", "text": "across like 10 consecutive days of"}, {"start": "00:26:05", "end": "00:26:14", "text": "billions billions gigantic S at the end"}, {"start": "00:26:10", "end": "00:26:16", "text": "of XRP being taken off of exchanges."}, {"start": "00:26:14", "end": "00:26:19", "text": "So, the idea of them them just crossing"}, {"start": "00:26:16", "end": "00:26:22", "text": "a billion is like, oh, wow, that's"}, {"start": "00:26:19", "end": "00:26:24", "text": "that's kind of cool. Yeah. As I've been"}, {"start": "00:26:22", "end": "00:26:27", "text": "going over, these companies and"}, {"start": "00:26:24", "end": "00:26:29", "text": "institutions and others are making sure"}, {"start": "00:26:27", "end": "00:26:31", "text": "to buy as much crypto as they possibly"}, {"start": "00:26:29", "end": "00:26:33", "text": "can. They're not doing it in the normal"}, {"start": "00:26:31", "end": "00:26:35", "text": "way. There is no slow and steady wins"}, {"start": "00:26:33", "end": "00:26:37", "text": "the race kind of thing anymore. And I"}, {"start": "00:26:35", "end": "00:26:41", "text": "mentioned to you on the other channel, I"}, {"start": "00:26:37", "end": "00:26:44", "text": "have a have a bit of a bit of an idea"}, {"start": "00:26:41", "end": "00:26:46", "text": "that we could be witnessing like a"}, {"start": "00:26:44", "end": "00:26:49", "text": "panicked shift"}, {"start": "00:26:46", "end": "00:26:52", "text": "away from other assets. uh there's so"}, {"start": "00:26:49", "end": "00:26:53", "text": "much news about like stocks maybe not"}, {"start": "00:26:52", "end": "00:26:55", "text": "doing well and interest rates going"}, {"start": "00:26:53", "end": "00:26:57", "text": "higher and this happening to so and so"}, {"start": "00:26:55", "end": "00:26:59", "text": "and that's happening to but then we're"}, {"start": "00:26:57", "end": "00:27:02", "text": "also hearing that tons of money is still"}, {"start": "00:26:59", "end": "00:27:06", "text": "flowing into the cryptocurrency market."}, {"start": "00:27:02", "end": "00:27:09", "text": "So that's my current theory uh partially"}, {"start": "00:27:06", "end": "00:27:11", "text": "as to what's going on. Yeah, we're"}, {"start": "00:27:09", "end": "00:27:14", "text": "getting a lot of good ETF news the last"}, {"start": "00:27:11", "end": "00:27:16", "text": "few days. We've had like uh what was the"}, {"start": "00:27:14", "end": "00:27:18", "text": "other one? It it was some kind of like a"}, {"start": "00:27:16", "end": "00:27:21", "text": "like a weird like backhanded kind of"}, {"start": "00:27:18", "end": "00:27:23", "text": "thing where it was like stocks not do"}, {"start": "00:27:21", "end": "00:27:26", "text": "well crypto okay question mark and I was"}, {"start": "00:27:23", "end": "00:27:27", "text": "like yeah that's that's what happens"}, {"start": "00:27:26", "end": "00:27:30", "text": "when all the billionaires are into an"}, {"start": "00:27:27", "end": "00:27:32", "text": "asset. So yeah completely unsurprising"}, {"start": "00:27:30", "end": "00:27:34", "text": "that we're getting any kind of news like"}, {"start": "00:27:32", "end": "00:27:38", "text": "this just because of everything that"}, {"start": "00:27:34", "end": "00:27:41", "text": "we've been hearing. Um,"}, {"start": "00:27:38", "end": "00:27:44", "text": "I try not to"}, {"start": "00:27:41", "end": "00:27:49", "text": "be too dramatic in many things that I"}, {"start": "00:27:44", "end": "00:27:53", "text": "say. Uh, and I try not to be too tinfoil"}, {"start": "00:27:49", "end": "00:27:57", "text": "hady either, but it does feel"}, {"start": "00:27:53", "end": "00:27:59", "text": "weird. Something does feel off"}, {"start": "00:27:57", "end": "00:28:04", "text": "offkilter."}, {"start": "00:27:59", "end": "00:28:06", "text": "uh something does feel like this is"}, {"start": "00:28:04", "end": "00:28:09", "text": "I can't use the term like all going"}, {"start": "00:28:06", "end": "00:28:11", "text": "according to plan but that you you kind"}, {"start": "00:28:09", "end": "00:28:14", "text": "of catch my drift right like something"}, {"start": "00:28:11", "end": "00:28:16", "text": "we're getting far too much good news in"}, {"start": "00:28:14", "end": "00:28:19", "text": "the crypto space not that I don't like"}, {"start": "00:28:16", "end": "00:28:21", "text": "it it's just a bit bizarre when we keep"}, {"start": "00:28:19", "end": "00:28:24", "text": "hearing uh how much attent like good"}, {"start": "00:28:21", "end": "00:28:26", "text": "attention is being paid to the market uh"}, {"start": "00:28:24", "end": "00:28:28", "text": "how much money is flowing into crypto"}, {"start": "00:28:26", "end": "00:28:30", "text": "where people are expecting prices to go"}, {"start": "00:28:28", "end": "00:28:33", "text": "most of This is is quite normal"}, {"start": "00:28:30", "end": "00:28:35", "text": "regarding actual market cycles and"}, {"start": "00:28:33", "end": "00:28:37", "text": "things like that, but as I stated"}, {"start": "00:28:35", "end": "00:28:38", "text": "before, this one feels a bit different."}, {"start": "00:28:37", "end": "00:28:41", "text": "The only way that we're going to be able"}, {"start": "00:28:38", "end": "00:28:44", "text": "to see or know is in the future, which"}, {"start": "00:28:41", "end": "00:28:47", "text": "is quite frustrating, at least to me."}, {"start": "00:28:44", "end": "00:28:51", "text": "Uh, but by the time we get to 2029, all"}, {"start": "00:28:47", "end": "00:28:55", "text": "will be clear in some sort of way. But"}, {"start": "00:28:51", "end": "00:28:58", "text": "it does kind of feel like um"}, {"start": "00:28:55", "end": "00:29:00", "text": "I don't know may maybe it's just my neck"}, {"start": "00:28:58", "end": "00:29:03", "text": "of the woods. Are you all also having"}, {"start": "00:29:00", "end": "00:29:05", "text": "conversations with people who you know"}, {"start": "00:29:03", "end": "00:29:06", "text": "about like the stock market crashing? I"}, {"start": "00:29:05", "end": "00:29:08", "text": "have a lot of friends who like I"}, {"start": "00:29:06", "end": "00:29:10", "text": "mentioned before who are really into"}, {"start": "00:29:08", "end": "00:29:12", "text": "real estate and real estate prices"}, {"start": "00:29:10", "end": "00:29:16", "text": "across the board have kind of like"}, {"start": "00:29:12", "end": "00:29:18", "text": "dipped a bit which I personally am happy"}, {"start": "00:29:16", "end": "00:29:21", "text": "about cuz if I can accumulate something"}, {"start": "00:29:18", "end": "00:29:24", "text": "cheaper I'm going to be there. But uh"}, {"start": "00:29:21", "end": "00:29:26", "text": "for crypto, for an inflation, for"}, {"start": "00:29:24", "end": "00:29:28", "text": "interest rates, there's no real going"}, {"start": "00:29:26", "end": "00:29:30", "text": "back. Crypto is like already like out of"}, {"start": "00:29:28", "end": "00:29:33", "text": "the box. Like everyone knows what it is."}, {"start": "00:29:30", "end": "00:29:36", "text": "It's only going to get more people in"}, {"start": "00:29:33", "end": "00:29:38", "text": "the space. We can't really turn back"}, {"start": "00:29:36", "end": "00:29:40", "text": "inflation. They're not going to destroy"}, {"start": "00:29:38", "end": "00:29:44", "text": "trillions of dollars to make, you know,"}, {"start": "00:29:40", "end": "00:29:47", "text": "make the dollar stronger. But um I don't"}, {"start": "00:29:44", "end": "00:29:49", "text": "know. Okay. Well, that's the"}, {"start": "00:29:47", "end": "00:29:51", "text": "that's the stuff that goes through my"}, {"start": "00:29:49", "end": "00:29:54", "text": "head. I hope you've all enjoyed. I hope"}, {"start": "00:29:51", "end": "00:29:57", "text": "you're all doing well. Oh, my back. Oh,"}, {"start": "00:29:54", "end": "00:29:59", "text": "I sat up properly. Oh, that's awful. Why"}, {"start": "00:29:57", "end": "00:30:03", "text": "was I sitting like that? Jeez Louise."}, {"start": "00:29:59", "end": "00:30:06", "text": "Um, don't forget to invest if you can"}, {"start": "00:30:03", "end": "00:30:09", "text": "every single day. If not, then once a"}, {"start": "00:30:06", "end": "00:30:12", "text": "week, make sure you are buying some kind"}, {"start": "00:30:09", "end": "00:30:13", "text": "of an asset. I do hope you've all"}, {"start": "00:30:12", "end": "00:30:15", "text": "enjoyed. Hope you all are having a great"}, {"start": "00:30:13", "end": "00:30:17", "text": "day. morning, afternoon, evening,"}, {"start": "00:30:15", "end": "00:30:19", "text": "wherever you are, wherever you might be."}, {"start": "00:30:17", "end": "00:30:20", "text": "I do hope that it is absolutely"}, {"start": "00:30:19", "end": "00:30:22", "text": "fantastic."}, {"start": "00:30:20", "end": "00:30:24", "text": "Thank you all once again for watching,"}, {"start": "00:30:22", "end": "00:30:27", "text": "listening, liking, commenting, and"}, {"start": "00:30:24", "end": "00:30:32", "text": "supporting. And I will most certainly be"}, {"start": "00:30:27", "end": "00:30:32", "text": "talking to you all soon."}, {"start": "00:30:32", "end": "00:30:35", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "I mean, at this point, if we can be"}, {"start": "00:00:04", "end": "00:00:10", "text": "completely honest with ourselves, it"}, {"start": "00:00:06", "end": "00:00:13", "text": "feels like we've crossed over into some"}, {"start": "00:00:10", "end": "00:00:16", "text": "kind of uh threshold for the"}, {"start": "00:00:13", "end": "00:00:19", "text": "cryptocurrency market, especially with"}, {"start": "00:00:16", "end": "00:00:22", "text": "all the news that we've been getting in"}, {"start": "00:00:19", "end": "00:00:25", "text": "a very short period of time about"}, {"start": "00:00:22", "end": "00:00:28", "text": "accumulation, about prices going higher."}, {"start": "00:00:25", "end": "00:00:32", "text": "Uh we're also still getting these"}, {"start": "00:00:28", "end": "00:00:36", "text": "dramatic dramatic price predictions for"}, {"start": "00:00:32", "end": "00:00:39", "text": "XRP and Bitcoin uh as to what's supposed"}, {"start": "00:00:36", "end": "00:00:42", "text": "to happen to the cryptocurrency market"}, {"start": "00:00:39", "end": "00:00:45", "text": "by the end of the year. And obviously"}, {"start": "00:00:42", "end": "00:00:47", "text": "it's making a lot of people very very"}, {"start": "00:00:45", "end": "00:00:48", "text": "very"}, {"start": "00:00:47", "end": "00:00:51", "text": "excited."}, {"start": "00:00:48", "end": "00:00:57", "text": "Hello everybody."}, {"start": "00:00:51", "end": "00:00:59", "text": "Welcome back for another video."}, {"start": "00:00:57", "end": "00:01:02", "text": "Hope you're all doing well. Hope you're"}, {"start": "00:00:59", "end": "00:01:05", "text": "all having a great day and that you're"}, {"start": "00:01:02", "end": "00:01:08", "text": "doing absolutely fantastic."}, {"start": "00:01:05", "end": "00:01:14", "text": "Very big thank you to Livioc"}, {"start": "00:01:08", "end": "00:01:19", "text": "FT Clown Lyall Austin Xander the Greek"}, {"start": "00:01:14", "end": "00:01:22", "text": "Gypsy Queen Trent Jackson Gilboa Snake"}, {"start": "00:01:19", "end": "00:01:27", "text": "and Finley Bass. gargantuan. Thank you"}, {"start": "00:01:22", "end": "00:01:29", "text": "to all of my Patreon supporters."}, {"start": "00:01:27", "end": "00:01:32", "text": "Don't forget to leave a like. Don't"}, {"start": "00:01:29", "end": "00:01:35", "text": "forget to leave a comment on the video."}, {"start": "00:01:32", "end": "00:01:40", "text": "It helps out the algorithm a lot."}, {"start": "00:01:35", "end": "00:01:44", "text": "Without any ado, that is further, let's"}, {"start": "00:01:40", "end": "00:01:48", "text": "jump right into it."}, {"start": "00:01:44", "end": "00:01:51", "text": "There is a lot of a lot of positive"}, {"start": "00:01:48", "end": "00:01:54", "text": "energy. That's that's good, right? A lot"}, {"start": "00:01:51", "end": "00:01:57", "text": "of positive energy flowing through the"}, {"start": "00:01:54", "end": "00:01:59", "text": "cryptocurrency space. I saw a news"}, {"start": "00:01:57", "end": "00:02:02", "text": "story, I think one or two days ago. I"}, {"start": "00:01:59", "end": "00:02:06", "text": "think there were outflows from uh a"}, {"start": "00:02:02", "end": "00:02:08", "text": "Bitcoin ETF. I don't remember which one."}, {"start": "00:02:06", "end": "00:02:10", "text": "And and I I I could smell it in the"}, {"start": "00:02:08", "end": "00:02:12", "text": "article. They were so desperate to try"}, {"start": "00:02:10", "end": "00:02:15", "text": "and make people terrified of everything"}, {"start": "00:02:12", "end": "00:02:18", "text": "that's happening. And if you haven't"}, {"start": "00:02:15", "end": "00:02:22", "text": "been seeing, there's a lot of discussion"}, {"start": "00:02:18", "end": "00:02:25", "text": "right now uh revolving around interest"}, {"start": "00:02:22", "end": "00:02:27", "text": "rates and debt levels. If you if you've"}, {"start": "00:02:25", "end": "00:02:30", "text": "somehow managed to miss this news,"}, {"start": "00:02:27", "end": "00:02:31", "text": "you're you're a wizard. I I don't know"}, {"start": "00:02:30", "end": "00:02:35", "text": "what you are, but you're you're"}, {"start": "00:02:31", "end": "00:02:37", "text": "something just because um it seems to be"}, {"start": "00:02:35", "end": "00:02:39", "text": "like the main focal point. And we've"}, {"start": "00:02:37", "end": "00:02:41", "text": "been talking about this for like the"}, {"start": "00:02:39", "end": "00:02:45", "text": "last two years or so in the crypto"}, {"start": "00:02:41", "end": "00:02:47", "text": "space. There's been this mantra, this"}, {"start": "00:02:45", "end": "00:02:50", "text": "energy"}, {"start": "00:02:47", "end": "00:02:53", "text": "around the idea of the old system"}, {"start": "00:02:50", "end": "00:02:57", "text": "collapsing in some form or manner. You"}, {"start": "00:02:53", "end": "00:03:00", "text": "might be noticing far more billionaires"}, {"start": "00:02:57", "end": "00:03:04", "text": "in the news recently who are talking"}, {"start": "00:03:00", "end": "00:03:08", "text": "negatively about AI. Uh there are rumors"}, {"start": "00:03:04", "end": "00:03:10", "text": "that the AI market might be in a bubble."}, {"start": "00:03:08", "end": "00:03:13", "text": "A lot of these companies have not been"}, {"start": "00:03:10", "end": "00:03:16", "text": "able to provide returns and will not"}, {"start": "00:03:13", "end": "00:03:18", "text": "probably ever be able to do so. A number"}, {"start": "00:03:16", "end": "00:03:20", "text": "of AI data centers are no longer being"}, {"start": "00:03:18", "end": "00:03:24", "text": "built. I was talking about this recently"}, {"start": "00:03:20", "end": "00:03:26", "text": "as well. Uh was a guy Sam Alman was on a"}, {"start": "00:03:24", "end": "00:03:28", "text": "panel. I mean you can Google this and"}, {"start": "00:03:26", "end": "00:03:30", "text": "find it. Sam Alultman was recently on a"}, {"start": "00:03:28", "end": "00:03:34", "text": "panel and discussing about like the"}, {"start": "00:03:30", "end": "00:03:36", "text": "profitability of AI and I swear to"}, {"start": "00:03:34", "end": "00:03:39", "text": "goodness and he said something along the"}, {"start": "00:03:36", "end": "00:03:41", "text": "lines of yeah it's not profitable now"}, {"start": "00:03:39", "end": "00:03:45", "text": "and we're hoping"}, {"start": "00:03:41", "end": "00:03:47", "text": "we're hoping by 2030 that AI has become"}, {"start": "00:03:45", "end": "00:03:50", "text": "so good that it can teach us how to make"}, {"start": "00:03:47", "end": "00:03:52", "text": "it profitable. I'm not joking. You can"}, {"start": "00:03:50", "end": "00:03:55", "text": "like find it find it on the interwebs."}, {"start": "00:03:52", "end": "00:03:58", "text": "So, if you haven't been watching any"}, {"start": "00:03:55", "end": "00:04:01", "text": "kind of financial news, this is why"}, {"start": "00:03:58", "end": "00:04:04", "text": "you're seeing so many CEOs uh step"}, {"start": "00:04:01", "end": "00:04:07", "text": "forward and being like, \"Yeah, you know,"}, {"start": "00:04:04", "end": "00:04:08", "text": "we're expecting a decline.\" There are"}, {"start": "00:04:07", "end": "00:04:13", "text": "rumors,"}, {"start": "00:04:08", "end": "00:04:17", "text": "theories going around that uh the US"}, {"start": "00:04:13", "end": "00:04:20", "text": "because AI is so intricately interwoven"}, {"start": "00:04:17", "end": "00:04:22", "text": "into the financial sector right now like"}, {"start": "00:04:20", "end": "00:04:26", "text": "this is why the stock market keeps"}, {"start": "00:04:22", "end": "00:04:30", "text": "pumping that if that fails the US might"}, {"start": "00:04:26", "end": "00:04:32", "text": "be forced to print around $2 trillion to"}, {"start": "00:04:30", "end": "00:04:35", "text": "be able to keep the stock market up and"}, {"start": "00:04:32", "end": "00:04:37", "text": "try to keep things looking relatively"}, {"start": "00:04:35", "end": "00:04:41", "text": "normal. As you might have imagined, this"}, {"start": "00:04:37", "end": "00:04:44", "text": "has caused dollar signs in the eyes of"}, {"start": "00:04:41", "end": "00:04:47", "text": "many within the crypto space. Tom Lee,"}, {"start": "00:04:44", "end": "00:04:49", "text": "what's this guy's name? Papa the the the"}, {"start": "00:04:47", "end": "00:04:52", "text": "the uh"}, {"start": "00:04:49", "end": "00:04:54", "text": "Isaac Hayes, Aaron Hayes, Michael Hayes,"}, {"start": "00:04:52", "end": "00:04:57", "text": "the guy whose name is Hayes, and a"}, {"start": "00:04:54", "end": "00:05:00", "text": "couple other people the last few weeks"}, {"start": "00:04:57", "end": "00:05:03", "text": "have been sprinkling news in the crypto"}, {"start": "00:05:00", "end": "00:05:07", "text": "market about how they believe that the"}, {"start": "00:05:03", "end": "00:05:10", "text": "AI bubble uh a is going to pop and that"}, {"start": "00:05:07", "end": "00:05:12", "text": "b the money from the AI sector would"}, {"start": "00:05:10", "end": "00:05:14", "text": "simply move into the crypto market over"}, {"start": "00:05:12", "end": "00:05:16", "text": "the course of our bull run that it"}, {"start": "00:05:14", "end": "00:05:19", "text": "would, you know, benefit benefit us"}, {"start": "00:05:16", "end": "00:05:21", "text": "greatly. So, this is why partially we"}, {"start": "00:05:19", "end": "00:05:22", "text": "keep hearing about these companies who"}, {"start": "00:05:21", "end": "00:05:23", "text": "are buying more crypto and they're"}, {"start": "00:05:22", "end": "00:05:26", "text": "getting into it and everyone is kind of"}, {"start": "00:05:23", "end": "00:05:28", "text": "whispering that the US dollar doesn't"}, {"start": "00:05:26", "end": "00:05:33", "text": "have much longer and it's only going to"}, {"start": "00:05:28", "end": "00:05:36", "text": "continue to fail. Uh the lowest"}, {"start": "00:05:33", "end": "00:05:41", "text": "price prediction for Bitcoin that we've"}, {"start": "00:05:36", "end": "00:05:44", "text": "received, I think was like 450,000."}, {"start": "00:05:41", "end": "00:05:46", "text": "It was somewhere around that number. by"}, {"start": "00:05:44", "end": "00:05:48", "text": "the year 2029/2030."}, {"start": "00:05:46", "end": "00:05:52", "text": "They seem to be melding into the same"}, {"start": "00:05:48", "end": "00:05:56", "text": "exact year uh price-wise and the highest"}, {"start": "00:05:52", "end": "00:05:59", "text": "obviously has been uh a million. So you"}, {"start": "00:05:56", "end": "00:06:01", "text": "and I are currently on the question mark"}, {"start": "00:05:59", "end": "00:06:03", "text": "train. What comes next? Where are things"}, {"start": "00:06:01", "end": "00:06:05", "text": "going? What's going to happen to the"}, {"start": "00:06:03", "end": "00:06:07", "text": "crypto market? What is happening to"}, {"start": "00:06:05", "end": "00:06:09", "text": "these price predictions that you and I"}, {"start": "00:06:07", "end": "00:06:11", "text": "have been hearing about for the"}, {"start": "00:06:09", "end": "00:06:14", "text": "cryptocurrency space uh since the"}, {"start": "00:06:11", "end": "00:06:16", "text": "beginning of this year? What's going to"}, {"start": "00:06:14", "end": "00:06:19", "text": "happen to interest rates? What's the Fed"}, {"start": "00:06:16", "end": "00:06:22", "text": "going to do? Uh will world conflicts"}, {"start": "00:06:19", "end": "00:06:24", "text": "cease? Probably not. And this is why the"}, {"start": "00:06:22", "end": "00:06:27", "text": "price of petrol continues to go a lot"}, {"start": "00:06:24", "end": "00:06:29", "text": "higher. There's"}, {"start": "00:06:27", "end": "00:06:32", "text": "far too much. That's the that's the term"}, {"start": "00:06:29", "end": "00:06:37", "text": "I'll use. There's far too much happening"}, {"start": "00:06:32", "end": "00:06:39", "text": "in a very, very, very short period of"}, {"start": "00:06:37", "end": "00:06:42", "text": "time. However,"}, {"start": "00:06:39", "end": "00:06:44", "text": "here to save the day, the moment I saw"}, {"start": "00:06:42", "end": "00:06:46", "text": "this, I was like, I know that this is"}, {"start": "00:06:44", "end": "00:06:49", "text": "like the highlight of a lot of people's"}, {"start": "00:06:46", "end": "00:06:52", "text": "weeks. I like I just I just I just know"}, {"start": "00:06:49", "end": "00:06:55", "text": "it. For those of you not looking at the"}, {"start": "00:06:52", "end": "00:06:59", "text": "screen,"}, {"start": "00:06:55", "end": "00:07:03", "text": "Micro Strategy has purchased another $21"}, {"start": "00:06:59", "end": "00:07:08", "text": "million worth of Bitcoin. It says, \"As"}, {"start": "00:07:03", "end": "00:07:12", "text": "their accumulation streak rolls on,"}, {"start": "00:07:08", "end": "00:07:14", "text": "people act like this is the coolest and"}, {"start": "00:07:12", "end": "00:07:17", "text": "most awesomest thing they've ever heard"}, {"start": "00:07:14", "end": "00:07:19", "text": "of. And I still don't understand why."}, {"start": "00:07:17", "end": "00:07:22", "text": "Micro Strategy has been purchasing"}, {"start": "00:07:19", "end": "00:07:24", "text": "Bitcoin for it. It must be it must be"}, {"start": "00:07:22", "end": "00:07:26", "text": "over two years at this point. It must be"}, {"start": "00:07:24", "end": "00:07:28", "text": "I I I don't think it's less than two"}, {"start": "00:07:26", "end": "00:07:31", "text": "years now. And in the beginning, a lot"}, {"start": "00:07:28", "end": "00:07:33", "text": "of people"}, {"start": "00:07:31", "end": "00:07:36", "text": "saw what they were doing, but it wasn't"}, {"start": "00:07:33", "end": "00:07:38", "text": "like fan favorite news. At some point,"}, {"start": "00:07:36", "end": "00:07:40", "text": "they began to throw billions of dollars"}, {"start": "00:07:38", "end": "00:07:42", "text": "into the cryptocurrency market. And"}, {"start": "00:07:40", "end": "00:07:45", "text": "that's what sticks in people's minds."}, {"start": "00:07:42", "end": "00:07:47", "text": "It's not the uh overextending. It's not"}, {"start": "00:07:45", "end": "00:07:48", "text": "the billions of dollars in debt. It is"}, {"start": "00:07:47", "end": "00:07:51", "text": "the idea that this one company has a"}, {"start": "00:07:48", "end": "00:07:53", "text": "gargantuan amount of Bitcoin. Sometime"}, {"start": "00:07:51", "end": "00:07:56", "text": "around early summer, they basically went"}, {"start": "00:07:53", "end": "00:08:00", "text": "oopsie and we found out that their debt"}, {"start": "00:07:56", "end": "00:08:02", "text": "had 60 billion"}, {"start": "00:08:00", "end": "00:08:03", "text": "$60 billion worth of debt had caught up"}, {"start": "00:08:02", "end": "00:08:05", "text": "to them and their investors weren't too"}, {"start": "00:08:03", "end": "00:08:07", "text": "happy. So, they sold off some Bitcoin,"}, {"start": "00:08:05", "end": "00:08:10", "text": "which also no one talks about anymore."}, {"start": "00:08:07", "end": "00:08:12", "text": "And since then, Micro Strategy,"}, {"start": "00:08:10", "end": "00:08:15", "text": "it feels"}, {"start": "00:08:12", "end": "00:08:18", "text": "it feels every other weekly is back to"}, {"start": "00:08:15", "end": "00:08:21", "text": "buying Bitcoin. But when they do, so for"}, {"start": "00:08:18", "end": "00:08:24", "text": "those of you who don't know, the the the"}, {"start": "00:08:21", "end": "00:08:27", "text": "mysticism around Micro Strategy is that"}, {"start": "00:08:24", "end": "00:08:28", "text": "previously"}, {"start": "00:08:27", "end": "00:08:31", "text": "whenever they would buy Bitcoin,"}, {"start": "00:08:28", "end": "00:08:34", "text": "Bitcoin's price would go up. Now, hear"}, {"start": "00:08:31", "end": "00:08:37", "text": "me out here because I have a a much"}, {"start": "00:08:34", "end": "00:08:39", "text": "better theory. A lot of times rather all"}, {"start": "00:08:37", "end": "00:08:42", "text": "the time whenever we hear that Micro"}, {"start": "00:08:39", "end": "00:08:46", "text": "Strategy has purchased Bitcoin it's"}, {"start": "00:08:42", "end": "00:08:50", "text": "always in past tense. So they will tell"}, {"start": "00:08:46", "end": "00:08:51", "text": "us a week ago we purchased a billion"}, {"start": "00:08:50", "end": "00:08:53", "text": "dollars worth of Bitcoin. This is what"}, {"start": "00:08:51", "end": "00:08:56", "text": "they used to announce like they know big"}, {"start": "00:08:53", "end": "00:08:58", "text": "big big big purchases. Um, and people"}, {"start": "00:08:56", "end": "00:09:02", "text": "would then go, so like you would hear it"}, {"start": "00:08:58", "end": "00:09:04", "text": "on a Monday that last Tuesday, 6 days"}, {"start": "00:09:02", "end": "00:09:06", "text": "before they had purchased some Bitcoin"}, {"start": "00:09:04", "end": "00:09:08", "text": "and then people would look at the charts"}, {"start": "00:09:06", "end": "00:09:10", "text": "and see that the price didn't move from"}, {"start": "00:09:08", "end": "00:09:12", "text": "their billion dollar purchase. But when"}, {"start": "00:09:10", "end": "00:09:14", "text": "they announced it on Twitter, the price"}, {"start": "00:09:12", "end": "00:09:16", "text": "of Bitcoin would go up by around 2% on"}, {"start": "00:09:14", "end": "00:09:19", "text": "that day."}, {"start": "00:09:16", "end": "00:09:21", "text": "My theory is that uh this has been going"}, {"start": "00:09:19", "end": "00:09:24", "text": "on since 2024."}, {"start": "00:09:21", "end": "00:09:26", "text": "The more likely cause is that those"}, {"start": "00:09:24", "end": "00:09:30", "text": "pumps were just and I use the word"}, {"start": "00:09:26", "end": "00:09:32", "text": "organic in this sense. Uh while you got"}, {"start": "00:09:30", "end": "00:09:34", "text": "excited about the micro strategy"}, {"start": "00:09:32", "end": "00:09:36", "text": "purchased uh there were ETFs and"}, {"start": "00:09:34", "end": "00:09:38", "text": "companies around the world who were"}, {"start": "00:09:36", "end": "00:09:41", "text": "purchasing like a billion dollars every"}, {"start": "00:09:38", "end": "00:09:43", "text": "couple of days worth of Bitcoin and that"}, {"start": "00:09:41", "end": "00:09:46", "text": "probably equated to the actual movement"}, {"start": "00:09:43", "end": "00:09:50", "text": "up in price as opposed to the purchase"}, {"start": "00:09:46", "end": "00:09:51", "text": "that they did a week before. Anyway, so"}, {"start": "00:09:50", "end": "00:09:54", "text": "yes, Micro Strategy has purchased"}, {"start": "00:09:51", "end": "00:09:58", "text": "another $21 million worth of Bitcoin."}, {"start": "00:09:54", "end": "00:10:01", "text": "Uh, everyone once again the idea behind"}, {"start": "00:09:58", "end": "00:10:04", "text": "it is that when previously they"}, {"start": "00:10:01", "end": "00:10:06", "text": "purchased Bitcoin, the price would go"}, {"start": "00:10:04", "end": "00:10:09", "text": "up. So people when they hear that Micro"}, {"start": "00:10:06", "end": "00:10:12", "text": "Strategy has bought more Bitcoin, their"}, {"start": "00:10:09", "end": "00:10:14", "text": "mind connects the two and go, \"Okay, the"}, {"start": "00:10:12", "end": "00:10:18", "text": "price is definitely going up today.\""}, {"start": "00:10:14", "end": "00:10:21", "text": "Which is no longer necessarily the case."}, {"start": "00:10:18", "end": "00:10:24", "text": "Michael Sailor's Micro Strategy has"}, {"start": "00:10:21", "end": "00:10:28", "text": "expanded its Bitcoin treasury. They now"}, {"start": "00:10:24", "end": "00:10:28", "text": "have 848,250"}, {"start": "00:10:30", "end": "00:10:34", "text": "Bitcoin after acquiring another 2450"}, {"start": "00:10:33", "end": "00:10:39", "text": "[snorts]"}, {"start": "00:10:34", "end": "00:10:42", "text": "BTC for approximately 21.5 million. The"}, {"start": "00:10:39", "end": "00:10:46", "text": "purchase disclosed on Mahund followed"}, {"start": "00:10:42", "end": "00:10:49", "text": "Sailor's Sunday teaser about adding more"}, {"start": "00:10:46", "end": "00:10:53", "text": "Bitcoin. strategy also repurchased $192"}, {"start": "00:10:49", "end": "00:10:56", "text": "million of their STRC preferred stock"}, {"start": "00:10:53", "end": "00:10:58", "text": "while its combined US dollar reserves"}, {"start": "00:10:56", "end": "00:11:01", "text": "and cash holdings stood at approximately"}, {"start": "00:10:58", "end": "00:11:03", "text": "5.5 billion. For those of you who don't"}, {"start": "00:11:01", "end": "00:11:05", "text": "understand the the the discussion around"}, {"start": "00:11:03", "end": "00:11:08", "text": "their stock, uh that's because they're"}, {"start": "00:11:05", "end": "00:11:10", "text": "trying to show investors that they are"}, {"start": "00:11:08", "end": "00:11:13", "text": "fiscally responsible. And as a company,"}, {"start": "00:11:10", "end": "00:11:15", "text": "you would normally only purchase back"}, {"start": "00:11:13", "end": "00:11:17", "text": "your own stock when you were trying to"}, {"start": "00:11:15", "end": "00:11:19", "text": "show that you are expecting prices to go"}, {"start": "00:11:17", "end": "00:11:20", "text": "higher and therefore the valuation of"}, {"start": "00:11:19", "end": "00:11:22", "text": "your company to go up. So you purchase"}, {"start": "00:11:20", "end": "00:11:24", "text": "the stocks to basically say, \"Hey, you"}, {"start": "00:11:22", "end": "00:11:26", "text": "know, we know we're going to do well."}, {"start": "00:11:24", "end": "00:11:28", "text": "Now all of you start buying as well, so"}, {"start": "00:11:26", "end": "00:11:30", "text": "you can see how well we're going to do"}, {"start": "00:11:28", "end": "00:11:32", "text": "well.\" Um, and they have to build up"}, {"start": "00:11:30", "end": "00:11:36", "text": "their cash holdings"}, {"start": "00:11:32", "end": "00:11:39", "text": "because they're $60 billion in debt."}, {"start": "00:11:36", "end": "00:11:42", "text": "And the 5 billion is used to help them"}, {"start": "00:11:39", "end": "00:11:45", "text": "pay for their 12%"}, {"start": "00:11:42", "end": "00:11:45", "text": "dividend"}, {"start": "00:11:45", "end": "00:11:50", "text": "that they have on their stock. So yes,"}, {"start": "00:11:48", "end": "00:11:52", "text": "um, like I said, I knew the moment I saw"}, {"start": "00:11:50", "end": "00:11:55", "text": "it. The moment it walked into the room,"}, {"start": "00:11:52", "end": "00:12:00", "text": "I knew. Love at first sight. Uh, so many"}, {"start": "00:11:55", "end": "00:12:03", "text": "people love Micro Strategy News. Um,"}, {"start": "00:12:00", "end": "00:12:06", "text": "I have my own opinions."}, {"start": "00:12:03", "end": "00:12:09", "text": "Wow. Awesome. One company holding"}, {"start": "00:12:06", "end": "00:12:10", "text": "848,250"}, {"start": "00:12:09", "end": "00:12:12", "text": "Bitcoin."}, {"start": "00:12:10", "end": "00:12:14", "text": "Nothing can go wrong there, right? It's"}, {"start": "00:12:12", "end": "00:12:19", "text": "not like they've ever sold before. That"}, {"start": "00:12:14", "end": "00:12:22", "text": "that that would be crazy."}, {"start": "00:12:19", "end": "00:12:25", "text": "Okie dokie."}, {"start": "00:12:22", "end": "00:12:27", "text": "Let's move on."}, {"start": "00:12:25", "end": "00:12:31", "text": "Also in the news, for those of you not"}, {"start": "00:12:27", "end": "00:12:37", "text": "looking at the screen, it says JP Morgan"}, {"start": "00:12:31", "end": "00:12:41", "text": "Chase estimates that 50 billion US has"}, {"start": "00:12:37", "end": "00:12:44", "text": "flowed into crypto this year as ETF"}, {"start": "00:12:41", "end": "00:12:48", "text": "demand recovers."}, {"start": "00:12:44", "end": "00:12:50", "text": "ETF demand was never low or or had"}, {"start": "00:12:48", "end": "00:12:54", "text": "disappeared."}, {"start": "00:12:50", "end": "00:12:58", "text": "It was simply uh we you and I us we had"}, {"start": "00:12:54", "end": "00:13:01", "text": "gotten used to in 2024 to hearing about"}, {"start": "00:12:58", "end": "00:13:04", "text": "1 billion worth of inflows relatively"}, {"start": "00:13:01", "end": "00:13:07", "text": "monthly 1.2 1.3 billion you know just"}, {"start": "00:13:04", "end": "00:13:08", "text": "just just chump change you know"}, {"start": "00:13:07", "end": "00:13:12", "text": "something to have inside the pocket."}, {"start": "00:13:08", "end": "00:13:14", "text": "[snorts] Um but since then a lot of the"}, {"start": "00:13:12", "end": "00:13:18", "text": "accumulation levels especially with the"}, {"start": "00:13:14", "end": "00:13:21", "text": "cryptocurrency market dropping last"}, {"start": "00:13:18", "end": "00:13:24", "text": "October. Yeah. Yeah. Yeah. It was last"}, {"start": "00:13:21", "end": "00:13:27", "text": "October 2025."}, {"start": "00:13:24", "end": "00:13:29", "text": "The numbers had dropped to around 23"}, {"start": "00:13:27", "end": "00:13:32", "text": "million per day."}, {"start": "00:13:29", "end": "00:13:36", "text": "150 million per week. You know just once"}, {"start": "00:13:32", "end": "00:13:41", "text": "again very low numbers. But"}, {"start": "00:13:36", "end": "00:13:41", "text": "as we are technically"}, {"start": "00:13:41", "end": "00:13:46", "text": "officially"}, {"start": "00:13:43", "end": "00:13:48", "text": "uh back in the bull market, the bull run"}, {"start": "00:13:46", "end": "00:13:51", "text": "for the cryptocurrency space, uh"}, {"start": "00:13:48", "end": "00:13:54", "text": "institutions have begun to buy up lavish"}, {"start": "00:13:51", "end": "00:13:57", "text": "amounts of crypto all over again. So the"}, {"start": "00:13:54", "end": "00:14:00", "text": "50 billion isn't"}, {"start": "00:13:57", "end": "00:14:03", "text": "surprising. It's a lot, but it's it's"}, {"start": "00:14:00", "end": "00:14:07", "text": "something that was to be expected. If"}, {"start": "00:14:03", "end": "00:14:11", "text": "you have somehow missed a lot of the"}, {"start": "00:14:07", "end": "00:14:14", "text": "accumulation news as well, uh there are"}, {"start": "00:14:11", "end": "00:14:16", "text": "billions"}, {"start": "00:14:14", "end": "00:14:21", "text": "billions of XRP being taken off of"}, {"start": "00:14:16", "end": "00:14:25", "text": "exchanges every day. There are hundreds"}, {"start": "00:14:21", "end": "00:14:27", "text": "of millions of dollars worth of Bitcoin"}, {"start": "00:14:25", "end": "00:14:29", "text": "uh leaving exchanges all the time."}, {"start": "00:14:27", "end": "00:14:32", "text": "There's billions of dollars worth of"}, {"start": "00:14:29", "end": "00:14:35", "text": "Bitcoin uh ETF inflows"}, {"start": "00:14:32", "end": "00:14:37", "text": "as as well. Same exact thing with the"}, {"start": "00:14:35", "end": "00:14:40", "text": "amount of Ethereum on exchanges. Like"}, {"start": "00:14:37", "end": "00:14:45", "text": "everything, you know, mathematically is"}, {"start": "00:14:40", "end": "00:14:47", "text": "is is looking pretty awesome. So there's"}, {"start": "00:14:45", "end": "00:14:48", "text": "always and and I think people just do it"}, {"start": "00:14:47", "end": "00:14:50", "text": "for"}, {"start": "00:14:48", "end": "00:14:53", "text": "I almost said for the LOLs. I'm I'm not"}, {"start": "00:14:50", "end": "00:14:55", "text": "even joking. This idea of like outflows"}, {"start": "00:14:53", "end": "00:14:57", "text": "and how sad it is and how scared we"}, {"start": "00:14:55", "end": "00:14:59", "text": "should all be. No, the institutions are"}, {"start": "00:14:57", "end": "00:15:02", "text": "here. They haven't stopped buying."}, {"start": "00:14:59", "end": "00:15:04", "text": "They're not going to stop buying. Every"}, {"start": "00:15:02", "end": "00:15:06", "text": "time that someone sells Bitcoin,"}, {"start": "00:15:04", "end": "00:15:10", "text": "Ethereum, XRP, or Salana, it gets bought"}, {"start": "00:15:06", "end": "00:15:13", "text": "up. There was just an uh another article"}, {"start": "00:15:10", "end": "00:15:16", "text": "I saw and I I know. Anyway, I'm not"}, {"start": "00:15:13", "end": "00:15:17", "text": "going to name names, but um someone was"}, {"start": "00:15:16", "end": "00:15:19", "text": "talking about it and they were like,"}, {"start": "00:15:17", "end": "00:15:20", "text": "\"Isn't this fantastic?\" And I was like,"}, {"start": "00:15:19", "end": "00:15:22", "text": "\"Dude, I've been I've been going over"}, {"start": "00:15:20", "end": "00:15:23", "text": "that for months, but people are"}, {"start": "00:15:22", "end": "00:15:27", "text": "pretending like they just figured this"}, {"start": "00:15:23", "end": "00:15:30", "text": "crap out.\" um the amount. So, normally"}, {"start": "00:15:27", "end": "00:15:32", "text": "during any kind of bare market, a time"}, {"start": "00:15:30", "end": "00:15:35", "text": "period where we would see lower"}, {"start": "00:15:32", "end": "00:15:37", "text": "cryptocurrency prices, Bitcoin tends,"}, {"start": "00:15:35", "end": "00:15:40", "text": "I've gone over this before, you've heard"}, {"start": "00:15:37", "end": "00:15:46", "text": "me say this, Bitcoin tends to fall by"}, {"start": "00:15:40", "end": "00:15:48", "text": "around 80 85% in price, price collapses."}, {"start": "00:15:46", "end": "00:15:49", "text": "Same with altcoins, they fall by 90 to"}, {"start": "00:15:48", "end": "00:15:53", "text": "99%."}, {"start": "00:15:49", "end": "00:15:55", "text": "Bitcoin fell by nearly approximately"}, {"start": "00:15:53", "end": "00:15:58", "text": "550%"}, {"start": "00:15:55", "end": "00:16:00", "text": "over the course of this bare market. And"}, {"start": "00:15:58", "end": "00:16:01", "text": "a lot of people I'm I'm not joking. The"}, {"start": "00:16:00", "end": "00:16:03", "text": "last couple of days I've seen so many"}, {"start": "00:16:01", "end": "00:16:04", "text": "people being like, \"Isn't that amazing?"}, {"start": "00:16:03", "end": "00:16:07", "text": "How did that happen?\" And I'm like,"}, {"start": "00:16:04", "end": "00:16:12", "text": "\"Because we've had news that no one goes"}, {"start": "00:16:07", "end": "00:16:15", "text": "over that every single time that people"}, {"start": "00:16:12", "end": "00:16:16", "text": "sold their crypto, it was bought up.\" Do"}, {"start": "00:16:15", "end": "00:16:18", "text": "you remember how many times at the"}, {"start": "00:16:16", "end": "00:16:20", "text": "beginning of this year and around spring"}, {"start": "00:16:18", "end": "00:16:22", "text": "that we had news that like retail"}, {"start": "00:16:20", "end": "00:16:25", "text": "investors were leaving the market?"}, {"start": "00:16:22", "end": "00:16:26", "text": "Retail investors keep selling, retail"}, {"start": "00:16:25", "end": "00:16:29", "text": "got rid of their crypto. And then we"}, {"start": "00:16:26", "end": "00:16:32", "text": "kept on hearing like the next day after"}, {"start": "00:16:29", "end": "00:16:35", "text": "that article $114 million worth of"}, {"start": "00:16:32", "end": "00:16:37", "text": "Bitcoin was purchased, $85 million worth"}, {"start": "00:16:35", "end": "00:16:39", "text": "of XRP was purchased in one day. And"}, {"start": "00:16:37", "end": "00:16:42", "text": "it's like, yeah, cuz they're buying up"}, {"start": "00:16:39", "end": "00:16:45", "text": "all the gosh darn coins. So, yes, of"}, {"start": "00:16:42", "end": "00:16:48", "text": "course, there were $50 billion dollar"}, {"start": "00:16:45", "end": "00:16:50", "text": "worth of inflows into cryptocurrency"}, {"start": "00:16:48", "end": "00:16:53", "text": "ETFs this year. I'm I'm shocked that the"}, {"start": "00:16:50", "end": "00:16:55", "text": "number actually isn't higher. And it's"}, {"start": "00:16:53", "end": "00:16:56", "text": "not higher because other people are just"}, {"start": "00:16:55", "end": "00:16:58", "text": "buying spot."}, {"start": "00:16:56", "end": "00:17:00", "text": "They're literally just buying and"}, {"start": "00:16:58", "end": "00:17:02", "text": "putting it into like individual wallets,"}, {"start": "00:17:00", "end": "00:17:05", "text": "which we've also had tons of news about"}, {"start": "00:17:02", "end": "00:17:08", "text": "as well. So, yeah. Any single time I"}, {"start": "00:17:05", "end": "00:17:10", "text": "see, this is a personal thing. Anytime I"}, {"start": "00:17:08", "end": "00:17:12", "text": "like go over like cryptocurrency news"}, {"start": "00:17:10", "end": "00:17:14", "text": "and I see something that is clearly"}, {"start": "00:17:12", "end": "00:17:17", "text": "meant to like"}, {"start": "00:17:14", "end": "00:17:18", "text": "scare me or us, I always just dig a bit"}, {"start": "00:17:17", "end": "00:17:20", "text": "deeper and I'm like, \"Yeah, you you"}, {"start": "00:17:18", "end": "00:17:22", "text": "wrote this cuz you're I believe I think"}, {"start": "00:17:20", "end": "00:17:24", "text": "I think a lot of times people are"}, {"start": "00:17:22", "end": "00:17:26", "text": "writing negative articles and things"}, {"start": "00:17:24", "end": "00:17:30", "text": "like that cuz they want the market to go"}, {"start": "00:17:26", "end": "00:17:32", "text": "lower for their own uh accumulation"}, {"start": "00:17:30", "end": "00:17:35", "text": "schemes that they have going on.\" Anywh"}, {"start": "00:17:32", "end": "00:17:39", "text": "who, yes, of course. And I assume that"}, {"start": "00:17:35", "end": "00:17:43", "text": "number will be a lot higher especially"}, {"start": "00:17:39", "end": "00:17:47", "text": "if we actually uh see some pumping up in"}, {"start": "00:17:43", "end": "00:17:51", "text": "prices for crypto uh by the end of this"}, {"start": "00:17:47", "end": "00:17:59", "text": "year. That's the JP Morgan $50 billion"}, {"start": "00:17:51", "end": "00:18:02", "text": "US into crypto ETFs news. And yeah,"}, {"start": "00:17:59", "end": "00:18:02", "text": "let's move on."}, {"start": "00:18:03", "end": "00:18:10", "text": "All righty. Uh, so for those of you not"}, {"start": "00:18:06", "end": "00:18:10", "text": "looking at the screen,"}, {"start": "00:18:11", "end": "00:18:17", "text": "um,"}, {"start": "00:18:13", "end": "00:18:20", "text": "Charles Hoskinson is back in the news."}, {"start": "00:18:17", "end": "00:18:24", "text": "Um, and it says, and I quote, Hoskinson"}, {"start": "00:18:20", "end": "00:18:27", "text": "says, \"I am not accountable for Cardano"}, {"start": "00:18:24", "end": "00:18:30", "text": "adoption.\" Uh, he declares, \"The"}, {"start": "00:18:27", "end": "00:18:32", "text": "founders of Cardano are not slaves.\" Uh,"}, {"start": "00:18:30", "end": "00:18:33", "text": "let me let me paint you a little"}, {"start": "00:18:32", "end": "00:18:37", "text": "picture."}, {"start": "00:18:33", "end": "00:18:40", "text": "A number of years ago, um, someone"}, {"start": "00:18:37", "end": "00:18:42", "text": "jokingly created Dogecoin"}, {"start": "00:18:40", "end": "00:18:44", "text": "and he said he created it jokingly"}, {"start": "00:18:42", "end": "00:18:46", "text": "because he wanted to make fun of the"}, {"start": "00:18:44", "end": "00:18:49", "text": "cryptocurrency market and not, you know,"}, {"start": "00:18:46", "end": "00:18:51", "text": "not have it be too serious. At some"}, {"start": "00:18:49", "end": "00:18:54", "text": "point, he decided to like leave the"}, {"start": "00:18:51", "end": "00:18:56", "text": "cryptocurrency space. So, he said,"}, {"start": "00:18:54", "end": "00:18:59", "text": "because Dogecoin began to have like"}, {"start": "00:18:56", "end": "00:19:01", "text": "monetary value. It was still like less"}, {"start": "00:18:59", "end": "00:19:02", "text": "than cents, like literally less than a"}, {"start": "00:19:01", "end": "00:19:04", "text": "penny. but he was like, \"No, I don't"}, {"start": "00:19:02", "end": "00:19:06", "text": "want to be a part of this.\" Until I"}, {"start": "00:19:04", "end": "00:19:07", "text": "think like a year or he he's he's back"}, {"start": "00:19:06", "end": "00:19:08", "text": "in the crypto space. For those of you"}, {"start": "00:19:07", "end": "00:19:10", "text": "who don't know, the guy who created"}, {"start": "00:19:08", "end": "00:19:11", "text": "Dogecoin"}, {"start": "00:19:10", "end": "00:19:15", "text": "uh"}, {"start": "00:19:11", "end": "00:19:19", "text": "is just kind of permanently on Twitter."}, {"start": "00:19:15", "end": "00:19:22", "text": "Um and then we had someone named Charlie"}, {"start": "00:19:19", "end": "00:19:25", "text": "Lee. That name might ring a bell."}, {"start": "00:19:22", "end": "00:19:27", "text": "Charlie Lee is the creator of Litecoin."}, {"start": "00:19:25", "end": "00:19:29", "text": "I believe he's the brother of Tom Lee if"}, {"start": "00:19:27", "end": "00:19:32", "text": "I'm not mistaken either. And basically,"}, {"start": "00:19:29", "end": "00:19:34", "text": "Litecoin was created as the silver to"}, {"start": "00:19:32", "end": "00:19:35", "text": "Bitcoin's gold. And the idea for"}, {"start": "00:19:34", "end": "00:19:39", "text": "Litecoin is that it would be an"}, {"start": "00:19:35", "end": "00:19:41", "text": "alternative to Bitcoin and a test net,"}, {"start": "00:19:39", "end": "00:19:45", "text": "if you will, for if Bitcoin had to"}, {"start": "00:19:41", "end": "00:19:47", "text": "undergo upgrades. At some point, um"}, {"start": "00:19:45", "end": "00:19:49", "text": "Charlie, this is a real story. Charlie"}, {"start": "00:19:47", "end": "00:19:52", "text": "Lee would wake up some mornings, as we"}, {"start": "00:19:49", "end": "00:19:54", "text": "all do, and he'd be quite grumpy and he"}, {"start": "00:19:52", "end": "00:19:56", "text": "would write on his Twitter, you know,"}, {"start": "00:19:54", "end": "00:19:57", "text": "not having a good day, didn't sleep that"}, {"start": "00:19:56", "end": "00:20:00", "text": "well. you know what would happen to"}, {"start": "00:19:57", "end": "00:20:01", "text": "Litecoin's price? It would go down"}, {"start": "00:20:00", "end": "00:20:04", "text": "because people thought that something,"}, {"start": "00:20:01", "end": "00:20:07", "text": "you know, was was the matter. He would"}, {"start": "00:20:04", "end": "00:20:09", "text": "write some days, I slept great, just had"}, {"start": "00:20:07", "end": "00:20:12", "text": "a wonderful meeting and about to go to"}, {"start": "00:20:09", "end": "00:20:14", "text": "dinner with some friends. That post"}, {"start": "00:20:12", "end": "00:20:16", "text": "would get tons of hearts and then"}, {"start": "00:20:14", "end": "00:20:18", "text": "subsequently he would all like the the"}, {"start": "00:20:16", "end": "00:20:20", "text": "price of Litecoin would also go up. So"}, {"start": "00:20:18", "end": "00:20:23", "text": "Charlie Lee one day decided and said out"}, {"start": "00:20:20", "end": "00:20:26", "text": "loud, I am going to step away from the"}, {"start": "00:20:23", "end": "00:20:28", "text": "project just basically because I don't"}, {"start": "00:20:26", "end": "00:20:31", "text": "want to have some kind of an influence"}, {"start": "00:20:28", "end": "00:20:32", "text": "on all of you for the price. If I didn't"}, {"start": "00:20:31", "end": "00:20:34", "text": "sleep well, the price of the coin"}, {"start": "00:20:32", "end": "00:20:37", "text": "shouldn't go down. The the fundamentals"}, {"start": "00:20:34", "end": "00:20:40", "text": "haven't changed."}, {"start": "00:20:37", "end": "00:20:42", "text": "This was a a topic of discussion years"}, {"start": "00:20:40", "end": "00:20:45", "text": "ago that no one seems to be following"}, {"start": "00:20:42", "end": "00:20:47", "text": "anymore because uh Vitalic Buterine also"}, {"start": "00:20:45", "end": "00:20:50", "text": "stated many years ago that he planned on"}, {"start": "00:20:47", "end": "00:20:52", "text": "stepping away from u Ethereum and I"}, {"start": "00:20:50", "end": "00:20:54", "text": "don't think he ever will. That's that"}, {"start": "00:20:52", "end": "00:20:57", "text": "that's just a person I think he'll be"}, {"start": "00:20:54", "end": "00:21:00", "text": "there for quite some time. And then uh"}, {"start": "00:20:57", "end": "00:21:04", "text": "years ago, Charles Hoskinson also threw"}, {"start": "00:21:00", "end": "00:21:06", "text": "his Cardano into the ring and said that"}, {"start": "00:21:04", "end": "00:21:08", "text": "at some point he planned on also kind of"}, {"start": "00:21:06", "end": "00:21:10", "text": "like backing away. This this has to do"}, {"start": "00:21:08", "end": "00:21:12", "text": "with the idea of like proper"}, {"start": "00:21:10", "end": "00:21:15", "text": "decentralization. You want to make sure"}, {"start": "00:21:12", "end": "00:21:17", "text": "that you do not"}, {"start": "00:21:15", "end": "00:21:20", "text": "influence or have a way to move the"}, {"start": "00:21:17", "end": "00:21:22", "text": "price based off of what you are saying"}, {"start": "00:21:20", "end": "00:21:25", "text": "and how you are acting."}, {"start": "00:21:22", "end": "00:21:27", "text": "The issue has been for quite some time"}, {"start": "00:21:25", "end": "00:21:30", "text": "if you've followed this channel or just"}, {"start": "00:21:27", "end": "00:21:34", "text": "any kind of news. Uh Charles Hoskinson"}, {"start": "00:21:30", "end": "00:21:37", "text": "has a very strong history of uh going"}, {"start": "00:21:34", "end": "00:21:40", "text": "onto YouTube making a video and uh"}, {"start": "00:21:37", "end": "00:21:42", "text": "calling people names. And that's not me"}, {"start": "00:21:40", "end": "00:21:44", "text": "making that up. Once again, anything I"}, {"start": "00:21:42", "end": "00:21:48", "text": "say that sounds ridiculous, you can"}, {"start": "00:21:44", "end": "00:21:51", "text": "Google it. There was a point where"}, {"start": "00:21:48", "end": "00:21:54", "text": "remember years ago I was like I think"}, {"start": "00:21:51", "end": "00:21:56", "text": "Cardono would thrive. What would cause"}, {"start": "00:21:54", "end": "00:21:57", "text": "it to thrive is if it had like a new"}, {"start": "00:21:56", "end": "00:21:59", "text": "face if there were you know three or"}, {"start": "00:21:57", "end": "00:22:01", "text": "four new people who kind of became like"}, {"start": "00:21:59", "end": "00:22:03", "text": "the ambassadors of Cardono who went"}, {"start": "00:22:01", "end": "00:22:05", "text": "around and you know spoke to people and"}, {"start": "00:22:03", "end": "00:22:08", "text": "communities and companies as opposed to"}, {"start": "00:22:05", "end": "00:22:10", "text": "just Hoskinson because when you get to"}, {"start": "00:22:08", "end": "00:22:12", "text": "the point where it's just one person"}, {"start": "00:22:10", "end": "00:22:14", "text": "people begin to look up to that just one"}, {"start": "00:22:12", "end": "00:22:15", "text": "person."}, {"start": "00:22:14", "end": "00:22:18", "text": "This is part of the mysticism of of"}, {"start": "00:22:15", "end": "00:22:20", "text": "Satoshi Nakamoto. We don't know who he"}, {"start": "00:22:18", "end": "00:22:22", "text": "is, who they are, where they might be,"}, {"start": "00:22:20", "end": "00:22:24", "text": "how many people created the coin, but"}, {"start": "00:22:22", "end": "00:22:26", "text": "they exist as this like shadowy figure."}, {"start": "00:22:24", "end": "00:22:28", "text": "So, when people make like statues of"}, {"start": "00:22:26", "end": "00:22:30", "text": "them, if you if you haven't seen these"}, {"start": "00:22:28", "end": "00:22:32", "text": "Satoshi Nakamoto statues, they're always"}, {"start": "00:22:30", "end": "00:22:34", "text": "like someone with like a hoodie on and"}, {"start": "00:22:32", "end": "00:22:35", "text": "their face is obfiscated and you just"}, {"start": "00:22:34", "end": "00:22:37", "text": "can't see them like you like you know"}, {"start": "00:22:35", "end": "00:22:41", "text": "it's Satoshi, but we don't know what"}, {"start": "00:22:37", "end": "00:22:45", "text": "Satoshi looks like. for uh Cardano. That"}, {"start": "00:22:41", "end": "00:22:47", "text": "is a a major topic of discussion. Namely"}, {"start": "00:22:45", "end": "00:22:50", "text": "because uh previously before Charles"}, {"start": "00:22:47", "end": "00:22:52", "text": "Hoskinson said he doesn't like Ethereum,"}, {"start": "00:22:50", "end": "00:22:55", "text": "people who use Ethereum are X Y and Zed."}, {"start": "00:22:52", "end": "00:22:57", "text": "He doesn't like XRP. He can't stand XRP."}, {"start": "00:22:55", "end": "00:22:59", "text": "People who are into XRP are AB and C."}, {"start": "00:22:57", "end": "00:23:02", "text": "And it's kind of gone on over and over"}, {"start": "00:22:59", "end": "00:23:04", "text": "and over and over and over. So when you"}, {"start": "00:23:02", "end": "00:23:06", "text": "are quite impassioned, when you are"}, {"start": "00:23:04", "end": "00:23:09", "text": "quite a a a figurehead, if you are a"}, {"start": "00:23:06", "end": "00:23:10", "text": "billionaire who created a coin who has"}, {"start": "00:23:09", "end": "00:23:13", "text": "not stepped away from the project,"}, {"start": "00:23:10", "end": "00:23:16", "text": "people are going to look up to you. It's"}, {"start": "00:23:13", "end": "00:23:19", "text": "it's just complete logicness, not a"}, {"start": "00:23:16", "end": "00:23:22", "text": "word, but it makes sense here. So over"}, {"start": "00:23:19", "end": "00:23:24", "text": "the years um Charles Hoskinson after"}, {"start": "00:23:22", "end": "00:23:26", "text": "saying that he planned on stepping away"}, {"start": "00:23:24", "end": "00:23:29", "text": "became quite active on Twitter and it"}, {"start": "00:23:26", "end": "00:23:30", "text": "became quite active on YouTube basically"}, {"start": "00:23:29", "end": "00:23:32", "text": "telling every you might remember at the"}, {"start": "00:23:30", "end": "00:23:35", "text": "beginning of the year you can also find"}, {"start": "00:23:32", "end": "00:23:37", "text": "this Charles Hoskinson I want to say"}, {"start": "00:23:35", "end": "00:23:38", "text": "March March sticks out in my head I"}, {"start": "00:23:37", "end": "00:23:40", "text": "don't know if it's in March but I'm"}, {"start": "00:23:38", "end": "00:23:43", "text": "saying March Charles [snorts] Hoskinson"}, {"start": "00:23:40", "end": "00:23:46", "text": "said something like he was asking people"}, {"start": "00:23:43", "end": "00:23:48", "text": "to use Cardano he was like the the"}, {"start": "00:23:46", "end": "00:23:51", "text": "network won't succeed unless you use"}, {"start": "00:23:48", "end": "00:23:53", "text": "Cardano like someone has to use it and"}, {"start": "00:23:51", "end": "00:23:55", "text": "he was telling people to build on it and"}, {"start": "00:23:53", "end": "00:23:58", "text": "do all these other things. The reason"}, {"start": "00:23:55", "end": "00:24:00", "text": "why many other cryptocurrency projects"}, {"start": "00:23:58", "end": "00:24:02", "text": "tend to have like some popularity is"}, {"start": "00:24:00", "end": "00:24:06", "text": "because most people don't have to be"}, {"start": "00:24:02", "end": "00:24:08", "text": "told to do that even as far as Vitalic"}, {"start": "00:24:06", "end": "00:24:10", "text": "is popular and wellknown in the space."}, {"start": "00:24:08", "end": "00:24:13", "text": "Same exact thing with Joseph Luben."}, {"start": "00:24:10", "end": "00:24:15", "text": "They're not actively campaigning andor"}, {"start": "00:24:13", "end": "00:24:17", "text": "telling people that they should be"}, {"start": "00:24:15", "end": "00:24:19", "text": "building on top of Ethereum. the"}, {"start": "00:24:17", "end": "00:24:21", "text": "building just simply happens. It's the"}, {"start": "00:24:19", "end": "00:24:25", "text": "same exact thing when you get news about"}, {"start": "00:24:21", "end": "00:24:27", "text": "XRP. A lot of the news isn't Ripple"}, {"start": "00:24:25", "end": "00:24:29", "text": "telling banks, \"Please, please use us."}, {"start": "00:24:27", "end": "00:24:31", "text": "Can you get no like if you go to the"}, {"start": "00:24:29", "end": "00:24:33", "text": "website and just click like it just"}, {"start": "00:24:31", "end": "00:24:34", "text": "simply as far as we understand"}, {"start": "00:24:33", "end": "00:24:37", "text": "organically happening as we're having"}, {"start": "00:24:34", "end": "00:24:40", "text": "discussions about tokenization and many"}, {"start": "00:24:37", "end": "00:24:43", "text": "other things.\" So because these people"}, {"start": "00:24:40", "end": "00:24:46", "text": "have not stepped away from the Cardano"}, {"start": "00:24:43", "end": "00:24:48", "text": "project, they've become like the figure"}, {"start": "00:24:46", "end": "00:24:50", "text": "head. When you talk about Cardano, you"}, {"start": "00:24:48", "end": "00:24:53", "text": "talk about Hoskinson. When you talk"}, {"start": "00:24:50", "end": "00:24:54", "text": "about XRP, you don't necessarily jump to"}, {"start": "00:24:53", "end": "00:24:58", "text": "Garlinghouse. When you talk about"}, {"start": "00:24:54", "end": "00:25:01", "text": "Bitcoin, your next sentence isn't about"}, {"start": "00:24:58", "end": "00:25:04", "text": "uh Satoshi. When you talk about Salana,"}, {"start": "00:25:01", "end": "00:25:05", "text": "you don't talk about any. You"}, {"start": "00:25:04", "end": "00:25:09", "text": "understand?"}, {"start": "00:25:05", "end": "00:25:13", "text": "So, um, this year, this year, this year,"}, {"start": "00:25:09", "end": "00:25:18", "text": "this year, this year, there's been an"}, {"start": "00:25:13", "end": "00:25:20", "text": "incredible surge of adoption."}, {"start": "00:25:18", "end": "00:25:22", "text": "We haven't had a normal amount of"}, {"start": "00:25:20", "end": "00:25:25", "text": "adoption in the crypto space. It's"}, {"start": "00:25:22", "end": "00:25:28", "text": "actually been earthshakingly insane."}, {"start": "00:25:25", "end": "00:25:31", "text": "We've had a monumental amount of new"}, {"start": "00:25:28", "end": "00:25:34", "text": "cryptocurrency ETFs being launched."}, {"start": "00:25:31", "end": "00:25:36", "text": "We've heard from BlackRock and Fidelity"}, {"start": "00:25:34", "end": "00:25:39", "text": "and Morgan Stanley and Goldman Sachs and"}, {"start": "00:25:36", "end": "00:25:42", "text": "Visa and Mastercard who all announced"}, {"start": "00:25:39", "end": "00:25:45", "text": "that they are using Bitcoin and Ethereum"}, {"start": "00:25:42", "end": "00:25:47", "text": "and Polygon and Algarand and Salana and"}, {"start": "00:25:45", "end": "00:25:49", "text": "XRP."}, {"start": "00:25:47", "end": "00:25:51", "text": "One coin is constantly missing from this"}, {"start": "00:25:49", "end": "00:25:54", "text": "discussion as you and I have been going"}, {"start": "00:25:51", "end": "00:25:57", "text": "over for a while. The issue is is that"}, {"start": "00:25:54", "end": "00:25:59", "text": "Cardano works. That's the problem."}, {"start": "00:25:57", "end": "00:26:02", "text": "Cardano actively works, but it would"}, {"start": "00:25:59", "end": "00:26:04", "text": "appear, at least to us outsiders, that"}, {"start": "00:26:02", "end": "00:26:07", "text": "no one wants to actually use the"}, {"start": "00:26:04", "end": "00:26:10", "text": "project. So, as you and I have been"}, {"start": "00:26:07", "end": "00:26:15", "text": "going over as well, what typically needs"}, {"start": "00:26:10", "end": "00:26:18", "text": "to happen is some kind of envoy needs to"}, {"start": "00:26:15", "end": "00:26:22", "text": "be sent around and they are like the"}, {"start": "00:26:18", "end": "00:26:22", "text": "figure head and voice for said coin."}, {"start": "00:26:22", "end": "00:26:28", "text": "Everyone see where I'm going? So, as we"}, {"start": "00:26:25", "end": "00:26:31", "text": "have heard a tremendous amount of news"}, {"start": "00:26:28", "end": "00:26:33", "text": "about XRP, as we continue to hear that"}, {"start": "00:26:31", "end": "00:26:35", "text": "the richest people on the planet are"}, {"start": "00:26:33", "end": "00:26:36", "text": "buying up all the Bitcoin, as we keep"}, {"start": "00:26:35", "end": "00:26:40", "text": "hearing that Salana, people are"}, {"start": "00:26:36", "end": "00:26:43", "text": "expecting a $1,000 Salana, a lot of"}, {"start": "00:26:40", "end": "00:26:45", "text": "people who are holding Cardano have kind"}, {"start": "00:26:43", "end": "00:26:49", "text": "of come forward and they don't know"}, {"start": "00:26:45", "end": "00:26:51", "text": "where to go. Who do you complain to when"}, {"start": "00:26:49", "end": "00:26:53", "text": "your coin that you are holding is not"}, {"start": "00:26:51", "end": "00:26:55", "text": "being adopted?"}, {"start": "00:26:53", "end": "00:26:59", "text": "You go to the person who's making"}, {"start": "00:26:55", "end": "00:27:02", "text": "YouTube videos all the time, the person"}, {"start": "00:26:59", "end": "00:27:04", "text": "who's constantly writing on Twitter all"}, {"start": "00:27:02", "end": "00:27:05", "text": "the time about that project and how much"}, {"start": "00:27:04", "end": "00:27:08", "text": "better it is than other projects and how"}, {"start": "00:27:05", "end": "00:27:11", "text": "other projects are garbage."}, {"start": "00:27:08", "end": "00:27:15", "text": "So, a lot of people from Cardano this"}, {"start": "00:27:11", "end": "00:27:17", "text": "year have uh been openly discussing"}, {"start": "00:27:15", "end": "00:27:19", "text": "their idea and they're like, \"We need"}, {"start": "00:27:17", "end": "00:27:21", "text": "more adoption for Cardano because a"}, {"start": "00:27:19", "end": "00:27:24", "text": "Cardano works. Cardono like is a"}, {"start": "00:27:21", "end": "00:27:26", "text": "blockchain that actively works like the"}, {"start": "00:27:24", "end": "00:27:28", "text": "like it has had no downtime. It hasn't"}, {"start": "00:27:26", "end": "00:27:30", "text": "been hacked. It's done exceptionally"}, {"start": "00:27:28", "end": "00:27:32", "text": "well for itself except for the fact that"}, {"start": "00:27:30", "end": "00:27:34", "text": "it doesn't have a lot of adoption. So"}, {"start": "00:27:32", "end": "00:27:38", "text": "then people going forward and trying to"}, {"start": "00:27:34", "end": "00:27:40", "text": "figure out who do I talk to? It must be"}, {"start": "00:27:38", "end": "00:27:42", "text": "Hoskinson because he is the figure head"}, {"start": "00:27:40", "end": "00:27:46", "text": "for this coin. people don't go and write"}, {"start": "00:27:42", "end": "00:27:49", "text": "on Vitalik's Twitter and say, \"Hey, we"}, {"start": "00:27:46", "end": "00:27:52", "text": "need more adoption.\""}, {"start": "00:27:49", "end": "00:27:54", "text": "And then basically uh the answer to that"}, {"start": "00:27:52", "end": "00:27:57", "text": "was no."}, {"start": "00:27:54", "end": "00:28:00", "text": "It says, and I quote, \"I'm not"}, {"start": "00:27:57", "end": "00:28:01", "text": "accountable for Cardano adoption.\""}, {"start": "00:28:00", "end": "00:28:04", "text": "See, I gave you the whole story. Now you"}, {"start": "00:28:01", "end": "00:28:08", "text": "understand everything. It's It's been a"}, {"start": "00:28:04", "end": "00:28:10", "text": "a very interesting ride, and I and I"}, {"start": "00:28:08", "end": "00:28:12", "text": "don't know what is to come of it. You"}, {"start": "00:28:10", "end": "00:28:17", "text": "might remember at the beginning of this"}, {"start": "00:28:12", "end": "00:28:18", "text": "year as well, there was like a big"}, {"start": "00:28:17", "end": "00:28:20", "text": "amount of energy, that's the only word I"}, {"start": "00:28:18", "end": "00:28:24", "text": "can find,"}, {"start": "00:28:20", "end": "00:28:27", "text": "where you and I heard that apparently uh"}, {"start": "00:28:24", "end": "00:28:32", "text": "Cardano was going to integrate itself"}, {"start": "00:28:27", "end": "00:28:35", "text": "with the XRP ledger to start uh minting"}, {"start": "00:28:32", "end": "00:28:36", "text": "creating uh Ripple's stable coin. And"}, {"start": "00:28:35", "end": "00:28:41", "text": "then we also heard that Cardano was"}, {"start": "00:28:36", "end": "00:28:43", "text": "going to be a place for XRP DeFi."}, {"start": "00:28:41", "end": "00:28:45", "text": "None of that has transpired. We also"}, {"start": "00:28:43", "end": "00:28:48", "text": "heard the beginning of this year that"}, {"start": "00:28:45", "end": "00:28:51", "text": "Cardano would be used and and and I say"}, {"start": "00:28:48", "end": "00:28:53", "text": "it from what I remember. I remember at"}, {"start": "00:28:51", "end": "00:28:55", "text": "the beginning of this year hearing this"}, {"start": "00:28:53", "end": "00:28:58", "text": "news and assuming that it would be"}, {"start": "00:28:55", "end": "00:29:00", "text": "coming out in 2026 because you would not"}, {"start": "00:28:58", "end": "00:29:02", "text": "announce this news for something that"}, {"start": "00:29:00", "end": "00:29:05", "text": "you were planning on doing 3 4 5 6 7 8 9"}, {"start": "00:29:02", "end": "00:29:08", "text": "years down the line."}, {"start": "00:29:05", "end": "00:29:10", "text": "We also heard that Cardano was going to,"}, {"start": "00:29:08", "end": "00:29:15", "text": "I think, be the place"}, {"start": "00:29:10", "end": "00:29:16", "text": "uh for uh Bitcoin DeFi as well. You'd be"}, {"start": "00:29:15", "end": "00:29:18", "text": "able to wrap up your Bitcoin, put it"}, {"start": "00:29:16", "end": "00:29:20", "text": "into Cardano, and do all the cool DeFi"}, {"start": "00:29:18", "end": "00:29:22", "text": "stuff. Haven't heard a word. The most"}, {"start": "00:29:20", "end": "00:29:25", "text": "we've heard from Cardano this year is"}, {"start": "00:29:22", "end": "00:29:27", "text": "like 18 different upgrades. There"}, {"start": "00:29:25", "end": "00:29:29", "text": "there's Midnight, there there's Past"}, {"start": "00:29:27", "end": "00:29:31", "text": "Morning, uh what are the other weird"}, {"start": "00:29:29", "end": "00:29:33", "text": "names that they have? They also"}, {"start": "00:29:31", "end": "00:29:35", "text": "announced that they're going to be"}, {"start": "00:29:33", "end": "00:29:37", "text": "releasing a brand new road map, the"}, {"start": "00:29:35", "end": "00:29:40", "text": "thing that made them popular back in"}, {"start": "00:29:37", "end": "00:29:40", "text": "2018"}, {"start": "00:29:40", "end": "00:29:44", "text": "as a new way to basically say, \"Hey, oh,"}, {"start": "00:29:42", "end": "00:29:47", "text": "you know, actually, you know, we're"}, {"start": "00:29:44", "end": "00:29:48", "text": "going to be doing even cooler stuff over"}, {"start": "00:29:47", "end": "00:29:50", "text": "the next 5 years. Look at this new road"}, {"start": "00:29:48", "end": "00:29:54", "text": "map.\" And then by the end of the five"}, {"start": "00:29:50", "end": "00:29:57", "text": "years, Cardano is at $1,000 per coin."}, {"start": "00:29:54", "end": "00:30:00", "text": "So, I don't know what's going to save"}, {"start": "00:29:57", "end": "00:30:02", "text": "this project. As [snorts] I mentioned,"}, {"start": "00:30:00", "end": "00:30:04", "text": "it works. The easiest thing to do, the"}, {"start": "00:30:02", "end": "00:30:08", "text": "easiest thing to do, the easiest thing"}, {"start": "00:30:04", "end": "00:30:11", "text": "to do would be for similar to every"}, {"start": "00:30:08", "end": "00:30:14", "text": "other cryptocurrency project"}, {"start": "00:30:11", "end": "00:30:17", "text": "is for Hoskinson not to step down, just"}, {"start": "00:30:14", "end": "00:30:21", "text": "literally go go on vacation, like go to"}, {"start": "00:30:17", "end": "00:30:24", "text": "an island. You are extremely wealthy."}, {"start": "00:30:21", "end": "00:30:26", "text": "Get a yacht, go to Monaco, and just"}, {"start": "00:30:24", "end": "00:30:28", "text": "relax and and live out the next couple"}, {"start": "00:30:26", "end": "00:30:31", "text": "of years there."}, {"start": "00:30:28", "end": "00:30:33", "text": "get new ambassadors for Cardano, brand"}, {"start": "00:30:31", "end": "00:30:35", "text": "new faces, brand new talent, brand new"}, {"start": "00:30:33", "end": "00:30:37", "text": "people who know the infrastructure who"}, {"start": "00:30:35", "end": "00:30:39", "text": "then like,"}, {"start": "00:30:37", "end": "00:30:41", "text": "you know, they they they go to these"}, {"start": "00:30:39", "end": "00:30:44", "text": "meetings, they go to these seminars."}, {"start": "00:30:41", "end": "00:30:47", "text": "It's similar to there was a um there was"}, {"start": "00:30:44", "end": "00:30:50", "text": "a vote on the on the Cardano ecosystem"}, {"start": "00:30:47", "end": "00:30:51", "text": "on their blockchain uh for funding. If"}, {"start": "00:30:50", "end": "00:30:54", "text": "you missed it, this was sometime early"}, {"start": "00:30:51", "end": "00:30:55", "text": "summer. uh they were trying they they"}, {"start": "00:30:54", "end": "00:30:58", "text": "wanted to throw some kind of like an"}, {"start": "00:30:55", "end": "00:30:59", "text": "event for Cardano but because Cardano"}, {"start": "00:30:58", "end": "00:31:03", "text": "hasn't been performing well the"}, {"start": "00:30:59", "end": "00:31:07", "text": "community said no"}, {"start": "00:31:03", "end": "00:31:07", "text": "so the funding never happened."}, {"start": "00:31:08", "end": "00:31:14", "text": "I think three or four new people who go"}, {"start": "00:31:12", "end": "00:31:16", "text": "onto the news channels to talk about"}, {"start": "00:31:14", "end": "00:31:18", "text": "Cardano to go and like spread the word I"}, {"start": "00:31:16", "end": "00:31:20", "text": "think that would save it. Like I I'm not"}, {"start": "00:31:18", "end": "00:31:23", "text": "even joking because the problem is"}, {"start": "00:31:20", "end": "00:31:25", "text": "Cardano's not IOTA. Cardano is not like"}, {"start": "00:31:23", "end": "00:31:28", "text": "any other chain that just kind of like"}, {"start": "00:31:25", "end": "00:31:29", "text": "fizzled out. Cardano actually works. But"}, {"start": "00:31:28", "end": "00:31:31", "text": "the only time that Cardano is in the"}, {"start": "00:31:29", "end": "00:31:32", "text": "news is if they're announcing an upgrade"}, {"start": "00:31:31", "end": "00:31:34", "text": "that no one asked for. If they're"}, {"start": "00:31:32", "end": "00:31:36", "text": "talking about this is going on or"}, {"start": "00:31:34", "end": "00:31:37", "text": "Hoskinson is in the news because he said"}, {"start": "00:31:36", "end": "00:31:40", "text": "something negative about some other"}, {"start": "00:31:37", "end": "00:31:43", "text": "chain and it's like that's not h that's"}, {"start": "00:31:40", "end": "00:31:46", "text": "not how you make friends. So"}, {"start": "00:31:43", "end": "00:31:50", "text": "anywh who um as you might have imagined"}, {"start": "00:31:46", "end": "00:31:51", "text": "this was quite big news. Um"}, {"start": "00:31:50", "end": "00:31:55", "text": "so"}, {"start": "00:31:51", "end": "00:31:58", "text": "yeah, let's um"}, {"start": "00:31:55", "end": "00:31:59", "text": "let's see what happens."}, {"start": "00:31:58", "end": "00:32:02", "text": "Well everyone,"}, {"start": "00:31:59", "end": "00:32:05", "text": "I think that's going to do it for this"}, {"start": "00:32:02", "end": "00:32:07", "text": "video. I hope you're all doing well. I"}, {"start": "00:32:05", "end": "00:32:09", "text": "hope that you are all having a great"}, {"start": "00:32:07", "end": "00:32:10", "text": "day, morning, afternoon, evening,"}, {"start": "00:32:09", "end": "00:32:13", "text": "wherever you are, wherever you might be."}, {"start": "00:32:10", "end": "00:32:15", "text": "I do hope it's absolutely fantastic."}, {"start": "00:32:13", "end": "00:32:16", "text": "Thank you all once again for watching,"}, {"start": "00:32:15", "end": "00:32:19", "text": "listening, liking, commenting, and"}, {"start": "00:32:16", "end": "00:32:22", "text": "supporting. And I will most certainly be"}, {"start": "00:32:19", "end": "00:32:26", "text": "talking to you all soon."}, {"start": "00:32:22", "end": "00:32:26", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:10", "text": "Hey everybody."}, {"start": "00:00:04", "end": "00:00:13", "text": "Welcome back for another video."}, {"start": "00:00:10", "end": "00:00:14", "text": "Hope you're all doing well. Hope you're"}, {"start": "00:00:13", "end": "00:00:16", "text": "Oh, there's something in my eye. Hope"}, {"start": "00:00:14", "end": "00:00:18", "text": "there. Oh gosh. Hope you're all doing"}, {"start": "00:00:16", "end": "00:00:21", "text": "great [snorts] and that you're all"}, {"start": "00:00:18", "end": "00:00:24", "text": "having an absolutely fantastic"}, {"start": "00:00:21", "end": "00:00:26", "text": "day. Oh gosh, what is that? Very big"}, {"start": "00:00:24", "end": "00:00:31", "text": "thank you. Not that look with one eye."}, {"start": "00:00:26", "end": "00:00:34", "text": "Very big thank you to Livio C, FT Clown,"}, {"start": "00:00:31", "end": "00:00:37", "text": "Lyall, Austin, Alec, Xander the Greek,"}, {"start": "00:00:34", "end": "00:00:41", "text": "Gypsy Queen, Trent Jackson, Gilboa"}, {"start": "00:00:37", "end": "00:00:44", "text": "Snake, and Finley Bass. Oo, hold on."}, {"start": "00:00:41", "end": "00:00:46", "text": "Hold on. Uh, my eyes. A very big thank"}, {"start": "00:00:44", "end": "00:00:50", "text": "you. [laughter]"}, {"start": "00:00:46", "end": "00:00:52", "text": "Not joking. What happened? Very, it just"}, {"start": "00:00:50", "end": "00:00:54", "text": "started right now. Very big thank you to"}, {"start": "00:00:52", "end": "00:00:56", "text": "my Patreon"}, {"start": "00:00:54", "end": "00:01:00", "text": "supporters. A very big thank you to"}, {"start": "00:00:56", "end": "00:01:03", "text": "everyone who supports the channel. For"}, {"start": "00:01:00", "end": "00:01:07", "text": "those of you looking to learn more about"}, {"start": "00:01:03", "end": "00:01:11", "text": "crypto, about Ripple, about XRP, I"}, {"start": "00:01:07", "end": "00:01:13", "text": "published a book. It is called The XRP"}, {"start": "00:01:11", "end": "00:01:15", "text": "Effect."}, {"start": "00:01:13", "end": "00:01:19", "text": "For those of you looking to learn more,"}, {"start": "00:01:15", "end": "00:01:22", "text": "there are links in the description below"}, {"start": "00:01:19", "end": "00:01:24", "text": "this video. Okay, my eyes not my eyes"}, {"start": "00:01:22", "end": "00:01:26", "text": "not hurting anymore. That that feels a"}, {"start": "00:01:24", "end": "00:01:27", "text": "lot better. Woo. Uh, welcome back"}, {"start": "00:01:26", "end": "00:01:29", "text": "everyone."}, {"start": "00:01:27", "end": "00:01:31", "text": "I have no idea what happened. How are"}, {"start": "00:01:29", "end": "00:01:34", "text": "you? How's life? What are you investing"}, {"start": "00:01:31", "end": "00:01:39", "text": "in? What are you buying? What have you"}, {"start": "00:01:34", "end": "00:01:43", "text": "been uh looking towards theirs?"}, {"start": "00:01:39", "end": "00:01:45", "text": "Um, h how can I be as honest with you as"}, {"start": "00:01:43", "end": "00:01:48", "text": "possible?"}, {"start": "00:01:45", "end": "00:01:50", "text": "I would also love to know what's going"}, {"start": "00:01:48", "end": "00:01:55", "text": "on."}, {"start": "00:01:50", "end": "00:01:59", "text": "There's a very very very [snorts] very"}, {"start": "00:01:55", "end": "00:02:01", "text": "weird pattern right now of everyone"}, {"start": "00:01:59", "end": "00:02:07", "text": "being on the same page. You need to"}, {"start": "00:02:01", "end": "00:02:10", "text": "understand how impossible that is."}, {"start": "00:02:07", "end": "00:02:11", "text": "If you and a hundred of your friends, a"}, {"start": "00:02:10", "end": "00:02:14", "text": "100 people who you know, I don't have"}, {"start": "00:02:11", "end": "00:02:17", "text": "100 friends. If you and a hundred people"}, {"start": "00:02:14", "end": "00:02:22", "text": "who you know went into a room together"}, {"start": "00:02:17", "end": "00:02:24", "text": "and tried to agree on everything or"}, {"start": "00:02:22", "end": "00:02:26", "text": "listen or even just one thing, you"}, {"start": "00:02:24", "end": "00:02:29", "text": "wouldn't be able to do it. Everyone"}, {"start": "00:02:26", "end": "00:02:31", "text": "would have a slightly different idea or"}, {"start": "00:02:29", "end": "00:02:33", "text": "a thought process or they'd be like,"}, {"start": "00:02:31", "end": "00:02:35", "text": "\"No, may maybe in like seven years, not"}, {"start": "00:02:33", "end": "00:02:38", "text": "10 years, not one year.\" Like you"}, {"start": "00:02:35", "end": "00:02:41", "text": "wouldn't you wouldn't align. You would"}, {"start": "00:02:38", "end": "00:02:43", "text": "not align."}, {"start": "00:02:41", "end": "00:02:46", "text": "However,"}, {"start": "00:02:43", "end": "00:02:48", "text": "for some reason, in the cryptocurrency"}, {"start": "00:02:46", "end": "00:02:51", "text": "space,"}, {"start": "00:02:48", "end": "00:02:54", "text": "everyone's on the exact same page. And"}, {"start": "00:02:51", "end": "00:02:57", "text": "this has this is"}, {"start": "00:02:54", "end": "00:03:01", "text": "been one of the weirdest moments, I"}, {"start": "00:02:57", "end": "00:03:04", "text": "assume, for all of us."}, {"start": "00:03:01", "end": "00:03:06", "text": "we are seeing it's either some kind of"}, {"start": "00:03:04", "end": "00:03:09", "text": "an accelerated"}, {"start": "00:03:06", "end": "00:03:12", "text": "market. Maybe we're seeing some kind of"}, {"start": "00:03:09", "end": "00:03:15", "text": "accelerated hype."}, {"start": "00:03:12", "end": "00:03:18", "text": "Maybe there's some kind of an idea of"}, {"start": "00:03:15", "end": "00:03:21", "text": "what's coming next and everyone has just"}, {"start": "00:03:18", "end": "00:03:23", "text": "kind of agreed to agree."}, {"start": "00:03:21", "end": "00:03:24", "text": "Maybe behind the scenes there's"}, {"start": "00:03:23", "end": "00:03:27", "text": "something that you and I are not a part"}, {"start": "00:03:24", "end": "00:03:29", "text": "of. I've I've gone over that before. A"}, {"start": "00:03:27", "end": "00:03:31", "text": "lot of times these companies are"}, {"start": "00:03:29", "end": "00:03:34", "text": "accumulating crypto. They're buying up"}, {"start": "00:03:31", "end": "00:03:36", "text": "stuff and you and I are not present for"}, {"start": "00:03:34", "end": "00:03:38", "text": "said event. Maybe someone said"}, {"start": "00:03:36", "end": "00:03:41", "text": "something."}, {"start": "00:03:38", "end": "00:03:44", "text": "This I I started giving you this idea"}, {"start": "00:03:41", "end": "00:03:46", "text": "around the time summer when we heard"}, {"start": "00:03:44", "end": "00:03:49", "text": "from one of the Coinbase executives. If"}, {"start": "00:03:46", "end": "00:03:52", "text": "you weren't here for that video, he was"}, {"start": "00:03:49", "end": "00:03:54", "text": "talking about crypto adoption and he was"}, {"start": "00:03:52", "end": "00:03:56", "text": "like, \"Yeah, well, as far as we know,"}, {"start": "00:03:54", "end": "00:04:00", "text": "did you see that transfer? there was a"}, {"start": "00:03:56", "end": "00:04:01", "text": "transfer on the screen of $211 million"}, {"start": "00:04:00", "end": "00:04:03", "text": "worth of Bitcoin."}, {"start": "00:04:01", "end": "00:04:05", "text": "Um"}, {"start": "00:04:03", "end": "00:04:07", "text": "he said, \"Yeah, you know, we're"}, {"start": "00:04:05", "end": "00:04:10", "text": "currently working with, talking to,"}, {"start": "00:04:07", "end": "00:04:13", "text": "discussing, we know of"}, {"start": "00:04:10", "end": "00:04:15", "text": "40 4"}, {"start": "00:04:13", "end": "00:04:17", "text": "different countries who are accumulating"}, {"start": "00:04:15", "end": "00:04:21", "text": "tons of crypto.\" And I was like, 40 is"}, {"start": "00:04:17", "end": "00:04:23", "text": "not an accident. For 40 is uh"}, {"start": "00:04:21", "end": "00:04:25", "text": "intentional."}, {"start": "00:04:23", "end": "00:04:27", "text": "40 is like someone said something,"}, {"start": "00:04:25", "end": "00:04:33", "text": "someone knows something. I've been"}, {"start": "00:04:27", "end": "00:04:35", "text": "saying I think because of the recent"}, {"start": "00:04:33", "end": "00:04:38", "text": "buying patterns, because of everyone"}, {"start": "00:04:35", "end": "00:04:41", "text": "jumping on board, I know I say I know I"}, {"start": "00:04:38", "end": "00:04:45", "text": "say the names over and over. If you"}, {"start": "00:04:41", "end": "00:04:48", "text": "don't understand the significance"}, {"start": "00:04:45", "end": "00:04:52", "text": "of Visa and Mastercard announcing that"}, {"start": "00:04:48", "end": "00:04:54", "text": "they're in crypto, I can't help you."}, {"start": "00:04:52", "end": "00:04:56", "text": "The people who run the world's payment"}, {"start": "00:04:54", "end": "00:04:59", "text": "rails"}, {"start": "00:04:56", "end": "00:05:01", "text": "are deep into crypto."}, {"start": "00:04:59", "end": "00:05:05", "text": "The people who run the stock exchanges"}, {"start": "00:05:01", "end": "00:05:07", "text": "of the stock exchanges"}, {"start": "00:05:05", "end": "00:05:09", "text": "have all announced that they're"}, {"start": "00:05:07", "end": "00:05:12", "text": "integrating crypto. They're making their"}, {"start": "00:05:09", "end": "00:05:14", "text": "platforms 24/7 and they're working with"}, {"start": "00:05:12", "end": "00:05:17", "text": "crypto exchanges to tokenize their"}, {"start": "00:05:14", "end": "00:05:17", "text": "stocks."}, {"start": "00:05:19", "end": "00:05:24", "text": "So,"}, {"start": "00:05:20", "end": "00:05:28", "text": "I think when you and I are told that"}, {"start": "00:05:24", "end": "00:05:30", "text": "inflation is is is bad, I think it's"}, {"start": "00:05:28", "end": "00:05:33", "text": "worse."}, {"start": "00:05:30", "end": "00:05:36", "text": "when you and I are hearing if you didn't"}, {"start": "00:05:33", "end": "00:05:37", "text": "see uh that 29 this like the latest"}, {"start": "00:05:36", "end": "00:05:41", "text": "numbers and it sticks in my head because"}, {"start": "00:05:37", "end": "00:05:45", "text": "it's so ridiculous that 29,000 jobs were"}, {"start": "00:05:41", "end": "00:05:47", "text": "created when there are 350 million"}, {"start": "00:05:45", "end": "00:05:49", "text": "people in the United States. I think"}, {"start": "00:05:47", "end": "00:05:52", "text": "it's worse than we could actually"}, {"start": "00:05:49", "end": "00:05:54", "text": "possibly begin to imagine. I think these"}, {"start": "00:05:52", "end": "00:05:56", "text": "people are buying up all the crypto as"}, {"start": "00:05:54", "end": "00:05:58", "text": "like a fail safe. I think they're"}, {"start": "00:05:56", "end": "00:06:00", "text": "literally doing it because they see the"}, {"start": "00:05:58", "end": "00:06:02", "text": "Titanic going down and they're like, \"We"}, {"start": "00:06:00", "end": "00:06:05", "text": "need to make sure that we're like we're"}, {"start": "00:06:02", "end": "00:06:09", "text": "like we're not like a part of any kind"}, {"start": "00:06:05", "end": "00:06:13", "text": "of going down, if you will.\""}, {"start": "00:06:09", "end": "00:06:16", "text": "So, on that note, um,"}, {"start": "00:06:13", "end": "00:06:18", "text": "as as you and I have been going over for"}, {"start": "00:06:16", "end": "00:06:21", "text": "some time now, for those of you not"}, {"start": "00:06:18", "end": "00:06:26", "text": "looking at the screen, someone by the"}, {"start": "00:06:21", "end": "00:06:30", "text": "name of Mark Moss"}, {"start": "00:06:26", "end": "00:06:33", "text": "is setting a $1 million Bitcoin target"}, {"start": "00:06:30", "end": "00:06:37", "text": "for the year 2030."}, {"start": "00:06:33", "end": "00:06:40", "text": "Mark Moss is forecasting Bitcoin at a"}, {"start": "00:06:37", "end": "00:06:44", "text": "million by the year 2030,"}, {"start": "00:06:40", "end": "00:06:47", "text": "calling the Fed rate hike a token raise"}, {"start": "00:06:44", "end": "00:06:49", "text": "and citing the $40 trillion worth of US"}, {"start": "00:06:47", "end": "00:06:52", "text": "debt and 5.1%"}, {"start": "00:06:49", "end": "00:06:52", "text": "yields."}, {"start": "00:06:53", "end": "00:07:02", "text": "I don't know if these people are joking."}, {"start": "00:06:58", "end": "00:07:04", "text": "I don't know if this is coordinated."}, {"start": "00:07:02", "end": "00:07:06", "text": "I don't know what's happening. For for"}, {"start": "00:07:04", "end": "00:07:09", "text": "argument sake, it does make sense. It"}, {"start": "00:07:06", "end": "00:07:11", "text": "makes total sense. And it could just be"}, {"start": "00:07:09", "end": "00:07:13", "text": "that I am used to being in a market that"}, {"start": "00:07:11", "end": "00:07:15", "text": "doesn't make sense."}, {"start": "00:07:13", "end": "00:07:19", "text": "You and I have been part of the crypto"}, {"start": "00:07:15", "end": "00:07:22", "text": "space for some time now."}, {"start": "00:07:19", "end": "00:07:25", "text": "We're used to hearing"}, {"start": "00:07:22", "end": "00:07:27", "text": "that adoption is happening, coins are"}, {"start": "00:07:25", "end": "00:07:29", "text": "being purchased, and then we look at"}, {"start": "00:07:27", "end": "00:07:32", "text": "prices and things are up by half a"}, {"start": "00:07:29", "end": "00:07:35", "text": "percent day on day. There was something"}, {"start": "00:07:32", "end": "00:07:38", "text": "recently in the news. I don't think we"}, {"start": "00:07:35", "end": "00:07:43", "text": "spoke about it here. Uh, Ripple, the"}, {"start": "00:07:38", "end": "00:07:46", "text": "company recently had has a partnership,"}, {"start": "00:07:43", "end": "00:07:48", "text": "I believe, with Brazil, like the country"}, {"start": "00:07:46", "end": "00:07:49", "text": "of Brazil."}, {"start": "00:07:48", "end": "00:07:51", "text": "I I I I can't remember all the"}, {"start": "00:07:49", "end": "00:07:53", "text": "specifics, but like it's something"}, {"start": "00:07:51", "end": "00:07:56", "text": "gargantuan. It's not like a normal"}, {"start": "00:07:53", "end": "00:07:59", "text": "thing. It's like something that should"}, {"start": "00:07:56", "end": "00:08:01", "text": "have risen the price of XRP by a good"}, {"start": "00:07:59", "end": "00:08:03", "text": "25%"}, {"start": "00:08:01", "end": "00:08:06", "text": "over the course of the week. Easy, easy,"}, {"start": "00:08:03", "end": "00:08:09", "text": "easy. 25%."}, {"start": "00:08:06", "end": "00:08:11", "text": "And I realized that I wasn't going crazy"}, {"start": "00:08:09", "end": "00:08:14", "text": "when one of the heads of Ripple actually"}, {"start": "00:08:11", "end": "00:08:16", "text": "came forward and he was like he he he"}, {"start": "00:08:14", "end": "00:08:17", "text": "paraphrasing he was like this doesn't"}, {"start": "00:08:16", "end": "00:08:20", "text": "make sense."}, {"start": "00:08:17", "end": "00:08:24", "text": "He was like this is a $15 billion"}, {"start": "00:08:20", "end": "00:08:27", "text": "collaboration with Brazil and XRP. And"}, {"start": "00:08:24", "end": "00:08:29", "text": "he was like it doesn't make sense that"}, {"start": "00:08:27", "end": "00:08:33", "text": "the price didn't skyrocket after that."}, {"start": "00:08:29", "end": "00:08:35", "text": "So, I took solace in the fact that great"}, {"start": "00:08:33", "end": "00:08:38", "text": "news happens and that behind the scenes"}, {"start": "00:08:35", "end": "00:08:41", "text": "these people are also like, \"What the"}, {"start": "00:08:38", "end": "00:08:44", "text": "heck is going on?\""}, {"start": "00:08:41", "end": "00:08:47", "text": "The last five weeks or so, they've been"}, {"start": "00:08:44", "end": "00:08:50", "text": "pretty intense for for finance, for the"}, {"start": "00:08:47", "end": "00:08:53", "text": "world, for economics, life, what have"}, {"start": "00:08:50", "end": "00:08:56", "text": "you."}, {"start": "00:08:53", "end": "00:08:56", "text": "No matter what"}, {"start": "00:08:57", "end": "00:09:02", "text": "we keep hearing crypto adoption news,"}, {"start": "00:09:00", "end": "00:09:04", "text": "crypto being accumulated news 100, what"}, {"start": "00:09:02", "end": "00:09:07", "text": "was it? What was the most recent one?"}, {"start": "00:09:04", "end": "00:09:09", "text": "1.6 billion 1.6 billion XRP were taken"}, {"start": "00:09:07", "end": "00:09:12", "text": "off of exchanges like recently. This is"}, {"start": "00:09:09", "end": "00:09:14", "text": "like the the most recent one."}, {"start": "00:09:12", "end": "00:09:17", "text": "Companies are buying up tons of Bitcoin."}, {"start": "00:09:14", "end": "00:09:20", "text": "The inflows into Bitcoin ETFs higher"}, {"start": "00:09:17", "end": "00:09:23", "text": "than ever. It used to take almost a"}, {"start": "00:09:20", "end": "00:09:26", "text": "month to get to a billion dollars. We're"}, {"start": "00:09:23", "end": "00:09:29", "text": "doing that in days now."}, {"start": "00:09:26", "end": "00:09:32", "text": "All these people are announcing"}, {"start": "00:09:29", "end": "00:09:34", "text": "a $1 million Bitcoin."}, {"start": "00:09:32", "end": "00:09:36", "text": "Remember I told you this was a couple of"}, {"start": "00:09:34", "end": "00:09:38", "text": "weeks ago. There was some analyst who"}, {"start": "00:09:36", "end": "00:09:39", "text": "was talking. He's like, \"I'm very"}, {"start": "00:09:38", "end": "00:09:43", "text": "bullish on where the crypto market is"}, {"start": "00:09:39", "end": "00:09:47", "text": "going.\" and his analysis showed I think"}, {"start": "00:09:43", "end": "00:09:51", "text": "Bitcoin I think it was like $380"}, {"start": "00:09:47", "end": "00:09:52", "text": "$400,000 per coin. That was the most"}, {"start": "00:09:51", "end": "00:09:55", "text": "that was the most bearish that we've"}, {"start": "00:09:52", "end": "00:09:57", "text": "gotten."}, {"start": "00:09:55", "end": "00:10:00", "text": "The the most negative news that we've"}, {"start": "00:09:57", "end": "00:10:03", "text": "gotten about future prices for the"}, {"start": "00:10:00", "end": "00:10:07", "text": "cryptocurrency space was the idea of"}, {"start": "00:10:03", "end": "00:10:11", "text": "Bitcoin only"}, {"start": "00:10:07", "end": "00:10:11", "text": "only going to 400,000."}, {"start": "00:10:13", "end": "00:10:19", "text": "I don't know what's happening. I have an"}, {"start": "00:10:16", "end": "00:10:22", "text": "inkling. I this this will this isn't a"}, {"start": "00:10:19", "end": "00:10:25", "text": "joke either. I do firmly believe that"}, {"start": "00:10:22", "end": "00:10:27", "text": "the status quo is changing."}, {"start": "00:10:25", "end": "00:10:29", "text": "I I pay a lot of attention, maybe more"}, {"start": "00:10:27", "end": "00:10:31", "text": "than I should. I pay a lot of attention"}, {"start": "00:10:29", "end": "00:10:35", "text": "to economic news. I pay a lot of"}, {"start": "00:10:31", "end": "00:10:37", "text": "attention to like shifts and and global"}, {"start": "00:10:35", "end": "00:10:40", "text": "tendencies and policies."}, {"start": "00:10:37", "end": "00:10:43", "text": "The idea of keeping track of all these"}, {"start": "00:10:40", "end": "00:10:45", "text": "things and then hearing actively that"}, {"start": "00:10:43", "end": "00:10:47", "text": "governments and companies and countries"}, {"start": "00:10:45", "end": "00:10:48", "text": "and institutions and Visa and Mastercard"}, {"start": "00:10:47", "end": "00:10:52", "text": "and Black Rockck and Fidelity and"}, {"start": "00:10:48", "end": "00:10:54", "text": "Goldman Sachs and and and and JP Morgan,"}, {"start": "00:10:52", "end": "00:10:58", "text": "everybody's on board. Everyone suddenly"}, {"start": "00:10:54", "end": "00:11:00", "text": "loves crypto is very bizarre to me"}, {"start": "00:10:58", "end": "00:11:02", "text": "because it lets me know that something"}, {"start": "00:11:00", "end": "00:11:04", "text": "is happening. It lets me know that they"}, {"start": "00:11:02", "end": "00:11:06", "text": "understand that things aren't going to"}, {"start": "00:11:04", "end": "00:11:08", "text": "get better. Inflation's not going to"}, {"start": "00:11:06", "end": "00:11:11", "text": "stop and this is kind of like the end"}, {"start": "00:11:08", "end": "00:11:13", "text": "point for fiat currencies. What I don't"}, {"start": "00:11:11", "end": "00:11:15", "text": "get is how many other people aren't like"}, {"start": "00:11:13", "end": "00:11:17", "text": "connecting the dots. Like it's not"}, {"start": "00:11:15", "end": "00:11:20", "text": "something difficult. You and like when"}, {"start": "00:11:17", "end": "00:11:22", "text": "when me and you go over it like like you"}, {"start": "00:11:20", "end": "00:11:24", "text": "get it. You understand what I'm talking"}, {"start": "00:11:22", "end": "00:11:26", "text": "about? like this. This is why you are in"}, {"start": "00:11:24", "end": "00:11:27", "text": "the cryptocurrency space."}, {"start": "00:11:26", "end": "00:11:28", "text": "[clears throat]"}, {"start": "00:11:27", "end": "00:11:31", "text": "When I chat with other people, there"}, {"start": "00:11:28", "end": "00:11:34", "text": "seems to like it's like a blank stare."}, {"start": "00:11:31", "end": "00:11:36", "text": "They don't really care."}, {"start": "00:11:34", "end": "00:11:39", "text": "But the problem always is that they will"}, {"start": "00:11:36", "end": "00:11:42", "text": "care when things get terrible for them."}, {"start": "00:11:39", "end": "00:11:46", "text": "They they will understand"}, {"start": "00:11:42", "end": "00:11:48", "text": "when I talk about do you remember uh"}, {"start": "00:11:46", "end": "00:11:50", "text": "this was maybe even a year ago. You can"}, {"start": "00:11:48", "end": "00:11:55", "text": "find the article. Um, just go to Google"}, {"start": "00:11:50", "end": "00:11:58", "text": "and type in like uh 88% stock market"}, {"start": "00:11:55", "end": "00:12:01", "text": "black rock Jane Street. That should be"}, {"start": "00:11:58", "end": "00:12:03", "text": "enough. It was revealed that basically"}, {"start": "00:12:01", "end": "00:12:06", "text": "since 2019,"}, {"start": "00:12:03", "end": "00:12:09", "text": "I'll even give you a good 2020."}, {"start": "00:12:06", "end": "00:12:10", "text": "Companies and corporations have been"}, {"start": "00:12:09", "end": "00:12:12", "text": "buying up huge amounts of stock. This"}, {"start": "00:12:10", "end": "00:12:14", "text": "was part of the reason why the stock"}, {"start": "00:12:12", "end": "00:12:15", "text": "market, you might remember, was like"}, {"start": "00:12:14", "end": "00:12:18", "text": "going up during Corona. Everyone was"}, {"start": "00:12:15", "end": "00:12:20", "text": "like, shouldn't it be at zero? It kept"}, {"start": "00:12:18", "end": "00:12:22", "text": "on going up because they were they were"}, {"start": "00:12:20", "end": "00:12:23", "text": "buying intentionally to like consolidate"}, {"start": "00:12:22", "end": "00:12:25", "text": "their wealth. Prices were going down"}, {"start": "00:12:23", "end": "00:12:28", "text": "because people were selling, but they"}, {"start": "00:12:25", "end": "00:12:29", "text": "kept on buying any retail investor who"}, {"start": "00:12:28", "end": "00:12:31", "text": "sold."}, {"start": "00:12:29", "end": "00:12:35", "text": "Now, there's like an like an an enormous"}, {"start": "00:12:31", "end": "00:12:37", "text": "an enormous concentration of wealth by"}, {"start": "00:12:35", "end": "00:12:39", "text": "these people. They continue to buy up"}, {"start": "00:12:37", "end": "00:12:41", "text": "assets. They're not stopping. They have"}, {"start": "00:12:39", "end": "00:12:43", "text": "no intention of stopping. If you own"}, {"start": "00:12:41", "end": "00:12:45", "text": "everything and you can buy more, people"}, {"start": "00:12:43", "end": "00:12:46", "text": "are going to do it. They want to own all"}, {"start": "00:12:45", "end": "00:12:48", "text": "the homes. They want to own all the"}, {"start": "00:12:46", "end": "00:12:50", "text": "stock. They want to own all the land."}, {"start": "00:12:48", "end": "00:12:53", "text": "They're going to own all the crypto."}, {"start": "00:12:50", "end": "00:12:57", "text": "These same exact people who, and I say"}, {"start": "00:12:53", "end": "00:13:00", "text": "in no uncertain terms, own the world."}, {"start": "00:12:57", "end": "00:13:02", "text": "Like there there's a direct beline for"}, {"start": "00:13:00", "end": "00:13:03", "text": "crypto."}, {"start": "00:13:02", "end": "00:13:06", "text": "And when I explain that to people, it"}, {"start": "00:13:03", "end": "00:13:07", "text": "either sounds like a conspiracy or they"}, {"start": "00:13:06", "end": "00:13:08", "text": "like you're like really"}, {"start": "00:13:07", "end": "00:13:10", "text": "overexaggerating. And I'm like, I go"}, {"start": "00:13:08", "end": "00:13:12", "text": "over this stuff every single day in my"}, {"start": "00:13:10", "end": "00:13:14", "text": "spare time. I'm listening to like"}, {"start": "00:13:12", "end": "00:13:16", "text": "podcasts about like what like the"}, {"start": "00:13:14", "end": "00:13:17", "text": "richest people are doing, like how"}, {"start": "00:13:16", "end": "00:13:20", "text": "they're moving their money, how things"}, {"start": "00:13:17", "end": "00:13:22", "text": "are being placed, and then we get news"}, {"start": "00:13:20", "end": "00:13:25", "text": "and and I told you before the the the"}, {"start": "00:13:22", "end": "00:13:26", "text": "oddest part for me is getting news like"}, {"start": "00:13:25", "end": "00:13:29", "text": "this"}, {"start": "00:13:26", "end": "00:13:31", "text": "and like it doesn't"}, {"start": "00:13:29", "end": "00:13:34", "text": "translates not the word. It doesn't move"}, {"start": "00:13:31", "end": "00:13:37", "text": "over to like your local news. You might"}, {"start": "00:13:34", "end": "00:13:39", "text": "not be looking at, you know, nighttime"}, {"start": "00:13:37", "end": "00:13:42", "text": "news at 10 p.m. like we used to when we"}, {"start": "00:13:39", "end": "00:13:45", "text": "were younger, but you understand what I"}, {"start": "00:13:42", "end": "00:13:47", "text": "mean. It's not in your circuit. It's not"}, {"start": "00:13:45", "end": "00:13:48", "text": "in your world. Like the the the news"}, {"start": "00:13:47", "end": "00:13:50", "text": "your friends are talking about is like a"}, {"start": "00:13:48", "end": "00:13:51", "text": "water mane break or this happened."}, {"start": "00:13:50", "end": "00:13:53", "text": "They're not talking about that like all"}, {"start": "00:13:51", "end": "00:13:55", "text": "the billionaires are buying up huge"}, {"start": "00:13:53", "end": "00:13:57", "text": "amounts of crypto and that everyone's"}, {"start": "00:13:55", "end": "00:13:59", "text": "predicting the US dollar is going to"}, {"start": "00:13:57", "end": "00:14:01", "text": "collapse and debt levels are going to"}, {"start": "00:13:59", "end": "00:14:06", "text": "get too high. that it causes Bitcoin to"}, {"start": "00:14:01", "end": "00:14:06", "text": "go to a million dollars per coin."}, {"start": "00:14:08", "end": "00:14:13", "text": "That's the bizarre part is that this is"}, {"start": "00:14:11", "end": "00:14:16", "text": "happening and it feels like people"}, {"start": "00:14:13", "end": "00:14:18", "text": "outside of crypto, even some people in"}, {"start": "00:14:16", "end": "00:14:20", "text": "normal finance, it means nothing to"}, {"start": "00:14:18", "end": "00:14:24", "text": "them."}, {"start": "00:14:20", "end": "00:14:29", "text": "Mark Moss has set a $1 million Bitcoin"}, {"start": "00:14:24", "end": "00:14:31", "text": "price target for the year 2030."}, {"start": "00:14:29", "end": "00:14:35", "text": "For those of you not looking at the"}, {"start": "00:14:31", "end": "00:14:40", "text": "screen, Arthur Hayes says an AI debt"}, {"start": "00:14:35", "end": "00:14:40", "text": "crisis could send Bitcoin to $1 million."}, {"start": "00:14:42", "end": "00:14:47", "text": "The current idea from uh Arthur Hayes"}, {"start": "00:14:45", "end": "00:14:49", "text": "and a bunch of other people. I mean it's"}, {"start": "00:14:47", "end": "00:14:53", "text": "like a a good 30% of analysts in the"}, {"start": "00:14:49", "end": "00:14:55", "text": "news every now and again is that AI will"}, {"start": "00:14:53", "end": "00:14:59", "text": "continue to be around but it is not"}, {"start": "00:14:55", "end": "00:15:01", "text": "going to deliver in the capacity that we"}, {"start": "00:14:59", "end": "00:15:04", "text": "were once told"}, {"start": "00:15:01", "end": "00:15:07", "text": "and therefore there's going to be a"}, {"start": "00:15:04", "end": "00:15:09", "text": "shift of money out of the AI sector and"}, {"start": "00:15:07", "end": "00:15:13", "text": "into the cryptocurrency market for"}, {"start": "00:15:09", "end": "00:15:16", "text": "people looking to make massive gains."}, {"start": "00:15:13", "end": "00:15:19", "text": "The idea of the debt crisis is I told"}, {"start": "00:15:16", "end": "00:15:22", "text": "you this was a couple days ago. It it"}, {"start": "00:15:19", "end": "00:15:24", "text": "the term's not shocking, but the entire"}, {"start": "00:15:22", "end": "00:15:25", "text": "focus was just on the United States for"}, {"start": "00:15:24", "end": "00:15:30", "text": "a while. A lot of the news that I keep"}, {"start": "00:15:25", "end": "00:15:34", "text": "seeing is like apparently France is also"}, {"start": "00:15:30", "end": "00:15:37", "text": "uh having people out in the streets"}, {"start": "00:15:34", "end": "00:15:39", "text": "holding up signs uh screaming loudly uh"}, {"start": "00:15:37", "end": "00:15:41", "text": "with discontent over what's going on"}, {"start": "00:15:39", "end": "00:15:44", "text": "because their debt levels are really"}, {"start": "00:15:41", "end": "00:15:46", "text": "high. Do you remember a couple of days"}, {"start": "00:15:44", "end": "00:15:47", "text": "ago we had news that apparently El"}, {"start": "00:15:46", "end": "00:15:50", "text": "Salvador"}, {"start": "00:15:47", "end": "00:15:53", "text": "uh stopped buying Bitcoin? If you missed"}, {"start": "00:15:50", "end": "00:15:55", "text": "that, it's because like they needed"}, {"start": "00:15:53", "end": "00:15:58", "text": "money. Now, a lot of times you hear that"}, {"start": "00:15:55", "end": "00:16:02", "text": "a country is in need of like"}, {"start": "00:15:58", "end": "00:16:05", "text": "50 billion, 150 billion, 40 trillion if"}, {"start": "00:16:02", "end": "00:16:07", "text": "you will. Uh they needed like a hundred"}, {"start": "00:16:05", "end": "00:16:09", "text": "million. Like they needed they needed"}, {"start": "00:16:07", "end": "00:16:11", "text": "that money so bad that they like agreed"}, {"start": "00:16:09", "end": "00:16:15", "text": "to stop buying Bitcoin."}, {"start": "00:16:11", "end": "00:16:18", "text": "I think whatever is happening is a lot"}, {"start": "00:16:15", "end": "00:16:21", "text": "worse than what we're being told. And I"}, {"start": "00:16:18", "end": "00:16:23", "text": "mean like detrimentally worse."}, {"start": "00:16:21", "end": "00:16:24", "text": "That was part of the thing when like"}, {"start": "00:16:23", "end": "00:16:26", "text": "when like this huge scramble was"}, {"start": "00:16:24", "end": "00:16:28", "text": "happening for the Clarity Act, I was"}, {"start": "00:16:26", "end": "00:16:30", "text": "like, how did everyone jump on board?"}, {"start": "00:16:28", "end": "00:16:32", "text": "Like I know you have lobbying and all"}, {"start": "00:16:30", "end": "00:16:35", "text": "these other things, but I was like, did"}, {"start": "00:16:32", "end": "00:16:38", "text": "something happen? Did we did we miss"}, {"start": "00:16:35", "end": "00:16:41", "text": "something? Like what's the even the the"}, {"start": "00:16:38", "end": "00:16:43", "text": "crypto market the people never pay"}, {"start": "00:16:41", "end": "00:16:45", "text": "attention to crypto during a bare market"}, {"start": "00:16:43", "end": "00:16:48", "text": "we we should have fallen"}, {"start": "00:16:45", "end": "00:16:50", "text": "a lot more in price"}, {"start": "00:16:48", "end": "00:16:53", "text": "didn't happen every time we kept on"}, {"start": "00:16:50", "end": "00:16:55", "text": "getting news that retail investors were"}, {"start": "00:16:53", "end": "00:16:58", "text": "selling over the over the course of"}, {"start": "00:16:55", "end": "00:17:01", "text": "between now and the beginning of January"}, {"start": "00:16:58", "end": "00:17:04", "text": "we had about five times in the news a"}, {"start": "00:17:01", "end": "00:17:08", "text": "solid five times every time someone sold"}, {"start": "00:17:04", "end": "00:17:10", "text": "it was retail Hale. Every time someone"}, {"start": "00:17:08", "end": "00:17:12", "text": "got rid of their crypto, it was"}, {"start": "00:17:10", "end": "00:17:15", "text": "individual investors. And then we'd have"}, {"start": "00:17:12", "end": "00:17:18", "text": "news 24 hours later, Wales bought the"}, {"start": "00:17:15", "end": "00:17:21", "text": "dip. Wales bought those coins. Wales"}, {"start": "00:17:18", "end": "00:17:24", "text": "recently accumulated X amount. That guy"}, {"start": "00:17:21", "end": "00:17:27", "text": "who posted on on Twitter, he wrote like"}, {"start": "00:17:24", "end": "00:17:29", "text": "he he he wrote um stop selling black"}, {"start": "00:17:27", "end": "00:17:34", "text": "stop selling black rock your Bitcoin."}, {"start": "00:17:29", "end": "00:17:37", "text": "And I was like, yeah, of course."}, {"start": "00:17:34", "end": "00:17:39", "text": "Everyone's pushing all the money into"}, {"start": "00:17:37", "end": "00:17:41", "text": "the hands of the people who already have"}, {"start": "00:17:39", "end": "00:17:44", "text": "the money. And then these people are"}, {"start": "00:17:41", "end": "00:17:48", "text": "screaming, \"We're expecting Bitcoin to"}, {"start": "00:17:44", "end": "00:17:52", "text": "go to a million dollars per coin.\""}, {"start": "00:17:48", "end": "00:17:52", "text": "And everyone's like, \"Okay, whatever.\""}, {"start": "00:17:52", "end": "00:17:55", "text": "When Bitcoin was a thousand, there were"}, {"start": "00:17:54", "end": "00:17:59", "text": "multiple people who were like,"}, {"start": "00:17:55", "end": "00:18:01", "text": "\"Bitcoin's going to 10K.\" No one"}, {"start": "00:17:59", "end": "00:18:04", "text": "listened. Bitcoin's at 7,000. Everyone"}, {"start": "00:18:01", "end": "00:18:06", "text": "jumps on board. Bitcoin goes to 20K,"}, {"start": "00:18:04", "end": "00:18:09", "text": "everyone loves it. Bitcoin falls back"}, {"start": "00:18:06", "end": "00:18:12", "text": "down to 3,000, everyone's gone."}, {"start": "00:18:09", "end": "00:18:15", "text": "When Bitcoin was 3,000,"}, {"start": "00:18:12", "end": "00:18:17", "text": "there were a lot of calls for a $100,000"}, {"start": "00:18:15", "end": "00:18:18", "text": "Bitcoin."}, {"start": "00:18:17", "end": "00:18:22", "text": "No one pays attention until Bitcoin is"}, {"start": "00:18:18", "end": "00:18:24", "text": "at 50,000, 60,000, 70,000. People start"}, {"start": "00:18:22", "end": "00:18:27", "text": "paying attention again. It's this weird"}, {"start": "00:18:24", "end": "00:18:29", "text": "loop"}, {"start": "00:18:27", "end": "00:18:31", "text": "that just keeps happening over and over."}, {"start": "00:18:29", "end": "00:18:34", "text": "And I and I don't think that there's any"}, {"start": "00:18:31", "end": "00:18:37", "text": "way uh actually"}, {"start": "00:18:34", "end": "00:18:40", "text": "out of it. Uh also in the news for those"}, {"start": "00:18:37", "end": "00:18:46", "text": "of you not looking at the screen,"}, {"start": "00:18:40", "end": "00:18:52", "text": "Tom Lee says Ethereum could hit $60,000"}, {"start": "00:18:46", "end": "00:18:52", "text": "per coin as new investors enter crypto."}, {"start": "00:18:53", "end": "00:18:58", "text": "This is daily."}, {"start": "00:18:55", "end": "00:19:01", "text": "This is daily that this is happening."}, {"start": "00:18:58", "end": "00:19:04", "text": "Once again, by next summer, all will be"}, {"start": "00:19:01", "end": "00:19:06", "text": "revealed."}, {"start": "00:19:04", "end": "00:19:09", "text": "We will know if this was a collective"}, {"start": "00:19:06", "end": "00:19:11", "text": "dream. We will know if these people were"}, {"start": "00:19:09", "end": "00:19:14", "text": "insane."}, {"start": "00:19:11", "end": "00:19:16", "text": "But also then once again, the actual"}, {"start": "00:19:14", "end": "00:19:18", "text": "adoption is happening. That's the part"}, {"start": "00:19:16", "end": "00:19:20", "text": "that gets me. It's one thing for me and"}, {"start": "00:19:18", "end": "00:19:22", "text": "you to sit here and go over the idea of"}, {"start": "00:19:20", "end": "00:19:28", "text": "a million-doll Bitcoin. If Micro"}, {"start": "00:19:22", "end": "00:19:30", "text": "Strategy only had 22 Bitcoin,"}, {"start": "00:19:28", "end": "00:19:33", "text": "it's it's one thing to talk about a"}, {"start": "00:19:30", "end": "00:19:37", "text": "$60,000 Ethereum."}, {"start": "00:19:33", "end": "00:19:39", "text": "If Bit mine only was holding a,000"}, {"start": "00:19:37", "end": "00:19:42", "text": "Ethereum"}, {"start": "00:19:39", "end": "00:19:45", "text": "like they're they own what is it 6"}, {"start": "00:19:42", "end": "00:19:49", "text": "million Ethereum right now since they"}, {"start": "00:19:45", "end": "00:19:51", "text": "started buying. There's"}, {"start": "00:19:49", "end": "00:19:54", "text": "only 3% of all Ethereum that there is"}, {"start": "00:19:51", "end": "00:19:56", "text": "left on crypto exchanges. Since they"}, {"start": "00:19:54", "end": "00:19:58", "text": "started buying the amount of Ethereum"}, {"start": "00:19:56", "end": "00:20:00", "text": "being staked, it's more than one out of"}, {"start": "00:19:58", "end": "00:20:02", "text": "every three coins. Is it like locked in"}, {"start": "00:20:00", "end": "00:20:04", "text": "the ecosystem?"}, {"start": "00:20:02", "end": "00:20:06", "text": "So, it makes total sense. Like the"}, {"start": "00:20:04", "end": "00:20:08", "text": "numbers that they are saying make"}, {"start": "00:20:06", "end": "00:20:10", "text": "complete and total sense. And that's the"}, {"start": "00:20:08", "end": "00:20:12", "text": "news that we're getting. We're not"}, {"start": "00:20:10", "end": "00:20:14", "text": "getting like actual like extra"}, {"start": "00:20:12", "end": "00:20:17", "text": "accumulation news. We keep hearing big"}, {"start": "00:20:14", "end": "00:20:20", "text": "company buy crypto, big company buy XRP,"}, {"start": "00:20:17", "end": "00:20:22", "text": "big company buy Bitcoin. We're not"}, {"start": "00:20:20", "end": "00:20:24", "text": "hearing about like the other family"}, {"start": "00:20:22", "end": "00:20:26", "text": "offices and companies and institutions."}, {"start": "00:20:24", "end": "00:20:28", "text": "We're not we're not hearing about how"}, {"start": "00:20:26", "end": "00:20:30", "text": "much the banks are buying behind the"}, {"start": "00:20:28", "end": "00:20:34", "text": "scenes. So like that that that the that"}, {"start": "00:20:30", "end": "00:20:34", "text": "the public doesn't know"}, {"start": "00:20:36", "end": "00:20:42", "text": "every single this is going to be a weird"}, {"start": "00:20:39", "end": "00:20:42", "text": "cycle."}, {"start": "00:20:42", "end": "00:20:47", "text": "We are hearing constantly"}, {"start": "00:20:47", "end": "00:20:53", "text": "that prices are going to go higher and"}, {"start": "00:20:49", "end": "00:20:58", "text": "it's not like a normal higher."}, {"start": "00:20:53", "end": "00:21:03", "text": "He's not predicting that like in 2029"}, {"start": "00:20:58", "end": "00:21:05", "text": "Ethereum is at like 9K $13,000 a coin."}, {"start": "00:21:03", "end": "00:21:08", "text": "$60,000"}, {"start": "00:21:05", "end": "00:21:11", "text": "2030 million Bitcoin. 2030 million"}, {"start": "00:21:08", "end": "00:21:11", "text": "Bitcoin."}, {"start": "00:21:14", "end": "00:21:20", "text": "We'll see what happens, where things go,"}, {"start": "00:21:18", "end": "00:21:26", "text": "how much higher prices are in the"}, {"start": "00:21:20", "end": "00:21:29", "text": "future, but their conviction is"}, {"start": "00:21:26", "end": "00:21:32", "text": "interestingly firm,"}, {"start": "00:21:29", "end": "00:21:32", "text": "if you will."}, {"start": "00:21:32", "end": "00:21:40", "text": "Also in the news,"}, {"start": "00:21:35", "end": "00:21:44", "text": "it says XRP Wales purchased 470"}, {"start": "00:21:40", "end": "00:21:47", "text": "million XRP in 5 days, raising breakout"}, {"start": "00:21:44", "end": "00:21:47", "text": "speculation."}, {"start": "00:21:49", "end": "00:21:57", "text": "XRP Wales acquired $720 million worth of"}, {"start": "00:21:53", "end": "00:21:57", "text": "XRP in just 5 days."}, {"start": "00:22:00", "end": "00:22:04", "text": "Yeah. So, obviously something's"}, {"start": "00:22:01", "end": "00:22:08", "text": "happening and we don't know to what"}, {"start": "00:22:04", "end": "00:22:11", "text": "degree. Uh, but I am thankful that you"}, {"start": "00:22:08", "end": "00:22:13", "text": "and I at least have access to this news."}, {"start": "00:22:11", "end": "00:22:16", "text": "Um,"}, {"start": "00:22:13", "end": "00:22:17", "text": "I don't know. Like, I honestly, you"}, {"start": "00:22:16", "end": "00:22:21", "text": "don't understand. I'm I'm sitting here"}, {"start": "00:22:17", "end": "00:22:24", "text": "like at a loss for words."}, {"start": "00:22:21", "end": "00:22:27", "text": "I I go over this every single day. It's"}, {"start": "00:22:24", "end": "00:22:29", "text": "not Some days we're not getting news"}, {"start": "00:22:27", "end": "00:22:34", "text": "like this like once a season. once a"}, {"start": "00:22:29", "end": "00:22:35", "text": "season would be far more normal."}, {"start": "00:22:34", "end": "00:22:39", "text": "They're not even they're not even"}, {"start": "00:22:35", "end": "00:22:42", "text": "purchasing like $5 million worth of"}, {"start": "00:22:39", "end": "00:22:45", "text": "crypto anymore. Like it's hundreds of"}, {"start": "00:22:42", "end": "00:22:47", "text": "millions of dollars in very short spans"}, {"start": "00:22:45", "end": "00:22:49", "text": "of time."}, {"start": "00:22:47", "end": "00:22:51", "text": "They're going to own everything. And I"}, {"start": "00:22:49", "end": "00:22:53", "text": "don't when I say things like that, I"}, {"start": "00:22:51", "end": "00:22:55", "text": "don't know how people react to it"}, {"start": "00:22:53", "end": "00:22:58", "text": "because I can't see your reactions. I"}, {"start": "00:22:55", "end": "00:23:00", "text": "don't know what that conveys to you. I"}, {"start": "00:22:58", "end": "00:23:02", "text": "don't know if you understand what I'm"}, {"start": "00:23:00", "end": "00:23:03", "text": "saying. I don't know if it means"}, {"start": "00:23:02", "end": "00:23:06", "text": "anything to you. I don't understand if"}, {"start": "00:23:03", "end": "00:23:08", "text": "you get the actual ramifications of what"}, {"start": "00:23:06", "end": "00:23:13", "text": "it's going to mean"}, {"start": "00:23:08", "end": "00:23:15", "text": "if XRP goes to $38 a coin,"}, {"start": "00:23:13", "end": "00:23:17", "text": "what that will mean for like other"}, {"start": "00:23:15", "end": "00:23:20", "text": "holders,"}, {"start": "00:23:17", "end": "00:23:22", "text": "what it means for [snorts] purchasing"}, {"start": "00:23:20", "end": "00:23:26", "text": "power for people"}, {"start": "00:23:22", "end": "00:23:28", "text": "going to the store, getting food, buying"}, {"start": "00:23:26", "end": "00:23:30", "text": "clothes. If Bitcoin's at a million"}, {"start": "00:23:28", "end": "00:23:34", "text": "dollars, that means the dollar and the"}, {"start": "00:23:30", "end": "00:23:37", "text": "euro have almost completely collapsed"}, {"start": "00:23:34", "end": "00:23:38", "text": "their their price predictions for"}, {"start": "00:23:37", "end": "00:23:40", "text": "Bitcoin,"}, {"start": "00:23:38", "end": "00:23:43", "text": "like several million dollars, like into"}, {"start": "00:23:40", "end": "00:23:45", "text": "the 2030s. Like once we get to the point"}, {"start": "00:23:43", "end": "00:23:48", "text": "where there's no more Bitcoin, like it's"}, {"start": "00:23:45", "end": "00:23:50", "text": "just like Satoshi's being mined,"}, {"start": "00:23:48", "end": "00:23:53", "text": "the idea is that like Bitcoin goes to"}, {"start": "00:23:50", "end": "00:23:55", "text": "like $4 million a coin. Bitcoin goes to"}, {"start": "00:23:53", "end": "00:23:58", "text": "1422 million per coin sometime like in"}, {"start": "00:23:55", "end": "00:24:00", "text": "the 2040s."}, {"start": "00:23:58", "end": "00:24:02", "text": "There's a shift. There's not like a"}, {"start": "00:24:00", "end": "00:24:06", "text": "slight movement."}, {"start": "00:24:02", "end": "00:24:09", "text": "If people can't already afford $500"}, {"start": "00:24:06", "end": "00:24:12", "text": "for an emergency, imagine when milk is"}, {"start": "00:24:09", "end": "00:24:12", "text": "$19."}, {"start": "00:24:15", "end": "00:24:20", "text": "I find this so fascinating that this is"}, {"start": "00:24:17", "end": "00:24:22", "text": "all happening. And at least within the"}, {"start": "00:24:20", "end": "00:24:25", "text": "world that I live in, no one's talking"}, {"start": "00:24:22", "end": "00:24:26", "text": "about it. I have I have some friends who"}, {"start": "00:24:25", "end": "00:24:29", "text": "are into investing and crypto and like"}, {"start": "00:24:26", "end": "00:24:32", "text": "like there'll be like murmurss, but"}, {"start": "00:24:29", "end": "00:24:35", "text": "maybe everyone's just focusing on other"}, {"start": "00:24:32", "end": "00:24:37", "text": "things. I I don't know. Maybe I'm just"}, {"start": "00:24:35", "end": "00:24:40", "text": "privileged enough to have enough time to"}, {"start": "00:24:37", "end": "00:24:44", "text": "sit here and and and wonder about the"}, {"start": "00:24:40", "end": "00:24:46", "text": "future of the economy and the dollar and"}, {"start": "00:24:44", "end": "00:24:48", "text": "what inflation is going to mean to uh"}, {"start": "00:24:46", "end": "00:24:51", "text": "billions of people on the I I I don't"}, {"start": "00:24:48", "end": "00:24:54", "text": "know. I honestly do not know because"}, {"start": "00:24:51", "end": "00:24:56", "text": "it's it's it's all incredibly"}, {"start": "00:24:54", "end": "00:25:00", "text": "weird to me, I guess, in some form or"}, {"start": "00:24:56", "end": "00:25:04", "text": "fashion to be living through history, if"}, {"start": "00:25:00", "end": "00:25:08", "text": "you um if you will."}, {"start": "00:25:04", "end": "00:25:12", "text": "Um, also in I'll say lightly popular"}, {"start": "00:25:08", "end": "00:25:15", "text": "news, uh, Robin Hood's CEO"}, {"start": "00:25:12", "end": "00:25:20", "text": "has declared, and I quote,"}, {"start": "00:25:15", "end": "00:25:24", "text": "\"Tokkenization is coming to America,"}, {"start": "00:25:20", "end": "00:25:29", "text": "after an historic SEC rule has green lit"}, {"start": "00:25:24", "end": "00:25:33", "text": "247 blockchain stock trading,"}, {"start": "00:25:29", "end": "00:25:36", "text": "the last few weeks, we've gotten"}, {"start": "00:25:33", "end": "00:25:39", "text": "I don't even remember. We had news after"}, {"start": "00:25:36", "end": "00:25:42", "text": "we didn't get the clarity act that the"}, {"start": "00:25:39", "end": "00:25:46", "text": "SEC and CFTC were going to join forces"}, {"start": "00:25:42", "end": "00:25:48", "text": "and uh release proper crypto regulation."}, {"start": "00:25:46", "end": "00:25:50", "text": "You have to understand how like actually"}, {"start": "00:25:48", "end": "00:25:53", "text": "historic that is especially in crypto"}, {"start": "00:25:50", "end": "00:25:57", "text": "where for"}, {"start": "00:25:53", "end": "00:25:59", "text": "16 years 16 years these people did not"}, {"start": "00:25:57", "end": "00:26:01", "text": "give us proper crypto rules and"}, {"start": "00:25:59", "end": "00:26:04", "text": "regulation."}, {"start": "00:26:01", "end": "00:26:06", "text": "So I don't even remember everything that"}, {"start": "00:26:04", "end": "00:26:09", "text": "they did. They released some kind of"}, {"start": "00:26:06", "end": "00:26:11", "text": "like a fiveyear rule like like 5year"}, {"start": "00:26:09", "end": "00:26:13", "text": "exemption rule. I forgot exactly what it"}, {"start": "00:26:11", "end": "00:26:14", "text": "was. There's been a I mean these people"}, {"start": "00:26:13", "end": "00:26:16", "text": "are constantly releasing stuff now which"}, {"start": "00:26:14", "end": "00:26:19", "text": "is great. This is stuff that they should"}, {"start": "00:26:16", "end": "00:26:21", "text": "have done back in in in 2013, 2014, but"}, {"start": "00:26:19", "end": "00:26:23", "text": "they didn't. And now they're releasing"}, {"start": "00:26:21", "end": "00:26:26", "text": "all of this stuff."}, {"start": "00:26:23", "end": "00:26:28", "text": "And apparently, this this is also part"}, {"start": "00:26:26", "end": "00:26:32", "text": "of the news that we got maybe two weeks"}, {"start": "00:26:28", "end": "00:26:37", "text": "ago. It was um"}, {"start": "00:26:32", "end": "00:26:40", "text": "it was once again it was Deote, D O T."}, {"start": "00:26:37", "end": "00:26:43", "text": "The um I always forget what they do. Uh"}, {"start": "00:26:40", "end": "00:26:48", "text": "Deote basically announced"}, {"start": "00:26:43", "end": "00:26:52", "text": "uh that a number of US banks are now um"}, {"start": "00:26:48", "end": "00:26:54", "text": "looking into slash are using XRP,"}, {"start": "00:26:52", "end": "00:26:56", "text": "Hideera and Stellar Lumens. And I was"}, {"start": "00:26:54", "end": "00:26:58", "text": "like"}, {"start": "00:26:56", "end": "00:27:00", "text": "nothing. No reaction from people. People"}, {"start": "00:26:58", "end": "00:27:01", "text": "aren't I don't know what it is."}, {"start": "00:27:00", "end": "00:27:03", "text": "Everyone's acting like none of this is"}, {"start": "00:27:01", "end": "00:27:04", "text": "happening or it's just not really"}, {"start": "00:27:03", "end": "00:27:07", "text": "important or it doesn't have like any"}, {"start": "00:27:04", "end": "00:27:11", "text": "significant. So, um, we were getting"}, {"start": "00:27:07", "end": "00:27:13", "text": "news as well that Coinbase's base, their"}, {"start": "00:27:11", "end": "00:27:17", "text": "own chain, now has a significant amount"}, {"start": "00:27:13", "end": "00:27:21", "text": "of, uh, tokenized stocks. A day or two"}, {"start": "00:27:17", "end": "00:27:25", "text": "later, we got news that Binance uh, had"}, {"start": "00:27:21", "end": "00:27:27", "text": "then over 1.1 billion, I think dollars,"}, {"start": "00:27:25", "end": "00:27:29", "text": "I'm certain it's dollars, $1.1 billion"}, {"start": "00:27:27", "end": "00:27:33", "text": "worth of tokenized stocks on Binance"}, {"start": "00:27:29", "end": "00:27:38", "text": "Chain. And because of what the SEC has"}, {"start": "00:27:33", "end": "00:27:39", "text": "continued to do, um, I can only assume"}, {"start": "00:27:38", "end": "00:27:42", "text": "Robin Hood's going to get them as well."}, {"start": "00:27:39", "end": "00:27:45", "text": "That's just a an inkling from what this"}, {"start": "00:27:42", "end": "00:27:49", "text": "man is saying. The idea of tokenization"}, {"start": "00:27:45", "end": "00:27:53", "text": "comes down to the, and I say it this"}, {"start": "00:27:49", "end": "00:27:56", "text": "way, the literal circumvention"}, {"start": "00:27:53", "end": "00:28:00", "text": "of the US dollar. when we got news"}, {"start": "00:27:56", "end": "00:28:04", "text": "before about um inind redemptions,"}, {"start": "00:28:00", "end": "00:28:07", "text": "remember those? Uh with um a number of"}, {"start": "00:28:04", "end": "00:28:11", "text": "cryptocurrency companies advocating and"}, {"start": "00:28:07", "end": "00:28:14", "text": "also like the ETF issuers advocating for"}, {"start": "00:28:11", "end": "00:28:17", "text": "the idea of being able to use crypto to"}, {"start": "00:28:14", "end": "00:28:20", "text": "buy ETFs and also getting crypto when"}, {"start": "00:28:17", "end": "00:28:21", "text": "they cashed out of the ETFs. I I think"}, {"start": "00:28:20", "end": "00:28:23", "text": "there's like one or two that have been"}, {"start": "00:28:21", "end": "00:28:26", "text": "approved in the United States also"}, {"start": "00:28:23", "end": "00:28:28", "text": "didn't make any gigantic news. So,"}, {"start": "00:28:26", "end": "00:28:30", "text": "you're able to like literally buy"}, {"start": "00:28:28", "end": "00:28:32", "text": "Bitcoin ETFs with Bitcoin. The price"}, {"start": "00:28:30", "end": "00:28:36", "text": "goes up and when you sell, you get back"}, {"start": "00:28:32", "end": "00:28:39", "text": "Bitcoin. We also like I'm certain it's a"}, {"start": "00:28:36", "end": "00:28:42", "text": "thing right now. Like, you can get a"}, {"start": "00:28:39", "end": "00:28:45", "text": "mortgage within the United States from"}, {"start": "00:28:42", "end": "00:28:48", "text": "using Bitcoin and stable coins."}, {"start": "00:28:45", "end": "00:28:51", "text": "also didn't make popular news like"}, {"start": "00:28:48", "end": "00:28:53", "text": "nowhere like like that that one drove me"}, {"start": "00:28:51", "end": "00:28:56", "text": "crazy"}, {"start": "00:28:53", "end": "00:28:58", "text": "because I was expecting many many of you"}, {"start": "00:28:56", "end": "00:29:00", "text": "would be like oh yeah I heard that on TV"}, {"start": "00:28:58", "end": "00:29:03", "text": "that wasn't news anywhere this is the"}, {"start": "00:29:00", "end": "00:29:04", "text": "first time in human history in US"}, {"start": "00:29:03", "end": "00:29:07", "text": "history"}, {"start": "00:29:04", "end": "00:29:08", "text": "you can just not use the US dollar to"}, {"start": "00:29:07", "end": "00:29:12", "text": "get a mortgage you can use a"}, {"start": "00:29:08", "end": "00:29:15", "text": "cryptocurrency you can use bitcoin"}, {"start": "00:29:12", "end": "00:29:17", "text": "so the idea of tokenization is basically"}, {"start": "00:29:15", "end": "00:29:21", "text": "moving"}, {"start": "00:29:17", "end": "00:29:24", "text": "stock exchanges on chain, moving them on"}, {"start": "00:29:21", "end": "00:29:27", "text": "top of XRP, moving them on top of"}, {"start": "00:29:24", "end": "00:29:32", "text": "Ethereum, putting them on on on top of I"}, {"start": "00:29:27", "end": "00:29:34", "text": "and I say Cardano nicely here."}, {"start": "00:29:32", "end": "00:29:37", "text": "Like this is what's happening."}, {"start": "00:29:34", "end": "00:29:39", "text": "So no matter how much I rant or rave,"}, {"start": "00:29:37", "end": "00:29:42", "text": "it's not going to change things until"}, {"start": "00:29:39", "end": "00:29:45", "text": "people find out for themselves. I have a"}, {"start": "00:29:42", "end": "00:29:48", "text": "very simple theory that people won't pay"}, {"start": "00:29:45", "end": "00:29:50", "text": "attention until prices are are are too"}, {"start": "00:29:48", "end": "00:29:53", "text": "high. It's it because it's always the"}, {"start": "00:29:50", "end": "00:29:56", "text": "same. It's always the same. If Bitcoin"}, {"start": "00:29:53", "end": "00:30:00", "text": "goes to a million and then subsequently"}, {"start": "00:29:56", "end": "00:30:01", "text": "falls to 780,000 per coin, people will"}, {"start": "00:30:00", "end": "00:30:06", "text": "leave the market again. People, okay,"}, {"start": "00:30:01", "end": "00:30:06", "text": "it's over. Nothing nothing to see here."}, {"start": "00:30:07", "end": "00:30:10", "text": "So, yeah, tokenization is coming to"}, {"start": "00:30:09", "end": "00:30:12", "text": "America. It's actually coming"}, {"start": "00:30:10", "end": "00:30:14", "text": "everywhere. There are a number of uh"}, {"start": "00:30:12", "end": "00:30:15", "text": "stock exchanges around the world. We"}, {"start": "00:30:14", "end": "00:30:17", "text": "recently had news about the um the"}, {"start": "00:30:15", "end": "00:30:20", "text": "NASDAQ, New York Stock Exchange, London"}, {"start": "00:30:17", "end": "00:30:21", "text": "Stock Exchange. We've had sprinkles of"}, {"start": "00:30:20", "end": "00:30:23", "text": "things from Switzerland every now and"}, {"start": "00:30:21", "end": "00:30:25", "text": "again, but many places around the world"}, {"start": "00:30:23", "end": "00:30:28", "text": "are making like rules and regulations"}, {"start": "00:30:25", "end": "00:30:32", "text": "for these things."}, {"start": "00:30:28", "end": "00:30:37", "text": "The world's stock markets"}, {"start": "00:30:32", "end": "00:30:40", "text": "are moving onto XRP and to Ethereum and"}, {"start": "00:30:37", "end": "00:30:44", "text": "to Hyera and to Polygon"}, {"start": "00:30:40", "end": "00:30:44", "text": "and to Salana."}, {"start": "00:30:45", "end": "00:30:50", "text": "Well,"}, {"start": "00:30:47", "end": "00:30:55", "text": "uh here's uh"}, {"start": "00:30:50", "end": "00:30:57", "text": "here's to the early adopters"}, {"start": "00:30:55", "end": "00:30:59", "text": "benefiting the most. those who pay"}, {"start": "00:30:57", "end": "00:31:01", "text": "attention"}, {"start": "00:30:59", "end": "00:31:05", "text": "tend to make the most money. Um, I do"}, {"start": "00:31:01", "end": "00:31:07", "text": "hope that you have all enjoyed."}, {"start": "00:31:05", "end": "00:31:09", "text": "I do hope that you all are having a"}, {"start": "00:31:07", "end": "00:31:10", "text": "great day. Hope you're all having a"}, {"start": "00:31:09", "end": "00:31:12", "text": "great morning, afternoon, evening,"}, {"start": "00:31:10", "end": "00:31:14", "text": "wherever you are, wherever the heck you"}, {"start": "00:31:12", "end": "00:31:16", "text": "might be. I do hope it's absolutely"}, {"start": "00:31:14", "end": "00:31:18", "text": "fantastic."}, {"start": "00:31:16", "end": "00:31:20", "text": "Thank you all once again for watching,"}, {"start": "00:31:18", "end": "00:31:23", "text": "listening, liking, commenting, and"}, {"start": "00:31:20", "end": "00:31:27", "text": "supporting. And I will most certainly be"}, {"start": "00:31:23", "end": "00:31:29", "text": "talking to you all soon."}, {"start": "00:31:27", "end": "00:31:29", "text": "See"}]

[{"start": "00:00:01", "end": "00:00:10", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:12", "text": "Welcome back for another video."}, {"start": "00:00:10", "end": "00:00:16", "text": "Hope you're all doing well. How you"}, {"start": "00:00:12", "end": "00:00:18", "text": "doing? What's new? How's life? What you"}, {"start": "00:00:16", "end": "00:00:21", "text": "buying? What are you investing in? What"}, {"start": "00:00:18", "end": "00:00:23", "text": "have you been up to lately? And that"}, {"start": "00:00:21", "end": "00:00:28", "text": "you're all doing well. [laughter] A very"}, {"start": "00:00:23", "end": "00:00:30", "text": "big thank you to Livio C, FT Clown,"}, {"start": "00:00:28", "end": "00:00:33", "text": "Lyall, Austin, Alexander the Greek,"}, {"start": "00:00:30", "end": "00:00:36", "text": "Gypsy Queen, Trent Jackson,"}, {"start": "00:00:33", "end": "00:00:38", "text": "Gilbo, a snake, and to Finleybass."}, {"start": "00:00:36", "end": "00:00:39", "text": "Very big thank you. I just threw my"}, {"start": "00:00:38", "end": "00:00:40", "text": "phone again. Why do I keep doing that?"}, {"start": "00:00:39", "end": "00:00:43", "text": "And then I can't reach it and I'm like,"}, {"start": "00:00:40", "end": "00:00:47", "text": "what's wrong with me? Uh, very big thank"}, {"start": "00:00:43", "end": "00:00:48", "text": "you to all my Patreon supporters."}, {"start": "00:00:47", "end": "00:00:50", "text": "Don't forget to leave a like. Don't"}, {"start": "00:00:48", "end": "00:00:51", "text": "forget to comment. Don't forget to"}, {"start": "00:00:50", "end": "00:00:56", "text": "subscribe"}, {"start": "00:00:51", "end": "00:01:01", "text": "to the channel. Brand new video every"}, {"start": "00:00:56", "end": "00:01:02", "text": "single gosh darn day since 1922."}, {"start": "00:01:01", "end": "00:01:06", "text": "Isn't that crazy? Yeah, that's a long"}, {"start": "00:01:02", "end": "00:01:11", "text": "time ago. And without any further ado,"}, {"start": "00:01:06", "end": "00:01:14", "text": "let us jump right into it. Uh, I don't"}, {"start": "00:01:11", "end": "00:01:16", "text": "want to No, no, no. I was going to say"}, {"start": "00:01:14", "end": "00:01:20", "text": "the crypto market is currently in a"}, {"start": "00:01:16", "end": "00:01:24", "text": "mania. I think that's a bit too too"}, {"start": "00:01:20", "end": "00:01:27", "text": "much. The last few weeks, however, we"}, {"start": "00:01:24", "end": "00:01:30", "text": "have been uh showered with an abundance"}, {"start": "00:01:27", "end": "00:01:32", "text": "of uh price predictions,"}, {"start": "00:01:30", "end": "00:01:36", "text": "uh news about companies buying large"}, {"start": "00:01:32", "end": "00:01:38", "text": "amounts of cryptoc currencies."}, {"start": "00:01:36", "end": "00:01:42", "text": "I still personally and will probably"}, {"start": "00:01:38", "end": "00:01:45", "text": "believe this for a while. Uh I think"}, {"start": "00:01:42", "end": "00:01:48", "text": "something is up and I think there's"}, {"start": "00:01:45", "end": "00:01:51", "text": "actually more wrong with the economy"}, {"start": "00:01:48", "end": "00:01:54", "text": "than we're being told. And I think that"}, {"start": "00:01:51", "end": "00:01:57", "text": "it feels like as if in some sort of way"}, {"start": "00:01:54", "end": "00:02:01", "text": "the wealthiest people on the planet are"}, {"start": "00:01:57", "end": "00:02:04", "text": "kind of like preparing"}, {"start": "00:02:01", "end": "00:02:07", "text": "by putting so much money in crypto. uh"}, {"start": "00:02:04", "end": "00:02:10", "text": "just because uh you know like two and a"}, {"start": "00:02:07", "end": "00:02:14", "text": "half years ago that wasn't the case. Uh"}, {"start": "00:02:10", "end": "00:02:16", "text": "there was not a lot of news about um the"}, {"start": "00:02:14", "end": "00:02:18", "text": "US debt back then. We would hear you"}, {"start": "00:02:16", "end": "00:02:21", "text": "know we would hear whispers but the main"}, {"start": "00:02:18", "end": "00:02:23", "text": "discussions are uh the Fed cannot get"}, {"start": "00:02:21", "end": "00:02:26", "text": "inflation under control. Interest rates"}, {"start": "00:02:23", "end": "00:02:28", "text": "are too high. US debt continues to rise."}, {"start": "00:02:26", "end": "00:02:31", "text": "There's a problem for some reason in the"}, {"start": "00:02:28", "end": "00:02:33", "text": "news now with France's economy and debt"}, {"start": "00:02:31", "end": "00:02:35", "text": "levels, which was not a thing like 6"}, {"start": "00:02:33", "end": "00:02:37", "text": "months ago. It was not in the news. Now"}, {"start": "00:02:35", "end": "00:02:41", "text": "we're talking a lot more about Japan,"}, {"start": "00:02:37", "end": "00:02:45", "text": "and we're constantly hearing about uh"}, {"start": "00:02:41", "end": "00:02:48", "text": "hundreds of millions and billions"}, {"start": "00:02:45", "end": "00:02:51", "text": "of dollars worth of cryptocurrencies"}, {"start": "00:02:48", "end": "00:02:54", "text": "either being purchased"}, {"start": "00:02:51", "end": "00:02:56", "text": "and or taken off of exchanges. That is"}, {"start": "00:02:54", "end": "00:02:57", "text": "something I I have to keep telling you"}, {"start": "00:02:56", "end": "00:03:00", "text": "this is something we wouldn't normally"}, {"start": "00:02:57", "end": "00:03:01", "text": "hear for like at least another like 15"}, {"start": "00:03:00", "end": "00:03:04", "text": "months,"}, {"start": "00:03:01", "end": "00:03:06", "text": "like a smidge into 2028, we'd start"}, {"start": "00:03:04", "end": "00:03:09", "text": "getting droplets, but for some reason it"}, {"start": "00:03:06", "end": "00:03:11", "text": "seems to be going uh full force. There's"}, {"start": "00:03:09", "end": "00:03:13", "text": "a lot of corporate buying. There's a lot"}, {"start": "00:03:11", "end": "00:03:15", "text": "of ETF inflows. If you missed any of"}, {"start": "00:03:13", "end": "00:03:19", "text": "those news stories, a lot of the ETF"}, {"start": "00:03:15", "end": "00:03:21", "text": "inflow news has been humongous. We've"}, {"start": "00:03:19", "end": "00:03:23", "text": "had news stories of people being like,"}, {"start": "00:03:21", "end": "00:03:25", "text": "\"Yeah, so we think the bull market's"}, {"start": "00:03:23", "end": "00:03:27", "text": "going to be extended because of the"}, {"start": "00:03:25", "end": "00:03:29", "text": "amount of inflows that we're having."}, {"start": "00:03:27", "end": "00:03:32", "text": "Even those have also done like a good"}, {"start": "00:03:29", "end": "00:03:36", "text": "like 7 8 9x in the last couple of weeks."}, {"start": "00:03:32", "end": "00:03:40", "text": "I told you I believe also partially it"}, {"start": "00:03:36", "end": "00:03:43", "text": "was due to the idea if you and I have"}, {"start": "00:03:40", "end": "00:03:46", "text": "access to the charts that show on this"}, {"start": "00:03:43", "end": "00:03:48", "text": "date the cryptobull market begins, these"}, {"start": "00:03:46", "end": "00:03:49", "text": "people have the exact same thing. And"}, {"start": "00:03:48", "end": "00:03:53", "text": "this is where I think a lot of the"}, {"start": "00:03:49", "end": "00:03:57", "text": "fervor is uh currently"}, {"start": "00:03:53", "end": "00:04:01", "text": "deriving itself from. It is always a"}, {"start": "00:03:57", "end": "00:04:04", "text": "pleasure to be in a market where we"}, {"start": "00:04:01", "end": "00:04:07", "text": "hear, you and I, that there's some kind"}, {"start": "00:04:04", "end": "00:04:09", "text": "of significant problem with the world's"}, {"start": "00:04:07", "end": "00:04:11", "text": "economy. Things are going bad. No one's"}, {"start": "00:04:09", "end": "00:04:13", "text": "hiring."}, {"start": "00:04:11", "end": "00:04:14", "text": "Things are getting more expensive. And"}, {"start": "00:04:13", "end": "00:04:16", "text": "then all we get is like, well, yeah,"}, {"start": "00:04:14", "end": "00:04:18", "text": "crypto's being taken off of exchanges."}, {"start": "00:04:16", "end": "00:04:22", "text": "the the richest people are buying it."}, {"start": "00:04:18", "end": "00:04:24", "text": "Institutions and companies and banks are"}, {"start": "00:04:22", "end": "00:04:26", "text": "adopting Bitcoin and Ethereum and XRP"}, {"start": "00:04:24", "end": "00:04:29", "text": "and they're looking at Stellar Lumens"}, {"start": "00:04:26", "end": "00:04:31", "text": "and they're doing it's like, okay, well,"}, {"start": "00:04:29", "end": "00:04:34", "text": "sure. Let's uh let's keep getting the"}, {"start": "00:04:31", "end": "00:04:38", "text": "good news then. So,"}, {"start": "00:04:34", "end": "00:04:39", "text": "for those of you not looking at the"}, {"start": "00:04:38", "end": "00:04:44", "text": "screen,"}, {"start": "00:04:39", "end": "00:04:51", "text": "it says large XRP wallets"}, {"start": "00:04:44", "end": "00:04:54", "text": "and 1.6 6 billion XRP as whale outflows"}, {"start": "00:04:51", "end": "00:05:00", "text": "surge on exchanges."}, {"start": "00:04:54", "end": "00:05:04", "text": "Whale wallets moved 1.6 billion XRP as"}, {"start": "00:05:00", "end": "00:05:07", "text": "outflows from exchanges surged."}, {"start": "00:05:04", "end": "00:05:11", "text": "If you weren't here recently, and I mean"}, {"start": "00:05:07", "end": "00:05:15", "text": "the last month, we had news that uh this"}, {"start": "00:05:11", "end": "00:05:17", "text": "is okay. It was Uphold. Uphold had five"}, {"start": "00:05:15", "end": "00:05:21", "text": "wallets that were created and each of"}, {"start": "00:05:17", "end": "00:05:25", "text": "those wallets within a 24-hour period"}, {"start": "00:05:21", "end": "00:05:29", "text": "purchased each 100 million XRP. Major"}, {"start": "00:05:25", "end": "00:05:32", "text": "news. Then we had news I think 1.2"}, {"start": "00:05:29", "end": "00:05:35", "text": "billion cryp uh XRP left crypto"}, {"start": "00:05:32", "end": "00:05:37", "text": "exchanges not uphold like other crypto"}, {"start": "00:05:35", "end": "00:05:40", "text": "exchanges. There was another company who"}, {"start": "00:05:37", "end": "00:05:44", "text": "announced a hundred or$200 million"}, {"start": "00:05:40", "end": "00:05:45", "text": "purchase of XRP. Ah, and also the most"}, {"start": "00:05:44", "end": "00:05:48", "text": "uh Oh, no, no, no, no, no, no. That's"}, {"start": "00:05:45", "end": "00:05:50", "text": "not the most recent. We also had news a"}, {"start": "00:05:48", "end": "00:05:53", "text": "few days ago as far as like price"}, {"start": "00:05:50", "end": "00:05:56", "text": "predictions. And there's a lot of 32,"}, {"start": "00:05:53", "end": "00:05:58", "text": "$38, $42 price predictions. There was"}, {"start": "00:05:56", "end": "00:06:01", "text": "one person's chart. He was showing that"}, {"start": "00:05:58", "end": "00:06:04", "text": "by the beginning"}, {"start": "00:06:01", "end": "00:06:08", "text": "of next year, we're looking at a 5 to7"}, {"start": "00:06:04", "end": "00:06:10", "text": "XRP. his chart showed sometime in 2027"}, {"start": "00:06:08", "end": "00:06:12", "text": "through like I think it was called a"}, {"start": "00:06:10", "end": "00:06:15", "text": "blue fractal if I if my mind remembers"}, {"start": "00:06:12", "end": "00:06:20", "text": "correctly it was like a $38 XRP"}, {"start": "00:06:15", "end": "00:06:21", "text": "everyone's revealing very high uh price"}, {"start": "00:06:20", "end": "00:06:24", "text": "predictions for a number of"}, {"start": "00:06:21", "end": "00:06:27", "text": "cryptocurrencies the thing that we also"}, {"start": "00:06:24", "end": "00:06:30", "text": "had which caused a a rumbly in the"}, {"start": "00:06:27", "end": "00:06:34", "text": "market uh was that"}, {"start": "00:06:30", "end": "00:06:37", "text": "due to so much gargantuan whale"}, {"start": "00:06:34", "end": "00:06:41", "text": "accumulation in the cryptocurrency"}, {"start": "00:06:37", "end": "00:06:43", "text": "market right now. Um, you and I use the"}, {"start": "00:06:41", "end": "00:06:45", "text": "word only,"}, {"start": "00:06:43", "end": "00:06:48", "text": "you only"}, {"start": "00:06:45", "end": "00:06:53", "text": "need 2,900"}, {"start": "00:06:48", "end": "00:06:56", "text": "XRP to be in the top 10% of holders on"}, {"start": "00:06:53", "end": "00:06:56", "text": "the globe."}, {"start": "00:06:57", "end": "00:07:03", "text": "So much XRP has been accumulated by"}, {"start": "00:07:00", "end": "00:07:05", "text": "whales in the last few years and even"}, {"start": "00:07:03", "end": "00:07:09", "text": "more so now"}, {"start": "00:07:05", "end": "00:07:14", "text": "that due to even how great and large"}, {"start": "00:07:09", "end": "00:07:18", "text": "XRP's supply is if you have 2,900"}, {"start": "00:07:14", "end": "00:07:22", "text": "you're in the top 10% boy."}, {"start": "00:07:18", "end": "00:07:24", "text": "Isn't that insane? So"}, {"start": "00:07:22", "end": "00:07:26", "text": "I don't know how many of you are paying"}, {"start": "00:07:24", "end": "00:07:29", "text": "attention. I don't know how many of you"}, {"start": "00:07:26", "end": "00:07:31", "text": "are uh chatting with your friends as of"}, {"start": "00:07:29", "end": "00:07:33", "text": "late that something seems to be up"}, {"start": "00:07:31", "end": "00:07:35", "text": "because it most certainly feels that way"}, {"start": "00:07:33", "end": "00:07:38", "text": "to me. There's definitely something"}, {"start": "00:07:35", "end": "00:07:42", "text": "taking place. Something is being planned"}, {"start": "00:07:38", "end": "00:07:44", "text": "or prepared and if it wasn't so obvious."}, {"start": "00:07:42", "end": "00:07:47", "text": "I think I also maybe wouldn't be putting"}, {"start": "00:07:44", "end": "00:07:49", "text": "too much emphasis on it either. But once"}, {"start": "00:07:47", "end": "00:07:51", "text": "again,"}, {"start": "00:07:49", "end": "00:07:52", "text": "there's a reason why they're buying so"}, {"start": "00:07:51", "end": "00:07:54", "text": "much. There's a reason why they're"}, {"start": "00:07:52", "end": "00:07:56", "text": "taking so much off of crypto exchanges,"}, {"start": "00:07:54", "end": "00:07:59", "text": "why there's such like a focus now from"}, {"start": "00:07:56", "end": "00:08:03", "text": "all these highlevel institutions who are"}, {"start": "00:07:59", "end": "00:08:05", "text": "seemingly out out of nowhere on board."}, {"start": "00:08:03", "end": "00:08:09", "text": "They love crypto. They're buying up tons"}, {"start": "00:08:05", "end": "00:08:10", "text": "of it. I think logically this will all"}, {"start": "00:08:09", "end": "00:08:12", "text": "become clear in the next couple of"}, {"start": "00:08:10", "end": "00:08:14", "text": "years. That's how things are. Hindsight"}, {"start": "00:08:12", "end": "00:08:16", "text": "2020, yada yada. But we'll be able to"}, {"start": "00:08:14", "end": "00:08:19", "text": "look back and go like, \"Oh yeah, of"}, {"start": "00:08:16", "end": "00:08:22", "text": "course, of course XRP was going to $32."}, {"start": "00:08:19", "end": "00:08:24", "text": "How could we not have seen that Bitcoin"}, {"start": "00:08:22", "end": "00:08:28", "text": "would be $780,000"}, {"start": "00:08:24", "end": "00:08:32", "text": "per coin? It it is what it is. But it's"}, {"start": "00:08:28", "end": "00:08:35", "text": "um it is if nothing else interesting to"}, {"start": "00:08:32", "end": "00:08:39", "text": "me how quickly all of this is happening"}, {"start": "00:08:35", "end": "00:08:42", "text": "in such a a short time frame. I, like"}, {"start": "00:08:39", "end": "00:08:42", "text": "many of you, would love nothing more"}, {"start": "00:08:42", "end": "00:08:46", "text": "[laughter]"}, {"start": "00:08:42", "end": "00:08:49", "text": "than for crypto prices to do a 10 15x uh"}, {"start": "00:08:46", "end": "00:08:52", "text": "over the course of the next 18 or so"}, {"start": "00:08:49", "end": "00:08:54", "text": "months, but uh as far as we've been"}, {"start": "00:08:52", "end": "00:08:57", "text": "told,"}, {"start": "00:08:54", "end": "00:09:01", "text": "it's right around the corner. That's the"}, {"start": "00:08:57", "end": "00:09:04", "text": "uh XRP whales continue to buy enormous"}, {"start": "00:09:01", "end": "00:09:06", "text": "amounts of XRP and also take them off of"}, {"start": "00:09:04", "end": "00:09:09", "text": "exchanges. Usually, for those of you who"}, {"start": "00:09:06", "end": "00:09:11", "text": "don't know, the idea of taking them off"}, {"start": "00:09:09", "end": "00:09:14", "text": "as of exchanges basically decreases the"}, {"start": "00:09:11", "end": "00:09:16", "text": "available supply for you and I to be"}, {"start": "00:09:14", "end": "00:09:19", "text": "able to purchase. And therefore, when"}, {"start": "00:09:16", "end": "00:09:23", "text": "the masses run to the market to try and"}, {"start": "00:09:19", "end": "00:09:25", "text": "chase some gains, prices going up,"}, {"start": "00:09:23", "end": "00:09:27", "text": "there's not a lot left for them. So,"}, {"start": "00:09:25", "end": "00:09:29", "text": "they're basically grabbing at scraps."}, {"start": "00:09:27", "end": "00:09:30", "text": "And every time they grab a scrap, the"}, {"start": "00:09:29", "end": "00:09:35", "text": "price goes up because there's not a lot"}, {"start": "00:09:30", "end": "00:09:38", "text": "left for them to buy. So, you know, bull"}, {"start": "00:09:35", "end": "00:09:42", "text": "market and all that. Okie dokie."}, {"start": "00:09:38", "end": "00:09:42", "text": "Let's move on."}, {"start": "00:09:42", "end": "00:09:49", "text": "Also in the news, Strive,"}, {"start": "00:09:45", "end": "00:09:52", "text": "not Strike or Stripe. Strive is in the"}, {"start": "00:09:49", "end": "00:09:56", "text": "news. It says Strive completes its third"}, {"start": "00:09:52", "end": "00:09:59", "text": "largest Bitcoin purchase, adding 2,000"}, {"start": "00:09:56", "end": "00:10:03", "text": "Bitcoin. Strive is one of the companies"}, {"start": "00:09:59", "end": "00:10:06", "text": "who I believe last year announced that"}, {"start": "00:10:03", "end": "00:10:08", "text": "they also were creating some kind of a a"}, {"start": "00:10:06", "end": "00:10:11", "text": "crypto treasury"}, {"start": "00:10:08", "end": "00:10:13", "text": "of sorts. Uh they're also one of the"}, {"start": "00:10:11", "end": "00:10:17", "text": "companies who you and I have been"}, {"start": "00:10:13", "end": "00:10:19", "text": "talking about because um normally a lot"}, {"start": "00:10:17", "end": "00:10:23", "text": "of companies in the cryptocurrency space"}, {"start": "00:10:19", "end": "00:10:28", "text": "they tend to especially last year uh"}, {"start": "00:10:23", "end": "00:10:32", "text": "they would purchase around 85 bitcoin"}, {"start": "00:10:28", "end": "00:10:34", "text": "116 bitcoin 55 bitcoin over the course"}, {"start": "00:10:32", "end": "00:10:36", "text": "of a month. Quite you know that's still"}, {"start": "00:10:34", "end": "00:10:39", "text": "a huge amount of money. uh these"}, {"start": "00:10:36", "end": "00:10:42", "text": "companies the last two or three months"}, {"start": "00:10:39", "end": "00:10:45", "text": "have for some reason raised their"}, {"start": "00:10:42", "end": "00:10:48", "text": "numbers significantly. Uh I assume they"}, {"start": "00:10:45", "end": "00:10:50", "text": "know that the having is upon us. Uh they"}, {"start": "00:10:48", "end": "00:10:52", "text": "probably also are well aware that"}, {"start": "00:10:50", "end": "00:10:55", "text": "there's less Bitcoin than the than the"}, {"start": "00:10:52", "end": "00:10:58", "text": "public is paying attention to. Um also"}, {"start": "00:10:55", "end": "00:11:01", "text": "they've also like done like a 19x on"}, {"start": "00:10:58", "end": "00:11:04", "text": "their levels of purchases."}, {"start": "00:11:01", "end": "00:11:09", "text": "So, um, yeah, they recently purchased"}, {"start": "00:11:04", "end": "00:11:12", "text": "2,000 Bitcoin. We had in the news"}, {"start": "00:11:09", "end": "00:11:15", "text": "as well for those of you who missed it."}, {"start": "00:11:12", "end": "00:11:17", "text": "I think Metaplanet a couple of days ago"}, {"start": "00:11:15", "end": "00:11:21", "text": "also purchased a huge amount of of"}, {"start": "00:11:17", "end": "00:11:23", "text": "Bitcoin. There was a bit of controversy"}, {"start": "00:11:21", "end": "00:11:26", "text": "around the situation because Metaplanet"}, {"start": "00:11:23", "end": "00:11:29", "text": "apparently sold some Bitcoin"}, {"start": "00:11:26", "end": "00:11:32", "text": "and then purchased it right back. It was"}, {"start": "00:11:29", "end": "00:11:37", "text": "done apparently to show investors that"}, {"start": "00:11:32", "end": "00:11:39", "text": "they were um fiscally responsible and"}, {"start": "00:11:37", "end": "00:11:41", "text": "that in times of crisis or need they"}, {"start": "00:11:39", "end": "00:11:43", "text": "would be able to sell their Bitcoin"}, {"start": "00:11:41", "end": "00:11:46", "text": "without it affecting the actual spot"}, {"start": "00:11:43", "end": "00:11:48", "text": "price which is what they did. Then we"}, {"start": "00:11:46", "end": "00:11:51", "text": "also had a micro strategy back in the"}, {"start": "00:11:48", "end": "00:11:54", "text": "news as well. And I reiterate as well, a"}, {"start": "00:11:51", "end": "00:11:57", "text": "lot of times when we if not all in the"}, {"start": "00:11:54", "end": "00:12:00", "text": "crypto space, when we hear about"}, {"start": "00:11:57", "end": "00:12:02", "text": "these companies buying"}, {"start": "00:12:00", "end": "00:12:04", "text": "or the ETFs"}, {"start": "00:12:02", "end": "00:12:07", "text": "accumulating, you have to keep in mind"}, {"start": "00:12:04", "end": "00:12:09", "text": "these are the companies who want"}, {"start": "00:12:07", "end": "00:12:11", "text": "to be public. Many of them have no"}, {"start": "00:12:09", "end": "00:12:13", "text": "desire to announce that they're doing"}, {"start": "00:12:11", "end": "00:12:15", "text": "anything. many all the family offices."}, {"start": "00:12:13", "end": "00:12:17", "text": "We're not hearing from any wealthy of"}, {"start": "00:12:15", "end": "00:12:20", "text": "the thousands of family offices on the"}, {"start": "00:12:17", "end": "00:12:23", "text": "planet who are buying up 15 20 bitcoin"}, {"start": "00:12:20", "end": "00:12:24", "text": "per week or per month. We're not hearing"}, {"start": "00:12:23", "end": "00:12:28", "text": "about any of them. So there's a huge"}, {"start": "00:12:24", "end": "00:12:33", "text": "amount of accumulation happening and I"}, {"start": "00:12:28", "end": "00:12:36", "text": "believe we are um witnessing the wealth"}, {"start": "00:12:33", "end": "00:12:40", "text": "transfer right now and"}, {"start": "00:12:36", "end": "00:12:42", "text": "um I think people with assets are going"}, {"start": "00:12:40", "end": "00:12:46", "text": "to do incredibly well in the coming"}, {"start": "00:12:42", "end": "00:12:47", "text": "years. That's um that's just logic"}, {"start": "00:12:46", "end": "00:12:49", "text": "because that's the way that the world"}, {"start": "00:12:47", "end": "00:12:52", "text": "works"}, {"start": "00:12:49", "end": "00:12:52", "text": "right now."}, {"start": "00:12:53", "end": "00:12:58", "text": "I I I I I I swear these people are just"}, {"start": "00:12:56", "end": "00:13:01", "text": "like playing games at this point. Uh for"}, {"start": "00:12:58", "end": "00:13:05", "text": "those of you not looking at the screen,"}, {"start": "00:13:01", "end": "00:13:08", "text": "Tom Lee's Bitmine [laughter]"}, {"start": "00:13:05", "end": "00:13:10", "text": "is back in the news. They are near their"}, {"start": "00:13:08", "end": "00:13:12", "text": "5%."}, {"start": "00:13:10", "end": "00:13:16", "text": "I feel like they're never going to get"}, {"start": "00:13:12", "end": "00:13:20", "text": "there. Tomley's Bitine nears 5% of Ether"}, {"start": "00:13:16", "end": "00:13:23", "text": "supply with a recent $41 million"}, {"start": "00:13:20", "end": "00:13:25", "text": "Ethereum purchase."}, {"start": "00:13:23", "end": "00:13:28", "text": "Publicly traded Ethereum treasury firm"}, {"start": "00:13:25", "end": "00:13:32", "text": "Bitmine Immersion Technologies announced"}, {"start": "00:13:28", "end": "00:13:35", "text": "on Monday that it has edged closer to"}, {"start": "00:13:32", "end": "00:13:39", "text": "its stated goal of obtaining 5%"}, {"start": "00:13:35", "end": "00:13:41", "text": "of the circulating supply of Ethereum,"}, {"start": "00:13:39", "end": "00:13:43", "text": "adding about $41 million worth of the"}, {"start": "00:13:41", "end": "00:13:48", "text": "cryptocurrency to its holdings over the"}, {"start": "00:13:43", "end": "00:13:51", "text": "last week. These people have been at 4.8"}, {"start": "00:13:48", "end": "00:13:54", "text": "8 something%. It feels like at least"}, {"start": "00:13:51", "end": "00:13:57", "text": "four decades."}, {"start": "00:13:54", "end": "00:14:00", "text": "They announced two years ago. Time is"}, {"start": "00:13:57", "end": "00:14:02", "text": "flying by. Isn't it like it's almost"}, {"start": "00:14:00", "end": "00:14:06", "text": "Okay. It it feels weird that it's almost"}, {"start": "00:14:02", "end": "00:14:09", "text": "November. No. Anyone this year? I I"}, {"start": "00:14:06", "end": "00:14:11", "text": "remember it being July. And I And I I"}, {"start": "00:14:09", "end": "00:14:13", "text": "keep one of the things if you if you"}, {"start": "00:14:11", "end": "00:14:15", "text": "haven't noticed, of course you have."}, {"start": "00:14:13", "end": "00:14:18", "text": "when I like reference time in the video,"}, {"start": "00:14:15", "end": "00:14:21", "text": "it's it's also for me. A lot of times I"}, {"start": "00:14:18", "end": "00:14:24", "text": "sit here and I'm like about three months"}, {"start": "00:14:21", "end": "00:14:26", "text": "ago. I have to do it because I was I I I"}, {"start": "00:14:24", "end": "00:14:27", "text": "was just chatting with someone and we"}, {"start": "00:14:26", "end": "00:14:28", "text": "were talking about something that"}, {"start": "00:14:27", "end": "00:14:30", "text": "happened and I was like, \"Yeah, it"}, {"start": "00:14:28", "end": "00:14:32", "text": "happened like two weeks ago.\" And he was"}, {"start": "00:14:30", "end": "00:14:33", "text": "like, \"That was in June.\" And I was"}, {"start": "00:14:32", "end": "00:14:35", "text": "like, \"No, it wasn't.\" So I looked"}, {"start": "00:14:33", "end": "00:14:38", "text": "through my phone like for like photos"}, {"start": "00:14:35", "end": "00:14:41", "text": "and videos of the event and I was like"}, {"start": "00:14:38", "end": "00:14:44", "text": "that was that was the 21st of June. In"}, {"start": "00:14:41", "end": "00:14:46", "text": "my mind, it was just like weeks ago."}, {"start": "00:14:44", "end": "00:14:49", "text": "It's it's it's in this year's basically"}, {"start": "00:14:46", "end": "00:14:52", "text": "almost over. It is absolutely"}, {"start": "00:14:49", "end": "00:14:55", "text": "insane how quickly time has gone. I"}, {"start": "00:14:52", "end": "00:14:56", "text": "believe about two years ago, uh Tom Lee"}, {"start": "00:14:55", "end": "00:15:01", "text": "announced that the company wanted to"}, {"start": "00:14:56", "end": "00:15:04", "text": "acquire 5% of all Ethereum. Sure, why"}, {"start": "00:15:01", "end": "00:15:07", "text": "not? Uh their purchases were like swift."}, {"start": "00:15:04", "end": "00:15:09", "text": "So, they got half a percent, 1%, 1.4, 4"}, {"start": "00:15:07", "end": "00:15:13", "text": "1.9 and for some reason by the time they"}, {"start": "00:15:09", "end": "00:15:15", "text": "got to around like 4.5%."}, {"start": "00:15:13", "end": "00:15:16", "text": "They just they just they just they just"}, {"start": "00:15:15", "end": "00:15:18", "text": "they they lowered the amount of Ethereum"}, {"start": "00:15:16", "end": "00:15:20", "text": "that they were buying. I don't know if"}, {"start": "00:15:18", "end": "00:15:23", "text": "it's because they didn't want to reach"}, {"start": "00:15:20", "end": "00:15:25", "text": "their goal too quickly or maybe they're"}, {"start": "00:15:23", "end": "00:15:27", "text": "giving other people a chance. Mark, I"}, {"start": "00:15:25", "end": "00:15:30", "text": "don't know what's going on, but uh we"}, {"start": "00:15:27", "end": "00:15:34", "text": "keep hearing every about 10 days they're"}, {"start": "00:15:30", "end": "00:15:37", "text": "back in the news and just how first of"}, {"start": "00:15:34", "end": "00:15:39", "text": "all 41 million is a lot. Let's not sit"}, {"start": "00:15:37", "end": "00:15:41", "text": "here and be like, \"Well, it's not a"}, {"start": "00:15:39", "end": "00:15:43", "text": "billion.\" Imagine someone handed you $41"}, {"start": "00:15:41", "end": "00:15:47", "text": "million right now. You would not be"}, {"start": "00:15:43", "end": "00:15:49", "text": "like, \"Wish I had a billion.\" You You'd"}, {"start": "00:15:47", "end": "00:15:50", "text": "be running down the street away from"}, {"start": "00:15:49", "end": "00:15:54", "text": "that person just in case you're like,"}, {"start": "00:15:50", "end": "00:15:57", "text": "\"Take backseaties.\" Anyway, um I haven't"}, {"start": "00:15:54", "end": "00:15:59", "text": "I haven't heard the term take back seas."}, {"start": "00:15:57", "end": "00:16:01", "text": "It must have been about 70 years at this"}, {"start": "00:15:59", "end": "00:16:04", "text": "point. [laughter] Forgot that was even a"}, {"start": "00:16:01", "end": "00:16:09", "text": "phrase. Anywh who, yes, this was"}, {"start": "00:16:04", "end": "00:16:13", "text": "actually big news. Um I am"}, {"start": "00:16:09", "end": "00:16:16", "text": "question marking the sky because I want"}, {"start": "00:16:13", "end": "00:16:19", "text": "to know what they're going to do after"}, {"start": "00:16:16", "end": "00:16:21", "text": "they get to the 5%. Um some of this is"}, {"start": "00:16:19", "end": "00:16:24", "text": "cut off, but it is what it is. It says"}, {"start": "00:16:21", "end": "00:16:27", "text": "Bit Mine buys $41 million more of"}, {"start": "00:16:24", "end": "00:16:32", "text": "Ethereum. They are currently they are"}, {"start": "00:16:27", "end": "00:16:32", "text": "currently they are currently at 99%."}, {"start": "00:16:32", "end": "00:16:38", "text": "99%"}, {"start": "00:16:33", "end": "00:16:43", "text": "of their 5% target. The purchase lifts"}, {"start": "00:16:38", "end": "00:16:47", "text": "Bitmine's stash past 6 million Ethereum,"}, {"start": "00:16:43", "end": "00:16:52", "text": "4.9% of the supply and 99% of its way to"}, {"start": "00:16:47", "end": "00:16:52", "text": "the alchemy of 5%."}, {"start": "00:16:52", "end": "00:16:55", "text": ">> [sighs]"}, {"start": "00:16:53", "end": "00:16:59", "text": ">> Chairman Tom Lee says Ethereum is"}, {"start": "00:16:55", "end": "00:17:01", "text": "dwarfing other macro assets that enters"}, {"start": "00:16:59", "end": "00:17:03", "text": "the news. I I give you more of the"}, {"start": "00:17:01", "end": "00:17:06", "text": "numbers. So like you know when they"}, {"start": "00:17:03", "end": "00:17:09", "text": "purchase then we go over the purchase re"}, {"start": "00:17:06", "end": "00:17:11", "text": "recently recent rec recent recently uh"}, {"start": "00:17:09", "end": "00:17:15", "text": "Tom Lee's been in the news talking about"}, {"start": "00:17:11", "end": "00:17:17", "text": "how Ethereum is outperforming like every"}, {"start": "00:17:15", "end": "00:17:21", "text": "other asset."}, {"start": "00:17:17", "end": "00:17:25", "text": "I can't verify that, but I I feel like"}, {"start": "00:17:21", "end": "00:17:28", "text": "I don't know it if if if Ethereum was"}, {"start": "00:17:25", "end": "00:17:30", "text": "like 4,600"}, {"start": "00:17:28", "end": "00:17:32", "text": "right now, I be like, \"Oh my gosh, it's"}, {"start": "00:17:30", "end": "00:17:37", "text": "outperforming everything.\" But I feel"}, {"start": "00:17:32", "end": "00:17:39", "text": "like it's kind of doing just as well as"}, {"start": "00:17:37", "end": "00:17:43", "text": "many other assets across the board. But"}, {"start": "00:17:39", "end": "00:17:45", "text": "sure, why not? Uh almost there. I I"}, {"start": "00:17:43", "end": "00:17:48", "text": "predicted sometime around November they"}, {"start": "00:17:45", "end": "00:17:52", "text": "would get there. Let's please let's just"}, {"start": "00:17:48", "end": "00:17:54", "text": "do it now because I I can almost assure"}, {"start": "00:17:52", "end": "00:17:56", "text": "you by Christmas time they're going to"}, {"start": "00:17:54", "end": "00:17:59", "text": "be like you know what let's try and get"}, {"start": "00:17:56", "end": "00:18:01", "text": "to 6% and then we are going to be stuck"}, {"start": "00:17:59", "end": "00:18:02", "text": "in this loop forever of them buying"}, {"start": "00:18:01", "end": "00:18:05", "text": "$1545"}, {"start": "00:18:02", "end": "00:18:09", "text": "of Ethereum just so that they can slowly"}, {"start": "00:18:05", "end": "00:18:16", "text": "get to 6%. But I assume this rests"}, {"start": "00:18:09", "end": "00:18:19", "text": "heavily on the back of uh Tom Lee says"}, {"start": "00:18:16", "end": "00:18:23", "text": "that he believes that by the end of this"}, {"start": "00:18:19", "end": "00:18:26", "text": "year he's expecting a $6,000 Ethereum"}, {"start": "00:18:23", "end": "00:18:28", "text": "this year. This year? Yes, I know. Yes."}, {"start": "00:18:26", "end": "00:18:30", "text": "It's it's an insane increase. He said"}, {"start": "00:18:28", "end": "00:18:33", "text": "this year."}, {"start": "00:18:30", "end": "00:18:37", "text": "next year. He proclaimed by summer we"}, {"start": "00:18:33", "end": "00:18:40", "text": "should be well above 10,000. And then by"}, {"start": "00:18:37", "end": "00:18:44", "text": "the time we get to 2029,"}, {"start": "00:18:40", "end": "00:18:48", "text": "he's expecting a $44,000"}, {"start": "00:18:44", "end": "00:18:52", "text": "plus Ethereum."}, {"start": "00:18:48", "end": "00:18:55", "text": "So would love to get to those numbers."}, {"start": "00:18:52", "end": "00:18:57", "text": "If Ethereum does a 22x in price, I need"}, {"start": "00:18:55", "end": "00:19:00", "text": "to tell you that the altcoins you're"}, {"start": "00:18:57", "end": "00:19:02", "text": "holding are going to surge."}, {"start": "00:19:00", "end": "00:19:04", "text": "They're not going to do like slightly"}, {"start": "00:19:02", "end": "00:19:08", "text": "well like they're going to put you in a"}, {"start": "00:19:04", "end": "00:19:11", "text": "very different financial place."}, {"start": "00:19:08", "end": "00:19:17", "text": "That's the Bit Mine news. Let's see what"}, {"start": "00:19:11", "end": "00:19:20", "text": "um see what happens. Okie dokie."}, {"start": "00:19:17", "end": "00:19:24", "text": "Let's move on"}, {"start": "00:19:20", "end": "00:19:26", "text": "in. You know what? Sure. Wh why why the"}, {"start": "00:19:24", "end": "00:19:30", "text": "fudge not? For those of you not looking"}, {"start": "00:19:26", "end": "00:19:33", "text": "at the screen, Barry Silbert is back in"}, {"start": "00:19:30", "end": "00:19:38", "text": "the news. Why, you might ask? Uh because"}, {"start": "00:19:33", "end": "00:19:40", "text": "in very, very odd news, um he apparently"}, {"start": "00:19:38", "end": "00:19:44", "text": "predicted something and like it's now"}, {"start": "00:19:40", "end": "00:19:46", "text": "coming true. Do you remember"}, {"start": "00:19:44", "end": "00:19:49", "text": "a couple of times I've told you that"}, {"start": "00:19:46", "end": "00:19:50", "text": "when I first got into the crypto market,"}, {"start": "00:19:49", "end": "00:19:53", "text": "I did a lot of like research for like a"}, {"start": "00:19:50", "end": "00:19:55", "text": "number of years, like years. the the the"}, {"start": "00:19:53", "end": "00:19:57", "text": "crypto market was too weird for me. It"}, {"start": "00:19:55", "end": "00:20:00", "text": "made no sense. I didn't understand like"}, {"start": "00:19:57", "end": "00:20:02", "text": "h what do you mean you can't like"}, {"start": "00:20:00", "end": "00:20:05", "text": "physically touch Bitcoin? Like how how"}, {"start": "00:20:02", "end": "00:20:08", "text": "is that supposed to like that? Anyway,"}, {"start": "00:20:05", "end": "00:20:10", "text": "um I remember watching tons of videos"}, {"start": "00:20:08", "end": "00:20:12", "text": "from a lot of these like people. These"}, {"start": "00:20:10", "end": "00:20:15", "text": "were like the original gurus in the in"}, {"start": "00:20:12", "end": "00:20:18", "text": "the olden days in 2011 and they would"}, {"start": "00:20:15", "end": "00:20:21", "text": "talk quite confidently"}, {"start": "00:20:18", "end": "00:20:25", "text": "about Bitcoin."}, {"start": "00:20:21", "end": "00:20:29", "text": "Um this is where I think"}, {"start": "00:20:25", "end": "00:20:31", "text": "a lot of the uh and I say joking a lot"}, {"start": "00:20:29", "end": "00:20:34", "text": "of the joking suspicion uh comes from"}, {"start": "00:20:31", "end": "00:20:37", "text": "where people are like yeah you know like"}, {"start": "00:20:34", "end": "00:20:39", "text": "like the Bitcoin time traveler etc etc."}, {"start": "00:20:37", "end": "00:20:42", "text": "These people used to predict stuff and I"}, {"start": "00:20:39", "end": "00:20:44", "text": "mean it sounded completely"}, {"start": "00:20:42", "end": "00:20:46", "text": "bizarre."}, {"start": "00:20:44", "end": "00:20:49", "text": "They would predict like you know"}, {"start": "00:20:46", "end": "00:20:51", "text": "exceedingly high US debt levels. They"}, {"start": "00:20:49", "end": "00:20:53", "text": "said at some point like in the 2020s we"}, {"start": "00:20:51", "end": "00:20:56", "text": "are going to see inflation like"}, {"start": "00:20:53", "end": "00:20:57", "text": "literally destroy economies."}, {"start": "00:20:56", "end": "00:21:00", "text": "people would not be able to hold on"}, {"start": "00:20:57", "end": "00:21:01", "text": "anymore and we would they even predicted"}, {"start": "00:21:00", "end": "00:21:04", "text": "like like what we call like paper"}, {"start": "00:21:01", "end": "00:21:06", "text": "Bitcoin like ETFs a number of year like"}, {"start": "00:21:04", "end": "00:21:07", "text": "they said like when this happens there"}, {"start": "00:21:06", "end": "00:21:09", "text": "would be a number of companies who would"}, {"start": "00:21:07", "end": "00:21:11", "text": "try and like fake how much Bitcoin they"}, {"start": "00:21:09", "end": "00:21:14", "text": "had but you can't fake it because we can"}, {"start": "00:21:11", "end": "00:21:17", "text": "tell on chain and these are the original"}, {"start": "00:21:14", "end": "00:21:19", "text": "people who kind of presented the idea of"}, {"start": "00:21:17", "end": "00:21:22", "text": "like hyper bitcoinization to us this"}, {"start": "00:21:19", "end": "00:21:24", "text": "idea of like the world just running on"}, {"start": "00:21:22", "end": "00:21:26", "text": "crypto"}, {"start": "00:21:24", "end": "00:21:29", "text": "bitcoin being like the mainstay Okay."}, {"start": "00:21:26", "end": "00:21:31", "text": "Uh, Bitcoin being used by very wealthy"}, {"start": "00:21:29", "end": "00:21:35", "text": "people who have accumulated all of it."}, {"start": "00:21:31", "end": "00:21:39", "text": "Uh, anyway is I I always want to talk"}, {"start": "00:21:35", "end": "00:21:39", "text": "more about it, but it just sounds"}, {"start": "00:21:39", "end": "00:21:42", "text": "sounds a little cuckoo sometimes like"}, {"start": "00:21:41", "end": "00:21:45", "text": "when you actually like say it out loud."}, {"start": "00:21:42", "end": "00:21:46", "text": "But the weirdest part is almost"}, {"start": "00:21:45", "end": "00:21:49", "text": "everything these people said has"}, {"start": "00:21:46", "end": "00:21:52", "text": "completely come true. So recently in the"}, {"start": "00:21:49", "end": "00:21:54", "text": "news, uh Barry Silbert apparently in"}, {"start": "00:21:52", "end": "00:21:57", "text": "2011"}, {"start": "00:21:54", "end": "00:22:00", "text": "was already once again 2011 Bitcoin came"}, {"start": "00:21:57", "end": "00:22:02", "text": "out 2009"}, {"start": "00:22:00", "end": "00:22:05", "text": "this guy was already talking about like"}, {"start": "00:22:02", "end": "00:22:07", "text": "tokenization and how"}, {"start": "00:22:05", "end": "00:22:10", "text": "without having to like go too deep into"}, {"start": "00:22:07", "end": "00:22:12", "text": "the article, he was basically going over"}, {"start": "00:22:10", "end": "00:22:14", "text": "what Bitcoin and crypto were going to do"}, {"start": "00:22:12", "end": "00:22:16", "text": "and he kind of predicted that in the"}, {"start": "00:22:14", "end": "00:22:18", "text": "future uh there would be the stock"}, {"start": "00:22:16", "end": "00:22:20", "text": "market and like other markets And the"}, {"start": "00:22:18", "end": "00:22:22", "text": "other market, as you might imagine, is"}, {"start": "00:22:20", "end": "00:22:24", "text": "actually the tokenization market. So he"}, {"start": "00:22:22", "end": "00:22:26", "text": "was saying that it's going to allow"}, {"start": "00:22:24", "end": "00:22:27", "text": "basically normal people to not have to"}, {"start": "00:22:26", "end": "00:22:30", "text": "deal with the stock market. There would"}, {"start": "00:22:27", "end": "00:22:32", "text": "be like access to financial instruments"}, {"start": "00:22:30", "end": "00:22:34", "text": "for everyone on the planet. And this is"}, {"start": "00:22:32", "end": "00:22:35", "text": "now what we know as like the idea of"}, {"start": "00:22:34", "end": "00:22:38", "text": "tokenization and stuff like that on"}, {"start": "00:22:35", "end": "00:22:43", "text": "chain. But uh this made popular news"}, {"start": "00:22:38", "end": "00:22:46", "text": "because these people for some"}, {"start": "00:22:43", "end": "00:22:48", "text": "odd reason just um happened to know"}, {"start": "00:22:46", "end": "00:22:51", "text": "everything that was going to happen in"}, {"start": "00:22:48", "end": "00:22:55", "text": "the cryptocurrency market. I'll leave"}, {"start": "00:22:51", "end": "00:22:59", "text": "you to decide um how weird that is or"}, {"start": "00:22:55", "end": "00:23:01", "text": "isn't. Uh we're at the point where if"}, {"start": "00:22:59", "end": "00:23:04", "text": "you are unaware uh we're at the point"}, {"start": "00:23:01", "end": "00:23:07", "text": "historically where basically uh"}, {"start": "00:23:04", "end": "00:23:09", "text": "economies are going to start collapsing"}, {"start": "00:23:07", "end": "00:23:12", "text": "that's the next step for those of you"}, {"start": "00:23:09", "end": "00:23:14", "text": "who are unaware uh the idea is that"}, {"start": "00:23:12", "end": "00:23:16", "text": "people and I mean they say it very"}, {"start": "00:23:14", "end": "00:23:19", "text": "eloquently but it's probably going to be"}, {"start": "00:23:16", "end": "00:23:21", "text": "quite chaotic. Uh the idea is that like"}, {"start": "00:23:19", "end": "00:23:23", "text": "governments would not be able to like"}, {"start": "00:23:21", "end": "00:23:25", "text": "hold on anymore. that levels would get"}, {"start": "00:23:23", "end": "00:23:30", "text": "too high, things would begin to crumble"}, {"start": "00:23:25", "end": "00:23:32", "text": "and collectively the people, humans, uh"}, {"start": "00:23:30", "end": "00:23:34", "text": "would decide, you know, we need to find"}, {"start": "00:23:32", "end": "00:23:37", "text": "an alternative and they would"}, {"start": "00:23:34", "end": "00:23:40", "text": "essentially choose the crypto market and"}, {"start": "00:23:37", "end": "00:23:42", "text": "slash or Bitcoin as like the answer and"}, {"start": "00:23:40", "end": "00:23:44", "text": "they would start using that as opposed"}, {"start": "00:23:42", "end": "00:23:48", "text": "to anything else. I think that the"}, {"start": "00:23:44", "end": "00:23:51", "text": "2040s, if I'm not mistaken,"}, {"start": "00:23:48", "end": "00:23:53", "text": "are supposed to be the time where like"}, {"start": "00:23:51", "end": "00:23:57", "text": "governments have kind of like merged"}, {"start": "00:23:53", "end": "00:23:59", "text": "their stable coins together."}, {"start": "00:23:57", "end": "00:24:01", "text": "And basically, they're trying to like"}, {"start": "00:23:59", "end": "00:24:03", "text": "take down Bitcoin because Bitcoin is far"}, {"start": "00:24:01", "end": "00:24:05", "text": "too big. So they try and get all the"}, {"start": "00:24:03", "end": "00:24:09", "text": "money to go through the stable coins but"}, {"start": "00:24:05", "end": "00:24:11", "text": "basically I think humans are allowed if"}, {"start": "00:24:09", "end": "00:24:13", "text": "you will but basically start using"}, {"start": "00:24:11", "end": "00:24:15", "text": "crypto not to circumvent the system but"}, {"start": "00:24:13", "end": "00:24:17", "text": "so many places just accept it as a"}, {"start": "00:24:15", "end": "00:24:19", "text": "payment option that you know no one's"}, {"start": "00:24:17", "end": "00:24:22", "text": "even thinking about stable coins and"}, {"start": "00:24:19", "end": "00:24:24", "text": "yeah this is how you um this is how you"}, {"start": "00:24:22", "end": "00:24:27", "text": "get to those um high price predictions."}, {"start": "00:24:24", "end": "00:24:30", "text": "Once again, in case you've forgotten,"}, {"start": "00:24:27", "end": "00:24:33", "text": "the idea of a million dollar Bitcoin, 1"}, {"start": "00:24:30", "end": "00:24:35", "text": "million, not 33 million, not 122"}, {"start": "00:24:33", "end": "00:24:38", "text": "million. The idea of a $1 million"}, {"start": "00:24:35", "end": "00:24:41", "text": "Bitcoin signifies like the that like the"}, {"start": "00:24:38", "end": "00:24:43", "text": "US dollar is done. Like not that it's"}, {"start": "00:24:41", "end": "00:24:45", "text": "like, oh my gosh, look at US dollar over"}, {"start": "00:24:43", "end": "00:24:47", "text": "there. He looks so cool. No, like no"}, {"start": "00:24:45", "end": "00:24:49", "text": "one's using the dollar anymore. Like"}, {"start": "00:24:47", "end": "00:24:51", "text": "it's that bad. Inflation for the dollar"}, {"start": "00:24:49", "end": "00:24:54", "text": "has ramped up so much that people are"}, {"start": "00:24:51", "end": "00:24:56", "text": "only choosing crypto. That's how Bitcoin"}, {"start": "00:24:54", "end": "00:24:59", "text": "gets to a million,"}, {"start": "00:24:56", "end": "00:25:03", "text": "just in case um"}, {"start": "00:24:59", "end": "00:25:04", "text": "anyone forgot. Okie dokie. That's the"}, {"start": "00:25:03", "end": "00:25:08", "text": "prophecy news. I don't know what I'm"}, {"start": "00:25:04", "end": "00:25:10", "text": "supposed to say. Okay,"}, {"start": "00:25:08", "end": "00:25:14", "text": "let's move on."}, {"start": "00:25:10", "end": "00:25:16", "text": "Also seeing a lot of this as well, which"}, {"start": "00:25:14", "end": "00:25:21", "text": "I I have my theories as to why. For"}, {"start": "00:25:16", "end": "00:25:24", "text": "those of you not looking at the screen,"}, {"start": "00:25:21", "end": "00:25:29", "text": "it says Bitcoin's having clock is"}, {"start": "00:25:24", "end": "00:25:32", "text": "ticking. There are now fewer than 80,000"}, {"start": "00:25:29", "end": "00:25:34", "text": "blocks left to be mined. Bitcoin's"}, {"start": "00:25:32", "end": "00:25:37", "text": "notorious having event is getting"}, {"start": "00:25:34", "end": "00:25:41", "text": "closer. As of Monday, there are now"}, {"start": "00:25:37", "end": "00:25:43", "text": "fewer than 80,000 blocks left."}, {"start": "00:25:41", "end": "00:25:47", "text": "When that happens"}, {"start": "00:25:43", "end": "00:25:51", "text": "on the apparently apparently on or"}, {"start": "00:25:47", "end": "00:25:52", "text": "around the 12th of April 12th of April"}, {"start": "00:25:51", "end": "00:25:56", "text": "2028"}, {"start": "00:25:52", "end": "00:25:58", "text": "block rewards will go from 3.12"}, {"start": "00:25:56", "end": "00:26:02", "text": "to 1.56"}, {"start": "00:25:58", "end": "00:26:04", "text": "Bitcoin. So then once again in 2028 when"}, {"start": "00:26:02", "end": "00:26:07", "text": "that gets cut in half there will no"}, {"start": "00:26:04", "end": "00:26:09", "text": "longer be an entire Bitcoin that comes"}, {"start": "00:26:07", "end": "00:26:13", "text": "out as a reward."}, {"start": "00:26:09", "end": "00:26:15", "text": "It will literally be just in Satoshi's."}, {"start": "00:26:13", "end": "00:26:18", "text": "I'm seeing a lot of um having stuff"}, {"start": "00:26:15", "end": "00:26:21", "text": "popping up. I don't know a if it's"}, {"start": "00:26:18", "end": "00:26:24", "text": "because people found the number 80,000"}, {"start": "00:26:21", "end": "00:26:26", "text": "significant in some form or manner."}, {"start": "00:26:24", "end": "00:26:30", "text": "Uh what I think is happening is that"}, {"start": "00:26:26", "end": "00:26:33", "text": "other people are also realizing that all"}, {"start": "00:26:30", "end": "00:26:36", "text": "the energy the crypto market is"}, {"start": "00:26:33", "end": "00:26:39", "text": "currently receiving would not happen"}, {"start": "00:26:36", "end": "00:26:41", "text": "until the year of the having. I've been"}, {"start": "00:26:39", "end": "00:26:44", "text": "going over that with you for a couple of"}, {"start": "00:26:41", "end": "00:26:47", "text": "months now. All the buying, [snorts] all"}, {"start": "00:26:44", "end": "00:26:49", "text": "the accumulation, all the taking crypto"}, {"start": "00:26:47", "end": "00:26:52", "text": "off of exchanges is something we would"}, {"start": "00:26:49", "end": "00:26:54", "text": "not see until the year of the having."}, {"start": "00:26:52", "end": "00:26:55", "text": "It's just always been the way that it's"}, {"start": "00:26:54", "end": "00:26:58", "text": "been for the other h havingings before"}, {"start": "00:26:55", "end": "00:26:59", "text": "this. The having year comes up, we start"}, {"start": "00:26:58", "end": "00:27:03", "text": "getting like, you know, like ramped up"}, {"start": "00:26:59", "end": "00:27:05", "text": "news. The having happens, prices fall"}, {"start": "00:27:03", "end": "00:27:06", "text": "like during that week because people"}, {"start": "00:27:05", "end": "00:27:09", "text": "think that they're selling the news,"}, {"start": "00:27:06", "end": "00:27:11", "text": "which I never understood, and then"}, {"start": "00:27:09", "end": "00:27:16", "text": "prices basically just continue to go up"}, {"start": "00:27:11", "end": "00:27:19", "text": "from there. So, yes, we are still far"}, {"start": "00:27:16", "end": "00:27:20", "text": "away from the next Bitcoin having."}, {"start": "00:27:19", "end": "00:27:24", "text": "There's still a lot of attention being"}, {"start": "00:27:20", "end": "00:27:27", "text": "paid uh to prices and to where the"}, {"start": "00:27:24", "end": "00:27:29", "text": "market's going to go. As I've been"}, {"start": "00:27:27", "end": "00:27:33", "text": "saying over and over and over, I think"}, {"start": "00:27:29", "end": "00:27:37", "text": "this is going to unravel itself."}, {"start": "00:27:33", "end": "00:27:40", "text": "I think we are either going to see a"}, {"start": "00:27:37", "end": "00:27:42", "text": "gigantic is the phrase nothing burger. I"}, {"start": "00:27:40", "end": "00:27:44", "text": "never understood the term nothing"}, {"start": "00:27:42", "end": "00:27:47", "text": "burger. Like is it because it has"}, {"start": "00:27:44", "end": "00:27:50", "text": "nothing on the burger"}, {"start": "00:27:47", "end": "00:27:53", "text": "or as you and I have been told this is"}, {"start": "00:27:50", "end": "00:27:55", "text": "going to be the greatest bull run of any"}, {"start": "00:27:53", "end": "00:28:00", "text": "asset"}, {"start": "00:27:55", "end": "00:28:02", "text": "class on the planet of of ever."}, {"start": "00:28:00", "end": "00:28:03", "text": "Um yeah, as you as as you know,"}, {"start": "00:28:02", "end": "00:28:08", "text": "everyone's quite excited for what's"}, {"start": "00:28:03", "end": "00:28:10", "text": "coming next. But um I would love"}, {"start": "00:28:08", "end": "00:28:12", "text": "if we could start hearing about more of"}, {"start": "00:28:10", "end": "00:28:14", "text": "the banks who are planning on using"}, {"start": "00:28:12", "end": "00:28:18", "text": "crypto because many of them have if if"}, {"start": "00:28:14", "end": "00:28:23", "text": "not 99% of them apparently have not been"}, {"start": "00:28:18", "end": "00:28:27", "text": "named. Um and also I would love to see a"}, {"start": "00:28:23", "end": "00:28:30", "text": "massive increase in prices just because"}, {"start": "00:28:27", "end": "00:28:34", "text": "it is spectacular how these people are"}, {"start": "00:28:30", "end": "00:28:38", "text": "able to accumulate"}, {"start": "00:28:34", "end": "00:28:40", "text": "almost all Ethereum almost all Ethereum"}, {"start": "00:28:38", "end": "00:28:44", "text": "is gone"}, {"start": "00:28:40", "end": "00:28:47", "text": "like from exchanges like G ne slightly"}, {"start": "00:28:44", "end": "00:28:48", "text": "like almost gone how they're able to"}, {"start": "00:28:47", "end": "00:28:51", "text": "accumulate"}, {"start": "00:28:48", "end": "00:28:55", "text": "hundreds of millions and billions of"}, {"start": "00:28:51", "end": "00:28:57", "text": "dollars and of coins of XRP and we're"}, {"start": "00:28:55", "end": "00:29:00", "text": "still having conversations like when are"}, {"start": "00:28:57", "end": "00:29:01", "text": "we going to five bucks? Like I just kind"}, {"start": "00:29:00", "end": "00:29:04", "text": "of"}, {"start": "00:29:01", "end": "00:29:06", "text": "it feels long overdue especially with"}, {"start": "00:29:04", "end": "00:29:08", "text": "all the"}, {"start": "00:29:06", "end": "00:29:11", "text": "uh"}, {"start": "00:29:08", "end": "00:29:14", "text": "interest in the market that we currently"}, {"start": "00:29:11", "end": "00:29:17", "text": "have happening. But yeah, it is what it"}, {"start": "00:29:14", "end": "00:29:20", "text": "is. I told Joel before crypto is not uh"}, {"start": "00:29:17", "end": "00:29:22", "text": "difficult. It's actually quite easy. Uh"}, {"start": "00:29:20", "end": "00:29:24", "text": "the difficult part is just the waiting"}, {"start": "00:29:22", "end": "00:29:26", "text": "to see what's going to happen and then"}, {"start": "00:29:24", "end": "00:29:31", "text": "when it does happen we're like ah yes of"}, {"start": "00:29:26", "end": "00:29:35", "text": "course. But um yeah, hope you've all"}, {"start": "00:29:31", "end": "00:29:36", "text": "enjoyed. Hope you all are doing well."}, {"start": "00:29:35", "end": "00:29:39", "text": "Hope you're all remembering to"}, {"start": "00:29:36", "end": "00:29:43", "text": "accumulate assets. It's very important."}, {"start": "00:29:39", "end": "00:29:44", "text": "No one's going to do it for you. I've"}, {"start": "00:29:43", "end": "00:29:47", "text": "been"}, {"start": "00:29:44", "end": "00:29:50", "text": "purchasing some things recently. I've"}, {"start": "00:29:47", "end": "00:29:51", "text": "been avoiding art as I was saying and I"}, {"start": "00:29:50", "end": "00:29:54", "text": "know it's sorry for the first world"}, {"start": "00:29:51", "end": "00:29:57", "text": "conversation but um I'm used to buying"}, {"start": "00:29:54", "end": "00:29:59", "text": "art quite frequently and I've been"}, {"start": "00:29:57", "end": "00:30:03", "text": "making sure to allocate funds into other"}, {"start": "00:29:59", "end": "00:30:06", "text": "things and I I miss buying art. So"}, {"start": "00:30:03", "end": "00:30:08", "text": "anyway, don't forget to buy some assets."}, {"start": "00:30:06", "end": "00:30:12", "text": "Um, thank you all once again for"}, {"start": "00:30:08", "end": "00:30:14", "text": "watching, listening, liking, commenting,"}, {"start": "00:30:12", "end": "00:30:20", "text": "and supporting. And I will most"}, {"start": "00:30:14", "end": "00:30:20", "text": "certainly be talking to you all soon."}, {"start": "00:30:23", "end": "00:30:26", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:11", "text": "Welcome back for another video."}, {"start": "00:00:09", "end": "00:00:14", "text": "Hope you're all doing well. Hope you're"}, {"start": "00:00:11", "end": "00:00:16", "text": "all doing great. Hope you're all doing"}, {"start": "00:00:14", "end": "00:00:18", "text": "absolutely"}, {"start": "00:00:16", "end": "00:00:23", "text": "fantastic and that you're all having a"}, {"start": "00:00:18", "end": "00:00:26", "text": "great day. If it sounds like I'm sleepy"}, {"start": "00:00:23", "end": "00:00:30", "text": "or tired, you guessed correctly, buddy"}, {"start": "00:00:26", "end": "00:00:34", "text": "boy. So go on this journey with me as we"}, {"start": "00:00:30", "end": "00:00:36", "text": "both wake up together cuz that's"}, {"start": "00:00:34", "end": "00:00:40", "text": "that's just what's going to happen. Very"}, {"start": "00:00:36", "end": "00:00:44", "text": "big thank you to Livio C, Lyall, Austin,"}, {"start": "00:00:40", "end": "00:00:47", "text": "FT Clown, Gypsy Queen, Alexander the"}, {"start": "00:00:44", "end": "00:00:51", "text": "Greek, Gilboa Snake, Trent Jackson, and"}, {"start": "00:00:47", "end": "00:00:54", "text": "Finley Bass. Very big thank you to my"}, {"start": "00:00:51", "end": "00:00:55", "text": "Patreon supporters. Don't forget to"}, {"start": "00:00:54", "end": "00:00:57", "text": "leave a like. Don't forget to leave a"}, {"start": "00:00:55", "end": "00:01:00", "text": "comment for those of you looking for"}, {"start": "00:00:57", "end": "00:01:03", "text": "information and books and reading on"}, {"start": "00:01:00", "end": "00:01:07", "text": "crypto in real estate and money. There"}, {"start": "00:01:03", "end": "00:01:10", "text": "are links in the description below this"}, {"start": "00:01:07", "end": "00:01:16", "text": "video without any ado that is further."}, {"start": "00:01:10", "end": "00:01:20", "text": "Let us jump right into it. Everyone is"}, {"start": "00:01:16", "end": "00:01:24", "text": "quite excited. Everyone um is looking"}, {"start": "00:01:20", "end": "00:01:27", "text": "forward to the future. Everyone is uh"}, {"start": "00:01:24", "end": "00:01:30", "text": "currently uh releasing price predictions"}, {"start": "00:01:27", "end": "00:01:34", "text": "for the cryptocurrency market that are"}, {"start": "00:01:30", "end": "00:01:37", "text": "making people's heads spin. Uh we are no"}, {"start": "00:01:34", "end": "00:01:39", "text": "strangers to this kind of news and I"}, {"start": "00:01:37", "end": "00:01:43", "text": "think it is beginning to start to catch"}, {"start": "00:01:39", "end": "00:01:46", "text": "the attention of people outside of the"}, {"start": "00:01:43", "end": "00:01:50", "text": "cryptocurrency sphere. There are a lot"}, {"start": "00:01:46", "end": "00:01:54", "text": "of people and I assume this this one I"}, {"start": "00:01:50", "end": "00:01:56", "text": "assume this will eventually happen and I"}, {"start": "00:01:54", "end": "00:01:59", "text": "think the idea of it happening is"}, {"start": "00:01:56", "end": "00:02:02", "text": "beginning to drive people mad because it"}, {"start": "00:01:59", "end": "00:02:05", "text": "would then indicate that time was wasted"}, {"start": "00:02:02", "end": "00:02:07", "text": "or people you know should have"}, {"start": "00:02:05", "end": "00:02:09", "text": "potentially done something before. I"}, {"start": "00:02:07", "end": "00:02:14", "text": "have seen"}, {"start": "00:02:09", "end": "00:02:16", "text": "a few a few articles lately talking"}, {"start": "00:02:14", "end": "00:02:20", "text": "about Bitcoin taking over gold. And I"}, {"start": "00:02:16", "end": "00:02:25", "text": "mean like more than a few. The theory"}, {"start": "00:02:20", "end": "00:02:27", "text": "was is is was back in 2018"}, {"start": "00:02:25", "end": "00:02:32", "text": "that if Bitcoin's price, I believe back"}, {"start": "00:02:27", "end": "00:02:36", "text": "then, went over $800,000"}, {"start": "00:02:32", "end": "00:02:38", "text": "per coin, the Bitcoin's market cap would"}, {"start": "00:02:36", "end": "00:02:41", "text": "become larger"}, {"start": "00:02:38", "end": "00:02:44", "text": "uh than the entire market cap of gold."}, {"start": "00:02:41", "end": "00:02:48", "text": "uh since new Bitcoin have been minted"}, {"start": "00:02:44", "end": "00:02:51", "text": "since that time frame and now Bitcoin"}, {"start": "00:02:48", "end": "00:02:53", "text": "essentially does not have to go up as"}, {"start": "00:02:51", "end": "00:02:59", "text": "much as before."}, {"start": "00:02:53", "end": "00:03:02", "text": "There are people now discussing when"}, {"start": "00:02:59", "end": "00:03:07", "text": "Bitcoin will take over the gold market."}, {"start": "00:03:02", "end": "00:03:11", "text": "There are and have been quite a few"}, {"start": "00:03:07", "end": "00:03:14", "text": "predictions for Ethereum and XRP over"}, {"start": "00:03:11", "end": "00:03:17", "text": "the course of this cycle."}, {"start": "00:03:14", "end": "00:03:19", "text": "One of the things that always sticks out"}, {"start": "00:03:17", "end": "00:03:23", "text": "to me is just how many things are"}, {"start": "00:03:19", "end": "00:03:25", "text": "referencing this cycle. If you've been"}, {"start": "00:03:23", "end": "00:03:27", "text": "here before, if this isn't your first"}, {"start": "00:03:25", "end": "00:03:31", "text": "cycle, you might remember normally we"}, {"start": "00:03:27", "end": "00:03:33", "text": "hear like in the future. So, you know,"}, {"start": "00:03:31", "end": "00:03:37", "text": "timewise, we would hear things that"}, {"start": "00:03:33", "end": "00:03:40", "text": "would be going on in the like 2036"}, {"start": "00:03:37", "end": "00:03:43", "text": "or maybe 2040, like there was always a"}, {"start": "00:03:40", "end": "00:03:46", "text": "big jump in time in crypto. So, even"}, {"start": "00:03:43", "end": "00:03:48", "text": "back in 2017, 2018, you and I would"}, {"start": "00:03:46", "end": "00:03:51", "text": "often hear like, yeah, like you know,"}, {"start": "00:03:48", "end": "00:03:52", "text": "the mid2020s are going to be boy howdy,"}, {"start": "00:03:51", "end": "00:03:54", "text": "by the time we get, you know, like it"}, {"start": "00:03:52", "end": "00:03:57", "text": "was it was always referencing the"}, {"start": "00:03:54", "end": "00:04:00", "text": "future. This cycle is different just"}, {"start": "00:03:57", "end": "00:04:02", "text": "because of who's in the space now. It's"}, {"start": "00:04:00", "end": "00:04:05", "text": "no longer just us. We're not floating"}, {"start": "00:04:02", "end": "00:04:07", "text": "around by ourselves. Uh there are"}, {"start": "00:04:05", "end": "00:04:11", "text": "monstrously large entities who are also"}, {"start": "00:04:07", "end": "00:04:13", "text": "buying up tons of crypto. To that end,"}, {"start": "00:04:11", "end": "00:04:15", "text": "people are now basically discussing when"}, {"start": "00:04:13", "end": "00:04:18", "text": "certain altcoins are probably going to"}, {"start": "00:04:15", "end": "00:04:20", "text": "take over the valuations of mega"}, {"start": "00:04:18", "end": "00:04:22", "text": "companies. There used to be like a list"}, {"start": "00:04:20", "end": "00:04:26", "text": "which changed. There used to be a list"}, {"start": "00:04:22", "end": "00:04:28", "text": "of how much Bitcoin had grown in price"}, {"start": "00:04:26", "end": "00:04:30", "text": "relative to Amazon and Google and all"}, {"start": "00:04:28", "end": "00:04:32", "text": "these other things. And then at some"}, {"start": "00:04:30", "end": "00:04:34", "text": "point that became like GDPs of"}, {"start": "00:04:32", "end": "00:04:36", "text": "countries. But you know these charts"}, {"start": "00:04:34", "end": "00:04:38", "text": "aren't as popular anymore. But we used"}, {"start": "00:04:36", "end": "00:04:42", "text": "to constantly see Bitcoin rising in"}, {"start": "00:04:38", "end": "00:04:45", "text": "price would literally mean like"}, {"start": "00:04:42", "end": "00:04:50", "text": "growth larger than other countries. Uh"}, {"start": "00:04:45", "end": "00:04:53", "text": "so in incredibly"}, {"start": "00:04:50", "end": "00:04:55", "text": "popular news today,"}, {"start": "00:04:53", "end": "00:04:58", "text": "people are of course, you know, the the"}, {"start": "00:04:55", "end": "00:05:01", "text": "the the gravitational pull is is too"}, {"start": "00:04:58", "end": "00:05:05", "text": "strong. People are discussing where"}, {"start": "00:05:01", "end": "00:05:09", "text": "XRP's price looks like it's going. And I"}, {"start": "00:05:05", "end": "00:05:11", "text": "will use the term near future just"}, {"start": "00:05:09", "end": "00:05:14", "text": "because many other predictions that you"}, {"start": "00:05:11", "end": "00:05:17", "text": "and I have seen have typically revolved"}, {"start": "00:05:14", "end": "00:05:19", "text": "around the year 2029"}, {"start": "00:05:17", "end": "00:05:26", "text": "to the year 2030."}, {"start": "00:05:19", "end": "00:05:26", "text": "This is a prediction for the year 2027."}, {"start": "00:05:28", "end": "00:05:36", "text": "There is a crypto analyst by the name of"}, {"start": "00:05:32", "end": "00:05:37", "text": "dark defender and they have published a"}, {"start": "00:05:36", "end": "00:05:41", "text": "detailed"}, {"start": "00:05:37", "end": "00:05:43", "text": "XRP price projection on the weekly"}, {"start": "00:05:41", "end": "00:05:44", "text": "chart."}, {"start": "00:05:43", "end": "00:05:46", "text": "When I show you their chart, it'll make"}, {"start": "00:05:44", "end": "00:05:48", "text": "a little bit more sense. It's a lot of"}, {"start": "00:05:46", "end": "00:05:50", "text": "like bouncing. It's very realistic in"}, {"start": "00:05:48", "end": "00:05:52", "text": "that manner that prices don't simply go"}, {"start": "00:05:50", "end": "00:05:58", "text": "up forever. There will be fluctuations."}, {"start": "00:05:52", "end": "00:06:01", "text": "However, tying into this idea of Bitcoin"}, {"start": "00:05:58", "end": "00:06:04", "text": "and Ethereum being integrated into the"}, {"start": "00:06:01", "end": "00:06:08", "text": "world's financial system, if you somehow"}, {"start": "00:06:04", "end": "00:06:10", "text": "missed that, over the last two years,"}, {"start": "00:06:08", "end": "00:06:15", "text": "you and I have become privy to the fact"}, {"start": "00:06:10", "end": "00:06:18", "text": "that Ethereum and XRP are being woven"}, {"start": "00:06:15", "end": "00:06:20", "text": "into the world's financial system. Bada"}, {"start": "00:06:18", "end": "00:06:22", "text": "bing, bada boom."}, {"start": "00:06:20", "end": "00:06:28", "text": "Dark Defender"}, {"start": "00:06:22", "end": "00:06:30", "text": "says on their charts, XRP is currently"}, {"start": "00:06:28", "end": "00:06:33", "text": "currently"}, {"start": "00:06:30", "end": "00:06:33", "text": "targeting"}, {"start": "00:06:33", "end": "00:06:36", "text": "$36.76"}, {"start": "00:06:37", "end": "00:06:41", "text": "per coin."}, {"start": "00:06:41", "end": "00:06:46", "text": "And getting there requires XRP to"}, {"start": "00:06:43", "end": "00:06:49", "text": "complete a multi-wave Elliot wave"}, {"start": "00:06:46", "end": "00:06:52", "text": "sequence. According to Dark Defender's"}, {"start": "00:06:49", "end": "00:06:54", "text": "analysis, that sequence is already in"}, {"start": "00:06:52", "end": "00:06:56", "text": "progress."}, {"start": "00:06:54", "end": "00:07:00", "text": "As you and I have heard, now this is"}, {"start": "00:06:56", "end": "00:07:03", "text": "what did I say before this cycle is"}, {"start": "00:07:00", "end": "00:07:05", "text": "going to be quite fascinating just"}, {"start": "00:07:03", "end": "00:07:08", "text": "because of the this is not some"}, {"start": "00:07:05", "end": "00:07:11", "text": "unorthodox or weird prediction"}, {"start": "00:07:08", "end": "00:07:14", "text": "comparative to everything that we have"}, {"start": "00:07:11", "end": "00:07:19", "text": "heard. We are talking about Bitcoin"}, {"start": "00:07:14", "end": "00:07:22", "text": "going from 50 60 70 80 90,000 per coin"}, {"start": "00:07:19", "end": "00:07:24", "text": "to a million in three and a half years."}, {"start": "00:07:22", "end": "00:07:28", "text": "We're talking about Ethereum going from"}, {"start": "00:07:24", "end": "00:07:30", "text": "1,600 2,2500"}, {"start": "00:07:28", "end": "00:07:33", "text": "to $44,000"}, {"start": "00:07:30", "end": "00:07:35", "text": "in three and a half years."}, {"start": "00:07:33", "end": "00:07:38", "text": "A lot of the predictions as I go over"}, {"start": "00:07:35", "end": "00:07:41", "text": "are usually quite grandiose"}, {"start": "00:07:38", "end": "00:07:44", "text": "but this is because if you remember and"}, {"start": "00:07:41", "end": "00:07:47", "text": "have paid attention the amount of"}, {"start": "00:07:44", "end": "00:07:50", "text": "accumulation we have seen is not normal."}, {"start": "00:07:47", "end": "00:07:53", "text": "[snorts] We have significant upticks in"}, {"start": "00:07:50", "end": "00:07:55", "text": "accumulation every single day between"}, {"start": "00:07:53", "end": "00:07:58", "text": "people buying the crypto. The levels of"}, {"start": "00:07:55", "end": "00:08:00", "text": "buying we would not see until the year"}, {"start": "00:07:58", "end": "00:08:03", "text": "of the having."}, {"start": "00:08:00", "end": "00:08:05", "text": "The amount of crypto being taken off of"}, {"start": "00:08:03", "end": "00:08:08", "text": "exchanges we have heard more than a few"}, {"start": "00:08:05", "end": "00:08:11", "text": "times 200 million XRP was taken off of"}, {"start": "00:08:08", "end": "00:08:13", "text": "exchanges. 1 billion XRP was taken off"}, {"start": "00:08:11", "end": "00:08:16", "text": "of exchanges. The amount of Ethereum on"}, {"start": "00:08:13", "end": "00:08:19", "text": "exchanges. It's no longer one out of"}, {"start": "00:08:16", "end": "00:08:23", "text": "every 10 coins. It's not 5%. The last"}, {"start": "00:08:19", "end": "00:08:23", "text": "number we had was 3.49."}, {"start": "00:08:24", "end": "00:08:27", "text": "There's an enormous amount of"}, {"start": "00:08:25", "end": "00:08:31", "text": "cryptocurrencies being taken off of"}, {"start": "00:08:27", "end": "00:08:35", "text": "exchanges. We will at some point see a"}, {"start": "00:08:31", "end": "00:08:37", "text": "gargantuan supply shock and everyone's"}, {"start": "00:08:35", "end": "00:08:39", "text": "referencing all of these things, all of"}, {"start": "00:08:37", "end": "00:08:42", "text": "these movements, all of this buying"}, {"start": "00:08:39", "end": "00:08:45", "text": "before the having."}, {"start": "00:08:42", "end": "00:08:47", "text": "Whenever whenever whenever prices go up"}, {"start": "00:08:45", "end": "00:08:50", "text": "in the cryptocurrency market, it does"}, {"start": "00:08:47", "end": "00:08:54", "text": "create a bit of a frenzy."}, {"start": "00:08:50", "end": "00:08:56", "text": "So, if you and I are going to see"}, {"start": "00:08:54", "end": "00:09:00", "text": "potentially"}, {"start": "00:08:56", "end": "00:09:04", "text": "Bitcoin go over 130, $150,000"}, {"start": "00:09:00", "end": "00:09:06", "text": "by December, we're looking at a wave of"}, {"start": "00:09:04", "end": "00:09:07", "text": "people who are going to rush into the"}, {"start": "00:09:06", "end": "00:09:09", "text": "market because they feel like they"}, {"start": "00:09:07", "end": "00:09:13", "text": "missed their chance when prices were"}, {"start": "00:09:09", "end": "00:09:16", "text": "lower. If Bitcoin goes from 150,000 to"}, {"start": "00:09:13", "end": "00:09:18", "text": "250,000 sometime next year, question"}, {"start": "00:09:16", "end": "00:09:21", "text": "mark, it's going to cause another wave"}, {"start": "00:09:18", "end": "00:09:24", "text": "of people to rush in. This a4 million"}, {"start": "00:09:21", "end": "00:09:26", "text": "asset. So, we're looking at this kind of"}, {"start": "00:09:24", "end": "00:09:28", "text": "thing where there's less crypto to go"}, {"start": "00:09:26", "end": "00:09:29", "text": "around. The rich people are hoarding as"}, {"start": "00:09:28", "end": "00:09:30", "text": "much crypto as possible. They're taking"}, {"start": "00:09:29", "end": "00:09:32", "text": "as much as they can of the"}, {"start": "00:09:30", "end": "00:09:34", "text": "cryptocurrency exchanges. The amount of"}, {"start": "00:09:32", "end": "00:09:37", "text": "inflows to ETFs continues to rise every"}, {"start": "00:09:34", "end": "00:09:41", "text": "single day. And there isn't a lot left."}, {"start": "00:09:37", "end": "00:09:44", "text": "If you were not here recently as well,"}, {"start": "00:09:41", "end": "00:09:48", "text": "do you know? Okay, so the total supply"}, {"start": "00:09:44", "end": "00:09:50", "text": "of circ like circulating supply for XRP"}, {"start": "00:09:48", "end": "00:09:53", "text": "is around like 99 billion. That's"}, {"start": "00:09:50", "end": "00:09:56", "text": "billion with a B."}, {"start": "00:09:53", "end": "00:09:58", "text": "Keep that number firm in your mind. 99"}, {"start": "00:09:56", "end": "00:10:01", "text": "billion."}, {"start": "00:09:58", "end": "00:10:04", "text": "Do you know how little"}, {"start": "00:10:01", "end": "00:10:07", "text": "XRP you need to be in the top 10% of"}, {"start": "00:10:04", "end": "00:10:10", "text": "holders globally?"}, {"start": "00:10:07", "end": "00:10:13", "text": "There are 99"}, {"start": "00:10:10", "end": "00:10:17", "text": "billion XRP. In order to be in the top"}, {"start": "00:10:13", "end": "00:10:20", "text": "10%, you need less than 3,000."}, {"start": "00:10:17", "end": "00:10:24", "text": "Yeah. Yeah. Yeah. Yeah. Not 3 billion,"}, {"start": "00:10:20", "end": "00:10:27", "text": "not 3 million, not 300,000."}, {"start": "00:10:24", "end": "00:10:29", "text": "3,000. You need 2,900."}, {"start": "00:10:27", "end": "00:10:31", "text": "Do you know why? Because whales and"}, {"start": "00:10:29", "end": "00:10:34", "text": "companies and institutions and"}, {"start": "00:10:31", "end": "00:10:37", "text": "governments"}, {"start": "00:10:34", "end": "00:10:41", "text": "have been accumulating so much crypto"}, {"start": "00:10:37", "end": "00:10:45", "text": "that the number is now less and less and"}, {"start": "00:10:41", "end": "00:10:47", "text": "less and less that you need to have to"}, {"start": "00:10:45", "end": "00:10:50", "text": "be in the top rankings. And also there's"}, {"start": "00:10:47", "end": "00:10:52", "text": "now less and less for billions of people"}, {"start": "00:10:50", "end": "00:10:55", "text": "on the planet. This is something you"}, {"start": "00:10:52", "end": "00:10:58", "text": "have to like really like engage with and"}, {"start": "00:10:55", "end": "00:10:59", "text": "understand the actual numbers. When I"}, {"start": "00:10:58", "end": "00:11:02", "text": "tell you these things, it's because it's"}, {"start": "00:10:59", "end": "00:11:04", "text": "beyond significant."}, {"start": "00:11:02", "end": "00:11:09", "text": "When you hear that Visa and Mastercard"}, {"start": "00:11:04", "end": "00:11:12", "text": "and Black Rockck are, I mean, nose deep"}, {"start": "00:11:09", "end": "00:11:14", "text": "in crypto, it's significant. When you"}, {"start": "00:11:12", "end": "00:11:17", "text": "hear that there's barely any crypto"}, {"start": "00:11:14", "end": "00:11:20", "text": "left, when you hear that you need"}, {"start": "00:11:17", "end": "00:11:22", "text": "I I can't imagine what the number is for"}, {"start": "00:11:20", "end": "00:11:25", "text": "Ethereum. If you have less if you have"}, {"start": "00:11:22", "end": "00:11:27", "text": "less than a quarter of a Bitcoin, you're"}, {"start": "00:11:25", "end": "00:11:30", "text": "in the top 1%. less than a quarter of a"}, {"start": "00:11:27", "end": "00:11:34", "text": "Bitcoin, billions of people can never"}, {"start": "00:11:30", "end": "00:11:37", "text": "catch up to you. If you have 2,900"}, {"start": "00:11:34", "end": "00:11:40", "text": "XRP, you're in the top 10%."}, {"start": "00:11:37", "end": "00:11:40", "text": "Forever."}, {"start": "00:11:41", "end": "00:11:48", "text": "Understand where all of this is going."}, {"start": "00:11:44", "end": "00:11:51", "text": "The move pushed XRP up in late August."}, {"start": "00:11:48", "end": "00:11:54", "text": "The asset has now apparently completed"}, {"start": "00:11:51", "end": "00:11:57", "text": "blue wave 1 and is currently inside of"}, {"start": "00:11:54", "end": "00:12:00", "text": "wave two. Dark Defender has noted that"}, {"start": "00:11:57", "end": "00:12:02", "text": "the historical pattern shows a sideways"}, {"start": "00:12:00", "end": "00:12:05", "text": "phase here and phase 2 is playing out"}, {"start": "00:12:02", "end": "00:12:09", "text": "consistent with that behavior. Here's"}, {"start": "00:12:05", "end": "00:12:10", "text": "the tweet for it right here."}, {"start": "00:12:09", "end": "00:12:12", "text": "And there's the chart which you can kind"}, {"start": "00:12:10", "end": "00:12:17", "text": "of see. I tried to of course make it"}, {"start": "00:12:12", "end": "00:12:19", "text": "larger right here. And now once again"}, {"start": "00:12:17", "end": "00:12:22", "text": "you like it's cut off at the bottom just"}, {"start": "00:12:19", "end": "00:12:24", "text": "because of life"}, {"start": "00:12:22", "end": "00:12:27", "text": "right here. this this like this line"}, {"start": "00:12:24", "end": "00:12:29", "text": "right here actually right at right at"}, {"start": "00:12:27", "end": "00:12:33", "text": "the end of the K on the chart. This is"}, {"start": "00:12:29", "end": "00:12:36", "text": "the beginning of 2027."}, {"start": "00:12:33", "end": "00:12:38", "text": "And this references around April or May"}, {"start": "00:12:36", "end": "00:12:43", "text": "of 2027"}, {"start": "00:12:38", "end": "00:12:46", "text": "as well, right around here."}, {"start": "00:12:43", "end": "00:12:48", "text": "Even for the other ones right here, like"}, {"start": "00:12:46", "end": "00:12:51", "text": "the blue line that's signified over"}, {"start": "00:12:48", "end": "00:12:55", "text": "here, this is showing an eight. This"}, {"start": "00:12:51", "end": "00:12:55", "text": "line right here is an $8 XRP."}, {"start": "00:12:55", "end": "00:13:02", "text": "You and I have heard countless times"}, {"start": "00:13:00", "end": "00:13:07", "text": "that the crypto market is going to move"}, {"start": "00:13:02", "end": "00:13:09", "text": "up and go a lot higher. I do personally"}, {"start": "00:13:07", "end": "00:13:14", "text": "believe that it is. I think it's just a"}, {"start": "00:13:09", "end": "00:13:17", "text": "matter of when kind of. But it does, how"}, {"start": "00:13:14", "end": "00:13:20", "text": "do I say this? It is quite significant"}, {"start": "00:13:17", "end": "00:13:22", "text": "that we keep hearing over and over, it"}, {"start": "00:13:20", "end": "00:13:24", "text": "doesn't matter which analyst."}, {"start": "00:13:22", "end": "00:13:27", "text": "It legitimately does not matter which"}, {"start": "00:13:24", "end": "00:13:29", "text": "analyst. They all keep referencing much"}, {"start": "00:13:27", "end": "00:13:34", "text": "higher prices. There hasn't been one"}, {"start": "00:13:29", "end": "00:13:37", "text": "who's like, uh, may maybe 20 maybe 2033."}, {"start": "00:13:34", "end": "00:13:42", "text": "Nope. They're all saying the same thing."}, {"start": "00:13:37", "end": "00:13:44", "text": "So, this will be a very fascinating um"}, {"start": "00:13:42", "end": "00:13:46", "text": "year for all of us. like literally"}, {"start": "00:13:44", "end": "00:13:49", "text": "counting from now until next year. This"}, {"start": "00:13:46", "end": "00:13:51", "text": "will be incredibly fascinating. That's"}, {"start": "00:13:49", "end": "00:13:55", "text": "the"}, {"start": "00:13:51", "end": "00:13:57", "text": "big news. Big big big big big big news"}, {"start": "00:13:55", "end": "00:13:59", "text": "currently floating around right now."}, {"start": "00:13:57", "end": "00:14:01", "text": "Everyone's talking about uh prices and"}, {"start": "00:13:59", "end": "00:14:04", "text": "where they're going to go and what we're"}, {"start": "00:14:01", "end": "00:14:08", "text": "going to see. And I think it's going to"}, {"start": "00:14:04", "end": "00:14:10", "text": "get intense. Yeah,"}, {"start": "00:14:08", "end": "00:14:13", "text": "that's that news."}, {"start": "00:14:10", "end": "00:14:13", "text": "Moving along."}, {"start": "00:14:14", "end": "00:14:17", "text": "Also in the news, here we go. Here we go"}, {"start": "00:14:16", "end": "00:14:21", "text": "again. For those of you not looking at"}, {"start": "00:14:17", "end": "00:14:23", "text": "the screen, an analyst from Van Eck, his"}, {"start": "00:14:21", "end": "00:14:26", "text": "name is Matthew Siggle, says [snorts]"}, {"start": "00:14:23", "end": "00:14:30", "text": "Bitcoin could reach half a million"}, {"start": "00:14:26", "end": "00:14:33", "text": "dollars if it matches half of gold's"}, {"start": "00:14:30", "end": "00:14:35", "text": "market cap. Van X Matthew Seagull said,"}, {"start": "00:14:33", "end": "00:14:39", "text": "\"Yeah, right. Reiterating. Awesome."}, {"start": "00:14:35", "end": "00:14:40", "text": "Fantastic.\" Um, this is kind of like old"}, {"start": "00:14:39", "end": "00:14:44", "text": "school and I guess they're trying to"}, {"start": "00:14:40", "end": "00:14:48", "text": "make it current again in some form or"}, {"start": "00:14:44", "end": "00:14:51", "text": "fashion. There years ago was a there was"}, {"start": "00:14:48", "end": "00:14:54", "text": "a bit of an obsession by a lot of"}, {"start": "00:14:51", "end": "00:14:57", "text": "Bitcoin maximalists that at some point"}, {"start": "00:14:54", "end": "00:15:01", "text": "Bitcoin's market cap was going to match"}, {"start": "00:14:57", "end": "00:15:05", "text": "gold. I think well I know but the idea"}, {"start": "00:15:01", "end": "00:15:08", "text": "behind it is Bitcoin is according to"}, {"start": "00:15:05", "end": "00:15:10", "text": "Bitcoin maximalists"}, {"start": "00:15:08", "end": "00:15:13", "text": "supposed to kind of take over the world"}, {"start": "00:15:10", "end": "00:15:17", "text": "and in doing so you would need to"}, {"start": "00:15:13", "end": "00:15:19", "text": "basically breeze past other assets to"}, {"start": "00:15:17", "end": "00:15:23", "text": "kind of show the strength of the thing"}, {"start": "00:15:19", "end": "00:15:25", "text": "of Bitcoin in in this sort of way. But"}, {"start": "00:15:23", "end": "00:15:28", "text": "like I said, this was this was a"}, {"start": "00:15:25", "end": "00:15:30", "text": "conversation years ago. But as of late,"}, {"start": "00:15:28", "end": "00:15:31", "text": "like once a week, I keep seeing it in"}, {"start": "00:15:30", "end": "00:15:34", "text": "the news. There's some kind of an"}, {"start": "00:15:31", "end": "00:15:36", "text": "analyst talking about that during this"}, {"start": "00:15:34", "end": "00:15:38", "text": "cycle, we're going to see it happen."}, {"start": "00:15:36", "end": "00:15:41", "text": "That as the time goes on, the one of the"}, {"start": "00:15:38", "end": "00:15:43", "text": "other theories, if you don't remember,"}, {"start": "00:15:41", "end": "00:15:47", "text": "is that uh people would begin to sell"}, {"start": "00:15:43", "end": "00:15:49", "text": "off other assets to buy uh Bitcoin. The"}, {"start": "00:15:47", "end": "00:15:52", "text": "I So, it kind of goes Bitcoin's at"}, {"start": "00:15:49", "end": "00:15:53", "text": "20,000. People kind of ignore it. Yeah."}, {"start": "00:15:52", "end": "00:15:57", "text": "Oh, wow. 20,000. Amazing. And then"}, {"start": "00:15:53", "end": "00:15:59", "text": "Bitcoin goes to 80,000 and people go,"}, {"start": "00:15:57", "end": "00:16:01", "text": "\"Ah, crap.\" So, they start selling off a"}, {"start": "00:15:59", "end": "00:16:04", "text": "couple million dollars worth of assets"}, {"start": "00:16:01", "end": "00:16:05", "text": "to put into Bitcoin. No one really, you"}, {"start": "00:16:04", "end": "00:16:09", "text": "know, cool, awesome. Let's see where it"}, {"start": "00:16:05", "end": "00:16:11", "text": "goes. Bitcoin's price goes to a million"}, {"start": "00:16:09", "end": "00:16:13", "text": "and then people go, \"Ah, we should have"}, {"start": "00:16:11", "end": "00:16:16", "text": "had a higher allocation.\" If you didn't"}, {"start": "00:16:13", "end": "00:16:18", "text": "see recently, who was it? It wasn't"}, {"start": "00:16:16", "end": "00:16:22", "text": "Deoid, it was some other company. uh"}, {"start": "00:16:18", "end": "00:16:24", "text": "they suggested a 1 to 2% allocation into"}, {"start": "00:16:22", "end": "00:16:26", "text": "Bitcoin which is a quite common number."}, {"start": "00:16:24", "end": "00:16:29", "text": "You would normally for very wealthy"}, {"start": "00:16:26", "end": "00:16:32", "text": "clients you'll hear a 1% allocation is"}, {"start": "00:16:29", "end": "00:16:34", "text": "quite normal into an asset. And they"}, {"start": "00:16:32", "end": "00:16:37", "text": "were saying that corporate treasuries in"}, {"start": "00:16:34", "end": "00:16:39", "text": "the future will be like ah crap we only"}, {"start": "00:16:37", "end": "00:16:41", "text": "had 1%. Let's start putting more into"}, {"start": "00:16:39", "end": "00:16:43", "text": "it. And then the idea would be that"}, {"start": "00:16:41", "end": "00:16:47", "text": "people who were holding gold would go,"}, {"start": "00:16:43", "end": "00:16:49", "text": "\"Well, gold moved up, but Bitcoin did"}, {"start": "00:16:47", "end": "00:16:51", "text": "like a 15x.\" So they'll start selling"}, {"start": "00:16:49", "end": "00:16:53", "text": "individual pieces of gold and throwing"}, {"start": "00:16:51", "end": "00:16:54", "text": "that into Bitcoin. But it causes a"}, {"start": "00:16:53", "end": "00:16:58", "text": "cascade because there's barely any"}, {"start": "00:16:54", "end": "00:17:01", "text": "Bitcoin left, etc., etc., etc., etc. So,"}, {"start": "00:16:58", "end": "00:17:05", "text": "I think eventually we will get there. uh"}, {"start": "00:17:01", "end": "00:17:07", "text": "it has been all but"}, {"start": "00:17:05", "end": "00:17:09", "text": "promised"}, {"start": "00:17:07", "end": "00:17:12", "text": "that it's going to happen sometime over"}, {"start": "00:17:09", "end": "00:17:14", "text": "the course of this cycle. I think that"}, {"start": "00:17:12", "end": "00:17:16", "text": "there would be if and I need to be"}, {"start": "00:17:14", "end": "00:17:18", "text": "completely honest."}, {"start": "00:17:16", "end": "00:17:22", "text": "If over the course of the next three and"}, {"start": "00:17:18", "end": "00:17:22", "text": "a half years,"}, {"start": "00:17:22", "end": "00:17:28", "text": "if over the next three and a half years,"}, {"start": "00:17:24", "end": "00:17:32", "text": "Bitcoin goes to half a million to a"}, {"start": "00:17:28", "end": "00:17:36", "text": "million dollars, uh, causes the US"}, {"start": "00:17:32", "end": "00:17:39", "text": "dollar to no longer be relevant"}, {"start": "00:17:36", "end": "00:17:42", "text": "and for gold to also lose some of its"}, {"start": "00:17:39", "end": "00:17:46", "text": "shine, if you will."}, {"start": "00:17:42", "end": "00:17:50", "text": "There's going to be a cataclysmic shift"}, {"start": "00:17:46", "end": "00:17:53", "text": "in in wealth and money and perception of"}, {"start": "00:17:50", "end": "00:17:56", "text": "a lot of different things. We've had the"}, {"start": "00:17:53", "end": "00:17:59", "text": "US dollar as a symbol of"}, {"start": "00:17:56", "end": "00:18:01", "text": "I'll say wealth and prosperity since"}, {"start": "00:17:59", "end": "00:18:03", "text": "1945"}, {"start": "00:18:01", "end": "00:18:06", "text": "when it was pushed onto the rest of the"}, {"start": "00:18:03", "end": "00:18:08", "text": "world. And gold has kind of been a"}, {"start": "00:18:06", "end": "00:18:11", "text": "symbol of"}, {"start": "00:18:08", "end": "00:18:13", "text": "luxury, money, wealth, uh, for thousands"}, {"start": "00:18:11", "end": "00:18:16", "text": "of years."}, {"start": "00:18:13", "end": "00:18:19", "text": "If that all happens and like, can you"}, {"start": "00:18:16", "end": "00:18:22", "text": "mentally imagine what would happen if"}, {"start": "00:18:19", "end": "00:18:23", "text": "people no longer viewed gold as like an"}, {"start": "00:18:22", "end": "00:18:25", "text": "amazing store of value and instead"}, {"start": "00:18:23", "end": "00:18:27", "text": "shifted their money into Bitcoin"}, {"start": "00:18:25", "end": "00:18:30", "text": "instead?"}, {"start": "00:18:27", "end": "00:18:33", "text": "Can you imagine by the year 2031"}, {"start": "00:18:30", "end": "00:18:35", "text": "if the US dollar isn't being used as"}, {"start": "00:18:33", "end": "00:18:38", "text": "much anymore? Stable coins have taken"}, {"start": "00:18:35", "end": "00:18:41", "text": "over and people are pushing their money"}, {"start": "00:18:38", "end": "00:18:44", "text": "into crypto as opposed to fiat. This is"}, {"start": "00:18:41", "end": "00:18:47", "text": "kind of"}, {"start": "00:18:44", "end": "00:18:49", "text": "the future that's been promised to us."}, {"start": "00:18:47", "end": "00:18:51", "text": "And as I keep saying, uh the people who"}, {"start": "00:18:49", "end": "00:18:54", "text": "run the world are telling us openly that"}, {"start": "00:18:51", "end": "00:18:57", "text": "they're getting into crypto. So, I mean,"}, {"start": "00:18:54", "end": "00:19:00", "text": "you can either listen or you can choose"}, {"start": "00:18:57", "end": "00:19:04", "text": "to not pay attention."}, {"start": "00:19:00", "end": "00:19:07", "text": "That's the Van E analyst talking about a"}, {"start": "00:19:04", "end": "00:19:10", "text": "half a million Bitcoin"}, {"start": "00:19:07", "end": "00:19:13", "text": "cuz that's back in the news again."}, {"start": "00:19:10", "end": "00:19:16", "text": "And yeah,"}, {"start": "00:19:13", "end": "00:19:16", "text": "let's move on."}, {"start": "00:19:16", "end": "00:19:22", "text": "Heaven help us. Also in the news again"}, {"start": "00:19:19", "end": "00:19:26", "text": "is Micro Strategy. Uh, Michael Sailor"}, {"start": "00:19:22", "end": "00:19:28", "text": "hinted that they were possibly going to"}, {"start": "00:19:26", "end": "00:19:30", "text": "buy more Bitcoin. He writes something on"}, {"start": "00:19:28", "end": "00:19:33", "text": "Twitter. It's It's like, what does he"}, {"start": "00:19:30", "end": "00:19:36", "text": "write like orange orange orange"}, {"start": "00:19:33", "end": "00:19:38", "text": "something? Orange"}, {"start": "00:19:36", "end": "00:19:40", "text": "orange arms. No, orange. I don't know."}, {"start": "00:19:38", "end": "00:19:43", "text": "It's something to do with orange. He he"}, {"start": "00:19:40", "end": "00:19:45", "text": "wrote that recently. And lo and behold,"}, {"start": "00:19:43", "end": "00:19:47", "text": "we're finding out now that they did"}, {"start": "00:19:45", "end": "00:19:49", "text": "indeed buy some Bitcoin. The way the"}, {"start": "00:19:47", "end": "00:19:51", "text": "micro strategy works is that they"}, {"start": "00:19:49", "end": "00:19:54", "text": "purchase Bitcoin over the course of a"}, {"start": "00:19:51", "end": "00:19:56", "text": "week. They don't tell anyone and like"}, {"start": "00:19:54", "end": "00:19:58", "text": "that they're buying and then when the"}, {"start": "00:19:56", "end": "00:20:02", "text": "buying is over then they go surprise and"}, {"start": "00:19:58", "end": "00:20:05", "text": "then they then we all learn"}, {"start": "00:20:02", "end": "00:20:08", "text": "Micro Strategies Bitcoin Treasury has"}, {"start": "00:20:05", "end": "00:20:08", "text": "reached 848,000"}, {"start": "00:20:10", "end": "00:20:14", "text": "Bitcoin"}, {"start": "00:20:11", "end": "00:20:17", "text": "after they recently purchased another"}, {"start": "00:20:14", "end": "00:20:22", "text": "334"}, {"start": "00:20:17", "end": "00:20:23", "text": "Bitcoin. one company, 848,000"}, {"start": "00:20:22", "end": "00:20:27", "text": "Bitcoin."}, {"start": "00:20:23", "end": "00:20:30", "text": "Micro Strategy added another 334 BTC for"}, {"start": "00:20:27", "end": "00:20:34", "text": "28 million, bringing its Bitcoin"}, {"start": "00:20:30", "end": "00:20:39", "text": "holdings to exactly $848,000"}, {"start": "00:20:34", "end": "00:20:40", "text": "BTC as of the 4th of October."}, {"start": "00:20:39", "end": "00:20:43", "text": "Oh, I forgot. It's like almost I mean,"}, {"start": "00:20:40", "end": "00:20:45", "text": "not not almost, but kind of. I I I I"}, {"start": "00:20:43", "end": "00:20:46", "text": "love Halloween. That's one of my"}, {"start": "00:20:45", "end": "00:20:49", "text": "favorite seasons. And for some reason,"}, {"start": "00:20:46", "end": "00:20:52", "text": "like it didn't click in my head that"}, {"start": "00:20:49", "end": "00:20:54", "text": "Halloween is not that far away until I"}, {"start": "00:20:52", "end": "00:20:56", "text": "saw the word October and I was like,"}, {"start": "00:20:54", "end": "00:20:59", "text": "what does that mean? The company paid an"}, {"start": "00:20:56", "end": "00:21:02", "text": "average of $85,000"}, {"start": "00:20:59", "end": "00:21:06", "text": "per coin while its entire purchase"}, {"start": "00:21:02", "end": "00:21:08", "text": "position for Bitcoin is Gez Louise. They"}, {"start": "00:21:06", "end": "00:21:12", "text": "currently have 63.97"}, {"start": "00:21:08", "end": "00:21:15", "text": "billion. Amazing. Michael Sailor also"}, {"start": "00:21:12", "end": "00:21:19", "text": "recently disclosed a roughly $21 billion"}, {"start": "00:21:15", "end": "00:21:22", "text": "thirdarter gain on digital assets. Micro"}, {"start": "00:21:19", "end": "00:21:24", "text": "[snorts] Strategy, I believe, is doing"}, {"start": "00:21:22", "end": "00:21:27", "text": "better uh than they were before. The"}, {"start": "00:21:24", "end": "00:21:30", "text": "company seems to have picked up them"}, {"start": "00:21:27", "end": "00:21:32", "text": "selling uh Bitcoin before in what was it"}, {"start": "00:21:30", "end": "00:21:36", "text": "spring, summer, I don't remember."}, {"start": "00:21:32", "end": "00:21:38", "text": "apparently has uh renewed confidence in"}, {"start": "00:21:36", "end": "00:21:41", "text": "investors of their company, showing that"}, {"start": "00:21:38", "end": "00:21:44", "text": "they are willing to sell some Bitcoin in"}, {"start": "00:21:41", "end": "00:21:46", "text": "case need be. Uh but they've also been"}, {"start": "00:21:44", "end": "00:21:48", "text": "beefing up the amount of cash that they"}, {"start": "00:21:46", "end": "00:21:52", "text": "have on hand to be able to pay for their"}, {"start": "00:21:48", "end": "00:21:53", "text": "dividends. And I would assume uh now"}, {"start": "00:21:52", "end": "00:21:56", "text": "they have some extra cash flowing around"}, {"start": "00:21:53", "end": "00:21:59", "text": "as well to be able to continue to buy"}, {"start": "00:21:56", "end": "00:22:04", "text": "Bitcoin. They used"}, {"start": "00:21:59", "end": "00:22:06", "text": "to buy Bitcoin every single uh week, but"}, {"start": "00:22:04", "end": "00:22:07", "text": "now that's kind of like twice a month or"}, {"start": "00:22:06", "end": "00:22:09", "text": "something like that. First of all, they"}, {"start": "00:22:07", "end": "00:22:10", "text": "don't need anymore. Let's let's be"}, {"start": "00:22:09", "end": "00:22:13", "text": "completely honest with ourselves. These"}, {"start": "00:22:10", "end": "00:22:15", "text": "this this this one company does not need"}, {"start": "00:22:13", "end": "00:22:18", "text": "any more Bitcoin. I think they're doing"}, {"start": "00:22:15", "end": "00:22:20", "text": "just fine as is. Now, it's time for all"}, {"start": "00:22:18", "end": "00:22:22", "text": "of you and your friends and your family"}, {"start": "00:22:20", "end": "00:22:24", "text": "to accumulate this asset that's"}, {"start": "00:22:22", "end": "00:22:26", "text": "potentially going up to millions of"}, {"start": "00:22:24", "end": "00:22:29", "text": "dollars over the course of the next"}, {"start": "00:22:26", "end": "00:22:30", "text": "decade and some change. But, uh,"}, {"start": "00:22:29", "end": "00:22:34", "text": "whenever"}, {"start": "00:22:30", "end": "00:22:37", "text": "this company buys Bitcoin, it makes it"}, {"start": "00:22:34", "end": "00:22:39", "text": "into popular news. It is impossible to"}, {"start": "00:22:37", "end": "00:22:41", "text": "escape it. It's everywhere. It's on"}, {"start": "00:22:39", "end": "00:22:43", "text": "every single website. Everyone's talking"}, {"start": "00:22:41", "end": "00:22:45", "text": "about it. It's the talk of the town."}, {"start": "00:22:43", "end": "00:22:49", "text": "People think it's absolutely"}, {"start": "00:22:45", "end": "00:22:52", "text": "spectacular that this one company is"}, {"start": "00:22:49", "end": "00:22:54", "text": "absorbing so much crypto. So, keeping in"}, {"start": "00:22:52", "end": "00:22:56", "text": "mind"}, {"start": "00:22:54", "end": "00:23:00", "text": "this is now"}, {"start": "00:22:56", "end": "00:23:00", "text": "another 847,999"}, {"start": "00:23:01", "end": "00:23:07", "text": "millionaires and billionaires who will"}, {"start": "00:23:03", "end": "00:23:09", "text": "never be able to own an entire coin"}, {"start": "00:23:07", "end": "00:23:11", "text": "ever. those coins are locked up and"}, {"start": "00:23:09", "end": "00:23:12", "text": "gone."}, {"start": "00:23:11", "end": "00:23:14", "text": "Once we have, and they might even be"}, {"start": "00:23:12", "end": "00:23:17", "text": "doing it, just not telling us, once we"}, {"start": "00:23:14", "end": "00:23:19", "text": "have a proper like uh staking mechanism,"}, {"start": "00:23:17", "end": "00:23:21", "text": "everyday staking for Bitcoin, this"}, {"start": "00:23:19", "end": "00:23:26", "text": "company's never going to relinquish any"}, {"start": "00:23:21", "end": "00:23:27", "text": "Bitcoin ever again, like ever"}, {"start": "00:23:26", "end": "00:23:33", "text": "again."}, {"start": "00:23:27", "end": "00:23:36", "text": "That's the micro strategy news. And"}, {"start": "00:23:33", "end": "00:23:38", "text": "yeah,"}, {"start": "00:23:36", "end": "00:23:42", "text": "let's move on."}, {"start": "00:23:38", "end": "00:23:45", "text": "Also in unpopular news, but it's still"}, {"start": "00:23:42", "end": "00:23:49", "text": "news for those of you not looking at the"}, {"start": "00:23:45", "end": "00:23:52", "text": "screen, it says French executives"}, {"start": "00:23:49", "end": "00:23:56", "text": "propose taxing crypto to stable coin"}, {"start": "00:23:52", "end": "00:23:58", "text": "conversions. Three executives of crypto"}, {"start": "00:23:56", "end": "00:24:01", "text": "linked companies have proposed taxing"}, {"start": "00:23:58", "end": "00:24:03", "text": "exchanges between cryptocurrencies and"}, {"start": "00:24:01", "end": "00:24:06", "text": "stable coins directly, stressing that"}, {"start": "00:24:03", "end": "00:24:07", "text": "this treatment would accelerate the use"}, {"start": "00:24:06", "end": "00:24:10", "text": "of crypto as a means of payment and"}, {"start": "00:24:07", "end": "00:24:13", "text": "reduce the complexity of calculation"}, {"start": "00:24:10", "end": "00:24:15", "text": "calculating these taxes for users."}, {"start": "00:24:13", "end": "00:24:17", "text": "There's currently a thing and we we went"}, {"start": "00:24:15", "end": "00:24:20", "text": "over this slightly a couple of days ago."}, {"start": "00:24:17", "end": "00:24:24", "text": "A lot of countries, not just France in"}, {"start": "00:24:20", "end": "00:24:27", "text": "general, are trying to"}, {"start": "00:24:24", "end": "00:24:30", "text": "create proper crypto regulations that"}, {"start": "00:24:27", "end": "00:24:33", "text": "won't push people outside or to other"}, {"start": "00:24:30", "end": "00:24:36", "text": "places that have more favorable laws."}, {"start": "00:24:33", "end": "00:24:38", "text": "There's a lot of fear, a lot of fear"}, {"start": "00:24:36", "end": "00:24:43", "text": "floating around right now regarding"}, {"start": "00:24:38", "end": "00:24:46", "text": "stable coins. A lot of people"}, {"start": "00:24:43", "end": "00:24:48", "text": "governments don't care for stable coins"}, {"start": "00:24:46", "end": "00:24:50", "text": "just because they make a very easy way"}, {"start": "00:24:48", "end": "00:24:55", "text": "for people to not have to use the local"}, {"start": "00:24:50", "end": "00:24:57", "text": "currency. And as we've been going over"}, {"start": "00:24:55", "end": "00:24:59", "text": "this year and especially, I mean, this"}, {"start": "00:24:57", "end": "00:25:01", "text": "is like perpetual. So, it will be next"}, {"start": "00:24:59", "end": "00:25:02", "text": "year and the year after that and the"}, {"start": "00:25:01", "end": "00:25:04", "text": "year after that, tons of companies and"}, {"start": "00:25:02", "end": "00:25:06", "text": "banks are beginning to make their own"}, {"start": "00:25:04", "end": "00:25:10", "text": "stable coins. and they're trying to do"}, {"start": "00:25:06", "end": "00:25:13", "text": "it to basically push back against the"}, {"start": "00:25:10", "end": "00:25:17", "text": "Coinbase, the Kraken, the Binance, and"}, {"start": "00:25:13", "end": "00:25:19", "text": "the future uh Kmart, Walmart,"}, {"start": "00:25:17", "end": "00:25:20", "text": "all the other ones who are also going to"}, {"start": "00:25:19", "end": "00:25:23", "text": "be making their own coins who will have"}, {"start": "00:25:20", "end": "00:25:26", "text": "a higher uh interest rate on simply just"}, {"start": "00:25:23", "end": "00:25:29", "text": "holding the coin. So,"}, {"start": "00:25:26", "end": "00:25:32", "text": "anytime that some kind of"}, {"start": "00:25:29", "end": "00:25:32", "text": "cryptocurrency,"}, {"start": "00:25:34", "end": "00:25:38", "text": "anytime that there's like a nudge"}, {"start": "00:25:36", "end": "00:25:41", "text": "forward, there's always someone who kind"}, {"start": "00:25:38", "end": "00:25:43", "text": "of tries to like drag it back."}, {"start": "00:25:41", "end": "00:25:46", "text": "And"}, {"start": "00:25:43", "end": "00:25:47", "text": "very I think I mean, long story short,"}, {"start": "00:25:46", "end": "00:25:49", "text": "whatever, we're we're we're basically"}, {"start": "00:25:47", "end": "00:25:52", "text": "going to like start to see the winners"}, {"start": "00:25:49", "end": "00:25:54", "text": "of of policies very very soon just"}, {"start": "00:25:52", "end": "00:25:55", "text": "because people are going to use crypto."}, {"start": "00:25:54", "end": "00:25:57", "text": "people more people are going to get into"}, {"start": "00:25:55", "end": "00:25:59", "text": "crypto. Stable coins are going to be"}, {"start": "00:25:57", "end": "00:26:01", "text": "everywhere. The idea of having to like"}, {"start": "00:25:59", "end": "00:26:04", "text": "tax certain things is also not going to"}, {"start": "00:26:01", "end": "00:26:08", "text": "be very favorable, especially especially"}, {"start": "00:26:04", "end": "00:26:10", "text": "in France uh who has um very interesting"}, {"start": "00:26:08", "end": "00:26:14", "text": "taxation methods for a lot of different"}, {"start": "00:26:10", "end": "00:26:16", "text": "things. Was was France"}, {"start": "00:26:14", "end": "00:26:18", "text": "was France the I almost said company."}, {"start": "00:26:16", "end": "00:26:22", "text": "Was France the country who a number of"}, {"start": "00:26:18", "end": "00:26:23", "text": "years ago had the 55% tax on crypto?"}, {"start": "00:26:22", "end": "00:26:25", "text": "I don't remember who it was. There was"}, {"start": "00:26:23", "end": "00:26:28", "text": "one I think they were European country"}, {"start": "00:26:25", "end": "00:26:30", "text": "and everyone was like whoa you were not"}, {"start": "00:26:28", "end": "00:26:33", "text": "doing any business there. That's when"}, {"start": "00:26:30", "end": "00:26:36", "text": "Portugal uh was making it into news for"}, {"start": "00:26:33", "end": "00:26:39", "text": "having a 0% tax rate on uh crypto as"}, {"start": "00:26:36", "end": "00:26:42", "text": "well. But yeah, sure why not do what you"}, {"start": "00:26:39", "end": "00:26:44", "text": "need to do. But um"}, {"start": "00:26:42", "end": "00:26:48", "text": "cuz"}, {"start": "00:26:44", "end": "00:26:51", "text": "right moving along"}, {"start": "00:26:48", "end": "00:26:56", "text": "also in the news it says Bitcoin's bull"}, {"start": "00:26:51", "end": "00:27:00", "text": "cycled peak could be driven by global"}, {"start": "00:26:56", "end": "00:27:03", "text": "ETF command command. CryptoQuant founder"}, {"start": "00:27:00", "end": "00:27:06", "text": "his name is Kong Ju says Bitcoin's"}, {"start": "00:27:03", "end": "00:27:09", "text": "current bull cycle could peak as"}, {"start": "00:27:06", "end": "00:27:11", "text": "institutions and ETFs expand beyond the"}, {"start": "00:27:09", "end": "00:27:13", "text": "United States. He expects deeper stable"}, {"start": "00:27:11", "end": "00:27:16", "text": "coin liquidity and tokenized asset"}, {"start": "00:27:13", "end": "00:27:20", "text": "infrastructure to widen global access."}, {"start": "00:27:16", "end": "00:27:23", "text": "Basically, other places now have uh"}, {"start": "00:27:20", "end": "00:27:26", "text": "cryptocurrency regulations. Yeah, other"}, {"start": "00:27:23", "end": "00:27:29", "text": "places now also have uh ETFs. I mean,"}, {"start": "00:27:26", "end": "00:27:36", "text": "they've had them for a while, but the"}, {"start": "00:27:29", "end": "00:27:37", "text": "demand for crypto ETFs is quite huge."}, {"start": "00:27:36", "end": "00:27:41", "text": "I think a lot of times if you aren't in"}, {"start": "00:27:37", "end": "00:27:44", "text": "an institutional position and or going"}, {"start": "00:27:41", "end": "00:27:47", "text": "over this news on a constant basis, you"}, {"start": "00:27:44", "end": "00:27:49", "text": "don't really understand what this means."}, {"start": "00:27:47", "end": "00:27:53", "text": "We are not looking at normal levels of"}, {"start": "00:27:49", "end": "00:27:56", "text": "accumulation. Like this is I told you"}, {"start": "00:27:53", "end": "00:27:58", "text": "before, I wonder if like something's"}, {"start": "00:27:56", "end": "00:28:01", "text": "about to happen. And when I say that, I"}, {"start": "00:27:58", "end": "00:28:04", "text": "mean like is there some kind of like"}, {"start": "00:28:01", "end": "00:28:06", "text": "brutal economic reckoning that's about"}, {"start": "00:28:04", "end": "00:28:07", "text": "to take place? because that's the only"}, {"start": "00:28:06", "end": "00:28:10", "text": "thing that would really make sense to"}, {"start": "00:28:07", "end": "00:28:12", "text": "me. The amount of companies and"}, {"start": "00:28:10", "end": "00:28:15", "text": "countries and institutions and banks"}, {"start": "00:28:12", "end": "00:28:17", "text": "this year, they they didn't jump on the"}, {"start": "00:28:15", "end": "00:28:19", "text": "crypto bandwagon like they latched"}, {"start": "00:28:17", "end": "00:28:21", "text": "themselves to it and they were like,"}, {"start": "00:28:19", "end": "00:28:23", "text": "\"No, we've been here forever. They're"}, {"start": "00:28:21", "end": "00:28:25", "text": "not buying like a million dollars worth"}, {"start": "00:28:23", "end": "00:28:29", "text": "of Bitcoin per week. They're buying"}, {"start": "00:28:25", "end": "00:28:33", "text": "billions.\" the ETF inflows went from,"}, {"start": "00:28:29", "end": "00:28:35", "text": "you know, 128 million in a week or like"}, {"start": "00:28:33", "end": "00:28:38", "text": "the entire month we had a billion"}, {"start": "00:28:35", "end": "00:28:40", "text": "dollars. Now they're buying 1.6 billion"}, {"start": "00:28:38", "end": "00:28:44", "text": "a day."}, {"start": "00:28:40", "end": "00:28:48", "text": "These these levels aren't normal."}, {"start": "00:28:44", "end": "00:28:49", "text": "I think personally"}, {"start": "00:28:48", "end": "00:28:51", "text": "I keep thinking something's about to"}, {"start": "00:28:49", "end": "00:28:53", "text": "happen like something bad to the"}, {"start": "00:28:51", "end": "00:28:57", "text": "economy. And this is why we're seeing"}, {"start": "00:28:53", "end": "00:28:59", "text": "all these companies smiling, grinning,"}, {"start": "00:28:57", "end": "00:29:01", "text": "ear to ear, talking about how much they"}, {"start": "00:28:59", "end": "00:29:04", "text": "love crypto. Like, we are we are"}, {"start": "00:29:01", "end": "00:29:06", "text": "thrilled to be in this market. It It"}, {"start": "00:29:04", "end": "00:29:08", "text": "feels like they're anticipating a crash."}, {"start": "00:29:06", "end": "00:29:11", "text": "So, they're getting further into the"}, {"start": "00:29:08", "end": "00:29:12", "text": "market. I I was thinking for a while, I"}, {"start": "00:29:11", "end": "00:29:16", "text": "mean, it's also I'm sure it ties into"}, {"start": "00:29:12", "end": "00:29:19", "text": "it, the idea of the 6th of October, like"}, {"start": "00:29:16", "end": "00:29:21", "text": "bull market begins. that was probably a"}, {"start": "00:29:19", "end": "00:29:25", "text": "fraction of it. But these these people"}, {"start": "00:29:21", "end": "00:29:28", "text": "are acting like they need"}, {"start": "00:29:25", "end": "00:29:31", "text": "to put their money into the crypto space"}, {"start": "00:29:28", "end": "00:29:35", "text": "before event happens."}, {"start": "00:29:31", "end": "00:29:37", "text": "So yes, uh Kangju is often or rather"}, {"start": "00:29:35", "end": "00:29:40", "text": "actually more recently more often in the"}, {"start": "00:29:37", "end": "00:29:42", "text": "news talking about crypto. Um throughout"}, {"start": "00:29:40", "end": "00:29:46", "text": "the article he's basically discussing"}, {"start": "00:29:42", "end": "00:29:48", "text": "this idea of as this bull cycle goes on"}, {"start": "00:29:46", "end": "00:29:51", "text": "that the market will kind of basically"}, {"start": "00:29:48", "end": "00:29:53", "text": "continue to go insane as prices go up"}, {"start": "00:29:51", "end": "00:29:55", "text": "and then more people and institutions"}, {"start": "00:29:53", "end": "00:29:58", "text": "around the world come to the conclusion"}, {"start": "00:29:55", "end": "00:30:00", "text": "we don't have any exposure to Bitcoin."}, {"start": "00:29:58", "end": "00:30:02", "text": "Bitcoin's price is at 700,000 we have to"}, {"start": "00:30:00", "end": "00:30:05", "text": "do something. They start buying in more"}, {"start": "00:30:02", "end": "00:30:07", "text": "more Bitcoin is purchased by Fidelity"}, {"start": "00:30:05", "end": "00:30:09", "text": "and Black Rockck and other companies and"}, {"start": "00:30:07", "end": "00:30:12", "text": "then the price goes up even more. So,"}, {"start": "00:30:09", "end": "00:30:14", "text": "kind of just like a it's a loop upward,"}, {"start": "00:30:12", "end": "00:30:16", "text": "if you will. But,"}, {"start": "00:30:14", "end": "00:30:17", "text": "um,"}, {"start": "00:30:16", "end": "00:30:22", "text": "going to be interesting to see what"}, {"start": "00:30:17", "end": "00:30:26", "text": "happens. Um, I keep thinking"}, {"start": "00:30:22", "end": "00:30:29", "text": "that something is a miss as far as like"}, {"start": "00:30:26", "end": "00:30:31", "text": "I feel like the economy, well, I know"}, {"start": "00:30:29", "end": "00:30:33", "text": "the economy is not doing too hot, but"}, {"start": "00:30:31", "end": "00:30:35", "text": "all these rich people out of nowhere"}, {"start": "00:30:33", "end": "00:30:36", "text": "just seemingly love crypto. Remember I"}, {"start": "00:30:35", "end": "00:30:38", "text": "told you like you didn't think it was"}, {"start": "00:30:36", "end": "00:30:39", "text": "like, think, think about it, think about"}, {"start": "00:30:38", "end": "00:30:39", "text": "it, think about Think about it. Think"}, {"start": "00:30:39", "end": "00:30:43", "text": "about it. Think about it. Think about"}, {"start": "00:30:39", "end": "00:30:45", "text": "it. Think about it. How weird it was"}, {"start": "00:30:43", "end": "00:30:46", "text": "that Visa and Mastercard this year were"}, {"start": "00:30:45", "end": "00:30:48", "text": "like, \"No, no, no. Like, we like we love"}, {"start": "00:30:46", "end": "00:30:51", "text": "crypto. Like, we're integrating it.\" And"}, {"start": "00:30:48", "end": "00:30:53", "text": "I was like, \"What? All the biggest"}, {"start": "00:30:51", "end": "00:30:55", "text": "players, they're not standing on the"}, {"start": "00:30:53", "end": "00:30:57", "text": "sidelines. Like, they're not waiting.\""}, {"start": "00:30:55", "end": "00:30:59", "text": "And we we know who they are. Like,"}, {"start": "00:30:57", "end": "00:31:01", "text": "they've actively told us out loud. The"}, {"start": "00:30:59", "end": "00:31:02", "text": "the other part that I'm waiting for is"}, {"start": "00:31:01", "end": "00:31:04", "text": "just to hear like which banks are doing"}, {"start": "00:31:02", "end": "00:31:05", "text": "it."}, {"start": "00:31:04", "end": "00:31:08", "text": "That's the other part where like when it"}, {"start": "00:31:05", "end": "00:31:09", "text": "comes to XRP, we heard XRP and like a"}, {"start": "00:31:08", "end": "00:31:12", "text": "couple of other coins recently are being"}, {"start": "00:31:09", "end": "00:31:14", "text": "adopted by by banks and I was like when"}, {"start": "00:31:12", "end": "00:31:17", "text": "we hear which banks like it's it's game"}, {"start": "00:31:14", "end": "00:31:21", "text": "over for everyone else. So"}, {"start": "00:31:17", "end": "00:31:22", "text": "yeah, uh don't forget how early you are"}, {"start": "00:31:21", "end": "00:31:26", "text": "in the market. It is very important to"}, {"start": "00:31:22", "end": "00:31:28", "text": "remember just because there are billions"}, {"start": "00:31:26", "end": "00:31:30", "text": "billions of people who are still not"}, {"start": "00:31:28", "end": "00:31:35", "text": "into crypto. It is expected and"}, {"start": "00:31:30", "end": "00:31:37", "text": "predicted that this market cycle is"}, {"start": "00:31:35", "end": "00:31:40", "text": "going to bring us over a billion people"}, {"start": "00:31:37", "end": "00:31:42", "text": "in crypto. So at some point in the next"}, {"start": "00:31:40", "end": "00:31:45", "text": "three and a half years, one out of every"}, {"start": "00:31:42", "end": "00:31:48", "text": "eight people you walk by in the street"}, {"start": "00:31:45", "end": "00:31:49", "text": "could be in the cryptocurrency market."}, {"start": "00:31:48", "end": "00:31:53", "text": "Kuri,"}, {"start": "00:31:49", "end": "00:31:55", "text": "I do hope that you have all enjoyed. I"}, {"start": "00:31:53", "end": "00:31:57", "text": "do hope that you all are having a great"}, {"start": "00:31:55", "end": "00:31:59", "text": "day, a great morning, afternoon,"}, {"start": "00:31:57", "end": "00:32:01", "text": "evening, wherever you are, wherever you"}, {"start": "00:31:59", "end": "00:32:03", "text": "might be. I do hope it is absolutely"}, {"start": "00:32:01", "end": "00:32:05", "text": "fantastic."}, {"start": "00:32:03", "end": "00:32:06", "text": "Thank you all once again for watching,"}, {"start": "00:32:05", "end": "00:32:09", "text": "listening, liking, commenting, and"}, {"start": "00:32:06", "end": "00:32:14", "text": "supporting. And I will most certainly be"}, {"start": "00:32:09", "end": "00:32:16", "text": "talking to you all soon."}, {"start": "00:32:14", "end": "00:32:16", "text": "See"}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:10", "text": "Welcome back for another"}, {"start": "00:00:08", "end": "00:00:13", "text": "video."}, {"start": "00:00:10", "end": "00:00:16", "text": "Hope you're all doing well. Hope"}, {"start": "00:00:13", "end": "00:00:18", "text": "everyone out there is doing great and"}, {"start": "00:00:16", "end": "00:00:22", "text": "that you're all having a wonderful day."}, {"start": "00:00:18", "end": "00:00:24", "text": "I obviously just woke up."}, {"start": "00:00:22", "end": "00:00:27", "text": "don't got to judge me, but you you know"}, {"start": "00:00:24", "end": "00:00:31", "text": "the first uh couple minutes I'm going to"}, {"start": "00:00:27", "end": "00:00:35", "text": "sound a bit um interesting. Uh very big"}, {"start": "00:00:31", "end": "00:00:39", "text": "thank you [clears throat] to Livioc"}, {"start": "00:00:35", "end": "00:00:42", "text": "[snorts] FT Clown Lyall Austin Alec"}, {"start": "00:00:39", "end": "00:00:46", "text": "Xander the Greek Gypsy Queen Trent"}, {"start": "00:00:42", "end": "00:00:49", "text": "Jackson Gil Boa Snake and Finley Bass."}, {"start": "00:00:46", "end": "00:00:51", "text": "Very big thank you to my Patreon"}, {"start": "00:00:49", "end": "00:00:55", "text": "supporters. Uh, don't forget to leave a"}, {"start": "00:00:51", "end": "00:01:00", "text": "like. Don't forget to subscribe as well."}, {"start": "00:00:55", "end": "00:01:03", "text": "Um, yeah, welcome back to the channel"}, {"start": "00:01:00", "end": "00:01:06", "text": "everyone. Um, how's everyone doing?"}, {"start": "00:01:03", "end": "00:01:11", "text": "What's new? How's life? Uh we're still"}, {"start": "00:01:06", "end": "00:01:14", "text": "currently in the in the midst of the"}, {"start": "00:01:11", "end": "00:01:17", "text": "awesome cryptocurrency"}, {"start": "00:01:14", "end": "00:01:21", "text": "bull run conversation"}, {"start": "00:01:17", "end": "00:01:24", "text": "hype period currently that's sorry if I"}, {"start": "00:01:21", "end": "00:01:27", "text": "sound insane. Sorry I my I I can I can"}, {"start": "00:01:24", "end": "00:01:30", "text": "feel my brain trying to wake up and um I"}, {"start": "00:01:27", "end": "00:01:32", "text": "think it's not doing a very good job. Uh"}, {"start": "00:01:30", "end": "00:01:35", "text": "yeah, so the hype is still there and I"}, {"start": "00:01:32", "end": "00:01:36", "text": "think it won't disappear anytime soon."}, {"start": "00:01:35", "end": "00:01:39", "text": "There are a number of articles floating"}, {"start": "00:01:36", "end": "00:01:42", "text": "around the cryptocurrency space"}, {"start": "00:01:39", "end": "00:01:46", "text": "discussing higher prices. If you somehow"}, {"start": "00:01:42", "end": "00:01:49", "text": "didn't see the last like five videos,"}, {"start": "00:01:46", "end": "00:01:53", "text": "uh we had one analyst who he was like,"}, {"start": "00:01:49", "end": "00:01:57", "text": "\"Yeah, XRP is only going to uh print"}, {"start": "00:01:53", "end": "00:02:02", "text": "green from now on.\" I've seen multiple"}, {"start": "00:01:57", "end": "00:02:05", "text": "people anticipating a a5 to uh $10 XRP"}, {"start": "00:02:02", "end": "00:02:07", "text": "in the very near future. What's the"}, {"start": "00:02:05", "end": "00:02:10", "text": "other thing there was some other person"}, {"start": "00:02:07", "end": "00:02:12", "text": "talking about. Anyway, long mega long"}, {"start": "00:02:10", "end": "00:02:14", "text": "story short, everyone's talking about"}, {"start": "00:02:12", "end": "00:02:16", "text": "higher cryptocurrency prices in the in"}, {"start": "00:02:14", "end": "00:02:19", "text": "the near term and in the very long term."}, {"start": "00:02:16", "end": "00:02:22", "text": "There [snorts] seems to be no"}, {"start": "00:02:19", "end": "00:02:27", "text": "dispute about that, at least within our"}, {"start": "00:02:22", "end": "00:02:29", "text": "um market. So currently [clears throat]"}, {"start": "00:02:27", "end": "00:02:31", "text": "there are discussions going around and I"}, {"start": "00:02:29", "end": "00:02:33", "text": "mean this is quite common that this"}, {"start": "00:02:31", "end": "00:02:37", "text": "isn't something bizarre or weird by any"}, {"start": "00:02:33", "end": "00:02:40", "text": "metric. Uh every single time that the"}, {"start": "00:02:37", "end": "00:02:43", "text": "cryptocurrency market begins to go up or"}, {"start": "00:02:40", "end": "00:02:46", "text": "is anticipated to go higher,"}, {"start": "00:02:43", "end": "00:02:49", "text": "that's when people start to discuss uh"}, {"start": "00:02:46", "end": "00:02:51", "text": "do they have enough crypto. Not even"}, {"start": "00:02:49", "end": "00:02:53", "text": "joking. It's always the same. And"}, {"start": "00:02:51", "end": "00:02:57", "text": "basically over the course of a"}, {"start": "00:02:53", "end": "00:03:01", "text": "multi-year period when people have or"}, {"start": "00:02:57", "end": "00:03:03", "text": "had the opportunity to uh purchase"}, {"start": "00:03:01", "end": "00:03:06", "text": "crypto at lower prices, the idea of"}, {"start": "00:03:03", "end": "00:03:07", "text": "higher prices uh begins to scare them"}, {"start": "00:03:06", "end": "00:03:09", "text": "cuz then they wonder do they have"}, {"start": "00:03:07", "end": "00:03:12", "text": "enough? uh it used to be more of a"}, {"start": "00:03:09", "end": "00:03:14", "text": "discussion for Bitcoin"}, {"start": "00:03:12", "end": "00:03:17", "text": "a few years ago, but I think Bitcoin's"}, {"start": "00:03:14", "end": "00:03:20", "text": "price has kind of gone a bit too high"}, {"start": "00:03:17", "end": "00:03:23", "text": "for even people to kind of speculate on"}, {"start": "00:03:20", "end": "00:03:26", "text": "that. So, the the current"}, {"start": "00:03:23", "end": "00:03:30", "text": "mode of discussion revolves around um"}, {"start": "00:03:26", "end": "00:03:34", "text": "XRP and how many XRP you need to have to"}, {"start": "00:03:30", "end": "00:03:35", "text": "be like in the rich list. And as I've"}, {"start": "00:03:34", "end": "00:03:39", "text": "been going over and this this this"}, {"start": "00:03:35", "end": "00:03:40", "text": "number is going to shock you. It's not a"}, {"start": "00:03:39", "end": "00:03:43", "text": "[laughter]"}, {"start": "00:03:40", "end": "00:03:45", "text": "you're going to be like, \"Oh crap.\" Um,"}, {"start": "00:03:43", "end": "00:03:47", "text": "as I've been going over for years now,"}, {"start": "00:03:45", "end": "00:03:50", "text": "wealth consolidation is definitely a"}, {"start": "00:03:47", "end": "00:03:53", "text": "thing. And it's even more so a thing"}, {"start": "00:03:50", "end": "00:03:55", "text": "within the cryptocurrency space. Yet,"}, {"start": "00:03:53", "end": "00:03:57", "text": "like you see, uh, the these people"}, {"start": "00:03:55", "end": "00:03:59", "text": "aren't talking about cryptocurrency"}, {"start": "00:03:57", "end": "00:04:01", "text": "prices rising a bit. They're"}, {"start": "00:03:59", "end": "00:04:06", "text": "anticipating that this is going to be"}, {"start": "00:04:01", "end": "00:04:08", "text": "like the new world financial system."}, {"start": "00:04:06", "end": "00:04:11", "text": "So, even if you click around, I found"}, {"start": "00:04:08", "end": "00:04:15", "text": "the actual thing right here that is very"}, {"start": "00:04:11", "end": "00:04:19", "text": "bright. Geez Louise. Uh, this is the"}, {"start": "00:04:15", "end": "00:04:21", "text": "actual rich list for like XRP holders."}, {"start": "00:04:19", "end": "00:04:23", "text": "If you're not looking at the screen,"}, {"start": "00:04:21", "end": "00:04:26", "text": "there are multiple accounts with like 5"}, {"start": "00:04:23", "end": "00:04:28", "text": "billion XRP. They're attributed directly"}, {"start": "00:04:26", "end": "00:04:30", "text": "to Ripple, which makes a lot of sense"}, {"start": "00:04:28", "end": "00:04:33", "text": "because Ripple has a lot of their coins"}, {"start": "00:04:30", "end": "00:04:36", "text": "in escrow. One is for Bitum, the crypto"}, {"start": "00:04:33", "end": "00:04:39", "text": "exchange. One is for Beyonce, one is for"}, {"start": "00:04:36", "end": "00:04:42", "text": "Uphold, Upbit, you get it. The the"}, {"start": "00:04:39", "end": "00:04:44", "text": "exchanges tend to have like the larger"}, {"start": "00:04:42", "end": "00:04:48", "text": "balances. Uh and then at some point it"}, {"start": "00:04:44", "end": "00:04:50", "text": "begins of course to to drift off. Um Oh,"}, {"start": "00:04:48", "end": "00:04:53", "text": "actually up a bit has a lot. Up has"}, {"start": "00:04:50", "end": "00:04:55", "text": "multiple accounts with 500 million XRP"}, {"start": "00:04:53", "end": "00:04:56", "text": "inside of them. You can even see Oh,"}, {"start": "00:04:55", "end": "00:04:59", "text": "wow. That's crazy. You can even see"}, {"start": "00:04:56", "end": "00:05:02", "text": "Chris Larson's"}, {"start": "00:04:59", "end": "00:05:05", "text": "uh wallet. He has three wallets uh with"}, {"start": "00:05:02", "end": "00:05:06", "text": "500 million. He has 1.5 billion and then"}, {"start": "00:05:05", "end": "00:05:10", "text": "there's another one. Anyway, the point"}, {"start": "00:05:06", "end": "00:05:12", "text": "of the matter is um as we've been going"}, {"start": "00:05:10", "end": "00:05:14", "text": "over this for a while, rich people"}, {"start": "00:05:12", "end": "00:05:17", "text": "accumulate assets. I know that sounds"}, {"start": "00:05:14", "end": "00:05:21", "text": "very surprising to many of you out"}, {"start": "00:05:17", "end": "00:05:24", "text": "there, but as time has gone on,"}, {"start": "00:05:21", "end": "00:05:27", "text": "more and more crypto goes into the hands"}, {"start": "00:05:24", "end": "00:05:29", "text": "of those who are willing to accumulate"}, {"start": "00:05:27", "end": "00:05:32", "text": "it. That's just a common thing that"}, {"start": "00:05:29", "end": "00:05:33", "text": "there was there was something years ago"}, {"start": "00:05:32", "end": "00:05:35", "text": "if you weren't here. I mean, this is"}, {"start": "00:05:33", "end": "00:05:39", "text": "maybe like 2019."}, {"start": "00:05:35", "end": "00:05:42", "text": "There was a discussion um about how much"}, {"start": "00:05:39", "end": "00:05:45", "text": "Bitcoin Bitcoin was was in the hands of"}, {"start": "00:05:42", "end": "00:05:47", "text": "like very wealthy wallets or"}, {"start": "00:05:45", "end": "00:05:49", "text": "individuals. And people were like,"}, {"start": "00:05:47", "end": "00:05:51", "text": "\"Yeah, you know, that that shows"}, {"start": "00:05:49", "end": "00:05:53", "text": "centralization.\" And I was like, \"You"}, {"start": "00:05:51", "end": "00:05:55", "text": "have to you have to really get it.\" like"}, {"start": "00:05:53", "end": "00:05:58", "text": "since since the olden days, these people"}, {"start": "00:05:55", "end": "00:06:01", "text": "have kind of"}, {"start": "00:05:58", "end": "00:06:03", "text": "told us that they think that crypto is"}, {"start": "00:06:01", "end": "00:06:05", "text": "going to like skyhigh prices. So,"}, {"start": "00:06:03", "end": "00:06:06", "text": "they've been constantly accumulating. If"}, {"start": "00:06:05", "end": "00:06:09", "text": "you have a wallet address who is"}, {"start": "00:06:06", "end": "00:06:11", "text": "constantly accumulating 100 Bitcoin per"}, {"start": "00:06:09", "end": "00:06:14", "text": "day, eventually they're going to hold an"}, {"start": "00:06:11", "end": "00:06:17", "text": "enormous amount. So now we're at the"}, {"start": "00:06:14", "end": "00:06:18", "text": "point where as I've predicted"}, {"start": "00:06:17", "end": "00:06:21", "text": "many people are going to start to"}, {"start": "00:06:18", "end": "00:06:23", "text": "understand like I don't want to sound"}, {"start": "00:06:21", "end": "00:06:25", "text": "too too cheesy or corny but like not"}, {"start": "00:06:23", "end": "00:06:26", "text": "like what they missed out on but like"}, {"start": "00:06:25", "end": "00:06:29", "text": "the opportunities that were there. You"}, {"start": "00:06:26", "end": "00:06:31", "text": "only see something shiny when it becomes"}, {"start": "00:06:29", "end": "00:06:33", "text": "shiny. So if you have a home that needs"}, {"start": "00:06:31", "end": "00:06:35", "text": "to be fixed up, no one really wants it."}, {"start": "00:06:33", "end": "00:06:37", "text": "Then all of a sudden that home is worth"}, {"start": "00:06:35", "end": "00:06:39", "text": "1.2 million and everyone goes, \"Ah, I'd"}, {"start": "00:06:37", "end": "00:06:41", "text": "love to have a home for 1.2 million.\""}, {"start": "00:06:39", "end": "00:06:43", "text": "It's the same exact home. nothing like"}, {"start": "00:06:41", "end": "00:06:46", "text": "really changed except anyway um that's"}, {"start": "00:06:43", "end": "00:06:47", "text": "where we currently are right now and I"}, {"start": "00:06:46", "end": "00:06:49", "text": "think"}, {"start": "00:06:47", "end": "00:06:52", "text": "over the next few years it's going to"}, {"start": "00:06:49", "end": "00:06:54", "text": "become more of a topic of discussion"}, {"start": "00:06:52", "end": "00:06:56", "text": "um as far as like oh I wish I had"}, {"start": "00:06:54", "end": "00:07:00", "text": "purchased more crypto when prices were"}, {"start": "00:06:56", "end": "00:07:03", "text": "lower. So [clears throat] for reference,"}, {"start": "00:07:00", "end": "00:07:08", "text": "these accounts are holding 500 million"}, {"start": "00:07:03", "end": "00:07:14", "text": "XRP, 550 million, 700 million, 1"}, {"start": "00:07:08", "end": "00:07:16", "text": "billion. You get it. How much XRP do you"}, {"start": "00:07:14", "end": "00:07:19", "text": "think"}, {"start": "00:07:16", "end": "00:07:22", "text": "do you think you need to be in the top"}, {"start": "00:07:19", "end": "00:07:25", "text": "percent of holders on the planet? There"}, {"start": "00:07:22", "end": "00:07:27", "text": "are 8 billion people on the planet. How"}, {"start": "00:07:25", "end": "00:07:31", "text": "much XRP"}, {"start": "00:07:27", "end": "00:07:36", "text": "do you think you need to own"}, {"start": "00:07:31", "end": "00:07:38", "text": "to outpace almost everyone on Earth?"}, {"start": "00:07:36", "end": "00:07:40", "text": "Well, the numbers are out and of course"}, {"start": "00:07:38", "end": "00:07:42", "text": "they're they're they're they're quite"}, {"start": "00:07:40", "end": "00:07:46", "text": "shocking. For those of you not looking"}, {"start": "00:07:42", "end": "00:07:51", "text": "at the screen, you need only"}, {"start": "00:07:46", "end": "00:07:51", "text": "NLY. You need 2,920"}, {"start": "00:07:52", "end": "00:07:58", "text": "XRP to put you in the top 10% of"}, {"start": "00:07:55", "end": "00:07:58", "text": "holders."}, {"start": "00:07:59", "end": "00:08:06", "text": "Years ago, the number for Bitcoin, if"}, {"start": "00:08:01", "end": "00:08:10", "text": "you don't remember, was uh 0.28."}, {"start": "00:08:06", "end": "00:08:12", "text": "So, at some point, if you held uh 100"}, {"start": "00:08:10", "end": "00:08:14", "text": "Bitcoin, you were in the top 10% of"}, {"start": "00:08:12", "end": "00:08:17", "text": "holders."}, {"start": "00:08:14", "end": "00:08:19", "text": "If you held an entire Bitcoin, you were"}, {"start": "00:08:17", "end": "00:08:22", "text": "in the top 1% of holders. Like people"}, {"start": "00:08:19", "end": "00:08:25", "text": "like top 1%, no one can get near you."}, {"start": "00:08:22", "end": "00:08:29", "text": "And then at some point in 2019, we heard"}, {"start": "00:08:25", "end": "00:08:32", "text": "[snorts] the number was 0.28."}, {"start": "00:08:29", "end": "00:08:34", "text": "As Bitcoin's price goes higher"}, {"start": "00:08:32", "end": "00:08:37", "text": "and more crypto goes into the hands of"}, {"start": "00:08:34", "end": "00:08:39", "text": "those willing to accumulate, you"}, {"start": "00:08:37", "end": "00:08:43", "text": "therefore need less to be able to have"}, {"start": "00:08:39", "end": "00:08:47", "text": "more. If that makes sense. So, if you"}, {"start": "00:08:43", "end": "00:08:49", "text": "buy a home for a h 100,000 in, you know,"}, {"start": "00:08:47", "end": "00:08:51", "text": "10, 15, 20 years ago, I was just"}, {"start": "00:08:49", "end": "00:08:53", "text": "watching some like uh some uh like real"}, {"start": "00:08:51", "end": "00:08:56", "text": "estate show a couple of days ago and it"}, {"start": "00:08:53", "end": "00:08:58", "text": "was an old episode from like 2013 cuz it"}, {"start": "00:08:56", "end": "00:08:59", "text": "popped up on YouTube and the guy was"}, {"start": "00:08:58", "end": "00:09:01", "text": "like, \"Yeah, you know, we have a"}, {"start": "00:08:59", "end": "00:09:03", "text": "[clears throat] pretty low so and so"}, {"start": "00:09:01", "end": "00:09:05", "text": "like expectations yada yada.\" He was"}, {"start": "00:09:03", "end": "00:09:09", "text": "like, \"Our our our budget for the home"}, {"start": "00:09:05", "end": "00:09:10", "text": "is like max 160.\" And I was like, \"160"}, {"start": "00:09:09", "end": "00:09:11", "text": "bananas? like you're not going to get"}, {"start": "00:09:10", "end": "00:09:15", "text": "anything for that. And they showed the"}, {"start": "00:09:11", "end": "00:09:17", "text": "home. It was like four bedrooms, two and"}, {"start": "00:09:15", "end": "00:09:19", "text": "a half bathrooms, huge backyard. It was"}, {"start": "00:09:17", "end": "00:09:23", "text": "like I think 155,000. And I was like,"}, {"start": "00:09:19", "end": "00:09:26", "text": "ah, yes, the olden days. That home now"}, {"start": "00:09:23", "end": "00:09:29", "text": "is obviously worth 600700,000 somewhere"}, {"start": "00:09:26", "end": "00:09:30", "text": "around there. Which of course"}, {"start": "00:09:29", "end": "00:09:33", "text": "exponentially puts you ahead and puts"}, {"start": "00:09:30", "end": "00:09:35", "text": "you into the top 10% or 1% of other"}, {"start": "00:09:33", "end": "00:09:38", "text": "people because of a purchase from a"}, {"start": "00:09:35", "end": "00:09:42", "text": "number of years ago. So obviously at"}, {"start": "00:09:38", "end": "00:09:43", "text": "some point the number was if you have"}, {"start": "00:09:42", "end": "00:09:45", "text": "100,000"}, {"start": "00:09:43", "end": "00:09:48", "text": "XRP"}, {"start": "00:09:45", "end": "00:09:51", "text": "you're in the top 10%. That became"}, {"start": "00:09:48", "end": "00:09:56", "text": "50,000. That became 10,000."}, {"start": "00:09:51", "end": "00:09:59", "text": "If you have 2,920"}, {"start": "00:09:56", "end": "00:10:04", "text": "XRP to your name, you are in the top 10%"}, {"start": "00:09:59", "end": "00:10:04", "text": "of holders everywhere."}, {"start": "00:10:04", "end": "00:10:10", "text": "Do you get that? Do you do do you get"}, {"start": "00:10:07", "end": "00:10:11", "text": "how absolutely insane that is? As more"}, {"start": "00:10:10", "end": "00:10:15", "text": "companies"}, {"start": "00:10:11", "end": "00:10:17", "text": "accumulate XRP, as more of them buy it"}, {"start": "00:10:15", "end": "00:10:21", "text": "and hoard it, as more Bitcoin and"}, {"start": "00:10:17", "end": "00:10:24", "text": "Ethereum get stored away,"}, {"start": "00:10:21", "end": "00:10:28", "text": "this number at some point you will be in"}, {"start": "00:10:24", "end": "00:10:32", "text": "the top 10% of XRP holders. If you if if"}, {"start": "00:10:28", "end": "00:10:34", "text": "you have a thousand XRP,"}, {"start": "00:10:32", "end": "00:10:36", "text": "this is this is the power of"}, {"start": "00:10:34", "end": "00:10:39", "text": "accumulation. This is the power of like"}, {"start": "00:10:36", "end": "00:10:40", "text": "buying and investing. I know some of you"}, {"start": "00:10:39", "end": "00:10:42", "text": "I'm I'm not joking. I know some of you"}, {"start": "00:10:40", "end": "00:10:44", "text": "are sitting there shocked because you"}, {"start": "00:10:42", "end": "00:10:46", "text": "just realize you're in the top 10% of"}, {"start": "00:10:44", "end": "00:10:48", "text": "holders because you see the other wallet"}, {"start": "00:10:46", "end": "00:10:50", "text": "addresses like from the companies and"}, {"start": "00:10:48", "end": "00:10:52", "text": "the you know the crypto exchanges. Of"}, {"start": "00:10:50", "end": "00:10:55", "text": "course, they have a lot"}, {"start": "00:10:52", "end": "00:10:57", "text": "etc. But people don't really get like"}, {"start": "00:10:55", "end": "00:11:01", "text": "the power of investing. Even even for"}, {"start": "00:10:57", "end": "00:11:05", "text": "Bitcoin, we have not we have not had any"}, {"start": "00:11:01", "end": "00:11:08", "text": "updates at all as to how little Bitcoin,"}, {"start": "00:11:05", "end": "00:11:12", "text": "like how many Satoshi's you need to be"}, {"start": "00:11:08", "end": "00:11:14", "text": "in the top 1%."}, {"start": "00:11:12", "end": "00:11:17", "text": "It's it's it's it's way less than 0.28"}, {"start": "00:11:14", "end": "00:11:19", "text": "now. So anyway, yeah, [snorts]"}, {"start": "00:11:17", "end": "00:11:21", "text": "congratulations to some of you. You are"}, {"start": "00:11:19", "end": "00:11:23", "text": "now officially in the top 10% of XRP"}, {"start": "00:11:21", "end": "00:11:26", "text": "holders. That number is only going to"}, {"start": "00:11:23", "end": "00:11:30", "text": "decrease as more and more crypto gets"}, {"start": "00:11:26", "end": "00:11:33", "text": "hoarded by the very wealthy. Cuz while"}, {"start": "00:11:30", "end": "00:11:38", "text": "it sounds like a like, you know, a"}, {"start": "00:11:33", "end": "00:11:40", "text": "wonderful day to have a $28 XRP,"}, {"start": "00:11:38", "end": "00:11:46", "text": "they're like they're planning on it."}, {"start": "00:11:40", "end": "00:11:48", "text": "They're expecting a 5060 $100 XRP."}, {"start": "00:11:46", "end": "00:11:50", "text": "They're expecting a million dollar"}, {"start": "00:11:48", "end": "00:11:53", "text": "Bitcoin. And that's where the hoarding"}, {"start": "00:11:50", "end": "00:11:56", "text": "and like accumulation begins. So if we"}, {"start": "00:11:53", "end": "00:12:00", "text": "like just remember these moments"}, {"start": "00:11:56", "end": "00:12:04", "text": "in the future in the year 2040"}, {"start": "00:12:00", "end": "00:12:07", "text": "when a starter home is like"}, {"start": "00:12:04", "end": "00:12:11", "text": "1.1 million and then you sit there and"}, {"start": "00:12:07", "end": "00:12:13", "text": "go like oh my gosh like anyway uh yeah I"}, {"start": "00:12:11", "end": "00:12:15", "text": "saw the number and I was like uh-huh"}, {"start": "00:12:13", "end": "00:12:18", "text": "makes a lot of sense. That's what"}, {"start": "00:12:15", "end": "00:12:21", "text": "happens uh with assets that people keep"}, {"start": "00:12:18", "end": "00:12:26", "text": "telling us are going to 55x in price and"}, {"start": "00:12:21", "end": "00:12:28", "text": "take over the world. Okie dokie."}, {"start": "00:12:26", "end": "00:12:32", "text": "Let's move on."}, {"start": "00:12:28", "end": "00:12:36", "text": "Also in the news, it says Bitcoin ETFs"}, {"start": "00:12:32", "end": "00:12:40", "text": "notched their third inflow week as Ether"}, {"start": "00:12:36", "end": "00:12:42", "text": "ETFs shed 138 million. That's also I'll"}, {"start": "00:12:40", "end": "00:12:45", "text": "get to that in one second. It says"}, {"start": "00:12:42", "end": "00:12:48", "text": "Bitcoin ETF inflows reached a third"}, {"start": "00:12:45", "end": "00:12:51", "text": "straight week while Ethereum ETFs swung"}, {"start": "00:12:48", "end": "00:12:53", "text": "to outflows and Zedcash funds posted"}, {"start": "00:12:51", "end": "00:12:58", "text": "their first weekly outflow. The outflows"}, {"start": "00:12:53", "end": "00:13:02", "text": "for Ethereum were 138 million and then"}, {"start": "00:12:58", "end": "00:13:05", "text": "the next day they were 125 million. So"}, {"start": "00:13:02", "end": "00:13:07", "text": "the the outflows are never like outflows"}, {"start": "00:13:05", "end": "00:13:11", "text": "for those of you who don't"}, {"start": "00:13:07", "end": "00:13:13", "text": "um know that we always get like some"}, {"start": "00:13:11", "end": "00:13:15", "text": "kind of like sad news that like money"}, {"start": "00:13:13", "end": "00:13:17", "text": "[snorts] left the ETF funds, but then it"}, {"start": "00:13:15", "end": "00:13:20", "text": "goes right back into it. It's a form of"}, {"start": "00:13:17", "end": "00:13:23", "text": "price manipulation. So [clears throat]"}, {"start": "00:13:20", "end": "00:13:27", "text": "this should come as no surprise at all."}, {"start": "00:13:23", "end": "00:13:31", "text": "Um, the crypto market is is is hot right"}, {"start": "00:13:27", "end": "00:13:33", "text": "now and a lot of people want to uh have"}, {"start": "00:13:31", "end": "00:13:36", "text": "their chance at potential future"}, {"start": "00:13:33", "end": "00:13:40", "text": "moneymaking just because of the prices"}, {"start": "00:13:36", "end": "00:13:43", "text": "that we continue to hear. There's an"}, {"start": "00:13:40", "end": "00:13:45", "text": "ever inc ever ever ever ever increasing"}, {"start": "00:13:43", "end": "00:13:47", "text": "amount of people buying crypto."}, {"start": "00:13:45", "end": "00:13:50", "text": "Understand this will not slow down in"}, {"start": "00:13:47", "end": "00:13:52", "text": "any way, shape or form. We have regulars"}, {"start": "00:13:50", "end": "00:13:54", "text": "who are always buying crypto. We have"}, {"start": "00:13:52", "end": "00:13:58", "text": "the institutions who are more focused on"}, {"start": "00:13:54", "end": "00:14:00", "text": "the ETF side of things. But these wallet"}, {"start": "00:13:58", "end": "00:14:03", "text": "addresses that are always accumulating"}, {"start": "00:14:00", "end": "00:14:06", "text": "crypto. We get news that they purchased"}, {"start": "00:14:03", "end": "00:14:08", "text": "100 per day, 300 per day, that adds up"}, {"start": "00:14:06", "end": "00:14:09", "text": "very fast. And they're not the only"}, {"start": "00:14:08", "end": "00:14:11", "text": "individual ones. There are tons of"}, {"start": "00:14:09", "end": "00:14:15", "text": "people, tons of wallets, tons of"}, {"start": "00:14:11", "end": "00:14:17", "text": "companies, tons of countries"}, {"start": "00:14:15", "end": "00:14:19", "text": "who are all accumulating large amounts"}, {"start": "00:14:17", "end": "00:14:21", "text": "of crypto"}, {"start": "00:14:19", "end": "00:14:24", "text": "right now. So, this of course made big"}, {"start": "00:14:21", "end": "00:14:26", "text": "news. There's not really much to explain"}, {"start": "00:14:24", "end": "00:14:29", "text": "or elaborate on. It's just more of a"}, {"start": "00:14:26", "end": "00:14:30", "text": "yeah, of course, that's that's going to"}, {"start": "00:14:29", "end": "00:14:35", "text": "happen because we keep hearing that"}, {"start": "00:14:30", "end": "00:14:37", "text": "prices are going to go um a lot higher."}, {"start": "00:14:35", "end": "00:14:39", "text": "For those of you who didn't see, there's"}, {"start": "00:14:37", "end": "00:14:41", "text": "a huge push right now and it's kind of"}, {"start": "00:14:39", "end": "00:14:45", "text": "everywhere. [snorts]"}, {"start": "00:14:41", "end": "00:14:47", "text": "Stock exchanges around the world are um"}, {"start": "00:14:45", "end": "00:14:50", "text": "trying to become 24/7. Like they're"}, {"start": "00:14:47", "end": "00:14:52", "text": "trying to be continuously open. We got"}, {"start": "00:14:50", "end": "00:14:55", "text": "news from the NASDAQ. This must have"}, {"start": "00:14:52", "end": "00:14:58", "text": "been two or 3 weeks ago. They're also"}, {"start": "00:14:55", "end": "00:15:01", "text": "pushing with the SEC to try and become"}, {"start": "00:14:58", "end": "00:15:04", "text": "uh 237."}, {"start": "00:15:01", "end": "00:15:07", "text": "Basically, uh, they want to have an hour"}, {"start": "00:15:04", "end": "00:15:09", "text": "for maintenance. So, 237 as opposed to"}, {"start": "00:15:07", "end": "00:15:14", "text": "24/7. Uh, for those of you not looking"}, {"start": "00:15:09", "end": "00:15:16", "text": "at the screen, the crypto exchange, OKX,"}, {"start": "00:15:14", "end": "00:15:19", "text": "and the New York Stock Exchange owner,"}, {"start": "00:15:16", "end": "00:15:24", "text": "the Intercontinental Exchange, have"}, {"start": "00:15:19", "end": "00:15:26", "text": "filed for a 247 tokenized US stock"}, {"start": "00:15:24", "end": "00:15:27", "text": "trading venue."}, {"start": "00:15:26", "end": "00:15:29", "text": "Tokenized stocks, for some reason, have"}, {"start": "00:15:27", "end": "00:15:31", "text": "bumped up in the news in the last couple"}, {"start": "00:15:29", "end": "00:15:33", "text": "of days."}, {"start": "00:15:31", "end": "00:15:36", "text": "It was revealed uh that apparently"}, {"start": "00:15:33", "end": "00:15:42", "text": "Binance uh Binance is the first crypto"}, {"start": "00:15:36", "end": "00:15:46", "text": "chain to have over $1 billion worth of"}, {"start": "00:15:42", "end": "00:15:48", "text": "tokenized securities on their chain. I I"}, {"start": "00:15:46", "end": "00:15:52", "text": "think that's the the the the formulation"}, {"start": "00:15:48", "end": "00:15:55", "text": "for it. I I think Coinbase had like 800"}, {"start": "00:15:52", "end": "00:15:57", "text": "million, but Binance got to 1.1 billion"}, {"start": "00:15:55", "end": "00:15:59", "text": "quicker than everyone else. So, this"}, {"start": "00:15:57", "end": "00:16:02", "text": "looks like the next iteration. This is"}, {"start": "00:15:59", "end": "00:16:05", "text": "why a lot of times you,"}, {"start": "00:16:02", "end": "00:16:07", "text": "how do I say this?"}, {"start": "00:16:05", "end": "00:16:10", "text": "A lot of the stuff that we heard would"}, {"start": "00:16:07", "end": "00:16:11", "text": "happen to the crypto market around"}, {"start": "00:16:10", "end": "00:16:14", "text": "January"}, {"start": "00:16:11", "end": "00:16:17", "text": "is is transpiring. So, we are seeing"}, {"start": "00:16:14", "end": "00:16:20", "text": "more and more uh stable coin news. We"}, {"start": "00:16:17", "end": "00:16:23", "text": "had something a day or two ago. There"}, {"start": "00:16:20", "end": "00:16:27", "text": "was some kind of news about um ah yes, I"}, {"start": "00:16:23", "end": "00:16:29", "text": "remember now. Someone from a major"}, {"start": "00:16:27", "end": "00:16:31", "text": "company. Oh, who was it?"}, {"start": "00:16:29", "end": "00:16:34", "text": "It was Deote."}, {"start": "00:16:31", "end": "00:16:37", "text": "Someone from Deote uh came out and said"}, {"start": "00:16:34", "end": "00:16:40", "text": "that apparently US banks are now"}, {"start": "00:16:37", "end": "00:16:44", "text": "actively according to them Deote said US"}, {"start": "00:16:40", "end": "00:16:50", "text": "banks are now actively working with um"}, {"start": "00:16:44", "end": "00:16:52", "text": "XRP Stellar Lumens and um Hara"}, {"start": "00:16:50", "end": "00:16:56", "text": "uh for whatever their operations might"}, {"start": "00:16:52", "end": "00:16:59", "text": "be because of uh the SEC's regulations"}, {"start": "00:16:56", "end": "00:17:02", "text": "that they finally actually did. Uh many"}, {"start": "00:16:59", "end": "00:17:04", "text": "places are gearing up [clears throat]"}, {"start": "00:17:02", "end": "00:17:07", "text": "for huge amounts of tokenization. We"}, {"start": "00:17:04", "end": "00:17:11", "text": "keep hearing and I've heard for a while"}, {"start": "00:17:07", "end": "00:17:14", "text": "that there's a huge push to uh tokenize"}, {"start": "00:17:11", "end": "00:17:15", "text": "stocks, securities, equities and a"}, {"start": "00:17:14", "end": "00:17:18", "text": "couple of like companies have started"}, {"start": "00:17:15", "end": "00:17:21", "text": "putting their their daily happenings on"}, {"start": "00:17:18", "end": "00:17:24", "text": "these chains as well. The idea of"}, {"start": "00:17:21", "end": "00:17:28", "text": "tokenization is quite staggering because"}, {"start": "00:17:24", "end": "00:17:32", "text": "it's meant to basically be a movement of"}, {"start": "00:17:28", "end": "00:17:36", "text": "digitizing and tokenizing everything."}, {"start": "00:17:32", "end": "00:17:38", "text": "Not some things. Anything of value will"}, {"start": "00:17:36", "end": "00:17:40", "text": "be put on chain. The next major"}, {"start": "00:17:38", "end": "00:17:42", "text": "iteration that we keep hearing is going"}, {"start": "00:17:40", "end": "00:17:44", "text": "to be real estate. But I think there are"}, {"start": "00:17:42", "end": "00:17:49", "text": "a number of like hurdles for that one as"}, {"start": "00:17:44", "end": "00:17:52", "text": "far as like legality. Like in theory it"}, {"start": "00:17:49", "end": "00:17:54", "text": "sounds quite easy to just put 49% of"}, {"start": "00:17:52", "end": "00:17:56", "text": "your home on chain and then sell off"}, {"start": "00:17:54", "end": "00:17:59", "text": "those portions and whatever yada yada"}, {"start": "00:17:56", "end": "00:18:01", "text": "but I think there's a bit more it's it's"}, {"start": "00:17:59", "end": "00:18:04", "text": "it's far more rigid and not as flexible"}, {"start": "00:18:01", "end": "00:18:06", "text": "than other things. But a number of"}, {"start": "00:18:04", "end": "00:18:09", "text": "crypto exchanges are now working with"}, {"start": "00:18:06", "end": "00:18:11", "text": "stock exchanges around the world. We had"}, {"start": "00:18:09", "end": "00:18:13", "text": "some news from the LSC a couple of weeks"}, {"start": "00:18:11", "end": "00:18:16", "text": "ago as well, the the London Stock"}, {"start": "00:18:13", "end": "00:18:18", "text": "Exchange, and everyone's tokenizing."}, {"start": "00:18:16", "end": "00:18:20", "text": "Everyone's tokenizing their stocks."}, {"start": "00:18:18", "end": "00:18:24", "text": "They're putting them on like like"}, {"start": "00:18:20", "end": "00:18:28", "text": "directly on chain. And we just crossed"}, {"start": "00:18:24", "end": "00:18:34", "text": "the magical uh 1 billion barrier on"}, {"start": "00:18:28", "end": "00:18:34", "text": "Binance chain. But this is expected"}, {"start": "00:18:34", "end": "00:18:42", "text": "by the year 2030 to be a 5 to10 trillion"}, {"start": "00:18:39", "end": "00:18:44", "text": "market. I cannot reiterate that enough."}, {"start": "00:18:42", "end": "00:18:47", "text": "That completely changes the landscape of"}, {"start": "00:18:44", "end": "00:18:50", "text": "everything. It is it's a miracle"}, {"start": "00:18:47", "end": "00:18:52", "text": "[snorts] when a company [clears throat]"}, {"start": "00:18:50", "end": "00:18:56", "text": "when a company is worth over a billion."}, {"start": "00:18:52", "end": "00:18:59", "text": "It's it's quite a feat to get there. The"}, {"start": "00:18:56", "end": "00:19:02", "text": "idea of a billion dollars"}, {"start": "00:18:59", "end": "00:19:04", "text": "worth of tradable assets are sitting on"}, {"start": "00:19:02", "end": "00:19:06", "text": "Binance chain. That's freaking"}, {"start": "00:19:04", "end": "00:19:08", "text": "remarkable."}, {"start": "00:19:06", "end": "00:19:10", "text": "Now you talk about a hundred billion."}, {"start": "00:19:08", "end": "00:19:13", "text": "You talk about a trillion. 5 to10"}, {"start": "00:19:10", "end": "00:19:15", "text": "trillion means like the world has"}, {"start": "00:19:13", "end": "00:19:17", "text": "shifted. Everything is cryptofocused."}, {"start": "00:19:15", "end": "00:19:19", "text": "Everything is on blockchain. And I told"}, {"start": "00:19:17", "end": "00:19:21", "text": "you before, you and I can discuss this"}, {"start": "00:19:19", "end": "00:19:23", "text": "here, [clears throat]"}, {"start": "00:19:21", "end": "00:19:25", "text": "but sometimes I find myself having"}, {"start": "00:19:23", "end": "00:19:27", "text": "conversations with people who aren't in"}, {"start": "00:19:25", "end": "00:19:29", "text": "the crypto space. I I I don't know if"}, {"start": "00:19:27", "end": "00:19:31", "text": "I'm trying to convince them. I don't"}, {"start": "00:19:29", "end": "00:19:34", "text": "know if I'm trying to save them in some"}, {"start": "00:19:31", "end": "00:19:36", "text": "sort of way uh from impending in in"}, {"start": "00:19:34", "end": "00:19:39", "text": "inflation, but I I have this thing where"}, {"start": "00:19:36", "end": "00:19:40", "text": "I'm constantly trying to let people know"}, {"start": "00:19:39", "end": "00:19:42", "text": "what's happening in the crypto market,"}, {"start": "00:19:40", "end": "00:19:44", "text": "keep them up to date, and people just"}, {"start": "00:19:42", "end": "00:19:47", "text": "don't care. like they don't care at all."}, {"start": "00:19:44", "end": "00:19:49", "text": "And like it's it's not even me trying to"}, {"start": "00:19:47", "end": "00:19:51", "text": "tell them like, hey, look at Bitcoin,"}, {"start": "00:19:49", "end": "00:19:53", "text": "look at XRP, look at Ethereum. I'm"}, {"start": "00:19:51", "end": "00:19:55", "text": "trying to explain to them like"}, {"start": "00:19:53", "end": "00:19:59", "text": "everything you do financially is moving"}, {"start": "00:19:55", "end": "00:20:02", "text": "onchain. Visa and Mastercard are moving"}, {"start": "00:19:59", "end": "00:20:04", "text": "onchain. The the New York Stock Exchange"}, {"start": "00:20:02", "end": "00:20:06", "text": "is talking about tokenizing their"}, {"start": "00:20:04", "end": "00:20:08", "text": "stocks."}, {"start": "00:20:06", "end": "00:20:10", "text": "Like this is going to take over the"}, {"start": "00:20:08", "end": "00:20:13", "text": "world. But for whatever reason, a lot of"}, {"start": "00:20:10", "end": "00:20:15", "text": "people just don't care. But I mean"}, {"start": "00:20:13", "end": "00:20:21", "text": "that's another discussion for another"}, {"start": "00:20:15", "end": "00:20:24", "text": "time. So yeah, this will at some point"}, {"start": "00:20:21", "end": "00:20:26", "text": "come out, reveal itself, and simply just"}, {"start": "00:20:24", "end": "00:20:28", "text": "be a thing. I assume in five or 6 years"}, {"start": "00:20:26", "end": "00:20:32", "text": "it'll be quite common place. It it'll be"}, {"start": "00:20:28", "end": "00:20:33", "text": "brand new for other people who aren't in"}, {"start": "00:20:32", "end": "00:20:35", "text": "crypto, but I think you and I will be"}, {"start": "00:20:33", "end": "00:20:38", "text": "quite used to it just because we keep"}, {"start": "00:20:35", "end": "00:20:42", "text": "hearing about it uh so often. But yeah,"}, {"start": "00:20:38", "end": "00:20:44", "text": "I'm always quite confused as to like the"}, {"start": "00:20:42", "end": "00:20:46", "text": "news is the news. Like the stuff we get"}, {"start": "00:20:44", "end": "00:20:48", "text": "is like stuff that's actually happening."}, {"start": "00:20:46", "end": "00:20:51", "text": "So this isn't an article about like"}, {"start": "00:20:48", "end": "00:20:53", "text": "hopefully one day in the year 2042 the"}, {"start": "00:20:51", "end": "00:20:54", "text": "New York Stock Exchange is talking about"}, {"start": "00:20:53", "end": "00:20:57", "text": "using crypto like no like they're"}, {"start": "00:20:54", "end": "00:21:00", "text": "actively doing it right now. So, no"}, {"start": "00:20:57", "end": "00:21:03", "text": "matter how much evidence [clears throat]"}, {"start": "00:21:00", "end": "00:21:06", "text": "someone can have or get receive,"}, {"start": "00:21:03", "end": "00:21:08", "text": "uh, people will still ignore it. And"}, {"start": "00:21:06", "end": "00:21:11", "text": "that's not your fault. That's not my"}, {"start": "00:21:08", "end": "00:21:13", "text": "fault. It just simply is the way of the"}, {"start": "00:21:11", "end": "00:21:16", "text": "world. That's the New York Stock"}, {"start": "00:21:13", "end": "00:21:21", "text": "Exchange is uh filing for a 24/7"}, {"start": "00:21:16", "end": "00:21:24", "text": "tokenized US stock trading venue news."}, {"start": "00:21:21", "end": "00:21:27", "text": "Moving along."}, {"start": "00:21:24", "end": "00:21:29", "text": "Also, in quite popular news, for those"}, {"start": "00:21:27", "end": "00:21:31", "text": "of you not looking at the screen, it"}, {"start": "00:21:29", "end": "00:21:35", "text": "[snorts] says Metaplanet has announced"}, {"start": "00:21:31", "end": "00:21:37", "text": "that they added another 1,000 Bitcoin to"}, {"start": "00:21:35", "end": "00:21:40", "text": "their holdings in the third quarter of"}, {"start": "00:21:37", "end": "00:21:42", "text": "this year. It says ending of It says"}, {"start": "00:21:40", "end": "00:21:43", "text": "ending December 31st. I don't know why"}, {"start": "00:21:42", "end": "00:21:45", "text": "they would put that there. Basically,"}, {"start": "00:21:43", "end": "00:21:47", "text": "it's still this fiscal year. So, in the"}, {"start": "00:21:45", "end": "00:21:51", "text": "third quarter of this year, they added"}, {"start": "00:21:47", "end": "00:21:54", "text": "another 1,000 Bitcoin. As of the end of"}, {"start": "00:21:51", "end": "00:21:58", "text": "September, uh Metaplanet's Bitcoin"}, {"start": "00:21:54", "end": "00:22:00", "text": "holdings stand at 44,000"}, {"start": "00:21:58", "end": "00:22:02", "text": "Bitcoin. During the quarter, the group"}, {"start": "00:22:00", "end": "00:22:05", "text": "also completed a Bitcoin sale and"}, {"start": "00:22:02", "end": "00:22:07", "text": "repurchase transaction to demonstrate"}, {"start": "00:22:05", "end": "00:22:09", "text": "its ability to convert Bitcoin positions"}, {"start": "00:22:07", "end": "00:22:11", "text": "into cash. I'll go over that in one"}, {"start": "00:22:09", "end": "00:22:13", "text": "second. The move is intended to"}, {"start": "00:22:11", "end": "00:22:15", "text": "strengthen market confidence in the"}, {"start": "00:22:13", "end": "00:22:17", "text": "company's credit profile and broaden"}, {"start": "00:22:15", "end": "00:22:19", "text": "future channeling financing channels"}, {"start": "00:22:17", "end": "00:22:21", "text": "including corporate bond and preferred"}, {"start": "00:22:19", "end": "00:22:24", "text": "stock issuances. So for those of you who"}, {"start": "00:22:21", "end": "00:22:26", "text": "weren't here, don't remember, I told you"}, {"start": "00:22:24", "end": "00:22:27", "text": "in summertime"}, {"start": "00:22:26", "end": "00:22:31", "text": "that"}, {"start": "00:22:27", "end": "00:22:35", "text": "basically what uh Micro Strategy was"}, {"start": "00:22:31", "end": "00:22:36", "text": "doing was going to have profound"}, {"start": "00:22:35", "end": "00:22:39", "text": "implications for the cryptocurrency"}, {"start": "00:22:36", "end": "00:22:41", "text": "market. Micro Strategy has been"}, {"start": "00:22:39", "end": "00:22:43", "text": "purchasing Bitcoin for a number of"}, {"start": "00:22:41", "end": "00:22:46", "text": "years. They announced that they would"}, {"start": "00:22:43", "end": "00:22:48", "text": "never sell Bitcoin. You can find the"}, {"start": "00:22:46", "end": "00:22:49", "text": "articles. You can find Michael Sailor"}, {"start": "00:22:48", "end": "00:22:51", "text": "saying it. It is what it is. And then"}, {"start": "00:22:49", "end": "00:22:55", "text": "they ended up selling Bitcoin because"}, {"start": "00:22:51", "end": "00:22:57", "text": "Micro Strategy got themselves in 60"}, {"start": "00:22:55", "end": "00:22:59", "text": "billion"}, {"start": "00:22:57", "end": "00:23:01", "text": "60 billion dollars worth of debt, which"}, {"start": "00:22:59", "end": "00:23:07", "text": "is like the same amount of debt that"}, {"start": "00:23:01", "end": "00:23:10", "text": "France has, which is Uhhuh. Um and then"}, {"start": "00:23:07", "end": "00:23:12", "text": "basically their debt obligations were a"}, {"start": "00:23:10", "end": "00:23:14", "text": "little rocky. So we heard so the public"}, {"start": "00:23:12", "end": "00:23:16", "text": "heard something was wrong with uh paying"}, {"start": "00:23:14", "end": "00:23:18", "text": "off the debt. There was an issue with"}, {"start": "00:23:16", "end": "00:23:22", "text": "their dividend rate for their from Micro"}, {"start": "00:23:18", "end": "00:23:24", "text": "Strategy stock which is 12%."}, {"start": "00:23:22", "end": "00:23:27", "text": "12 and they apparently were having"}, {"start": "00:23:24", "end": "00:23:30", "text": "issues allegedly uh trouble paying the"}, {"start": "00:23:27", "end": "00:23:32", "text": "dividend. So they ended up selling some"}, {"start": "00:23:30", "end": "00:23:35", "text": "of their Bitcoin. [clears throat] And"}, {"start": "00:23:32", "end": "00:23:37", "text": "this is why I believe we used to hear"}, {"start": "00:23:35", "end": "00:23:41", "text": "quite frequently"}, {"start": "00:23:37", "end": "00:23:43", "text": "from like April backwards of a lot of"}, {"start": "00:23:41", "end": "00:23:45", "text": "companies who were constantly buying"}, {"start": "00:23:43", "end": "00:23:47", "text": "huge amounts of Bitcoin. It was mainly"}, {"start": "00:23:45", "end": "00:23:49", "text": "uh Metaplanet"}, {"start": "00:23:47", "end": "00:23:50", "text": "uh Micro Strategy and there was one I I"}, {"start": "00:23:49", "end": "00:23:52", "text": "can't remember the name of the third"}, {"start": "00:23:50", "end": "00:23:54", "text": "one. [clears throat]"}, {"start": "00:23:52", "end": "00:23:56", "text": "And they kind of slowed down their"}, {"start": "00:23:54", "end": "00:23:59", "text": "purchases. Why? because they were doing"}, {"start": "00:23:56", "end": "00:24:01", "text": "the exact same thing that um Micro"}, {"start": "00:23:59", "end": "00:24:04", "text": "Strategy was. They were taking out huge"}, {"start": "00:24:01", "end": "00:24:06", "text": "amounts of debt against the company and"}, {"start": "00:24:04", "end": "00:24:08", "text": "then using that debt to buy Bitcoin"}, {"start": "00:24:06", "end": "00:24:10", "text": "because the idea was well Bitcoin's"}, {"start": "00:24:08", "end": "00:24:12", "text": "going up to a million. So, it doesn't"}, {"start": "00:24:10", "end": "00:24:13", "text": "really matter what debt we get ourselves"}, {"start": "00:24:12", "end": "00:24:15", "text": "into, we'll always have the money to be"}, {"start": "00:24:13", "end": "00:24:18", "text": "able to pay it back until the market"}, {"start": "00:24:15", "end": "00:24:20", "text": "stagnated for a couple of months. Micro"}, {"start": "00:24:18", "end": "00:24:23", "text": "Strategy had some issues and then Met"}, {"start": "00:24:20", "end": "00:24:24", "text": "Planet kind of went hush hush. So,"}, {"start": "00:24:23", "end": "00:24:26", "text": "[clears throat and cough]"}, {"start": "00:24:24", "end": "00:24:29", "text": "if you don't remember, this is this is"}, {"start": "00:24:26", "end": "00:24:34", "text": "interesting news because"}, {"start": "00:24:29", "end": "00:24:37", "text": "MetaPlanet announced that by the end"}, {"start": "00:24:34", "end": "00:24:43", "text": "by the end of this year, [clears throat]"}, {"start": "00:24:37", "end": "00:24:44", "text": "they want to have uh 100,000 Bitcoin."}, {"start": "00:24:43", "end": "00:24:47", "text": "And I said around spring, I was like,"}, {"start": "00:24:44", "end": "00:24:49", "text": "well, that's a gigantic goal. You're"}, {"start": "00:24:47", "end": "00:24:50", "text": "going to have to, you know, really rush"}, {"start": "00:24:49", "end": "00:24:52", "text": "to kind of get there. I don't think"}, {"start": "00:24:50", "end": "00:24:55", "text": "they're going to make it now, but uh"}, {"start": "00:24:52", "end": "00:24:59", "text": "they're also MetaPlanet is also famous"}, {"start": "00:24:55", "end": "00:25:02", "text": "for announcing that in 2027"}, {"start": "00:24:59", "end": "00:25:05", "text": "they want to have 1% of all Bitcoin."}, {"start": "00:25:02", "end": "00:25:06", "text": "They want to have a 210,000"}, {"start": "00:25:05", "end": "00:25:08", "text": "BTC."}, {"start": "00:25:06", "end": "00:25:11", "text": "But of course, if prices go up, you"}, {"start": "00:25:08", "end": "00:25:13", "text": "can't really get there. So them buying"}, {"start": "00:25:11", "end": "00:25:18", "text": "a,000 Bitcoin is no small feat. That's"}, {"start": "00:25:13", "end": "00:25:20", "text": "still a ginormous amount of any asset uh"}, {"start": "00:25:18", "end": "00:25:23", "text": "to buy. Like if we heard that a company"}, {"start": "00:25:20", "end": "00:25:26", "text": "had just purchased 1,000 homes, that's a"}, {"start": "00:25:23", "end": "00:25:28", "text": "lot. Like that's a huge amount of real"}, {"start": "00:25:26", "end": "00:25:31", "text": "estate to purchase. But I think it's"}, {"start": "00:25:28", "end": "00:25:34", "text": "fine that I think it's fine that this"}, {"start": "00:25:31", "end": "00:25:37", "text": "company uh doesn't have a 100,000"}, {"start": "00:25:34", "end": "00:25:39", "text": "Bitcoin. Here's the actual uh thing"}, {"start": "00:25:37", "end": "00:25:42", "text": "right here uh from their corporate"}, {"start": "00:25:39", "end": "00:25:43", "text": "office. It says to whom it may concern"}, {"start": "00:25:42", "end": "00:25:45", "text": "and then it goes over their quarterly"}, {"start": "00:25:43", "end": "00:25:48", "text": "purchases. It's totally fine that this"}, {"start": "00:25:45", "end": "00:25:51", "text": "one company doesn't have an enormous"}, {"start": "00:25:48", "end": "00:25:54", "text": "amount of Bitcoin as Bitcoin is for you"}, {"start": "00:25:51", "end": "00:25:57", "text": "and the public. Uh even though we"}, {"start": "00:25:54", "end": "00:25:59", "text": "continue to hear that corporate entities"}, {"start": "00:25:57", "end": "00:26:02", "text": "are trying to buy as much as humanly"}, {"start": "00:25:59", "end": "00:26:05", "text": "possible, but I assume they'll get to"}, {"start": "00:26:02", "end": "00:26:08", "text": "$50,000 and basically slow down a little"}, {"start": "00:26:05", "end": "00:26:10", "text": "bit more um just because you know what"}, {"start": "00:26:08", "end": "00:26:12", "text": "have you. But yeah, this made news"}, {"start": "00:26:10", "end": "00:26:15", "text": "because we have not heard about"}, {"start": "00:26:12", "end": "00:26:17", "text": "MetaPlanet in a while. They used to they"}, {"start": "00:26:15", "end": "00:26:20", "text": "were also quite weakly in their"}, {"start": "00:26:17", "end": "00:26:22", "text": "purchases. Meta um I I hate that the"}, {"start": "00:26:20", "end": "00:26:25", "text": "names are so similar. [clears throat]"}, {"start": "00:26:22", "end": "00:26:28", "text": "Meta planted Micro Strategy. Uh Micro"}, {"start": "00:26:25", "end": "00:26:31", "text": "Strategy used to do like weekly"}, {"start": "00:26:28", "end": "00:26:34", "text": "purchases of like 800 million to$1.2"}, {"start": "00:26:31", "end": "00:26:36", "text": "billion worth of Bitcoin. Metaplanet"}, {"start": "00:26:34", "end": "00:26:38", "text": "their purchases were smaller, but they"}, {"start": "00:26:36", "end": "00:26:42", "text": "were also like weekly. So we'd get like"}, {"start": "00:26:38", "end": "00:26:44", "text": "news one day that they had taken out $60"}, {"start": "00:26:42", "end": "00:26:46", "text": "million worth of debt against the"}, {"start": "00:26:44", "end": "00:26:48", "text": "company. Then the two days later we"}, {"start": "00:26:46", "end": "00:26:51", "text": "would hear that they purchased $55"}, {"start": "00:26:48", "end": "00:26:54", "text": "million worth of Bitcoin. Uh 5 million"}, {"start": "00:26:51", "end": "00:26:55", "text": "went to corporate expenses and then $55"}, {"start": "00:26:54", "end": "00:26:59", "text": "million went directly to bit. They were"}, {"start": "00:26:55", "end": "00:27:01", "text": "also like on it and people loved to hear"}, {"start": "00:26:59", "end": "00:27:04", "text": "about corporations buying up all the"}, {"start": "00:27:01", "end": "00:27:08", "text": "coins that are for humans. But um it are"}, {"start": "00:27:04", "end": "00:27:11", "text": "what it are. That's the MetaPlanet news."}, {"start": "00:27:08", "end": "00:27:13", "text": "Also tying into it as well. This is"}, {"start": "00:27:11", "end": "00:27:16", "text": "another company we haven't heard from in"}, {"start": "00:27:13", "end": "00:27:18", "text": "a while. They're called Remix Point. Um"}, {"start": "00:27:16", "end": "00:27:22", "text": "they're from Japan as well. It says they"}, {"start": "00:27:18", "end": "00:27:26", "text": "purchased 7.5 Bitcoin, bringing their"}, {"start": "00:27:22", "end": "00:27:26", "text": "holdings to 1,58.72"}, {"start": "00:27:27", "end": "00:27:32", "text": "Bitcoin. Uh there was a I mean this is"}, {"start": "00:27:29", "end": "00:27:35", "text": "still a thing, but last year was more of"}, {"start": "00:27:32", "end": "00:27:39", "text": "a thing. You and I used to have a lot of"}, {"start": "00:27:35", "end": "00:27:42", "text": "news about Japan. Japan's economy isn't"}, {"start": "00:27:39", "end": "00:27:46", "text": "great. Doesn't look like it's going to"}, {"start": "00:27:42", "end": "00:27:49", "text": "do any better going into the future. And"}, {"start": "00:27:46", "end": "00:27:54", "text": "um a number of corporations within Japan"}, {"start": "00:27:49", "end": "00:27:56", "text": "last year kind of came out in discussion"}, {"start": "00:27:54", "end": "00:27:58", "text": "that because their local currency is so"}, {"start": "00:27:56", "end": "00:28:01", "text": "bad that they decided to shift a portion"}, {"start": "00:27:58", "end": "00:28:04", "text": "of their corporate holdings into"}, {"start": "00:28:01", "end": "00:28:06", "text": "Bitcoin. That's why, if you remember, we"}, {"start": "00:28:04", "end": "00:28:08", "text": "were hearing about like 12 companies per"}, {"start": "00:28:06", "end": "00:28:10", "text": "week. It was constant. If you weren't"}, {"start": "00:28:08", "end": "00:28:11", "text": "here, I mean, it was all the time. We"}, {"start": "00:28:10", "end": "00:28:13", "text": "kept hearing about new company, new"}, {"start": "00:28:11", "end": "00:28:15", "text": "company, new company, new company. And"}, {"start": "00:28:13", "end": "00:28:16", "text": "many of them were from Japan. Some were"}, {"start": "00:28:15", "end": "00:28:19", "text": "from South Korea. We [snorts] had some"}, {"start": "00:28:16", "end": "00:28:21", "text": "US ones. We had a Steak and Shake and"}, {"start": "00:28:19", "end": "00:28:24", "text": "etc, etc. But many of them were from"}, {"start": "00:28:21", "end": "00:28:26", "text": "Japan. And they were, if you will,"}, {"start": "00:28:24", "end": "00:28:28", "text": "sounding the alarm on just how bad"}, {"start": "00:28:26", "end": "00:28:31", "text": "things were within the country. Now we"}, {"start": "00:28:28", "end": "00:28:33", "text": "actually know like things are pretty"}, {"start": "00:28:31", "end": "00:28:35", "text": "gosh darn bad. The the the economy is"}, {"start": "00:28:33", "end": "00:28:38", "text": "not doing too hot. Um if you haven't I"}, {"start": "00:28:35", "end": "00:28:39", "text": "mean not that you should if you get a"}, {"start": "00:28:38", "end": "00:28:41", "text": "chance to watch like a a video about"}, {"start": "00:28:39", "end": "00:28:44", "text": "Japan and like Japan's economy right"}, {"start": "00:28:41", "end": "00:28:47", "text": "now. It's pretty uh it's pretty"}, {"start": "00:28:44", "end": "00:28:50", "text": "worrying. Uh people there like they're"}, {"start": "00:28:47", "end": "00:28:52", "text": "what's the word? The their their"}, {"start": "00:28:50", "end": "00:28:55", "text": "paychecks aren't going up. [laughter]"}, {"start": "00:28:52", "end": "00:28:55", "text": "Um, but the cost of everything is"}, {"start": "00:28:55", "end": "00:28:57", "text": "[clears throat]"}, {"start": "00:28:55", "end": "00:29:01", "text": "and a lot of people are often quite"}, {"start": "00:28:57", "end": "00:29:03", "text": "shocked. Like when you think of Tokyo,"}, {"start": "00:29:01", "end": "00:29:04", "text": "many people equate Tokyo to London,"}, {"start": "00:29:03", "end": "00:29:08", "text": "Paris, New York, like like the big"}, {"start": "00:29:04", "end": "00:29:12", "text": "capital cities. People in Tokyo, they"}, {"start": "00:29:08", "end": "00:29:15", "text": "make like $1,100 per month."}, {"start": "00:29:12", "end": "00:29:17", "text": "Like $1,100 that that's like the average"}, {"start": "00:29:15", "end": "00:29:19", "text": "amount per month that people make. Is"}, {"start": "00:29:17", "end": "00:29:21", "text": "it's the same exact thing in Paris. is"}, {"start": "00:29:19", "end": "00:29:23", "text": "is also I I was chatting with someone"}, {"start": "00:29:21", "end": "00:29:24", "text": "before and they were talking about"}, {"start": "00:29:23", "end": "00:29:26", "text": "[clears throat]"}, {"start": "00:29:24", "end": "00:29:29", "text": "this is a real conversation somebody was"}, {"start": "00:29:26", "end": "00:29:31", "text": "telling me that they wanted to go to New"}, {"start": "00:29:29", "end": "00:29:33", "text": "York and as I'm from the states they"}, {"start": "00:29:31", "end": "00:29:36", "text": "they wanted my opinion and I was like"}, {"start": "00:29:33", "end": "00:29:37", "text": "well New York is very expensive"}, {"start": "00:29:36", "end": "00:29:39", "text": "[clears throat] and they were like yeah"}, {"start": "00:29:37", "end": "00:29:41", "text": "but everyone there is really rich and I"}, {"start": "00:29:39", "end": "00:29:44", "text": "was like what do you mean they said well"}, {"start": "00:29:41", "end": "00:29:47", "text": "like in every movie every TV show every"}, {"start": "00:29:44", "end": "00:29:48", "text": "like live real estate show"}, {"start": "00:29:47", "end": "00:29:51", "text": "[clears throat and cough]"}, {"start": "00:29:48", "end": "00:29:53", "text": "or a housewife show. Everyone's"}, {"start": "00:29:51", "end": "00:29:54", "text": "incredibly wealthy. And I was like, \"No,"}, {"start": "00:29:53", "end": "00:29:56", "text": "the shows are about those people because"}, {"start": "00:29:54", "end": "00:29:58", "text": "they are wealthy.\""}, {"start": "00:29:56", "end": "00:29:59", "text": "I was like, \"Everyone else doesn't have"}, {"start": "00:29:58", "end": "00:30:01", "text": "that kind of money.\" And they were like,"}, {"start": "00:29:59", "end": "00:30:03", "text": "\"Really?\" I was like, \"Yeah, you thought"}, {"start": "00:30:01", "end": "00:30:05", "text": "every you thought every every single"}, {"start": "00:30:03", "end": "00:30:07", "text": "person walking around"}, {"start": "00:30:05", "end": "00:30:09", "text": "and New York City was just flushed with"}, {"start": "00:30:07", "end": "00:30:12", "text": "cash.\" So then I had that conversation"}, {"start": "00:30:09", "end": "00:30:14", "text": "with someone else about um Paris."}, {"start": "00:30:12", "end": "00:30:16", "text": "A lot of times, I mean, depends on the"}, {"start": "00:30:14", "end": "00:30:17", "text": "corner of the internet that you're on,"}, {"start": "00:30:16", "end": "00:30:19", "text": "there are people who make those videos"}, {"start": "00:30:17", "end": "00:30:20", "text": "where they walk around like with a"}, {"start": "00:30:19", "end": "00:30:22", "text": "microphone in the street and they ask"}, {"start": "00:30:20", "end": "00:30:24", "text": "people like, you know, uh, how much"}, {"start": "00:30:22", "end": "00:30:25", "text": "money do you make or like are you rich?"}, {"start": "00:30:24", "end": "00:30:27", "text": "Like you you you've seen those kinds of"}, {"start": "00:30:25", "end": "00:30:30", "text": "videos. And when they ask people in"}, {"start": "00:30:27", "end": "00:30:33", "text": "Paris like how much you make like per"}, {"start": "00:30:30", "end": "00:30:37", "text": "month on average, people make like"}, {"start": "00:30:33", "end": "00:30:41", "text": "1,500. People make like $1,850"}, {"start": "00:30:37", "end": "00:30:46", "text": "like per per month. like �1,850"}, {"start": "00:30:41", "end": "00:30:49", "text": "like per per month. For context, uh rent"}, {"start": "00:30:46", "end": "00:30:53", "text": "in Paris is like 1,4500"}, {"start": "00:30:49", "end": "00:30:56", "text": "for like 30 something me square. That's"}, {"start": "00:30:53", "end": "00:30:57", "text": "like 300 square ft. So a lot of people"}, {"start": "00:30:56", "end": "00:31:00", "text": "think that people in capital cities are"}, {"start": "00:30:57", "end": "00:31:02", "text": "like making bank and they're not. This"}, {"start": "00:31:00", "end": "00:31:04", "text": "is part of the, you know, the friction"}, {"start": "00:31:02", "end": "00:31:07", "text": "that's currently going on in the world."}, {"start": "00:31:04", "end": "00:31:09", "text": "So people in Japan, people in Tokyo,"}, {"start": "00:31:07", "end": "00:31:10", "text": "they're not making an enormous amount of"}, {"start": "00:31:09", "end": "00:31:13", "text": "money. And when they go to the"}, {"start": "00:31:10", "end": "00:31:15", "text": "supermarket, like things aren't, you"}, {"start": "00:31:13", "end": "00:31:18", "text": "know, they they they have to keep"}, {"start": "00:31:15", "end": "00:31:20", "text": "stretching the their coins as as as much"}, {"start": "00:31:18", "end": "00:31:21", "text": "as possible. So a lot of Japanese"}, {"start": "00:31:20", "end": "00:31:23", "text": "companies were like, \"Yeah, like we"}, {"start": "00:31:21", "end": "00:31:24", "text": "can't do it anymore. Like it's very"}, {"start": "00:31:23", "end": "00:31:27", "text": "difficult.\" So they announced that they"}, {"start": "00:31:24", "end": "00:31:29", "text": "were moving into crypto as like a hedge"}, {"start": "00:31:27", "end": "00:31:32", "text": "literally against inflation and costs"}, {"start": "00:31:29", "end": "00:31:35", "text": "within their country. So anyway, just a"}, {"start": "00:31:32", "end": "00:31:37", "text": "little bit of history there. All right,"}, {"start": "00:31:35", "end": "00:31:40", "text": "everyone. I think that's going to do it"}, {"start": "00:31:37", "end": "00:31:41", "text": "for this video. I hope you're all doing"}, {"start": "00:31:40", "end": "00:31:45", "text": "well. Hope you're all remembering to"}, {"start": "00:31:41", "end": "00:31:47", "text": "invest. It's quite important. Um hope"}, {"start": "00:31:45", "end": "00:31:48", "text": "you're all having a great day, a great"}, {"start": "00:31:47", "end": "00:31:50", "text": "morning, a great afternoon, a great"}, {"start": "00:31:48", "end": "00:31:52", "text": "evening, wherever you are, wherever you"}, {"start": "00:31:50", "end": "00:31:55", "text": "might be. I do hope it is absolutely"}, {"start": "00:31:52", "end": "00:31:57", "text": "fantastic."}, {"start": "00:31:55", "end": "00:31:59", "text": "Thank you all once again for watching,"}, {"start": "00:31:57", "end": "00:32:02", "text": "listening, liking, commenting, and"}, {"start": "00:31:59", "end": "00:32:05", "text": "supporting. and I will most certainly be"}, {"start": "00:32:02", "end": "00:32:09", "text": "talking to you all soon."}, {"start": "00:32:05", "end": "00:32:09", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:05", "end": "00:00:11", "text": "Welcome back for another"}, {"start": "00:00:09", "end": "00:00:15", "text": "video."}, {"start": "00:00:11", "end": "00:00:19", "text": "Hope you're all doing well. Hope you're"}, {"start": "00:00:15", "end": "00:00:21", "text": "all doing great. Hope you're all doing"}, {"start": "00:00:19", "end": "00:00:24", "text": "absolutely"}, {"start": "00:00:21", "end": "00:00:27", "text": "fantastic and that you are all having a"}, {"start": "00:00:24", "end": "00:00:30", "text": "great day. Don't forget to leave a like."}, {"start": "00:00:27", "end": "00:00:32", "text": "Don't forget to leave a comment. Hope"}, {"start": "00:00:30", "end": "00:00:34", "text": "you're all remembering to invest right"}, {"start": "00:00:32", "end": "00:00:37", "text": "now. Uhhuh. What have you been investing"}, {"start": "00:00:34", "end": "00:00:40", "text": "in? What have you been buying? What have"}, {"start": "00:00:37", "end": "00:00:44", "text": "you been accumulating? It is very"}, {"start": "00:00:40", "end": "00:00:47", "text": "important to invest because no one is"}, {"start": "00:00:44", "end": "00:00:51", "text": "going to do it for you."}, {"start": "00:00:47", "end": "00:00:55", "text": "Gargantuan thank you to Livioc FT clown"}, {"start": "00:00:51", "end": "00:01:00", "text": "Lyall Austin Alexander the Greek Gypsy"}, {"start": "00:00:55", "end": "00:01:03", "text": "Queen Trent Jackson Gil Boa Snake and"}, {"start": "00:01:00", "end": "00:01:05", "text": "Finn Lee Bass."}, {"start": "00:01:03", "end": "00:01:08", "text": "Very big thank you to my Patreon"}, {"start": "00:01:05", "end": "00:01:12", "text": "supporters. And"}, {"start": "00:01:08", "end": "00:01:16", "text": "without any further ado, let us jump"}, {"start": "00:01:12", "end": "00:01:21", "text": "right into it. Oh my gosh."}, {"start": "00:01:16", "end": "00:01:24", "text": "So, uh, it hasn't let up. If you've"}, {"start": "00:01:21", "end": "00:01:26", "text": "missed the last few weeks of videos, uh,"}, {"start": "00:01:24", "end": "00:01:28", "text": "it's no longer a sentiment. It's"}, {"start": "00:01:26", "end": "00:01:31", "text": "apparently a thingamament. It is"}, {"start": "00:01:28", "end": "00:01:33", "text": "something that is here, that's going to"}, {"start": "00:01:31", "end": "00:01:36", "text": "happen, that we're going to see, and"}, {"start": "00:01:33", "end": "00:01:38", "text": "we're going to experience. Every"}, {"start": "00:01:36", "end": "00:01:40", "text": "single"}, {"start": "00:01:38", "end": "00:01:44", "text": "analyst"}, {"start": "00:01:40", "end": "00:01:48", "text": "within the cryptocurrency market has"}, {"start": "00:01:44", "end": "00:01:52", "text": "bestowed upon us an everlasting amount"}, {"start": "00:01:48", "end": "00:01:54", "text": "of price predictions. And that was a $29"}, {"start": "00:01:52", "end": "00:01:55", "text": "million transfer. Did you see that?"}, {"start": "00:01:54", "end": "00:02:00", "text": "Sometimes I look at the screen and I'm"}, {"start": "00:01:55", "end": "00:02:04", "text": "like, where's all that money going? Um"}, {"start": "00:02:00", "end": "00:02:07", "text": "uh price predictions and"}, {"start": "00:02:04", "end": "00:02:10", "text": "currently it is evident that the the"}, {"start": "00:02:07", "end": "00:02:13", "text": "trend will not subside as we are"}, {"start": "00:02:10", "end": "00:02:17", "text": "officially over the"}, {"start": "00:02:13", "end": "00:02:20", "text": "date the border the the time frame when"}, {"start": "00:02:17", "end": "00:02:22", "text": "we have been told that the crypto market"}, {"start": "00:02:20", "end": "00:02:25", "text": "would essentially of course there will"}, {"start": "00:02:22", "end": "00:02:29", "text": "be some days in red where we would"}, {"start": "00:02:25", "end": "00:02:31", "text": "essentially send uh prices a lot higher"}, {"start": "00:02:29", "end": "00:02:33", "text": "and we'd see as one of the other videos"}, {"start": "00:02:31", "end": "00:02:37", "text": "recently said there was an analyst who"}, {"start": "00:02:33", "end": "00:02:40", "text": "was discussing XRP and he was like we're"}, {"start": "00:02:37", "end": "00:02:44", "text": "only going to see green."}, {"start": "00:02:40", "end": "00:02:47", "text": "Ral Pal uh a day or two ago stated uh"}, {"start": "00:02:44", "end": "00:02:51", "text": "that Bitcoin is going to outperform the"}, {"start": "00:02:47", "end": "00:02:54", "text": "stock market which has historically been"}, {"start": "00:02:51", "end": "00:02:57", "text": "doing incredibly well over the last few"}, {"start": "00:02:54", "end": "00:03:02", "text": "years. What else happened? Not a day has"}, {"start": "00:02:57", "end": "00:03:05", "text": "gone by where we haven't"}, {"start": "00:03:02", "end": "00:03:09", "text": "had some kind of spectacular price news"}, {"start": "00:03:05", "end": "00:03:12", "text": "one way or another. There is a"}, {"start": "00:03:09", "end": "00:03:14", "text": "feeling in the air that uh things are"}, {"start": "00:03:12", "end": "00:03:17", "text": "going to really begin to kick off even"}, {"start": "00:03:14", "end": "00:03:20", "text": "when we have price movements upward."}, {"start": "00:03:17", "end": "00:03:24", "text": "There is still the idea that by the end"}, {"start": "00:03:20", "end": "00:03:27", "text": "of this year"}, {"start": "00:03:24", "end": "00:03:29", "text": "and I put a lot of emphasis on the"}, {"start": "00:03:27", "end": "00:03:33", "text": "syllable just so you all understand"}, {"start": "00:03:29", "end": "00:03:36", "text": "because we're expecting prices to"}, {"start": "00:03:33", "end": "00:03:38", "text": "continue to move a lot higher. This is"}, {"start": "00:03:36", "end": "00:03:41", "text": "even with"}, {"start": "00:03:38", "end": "00:03:43", "text": "news of potential AI bubbles and things"}, {"start": "00:03:41", "end": "00:03:44", "text": "happening with the stock market. If I'm"}, {"start": "00:03:43", "end": "00:03:47", "text": "just reiterating if you've missed the"}, {"start": "00:03:44", "end": "00:03:49", "text": "other videos, these people think that if"}, {"start": "00:03:47", "end": "00:03:51", "text": "the stock [laughter] if the stock market"}, {"start": "00:03:49", "end": "00:03:54", "text": "goes down, the crypto market's going to"}, {"start": "00:03:51", "end": "00:03:56", "text": "go up. They think if the stock market"}, {"start": "00:03:54", "end": "00:03:59", "text": "goes up, the crypto market's going to"}, {"start": "00:03:56", "end": "00:04:01", "text": "[laughter] go up. There's no really"}, {"start": "00:03:59", "end": "00:04:05", "text": "between."}, {"start": "00:04:01", "end": "00:04:10", "text": "You think I'm joking, but I have um over"}, {"start": "00:04:05", "end": "00:04:13", "text": "over 400 videos uh every 24 hours as"}, {"start": "00:04:10", "end": "00:04:15", "text": "evidence. So,"}, {"start": "00:04:13", "end": "00:04:19", "text": "in the news today, for those of you not"}, {"start": "00:04:15", "end": "00:04:22", "text": "looking at the screen,"}, {"start": "00:04:19", "end": "00:04:26", "text": "someone by the name of Austin Hilton has"}, {"start": "00:04:22", "end": "00:04:31", "text": "cited a 200%"}, {"start": "00:04:26", "end": "00:04:34", "text": "surge as XRPI's new major move and next"}, {"start": "00:04:31", "end": "00:04:37", "text": "bull cycle."}, {"start": "00:04:34", "end": "00:04:40", "text": "I need you to completely understand"}, {"start": "00:04:37", "end": "00:04:42", "text": "that. So first of all, a"}, {"start": "00:04:40", "end": "00:04:46", "text": "historically"}, {"start": "00:04:42", "end": "00:04:49", "text": "this would be the time normally that the"}, {"start": "00:04:46", "end": "00:04:52", "text": "prices of crypto assets would begin to"}, {"start": "00:04:49", "end": "00:04:54", "text": "move higher as we like there's always an"}, {"start": "00:04:52", "end": "00:04:56", "text": "out of the bull market and into the bull"}, {"start": "00:04:54", "end": "00:04:59", "text": "market. That needs to be clarified like"}, {"start": "00:04:56", "end": "00:05:00", "text": "really well."}, {"start": "00:04:59", "end": "00:05:03", "text": "There's always a period where prices go"}, {"start": "00:05:00", "end": "00:05:06", "text": "down. This time the period of prices"}, {"start": "00:05:03", "end": "00:05:09", "text": "going down, our prices didn't really go"}, {"start": "00:05:06", "end": "00:05:15", "text": "down. So now that we are officially"}, {"start": "00:05:09", "end": "00:05:17", "text": "inside the time frame of so all pre all"}, {"start": "00:05:15", "end": "00:05:21", "text": "al"}, {"start": "00:05:17", "end": "00:05:23", "text": "previous market movements cycles of"}, {"start": "00:05:21", "end": "00:05:26", "text": "crypto has always shown there's a"}, {"start": "00:05:23", "end": "00:05:28", "text": "there's a the year of downwardness"}, {"start": "00:05:26", "end": "00:05:33", "text": "and then there's multiple years of going"}, {"start": "00:05:28", "end": "00:05:37", "text": "up. We are here currently. So saith the"}, {"start": "00:05:33", "end": "00:05:39", "text": "analysts and and and and the charts."}, {"start": "00:05:37", "end": "00:05:42", "text": "There are discussions as to where prices"}, {"start": "00:05:39", "end": "00:05:46", "text": "are going to move in the very short"}, {"start": "00:05:42", "end": "00:05:50", "text": "term. The even the idea even the idea of"}, {"start": "00:05:46", "end": "00:05:53", "text": "a 200% surge in XRP is something and I"}, {"start": "00:05:50", "end": "00:05:56", "text": "throw it out there this way is something"}, {"start": "00:05:53", "end": "00:05:58", "text": "relatively shortterm because of the lot"}, {"start": "00:05:56", "end": "00:06:03", "text": "of the news that we have gotten that"}, {"start": "00:05:58", "end": "00:06:07", "text": "analysts are expecting five to$7 plus"}, {"start": "00:06:03", "end": "00:06:09", "text": "per XRP before we get to next summer."}, {"start": "00:06:07", "end": "00:06:13", "text": "This has been the news that's been"}, {"start": "00:06:09", "end": "00:06:15", "text": "thrown our way. We have received a large"}, {"start": "00:06:13", "end": "00:06:17", "text": "amount of price predictions for Bitcoin"}, {"start": "00:06:15", "end": "00:06:20", "text": "this year as well. They kind of all"}, {"start": "00:06:17", "end": "00:06:21", "text": "generally fit into the same thing. They"}, {"start": "00:06:20", "end": "00:06:25", "text": "had something weeks ago that all"}, {"start": "00:06:21", "end": "00:06:30", "text": "mentioned going over a 100,000 and now"}, {"start": "00:06:25", "end": "00:06:31", "text": "the next target so sayaith is now over"}, {"start": "00:06:30", "end": "00:06:34", "text": "200,000"}, {"start": "00:06:31", "end": "00:06:37", "text": "by the end of the year. you need to"}, {"start": "00:06:34", "end": "00:06:39", "text": "under like really grasp"}, {"start": "00:06:37", "end": "00:06:43", "text": "the amount of attention we've had played"}, {"start": "00:06:39", "end": "00:06:45", "text": "to the market, the amount of money that"}, {"start": "00:06:43", "end": "00:06:49", "text": "has moved into the space. It is it is"}, {"start": "00:06:45", "end": "00:06:53", "text": "nothing short of"}, {"start": "00:06:49", "end": "00:06:56", "text": "dramatic that we have certain days"}, {"start": "00:06:53", "end": "00:06:58", "text": "where we see over a billion dollars"}, {"start": "00:06:56", "end": "00:07:03", "text": "move into a Bitcoin ETF."}, {"start": "00:06:58", "end": "00:07:05", "text": "So, in between all of that, once again,"}, {"start": "00:07:03", "end": "00:07:08", "text": "Bitcoin tends to Bitcoin tends to"}, {"start": "00:07:05", "end": "00:07:10", "text": "Bitcoin tends to be like the main"}, {"start": "00:07:08", "end": "00:07:13", "text": "contender in the news as far as like"}, {"start": "00:07:10", "end": "00:07:17", "text": "news, you know, it it takes the bulk."}, {"start": "00:07:13", "end": "00:07:20", "text": "Recently, you and I have been in like a"}, {"start": "00:07:17", "end": "00:07:22", "text": "like an XRP stint kind of. We haven't"}, {"start": "00:07:20", "end": "00:07:25", "text": "got there. It's been"}, {"start": "00:07:22", "end": "00:07:27", "text": "it's been over 10 days."}, {"start": "00:07:25", "end": "00:07:30", "text": "I don't remember any like significant"}, {"start": "00:07:27", "end": "00:07:33", "text": "Ethereum news. A lot of the news has"}, {"start": "00:07:30", "end": "00:07:36", "text": "focused around Bitcoin and XRP. We had"}, {"start": "00:07:33", "end": "00:07:38", "text": "one or two one or two days where Hideera"}, {"start": "00:07:36", "end": "00:07:41", "text": "Algarand and Stellar Lumens were"}, {"start": "00:07:38", "end": "00:07:44", "text": "mentioned. We had one day of"}, {"start": "00:07:41", "end": "00:07:48", "text": "Binancecoin. The Binancecoin Binance"}, {"start": "00:07:44", "end": "00:07:49", "text": "chain schoo apparently had uh what's it"}, {"start": "00:07:48", "end": "00:07:52", "text": "called?"}, {"start": "00:07:49", "end": "00:07:55", "text": "Ah, Binance Chain was the first chain to"}, {"start": "00:07:52", "end": "00:07:59", "text": "have over a billion dollars in realworld"}, {"start": "00:07:55", "end": "00:08:03", "text": "assets tokenized on their chain."}, {"start": "00:07:59", "end": "00:08:05", "text": "And then besides that, not a lot. Um, so"}, {"start": "00:08:03", "end": "00:08:09", "text": "here we are essentially off to the races"}, {"start": "00:08:05", "end": "00:08:12", "text": "as as as people"}, {"start": "00:08:09", "end": "00:08:14", "text": "anticipate higher prices as we"}, {"start": "00:08:12", "end": "00:08:16", "text": "potentially see much higher prices,"}, {"start": "00:08:14", "end": "00:08:19", "text": "especially with all the tokenization and"}, {"start": "00:08:16", "end": "00:08:21", "text": "stable coinization that's been happening"}, {"start": "00:08:19", "end": "00:08:24", "text": "uh"}, {"start": "00:08:21", "end": "00:08:26", "text": "to all of us. I I I don't know what what"}, {"start": "00:08:24", "end": "00:08:29", "text": "sentence to put there. Uh, here's a"}, {"start": "00:08:26", "end": "00:08:33", "text": "weird one, which"}, {"start": "00:08:29", "end": "00:08:35", "text": "I I wonder how this happened, but it's a"}, {"start": "00:08:33", "end": "00:08:37", "text": "thing. For those of you not looking at"}, {"start": "00:08:35", "end": "00:08:42", "text": "the screen, Coinbase has apparently"}, {"start": "00:08:37", "end": "00:08:42", "text": "launched a wrapped Litecoin."}, {"start": "00:08:44", "end": "00:08:51", "text": "Uh, it's also a CBLTC,"}, {"start": "00:08:47", "end": "00:08:56", "text": "so it is a Coinbase Litecoin."}, {"start": "00:08:51", "end": "00:08:56", "text": "Even weirder is that [laughter]"}, {"start": "00:08:56", "end": "00:09:04", "text": "it says Coinbase launches"}, {"start": "00:08:59", "end": "00:09:06", "text": "a Coinbase Litecoin on top of Salana"}, {"start": "00:09:04", "end": "00:09:08", "text": "via Chain Link. I I I think that part is"}, {"start": "00:09:06", "end": "00:09:10", "text": "of course it's it's it's cut off on the"}, {"start": "00:09:08", "end": "00:09:13", "text": "screen, but it's somewhere over here."}, {"start": "00:09:10", "end": "00:09:16", "text": "So, Coinbase has launched a Coinbase"}, {"start": "00:09:13", "end": "00:09:19", "text": "Litecoin on top of Salana by way of"}, {"start": "00:09:16", "end": "00:09:23", "text": "Chain Link. And it says, \"Litecoin ETF"}, {"start": "00:09:19", "end": "00:09:25", "text": "sees $1.73 million worth of inflows.\""}, {"start": "00:09:23", "end": "00:09:26", "text": "Um, I'm going to be honest with you, and"}, {"start": "00:09:25", "end": "00:09:29", "text": "I'm and I know I'm not the only one."}, {"start": "00:09:26", "end": "00:09:30", "text": "Don't lie. Don't you dare sit there and"}, {"start": "00:09:29", "end": "00:09:35", "text": "lie."}, {"start": "00:09:30", "end": "00:09:38", "text": "When the fudge was there a Litecoin ETF"}, {"start": "00:09:35", "end": "00:09:38", "text": "made?"}, {"start": "00:09:40", "end": "00:09:45", "text": "Do you know the last time we had news"}, {"start": "00:09:42", "end": "00:09:48", "text": "about a Litecoin ETF?"}, {"start": "00:09:45", "end": "00:09:51", "text": "The answer is never. [laughter] We don't"}, {"start": "00:09:48", "end": "00:09:54", "text": "get any news. That's why I saw this and"}, {"start": "00:09:51", "end": "00:09:55", "text": "I was like, what? That's like eight"}, {"start": "00:09:54", "end": "00:09:56", "text": "things happening at the exact same time."}, {"start": "00:09:55", "end": "00:10:01", "text": "For those of you who don't know what a"}, {"start": "00:09:56", "end": "00:10:04", "text": "wrapped token is, it's essentially"}, {"start": "00:10:01", "end": "00:10:05", "text": "uh you would kind of take a slower"}, {"start": "00:10:04", "end": "00:10:09", "text": "blockchain"}, {"start": "00:10:05", "end": "00:10:11", "text": "and you would mimic the value of the"}, {"start": "00:10:09", "end": "00:10:14", "text": "coins of that chain in another ecosystem"}, {"start": "00:10:11", "end": "00:10:17", "text": "that has more transactions per second."}, {"start": "00:10:14", "end": "00:10:19", "text": "So you would wrap up your Bitcoin, you"}, {"start": "00:10:17", "end": "00:10:22", "text": "would wrap up Ethereum, and you would"}, {"start": "00:10:19", "end": "00:10:24", "text": "put them on top of XRP or you would put"}, {"start": "00:10:22", "end": "00:10:25", "text": "them on top of Cardano or like whatever"}, {"start": "00:10:24", "end": "00:10:29", "text": "the case might have been. And"}, {"start": "00:10:25", "end": "00:10:32", "text": "essentially essentially the idea is you"}, {"start": "00:10:29", "end": "00:10:34", "text": "would then have access to it's namely"}, {"start": "00:10:32", "end": "00:10:38", "text": "DeFi, decentralized financial"}, {"start": "00:10:34", "end": "00:10:41", "text": "applications on said chain. So, as"}, {"start": "00:10:38", "end": "00:10:43", "text": "Bitcoin does not have DeFi, but Polygon"}, {"start": "00:10:41", "end": "00:10:46", "text": "does, you would wrap up your Bitcoin and"}, {"start": "00:10:43", "end": "00:10:49", "text": "put it into the Ethereum ecosystem. And"}, {"start": "00:10:46", "end": "00:10:51", "text": "this one, they're creating a new coin"}, {"start": "00:10:49", "end": "00:10:54", "text": "called Coinbase Litecoin. And this"}, {"start": "00:10:51", "end": "00:10:56", "text": "wrapped Litecoin that you would put on"}, {"start": "00:10:54", "end": "00:10:59", "text": "top of Salana. So, you would be able to"}, {"start": "00:10:56", "end": "00:11:02", "text": "deal in Salana's DeFi sector with"}, {"start": "00:10:59", "end": "00:11:04", "text": "Litecoin. Uh, but it it literally I'm"}, {"start": "00:11:02", "end": "00:11:10", "text": "I'm not joking. It literally says uh via"}, {"start": "00:11:04", "end": "00:11:13", "text": "Chain Link. Um, so there are there was"}, {"start": "00:11:10", "end": "00:11:17", "text": "not a rumor"}, {"start": "00:11:13", "end": "00:11:19", "text": "similar to uh Zedcash and what was the"}, {"start": "00:11:17", "end": "00:11:21", "text": "other one that people were trying to"}, {"start": "00:11:19", "end": "00:11:24", "text": "hype up before. There are a lot of"}, {"start": "00:11:21", "end": "00:11:27", "text": "Litecoin whales, but Litecoin doesn't"}, {"start": "00:11:24", "end": "00:11:30", "text": "ever really get spoken about. Litecoin"}, {"start": "00:11:27", "end": "00:11:34", "text": "being a legacy coin obviously"}, {"start": "00:11:30", "end": "00:11:37", "text": "uh is quite popular with like original"}, {"start": "00:11:34", "end": "00:11:41", "text": "crypto people. What doesn't get spoken"}, {"start": "00:11:37", "end": "00:11:45", "text": "about often is that Litecoin typically"}, {"start": "00:11:41", "end": "00:11:48", "text": "historically is a test net for Bitcoin."}, {"start": "00:11:45", "end": "00:11:50", "text": "Litecoin is a source code fork of"}, {"start": "00:11:48", "end": "00:11:53", "text": "Bitcoin. So it's basically the exact"}, {"start": "00:11:50", "end": "00:11:56", "text": "same thing, but they did a 4x on"}, {"start": "00:11:53", "end": "00:11:59", "text": "everything. So, Bitcoin has 21 million"}, {"start": "00:11:56", "end": "00:12:02", "text": "coins. Litecoin has 84 million coins. I"}, {"start": "00:11:59", "end": "00:12:04", "text": "think it I think I think it's four times"}, {"start": "00:12:02", "end": "00:12:06", "text": "quicker for transaction settlement. Like"}, {"start": "00:12:04", "end": "00:12:12", "text": "like there's a four in everything for"}, {"start": "00:12:06", "end": "00:12:14", "text": "it. F O R it. Um and uh a lot of people"}, {"start": "00:12:12", "end": "00:12:18", "text": "do like Litecoin. It just never makes it"}, {"start": "00:12:14", "end": "00:12:21", "text": "into the news. It's literally like"}, {"start": "00:12:18", "end": "00:12:23", "text": "mini Bitcoin, but no one except for"}, {"start": "00:12:21", "end": "00:12:27", "text": "larger players pay attention to it"}, {"start": "00:12:23", "end": "00:12:31", "text": "because at some point when Ethereum was"}, {"start": "00:12:27", "end": "00:12:34", "text": "like 12 $13, Litecoin was like 22 cents."}, {"start": "00:12:31", "end": "00:12:36", "text": "When Ethereum was 50 cents, Litecoin was"}, {"start": "00:12:34", "end": "00:12:38", "text": "like 1 cent. So there's a lot of people"}, {"start": "00:12:36", "end": "00:12:42", "text": "who have like a lot of Litecoin."}, {"start": "00:12:38", "end": "00:12:45", "text": "Litecoin also has a having as well. And"}, {"start": "00:12:42", "end": "00:12:48", "text": "I assume this is an assumption just"}, {"start": "00:12:45", "end": "00:12:50", "text": "because the earliest crypto players had"}, {"start": "00:12:48", "end": "00:12:51", "text": "a lot of these coins. They had a lot of"}, {"start": "00:12:50", "end": "00:12:54", "text": "Litecoin. They had a lot of, you know,"}, {"start": "00:12:51", "end": "00:12:58", "text": "so and so. So I feel like sometimes this"}, {"start": "00:12:54", "end": "00:13:01", "text": "is okay. This is a my tinfoil hat is"}, {"start": "00:12:58", "end": "00:13:04", "text": "firmly placed on my head. Sometimes I've"}, {"start": "00:13:01", "end": "00:13:07", "text": "wondered about Litecoin and I wonder if"}, {"start": "00:13:04", "end": "00:13:09", "text": "it's like going to be used as a backup"}, {"start": "00:13:07", "end": "00:13:12", "text": "at some point in the future or like"}, {"start": "00:13:09", "end": "00:13:15", "text": "begin to be marketed as like a if you"}, {"start": "00:13:12", "end": "00:13:18", "text": "love Bitcoin that's too expensive. Look"}, {"start": "00:13:15", "end": "00:13:20", "text": "over here like that kind of thing."}, {"start": "00:13:18", "end": "00:13:23", "text": "Coinbase wouldn't"}, {"start": "00:13:20", "end": "00:13:26", "text": "be creating a brand new coin and putting"}, {"start": "00:13:23", "end": "00:13:28", "text": "it on two other chains if there wasn't"}, {"start": "00:13:26", "end": "00:13:30", "text": "something there. The public is not"}, {"start": "00:13:28", "end": "00:13:32", "text": "asking for this. the everyday normal"}, {"start": "00:13:30", "end": "00:13:35", "text": "people most probably don't even know"}, {"start": "00:13:32", "end": "00:13:37", "text": "that Litecoin is a coin. So, this"}, {"start": "00:13:35", "end": "00:13:38", "text": "happens when institutions start throwing"}, {"start": "00:13:37", "end": "00:13:40", "text": "money into the space and then the"}, {"start": "00:13:38", "end": "00:13:44", "text": "company goes, \"Okay, cool. Let's move in"}, {"start": "00:13:40", "end": "00:13:46", "text": "that direction.\" But yeah, uh Litecoin"}, {"start": "00:13:44", "end": "00:13:47", "text": "is in the news. I'm certain none of you"}, {"start": "00:13:46", "end": "00:13:50", "text": "were expecting that because I wasn't"}, {"start": "00:13:47", "end": "00:13:54", "text": "either. Um let's see what happens with"}, {"start": "00:13:50", "end": "00:13:59", "text": "it. also Litecoin ETF supre who who who"}, {"start": "00:13:54", "end": "00:14:02", "text": "could have canon but um sure we'll see"}, {"start": "00:13:59", "end": "00:14:04", "text": "what happens in the I give it two years"}, {"start": "00:14:02", "end": "00:14:08", "text": "like let's be realistic if if we if you"}, {"start": "00:14:04", "end": "00:14:10", "text": "and I are discussing"}, {"start": "00:14:08", "end": "00:14:14", "text": "in three and a half years three years we"}, {"start": "00:14:10", "end": "00:14:16", "text": "have a $500,000 Bitcoin at that point"}, {"start": "00:14:14", "end": "00:14:19", "text": "Litecoin should"}, {"start": "00:14:16", "end": "00:14:23", "text": "be 2 three four 5000"}, {"start": "00:14:19", "end": "00:14:27", "text": "So, let's see. Um,"}, {"start": "00:14:23", "end": "00:14:27", "text": "let's see if something happens."}, {"start": "00:14:27", "end": "00:14:35", "text": "Also, in popular news,"}, {"start": "00:14:31", "end": "00:14:37", "text": "Deote is a what's the term?"}, {"start": "00:14:35", "end": "00:14:38", "text": "Oh gosh. Like they they give advice I"}, {"start": "00:14:37", "end": "00:14:41", "text": "can't remember what what what the word"}, {"start": "00:14:38", "end": "00:14:46", "text": "is uh to other companies and to"}, {"start": "00:14:41", "end": "00:14:48", "text": "governments. and Deote recently uh"}, {"start": "00:14:46", "end": "00:14:51", "text": "announced"}, {"start": "00:14:48", "end": "00:14:55", "text": "that it would appear"}, {"start": "00:14:51", "end": "00:14:57", "text": "that banks within the United States"}, {"start": "00:14:55", "end": "00:14:59", "text": "have their eyes on"}, {"start": "00:14:57", "end": "00:15:04", "text": "XRP,"}, {"start": "00:14:59", "end": "00:15:06", "text": "Stellar Lumens, and Hideera, HAR."}, {"start": "00:15:04", "end": "00:15:08", "text": "The news has been for quite some time."}, {"start": "00:15:06", "end": "00:15:11", "text": "Maybe it's just in maybe it's the"}, {"start": "00:15:08", "end": "00:15:13", "text": "universe. I when I whenever I like"}, {"start": "00:15:11", "end": "00:15:16", "text": "complain about something that's when the"}, {"start": "00:15:13", "end": "00:15:20", "text": "news slowly begins to roll in. We have"}, {"start": "00:15:16", "end": "00:15:23", "text": "heard for years"}, {"start": "00:15:20", "end": "00:15:29", "text": "that in some way XRP was going to be"}, {"start": "00:15:23", "end": "00:15:33", "text": "used by banks. The issue was"}, {"start": "00:15:29", "end": "00:15:36", "text": "that the US SEC refused to give proper"}, {"start": "00:15:33", "end": "00:15:40", "text": "cryptocurrency regulation and shunned"}, {"start": "00:15:36", "end": "00:15:42", "text": "the company Ripple. So, Ripple opened up"}, {"start": "00:15:40", "end": "00:15:44", "text": "offices overseas and did what they"}, {"start": "00:15:42", "end": "00:15:47", "text": "needed to do."}, {"start": "00:15:44", "end": "00:15:50", "text": "Since the lawsuit"}, {"start": "00:15:47", "end": "00:15:51", "text": "from the SEC against Ripple ended, it's"}, {"start": "00:15:50", "end": "00:15:55", "text": "been like two or three years now, which"}, {"start": "00:15:51", "end": "00:15:58", "text": "is crazy. Since that officially ended,"}, {"start": "00:15:55", "end": "00:16:01", "text": "there were rumors that behind the"}, {"start": "00:15:58", "end": "00:16:04", "text": "scenes, dozens"}, {"start": "00:16:01", "end": "00:16:06", "text": "of banks within the United States had"}, {"start": "00:16:04", "end": "00:16:10", "text": "secretly secretly, as far as we know,"}, {"start": "00:16:06", "end": "00:16:13", "text": "secretly been looking at XRP"}, {"start": "00:16:10", "end": "00:16:15", "text": "and also secretly having discussions"}, {"start": "00:16:13", "end": "00:16:17", "text": "with the company Ripple. This is as far"}, {"start": "00:16:15", "end": "00:16:19", "text": "as we heard."}, {"start": "00:16:17", "end": "00:16:23", "text": "The one of the major plot points of the"}, {"start": "00:16:19", "end": "00:16:27", "text": "Clarity Act revolved around the idea"}, {"start": "00:16:23", "end": "00:16:31", "text": "that this would basically kick the door"}, {"start": "00:16:27", "end": "00:16:33", "text": "open for companies and institutions and"}, {"start": "00:16:31", "end": "00:16:36", "text": "banks"}, {"start": "00:16:33", "end": "00:16:37", "text": "within the United States to be able to"}, {"start": "00:16:36", "end": "00:16:40", "text": "legally"}, {"start": "00:16:37", "end": "00:16:43", "text": "use cryptocurrencies in some sort of"}, {"start": "00:16:40", "end": "00:16:45", "text": "capacity. That was like the main bulk of"}, {"start": "00:16:43", "end": "00:16:47", "text": "what the Clarity Act was supposed to"}, {"start": "00:16:45", "end": "00:16:52", "text": "have been. I didn't read all 800 pages"}, {"start": "00:16:47", "end": "00:16:55", "text": "but that was meant to be it. So as a few"}, {"start": "00:16:52", "end": "00:16:59", "text": "weeks ago we did not get the clarity act"}, {"start": "00:16:55", "end": "00:17:01", "text": "but then the next day the US SEC and the"}, {"start": "00:16:59", "end": "00:17:04", "text": "commodities futures trading commission"}, {"start": "00:17:01", "end": "00:17:08", "text": "both came forward and announced we are"}, {"start": "00:17:04", "end": "00:17:10", "text": "going to give proper crypto regulation"}, {"start": "00:17:08", "end": "00:17:13", "text": "and then they did as far as you and I"}, {"start": "00:17:10", "end": "00:17:14", "text": "heard in the news a week or so after"}, {"start": "00:17:13", "end": "00:17:16", "text": "something was drafted something was made"}, {"start": "00:17:14", "end": "00:17:18", "text": "and apparently everyone was very happy"}, {"start": "00:17:16", "end": "00:17:19", "text": "like you you might remember sometime"}, {"start": "00:17:18", "end": "00:17:21", "text": "early"}, {"start": "00:17:19", "end": "00:17:23", "text": "early September some mid midsepptember"}, {"start": "00:17:21", "end": "00:17:25", "text": "like like prices went up and everyone"}, {"start": "00:17:23", "end": "00:17:27", "text": "was like what the fudge happened. It was"}, {"start": "00:17:25", "end": "00:17:30", "text": "because the companies and organizations"}, {"start": "00:17:27", "end": "00:17:32", "text": "and banks"}, {"start": "00:17:30", "end": "00:17:34", "text": "got the regulation that they claimed"}, {"start": "00:17:32", "end": "00:17:38", "text": "that they wanted since the very"}, {"start": "00:17:34", "end": "00:17:41", "text": "beginning to be able to use crypto."}, {"start": "00:17:38", "end": "00:17:43", "text": "Deote recently had an interview where"}, {"start": "00:17:41", "end": "00:17:47", "text": "they were talking about that apparently"}, {"start": "00:17:43", "end": "00:17:50", "text": "banks are now in the United States"}, {"start": "00:17:47", "end": "00:17:54", "text": "moving to actual blockchain use because"}, {"start": "00:17:50", "end": "00:17:56", "text": "they can now legally do so."}, {"start": "00:17:54", "end": "00:18:00", "text": "I complained"}, {"start": "00:17:56", "end": "00:18:04", "text": "a couple of days ago. We keep getting"}, {"start": "00:18:00", "end": "00:18:06", "text": "fantastic news about prices and things"}, {"start": "00:18:04", "end": "00:18:09", "text": "are going to go much higher and money"}, {"start": "00:18:06", "end": "00:18:13", "text": "money dollar bills, y'all. But the fact"}, {"start": "00:18:09", "end": "00:18:16", "text": "I I I would like to know personally"}, {"start": "00:18:13", "end": "00:18:19", "text": "which US banks are actually utilizing"}, {"start": "00:18:16", "end": "00:18:23", "text": "these coins because that is going to be"}, {"start": "00:18:19", "end": "00:18:25", "text": "a a big indicator of greatness in the"}, {"start": "00:18:23", "end": "00:18:27", "text": "future."}, {"start": "00:18:25", "end": "00:18:29", "text": "I figure that they've also been keeping"}, {"start": "00:18:27", "end": "00:18:33", "text": "this hush hush simply because they also"}, {"start": "00:18:29", "end": "00:18:35", "text": "want to make the billions, but I've"}, {"start": "00:18:33", "end": "00:18:38", "text": "predicted a while ago, this is just pure"}, {"start": "00:18:35", "end": "00:18:41", "text": "logic. We're not going to be using"}, {"start": "00:18:38", "end": "00:18:43", "text": "800,000 blockchains. We're more than"}, {"start": "00:18:41", "end": "00:18:46", "text": "likely going to start out between 7 to"}, {"start": "00:18:43", "end": "00:18:52", "text": "10. More than likely seven."}, {"start": "00:18:46", "end": "00:18:56", "text": "So the idea that Deote said out loud"}, {"start": "00:18:52", "end": "00:19:00", "text": "that US banks are shifting to blockchain"}, {"start": "00:18:56", "end": "00:19:02", "text": "and they have their eyes on XRP, Stellar"}, {"start": "00:19:00", "end": "00:19:04", "text": "Lumens and Hideera."}, {"start": "00:19:02", "end": "00:19:07", "text": "I'm giving a thumbs up. You can't see"}, {"start": "00:19:04", "end": "00:19:10", "text": "it, but I'm literally giving a thumbs up"}, {"start": "00:19:07", "end": "00:19:12", "text": "because that is great news. Stellar"}, {"start": "00:19:10", "end": "00:19:17", "text": "Lumens was created by the same person"}, {"start": "00:19:12", "end": "00:19:19", "text": "who created XRP. He realized that no one"}, {"start": "00:19:17", "end": "00:19:21", "text": "actually wanted Lumens. And I say this"}, {"start": "00:19:19", "end": "00:19:24", "text": "with confidence because I've been here"}, {"start": "00:19:21", "end": "00:19:27", "text": "for the entire drama. What happened was"}, {"start": "00:19:24", "end": "00:19:31", "text": "that some at some point in like 2019"}, {"start": "00:19:27", "end": "00:19:33", "text": "2020, Stellar Lumen shifted their entire"}, {"start": "00:19:31", "end": "00:19:36", "text": "business model and became like a pseudo"}, {"start": "00:19:33", "end": "00:19:38", "text": "XRP uh to be used by banks and companies"}, {"start": "00:19:36", "end": "00:19:41", "text": "and institutions. We will help you get"}, {"start": "00:19:38", "end": "00:19:43", "text": "into blockchain that kind of thing."}, {"start": "00:19:41", "end": "00:19:45", "text": "Lumens has been popping up more and more"}, {"start": "00:19:43", "end": "00:19:48", "text": "frequently in the news and it usually is"}, {"start": "00:19:45", "end": "00:19:50", "text": "like banking related in some form or"}, {"start": "00:19:48", "end": "00:19:52", "text": "fashion. We don't get much other Lumen's"}, {"start": "00:19:50", "end": "00:19:55", "text": "news, there's no Lumens ETF news,"}, {"start": "00:19:52", "end": "00:19:58", "text": "there's no Lumens being accumulated"}, {"start": "00:19:55", "end": "00:20:02", "text": "news, it tends to be banking news. So"}, {"start": "00:19:58", "end": "00:20:06", "text": "once we do have more concrete news as to"}, {"start": "00:20:02", "end": "00:20:09", "text": "like these 13 banks are using these four"}, {"start": "00:20:06", "end": "00:20:12", "text": "coins in this capacity. That's what I"}, {"start": "00:20:09", "end": "00:20:15", "text": "think will also be a catalyst for this"}, {"start": "00:20:12", "end": "00:20:17", "text": "actual bull run. I still firmly think"}, {"start": "00:20:15", "end": "00:20:20", "text": "one of the main sparks is going to be"}, {"start": "00:20:17", "end": "00:20:24", "text": "the uh dramatically low amount of"}, {"start": "00:20:20", "end": "00:20:26", "text": "Ethereum on crypto exchanges that will"}, {"start": "00:20:24", "end": "00:20:28", "text": "push prices higher. But this will be a"}, {"start": "00:20:26", "end": "00:20:31", "text": "huge boost"}, {"start": "00:20:28", "end": "00:20:36", "text": "for the actual industry. We have heard"}, {"start": "00:20:31", "end": "00:20:36", "text": "for it's been"}, {"start": "00:20:36", "end": "00:20:41", "text": "it's been it it's been thousands of"}, {"start": "00:20:38", "end": "00:20:44", "text": "days. That is a real number. I I know"}, {"start": "00:20:41", "end": "00:20:48", "text": "it's shocking. Like legitimately like"}, {"start": "00:20:44", "end": "00:20:51", "text": "Yeah. It's been thousands of days that"}, {"start": "00:20:48", "end": "00:20:53", "text": "you and I have heard that companies,"}, {"start": "00:20:51", "end": "00:20:56", "text": "banks, and institutions are going to use"}, {"start": "00:20:53", "end": "00:20:59", "text": "these coins. Part of the promise in"}, {"start": "00:20:56", "end": "00:21:01", "text": "January and February was that we would"}, {"start": "00:20:59", "end": "00:21:04", "text": "start to hear which companies and banks"}, {"start": "00:21:01", "end": "00:21:05", "text": "and institutions were using these coins."}, {"start": "00:21:04", "end": "00:21:07", "text": "Now there shouldn't be any more"}, {"start": "00:21:05", "end": "00:21:09", "text": "barriers."}, {"start": "00:21:07", "end": "00:21:11", "text": "It's quite significant that we've heard"}, {"start": "00:21:09", "end": "00:21:13", "text": "about Black Rockck and Fidelity."}, {"start": "00:21:11", "end": "00:21:16", "text": "Understand the the strength and wealth"}, {"start": "00:21:13", "end": "00:21:20", "text": "of Morgan Stanley and Goldman Sachs"}, {"start": "00:21:16", "end": "00:21:23", "text": "openly openly being into Bitcoin and"}, {"start": "00:21:20", "end": "00:21:26", "text": "into crypto. We also got confirmation"}, {"start": "00:21:23", "end": "00:21:29", "text": "this year of Visa and Mastercard."}, {"start": "00:21:26", "end": "00:21:30", "text": "So now for me it's just kind of where"}, {"start": "00:21:29", "end": "00:21:32", "text": "does this go? Also, if we can be"}, {"start": "00:21:30", "end": "00:21:33", "text": "completely honest with ourselves, that"}, {"start": "00:21:32", "end": "00:21:35", "text": "should be enough. The cup is full. Like"}, {"start": "00:21:33", "end": "00:21:37", "text": "the cup is actually overflowing. The"}, {"start": "00:21:35", "end": "00:21:40", "text": "moment you say Black Rockck, like it's"}, {"start": "00:21:37", "end": "00:21:44", "text": "cool. Money is there. When you add in"}, {"start": "00:21:40", "end": "00:21:47", "text": "all the other names, I'm still shocked"}, {"start": "00:21:44", "end": "00:21:50", "text": "that the idea"}, {"start": "00:21:47", "end": "00:21:52", "text": "that we know for a fact"}, {"start": "00:21:50", "end": "00:21:55", "text": "Visa and Mastercard"}, {"start": "00:21:52", "end": "00:21:57", "text": "are into Bitcoin, Ethereum, Polygon, and"}, {"start": "00:21:55", "end": "00:22:01", "text": "XRP"}, {"start": "00:21:57", "end": "00:22:03", "text": "and people still are not convinced. Ah,"}, {"start": "00:22:01", "end": "00:22:05", "text": "I don't know what more people need"}, {"start": "00:22:03", "end": "00:22:08", "text": "because that that that did it for me"}, {"start": "00:22:05", "end": "00:22:10", "text": "completely. I was already convinced. And"}, {"start": "00:22:08", "end": "00:22:12", "text": "you hear the people who move money"}, {"start": "00:22:10", "end": "00:22:15", "text": "around the world, the company that owns"}, {"start": "00:22:12", "end": "00:22:19", "text": "the world is is is buying 800,000"}, {"start": "00:22:15", "end": "00:22:22", "text": "Bitcoin. Like, let's let's stop lying to"}, {"start": "00:22:19", "end": "00:22:24", "text": "ourselves. So, yeah, altcoin news"}, {"start": "00:22:22", "end": "00:22:26", "text": "popping up again. I've been telling you"}, {"start": "00:22:24", "end": "00:22:29", "text": "it's mainly been Bitcoin and XRP."}, {"start": "00:22:26", "end": "00:22:32", "text": "There's been almost nothing. So,"}, {"start": "00:22:29", "end": "00:22:35", "text": "hopefully this is now the shift. This is"}, {"start": "00:22:32", "end": "00:22:37", "text": "now the I I guess also because bull run"}, {"start": "00:22:35", "end": "00:22:40", "text": "season tends to also be like altcoin"}, {"start": "00:22:37", "end": "00:22:44", "text": "newsy kind of seasons because altcoins"}, {"start": "00:22:40", "end": "00:22:46", "text": "tend to mathematically outperform"}, {"start": "00:22:44", "end": "00:22:50", "text": "uh Bitcoin percentage-wise in their"}, {"start": "00:22:46", "end": "00:22:55", "text": "actual movements. But we'll see. That's"}, {"start": "00:22:50", "end": "00:22:57", "text": "the XRP, Stellar Lumens, and Hyera Har"}, {"start": "00:22:55", "end": "00:22:59", "text": "graph bar news."}, {"start": "00:22:57", "end": "00:23:02", "text": "Okie dokie."}, {"start": "00:22:59", "end": "00:23:04", "text": "Let's move on."}, {"start": "00:23:02", "end": "00:23:07", "text": "I'm going to need people to stop"}, {"start": "00:23:04", "end": "00:23:09", "text": "pretending like you need this news"}, {"start": "00:23:07", "end": "00:23:12", "text": "more than water."}, {"start": "00:23:09", "end": "00:23:16", "text": "Michael Sailor is back in the news. I I"}, {"start": "00:23:12", "end": "00:23:19", "text": "I'm I'm I'm not even joking."}, {"start": "00:23:16", "end": "00:23:22", "text": "People People act like if Michael Sailor"}, {"start": "00:23:19", "end": "00:23:25", "text": "doesn't buy Bitcoin, like crypto is just"}, {"start": "00:23:22", "end": "00:23:25", "text": "over."}, {"start": "00:23:25", "end": "00:23:31", "text": "It says, and I quote, \"More orange than"}, {"start": "00:23:29", "end": "00:23:34", "text": "ever."}, {"start": "00:23:31", "end": "00:23:37", "text": "Michael Sailor stirs Micro Strategy"}, {"start": "00:23:34", "end": "00:23:39", "text": "Bitcoin by speculation."}, {"start": "00:23:37", "end": "00:23:43", "text": "Michael Sailor's latest message has"}, {"start": "00:23:39", "end": "00:23:44", "text": "renewed speculation that Micro Strategy"}, {"start": "00:23:43", "end": "00:23:47", "text": "could"}, {"start": "00:23:44", "end": "00:23:49", "text": "add to its Bitcoin holdings. The"}, {"start": "00:23:47", "end": "00:23:52", "text": "company's orange dot chart accompanies"}, {"start": "00:23:49", "end": "00:23:55", "text": "the teaser following two consecutive"}, {"start": "00:23:52", "end": "00:23:59", "text": "weekly acquisitions disclosed disclosed"}, {"start": "00:23:55", "end": "00:24:02", "text": "in September. Uh, Micro Strategy used to"}, {"start": "00:23:59", "end": "00:24:04", "text": "buy Bitcoin, I believe it was once a"}, {"start": "00:24:02", "end": "00:24:06", "text": "week. I want to say once that that"}, {"start": "00:24:04", "end": "00:24:09", "text": "sounds pretty pretty correct, especially"}, {"start": "00:24:06", "end": "00:24:13", "text": "how much that they actually have now,"}, {"start": "00:24:09", "end": "00:24:15", "text": "and it was met with much fanfare. People"}, {"start": "00:24:13", "end": "00:24:18", "text": "thought it was the absolute best news"}, {"start": "00:24:15", "end": "00:24:20", "text": "kind of ever. uh Michael Sailor"}, {"start": "00:24:18", "end": "00:24:24", "text": "announced that the company would never"}, {"start": "00:24:20", "end": "00:24:26", "text": "sell Bitcoin and then they sold Bitcoin"}, {"start": "00:24:24", "end": "00:24:29", "text": "and then he came forward and was like,"}, {"start": "00:24:26", "end": "00:24:31", "text": "\"No, no, I I meant me like me, like I"}, {"start": "00:24:29", "end": "00:24:35", "text": "would never sell it.\" And we also"}, {"start": "00:24:31", "end": "00:24:36", "text": "Anyway, so everything this man said, uh,"}, {"start": "00:24:35", "end": "00:24:39", "text": "you can literally Google and I showed"}, {"start": "00:24:36", "end": "00:24:41", "text": "you in videos when he said the thing"}, {"start": "00:24:39", "end": "00:24:44", "text": "that he then contradicted, but it's like"}, {"start": "00:24:41", "end": "00:24:46", "text": "we get it. Like it's no need to lie to"}, {"start": "00:24:44", "end": "00:24:49", "text": "us. It's like it's to like sure fine."}, {"start": "00:24:46", "end": "00:24:52", "text": "The company uh was in a a heap of"}, {"start": "00:24:49", "end": "00:24:53", "text": "monetary trouble. So they announced uh"}, {"start": "00:24:52", "end": "00:24:56", "text": "that they would basically be selling"}, {"start": "00:24:53", "end": "00:24:57", "text": "some Bitcoin. They sold a I think was a"}, {"start": "00:24:56", "end": "00:24:59", "text": "couple thousand Bitcoin, couple hundred,"}, {"start": "00:24:57", "end": "00:25:02", "text": "I don't remember. But I mean people were"}, {"start": "00:24:59", "end": "00:25:05", "text": "weeping in the streets. People were so"}, {"start": "00:25:02", "end": "00:25:09", "text": "saddened by this gargantuan"}, {"start": "00:25:05", "end": "00:25:13", "text": "multi-billion dollar company selling off"}, {"start": "00:25:09", "end": "00:25:15", "text": "a fraction of their 840,000"}, {"start": "00:25:13", "end": "00:25:16", "text": "Bitcoin that the world just seemingly"}, {"start": "00:25:15", "end": "00:25:20", "text": "never recovered. This sounds like I'm"}, {"start": "00:25:16", "end": "00:25:23", "text": "joking, but this is what it was like."}, {"start": "00:25:20", "end": "00:25:26", "text": "So over multiple months, Micro Strategy"}, {"start": "00:25:23", "end": "00:25:28", "text": "did not buy Bitcoin and people were"}, {"start": "00:25:26", "end": "00:25:31", "text": "distraught."}, {"start": "00:25:28", "end": "00:25:33", "text": "You can find news from summertime where"}, {"start": "00:25:31", "end": "00:25:35", "text": "people were legitimately like I I I"}, {"start": "00:25:33", "end": "00:25:37", "text": "don't I don't I don't understand what's"}, {"start": "00:25:35", "end": "00:25:39", "text": "going on. Like why are why are they not"}, {"start": "00:25:37", "end": "00:25:42", "text": "buying it's like they don't you you"}, {"start": "00:25:39", "end": "00:25:44", "text": "should be buying the Bitcoin's not"}, {"start": "00:25:42", "end": "00:25:46", "text": "Bitcoin's not for them."}, {"start": "00:25:44", "end": "00:25:48", "text": "Then Micro Strategy did the unthinkable"}, {"start": "00:25:46", "end": "00:25:51", "text": "and they purchased some Bitcoin I think"}, {"start": "00:25:48", "end": "00:25:57", "text": "at the end of August and I mean it was"}, {"start": "00:25:51", "end": "00:26:00", "text": "like 15 million and people like tears"}, {"start": "00:25:57", "end": "00:26:02", "text": "flowing down their face onto their necks"}, {"start": "00:26:00", "end": "00:26:04", "text": "like it was just really crazy. So during"}, {"start": "00:26:02", "end": "00:26:07", "text": "September, Micro Strategy did like two"}, {"start": "00:26:04", "end": "00:26:11", "text": "smaller purchases. And I have to"}, {"start": "00:26:07", "end": "00:26:14", "text": "gigantic air quote smaller relative to"}, {"start": "00:26:11", "end": "00:26:17", "text": "what they used to do. Micro Strategy"}, {"start": "00:26:14", "end": "00:26:19", "text": "used to purchase like $1.3 billion worth"}, {"start": "00:26:17", "end": "00:26:23", "text": "of Bitcoin like in a week, but this time"}, {"start": "00:26:19", "end": "00:26:26", "text": "it was like 89 million, 122 million."}, {"start": "00:26:23", "end": "00:26:28", "text": "still huge amounts."}, {"start": "00:26:26", "end": "00:26:31", "text": "But"}, {"start": "00:26:28", "end": "00:26:33", "text": "people believe"}, {"start": "00:26:31", "end": "00:26:37", "text": "believe that Micro Strategies purchases"}, {"start": "00:26:33", "end": "00:26:40", "text": "help to fuel Bitcoin's rise in price."}, {"start": "00:26:37", "end": "00:26:43", "text": "And as people are used to putting all"}, {"start": "00:26:40", "end": "00:26:47", "text": "their weight on one thing in the market,"}, {"start": "00:26:43", "end": "00:26:49", "text": "it has to be ETFs. It has to be ICOs. It"}, {"start": "00:26:47", "end": "00:26:52", "text": "has to be like this, you know, Clarity"}, {"start": "00:26:49", "end": "00:26:55", "text": "Act. It has to be one thing. Um they"}, {"start": "00:26:52", "end": "00:26:58", "text": "also do the same exact thing for uh"}, {"start": "00:26:55", "end": "00:27:00", "text": "Micro Strategy. So in the next couple of"}, {"start": "00:26:58", "end": "00:27:02", "text": "days, you and I will more than likely"}, {"start": "00:27:00", "end": "00:27:05", "text": "hear that this company purchased even"}, {"start": "00:27:02", "end": "00:27:08", "text": "more Bitcoin uh taking Bitcoin away from"}, {"start": "00:27:05", "end": "00:27:10", "text": "the citizens of the planet uh who would"}, {"start": "00:27:08", "end": "00:27:13", "text": "benefit more from it. But uh that's what"}, {"start": "00:27:10", "end": "00:27:15", "text": "people want. Again, do not remember. Do"}, {"start": "00:27:13", "end": "00:27:16", "text": "not remember. [clears throat]"}, {"start": "00:27:15", "end": "00:27:19", "text": "[laughter]"}, {"start": "00:27:16", "end": "00:27:21", "text": "Don't forget and please remember how"}, {"start": "00:27:19", "end": "00:27:24", "text": "early you are in this market and that"}, {"start": "00:27:21", "end": "00:27:26", "text": "crypto is for you. As much as you might"}, {"start": "00:27:24", "end": "00:27:28", "text": "love billionaires, uh they don't think"}, {"start": "00:27:26", "end": "00:27:30", "text": "about us. Not once. There's not one"}, {"start": "00:27:28", "end": "00:27:33", "text": "billionaire right now uh laying on their"}, {"start": "00:27:30", "end": "00:27:35", "text": "private island who's like, \"hm,"}, {"start": "00:27:33", "end": "00:27:38", "text": "I wonder what normal people are doing."}, {"start": "00:27:35", "end": "00:27:40", "text": "Crypto is for you. Crypto is for us. It"}, {"start": "00:27:38", "end": "00:27:41", "text": "is to be accumulated by the masses so"}, {"start": "00:27:40", "end": "00:27:46", "text": "that we can get away from the old system"}, {"start": "00:27:41", "end": "00:27:49", "text": "which is currently rapidly accu uh uh um"}, {"start": "00:27:46", "end": "00:27:52", "text": "integrating with the cryptocurrency"}, {"start": "00:27:49", "end": "00:27:55", "text": "market which I still find a bit weird."}, {"start": "00:27:52", "end": "00:27:57", "text": "Anyway, that's the micro strategies"}, {"start": "00:27:55", "end": "00:28:01", "text": "probably more than likely going to buy"}, {"start": "00:27:57", "end": "00:28:04", "text": "some BTC very soon."}, {"start": "00:28:01", "end": "00:28:05", "text": "Fantastic."}, {"start": "00:28:04", "end": "00:28:08", "text": "Also, [clears throat]"}, {"start": "00:28:05", "end": "00:28:11", "text": "I saw this in the news and I don't know."}, {"start": "00:28:08", "end": "00:28:13", "text": "Well, I know it's not a joke, but it"}, {"start": "00:28:11", "end": "00:28:18", "text": "should be. For those of you not looking"}, {"start": "00:28:13", "end": "00:28:21", "text": "at the screen, the founder of a AV"}, {"start": "00:28:18", "end": "00:28:24", "text": "has warned that the European Union's"}, {"start": "00:28:21", "end": "00:28:28", "text": "cryptocurrency regulations called Micah"}, {"start": "00:28:24", "end": "00:28:31", "text": "could restrict defy access."}, {"start": "00:28:28", "end": "00:28:34", "text": "A founder Stani Kulichov"}, {"start": "00:28:31", "end": "00:28:37", "text": "is criticizing proposals from European"}, {"start": "00:28:34", "end": "00:28:39", "text": "regulators that could extend"}, {"start": "00:28:37", "end": "00:28:42", "text": "restrictions on stable coin yield and"}, {"start": "00:28:39", "end": "00:28:46", "text": "place new controls around access to"}, {"start": "00:28:42", "end": "00:28:49", "text": "DeFi. Let me let you understand what is"}, {"start": "00:28:46", "end": "00:28:51", "text": "happening in its entirety. The European"}, {"start": "00:28:49", "end": "00:28:54", "text": "Union such as many other places they"}, {"start": "00:28:51", "end": "00:28:56", "text": "have cryptocurrency regulations. A lot"}, {"start": "00:28:54", "end": "00:28:58", "text": "of people don't know how the banking"}, {"start": "00:28:56", "end": "00:29:02", "text": "system works, especially"}, {"start": "00:28:58", "end": "00:29:04", "text": "within the United States of America. The"}, {"start": "00:29:02", "end": "00:29:07", "text": "way that it works is that banks are not"}, {"start": "00:29:04", "end": "00:29:09", "text": "required. Banks are NOT"}, {"start": "00:29:07", "end": "00:29:11", "text": "required"}, {"start": "00:29:09", "end": "00:29:13", "text": "to actually hold the money that they"}, {"start": "00:29:11", "end": "00:29:15", "text": "tell you that they're holding. You might"}, {"start": "00:29:13", "end": "00:29:18", "text": "remember once again uh the little time"}, {"start": "00:29:15", "end": "00:29:21", "text": "period of 2008 2009 when tons of people"}, {"start": "00:29:18", "end": "00:29:23", "text": "were standing in line or banging on the"}, {"start": "00:29:21", "end": "00:29:26", "text": "walls uh of their banks trying to get"}, {"start": "00:29:23", "end": "00:29:29", "text": "their money and people uh specifically"}, {"start": "00:29:26", "end": "00:29:32", "text": "two people came out um holding large"}, {"start": "00:29:29", "end": "00:29:34", "text": "pieces of metal in their hands that had"}, {"start": "00:29:32", "end": "00:29:36", "text": "smaller pieces of metals uh that usually"}, {"start": "00:29:34", "end": "00:29:38", "text": "act as projectiles"}, {"start": "00:29:36", "end": "00:29:41", "text": "uh to scare those people away. Do you"}, {"start": "00:29:38", "end": "00:29:43", "text": "know why that happened? It's because"}, {"start": "00:29:41", "end": "00:29:46", "text": "people wanted their money. A but also"}, {"start": "00:29:43", "end": "00:29:48", "text": "the bank didn't have the money. Banks"}, {"start": "00:29:46", "end": "00:29:50", "text": "are not required in many places around"}, {"start": "00:29:48", "end": "00:29:52", "text": "the world and especially within the"}, {"start": "00:29:50", "end": "00:29:55", "text": "United States to hold all the money and"}, {"start": "00:29:52", "end": "00:29:57", "text": "assets that they claim that they have"}, {"start": "00:29:55", "end": "00:29:59", "text": "cuz they're not expecting bank runs."}, {"start": "00:29:57", "end": "00:30:01", "text": "They're not expecting people to go all"}, {"start": "00:29:59", "end": "00:30:03", "text": "at the exact same time. They're used to"}, {"start": "00:30:01", "end": "00:30:05", "text": "you tapping your card, swiping your"}, {"start": "00:30:03", "end": "00:30:08", "text": "card. You're using digital money. You're"}, {"start": "00:30:05", "end": "00:30:10", "text": "using credit. Most people don't use many"}, {"start": "00:30:08", "end": "00:30:12", "text": "people don't use cash anymore. That's"}, {"start": "00:30:10", "end": "00:30:14", "text": "kind of the basic idea within the"}, {"start": "00:30:12", "end": "00:30:15", "text": "European Union. I looked it up. Like I I"}, {"start": "00:30:14", "end": "00:30:18", "text": "literally was like, \"What is this"}, {"start": "00:30:15", "end": "00:30:20", "text": "talking about?\" The European Union seems"}, {"start": "00:30:18", "end": "00:30:23", "text": "pretty okay,"}, {"start": "00:30:20", "end": "00:30:25", "text": "not too keen, but pretty okay with the"}, {"start": "00:30:23", "end": "00:30:28", "text": "idea of like crypto being within their"}, {"start": "00:30:25", "end": "00:30:31", "text": "borders with a few exceptions. They"}, {"start": "00:30:28", "end": "00:30:34", "text": "understand that if"}, {"start": "00:30:31", "end": "00:30:37", "text": "stable coins begin to roll out as they"}, {"start": "00:30:34", "end": "00:30:40", "text": "are around the world, people are going"}, {"start": "00:30:37", "end": "00:30:43", "text": "to choose them over the euro. completely"}, {"start": "00:30:40", "end": "00:30:45", "text": "logical if your bank is giving you 1% of"}, {"start": "00:30:43", "end": "00:30:49", "text": "of a return for the money in your bank"}, {"start": "00:30:45", "end": "00:30:52", "text": "account and once again if Facebook coin"}, {"start": "00:30:49", "end": "00:30:54", "text": "announces you get a 5% return people"}, {"start": "00:30:52", "end": "00:30:57", "text": "will definitely swap out their euros for"}, {"start": "00:30:54", "end": "00:30:59", "text": "for Facebook coin it's completely"}, {"start": "00:30:57", "end": "00:31:01", "text": "logical and the European Union and the"}, {"start": "00:30:59", "end": "00:31:04", "text": "international monetary fund do not want"}, {"start": "00:31:01", "end": "00:31:07", "text": "that the secondary part when it comes to"}, {"start": "00:31:04", "end": "00:31:08", "text": "like placing new controls around access"}, {"start": "00:31:07", "end": "00:31:11", "text": "and all these other things and"}, {"start": "00:31:08", "end": "00:31:12", "text": "criticizing proposals. [laughter]"}, {"start": "00:31:11", "end": "00:31:16", "text": "One of the things that the European"}, {"start": "00:31:12", "end": "00:31:19", "text": "Union is trying to make sure happens"}, {"start": "00:31:16", "end": "00:31:21", "text": "is that any company who is going to be"}, {"start": "00:31:19", "end": "00:31:24", "text": "launching or releasing stable coins"}, {"start": "00:31:21", "end": "00:31:26", "text": "within European territory that that"}, {"start": "00:31:24", "end": "00:31:29", "text": "stable coin company has to have all the"}, {"start": "00:31:26", "end": "00:31:31", "text": "money that they say that they have."}, {"start": "00:31:29", "end": "00:31:34", "text": "So if you're launching a stable coin and"}, {"start": "00:31:31", "end": "00:31:37", "text": "you say we have 800"}, {"start": "00:31:34", "end": "00:31:40", "text": "billion"}, {"start": "00:31:37", "end": "00:31:43", "text": "mega coins,"}, {"start": "00:31:40", "end": "00:31:46", "text": "they want you to actually have 800"}, {"start": "00:31:43", "end": "00:31:48", "text": "million euros to actually back up those"}, {"start": "00:31:46", "end": "00:31:50", "text": "coins. The problem is because of"}, {"start": "00:31:48", "end": "00:31:52", "text": "rehypothecation and a number of other"}, {"start": "00:31:50", "end": "00:31:55", "text": "things with these companies who are"}, {"start": "00:31:52", "end": "00:31:58", "text": "launching stable coins who have uh"}, {"start": "00:31:55", "end": "00:32:01", "text": "banking um"}, {"start": "00:31:58", "end": "00:32:04", "text": "banking certificates. They don't have to"}, {"start": "00:32:01", "end": "00:32:06", "text": "follow a lot of those rules. So uh"}, {"start": "00:32:04", "end": "00:32:07", "text": "basically this guy this was everywhere."}, {"start": "00:32:06", "end": "00:32:09", "text": "People were like I can't believe it. Of"}, {"start": "00:32:07", "end": "00:32:12", "text": "course it's Europe. And I'm like sit the"}, {"start": "00:32:09", "end": "00:32:14", "text": "fudge down. Europe is trying to make"}, {"start": "00:32:12", "end": "00:32:16", "text": "sure that if you launch these products"}, {"start": "00:32:14", "end": "00:32:18", "text": "that you have the money to be able to"}, {"start": "00:32:16", "end": "00:32:20", "text": "back them. That was that was remember"}, {"start": "00:32:18", "end": "00:32:22", "text": "years ago that was a huge topic of"}, {"start": "00:32:20", "end": "00:32:24", "text": "discussion when it came to a proof of"}, {"start": "00:32:22", "end": "00:32:26", "text": "reserves. For those of you who don't"}, {"start": "00:32:24", "end": "00:32:27", "text": "know what proof of reserves are, it's"}, {"start": "00:32:26", "end": "00:32:29", "text": "because no one talks about it anymore."}, {"start": "00:32:27", "end": "00:32:30", "text": "Years ago, there were a number of"}, {"start": "00:32:29", "end": "00:32:32", "text": "cryptocurrency exchanges who said that"}, {"start": "00:32:30", "end": "00:32:34", "text": "they had monies and then they collapsed"}, {"start": "00:32:32", "end": "00:32:36", "text": "and then they didn't have the monies."}, {"start": "00:32:34", "end": "00:32:39", "text": "When the entire thing with FTX happened,"}, {"start": "00:32:36", "end": "00:32:42", "text": "one of the big plot holes, plot points,"}, {"start": "00:32:39", "end": "00:32:44", "text": "was that apparently FTX did not have the"}, {"start": "00:32:42", "end": "00:32:46", "text": "money that they said that they had. I"}, {"start": "00:32:44", "end": "00:32:48", "text": "told you that they had the money and"}, {"start": "00:32:46", "end": "00:32:50", "text": "then they actually did end up having it"}, {"start": "00:32:48", "end": "00:32:51", "text": "because after all the lawsuits happened,"}, {"start": "00:32:50", "end": "00:32:54", "text": "the lawyer came forward and he's like,"}, {"start": "00:32:51", "end": "00:32:56", "text": "\"Yeah, we have 103%"}, {"start": "00:32:54", "end": "00:32:58", "text": "of all the assets.\" That's when every"}, {"start": "00:32:56", "end": "00:33:00", "text": "other crypto exchange began to come"}, {"start": "00:32:58", "end": "00:33:02", "text": "forward and say, you know, po proof"}, {"start": "00:33:00", "end": "00:33:04", "text": "proof of reserves, proof of proof of"}, {"start": "00:33:02", "end": "00:33:09", "text": "reserves. I think only Binance still"}, {"start": "00:33:04", "end": "00:33:11", "text": "does it. Um, and basically what it is is"}, {"start": "00:33:09", "end": "00:33:14", "text": "that if"}, {"start": "00:33:11", "end": "00:33:16", "text": "Binance should one day potentially"}, {"start": "00:33:14", "end": "00:33:18", "text": "collapse and and you know, poof,"}, {"start": "00:33:16", "end": "00:33:21", "text": "something goes wrong with the system,"}, {"start": "00:33:18", "end": "00:33:25", "text": "Binance has enough in reserve to be able"}, {"start": "00:33:21", "end": "00:33:27", "text": "to still pay you back your money. That's"}, {"start": "00:33:25", "end": "00:33:29", "text": "what it stands for. So a lot of the"}, {"start": "00:33:27", "end": "00:33:31", "text": "Micah things I was looking through it"}, {"start": "00:33:29", "end": "00:33:33", "text": "just have to do with like you can do"}, {"start": "00:33:31", "end": "00:33:35", "text": "business here but don't try and take"}, {"start": "00:33:33", "end": "00:33:37", "text": "over the euro which is what many of the"}, {"start": "00:33:35", "end": "00:33:39", "text": "companies want like these companies want"}, {"start": "00:33:37", "end": "00:33:41", "text": "to completely usurp fiat currencies."}, {"start": "00:33:39", "end": "00:33:43", "text": "Fair enough. Uh the secondary part is"}, {"start": "00:33:41", "end": "00:33:46", "text": "that like just you know also can you"}, {"start": "00:33:43", "end": "00:33:48", "text": "just have the money"}, {"start": "00:33:46", "end": "00:33:51", "text": "because we don't know you. So if you"}, {"start": "00:33:48", "end": "00:33:53", "text": "collapse if your business disappears we"}, {"start": "00:33:51", "end": "00:33:56", "text": "want to make sure that people in Europe"}, {"start": "00:33:53", "end": "00:33:58", "text": "get their money back."}, {"start": "00:33:56", "end": "00:34:00", "text": "That's what the issue was. I'm not even"}, {"start": "00:33:58", "end": "00:34:02", "text": "joking. You can Google and and look"}, {"start": "00:34:00", "end": "00:34:04", "text": "around. [laughter]"}, {"start": "00:34:02", "end": "00:34:08", "text": "A lot of times, like I said, you think"}, {"start": "00:34:04", "end": "00:34:10", "text": "it's a joke and then I'm like,"}, {"start": "00:34:08", "end": "00:34:13", "text": "many people are used to existing in a"}, {"start": "00:34:10", "end": "00:34:16", "text": "financial system where there aren't many"}, {"start": "00:34:13", "end": "00:34:19", "text": "um rules and regulations and safeguards."}, {"start": "00:34:16", "end": "00:34:21", "text": "This is how 2008 2009 can actually"}, {"start": "00:34:19", "end": "00:34:26", "text": "happen. So since then, even more"}, {"start": "00:34:21", "end": "00:34:28", "text": "deregulation has happened. And um yeah,"}, {"start": "00:34:26", "end": "00:34:31", "text": "you know, regulation's great when you"}, {"start": "00:34:28", "end": "00:34:37", "text": "lose your money and you want it back. So"}, {"start": "00:34:31", "end": "00:34:39", "text": "more of that cuz uh anywh who uh I hope"}, {"start": "00:34:37", "end": "00:34:41", "text": "you've all enjoyed [laughter]"}, {"start": "00:34:39", "end": "00:34:43", "text": "this. Like this was literally it. That"}, {"start": "00:34:41", "end": "00:34:45", "text": "was the issue."}, {"start": "00:34:43", "end": "00:34:48", "text": "A lot of the DeFi platforms also aren't"}, {"start": "00:34:45", "end": "00:34:50", "text": "decentralized."}, {"start": "00:34:48", "end": "00:34:51", "text": "Remember a couple years ago when all"}, {"start": "00:34:50", "end": "00:34:54", "text": "these different platforms were launching"}, {"start": "00:34:51", "end": "00:34:57", "text": "on Polygon and Ethereum and then they"}, {"start": "00:34:54", "end": "00:34:58", "text": "disappeared overnight, $24 million gone,"}, {"start": "00:34:57", "end": "00:35:01", "text": "and then we found out that it was"}, {"start": "00:34:58", "end": "00:35:03", "text": "actually like it was a guy. Multiple"}, {"start": "00:35:01", "end": "00:35:05", "text": "times it was a guy or multiple guys"}, {"start": "00:35:03", "end": "00:35:07", "text": "sitting in a room like four or five"}, {"start": "00:35:05", "end": "00:35:11", "text": "people on computers like making up"}, {"start": "00:35:07", "end": "00:35:13", "text": "numbers. as that DeFi protocol filled up"}, {"start": "00:35:11", "end": "00:35:14", "text": "with money, they were they were giving"}, {"start": "00:35:13", "end": "00:35:16", "text": "people their money back, you know, like"}, {"start": "00:35:14", "end": "00:35:19", "text": "through little, you know, chunks of"}, {"start": "00:35:16", "end": "00:35:23", "text": "change, but they were offering like 22%"}, {"start": "00:35:19", "end": "00:35:26", "text": "returns. 22% doesn't exist. It's a scam."}, {"start": "00:35:23", "end": "00:35:29", "text": "Nothing can imagine the US, like if if"}, {"start": "00:35:26", "end": "00:35:31", "text": "you heard it in any other context."}, {"start": "00:35:29", "end": "00:35:34", "text": "This will give you a 22% return per"}, {"start": "00:35:31", "end": "00:35:36", "text": "year. Nothing does that for those of you"}, {"start": "00:35:34", "end": "00:35:39", "text": "who don't know. And if you say that it"}, {"start": "00:35:36", "end": "00:35:42", "text": "does, you're probably in a scam."}, {"start": "00:35:39", "end": "00:35:44", "text": "So, a lot of these things disappeared"}, {"start": "00:35:42", "end": "00:35:47", "text": "and regulators are like, \"Hey, let's"}, {"start": "00:35:44", "end": "00:35:51", "text": "make sure that doesn't happen.\""}, {"start": "00:35:47", "end": "00:35:51", "text": "Well, I hope you've all enjoyed."}, {"start": "00:35:51", "end": "00:35:53", "text": "[clears throat]"}, {"start": "00:35:51", "end": "00:35:55", "text": "Hope you all are having a great day, a"}, {"start": "00:35:53", "end": "00:35:56", "text": "great morning, a great afternoon, a"}, {"start": "00:35:55", "end": "00:35:58", "text": "great evening, wherever you are,"}, {"start": "00:35:56", "end": "00:36:01", "text": "wherever you might be. I do hope it's"}, {"start": "00:35:58", "end": "00:36:03", "text": "absolutely fantastic. Thank you all once"}, {"start": "00:36:01", "end": "00:36:06", "text": "again for watching and listening and"}, {"start": "00:36:03", "end": "00:36:10", "text": "liking and commenting and supporting and"}, {"start": "00:36:06", "end": "00:36:13", "text": "I will most certainly be talking to you"}, {"start": "00:36:10", "end": "00:36:17", "text": "all soon."}, {"start": "00:36:13", "end": "00:36:17", "text": "See you."}]

[{"end": "00:00:08", "start": "00:00:02", "text": "Hello everybody."}, {"end": "00:00:11", "start": "00:00:04", "text": "Welcome back to the channel. Welcome"}, {"end": "00:00:14", "start": "00:00:08", "text": "back for another video."}, {"end": "00:00:17", "start": "00:00:11", "text": "Hope you're all doing well. Hope you're"}, {"end": "00:00:19", "start": "00:00:14", "text": "all doing great. Hope you're all doing"}, {"end": "00:00:21", "start": "00:00:17", "text": "absolutely"}, {"end": "00:00:24", "start": "00:00:19", "text": "fantastic."}, {"end": "00:00:28", "start": "00:00:21", "text": "And that you're all having a great day."}, {"end": "00:00:32", "start": "00:00:24", "text": "Big thank you to Livio C, FT Clown,"}, {"end": "00:00:35", "start": "00:00:28", "text": "Lyle, Austin, Alexander the Greek, Gypsy"}, {"end": "00:00:37", "start": "00:00:32", "text": "Queen, Trent Jackson, Gilboa I almost"}, {"end": "00:00:42", "start": "00:00:35", "text": "poked myself in my eye."}, {"end": "00:00:45", "start": "00:00:37", "text": "Gilboa Snake, and to Finley Bass."}, {"end": "00:00:47", "start": "00:00:42", "text": "Very big thank you to my Patreon"}, {"end": "00:00:49", "start": "00:00:45", "text": "supporters. Gigantic thank you to"}, {"end": "00:00:50", "start": "00:00:47", "text": "everyone who leaves a like, who leaves a"}, {"end": "00:00:54", "start": "00:00:49", "text": "comment,"}, {"end": "00:01:00", "start": "00:00:50", "text": "who uh subscribes to the channel. Brand"}, {"end": "00:01:03", "start": "00:00:54", "text": "new video every single gosh darn day."}, {"end": "00:01:06", "start": "00:01:00", "text": "And yeah, without any further ado,"}, {"end": "00:01:08", "start": "00:01:03", "text": "let's jump right into it."}, {"end": "00:01:10", "start": "00:01:06", "text": "How's everyone doing?"}, {"end": "00:01:12", "start": "00:01:08", "text": "What's new? What have you been up to?"}, {"end": "00:01:16", "start": "00:01:10", "text": "What have you uh been investing in? What"}, {"end": "00:01:20", "start": "00:01:12", "text": "have your last couple of days been like?"}, {"end": "00:01:23", "start": "00:01:16", "text": "If you have for some reason"}, {"end": "00:01:25", "start": "00:01:20", "text": "uh missed the last couple of weeks worth"}, {"end": "00:01:29", "start": "00:01:23", "text": "of videos,"}, {"end": "00:01:31", "start": "00:01:25", "text": "uh there is a It's not even a sentiment."}, {"end": "00:01:34", "start": "00:01:29", "text": "It just It just seems to be the way that"}, {"end": "00:01:39", "start": "00:01:31", "text": "things are."}, {"end": "00:01:42", "start": "00:01:34", "text": "We are being told every single"}, {"end": "00:01:44", "start": "00:01:39", "text": "gosh darn day"}, {"end": "00:01:46", "start": "00:01:42", "text": "that the cryptocurrency market is not"}, {"end": "00:01:48", "start": "00:01:44", "text": "only going higher,"}, {"end": "00:01:52", "start": "00:01:46", "text": "it's going to go"}, {"end": "00:01:58", "start": "00:01:48", "text": "exponentially towards Saturn."}, {"end": "00:02:00", "start": "00:01:52", "text": "There is a belief, an idea, that"}, {"end": "00:02:01", "start": "00:01:58", "text": "f- and and I and I say this in no"}, {"end": "00:02:04", "start": "00:02:00", "text": "uncertain terms that"}, {"end": "00:02:06", "start": "00:02:01", "text": "that from here on out uh prices are only"}, {"end": "00:02:08", "start": "00:02:04", "text": "going to moon,"}, {"end": "00:02:11", "start": "00:02:06", "text": "if you will."}, {"end": "00:02:14", "start": "00:02:08", "text": "Uh this has to do currently"}, {"end": "00:02:16", "start": "00:02:11", "text": "with the idea of"}, {"end": "00:02:19", "start": "00:02:14", "text": "interest rates rising,"}, {"end": "00:02:22", "start": "00:02:16", "text": "economies looking like they're buckling."}, {"end": "00:02:24", "start": "00:02:19", "text": "We have heard a few times that it would"}, {"end": "00:02:26", "start": "00:02:22", "text": "appear that a lot of people are"}, {"end": "00:02:29", "start": "00:02:24", "text": "beginning to scramble."}, {"end": "00:02:31", "start": "00:02:26", "text": "And their scrambling is causing them to"}, {"end": "00:02:33", "start": "00:02:29", "text": "run headfirst into the cryptocurrency"}, {"end": "00:02:34", "start": "00:02:31", "text": "market."}, {"end": "00:02:36", "start": "00:02:33", "text": "This has to do"}, {"end": "00:02:39", "start": "00:02:34", "text": "with debt levels, interest rates"}, {"end": "00:02:42", "start": "00:02:36", "text": "potentially rising even further, the US"}, {"end": "00:02:46", "start": "00:02:39", "text": "dollar continuing to weaken from its"}, {"end": "00:02:49", "start": "00:02:42", "text": "former glory at some point in the 1970s."}, {"end": "00:02:51", "start": "00:02:46", "text": "This has to do with the idea of"}, {"end": "00:02:55", "start": "00:02:49", "text": "tokenization,"}, {"end": "00:02:58", "start": "00:02:51", "text": "and stable coins taking the forefront of"}, {"end": "00:03:02", "start": "00:02:55", "text": "the cryptocurrency market. We're getting"}, {"end": "00:03:05", "start": "00:02:58", "text": "a lot of I mean every now and again,"}, {"end": "00:03:08", "start": "00:03:02", "text": "a lot of AI's not looking too hot news,"}, {"end": "00:03:10", "start": "00:03:05", "text": "whatever that might mean at this point."}, {"end": "00:03:12", "start": "00:03:08", "text": "It was predicted a few months ago that"}, {"end": "00:03:16", "start": "00:03:10", "text": "we would kind of see the downfall or"}, {"end": "00:03:18", "start": "00:03:12", "text": "beginning stages of downfall for AI."}, {"end": "00:03:20", "start": "00:03:16", "text": "It currently hasn't dramatically"}, {"end": "00:03:22", "start": "00:03:18", "text": "transpired."}, {"end": "00:03:24", "start": "00:03:20", "text": "Uh same with many other things. I was"}, {"end": "00:03:26", "start": "00:03:22", "text": "telling you before the"}, {"end": "00:03:27", "start": "00:03:24", "text": "I don't want to use the word power of,"}, {"end": "00:03:30", "start": "00:03:26", "text": "but"}, {"end": "00:03:32", "start": "00:03:27", "text": "the meaning behind wealth consolidation"}, {"end": "00:03:35", "start": "00:03:30", "text": "that we've been seeing around the world"}, {"end": "00:03:37", "start": "00:03:32", "text": "for a while, it means that potentially"}, {"end": "00:03:42", "start": "00:03:35", "text": "in times of crises,"}, {"end": "00:03:44", "start": "00:03:37", "text": "we could not see markets dragged down as"}, {"end": "00:03:49", "start": "00:03:42", "text": "much as people think."}, {"end": "00:03:51", "start": "00:03:44", "text": "Because over the last 40, 50, 60 years,"}, {"end": "00:03:54", "start": "00:03:49", "text": "that is a that is a real number,"}, {"end": "00:03:57", "start": "00:03:51", "text": "we've seen the amount of"}, {"end": "00:03:59", "start": "00:03:54", "text": "assets kind of move in one generalized"}, {"end": "00:04:02", "start": "00:03:57", "text": "direction. I'm not going to go into a"}, {"end": "00:04:03", "start": "00:03:59", "text": "rant because I believe in accumulating"}, {"end": "00:04:05", "start": "00:04:02", "text": "assets."}, {"end": "00:04:07", "start": "00:04:03", "text": "And I've been trying people to get"}, {"end": "00:04:08", "start": "00:04:05", "text": "people to understand, friends and family"}, {"end": "00:04:11", "start": "00:04:07", "text": "alike,"}, {"end": "00:04:13", "start": "00:04:08", "text": "uh that you don't have to be poor. You"}, {"end": "00:04:15", "start": "00:04:11", "text": "don't have to be without. You just have"}, {"end": "00:04:19", "start": "00:04:13", "text": "to slowly accumulate any asset, and then"}, {"end": "00:04:22", "start": "00:04:15", "text": "at some point you will be better off."}, {"end": "00:04:25", "start": "00:04:19", "text": "So, this idea has been firmly planted in"}, {"end": "00:04:28", "start": "00:04:22", "text": "the minds of uh people who already had"}, {"end": "00:04:30", "start": "00:04:25", "text": "money for quite some time, and they have"}, {"end": "00:04:34", "start": "00:04:28", "text": "been buying up huge amounts of land and"}, {"end": "00:04:36", "start": "00:04:30", "text": "real estate, and uh stocks,"}, {"end": "00:04:39", "start": "00:04:34", "text": "and treasuries, and now they're doing"}, {"end": "00:04:42", "start": "00:04:36", "text": "the same for crypto. So, the idea, once"}, {"end": "00:04:43", "start": "00:04:39", "text": "again, is because they hold the bulk of"}, {"end": "00:04:46", "start": "00:04:42", "text": "it,"}, {"end": "00:04:49", "start": "00:04:43", "text": "should there be some kind of an economic"}, {"end": "00:04:51", "start": "00:04:46", "text": "scary moment, they wouldn't sell because"}, {"end": "00:04:53", "start": "00:04:49", "text": "they're holding the the majority of it."}, {"end": "00:04:56", "start": "00:04:51", "text": "They would want to continue to receive"}, {"end": "00:04:57", "start": "00:04:53", "text": "their rent and their dividends."}, {"end": "00:05:00", "start": "00:04:56", "text": "So,"}, {"end": "00:05:03", "start": "00:04:57", "text": "as you might have imagined, because the"}, {"end": "00:05:06", "start": "00:05:00", "text": "cryptocurrency market did not drop by"}, {"end": "00:05:08", "start": "00:05:03", "text": "90% in price"}, {"end": "00:05:12", "start": "00:05:06", "text": "over the course of the bear market,"}, {"end": "00:05:14", "start": "00:05:08", "text": "which apparently, according to charts,"}, {"end": "00:05:17", "start": "00:05:12", "text": "we are no longer in,"}, {"end": "00:05:19", "start": "00:05:14", "text": "everyone is now predicting much higher"}, {"end": "00:05:23", "start": "00:05:17", "text": "prices. They think that coins are going"}, {"end": "00:05:26", "start": "00:05:19", "text": "to move further up. Certain projects are"}, {"end": "00:05:28", "start": "00:05:23", "text": "going to thrive, if you will, and that"}, {"end": "00:05:31", "start": "00:05:26", "text": "this is basically the beginning point as"}, {"end": "00:05:33", "start": "00:05:28", "text": "you would It's weird to actually be here"}, {"end": "00:05:35", "start": "00:05:31", "text": "because I remember hearing about this in"}, {"end": "00:05:38", "start": "00:05:33", "text": "January, and then in February, and then"}, {"end": "00:05:40", "start": "00:05:35", "text": "in March, and then in April, and I was"}, {"end": "00:05:42", "start": "00:05:38", "text": "like, ah, that seems to be what the bulk"}, {"end": "00:05:43", "start": "00:05:40", "text": "of the news is"}, {"end": "00:05:47", "start": "00:05:42", "text": "for this year."}, {"end": "00:05:49", "start": "00:05:43", "text": "This idea that by the time we get to"}, {"end": "00:05:52", "start": "00:05:47", "text": "October, which became"}, {"end": "00:05:53", "start": "00:05:49", "text": "the the the the border."}, {"end": "00:05:55", "start": "00:05:52", "text": "By the time"}, {"end": "00:05:58", "start": "00:05:53", "text": "we get to like winter, and you know,"}, {"end": "00:06:01", "start": "00:05:55", "text": "when we get to 2027, we will be in a"}, {"end": "00:06:03", "start": "00:05:58", "text": "full-blown bull market. And this is"}, {"end": "00:06:05", "start": "00:06:01", "text": "going to cause prices to go a lot"}, {"end": "00:06:06", "start": "00:06:03", "text": "higher, and you know, here we are. Like"}, {"end": "00:06:08", "start": "00:06:05", "text": "we're at the"}, {"end": "00:06:12", "start": "00:06:06", "text": "we're at the beginning. The door has"}, {"end": "00:06:13", "start": "00:06:08", "text": "officially opened. So,"}, {"end": "00:06:14", "start": "00:06:12", "text": "for those of you not looking at the"}, {"end": "00:06:19", "start": "00:06:13", "text": "screen,"}, {"end": "00:06:20", "start": "00:06:14", "text": "it says, \"Trader who called XRP's 2024"}, {"end": "00:06:24", "start": "00:06:19", "text": "breakout"}, {"end": "00:06:29", "start": "00:06:20", "text": "tells investors to brace for, and I"}, {"end": "00:06:31", "start": "00:06:24", "text": "quote, 'a lot of green ahead.'\""}, {"end": "00:06:32", "start": "00:06:29", "text": "If you didn't see a couple"}, {"end": "00:06:34", "start": "00:06:31", "text": "day or two ago,"}, {"end": "00:06:36", "start": "00:06:32", "text": "there was an analyst who said, uh from"}, {"end": "00:06:38", "start": "00:06:34", "text": "here on out,"}, {"end": "00:06:41", "start": "00:06:36", "text": "we're going to see Bitcoin's price"}, {"end": "00:06:43", "start": "00:06:38", "text": "basically just continue to go up."}, {"end": "00:06:45", "start": "00:06:41", "text": "The amount of the the debt levels around"}, {"end": "00:06:46", "start": "00:06:43", "text": "the world We were talking about debt"}, {"end": "00:06:48", "start": "00:06:45", "text": "levels"}, {"end": "00:06:49", "start": "00:06:46", "text": "for a G7 countries, if you don't"}, {"end": "00:06:52", "start": "00:06:48", "text": "remember."}, {"end": "00:06:55", "start": "00:06:49", "text": "And uh that's also a topic of discussion"}, {"end": "00:06:58", "start": "00:06:52", "text": "right now. It's namely"}, {"end": "00:06:59", "start": "00:06:55", "text": "uh the US, France, and Japan, which are"}, {"end": "00:07:02", "start": "00:06:58", "text": "getting a lot of negative press"}, {"end": "00:07:04", "start": "00:06:59", "text": "regarding their economies, their debt"}, {"end": "00:07:06", "start": "00:07:02", "text": "levels, interest rates rising, and"}, {"end": "00:07:09", "start": "00:07:04", "text": "trying to get things under control. I I"}, {"end": "00:07:11", "start": "00:07:06", "text": "saw one, and it's it's weird how it pops"}, {"end": "00:07:15", "start": "00:07:09", "text": "up seemingly out of nowhere. The main"}, {"end": "00:07:18", "start": "00:07:11", "text": "topic of discussion for a while has just"}, {"end": "00:07:21", "start": "00:07:15", "text": "been the United States. Um Japan"}, {"end": "00:07:23", "start": "00:07:18", "text": "reentered as they keep raising their"}, {"end": "00:07:25", "start": "00:07:21", "text": "interest rates, but the one for France"}, {"end": "00:07:26", "start": "00:07:23", "text": "was talking about it as if like it's"}, {"end": "00:07:28", "start": "00:07:25", "text": "been"}, {"end": "00:07:30", "start": "00:07:26", "text": "news every single day for a number of"}, {"end": "00:07:31", "start": "00:07:28", "text": "years. They were like, \"Yeah, France"}, {"end": "00:07:33", "start": "00:07:30", "text": "can't get their debt under control, and"}, {"end": "00:07:35", "start": "00:07:31", "text": "it looks like things might begin to"}, {"end": "00:07:37", "start": "00:07:33", "text": "buckle.\" And then they showed people"}, {"end": "00:07:39", "start": "00:07:35", "text": "uh outside in the streets like holding"}, {"end": "00:07:41", "start": "00:07:37", "text": "up signs and and screaming, and I was"}, {"end": "00:07:43", "start": "00:07:39", "text": "like, \"I"}, {"end": "00:07:45", "start": "00:07:41", "text": "I don't know. I I didn't hear anything"}, {"end": "00:07:47", "start": "00:07:43", "text": "about that.\" I I didn't hear a gosh darn"}, {"end": "00:07:48", "start": "00:07:45", "text": "thing about that."}, {"end": "00:07:50", "start": "00:07:47", "text": "So,"}, {"end": "00:07:54", "start": "00:07:48", "text": "we"}, {"end": "00:07:57", "start": "00:07:50", "text": "have been given the"}, {"end": "00:07:59", "start": "00:07:54", "text": "fortunateness, not a word, but do you"}, {"end": "00:08:00", "start": "00:07:57", "text": "under Is fortunateness? That man has a"}, {"end": "00:08:03", "start": "00:07:59", "text": "lot of fortunateness. Nope, that's"}, {"end": "00:08:06", "start": "00:08:00", "text": "definitely not a word."}, {"end": "00:08:08", "start": "00:08:03", "text": "Of hearing good news every single day in"}, {"end": "00:08:11", "start": "00:08:06", "text": "the crypto market as we've been going"}, {"end": "00:08:13", "start": "00:08:08", "text": "over. But this time is a little"}, {"end": "00:08:15", "start": "00:08:11", "text": "different"}, {"end": "00:08:19", "start": "00:08:13", "text": "because we're no longer talking about"}, {"end": "00:08:23", "start": "00:08:15", "text": "XRP's price potentially doubling."}, {"end": "00:08:26", "start": "00:08:19", "text": "We're talking about XRP's price being $7"}, {"end": "00:08:28", "start": "00:08:23", "text": "and then $14 and then $22"}, {"end": "00:08:30", "start": "00:08:26", "text": "and then potentially"}, {"end": "00:08:36", "start": "00:08:28", "text": "halting and hitting the brakes around"}, {"end": "00:08:38", "start": "00:08:30", "text": "$32 per coin in the year 2029. Why?"}, {"end": "00:08:40", "start": "00:08:36", "text": "Because that's the news that we've been"}, {"end": "00:08:45", "start": "00:08:38", "text": "given over and over."}, {"end": "00:08:48", "start": "00:08:40", "text": "We have not thus far had any thus far"}, {"end": "00:08:50", "start": "00:08:45", "text": "any kind of negative news regarding"}, {"end": "00:08:53", "start": "00:08:48", "text": "prices. We've had like news about like"}, {"end": "00:08:55", "start": "00:08:50", "text": "increased volatility, which basically"}, {"end": "00:08:56", "start": "00:08:53", "text": "means like people are moving back into"}, {"end": "00:08:58", "start": "00:08:55", "text": "the market. Like there's a lot of"}, {"end": "00:09:01", "start": "00:08:56", "text": "movements up and down, but it does not"}, {"end": "00:09:02", "start": "00:08:58", "text": "volatility is not necessarily something"}, {"end": "00:09:07", "start": "00:09:01", "text": "negative"}, {"end": "00:09:09", "start": "00:09:02", "text": "when it comes to finance. However,"}, {"end": "00:09:14", "start": "00:09:07", "text": "the amount of news recently"}, {"end": "00:09:16", "start": "00:09:09", "text": "regarding this idea of get ready, it's"}, {"end": "00:09:18", "start": "00:09:14", "text": "going to happen. Prices like it's it's"}, {"end": "00:09:19", "start": "00:09:16", "text": "been"}, {"end": "00:09:22", "start": "00:09:18", "text": "everywhere."}, {"end": "00:09:24", "start": "00:09:19", "text": "There's there's been no counter to that"}, {"end": "00:09:26", "start": "00:09:22", "text": "in any sort of Wait, wait, wait, which"}, {"end": "00:09:29", "start": "00:09:24", "text": "is quite which is quite fantastic. We"}, {"end": "00:09:34", "start": "00:09:26", "text": "recently had XRP news that apparently"}, {"end": "00:09:36", "start": "00:09:29", "text": "Ripple the company has had is was"}, {"end": "00:09:39", "start": "00:09:34", "text": "question mark working with the bank"}, {"end": "00:09:43", "start": "00:09:36", "text": "ironically working with the Bank of"}, {"end": "00:09:46", "start": "00:09:39", "text": "France uh for for the digital euro and"}, {"end": "00:09:49", "start": "00:09:43", "text": "yeah, it's just uh in in crypto, as I've"}, {"end": "00:09:52", "start": "00:09:46", "text": "said other times before, we are at the"}, {"end": "00:09:53", "start": "00:09:49", "text": "behest of the market. No matter we we're"}, {"end": "00:09:55", "start": "00:09:52", "text": "in the weirdest market in the entire"}, {"end": "00:09:57", "start": "00:09:53", "text": "world."}, {"end": "00:09:59", "start": "00:09:55", "text": "No matter how much good news we get,"}, {"end": "00:10:03", "start": "00:09:57", "text": "for some reason, there's always a"}, {"end": "00:10:07", "start": "00:09:59", "text": "waiting period for prices to mature and"}, {"end": "00:10:09", "start": "00:10:03", "text": "go higher and to kind of strengthen and"}, {"end": "00:10:11", "start": "00:10:07", "text": "I'm still perplexed as to how these"}, {"end": "00:10:15", "start": "00:10:09", "text": "people can accumulate millions of"}, {"end": "00:10:18", "start": "00:10:11", "text": "Bitcoin, take billions"}, {"end": "00:10:20", "start": "00:10:15", "text": "of XRP off of crypto exchanges and off"}, {"end": "00:10:25", "start": "00:10:18", "text": "of other platforms"}, {"end": "00:10:28", "start": "00:10:20", "text": "uh and we are still not at a $9 XRP, but"}, {"end": "00:10:31", "start": "00:10:25", "text": "as we've been going over, all the"}, {"end": "00:10:32", "start": "00:10:28", "text": "analysts are of the same mindset. There"}, {"end": "00:10:34", "start": "00:10:31", "text": "is no"}, {"end": "00:10:36", "start": "00:10:32", "text": "divergence in any sort of way. It is"}, {"end": "00:10:39", "start": "00:10:34", "text": "constantly"}, {"end": "00:10:41", "start": "00:10:36", "text": "prices go higher. That's the bulk of the"}, {"end": "00:10:44", "start": "00:10:39", "text": "news that we've been getting at least"}, {"end": "00:10:47", "start": "00:10:41", "text": "recently. And I can only assume this has"}, {"end": "00:10:50", "start": "00:10:44", "text": "to assumption, since we're no longer"}, {"end": "00:10:52", "start": "00:10:47", "text": "plagued"}, {"end": "00:10:57", "start": "00:10:50", "text": "by enormous amounts of news about the"}, {"end": "00:11:00", "start": "00:10:52", "text": "Clarity Act and the SEC and CFTC have,"}, {"end": "00:11:01", "start": "00:10:57", "text": "so we've heard, given the institutions"}, {"end": "00:11:02", "start": "00:11:00", "text": "the"}, {"end": "00:11:04", "start": "00:11:01", "text": "uh what do you call it?"}, {"end": "00:11:06", "start": "00:11:02", "text": "The rules and regulations that they"}, {"end": "00:11:08", "start": "00:11:04", "text": "desired,"}, {"end": "00:11:11", "start": "00:11:06", "text": "it seems that now everyone has come to"}, {"end": "00:11:13", "start": "00:11:08", "text": "the conclusion um check check check"}, {"end": "00:11:15", "start": "00:11:11", "text": "check check. Every box has been ticked"}, {"end": "00:11:20", "start": "00:11:13", "text": "and therefore"}, {"end": "00:11:20", "start": "00:11:15", "text": "uh we move further up ahead from here."}, {"end": "00:11:24", "start": "00:11:21", "text": "For those of you not looking at the"}, {"end": "00:11:29", "start": "00:11:22", "text": "screen,"}, {"end": "00:11:30", "start": "00:11:24", "text": "Raoul Pal says Bitcoin will outrun the"}, {"end": "00:11:34", "start": "00:11:29", "text": "Nasdaq"}, {"end": "00:11:36", "start": "00:11:30", "text": "as rates break higher."}, {"end": "00:11:39", "start": "00:11:34", "text": "Real Vision founder, his name is Raoul"}, {"end": "00:11:42", "start": "00:11:36", "text": "Pal, says Bitcoin"}, {"end": "00:11:43", "start": "00:11:39", "text": "is set to outperform the Nasdaq 100 from"}, {"end": "00:11:45", "start": "00:11:42", "text": "here."}, {"end": "00:11:48", "start": "00:11:43", "text": "Arguing that rising rates"}, {"end": "00:11:51", "start": "00:11:45", "text": "will force governments into printing the"}, {"end": "00:11:53", "start": "00:11:48", "text": "liquidity crypto feeds on."}, {"end": "00:11:56", "start": "00:11:51", "text": "There is a very"}, {"end": "00:11:58", "start": "00:11:53", "text": "common and simple idea."}, {"end": "00:11:59", "start": "00:11:56", "text": "Governments need to continuously print"}, {"end": "00:12:02", "start": "00:11:58", "text": "money."}, {"end": "00:12:04", "start": "00:11:59", "text": "It is not a It's not unorthodox. It's"}, {"end": "00:12:08", "start": "00:12:02", "text": "just the way that things are. As we do"}, {"end": "00:12:09", "start": "00:12:04", "text": "not have any kind of standard worldwide,"}, {"end": "00:12:11", "start": "00:12:08", "text": ">> [snorts]"}, {"end": "00:12:13", "start": "00:12:09", "text": ">> governments you"}, {"end": "00:12:15", "start": "00:12:11", "text": "50 years ago"}, {"end": "00:12:17", "start": "00:12:13", "text": "kind of realized that they could kind of"}, {"end": "00:12:18", "start": "00:12:15", "text": "uh print money at will."}, {"end": "00:12:21", "start": "00:12:17", "text": "Uh"}, {"end": "00:12:24", "start": "00:12:18", "text": "this also has an an effect, of course,"}, {"end": "00:12:26", "start": "00:12:21", "text": "because they're constantly devaluing the"}, {"end": "00:12:29", "start": "00:12:24", "text": "money that they are printing."}, {"end": "00:12:33", "start": "00:12:26", "text": "As we have gotten to the point where"}, {"end": "00:12:35", "start": "00:12:29", "text": "uh in the world's view, uh everyone,"}, {"end": "00:12:37", "start": "00:12:33", "text": "even, you know, normal people are"}, {"end": "00:12:40", "start": "00:12:35", "text": "discussing inflation. We went over that"}, {"end": "00:12:43", "start": "00:12:37", "text": "weeks ago cuz years ago"}, {"end": "00:12:47", "start": "00:12:40", "text": "you and I here would discuss inflation."}, {"end": "00:12:49", "start": "00:12:43", "text": "The idea is because inflation exists,"}, {"end": "00:12:51", "start": "00:12:47", "text": "you need to buy assets."}, {"end": "00:12:53", "start": "00:12:49", "text": "That's why assets are usually purchased"}, {"end": "00:12:55", "start": "00:12:51", "text": "because they typically"}, {"end": "00:12:58", "start": "00:12:53", "text": "outpace the rate of inflation. If your"}, {"end": "00:13:00", "start": "00:12:55", "text": "rate of inflation is 1 to 2%,"}, {"end": "00:13:02", "start": "00:12:58", "text": "you want to get into the stock market to"}, {"end": "00:13:05", "start": "00:13:00", "text": "you know, have assets that are rising by"}, {"end": "00:13:09", "start": "00:13:02", "text": "5 to 7% per year. If the rate of"}, {"end": "00:13:10", "start": "00:13:05", "text": "inflation is 4%, well, buddy boy, you"}, {"end": "00:13:12", "start": "00:13:09", "text": "want something that's doing about a good"}, {"end": "00:13:14", "start": "00:13:10", "text": "10 to 15%."}, {"end": "00:13:17", "start": "00:13:12", "text": "As we know that"}, {"end": "00:13:21", "start": "00:13:14", "text": "the rate of inflation is not indeed just"}, {"end": "00:13:23", "start": "00:13:17", "text": "4% because rent keeps rising by 30%"}, {"end": "00:13:25", "start": "00:13:21", "text": "year-on-year, as does the cost of"}, {"end": "00:13:28", "start": "00:13:23", "text": "petrol, and the cost of buying a car,"}, {"end": "00:13:30", "start": "00:13:25", "text": "and the cost of breathing air outside,"}, {"end": "00:13:31", "start": "00:13:28", "text": "we can only assume that the interest"}, {"end": "00:13:33", "start": "00:13:30", "text": "rates"}, {"end": "00:13:37", "start": "00:13:31", "text": "of inflation are a lot higher."}, {"end": "00:13:39", "start": "00:13:33", "text": "Therefore, what we've been seeing"}, {"end": "00:13:41", "start": "00:13:37", "text": "for a while now is a huge amount of"}, {"end": "00:13:43", "start": "00:13:39", "text": "government spending. They have printed"}, {"end": "00:13:47", "start": "00:13:41", "text": "themselves into a corner. It sounds like"}, {"end": "00:13:50", "start": "00:13:43", "text": "a joke. No, it's not. If you are 40"}, {"end": "00:13:53", "start": "00:13:47", "text": "trillion dollars in debt,"}, {"end": "00:13:55", "start": "00:13:50", "text": "if you printed 40 trillion dollars all"}, {"end": "00:13:58", "start": "00:13:53", "text": "that once, you would"}, {"end": "00:13:58", "start": "00:13:55", "text": "collapse"}, {"end": "00:14:04", "start": "00:13:58", "text": "the US dollar. The problem is that debt"}, {"end": "00:14:05", "start": "00:14:01", "text": "still has to be paid back. So, what do"}, {"end": "00:14:07", "start": "00:14:04", "text": "you do?"}, {"end": "00:14:09", "start": "00:14:05", "text": "Is you print a trillion dollars."}, {"end": "00:14:13", "start": "00:14:07", "text": "And you start paying back the people who"}, {"end": "00:14:15", "start": "00:14:09", "text": "you owe, but you've printed a trillion"}, {"end": "00:14:17", "start": "00:14:13", "text": "dollars. You have massively devalued"}, {"end": "00:14:19", "start": "00:14:15", "text": "every other dollar that was printed"}, {"end": "00:14:21", "start": "00:14:17", "text": "before. And then when you go back to the"}, {"end": "00:14:25", "start": "00:14:19", "text": "supermarket, you go, \"Why is that thing"}, {"end": "00:14:27", "start": "00:14:21", "text": "now 15% more ex- 15 cents more expensive"}, {"end": "00:14:29", "start": "00:14:25", "text": "than it was before?\""}, {"end": "00:14:32", "start": "00:14:27", "text": "Well, there's your answer. So, according"}, {"end": "00:14:34", "start": "00:14:29", "text": "to the analysts, according to the"}, {"end": "00:14:36", "start": "00:14:32", "text": "economists, we're basically at the point"}, {"end": "00:14:39", "start": "00:14:34", "text": "of no return. That's not meant to be"}, {"end": "00:14:41", "start": "00:14:36", "text": "scary. It's just realistic."}, {"end": "00:14:43", "start": "00:14:39", "text": "We're at the point where the only way to"}, {"end": "00:14:44", "start": "00:14:41", "text": "get out of this is by printing more"}, {"end": "00:14:47", "start": "00:14:43", "text": "money."}, {"end": "00:14:50", "start": "00:14:44", "text": "Because for whatever reason, governments"}, {"end": "00:14:51", "start": "00:14:47", "text": "are not"}, {"end": "00:14:54", "start": "00:14:50", "text": "going to come up with better economic"}, {"end": "00:14:55", "start": "00:14:51", "text": "policies. They're not going to hold"}, {"end": "00:14:56", "start": "00:14:54", "text": "hands. It sounds like a joke, but"}, {"end": "00:14:59", "start": "00:14:55", "text": "they're not. They're not going to hold"}, {"end": "00:15:00", "start": "00:14:56", "text": "hands and say everyone's debt level is"}, {"end": "00:15:02", "start": "00:14:59", "text": "now zero."}, {"end": "00:15:04", "start": "00:15:00", "text": "We are going back onto the gold"}, {"end": "00:15:07", "start": "00:15:02", "text": "standard. We cannot and will not print"}, {"end": "00:15:09", "start": "00:15:04", "text": "any more money. All debt is canceled."}, {"end": "00:15:10", "start": "00:15:07", "text": "Consumer financial debt, it's now at"}, {"end": "00:15:12", "start": "00:15:09", "text": "zero."}, {"end": "00:15:16", "start": "00:15:10", "text": "We're cutting up every single credit"}, {"end": "00:15:18", "start": "00:15:12", "text": "card, and let's all start over."}, {"end": "00:15:19", "start": "00:15:16", "text": "It's not a thing."}, {"end": "00:15:21", "start": "00:15:18", "text": "So,"}, {"end": "00:15:23", "start": "00:15:19", "text": "what"}, {"end": "00:15:27", "start": "00:15:21", "text": "they fear now"}, {"end": "00:15:29", "start": "00:15:23", "text": "is constantly rising interest rates. The"}, {"end": "00:15:32", "start": "00:15:27", "text": "issue is is that interest rates are used"}, {"end": "00:15:34", "start": "00:15:29", "text": "as a barrier to try and de-"}, {"end": "00:15:36", "start": "00:15:32", "text": "disincentivize people from taking out"}, {"end": "00:15:38", "start": "00:15:34", "text": "debt."}, {"end": "00:15:41", "start": "00:15:36", "text": "The issue is that the world runs on"}, {"end": "00:15:42", "start": "00:15:38", "text": "debt. Whenever you see buildings being"}, {"end": "00:15:45", "start": "00:15:41", "text": "made or like, you know, something in"}, {"end": "00:15:47", "start": "00:15:42", "text": "your town or area or city or when you"}, {"end": "00:15:50", "start": "00:15:45", "text": "hear about these mega projects, they're"}, {"end": "00:15:51", "start": "00:15:47", "text": "being built on debt. That's why if"}, {"end": "00:15:53", "start": "00:15:50", "text": "you've ever watch any kind of like a a"}, {"end": "00:15:54", "start": "00:15:51", "text": "real estate show,"}, {"end": "00:15:56", "start": "00:15:53", "text": "when these people like, \"This building,"}, {"end": "00:15:57", "start": "00:15:54", "text": "you know, took a hundred billion"}, {"end": "00:15:59", "start": "00:15:56", "text": "dollars.\" And you're like, \"Wow, look"}, {"end": "00:16:01", "start": "00:15:57", "text": "how pretty the apartments are.\" And the"}, {"end": "00:16:03", "start": "00:15:59", "text": "person's always like, \"So, did you sell"}, {"end": "00:16:05", "start": "00:16:01", "text": "the place? Did you sell it? Did you sell"}, {"end": "00:16:08", "start": "00:16:03", "text": "the It's because they are about 80"}, {"end": "00:16:09", "start": "00:16:05", "text": "billion dollars in debt."}, {"end": "00:16:11", "start": "00:16:08", "text": "And they need to recoup some of the"}, {"end": "00:16:12", "start": "00:16:09", "text": "funds to be able to pay the people"}, {"end": "00:16:17", "start": "00:16:11", "text": "there. Yeah, see, it makes sense now."}, {"end": "00:16:20", "start": "00:16:12", "text": "The to pay the The world runs on debt."}, {"end": "00:16:22", "start": "00:16:17", "text": "The Nasdaq um and many other stock"}, {"end": "00:16:25", "start": "00:16:20", "text": "exchanges around the world"}, {"end": "00:16:28", "start": "00:16:22", "text": "have done quite well uh since Corona."}, {"end": "00:16:30", "start": "00:16:25", "text": "That is not on accident."}, {"end": "00:16:32", "start": "00:16:28", "text": "That is once again"}, {"end": "00:16:34", "start": "00:16:30", "text": "because of wealth consolidation. When"}, {"end": "00:16:36", "start": "00:16:32", "text": "people are constantly buying assets,"}, {"end": "00:16:39", "start": "00:16:34", "text": "their prices go up."}, {"end": "00:16:40", "start": "00:16:36", "text": "If you own a huge amount of the assets"}, {"end": "00:16:42", "start": "00:16:39", "text": "and you and your friends continue to"}, {"end": "00:16:45", "start": "00:16:40", "text": "purchase those assets in a time of"}, {"end": "00:16:47", "start": "00:16:42", "text": "crisis or when debt levels might be"}, {"end": "00:16:49", "start": "00:16:45", "text": "rising, if you and your friends continue"}, {"end": "00:16:53", "start": "00:16:47", "text": "to buy, if you are if you have a million"}, {"end": "00:16:55", "start": "00:16:49", "text": "dollars worth of stock."}, {"end": "00:16:56", "start": "00:16:53", "text": "And you have a 5% dividend on that"}, {"end": "00:16:59", "start": "00:16:55", "text": "stock. At the end of the year, you get"}, {"end": "00:17:01", "start": "00:16:56", "text": "$50,000."}, {"end": "00:17:02", "start": "00:16:59", "text": "Let's say, whatever. And then at some"}, {"end": "00:17:04", "start": "00:17:01", "text": "point, you're like, \"You know what I"}, {"end": "00:17:06", "start": "00:17:02", "text": "want to do? I'm going to buy more stock"}, {"end": "00:17:09", "start": "00:17:04", "text": "with the dividends that I just got.\" So,"}, {"end": "00:17:10", "start": "00:17:06", "text": "you circle that money back into those"}, {"end": "00:17:13", "start": "00:17:09", "text": "stocks."}, {"end": "00:17:16", "start": "00:17:10", "text": "Now, imagine you have $100 million."}, {"end": "00:17:18", "start": "00:17:13", "text": "$5 million made from the dividends and"}, {"end": "00:17:20", "start": "00:17:16", "text": "you go, \"You know what?"}, {"end": "00:17:21", "start": "00:17:18", "text": "I'm going to roll all of that back in.\""}, {"end": "00:17:23", "start": "00:17:20", "text": "Now, imagine you and your friends each"}, {"end": "00:17:26", "start": "00:17:21", "text": "have a hundred million dollars. Imagine"}, {"end": "00:17:28", "start": "00:17:23", "text": "this happens over the course of tens of"}, {"end": "00:17:31", "start": "00:17:26", "text": "thousands of millionaires on the planet."}, {"end": "00:17:33", "start": "00:17:28", "text": "You begin to absorb and accumulate every"}, {"end": "00:17:36", "start": "00:17:31", "text": "single asset. This is what I keep"}, {"end": "00:17:37", "start": "00:17:33", "text": "telling you. I know you know."}, {"end": "00:17:39", "start": "00:17:36", "text": "But, this is what's happening with"}, {"end": "00:17:41", "start": "00:17:37", "text": "crypto. This is why we keep hearing like"}, {"end": "00:17:43", "start": "00:17:39", "text": "\"Record inflows. Oh my gosh, what's"}, {"end": "00:17:44", "start": "00:17:41", "text": "happening?\" If you haven't seen the last"}, {"end": "00:17:48", "start": "00:17:43", "text": "couple of weeks, the amount of crypto"}, {"end": "00:17:50", "start": "00:17:44", "text": "news with people being absolutely"}, {"end": "00:17:53", "start": "00:17:48", "text": "flabbergasted"}, {"end": "00:17:55", "start": "00:17:50", "text": "at the billions of dollars flowing into"}, {"end": "00:17:58", "start": "00:17:53", "text": "the crypto market. It's not random. It's"}, {"end": "00:18:00", "start": "00:17:55", "text": "happening on purpose. If they are"}, {"end": "00:18:02", "start": "00:17:58", "text": "expecting"}, {"end": "00:18:04", "start": "00:18:00", "text": "Bitcoin to go to a million, then they"}, {"end": "00:18:06", "start": "00:18:02", "text": "are expecting Bitcoin to go to a"}, {"end": "00:18:09", "start": "00:18:04", "text": "million. They're accumulating as much as"}, {"end": "00:18:13", "start": "00:18:06", "text": "humanly possible to make sure that they"}, {"end": "00:18:13", "start": "00:18:09", "text": "ride that wave upward. But,"}, {"end": "00:18:18", "start": "00:18:13", "text": "in betwixt all of this,"}, {"end": "00:18:19", "start": "00:18:16", "text": "we are hearing and I and I've shown you."}, {"end": "00:18:21", "start": "00:18:18", "text": "Like, this is this is the this is the"}, {"end": "00:18:23", "start": "00:18:19", "text": "magic of video. This is the magic of the"}, {"end": "00:18:25", "start": "00:18:21", "text": "internet."}, {"end": "00:18:28", "start": "00:18:23", "text": "I am showing you daily"}, {"end": "00:18:30", "start": "00:18:25", "text": "the news that's coming out. These people"}, {"end": "00:18:32", "start": "00:18:28", "text": "do not expect, first of all, you know"}, {"end": "00:18:35", "start": "00:18:30", "text": "what's even crazier?"}, {"end": "00:18:38", "start": "00:18:32", "text": "Ha When was the last time you heard like"}, {"end": "00:18:38", "start": "00:18:35", "text": "some kind of like catastrophic"}, {"end": "00:18:42", "start": "00:18:38", "text": "uh"}, {"end": "00:18:42", "start": "00:18:38", "text": "stock market crash news?"}, {"end": "00:18:48", "start": "00:18:43", "text": "I keep hearing that the AI bubble might"}, {"end": "00:18:51", "start": "00:18:45", "text": "burst. But, do you realize we're not"}, {"end": "00:18:54", "start": "00:18:48", "text": "hearing like recession, depression,"}, {"end": "00:18:56", "start": "00:18:51", "text": "you know, like monolithic crash news"}, {"end": "00:18:56", "start": "00:18:54", "text": "anymore?"}, {"end": "00:19:01", "start": "00:18:57", "text": "That's because of the accumulation of"}, {"end": "00:19:03", "start": "00:18:59", "text": "these assets"}, {"end": "00:19:04", "start": "00:19:01", "text": "by the people who are in the stock"}, {"end": "00:19:06", "start": "00:19:03", "text": "market."}, {"end": "00:19:10", "start": "00:19:04", "text": "That ties into"}, {"end": "00:19:12", "start": "00:19:06", "text": "why you and I keep hearing and I and I"}, {"end": "00:19:15", "start": "00:19:10", "text": "This is why you and I keep hearing that"}, {"end": "00:19:19", "start": "00:19:12", "text": "the crypto market's going to go higher."}, {"end": "00:19:22", "start": "00:19:15", "text": "I believe and understand that they're"}, {"end": "00:19:24", "start": "00:19:19", "text": "correlated in some sort of way. Remember"}, {"end": "00:19:27", "start": "00:19:22", "text": "why I keep saying like I don't"}, {"end": "00:19:29", "start": "00:19:24", "text": "care to pat the backs of billionaires,"}, {"end": "00:19:32", "start": "00:19:27", "text": "but I do listen to what happens as they"}, {"end": "00:19:34", "start": "00:19:29", "text": "speak on podiums. When you and I keep"}, {"end": "00:19:36", "start": "00:19:32", "text": "hearing that Forbes released a new"}, {"end": "00:19:37", "start": "00:19:34", "text": "article, Bloomberg released a new"}, {"end": "00:19:40", "start": "00:19:36", "text": "article,"}, {"end": "00:19:42", "start": "00:19:37", "text": "Fortune magazine released a new article,"}, {"end": "00:19:44", "start": "00:19:40", "text": "they're targeted at very wealthy people"}, {"end": "00:19:46", "start": "00:19:42", "text": "about the cryptocurrency market. Now is"}, {"end": "00:19:49", "start": "00:19:44", "text": "the time to buy. Get into crypto. Crypto"}, {"end": "00:19:50", "start": "00:19:46", "text": "market go up. That's not for normal"}, {"end": "00:19:51", "start": "00:19:49", "text": "people."}, {"end": "00:19:56", "start": "00:19:50", "text": "Even for people like"}, {"end": "00:19:58", "start": "00:19:51", "text": "Raoul Pal and Tom Lee and Novogratz and"}, {"end": "00:20:01", "start": "00:19:56", "text": "Michael Saylor, these people roll in"}, {"end": "00:20:03", "start": "00:19:58", "text": "very specific circles. So, a lot of"}, {"end": "00:20:06", "start": "00:20:01", "text": "times, this is what I think gives it"}, {"end": "00:20:09", "start": "00:20:03", "text": "weight when we hear from these people."}, {"end": "00:20:11", "start": "00:20:06", "text": "Yeah, we're currently in contact with"}, {"end": "00:20:14", "start": "00:20:09", "text": "four countries who are buying Bitcoin."}, {"end": "00:20:15", "start": "00:20:11", "text": "Actually, a lot of my friends who run"}, {"end": "00:20:17", "start": "00:20:14", "text": "banks,"}, {"end": "00:20:19", "start": "00:20:15", "text": "12 of them, they plan on buying up"}, {"end": "00:20:22", "start": "00:20:17", "text": "Ethereum. That's what I'm talking about."}, {"end": "00:20:23", "start": "00:20:19", "text": "Like, they're signaling that something"}, {"end": "00:20:25", "start": "00:20:22", "text": "is happening, but I assume because of"}, {"end": "00:20:27", "start": "00:20:23", "text": "non-disclosure agreements we can't get a"}, {"end": "00:20:29", "start": "00:20:25", "text": "normal amount of information from behind"}, {"end": "00:20:32", "start": "00:20:27", "text": "it, but"}, {"end": "00:20:34", "start": "00:20:29", "text": "it is still weird to me. Believe me, you"}, {"end": "00:20:37", "start": "00:20:32", "text": "are not the only one."}, {"end": "00:20:41", "start": "00:20:34", "text": "It is incredibly odd to me"}, {"end": "00:20:43", "start": "00:20:37", "text": "that during even the even during this"}, {"end": "00:20:46", "start": "00:20:41", "text": "was the best"}, {"end": "00:20:48", "start": "00:20:43", "text": "bear cycle that we have ever had. Do you"}, {"end": "00:20:51", "start": "00:20:46", "text": "know that?"}, {"end": "00:20:53", "start": "00:20:48", "text": "During any crypto bull run when the"}, {"end": "00:20:55", "start": "00:20:51", "text": "prices go up"}, {"end": "00:20:58", "start": "00:20:53", "text": "and then subsequently fall down,"}, {"end": "00:20:59", "start": "00:20:55", "text": "the the the down is is is usually a lot"}, {"end": "00:21:00", "start": "00:20:58", "text": "lower"}, {"end": "00:21:03", "start": "00:20:59", "text": "and it gets quite dramatic and people"}, {"end": "00:21:04", "start": "00:21:00", "text": "get pretty upset."}, {"end": "00:21:06", "start": "00:21:03", "text": "Did you realize"}, {"end": "00:21:10", "start": "00:21:04", "text": "that the charts"}, {"end": "00:21:11", "start": "00:21:06", "text": "the charts that we told were told,"}, {"end": "00:21:16", "start": "00:21:10", "text": "you know, as far as like uh you know,"}, {"end": "00:21:19", "start": "00:21:11", "text": "for 364 days, there's a bear market."}, {"end": "00:21:23", "start": "00:21:16", "text": "Prices go up for a thousand."}, {"end": "00:21:26", "start": "00:21:19", "text": "Did you realize that of those 364 days,"}, {"end": "00:21:29", "start": "00:21:23", "text": "364 of those days just had positive"}, {"end": "00:21:29", "start": "00:21:26", "text": "news?"}, {"end": "00:21:35", "start": "00:21:30", "text": "This was the best bear market we've ever"}, {"end": "00:21:37", "start": "00:21:34", "text": "had."}, {"end": "00:21:39", "start": "00:21:35", "text": "Ever."}, {"end": "00:21:42", "start": "00:21:37", "text": "Ethereum, by all logic, should have"}, {"end": "00:21:45", "start": "00:21:39", "text": "fallen to about $900,"}, {"end": "00:21:45", "start": "00:21:42", "text": "if not a little bit less."}, {"end": "00:21:52", "start": "00:21:46", "text": "So,"}, {"end": "00:21:55", "start": "00:21:47", "text": "the news continues in the direction of"}, {"end": "00:21:58", "start": "00:21:52", "text": "wealth creation."}, {"end": "00:22:00", "start": "00:21:55", "text": "As just about and I and I tried to make"}, {"end": "00:22:04", "start": "00:21:58", "text": "sure to show you as many as that are out"}, {"end": "00:22:07", "start": "00:22:00", "text": "there. I have not found I have not found"}, {"end": "00:22:09", "start": "00:22:04", "text": "one analyst, one person, one crypto"}, {"end": "00:22:10", "start": "00:22:07", "text": "something"}, {"end": "00:22:12", "start": "00:22:09", "text": "who has said,"}, {"end": "00:22:14", "start": "00:22:10", "text": "\"This is going to be a terrible bull"}, {"end": "00:22:17", "start": "00:22:12", "text": "run. This is going to be the worst bull"}, {"end": "00:22:19", "start": "00:22:14", "text": "run we've ever had. I'm I'm by you know,"}, {"end": "00:22:21", "start": "00:22:17", "text": "by 2029,"}, {"end": "00:22:24", "start": "00:22:19", "text": "if we have a $150,000"}, {"end": "00:22:27", "start": "00:22:21", "text": "Bitcoin, I'd be shocked.\""}, {"end": "00:22:30", "start": "00:22:24", "text": "Every person has some kind of a"}, {"end": "00:22:33", "start": "00:22:27", "text": "tremendously grandiose idea of where the"}, {"end": "00:22:36", "start": "00:22:30", "text": "market is going by the end of this year,"}, {"end": "00:22:38", "start": "00:22:33", "text": "over the course of 2027. We have We we"}, {"end": "00:22:41", "start": "00:22:36", "text": "barely had discussions about how much"}, {"end": "00:22:43", "start": "00:22:38", "text": "the crypto market tends to move up"}, {"end": "00:22:45", "start": "00:22:41", "text": "organically"}, {"end": "00:22:47", "start": "00:22:43", "text": "on the year of the halving. Just"}, {"end": "00:22:49", "start": "00:22:45", "text": "organically. People are anticipating"}, {"end": "00:22:51", "start": "00:22:47", "text": "like the Bitcoin supply shock."}, {"end": "00:22:53", "start": "00:22:49", "text": "Like from half of it being created."}, {"end": "00:22:57", "start": "00:22:51", "text": "2028."}, {"end": "00:22:59", "start": "00:22:53", "text": "Everything focuses on 2029 and 2030 of a"}, {"end": "00:23:00", "start": "00:22:57", "text": "half a million to a a a a a million"}, {"end": "00:23:02", "start": "00:22:59", "text": "dollar Bitcoin."}, {"end": "00:23:06", "start": "00:23:00", "text": "Do you understand what it means for"}, {"end": "00:23:09", "start": "00:23:02", "text": "Bitcoin to outpace the Nasdaq?"}, {"end": "00:23:11", "start": "00:23:06", "text": "Which has been been been been performing"}, {"end": "00:23:14", "start": "00:23:09", "text": "incredibly"}, {"end": "00:23:14", "start": "00:23:11", "text": "since Corona."}, {"end": "00:23:20", "start": "00:23:15", "text": "So, yeah."}, {"end": "00:23:23", "start": "00:23:17", "text": "That's the Raoul Pal news."}, {"end": "00:23:27", "start": "00:23:20", "text": "Uh let's see what what happens."}, {"end": "00:23:27", "start": "00:23:23", "text": "Moving along."}, {"end": "00:23:32", "start": "00:23:28", "text": "For those of you not looking at the"}, {"end": "00:23:35", "start": "00:23:30", "text": "screen,"}, {"end": "00:23:40", "start": "00:23:32", "text": "uh it says famous crypto analyst says,"}, {"end": "00:23:42", "start": "00:23:35", "text": "and I quote, \"I was wrong."}, {"end": "00:23:44", "start": "00:23:40", "text": "Bitcoin's 4-year cycle is a complete"}, {"end": "00:23:47", "start": "00:23:42", "text": "illusion.\""}, {"end": "00:23:50", "start": "00:23:44", "text": "Crypto analyst Dan Gambardello"}, {"end": "00:23:52", "start": "00:23:47", "text": "stated in his latest analysis"}, {"end": "00:23:56", "start": "00:23:50", "text": "that he no longer believes in the 4-year"}, {"end": "00:23:58", "start": "00:23:52", "text": "price cycle for Bitcoin. Let me explain."}, {"end": "00:24:00", "start": "00:23:56", "text": "It's simple, but confusing, but makes"}, {"end": "00:24:03", "start": "00:23:58", "text": "sense."}, {"end": "00:24:06", "start": "00:24:00", "text": "The entire idea of the 4-year cycle for"}, {"end": "00:24:08", "start": "00:24:03", "text": "Bitcoin has to do with the halving. Got"}, {"end": "00:24:10", "start": "00:24:06", "text": "it. Super simple."}, {"end": "00:24:12", "start": "00:24:08", "text": "What has happened before is that there"}, {"end": "00:24:14", "start": "00:24:10", "text": "used"}, {"end": "00:24:18", "start": "00:24:12", "text": "to be a gargantuan amount of Bitcoin"}, {"end": "00:24:22", "start": "00:24:14", "text": "created every single day, every single"}, {"end": "00:24:24", "start": "00:24:18", "text": "week. Every time you mined a block on"}, {"end": "00:24:26", "start": "00:24:22", "text": "the blockchain, you would create 50"}, {"end": "00:24:29", "start": "00:24:24", "text": "Bitcoin."}, {"end": "00:24:31", "start": "00:24:26", "text": "That's why a lot of times you hear like"}, {"end": "00:24:32", "start": "00:24:29", "text": "some of the earlier wallets, you know,"}, {"end": "00:24:34", "start": "00:24:31", "text": "that"}, {"end": "00:24:36", "start": "00:24:32", "text": "even the guy like the the the Bitcoin"}, {"end": "00:24:40", "start": "00:24:34", "text": "pizza guy,"}, {"end": "00:24:41", "start": "00:24:36", "text": "he sold 10,000 Bitcoin for a pizza or"}, {"end": "00:24:43", "start": "00:24:40", "text": "for for like, you know, three or four"}, {"end": "00:24:46", "start": "00:24:41", "text": "pizzas for him and his family. It's"}, {"end": "00:24:49", "start": "00:24:43", "text": "because you could get a lot of Bitcoin"}, {"end": "00:24:51", "start": "00:24:46", "text": "for very, very cheap. It was widely"}, {"end": "00:24:55", "start": "00:24:49", "text": "produced. You could you could you could"}, {"end": "00:24:57", "start": "00:24:51", "text": "mine Bitcoin with a 2006 computer. It's"}, {"end": "00:25:00", "start": "00:24:55", "text": "a real thing."}, {"end": "00:25:03", "start": "00:24:57", "text": "When the 50 became 25,"}, {"end": "00:25:07", "start": "00:25:00", "text": "Bitcoin then became rarer."}, {"end": "00:25:09", "start": "00:25:03", "text": "And by the time the 25 became 12.5,"}, {"end": "00:25:11", "start": "00:25:07", "text": "there was an idea in the cryptocurrency"}, {"end": "00:25:14", "start": "00:25:09", "text": "space that said,"}, {"end": "00:25:16", "start": "00:25:11", "text": "\"Whenever Bitcoin supply creation gets"}, {"end": "00:25:19", "start": "00:25:14", "text": "cut in half, it creates this like"}, {"end": "00:25:21", "start": "00:25:16", "text": "additional demand.\""}, {"end": "00:25:23", "start": "00:25:19", "text": "You look back and you go,"}, {"end": "00:25:27", "start": "00:25:21", "text": "\"Gold used to be 50 bucks."}, {"end": "00:25:30", "start": "00:25:23", "text": "Then gold is 800 bucks. Then gold is"}, {"end": "00:25:32", "start": "00:25:27", "text": "1,200. Now gold is three You You look"}, {"end": "00:25:35", "start": "00:25:30", "text": "back and you go, 'Oh my gosh, like"}, {"end": "00:25:37", "start": "00:25:32", "text": "it's it's going up in price. Like I have"}, {"end": "00:25:39", "start": "00:25:35", "text": "to do something.'\" So people rush into"}, {"end": "00:25:43", "start": "00:25:37", "text": "the market, and for some reason people"}, {"end": "00:25:45", "start": "00:25:39", "text": "tend to do this not before the halving"}, {"end": "00:25:46", "start": "00:25:43", "text": "happens, so that they can accumulate"}, {"end": "00:25:48", "start": "00:25:45", "text": "more for less."}, {"end": "00:25:51", "start": "00:25:46", "text": "People rush into the market when the"}, {"end": "00:25:54", "start": "00:25:48", "text": "halving has taken place, and there's"}, {"end": "00:25:56", "start": "00:25:51", "text": "less Bitcoin being produced."}, {"end": "00:25:58", "start": "00:25:54", "text": "This go around, however, is quite"}, {"end": "00:26:02", "start": "00:25:56", "text": "historic."}, {"end": "00:26:05", "start": "00:25:58", "text": "Because 2028 and 2020 2032,"}, {"end": "00:26:06", "start": "00:26:02", "text": "they mark the beginning of like the dust"}, {"end": "00:26:09", "start": "00:26:05", "text": "era."}, {"end": "00:26:10", "start": "00:26:06", "text": "If you don't know what dust is, years"}, {"end": "00:26:13", "start": "00:26:09", "text": "ago"}, {"end": "00:26:14", "start": "00:26:10", "text": "when Bitcoin was, say, a thousand"}, {"end": "00:26:18", "start": "00:26:13", "text": "dollars,"}, {"end": "00:26:21", "start": "00:26:14", "text": "and you had inside of a wallet uh"}, {"end": "00:26:21", "start": "00:26:18", "text": "0.0002431"}, {"end": "00:26:26", "start": "00:26:22", "text": "Bitcoin, this was considered dust."}, {"end": "00:26:29", "start": "00:26:24", "text": "Because Bitcoin's price was so low"}, {"end": "00:26:31", "start": "00:26:26", "text": "comparative to what it is now, you"}, {"end": "00:26:33", "start": "00:26:29", "text": "couldn't really move that Bitcoin"}, {"end": "00:26:37", "start": "00:26:31", "text": "without like triggering a high"}, {"end": "00:26:39", "start": "00:26:33", "text": "transaction fee. So that thing on the on"}, {"end": "00:26:41", "start": "00:26:37", "text": "the on your wallet was like 4 cents. The"}, {"end": "00:26:43", "start": "00:26:39", "text": "transaction fee was 89 cents, and you're"}, {"end": "00:26:45", "start": "00:26:41", "text": "like,"}, {"end": "00:26:46", "start": "00:26:43", "text": "\"No. No, thank you. I'll just leave it"}, {"end": "00:26:47", "start": "00:26:45", "text": "there.\""}, {"end": "00:26:50", "start": "00:26:46", "text": "You get to a point where Bitcoin's at"}, {"end": "00:26:53", "start": "00:26:47", "text": "100,000, and what would have been dust"}, {"end": "00:26:54", "start": "00:26:50", "text": "years ago is now about like 26, 27 so"}, {"end": "00:26:57", "start": "00:26:53", "text": "you like, \"Okay,"}, {"end": "00:27:01", "start": "00:26:54", "text": "that's not dust anymore. I I want to"}, {"end": "00:27:03", "start": "00:26:57", "text": "move it. I could use that $26.\""}, {"end": "00:27:07", "start": "00:27:01", "text": "The amount of Bitcoin that will soon be"}, {"end": "00:27:10", "start": "00:27:03", "text": "released from mining from the machine"}, {"end": "00:27:13", "start": "00:27:07", "text": "will be essentially, if you will, dust"}, {"end": "00:27:14", "start": "00:27:10", "text": "comparative uh to what it was before."}, {"end": "00:27:16", "start": "00:27:13", "text": "It's going to be a very low amount of"}, {"end": "00:27:18", "start": "00:27:14", "text": "Bitcoin. It'll be less than an entire"}, {"end": "00:27:20", "start": "00:27:16", "text": "Bitcoin."}, {"end": "00:27:23", "start": "00:27:18", "text": "Our world has kind of focused on the"}, {"end": "00:27:24", "start": "00:27:20", "text": "idea of Bitcoin go up because of 4-year"}, {"end": "00:27:26", "start": "00:27:23", "text": "cycle."}, {"end": "00:27:28", "start": "00:27:24", "text": "The having triggers,"}, {"end": "00:27:30", "start": "00:27:26", "text": "people rush into the market, and the"}, {"end": "00:27:31", "start": "00:27:28", "text": "year after the having is when all the"}, {"end": "00:27:33", "start": "00:27:30", "text": "momentum kind of like tumbles out of"}, {"end": "00:27:34", "start": "00:27:31", "text": "control. Everyone goes completely"}, {"end": "00:27:37", "start": "00:27:33", "text": "insane. Bitcoin's price starts going up."}, {"end": "00:27:39", "start": "00:27:34", "text": "Everything else is getting crazy."}, {"end": "00:27:42", "start": "00:27:37", "text": "Prices fall."}, {"end": "00:27:45", "start": "00:27:39", "text": "We're now entering an era where the idea"}, {"end": "00:27:49", "start": "00:27:42", "text": "of the 4-year cycle"}, {"end": "00:27:52", "start": "00:27:45", "text": "creating that demand is no more."}, {"end": "00:27:54", "start": "00:27:49", "text": "Because what people have to go on now,"}, {"end": "00:27:58", "start": "00:27:52", "text": "what people are left to accumulate, is"}, {"end": "00:28:00", "start": "00:27:54", "text": "what's left on cryptocurrency exchanges."}, {"end": "00:28:02", "start": "00:27:58", "text": "We're no longer talking about tens of"}, {"end": "00:28:04", "start": "00:28:00", "text": "thousands of Bitcoin being created."}, {"end": "00:28:06", "start": "00:28:02", "text": "We're talking about"}, {"end": "00:28:08", "start": "00:28:04", "text": "less than an entire Bitcoin being"}, {"end": "00:28:10", "start": "00:28:06", "text": "created. So, we had news like this"}, {"end": "00:28:11", "start": "00:28:08", "text": "sometime in summer. There was another"}, {"end": "00:28:12", "start": "00:28:10", "text": "analyst who said something similar. He"}, {"end": "00:28:15", "start": "00:28:11", "text": "was like,"}, {"end": "00:28:18", "start": "00:28:12", "text": "\"I think people are about to realize"}, {"end": "00:28:21", "start": "00:28:15", "text": "that something is is off."}, {"end": "00:28:24", "start": "00:28:18", "text": "And the thing that's off is that um"}, {"end": "00:28:26", "start": "00:28:21", "text": "no longer are we going to be"}, {"end": "00:28:29", "start": "00:28:24", "text": "potentially, this is the theory,"}, {"end": "00:28:31", "start": "00:28:26", "text": "are we going to be looking towards the"}, {"end": "00:28:32", "start": "00:28:29", "text": "having as a big factor?"}, {"end": "00:28:34", "start": "00:28:31", "text": "We're going to start paying more"}, {"end": "00:28:36", "start": "00:28:32", "text": "attention."}, {"end": "00:28:37", "start": "00:28:34", "text": "I [laughter] I was going to try and do a"}, {"end": "00:28:39", "start": "00:28:36", "text": "drum roll, then I was like, \"Da da da"}, {"end": "00:28:40", "start": "00:28:37", "text": "da.\" In my head, I was like, \"I can't do"}, {"end": "00:28:43", "start": "00:28:39", "text": "a drum roll.\""}, {"end": "00:28:45", "start": "00:28:40", "text": "Drr uh awesome. Amazing. Fantastic."}, {"end": "00:28:48", "start": "00:28:43", "text": "Uh what we're going to start looking"}, {"end": "00:28:51", "start": "00:28:45", "text": "towards is ETF inflows."}, {"end": "00:28:54", "start": "00:28:48", "text": "Surprise! Yeah, ETF inflows and what"}, {"end": "00:28:56", "start": "00:28:51", "text": "corporations and countries are doing"}, {"end": "00:28:58", "start": "00:28:54", "text": "with Bitcoin."}, {"end": "00:28:59", "start": "00:28:56", "text": "Didn't you think it was a little odd"}, {"end": "00:29:01", "start": "00:28:58", "text": "that all these companies and"}, {"end": "00:29:04", "start": "00:28:59", "text": "institutions got into crypto when they"}, {"end": "00:29:05", "start": "00:29:01", "text": "did? It was not random. It was not"}, {"end": "00:29:08", "start": "00:29:04", "text": "haphazard."}, {"end": "00:29:10", "start": "00:29:05", "text": "Um we are hearing about billions of"}, {"end": "00:29:12", "start": "00:29:08", "text": "dollars worth of XRP, Ethereum, and"}, {"end": "00:29:14", "start": "00:29:10", "text": "Bitcoin being accumulated"}, {"end": "00:29:16", "start": "00:29:12", "text": "weekly."}, {"end": "00:29:18", "start": "00:29:14", "text": "It's It's It's no longer monthly."}, {"end": "00:29:20", "start": "00:29:16", "text": "We're well past monthly. Sometimes it's"}, {"end": "00:29:23", "start": "00:29:18", "text": "even daily. Sometimes it's like 1.6"}, {"end": "00:29:24", "start": "00:29:20", "text": "billion dollars worth of Bitcoin was"}, {"end": "00:29:26", "start": "00:29:23", "text": "accumulated."}, {"end": "00:29:30", "start": "00:29:24", "text": "The theory is"}, {"end": "00:29:32", "start": "00:29:26", "text": "um the public will be, you know, waiting"}, {"end": "00:29:33", "start": "00:29:30", "text": "for the halving to happen."}, {"end": "00:29:35", "start": "00:29:32", "text": "And then they'll go, \"Yeah, less"}, {"end": "00:29:39", "start": "00:29:33", "text": "Bitcoin.\" And then they'll look on"}, {"end": "00:29:40", "start": "00:29:35", "text": "exchanges and go, \"Oh,"}, {"end": "00:29:42", "start": "00:29:39", "text": "less Bitcoin.\""}, {"end": "00:29:43", "start": "00:29:40", "text": "Because it's all being accumulated right"}, {"end": "00:29:46", "start": "00:29:42", "text": "now."}, {"end": "00:29:49", "start": "00:29:43", "text": "So, the idea of the 4-year cycle being a"}, {"end": "00:29:51", "start": "00:29:46", "text": "complete delusion kind of"}, {"end": "00:29:53", "start": "00:29:49", "text": "begins now."}, {"end": "00:29:57", "start": "00:29:51", "text": "If if"}, {"end": "00:29:59", "start": "00:29:53", "text": "I F uh we went from 20"}, {"end": "00:30:02", "start": "00:29:57", "text": "to 10"}, {"end": "00:30:04", "start": "00:29:59", "text": "to 5% of all Ethereum on exchanges to"}, {"end": "00:30:05", "start": "00:30:02", "text": "3.49%"}, {"end": "00:30:07", "start": "00:30:04", "text": "of all Ethereum on exchanges, that"}, {"end": "00:30:10", "start": "00:30:05", "text": "number will eventually become two. That"}, {"end": "00:30:14", "start": "00:30:07", "text": "number will eventually become 1% of all"}, {"end": "00:30:16", "start": "00:30:10", "text": "Ethereum. And that is going to break the"}, {"end": "00:30:18", "start": "00:30:14", "text": "minds of many people who waited on the"}, {"end": "00:30:19", "start": "00:30:16", "text": "sidelines."}, {"end": "00:30:21", "start": "00:30:18", "text": "It happens all the time. Uh but this"}, {"end": "00:30:22", "start": "00:30:19", "text": "time is going to be more dramatic"}, {"end": "00:30:24", "start": "00:30:21", "text": "because the wealthy people are making"}, {"end": "00:30:28", "start": "00:30:22", "text": "sure"}, {"end": "00:30:30", "start": "00:30:24", "text": "that there's nothing left for grabs."}, {"end": "00:30:32", "start": "00:30:28", "text": "Fascinating though. Yeah, it's it's a"}, {"end": "00:30:34", "start": "00:30:30", "text": "um I I keep telling you I think this"}, {"end": "00:30:36", "start": "00:30:32", "text": "cycle is going to be different or rather"}, {"end": "00:30:37", "start": "00:30:34", "text": "I know it's going to be different uh"}, {"end": "00:30:39", "start": "00:30:36", "text": "just based off of everything we've been"}, {"end": "00:30:40", "start": "00:30:37", "text": "hearing and the levels of accumulation"}, {"end": "00:30:41", "start": "00:30:39", "text": "and all the rich people who are in the"}, {"end": "00:30:43", "start": "00:30:40", "text": "market and the amount of times that we"}, {"end": "00:30:46", "start": "00:30:41", "text": "keep hearing BlackRock, Fidelity, Morgan"}, {"end": "00:30:48", "start": "00:30:43", "text": "Stanley, and Goldman Sachs"}, {"end": "00:30:52", "start": "00:30:46", "text": "are also buying Bitcoin, but"}, {"end": "00:30:53", "start": "00:30:48", "text": "um I can only hope"}, {"end": "00:30:55", "start": "00:30:52", "text": "that you all remember how early you are"}, {"end": "00:30:57", "start": "00:30:53", "text": "in the market."}, {"end": "00:31:01", "start": "00:30:55", "text": "Hope you all remember that there is a an"}, {"end": "00:31:04", "start": "00:30:57", "text": "opportunity sitting before you that um"}, {"end": "00:31:07", "start": "00:31:01", "text": "others do not have. So, just remember"}, {"end": "00:31:09", "start": "00:31:04", "text": "that uh we are potentially we are"}, {"end": "00:31:10", "start": "00:31:07", "text": "potentially"}, {"end": "00:31:14", "start": "00:31:09", "text": "in the"}, {"end": "00:31:18", "start": "00:31:10", "text": "uh time of crypto's life"}, {"end": "00:31:20", "start": "00:31:14", "text": "where we could this cycle potentially"}, {"end": "00:31:22", "start": "00:31:18", "text": "see a half a million-dollar Bitcoin. And"}, {"end": "00:31:24", "start": "00:31:20", "text": "if that happens, that is going to be"}, {"end": "00:31:27", "start": "00:31:22", "text": "incredibly life-changing for those in"}, {"end": "00:31:33", "start": "00:31:24", "text": "the cryptocurrency market."}, {"end": "00:31:35", "start": "00:31:27", "text": "I do hope that you've all enjoyed."}, {"end": "00:31:38", "start": "00:31:33", "text": "Hope you've all been investing. Hope"}, {"end": "00:31:39", "start": "00:31:35", "text": "you're all accumulating assets. Uh try"}, {"end": "00:31:40", "start": "00:31:38", "text": "and and I I I I know it's difficult. I"}, {"end": "00:31:41", "start": "00:31:39", "text": "know it's difficult. I know it's"}, {"end": "00:31:43", "start": "00:31:40", "text": "difficult, but try and get your family"}, {"end": "00:31:45", "start": "00:31:41", "text": "into it as well. Try and even have like"}, {"end": "00:31:47", "start": "00:31:43", "text": "a"}, {"end": "00:31:49", "start": "00:31:45", "text": "not a game, I don't know."}, {"end": "00:31:50", "start": "00:31:47", "text": "Where you all get together and you all"}, {"end": "00:31:53", "start": "00:31:49", "text": "accumulate some kind of an asset"}, {"end": "00:31:55", "start": "00:31:50", "text": "together. You kind of like instill this"}, {"end": "00:31:57", "start": "00:31:53", "text": "idea as like a family, we are constantly"}, {"end": "00:32:00", "start": "00:31:55", "text": "building wealth together. Find what"}, {"end": "00:32:04", "start": "00:31:57", "text": "works for you and just do it."}, {"end": "00:32:06", "start": "00:32:00", "text": "Move in that direction. Uh thank you all"}, {"end": "00:32:08", "start": "00:32:04", "text": "once again for watching, listening,"}, {"end": "00:32:12", "start": "00:32:06", "text": "liking, commenting, and supporting, and"}, {"end": "00:32:15", "start": "00:32:08", "text": "I will most certainly be talking"}, {"end": "00:32:16", "start": "00:32:12", "text": "to you all soon."}, {"end": "00:32:19", "start": "00:32:15", "text": "S-"}, {"end": "00:32:19", "start": "00:32:16", "text": "See you."}]

[{"end": "00:00:10", "start": "00:00:02", "text": "Hello everybody."}, {"end": "00:00:13", "start": "00:00:05", "text": "Welcome back for another video. Hope"}, {"end": "00:00:17", "start": "00:00:10", "text": "you're all doing great. Hope you're all"}, {"end": "00:00:20", "start": "00:00:13", "text": "doing well. Hope you're all"}, {"end": "00:00:25", "start": "00:00:17", "text": "remembering to invest and that you're"}, {"end": "00:00:29", "start": "00:00:20", "text": "all having a great day. Gigantic. Thank"}, {"end": "00:00:32", "start": "00:00:25", "text": "you to Finley Bass, Gilboa Snake, Trent"}, {"end": "00:00:39", "start": "00:00:29", "text": "Jackson, Gypsy Queen, Alec, Xander the"}, {"end": "00:00:43", "start": "00:00:32", "text": "Greek, Lyall Austin, FT Clown, and Liby."}, {"end": "00:00:44", "start": "00:00:39", "text": "Very big thank you to all of my Patreon"}, {"end": "00:00:46", "start": "00:00:43", "text": "supporters."}, {"end": "00:00:50", "start": "00:00:44", "text": "For those of you interested in real"}, {"end": "00:00:54", "start": "00:00:46", "text": "estate, it is by far it is by far one of"}, {"end": "00:00:57", "start": "00:00:50", "text": "my favorite types of investments. I've"}, {"end": "00:01:00", "start": "00:00:54", "text": "been investing in real estate for over"}, {"end": "00:01:02", "start": "00:00:57", "text": "well over well over a decade now. I"}, {"end": "00:01:05", "start": "00:01:00", "text": "published a book. It is called real"}, {"end": "00:01:08", "start": "00:01:02", "text": "estate investing. How the average person"}, {"end": "00:01:11", "start": "00:01:05", "text": "can build a million portfolio without"}, {"end": "00:01:14", "start": "00:01:08", "text": "needing a million dollars. Uh, a lot of"}, {"end": "00:01:17", "start": "00:01:11", "text": "people think that you need to be wealthy"}, {"end": "00:01:19", "start": "00:01:14", "text": "to enter the real estate market. That is"}, {"end": "00:01:21", "start": "00:01:17", "text": "a lie. For those of you who are"}, {"end": "00:01:26", "start": "00:01:19", "text": "interested, there are links in the"}, {"end": "00:01:30", "start": "00:01:21", "text": "description below this video."}, {"end": "00:01:33", "start": "00:01:26", "text": "And without any further ado, yeah, let's"}, {"end": "00:01:35", "start": "00:01:30", "text": "jump right into it. How's everyone"}, {"end": "00:01:38", "start": "00:01:33", "text": "feeling? What's new? What have you been"}, {"end": "00:01:41", "start": "00:01:35", "text": "up to recently? A lot of the"}, {"end": "00:01:43", "start": "00:01:38", "text": "cryptocurrency news is I mean of course"}, {"end": "00:01:47", "start": "00:01:41", "text": "we are"}, {"end": "00:01:51", "start": "00:01:43", "text": "obviously heavily reliant on um like"}, {"end": "00:01:53", "start": "00:01:47", "text": "realw world news being a thing. Other"}, {"end": "00:01:56", "start": "00:01:51", "text": "events are happening. There are a lot of"}, {"end": "00:01:58", "start": "00:01:53", "text": "other economic"}, {"end": "00:02:02", "start": "00:01:56", "text": "problems currently"}, {"end": "00:02:04", "start": "00:01:58", "text": "um taking place. If you haven't seen,"}, {"end": "00:02:07", "start": "00:02:02", "text": "there are a number of rumblings about"}, {"end": "00:02:11", "start": "00:02:04", "text": "the future of the economy of the stock"}, {"end": "00:02:14", "start": "00:02:07", "text": "market. Um, and there of course is"}, {"end": "00:02:16", "start": "00:02:11", "text": "potential of what that's going to do to"}, {"end": "00:02:19", "start": "00:02:14", "text": "the cryptocurrency market as well. If"}, {"end": "00:02:23", "start": "00:02:16", "text": "you didn't see recently, uh, I mean, for"}, {"end": "00:02:26", "start": "00:02:19", "text": "just in general, all the the G7"}, {"end": "00:02:28", "start": "00:02:23", "text": "countries are currently like in like an"}, {"end": "00:02:31", "start": "00:02:26", "text": "abominable"}, {"end": "00:02:33", "start": "00:02:28", "text": "amount of debt. Uh there's discussions"}, {"end": "00:02:36", "start": "00:02:31", "text": "in France now what they are going to do"}, {"end": "00:02:37", "start": "00:02:33", "text": "about their debt and I and I saw the"}, {"end": "00:02:39", "start": "00:02:36", "text": "number and I was like oh that's it"}, {"end": "00:02:42", "start": "00:02:37", "text": "because I'm so used to higher numbers. I"}, {"end": "00:02:44", "start": "00:02:39", "text": "I think France's debt problem is like 60"}, {"end": "00:02:46", "start": "00:02:42", "text": "billion or something like that. It's"}, {"end": "00:02:50", "start": "00:02:44", "text": "it's not even remotely close to a"}, {"end": "00:02:53", "start": "00:02:46", "text": "trillion. Uh but there are worries now"}, {"end": "00:02:56", "start": "00:02:50", "text": "that France and Japan uh could also"}, {"end": "00:02:58", "start": "00:02:53", "text": "begin to buckle under the weight of"}, {"end": "00:03:00", "start": "00:02:56", "text": "their debt and that that could be"}, {"end": "00:03:04", "start": "00:02:58", "text": "detrimental to the world's economy. Of"}, {"end": "00:03:07", "start": "00:03:00", "text": "course, the USSes of $40 trillion"}, {"end": "00:03:12", "start": "00:03:04", "text": "40 trillion"}, {"end": "00:03:15", "start": "00:03:07", "text": "$40 trillion worth of debt is is also"}, {"end": "00:03:17", "start": "00:03:12", "text": "its close cousin is called a consumer"}, {"end": "00:03:19", "start": "00:03:15", "text": "debt. And I think that's currently over"}, {"end": "00:03:22", "start": "00:03:17", "text": "like 1.3 trillion as well, like personal"}, {"end": "00:03:27", "start": "00:03:19", "text": "debt for the people in the United"}, {"end": "00:03:30", "start": "00:03:22", "text": "States. Uh, I think last we heard 28,000"}, {"end": "00:03:34", "start": "00:03:27", "text": "jobs were created in the United States,"}, {"end": "00:03:37", "start": "00:03:30", "text": "far below expectations or what needs to"}, {"end": "00:03:40", "start": "00:03:34", "text": "be done in a country of 350 million"}, {"end": "00:03:45", "start": "00:03:37", "text": "people. So, as I've been going over with"}, {"end": "00:03:47", "start": "00:03:40", "text": "you, the weirdest part for me has been a"}, {"end": "00:03:49", "start": "00:03:45", "text": "the amount of like negative news that"}, {"end": "00:03:52", "start": "00:03:47", "text": "we're getting about the economy because,"}, {"end": "00:03:55", "start": "00:03:49", "text": "you know, it's it's okay. Uh and then"}, {"end": "00:03:58", "start": "00:03:52", "text": "the other thing has to do with how much"}, {"end": "00:04:01", "start": "00:03:55", "text": "and I air quote good news"}, {"end": "00:04:03", "start": "00:03:58", "text": "you and I keep getting about the crypto"}, {"end": "00:04:07", "start": "00:04:01", "text": "market. It is quite bizarre in in"}, {"end": "00:04:10", "start": "00:04:03", "text": "previous olden days. If there was"}, {"end": "00:04:12", "start": "00:04:07", "text": "something wrong with the stock market or"}, {"end": "00:04:16", "start": "00:04:10", "text": "with the economy or with interest rates"}, {"end": "00:04:19", "start": "00:04:12", "text": "or with bonds, we years ago would hear"}, {"end": "00:04:21", "start": "00:04:16", "text": "quite not negative news but very like"}, {"end": "00:04:23", "start": "00:04:19", "text": "bare markety news about the"}, {"end": "00:04:24", "start": "00:04:21", "text": "cryptocurrency space where it was"}, {"end": "00:04:26", "start": "00:04:23", "text": "heading. You know, we're we're"}, {"end": "00:04:29", "start": "00:04:24", "text": "expecting, you know, to move sideways in"}, {"end": "00:04:30", "start": "00:04:26", "text": "price for a couple more months until"}, {"end": "00:04:34", "start": "00:04:29", "text": "this is fixed or they do this. And it's"}, {"end": "00:04:38", "start": "00:04:30", "text": "like, well, yeah, sure, makes sense."}, {"end": "00:04:40", "start": "00:04:34", "text": "Now, despite or coupled with all the bad"}, {"end": "00:04:43", "start": "00:04:38", "text": "news about the economy and debt levels"}, {"end": "00:04:48", "start": "00:04:40", "text": "and lack of hiring, uh the"}, {"end": "00:04:51", "start": "00:04:43", "text": "cryptocurrency space is flooded"}, {"end": "00:04:53", "start": "00:04:48", "text": "with very good news constantly. Um, and"}, {"end": "00:04:55", "start": "00:04:51", "text": "I can show you proof of that by a video"}, {"end": "00:04:57", "start": "00:04:53", "text": "every 24 hours. If you click back"}, {"end": "00:04:59", "start": "00:04:55", "text": "through any of the videos, doesn't"}, {"end": "00:05:03", "start": "00:04:57", "text": "matter if it's day ago, week ago, month"}, {"end": "00:05:06", "start": "00:04:59", "text": "ago, uh we keep hearing that good things"}, {"end": "00:05:10", "start": "00:05:03", "text": "are coming to the cryptocurrency space,"}, {"end": "00:05:13", "start": "00:05:06", "text": "which I assume is quite"}, {"end": "00:05:15", "start": "00:05:10", "text": "confling to many people out there as"}, {"end": "00:05:20", "start": "00:05:13", "text": "well because uh usually negativity"}, {"end": "00:05:23", "start": "00:05:15", "text": "begets negativity. So when I hear"}, {"end": "00:05:26", "start": "00:05:20", "text": "negative uh stock news and that is then"}, {"end": "00:05:28", "start": "00:05:23", "text": "coupled with like yeah no crypto crypto"}, {"end": "00:05:32", "start": "00:05:26", "text": "is doing great and prices are going to"}, {"end": "00:05:36", "start": "00:05:28", "text": "go higher. I'm like okie dokie. Let's uh"}, {"end": "00:05:40", "start": "00:05:32", "text": "let's see what happens. For those of you"}, {"end": "00:05:45", "start": "00:05:36", "text": "not looking at the screen,"}, {"end": "00:05:48", "start": "00:05:40", "text": "it says crypto ETFs see strong inflows."}, {"end": "00:05:51", "start": "00:05:45", "text": "Could crowded shorts trigger a squeeze"}, {"end": "00:05:56", "start": "00:05:48", "text": "at the moment? And actually for the last"}, {"end": "00:05:59", "start": "00:05:51", "text": "couple of weeks, uh there's been like a"}, {"end": "00:06:02", "start": "00:05:56", "text": "con confusion amongst people in crypto"}, {"end": "00:06:06", "start": "00:05:59", "text": "as if we haven't been hearing about this"}, {"end": "00:06:10", "start": "00:06:02", "text": "for the last two years. Um, every time"}, {"end": "00:06:13", "start": "00:06:06", "text": "every single time you and I hear about"}, {"end": "00:06:15", "start": "00:06:10", "text": "some kind of like an outflow from"}, {"end": "00:06:18", "start": "00:06:13", "text": "cryptocurrency ETFs, as we've gone over,"}, {"end": "00:06:20", "start": "00:06:15", "text": "it makes negative news. It is It is It's"}, {"end": "00:06:24", "start": "00:06:18", "text": "actually quite remarkable"}, {"end": "00:06:28", "start": "00:06:20", "text": "just how often there's news of the"}, {"end": "00:06:31", "start": "00:06:24", "text": "Ethereum ETF had $2 million worth of"}, {"end": "00:06:35", "start": "00:06:28", "text": "outflows. The the Bitcoin one, man, it's"}, {"end": "00:06:37", "start": "00:06:31", "text": "just not doing well. $22 million worth"}, {"end": "00:06:41", "start": "00:06:35", "text": "of outflows in one day. Like whatever"}, {"end": "00:06:45", "start": "00:06:37", "text": "are we going to do? The next day that"}, {"end": "00:06:47", "start": "00:06:41", "text": "news changes and we found out recently"}, {"end": "00:06:51", "start": "00:06:45", "text": "the last few weeks we would we would"}, {"end": "00:06:53", "start": "00:06:47", "text": "typically hear around $112 million worth"}, {"end": "00:06:57", "start": "00:06:51", "text": "of inflows maybe in like three or four"}, {"end": "00:07:01", "start": "00:06:53", "text": "days. One day with 88 million, one day"}, {"end": "00:07:04", "start": "00:06:57", "text": "with 160 million. They were always"}, {"end": "00:07:05", "start": "00:07:01", "text": "always higher than the actual outflows,"}, {"end": "00:07:07", "start": "00:07:04", "text": "but the outflows are negative, so"}, {"end": "00:07:10", "start": "00:07:05", "text": "therefore bigger news. Recently, we"}, {"end": "00:07:13", "start": "00:07:07", "text": "heard one day [clears throat] there was"}, {"end": "00:07:16", "start": "00:07:10", "text": "like $500 million"}, {"end": "00:07:18", "start": "00:07:13", "text": "worth of inflows into the Bitcoin ETFs."}, {"end": "00:07:20", "start": "00:07:16", "text": "The next week, over the course of four"}, {"end": "00:07:23", "start": "00:07:18", "text": "days, there was 1.6 billion. Recently,"}, {"end": "00:07:26", "start": "00:07:20", "text": "it was 388 million in one day. This is"}, {"end": "00:07:29", "start": "00:07:23", "text": "also coupled quite closely with the news"}, {"end": "00:07:31", "start": "00:07:26", "text": "that we keep getting about the amount of"}, {"end": "00:07:32", "start": "00:07:29", "text": "crypto being taken off of exchanges."}, {"end": "00:07:36", "start": "00:07:31", "text": "Like the levels are once again"}, {"end": "00:07:38", "start": "00:07:32", "text": "unprecedented. Everything recently is"}, {"end": "00:07:40", "start": "00:07:36", "text": "like never seen before. How is this"}, {"end": "00:07:43", "start": "00:07:38", "text": "happening? Unprecedented. Can't believe"}, {"end": "00:07:44", "start": "00:07:40", "text": "it. Setting new records."}, {"end": "00:07:48", "start": "00:07:43", "text": "It makes sense that it's coming from the"}, {"end": "00:07:51", "start": "00:07:44", "text": "institutions. As you and I heard, the"}, {"end": "00:07:53", "start": "00:07:48", "text": "majority of individual investors, the"}, {"end": "00:07:56", "start": "00:07:51", "text": "majority of retail investors in the"}, {"end": "00:07:58", "start": "00:07:53", "text": "crypto market over the last two years"}, {"end": "00:07:59", "start": "00:07:56", "text": "fled. For whatever reason, we don't"}, {"end": "00:08:01", "start": "00:07:58", "text": "know. We do not know. We do not have"}, {"end": "00:08:04", "start": "00:07:59", "text": "proper metrics. We simply know that"}, {"end": "00:08:06", "start": "00:08:01", "text": "every time prices went up a smidge,"}, {"end": "00:08:10", "start": "00:08:04", "text": "coins were sold, those coins were then"}, {"end": "00:08:12", "start": "00:08:06", "text": "absorbed by who we can only believe are"}, {"end": "00:08:15", "start": "00:08:10", "text": "banks, companies, institutions, and"}, {"end": "00:08:18", "start": "00:08:12", "text": "governments. This is why we didn't see"}, {"end": "00:08:20", "start": "00:08:15", "text": "such a large draw down in price as"}, {"end": "00:08:23", "start": "00:08:18", "text": "people were expecting. If you remember"}, {"end": "00:08:25", "start": "00:08:20", "text": "briefly in February and March, uh there"}, {"end": "00:08:28", "start": "00:08:23", "text": "was a little little smidge of news."}, {"end": "00:08:31", "start": "00:08:25", "text": "Bitcoins going down to 22,000. We're"}, {"end": "00:08:32", "start": "00:08:28", "text": "expecting a $33,000 Bitcoin because"}, {"end": "00:08:35", "start": "00:08:31", "text": "those are the normal levels of movement"}, {"end": "00:08:37", "start": "00:08:32", "text": "down that we would have seen. However,"}, {"end": "00:08:39", "start": "00:08:35", "text": "didn't happen. That's why there was like"}, {"end": "00:08:43", "start": "00:08:37", "text": "generalized euphoria when people were"}, {"end": "00:08:45", "start": "00:08:39", "text": "like, \"Yeah, 60,000, 69,000, 70,000 was"}, {"end": "00:08:47", "start": "00:08:43", "text": "the bottom for Bitcoin. Now the price is"}, {"end": "00:08:49", "start": "00:08:45", "text": "only going to go up.\" [clears throat]"}, {"end": "00:08:51", "start": "00:08:47", "text": "These aren't strong inflows. They're"}, {"end": "00:08:52", "start": "00:08:49", "text": "like constantly."}, {"end": "00:08:54", "start": "00:08:51", "text": "[clears throat]"}, {"end": "00:08:57", "start": "00:08:52", "text": "It's that time of year. Sorry. I"}, {"end": "00:08:59", "start": "00:08:54", "text": "realized a bunch of my friends [sighs]"}, {"end": "00:09:01", "start": "00:08:57", "text": "uh were like coughing and sneezing"}, {"end": "00:09:02", "start": "00:08:59", "text": "recently at dinner and I was like,"}, {"end": "00:09:04", "start": "00:09:01", "text": "[sighs and gasps]"}, {"end": "00:09:07", "start": "00:09:02", "text": "\"Yeah, sounds like"}, {"end": "00:09:10", "start": "00:09:04", "text": "sounds like that time of year.\" So, um"}, {"end": "00:09:12", "start": "00:09:07", "text": "right the inflows are historic"}, {"end": "00:09:14", "start": "00:09:10", "text": "constantly. If you didn't see two or"}, {"end": "00:09:16", "start": "00:09:12", "text": "three weeks ago as well, a number of"}, {"end": "00:09:19", "start": "00:09:14", "text": "analysts reignited"}, {"end": "00:09:22", "start": "00:09:16", "text": "discussions of"}, {"end": "00:09:24", "start": "00:09:19", "text": "uh what's it called? ah Bitcoin versus"}, {"end": "00:09:26", "start": "00:09:22", "text": "gold and Bitcoin doing better than gold"}, {"end": "00:09:28", "start": "00:09:24", "text": "and gold's not going to do well,"}, {"end": "00:09:30", "start": "00:09:26", "text": "Bitcoin's going to do better. And it's"}, {"end": "00:09:32", "start": "00:09:28", "text": "kind of this like"}, {"end": "00:09:35", "start": "00:09:30", "text": "a loop if you will [clears throat]"}, {"end": "00:09:37", "start": "00:09:32", "text": "regarding this kind of news. So, uh"}, {"end": "00:09:39", "start": "00:09:35", "text": "there are now discussions as one might"}, {"end": "00:09:42", "start": "00:09:37", "text": "have imagined about exactly how much"}, {"end": "00:09:44", "start": "00:09:39", "text": "money is moving into the ETFs, how much"}, {"end": "00:09:47", "start": "00:09:42", "text": "crypto is being taken off of exchanges,"}, {"end": "00:09:50", "start": "00:09:44", "text": "what effect this is going to have on"}, {"end": "00:09:53", "start": "00:09:47", "text": "prices. Because for whatever reason a"}, {"end": "00:09:57", "start": "00:09:50", "text": "lot of people generally it feels like no"}, {"end": "00:09:59", "start": "00:09:53", "text": "longer look towards spot markets to see"}, {"end": "00:10:02", "start": "00:09:57", "text": "like what's the haps a lot of people are"}, {"end": "00:10:06", "start": "00:09:59", "text": "focusing very heavily on the inflows of"}, {"end": "00:10:08", "start": "00:10:02", "text": "ETFs from institutions and those are"}, {"end": "00:10:11", "start": "00:10:06", "text": "doing extremely well so as we've been"}, {"end": "00:10:13", "start": "00:10:08", "text": "going over October or as it's usually"}, {"end": "00:10:19", "start": "00:10:11", "text": "called uptober"}, {"end": "00:10:21", "start": "00:10:13", "text": "is expected to be a an incredible month"}, {"end": "00:10:23", "start": "00:10:19", "text": "for making money and an incredible month"}, {"end": "00:10:25", "start": "00:10:21", "text": "for the cryptocurrency space. As you and"}, {"end": "00:10:26", "start": "00:10:23", "text": "I have heard, I need to keep reiterating"}, {"end": "00:10:30", "start": "00:10:25", "text": "this because this has been since"}, {"end": "00:10:33", "start": "00:10:26", "text": "January. As you and I have heard, is"}, {"end": "00:10:36", "start": "00:10:30", "text": "meant to be the beginning"}, {"end": "00:10:39", "start": "00:10:33", "text": "of a perpetual"}, {"end": "00:10:43", "start": "00:10:36", "text": "1,000 day stint"}, {"end": "00:10:46", "start": "00:10:39", "text": "of prices going higher."}, {"end": "00:10:50", "start": "00:10:43", "text": "like it's meant to be right now that all"}, {"end": "00:10:53", "start": "00:10:46", "text": "of this basically uh begins. For those"}, {"end": "00:10:55", "start": "00:10:50", "text": "of you not looking at the screen,"}, {"end": "00:10:59", "start": "00:10:53", "text": "it says analyst who [clears throat]"}, {"end": "00:11:02", "start": "00:10:55", "text": "previously accurately predicted the drop"}, {"end": "00:11:06", "start": "00:10:59", "text": "forecasts what might happen next with"}, {"end": "00:11:09", "start": "00:11:02", "text": "Bitcoin. His name is Sean Farrell, head"}, {"end": "00:11:11", "start": "00:11:06", "text": "of digital asset security at Fundstrat."}, {"end": "00:11:13", "start": "00:11:09", "text": "Discussed the current state of Bitcoin."}, {"end": "00:11:14", "start": "00:11:11", "text": "In a recent interview, he said it's"}, {"end": "00:11:16", "start": "00:11:13", "text": "going to go up."}, {"end": "00:11:19", "start": "00:11:14", "text": "Spoiler."}, {"end": "00:11:19", "start": "00:11:16", "text": "Um,"}, {"end": "00:11:25", "start": "00:11:19", "text": "so as far as my memory recalls, I do not"}, {"end": "00:11:28", "start": "00:11:23", "text": "ever remember saying the name Sean"}, {"end": "00:11:30", "start": "00:11:25", "text": "Farel. We have many analysts within the"}, {"end": "00:11:34", "start": "00:11:28", "text": "space and some of them pop up every now"}, {"end": "00:11:38", "start": "00:11:30", "text": "and again, Kiangju, etc., etc. Uh, they"}, {"end": "00:11:40", "start": "00:11:34", "text": "pop up repeatedly. This one's new."}, {"end": "00:11:43", "start": "00:11:38", "text": "You and I"}, {"end": "00:11:46", "start": "00:11:40", "text": "have not"}, {"end": "00:11:50", "start": "00:11:43", "text": "had one analyst, and I'm not counting uh"}, {"end": "00:11:53", "start": "00:11:46", "text": "what's that gold man's name? Uh"}, {"end": "00:11:54", "start": "00:11:50", "text": "Peter Peter Rabbit. What's the what what"}, {"end": "00:11:57", "start": "00:11:53", "text": "what's the guy who loves gold and who"}, {"end": "00:11:59", "start": "00:11:54", "text": "always the the the weird guy who he"}, {"end": "00:12:02", "start": "00:11:57", "text": "hates he hates Bitcoin. He hates it and"}, {"end": "00:12:06", "start": "00:11:59", "text": "he talks about it. His tweets. This man"}, {"end": "00:12:08", "start": "00:12:02", "text": "tweets about Bitcoin every single day."}, {"end": "00:12:10", "start": "00:12:06", "text": "Aren't you a billionaire? Don't you own"}, {"end": "00:12:13", "start": "00:12:08", "text": "an island? Can you not do anything else"}, {"end": "00:12:15", "start": "00:12:10", "text": "with your time? He's the only negative"}, {"end": "00:12:17", "start": "00:12:13", "text": "Nancy in the room."}, {"end": "00:12:23", "start": "00:12:15", "text": "Everyone"}, {"end": "00:12:24", "start": "00:12:17", "text": "else has predicted is predicting higher"}, {"end": "00:12:27", "start": "00:12:23", "text": "prices for the cryptocurrency market."}, {"end": "00:12:30", "start": "00:12:24", "text": "There is no middle."}, {"end": "00:12:34", "start": "00:12:27", "text": "the the most negative thing that you and"}, {"end": "00:12:37", "start": "00:12:30", "text": "I have heard. The most negative"}, {"end": "00:12:43", "start": "00:12:34", "text": "I forgot the analyst. He said he's"}, {"end": "00:12:47", "start": "00:12:37", "text": "expecting by 2029 I think a 350"}, {"end": "00:12:49", "start": "00:12:43", "text": "to a 400,000 Bitcoin."}, {"end": "00:12:52", "start": "00:12:47", "text": "That's the most negative that we've"}, {"end": "00:12:54", "start": "00:12:49", "text": "heard. everyone else is firmly between"}, {"end": "00:12:58", "start": "00:12:52", "text": "half a million and a million dollars per"}, {"end": "00:13:01", "start": "00:12:54", "text": "Bitcoin by the year 2029."}, {"end": "00:13:04", "start": "00:12:58", "text": "So, uh I guess this just joins the the"}, {"end": "00:13:08", "start": "00:13:01", "text": "long line of"}, {"end": "00:13:12", "start": "00:13:04", "text": "analysts within the market. everyone"}, {"end": "00:13:14", "start": "00:13:08", "text": "despite hearing about what's happening"}, {"end": "00:13:17", "start": "00:13:12", "text": "with stocks and bonds and yields and"}, {"end": "00:13:20", "start": "00:13:14", "text": "treasuries and uh the potential AI"}, {"end": "00:13:23", "start": "00:13:17", "text": "bubble, even the AI bubble is out of"}, {"end": "00:13:26", "start": "00:13:20", "text": "nowhere super uh"}, {"end": "00:13:29", "start": "00:13:23", "text": "good-looking for the cryptocurrency"}, {"end": "00:13:31", "start": "00:13:26", "text": "space. The the idea of AI not doing well"}, {"end": "00:13:33", "start": "00:13:29", "text": "means that that money would have to flow"}, {"end": "00:13:35", "start": "00:13:31", "text": "somewhere and people are anticipating it"}, {"end": "00:13:40", "start": "00:13:33", "text": "flowing into the cryptocurrency space."}, {"end": "00:13:44", "start": "00:13:35", "text": "So, um, as I stated before,"}, {"end": "00:13:46", "start": "00:13:40", "text": "this is going to be for us a very"}, {"end": "00:13:51", "start": "00:13:44", "text": "fascinating autumn and beginning of"}, {"end": "00:13:54", "start": "00:13:46", "text": "winter. Uh, simply because of"}, {"end": "00:13:57", "start": "00:13:51", "text": "what we've been told was going to happen"}, {"end": "00:13:58", "start": "00:13:54", "text": "to the cryptocurrency market over the"}, {"end": "00:14:00", "start": "00:13:57", "text": "course of this year. The first half"}, {"end": "00:14:03", "start": "00:13:58", "text": "already took place. We already saw all"}, {"end": "00:14:05", "start": "00:14:00", "text": "the tokenization and and stable coins"}, {"end": "00:14:08", "start": "00:14:03", "text": "and there's more, you know, real world"}, {"end": "00:14:10", "start": "00:14:05", "text": "value on chain than ever before. Now,"}, {"end": "00:14:12", "start": "00:14:08", "text": "the next portion"}, {"end": "00:14:15", "start": "00:14:10", "text": "is prices."}, {"end": "00:14:19", "start": "00:14:12", "text": "That's what we've been told as far as I"}, {"end": "00:14:25", "start": "00:14:15", "text": "can remember over the course of the last"}, {"end": "00:14:28", "start": "00:14:19", "text": "10 months. Uh-huh. Okie dokie."}, {"end": "00:14:32", "start": "00:14:25", "text": "Let's move on."}, {"end": "00:14:36", "start": "00:14:28", "text": "Also in major news, in case you somehow"}, {"end": "00:14:40", "start": "00:14:32", "text": "missed it, the talk of the town is that"}, {"end": "00:14:43", "start": "00:14:36", "text": "uh there are a few analysts on the"}, {"end": "00:14:47", "start": "00:14:40", "text": "Twitter and the interwebs who actively"}, {"end": "00:14:51", "start": "00:14:43", "text": "look for what Ripple and XRP have been"}, {"end": "00:14:54", "start": "00:14:47", "text": "doing. I believe this is mainly because"}, {"end": "00:14:56", "start": "00:14:51", "text": "Ripple as a company, it makes sense, but"}, {"end": "00:15:01", "start": "00:14:54", "text": "it is a bit frustrating."}, {"end": "00:15:04", "start": "00:14:56", "text": "uh similar to other etc. They're they're"}, {"end": "00:15:09", "start": "00:15:01", "text": "they're quite hush hush."}, {"end": "00:15:12", "start": "00:15:04", "text": "So we have been told that Ripple has"}, {"end": "00:15:15", "start": "00:15:09", "text": "dozens of hundreds of um NDAs"}, {"end": "00:15:17", "start": "00:15:12", "text": "non-disclosure agreements which means"}, {"end": "00:15:20", "start": "00:15:15", "text": "that they are currently working with"}, {"end": "00:15:23", "start": "00:15:17", "text": "gigantic entities and are not able to"}, {"end": "00:15:26", "start": "00:15:20", "text": "discuss such matters."}, {"end": "00:15:29", "start": "00:15:23", "text": "They cannot tell us. But from what we've"}, {"end": "00:15:32", "start": "00:15:26", "text": "heard over the past few years, this is"}, {"end": "00:15:34", "start": "00:15:29", "text": "this is where all the hype comes from."}, {"end": "00:15:37", "start": "00:15:32", "text": "The people from Ripple, the people from"}, {"end": "00:15:40", "start": "00:15:34", "text": "Ethereum. Apparently, there's some"}, {"end": "00:15:42", "start": "00:15:37", "text": "Stellar Lumens uh sprinkled in there."}, {"end": "00:15:44", "start": "00:15:40", "text": "There's Polygon, there's some Salana."}, {"end": "00:15:46", "start": "00:15:42", "text": "They're all working with banks and"}, {"end": "00:15:48", "start": "00:15:44", "text": "companies and institutions to, you know,"}, {"end": "00:15:50", "start": "00:15:46", "text": "for adoption. They're going to use this"}, {"end": "00:15:52", "start": "00:15:48", "text": "coin. They're using this coin for this"}, {"end": "00:15:56", "start": "00:15:50", "text": "kind of thing. But I [snorts]"}, {"end": "00:15:58", "start": "00:15:52", "text": "believe me, believe me, I do understand"}, {"end": "00:16:01", "start": "00:15:56", "text": "the frustration"}, {"end": "00:16:04", "start": "00:15:58", "text": "in hearing that a company within the"}, {"end": "00:16:08", "start": "00:16:01", "text": "crypto market is working with a hundred"}, {"end": "00:16:10", "start": "00:16:04", "text": "companies or a hundred banks and we"}, {"end": "00:16:14", "start": "00:16:08", "text": "don't know any of the names or we maybe"}, {"end": "00:16:18", "start": "00:16:10", "text": "know like three or four but you know"}, {"end": "00:16:21", "start": "00:16:14", "text": "three compared to 500 is not really"}, {"end": "00:16:24", "start": "00:16:18", "text": "it's not all that. So recently people"}, {"end": "00:16:26", "start": "00:16:21", "text": "found out that apparently"}, {"end": "00:16:31", "start": "00:16:24", "text": "the Bank of France"}, {"end": "00:16:33", "start": "00:16:26", "text": "apparently was looking into using XRP."}, {"end": "00:16:35", "start": "00:16:31", "text": "They openly discussed it for however"}, {"end": "00:16:38", "start": "00:16:33", "text": "long they might have happened and people"}, {"end": "00:16:40", "start": "00:16:35", "text": "found out information about it. This is"}, {"end": "00:16:44", "start": "00:16:38", "text": "what I was saying a couple of weeks ago"}, {"end": "00:16:46", "start": "00:16:40", "text": "if you caught on to it."}, {"end": "00:16:48", "start": "00:16:44", "text": "We, me and you, we're not used to"}, {"end": "00:16:50", "start": "00:16:46", "text": "adoption."}, {"end": "00:16:54", "start": "00:16:48", "text": "We're used to hearing people shunning"}, {"end": "00:16:56", "start": "00:16:50", "text": "the crypto space or saying it's not good"}, {"end": "00:16:58", "start": "00:16:54", "text": "or this billionaire got into the market"}, {"end": "00:17:01", "start": "00:16:56", "text": "four years ago and then something"}, {"end": "00:17:02", "start": "00:16:58", "text": "happened and Kevin Olirri left. Like"}, {"end": "00:17:07", "start": "00:17:01", "text": "that's the kind of attention that we"}, {"end": "00:17:10", "start": "00:17:02", "text": "normally get. So now with all"}, {"end": "00:17:12", "start": "00:17:07", "text": "the institutions and banks being here,"}, {"end": "00:17:17", "start": "00:17:10", "text": "we're kind of like waiting for what the"}, {"end": "00:17:20", "start": "00:17:12", "text": "next step is going to be. I I I I I"}, {"end": "00:17:23", "start": "00:17:17", "text": "don't use the word promise"}, {"end": "00:17:26", "start": "00:17:20", "text": "but in a way"}, {"end": "00:17:29", "start": "00:17:23", "text": "it does lightly feel like we were it's"}, {"end": "00:17:31", "start": "00:17:26", "text": "been foretold"}, {"end": "00:17:33", "start": "00:17:29", "text": "about the levels of adoption about the"}, {"end": "00:17:36", "start": "00:17:31", "text": "banks who were in the space a lot of the"}, {"end": "00:17:39", "start": "00:17:33", "text": "hype around Ethereum the beginning of"}, {"end": "00:17:43", "start": "00:17:36", "text": "this year had to do with by the end of"}, {"end": "00:17:44", "start": "00:17:39", "text": "the year we would hear about a dozen"}, {"end": "00:17:46", "start": "00:17:43", "text": "banks"}, {"end": "00:17:50", "start": "00:17:44", "text": "who would openly announce"}, {"end": "00:17:53", "start": "00:17:46", "text": "we are creating our stable coin"}, {"end": "00:17:55", "start": "00:17:50", "text": "and that stable coin would be on top of"}, {"end": "00:17:57", "start": "00:17:53", "text": "Ethereum/Polygon."}, {"end": "00:18:00", "start": "00:17:55", "text": "That's where a lot of this kind of"}, {"end": "00:18:02", "start": "00:17:57", "text": "began. So it once again it does make"}, {"end": "00:18:04", "start": "00:18:00", "text": "sense when people begin to like dig a"}, {"end": "00:18:08", "start": "00:18:02", "text": "bit deeper through like SEC filings and"}, {"end": "00:18:11", "start": "00:18:04", "text": "other things to be like whom who who's"}, {"end": "00:18:14", "start": "00:18:08", "text": "using these coins? Why are we hearing"}, {"end": "00:18:16", "start": "00:18:11", "text": "these people talking about XRP's going"}, {"end": "00:18:18", "start": "00:18:14", "text": "to 100, Bitcoin's going to a million,"}, {"end": "00:18:21", "start": "00:18:16", "text": "Ethereum's going to 75,000?"}, {"end": "00:18:24", "start": "00:18:18", "text": "That requires a huge amount of capital"}, {"end": "00:18:28", "start": "00:18:21", "text": "and adoption, and people just want to"}, {"end": "00:18:32", "start": "00:18:24", "text": "know what's going on."}, {"end": "00:18:35", "start": "00:18:28", "text": "It says XRP has long attracted attention"}, {"end": "00:18:38", "start": "00:18:32", "text": "from institutions exploring digital"}, {"end": "00:18:43", "start": "00:18:35", "text": "payment infrastructure. The crypto"}, {"end": "00:18:46", "start": "00:18:38", "text": "researcher known as Smaka SMQ"}, {"end": "00:18:49", "start": "00:18:43", "text": "uh recently brought a notable data point"}, {"end": "00:18:52", "start": "00:18:46", "text": "back into focus. One that stretches back"}, {"end": "00:18:54", "start": "00:18:49", "text": "to the early days of Europe's digital"}, {"end": "00:18:58", "start": "00:18:52", "text": "currency discussions recently that's"}, {"end": "00:19:01", "start": "00:18:54", "text": "also popped up back into the news. And I"}, {"end": "00:19:04", "start": "00:18:58", "text": "now be nice. I I I I don't know if we're"}, {"end": "00:19:05", "start": "00:19:01", "text": "supposed to cheer or if we're supposed"}, {"end": "00:19:08", "start": "00:19:04", "text": "to be like, \"Oh my gosh, wow, that's"}, {"end": "00:19:11", "start": "00:19:05", "text": "absolutely incredible. I love adoption.\""}, {"end": "00:19:12", "start": "00:19:08", "text": "Europe is working on a number of their"}, {"end": "00:19:14", "start": "00:19:11", "text": "uh anti-moneyaundering, know your"}, {"end": "00:19:17", "start": "00:19:12", "text": "customer rules and regulations for"}, {"end": "00:19:19", "start": "00:19:14", "text": "crypto and their their Micah thing that"}, {"end": "00:19:22", "start": "00:19:17", "text": "like their their regulation like their"}, {"end": "00:19:24", "start": "00:19:19", "text": "clarity act if you will called MICA"}, {"end": "00:19:28", "start": "00:19:22", "text": "has come into effect and they're trying"}, {"end": "00:19:30", "start": "00:19:24", "text": "to put a a stop or a slowdown to not"}, {"end": "00:19:32", "start": "00:19:28", "text": "tokenization but like more to yields"}, {"end": "00:19:35", "start": "00:19:30", "text": "from stable coins because it would cause"}, {"end": "00:19:37", "start": "00:19:32", "text": "people to move into stable coins as"}, {"end": "00:19:39", "start": "00:19:35", "text": "opposed to the local euro. I was going"}, {"end": "00:19:44", "start": "00:19:37", "text": "to say local currencies as opposed to"}, {"end": "00:19:47", "start": "00:19:39", "text": "the actual euro. And the thing is is"}, {"end": "00:19:50", "start": "00:19:44", "text": "that we know that it's going to happen"}, {"end": "00:19:53", "start": "00:19:47", "text": "but we don't know to what capacity. So"}, {"end": "00:19:55", "start": "00:19:50", "text": "we have heard that Europe"}, {"end": "00:19:58", "start": "00:19:53", "text": "the European Central Bank and banks"}, {"end": "00:20:02", "start": "00:19:55", "text": "within the European Union are getting"}, {"end": "00:20:04", "start": "00:19:58", "text": "ready to launch their kind of um"}, {"end": "00:20:06", "start": "00:20:02", "text": "euro coins, euro stable coins and all"}, {"end": "00:20:09", "start": "00:20:04", "text": "these other kinds of things. I've seen a"}, {"end": "00:20:12", "start": "00:20:06", "text": "lot of like people are fascinating. I"}, {"end": "00:20:15", "start": "00:20:09", "text": "I've seen so many people recently"}, {"end": "00:20:18", "start": "00:20:12", "text": "redis discussing the idea of a digital"}, {"end": "00:20:20", "start": "00:20:15", "text": "euro and kind of being shocked that it's"}, {"end": "00:20:22", "start": "00:20:18", "text": "happening. And this is how I know that a"}, {"end": "00:20:25", "start": "00:20:20", "text": "lot of people aren't in the"}, {"end": "00:20:27", "start": "00:20:22", "text": "cryptocurrency space because we've we've"}, {"end": "00:20:29", "start": "00:20:25", "text": "known about that for ages. Like that was"}, {"end": "00:20:31", "start": "00:20:27", "text": "always going to be a thing. One of the"}, {"end": "00:20:34", "start": "00:20:29", "text": "largest and here we go. One of the"}, {"end": "00:20:37", "start": "00:20:31", "text": "largest things of fear about it has to"}, {"end": "00:20:41", "start": "00:20:34", "text": "do with the digital euro basically like"}, {"end": "00:20:43", "start": "00:20:37", "text": "tracking transactions and getting"}, {"end": "00:20:45", "start": "00:20:41", "text": "control over people's money and"}, {"end": "00:20:47", "start": "00:20:43", "text": "basically the government being able to"}, {"end": "00:20:51", "start": "00:20:45", "text": "see what you can or have already"}, {"end": "00:20:54", "start": "00:20:47", "text": "purchased. And to that I say um welcome"}, {"end": "00:20:57", "start": "00:20:51", "text": "to the year 2002."}, {"end": "00:21:00", "start": "00:20:54", "text": "I'm glad you made it. Uh Britney Spears"}, {"end": "00:21:02", "start": "00:20:57", "text": "is very popular right now. Um the"}, {"end": "00:21:03", "start": "00:21:00", "text": "governments around the world have been"}, {"end": "00:21:05", "start": "00:21:02", "text": "able to do that for a while. They"}, {"end": "00:21:08", "start": "00:21:03", "text": "already do it. Uh we we we had this"}, {"end": "00:21:09", "start": "00:21:05", "text": "discussion about a year ago and I was"}, {"end": "00:21:12", "start": "00:21:08", "text": "shocked at how many people were kind of"}, {"end": "00:21:15", "start": "00:21:09", "text": "like that's not a thing. No, my friend."}, {"end": "00:21:17", "start": "00:21:12", "text": "Um if you have a smartphone, you're"}, {"end": "00:21:20", "start": "00:21:15", "text": "you're being tracked constantly. Your"}, {"end": "00:21:22", "start": "00:21:17", "text": "phone is constantly pinging when you're"}, {"end": "00:21:25", "start": "00:21:20", "text": "walking into a store. Have you ever"}, {"end": "00:21:26", "start": "00:21:22", "text": "walked into a Walmart, supermarket,"}, {"end": "00:21:29", "start": "00:21:25", "text": "anything like that, and it says like,"}, {"end": "00:21:31", "start": "00:21:26", "text": "\"Hey, Wi-Fi available.\""}, {"end": "00:21:34", "start": "00:21:29", "text": "Your phone has already pinged to the"}, {"end": "00:21:36", "start": "00:21:31", "text": "local tower. This is how authorities"}, {"end": "00:21:37", "start": "00:21:34", "text": "would know that you were already in that"}, {"end": "00:21:40", "start": "00:21:36", "text": "area and that you entered that store."}, {"end": "00:21:43", "start": "00:21:37", "text": "Like, it is kept as data on your phone."}, {"end": "00:21:44", "start": "00:21:40", "text": "If you accept cookies,"}, {"end": "00:21:46", "start": "00:21:43", "text": "you're being tracked throughout the"}, {"end": "00:21:50", "start": "00:21:44", "text": "internet all the time. If you use"}, {"end": "00:21:52", "start": "00:21:46", "text": "Twitter, if you use Instagram, if you"}, {"end": "00:21:55", "start": "00:21:50", "text": "use Tik Tok,"}, {"end": "00:21:57", "start": "00:21:52", "text": "I I have a friend, bless his heart, he"}, {"end": "00:22:00", "start": "00:21:55", "text": "doesn't care for like internet things."}, {"end": "00:22:02", "start": "00:21:57", "text": "And so he uses many different apps and"}, {"end": "00:22:03", "start": "00:22:00", "text": "things like that, but he doesn't like he"}, {"end": "00:22:05", "start": "00:22:02", "text": "he doesn't leave likes and he does leave"}, {"end": "00:22:06", "start": "00:22:03", "text": "comments because he doesn't want to be"}, {"end": "00:22:08", "start": "00:22:05", "text": "tracked or traced. Like that's just his"}, {"end": "00:22:10", "start": "00:22:06", "text": "thing. And I had a very nice"}, {"end": "00:22:12", "start": "00:22:08", "text": "conversation with him. I doubt he's"}, {"end": "00:22:15", "start": "00:22:10", "text": "watching, but hello. And I was like, you"}, {"end": "00:22:18", "start": "00:22:12", "text": "know that if you hover over something,"}, {"end": "00:22:19", "start": "00:22:15", "text": "like that's data being collected."}, {"end": "00:22:21", "start": "00:22:18", "text": "So, let's say you're scrolling on"}, {"end": "00:22:24", "start": "00:22:19", "text": "Instagram, you don't leave likes, you"}, {"end": "00:22:27", "start": "00:22:21", "text": "don't leave comments, but you hover over"}, {"end": "00:22:30", "start": "00:22:24", "text": "like a really beautiful Maserati. It's"}, {"end": "00:22:32", "start": "00:22:27", "text": "blue. It has like flames on the side or"}, {"end": "00:22:33", "start": "00:22:30", "text": "whatever people do to their cars now,"}, {"end": "00:22:35", "start": "00:22:32", "text": "and you hover like you're looking at it."}, {"end": "00:22:37", "start": "00:22:33", "text": "It's a beautiful, beautiful car. You"}, {"end": "00:22:39", "start": "00:22:35", "text": "scroll by a little bit more and then you"}, {"end": "00:22:41", "start": "00:22:37", "text": "find like a cup and you're like, \"Oh my"}, {"end": "00:22:43", "start": "00:22:39", "text": "gosh, that's a beautiful cup.\" The"}, {"end": "00:22:46", "start": "00:22:41", "text": "algorithm has already ascertained that"}, {"end": "00:22:48", "start": "00:22:43", "text": "you like blue cars, that you like sports"}, {"end": "00:22:50", "start": "00:22:46", "text": "cars, and that you like cups. This is"}, {"end": "00:22:52", "start": "00:22:48", "text": "why your feed is the way that it already"}, {"end": "00:22:54", "start": "00:22:50", "text": "is. Long story short, you're already"}, {"end": "00:22:59", "start": "00:22:52", "text": "being tracked on everything. When you"}, {"end": "00:23:01", "start": "00:22:54", "text": "swipe your card, when you tap, like it's"}, {"end": "00:23:02", "start": "00:22:59", "text": "so there's this idea of like things"}, {"end": "00:23:05", "start": "00:23:01", "text": "being more dystopian, they're already"}, {"end": "00:23:08", "start": "00:23:02", "text": "pretty gosh darn dystopian."}, {"end": "00:23:10", "start": "00:23:05", "text": "So yes, the digital dollar is coming."}, {"end": "00:23:11", "start": "00:23:08", "text": "The digital euro is coming, but the"}, {"end": "00:23:14", "start": "00:23:10", "text": "digital euro is already here because"}, {"end": "00:23:16", "start": "00:23:11", "text": "most people use card. No one's using"}, {"end": "00:23:19", "start": "00:23:14", "text": "cash anymore. The digital dollar has"}, {"end": "00:23:21", "start": "00:23:16", "text": "already been here because you use your"}, {"end": "00:23:23", "start": "00:23:19", "text": "card. You tap like it's the same for"}, {"end": "00:23:25", "start": "00:23:21", "text": "like EBT. Like it's all on a card. Like"}, {"end": "00:23:28", "start": "00:23:23", "text": "it is already the digital thing that can"}, {"end": "00:23:30", "start": "00:23:25", "text": "be blocked and stopped. Banks already"}, {"end": "00:23:34", "start": "00:23:28", "text": "have the power to reverse transactions."}, {"end": "00:23:36", "start": "00:23:30", "text": "is like what are you? Anyway, um Smaky,"}, {"end": "00:23:38", "start": "00:23:34", "text": "um I assume it's smoke, but there's a"}, {"end": "00:23:40", "start": "00:23:36", "text": "there's a there's literally a Q in the"}, {"end": "00:23:41", "start": "00:23:38", "text": "middle, so I don't know if it's an"}, {"end": "00:23:45", "start": "00:23:40", "text": "acronym. I don't know if it stands for"}, {"end": "00:23:47", "start": "00:23:41", "text": "something small mountain questionable"}, {"end": "00:23:49", "start": "00:23:45", "text": "cooks everywhere. Like I I I don't know"}, {"end": "00:23:52", "start": "00:23:47", "text": "what it is."}, {"end": "00:23:55", "start": "00:23:49", "text": "Smaky posted on Twitter, \"The Bank of"}, {"end": "00:23:57", "start": "00:23:52", "text": "France openly discussed XRP as a"}, {"end": "00:24:01", "start": "00:23:55", "text": "possible platform to issue the digital"}, {"end": "00:24:04", "start": "00:23:57", "text": "euro. This is documented. The claim has"}, {"end": "00:24:06", "start": "00:24:01", "text": "a documented basis. However, the source"}, {"end": "00:24:08", "start": "00:24:04", "text": "carries important context. And here's"}, {"end": "00:24:10", "start": "00:24:06", "text": "the tweet for it right here. This is"}, {"end": "00:24:11", "start": "00:24:08", "text": "documented. It shows little like"}, {"end": "00:24:16", "start": "00:24:10", "text": "pointing down. So, they found"}, {"end": "00:24:19", "start": "00:24:11", "text": "information back from 2020 and 2021."}, {"end": "00:24:22", "start": "00:24:16", "text": "Uh discussions around a central bank"}, {"end": "00:24:25", "start": "00:24:19", "text": "digital currency CBDC right there. And"}, {"end": "00:24:28", "start": "00:24:22", "text": "basically uh as we could have imagined"}, {"end": "00:24:32", "start": "00:24:25", "text": "uh Ripple was in conversation for having"}, {"end": "00:24:34", "start": "00:24:28", "text": "XRP being used for this or like the XRP"}, {"end": "00:24:38", "start": "00:24:32", "text": "blockchain being used for the actual"}, {"end": "00:24:43", "start": "00:24:34", "text": "movement of this. So of course this made"}, {"end": "00:24:46", "start": "00:24:38", "text": "very popular news. I I hope"}, {"end": "00:24:49", "start": "00:24:43", "text": "at some point"}, {"end": "00:24:52", "start": "00:24:46", "text": "in the next year, and I'm being generous"}, {"end": "00:24:56", "start": "00:24:49", "text": "with a year,"}, {"end": "00:24:59", "start": "00:24:52", "text": "generous. I hope we hear something at"}, {"end": "00:25:01", "start": "00:24:56", "text": "some point soon. I think a lot of people"}, {"end": "00:25:03", "start": "00:24:59", "text": "in the crypto space almost like kind of"}, {"end": "00:25:05", "start": "00:25:01", "text": "need confirmation in some sort of way."}, {"end": "00:25:07", "start": "00:25:03", "text": "And I'll be listen, I'm I'm sitting"}, {"end": "00:25:12", "start": "00:25:05", "text": "right next to you. I'm I'm right here"}, {"end": "00:25:14", "start": "00:25:07", "text": "with you because as much as I love to"}, {"end": "00:25:17", "start": "00:25:12", "text": "hear that Ethereum is going to be"}, {"end": "00:25:20", "start": "00:25:14", "text": "adopted by the world and Polygon's going"}, {"end": "00:25:22", "start": "00:25:17", "text": "to be super awesome and this is"}, {"end": "00:25:25", "start": "00:25:20", "text": "happening with Salana and XRP. Oo boy"}, {"end": "00:25:28", "start": "00:25:22", "text": "howdy. Um the thing that really gets"}, {"end": "00:25:30", "start": "00:25:25", "text": "people going is like confirmation. So"}, {"end": "00:25:33", "start": "00:25:28", "text": "when you hear that two companies are"}, {"end": "00:25:34", "start": "00:25:30", "text": "going to merge in in in in the in the"}, {"end": "00:25:36", "start": "00:25:33", "text": "stock world like you know it's it's a"}, {"end": "00:25:38", "start": "00:25:34", "text": "it's a big thing and that's because"}, {"end": "00:25:41", "start": "00:25:36", "text": "there's confirmation that it's going to"}, {"end": "00:25:43", "start": "00:25:38", "text": "happen between these two companies and I"}, {"end": "00:25:45", "start": "00:25:41", "text": "do understand once again uh we are"}, {"end": "00:25:48", "start": "00:25:43", "text": "talking about the literal obliteration"}, {"end": "00:25:51", "start": "00:25:45", "text": "of fiat currencies and them being taken"}, {"end": "00:25:55", "start": "00:25:48", "text": "over by crypto. So, I do understand that"}, {"end": "00:25:57", "start": "00:25:51", "text": "many things may want to be hush hush,"}, {"end": "00:25:59", "start": "00:25:55", "text": "but it feels like we're at the point"}, {"end": "00:26:01", "start": "00:25:57", "text": "where once again because we're in"}, {"end": "00:26:03", "start": "00:25:59", "text": "crypto, I think we know that these"}, {"end": "00:26:07", "start": "00:26:01", "text": "things are happening and other people do"}, {"end": "00:26:09", "start": "00:26:03", "text": "not. And I feel"}, {"end": "00:26:11", "start": "00:26:07", "text": "like"}, {"end": "00:26:14", "start": "00:26:09", "text": "if the public was alerted, [laughter]"}, {"end": "00:26:17", "start": "00:26:11", "text": "if the public was alerted in no"}, {"end": "00:26:19", "start": "00:26:14", "text": "uncertain terms, uh, that about six"}, {"end": "00:26:22", "start": "00:26:17", "text": "cryptocurrencies"}, {"end": "00:26:26", "start": "00:26:19", "text": "are going to be the basis for the new"}, {"end": "00:26:28", "start": "00:26:22", "text": "world digital financial order that might"}, {"end": "00:26:32", "start": "00:26:26", "text": "set off about a billion alarms in"}, {"end": "00:26:35", "start": "00:26:28", "text": "people's heads. But uh yes, apparently"}, {"end": "00:26:38", "start": "00:26:32", "text": "the Bank of France uh discussed using"}, {"end": "00:26:40", "start": "00:26:35", "text": "was working on or potentially had some"}, {"end": "00:26:43", "start": "00:26:38", "text": "kind of working with Ripple. They might"}, {"end": "00:26:45", "start": "00:26:40", "text": "still have it. We don't know because of"}, {"end": "00:26:48", "start": "00:26:43", "text": "so many gosh darn non-disclosure"}, {"end": "00:26:51", "start": "00:26:45", "text": "agreements. Isn't that fun? Fantastic. I"}, {"end": "00:26:53", "start": "00:26:48", "text": "I love uh love being kept in the dark"}, {"end": "00:26:56", "start": "00:26:51", "text": "about all these things for over a"}, {"end": "00:27:01", "start": "00:26:53", "text": "decade. But once again, fiat currencies,"}, {"end": "00:27:04", "start": "00:26:56", "text": "yada yada yada. Okie dokie."}, {"end": "00:27:05", "start": "00:27:01", "text": "Let's move on."}, {"end": "00:27:09", "start": "00:27:04", "text": "[laughter]"}, {"end": "00:27:12", "start": "00:27:05", "text": "Uh so recently uh you and I heard uh"}, {"end": "00:27:17", "start": "00:27:09", "text": "that El Salvador has apparently"}, {"end": "00:27:19", "start": "00:27:12", "text": "officially uh stopped buying Bitcoin."}, {"end": "00:27:23", "start": "00:27:17", "text": "Yes. Because the International Monetary"}, {"end": "00:27:26", "start": "00:27:19", "text": "Fund gave them a loan."}, {"end": "00:27:29", "start": "00:27:23", "text": "What I assumed was that the loan was for"}, {"end": "00:27:31", "start": "00:27:26", "text": "about $45 billion."}, {"end": "00:27:36", "start": "00:27:29", "text": "For those of you not looking at the"}, {"end": "00:27:39", "start": "00:27:31", "text": "screen, El Salvador has received a $138"}, {"end": "00:27:42", "start": "00:27:36", "text": "million grant from the Inter National"}, {"end": "00:27:43", "start": "00:27:39", "text": "Monetary Fund um after announcing that"}, {"end": "00:27:47", "start": "00:27:42", "text": "they're they're going to stop their"}, {"end": "00:27:47", "start": "00:27:43", "text": "Bitcoin related activities."}, {"end": "00:27:54", "start": "00:27:48", "text": "Do you okay? H how do I frame this"}, {"end": "00:27:54", "start": "00:27:51", "text": "nicely?"}, {"end": "00:28:00", "start": "00:27:55", "text": "That means they really needed that $138"}, {"end": "00:28:02", "start": "00:27:58", "text": "million."}, {"end": "00:28:04", "start": "00:28:00", "text": "That means their economy is doing"}, {"end": "00:28:08", "start": "00:28:02", "text": "terrible."}, {"end": "00:28:10", "start": "00:28:04", "text": "$1 138 million to stop doing something"}, {"end": "00:28:12", "start": "00:28:08", "text": "means like there's no money actually"}, {"end": "00:28:14", "start": "00:28:10", "text": "flowing in."}, {"end": "00:28:18", "start": "00:28:12", "text": "Typically the International Monetary"}, {"end": "00:28:20", "start": "00:28:14", "text": "Fund uh does grants or uh loans in"}, {"end": "00:28:22", "start": "00:28:18", "text": "excess of like billions of dollars like"}, {"end": "00:28:26", "start": "00:28:20", "text": "for whatever the reason might actually"}, {"end": "00:28:30", "start": "00:28:22", "text": "be. So yes um if you missed it as we"}, {"end": "00:28:33", "start": "00:28:26", "text": "were just going over El Salvador has for"}, {"end": "00:28:37", "start": "00:28:30", "text": "the last few years been purchasing one"}, {"end": "00:28:38", "start": "00:28:33", "text": "plus Bitcoin uh per day. That was just"}, {"end": "00:28:41", "start": "00:28:37", "text": "the thing that they said that they"}, {"end": "00:28:43", "start": "00:28:38", "text": "wanted to do. I don't know how they got"}, {"end": "00:28:45", "start": "00:28:41", "text": "to over 7,000 Bitcoin. That definitely"}, {"end": "00:28:49", "start": "00:28:43", "text": "doesn't add up over the course of like"}, {"end": "00:28:53", "start": "00:28:45", "text": "1300 days, but sure, why not? Um, yes,"}, {"end": "00:28:55", "start": "00:28:49", "text": "they have apparently stopped duh"}, {"end": "00:28:58", "start": "00:28:53", "text": "their purchases of Bitcoin in exchange"}, {"end": "00:29:01", "start": "00:28:55", "text": "for getting $138 million from the"}, {"end": "00:29:04", "start": "00:28:58", "text": "International Monetary Fund."}, {"end": "00:29:05", "start": "00:29:01", "text": "It says efforts will continue to reduce"}, {"end": "00:29:08", "start": "00:29:04", "text": "the state's involvement in Bitcoin"}, {"end": "00:29:11", "start": "00:29:05", "text": "related activities and to strengthen"}, {"end": "00:29:14", "start": "00:29:08", "text": "crypto asset regulation and governance."}, {"end": "00:29:18", "start": "00:29:11", "text": "The International Monetary Fund has said"}, {"end": "00:29:21", "start": "00:29:14", "text": "the IMF does not like when countries are"}, {"end": "00:29:22", "start": "00:29:18", "text": "into Bitcoin. They do not like it. It's"}, {"end": "00:29:25", "start": "00:29:21", "text": "and and I mean they I I dare use the"}, {"end": "00:29:29", "start": "00:29:22", "text": "word hate. They don't they don't care"}, {"end": "00:29:30", "start": "00:29:25", "text": "for it at all. Um, so this happened a"}, {"end": "00:29:33", "start": "00:29:29", "text": "few years ago where the IMF basically"}, {"end": "00:29:36", "start": "00:29:30", "text": "told a few countries that they could not"}, {"end": "00:29:38", "start": "00:29:33", "text": "create Bitcoin bonds. That was a really"}, {"end": "00:29:40", "start": "00:29:36", "text": "big thing and I guess it still"}, {"end": "00:29:44", "start": "00:29:38", "text": "continues. Uh, 3 weeks ago there was"}, {"end": "00:29:46", "start": "00:29:40", "text": "news that the IMF um doesn't like the"}, {"end": "00:29:48", "start": "00:29:44", "text": "way that things are going when it comes"}, {"end": "00:29:50", "start": "00:29:46", "text": "to crypto adoption because of how many"}, {"end": "00:29:54", "start": "00:29:48", "text": "people around the world are currently"}, {"end": "00:29:56", "start": "00:29:50", "text": "choosing to uh use crypto compared to"}, {"end": "00:29:57", "start": "00:29:54", "text": "their local currencies. I just actually"}, {"end": "00:29:59", "start": "00:29:56", "text": "saw something about this again for for"}, {"end": "00:30:01", "start": "00:29:57", "text": "Brazil. It it wasn't a documentary. It"}, {"end": "00:30:04", "start": "00:29:59", "text": "was more like a news expose kind of"}, {"end": "00:30:07", "start": "00:30:01", "text": "thing and they were showing uh platforms"}, {"end": "00:30:10", "start": "00:30:04", "text": "like these like prediction markets are"}, {"end": "00:30:12", "start": "00:30:07", "text": "kind of like taking over uh Brazil. I"}, {"end": "00:30:15", "start": "00:30:10", "text": "would"}, {"end": "00:30:17", "start": "00:30:12", "text": "kindly say uh understand that just"}, {"end": "00:30:19", "start": "00:30:15", "text": "because it shines does not mean that"}, {"end": "00:30:21", "start": "00:30:17", "text": "it's gold or that it's for you. And"}, {"end": "00:30:23", "start": "00:30:19", "text": "there are a lot of people being put into"}, {"end": "00:30:27", "start": "00:30:21", "text": "debt for these platforms. So um avoid"}, {"end": "00:30:29", "start": "00:30:23", "text": "them if you can. Uh secondly um in a lot"}, {"end": "00:30:31", "start": "00:30:27", "text": "of countries people are now relying on"}, {"end": "00:30:34", "start": "00:30:29", "text": "these things as kind of like trying to"}, {"end": "00:30:36", "start": "00:30:31", "text": "make money and as such people are"}, {"end": "00:30:40", "start": "00:30:34", "text": "circumventing the usage of their local"}, {"end": "00:30:43", "start": "00:30:36", "text": "currency through these platforms and or"}, {"end": "00:30:46", "start": "00:30:40", "text": "through crypto and this is what the IMF"}, {"end": "00:30:48", "start": "00:30:43", "text": "uh does not like because this falls"}, {"end": "00:30:51", "start": "00:30:46", "text": "completely out of their purview and what"}, {"end": "00:30:52", "start": "00:30:48", "text": "they can basically um control. That's"}, {"end": "00:30:56", "start": "00:30:51", "text": "just what the IMF is kind of there for."}, {"end": "00:30:58", "start": "00:30:52", "text": "But yeah, I I I found the follow-up news"}, {"end": "00:31:00", "start": "00:30:56", "text": "because we heard it was it was quite"}, {"end": "00:31:02", "start": "00:30:58", "text": "devastating news to the people that uh"}, {"end": "00:31:05", "start": "00:31:00", "text": "El Salvador had stopped officially"}, {"end": "00:31:08", "start": "00:31:02", "text": "purchasing Bitcoin or was kind of told"}, {"end": "00:31:13", "start": "00:31:05", "text": "not to buy anymore and then we just"}, {"end": "00:31:18", "start": "00:31:08", "text": "found out it was for $138 million."}, {"end": "00:31:21", "start": "00:31:13", "text": "So, whoa knows what comes next. Yeah."}, {"end": "00:31:25", "start": "00:31:18", "text": "Hope you're all doing well. I don't"}, {"end": "00:31:26", "start": "00:31:21", "text": "sound too sleepy. I I crazy crazy dreams"}, {"end": "00:31:28", "start": "00:31:25", "text": "once again. I don't know what's going"}, {"end": "00:31:29", "start": "00:31:26", "text": "on. I don't know if it's the air"}, {"end": "00:31:32", "start": "00:31:28", "text": "pressure. I don't know if I have a lot"}, {"end": "00:31:34", "start": "00:31:29", "text": "of I have so many things in my mind that"}, {"end": "00:31:36", "start": "00:31:32", "text": "I want to do. Like you I I can't even"}, {"end": "00:31:40", "start": "00:31:34", "text": "that would take an entirely different"}, {"end": "00:31:42", "start": "00:31:36", "text": "video. I have all these plans and ideas"}, {"end": "00:31:44", "start": "00:31:40", "text": "how to make money. Like not companies"}, {"end": "00:31:45", "start": "00:31:42", "text": "that I want to start, but like things"}, {"end": "00:31:48", "start": "00:31:44", "text": "online, things that I want to do to like"}, {"end": "00:31:50", "start": "00:31:45", "text": "generate extra capital, to have extra"}, {"end": "00:31:52", "start": "00:31:48", "text": "income sources. I have all these"}, {"end": "00:31:54", "start": "00:31:50", "text": "different things flowing through my mind"}, {"end": "00:31:55", "start": "00:31:52", "text": "and this is what I think keeps me up at"}, {"end": "00:31:58", "start": "00:31:54", "text": "night. Like I literally am always just"}, {"end": "00:32:01", "start": "00:31:55", "text": "thinking of brand new ideas to the"}, {"end": "00:32:04", "start": "00:31:58", "text": "detriment of my sleep but what have you."}, {"end": "00:32:06", "start": "00:32:01", "text": "Uh yes, I hope you're all doing well."}, {"end": "00:32:07", "start": "00:32:04", "text": "Hope you're all having a great day, a"}, {"end": "00:32:08", "start": "00:32:06", "text": "great morning, a great afternoon, a"}, {"end": "00:32:11", "start": "00:32:07", "text": "great evening, wherever you are,"}, {"end": "00:32:14", "start": "00:32:08", "text": "wherever the heck you might be. I do"}, {"end": "00:32:17", "start": "00:32:11", "text": "hope it is absolutely fantastic."}, {"end": "00:32:19", "start": "00:32:14", "text": "Thank you all once again for watching,"}, {"end": "00:32:22", "start": "00:32:17", "text": "listening, liking, commenting, and"}, {"end": "00:32:27", "start": "00:32:19", "text": "supporting. And I will most certainly be"}, {"end": "00:32:30", "start": "00:32:22", "text": "talking to you all soon."}, {"end": "00:32:30", "start": "00:32:27", "text": "See you."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Yeah, I would certainly agree with that"}, {"start": "00:00:02", "end": "00:00:06", "text": "statement. Uh, Bitcoin is strong. It's"}, {"start": "00:00:04", "end": "00:00:08", "text": "powerful. It's had some, you know, rough"}, {"start": "00:00:06", "end": "00:00:11", "text": "time periods here. We've had some"}, {"start": "00:00:08", "end": "00:00:14", "text": "withdrawals the last month or so. But if"}, {"start": "00:00:11", "end": "00:00:17", "text": "you zoom back, I mean, since January of"}, {"start": "00:00:14", "end": "00:00:20", "text": "2024, Bitcoin ETPs have brought in"}, {"start": "00:00:17", "end": "00:00:21", "text": "nearly $60 billion of assets."}, {"start": "00:00:20", "end": "00:00:23", "text": ">> Something really interesting is"}, {"start": "00:00:21", "end": "00:00:26", "text": "happening right now with Bitcoin and the"}, {"start": "00:00:23", "end": "00:00:28", "text": "crypto market. You see, as the experts"}, {"start": "00:00:26", "end": "00:00:30", "text": "claim that Bitcoin is still too risky,"}, {"start": "00:00:28", "end": "00:00:32", "text": ">> the key thing I look for Bitcoin is I"}, {"start": "00:00:30", "end": "00:00:34", "text": "fully expect um it's going to go back to"}, {"start": "00:00:32", "end": "00:00:36", "text": "low price cure is going to be closer to"}, {"start": "00:00:34", "end": "00:00:39", "text": "10,000. And right now we're at 82"}, {"start": "00:00:36", "end": "00:00:40", "text": ">> $200 billion plus tech stocks are"}, {"start": "00:00:39", "end": "00:00:42", "text": "currently plummeting."}, {"start": "00:00:40", "end": "00:00:43", "text": ">> But the bottom line, the number one"}, {"start": "00:00:42", "end": "00:00:45", "text": "thing for that to happen is for the US"}, {"start": "00:00:43", "end": "00:00:45", "text": "stock market to go down a little bit and"}, {"start": "00:00:45", "end": "00:00:48", "text": "stay down."}, {"start": "00:00:45", "end": "00:00:52", "text": ">> Do you understand this? AI stocks going"}, {"start": "00:00:48", "end": "00:00:54", "text": "down, Bitcoin holds. And yes, Bitcoin"}, {"start": "00:00:52", "end": "00:00:56", "text": "dips a little, but the AI and tech"}, {"start": "00:00:54", "end": "00:00:58", "text": "stocks are going down much more."}, {"start": "00:00:56", "end": "00:00:59", "text": ">> So, it's become a major player and"}, {"start": "00:00:58", "end": "00:01:01", "text": "something that is definitely, I think,"}, {"start": "00:00:59", "end": "00:01:02", "text": "still has strong fundamentals for the"}, {"start": "00:01:01", "end": "00:01:04", "text": "future."}, {"start": "00:01:02", "end": "00:01:05", "text": ">> Crypto is showing a lot of strength"}, {"start": "00:01:04", "end": "00:01:07", "text": "right now. But even I'm getting nervous."}, {"start": "00:01:05", "end": "00:01:10", "text": "I mean, we understand that regulation"}, {"start": "00:01:07", "end": "00:01:11", "text": "and fundamentals for crypto in general"}, {"start": "00:01:10", "end": "00:01:14", "text": "continue to get better and better."}, {"start": "00:01:11", "end": "00:01:18", "text": "Here's Peter Van Vulcanberg's speech at"}, {"start": "00:01:14", "end": "00:01:20", "text": "the 2026 Coin Center annual dinner."}, {"start": "00:01:18", "end": "00:01:22", "text": "Understand what's changed. And we were"}, {"start": "00:01:20", "end": "00:01:25", "text": "able to share some good news yesterday"}, {"start": "00:01:22", "end": "00:01:27", "text": "actually uh that Treasury is withdrawing"}, {"start": "00:01:25", "end": "00:01:30", "text": "two proposed rules that Coin Center"}, {"start": "00:01:27", "end": "00:01:35", "text": "fought vehemently against for years."}, {"start": "00:01:30", "end": "00:01:37", "text": "The infamous unhosted wallet rule, which"}, {"start": "00:01:35", "end": "00:01:38", "text": "was so bad that when I started writing"}, {"start": "00:01:37", "end": "00:01:40", "text": "posts about the unhosted wallet rule,"}, {"start": "00:01:38", "end": "00:01:43", "text": "people were like, \"What the man? What do"}, {"start": "00:01:40", "end": "00:01:45", "text": "you mean unhosted? Well, you're using"}, {"start": "00:01:43", "end": "00:01:47", "text": "their language."}, {"start": "00:01:45", "end": "00:01:48", "text": "What is Look at this. An unhosted"}, {"start": "00:01:47", "end": "00:01:50", "text": "wallet. It's just sitting here.\" Okay,"}, {"start": "00:01:48", "end": "00:01:52", "text": "I'll stop."}, {"start": "00:01:50", "end": "00:01:55", "text": "And they also withdrew"}, {"start": "00:01:52", "end": "00:01:59", "text": "the mixer as primary moneyaundering"}, {"start": "00:01:55", "end": "00:01:59", "text": "concern rulemaking"}, {"start": "00:01:59", "end": "00:02:04", "text": ">> which would have been very bad which if"}, {"start": "00:02:02", "end": "00:02:08", "text": "you might remember classified not"}, {"start": "00:02:04", "end": "00:02:10", "text": "reusing an address as mixing or yes not"}, {"start": "00:02:08", "end": "00:02:12", "text": "reusing an address would be mixing. So"}, {"start": "00:02:10", "end": "00:02:13", "text": "anybody who uses Bitcoin the right way"}, {"start": "00:02:12", "end": "00:02:15", "text": "would be doing something that's a"}, {"start": "00:02:13", "end": "00:02:17", "text": "primary moneyaundering concern. It's"}, {"start": "00:02:15", "end": "00:02:21", "text": "great."}, {"start": "00:02:17", "end": "00:02:24", "text": "And of course, the SEC and the CFTC are"}, {"start": "00:02:21", "end": "00:02:26", "text": "charging ahead with very good new rules."}, {"start": "00:02:24", "end": "00:02:29", "text": ">> So, the predatory rules the government"}, {"start": "00:02:26", "end": "00:02:31", "text": "had against crypto are going away. The"}, {"start": "00:02:29", "end": "00:02:34", "text": "ambiguity is going away, leading to more"}, {"start": "00:02:31", "end": "00:02:37", "text": "clarity, allowing the space to actually"}, {"start": "00:02:34", "end": "00:02:40", "text": "thrive. Also, pay attention to the"}, {"start": "00:02:37", "end": "00:02:44", "text": "fundamentals in crypto. Solana in four"}, {"start": "00:02:40", "end": "00:02:47", "text": "charts Q3 2026. Chart number one, Solana"}, {"start": "00:02:44", "end": "00:02:50", "text": "application revenue. App revenue rose"}, {"start": "00:02:47", "end": "00:02:53", "text": "48% quarter-over-arter, the highest"}, {"start": "00:02:50", "end": "00:02:56", "text": "since Q3 of last year."}, {"start": "00:02:53", "end": "00:03:00", "text": "Chart number two, tokenized equities hit"}, {"start": "00:02:56", "end": "00:03:03", "text": "a record 7.1 billion for the quarter"}, {"start": "00:03:00", "end": "00:03:06", "text": "with September reaching a 4.4 billion"}, {"start": "00:03:03", "end": "00:03:10", "text": "all-time high. Chart number three,"}, {"start": "00:03:06", "end": "00:03:13", "text": "Solana did $197 billion in spot"}, {"start": "00:03:10", "end": "00:03:15", "text": "decentralized exchange volume. And chart"}, {"start": "00:03:13", "end": "00:03:19", "text": "number four, Solana processed a record"}, {"start": "00:03:15", "end": "00:03:20", "text": "of 14.2 billion transactions, around"}, {"start": "00:03:19", "end": "00:03:22", "text": "1,790"}, {"start": "00:03:20", "end": "00:03:25", "text": "transactions every second. Now, the"}, {"start": "00:03:22", "end": "00:03:27", "text": "price of Solana has not caught up yet,"}, {"start": "00:03:25", "end": "00:03:29", "text": "but the fundamentals continue to get"}, {"start": "00:03:27", "end": "00:03:31", "text": "better. That's signal. We have a major"}, {"start": "00:03:29", "end": "00:03:34", "text": "update for Bit Tensor Tow. This is"}, {"start": "00:03:31", "end": "00:03:36", "text": "betting on decentralized AI. Null"}, {"start": "00:03:34", "end": "00:03:38", "text": "consensus."}, {"start": "00:03:36", "end": "00:03:41", "text": "Bit Tensor recently released null"}, {"start": "00:03:38", "end": "00:03:46", "text": "consensus, a major protocol update"}, {"start": "00:03:41", "end": "00:03:49", "text": "expanding subnet capacity from 256 to"}, {"start": "00:03:46", "end": "00:03:52", "text": "over 2500 participants. What does this"}, {"start": "00:03:49", "end": "00:03:54", "text": "mean for Bit Tensor? Well, now subnets,"}, {"start": "00:03:52", "end": "00:03:56", "text": "which are early stage AI and robotics,"}, {"start": "00:03:54", "end": "00:04:00", "text": "primarily companies building on the"}, {"start": "00:03:56", "end": "00:04:02", "text": "protocol, now subnet owners can opt in"}, {"start": "00:04:00", "end": "00:04:04", "text": "to expanding the amount of people that"}, {"start": "00:04:02", "end": "00:04:07", "text": "can mine their subnets from hundreds to"}, {"start": "00:04:04", "end": "00:04:09", "text": "now thousands for tasks that might need"}, {"start": "00:04:07", "end": "00:04:12", "text": "that. For example, inference,"}, {"start": "00:04:09", "end": "00:04:15", "text": "compute-based subnets. This makes a lot"}, {"start": "00:04:12", "end": "00:04:17", "text": "of sense. Good update. And even"}, {"start": "00:04:15", "end": "00:04:20", "text": "tokenized stocks grow, bringing more"}, {"start": "00:04:17", "end": "00:04:24", "text": "people into crypto. Tokenized Tesla"}, {"start": "00:04:20", "end": "00:04:26", "text": "surges as Elon Musk unveils SpaceX"}, {"start": "00:04:24", "end": "00:04:29", "text": "powered flying Roadster prototype. I'm"}, {"start": "00:04:26", "end": "00:04:31", "text": "looking at the Tesla chart on Coinbase"}, {"start": "00:04:29", "end": "00:04:33", "text": "Advanced. Now, we see Tesla rose into"}, {"start": "00:04:31", "end": "00:04:36", "text": "the big announcement and then dipped on"}, {"start": "00:04:33", "end": "00:04:38", "text": "the news. And because Coinbase is a"}, {"start": "00:04:36", "end": "00:04:42", "text": "channel sponsor, if you want literally"}, {"start": "00:04:38", "end": "00:04:44", "text": "80% off fees as you trade, as you dollar"}, {"start": "00:04:42", "end": "00:04:47", "text": "cost average, as you buy a little bit"}, {"start": "00:04:44", "end": "00:04:51", "text": "every week, activate rewards, get up to"}, {"start": "00:04:47", "end": "00:04:54", "text": "$275 USDC in rewards, as well as"}, {"start": "00:04:51", "end": "00:04:56", "text": "literally 80% off fees. This will save"}, {"start": "00:04:54", "end": "00:04:58", "text": "you money. This will give you get you"}, {"start": "00:04:56", "end": "00:05:01", "text": "more crypto over the long run. Be sure"}, {"start": "00:04:58", "end": "00:05:03", "text": "to check out the full tutorial so you"}, {"start": "00:05:01", "end": "00:05:06", "text": "understand everything. Coinbase"}, {"start": "00:05:03", "end": "00:05:09", "text": "Advanced, how to trade crypto, per"}, {"start": "00:05:06", "end": "00:05:11", "text": "stocks, and more. Step-by-step tutorial"}, {"start": "00:05:09", "end": "00:05:12", "text": "link down below. Thank you, Coinbase,"}, {"start": "00:05:11", "end": "00:05:14", "text": "for sponsoring this section of today's"}, {"start": "00:05:12", "end": "00:05:18", "text": "video. And that brings us to why global"}, {"start": "00:05:14", "end": "00:05:21", "text": "markets have started to dip. Oil tops"}, {"start": "00:05:18", "end": "00:05:24", "text": "$110 for the first time since May as"}, {"start": "00:05:21", "end": "00:05:26", "text": "supply risk grows. So Brent crude oil is"}, {"start": "00:05:24", "end": "00:05:30", "text": "spiking again with the reason being"}, {"start": "00:05:26", "end": "00:05:33", "text": "primarily that Iran places its armed"}, {"start": "00:05:30", "end": "00:05:36", "text": "forces on the highest alert for 72 hours"}, {"start": "00:05:33", "end": "00:05:38", "text": "and mobile bomb shelters being rapidly"}, {"start": "00:05:36", "end": "00:05:42", "text": "deployed in Tel Aviv. Global uncertainty"}, {"start": "00:05:38", "end": "00:05:45", "text": "is increasing. Extra money in the system"}, {"start": "00:05:42", "end": "00:05:48", "text": "is also decreasing. Right? Oil affects"}, {"start": "00:05:45", "end": "00:05:50", "text": "transportation, fuel costs. It affects"}, {"start": "00:05:48", "end": "00:05:52", "text": "consumer goods, groceries. It affects"}, {"start": "00:05:50", "end": "00:05:54", "text": "damn near everything. This is sucking"}, {"start": "00:05:52", "end": "00:05:56", "text": "money out of the system. This is"}, {"start": "00:05:54", "end": "00:05:58", "text": "starting to tank what some people have"}, {"start": "00:05:56", "end": "00:06:01", "text": "called just a little ahead of"}, {"start": "00:05:58", "end": "00:06:04", "text": "themselves, just a little bit overpriced"}, {"start": "00:06:01", "end": "00:06:06", "text": "at the moment, AI and semi stocks. Yet,"}, {"start": "00:06:04", "end": "00:06:09", "text": "Bitcoin in the time of global"}, {"start": "00:06:06", "end": "00:06:10", "text": "uncertainty is seemingly unfased."}, {"start": "00:06:09", "end": "00:06:13", "text": "Actually, Bitcoin was made for something"}, {"start": "00:06:10", "end": "00:06:15", "text": "like this. Plus, what do we know that"}, {"start": "00:06:13", "end": "00:06:18", "text": "the stock market, a lot of those AI"}, {"start": "00:06:15", "end": "00:06:21", "text": "stocks have just been near or at"}, {"start": "00:06:18", "end": "00:06:23", "text": "all-time highs for a long time. They"}, {"start": "00:06:21", "end": "00:06:26", "text": "never had their opportunity to correct"}, {"start": "00:06:23", "end": "00:06:28", "text": "the crypto market. We're ahead of the"}, {"start": "00:06:26", "end": "00:06:30", "text": "game. The leverage is already out of the"}, {"start": "00:06:28", "end": "00:06:32", "text": "system. The majority, a lot of the"}, {"start": "00:06:30", "end": "00:06:34", "text": "sellers have already sold. Crypto"}, {"start": "00:06:32", "end": "00:06:37", "text": "corrected first. Bitcoin expert Willie"}, {"start": "00:06:34", "end": "00:06:38", "text": "Woo makes the claim that Bitcoin should"}, {"start": "00:06:37", "end": "00:06:41", "text": "be resilient against stock market"}, {"start": "00:06:38", "end": "00:06:44", "text": "pullbacks given it's already retraced"}, {"start": "00:06:41", "end": "00:06:46", "text": "50% while equities were busy putting in"}, {"start": "00:06:44", "end": "00:06:48", "text": "new highs. And I'm not saying that"}, {"start": "00:06:46", "end": "00:06:52", "text": "Bitcoin won't correct at all, right? If"}, {"start": "00:06:48", "end": "00:06:54", "text": "the stock market goes down 20%."}, {"start": "00:06:52", "end": "00:06:56", "text": "That's fear in the market. Corrections"}, {"start": "00:06:54", "end": "00:06:58", "text": "will happen in crypto. But if we don't"}, {"start": "00:06:56", "end": "00:07:01", "text": "really correct as the stock market goes"}, {"start": "00:06:58", "end": "00:07:04", "text": "down, that's a bull flag. If we correct,"}, {"start": "00:07:01", "end": "00:07:06", "text": "hey, 10 20%, anything's possible in"}, {"start": "00:07:04", "end": "00:07:09", "text": "crypto. But if we put in that higher"}, {"start": "00:07:06", "end": "00:07:12", "text": "low, that's a bull signal. The last time"}, {"start": "00:07:09", "end": "00:07:15", "text": "this setup happened was 2014 when"}, {"start": "00:07:12", "end": "00:07:17", "text": "Bitcoin blew off after the Mount Gox"}, {"start": "00:07:15", "end": "00:07:19", "text": "collapse. That was the one exchange that"}, {"start": "00:07:17", "end": "00:07:22", "text": "existed back then. The only exchange in"}, {"start": "00:07:19", "end": "00:07:23", "text": "crypto that existed collapsed while"}, {"start": "00:07:22", "end": "00:07:27", "text": "stocks climbed higher. So obviously"}, {"start": "00:07:23", "end": "00:07:30", "text": "Bitcoin crypto they corrected first."}, {"start": "00:07:27", "end": "00:07:32", "text": "Then BTC did a slow grind upwards while"}, {"start": "00:07:30", "end": "00:07:35", "text": "stocks entered a bare market. When"}, {"start": "00:07:32", "end": "00:07:38", "text": "stocks aligned bullish with the famous"}, {"start": "00:07:35", "end": "00:07:40", "text": "2017 bull market. Like the content"}, {"start": "00:07:38", "end": "00:07:43", "text": "support the creator. I appreciate this"}, {"start": "00:07:40", "end": "00:07:45", "text": "information. So all this forming a"}, {"start": "00:07:43", "end": "00:07:48", "text": "launch pad to what could be a very"}, {"start": "00:07:45", "end": "00:07:50", "text": "bullish end of year into 2027 and"}, {"start": "00:07:48", "end": "00:07:52", "text": "because what I believe the altcoin daily"}, {"start": "00:07:50", "end": "00:07:55", "text": "army are smarter investors. We"}, {"start": "00:07:52", "end": "00:07:57", "text": "understand that technicals control price"}, {"start": "00:07:55", "end": "00:07:59", "text": "action in the short term while"}, {"start": "00:07:57", "end": "00:08:01", "text": "fundamentals help us determine where"}, {"start": "00:07:59", "end": "00:08:03", "text": "price action will be in the long term."}, {"start": "00:08:01", "end": "00:08:05", "text": "Long-term we understand wow the"}, {"start": "00:08:03", "end": "00:08:08", "text": "fundamentals fundamentals continue to"}, {"start": "00:08:05", "end": "00:08:11", "text": "improve price I would suspect is"}, {"start": "00:08:08", "end": "00:08:14", "text": "probably going a lot higher yet fund yet"}, {"start": "00:08:11", "end": "00:08:17", "text": "technicals look where we landed look"}, {"start": "00:08:14", "end": "00:08:19", "text": "where we landed as the price of stocks"}, {"start": "00:08:17", "end": "00:08:22", "text": "are plummeting Bitcoin retests and"}, {"start": "00:08:19", "end": "00:08:25", "text": "actually bounced right to not even a big"}, {"start": "00:08:22", "end": "00:08:29", "text": "bounce but magneted that it was a magnet"}, {"start": "00:08:25", "end": "00:08:31", "text": "right to that 50-day moving average if"}, {"start": "00:08:29", "end": "00:08:33", "text": "we were to break it right obviously the"}, {"start": "00:08:31", "end": "00:08:36", "text": "stock market falls, if if the Iran"}, {"start": "00:08:33", "end": "00:08:39", "text": "tensions heat up, um the next support is"}, {"start": "00:08:36", "end": "00:08:42", "text": "72,000. That would still be a higher"}, {"start": "00:08:39", "end": "00:08:44", "text": "low. link down below to follow along,"}, {"start": "00:08:42", "end": "00:08:47", "text": "take advantage of the bonuses, and like"}, {"start": "00:08:44", "end": "00:08:47", "text": "always, I will see you"}]

[{"start": "00:00:00", "end": "00:00:03", "text": "crypto doing so well. I think there's a"}, {"start": "00:00:02", "end": "00:00:06", "text": "lot of clues."}, {"start": "00:00:03", "end": "00:00:08", "text": ">> Crypto holders are wrong. You have to be"}, {"start": "00:00:06", "end": "00:00:12", "text": "crazy not to see what's happening right"}, {"start": "00:00:08", "end": "00:00:15", "text": "now. I mean, look how well Bitcoin is"}, {"start": "00:00:12", "end": "00:00:19", "text": "holding up. Watch today's whole video or"}, {"start": "00:00:15", "end": "00:00:23", "text": "risk forever in losing out on what comes"}, {"start": "00:00:19", "end": "00:00:27", "text": "next. Shorts got absolutely nuked last"}, {"start": "00:00:23", "end": "00:00:30", "text": "night. First to the upside, then to the"}, {"start": "00:00:27", "end": "00:00:32", "text": "downside. big shakeouts in the market"}, {"start": "00:00:30", "end": "00:00:36", "text": "right now. There are literally no more"}, {"start": "00:00:32", "end": "00:00:38", "text": "Ethereum longs left to liquidate all the"}, {"start": "00:00:36", "end": "00:00:41", "text": "way to $2,000. Of course, there are"}, {"start": "00:00:38", "end": "00:00:44", "text": "still some shorts to be liquidated on"}, {"start": "00:00:41", "end": "00:00:47", "text": "our way back up. I like this. So,"}, {"start": "00:00:44", "end": "00:00:50", "text": "understand that this is whales playing"}, {"start": "00:00:47", "end": "00:00:53", "text": "whale games, liquidating the shorts and"}, {"start": "00:00:50", "end": "00:00:56", "text": "the longs. The market just liquidated"}, {"start": "00:00:53", "end": "00:00:59", "text": "933 million in positions over the past"}, {"start": "00:00:56", "end": "00:01:03", "text": "24 hours. 780 million of it was longs"}, {"start": "00:00:59", "end": "00:01:05", "text": "while 151 million in shorts. We suspect"}, {"start": "00:01:03", "end": "00:01:08", "text": "more shorts will be liquidated if and"}, {"start": "00:01:05", "end": "00:01:11", "text": "when Bitcoin makes its way grinding"}, {"start": "00:01:08", "end": "00:01:13", "text": "higher because make no mistake about it"}, {"start": "00:01:11", "end": "00:01:17", "text": "everybody in traditional markets and"}, {"start": "00:01:13", "end": "00:01:20", "text": "crypto is worried is excessively"}, {"start": "00:01:17", "end": "00:01:22", "text": "pessimistic on what comes next. But"}, {"start": "00:01:20", "end": "00:01:26", "text": "crypto and how it's performing right now"}, {"start": "00:01:22", "end": "00:01:29", "text": "is a canary in the coal mine. The fact"}, {"start": "00:01:26", "end": "00:01:33", "text": "that crypto is holding up so well tells"}, {"start": "00:01:29", "end": "00:01:36", "text": "us that Q4 could be brighter than most"}, {"start": "00:01:33", "end": "00:01:39", "text": "investors anticipate. Listen, I think"}, {"start": "00:01:36", "end": "00:01:42", "text": "going into last week's jobs report, the"}, {"start": "00:01:39", "end": "00:01:44", "text": "market had been working with a maximum"}, {"start": "00:01:42", "end": "00:01:47", "text": "hawkish Fed, one that was going to raise"}, {"start": "00:01:44", "end": "00:01:50", "text": "three times, including a 75% chance of"}, {"start": "00:01:47", "end": "00:01:52", "text": "an October hike. This jobs report has"}, {"start": "00:01:50", "end": "00:01:54", "text": "been softer."}, {"start": "00:01:52", "end": "00:01:56", "text": "um we get an inflation report in two"}, {"start": "00:01:54", "end": "00:01:59", "text": "weeks for September."}, {"start": "00:01:56", "end": "00:02:01", "text": "It does in our view,"}, {"start": "00:01:59", "end": "00:02:03", "text": "we believe there's these one-offs"}, {"start": "00:02:01", "end": "00:02:05", "text": "rolling off and so I think there's over"}, {"start": "00:02:03", "end": "00:02:07", "text": "the next six months softer readings on"}, {"start": "00:02:05", "end": "00:02:09", "text": "inflation and that allows not only the"}, {"start": "00:02:07", "end": "00:02:11", "text": "Fed to kind of walk back from its"}, {"start": "00:02:09", "end": "00:02:13", "text": "hawkishness, but I think it's going to"}, {"start": "00:02:11", "end": "00:02:16", "text": "allow bond yields to actually sort of"}, {"start": "00:02:13", "end": "00:02:19", "text": "normalize because there the inflation"}, {"start": "00:02:16", "end": "00:02:21", "text": "sort of uncertainty starts to ease. And"}, {"start": "00:02:19", "end": "00:02:23", "text": "I think there's a lot of clues cuz I"}, {"start": "00:02:21", "end": "00:02:26", "text": "think tech stocks making new highs and"}, {"start": "00:02:23", "end": "00:02:29", "text": "crypto doing so well, these can't do"}, {"start": "00:02:26", "end": "00:02:30", "text": "well in the face of tightening monetary"}, {"start": "00:02:29", "end": "00:02:32", "text": "conditions. So I think that they're"}, {"start": "00:02:30", "end": "00:02:36", "text": "anticipating easier financial conditions"}, {"start": "00:02:32", "end": "00:02:40", "text": "ahead. So let's talk about where Bitcoin"}, {"start": "00:02:36", "end": "00:02:42", "text": "and crypto go next. First of all, more"}, {"start": "00:02:40", "end": "00:02:46", "text": "and more people are starting to realize"}, {"start": "00:02:42", "end": "00:02:49", "text": "this. The 4-year cycle, which defined"}, {"start": "00:02:46", "end": "00:02:53", "text": "Bitcoin's first 16 years, the 4-year"}, {"start": "00:02:49", "end": "00:02:56", "text": "cycle is dead. And the way Bitcoin is"}, {"start": "00:02:53", "end": "00:02:58", "text": "performing in this supposed bare market"}, {"start": "00:02:56", "end": "00:03:01", "text": "tells us everything we need to know."}, {"start": "00:02:58", "end": "00:03:04", "text": "Because the overwhelming majority of"}, {"start": "00:03:01", "end": "00:03:07", "text": "people still do not recognize that the"}, {"start": "00:03:04", "end": "00:03:08", "text": "bottom is in for this cycle. Why? Why do"}, {"start": "00:03:07", "end": "00:03:11", "text": "so many people think there are lower"}, {"start": "00:03:08", "end": "00:03:13", "text": "lows to go, maybe even later this month?"}, {"start": "00:03:11", "end": "00:03:17", "text": "Well, it's because compared to other"}, {"start": "00:03:13", "end": "00:03:19", "text": "cycles, some say we haven't seen real"}, {"start": "00:03:17", "end": "00:03:22", "text": "capitulation yet. Of course, Bitcoin"}, {"start": "00:03:19", "end": "00:03:26", "text": "dropping 50% to 58K, that felt pretty"}, {"start": "00:03:22", "end": "00:03:28", "text": "real to me, but I do think it's a huge"}, {"start": "00:03:26", "end": "00:03:32", "text": "mistake to think that Bitcoin will"}, {"start": "00:03:28", "end": "00:03:34", "text": "continue to follow a 4year cycle. And if"}, {"start": "00:03:32", "end": "00:03:37", "text": "it's not following a 4-year cycle,"}, {"start": "00:03:34", "end": "00:03:39", "text": "there's reason to suspect that this 50%"}, {"start": "00:03:37", "end": "00:03:43", "text": "correction here wasn't a bare market"}, {"start": "00:03:39", "end": "00:03:45", "text": "correction, but a midcycle correction."}, {"start": "00:03:43", "end": "00:03:47", "text": "What do you think? This is an open"}, {"start": "00:03:45", "end": "00:03:50", "text": "question right now. Is Bitcoin's"}, {"start": "00:03:47", "end": "00:03:53", "text": "performance this year just a midcycle"}, {"start": "00:03:50", "end": "00:03:55", "text": "correction? I think there's a strong"}, {"start": "00:03:53", "end": "00:03:59", "text": "case to be made that Bitcoin is on its"}, {"start": "00:03:55", "end": "00:04:02", "text": "way to 90K sooner rather than later."}, {"start": "00:03:59", "end": "00:04:05", "text": "What do you think? Is 90k in the cards"}, {"start": "00:04:02", "end": "00:04:08", "text": "or are you majorly pessimistic like so"}, {"start": "00:04:05", "end": "00:04:12", "text": "many? Take a look at this. Bitcoin in"}, {"start": "00:04:08", "end": "00:04:16", "text": "2026 is looking a lot like 2023 right"}, {"start": "00:04:12", "end": "00:04:18", "text": "before its big rally. If history rhymes,"}, {"start": "00:04:16", "end": "00:04:21", "text": "the real move might be ahead as"}, {"start": "00:04:18", "end": "00:04:23", "text": "everybody remains pessimistic. And to"}, {"start": "00:04:21", "end": "00:04:26", "text": "everyone who is still so bearish on"}, {"start": "00:04:23", "end": "00:04:29", "text": "Bitcoin this very second, what do you"}, {"start": "00:04:26", "end": "00:04:31", "text": "have to say about this? Bitcoin is still"}, {"start": "00:04:29", "end": "00:04:34", "text": "holding above its 50week exponential"}, {"start": "00:04:31", "end": "00:04:36", "text": "moving average, 50-week simple moving"}, {"start": "00:04:34", "end": "00:04:39", "text": "average, bull market support band, and"}, {"start": "00:04:36", "end": "00:04:41", "text": "its May highs. So far, buyers are in"}, {"start": "00:04:39", "end": "00:04:43", "text": "control as long as Bitcoin stays above"}, {"start": "00:04:41", "end": "00:04:46", "text": "80K, I'd say on the weekly time frame."}, {"start": "00:04:43", "end": "00:04:50", "text": "And if it does, another leg upwards"}, {"start": "00:04:46", "end": "00:04:53", "text": "towards 90K is looking likely. Bitcoin"}, {"start": "00:04:50", "end": "00:04:56", "text": "gearing up for another run like we saw"}, {"start": "00:04:53", "end": "00:04:59", "text": "back here is looking likely. Bitcoin"}, {"start": "00:04:56", "end": "00:05:02", "text": "bulls might be gearing up for another"}, {"start": "00:04:59", "end": "00:05:05", "text": "run. 80K support is holding and bullish"}, {"start": "00:05:02", "end": "00:05:09", "text": "RSI divergence is flashing the same"}, {"start": "00:05:05", "end": "00:05:13", "text": "signal we saw before September's rally,"}, {"start": "00:05:09", "end": "00:05:15", "text": "meaning 90K could very well be next. Of"}, {"start": "00:05:13", "end": "00:05:17", "text": "course, midterms are coming up. A lot of"}, {"start": "00:05:15", "end": "00:05:20", "text": "people are worried about that. But most"}, {"start": "00:05:17", "end": "00:05:23", "text": "people ignore the fact that the midterms"}, {"start": "00:05:20", "end": "00:05:25", "text": "bring in the nine most consistently"}, {"start": "00:05:23", "end": "00:05:28", "text": "profitable months in all of stock market"}, {"start": "00:05:25", "end": "00:05:30", "text": "history. There is no other period like"}, {"start": "00:05:28", "end": "00:05:31", "text": "it. Ken Fiser, legendary investor,"}, {"start": "00:05:30", "end": "00:05:34", "text": "explains this."}, {"start": "00:05:31", "end": "00:05:37", "text": ">> Will the midterm elections drive the"}, {"start": "00:05:34", "end": "00:05:39", "text": "next market rally?"}, {"start": "00:05:37", "end": "00:05:40", "text": "Let me just say, and I've been saying"}, {"start": "00:05:39", "end": "00:05:42", "text": "this for"}, {"start": "00:05:40", "end": "00:05:44", "text": "midterm after midterm after midterm"}, {"start": "00:05:42", "end": "00:05:47", "text": "after midterm,"}, {"start": "00:05:44", "end": "00:05:49", "text": "the midterms bring in the nine most"}, {"start": "00:05:47", "end": "00:05:51", "text": "consistently profitable months in all of"}, {"start": "00:05:49", "end": "00:05:55", "text": "stock market history. There is no other"}, {"start": "00:05:51", "end": "00:05:56", "text": "period like it. They quell legislative"}, {"start": "00:05:55", "end": "00:06:00", "text": "risk."}, {"start": "00:05:56", "end": "00:06:01", "text": "They make a quieter period. All major"}, {"start": "00:06:00", "end": "00:06:03", "text": "legislation and people don't think about"}, {"start": "00:06:01", "end": "00:06:06", "text": "it this way but it's true happens in the"}, {"start": "00:06:03", "end": "00:06:09", "text": "first two years of president's terms not"}, {"start": "00:06:06", "end": "00:06:11", "text": "the back two legislative risk falls"}, {"start": "00:06:09", "end": "00:06:15", "text": "markets like that there hasn't been a"}, {"start": "00:06:11", "end": "00:06:16", "text": "negative 9-month stretch fourth quarter"}, {"start": "00:06:15", "end": "00:06:19", "text": "of the year and the first two of the"}, {"start": "00:06:16", "end": "00:06:22", "text": "next year since the great depression and"}, {"start": "00:06:19", "end": "00:06:24", "text": "in the last 100 years those nine months"}, {"start": "00:06:22", "end": "00:06:27", "text": "have averaged 19.8% 8%."}, {"start": "00:06:24", "end": "00:06:30", "text": ">> And the way market trends turn from bare"}, {"start": "00:06:27", "end": "00:06:32", "text": "trend to bull trend is exactly like what"}, {"start": "00:06:30", "end": "00:06:34", "text": "we're seeing now. If we see that"}, {"start": "00:06:32", "end": "00:06:36", "text": "continuation, you know, don't be"}, {"start": "00:06:34", "end": "00:06:39", "text": "surprised for one final flush to scare"}, {"start": "00:06:36", "end": "00:06:42", "text": "the market before we see a a runup like"}, {"start": "00:06:39", "end": "00:06:45", "text": "this. This is very common in markets,"}, {"start": "00:06:42", "end": "00:06:47", "text": "especially as leverage gets flushed out."}, {"start": "00:06:45", "end": "00:06:51", "text": "And if that happens, if Bitcoin pulls"}, {"start": "00:06:47", "end": "00:06:53", "text": "back to the 200day moving average, I'll"}, {"start": "00:06:51", "end": "00:06:56", "text": "go all in. Well, at least that was a"}, {"start": "00:06:53", "end": "00:07:00", "text": "smart move back in 2023. In bull"}, {"start": "00:06:56", "end": "00:07:02", "text": "markets, dips are meant for buying. And"}, {"start": "00:07:00", "end": "00:07:04", "text": "of course, people who got rich in crypto"}, {"start": "00:07:02", "end": "00:07:07", "text": "are the ones that held through this"}, {"start": "00:07:04", "end": "00:07:10", "text": "volatility. Now, I don't know if 50 Cent"}, {"start": "00:07:07", "end": "00:07:11", "text": "held, but he just confirmed, and this"}, {"start": "00:07:10", "end": "00:07:15", "text": "was a rumor for a long time, that in"}, {"start": "00:07:11", "end": "00:07:18", "text": "2014 he accumulated 700 Bitcoin after"}, {"start": "00:07:15", "end": "00:07:20", "text": "accepting crypto for his concerts and"}, {"start": "00:07:18", "end": "00:07:23", "text": "album sales that year. I heard I heard a"}, {"start": "00:07:20", "end": "00:07:25", "text": "rumor that many years ago you got paid"}, {"start": "00:07:23", "end": "00:07:28", "text": "in Bitcoin for a show. Is this true?"}, {"start": "00:07:25", "end": "00:07:30", "text": ">> No, I did. I got paid in bit well"}, {"start": "00:07:28", "end": "00:07:33", "text": ">> in like 2014 or something like that."}, {"start": "00:07:30", "end": "00:07:35", "text": ">> Yeah, like for a project like one of the"}, {"start": "00:07:33", "end": "00:07:37", "text": "projects I was accepting Bitcoin too and"}, {"start": "00:07:35", "end": "00:07:40", "text": "then never really was like I was like yo"}, {"start": "00:07:37", "end": "00:07:42", "text": "yeah I'll do it like and then"}, {"start": "00:07:40", "end": "00:07:43", "text": "just thinking of different to do."}, {"start": "00:07:42", "end": "00:07:45", "text": ">> Mhm."}, {"start": "00:07:43", "end": "00:07:47", "text": ">> And that was a different way to involve"}, {"start": "00:07:45", "end": "00:07:49", "text": "people"}, {"start": "00:07:47", "end": "00:07:50", "text": "and get the engagement. Then later I was"}, {"start": "00:07:49", "end": "00:07:51", "text": "like, \"Oh I didn't even know"}, {"start": "00:07:50", "end": "00:07:53", "text": "that.\""}, {"start": "00:07:51", "end": "00:07:55", "text": ">> You just forgot about all that."}, {"start": "00:07:53", "end": "00:07:57", "text": ">> Yeah, cuz it was I'm like I'm counting"}, {"start": "00:07:55", "end": "00:07:58", "text": "the money that came back from the"}, {"start": "00:07:58", "end": "00:08:01", "text": ">> the Bitcoin was in somewhere else and it"}, {"start": "00:07:59", "end": "00:08:03", "text": "got lost in the shuffle with me and then"}, {"start": "00:08:01", "end": "00:08:05", "text": ">> later it popped up."}, {"start": "00:08:03", "end": "00:08:06", "text": ">> They they reported there was 700"}, {"start": "00:08:05", "end": "00:08:08", "text": "Bitcoin."}, {"start": "00:08:06", "end": "00:08:10", "text": ">> Yeah. Yeah. It was it was on 50ent,"}, {"start": "00:08:08", "end": "00:08:10", "text": "[laughter]"}, {"start": "00:08:10", "end": "00:08:15", "text": ">> you know, I try to stay in it. Another"}, {"start": "00:08:12", "end": "00:08:18", "text": "reason why the market is doing so well,"}, {"start": "00:08:15", "end": "00:08:21", "text": "Treasury buybacks like nothing we've"}, {"start": "00:08:18", "end": "00:08:25", "text": "ever seen. Fed Chair Kevin Worsh speaks"}, {"start": "00:08:21", "end": "00:08:28", "text": "tomorrow with the next FOMC rate cut or"}, {"start": "00:08:25", "end": "00:08:30", "text": "rate hike decision happening later this"}, {"start": "00:08:28", "end": "00:08:33", "text": "month. Now, there's a lot of reason why"}, {"start": "00:08:30", "end": "00:08:35", "text": "people think he's going to hike rates,"}, {"start": "00:08:33", "end": "00:08:37", "text": "but a month before the midterm"}, {"start": "00:08:35", "end": "00:08:39", "text": "elections, if there's ever a chance"}, {"start": "00:08:37", "end": "00:08:41", "text": "he'll just hold rates, I think that"}, {"start": "00:08:39", "end": "00:08:44", "text": "could happen. Certainly expect"}, {"start": "00:08:41", "end": "00:08:48", "text": "volatility around this. But remember"}, {"start": "00:08:44", "end": "00:08:51", "text": "when everyone got bearish post FOMC into"}, {"start": "00:08:48", "end": "00:08:54", "text": "range lows across all assets last time"}, {"start": "00:08:51", "end": "00:08:57", "text": "because mo rate hikes and then we ripped"}, {"start": "00:08:54", "end": "00:08:59", "text": "for 3 weeks straight. Surely not again."}, {"start": "00:08:57", "end": "00:09:01", "text": "I think Ethereum will outperform Bitcoin"}, {"start": "00:08:59", "end": "00:09:04", "text": "going forward. I mean, Ethereum remains"}, {"start": "00:09:01", "end": "00:09:07", "text": "the center of onchain activity and"}, {"start": "00:09:04", "end": "00:09:10", "text": "certainly there are a lot of quality"}, {"start": "00:09:07", "end": "00:09:12", "text": "altcoins doing well in crypto today that"}, {"start": "00:09:10", "end": "00:09:15", "text": "Wall Street and institutions are very"}, {"start": "00:09:12", "end": "00:09:17", "text": "much interested in. If crypto is dead,"}, {"start": "00:09:15", "end": "00:09:19", "text": "would we see things like this getting"}, {"start": "00:09:17", "end": "00:09:22", "text": "announced? Breaking news. Interactive"}, {"start": "00:09:19", "end": "00:09:25", "text": "Brokers with over 5.5 million client"}, {"start": "00:09:22", "end": "00:09:28", "text": "accounts officially launches ETH staking"}, {"start": "00:09:25", "end": "00:09:30", "text": "services. Massive. This is beyond"}, {"start": "00:09:28", "end": "00:09:33", "text": "massive for Ethereum. We are watching"}, {"start": "00:09:30", "end": "00:09:36", "text": "Ethereum become a stable a staple"}, {"start": "00:09:33", "end": "00:09:39", "text": "investment for millions of investors."}, {"start": "00:09:36", "end": "00:09:41", "text": "ETH being under 10K is insane to me."}, {"start": "00:09:39", "end": "00:09:43", "text": "With stocks moving on chain, with stable"}, {"start": "00:09:41", "end": "00:09:45", "text": "coin payments moving into the trillions"}, {"start": "00:09:43", "end": "00:09:47", "text": "of dollars on chain, RWA bringing"}, {"start": "00:09:45", "end": "00:09:50", "text": "billions on chain, companies launching"}, {"start": "00:09:47", "end": "00:09:52", "text": "L2s like Coinbase, Robin Hood, just way"}, {"start": "00:09:50", "end": "00:09:54", "text": "too many reasons why. I mean, I think"}, {"start": "00:09:52", "end": "00:09:56", "text": "it's so funny how bearish people are. I"}, {"start": "00:09:54", "end": "00:09:58", "text": "think this is obvious and will be"}, {"start": "00:09:56", "end": "00:10:00", "text": "obvious when this happens. But hey, if"}, {"start": "00:09:58", "end": "00:10:04", "text": "any of us could predict the future, we'd"}, {"start": "00:10:00", "end": "00:10:06", "text": "all be rich. Become a smarter crypto"}, {"start": "00:10:04", "end": "00:10:08", "text": "investor by staying informed. We produce"}, {"start": "00:10:06", "end": "00:10:10", "text": "one video every day, keeping you"}, {"start": "00:10:08", "end": "00:10:13", "text": "informed on everything. If you're"}, {"start": "00:10:10", "end": "00:10:15", "text": "interested in making money in crypto, we"}, {"start": "00:10:13", "end": "00:10:17", "text": "are the number one crypto channel in the"}, {"start": "00:10:15", "end": "00:10:19", "text": "US, top three around the world."}, {"start": "00:10:17", "end": "00:10:22", "text": "Subscribe to us and you know, it's it's"}, {"start": "00:10:19", "end": "00:10:24", "text": "turning into a big month. So stay in"}, {"start": "00:10:22", "end": "00:10:26", "text": "tune. My name is Aaron. See you"}, {"start": "00:10:24", "end": "00:10:26", "text": "tomorrow, my friends."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "When you tokenize something, it doesn't"}, {"start": "00:00:01", "end": "00:00:06", "text": "automatically push the price of that"}, {"start": "00:00:03", "end": "00:00:10", "text": "asset up by that exact dollar amount, by"}, {"start": "00:00:06", "end": "00:00:13", "text": "that much. What it does do is [music]"}, {"start": "00:00:10", "end": "00:00:15", "text": "number one, it grows the network, right?"}, {"start": "00:00:13", "end": "00:00:17", "text": "As the DTCC"}, {"start": "00:00:15", "end": "00:00:19", "text": "gets involved,"}, {"start": "00:00:17", "end": "00:00:20", "text": "they they have a huge network effect."}, {"start": "00:00:19", "end": "00:00:22", "text": "They have a huge global client base."}, {"start": "00:00:20", "end": "00:00:24", "text": "They're going to bring more users onto"}, {"start": "00:00:22", "end": "00:00:27", "text": "Salana. They're all transacting in"}, {"start": "00:00:24", "end": "00:00:30", "text": "Solana, settling in Solana, and burning"}, {"start": "00:00:27", "end": "00:00:33", "text": "fees, right? burning fees that will push"}, {"start": "00:00:30", "end": "00:00:37", "text": "the price up. Another thing tokenization"}, {"start": "00:00:33", "end": "00:00:40", "text": "does is those networks that join the"}, {"start": "00:00:37", "end": "00:00:42", "text": "program that puts a crypto wallet in the"}, {"start": "00:00:40", "end": "00:00:45", "text": "pockets of every single one of those"}, {"start": "00:00:42", "end": "00:00:48", "text": "industry industrial [music] entities."}, {"start": "00:00:45", "end": "00:00:50", "text": "All of a sudden, your bank, Wells Fargo,"}, {"start": "00:00:48", "end": "00:00:53", "text": "JP Morgan Chase, whatever, all of a"}, {"start": "00:00:50", "end": "00:00:55", "text": "sudden your bank is incentivized to give"}, {"start": "00:00:53", "end": "00:00:57", "text": "crypto wallets to every single one of"}, {"start": "00:00:55", "end": "00:00:59", "text": "their hundreds of millions of clientele."}, {"start": "00:00:57", "end": "00:01:02", "text": "Not because they suddenly like Bitcoin,"}, {"start": "00:00:59", "end": "00:01:03", "text": "they suddenly like Ethereum, but they"}, {"start": "00:01:02", "end": "00:01:06", "text": "definitely see the value of"}, {"start": "00:01:03", "end": "00:01:08", "text": "tokenization. They want more asset value"}, {"start": "00:01:06", "end": "00:01:11", "text": "under their management. And thus the"}, {"start": "00:01:08", "end": "00:01:13", "text": "network grows and thus the crypto market"}, {"start": "00:01:11", "end": "00:01:13", "text": "grows."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Here is the real reason Bitcoin is"}, {"start": "00:00:02", "end": "00:00:06", "text": "dumping. The crypto market is following."}, {"start": "00:00:04", "end": "00:00:08", "text": "And it's not for the reason you think."}, {"start": "00:00:06", "end": "00:00:10", "text": "Watch today's whole video so you"}, {"start": "00:00:08", "end": "00:00:14", "text": "understand everything about what comes"}, {"start": "00:00:10", "end": "00:00:17", "text": "next. Because as of today, US September"}, {"start": "00:00:14", "end": "00:00:19", "text": "CPI, that's inflation comes in hot,"}, {"start": "00:00:17", "end": "00:00:22", "text": "sending Bitcoin sharply lower."}, {"start": "00:00:19", "end": "00:00:24", "text": "Basically, this news put rate hikes into"}, {"start": "00:00:22", "end": "00:00:27", "text": "play. If inflation is increasing, and"}, {"start": "00:00:24", "end": "00:00:30", "text": "it's increasing a lot, September CPI"}, {"start": "00:00:27", "end": "00:00:34", "text": "inflation rises to 3.7 above"}, {"start": "00:00:30", "end": "00:00:38", "text": "expectations of 3.6. Core CPI inflation"}, {"start": "00:00:34", "end": "00:00:42", "text": "rises to 2.6, also above expectations of"}, {"start": "00:00:38", "end": "00:00:45", "text": "2.5. This officially marks the third"}, {"start": "00:00:42", "end": "00:00:48", "text": "highest US inflation reading since"}, {"start": "00:00:45", "end": "00:00:50", "text": "September of 2023. So, all markets"}, {"start": "00:00:48", "end": "00:00:54", "text": "dumped on this news. It wasn't just"}, {"start": "00:00:50", "end": "00:00:57", "text": "crypto. The S&P 500 officially posts its"}, {"start": "00:00:54", "end": "00:01:01", "text": "worst today since July 29th, erasing"}, {"start": "00:00:57", "end": "00:01:03", "text": "$800 billion of market cap. Inflation is"}, {"start": "00:01:01", "end": "00:01:05", "text": "rising again in the US, now nearly"}, {"start": "00:01:03", "end": "00:01:08", "text": "double the Fed's long-term target."}, {"start": "00:01:05", "end": "00:01:12", "text": "Meaning it's nearly 4% when the Fed's"}, {"start": "00:01:08", "end": "00:01:14", "text": "long-term target is 2%. But was that the"}, {"start": "00:01:12", "end": "00:01:16", "text": "real reason that the crypto market"}, {"start": "00:01:14", "end": "00:01:18", "text": "started to correct? We know cryptocoin"}, {"start": "00:01:16", "end": "00:01:22", "text": "Algarand is dipping because leadership"}, {"start": "00:01:18", "end": "00:01:26", "text": "is leaving in droves. Algrand Foundation"}, {"start": "00:01:22", "end": "00:01:29", "text": "just lost its third seuite executive in"}, {"start": "00:01:26", "end": "00:01:33", "text": "six weeks. So their CEO Stacy Warden is"}, {"start": "00:01:29", "end": "00:01:35", "text": "out. Their CTO Bruno Martins's gone and"}, {"start": "00:01:33", "end": "00:01:38", "text": "chief strategy and marketing officer"}, {"start": "00:01:35", "end": "00:01:40", "text": "Mark V resigned today. What do they"}, {"start": "00:01:38", "end": "00:01:41", "text": "know? I think I mean Algrand is still"}, {"start": "00:01:40", "end": "00:01:44", "text": "alive. Hopefully they get new leadership"}, {"start": "00:01:41", "end": "00:01:47", "text": "and they continue to do well. But as of"}, {"start": "00:01:44", "end": "00:01:50", "text": "now, to me, Algrand was, as they say,"}, {"start": "00:01:47", "end": "00:01:52", "text": "neither fish nor fowl. Meaning, Algrand"}, {"start": "00:01:50", "end": "00:01:54", "text": "was sort of in the messy middle. Again,"}, {"start": "00:01:52", "end": "00:01:56", "text": "this is just my opinion. And when I say"}, {"start": "00:01:54", "end": "00:01:57", "text": "middle, I mean you're either a"}, {"start": "00:01:56", "end": "00:02:00", "text": "generalurpose"}, {"start": "00:01:57", "end": "00:02:02", "text": "public blockchain for everybody. That's"}, {"start": "00:02:00", "end": "00:02:06", "text": "Ethereum. That's Solana. They're general"}, {"start": "00:02:02", "end": "00:02:08", "text": "purpose for everything, everybody. or"}, {"start": "00:02:06", "end": "00:02:10", "text": "you're a specific blockchain hitting a"}, {"start": "00:02:08", "end": "00:02:13", "text": "specific niche as Near is positioning"}, {"start": "00:02:10", "end": "00:02:15", "text": "themselves in for AI or as Bitensor is"}, {"start": "00:02:13", "end": "00:02:18", "text": "position positioning themselves in for"}, {"start": "00:02:15", "end": "00:02:19", "text": "AI. You're either winning in general"}, {"start": "00:02:18", "end": "00:02:22", "text": "purpose or you're winning in your"}, {"start": "00:02:19", "end": "00:02:25", "text": "specific niche. We also know infamous"}, {"start": "00:02:22", "end": "00:02:28", "text": "crypto personality and project founder"}, {"start": "00:02:25", "end": "00:02:31", "text": "Richard Hart has reportedly been"}, {"start": "00:02:28", "end": "00:02:34", "text": "arrested. If you were in crypto for"}, {"start": "00:02:31", "end": "00:02:36", "text": "five, six years ago, you know him. He"}, {"start": "00:02:34", "end": "00:02:39", "text": "was ostentatious. He believed in luxury"}, {"start": "00:02:36", "end": "00:02:41", "text": "and he would live stream to suggest his"}, {"start": "00:02:39", "end": "00:02:43", "text": "crypto that he founded would be bigger"}, {"start": "00:02:41", "end": "00:02:46", "text": "than anything. They're getting him on"}, {"start": "00:02:43", "end": "00:02:50", "text": "tax fraud. And officers seized tons of"}, {"start": "00:02:46", "end": "00:02:52", "text": "mobile phones, tons of luxury jewelry"}, {"start": "00:02:50", "end": "00:02:55", "text": "and watches. This is the footage"}, {"start": "00:02:52", "end": "00:02:57", "text": "circling today, even though they blur"}, {"start": "00:02:55", "end": "00:03:00", "text": "out what seemingly is Richard's face."}, {"start": "00:02:57", "end": "00:03:02", "text": "Again, official confirmation remains"}, {"start": "00:03:00", "end": "00:03:05", "text": "pending. And that brings us to the real"}, {"start": "00:03:02", "end": "00:03:06", "text": "reason crypto is actually dipping. It"}, {"start": "00:03:05", "end": "00:03:08", "text": "comes down to this and this is what the"}, {"start": "00:03:06", "end": "00:03:10", "text": "mainstream media will not share with"}, {"start": "00:03:08", "end": "00:03:14", "text": "you. That the primary reason that"}, {"start": "00:03:10", "end": "00:03:17", "text": "inflation is up is largely due to oil"}, {"start": "00:03:14", "end": "00:03:19", "text": "prices. So yes, CPI inflation is up to"}, {"start": "00:03:17", "end": "00:03:21", "text": "3.7%."}, {"start": "00:03:19", "end": "00:03:25", "text": "But inflation is actually much much"}, {"start": "00:03:21", "end": "00:03:27", "text": "higher in a few crucial categories. Most"}, {"start": "00:03:25", "end": "00:03:31", "text": "all of them have to do with oil. So,"}, {"start": "00:03:27", "end": "00:03:34", "text": "fuel oil inflation up 72%. Gasoline"}, {"start": "00:03:31", "end": "00:03:36", "text": "inflation up 34%. Fruits and vegetables"}, {"start": "00:03:34", "end": "00:03:40", "text": "because you have to transport them up"}, {"start": "00:03:36", "end": "00:03:43", "text": "3.7%. So, what does this mean? It means"}, {"start": "00:03:40", "end": "00:03:46", "text": "yes, the Federal Reserve can raise rates"}, {"start": "00:03:43", "end": "00:03:48", "text": "to prevent inflation, but the Federal"}, {"start": "00:03:46", "end": "00:03:51", "text": "Reserve can't open the straight of four"}, {"start": "00:03:48", "end": "00:03:54", "text": "moves. They can't make oil cheaper by"}, {"start": "00:03:51", "end": "00:03:57", "text": "raising rates. Bitcoin and crypto dipped"}, {"start": "00:03:54", "end": "00:04:00", "text": "because of a scare. But the fundamentals"}, {"start": "00:03:57", "end": "00:04:04", "text": "and the reason why Bitcoin exists as the"}, {"start": "00:04:00", "end": "00:04:06", "text": "debasement trade as a finite supply that"}, {"start": "00:04:04", "end": "00:04:08", "text": "cannot be printed more of you cannot"}, {"start": "00:04:06", "end": "00:04:10", "text": "inflate the Bitcoin supply more. This"}, {"start": "00:04:08", "end": "00:04:12", "text": "dip is a buying opportunity. And by the"}, {"start": "00:04:10", "end": "00:04:16", "text": "way, I will say we could go lower,"}, {"start": "00:04:12", "end": "00:04:16", "text": "right? If you go up"}, {"start": "00:04:17", "end": "00:04:22", "text": "50% in a couple months, we could correct"}, {"start": "00:04:21", "end": "00:04:25", "text": "back to these support levels. The two"}, {"start": "00:04:22", "end": "00:04:27", "text": "support levels I have around 77,000"}, {"start": "00:04:25", "end": "00:04:29", "text": "77,200"}, {"start": "00:04:27", "end": "00:04:32", "text": "as well as 72,000."}, {"start": "00:04:29", "end": "00:04:35", "text": "Both of them would still be a higher"}, {"start": "00:04:32", "end": "00:04:37", "text": "low, a higher low. And corrections are"}, {"start": "00:04:35", "end": "00:04:39", "text": "healthy in a bull market. We also know"}, {"start": "00:04:37", "end": "00:04:41", "text": "that these preipo companies, they're not"}, {"start": "00:04:39", "end": "00:04:43", "text": "public yet, but they're going to be"}, {"start": "00:04:41", "end": "00:04:45", "text": "public. And I believe they're going to"}, {"start": "00:04:43", "end": "00:04:47", "text": "be huge. They're stealing some mind"}, {"start": "00:04:45", "end": "00:04:49", "text": "share from crypto. I'm actually looking"}, {"start": "00:04:47", "end": "00:04:51", "text": "at the price of Anthropic right now on"}, {"start": "00:04:49", "end": "00:04:54", "text": "liquid exchange. They're a channel"}, {"start": "00:04:51", "end": "00:04:56", "text": "sponsor. They're non-custodial. They're"}, {"start": "00:04:54", "end": "00:04:58", "text": "non-KYC. You're trading on a"}, {"start": "00:04:56", "end": "00:05:01", "text": "decentralized exchange. And for those of"}, {"start": "00:04:58", "end": "00:05:04", "text": "you who want access to preIPO companies,"}, {"start": "00:05:01", "end": "00:05:07", "text": "whether it's OpenAI, Anthropic, also"}, {"start": "00:05:04", "end": "00:05:10", "text": "crypto markets, the stock market, highly"}, {"start": "00:05:07", "end": "00:05:12", "text": "recommend you get in early, set up your"}, {"start": "00:05:10", "end": "00:05:15", "text": "trades, and just because you're a part"}, {"start": "00:05:12", "end": "00:05:19", "text": "of the altcoin daily community, deposit"}, {"start": "00:05:15", "end": "00:05:23", "text": "$100 and get a $25 bonus plus 10% off"}, {"start": "00:05:19", "end": "00:05:25", "text": "all fees lifetime. Sign up now. Link"}, {"start": "00:05:23", "end": "00:05:27", "text": "down below. And this is a very big"}, {"start": "00:05:25", "end": "00:05:29", "text": "reason why Bitcoin and the crypto market"}, {"start": "00:05:27", "end": "00:05:32", "text": "are getting much bigger."}, {"start": "00:05:29", "end": "00:05:33", "text": ">> This is Bitcoin or or you know crypto"}, {"start": "00:05:32", "end": "00:05:35", "text": "going mainstream."}, {"start": "00:05:33", "end": "00:05:38", "text": ">> I really got a lot of value from this"}, {"start": "00:05:35", "end": "00:05:42", "text": "clip on Bitcoin Magazine TV. $50 billion"}, {"start": "00:05:38", "end": "00:05:44", "text": "asset under management Wellington Altus."}, {"start": "00:05:42", "end": "00:05:47", "text": "Their chief marketing strategist just"}, {"start": "00:05:44", "end": "00:05:50", "text": "said the quiet part out loud. Yes, a"}, {"start": "00:05:47", "end": "00:05:54", "text": "super cycle with crypto is coming. same"}, {"start": "00:05:50", "end": "00:05:56", "text": "trade as when China was accepted into"}, {"start": "00:05:54", "end": "00:05:59", "text": "the World Trade Organization and"}, {"start": "00:05:56", "end": "00:06:00", "text": "commodities entered a super cycle."}, {"start": "00:05:59", "end": "00:06:02", "text": "Listen, then I want to react."}, {"start": "00:06:00", "end": "00:06:04", "text": ">> Well, James, I do want to pivot to"}, {"start": "00:06:02", "end": "00:06:06", "text": "Bitcoin here because you've written a"}, {"start": "00:06:04", "end": "00:06:09", "text": "few times about Bitcoin entering a"}, {"start": "00:06:06", "end": "00:06:11", "text": "generational super cycle. What makes you"}, {"start": "00:06:09", "end": "00:06:13", "text": "think that's the case rather than"}, {"start": "00:06:11", "end": "00:06:17", "text": "another standard bull run? What looks"}, {"start": "00:06:13", "end": "00:06:19", "text": "different to you this time?"}, {"start": "00:06:17", "end": "00:06:21", "text": "Well, you know, I the thing I've got is"}, {"start": "00:06:19", "end": "00:06:24", "text": "I've survived, right? I've survived"}, {"start": "00:06:21", "end": "00:06:27", "text": "cycles. And so, so, you know, my parents"}, {"start": "00:06:24", "end": "00:06:29", "text": "are American. I grew up in Toronto. Uh,"}, {"start": "00:06:27", "end": "00:06:32", "text": "and then I went to the States a couple"}, {"start": "00:06:29", "end": "00:06:35", "text": "of decades ago. And when I got there,"}, {"start": "00:06:32", "end": "00:06:37", "text": "when you enter the business up here, um,"}, {"start": "00:06:35", "end": "00:06:38", "text": "you you you learn how to trade in rocks,"}, {"start": "00:06:37", "end": "00:06:41", "text": "trees, and water, like materials, and"}, {"start": "00:06:38", "end": "00:06:43", "text": "resources. That's basically, you know,"}, {"start": "00:06:41", "end": "00:06:45", "text": "until Trudeau got into power. That's"}, {"start": "00:06:43", "end": "00:06:47", "text": "that was our competitive advantage. So"}, {"start": "00:06:45", "end": "00:06:49", "text": "hence I go down to the United States."}, {"start": "00:06:47", "end": "00:06:51", "text": "I'm in Park Avenue and Goldman walks in"}, {"start": "00:06:49", "end": "00:06:53", "text": "and basically pitches the brick trade to"}, {"start": "00:06:51", "end": "00:06:56", "text": "us and says China's entering the World"}, {"start": "00:06:53", "end": "00:06:58", "text": "Trade Organization. They're going to be"}, {"start": "00:06:56", "end": "00:07:02", "text": "urbanizing and that's going to change"}, {"start": "00:06:58", "end": "00:07:04", "text": "commodity. So commodities didn't change."}, {"start": "00:07:02", "end": "00:07:08", "text": "The market structure around it changed"}, {"start": "00:07:04", "end": "00:07:10", "text": "and we had a super cycle. Bitcoin and"}, {"start": "00:07:08", "end": "00:07:13", "text": "Ethereum, I'll just use those as saying"}, {"start": "00:07:10", "end": "00:07:17", "text": "thing. The market structure around them"}, {"start": "00:07:13", "end": "00:07:20", "text": "is changing, right? The the Genius Act,"}, {"start": "00:07:17", "end": "00:07:23", "text": "stable coins, tokenization."}, {"start": "00:07:20", "end": "00:07:26", "text": "So, we are going to put the global"}, {"start": "00:07:23", "end": "00:07:28", "text": "financial system on the chain on chain"}, {"start": "00:07:26", "end": "00:07:30", "text": "and Bitcoin and Ethereum are going to be"}, {"start": "00:07:28", "end": "00:07:32", "text": "part of it. So, it's no longer this"}, {"start": "00:07:30", "end": "00:07:35", "text": "libertarian"}, {"start": "00:07:32", "end": "00:07:39", "text": "point of view of who owns it. So in that"}, {"start": "00:07:35", "end": "00:07:42", "text": "essence, this is Bitcoin or or you know,"}, {"start": "00:07:39", "end": "00:07:45", "text": "crypto going mainstream. I don't and and"}, {"start": "00:07:42", "end": "00:07:48", "text": "to be clear, two decades ago, you sit"}, {"start": "00:07:45", "end": "00:07:50", "text": "there in New York and go, \"Oh my gosh,"}, {"start": "00:07:48", "end": "00:07:52", "text": "we should just buy 10% energy and then"}, {"start": "00:07:50", "end": "00:07:56", "text": "the and then the passive guys are just"}, {"start": "00:07:52", "end": "00:07:58", "text": "going to have to follow along, right?\""}, {"start": "00:07:56", "end": "00:08:01", "text": "This is the same thing. People do not"}, {"start": "00:07:58", "end": "00:08:03", "text": "understand what's in front of them. You"}, {"start": "00:08:01", "end": "00:08:06", "text": "know what I mean? So this thing I don't"}, {"start": "00:08:03", "end": "00:08:08", "text": "know where it's going to go. I think"}, {"start": "00:08:06", "end": "00:08:11", "text": "yeah pain trades due north. We've never"}, {"start": "00:08:08", "end": "00:08:15", "text": "seen an asset that doesn't have a supply"}, {"start": "00:08:11", "end": "00:08:17", "text": "response here with perfect scarcity."}, {"start": "00:08:15", "end": "00:08:21", "text": "But what we do know is that the market"}, {"start": "00:08:17", "end": "00:08:24", "text": "structure is significantly changing as"}, {"start": "00:08:21", "end": "00:08:25", "text": "did the market structure for commodities"}, {"start": "00:08:24", "end": "00:08:28", "text": "way back when. And then here's the"}, {"start": "00:08:25", "end": "00:08:31", "text": "bizarre point. Back two decades ago,"}, {"start": "00:08:28", "end": "00:08:32", "text": "there were artic nobody owned nobody"}, {"start": "00:08:31", "end": "00:08:34", "text": "owned"}, {"start": "00:08:32", "end": "00:08:37", "text": "commodities and then we had pieces of"}, {"start": "00:08:34", "end": "00:08:39", "text": "information coming out or reports saying"}, {"start": "00:08:37", "end": "00:08:42", "text": "if you put two to 5% of the of"}, {"start": "00:08:39", "end": "00:08:45", "text": "commodities in your portfolio, your"}, {"start": "00:08:42", "end": "00:08:47", "text": "sharp ratio, your risk adjusted return"}, {"start": "00:08:45", "end": "00:08:51", "text": "would increase. It's exactly what's"}, {"start": "00:08:47", "end": "00:08:53", "text": "happening with Bitcoin. So I you know I"}, {"start": "00:08:51", "end": "00:08:55", "text": "used to have I used to have hair. I"}, {"start": "00:08:53", "end": "00:08:59", "text": "don't anymore, but I've seen this trade"}, {"start": "00:08:55", "end": "00:09:02", "text": "before. Right. It's the same trade."}, {"start": "00:08:59", "end": "00:09:05", "text": "We're early. We're going to absorb it."}, {"start": "00:09:02", "end": "00:09:09", "text": "We're going to embrace it. Nobody's"}, {"start": "00:09:05", "end": "00:09:12", "text": "there. Nobody's there. It's a different"}, {"start": "00:09:09", "end": "00:09:15", "text": "cohort. And you know, right now on a"}, {"start": "00:09:12", "end": "00:09:17", "text": "technical basis, it looks great. I mean,"}, {"start": "00:09:15", "end": "00:09:19", "text": "is it going to chart around? I mean I"}, {"start": "00:09:17", "end": "00:09:21", "text": "mean I can't believe there are people"}, {"start": "00:09:19", "end": "00:09:24", "text": "still whipping this thing around between"}, {"start": "00:09:21", "end": "00:09:26", "text": "83 and 86, right? But that's what the"}, {"start": "00:09:24", "end": "00:09:28", "text": "younger guy, okay, go ahead, knock"}, {"start": "00:09:26", "end": "00:09:30", "text": "yourself out. The trade is once you"}, {"start": "00:09:28", "end": "00:09:33", "text": "break through, this thing's going to go"}, {"start": "00:09:30", "end": "00:09:35", "text": "do north really fast and nobody's there."}, {"start": "00:09:33", "end": "00:09:39", "text": "And the thing you've got to get is"}, {"start": "00:09:35", "end": "00:09:42", "text": "narrative follows price. So I don't"}, {"start": "00:09:39", "end": "00:09:46", "text": "think Wall Street, the investors are"}, {"start": "00:09:42", "end": "00:09:50", "text": "ready for it. It's not rat poison. And"}, {"start": "00:09:46", "end": "00:09:52", "text": "yes, the market structure is changing."}, {"start": "00:09:50", "end": "00:09:54", "text": "It's as profound as China getting into"}, {"start": "00:09:52", "end": "00:09:57", "text": "the World Trade Organization."}, {"start": "00:09:54", "end": "00:09:59", "text": "So, the four-year cycle is done. As far"}, {"start": "00:09:57", "end": "00:10:03", "text": "as I'm concerned, the the having cycle"}, {"start": "00:09:59", "end": "00:10:06", "text": "and where this goes, you know, I I I"}, {"start": "00:10:03", "end": "00:10:08", "text": "focus on, you know, Bitcoin and"}, {"start": "00:10:06", "end": "00:10:11", "text": "Ethereum. Um, and the reason I do is"}, {"start": "00:10:08", "end": "00:10:14", "text": "because I I I go I go back to like, you"}, {"start": "00:10:11", "end": "00:10:16", "text": "know, we talk about Google, right? Um,"}, {"start": "00:10:14", "end": "00:10:18", "text": "you know, when Google"}, {"start": "00:10:16", "end": "00:10:21", "text": "went did its IPO. There were other"}, {"start": "00:10:18", "end": "00:10:23", "text": "search engines like Ash Jeves and"}, {"start": "00:10:21", "end": "00:10:26", "text": "Dogpile and there was this massive"}, {"start": "00:10:23", "end": "00:10:28", "text": "argument well it may not be the best but"}, {"start": "00:10:26", "end": "00:10:31", "text": "the thing the lesson you learn around"}, {"start": "00:10:28", "end": "00:10:34", "text": "Google was wall street coalesed around"}, {"start": "00:10:31", "end": "00:10:36", "text": "it. Wall Street is coalesing around"}, {"start": "00:10:34", "end": "00:10:39", "text": "Bitcoin and Ether. So for the"}, {"start": "00:10:36", "end": "00:10:41", "text": "traditional investors, they should think"}, {"start": "00:10:39", "end": "00:10:43", "text": "about having three to five percent of"}, {"start": "00:10:41", "end": "00:10:46", "text": "their portfolio"}, {"start": "00:10:43", "end": "00:10:50", "text": "in in it and and and in Bitcoin or"}, {"start": "00:10:46", "end": "00:10:54", "text": "Ethereum and as as of from there, you"}, {"start": "00:10:50", "end": "00:10:56", "text": "know, where does this go? God only"}, {"start": "00:10:54", "end": "00:10:58", "text": "knows. God only knows. But it's due"}, {"start": "00:10:56", "end": "00:11:00", "text": "north. So again, there will be dips."}, {"start": "00:10:58", "end": "00:11:03", "text": "There will be news articles saying"}, {"start": "00:11:00", "end": "00:11:05", "text": "crypto's done. It was a fluke this pump."}, {"start": "00:11:03", "end": "00:11:08", "text": "But we understand something the market"}, {"start": "00:11:05", "end": "00:11:10", "text": "doesn't. This space is getting so much"}, {"start": "00:11:08", "end": "00:11:13", "text": "bigger. Looking at the Bitcoin chart on"}, {"start": "00:11:10", "end": "00:11:15", "text": "Liquid, again, if you're using leverage,"}, {"start": "00:11:13", "end": "00:11:18", "text": "you can go up to 40x leverage. With"}, {"start": "00:11:15", "end": "00:11:21", "text": "Bitcoin, I prefer a reasonable 5x. I"}, {"start": "00:11:18", "end": "00:11:23", "text": "prefer a limit order over a market order"}, {"start": "00:11:21", "end": "00:11:27", "text": "because what's a limit order? Limit"}, {"start": "00:11:23", "end": "00:11:29", "text": "order allows the price to come to me. If"}, {"start": "00:11:27", "end": "00:11:32", "text": "we do get another leg down, say we"}, {"start": "00:11:29", "end": "00:11:34", "text": "retest these local lows of about 81,000,"}, {"start": "00:11:32", "end": "00:11:38", "text": "maybe we hit my reaccumulation points,"}, {"start": "00:11:34", "end": "00:11:41", "text": "which to me would be closer to 72,000 or"}, {"start": "00:11:38", "end": "00:11:42", "text": "76,000. Let the price come to you. If it"}, {"start": "00:11:41", "end": "00:11:44", "text": "never comes, you never have to enter the"}, {"start": "00:11:42", "end": "00:11:47", "text": "market, but let the price come to you."}, {"start": "00:11:44", "end": "00:11:50", "text": "Limit order is how I choose to trade"}, {"start": "00:11:47", "end": "00:11:53", "text": "again. Grab a $25 deposit bonus and 10%"}, {"start": "00:11:50", "end": "00:11:56", "text": "off fees forever. Link below. Follow"}, {"start": "00:11:53", "end": "00:11:56", "text": "with me."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "This is a massive warning for all crypto"}, {"start": "00:00:02", "end": "00:00:08", "text": "investors heading into 2027."}, {"start": "00:00:05", "end": "00:00:11", "text": "Legitimately, if you hold crypto, a"}, {"start": "00:00:08", "end": "00:00:13", "text": "substantial part of your portfolio is"}, {"start": "00:00:11", "end": "00:00:15", "text": "cryptocurrency, and you're hearing all"}, {"start": "00:00:13", "end": "00:00:16", "text": "these phrases like biggest bull run"}, {"start": "00:00:15", "end": "00:00:18", "text": "ever,"}, {"start": "00:00:16", "end": "00:00:20", "text": "crypto can still make you [music] rich,"}, {"start": "00:00:18", "end": "00:00:21", "text": "this is your opportunity,"}, {"start": "00:00:20", "end": "00:00:23", "text": "and you don't understand what in my"}, {"start": "00:00:21", "end": "00:00:26", "text": "opinion is the single greatest risk,"}, {"start": "00:00:23", "end": "00:00:28", "text": "which is very possible, no other channel"}, {"start": "00:00:26", "end": "00:00:31", "text": "by the way is speaking about this, I"}, {"start": "00:00:28", "end": "00:00:33", "text": "will. The biggest single risk to crypto"}, {"start": "00:00:31", "end": "00:00:36", "text": "is regulatory capture."}, {"start": "00:00:33", "end": "00:00:38", "text": "Meaning as companies and institutions"}, {"start": "00:00:36", "end": "00:00:39", "text": "enter the space, they're going to build"}, {"start": "00:00:38", "end": "00:00:42", "text": "a moat around them. They're [music]"}, {"start": "00:00:39", "end": "00:00:44", "text": "going to stifle DeFi so they can build"}, {"start": "00:00:42", "end": "00:00:46", "text": "the products, they can make the money,"}, {"start": "00:00:44", "end": "00:00:47", "text": "because I mean the argument would be why"}, {"start": "00:00:46", "end": "00:00:49", "text": "do they want a decentralized protocol"}, {"start": "00:00:47", "end": "00:00:50", "text": "like Uniswap"}, {"start": "00:00:49", "end": "00:00:52", "text": "making the money? They'd rather build"}, {"start": "00:00:50", "end": "00:00:53", "text": "their own, right? They're not going to"}, {"start": "00:00:52", "end": "00:00:55", "text": "have the network effect, they're not"}, {"start": "00:00:53", "end": "00:00:57", "text": "going to have the liquidity, but they'll"}, {"start": "00:00:55", "end": "00:00:58", "text": "quell the innovation until they can get"}, {"start": "00:00:57", "end": "00:00:58", "text": "control,"}, {"start": "00:00:58", "end": "00:01:01", "text": ">> [music]"}, {"start": "00:00:58", "end": "00:01:02", "text": ">> and let me give you a nuanced opinion of"}, {"start": "00:01:01", "end": "00:01:03", "text": "that."}, {"start": "00:01:02", "end": "00:01:03", "text": "Bitcoin will be fine."}, {"start": "00:01:03", "end": "00:01:06", "text": ">> [music]"}, {"start": "00:01:03", "end": "00:01:08", "text": ">> Bitcoin is institutionalized."}, {"start": "00:01:06", "end": "00:01:09", "text": "I would also say a community public"}, {"start": "00:01:08", "end": "00:01:11", "text": "blockchain, general purpose blockchain"}, {"start": "00:01:09", "end": "00:01:13", "text": "like Ethereum, that's the second biggest"}, {"start": "00:01:11", "end": "00:01:14", "text": "one, that's sort of grandfathered in,"}, {"start": "00:01:13", "end": "00:01:16", "text": "that will be fine. [music]"}, {"start": "00:01:14", "end": "00:01:17", "text": "Those are already institutionalized"}, {"start": "00:01:16", "end": "00:01:18", "text": "largely."}, {"start": "00:01:17", "end": "00:01:20", "text": "I'm talking about the rest of crypto,"}, {"start": "00:01:18", "end": "00:01:22", "text": "right? That's the Aaves, that's the"}, {"start": "00:01:20", "end": "00:01:24", "text": "Uniswaps, that's the [music] Morpheus,"}, {"start": "00:01:22", "end": "00:01:26", "text": "the DeFi protocols."}, {"start": "00:01:24", "end": "00:01:28", "text": "Why would the institutions let the"}, {"start": "00:01:26", "end": "00:01:29", "text": "people [music] make the money when they"}, {"start": "00:01:28", "end": "00:01:31", "text": "can build their own and make the money"}, {"start": "00:01:29", "end": "00:01:33", "text": "is the argument. And I'm not saying this"}, {"start": "00:01:31", "end": "00:01:35", "text": "will happen, I'm saying it could happen"}, {"start": "00:01:33", "end": "00:01:37", "text": "and this is how you This is how you"}, {"start": "00:01:35", "end": "00:01:37", "text": "hedge that."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "there's going to be a rotation into"}, {"start": "00:00:01", "end": "00:00:06", "text": "scarce desirable capital whether that's"}, {"start": "00:00:03", "end": "00:00:08", "text": "Palm Beach real estate or gold or"}, {"start": "00:00:06", "end": "00:00:10", "text": "digital gold in the form of Bitcoin. So"}, {"start": "00:00:08", "end": "00:00:12", "text": "why haven't we seen that yet when it"}, {"start": "00:00:10", "end": "00:00:16", "text": "comes to the the AI trade?"}, {"start": "00:00:12", "end": "00:00:17", "text": ">> Bitcoin and crypto are on the brink of"}, {"start": "00:00:16", "end": "00:00:20", "text": "exploding higher."}, {"start": "00:00:17", "end": "00:00:22", "text": ">> If the thesis that that you espouse"}, {"start": "00:00:20", "end": "00:00:24", "text": "comes true and that people will look for"}, {"start": "00:00:22", "end": "00:00:26", "text": "stuff with scarcity, why hasn't it"}, {"start": "00:00:24", "end": "00:00:28", "text": "materialized with Bitcoin yet? Heated"}, {"start": "00:00:26", "end": "00:00:32", "text": "conversation today with Michael Sailor"}, {"start": "00:00:28", "end": "00:00:34", "text": "on CNBC. The hosts really push back."}, {"start": "00:00:32", "end": "00:00:37", "text": ">> I feel like Michael, everyone is"}, {"start": "00:00:34", "end": "00:00:40", "text": "competing for capital against AI,"}, {"start": "00:00:37", "end": "00:00:41", "text": ">> but Sailor comes in with every single"}, {"start": "00:00:40", "end": "00:00:43", "text": "answer they ask."}, {"start": "00:00:41", "end": "00:00:45", "text": ">> Capital investors are going to look for"}, {"start": "00:00:43", "end": "00:00:48", "text": "things that the robots can make more of."}, {"start": "00:00:45", "end": "00:00:51", "text": "So, I actually sent this exact video to"}, {"start": "00:00:48", "end": "00:00:54", "text": "a friend, and this twominute explanation"}, {"start": "00:00:51", "end": "00:00:55", "text": "by Michael Sailor finally convinced him"}, {"start": "00:00:54", "end": "00:00:57", "text": "to buy Bitcoin."}, {"start": "00:00:55", "end": "00:00:58", "text": ">> We think we're at the beginning of a"}, {"start": "00:00:57", "end": "00:01:00", "text": "bull market. And"}, {"start": "00:00:58", "end": "00:01:04", "text": ">> this is the question that everyone is"}, {"start": "00:01:00", "end": "00:01:08", "text": "debating. Does the AI boom make the case"}, {"start": "00:01:04", "end": "00:01:11", "text": "for investing in Bitcoin even stronger?"}, {"start": "00:01:08", "end": "00:01:14", "text": "We know that Sailor says yes."}, {"start": "00:01:11", "end": "00:01:17", "text": "Surprisingly, seems like CNBC is pushing"}, {"start": "00:01:14", "end": "00:01:20", "text": "back on this statement, but I love how"}, {"start": "00:01:17", "end": "00:01:23", "text": "Sailor takes 2 minutes to explain the"}, {"start": "00:01:20", "end": "00:01:26", "text": "connections that most people are"}, {"start": "00:01:23", "end": "00:01:29", "text": "missing. I think his explanation started"}, {"start": "00:01:26", "end": "00:01:31", "text": "to convince them. Listen for yourself."}, {"start": "00:01:29", "end": "00:01:31", "text": "Tell me what you think in the comments"}, {"start": "00:01:31", "end": "00:01:33", "text": "below."}, {"start": "00:01:31", "end": "00:01:37", "text": ">> I feel like Michael, everyone is"}, {"start": "00:01:33", "end": "00:01:39", "text": "competing for capital against AI. um so"}, {"start": "00:01:37", "end": "00:01:41", "text": "much money flowing into it and we see it"}, {"start": "00:01:39", "end": "00:01:43", "text": "just kind of squeezing out investments"}, {"start": "00:01:41", "end": "00:01:45", "text": "elsewhere. How long do you think that"}, {"start": "00:01:43", "end": "00:01:47", "text": "continues and what kind of an impact are"}, {"start": "00:01:45", "end": "00:01:50", "text": "you guys feeling in the crypto space as"}, {"start": "00:01:47", "end": "00:01:52", "text": "a result?"}, {"start": "00:01:50", "end": "00:01:54", "text": ">> Well, you can see that AI is going to"}, {"start": "00:01:52", "end": "00:01:57", "text": "demonetize a lot of equities that are"}, {"start": "00:01:54", "end": "00:01:59", "text": "based upon labor and talent. And so"}, {"start": "00:01:57", "end": "00:02:01", "text": "there's a lot of risk in the AI trade,"}, {"start": "00:01:59", "end": "00:02:03", "text": "especially across equities, either"}, {"start": "00:02:01", "end": "00:02:05", "text": "equities that are attempting to create"}, {"start": "00:02:03", "end": "00:02:07", "text": "the next magic product and they might"}, {"start": "00:02:05", "end": "00:02:09", "text": "miss or equities that are based upon"}, {"start": "00:02:07", "end": "00:02:12", "text": "tens of thousands of humans and they're"}, {"start": "00:02:09", "end": "00:02:14", "text": "getting demonetized and degraded. On the"}, {"start": "00:02:12", "end": "00:02:17", "text": "other hand, um there's going to be a"}, {"start": "00:02:14", "end": "00:02:19", "text": "rotation into scarce desirable capital,"}, {"start": "00:02:17", "end": "00:02:21", "text": "whether that's Palm Beach real estate or"}, {"start": "00:02:19", "end": "00:02:26", "text": "gold or digital gold in the form of"}, {"start": "00:02:21", "end": "00:02:27", "text": "Bitcoin or some trophy asset. uh capital"}, {"start": "00:02:26", "end": "00:02:30", "text": "investors are going to look for things"}, {"start": "00:02:27", "end": "00:02:32", "text": "that the robots can make more of and"}, {"start": "00:02:30", "end": "00:02:35", "text": "certainly the king of commodities right"}, {"start": "00:02:32", "end": "00:02:35", "text": "now is Bitcoin because it's digital"}, {"start": "00:02:35", "end": "00:02:37", "text": "capital."}, {"start": "00:02:35", "end": "00:02:40", "text": ">> So why haven't we seen that yet when it"}, {"start": "00:02:37", "end": "00:02:43", "text": "comes to the the AI trade? If if if the"}, {"start": "00:02:40", "end": "00:02:45", "text": "thesis that that you espouse comes true"}, {"start": "00:02:43", "end": "00:02:47", "text": "and that people will look for stuff with"}, {"start": "00:02:45", "end": "00:02:50", "text": "scarcity, why hasn't it materialized"}, {"start": "00:02:47", "end": "00:02:51", "text": "with Bitcoin yet? [clears throat]"}, {"start": "00:02:50", "end": "00:02:53", "text": "Well, if you look at the Bitcoin"}, {"start": "00:02:51", "end": "00:02:55", "text": "standard error, which started when we"}, {"start": "00:02:53", "end": "00:02:58", "text": "bought our first Bitcoin in August of"}, {"start": "00:02:55", "end": "00:03:01", "text": "2020, Bitcoin is up approximately 38% a"}, {"start": "00:02:58", "end": "00:03:04", "text": "year every year. Uh MSTR, the digital"}, {"start": "00:03:01", "end": "00:03:07", "text": "equity that our company represents is up"}, {"start": "00:03:04", "end": "00:03:09", "text": "52 or 53% every year. The only stock you"}, {"start": "00:03:07", "end": "00:03:11", "text": "know of that's outperforming that is"}, {"start": "00:03:09", "end": "00:03:14", "text": "Nvidia. Every other MAG 7 stock and"}, {"start": "00:03:11", "end": "00:03:16", "text": "every all the other major S&P stocks are"}, {"start": "00:03:14", "end": "00:03:19", "text": "underperforming that. Uh Bitcoin is"}, {"start": "00:03:16", "end": "00:03:22", "text": "outperforming gold. Gold is"}, {"start": "00:03:19", "end": "00:03:23", "text": "outperforming the S&P index and"}, {"start": "00:03:22", "end": "00:03:26", "text": "ultimately if you look at the entire"}, {"start": "00:03:23", "end": "00:03:28", "text": "complex, digital capital is the"}, {"start": "00:03:26", "end": "00:03:31", "text": "strongest performing capital and digital"}, {"start": "00:03:28", "end": "00:03:33", "text": "credit like STRC is paying double to"}, {"start": "00:03:31", "end": "00:03:35", "text": "triple other conventional credit"}, {"start": "00:03:33", "end": "00:03:39", "text": "instruments and the digital equities"}, {"start": "00:03:35", "end": "00:03:41", "text": "like MSTR or Strive ASST they're"}, {"start": "00:03:39", "end": "00:03:44", "text": "outperforming"}, {"start": "00:03:41", "end": "00:03:47", "text": "most you know 98% of the other publicly"}, {"start": "00:03:44", "end": "00:03:50", "text": "traded stocks. So, the headwinds that"}, {"start": "00:03:47", "end": "00:03:53", "text": "Bitcoin has faced over the past year or"}, {"start": "00:03:50", "end": "00:03:57", "text": "so are now turning into tailwinds."}, {"start": "00:03:53", "end": "00:04:00", "text": "Michael Sailor again here reiterates"}, {"start": "00:03:57", "end": "00:04:02", "text": "that Bitcoin is in a bull market from"}, {"start": "00:04:00", "end": "00:04:05", "text": "this point forward and I love how he"}, {"start": "00:04:02", "end": "00:04:08", "text": "takes the time to explain why things"}, {"start": "00:04:05", "end": "00:04:10", "text": "have changed and why crypto and Bitcoin"}, {"start": "00:04:08", "end": "00:04:14", "text": "are going to go up. This is from a"}, {"start": "00:04:10", "end": "00:04:17", "text": "recent fireside chat Sailor did at the"}, {"start": "00:04:14", "end": "00:04:19", "text": "World Bank, joined by Chris Broomer,"}, {"start": "00:04:17", "end": "00:04:22", "text": "founder and CEO of Fintech Foundation."}, {"start": "00:04:19", "end": "00:04:25", "text": "It was part of DC Fintech Week. Like the"}, {"start": "00:04:22", "end": "00:04:27", "text": "video and listen to the bull thesis for"}, {"start": "00:04:25", "end": "00:04:29", "text": "Bitcoin this year and next for yourself."}, {"start": "00:04:27", "end": "00:04:32", "text": "The headwinds for Bitcoin for the past"}, {"start": "00:04:29", "end": "00:04:34", "text": "year have been uh restrictive foreign"}, {"start": "00:04:32", "end": "00:04:37", "text": "policy, restrictive trade policy,"}, {"start": "00:04:34", "end": "00:04:40", "text": "restrictive monetary policy, and uh a"}, {"start": "00:04:37", "end": "00:04:43", "text": "massive uh gravitational field which has"}, {"start": "00:04:40", "end": "00:04:46", "text": "been sucking capital into the AI trade,"}, {"start": "00:04:43", "end": "00:04:48", "text": "a trillion dollars of capital flow. So"}, {"start": "00:04:46", "end": "00:04:51", "text": "those are the headwinds, the tailwinds"}, {"start": "00:04:48", "end": "00:04:55", "text": "and the and now uh the evolving"}, {"start": "00:04:51", "end": "00:04:58", "text": "fundamentals that are helping it. Um as"}, {"start": "00:04:55", "end": "00:05:00", "text": "um you know a as the Treasury and the"}, {"start": "00:04:58", "end": "00:05:02", "text": "Fed has to support the bond market,"}, {"start": "00:05:00", "end": "00:05:04", "text": "we're going to have to see an expansion"}, {"start": "00:05:02", "end": "00:05:06", "text": "of the money supply. And so expanding"}, {"start": "00:05:04", "end": "00:05:09", "text": "money supply is always good for Bitcoin."}, {"start": "00:05:06", "end": "00:05:13", "text": "Is very sensitive to that. Um banking"}, {"start": "00:05:09", "end": "00:05:15", "text": "adoption is a big uh a big uh uh"}, {"start": "00:05:13", "end": "00:05:17", "text": "tailwind."}, {"start": "00:05:15", "end": "00:05:20", "text": "As right now you have $1 and a half"}, {"start": "00:05:17", "end": "00:05:22", "text": "trillion dollars of this asset and most"}, {"start": "00:05:20", "end": "00:05:24", "text": "of it is unbanked which means you can't"}, {"start": "00:05:22", "end": "00:05:27", "text": "borrow money against it. So as city or"}, {"start": "00:05:24", "end": "00:05:31", "text": "JP Morgan or Morgan Stanley or Schwab"}, {"start": "00:05:27", "end": "00:05:34", "text": "start to custody Bitcoin they will issue"}, {"start": "00:05:31", "end": "00:05:36", "text": "credit against it. Okay, there's only"}, {"start": "00:05:34", "end": "00:05:38", "text": "$10 billion a year worth of Bitcoin"}, {"start": "00:05:36", "end": "00:05:41", "text": "available for sale. That's the organic"}, {"start": "00:05:38", "end": "00:05:43", "text": "supply. Every time you create 10 billion"}, {"start": "00:05:41", "end": "00:05:46", "text": "dollars of credit, you buy one year"}, {"start": "00:05:43", "end": "00:05:47", "text": "supply. And so the banking networks"}, {"start": "00:05:46", "end": "00:05:49", "text": "could generate a hundred [snorts]"}, {"start": "00:05:47", "end": "00:05:52", "text": "billion dollars of credit on top of"}, {"start": "00:05:49", "end": "00:05:53", "text": "Bitcoin, it would be 10 turns. And so"}, {"start": "00:05:52", "end": "00:05:55", "text": "that's just going to drive the price up"}, {"start": "00:05:53", "end": "00:05:58", "text": "in the same way that mortgages drive up"}, {"start": "00:05:55", "end": "00:05:59", "text": "the price of houses. If you had a if you"}, {"start": "00:05:58", "end": "00:06:01", "text": "had a neighborhood and no one could"}, {"start": "00:05:59", "end": "00:06:04", "text": "borrow money to buy a house, the price"}, {"start": "00:06:01", "end": "00:06:06", "text": "of the houses would fall. And the more"}, {"start": "00:06:04", "end": "00:06:09", "text": "uh accommodating the credit terms, the"}, {"start": "00:06:06", "end": "00:06:11", "text": "higher the price goes. So bank credit"}, {"start": "00:06:09", "end": "00:06:15", "text": "formation is a big driver. Digital"}, {"start": "00:06:11", "end": "00:06:17", "text": "credit um what we're doing we we've sold"}, {"start": "00:06:15", "end": "00:06:20", "text": "$10 billion or more of digital credit in"}, {"start": "00:06:17", "end": "00:06:22", "text": "a year. So so a company like ours could"}, {"start": "00:06:20", "end": "00:06:25", "text": "buy the entire natural supply uh and"}, {"start": "00:06:22", "end": "00:06:29", "text": "then a company Strive"}, {"start": "00:06:25", "end": "00:06:31", "text": "uh which um is a smaller uh company"}, {"start": "00:06:29", "end": "00:06:33", "text": "similar to us a digital credit issuer."}, {"start": "00:06:31", "end": "00:06:35", "text": "They bought every bitcoin produced last"}, {"start": "00:06:33", "end": "00:06:37", "text": "week. They bought 3,000 Bitcoin and"}, {"start": "00:06:35", "end": "00:06:39", "text": "they're they're in hyperrowth. They're"}, {"start": "00:06:37", "end": "00:06:40", "text": "growing 10%"}, {"start": "00:06:39", "end": "00:06:42", "text": "week over week."}, {"start": "00:06:40", "end": "00:06:44", "text": ">> Make sure you subscribe to Altcoin"}, {"start": "00:06:42", "end": "00:06:47", "text": "Daily. We keep you informed on"}, {"start": "00:06:44", "end": "00:06:51", "text": "everything going on in the crypto market"}, {"start": "00:06:47", "end": "00:06:54", "text": "on a daily basis. And again, I show you"}, {"start": "00:06:51", "end": "00:06:59", "text": "that Tradfi is adopting crypto in such a"}, {"start": "00:06:54", "end": "00:07:03", "text": "huge way. Today, the SNP executes its"}, {"start": "00:06:59", "end": "00:07:06", "text": "first onchain crypto derivatives swap"}, {"start": "00:07:03", "end": "00:07:09", "text": "using the Canton network. Huge. Canton"}, {"start": "00:07:06", "end": "00:07:11", "text": "has been on our list of top altcoins for"}, {"start": "00:07:09", "end": "00:07:13", "text": "a while now. If you subscribe to us, you"}, {"start": "00:07:11", "end": "00:07:18", "text": "know about the leading players in the"}, {"start": "00:07:13", "end": "00:07:21", "text": "space. So when Bitcoin was at 5859,"}, {"start": "00:07:18", "end": "00:07:24", "text": "low60s, Michael Sailor said Bitcoin was"}, {"start": "00:07:21", "end": "00:07:28", "text": "in a bull market and Bitcoin moved up"}, {"start": "00:07:24", "end": "00:07:31", "text": "40% from here. In the past 2 hours,"}, {"start": "00:07:28", "end": "00:07:34", "text": "Michael Sailor has reaffirmed his belief"}, {"start": "00:07:31", "end": "00:07:37", "text": "and says Bitcoin is still in a bull"}, {"start": "00:07:34", "end": "00:07:39", "text": "market. We're in the beginning of a bull"}, {"start": "00:07:37", "end": "00:07:43", "text": "market. You can tell because everybody"}, {"start": "00:07:39", "end": "00:07:45", "text": "is still so bearish on Bitcoin. But make"}, {"start": "00:07:43", "end": "00:07:47", "text": "no mistake about it, this is his warning"}, {"start": "00:07:45", "end": "00:07:49", "text": "to traditional finance."}, {"start": "00:07:47", "end": "00:07:51", "text": ">> Bitcoin had a great summer. Still"}, {"start": "00:07:49", "end": "00:07:54", "text": "though, about 30% below last year's"}, {"start": "00:07:51", "end": "00:07:58", "text": "all-time highs. What is your view on"}, {"start": "00:07:54", "end": "00:07:59", "text": "where Bitcoin goes from here?"}, {"start": "00:07:58", "end": "00:08:03", "text": ">> Well, we think we're at the beginning of"}, {"start": "00:07:59", "end": "00:08:05", "text": "a bull market. Um, we uh we normally"}, {"start": "00:08:03", "end": "00:08:07", "text": "look at where Bitcoin is versus 200 week"}, {"start": "00:08:05", "end": "00:08:11", "text": "moving average and we bounced slightly"}, {"start": "00:08:07", "end": "00:08:15", "text": "below it. Now we're moving up uh 25%"}, {"start": "00:08:11", "end": "00:08:17", "text": "premium. So, uh the the headwinds were"}, {"start": "00:08:15", "end": "00:08:19", "text": "restrictive trade policy, restrictive"}, {"start": "00:08:17", "end": "00:08:23", "text": "foreign policy, restrictive currency or"}, {"start": "00:08:19", "end": "00:08:26", "text": "monetary policy. And now we're rotating"}, {"start": "00:08:23", "end": "00:08:29", "text": "into some tailwinds. We've got a very"}, {"start": "00:08:26", "end": "00:08:32", "text": "favorable regulatory environment. We've"}, {"start": "00:08:29", "end": "00:08:34", "text": "got banking adoption accelerating. We've"}, {"start": "00:08:32", "end": "00:08:37", "text": "got uh tokenized securities and the"}, {"start": "00:08:34", "end": "00:08:39", "text": "digital asset space accelerating. We've"}, {"start": "00:08:37", "end": "00:08:41", "text": "got the formation of and the"}, {"start": "00:08:39", "end": "00:08:42", "text": "strengthening of digital credit networks"}, {"start": "00:08:41", "end": "00:08:44", "text": "and of course banking credit coming"}, {"start": "00:08:42", "end": "00:08:47", "text": "online and all these things are very"}, {"start": "00:08:44", "end": "00:08:51", "text": "auspicious for the asset. to go further."}, {"start": "00:08:47", "end": "00:08:54", "text": "This means that Bitcoin can easily hit"}, {"start": "00:08:51", "end": "00:08:57", "text": "$100,000 again. Now, he plays a little"}, {"start": "00:08:54", "end": "00:08:59", "text": "koi as to when he believes this is going"}, {"start": "00:08:57", "end": "00:09:02", "text": "to happen, but this is a refreshing take"}, {"start": "00:08:59", "end": "00:09:04", "text": "considering that the CNBC hosts and most"}, {"start": "00:09:02", "end": "00:09:07", "text": "people you talk to today say the Bitcoin"}, {"start": "00:09:04", "end": "00:09:09", "text": "trade is over. To me, getting back to"}, {"start": "00:09:07", "end": "00:09:11", "text": "100K, it's obvious."}, {"start": "00:09:09", "end": "00:09:13", "text": ">> You've said twice during this"}, {"start": "00:09:11", "end": "00:09:15", "text": "conversation that we're in a bull market"}, {"start": "00:09:13", "end": "00:09:20", "text": "when it comes to Bitcoin right now. How"}, {"start": "00:09:15", "end": "00:09:20", "text": "high in this cycle do you see it going?"}, {"start": "00:09:20", "end": "00:09:25", "text": ">> Yeah, I think that it should definitely"}, {"start": "00:09:22", "end": "00:09:28", "text": "move back into the six figures, back"}, {"start": "00:09:25", "end": "00:09:30", "text": "beyond $100,000. And our long-term"}, {"start": "00:09:28", "end": "00:09:33", "text": "forecast is Bitcoin grows 20 to 30% a"}, {"start": "00:09:30", "end": "00:09:36", "text": "year over the next 20 years. So, um,"}, {"start": "00:09:33", "end": "00:09:38", "text": "clearly the last 12 months have been,"}, {"start": "00:09:36", "end": "00:09:41", "text": "uh, a contraction. I think we hit the"}, {"start": "00:09:38", "end": "00:09:43", "text": "bottom around slightly below 60,000. I"}, {"start": "00:09:41", "end": "00:09:46", "text": "think we bounced off it. Now we're"}, {"start": "00:09:43", "end": "00:09:48", "text": "moving up into the 80s. Uh I think we'll"}, {"start": "00:09:46", "end": "00:09:52", "text": "continue to march forward from here."}, {"start": "00:09:48", "end": "00:09:55", "text": ">> 100,000 by when? Michael,"}, {"start": "00:09:52", "end": "00:09:57", "text": ">> I'm not a short-term trader. We make"}, {"start": "00:09:55", "end": "00:09:59", "text": "plans, you know, in centuries."}, {"start": "00:09:57", "end": "00:10:01", "text": ">> And remember, if you trade crypto, you"}, {"start": "00:09:59", "end": "00:10:04", "text": "can make more money whether the market"}, {"start": "00:10:01", "end": "00:10:07", "text": "goes up or down. If you trade on WEX,"}, {"start": "00:10:04", "end": "00:10:10", "text": "they regularly send their users a $500"}, {"start": "00:10:07", "end": "00:10:13", "text": "bonus, 100 winners every time they do"}, {"start": "00:10:10", "end": "00:10:16", "text": "this, which is regularly. $100,000 plus"}, {"start": "00:10:13", "end": "00:10:19", "text": "for new users on their platform and a"}, {"start": "00:10:16", "end": "00:10:22", "text": "50% deposit bonus on anything above $100"}, {"start": "00:10:19", "end": "00:10:23", "text": "on your first. My name is Aaron. This is"}, {"start": "00:10:22", "end": "00:10:26", "text": "Altcoin Daily. See you tomorrow, my"}, {"start": "00:10:23", "end": "00:10:28", "text": "friends. turning into a very exciting"}, {"start": "00:10:26", "end": "00:10:28", "text": "fourth quarter."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "So this is massive. Morgan Stanley,"}, {"start": "00:00:02", "end": "00:00:08", "text": "which is one of the most respected"}, {"start": "00:00:04", "end": "00:00:11", "text": "financial giants on Earth, just"}, {"start": "00:00:08", "end": "00:00:13", "text": "predicted that crypto, specifically the"}, {"start": "00:00:11", "end": "00:00:18", "text": "tokenization of assets, will grow"}, {"start": "00:00:13", "end": "00:00:21", "text": "anywhere to 3 trillion to 10 trillion by"}, {"start": "00:00:18", "end": "00:00:24", "text": "2030. We will definitely be within that"}, {"start": "00:00:21", "end": "00:00:27", "text": "range without question. Right now, the"}, {"start": "00:00:24", "end": "00:00:30", "text": "global tokenization market is around 40"}, {"start": "00:00:27", "end": "00:00:32", "text": "billion with tokenization mainly being"}, {"start": "00:00:30", "end": "00:00:34", "text": "the tokenization of commodities, stocks,"}, {"start": "00:00:32", "end": "00:00:36", "text": "financial assets. That's happening now."}, {"start": "00:00:34", "end": "00:00:39", "text": "It's finally legal. It's finally"}, {"start": "00:00:36", "end": "00:00:42", "text": "regulated. They predict it's going from"}, {"start": "00:00:39", "end": "00:00:47", "text": "40 billion today to 3 to 10 trillion."}, {"start": "00:00:42", "end": "00:00:50", "text": "That's anywhere from a 75x to a 250x"}, {"start": "00:00:47", "end": "00:00:52", "text": "of money coming into crypto. Financial"}, {"start": "00:00:50", "end": "00:00:54", "text": "YouTuber Graham Stefen asks the"}, {"start": "00:00:52", "end": "00:00:57", "text": "question, \"How does the average person"}, {"start": "00:00:54", "end": "00:01:00", "text": "capitalize on this?\" Meaning, how do I"}, {"start": "00:00:57", "end": "00:01:01", "text": "make money? How do I get rich as an"}, {"start": "00:01:00", "end": "00:01:02", "text": "average person?"}, {"start": "00:01:01", "end": "00:01:05", "text": ">> Tokenization,"}, {"start": "00:01:02", "end": "00:01:06", "text": "we're at the beginning of a super cycle."}, {"start": "00:01:05", "end": "00:01:09", "text": ">> Now, the Ethereum people will tell you"}, {"start": "00:01:06", "end": "00:01:12", "text": "that tokenization is pretty much all"}, {"start": "00:01:09", "end": "00:01:13", "text": "happening on Ethereum, just by Ethereum."}, {"start": "00:01:12", "end": "00:01:17", "text": ">> In that report, you put a price target"}, {"start": "00:01:13", "end": "00:01:19", "text": "of 250,000 on ETH. Ethereum's network"}, {"start": "00:01:17", "end": "00:01:20", "text": "potential is far higher than Bitcoin's."}, {"start": "00:01:19", "end": "00:01:21", "text": "It's going to have the whole financial"}, {"start": "00:01:20", "end": "00:01:23", "text": "system on top of it. It's going to have"}, {"start": "00:01:21", "end": "00:01:24", "text": "a sea of trillions of tokenized assets"}, {"start": "00:01:23", "end": "00:01:26", "text": "on top of it."}, {"start": "00:01:24", "end": "00:01:28", "text": ">> The Solana people will tell you that"}, {"start": "00:01:26", "end": "00:01:30", "text": "tokenization is pretty much just"}, {"start": "00:01:28", "end": "00:01:32", "text": "happening on Solana by Solana."}, {"start": "00:01:30", "end": "00:01:34", "text": ">> And you know that the people that are my"}, {"start": "00:01:32", "end": "00:01:36", "text": "age in this industry, 40 years of"}, {"start": "00:01:34", "end": "00:01:39", "text": "experience on Wall Street are going to"}, {"start": "00:01:36", "end": "00:01:41", "text": "be using Salana for the backbone of real"}, {"start": "00:01:39", "end": "00:01:43", "text": "world asset tokenization. And of course,"}, {"start": "00:01:41", "end": "00:01:45", "text": "the Bitcoin people will tell you that"}, {"start": "00:01:43", "end": "00:01:47", "text": "who cares about tokenization. If you"}, {"start": "00:01:45", "end": "00:01:49", "text": "want to make money in crypto, it's all"}, {"start": "00:01:47", "end": "00:01:50", "text": "about dollar debasement. They will never"}, {"start": "00:01:49", "end": "00:01:52", "text": "stop printing money."}, {"start": "00:01:50", "end": "00:01:54", "text": ">> Who knows? Maybe we'll pay off our $35"}, {"start": "00:01:52", "end": "00:01:56", "text": "trillion. Hand them a little crypto"}, {"start": "00:01:54", "end": "00:01:59", "text": "check, right? We'll hand him a little"}, {"start": "00:01:56", "end": "00:02:00", "text": "Bitcoin and wipe out our $35 trillion."}, {"start": "00:01:59", "end": "00:02:01", "text": ">> So, just buy Bitcoin."}, {"start": "00:02:00", "end": "00:02:03", "text": ">> I think we can retake the all-time high"}, {"start": "00:02:01", "end": "00:02:05", "text": "in Bitcoin. I think that's going to be"}, {"start": "00:02:03", "end": "00:02:06", "text": "predicated on the blow up of the French"}, {"start": "00:02:05", "end": "00:02:08", "text": "debt market. I think that is going to"}, {"start": "00:02:06", "end": "00:02:10", "text": "generate a money printing response from"}, {"start": "00:02:08", "end": "00:02:12", "text": "the Fed and the Treasury in the United"}, {"start": "00:02:10", "end": "00:02:14", "text": "States to contain this fallout. And also"}, {"start": "00:02:12", "end": "00:02:16", "text": "we get the ECB maybe, but I don't think"}, {"start": "00:02:14", "end": "00:02:20", "text": "so joining the party as well. So that"}, {"start": "00:02:16", "end": "00:02:21", "text": "takes us to 125ish $250,000 on Bitcoin"}, {"start": "00:02:20", "end": "00:02:23", "text": "by year end."}, {"start": "00:02:21", "end": "00:02:26", "text": ">> So how does the average person truly"}, {"start": "00:02:23", "end": "00:02:29", "text": "benefit from this mega trend? People"}, {"start": "00:02:26", "end": "00:02:31", "text": "will make money. How do I make money?"}, {"start": "00:02:29", "end": "00:02:34", "text": "Which coins will absorb the most capital"}, {"start": "00:02:31", "end": "00:02:36", "text": "from tokenization? The data tells us"}, {"start": "00:02:34", "end": "00:02:40", "text": "this. The tokenization of financial"}, {"start": "00:02:36", "end": "00:02:43", "text": "markets is accelerating. RWA, meaning"}, {"start": "00:02:40", "end": "00:02:47", "text": "real world asset market cap, has surged"}, {"start": "00:02:43", "end": "00:02:51", "text": "from around $50 billion to $120 billion"}, {"start": "00:02:47", "end": "00:02:55", "text": "plus in 2026. Tokenized equities have"}, {"start": "00:02:51", "end": "00:02:59", "text": "grown from about 0.15% to over 1% of"}, {"start": "00:02:55", "end": "00:03:01", "text": "stablecoin supply and tradi giants"}, {"start": "00:02:59", "end": "00:03:03", "text": "including NASDAQ, New York Stock"}, {"start": "00:03:01", "end": "00:03:05", "text": "Exchange and Morgan Stanley have"}, {"start": "00:03:03", "end": "00:03:09", "text": "announced tokenized equities incentives."}, {"start": "00:03:05", "end": "00:03:13", "text": "Also, 2.5 quadrillion clearing giant"}, {"start": "00:03:09", "end": "00:03:15", "text": "DTCC that stands for the depository"}, {"start": "00:03:13", "end": "00:03:18", "text": "trust clearing corporation explains why"}, {"start": "00:03:15", "end": "00:03:21", "text": "it's inevitable that every single"}, {"start": "00:03:18", "end": "00:03:24", "text": "financial giant, every single financial"}, {"start": "00:03:21", "end": "00:03:27", "text": "asset is moving on chain. This truly"}, {"start": "00:03:24", "end": "00:03:29", "text": "changes the game. Any chain could be the"}, {"start": "00:03:27", "end": "00:03:31", "text": "source of the settlement assets and the"}, {"start": "00:03:29", "end": "00:03:33", "text": "app chain provides full service"}, {"start": "00:03:31", "end": "00:03:35", "text": "operations for the collateral management"}, {"start": "00:03:33", "end": "00:03:38", "text": "aspect of this. What we're talking about"}, {"start": "00:03:35", "end": "00:03:41", "text": "is any asset anywhere in any"}, {"start": "00:03:38", "end": "00:03:44", "text": "jurisdiction with any custodial system"}, {"start": "00:03:41", "end": "00:03:47", "text": "any time of day is now mobile in terms"}, {"start": "00:03:44", "end": "00:03:49", "text": "of collateral. This truly changes the"}, {"start": "00:03:47", "end": "00:03:51", "text": "game. I know the treasury man banking"}, {"start": "00:03:49", "end": "00:03:53", "text": "treasury managers who are in the"}, {"start": "00:03:51", "end": "00:03:55", "text": "audience are salivating at the"}, {"start": "00:03:53", "end": "00:03:58", "text": "opportunity to use this system. coming"}, {"start": "00:03:55", "end": "00:04:00", "text": "soon as we launch DTCC's tokenization"}, {"start": "00:03:58", "end": "00:04:03", "text": "service, you'll have access to to the"}, {"start": "00:04:00", "end": "00:04:06", "text": "highquality assets and as we launch the"}, {"start": "00:04:03", "end": "00:04:08", "text": "the collateral app chain service a"}, {"start": "00:04:06", "end": "00:04:09", "text": "little later, you'll have access to to"}, {"start": "00:04:08", "end": "00:04:11", "text": "those services."}, {"start": "00:04:09", "end": "00:04:13", "text": ">> So, when a company like the DTCC, which"}, {"start": "00:04:11", "end": "00:04:16", "text": "is there's few companies that are that"}, {"start": "00:04:13", "end": "00:04:19", "text": "big, moving that much money in the"}, {"start": "00:04:16", "end": "00:04:20", "text": "quadrillions, and are that regulated,"}, {"start": "00:04:19", "end": "00:04:23", "text": "right? There's very few companies as"}, {"start": "00:04:20", "end": "00:04:25", "text": "compliant. When they're excited, you"}, {"start": "00:04:23", "end": "00:04:27", "text": "should be excited. Before we get to top"}, {"start": "00:04:25", "end": "00:04:29", "text": "coins, this is the advice I shared with"}, {"start": "00:04:27", "end": "00:04:31", "text": "Graham Stefen. This is the advice I want"}, {"start": "00:04:29", "end": "00:04:33", "text": "to share with you. If we look at what"}, {"start": "00:04:31", "end": "00:04:35", "text": "the blue chips are today, even though"}, {"start": "00:04:33", "end": "00:04:38", "text": "it's so so new, it's so such a nent"}, {"start": "00:04:35", "end": "00:04:41", "text": "space right now. The blue chips winning"}, {"start": "00:04:38", "end": "00:04:44", "text": "are actually Ethereum, BNB, Solana, then"}, {"start": "00:04:41", "end": "00:04:46", "text": "Stellar, then avalanche. Institutions"}, {"start": "00:04:44", "end": "00:04:48", "text": "trust Ethereum the most. I would expect"}, {"start": "00:04:46", "end": "00:04:51", "text": "that to continue. I would expect in a"}, {"start": "00:04:48", "end": "00:04:53", "text": "basket of six cryptos, Ethereum's"}, {"start": "00:04:51", "end": "00:04:54", "text": "probably going to do very well if trend"}, {"start": "00:04:53", "end": "00:04:57", "text": "continues. And the trend is typically"}, {"start": "00:04:54", "end": "00:05:00", "text": "your friend if trend continues over the"}, {"start": "00:04:57", "end": "00:05:02", "text": "next 5 10 years. I'd also look at BNB"}, {"start": "00:05:00", "end": "00:05:05", "text": "chain and Sana. I'm looking at the"}, {"start": "00:05:02", "end": "00:05:08", "text": "Solana chart on Coinbase Advanced right"}, {"start": "00:05:05", "end": "00:05:11", "text": "now. And because Coinbase is a channel"}, {"start": "00:05:08", "end": "00:05:14", "text": "sponsor, if you want literally 80% off"}, {"start": "00:05:11", "end": "00:05:16", "text": "fees as you trade, as you dollar cost"}, {"start": "00:05:14", "end": "00:05:20", "text": "average, as you buy a little bit every"}, {"start": "00:05:16", "end": "00:05:23", "text": "week, activate rewards, get up to $275"}, {"start": "00:05:20", "end": "00:05:26", "text": "USDC in rewards, as well as literally"}, {"start": "00:05:23", "end": "00:05:28", "text": "80% off fees. This will save you money."}, {"start": "00:05:26", "end": "00:05:30", "text": "This will give you get you more crypto"}, {"start": "00:05:28", "end": "00:05:33", "text": "over the long run. Be sure to check out"}, {"start": "00:05:30", "end": "00:05:36", "text": "the full tutorial so you understand"}, {"start": "00:05:33", "end": "00:05:39", "text": "everything. Coinbase Advanced, how to"}, {"start": "00:05:36", "end": "00:05:41", "text": "trade crypto, per stocks, and more"}, {"start": "00:05:39", "end": "00:05:43", "text": "step-by-step tutorial link down below."}, {"start": "00:05:41", "end": "00:05:45", "text": "Thank you Coinbase for sponsoring this"}, {"start": "00:05:43", "end": "00:05:48", "text": "section of today's video. Because just"}, {"start": "00:05:45", "end": "00:05:50", "text": "like what happened to the stock market,"}, {"start": "00:05:48", "end": "00:05:52", "text": "Tradfi, the traditional system,"}, {"start": "00:05:50", "end": "00:05:54", "text": "equities, the entire global, especially"}, {"start": "00:05:52", "end": "00:05:56", "text": "United States stock market, what"}, {"start": "00:05:54", "end": "00:05:58", "text": "happened in the late 80s, the newest"}, {"start": "00:05:56", "end": "00:06:02", "text": "version is happening today. Because back"}, {"start": "00:05:58", "end": "00:06:04", "text": "then or let's just say 50 100 years ago,"}, {"start": "00:06:02", "end": "00:06:06", "text": "how did you trade on the stock market?"}, {"start": "00:06:04", "end": "00:06:07", "text": "It was all pieces of paper putting in"}, {"start": "00:06:06", "end": "00:06:10", "text": "your bid, putting in your buy, putting"}, {"start": "00:06:07", "end": "00:06:13", "text": "in your sell. It would take days, if not"}, {"start": "00:06:10", "end": "00:06:15", "text": "weeks, to settle a single transaction."}, {"start": "00:06:13", "end": "00:06:18", "text": "And then what happened? Well, in the 80s"}, {"start": "00:06:15", "end": "00:06:21", "text": "into the 90s, the stock market was"}, {"start": "00:06:18", "end": "00:06:23", "text": "digitized. We had the internet. All of a"}, {"start": "00:06:21", "end": "00:06:25", "text": "sudden, you could input something on"}, {"start": "00:06:23", "end": "00:06:26", "text": "your computer and you'd have settlement"}, {"start": "00:06:25", "end": "00:06:28", "text": "in days. I mean, yeah, maybe you have to"}, {"start": "00:06:26", "end": "00:06:30", "text": "wait till the to the weekend to finish"}, {"start": "00:06:28", "end": "00:06:32", "text": "or, you know, the stock market would"}, {"start": "00:06:30", "end": "00:06:34", "text": "pause at the end of the day and you'd"}, {"start": "00:06:32", "end": "00:06:36", "text": "have to be up the next day to see the"}, {"start": "00:06:34", "end": "00:06:40", "text": "settlement actually reach finality."}, {"start": "00:06:36", "end": "00:06:42", "text": "But the innovation was undeniable. I"}, {"start": "00:06:40", "end": "00:06:46", "text": "mean, it was clearly happening. The"}, {"start": "00:06:42", "end": "00:06:48", "text": "world and the financial system was being"}, {"start": "00:06:46", "end": "00:06:50", "text": "digitized. Well, now it's being"}, {"start": "00:06:48", "end": "00:06:52", "text": "tokenized. uh you know we are proceeding"}, {"start": "00:06:50", "end": "00:06:56", "text": "to provide clarity to the marketplace as"}, {"start": "00:06:52", "end": "00:06:58", "text": "far as how to raise uh money on chain"}, {"start": "00:06:56", "end": "00:07:00", "text": "and then secondly with respect to uh"}, {"start": "00:06:58", "end": "00:07:01", "text": "trading of tokenized securities we've"}, {"start": "00:07:00", "end": "00:07:02", "text": "come out with an innovation exemption"}, {"start": "00:07:01", "end": "00:07:04", "text": "we're calling it"}, {"start": "00:07:02", "end": "00:07:07", "text": ">> and it should be pointed out that just"}, {"start": "00:07:04", "end": "00:07:10", "text": "because another 10 billion another"}, {"start": "00:07:07", "end": "00:07:12", "text": "hundred billion dollar in represented"}, {"start": "00:07:10", "end": "00:07:16", "text": "asset value maybe that's another hundred"}, {"start": "00:07:12", "end": "00:07:18", "text": "billion dollars of stocks comes onto the"}, {"start": "00:07:16", "end": "00:07:20", "text": "blockchain is tokenized"}, {"start": "00:07:18", "end": "00:07:23", "text": "That does not mean that another hundred"}, {"start": "00:07:20", "end": "00:07:24", "text": "[snorts] billion dollars is going to go"}, {"start": "00:07:23", "end": "00:07:26", "text": "into Salana. That would triple the price"}, {"start": "00:07:24", "end": "00:07:28", "text": "of Salana overnight. If it would all"}, {"start": "00:07:26", "end": "00:07:30", "text": "happen on Salana, when you tokenize"}, {"start": "00:07:28", "end": "00:07:32", "text": "something, it doesn't automatically push"}, {"start": "00:07:30", "end": "00:07:35", "text": "the price of that asset up by that exact"}, {"start": "00:07:32", "end": "00:07:37", "text": "dollar amount by that much. What it does"}, {"start": "00:07:35", "end": "00:07:40", "text": "do is"}, {"start": "00:07:37", "end": "00:07:42", "text": "number one, it grows the network, right?"}, {"start": "00:07:40", "end": "00:07:44", "text": "As the DTCC"}, {"start": "00:07:42", "end": "00:07:46", "text": "gets involved,"}, {"start": "00:07:44", "end": "00:07:48", "text": "they they have a huge network effect. So"}, {"start": "00:07:46", "end": "00:07:49", "text": "they have a huge global client base."}, {"start": "00:07:48", "end": "00:07:51", "text": "They're going to bring more users onto"}, {"start": "00:07:49", "end": "00:07:55", "text": "Solana. They're all transacting in"}, {"start": "00:07:51", "end": "00:07:57", "text": "Solana, settling in Solana, and burning"}, {"start": "00:07:55", "end": "00:08:00", "text": "fees, right? Burning fees that will push"}, {"start": "00:07:57", "end": "00:08:04", "text": "the price up. Another thing tokenization"}, {"start": "00:08:00", "end": "00:08:07", "text": "does is those networks that join the"}, {"start": "00:08:04", "end": "00:08:10", "text": "program that puts a crypto wallet in the"}, {"start": "00:08:07", "end": "00:08:13", "text": "pockets of every single one of those"}, {"start": "00:08:10", "end": "00:08:16", "text": "industry industrial entities. All of a"}, {"start": "00:08:13", "end": "00:08:17", "text": "sudden, your bank, Wells Fargo, JP"}, {"start": "00:08:16", "end": "00:08:20", "text": "Morgan, Chase, whatever. All of a"}, {"start": "00:08:17", "end": "00:08:23", "text": "sudden, your bank is incentivized to"}, {"start": "00:08:20", "end": "00:08:24", "text": "give crypto wallets to every single one"}, {"start": "00:08:23", "end": "00:08:26", "text": "of their hundreds of millions of"}, {"start": "00:08:24", "end": "00:08:28", "text": "clientele. Not because they suddenly"}, {"start": "00:08:26", "end": "00:08:30", "text": "like Bitcoin. They suddenly like"}, {"start": "00:08:28", "end": "00:08:33", "text": "Ethereum, but they definitely see the"}, {"start": "00:08:30", "end": "00:08:35", "text": "value of tokenization. They want more"}, {"start": "00:08:33", "end": "00:08:37", "text": "asset value under their management and"}, {"start": "00:08:35", "end": "00:08:39", "text": "thus the network grows and thus the"}, {"start": "00:08:37", "end": "00:08:41", "text": "crypto market grows. That's why my"}, {"start": "00:08:39", "end": "00:08:45", "text": "strategy"}, {"start": "00:08:41", "end": "00:08:46", "text": "is not to necessarily pick the winners"}, {"start": "00:08:45", "end": "00:08:48", "text": "that will give me the max potential. I"}, {"start": "00:08:46", "end": "00:08:50", "text": "mean, obviously, if you go more down on"}, {"start": "00:08:48", "end": "00:08:51", "text": "the risk curve, pick the specific"}, {"start": "00:08:50", "end": "00:08:53", "text": "companies, you're going to make a lot"}, {"start": "00:08:51", "end": "00:08:56", "text": "more money."}, {"start": "00:08:53", "end": "00:08:58", "text": "My position, my strategy, and it's a"}, {"start": "00:08:56", "end": "00:08:59", "text": "little more riskaverse, even though"}, {"start": "00:08:58", "end": "00:09:02", "text": "crypto is risky. I'm a more riskaverse"}, {"start": "00:08:59", "end": "00:09:05", "text": "investor in crypto, uh, is to bet on the"}, {"start": "00:09:02", "end": "00:09:07", "text": "blue chips, ride the mega trend, pick a"}, {"start": "00:09:05", "end": "00:09:10", "text": "basket of six, right? I I believe that"}, {"start": "00:09:07", "end": "00:09:13", "text": "as the crypto market reprices and grows"}, {"start": "00:09:10", "end": "00:09:15", "text": "in general, Bitcoin is going to benefit."}, {"start": "00:09:13", "end": "00:09:17", "text": "It's not directly involved in"}, {"start": "00:09:15", "end": "00:09:19", "text": "tokenization of equities, but it's the"}, {"start": "00:09:17", "end": "00:09:20", "text": "network effect of crypto. I think the"}, {"start": "00:09:19", "end": "00:09:22", "text": "blue chips are going to benefit. That's"}, {"start": "00:09:20", "end": "00:09:23", "text": "Bitcoin. That's ETH. I would even say"}, {"start": "00:09:22", "end": "00:09:25", "text": "that's Solana. You can look at the"}, {"start": "00:09:23", "end": "00:09:28", "text": "chart, the data right now. That's also"}, {"start": "00:09:25", "end": "00:09:31", "text": "BNB. The other big ones are Canton"}, {"start": "00:09:28", "end": "00:09:34", "text": "network. That's basically uh the"}, {"start": "00:09:31", "end": "00:09:36", "text": "institutions version of Ethereum or"}, {"start": "00:09:34", "end": "00:09:38", "text": "Salana. It's more permissioned. It's"}, {"start": "00:09:36", "end": "00:09:40", "text": "more centralized, but they remain in"}, {"start": "00:09:38", "end": "00:09:41", "text": "control. Maybe that does well. I would"}, {"start": "00:09:40", "end": "00:09:45", "text": "also look at chain link. That's the"}, {"start": "00:09:41", "end": "00:09:46", "text": "infrastructure. You could also bet on"}, {"start": "00:09:45", "end": "00:09:48", "text": "the plumbing or the trady"}, {"start": "00:09:46", "end": "00:09:51", "text": "infrastructure, which which would be"}, {"start": "00:09:48", "end": "00:09:53", "text": "Robin Hood or Coinbase."}, {"start": "00:09:51", "end": "00:09:54", "text": "All those are betting on the"}, {"start": "00:09:53", "end": "00:09:57", "text": "infrastructure, holding [snorts] for 10"}, {"start": "00:09:54", "end": "00:09:59", "text": "years, dollar cost averaging through the"}, {"start": "00:09:57", "end": "00:10:03", "text": "dips, and betting on the mega trend."}, {"start": "00:09:59", "end": "00:10:05", "text": "That's how you make money in this 250x"}, {"start": "00:10:03", "end": "00:10:07", "text": "potential of tokenization. Share this"}, {"start": "00:10:05", "end": "00:10:10", "text": "video with one friend who's interested"}, {"start": "00:10:07", "end": "00:10:14", "text": "in investing and he or she may thank you"}, {"start": "00:10:10", "end": "00:10:14", "text": "in five years. Like all we see tomorrow."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Three crypto coins to buy after Bitcoin"}, {"start": "00:00:04", "end": "00:00:09", "text": "and Ethereum. Bitcoin and ETH are"}, {"start": "00:00:06", "end": "00:00:12", "text": "obvious crypto blue chips. Always have"}, {"start": "00:00:09", "end": "00:00:16", "text": "been, continue to be. But do you want to"}, {"start": "00:00:12", "end": "00:00:20", "text": "know what other altcoins I like? I'm not"}, {"start": "00:00:16", "end": "00:00:23", "text": "talking about XRP or Shiba Enu or"}, {"start": "00:00:20", "end": "00:00:27", "text": "Cardano in this video. I'm talking about"}, {"start": "00:00:23", "end": "00:00:29", "text": "tokens specific to crypto's new cycle."}, {"start": "00:00:27", "end": "00:00:31", "text": "looking forward in the new narratives."}, {"start": "00:00:29", "end": "00:00:34", "text": "We could put Zcash on this list. We"}, {"start": "00:00:31", "end": "00:00:37", "text": "could put Canton or Quant. Maybe there"}, {"start": "00:00:34", "end": "00:00:40", "text": "are actually quite a few altcoins I like"}, {"start": "00:00:37", "end": "00:00:42", "text": "looking forward. Comment which coins you"}, {"start": "00:00:40", "end": "00:00:44", "text": "think that I should put in a future"}, {"start": "00:00:42", "end": "00:00:46", "text": "video. I'm going to take a look based on"}, {"start": "00:00:44", "end": "00:00:48", "text": "some of the comments if I see that"}, {"start": "00:00:46", "end": "00:00:50", "text": "there's a large amount of people who"}, {"start": "00:00:48", "end": "00:00:53", "text": "want me to look into, you know, certain"}, {"start": "00:00:50", "end": "00:00:55", "text": "ones. But in today's video, I just want"}, {"start": "00:00:53", "end": "00:00:58", "text": "to highlight a select three. and"}, {"start": "00:00:55", "end": "00:01:00", "text": "altcoins are pumping, so you should"}, {"start": "00:00:58", "end": "00:01:02", "text": "maybe get these on your radar. As"}, {"start": "00:01:00", "end": "00:01:04", "text": "always, if you could spare a like, it's"}, {"start": "00:01:02", "end": "00:01:07", "text": "a small thing you can do, but it truly"}, {"start": "00:01:04", "end": "00:01:10", "text": "helps us grow. First, let's start here."}, {"start": "00:01:07", "end": "00:01:13", "text": "Like I said, Ethereum needs to be in any"}, {"start": "00:01:10", "end": "00:01:16", "text": "crypto portfolio today. I think it could"}, {"start": "00:01:13", "end": "00:01:19", "text": "really outperform Bitcoin going forward."}, {"start": "00:01:16", "end": "00:01:23", "text": "What I like about this clip is that Tom"}, {"start": "00:01:19", "end": "00:01:25", "text": "Lee gets real specific in his ETH price"}, {"start": "00:01:23", "end": "00:01:29", "text": "prediction. Not only at the end of this"}, {"start": "00:01:25", "end": "00:01:30", "text": "year, but also he gives his end of cycle"}, {"start": "00:01:29", "end": "00:01:31", "text": "price prediction."}, {"start": "00:01:30", "end": "00:01:33", "text": ">> Where do you think ETH will be at the"}, {"start": "00:01:31", "end": "00:01:36", "text": "end of the year?"}, {"start": "00:01:33", "end": "00:01:38", "text": ">> You know, I I think Ethereum should"}, {"start": "00:01:36", "end": "00:01:40", "text": "exceed its all-time high. So, I think"}, {"start": "00:01:38", "end": "00:01:42", "text": "it's above 5,000. I think Bitcoin is"}, {"start": "00:01:40", "end": "00:01:44", "text": "going to be over 100,000. And if that's"}, {"start": "00:01:42", "end": "00:01:47", "text": "the case, then I think Ethereum is"}, {"start": "00:01:44", "end": "00:01:49", "text": "around 7,500. To us, Ethereum continues"}, {"start": "00:01:47", "end": "00:01:50", "text": "to be the most neutral infrastructure. I"}, {"start": "00:01:49", "end": "00:01:53", "text": "think there's a lot of winds that"}, {"start": "00:01:50", "end": "00:01:56", "text": "they're posting and"}, {"start": "00:01:53", "end": "00:01:58", "text": "the token price is 2700."}, {"start": "00:01:56", "end": "00:02:00", "text": "It's been in the same price for 5 years."}, {"start": "00:01:58", "end": "00:02:02", "text": "And as you guys know, the longer the"}, {"start": "00:02:00", "end": "00:02:04", "text": "base, the bigger the breakout. So, I"}, {"start": "00:02:02", "end": "00:02:07", "text": "mean, part of our thesis is we think"}, {"start": "00:02:04", "end": "00:02:09", "text": "Ethereum is massively undervalued. And I"}, {"start": "00:02:07", "end": "00:02:12", "text": "mean, this bull cycle, I think it could"}, {"start": "00:02:09", "end": "00:02:15", "text": "easily be 25,000 or 50,000 per token."}, {"start": "00:02:12", "end": "00:02:18", "text": ">> Bitcoin is an obvious one as well. It's"}, {"start": "00:02:15", "end": "00:02:21", "text": "a brand name. Most people know about it."}, {"start": "00:02:18", "end": "00:02:25", "text": "Most people don't own enough of it or"}, {"start": "00:02:21", "end": "00:02:25", "text": "want to sell too early if they do. Check"}, {"start": "00:02:25", "end": "00:02:27", "text": "this out."}, {"start": "00:02:25", "end": "00:02:30", "text": ">> So, my husband and I are on different"}, {"start": "00:02:27", "end": "00:02:33", "text": "pages about using our investment that we"}, {"start": "00:02:30", "end": "00:02:35", "text": "have in crypto to pay off our mortgage."}, {"start": "00:02:33", "end": "00:02:38", "text": "He does agree that he would like to use"}, {"start": "00:02:35", "end": "00:02:40", "text": "it eventually, but he would like to wait"}, {"start": "00:02:38", "end": "00:02:43", "text": "for it because he believes it's going to"}, {"start": "00:02:40", "end": "00:02:44", "text": "grow exponentially and it's too volatile"}, {"start": "00:02:43", "end": "00:02:46", "text": "for me."}, {"start": "00:02:44", "end": "00:02:47", "text": ">> How much does he have in Bitcoin?"}, {"start": "00:02:46", "end": "00:02:49", "text": "[laughter]"}, {"start": "00:02:47", "end": "00:02:50", "text": ">> Um, enough to pay off our mortgage plus"}, {"start": "00:02:49", "end": "00:02:51", "text": "some."}, {"start": "00:02:50", "end": "00:02:53", "text": ">> Wow. So, we're talking hundreds of"}, {"start": "00:02:51", "end": "00:02:54", "text": "thousands of dollars."}, {"start": "00:02:53", "end": "00:02:56", "text": ">> Mhm."}, {"start": "00:02:54", "end": "00:02:58", "text": ">> And by the way, I own zero Bitcoin. Not"}, {"start": "00:02:56", "end": "00:02:59", "text": "one shred. And do I wish I could go back"}, {"start": "00:02:58", "end": "00:03:02", "text": "in time and buy a whole bunch at"}, {"start": "00:02:59", "end": "00:03:04", "text": "nothing? Of course I do. And I also"}, {"start": "00:03:02", "end": "00:03:06", "text": "didn't get into Beanie Babies and NFTTS"}, {"start": "00:03:04", "end": "00:03:07", "text": "and all these other things. You throw"}, {"start": "00:03:06", "end": "00:03:11", "text": "enough darts backwards, one's going to"}, {"start": "00:03:07", "end": "00:03:14", "text": "hit. Great. And it could go up a five"}, {"start": "00:03:11", "end": "00:03:15", "text": "trillion% and it could go to zero"}, {"start": "00:03:14", "end": "00:03:16", "text": "because it's always going to have to be"}, {"start": "00:03:15", "end": "00:03:19", "text": "traded for actual money at some point,"}, {"start": "00:03:16", "end": "00:03:23", "text": "right? I I have crypto friends. I've got"}, {"start": "00:03:19", "end": "00:03:25", "text": "Bitcoin friends. And dude, there is"}, {"start": "00:03:23", "end": "00:03:28", "text": "there's just"}, {"start": "00:03:25", "end": "00:03:30", "text": "that conversation is just a a ship that"}, {"start": "00:03:28", "end": "00:03:34", "text": "sailed. Many people try to ignore"}, {"start": "00:03:30", "end": "00:03:37", "text": "Salana's success today. Salana cannot be"}, {"start": "00:03:34", "end": "00:03:39", "text": "ignored today. They are a big player in"}, {"start": "00:03:37", "end": "00:03:41", "text": "crypto whether you like it or not."}, {"start": "00:03:39", "end": "00:03:43", "text": "They've got great tech. They make great"}, {"start": "00:03:41", "end": "00:03:46", "text": "partnerships. They're going after"}, {"start": "00:03:43", "end": "00:03:48", "text": "capital markets. I like the way Lilly"}, {"start": "00:03:46", "end": "00:03:52", "text": "Louu of the Salana Foundation explains"}, {"start": "00:03:48", "end": "00:03:54", "text": "it all here. And with this, they're"}, {"start": "00:03:52", "end": "00:03:55", "text": "picking up steam in this bull market."}, {"start": "00:03:54", "end": "00:03:57", "text": ">> We've always been about financial"}, {"start": "00:03:55", "end": "00:03:59", "text": "infrastructure for the internet. five"}, {"start": "00:03:57", "end": "00:04:01", "text": "and a half billion people neutral uh"}, {"start": "00:03:59", "end": "00:04:03", "text": "open source who only ever going to be a"}, {"start": "00:04:01", "end": "00:04:06", "text": "blockchain and so when I think about the"}, {"start": "00:04:03", "end": "00:04:07", "text": "potential of that uh that's a that's one"}, {"start": "00:04:06", "end": "00:04:08", "text": "of the largest markets that you can"}, {"start": "00:04:07", "end": "00:04:11", "text": "create out there in fact I think it is"}, {"start": "00:04:08", "end": "00:04:13", "text": "the largest market that you can imagine"}, {"start": "00:04:11", "end": "00:04:16", "text": "and we've looked at these incredibly"}, {"start": "00:04:13", "end": "00:04:18", "text": "sort of exponentially scaling uh tech"}, {"start": "00:04:16", "end": "00:04:20", "text": "platforms and systems over the last 30"}, {"start": "00:04:18", "end": "00:04:21", "text": "years but really if you look at the"}, {"start": "00:04:20", "end": "00:04:24", "text": "addressable market they serve it's"}, {"start": "00:04:21", "end": "00:04:26", "text": "actually uh the native language speaking"}, {"start": "00:04:24", "end": "00:04:28", "text": "area in which they are born And that"}, {"start": "00:04:26", "end": "00:04:29", "text": "caps out it at about a one and a half"}, {"start": "00:04:28", "end": "00:04:31", "text": "billion whether you're in the English"}, {"start": "00:04:29", "end": "00:04:33", "text": "world or whether you're in the Mandarin"}, {"start": "00:04:31", "end": "00:04:36", "text": "world. Uh but the uh all of the people"}, {"start": "00:04:33", "end": "00:04:39", "text": "on the internet they all use money. Uh"}, {"start": "00:04:36", "end": "00:04:41", "text": "and uh and I've got I've got to believe"}, {"start": "00:04:39", "end": "00:04:42", "text": "that that is incredible opportunity and"}, {"start": "00:04:41", "end": "00:04:45", "text": "that's an incredible platform to be"}, {"start": "00:04:42", "end": "00:04:47", "text": "building for. Uh and uh I do believe"}, {"start": "00:04:45", "end": "00:04:48", "text": "that the internet capital market which"}, {"start": "00:04:47", "end": "00:04:49", "text": "is what we're building for is going to"}, {"start": "00:04:48", "end": "00:04:52", "text": "be the largest global capital market."}, {"start": "00:04:49", "end": "00:04:55", "text": ">> Hyperlquid is a project that more and"}, {"start": "00:04:52", "end": "00:04:57", "text": "more people are starting to understand."}, {"start": "00:04:55", "end": "00:05:01", "text": "They are designed specifically for"}, {"start": "00:04:57", "end": "00:05:04", "text": "trading financial assets on chain. Very"}, {"start": "00:05:01", "end": "00:05:08", "text": "popular to trade on and that specificity"}, {"start": "00:05:04", "end": "00:05:11", "text": "is and their success at it is what makes"}, {"start": "00:05:08", "end": "00:05:15", "text": "them such a big contender this cycle."}, {"start": "00:05:11", "end": "00:05:17", "text": "Hyperlid is a leader in its niche today"}, {"start": "00:05:15", "end": "00:05:17", "text": "and investors are starting to wake up to"}, {"start": "00:05:17", "end": "00:05:19", "text": "this."}, {"start": "00:05:17", "end": "00:05:21", "text": ">> Salana does a lot of things. It does a"}, {"start": "00:05:19", "end": "00:05:24", "text": "lot of things really well the way a"}, {"start": "00:05:21", "end": "00:05:26", "text": "Swiss army knife does, but hyperlquid is"}, {"start": "00:05:24", "end": "00:05:29", "text": "designed specifically for trading"}, {"start": "00:05:26", "end": "00:05:31", "text": "financial assets onchain, large"}, {"start": "00:05:29", "end": "00:05:34", "text": "quantities, high throughputs. And I"}, {"start": "00:05:31", "end": "00:05:36", "text": "think that um if you were, you know, to"}, {"start": "00:05:34", "end": "00:05:38", "text": "to extend the analogy, if you were lost"}, {"start": "00:05:36", "end": "00:05:40", "text": "in the woods and you wanted to survive"}, {"start": "00:05:38", "end": "00:05:43", "text": "the night, you'd want to have that Swiss"}, {"start": "00:05:40", "end": "00:05:44", "text": "Army knife. Um, if you're trading, if"}, {"start": "00:05:43", "end": "00:05:46", "text": "you're if you're slicing sushi and doing"}, {"start": "00:05:44", "end": "00:05:48", "text": "it really well and really fine and"}, {"start": "00:05:46", "end": "00:05:49", "text": "really perfectly, you want that Japanese"}, {"start": "00:05:48", "end": "00:05:51", "text": "knife."}, {"start": "00:05:49", "end": "00:05:54", "text": ">> Another protocol that the market is"}, {"start": "00:05:51", "end": "00:05:58", "text": "finally starting to repric and value"}, {"start": "00:05:54", "end": "00:06:00", "text": "more because investors and the industry"}, {"start": "00:05:58", "end": "00:06:02", "text": "is finally starting to understand"}, {"start": "00:06:00", "end": "00:06:03", "text": "exactly everything that they've been"}, {"start": "00:06:02", "end": "00:06:07", "text": "doing. They've been steadily building"}, {"start": "00:06:03", "end": "00:06:09", "text": "out for years near protocol. Listen to"}, {"start": "00:06:07", "end": "00:06:12", "text": "this. Listen to Matt Hogan talk about"}, {"start": "00:06:09", "end": "00:06:15", "text": "why investors are finally starting to"}, {"start": "00:06:12", "end": "00:06:17", "text": "become interested in Near and why he is"}, {"start": "00:06:15", "end": "00:06:19", "text": "bullish on Near looking forward."}, {"start": "00:06:17", "end": "00:06:21", "text": ">> The beautiful thing about watching Near"}, {"start": "00:06:19", "end": "00:06:24", "text": "evolve over the years is it's been like"}, {"start": "00:06:21", "end": "00:06:26", "text": "painting in these little corners. uh it"}, {"start": "00:06:24", "end": "00:06:28", "text": "painted in the corners of an ultra high"}, {"start": "00:06:26", "end": "00:06:30", "text": "throughput blockchain uh with dynamic"}, {"start": "00:06:28", "end": "00:06:33", "text": "sharding and that was interesting and"}, {"start": "00:06:30", "end": "00:06:35", "text": "then it painted in the corner of intense"}, {"start": "00:06:33", "end": "00:06:37", "text": "which found their own product market fit"}, {"start": "00:06:35", "end": "00:06:39", "text": "and then it painted in this corner of"}, {"start": "00:06:37", "end": "00:06:42", "text": "privacy and crosschain communication and"}, {"start": "00:06:39", "end": "00:06:43", "text": "I don't think anyone sort of saw how all"}, {"start": "00:06:42", "end": "00:06:46", "text": "those corners fit together until"}, {"start": "00:06:43", "end": "00:06:48", "text": "recently as the sort of single portal to"}, {"start": "00:06:46", "end": "00:06:51", "text": "execute your financial world and then"}, {"start": "00:06:48", "end": "00:06:53", "text": "eventually uh for agents to to interact"}, {"start": "00:06:51", "end": "00:06:55", "text": "with as well and I it's it's sort of"}, {"start": "00:06:53", "end": "00:06:56", "text": "like it's like been watching someone"}, {"start": "00:06:55", "end": "00:06:57", "text": "draw something where you didn't"}, {"start": "00:06:56", "end": "00:06:59", "text": "understand what they were drawing and"}, {"start": "00:06:57", "end": "00:07:01", "text": "all of a sudden you're like ah it's a"}, {"start": "00:06:59", "end": "00:07:03", "text": "landscape and I think that's the reason"}, {"start": "00:07:01", "end": "00:07:05", "text": "it's really caught on uh because now it"}, {"start": "00:07:03", "end": "00:07:08", "text": "all makes sense as a single portal uh"}, {"start": "00:07:05", "end": "00:07:11", "text": "for finance. My name is Aaron. This is"}, {"start": "00:07:08", "end": "00:07:14", "text": "Altcoin Daily. Subscribe to our channel."}, {"start": "00:07:11", "end": "00:07:16", "text": "Follow us on X. And if you're a crypto"}, {"start": "00:07:14", "end": "00:07:19", "text": "trader or are interested in trading"}, {"start": "00:07:16", "end": "00:07:21", "text": "crypto and making more money"}, {"start": "00:07:19", "end": "00:07:25", "text": "has some great incentives. They give out"}, {"start": "00:07:21", "end": "00:07:28", "text": "$500 to 100 winners regularly. Uh if"}, {"start": "00:07:25", "end": "00:07:30", "text": "you're new to the exchange, 10,000 plus"}, {"start": "00:07:28", "end": "00:07:32", "text": "in welcome rewards. They actually get a"}, {"start": "00:07:30", "end": "00:07:36", "text": "lot higher than this. And then also a"}, {"start": "00:07:32", "end": "00:07:38", "text": "50% deposit bonus on anything over 100"}, {"start": "00:07:36", "end": "00:07:41", "text": "on your first deposit, I think. So sign"}, {"start": "00:07:38", "end": "00:07:43", "text": "up for WEX linked below. Stay in the"}, {"start": "00:07:41", "end": "00:07:45", "text": "know on everything crypto on a daily"}, {"start": "00:07:43", "end": "00:07:48", "text": "basis. Subscribe to Altcoin Daily. Join"}, {"start": "00:07:45", "end": "00:07:50", "text": "our team. Watch any of our videos from"}, {"start": "00:07:48", "end": "00:07:53", "text": "the past couple months. They are all"}, {"start": "00:07:50", "end": "00:07:57", "text": "still extremely relevant and I will see"}, {"start": "00:07:53", "end": "00:07:57", "text": "you tomorrow my friends."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Do not be fooled. This is a trap."}, {"start": "00:00:05", "end": "00:00:09", "text": ">> We should expect big price moves."}, {"start": "00:00:06", "end": "00:00:14", "text": ">> Look, most people don't realize this."}, {"start": "00:00:09", "end": "00:00:15", "text": "Bitcoin spent 310 consecutive days below"}, {"start": "00:00:14", "end": "00:00:19", "text": "its 360-day"}, {"start": "00:00:15", "end": "00:00:22", "text": "moving average. It just reclaimed this"}, {"start": "00:00:19", "end": "00:00:25", "text": "level just like at the end of the last"}, {"start": "00:00:22", "end": "00:00:28", "text": "two bear markets. Look, most people"}, {"start": "00:00:25", "end": "00:00:31", "text": "don't realize this. Bitcoin just flashed"}, {"start": "00:00:28", "end": "00:00:35", "text": "a bullish cross signaling a potential"}, {"start": "00:00:31", "end": "00:00:38", "text": "30% gain meaning that Bitcoin could be"}, {"start": "00:00:35", "end": "00:00:40", "text": "well over $100,000"}, {"start": "00:00:38", "end": "00:00:43", "text": "by the end [music] of this year."}, {"start": "00:00:40", "end": "00:00:44", "text": ">> Uh, but I just don't think it's a bull"}, {"start": "00:00:43", "end": "00:00:47", "text": "market right now."}, {"start": "00:00:44", "end": "00:00:49", "text": ">> Crypto is very much in a bull market and"}, {"start": "00:00:47", "end": "00:00:50", "text": "this proves it. Listen."}, {"start": "00:00:49", "end": "00:00:52", "text": ">> We have institutions like Franklin"}, {"start": "00:00:50", "end": "00:00:54", "text": "Templeton, Fidelity, and others saying"}, {"start": "00:00:52", "end": "00:00:57", "text": "that a crypto bull market is underway."}, {"start": "00:00:54", "end": "00:00:59", "text": "The flows into Bitcoin ETFs also turned"}, {"start": "00:00:57", "end": "00:01:01", "text": "positive year-to-date. That won't happen"}, {"start": "00:00:59", "end": "00:01:04", "text": "in a bear market. In the third quarter,"}, {"start": "00:01:01", "end": "00:01:06", "text": "crypto crushed other macro assets by a"}, {"start": "00:01:04", "end": "00:01:08", "text": "country mile. Keep in mind this came in"}, {"start": "00:01:06", "end": "00:01:09", "text": "the midst of a hawkish Fed, surging oil"}, {"start": "00:01:08", "end": "00:01:11", "text": "prices,"}, {"start": "00:01:09", "end": "00:01:12", "text": "global bond yields rising, and"}, {"start": "00:01:11", "end": "00:01:14", "text": "tightening financial conditions. So, the"}, {"start": "00:01:12", "end": "00:01:16", "text": "outperformance of crypto in the face of"}, {"start": "00:01:14", "end": "00:01:19", "text": "all that is a sign of a bull market. And"}, {"start": "00:01:16", "end": "00:01:21", "text": "lastly, keep in mind October 5th"}, {"start": "00:01:19", "end": "00:01:24", "text": "is the cycle bottom of the four-year"}, {"start": "00:01:21", "end": "00:01:25", "text": "cycle, meaning the bear market for"}, {"start": "00:01:24", "end": "00:01:28", "text": "Bitcoin ended and a bull market is"}, {"start": "00:01:25", "end": "00:01:28", "text": "starting."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "This is a massive warning for all crypto"}, {"start": "00:00:03", "end": "00:00:09", "text": "investors heading into 2027."}, {"start": "00:00:06", "end": "00:00:12", "text": "Legitimately, if you hold crypto, a"}, {"start": "00:00:09", "end": "00:00:14", "text": "substantial part of your portfolio is"}, {"start": "00:00:12", "end": "00:00:16", "text": "cryptocurrency and you're hearing all"}, {"start": "00:00:14", "end": "00:00:19", "text": "these phrases like biggest bull run"}, {"start": "00:00:16", "end": "00:00:22", "text": "ever, crypto can still make you rich."}, {"start": "00:00:19", "end": "00:00:23", "text": "This is your opportunity. And you don't"}, {"start": "00:00:22", "end": "00:00:25", "text": "understand what in my opinion is the"}, {"start": "00:00:23", "end": "00:00:28", "text": "single greatest risk, which is very"}, {"start": "00:00:25", "end": "00:00:30", "text": "possible. No other channel, by the way,"}, {"start": "00:00:28", "end": "00:00:33", "text": "is speaking about this. I will I will"}, {"start": "00:00:30", "end": "00:00:36", "text": "not stay silent right on altcoin daily"}, {"start": "00:00:33", "end": "00:00:38", "text": "we do our best to give you all the news"}, {"start": "00:00:36", "end": "00:00:39", "text": "good or and bad as a crypto investor so"}, {"start": "00:00:38", "end": "00:00:42", "text": "you have all the information and can"}, {"start": "00:00:39", "end": "00:00:45", "text": "make the best decision for you so what's"}, {"start": "00:00:42", "end": "00:00:47", "text": "the risk and for perspective my name's"}, {"start": "00:00:45", "end": "00:00:50", "text": "Austin I've been in the crypto market"}, {"start": "00:00:47", "end": "00:00:51", "text": "for over nine years I've spoken to some"}, {"start": "00:00:50", "end": "00:00:54", "text": "of the biggest names on the biggest"}, {"start": "00:00:51", "end": "00:00:56", "text": "stages the biggest names in crypto and"}, {"start": "00:00:54", "end": "00:00:58", "text": "it should be noted I'm not talking about"}, {"start": "00:00:56", "end": "00:01:00", "text": "right a black swan event I I'm not"}, {"start": "00:00:58", "end": "00:01:02", "text": "talking about, and knock on wood, this"}, {"start": "00:01:00", "end": "00:01:06", "text": "is all hypothetical, but I'm not talking"}, {"start": "00:01:02", "end": "00:01:08", "text": "about a a nuclear event or another 119"}, {"start": "00:01:06", "end": "00:01:10", "text": "reverse that or another global pandemic,"}, {"start": "00:01:08", "end": "00:01:11", "text": "right? Obviously, anything like that"}, {"start": "00:01:10", "end": "00:01:14", "text": "that you can't predict, which is by"}, {"start": "00:01:11", "end": "00:01:15", "text": "definition a black swan that could kill"}, {"start": "00:01:14", "end": "00:01:17", "text": "any market. So, we're not talking about"}, {"start": "00:01:15", "end": "00:01:20", "text": "that. We're talking about something more"}, {"start": "00:01:17", "end": "00:01:23", "text": "realistic. Not that those aren't, but"}, {"start": "00:01:20", "end": "00:01:26", "text": "the the three things the three things"}, {"start": "00:01:23", "end": "00:01:28", "text": "that are driving this wealth creation in"}, {"start": "00:01:26", "end": "00:01:30", "text": "crypto, the narrative change, what's"}, {"start": "00:01:28", "end": "00:01:32", "text": "changed? Because I do believe that"}, {"start": "00:01:30", "end": "00:01:33", "text": "Bitcoin the price in the next 1 to three"}, {"start": "00:01:32", "end": "00:01:35", "text": "years is about to get a whole lot"}, {"start": "00:01:33", "end": "00:01:38", "text": "bigger. Money is about to flow into this"}, {"start": "00:01:35", "end": "00:01:40", "text": "crypto space a whole lot more than what"}, {"start": "00:01:38", "end": "00:01:42", "text": "has flowed in the past because really"}, {"start": "00:01:40", "end": "00:01:44", "text": "three things have changed. They're now"}, {"start": "00:01:42", "end": "00:01:48", "text": "led on all these on-ramps for big big"}, {"start": "00:01:44", "end": "00:01:51", "text": "money. Number one, in the last year to"}, {"start": "00:01:48", "end": "00:01:54", "text": "two years, we've had a huge regulatory"}, {"start": "00:01:51", "end": "00:01:56", "text": "shift in this crypto space. Meaning, we"}, {"start": "00:01:54", "end": "00:01:58", "text": "have regulation. We have clarity now"}, {"start": "00:01:56", "end": "00:02:00", "text": "through the SEC, the CFTC. And that is"}, {"start": "00:01:58", "end": "00:02:03", "text": "so different. That is night and day"}, {"start": "00:02:00", "end": "00:02:05", "text": "different than what crypto and crypto"}, {"start": "00:02:03", "end": "00:02:08", "text": "holders and the and the price of crypto"}, {"start": "00:02:05", "end": "00:02:10", "text": "has had to go through in the last about"}, {"start": "00:02:08", "end": "00:02:14", "text": "10 years. That was the Gary Gensler era."}, {"start": "00:02:10", "end": "00:02:16", "text": "That was the SEC being punitive, right?"}, {"start": "00:02:14", "end": "00:02:19", "text": "Crypto was a scourge on traditional"}, {"start": "00:02:16", "end": "00:02:23", "text": "finance. Bitcoin and Ethereum and some"}, {"start": "00:02:19", "end": "00:02:25", "text": "altcoins grew in spite of the SEC, the"}, {"start": "00:02:23", "end": "00:02:28", "text": "guy that's supposed to make the rules,"}, {"start": "00:02:25", "end": "00:02:32", "text": "legitimately not being able to tell us"}, {"start": "00:02:28", "end": "00:02:35", "text": "is Ethereum a commodity or a security."}, {"start": "00:02:32", "end": "00:02:37", "text": ">> Is it an e is ether a commodity or a"}, {"start": "00:02:35", "end": "00:02:39", "text": "security? And again, it depends on the"}, {"start": "00:02:37", "end": "00:02:39", "text": "facts and the law and if there's a group"}, {"start": "00:02:39", "end": "00:02:41", "text": "of"}, {"start": "00:02:39", "end": "00:02:43", "text": ">> I'm asking about the facts and the law"}, {"start": "00:02:41", "end": "00:02:45", "text": "sitting in your seat and the judgment"}, {"start": "00:02:43", "end": "00:02:47", "text": "you are making."}, {"start": "00:02:45", "end": "00:02:49", "text": ">> And so, uh, Mr. Chair, I think you you"}, {"start": "00:02:47", "end": "00:02:50", "text": "would not want me to prejudge because"}, {"start": "00:02:49", "end": "00:02:52", "text": "I'm also"}, {"start": "00:02:50", "end": "00:02:54", "text": ">> But you have prejudged on this. You've"}, {"start": "00:02:52", "end": "00:02:56", "text": "taken you've taken 50 enforcement"}, {"start": "00:02:54", "end": "00:02:57", "text": "actions. We're finding out as we go, as"}, {"start": "00:02:56", "end": "00:02:59", "text": "you file suit."}, {"start": "00:02:57", "end": "00:03:01", "text": ">> He's the guy that makes the rules and he"}, {"start": "00:02:59", "end": "00:03:04", "text": "refused to tell us. And and and all that"}, {"start": "00:03:01", "end": "00:03:08", "text": "big money, what do they hate? Big money"}, {"start": "00:03:04", "end": "00:03:10", "text": "hates ambiguity. We now have clarity."}, {"start": "00:03:08", "end": "00:03:13", "text": "The ambiguity is is is gone and that's a"}, {"start": "00:03:10", "end": "00:03:16", "text": "big regulatory shift. Uh that means and"}, {"start": "00:03:13", "end": "00:03:18", "text": "we've already seen this. Big money feels"}, {"start": "00:03:16", "end": "00:03:20", "text": "a lot more comfortably comfortable"}, {"start": "00:03:18", "end": "00:03:23", "text": "entering this space for the first time"}, {"start": "00:03:20", "end": "00:03:24", "text": "ever. So that's fact. Big money is"}, {"start": "00:03:23", "end": "00:03:27", "text": "coming into crypto. Crypto will be a"}, {"start": "00:03:24", "end": "00:03:28", "text": "whole lot bigger. That's number one."}, {"start": "00:03:27", "end": "00:03:31", "text": "What's the second thing that's changed?"}, {"start": "00:03:28", "end": "00:03:34", "text": "It's starting to rain. The second thing"}, {"start": "00:03:31", "end": "00:03:37", "text": "that has changed is stable coin adoption"}, {"start": "00:03:34", "end": "00:03:39", "text": "and asset tokenization. And you may ask,"}, {"start": "00:03:37", "end": "00:03:41", "text": "Austin, stable coins are just dollar."}, {"start": "00:03:39", "end": "00:03:43", "text": "They're pegged to a dollar. They trade"}, {"start": "00:03:41", "end": "00:03:45", "text": "one to one. How could that possibly"}, {"start": "00:03:43", "end": "00:03:46", "text": "affect my bags? Because if you if"}, {"start": "00:03:45", "end": "00:03:48", "text": "institutions are buying all these stable"}, {"start": "00:03:46", "end": "00:03:52", "text": "coins, which they clearly are. The"}, {"start": "00:03:48", "end": "00:03:54", "text": "market is about to 10x, I believe, then"}, {"start": "00:03:52", "end": "00:03:56", "text": "that's going to help my bags. And the"}, {"start": "00:03:54", "end": "00:03:59", "text": "answer is no. Not directly, but"}, {"start": "00:03:56", "end": "00:04:01", "text": "indirectly what does that do to invest"}, {"start": "00:03:59", "end": "00:04:04", "text": "in stable coins? That puts a crypto"}, {"start": "00:04:01", "end": "00:04:07", "text": "wallet in the pockets of every single"}, {"start": "00:04:04", "end": "00:04:08", "text": "institutional player globally around the"}, {"start": "00:04:07", "end": "00:04:11", "text": "world to transact in stable coins, which"}, {"start": "00:04:08", "end": "00:04:14", "text": "the US government is pushing. It puts a"}, {"start": "00:04:11", "end": "00:04:18", "text": "crypto wallet in your pocket. It puts a"}, {"start": "00:04:14", "end": "00:04:19", "text": "crypto it integration into the software"}, {"start": "00:04:18", "end": "00:04:22", "text": "now of the biggest banks, the biggest"}, {"start": "00:04:19", "end": "00:04:24", "text": "financial players. They have to"}, {"start": "00:04:22", "end": "00:04:26", "text": "integrate into the cryptocurrency"}, {"start": "00:04:24", "end": "00:04:29", "text": "market. So that's a big shift. Again,"}, {"start": "00:04:26", "end": "00:04:31", "text": "you ask me, Austin, I do hear the big"}, {"start": "00:04:29", "end": "00:04:32", "text": "bull run is coming, but where's the new"}, {"start": "00:04:31", "end": "00:04:34", "text": "buyers? What's the new players? This is"}, {"start": "00:04:32", "end": "00:04:36", "text": "it. This is how it happens. This is the"}, {"start": "00:04:34", "end": "00:04:39", "text": "highways opening up. This is the on-ramp"}, {"start": "00:04:36", "end": "00:04:43", "text": "coming. That's stable coins. And then"}, {"start": "00:04:39", "end": "00:04:47", "text": "leads to uh asset tokenization, real"}, {"start": "00:04:43", "end": "00:04:49", "text": "world assets. Again, the equities market"}, {"start": "00:04:47", "end": "00:04:51", "text": "being tokenized, that's happening. The"}, {"start": "00:04:49", "end": "00:04:54", "text": "equities market is hundreds of trillions"}, {"start": "00:04:51", "end": "00:04:56", "text": "of dollars. the real estate market."}, {"start": "00:04:54", "end": "00:04:58", "text": "Hundreds of trillions of dollars. A lot"}, {"start": "00:04:56", "end": "00:05:01", "text": "of that's being tokenized. This is just"}, {"start": "00:04:58", "end": "00:05:03", "text": "a better mousetrap, right? In order,"}, {"start": "00:05:01", "end": "00:05:06", "text": "it's raining. This is information they"}, {"start": "00:05:03", "end": "00:05:07", "text": "don't want you to know."}, {"start": "00:05:06", "end": "00:05:09", "text": "A large amount of money is coming into"}, {"start": "00:05:07", "end": "00:05:10", "text": "the space. I'll make it quick. And"}, {"start": "00:05:09", "end": "00:05:13", "text": "number three, what has changed"}, {"start": "00:05:10", "end": "00:05:15", "text": "fundamentally is uh revenue generating"}, {"start": "00:05:13", "end": "00:05:18", "text": "tokens. Again, it was kind of a meme. It"}, {"start": "00:05:15", "end": "00:05:19", "text": "was a meme for for the last 10 plus"}, {"start": "00:05:18", "end": "00:05:24", "text": "years of crypto. Yeah, there's a lot of"}, {"start": "00:05:19", "end": "00:05:24", "text": "tokens, but they don't"}, {"start": "00:05:25", "end": "00:05:28", "text": "Yeah, there there's a lot of tokens, but"}, {"start": "00:05:26", "end": "00:05:29", "text": "they don't have value, right? Maybe that"}, {"start": "00:05:28", "end": "00:05:31", "text": "comp the equity of the company has a"}, {"start": "00:05:29", "end": "00:05:33", "text": "value, but the tokens don't really have"}, {"start": "00:05:31", "end": "00:05:34", "text": "value. The tokens only go down, right?"}, {"start": "00:05:33", "end": "00:05:37", "text": "If you've been in crypto, you've seen"}, {"start": "00:05:34", "end": "00:05:38", "text": "the chart over and over and over again."}, {"start": "00:05:37", "end": "00:05:41", "text": "Damn, I guess that token didn't really"}, {"start": "00:05:38", "end": "00:05:43", "text": "have utility. That was true back then"}, {"start": "00:05:41", "end": "00:05:44", "text": "because it was we weren't allowed the"}, {"start": "00:05:43", "end": "00:05:47", "text": "companies literally weren't allowed to"}, {"start": "00:05:44", "end": "00:05:48", "text": "treat their token like a like a stock"}, {"start": "00:05:47", "end": "00:05:50", "text": "like an equity investment in the"}, {"start": "00:05:48", "end": "00:05:52", "text": "company. That's totally changed and we"}, {"start": "00:05:50", "end": "00:05:56", "text": "can see that with hyperlquid right an"}, {"start": "00:05:52", "end": "00:05:57", "text": "investment in the token is an investment"}, {"start": "00:05:56", "end": "00:05:59", "text": "um in the value of the company. The"}, {"start": "00:05:57", "end": "00:06:02", "text": "company has stated that as our company"}, {"start": "00:05:59", "end": "00:06:03", "text": "gets bigger, we're going to buy back the"}, {"start": "00:06:02", "end": "00:06:05", "text": "token and all the value is going to flow"}, {"start": "00:06:03", "end": "00:06:08", "text": "to token holders. They couldn't have"}, {"start": "00:06:05", "end": "00:06:11", "text": "done that in the old regulatory regime."}, {"start": "00:06:08", "end": "00:06:13", "text": "That's new. The old tokens are also"}, {"start": "00:06:11", "end": "00:06:14", "text": "changing. What do we see? Unis swap for"}, {"start": "00:06:13", "end": "00:06:16", "text": "a long time. Unis swap the number one"}, {"start": "00:06:14", "end": "00:06:18", "text": "DEX on Ethereum decentralized exchange"}, {"start": "00:06:16", "end": "00:06:22", "text": "was getting all this volume. It was"}, {"start": "00:06:18", "end": "00:06:23", "text": "getting all this uh use and users, but"}, {"start": "00:06:22", "end": "00:06:26", "text": "why didn't the token really see a lot of"}, {"start": "00:06:23", "end": "00:06:29", "text": "value? I mean, it it did okay, but did a"}, {"start": "00:06:26", "end": "00:06:31", "text": "flow to the token? No, not directly. I"}, {"start": "00:06:29", "end": "00:06:34", "text": "wouldn't say that's changed, right? they"}, {"start": "00:06:31", "end": "00:06:36", "text": "had an upgrade or they had a governance"}, {"start": "00:06:34", "end": "00:06:38", "text": "vote and they're now buying back the"}, {"start": "00:06:36", "end": "00:06:40", "text": "token, the more use on the protocol. So"}, {"start": "00:06:38", "end": "00:06:43", "text": "that means"}, {"start": "00:06:40", "end": "00:06:45", "text": "literally as we see adoption from all"}, {"start": "00:06:43", "end": "00:06:48", "text": "these products uh from all these players"}, {"start": "00:06:45", "end": "00:06:50", "text": "into the crypto system, a lot of these"}, {"start": "00:06:48", "end": "00:06:52", "text": "tokens now get direct value the more"}, {"start": "00:06:50", "end": "00:06:55", "text": "it's used. Those are three fundamental"}, {"start": "00:06:52", "end": "00:06:57", "text": "things that have changed. So, I say all"}, {"start": "00:06:55", "end": "00:07:00", "text": "this to say, and by the way, if you're"}, {"start": "00:06:57", "end": "00:07:02", "text": "getting value in today's video,"}, {"start": "00:07:00", "end": "00:07:04", "text": "give it a like. Send this to a friend."}, {"start": "00:07:02", "end": "00:07:06", "text": "It truly does help me grow as a channel."}, {"start": "00:07:04", "end": "00:07:07", "text": "I'm trying to educate the masses. We're"}, {"start": "00:07:06", "end": "00:07:10", "text": "going to be smarter investors. If you"}, {"start": "00:07:07", "end": "00:07:12", "text": "subscribe to Alcoin Daily, I believe by"}, {"start": "00:07:10", "end": "00:07:14", "text": "having an edge. What's the edge? Is by"}, {"start": "00:07:12", "end": "00:07:15", "text": "staying informed. That's the number one"}, {"start": "00:07:14", "end": "00:07:17", "text": "free thing you can do. It cost you"}, {"start": "00:07:15", "end": "00:07:21", "text": "nothing. Let's just stay informed. But"}, {"start": "00:07:17", "end": "00:07:23", "text": "that's all to say that when people say"}, {"start": "00:07:21", "end": "00:07:24", "text": "the biggest crypto bull run ever,"}, {"start": "00:07:23", "end": "00:07:27", "text": "cryptocurrency can still make you rich."}, {"start": "00:07:24", "end": "00:07:30", "text": "You can be a crypto millionaire. I 100%"}, {"start": "00:07:27", "end": "00:07:33", "text": "believe that like like truly truly I"}, {"start": "00:07:30", "end": "00:07:35", "text": "100% believe uh that this space is"}, {"start": "00:07:33", "end": "00:07:37", "text": "getting bigger. So what's the risk? The"}, {"start": "00:07:35", "end": "00:07:40", "text": "most legitimate risk and I actually was"}, {"start": "00:07:37", "end": "00:07:42", "text": "listening to a uh uh uh conversation"}, {"start": "00:07:40", "end": "00:07:44", "text": "between Rick Edelman uh financial"}, {"start": "00:07:42", "end": "00:07:46", "text": "adviser and Matt Hogan, friend of the"}, {"start": "00:07:44", "end": "00:07:48", "text": "channel. Two institutional guys. They're"}, {"start": "00:07:46", "end": "00:07:52", "text": "also crypto experts and I I agree with"}, {"start": "00:07:48", "end": "00:07:55", "text": "them. The biggest single risk to crypto"}, {"start": "00:07:52", "end": "00:07:59", "text": "is regulatory capture. Meaning as"}, {"start": "00:07:55", "end": "00:08:01", "text": "regulation as uh as uh companies and"}, {"start": "00:07:59", "end": "00:08:03", "text": "institutions enter this space, they're"}, {"start": "00:08:01", "end": "00:08:06", "text": "going to build a mode around them."}, {"start": "00:08:03", "end": "00:08:07", "text": "They're going to stifle DeFi so they can"}, {"start": "00:08:06", "end": "00:08:09", "text": "build the products, they can make the"}, {"start": "00:08:07", "end": "00:08:11", "text": "money because I mean the argument would"}, {"start": "00:08:09", "end": "00:08:13", "text": "be why do they want a decentralized"}, {"start": "00:08:11", "end": "00:08:14", "text": "protocol like Uniswap"}, {"start": "00:08:13", "end": "00:08:16", "text": "making the money? They'd rather build"}, {"start": "00:08:14", "end": "00:08:17", "text": "their own, right? They're not going to"}, {"start": "00:08:16", "end": "00:08:19", "text": "have the network effect. They're not"}, {"start": "00:08:17", "end": "00:08:21", "text": "going to have the liquidity, but they'll"}, {"start": "00:08:19", "end": "00:08:24", "text": "quell the innovation until they can get"}, {"start": "00:08:21", "end": "00:08:27", "text": "control. And let me give me give you a"}, {"start": "00:08:24", "end": "00:08:30", "text": "nuanced opinion of that. Bitcoin will be"}, {"start": "00:08:27", "end": "00:08:32", "text": "fine. Bitcoin is institutionalized."}, {"start": "00:08:30", "end": "00:08:34", "text": "I would also say a community public"}, {"start": "00:08:32", "end": "00:08:36", "text": "blockchain, general purpose blockchain"}, {"start": "00:08:34", "end": "00:08:38", "text": "like Ethereum, that's the second biggest"}, {"start": "00:08:36", "end": "00:08:40", "text": "one that's sort of grandfathered in,"}, {"start": "00:08:38", "end": "00:08:42", "text": "that will be fine. Those are already"}, {"start": "00:08:40", "end": "00:08:43", "text": "institutionalized largely. I'm talking"}, {"start": "00:08:42", "end": "00:08:46", "text": "about the rest of crypto, right? That's"}, {"start": "00:08:43", "end": "00:08:49", "text": "the a that's the unis swaps. That's the"}, {"start": "00:08:46", "end": "00:08:52", "text": "morphos, the defi protocols. Why would"}, {"start": "00:08:49", "end": "00:08:53", "text": "the institutions let the people make the"}, {"start": "00:08:52", "end": "00:08:55", "text": "money when they can build their own and"}, {"start": "00:08:53", "end": "00:08:57", "text": "make the money is the argument. And I'm"}, {"start": "00:08:55", "end": "00:08:58", "text": "not saying this will happen. I'm saying"}, {"start": "00:08:57", "end": "00:09:02", "text": "it could happen. And this is how you"}, {"start": "00:08:58", "end": "00:09:04", "text": "this is how you hedge that. Um something"}, {"start": "00:09:02", "end": "00:09:06", "text": "I liked that Rick Edelman and Matt Hogan"}, {"start": "00:09:04", "end": "00:09:07", "text": "were saying is that if you think it"}, {"start": "00:09:06", "end": "00:09:09", "text": "can't happen, look what happened with"}, {"start": "00:09:07", "end": "00:09:10", "text": "stable coins, right? Blockchain"}, {"start": "00:09:09", "end": "00:09:13", "text": "legitimately gives you the power, you"}, {"start": "00:09:10", "end": "00:09:15", "text": "and me, to get interest just in our"}, {"start": "00:09:13", "end": "00:09:17", "text": "crypto wallets. Before you needed banks"}, {"start": "00:09:15", "end": "00:09:19", "text": "to get interest, right? If I want 4% of"}, {"start": "00:09:17", "end": "00:09:21", "text": "my money, 3% I had to deposit my money"}, {"start": "00:09:19", "end": "00:09:24", "text": "in a bank, get a CD, go to a money"}, {"start": "00:09:21", "end": "00:09:26", "text": "market fund, um,"}, {"start": "00:09:24", "end": "00:09:28", "text": "crypto could change that. I could get a"}, {"start": "00:09:26", "end": "00:09:29", "text": "right in my wallet. And with the passage"}, {"start": "00:09:28", "end": "00:09:31", "text": "of the Genius Act, where they regulated"}, {"start": "00:09:29", "end": "00:09:34", "text": "cryp stable coins for the first time"}, {"start": "00:09:31", "end": "00:09:35", "text": "ever, the banks kept control of that."}, {"start": "00:09:34", "end": "00:09:37", "text": "They literally said, \"Make it illegal"}, {"start": "00:09:35", "end": "00:09:38", "text": "for the people to do it. We want to"}, {"start": "00:09:37", "end": "00:09:40", "text": "because you'll kill the independent"}, {"start": "00:09:38", "end": "00:09:42", "text": "banks. Uh make it so you have to come to"}, {"start": "00:09:40", "end": "00:09:44", "text": "the bank. So we've seen this before. So"}, {"start": "00:09:42", "end": "00:09:47", "text": "it's not out of the question. They could"}, {"start": "00:09:44", "end": "00:09:49", "text": "continue to do this. And I I guess the"}, {"start": "00:09:47", "end": "00:09:51", "text": "one solution would be I don't think"}, {"start": "00:09:49", "end": "00:09:53", "text": "it'll happen, but I'm aware it could"}, {"start": "00:09:51", "end": "00:09:54", "text": "happen and I'm watching. And again, the"}, {"start": "00:09:53", "end": "00:09:56", "text": "minute we start to see more clues, I'll"}, {"start": "00:09:54", "end": "00:09:58", "text": "keep you updated. That's the time to"}, {"start": "00:09:56", "end": "00:10:00", "text": "sell, right? I want to Anyway, the way"}, {"start": "00:09:58", "end": "00:10:02", "text": "to hedge that is number one, bet on the"}, {"start": "00:10:00", "end": "00:10:03", "text": "infrastructure. To me, that would be the"}, {"start": "00:10:02", "end": "00:10:04", "text": "Bitcoin and ETHs because they're"}, {"start": "00:10:03", "end": "00:10:09", "text": "institutionalized. They're the safer"}, {"start": "00:10:04", "end": "00:10:12", "text": "place. Um, and two would be to bet on"}, {"start": "00:10:09", "end": "00:10:14", "text": "the crypto companies, the the the"}, {"start": "00:10:12", "end": "00:10:16", "text": "plumbing so to speak, the Coinbases, the"}, {"start": "00:10:14", "end": "00:10:19", "text": "Robin Hoods, right? Because Robin Hood"}, {"start": "00:10:16", "end": "00:10:21", "text": "is trying to go into DeFi, but if they"}, {"start": "00:10:19", "end": "00:10:23", "text": "are just worried about the bottom line,"}, {"start": "00:10:21", "end": "00:10:25", "text": "shareholder value, right? They'll"}, {"start": "00:10:23", "end": "00:10:26", "text": "they'll just funnel people into their"}, {"start": "00:10:25", "end": "00:10:28", "text": "own thing. So, invest in the companies"}, {"start": "00:10:26", "end": "00:10:30", "text": "and the plumbing or the grandfathered in"}, {"start": "00:10:28", "end": "00:10:33", "text": "protocols. That's the single biggest"}, {"start": "00:10:30", "end": "00:10:35", "text": "risk to crypto. If you got value, again,"}, {"start": "00:10:33", "end": "00:10:38", "text": "give it a like. My name's Austin. I will"}, {"start": "00:10:35", "end": "00:10:38", "text": "see you tomorrow."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Let's get into the market today. We're"}, {"start": "00:00:01", "end": "00:00:06", "text": "going to be breaking down everything"}, {"start": "00:00:02", "end": "00:00:08", "text": "like Bitcoin, the AI trade, is it time"}, {"start": "00:00:06", "end": "00:00:09", "text": "to do it? And we'll also take a look at"}, {"start": "00:00:08", "end": "00:00:11", "text": "some of the breaking news. We've got"}, {"start": "00:00:09", "end": "00:00:14", "text": "things coming in from XRP, from Circle,"}, {"start": "00:00:11", "end": "00:00:16", "text": "Ethereum in general. I think what we're"}, {"start": "00:00:14", "end": "00:00:18", "text": "seeing in the market right now is maybe"}, {"start": "00:00:16", "end": "00:00:20", "text": "a little bit of a stall. The question"}, {"start": "00:00:18", "end": "00:00:21", "text": "is, does this perform by the end of the"}, {"start": "00:00:20", "end": "00:00:23", "text": "year? We'll break into all that good"}, {"start": "00:00:21", "end": "00:00:25", "text": "stuff with Evan Aldo, who's going to be"}, {"start": "00:00:23", "end": "00:00:27", "text": "joining me here in a moment. Before we"}, {"start": "00:00:25", "end": "00:00:28", "text": "get started on that, I do want to of"}, {"start": "00:00:27", "end": "00:00:30", "text": "course thank our sponsor, and that is"}, {"start": "00:00:28", "end": "00:00:32", "text": "Robin Hood. If you guys have not checked"}, {"start": "00:00:30", "end": "00:00:34", "text": "out Robin Hood, I want you to do it"}, {"start": "00:00:32", "end": "00:00:37", "text": "right now. And that, of course, is just"}, {"start": "00:00:34", "end": "00:00:39", "text": "jump over. You guys can trade 24/7 over"}, {"start": "00:00:37", "end": "00:00:41", "text": "on Robin Hood. And it's very easy to set"}, {"start": "00:00:39", "end": "00:00:45", "text": "up, too. This is something that you can"}, {"start": "00:00:41", "end": "00:00:48", "text": "get into ETFs, options, futures,"}, {"start": "00:00:45", "end": "00:00:49", "text": "obviously, stocks, and crypto. Uh, this,"}, {"start": "00:00:48", "end": "00:00:52", "text": "of course, also has one of the best"}, {"start": "00:00:49", "end": "00:00:53", "text": "tools out there in terms of their new"}, {"start": "00:00:52", "end": "00:00:56", "text": "advanced trading tools. And if you"}, {"start": "00:00:53", "end": "00:00:58", "text": "haven't checked it out, you need to cuz"}, {"start": "00:00:56", "end": "00:01:01", "text": "it is one of the tools I think that uh"}, {"start": "00:00:58", "end": "00:01:03", "text": "people will be using more and more. So"}, {"start": "00:01:01", "end": "00:01:06", "text": "you guys can use our link. It's going to"}, {"start": "00:01:03", "end": "00:01:09", "text": "give you up to 200 bucks in a stock of"}, {"start": "00:01:06", "end": "00:01:11", "text": "your choosing. So use the link down"}, {"start": "00:01:09", "end": "00:01:13", "text": "below and just get started on using"}, {"start": "00:01:11", "end": "00:01:15", "text": "Robin Hood. Let's go into it today. And"}, {"start": "00:01:13", "end": "00:01:17", "text": "I want to start off with Evan and look"}, {"start": "00:01:15", "end": "00:01:20", "text": "at the market in the sense of whether or"}, {"start": "00:01:17", "end": "00:01:22", "text": "not we are in the right trade or not. So"}, {"start": "00:01:20", "end": "00:01:23", "text": "I want to welcome in Mr. Evan Aldo. How"}, {"start": "00:01:22", "end": "00:01:24", "text": "are you, Evan?"}, {"start": "00:01:23", "end": "00:01:25", "text": ">> Doing well. Doing well. Always great"}, {"start": "00:01:24", "end": "00:01:28", "text": "talking to you, Paul."}, {"start": "00:01:25", "end": "00:01:30", "text": ">> All right. So, the right trade is the"}, {"start": "00:01:28", "end": "00:01:32", "text": "question. You could look at many people"}, {"start": "00:01:30", "end": "00:01:35", "text": "saying, \"Hey, listen. I'm I'm always"}, {"start": "00:01:32", "end": "00:01:37", "text": "looking at diversifying or maybe people"}, {"start": "00:01:35", "end": "00:01:39", "text": "are looking at pure narrative trades.\""}, {"start": "00:01:37", "end": "00:01:42", "text": "And if you've been in the AI narrative"}, {"start": "00:01:39", "end": "00:01:44", "text": "trade, if you look at the S&P 500, you"}, {"start": "00:01:42", "end": "00:01:47", "text": "can kind of see we have been nothing but"}, {"start": "00:01:44", "end": "00:01:50", "text": "up for the most part over since March."}, {"start": "00:01:47", "end": "00:01:52", "text": "So when you look at the AI narrative in"}, {"start": "00:01:50", "end": "00:01:53", "text": "general, uh Evan, what's your current"}, {"start": "00:01:52", "end": "00:01:56", "text": "position right now? Are you still"}, {"start": "00:01:53", "end": "00:01:57", "text": "diversified into stocks and crypto and"}, {"start": "00:01:56", "end": "00:02:00", "text": "what else?"}, {"start": "00:01:57", "end": "00:02:03", "text": ">> So I don't have too much exposure to AI"}, {"start": "00:02:00", "end": "00:02:05", "text": "right now. My view is that Bitcoin"}, {"start": "00:02:03", "end": "00:02:07", "text": "potentially would outperform or more"}, {"start": "00:02:05", "end": "00:02:09", "text": "very likely would outperform AI in"}, {"start": "00:02:07", "end": "00:02:11", "text": "general in the second half of this year"}, {"start": "00:02:09", "end": "00:02:13", "text": "and potentially over the next two years"}, {"start": "00:02:11", "end": "00:02:15", "text": "because Bitcoin has been so depressed"}, {"start": "00:02:13", "end": "00:02:18", "text": "against Nvidia. He was down about 94% I"}, {"start": "00:02:15", "end": "00:02:21", "text": "think against Nvidia as of June 31st. So"}, {"start": "00:02:18", "end": "00:02:23", "text": "that was my consensus. I am pretty still"}, {"start": "00:02:21", "end": "00:02:25", "text": "pretty heavy Bitcoin. I have Ethereum. I"}, {"start": "00:02:23", "end": "00:02:26", "text": "have a few I took some partial profits"}, {"start": "00:02:25", "end": "00:02:28", "text": "on some of the riskier crypto plays"}, {"start": "00:02:26", "end": "00:02:30", "text": "because we've jumped up a lot and I was"}, {"start": "00:02:28", "end": "00:02:32", "text": "up 100% on certain proxies and certain"}, {"start": "00:02:30", "end": "00:02:34", "text": "things. And then I converted a lot of"}, {"start": "00:02:32", "end": "00:02:37", "text": "those over into XLE, which is the energy"}, {"start": "00:02:34", "end": "00:02:39", "text": "ETF and oil, which I thought that oil"}, {"start": "00:02:37", "end": "00:02:42", "text": "and energy would outperform Bitcoin and"}, {"start": "00:02:39", "end": "00:02:44", "text": "AI potentially from October to the end"}, {"start": "00:02:42", "end": "00:02:46", "text": "of the year. That's why I made that"}, {"start": "00:02:44", "end": "00:02:47", "text": "trade. And so far, that's been doing"}, {"start": "00:02:46", "end": "00:02:49", "text": "well. Now, I'm planning on converting"}, {"start": "00:02:47", "end": "00:02:51", "text": "that back over to crypto, you know, when"}, {"start": "00:02:49", "end": "00:02:53", "text": "the time may be right. That may be as"}, {"start": "00:02:51", "end": "00:02:55", "text": "soon as a few weeks up to a few months"}, {"start": "00:02:53", "end": "00:02:56", "text": "depending on how the momentum plays out."}, {"start": "00:02:55", "end": "00:02:59", "text": "So yeah,"}, {"start": "00:02:56", "end": "00:03:01", "text": ">> you've got uh the US issuing fresh"}, {"start": "00:02:59", "end": "00:03:04", "text": "Iranian related sanctions. So this could"}, {"start": "00:03:01", "end": "00:03:06", "text": "be a scenario right now where we could"}, {"start": "00:03:04", "end": "00:03:09", "text": "see the energy stocks and oil in general"}, {"start": "00:03:06", "end": "00:03:11", "text": "continue to move. Is there are there"}, {"start": "00:03:09", "end": "00:03:13", "text": "other stocks that you've seen within the"}, {"start": "00:03:11", "end": "00:03:15", "text": "energy sector? I know this is the ETF"}, {"start": "00:03:13", "end": "00:03:16", "text": "side, but what about getting just direct"}, {"start": "00:03:15", "end": "00:03:18", "text": "exposure? Something like a Bloom Energy"}, {"start": "00:03:16", "end": "00:03:21", "text": "or something of that nature?"}, {"start": "00:03:18", "end": "00:03:22", "text": ">> Yeah, there's a few definitely. I mean,"}, {"start": "00:03:21", "end": "00:03:24", "text": "you know, the big ones like Exxon"}, {"start": "00:03:22", "end": "00:03:25", "text": "Mobile, there's the accidental petroleum"}, {"start": "00:03:24", "end": "00:03:27", "text": "one. I think that's done pretty well."}, {"start": "00:03:25", "end": "00:03:29", "text": "That's the one Bergkshire Hathaway owns."}, {"start": "00:03:27", "end": "00:03:32", "text": "So, there's definitely a few. Yeah."}, {"start": "00:03:29", "end": "00:03:35", "text": ">> What? Okay. So, let's take a quick look"}, {"start": "00:03:32", "end": "00:03:38", "text": "at Bitcoin on your chart. And first of"}, {"start": "00:03:35", "end": "00:03:40", "text": "all, give me an insight because we saw"}, {"start": "00:03:38", "end": "00:03:42", "text": "this start to slide down. It looked like"}, {"start": "00:03:40", "end": "00:03:45", "text": "it was going to lose 80K. Were you at"}, {"start": "00:03:42", "end": "00:03:46", "text": "all worried that we could see a sub 80K"}, {"start": "00:03:45", "end": "00:03:48", "text": "Bitcoin?"}, {"start": "00:03:46", "end": "00:03:50", "text": ">> Yeah, I think we probably will just"}, {"start": "00:03:48", "end": "00:03:52", "text": "based on seasonality and healthy"}, {"start": "00:03:50", "end": "00:03:53", "text": "corrections, but that's not like that"}, {"start": "00:03:52", "end": "00:03:55", "text": "the worst thing in the world. Generally"}, {"start": "00:03:53", "end": "00:03:56", "text": "around this time that midterm kind of"}, {"start": "00:03:55", "end": "00:03:58", "text": "correction thing usually you see at"}, {"start": "00:03:56", "end": "00:04:02", "text": "least you know 10 to 20%. Usually it's"}, {"start": "00:03:58", "end": "00:04:03", "text": "somewhere between 10 and 20%. So 20%"}, {"start": "00:04:02", "end": "00:04:05", "text": "which I would say probably your worst"}, {"start": "00:04:03", "end": "00:04:08", "text": "case scenario shy of something crazy"}, {"start": "00:04:05", "end": "00:04:12", "text": "happening is probably 69k um you could"}, {"start": "00:04:08", "end": "00:04:14", "text": "skate by with you know 74k mid70s in all"}, {"start": "00:04:12", "end": "00:04:16", "text": "likelihood you probably do come lower"}, {"start": "00:04:14", "end": "00:04:17", "text": "and I would say the thing that would and"}, {"start": "00:04:16", "end": "00:04:19", "text": "again I mean I think Bitcoin is still at"}, {"start": "00:04:17", "end": "00:04:20", "text": "a pretty good price 82k. I mean I"}, {"start": "00:04:19", "end": "00:04:22", "text": "wouldn't sell my Bitcoin. I'm not"}, {"start": "00:04:20", "end": "00:04:24", "text": "selling my Bitcoin here, but I think"}, {"start": "00:04:22", "end": "00:04:26", "text": "that you may get kind of some trigger"}, {"start": "00:04:24", "end": "00:04:28", "text": "waves or something on the two day"}, {"start": "00:04:26", "end": "00:04:30", "text": "similar to kind of what you saw back"}, {"start": "00:04:28", "end": "00:04:33", "text": "here. So, you may come down a bit more"}, {"start": "00:04:30", "end": "00:04:36", "text": "into midterms and then into maybe end of"}, {"start": "00:04:33", "end": "00:04:38", "text": "year 92K or quarter one next year. So,"}, {"start": "00:04:36", "end": "00:04:40", "text": "something like this kind of the healthy"}, {"start": "00:04:38", "end": "00:04:42", "text": "correction area um is I think you know"}, {"start": "00:04:40", "end": "00:04:44", "text": "the kind of the most likely scenario."}, {"start": "00:04:42", "end": "00:04:46", "text": "So, some consolidation nothing too too"}, {"start": "00:04:44", "end": "00:04:50", "text": "bad. So, yeah."}, {"start": "00:04:46", "end": "00:04:52", "text": ">> Okay. on that uh point with Bitcoin,"}, {"start": "00:04:50", "end": "00:04:53", "text": "you've got customer or people out there"}, {"start": "00:04:52", "end": "00:04:56", "text": "right now that are considering maybe"}, {"start": "00:04:53", "end": "00:04:58", "text": "buying Bitcoin for the first time. Is"}, {"start": "00:04:56", "end": "00:05:00", "text": "this the place to buy it right now or do"}, {"start": "00:04:58", "end": "00:05:03", "text": "you feel like we could see something"}, {"start": "00:05:00", "end": "00:05:05", "text": "closer to this midterm election that"}, {"start": "00:05:03", "end": "00:05:08", "text": "could push Bitcoin lower to where it"}, {"start": "00:05:05", "end": "00:05:10", "text": "could create another entry point?"}, {"start": "00:05:08", "end": "00:05:12", "text": ">> Yeah, I mean I think if you're you know"}, {"start": "00:05:10", "end": "00:05:14", "text": "the type of people that don't have any"}, {"start": "00:05:12", "end": "00:05:15", "text": "Bitcoin right now, I I think it's kind"}, {"start": "00:05:14", "end": "00:05:18", "text": "of foolish to try to wait. I I would at"}, {"start": "00:05:15", "end": "00:05:20", "text": "least try to kind of DCA right now. In"}, {"start": "00:05:18", "end": "00:05:22", "text": "all likelihood, you will see, you know,"}, {"start": "00:05:20", "end": "00:05:24", "text": "something a little bit lower than where"}, {"start": "00:05:22", "end": "00:05:26", "text": "we are right now. But keep in mind, you"}, {"start": "00:05:24", "end": "00:05:29", "text": "know, if you're somebody who is, you"}, {"start": "00:05:26", "end": "00:05:30", "text": "know, waiting at 60K and didn't get in"}, {"start": "00:05:29", "end": "00:05:32", "text": "when, you know, we were at peak, you"}, {"start": "00:05:30", "end": "00:05:34", "text": "know, extreme fear and all those things"}, {"start": "00:05:32", "end": "00:05:37", "text": "and now you're waiting now, like it's"}, {"start": "00:05:34", "end": "00:05:40", "text": "kind of like, you know, the 60K area was"}, {"start": "00:05:37", "end": "00:05:41", "text": "pretty obvious. The low 60s was pretty"}, {"start": "00:05:40", "end": "00:05:43", "text": "obvious if you're looking at fear and"}, {"start": "00:05:41", "end": "00:05:47", "text": "greed and history. Now is still a good"}, {"start": "00:05:43", "end": "00:05:48", "text": "place. So DCAing from now until end of"}, {"start": "00:05:47", "end": "00:05:50", "text": "year makes a lot of sense, especially if"}, {"start": "00:05:48", "end": "00:05:51", "text": "quarter 4"}, {"start": "00:05:50", "end": "00:05:54", "text": ">> has more weakness as it typically does"}, {"start": "00:05:51", "end": "00:05:58", "text": "in these midterm election years."}, {"start": "00:05:54", "end": "00:06:00", "text": ">> Before we get into Ethereum, I want to"}, {"start": "00:05:58", "end": "00:06:01", "text": "take a look at this right here uh"}, {"start": "00:06:00", "end": "00:06:04", "text": "because I think this might surprise"}, {"start": "00:06:01", "end": "00:06:06", "text": "people uh a little bit and that is"}, {"start": "00:06:04", "end": "00:06:08", "text": "what's going on with Tom Lee because"}, {"start": "00:06:06", "end": "00:06:11", "text": "this guy just will not stop. He is"}, {"start": "00:06:08", "end": "00:06:14", "text": "absolutely I mean come on 5,000 he's"}, {"start": "00:06:11", "end": "00:06:19", "text": "he's still calling for 5,000 end of year"}, {"start": "00:06:14", "end": "00:06:21", "text": "on ETH now chart ETH for me and tell me"}, {"start": "00:06:19", "end": "00:06:24", "text": "this makes sense to you or does it?"}, {"start": "00:06:21", "end": "00:06:26", "text": ">> Yeah he he makes sailor sound very"}, {"start": "00:06:24", "end": "00:06:28", "text": "bearish here. I mean yeah you know in"}, {"start": "00:06:26", "end": "00:06:29", "text": "all likelihood you do your typical kind"}, {"start": "00:06:28", "end": "00:06:31", "text": "of correction. I mean, I guess there's a"}, {"start": "00:06:29", "end": "00:06:32", "text": "possibility we could skate by with a"}, {"start": "00:06:31", "end": "00:06:34", "text": "$2300"}, {"start": "00:06:32", "end": "00:06:36", "text": "bottom, but I think somewhere between"}, {"start": "00:06:34", "end": "00:06:38", "text": "2,000 to 2100, you'd probably hit these"}, {"start": "00:06:36", "end": "00:06:39", "text": "areas and then into the end of the year,"}, {"start": "00:06:38", "end": "00:06:41", "text": "hopefully recovering back to where we"}, {"start": "00:06:39", "end": "00:06:43", "text": "are right now. Maybe 3K, you know,"}, {"start": "00:06:41", "end": "00:06:45", "text": "something like that would be kind of"}, {"start": "00:06:43", "end": "00:06:47", "text": "more realistic. I I don't know where Tom"}, {"start": "00:06:45", "end": "00:06:49", "text": "Lee really comes up with these numbers."}, {"start": "00:06:47", "end": "00:06:51", "text": "Didn't he say 50k the other week? It"}, {"start": "00:06:49", "end": "00:06:55", "text": "feels like they change a bit. Well, no,"}, {"start": "00:06:51", "end": "00:06:56", "text": "no, he his long-term outlook is 50K on"}, {"start": "00:06:55", "end": "00:06:58", "text": "ETH,"}, {"start": "00:06:56", "end": "00:07:00", "text": ">> uh, which I I'm still trying to put my"}, {"start": "00:06:58", "end": "00:07:02", "text": "head around. The other Well, part of it"}, {"start": "00:07:00", "end": "00:07:04", "text": "is within Fundstrap, but I think his"}, {"start": "00:07:02", "end": "00:07:06", "text": "Listen, he's talking his book. For many"}, {"start": "00:07:04", "end": "00:07:07", "text": "of you guys that are brand new to crypto"}, {"start": "00:07:06", "end": "00:07:10", "text": "and maybe watching our show for the"}, {"start": "00:07:07", "end": "00:07:14", "text": "first time, just understand that BMR"}, {"start": "00:07:10", "end": "00:07:17", "text": "is nearing in on 5% of the supply of"}, {"start": "00:07:14", "end": "00:07:18", "text": "Ethereum when that occurs. and he's even"}, {"start": "00:07:17", "end": "00:07:20", "text": "gone on record saying that they're going"}, {"start": "00:07:18", "end": "00:07:21", "text": "to stop buying and they're going to"}, {"start": "00:07:20", "end": "00:07:22", "text": "continue to just earn performance. I"}, {"start": "00:07:21", "end": "00:07:24", "text": "think they're going to start to shifting"}, {"start": "00:07:22", "end": "00:07:26", "text": "into some other tokens, probably"}, {"start": "00:07:24", "end": "00:07:28", "text": "something like Salana and a handful of"}, {"start": "00:07:26", "end": "00:07:30", "text": "others. But Evan, I want to play this"}, {"start": "00:07:28", "end": "00:07:32", "text": "video for you real quick because this is"}, {"start": "00:07:30", "end": "00:07:34", "text": "is essentially where I think he is"}, {"start": "00:07:32", "end": "00:07:36", "text": "looking at the market in general, but"}, {"start": "00:07:34", "end": "00:07:38", "text": "you'll understand maybe his thesis"}, {"start": "00:07:36", "end": "00:07:40", "text": "behind this. Here we go."}, {"start": "00:07:38", "end": "00:07:43", "text": ">> Yes, good morning, Joe. That's right. I"}, {"start": "00:07:40", "end": "00:07:46", "text": "think going into last week's jobs"}, {"start": "00:07:43", "end": "00:07:48", "text": "report, the market had been working with"}, {"start": "00:07:46", "end": "00:07:51", "text": "a maximum hawkish Fed, one that was"}, {"start": "00:07:48", "end": "00:07:54", "text": "going to raise three times, including a"}, {"start": "00:07:51", "end": "00:07:58", "text": "75% chance of an October hike. This jobs"}, {"start": "00:07:54", "end": "00:08:00", "text": "report has been softer. Um, we get an"}, {"start": "00:07:58", "end": "00:08:01", "text": "inflation report in two weeks for"}, {"start": "00:08:00", "end": "00:08:04", "text": "September."}, {"start": "00:08:01", "end": "00:08:05", "text": "It does, in our view,"}, {"start": "00:08:04", "end": "00:08:07", "text": "we believe there's these one-offs"}, {"start": "00:08:05", "end": "00:08:10", "text": "rolling off. And so I think there's over"}, {"start": "00:08:07", "end": "00:08:12", "text": "the next six months softer readings on"}, {"start": "00:08:10", "end": "00:08:14", "text": "inflation. And that allows not only the"}, {"start": "00:08:12", "end": "00:08:16", "text": "Fed to kind of walk back from its"}, {"start": "00:08:14", "end": "00:08:18", "text": "hawkishness, but I think it's going to"}, {"start": "00:08:16", "end": "00:08:20", "text": "allow bond yields to actually sort of"}, {"start": "00:08:18", "end": "00:08:23", "text": ">> I want to stop stop it right there"}, {"start": "00:08:20", "end": "00:08:26", "text": "because he said softer inflation over"}, {"start": "00:08:23", "end": "00:08:28", "text": "the next 6 months. Are you in that camp"}, {"start": "00:08:26", "end": "00:08:30", "text": "of that we could see softer inflation in"}, {"start": "00:08:28", "end": "00:08:33", "text": "the next 6 months?"}, {"start": "00:08:30", "end": "00:08:36", "text": ">> Yeah, probably. Probably. I I do think"}, {"start": "00:08:33", "end": "00:08:40", "text": "your your yields are getting ready to"}, {"start": "00:08:36", "end": "00:08:42", "text": "start to finally head down a little bit."}, {"start": "00:08:40", "end": "00:08:45", "text": ">> Look at the 30-year there 5.6"}, {"start": "00:08:42", "end": "00:08:48", "text": ">> 10 year holding at 5.283"}, {"start": "00:08:45", "end": "00:08:50", "text": "and uh the 5year at 5.0"}, {"start": "00:08:48", "end": "00:08:52", "text": "57. So,"}, {"start": "00:08:50", "end": "00:08:54", "text": ">> I mean, this would and I talked to"}, {"start": "00:08:52", "end": "00:08:55", "text": "Rebecca Waler yesterday and she, you"}, {"start": "00:08:54", "end": "00:08:57", "text": "know, off camerara her and I were kind"}, {"start": "00:08:55", "end": "00:09:00", "text": "of going back and forth and she said a"}, {"start": "00:08:57", "end": "00:09:03", "text": "lot of investors are now looking at"}, {"start": "00:09:00", "end": "00:09:05", "text": "these bonds as an alternative. The"}, {"start": "00:09:03", "end": "00:09:06", "text": "problem, and she pulled this out in the"}, {"start": "00:09:05", "end": "00:09:08", "text": "episode we did yesterday that I think a"}, {"start": "00:09:06", "end": "00:09:11", "text": "lot of people miss. If you don't take"}, {"start": "00:09:08", "end": "00:09:14", "text": "that bond to maturity, you end up losing"}, {"start": "00:09:11", "end": "00:09:16", "text": "money on these deals rather than if"}, {"start": "00:09:14", "end": "00:09:18", "text": "you're out there trading in the market."}, {"start": "00:09:16", "end": "00:09:21", "text": "So, just be aware of that. If this is a"}, {"start": "00:09:18", "end": "00:09:23", "text": "rotation going into bonds versus maybe"}, {"start": "00:09:21", "end": "00:09:26", "text": "holding into other assets including"}, {"start": "00:09:23", "end": "00:09:30", "text": "risk, uh be very careful with that. Now"}, {"start": "00:09:26", "end": "00:09:32", "text": "with him saying that is that inflation"}, {"start": "00:09:30", "end": "00:09:34", "text": "could get softer. You think it can"}, {"start": "00:09:32", "end": "00:09:36", "text": "listen to the rest of this. Here we go."}, {"start": "00:09:34", "end": "00:09:40", "text": ">> Normalize because there the inflation"}, {"start": "00:09:36", "end": "00:09:42", "text": "sort of uncertainty starts to ease. And"}, {"start": "00:09:40", "end": "00:09:44", "text": "I think there's a lot of clues cuz I"}, {"start": "00:09:42", "end": "00:09:47", "text": "think tech stocks making new highs and"}, {"start": "00:09:44", "end": "00:09:50", "text": "crypto doing so well. These can't do"}, {"start": "00:09:47", "end": "00:09:51", "text": "well in the face of tightening monetary"}, {"start": "00:09:50", "end": "00:09:53", "text": "conditions. So I think that they're"}, {"start": "00:09:51", "end": "00:09:54", "text": "anticipating easier financial conditions"}, {"start": "00:09:53", "end": "00:09:56", "text": "ahead."}, {"start": "00:09:54", "end": "00:09:58", "text": ">> So you're reading the tea leaves in in"}, {"start": "00:09:56", "end": "00:10:00", "text": "different uh markets for what's going"}, {"start": "00:09:58", "end": "00:10:02", "text": "on. That would be significant. Tom, so"}, {"start": "00:10:00", "end": "00:10:03", "text": "you you think what when you said yields"}, {"start": "00:10:02", "end": "00:10:04", "text": "will normalize, what do you think a"}, {"start": "00:10:03", "end": "00:10:06", "text": "normal yield?"}, {"start": "00:10:04", "end": "00:10:09", "text": ">> All right. So yields are going to"}, {"start": "00:10:06", "end": "00:10:11", "text": "normalize. uh he's basically saying this"}, {"start": "00:10:09", "end": "00:10:13", "text": "is going to be a little bit less"}, {"start": "00:10:11", "end": "00:10:14", "text": "pressure from the Fed and it looks like"}, {"start": "00:10:13", "end": "00:10:16", "text": "right now there's going to be a no"}, {"start": "00:10:14", "end": "00:10:18", "text": "change coming this month in October. How"}, {"start": "00:10:16", "end": "00:10:20", "text": "much of an impact do you think that has"}, {"start": "00:10:18", "end": "00:10:24", "text": "on crypto broader markets? So a lot of"}, {"start": "00:10:20", "end": "00:10:25", "text": "times when you see a change or a change"}, {"start": "00:10:24", "end": "00:10:26", "text": "from what they've been doing the last"}, {"start": "00:10:25", "end": "00:10:28", "text": "one they obviously raised. If you see a"}, {"start": "00:10:26", "end": "00:10:30", "text": "no change I think that's going to be"}, {"start": "00:10:28", "end": "00:10:31", "text": "bearish. I don't think it's going to be"}, {"start": "00:10:30", "end": "00:10:34", "text": "as bullish as people think. I think it"}, {"start": "00:10:31", "end": "00:10:36", "text": "could be bearish temporarily like until"}, {"start": "00:10:34", "end": "00:10:38", "text": "after midterms maybe a month based on"}, {"start": "00:10:36", "end": "00:10:39", "text": "seasonality. Nothing too bad. Like I"}, {"start": "00:10:38", "end": "00:10:41", "text": "said, I'm not that bearish. I mean, I"}, {"start": "00:10:39", "end": "00:10:44", "text": "think that they going to go to 69K,"}, {"start": "00:10:41", "end": "00:10:45", "text": "maybe retest the weekly 200, which would"}, {"start": "00:10:44", "end": "00:10:48", "text": "be in the high 60s, low 70s by the time"}, {"start": "00:10:45", "end": "00:10:50", "text": "we hit that. Something like that. You"}, {"start": "00:10:48", "end": "00:10:52", "text": "likely would see Tradfi cool off a"}, {"start": "00:10:50", "end": "00:10:54", "text": "little bit, too. You you could see a 5"}, {"start": "00:10:52", "end": "00:10:56", "text": "to 10% correction for the S&P 500"}, {"start": "00:10:54", "end": "00:10:58", "text": "between now and end of year. It would"}, {"start": "00:10:56", "end": "00:11:00", "text": "make sense with seasonality. And then I"}, {"start": "00:10:58", "end": "00:11:03", "text": "think once you get to quarter 4 or the"}, {"start": "00:11:00", "end": "00:11:05", "text": "FOMC meeting after um October's F FOMC"}, {"start": "00:11:03", "end": "00:11:07", "text": "meeting, then you could start to recover"}, {"start": "00:11:05", "end": "00:11:09", "text": "and see see more upside. So yeah,"}, {"start": "00:11:07", "end": "00:11:10", "text": ">> well, you look at the general market,"}, {"start": "00:11:09", "end": "00:11:13", "text": "Charles Schwab just rolled out Bitcoin"}, {"start": "00:11:10", "end": "00:11:16", "text": "and ETH uh for trading with 40 million"}, {"start": "00:11:13", "end": "00:11:18", "text": "clients. That 40 million clients, guys,"}, {"start": "00:11:16", "end": "00:11:20", "text": "just think about that for a second."}, {"start": "00:11:18", "end": "00:11:23", "text": "Their fees are going on crypto are going"}, {"start": "00:11:20", "end": "00:11:25", "text": "to be 75% per trade. That's fairly"}, {"start": "00:11:23", "end": "00:11:27", "text": "competitive."}, {"start": "00:11:25", "end": "00:11:30", "text": "And here's the other thing. They've got"}, {"start": "00:11:27", "end": "00:11:32", "text": "plans to add Salana avalanche chain link"}, {"start": "00:11:30", "end": "00:11:34", "text": "this year. So by end of year you're"}, {"start": "00:11:32", "end": "00:11:36", "text": "going to be able to trade any one of"}, {"start": "00:11:34", "end": "00:11:37", "text": "those Salana Avalanche chain link"}, {"start": "00:11:36", "end": "00:11:40", "text": "Bitcoin ETH which is pretty big deal"}, {"start": "00:11:37", "end": "00:11:42", "text": "because even if you compare that to"}, {"start": "00:11:40", "end": "00:11:44", "text": "other Tradfi exchanges out there"}, {"start": "00:11:42", "end": "00:11:46", "text": "something like a Fidelity this has been"}, {"start": "00:11:44", "end": "00:11:47", "text": "very comp competitive I think in the"}, {"start": "00:11:46", "end": "00:11:49", "text": "sense of the market in general. Do you"}, {"start": "00:11:47", "end": "00:11:52", "text": "not think Evan that that is going to"}, {"start": "00:11:49", "end": "00:11:54", "text": "draw in more traditional finance people"}, {"start": "00:11:52", "end": "00:11:57", "text": "into crypto and start to move the"}, {"start": "00:11:54", "end": "00:12:00", "text": "market? Yeah, it probably December"}, {"start": "00:11:57", "end": "00:12:02", "text": "December and then quarter 1 definitely"}, {"start": "00:12:00", "end": "00:12:04", "text": "for the next couple weeks, next month,"}, {"start": "00:12:02", "end": "00:12:04", "text": "probably not too much."}, {"start": "00:12:04", "end": "00:12:04", "text": ">> Okay,"}, {"start": "00:12:04", "end": "00:12:06", "text": ">> I would say"}, {"start": "00:12:04", "end": "00:12:09", "text": ">> when you look at Okay, so let's chart"}, {"start": "00:12:06", "end": "00:12:11", "text": "ETH for a second because this is and I"}, {"start": "00:12:09", "end": "00:12:13", "text": "want to I want to go past year end here."}, {"start": "00:12:11", "end": "00:12:16", "text": "Here we are midocctober."}, {"start": "00:12:13", "end": "00:12:19", "text": "Uh you're basically 75 days out. When"}, {"start": "00:12:16", "end": "00:12:24", "text": "you look at Ethereum in general, where"}, {"start": "00:12:19", "end": "00:12:27", "text": "do you point this year end and Q1 now?"}, {"start": "00:12:24", "end": "00:12:29", "text": "So yeah, year end I would say well I"}, {"start": "00:12:27", "end": "00:12:31", "text": "would say temporarily like from now to"}, {"start": "00:12:29", "end": "00:12:33", "text": "midterms a little bit lower. We could"}, {"start": "00:12:31", "end": "00:12:35", "text": "get away with this bottom year end"}, {"start": "00:12:33", "end": "00:12:38", "text": "probably where we are right now if we're"}, {"start": "00:12:35", "end": "00:12:41", "text": "lucky maybe 3,000. Now here's where it"}, {"start": "00:12:38", "end": "00:12:44", "text": "gets interesting. Quarter 1, quarter two"}, {"start": "00:12:41", "end": "00:12:46", "text": "hopefully 4,000. I'm looking at some big"}, {"start": "00:12:44", "end": "00:12:49", "text": "you know kind of upside 4,000 could be"}, {"start": "00:12:46", "end": "00:12:51", "text": "our quarter 1 February March if we're"}, {"start": "00:12:49", "end": "00:12:52", "text": "lucky. Then quarter I think 2027 is"}, {"start": "00:12:51", "end": "00:12:54", "text": "going to be a good year. Go ahead."}, {"start": "00:12:52", "end": "00:12:55", "text": ">> What's your thesis for that? right now"}, {"start": "00:12:54", "end": "00:12:59", "text": "because you have Paul Tudtor Jones"}, {"start": "00:12:55", "end": "00:13:00", "text": "calling for a really bad 2027. Now"}, {"start": "00:12:59", "end": "00:13:03", "text": "granted he's talking about tradey"}, {"start": "00:13:00", "end": "00:13:04", "text": "markets. Uh you have Tom Lee saying"}, {"start": "00:13:03", "end": "00:13:06", "text": "we're going to get the biggest, you"}, {"start": "00:13:04", "end": "00:13:09", "text": "know, face ripping, you know, bull run"}, {"start": "00:13:06", "end": "00:13:13", "text": "we've ever seen. What's your thesis on"}, {"start": "00:13:09", "end": "00:13:16", "text": "why ETH could see a new high in Q1?"}, {"start": "00:13:13", "end": "00:13:17", "text": ">> So seasonality number one once you get"}, {"start": "00:13:16", "end": "00:13:18", "text": "through that correction and the"}, {"start": "00:13:17", "end": "00:13:20", "text": "fundamentals are pretty good on ETH, you"}, {"start": "00:13:18", "end": "00:13:21", "text": "know, like you mentioned SWAB and a lot"}, {"start": "00:13:20", "end": "00:13:24", "text": "of money potentially going into it. So"}, {"start": "00:13:21", "end": "00:13:25", "text": "those two things also I mean usually"}, {"start": "00:13:24", "end": "00:13:27", "text": "those are two different extremes. You"}, {"start": "00:13:25", "end": "00:13:29", "text": "know Tom Lee that's extreme bullish"}, {"start": "00:13:27", "end": "00:13:30", "text": "Jones that's you know very like it's"}, {"start": "00:13:29", "end": "00:13:32", "text": "usually somewhere in the middle like"}, {"start": "00:13:30", "end": "00:13:34", "text": "it's usually bullish but not as crazy as"}, {"start": "00:13:32", "end": "00:13:36", "text": "you know people think. So"}, {"start": "00:13:34", "end": "00:13:37", "text": ">> that would be the the main consensus I"}, {"start": "00:13:36", "end": "00:13:40", "text": "would think. Yeah."}, {"start": "00:13:37", "end": "00:13:44", "text": ">> Let's do uh a round of uh of potential"}, {"start": "00:13:40", "end": "00:13:46", "text": "tokens for people. Um one I want to take"}, {"start": "00:13:44", "end": "00:13:49", "text": "a look at has been unis swap. This is a"}, {"start": "00:13:46", "end": "00:13:52", "text": "trade we've been in and out of. Uh but"}, {"start": "00:13:49", "end": "00:13:55", "text": "unis swap has pulled back here recently."}, {"start": "00:13:52", "end": "00:13:58", "text": "You look at unis swap holding at 740"}, {"start": "00:13:55", "end": "00:14:01", "text": "right now. Uh this thing was trading"}, {"start": "00:13:58", "end": "00:14:03", "text": "above 10 bucks had spiked up to what was"}, {"start": "00:14:01", "end": "00:14:05", "text": "almost uh what was it? Yeah, just a"}, {"start": "00:14:03", "end": "00:14:07", "text": "little almost $11."}, {"start": "00:14:05", "end": "00:14:09", "text": "Is this a trade you would make right"}, {"start": "00:14:07", "end": "00:14:10", "text": "now? Would you make a unis swap trade"}, {"start": "00:14:09", "end": "00:14:13", "text": "today?"}, {"start": "00:14:10", "end": "00:14:15", "text": "Uh potentially. You know, I'm waiting"}, {"start": "00:14:13", "end": "00:14:17", "text": "probably I'd probably give it a few more"}, {"start": "00:14:15", "end": "00:14:19", "text": "weeks. The thing that I'm waiting for is"}, {"start": "00:14:17", "end": "00:14:21", "text": "kind of this two-day right here. So, see"}, {"start": "00:14:19", "end": "00:14:23", "text": "this trigger wave that formed? This is"}, {"start": "00:14:21", "end": "00:14:24", "text": "momentum wave, you know, kind of a"}, {"start": "00:14:23", "end": "00:14:26", "text": "momentum shift and we saw it right here"}, {"start": "00:14:24", "end": "00:14:27", "text": "and that was a big jump up after this"}, {"start": "00:14:26", "end": "00:14:29", "text": "correction. So, we could have gotten"}, {"start": "00:14:27", "end": "00:14:30", "text": "away. You know, this is enough where we"}, {"start": "00:14:29", "end": "00:14:33", "text": "could have potentially hit a bottom."}, {"start": "00:14:30", "end": "00:14:34", "text": "Best case scenario, 36%. That's cheaper."}, {"start": "00:14:33", "end": "00:14:37", "text": "You know, for somebody who likes unis"}, {"start": "00:14:34", "end": "00:14:38", "text": "swap, this makes sense. I would be a"}, {"start": "00:14:37", "end": "00:14:41", "text": "little bit more inclined to wait till"}, {"start": "00:14:38", "end": "00:14:42", "text": "this VWAP starts to come up. give it a"}, {"start": "00:14:41", "end": "00:14:43", "text": "few more more weeks of momentum"}, {"start": "00:14:42", "end": "00:14:46", "text": "potentially around the beginning of"}, {"start": "00:14:43", "end": "00:14:47", "text": "November around midterms. So maybe you"}, {"start": "00:14:46", "end": "00:14:49", "text": "get one more little drop down or"}, {"start": "00:14:47", "end": "00:14:51", "text": "something then you continue forward. But"}, {"start": "00:14:49", "end": "00:14:53", "text": "no, I think I think this is good. Pretty"}, {"start": "00:14:51", "end": "00:14:54", "text": "good discount. Yeah, I think this is"}, {"start": "00:14:53", "end": "00:14:56", "text": "pretty good."}, {"start": "00:14:54", "end": "00:15:00", "text": ">> Okay. Um we talked about the AI trade"}, {"start": "00:14:56", "end": "00:15:03", "text": "earlier near protocol hitting all-time"}, {"start": "00:15:00", "end": "00:15:05", "text": "high or most recently uh now trading at"}, {"start": "00:15:03", "end": "00:15:07", "text": "about $525"}, {"start": "00:15:05", "end": "00:15:10", "text": "and it's been somewhat sideways here"}, {"start": "00:15:07", "end": "00:15:13", "text": "over the past few days. Is this"}, {"start": "00:15:10", "end": "00:15:14", "text": "something that you would continue to"}, {"start": "00:15:13", "end": "00:15:16", "text": "hold if you were holding near? Because"}, {"start": "00:15:14", "end": "00:15:17", "text": "we hold near right now. So, this is more"}, {"start": "00:15:16", "end": "00:15:20", "text": "for me."}, {"start": "00:15:17", "end": "00:15:24", "text": ">> Do you hold near right here or do you"}, {"start": "00:15:20", "end": "00:15:25", "text": "look at an exit, take some profit and um"}, {"start": "00:15:24", "end": "00:15:27", "text": "maybe move along? Where would you where"}, {"start": "00:15:25", "end": "00:15:28", "text": "would you play near right now?"}, {"start": "00:15:27", "end": "00:15:30", "text": ">> Yeah, it's definitely a hold. And I"}, {"start": "00:15:28", "end": "00:15:31", "text": "think crypto in general is definitely a"}, {"start": "00:15:30", "end": "00:15:33", "text": "hold right now. You're still at a"}, {"start": "00:15:31", "end": "00:15:34", "text": "significant discount for anything that's"}, {"start": "00:15:33", "end": "00:15:35", "text": "got good fundamentals. I mean, let's"}, {"start": "00:15:34", "end": "00:15:37", "text": "look at this. I mean, you're still"}, {"start": "00:15:35", "end": "00:15:39", "text": "significantly below the alltime high of"}, {"start": "00:15:37", "end": "00:15:40", "text": "$20. 4x just to get"}, {"start": "00:15:39", "end": "00:15:41", "text": ">> almost n bucks."}, {"start": "00:15:40", "end": "00:15:45", "text": ">> Long time ago."}, {"start": "00:15:41", "end": "00:15:47", "text": ">> Um, but yeah, I mean, short term, it's"}, {"start": "00:15:45", "end": "00:15:48", "text": "likely you see some type of correction,"}, {"start": "00:15:47", "end": "00:15:50", "text": "maybe down to four bucks or something of"}, {"start": "00:15:48", "end": "00:15:52", "text": "that nature. Probably nothing too too"}, {"start": "00:15:50", "end": "00:15:53", "text": "bad though. Um, just based on"}, {"start": "00:15:52", "end": "00:15:56", "text": "seasonality, a lot of these things you"}, {"start": "00:15:53", "end": "00:15:58", "text": "are losing some momentum. So, I mean, I"}, {"start": "00:15:56", "end": "00:16:00", "text": "would be more inclined to look for maybe"}, {"start": "00:15:58", "end": "00:16:02", "text": "an entry down here. And that same thing,"}, {"start": "00:16:00", "end": "00:16:05", "text": "it's, you know, similar on a lot of"}, {"start": "00:16:02", "end": "00:16:07", "text": "these time frames. Once you get kind of"}, {"start": "00:16:05", "end": "00:16:09", "text": "an anchor wave, once you lose momentum"}, {"start": "00:16:07", "end": "00:16:11", "text": "on the two-day, which you likely will"}, {"start": "00:16:09", "end": "00:16:14", "text": "over the next month or something, then"}, {"start": "00:16:11", "end": "00:16:15", "text": "get a trigger wave coming up like this,"}, {"start": "00:16:14", "end": "00:16:17", "text": ">> that's when things start to look a lot"}, {"start": "00:16:15", "end": "00:16:20", "text": "better, especially if you were to come"}, {"start": "00:16:17", "end": "00:16:23", "text": "down, maybe high threes, and then that's"}, {"start": "00:16:20", "end": "00:16:25", "text": "your quarter for correction, and then"}, {"start": "00:16:23", "end": "00:16:27", "text": "you kind of recover a year early next"}, {"start": "00:16:25", "end": "00:16:30", "text": "year. So, yeah."}, {"start": "00:16:27", "end": "00:16:32", "text": ">> Okay. Well, with that being the case,"}, {"start": "00:16:30", "end": "00:16:34", "text": "you you have two things that could"}, {"start": "00:16:32", "end": "00:16:38", "text": "happen. One, we could see a major AI"}, {"start": "00:16:34", "end": "00:16:40", "text": "reversal trade that could impact some of"}, {"start": "00:16:38", "end": "00:16:44", "text": "the AI cryptos and we could see Bitcoin,"}, {"start": "00:16:40", "end": "00:16:45", "text": "ETH, Salana pop off in general. Uh, did"}, {"start": "00:16:44", "end": "00:16:48", "text": "you hear Salana got their event"}, {"start": "00:16:45", "end": "00:16:48", "text": "cancelled in in China?"}, {"start": "00:16:48", "end": "00:16:51", "text": ">> Did you see that?"}, {"start": "00:16:48", "end": "00:16:52", "text": ">> Did Yeah, that a little weird, but I I"}, {"start": "00:16:51", "end": "00:16:55", "text": "don't know too. Well, they launched and"}, {"start": "00:16:52", "end": "00:16:57", "text": "then they took over a building or I"}, {"start": "00:16:55", "end": "00:16:58", "text": "don't know how they did it, but uh"}, {"start": "00:16:57", "end": "00:17:01", "text": "brilliant marketing on Salana's part,"}, {"start": "00:16:58", "end": "00:17:04", "text": "but at the same time, uh the Chinese"}, {"start": "00:17:01", "end": "00:17:06", "text": "officials came in and shut it down. Uh"}, {"start": "00:17:04", "end": "00:17:08", "text": "which was not surprising. You know, CZ"}, {"start": "00:17:06", "end": "00:17:11", "text": "was even commenting on this. I don't"}, {"start": "00:17:08", "end": "00:17:12", "text": "know. I wonder if he"}, {"start": "00:17:11", "end": "00:17:15", "text": ">> Huh. That's interesting because he kind"}, {"start": "00:17:12", "end": "00:17:18", "text": "of called it out that he B&B Binance was"}, {"start": "00:17:15", "end": "00:17:21", "text": "not able to get something like that done"}, {"start": "00:17:18", "end": "00:17:23", "text": "and that he was surprised that Salana"}, {"start": "00:17:21", "end": "00:17:25", "text": "was able to u but you got breakpoint"}, {"start": "00:17:23", "end": "00:17:27", "text": "coming up next month in November. What"}, {"start": "00:17:25", "end": "00:17:29", "text": "about Salana? Let's take a look there."}, {"start": "00:17:27", "end": "00:17:31", "text": ">> Give me a year-end price for a Salana."}, {"start": "00:17:29", "end": "00:17:34", "text": "Right now it is on the move back"}, {"start": "00:17:31", "end": "00:17:37", "text": "reclaiming I think 105."}, {"start": "00:17:34", "end": "00:17:38", "text": ">> Yeah, I mean best case scenario here for"}, {"start": "00:17:37", "end": "00:17:41", "text": "your year- end price probably 140 if"}, {"start": "00:17:38", "end": "00:17:42", "text": "things go really well. 140 to 150 if"}, {"start": "00:17:41", "end": "00:17:44", "text": "things go really well. This is looks"}, {"start": "00:17:42", "end": "00:17:46", "text": "stronger than some other things because"}, {"start": "00:17:44", "end": "00:17:48", "text": "you have a similar situation here kind"}, {"start": "00:17:46", "end": "00:17:50", "text": "of you have that jump up. So if the same"}, {"start": "00:17:48", "end": "00:17:52", "text": "things happens, you're looking at 150."}, {"start": "00:17:50", "end": "00:17:54", "text": "Now based on what we normally see in"}, {"start": "00:17:52", "end": "00:17:55", "text": "these midterm election years, you know,"}, {"start": "00:17:54", "end": "00:17:58", "text": "there's a decent shot you could come"}, {"start": "00:17:55", "end": "00:18:00", "text": "down to 97 again, potentially coming"}, {"start": "00:17:58", "end": "00:18:02", "text": "down to 90. Um all that would do is"}, {"start": "00:18:00", "end": "00:18:04", "text": "probably delay the inevitable of getting"}, {"start": "00:18:02", "end": "00:18:05", "text": "back up to 150. These areas, you know,"}, {"start": "00:18:04", "end": "00:18:07", "text": "instead of by end of year, it's probably"}, {"start": "00:18:05", "end": "00:18:09", "text": "quarter one or quarter two of next year."}, {"start": "00:18:07", "end": "00:18:11", "text": "you know, more extended out if that does"}, {"start": "00:18:09", "end": "00:18:13", "text": "happen. So, I think one of these two"}, {"start": "00:18:11", "end": "00:18:15", "text": "scenarios is more likely based on"}, {"start": "00:18:13", "end": "00:18:18", "text": "seasonality and kind of what we're"}, {"start": "00:18:15", "end": "00:18:19", "text": "seeing. You know, probably you correct a"}, {"start": "00:18:18", "end": "00:18:21", "text": "little bit more at least and then you"}, {"start": "00:18:19", "end": "00:18:23", "text": "kind of recover. So, I mean, in the"}, {"start": "00:18:21", "end": "00:18:26", "text": "grand scheme of things, great buy here"}, {"start": "00:18:23", "end": "00:18:29", "text": "at $100. Obviously, heavily discounted."}, {"start": "00:18:26", "end": "00:18:33", "text": "I mean, so yeah, it looks good overall."}, {"start": "00:18:29", "end": "00:18:35", "text": ">> What is your pick for this bull run if"}, {"start": "00:18:33", "end": "00:18:37", "text": "you're looking you're and I only want"}, {"start": "00:18:35", "end": "00:18:39", "text": "two altcoins. I know you're going to"}, {"start": "00:18:37", "end": "00:18:42", "text": "pick ETH and Bitcoin, so throw those"}, {"start": "00:18:39", "end": "00:18:44", "text": "out. Two altcoins. What's your picks for"}, {"start": "00:18:42", "end": "00:18:47", "text": "this bull run?"}, {"start": "00:18:44", "end": "00:18:49", "text": ">> Salana could be one of them. And if you"}, {"start": "00:18:47", "end": "00:18:50", "text": "look at ETH, Salana versus ETH, that's"}, {"start": "00:18:49", "end": "00:18:52", "text": "what came to my mind. It's been"}, {"start": "00:18:50", "end": "00:18:54", "text": "outperforming Ethereum. So, as long as"}, {"start": "00:18:52", "end": "00:18:56", "text": "you hold these lows here, I do think"}, {"start": "00:18:54", "end": "00:18:58", "text": "Salana"}, {"start": "00:18:56", "end": "00:19:01", "text": ">> can make can be a bit huge huge player"}, {"start": "00:18:58", "end": "00:19:02", "text": "here. Um, in terms of another altcoin,"}, {"start": "00:19:01", "end": "00:19:05", "text": "oh man, I'm trying to think trying to"}, {"start": "00:19:02", "end": "00:19:08", "text": "think here. Uh"}, {"start": "00:19:05", "end": "00:19:09", "text": ">> maybe maybe chain link chain link. All"}, {"start": "00:19:08", "end": "00:19:11", "text": "right. All right."}, {"start": "00:19:09", "end": "00:19:13", "text": ">> Maybe. Um that's one I've kept my eye"}, {"start": "00:19:11", "end": "00:19:16", "text": "on. As long as you can hold $11, I"}, {"start": "00:19:13", "end": "00:19:19", "text": "would, you know, be optimistic on this."}, {"start": "00:19:16", "end": "00:19:22", "text": "So maybe chain link. Maybe"}, {"start": "00:19:19", "end": "00:19:24", "text": ">> my uh I have two I still think Uniswap"}, {"start": "00:19:22", "end": "00:19:27", "text": "and Jupiter are going to end up being"}, {"start": "00:19:24", "end": "00:19:29", "text": "major plays in this neck. Now, those"}, {"start": "00:19:27", "end": "00:19:31", "text": "are, you know, considerably different,"}, {"start": "00:19:29", "end": "00:19:33", "text": "you know, market caps, you know, than"}, {"start": "00:19:31", "end": "00:19:34", "text": "what we're talking about when the top"}, {"start": "00:19:33", "end": "00:19:36", "text": "10. But"}, {"start": "00:19:34", "end": "00:19:39", "text": ">> I'm still uh holding positions in both"}, {"start": "00:19:36", "end": "00:19:41", "text": "those tokens. And I like both of what"}, {"start": "00:19:39", "end": "00:19:42", "text": "they're doing, you know, from an"}, {"start": "00:19:41", "end": "00:19:44", "text": "ecosystem standpoint. But more"}, {"start": "00:19:42", "end": "00:19:46", "text": "importantly, what I like is the fact"}, {"start": "00:19:44", "end": "00:19:49", "text": "that we are seeing real advancement in"}, {"start": "00:19:46", "end": "00:19:51", "text": "both of the apps, which is going to"}, {"start": "00:19:49", "end": "00:19:54", "text": "increase adoption. I think Uniswap"}, {"start": "00:19:51", "end": "00:19:56", "text": "obviously uh picking up on the ETH"}, {"start": "00:19:54", "end": "00:19:59", "text": "bandwidth uh or ecosystem and then of"}, {"start": "00:19:56", "end": "00:20:01", "text": "course Jupiter uh within Salana. Both"}, {"start": "00:19:59", "end": "00:20:05", "text": "those I think could be doing very well"}, {"start": "00:20:01", "end": "00:20:09", "text": "for sure. Uh let's talk about this right"}, {"start": "00:20:05", "end": "00:20:12", "text": "here and that is the Cross River deal"}, {"start": "00:20:09", "end": "00:20:14", "text": "with Ripple. So, Cross River Bank,"}, {"start": "00:20:12", "end": "00:20:16", "text": "everybody remembers this is one of the,"}, {"start": "00:20:14", "end": "00:20:19", "text": "you know, crypto friendly banks out"}, {"start": "00:20:16", "end": "00:20:22", "text": "there, but they're now embedding Ripple"}, {"start": "00:20:19", "end": "00:20:25", "text": "uh RLUSD, Ripple's USD stable coin, uh"}, {"start": "00:20:22", "end": "00:20:27", "text": "on the XRP ledger into its core banking"}, {"start": "00:20:25", "end": "00:20:29", "text": "infrastructure,"}, {"start": "00:20:27", "end": "00:20:30", "text": "which is expanding faster payment. Now,"}, {"start": "00:20:29", "end": "00:20:31", "text": "I know many of you guys say, \"Well,"}, {"start": "00:20:30", "end": "00:20:36", "text": "Paul, you just did a video that said,"}, {"start": "00:20:31", "end": "00:20:38", "text": "you know, our XR uh R or XRPL is not"}, {"start": "00:20:36", "end": "00:20:42", "text": "getting adopted.\" And and you know, to"}, {"start": "00:20:38", "end": "00:20:45", "text": "this point, it still is not. These deals"}, {"start": "00:20:42", "end": "00:20:47", "text": "that they're making are great for I"}, {"start": "00:20:45", "end": "00:20:49", "text": "think Ripple and maybe long term"}, {"start": "00:20:47", "end": "00:20:51", "text": "definitely as we start to see adoption"}, {"start": "00:20:49", "end": "00:20:54", "text": "happening. The real question is how long"}, {"start": "00:20:51", "end": "00:20:56", "text": "before that occurs when we actually"}, {"start": "00:20:54", "end": "00:20:58", "text": "start to see transactions coming in"}, {"start": "00:20:56", "end": "00:21:00", "text": "because when you look at the RLUSD"}, {"start": "00:20:58", "end": "00:21:03", "text": "stable coin we haven't seen a lot of"}, {"start": "00:21:00", "end": "00:21:05", "text": "growth in it and that has been the"}, {"start": "00:21:03", "end": "00:21:07", "text": "concern I've had. I love to see these"}, {"start": "00:21:05", "end": "00:21:11", "text": "kind of things, but what does that do to"}, {"start": "00:21:07", "end": "00:21:14", "text": "the XRP price right now? Remember,"}, {"start": "00:21:11", "end": "00:21:18", "text": "Ripple's still holding a ton of XRP, and"}, {"start": "00:21:14", "end": "00:21:20", "text": "they divest a certain amount every so"}, {"start": "00:21:18", "end": "00:21:23", "text": "often. So, you just have to look at the"}, {"start": "00:21:20", "end": "00:21:24", "text": "amount that they're starting to uh sell"}, {"start": "00:21:23", "end": "00:21:26", "text": "obviously to fund operations and"}, {"start": "00:21:24", "end": "00:21:31", "text": "acquisitions and partnerships like this"}, {"start": "00:21:26", "end": "00:21:35", "text": "right here. XRP chart XRP right now and"}, {"start": "00:21:31", "end": "00:21:38", "text": "give me a point by end of year."}, {"start": "00:21:35", "end": "00:21:40", "text": ">> Yeah, I'd love to. So XRP looks better"}, {"start": "00:21:38", "end": "00:21:43", "text": "than a lot of things right now. You're"}, {"start": "00:21:40", "end": "00:21:45", "text": "making a higher low right here. That"}, {"start": "00:21:43", "end": "00:21:46", "text": "looks pretty good. Your daily has some"}, {"start": "00:21:45", "end": "00:21:50", "text": "potential. Your daily has some"}, {"start": "00:21:46", "end": "00:21:51", "text": "potential. Even if you do, I mean, I"}, {"start": "00:21:50", "end": "00:21:53", "text": "don't think you're going to go back to"}, {"start": "00:21:51", "end": "00:21:54", "text": "that 114 area. Even if you do go a"}, {"start": "00:21:53", "end": "00:21:55", "text": "little bit lower here, it's probably"}, {"start": "00:21:54", "end": "00:21:57", "text": "going to be some type of double bottom."}, {"start": "00:21:55", "end": "00:22:00", "text": "and your two day is going to save you."}, {"start": "00:21:57", "end": "00:22:02", "text": "So, I mean, end of year, it's tough to"}, {"start": "00:22:00", "end": "00:22:04", "text": "say exactly. Maybe$150,"}, {"start": "00:22:02", "end": "00:22:07", "text": "maybe a$160. I don't think you're going"}, {"start": "00:22:04", "end": "00:22:08", "text": "to break up to, you know, $2 by the end"}, {"start": "00:22:07", "end": "00:22:10", "text": "of the year. I think that's more of a"}, {"start": "00:22:08", "end": "00:22:12", "text": "quarter one, quarter two type thing. But"}, {"start": "00:22:10", "end": "00:22:13", "text": "I think if all goes well, $160"}, {"start": "00:22:12", "end": "00:22:15", "text": "potentially."}, {"start": "00:22:13", "end": "00:22:19", "text": ">> So, okay. Well, that'd be a pretty big"}, {"start": "00:22:15", "end": "00:22:22", "text": "reversal, you know, for XRP. Granted, if"}, {"start": "00:22:19", "end": "00:22:26", "text": "you were looking at XRP,"}, {"start": "00:22:22", "end": "00:22:28", "text": "you know, for the bull run, you know, in"}, {"start": "00:22:26", "end": "00:22:29", "text": "potential of playing it as one of your"}, {"start": "00:22:28", "end": "00:22:33", "text": "primary tokens or let's say your top"}, {"start": "00:22:29", "end": "00:22:35", "text": "five, where would you say it's possible"}, {"start": "00:22:33", "end": "00:22:38", "text": "for XRP to go? Do you think it reclaims"}, {"start": "00:22:35", "end": "00:22:41", "text": "its uh all-time high here in the next 6"}, {"start": "00:22:38", "end": "00:22:44", "text": "months into 2027?"}, {"start": "00:22:41", "end": "00:22:46", "text": ">> Uh so next, yeah, into 2027. Let's see"}, {"start": "00:22:44", "end": "00:22:48", "text": "how much that is. I mean, it's not"}, {"start": "00:22:46", "end": "00:22:51", "text": "impossible. No, because that's only, you"}, {"start": "00:22:48", "end": "00:22:53", "text": "know, a little over, you know, 160%."}, {"start": "00:22:51", "end": "00:22:56", "text": "That's not impossible. So, you know, you"}, {"start": "00:22:53", "end": "00:22:58", "text": "would see an upward trajectory in 2027."}, {"start": "00:22:56", "end": "00:22:59", "text": "You see a complete upward trajectory,"}, {"start": "00:22:58", "end": "00:23:01", "text": "you know, [clears throat] it's probably"}, {"start": "00:22:59", "end": "00:23:04", "text": "not going to be as crazy as over here."}, {"start": "00:23:01", "end": "00:23:06", "text": "But, you know, like a situation like"}, {"start": "00:23:04", "end": "00:23:08", "text": "that, that's not surprising. And that"}, {"start": "00:23:06", "end": "00:23:10", "text": "would be, you know, from where we are"}, {"start": "00:23:08", "end": "00:23:11", "text": "right now, that would be early 28. So,"}, {"start": "00:23:10", "end": "00:23:13", "text": "something like that. I mean, probably"}, {"start": "00:23:11", "end": "00:23:16", "text": "not an all-time high. Yeah,"}, {"start": "00:23:13", "end": "00:23:17", "text": ">> that's more of a quarter 4 thing. early"}, {"start": "00:23:16", "end": "00:23:20", "text": "2028 type thing. It would probably take"}, {"start": "00:23:17", "end": "00:23:22", "text": "a little bit of time. Um, so yeah, but I"}, {"start": "00:23:20", "end": "00:23:25", "text": "think it could, you know, I would say"}, {"start": "00:23:22", "end": "00:23:27", "text": "240 is definitely a great goal for, you"}, {"start": "00:23:25", "end": "00:23:28", "text": "know, next year almost a double in the"}, {"start": "00:23:27", "end": "00:23:30", "text": "next 12 months. I think that's a good"}, {"start": "00:23:28", "end": "00:23:32", "text": "goal if all goes well. I mean, this"}, {"start": "00:23:30", "end": "00:23:34", "text": "thing does this thing moves weirdly."}, {"start": "00:23:32", "end": "00:23:36", "text": "This thing moves crazy at points. So,"}, {"start": "00:23:34", "end": "00:23:38", "text": "it's this one's a tough one to predict."}, {"start": "00:23:36", "end": "00:23:40", "text": "I mean, I wouldn't put it I would put I"}, {"start": "00:23:38", "end": "00:23:40", "text": "wouldn't put anything past XRP. That's"}, {"start": "00:23:40", "end": "00:23:42", "text": "awesome."}, {"start": "00:23:40", "end": "00:23:44", "text": ">> Well, think of it this way, too, because"}, {"start": "00:23:42", "end": "00:23:49", "text": "they launched support for institutions"}, {"start": "00:23:44", "end": "00:23:52", "text": "now on real world asset perpetual swaps."}, {"start": "00:23:49", "end": "00:23:54", "text": "If we see major institutions going in"}, {"start": "00:23:52", "end": "00:23:56", "text": "that direction, which I think we will in"}, {"start": "00:23:54", "end": "00:23:58", "text": "2027,"}, {"start": "00:23:56", "end": "00:24:01", "text": "and especially now, cuz remember, I"}, {"start": "00:23:58", "end": "00:24:03", "text": "think it's October 20th that the SEC"}, {"start": "00:24:01", "end": "00:24:06", "text": "um ends its"}, {"start": "00:24:03", "end": "00:24:08", "text": "era for basically open comment on many"}, {"start": "00:24:06", "end": "00:24:12", "text": "of the rules that it's citing right now."}, {"start": "00:24:08", "end": "00:24:13", "text": "Once that occurs here in next week, I"}, {"start": "00:24:12", "end": "00:24:16", "text": "think you're going to see some big"}, {"start": "00:24:13", "end": "00:24:18", "text": "announcements coming from all sorts of"}, {"start": "00:24:16", "end": "00:24:20", "text": "of blockchain projects out there because"}, {"start": "00:24:18", "end": "00:24:22", "text": "I think at that point everybody will"}, {"start": "00:24:20", "end": "00:24:24", "text": "understand, okay, this is the this these"}, {"start": "00:24:22", "end": "00:24:25", "text": "are the rules we're playing by and"}, {"start": "00:24:24", "end": "00:24:28", "text": "they're going to start launching some"}, {"start": "00:24:25", "end": "00:24:30", "text": "projects and you look at perpetual swaps"}, {"start": "00:24:28", "end": "00:24:32", "text": "on the institutional level. This this"}, {"start": "00:24:30", "end": "00:24:35", "text": "could be I think one was out there was"}, {"start": "00:24:32", "end": "00:24:38", "text": "called Veru which is trading on RWI"}, {"start": "00:24:35", "end": "00:24:40", "text": "swaps. um that's in a position I think"}, {"start": "00:24:38", "end": "00:24:43", "text": "that could really get going cuz you're"}, {"start": "00:24:40", "end": "00:24:45", "text": "talking about ETFs, metals, energy, FX,"}, {"start": "00:24:43", "end": "00:24:47", "text": "you know, this could be everything. So,"}, {"start": "00:24:45", "end": "00:24:49", "text": "pretty crazy stuff and that could"}, {"start": "00:24:47", "end": "00:24:52", "text": "definitely affect uh obviously the"}, {"start": "00:24:49", "end": "00:24:56", "text": "future of XRP. Another thing that could"}, {"start": "00:24:52", "end": "00:24:58", "text": "affect the future of crypto in general"}, {"start": "00:24:56", "end": "00:25:00", "text": "is what's happening right now in the"}, {"start": "00:24:58", "end": "00:25:02", "text": "banking system. And when you look at the"}, {"start": "00:25:00", "end": "00:25:05", "text": "banking system, one of the things that I"}, {"start": "00:25:02", "end": "00:25:07", "text": "look at, look outside the US, okay? And"}, {"start": "00:25:05", "end": "00:25:09", "text": "I want to show you guys this news right"}, {"start": "00:25:07", "end": "00:25:12", "text": "here, which is Deutscha Bank. Uh"}, {"start": "00:25:09", "end": "00:25:15", "text": "Deutscha is now preparing for crypto"}, {"start": "00:25:12", "end": "00:25:18", "text": "custody. Uh and they're going after"}, {"start": "00:25:15", "end": "00:25:21", "text": "Asia. So when you look at Asia being the"}, {"start": "00:25:18", "end": "00:25:23", "text": "market here, you're in Asia. You know"}, {"start": "00:25:21", "end": "00:25:24", "text": "what's going on over there."}, {"start": "00:25:23", "end": "00:25:27", "text": ">> Yep."}, {"start": "00:25:24", "end": "00:25:29", "text": ">> How do you think Asia gets into a"}, {"start": "00:25:27", "end": "00:25:32", "text": "position where it becomes the mecca for"}, {"start": "00:25:29", "end": "00:25:35", "text": "crypto instead of"}, {"start": "00:25:32", "end": "00:25:38", "text": ">> Probably, you know, it's going to"}, {"start": "00:25:35", "end": "00:25:41", "text": "It's going to take time, but because the"}, {"start": "00:25:38", "end": "00:25:43", "text": "population is so large in Asia, it's 60%"}, {"start": "00:25:41", "end": "00:25:46", "text": "of the world's population is in Asia"}, {"start": "00:25:43", "end": "00:25:47", "text": "basically. So, because it's so high and"}, {"start": "00:25:46", "end": "00:25:49", "text": "they're getting there. I mean, a lot of"}, {"start": "00:25:47", "end": "00:25:51", "text": "these I know it's illegal in China, but"}, {"start": "00:25:49", "end": "00:25:53", "text": "a lot of the main cities in China are"}, {"start": "00:25:51", "end": "00:25:54", "text": "completely cashless. They're completely"}, {"start": "00:25:53", "end": "00:25:56", "text": "electronic payments. So, it's getting"}, {"start": "00:25:54", "end": "00:25:58", "text": "there. Now, a lot of these other even"}, {"start": "00:25:56", "end": "00:26:00", "text": "countries like Thailand, they're taking"}, {"start": "00:25:58", "end": "00:26:02", "text": "initiatives to pay electronically. So, I"}, {"start": "00:26:00", "end": "00:26:04", "text": "think it will be within the next 20"}, {"start": "00:26:02", "end": "00:26:06", "text": "years. That's just based on population"}, {"start": "00:26:04", "end": "00:26:08", "text": "and based on obviously the the east is"}, {"start": "00:26:06", "end": "00:26:10", "text": "trending upward, right?"}, {"start": "00:26:08", "end": "00:26:12", "text": ">> Hate to say it, the west is not"}, {"start": "00:26:10", "end": "00:26:14", "text": "declining. East is trending upward in"}, {"start": "00:26:12", "end": "00:26:16", "text": "the last 20 years. Unless that trend"}, {"start": "00:26:14", "end": "00:26:17", "text": "changes significantly, Asia is going to"}, {"start": "00:26:16", "end": "00:26:19", "text": "be the mecca of crypto. Yes, absolutely."}, {"start": "00:26:17", "end": "00:26:21", "text": ">> It's going to be a major sh Well, it's"}, {"start": "00:26:19", "end": "00:26:23", "text": "why we're seeing so much activity in"}, {"start": "00:26:21", "end": "00:26:25", "text": "Japan, Hong Kong, this of course"}, {"start": "00:26:23", "end": "00:26:28", "text": "happening in Bangkok,"}, {"start": "00:26:25", "end": "00:26:30", "text": "uh which is absolutely on fire. Okay. So"}, {"start": "00:26:28", "end": "00:26:32", "text": "you're you've had a chance to talk to"}, {"start": "00:26:30", "end": "00:26:34", "text": "people in Asia and many countries. How"}, {"start": "00:26:32", "end": "00:26:36", "text": "many countries have you been to in Asia?"}, {"start": "00:26:34", "end": "00:26:37", "text": ">> I've been to quite a few. At least five,"}, {"start": "00:26:36", "end": "00:26:38", "text": "six, seven. I don't know the exact."}, {"start": "00:26:37", "end": "00:26:41", "text": ">> Yeah, I've been to quite a few."}, {"start": "00:26:38", "end": "00:26:43", "text": ">> What is the what is the street level"}, {"start": "00:26:41", "end": "00:26:45", "text": "narrative on crypto right now or their"}, {"start": "00:26:43", "end": "00:26:48", "text": "temperature? Is it is it very positive?"}, {"start": "00:26:45", "end": "00:26:50", "text": "Would you call it neutral? They look at"}, {"start": "00:26:48", "end": "00:26:51", "text": "it as this is the future. Where do you"}, {"start": "00:26:50", "end": "00:26:53", "text": "think they stand?"}, {"start": "00:26:51", "end": "00:26:56", "text": ">> They're positive on it, man. Definitely"}, {"start": "00:26:53", "end": "00:26:59", "text": "positive. You see the BYD electric cars"}, {"start": "00:26:56", "end": "00:27:00", "text": "all over. Sometimes you'll have a taxi"}, {"start": "00:26:59", "end": "00:27:04", "text": "driver that's looking at a damn chart on"}, {"start": "00:27:00", "end": "00:27:08", "text": "his uh on his BYD car on your your $3"}, {"start": "00:27:04", "end": "00:27:10", "text": "Uber, your $3 grab ride. So, yes, I I"}, {"start": "00:27:08", "end": "00:27:12", "text": "think overall they're they're they're on"}, {"start": "00:27:10", "end": "00:27:13", "text": "board. They're on board. I think man,"}, {"start": "00:27:12", "end": "00:27:14", "text": "you know, obviously a lot of people"}, {"start": "00:27:13", "end": "00:27:16", "text": "don't have the means to be buying"}, {"start": "00:27:14", "end": "00:27:18", "text": "crypto, unfortunately, in a lot of the"}, {"start": "00:27:16", "end": "00:27:20", "text": "developing countries, but I I think the"}, {"start": "00:27:18", "end": "00:27:21", "text": "people that do have the means, they're"}, {"start": "00:27:20", "end": "00:27:23", "text": "they're on board. Yeah."}, {"start": "00:27:21", "end": "00:27:25", "text": ">> Well, that that has always been my"}, {"start": "00:27:23", "end": "00:27:27", "text": "question is is what is the affluency"}, {"start": "00:27:25", "end": "00:27:28", "text": "level? When you look at the number of"}, {"start": "00:27:27", "end": "00:27:31", "text": "millionaires that are being printed in"}, {"start": "00:27:28", "end": "00:27:33", "text": "the United States every day, that is"}, {"start": "00:27:31", "end": "00:27:35", "text": "millionaires that are going into the"}, {"start": "00:27:33", "end": "00:27:37", "text": "market and those are are instrumental I"}, {"start": "00:27:35", "end": "00:27:40", "text": "think in in terms of adoption and"}, {"start": "00:27:37", "end": "00:27:42", "text": "growth. We don't see those kinds of"}, {"start": "00:27:40", "end": "00:27:45", "text": "numbers coming out of Asia, the Middle"}, {"start": "00:27:42", "end": "00:27:47", "text": "East, even Europe to a certain extent."}, {"start": "00:27:45", "end": "00:27:49", "text": "The United States leads in terms of"}, {"start": "00:27:47", "end": "00:27:51", "text": "printing millionaires. So I guess the"}, {"start": "00:27:49", "end": "00:27:52", "text": "the key there is it's just going to be"}, {"start": "00:27:51", "end": "00:27:54", "text": "pure population is what you're saying. I"}, {"start": "00:27:52", "end": "00:27:56", "text": "I think it's population and I think a"}, {"start": "00:27:54", "end": "00:27:58", "text": "lot of the millionaires in the US are"}, {"start": "00:27:56", "end": "00:28:00", "text": "mainly because the stock market's done"}, {"start": "00:27:58", "end": "00:28:02", "text": "so well. It's a lot of the middle-aged"}, {"start": "00:28:00", "end": "00:28:04", "text": "people and I think the younger"}, {"start": "00:28:02", "end": "00:28:06", "text": "generations because if you look at"}, {"start": "00:28:04", "end": "00:28:08", "text": "younger generations in the US, they"}, {"start": "00:28:06", "end": "00:28:09", "text": "overall did not have the opportunities"}, {"start": "00:28:08", "end": "00:28:12", "text": "that their parents had. It's the"}, {"start": "00:28:09", "end": "00:28:14", "text": "complete opposite in China, Vietnam,"}, {"start": "00:28:12", "end": "00:28:16", "text": "really everywhere in in Asia. The"}, {"start": "00:28:14", "end": "00:28:18", "text": "younger generations had much more"}, {"start": "00:28:16", "end": "00:28:20", "text": "opportunity and a much better life"}, {"start": "00:28:18", "end": "00:28:23", "text": "overall than their parents' generation."}, {"start": "00:28:20", "end": "00:28:24", "text": "So, I think those younger generations,"}, {"start": "00:28:23", "end": "00:28:26", "text": "I I think Asia is really going to"}, {"start": "00:28:24", "end": "00:28:28", "text": "develop a lot and I think those younger"}, {"start": "00:28:26", "end": "00:28:30", "text": "generations are going to put money into"}, {"start": "00:28:28", "end": "00:28:32", "text": "crypto and those things. And yeah,"}, {"start": "00:28:30", "end": "00:28:34", "text": ">> Evan, let's take a look at Circle. Uh,"}, {"start": "00:28:32", "end": "00:28:38", "text": "Circle is now pushing into, speaking of"}, {"start": "00:28:34", "end": "00:28:40", "text": "new markets, 40 new markets. Um, this is"}, {"start": "00:28:38", "end": "00:28:44", "text": "a big deal because it starts to pretty"}, {"start": "00:28:40", "end": "00:28:47", "text": "much translate to USDC"}, {"start": "00:28:44", "end": "00:28:49", "text": "becoming a global currency in essence"}, {"start": "00:28:47", "end": "00:28:52", "text": "and pushing US treasuries, which would"}, {"start": "00:28:49", "end": "00:28:53", "text": "support the dollar. If you look at"}, {"start": "00:28:52", "end": "00:28:56", "text": "Circle, it's been doing great on the"}, {"start": "00:28:53", "end": "00:28:58", "text": "charts, but is this a stock you would go"}, {"start": "00:28:56", "end": "00:29:01", "text": "into right now? Would it would this be"}, {"start": "00:28:58", "end": "00:29:03", "text": "the one for you? Circle is interesting."}, {"start": "00:29:01", "end": "00:29:05", "text": "Let's take a look at Circle here because"}, {"start": "00:29:03", "end": "00:29:06", "text": "Circle's one that I held. I took some"}, {"start": "00:29:05", "end": "00:29:08", "text": "profits on it. I still had a small"}, {"start": "00:29:06", "end": "00:29:10", "text": "position in it. It looks good, man."}, {"start": "00:29:08", "end": "00:29:11", "text": "Yeah. I mean, I like the two-day here. I"}, {"start": "00:29:10", "end": "00:29:14", "text": "mean, it could be a little bit"}, {"start": "00:29:11", "end": "00:29:16", "text": "premature, but if I had to guess here,"}, {"start": "00:29:14", "end": "00:29:18", "text": "you know, it makes sense. Yeah, circle"}, {"start": "00:29:16", "end": "00:29:21", "text": "makes sense. Um, you're making me want"}, {"start": "00:29:18", "end": "00:29:22", "text": "to buy more of Circle right now. I mean,"}, {"start": "00:29:21", "end": "00:29:24", "text": "yeah, you're making me because this is"}, {"start": "00:29:22", "end": "00:29:27", "text": "some good momentum here. Three days to"}, {"start": "00:29:24", "end": "00:29:28", "text": "confirm on that, you know. Yeah, this"}, {"start": "00:29:27", "end": "00:29:29", "text": "looks good. This looks like one of the"}, {"start": "00:29:28", "end": "00:29:31", "text": "best things we looked at. You just got"}, {"start": "00:29:29", "end": "00:29:32", "text": "to be careful because you're on you're"}, {"start": "00:29:31", "end": "00:29:34", "text": "on some thin ice. these things, you"}, {"start": "00:29:32", "end": "00:29:37", "text": "know, sometimes they do crash down"}, {"start": "00:29:34", "end": "00:29:39", "text": "farther, but no, this looks pretty good."}, {"start": "00:29:37", "end": "00:29:43", "text": "This looks pretty good overall. Yeah,"}, {"start": "00:29:39", "end": "00:29:46", "text": ">> we called that uh that purchase"}, {"start": "00:29:43", "end": "00:29:48", "text": "for circle uh back at what? Let's see."}, {"start": "00:29:46", "end": "00:29:52", "text": "Let me see where my chart is. Yeah,"}, {"start": "00:29:48", "end": "00:29:56", "text": "right at uh"}, {"start": "00:29:52", "end": "00:29:58", "text": "yeah, around $69 was our call, last call"}, {"start": "00:29:56", "end": "00:30:02", "text": "um on Circle. obviously had that big day"}, {"start": "00:29:58", "end": "00:30:04", "text": "yesterday uh spiking, but definitely"}, {"start": "00:30:02", "end": "00:30:05", "text": "coming into a zone right now. I think"}, {"start": "00:30:04", "end": "00:30:09", "text": "the question is is does it get back to"}, {"start": "00:30:05", "end": "00:30:12", "text": "its all-time high anytime soon? Do you"}, {"start": "00:30:09", "end": "00:30:13", "text": "like the an all-time high in uh 2026 or"}, {"start": "00:30:12", "end": "00:30:15", "text": "27?"}, {"start": "00:30:13", "end": "00:30:17", "text": ">> This year, no, [laughter] not this year,"}, {"start": "00:30:15", "end": "00:30:19", "text": "but um it's going to take time, man. I"}, {"start": "00:30:17", "end": "00:30:20", "text": "mean, you know, it's probably going to"}, {"start": "00:30:19", "end": "00:30:22", "text": "be a gradual incline. I mean, usually if"}, {"start": "00:30:20", "end": "00:30:24", "text": "you just draw, you know, this is kind of"}, {"start": "00:30:22", "end": "00:30:25", "text": "the healthy trajectory. Oh, wow. Yeah."}, {"start": "00:30:24", "end": "00:30:26", "text": "Now, I could"}, {"start": "00:30:25", "end": "00:30:29", "text": ">> look at that. Look at that chart. Yeah."}, {"start": "00:30:26", "end": "00:30:31", "text": ">> Yeah. Yeah, it could if you were to I"}, {"start": "00:30:29", "end": "00:30:33", "text": "mean maybe next year, you know, middle"}, {"start": "00:30:31", "end": "00:30:35", "text": "of next year at the earliest probably. I"}, {"start": "00:30:33", "end": "00:30:36", "text": "would say it could mid Yeah, mid to late"}, {"start": "00:30:35", "end": "00:30:38", "text": "next year. Why not? Yeah,"}, {"start": "00:30:36", "end": "00:30:40", "text": ">> this is one of the bigger plays that uh"}, {"start": "00:30:38", "end": "00:30:42", "text": "we are in and have been in for some time"}, {"start": "00:30:40", "end": "00:30:44", "text": "and and we're going to continue to ride"}, {"start": "00:30:42", "end": "00:30:46", "text": "this one for sure."}, {"start": "00:30:44", "end": "00:30:48", "text": ">> Uh which reminds me, if you guys have"}, {"start": "00:30:46", "end": "00:30:50", "text": "not joined"}, {"start": "00:30:48", "end": "00:30:52", "text": ">> uh in on our free newsletter, make sure"}, {"start": "00:30:50", "end": "00:30:56", "text": "and visit Paul Baron Network. You guys"}, {"start": "00:30:52", "end": "00:30:58", "text": "can uh of course get uh into our regular"}, {"start": "00:30:56", "end": "00:31:01", "text": "email that comes out to you. It's our"}, {"start": "00:30:58", "end": "00:31:04", "text": "full-blown research. We do it here uh on"}, {"start": "00:31:01", "end": "00:31:07", "text": "the show, but most of the time we'll re"}, {"start": "00:31:04", "end": "00:31:11", "text": "we'll release it to people that are on"}, {"start": "00:31:07", "end": "00:31:13", "text": "our list early. So, if you're on the"}, {"start": "00:31:11", "end": "00:31:16", "text": "list, you guys can of course uh jump in"}, {"start": "00:31:13", "end": "00:31:18", "text": "and do that. Uh it's absolutely free,"}, {"start": "00:31:16", "end": "00:31:20", "text": "very easy to join, too. Let me pull up"}, {"start": "00:31:18", "end": "00:31:23", "text": "this the site for you real quick and you"}, {"start": "00:31:20", "end": "00:31:25", "text": "guys can take a look. But just jump over"}, {"start": "00:31:23", "end": "00:31:27", "text": "uh just become a market edge member."}, {"start": "00:31:25", "end": "00:31:30", "text": "It's very easy to do. You get a once uh"}, {"start": "00:31:27", "end": "00:31:31", "text": "a week email. If you want to get into"}, {"start": "00:31:30", "end": "00:31:34", "text": "our other layers where we actually do"}, {"start": "00:31:31", "end": "00:31:36", "text": "some uh calls for you, you can do that"}, {"start": "00:31:34", "end": "00:31:38", "text": "as well. Uh we've been, you know, of"}, {"start": "00:31:36", "end": "00:31:39", "text": "course giving you some calls and all"}, {"start": "00:31:38", "end": "00:31:43", "text": "that good stuff, but you guys can do"}, {"start": "00:31:39", "end": "00:31:46", "text": "that. Absolutely easy to do. Uh there's"}, {"start": "00:31:43", "end": "00:31:47", "text": "our levels which is Ruby and Forge um"}, {"start": "00:31:46", "end": "00:31:49", "text": "which is all of our research for"}, {"start": "00:31:47", "end": "00:31:53", "text": "everything that we're doing. Evan, the"}, {"start": "00:31:49", "end": "00:31:55", "text": "market right now in in terms of are you"}, {"start": "00:31:53", "end": "00:31:56", "text": "bullish for the rest of the year or are"}, {"start": "00:31:55", "end": "00:31:58", "text": "you in a holding pattern?"}, {"start": "00:31:56", "end": "00:32:00", "text": ">> I'm more crabbish for the rest of the"}, {"start": "00:31:58", "end": "00:32:02", "text": "year. I do it's hard to say. I do think"}, {"start": "00:32:00", "end": "00:32:03", "text": "I do think we consolidate overall from"}, {"start": "00:32:02", "end": "00:32:05", "text": "now to the end of year. I think quarter"}, {"start": "00:32:03", "end": "00:32:07", "text": "one's going to be December could be good"}, {"start": "00:32:05", "end": "00:32:09", "text": "though. It's hard to say. It really is"}, {"start": "00:32:07", "end": "00:32:10", "text": "hard to say. I think it's very foolish"}, {"start": "00:32:09", "end": "00:32:12", "text": "to try to sell Bitcoin right now"}, {"start": "00:32:10", "end": "00:32:15", "text": "significantly below an all-time high. I"}, {"start": "00:32:12", "end": "00:32:17", "text": "think this is still a buy DCA area."}, {"start": "00:32:15", "end": "00:32:18", "text": "Seasonality and midterm elections and"}, {"start": "00:32:17", "end": "00:32:20", "text": "all that type of stuff would probably"}, {"start": "00:32:18", "end": "00:32:22", "text": "tell you we will go at least a little"}, {"start": "00:32:20", "end": "00:32:24", "text": "bit lower, but there's nothing"}, {"start": "00:32:22", "end": "00:32:26", "text": "considerably major, you know, that"}, {"start": "00:32:24", "end": "00:32:27", "text": "concerns me right now. Market still"}, {"start": "00:32:26", "end": "00:32:29", "text": "looks very good in the macro."}, {"start": "00:32:27", "end": "00:32:31", "text": ">> Um, I am very bullish through the end of"}, {"start": "00:32:29", "end": "00:32:34", "text": "the year. I think we may have a"}, {"start": "00:32:31", "end": "00:32:37", "text": "postmidterm run. Um, so look for mid"}, {"start": "00:32:34", "end": "00:32:38", "text": "November into December like you're kind"}, {"start": "00:32:37", "end": "00:32:41", "text": "of leading to, but I think we may"}, {"start": "00:32:38", "end": "00:32:43", "text": "actually have a very healthy run because"}, {"start": "00:32:41", "end": "00:32:47", "text": "I anticipate that there could be some"}, {"start": "00:32:43", "end": "00:32:49", "text": "major changes on the front in the Middle"}, {"start": "00:32:47", "end": "00:32:52", "text": "East. And I also anticipate there will"}, {"start": "00:32:49", "end": "00:32:54", "text": "be some major changes with the Fed's"}, {"start": "00:32:52", "end": "00:32:57", "text": "narrative going forward, especially on"}, {"start": "00:32:54", "end": "00:33:00", "text": "the outlook for the December FOMC. So be"}, {"start": "00:32:57", "end": "00:33:02", "text": "on the lookout for that December FOMC."}, {"start": "00:33:00", "end": "00:33:04", "text": "That's when I think you'll see the term"}, {"start": "00:33:02", "end": "00:33:05", "text": "starting to set up. And then also just"}, {"start": "00:33:04", "end": "00:33:08", "text": "in general, the bullish nature of what's"}, {"start": "00:33:05", "end": "00:33:10", "text": "going on with the SEC and the CFTC make"}, {"start": "00:33:08", "end": "00:33:12", "text": "me much more bullish into the end of the"}, {"start": "00:33:10", "end": "00:33:14", "text": "year. If you guys want to visit Evan"}, {"start": "00:33:12", "end": "00:33:17", "text": "Aldo's uh YouTube channel, you can do"}, {"start": "00:33:14", "end": "00:33:19", "text": "that. Just search Evan Aldo. He does"}, {"start": "00:33:17", "end": "00:33:22", "text": "Bitcoin trading, macro allocation"}, {"start": "00:33:19", "end": "00:33:24", "text": "strategies, all that good stuff. What"}, {"start": "00:33:22", "end": "00:33:28", "text": "are you offering right now besides"}, {"start": "00:33:24", "end": "00:33:30", "text": "trading tactics? Do you do anything else"}, {"start": "00:33:28", "end": "00:33:33", "text": "within your your platform?"}, {"start": "00:33:30", "end": "00:33:35", "text": ">> It's a lot of macro allocation. Yeah, a"}, {"start": "00:33:33", "end": "00:33:37", "text": "lot of trading. It's mainly, you know,"}, {"start": "00:33:35", "end": "00:33:39", "text": "longer term swing momentum swing"}, {"start": "00:33:37", "end": "00:33:41", "text": "trading. In addition, for people who"}, {"start": "00:33:39", "end": "00:33:42", "text": "aren't really traders, it's macro"}, {"start": "00:33:41", "end": "00:33:46", "text": "allocation where you're only doing, you"}, {"start": "00:33:42", "end": "00:33:48", "text": "know, one few months. Yeah. Following"}, {"start": "00:33:46", "end": "00:33:50", "text": "kind of Yeah. the based on the momentum"}, {"start": "00:33:48", "end": "00:33:50", "text": "essentially, building portfolios. So,"}, {"start": "00:33:50", "end": "00:33:52", "text": "yeah."}, {"start": "00:33:50", "end": "00:33:53", "text": ">> I love it. I love it. All right, guys."}, {"start": "00:33:52", "end": "00:33:56", "text": "We're going to catch you next week. I'll"}, {"start": "00:33:53", "end": "00:33:58", "text": "be back in studio. We've got a lot of"}, {"start": "00:33:56", "end": "00:33:59", "text": "new guests coming on next week. So, make"}, {"start": "00:33:58", "end": "00:34:00", "text": "uh make sure and subscribe to the"}, {"start": "00:33:59", "end": "00:34:02", "text": "channel if you haven't done that"}, {"start": "00:34:00", "end": "00:34:04", "text": "already. And we'll catch you guys later."}, {"start": "00:34:02", "end": "00:34:04", "text": "[music]"}, {"start": "00:34:08", "end": "00:34:12", "text": "If you like this video, hit [music] like"}, {"start": "00:34:10", "end": "00:34:14", "text": "and subscribe. Drop a comment down below"}, {"start": "00:34:12", "end": "00:34:19", "text": "and also join our free private member"}, {"start": "00:34:14", "end": "00:34:19", "text": "group. The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "The market, of course, adjusting now in"}, {"start": "00:00:02", "end": "00:00:05", "text": "a big way. We are going to talk about"}, {"start": "00:00:04", "end": "00:00:07", "text": "oil today. What kind of impact that"}, {"start": "00:00:05", "end": "00:00:09", "text": "might have on crypto and also the"}, {"start": "00:00:07", "end": "00:00:11", "text": "traditional markets. We'll also look at"}, {"start": "00:00:09", "end": "00:00:13", "text": "DeFi maybe stabilizing. We'll get into"}, {"start": "00:00:11", "end": "00:00:15", "text": "the CPI. Everybody wants to know what"}, {"start": "00:00:13", "end": "00:00:17", "text": "these numbers mean in terms of"}, {"start": "00:00:15", "end": "00:00:21", "text": "investing. And then, of course, we'll"}, {"start": "00:00:17", "end": "00:00:23", "text": "also take a look at the growth of where"}, {"start": "00:00:21", "end": "00:00:25", "text": "the traditional finance market could be."}, {"start": "00:00:23", "end": "00:00:27", "text": "Because if you look at earnings, this is"}, {"start": "00:00:25", "end": "00:00:30", "text": "one of those areas that's been very good"}, {"start": "00:00:27", "end": "00:00:33", "text": "for the S&P 500. So, we'll look at that."}, {"start": "00:00:30", "end": "00:00:34", "text": "Cuz this has a huge factor in how it"}, {"start": "00:00:33", "end": "00:00:37", "text": "could play out toward the end of the"}, {"start": "00:00:34", "end": "00:00:38", "text": "year. Especially with these CPI numbers,"}, {"start": "00:00:37", "end": "00:00:40", "text": "who knows what this is going to do with"}, {"start": "00:00:38", "end": "00:00:41", "text": "uh Kevin Warsh. Uh it's going to be a"}, {"start": "00:00:40", "end": "00:00:43", "text": "good show today. Uh it's a little"}, {"start": "00:00:41", "end": "00:00:45", "text": "different today as you guys see. I'm out"}, {"start": "00:00:43", "end": "00:00:46", "text": "of the studio. Uh we're going to be"}, {"start": "00:00:45", "end": "00:00:48", "text": "putting this show on the main channel"}, {"start": "00:00:46", "end": "00:00:50", "text": "and we're going to bring back in one of"}, {"start": "00:00:48", "end": "00:00:52", "text": "our analysts that has joined us. She"}, {"start": "00:00:50", "end": "00:00:54", "text": "actually comes on this show called the"}, {"start": "00:00:52", "end": "00:00:55", "text": "Digital Street over on the podcast"}, {"start": "00:00:54", "end": "00:00:57", "text": "channel. So, you guys can check it out"}, {"start": "00:00:55", "end": "00:01:00", "text": "over there. But, let me bring in Rebecca"}, {"start": "00:00:57", "end": "00:01:01", "text": "Walser who comes in from Walser Wealth"}, {"start": "00:01:00", "end": "00:01:03", "text": "Management. How are you, Rebecca?"}, {"start": "00:01:01", "end": "00:01:04", "text": ">> I'm great, Paul. Thanks for having me."}, {"start": "00:01:03", "end": "00:01:05", "text": "Glad to be here."}, {"start": "00:01:04", "end": "00:01:07", "text": ">> Yeah, nice to see you back. Uh so, we"}, {"start": "00:01:05", "end": "00:01:09", "text": "have to talk about what's going on with"}, {"start": "00:01:07", "end": "00:01:11", "text": "oil prices."}, {"start": "00:01:09", "end": "00:01:13", "text": "And obviously, that was one of the core"}, {"start": "00:01:11", "end": "00:01:15", "text": "elements in the CPI that, you know,"}, {"start": "00:01:13", "end": "00:01:17", "text": "everybody panics and is is, you know,"}, {"start": "00:01:15", "end": "00:01:19", "text": "the sky is falling."}, {"start": "00:01:17", "end": "00:01:22", "text": "What it First of all, what did you think"}, {"start": "00:01:19", "end": "00:01:23", "text": "about them waiting out cuz oil and"}, {"start": "00:01:22", "end": "00:01:26", "text": "energy in general, specifically to"}, {"start": "00:01:23", "end": "00:01:29", "text": "diesel, was kind of the big part where"}, {"start": "00:01:26", "end": "00:01:31", "text": "this CPI number came in from. But, what"}, {"start": "00:01:29", "end": "00:01:32", "text": "was your first opinion when you saw the"}, {"start": "00:01:31", "end": "00:01:35", "text": "CPI data?"}, {"start": "00:01:32", "end": "00:01:37", "text": ">> In a way, I I I was a little relieved,"}, {"start": "00:01:35", "end": "00:01:39", "text": "but also happy in the sense that you"}, {"start": "00:01:37", "end": "00:01:41", "text": "could dig into the numbers and see that"}, {"start": "00:01:39", "end": "00:01:43", "text": "over half of the increase was just"}, {"start": "00:01:41", "end": "00:01:45", "text": "energy related. And and we just have"}, {"start": "00:01:43", "end": "00:01:48", "text": "this rule in economics that you you"}, {"start": "00:01:45", "end": "00:01:50", "text": "don't look at policy decisions on"}, {"start": "00:01:48", "end": "00:01:51", "text": "short-term price action or short-term"}, {"start": "00:01:50", "end": "00:01:53", "text": "inter-disruptions."}, {"start": "00:01:51", "end": "00:01:55", "text": "The issue, of course, Paul, is that"}, {"start": "00:01:53", "end": "00:01:57", "text": "we've been expecting the Iranian"}, {"start": "00:01:55", "end": "00:01:58", "text": "situation to get worked out and then not"}, {"start": "00:01:57", "end": "00:02:01", "text": "get worked out and get worked out. And"}, {"start": "00:01:58", "end": "00:02:03", "text": "so, is it a short-term disruption? Is it"}, {"start": "00:02:01", "end": "00:02:04", "text": "a short-term price action? Is it some"}, {"start": "00:02:03", "end": "00:02:05", "text": "kind of Or is it longer term and is it"}, {"start": "00:02:04", "end": "00:02:08", "text": "something we're going to have to"}, {"start": "00:02:05", "end": "00:02:09", "text": "continuously think about? Well, we have"}, {"start": "00:02:08", "end": "00:02:11", "text": "to keep discounting and we have to keep"}, {"start": "00:02:09", "end": "00:02:12", "text": "inflating and we have to keep dealing"}, {"start": "00:02:11", "end": "00:02:14", "text": "with the fact that we don't know what's"}, {"start": "00:02:12", "end": "00:02:17", "text": "going to happen. But clearly, when you"}, {"start": "00:02:14", "end": "00:02:20", "text": "see that a lot of it was attributed to"}, {"start": "00:02:17", "end": "00:02:24", "text": "gasoline specifically, um rising, you"}, {"start": "00:02:20", "end": "00:02:26", "text": "know, massively, um again, uh driven and"}, {"start": "00:02:24", "end": "00:02:29", "text": "and derived from the both the diesel and"}, {"start": "00:02:26", "end": "00:02:32", "text": "the the wars."}, {"start": "00:02:29", "end": "00:02:35", "text": ">> Do you think that I guess my question is"}, {"start": "00:02:32", "end": "00:02:38", "text": "how long can the US I know you look at"}, {"start": "00:02:35", "end": "00:02:41", "text": "the EU, Asia, China specifically, they"}, {"start": "00:02:38", "end": "00:02:44", "text": "are very dependent on Middle East oil,"}, {"start": "00:02:41", "end": "00:02:46", "text": "specifically from Iran. Um how long do"}, {"start": "00:02:44", "end": "00:02:49", "text": "you think this can handle? Because I"}, {"start": "00:02:46", "end": "00:02:50", "text": "think this is obviously has been"}, {"start": "00:02:49", "end": "00:02:53", "text": "I don't think it's going to have any"}, {"start": "00:02:50", "end": "00:02:55", "text": "impact on the midterms now if if"}, {"start": "00:02:53", "end": "00:02:58", "text": "anything were to were to happen in the"}, {"start": "00:02:55", "end": "00:03:01", "text": "sense of of trying to stop this. So,"}, {"start": "00:02:58", "end": "00:03:03", "text": "unless there was a magical, you know, in"}, {"start": "00:03:01", "end": "00:03:06", "text": "some way a a ceasefire or some sort of"}, {"start": "00:03:03", "end": "00:03:09", "text": "retracement out of Iran. But how much of"}, {"start": "00:03:06", "end": "00:03:11", "text": "long-term impact do you think this has"}, {"start": "00:03:09", "end": "00:03:14", "text": "truly on the market?"}, {"start": "00:03:11", "end": "00:03:16", "text": ">> I mean, well, I think if it could if we"}, {"start": "00:03:14", "end": "00:03:19", "text": "could truncate it and have kind of"}, {"start": "00:03:16", "end": "00:03:21", "text": "status quo return to us, then we could"}, {"start": "00:03:19", "end": "00:03:22", "text": "get back to what we would really be"}, {"start": "00:03:21", "end": "00:03:24", "text": "talking about, which would just be all"}, {"start": "00:03:22", "end": "00:03:27", "text": "of the AM monetization, decentralized"}, {"start": "00:03:24", "end": "00:03:29", "text": "finance really coming in coming into its"}, {"start": "00:03:27", "end": "00:03:30", "text": "beginning to come into its own its own."}, {"start": "00:03:29", "end": "00:03:32", "text": "We would be focused on that and we"}, {"start": "00:03:30", "end": "00:03:34", "text": "wouldn't constantly be going back and"}, {"start": "00:03:32", "end": "00:03:36", "text": "forth to Ukraine and Russia and, you"}, {"start": "00:03:34", "end": "00:03:39", "text": "know, Iran and the Middle East. But I"}, {"start": "00:03:36", "end": "00:03:41", "text": "will say that with the diesel situation"}, {"start": "00:03:39", "end": "00:03:42", "text": "and with the deal that Russia and the"}, {"start": "00:03:41", "end": "00:03:44", "text": "United States are trying to make around"}, {"start": "00:03:42", "end": "00:03:47", "text": "diesel, that is obviously causing us"}, {"start": "00:03:44", "end": "00:03:50", "text": "some issues with our Ukrainian support."}, {"start": "00:03:47", "end": "00:03:51", "text": "And there's already, as you probably are"}, {"start": "00:03:50", "end": "00:03:53", "text": "seeing that there's already Ukraine"}, {"start": "00:03:51", "end": "00:03:55", "text": "saying today that they've been you know"}, {"start": "00:03:53", "end": "00:03:57", "text": "cut cut off from their access to certain"}, {"start": "00:03:55", "end": "00:03:59", "text": "military grade"}, {"start": "00:03:57", "end": "00:04:01", "text": "satellites. So all of this Paul is"}, {"start": "00:03:59", "end": "00:04:04", "text": "absolutely related and interconnected."}, {"start": "00:04:01", "end": "00:04:05", "text": "The world is very very interconnected"}, {"start": "00:04:04", "end": "00:04:07", "text": "more than we've ever been and it's"}, {"start": "00:04:05", "end": "00:04:08", "text": "interesting to see that well we've got a"}, {"start": "00:04:07", "end": "00:04:09", "text": "diesel problem over here. So now we're"}, {"start": "00:04:08", "end": "00:04:11", "text": "talking to Russia about diesel and now"}, {"start": "00:04:09", "end": "00:04:13", "text": "that's affecting our Ukrainian. It is"}, {"start": "00:04:11", "end": "00:04:15", "text": "all so connected economically and that's"}, {"start": "00:04:13", "end": "00:04:17", "text": "the point and and so I think that"}, {"start": "00:04:15", "end": "00:04:19", "text": "investors are I've always already told"}, {"start": "00:04:17", "end": "00:04:22", "text": "investors be investors be in for the"}, {"start": "00:04:19", "end": "00:04:24", "text": "long term with nerves of steel as we go"}, {"start": "00:04:22", "end": "00:04:26", "text": "through this and that is even more"}, {"start": "00:04:24", "end": "00:04:28", "text": "definite as we continue to have these"}, {"start": "00:04:26", "end": "00:04:31", "text": "energy problems that are that are"}, {"start": "00:04:28", "end": "00:04:33", "text": "impacting you know unfortunately capital"}, {"start": "00:04:31", "end": "00:04:34", "text": "costs and capital costs are most"}, {"start": "00:04:33", "end": "00:04:37", "text": "important right now because this is the"}, {"start": "00:04:34", "end": "00:04:39", "text": "age of you know not only governments"}, {"start": "00:04:37", "end": "00:04:40", "text": "funding but also private private sector"}, {"start": "00:04:39", "end": "00:04:43", "text": "needing massive funds for the"}, {"start": "00:04:40", "end": "00:04:45", "text": "monetization. So it's it's it is a it's"}, {"start": "00:04:43", "end": "00:04:46", "text": "a big and challenging time to deal with"}, {"start": "00:04:45", "end": "00:04:47", "text": "all of these factors that consistently"}, {"start": "00:04:46", "end": "00:04:49", "text": "change every night."}, {"start": "00:04:47", "end": "00:04:51", "text": ">> You've got the crude oil chart. I'll"}, {"start": "00:04:49", "end": "00:04:53", "text": "bring it up real quick."}, {"start": "00:04:51", "end": "00:04:55", "text": "Um it's not back to the all-time high"}, {"start": "00:04:53", "end": "00:04:57", "text": "but definitely hovering right there"}, {"start": "00:04:55", "end": "00:05:00", "text": "almost near 100 bucks. It's at 95"}, {"start": "00:04:57", "end": "00:05:02", "text": "trading right now. We saw that pullback"}, {"start": "00:05:00", "end": "00:05:04", "text": "a few weeks ago where where it looked as"}, {"start": "00:05:02", "end": "00:05:06", "text": "though there might be some sort of"}, {"start": "00:05:04", "end": "00:05:08", "text": "reprieve but that did not happen."}, {"start": "00:05:06", "end": "00:05:11", "text": "Um however"}, {"start": "00:05:08", "end": "00:05:13", "text": "uh you look at this low back here at 68"}, {"start": "00:05:11", "end": "00:05:16", "text": "bucks. I mean do you think"}, {"start": "00:05:13", "end": "00:05:17", "text": "cuz the market has been performing"}, {"start": "00:05:16", "end": "00:05:19", "text": "regardless of what has been happening"}, {"start": "00:05:17", "end": "00:05:21", "text": "with oil."}, {"start": "00:05:19", "end": "00:05:23", "text": "At some point does the market finally"}, {"start": "00:05:21", "end": "00:05:26", "text": "kind of throw its hands up and say okay"}, {"start": "00:05:23", "end": "00:05:27", "text": "we're done. We think this top is in. You"}, {"start": "00:05:26", "end": "00:05:30", "text": "look at the earnings data that we saw"}, {"start": "00:05:27", "end": "00:05:31", "text": "from Q3. Um"}, {"start": "00:05:30", "end": "00:05:33", "text": "what do you think is going to be the"}, {"start": "00:05:31", "end": "00:05:35", "text": "factor here? Do they care about where"}, {"start": "00:05:33", "end": "00:05:37", "text": "oil is or not?"}, {"start": "00:05:35", "end": "00:05:40", "text": ">> Yeah and I think what you're seeing Paul"}, {"start": "00:05:37", "end": "00:05:41", "text": "is you're seeing uh the market doing"}, {"start": "00:05:40", "end": "00:05:44", "text": "um"}, {"start": "00:05:41", "end": "00:05:45", "text": "crazily well right now in the face of"}, {"start": "00:05:44", "end": "00:05:49", "text": "everything that's happened because you"}, {"start": "00:05:45", "end": "00:05:52", "text": "have had a substantial run of time and"}, {"start": "00:05:49", "end": "00:05:55", "text": "I'm talking about over a decade of hyper"}, {"start": "00:05:52", "end": "00:05:58", "text": "scalers and mag 7 and all of these"}, {"start": "00:05:55", "end": "00:06:00", "text": "companies having massive free cash flow"}, {"start": "00:05:58", "end": "00:06:02", "text": "and building up look at look at Apple"}, {"start": "00:06:00", "end": "00:06:05", "text": "for example building up you just a war"}, {"start": "00:06:02", "end": "00:06:07", "text": "chest of cash and then now starting to"}, {"start": "00:06:05", "end": "00:06:09", "text": "monetize and starting to so in other"}, {"start": "00:06:07", "end": "00:06:10", "text": "words what I'm trying to say is we are"}, {"start": "00:06:09", "end": "00:06:11", "text": "less than a year into this world"}, {"start": "00:06:10", "end": "00:06:13", "text": "although it doesn't feel like that it"}, {"start": "00:06:11", "end": "00:06:15", "text": "doesn't feel like that it seems like"}, {"start": "00:06:13", "end": "00:06:17", "text": "it's been 3 years because of how much"}, {"start": "00:06:15", "end": "00:06:19", "text": "back and forth it is but we I think that"}, {"start": "00:06:17", "end": "00:06:21", "text": "the action started on February 28th you"}, {"start": "00:06:19", "end": "00:06:23", "text": "know really beginning of March and so"}, {"start": "00:06:21", "end": "00:06:25", "text": "what what that means is we're not even a"}, {"start": "00:06:23", "end": "00:06:27", "text": "year into this and so companies that had"}, {"start": "00:06:25", "end": "00:06:30", "text": "substantial reserves are going to be"}, {"start": "00:06:27", "end": "00:06:32", "text": "able to kind of deal with short-term"}, {"start": "00:06:30", "end": "00:06:35", "text": "temporary price increases without"}, {"start": "00:06:32", "end": "00:06:37", "text": "massive drag on maybe share price or"}, {"start": "00:06:35", "end": "00:06:39", "text": "even revenue expectations and profit"}, {"start": "00:06:37", "end": "00:06:41", "text": "expectations until it is no longer"}, {"start": "00:06:39", "end": "00:06:45", "text": "short-term until it's like okay now this"}, {"start": "00:06:41", "end": "00:06:45", "text": "is going to be a medium term threat"}, {"start": "00:06:45", "end": "00:06:47", "text": "going to have to deal with it in the"}, {"start": "00:06:45", "end": "00:06:49", "text": "medium term and that's when you're going"}, {"start": "00:06:47", "end": "00:06:51", "text": "to start seeing things change I think a"}, {"start": "00:06:49", "end": "00:06:53", "text": "lot of companies have done a lot of have"}, {"start": "00:06:51", "end": "00:06:55", "text": "made a lot of effort to keep the price"}, {"start": "00:06:53", "end": "00:06:56", "text": "increases on their end because the"}, {"start": "00:06:55", "end": "00:06:58", "text": "consumer obviously especially at the"}, {"start": "00:06:56", "end": "00:07:00", "text": "bottom of the K and the in this"}, {"start": "00:06:58", "end": "00:07:03", "text": "bifurcated economy that we have they"}, {"start": "00:07:00", "end": "00:07:05", "text": "can't really take on more and you know"}, {"start": "00:07:03", "end": "00:07:07", "text": "when you see McDonald's dropping in"}, {"start": "00:07:05", "end": "00:07:09", "text": "sales because the person that shot goes"}, {"start": "00:07:07", "end": "00:07:11", "text": "to McDonald's can't afford to go to"}, {"start": "00:07:09", "end": "00:07:13", "text": "McDonald's that's when you know like"}, {"start": "00:07:11", "end": "00:07:16", "text": "they're tapped out ironically we still"}, {"start": "00:07:13", "end": "00:07:18", "text": "have retail sales double last number for"}, {"start": "00:07:16", "end": "00:07:20", "text": "August come in surprisingly high and"}, {"start": "00:07:18", "end": "00:07:21", "text": "part of that though yeah and then so"}, {"start": "00:07:20", "end": "00:07:24", "text": "you're like you've got a you know a"}, {"start": "00:07:21", "end": "00:07:26", "text": "dismantled consumer higher prices yet"}, {"start": "00:07:24", "end": "00:07:28", "text": "they're still spending part of the"}, {"start": "00:07:26", "end": "00:07:30", "text": "increase in spending is the cost is that"}, {"start": "00:07:28", "end": "00:07:32", "text": "it's more expensive but still it's not"}, {"start": "00:07:30", "end": "00:07:34", "text": "more expensive enough to make the price"}, {"start": "00:07:32", "end": "00:07:36", "text": "that the actual sales go down but we're"}, {"start": "00:07:34", "end": "00:07:38", "text": "getting there Paul it's been a it's been"}, {"start": "00:07:36", "end": "00:07:40", "text": "a almost 9 months and we're starting to"}, {"start": "00:07:38", "end": "00:07:41", "text": "get there well you mentioned McDonald's"}, {"start": "00:07:40", "end": "00:07:45", "text": "that was one of the performers I think"}, {"start": "00:07:41", "end": "00:07:47", "text": "it's up 2 1/2% which is good for for a"}, {"start": "00:07:45", "end": "00:07:50", "text": "stock like that. But to your point,"}, {"start": "00:07:47", "end": "00:07:53", "text": "maybe this whole issue with the CPI"}, {"start": "00:07:50", "end": "00:07:54", "text": "coming out and consumer data coming in a"}, {"start": "00:07:53", "end": "00:07:56", "text": "little soft but not necessarily that"}, {"start": "00:07:54", "end": "00:08:00", "text": "much even though we reported yesterday"}, {"start": "00:07:56", "end": "00:08:02", "text": "that there is almost 75% of consumers"}, {"start": "00:08:00", "end": "00:08:04", "text": "that are looking at ways to reduce"}, {"start": "00:08:02", "end": "00:08:05", "text": "spending during the holidays cuz we're"}, {"start": "00:08:04", "end": "00:08:06", "text": "getting ready"}, {"start": "00:08:05", "end": "00:08:07", "text": "to roll into one of the biggest retail"}, {"start": "00:08:06", "end": "00:08:10", "text": "seasons. When you go back to the"}, {"start": "00:08:07", "end": "00:08:11", "text": "earnings data I just showed on screen,"}, {"start": "00:08:10", "end": "00:08:12", "text": "just for you guys. Actually, let me"}, {"start": "00:08:11", "end": "00:08:14", "text": "share that with you guys again so you"}, {"start": "00:08:12", "end": "00:08:16", "text": "can kind of follow along here in case"}, {"start": "00:08:14", "end": "00:08:18", "text": "you're listening to this on the podcast"}, {"start": "00:08:16", "end": "00:08:21", "text": "side. Let me go over here. Yeah, here we"}, {"start": "00:08:18", "end": "00:08:22", "text": "go. All right, so this was the Q3"}, {"start": "00:08:21", "end": "00:08:25", "text": "year-over-year."}, {"start": "00:08:22", "end": "00:08:27", "text": "Earnings were expected at 30.6. That"}, {"start": "00:08:25", "end": "00:08:31", "text": "would be including the excluding the"}, {"start": "00:08:27", "end": "00:08:34", "text": "energy sector. It came in basically"}, {"start": "00:08:31", "end": "00:08:36", "text": "estimate right now at 26 and 1/2. 19 of"}, {"start": "00:08:34", "end": "00:08:38", "text": "the 19 companies in the S&P 500 that"}, {"start": "00:08:36", "end": "00:08:41", "text": "reported earnings"}, {"start": "00:08:38", "end": "00:08:43", "text": "to date for 26 Q3,"}, {"start": "00:08:41", "end": "00:08:45", "text": "84.2%"}, {"start": "00:08:43", "end": "00:08:47", "text": "reported above."}, {"start": "00:08:45", "end": "00:08:49", "text": "So,"}, {"start": "00:08:47", "end": "00:08:52", "text": "at some point does this market top have"}, {"start": "00:08:49", "end": "00:08:54", "text": "to stop? I mean, I just can't see this"}, {"start": "00:08:52", "end": "00:08:57", "text": "continuing with all of the macro"}, {"start": "00:08:54", "end": "00:09:00", "text": "pressure that we have."}, {"start": "00:08:57", "end": "00:09:02", "text": ">> You know, your your question to me from"}, {"start": "00:09:00", "end": "00:09:04", "text": "an economic perspective is what is the"}, {"start": "00:09:02", "end": "00:09:05", "text": "ultimate source of this wealth? I mean,"}, {"start": "00:09:04", "end": "00:09:06", "text": "where is it coming from?"}, {"start": "00:09:05", "end": "00:09:09", "text": ">> Yeah, exactly."}, {"start": "00:09:06", "end": "00:09:12", "text": ">> Right now, the hyperscalers"}, {"start": "00:09:09", "end": "00:09:15", "text": "have a substantial war chest and they're"}, {"start": "00:09:12", "end": "00:09:16", "text": "happily able to sell bonds and they're"}, {"start": "00:09:15", "end": "00:09:18", "text": "happily able even like we've seen"}, {"start": "00:09:16", "end": "00:09:20", "text": "Alphabet issue issue stock which that is"}, {"start": "00:09:18", "end": "00:09:22", "text": "a little bit alarming when you start to"}, {"start": "00:09:20", "end": "00:09:25", "text": "when you leave the the using your free"}, {"start": "00:09:22", "end": "00:09:26", "text": "cash flow and you leave the you raising"}, {"start": "00:09:25", "end": "00:09:28", "text": "raising capital through bonds and you"}, {"start": "00:09:26", "end": "00:09:30", "text": "start to issue stock, that's when the"}, {"start": "00:09:28", "end": "00:09:33", "text": "market doesn't like that as much because"}, {"start": "00:09:30", "end": "00:09:35", "text": "the market wants you to use bonds and"}, {"start": "00:09:33", "end": "00:09:37", "text": "use stock only for I would would really"}, {"start": "00:09:35", "end": "00:09:39", "text": "IPOs unless there's some unless you have"}, {"start": "00:09:37", "end": "00:09:39", "text": "some kind of new formula"}, {"start": "00:09:39", "end": "00:09:42", "text": ">> [laughter]"}, {"start": "00:09:39", "end": "00:09:43", "text": ">> or something with you know. So"}, {"start": "00:09:42", "end": "00:09:44", "text": "ultimately"}, {"start": "00:09:43", "end": "00:09:47", "text": "we're able to do this on a very"}, {"start": "00:09:44", "end": "00:09:50", "text": "short-term basis. We can very short-term"}, {"start": "00:09:47", "end": "00:09:52", "text": "use our war chest. We can very"}, {"start": "00:09:50", "end": "00:09:54", "text": "short-term cover higher energy costs. We"}, {"start": "00:09:52", "end": "00:09:57", "text": "can do all those things but ultimately"}, {"start": "00:09:54", "end": "00:09:59", "text": "where does the wealth get originated"}, {"start": "00:09:57", "end": "00:10:01", "text": "from? In other words, if you don't have"}, {"start": "00:09:59", "end": "00:10:02", "text": "a continuous source to be able to"}, {"start": "00:10:01", "end": "00:10:05", "text": "continuously build that war chest and"}, {"start": "00:10:02", "end": "00:10:07", "text": "spend more on energy and do that"}, {"start": "00:10:05", "end": "00:10:10", "text": "it will stop and and that's the question"}, {"start": "00:10:07", "end": "00:10:12", "text": "Paul is who is the ultimate source of"}, {"start": "00:10:10", "end": "00:10:16", "text": "going to be able to consume all of this"}, {"start": "00:10:12", "end": "00:10:18", "text": "AI for what it is costing. And the"}, {"start": "00:10:16", "end": "00:10:21", "text": "interesting thing is that the very"}, {"start": "00:10:18", "end": "00:10:24", "text": "consumers of it are the people that will"}, {"start": "00:10:21", "end": "00:10:26", "text": "be displaced by it and this goes back to"}, {"start": "00:10:24", "end": "00:10:28", "text": "the same concept we keep talking about"}, {"start": "00:10:26", "end": "00:10:30", "text": "is how are we going to make money after"}, {"start": "00:10:28", "end": "00:10:32", "text": "we no longer as an individual human"}, {"start": "00:10:30", "end": "00:10:35", "text": "contribute either gross domestic product"}, {"start": "00:10:32", "end": "00:10:36", "text": "or service to our GDP."}, {"start": "00:10:35", "end": "00:10:38", "text": "That is the question. What is the"}, {"start": "00:10:36", "end": "00:10:41", "text": "originating source of wealth on a"}, {"start": "00:10:38", "end": "00:10:44", "text": "continuous basis once we we get to this"}, {"start": "00:10:41", "end": "00:10:47", "text": "this phase because no, we cannot on a"}, {"start": "00:10:44", "end": "00:10:50", "text": "continuous basis keep up investment and"}, {"start": "00:10:47", "end": "00:10:52", "text": "expenses like we have without some"}, {"start": "00:10:50", "end": "00:10:56", "text": "additional source. And the source of"}, {"start": "00:10:52", "end": "00:10:59", "text": "wealth Paul has always been us creating"}, {"start": "00:10:56", "end": "00:11:00", "text": "creating you know value of something and"}, {"start": "00:10:59", "end": "00:11:02", "text": "if we're not doing that anymore, that is"}, {"start": "00:11:00", "end": "00:11:04", "text": "the the you know the"}, {"start": "00:11:02", "end": "00:11:04", "text": "atmospheric question that no one can"}, {"start": "00:11:04", "end": "00:11:07", "text": "seem to answer."}, {"start": "00:11:04", "end": "00:11:09", "text": ">> Definitely is it's a big question. Many"}, {"start": "00:11:07", "end": "00:11:12", "text": "people are on two sides of this. There"}, {"start": "00:11:09", "end": "00:11:13", "text": "are the AI doomers that are out there"}, {"start": "00:11:12", "end": "00:11:15", "text": "saying you know this is going to kill us"}, {"start": "00:11:13", "end": "00:11:17", "text": "all. We've got this"}, {"start": "00:11:15", "end": "00:11:19", "text": "also doomerism saying that this bubble's"}, {"start": "00:11:17", "end": "00:11:21", "text": "going to pop."}, {"start": "00:11:19", "end": "00:11:22", "text": "So you have that angle. Then you have"}, {"start": "00:11:21", "end": "00:11:24", "text": "the the opposite side of the side of the"}, {"start": "00:11:22", "end": "00:11:26", "text": "trade which I'm looking at right now."}, {"start": "00:11:24", "end": "00:11:28", "text": "That's the S&P guys. And if you look at"}, {"start": "00:11:26", "end": "00:11:31", "text": "this date right here, that was March of"}, {"start": "00:11:28", "end": "00:11:32", "text": "26. Mhm."}, {"start": "00:11:31", "end": "00:11:33", "text": "what a great time to be in the stock"}, {"start": "00:11:32", "end": "00:11:34", "text": "market, right?"}, {"start": "00:11:33", "end": "00:11:37", "text": ">> Right. Right."}, {"start": "00:11:34", "end": "00:11:39", "text": ">> March of '26, if you were entered at"}, {"start": "00:11:37", "end": "00:11:41", "text": "that time, we haven't seen those kind of"}, {"start": "00:11:39", "end": "00:11:43", "text": "numbers in a very long time. But even at"}, {"start": "00:11:41", "end": "00:11:46", "text": "trading it today, 20% on the year so"}, {"start": "00:11:43", "end": "00:11:49", "text": "far, and it's what, October 15th as we"}, {"start": "00:11:46", "end": "00:11:51", "text": "record this. So, not a bad performance"}, {"start": "00:11:49", "end": "00:11:54", "text": "if uh somebody signed up there. The real"}, {"start": "00:11:51", "end": "00:11:56", "text": "question is, does it actually crack"}, {"start": "00:11:54", "end": "00:11:58", "text": "8,000? What would be your"}, {"start": "00:11:56", "end": "00:11:59", "text": "prediction on that? Do you have one? Do"}, {"start": "00:11:58", "end": "00:12:01", "text": "you think it hits 8,000?"}, {"start": "00:11:59", "end": "00:12:04", "text": ">> I mean, I think that we are going to"}, {"start": "00:12:01", "end": "00:12:06", "text": "skip an October uh hike. It's just never"}, {"start": "00:12:04", "end": "00:12:07", "text": "We don't We don't hike this that close"}, {"start": "00:12:06", "end": "00:12:10", "text": "to an election, and that would I think"}, {"start": "00:12:07", "end": "00:12:11", "text": "give the markets a little bit of just"}, {"start": "00:12:10", "end": "00:12:14", "text": "knowledge that, okay, we've got set"}, {"start": "00:12:11", "end": "00:12:16", "text": "policy through until at least December."}, {"start": "00:12:14", "end": "00:12:18", "text": "And, you know, I think that what we"}, {"start": "00:12:16", "end": "00:12:20", "text": "might see, Paul, what I'm starting to"}, {"start": "00:12:18", "end": "00:12:22", "text": "kind of get uh feelers out economically"}, {"start": "00:12:20", "end": "00:12:25", "text": "is that we might see some some jobs data"}, {"start": "00:12:22", "end": "00:12:27", "text": "coming negative in the next uh you know,"}, {"start": "00:12:25", "end": "00:12:29", "text": "a couple of reads before the December"}, {"start": "00:12:27", "end": "00:12:31", "text": "hike, in which case, if we were to get"}, {"start": "00:12:29", "end": "00:12:33", "text": "that, then I would hope that we would"}, {"start": "00:12:31", "end": "00:12:34", "text": "start to think about And here's what I'm"}, {"start": "00:12:33", "end": "00:12:36", "text": "concerned about, Paul. Just let me just"}, {"start": "00:12:34", "end": "00:12:39", "text": "cut to the chase. What I'm concerned"}, {"start": "00:12:36", "end": "00:12:42", "text": "about is that we have had the energy"}, {"start": "00:12:39", "end": "00:12:44", "text": "prices disguise the fact that overall,"}, {"start": "00:12:42", "end": "00:12:46", "text": "we don't have the breadth that we need"}, {"start": "00:12:44", "end": "00:12:48", "text": "in this market. It's not Even though we"}, {"start": "00:12:46", "end": "00:12:51", "text": "you pointed out that it's it was beyond"}, {"start": "00:12:48", "end": "00:12:53", "text": "just the hyper scalars, it's not as as"}, {"start": "00:12:51", "end": "00:12:55", "text": "deep and as wide as I would like. And"}, {"start": "00:12:53", "end": "00:12:58", "text": "for that reason, any kind of economic"}, {"start": "00:12:55", "end": "00:13:01", "text": "malaise, like jobs starting to you know,"}, {"start": "00:12:58", "end": "00:13:03", "text": "the jobs claims going up, jobs numbers"}, {"start": "00:13:01", "end": "00:13:05", "text": "being missed, those kinds of things I"}, {"start": "00:13:03", "end": "00:13:07", "text": "think are would not be They're being"}, {"start": "00:13:05", "end": "00:13:09", "text": "obfuscated right now by the fact that"}, {"start": "00:13:07", "end": "00:13:11", "text": "everything is still more expensive as if"}, {"start": "00:13:09", "end": "00:13:13", "text": "this energy and this this whole economy"}, {"start": "00:13:11", "end": "00:13:15", "text": "is taking off. And the economy has done"}, {"start": "00:13:13", "end": "00:13:17", "text": "well. The S&P has done very well. But I"}, {"start": "00:13:15", "end": "00:13:19", "text": "think if you look at the breadth and the"}, {"start": "00:13:17", "end": "00:13:22", "text": "depth, you'll see that it's still really"}, {"start": "00:13:19", "end": "00:13:23", "text": "relegated to tech, and we need a"}, {"start": "00:13:22", "end": "00:13:26", "text": "broadening out. And right now, that"}, {"start": "00:13:23", "end": "00:13:27", "text": "isn't happening in the in the bifurcated"}, {"start": "00:13:26", "end": "00:13:28", "text": "economy. That isn't happening for the"}, {"start": "00:13:27", "end": "00:13:29", "text": "bottom half of the country. They're"}, {"start": "00:13:28", "end": "00:13:31", "text": "thinking that they're that we're"}, {"start": "00:13:29", "end": "00:13:34", "text": "basically probably in a recession."}, {"start": "00:13:31", "end": "00:13:36", "text": "That's how they're feeling. And I think"}, {"start": "00:13:34", "end": "00:13:38", "text": "that it's the just you can have a one"}, {"start": "00:13:36", "end": "00:13:40", "text": "sector that's pulling, you know, the"}, {"start": "00:13:38", "end": "00:13:41", "text": "rising the boats, and it looks but good"}, {"start": "00:13:40", "end": "00:13:43", "text": "but until you really look under the"}, {"start": "00:13:41", "end": "00:13:46", "text": "under the covers and you realize, \"Wow,"}, {"start": "00:13:43", "end": "00:13:49", "text": "this is really an inflationary time with"}, {"start": "00:13:46", "end": "00:13:52", "text": "some jobs issues.\" And you know, that"}, {"start": "00:13:49", "end": "00:13:54", "text": "can switch really quickly to, you know,"}, {"start": "00:13:52", "end": "00:13:57", "text": "a disinflationary problem, you know."}, {"start": "00:13:54", "end": "00:14:00", "text": ">> Well, do you think that because we've"}, {"start": "00:13:57", "end": "00:14:03", "text": "had bad news coming in from Open AI,"}, {"start": "00:14:00", "end": "00:14:05", "text": "then good news on"}, {"start": "00:14:03", "end": "00:14:07", "text": "Anthropic, their just their quarterly, I"}, {"start": "00:14:05", "end": "00:14:10", "text": "think, jumped like 45%"}, {"start": "00:14:07", "end": "00:14:12", "text": "up to almost 17 billion. I think was the"}, {"start": "00:14:10", "end": "00:14:15", "text": "numbers I'm looking at it here. Yeah."}, {"start": "00:14:12", "end": "00:14:16", "text": "So, yeah, 16.8 billion. So,"}, {"start": "00:14:15", "end": "00:14:17", "text": "um"}, {"start": "00:14:16", "end": "00:14:20", "text": "that would be a pretty significant"}, {"start": "00:14:17", "end": "00:14:21", "text": "variation in a very short period of time"}, {"start": "00:14:20", "end": "00:14:23", "text": "of these"}, {"start": "00:14:21", "end": "00:14:25", "text": "major AI companies"}, {"start": "00:14:23", "end": "00:14:28", "text": "losing money, then all of a sudden"}, {"start": "00:14:25", "end": "00:14:31", "text": "earning money. Is it somewhat cyclical"}, {"start": "00:14:28", "end": "00:14:32", "text": "here? Is there Are there other things"}, {"start": "00:14:31", "end": "00:14:34", "text": "that are brewing that really kind of"}, {"start": "00:14:32", "end": "00:14:36", "text": "caused the market? And And I guess the"}, {"start": "00:14:34", "end": "00:14:37", "text": "real question is is what other stock"}, {"start": "00:14:36", "end": "00:14:40", "text": "sectors win"}, {"start": "00:14:37", "end": "00:14:43", "text": "if if AI does get a bid here and"}, {"start": "00:14:40", "end": "00:14:45", "text": "continue its climb above 8,000 for what"}, {"start": "00:14:43", "end": "00:14:46", "text": "we're seeing on the S&P?"}, {"start": "00:14:45", "end": "00:14:48", "text": "What do you think they would be?"}, {"start": "00:14:46", "end": "00:14:49", "text": ">> I Well, so it's interesting you ask that"}, {"start": "00:14:48", "end": "00:14:52", "text": "because like I would have expected"}, {"start": "00:14:49", "end": "00:14:53", "text": "utilities to have a banner year with the"}, {"start": "00:14:52", "end": "00:14:56", "text": "data center build-outs because they're"}, {"start": "00:14:53", "end": "00:14:58", "text": "they're absolutely massively integral."}, {"start": "00:14:56", "end": "00:15:00", "text": "And they're the second worst performer"}, {"start": "00:14:58", "end": "00:15:03", "text": "of the year to date. I mean, you've got"}, {"start": "00:15:00", "end": "00:15:05", "text": "consumer discretionary not, you know,"}, {"start": "00:15:03", "end": "00:15:07", "text": "like an 8% decline year-over-year, but"}, {"start": "00:15:05", "end": "00:15:09", "text": "utilities are off over 5%"}, {"start": "00:15:07", "end": "00:15:11", "text": "year-over-year. And that's unusual"}, {"start": "00:15:09", "end": "00:15:13", "text": "because you would have thought that the"}, {"start": "00:15:11", "end": "00:15:16", "text": "demand would would just be massively"}, {"start": "00:15:13", "end": "00:15:17", "text": "picking up. So, right now, outside of"}, {"start": "00:15:16", "end": "00:15:19", "text": "tech, I can tell you where I won't put"}, {"start": "00:15:17", "end": "00:15:22", "text": "money, and that's financials. They they"}, {"start": "00:15:19", "end": "00:15:23", "text": "are I just feel like I'm not a huge"}, {"start": "00:15:22", "end": "00:15:25", "text": "financial"}, {"start": "00:15:23", "end": "00:15:27", "text": "I'm not a bank fan because I know that"}, {"start": "00:15:25", "end": "00:15:28", "text": "they're their time is limited and for"}, {"start": "00:15:27", "end": "00:15:30", "text": "the ones that can figure out how to"}, {"start": "00:15:28", "end": "00:15:32", "text": "continue to make remain relevant that"}, {"start": "00:15:30", "end": "00:15:33", "text": "they will be winning. I think Wells"}, {"start": "00:15:32", "end": "00:15:35", "text": "Fargo is starting to really look at"}, {"start": "00:15:33", "end": "00:15:37", "text": "that. But otherwise"}, {"start": "00:15:35", "end": "00:15:39", "text": "it's hard to pick a winner to be honest."}, {"start": "00:15:37", "end": "00:15:41", "text": "What I would normally say what I'm"}, {"start": "00:15:39", "end": "00:15:44", "text": "feeling right now Paul is that you"}, {"start": "00:15:41", "end": "00:15:46", "text": "should probably look at consumer staples"}, {"start": "00:15:44", "end": "00:15:50", "text": "and utilities as kind of your your"}, {"start": "00:15:46", "end": "00:15:51", "text": "laggard you know, they will as"}, {"start": "00:15:50", "end": "00:15:54", "text": ">> They are our backstop. Yeah, they are"}, {"start": "00:15:51", "end": "00:15:56", "text": "our backstop exactly. Because it doesn't"}, {"start": "00:15:54", "end": "00:15:58", "text": "feel recessionary. I'm feeling"}, {"start": "00:15:56", "end": "00:15:59", "text": "recessionary right now. It's not good. I"}, {"start": "00:15:58", "end": "00:16:01", "text": "know."}, {"start": "00:15:59", "end": "00:16:03", "text": ">> Oh, Rebecca is feeling That's not good"}, {"start": "00:16:01", "end": "00:16:04", "text": "at all cuz normally you're very bullish"}, {"start": "00:16:03", "end": "00:16:06", "text": "on the market."}, {"start": "00:16:04", "end": "00:16:09", "text": ">> I am. I am and I and and that's the"}, {"start": "00:16:06", "end": "00:16:11", "text": "dichotomy. How do you reconcile"}, {"start": "00:16:09", "end": "00:16:13", "text": "what is happening with AI and the fact"}, {"start": "00:16:11", "end": "00:16:17", "text": "that you do have a lot of corporations"}, {"start": "00:16:13", "end": "00:16:19", "text": "multi-national corporations that you"}, {"start": "00:16:17", "end": "00:16:21", "text": "know, will be able to withstand a"}, {"start": "00:16:19", "end": "00:16:22", "text": "short-term and what does short-term"}, {"start": "00:16:21", "end": "00:16:25", "text": "mean? Is it 2 years? Can they do this"}, {"start": "00:16:22", "end": "00:16:27", "text": "for 2 years? Can they Is it Or are we"}, {"start": "00:16:25", "end": "00:16:28", "text": "going to Or is it a year and that's it"}, {"start": "00:16:27", "end": "00:16:30", "text": "and we need energy prices to come down"}, {"start": "00:16:28", "end": "00:16:33", "text": "and we need you know, yields to come"}, {"start": "00:16:30", "end": "00:16:33", "text": "down. It's just a really unique unique"}, {"start": "00:16:33", "end": "00:16:36", "text": "time."}, {"start": "00:16:33", "end": "00:16:38", "text": ">> This was the IMF kind of referencing"}, {"start": "00:16:36", "end": "00:16:40", "text": "that is that they're saying up"}, {"start": "00:16:38", "end": "00:16:42", "text": "uh that that basically that this is"}, {"start": "00:16:40", "end": "00:16:44", "text": "going to job changes for from AI are"}, {"start": "00:16:42", "end": "00:16:47", "text": "going to gas the economy a little bit."}, {"start": "00:16:44", "end": "00:16:49", "text": "AI investment boom already delivering a"}, {"start": "00:16:47", "end": "00:16:50", "text": "demand shock and an investment shock."}, {"start": "00:16:49", "end": "00:16:53", "text": "We've seen that already."}, {"start": "00:16:50", "end": "00:16:55", "text": "Uh that could boost growth in advanced"}, {"start": "00:16:53", "end": "00:16:59", "text": "Asian economies"}, {"start": "00:16:55", "end": "00:17:02", "text": "by half to a full percent. And then the"}, {"start": "00:16:59", "end": "00:17:04", "text": "emerging Asian Asian economies uh by 0.2"}, {"start": "00:17:02", "end": "00:17:07", "text": "to 0.8. So,"}, {"start": "00:17:04", "end": "00:17:09", "text": "where do you think the growth is really"}, {"start": "00:17:07", "end": "00:17:11", "text": "going to come from?"}, {"start": "00:17:09", "end": "00:17:13", "text": "I mean we've been watching Japan. We've"}, {"start": "00:17:11", "end": "00:17:15", "text": "been watching what's going on in Korea,"}, {"start": "00:17:13", "end": "00:17:17", "text": "Hong Kong specifically."}, {"start": "00:17:15", "end": "00:17:20", "text": "Do you think that"}, {"start": "00:17:17", "end": "00:17:22", "text": "tech is going to slowly migrate to Asia"}, {"start": "00:17:20", "end": "00:17:24", "text": "versus what we've seen coming out of"}, {"start": "00:17:22", "end": "00:17:27", "text": "Silicon Valley for so long?"}, {"start": "00:17:24", "end": "00:17:30", "text": ">> Oh, gosh. I mean,"}, {"start": "00:17:27", "end": "00:17:33", "text": "it is it is a huge concern, right? I"}, {"start": "00:17:30", "end": "00:17:35", "text": "mean, you always had Taiwan and the"}, {"start": "00:17:33", "end": "00:17:38", "text": "semiconductors in Taiwan semi, you know,"}, {"start": "00:17:35", "end": "00:17:40", "text": "they they have they have really been"}, {"start": "00:17:38", "end": "00:17:42", "text": "dominant for, you know,"}, {"start": "00:17:40", "end": "00:17:45", "text": "a dec- a decades, you know, so"}, {"start": "00:17:42", "end": "00:17:47", "text": "um it's not like we haven't already seen"}, {"start": "00:17:45", "end": "00:17:50", "text": "that fall in past, you know, technology"}, {"start": "00:17:47", "end": "00:17:53", "text": "um developments, but this is something"}, {"start": "00:17:50", "end": "00:17:55", "text": "different. This is really saying that"}, {"start": "00:17:53", "end": "00:17:58", "text": "you could see uh IT development,"}, {"start": "00:17:55", "end": "00:18:01", "text": "production, manufacturing really, you"}, {"start": "00:17:58", "end": "00:18:02", "text": "know, um continue to expand and beyond"}, {"start": "00:18:01", "end": "00:18:05", "text": "the the"}, {"start": "00:18:02", "end": "00:18:10", "text": "American multinational corporations. And"}, {"start": "00:18:05", "end": "00:18:12", "text": "and that is what is alarming is that"}, {"start": "00:18:10", "end": "00:18:13", "text": "again, it we get in our own way. We're"}, {"start": "00:18:12", "end": "00:18:16", "text": "such a bureaucratic machine now and"}, {"start": "00:18:13", "end": "00:18:18", "text": "we're so massive that they that our"}, {"start": "00:18:16", "end": "00:18:19", "text": "enemies really if I was one of our the"}, {"start": "00:18:18", "end": "00:18:21", "text": "United States' enemy, it's the easiest"}, {"start": "00:18:19", "end": "00:18:23", "text": "thing in the world to do is just divide"}, {"start": "00:18:21", "end": "00:18:26", "text": "the United States. Just put some money"}, {"start": "00:18:23", "end": "00:18:28", "text": "into some MG- NGOs over here that will"}, {"start": "00:18:26", "end": "00:18:30", "text": "blast your message to half the country"}, {"start": "00:18:28", "end": "00:18:32", "text": "that will agree with you anyways and"}, {"start": "00:18:30", "end": "00:18:34", "text": "make it a divisive topic and, you know,"}, {"start": "00:18:32", "end": "00:18:36", "text": "and that's what will happen. And so,"}, {"start": "00:18:34", "end": "00:18:39", "text": "this is why it's I've been such a so"}, {"start": "00:18:36", "end": "00:18:40", "text": "hard on the banks saying, \"Do not do"}, {"start": "00:18:39", "end": "00:18:43", "text": "this to us because you're not going to"}, {"start": "00:18:40", "end": "00:18:45", "text": "preserve your industry. Nothing can save"}, {"start": "00:18:43", "end": "00:18:47", "text": "it. It's over. It's time to innovate.\""}, {"start": "00:18:45", "end": "00:18:50", "text": "And yet, it could cause the United"}, {"start": "00:18:47", "end": "00:18:52", "text": "States our our lead and defy and it"}, {"start": "00:18:50", "end": "00:18:55", "text": "could cause our cost us our lead in the"}, {"start": "00:18:52", "end": "00:18:57", "text": "data center problem. We had 30% of the"}, {"start": "00:18:55", "end": "00:18:59", "text": "country only last year, just last year,"}, {"start": "00:18:57", "end": "00:19:02", "text": "in 2025 opposed to data centers. Just"}, {"start": "00:18:59", "end": "00:19:03", "text": "30%. That and 60 plus"}, {"start": "00:19:02", "end": "00:19:05", "text": ">> skyrocketed now."}, {"start": "00:19:03", "end": "00:19:07", "text": ">> That has flipped completely. You had a"}, {"start": "00:19:05", "end": "00:19:10", "text": "ton of money coming in China's not dumb."}, {"start": "00:19:07", "end": "00:19:11", "text": "They know how to get America to be"}, {"start": "00:19:10", "end": "00:19:13", "text": "against our own interests."}, {"start": "00:19:11", "end": "00:19:15", "text": ">> complaining about it. Just get everybody"}, {"start": "00:19:13", "end": "00:19:16", "text": "complaining about it."}, {"start": "00:19:15", "end": "00:19:18", "text": ">> This that's That's what I'm saying."}, {"start": "00:19:16", "end": "00:19:20", "text": "These I saw this this meeting this local"}, {"start": "00:19:18", "end": "00:19:22", "text": "town hall where they were having their"}, {"start": "00:19:20", "end": "00:19:25", "text": "town meeting. This town was 200,000"}, {"start": "00:19:22", "end": "00:19:27", "text": "people had had dwindled down to less"}, {"start": "00:19:25", "end": "00:19:29", "text": "than 20,000 people. So, you're talking"}, {"start": "00:19:27", "end": "00:19:31", "text": "about not even 10% of population."}, {"start": "00:19:29", "end": "00:19:32", "text": "They're having a town meeting and you"}, {"start": "00:19:31", "end": "00:19:34", "text": "had a gentleman get up and say, \"Not"}, {"start": "00:19:32", "end": "00:19:37", "text": "this. Something else. We'll wait for the"}, {"start": "00:19:34", "end": "00:19:38", "text": "next thing.\" And that's America. That's"}, {"start": "00:19:37", "end": "00:19:42", "text": "the American statement right there."}, {"start": "00:19:38", "end": "00:19:44", "text": "We're so arrogant. We expect to be what"}, {"start": "00:19:42", "end": "00:19:46", "text": "we have, what we built, how hard our"}, {"start": "00:19:44", "end": "00:19:48", "text": "forefathers worked. They built things."}, {"start": "00:19:46", "end": "00:19:51", "text": "They migrated west with nothing. They"}, {"start": "00:19:48", "end": "00:19:53", "text": "built tunnels under rivers and I mean,"}, {"start": "00:19:51", "end": "00:19:54", "text": "they the stuff that they accomplished"}, {"start": "00:19:53", "end": "00:19:57", "text": "when we had nothing. And that was"}, {"start": "00:19:54", "end": "00:20:00", "text": "because they had to do it. And now, we"}, {"start": "00:19:57", "end": "00:20:01", "text": "China can come and fund our some NGOs"}, {"start": "00:20:00", "end": "00:20:04", "text": "over here to be anti-data centers in"}, {"start": "00:20:01", "end": "00:20:07", "text": "America in just 1 year can be completely"}, {"start": "00:20:04", "end": "00:20:08", "text": "majority anti-data center. And the guy"}, {"start": "00:20:07", "end": "00:20:10", "text": "can stand up at a town hall and think"}, {"start": "00:20:08", "end": "00:20:11", "text": "that there's something else. That"}, {"start": "00:20:10", "end": "00:20:13", "text": "someone's going to want to come along"}, {"start": "00:20:11", "end": "00:20:16", "text": "and bring it to their town."}, {"start": "00:20:13", "end": "00:20:18", "text": ">> And give jobs. This is it. We either And"}, {"start": "00:20:16", "end": "00:20:21", "text": "that's what I my advice is. Take the"}, {"start": "00:20:18", "end": "00:20:23", "text": "data center, but negotiate at the table"}, {"start": "00:20:21", "end": "00:20:25", "text": "with multinational corporations and say,"}, {"start": "00:20:23", "end": "00:20:26", "text": "\"I need a 5-year plan on water"}, {"start": "00:20:25", "end": "00:20:27", "text": "reclamation and completely"}, {"start": "00:20:26", "end": "00:20:29", "text": "self-sustaining. I need you to build up"}, {"start": "00:20:27", "end": "00:20:31", "text": "your own little mini power grid and be"}, {"start": "00:20:29", "end": "00:20:33", "text": "able to fund our town when the grid goes"}, {"start": "00:20:31", "end": "00:20:34", "text": "out.\" Like these are the things that you"}, {"start": "00:20:33", "end": "00:20:35", "text": "can negotiate. This"}, {"start": "00:20:34", "end": "00:20:36", "text": ">> easy stuff. This is easy stuff, guys."}, {"start": "00:20:35", "end": "00:20:38", "text": "Alone."}, {"start": "00:20:36", "end": "00:20:40", "text": "What the hell is going on? Alone."}, {"start": "00:20:38", "end": "00:20:41", "text": ">> Say yes."}, {"start": "00:20:40", "end": "00:20:44", "text": "And then add your conditions, but don't"}, {"start": "00:20:41", "end": "00:20:47", "text": "say no. There is nothing else coming. We"}, {"start": "00:20:44", "end": "00:20:48", "text": "lose this, we lose who we are. And I"}, {"start": "00:20:47", "end": "00:20:50", "text": "don't think Americans know how to be not"}, {"start": "00:20:48", "end": "00:20:53", "text": "American. Like I went to school with a"}, {"start": "00:20:50", "end": "00:20:55", "text": "lot of Europeans and it's different when"}, {"start": "00:20:53", "end": "00:20:56", "text": "you don't come from the country that's"}, {"start": "00:20:55", "end": "00:20:57", "text": "the number one economic power or the"}, {"start": "00:20:56", "end": "00:20:59", "text": "number one military power in the world."}, {"start": "00:20:57", "end": "00:21:01", "text": "It is different and we aren't used to"}, {"start": "00:20:59", "end": "00:21:02", "text": "that. We don't know how to be that. So,"}, {"start": "00:21:01", "end": "00:21:04", "text": "I think America needs to wake up."}, {"start": "00:21:02", "end": "00:21:05", "text": ">> Well, I like that. I I like your fire"}, {"start": "00:21:04", "end": "00:21:05", "text": "today."}, {"start": "00:21:05", "end": "00:21:07", "text": ">> [laughter]"}, {"start": "00:21:05", "end": "00:21:09", "text": ">> Rebecca, you always bring it, too."}, {"start": "00:21:07", "end": "00:21:11", "text": "Explain this to me. I'm going to share"}, {"start": "00:21:09", "end": "00:21:14", "text": "the gold chart with you cuz I know you"}, {"start": "00:21:11", "end": "00:21:16", "text": "are into and really analyze what's going"}, {"start": "00:21:14", "end": "00:21:19", "text": "on in the gold market. You get the CPI"}, {"start": "00:21:16", "end": "00:21:22", "text": "data yesterday, it comes in soft. Uh"}, {"start": "00:21:19", "end": "00:21:23", "text": "then, of course, we come in and gold"}, {"start": "00:21:22", "end": "00:21:25", "text": "pulls back."}, {"start": "00:21:23", "end": "00:21:27", "text": "Then, immediately the next day, it's as"}, {"start": "00:21:25", "end": "00:21:29", "text": "if it didn't happen."}, {"start": "00:21:27", "end": "00:21:32", "text": "And gold just spikes again. So, we're up"}, {"start": "00:21:29", "end": "00:21:34", "text": "around what, 4157 right now?"}, {"start": "00:21:32", "end": "00:21:36", "text": "Uh it did down to the low 4100. Where"}, {"start": "00:21:34", "end": "00:21:40", "text": "does this What How do metals respond to"}, {"start": "00:21:36", "end": "00:21:42", "text": "this with what we're seeing right now in"}, {"start": "00:21:40", "end": "00:21:45", "text": "the inflation data, what we're seeing"}, {"start": "00:21:42", "end": "00:21:47", "text": "with essentially is dollar debasement,"}, {"start": "00:21:45", "end": "00:21:48", "text": "you would think that gold would be up?"}, {"start": "00:21:47", "end": "00:21:50", "text": ">> Yeah."}, {"start": "00:21:48", "end": "00:21:51", "text": "It should be. It should be up massively."}, {"start": "00:21:50", "end": "00:21:53", "text": "And I And as you know, I think it's"}, {"start": "00:21:51", "end": "00:21:54", "text": "extremely undervalued and and not"}, {"start": "00:21:53", "end": "00:21:56", "text": "reflective really anymore of what it"}, {"start": "00:21:54", "end": "00:21:58", "text": "really is valued at with the inflated"}, {"start": "00:21:56", "end": "00:21:59", "text": "dollars that we've print just printed in"}, {"start": "00:21:58", "end": "00:22:01", "text": "the world, especially since 2020"}, {"start": "00:21:59", "end": "00:22:04", "text": "coronavirus. But, I will say, so"}, {"start": "00:22:01", "end": "00:22:07", "text": "yesterday, you know, Paul, when you had"}, {"start": "00:22:04", "end": "00:22:10", "text": "inflation come in higher, there was"}, {"start": "00:22:07", "end": "00:22:13", "text": "a sense that the there was a possibility"}, {"start": "00:22:10", "end": "00:22:15", "text": "that we could see an October increase."}, {"start": "00:22:13", "end": "00:22:17", "text": "Like, you know, when you have inflation"}, {"start": "00:22:15", "end": "00:22:19", "text": "saying, \"Oh, it's sticky. Oh gosh, it's"}, {"start": "00:22:17", "end": "00:22:22", "text": "higher than we expected.\" That"}, {"start": "00:22:19", "end": "00:22:24", "text": "immediately sends your short-term"}, {"start": "00:22:22", "end": "00:22:26", "text": "you know, statistical probability of a"}, {"start": "00:22:24", "end": "00:22:29", "text": "rate increase faster. And that is going"}, {"start": "00:22:26", "end": "00:22:32", "text": "to make metals pull back because anytime"}, {"start": "00:22:29", "end": "00:22:34", "text": "there's you know, higher passive yield"}, {"start": "00:22:32", "end": "00:22:36", "text": "out there, then a lot of investors will"}, {"start": "00:22:34", "end": "00:22:38", "text": "roll out as soon as they can get passive"}, {"start": "00:22:36", "end": "00:22:40", "text": "yield higher than what they can get in"}, {"start": "00:22:38", "end": "00:22:43", "text": "gold. So, you see transition out, you"}, {"start": "00:22:40", "end": "00:22:46", "text": "see rotation out. But then, when you see"}, {"start": "00:22:43", "end": "00:22:48", "text": "that, \"Okay, there's some resolution"}, {"start": "00:22:46", "end": "00:22:51", "text": "potentially with the diesel problem,"}, {"start": "00:22:48", "end": "00:22:53", "text": "with this deal potentially with Russia.\""}, {"start": "00:22:51", "end": "00:22:55", "text": "Then metals say, \"Oh, well, that will be"}, {"start": "00:22:53", "end": "00:22:57", "text": "disinflationary. That means the"}, {"start": "00:22:55", "end": "00:22:59", "text": "possibility of rate increases possibly"}, {"start": "00:22:57", "end": "00:23:01", "text": "for December may go down.\" And people"}, {"start": "00:22:59", "end": "00:23:04", "text": "will rotate back into gold. It's that"}, {"start": "00:23:01", "end": "00:23:06", "text": "fast. The machinations of how price"}, {"start": "00:23:04", "end": "00:23:07", "text": "action users are looking and buying and"}, {"start": "00:23:06", "end": "00:23:10", "text": "selling into gold. It's that fast, Paul."}, {"start": "00:23:07", "end": "00:23:12", "text": "So, you could get, you know, positive"}, {"start": "00:23:10", "end": "00:23:15", "text": "reasons that it could go up with a"}, {"start": "00:23:12", "end": "00:23:17", "text": "energy resolution or potentially less"}, {"start": "00:23:15", "end": "00:23:19", "text": "energy price pressure, and then you get,"}, {"start": "00:23:17", "end": "00:23:21", "text": "you know, inflation read and it and"}, {"start": "00:23:19", "end": "00:23:24", "text": "again goes right back up. So, this is a"}, {"start": "00:23:21", "end": "00:23:27", "text": "very fluid thing and it's not anywhere"}, {"start": "00:23:24", "end": "00:23:30", "text": "reflective of the true risk of the world"}, {"start": "00:23:27", "end": "00:23:33", "text": "moving off of and I actually think"}, {"start": "00:23:30", "end": "00:23:34", "text": ">> is much more financially stable than"}, {"start": "00:23:33", "end": "00:23:36", "text": "what our current system is because our"}, {"start": "00:23:34", "end": "00:23:38", "text": "current system fractional reserve where"}, {"start": "00:23:36", "end": "00:23:40", "text": "we don't actually have the reserves and"}, {"start": "00:23:38", "end": "00:23:43", "text": "there's no real backup to the assets in"}, {"start": "00:23:40", "end": "00:23:44", "text": "our system. It's it's just not a very"}, {"start": "00:23:43", "end": "00:23:45", "text": "solid system right now. It's very"}, {"start": "00:23:44", "end": "00:23:47", "text": "fragile."}, {"start": "00:23:45", "end": "00:23:48", "text": ">> Yeah, you look at the I'll show you the"}, {"start": "00:23:47", "end": "00:23:50", "text": "stablecoin market right there and I'll"}, {"start": "00:23:48", "end": "00:23:51", "text": "kind of zoom in on this a little bit for"}, {"start": "00:23:50", "end": "00:23:53", "text": "you guys."}, {"start": "00:23:51", "end": "00:23:55", "text": "Uh this has just been going up and up."}, {"start": "00:23:53", "end": "00:23:57", "text": "Uh so, it correlates to what you're"}, {"start": "00:23:55", "end": "00:24:00", "text": "saying is that"}, {"start": "00:23:57", "end": "00:24:02", "text": "even next generation investors are"}, {"start": "00:24:00", "end": "00:24:05", "text": "chasing some yield here. Cuz this of"}, {"start": "00:24:02", "end": "00:24:06", "text": "course will affect everything from USDC,"}, {"start": "00:24:05", "end": "00:24:09", "text": "uh USDG over on Robinhood which is"}, {"start": "00:24:06", "end": "00:24:11", "text": "paying just insane yields, but even what"}, {"start": "00:24:09", "end": "00:24:14", "text": "we're seeing right now with a 300"}, {"start": "00:24:11", "end": "00:24:16", "text": "billion market cap for uh just"}, {"start": "00:24:14", "end": "00:24:18", "text": "stablecoins in general,"}, {"start": "00:24:16", "end": "00:24:21", "text": "if this thing goes to it cuz I mean you"}, {"start": "00:24:18", "end": "00:24:22", "text": "look at where RWA growth is going, what"}, {"start": "00:24:21", "end": "00:24:26", "text": "that's going to look like, you know,"}, {"start": "00:24:22", "end": "00:24:28", "text": "both with institutional assets, but more"}, {"start": "00:24:26", "end": "00:24:32", "text": "importantly, I think the question is is"}, {"start": "00:24:28", "end": "00:24:35", "text": "when do you think or do you think we"}, {"start": "00:24:32", "end": "00:24:38", "text": "will see an institutional shift to"}, {"start": "00:24:35", "end": "00:24:39", "text": "mostly stablecoin"}, {"start": "00:24:38", "end": "00:24:41", "text": "transactions. Do you think we're going"}, {"start": "00:24:39", "end": "00:24:43", "text": "to see that anytime soon?"}, {"start": "00:24:41", "end": "00:24:46", "text": ">> Yes, and I think it's going to be"}, {"start": "00:24:43", "end": "00:24:49", "text": "brought about mostly because people are"}, {"start": "00:24:46", "end": "00:24:49", "text": "going to start tokenizing their stocks."}, {"start": "00:24:49", "end": "00:24:51", "text": ">> Yeah."}, {"start": "00:24:49", "end": "00:24:52", "text": ">> And that tokenization process of stocks"}, {"start": "00:24:51", "end": "00:24:56", "text": "is going to make them feel more"}, {"start": "00:24:52", "end": "00:24:58", "text": "comfortable with tokenized assets and I"}, {"start": "00:24:56", "end": "00:25:00", "text": "think that will actually increase I see"}, {"start": "00:24:58", "end": "00:25:02", "text": "So, what I'm trying to say, Paul, is"}, {"start": "00:25:00", "end": "00:25:04", "text": "that maybe banking wasn't going to be"}, {"start": "00:25:02", "end": "00:25:06", "text": "the lead into DeFi as the mainstream."}, {"start": "00:25:04", "end": "00:25:08", "text": "Maybe it is tokenized stocks. Maybe it's"}, {"start": "00:25:06", "end": "00:25:09", "text": "investing. Maybe it's investors saying,"}, {"start": "00:25:08", "end": "00:25:13", "text": "\"Well, my stocks are tokenized, and I"}, {"start": "00:25:09", "end": "00:25:15", "text": "can trade them 24/7. And so, why not"}, {"start": "00:25:13", "end": "00:25:17", "text": "move my money to a similar, you know,"}, {"start": "00:25:15", "end": "00:25:20", "text": "situation with with stablecoin and"}, {"start": "00:25:17", "end": "00:25:22", "text": "decentralized finance that way.\" And and"}, {"start": "00:25:20", "end": "00:25:24", "text": "I do So, I do think that as in because"}, {"start": "00:25:22", "end": "00:25:26", "text": "of we have this 5-year innovation"}, {"start": "00:25:24", "end": "00:25:27", "text": "exception now from the SEC, and that"}, {"start": "00:25:26", "end": "00:25:28", "text": "means you're going to see"}, {"start": "00:25:27", "end": "00:25:30", "text": ">> Right."}, {"start": "00:25:28", "end": "00:25:31", "text": ">> a lot of activity even by the end of the"}, {"start": "00:25:30", "end": "00:25:33", "text": "year. I bet you will have a substantial"}, {"start": "00:25:31", "end": "00:25:35", "text": "amount of activity that has already"}, {"start": "00:25:33", "end": "00:25:37", "text": "happened around tokenizing stocks. And"}, {"start": "00:25:35", "end": "00:25:40", "text": "then the second that you tokenize"}, {"start": "00:25:37", "end": "00:25:42", "text": "stocks, that it's almost like how you"}, {"start": "00:25:40", "end": "00:25:44", "text": "know, putting Bitcoin into an ETF"}, {"start": "00:25:42", "end": "00:25:45", "text": "democratized it to the mainstream. I"}, {"start": "00:25:44", "end": "00:25:46", "text": "think that's what it's going to take."}, {"start": "00:25:45", "end": "00:25:48", "text": "It's going to take, yeah, the"}, {"start": "00:25:46", "end": "00:25:50", "text": "mainstreamers understanding that now"}, {"start": "00:25:48", "end": "00:25:52", "text": "we're going to be able to have these"}, {"start": "00:25:50", "end": "00:25:53", "text": "digitized repre- representations of"}, {"start": "00:25:52", "end": "00:25:56", "text": "assets."}, {"start": "00:25:53", "end": "00:25:58", "text": ">> Okay. So, with that being the case, cuz"}, {"start": "00:25:56", "end": "00:26:00", "text": "this is all going to a point of where"}, {"start": "00:25:58", "end": "00:26:02", "text": "assets are being held, whether you're"}, {"start": "00:26:00", "end": "00:26:05", "text": "holding it in metals, you're holding it"}, {"start": "00:26:02", "end": "00:26:08", "text": "in crypto or DeFi, you look at just the"}, {"start": "00:26:05", "end": "00:26:11", "text": "12 month percentage change, we've saw,"}, {"start": "00:26:08", "end": "00:26:14", "text": "you know, some pretty specific growth"}, {"start": "00:26:11", "end": "00:26:16", "text": "in the consumer price index. This"}, {"start": "00:26:14", "end": "00:26:18", "text": "obviously being one of the bumps that"}, {"start": "00:26:16", "end": "00:26:20", "text": "are are is in the road again. It was"}, {"start": "00:26:18", "end": "00:26:22", "text": "flatlining there for a while. Let me see"}, {"start": "00:26:20", "end": "00:26:23", "text": "if I can bring up this chart, cuz I want"}, {"start": "00:26:22", "end": "00:26:26", "text": "people to see this."}, {"start": "00:26:23", "end": "00:26:28", "text": "This was flatlining slightly. And then"}, {"start": "00:26:26", "end": "00:26:30", "text": "all of a sudden we start to see this"}, {"start": "00:26:28", "end": "00:26:32", "text": "movement coming back in. I think it's"}, {"start": "00:26:30", "end": "00:26:35", "text": "important for people to see this. And"}, {"start": "00:26:32", "end": "00:26:37", "text": "this is this Here we go. All right. This"}, {"start": "00:26:35", "end": "00:26:38", "text": "is the chart I'm talking about. All"}, {"start": "00:26:37", "end": "00:26:39", "text": "right. So, Rebecca, this is what I'm"}, {"start": "00:26:38", "end": "00:26:41", "text": "looking at right here is you look at the"}, {"start": "00:26:39", "end": "00:26:43", "text": "performance here. It goes all the way"}, {"start": "00:26:41", "end": "00:26:46", "text": "back to 2020. Obviously, we saw the"}, {"start": "00:26:43", "end": "00:26:48", "text": "spike, somewhat flatline, and then we"}, {"start": "00:26:46", "end": "00:26:50", "text": "start seeing this climb."}, {"start": "00:26:48", "end": "00:26:52", "text": "Uh and this push that we've had a a"}, {"start": "00:26:50", "end": "00:26:55", "text": "with, of course, the Fed adjust that."}, {"start": "00:26:52", "end": "00:26:58", "text": "And are we in a position now where we"}, {"start": "00:26:55", "end": "00:27:00", "text": "are in another climb?"}, {"start": "00:26:58", "end": "00:27:03", "text": "Or do you think this is just a Do you"}, {"start": "00:27:00", "end": "00:27:05", "text": "think this is temporary? Is my question."}, {"start": "00:27:03", "end": "00:27:06", "text": ">> Um let me Can you go to the bottom? Is"}, {"start": "00:27:05", "end": "00:27:08", "text": "that Is that Does that start at the"}, {"start": "00:27:06", "end": "00:27:10", "text": "beginning of March? No, no, of this"}, {"start": "00:27:08", "end": "00:27:12", "text": "year. Called the February."}, {"start": "00:27:10", "end": "00:27:15", "text": "So, February. So, exactly. So, as soon"}, {"start": "00:27:12", "end": "00:27:18", "text": "as the Iranian situation, which started"}, {"start": "00:27:15", "end": "00:27:20", "text": "February 28, began, we started to see"}, {"start": "00:27:18", "end": "00:27:22", "text": "this this run-up. And then it did come"}, {"start": "00:27:20", "end": "00:27:25", "text": "back down, and I think that that coming"}, {"start": "00:27:22", "end": "00:27:27", "text": "down was kind of the MOU beginning, and"}, {"start": "00:27:25", "end": "00:27:29", "text": "then the concern Exactly. So, it started"}, {"start": "00:27:27", "end": "00:27:31", "text": "to come back down, and now we're"}, {"start": "00:27:29", "end": "00:27:33", "text": "starting to see a reverberation back to"}, {"start": "00:27:31", "end": "00:27:35", "text": "the upside. So, obviously, if we want to"}, {"start": "00:27:33", "end": "00:27:37", "text": "get back to baseline, we have to go back"}, {"start": "00:27:35", "end": "00:27:39", "text": "to pre-prior to 2020. So, that's not"}, {"start": "00:27:37", "end": "00:27:41", "text": "happening. We printed a ton of money."}, {"start": "00:27:39", "end": "00:27:44", "text": "What we haven't done this year, Paul, is"}, {"start": "00:27:41", "end": "00:27:46", "text": "print a ton of money to get through this"}, {"start": "00:27:44", "end": "00:27:48", "text": "Iranian situation. So, that is a"}, {"start": "00:27:46", "end": "00:27:50", "text": "positive, which basically what I'm"}, {"start": "00:27:48", "end": "00:27:52", "text": "trying to say is that we haven't"}, {"start": "00:27:50", "end": "00:27:55", "text": "irretrievably impacted our balance"}, {"start": "00:27:52", "end": "00:27:57", "text": "sheets yet, so that if we can get"}, {"start": "00:27:55", "end": "00:28:00", "text": "clarity and resolution, we could"}, {"start": "00:27:57", "end": "00:28:00", "text": "potentially come back down to baseline."}, {"start": "00:28:00", "end": "00:28:04", "text": ">> Okay."}, {"start": "00:28:00", "end": "00:28:06", "text": ">> But if we don't get solid resolution to"}, {"start": "00:28:04", "end": "00:28:09", "text": "Iran that is going to be reliable for"}, {"start": "00:28:06", "end": "00:28:10", "text": "companies to count on, to understand"}, {"start": "00:28:09", "end": "00:28:12", "text": "what how their shipping policy, you"}, {"start": "00:28:10", "end": "00:28:14", "text": "know, is going to their insurance costs,"}, {"start": "00:28:12", "end": "00:28:17", "text": "their their All of that. If we're not"}, {"start": "00:28:14", "end": "00:28:18", "text": "going to get that resolution, then"}, {"start": "00:28:17", "end": "00:28:21", "text": "you're looking at more shifting to it"}, {"start": "00:28:18", "end": "00:28:24", "text": "Not yet, but after we're shifting"}, {"start": "00:28:21", "end": "00:28:26", "text": "towards more immediate type of threat"}, {"start": "00:28:24", "end": "00:28:28", "text": "that is going to be baked in more, and"}, {"start": "00:28:26", "end": "00:28:30", "text": "that baking in more is the issue. That's"}, {"start": "00:28:28", "end": "00:28:34", "text": "the problem. You You just got You"}, {"start": "00:28:30", "end": "00:28:37", "text": "already have so much inflation of need"}, {"start": "00:28:34", "end": "00:28:39", "text": "of money. Capital need with with what is"}, {"start": "00:28:37", "end": "00:28:43", "text": "happening privately in the private"}, {"start": "00:28:39", "end": "00:28:45", "text": "markets of AI and DeFi, you have capital"}, {"start": "00:28:43", "end": "00:28:48", "text": "need. That's already inflationary. When"}, {"start": "00:28:45", "end": "00:28:50", "text": "you combine that with energy inflation,"}, {"start": "00:28:48", "end": "00:28:54", "text": "you get a problem and that problem"}, {"start": "00:28:50", "end": "00:28:55", "text": "cannot go on beyond what companies can"}, {"start": "00:28:54", "end": "00:28:58", "text": "kind of withstand because of their war"}, {"start": "00:28:55", "end": "00:29:00", "text": "chest and after that, it's going to be"}, {"start": "00:28:58", "end": "00:29:02", "text": "absolutely impactful and that's the"}, {"start": "00:29:00", "end": "00:29:05", "text": "problem. We really can't afford this"}, {"start": "00:29:02", "end": "00:29:07", "text": "inflationary geopolitical pressure while"}, {"start": "00:29:05", "end": "00:29:08", "text": "we're already under such massive"}, {"start": "00:29:07", "end": "00:29:09", "text": "inflationary pressure because of the the"}, {"start": "00:29:08", "end": "00:29:11", "text": "capital need."}, {"start": "00:29:09", "end": "00:29:13", "text": ">> Yeah, well and I think the the point"}, {"start": "00:29:11", "end": "00:29:15", "text": "that you're getting at starts to affect"}, {"start": "00:29:13", "end": "00:29:17", "text": "the rotation question."}, {"start": "00:29:15", "end": "00:29:19", "text": "Is do we see a rotation? We're showing"}, {"start": "00:29:17", "end": "00:29:21", "text": "the Bitcoin chart right now"}, {"start": "00:29:19", "end": "00:29:24", "text": "holding and responding back up almost"}, {"start": "00:29:21", "end": "00:29:25", "text": "edging to 82K right now as we start to"}, {"start": "00:29:24", "end": "00:29:28", "text": "record this one."}, {"start": "00:29:25", "end": "00:29:30", "text": "Uh ETH also trying to come back but"}, {"start": "00:29:28", "end": "00:29:32", "text": "still at around 2400. And and these are"}, {"start": "00:29:30", "end": "00:29:33", "text": "some of the strongest assets out there"}, {"start": "00:29:32", "end": "00:29:35", "text": "when it comes to digital. Most of our"}, {"start": "00:29:33", "end": "00:29:37", "text": "audience is is either a Bitcoin or"}, {"start": "00:29:35", "end": "00:29:38", "text": "Ethereum or a Solana holder."}, {"start": "00:29:37", "end": "00:29:40", "text": "Um"}, {"start": "00:29:38", "end": "00:29:42", "text": "you look at the rotation opportunity"}, {"start": "00:29:40", "end": "00:29:44", "text": "here"}, {"start": "00:29:42", "end": "00:29:47", "text": "with everything that's happening"}, {"start": "00:29:44", "end": "00:29:49", "text": "with this kind of quasi performance"}, {"start": "00:29:47", "end": "00:29:51", "text": "boom that we're seeing in terms of"}, {"start": "00:29:49", "end": "00:29:53", "text": "earnings"}, {"start": "00:29:51", "end": "00:29:55", "text": "is there any point in which an investor"}, {"start": "00:29:53", "end": "00:29:59", "text": "is simply going to say, \"Okay, I think"}, {"start": "00:29:55", "end": "00:30:00", "text": "the rotation time is now.\""}, {"start": "00:29:59", "end": "00:30:01", "text": ">> Out of out of uh"}, {"start": "00:30:00", "end": "00:30:02", "text": ">> Out of traditional."}, {"start": "00:30:01", "end": "00:30:03", "text": ">> Ethereum and"}, {"start": "00:30:02", "end": "00:30:06", "text": ">> Into risk."}, {"start": "00:30:03", "end": "00:30:08", "text": ">> Into Into stocks. I mean, yeah, I I"}, {"start": "00:30:06", "end": "00:30:10", "text": "think that it it is but I also think"}, {"start": "00:30:08", "end": "00:30:12", "text": "that that is also it's going to really"}, {"start": "00:30:10", "end": "00:30:15", "text": "sound odd to you Paul but I also think"}, {"start": "00:30:12", "end": "00:30:17", "text": "that that's that same BTC Ethereum"}, {"start": "00:30:15", "end": "00:30:19", "text": "Solana investor could be not rotating"}, {"start": "00:30:17", "end": "00:30:21", "text": "out to stocks"}, {"start": "00:30:19", "end": "00:30:22", "text": "but they could also be just rotating"}, {"start": "00:30:21", "end": "00:30:26", "text": "into 10-year Treasuries. I mean, you got"}, {"start": "00:30:22", "end": "00:30:29", "text": "the 10-year a five above 5.2% you know,"}, {"start": "00:30:26", "end": "00:30:32", "text": "this is crazy like 5.2% 10-year"}, {"start": "00:30:29", "end": "00:30:36", "text": "Treasury. Uh I have to understand that"}, {"start": "00:30:32", "end": "00:30:39", "text": "my real yield is so low on that because"}, {"start": "00:30:36", "end": "00:30:41", "text": "of inflation that it's not worth doing"}, {"start": "00:30:39", "end": "00:30:44", "text": "so that I then take the risk of going"}, {"start": "00:30:41", "end": "00:30:45", "text": "back into a stock or I stay in BTC"}, {"start": "00:30:44", "end": "00:30:47", "text": "because I do think that that is"}, {"start": "00:30:45", "end": "00:30:50", "text": "eventually going to be, you know, the"}, {"start": "00:30:47", "end": "00:30:52", "text": "the ethos that we're we exist in and it"}, {"start": "00:30:50", "end": "00:30:54", "text": "will be a much more relevant player when"}, {"start": "00:30:52", "end": "00:30:57", "text": "that all comes to fruition. So, yeah,"}, {"start": "00:30:54", "end": "00:30:58", "text": "Paul, you've got a lot of choices right"}, {"start": "00:30:57", "end": "00:31:00", "text": "now. It doesn't seem to be the choice"}, {"start": "00:30:58", "end": "00:31:01", "text": "that they're they're not buying gold at"}, {"start": "00:31:00", "end": "00:31:02", "text": "the dip, which I think that I wish that"}, {"start": "00:31:01", "end": "00:31:05", "text": "they would."}, {"start": "00:31:02", "end": "00:31:07", "text": ">> Okay, so your your clients at Wells"}, {"start": "00:31:05", "end": "00:31:09", "text": "Fargo Wealth, that's the the conundrum"}, {"start": "00:31:07", "end": "00:31:11", "text": "they're in right now is when they're"}, {"start": "00:31:09", "end": "00:31:14", "text": "looking at asset and some of these"}, {"start": "00:31:11", "end": "00:31:16", "text": "classes, you have such a narrow sliver"}, {"start": "00:31:14", "end": "00:31:17", "text": "that's performing in the S&P and then"}, {"start": "00:31:16", "end": "00:31:20", "text": "you have these 10 years that are"}, {"start": "00:31:17", "end": "00:31:22", "text": "absolutely locked and loaded at rates"}, {"start": "00:31:20", "end": "00:31:23", "text": "we've never seen. That's kind of the"}, {"start": "00:31:22", "end": "00:31:24", "text": "question that everybody is trying to"}, {"start": "00:31:23", "end": "00:31:25", "text": "answer right now. Is that what you're"}, {"start": "00:31:24", "end": "00:31:27", "text": "saying?"}, {"start": "00:31:25", "end": "00:31:28", "text": ">> Yeah, and I think that they they they"}, {"start": "00:31:27", "end": "00:31:31", "text": "it's not a binary choice. It's not a"}, {"start": "00:31:28", "end": "00:31:33", "text": "zero-sum game. Like what I mean by that"}, {"start": "00:31:31", "end": "00:31:35", "text": "is you should always participate in risk"}, {"start": "00:31:33", "end": "00:31:37", "text": "to the extent that you can take the"}, {"start": "00:31:35", "end": "00:31:40", "text": "risk. And you can take more risk with"}, {"start": "00:31:37", "end": "00:31:42", "text": "your own portfolio if you will allow"}, {"start": "00:31:40", "end": "00:31:44", "text": "yourself to have a buffer, if you will"}, {"start": "00:31:42", "end": "00:31:47", "text": "build a foundation on gold. I also would"}, {"start": "00:31:44", "end": "00:31:50", "text": "put in the foundation BTC. I would put"}, {"start": "00:31:47", "end": "00:31:53", "text": "in some traditional, not necessarily"}, {"start": "00:31:50", "end": "00:31:55", "text": "transactional coins, but long-term hold"}, {"start": "00:31:53", "end": "00:31:57", "text": "on the DeFi block. Those would be my"}, {"start": "00:31:55", "end": "00:31:59", "text": "foundation. I would have that as a"}, {"start": "00:31:57", "end": "00:32:01", "text": "foundation and then with that foundation"}, {"start": "00:31:59", "end": "00:32:03", "text": "built, then I'm comfortable taking risk"}, {"start": "00:32:01", "end": "00:32:05", "text": "with money that I have to continue to"}, {"start": "00:32:03", "end": "00:32:07", "text": "keep ahead of inflation. You're not"}, {"start": "00:32:05", "end": "00:32:09", "text": "going to stay ahead of inflation,"}, {"start": "00:32:07", "end": "00:32:11", "text": "unfortunately, in 10-year Treasuries."}, {"start": "00:32:09", "end": "00:32:13", "text": "I'm just going to be honest because the"}, {"start": "00:32:11", "end": "00:32:15", "text": "inflationary number that is creeping in,"}, {"start": "00:32:13", "end": "00:32:18", "text": "um, plus your real, you know, your real"}, {"start": "00:32:15", "end": "00:32:19", "text": "risk is is is a problem in a Treasury, a"}, {"start": "00:32:18", "end": "00:32:22", "text": "10-year Treasury. There's a reason"}, {"start": "00:32:19", "end": "00:32:24", "text": "they're paying over 5.2%."}, {"start": "00:32:22", "end": "00:32:26", "text": "So, you but but they're necessary. So,"}, {"start": "00:32:24", "end": "00:32:27", "text": "you have to have a foundation of that's"}, {"start": "00:32:26", "end": "00:32:30", "text": "not"}, {"start": "00:32:27", "end": "00:32:32", "text": "I would put BTC in there. I I would. I"}, {"start": "00:32:30", "end": "00:32:35", "text": "would put some of the original digital"}, {"start": "00:32:32", "end": "00:32:35", "text": "assets"}, {"start": "00:32:35", "end": "00:32:39", "text": "on the on the blockchain. That would be"}, {"start": "00:32:37", "end": "00:32:40", "text": "my foundation and then the rest I'm"}, {"start": "00:32:39", "end": "00:32:41", "text": "comfortable I have to make sure that I"}, {"start": "00:32:40", "end": "00:32:43", "text": "have an income. I have to have an income"}, {"start": "00:32:41", "end": "00:32:45", "text": "plan and as long as I know where my"}, {"start": "00:32:43", "end": "00:32:46", "text": "income sources are coming from, that is"}, {"start": "00:32:45", "end": "00:32:49", "text": "going to be a part the most important"}, {"start": "00:32:46", "end": "00:32:51", "text": "piece. And then I've got, okay, now I"}, {"start": "00:32:49", "end": "00:32:54", "text": "have this and this amount has to chase"}, {"start": "00:32:51", "end": "00:32:56", "text": "yield and return and has to chase it has"}, {"start": "00:32:54", "end": "00:32:58", "text": "to stay above inflation. And if you do"}, {"start": "00:32:56", "end": "00:32:59", "text": "it that way, you can stay the course"}, {"start": "00:32:58", "end": "00:33:01", "text": "because you have your basis covered."}, {"start": "00:32:59", "end": "00:33:03", "text": ">> And there there's for me it's always an"}, {"start": "00:33:01", "end": "00:33:05", "text": "issue of how do you weigh the"}, {"start": "00:33:03", "end": "00:33:07", "text": "opportunity cost? Cuz if you do lock up"}, {"start": "00:33:05", "end": "00:33:09", "text": "like that into some of these assets,"}, {"start": "00:33:07", "end": "00:33:11", "text": "yes, it's a you know, it's a fixed"}, {"start": "00:33:09", "end": "00:33:13", "text": "yield, but in many cases the opportunity"}, {"start": "00:33:11", "end": "00:33:15", "text": "cost disappears. Many people will say,"}, {"start": "00:33:13", "end": "00:33:17", "text": "well, that's okay and you know, I'm fine"}, {"start": "00:33:15", "end": "00:33:19", "text": "with that as long as we don't see a"}, {"start": "00:33:17", "end": "00:33:21", "text": "recessionary situation hit the market,"}, {"start": "00:33:19", "end": "00:33:23", "text": "which is where I'm locked into something"}, {"start": "00:33:21", "end": "00:33:25", "text": "that's you know, performing versus what"}, {"start": "00:33:23", "end": "00:33:27", "text": "the market is doing with maybe a major"}, {"start": "00:33:25", "end": "00:33:30", "text": "pullback. So and you've got I think it"}, {"start": "00:33:27", "end": "00:33:32", "text": "was Paul Tudor Jones, he's very bearish."}, {"start": "00:33:30", "end": "00:33:34", "text": "Then you have Tom Lee over here that's"}, {"start": "00:33:32", "end": "00:33:36", "text": "very bullish. It's like there's two"}, {"start": "00:33:34", "end": "00:33:38", "text": "complete separate sides of Wall Street"}, {"start": "00:33:36", "end": "00:33:40", "text": "right now. Where do you fall?"}, {"start": "00:33:38", "end": "00:33:42", "text": ">> Paul Tudor Jones is much more on the"}, {"start": "00:33:40", "end": "00:33:45", "text": "global macro side myself that is very"}, {"start": "00:33:42", "end": "00:33:48", "text": "concerned about really how we just are"}, {"start": "00:33:45", "end": "00:33:51", "text": "totally bankrupt as a world, meaning all"}, {"start": "00:33:48", "end": "00:33:53", "text": "central banks don't have the assets that"}, {"start": "00:33:51", "end": "00:33:55", "text": "they need to really back up the the"}, {"start": "00:33:53", "end": "00:33:58", "text": "currency that they they produce. So I"}, {"start": "00:33:55", "end": "00:34:00", "text": "would say that I'm both because on the"}, {"start": "00:33:58", "end": "00:34:01", "text": "Paul Tudor Jones side, I don't disagree"}, {"start": "00:34:00", "end": "00:34:03", "text": "and I think he's on to something and"}, {"start": "00:34:01", "end": "00:34:05", "text": "I've told you for a while there is a"}, {"start": "00:34:03", "end": "00:34:07", "text": "global currency uh reckoning that is"}, {"start": "00:34:05", "end": "00:34:09", "text": "coming and we are going to be moving to"}, {"start": "00:34:07", "end": "00:34:11", "text": "to different currency where won't be on"}, {"start": "00:34:09", "end": "00:34:14", "text": "just dollars, paper dollars, paper"}, {"start": "00:34:11", "end": "00:34:16", "text": "coins. But at the same time, I"}, {"start": "00:34:14", "end": "00:34:19", "text": "definitely with you know, believing on"}, {"start": "00:34:16", "end": "00:34:22", "text": "the same that we are at the beginning"}, {"start": "00:34:19", "end": "00:34:24", "text": "stages of the largest economic shift in"}, {"start": "00:34:22", "end": "00:34:26", "text": "human history and you absolutely must"}, {"start": "00:34:24", "end": "00:34:29", "text": "participate in that. I just want to"}, {"start": "00:34:26", "end": "00:34:31", "text": "quickly remind everybody that the safety"}, {"start": "00:34:29", "end": "00:34:33", "text": "of buying a 10-year bond is by buying"}, {"start": "00:34:31", "end": "00:34:36", "text": "that bond individually and holding it"}, {"start": "00:34:33", "end": "00:34:38", "text": "through maturity. If you buy a bond ETF,"}, {"start": "00:34:36", "end": "00:34:40", "text": "even if it says it's a bond ETF that's"}, {"start": "00:34:38", "end": "00:34:42", "text": "structured on the 10-year, you are"}, {"start": "00:34:40", "end": "00:34:44", "text": "probably going to lose money and I will"}, {"start": "00:34:42", "end": "00:34:46", "text": "tell you why. Because you're going to"}, {"start": "00:34:44", "end": "00:34:48", "text": "buy that and you're not going to hold it"}, {"start": "00:34:46", "end": "00:34:49", "text": "for 10 years and therefore you're not"}, {"start": "00:34:48", "end": "00:34:51", "text": "holding it to maturity, but you're"}, {"start": "00:34:49", "end": "00:34:53", "text": "buying an ETF and the ETF is being"}, {"start": "00:34:51", "end": "00:34:55", "text": "managed by a bond fund manager and"}, {"start": "00:34:53", "end": "00:34:57", "text": "they're buying and selling all the time"}, {"start": "00:34:55", "end": "00:35:00", "text": "and you're not going to realize that"}, {"start": "00:34:57", "end": "00:35:01", "text": "safety. You cannot expect bonds to be"}, {"start": "00:35:00", "end": "00:35:03", "text": "safe unless you're going to buy the bond"}, {"start": "00:35:01", "end": "00:35:05", "text": "directly. Don't just buy a bond ETF and"}, {"start": "00:35:03", "end": "00:35:05", "text": "think you bought a bond. That's not how"}, {"start": "00:35:05", "end": "00:35:07", "text": "it works."}, {"start": "00:35:05", "end": "00:35:09", "text": ">> Exactly. Yeah, that's a good tip for a"}, {"start": "00:35:07", "end": "00:35:11", "text": "lot of people cuz I think in many cases"}, {"start": "00:35:09", "end": "00:35:13", "text": "people are maybe looking at bonds for"}, {"start": "00:35:11", "end": "00:35:15", "text": "the first time. So, pay attention guys"}, {"start": "00:35:13", "end": "00:35:17", "text": "out there. Uh Rebecca Walser coming in"}, {"start": "00:35:15", "end": "00:35:18", "text": "from Wealth Mana- uh Walser Wealth"}, {"start": "00:35:17", "end": "00:35:20", "text": "Management. Thank you so much for"}, {"start": "00:35:18", "end": "00:35:22", "text": "stopping in today. We appreciate it."}, {"start": "00:35:20", "end": "00:35:22", "text": ">> Thank you, Paul."}, {"start": "00:35:24", "end": "00:35:26", "text": ">> [music]"}, {"start": "00:35:27", "end": "00:35:30", "text": ">> If you like this video, hit like and"}, {"start": "00:35:29", "end": "00:35:33", "text": "subscribe. Drop a comment [music] down"}, {"start": "00:35:30", "end": "00:35:34", "text": "below and also join our free private"}, {"start": "00:35:33", "end": "00:35:37", "text": "member group. The link is in the"}, {"start": "00:35:34", "end": "00:35:37", "text": "description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "A market shock is underway. CPI came in"}, {"start": "00:00:02", "end": "00:00:07", "text": "hot. What does that do to the market?"}, {"start": "00:00:04", "end": "00:00:09", "text": "Well, today we'll talk about it and take"}, {"start": "00:00:07", "end": "00:00:10", "text": "a look. But before we do that, I want to"}, {"start": "00:00:09", "end": "00:00:11", "text": "thank our sponsor, and that's Itrust"}, {"start": "00:00:10", "end": "00:00:14", "text": "Capital, where you guys can get into"}, {"start": "00:00:11", "end": "00:00:16", "text": "your own crypto IRA, cryptocurrency,"}, {"start": "00:00:14", "end": "00:00:18", "text": "stocks, gold, and silver. All available"}, {"start": "00:00:16", "end": "00:00:21", "text": "over on Itrust Capital. One account,"}, {"start": "00:00:18", "end": "00:00:22", "text": "unlimited possibilities. This is one of"}, {"start": "00:00:21", "end": "00:00:24", "text": "the platforms. They've been around for"}, {"start": "00:00:22", "end": "00:00:27", "text": "quite a while. You guys can go over and"}, {"start": "00:00:24", "end": "00:00:29", "text": "use them. If you have a current IRA, you"}, {"start": "00:00:27", "end": "00:00:32", "text": "can transfer that. If you want to start"}, {"start": "00:00:29", "end": "00:00:34", "text": "a brand new IRA, you can also do that as"}, {"start": "00:00:32", "end": "00:00:36", "text": "well. So, just use our link down below."}, {"start": "00:00:34", "end": "00:00:37", "text": "It's going to give you a $100 funding"}, {"start": "00:00:36", "end": "00:00:39", "text": "reward to get started. And you're going"}, {"start": "00:00:37", "end": "00:00:41", "text": "to have to start tax planning soon. And"}, {"start": "00:00:39", "end": "00:00:43", "text": "I are one of the diversification things"}, {"start": "00:00:41", "end": "00:00:45", "text": "that you should be doing to set yourself"}, {"start": "00:00:43", "end": "00:00:48", "text": "up for success. Let's get started. I"}, {"start": "00:00:45", "end": "00:00:49", "text": "want to take a look at the first thing,"}, {"start": "00:00:48", "end": "00:00:51", "text": "which of course is the soaring energy"}, {"start": "00:00:49", "end": "00:00:53", "text": "prices that are pushing inflation"}, {"start": "00:00:51", "end": "00:00:57", "text": "higher. If you look at where the annual"}, {"start": "00:00:53", "end": "00:01:00", "text": "CPI change is 3.7 much hotter than"}, {"start": "00:00:57", "end": "00:01:02", "text": "expected and the issue really boils down"}, {"start": "00:01:00", "end": "00:01:05", "text": "to a couple of key areas. One of them"}, {"start": "00:01:02", "end": "00:01:08", "text": "that is focused on is energy. Energy of"}, {"start": "00:01:05", "end": "00:01:09", "text": "course both fuel oil, gasoline and of"}, {"start": "00:01:08", "end": "00:01:11", "text": "course when you look at fuel oil in"}, {"start": "00:01:09", "end": "00:01:13", "text": "general that's mostly diesel that's"}, {"start": "00:01:11", "end": "00:01:16", "text": "causing a lot of this. But in addition"}, {"start": "00:01:13", "end": "00:01:18", "text": "to that look at the list of other items"}, {"start": "00:01:16", "end": "00:01:21", "text": "on here. airfare, non-alcoholic"}, {"start": "00:01:18", "end": "00:01:22", "text": "beverages, tobacco, hospital services,"}, {"start": "00:01:21", "end": "00:01:24", "text": "I'll talk about that in a second, motor"}, {"start": "00:01:22", "end": "00:01:26", "text": "vehicle maintenance and repair, used car"}, {"start": "00:01:24", "end": "00:01:29", "text": "trucks, uh, used cars and trucks also"}, {"start": "00:01:26", "end": "00:01:32", "text": "up. Everything that pretty much people"}, {"start": "00:01:29", "end": "00:01:33", "text": "are looking on to on a daily basis has"}, {"start": "00:01:32", "end": "00:01:35", "text": "started to take a price hike. And that,"}, {"start": "00:01:33", "end": "00:01:37", "text": "of course, I think is one of the reasons"}, {"start": "00:01:35", "end": "00:01:40", "text": "we're seeing these CPIs come in."}, {"start": "00:01:37", "end": "00:01:43", "text": "Remember though that the ACA marketplace"}, {"start": "00:01:40", "end": "00:01:45", "text": "um actually got discontinued. So you're"}, {"start": "00:01:43", "end": "00:01:47", "text": "essentially in a position now where"}, {"start": "00:01:45", "end": "00:01:49", "text": "medical fees are going to start to"}, {"start": "00:01:47", "end": "00:01:51", "text": "really affect Americans and you're"}, {"start": "00:01:49", "end": "00:01:54", "text": "seeing it right here as the enrollment"}, {"start": "00:01:51", "end": "00:01:56", "text": "of course has started to fall. And with"}, {"start": "00:01:54", "end": "00:01:58", "text": "that you kind of compare just the Milman"}, {"start": "00:01:56", "end": "00:02:00", "text": "medical index. I'll just show you this"}, {"start": "00:01:58", "end": "00:02:02", "text": "right here. This is the comparison right"}, {"start": "00:02:00", "end": "00:02:05", "text": "there between 25 and 26 in terms of the"}, {"start": "00:02:02", "end": "00:02:08", "text": "cost. So the growth is up. This is a"}, {"start": "00:02:05", "end": "00:02:11", "text": "7.9% increase right now in medical. So"}, {"start": "00:02:08", "end": "00:02:13", "text": "that is another major area that is"}, {"start": "00:02:11", "end": "00:02:15", "text": "affecting American consumers and it is"}, {"start": "00:02:13", "end": "00:02:18", "text": "going to be one that continues to push"}, {"start": "00:02:15", "end": "00:02:20", "text": "into the markets. The Treasury yields"}, {"start": "00:02:18", "end": "00:02:23", "text": "though holding at 5.2. Now this of"}, {"start": "00:02:20", "end": "00:02:25", "text": "course starting to fall after the news."}, {"start": "00:02:23", "end": "00:02:29", "text": "We're holding now at 5.2, but this had"}, {"start": "00:02:25", "end": "00:02:31", "text": "spiked up to right there at 5.3 and"}, {"start": "00:02:29", "end": "00:02:32", "text": "settled back down. So, treasuries,"}, {"start": "00:02:31", "end": "00:02:34", "text": "10-year treasuries are going to be"}, {"start": "00:02:32", "end": "00:02:36", "text": "interesting to look at and how the"}, {"start": "00:02:34", "end": "00:02:38", "text": "market will decipher whether or not"}, {"start": "00:02:36", "end": "00:02:40", "text": "they're going to put in money into"}, {"start": "00:02:38", "end": "00:02:43", "text": "long-term uh treasuries versus playing"}, {"start": "00:02:40", "end": "00:02:45", "text": "the S&P. When you look at fixedear"}, {"start": "00:02:43", "end": "00:02:47", "text": "mortgages, this is another problem, and"}, {"start": "00:02:45", "end": "00:02:49", "text": "that is this recent hike. If you go"}, {"start": "00:02:47", "end": "00:02:53", "text": "right here, you'll see it right there"}, {"start": "00:02:49", "end": "00:02:55", "text": "from March of 2026 at 6.22,"}, {"start": "00:02:53", "end": "00:02:58", "text": "expanding to where we're holding right"}, {"start": "00:02:55", "end": "00:03:00", "text": "now at 7.4. Let me kind of show you that"}, {"start": "00:02:58", "end": "00:03:01", "text": "a little closer. That's the range that"}, {"start": "00:03:00", "end": "00:03:04", "text": "we're talking about. This is a big deal"}, {"start": "00:03:01", "end": "00:03:07", "text": "when you're talking about even a"}, {"start": "00:03:04", "end": "00:03:09", "text": "$200,000 home, much less what we look on"}, {"start": "00:03:07", "end": "00:03:12", "text": "the national median which is sitting at"}, {"start": "00:03:09", "end": "00:03:14", "text": "around 500 to 600,000. So huge"}, {"start": "00:03:12", "end": "00:03:16", "text": "implications for mortgage. That means"}, {"start": "00:03:14", "end": "00:03:18", "text": "real estate sales potentially could slow"}, {"start": "00:03:16", "end": "00:03:20", "text": "as well. This of course gets into the"}, {"start": "00:03:18", "end": "00:03:23", "text": "Fed decision. We'll look at October over"}, {"start": "00:03:20", "end": "00:03:27", "text": "here on poly market right now. no change"}, {"start": "00:03:23", "end": "00:03:29", "text": "hovering around 66% after this somewhat"}, {"start": "00:03:27", "end": "00:03:31", "text": "bounces even though it was right there"}, {"start": "00:03:29", "end": "00:03:34", "text": "holding on a no change and a potential"}, {"start": "00:03:31", "end": "00:03:37", "text": "quarter point but right now setting in"}, {"start": "00:03:34", "end": "00:03:39", "text": "at no change if you look at December"}, {"start": "00:03:37", "end": "00:03:42", "text": "this gets even higher now but it's going"}, {"start": "00:03:39", "end": "00:03:45", "text": "the other way now we're talking about a"}, {"start": "00:03:42", "end": "00:03:47", "text": "20 uh 25 basis points change and some"}, {"start": "00:03:45", "end": "00:03:49", "text": "people are pointing to that this could"}, {"start": "00:03:47", "end": "00:03:51", "text": "actually be multiple rate hikes before"}, {"start": "00:03:49", "end": "00:03:53", "text": "the end of the year and of course we"}, {"start": "00:03:51", "end": "00:03:55", "text": "only have two FOMC meetings meetings"}, {"start": "00:03:53", "end": "00:03:57", "text": "available to us. The November meeting uh"}, {"start": "00:03:55", "end": "00:03:59", "text": "or the December meeting and then the"}, {"start": "00:03:57", "end": "00:04:01", "text": "October meeting and then of course we go"}, {"start": "00:03:59", "end": "00:04:03", "text": "into late January on the 27th. If you"}, {"start": "00:04:01", "end": "00:04:05", "text": "look at January, let's take a look"}, {"start": "00:04:03", "end": "00:04:08", "text": "there. The dip right there is on no"}, {"start": "00:04:05", "end": "00:04:10", "text": "change, but right now still holding a"}, {"start": "00:04:08", "end": "00:04:12", "text": "quarter basis points in January at 60"}, {"start": "00:04:10", "end": "00:04:14", "text": "and 43%"}, {"start": "00:04:12", "end": "00:04:16", "text": "uh respectively. So consider that right"}, {"start": "00:04:14", "end": "00:04:18", "text": "now and where this plays into the"}, {"start": "00:04:16", "end": "00:04:21", "text": "market. So let's take a look at where"}, {"start": "00:04:18", "end": "00:04:22", "text": "the hikes are standing. Right now there"}, {"start": "00:04:21", "end": "00:04:27", "text": "is"}, {"start": "00:04:22", "end": "00:04:30", "text": "a 33% chance of three quarter points"}, {"start": "00:04:27", "end": "00:04:33", "text": "hikes. This is insane because for that"}, {"start": "00:04:30", "end": "00:04:35", "text": "right now I mean it looks like two 50"}, {"start": "00:04:33", "end": "00:04:39", "text": "basis points total would be the primary"}, {"start": "00:04:35", "end": "00:04:42", "text": "holding it right now at about uh 67%."}, {"start": "00:04:39", "end": "00:04:45", "text": "The three though would be significant if"}, {"start": "00:04:42", "end": "00:04:47", "text": "that actually happens. So, be aware that"}, {"start": "00:04:45", "end": "00:04:50", "text": "not only is this starting to play into"}, {"start": "00:04:47", "end": "00:04:52", "text": "the market, now we've got inflation"}, {"start": "00:04:50", "end": "00:04:54", "text": "starting to trigger a lot of very key"}, {"start": "00:04:52", "end": "00:04:56", "text": "things. And remember, this time of year,"}, {"start": "00:04:54", "end": "00:04:58", "text": "not only for energy, but also for retail"}, {"start": "00:04:56", "end": "00:05:00", "text": "because we go into the holiday season."}, {"start": "00:04:58", "end": "00:05:02", "text": "I'll talk about that in a second. But"}, {"start": "00:05:00", "end": "00:05:06", "text": "here's energy right here climbing off of"}, {"start": "00:05:02", "end": "00:05:09", "text": "the $88 low when it came to just regular"}, {"start": "00:05:06", "end": "00:05:11", "text": "crude oil up to where it's spiking right"}, {"start": "00:05:09", "end": "00:05:13", "text": "now at 95. So, a barrel. So this is an"}, {"start": "00:05:11", "end": "00:05:16", "text": "issue that I think is going to continue"}, {"start": "00:05:13", "end": "00:05:18", "text": "to be a problem because of the number of"}, {"start": "00:05:16", "end": "00:05:20", "text": "fronts that we have right now that are"}, {"start": "00:05:18", "end": "00:05:23", "text": "in oil producing regions of the world"}, {"start": "00:05:20", "end": "00:05:25", "text": "and one of them of course is what's"}, {"start": "00:05:23", "end": "00:05:26", "text": "happening in uh Saudi and that is the"}, {"start": "00:05:25", "end": "00:05:28", "text": "first time a Ramco this is one of the"}, {"start": "00:05:26", "end": "00:05:30", "text": "biggest oil companies the biggest oil"}, {"start": "00:05:28", "end": "00:05:32", "text": "company in the world uh their corporate"}, {"start": "00:05:30", "end": "00:05:34", "text": "headquarters has been hit uh this of"}, {"start": "00:05:32", "end": "00:05:37", "text": "course coming in from the Houthies and"}, {"start": "00:05:34", "end": "00:05:39", "text": "that of course is just one of many you"}, {"start": "00:05:37", "end": "00:05:43", "text": "also have Iran which had its first"}, {"start": "00:05:39", "end": "00:05:45", "text": "vessel sunk unk in um in the war and"}, {"start": "00:05:43", "end": "00:05:46", "text": "this came through a mine and of course"}, {"start": "00:05:45", "end": "00:05:49", "text": "what does it have? It's got a bunch of"}, {"start": "00:05:46", "end": "00:05:53", "text": "luxury perfumes and iPhones setting in"}, {"start": "00:05:49", "end": "00:05:55", "text": "the straight. So this is insane. Uh and"}, {"start": "00:05:53", "end": "00:05:58", "text": "it gets worse, guys. It gets worse. Uh"}, {"start": "00:05:55", "end": "00:06:00", "text": "Ukraine also striking oil depots. This"}, {"start": "00:05:58", "end": "00:06:02", "text": "of course changes the game for both"}, {"start": "00:06:00", "end": "00:06:04", "text": "what's happening with Russia. Trump is"}, {"start": "00:06:02", "end": "00:06:06", "text": "over there trying to deal with this. We"}, {"start": "00:06:04", "end": "00:06:09", "text": "are in a mess here when it comes to"}, {"start": "00:06:06", "end": "00:06:11", "text": "energy costs. And this is the thing that"}, {"start": "00:06:09", "end": "00:06:14", "text": "concerns me the most as this plays into"}, {"start": "00:06:11", "end": "00:06:16", "text": "2027 because it does not appear that"}, {"start": "00:06:14", "end": "00:06:18", "text": "there is a way out of these. So big"}, {"start": "00:06:16", "end": "00:06:20", "text": "issues. Let's take a look at what's"}, {"start": "00:06:18", "end": "00:06:21", "text": "going to happen in the Senate."}, {"start": "00:06:20", "end": "00:06:25", "text": "Democratic party still holding the lead"}, {"start": "00:06:21", "end": "00:06:27", "text": "at 64%. A lot of people saying that this"}, {"start": "00:06:25", "end": "00:06:31", "text": "may not be right. Now you tell me. Do"}, {"start": "00:06:27", "end": "00:06:33", "text": "you think we're going to see a blue wave"}, {"start": "00:06:31", "end": "00:06:35", "text": "coming into our capital? Let me know in"}, {"start": "00:06:33", "end": "00:06:38", "text": "the comments because right now the House"}, {"start": "00:06:35", "end": "00:06:40", "text": "is pretty much lost. the Senate holding"}, {"start": "00:06:38", "end": "00:06:43", "text": "a 64%"}, {"start": "00:06:40", "end": "00:06:45", "text": "Democratic advantage. Uh so taking over"}, {"start": "00:06:43", "end": "00:06:46", "text": "and there's some key states that you'll"}, {"start": "00:06:45", "end": "00:06:49", "text": "need to watch because this could start"}, {"start": "00:06:46", "end": "00:06:51", "text": "to flip things dramatically not only for"}, {"start": "00:06:49", "end": "00:06:54", "text": "this midterm but where it starts to play"}, {"start": "00:06:51", "end": "00:06:56", "text": "into the next presidential election"}, {"start": "00:06:54", "end": "00:06:58", "text": "which is going to be huge I think for"}, {"start": "00:06:56", "end": "00:07:00", "text": "the markets. The other thing that could"}, {"start": "00:06:58", "end": "00:07:02", "text": "really pivot the markets is what's"}, {"start": "00:07:00", "end": "00:07:05", "text": "happening in AI. Open AAI's revenue"}, {"start": "00:07:02", "end": "00:07:06", "text": "reportedly 20 billion lower than"}, {"start": "00:07:05", "end": "00:07:09", "text": "everyone thought. Uh, and of course,"}, {"start": "00:07:06", "end": "00:07:12", "text": "Nvidia just lost 170 billion. You look"}, {"start": "00:07:09", "end": "00:07:14", "text": "at the impact of where AI is right now."}, {"start": "00:07:12", "end": "00:07:18", "text": "What we're most likely going to see with"}, {"start": "00:07:14", "end": "00:07:21", "text": "the anthropic IPO and the pressure that"}, {"start": "00:07:18", "end": "00:07:22", "text": "the market is continuingly taking. And"}, {"start": "00:07:21", "end": "00:07:25", "text": "the point is, if you look at Nvidia,"}, {"start": "00:07:22", "end": "00:07:27", "text": "Oracle, Coreweave, and other AI stocks"}, {"start": "00:07:25", "end": "00:07:30", "text": "right now, all of them are sinking on"}, {"start": "00:07:27", "end": "00:07:32", "text": "this. So imagine if there is any other"}, {"start": "00:07:30", "end": "00:07:35", "text": "bad news that gets uncovered out of"}, {"start": "00:07:32", "end": "00:07:38", "text": "OpenAI or Anthropic, what kind of impact"}, {"start": "00:07:35", "end": "00:07:40", "text": "that could have here on the overall"}, {"start": "00:07:38", "end": "00:07:43", "text": "market. So let's also take a look at the"}, {"start": "00:07:40", "end": "00:07:45", "text": "chip side of things. Semiconductors"}, {"start": "00:07:43", "end": "00:07:47", "text": "right here is China's CXMT. Uh this is"}, {"start": "00:07:45", "end": "00:07:51", "text": "in reference to their memory advances"}, {"start": "00:07:47", "end": "00:07:52", "text": "ahead of Samsung and and SKH Heinix. And"}, {"start": "00:07:51", "end": "00:07:55", "text": "understand that and I'll show you here"}, {"start": "00:07:52", "end": "00:07:58", "text": "on the chart here in a second. These are"}, {"start": "00:07:55", "end": "00:08:00", "text": "the supply side of what's happening with"}, {"start": "00:07:58", "end": "00:08:02", "text": "a lot of the hyperscalers and what's"}, {"start": "00:08:00", "end": "00:08:05", "text": "happening with a lot of the AI companies"}, {"start": "00:08:02", "end": "00:08:08", "text": "in general and all of the companies that"}, {"start": "00:08:05", "end": "00:08:11", "text": "correlate and build around AI. So a huge"}, {"start": "00:08:08", "end": "00:08:12", "text": "impact overall. If you look at CXMT,"}, {"start": "00:08:11", "end": "00:08:15", "text": "that's the chart right there on the"}, {"start": "00:08:12", "end": "00:08:17", "text": "weekly. Let me go to the daily. This is"}, {"start": "00:08:15", "end": "00:08:20", "text": "the downtrend that we're seeing on CXMT,"}, {"start": "00:08:17", "end": "00:08:23", "text": "biggest Chinese uh maker right there. Uh"}, {"start": "00:08:20", "end": "00:08:24", "text": "SKH Heinix also falling dramatically."}, {"start": "00:08:23", "end": "00:08:28", "text": "And then you can even go up here to"}, {"start": "00:08:24", "end": "00:08:32", "text": "Micron. Micron also coming down to 923"}, {"start": "00:08:28", "end": "00:08:34", "text": "off of uh over a,000 almost, 1100. So"}, {"start": "00:08:32", "end": "00:08:37", "text": "this is starting to trickle its way into"}, {"start": "00:08:34", "end": "00:08:39", "text": "the market. The question is how does"}, {"start": "00:08:37", "end": "00:08:41", "text": "this play out for the rest of the year?"}, {"start": "00:08:39", "end": "00:08:43", "text": "I've got a clip from Paul Tudtor Jones"}, {"start": "00:08:41", "end": "00:08:45", "text": "who talks about this. Take a look. For"}, {"start": "00:08:43", "end": "00:08:48", "text": "me, the most interesting thing, and I"}, {"start": "00:08:45", "end": "00:08:50", "text": "it's it's hard for me to see much beyond"}, {"start": "00:08:48", "end": "00:08:53", "text": "December 31 because that's going to be"}, {"start": "00:08:50", "end": "00:08:55", "text": "really important obviously for a fund."}, {"start": "00:08:53", "end": "00:08:57", "text": "If you kind of just go back and look at"}, {"start": "00:08:55", "end": "00:08:58", "text": "midterm cycles, a whole variety of"}, {"start": "00:08:57", "end": "00:09:01", "text": "things that would tell you that we"}, {"start": "00:08:58", "end": "00:09:02", "text": "should have a really, really strong"}, {"start": "00:09:01", "end": "00:09:04", "text": "fourth quarter. Coming out of the"}, {"start": "00:09:02", "end": "00:09:08", "text": "midterms, the market typically bottoms"}, {"start": "00:09:04", "end": "00:09:10", "text": "sometime late October, early November,"}, {"start": "00:09:08", "end": "00:09:14", "text": "and then you get to fourth quarter push"}, {"start": "00:09:10", "end": "00:09:17", "text": "at the same time. 2027 is going to be"}, {"start": "00:09:14", "end": "00:09:19", "text": "really really challenging for the stock"}, {"start": "00:09:17", "end": "00:09:24", "text": "market because if I just look at the"}, {"start": "00:09:19", "end": "00:09:26", "text": "flows the most negative flow picture for"}, {"start": "00:09:24", "end": "00:09:30", "text": "the US stock market that we've had say"}, {"start": "00:09:26", "end": "00:09:33", "text": "since 2002 and by that I mean if we sum"}, {"start": "00:09:30", "end": "00:09:36", "text": "up all the buybacks M&A all the positive"}, {"start": "00:09:33", "end": "00:09:40", "text": "things that has powered this market and"}, {"start": "00:09:36", "end": "00:09:44", "text": "then I subtract from that the IPOs"}, {"start": "00:09:40", "end": "00:09:46", "text": "secondaries unlocks etc. Then you've got"}, {"start": "00:09:44", "end": "00:09:49", "text": "the certainly the most negative flow"}, {"start": "00:09:46", "end": "00:09:53", "text": "picture since 2009, the $2 trillion"}, {"start": "00:09:49", "end": "00:09:56", "text": "SpaceX becoming anthropic and open AI."}, {"start": "00:09:53", "end": "00:09:58", "text": "It shifts the math and and and makes it"}, {"start": "00:09:56", "end": "00:10:00", "text": "more difficult for the market."}, {"start": "00:09:58", "end": "00:10:03", "text": ">> All right. So you you could take this"}, {"start": "00:10:00", "end": "00:10:05", "text": "two ways. One, you could look at it and"}, {"start": "00:10:03", "end": "00:10:07", "text": "say there are two sides of the market"}, {"start": "00:10:05", "end": "00:10:09", "text": "right now. You have Paul Tudtor Jones"}, {"start": "00:10:07", "end": "00:10:11", "text": "very defensive. Then you have someone"}, {"start": "00:10:09", "end": "00:10:12", "text": "like a Tom Lee who's very offensive"}, {"start": "00:10:11", "end": "00:10:15", "text": "saying that we are going to see one of"}, {"start": "00:10:12", "end": "00:10:18", "text": "the biggest bull runs ever. Many people"}, {"start": "00:10:15", "end": "00:10:21", "text": "are still hesitant right now in the AI"}, {"start": "00:10:18", "end": "00:10:23", "text": "trade as am I a little cautious. I am"}, {"start": "00:10:21", "end": "00:10:25", "text": "still bullish in the market in general,"}, {"start": "00:10:23", "end": "00:10:28", "text": "but there are some key support zones. If"}, {"start": "00:10:25", "end": "00:10:30", "text": "you look at Bitcoin and kind of compare"}, {"start": "00:10:28", "end": "00:10:32", "text": "uh of where it could be going right now,"}, {"start": "00:10:30", "end": "00:10:35", "text": "confidence level, medium, I would say"}, {"start": "00:10:32", "end": "00:10:37", "text": "that's about right for me. The area that"}, {"start": "00:10:35", "end": "00:10:39", "text": "I'm targeting right now is right around"}, {"start": "00:10:37", "end": "00:10:42", "text": "81,000. And I would agree with this key"}, {"start": "00:10:39", "end": "00:10:45", "text": "resistance setting up at 84 and 85 uh"}, {"start": "00:10:42", "end": "00:10:48", "text": "845. So you've got the CPI numbers who"}, {"start": "00:10:45", "end": "00:10:51", "text": "come in on this. The question will be if"}, {"start": "00:10:48", "end": "00:10:54", "text": "AI starts to falter, do risk assets get"}, {"start": "00:10:51", "end": "00:10:56", "text": "the play here. Do we get a bid within"}, {"start": "00:10:54", "end": "00:10:58", "text": "some of these risk assets? Some of the"}, {"start": "00:10:56", "end": "00:11:00", "text": "big hits may be some of the altcoins. So"}, {"start": "00:10:58", "end": "00:11:01", "text": "be on the lookout for that, guys, as we"}, {"start": "00:11:00", "end": "00:11:03", "text": "start to play into this. The other thing"}, {"start": "00:11:01", "end": "00:11:06", "text": "that's getting hit right now is the"}, {"start": "00:11:03", "end": "00:11:09", "text": "ETFs. So you've got Bitcoin getting a"}, {"start": "00:11:06", "end": "00:11:12", "text": "little bit of move right there. ETH also"}, {"start": "00:11:09", "end": "00:11:15", "text": "bleeding somewhat slight amount going in"}, {"start": "00:11:12", "end": "00:11:18", "text": "here recently. Salana also bleeding. And"}, {"start": "00:11:15", "end": "00:11:19", "text": "then you go into XRP and it's been like"}, {"start": "00:11:18", "end": "00:11:23", "text": "nothing for almost a week in terms of"}, {"start": "00:11:19", "end": "00:11:25", "text": "flows. This is not good for the big four"}, {"start": "00:11:23", "end": "00:11:26", "text": "when it comes to ETFs. And I think this"}, {"start": "00:11:25", "end": "00:11:30", "text": "is something that many people are"}, {"start": "00:11:26", "end": "00:11:32", "text": "looking at right now. Is risk in a"}, {"start": "00:11:30", "end": "00:11:34", "text": "position where you can look at entry"}, {"start": "00:11:32", "end": "00:11:36", "text": "points or are you waiting for something"}, {"start": "00:11:34", "end": "00:11:39", "text": "else? Let me know what you guys think."}, {"start": "00:11:36", "end": "00:11:41", "text": "Is Bitcoin going to go back to say 75K"}, {"start": "00:11:39", "end": "00:11:44", "text": "if in fact we continue to see this"}, {"start": "00:11:41", "end": "00:11:46", "text": "pressure that comes in on the market. If"}, {"start": "00:11:44", "end": "00:11:47", "text": "we get a rate hike, uh that could be an"}, {"start": "00:11:46", "end": "00:11:49", "text": "issue overall. Gold and silver, they're"}, {"start": "00:11:47", "end": "00:11:52", "text": "not out of the weeds either. You've got"}, {"start": "00:11:49", "end": "00:11:54", "text": "gold and silver prices dumping after all"}, {"start": "00:11:52", "end": "00:11:56", "text": "of this, especially when it comes to"}, {"start": "00:11:54", "end": "00:12:01", "text": "higher than expected inflation. And this"}, {"start": "00:11:56", "end": "00:12:03", "text": "wipes out a combined $700 billion. So"}, {"start": "00:12:01", "end": "00:12:06", "text": "guys, this is uh getting a little crazy"}, {"start": "00:12:03", "end": "00:12:07", "text": "in the market. Crypto fear and greed."}, {"start": "00:12:06", "end": "00:12:11", "text": "This gets interesting here because"}, {"start": "00:12:07", "end": "00:12:13", "text": "you're sitting at 51 right now. Not a"}, {"start": "00:12:11", "end": "00:12:16", "text": "good position really in general. I think"}, {"start": "00:12:13", "end": "00:12:18", "text": "this is much more bearish at present"}, {"start": "00:12:16", "end": "00:12:20", "text": "than what it's stating in the markets."}, {"start": "00:12:18", "end": "00:12:23", "text": "I'm watching this very closely because"}, {"start": "00:12:20", "end": "00:12:25", "text": "if we see any kind of major dump on"}, {"start": "00:12:23", "end": "00:12:27", "text": "Bitcoin, this could start to send the"}, {"start": "00:12:25", "end": "00:12:29", "text": "market a little bit lower. Uh overall,"}, {"start": "00:12:27", "end": "00:12:31", "text": "let's take a look at this right here cuz"}, {"start": "00:12:29", "end": "00:12:33", "text": "this is another area that I'm uh"}, {"start": "00:12:31", "end": "00:12:35", "text": "slightly concerned with is a possible"}, {"start": "00:12:33", "end": "00:12:38", "text": "tariff surprise. China's trade surplus"}, {"start": "00:12:35", "end": "00:12:40", "text": "hits 983 billion for January through"}, {"start": "00:12:38", "end": "00:12:42", "text": "September. Hopefully, we don't get"}, {"start": "00:12:40", "end": "00:12:44", "text": "Bassin and Trump going in and doing"}, {"start": "00:12:42", "end": "00:12:46", "text": "another one, but it's possible. So"}, {"start": "00:12:44", "end": "00:12:48", "text": "pressure has now ramped up from its"}, {"start": "00:12:46", "end": "00:12:50", "text": "other trading partners including the EU"}, {"start": "00:12:48", "end": "00:12:52", "text": "to rebalance. So if the EU is doing it's"}, {"start": "00:12:50", "end": "00:12:53", "text": "going to give cover fire I think for the"}, {"start": "00:12:52", "end": "00:12:55", "text": "administration to possibly try to pull"}, {"start": "00:12:53", "end": "00:12:57", "text": "something off there. So be on the"}, {"start": "00:12:55", "end": "00:12:59", "text": "lookout. Consumer confidence guys this"}, {"start": "00:12:57", "end": "00:13:03", "text": "is the low it's been since we saw what"}, {"start": "00:12:59", "end": "00:13:05", "text": "back in precoid times. So not something"}, {"start": "00:13:03", "end": "00:13:08", "text": "that I think consumers are looking at in"}, {"start": "00:13:05", "end": "00:13:10", "text": "general. You have US holiday spending"}, {"start": "00:13:08", "end": "00:13:12", "text": "expected to dip right now. And there's a"}, {"start": "00:13:10", "end": "00:13:15", "text": "couple of areas that you have to look at"}, {"start": "00:13:12", "end": "00:13:17", "text": "right here. 3/4 of households are now"}, {"start": "00:13:15", "end": "00:13:19", "text": "expecting to adopt a money-saving"}, {"start": "00:13:17", "end": "00:13:23", "text": "measure during the holiday season,"}, {"start": "00:13:19", "end": "00:13:25", "text": "basically spending less. So, if that's"}, {"start": "00:13:23", "end": "00:13:28", "text": "with you and you look at what the rest"}, {"start": "00:13:25", "end": "00:13:30", "text": "of the market is doing from a consumer"}, {"start": "00:13:28", "end": "00:13:33", "text": "aspect, what's happening in AI and of"}, {"start": "00:13:30", "end": "00:13:35", "text": "course what's happening in the aspect of"}, {"start": "00:13:33", "end": "00:13:37", "text": "energy and just inflation in general."}, {"start": "00:13:35", "end": "00:13:40", "text": "Uh, this is going to get a little tight."}, {"start": "00:13:37", "end": "00:13:42", "text": "Let's go into other news in crypto. And"}, {"start": "00:13:40", "end": "00:13:44", "text": "one of the biggest news items right now"}, {"start": "00:13:42", "end": "00:13:48", "text": "is what's happening at Ledger. Ledger"}, {"start": "00:13:44", "end": "00:13:51", "text": "devices are now being taken off product"}, {"start": "00:13:48", "end": "00:13:53", "text": "shelves. This is a problem because now"}, {"start": "00:13:51", "end": "00:13:55", "text": "you're talking about all of Asia. The"}, {"start": "00:13:53", "end": "00:13:57", "text": "ent seems like the entire uh Southeast"}, {"start": "00:13:55", "end": "00:13:59", "text": "Asia and Pacific Rim, Singapore,"}, {"start": "00:13:57", "end": "00:14:01", "text": "Thailand, Philippines, Vietnam,"}, {"start": "00:13:59", "end": "00:14:03", "text": "Malaysia, Hong Kong. This is not good"}, {"start": "00:14:01", "end": "00:14:05", "text": "for I think crypto in general,"}, {"start": "00:14:03", "end": "00:14:07", "text": "especially self-custody. If you are"}, {"start": "00:14:05", "end": "00:14:09", "text": "using these kinds of devices, what is"}, {"start": "00:14:07", "end": "00:14:12", "text": "keeping this from happening in other"}, {"start": "00:14:09", "end": "00:14:14", "text": "major countries including the West? That"}, {"start": "00:14:12", "end": "00:14:17", "text": "is what I'm watching very closely. Right"}, {"start": "00:14:14", "end": "00:14:19", "text": "now, guys, I just I recommend that you"}, {"start": "00:14:17", "end": "00:14:21", "text": "get off of those kinds of devices. Go"}, {"start": "00:14:19", "end": "00:14:23", "text": "into something that is more secure."}, {"start": "00:14:21", "end": "00:14:26", "text": "Whether you look at Tandem, even some of"}, {"start": "00:14:23", "end": "00:14:28", "text": "the software wallets, dare you go into"}, {"start": "00:14:26", "end": "00:14:29", "text": "central custody, but if possible, you've"}, {"start": "00:14:28", "end": "00:14:31", "text": "got to be able to look at some"}, {"start": "00:14:29", "end": "00:14:33", "text": "alternatives here. So, a big issue"}, {"start": "00:14:31", "end": "00:14:36", "text": "overall. Uh, you also have Bank of"}, {"start": "00:14:33", "end": "00:14:37", "text": "America. Speaking of central, this is"}, {"start": "00:14:36", "end": "00:14:40", "text": "crazy. I mean, the news is just out of"}, {"start": "00:14:37", "end": "00:14:43", "text": "control today. Bank of America crashes"}, {"start": "00:14:40", "end": "00:14:46", "text": "8%. It was fined 1.2 billion for money"}, {"start": "00:14:43", "end": "00:14:48", "text": "laundering by the US and it was with um"}, {"start": "00:14:46", "end": "00:14:51", "text": "what was happening in the southwest. So,"}, {"start": "00:14:48", "end": "00:14:54", "text": "means likely coming through Mexico and"}, {"start": "00:14:51", "end": "00:14:56", "text": "also China. That was what Finen"}, {"start": "00:14:54", "end": "00:14:58", "text": "reported. So, some of these things"}, {"start": "00:14:56", "end": "00:15:00", "text": "didn't get hit. But I want you to"}, {"start": "00:14:58", "end": "00:15:02", "text": "understand, you think this might be good"}, {"start": "00:15:00", "end": "00:15:04", "text": "because these guys, they had it coming"}, {"start": "00:15:02", "end": "00:15:07", "text": "to them, right? No, I think this hits"}, {"start": "00:15:04", "end": "00:15:08", "text": "Americans again because the banks are"}, {"start": "00:15:07", "end": "00:15:10", "text": "not going to pay this out of profits."}, {"start": "00:15:08", "end": "00:15:13", "text": "They're going to essentially charge"}, {"start": "00:15:10", "end": "00:15:16", "text": "their depositors and they've got 37"}, {"start": "00:15:13", "end": "00:15:18", "text": "million depositors, checking accounts,"}, {"start": "00:15:16", "end": "00:15:20", "text": "another almost 5 million business"}, {"start": "00:15:18", "end": "00:15:22", "text": "accounts. Watch out for that because"}, {"start": "00:15:20", "end": "00:15:25", "text": "that's the thing I'm concerned with is"}, {"start": "00:15:22", "end": "00:15:27", "text": "fee hikes to deal with these kind of"}, {"start": "00:15:25", "end": "00:15:29", "text": "things. So, I don't know if you're a BFA"}, {"start": "00:15:27", "end": "00:15:31", "text": "customer. Hopefully, you're not. Salana,"}, {"start": "00:15:29", "end": "00:15:33", "text": "of course, got big in China. They"}, {"start": "00:15:31", "end": "00:15:36", "text": "actually took over a tower. It was the"}, {"start": "00:15:33", "end": "00:15:37", "text": "city tower. And there you have it. I"}, {"start": "00:15:36", "end": "00:15:41", "text": "never thought I would see this, but"}, {"start": "00:15:37", "end": "00:15:44", "text": "there it is. Salana in China. Amazing,"}, {"start": "00:15:41", "end": "00:15:46", "text": "amazing stuff happening globally. Kraken"}, {"start": "00:15:44", "end": "00:15:48", "text": "decided, let's just go ahead and do"}, {"start": "00:15:46", "end": "00:15:50", "text": "something that nobody's expecting, and"}, {"start": "00:15:48", "end": "00:15:52", "text": "that is they went out and acquired their"}, {"start": "00:15:50", "end": "00:15:54", "text": "own European bank. So, Kraken on the"}, {"start": "00:15:52", "end": "00:15:55", "text": "move in terms of just trying to deal if"}, {"start": "00:15:54", "end": "00:15:57", "text": "you can't beat them, let's go ahead and"}, {"start": "00:15:55", "end": "00:16:00", "text": "join them kind of thing and reset up how"}, {"start": "00:15:57", "end": "00:16:03", "text": "the potential of a crypto bank might"}, {"start": "00:16:00", "end": "00:16:05", "text": "look like. I'm still expecting more of"}, {"start": "00:16:03", "end": "00:16:06", "text": "this kind of activity. I don't think"}, {"start": "00:16:05", "end": "00:16:08", "text": "we're going to see it the other way"}, {"start": "00:16:06", "end": "00:16:10", "text": "around where banks are acquiring crypto"}, {"start": "00:16:08", "end": "00:16:12", "text": "companies. I think it is going to be"}, {"start": "00:16:10", "end": "00:16:14", "text": "crypto companies acquiring financial"}, {"start": "00:16:12", "end": "00:16:16", "text": "institutions. So, let's let's end this"}, {"start": "00:16:14", "end": "00:16:19", "text": "on a positive note because I think there"}, {"start": "00:16:16", "end": "00:16:21", "text": "are some things in the market that are"}, {"start": "00:16:19", "end": "00:16:22", "text": "looking up and here is one of them that"}, {"start": "00:16:21", "end": "00:16:25", "text": "we're going to be watching very closely"}, {"start": "00:16:22", "end": "00:16:28", "text": "and that is the SEC's token offering"}, {"start": "00:16:25", "end": "00:16:30", "text": "exemptions. All of this ends on the"}, {"start": "00:16:28", "end": "00:16:32", "text": "20th. What happens is is the SEC made"}, {"start": "00:16:30", "end": "00:16:35", "text": "those rules, the market pumped. You saw"}, {"start": "00:16:32", "end": "00:16:37", "text": "that and right now you've got uh that"}, {"start": "00:16:35", "end": "00:16:39", "text": "time in terms of dealing with comment"}, {"start": "00:16:37", "end": "00:16:42", "text": "structures that companies would come in"}, {"start": "00:16:39", "end": "00:16:43", "text": "and try to add to or take away. All of"}, {"start": "00:16:42", "end": "00:16:47", "text": "that is over next week. So, public"}, {"start": "00:16:43", "end": "00:16:50", "text": "comment out the window. The key here is"}, {"start": "00:16:47", "end": "00:16:52", "text": "this. Once that goes through on the 20th"}, {"start": "00:16:50", "end": "00:16:55", "text": "and the SEC says, \"Okay, that's the law"}, {"start": "00:16:52", "end": "00:16:57", "text": "of the land under our guys what we're"}, {"start": "00:16:55", "end": "00:16:59", "text": "going to administer with the CFTC"}, {"start": "00:16:57", "end": "00:17:03", "text": "following suit as well.\" You're going to"}, {"start": "00:16:59", "end": "00:17:05", "text": "see, and be ready, a slew of"}, {"start": "00:17:03", "end": "00:17:06", "text": "announcements coming out. Look at crypto"}, {"start": "00:17:05", "end": "00:17:08", "text": "Twitter. You're going to see"}, {"start": "00:17:06", "end": "00:17:10", "text": "announcement after announcement coming"}, {"start": "00:17:08", "end": "00:17:13", "text": "out after this. if this gets locked in"}, {"start": "00:17:10", "end": "00:17:16", "text": "as it is right now, which means we could"}, {"start": "00:17:13", "end": "00:17:18", "text": "see a mini pump coming off of these news"}, {"start": "00:17:16", "end": "00:17:20", "text": "items right here. So, be on the lookout"}, {"start": "00:17:18", "end": "00:17:22", "text": "for that. That happens on the 20th. Uh"}, {"start": "00:17:20", "end": "00:17:23", "text": "we'll bring some more information to you"}, {"start": "00:17:22", "end": "00:17:25", "text": "about that because I think there's going"}, {"start": "00:17:23", "end": "00:17:27", "text": "to be some key projects that start to"}, {"start": "00:17:25", "end": "00:17:28", "text": "release some big news. Before we get out"}, {"start": "00:17:27", "end": "00:17:29", "text": "of here, let's take a look at the"}, {"start": "00:17:28", "end": "00:17:33", "text": "charts. You've got Bitcoin holding at"}, {"start": "00:17:29", "end": "00:17:36", "text": "816 right now on the daily. Uh this 81"}, {"start": "00:17:33", "end": "00:17:39", "text": "is a key point right now, guys, before"}, {"start": "00:17:36", "end": "00:17:41", "text": "we potentially see a push back. I hope"}, {"start": "00:17:39", "end": "00:17:42", "text": "we don't see this push back down to 75,"}, {"start": "00:17:41", "end": "00:17:45", "text": "but that is something that we're"}, {"start": "00:17:42", "end": "00:17:47", "text": "watching. ETH holding at 2433, kind of"}, {"start": "00:17:45", "end": "00:17:50", "text": "in the same window, which could push us"}, {"start": "00:17:47", "end": "00:17:53", "text": "back down literally into sub 20,000 on"}, {"start": "00:17:50", "end": "00:17:57", "text": "Ethereum. And then if you look at Salana"}, {"start": "00:17:53", "end": "00:17:59", "text": "nipping back down to 104, that 100 is"}, {"start": "00:17:57", "end": "00:18:01", "text": "the one that I am concerned with. And"}, {"start": "00:17:59", "end": "00:18:03", "text": "not concerned, it it's just a point of"}, {"start": "00:18:01", "end": "00:18:06", "text": "long-term holding where you get a chance"}, {"start": "00:18:03", "end": "00:18:07", "text": "to maybe reenter an asset like this."}, {"start": "00:18:06", "end": "00:18:09", "text": "It's actually good for some of you who"}, {"start": "00:18:07", "end": "00:18:11", "text": "maybe have not purchased some of these"}, {"start": "00:18:09", "end": "00:18:14", "text": "assets out there. Avalanche back down"}, {"start": "00:18:11", "end": "00:18:17", "text": "under $10. You've also got Uniswap"}, {"start": "00:18:14", "end": "00:18:19", "text": "absolutely skyrocketed all the way up to"}, {"start": "00:18:17", "end": "00:18:22", "text": "what was around 1090 almost $11 and has"}, {"start": "00:18:19", "end": "00:18:24", "text": "retraced back down to $714."}, {"start": "00:18:22", "end": "00:18:26", "text": "And some of the others we're watching on"}, {"start": "00:18:24", "end": "00:18:29", "text": "right there slightly up and then sliding"}, {"start": "00:18:26", "end": "00:18:32", "text": "down. JUP also on the news for today."}, {"start": "00:18:29", "end": "00:18:34", "text": "Most of these assets uh are obviously"}, {"start": "00:18:32", "end": "00:18:37", "text": "being affected by the inflation numbers."}, {"start": "00:18:34", "end": "00:18:39", "text": "So there you have it. Gold right there."}, {"start": "00:18:37", "end": "00:18:42", "text": "4K."}, {"start": "00:18:39", "end": "00:18:44", "text": "Silver holding a 55 back to its base."}, {"start": "00:18:42", "end": "00:18:46", "text": "This is going to be rough times for"}, {"start": "00:18:44", "end": "00:18:48", "text": "metals until until we see some"}, {"start": "00:18:46", "end": "00:18:49", "text": "adjustments here into the markets. We're"}, {"start": "00:18:48", "end": "00:18:52", "text": "going to cover this and a lot more. So"}, {"start": "00:18:49", "end": "00:18:54", "text": "stay tuned for that."}, {"start": "00:18:52", "end": "00:18:54", "text": "[music]"}, {"start": "00:18:57", "end": "00:19:00", "text": "If you like [music] this video, hit like"}, {"start": "00:18:58", "end": "00:19:03", "text": "and subscribe. Drop a comment down below"}, {"start": "00:19:00", "end": "00:19:04", "text": "and also join our free private member"}, {"start": "00:19:03", "end": "00:19:07", "text": "group. The link is in [music] the"}, {"start": "00:19:04", "end": "00:19:07", "text": "description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Japan has a state of emergency today."}, {"start": "00:00:02", "end": "00:00:06", "text": "We'll break it down for you because this"}, {"start": "00:00:03", "end": "00:00:08", "text": "will have immediate impact on crypto."}, {"start": "00:00:06", "end": "00:00:11", "text": "But something even bigger and that of"}, {"start": "00:00:08", "end": "00:00:14", "text": "course is cyber warfare that seems to be"}, {"start": "00:00:11", "end": "00:00:16", "text": "happening worldwide. Stay tuned. I'll"}, {"start": "00:00:14", "end": "00:00:17", "text": "explain. Before we get started, I do"}, {"start": "00:00:16", "end": "00:00:19", "text": "want to thank our sponsor today and that"}, {"start": "00:00:17", "end": "00:00:22", "text": "is Proton Mail. You guys should be"}, {"start": "00:00:19", "end": "00:00:25", "text": "getting into security and the reason is"}, {"start": "00:00:22", "end": "00:00:28", "text": "because Proton Mail is doing a fantastic"}, {"start": "00:00:25", "end": "00:00:31", "text": "job at protecting your privacy. This is"}, {"start": "00:00:28", "end": "00:00:33", "text": "the go-to place to get privacy set up"}, {"start": "00:00:31", "end": "00:00:36", "text": "for yourself and you can do that"}, {"start": "00:00:33", "end": "00:00:37", "text": "starting with email. So begin there if"}, {"start": "00:00:36", "end": "00:00:40", "text": "you want to do this for your business or"}, {"start": "00:00:37", "end": "00:00:42", "text": "your personal account. Very easy to do."}, {"start": "00:00:40", "end": "00:00:45", "text": "And one of the biggest things you can"}, {"start": "00:00:42", "end": "00:00:47", "text": "get into is of course Proton Unlimited."}, {"start": "00:00:45", "end": "00:00:50", "text": "Proton Unlimited gives you a whole slew"}, {"start": "00:00:47", "end": "00:00:53", "text": "of things you can use including mail,"}, {"start": "00:00:50", "end": "00:00:55", "text": "calendar, VPN, also getting Drive. It's"}, {"start": "00:00:53", "end": "00:00:57", "text": "it's almost like a Google replacement."}, {"start": "00:00:55", "end": "00:00:59", "text": "And the best thing here is you get"}, {"start": "00:00:57", "end": "00:01:01", "text": "sheets and also password protection."}, {"start": "00:00:59", "end": "00:01:04", "text": "This is one of the best tools out there"}, {"start": "00:01:01", "end": "00:01:07", "text": "to for security, especially in times"}, {"start": "00:01:04", "end": "00:01:10", "text": "like this when there is so much junk and"}, {"start": "00:01:07", "end": "00:01:12", "text": "scams coming through your mail right"}, {"start": "00:01:10", "end": "00:01:14", "text": "now. Use Proton Unlimited. Use our link"}, {"start": "00:01:12", "end": "00:01:16", "text": "down below to get a little bit of a"}, {"start": "00:01:14", "end": "00:01:18", "text": "discount. Let them know we sent you. All"}, {"start": "00:01:16", "end": "00:01:20", "text": "right, so let's get going here. And I"}, {"start": "00:01:18", "end": "00:01:22", "text": "want to start off first of all with the"}, {"start": "00:01:20", "end": "00:01:26", "text": "positive side of this. And that is that"}, {"start": "00:01:22", "end": "00:01:30", "text": "PPI came in at 6.8. 8 expectations in"}, {"start": "00:01:26", "end": "00:01:31", "text": "Japan were 7.6. So a significant move"}, {"start": "00:01:30", "end": "00:01:35", "text": "downward and if you look at the"}, {"start": "00:01:31", "end": "00:01:38", "text": "historical Japan producer prices change"}, {"start": "00:01:35", "end": "00:01:41", "text": "you can see here since July we have"}, {"start": "00:01:38", "end": "00:01:44", "text": "started to see a decline and the real"}, {"start": "00:01:41", "end": "00:01:46", "text": "question does this continue to move its"}, {"start": "00:01:44", "end": "00:01:49", "text": "way down and does Japan start to get"}, {"start": "00:01:46", "end": "00:01:51", "text": "into a position that could change things"}, {"start": "00:01:49", "end": "00:01:54", "text": "dramatically. One thing though that is"}, {"start": "00:01:51", "end": "00:01:56", "text": "happening significantly within Japan is"}, {"start": "00:01:54", "end": "00:01:57", "text": "that they have declared a cyber"}, {"start": "00:01:56", "end": "00:01:59", "text": "emergency and this of course is"}, {"start": "00:01:57", "end": "00:02:02", "text": "affecting millions of consumers who are"}, {"start": "00:01:59", "end": "00:02:04", "text": "affected in hacks. And this is happening"}, {"start": "00:02:02", "end": "00:02:07", "text": "really on a level that we haven't seen"}, {"start": "00:02:04", "end": "00:02:09", "text": "before. In fact, the finance minister"}, {"start": "00:02:07", "end": "00:02:12", "text": "has asked banks to improve protections"}, {"start": "00:02:09", "end": "00:02:13", "text": "against fraud after a series of cyber"}, {"start": "00:02:12", "end": "00:02:15", "text": "attacks rattled the country in recent"}, {"start": "00:02:13", "end": "00:02:17", "text": "years. Just to give you an example, I"}, {"start": "00:02:15", "end": "00:02:20", "text": "want to go to a clip real quick because"}, {"start": "00:02:17", "end": "00:02:22", "text": "this is Japan talking about the urgency"}, {"start": "00:02:20", "end": "00:02:24", "text": "of what's happening. Take a look."}, {"start": "00:02:22", "end": "00:02:27", "text": ">> The chairperson of the Japan Association"}, {"start": "00:02:24", "end": "00:02:29", "text": "of Corporate Executives has expressed"}, {"start": "00:02:27", "end": "00:02:33", "text": "strong alarm over a recent series of"}, {"start": "00:02:29", "end": "00:02:36", "text": "cyber attacks. GMO Research and AI said"}, {"start": "00:02:33", "end": "00:02:38", "text": "more than 940,000 records of information"}, {"start": "00:02:36", "end": "00:02:41", "text": "had been leaked. Discount store operator"}, {"start": "00:02:38", "end": "00:02:43", "text": "Mr. Max Holdings said its membership"}, {"start": "00:02:41", "end": "00:02:46", "text": "information had been leaked with as many"}, {"start": "00:02:43", "end": "00:02:49", "text": "as 1.73 million members potentially"}, {"start": "00:02:46", "end": "00:02:51", "text": "affected. Japanese watchmaker Citizen"}, {"start": "00:02:49", "end": "00:02:54", "text": "also said the personal information of"}, {"start": "00:02:51", "end": "00:02:56", "text": "about 100,000 people could have been"}, {"start": "00:02:54", "end": "00:03:00", "text": "leaked. In the case involving the car"}, {"start": "00:02:56", "end": "00:03:02", "text": "sharing service Park 24, 6.6 million"}, {"start": "00:03:00", "end": "00:03:05", "text": "records were leaked. that included"}, {"start": "00:03:02", "end": "00:03:07", "text": "addresses and images of driver's"}, {"start": "00:03:05", "end": "00:03:10", "text": "licenses that could be used as identity"}, {"start": "00:03:07", "end": "00:03:13", "text": "verification documents. The cyber"}, {"start": "00:03:10", "end": "00:03:15", "text": "security firm Magnika sends information"}, {"start": "00:03:13", "end": "00:03:17", "text": "leaks have become more frequent since"}, {"start": "00:03:15", "end": "00:03:19", "text": "July. The firm was seeing an average of"}, {"start": "00:03:17", "end": "00:03:23", "text": "about six suspected breaches of"}, {"start": "00:03:19", "end": "00:03:26", "text": "corporate websites a month. Since July,"}, {"start": "00:03:23", "end": "00:03:28", "text": "that number has jumped to 23. The"}, {"start": "00:03:26", "end": "00:03:31", "text": "attackers are likely using AI to search"}, {"start": "00:03:28", "end": "00:03:34", "text": "for system weaknesses anywhere they can"}, {"start": "00:03:31", "end": "00:03:37", "text": "find them. One security researcher told"}, {"start": "00:03:34", "end": "00:03:39", "text": "us he's never seen anything like it."}, {"start": "00:03:37", "end": "00:03:41", "text": ">> This news just keeps coming out and it"}, {"start": "00:03:39", "end": "00:03:42", "text": "feels like they're spiraling and it's"}, {"start": "00:03:41", "end": "00:03:45", "text": "very frightening."}, {"start": "00:03:42", "end": "00:03:46", "text": ">> I agree. So, it's not just cyber"}, {"start": "00:03:45", "end": "00:03:48", "text": "attacks. Now, we're getting into"}, {"start": "00:03:46", "end": "00:03:49", "text": "ransomware which is getting even more"}, {"start": "00:03:48", "end": "00:03:51", "text": "efficient. And if you look at this chart"}, {"start": "00:03:49", "end": "00:03:55", "text": "right here from ransomware live, you can"}, {"start": "00:03:51", "end": "00:03:56", "text": "see the 23 and 2024 scores right there"}, {"start": "00:03:55", "end": "00:03:59", "text": "on the green and the blue line, right?"}, {"start": "00:03:56", "end": "00:04:03", "text": "And then you go into 2025 and six, we"}, {"start": "00:03:59", "end": "00:04:05", "text": "are seeing a dramatic increase in the"}, {"start": "00:04:03", "end": "00:04:09", "text": "the amount of ransomware attacks which"}, {"start": "00:04:05", "end": "00:04:11", "text": "of course are being also aided by AI in"}, {"start": "00:04:09", "end": "00:04:13", "text": "a lot of these tool sets. So this is"}, {"start": "00:04:11", "end": "00:04:14", "text": "something that I'm not sure that the"}, {"start": "00:04:13", "end": "00:04:17", "text": "world is ready for, much less some of"}, {"start": "00:04:14", "end": "00:04:19", "text": "these major uh industries. Japan is"}, {"start": "00:04:17", "end": "00:04:20", "text": "getting on the offense, though. What"}, {"start": "00:04:19", "end": "00:04:22", "text": "they're doing is they're authorizing an"}, {"start": "00:04:20", "end": "00:04:24", "text": "offensive cyber operation. This all"}, {"start": "00:04:22", "end": "00:04:26", "text": "started this month. And the way that"}, {"start": "00:04:24", "end": "00:04:29", "text": "they're doing this, it's kind of a"}, {"start": "00:04:26", "end": "00:04:31", "text": "self-defense uh force to conduct"}, {"start": "00:04:29", "end": "00:04:33", "text": "offensive cyber operations. I wonder why"}, {"start": "00:04:31", "end": "00:04:35", "text": "we haven't taken this kind of step right"}, {"start": "00:04:33", "end": "00:04:37", "text": "here in the US. And I'll explain why."}, {"start": "00:04:35", "end": "00:04:39", "text": "Because this is probably going to hit"}, {"start": "00:04:37", "end": "00:04:41", "text": "stateside very soon. Uh this was the"}, {"start": "00:04:39", "end": "00:04:43", "text": "chief cabinet secretary, Manura Kahara."}, {"start": "00:04:41", "end": "00:04:46", "text": "He stated that the nation faces the most"}, {"start": "00:04:43", "end": "00:04:49", "text": "complex national security environment"}, {"start": "00:04:46", "end": "00:04:50", "text": "since World War II. That's how bad this"}, {"start": "00:04:49", "end": "00:04:53", "text": "is. And this is going to be able to"}, {"start": "00:04:50", "end": "00:04:55", "text": "enable pro proactive cyber defense uh"}, {"start": "00:04:53", "end": "00:04:58", "text": "actions. Basically allowing Japan's"}, {"start": "00:04:55", "end": "00:05:01", "text": "police and self-defense forces to attack"}, {"start": "00:04:58", "end": "00:05:04", "text": "and disable infrastructure using this"}, {"start": "00:05:01", "end": "00:05:06", "text": "for cyber attacks. So basically now you"}, {"start": "00:05:04", "end": "00:05:09", "text": "have almost like pre-rime I guess out"}, {"start": "00:05:06", "end": "00:05:12", "text": "there uh going out and trying to attack"}, {"start": "00:05:09", "end": "00:05:14", "text": "installations or technology"}, {"start": "00:05:12", "end": "00:05:16", "text": "infrastructure that's being utilized"}, {"start": "00:05:14", "end": "00:05:19", "text": "which I wonder if there's going to be"}, {"start": "00:05:16", "end": "00:05:21", "text": "any subsequent stoppages of companies"}, {"start": "00:05:19", "end": "00:05:23", "text": "that aren't even aware that this is"}, {"start": "00:05:21", "end": "00:05:25", "text": "going on. So there's going to be a lot"}, {"start": "00:05:23", "end": "00:05:28", "text": "of changes I think here in the very near"}, {"start": "00:05:25", "end": "00:05:30", "text": "future. I want to go to France now"}, {"start": "00:05:28", "end": "00:05:32", "text": "because this isn't just happening in in"}, {"start": "00:05:30", "end": "00:05:34", "text": "Japan and we're going to get into some"}, {"start": "00:05:32", "end": "00:05:36", "text": "Japan good news around crypto, but I"}, {"start": "00:05:34", "end": "00:05:37", "text": "want to go into France because this is"}, {"start": "00:05:36", "end": "00:05:40", "text": "getting into some of the hacks that's"}, {"start": "00:05:37", "end": "00:05:42", "text": "occurring in France that of course are"}, {"start": "00:05:40", "end": "00:05:43", "text": "having a much larger effect. Take a"}, {"start": "00:05:42", "end": "00:05:44", "text": "look."}, {"start": "00:05:43", "end": "00:05:46", "text": ">> Hackers managed to take control of the"}, {"start": "00:05:44", "end": "00:05:49", "text": "thermostats and force them to warm"}, {"start": "00:05:46", "end": "00:05:52", "text": "overnight. Some fires also broke out"}, {"start": "00:05:49", "end": "00:05:54", "text": "according to authorities. Lelair, the"}, {"start": "00:05:52", "end": "00:05:57", "text": "cooperative U group, Monupri, and Kurau"}, {"start": "00:05:54", "end": "00:06:00", "text": "were all affected. The worst hit was"}, {"start": "00:05:57", "end": "00:06:02", "text": "Lemuscater Group with 300 shops. Spoiled"}, {"start": "00:06:00", "end": "00:06:04", "text": "products in this Paris suburb"}, {"start": "00:06:02", "end": "00:06:06", "text": "supermarket are estimated to cost"}, {"start": "00:06:04", "end": "00:06:08", "text": "55,000."}, {"start": "00:06:06", "end": "00:06:10", "text": ">> One store manager in regional France"}, {"start": "00:06:08", "end": "00:06:12", "text": "says his fridges reached 80� and"}, {"start": "00:06:10", "end": "00:06:14", "text": "everything melted."}, {"start": "00:06:12", "end": "00:06:16", "text": ">> It's an enormous loss of produce."}, {"start": "00:06:14", "end": "00:06:19", "text": ">> It's estimated tens of millions in"}, {"start": "00:06:16", "end": "00:06:20", "text": "produce will have been spoiled. To avoid"}, {"start": "00:06:19", "end": "00:06:22", "text": "more attacks, the director has"}, {"start": "00:06:20", "end": "00:06:24", "text": "disconnected the remote operation of the"}, {"start": "00:06:22", "end": "00:06:26", "text": "store's cold units. Switched everything"}, {"start": "00:06:24", "end": "00:06:29", "text": "off and disconnected it all so that"}, {"start": "00:06:26", "end": "00:06:31", "text": "there's no risk of further attacks."}, {"start": "00:06:29", "end": "00:06:33", "text": ">> Could Australian supermarkets be at risk"}, {"start": "00:06:31", "end": "00:06:35", "text": "of coming under similar attacks?"}, {"start": "00:06:33", "end": "00:06:36", "text": ">> Oh, of course. Yeah. No, everyone"}, {"start": "00:06:35", "end": "00:06:37", "text": "everyone around the world's in the same"}, {"start": "00:06:36", "end": "00:06:39", "text": "position. Really?"}, {"start": "00:06:37", "end": "00:06:41", "text": ">> Hundreds if not thousands of other"}, {"start": "00:06:39", "end": "00:06:43", "text": "customers globally that still have not"}, {"start": "00:06:41", "end": "00:06:44", "text": "applied this security update to their"}, {"start": "00:06:43", "end": "00:06:45", "text": "equipment."}, {"start": "00:06:44", "end": "00:06:47", "text": ">> You mentioned your Rivian being subject"}, {"start": "00:06:45", "end": "00:06:50", "text": "to AI cyber attacks. If you are in the"}, {"start": "00:06:47", "end": "00:06:54", "text": "market for a 2012 Honda CRV with"}, {"start": "00:06:50", "end": "00:06:56", "text": "approximately 250,000 mi, let me know"}, {"start": "00:06:54", "end": "00:06:57", "text": "because I can tell you there's not one"}, {"start": "00:06:56", "end": "00:07:00", "text": "computer in that thing. It runs on"}, {"start": "00:06:57", "end": "00:07:02", "text": "Flintstone legs. So, all right. So, the"}, {"start": "00:07:00", "end": "00:07:04", "text": "point being is that we are starting to"}, {"start": "00:07:02", "end": "00:07:06", "text": "see an advancement and now you've got"}, {"start": "00:07:04", "end": "00:07:09", "text": "tools that are enabling these cyber"}, {"start": "00:07:06", "end": "00:07:12", "text": "attackers to essentially leapfrog most"}, {"start": "00:07:09", "end": "00:07:14", "text": "of the attempts of cyber security that's"}, {"start": "00:07:12", "end": "00:07:16", "text": "been put out there. And I think this is"}, {"start": "00:07:14", "end": "00:07:17", "text": "the challenge. Speaking of France, let's"}, {"start": "00:07:16", "end": "00:07:19", "text": "go over to one of the major companies in"}, {"start": "00:07:17", "end": "00:07:21", "text": "the crypto side of things and that is"}, {"start": "00:07:19", "end": "00:07:24", "text": "Ledger based in France. They are"}, {"start": "00:07:21", "end": "00:07:26", "text": "continuing to hit get hit with even more"}, {"start": "00:07:24", "end": "00:07:28", "text": "implants found in Ledger. This one in a"}, {"start": "00:07:26", "end": "00:07:30", "text": "Ledger Flex bought at Singapore airport."}, {"start": "00:07:28", "end": "00:07:32", "text": "And remember guys, this isn't AI"}, {"start": "00:07:30", "end": "00:07:36", "text": "necessarily doing this. This essentially"}, {"start": "00:07:32", "end": "00:07:38", "text": "is intermediaries that are using old"}, {"start": "00:07:36", "end": "00:07:40", "text": "social engineering tactics to be able to"}, {"start": "00:07:38", "end": "00:07:42", "text": "intercept these devices and put them in,"}, {"start": "00:07:40", "end": "00:07:44", "text": "which of course causes this problem. And"}, {"start": "00:07:42", "end": "00:07:45", "text": "the problem is it's like a needle in a"}, {"start": "00:07:44", "end": "00:07:47", "text": "hay stack. We don't know which ones are"}, {"start": "00:07:45", "end": "00:07:49", "text": "affected. So it really affects the"}, {"start": "00:07:47", "end": "00:07:51", "text": "overall performance I think of Ledger."}, {"start": "00:07:49", "end": "00:07:53", "text": "All right. So Ledger came out with"}, {"start": "00:07:51", "end": "00:07:55", "text": "another statement. They also an update"}, {"start": "00:07:53", "end": "00:07:57", "text": "from the cryptobillis investigation. But"}, {"start": "00:07:55", "end": "00:07:59", "text": "remember also this is the second or now"}, {"start": "00:07:57", "end": "00:08:02", "text": "is the second one with the media media"}, {"start": "00:07:59", "end": "00:08:04", "text": "markets uh investigation now that's"}, {"start": "00:08:02", "end": "00:08:07", "text": "going to be underway. All of this"}, {"start": "00:08:04", "end": "00:08:10", "text": "happening right now as we speak. And of"}, {"start": "00:08:07", "end": "00:08:14", "text": "course the Ledger CEO Pascal Gothier"}, {"start": "00:08:10", "end": "00:08:16", "text": "came out doing a little bit of I think"}, {"start": "00:08:14", "end": "00:08:18", "text": "crowd control or at least damage control"}, {"start": "00:08:16", "end": "00:08:20", "text": "to a certain extent. I think the problem"}, {"start": "00:08:18", "end": "00:08:23", "text": "here is going to be how does this affect"}, {"start": "00:08:20", "end": "00:08:24", "text": "ledger overall and let me know what you"}, {"start": "00:08:23", "end": "00:08:26", "text": "guys are doing you know for a crypto"}, {"start": "00:08:24", "end": "00:08:27", "text": "wallet the process that you're taking"}, {"start": "00:08:26", "end": "00:08:29", "text": "because there's people out there right"}, {"start": "00:08:27", "end": "00:08:32", "text": "now that have completely abandoned the"}, {"start": "00:08:29", "end": "00:08:34", "text": "hardware devices and are starting either"}, {"start": "00:08:32", "end": "00:08:36", "text": "one to move back into exchanges software"}, {"start": "00:08:34", "end": "00:08:40", "text": "wallets or you know projects like Tangum"}, {"start": "00:08:36", "end": "00:08:43", "text": "let's go over to Ledgers 4 billion IPO"}, {"start": "00:08:40", "end": "00:08:46", "text": "this was tripling their 2023 valuation"}, {"start": "00:08:43", "end": "00:08:47", "text": "now I think this starts to change and I"}, {"start": "00:08:46", "end": "00:08:49", "text": "am concerned that we are going to see"}, {"start": "00:08:47", "end": "00:08:51", "text": "this across a lot of different companies"}, {"start": "00:08:49", "end": "00:08:53", "text": "that are not even crypto oriented is"}, {"start": "00:08:51", "end": "00:08:56", "text": "that we're going to start to see cyber"}, {"start": "00:08:53", "end": "00:08:59", "text": "attacks and issues occurring that could"}, {"start": "00:08:56", "end": "00:09:00", "text": "start to affect not only what we saw in"}, {"start": "00:08:59", "end": "00:09:03", "text": "France in terms of infrastructure around"}, {"start": "00:09:00", "end": "00:09:04", "text": "food and all sorts of devices. I think"}, {"start": "00:09:03", "end": "00:09:07", "text": "it now gets into the point where it hits"}, {"start": "00:09:04", "end": "00:09:10", "text": "the S&P 500. So be on the on the lookout"}, {"start": "00:09:07", "end": "00:09:12", "text": "now. So much so that they have OpenAI"}, {"start": "00:09:10", "end": "00:09:16", "text": "going out there putting a $1 billion"}, {"start": "00:09:12", "end": "00:09:18", "text": "fund behind cyber defense for water"}, {"start": "00:09:16", "end": "00:09:20", "text": "utilities and community banks. Now, some"}, {"start": "00:09:18", "end": "00:09:22", "text": "of this may be PR. Let me pose one more"}, {"start": "00:09:20", "end": "00:09:24", "text": "question. Let's go back to that headline"}, {"start": "00:09:22", "end": "00:09:26", "text": "right there and let's just reread this"}, {"start": "00:09:24", "end": "00:09:29", "text": "for a second. Open AI puts a billion"}, {"start": "00:09:26", "end": "00:09:31", "text": "behind cyber defense and they target two"}, {"start": "00:09:29", "end": "00:09:33", "text": "areas here. Water utilities and"}, {"start": "00:09:31", "end": "00:09:36", "text": "community banks. Now, community bank"}, {"start": "00:09:33", "end": "00:09:39", "text": "seems like a very convenient statement"}, {"start": "00:09:36", "end": "00:09:42", "text": "there. When you have what we have seen"}, {"start": "00:09:39", "end": "00:09:44", "text": "in the past 2 years, the big bank saying"}, {"start": "00:09:42", "end": "00:09:47", "text": "the community banks aren't capable. This"}, {"start": "00:09:44", "end": "00:09:49", "text": "is where stable coin and dollar flight"}, {"start": "00:09:47", "end": "00:09:51", "text": "is going to occur. Is this just"}, {"start": "00:09:49", "end": "00:09:53", "text": "something that's going to continue to"}, {"start": "00:09:51", "end": "00:09:56", "text": "push more and more people into"}, {"start": "00:09:53", "end": "00:09:58", "text": "centralized systems out there? Pay"}, {"start": "00:09:56", "end": "00:10:00", "text": "attention guys. It's not your money if"}, {"start": "00:09:58", "end": "00:10:03", "text": "you put it in a bank. Uh just to give"}, {"start": "00:10:00", "end": "00:10:07", "text": "you an example of where these hot zones"}, {"start": "00:10:03", "end": "00:10:09", "text": "are. You'll notice right here is Japan"}, {"start": "00:10:07", "end": "00:10:11", "text": "flashing red right there. You'll notice"}, {"start": "00:10:09", "end": "00:10:13", "text": "it right there on the hot zone maps here"}, {"start": "00:10:11", "end": "00:10:15", "text": "on Radwware. This is the live threat map"}, {"start": "00:10:13", "end": "00:10:18", "text": "for cyber attacks. Next up, you've got"}, {"start": "00:10:15", "end": "00:10:21", "text": "France and Germany also being hit. And"}, {"start": "00:10:18", "end": "00:10:24", "text": "then you have the United States also"}, {"start": "00:10:21", "end": "00:10:26", "text": "flashing red in terms of web attacks"}, {"start": "00:10:24", "end": "00:10:28", "text": "that are starting to accelerate. Okay."}, {"start": "00:10:26", "end": "00:10:30", "text": "So you can you can kind of see this is a"}, {"start": "00:10:28", "end": "00:10:33", "text": "challenge that I think the industry uh"}, {"start": "00:10:30", "end": "00:10:36", "text": "when I say industry business is going to"}, {"start": "00:10:33", "end": "00:10:38", "text": "face uh in a big way. So what does Wells"}, {"start": "00:10:36", "end": "00:10:40", "text": "Fargo do? Well, they go out right in the"}, {"start": "00:10:38", "end": "00:10:42", "text": "middle of all this and say they're going"}, {"start": "00:10:40", "end": "00:10:45", "text": "to go in and prepare for a potential"}, {"start": "00:10:42", "end": "00:10:48", "text": "crypto stablecoin opportunity in the US."}, {"start": "00:10:45", "end": "00:10:50", "text": "I implore that some of these banks who"}, {"start": "00:10:48", "end": "00:10:53", "text": "are not ready, Wells Fargo is not ready"}, {"start": "00:10:50", "end": "00:10:56", "text": "for this unfortunately. this could give"}, {"start": "00:10:53", "end": "00:10:59", "text": "crypto a bad name if we see a major bank"}, {"start": "00:10:56", "end": "00:11:01", "text": "take a hit. In some cases, I wonder if"}, {"start": "00:10:59", "end": "00:11:02", "text": "that's constructed into some sort of"}, {"start": "00:11:01", "end": "00:11:04", "text": "narrative. These are the kind of things"}, {"start": "00:11:02", "end": "00:11:06", "text": "I'm watching very closely. And I do not"}, {"start": "00:11:04", "end": "00:11:08", "text": "agree. I don't think banks should be"}, {"start": "00:11:06", "end": "00:11:10", "text": "doing this. It should be tuned in to"}, {"start": "00:11:08", "end": "00:11:12", "text": "companies like Circle, even Tether and"}, {"start": "00:11:10", "end": "00:11:13", "text": "other stable coin companies that really"}, {"start": "00:11:12", "end": "00:11:14", "text": "understand this. And then the neo banks"}, {"start": "00:11:13", "end": "00:11:16", "text": "that have been operating in this"}, {"start": "00:11:14", "end": "00:11:20", "text": "understand the security layers that need"}, {"start": "00:11:16", "end": "00:11:22", "text": "to be there. Now, Bill Gates came out"}, {"start": "00:11:20", "end": "00:11:24", "text": "and um it's kind of interesting because"}, {"start": "00:11:22", "end": "00:11:26", "text": "I don't often agree with him, but I"}, {"start": "00:11:24", "end": "00:11:30", "text": "might agree with him on this. Take a"}, {"start": "00:11:26", "end": "00:11:32", "text": "look. The front that we'll probably see"}, {"start": "00:11:30", "end": "00:11:35", "text": "most dramatically in the next year is"}, {"start": "00:11:32", "end": "00:11:39", "text": "cyber attacks because there there's a"}, {"start": "00:11:35", "end": "00:11:41", "text": "known business model or you you know"}, {"start": "00:11:39", "end": "00:11:44", "text": "create a disruption that changes"}, {"start": "00:11:41", "end": "00:11:47", "text": "something in the stock market or some uh"}, {"start": "00:11:44", "end": "00:11:49", "text": "betting thing that you go and do. The"}, {"start": "00:11:47", "end": "00:11:52", "text": "real danger right now is not the AI's"}, {"start": "00:11:49", "end": "00:11:56", "text": "getting out of control. We need to work"}, {"start": "00:11:52", "end": "00:11:59", "text": "on that, but that's uh years away in"}, {"start": "00:11:56", "end": "00:12:03", "text": "terms of the the big impact that might"}, {"start": "00:11:59", "end": "00:12:05", "text": "have. It's really bad people using AI,"}, {"start": "00:12:03", "end": "00:12:08", "text": "particularly in AI where you can take"}, {"start": "00:12:05", "end": "00:12:11", "text": "out all the safeguards. you know, we put"}, {"start": "00:12:08", "end": "00:12:14", "text": "in safeguards to try and avoid you doing"}, {"start": "00:12:11", "end": "00:12:16", "text": "cyber attacks, but right now you're"}, {"start": "00:12:14", "end": "00:12:19", "text": "allowed to take all those safeguards"}, {"start": "00:12:16", "end": "00:12:21", "text": "out. That's where over the next year,"}, {"start": "00:12:19", "end": "00:12:25", "text": "primarily in the Siberia, we are going"}, {"start": "00:12:21", "end": "00:12:27", "text": "to have a a a lot of negative surprises."}, {"start": "00:12:25", "end": "00:12:29", "text": ">> Sam Alman, it sounds like would suggest"}, {"start": "00:12:27", "end": "00:12:34", "text": "that you are falling into the trap of"}, {"start": "00:12:29", "end": "00:12:34", "text": "dumerism. How would you respond?"}, {"start": "00:12:35", "end": "00:12:38", "text": ">> [laughter]"}, {"start": "00:12:35", "end": "00:12:41", "text": ">> Point being here guys is that uh this I"}, {"start": "00:12:38", "end": "00:12:43", "text": "think he is right on that. I do think we"}, {"start": "00:12:41", "end": "00:12:46", "text": "are going to deal more with on a cyber"}, {"start": "00:12:43", "end": "00:12:48", "text": "warfare level than we are right now"}, {"start": "00:12:46", "end": "00:12:50", "text": "directly with AI actually becoming you"}, {"start": "00:12:48", "end": "00:12:52", "text": "know killer robots. But it does put"}, {"start": "00:12:50", "end": "00:12:53", "text": "something I think out there that many of"}, {"start": "00:12:52", "end": "00:12:56", "text": "you need to be aware of. And that is"}, {"start": "00:12:53", "end": "00:12:59", "text": "that sometimes you just overextend what"}, {"start": "00:12:56", "end": "00:13:01", "text": "you're doing online without any security"}, {"start": "00:12:59", "end": "00:13:03", "text": "at all because you've kind of given up"}, {"start": "00:13:01", "end": "00:13:05", "text": "privacy to a certain extent. And what I"}, {"start": "00:13:03", "end": "00:13:08", "text": "would suggest to any of you is one of"}, {"start": "00:13:05", "end": "00:13:10", "text": "course get a really good VPN. Two is get"}, {"start": "00:13:08", "end": "00:13:12", "text": "off of Gmail, get off of these"}, {"start": "00:13:10", "end": "00:13:14", "text": "centralized mail servers, get into"}, {"start": "00:13:12", "end": "00:13:17", "text": "something that starts to protect you."}, {"start": "00:13:14", "end": "00:13:19", "text": "Even go into secured uh third party"}, {"start": "00:13:17", "end": "00:13:21", "text": "messaging apps. I mean, there's several"}, {"start": "00:13:19", "end": "00:13:23", "text": "of those out there. Signal, threma, all"}, {"start": "00:13:21", "end": "00:13:25", "text": "of those for super secure because"}, {"start": "00:13:23", "end": "00:13:27", "text": "sometimes when you're transmitting just"}, {"start": "00:13:25", "end": "00:13:29", "text": "messages that you think are not being"}, {"start": "00:13:27", "end": "00:13:32", "text": "watched or pulled in, all of that kind"}, {"start": "00:13:29", "end": "00:13:34", "text": "of data is a target vector for a cyber"}, {"start": "00:13:32", "end": "00:13:37", "text": "attack. And that's when we start to see"}, {"start": "00:13:34", "end": "00:13:39", "text": "social engineering take place like what"}, {"start": "00:13:37", "end": "00:13:41", "text": "we see right now in Japan, which where"}, {"start": "00:13:39", "end": "00:13:43", "text": "it's really starting to affect just"}, {"start": "00:13:41", "end": "00:13:45", "text": "general everyday citizens. So, think of"}, {"start": "00:13:43", "end": "00:13:46", "text": "that. Jumping back to Japan, because"}, {"start": "00:13:45", "end": "00:13:48", "text": "there's a lot of crypto updates that are"}, {"start": "00:13:46", "end": "00:13:50", "text": "underway here. One of them, as you guys"}, {"start": "00:13:48", "end": "00:13:53", "text": "know, we had Backpack on not too long"}, {"start": "00:13:50", "end": "00:13:55", "text": "ago. They have just announced a new hire"}, {"start": "00:13:53", "end": "00:13:57", "text": "as head of strategy and corporate"}, {"start": "00:13:55", "end": "00:14:00", "text": "development in Backpack of Japan. This"}, {"start": "00:13:57", "end": "00:14:02", "text": "means that they are underway. Few have"}, {"start": "00:14:00", "end": "00:14:05", "text": "navigated the Japanese crypto regulatory"}, {"start": "00:14:02", "end": "00:14:08", "text": "landscape as extensively as this guy who"}, {"start": "00:14:05", "end": "00:14:10", "text": "they got from Kraken. Remember, Backpack"}, {"start": "00:14:08", "end": "00:14:13", "text": "is one of the Mika regulated oriented"}, {"start": "00:14:10", "end": "00:14:15", "text": "exchanges that is I think maybe next"}, {"start": "00:14:13", "end": "00:14:17", "text": "generation. So, pay attention to what"}, {"start": "00:14:15", "end": "00:14:19", "text": "Backpack is doing there. further into"}, {"start": "00:14:17", "end": "00:14:20", "text": "it. If you just look at what backpacks"}, {"start": "00:14:19", "end": "00:14:22", "text": "doing been doing on the charts, right,"}, {"start": "00:14:20", "end": "00:14:23", "text": "there is the one year, guys. This has"}, {"start": "00:14:22", "end": "00:14:26", "text": "been something that has absolutely"}, {"start": "00:14:23", "end": "00:14:29", "text": "exploded. I'm interested in this one"}, {"start": "00:14:26", "end": "00:14:32", "text": "only in the sense that it does something"}, {"start": "00:14:29", "end": "00:14:33", "text": "that in many cases, yes, there's KYC, so"}, {"start": "00:14:32", "end": "00:14:34", "text": "I'm going to get that in the comments. I"}, {"start": "00:14:33", "end": "00:14:37", "text": "understand that. But the point is is"}, {"start": "00:14:34", "end": "00:14:39", "text": "it's a next generation KYC that I think"}, {"start": "00:14:37", "end": "00:14:41", "text": "will replace how banks and maybe even"}, {"start": "00:14:39", "end": "00:14:44", "text": "centralized exchanges are going to"}, {"start": "00:14:41", "end": "00:14:47", "text": "operate. So, pay attention there. Etho"}, {"start": "00:14:44", "end": "00:14:49", "text": "also on the move here. onchain IP asset"}, {"start": "00:14:47", "end": "00:14:53", "text": "and license registries. Now a new"}, {"start": "00:14:49", "end": "00:14:55", "text": "proposal out there ERC 8432. One note"}, {"start": "00:14:53", "end": "00:14:56", "text": "right here is that this is Sony right"}, {"start": "00:14:55", "end": "00:14:58", "text": "there. Let me kind of zoom in on that"}, {"start": "00:14:56", "end": "00:15:01", "text": "for you. Uh and they are supporting"}, {"start": "00:14:58", "end": "00:15:03", "text": "this. So obviously Sony Sony one of the"}, {"start": "00:15:01", "end": "00:15:06", "text": "biggest IP holders out there. And what"}, {"start": "00:15:03", "end": "00:15:08", "text": "it does for you is very critical. Look"}, {"start": "00:15:06", "end": "00:15:10", "text": "at this. It's bigger than you think."}, {"start": "00:15:08", "end": "00:15:12", "text": "Sonium is pushing IP beyond simply"}, {"start": "00:15:10", "end": "00:15:14", "text": "putting assets on chains. These are the"}, {"start": "00:15:12", "end": "00:15:16", "text": "things that are going to be oriented"}, {"start": "00:15:14", "end": "00:15:20", "text": "within 8432. Creators define the rights."}, {"start": "00:15:16", "end": "00:15:22", "text": "License becomes readable on chain. Huge."}, {"start": "00:15:20", "end": "00:15:24", "text": "And then agents can now understand what"}, {"start": "00:15:22", "end": "00:15:26", "text": "they're allowed to use. This is a big"}, {"start": "00:15:24", "end": "00:15:28", "text": "deal because this has been one of the"}, {"start": "00:15:26", "end": "00:15:30", "text": "biggest concerns for IP holders out"}, {"start": "00:15:28", "end": "00:15:33", "text": "there is that agents are just going to"}, {"start": "00:15:30", "end": "00:15:36", "text": "run a muck and utilize protected IP"}, {"start": "00:15:33", "end": "00:15:38", "text": "material. And this may be the key. And"}, {"start": "00:15:36", "end": "00:15:40", "text": "this is all happening on Ethereum. So,"}, {"start": "00:15:38", "end": "00:15:43", "text": "another good uh benefit for what's going"}, {"start": "00:15:40", "end": "00:15:46", "text": "on within uh ETH. This is another one"}, {"start": "00:15:43", "end": "00:15:47", "text": "big concern right here with Midnight."}, {"start": "00:15:46", "end": "00:15:50", "text": "This of course related to Cardano. This"}, {"start": "00:15:47", "end": "00:15:53", "text": "could supercharge adoption in Japan with"}, {"start": "00:15:50", "end": "00:15:57", "text": "private payment for POSOS point of sale"}, {"start": "00:15:53", "end": "00:16:00", "text": "and how it's integrated into the JPY"}, {"start": "00:15:57", "end": "00:16:02", "text": "coin is very critical because Japan is"}, {"start": "00:16:00", "end": "00:16:03", "text": "making major moves and to try to get"}, {"start": "00:16:02", "end": "00:16:05", "text": "adoption on that. I'll show you that in"}, {"start": "00:16:03", "end": "00:16:08", "text": "a second. Charles Hoskinson was out"}, {"start": "00:16:05", "end": "00:16:11", "text": "there of course uh doing something very"}, {"start": "00:16:08", "end": "00:16:13", "text": "specific to Japan which was creating"}, {"start": "00:16:11", "end": "00:16:17", "text": "essentially a new smart contract called"}, {"start": "00:16:13", "end": "00:16:20", "text": "night frames. So going directly at"}, {"start": "00:16:17", "end": "00:16:21", "text": "payments in Japan pretty big deal in"}, {"start": "00:16:20", "end": "00:16:23", "text": "terms of what this could be. Let me show"}, {"start": "00:16:21", "end": "00:16:26", "text": "you something though. This you have to"}, {"start": "00:16:23", "end": "00:16:27", "text": "go in and actually uh convert this to"}, {"start": "00:16:26", "end": "00:16:29", "text": "English to understand what they're"}, {"start": "00:16:27", "end": "00:16:32", "text": "doing. But this is happening right now."}, {"start": "00:16:29", "end": "00:16:34", "text": "This is like the uh FTC, the Fair Trade"}, {"start": "00:16:32", "end": "00:16:37", "text": "Commission uh in Japan. And what they're"}, {"start": "00:16:34", "end": "00:16:39", "text": "looking at is activity and use of stable"}, {"start": "00:16:37", "end": "00:16:41", "text": "coins in point of sale. So cashless"}, {"start": "00:16:39", "end": "00:16:42", "text": "payment market. If you look at some of"}, {"start": "00:16:41", "end": "00:16:44", "text": "the things I want to highlight, one is"}, {"start": "00:16:42", "end": "00:16:45", "text": "this right here. We have received"}, {"start": "00:16:44", "end": "00:16:49", "text": "concerns from participating stores that"}, {"start": "00:16:45", "end": "00:16:52", "text": "giving preferential treatment to JPYC"}, {"start": "00:16:49", "end": "00:16:54", "text": "payments may result in violations of the"}, {"start": "00:16:52", "end": "00:16:56", "text": "merchant regulations and there have been"}, {"start": "00:16:54", "end": "00:16:57", "text": "many instances where we they have"}, {"start": "00:16:56", "end": "00:16:59", "text": "hesitated to implement preferential"}, {"start": "00:16:57", "end": "00:17:00", "text": "treatment. So, let me kind of explain"}, {"start": "00:16:59", "end": "00:17:02", "text": "this for you. You're going out, you're"}, {"start": "00:17:00", "end": "00:17:04", "text": "going and you're getting a Starbucks,"}, {"start": "00:17:02", "end": "00:17:06", "text": "right? Visa goes out there and says,"}, {"start": "00:17:04", "end": "00:17:08", "text": "\"Hey, you need to use the dollar instead"}, {"start": "00:17:06", "end": "00:17:11", "text": "of USDC if that were the case. Here,"}, {"start": "00:17:08", "end": "00:17:13", "text": "it's JPYC.\" And instead, Visa says,"}, {"start": "00:17:11", "end": "00:17:15", "text": "\"Hey, you can't do that. You can't give"}, {"start": "00:17:13", "end": "00:17:18", "text": "benefits to your customers because of"}, {"start": "00:17:15", "end": "00:17:20", "text": "this right here. Look, they can"}, {"start": "00:17:18", "end": "00:17:22", "text": "confidentially implement preferential"}, {"start": "00:17:20", "end": "00:17:24", "text": "treatment measures such as discounts,"}, {"start": "00:17:22", "end": "00:17:26", "text": "free shipping for customers who use"}, {"start": "00:17:24", "end": "00:17:28", "text": "JPYC.\" So that means that these"}, {"start": "00:17:26", "end": "00:17:31", "text": "retailers are out there trying to"}, {"start": "00:17:28", "end": "00:17:33", "text": "actively move to that system. Further"}, {"start": "00:17:31", "end": "00:17:35", "text": "into the article was this right here. If"}, {"start": "00:17:33", "end": "00:17:37", "text": "they don't comply, and I'm talking about"}, {"start": "00:17:35", "end": "00:17:39", "text": "Visa type type of companies, these"}, {"start": "00:17:37", "end": "00:17:42", "text": "payment network rails. If they don't"}, {"start": "00:17:39", "end": "00:17:45", "text": "comply, product could become an antirust"}, {"start": "00:17:42", "end": "00:17:48", "text": "issue. So think about that. You now are"}, {"start": "00:17:45", "end": "00:17:52", "text": "dealing with a battle between the point"}, {"start": "00:17:48", "end": "00:17:53", "text": "of sale and the type of payment that you"}, {"start": "00:17:52", "end": "00:17:55", "text": "can actually use because they want,"}, {"start": "00:17:53", "end": "00:17:56", "text": "guess what? They want those merchant"}, {"start": "00:17:55", "end": "00:17:58", "text": "fees. This is something we've talked"}, {"start": "00:17:56", "end": "00:18:00", "text": "about"}, {"start": "00:17:58", "end": "00:18:02", "text": "at, you know, an extent, I think, maybe"}, {"start": "00:18:00", "end": "00:18:04", "text": "more than most shows out there, but we"}, {"start": "00:18:02", "end": "00:18:06", "text": "talk about it a lot because it is, I"}, {"start": "00:18:04", "end": "00:18:07", "text": "think, at some point going to be an"}, {"start": "00:18:06", "end": "00:18:09", "text": "issue that's going to be raised here,"}, {"start": "00:18:07", "end": "00:18:12", "text": "even here in the US. Here is Japan"}, {"start": "00:18:09", "end": "00:18:16", "text": "talking about JPYC, and they're"}, {"start": "00:18:12", "end": "00:18:20", "text": "advancing it to the masses. Take a look."}, {"start": "00:18:16", "end": "00:18:20", "text": ">> I will deliver one yen."}, {"start": "00:18:23", "end": "00:18:25", "text": ">> [music]"}, {"start": "00:18:27", "end": "00:18:30", "text": "[music]"}, {"start": "00:18:28", "end": "00:18:33", "text": ">> I delivered one."}, {"start": "00:18:30", "end": "00:18:36", "text": ">> Oh no. If it were JPYC, it would have"}, {"start": "00:18:33", "end": "00:18:36", "text": "been immediate."}, {"start": "00:18:40", "end": "00:18:45", "text": ">> Packing was unnecessary."}, {"start": "00:18:42", "end": "00:18:48", "text": ">> I understand guys, maybe not into anime,"}, {"start": "00:18:45", "end": "00:18:50", "text": "but Japanese people are. and they're"}, {"start": "00:18:48", "end": "00:18:52", "text": "doing it at a younger audience which is"}, {"start": "00:18:50", "end": "00:18:54", "text": "the audience that's using using digital"}, {"start": "00:18:52", "end": "00:18:56", "text": "payments more and more. This only"}, {"start": "00:18:54", "end": "00:19:00", "text": "affects one thing and that is Japan"}, {"start": "00:18:56", "end": "00:19:02", "text": "becoming a major sector player in the"}, {"start": "00:19:00", "end": "00:19:04", "text": "market. So why is all this important?"}, {"start": "00:19:02", "end": "00:19:06", "text": "Well, here's a good example of it right"}, {"start": "00:19:04", "end": "00:19:07", "text": "here. This was uh on Kai Chain. They"}, {"start": "00:19:06", "end": "00:19:10", "text": "were talking about the regulated yen"}, {"start": "00:19:07", "end": "00:19:12", "text": "already in circulation. Next, it needs"}, {"start": "00:19:10", "end": "00:19:16", "text": "somewhere to trade. That means the rest"}, {"start": "00:19:12", "end": "00:19:19", "text": "of Asia. Here's an example. uh ratio FX"}, {"start": "00:19:16", "end": "00:19:22", "text": "signed an MOU anou memorandum of"}, {"start": "00:19:19", "end": "00:19:24", "text": "understanding with JPYC okay this is the"}, {"start": "00:19:22", "end": "00:19:26", "text": "issue of Japan's FSA approved JPY"}, {"start": "00:19:24", "end": "00:19:29", "text": "stablecoin circle okay think of it that"}, {"start": "00:19:26", "end": "00:19:32", "text": "way to explore collaboration in"}, {"start": "00:19:29", "end": "00:19:35", "text": "stablecoin FX crossber payments and"}, {"start": "00:19:32", "end": "00:19:37", "text": "digital asset infrastructure basically"}, {"start": "00:19:35", "end": "00:19:39", "text": "setting up all of Asia to start to"}, {"start": "00:19:37", "end": "00:19:42", "text": "utilize this big deal going forward here"}, {"start": "00:19:39", "end": "00:19:45", "text": "is a video that explains it a little bit"}, {"start": "00:19:42", "end": "00:19:45", "text": "more this is John Chu going at Take a"}, {"start": "00:19:45", "end": "00:19:48", "text": "look."}, {"start": "00:19:45", "end": "00:19:50", "text": ">> There have been no frameworks or legal"}, {"start": "00:19:48", "end": "00:19:52", "text": "guidelines around what local stable"}, {"start": "00:19:50", "end": "00:19:54", "text": "coins can and can't do. But once those"}, {"start": "00:19:52", "end": "00:19:55", "text": "are in place, I think we will see a lot"}, {"start": "00:19:54", "end": "00:19:58", "text": "of transition of existing stable coin"}, {"start": "00:19:55", "end": "00:20:00", "text": "infrastructure in Asia move to local"}, {"start": "00:19:58", "end": "00:20:02", "text": "stable coins because there's a lot of"}, {"start": "00:20:00", "end": "00:20:04", "text": "cost savings especially for that last"}, {"start": "00:20:02", "end": "00:20:05", "text": "smile aspect of on and off ramps."}, {"start": "00:20:04", "end": "00:20:07", "text": ">> Who's going to win the stable coin race"}, {"start": "00:20:05", "end": "00:20:11", "text": "on this side of the world? Um I've seen"}, {"start": "00:20:07", "end": "00:20:12", "text": "a lot of movement um shift away from I"}, {"start": "00:20:11", "end": "00:20:14", "text": "have to be careful but shift away from"}, {"start": "00:20:12", "end": "00:20:17", "text": "Singapore to Hong Kong. Definitely Hong"}, {"start": "00:20:14", "end": "00:20:20", "text": "Kong is well positioned to become the"}, {"start": "00:20:17", "end": "00:20:22", "text": "digital asset hub of Asia largely"}, {"start": "00:20:20", "end": "00:20:25", "text": "because Hong Kong is also the settlement"}, {"start": "00:20:22", "end": "00:20:27", "text": "gate for mainland China. Um so yeah I"}, {"start": "00:20:25", "end": "00:20:29", "text": "think Hong Kong will come out like"}, {"start": "00:20:27", "end": "00:20:30", "text": "pretty strong um once all the local"}, {"start": "00:20:29", "end": "00:20:32", "text": "stable coins are out there. It's"}, {"start": "00:20:30", "end": "00:20:36", "text": "important because you have to look at"}, {"start": "00:20:32", "end": "00:20:38", "text": "Asia and Japan as essentially an epic"}, {"start": "00:20:36", "end": "00:20:40", "text": "battle that is occurring right now."}, {"start": "00:20:38", "end": "00:20:42", "text": "Who's going to control the Asian market?"}, {"start": "00:20:40", "end": "00:20:45", "text": "And the reason is Hong Kong is now going"}, {"start": "00:20:42", "end": "00:20:48", "text": "to license crypto brokers, custodians,"}, {"start": "00:20:45", "end": "00:20:51", "text": "advisors, and it's really setting up to"}, {"start": "00:20:48", "end": "00:20:54", "text": "overtake the entire market, which is"}, {"start": "00:20:51", "end": "00:20:58", "text": "what we missed here in the US because of"}, {"start": "00:20:54", "end": "00:20:59", "text": "political corruption. Not getting"}, {"start": "00:20:58", "end": "00:21:01", "text": "clarity act through or not getting a"}, {"start": "00:20:59", "end": "00:21:03", "text": "framework through that would be"}, {"start": "00:21:01", "end": "00:21:05", "text": "acceptable for many of these kinds of"}, {"start": "00:21:03", "end": "00:21:08", "text": "people in the finance sector. That is"}, {"start": "00:21:05", "end": "00:21:10", "text": "the problem. And now Hong Kong laying up"}, {"start": "00:21:08", "end": "00:21:12", "text": "into a position where they could start"}, {"start": "00:21:10", "end": "00:21:13", "text": "to challenge Japan of course putting up"}, {"start": "00:21:12", "end": "00:21:16", "text": "a fight here I think in going forward as"}, {"start": "00:21:13", "end": "00:21:18", "text": "well. So watch that one very closely."}, {"start": "00:21:16", "end": "00:21:22", "text": "And all of this boils down to one other"}, {"start": "00:21:18", "end": "00:21:25", "text": "thing. Here's a major chain doing a"}, {"start": "00:21:22", "end": "00:21:28", "text": "fullblown event not not in Hong Kong in"}, {"start": "00:21:25", "end": "00:21:31", "text": "China. It all starts this week. This is"}, {"start": "00:21:28", "end": "00:21:33", "text": "Salana and look at this the cities. This"}, {"start": "00:21:31", "end": "00:21:36", "text": "is not again not Hong Kong. That's"}, {"start": "00:21:33", "end": "00:21:39", "text": "Shanghai, Hanghao, Shenzen, Beijing. All"}, {"start": "00:21:36", "end": "00:21:42", "text": "of those are in mainland China. This is"}, {"start": "00:21:39", "end": "00:21:44", "text": "the country that banned Bitcoin mining"}, {"start": "00:21:42", "end": "00:21:47", "text": "in 2021 and pretty much wrecked the"}, {"start": "00:21:44", "end": "00:21:49", "text": "market. Is something happening now where"}, {"start": "00:21:47", "end": "00:21:53", "text": "we're starting to see a battle brewing"}, {"start": "00:21:49", "end": "00:21:55", "text": "in the east? Stay tuned."}, {"start": "00:21:53", "end": "00:21:55", "text": "[music]"}, {"start": "00:21:57", "end": "00:22:01", "text": "[music] If you like this video, hit like"}, {"start": "00:21:59", "end": "00:22:03", "text": "and subscribe. Drop a comment down below"}, {"start": "00:22:01", "end": "00:22:08", "text": "and also join our free private member"}, {"start": "00:22:03", "end": "00:22:08", "text": "group. The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Stablecoins are on the rise. Today,"}, {"start": "00:00:01", "end": "00:00:05", "text": "we're going to be breaking down both"}, {"start": "00:00:03", "end": "00:00:06", "text": "Circle and Ripple to take a look at"}, {"start": "00:00:05", "end": "00:00:09", "text": "what's going on in this market cuz this"}, {"start": "00:00:06", "end": "00:00:11", "text": "may lead to something much bigger. So,"}, {"start": "00:00:09", "end": "00:00:12", "text": "stay tuned. Before we get started, I"}, {"start": "00:00:11", "end": "00:00:14", "text": "want to thank our sponsor, and that's"}, {"start": "00:00:12", "end": "00:00:17", "text": "Ether.fi, where you guys can earn cash"}, {"start": "00:00:14", "end": "00:00:19", "text": "back as well as doing tokenized stock"}, {"start": "00:00:17", "end": "00:00:22", "text": "trades. All of this is available over on"}, {"start": "00:00:19", "end": "00:00:24", "text": "ether.fi. Be smart money. A ton of"}, {"start": "00:00:22", "end": "00:00:26", "text": "features built for every asset. You get"}, {"start": "00:00:24", "end": "00:00:29", "text": "to spend on this. There's a whole slew"}, {"start": "00:00:26", "end": "00:00:31", "text": "of personal and business core platforms"}, {"start": "00:00:29", "end": "00:00:34", "text": "that you can use, whether you get into"}, {"start": "00:00:31", "end": "00:00:36", "text": "making it kind of your own new bank, or"}, {"start": "00:00:34", "end": "00:00:38", "text": "whether or not you want to use this as a"}, {"start": "00:00:36", "end": "00:00:41", "text": "business platform, or even lux up and"}, {"start": "00:00:38", "end": "00:00:43", "text": "get into some of the better uh yielding"}, {"start": "00:00:41", "end": "00:00:45", "text": "platforms that are out there. So, check"}, {"start": "00:00:43", "end": "00:00:47", "text": "out Ether.fi. All you have to do is"}, {"start": "00:00:45", "end": "00:00:49", "text": "visit it ether.fi.com. Use our link down"}, {"start": "00:00:47", "end": "00:00:50", "text": "below. It's going to get you set up, and"}, {"start": "00:00:49", "end": "00:00:53", "text": "you guys can get started where you can"}, {"start": "00:00:50", "end": "00:00:55", "text": "get away from the banks. Now, I want to"}, {"start": "00:00:53", "end": "00:00:57", "text": "go over and start with this tweet right"}, {"start": "00:00:55", "end": "00:01:00", "text": "here. This, of course, is Vitalik"}, {"start": "00:00:57", "end": "00:01:03", "text": "talking about kit cryptography and"}, {"start": "00:01:00", "end": "00:01:04", "text": "securing crypto may have a lot of hidden"}, {"start": "00:01:03", "end": "00:01:07", "text": "flaws. And the thing he is concerned"}, {"start": "00:01:04", "end": "00:01:08", "text": "about right now is that the bots can"}, {"start": "00:01:07", "end": "00:01:11", "text": "eventually get in on this. And this is"}, {"start": "00:01:08", "end": "00:01:15", "text": "what we are seeing more and more"}, {"start": "00:01:11", "end": "00:01:17", "text": "exploits within crypto, but it also is a"}, {"start": "00:01:15", "end": "00:01:18", "text": "potential where crypto can start to"}, {"start": "00:01:17", "end": "00:01:20", "text": "address this, which I think we're going"}, {"start": "00:01:18", "end": "00:01:22", "text": "to see exploits in the traditional"}, {"start": "00:01:20", "end": "00:01:24", "text": "markets, and I'll talk about that. That"}, {"start": "00:01:22", "end": "00:01:26", "text": "is where I think the vector is going to"}, {"start": "00:01:24", "end": "00:01:28", "text": "be. In fact, this is a good example"}, {"start": "00:01:26", "end": "00:01:31", "text": "right here. Now, we've got hackers going"}, {"start": "00:01:28", "end": "00:01:33", "text": "after everything from fridges, you name"}, {"start": "00:01:31", "end": "00:01:35", "text": "it. I think the problem eventually is"}, {"start": "00:01:33", "end": "00:01:37", "text": "going to be anything that is connected"}, {"start": "00:01:35", "end": "00:01:38", "text": "is going to have a problem. That"}, {"start": "00:01:37", "end": "00:01:40", "text": "includes bank accounts and things of"}, {"start": "00:01:38", "end": "00:01:43", "text": "that nature. So, we are dealing with a"}, {"start": "00:01:40", "end": "00:01:46", "text": "new era around bots and what that might"}, {"start": "00:01:43", "end": "00:01:48", "text": "look like. And that is the problem right"}, {"start": "00:01:46", "end": "00:01:51", "text": "now. I want to go to this uh particular"}, {"start": "00:01:48", "end": "00:01:53", "text": "story here. This is the biggest hack in"}, {"start": "00:01:51", "end": "00:01:55", "text": "crypto history that never happened. And"}, {"start": "00:01:53", "end": "00:01:58", "text": "this was in reference to"}, {"start": "00:01:55", "end": "00:02:00", "text": "XRP. And the issue was that AI"}, {"start": "00:01:58", "end": "00:02:03", "text": "discovered a vulnerability that let"}, {"start": "00:02:00", "end": "00:02:05", "text": "anyone mint infinite tokens on XRP. And"}, {"start": "00:02:03", "end": "00:02:08", "text": "here was the kicker that you have to pay"}, {"start": "00:02:05", "end": "00:02:10", "text": "attention to was the timeline. This was"}, {"start": "00:02:08", "end": "00:02:11", "text": "the incident response timeline that came"}, {"start": "00:02:10", "end": "00:02:15", "text": "up on this."}, {"start": "00:02:11", "end": "00:02:16", "text": "The initial report back at the in 2026"}, {"start": "00:02:15", "end": "00:02:18", "text": "in September."}, {"start": "00:02:16", "end": "00:02:20", "text": "And this was during the attackathon"}, {"start": "00:02:18", "end": "00:02:23", "text": "event. The bug was confirmed on"}, {"start": "00:02:20", "end": "00:02:26", "text": "September 18th. So basically a month"}, {"start": "00:02:23", "end": "00:02:29", "text": "later up by October 9th, that's when the"}, {"start": "00:02:26", "end": "00:02:32", "text": "actual report was published and the"}, {"start": "00:02:29", "end": "00:02:35", "text": "public vulnerability disclosure. So 30"}, {"start": "00:02:32", "end": "00:02:37", "text": "days in is how long it took the team to"}, {"start": "00:02:35", "end": "00:02:39", "text": "be able to address it, be able to"}, {"start": "00:02:37", "end": "00:02:41", "text": "announce this. Those are the kind of"}, {"start": "00:02:39", "end": "00:02:43", "text": "things I feel like just cannot happen"}, {"start": "00:02:41", "end": "00:02:45", "text": "especially when you're talking about a"}, {"start": "00:02:43", "end": "00:02:48", "text": "company like Ripple and especially with"}, {"start": "00:02:45", "end": "00:02:50", "text": "what's going on the XRP ledger. Things"}, {"start": "00:02:48", "end": "00:02:53", "text": "that look around on this, of course you"}, {"start": "00:02:50", "end": "00:02:55", "text": "had 473 mil in XRP hitting the Nasdaq"}, {"start": "00:02:53", "end": "00:02:58", "text": "today and that is coming through"}, {"start": "00:02:55", "end": "00:03:01", "text": "Evernode which is now trading on XRP and"}, {"start": "00:02:58", "end": "00:03:03", "text": "this was huge news. I had Ashish on not"}, {"start": "00:03:01", "end": "00:03:06", "text": "too long ago and this I think will"}, {"start": "00:03:03", "end": "00:03:09", "text": "continue to be an interesting issue"}, {"start": "00:03:06", "end": "00:03:12", "text": "because now you've got a very publicly"}, {"start": "00:03:09", "end": "00:03:15", "text": "oriented company trading on the public"}, {"start": "00:03:12", "end": "00:03:17", "text": "stock exchange that is correlated"}, {"start": "00:03:15", "end": "00:03:19", "text": "directly to XRP and this is where I"}, {"start": "00:03:17", "end": "00:03:22", "text": "think things need to pay"}, {"start": "00:03:19", "end": "00:03:24", "text": "very close attention. One thing that"}, {"start": "00:03:22", "end": "00:03:26", "text": "Jack McDonald said right here was that"}, {"start": "00:03:24", "end": "00:03:30", "text": "stable coins are on the fly and he's"}, {"start": "00:03:26", "end": "00:03:32", "text": "talking about bringing together RLUSD"}, {"start": "00:03:30", "end": "00:03:34", "text": "on the XRP ledger. This of course was"}, {"start": "00:03:32", "end": "00:03:36", "text": "linked to Standard Chartered's custody"}, {"start": "00:03:34", "end": "00:03:38", "text": "capabilities and the LMAX Group. This"}, {"start": "00:03:36", "end": "00:03:40", "text": "was news that just came out. They are"}, {"start": "00:03:38", "end": "00:03:42", "text": "now in prime time. Not only with what's"}, {"start": "00:03:40", "end": "00:03:43", "text": "going on with Evernode, but you also"}, {"start": "00:03:42", "end": "00:03:46", "text": "have with Standard Chartered going into"}, {"start": "00:03:43", "end": "00:03:50", "text": "this. All of this is now putting Ripple"}, {"start": "00:03:46", "end": "00:03:51", "text": "at a heavy risk appetite I think in"}, {"start": "00:03:50", "end": "00:03:53", "text": "general because you're going to have"}, {"start": "00:03:51", "end": "00:03:55", "text": "investors coming in and you're also"}, {"start": "00:03:53", "end": "00:03:57", "text": "going to have people targeting this. So,"}, {"start": "00:03:55", "end": "00:03:59", "text": "this is a concern right now. The other"}, {"start": "00:03:57", "end": "00:04:02", "text": "thing I look at is just some of the"}, {"start": "00:03:59", "end": "00:04:04", "text": "data. If you look at the XRP ledger,"}, {"start": "00:04:02", "end": "00:04:07", "text": "this is an example of TVL and what's"}, {"start": "00:04:04", "end": "00:04:10", "text": "happened is it has absolutely flatlined"}, {"start": "00:04:07", "end": "00:04:13", "text": "versus the rest of stablecoin market cap"}, {"start": "00:04:10", "end": "00:04:14", "text": "that has continued to climb. And this is"}, {"start": "00:04:13", "end": "00:04:16", "text": "the thing. I think a lot of people are"}, {"start": "00:04:14", "end": "00:04:19", "text": "concerned that we are not seeing a lot"}, {"start": "00:04:16", "end": "00:04:21", "text": "of activity in terms of the XRP ledger."}, {"start": "00:04:19", "end": "00:04:23", "text": "Here, of course, is Bitcoin has a"}, {"start": "00:04:21", "end": "00:04:26", "text": "similar track of just not a lot of"}, {"start": "00:04:23", "end": "00:04:29", "text": "activity on the chain. There is Ethereum"}, {"start": "00:04:26", "end": "00:04:32", "text": "starting to to edge up, obviously from"}, {"start": "00:04:29", "end": "00:04:34", "text": "right there back in 2020 explosion, bear"}, {"start": "00:04:32", "end": "00:04:36", "text": "market, and then growth again. Then you"}, {"start": "00:04:34", "end": "00:04:39", "text": "go into the winner of what I think will"}, {"start": "00:04:36", "end": "00:04:41", "text": "be this bull run is going to be Solana,"}, {"start": "00:04:39", "end": "00:04:43", "text": "especially as it's tied to anything that"}, {"start": "00:04:41", "end": "00:04:46", "text": "is stablecoin oriented, which, of"}, {"start": "00:04:43", "end": "00:04:48", "text": "course, is USDC as the leader there."}, {"start": "00:04:46", "end": "00:04:51", "text": "Absolutely just been growing since"}, {"start": "00:04:48", "end": "00:04:55", "text": "pretty much December of 2023. One thing"}, {"start": "00:04:51", "end": "00:04:57", "text": "that did happen is when you look at rUSD"}, {"start": "00:04:55", "end": "00:04:59", "text": "and where its performance has been,"}, {"start": "00:04:57", "end": "00:05:01", "text": "right here it looked as though it was a"}, {"start": "00:04:59", "end": "00:05:05", "text": "possibility. This was back in August,"}, {"start": "00:05:01", "end": "00:05:09", "text": "where Ethereum actually went under in"}, {"start": "00:05:05", "end": "00:05:11", "text": "terms of XRP rUSD primarily. And that is"}, {"start": "00:05:09", "end": "00:05:13", "text": "the point I'm getting at because right"}, {"start": "00:05:11", "end": "00:05:16", "text": "after that"}, {"start": "00:05:13", "end": "00:05:17", "text": "we've got rUSD flying on Ethereum. And"}, {"start": "00:05:16", "end": "00:05:20", "text": "why is that? Why are we starting to see"}, {"start": "00:05:17", "end": "00:05:23", "text": "this kind of exposure right now, where"}, {"start": "00:05:20", "end": "00:05:25", "text": "rUSD is being used mostly there? So,"}, {"start": "00:05:23", "end": "00:05:27", "text": "let's look at this cuz I think there are"}, {"start": "00:05:25", "end": "00:05:28", "text": "some opportunities here for Ripple. I"}, {"start": "00:05:27", "end": "00:05:29", "text": "think there's some opportunities for"}, {"start": "00:05:28", "end": "00:05:31", "text": "anybody really out there if you're"}, {"start": "00:05:29", "end": "00:05:33", "text": "operating a chain. If you go in and look"}, {"start": "00:05:31", "end": "00:05:36", "text": "at this, people are willing"}, {"start": "00:05:33", "end": "00:05:39", "text": "to actually go to other chains if"}, {"start": "00:05:36", "end": "00:05:40", "text": "there's one key, and that is paying"}, {"start": "00:05:39", "end": "00:05:43", "text": "yields on this. And you can kind of see"}, {"start": "00:05:40", "end": "00:05:45", "text": "it right here with Robinhood exploding,"}, {"start": "00:05:43", "end": "00:05:48", "text": "especially on USDG. And the reason was"}, {"start": "00:05:45", "end": "00:05:51", "text": "is Robinhood exposed out there USDG"}, {"start": "00:05:48", "end": "00:05:53", "text": "rewards and yield, which is now 7%."}, {"start": "00:05:51", "end": "00:05:55", "text": "Those are the kind of things that"}, {"start": "00:05:53", "end": "00:05:58", "text": "holders will do. And I think we're going"}, {"start": "00:05:55", "end": "00:06:01", "text": "to see more and more of this very"}, {"start": "00:05:58", "end": "00:06:02", "text": "competitively, but it may center around"}, {"start": "00:06:01", "end": "00:06:05", "text": "Circle. Now, I want to go over to a clip"}, {"start": "00:06:02", "end": "00:06:07", "text": "real quick. And this will get into"}, {"start": "00:06:05", "end": "00:06:10", "text": "Monica Long talking about"}, {"start": "00:06:07", "end": "00:06:11", "text": "that this may or may not been that big a"}, {"start": "00:06:10", "end": "00:06:14", "text": "deal. Take a look."}, {"start": "00:06:11", "end": "00:06:17", "text": ">> Uh I would say to the people saying"}, {"start": "00:06:14", "end": "00:06:19", "text": "there's nothing going on in XRP Ledger,"}, {"start": "00:06:17", "end": "00:06:23", "text": "uh First Ledger, Dopler Finance, Zaman,"}, {"start": "00:06:19", "end": "00:06:26", "text": "Flare, uh Braza Bank, Just Token. I can"}, {"start": "00:06:23", "end": "00:06:28", "text": "keep going. Aviva Investors, DBS. And if"}, {"start": "00:06:26", "end": "00:06:29", "text": "you look at like the RWA charts, it's"}, {"start": "00:06:28", "end": "00:06:33", "text": "considered the number four chain for"}, {"start": "00:06:29", "end": "00:06:34", "text": "RWAs. So, the proof is in the pudding."}, {"start": "00:06:33", "end": "00:06:35", "text": ">> There is There's a lot of names on"}, {"start": "00:06:34", "end": "00:06:37", "text": "there, and I would agree there are a lot"}, {"start": "00:06:35", "end": "00:06:39", "text": "of names on there. The problem is we're"}, {"start": "00:06:37", "end": "00:06:41", "text": "not seeing any activity on that. And"}, {"start": "00:06:39", "end": "00:06:43", "text": "that's the issue I think that is facing"}, {"start": "00:06:41", "end": "00:06:46", "text": "users today. If you go to the RWA league"}, {"start": "00:06:43", "end": "00:06:48", "text": "table, it's it's not the number four"}, {"start": "00:06:46", "end": "00:06:49", "text": "unless this is at a different time, but"}, {"start": "00:06:48", "end": "00:06:52", "text": "right now Stellar is holding the number"}, {"start": "00:06:49", "end": "00:06:54", "text": "four slot right behind Solana. And XRP"}, {"start": "00:06:52", "end": "00:06:58", "text": "Ledger is holding the number 10 slot."}, {"start": "00:06:54", "end": "00:07:00", "text": "So, a small asset class comparison to"}, {"start": "00:06:58", "end": "00:07:02", "text": "what the overall with Ethereum is. So,"}, {"start": "00:07:00", "end": "00:07:05", "text": "RWA I don't think is going to be the"}, {"start": "00:07:02", "end": "00:07:07", "text": "answer here for XRP Ledger if something"}, {"start": "00:07:05", "end": "00:07:10", "text": "major does not change. And I think this"}, {"start": "00:07:07", "end": "00:07:12", "text": "is all going to boil down to yields and"}, {"start": "00:07:10", "end": "00:07:14", "text": "also developer activity that eventually"}, {"start": "00:07:12", "end": "00:07:16", "text": "is going to play out on this. Now, I"}, {"start": "00:07:14", "end": "00:07:17", "text": "want to go over to the Circle chart and"}, {"start": "00:07:16", "end": "00:07:19", "text": "show you something here because this was"}, {"start": "00:07:17", "end": "00:07:21", "text": "pretty much the bottom right here after"}, {"start": "00:07:19", "end": "00:07:23", "text": "that earnings. We got the earnings bump."}, {"start": "00:07:21", "end": "00:07:26", "text": "Then of course, Circle exploded right up"}, {"start": "00:07:23", "end": "00:07:28", "text": "there to 100 bucks. It slid back down to"}, {"start": "00:07:26", "end": "00:07:30", "text": "around 83. And this may be an"}, {"start": "00:07:28", "end": "00:07:32", "text": "opportunity when you start to look at"}, {"start": "00:07:30", "end": "00:07:34", "text": "the Circle chart. And I'll show you guys"}, {"start": "00:07:32", "end": "00:07:37", "text": "something long-term here and what that"}, {"start": "00:07:34", "end": "00:07:39", "text": "might be. One of the reasons, of course,"}, {"start": "00:07:37", "end": "00:07:42", "text": "is what's happening with Ark. Now, Ark"}, {"start": "00:07:39", "end": "00:07:44", "text": "has launched also an AI studio. This is"}, {"start": "00:07:42", "end": "00:07:47", "text": "going to be interesting because it will"}, {"start": "00:07:44", "end": "00:07:49", "text": "start to launch a lot of different tools"}, {"start": "00:07:47", "end": "00:07:52", "text": "that will be available. So, let's"}, {"start": "00:07:49", "end": "00:07:54", "text": "compare Circle and what's happening with"}, {"start": "00:07:52", "end": "00:07:55", "text": "Ripple right now cuz Ripple I would"}, {"start": "00:07:54", "end": "00:07:57", "text": "agree that they're building on the"}, {"start": "00:07:55", "end": "00:07:59", "text": "TradFi rail system. That is something"}, {"start": "00:07:57", "end": "00:08:01", "text": "that is definitely going to be"}, {"start": "00:07:59", "end": "00:08:02", "text": "happening. Circle is doing the same"}, {"start": "00:08:01", "end": "00:08:04", "text": "thing. The one thing that Circle is"}, {"start": "00:08:02", "end": "00:08:07", "text": "doing though is they are starting to"}, {"start": "00:08:04", "end": "00:08:09", "text": "enter the new economy and that is"}, {"start": "00:08:07", "end": "00:08:12", "text": "building anything on chain and getting"}, {"start": "00:08:09", "end": "00:08:14", "text": "ready for a GENTIC. I think this is the"}, {"start": "00:08:12", "end": "00:08:16", "text": "step that we are going to see more and"}, {"start": "00:08:14", "end": "00:08:19", "text": "more companies taking and it's kind of"}, {"start": "00:08:16", "end": "00:08:20", "text": "interesting because remember Circle"}, {"start": "00:08:19", "end": "00:08:22", "text": "the first public traded company that"}, {"start": "00:08:20", "end": "00:08:24", "text": "eventually is going to be looking at"}, {"start": "00:08:22", "end": "00:08:26", "text": "launching a token. Imagine how this"}, {"start": "00:08:24", "end": "00:08:28", "text": "might work cuz you could look at Ripple"}, {"start": "00:08:26", "end": "00:08:30", "text": "and you'd have to flip the process cuz"}, {"start": "00:08:28", "end": "00:08:31", "text": "that hasn't happened yet. Part of that"}, {"start": "00:08:30", "end": "00:08:34", "text": "valuation right now is still held in"}, {"start": "00:08:31", "end": "00:08:37", "text": "XRP. So, think about that and then look"}, {"start": "00:08:34", "end": "00:08:40", "text": "at what Circle's future could look like."}, {"start": "00:08:37", "end": "00:08:43", "text": "Here is a waitlist project right now."}, {"start": "00:08:40", "end": "00:08:44", "text": "This is building agents"}, {"start": "00:08:43", "end": "00:08:46", "text": "for of all sorts of private workflows"}, {"start": "00:08:44", "end": "00:08:48", "text": "for you and me. And the thing that is"}, {"start": "00:08:46", "end": "00:08:49", "text": "going to happen, I hope this actually"}, {"start": "00:08:48", "end": "00:08:52", "text": "launches and when it does, it'll be"}, {"start": "00:08:49", "end": "00:08:53", "text": "interesting. I think this is what is the"}, {"start": "00:08:52", "end": "00:08:55", "text": "future of where we're going to see"}, {"start": "00:08:53", "end": "00:08:57", "text": "agents and that is just going out"}, {"start": "00:08:55", "end": "00:08:59", "text": "building small micro apps, getting the"}, {"start": "00:08:57", "end": "00:09:02", "text": "best yield for me, doing my bill pay,"}, {"start": "00:08:59", "end": "00:09:04", "text": "handling things like my tax advisory."}, {"start": "00:09:02", "end": "00:09:06", "text": "These are the kind of things I think"}, {"start": "00:09:04", "end": "00:09:08", "text": "this is going to shift the whole idea of"}, {"start": "00:09:06", "end": "00:09:10", "text": "how software is used, how it's built."}, {"start": "00:09:08", "end": "00:09:11", "text": "That's a bigger question and it's a"}, {"start": "00:09:10", "end": "00:09:14", "text": "bigger topic we probably should cover on"}, {"start": "00:09:11", "end": "00:09:16", "text": "another video, but it gets into where"}, {"start": "00:09:14", "end": "00:09:18", "text": "Circle is heading and that is the future"}, {"start": "00:09:16", "end": "00:09:20", "text": "overall. Take a look at ARK. That only"}, {"start": "00:09:18", "end": "00:09:23", "text": "validates it right there. I mean, this"}, {"start": "00:09:20", "end": "00:09:25", "text": "thing has absolutely skyrocketed up to"}, {"start": "00:09:23", "end": "00:09:29", "text": "almost a half a billion versus what we"}, {"start": "00:09:25", "end": "00:09:31", "text": "have seen with XRP ledger and of course"}, {"start": "00:09:29", "end": "00:09:33", "text": "AR LUSD. So, to me"}, {"start": "00:09:31", "end": "00:09:35", "text": "this is the only play I think when you"}, {"start": "00:09:33", "end": "00:09:38", "text": "look at stable coins right now. And it's"}, {"start": "00:09:35", "end": "00:09:41", "text": "not just that. Let's take a look at some"}, {"start": "00:09:38", "end": "00:09:43", "text": "of the validator cohort that they're"}, {"start": "00:09:41", "end": "00:09:45", "text": "courting right here. You got BlackRock,"}, {"start": "00:09:43", "end": "00:09:48", "text": "DTCC, Galaxy in there, Standard"}, {"start": "00:09:45", "end": "00:09:51", "text": "Chartered, Sumitomo, Visa. All of these"}, {"start": "00:09:48", "end": "00:09:52", "text": "playing into the hand of what Jeremy"}, {"start": "00:09:51", "end": "00:09:55", "text": "Allaire is pushing. All right, so I want"}, {"start": "00:09:52", "end": "00:09:56", "text": "to show you a clip here because this is"}, {"start": "00:09:55", "end": "00:09:58", "text": "this was Steve Kurz. He was on our show"}, {"start": "00:09:56", "end": "00:10:01", "text": "not too long ago. And we were asking"}, {"start": "00:09:58", "end": "00:10:03", "text": "about what was going on in Jeremy's, you"}, {"start": "00:10:01", "end": "00:10:05", "text": "know, presentation and how Circle was"}, {"start": "00:10:03", "end": "00:10:07", "text": "addressing the market. And he even"}, {"start": "00:10:05", "end": "00:10:09", "text": "Galaxy Digital was concerned that there"}, {"start": "00:10:07", "end": "00:10:12", "text": "was going to be pressure from all these"}, {"start": "00:10:09", "end": "00:10:13", "text": "different places. And in retrospect,"}, {"start": "00:10:12", "end": "00:10:16", "text": "what we're seeing is they're actually"}, {"start": "00:10:13", "end": "00:10:18", "text": "using Arc now as part of their strategy."}, {"start": "00:10:16", "end": "00:10:19", "text": "So, watch this clip."}, {"start": "00:10:18", "end": "00:10:21", "text": ">> Uh Visa, MasterCard, Stripe, and"}, {"start": "00:10:19", "end": "00:10:24", "text": "Coinbase are reportedly reportedly"}, {"start": "00:10:21", "end": "00:10:25", "text": "partnering on a new stablecoin platform."}, {"start": "00:10:24", "end": "00:10:29", "text": "Don't believe everything you read in the"}, {"start": "00:10:25", "end": "00:10:31", "text": "news. The track record of consortium"}, {"start": "00:10:29", "end": "00:10:32", "text": "coins, none of them have worked. And any"}, {"start": "00:10:31", "end": "00:10:34", "text": "distribution that they've gotten,"}, {"start": "00:10:32", "end": "00:10:35", "text": "they've had to pay subsidies. So, these"}, {"start": "00:10:34", "end": "00:10:38", "text": "are actually money-losing products for"}, {"start": "00:10:35", "end": "00:10:40", "text": "those companies that are subscale. And"}, {"start": "00:10:38", "end": "00:10:42", "text": "you look at the data, all these other"}, {"start": "00:10:40", "end": "00:10:45", "text": "stablecoins and all of their transaction"}, {"start": "00:10:42", "end": "00:10:46", "text": "volume rounded to zero."}, {"start": "00:10:45", "end": "00:10:47", "text": "And don't believe everything you read in"}, {"start": "00:10:46", "end": "00:10:49", "text": "the news."}, {"start": "00:10:47", "end": "00:10:50", "text": "Uh I'm not sure about the don't believe,"}, {"start": "00:10:49", "end": "00:10:52", "text": "you know, what you hear. I'm sure there"}, {"start": "00:10:50", "end": "00:10:53", "text": "there are a lot of consortium"}, {"start": "00:10:52", "end": "00:10:55", "text": "conversations that are happening."}, {"start": "00:10:53", "end": "00:10:57", "text": ">> All right, so that was Steve and I going"}, {"start": "00:10:55", "end": "00:10:58", "text": "at it or in reference to that cuz I was"}, {"start": "00:10:57", "end": "00:11:00", "text": "kind of defending against Circle. And"}, {"start": "00:10:58", "end": "00:11:03", "text": "then of course, if you look at Visa's"}, {"start": "00:11:00", "end": "00:11:05", "text": "own chain analytics, you can kind of see"}, {"start": "00:11:03", "end": "00:11:08", "text": "right there. The winner is clear. It's"}, {"start": "00:11:05", "end": "00:11:10", "text": "USDC and not by a little. It's by a long"}, {"start": "00:11:08", "end": "00:11:12", "text": "shot. Let me kind of zoom in on that for"}, {"start": "00:11:10", "end": "00:11:13", "text": "you guys so you can see these numbers."}, {"start": "00:11:12", "end": "00:11:17", "text": "That's the numbers you're talking about."}, {"start": "00:11:13", "end": "00:11:19", "text": "41 billion in USDC versus USDD. This is"}, {"start": "00:11:17", "end": "00:11:21", "text": "in the lending protocol side, which I"}, {"start": "00:11:19", "end": "00:11:23", "text": "think is going to be the greater thing"}, {"start": "00:11:21", "end": "00:11:26", "text": "to track here. All the way down to PYUSD"}, {"start": "00:11:23", "end": "00:11:28", "text": "at only 421 million. And when you look"}, {"start": "00:11:26", "end": "00:11:31", "text": "at even USDDG, I mean, you can kind of"}, {"start": "00:11:28", "end": "00:11:32", "text": "see, guys, this is this is not even a"}, {"start": "00:11:31", "end": "00:11:34", "text": "horse race right now with what's"}, {"start": "00:11:32", "end": "00:11:36", "text": "happening with Circle. So, the"}, {"start": "00:11:34", "end": "00:11:37", "text": "opportunity is pretty big. All right, so"}, {"start": "00:11:36", "end": "00:11:40", "text": "let's do something here. Let's do a"}, {"start": "00:11:37", "end": "00:11:43", "text": "comparison over on market cap of Let's"}, {"start": "00:11:40", "end": "00:11:45", "text": "compare Circle and XRP. If you look at"}, {"start": "00:11:43", "end": "00:11:47", "text": "the token versus where Circle is right"}, {"start": "00:11:45", "end": "00:11:51", "text": "now, market cap and this is now at about"}, {"start": "00:11:47", "end": "00:11:54", "text": "a 3.8 x performance. Let's compare that"}, {"start": "00:11:51", "end": "00:11:56", "text": "at the all-time high. Changes things"}, {"start": "00:11:54", "end": "00:12:00", "text": "dramatically. Now you're talking about a"}, {"start": "00:11:56", "end": "00:12:03", "text": "10x performance in just the performance"}, {"start": "00:12:00", "end": "00:12:05", "text": "of where Circle is and would be if it"}, {"start": "00:12:03", "end": "00:12:08", "text": "continues to move in the direction that"}, {"start": "00:12:05", "end": "00:12:11", "text": "we're seeing it, which is playing into"}, {"start": "00:12:08", "end": "00:12:12", "text": "almost every major market out there and"}, {"start": "00:12:11", "end": "00:12:14", "text": "really, I think the future, which is"}, {"start": "00:12:12", "end": "00:12:16", "text": "going to be a gentle commerce and where"}, {"start": "00:12:14", "end": "00:12:20", "text": "that plays in. All right, so let's take"}, {"start": "00:12:16", "end": "00:12:22", "text": "a look at the Q1 2025"}, {"start": "00:12:20", "end": "00:12:24", "text": "uh XRP markets report. And this is an"}, {"start": "00:12:22", "end": "00:12:26", "text": "interesting date cuz something happened"}, {"start": "00:12:24", "end": "00:12:29", "text": "here. And what happened was this right"}, {"start": "00:12:26", "end": "00:12:31", "text": "here. Ripple's transparency"}, {"start": "00:12:29", "end": "00:12:33", "text": "has been used against the company most"}, {"start": "00:12:31", "end": "00:12:34", "text": "notably for for by the former SEC"}, {"start": "00:12:33", "end": "00:12:36", "text": "leadership, but that's gone, guys."}, {"start": "00:12:34", "end": "00:12:38", "text": "That's out of the way. And then after"}, {"start": "00:12:36", "end": "00:12:41", "text": "careful consideration, Ripple made the"}, {"start": "00:12:38", "end": "00:12:44", "text": "decision to sunset the report in its"}, {"start": "00:12:41", "end": "00:12:47", "text": "current form starting in Q2 '25. This is"}, {"start": "00:12:44", "end": "00:12:48", "text": "a concern. When you have people that are"}, {"start": "00:12:47", "end": "00:12:50", "text": "sunsetting these transparency reports,"}, {"start": "00:12:48", "end": "00:12:53", "text": "which I think Ripple should bring these"}, {"start": "00:12:50", "end": "00:12:55", "text": "back. If you bring these back, then it"}, {"start": "00:12:53", "end": "00:12:57", "text": "gives the holders an understanding of"}, {"start": "00:12:55", "end": "00:12:59", "text": "where this company is heading. More"}, {"start": "00:12:57", "end": "00:13:01", "text": "importantly, the assets that it holds"}, {"start": "00:12:59", "end": "00:13:04", "text": "cuz those are very very closely tied to"}, {"start": "00:13:01", "end": "00:13:07", "text": "the performance of XRP the token. So,"}, {"start": "00:13:04", "end": "00:13:09", "text": "let's go take a look at at Ripple's"}, {"start": "00:13:07", "end": "00:13:11", "text": "pre-IPO valuation and and their funding"}, {"start": "00:13:09", "end": "00:13:13", "text": "rounds. And remember, they did a recent"}, {"start": "00:13:11", "end": "00:13:16", "text": "raise. And normally when you get these"}, {"start": "00:13:13", "end": "00:13:17", "text": "raise raises where the valuation is"}, {"start": "00:13:16", "end": "00:13:19", "text": "remember, a company can set their"}, {"start": "00:13:17", "end": "00:13:21", "text": "valuation what they ever want. It's the"}, {"start": "00:13:19", "end": "00:13:23", "text": "market that sets the price."}, {"start": "00:13:21", "end": "00:13:25", "text": "And what has happened is that when these"}, {"start": "00:13:23", "end": "00:13:29", "text": "raises occurred, we actually saw a"}, {"start": "00:13:25", "end": "00:13:31", "text": "deduction in the XRP price. So, the"}, {"start": "00:13:29", "end": "00:13:33", "text": "market spoke. It says it's no, it's not"}, {"start": "00:13:31", "end": "00:13:36", "text": "worth that. So, and remember that this"}, {"start": "00:13:33", "end": "00:13:39", "text": "is also a situation where Ripple is"}, {"start": "00:13:36", "end": "00:13:41", "text": "continuously selling tokens into these"}, {"start": "00:13:39", "end": "00:13:43", "text": "kinds of things. So, at some point this"}, {"start": "00:13:41", "end": "00:13:46", "text": "is going to change in terms of the"}, {"start": "00:13:43", "end": "00:13:48", "text": "market or they've got to use this money"}, {"start": "00:13:46", "end": "00:13:50", "text": "to be able to drive the XRP price in"}, {"start": "00:13:48", "end": "00:13:52", "text": "some way. So, be thinking about that."}, {"start": "00:13:50", "end": "00:13:54", "text": "So, let let's go over because this is"}, {"start": "00:13:52", "end": "00:13:57", "text": "the thing that I think a lot of the"}, {"start": "00:13:54", "end": "00:14:01", "text": "market is not completely getting. This"}, {"start": "00:13:57", "end": "00:14:02", "text": "is an example of the worst time to sell"}, {"start": "00:14:01", "end": "00:14:05", "text": "Circle. This is I think one of the worst"}, {"start": "00:14:02", "end": "00:14:07", "text": "trades that we've seen just yet."}, {"start": "00:14:05", "end": "00:14:08", "text": "And the reason why is even more"}, {"start": "00:14:07", "end": "00:14:11", "text": "astonishing. Take a look."}, {"start": "00:14:08", "end": "00:14:14", "text": ">> My first stock sale in a very long"}, {"start": "00:14:11", "end": "00:14:17", "text": "period of time has gone out. Circle"}, {"start": "00:14:14", "end": "00:14:19", "text": "stock, did take a small haircut on this."}, {"start": "00:14:17", "end": "00:14:21", "text": "So, it sold around 61, cost basis around"}, {"start": "00:14:19", "end": "00:14:24", "text": "the 70-ish number."}, {"start": "00:14:21", "end": "00:14:28", "text": "Um oh well. Uh the Federal Reserve's"}, {"start": "00:14:24", "end": "00:14:31", "text": "FedNow system has the real potential of"}, {"start": "00:14:28", "end": "00:14:33", "text": "destroying the need for instantaneous"}, {"start": "00:14:31", "end": "00:14:36", "text": "24/7"}, {"start": "00:14:33", "end": "00:14:39", "text": "uh transactions from stablecoins. FedNow"}, {"start": "00:14:36", "end": "00:14:41", "text": "cuts it out. Instantaneous peer-to-peer"}, {"start": "00:14:39", "end": "00:14:42", "text": "payments. And I'm not trying to shill"}, {"start": "00:14:41", "end": "00:14:44", "text": "for the Fed, you know, it's not like I'm"}, {"start": "00:14:42", "end": "00:14:44", "text": "a"}, {"start": "00:14:45", "end": "00:14:47", "text": ">> [laughter]"}, {"start": "00:14:48", "end": "00:14:52", "text": ">> All right. So, um"}, {"start": "00:14:50", "end": "00:14:55", "text": "let's go compare here cuz this is FedNow"}, {"start": "00:14:52", "end": "00:14:57", "text": "versus USDC. You're talking about US"}, {"start": "00:14:55", "end": "00:15:00", "text": "versus global. The market is much"}, {"start": "00:14:57", "end": "00:15:03", "text": "bigger. We're also talking about 24/7"}, {"start": "00:15:00", "end": "00:15:06", "text": "anywhere, anytime. Cost is"}, {"start": "00:15:03", "end": "00:15:08", "text": "fractional, if that. Finality is"}, {"start": "00:15:06", "end": "00:15:11", "text": "immediate. And of course, you only need"}, {"start": "00:15:08", "end": "00:15:13", "text": "a wallet for USDC. This is by far the"}, {"start": "00:15:11", "end": "00:15:15", "text": "winner and will be the winner. FedNow is"}, {"start": "00:15:13", "end": "00:15:18", "text": "not even going to be a close"}, {"start": "00:15:15", "end": "00:15:20", "text": "100th compared to where USDC and Circle"}, {"start": "00:15:18", "end": "00:15:22", "text": "is going to be heading. And when you"}, {"start": "00:15:20", "end": "00:15:25", "text": "look at it right here just in terms of"}, {"start": "00:15:22", "end": "00:15:27", "text": "the chart, this was poor Meet Kevin. I'm"}, {"start": "00:15:25", "end": "00:15:28", "text": "sorry, Meet Kevin, but that was a bad"}, {"start": "00:15:27", "end": "00:15:31", "text": "time for being moving there. I mean,"}, {"start": "00:15:28", "end": "00:15:33", "text": "you're up 40% and that's after the dip."}, {"start": "00:15:31", "end": "00:15:35", "text": "If you were to take it and sell it out"}, {"start": "00:15:33", "end": "00:15:38", "text": "at the right time, you would have been"}, {"start": "00:15:35", "end": "00:15:42", "text": "up almost 70% on that high trading at"}, {"start": "00:15:38", "end": "00:15:44", "text": "about 100 bucks for Circle. So, I think"}, {"start": "00:15:42", "end": "00:15:46", "text": "though that this is still a trade and"}, {"start": "00:15:44", "end": "00:15:48", "text": "it's one that we're going to be watching"}, {"start": "00:15:46", "end": "00:15:50", "text": "very closely. That's where Circle has"}, {"start": "00:15:48", "end": "00:15:55", "text": "been, right there at the top at about"}, {"start": "00:15:50", "end": "00:15:59", "text": "300 bucks. And that was before adoption,"}, {"start": "00:15:55", "end": "00:16:01", "text": "regulation, alignment, and now RWA and"}, {"start": "00:15:59", "end": "00:16:03", "text": "what we will all see, I think, for the"}, {"start": "00:16:01", "end": "00:16:05", "text": "future, which is agentic commerce. And"}, {"start": "00:16:03", "end": "00:16:08", "text": "of course, that is all going to be on"}, {"start": "00:16:05", "end": "00:16:10", "text": "USDC, which of course is riding on"}, {"start": "00:16:08", "end": "00:16:12", "text": "Ethereum and that is why, guys, those"}, {"start": "00:16:10", "end": "00:16:13", "text": "are the two biggest plays out there."}, {"start": "00:16:12", "end": "00:16:15", "text": "Just to go back to that FedNow"}, {"start": "00:16:13", "end": "00:16:16", "text": "comparison right there, it was saying 13"}, {"start": "00:16:15", "end": "00:16:18", "text": "seconds on Solana. This, of course, was"}, {"start": "00:16:16", "end": "00:16:21", "text": "wrong. This is the chart that we're"}, {"start": "00:16:18", "end": "00:16:23", "text": "looking at right now on speed when it"}, {"start": "00:16:21", "end": "00:16:25", "text": "comes to transaction. And now, what"}, {"start": "00:16:23", "end": "00:16:28", "text": "we're talking about is literally 150"}, {"start": "00:16:25", "end": "00:16:30", "text": "milliseconds. That's right, 150"}, {"start": "00:16:28", "end": "00:16:32", "text": "milliseconds finality. Not live yet, but"}, {"start": "00:16:30", "end": "00:16:33", "text": "that's the kind of thing this we are"}, {"start": "00:16:32", "end": "00:16:37", "text": "going to see. Right now, it's sitting on"}, {"start": "00:16:33", "end": "00:16:40", "text": "the first full epoch that averaged 218"}, {"start": "00:16:37", "end": "00:16:42", "text": "milliseconds. A far cry from 13 seconds"}, {"start": "00:16:40", "end": "00:16:45", "text": "and it's only going to get faster and"}, {"start": "00:16:42", "end": "00:16:47", "text": "Solana being one of the major chains, of"}, {"start": "00:16:45", "end": "00:16:50", "text": "course, trading and USDC is the"}, {"start": "00:16:47", "end": "00:16:52", "text": "stablecoin for Solana. All this makes"}, {"start": "00:16:50", "end": "00:16:54", "text": "sense because it's looking at the future"}, {"start": "00:16:52", "end": "00:16:56", "text": "of where digital transactions are going"}, {"start": "00:16:54", "end": "00:16:59", "text": "to occur. And then, it's going to look"}, {"start": "00:16:56", "end": "00:17:02", "text": "at all the products and projects"}, {"start": "00:16:59", "end": "00:17:04", "text": "and I think innovations that are going"}, {"start": "00:17:02", "end": "00:17:06", "text": "to be built on these kind of chains. And"}, {"start": "00:17:04", "end": "00:17:08", "text": "I think AI is just going to be the"}, {"start": "00:17:06", "end": "00:17:10", "text": "beginning of it. Agentic is going to"}, {"start": "00:17:08", "end": "00:17:11", "text": "explode it and that is the future of"}, {"start": "00:17:10", "end": "00:17:14", "text": "where a lot of this is going. So, stay"}, {"start": "00:17:11", "end": "00:17:14", "text": "tuned on this."}, {"start": "00:17:14", "end": "00:17:16", "text": ">> [music]"}, {"start": "00:17:19", "end": "00:17:22", "text": ">> If you like this video, hit like and"}, {"start": "00:17:21", "end": "00:17:25", "text": "subscribe. Drop a comment [music] down"}, {"start": "00:17:22", "end": "00:17:26", "text": "below, and also join our free private"}, {"start": "00:17:25", "end": "00:17:29", "text": "member group. The link is in the"}, {"start": "00:17:26", "end": "00:17:29", "text": "description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "All right, guys. We're going to jump"}, {"start": "00:00:01", "end": "00:00:05", "text": "into taxes today. First of all, do not"}, {"start": "00:00:03", "end": "00:00:07", "text": "stop watching because there are some big"}, {"start": "00:00:05", "end": "00:00:09", "text": "things happening that you don't want to"}, {"start": "00:00:07", "end": "00:00:11", "text": "miss. Uh we're going to jump right into"}, {"start": "00:00:09", "end": "00:00:12", "text": "it with two guests. They're going to"}, {"start": "00:00:11", "end": "00:00:15", "text": "break this down for you because there's"}, {"start": "00:00:12", "end": "00:00:17", "text": "some bad things that are happening or"}, {"start": "00:00:15", "end": "00:00:18", "text": "could be happening around crypto taxes."}, {"start": "00:00:17", "end": "00:00:20", "text": "But before we do that, I want to thank"}, {"start": "00:00:18", "end": "00:00:22", "text": "our sponsor and that's it Capital where"}, {"start": "00:00:20", "end": "00:00:24", "text": "you guys can get into your own crypto"}, {"start": "00:00:22", "end": "00:00:26", "text": "IRA, cryptocurrency, stocks, gold, and"}, {"start": "00:00:24", "end": "00:00:28", "text": "silver. All available over on iTrust"}, {"start": "00:00:26", "end": "00:00:31", "text": "Capital. one account, unlimited"}, {"start": "00:00:28", "end": "00:00:32", "text": "possibilities. This is one of the"}, {"start": "00:00:31", "end": "00:00:34", "text": "platforms. They've been around for quite"}, {"start": "00:00:32", "end": "00:00:36", "text": "a while. You guys can go over and use"}, {"start": "00:00:34", "end": "00:00:39", "text": "them. If you have a current IRA, you can"}, {"start": "00:00:36", "end": "00:00:42", "text": "transfer that. If you want to start a"}, {"start": "00:00:39", "end": "00:00:44", "text": "brand new IRA, you can also do that as"}, {"start": "00:00:42", "end": "00:00:45", "text": "well. So, just use our link down below."}, {"start": "00:00:44", "end": "00:00:47", "text": "It's going to give you a $100 funding"}, {"start": "00:00:45", "end": "00:00:48", "text": "reward to get started, and you're going"}, {"start": "00:00:47", "end": "00:00:50", "text": "to have to start tax planning soon. And"}, {"start": "00:00:48", "end": "00:00:53", "text": "I are one of the diversification things"}, {"start": "00:00:50", "end": "00:00:55", "text": "that you should be doing to set yourself"}, {"start": "00:00:53", "end": "00:00:58", "text": "up for success. And joining me today is"}, {"start": "00:00:55", "end": "00:01:00", "text": "Shane Kennedy and also David Kmer coming"}, {"start": "00:00:58", "end": "00:01:01", "text": "in from Coin Ledger. All right, so I"}, {"start": "00:01:00", "end": "00:01:03", "text": "want to jump over to kind of give you"}, {"start": "00:01:01", "end": "00:01:06", "text": "guys a look at this. And the first thing"}, {"start": "00:01:03", "end": "00:01:08", "text": "I want to show is this was uh June of"}, {"start": "00:01:06", "end": "00:01:11", "text": "this year. It was basically Congress's"}, {"start": "00:01:08", "end": "00:01:13", "text": "plan to get into designing this uh tax"}, {"start": "00:01:11", "end": "00:01:15", "text": "bill. And most of it was centered around"}, {"start": "00:01:13", "end": "00:01:17", "text": "the wash rule even though there are many"}, {"start": "00:01:15", "end": "00:01:20", "text": "other things. And I want to get into"}, {"start": "00:01:17", "end": "00:01:23", "text": "that because this is talking about 25.8"}, {"start": "00:01:20", "end": "00:01:25", "text": "billion in tax revenue over a decade."}, {"start": "00:01:23", "end": "00:01:27", "text": "Uh, this would make it the single"}, {"start": "00:01:25", "end": "00:01:30", "text": "largest item in digital digital asset"}, {"start": "00:01:27", "end": "00:01:33", "text": "tax reform ever. So, first of all, tell"}, {"start": "00:01:30", "end": "00:01:36", "text": "me what is bad. What's the worst thing"}, {"start": "00:01:33", "end": "00:01:38", "text": "that's in this bill right now that as a"}, {"start": "00:01:36", "end": "00:01:40", "text": "crypto investor I have to worry about?"}, {"start": "00:01:38", "end": "00:01:41", "text": "Is it the wash sale rule or there are"}, {"start": "00:01:40", "end": "00:01:43", "text": "other things?"}, {"start": "00:01:41", "end": "00:01:44", "text": ">> Yeah. And this has been, you know, a"}, {"start": "00:01:43", "end": "00:01:46", "text": "tale as old as time in the crypto"}, {"start": "00:01:44", "end": "00:01:48", "text": "industry. They've been trying to pass"}, {"start": "00:01:46", "end": "00:01:52", "text": "legislation to close the wash sale"}, {"start": "00:01:48", "end": "00:01:54", "text": "loophole for a very, very long time. Uh,"}, {"start": "00:01:52", "end": "00:01:56", "text": "this is no different. But it would be"}, {"start": "00:01:54", "end": "00:01:58", "text": "negative for crypto investors if it were"}, {"start": "00:01:56", "end": "00:02:01", "text": "to become law. The big key word there is"}, {"start": "00:01:58", "end": "00:02:03", "text": "if. And of course that just"}, {"start": "00:02:01", "end": "00:02:05", "text": ">> brings crypto in line with how"}, {"start": "00:02:03", "end": "00:02:09", "text": "securities and stocks are treated."}, {"start": "00:02:05", "end": "00:02:10", "text": "Right? If you harvest a loss in a crypto"}, {"start": "00:02:09", "end": "00:02:13", "text": "that you have a loss position in and"}, {"start": "00:02:10", "end": "00:02:15", "text": "then you know re-enter the position with"}, {"start": "00:02:13", "end": "00:02:18", "text": "a set within a set time frame, you can't"}, {"start": "00:02:15", "end": "00:02:20", "text": "actually realize that loss on your"}, {"start": "00:02:18", "end": "00:02:22", "text": "taxes. And so just makes it harder for"}, {"start": "00:02:20", "end": "00:02:24", "text": "crypto investors to strategically reduce"}, {"start": "00:02:22", "end": "00:02:27", "text": "their taxable income every year. And so"}, {"start": "00:02:24", "end": "00:02:29", "text": "that is probably the strongest, you"}, {"start": "00:02:27", "end": "00:02:31", "text": "know, negative component of this"}, {"start": "00:02:29", "end": "00:02:33", "text": "proposed legislation. There's other good"}, {"start": "00:02:31", "end": "00:02:33", "text": "things, but that's that's definitely the"}, {"start": "00:02:33", "end": "00:02:36", "text": "the biggest one."}, {"start": "00:02:33", "end": "00:02:38", "text": ">> All right. So Shane, let's break down"}, {"start": "00:02:36", "end": "00:02:40", "text": "the the bill itself."}, {"start": "00:02:38", "end": "00:02:41", "text": ">> One thing that I guess is a little bit"}, {"start": "00:02:40", "end": "00:02:43", "text": "of a piece of good news here I wanted to"}, {"start": "00:02:41", "end": "00:02:45", "text": "clarify is is the safe harbor rule"}, {"start": "00:02:43", "end": "00:02:46", "text": "regarding stable coins. So generally"}, {"start": "00:02:45", "end": "00:02:49", "text": "speaking, if stable coins are trading"}, {"start": "00:02:46", "end": "00:02:51", "text": "within 3% of the US dollar, there's not"}, {"start": "00:02:49", "end": "00:02:52", "text": "going to be gain or loss recognition."}, {"start": "00:02:51", "end": "00:02:54", "text": "And to that point, you might be"}, {"start": "00:02:52", "end": "00:02:55", "text": "wondering, well, okay, but what's the"}, {"start": "00:02:54", "end": "00:02:58", "text": "safe harbor component going to be?"}, {"start": "00:02:55", "end": "00:03:01", "text": "When's the IRS going to actually"}, {"start": "00:02:58", "end": "00:03:03", "text": "guarantee some, you know, stability with"}, {"start": "00:03:01", "end": "00:03:05", "text": "that? And so the secretary is going to"}, {"start": "00:03:03", "end": "00:03:07", "text": "make a list of covered stable coins"}, {"start": "00:03:05", "end": "00:03:09", "text": "available publicly on the IRS website."}, {"start": "00:03:07", "end": "00:03:11", "text": "It's my understanding that that's going"}, {"start": "00:03:09", "end": "00:03:13", "text": "to be similar to their annual approved"}, {"start": "00:03:11", "end": "00:03:15", "text": "published foreign exchange rates for"}, {"start": "00:03:13", "end": "00:03:17", "text": "people that have foreign transactions"}, {"start": "00:03:15", "end": "00:03:19", "text": "they report on the return. So that's one"}, {"start": "00:03:17", "end": "00:03:22", "text": "thing. In line with trying to raise more"}, {"start": "00:03:19", "end": "00:03:24", "text": "revenue, they are trying to make the"}, {"start": "00:03:22", "end": "00:03:26", "text": "marktomarket election. If you've ever"}, {"start": "00:03:24", "end": "00:03:29", "text": "heard of 475F,"}, {"start": "00:03:26", "end": "00:03:32", "text": "uh basically it allows you to pay taxes"}, {"start": "00:03:29", "end": "00:03:34", "text": "on unrealized gains as you are acrewing"}, {"start": "00:03:32", "end": "00:03:36", "text": "them instead of just at the time that"}, {"start": "00:03:34", "end": "00:03:38", "text": "it's sold. Um, and there's a bit a bunch"}, {"start": "00:03:36", "end": "00:03:41", "text": "more to this too, but to just highlight"}, {"start": "00:03:38", "end": "00:03:44", "text": "some other big things here, um, there's"}, {"start": "00:03:41", "end": "00:03:46", "text": "some key definitions that I think um,"}, {"start": "00:03:44", "end": "00:03:48", "text": "are going to alleviate a lot of the"}, {"start": "00:03:46", "end": "00:03:50", "text": "ambiguity, but also in alleviating that"}, {"start": "00:03:48", "end": "00:03:52", "text": "ambiguity, um, it's going to give some"}, {"start": "00:03:50", "end": "00:03:54", "text": "investors some pause here in terms of,"}, {"start": "00:03:52", "end": "00:03:57", "text": "okay, what exactly how are my crypto"}, {"start": "00:03:54", "end": "00:03:59", "text": "transactions going on here? So, it's"}, {"start": "00:03:57", "end": "00:04:02", "text": "clarifying things like digital asset"}, {"start": "00:03:59", "end": "00:04:04", "text": "validation activities. It's clarifying"}, {"start": "00:04:02", "end": "00:04:05", "text": "yes like we said the wash sale loss"}, {"start": "00:04:04", "end": "00:04:09", "text": "rules created digital assets are being"}, {"start": "00:04:05", "end": "00:04:11", "text": "treated substantially similar to"}, {"start": "00:04:09", "end": "00:04:13", "text": "securities"}, {"start": "00:04:11", "end": "00:04:15", "text": "and uh tokenized digital assets too are"}, {"start": "00:04:13", "end": "00:04:18", "text": "are basically being treated the same"}, {"start": "00:04:15", "end": "00:04:20", "text": "way. There's other things too. Um like"}, {"start": "00:04:18", "end": "00:04:22", "text": "for example constructive sales rules are"}, {"start": "00:04:20", "end": "00:04:24", "text": "now applying to digital assets. They're"}, {"start": "00:04:22", "end": "00:04:26", "text": "considered financial property. Um, I"}, {"start": "00:04:24", "end": "00:04:28", "text": "guess a piece of good news is for"}, {"start": "00:04:26", "end": "00:04:31", "text": "charitable contributions for people that"}, {"start": "00:04:28", "end": "00:04:33", "text": "do want to donate crypto, they're exempt"}, {"start": "00:04:31", "end": "00:04:35", "text": "from the same valuation requirements um,"}, {"start": "00:04:33", "end": "00:04:37", "text": "in the same way that publicly traded"}, {"start": "00:04:35", "end": "00:04:39", "text": "securities are due to how publicly"}, {"start": "00:04:37", "end": "00:04:41", "text": "available the the going rates, the"}, {"start": "00:04:39", "end": "00:04:44", "text": "different exchange rates are available"}, {"start": "00:04:41", "end": "00:04:46", "text": "for crypto. Another thing that I wanted"}, {"start": "00:04:44", "end": "00:04:48", "text": "to talk about uh briefly is the"}, {"start": "00:04:46", "end": "00:04:51", "text": "treatment of the minimous digital asset"}, {"start": "00:04:48", "end": "00:04:53", "text": "network fees. So, this one is a little"}, {"start": "00:04:51", "end": "00:04:55", "text": "tricky because it claims that no gain or"}, {"start": "00:04:53", "end": "00:04:58", "text": "loss is recognized essentially if fees"}, {"start": "00:04:55", "end": "00:05:00", "text": "are $10 or less. Um, and this gets into"}, {"start": "00:04:58", "end": "00:05:02", "text": "digital asset transaction costs as well"}, {"start": "00:05:00", "end": "00:05:05", "text": "as network fees. Um, I think a lot of"}, {"start": "00:05:02", "end": "00:05:06", "text": "this too, um, the very last section of"}, {"start": "00:05:05", "end": "00:05:08", "text": "it. You can go ahead and deep dive onto"}, {"start": "00:05:06", "end": "00:05:09", "text": "this for for those of you who are"}, {"start": "00:05:08", "end": "00:05:11", "text": "interested is taking a look at the"}, {"start": "00:05:09", "end": "00:05:13", "text": "definition section. There's about 15 or"}, {"start": "00:05:11", "end": "00:05:15", "text": "so different things that are being"}, {"start": "00:05:13", "end": "00:05:17", "text": "defined by this. And I think that might"}, {"start": "00:05:15", "end": "00:05:18", "text": "be one of the more consequential aspects"}, {"start": "00:05:17", "end": "00:05:19", "text": "of this law is the fact that it's"}, {"start": "00:05:18", "end": "00:05:22", "text": "eliminating a lot of the ambiguity"}, {"start": "00:05:19", "end": "00:05:23", "text": "around things like mining staking um all"}, {"start": "00:05:22", "end": "00:05:26", "text": "these different digital asset validation"}, {"start": "00:05:23", "end": "00:05:28", "text": "activities. And so with that, that alone"}, {"start": "00:05:26", "end": "00:05:30", "text": "might actually be the thing aside from"}, {"start": "00:05:28", "end": "00:05:33", "text": "the wash sale uh loss rules now being"}, {"start": "00:05:30", "end": "00:05:35", "text": "extended to uh crypto digital assets."}, {"start": "00:05:33", "end": "00:05:37", "text": "That alone might be probably the biggest"}, {"start": "00:05:35", "end": "00:05:41", "text": "thing to keep track of going forward if"}, {"start": "00:05:37", "end": "00:05:42", "text": "this legislation does happen to pass. So"}, {"start": "00:05:41", "end": "00:05:44", "text": ">> yeah. All right. So let me ask you one"}, {"start": "00:05:42", "end": "00:05:45", "text": "thing because this is probably a"}, {"start": "00:05:44", "end": "00:05:48", "text": "question I think that they are going to"}, {"start": "00:05:45", "end": "00:05:51", "text": "have to answer. How are they able to go"}, {"start": "00:05:48", "end": "00:05:55", "text": "in and apply essentially what is a"}, {"start": "00:05:51", "end": "00:05:57", "text": "security framework to a commodity"}, {"start": "00:05:55", "end": "00:05:59", "text": "framework? How does that translate if"}, {"start": "00:05:57", "end": "00:06:02", "text": "it's if essentially what crypto is"}, {"start": "00:05:59", "end": "00:06:04", "text": "mostly set in as a a as a commodity"}, {"start": "00:06:02", "end": "00:06:06", "text": "right now because we don't have any, you"}, {"start": "00:06:04", "end": "00:06:08", "text": "know, regulatory framework around that"}, {"start": "00:06:06", "end": "00:06:10", "text": "as a security. How does that apply?"}, {"start": "00:06:08", "end": "00:06:11", "text": "Yeah, with that I mean like currently"}, {"start": "00:06:10", "end": "00:06:13", "text": "you're going to have to look at it"}, {"start": "00:06:11", "end": "00:06:15", "text": "highlights books and records a bunch"}, {"start": "00:06:13", "end": "00:06:17", "text": "too. So the extent that you have kind of"}, {"start": "00:06:15", "end": "00:06:19", "text": "a crypto tracking software, crypto"}, {"start": "00:06:17", "end": "00:06:21", "text": "reconciliation platform, one of the big"}, {"start": "00:06:19", "end": "00:06:23", "text": "things is making sure that if this thing"}, {"start": "00:06:21", "end": "00:06:25", "text": "does go live, that instead of having the"}, {"start": "00:06:23", "end": "00:06:28", "text": "commodity rules apply from a tax"}, {"start": "00:06:25", "end": "00:06:30", "text": "perspective, whatever your tax rules"}, {"start": "00:06:28", "end": "00:06:32", "text": "engine is, that being the tax laws that"}, {"start": "00:06:30", "end": "00:06:34", "text": "the system applies once it has the"}, {"start": "00:06:32", "end": "00:06:37", "text": "financial data, you're going to want to"}, {"start": "00:06:34", "end": "00:06:38", "text": "make sure that it would be updated to"}, {"start": "00:06:37", "end": "00:06:41", "text": "reflect the securities rule similar to"}, {"start": "00:06:38", "end": "00:06:42", "text": "what you see with stocks and other"}, {"start": "00:06:41", "end": "00:06:44", "text": "transactions. So, that's going to be I"}, {"start": "00:06:42", "end": "00:06:46", "text": "think a lot of it's going to come down"}, {"start": "00:06:44", "end": "00:06:48", "text": "to your system for books and records and"}, {"start": "00:06:46", "end": "00:06:50", "text": "making sure that the rules engine isn't"}, {"start": "00:06:48", "end": "00:06:51", "text": "just applying that stuff to the stocks"}, {"start": "00:06:50", "end": "00:06:53", "text": "and securities, but extending those"}, {"start": "00:06:51", "end": "00:06:56", "text": "rules to crypto."}, {"start": "00:06:53", "end": "00:06:58", "text": ">> Okay. All right. Hey, David, is this are"}, {"start": "00:06:56", "end": "00:07:01", "text": "these separate bills or or just a"}, {"start": "00:06:58", "end": "00:07:02", "text": "package of bills or components that are"}, {"start": "00:07:01", "end": "00:07:04", "text": "going to make one bill?"}, {"start": "00:07:02", "end": "00:07:07", "text": ">> Yeah, it's to my understanding a package"}, {"start": "00:07:04", "end": "00:07:09", "text": "of components and certainly back to kind"}, {"start": "00:07:07", "end": "00:07:12", "text": "of what's bad for crypto investors in"}, {"start": "00:07:09", "end": "00:07:16", "text": "this. I think one other big one is kind"}, {"start": "00:07:12", "end": "00:07:19", "text": "of the lack of clarity on staking income"}, {"start": "00:07:16", "end": "00:07:20", "text": "and when that is defined as income. As"}, {"start": "00:07:19", "end": "00:07:22", "text": "people who have watched the show might"}, {"start": "00:07:20", "end": "00:07:24", "text": "know, there's been efforts to make"}, {"start": "00:07:22", "end": "00:07:26", "text": "staking crypto more akin to capital"}, {"start": "00:07:24", "end": "00:07:28", "text": "gains where, you know, as you're"}, {"start": "00:07:26", "end": "00:07:31", "text": "receiving staking rewards, you're not"}, {"start": "00:07:28", "end": "00:07:33", "text": "acrewing income at the time that it hits"}, {"start": "00:07:31", "end": "00:07:36", "text": "your wallet, but rather only once you"}, {"start": "00:07:33", "end": "00:07:39", "text": "dispose of it, you incur capital gains"}, {"start": "00:07:36", "end": "00:07:42", "text": "on the ascension of wealth there. And so"}, {"start": "00:07:39", "end": "00:07:43", "text": "this bill does not define that. It's"}, {"start": "00:07:42", "end": "00:07:46", "text": "still going to you're still going to"}, {"start": "00:07:43", "end": "00:07:49", "text": "incur staking income as rewards hit your"}, {"start": "00:07:46", "end": "00:07:50", "text": "wallet, which is not great for crypto"}, {"start": "00:07:49", "end": "00:07:53", "text": "investors as you could be incurring a"}, {"start": "00:07:50", "end": "00:07:54", "text": "tax bill with without any sort of cash"}, {"start": "00:07:53", "end": "00:07:56", "text": "to pay that bill."}, {"start": "00:07:54", "end": "00:07:58", "text": ">> Right. Exactly. And then which kind of"}, {"start": "00:07:56", "end": "00:08:00", "text": "forces you to sell the assets obviously"}, {"start": "00:07:58", "end": "00:08:03", "text": "to be able to in some cases handle that."}, {"start": "00:08:00", "end": "00:08:04", "text": "Uh the stable coin safe harbor is this a"}, {"start": "00:08:03", "end": "00:08:07", "text": "real win for payments because it does"}, {"start": "00:08:04", "end": "00:08:11", "text": "treat regulated PEG stable coins like"}, {"start": "00:08:07", "end": "00:08:13", "text": "cash and it's in reference to only"}, {"start": "00:08:11", "end": "00:08:16", "text": "Genius Act compliant tokens. So is this"}, {"start": "00:08:13", "end": "00:08:19", "text": "a win I guess for for stable coins?"}, {"start": "00:08:16", "end": "00:08:21", "text": ">> Yeah, I think this is a win especially"}, {"start": "00:08:19", "end": "00:08:23", "text": "just because right now software like"}, {"start": "00:08:21", "end": "00:08:25", "text": "coin ledger has to help investors you"}, {"start": "00:08:23", "end": "00:08:28", "text": "know report thousands of stable coin"}, {"start": "00:08:25", "end": "00:08:30", "text": "disposals you know whether those assets"}, {"start": "00:08:28", "end": "00:08:32", "text": "fluctuated in value or not. most of the"}, {"start": "00:08:30", "end": "00:08:34", "text": "times they don't still needs to get"}, {"start": "00:08:32", "end": "00:08:37", "text": "reported on form 8949. And so that's"}, {"start": "00:08:34", "end": "00:08:39", "text": "just a huge huge volume annoyance for"}, {"start": "00:08:37", "end": "00:08:42", "text": "your everyday crypto investors who is"}, {"start": "00:08:39", "end": "00:08:44", "text": "actually using stable coins to you know"}, {"start": "00:08:42", "end": "00:08:47", "text": "as a payment mechanism."}, {"start": "00:08:44", "end": "00:08:49", "text": ">> Yeah, I was looking at this right here."}, {"start": "00:08:47", "end": "00:08:51", "text": "This was Coin Center uh talking about"}, {"start": "00:08:49", "end": "00:08:53", "text": "the wash sale rule. I want to revisit"}, {"start": "00:08:51", "end": "00:08:56", "text": "this in a second. Um and if you think"}, {"start": "00:08:53", "end": "00:08:58", "text": "about it, doesn't it become unworkable"}, {"start": "00:08:56", "end": "00:09:00", "text": "unless you're able to track wallet for"}, {"start": "00:08:58", "end": "00:09:02", "text": "wallet? Cuz if you're buying in this"}, {"start": "00:09:00", "end": "00:09:04", "text": "wallet and selling in that wallet or"}, {"start": "00:09:02", "end": "00:09:07", "text": "buying in wallet A and selling in wallet"}, {"start": "00:09:04", "end": "00:09:09", "text": "A, I mean, it just seems like this would"}, {"start": "00:09:07", "end": "00:09:10", "text": "be completely different than like when"}, {"start": "00:09:09", "end": "00:09:13", "text": "I'm in a brokerage account where I'm"}, {"start": "00:09:10", "end": "00:09:16", "text": "buying and selling in a very defined"}, {"start": "00:09:13", "end": "00:09:17", "text": "area. Is that something that uh that you"}, {"start": "00:09:16", "end": "00:09:20", "text": "think regulators are taking into"}, {"start": "00:09:17", "end": "00:09:23", "text": "consideration? Well, whether regulators"}, {"start": "00:09:20", "end": "00:09:25", "text": "are taking it in consideration or not"}, {"start": "00:09:23", "end": "00:09:28", "text": "doesn't really matter, but you're right"}, {"start": "00:09:25", "end": "00:09:30", "text": "in that it creates more complexity for"}, {"start": "00:09:28", "end": "00:09:33", "text": "the average investor. And"}, {"start": "00:09:30", "end": "00:09:35", "text": ">> it it's it's a reason why you need"}, {"start": "00:09:33", "end": "00:09:38", "text": "accurate records of where all of your"}, {"start": "00:09:35", "end": "00:09:40", "text": "buys, sells, transfers are happening so"}, {"start": "00:09:38", "end": "00:09:42", "text": "that you can effectively track not only"}, {"start": "00:09:40", "end": "00:09:44", "text": "your cost basis as your assets move from"}, {"start": "00:09:42", "end": "00:09:47", "text": "one wallet to another, but the holding"}, {"start": "00:09:44", "end": "00:09:49", "text": "period of those assets. And so, of"}, {"start": "00:09:47", "end": "00:09:51", "text": "course, that's the exact type of system"}, {"start": "00:09:49", "end": "00:09:53", "text": "that that a platform like Coin Ledger"}, {"start": "00:09:51", "end": "00:09:56", "text": "was built kind of from the ground up to"}, {"start": "00:09:53", "end": "00:09:58", "text": "solve um is to make that tracking"}, {"start": "00:09:56", "end": "00:10:00", "text": "extremely seamless for investors. You"}, {"start": "00:09:58", "end": "00:10:02", "text": "can do it with an Excel spreadsheet as"}, {"start": "00:10:00", "end": "00:10:05", "text": "well, but you're right that it does make"}, {"start": "00:10:02", "end": "00:10:06", "text": "it a harder problem when you have to"}, {"start": "00:10:05", "end": "00:10:08", "text": "account for wash sales and your holding"}, {"start": "00:10:06", "end": "00:10:09", "text": "period of assets."}, {"start": "00:10:08", "end": "00:10:11", "text": ">> I have one for you guys. You I don't"}, {"start": "00:10:09", "end": "00:10:16", "text": "know if you've heard this one before,"}, {"start": "00:10:11", "end": "00:10:18", "text": "but uh we've seen AI and Agentic payment"}, {"start": "00:10:16", "end": "00:10:20", "text": "architecture being built around us right"}, {"start": "00:10:18", "end": "00:10:22", "text": "now. Agents going out there finding the"}, {"start": "00:10:20", "end": "00:10:24", "text": "best yields, doing activities in"}, {"start": "00:10:22", "end": "00:10:26", "text": "wallets. If we turn one loose on a"}, {"start": "00:10:24", "end": "00:10:28", "text": "wallet, it goes out and creates another"}, {"start": "00:10:26", "end": "00:10:31", "text": "10 wallets to be able to transact on"}, {"start": "00:10:28", "end": "00:10:34", "text": "different chains, etc. We don't even"}, {"start": "00:10:31", "end": "00:10:36", "text": "know those are being done in reality."}, {"start": "00:10:34", "end": "00:10:38", "text": "The key is is what is it bringing back"}, {"start": "00:10:36", "end": "00:10:41", "text": "to this wallet? So, is that something"}, {"start": "00:10:38", "end": "00:10:43", "text": "that you're concerned about of how that"}, {"start": "00:10:41", "end": "00:10:46", "text": "would be tracked because of the"}, {"start": "00:10:43", "end": "00:10:48", "text": "potential for agent activity in possibly"}, {"start": "00:10:46", "end": "00:10:49", "text": "within the next 12 months?"}, {"start": "00:10:48", "end": "00:10:50", "text": ">> You want to take that one?"}, {"start": "00:10:49", "end": "00:10:52", "text": ">> Yeah, I think I think we'll very much"}, {"start": "00:10:50", "end": "00:10:54", "text": "see this, you know, exponentially"}, {"start": "00:10:52", "end": "00:10:57", "text": "increase in especially commonality of"}, {"start": "00:10:54", "end": "00:11:00", "text": "how people are buy, sell, trade,"}, {"start": "00:10:57", "end": "00:11:03", "text": "transferring crypto and it does create"}, {"start": "00:11:00", "end": "00:11:05", "text": "more transactional tracking complexity."}, {"start": "00:11:03", "end": "00:11:07", "text": "Um, for software though, it doesn't"}, {"start": "00:11:05", "end": "00:11:10", "text": "really make it harder for us, right?"}, {"start": "00:11:07", "end": "00:11:12", "text": "We're just doing more with the software,"}, {"start": "00:11:10", "end": "00:11:14", "text": "but it's still us tracking public wallet"}, {"start": "00:11:12", "end": "00:11:16", "text": "addresses, tracking the underlying"}, {"start": "00:11:14", "end": "00:11:17", "text": "transactions on blockchains, which we've"}, {"start": "00:11:16", "end": "00:11:18", "text": "been doing for a decade now at Coin"}, {"start": "00:11:17", "end": "00:11:20", "text": "Ledger."}, {"start": "00:11:18", "end": "00:11:22", "text": ">> Listen, David, this sounds like it's"}, {"start": "00:11:20", "end": "00:11:24", "text": "really good for Coin Ledger here because"}, {"start": "00:11:22", "end": "00:11:26", "text": "you guys are going to win on being able"}, {"start": "00:11:24", "end": "00:11:29", "text": "to track all this stuff down. I don't"}, {"start": "00:11:26", "end": "00:11:31", "text": "like that."}, {"start": "00:11:29", "end": "00:11:34", "text": "I mean, I would rather us be able to"}, {"start": "00:11:31", "end": "00:11:36", "text": "have a nice solution that maybe somebody"}, {"start": "00:11:34", "end": "00:11:38", "text": "could go out and kind of do their own"}, {"start": "00:11:36", "end": "00:11:39", "text": "tax. You're telling me right now if you"}, {"start": "00:11:38", "end": "00:11:42", "text": "don't have something like what you guys"}, {"start": "00:11:39", "end": "00:11:44", "text": "are offering, you're basically screwed"}, {"start": "00:11:42", "end": "00:11:47", "text": "when it comes to T. If this goes through"}, {"start": "00:11:44", "end": "00:11:47", "text": "right here, if this goes through. So,"}, {"start": "00:11:47", "end": "00:11:49", "text": "uh,"}, {"start": "00:11:47", "end": "00:11:52", "text": ">> yeah, I I don't do I don't love it"}, {"start": "00:11:49", "end": "00:11:53", "text": "either. It's a reality, unfortunately. I"}, {"start": "00:11:52", "end": "00:11:55", "text": "used to make the joke, you know, it's"}, {"start": "00:11:53", "end": "00:11:57", "text": "like the IRS is our VP of marketing,"}, {"start": "00:11:55", "end": "00:11:59", "text": "right?"}, {"start": "00:11:57", "end": "00:12:02", "text": "Coin Ledger because the more rules they"}, {"start": "00:11:59", "end": "00:12:04", "text": "pass, the more complex they make this"}, {"start": "00:12:02", "end": "00:12:07", "text": "obviously the the higher the demand for"}, {"start": "00:12:04", "end": "00:12:09", "text": "tools to track and do everything for you"}, {"start": "00:12:07", "end": "00:12:12", "text": "becomes. So, it's just an unfortunate"}, {"start": "00:12:09", "end": "00:12:12", "text": "reality. It happens to be good for our"}, {"start": "00:12:12", "end": "00:12:14", "text": "business."}, {"start": "00:12:12", "end": "00:12:17", "text": ">> Hey Shane, who's better off if this"}, {"start": "00:12:14", "end": "00:12:20", "text": "passes? Would it be a trader, uh, a"}, {"start": "00:12:17", "end": "00:12:22", "text": "long-term holder, someone that maybe is"}, {"start": "00:12:20", "end": "00:12:25", "text": "a staker, or even a self-custody holder?"}, {"start": "00:12:22", "end": "00:12:26", "text": "who who's who's the the one that is"}, {"start": "00:12:25", "end": "00:12:28", "text": "better off?"}, {"start": "00:12:26", "end": "00:12:29", "text": ">> I would say people that are more"}, {"start": "00:12:28", "end": "00:12:31", "text": "actively trading, especially with the"}, {"start": "00:12:29", "end": "00:12:33", "text": "stable coins and using them for"}, {"start": "00:12:31", "end": "00:12:35", "text": "payments, they're definitely going to be"}, {"start": "00:12:33", "end": "00:12:38", "text": "better off by the safe harbor. Um, to"}, {"start": "00:12:35", "end": "00:12:40", "text": "the extent that you have large crypto"}, {"start": "00:12:38", "end": "00:12:43", "text": "traders, like institutional ones that"}, {"start": "00:12:40", "end": "00:12:45", "text": "maybe don't want to completely defare"}, {"start": "00:12:43", "end": "00:12:47", "text": "their tax liability, being able to make"}, {"start": "00:12:45", "end": "00:12:49", "text": "the marktomarket election and pay that"}, {"start": "00:12:47", "end": "00:12:52", "text": "stuff as it's going maybe saves some of"}, {"start": "00:12:49", "end": "00:12:54", "text": "the tax headache in the long run. just"}, {"start": "00:12:52", "end": "00:12:56", "text": "because I've seen very large funds"}, {"start": "00:12:54", "end": "00:12:58", "text": "before uh that make that just so that"}, {"start": "00:12:56", "end": "00:13:00", "text": "they're able to time their cash flows"}, {"start": "00:12:58", "end": "00:13:03", "text": "out a little bit better. So, I would say"}, {"start": "00:13:00", "end": "00:13:04", "text": "the more active traders um there's going"}, {"start": "00:13:03", "end": "00:13:06", "text": "to be some win from the st from the"}, {"start": "00:13:04", "end": "00:13:08", "text": "stable coin safe harbor, especially if"}, {"start": "00:13:06", "end": "00:13:09", "text": "you're just using it for payments, but"}, {"start": "00:13:08", "end": "00:13:11", "text": "there's going to be some headache uh as"}, {"start": "00:13:09", "end": "00:13:14", "text": "pointed out because of the wash, sale,"}, {"start": "00:13:11", "end": "00:13:17", "text": "loss, disallowance rules being extended"}, {"start": "00:13:14", "end": "00:13:18", "text": "to those active trades if they sell"}, {"start": "00:13:17", "end": "00:13:22", "text": "something at a loss and buy it back"}, {"start": "00:13:18", "end": "00:13:26", "text": "within 46 days. Okay, David, this is uh"}, {"start": "00:13:22", "end": "00:13:29", "text": "the the Lumus bill uh which is basically"}, {"start": "00:13:26", "end": "00:13:32", "text": "going in around tax exempt Bitcoin"}, {"start": "00:13:29", "end": "00:13:33", "text": "spending. Uh it's set at like $300 I"}, {"start": "00:13:32", "end": "00:13:35", "text": "think on the threshold, but it has a"}, {"start": "00:13:33", "end": "00:13:37", "text": "limitation uh within this. Should there"}, {"start": "00:13:35", "end": "00:13:40", "text": "be any cap at all, do you think? Because"}, {"start": "00:13:37", "end": "00:13:42", "text": "this seems like it would uh cause a"}, {"start": "00:13:40", "end": "00:13:45", "text": "problem down the road where it's going"}, {"start": "00:13:42", "end": "00:13:48", "text": "to basically be taxing Bitcoin forever."}, {"start": "00:13:45", "end": "00:13:50", "text": "Mhm. I I think there's no way to not"}, {"start": "00:13:48", "end": "00:13:54", "text": "have some sort of cap otherwise it just"}, {"start": "00:13:50", "end": "00:13:56", "text": "becomes a very effective tool to you"}, {"start": "00:13:54", "end": "00:13:58", "text": "know essentially dodge income tax which"}, {"start": "00:13:56", "end": "00:14:02", "text": "just in the United States all income"}, {"start": "00:13:58", "end": "00:14:04", "text": "right is taxed and so if you could spend"}, {"start": "00:14:02", "end": "00:14:07", "text": "Bitcoin that has ascended in value"}, {"start": "00:14:04", "end": "00:14:09", "text": "essentially tax-free very quickly that"}, {"start": "00:14:07", "end": "00:14:12", "text": "becomes a very very effective loophole"}, {"start": "00:14:09", "end": "00:14:13", "text": "to you get out of just income taxes in"}, {"start": "00:14:12", "end": "00:14:15", "text": "general."}, {"start": "00:14:13", "end": "00:14:17", "text": ">> All right. So I think well I won't get"}, {"start": "00:14:15", "end": "00:14:21", "text": "into that but all right so you've got"}, {"start": "00:14:17", "end": "00:14:23", "text": "another thing that's happening that is"}, {"start": "00:14:21", "end": "00:14:25", "text": "really redesigning systems. So I think"}, {"start": "00:14:23", "end": "00:14:28", "text": "there's reports out there saying that"}, {"start": "00:14:25", "end": "00:14:30", "text": "it's like 18 months or so to rebuild"}, {"start": "00:14:28", "end": "00:14:31", "text": "some of these tax systems to be able to"}, {"start": "00:14:30", "end": "00:14:33", "text": "to deal with this. You guys I know are"}, {"start": "00:14:31", "end": "00:14:35", "text": "on top of it but there's a lot of other"}, {"start": "00:14:33", "end": "00:14:37", "text": "companies out there that are trying to"}, {"start": "00:14:35", "end": "00:14:38", "text": "do this including many of the big"}, {"start": "00:14:37", "end": "00:14:40", "text": "accounting firms you know that are"}, {"start": "00:14:38", "end": "00:14:42", "text": "dealing with major companies that are"}, {"start": "00:14:40", "end": "00:14:45", "text": "also dealing with this. Uh what does"}, {"start": "00:14:42", "end": "00:14:46", "text": "that mean for 26 and 27 tax years?"}, {"start": "00:14:45", "end": "00:14:49", "text": "Because if it takes 18 months to"}, {"start": "00:14:46", "end": "00:14:52", "text": "rebuild, what the hell?"}, {"start": "00:14:49", "end": "00:14:55", "text": ">> I think this is again a tale as old as"}, {"start": "00:14:52", "end": "00:14:58", "text": "time. It's just going to be not the best"}, {"start": "00:14:55", "end": "00:15:00", "text": "experience for your everyday taxpayer"}, {"start": "00:14:58", "end": "00:15:03", "text": "and frankly they're going to have to"}, {"start": "00:15:00", "end": "00:15:06", "text": "rely on private companies. Um that's"}, {"start": "00:15:03", "end": "00:15:08", "text": "been the truth for forever. Hopefully"}, {"start": "00:15:06", "end": "00:15:11", "text": "I'm wrong, but that's a big reason why"}, {"start": "00:15:08", "end": "00:15:12", "text": "we're building out our own tax firm here"}, {"start": "00:15:11", "end": "00:15:15", "text": "at Coin Ledger is just we've seen the"}, {"start": "00:15:12", "end": "00:15:17", "text": "demand for people to,"}, {"start": "00:15:15", "end": "00:15:20", "text": ">> you know, get help filing their their"}, {"start": "00:15:17", "end": "00:15:22", "text": "taxes and we're essentially going to be"}, {"start": "00:15:20", "end": "00:15:24", "text": "serving that now moving into that market"}, {"start": "00:15:22", "end": "00:15:27", "text": "and really bringing a software first, AI"}, {"start": "00:15:24", "end": "00:15:29", "text": "native first approach to that problem."}, {"start": "00:15:27", "end": "00:15:32", "text": ">> Well, kudos to you guys. Uh, you know,"}, {"start": "00:15:29", "end": "00:15:33", "text": "don't let a um a tax bill go to waste"}, {"start": "00:15:32", "end": "00:15:35", "text": "for sure."}, {"start": "00:15:33", "end": "00:15:36", "text": ">> Exactly."}, {"start": "00:15:35", "end": "00:15:40", "text": "Let's go to the last question and that"}, {"start": "00:15:36", "end": "00:15:43", "text": "is what's one move we can make today"}, {"start": "00:15:40", "end": "00:15:45", "text": "that might be applicable under these new"}, {"start": "00:15:43", "end": "00:15:47", "text": "rules that would be good you know if"}, {"start": "00:15:45", "end": "00:15:49", "text": "these new rules get through what can we"}, {"start": "00:15:47", "end": "00:15:50", "text": "do today to change it you know to change"}, {"start": "00:15:49", "end": "00:15:52", "text": "our our outcome here."}, {"start": "00:15:50", "end": "00:15:55", "text": ">> Yeah. One thing that I would say is"}, {"start": "00:15:52", "end": "00:15:58", "text": "before this becomes law is actually take"}, {"start": "00:15:55", "end": "00:16:00", "text": "a look at any assets in your portfolio."}, {"start": "00:15:58", "end": "00:16:03", "text": "Do you have underwater assets that you"}, {"start": "00:16:00", "end": "00:16:05", "text": "could harvest the losses today? And if"}, {"start": "00:16:03", "end": "00:16:08", "text": "you still want to be in that position in"}, {"start": "00:16:05", "end": "00:16:10", "text": "the long term, you know, buy back. Um,"}, {"start": "00:16:08", "end": "00:16:12", "text": "that's that's one thing you could be"}, {"start": "00:16:10", "end": "00:16:16", "text": "doing today. The other thing is, you"}, {"start": "00:16:12", "end": "00:16:18", "text": "know, if you are someone who is funding"}, {"start": "00:16:16", "end": "00:16:20", "text": "paying for a lot of your life in stable"}, {"start": "00:16:18", "end": "00:16:22", "text": "coins and using that infrastructure,"}, {"start": "00:16:20", "end": "00:16:24", "text": "this is a big thing. So, you can, you"}, {"start": "00:16:22", "end": "00:16:27", "text": "know, feel confident in continuing to do"}, {"start": "00:16:24", "end": "00:16:30", "text": "that without the complexity of tax"}, {"start": "00:16:27", "end": "00:16:31", "text": "reporting those those those transactions"}, {"start": "00:16:30", "end": "00:16:33", "text": "if this were to pass."}, {"start": "00:16:31", "end": "00:16:35", "text": ">> Yeah. Okay. Well, let me ask you this"}, {"start": "00:16:33", "end": "00:16:37", "text": "because some of it, and I don't know if"}, {"start": "00:16:35", "end": "00:16:39", "text": "this is true, but is some of this"}, {"start": "00:16:37", "end": "00:16:42", "text": "possibly deemed retroactive? So, would"}, {"start": "00:16:39", "end": "00:16:45", "text": "those transactions fall into that safety"}, {"start": "00:16:42", "end": "00:16:48", "text": "net if it is retroactive when it passes?"}, {"start": "00:16:45", "end": "00:16:51", "text": "So, maybe I do a wash sale or maybe I do"}, {"start": "00:16:48", "end": "00:16:53", "text": "a tax harvest and then bam, it's"}, {"start": "00:16:51", "end": "00:16:54", "text": "retroactive and I get slammed because of"}, {"start": "00:16:53", "end": "00:16:57", "text": "that move."}, {"start": "00:16:54", "end": "00:16:59", "text": ">> Yeah, that's I know the the prior bill"}, {"start": "00:16:57", "end": "00:17:00", "text": "did have retroactive components to it."}, {"start": "00:16:59", "end": "00:17:02", "text": "this one, Shane, did you see that in the"}, {"start": "00:17:00", "end": "00:17:04", "text": "specifics of this one?"}, {"start": "00:17:02", "end": "00:17:05", "text": ">> Uh, going through um I didn't see"}, {"start": "00:17:04", "end": "00:17:07", "text": "language that suggested that. I can"}, {"start": "00:17:05", "end": "00:17:08", "text": "double check on that, but I didn't see"}, {"start": "00:17:07", "end": "00:17:10", "text": "anything that suggested retroactive"}, {"start": "00:17:08", "end": "00:17:12", "text": "because the big date I saw was post tax"}, {"start": "00:17:10", "end": "00:17:15", "text": "year's December 31st, 2026. So that"}, {"start": "00:17:12", "end": "00:17:17", "text": "means 2027 onward. I can double check"}, {"start": "00:17:15", "end": "00:17:19", "text": "that. But that's my understanding is"}, {"start": "00:17:17", "end": "00:17:21", "text": "that this is not this bill, the ADAPT"}, {"start": "00:17:19", "end": "00:17:22", "text": "act specifically is not necessarily"}, {"start": "00:17:21", "end": "00:17:24", "text": "going to be retroactive. It's going to"}, {"start": "00:17:22", "end": "00:17:26", "text": "be proactive for tax years going"}, {"start": "00:17:24", "end": "00:17:29", "text": "forward. similar to how the tax cut and"}, {"start": "00:17:26", "end": "00:17:31", "text": "jobs act was for tax years going forward"}, {"start": "00:17:29", "end": "00:17:33", "text": "in the one big beautiful bill act."}, {"start": "00:17:31", "end": "00:17:36", "text": "That's to my understanding of what this"}, {"start": "00:17:33", "end": "00:17:37", "text": ">> just as a because I want to say this for"}, {"start": "00:17:36", "end": "00:17:40", "text": "our audience that's watching this right"}, {"start": "00:17:37", "end": "00:17:42", "text": "now. Just for security purposes, guys,"}, {"start": "00:17:40", "end": "00:17:44", "text": "this first is is not tax advice. go"}, {"start": "00:17:42", "end": "00:17:46", "text": "check with your your own CPA or your own"}, {"start": "00:17:44", "end": "00:17:49", "text": "group that you're working with because"}, {"start": "00:17:46", "end": "00:17:51", "text": "uh the IRS is great at rug pulling and"}, {"start": "00:17:49", "end": "00:17:53", "text": "it's very possible they could change the"}, {"start": "00:17:51", "end": "00:17:55", "text": "rules or or we even see Congress out"}, {"start": "00:17:53", "end": "00:17:58", "text": "there trying to pass this change the"}, {"start": "00:17:55", "end": "00:17:59", "text": "rules within it. Best thing is is put"}, {"start": "00:17:58", "end": "00:18:02", "text": "some pressure on Congress to try to get"}, {"start": "00:17:59", "end": "00:18:04", "text": "this thing not passed. So, I don't know"}, {"start": "00:18:02", "end": "00:18:07", "text": "if that's possible, but you guys know"}, {"start": "00:18:04", "end": "00:18:09", "text": "how to vote uh with your Congress people"}, {"start": "00:18:07", "end": "00:18:11", "text": "uh to get them going cuz this is a a a"}, {"start": "00:18:09", "end": "00:18:13", "text": "problem that I think is going to become"}, {"start": "00:18:11", "end": "00:18:15", "text": "an issue over the next few years for"}, {"start": "00:18:13", "end": "00:18:16", "text": "sure. Guys, we're going to we're going"}, {"start": "00:18:15", "end": "00:18:17", "text": "to have you back on because I anticipate"}, {"start": "00:18:16", "end": "00:18:19", "text": "that we're probably going to have more"}, {"start": "00:18:17", "end": "00:18:21", "text": "of these kind of issues coming up before"}, {"start": "00:18:19", "end": "00:18:24", "text": "year end and definitely as we go into"}, {"start": "00:18:21", "end": "00:18:25", "text": "tax season next year. So, uh thanks a"}, {"start": "00:18:24", "end": "00:18:25", "text": "lot for coming in today. We appreciate"}, {"start": "00:18:25", "end": "00:18:29", "text": "it."}, {"start": "00:18:25", "end": "00:18:29", "text": ">> Yeah, thanks for having us, Paul."}, {"start": "00:18:33", "end": "00:18:37", "text": "If you like this video, hit like and"}, {"start": "00:18:35", "end": "00:18:40", "text": "subscribe. Drop a comment down below and"}, {"start": "00:18:37", "end": "00:18:44", "text": "also join our free private member group."}, {"start": "00:18:40", "end": "00:18:44", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "1010 just around the corner. Is a crash"}, {"start": "00:00:02", "end": "00:00:07", "text": "adversary set up for what the market"}, {"start": "00:00:05", "end": "00:00:09", "text": "could be facing? Maybe that is why we're"}, {"start": "00:00:07", "end": "00:00:10", "text": "seeing the market start to look a little"}, {"start": "00:00:09", "end": "00:00:12", "text": "fearful today. We'll break it down for"}, {"start": "00:00:10", "end": "00:00:14", "text": "you. I want to thank our sponsor today"}, {"start": "00:00:12", "end": "00:00:17", "text": "and that is Tandem where you guys can"}, {"start": "00:00:14", "end": "00:00:20", "text": "get into full self-custody. Very easy to"}, {"start": "00:00:17", "end": "00:00:22", "text": "do your secure crypto hardware wallet."}, {"start": "00:00:20", "end": "00:00:24", "text": "And one of the things about Tandem that"}, {"start": "00:00:22", "end": "00:00:26", "text": "I think a lot of people misunderstand"}, {"start": "00:00:24", "end": "00:00:28", "text": "with self- custody is the ease of use"}, {"start": "00:00:26", "end": "00:00:30", "text": "and also the ease of being able to get"}, {"start": "00:00:28", "end": "00:00:32", "text": "this set up for you. It's like a credit"}, {"start": "00:00:30", "end": "00:00:34", "text": "card. Works with your phone, always"}, {"start": "00:00:32", "end": "00:00:36", "text": "present. Make sure to get a three card"}, {"start": "00:00:34", "end": "00:00:38", "text": "set so you've got a backup, but you guys"}, {"start": "00:00:36", "end": "00:00:40", "text": "of course can use our link down below."}, {"start": "00:00:38", "end": "00:00:42", "text": "It's going to give you a 10% discount."}, {"start": "00:00:40", "end": "00:00:44", "text": "And they also have several offers from"}, {"start": "00:00:42", "end": "00:00:46", "text": "time to time. So always check what's"}, {"start": "00:00:44", "end": "00:00:49", "text": "going on over there on the website. This"}, {"start": "00:00:46", "end": "00:00:51", "text": "is the self-custody to use. So, make"}, {"start": "00:00:49", "end": "00:00:54", "text": "sure and check it out. Tell them we sent"}, {"start": "00:00:51", "end": "00:00:55", "text": "you. And I want to start with this. And"}, {"start": "00:00:54", "end": "00:00:57", "text": "that is the chart. Let's go over to the"}, {"start": "00:00:55", "end": "00:00:59", "text": "Bitcoin chart right here. And you can"}, {"start": "00:00:57", "end": "00:01:01", "text": "kind of see we've put a couple of major"}, {"start": "00:00:59", "end": "00:01:04", "text": "events on here. This one is the major"}, {"start": "00:01:01", "end": "00:01:07", "text": "event last year that pretty much set"}, {"start": "00:01:04", "end": "00:01:09", "text": "Bitcoin in a spiral all the way down to"}, {"start": "00:01:07", "end": "00:01:12", "text": "its low at around 60K happening back in"}, {"start": "00:01:09", "end": "00:01:15", "text": "June of this year. So you could look at"}, {"start": "00:01:12", "end": "00:01:17", "text": "the situation happening back in October"}, {"start": "00:01:15", "end": "00:01:19", "text": "of last year as being one of the"}, {"start": "00:01:17", "end": "00:01:22", "text": "catalysts that maybe traders are looking"}, {"start": "00:01:19", "end": "00:01:25", "text": "at right now. And there's more to this"}, {"start": "00:01:22", "end": "00:01:28", "text": "though cuz I think the key is what"}, {"start": "00:01:25", "end": "00:01:30", "text": "happens in October. Well, typically you"}, {"start": "00:01:28", "end": "00:01:33", "text": "get these October surprises right before"}, {"start": "00:01:30", "end": "00:01:36", "text": "midterms or major elections and that"}, {"start": "00:01:33", "end": "00:01:39", "text": "might be actually in play as well. So"}, {"start": "00:01:36", "end": "00:01:40", "text": "you've got OpenAI and Anthropic both as"}, {"start": "00:01:39", "end": "00:01:43", "text": "well as other AI companies that are now"}, {"start": "00:01:40", "end": "00:01:47", "text": "p uh privately preparing for a potential"}, {"start": "00:01:43", "end": "00:01:50", "text": "catastrophic AI event that could trigger"}, {"start": "00:01:47", "end": "00:01:52", "text": "public outrage. This is a concern to me"}, {"start": "00:01:50", "end": "00:01:55", "text": "nearing especially getting close to a"}, {"start": "00:01:52", "end": "00:01:57", "text": "midterm election and all of the things"}, {"start": "00:01:55", "end": "00:01:58", "text": "that we've seen leading up to this"}, {"start": "00:01:57", "end": "00:02:00", "text": "because there's a lot of things that"}, {"start": "00:01:58", "end": "00:02:02", "text": "have been happening with the hugging"}, {"start": "00:02:00", "end": "00:02:04", "text": "face hack, what we've seen with these"}, {"start": "00:02:02", "end": "00:02:06", "text": "rogue AI agents, what we're seeing now"}, {"start": "00:02:04", "end": "00:02:08", "text": "with essentially leaders of these"}, {"start": "00:02:06", "end": "00:02:09", "text": "companies talking about this. It's"}, {"start": "00:02:08", "end": "00:02:12", "text": "almost as though they're prepping"}, {"start": "00:02:09", "end": "00:02:14", "text": "something. And that always concerns me"}, {"start": "00:02:12", "end": "00:02:17", "text": "concerns me when we have October"}, {"start": "00:02:14", "end": "00:02:19", "text": "brewing. And I want to just make it very"}, {"start": "00:02:17", "end": "00:02:22", "text": "clear. I think crypto is actually one of"}, {"start": "00:02:19", "end": "00:02:23", "text": "the safer places. Here's Jesus. He talks"}, {"start": "00:02:22", "end": "00:02:25", "text": "about it right here. Sold all my crypto,"}, {"start": "00:02:23", "end": "00:02:28", "text": "converted it in fiat, putting it back"}, {"start": "00:02:25", "end": "00:02:30", "text": "into that 30-year-old banking system 25."}, {"start": "00:02:28", "end": "00:02:32", "text": "But it's really 30-year-old dated"}, {"start": "00:02:30", "end": "00:02:35", "text": "encryption systems. And that's the point"}, {"start": "00:02:32", "end": "00:02:38", "text": "is that the banks may actually become a"}, {"start": "00:02:35", "end": "00:02:40", "text": "major vector. If AI is going to have a"}, {"start": "00:02:38", "end": "00:02:43", "text": "chance to go in and do something"}, {"start": "00:02:40", "end": "00:02:45", "text": "nefarious, where would you go target? I"}, {"start": "00:02:43", "end": "00:02:48", "text": "think you would target mainstream."}, {"start": "00:02:45", "end": "00:02:51", "text": "Crypto I think is ironically in a better"}, {"start": "00:02:48", "end": "00:02:52", "text": "place even though we have seen some"}, {"start": "00:02:51", "end": "00:02:54", "text": "challenges in crypto over the past"}, {"start": "00:02:52", "end": "00:02:57", "text": "couple of years. I think it's actually"}, {"start": "00:02:54", "end": "00:02:59", "text": "in a better place just because of what"}, {"start": "00:02:57", "end": "00:03:01", "text": "it means. Now let's re recall what"}, {"start": "00:02:59", "end": "00:03:05", "text": "actually happened back on October 10th"}, {"start": "00:03:01", "end": "00:03:07", "text": "of last year at 4:50 p.m. This was"}, {"start": "00:03:05", "end": "00:03:09", "text": "October 10th. traditional markets were"}, {"start": "00:03:07", "end": "00:03:13", "text": "closed and then Trump launched a new"}, {"start": "00:03:09", "end": "00:03:16", "text": "salvo into the China and US trade war."}, {"start": "00:03:13", "end": "00:03:19", "text": "That was the first time we saw a real"}, {"start": "00:03:16", "end": "00:03:21", "text": "move into the trade war that put a lot"}, {"start": "00:03:19", "end": "00:03:23", "text": "of pressure on China and immediately"}, {"start": "00:03:21", "end": "00:03:26", "text": "underneath that you had of course the"}, {"start": "00:03:23", "end": "00:03:28", "text": "market pulling out. So obviously what"}, {"start": "00:03:26", "end": "00:03:31", "text": "you looked at there that was one of the"}, {"start": "00:03:28", "end": "00:03:32", "text": "catalysts is the trade uh war that was"}, {"start": "00:03:31", "end": "00:03:35", "text": "happening between the US and China and"}, {"start": "00:03:32", "end": "00:03:37", "text": "this really pointed to the trade deficit"}, {"start": "00:03:35", "end": "00:03:40", "text": "and if you go back in here in 2025 this"}, {"start": "00:03:37", "end": "00:03:42", "text": "was of course the deepest that it had"}, {"start": "00:03:40", "end": "00:03:44", "text": "been and primarily this was done because"}, {"start": "00:03:42", "end": "00:03:46", "text": "of the front running in the market. What"}, {"start": "00:03:44", "end": "00:03:49", "text": "I mean by that is suppliers of all types"}, {"start": "00:03:46", "end": "00:03:52", "text": "were buying quickly and as much as they"}, {"start": "00:03:49", "end": "00:03:55", "text": "could to deal with what was incoming and"}, {"start": "00:03:52", "end": "00:03:57", "text": "that was these trade impacts in terms of"}, {"start": "00:03:55", "end": "00:03:59", "text": "tariffs and of course all that laid into"}, {"start": "00:03:57", "end": "00:04:01", "text": "the market. Then you had the pullback"}, {"start": "00:03:59", "end": "00:04:04", "text": "everybody thought oh it's working but in"}, {"start": "00:04:01", "end": "00:04:06", "text": "reality it just reset it because that"}, {"start": "00:04:04", "end": "00:04:08", "text": "was essentially a supply chain shock"}, {"start": "00:04:06", "end": "00:04:11", "text": "that kind of opened up into the market."}, {"start": "00:04:08", "end": "00:04:13", "text": "So in reality, not much better position,"}, {"start": "00:04:11", "end": "00:04:16", "text": "but it did damage the market in a big"}, {"start": "00:04:13", "end": "00:04:18", "text": "way. So when you look at other scenarios"}, {"start": "00:04:16", "end": "00:04:21", "text": "that could be impending here, what could"}, {"start": "00:04:18", "end": "00:04:23", "text": "hit us on 1010? That's the concern"}, {"start": "00:04:21", "end": "00:04:25", "text": "everybody's worried about. Last time it"}, {"start": "00:04:23", "end": "00:04:27", "text": "was tariffs. So not necessarily the case"}, {"start": "00:04:25", "end": "00:04:30", "text": "here. Even if you look at the diplomatic"}, {"start": "00:04:27", "end": "00:04:33", "text": "agreement for lower tariffs by Canada or"}, {"start": "00:04:30", "end": "00:04:35", "text": "with Canada, even that is somewhat"}, {"start": "00:04:33", "end": "00:04:37", "text": "reserved. And the point being is is that"}, {"start": "00:04:35", "end": "00:04:38", "text": "we're aware of these things now. I don't"}, {"start": "00:04:37", "end": "00:04:40", "text": "think the market is trying to set this"}, {"start": "00:04:38", "end": "00:04:43", "text": "up. So, it's going to be something"}, {"start": "00:04:40", "end": "00:04:46", "text": "different if in fact we get any kind of"}, {"start": "00:04:43", "end": "00:04:48", "text": "major debrie happening in the market."}, {"start": "00:04:46", "end": "00:04:51", "text": "And that of course gets into the next"}, {"start": "00:04:48", "end": "00:04:53", "text": "thing and that was the macro shock cuz"}, {"start": "00:04:51", "end": "00:04:55", "text": "it wasn't necessarily an exchange"}, {"start": "00:04:53", "end": "00:04:58", "text": "failure that drove uh what happened into"}, {"start": "00:04:55", "end": "00:05:02", "text": "the $19 billion liquidation cascade. In"}, {"start": "00:04:58", "end": "00:05:04", "text": "fact, about 75% of that was still in"}, {"start": "00:05:02", "end": "00:05:07", "text": "play. The exchange said roughly 75% of"}, {"start": "00:05:04", "end": "00:05:09", "text": "the total liquidations had already taken"}, {"start": "00:05:07", "end": "00:05:11", "text": "place by the point this was playing out."}, {"start": "00:05:09", "end": "00:05:13", "text": "So you could see this was all about"}, {"start": "00:05:11", "end": "00:05:15", "text": "leverage and I think that's the concern"}, {"start": "00:05:13", "end": "00:05:17", "text": "right now we have. I'm not so much"}, {"start": "00:05:15", "end": "00:05:19", "text": "concerned about the market right now"}, {"start": "00:05:17", "end": "00:05:21", "text": "because the market has been much more"}, {"start": "00:05:19", "end": "00:05:23", "text": "resilient in understanding how these"}, {"start": "00:05:21", "end": "00:05:27", "text": "things are hitting. I'm more concerned"}, {"start": "00:05:23", "end": "00:05:29", "text": "about some sort of unusual activity,"}, {"start": "00:05:27", "end": "00:05:31", "text": "whether it's a major hack, some sort of"}, {"start": "00:05:29", "end": "00:05:33", "text": "major outage, an issue that could hit"}, {"start": "00:05:31", "end": "00:05:35", "text": "the financial system, all those kind of"}, {"start": "00:05:33", "end": "00:05:38", "text": "things. And with the amount of things"}, {"start": "00:05:35", "end": "00:05:40", "text": "that we're seeing from AI, this concerns"}, {"start": "00:05:38", "end": "00:05:43", "text": "me the most. I want to go to a clip real"}, {"start": "00:05:40", "end": "00:05:45", "text": "quick, and this is Tom Lee talking about"}, {"start": "00:05:43", "end": "00:05:46", "text": "what happened in October of last year."}, {"start": "00:05:45", "end": "00:05:48", "text": "Take a look."}, {"start": "00:05:46", "end": "00:05:50", "text": ">> In our view, tokenization is a far"}, {"start": "00:05:48", "end": "00:05:53", "text": "bigger driver than other bull markets."}, {"start": "00:05:50", "end": "00:05:57", "text": "In 2016 2017, it was an ICO boom,"}, {"start": "00:05:53", "end": "00:06:00", "text": "primarily retail. In the 2019 to 2021"}, {"start": "00:05:57", "end": "00:06:03", "text": "era, it was the NFTts, primarily retail."}, {"start": "00:06:00", "end": "00:06:05", "text": "Last year was a stable coin boom, but it"}, {"start": "00:06:03", "end": "00:06:08", "text": "got cut short because of the October"}, {"start": "00:06:05", "end": "00:06:10", "text": "10th massive debt deleveraging/auto"}, {"start": "00:06:08", "end": "00:06:12", "text": "deleveraging event, but it's different"}, {"start": "00:06:10", "end": "00:06:16", "text": "now. Black Rockck wants to put most of"}, {"start": "00:06:12", "end": "00:06:17", "text": "its assets on as tokenized assets, and"}, {"start": "00:06:16", "end": "00:06:20", "text": "it's a huge addressable market. But just"}, {"start": "00:06:17", "end": "00:06:23", "text": "the top three, stocks, bonds, and"}, {"start": "00:06:20", "end": "00:06:26", "text": "credit, would be 160 trillion. For every"}, {"start": "00:06:23", "end": "00:06:28", "text": "dollar that's been tokenized or TVL on a"}, {"start": "00:06:26", "end": "00:06:31", "text": "L1 blockchain, it creates about $1 value"}, {"start": "00:06:28", "end": "00:06:34", "text": "for the blockchain. So if 10% moves"}, {"start": "00:06:31", "end": "00:06:36", "text": "onchain, that creates a $16 trillion"}, {"start": "00:06:34", "end": "00:06:38", "text": "market. And keep in mind, crypto is an"}, {"start": "00:06:36", "end": "00:06:40", "text": "AI downstream story. We've talked about"}, {"start": "00:06:38", "end": "00:06:42", "text": "the sport, but as memory and chips"}, {"start": "00:06:40", "end": "00:06:44", "text": "corrected, the Mag 7 software and crypto"}, {"start": "00:06:42", "end": "00:06:47", "text": "should gain. And that's exactly how it's"}, {"start": "00:06:44", "end": "00:06:48", "text": "played out. And we know why. Uh back to"}, {"start": "00:06:47", "end": "00:06:50", "text": "the point there you do know why and I"}, {"start": "00:06:48", "end": "00:06:52", "text": "think this is the thing when you look at"}, {"start": "00:06:50", "end": "00:06:55", "text": "the market right now the downstream of"}, {"start": "00:06:52", "end": "00:06:56", "text": "it for crypto is very AIcentric that's"}, {"start": "00:06:55", "end": "00:06:59", "text": "where it also gets a little bit"}, {"start": "00:06:56", "end": "00:07:01", "text": "concerning just as a reminder what"}, {"start": "00:06:59", "end": "00:07:03", "text": "happened on the crash this was 19"}, {"start": "00:07:01", "end": "00:07:05", "text": "billion in terms of liquidations you"}, {"start": "00:07:03", "end": "00:07:08", "text": "also had Bitcoin's open interest which"}, {"start": "00:07:05", "end": "00:07:11", "text": "was rebuilding after its anniversary now"}, {"start": "00:07:08", "end": "00:07:13", "text": "but this looks very eerie right there"}, {"start": "00:07:11", "end": "00:07:14", "text": "that's the comparison of this year"}, {"start": "00:07:13", "end": "00:07:17", "text": "versus last year the Bitcoin open"}, {"start": "00:07:14", "end": "00:07:20", "text": "interest 4.1% % in 5 days. We're at 4%"}, {"start": "00:07:17", "end": "00:07:24", "text": "in 7. The open interest market cap 3.7"}, {"start": "00:07:20", "end": "00:07:27", "text": "versus 3.2 and then ETH open interest at"}, {"start": "00:07:24", "end": "00:07:29", "text": "11.3 and versus 10.4. So, uh I'm not"}, {"start": "00:07:27", "end": "00:07:31", "text": "saying that there is anything brewing."}, {"start": "00:07:29", "end": "00:07:33", "text": "What I am saying is that you always have"}, {"start": "00:07:31", "end": "00:07:37", "text": "to look at these kinds of components"}, {"start": "00:07:33", "end": "00:07:39", "text": "because they are sometimes rhyming in"}, {"start": "00:07:37", "end": "00:07:41", "text": "terms of how markets react. One good"}, {"start": "00:07:39", "end": "00:07:43", "text": "thing is when you look at these"}, {"start": "00:07:41", "end": "00:07:45", "text": "insurance funds that are in these crypto"}, {"start": "00:07:43", "end": "00:07:47", "text": "exchanges, Binance of course leading the"}, {"start": "00:07:45", "end": "00:07:49", "text": "way right there with their insurance"}, {"start": "00:07:47", "end": "00:07:51", "text": "fund and the history there of course was"}, {"start": "00:07:49", "end": "00:07:54", "text": "the 1010 uh event that of course"}, {"start": "00:07:51", "end": "00:07:56", "text": "depleted that. It is now re pretty much"}, {"start": "00:07:54", "end": "00:07:59", "text": "replenished itself. So we're back at"}, {"start": "00:07:56", "end": "00:08:00", "text": "another go here. Not saying that that"}, {"start": "00:07:59", "end": "00:08:02", "text": "would happen, but the point is is that"}, {"start": "00:08:00", "end": "00:08:04", "text": "the market has recovered and been able"}, {"start": "00:08:02", "end": "00:08:05", "text": "to deal with this. So let's take a look"}, {"start": "00:08:04", "end": "00:08:08", "text": "at the crypto fear and greed because"}, {"start": "00:08:05", "end": "00:08:10", "text": "that also kind of has unique alignment"}, {"start": "00:08:08", "end": "00:08:12", "text": "here. This was 107 right there. You can"}, {"start": "00:08:10", "end": "00:08:14", "text": "kind of see the index was around 55."}, {"start": "00:08:12", "end": "00:08:16", "text": "That was when it occurred. We were"}, {"start": "00:08:14", "end": "00:08:19", "text": "actually in a good position. I think in"}, {"start": "00:08:16", "end": "00:08:21", "text": "general the market was looking up and of"}, {"start": "00:08:19", "end": "00:08:24", "text": "course that is when we saw the basically"}, {"start": "00:08:21", "end": "00:08:27", "text": "a full-blown deflation. Well, we're"}, {"start": "00:08:24", "end": "00:08:31", "text": "setting back in at that same period of"}, {"start": "00:08:27", "end": "00:08:33", "text": "time almost at the same exact spot. So"}, {"start": "00:08:31", "end": "00:08:35", "text": "all these things again start to concern"}, {"start": "00:08:33", "end": "00:08:37", "text": "me especially now that you have new"}, {"start": "00:08:35", "end": "00:08:39", "text": "attack vectors that are starting to brew"}, {"start": "00:08:37", "end": "00:08:42", "text": "and that gets into a couple of points."}, {"start": "00:08:39", "end": "00:08:44", "text": "One is Bitcoin ETFs and Ethereum ETFs."}, {"start": "00:08:42", "end": "00:08:47", "text": "This of course is spot Bitcoin ETF daily"}, {"start": "00:08:44", "end": "00:08:49", "text": "uh net flows. This is the largest"}, {"start": "00:08:47", "end": "00:08:51", "text": "outflow since we had of June 20 since"}, {"start": "00:08:49", "end": "00:08:53", "text": "June 25. That's another major factor"}, {"start": "00:08:51", "end": "00:08:57", "text": "because now you have institutions"}, {"start": "00:08:53", "end": "00:08:59", "text": "absolutely evacuating the market. The"}, {"start": "00:08:57", "end": "00:09:01", "text": "question is is does this continue for"}, {"start": "00:08:59", "end": "00:09:04", "text": "the next few days? Do we continue to see"}, {"start": "00:09:01", "end": "00:09:06", "text": "spot bitcoin ETFs, ETH ETFs starting to"}, {"start": "00:09:04", "end": "00:09:08", "text": "outflow and affect the market even"}, {"start": "00:09:06", "end": "00:09:10", "text": "further? Even though we nipped around"}, {"start": "00:09:08", "end": "00:09:12", "text": "80K, the real question is how does this"}, {"start": "00:09:10", "end": "00:09:14", "text": "hold over the weekend? So, we're going"}, {"start": "00:09:12", "end": "00:09:16", "text": "to be watching that one very closely. US"}, {"start": "00:09:14", "end": "00:09:19", "text": "hiring stalled at around 29,000 jobs."}, {"start": "00:09:16", "end": "00:09:22", "text": "We're also getting up updated data"}, {"start": "00:09:19", "end": "00:09:24", "text": "around GDP. I think data that comes in"}, {"start": "00:09:22", "end": "00:09:26", "text": "right before midterms. This is all, you"}, {"start": "00:09:24", "end": "00:09:28", "text": "know, somewhat manipulated in my opinion"}, {"start": "00:09:26", "end": "00:09:30", "text": "because you've got a major election"}, {"start": "00:09:28", "end": "00:09:33", "text": "that's going to brew. Now, you have"}, {"start": "00:09:30", "end": "00:09:34", "text": "Trump out here on Truth Social and the"}, {"start": "00:09:33", "end": "00:09:36", "text": "one thing he's saying is that, hey,"}, {"start": "00:09:34", "end": "00:09:37", "text": "we're not going to be attacking Iran"}, {"start": "00:09:36", "end": "00:09:40", "text": "anytime prior to the midterm elections."}, {"start": "00:09:37", "end": "00:09:44", "text": "Now, I don't know if that means that we"}, {"start": "00:09:40", "end": "00:09:45", "text": "are going to attack Iran because in most"}, {"start": "00:09:44", "end": "00:09:48", "text": "cases, Trump doesn't actually give you"}, {"start": "00:09:45", "end": "00:09:51", "text": "the real narrative that they're planning"}, {"start": "00:09:48", "end": "00:09:53", "text": "to do so for obvious reasons. But the"}, {"start": "00:09:51", "end": "00:09:55", "text": "point being is it starts to get into"}, {"start": "00:09:53", "end": "00:09:58", "text": "this right here, which is where Trump is"}, {"start": "00:09:55", "end": "00:10:00", "text": "hinting at a big surprise to come ahead"}, {"start": "00:09:58", "end": "00:10:03", "text": "of the midterm election. What he means"}, {"start": "00:10:00", "end": "00:10:06", "text": "by that is still unknown and it's always"}, {"start": "00:10:03", "end": "00:10:08", "text": "an October surprise. We've seen this on"}, {"start": "00:10:06", "end": "00:10:10", "text": "almost every single election out there."}, {"start": "00:10:08", "end": "00:10:12", "text": "And I think this is another factor that"}, {"start": "00:10:10", "end": "00:10:14", "text": "plays into it that we have to consider"}, {"start": "00:10:12", "end": "00:10:17", "text": "into the markets. And maybe the markets"}, {"start": "00:10:14", "end": "00:10:19", "text": "themselves are a bit spooked in"}, {"start": "00:10:17", "end": "00:10:22", "text": "reference to what is happening right now"}, {"start": "00:10:19", "end": "00:10:24", "text": "both on a global side but also from an"}, {"start": "00:10:22", "end": "00:10:26", "text": "investable class side of things. So"}, {"start": "00:10:24", "end": "00:10:28", "text": "let's take a look at some of Satrini's"}, {"start": "00:10:26", "end": "00:10:30", "text": "research. This is their investable RWA"}, {"start": "00:10:28", "end": "00:10:32", "text": "stack. It just shows you the full layer"}, {"start": "00:10:30", "end": "00:10:34", "text": "here. I mean these are all of the be the"}, {"start": "00:10:32", "end": "00:10:36", "text": "best of the best out there. You've got"}, {"start": "00:10:34", "end": "00:10:38", "text": "Securitize leading the way right there."}, {"start": "00:10:36", "end": "00:10:40", "text": "Backpack over there on terms of"}, {"start": "00:10:38", "end": "00:10:41", "text": "insurance and legal ownership. You've"}, {"start": "00:10:40", "end": "00:10:44", "text": "got the chains and rails distribution."}, {"start": "00:10:41", "end": "00:10:46", "text": "all the major names, Circle and Athena"}, {"start": "00:10:44", "end": "00:10:49", "text": "over on the cash and stable coin side,"}, {"start": "00:10:46", "end": "00:10:51", "text": "liquidity markets, DeFi, you recognize"}, {"start": "00:10:49", "end": "00:10:53", "text": "all of these. These are the ones I'm"}, {"start": "00:10:51", "end": "00:10:55", "text": "concerned with because of the spook that"}, {"start": "00:10:53", "end": "00:10:58", "text": "the market could generate here with just"}, {"start": "00:10:55", "end": "00:11:00", "text": "any kind of issue that occurs on these"}, {"start": "00:10:58", "end": "00:11:01", "text": "kind of dates and especially when it's"}, {"start": "00:11:00", "end": "00:11:04", "text": "this young, meaning just one one year"}, {"start": "00:11:01", "end": "00:11:06", "text": "ago. And the crypto market kind of works"}, {"start": "00:11:04", "end": "00:11:08", "text": "in these cycles. It's always looking at"}, {"start": "00:11:06", "end": "00:11:11", "text": "things just like this because of the"}, {"start": "00:11:08", "end": "00:11:14", "text": "sentiment that traders kind of lean in"}, {"start": "00:11:11", "end": "00:11:16", "text": "on. Another alarming note was this right"}, {"start": "00:11:14", "end": "00:11:18", "text": "here and that is Ledger is now getting"}, {"start": "00:11:16", "end": "00:11:21", "text": "reportedly hit with another major"}, {"start": "00:11:18", "end": "00:11:24", "text": "exploit uh and it lost right now around"}, {"start": "00:11:21", "end": "00:11:26", "text": "80 losses were around 86 million. Now"}, {"start": "00:11:24", "end": "00:11:28", "text": "granted this did not happen from an"}, {"start": "00:11:26", "end": "00:11:31", "text": "exploit inside Ledger. this was in one"}, {"start": "00:11:28", "end": "00:11:33", "text": "of their supply or one of their uh"}, {"start": "00:11:31", "end": "00:11:36", "text": "resellers. And that's a concern because"}, {"start": "00:11:33", "end": "00:11:38", "text": "that tied into a supply chain issue. And"}, {"start": "00:11:36", "end": "00:11:40", "text": "this is the concern that I always have"}, {"start": "00:11:38", "end": "00:11:43", "text": "about these wallets is that if you don't"}, {"start": "00:11:40", "end": "00:11:45", "text": "control everything from the soup to the"}, {"start": "00:11:43", "end": "00:11:48", "text": "end, you just have problems going"}, {"start": "00:11:45", "end": "00:11:51", "text": "forward. One thing I will say is just"}, {"start": "00:11:48", "end": "00:11:52", "text": "look at where your source of any wallets"}, {"start": "00:11:51", "end": "00:11:55", "text": "come from. Third party resellers"}, {"start": "00:11:52", "end": "00:11:57", "text": "absolutely a no-go. It has to be direct"}, {"start": "00:11:55", "end": "00:12:00", "text": "from the website or direct from the"}, {"start": "00:11:57", "end": "00:12:02", "text": "supplier. And the issue I think you have"}, {"start": "00:12:00", "end": "00:12:04", "text": "to consider is just example of this"}, {"start": "00:12:02", "end": "00:12:06", "text": "right here which is where Ledger is"}, {"start": "00:12:04", "end": "00:12:08", "text": "doing some damage control. We recommend"}, {"start": "00:12:06", "end": "00:12:11", "text": "Ledger users who purchase from this"}, {"start": "00:12:08", "end": "00:12:13", "text": "reseller in the last 90 days to not"}, {"start": "00:12:11", "end": "00:12:15", "text": "initiate setup if you've not done so"}, {"start": "00:12:13", "end": "00:12:17", "text": "yet. So that's pretty bad for the all of"}, {"start": "00:12:15", "end": "00:12:18", "text": "these because all that stock now is"}, {"start": "00:12:17", "end": "00:12:20", "text": "dead. That's just dead stock out there."}, {"start": "00:12:18", "end": "00:12:23", "text": "There's going to be sales on it. Watch"}, {"start": "00:12:20", "end": "00:12:25", "text": "for any sales. I wouldn't take any sale"}, {"start": "00:12:23", "end": "00:12:27", "text": "deals on this, but this is a bad look on"}, {"start": "00:12:25", "end": "00:12:29", "text": "Ledger in general, and it hurts, I"}, {"start": "00:12:27", "end": "00:12:31", "text": "think, the self-custody market with the"}, {"start": "00:12:29", "end": "00:12:34", "text": "exception of maybe a handful out there"}, {"start": "00:12:31", "end": "00:12:36", "text": "that have been able to kind of lock up"}, {"start": "00:12:34", "end": "00:12:38", "text": "on being able to create the keys at"}, {"start": "00:12:36", "end": "00:12:41", "text": "origination point, which is what Tandem"}, {"start": "00:12:38", "end": "00:12:43", "text": "is doing. So, I don't like that in the"}, {"start": "00:12:41", "end": "00:12:44", "text": "sense that what we've seen so far is"}, {"start": "00:12:43", "end": "00:12:46", "text": "Tandem kind of seem one of the only"}, {"start": "00:12:44", "end": "00:12:48", "text": "solutions. Sure, there's software"}, {"start": "00:12:46", "end": "00:12:51", "text": "wallets out there, very effective, but"}, {"start": "00:12:48", "end": "00:12:53", "text": "even those have a certain amount of"}, {"start": "00:12:51", "end": "00:12:56", "text": "attack vector just because of the"}, {"start": "00:12:53", "end": "00:12:57", "text": "component of AI and agents starting to"}, {"start": "00:12:56", "end": "00:13:00", "text": "move into these. So, I'm concerned about"}, {"start": "00:12:57", "end": "00:13:03", "text": "all of these issues right now. Now, you"}, {"start": "00:13:00", "end": "00:13:05", "text": "add in the whole issue of the Qday. So"}, {"start": "00:13:03", "end": "00:13:07", "text": "you guys remember we did a video and and"}, {"start": "00:13:05", "end": "00:13:09", "text": "kind of revealed Justin Drake's"}, {"start": "00:13:07", "end": "00:13:11", "text": "statement last week in reference to Qday"}, {"start": "00:13:09", "end": "00:13:13", "text": "and the fact that Ethereum could be in a"}, {"start": "00:13:11", "end": "00:13:17", "text": "little bit of a vector problem, meaning"}, {"start": "00:13:13", "end": "00:13:19", "text": "an attack issue still concern. And they"}, {"start": "00:13:17", "end": "00:13:21", "text": "accelerated. That's the biggest concern"}, {"start": "00:13:19", "end": "00:13:24", "text": "of all. And I think this has sparked a"}, {"start": "00:13:21", "end": "00:13:26", "text": "debate out there online. The CEO of"}, {"start": "00:13:24", "end": "00:13:28", "text": "Starkware basically said, \"Hey, we're"}, {"start": "00:13:26", "end": "00:13:30", "text": "going to be ready, but Ethereum may not"}, {"start": "00:13:28", "end": "00:13:33", "text": "be able to beat and prepare fast enough"}, {"start": "00:13:30", "end": "00:13:35", "text": "for QA.\" A lot of these companies have a"}, {"start": "00:13:33", "end": "00:13:37", "text": "stake in the game. All right? They're"}, {"start": "00:13:35", "end": "00:13:39", "text": "talking their own book. Just remember"}, {"start": "00:13:37", "end": "00:13:41", "text": "that when you're looking at some of"}, {"start": "00:13:39", "end": "00:13:42", "text": "these statements out there on X or"}, {"start": "00:13:41", "end": "00:13:44", "text": "whatever you guys do in terms of finding"}, {"start": "00:13:42", "end": "00:13:47", "text": "your news cuz here he is right here"}, {"start": "00:13:44", "end": "00:13:49", "text": "getting a lot of inquiries conveniently"}, {"start": "00:13:47", "end": "00:13:52", "text": "from custodians and institutional"}, {"start": "00:13:49", "end": "00:13:54", "text": "players about this. So this almost looks"}, {"start": "00:13:52", "end": "00:13:57", "text": "as though you generate FUD and then you"}, {"start": "00:13:54", "end": "00:13:59", "text": "solve the FUD problem. And those are not"}, {"start": "00:13:57", "end": "00:14:00", "text": "good things anytime. We see that in the"}, {"start": "00:13:59", "end": "00:14:03", "text": "market. We've seen it in all kinds of"}, {"start": "00:14:00", "end": "00:14:05", "text": "tech industries from the beginning of"}, {"start": "00:14:03", "end": "00:14:08", "text": "security all the way into what we're"}, {"start": "00:14:05", "end": "00:14:11", "text": "seeing right now in AI. And I think the"}, {"start": "00:14:08", "end": "00:14:14", "text": "issue faced with crypto actually is"}, {"start": "00:14:11", "end": "00:14:16", "text": "better than that of what we have seen"}, {"start": "00:14:14", "end": "00:14:19", "text": "with almost every other system out"}, {"start": "00:14:16", "end": "00:14:22", "text": "there. Think of every critical system,"}, {"start": "00:14:19", "end": "00:14:24", "text": "banking, power grid, medical, you could"}, {"start": "00:14:22", "end": "00:14:27", "text": "name any of them. And I think their"}, {"start": "00:14:24", "end": "00:14:29", "text": "attack vector is probably more likely"}, {"start": "00:14:27", "end": "00:14:31", "text": "from what we could see on a major AI"}, {"start": "00:14:29", "end": "00:14:34", "text": "event than it would be for crypto for"}, {"start": "00:14:31", "end": "00:14:36", "text": "one reason and that is very simple."}, {"start": "00:14:34", "end": "00:14:38", "text": "Crypto is much more nimble. Meaning"}, {"start": "00:14:36", "end": "00:14:40", "text": "we've already dealt with a lot of this"}, {"start": "00:14:38", "end": "00:14:42", "text": "kind of stuff. Most of these L1s are"}, {"start": "00:14:40", "end": "00:14:45", "text": "already in play on developing. And the"}, {"start": "00:14:42", "end": "00:14:47", "text": "key here is the rollout capability that"}, {"start": "00:14:45", "end": "00:14:50", "text": "an Ethereum could do, an avalanche could"}, {"start": "00:14:47", "end": "00:14:53", "text": "do to be able to affect the situation"}, {"start": "00:14:50", "end": "00:14:57", "text": "much more efficiently than the supply"}, {"start": "00:14:53", "end": "00:14:59", "text": "chain and the layers and layers of old"}, {"start": "00:14:57", "end": "00:15:00", "text": "technology that is riding across all of"}, {"start": "00:14:59", "end": "00:15:03", "text": "these other critical systems out there."}, {"start": "00:15:00", "end": "00:15:04", "text": "So that that is a major concern of mine."}, {"start": "00:15:03", "end": "00:15:06", "text": "And I've got a clip here at the end I"}, {"start": "00:15:04", "end": "00:15:08", "text": "want to play here because this is"}, {"start": "00:15:06", "end": "00:15:12", "text": "Vitalic and he really kind of hits it"}, {"start": "00:15:08", "end": "00:15:14", "text": "home around what Ethereum andor any"}, {"start": "00:15:12", "end": "00:15:17", "text": "strategy needs to consider for the"}, {"start": "00:15:14", "end": "00:15:19", "text": "future of all of this. Take a look."}, {"start": "00:15:17", "end": "00:15:20", "text": "What's keeping your personal data safe?"}, {"start": "00:15:19", "end": "00:15:23", "text": "For example, that's a question for the"}, {"start": "00:15:20", "end": "00:15:26", "text": "operating system. It's a question for"}, {"start": "00:15:23", "end": "00:15:28", "text": "any AI you have that is processing the"}, {"start": "00:15:26", "end": "00:15:30", "text": "data. It's also a question for the"}, {"start": "00:15:28", "end": "00:15:32", "text": "hardware. SI"}, {"start": "00:15:30", "end": "00:15:34", "text": "people say that it's super intelligence."}, {"start": "00:15:32", "end": "00:15:37", "text": "I think there is another SI that matters"}, {"start": "00:15:34", "end": "00:15:41", "text": "just as much. This is element on the"}, {"start": "00:15:37", "end": "00:15:41", "text": "periodic table. It's silicon."}, {"start": "00:15:42", "end": "00:15:47", "text": "Before we would say not your keys, not"}, {"start": "00:15:45", "end": "00:15:51", "text": "your coins. Soon we're going to say not"}, {"start": "00:15:47", "end": "00:15:54", "text": "your silicon, not your keys. For a"}, {"start": "00:15:51", "end": "00:15:56", "text": "system, the hardware that it is written"}, {"start": "00:15:54", "end": "00:15:58", "text": "on and the hardware that links any"}, {"start": "00:15:56", "end": "00:16:01", "text": "consequence of the system to the real"}, {"start": "00:15:58", "end": "00:16:03", "text": "world must also be safe. We have to"}, {"start": "00:16:01", "end": "00:16:06", "text": "think about everything that we build as"}, {"start": "00:16:03", "end": "00:16:08", "text": "a full stack from at every layer going"}, {"start": "00:16:06", "end": "00:16:09", "text": "all the way up to the user all the way"}, {"start": "00:16:08", "end": "00:16:11", "text": "to the left to the chain all the way to"}, {"start": "00:16:09", "end": "00:16:13", "text": "the right to the internet and all the"}, {"start": "00:16:11", "end": "00:16:16", "text": "way down to the yeah hardware. What is a"}, {"start": "00:16:13", "end": "00:16:18", "text": "hardware wallet today is going to become"}, {"start": "00:16:16", "end": "00:16:20", "text": "the universal secure device of tomorrow."}, {"start": "00:16:18", "end": "00:16:23", "text": "These are big problems that the world"}, {"start": "00:16:20", "end": "00:16:26", "text": "will have to deal with and probably many"}, {"start": "00:16:23", "end": "00:16:28", "text": "of these problems the the blockchain"}, {"start": "00:16:26", "end": "00:16:32", "text": "world will have will have to deal with"}, {"start": "00:16:28", "end": "00:16:34", "text": "first. We have seen um AIS take down all"}, {"start": "00:16:32", "end": "00:16:38", "text": "kinds of websites. We've seen AIS"}, {"start": "00:16:34", "end": "00:16:41", "text": "discover uh bug um bugs and exploits in"}, {"start": "00:16:38", "end": "00:16:44", "text": "all kind of software. At the same time,"}, {"start": "00:16:41", "end": "00:16:46", "text": "Ethereum blockchain has not gone down."}, {"start": "00:16:44", "end": "00:16:47", "text": ">> So what Vitalik was getting at right"}, {"start": "00:16:46", "end": "00:16:50", "text": "there I think is right and that is not"}, {"start": "00:16:47", "end": "00:16:52", "text": "your silicon, not your keys. This is"}, {"start": "00:16:50", "end": "00:16:53", "text": "also going to move into other areas of"}, {"start": "00:16:52", "end": "00:16:55", "text": "your own personal life and that's"}, {"start": "00:16:53", "end": "00:16:58", "text": "including your data, your thoughts, all"}, {"start": "00:16:55", "end": "00:17:00", "text": "sorts of scenarios of your collections,"}, {"start": "00:16:58", "end": "00:17:02", "text": "you name anything of value that uh"}, {"start": "00:17:00", "end": "00:17:05", "text": "pertains to an individual, it's going to"}, {"start": "00:17:02", "end": "00:17:08", "text": "start to migrate I think into maybe a"}, {"start": "00:17:05", "end": "00:17:10", "text": "centralized stack but yet decentralized"}, {"start": "00:17:08", "end": "00:17:12", "text": "and that is in the way of Ethereum. So"}, {"start": "00:17:10", "end": "00:17:15", "text": "think about that. If you look at the"}, {"start": "00:17:12", "end": "00:17:18", "text": "attack vectors that are happening in"}, {"start": "00:17:15", "end": "00:17:20", "text": "every major cloudflare,"}, {"start": "00:17:18", "end": "00:17:23", "text": "centralized database,"}, {"start": "00:17:20", "end": "00:17:24", "text": "all of what we're seeing around banking"}, {"start": "00:17:23", "end": "00:17:27", "text": "institutions that are seeing breaches"}, {"start": "00:17:24", "end": "00:17:30", "text": "all of the time, the key is if you get a"}, {"start": "00:17:27", "end": "00:17:32", "text": "major one, everyone every time that one"}, {"start": "00:17:30", "end": "00:17:34", "text": "of those happens versus every time that"}, {"start": "00:17:32", "end": "00:17:36", "text": "it doesn't happen on Ethereum, this is"}, {"start": "00:17:34", "end": "00:17:39", "text": "only bullish, I think, for blockchain"}, {"start": "00:17:36", "end": "00:17:42", "text": "and the advancements and the capability"}, {"start": "00:17:39", "end": "00:17:45", "text": "of something like an Ethereum, a Salana,"}, {"start": "00:17:42", "end": "00:17:46", "text": "an avalanche or others are going to be"}, {"start": "00:17:45", "end": "00:17:49", "text": "able to deal with a lot of these"}, {"start": "00:17:46", "end": "00:17:51", "text": "onslaught much easier, much more nimble"}, {"start": "00:17:49", "end": "00:17:53", "text": "and much more effective. And I think"}, {"start": "00:17:51", "end": "00:17:56", "text": "that is the killer app of what"}, {"start": "00:17:53", "end": "00:17:58", "text": "blockchain brings to the market. And"}, {"start": "00:17:56", "end": "00:18:02", "text": "maybe, just maybe, Wall Street is"}, {"start": "00:17:58", "end": "00:18:02", "text": "starting to recognize it as well."}, {"start": "00:18:06", "end": "00:18:09", "text": "If you like this video, hit like and"}, {"start": "00:18:08", "end": "00:18:12", "text": "subscribe. Drop a [music] comment down"}, {"start": "00:18:09", "end": "00:18:14", "text": "below and also join our free private"}, {"start": "00:18:12", "end": "00:18:16", "text": "member group. The link is in the"}, {"start": "00:18:14", "end": "00:18:16", "text": "description."}]

[{"end": "00:00:05", "start": "00:00:00", "text": "A stable coin comeback is underway and"}, {"end": "00:00:07", "start": "00:00:03", "text": "Quantum may be the nemesis or the"}, {"end": "00:00:09", "start": "00:00:05", "text": "savior. Before we get started, I do want"}, {"end": "00:00:11", "start": "00:00:07", "text": "to thank our sponsor today and that is"}, {"end": "00:00:14", "start": "00:00:09", "text": "Proton Mail. You guys should be getting"}, {"end": "00:00:17", "start": "00:00:11", "text": "into security and the reason is because"}, {"end": "00:00:20", "start": "00:00:14", "text": "Proton Mail is doing a fantastic job at"}, {"end": "00:00:23", "start": "00:00:17", "text": "protecting your privacy. This is the"}, {"end": "00:00:24", "start": "00:00:20", "text": "go-to place to get privacy set up for"}, {"end": "00:00:27", "start": "00:00:23", "text": "yourself. And you can do that starting"}, {"end": "00:00:29", "start": "00:00:24", "text": "with email. So, begin there. If you want"}, {"end": "00:00:32", "start": "00:00:27", "text": "to do this for your business or your"}, {"end": "00:00:33", "start": "00:00:29", "text": "personal account, very easy to do. And"}, {"end": "00:00:36", "start": "00:00:32", "text": "one of the biggest things you can get"}, {"end": "00:00:39", "start": "00:00:33", "text": "into is of course Proton Unlimited."}, {"end": "00:00:41", "start": "00:00:36", "text": "Proton Unlimited gives you a whole slew"}, {"end": "00:00:44", "start": "00:00:39", "text": "of things you can use including mail,"}, {"end": "00:00:46", "start": "00:00:41", "text": "calendar, VPN, also getting Drive. It's"}, {"end": "00:00:48", "start": "00:00:44", "text": "it's almost like a Google replacement."}, {"end": "00:00:50", "start": "00:00:46", "text": "And the best thing here is you get"}, {"end": "00:00:52", "start": "00:00:48", "text": "sheets and also password protection."}, {"end": "00:00:55", "start": "00:00:50", "text": "This is one of the best tools out there"}, {"end": "00:00:59", "start": "00:00:52", "text": "to for security, especially in times"}, {"end": "00:01:01", "start": "00:00:55", "text": "like this when there is so much junk and"}, {"end": "00:01:04", "start": "00:00:59", "text": "scams coming through your mail right"}, {"end": "00:01:05", "start": "00:01:01", "text": "now. Use Proton Unlimited. Use our link"}, {"end": "00:01:07", "start": "00:01:04", "text": "down below to get a little bit of a"}, {"end": "00:01:08", "start": "00:01:05", "text": "discount. Let them know we sent you. But"}, {"end": "00:01:10", "start": "00:01:07", "text": "I want to start off with a tweet today"}, {"end": "00:01:13", "start": "00:01:08", "text": "that will kind of break this down. Uh"}, {"end": "00:01:15", "start": "00:01:10", "text": "and this was in reference to a a major"}, {"end": "00:01:18", "start": "00:01:13", "text": "researcher out there that talked about"}, {"end": "00:01:21", "start": "00:01:15", "text": "quantum and its threat for crypto in"}, {"end": "00:01:23", "start": "00:01:18", "text": "general. And basically what he said, uh,"}, {"end": "00:01:25", "start": "00:01:21", "text": "this being Justin Drake, what he said"}, {"end": "00:01:27", "start": "00:01:23", "text": "was he's warning that the AI hack could"}, {"end": "00:01:29", "start": "00:01:25", "text": "actually hack Bitcoin and Ethereum"}, {"end": "00:01:31", "start": "00:01:27", "text": "wallets soon. This, of course, got"}, {"end": "00:01:33", "start": "00:01:29", "text": "everybody in an uproar. Uh, Kyle kind of"}, {"end": "00:01:36", "start": "00:01:31", "text": "put it here and he says we could see a"}, {"end": "00:01:39", "start": "00:01:33", "text": "pivot into hard RWAs like gold, silver,"}, {"end": "00:01:41", "start": "00:01:36", "text": "collectibles. Uh, the bunker mode trade,"}, {"end": "00:01:43", "start": "00:01:39", "text": "some some people looking at it that way,"}, {"end": "00:01:45", "start": "00:01:41", "text": "but very credible names here is the"}, {"end": "00:01:47", "start": "00:01:43", "text": "point. And even to the point where"}, {"end": "00:01:51", "start": "00:01:45", "text": "Vitalic had to go in and address this."}, {"end": "00:01:52", "start": "00:01:47", "text": "So he went out on stage during the OKX"}, {"end": "00:01:55", "start": "00:01:51", "text": "and the New York Stock Exchange"}, {"end": "00:01:58", "start": "00:01:52", "text": "partnership uh and talked about this and"}, {"end": "00:02:01", "start": "00:01:55", "text": "the key that he was getting into is that"}, {"end": "00:02:04", "start": "00:01:58", "text": "hey don't completely worry about it but"}, {"end": "00:02:05", "start": "00:02:01", "text": "at the same time maybe you should do a"}, {"end": "00:02:08", "start": "00:02:04", "text": "few little updates. So his post right"}, {"end": "00:02:12", "start": "00:02:05", "text": "here simply says is that this is an"}, {"end": "00:02:14", "start": "00:02:08", "text": "implicit assumption that ECDSA"}, {"end": "00:02:16", "start": "00:02:12", "text": "might become weak. Essentially what he's"}, {"end": "00:02:17", "start": "00:02:14", "text": "talking about is Bitcoin right there. Uh"}, {"end": "00:02:20", "start": "00:02:16", "text": "but again, it's very easy to lose funds"}, {"end": "00:02:22", "start": "00:02:17", "text": "from a misconfigured, rushed upgrade. So"}, {"end": "00:02:24", "start": "00:02:20", "text": "don't rush anything right now. So this"}, {"end": "00:02:27", "start": "00:02:22", "text": "of course boiled down to a lot of panic"}, {"end": "00:02:29", "start": "00:02:24", "text": "in the market. Some people think a"}, {"end": "00:02:31", "start": "00:02:27", "text": "little bit of an overreaction. And if"}, {"end": "00:02:33", "start": "00:02:29", "text": "you look at the markets, you can kind of"}, {"end": "00:02:35", "start": "00:02:31", "text": "see it playing out right here. Here's"}, {"end": "00:02:37", "start": "00:02:33", "text": "the others charts on the daily. This is"}, {"end": "00:02:38", "start": "00:02:35", "text": "the falloff right there in most of the"}, {"end": "00:02:41", "start": "00:02:37", "text": "altcoins that of course have been"}, {"end": "00:02:43", "start": "00:02:38", "text": "affected, including Ethereum now trading"}, {"end": "00:02:45", "start": "00:02:41", "text": "under 25. And when you go over and take"}, {"end": "00:02:48", "start": "00:02:43", "text": "a look at the stable coin dominance,"}, {"end": "00:02:51", "start": "00:02:45", "text": "well, there's been a spike. The question"}, {"end": "00:02:53", "start": "00:02:48", "text": "is is why aren't we seeing this play out"}, {"end": "00:02:55", "start": "00:02:51", "text": "in things like the Circle stock? And"}, {"end": "00:02:58", "start": "00:02:53", "text": "I'll explain here in a second, but you"}, {"end": "00:03:01", "start": "00:02:55", "text": "can see it right here. The spike is"}, {"end": "00:03:04", "start": "00:02:58", "text": "significant and it plays directly into"}, {"end": "00:03:06", "start": "00:03:01", "text": "the kind of pullback that we've seen on"}, {"end": "00:03:09", "start": "00:03:04", "text": "the crypto market, especially around all"}, {"end": "00:03:11", "start": "00:03:06", "text": "coins here just over the last 24 hours."}, {"end": "00:03:13", "start": "00:03:09", "text": "If you look at the circle chart, it"}, {"end": "00:03:15", "start": "00:03:11", "text": "continues to grind down. This again on"}, {"end": "00:03:16", "start": "00:03:13", "text": "the daily. And if you look at its top"}, {"end": "00:03:19", "start": "00:03:15", "text": "right here, I want to showcase"}, {"end": "00:03:23", "start": "00:03:16", "text": "something. This was a recent local high"}, {"end": "00:03:27", "start": "00:03:19", "text": "at 131. Circle is now trading almost"}, {"end": "00:03:29", "start": "00:03:23", "text": "40%. So really what happened here was"}, {"end": "00:03:31", "start": "00:03:27", "text": "there's been a little bit of a threat I"}, {"end": "00:03:33", "start": "00:03:29", "text": "think in in the sense of circle. Uh over"}, {"end": "00:03:35", "start": "00:03:31", "text": "a month ago, we started seeing news"}, {"end": "00:03:37", "start": "00:03:33", "text": "coming out from all sorts of banks"}, {"end": "00:03:40", "start": "00:03:35", "text": "initiating their own stable and payment"}, {"end": "00:03:43", "start": "00:03:37", "text": "coins, deposit tokens, and including"}, {"end": "00:03:45", "start": "00:03:40", "text": "this. This was 21 banks by led by uh"}, {"end": "00:03:47", "start": "00:03:43", "text": "Goldman Sachs, uh City, and of course,"}, {"end": "00:03:49", "start": "00:03:45", "text": "all of these companies right here. I'll"}, {"end": "00:03:50", "start": "00:03:47", "text": "zoom in on that to kind of get all of"}, {"end": "00:03:51", "start": "00:03:49", "text": "the names right there, guys. You're"}, {"end": "00:03:54", "start": "00:03:50", "text": "talking about Wells Fargo, Capital One,"}, {"end": "00:03:57", "start": "00:03:51", "text": "Fidelity, uh African Institutions,"}, {"end": "00:04:00", "start": "00:03:54", "text": "Standander, BBVA, Deutsche Bank. The"}, {"end": "00:04:02", "start": "00:03:57", "text": "point is it's everybody out there trying"}, {"end": "00:04:05", "start": "00:04:00", "text": "to get into a point where they have a"}, {"end": "00:04:08", "start": "00:04:02", "text": "digital currency that is a stable coin"}, {"end": "00:04:10", "start": "00:04:05", "text": "correlated to I guess their own deposits"}, {"end": "00:04:12", "start": "00:04:08", "text": "because I'm curious as to whether or not"}, {"end": "00:04:14", "start": "00:04:10", "text": "this is actually going to get done"}, {"end": "00:04:17", "start": "00:04:12", "text": "because this is still not signed and"}, {"end": "00:04:19", "start": "00:04:14", "text": "just remember Wall Street noticed they"}, {"end": "00:04:21", "start": "00:04:17", "text": "looked at all of this movement and"}, {"end": "00:04:22", "start": "00:04:19", "text": "immediately we started seeing the stock"}, {"end": "00:04:25", "start": "00:04:21", "text": "fall off with circle. So that's where"}, {"end": "00:04:27", "start": "00:04:22", "text": "you see that 40% coming off the market"}, {"end": "00:04:30", "start": "00:04:25", "text": "uh in circle in general. Uh you've got"}, {"end": "00:04:32", "start": "00:04:27", "text": "standard charter. They also are set to"}, {"end": "00:04:34", "start": "00:04:30", "text": "launch a crypto custody services for"}, {"end": "00:04:36", "start": "00:04:32", "text": "initial client init international"}, {"end": "00:04:38", "start": "00:04:34", "text": "clients in Singapore. This is just more"}, {"end": "00:04:42", "start": "00:04:36", "text": "news on this. There of course is"}, {"end": "00:04:44", "start": "00:04:38", "text": "Russia's largest banker bank. Uh then"}, {"end": "00:04:46", "start": "00:04:42", "text": "you have further into this the banking"}, {"end": "00:04:48", "start": "00:04:44", "text": "giant Wells Fargo. This is a little bit"}, {"end": "00:04:50", "start": "00:04:46", "text": "laughable. They've been talking about"}, {"end": "00:04:53", "start": "00:04:48", "text": "crypto and integrating some sort of"}, {"end": "00:04:55", "start": "00:04:50", "text": "stable coin for maybe as long as we've"}, {"end": "00:04:57", "start": "00:04:53", "text": "been covering it. It's not going to"}, {"end": "00:05:01", "start": "00:04:55", "text": "happen. And I think these are all so far"}, {"end": "00:05:02", "start": "00:04:57", "text": "behind and I'll explain why. So, uh, be"}, {"end": "00:05:03", "start": "00:05:01", "text": "patient. I'm going to show you an"}, {"end": "00:05:05", "start": "00:05:02", "text": "example of why this is going to work."}, {"end": "00:05:07", "start": "00:05:03", "text": "South Africa's first national bank"}, {"end": "00:05:09", "start": "00:05:05", "text": "launches their crypto trading. All"}, {"end": "00:05:12", "start": "00:05:07", "text": "right. So, you you see the stories and"}, {"end": "00:05:14", "start": "00:05:09", "text": "it's a dime a dozen, guys. We're getting"}, {"end": "00:05:17", "start": "00:05:12", "text": "news like this constantly. It's all"}, {"end": "00:05:19", "start": "00:05:14", "text": "promises, a lot of opium of these banks"}, {"end": "00:05:21", "start": "00:05:17", "text": "ever getting into it. And it's the thing"}, {"end": "00:05:23", "start": "00:05:19", "text": "that I often talk about banks uh just"}, {"end": "00:05:27", "start": "00:05:21", "text": "being too slow. And I just don't see"}, {"end": "00:05:29", "start": "00:05:23", "text": "them switching their mode of operation."}, {"end": "00:05:32", "start": "00:05:27", "text": "They're going to continue to manipulate"}, {"end": "00:05:35", "start": "00:05:29", "text": "and try to benefit themselves. They're"}, {"end": "00:05:36", "start": "00:05:32", "text": "not looking for trying to expand"}, {"end": "00:05:39", "start": "00:05:35", "text": "anything that would really help people."}, {"end": "00:05:41", "start": "00:05:36", "text": "And I think this is where you start to"}, {"end": "00:05:43", "start": "00:05:39", "text": "follow the movements. And this is one of"}, {"end": "00:05:45", "start": "00:05:41", "text": "the biggest movements that has happened"}, {"end": "00:05:48", "start": "00:05:43", "text": "here recently. Remember Samsung added"}, {"end": "00:05:52", "start": "00:05:45", "text": "USDC stable coin to support the Samsung"}, {"end": "00:05:54", "start": "00:05:48", "text": "wallet. This now is in 60 plus countries"}, {"end": "00:05:56", "start": "00:05:52", "text": "and this is all centered around a couple"}, {"end": "00:05:59", "start": "00:05:54", "text": "of chains out there. Salana will be"}, {"end": "00:06:03", "start": "00:05:56", "text": "involved. Circle obviously, but it rolls"}, {"end": "00:06:06", "start": "00:05:59", "text": "out right now to 82 million US"}, {"end": "00:06:08", "start": "00:06:03", "text": "devices. That's just the United States."}, {"end": "00:06:11", "start": "00:06:06", "text": "We'll see more markets this year. I"}, {"end": "00:06:14", "start": "00:06:08", "text": "anticipate this could be maybe a half a"}, {"end": "00:06:16", "start": "00:06:11", "text": "billion people in less than 12 months."}, {"end": "00:06:18", "start": "00:06:14", "text": "Now step back, listen to that and think"}, {"end": "00:06:20", "start": "00:06:16", "text": "about banks being able to make that kind"}, {"end": "00:06:22", "start": "00:06:18", "text": "of footprint in less than 12 months."}, {"end": "00:06:24", "start": "00:06:20", "text": "That's the kind of thing we're running"}, {"end": "00:06:28", "start": "00:06:22", "text": "into. Then you see the acceleration of"}, {"end": "00:06:30", "start": "00:06:24", "text": "what's happening in AI and agents that"}, {"end": "00:06:31", "start": "00:06:28", "text": "are going to start utilizing your mobile"}, {"end": "00:06:33", "start": "00:06:30", "text": "devices. Well, here you have it. AI"}, {"end": "00:06:37", "start": "00:06:31", "text": "agents now could unlock a massive new"}, {"end": "00:06:39", "start": "00:06:33", "text": "wave of adoption for Ethan Soul. And AWS"}, {"end": "00:06:44", "start": "00:06:37", "text": "is enabling AI bots now to pay for web"}, {"end": "00:06:48", "start": "00:06:39", "text": "content using stable coins with the X42."}, {"end": "00:06:49", "start": "00:06:44", "text": "This all leans in to two things. Salana,"}, {"end": "00:06:51", "start": "00:06:48", "text": "well actually three if you still"}, {"end": "00:06:53", "start": "00:06:49", "text": "consider Salana and Ethereum, but I I"}, {"end": "00:06:58", "start": "00:06:51", "text": "look at Salana and Ethereum as one"}, {"end": "00:06:59", "start": "00:06:53", "text": "vehicle avenue. USDC Circle and of"}, {"end": "00:07:02", "start": "00:06:58", "text": "course what we're going to see in terms"}, {"end": "00:07:04", "start": "00:06:59", "text": "of advancements on this. So the AI"}, {"end": "00:07:07", "start": "00:07:02", "text": "agents have already made the choice."}, {"end": "00:07:09", "start": "00:07:04", "text": "They're going to use USDC. I am"}, {"end": "00:07:11", "start": "00:07:07", "text": "surprised that Wall Street has not"}, {"end": "00:07:13", "start": "00:07:09", "text": "caught up to this just yet. And let me"}, {"end": "00:07:16", "start": "00:07:11", "text": "show you example of this. This is the"}, {"end": "00:07:20", "start": "00:07:13", "text": "agent transfer account. Uh take a look"}, {"end": "00:07:23", "start": "00:07:16", "text": "at this. This is the 275 a.5 million in"}, {"end": "00:07:25", "start": "00:07:20", "text": "the LA. This is just beginning. When you"}, {"end": "00:07:28", "start": "00:07:23", "text": "go into this and if you look at the rest"}, {"end": "00:07:30", "start": "00:07:25", "text": "of the charts, none of the other"}, {"end": "00:07:32", "start": "00:07:28", "text": "projects even show up. I mean, they're"}, {"end": "00:07:35", "start": "00:07:30", "text": "not even on the radar here. That's how"}, {"end": "00:07:37", "start": "00:07:32", "text": "much we are talking about the domination"}, {"end": "00:07:39", "start": "00:07:35", "text": "of what Circle is doing. I won't even"}, {"end": "00:07:41", "start": "00:07:37", "text": "say it from a Circle standpoint. The"}, {"end": "00:07:44", "start": "00:07:39", "text": "fact that USDC has been able to do this"}, {"end": "00:07:45", "start": "00:07:41", "text": "and agents are utilizing this, it's one"}, {"end": "00:07:48", "start": "00:07:44", "text": "of the fastest growth opportunities I"}, {"end": "00:07:50", "start": "00:07:45", "text": "think for crypto in general and it's"}, {"end": "00:07:52", "start": "00:07:48", "text": "going to be specific to Ethereum,"}, {"end": "00:07:55", "start": "00:07:50", "text": "Salana, and where USDC and Circle are"}, {"end": "00:07:57", "start": "00:07:52", "text": "going to be playing. Jeremy posted this"}, {"end": "00:08:00", "start": "00:07:55", "text": "right here. This just shows you more"}, {"end": "00:08:02", "start": "00:07:57", "text": "indoctrination here and that is USDC"}, {"end": "00:08:04", "start": "00:08:00", "text": "agent wallets now available in your Muse"}, {"end": "00:08:07", "start": "00:08:02", "text": "account which is getting ready to be"}, {"end": "00:08:09", "start": "00:08:04", "text": "exposed over the next 12 months to"}, {"end": "00:08:12", "start": "00:08:07", "text": "normies. We're talking about everybody"}, {"end": "00:08:14", "start": "00:08:09", "text": "out there understanding that under that"}, {"end": "00:08:17", "start": "00:08:12", "text": "little muse, you know, kind of soft"}, {"end": "00:08:20", "start": "00:08:14", "text": "cuddly thing is a powerful payment"}, {"end": "00:08:23", "start": "00:08:17", "text": "wallet. I look at companies like PayPal,"}, {"end": "00:08:25", "start": "00:08:20", "text": "Venmo, all those kinds of NEO products"}, {"end": "00:08:28", "start": "00:08:23", "text": "that have been out there completely"}, {"end": "00:08:30", "start": "00:08:25", "text": "getting dismantled here if this is"}, {"end": "00:08:32", "start": "00:08:28", "text": "effective and it starts to work the way"}, {"end": "00:08:34", "start": "00:08:30", "text": "that I think some of these companies are"}, {"end": "00:08:36", "start": "00:08:32", "text": "looking to try to get this going. So, we"}, {"end": "00:08:38", "start": "00:08:34", "text": "covered an announcement. Let me kind of"}, {"end": "00:08:40", "start": "00:08:36", "text": "bridge this because there's a a key"}, {"end": "00:08:43", "start": "00:08:38", "text": "point that is going to leverage into"}, {"end": "00:08:45", "start": "00:08:40", "text": "stocks and how this is going to apply to"}, {"end": "00:08:47", "start": "00:08:43", "text": "Circle. You guys remember the notice if"}, {"end": "00:08:49", "start": "00:08:45", "text": "you're, you know, brand new to the show"}, {"end": "00:08:51", "start": "00:08:47", "text": "or maybe you didn't hear the news. This"}, {"end": "00:08:53", "start": "00:08:49", "text": "was in reference to the OKX and ICE,"}, {"end": "00:08:55", "start": "00:08:51", "text": "basically the New York Stock Exchange"}, {"end": "00:08:59", "start": "00:08:53", "text": "tokenizing stocks where you can trade"}, {"end": "00:09:00", "start": "00:08:55", "text": "365 24/7 pretty much anywhere in the"}, {"end": "00:09:02", "start": "00:08:59", "text": "world. This is another thing that I"}, {"end": "00:09:04", "start": "00:09:00", "text": "think a lot of people miss of why are"}, {"end": "00:09:07", "start": "00:09:02", "text": "they tokenizing stocks? Well, this is"}, {"end": "00:09:11", "start": "00:09:04", "text": "going to essentially make stock trading"}, {"end": "00:09:13", "start": "00:09:07", "text": "available to anyone anywhere and it's"}, {"end": "00:09:15", "start": "00:09:11", "text": "going to use it uh with tools like this."}, {"end": "00:09:17", "start": "00:09:13", "text": "I want to go to the white paper here and"}, {"end": "00:09:18", "start": "00:09:15", "text": "I'm going to go to page six and you guys"}, {"end": "00:09:20", "start": "00:09:17", "text": "can pull this down and and learn a"}, {"end": "00:09:21", "start": "00:09:18", "text": "little bit more about it. But this is"}, {"end": "00:09:23", "start": "00:09:20", "text": "just showing some of the stocks that"}, {"end": "00:09:25", "start": "00:09:21", "text": "were involved here. And each tokenized"}, {"end": "00:09:27", "start": "00:09:23", "text": "NMS stock right now will be paired with"}, {"end": "00:09:31", "start": "00:09:25", "text": "a payment stable coin. Now the ones that"}, {"end": "00:09:36", "start": "00:09:27", "text": "are listed there very closely. USDC,"}, {"end": "00:09:38", "start": "00:09:31", "text": "USDG, USDT, USDC is dominating this"}, {"end": "00:09:41", "start": "00:09:36", "text": "component. Imagine that agents have"}, {"end": "00:09:43", "start": "00:09:38", "text": "already made the selection. Wallets have"}, {"end": "00:09:45", "start": "00:09:41", "text": "already made the selection. AI has"}, {"end": "00:09:48", "start": "00:09:43", "text": "already made the selection for the tools"}, {"end": "00:09:50", "start": "00:09:45", "text": "and now you have stocks also coming in"}, {"end": "00:09:53", "start": "00:09:48", "text": "and making the selection. This is going"}, {"end": "00:09:55", "start": "00:09:50", "text": "to blow up I think in a big way. Let's"}, {"end": "00:09:58", "start": "00:09:53", "text": "take a look though because you you have"}, {"end": "00:10:01", "start": "00:09:55", "text": "to consider does the rest of the Wall"}, {"end": "00:10:03", "start": "00:09:58", "text": "Street you know brethren believe this."}, {"end": "00:10:05", "start": "00:10:01", "text": "If you look at Kathy now I won't say"}, {"end": "00:10:08", "start": "00:10:03", "text": "that she's a great I'll say she's a"}, {"end": "00:10:10", "start": "00:10:05", "text": "great stock picker because you look at"}, {"end": "00:10:14", "start": "00:10:08", "text": "some of the the picks she's made right"}, {"end": "00:10:16", "start": "00:10:10", "text": "here. Nvidia holding at about 3.41%."}, {"end": "00:10:18", "start": "00:10:14", "text": "Guess what else is holding a 3.41% of"}, {"end": "00:10:20", "start": "00:10:16", "text": "that portfolio? That's circle. So when"}, {"end": "00:10:23", "start": "00:10:18", "text": "you think about Wall Street, you you"}, {"end": "00:10:25", "start": "00:10:20", "text": "could look at Kathy in one way and I and"}, {"end": "00:10:29", "start": "00:10:23", "text": "I think you have to look at her in the"}, {"end": "00:10:31", "start": "00:10:25", "text": "ability to pick early innovation."}, {"end": "00:10:33", "start": "00:10:29", "text": "Not great at being able to know when and"}, {"end": "00:10:36", "start": "00:10:31", "text": "why to sell that innovation, but knowing"}, {"end": "00:10:38", "start": "00:10:33", "text": "what it is and how it to recognize it"}, {"end": "00:10:40", "start": "00:10:36", "text": "and what it could be coming down the"}, {"end": "00:10:42", "start": "00:10:38", "text": "road. The rest of Wall Street, I think,"}, {"end": "00:10:45", "start": "00:10:40", "text": "is completely lost on this. In fact, I"}, {"end": "00:10:47", "start": "00:10:42", "text": "think they're in a panic mode right now,"}, {"end": "00:10:49", "start": "00:10:45", "text": "thinking that this is actually not going"}, {"end": "00:10:50", "start": "00:10:47", "text": "to work. And that's the problem that"}, {"end": "00:10:52", "start": "00:10:49", "text": "you're going to see because remember,"}, {"end": "00:10:54", "start": "00:10:50", "text": "they're still looking at what JP Morgan"}, {"end": "00:10:56", "start": "00:10:52", "text": "is doing, what Goldman is doing. They're"}, {"end": "00:10:59", "start": "00:10:54", "text": "not really understanding in the weeds of"}, {"end": "00:11:02", "start": "00:10:56", "text": "where crypto is going broadly and on a"}, {"end": "00:11:04", "start": "00:10:59", "text": "global scale, especially when you go out"}, {"end": "00:11:06", "start": "00:11:02", "text": "to some of these corporate entities that"}, {"end": "00:11:08", "start": "00:11:04", "text": "have already made the decision. I mean,"}, {"end": "00:11:10", "start": "00:11:06", "text": "come on. Let's talk about Samsung,"}, {"end": "00:11:12", "start": "00:11:08", "text": "Facebook, Meta. These are just the"}, {"end": "00:11:15", "start": "00:11:10", "text": "beginning. Those are going to be the"}, {"end": "00:11:17", "start": "00:11:12", "text": "leaders. If Samsung is rolling this out,"}, {"end": "00:11:19", "start": "00:11:15", "text": "why would Apple not roll out the same"}, {"end": "00:11:21", "start": "00:11:17", "text": "thing? If Meta is rolling this out,"}, {"end": "00:11:23", "start": "00:11:19", "text": "eventually you're going to see this on"}, {"end": "00:11:25", "start": "00:11:21", "text": "every other platform that is community"}, {"end": "00:11:27", "start": "00:11:23", "text": "engaged, including maybe even YouTube"}, {"end": "00:11:31", "start": "00:11:25", "text": "podcast. We could see all of this"}, {"end": "00:11:33", "start": "00:11:27", "text": "playing into into uh the future of where"}, {"end": "00:11:35", "start": "00:11:31", "text": "maybe USDC is going. But I think more"}, {"end": "00:11:37", "start": "00:11:33", "text": "importantly is where crypto is going"}, {"end": "00:11:40", "start": "00:11:35", "text": "overall. Here is a good example right"}, {"end": "00:11:42", "start": "00:11:37", "text": "here of just people saying, \"Well, this"}, {"end": "00:11:45", "start": "00:11:40", "text": "is what you should look at for potential"}, {"end": "00:11:47", "start": "00:11:42", "text": "investment. Securitize leading the way"}, {"end": "00:11:48", "start": "00:11:45", "text": "right there. This is just kind of"}, {"end": "00:11:50", "start": "00:11:47", "text": "showing the Catrini research what"}, {"end": "00:11:52", "start": "00:11:48", "text": "they're publishing of where you should"}, {"end": "00:11:55", "start": "00:11:50", "text": "be. Coinbase number three, Bitwise,"}, {"end": "00:11:57", "start": "00:11:52", "text": "Robin Hood, uh, then bullish, but even"}, {"end": "00:12:00", "start": "00:11:55", "text": "uh, Hyperlquid above Robin Hood right"}, {"end": "00:12:02", "start": "00:11:57", "text": "there at 14%. Point being is this is all"}, {"end": "00:12:05", "start": "00:12:00", "text": "starting to come together and I think"}, {"end": "00:12:07", "start": "00:12:02", "text": "maybe the market is just behind right"}, {"end": "00:12:10", "start": "00:12:05", "text": "now. So consider that and I think"}, {"end": "00:12:13", "start": "00:12:07", "text": "they're so far behind they've got circle"}, {"end": "00:12:15", "start": "00:12:10", "text": "in the 1135"}, {"end": "00:12:18", "start": "00:12:13", "text": "spot right here."}, {"end": "00:12:21", "start": "00:12:15", "text": "What what companies do you think a"}, {"end": "00:12:24", "start": "00:12:18", "text": "thousand companies that would be rated"}, {"end": "00:12:27", "start": "00:12:21", "text": "above the number one stable coin that's"}, {"end": "00:12:30", "start": "00:12:24", "text": "being used by AI that's being used by"}, {"end": "00:12:32", "start": "00:12:27", "text": "mobile and devices that's being used by"}, {"end": "00:12:34", "start": "00:12:30", "text": "major corporations that are"}, {"end": "00:12:38", "start": "00:12:32", "text": "international that is starting to"}, {"end": "00:12:40", "start": "00:12:34", "text": "basically peg against US treasuries why"}, {"end": "00:12:42", "start": "00:12:38", "text": "would we not see that much higher than"}, {"end": "00:12:45", "start": "00:12:40", "text": "1135 because that's right now where it's"}, {"end": "00:12:47", "start": "00:12:42", "text": "holding at a$20 billion valuation So"}, {"end": "00:12:49", "start": "00:12:45", "text": "maybe one of the best trades of of the"}, {"end": "00:12:51", "start": "00:12:47", "text": "decade. Here of course is Ethereum"}, {"end": "00:12:52", "start": "00:12:49", "text": "getting into this because they've"}, {"end": "00:12:55", "start": "00:12:51", "text": "refreshed everything on their new"}, {"end": "00:12:57", "start": "00:12:52", "text": "website. And I think this is getting"}, {"end": "00:13:00", "start": "00:12:55", "text": "ready to try to do exactly what we've"}, {"end": "00:13:03", "start": "00:12:57", "text": "been talking about and that is bringing"}, {"end": "00:13:05", "start": "00:13:00", "text": "Ethereum and crypto mainstream to where"}, {"end": "00:13:07", "start": "00:13:03", "text": "people truly understand. If you look at"}, {"end": "00:13:08", "start": "00:13:05", "text": "their website, you can kind of see what"}, {"end": "00:13:09", "start": "00:13:07", "text": "does that look like? I mean guys, come"}, {"end": "00:13:12", "start": "00:13:08", "text": "on. This looks like something Black"}, {"end": "00:13:14", "start": "00:13:09", "text": "Rockck built, something JP Morgan would"}, {"end": "00:13:17", "start": "00:13:12", "text": "build. And if you look at just who"}, {"end": "00:13:20", "start": "00:13:14", "text": "they're talking about, it is of course"}, {"end": "00:13:22", "start": "00:13:17", "text": "all the institutions that we're talking"}, {"end": "00:13:26", "start": "00:13:20", "text": "about on a daily basis. Now they're just"}, {"end": "00:13:28", "start": "00:13:22", "text": "a bullet point on an Ethereum website."}, {"end": "00:13:32", "start": "00:13:26", "text": "So think about that guys because we are"}, {"end": "00:13:35", "start": "00:13:28", "text": "looking at maybe a complete redefinition"}, {"end": "00:13:37", "start": "00:13:32", "text": "of the entire financial market and USDC,"}, {"end": "00:13:39", "start": "00:13:35", "text": "Circle and other companies like that"}, {"end": "00:13:42", "start": "00:13:37", "text": "could be on the leading edge of this."}, {"end": "00:13:45", "start": "00:13:39", "text": "So, we are paying very close attention"}, {"end": "00:13:47", "start": "00:13:42", "text": "while Wall Street sleeps."}, {"end": "00:13:47", "start": "00:13:45", "text": "[music]"}, {"end": "00:13:54", "start": "00:13:50", "text": "If you like this video, hit like and"}, {"end": "00:13:56", "start": "00:13:51", "text": "subscribe. Drop a comment down below and"}, {"end": "00:14:00", "start": "00:13:54", "text": "also join our free private member group."}, {"end": "00:14:00", "start": "00:13:56", "text": "The link is in the description."}]

[{"end": "00:00:04", "start": "00:00:00", "text": "Abstract has just become the biggest"}, {"end": "00:00:06", "start": "00:00:02", "text": "wakeup call for institutions. I want to"}, {"end": "00:00:08", "start": "00:00:04", "text": "thank our sponsor today and that is"}, {"end": "00:00:10", "start": "00:00:06", "text": "Tandem where you guys can get into full"}, {"end": "00:00:13", "start": "00:00:08", "text": "self- custody. Very easy to do your"}, {"end": "00:00:15", "start": "00:00:10", "text": "secure crypto hardware wallet. And one"}, {"end": "00:00:17", "start": "00:00:13", "text": "of the things about Tandem that I think"}, {"end": "00:00:20", "start": "00:00:15", "text": "a lot of people misunderstand with"}, {"end": "00:00:22", "start": "00:00:17", "text": "self-custody is the ease of use and also"}, {"end": "00:00:23", "start": "00:00:20", "text": "the ease of being able to get this set"}, {"end": "00:00:26", "start": "00:00:22", "text": "up for you. It's like a credit card."}, {"end": "00:00:27", "start": "00:00:23", "text": "Works with your phone, always present."}, {"end": "00:00:29", "start": "00:00:26", "text": "Make sure to get a three card set so"}, {"end": "00:00:31", "start": "00:00:27", "text": "you've got a backup. But you guys of"}, {"end": "00:00:33", "start": "00:00:29", "text": "course can use our link down below. It's"}, {"end": "00:00:35", "start": "00:00:31", "text": "going to give you a 10% discount. And"}, {"end": "00:00:37", "start": "00:00:33", "text": "they also have several offers from time"}, {"end": "00:00:40", "start": "00:00:35", "text": "to time. So always check what's going on"}, {"end": "00:00:42", "start": "00:00:37", "text": "over there on the website. This is the"}, {"end": "00:00:44", "start": "00:00:40", "text": "self-custody to use. So make sure and"}, {"end": "00:00:45", "start": "00:00:42", "text": "check it out. Tell them we sent you."}, {"end": "00:00:47", "start": "00:00:44", "text": "We'll get into it today to break all of"}, {"end": "00:00:49", "start": "00:00:45", "text": "this down. As you guys know, the"}, {"end": "00:00:52", "start": "00:00:47", "text": "announcement abstract is winding down"}, {"end": "00:00:55", "start": "00:00:49", "text": "and it's happening right now after"}, {"end": "00:00:57", "start": "00:00:52", "text": "almost three years. uh they of course"}, {"end": "00:00:59", "start": "00:00:55", "text": "thrown in the towel and there's a lot of"}, {"end": "00:01:01", "start": "00:00:57", "text": "reasons why. So, one of the things that"}, {"end": "00:01:03", "start": "00:00:59", "text": "happens within these walled gardens is"}, {"end": "00:01:05", "start": "00:01:01", "text": "when you see meme, you know, different"}, {"end": "00:01:07", "start": "00:01:03", "text": "tokens that ride within this uh"}, {"end": "00:01:09", "start": "00:01:05", "text": "platform, within this blockchain, you"}, {"end": "00:01:10", "start": "00:01:07", "text": "can see it right here, guys. All of"}, {"end": "00:01:13", "start": "00:01:09", "text": "these tokens, abstract tokens,"}, {"end": "00:01:15", "start": "00:01:10", "text": "absolutely getting cooked. And this is"}, {"end": "00:01:17", "start": "00:01:13", "text": "what's happening right now. If you're"}, {"end": "00:01:19", "start": "00:01:15", "text": "holding any tokens within there and"}, {"end": "00:01:22", "start": "00:01:17", "text": "you're trying to get out now, you got to"}, {"end": "00:01:24", "start": "00:01:19", "text": "go into one more step and be able to"}, {"end": "00:01:26", "start": "00:01:22", "text": "say, \"Hey, listen. I'm not going to sue"}, {"end": "00:01:28", "start": "00:01:24", "text": "you. It's the last check mark.\" I don't"}, {"end": "00:01:30", "start": "00:01:26", "text": "agree with any of these kind of things"}, {"end": "00:01:32", "start": "00:01:28", "text": "in terms of tactics of doing this. But I"}, {"end": "00:01:34", "start": "00:01:30", "text": "understand why it's being done. It's"}, {"end": "00:01:36", "start": "00:01:32", "text": "also in a position where this"}, {"end": "00:01:38", "start": "00:01:34", "text": "essentially is starting to roll into"}, {"end": "00:01:40", "start": "00:01:36", "text": "other parts of the market. And remember"}, {"end": "00:01:42", "start": "00:01:38", "text": "also this news came out Google Cloud"}, {"end": "00:01:45", "start": "00:01:40", "text": "shutting down its blockchain node"}, {"end": "00:01:47", "start": "00:01:42", "text": "engine. Uh this RPC happens uh closing"}, {"end": "00:01:50", "start": "00:01:45", "text": "actually on December 15th. So what does"}, {"end": "00:01:52", "start": "00:01:47", "text": "this mean for a lot of other L1's? Well,"}, {"end": "00:01:55", "start": "00:01:50", "text": "you've got Blast also winding down,"}, {"end": "00:01:56", "start": "00:01:52", "text": "flipping over to Ethereum. Then of"}, {"end": "00:01:58", "start": "00:01:55", "text": "course you've got issues happening right"}, {"end": "00:02:00", "start": "00:01:56", "text": "here where the SEC is starting and this"}, {"end": "00:02:02", "start": "00:01:58", "text": "is where institutions get in. This"}, {"end": "00:02:05", "start": "00:02:00", "text": "essentially is where they're putting"}, {"end": "00:02:07", "start": "00:02:02", "text": "these ETFs on ice and this is a big"}, {"end": "00:02:09", "start": "00:02:05", "text": "problem because Canary originally Canary"}, {"end": "00:02:13", "start": "00:02:07", "text": "Capital was originally going to launch"}, {"end": "00:02:14", "start": "00:02:09", "text": "the Pangu fund. uh now of course that is"}, {"end": "00:02:16", "start": "00:02:13", "text": "all changing and I think this is"}, {"end": "00:02:18", "start": "00:02:14", "text": "something that will become a major"}, {"end": "00:02:20", "start": "00:02:16", "text": "wakeup call for these institutions and"}, {"end": "00:02:23", "start": "00:02:18", "text": "they're going to start looking at"}, {"end": "00:02:26", "start": "00:02:20", "text": "projects much closer uh when it comes to"}, {"end": "00:02:28", "start": "00:02:23", "text": "things like this and think about this"}, {"end": "00:02:30", "start": "00:02:26", "text": "it's not just Canary Capital I mean this"}, {"end": "00:02:32", "start": "00:02:28", "text": "has been a lot of different institutions"}, {"end": "00:02:34", "start": "00:02:30", "text": "you had Bitwise head of Europe them"}, {"end": "00:02:38", "start": "00:02:32", "text": "going in on it you had Van remember they"}, {"end": "00:02:40", "start": "00:02:34", "text": "were ringing the bell with the penguin"}, {"end": "00:02:42", "start": "00:02:38", "text": "uh at the New York Stock Exchange so"}, {"end": "00:02:44", "start": "00:02:40", "text": "when you think about the institutions."}, {"end": "00:02:45", "start": "00:02:42", "text": "Think of it this way because they're"}, {"end": "00:02:48", "start": "00:02:44", "text": "they're having to talk to clients about"}, {"end": "00:02:49", "start": "00:02:45", "text": "this. This of course major news and the"}, {"end": "00:02:52", "start": "00:02:48", "text": "question is going to come is why why"}, {"end": "00:02:53", "start": "00:02:49", "text": "would we get behind an L2 in the"}, {"end": "00:02:56", "start": "00:02:52", "text": "beginning if this is the kind of"}, {"end": "00:02:58", "start": "00:02:53", "text": "potential issues that could happen and"}, {"end": "00:03:00", "start": "00:02:56", "text": "this has been pretty rampant in terms of"}, {"end": "00:03:04", "start": "00:02:58", "text": "institutional. So I think the wakeup"}, {"end": "00:03:06", "start": "00:03:00", "text": "call is coming further into this. uh you"}, {"end": "00:03:08", "start": "00:03:04", "text": "now if you want to take a look at all"}, {"end": "00:03:10", "start": "00:03:06", "text": "the ecosystem that's centering around"}, {"end": "00:03:13", "start": "00:03:08", "text": "this now saying hey you got a home over"}, {"end": "00:03:15", "start": "00:03:10", "text": "on Robin Hood chain you've got uh of"}, {"end": "00:03:17", "start": "00:03:13", "text": "course Stark saying hey builders and"}, {"end": "00:03:18", "start": "00:03:15", "text": "players who now need a new home no"}, {"end": "00:03:20", "start": "00:03:17", "text": "problem that you're going through this"}, {"end": "00:03:23", "start": "00:03:18", "text": "we're going to help you then you have"}, {"end": "00:03:25", "start": "00:03:20", "text": "inkchained going after abstract friends"}, {"end": "00:03:27", "start": "00:03:23", "text": "saying we welcome uh you guys into"}, {"end": "00:03:29", "start": "00:03:25", "text": "inkchain projects and builders holders"}, {"end": "00:03:32", "start": "00:03:27", "text": "traders you can kind of get to it this"}, {"end": "00:03:34", "start": "00:03:29", "text": "was a big big issue that uh starts to"}, {"end": "00:03:35", "start": "00:03:32", "text": "play out into the rest of the market."}, {"end": "00:03:37", "start": "00:03:34", "text": "So, what I think is going to happen with"}, {"end": "00:03:39", "start": "00:03:35", "text": "Lucenets, first I think he is going to"}, {"end": "00:03:41", "start": "00:03:37", "text": "kind of ignore a lot of that FUD that's"}, {"end": "00:03:44", "start": "00:03:39", "text": "happening right now on crypto Twitter"}, {"end": "00:03:47", "start": "00:03:41", "text": "and he's going to go after the chains"}, {"end": "00:03:49", "start": "00:03:44", "text": "that are ready for the agent economy. If"}, {"end": "00:03:50", "start": "00:03:47", "text": "you just look at the agent economy and"}, {"end": "00:03:53", "start": "00:03:49", "text": "what is happening right now on"}, {"end": "00:03:54", "start": "00:03:50", "text": "cumulative agent growth, you guys know"}, {"end": "00:03:56", "start": "00:03:53", "text": "where this is happening. This is"}, {"end": "00:03:59", "start": "00:03:54", "text": "happening on Ethereum. The new"}, {"end": "00:04:01", "start": "00:03:56", "text": "Glamsterdam uh test ad comes out. The"}, {"end": "00:04:02", "start": "00:03:59", "text": "upgrade is coming in October. Uh this is"}, {"end": "00:04:05", "start": "00:04:01", "text": "one of the factors I think that's going"}, {"end": "00:04:07", "start": "00:04:02", "text": "to explode on Ethereum. You also have"}, {"end": "00:04:09", "start": "00:04:05", "text": "Salana already playing into this. This"}, {"end": "00:04:13", "start": "00:04:07", "text": "is I think going to be one of the"}, {"end": "00:04:15", "start": "00:04:09", "text": "biggest winners and Salana starting a I"}, {"end": "00:04:17", "start": "00:04:13", "text": "think maybe a potential here. I don't"}, {"end": "00:04:18", "start": "00:04:15", "text": "know for sure if this would be a good"}, {"end": "00:04:20", "start": "00:04:17", "text": "home for Pudgy Penguins, but it might"}, {"end": "00:04:22", "start": "00:04:18", "text": "be. I'm not saying that that would be"}, {"end": "00:04:25", "start": "00:04:20", "text": "the case, but you have to think about"}, {"end": "00:04:27", "start": "00:04:22", "text": "the opportunity here and imagine when"}, {"end": "00:04:28", "start": "00:04:25", "text": "you look at the institutions what"}, {"end": "00:04:31", "start": "00:04:27", "text": "they're looking at now, which is exactly"}, {"end": "00:04:33", "start": "00:04:28", "text": "the same thing. And I think this is"}, {"end": "00:04:36", "start": "00:04:31", "text": "where we're going to go. Imagine also"}, {"end": "00:04:38", "start": "00:04:33", "text": "this when you look at the gaming economy"}, {"end": "00:04:40", "start": "00:04:36", "text": "and this is something that has really I"}, {"end": "00:04:42", "start": "00:04:38", "text": "think fallen on its face when it comes"}, {"end": "00:04:45", "start": "00:04:40", "text": "to the crypto side of things. But now"}, {"end": "00:04:47", "start": "00:04:42", "text": "with AI and what we're seeing with agent"}, {"end": "00:04:50", "start": "00:04:45", "text": "builds, this is starting to change a"}, {"end": "00:04:53", "start": "00:04:47", "text": "lot. And this of course was an an entire"}, {"end": "00:04:55", "start": "00:04:50", "text": "Game Boy example being built from agents"}, {"end": "00:04:57", "start": "00:04:53", "text": "inside of Twitter where you guys can go"}, {"end": "00:04:59", "start": "00:04:55", "text": "out there and play right there. Just tap"}, {"end": "00:05:02", "start": "00:04:57", "text": "and move. This is going to change gaming"}, {"end": "00:05:03", "start": "00:04:59", "text": "in general, I think, around how this"}, {"end": "00:05:06", "start": "00:05:02", "text": "plays out. And there's two things to"}, {"end": "00:05:08", "start": "00:05:03", "text": "consider here. You've got one, the"}, {"end": "00:05:10", "start": "00:05:06", "text": "agentic economy that's going to help"}, {"end": "00:05:12", "start": "00:05:08", "text": "with not only the gaming component, but"}, {"end": "00:05:14", "start": "00:05:10", "text": "also with I think brand development that"}, {"end": "00:05:17", "start": "00:05:12", "text": "of course is going to be huge for Pudgy."}, {"end": "00:05:20", "start": "00:05:14", "text": "Uh, and I think the other factor is what"}, {"end": "00:05:22", "start": "00:05:17", "text": "you're going to see with the ability to"}, {"end": "00:05:23", "start": "00:05:20", "text": "scale at low cost. And that's where"}, {"end": "00:05:25", "start": "00:05:22", "text": "Avalanche is going to come in. And I'll"}, {"end": "00:05:27", "start": "00:05:23", "text": "explain that in a second. One other note"}, {"end": "00:05:29", "start": "00:05:25", "text": "is this right here. This is an good"}, {"end": "00:05:31", "start": "00:05:27", "text": "example of an experiment. Playground is"}, {"end": "00:05:32", "start": "00:05:29", "text": "now an experimental gaming platform. Let"}, {"end": "00:05:35", "start": "00:05:31", "text": "you create your own games with zero"}, {"end": "00:05:37", "start": "00:05:32", "text": "coding. Vibe coding is basically coming"}, {"end": "00:05:39", "start": "00:05:35", "text": "to life here. And this is going to again"}, {"end": "00:05:41", "start": "00:05:37", "text": "get back into the point where we may see"}, {"end": "00:05:44", "start": "00:05:39", "text": "a complete renaissance around gaming."}, {"end": "00:05:46", "start": "00:05:41", "text": "And imagine if this starts to move also"}, {"end": "00:05:48", "start": "00:05:44", "text": "into the blockchain sphere. And of"}, {"end": "00:05:50", "start": "00:05:46", "text": "course, the other platform that could"}, {"end": "00:05:51", "start": "00:05:48", "text": "benefit from this is going to be"}, {"end": "00:05:53", "start": "00:05:50", "text": "Avalanche."}, {"end": "00:05:55", "start": "00:05:51", "text": "This is a good example of what Avalanche"}, {"end": "00:05:57", "start": "00:05:53", "text": "is doing right now. When you look at"}, {"end": "00:06:00", "start": "00:05:55", "text": "Avalanche, and just so you know guys, a"}, {"end": "00:06:02", "start": "00:05:57", "text": "subnet on Avalanche is essentially your"}, {"end": "00:06:04", "start": "00:06:00", "text": "own L1. And you can kind of see this"}, {"end": "00:06:06", "start": "00:06:02", "text": "right here where FIFA's in there. You've"}, {"end": "00:06:08", "start": "00:06:04", "text": "got Blaze in there, a handful of But the"}, {"end": "00:06:10", "start": "00:06:06", "text": "point is is that imagine if you're"}, {"end": "00:06:12", "start": "00:06:08", "text": "building a game, you want to be able to"}, {"end": "00:06:14", "start": "00:06:10", "text": "kind of control your own infrastructure."}, {"end": "00:06:16", "start": "00:06:12", "text": "You don't want to be able to fall prey"}, {"end": "00:06:18", "start": "00:06:14", "text": "to something that's happened over on"}, {"end": "00:06:20", "start": "00:06:16", "text": "Salana or even Ethereum because of"}, {"end": "00:06:23", "start": "00:06:18", "text": "something blowing up. So, you need your"}, {"end": "00:06:25", "start": "00:06:20", "text": "own essential network. And this is where"}, {"end": "00:06:28", "start": "00:06:23", "text": "I think Avalanche could play into this."}, {"end": "00:06:31", "start": "00:06:25", "text": "So, a lot of benefits here. The Treasury"}, {"end": "00:06:33", "start": "00:06:28", "text": "CEO now warning that AI agents might"}, {"end": "00:06:34", "start": "00:06:31", "text": "strain blockchain capacity. This gets"}, {"end": "00:06:36", "start": "00:06:33", "text": "back to the point that we've talked"}, {"end": "00:06:38", "start": "00:06:34", "text": "about before. One of the reasons is"}, {"end": "00:06:40", "start": "00:06:36", "text": "going to be this right here. This is the"}, {"end": "00:06:43", "start": "00:06:38", "text": "AVAC Treasury CEO warning that AI agents"}, {"end": "00:06:45", "start": "00:06:40", "text": "may strain the blockchain capacity. And"}, {"end": "00:06:47", "start": "00:06:43", "text": "what he said here is he argues that"}, {"end": "00:06:50", "start": "00:06:45", "text": "proliferating AI agents will stress the"}, {"end": "00:06:52", "start": "00:06:47", "text": "shared blockchains making Avalanch's"}, {"end": "00:06:55", "start": "00:06:50", "text": "subnet architecture a competitive"}, {"end": "00:06:56", "start": "00:06:52", "text": "advantage over ETH and Salana. So right"}, {"end": "00:07:00", "start": "00:06:55", "text": "there you go. Avalanche Cchain now"}, {"end": "00:07:02", "start": "00:06:56", "text": "supporting ERC 80004. This only gets"}, {"end": "00:07:05", "start": "00:07:00", "text": "bigger because the other thing is is"}, {"end": "00:07:08", "start": "00:07:02", "text": "that if you look at this on launching a"}, {"end": "00:07:10", "start": "00:07:05", "text": "validator on Avalanche, this is super"}, {"end": "00:07:13", "start": "00:07:08", "text": "cheap. Every avalanche validator pays a"}, {"end": "00:07:15", "start": "00:07:10", "text": "small monthly continuous fee in Avac. So"}, {"end": "00:07:17", "start": "00:07:13", "text": "imagine builders out there because you"}, {"end": "00:07:19", "start": "00:07:15", "text": "you think about just where abstract has"}, {"end": "00:07:20", "start": "00:07:17", "text": "come from. There's a lot of devs out"}, {"end": "00:07:22", "start": "00:07:19", "text": "there trying to do something and"}, {"end": "00:07:25", "start": "00:07:20", "text": "especially in the gaming side of things."}, {"end": "00:07:26", "start": "00:07:22", "text": "And if you look at how these validators"}, {"end": "00:07:28", "start": "00:07:25", "text": "will work, this is every avalanche"}, {"end": "00:07:30", "start": "00:07:26", "text": "validator pays a small monthly"}, {"end": "00:07:33", "start": "00:07:28", "text": "continuous fee in Avalanche. So it's"}, {"end": "00:07:35", "start": "00:07:30", "text": "possible here for startups because when"}, {"end": "00:07:37", "start": "00:07:33", "text": "you look at ETH or Salana, it's kind of"}, {"end": "00:07:40", "start": "00:07:35", "text": "expensive to launch validator on ETH."}, {"end": "00:07:42", "start": "00:07:37", "text": "You're talking about 32 ETH. Salana also"}, {"end": "00:07:45", "start": "00:07:40", "text": "very expensive. This changes when you go"}, {"end": "00:07:46", "start": "00:07:42", "text": "over to Avac. Look at this right here."}, {"end": "00:07:51", "start": "00:07:45", "text": "As long as the number of Valer stays"}, {"end": "00:07:54", "start": "00:07:46", "text": "below 10,000, it's going to cost 1.33"}, {"end": "00:07:56", "start": "00:07:51", "text": "AVAX per month. Avac trading, let's say"}, {"end": "00:07:57", "start": "00:07:54", "text": "15 bucks right now. That's 20 bucks a"}, {"end": "00:08:00", "start": "00:07:56", "text": "month basically to run your own"}, {"end": "00:08:02", "start": "00:07:57", "text": "validator. That is a value that I think"}, {"end": "00:08:06", "start": "00:08:00", "text": "Avalanche is going to get to. Even if it"}, {"end": "00:08:09", "start": "00:08:02", "text": "if avalanche blows up to 100 200 uh"}, {"end": "00:08:11", "start": "00:08:06", "text": "imagine that being the expense that you"}, {"end": "00:08:12", "start": "00:08:09", "text": "have for running a validator on it. So"}, {"end": "00:08:14", "start": "00:08:11", "text": "huge moves here happening in the market"}, {"end": "00:08:17", "start": "00:08:12", "text": "right now. And let's just look here"}, {"end": "00:08:20", "start": "00:08:14", "text": "because you have Avalanche jumping to"}, {"end": "00:08:23", "start": "00:08:17", "text": "number 20 right here flipping unis swap"}, {"end": "00:08:25", "start": "00:08:20", "text": "flipping canton and"}, {"end": "00:08:28", "start": "00:08:23", "text": "of course we're going to be watching"}, {"end": "00:08:29", "start": "00:08:25", "text": "this pretty closely as avalanche and"}, {"end": "00:08:31", "start": "00:08:28", "text": "other chains are probably going to"}, {"end": "00:08:32", "start": "00:08:29", "text": "benefit from this. If I'll leave you"}, {"end": "00:08:34", "start": "00:08:31", "text": "with one last thought here, and that is"}, {"end": "00:08:37", "start": "00:08:32", "text": "this, follow the money. And you look at"}, {"end": "00:08:39", "start": "00:08:34", "text": "BlackRock uh in terms of distributed"}, {"end": "00:08:41", "start": "00:08:37", "text": "asset value on RWA. And take a look at"}, {"end": "00:08:46", "start": "00:08:39", "text": "it right here, guys. They're essentially"}, {"end": "00:08:48", "start": "00:08:41", "text": "centering in on three of the most"}, {"end": "00:08:50", "start": "00:08:46", "text": "efficient and probably the least"}, {"end": "00:08:51", "start": "00:08:48", "text": "expensive chains out there being able to"}, {"end": "00:08:54", "start": "00:08:50", "text": "do transactions. You've got Salana,"}, {"end": "00:08:57", "start": "00:08:51", "text": "Ethereum, and Avalanche all positioning."}, {"end": "00:08:59", "start": "00:08:54", "text": "And ETH and Avalanche holding about the"}, {"end": "00:09:01", "start": "00:08:57", "text": "same position in terms of market share."}, {"end": "00:09:03", "start": "00:08:59", "text": "So that tells me one thing and that is"}, {"end": "00:09:07", "start": "00:09:01", "text": "that if you're in those three, you're in"}, {"end": "00:09:09", "start": "00:09:03", "text": "the right place at the right time."}, {"end": "00:09:09", "start": "00:09:07", "text": "[music]"}, {"end": "00:09:15", "start": "00:09:11", "text": "If you like this video, hit like and"}, {"end": "00:09:17", "start": "00:09:13", "text": "subscribe. Drop a comment [music] down"}, {"end": "00:09:19", "start": "00:09:15", "text": "below and also join our free private"}, {"end": "00:09:22", "start": "00:09:17", "text": "member group. The link is in the"}, {"end": "00:09:22", "start": "00:09:19", "text": "description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "China is looking on chain and it may be"}, {"start": "00:00:02", "end": "00:00:05", "text": "doing it a way that you may not expect."}, {"start": "00:00:04", "end": "00:00:07", "text": "I want to thank our sponsor today and"}, {"start": "00:00:05", "end": "00:00:10", "text": "that is Tandem where you guys can get"}, {"start": "00:00:07", "end": "00:00:13", "text": "into full self- custody. Very easy to do"}, {"start": "00:00:10", "end": "00:00:15", "text": "your secure crypto hardware wallet. And"}, {"start": "00:00:13", "end": "00:00:17", "text": "one of the things about Tandem that I"}, {"start": "00:00:15", "end": "00:00:20", "text": "think a lot of people misunderstand with"}, {"start": "00:00:17", "end": "00:00:22", "text": "self-custody is the ease of use and also"}, {"start": "00:00:20", "end": "00:00:23", "text": "the ease of being able to get this set"}, {"start": "00:00:22", "end": "00:00:26", "text": "up for you. It's like a credit card."}, {"start": "00:00:23", "end": "00:00:28", "text": "Works with your phone, always present."}, {"start": "00:00:26", "end": "00:00:29", "text": "Make sure to get a three card set so"}, {"start": "00:00:28", "end": "00:00:31", "text": "you've got a backup. But you guys, of"}, {"start": "00:00:29", "end": "00:00:33", "text": "course, can use our link down below."}, {"start": "00:00:31", "end": "00:00:35", "text": "It's going to give you a 10% discount."}, {"start": "00:00:33", "end": "00:00:37", "text": "And they also have several offers from"}, {"start": "00:00:35", "end": "00:00:39", "text": "time to time. So, always check what's"}, {"start": "00:00:37", "end": "00:00:42", "text": "going on over there on the website. This"}, {"start": "00:00:39", "end": "00:00:43", "text": "is the self-custody to use. So, make"}, {"start": "00:00:42", "end": "00:00:46", "text": "sure and check it out. Tell them we sent"}, {"start": "00:00:43", "end": "00:00:48", "text": "you. I want to start with this guys and"}, {"start": "00:00:46", "end": "00:00:50", "text": "that is a senior and I because I don't"}, {"start": "00:00:48", "end": "00:00:51", "text": "want to say that we're not paying"}, {"start": "00:00:50", "end": "00:00:53", "text": "attention to what's going on out there"}, {"start": "00:00:51", "end": "00:00:55", "text": "because this Iran is still putting"}, {"start": "00:00:53", "end": "00:00:56", "text": "pressure on the US. This is where a"}, {"start": "00:00:55", "end": "00:00:58", "text": "senior senior Iranian official is"}, {"start": "00:00:56", "end": "00:01:00", "text": "telling Reuters that they're not going"}, {"start": "00:00:58", "end": "00:01:02", "text": "to give up its enrichment uh in terms of"}, {"start": "00:01:00", "end": "00:01:04", "text": "uranium. So this is one of the things"}, {"start": "00:01:02", "end": "00:01:06", "text": "that of course is affecting the markets"}, {"start": "00:01:04", "end": "00:01:08", "text": "right now and this is really leading"}, {"start": "00:01:06", "end": "00:01:10", "text": "into something that uh of course is"}, {"start": "00:01:08", "end": "00:01:12", "text": "hitting the market today. There's other"}, {"start": "00:01:10", "end": "00:01:15", "text": "macro effects but this of course is one"}, {"start": "00:01:12", "end": "00:01:18", "text": "of them as Bitcoin went to 83k erasing"}, {"start": "00:01:15", "end": "00:01:20", "text": "its recent October gains. The other"}, {"start": "00:01:18", "end": "00:01:22", "text": "thing and and another 642 million of"}, {"start": "00:01:20", "end": "00:01:25", "text": "long positions also liquidated here. So,"}, {"start": "00:01:22", "end": "00:01:26", "text": "paying attention here. I don't know if"}, {"start": "00:01:25", "end": "00:01:29", "text": "you guys think this is the bottom here"}, {"start": "00:01:26", "end": "00:01:31", "text": "in terms of the local side for Bitcoin"}, {"start": "00:01:29", "end": "00:01:33", "text": "and Ethereum. Let me know in the"}, {"start": "00:01:31", "end": "00:01:35", "text": "comments or are you expecting a sub 80K"}, {"start": "00:01:33", "end": "00:01:37", "text": "Bitcoin? Just drop it down in the"}, {"start": "00:01:35", "end": "00:01:39", "text": "comments. Uh I want to get into that."}, {"start": "00:01:37", "end": "00:01:40", "text": "Other things I want to jump on is uh"}, {"start": "00:01:39", "end": "00:01:43", "text": "what's happening right here. You've got"}, {"start": "00:01:40", "end": "00:01:46", "text": "Bitmine and their chair Tom Lee saying"}, {"start": "00:01:43", "end": "00:01:48", "text": "he's never seen a major institutions"}, {"start": "00:01:46", "end": "00:01:51", "text": "declare a bull market in previous"}, {"start": "00:01:48", "end": "00:01:53", "text": "cycles. Well, that all is about to"}, {"start": "00:01:51", "end": "00:01:56", "text": "change cuz right now he says this is the"}, {"start": "00:01:53", "end": "00:01:58", "text": "biggest bull market we've ever seen and"}, {"start": "00:01:56", "end": "00:02:01", "text": "it's coming at us fast. This of course"}, {"start": "00:01:58", "end": "00:02:03", "text": "was announced over at token 2049 in"}, {"start": "00:02:01", "end": "00:02:05", "text": "Singapore. I want to go to a clip here"}, {"start": "00:02:03", "end": "00:02:06", "text": "and the clip will talk about these"}, {"start": "00:02:05", "end": "00:02:08", "text": "yields because everybody's worried about"}, {"start": "00:02:06", "end": "00:02:11", "text": "how fast these yields are growing on the"}, {"start": "00:02:08", "end": "00:02:13", "text": "10-year, on the 20, on the 30 and he"}, {"start": "00:02:11", "end": "00:02:16", "text": "addresses it in this clip as to how it"}, {"start": "00:02:13", "end": "00:02:18", "text": "may affect the markets. Take a look. I"}, {"start": "00:02:16", "end": "00:02:20", "text": "think there's a clue. The fact that the"}, {"start": "00:02:18", "end": "00:02:23", "text": "NASDAQ is hitting all-time highs and"}, {"start": "00:02:20", "end": "00:02:26", "text": "crypto is rallying, I think it's telling"}, {"start": "00:02:23", "end": "00:02:28", "text": "me that the rise in yields might be"}, {"start": "00:02:26", "end": "00:02:31", "text": "transitory. I mean, 5% is is no problem"}, {"start": "00:02:28", "end": "00:02:34", "text": "for the stock market because real growth"}, {"start": "00:02:31", "end": "00:02:35", "text": "is very strong. We're going through peak"}, {"start": "00:02:34", "end": "00:02:36", "text": "inflation. I mean, that's kind of the"}, {"start": "00:02:35", "end": "00:02:39", "text": "Fed view and a lot of economists are"}, {"start": "00:02:36", "end": "00:02:41", "text": "highlighting the transitory impacts"}, {"start": "00:02:39", "end": "00:02:43", "text": "right now hitting CPI. Again, that's"}, {"start": "00:02:41", "end": "00:02:44", "text": "probably why the NASDAQ and crypto are"}, {"start": "00:02:43", "end": "00:02:45", "text": "rallying because they don't see it as"}, {"start": "00:02:44", "end": "00:02:47", "text": "sustained rates."}, {"start": "00:02:45", "end": "00:02:48", "text": ">> Did September payrolls tell us that"}, {"start": "00:02:47", "end": "00:02:49", "text": "something is cracking?"}, {"start": "00:02:48", "end": "00:02:51", "text": ">> Yeah, the September payrolls kind of"}, {"start": "00:02:49", "end": "00:02:53", "text": "confirmed the bigger trend. I mean, jobs"}, {"start": "00:02:51", "end": "00:02:57", "text": "growth used to be 200,000 a month. It's"}, {"start": "00:02:53", "end": "00:02:58", "text": "averaged like 60,000 a month in 2026. I"}, {"start": "00:02:57", "end": "00:03:01", "text": "mean, I'd hardly say that's a booming"}, {"start": "00:02:58", "end": "00:03:04", "text": "economy. So, does the Fed need to really"}, {"start": "00:03:01", "end": "00:03:07", "text": "be stomping on the economy by doing"}, {"start": "00:03:04", "end": "00:03:09", "text": "three hikes this year? All right. So to"}, {"start": "00:03:07", "end": "00:03:12", "text": "the point that Lee is getting at is that"}, {"start": "00:03:09", "end": "00:03:15", "text": "this could be a super cycle that is"}, {"start": "00:03:12", "end": "00:03:17", "text": "brewing and there's one thing that could"}, {"start": "00:03:15", "end": "00:03:19", "text": "possibly start all of this and that is"}, {"start": "00:03:17", "end": "00:03:21", "text": "what's happening in China. I want to go"}, {"start": "00:03:19", "end": "00:03:23", "text": "to a clip here because China is starting"}, {"start": "00:03:21", "end": "00:03:25", "text": "to take notes and they may start"}, {"start": "00:03:23", "end": "00:03:27", "text": "applying them. Take a look."}, {"start": "00:03:25", "end": "00:03:29", "text": ">> In fact, you told the journal that China"}, {"start": "00:03:27", "end": "00:03:34", "text": "will inevitably find a way to manage and"}, {"start": "00:03:29", "end": "00:03:39", "text": "reopen uh crypto activity. I could only"}, {"start": "00:03:34", "end": "00:03:41", "text": "say this um the Chinese government uh is"}, {"start": "00:03:39", "end": "00:03:44", "text": "watching the technology is development"}, {"start": "00:03:41", "end": "00:03:46", "text": "very very closely uh but uh they know"}, {"start": "00:03:44", "end": "00:03:50", "text": "that's not technology they can ignore uh"}, {"start": "00:03:46", "end": "00:03:52", "text": "they are using Hong Kong as the the"}, {"start": "00:03:50", "end": "00:03:53", "text": "region for the to test"}, {"start": "00:03:52", "end": "00:03:55", "text": ">> and if China does reopen the gates"}, {"start": "00:03:53", "end": "00:03:58", "text": "what's the size of the opportunity or"}, {"start": "00:03:55", "end": "00:04:00", "text": "the addressable market there for HSD"}, {"start": "00:03:58", "end": "00:04:02", "text": ">> the Asian population being bigger than"}, {"start": "00:04:00", "end": "00:04:03", "text": "the rest of the population as users of"}, {"start": "00:04:02", "end": "00:04:06", "text": "crypto and traders of cryptos and then"}, {"start": "00:04:03", "end": "00:04:08", "text": "you know China climbing down on crypto"}, {"start": "00:04:06", "end": "00:04:11", "text": "that's what slowed down right I think"}, {"start": "00:04:08", "end": "00:04:14", "text": "the the US market picked up but when the"}, {"start": "00:04:11", "end": "00:04:17", "text": "Chinese government find a way to manage"}, {"start": "00:04:14", "end": "00:04:19", "text": "this and allow access to trading crypto"}, {"start": "00:04:17", "end": "00:04:21", "text": "and allow the technology to be used by"}, {"start": "00:04:19", "end": "00:04:24", "text": "various companies a Chinese company or"}, {"start": "00:04:21", "end": "00:04:26", "text": "crossber trade I think uh the crypto is"}, {"start": "00:04:24", "end": "00:04:29", "text": "going to go through another super cycle"}, {"start": "00:04:26", "end": "00:04:32", "text": ">> so what you listen to there is I think"}, {"start": "00:04:29", "end": "00:04:34", "text": "some key words one is that China is"}, {"start": "00:04:32", "end": "00:04:36", "text": "watching this technology very very"}, {"start": "00:04:34", "end": "00:04:40", "text": "closely and when you consider China and"}, {"start": "00:04:36", "end": "00:04:43", "text": "the size of what it is term-wise when"}, {"start": "00:04:40", "end": "00:04:45", "text": "you look at the population uh accord"}, {"start": "00:04:43", "end": "00:04:49", "text": "according to world share it's like 17%"}, {"start": "00:04:45", "end": "00:04:53", "text": "the US is like 4%. Okay. So consider the"}, {"start": "00:04:49", "end": "00:04:55", "text": "2023 GDP which was around 19 trill uh"}, {"start": "00:04:53", "end": "00:04:58", "text": "versus 26 in the US. So the the key here"}, {"start": "00:04:55", "end": "00:05:01", "text": "is is that China is in the midst of"}, {"start": "00:04:58", "end": "00:05:03", "text": "maybe causing a major shakeup here."}, {"start": "00:05:01", "end": "00:05:05", "text": "Think about this for a second. China"}, {"start": "00:05:03", "end": "00:05:06", "text": "banned in 2021. The last time we saw a"}, {"start": "00:05:05", "end": "00:05:09", "text": "real bull run where institutions were"}, {"start": "00:05:06", "end": "00:05:11", "text": "involved, Bitcoin was being banned in"}, {"start": "00:05:09", "end": "00:05:13", "text": "China. Probably one of the major efforts"}, {"start": "00:05:11", "end": "00:05:16", "text": "that kept Bitcoin from hitting the 100K"}, {"start": "00:05:13", "end": "00:05:20", "text": "mark. And now what we've got is China"}, {"start": "00:05:16", "end": "00:05:22", "text": "possibly actually joining the crowd. And"}, {"start": "00:05:20", "end": "00:05:24", "text": "when you consider this right here, China"}, {"start": "00:05:22", "end": "00:05:27", "text": "has more money in the system than ever."}, {"start": "00:05:24", "end": "00:05:29", "text": "It's M2 money supply hit a record 356"}, {"start": "00:05:27", "end": "00:05:32", "text": "trill at the end of August. This was all"}, {"start": "00:05:29", "end": "00:05:35", "text": "from the uh People's Bank of China. And"}, {"start": "00:05:32", "end": "00:05:38", "text": "of course that's around 531 or excuse me"}, {"start": "00:05:35", "end": "00:05:40", "text": "53.1 trillion more than what uh the US"}, {"start": "00:05:38", "end": "00:05:43", "text": "has which is around 23 trillion. So"}, {"start": "00:05:40", "end": "00:05:45", "text": "basically it's double. And you consider"}, {"start": "00:05:43", "end": "00:05:47", "text": "the growth of this and then you look at"}, {"start": "00:05:45", "end": "00:05:50", "text": "just the factors that are playing out"}, {"start": "00:05:47", "end": "00:05:53", "text": "worldwide and you've got a lot happening"}, {"start": "00:05:50", "end": "00:05:55", "text": "because China from it its own citizens"}, {"start": "00:05:53", "end": "00:05:58", "text": "are actually utilizing stable coins"}, {"start": "00:05:55", "end": "00:06:00", "text": "which is now emerging as a parallel"}, {"start": "00:05:58", "end": "00:06:01", "text": "payment network. So this is a train that"}, {"start": "00:06:00", "end": "00:06:03", "text": "I don't think anybody's going to stop in"}, {"start": "00:06:01", "end": "00:06:06", "text": "terms of how China may be entering into"}, {"start": "00:06:03", "end": "00:06:08", "text": "the market. The question will be how do"}, {"start": "00:06:06", "end": "00:06:10", "text": "they come in and what kind of"}, {"start": "00:06:08", "end": "00:06:12", "text": "transactions will we see? All right. So"}, {"start": "00:06:10", "end": "00:06:15", "text": "let's let's take a look at how to tie"}, {"start": "00:06:12", "end": "00:06:16", "text": "this into a blockchain. And one that"}, {"start": "00:06:15", "end": "00:06:18", "text": "we've been watching around this that"}, {"start": "00:06:16", "end": "00:06:20", "text": "could be a winner here is going to be"}, {"start": "00:06:18", "end": "00:06:22", "text": "Salana. If you look at Salana, the"}, {"start": "00:06:20", "end": "00:06:25", "text": "foundation there just to show an example"}, {"start": "00:06:22", "end": "00:06:28", "text": "of how institutional tokenized assets"}, {"start": "00:06:25", "end": "00:06:30", "text": "now also partnering up with Salana. You"}, {"start": "00:06:28", "end": "00:06:31", "text": "got the Salana Foundation and JP Morgan"}, {"start": "00:06:30", "end": "00:06:33", "text": "going right at it. JP Morgan providing"}, {"start": "00:06:31", "end": "00:06:35", "text": "input now on institutional settlement"}, {"start": "00:06:33", "end": "00:06:37", "text": "practices. So that's moving. All right."}, {"start": "00:06:35", "end": "00:06:39", "text": "So you guys remember we we had a video"}, {"start": "00:06:37", "end": "00:06:41", "text": "here last week. It was we had two videos"}, {"start": "00:06:39", "end": "00:06:43", "text": "in reference to Canada. One was of"}, {"start": "00:06:41", "end": "00:06:46", "text": "course showing Carney's strategy around"}, {"start": "00:06:43", "end": "00:06:47", "text": "the use of crypto and blockchain. The"}, {"start": "00:06:46", "end": "00:06:50", "text": "other was looking at some of the"}, {"start": "00:06:47", "end": "00:06:53", "text": "specific products and one of the things"}, {"start": "00:06:50", "end": "00:06:55", "text": "that popped up in that notion was the"}, {"start": "00:06:53", "end": "00:06:58", "text": "idea that maybe tokenization could"}, {"start": "00:06:55", "end": "00:07:01", "text": "happen with products around the world."}, {"start": "00:06:58", "end": "00:07:04", "text": "And one of the key products in Canada"}, {"start": "00:07:01", "end": "00:07:06", "text": "that is globally known is maple syrup."}, {"start": "00:07:04", "end": "00:07:08", "text": "It's almost as if they were watching our"}, {"start": "00:07:06", "end": "00:07:10", "text": "show because take a look at this clip."}, {"start": "00:07:08", "end": "00:07:13", "text": ">> We have demand for the product, [music]"}, {"start": "00:07:10", "end": "00:07:15", "text": "but it's challenging logistically. About"}, {"start": "00:07:13", "end": "00:07:17", "text": "the only place we can sell it is at a"}, {"start": "00:07:15", "end": "00:07:20", "text": "local [music] farmers market and you get"}, {"start": "00:07:17", "end": "00:07:20", "text": "some demand for it."}, {"start": "00:07:20", "end": "00:07:23", "text": ">> [music]"}, {"start": "00:07:20", "end": "00:07:26", "text": ">> What we're doing makes every bottle"}, {"start": "00:07:23", "end": "00:07:30", "text": "digitally identifiable, connecting the"}, {"start": "00:07:26", "end": "00:07:35", "text": "buyer to [music] the producer, which"}, {"start": "00:07:30", "end": "00:07:37", "text": "gives buyers access to syrup with proof"}, {"start": "00:07:35", "end": "00:07:39", "text": "of origin. [music] By like tokenizing"}, {"start": "00:07:37", "end": "00:07:41", "text": "the asset, putting it onto um the Salana"}, {"start": "00:07:39", "end": "00:07:42", "text": "blockchain, and also tying it up to the"}, {"start": "00:07:41", "end": "00:07:45", "text": "IoT [music] device, we're able to"}, {"start": "00:07:42", "end": "00:07:46", "text": "basically uh have it exist outside of"}, {"start": "00:07:45", "end": "00:07:48", "text": "the vault that it's currently in."}, {"start": "00:07:46", "end": "00:07:49", "text": "[music] Right? So, not only can we, you"}, {"start": "00:07:48", "end": "00:07:51", "text": "know, do more like marketing"}, {"start": "00:07:49", "end": "00:07:54", "text": ">> when you looked at uh obviously the deal"}, {"start": "00:07:51", "end": "00:07:55", "text": "there with the maple syrup uh project."}, {"start": "00:07:54", "end": "00:07:57", "text": "What's happening though is there are"}, {"start": "00:07:55", "end": "00:08:00", "text": "other projects meaning you know liquor"}, {"start": "00:07:57", "end": "00:08:02", "text": "is coming online. We're seeing all sorts"}, {"start": "00:08:00", "end": "00:08:04", "text": "of potential opportunities here as RWA,"}, {"start": "00:08:02", "end": "00:08:06", "text": "real world assets coming on chain that"}, {"start": "00:08:04", "end": "00:08:07", "text": "are tied to some of these countries."}, {"start": "00:08:06", "end": "00:08:10", "text": "Imagine if you could do something in"}, {"start": "00:08:07", "end": "00:08:12", "text": "South America, in Mexico, Chile,"}, {"start": "00:08:10", "end": "00:08:14", "text": "Argentina, move over to the Asia Asian"}, {"start": "00:08:12", "end": "00:08:16", "text": "markets. All of these countries are"}, {"start": "00:08:14", "end": "00:08:19", "text": "looking at it in the same way. So"}, {"start": "00:08:16", "end": "00:08:21", "text": "consider that Salana essentially is now"}, {"start": "00:08:19", "end": "00:08:23", "text": "becoming RWA chain. You look at this"}, {"start": "00:08:21", "end": "00:08:26", "text": "right here. This is just swap revenue by"}, {"start": "00:08:23", "end": "00:08:29", "text": "pair category. Salana starting to move"}, {"start": "00:08:26", "end": "00:08:31", "text": "here in reference to tokenized assets."}, {"start": "00:08:29", "end": "00:08:33", "text": "And that's something to keep a very"}, {"start": "00:08:31", "end": "00:08:36", "text": "close eye on as it continues to move."}, {"start": "00:08:33", "end": "00:08:39", "text": "And let's not forget that there are some"}, {"start": "00:08:36", "end": "00:08:40", "text": "meme components that play into Salana,"}, {"start": "00:08:39", "end": "00:08:42", "text": "probably more so than any other chain"}, {"start": "00:08:40", "end": "00:08:45", "text": "out there. And I think that will become"}, {"start": "00:08:42", "end": "00:08:48", "text": "a factor going forward uh to what we're"}, {"start": "00:08:45", "end": "00:08:50", "text": "seeing right now. And so much so Matt"}, {"start": "00:08:48", "end": "00:08:53", "text": "Hogan was talking about this and he"}, {"start": "00:08:50", "end": "00:08:54", "text": "explained this and why Salana might end"}, {"start": "00:08:53", "end": "00:08:56", "text": "up winning. Take a look."}, {"start": "00:08:54", "end": "00:08:57", "text": ">> Yeah. What's what does Wall Street think"}, {"start": "00:08:56", "end": "00:08:59", "text": "of meme stocks?"}, {"start": "00:08:57", "end": "00:09:00", "text": ">> That's a great question. I would say"}, {"start": "00:08:59", "end": "00:09:03", "text": "that they don't even know that it's"}, {"start": "00:09:00", "end": "00:09:05", "text": "happening. My own view is that there's"}, {"start": "00:09:03", "end": "00:09:08", "text": "something actually interesting here. But"}, {"start": "00:09:05", "end": "00:09:11", "text": "the idea of being able to uh pair"}, {"start": "00:09:08", "end": "00:09:13", "text": "something that has uh social and"}, {"start": "00:09:11", "end": "00:09:16", "text": "societal clout with a position in"}, {"start": "00:09:13", "end": "00:09:18", "text": "underlying stock, I think there will be"}, {"start": "00:09:16", "end": "00:09:20", "text": "three or four versions of this that are"}, {"start": "00:09:18", "end": "00:09:22", "text": "actually super interesting. I have a"}, {"start": "00:09:20", "end": "00:09:25", "text": "feeling that this is an important new"}, {"start": "00:09:22", "end": "00:09:27", "text": "idea. It has uh resonance with the"}, {"start": "00:09:25", "end": "00:09:29", "text": "community and we haven't seen its final"}, {"start": "00:09:27", "end": "00:09:33", "text": "form yet. fairly random list of soul,"}, {"start": "00:09:29", "end": "00:09:34", "text": "hype, ze, we spoke about today, Ethan,"}, {"start": "00:09:33", "end": "00:09:37", "text": "BTC, obviously they have to be in there."}, {"start": "00:09:34", "end": "00:09:38", "text": "Which of these assets are most likely to"}, {"start": "00:09:37", "end": "00:09:40", "text": "be among the fastest horses?"}, {"start": "00:09:38", "end": "00:09:42", "text": ">> Not just saying it because I'm here, but"}, {"start": "00:09:40", "end": "00:09:44", "text": "uh as everyone knows, super bullish on"}, {"start": "00:09:42", "end": "00:09:46", "text": "where Salana is going."}, {"start": "00:09:44", "end": "00:09:48", "text": ">> All right, so uh he's kind of picking"}, {"start": "00:09:46", "end": "00:09:49", "text": "the soul chain and I get it. Uh but"}, {"start": "00:09:48", "end": "00:09:51", "text": "remember what he's talking about there"}, {"start": "00:09:49", "end": "00:09:54", "text": "is the meme component and the reason"}, {"start": "00:09:51", "end": "00:09:57", "text": "this is tied or can be tied to RWAS is"}, {"start": "00:09:54", "end": "00:09:58", "text": "this. Imagine when you start to see"}, {"start": "00:09:57", "end": "00:10:00", "text": "countries saying, \"All right, maybe we"}, {"start": "00:09:58", "end": "00:10:02", "text": "need to go on chain. Let's start to"}, {"start": "00:10:00", "end": "00:10:04", "text": "tokenize some of our commodities. Let's"}, {"start": "00:10:02", "end": "00:10:07", "text": "get into RWAs around different products,"}, {"start": "00:10:04", "end": "00:10:09", "text": "companies, uh, whole environments or"}, {"start": "00:10:07", "end": "00:10:12", "text": "industries.\" Imagine the memes that"}, {"start": "00:10:09", "end": "00:10:15", "text": "circle in around those initiatives."}, {"start": "00:10:12", "end": "00:10:18", "text": "That's the kind of community that Salana"}, {"start": "00:10:15", "end": "00:10:21", "text": "brings. And you apply that to RWA and"}, {"start": "00:10:18", "end": "00:10:23", "text": "boom, you've got magic happening uh for"}, {"start": "00:10:21", "end": "00:10:25", "text": "the future. the kind of magic that Lily"}, {"start": "00:10:23", "end": "00:10:27", "text": "Louu was talking about of why Salana"}, {"start": "00:10:25", "end": "00:10:29", "text": "might win this. Take a look."}, {"start": "00:10:27", "end": "00:10:31", "text": ">> The internet capital market we believe"}, {"start": "00:10:29", "end": "00:10:32", "text": "is going to be the largest capital"}, {"start": "00:10:31", "end": "00:10:34", "text": "market, the largest global capital"}, {"start": "00:10:32", "end": "00:10:35", "text": "market going forward. Why is it only"}, {"start": "00:10:34", "end": "00:10:37", "text": "Salana that can actually deliver on"}, {"start": "00:10:35", "end": "00:10:39", "text": "this? Well, if you look at a place like"}, {"start": "00:10:37", "end": "00:10:42", "text": "Southeast Asia, you already see a ton of"}, {"start": "00:10:39", "end": "00:10:44", "text": "fragmentation. You've got uh a multitude"}, {"start": "00:10:42", "end": "00:10:46", "text": "of different countries all on separate"}, {"start": "00:10:44", "end": "00:10:49", "text": "currencies uh even all within the same"}, {"start": "00:10:46", "end": "00:10:51", "text": "time zone across 2.9 billion users. And"}, {"start": "00:10:49", "end": "00:10:53", "text": "that's why over the last couple of years"}, {"start": "00:10:51", "end": "00:10:55", "text": "on every single time frame salon has"}, {"start": "00:10:53", "end": "00:10:57", "text": "been the most used blockchain more than"}, {"start": "00:10:55", "end": "00:10:58", "text": "the entire rest of the industry"}, {"start": "00:10:57", "end": "00:11:01", "text": "combined."}, {"start": "00:10:58", "end": "00:11:03", "text": ">> All right. So more than the entire uh"}, {"start": "00:11:01", "end": "00:11:05", "text": "industry rest of industry combined. And"}, {"start": "00:11:03", "end": "00:11:09", "text": "it's not just what's happening around"}, {"start": "00:11:05", "end": "00:11:11", "text": "the world. It's also the US saying well"}, {"start": "00:11:09", "end": "00:11:13", "text": "maybe we need to look at Salana a little"}, {"start": "00:11:11", "end": "00:11:15", "text": "tighter. Here's BlackRock. When you look"}, {"start": "00:11:13", "end": "00:11:18", "text": "at distributed asset value right now in"}, {"start": "00:11:15", "end": "00:11:21", "text": "RWA well guess who's leading? Yep that's"}, {"start": "00:11:18", "end": "00:11:23", "text": "right. Salana holding a 41.4%"}, {"start": "00:11:21", "end": "00:11:26", "text": "market share. So this is not just"}, {"start": "00:11:23", "end": "00:11:28", "text": "something that is passively happening"}, {"start": "00:11:26", "end": "00:11:30", "text": "lightly. I think this is a major shift"}, {"start": "00:11:28", "end": "00:11:32", "text": "underway and it's a shift that I think"}, {"start": "00:11:30", "end": "00:11:35", "text": "many of the investors are starting to"}, {"start": "00:11:32", "end": "00:11:36", "text": "recognize and really get behind and I"}, {"start": "00:11:35", "end": "00:11:39", "text": "think the next key is going to be how"}, {"start": "00:11:36", "end": "00:11:41", "text": "China could actually become a major"}, {"start": "00:11:39", "end": "00:11:43", "text": "component to this. So be watching this"}, {"start": "00:11:41", "end": "00:11:46", "text": "very close closely. Now, I want to jump"}, {"start": "00:11:43", "end": "00:11:48", "text": "over to another angle here because this"}, {"start": "00:11:46", "end": "00:11:50", "text": "is something that a lot of you guys are"}, {"start": "00:11:48", "end": "00:11:53", "text": "always watching. Who are the best"}, {"start": "00:11:50", "end": "00:11:55", "text": "investors to track? Uh, well, one of"}, {"start": "00:11:53", "end": "00:11:58", "text": "them is Kathy Woods that we've talked"}, {"start": "00:11:55", "end": "00:11:59", "text": "about, uh, never been on our show, but"}, {"start": "00:11:58", "end": "00:12:01", "text": "we've talked about her a lot in"}, {"start": "00:11:59", "end": "00:12:02", "text": "reference to some of the selections. And"}, {"start": "00:12:01", "end": "00:12:04", "text": "the primary reason is she goes into"}, {"start": "00:12:02", "end": "00:12:07", "text": "companies that are usually frontr"}, {"start": "00:12:04", "end": "00:12:10", "text": "runners in terms of news and trends and"}, {"start": "00:12:07", "end": "00:12:14", "text": "their innovation side. Well, this is a"}, {"start": "00:12:10", "end": "00:12:16", "text": "clip of her getting pressed on why they"}, {"start": "00:12:14", "end": "00:12:18", "text": "are not performing against some other"}, {"start": "00:12:16", "end": "00:12:22", "text": "asset classes. Take a look."}, {"start": "00:12:18", "end": "00:12:26", "text": ">> Now, you are comparing us to QQQ's."}, {"start": "00:12:22", "end": "00:12:28", "text": "Uh that is an incorrect comparison"}, {"start": "00:12:26", "end": "00:12:31", "text": "because we are focused on"}, {"start": "00:12:28", "end": "00:12:36", "text": "technologically enabled innovation"}, {"start": "00:12:31", "end": "00:12:40", "text": "across all sectors. What roughly 30% 25"}, {"start": "00:12:36", "end": "00:12:42", "text": "to 30% of our portfolio right now is in"}, {"start": "00:12:40", "end": "00:12:47", "text": "health care which we believe is going to"}, {"start": "00:12:42", "end": "00:12:51", "text": "be the most profound application of AI."}, {"start": "00:12:47", "end": "00:12:55", "text": "The QQQ's are not involved in health"}, {"start": "00:12:51", "end": "00:12:57", "text": "care or in financial services."}, {"start": "00:12:55", "end": "00:13:01", "text": "It's barely involved in financial"}, {"start": "00:12:57", "end": "00:13:04", "text": "services. So there's no comparison."}, {"start": "00:13:01", "end": "00:13:06", "text": ">> All right. So very defensive and I think"}, {"start": "00:13:04", "end": "00:13:08", "text": "for the right reason you had uh"}, {"start": "00:13:06", "end": "00:13:10", "text": "investors kind of pressing Kathy Wood"}, {"start": "00:13:08", "end": "00:13:12", "text": "saying why are you allowed to have any"}, {"start": "00:13:10", "end": "00:13:14", "text": "public speaking opinions when ARC is"}, {"start": "00:13:12", "end": "00:13:17", "text": "literally destroying people's capital."}, {"start": "00:13:14", "end": "00:13:20", "text": "The 5-year performance was down 15%"}, {"start": "00:13:17", "end": "00:13:22", "text": "during an AI boom which we have seen uh"}, {"start": "00:13:20", "end": "00:13:26", "text": "where once in a-lifetime growth boom and"}, {"start": "00:13:22", "end": "00:13:28", "text": "here you are minus5 QQQ is up guess what"}, {"start": "00:13:26", "end": "00:13:30", "text": "112%"}, {"start": "00:13:28", "end": "00:13:31", "text": "in the same time period. So, this is the"}, {"start": "00:13:30", "end": "00:13:34", "text": "challenge that all of you should be"}, {"start": "00:13:31", "end": "00:13:36", "text": "looking at right now, and that is get"}, {"start": "00:13:34", "end": "00:13:37", "text": "out there, do your own research."}, {"start": "00:13:36", "end": "00:13:40", "text": "Hopefully, what we're doing is bring you"}, {"start": "00:13:37", "end": "00:13:42", "text": "news, get you insights, maybe some"}, {"start": "00:13:40", "end": "00:13:45", "text": "analysis on where to kind of look, put a"}, {"start": "00:13:42", "end": "00:13:46", "text": "lens on. And this is the kind of thing"}, {"start": "00:13:45", "end": "00:13:49", "text": "that I think we are all going to be"}, {"start": "00:13:46", "end": "00:13:52", "text": "facing very quickly. You've got the S&P"}, {"start": "00:13:49", "end": "00:13:55", "text": "500 hitting an all a new all-time high."}, {"start": "00:13:52", "end": "00:13:58", "text": "If Tom Lee is right and we see a super"}, {"start": "00:13:55", "end": "00:14:01", "text": "cycle coming in right here, this could"}, {"start": "00:13:58", "end": "00:14:03", "text": "be a huge component forward. Just to"}, {"start": "00:14:01", "end": "00:14:05", "text": "give you a comparison, remember the MAG"}, {"start": "00:14:03", "end": "00:14:07", "text": "7 ETF just to show you the performance"}, {"start": "00:14:05", "end": "00:14:09", "text": "that has been happening. And if you"}, {"start": "00:14:07", "end": "00:14:11", "text": "think about this, this is an easy pick,"}, {"start": "00:14:09", "end": "00:14:13", "text": "I think, for everybody out there uh in"}, {"start": "00:14:11", "end": "00:14:15", "text": "terms of buying. So, if you're not sure,"}, {"start": "00:14:13", "end": "00:14:17", "text": "it's not necessarily you needing a"}, {"start": "00:14:15", "end": "00:14:19", "text": "specialist to go out and do this for"}, {"start": "00:14:17", "end": "00:14:20", "text": "you. In many cases, you can go out and"}, {"start": "00:14:19", "end": "00:14:22", "text": "do this yourself if you're doing the"}, {"start": "00:14:20", "end": "00:14:24", "text": "right kind of research. Now, I get it."}, {"start": "00:14:22", "end": "00:14:25", "text": "Some of you maybe don't have the time."}, {"start": "00:14:24", "end": "00:14:27", "text": "You're in a position where you want to"}, {"start": "00:14:25", "end": "00:14:29", "text": "trust, you know, a major Wall Street"}, {"start": "00:14:27", "end": "00:14:31", "text": "player to get into that. But it is a"}, {"start": "00:14:29", "end": "00:14:33", "text": "factor that is now being asked in the"}, {"start": "00:14:31", "end": "00:14:36", "text": "market. And with all the tools that are"}, {"start": "00:14:33", "end": "00:14:37", "text": "happening around AI, this I think is"}, {"start": "00:14:36", "end": "00:14:39", "text": "only going to get better and better for"}, {"start": "00:14:37", "end": "00:14:41", "text": "traders uh going forward. So pay"}, {"start": "00:14:39", "end": "00:14:44", "text": "attention here. Listen, when you have"}, {"start": "00:14:41", "end": "00:14:46", "text": "Tom Lee getting more views than the"}, {"start": "00:14:44", "end": "00:14:49", "text": "president right now in terms of what's"}, {"start": "00:14:46", "end": "00:14:51", "text": "going on, something is up in the market."}, {"start": "00:14:49", "end": "00:14:53", "text": "Even though we're seeing a little bit of"}, {"start": "00:14:51", "end": "00:14:56", "text": "a pullback right now, something is"}, {"start": "00:14:53", "end": "00:14:58", "text": "brewing. Uh, and I think uh, investors"}, {"start": "00:14:56", "end": "00:15:00", "text": "and traders in general are all preparing"}, {"start": "00:14:58", "end": "00:15:02", "text": "for something. Here is Tom Lee talking"}, {"start": "00:15:00", "end": "00:15:04", "text": "about what the opportunity is around"}, {"start": "00:15:02", "end": "00:15:08", "text": "Ethereum and where he stands."}, {"start": "00:15:04", "end": "00:15:10", "text": ">> Currently at 6 million. That took us a"}, {"start": "00:15:08", "end": "00:15:12", "text": "little over a year. We thought this"}, {"start": "00:15:10", "end": "00:15:16", "text": "would take 5 years. It took us a little"}, {"start": "00:15:12", "end": "00:15:18", "text": "over a year. More importantly, we did"}, {"start": "00:15:16", "end": "00:15:22", "text": "this all in the middle of a bare market."}, {"start": "00:15:18", "end": "00:15:24", "text": "Okay, so we bought ETH"}, {"start": "00:15:22", "end": "00:15:25", "text": "while no one wanted to buy it. We were"}, {"start": "00:15:24", "end": "00:15:29", "text": "glad to buy it cheaply. We bought a lot"}, {"start": "00:15:25", "end": "00:15:31", "text": "at 1,500, but it's in a middle of a bare"}, {"start": "00:15:29", "end": "00:15:34", "text": "market. And now we're going to stop. We"}, {"start": "00:15:31", "end": "00:15:36", "text": "only need to get another 100,000 ETH to"}, {"start": "00:15:34", "end": "00:15:39", "text": "get to 5%. So, as you can see there,"}, {"start": "00:15:36", "end": "00:15:41", "text": "this is a good example of how investors"}, {"start": "00:15:39", "end": "00:15:44", "text": "in BMR are actually getting something"}, {"start": "00:15:41", "end": "00:15:46", "text": "delivered to them that was anticipated."}, {"start": "00:15:44", "end": "00:15:48", "text": "And now you're in a position with what"}, {"start": "00:15:46", "end": "00:15:51", "text": "that's going to do around Ethereum."}, {"start": "00:15:48", "end": "00:15:53", "text": "They're this close to actually obtaining"}, {"start": "00:15:51", "end": "00:15:55", "text": "5% of Ethereum locked up. And remember,"}, {"start": "00:15:53", "end": "00:16:00", "text": "this is just nothing but an earnings"}, {"start": "00:15:55", "end": "00:16:02", "text": "engine for BMNR. So be watching this, be"}, {"start": "00:16:00", "end": "00:16:04", "text": "watching Salana, and take a very close"}, {"start": "00:16:02", "end": "00:16:07", "text": "eye on what's happening in China because"}, {"start": "00:16:04", "end": "00:16:09", "text": "things could get very heated in a very"}, {"start": "00:16:07", "end": "00:16:11", "text": "fast fashion."}, {"start": "00:16:09", "end": "00:16:11", "text": "[music]"}, {"start": "00:16:14", "end": "00:16:17", "text": "If you like this video, hit like and"}, {"start": "00:16:16", "end": "00:16:20", "text": "subscribe. [music] Drop a comment down"}, {"start": "00:16:17", "end": "00:16:21", "text": "below and also join our free private"}, {"start": "00:16:20", "end": "00:16:24", "text": "member group. The link is in the"}, {"start": "00:16:21", "end": "00:16:24", "text": "description."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:11", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:14", "text": "and we're going to discuss the extreme"}, {"start": "00:00:11", "end": "00:00:16", "text": "uncertainty that sits with the market"}, {"start": "00:00:14", "end": "00:00:18", "text": "right now. If you guys like the content,"}, {"start": "00:00:16", "end": "00:00:19", "text": "make sure you subscribe to the channel,"}, {"start": "00:00:18", "end": "00:00:21", "text": "give the video a thumbs up, and also"}, {"start": "00:00:19", "end": "00:00:23", "text": "check out the sale on into the"}, {"start": "00:00:21", "end": "00:00:25", "text": "cryptoverse premium at into the"}, {"start": "00:00:23", "end": "00:00:28", "text": "cryptoverse.com."}, {"start": "00:00:25", "end": "00:00:30", "text": "As a reminder, we do have the first"}, {"start": "00:00:28", "end": "00:00:32", "text": "investing through the cycles conference"}, {"start": "00:00:30", "end": "00:00:34", "text": "coming up uh in just over a month. So,"}, {"start": "00:00:32", "end": "00:00:36", "text": "make sure you guys get your ticket."}, {"start": "00:00:34", "end": "00:00:38", "text": "Prices will be going up on November 1st."}, {"start": "00:00:36", "end": "00:00:41", "text": "Link is in the description below or the"}, {"start": "00:00:38", "end": "00:00:45", "text": "pinned comment. Now, right now, you"}, {"start": "00:00:41", "end": "00:00:48", "text": "know, I've been sort of tracking Bitcoin"}, {"start": "00:00:45", "end": "00:00:51", "text": "for a long time, right? And publicly,"}, {"start": "00:00:48", "end": "00:00:54", "text": "I've been talking about it with with you"}, {"start": "00:00:51", "end": "00:00:57", "text": "guys since 2019 when I started the"}, {"start": "00:00:54", "end": "00:00:59", "text": "YouTube channel. And there are certainly"}, {"start": "00:00:57", "end": "00:01:03", "text": "times where uncertainty gets to some"}, {"start": "00:00:59", "end": "00:01:06", "text": "pretty high levels and and it it feels"}, {"start": "00:01:03", "end": "00:01:10", "text": "like it's there's forces pulling Bitcoin"}, {"start": "00:01:06", "end": "00:01:12", "text": "in either direction. And in those cases,"}, {"start": "00:01:10", "end": "00:01:15", "text": "both the bulls and the bears have a"}, {"start": "00:01:12", "end": "00:01:19", "text": "point. And today, I think we find"}, {"start": "00:01:15", "end": "00:01:22", "text": "ourselves in a similar situation. But I"}, {"start": "00:01:19", "end": "00:01:25", "text": "would argue that uncertainty now is"}, {"start": "00:01:22", "end": "00:01:28", "text": "higher for Bitcoin than it has been in"}, {"start": "00:01:25", "end": "00:01:32", "text": "the past just because of the forces that"}, {"start": "00:01:28", "end": "00:01:36", "text": "are simultaneously pulling on Bitcoin."}, {"start": "00:01:32", "end": "00:01:39", "text": "In one camp, you have the bulls and the"}, {"start": "00:01:36", "end": "00:01:42", "text": "bulls have a great argument"}, {"start": "00:01:39", "end": "00:01:45", "text": "for Bitcoin right now."}, {"start": "00:01:42", "end": "00:01:46", "text": "The Bears are in another camp, but they"}, {"start": "00:01:45", "end": "00:01:50", "text": "have some things they can point to as"}, {"start": "00:01:46", "end": "00:01:52", "text": "well. When it comes to investing,"}, {"start": "00:01:50", "end": "00:01:55", "text": "we have to all recognize that no one"}, {"start": "00:01:52", "end": "00:01:57", "text": "actually knows what's going to happen on"}, {"start": "00:01:55", "end": "00:02:00", "text": "on crypto YouTube and crypto Twitter."}, {"start": "00:01:57", "end": "00:02:02", "text": "There's this idea that, you know, people"}, {"start": "00:02:00", "end": "00:02:04", "text": "are going to know for sure what's going"}, {"start": "00:02:02", "end": "00:02:06", "text": "to happen. And the people that speak the"}, {"start": "00:02:04", "end": "00:02:09", "text": "most loudly, that speak the the most"}, {"start": "00:02:06", "end": "00:02:11", "text": "confidently, those are often those"}, {"start": "00:02:09", "end": "00:02:13", "text": "people are often given"}, {"start": "00:02:11", "end": "00:02:15", "text": "a large platform to sort of voice their"}, {"start": "00:02:13", "end": "00:02:17", "text": "their opinions. And you know, I've"}, {"start": "00:02:15", "end": "00:02:19", "text": "fallen into that as well. Sometimes I"}, {"start": "00:02:17", "end": "00:02:21", "text": "get very deterministic about what I"}, {"start": "00:02:19", "end": "00:02:24", "text": "think's going to happen. And that has"}, {"start": "00:02:21", "end": "00:02:28", "text": "served me well in some cases and then in"}, {"start": "00:02:24", "end": "00:02:30", "text": "other cases it has not. And so what I"}, {"start": "00:02:28", "end": "00:02:32", "text": "want to do is I I want to go through"}, {"start": "00:02:30", "end": "00:02:34", "text": "what exactly is going on in the market."}, {"start": "00:02:32", "end": "00:02:37", "text": "So, if you're a bull, you could"}, {"start": "00:02:34", "end": "00:02:38", "text": "understand the bear the bear case. And"}, {"start": "00:02:37", "end": "00:02:41", "text": "if you're a bear, you can understand the"}, {"start": "00:02:38", "end": "00:02:45", "text": "bull case. And what I think is happening"}, {"start": "00:02:41", "end": "00:02:46", "text": "right now is we are about at a decision"}, {"start": "00:02:45", "end": "00:02:49", "text": "point. I I don't think we're going to"}, {"start": "00:02:46", "end": "00:02:51", "text": "sit here much longer in the low 80s."}, {"start": "00:02:49", "end": "00:02:54", "text": "We're either going to go up and and"}, {"start": "00:02:51", "end": "00:02:57", "text": "print a new local high above 87K really"}, {"start": "00:02:54", "end": "00:02:58", "text": "really soon or it's going to be a fake"}, {"start": "00:02:57", "end": "00:03:01", "text": "breakout and then all the technical"}, {"start": "00:02:58", "end": "00:03:04", "text": "indicators break down. So let's go"}, {"start": "00:03:01", "end": "00:03:06", "text": "through so that you can understand where"}, {"start": "00:03:04", "end": "00:03:10", "text": "we are and why there is so much"}, {"start": "00:03:06", "end": "00:03:13", "text": "disagreement. Okay, the bulls in this"}, {"start": "00:03:10", "end": "00:03:14", "text": "case have a lot going for them and"}, {"start": "00:03:13", "end": "00:03:16", "text": "they've had a lot going for them for a"}, {"start": "00:03:14", "end": "00:03:18", "text": "while"}, {"start": "00:03:16", "end": "00:03:20", "text": "from a pure technical perspective,"}, {"start": "00:03:18", "end": "00:03:23", "text": "right? If you're just looking at at at"}, {"start": "00:03:20", "end": "00:03:26", "text": "technical analysis and you know the RSI,"}, {"start": "00:03:23", "end": "00:03:28", "text": "the MACD, there's a lot that they can"}, {"start": "00:03:26", "end": "00:03:30", "text": "point to. And one of the simplest things"}, {"start": "00:03:28", "end": "00:03:33", "text": "that they can point to is the fact that"}, {"start": "00:03:30", "end": "00:03:35", "text": "Bitcoin had a golden cross, right? It"}, {"start": "00:03:33", "end": "00:03:38", "text": "had a golden cross, had a correction"}, {"start": "00:03:35", "end": "00:03:40", "text": "after the golden cross, and it continued"}, {"start": "00:03:38", "end": "00:03:42", "text": "higher. And as it stands right now, it"}, {"start": "00:03:40", "end": "00:03:45", "text": "is still holding just above the 50-day"}, {"start": "00:03:42", "end": "00:03:48", "text": "moving average. Okay, so everything that"}, {"start": "00:03:45", "end": "00:03:51", "text": "Bitcoin has done since the breakout to"}, {"start": "00:03:48", "end": "00:03:54", "text": "to 87K could be construed as just a"}, {"start": "00:03:51", "end": "00:03:57", "text": "normal correction that is back testing"}, {"start": "00:03:54", "end": "00:03:59", "text": "the prior high. And this would be fairly"}, {"start": "00:03:57", "end": "00:04:01", "text": "normal, right? Like you can't if you're"}, {"start": "00:03:59", "end": "00:04:03", "text": "a bear, you can't look at that and say"}, {"start": "00:04:01", "end": "00:04:07", "text": "that that's necessarily bearish on its"}, {"start": "00:04:03", "end": "00:04:10", "text": "own. It is retesting a prior high. And"}, {"start": "00:04:07", "end": "00:04:13", "text": "what you'll notice is that when Bitcoin"}, {"start": "00:04:10", "end": "00:04:17", "text": "has previously broken down from sort of"}, {"start": "00:04:13", "end": "00:04:21", "text": "like a a wick low, that formed a bottom"}, {"start": "00:04:17", "end": "00:04:24", "text": "that then yielded a new high. So, as it"}, {"start": "00:04:21", "end": "00:04:28", "text": "stands right now, that is something that"}, {"start": "00:04:24", "end": "00:04:31", "text": "the bulls can point to and say, \"Look,"}, {"start": "00:04:28", "end": "00:04:34", "text": "so what if we swept the low? Why can't"}, {"start": "00:04:31", "end": "00:04:36", "text": "we just do the same thing we did last"}, {"start": "00:04:34", "end": "00:04:38", "text": "time, right? Sweep the low, consolidate"}, {"start": "00:04:36", "end": "00:04:40", "text": "over the weekend, you know, potentially,"}, {"start": "00:04:38", "end": "00:04:45", "text": "and then head back up by Sunday night.\""}, {"start": "00:04:40", "end": "00:04:47", "text": "Okay, now this is certainly a compelling"}, {"start": "00:04:45", "end": "00:04:51", "text": "case. Now, I've, you know, I'm at the"}, {"start": "00:04:47", "end": "00:04:53", "text": "point now where if Bitcoin were to break"}, {"start": "00:04:51", "end": "00:04:55", "text": "down that, it might almost be one of"}, {"start": "00:04:53", "end": "00:04:58", "text": "those things where where you have to"}, {"start": "00:04:55", "end": "00:05:02", "text": "almost like be careful what you wish for"}, {"start": "00:04:58", "end": "00:05:06", "text": "because obviously going into Q4 and and"}, {"start": "00:05:02", "end": "00:05:08", "text": "really going I mean in Q3 I I said that"}, {"start": "00:05:06", "end": "00:05:11", "text": "I I thought we were forming a low for"}, {"start": "00:05:08", "end": "00:05:14", "text": "Bitcoin at 57K,"}, {"start": "00:05:11", "end": "00:05:16", "text": "but what I was not expecting was I was"}, {"start": "00:05:14", "end": "00:05:20", "text": "not expecting the rally to take out the"}, {"start": "00:05:16", "end": "00:05:22", "text": "prior high. Okay. And and that kind of"}, {"start": "00:05:20", "end": "00:05:24", "text": "messed me up a little bit because it it"}, {"start": "00:05:22", "end": "00:05:27", "text": "made sense for the low to occur at"}, {"start": "00:05:24", "end": "00:05:29", "text": "around 57K. I mean, in 2018, we had a"}, {"start": "00:05:27", "end": "00:05:31", "text": "low at at 5700. And we talked a lot"}, {"start": "00:05:29", "end": "00:05:34", "text": "about how the the structure of the"}, {"start": "00:05:31", "end": "00:05:37", "text": "market is very similar in terms of like,"}, {"start": "00:05:34", "end": "00:05:41", "text": "you know, a February low in both cases"}, {"start": "00:05:37", "end": "00:05:43", "text": "and then a a a lower high in May and"}, {"start": "00:05:41", "end": "00:05:46", "text": "then a lower low in the summer. And then"}, {"start": "00:05:43", "end": "00:05:48", "text": "you get your your summer rally in Q3 and"}, {"start": "00:05:46", "end": "00:05:50", "text": "then you get your typical Q4 dump. And"}, {"start": "00:05:48", "end": "00:05:54", "text": "and that was kind of what I said was the"}, {"start": "00:05:50", "end": "00:05:56", "text": "most likely outcome. And um obviously"}, {"start": "00:05:54", "end": "00:05:58", "text": "with Bitcoin putting in a higher high"}, {"start": "00:05:56", "end": "00:05:59", "text": "that has called things into question and"}, {"start": "00:05:58", "end": "00:06:01", "text": "has made me a little bit less less"}, {"start": "00:05:59", "end": "00:06:04", "text": "deterministic. So I've you know I really"}, {"start": "00:06:01", "end": "00:06:06", "text": "want to understand what the bull case"}, {"start": "00:06:04", "end": "00:06:08", "text": "is. And so one of the things you can"}, {"start": "00:06:06", "end": "00:06:12", "text": "look towards is you can say look this is"}, {"start": "00:06:08", "end": "00:06:14", "text": "a normal stairstepping pattern after you"}, {"start": "00:06:12", "end": "00:06:16", "text": "know after you form a low when you look"}, {"start": "00:06:14", "end": "00:06:18", "text": "at the"}, {"start": "00:06:16", "end": "00:06:21", "text": "longerterm moving averages right you"}, {"start": "00:06:18", "end": "00:06:23", "text": "could say look Bitcoin is now above the"}, {"start": "00:06:21", "end": "00:06:26", "text": "50we moving average and when you look at"}, {"start": "00:06:23", "end": "00:06:29", "text": "prior bare markets that started at the"}, {"start": "00:06:26", "end": "00:06:31", "text": "end of a posth having year once Bitcoin"}, {"start": "00:06:29", "end": "00:06:34", "text": "is above the 50we and staying above it"}, {"start": "00:06:31", "end": "00:06:35", "text": "like it has been recently normally it"}, {"start": "00:06:34", "end": "00:06:38", "text": "means the bare market's over, right? And"}, {"start": "00:06:35", "end": "00:06:42", "text": "and you can see that happened many many"}, {"start": "00:06:38", "end": "00:06:43", "text": "times. And from a RSI perspective,"}, {"start": "00:06:42", "end": "00:06:45", "text": "right, if you were to look at the"}, {"start": "00:06:43", "end": "00:06:48", "text": "relative strength index, you can see"}, {"start": "00:06:45", "end": "00:06:51", "text": "that, you know, it looks like Bitcoin"}, {"start": "00:06:48", "end": "00:06:53", "text": "here technically speaking, has done what"}, {"start": "00:06:51", "end": "00:06:55", "text": "it does every bare market, right? And"}, {"start": "00:06:53", "end": "00:06:57", "text": "that's go down to these lows and then it"}, {"start": "00:06:55", "end": "00:07:00", "text": "goes up and it kind of, you know,"}, {"start": "00:06:57", "end": "00:07:03", "text": "catches catches some people off guard."}, {"start": "00:07:00", "end": "00:07:06", "text": "So, there's a lot of indicators that the"}, {"start": "00:07:03", "end": "00:07:08", "text": "bulls can point to and and I think that"}, {"start": "00:07:06", "end": "00:07:11", "text": "that is what has one of the things"}, {"start": "00:07:08", "end": "00:07:12", "text": "that's been pulling Bitcoin higher is"}, {"start": "00:07:11", "end": "00:07:14", "text": "because there's a lot of people that are"}, {"start": "00:07:12", "end": "00:07:16", "text": "going to look at these indicators and"}, {"start": "00:07:14", "end": "00:07:18", "text": "just simply believe that history is"}, {"start": "00:07:16", "end": "00:07:21", "text": "going to repeat itself."}, {"start": "00:07:18", "end": "00:07:25", "text": "And and I've struggled with this because"}, {"start": "00:07:21", "end": "00:07:29", "text": "it it goes against what normally happens"}, {"start": "00:07:25", "end": "00:07:31", "text": "in Bitcoin's, you know, cycle around"}, {"start": "00:07:29", "end": "00:07:36", "text": "around now, right? Normally around now,"}, {"start": "00:07:31", "end": "00:07:37", "text": "Bitcoin is dropping or at least not"}, {"start": "00:07:36", "end": "00:07:42", "text": "spending a lot of time above a prior"}, {"start": "00:07:37", "end": "00:07:46", "text": "high, right? So, the bulls"}, {"start": "00:07:42", "end": "00:07:49", "text": "have a case. And if you want to compare"}, {"start": "00:07:46", "end": "00:07:51", "text": "to 2019, which I think is a relevant"}, {"start": "00:07:49", "end": "00:07:53", "text": "comparison, in fact, I've been making"}, {"start": "00:07:51", "end": "00:07:59", "text": "that comparison for years, that this"}, {"start": "00:07:53", "end": "00:08:02", "text": "entire move here is more like this move."}, {"start": "00:07:59", "end": "00:08:04", "text": "And for a long time, a lot of people"}, {"start": "00:08:02", "end": "00:08:08", "text": "sort of went against that. They're like,"}, {"start": "00:08:04", "end": "00:08:09", "text": "\"No, this is not like 2019.\" But now, of"}, {"start": "00:08:08", "end": "00:08:11", "text": "course, it makes more sense for them to"}, {"start": "00:08:09", "end": "00:08:14", "text": "to favor it because it more so aligns"}, {"start": "00:08:11", "end": "00:08:18", "text": "with their bias. And so what I was"}, {"start": "00:08:14", "end": "00:08:23", "text": "saying was that the 2019 postappathetic"}, {"start": "00:08:18", "end": "00:08:26", "text": "top downturn would align with the 2026"}, {"start": "00:08:23", "end": "00:08:30", "text": "bare market. Now what's interesting is"}, {"start": "00:08:26", "end": "00:08:33", "text": "if you overlay the 2019 bare market with"}, {"start": "00:08:30", "end": "00:08:34", "text": "where Bitcoin is now, you can see that"}, {"start": "00:08:33", "end": "00:08:37", "text": "the lows would have occurred at around"}, {"start": "00:08:34", "end": "00:08:40", "text": "the same time. But what's different is"}, {"start": "00:08:37", "end": "00:08:43", "text": "that in 2019 there was pricebased"}, {"start": "00:08:40", "end": "00:08:47", "text": "capitulation where we reset a lot of the"}, {"start": "00:08:43", "end": "00:08:48", "text": "onchain indicators. Right? So if you're"}, {"start": "00:08:47", "end": "00:08:51", "text": "just looking at it like this, you could"}, {"start": "00:08:48", "end": "00:08:53", "text": "say, well, look, Bitcoin had about a"}, {"start": "00:08:51", "end": "00:08:55", "text": "9-month bare market, but it also had a"}, {"start": "00:08:53", "end": "00:08:58", "text": "9-month bare market after the 2019"}, {"start": "00:08:55", "end": "00:08:59", "text": "apathetic top as well. So why is that"}, {"start": "00:08:58", "end": "00:09:02", "text": "enough? Why is that not enough? And if"}, {"start": "00:08:59", "end": "00:09:05", "text": "you extend that out to the next peak,"}, {"start": "00:09:02", "end": "00:09:07", "text": "who's to say, right, that it can't just"}, {"start": "00:09:05", "end": "00:09:10", "text": "follow a weaker version of what we saw"}, {"start": "00:09:07", "end": "00:09:12", "text": "back then. Now, if you're a bear, you're"}, {"start": "00:09:10", "end": "00:09:14", "text": "just simply going to point out that the"}, {"start": "00:09:12", "end": "00:09:18", "text": "reason why we had such a euphoric rally"}, {"start": "00:09:14", "end": "00:09:21", "text": "back then was due to the monetary policy"}, {"start": "00:09:18", "end": "00:09:25", "text": "response from the pandemic from right"}, {"start": "00:09:21", "end": "00:09:26", "text": "from the pandemic. And if you're a bear,"}, {"start": "00:09:25", "end": "00:09:29", "text": "you're going to say, well, hold on a"}, {"start": "00:09:26", "end": "00:09:31", "text": "second. The reason why Bitcoin was"}, {"start": "00:09:29", "end": "00:09:33", "text": "breaking out so much was because the Fed"}, {"start": "00:09:31", "end": "00:09:37", "text": "was printing trillions of dollars. And"}, {"start": "00:09:33", "end": "00:09:38", "text": "if you look at global net liquidity or"}, {"start": "00:09:37", "end": "00:09:40", "text": "sorry, this is just total assets held by"}, {"start": "00:09:38", "end": "00:09:43", "text": "the Federal Reserve. What you'll notice"}, {"start": "00:09:40", "end": "00:09:46", "text": "is that Bitcoin didn't really start"}, {"start": "00:09:43", "end": "00:09:48", "text": "moving to those levels until after the"}, {"start": "00:09:46", "end": "00:09:51", "text": "balance sheet started to expand after"}, {"start": "00:09:48", "end": "00:09:54", "text": "the crisis. But right now, we're not"}, {"start": "00:09:51", "end": "00:09:56", "text": "really seeing the balance sheet expand."}, {"start": "00:09:54", "end": "00:09:59", "text": "is sort of in this phase here"}, {"start": "00:09:56", "end": "00:10:02", "text": "pre-expansion and last time it required"}, {"start": "00:09:59", "end": "00:10:04", "text": "a crisis to get the balance sheet to"}, {"start": "00:10:02", "end": "00:10:05", "text": "really start expanding and we don't know"}, {"start": "00:10:04", "end": "00:10:11", "text": "what would have happened back then had"}, {"start": "00:10:05", "end": "00:10:15", "text": "that not occurred. Okay. So in in in one"}, {"start": "00:10:11", "end": "00:10:19", "text": "sense in one sense the bulls can simply"}, {"start": "00:10:15", "end": "00:10:22", "text": "say look we had a 9-month bare market"}, {"start": "00:10:19", "end": "00:10:24", "text": "like 2019 why does it need to reset the"}, {"start": "00:10:22", "end": "00:10:26", "text": "onchain indicators if we don't go to the"}, {"start": "00:10:24", "end": "00:10:27", "text": "highs why do we have to go to the lows"}, {"start": "00:10:26", "end": "00:10:30", "text": "and what I mean by that is if you look"}, {"start": "00:10:27", "end": "00:10:32", "text": "at things like the MBRVB zcore the"}, {"start": "00:10:30", "end": "00:10:34", "text": "market value realized value zcore or"}, {"start": "00:10:32", "end": "00:10:37", "text": "there's some other onchain indicators as"}, {"start": "00:10:34", "end": "00:10:38", "text": "well historically this thing bottoms you"}, {"start": "00:10:37", "end": "00:10:40", "text": "know after it goes is below zero. Now,"}, {"start": "00:10:38", "end": "00:10:42", "text": "you could argue that the ETFs have kind"}, {"start": "00:10:40", "end": "00:10:44", "text": "of messed with that in some ways. Um,"}, {"start": "00:10:42", "end": "00:10:47", "text": "but normally it it it bottoms below"}, {"start": "00:10:44", "end": "00:10:50", "text": "zero, but it also normally tops well"}, {"start": "00:10:47", "end": "00:10:52", "text": "above where it did top previously. In"}, {"start": "00:10:50", "end": "00:10:54", "text": "2019, it also topped near where it did"}, {"start": "00:10:52", "end": "00:10:57", "text": "this cycle as well, and we still went"}, {"start": "00:10:54", "end": "00:11:00", "text": "below zero. If you're a bull, you would"}, {"start": "00:10:57", "end": "00:11:02", "text": "probably look at the supply in profit or"}, {"start": "00:11:00", "end": "00:11:05", "text": "loss and just simply say that look,"}, {"start": "00:11:02", "end": "00:11:08", "text": "after they cross, historically, the bull"}, {"start": "00:11:05", "end": "00:11:10", "text": "market is in effect. Although the bears"}, {"start": "00:11:08", "end": "00:11:12", "text": "could simply say look they crossed in"}, {"start": "00:11:10", "end": "00:11:15", "text": "2022 and then they crossed again later"}, {"start": "00:11:12", "end": "00:11:17", "text": "on and in 20 2018 they crossed and then"}, {"start": "00:11:15", "end": "00:11:18", "text": "they crossed again in 2020 when we had a"}, {"start": "00:11:17", "end": "00:11:20", "text": "recession. So that's kind of the"}, {"start": "00:11:18", "end": "00:11:22", "text": "elephant in the room as well is you know"}, {"start": "00:11:20", "end": "00:11:24", "text": "there's been a discussion about a"}, {"start": "00:11:22", "end": "00:11:25", "text": "recession for probably about four or"}, {"start": "00:11:24", "end": "00:11:30", "text": "five years now and it hasn't"}, {"start": "00:11:25", "end": "00:11:32", "text": "materialized and so in 2019 it was the"}, {"start": "00:11:30", "end": "00:11:35", "text": "recession that kind of killed things"}, {"start": "00:11:32", "end": "00:11:37", "text": "right because if you look at the 50we"}, {"start": "00:11:35", "end": "00:11:40", "text": "moving average"}, {"start": "00:11:37", "end": "00:11:41", "text": "um Bitcoin also went below the 50we"}, {"start": "00:11:40", "end": "00:11:43", "text": "moving average in that bare market and"}, {"start": "00:11:41", "end": "00:11:46", "text": "then got above it but then went back"}, {"start": "00:11:43", "end": "00:11:48", "text": "below it right so it's not like there's"}, {"start": "00:11:46", "end": "00:11:51", "text": "no precedent for this either when you"}, {"start": "00:11:48", "end": "00:11:54", "text": "compare it to the 2019 move. So the"}, {"start": "00:11:51", "end": "00:11:57", "text": "bulls have a case and it's because of"}, {"start": "00:11:54", "end": "00:12:00", "text": "that case that Bitcoin has been doing so"}, {"start": "00:11:57", "end": "00:12:00", "text": "well, right?"}, {"start": "00:12:01", "end": "00:12:06", "text": "Can't deny it, right? You can't deny it."}, {"start": "00:12:03", "end": "00:12:07", "text": "The bears also have a point and I I'll"}, {"start": "00:12:06", "end": "00:12:08", "text": "talk about, you know, how I'm thinking"}, {"start": "00:12:07", "end": "00:12:09", "text": "about it at the end. Like I'm not just"}, {"start": "00:12:08", "end": "00:12:11", "text": "going to, you know, I'm not just here to"}, {"start": "00:12:09", "end": "00:12:14", "text": "sit here and and point out everything"}, {"start": "00:12:11", "end": "00:12:15", "text": "possible, but I'm just trying to put the"}, {"start": "00:12:14", "end": "00:12:17", "text": "evidence in front of you so that you can"}, {"start": "00:12:15", "end": "00:12:20", "text": "understand what the other side is"}, {"start": "00:12:17", "end": "00:12:22", "text": "thinking and why if you're a bull,"}, {"start": "00:12:20", "end": "00:12:23", "text": "you're probably wondering like why is"}, {"start": "00:12:22", "end": "00:12:25", "text": "Bitcoin not higher right now? Because"}, {"start": "00:12:23", "end": "00:12:28", "text": "normally when Bitcoin breaks through the"}, {"start": "00:12:25", "end": "00:12:30", "text": "50we moving average after a midterm year"}, {"start": "00:12:28", "end": "00:12:32", "text": "bare market, it it explodes higher,"}, {"start": "00:12:30", "end": "00:12:34", "text": "right? I mean, it just simply explodes"}, {"start": "00:12:32", "end": "00:12:36", "text": "higher and it doesn't sit there and wait"}, {"start": "00:12:34", "end": "00:12:38", "text": "around and go and back test the 50we"}, {"start": "00:12:36", "end": "00:12:40", "text": "moving average, right? I mean, that's"}, {"start": "00:12:38", "end": "00:12:42", "text": "not something that normally happens. The"}, {"start": "00:12:40", "end": "00:12:44", "text": "only time that it's really struggled"}, {"start": "00:12:42", "end": "00:12:47", "text": "once passing the 50we arguably, is in"}, {"start": "00:12:44", "end": "00:12:51", "text": "2019 where it's begrudgingly went higher"}, {"start": "00:12:47", "end": "00:12:55", "text": "until the recession arrived. So, the"}, {"start": "00:12:51", "end": "00:12:58", "text": "bulls have a case. Now, the bears"}, {"start": "00:12:55", "end": "00:13:02", "text": "could simply say, look, that's great,"}, {"start": "00:12:58", "end": "00:13:03", "text": "right? Like, that's great, but what if"}, {"start": "00:13:02", "end": "00:13:07", "text": "you still have to have price based"}, {"start": "00:13:03", "end": "00:13:11", "text": "capitulation? like what if the the"}, {"start": "00:13:07", "end": "00:13:14", "text": "things like the MVRV Zcore"}, {"start": "00:13:11", "end": "00:13:17", "text": "do have to reset"}, {"start": "00:13:14", "end": "00:13:19", "text": "before we get another bull run. And"}, {"start": "00:13:17", "end": "00:13:23", "text": "that's what's like causing this tugofwar"}, {"start": "00:13:19", "end": "00:13:25", "text": "because on one hand the bulls aren't"}, {"start": "00:13:23", "end": "00:13:26", "text": "going to point out that we didn't go to"}, {"start": "00:13:25", "end": "00:13:27", "text": "extreme levels to the upside. So why"}, {"start": "00:13:26", "end": "00:13:29", "text": "does it have to happen to the downside,"}, {"start": "00:13:27", "end": "00:13:32", "text": "right? The bulls are going to point that"}, {"start": "00:13:29", "end": "00:13:35", "text": "out. But the bears could simply say,"}, {"start": "00:13:32", "end": "00:13:38", "text": "look, when the Fed raised rates in the"}, {"start": "00:13:35", "end": "00:13:41", "text": "past, right? If you look at what Bitcoin"}, {"start": "00:13:38", "end": "00:13:44", "text": "did after the first rate hike in March"}, {"start": "00:13:41", "end": "00:13:47", "text": "of 2022"}, {"start": "00:13:44", "end": "00:13:49", "text": "and look at it what it did here in 2026,"}, {"start": "00:13:47", "end": "00:13:51", "text": "it popped up for a little bit and then"}, {"start": "00:13:49", "end": "00:13:54", "text": "fell off."}, {"start": "00:13:51", "end": "00:13:56", "text": "If you look at what it did in 2015, the"}, {"start": "00:13:54", "end": "00:13:59", "text": "low was already in, but Bitcoin did go"}, {"start": "00:13:56", "end": "00:14:03", "text": "down about 20%. After the rate hike,"}, {"start": "00:13:59", "end": "00:14:05", "text": "okay? Now, if you average those out and"}, {"start": "00:14:03", "end": "00:14:07", "text": "look at 2026,"}, {"start": "00:14:05", "end": "00:14:09", "text": "this is the bare case, right? Like the"}, {"start": "00:14:07", "end": "00:14:12", "text": "bare case is just simply that after the"}, {"start": "00:14:09", "end": "00:14:14", "text": "rate hike, Bitcoin pops up for a few"}, {"start": "00:14:12", "end": "00:14:17", "text": "weeks and then it and then it has that"}, {"start": "00:14:14", "end": "00:14:20", "text": "drop into Q4 anyways, right? and and"}, {"start": "00:14:17", "end": "00:14:23", "text": "that would put you at a about day 94 and"}, {"start": "00:14:20", "end": "00:14:25", "text": "we're currently on day"}, {"start": "00:14:23", "end": "00:14:27", "text": "30, right? So that'd be 64 days from"}, {"start": "00:14:25", "end": "00:14:29", "text": "now. So you're looking at at about mid"}, {"start": "00:14:27", "end": "00:14:32", "text": "to late December. Now mid to late"}, {"start": "00:14:29", "end": "00:14:34", "text": "December seems like a pretty long bare"}, {"start": "00:14:32", "end": "00:14:36", "text": "market, right? Because that's not, you"}, {"start": "00:14:34", "end": "00:14:38", "text": "know, that's not your typical year-long"}, {"start": "00:14:36", "end": "00:14:42", "text": "bare market. And if you're looking at at"}, {"start": "00:14:38", "end": "00:14:46", "text": "late December, that's closer to 60 weeks"}, {"start": "00:14:42", "end": "00:14:48", "text": "rather than 52 or 54. And if you look at"}, {"start": "00:14:46", "end": "00:14:51", "text": "the last two bare markets, the last one"}, {"start": "00:14:48", "end": "00:14:56", "text": "was about 54 weeks and the one before"}, {"start": "00:14:51", "end": "00:14:58", "text": "that was about 50 52 weeks. As it stands"}, {"start": "00:14:56", "end": "00:15:02", "text": "right now, where the current low is,"}, {"start": "00:14:58", "end": "00:15:04", "text": "this bare market was about 38 weeks,"}, {"start": "00:15:02", "end": "00:15:07", "text": "which is more in line with what happened"}, {"start": "00:15:04", "end": "00:15:10", "text": "in 2019 where it was about 37 weeks."}, {"start": "00:15:07", "end": "00:15:13", "text": "However, again, back then we had price"}, {"start": "00:15:10", "end": "00:15:15", "text": "based capitulation. Now, if you go"}, {"start": "00:15:13", "end": "00:15:17", "text": "further back, there are bare markets"}, {"start": "00:15:15", "end": "00:15:20", "text": "that are longer. For instance, the bare"}, {"start": "00:15:17", "end": "00:15:23", "text": "market in 2013 actually lasts about 59"}, {"start": "00:15:20", "end": "00:15:25", "text": "weeks. So, it's not like there's never"}, {"start": "00:15:23", "end": "00:15:26", "text": "it it's not like there's no prior bare"}, {"start": "00:15:25", "end": "00:15:30", "text": "markets for Bitcoin that have gone on"}, {"start": "00:15:26", "end": "00:15:32", "text": "longer than a year. Uh a 59we bare"}, {"start": "00:15:30", "end": "00:15:35", "text": "market would actually put you in late"}, {"start": "00:15:32", "end": "00:15:38", "text": "November for for a low if it were to"}, {"start": "00:15:35", "end": "00:15:40", "text": "take as long as it did in 2014."}, {"start": "00:15:38", "end": "00:15:44", "text": "But the main difference between now and"}, {"start": "00:15:40", "end": "00:15:47", "text": "2014 is that in 2014 uh Bitcoin was not"}, {"start": "00:15:44", "end": "00:15:49", "text": "above the 50 moving average. Right? So I"}, {"start": "00:15:47", "end": "00:15:52", "text": "think you know when you look at all of"}, {"start": "00:15:49", "end": "00:15:56", "text": "this I think the most relevant"}, {"start": "00:15:52", "end": "00:15:59", "text": "view is this 2019 view because that's"}, {"start": "00:15:56", "end": "00:16:03", "text": "the only time where Bitcoin topped on"}, {"start": "00:15:59", "end": "00:16:06", "text": "apathy rather than euphoria. It's the"}, {"start": "00:16:03", "end": "00:16:07", "text": "only time we had an uh that that"}, {"start": "00:16:06", "end": "00:16:10", "text": "quantitative tightening came to an end"}, {"start": "00:16:07", "end": "00:16:12", "text": "and then Bitcoin topped just before QT"}, {"start": "00:16:10", "end": "00:16:15", "text": "ended and then went into this digestion"}, {"start": "00:16:12", "end": "00:16:18", "text": "phase. Right? Same thing. It's the only"}, {"start": "00:16:15", "end": "00:16:20", "text": "time that Bitcoin topped in that way at"}, {"start": "00:16:18", "end": "00:16:23", "text": "the same in the same year that Bitcoin"}, {"start": "00:16:20", "end": "00:16:26", "text": "had that the Fed cut rates three times."}, {"start": "00:16:23", "end": "00:16:29", "text": "2019 there were three rate cuts. 2025"}, {"start": "00:16:26", "end": "00:16:32", "text": "there were three rate cuts. But what's"}, {"start": "00:16:29", "end": "00:16:36", "text": "happening now is different than what"}, {"start": "00:16:32", "end": "00:16:41", "text": "happened in 2019. In 2019, Bitcoin was"}, {"start": "00:16:36", "end": "00:16:42", "text": "struggling to to break out, but the Fed"}, {"start": "00:16:41", "end": "00:16:44", "text": "was cutting rates. They just weren't"}, {"start": "00:16:42", "end": "00:16:46", "text": "cutting rates fast enough. And then once"}, {"start": "00:16:44", "end": "00:16:49", "text": "they did cut rates fast enough, then"}, {"start": "00:16:46", "end": "00:16:51", "text": "Bitcoin really broke out. One way to to"}, {"start": "00:16:49", "end": "00:16:54", "text": "sort of visualize this is to look at"}, {"start": "00:16:51", "end": "00:16:56", "text": "Bitcoin and divide it by interest rates."}, {"start": "00:16:54", "end": "00:16:59", "text": "I know it's kind of a weird thing to do,"}, {"start": "00:16:56", "end": "00:17:02", "text": "but if you look at at what Bitcoin was"}, {"start": "00:16:59", "end": "00:17:04", "text": "doing in 2019"}, {"start": "00:17:02", "end": "00:17:07", "text": "through that digestion phase, it was"}, {"start": "00:17:04", "end": "00:17:09", "text": "basically in a channel. And then if you"}, {"start": "00:17:07", "end": "00:17:11", "text": "overlay interest rates, right? If you"}, {"start": "00:17:09", "end": "00:17:14", "text": "overlay interest rates, it was after"}, {"start": "00:17:11", "end": "00:17:16", "text": "interest rates fell to the floor that"}, {"start": "00:17:14", "end": "00:17:18", "text": "then Bitcoin broke out. You see that?"}, {"start": "00:17:16", "end": "00:17:20", "text": "Well, now we're kind of in a similar"}, {"start": "00:17:18", "end": "00:17:22", "text": "channel, right? Like there's this"}, {"start": "00:17:20", "end": "00:17:25", "text": "channel here where when you look at a"}, {"start": "00:17:22", "end": "00:17:26", "text": "Bitcoin like this, Bitcoin is still, you"}, {"start": "00:17:25", "end": "00:17:28", "text": "know, it's still around where the Mayhe"}, {"start": "00:17:26", "end": "00:17:32", "text": "was when you divide by interest rates."}, {"start": "00:17:28", "end": "00:17:34", "text": "And so the the point is that this time"}, {"start": "00:17:32", "end": "00:17:36", "text": "they're not lowering rates, they're"}, {"start": "00:17:34", "end": "00:17:39", "text": "raising rates. They're actually doing"}, {"start": "00:17:36", "end": "00:17:43", "text": "the opposite of what they did in 2019."}, {"start": "00:17:39", "end": "00:17:45", "text": "And the reason is because of I is"}, {"start": "00:17:43", "end": "00:17:47", "text": "because of inflation coming back. So,"}, {"start": "00:17:45", "end": "00:17:50", "text": "there's issues today that we're having"}, {"start": "00:17:47", "end": "00:17:53", "text": "to deal with that we didn't have to deal"}, {"start": "00:17:50", "end": "00:17:57", "text": "with back in 2019 and 2020 because this"}, {"start": "00:17:53", "end": "00:17:59", "text": "was when they were lowering rates."}, {"start": "00:17:57", "end": "00:18:01", "text": "This"}, {"start": "00:17:59", "end": "00:18:03", "text": "is raising rates. And you can see back"}, {"start": "00:18:01", "end": "00:18:06", "text": "then we went back and forth"}, {"start": "00:18:03", "end": "00:18:09", "text": "between these levels for a long time"}, {"start": "00:18:06", "end": "00:18:10", "text": "before there was a decision, right? And"}, {"start": "00:18:09", "end": "00:18:13", "text": "and that's I think what's making"}, {"start": "00:18:10", "end": "00:18:16", "text": "everyone so frustrated now is that the"}, {"start": "00:18:13", "end": "00:18:18", "text": "bulls have every reason to be bullish"}, {"start": "00:18:16", "end": "00:18:20", "text": "based on the technical indicators alone."}, {"start": "00:18:18", "end": "00:18:24", "text": "They do."}, {"start": "00:18:20", "end": "00:18:26", "text": "The bears have a point, but it's it's an"}, {"start": "00:18:24", "end": "00:18:28", "text": "uncomfortable point, right? It's a it's"}, {"start": "00:18:26", "end": "00:18:31", "text": "a are we going to go all macro bro on"}, {"start": "00:18:28", "end": "00:18:34", "text": "this rather than just listen to the"}, {"start": "00:18:31", "end": "00:18:36", "text": "chart, right? So, I think there's"}, {"start": "00:18:34", "end": "00:18:39", "text": "there's competing forces. And when you"}, {"start": "00:18:36", "end": "00:18:44", "text": "look at the ROI of Bitcoin after a rate"}, {"start": "00:18:39", "end": "00:18:47", "text": "hike in September of a midterm year,"}, {"start": "00:18:44", "end": "00:18:49", "text": "you can see that the last two times"}, {"start": "00:18:47", "end": "00:18:52", "text": "there was a rate hike in September of a"}, {"start": "00:18:49", "end": "00:18:55", "text": "midterm year, Bitcoin was flat for like"}, {"start": "00:18:52", "end": "00:18:58", "text": "40 to 50 days after that."}, {"start": "00:18:55", "end": "00:19:02", "text": "And then the drop occurred after about"}, {"start": "00:18:58", "end": "00:19:05", "text": "day 50. and we're currently on day 30,"}, {"start": "00:19:02", "end": "00:19:07", "text": "right? So,"}, {"start": "00:19:05", "end": "00:19:09", "text": "in this case, and by the way, even if we"}, {"start": "00:19:07", "end": "00:19:11", "text": "were to follow what happened in 2022,"}, {"start": "00:19:09", "end": "00:19:13", "text": "that wouldn't even yield a new low for"}, {"start": "00:19:11", "end": "00:19:17", "text": "Bitcoin. It would actually be a higher"}, {"start": "00:19:13", "end": "00:19:20", "text": "low, even if we had a 20% drop."}, {"start": "00:19:17", "end": "00:19:22", "text": "So, there's there's there is a case on"}, {"start": "00:19:20", "end": "00:19:25", "text": "the bare side. It's just simply that"}, {"start": "00:19:22", "end": "00:19:26", "text": "look after a rate hike, Bitcoin often"}, {"start": "00:19:25", "end": "00:19:28", "text": "rallies, at least out of the two"}, {"start": "00:19:26", "end": "00:19:31", "text": "examples we have. And then following"}, {"start": "00:19:28", "end": "00:19:32", "text": "that, the market then drops. Now,"}, {"start": "00:19:31", "end": "00:19:34", "text": "because we don't have a lot of history"}, {"start": "00:19:32", "end": "00:19:35", "text": "for Bitcoin, it might be worthwhile to"}, {"start": "00:19:34", "end": "00:19:38", "text": "look at the S&P because when you look at"}, {"start": "00:19:35", "end": "00:19:40", "text": "the S&P, you can see there's a lot more"}, {"start": "00:19:38", "end": "00:19:42", "text": "um uh examples. We're going to go"}, {"start": "00:19:40", "end": "00:19:43", "text": "actually after after the first rate"}, {"start": "00:19:42", "end": "00:19:45", "text": "hike, not just after a rate hike in"}, {"start": "00:19:43", "end": "00:19:47", "text": "September of a midterm year, because"}, {"start": "00:19:45", "end": "00:19:51", "text": "it's kind of oddly specific. So, if you"}, {"start": "00:19:47", "end": "00:19:55", "text": "look at what what uh the the S&P is"}, {"start": "00:19:51", "end": "00:19:57", "text": "doing right in September of 2026, now"}, {"start": "00:19:55", "end": "00:19:59", "text": "look at December 2020 uh 2015, you can"}, {"start": "00:19:57", "end": "00:20:01", "text": "see it kind of held for a bit and then"}, {"start": "00:19:59", "end": "00:20:03", "text": "dropped. And then if you look at March"}, {"start": "00:20:01", "end": "00:20:06", "text": "2022, the S&P held for a bit and then"}, {"start": "00:20:03", "end": "00:20:10", "text": "had this bare market. Um if you compare"}, {"start": "00:20:06", "end": "00:20:12", "text": "it to 1955, you had a little bit of a"}, {"start": "00:20:10", "end": "00:20:15", "text": "drop kind of around now on the S&P and"}, {"start": "00:20:12", "end": "00:20:17", "text": "then it went up. If you look at 1958,"}, {"start": "00:20:15", "end": "00:20:19", "text": "there was not much of a drop, but there"}, {"start": "00:20:17", "end": "00:20:21", "text": "was initially and then we went up. So"}, {"start": "00:20:19", "end": "00:20:24", "text": "again, there's not not every case does"}, {"start": "00:20:21", "end": "00:20:28", "text": "it have to go down. Um, continuing July"}, {"start": "00:20:24", "end": "00:20:31", "text": "of 1963, it was mostly just up. 1967, it"}, {"start": "00:20:28", "end": "00:20:32", "text": "was up for about 50 days, right? Which"}, {"start": "00:20:31", "end": "00:20:34", "text": "kind of aligns with what we saw with"}, {"start": "00:20:32", "end": "00:20:36", "text": "Bitcoin and then there was a drop. We're"}, {"start": "00:20:34", "end": "00:20:38", "text": "currently, again, we're currently on day"}, {"start": "00:20:36", "end": "00:20:41", "text": "about 30 or so. So about 20 more days"}, {"start": "00:20:38", "end": "00:20:45", "text": "would be around when that would occur."}, {"start": "00:20:41", "end": "00:20:46", "text": "1968 it just dropped. 1971"}, {"start": "00:20:45", "end": "00:20:50", "text": "we dropped, held, and then dropped"}, {"start": "00:20:46", "end": "00:20:52", "text": "further and then had a rally. 1973"}, {"start": "00:20:50", "end": "00:20:54", "text": "mostly just down into the bare market."}, {"start": "00:20:52", "end": "00:20:56", "text": "77 was a bare market for a little bit."}, {"start": "00:20:54", "end": "00:21:00", "text": "Uh 1980 kind of just chopped around for"}, {"start": "00:20:56", "end": "00:21:02", "text": "a year. 1984"}, {"start": "00:21:00", "end": "00:21:04", "text": "you can see it it rallied for a bit and"}, {"start": "00:21:02", "end": "00:21:06", "text": "then dropped"}, {"start": "00:21:04", "end": "00:21:10", "text": "into the sort of days 80, 90, etc., and"}, {"start": "00:21:06", "end": "00:21:11", "text": "then had another rally um 87. That's"}, {"start": "00:21:10", "end": "00:21:13", "text": "kind of a scary one, right? Where it"}, {"start": "00:21:11", "end": "00:21:17", "text": "kind of holds and then has a massive"}, {"start": "00:21:13", "end": "00:21:21", "text": "drop. Uh 1994"}, {"start": "00:21:17", "end": "00:21:23", "text": "holds and then drops. 97"}, {"start": "00:21:21", "end": "00:21:24", "text": "drops initially and then goes up. That's"}, {"start": "00:21:23", "end": "00:21:26", "text": "what I was thinking would would happen."}, {"start": "00:21:24", "end": "00:21:28", "text": "I thought that the S&P would just kind"}, {"start": "00:21:26", "end": "00:21:30", "text": "of have a drop right after the rate hike"}, {"start": "00:21:28", "end": "00:21:33", "text": "uh and then go up, but instead it's kind"}, {"start": "00:21:30", "end": "00:21:34", "text": "of held on. 1999, you can see it went"}, {"start": "00:21:33", "end": "00:21:37", "text": "up, dropped, and then had sort of one"}, {"start": "00:21:34", "end": "00:21:39", "text": "final rally before the.com boom or the"}, {"start": "00:21:37", "end": "00:21:40", "text": "bust. And then you have June of 2004"}, {"start": "00:21:39", "end": "00:21:42", "text": "where it dropped almost immediately. And"}, {"start": "00:21:40", "end": "00:21:46", "text": "if you average all of them, you can see"}, {"start": "00:21:42", "end": "00:21:49", "text": "that on average the S&P drops following"}, {"start": "00:21:46", "end": "00:21:51", "text": "a rate hike. And it it often bottoms"}, {"start": "00:21:49", "end": "00:21:53", "text": "around day like 45 and then kind of"}, {"start": "00:21:51", "end": "00:21:56", "text": "retest those lows around day 70. Which"}, {"start": "00:21:53", "end": "00:21:59", "text": "when you look at it like that was the"}, {"start": "00:21:56", "end": "00:22:01", "text": "rationale that I had for saying that the"}, {"start": "00:21:59", "end": "00:22:05", "text": "most likely outcome would be that the"}, {"start": "00:22:01", "end": "00:22:07", "text": "S&P would drop after the rate hike and"}, {"start": "00:22:05", "end": "00:22:10", "text": "that would allow for that low in Q4 to"}, {"start": "00:22:07", "end": "00:22:11", "text": "occur for Bitcoin and then we would just"}, {"start": "00:22:10", "end": "00:22:13", "text": "kind of continue on like we normally do."}, {"start": "00:22:11", "end": "00:22:16", "text": "It was more so just looking at what"}, {"start": "00:22:13", "end": "00:22:18", "text": "happens on average. And while there are"}, {"start": "00:22:16", "end": "00:22:19", "text": "other extremes that do happen, like"}, {"start": "00:22:18", "end": "00:22:21", "text": "there's extremes where you just have a 2"}, {"start": "00:22:19", "end": "00:22:23", "text": "to threeyear bare market. There's"}, {"start": "00:22:21", "end": "00:22:26", "text": "extremes where we just go up, I have to"}, {"start": "00:22:23", "end": "00:22:28", "text": "base my decisions on, or at least what I"}, {"start": "00:22:26", "end": "00:22:30", "text": "what I communicate the most is like what"}, {"start": "00:22:28", "end": "00:22:32", "text": "is what normally happens, right? What on"}, {"start": "00:22:30", "end": "00:22:35", "text": "average what normally happens and so I"}, {"start": "00:22:32", "end": "00:22:37", "text": "do that and I'd say about 70% of the"}, {"start": "00:22:35", "end": "00:22:38", "text": "time it works out and people are happy"}, {"start": "00:22:37", "end": "00:22:39", "text": "and then about 30% of the time it"}, {"start": "00:22:38", "end": "00:22:41", "text": "doesn't. And that's where people get"}, {"start": "00:22:39", "end": "00:22:43", "text": "upset. But you have to remember that"}, {"start": "00:22:41", "end": "00:22:46", "text": "it's not like there's a a"}, {"start": "00:22:43", "end": "00:22:47", "text": "onesizefits-all for these things. Like"}, {"start": "00:22:46", "end": "00:22:48", "text": "sometimes the market goes up, sometimes"}, {"start": "00:22:47", "end": "00:22:50", "text": "the market goes down. So yes, I'm saying"}, {"start": "00:22:48", "end": "00:22:52", "text": "it could go up or down, but the point is"}, {"start": "00:22:50", "end": "00:22:54", "text": "what does it do on average after certain"}, {"start": "00:22:52", "end": "00:22:55", "text": "outcomes? And then those are the"}, {"start": "00:22:54", "end": "00:22:59", "text": "outcomes that I tend to focus a little"}, {"start": "00:22:55", "end": "00:23:02", "text": "bit more on. Right? So"}, {"start": "00:22:59", "end": "00:23:05", "text": "the bears are going to say, look, from"}, {"start": "00:23:02", "end": "00:23:07", "text": "this perspective,"}, {"start": "00:23:05", "end": "00:23:11", "text": "you could have argued why it would have"}, {"start": "00:23:07", "end": "00:23:13", "text": "happened. Okay. Now, the bulls are have"}, {"start": "00:23:11", "end": "00:23:15", "text": "they don't have this yet, but they could"}, {"start": "00:23:13", "end": "00:23:18", "text": "have it relatively soon. And that is the"}, {"start": "00:23:15", "end": "00:23:20", "text": "ROI after the low chart in midterm years"}, {"start": "00:23:18", "end": "00:23:23", "text": "because normally what happens is that"}, {"start": "00:23:20", "end": "00:23:25", "text": "Bitcoin bottoms uh out of the last two"}, {"start": "00:23:23", "end": "00:23:28", "text": "times, right? It bottomed on day like"}, {"start": "00:23:25", "end": "00:23:33", "text": "1432 and 1436. We're currently on day"}, {"start": "00:23:28", "end": "00:23:35", "text": "1425. So, we're only about 10 days away"}, {"start": "00:23:33", "end": "00:23:37", "text": "from where the last two cycles ended up"}, {"start": "00:23:35", "end": "00:23:40", "text": "bottoming, right? I mean, we're only"}, {"start": "00:23:37", "end": "00:23:42", "text": "about 10 days away. So right now you"}, {"start": "00:23:40", "end": "00:23:46", "text": "could argue that this is on the bare"}, {"start": "00:23:42", "end": "00:23:48", "text": "side, but in not too much longer, this"}, {"start": "00:23:46", "end": "00:23:52", "text": "would be something that the bulls would"}, {"start": "00:23:48", "end": "00:23:54", "text": "point to as a bull case, right? That the"}, {"start": "00:23:52", "end": "00:23:57", "text": "low if if there was going to be a low,"}, {"start": "00:23:54", "end": "00:23:59", "text": "it should occur really, really soon."}, {"start": "00:23:57", "end": "00:24:00", "text": "And if it doesn't happen by the end of"}, {"start": "00:23:59", "end": "00:24:02", "text": "October,"}, {"start": "00:24:00", "end": "00:24:05", "text": "then that would be another point for the"}, {"start": "00:24:02", "end": "00:24:08", "text": "bulls. Right? Now, when you look at this"}, {"start": "00:24:05", "end": "00:24:10", "text": "chart, when you look at this chart"}, {"start": "00:24:08", "end": "00:24:13", "text": "through a different lens, right? If you"}, {"start": "00:24:10", "end": "00:24:16", "text": "if you look at it through the 2019 lens,"}, {"start": "00:24:13", "end": "00:24:21", "text": "for example, the only way that that"}, {"start": "00:24:16", "end": "00:24:23", "text": "chart could still favor the Bears"}, {"start": "00:24:21", "end": "00:24:26", "text": "and then it still become a point for the"}, {"start": "00:24:23", "end": "00:24:30", "text": "bulls is if"}, {"start": "00:24:26", "end": "00:24:32", "text": "you have a pandemic like crash. That's"}, {"start": "00:24:30", "end": "00:24:35", "text": "the only way, right? It's the only way"}, {"start": "00:24:32", "end": "00:24:39", "text": "because someone's got to be wrong if"}, {"start": "00:24:35", "end": "00:24:42", "text": "there's not a or or a 2015 like crash,"}, {"start": "00:24:39", "end": "00:24:44", "text": "right? And what I mean by that is, you"}, {"start": "00:24:42", "end": "00:24:47", "text": "know, Bitcoin is at a really critical"}, {"start": "00:24:44", "end": "00:24:50", "text": "level right now. And what I would argue"}, {"start": "00:24:47", "end": "00:24:53", "text": "is that if Bitcoin were to give up 83K"}, {"start": "00:24:50", "end": "00:24:56", "text": "on the weekly time frame after a week or"}, {"start": "00:24:53", "end": "00:24:58", "text": "two close, then a lot of people will"}, {"start": "00:24:56", "end": "00:24:59", "text": "then completely question this entire"}, {"start": "00:24:58", "end": "00:25:03", "text": "breakout."}, {"start": "00:24:59", "end": "00:25:05", "text": "And if they do, this whole thing"}, {"start": "00:25:03", "end": "00:25:08", "text": "probably doesn't unwind over many many"}, {"start": "00:25:05", "end": "00:25:11", "text": "months. It probably unwinds like that,"}, {"start": "00:25:08", "end": "00:25:14", "text": "right? Because everyone that was relying"}, {"start": "00:25:11", "end": "00:25:16", "text": "on the technical indicators, the RSI,"}, {"start": "00:25:14", "end": "00:25:18", "text": "the MACD, the golden cross, all that"}, {"start": "00:25:16", "end": "00:25:21", "text": "stuff, all that stuff becomes pointless"}, {"start": "00:25:18", "end": "00:25:22", "text": "and you have a a fake breakout to"}, {"start": "00:25:21", "end": "00:25:25", "text": "convince everyone and then it just goes"}, {"start": "00:25:22", "end": "00:25:27", "text": "down. So if that were to happen, if"}, {"start": "00:25:25", "end": "00:25:30", "text": "Bitcoin were to give up this level, then"}, {"start": "00:25:27", "end": "00:25:34", "text": "I think it unwinds almost immediately"}, {"start": "00:25:30", "end": "00:25:36", "text": "and then the 2019 view comes into play"}, {"start": "00:25:34", "end": "00:25:38", "text": "where you have a rally and then it"}, {"start": "00:25:36", "end": "00:25:40", "text": "stalls for a couple of weeks and then"}, {"start": "00:25:38", "end": "00:25:42", "text": "you see how it just collapsed down"}, {"start": "00:25:40", "end": "00:25:47", "text": "within like 2 to 3 weeks."}, {"start": "00:25:42", "end": "00:25:50", "text": "Same thing in 2015, right? after after"}, {"start": "00:25:47", "end": "00:25:53", "text": "it turned out that this was a false"}, {"start": "00:25:50", "end": "00:25:55", "text": "breakout in 2015, it all collapsed"}, {"start": "00:25:53", "end": "00:25:59", "text": "within about 2 weeks or so, right? You"}, {"start": "00:25:55", "end": "00:26:01", "text": "had you had your first"}, {"start": "00:25:59", "end": "00:26:04", "text": "when you had your first close back"}, {"start": "00:26:01", "end": "00:26:06", "text": "below, right? Like well below, it was"}, {"start": "00:26:04", "end": "00:26:08", "text": "only two more weeks after that when the"}, {"start": "00:26:06", "end": "00:26:10", "text": "actual low occurred and it was a sweep"}, {"start": "00:26:08", "end": "00:26:13", "text": "of the low that had happened previously."}, {"start": "00:26:10", "end": "00:26:15", "text": "So that's why I'm saying like if this is"}, {"start": "00:26:13", "end": "00:26:17", "text": "a fake breakout,"}, {"start": "00:26:15", "end": "00:26:19", "text": "if this is a fake breakout, then it"}, {"start": "00:26:17", "end": "00:26:23", "text": "unwinds almost immediately. And if that"}, {"start": "00:26:19", "end": "00:26:25", "text": "were to happen, then this chart ends up"}, {"start": "00:26:23", "end": "00:26:27", "text": "forming a low just what it always does."}, {"start": "00:26:25", "end": "00:26:31", "text": "And then but it doesn't necessarily need"}, {"start": "00:26:27", "end": "00:26:32", "text": "to be a much lower low. So, this is kind"}, {"start": "00:26:31", "end": "00:26:34", "text": "of where it's tricky because I I feel"}, {"start": "00:26:32", "end": "00:26:36", "text": "like we're coming up to a point where"}, {"start": "00:26:34", "end": "00:26:38", "text": "we're going to have a decision be made"}, {"start": "00:26:36", "end": "00:26:40", "text": "and arguably it's going to it could"}, {"start": "00:26:38", "end": "00:26:42", "text": "happen as early as as this weekend,"}, {"start": "00:26:40", "end": "00:26:44", "text": "right? A lot of indicators say, you"}, {"start": "00:26:42", "end": "00:26:47", "text": "know, as early as this weekend, we could"}, {"start": "00:26:44", "end": "00:26:50", "text": "start to see um"}, {"start": "00:26:47", "end": "00:26:51", "text": "the finality of this discussion that"}, {"start": "00:26:50", "end": "00:26:54", "text": "we've been kind of going back and forth"}, {"start": "00:26:51", "end": "00:26:57", "text": "on. I'm of the opinion, right? And as"}, {"start": "00:26:54", "end": "00:27:00", "text": "I've said before, that if you close"}, {"start": "00:26:57", "end": "00:27:02", "text": "below these levels, like, you know, then"}, {"start": "00:27:00", "end": "00:27:04", "text": "that would start to make me more be in"}, {"start": "00:27:02", "end": "00:27:07", "text": "the camp that it's a fake out, right?"}, {"start": "00:27:04", "end": "00:27:14", "text": "And I and I'm trying to like I'm giving"}, {"start": "00:27:07", "end": "00:27:17", "text": "myself that as a as sort of like a um"}, {"start": "00:27:14", "end": "00:27:20", "text": "invalidation for either of you because I"}, {"start": "00:27:17", "end": "00:27:23", "text": "I don't want to be super deterministic"}, {"start": "00:27:20", "end": "00:27:26", "text": "about which way because I already wasn't"}, {"start": "00:27:23", "end": "00:27:28", "text": "expecting this move to begin with. So,"}, {"start": "00:27:26", "end": "00:27:30", "text": "it's only natural if you're not"}, {"start": "00:27:28", "end": "00:27:32", "text": "expecting a move to then go to the"}, {"start": "00:27:30", "end": "00:27:34", "text": "rooftop and then scream that, you know,"}, {"start": "00:27:32", "end": "00:27:36", "text": "it's the market that's wrong and not"}, {"start": "00:27:34", "end": "00:27:39", "text": "you. But it's probably better for our"}, {"start": "00:27:36", "end": "00:27:42", "text": "egos to just say, actually, you know, I"}, {"start": "00:27:39", "end": "00:27:45", "text": "was wrong, not the market, right? And"}, {"start": "00:27:42", "end": "00:27:49", "text": "so, if if it does accept back below,"}, {"start": "00:27:45", "end": "00:27:52", "text": "then then the cycle just plays out like"}, {"start": "00:27:49", "end": "00:27:53", "text": "it always has, theoretically speaking."}, {"start": "00:27:52", "end": "00:27:56", "text": "Now,"}, {"start": "00:27:53", "end": "00:27:59", "text": "there's a few more things um that I want"}, {"start": "00:27:56", "end": "00:28:01", "text": "to talk about and and th this is uh one"}, {"start": "00:27:59", "end": "00:28:03", "text": "of the bare cases is this is that the"}, {"start": "00:28:01", "end": "00:28:07", "text": "10-year yield, right? The 10-year yield"}, {"start": "00:28:03", "end": "00:28:09", "text": "is is starting to struggle a little bit."}, {"start": "00:28:07", "end": "00:28:11", "text": "And you might say, well, isn't that a"}, {"start": "00:28:09", "end": "00:28:13", "text": "good thing?"}, {"start": "00:28:11", "end": "00:28:16", "text": "It would make sense that it would be,"}, {"start": "00:28:13", "end": "00:28:19", "text": "but the problem is if you were to"}, {"start": "00:28:16", "end": "00:28:21", "text": "overlay Bitcoin onto the chart, the"}, {"start": "00:28:19", "end": "00:28:23", "text": "major lows that occurred for Bitcoin"}, {"start": "00:28:21", "end": "00:28:26", "text": "this year in sort of the February and"}, {"start": "00:28:23", "end": "00:28:29", "text": "March time frame and then the June July"}, {"start": "00:28:26", "end": "00:28:31", "text": "time frame actually occurred while the"}, {"start": "00:28:29", "end": "00:28:34", "text": "10ear was going down,"}, {"start": "00:28:31", "end": "00:28:36", "text": "not up. In fact, it was while the 10ear"}, {"start": "00:28:34", "end": "00:28:38", "text": "was going up that Bitcoin was generally"}, {"start": "00:28:36", "end": "00:28:42", "text": "doing okay."}, {"start": "00:28:38", "end": "00:28:45", "text": "You see now the the the reason this sort"}, {"start": "00:28:42", "end": "00:28:49", "text": "of poses a pro a potential problem is"}, {"start": "00:28:45", "end": "00:28:51", "text": "that if the 10ear were to drop then"}, {"start": "00:28:49", "end": "00:28:54", "text": "who's to say that it's not because of a"}, {"start": "00:28:51", "end": "00:28:55", "text": "growth scare and therefore Bitcoin ends"}, {"start": "00:28:54", "end": "00:28:59", "text": "up kind of completing the bare market"}, {"start": "00:28:55", "end": "00:29:02", "text": "just as it always has. So what I look at"}, {"start": "00:28:59", "end": "00:29:03", "text": "with that is again seasonality. Again it"}, {"start": "00:29:02", "end": "00:29:05", "text": "doesn't always work right? I mean"}, {"start": "00:29:03", "end": "00:29:08", "text": "sometimes it it works sometimes it does"}, {"start": "00:29:05", "end": "00:29:11", "text": "not. But if you look at the 10-year"}, {"start": "00:29:08", "end": "00:29:11", "text": "yield"}, {"start": "00:29:11", "end": "00:29:16", "text": "in 2026 and compare it to 2018,"}, {"start": "00:29:15", "end": "00:29:19", "text": "you can see that we're in we're"}, {"start": "00:29:16", "end": "00:29:21", "text": "potentially in a topping process for the"}, {"start": "00:29:19", "end": "00:29:23", "text": "10-year yield. What normally happens at"}, {"start": "00:29:21", "end": "00:29:27", "text": "least if you look at say 2018 and also"}, {"start": "00:29:23", "end": "00:29:30", "text": "2022 is that the 10-year forms a high in"}, {"start": "00:29:27", "end": "00:29:32", "text": "October or November and then it forms if"}, {"start": "00:29:30", "end": "00:29:34", "text": "the high is in October it then forms a"}, {"start": "00:29:32", "end": "00:29:36", "text": "slightly lower high in November or it"}, {"start": "00:29:34", "end": "00:29:37", "text": "could be a slightly higher high around"}, {"start": "00:29:36", "end": "00:29:39", "text": "the midterms. I don't know think about"}, {"start": "00:29:37", "end": "00:29:43", "text": "it like around the midterms but then"}, {"start": "00:29:39", "end": "00:29:45", "text": "after the midterms the 10-year typically"}, {"start": "00:29:43", "end": "00:29:50", "text": "drops after the after the midterms. What"}, {"start": "00:29:45", "end": "00:29:53", "text": "you'll notice for Bitcoin is that all"}, {"start": "00:29:50", "end": "00:29:56", "text": "prior lows that occurred"}, {"start": "00:29:53", "end": "00:29:58", "text": "actually happened after the midterms"}, {"start": "00:29:56", "end": "00:30:00", "text": "when the 10-year yield was dropping in"}, {"start": "00:29:58", "end": "00:30:02", "text": "the last two midterm years. Right? So,"}, {"start": "00:30:00", "end": "00:30:05", "text": "if you look at uh the last cycle, you"}, {"start": "00:30:02", "end": "00:30:08", "text": "can see the final drop was right around"}, {"start": "00:30:05", "end": "00:30:09", "text": "the midterms. In 2018, the final drop"}, {"start": "00:30:08", "end": "00:30:13", "text": "occurred right after the midterms. And"}, {"start": "00:30:09", "end": "00:30:15", "text": "in 2014, the final drop occurred right"}, {"start": "00:30:13", "end": "00:30:17", "text": "after the midterms."}, {"start": "00:30:15", "end": "00:30:20", "text": "which aligns with when the 10-year yield"}, {"start": "00:30:17", "end": "00:30:23", "text": "was going down in late 2018 and late"}, {"start": "00:30:20", "end": "00:30:26", "text": "2022. So, if the 10-year yield is"}, {"start": "00:30:23", "end": "00:30:28", "text": "destined to go down after the midterms,"}, {"start": "00:30:26", "end": "00:30:31", "text": "then"}, {"start": "00:30:28", "end": "00:30:34", "text": "perhaps Bitcoin plays out just like it"}, {"start": "00:30:31", "end": "00:30:35", "text": "always has. Right"}, {"start": "00:30:34", "end": "00:30:38", "text": "now, I was trying to think like what"}, {"start": "00:30:35", "end": "00:30:39", "text": "would cause this to happen, right? Like"}, {"start": "00:30:38", "end": "00:30:41", "text": "what would cause this to happen? Well,"}, {"start": "00:30:39", "end": "00:30:43", "text": "they say the the uh the common saying is"}, {"start": "00:30:41", "end": "00:30:45", "text": "that the solution to high rates is high"}, {"start": "00:30:43", "end": "00:30:46", "text": "rates. If you have high rates long"}, {"start": "00:30:45", "end": "00:30:48", "text": "enough, it's going to affect a lot of"}, {"start": "00:30:46", "end": "00:30:50", "text": "companies. And I know the S&P is"}, {"start": "00:30:48", "end": "00:30:52", "text": "essentially just pinned to prior"}, {"start": "00:30:50", "end": "00:30:54", "text": "all-time highs."}, {"start": "00:30:52", "end": "00:30:59", "text": "The NASDAQ is starting to show a little"}, {"start": "00:30:54", "end": "00:31:01", "text": "bit of weakness, right? Um the Dow Jones"}, {"start": "00:30:59", "end": "00:31:03", "text": "has shown some strength recently,"}, {"start": "00:31:01", "end": "00:31:04", "text": "arguably because rates have gone down a"}, {"start": "00:31:03", "end": "00:31:06", "text": "little bit, but there are times where"}, {"start": "00:31:04", "end": "00:31:08", "text": "the Dow drops first and then rebounds"}, {"start": "00:31:06", "end": "00:31:11", "text": "and then drops more. In fact, that's"}, {"start": "00:31:08", "end": "00:31:16", "text": "what happened in uh you know, 2024. It's"}, {"start": "00:31:11", "end": "00:31:17", "text": "also what happened in uh 20 um 18 I"}, {"start": "00:31:16", "end": "00:31:18", "text": "believe. Actually, no. It dropped a"}, {"start": "00:31:17", "end": "00:31:20", "text": "little, rallied in all time highs, and"}, {"start": "00:31:18", "end": "00:31:22", "text": "then sorry, here it dropped, rallied"}, {"start": "00:31:20", "end": "00:31:24", "text": "back up, and then dropped more, right?"}, {"start": "00:31:22", "end": "00:31:25", "text": "So, it's not like it can't drop again."}, {"start": "00:31:24", "end": "00:31:28", "text": "If you look at the Russell, the"}, {"start": "00:31:25", "end": "00:31:30", "text": "Russell's just been getting hammered,"}, {"start": "00:31:28", "end": "00:31:31", "text": "right? I mean, it's just been down week"}, {"start": "00:31:30", "end": "00:31:33", "text": "after week after week. And, you know,"}, {"start": "00:31:31", "end": "00:31:36", "text": "I'm starting to wonder, is this is this"}, {"start": "00:31:33", "end": "00:31:37", "text": "kind of the destination for the Russell?"}, {"start": "00:31:36", "end": "00:31:40", "text": "Because"}, {"start": "00:31:37", "end": "00:31:45", "text": "right now we have a 10-year yield that"}, {"start": "00:31:40", "end": "00:31:49", "text": "is down after a hot CPI report and a hot"}, {"start": "00:31:45", "end": "00:31:51", "text": "PPI report. Okay. To me, that's the sign"}, {"start": "00:31:49", "end": "00:31:55", "text": "that yields are in the topping process."}, {"start": "00:31:51", "end": "00:31:59", "text": "When you have a bad print and yields"}, {"start": "00:31:55", "end": "00:32:01", "text": "come down, is that not a sign that"}, {"start": "00:31:59", "end": "00:32:03", "text": "perhaps the market is starting to worry"}, {"start": "00:32:01", "end": "00:32:06", "text": "a little bit more about growth than"}, {"start": "00:32:03", "end": "00:32:07", "text": "inflation?"}, {"start": "00:32:06", "end": "00:32:09", "text": "what could cause the 10-year to go back"}, {"start": "00:32:07", "end": "00:32:13", "text": "up? Because a lot of times, remember, as"}, {"start": "00:32:09", "end": "00:32:16", "text": "we said, a lot of times what happens is"}, {"start": "00:32:13", "end": "00:32:18", "text": "the 10-year drops like it does now, but"}, {"start": "00:32:16", "end": "00:32:20", "text": "then it bounces back up again around the"}, {"start": "00:32:18", "end": "00:32:23", "text": "midterms."}, {"start": "00:32:20", "end": "00:32:25", "text": "If you look at rate hike expectations,"}, {"start": "00:32:23", "end": "00:32:29", "text": "the odds of a rate hike now in October"}, {"start": "00:32:25", "end": "00:32:29", "text": "are 85%."}, {"start": "00:32:29", "end": "00:32:35", "text": "85. right"}, {"start": "00:32:32", "end": "00:32:38", "text": "now. If they don't raise rates in"}, {"start": "00:32:35", "end": "00:32:40", "text": "October because of some, hey, we're"}, {"start": "00:32:38", "end": "00:32:42", "text": "going into the midterms, let's not raise"}, {"start": "00:32:40", "end": "00:32:44", "text": "rates. Let's wait until December. By the"}, {"start": "00:32:42", "end": "00:32:47", "text": "way, in 2018, they raised rates in"}, {"start": "00:32:44", "end": "00:32:50", "text": "September and December. And they skipped"}, {"start": "00:32:47", "end": "00:32:53", "text": "the meeting around the midterms. So, the"}, {"start": "00:32:50", "end": "00:32:55", "text": "market thinks the Fed"}, {"start": "00:32:53", "end": "00:32:57", "text": "should raise rates. And you know there's"}, {"start": "00:32:55", "end": "00:32:58", "text": "a disagreement about whether this is a"}, {"start": "00:32:57", "end": "00:33:00", "text": "sort of what the market thinks the Fed"}, {"start": "00:32:58", "end": "00:33:02", "text": "should do or what they think the market"}, {"start": "00:33:00", "end": "00:33:04", "text": "or what they think the market or what"}, {"start": "00:33:02", "end": "00:33:06", "text": "the market thinks the Fed will do. But"}, {"start": "00:33:04", "end": "00:33:08", "text": "according to the market, there's an 85%"}, {"start": "00:33:06", "end": "00:33:11", "text": "chance of a rate hike. Imagine if they"}, {"start": "00:33:08", "end": "00:33:13", "text": "don't raise rates,"}, {"start": "00:33:11", "end": "00:33:15", "text": "the 10-year yield likely bounces back up"}, {"start": "00:33:13", "end": "00:33:16", "text": "to the highs because the market starts"}, {"start": "00:33:15", "end": "00:33:20", "text": "to get concerned as will the Fed"}, {"start": "00:33:16", "end": "00:33:21", "text": "actually do what they need to do? If if"}, {"start": "00:33:20", "end": "00:33:26", "text": "the 10-year yield were to bounce back"}, {"start": "00:33:21", "end": "00:33:28", "text": "up, then things like the Russell, which"}, {"start": "00:33:26", "end": "00:33:30", "text": "has been dropping, and the and the uh"}, {"start": "00:33:28", "end": "00:33:32", "text": "the Dow Jones, those would start to come"}, {"start": "00:33:30", "end": "00:33:33", "text": "back down. I mean, the Russell's already"}, {"start": "00:33:32", "end": "00:33:35", "text": "been going down, but the Dow Jones would"}, {"start": "00:33:33", "end": "00:33:37", "text": "likely start to struggle as again as"}, {"start": "00:33:35", "end": "00:33:41", "text": "well because it would be it more so"}, {"start": "00:33:37", "end": "00:33:44", "text": "benefits from um rates coming down,"}, {"start": "00:33:41", "end": "00:33:48", "text": "whereas the S&P hasn't been nearly as"}, {"start": "00:33:44", "end": "00:33:52", "text": "affected by by this. Okay. So,"}, {"start": "00:33:48", "end": "00:33:56", "text": "there's a a strong consideration there"}, {"start": "00:33:52", "end": "00:33:59", "text": "that if the Fed doesn't raise rates,"}, {"start": "00:33:56", "end": "00:34:01", "text": "then perhaps this just bounces back up,"}, {"start": "00:33:59", "end": "00:34:03", "text": "scoot spooks everyone, comes down after"}, {"start": "00:34:01", "end": "00:34:05", "text": "the midterms,"}, {"start": "00:34:03", "end": "00:34:07", "text": "gives us a recession scare, and then"}, {"start": "00:34:05", "end": "00:34:08", "text": "hopefully just kind of continues back up"}, {"start": "00:34:07", "end": "00:34:10", "text": "after that. Hopefully, there's not"}, {"start": "00:34:08", "end": "00:34:13", "text": "actually an immediate recession. Right?"}, {"start": "00:34:10", "end": "00:34:16", "text": "So that's the sort of the the the bare"}, {"start": "00:34:13", "end": "00:34:19", "text": "case would be that Bitcoin ends up"}, {"start": "00:34:16", "end": "00:34:22", "text": "dropping after after that because what"}, {"start": "00:34:19", "end": "00:34:26", "text": "normally happens is that metals bottom"}, {"start": "00:34:22", "end": "00:34:31", "text": "around the time that yields top."}, {"start": "00:34:26", "end": "00:34:34", "text": "So if you look at gold for instance um"}, {"start": "00:34:31", "end": "00:34:37", "text": "if you look at gold you can see that in"}, {"start": "00:34:34", "end": "00:34:39", "text": "2018 or sorry in 2022 you know it"}, {"start": "00:34:37", "end": "00:34:41", "text": "bottomed in the October to early"}, {"start": "00:34:39", "end": "00:34:46", "text": "November time frame when yields were"}, {"start": "00:34:41", "end": "00:34:49", "text": "topping and in 2018 gold bottomed in the"}, {"start": "00:34:46", "end": "00:34:52", "text": "August to October time frame again when"}, {"start": "00:34:49", "end": "00:34:56", "text": "yields were topping."}, {"start": "00:34:52", "end": "00:34:59", "text": "So gold bottomed when yields topped,"}, {"start": "00:34:56", "end": "00:35:02", "text": "but Bitcoin bottomed when yields were"}, {"start": "00:34:59", "end": "00:35:05", "text": "going down. So that that's the bare"}, {"start": "00:35:02", "end": "00:35:07", "text": "case. But here's the problem with all"}, {"start": "00:35:05", "end": "00:35:09", "text": "that, and this is why I say, you know,"}, {"start": "00:35:07", "end": "00:35:12", "text": "you almost have to be careful what you"}, {"start": "00:35:09", "end": "00:35:17", "text": "wish for, right? And I've struggled with"}, {"start": "00:35:12", "end": "00:35:18", "text": "this too, is if we do break down and"}, {"start": "00:35:17", "end": "00:35:22", "text": "this is a fake out and it just"}, {"start": "00:35:18", "end": "00:35:24", "text": "completely fools all the bulls."}, {"start": "00:35:22", "end": "00:35:26", "text": "I have to ask myself, is that really"}, {"start": "00:35:24", "end": "00:35:30", "text": "what I want at this point? You know, I"}, {"start": "00:35:26", "end": "00:35:31", "text": "mean it the problem with that is it"}, {"start": "00:35:30", "end": "00:35:33", "text": "break I mean all the indicators that"}, {"start": "00:35:31", "end": "00:35:36", "text": "have fired off that have fired off at"}, {"start": "00:35:33", "end": "00:35:39", "text": "the end of other bare markets would be"}, {"start": "00:35:36", "end": "00:35:40", "text": "completely null and void. And"}, {"start": "00:35:39", "end": "00:35:41", "text": "part of it with Bitcoin is just"}, {"start": "00:35:40", "end": "00:35:43", "text": "believing that the same thing's going to"}, {"start": "00:35:41", "end": "00:35:46", "text": "happen that has happened is going to"}, {"start": "00:35:43", "end": "00:35:47", "text": "keep happening. And if that were to"}, {"start": "00:35:46", "end": "00:35:50", "text": "fail,"}, {"start": "00:35:47", "end": "00:35:52", "text": "I would actually be concerned that it"}, {"start": "00:35:50", "end": "00:35:55", "text": "would actually kill the market for"}, {"start": "00:35:52", "end": "00:35:58", "text": "years. Not just a few months, but for"}, {"start": "00:35:55", "end": "00:36:01", "text": "years. And the reason why I say that is"}, {"start": "00:35:58", "end": "00:36:03", "text": "because imagine Bitcoin comes back down"}, {"start": "00:36:01", "end": "00:36:06", "text": "to 60K"}, {"start": "00:36:03", "end": "00:36:09", "text": "and then bounces back up, right?"}, {"start": "00:36:06", "end": "00:36:12", "text": "Everyone who bought up here, who"}, {"start": "00:36:09", "end": "00:36:13", "text": "believed in all those indicators"}, {"start": "00:36:12", "end": "00:36:16", "text": "are probably going to be selling"}, {"start": "00:36:13", "end": "00:36:20", "text": "pressure. Now, so who's to say that it"}, {"start": "00:36:16", "end": "00:36:23", "text": "couldn't just come back up and then drop"}, {"start": "00:36:20", "end": "00:36:26", "text": "and then we go down in 2027? That's not"}, {"start": "00:36:23", "end": "00:36:28", "text": "like my base case, but it is a"}, {"start": "00:36:26", "end": "00:36:30", "text": "consideration to to be made. And the"}, {"start": "00:36:28", "end": "00:36:31", "text": "only reason I bring it up, and I've I've"}, {"start": "00:36:30", "end": "00:36:33", "text": "I've shown you this guy, this chart a"}, {"start": "00:36:31", "end": "00:36:35", "text": "couple of times now. Uh it's the silver"}, {"start": "00:36:33", "end": "00:36:39", "text": "chart, right? It's the It's after the"}, {"start": "00:36:35", "end": "00:36:41", "text": "silver rally uh from 2011"}, {"start": "00:36:39", "end": "00:36:44", "text": "where you had a move up, you came down,"}, {"start": "00:36:41", "end": "00:36:48", "text": "you then had a big move up above that"}, {"start": "00:36:44", "end": "00:36:49", "text": "was a fake out, you then came down. So"}, {"start": "00:36:48", "end": "00:36:51", "text": "imagine it's like your fee your for"}, {"start": "00:36:49", "end": "00:36:54", "text": "Bitcoin it's like your February low,"}, {"start": "00:36:51", "end": "00:36:57", "text": "your July low, and then your Q4 low and"}, {"start": "00:36:54", "end": "00:36:59", "text": "then you go back up and it's like surely"}, {"start": "00:36:57", "end": "00:37:02", "text": "now we can break through and then it"}, {"start": "00:36:59", "end": "00:37:03", "text": "ends up being a lower high and then you"}, {"start": "00:37:02", "end": "00:37:05", "text": "break down and then every all the"}, {"start": "00:37:03", "end": "00:37:07", "text": "onchain indicators finally reset, right?"}, {"start": "00:37:05", "end": "00:37:09", "text": "But then that that kills the market for"}, {"start": "00:37:07", "end": "00:37:11", "text": "years. And I think the reason it kills"}, {"start": "00:37:09", "end": "00:37:14", "text": "the market for years is because if you"}, {"start": "00:37:11", "end": "00:37:17", "text": "have a fake out like that where everyone"}, {"start": "00:37:14", "end": "00:37:20", "text": "gets all bowled up calling for new highs"}, {"start": "00:37:17", "end": "00:37:21", "text": "and it fails, then all those guys are"}, {"start": "00:37:20", "end": "00:37:23", "text": "going to be selling pressure when it"}, {"start": "00:37:21", "end": "00:37:25", "text": "comes back up"}, {"start": "00:37:23", "end": "00:37:29", "text": "because all the indicators they put"}, {"start": "00:37:25", "end": "00:37:32", "text": "their faith in now no longer work."}, {"start": "00:37:29", "end": "00:37:34", "text": "So that's why I'm saying it's like a a"}, {"start": "00:37:32", "end": "00:37:37", "text": "be careful what you wish for type thing,"}, {"start": "00:37:34", "end": "00:37:39", "text": "right? Because if that's how it plays"}, {"start": "00:37:37", "end": "00:37:42", "text": "out, if that's a fake out and it comes"}, {"start": "00:37:39", "end": "00:37:46", "text": "back down and we just and let's say we"}, {"start": "00:37:42", "end": "00:37:49", "text": "print a higher low and we go back up,"}, {"start": "00:37:46", "end": "00:37:51", "text": "who's to say that the uh"}, {"start": "00:37:49", "end": "00:37:53", "text": "you know this long awaited recession"}, {"start": "00:37:51", "end": "00:37:55", "text": "won't finally kick in? Think about it"}, {"start": "00:37:53", "end": "00:37:57", "text": "like this. Do you guys remember how a"}, {"start": "00:37:55", "end": "00:38:00", "text": "lot of people were waiting for alt"}, {"start": "00:37:57", "end": "00:38:02", "text": "season last cycle and it never happened?"}, {"start": "00:38:00", "end": "00:38:06", "text": "And the reason it never happened is"}, {"start": "00:38:02", "end": "00:38:10", "text": "because when it would normally occur"}, {"start": "00:38:06", "end": "00:38:13", "text": "in Q4, right, of the posth having year,"}, {"start": "00:38:10", "end": "00:38:16", "text": "when it would normally occur, the bare"}, {"start": "00:38:13", "end": "00:38:19", "text": "market for Bitcoin started. Had the bare"}, {"start": "00:38:16", "end": "00:38:21", "text": "market not started,"}, {"start": "00:38:19", "end": "00:38:22", "text": "we probably would have had an alt season"}, {"start": "00:38:21", "end": "00:38:23", "text": "because Bitcoin would have had a"}, {"start": "00:38:22", "end": "00:38:25", "text": "euphoric rally. You know, it would have"}, {"start": "00:38:23", "end": "00:38:29", "text": "gone to 200K and there would have been"}, {"start": "00:38:25", "end": "00:38:32", "text": "that rotation. But instead the Bitcoin"}, {"start": "00:38:29", "end": "00:38:35", "text": "bare market started."}, {"start": "00:38:32", "end": "00:38:40", "text": "So it made it so that the higher risk"}, {"start": "00:38:35", "end": "00:38:41", "text": "assets like altcoins were then unable to"}, {"start": "00:38:40", "end": "00:38:46", "text": "catch a bid because the bare market had"}, {"start": "00:38:41", "end": "00:38:47", "text": "started. So the the things that are the"}, {"start": "00:38:46", "end": "00:38:50", "text": "if you think about like a risk curve,"}, {"start": "00:38:47", "end": "00:38:51", "text": "right? Altcoins are way over here,"}, {"start": "00:38:50", "end": "00:38:53", "text": "right? So you have alts that are way up"}, {"start": "00:38:51", "end": "00:38:57", "text": "here. They're really high risk, right?"}, {"start": "00:38:53", "end": "00:39:00", "text": "And then below that, you've got Bitcoin."}, {"start": "00:38:57", "end": "00:39:04", "text": "Okay? So, think about it like that."}, {"start": "00:39:00", "end": "00:39:06", "text": "Alts did not get their bull market rally"}, {"start": "00:39:04", "end": "00:39:09", "text": "at the end because Bitcoin went into a"}, {"start": "00:39:06", "end": "00:39:11", "text": "bare market. Okay? Now, that's where you"}, {"start": "00:39:09", "end": "00:39:14", "text": "have to start thinking about the S&P"}, {"start": "00:39:11", "end": "00:39:16", "text": "500. If you look at the S&P 500, people"}, {"start": "00:39:14", "end": "00:39:18", "text": "have been calling for a recession for"}, {"start": "00:39:16", "end": "00:39:20", "text": "years, right? For years. And the reality"}, {"start": "00:39:18", "end": "00:39:22", "text": "is is no one really knows when it's"}, {"start": "00:39:20", "end": "00:39:25", "text": "going to happen. If you look at initial"}, {"start": "00:39:22", "end": "00:39:27", "text": "claims, initial claims are relatively"}, {"start": "00:39:25", "end": "00:39:29", "text": "low, right? Like you can't look at"}, {"start": "00:39:27", "end": "00:39:32", "text": "initial claims and say that you're in a"}, {"start": "00:39:29", "end": "00:39:35", "text": "recession right now because this is not"}, {"start": "00:39:32", "end": "00:39:39", "text": "recessionary territory historically. I"}, {"start": "00:39:35", "end": "00:39:42", "text": "even have a recession risk dashboard"}, {"start": "00:39:39", "end": "00:39:45", "text": "that shows right now that it's it's kind"}, {"start": "00:39:42", "end": "00:39:49", "text": "of low. And given the fact that we have"}, {"start": "00:39:45", "end": "00:39:51", "text": "the Anthropic IPO and the OpenAI IPO, it"}, {"start": "00:39:49", "end": "00:39:53", "text": "would seem kind of strange if we go into"}, {"start": "00:39:51", "end": "00:39:54", "text": "a recession before that, right? It would"}, {"start": "00:39:53", "end": "00:39:56", "text": "make more sense to me that it would"}, {"start": "00:39:54", "end": "00:39:59", "text": "happen after that. And we haven't had"}, {"start": "00:39:56", "end": "00:40:00", "text": "either of those yet. If you look at"}, {"start": "00:39:59", "end": "00:40:03", "text": "these though, a lot of these aren't"}, {"start": "00:40:00", "end": "00:40:05", "text": "going to really show concern until after"}, {"start": "00:40:03", "end": "00:40:07", "text": "stock stocks start to drop because"}, {"start": "00:40:05", "end": "00:40:09", "text": "stocks move first, then it shows up in"}, {"start": "00:40:07", "end": "00:40:12", "text": "the economy. The only one of these that"}, {"start": "00:40:09", "end": "00:40:14", "text": "is is sort of designed to to show a"}, {"start": "00:40:12", "end": "00:40:16", "text": "little bit more concern first is the"}, {"start": "00:40:14", "end": "00:40:19", "text": "interest rate risk. And if you look at"}, {"start": "00:40:16", "end": "00:40:22", "text": "the spread on the 10-year and the"}, {"start": "00:40:19", "end": "00:40:25", "text": "3-month, it's this metric that starts to"}, {"start": "00:40:22", "end": "00:40:27", "text": "show up first. Now, it's been going up"}, {"start": "00:40:25", "end": "00:40:28", "text": "recently."}, {"start": "00:40:27", "end": "00:40:30", "text": "Not a lot, right? I mean, it's not like"}, {"start": "00:40:28", "end": "00:40:33", "text": "it's all the way up at one, but it has"}, {"start": "00:40:30", "end": "00:40:34", "text": "been going up. And it makes sense"}, {"start": "00:40:33", "end": "00:40:37", "text": "because think about what's happened with"}, {"start": "00:40:34", "end": "00:40:39", "text": "yields recently. Okay? So, this has gone"}, {"start": "00:40:37", "end": "00:40:41", "text": "up. Now, the the reason why this is the"}, {"start": "00:40:39", "end": "00:40:43", "text": "only one that I allow to really go up"}, {"start": "00:40:41", "end": "00:40:46", "text": "before there's more of a correction is"}, {"start": "00:40:43", "end": "00:40:48", "text": "because I want a signal. The problem is"}, {"start": "00:40:46", "end": "00:40:50", "text": "if you allow it to do that, there's"}, {"start": "00:40:48", "end": "00:40:53", "text": "going to be a lot of false positives."}, {"start": "00:40:50", "end": "00:40:54", "text": "For instance, in the 1990s, you can see"}, {"start": "00:40:53", "end": "00:40:56", "text": "this went all the way up and then it"}, {"start": "00:40:54", "end": "00:40:58", "text": "dropped. There was a drop in the stock"}, {"start": "00:40:56", "end": "00:41:01", "text": "market, but then we went marginally"}, {"start": "00:40:58", "end": "00:41:03", "text": "higher before the bare market actually"}, {"start": "00:41:01", "end": "00:41:06", "text": "began. And you can see there's other"}, {"start": "00:41:03", "end": "00:41:09", "text": "times as well where this thing spikes,"}, {"start": "00:41:06", "end": "00:41:11", "text": "right? You can see it also spiked in 96"}, {"start": "00:41:09", "end": "00:41:14", "text": "and there was no recession. But all"}, {"start": "00:41:11", "end": "00:41:16", "text": "prior recessions saw this thing spiking,"}, {"start": "00:41:14", "end": "00:41:19", "text": "right? It saw it spiking and it tends to"}, {"start": "00:41:16", "end": "00:41:21", "text": "spike before the other things. So that's"}, {"start": "00:41:19", "end": "00:41:23", "text": "been going up recently."}, {"start": "00:41:21", "end": "00:41:25", "text": "So it it is a little concerning, but"}, {"start": "00:41:23", "end": "00:41:28", "text": "again with initial claims where they"}, {"start": "00:41:25", "end": "00:41:31", "text": "are, it's not really recessionary. It's"}, {"start": "00:41:28", "end": "00:41:32", "text": "not really recession territory."}, {"start": "00:41:31", "end": "00:41:35", "text": "The problem is that it's lower asset"}, {"start": "00:41:32", "end": "00:41:36", "text": "prices that then lead to recession"}, {"start": "00:41:35", "end": "00:41:37", "text": "territory. It's not recession territory"}, {"start": "00:41:36", "end": "00:41:39", "text": "that then leads to lower asset prices."}, {"start": "00:41:37", "end": "00:41:41", "text": "At least not that's not how the feedback"}, {"start": "00:41:39", "end": "00:41:44", "text": "loop begins. It might be what happens"}, {"start": "00:41:41", "end": "00:41:47", "text": "eventually, but it's not how it begins."}, {"start": "00:41:44", "end": "00:41:50", "text": "Okay. So, I was thinking like, you know,"}, {"start": "00:41:47", "end": "00:41:54", "text": "with the S&P,"}, {"start": "00:41:50", "end": "00:41:56", "text": "is it possible that we are near top?"}, {"start": "00:41:54", "end": "00:41:59", "text": "Sort of a macro top rather than a local"}, {"start": "00:41:56", "end": "00:42:02", "text": "top. I would like to believe that with"}, {"start": "00:41:59", "end": "00:42:06", "text": "these major IPOs coming up that there"}, {"start": "00:42:02", "end": "00:42:09", "text": "could still be another sort of move for"}, {"start": "00:42:06", "end": "00:42:10", "text": "the S&P, right? But I was looking, you"}, {"start": "00:42:09", "end": "00:42:13", "text": "know, I was looking at the '9s and I've"}, {"start": "00:42:10", "end": "00:42:14", "text": "I've I've I've done this before and you"}, {"start": "00:42:13", "end": "00:42:17", "text": "have to remember that that fractals"}, {"start": "00:42:14", "end": "00:42:19", "text": "don't really often play out. They tend"}, {"start": "00:42:17", "end": "00:42:20", "text": "not to, especially when you're talking"}, {"start": "00:42:19", "end": "00:42:23", "text": "about like sort of the down the down"}, {"start": "00:42:20", "end": "00:42:26", "text": "phase of it. Um, but just to kind of put"}, {"start": "00:42:23", "end": "00:42:30", "text": "it on your radar as to what would stop a"}, {"start": "00:42:26", "end": "00:42:32", "text": "Bitcoin bull market, it would be an S&P"}, {"start": "00:42:30", "end": "00:42:35", "text": "bare market. So, if you if you sort of"}, {"start": "00:42:32", "end": "00:42:37", "text": "look at what the S&P did in the '9s with"}, {"start": "00:42:35", "end": "00:42:39", "text": "the dot boom and then just kind of"}, {"start": "00:42:37", "end": "00:42:43", "text": "overlay it to what it's done since the"}, {"start": "00:42:39", "end": "00:42:45", "text": "AI boom, you can see that you have a lot"}, {"start": "00:42:43", "end": "00:42:46", "text": "of these sort of patterns line up,"}, {"start": "00:42:45", "end": "00:42:49", "text": "right? You have this little correction"}, {"start": "00:42:46", "end": "00:42:52", "text": "there. you have the correction in late"}, {"start": "00:42:49", "end": "00:42:54", "text": "2024, 2025, which we called for back"}, {"start": "00:42:52", "end": "00:42:56", "text": "then. I said in late 2024, we were going"}, {"start": "00:42:54", "end": "00:42:59", "text": "to have about a 20% drop. And that was"}, {"start": "00:42:56", "end": "00:43:01", "text": "actually based on the S&P divided by M2"}, {"start": "00:42:59", "end": "00:43:05", "text": "chart, right? Because if you look at the"}, {"start": "00:43:01", "end": "00:43:07", "text": "S&P divided by M2, um, when we reach"}, {"start": "00:43:05", "end": "00:43:09", "text": "this level, I said, \"All right, guys,"}, {"start": "00:43:07", "end": "00:43:12", "text": "it's time for a 20% drop.\" Because in in"}, {"start": "00:43:09", "end": "00:43:14", "text": "the same move in the 1990s, we had this"}, {"start": "00:43:12", "end": "00:43:17", "text": "20% drop, right? And we and in fact it"}, {"start": "00:43:14", "end": "00:43:19", "text": "played out the exact same way, right?"}, {"start": "00:43:17", "end": "00:43:21", "text": "You had a 20% drop and then we rallied"}, {"start": "00:43:19", "end": "00:43:23", "text": "to all-time highs and then after"}, {"start": "00:43:21", "end": "00:43:25", "text": "rallying up you can see we had another"}, {"start": "00:43:23", "end": "00:43:27", "text": "drop about, you know, right there which"}, {"start": "00:43:25", "end": "00:43:30", "text": "aligns right there, right? It's the same"}, {"start": "00:43:27", "end": "00:43:34", "text": "thing. And so the question is, are we"}, {"start": "00:43:30", "end": "00:43:37", "text": "just repeating this to the point that if"}, {"start": "00:43:34", "end": "00:43:38", "text": "you look at this fractal, what's"}, {"start": "00:43:37", "end": "00:43:44", "text": "interesting is that the months are"}, {"start": "00:43:38", "end": "00:43:47", "text": "flipped. So back then the lows were in"}, {"start": "00:43:44", "end": "00:43:50", "text": "it was they were in October leading into"}, {"start": "00:43:47", "end": "00:43:54", "text": "it, right? So if you look at the '9s it"}, {"start": "00:43:50", "end": "00:43:56", "text": "was um I believe it was October. Yeah,"}, {"start": "00:43:54", "end": "00:43:59", "text": "October of 97,"}, {"start": "00:43:56", "end": "00:44:02", "text": "October of 98"}, {"start": "00:43:59", "end": "00:44:06", "text": "and then here October of 99"}, {"start": "00:44:02", "end": "00:44:10", "text": "and then the top was in March. Right? So"}, {"start": "00:44:06", "end": "00:44:12", "text": "it was October, October, October, March."}, {"start": "00:44:10", "end": "00:44:17", "text": "But this time"}, {"start": "00:44:12", "end": "00:44:17", "text": "the lows were"}, {"start": "00:44:17", "end": "00:44:22", "text": "first one was October, right? But then"}, {"start": "00:44:19", "end": "00:44:24", "text": "the next one was March and then the one"}, {"start": "00:44:22", "end": "00:44:26", "text": "after that was March."}, {"start": "00:44:24", "end": "00:44:30", "text": "Right now we're in October. So October"}, {"start": "00:44:26", "end": "00:44:31", "text": "and March seem to be periods for the S&P"}, {"start": "00:44:30", "end": "00:44:33", "text": "where it's kind of like a turnaround"}, {"start": "00:44:31", "end": "00:44:35", "text": "point, right? Either March or October"}, {"start": "00:44:33", "end": "00:44:38", "text": "seem to mark these levels. What's"}, {"start": "00:44:35", "end": "00:44:43", "text": "interesting is that the S&P could still"}, {"start": "00:44:38", "end": "00:44:44", "text": "stall out, drop into Q4,"}, {"start": "00:44:43", "end": "00:44:48", "text": "get everyone to believe that that's the"}, {"start": "00:44:44", "end": "00:44:51", "text": "four-year cycle low. We go back up into"}, {"start": "00:44:48", "end": "00:44:53", "text": "the anthropic IPO, the Open AI IPO,"}, {"start": "00:44:51", "end": "00:44:55", "text": "everyone's ready for the bull market,"}, {"start": "00:44:53", "end": "00:44:58", "text": "and then the bare market finally hits."}, {"start": "00:44:55", "end": "00:44:59", "text": "Now, I'm not a big believer, honestly,"}, {"start": "00:44:58", "end": "00:45:02", "text": "in these fractals. I've done this long"}, {"start": "00:44:59", "end": "00:45:05", "text": "enough to know that anytime you overlay"}, {"start": "00:45:02", "end": "00:45:07", "text": "a fractal onto a chart like this, it's"}, {"start": "00:45:05", "end": "00:45:10", "text": "not going to play out, right? It's just"}, {"start": "00:45:07", "end": "00:45:12", "text": "not. And I'm only showing this not to"}, {"start": "00:45:10", "end": "00:45:15", "text": "say that this is what's going to happen,"}, {"start": "00:45:12", "end": "00:45:18", "text": "but just to say this is these are things"}, {"start": "00:45:15", "end": "00:45:20", "text": "that could stop a Bitcoin bull market,"}, {"start": "00:45:18", "end": "00:45:24", "text": "right? If the AI bubble were to sort of"}, {"start": "00:45:20", "end": "00:45:27", "text": "pop, if you will. I don't think that we"}, {"start": "00:45:24", "end": "00:45:30", "text": "are in the same type of bubble territory"}, {"start": "00:45:27", "end": "00:45:33", "text": "now that we were back then. You look at"}, {"start": "00:45:30", "end": "00:45:36", "text": "the S&P divided by gold for instance,"}, {"start": "00:45:33", "end": "00:45:39", "text": "the valuation of the S&P against gold is"}, {"start": "00:45:36", "end": "00:45:41", "text": "nowhere near what it was in the dotcom"}, {"start": "00:45:39", "end": "00:45:43", "text": "era, right? Back then the the ratio was"}, {"start": "00:45:41", "end": "00:45:45", "text": "around 5 to six. Today it's between 1"}, {"start": "00:45:43", "end": "00:45:47", "text": "and two, right? We're we're sort of at a"}, {"start": "00:45:45", "end": "00:45:49", "text": "at sort of a level where there's a"}, {"start": "00:45:47", "end": "00:45:51", "text": "resistance here, right? There's"}, {"start": "00:45:49", "end": "00:45:52", "text": "certainly a resistance as there was in"}, {"start": "00:45:51", "end": "00:45:56", "text": "1973."}, {"start": "00:45:52", "end": "00:46:00", "text": "and and also right here in in 2015 2016,"}, {"start": "00:45:56", "end": "00:46:03", "text": "but it's not as frothy as it was during"}, {"start": "00:46:00", "end": "00:46:06", "text": "the dot crash. So when I think about"}, {"start": "00:46:03", "end": "00:46:12", "text": "like okay what"}, {"start": "00:46:06", "end": "00:46:15", "text": "if if the bears are right and we go down"}, {"start": "00:46:12", "end": "00:46:18", "text": "my concern at that point would be that"}, {"start": "00:46:15", "end": "00:46:20", "text": "it might kill the market for years if we"}, {"start": "00:46:18", "end": "00:46:23", "text": "just go back to say 60k and then bounce"}, {"start": "00:46:20", "end": "00:46:24", "text": "back up because then you're just rinsing"}, {"start": "00:46:23", "end": "00:46:26", "text": "everyone out, right? you're just you're"}, {"start": "00:46:24", "end": "00:46:27", "text": "you're you're wrecking the bears, you're"}, {"start": "00:46:26", "end": "00:46:30", "text": "wrecking the bulls, you're just going"}, {"start": "00:46:27", "end": "00:46:30", "text": "back and forth and and eventually people"}, {"start": "00:46:30", "end": "00:46:32", "text": "are just going to give up and they're"}, {"start": "00:46:30", "end": "00:46:34", "text": "going to be apathetic about the whole"}, {"start": "00:46:32", "end": "00:46:36", "text": "thing, right?"}, {"start": "00:46:34", "end": "00:46:37", "text": "So, I think it's one of those things"}, {"start": "00:46:36", "end": "00:46:39", "text": "where like you got to be careful what"}, {"start": "00:46:37", "end": "00:46:41", "text": "you wish for. And then I mean, of"}, {"start": "00:46:39", "end": "00:46:44", "text": "course, on the bull side, you know, if"}, {"start": "00:46:41", "end": "00:46:46", "text": "if this holds, then what likely happens"}, {"start": "00:46:44", "end": "00:46:47", "text": "is it just goes up into the recession,"}, {"start": "00:46:46", "end": "00:46:50", "text": "right? Until the recession actually"}, {"start": "00:46:47", "end": "00:46:53", "text": "arrives, whether it's 2027, 2028, 2029,"}, {"start": "00:46:50", "end": "00:46:56", "text": "who who really knows. Um I think that's"}, {"start": "00:46:53", "end": "00:46:59", "text": "what makes it particularly difficult is"}, {"start": "00:46:56", "end": "00:47:01", "text": "because if you are buying you know what"}, {"start": "00:46:59", "end": "00:47:03", "text": "the potential headwind is right like you"}, {"start": "00:47:01", "end": "00:47:05", "text": "know like okay how long is it going to"}, {"start": "00:47:03", "end": "00:47:06", "text": "take for you know for all this"}, {"start": "00:47:05", "end": "00:47:08", "text": "uncertainty to really start to affect"}, {"start": "00:47:06", "end": "00:47:11", "text": "markets because markets in general don't"}, {"start": "00:47:08", "end": "00:47:13", "text": "like uncertainty if you look at the"}, {"start": "00:47:11", "end": "00:47:15", "text": "world uncertainty index the world"}, {"start": "00:47:13", "end": "00:47:17", "text": "uncertainty index is pretty high right"}, {"start": "00:47:15", "end": "00:47:20", "text": "now right like it's higher you know I"}, {"start": "00:47:17", "end": "00:47:22", "text": "mean it's been high ever since really"}, {"start": "00:47:20", "end": "00:47:24", "text": "the the new administration right? Ever"}, {"start": "00:47:22", "end": "00:47:26", "text": "since Trump took office, when he"}, {"start": "00:47:24", "end": "00:47:28", "text": "implemented tariffs and I mean all the"}, {"start": "00:47:26", "end": "00:47:30", "text": "different headlines, obviously that's"}, {"start": "00:47:28", "end": "00:47:33", "text": "going to introduce uncertainty. Markets"}, {"start": "00:47:30", "end": "00:47:35", "text": "are still at all-time highs, but often"}, {"start": "00:47:33", "end": "00:47:37", "text": "times, you know, uncertainty is not"}, {"start": "00:47:35", "end": "00:47:40", "text": "great for markets. If you look at the"}, {"start": "00:47:37", "end": "00:47:43", "text": "economic policy uncertainty index,"}, {"start": "00:47:40", "end": "00:47:46", "text": "that's also been more elevated than it"}, {"start": "00:47:43", "end": "00:47:48", "text": "normally is. Um,"}, {"start": "00:47:46", "end": "00:47:49", "text": "so"}, {"start": "00:47:48", "end": "00:47:52", "text": "I think this is what makes it so"}, {"start": "00:47:49", "end": "00:47:54", "text": "difficult is that the the technical sort"}, {"start": "00:47:52", "end": "00:47:57", "text": "of the pure technical indicators for"}, {"start": "00:47:54", "end": "00:47:59", "text": "Bitcoin are bullish. The RSI is bullish,"}, {"start": "00:47:57", "end": "00:48:01", "text": "the MACD is bullish, the golden cross is"}, {"start": "00:47:59", "end": "00:48:04", "text": "bullish above the 50week moving average."}, {"start": "00:48:01", "end": "00:48:07", "text": "That's all bullish and it it's hard to"}, {"start": "00:48:04", "end": "00:48:10", "text": "like ignore that."}, {"start": "00:48:07", "end": "00:48:13", "text": "But the bearish view is that a lot of"}, {"start": "00:48:10", "end": "00:48:16", "text": "the onchain stuff never actually reset."}, {"start": "00:48:13", "end": "00:48:18", "text": "And in 2019,"}, {"start": "00:48:16", "end": "00:48:20", "text": "we went down, didn't reset, we went up,"}, {"start": "00:48:18", "end": "00:48:23", "text": "convinced everyone that we were back in"}, {"start": "00:48:20", "end": "00:48:26", "text": "business, and then the recession"}, {"start": "00:48:23", "end": "00:48:28", "text": "arrived, and then we still triggered all"}, {"start": "00:48:26", "end": "00:48:30", "text": "this all the onchain indicators."}, {"start": "00:48:28", "end": "00:48:32", "text": "Anyways, it still it still all got"}, {"start": "00:48:30", "end": "00:48:34", "text": "triggered regardless because the"}, {"start": "00:48:32", "end": "00:48:36", "text": "recession finally arrived. I think"}, {"start": "00:48:34", "end": "00:48:39", "text": "that's what makes it so difficult is"}, {"start": "00:48:36", "end": "00:48:41", "text": "because, you know, I thought the most"}, {"start": "00:48:39", "end": "00:48:45", "text": "likely outcome for Bitcoin going into"}, {"start": "00:48:41", "end": "00:48:48", "text": "this was that the rate hike,"}, {"start": "00:48:45", "end": "00:48:51", "text": "the rate hike would cause Bitcoin to"}, {"start": "00:48:48", "end": "00:48:53", "text": "drop, go below the realized price,"}, {"start": "00:48:51", "end": "00:48:57", "text": "right? Go below the realized price,"}, {"start": "00:48:53", "end": "00:49:00", "text": "which is around like 53K or so, and then"}, {"start": "00:48:57", "end": "00:49:04", "text": "have a rally after that. That's what I"}, {"start": "00:49:00", "end": "00:49:07", "text": "thought because I assumed that when we"}, {"start": "00:49:04", "end": "00:49:10", "text": "had a rate hike, it would spook the"}, {"start": "00:49:07", "end": "00:49:16", "text": "market initially like it does on"}, {"start": "00:49:10", "end": "00:49:18", "text": "average. Again, S&P 500 on average"}, {"start": "00:49:16", "end": "00:49:23", "text": "after, sorry, I need to look at the"}, {"start": "00:49:18", "end": "00:49:23", "text": "right thing. After a rate hike,"}, {"start": "00:49:24", "end": "00:49:32", "text": "on average, the S&P goes down."}, {"start": "00:49:28", "end": "00:49:34", "text": "So, I thought, you know, I was all I"}, {"start": "00:49:32", "end": "00:49:36", "text": "thought was, \"Oh, I'm I'm very smart.\""}, {"start": "00:49:34", "end": "00:49:37", "text": "Like, I'm gonna look at this and say,"}, {"start": "00:49:36", "end": "00:49:40", "text": "\"Look, we're going to get a rate hike."}, {"start": "00:49:37", "end": "00:49:41", "text": "The S&P is going to drop and and it"}, {"start": "00:49:40", "end": "00:49:44", "text": "looks like it's going to bottom right"}, {"start": "00:49:41", "end": "00:49:46", "text": "around, you know, the the sort of the"}, {"start": "00:49:44", "end": "00:49:47", "text": "mid to end part of Q4 that's going to"}, {"start": "00:49:46", "end": "00:49:49", "text": "lead to the four-year cycle low for"}, {"start": "00:49:47", "end": "00:49:52", "text": "Bitcoin. Everyone's going to freak out"}, {"start": "00:49:49", "end": "00:49:53", "text": "and call for a recession, but instead,"}, {"start": "00:49:52", "end": "00:49:54", "text": "we're going to get a lot more rate hikes"}, {"start": "00:49:53", "end": "00:49:55", "text": "and we're just going to go up for"}, {"start": "00:49:54", "end": "00:49:57", "text": "another year and a half.\" Right? That"}, {"start": "00:49:55", "end": "00:50:00", "text": "was what I was thinking. Um, and the"}, {"start": "00:49:57", "end": "00:50:03", "text": "reason I thought that was because when"}, {"start": "00:50:00", "end": "00:50:06", "text": "the in the '9s when the Fed started"}, {"start": "00:50:03", "end": "00:50:08", "text": "raising rates again,"}, {"start": "00:50:06", "end": "00:50:10", "text": "they had to raise rates. Look at it. It"}, {"start": "00:50:08", "end": "00:50:11", "text": "was a complete mess back then. Imagine"}, {"start": "00:50:10", "end": "00:50:13", "text": "if we have to deal with this this time."}, {"start": "00:50:11", "end": "00:50:16", "text": "Like look at this in the '90s. You see,"}, {"start": "00:50:13", "end": "00:50:18", "text": "they they they lowered rates and then"}, {"start": "00:50:16", "end": "00:50:19", "text": "they raised rates 25 basis points. So, I"}, {"start": "00:50:18", "end": "00:50:21", "text": "was thinking we were kind of like in"}, {"start": "00:50:19", "end": "00:50:23", "text": "this in this part. Like I was thinking"}, {"start": "00:50:21", "end": "00:50:26", "text": "we were like right there. We get a rate"}, {"start": "00:50:23", "end": "00:50:27", "text": "hike. S&P gets a drop."}, {"start": "00:50:26", "end": "00:50:29", "text": "People freak out, think it's a"}, {"start": "00:50:27", "end": "00:50:32", "text": "recession, but then we go up for another"}, {"start": "00:50:29", "end": "00:50:35", "text": "couple years. Markets go like this. We"}, {"start": "00:50:32", "end": "00:50:37", "text": "then eventually get a few rate cuts."}, {"start": "00:50:35", "end": "00:50:39", "text": "Maybe that then leads to the final phase"}, {"start": "00:50:37", "end": "00:50:41", "text": "of the bull market. Maybe that's when"}, {"start": "00:50:39", "end": "00:50:44", "text": "people get their finally long awaited"}, {"start": "00:50:41", "end": "00:50:46", "text": "alt season and then we raise rates again"}, {"start": "00:50:44", "end": "00:50:48", "text": "and then it kills the market. Right?"}, {"start": "00:50:46", "end": "00:50:51", "text": "That that was kind of what I was"}, {"start": "00:50:48", "end": "00:50:54", "text": "somewhat basing it on. But then the"}, {"start": "00:50:51", "end": "00:50:56", "text": "market basically ripped me a new one"}, {"start": "00:50:54", "end": "00:50:59", "text": "when we got the rate hike and instead of"}, {"start": "00:50:56", "end": "00:51:02", "text": "the S&P dropping, it went up instead."}, {"start": "00:50:59", "end": "00:51:05", "text": "Right? So that that's kind of like where"}, {"start": "00:51:02", "end": "00:51:06", "text": "I got a little bit off base and then"}, {"start": "00:51:05", "end": "00:51:08", "text": "that's why I don't want to be overly"}, {"start": "00:51:06", "end": "00:51:11", "text": "deterministic here. So what I would say"}, {"start": "00:51:08", "end": "00:51:14", "text": "is this, right? We're coming up on a"}, {"start": "00:51:11", "end": "00:51:19", "text": "pretty important time for Bitcoin right"}, {"start": "00:51:14", "end": "00:51:23", "text": "now. And I would say this, if Bitcoin"}, {"start": "00:51:19", "end": "00:51:27", "text": "closes below these levels, then I would"}, {"start": "00:51:23", "end": "00:51:30", "text": "then more so defer towards the fake out"}, {"start": "00:51:27", "end": "00:51:31", "text": "move in 2015"}, {"start": "00:51:30", "end": "00:51:33", "text": "or 2020."}, {"start": "00:51:31", "end": "00:51:35", "text": "I would, right? That's what I would"}, {"start": "00:51:33", "end": "00:51:37", "text": "defer to because again, I'm not saying"}, {"start": "00:51:35", "end": "00:51:40", "text": "it's a pandemic. What I'm saying is that"}, {"start": "00:51:37", "end": "00:51:43", "text": "when you have a move where you convince"}, {"start": "00:51:40", "end": "00:51:47", "text": "everyone that the bull market is back on"}, {"start": "00:51:43", "end": "00:51:50", "text": "like in 2020 and like in 2015, if you"}, {"start": "00:51:47", "end": "00:51:53", "text": "give back that then it unwinds"}, {"start": "00:51:50", "end": "00:51:55", "text": "immediately. It does not take 6 months"}, {"start": "00:51:53", "end": "00:51:57", "text": "to unwind. It just it unwinds over"}, {"start": "00:51:55", "end": "00:52:00", "text": "overnight practically because then"}, {"start": "00:51:57", "end": "00:52:04", "text": "everyone who was bullish now realizes"}, {"start": "00:52:00", "end": "00:52:07", "text": "the bare market's not over. Okay,"}, {"start": "00:52:04", "end": "00:52:11", "text": "that's why I'm saying respect the"}, {"start": "00:52:07", "end": "00:52:14", "text": "closes. Respect the closes. As long as"}, {"start": "00:52:11", "end": "00:52:15", "text": "we're closing up here, the bulls can"}, {"start": "00:52:14", "end": "00:52:19", "text": "just simply say, \"Look, things are"}, {"start": "00:52:15", "end": "00:52:21", "text": "fine.\" But if you close below,"}, {"start": "00:52:19", "end": "00:52:22", "text": "that's where it becomes a problem. And"}, {"start": "00:52:21", "end": "00:52:26", "text": "that's where you would want to lean into"}, {"start": "00:52:22", "end": "00:52:28", "text": "the bare narrative a lot more."}, {"start": "00:52:26", "end": "00:52:31", "text": "Now, we're going to look at another"}, {"start": "00:52:28", "end": "00:52:34", "text": "thing, the daily time frame. for"}, {"start": "00:52:31", "end": "00:52:35", "text": "Bitcoin. Bitcoin right now is doing a"}, {"start": "00:52:34", "end": "00:52:38", "text": "very similar thing that it did after the"}, {"start": "00:52:35", "end": "00:52:40", "text": "May high, right? And I'll show you what"}, {"start": "00:52:38", "end": "00:52:41", "text": "I mean. Look at And actually, it might"}, {"start": "00:52:40", "end": "00:52:43", "text": "be a little bit better to look on total"}, {"start": "00:52:41", "end": "00:52:44", "text": "market cap because I think that's a"}, {"start": "00:52:43", "end": "00:52:46", "text": "little bit more relevant here. Look at"}, {"start": "00:52:44", "end": "00:52:48", "text": "total market cap."}, {"start": "00:52:46", "end": "00:52:52", "text": "Look at what it did after the May high."}, {"start": "00:52:48", "end": "00:52:55", "text": "It came down, swept it, swept it there."}, {"start": "00:52:52", "end": "00:52:57", "text": "Right? You see, same thing. rallied back"}, {"start": "00:52:55", "end": "00:53:00", "text": "up, rallied back up, came back down"}, {"start": "00:52:57", "end": "00:53:04", "text": "again, closed below it just like it did"}, {"start": "00:53:00", "end": "00:53:07", "text": "over here, and then it rallied for about"}, {"start": "00:53:04", "end": "00:53:09", "text": "3 days, 3 to 4 days."}, {"start": "00:53:07", "end": "00:53:11", "text": "We're we're currently in day two of"}, {"start": "00:53:09", "end": "00:53:14", "text": "that. But you see that? You see how it"}, {"start": "00:53:11", "end": "00:53:16", "text": "how it did that? And then it was the"}, {"start": "00:53:14", "end": "00:53:21", "text": "next week"}, {"start": "00:53:16", "end": "00:53:23", "text": "it unwound. So, if you look at this,"}, {"start": "00:53:21", "end": "00:53:26", "text": "let's say we're right here, and let's"}, {"start": "00:53:23", "end": "00:53:29", "text": "say the bears are right, it would only"}, {"start": "00:53:26", "end": "00:53:32", "text": "take 12 days"}, {"start": "00:53:29", "end": "00:53:36", "text": "to basically print the low, right? It"}, {"start": "00:53:32", "end": "00:53:41", "text": "would only take 12 days. And if you look"}, {"start": "00:53:36", "end": "00:53:43", "text": "at the um that ROI chart that we were"}, {"start": "00:53:41", "end": "00:53:45", "text": "talking about"}, {"start": "00:53:43", "end": "00:53:48", "text": "from the low, right? If you look at the"}, {"start": "00:53:45", "end": "00:53:49", "text": "ROI after the cycle bottom,"}, {"start": "00:53:48", "end": "00:53:53", "text": "you go out to the next bottom. We're"}, {"start": "00:53:49", "end": "00:53:58", "text": "currently on day 1425."}, {"start": "00:53:53", "end": "00:54:00", "text": "Remember, last cycle bottomed on 1436."}, {"start": "00:53:58", "end": "00:54:04", "text": "That's 11 days from now. That's why"}, {"start": "00:54:00", "end": "00:54:08", "text": "that's why I'm saying that if if Bitcoin"}, {"start": "00:54:04", "end": "00:54:11", "text": "if total market cap repeats this the the"}, {"start": "00:54:08", "end": "00:54:14", "text": "low is not is unlikely to be 6 months"}, {"start": "00:54:11", "end": "00:54:16", "text": "from now. It would be immediate, right?"}, {"start": "00:54:14", "end": "00:54:19", "text": "It would be it would it would happen so"}, {"start": "00:54:16", "end": "00:54:21", "text": "quickly that I'm not going to have time"}, {"start": "00:54:19", "end": "00:54:22", "text": "to even like almost come on here and"}, {"start": "00:54:21", "end": "00:54:25", "text": "talk about it very much because it would"}, {"start": "00:54:22", "end": "00:54:26", "text": "happen practically overnight. That's why"}, {"start": "00:54:25", "end": "00:54:29", "text": "when and I've said this for a long time,"}, {"start": "00:54:26", "end": "00:54:32", "text": "bare markets make fools of both bulls"}, {"start": "00:54:29", "end": "00:54:35", "text": "and bears because for most of the bull"}, {"start": "00:54:32", "end": "00:54:38", "text": "market or sorry, for most of the bare"}, {"start": "00:54:35", "end": "00:54:41", "text": "market, Bitcoin actually goes up. That's"}, {"start": "00:54:38", "end": "00:54:43", "text": "why bears look like idiots in bare"}, {"start": "00:54:41", "end": "00:54:46", "text": "markets because Bitcoin generally likes"}, {"start": "00:54:43", "end": "00:54:48", "text": "to trend higher and then it breaks down"}, {"start": "00:54:46", "end": "00:54:50", "text": "very quickly and then it just slowly"}, {"start": "00:54:48", "end": "00:54:52", "text": "trends up for a long time before then"}, {"start": "00:54:50", "end": "00:54:55", "text": "like breaking down."}, {"start": "00:54:52", "end": "00:54:57", "text": "Look at this cycle, right? When it"}, {"start": "00:54:55", "end": "00:54:59", "text": "drops, it drops fairly quickly and then"}, {"start": "00:54:57", "end": "00:55:02", "text": "it spends months trending up and then"}, {"start": "00:54:59", "end": "00:55:04", "text": "drops quickly. Months trending up and"}, {"start": "00:55:02", "end": "00:55:06", "text": "then drops quickly. That's why it's so"}, {"start": "00:55:04", "end": "00:55:09", "text": "hard to be a bear in a bare market"}, {"start": "00:55:06", "end": "00:55:11", "text": "because you spend the entire bare market"}, {"start": "00:55:09", "end": "00:55:13", "text": "thinking you're wrong because there's"}, {"start": "00:55:11", "end": "00:55:15", "text": "only like 10 or 12 days every few months"}, {"start": "00:55:13", "end": "00:55:17", "text": "where you feel like a genius and you're"}, {"start": "00:55:15", "end": "00:55:20", "text": "like, well, see, I told you so. And by"}, {"start": "00:55:17", "end": "00:55:21", "text": "the time you say I told you so, that's"}, {"start": "00:55:20", "end": "00:55:23", "text": "the next low. And then you spend the"}, {"start": "00:55:21", "end": "00:55:28", "text": "next three months wishing you hadn't"}, {"start": "00:55:23", "end": "00:55:31", "text": "said that. Right? So if you're looking"}, {"start": "00:55:28", "end": "00:55:35", "text": "at total market, if you're looking at"}, {"start": "00:55:31", "end": "00:55:35", "text": "total market cap,"}, {"start": "00:55:35", "end": "00:55:39", "text": "this is why I think we're the the"}, {"start": "00:55:36", "end": "00:55:41", "text": "uncertainty is about to unwind, right?"}, {"start": "00:55:39", "end": "00:55:44", "text": "We're going to make a decision here."}, {"start": "00:55:41", "end": "00:55:46", "text": "We're either going to break back up or"}, {"start": "00:55:44", "end": "00:55:48", "text": "we're not. And it's going to happen, I"}, {"start": "00:55:46", "end": "00:55:50", "text": "think, really, really soon. The total"}, {"start": "00:55:48", "end": "00:55:53", "text": "market cap has swept the low just like"}, {"start": "00:55:50", "end": "00:55:55", "text": "it did over here previously. But look at"}, {"start": "00:55:53", "end": "00:55:58", "text": "what it did back in May. It also swept"}, {"start": "00:55:55", "end": "00:56:00", "text": "the low. See this"}, {"start": "00:55:58", "end": "00:56:02", "text": "swept the low, rallied around the"}, {"start": "00:56:00", "end": "00:56:04", "text": "50-day,"}, {"start": "00:56:02", "end": "00:56:06", "text": "and then sold off. Just because it sold"}, {"start": "00:56:04", "end": "00:56:09", "text": "off back then does not mean it has to"}, {"start": "00:56:06", "end": "00:56:12", "text": "sell off today. What I'm saying is if it"}, {"start": "00:56:09", "end": "00:56:15", "text": "does sell off, recognize it's going to"}, {"start": "00:56:12", "end": "00:56:18", "text": "be over before you can blink. It's going"}, {"start": "00:56:15", "end": "00:56:19", "text": "to be over before you can blink."}, {"start": "00:56:18", "end": "00:56:20", "text": "And if it rallies, it'll probably be"}, {"start": "00:56:19", "end": "00:56:22", "text": "over before you can blink, too, just"}, {"start": "00:56:20", "end": "00:56:25", "text": "like it was over here, right? You get"}, {"start": "00:56:22", "end": "00:56:27", "text": "like a week of a rally and then you"}, {"start": "00:56:25", "end": "00:56:30", "text": "spend another two months consolidating."}, {"start": "00:56:27", "end": "00:56:33", "text": "And that's what happened in 2019, right?"}, {"start": "00:56:30", "end": "00:56:35", "text": "Bitcoin just sort of stairstepped up for"}, {"start": "00:56:33", "end": "00:56:38", "text": "months. If if you don't know what I'm"}, {"start": "00:56:35", "end": "00:56:39", "text": "talking about, um if you look at uh the"}, {"start": "00:56:38", "end": "00:56:42", "text": "Bitcoin chart and you go all the way"}, {"start": "00:56:39", "end": "00:56:44", "text": "back to"}, {"start": "00:56:42", "end": "00:56:46", "text": "uh 2019"}, {"start": "00:56:44", "end": "00:56:47", "text": "and you sort of zoom in here, what"}, {"start": "00:56:46", "end": "00:56:50", "text": "that's what Bitcoin did, right? like it"}, {"start": "00:56:47", "end": "00:56:52", "text": "it just sort of stairstepped upwards"}, {"start": "00:56:50", "end": "00:56:54", "text": "where it would put in a high, hold it as"}, {"start": "00:56:52", "end": "00:56:57", "text": "a hold it as support and then just kind"}, {"start": "00:56:54", "end": "00:57:01", "text": "of just slowly did that for a while and"}, {"start": "00:56:57", "end": "00:57:03", "text": "then eventually it swept below it,"}, {"start": "00:57:01", "end": "00:57:06", "text": "rallied"}, {"start": "00:57:03", "end": "00:57:09", "text": "and then it was over quickly. And look"}, {"start": "00:57:06", "end": "00:57:12", "text": "how look how quickly it became over once"}, {"start": "00:57:09", "end": "00:57:15", "text": "that final rally ended."}, {"start": "00:57:12", "end": "00:57:18", "text": "It was over in two to three weeks in"}, {"start": "00:57:15", "end": "00:57:20", "text": "2015."}, {"start": "00:57:18", "end": "00:57:22", "text": "when the final rally ended and we sort"}, {"start": "00:57:20", "end": "00:57:23", "text": "of broke back down below the 50-day"}, {"start": "00:57:22", "end": "00:57:29", "text": "moving average,"}, {"start": "00:57:23", "end": "00:57:31", "text": "it was over in 10 days. So, I it's hard"}, {"start": "00:57:29", "end": "00:57:33", "text": "because like I I see the bullcase,"}, {"start": "00:57:31", "end": "00:57:35", "text": "right? Like I'm not Some people think"}, {"start": "00:57:33", "end": "00:57:37", "text": "like I'm blind to it, that they think"}, {"start": "00:57:35", "end": "00:57:38", "text": "that I can't understand there's an RSI"}, {"start": "00:57:37", "end": "00:57:40", "text": "that looks good and that the golden"}, {"start": "00:57:38", "end": "00:57:42", "text": "cross and that we're above the I get all"}, {"start": "00:57:40", "end": "00:57:44", "text": "that, right? And that's why I said back"}, {"start": "00:57:42", "end": "00:57:47", "text": "in July the accumulation phase had"}, {"start": "00:57:44", "end": "00:57:49", "text": "begun. I mean, I I clearly said that and"}, {"start": "00:57:47", "end": "00:57:52", "text": "I've said it in practically every video"}, {"start": "00:57:49", "end": "00:57:54", "text": "since that my strategy for Bitcoin is to"}, {"start": "00:57:52", "end": "00:57:56", "text": "just simply DCA throughout the second"}, {"start": "00:57:54", "end": "00:57:57", "text": "half of the midterm year, right? That's"}, {"start": "00:57:56", "end": "00:57:59", "text": "what I've normally done. That's what I"}, {"start": "00:57:57", "end": "00:58:00", "text": "did in 2018. That's what I did in 2022."}, {"start": "00:57:59", "end": "00:58:03", "text": "That's what I said I'm going to do in"}, {"start": "00:58:00", "end": "00:58:03", "text": "2026"}, {"start": "00:58:04", "end": "00:58:08", "text": "because I know how hard it is. Like I"}, {"start": "00:58:06", "end": "00:58:12", "text": "know how hard it is to navigate the the"}, {"start": "00:58:08", "end": "00:58:15", "text": "latter part of the midterm year."}, {"start": "00:58:12", "end": "00:58:18", "text": "So, this is where we are, right? This is"}, {"start": "00:58:15", "end": "00:58:19", "text": "I hope that you can at least leave this"}, {"start": "00:58:18", "end": "00:58:21", "text": "video"}, {"start": "00:58:19", "end": "00:58:24", "text": "understanding"}, {"start": "00:58:21", "end": "00:58:26", "text": "why there is so much uncertainty,"}, {"start": "00:58:24", "end": "00:58:27", "text": "right? Because you're probably if you're"}, {"start": "00:58:26", "end": "00:58:28", "text": "if you're a bull, you're like, \"What"}, {"start": "00:58:27", "end": "00:58:32", "text": "what is Ben talking about?\" Like, \"Why"}, {"start": "00:58:28", "end": "00:58:35", "text": "is he ignoring these indicators?"}, {"start": "00:58:32", "end": "00:58:37", "text": "Why is he ignoring it?\" I'm not I I"}, {"start": "00:58:35", "end": "00:58:39", "text": "recognize them. And that's why I said I"}, {"start": "00:58:37", "end": "00:58:41", "text": "thought there was back in August, I said"}, {"start": "00:58:39", "end": "00:58:44", "text": "I think there's a 65% chance the low is"}, {"start": "00:58:41", "end": "00:58:47", "text": "ahead of us and 35% that it's behind us."}, {"start": "00:58:44", "end": "00:58:49", "text": "I still gave some probability to the low"}, {"start": "00:58:47", "end": "00:58:52", "text": "being in. It just wasn't my base case."}, {"start": "00:58:49", "end": "00:58:54", "text": "Maybe it should have been my base case,"}, {"start": "00:58:52", "end": "00:58:56", "text": "right? But it wasn't my base case back"}, {"start": "00:58:54", "end": "00:59:00", "text": "then. I didn't say it couldn't be in. I"}, {"start": "00:58:56", "end": "00:59:03", "text": "just said it wasn't my base case."}, {"start": "00:59:00", "end": "00:59:06", "text": "So, here we are. I understand the bull"}, {"start": "00:59:03", "end": "00:59:08", "text": "case. Completely understand it. Okay."}, {"start": "00:59:06", "end": "00:59:10", "text": "You don't have to convince me. I mean, I"}, {"start": "00:59:08", "end": "00:59:13", "text": "get it. I also understand the bear case"}, {"start": "00:59:10", "end": "00:59:16", "text": "from a more macro perspective. By the"}, {"start": "00:59:13", "end": "00:59:17", "text": "way, in 2019 when we were breaking out,"}, {"start": "00:59:16", "end": "00:59:20", "text": "there were not a lot of people talking"}, {"start": "00:59:17", "end": "00:59:23", "text": "about it being a false breakout and and"}, {"start": "00:59:20", "end": "00:59:25", "text": "us heading back down. You couldn't"}, {"start": "00:59:23", "end": "00:59:27", "text": "predict the pandemic, right? But I and I"}, {"start": "00:59:25", "end": "00:59:28", "text": "don't I'm not suggesting we're about to"}, {"start": "00:59:27", "end": "00:59:31", "text": "have a pandemic, but what I am saying is"}, {"start": "00:59:28", "end": "00:59:33", "text": "that there are other things that are"}, {"start": "00:59:31", "end": "00:59:37", "text": "concerning, right? And and one of those"}, {"start": "00:59:33", "end": "00:59:38", "text": "things is just simply um the price of"}, {"start": "00:59:37", "end": "00:59:40", "text": "oil, right? right? I mean, oil just"}, {"start": "00:59:38", "end": "00:59:42", "text": "keeps on going up and who knows when"}, {"start": "00:59:40", "end": "00:59:44", "text": "it's ever going to stop and I imagine"}, {"start": "00:59:42", "end": "00:59:46", "text": "that's weighing on people. And really, I"}, {"start": "00:59:44", "end": "00:59:48", "text": "think inflation is, you know, if you"}, {"start": "00:59:46", "end": "00:59:51", "text": "look at like the the producer price"}, {"start": "00:59:48", "end": "00:59:54", "text": "index as it just had that big move up, I"}, {"start": "00:59:51", "end": "00:59:56", "text": "think that's also um sort of weighing"}, {"start": "00:59:54", "end": "00:59:58", "text": "because it just means that rates are"}, {"start": "00:59:56", "end": "01:00:00", "text": "going to start going higher. It doesn't"}, {"start": "00:59:58", "end": "01:00:02", "text": "mean you can't have a bull market, but"}, {"start": "01:00:00", "end": "01:00:03", "text": "what it does mean for crypto is that if"}, {"start": "01:00:02", "end": "01:00:05", "text": "rates are going back up and they're"}, {"start": "01:00:03", "end": "01:00:07", "text": "going to become more restrictive, you"}, {"start": "01:00:05", "end": "01:00:10", "text": "should expect Bitcoin dominance to go"}, {"start": "01:00:07", "end": "01:00:12", "text": "back up like it is. As the market starts"}, {"start": "01:00:10", "end": "01:00:14", "text": "to realize we need rate hikes, rate"}, {"start": "01:00:12", "end": "01:00:17", "text": "hikes and not rate cuts, the dollar"}, {"start": "01:00:14", "end": "01:00:20", "text": "generally wants to go higher. That's at"}, {"start": "01:00:17", "end": "01:00:22", "text": "least my interpretation of of all of"}, {"start": "01:00:20", "end": "01:00:25", "text": "this. So,"}, {"start": "01:00:22", "end": "01:00:27", "text": "I hope you recognize why it's it's hard"}, {"start": "01:00:25", "end": "01:00:29", "text": "to sort of make videos that I know like"}, {"start": "01:00:27", "end": "01:00:32", "text": "a hundred thousand people are going to"}, {"start": "01:00:29", "end": "01:00:33", "text": "see because people want answers. And you"}, {"start": "01:00:32", "end": "01:00:35", "text": "know, there's a common saying, there's a"}, {"start": "01:00:33", "end": "01:00:37", "text": "time to go long, there's a time to go"}, {"start": "01:00:35", "end": "01:00:40", "text": "short, and there's a time to go fishing."}, {"start": "01:00:37", "end": "01:00:42", "text": "And I don't fish. Actually, I've never"}, {"start": "01:00:40", "end": "01:00:43", "text": "been fishing in my entire life. I like"}, {"start": "01:00:42", "end": "01:00:45", "text": "to just go play chess, right? There's a"}, {"start": "01:00:43", "end": "01:00:46", "text": "time to go long, there's a time to go"}, {"start": "01:00:45", "end": "01:00:47", "text": "short, there's a time to go play chess."}, {"start": "01:00:46", "end": "01:00:48", "text": "For me, there should been a time to go"}, {"start": "01:00:47", "end": "01:00:51", "text": "play chess, right? Right. I mean, I'm"}, {"start": "01:00:48", "end": "01:00:53", "text": "just playing chess every day just trying"}, {"start": "01:00:51", "end": "01:00:54", "text": "to see like waiting to see what happens."}, {"start": "01:00:53", "end": "01:00:57", "text": "Waiting to basically see who's right."}, {"start": "01:00:54", "end": "01:00:59", "text": "Right. Like are the are the bulls right"}, {"start": "01:00:57", "end": "01:01:02", "text": "or are the bears right? And I was way"}, {"start": "01:00:59", "end": "01:01:04", "text": "more convinced the bears were right a"}, {"start": "01:01:02", "end": "01:01:06", "text": "few weeks ago than than I am now with"}, {"start": "01:01:04", "end": "01:01:09", "text": "with these breakouts, right? Way more"}, {"start": "01:01:06", "end": "01:01:12", "text": "convinced back then. Um, but I would"}, {"start": "01:01:09", "end": "01:01:13", "text": "say, you know, be willing to pivot very"}, {"start": "01:01:12", "end": "01:01:16", "text": "quickly"}, {"start": "01:01:13", "end": "01:01:19", "text": "on whether this holds or not because if"}, {"start": "01:01:16", "end": "01:01:22", "text": "it if it if it holds, then we should be"}, {"start": "01:01:19", "end": "01:01:24", "text": "testing these highs"}, {"start": "01:01:22", "end": "01:01:27", "text": "probably before the end of the month,"}, {"start": "01:01:24", "end": "01:01:29", "text": "right? Like you can't Bitcoin can't just"}, {"start": "01:01:27", "end": "01:01:32", "text": "hang out down here without people"}, {"start": "01:01:29", "end": "01:01:34", "text": "starting to lose faith. Okay. So, if"}, {"start": "01:01:32", "end": "01:01:36", "text": "this holds, if the 50-day holds, we"}, {"start": "01:01:34", "end": "01:01:39", "text": "should be at new high, new local new"}, {"start": "01:01:36", "end": "01:01:41", "text": "local highs before the end of the month."}, {"start": "01:01:39", "end": "01:01:43", "text": "And if it doesn't hold, then we should"}, {"start": "01:01:41", "end": "01:01:46", "text": "be heading back down to the bottom of"}, {"start": "01:01:43", "end": "01:01:48", "text": "the range really, really soon."}, {"start": "01:01:46", "end": "01:01:52", "text": "So, this is what you got to watch,"}, {"start": "01:01:48", "end": "01:01:53", "text": "right? These levels right here. Um, by"}, {"start": "01:01:52", "end": "01:01:55", "text": "the way, I mean, certain things are"}, {"start": "01:01:53", "end": "01:01:56", "text": "already below these levels. If you look"}, {"start": "01:01:55", "end": "01:01:59", "text": "like Ethereum, it's been struggling a"}, {"start": "01:01:56", "end": "01:02:00", "text": "lot more. Total two, I think total three"}, {"start": "01:01:59", "end": "01:02:02", "text": "has been a little stronger. It's It's"}, {"start": "01:02:00", "end": "01:02:04", "text": "actually below the 50-day, but there's"}, {"start": "01:02:02", "end": "01:02:07", "text": "times where Total 3 gets below it and"}, {"start": "01:02:04", "end": "01:02:08", "text": "then recovers without Bitcoin going"}, {"start": "01:02:07", "end": "01:02:10", "text": "below it. So, don't put too much faith"}, {"start": "01:02:08", "end": "01:02:11", "text": "into that. Same thing with Total 2,"}, {"start": "01:02:10", "end": "01:02:15", "text": "right? Like Total 2 is already below it."}, {"start": "01:02:11", "end": "01:02:17", "text": "Total is the one I think to track. And"}, {"start": "01:02:15", "end": "01:02:19", "text": "really, right now, Bitcoin looks"}, {"start": "01:02:17", "end": "01:02:22", "text": "stronger at these levels than it did"}, {"start": "01:02:19", "end": "01:02:23", "text": "back in May because if you look at where"}, {"start": "01:02:22", "end": "01:02:25", "text": "it is, it's actually above the 50-day"}, {"start": "01:02:23", "end": "01:02:27", "text": "right now. Uh, you know, several percent"}, {"start": "01:02:25", "end": "01:02:30", "text": "above it. Whereas back in May, it was"}, {"start": "01:02:27", "end": "01:02:32", "text": "kind of just right on the line after"}, {"start": "01:02:30", "end": "01:02:35", "text": "after that drop. Like basically saying"}, {"start": "01:02:32", "end": "01:02:39", "text": "that this drop here, this wick down is"}, {"start": "01:02:35", "end": "01:02:39", "text": "kind of similar to this one."}, {"start": "01:02:39", "end": "01:02:47", "text": "So"}, {"start": "01:02:41", "end": "01:02:49", "text": "decision time is coming very, very soon."}, {"start": "01:02:47", "end": "01:02:51", "text": "One more thing, I know this video is is"}, {"start": "01:02:49", "end": "01:02:54", "text": "kind of short right now, so let me make"}, {"start": "01:02:51", "end": "01:02:56", "text": "it even longer. um the Bitcoin silver"}, {"start": "01:02:54", "end": "01:02:58", "text": "valuation and the Bitcoin gold"}, {"start": "01:02:56", "end": "01:03:01", "text": "valuation."}, {"start": "01:02:58", "end": "01:03:05", "text": "This is tricky. The Bitcoin silver"}, {"start": "01:03:01", "end": "01:03:07", "text": "valuation to me, I can't I can't sit"}, {"start": "01:03:05", "end": "01:03:08", "text": "here on the Bitcoin silver valuation and"}, {"start": "01:03:07", "end": "01:03:10", "text": "call for for much lower than it already"}, {"start": "01:03:08", "end": "01:03:13", "text": "went because I was already under the"}, {"start": "01:03:10", "end": "01:03:14", "text": "impression that"}, {"start": "01:03:13", "end": "01:03:19", "text": "just sweeping the low would be good"}, {"start": "01:03:14", "end": "01:03:21", "text": "enough. So against silver,"}, {"start": "01:03:19", "end": "01:03:23", "text": "I would say Bitcoin probably has"}, {"start": "01:03:21", "end": "01:03:28", "text": "bottomed for a long time."}, {"start": "01:03:23", "end": "01:03:31", "text": "But the problem is against gold. Against"}, {"start": "01:03:28", "end": "01:03:33", "text": "gold, I don't know that it has. I really"}, {"start": "01:03:31", "end": "01:03:35", "text": "don't know because I, you know, when you"}, {"start": "01:03:33", "end": "01:03:37", "text": "have these ranges like this, normally"}, {"start": "01:03:35", "end": "01:03:39", "text": "what happens is you eventually test"}, {"start": "01:03:37", "end": "01:03:41", "text": "them. Even though you don't want to, you"}, {"start": "01:03:39", "end": "01:03:44", "text": "eventually test them. It's no different"}, {"start": "01:03:41", "end": "01:03:47", "text": "than the ETH Bitcoin chart, the ETH"}, {"start": "01:03:44", "end": "01:03:49", "text": "market cap divided by the Bitcoin market"}, {"start": "01:03:47", "end": "01:03:51", "text": "cap chart. I spent years telling people"}, {"start": "01:03:49", "end": "01:03:53", "text": "that this thing was heading back down to"}, {"start": "01:03:51", "end": "01:03:55", "text": "the floor and it did eventually, right?"}, {"start": "01:03:53", "end": "01:03:57", "text": "It did eventually. It took a long time"}, {"start": "01:03:55", "end": "01:04:01", "text": "and eventually it did. Same thing with"}, {"start": "01:03:57", "end": "01:04:02", "text": "Salana. I I spent years telling people"}, {"start": "01:04:01", "end": "01:04:05", "text": "that this thing was heading back down to"}, {"start": "01:04:02", "end": "01:04:06", "text": "the floor. Guess what? It hasn't yet."}, {"start": "01:04:05", "end": "01:04:09", "text": "And guess what? I will continue to spend"}, {"start": "01:04:06", "end": "01:04:10", "text": "years telling you that it probably"}, {"start": "01:04:09", "end": "01:04:12", "text": "eventually will. And I might be wrong"}, {"start": "01:04:10", "end": "01:04:15", "text": "about it. There are a few altcoins that"}, {"start": "01:04:12", "end": "01:04:17", "text": "go against what I think. But it's hard"}, {"start": "01:04:15", "end": "01:04:19", "text": "to look at these charts and not just"}, {"start": "01:04:17", "end": "01:04:21", "text": "assume that eventually this just comes"}, {"start": "01:04:19", "end": "01:04:22", "text": "back down to the lows, the range lows."}, {"start": "01:04:21", "end": "01:04:24", "text": "People didn't think it was going to"}, {"start": "01:04:22", "end": "01:04:27", "text": "happen with ETH and it did. I think"}, {"start": "01:04:24", "end": "01:04:31", "text": "it'll happen with Salana, too. And when"}, {"start": "01:04:27", "end": "01:04:31", "text": "you look at the Bitcoin gold valuation,"}, {"start": "01:04:32", "end": "01:04:36", "text": "that was my base case when I sort of"}, {"start": "01:04:34", "end": "01:04:38", "text": "said it a few weeks ago and then Bitcoin"}, {"start": "01:04:36", "end": "01:04:39", "text": "just kind of kept going up. You might"}, {"start": "01:04:38", "end": "01:04:42", "text": "say, \"Well, how is this possible?\" Like,"}, {"start": "01:04:39", "end": "01:04:44", "text": "how could how could Bitcoin have"}, {"start": "01:04:42", "end": "01:04:48", "text": "bottomed against silver but not against"}, {"start": "01:04:44", "end": "01:04:51", "text": "gold? That's a great question, right?"}, {"start": "01:04:48", "end": "01:04:53", "text": "But I have a great answer for it. In"}, {"start": "01:04:51", "end": "01:04:55", "text": "1974, that's probably exactly what you"}, {"start": "01:04:53", "end": "01:04:57", "text": "thought I was going to say next, right?"}, {"start": "01:04:55", "end": "01:05:00", "text": "In 1974,"}, {"start": "01:04:57", "end": "01:05:03", "text": "silver had a similar move. It topped in"}, {"start": "01:05:00", "end": "01:05:06", "text": "in early part in like February of 1974"}, {"start": "01:05:03", "end": "01:05:08", "text": "and it dropped and it stayed at the lows"}, {"start": "01:05:06", "end": "01:05:13", "text": "for a couple of years before going back"}, {"start": "01:05:08", "end": "01:05:17", "text": "up. But gold"}, {"start": "01:05:13", "end": "01:05:20", "text": "put in a high in 1974"}, {"start": "01:05:17", "end": "01:05:23", "text": "and then put in a higher high in late"}, {"start": "01:05:20", "end": "01:05:25", "text": "1974, early 1975."}, {"start": "01:05:23", "end": "01:05:29", "text": "So"}, {"start": "01:05:25", "end": "01:05:33", "text": "that's exactly how it could happen."}, {"start": "01:05:29", "end": "01:05:36", "text": "What if gold bottoms soon, right?"}, {"start": "01:05:33", "end": "01:05:38", "text": "Because yields are topping and gold"}, {"start": "01:05:36", "end": "01:05:42", "text": "starts to head back up. But remember in"}, {"start": "01:05:38", "end": "01:05:45", "text": "1974 when gold went back up, silver went"}, {"start": "01:05:42", "end": "01:05:48", "text": "up but not near the highs, right? It"}, {"start": "01:05:45", "end": "01:05:53", "text": "consolidated for a while. And what"}, {"start": "01:05:48", "end": "01:05:57", "text": "you'll notice here is if you zoom out,"}, {"start": "01:05:53", "end": "01:06:00", "text": "you look at the bar pattern in 1974 to"}, {"start": "01:05:57", "end": "01:06:02", "text": "silver's next top. I'm saying what if"}, {"start": "01:06:00", "end": "01:06:05", "text": "what if this is a similar type of move"}, {"start": "01:06:02", "end": "01:06:06", "text": "where silver spins a maybe it rallies"}, {"start": "01:06:05", "end": "01:06:09", "text": "soon as well. Like I could see it going"}, {"start": "01:06:06", "end": "01:06:10", "text": "back up into the mid70s,"}, {"start": "01:06:09", "end": "01:06:12", "text": "but then what if it kind of consolidates"}, {"start": "01:06:10", "end": "01:06:16", "text": "and doesn't get another big move until"}, {"start": "01:06:12", "end": "01:06:19", "text": "the next midterm year?"}, {"start": "01:06:16", "end": "01:06:22", "text": "But during that period in 1974,"}, {"start": "01:06:19", "end": "01:06:25", "text": "gold dropped, but then eventually it"}, {"start": "01:06:22", "end": "01:06:27", "text": "went back up. And if you don't know what"}, {"start": "01:06:25", "end": "01:06:28", "text": "I'm talking about or having a hard time"}, {"start": "01:06:27", "end": "01:06:30", "text": "visualizing it, look at the year-to-"}, {"start": "01:06:28", "end": "01:06:36", "text": "date ROI, right? If you look at the"}, {"start": "01:06:30", "end": "01:06:36", "text": "year-to- date ROI of gold"}, {"start": "01:06:37", "end": "01:06:44", "text": "in 2026, right, and 1974,"}, {"start": "01:06:42", "end": "01:06:45", "text": "you can see it it rallied, it then"}, {"start": "01:06:44", "end": "01:06:47", "text": "dropped, and then it rallied to new"}, {"start": "01:06:45", "end": "01:06:53", "text": "highs before the end of the year. But in"}, {"start": "01:06:47", "end": "01:06:53", "text": "that same year, when you look at silver,"}, {"start": "01:06:54", "end": "01:06:59", "text": "we don't have it on here, of course, we"}, {"start": "01:06:56", "end": "01:07:01", "text": "only go back to 1976. Um, but you can"}, {"start": "01:06:59", "end": "01:07:02", "text": "imagine, right? Like we we we sort of"}, {"start": "01:07:01", "end": "01:07:04", "text": "showed it on this chart. Silver put in a"}, {"start": "01:07:02", "end": "01:07:06", "text": "high and it was just a lower high while"}, {"start": "01:07:04", "end": "01:07:08", "text": "it was a lower high in December while"}, {"start": "01:07:06", "end": "01:07:12", "text": "gold was going to new alltime highs."}, {"start": "01:07:08", "end": "01:07:14", "text": "That is how is a way that this could all"}, {"start": "01:07:12", "end": "01:07:17", "text": "make sense. That's the way in which the"}, {"start": "01:07:14", "end": "01:07:19", "text": "Bitcoin gold valuation could go back"}, {"start": "01:07:17", "end": "01:07:22", "text": "down here,"}, {"start": "01:07:19", "end": "01:07:25", "text": "but the Bitcoin silver valuation has"}, {"start": "01:07:22", "end": "01:07:28", "text": "already bottomed because maybe silver"}, {"start": "01:07:25", "end": "01:07:31", "text": "doesn't participate in the next rally to"}, {"start": "01:07:28", "end": "01:07:33", "text": "new highs like gold does."}, {"start": "01:07:31", "end": "01:07:35", "text": "So that that's the way in which I think"}, {"start": "01:07:33", "end": "01:07:38", "text": "this could all make sense is that"}, {"start": "01:07:35", "end": "01:07:40", "text": "Bitcoin bottomed against silver but not"}, {"start": "01:07:38", "end": "01:07:43", "text": "yet against gold."}, {"start": "01:07:40", "end": "01:07:45", "text": "And what's interesting is is this ratio"}, {"start": "01:07:43", "end": "01:07:47", "text": "of 10"}, {"start": "01:07:45", "end": "01:07:50", "text": "is where it bottomed back over here. So"}, {"start": "01:07:47", "end": "01:07:52", "text": "imagine imagine gold,"}, {"start": "01:07:50", "end": "01:07:54", "text": "you know, ends up being that ratio. You"}, {"start": "01:07:52", "end": "01:07:57", "text": "can do the math, right? I mean, it's"}, {"start": "01:07:54", "end": "01:07:59", "text": "just if if Bitcoin if gold is 5K, that"}, {"start": "01:07:57", "end": "01:08:02", "text": "puts Bitcoin at 50K. If gold is 6K, that"}, {"start": "01:07:59", "end": "01:08:04", "text": "puts Bitcoin at 60K, right? So you can"}, {"start": "01:08:02", "end": "01:08:06", "text": "see where that ratio like what the price"}, {"start": "01:08:04", "end": "01:08:09", "text": "of Bitcoin would be if the Bitcoin gold"}, {"start": "01:08:06", "end": "01:08:12", "text": "valuation hits 10,"}, {"start": "01:08:09", "end": "01:08:14", "text": "right? You can kind of see that, right?"}, {"start": "01:08:12", "end": "01:08:17", "text": "You just it's 10x, right? It's just 10x"}, {"start": "01:08:14", "end": "01:08:20", "text": "the move. So if if the S&P is or sorry,"}, {"start": "01:08:17", "end": "01:08:23", "text": "if gold is 7,000, that's Bitcoin at"}, {"start": "01:08:20", "end": "01:08:26", "text": "70,000. If if gold is at 4,000, that's"}, {"start": "01:08:23", "end": "01:08:28", "text": "Bitcoin at 40,000."}, {"start": "01:08:26", "end": "01:08:30", "text": "But that is is sort of the the thing I'm"}, {"start": "01:08:28", "end": "01:08:32", "text": "watching because you have sort of this"}, {"start": "01:08:30", "end": "01:08:36", "text": "move and it's kind of going up. If if"}, {"start": "01:08:32", "end": "01:08:38", "text": "Bitcoin is a fake out and gold bottoms"}, {"start": "01:08:36", "end": "01:08:40", "text": "while Bitcoin is topping, then this"}, {"start": "01:08:38", "end": "01:08:42", "text": "could quickly come back down and then"}, {"start": "01:08:40", "end": "01:08:43", "text": "you start back up just like it did with"}, {"start": "01:08:42", "end": "01:08:46", "text": "silver. It's just that with silver, it"}, {"start": "01:08:43", "end": "01:08:48", "text": "already completely unwound. But for"}, {"start": "01:08:46", "end": "01:08:51", "text": "gold, it hasn't completely unwound"}, {"start": "01:08:48", "end": "01:08:53", "text": "because it never swept the low, but it"}, {"start": "01:08:51", "end": "01:08:55", "text": "did for silver."}, {"start": "01:08:53", "end": "01:08:57", "text": "That's a lot, right? Right. And I I hope"}, {"start": "01:08:55", "end": "01:08:58", "text": "that"}, {"start": "01:08:57", "end": "01:08:59", "text": "I know when I do these videos, a lot of"}, {"start": "01:08:58", "end": "01:09:01", "text": "people are like, \"Oh, well, you're so"}, {"start": "01:08:59", "end": "01:09:02", "text": "you're saying it could go up or down.\""}, {"start": "01:09:01", "end": "01:09:05", "text": "Yes. But I I hope that some of you can"}, {"start": "01:09:02", "end": "01:09:08", "text": "at least appreciate the intricacies of"}, {"start": "01:09:05", "end": "01:09:11", "text": "all of this stuff and why it is so"}, {"start": "01:09:08", "end": "01:09:12", "text": "complicated to, you know, to just say"}, {"start": "01:09:11", "end": "01:09:14", "text": "that this is what's exactly going to"}, {"start": "01:09:12", "end": "01:09:16", "text": "happen when so much of it just simply"}, {"start": "01:09:14", "end": "01:09:19", "text": "depends on things that are completely"}, {"start": "01:09:16", "end": "01:09:20", "text": "outside of my control. I mean, if if"}, {"start": "01:09:19", "end": "01:09:22", "text": "Trump comes out tomorrow and says the"}, {"start": "01:09:20", "end": "01:09:25", "text": "war on Iran's over, then yields probably"}, {"start": "01:09:22", "end": "01:09:27", "text": "plummet and risk assets go up, right?"}, {"start": "01:09:25", "end": "01:09:29", "text": "Like I who knows what's going to happen."}, {"start": "01:09:27", "end": "01:09:33", "text": "That's why there's a lot of uncertainty."}, {"start": "01:09:29", "end": "01:09:36", "text": "That's why you defer to the chart and"}, {"start": "01:09:33", "end": "01:09:38", "text": "say if this is a fake out, the chart"}, {"start": "01:09:36", "end": "01:09:40", "text": "will tell me."}, {"start": "01:09:38", "end": "01:09:43", "text": "And if the chart doesn't tell me within"}, {"start": "01:09:40", "end": "01:09:45", "text": "the next week or two,"}, {"start": "01:09:43", "end": "01:09:47", "text": "more of the bare indicators are going to"}, {"start": "01:09:45", "end": "01:09:50", "text": "become bull indicators, right? People"}, {"start": "01:09:47", "end": "01:09:51", "text": "that are bearish because it's Q4 are"}, {"start": "01:09:50", "end": "01:09:54", "text": "going to turn bullish if this doesn't"}, {"start": "01:09:51", "end": "01:09:57", "text": "break down soon. So that's why where we"}, {"start": "01:09:54", "end": "01:09:59", "text": "are right now is so critical and and one"}, {"start": "01:09:57", "end": "01:10:01", "text": "of those things where I keep thinking be"}, {"start": "01:09:59", "end": "01:10:03", "text": "careful what you wish for. As much as it"}, {"start": "01:10:01", "end": "01:10:05", "text": "would have made sense for me Bitcoin to"}, {"start": "01:10:03", "end": "01:10:09", "text": "go down in Q4, it still very much could."}, {"start": "01:10:05", "end": "01:10:11", "text": "If it does, it might, you know, it might"}, {"start": "01:10:09", "end": "01:10:15", "text": "really affect the psyche of people that"}, {"start": "01:10:11", "end": "01:10:17", "text": "that were in this breakout, they would"}, {"start": "01:10:15", "end": "01:10:20", "text": "probably become sellers in a few months"}, {"start": "01:10:17", "end": "01:10:22", "text": "if we if we rally back up. Now, if we if"}, {"start": "01:10:20", "end": "01:10:24", "text": "we drop down and put in a new low by the"}, {"start": "01:10:22", "end": "01:10:26", "text": "end of the year, then I'm, you know,"}, {"start": "01:10:24", "end": "01:10:28", "text": "just sign me up for the bull market in"}, {"start": "01:10:26", "end": "01:10:30", "text": "2027, right? But I'm saying if we if we"}, {"start": "01:10:28", "end": "01:10:32", "text": "just drop back down, print a higher low,"}, {"start": "01:10:30", "end": "01:10:34", "text": "and then come back up, I mean, we'll"}, {"start": "01:10:32", "end": "01:10:36", "text": "cross that bridge if it happens."}, {"start": "01:10:34", "end": "01:10:37", "text": "Hopefully that's not what happens. Out"}, {"start": "01:10:36", "end": "01:10:38", "text": "of all three scenarios, that's what I"}, {"start": "01:10:37", "end": "01:10:41", "text": "would like the least, right? Like if you"}, {"start": "01:10:38", "end": "01:10:44", "text": "had to tell me there's three scenarios."}, {"start": "01:10:41", "end": "01:10:48", "text": "Option one is we just bounce here and go"}, {"start": "01:10:44", "end": "01:10:51", "text": "up. Option two is we break to a new low"}, {"start": "01:10:48", "end": "01:10:54", "text": "and then go up. And option three is we"}, {"start": "01:10:51", "end": "01:10:57", "text": "break down and print a higher low and go"}, {"start": "01:10:54", "end": "01:11:00", "text": "up. The option I like the least is this"}, {"start": "01:10:57", "end": "01:11:04", "text": "one because this one is the one that is"}, {"start": "01:11:00", "end": "01:11:06", "text": "most likely to lead to a longer downturn"}, {"start": "01:11:04", "end": "01:11:09", "text": "that would last a lot longer. Whereas"}, {"start": "01:11:06", "end": "01:11:10", "text": "the other two outcomes,"}, {"start": "01:11:09", "end": "01:11:12", "text": "I think you could just say that this"}, {"start": "01:11:10", "end": "01:11:14", "text": "time's not different, right? Like it's"}, {"start": "01:11:12", "end": "01:11:15", "text": "just more or less the same stuff. Either"}, {"start": "01:11:14", "end": "01:11:17", "text": "one of these outcomes could"}, {"start": "01:11:15", "end": "01:11:18", "text": "theoretically end the same way. Um, so"}, {"start": "01:11:17", "end": "01:11:20", "text": "those are my views. Thank you guys for"}, {"start": "01:11:18", "end": "01:11:22", "text": "tuning in. Subscribe. Give the video a"}, {"start": "01:11:20", "end": "01:11:24", "text": "thumbs up. Uh, I know these videos are"}, {"start": "01:11:22", "end": "01:11:25", "text": "are relatively short, so my apologies"}, {"start": "01:11:24", "end": "01:11:27", "text": "for that. We'll try to make the next one"}, {"start": "01:11:25", "end": "01:11:28", "text": "longer. Um, but those that's what I"}, {"start": "01:11:27", "end": "01:11:30", "text": "think. If you guys want to come talk"}, {"start": "01:11:28", "end": "01:11:31", "text": "about this stuff at the conference, we"}, {"start": "01:11:30", "end": "01:11:32", "text": "have the investing through the cycles"}, {"start": "01:11:31", "end": "01:11:33", "text": "conference coming up. I'm going to be"}, {"start": "01:11:32", "end": "01:11:34", "text": "there. We'll also have a lot of other"}, {"start": "01:11:33", "end": "01:11:36", "text": "people there. They're going to have"}, {"start": "01:11:34", "end": "01:11:38", "text": "their own opinions. Uh, learn from them"}, {"start": "01:11:36", "end": "01:11:40", "text": "because, as you know, I'm certainly not"}, {"start": "01:11:38", "end": "01:11:42", "text": "always right. Uh, in fact, I I had a"}, {"start": "01:11:40", "end": "01:11:45", "text": "pretty good run for a little while there"}, {"start": "01:11:42", "end": "01:11:47", "text": "uh recently. I think uh I I've taken a"}, {"start": "01:11:45", "end": "01:11:48", "text": "couple of hits. But, um, that's normal"}, {"start": "01:11:47", "end": "01:11:50", "text": "in markets. You just got to get back on"}, {"start": "01:11:48", "end": "01:11:52", "text": "your feet and and try to recover from"}, {"start": "01:11:50", "end": "01:11:53", "text": "that. So, thank you guys for being here."}, {"start": "01:11:52", "end": "01:11:56", "text": "Subscribe, give the video a thumbs up,"}, {"start": "01:11:53", "end": "01:11:56", "text": "and I'll see you next time."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:03", "end": "00:00:09", "text": "into the cryptoverse. This is NFA live."}, {"start": "00:00:07", "end": "00:00:12", "text": "Uh we come here on every Thursday"}, {"start": "00:00:09", "end": "00:00:14", "text": "morning at least in freedom time. If"}, {"start": "00:00:12", "end": "00:00:16", "text": "you're not in freedom time like guy,"}, {"start": "00:00:14", "end": "00:00:18", "text": "then obviously is later in the"}, {"start": "00:00:16", "end": "00:00:20", "text": "afternoon, but how's it going guy?"}, {"start": "00:00:18", "end": "00:00:24", "text": ">> Very well, thanks Ben. Despite not being"}, {"start": "00:00:20", "end": "00:00:26", "text": "on freedom time, I'm feeling good."}, {"start": "00:00:24", "end": "00:00:27", "text": ">> And we also have Rob. How's it going,"}, {"start": "00:00:26", "end": "00:00:28", "text": "Rob?"}, {"start": "00:00:27", "end": "00:00:31", "text": ">> Doing pretty good. and hope everybody"}, {"start": "00:00:28", "end": "00:00:33", "text": "else is doing good out there as well."}, {"start": "00:00:31", "end": "00:00:36", "text": ">> So, I guess the first thing to talk"}, {"start": "00:00:33", "end": "00:00:40", "text": "about is everyone's favorite topic,"}, {"start": "00:00:36", "end": "00:00:42", "text": "inflation. And you know, if you look at"}, {"start": "00:00:40", "end": "00:00:45", "text": "if you look at uh CPI, we had CPI"}, {"start": "00:00:42", "end": "00:00:48", "text": "yesterday and it came in a little"}, {"start": "00:00:45", "end": "00:00:52", "text": "elevated, right, like 37."}, {"start": "00:00:48", "end": "00:00:53", "text": ">> Um, but we actually just got a a a worse"}, {"start": "00:00:52", "end": "00:00:55", "text": "print this morning. I don't know if you"}, {"start": "00:00:53", "end": "00:00:58", "text": "guys saw it. the uh the producer price"}, {"start": "00:00:55", "end": "00:01:02", "text": "index came in at like 6.3%."}, {"start": "00:00:58", "end": "00:01:06", "text": "And the consensus was only 5.3%."}, {"start": "00:01:02", "end": "00:01:08", "text": ">> So, it's really moving up. And so, I'm"}, {"start": "00:01:06", "end": "00:01:11", "text": "curious, what do you guys think about"}, {"start": "00:01:08", "end": "00:01:13", "text": "these inflation reports? Guy, I'll start"}, {"start": "00:01:11", "end": "00:01:17", "text": "with you."}, {"start": "00:01:13", "end": "00:01:18", "text": ">> Yeah, it's um it's just some it just"}, {"start": "00:01:17", "end": "00:01:21", "text": "won't go away, will it? like because I"}, {"start": "00:01:18", "end": "00:01:24", "text": "think there was a definite sense that"}, {"start": "00:01:21", "end": "00:01:26", "text": "maybe with the with the most recent rate"}, {"start": "00:01:24", "end": "00:01:28", "text": "hike that we had and I think the last"}, {"start": "00:01:26", "end": "00:01:30", "text": "set of numbers were actually sort of"}, {"start": "00:01:28", "end": "00:01:32", "text": "quite encouraging on that front if I"}, {"start": "00:01:30", "end": "00:01:35", "text": "remember rightly. So I think there was"}, {"start": "00:01:32", "end": "00:01:37", "text": "maybe a sense that uh it wasn't quite"}, {"start": "00:01:35", "end": "00:01:41", "text": "such a you know quite something that we"}, {"start": "00:01:37", "end": "00:01:43", "text": "needed to worry about anymore. Um but"}, {"start": "00:01:41", "end": "00:01:45", "text": "yeah, they uh it it does seem to be one"}, {"start": "00:01:43", "end": "00:01:50", "text": "of these things that is just that will"}, {"start": "00:01:45", "end": "00:01:52", "text": "just not, you know, just not go away. Um"}, {"start": "00:01:50", "end": "00:01:54", "text": "and uh I wonder if it's, you know, I've"}, {"start": "00:01:52", "end": "00:01:57", "text": "sort of wondered whether the inflation"}, {"start": "00:01:54", "end": "00:01:59", "text": "risk has sort of been traded for kind of"}, {"start": "00:01:57", "end": "00:02:02", "text": "a recession risk. Do you know what I"}, {"start": "00:01:59", "end": "00:02:04", "text": "mean? It's sort of like"}, {"start": "00:02:02", "end": "00:02:06", "text": "people are sort of more have been"}, {"start": "00:02:04", "end": "00:02:08", "text": "focusing more on the on the possibility"}, {"start": "00:02:06", "end": "00:02:11", "text": "of a of a potential recession rather"}, {"start": "00:02:08", "end": "00:02:13", "text": "than sort of this this issue of"}, {"start": "00:02:11", "end": "00:02:15", "text": "inflation which is just so sticky that"}, {"start": "00:02:13", "end": "00:02:18", "text": "it just won't go away and people kind of"}, {"start": "00:02:15", "end": "00:02:20", "text": "try and focus on something else. Um, and"}, {"start": "00:02:18", "end": "00:02:22", "text": "I mean like you know a good example of"}, {"start": "00:02:20", "end": "00:02:24", "text": "of what I'm getting at is sort of I"}, {"start": "00:02:22", "end": "00:02:26", "text": "think it was Larry Frink uh was on TV"}, {"start": "00:02:24", "end": "00:02:28", "text": "yesterday I think it was saying that uh"}, {"start": "00:02:26", "end": "00:02:32", "text": "if the that the US will go into a"}, {"start": "00:02:28", "end": "00:02:34", "text": "recession if there's a moratorum on data"}, {"start": "00:02:32", "end": "00:02:37", "text": "centers and obviously you know this data"}, {"start": "00:02:34", "end": "00:02:39", "text": "center buildout this AI buildout in"}, {"start": "00:02:37", "end": "00:02:42", "text": "general I think is is really feeding"}, {"start": "00:02:39", "end": "00:02:45", "text": "into these recession problems. So, you"}, {"start": "00:02:42", "end": "00:02:47", "text": "know, I think I think we can this is,"}, {"start": "00:02:45", "end": "00:02:49", "text": "you know, this is not something that the"}, {"start": "00:02:47", "end": "00:02:51", "text": "Fed can afford to ignore that any"}, {"start": "00:02:49", "end": "00:02:53", "text": "central bank can afford to ignore"}, {"start": "00:02:51", "end": "00:02:57", "text": "because it is the most destructive force"}, {"start": "00:02:53", "end": "00:02:59", "text": "out there. So, um I think yeah, this is"}, {"start": "00:02:57", "end": "00:03:01", "text": "it's just not going away. And of course"}, {"start": "00:02:59", "end": "00:03:02", "text": "with the with the oil situation as well,"}, {"start": "00:03:01", "end": "00:03:03", "text": "which I think we're going to talk about"}, {"start": "00:03:02", "end": "00:03:05", "text": "in a little bit as well, you know,"}, {"start": "00:03:03", "end": "00:03:09", "text": "that's all feeding into it. There are"}, {"start": "00:03:05", "end": "00:03:11", "text": "just so many uh things pointing towards"}, {"start": "00:03:09", "end": "00:03:14", "text": "continued higher inflation that it's"}, {"start": "00:03:11", "end": "00:03:16", "text": "it's hard to see how um you know it's"}, {"start": "00:03:14", "end": "00:03:18", "text": "hard to see how we get out of it other"}, {"start": "00:03:16", "end": "00:03:20", "text": "than just having sky-high interest rates"}, {"start": "00:03:18", "end": "00:03:23", "text": "which of course has it it brings"}, {"start": "00:03:20", "end": "00:03:26", "text": "problems all of all of its own. Guy, can"}, {"start": "00:03:23", "end": "00:03:27", "text": "I ask you a followup because"}, {"start": "00:03:26", "end": "00:03:28", "text": "one of the interesting things that's"}, {"start": "00:03:27", "end": "00:03:31", "text": "happening right now and I know you guys"}, {"start": "00:03:28", "end": "00:03:34", "text": "follow this at Coinb as well is uh the"}, {"start": "00:03:31", "end": "00:03:38", "text": "long end. And"}, {"start": "00:03:34", "end": "00:03:41", "text": ">> normally on a hot inflation report, long"}, {"start": "00:03:38", "end": "00:03:43", "text": "end goes up, right? Because you know the"}, {"start": "00:03:41", "end": "00:03:45", "text": "the market's more worried about that."}, {"start": "00:03:43", "end": "00:03:47", "text": "But this is the first time in a long"}, {"start": "00:03:45", "end": "00:03:50", "text": "time we've seen the long end go down on"}, {"start": "00:03:47", "end": "00:03:52", "text": "a hot inflation report. So what do you"}, {"start": "00:03:50", "end": "00:03:54", "text": "think? I mean, is it is it is this the"}, {"start": "00:03:52", "end": "00:03:56", "text": "growth scare? Like, has it has it"}, {"start": "00:03:54", "end": "00:03:57", "text": "finally arrived? Like, are are markets"}, {"start": "00:03:56", "end": "00:03:59", "text": "starting to buckle under the pressure of"}, {"start": "00:03:57", "end": "00:04:01", "text": "the long end?"}, {"start": "00:03:59", "end": "00:04:04", "text": ">> How do you think the long end is is sort"}, {"start": "00:04:01", "end": "00:04:06", "text": "of playing here with these CPI reports?"}, {"start": "00:04:04", "end": "00:04:07", "text": ">> I mean, well, yeah, it has it has"}, {"start": "00:04:06", "end": "00:04:10", "text": "started to come down slightly, which as"}, {"start": "00:04:07", "end": "00:04:11", "text": "you say is is is kind of not, you know,"}, {"start": "00:04:10", "end": "00:04:14", "text": "not generally what we what we would"}, {"start": "00:04:11", "end": "00:04:16", "text": "expect to see. Um, I mean, yeah, I"}, {"start": "00:04:14", "end": "00:04:18", "text": "think, you know, there are still the the"}, {"start": "00:04:16", "end": "00:04:20", "text": "long-term there are long-term kind of"}, {"start": "00:04:18", "end": "00:04:23", "text": "solveny concerns, continued currency"}, {"start": "00:04:20", "end": "00:04:25", "text": "debasement, you know, more economic pain"}, {"start": "00:04:23", "end": "00:04:27", "text": "seems to be coming down the coming down"}, {"start": "00:04:25", "end": "00:04:30", "text": "the pipes at us, you know, from so many"}, {"start": "00:04:27", "end": "00:04:32", "text": "different directions. Um, I kind of"}, {"start": "00:04:30", "end": "00:04:36", "text": "feel, yeah, maybe this is maybe this is"}, {"start": "00:04:32", "end": "00:04:38", "text": "sort of longer term um longer term risk"}, {"start": "00:04:36", "end": "00:04:40", "text": "being being priced in in a way. I I"}, {"start": "00:04:38", "end": "00:04:44", "text": "think there are genuine genuine"}, {"start": "00:04:40", "end": "00:04:46", "text": "questions out there about uh about just"}, {"start": "00:04:44", "end": "00:04:49", "text": "how you know safe government bonds are"}, {"start": "00:04:46", "end": "00:04:51", "text": "and that goes for US treasuries and you"}, {"start": "00:04:49", "end": "00:04:53", "text": "know as much as anything else in a way."}, {"start": "00:04:51", "end": "00:04:55", "text": "So I think there is I think investors"}, {"start": "00:04:53", "end": "00:04:58", "text": "are certainly starting to think more and"}, {"start": "00:04:55", "end": "00:05:01", "text": "more seriously about whether um you know"}, {"start": "00:04:58", "end": "00:05:03", "text": "whether holding long-term US debt is"}, {"start": "00:05:01", "end": "00:05:06", "text": "really a good idea is really a good"}, {"start": "00:05:03", "end": "00:05:08", "text": "investment. So, I think I I mean I think"}, {"start": "00:05:06", "end": "00:05:10", "text": "long-end yields can still go higher from"}, {"start": "00:05:08", "end": "00:05:13", "text": "here even though they've they've they've"}, {"start": "00:05:10", "end": "00:05:15", "text": "dipped a little bit um recently. I think"}, {"start": "00:05:13", "end": "00:05:18", "text": "you know these factors that feed into"}, {"start": "00:05:15", "end": "00:05:20", "text": "that are are only going to get worse. I"}, {"start": "00:05:18", "end": "00:05:22", "text": "think"}, {"start": "00:05:20", "end": "00:05:24", "text": ">> you know they say the uh the solution to"}, {"start": "00:05:22", "end": "00:05:25", "text": "high rates is high rates, right? High"}, {"start": "00:05:24", "end": "00:05:27", "text": "rates will eventually bring rates back"}, {"start": "00:05:25", "end": "00:05:29", "text": "down. But Rob, what do you think about"}, {"start": "00:05:27", "end": "00:05:31", "text": "the inflation and the lung and all your"}, {"start": "00:05:29", "end": "00:05:34", "text": "favorite macro topics?"}, {"start": "00:05:31", "end": "00:05:36", "text": ">> Love this stuff. Love it. So, I I think"}, {"start": "00:05:34", "end": "00:05:37", "text": "it really comes down to does the market"}, {"start": "00:05:36", "end": "00:05:39", "text": "believe that the Fed has everything"}, {"start": "00:05:37", "end": "00:05:41", "text": "under control? Do they think they're"}, {"start": "00:05:39", "end": "00:05:43", "text": "going to effectively raise those rates?"}, {"start": "00:05:41", "end": "00:05:45", "text": "And if so, they can control the"}, {"start": "00:05:43", "end": "00:05:48", "text": "inflation. Now, the goal for the Fed is"}, {"start": "00:05:45", "end": "00:05:50", "text": "always 2% and also for jobs. But jobs"}, {"start": "00:05:48", "end": "00:05:52", "text": "isn't too bad so far. There's a little"}, {"start": "00:05:50", "end": "00:05:54", "text": "bit of a of a weakness there, but as far"}, {"start": "00:05:52", "end": "00:05:57", "text": "as like the rates, it looks like they"}, {"start": "00:05:54", "end": "00:05:59", "text": "are willing to raise uh those rates as"}, {"start": "00:05:57", "end": "00:06:01", "text": "they did last meeting. This one coming"}, {"start": "00:05:59", "end": "00:06:03", "text": "up on October 28th, it's up in the air."}, {"start": "00:06:01", "end": "00:06:04", "text": "I think we were at a 7030 split. Now"}, {"start": "00:06:03", "end": "00:06:05", "text": "we're at a 50/50 and now I don't know"}, {"start": "00:06:04", "end": "00:06:09", "text": "exactly where it's at because of this"}, {"start": "00:06:05", "end": "00:06:11", "text": "new economic data but there is I mean"}, {"start": "00:06:09", "end": "00:06:13", "text": "there is problems of foot Ben if you"}, {"start": "00:06:11", "end": "00:06:14", "text": "just throw this up you everybody here"}, {"start": "00:06:13", "end": "00:06:16", "text": "watching the video you're going to hear"}, {"start": "00:06:14", "end": "00:06:17", "text": "this rword a lot and that's going to be"}, {"start": "00:06:16", "end": "00:06:19", "text": "recession it's not going to be just from"}, {"start": "00:06:17", "end": "00:06:20", "text": "this channel it's going to be from every"}, {"start": "00:06:19", "end": "00:06:22", "text": "channel out there because they're going"}, {"start": "00:06:20", "end": "00:06:24", "text": "to talk about it I mean for Pete's sakes"}, {"start": "00:06:22", "end": "00:06:27", "text": "just like guy talked about Black Rockck"}, {"start": "00:06:24", "end": "00:06:28", "text": "our Larry Frink CEO just said look if uh"}, {"start": "00:06:27", "end": "00:06:30", "text": "if America like he says puts a"}, {"start": "00:06:28", "end": "00:06:31", "text": "moratorium on these data centers guess"}, {"start": "00:06:30", "end": "00:06:33", "text": "what's going to happen recession it"}, {"start": "00:06:31", "end": "00:06:36", "text": "could definitely flow to that and a"}, {"start": "00:06:33", "end": "00:06:38", "text": "recession it does usually when it's when"}, {"start": "00:06:36", "end": "00:06:40", "text": "it's happening they don't call it"}, {"start": "00:06:38", "end": "00:06:42", "text": "usually it's pretty much things are"}, {"start": "00:06:40", "end": "00:06:43", "text": "getting out of it or they're done but"}, {"start": "00:06:42", "end": "00:06:46", "text": "just remember that if you average this"}, {"start": "00:06:43", "end": "00:06:47", "text": "over the last 50 60 years or so it"}, {"start": "00:06:46", "end": "00:06:50", "text": "averages about 10 months so if you can"}, {"start": "00:06:47", "end": "00:06:52", "text": "get through that I think you'll be okay"}, {"start": "00:06:50", "end": "00:06:56", "text": "but like Ben said the which one was it"}, {"start": "00:06:52", "end": "00:06:56", "text": "this is"}, {"start": "00:06:56", "end": "00:07:00", "text": ">> yeah PPI it is high"}, {"start": "00:06:58", "end": "00:07:02", "text": ">> yeah look at the a it says PPI"}, {"start": "00:07:00", "end": "00:07:05", "text": "year-over-year it's like Yeah. 6.3%."}, {"start": "00:07:02", "end": "00:07:07", "text": ">> 6.3. That's a big number. I mean,"}, {"start": "00:07:05", "end": "00:07:08", "text": ">> it is. I mean, and this is, if"}, {"start": "00:07:07", "end": "00:07:10", "text": "everybody's wondering, it's the producer"}, {"start": "00:07:08", "end": "00:07:11", "text": "price index, not the consumer price"}, {"start": "00:07:10", "end": "00:07:13", "text": "index. These are what the producers have"}, {"start": "00:07:11", "end": "00:07:15", "text": "to pay. So, obviously, when these things"}, {"start": "00:07:13", "end": "00:07:17", "text": "go up, your prices are going to go up."}, {"start": "00:07:15", "end": "00:07:18", "text": "And that's going to keep happening."}, {"start": "00:07:17", "end": "00:07:20", "text": "Although, we take a look at other parts"}, {"start": "00:07:18", "end": "00:07:23", "text": "of this. The jobless claims pretty much"}, {"start": "00:07:20", "end": "00:07:25", "text": "in line. Retail sales, and this is the"}, {"start": "00:07:23", "end": "00:07:28", "text": "weird thing. retail sales is up and"}, {"start": "00:07:25", "end": "00:07:30", "text": "Empire State manufacturing survey is up"}, {"start": "00:07:28", "end": "00:07:31", "text": "as well which this is this is a survey"}, {"start": "00:07:30", "end": "00:07:33", "text": "of a thousand different companies and"}, {"start": "00:07:31", "end": "00:07:34", "text": "they're saying like what are you seeing"}, {"start": "00:07:33", "end": "00:07:36", "text": "as far as manufacturing are you guys"}, {"start": "00:07:34", "end": "00:07:39", "text": "expanding or you contracting and you can"}, {"start": "00:07:36", "end": "00:07:41", "text": "see where it was last time which was 7.6"}, {"start": "00:07:39", "end": "00:07:43", "text": "six where the expectation was 10.3 and"}, {"start": "00:07:41", "end": "00:07:45", "text": "where it was actually at 25.5 and this"}, {"start": "00:07:43", "end": "00:07:48", "text": "is just a survey so you can take this"}, {"start": "00:07:45", "end": "00:07:50", "text": "any way you want to but as far as like"}, {"start": "00:07:48", "end": "00:07:52", "text": "the big question is are they going to"}, {"start": "00:07:50", "end": "00:07:55", "text": "raise rates there was a Fed speech from"}, {"start": "00:07:52", "end": "00:07:57", "text": "vice chair Michelle Bowman in Thailand"}, {"start": "00:07:55", "end": "00:07:59", "text": "and then also there was one I believe in"}, {"start": "00:07:57", "end": "00:08:01", "text": "Tuesday governor Christo Wall I think"}, {"start": "00:07:59", "end": "00:08:02", "text": "one on Monday yeah Fed President Beth"}, {"start": "00:08:01", "end": "00:08:04", "text": "Hammock and what they talked about in"}, {"start": "00:08:02", "end": "00:08:06", "text": "those we talked about in the channel is"}, {"start": "00:08:04", "end": "00:08:08", "text": "that they weren't exceptionally uh"}, {"start": "00:08:06", "end": "00:08:09", "text": "hawkish they were just saying like we"}, {"start": "00:08:08", "end": "00:08:11", "text": "think that the rates that we're doing"}, {"start": "00:08:09", "end": "00:08:13", "text": "right now as far as raising are in line"}, {"start": "00:08:11", "end": "00:08:15", "text": "with what we want to do. And if they"}, {"start": "00:08:13", "end": "00:08:17", "text": "come out for October and they just keep"}, {"start": "00:08:15", "end": "00:08:19", "text": "it going and just say nothing. I think"}, {"start": "00:08:17", "end": "00:08:21", "text": "that's what the expectation is. Let's"}, {"start": "00:08:19", "end": "00:08:25", "text": "take a look. Fed watch."}, {"start": "00:08:21", "end": "00:08:27", "text": "Yeah, 7030. So, we can talk about this"}, {"start": "00:08:25", "end": "00:08:29", "text": "data, but this is where we're at and"}, {"start": "00:08:27", "end": "00:08:31", "text": "that could be a problem. But just to get"}, {"start": "00:08:29", "end": "00:08:33", "text": "back to your question, Ben, the the"}, {"start": "00:08:31", "end": "00:08:38", "text": "10-year treasuries, I mean, once we came"}, {"start": "00:08:33", "end": "00:08:41", "text": "up hot, the market went from 5.32"}, {"start": "00:08:38", "end": "00:08:44", "text": "all the way down to 5.06 for the 10. For"}, {"start": "00:08:41", "end": "00:08:47", "text": "the 20, the same thing. 5.6 down to 5.4."}, {"start": "00:08:44", "end": "00:08:48", "text": "And for the 30, you went from 5.6 all"}, {"start": "00:08:47", "end": "00:08:50", "text": "the way down. Even though we get"}, {"start": "00:08:48", "end": "00:08:52", "text": "economic data, that's pointing to"}, {"start": "00:08:50", "end": "00:08:55", "text": "something completely different. So,"}, {"start": "00:08:52", "end": "00:08:56", "text": "either the market or as Ben calls, what"}, {"start": "00:08:55", "end": "00:08:57", "text": "do you call the vigilante bonds? So, the"}, {"start": "00:08:56", "end": "00:08:59", "text": "bond vigilantes."}, {"start": "00:08:57", "end": "00:09:01", "text": ">> Bond vigilantes. they are e"}, {"start": "00:08:59", "end": "00:09:02", "text": ">> they're just saying look we understand"}, {"start": "00:09:01", "end": "00:09:04", "text": "that things are under control or maybe"}, {"start": "00:09:02", "end": "00:09:07", "text": "it's like what guy talked about but then"}, {"start": "00:09:04", "end": "00:09:09", "text": "you have to take a look at what's the"}, {"start": "00:09:07", "end": "00:09:11", "text": "factor of a recession and I know people"}, {"start": "00:09:09", "end": "00:09:12", "text": "don't want to hear about it but you have"}, {"start": "00:09:11", "end": "00:09:15", "text": "to hear about it because this is pretty"}, {"start": "00:09:12", "end": "00:09:18", "text": "much what's going on the question is as"}, {"start": "00:09:15", "end": "00:09:20", "text": "we move forward the S&P 500 since 2010"}, {"start": "00:09:18", "end": "00:09:24", "text": "has just kind of much gone up and to the"}, {"start": "00:09:20", "end": "00:09:26", "text": "right treasury yields have been down and"}, {"start": "00:09:24", "end": "00:09:28", "text": "to the right until 2020 as they started"}, {"start": "00:09:26", "end": "00:09:30", "text": "to rise again but there's this thing"}, {"start": "00:09:28", "end": "00:09:33", "text": "called the equity risk premium. And what"}, {"start": "00:09:30", "end": "00:09:35", "text": "this is, it's the S&P 500 earnings minus"}, {"start": "00:09:33", "end": "00:09:38", "text": "the 10-year Treasury yield. And we can"}, {"start": "00:09:35", "end": "00:09:41", "text": "see since 2010, what this means is do I"}, {"start": "00:09:38", "end": "00:09:43", "text": "want to get into into uh the S&P 500"}, {"start": "00:09:41", "end": "00:09:45", "text": "equities or do I want to play it safe"}, {"start": "00:09:43", "end": "00:09:47", "text": "and get into bonds? We can just see up"}, {"start": "00:09:45", "end": "00:09:49", "text": "in the right hand corner if bonds pay"}, {"start": "00:09:47", "end": "00:09:52", "text": "more or if stocks pay more. As this goes"}, {"start": "00:09:49", "end": "00:09:53", "text": "up, the stocks were paying more since"}, {"start": "00:09:52", "end": "00:09:55", "text": "2010,"}, {"start": "00:09:53", "end": "00:09:56", "text": "which is pretty pretty much par and"}, {"start": "00:09:55", "end": "00:09:59", "text": "course as we can see is like the"}, {"start": "00:09:56", "end": "00:10:01", "text": "economic development has gone since 1986"}, {"start": "00:09:59", "end": "00:10:03", "text": "all the way through here. But as we go"}, {"start": "00:10:01", "end": "00:10:06", "text": "down, the crazy thing is look at this."}, {"start": "00:10:03", "end": "00:10:08", "text": "Equity risk has gone up, bonds have gone"}, {"start": "00:10:06", "end": "00:10:09", "text": "up, the 10 and 30. But now there's a"}, {"start": "00:10:08", "end": "00:10:11", "text": "there's a there's a difference. There's"}, {"start": "00:10:09", "end": "00:10:14", "text": "a dichotomy. Now, we're seeing the"}, {"start": "00:10:11", "end": "00:10:18", "text": "equity risk premium going down because"}, {"start": "00:10:14", "end": "00:10:20", "text": "bonds are paying more and bond prices"}, {"start": "00:10:18", "end": "00:10:22", "text": "are going down. Excuse me, I don't"}, {"start": "00:10:20", "end": "00:10:25", "text": "really care about this. Treasury yields"}, {"start": "00:10:22", "end": "00:10:28", "text": "are going up. So, it's a difference of"}, {"start": "00:10:25", "end": "00:10:29", "text": "what the last 40 years has done. And I"}, {"start": "00:10:28", "end": "00:10:31", "text": "think there's going to be something that"}, {"start": "00:10:29", "end": "00:10:33", "text": "has to give. And I don't know, I mean,"}, {"start": "00:10:31", "end": "00:10:35", "text": "you can take a look at the yield curve,"}, {"start": "00:10:33", "end": "00:10:37", "text": "the 10-year minus three, and see every"}, {"start": "00:10:35", "end": "00:10:39", "text": "time it inverts, what do we get? This"}, {"start": "00:10:37", "end": "00:10:41", "text": "thing, this red thing. It's a recession."}, {"start": "00:10:39", "end": "00:10:43", "text": "It happened in 1991."}, {"start": "00:10:41", "end": "00:10:46", "text": "It happened in 2000. It happened in"}, {"start": "00:10:43", "end": "00:10:49", "text": "2007. And then it happened in 2020, but"}, {"start": "00:10:46", "end": "00:10:50", "text": "that was a pandemic. I say it like it's"}, {"start": "00:10:49", "end": "00:10:52", "text": "no big deal. But it happened again. And"}, {"start": "00:10:50", "end": "00:10:55", "text": "usually it's a lag of about 24 months."}, {"start": "00:10:52", "end": "00:10:59", "text": "And this happened around November 2022,"}, {"start": "00:10:55", "end": "00:11:01", "text": "excuse me, as it unverted 2024, 2025."}, {"start": "00:10:59", "end": "00:11:02", "text": "So this could be a big thing. And you"}, {"start": "00:11:01", "end": "00:11:04", "text": "can look at the SAM rule. You can look"}, {"start": "00:11:02", "end": "00:11:07", "text": "at the uh National Bureau of Economic"}, {"start": "00:11:04", "end": "00:11:09", "text": "Resources. The indicators non-farm"}, {"start": "00:11:07", "end": "00:11:12", "text": "payrolls are just pretty much flat. Real"}, {"start": "00:11:09", "end": "00:11:13", "text": "what's this? Real income transfers, real"}, {"start": "00:11:12", "end": "00:11:15", "text": "consumer spending has been flat."}, {"start": "00:11:13", "end": "00:11:17", "text": "Industrial production has gone a little"}, {"start": "00:11:15", "end": "00:11:19", "text": "bit up like we talked about. Household"}, {"start": "00:11:17", "end": "00:11:20", "text": "employment going down. And then"}, {"start": "00:11:19", "end": "00:11:23", "text": "manufacturing trade sales. But you can"}, {"start": "00:11:20", "end": "00:11:25", "text": "just kind of see where things are kind"}, {"start": "00:11:23", "end": "00:11:26", "text": "of going and moving in that direction of"}, {"start": "00:11:25", "end": "00:11:30", "text": "the big R word. I hate to say it, but"}, {"start": "00:11:26", "end": "00:11:32", "text": "that's what I see."}, {"start": "00:11:30", "end": "00:11:35", "text": "I mean, we're here to hear your uh your"}, {"start": "00:11:32", "end": "00:11:37", "text": "opinion, you know."}, {"start": "00:11:35", "end": "00:11:40", "text": ">> Oh. Oh, and then and then real quick, if"}, {"start": "00:11:37", "end": "00:11:42", "text": "guys, if you like that, I had Claude"}, {"start": "00:11:40", "end": "00:11:44", "text": "create that in about 10 minutes. Just"}, {"start": "00:11:42", "end": "00:11:46", "text": "use it as an artifact and just pull all"}, {"start": "00:11:44", "end": "00:11:48", "text": "the data and it updates it. So, if"}, {"start": "00:11:46", "end": "00:11:50", "text": "anybody wants this type of information,"}, {"start": "00:11:48", "end": "00:11:51", "text": "take a look at it. It's available for"}, {"start": "00:11:50", "end": "00:11:52", "text": "you."}, {"start": "00:11:51", "end": "00:11:54", "text": ">> Yeah. And I think it's probably"}, {"start": "00:11:52", "end": "00:11:56", "text": "accessing all the data through the"}, {"start": "00:11:54", "end": "00:11:58", "text": "through the FRED website because it's um"}, {"start": "00:11:56", "end": "00:12:01", "text": "that's where all of it government data"}, {"start": "00:11:58", "end": "00:12:04", "text": "comes from. Right. Right."}, {"start": "00:12:01", "end": "00:12:07", "text": ">> So yeah, and I mean it's it's it's kind"}, {"start": "00:12:04", "end": "00:12:09", "text": "of interesting because uh in one sense"}, {"start": "00:12:07", "end": "00:12:10", "text": "in one sense yields don't look that"}, {"start": "00:12:09", "end": "00:12:12", "text": "great, but then on the other side, you"}, {"start": "00:12:10", "end": "00:12:13", "text": "know, we just had initial claims this"}, {"start": "00:12:12", "end": "00:12:17", "text": "morning and they're still coming in"}, {"start": "00:12:13", "end": "00:12:19", "text": "really really low, right? So, you know,"}, {"start": "00:12:17", "end": "00:12:23", "text": "it's hard. I I I think right now it's"}, {"start": "00:12:19", "end": "00:12:26", "text": "hard to distinguish is this the actual"}, {"start": "00:12:23", "end": "00:12:28", "text": "like is it just a growth scare or is it"}, {"start": "00:12:26", "end": "00:12:29", "text": "something bigger? And you know, we'll"}, {"start": "00:12:28", "end": "00:12:31", "text": "have to we'll have to see. I mean, I"}, {"start": "00:12:29", "end": "00:12:33", "text": "normally when rates start coming down"}, {"start": "00:12:31", "end": "00:12:35", "text": "like they are, the market starts to"}, {"start": "00:12:33", "end": "00:12:38", "text": "worry more about what you were talking"}, {"start": "00:12:35", "end": "00:12:40", "text": "about the the recession. But again, we"}, {"start": "00:12:38", "end": "00:12:41", "text": "that doesn't mean it has to immediately"}, {"start": "00:12:40", "end": "00:12:43", "text": "start. Um, right."}, {"start": "00:12:41", "end": "00:12:46", "text": ">> We'll we'll see. I mean, again, timing"}, {"start": "00:12:43", "end": "00:12:48", "text": "that kind of stuff is so hard. Uh, and"}, {"start": "00:12:46", "end": "00:12:51", "text": "also too, I mean, we have what? We have"}, {"start": "00:12:48", "end": "00:12:52", "text": "the Anthropic IPO coming up next month,"}, {"start": "00:12:51", "end": "00:12:54", "text": "more than likely, unless they change it."}, {"start": "00:12:52", "end": "00:12:56", "text": "I think they could change it if the"}, {"start": "00:12:54", "end": "00:12:59", "text": "market conditions deteriorate. And then"}, {"start": "00:12:56", "end": "00:13:03", "text": "we have the Open AI IPO coming next"}, {"start": "00:12:59", "end": "00:13:06", "text": "year. Um, so we'll see. Um, the next"}, {"start": "00:13:03", "end": "00:13:08", "text": "question is, what are you guys thoughts"}, {"start": "00:13:06", "end": "00:13:11", "text": "about Bitcoin here? Because, you know,"}, {"start": "00:13:08", "end": "00:13:12", "text": "admittedly, Bitcoin has been one of the"}, {"start": "00:13:11", "end": "00:13:14", "text": "things that I've had a harder time"}, {"start": "00:13:12", "end": "00:13:18", "text": "understanding the last few months. Uh,"}, {"start": "00:13:14", "end": "00:13:21", "text": "and I mean it's back to 80K. Is this is"}, {"start": "00:13:18", "end": "00:13:23", "text": "this just a scare to uh to get people"}, {"start": "00:13:21", "end": "00:13:25", "text": "nervous before it just goes higher? Like"}, {"start": "00:13:23", "end": "00:13:27", "text": "we've seen that happen many times in the"}, {"start": "00:13:25", "end": "00:13:32", "text": "past, right? Where it'll like go down"}, {"start": "00:13:27", "end": "00:13:36", "text": "just enough to convince to convince the"}, {"start": "00:13:32", "end": "00:13:38", "text": "uh the the bears sort of the annihilated"}, {"start": "00:13:36", "end": "00:13:41", "text": "bears that they they have a chance and"}, {"start": "00:13:38", "end": "00:13:42", "text": "then it just goes up or is it is it"}, {"start": "00:13:41", "end": "00:13:46", "text": "something bigger than that? Is is there"}, {"start": "00:13:42", "end": "00:13:48", "text": "actually a reason to be concerned that"}, {"start": "00:13:46", "end": "00:13:51", "text": "you know we're back at 80K like what do"}, {"start": "00:13:48", "end": "00:13:52", "text": "you guys think guy?"}, {"start": "00:13:51", "end": "00:13:54", "text": ">> Yeah, it is looking a bit shaky I think"}, {"start": "00:13:52", "end": "00:13:56", "text": "at these levels. I think those those"}, {"start": "00:13:54", "end": "00:13:58", "text": "expectations around a rate hike you know"}, {"start": "00:13:56", "end": "00:14:02", "text": "they've just they've gone up obviously"}, {"start": "00:13:58", "end": "00:14:03", "text": "on the back of that uh CPI and PPI data."}, {"start": "00:14:02", "end": "00:14:06", "text": "So I think those expectations are"}, {"start": "00:14:03", "end": "00:14:08", "text": "hurting it. Um you couple that the ETF"}, {"start": "00:14:06", "end": "00:14:12", "text": "flows haven't been great the last week"}, {"start": "00:14:08", "end": "00:14:14", "text": "or so. Um, and as I think we talked"}, {"start": "00:14:12", "end": "00:14:16", "text": "about before in previous episodes, you"}, {"start": "00:14:14", "end": "00:14:19", "text": "know, like the recent rally that we saw"}, {"start": "00:14:16", "end": "00:14:21", "text": "didn't really make a whole lot of sense"}, {"start": "00:14:19", "end": "00:14:23", "text": "given the current climate, you know,"}, {"start": "00:14:21", "end": "00:14:26", "text": "given everything that's going on. So I"}, {"start": "00:14:23", "end": "00:14:28", "text": "do wonder now whether this might point"}, {"start": "00:14:26", "end": "00:14:30", "text": "towards a situation where macro, you"}, {"start": "00:14:28", "end": "00:14:33", "text": "know, the macro environment seems to be"}, {"start": "00:14:30", "end": "00:14:36", "text": "finally kind of taking over and going"}, {"start": "00:14:33", "end": "00:14:38", "text": "actually, you know, you really this is"}, {"start": "00:14:36", "end": "00:14:40", "text": "this is not this is not the time to be"}, {"start": "00:14:38", "end": "00:14:42", "text": "pumping given uh given everything that's"}, {"start": "00:14:40", "end": "00:14:45", "text": "going on. But yeah, as you say, like"}, {"start": "00:14:42", "end": "00:14:46", "text": "Bitcoin almost that's one of Bitcoin's"}, {"start": "00:14:45", "end": "00:14:49", "text": "best moves, isn't it? It kind of"}, {"start": "00:14:46", "end": "00:14:51", "text": "convinces us that it's uh that it's"}, {"start": "00:14:49", "end": "00:14:54", "text": "heading lower and then and then pings"}, {"start": "00:14:51", "end": "00:14:57", "text": "back the other way. So, um, yeah, I I I"}, {"start": "00:14:54", "end": "00:15:00", "text": "do kind of feel though that maybe this"}, {"start": "00:14:57", "end": "00:15:04", "text": "situation is is more sort of like the"}, {"start": "00:15:00", "end": "00:15:06", "text": "the the actual wider perspective kind of"}, {"start": "00:15:04", "end": "00:15:07", "text": "taking over a bit."}, {"start": "00:15:06", "end": "00:15:09", "text": ">> Are you saying the macro actually"}, {"start": "00:15:07", "end": "00:15:12", "text": "matters?"}, {"start": "00:15:09", "end": "00:15:14", "text": ">> Yeah, basically. Basically, that's what"}, {"start": "00:15:12", "end": "00:15:15", "text": "I, you know, that's what I suspect. But"}, {"start": "00:15:14", "end": "00:15:18", "text": "then again, like, you know, like you"}, {"start": "00:15:15", "end": "00:15:20", "text": "say, Bitcoin could Bitcoin could just"}, {"start": "00:15:18", "end": "00:15:22", "text": "shrug that off. That's that's the that's"}, {"start": "00:15:20", "end": "00:15:23", "text": "the crazy thing about it. That makes"}, {"start": "00:15:22", "end": "00:15:24", "text": "that's what makes all of us who trade"}, {"start": "00:15:23", "end": "00:15:26", "text": "it, you know, who are involved with it"}, {"start": "00:15:24", "end": "00:15:29", "text": "so mentally ill because like it just"}, {"start": "00:15:26", "end": "00:15:29", "text": "defies expectations all the time,"}, {"start": "00:15:29", "end": "00:15:32", "text": "doesn't it?"}, {"start": "00:15:29", "end": "00:15:33", "text": ">> Right. Rob, what do you think about"}, {"start": "00:15:32", "end": "00:15:37", "text": "Bitcoin? I mean, it's trading at around"}, {"start": "00:15:33", "end": "00:15:40", "text": "80 um you know, are we looking at a at a"}, {"start": "00:15:37", "end": "00:15:42", "text": "scare below 80 before right back up just"}, {"start": "00:15:40", "end": "00:15:45", "text": "to wreck the bears again?"}, {"start": "00:15:42", "end": "00:15:47", "text": ">> I don't I don't know. But uh you know"}, {"start": "00:15:45", "end": "00:15:48", "text": "it's a funny thing because like on the"}, {"start": "00:15:47", "end": "00:15:50", "text": "channel I've been talking about this 200"}, {"start": "00:15:48", "end": "00:15:52", "text": "week moving average which I steal this"}, {"start": "00:15:50", "end": "00:15:54", "text": "information from this website into the"}, {"start": "00:15:52", "end": "00:15:57", "text": "cryptoverse. It's pretty good stuff. And"}, {"start": "00:15:54", "end": "00:16:00", "text": "uh I will as I was talking about this on"}, {"start": "00:15:57", "end": "00:16:01", "text": "the show I I kept talking about you know"}, {"start": "00:16:00", "end": "00:16:03", "text": "this is a good time to buy 200 moving"}, {"start": "00:16:01", "end": "00:16:05", "text": "average 200 moving average and that was"}, {"start": "00:16:03", "end": "00:16:08", "text": "like around 58 60 61 somewhere around"}, {"start": "00:16:05", "end": "00:16:11", "text": "there. And I just and I was and I was"}, {"start": "00:16:08", "end": "00:16:14", "text": "perusing my o my older videos where"}, {"start": "00:16:11", "end": "00:16:17", "text": "there was a in 2021 where we talked"}, {"start": "00:16:14", "end": "00:16:19", "text": "about 60 60k and 65k and it just seems"}, {"start": "00:16:17", "end": "00:16:22", "text": "like you know if you just stay in this"}, {"start": "00:16:19", "end": "00:16:24", "text": "long enough the bottom of of one cycle"}, {"start": "00:16:22", "end": "00:16:26", "text": "is the top of another cycle and it's not"}, {"start": "00:16:24", "end": "00:16:29", "text": "that bad and my thesis is always the"}, {"start": "00:16:26", "end": "00:16:32", "text": "same thing. Yeah, there it is. 200 week"}, {"start": "00:16:29", "end": "00:16:34", "text": "was this was like great times to buy,"}, {"start": "00:16:32", "end": "00:16:37", "text": "right? I mean June was great. I think"}, {"start": "00:16:34", "end": "00:16:39", "text": "Benny talked about it. You know, Q3 and"}, {"start": "00:16:37", "end": "00:16:40", "text": "four on the midterm year is a pretty"}, {"start": "00:16:39", "end": "00:16:43", "text": "good time to buy and worked out pretty"}, {"start": "00:16:40", "end": "00:16:44", "text": "well. But the thesis is always the same."}, {"start": "00:16:43", "end": "00:16:46", "text": "As long as the government keeps printing"}, {"start": "00:16:44", "end": "00:16:48", "text": "money and debasing the currency, then I"}, {"start": "00:16:46", "end": "00:16:50", "text": "have no problems with continuing to buy"}, {"start": "00:16:48", "end": "00:16:51", "text": "every single Monday. And there's this"}, {"start": "00:16:50", "end": "00:16:53", "text": "I'm not going to play this, but because"}, {"start": "00:16:51", "end": "00:16:57", "text": "we're not a political channel, all of"}, {"start": "00:16:53", "end": "00:16:59", "text": "ours are not, but but Donald Trump did"}, {"start": "00:16:57", "end": "00:17:01", "text": "remind you, as a reminder, Donald Trump"}, {"start": "00:16:59", "end": "00:17:02", "text": "did give you the opportunity to vote for"}, {"start": "00:17:01", "end": "00:17:05", "text": "the Republican party. He's going to pay"}, {"start": "00:17:02", "end": "00:17:06", "text": "$5,000 to every adult in the United"}, {"start": "00:17:05", "end": "00:17:08", "text": "States, which would equal to $1.3"}, {"start": "00:17:06", "end": "00:17:11", "text": "trillion. So, again, not a political"}, {"start": "00:17:08", "end": "00:17:13", "text": ">> a modest Rob, a modest $1.3 trillion."}, {"start": "00:17:11", "end": "00:17:15", "text": ">> Well, I mean, what's a few trillion"}, {"start": "00:17:13", "end": "00:17:16", "text": "among friends? So, I mean, as long as"}, {"start": "00:17:15", "end": "00:17:18", "text": "the government keeps doing that, and"}, {"start": "00:17:16", "end": "00:17:20", "text": "that's all governments, not just the"}, {"start": "00:17:18", "end": "00:17:22", "text": "United States. We're just the king of of"}, {"start": "00:17:20", "end": "00:17:24", "text": "printing money, I'll buy Bitcoin."}, {"start": "00:17:22", "end": "00:17:25", "text": ">> I I keep thinking like, are there really"}, {"start": "00:17:24", "end": "00:17:27", "text": "people out there that think that if"}, {"start": "00:17:25", "end": "00:17:29", "text": "everyone gets $5,000, it'll actually"}, {"start": "00:17:27", "end": "00:17:32", "text": "make your life any better, right? Like"}, {"start": "00:17:29", "end": "00:17:34", "text": "if every like if everyone gets 5,000"}, {"start": "00:17:32", "end": "00:17:36", "text": "basically no one gets 5,000 because"}, {"start": "00:17:34", "end": "00:17:37", "text": "everything just like prices just are"}, {"start": "00:17:36", "end": "00:17:40", "text": "going to go up. Inflation you're going"}, {"start": "00:17:37", "end": "00:17:42", "text": "to get eaten away by inflation and or"}, {"start": "00:17:40", "end": "00:17:45", "text": "future taxes. So, I just I mean, think"}, {"start": "00:17:42", "end": "00:17:47", "text": "about it. You know, I look back at uh"}, {"start": "00:17:45", "end": "00:17:50", "text": "you know, the all the money printing we"}, {"start": "00:17:47", "end": "00:17:52", "text": "had back in like 2020, 2021. And I think"}, {"start": "00:17:50", "end": "00:17:55", "text": "about it, I'm like, would I rather have"}, {"start": "00:17:52", "end": "00:17:57", "text": "where we are today with all this macro"}, {"start": "00:17:55", "end": "00:17:59", "text": "nonsense like inflation going up and,"}, {"start": "00:17:57", "end": "00:18:01", "text": "you know, there's all these concerns or"}, {"start": "00:17:59", "end": "00:18:03", "text": "would I prefer for, you know, prices to"}, {"start": "00:18:01", "end": "00:18:06", "text": "be a lot lower? And I I think that I"}, {"start": "00:18:03", "end": "00:18:08", "text": "would prefer for prices to be lower"}, {"start": "00:18:06", "end": "00:18:10", "text": ">> uh than having gone through all of that,"}, {"start": "00:18:08", "end": "00:18:12", "text": "but we can't control it. And that's why"}, {"start": "00:18:10", "end": "00:18:14", "text": "investing is important, right? Because"}, {"start": "00:18:12", "end": "00:18:16", "text": "otherwise you just get eaten alive by"}, {"start": "00:18:14", "end": "00:18:20", "text": "inflation. But I don't know. I mean, I"}, {"start": "00:18:16", "end": "00:18:21", "text": "it just seems like who where's the money"}, {"start": "00:18:20", "end": "00:18:23", "text": "coming from, right? It's just coming"}, {"start": "00:18:21", "end": "00:18:25", "text": "from from us in a in a in a way that's"}, {"start": "00:18:23", "end": "00:18:29", "text": "not as obvious to people."}, {"start": "00:18:25", "end": "00:18:31", "text": ">> Well, Ben, I mean, you know, try having"}, {"start": "00:18:29", "end": "00:18:33", "text": "that conversation with someone who's"}, {"start": "00:18:31", "end": "00:18:35", "text": "wearing a h, you know, a helmet with"}, {"start": "00:18:33", "end": "00:18:36", "text": "beer cans attached to it and they've"}, {"start": "00:18:35", "end": "00:18:40", "text": "dragged their couch out onto the front"}, {"start": "00:18:36", "end": "00:18:40", "text": "lawn. You know, they they may have"}, {"start": "00:18:40", "end": "00:18:43", "text": "slightly different."}, {"start": "00:18:40", "end": "00:18:44", "text": ">> Someone said someone was like, \"Oh, did"}, {"start": "00:18:43", "end": "00:18:46", "text": "you say anything when when Biden did"}, {"start": "00:18:44", "end": "00:18:48", "text": "this?\" I'm like, \"Yeah, like every time"}, {"start": "00:18:46", "end": "00:18:50", "text": "any politician does it, it's not good."}, {"start": "00:18:48", "end": "00:18:53", "text": "It doesn't matter if it's a Republican"}, {"start": "00:18:50", "end": "00:18:55", "text": "or a Democrat or or an independent,"}, {"start": "00:18:53", "end": "00:18:56", "text": "right?\" Like, it's just where where's"}, {"start": "00:18:55", "end": "00:18:58", "text": "the money going to come from, right? And"}, {"start": "00:18:56", "end": "00:19:00", "text": "and I think that's the thing is you"}, {"start": "00:18:58", "end": "00:19:02", "text": "don't have to just blindly support"}, {"start": "00:19:00", "end": "00:19:05", "text": "whoever because of whatever. You can"}, {"start": "00:19:02", "end": "00:19:07", "text": "just say, \"Look, when you when you when"}, {"start": "00:19:05", "end": "00:19:08", "text": "you print money out of thin air, and"}, {"start": "00:19:07", "end": "00:19:11", "text": "when you give everyone in the world a"}, {"start": "00:19:08", "end": "00:19:14", "text": "blank or a $5,000 check or a $2,000"}, {"start": "00:19:11", "end": "00:19:16", "text": "check or whatever, it's going to be"}, {"start": "00:19:14", "end": "00:19:18", "text": "inflationary. Doesn't matter who's doing"}, {"start": "00:19:16", "end": "00:19:19", "text": "it. It's it's not it's not good.\""}, {"start": "00:19:18", "end": "00:19:22", "text": ">> And and I know people don't remember"}, {"start": "00:19:19", "end": "00:19:24", "text": "this, but George W. George W. Bush did"}, {"start": "00:19:22", "end": "00:19:26", "text": "the same thing. He gave a nice little"}, {"start": "00:19:24", "end": "00:19:26", "text": "fat uh fat check to everybody. Stimulus"}, {"start": "00:19:26", "end": "00:19:28", "text": "checks. It was great."}, {"start": "00:19:26", "end": "00:19:30", "text": ">> But I mean, a lot of politicians do it"}, {"start": "00:19:28", "end": "00:19:33", "text": "because that's what happens. like they"}, {"start": "00:19:30", "end": "00:19:35", "text": "they want to they want to get people to"}, {"start": "00:19:33", "end": "00:19:37", "text": "to vote for them. So they they sort of"}, {"start": "00:19:35", "end": "00:19:38", "text": "dangle money in front of them and say"}, {"start": "00:19:37", "end": "00:19:40", "text": "vote for me."}, {"start": "00:19:38", "end": "00:19:42", "text": ">> Yeah. And this is why I said not a"}, {"start": "00:19:40", "end": "00:19:44", "text": "political channel. It's this the thesis"}, {"start": "00:19:42", "end": "00:19:46", "text": "the basing of the currency continues to"}, {"start": "00:19:44", "end": "00:19:48", "text": "happen. It's why I buy real estate and"}, {"start": "00:19:46", "end": "00:19:51", "text": "gold and Bitcoin. Calm down."}, {"start": "00:19:48", "end": "00:19:53", "text": ">> Right. No, it's not. I I I think I"}, {"start": "00:19:51", "end": "00:19:55", "text": "People should be able to distinguish"}, {"start": "00:19:53", "end": "00:19:57", "text": "between like, you know, politics and"}, {"start": "00:19:55", "end": "00:19:59", "text": "then just like what would happen to the"}, {"start": "00:19:57", "end": "00:20:00", "text": "economy if you gave everyone a $5,000"}, {"start": "00:19:59", "end": "00:20:00", "text": "check."}, {"start": "00:20:00", "end": "00:20:02", "text": ">> Yeah."}, {"start": "00:20:00", "end": "00:20:03", "text": ">> It would be inflationary."}, {"start": "00:20:02", "end": "00:20:04", "text": ">> Yeah. And then last thing I will say"}, {"start": "00:20:03", "end": "00:20:05", "text": "when Guy said, you know, how you gonna"}, {"start": "00:20:04", "end": "00:20:08", "text": "argue with with the guy with the helmet"}, {"start": "00:20:05", "end": "00:20:09", "text": "with the two beer cans, uh, if you would"}, {"start": "00:20:08", "end": "00:20:11", "text": "just would have added with a truck,"}, {"start": "00:20:09", "end": "00:20:12", "text": "that's me. So, you can still talk to me"}, {"start": "00:20:11", "end": "00:20:14", "text": "guy. It's okay."}, {"start": "00:20:12", "end": "00:20:15", "text": ">> Someone says that I just admitted I"}, {"start": "00:20:14", "end": "00:20:18", "text": "don't like free money. But this is the"}, {"start": "00:20:15", "end": "00:20:20", "text": "thing. It's not free."}, {"start": "00:20:18", "end": "00:20:22", "text": "you you pay for it one way or another,"}, {"start": "00:20:20", "end": "00:20:26", "text": "right? And and with the uh the checks"}, {"start": "00:20:22", "end": "00:20:27", "text": "that we got in 2000 or sorry, 2020, we"}, {"start": "00:20:26", "end": "00:20:29", "text": "paid for it with all the inflation we"}, {"start": "00:20:27", "end": "00:20:31", "text": "got, right? So, you're going to pay for"}, {"start": "00:20:29", "end": "00:20:33", "text": "it one way or another."}, {"start": "00:20:31", "end": "00:20:34", "text": ">> Your future self will pay for it. Um"}, {"start": "00:20:33", "end": "00:20:37", "text": ">> right."}, {"start": "00:20:34", "end": "00:20:39", "text": ">> All right. So, next question before we"}, {"start": "00:20:37", "end": "00:20:41", "text": "get yelled at too much."}, {"start": "00:20:39", "end": "00:20:43", "text": ">> Sorry."}, {"start": "00:20:41", "end": "00:20:47", "text": ">> U All right. What was the next question?"}, {"start": "00:20:43", "end": "00:20:48", "text": "I think the next question was about um"}, {"start": "00:20:47", "end": "00:20:50", "text": "let's see uh"}, {"start": "00:20:48", "end": "00:20:51", "text": ">> rate hike oil."}, {"start": "00:20:50", "end": "00:20:52", "text": ">> Oh,"}, {"start": "00:20:51", "end": "00:20:55", "text": ">> what's the end game for oil? What's the"}, {"start": "00:20:52", "end": "00:20:57", "text": "endg game? Cuz this is the issue. Oil"}, {"start": "00:20:55", "end": "00:21:00", "text": "keeps going up and"}, {"start": "00:20:57", "end": "00:21:02", "text": ">> why would it not, you know? I mean I I I"}, {"start": "00:21:00", "end": "00:21:05", "text": "think"}, {"start": "00:21:02", "end": "00:21:05", "text": "not to get political,"}, {"start": "00:21:06", "end": "00:21:11", "text": "but I mean at what point at what point"}, {"start": "00:21:09", "end": "00:21:13", "text": "because I mean according to the"}, {"start": "00:21:11", "end": "00:21:14", "text": "administration the wars ended like 103"}, {"start": "00:21:13", "end": "00:21:15", "text": "times at this point, right?"}, {"start": "00:21:14", "end": "00:21:19", "text": ">> Yeah."}, {"start": "00:21:15", "end": "00:21:20", "text": ">> And I mean just last week we had was it"}, {"start": "00:21:19", "end": "00:21:22", "text": "earlier this week? I can't even remember"}, {"start": "00:21:20", "end": "00:21:25", "text": "it was sometime recently they announced"}, {"start": "00:21:22", "end": "00:21:28", "text": "there was an energy ceasefire, right?"}, {"start": "00:21:25", "end": "00:21:30", "text": "But then a day after"}, {"start": "00:21:28", "end": "00:21:32", "text": "they announced, \"Oh,"}, {"start": "00:21:30", "end": "00:21:35", "text": "neither side actually agreed to that,"}, {"start": "00:21:32", "end": "00:21:37", "text": "but we're just saying it.\" And and"}, {"start": "00:21:35", "end": "00:21:40", "text": "because we say it, they have to agree to"}, {"start": "00:21:37", "end": "00:21:42", "text": "it. But then, so I'm curious like at"}, {"start": "00:21:40", "end": "00:21:44", "text": "what point does the market stop caring"}, {"start": "00:21:42", "end": "00:21:46", "text": "about all these headlines about oil and"}, {"start": "00:21:44", "end": "00:21:47", "text": "and are we are we there now? Like are we"}, {"start": "00:21:46", "end": "00:21:49", "text": "at the point where the market just"}, {"start": "00:21:47", "end": "00:21:52", "text": "doesn't trust what's actually being"}, {"start": "00:21:49", "end": "00:21:54", "text": "said? And is oil just going to go up"}, {"start": "00:21:52", "end": "00:21:55", "text": "into the midterms? Because I mean I you"}, {"start": "00:21:54", "end": "00:21:56", "text": "know if you if you listen to what Trump"}, {"start": "00:21:55", "end": "00:21:58", "text": "says he says he's not going to do"}, {"start": "00:21:56", "end": "00:22:02", "text": "anything with Iran until after the"}, {"start": "00:21:58", "end": "00:22:05", "text": "midterms but that's still over two weeks"}, {"start": "00:22:02", "end": "00:22:08", "text": "away and at this rate oil is going to be"}, {"start": "00:22:05", "end": "00:22:11", "text": "well over $100 a barrel before the"}, {"start": "00:22:08", "end": "00:22:14", "text": "midterms if we keep if it keeps going"}, {"start": "00:22:11", "end": "00:22:16", "text": "up. And I I think it's been going up"}, {"start": "00:22:14", "end": "00:22:20", "text": "basically every day this week. I mean it"}, {"start": "00:22:16", "end": "00:22:22", "text": "it was at um Yeah. Now it's a 96. Yeah."}, {"start": "00:22:20", "end": "00:22:25", "text": "So, we're looking at six days in a row"}, {"start": "00:22:22", "end": "00:22:27", "text": "now where oil is up and it's basically"}, {"start": "00:22:25", "end": "00:22:30", "text": "just been going up about a dollar a day,"}, {"start": "00:22:27", "end": "00:22:32", "text": "right? It was 89, then 90, 91, 92, 93,"}, {"start": "00:22:30", "end": "00:22:35", "text": "now we're at 96."}, {"start": "00:22:32", "end": "00:22:37", "text": "What's the endgame here, Rob? Uh, just"}, {"start": "00:22:35", "end": "00:22:38", "text": "like you said, I mean, if he's going to"}, {"start": "00:22:37", "end": "00:22:40", "text": "if we're going to continue this with"}, {"start": "00:22:38", "end": "00:22:42", "text": "Iran and this happens, this means that"}, {"start": "00:22:40", "end": "00:22:43", "text": "we're going to keep having these prices."}, {"start": "00:22:42", "end": "00:22:45", "text": "But it's a funny thing because every"}, {"start": "00:22:43", "end": "00:22:47", "text": "time there's there's an announcement of"}, {"start": "00:22:45", "end": "00:22:51", "text": "like a ceasefire or some type of peace"}, {"start": "00:22:47", "end": "00:22:53", "text": "treaty or a decimation of the navy of of"}, {"start": "00:22:51", "end": "00:22:56", "text": "the IRGC, then all of a sudden then the"}, {"start": "00:22:53", "end": "00:22:57", "text": "prices go down, everybody's happy, and"}, {"start": "00:22:56", "end": "00:22:59", "text": "then all of a sudden something else"}, {"start": "00:22:57", "end": "00:23:01", "text": "happens and it goes up. So the endgame,"}, {"start": "00:22:59", "end": "00:23:04", "text": "if nothing's going to be done until the"}, {"start": "00:23:01", "end": "00:23:08", "text": "midterms, that's not a good position for"}, {"start": "00:23:04", "end": "00:23:09", "text": "the uh incumbents. And um I take a look"}, {"start": "00:23:08", "end": "00:23:12", "text": "at the the price of the pump, which I"}, {"start": "00:23:09", "end": "00:23:13", "text": "think everybody else does here as well."}, {"start": "00:23:12", "end": "00:23:15", "text": "And they all know the same thing. The"}, {"start": "00:23:13", "end": "00:23:16", "text": "prices are going up, gas, diesel,"}, {"start": "00:23:15", "end": "00:23:18", "text": "whatever else. If you're a truck driver"}, {"start": "00:23:16", "end": "00:23:20", "text": "like my brother, you see it all the"}, {"start": "00:23:18", "end": "00:23:22", "text": "time. But the bigger question, I think,"}, {"start": "00:23:20", "end": "00:23:24", "text": "would be is how do we get off of this?"}, {"start": "00:23:22", "end": "00:23:25", "text": "Because I mean, oil is oil and it's"}, {"start": "00:23:24", "end": "00:23:27", "text": "going to be we're still going to use"}, {"start": "00:23:25", "end": "00:23:30", "text": "this for for for the long haul for, you"}, {"start": "00:23:27", "end": "00:23:31", "text": "know, decades, centuries. But if you"}, {"start": "00:23:30", "end": "00:23:34", "text": "take a look at what other countries are"}, {"start": "00:23:31", "end": "00:23:36", "text": "doing like China is doing, China annual"}, {"start": "00:23:34", "end": "00:23:38", "text": "energy investment, clean energy verse"}, {"start": "00:23:36", "end": "00:23:40", "text": "fossil fuels, look at what they're"}, {"start": "00:23:38", "end": "00:23:42", "text": "investing into and look at what some of"}, {"start": "00:23:40", "end": "00:23:45", "text": "the bigger companies as well. I also"}, {"start": "00:23:42", "end": "00:23:48", "text": "watch another another expose about uh"}, {"start": "00:23:45", "end": "00:23:50", "text": "nuclear power and the creation of these"}, {"start": "00:23:48", "end": "00:23:52", "text": "small modular units which Ben can talk"}, {"start": "00:23:50", "end": "00:23:53", "text": "to a lot more than I can. But you take a"}, {"start": "00:23:52", "end": "00:23:57", "text": "look at this just for where China's"}, {"start": "00:23:53", "end": "00:23:58", "text": "going. I mean clean energy and not wind,"}, {"start": "00:23:57", "end": "00:24:02", "text": "I don't think it's wind. I think it's"}, {"start": "00:23:58", "end": "00:24:04", "text": "mostly the primarily source here is uh"}, {"start": "00:24:02", "end": "00:24:06", "text": "solar and I think that could be a bigger"}, {"start": "00:24:04", "end": "00:24:07", "text": "thing versus the fossil fuel supply. So"}, {"start": "00:24:06", "end": "00:24:09", "text": "as far as like the short term we have to"}, {"start": "00:24:07", "end": "00:24:12", "text": "deal with diesel. We have to deal with"}, {"start": "00:24:09", "end": "00:24:14", "text": "oil. We have to get that in and as long"}, {"start": "00:24:12", "end": "00:24:15", "text": "as this war keeps going on you're going"}, {"start": "00:24:14", "end": "00:24:17", "text": "to see inflation prices go up. That's"}, {"start": "00:24:15", "end": "00:24:18", "text": "why producer price index is going up."}, {"start": "00:24:17", "end": "00:24:20", "text": "That's why the CPI is going to go up"}, {"start": "00:24:18", "end": "00:24:23", "text": "next. So, for right now, which is going"}, {"start": "00:24:20", "end": "00:24:27", "text": "to be a troublesome one and like again,"}, {"start": "00:24:23", "end": "00:24:30", "text": "maybe Q4 is the big pullback quarter and"}, {"start": "00:24:27", "end": "00:24:32", "text": "we see things go. I'm curious to see if"}, {"start": "00:24:30", "end": "00:24:34", "text": "that hedge against inflation narrative"}, {"start": "00:24:32", "end": "00:24:38", "text": "for Bitcoin holds true and we start to"}, {"start": "00:24:34", "end": "00:24:40", "text": "go up or if it does something else. But"}, {"start": "00:24:38", "end": "00:24:42", "text": "again, I'll keep buying every Monday and"}, {"start": "00:24:40", "end": "00:24:45", "text": "hopefully they can go to Balhalla later."}, {"start": "00:24:42", "end": "00:24:48", "text": ">> I think the inflation thing works as"}, {"start": "00:24:45", "end": "00:24:50", "text": "long as inflation's not too high. Like"}, {"start": "00:24:48", "end": "00:24:52", "text": "it's when inflation because inflation"}, {"start": "00:24:50", "end": "00:24:54", "text": "was going up for like all of 2021, but"}, {"start": "00:24:52", "end": "00:24:57", "text": "it wasn't until we had this like massive"}, {"start": "00:24:54", "end": "00:24:58", "text": "print in inflation that then"}, {"start": "00:24:57", "end": "00:25:00", "text": ">> it became a problem because then the"}, {"start": "00:24:58", "end": "00:25:01", "text": "market started to having to price in all"}, {"start": "00:25:00", "end": "00:25:03", "text": "these rate hikes and much tighter"}, {"start": "00:25:01", "end": "00:25:06", "text": "monetary policy, right? But if inflation"}, {"start": "00:25:03", "end": "00:25:07", "text": "is turning at like 2 3% I think Bitcoin"}, {"start": "00:25:06", "end": "00:25:09", "text": "benefits from that. If it's turning them"}, {"start": "00:25:07", "end": "00:25:10", "text": "at a lot higher than that,"}, {"start": "00:25:09", "end": "00:25:12", "text": ">> that's where I think we we've come into"}, {"start": "00:25:10", "end": "00:25:14", "text": "trouble. Guy, same question to you. What"}, {"start": "00:25:12", "end": "00:25:17", "text": "is the endg game for oil here? And then"}, {"start": "00:25:14", "end": "00:25:19", "text": "I want you to sort of segue that into"}, {"start": "00:25:17", "end": "00:25:22", "text": "the next related question which is are"}, {"start": "00:25:19", "end": "00:25:25", "text": "we going to get a rate hike in October?"}, {"start": "00:25:22", "end": "00:25:27", "text": ">> Okay. Well, it's interesting that Rob"}, {"start": "00:25:25", "end": "00:25:29", "text": "brings up China there because yeah,"}, {"start": "00:25:27", "end": "00:25:31", "text": "China I think is a is a particular is of"}, {"start": "00:25:29", "end": "00:25:34", "text": "particular importance in at this"}, {"start": "00:25:31", "end": "00:25:36", "text": "particular point because um well firstly"}, {"start": "00:25:34", "end": "00:25:38", "text": "you know that investment that you point"}, {"start": "00:25:36", "end": "00:25:40", "text": "to that it's doing yeah it has invested"}, {"start": "00:25:38", "end": "00:25:42", "text": "more than anyone else in fact I think"}, {"start": "00:25:40", "end": "00:25:44", "text": "more than most other countries put"}, {"start": "00:25:42", "end": "00:25:46", "text": "together in term in electrification in"}, {"start": "00:25:44", "end": "00:25:49", "text": "clean energy and what have you and yet"}, {"start": "00:25:46", "end": "00:25:50", "text": "it is still the world's biggest oil"}, {"start": "00:25:49", "end": "00:25:53", "text": "importer"}, {"start": "00:25:50", "end": "00:25:55", "text": ">> um which I think shows the scale of of"}, {"start": "00:25:53", "end": "00:25:56", "text": "the thing that has to be done. And of"}, {"start": "00:25:55", "end": "00:25:59", "text": "course, last time, you know, when things"}, {"start": "00:25:56", "end": "00:26:03", "text": "got really or when the war kicked off uh"}, {"start": "00:25:59", "end": "00:26:05", "text": "in March, whenever it was um and prices"}, {"start": "00:26:03", "end": "00:26:07", "text": "started to, you know, oil prices started"}, {"start": "00:26:05", "end": "00:26:10", "text": "to rocket, pretty much the main reason"}, {"start": "00:26:07", "end": "00:26:12", "text": "why they didn't go absolutely parabolic,"}, {"start": "00:26:10", "end": "00:26:14", "text": "I think, was because China decided to"}, {"start": "00:26:12", "end": "00:26:16", "text": "stop importing, decided to step away"}, {"start": "00:26:14", "end": "00:26:19", "text": "from the market and run down its"}, {"start": "00:26:16", "end": "00:26:22", "text": "reserves. But those reserves have now"}, {"start": "00:26:19", "end": "00:26:23", "text": "been run down. So this time around you"}, {"start": "00:26:22", "end": "00:26:26", "text": "know any escalation or you know even if"}, {"start": "00:26:23", "end": "00:26:28", "text": "the situation continues as it is China"}, {"start": "00:26:26", "end": "00:26:30", "text": "is a buyer and China will also have to"}, {"start": "00:26:28", "end": "00:26:32", "text": "refill its reserves along with every"}, {"start": "00:26:30", "end": "00:26:34", "text": "other country um like you know like the"}, {"start": "00:26:32", "end": "00:26:36", "text": "US like many European countries that"}, {"start": "00:26:34", "end": "00:26:38", "text": "have now run down their reserves. So"}, {"start": "00:26:36", "end": "00:26:40", "text": "this isn't even if the situation were"}, {"start": "00:26:38", "end": "00:26:42", "text": "resolved tomorrow, even if the straight"}, {"start": "00:26:40", "end": "00:26:45", "text": "of Hormuz was opened, even if the Beel"}, {"start": "00:26:42", "end": "00:26:47", "text": "Menddeb Strait was reopened, even if"}, {"start": "00:26:45", "end": "00:26:49", "text": "production just went straight back to"}, {"start": "00:26:47", "end": "00:26:52", "text": "pre-war levels, those reserves would"}, {"start": "00:26:49", "end": "00:26:54", "text": "still need to be refilled. So oil would"}, {"start": "00:26:52", "end": "00:26:56", "text": "stay elevated for an extended period of"}, {"start": "00:26:54", "end": "00:26:58", "text": "time. Um, and then there's then there's"}, {"start": "00:26:56", "end": "00:27:00", "text": "refining capacity as well. you know,"}, {"start": "00:26:58", "end": "00:27:03", "text": "this is a particular issue now because"}, {"start": "00:27:00", "end": "00:27:05", "text": "obviously crude oil itself is basically"}, {"start": "00:27:03", "end": "00:27:07", "text": "fairly useless until you've actually"}, {"start": "00:27:05", "end": "00:27:09", "text": "refined it into something that you can"}, {"start": "00:27:07", "end": "00:27:12", "text": "put in your in your tank or or burn or"}, {"start": "00:27:09", "end": "00:27:14", "text": "whatever. So, I think yeah, I I I don't"}, {"start": "00:27:12", "end": "00:27:17", "text": "see a world um I don't see it happening"}, {"start": "00:27:14", "end": "00:27:18", "text": "anytime soon that we get oil prices"}, {"start": "00:27:17", "end": "00:27:20", "text": "going down."}, {"start": "00:27:18", "end": "00:27:23", "text": "like they do tend to they do tend to"}, {"start": "00:27:20", "end": "00:27:27", "text": "react very quickly to particular bits of"}, {"start": "00:27:23", "end": "00:27:28", "text": "news, but over the long term, I think"}, {"start": "00:27:27", "end": "00:27:29", "text": "they I think they're going to stay"}, {"start": "00:27:28", "end": "00:27:32", "text": "elevated and I think they've probably"}, {"start": "00:27:29", "end": "00:27:33", "text": "got a lot higher to go from here because"}, {"start": "00:27:32", "end": "00:27:34", "text": "of all those things and other things"}, {"start": "00:27:33", "end": "00:27:36", "text": "that I took that I haven't even"}, {"start": "00:27:34", "end": "00:27:38", "text": "mentioned like, you know, the the"}, {"start": "00:27:36", "end": "00:27:40", "text": "northern hemisphere basically going into"}, {"start": "00:27:38", "end": "00:27:41", "text": "winter now, uh, which is going to"}, {"start": "00:27:40", "end": "00:27:43", "text": "require, you know, heating and all that"}, {"start": "00:27:41", "end": "00:27:45", "text": "sort of stuff. But to segue into the"}, {"start": "00:27:43", "end": "00:27:48", "text": "into the rate hike question, um"}, {"start": "00:27:45", "end": "00:27:50", "text": "obviously as as Robert's pointed out,"}, {"start": "00:27:48", "end": "00:27:52", "text": "those oil prices feed into inflation."}, {"start": "00:27:50", "end": "00:27:54", "text": "They're one of the, you know, big one of"}, {"start": "00:27:52", "end": "00:27:56", "text": "the big issues. Um and the chances of a"}, {"start": "00:27:54", "end": "00:27:59", "text": "hike at the end of this month have"}, {"start": "00:27:56", "end": "00:28:01", "text": "jumped on that data. I would imagine"}, {"start": "00:27:59", "end": "00:28:03", "text": "though that Kevin Walsh and Co are"}, {"start": "00:28:01", "end": "00:28:05", "text": "probably quite unwilling to do another"}, {"start": "00:28:03", "end": "00:28:07", "text": "rate hike before the midterms."}, {"start": "00:28:05", "end": "00:28:08", "text": ">> I think the pressure coming from the"}, {"start": "00:28:07", "end": "00:28:11", "text": "White House, you know, from the"}, {"start": "00:28:08", "end": "00:28:13", "text": "administration must be pretty big. So my"}, {"start": "00:28:11", "end": "00:28:15", "text": "guess would be, and it can only be a"}, {"start": "00:28:13", "end": "00:28:17", "text": "guess, my guess would be that they don't"}, {"start": "00:28:15", "end": "00:28:19", "text": "hike this time, but I think, you know,"}, {"start": "00:28:17", "end": "00:28:21", "text": "markets are still very much pricing in"}, {"start": "00:28:19", "end": "00:28:22", "text": "another hike before the end of the year."}, {"start": "00:28:21", "end": "00:28:25", "text": "And my guess is that they will leave it"}, {"start": "00:28:22", "end": "00:28:26", "text": "until the next meeting to do it. So"}, {"start": "00:28:25", "end": "00:28:29", "text": "because I think doing it before the"}, {"start": "00:28:26", "end": "00:28:31", "text": "midterms is just too will be will be"}, {"start": "00:28:29", "end": "00:28:33", "text": "seen as a political move even if it"}, {"start": "00:28:31", "end": "00:28:37", "text": "isn't. So that would be my guess. You"}, {"start": "00:28:33", "end": "00:28:39", "text": "know, in in 2018, they hiked in"}, {"start": "00:28:37", "end": "00:28:41", "text": "September and then they skipped the"}, {"start": "00:28:39", "end": "00:28:43", "text": "October November meeting and then they"}, {"start": "00:28:41", "end": "00:28:44", "text": "hiked again after the midterms in"}, {"start": "00:28:43", "end": "00:28:45", "text": "December."}, {"start": "00:28:44", "end": "00:28:47", "text": ">> So, I wonder if they're going to run"}, {"start": "00:28:45", "end": "00:28:50", "text": "that playbook again."}, {"start": "00:28:47", "end": "00:28:51", "text": ">> Yeah, I wouldn't blame them if they did."}, {"start": "00:28:50", "end": "00:28:55", "text": ">> Well, and you know, if they if they"}, {"start": "00:28:51", "end": "00:28:57", "text": "don't hike, um, normally yields top in"}, {"start": "00:28:55", "end": "00:28:59", "text": "October, right, in midterm, and then"}, {"start": "00:28:57", "end": "00:29:01", "text": "they drop, and then around midterms they"}, {"start": "00:28:59", "end": "00:29:03", "text": "go back up, like the long end goes back"}, {"start": "00:29:01", "end": "00:29:06", "text": "up. I almost wonder I mean what you said"}, {"start": "00:29:03", "end": "00:29:07", "text": "would actually make a lot of sense by"}, {"start": "00:29:06", "end": "00:29:09", "text": "like looking at the chart because what"}, {"start": "00:29:07", "end": "00:29:11", "text": "like imagine they don't raise rates that"}, {"start": "00:29:09", "end": "00:29:13", "text": "would probably make the long end bounce"}, {"start": "00:29:11", "end": "00:29:16", "text": "back up for you know kind of around the"}, {"start": "00:29:13", "end": "00:29:17", "text": "midterms. um it would kind of line up"}, {"start": "00:29:16", "end": "00:29:19", "text": "with every, you know, with every other"}, {"start": "00:29:17", "end": "00:29:21", "text": "midterm year where we see rates kind of"}, {"start": "00:29:19", "end": "00:29:23", "text": "top in October, drop and then bounce"}, {"start": "00:29:21", "end": "00:29:26", "text": "into the midterms and then they fall"}, {"start": "00:29:23", "end": "00:29:28", "text": "down after the Fed kind of comes out and"}, {"start": "00:29:26", "end": "00:29:31", "text": "we'll decide that they will raise rates,"}, {"start": "00:29:28", "end": "00:29:31", "text": "you know, that meeting."}, {"start": "00:29:31", "end": "00:29:32", "text": "Um,"}, {"start": "00:29:31", "end": "00:29:33", "text": ">> yeah."}, {"start": "00:29:32", "end": "00:29:35", "text": ">> Yeah. Know, I mean, it's it's tough. And"}, {"start": "00:29:33", "end": "00:29:37", "text": "I I I think it's also easy to be an"}, {"start": "00:29:35", "end": "00:29:40", "text": "armchair economist and and criticize the"}, {"start": "00:29:37", "end": "00:29:41", "text": "Fed, but as I've said many many times,"}, {"start": "00:29:40", "end": "00:29:44", "text": "you know, like a lot of the people that"}, {"start": "00:29:41", "end": "00:29:46", "text": "criticized the Fed for raising rates"}, {"start": "00:29:44", "end": "00:29:49", "text": "would have also criticized them for"}, {"start": "00:29:46", "end": "00:29:50", "text": "raising rates in 2022 and 2023, thinking"}, {"start": "00:29:49", "end": "00:29:52", "text": "that the market were collapsing and then"}, {"start": "00:29:50", "end": "00:29:54", "text": "the markets never collapsed, right? They"}, {"start": "00:29:52", "end": "00:29:57", "text": "just kept going to new all-time highs."}, {"start": "00:29:54", "end": "00:29:58", "text": "So I think I think we have to let them"}, {"start": "00:29:57", "end": "00:30:01", "text": "and and I think the other thing too is"}, {"start": "00:29:58", "end": "00:30:04", "text": "like they have to make decisions based"}, {"start": "00:30:01", "end": "00:30:05", "text": "on what the data says. They can't decide"}, {"start": "00:30:04", "end": "00:30:07", "text": "based on whether they think the war in"}, {"start": "00:30:05", "end": "00:30:09", "text": "Iran's going to end or not, right?"}, {"start": "00:30:07", "end": "00:30:10", "text": "Because if the war in Iran were to end,"}, {"start": "00:30:09", "end": "00:30:12", "text": "then inflation would have a massive"}, {"start": "00:30:10", "end": "00:30:14", "text": "headwind against it, right? And it"}, {"start": "00:30:12", "end": "00:30:15", "text": "probably come back down, but who knows"}, {"start": "00:30:14", "end": "00:30:17", "text": "when that's going to happen, right? No"}, {"start": "00:30:15", "end": "00:30:22", "text": "one knows."}, {"start": "00:30:17", "end": "00:30:24", "text": ">> Um, last question for you guys. Um,"}, {"start": "00:30:22", "end": "00:30:27", "text": "Rob's favorite topic."}, {"start": "00:30:24", "end": "00:30:28", "text": "Favorite topic. Last cycle. He wouldn't"}, {"start": "00:30:27", "end": "00:30:30", "text": "stop talking about it. Bitcoin"}, {"start": "00:30:28", "end": "00:30:31", "text": "dominance."}, {"start": "00:30:30", "end": "00:30:34", "text": ">> Rob, what do you think? If we're going"}, {"start": "00:30:31", "end": "00:30:35", "text": "if we're going back to to higher rates,"}, {"start": "00:30:34", "end": "00:30:37", "text": "are we going back to higher Bitcoin"}, {"start": "00:30:35", "end": "00:30:38", "text": "dominance?"}, {"start": "00:30:37", "end": "00:30:41", "text": ">> So,"}, {"start": "00:30:38", "end": "00:30:42", "text": "right now, I think what are we at? 60%."}, {"start": "00:30:41", "end": "00:30:45", "text": ">> Yeah."}, {"start": "00:30:42", "end": "00:30:48", "text": ">> Okay. So, let's see. For the short term,"}, {"start": "00:30:45", "end": "00:30:49", "text": "dominance will probably go back up. I"}, {"start": "00:30:48", "end": "00:30:52", "text": "don't think we're going to see a lot of"}, {"start": "00:30:49", "end": "00:30:54", "text": "inflows into altcoins"}, {"start": "00:30:52", "end": "00:30:56", "text": "uh because that's just it's just too"}, {"start": "00:30:54", "end": "00:30:59", "text": "risky right now. So, if that's the case,"}, {"start": "00:30:56", "end": "00:31:00", "text": "then dominance will go back up. I don't"}, {"start": "00:30:59", "end": "00:31:04", "text": "think it's going to go to like the 70s"}, {"start": "00:31:00", "end": "00:31:07", "text": "or 80s like uh in in yester year, but I"}, {"start": "00:31:04", "end": "00:31:10", "text": "just don't see uh Bitcoin dominance not"}, {"start": "00:31:07", "end": "00:31:13", "text": "increasing just a little bit unless"}, {"start": "00:31:10", "end": "00:31:15", "text": "there's some massive"}, {"start": "00:31:13", "end": "00:31:17", "text": "happening with AI agents, tokenization"}, {"start": "00:31:15", "end": "00:31:19", "text": "of real world assets or payments for the"}, {"start": "00:31:17", "end": "00:31:21", "text": "altcoin market. And I mean something"}, {"start": "00:31:19", "end": "00:31:23", "text": "like like big. So dominance I think will"}, {"start": "00:31:21", "end": "00:31:26", "text": "probably go up. This is why it's not a"}, {"start": "00:31:23", "end": "00:31:30", "text": "bad idea to buy in the Q4 of midterm"}, {"start": "00:31:26", "end": "00:31:32", "text": "year. But, uh, I think at some point if"}, {"start": "00:31:30", "end": "00:31:33", "text": "you really want to get ahead of it, it's"}, {"start": "00:31:32", "end": "00:31:36", "text": "about investing about where the hockey"}, {"start": "00:31:33", "end": "00:31:38", "text": "puck is going, where the hockey puck is,"}, {"start": "00:31:36", "end": "00:31:39", "text": "maybe you should, maybe some of you, I"}, {"start": "00:31:38", "end": "00:31:41", "text": "know it's not going to go over well,"}, {"start": "00:31:39", "end": "00:31:42", "text": "take a look at some specific alts that"}, {"start": "00:31:41", "end": "00:31:45", "text": "are doing certain things in those three"}, {"start": "00:31:42", "end": "00:31:47", "text": "sectors. AI agents, payments,"}, {"start": "00:31:45", "end": "00:31:49", "text": "tokenization of real world assets."}, {"start": "00:31:47", "end": "00:31:51", "text": "That's"}, {"start": "00:31:49", "end": "00:31:54", "text": ">> fair enough. And, uh, guy, are you in"}, {"start": "00:31:51", "end": "00:31:56", "text": "the same camp like up Bitcoin dominance"}, {"start": "00:31:54", "end": "00:32:00", "text": "up briefly or at least for a little bit?"}, {"start": "00:31:56", "end": "00:32:03", "text": "I think so. Yeah. Because I think, you"}, {"start": "00:32:00", "end": "00:32:05", "text": "know, the only the only it's only really"}, {"start": "00:32:03", "end": "00:32:07", "text": "Bitcoin that I think generates any sort"}, {"start": "00:32:05", "end": "00:32:10", "text": "of interest and has any sort of strong"}, {"start": "00:32:07", "end": "00:32:13", "text": "narrative outside of crypto bro circles,"}, {"start": "00:32:10", "end": "00:32:15", "text": "outside of this kind of current circle"}, {"start": "00:32:13", "end": "00:32:17", "text": "jerk, which is like, yeah, tokenization"}, {"start": "00:32:15", "end": "00:32:19", "text": "super cycle, all this sort of stuff, you"}, {"start": "00:32:17", "end": "00:32:22", "text": "know, I see all these people reporting"}, {"start": "00:32:19", "end": "00:32:24", "text": "from token 2049. It's like, you know,"}, {"start": "00:32:22", "end": "00:32:26", "text": "everybody's talking about tokenization"}, {"start": "00:32:24", "end": "00:32:28", "text": "of, you know, it's just like, yeah,"}, {"start": "00:32:26", "end": "00:32:30", "text": "everyone at this crypto conference is, I"}, {"start": "00:32:28", "end": "00:32:32", "text": "can tell you virtually no one is out in"}, {"start": "00:32:30", "end": "00:32:33", "text": "the real world. But, you know, I I still"}, {"start": "00:32:32", "end": "00:32:35", "text": "think I still think there are particular"}, {"start": "00:32:33", "end": "00:32:38", "text": "alts that will catch a bid. But, yeah,"}, {"start": "00:32:35", "end": "00:32:40", "text": "Bitcoin has that Bitcoin has that sort"}, {"start": "00:32:38", "end": "00:32:41", "text": "of bulletproof narrative, which we've"}, {"start": "00:32:40", "end": "00:32:44", "text": "which you've already alluded to, Ben,"}, {"start": "00:32:41", "end": "00:32:46", "text": "this debasement trade narrative. um you"}, {"start": "00:32:44", "end": "00:32:49", "text": "know, every time bond yields, every time"}, {"start": "00:32:46", "end": "00:32:51", "text": "debt is talked about, it's just making"}, {"start": "00:32:49", "end": "00:32:53", "text": "the case more and more strongly for"}, {"start": "00:32:51", "end": "00:32:55", "text": "Bitcoin, and that that just doesn't go"}, {"start": "00:32:53", "end": "00:32:57", "text": "away. So, I think yeah, I can see"}, {"start": "00:32:55", "end": "00:33:00", "text": "Bitcoin dominance climbing from here."}, {"start": "00:32:57", "end": "00:33:02", "text": ">> You're not talking about my alts, right?"}, {"start": "00:33:00", "end": "00:33:02", "text": ">> Uh no, I was talking about Rob's."}, {"start": "00:33:02", "end": "00:33:05", "text": ">> Okay."}, {"start": "00:33:02", "end": "00:33:07", "text": ">> Yeah. Well, Ben only has memecoin, so it"}, {"start": "00:33:05", "end": "00:33:10", "text": "doesn't matter."}, {"start": "00:33:07", "end": "00:33:11", "text": "And with that,"}, {"start": "00:33:10", "end": "00:33:13", "text": ">> And with that lie,"}, {"start": "00:33:11", "end": "00:33:16", "text": ">> And with that, why don't we go ahead and"}, {"start": "00:33:13", "end": "00:33:17", "text": "wrap it up? Um,"}, {"start": "00:33:16", "end": "00:33:19", "text": ">> probably wise."}, {"start": "00:33:17", "end": "00:33:21", "text": ">> Uh, if you enjoyed this, we're actually"}, {"start": "00:33:19", "end": "00:33:26", "text": "going to do NFA Live, actually live in"}, {"start": "00:33:21", "end": "00:33:27", "text": "Miami in just over a month um at the uh"}, {"start": "00:33:26", "end": "00:33:29", "text": "ITC conference. So hopefully we'll see"}, {"start": "00:33:27", "end": "00:33:32", "text": "you guys there. And if you're not if"}, {"start": "00:33:29", "end": "00:33:33", "text": "you're not subscribed to Guy uh or Rob,"}, {"start": "00:33:32", "end": "00:33:35", "text": "links in the description below to both"}, {"start": "00:33:33", "end": "00:33:38", "text": "their channels. Make sure you subscribe."}, {"start": "00:33:35", "end": "00:33:40", "text": "and we will be on Rob's channel uh a"}, {"start": "00:33:38", "end": "00:33:42", "text": "week from today. Um but it was great to"}, {"start": "00:33:40", "end": "00:33:43", "text": "have everyone here. Thank you guys for"}, {"start": "00:33:42", "end": "00:33:48", "text": "tuning in and we will see you guys next"}, {"start": "00:33:43", "end": "00:33:48", "text": "time. Bye everybody."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "A lot of people said they couldn't raise"}, {"start": "00:00:01", "end": "00:00:06", "text": "rates above 3 and a half% and if they"}, {"start": "00:00:03", "end": "00:00:09", "text": "did they would break everything. So I"}, {"start": "00:00:06", "end": "00:00:10", "text": "don't envy their position. It it's easy"}, {"start": "00:00:09", "end": "00:00:12", "text": "to be an armchair economist and say,"}, {"start": "00:00:10", "end": "00:00:15", "text": "\"Oh, this is what the Fed should do.\""}, {"start": "00:00:12", "end": "00:00:18", "text": "But think about this. Go back in time to"}, {"start": "00:00:15", "end": "00:00:19", "text": "2022 when the Fed was raising rates."}, {"start": "00:00:18", "end": "00:00:21", "text": "Practically every armchair economist was"}, {"start": "00:00:19", "end": "00:00:23", "text": "screaming that they were breaking the"}, {"start": "00:00:21", "end": "00:00:24", "text": "economy and that they were destroying"}, {"start": "00:00:23", "end": "00:00:26", "text": "everything. And a lot of people said"}, {"start": "00:00:24", "end": "00:00:28", "text": "they couldn't raise rates above 3 and a"}, {"start": "00:00:26", "end": "00:00:30", "text": "half% and if they did, they would break"}, {"start": "00:00:28", "end": "00:00:32", "text": "everything. They didn't. They went to"}, {"start": "00:00:30", "end": "00:00:34", "text": "five and a half percent. It didn't break"}, {"start": "00:00:32", "end": "00:00:37", "text": "anything. The markets continue to new"}, {"start": "00:00:34", "end": "00:00:39", "text": "all-time highs for years after that. So"}, {"start": "00:00:37", "end": "00:00:42", "text": "again, it's easy to be an armchair"}, {"start": "00:00:39", "end": "00:00:45", "text": "economist and and criticize everything"}, {"start": "00:00:42", "end": "00:00:47", "text": "the Fed does. But if any of these"}, {"start": "00:00:45", "end": "00:00:50", "text": "armchair economists were actually on the"}, {"start": "00:00:47", "end": "00:00:51", "text": "Fed in 2022, most of them probably would"}, {"start": "00:00:50", "end": "00:00:52", "text": "have never raised rates to begin with,"}, {"start": "00:00:51", "end": "00:00:56", "text": "and we would have had even worse"}, {"start": "00:00:52", "end": "00:00:58", "text": "inflation than we do now. So, it it's a"}, {"start": "00:00:56", "end": "00:00:58", "text": "tough spot to be"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:06", "text": "into the macroverse."}, {"start": "00:00:04", "end": "00:00:10", "text": "Today we're going to talk about the"}, {"start": "00:00:06", "end": "00:00:13", "text": "recent CPI report and how the inflation"}, {"start": "00:00:10", "end": "00:00:15", "text": "data came in hotter than expected. If"}, {"start": "00:00:13", "end": "00:00:16", "text": "you guys like the content, make sure you"}, {"start": "00:00:15", "end": "00:00:19", "text": "subscribe to the channel. Give the video"}, {"start": "00:00:16", "end": "00:00:22", "text": "a thumbs up and also check out the sale"}, {"start": "00:00:19", "end": "00:00:24", "text": "on Into the Cryptoverse Premium at into"}, {"start": "00:00:22", "end": "00:00:27", "text": "the cryptoverse.com."}, {"start": "00:00:24", "end": "00:00:30", "text": "As a reminder, the upcoming Investing"}, {"start": "00:00:27", "end": "00:00:32", "text": "Through the Cycles conference is next"}, {"start": "00:00:30", "end": "00:00:34", "text": "month. It's just over a month from now."}, {"start": "00:00:32", "end": "00:00:36", "text": "So, if you would like to go, make sure"}, {"start": "00:00:34", "end": "00:00:38", "text": "you get your ticket. Ticket prices will"}, {"start": "00:00:36", "end": "00:00:40", "text": "be going up in just about two weeks or"}, {"start": "00:00:38", "end": "00:00:42", "text": "so. So, on November 1st, make sure you"}, {"start": "00:00:40", "end": "00:00:46", "text": "get your ticket before then if you are"}, {"start": "00:00:42", "end": "00:00:49", "text": "in fact wanting to attend. So, inflation"}, {"start": "00:00:46", "end": "00:00:52", "text": "came in a little hotter than expected,"}, {"start": "00:00:49", "end": "00:00:54", "text": "right? So, if we go over to the uh the"}, {"start": "00:00:52", "end": "00:00:57", "text": "calendar, you can see that in the"}, {"start": "00:00:54", "end": "00:01:00", "text": "inflation rate year-over-year, we were"}, {"start": "00:00:57", "end": "00:01:02", "text": "expecting uh 3.6. And when I say we, I"}, {"start": "00:01:00", "end": "00:01:04", "text": "just mean the consensus. Uh the"}, {"start": "00:01:02", "end": "00:01:08", "text": "consensus view was 3.6. It actually came"}, {"start": "00:01:04", "end": "00:01:11", "text": "in at 3.7, which is above where it was"}, {"start": "00:01:08", "end": "00:01:14", "text": "last month of 3.4. And then if you look"}, {"start": "00:01:11", "end": "00:01:18", "text": "at core inflation, that consensus was at"}, {"start": "00:01:14", "end": "00:01:23", "text": "24. last month was at 24 and it actually"}, {"start": "00:01:18", "end": "00:01:26", "text": "came in at at 2.6. So inflation came in"}, {"start": "00:01:23", "end": "00:01:30", "text": "a little bit hotter than what the market"}, {"start": "00:01:26", "end": "00:01:32", "text": "was expecting. And if you look at I mean"}, {"start": "00:01:30", "end": "00:01:35", "text": "here's the inflation rate. This is the"}, {"start": "00:01:32", "end": "00:01:38", "text": "problem is that yes it slowed some over"}, {"start": "00:01:35", "end": "00:01:41", "text": "here in the summer but now it's starting"}, {"start": "00:01:38", "end": "00:01:43", "text": "to go back up a little bit. And arguably"}, {"start": "00:01:41", "end": "00:01:46", "text": "one of the main reasons that it's going"}, {"start": "00:01:43", "end": "00:01:48", "text": "up is because the price of oil, right? I"}, {"start": "00:01:46", "end": "00:01:52", "text": "mean, look at this lag here. You see how"}, {"start": "00:01:48", "end": "00:01:54", "text": "oil topped in in March and then it"}, {"start": "00:01:52", "end": "00:01:58", "text": "bottomed in in June. Really, it was like"}, {"start": "00:01:54", "end": "00:02:00", "text": "July 2nd. Oil bottomed July 2nd. If you"}, {"start": "00:01:58", "end": "00:02:03", "text": "look at inflation, you can see that it"}, {"start": "00:02:00", "end": "00:02:05", "text": "it had this acceleration earlier. It"}, {"start": "00:02:03", "end": "00:02:07", "text": "topped in May, right? So there was like"}, {"start": "00:02:05", "end": "00:02:09", "text": "a lag on when oil actually topped and"}, {"start": "00:02:07", "end": "00:02:12", "text": "then it came back down and it bottomed"}, {"start": "00:02:09", "end": "00:02:16", "text": "in July, right? But but the problem is"}, {"start": "00:02:12", "end": "00:02:18", "text": "that oil is still"}, {"start": "00:02:16", "end": "00:02:20", "text": "trending higher. And I think as it"}, {"start": "00:02:18", "end": "00:02:23", "text": "stands right now, you know, if you"}, {"start": "00:02:20", "end": "00:02:24", "text": "listen to what the president of the"}, {"start": "00:02:23", "end": "00:02:26", "text": "United States is saying, they're"}, {"start": "00:02:24", "end": "00:02:29", "text": "basically saying they're not even going"}, {"start": "00:02:26", "end": "00:02:32", "text": "to, you know, deal with Iran until after"}, {"start": "00:02:29", "end": "00:02:34", "text": "the midterms. And so if that's true,"}, {"start": "00:02:32", "end": "00:02:35", "text": "which to be honest, it's hard to know"}, {"start": "00:02:34", "end": "00:02:38", "text": "what's true these days and what's not."}, {"start": "00:02:35", "end": "00:02:42", "text": "But if it's true, then what's to keep"}, {"start": "00:02:38", "end": "00:02:44", "text": "oil from just slowly drifting higher"}, {"start": "00:02:42", "end": "00:02:48", "text": "into the midterms? And if that's"}, {"start": "00:02:44", "end": "00:02:50", "text": "correct, then I would imagine that these"}, {"start": "00:02:48", "end": "00:02:54", "text": "rising energy prices are likely going to"}, {"start": "00:02:50", "end": "00:02:55", "text": "affect the inflation report next month"}, {"start": "00:02:54", "end": "00:02:58", "text": "as well."}, {"start": "00:02:55", "end": "00:03:00", "text": "So, you know, with inflation starting to"}, {"start": "00:02:58", "end": "00:03:04", "text": "trend back up, this becomes a concern."}, {"start": "00:03:00", "end": "00:03:05", "text": "Now, if you look at the contribution,"}, {"start": "00:03:04", "end": "00:03:08", "text": "right? Sorry, if we just look at"}, {"start": "00:03:05", "end": "00:03:11", "text": "inflation year-over-year per category,"}, {"start": "00:03:08", "end": "00:03:13", "text": "uh, and let's sort of expand this out to"}, {"start": "00:03:11", "end": "00:03:14", "text": "look at at prior history, and we're"}, {"start": "00:03:13", "end": "00:03:16", "text": "going to go through each one. So, here"}, {"start": "00:03:14", "end": "00:03:18", "text": "you have headline. You can see it's"}, {"start": "00:03:16", "end": "00:03:20", "text": "starting to move back up. Food and"}, {"start": "00:03:18", "end": "00:03:22", "text": "beverage, it actually went down a little"}, {"start": "00:03:20", "end": "00:03:24", "text": "bit."}, {"start": "00:03:22", "end": "00:03:26", "text": "Housing went up. And you have to"}, {"start": "00:03:24", "end": "00:03:29", "text": "remember the housing accounts for a"}, {"start": "00:03:26", "end": "00:03:31", "text": "fairly large part of CPI and often times"}, {"start": "00:03:29", "end": "00:03:32", "text": "the contribution of it can literally be"}, {"start": "00:03:31", "end": "00:03:36", "text": "like twothirds of the contribution to"}, {"start": "00:03:32", "end": "00:03:38", "text": "CPI headline CPI. So"}, {"start": "00:03:36", "end": "00:03:40", "text": "it's sort of like a double whammy. I"}, {"start": "00:03:38", "end": "00:03:42", "text": "mean you could argue that rising oil"}, {"start": "00:03:40", "end": "00:03:43", "text": "prices could affect certain things. I"}, {"start": "00:03:42", "end": "00:03:46", "text": "mean, obviously heating oil for a home"}, {"start": "00:03:43", "end": "00:03:53", "text": "and whatnot, but you know, this is"}, {"start": "00:03:46", "end": "00:03:55", "text": "something that was up from 3.13 to 3.32"}, {"start": "00:03:53", "end": "00:03:57", "text": "that's going to have an effect on on"}, {"start": "00:03:55", "end": "00:04:00", "text": "inflation certainly. Like I mean, it you"}, {"start": "00:03:57", "end": "00:04:01", "text": "know, is it just an unlucky print this"}, {"start": "00:04:00", "end": "00:04:04", "text": "month? Is it is it does it actually mean"}, {"start": "00:04:01", "end": "00:04:05", "text": "something meaningful? I don't know. But"}, {"start": "00:04:04", "end": "00:04:07", "text": "housing going up certainly is not going"}, {"start": "00:04:05", "end": "00:04:09", "text": "to help inflation. Apparel dropped a"}, {"start": "00:04:07", "end": "00:04:10", "text": "little, transportation, where obviously"}, {"start": "00:04:09", "end": "00:04:13", "text": "rising energy prices are going to show"}, {"start": "00:04:10", "end": "00:04:16", "text": "up. that increased a significant amount"}, {"start": "00:04:13", "end": "00:04:19", "text": "and and you can see that you know really"}, {"start": "00:04:16", "end": "00:04:22", "text": "ever since early 2026"}, {"start": "00:04:19", "end": "00:04:25", "text": "when the Iran war began uh"}, {"start": "00:04:22", "end": "00:04:28", "text": "transportation inflation has been really"}, {"start": "00:04:25", "end": "00:04:31", "text": "acceler it's been a lot higher than it"}, {"start": "00:04:28", "end": "00:04:34", "text": "was basically since 2022"}, {"start": "00:04:31", "end": "00:04:37", "text": "and then if you look at medical care"}, {"start": "00:04:34", "end": "00:04:40", "text": "that's been dropping which"}, {"start": "00:04:37", "end": "00:04:41", "text": "I mean it's one of those things where"}, {"start": "00:04:40", "end": "00:04:44", "text": "it's like does anyone actually believe"}, {"start": "00:04:41", "end": "00:04:46", "text": "it. But uh I mean I feel like medical"}, {"start": "00:04:44", "end": "00:04:48", "text": "care costes costs are just going through"}, {"start": "00:04:46", "end": "00:04:51", "text": "the roof. But according to this it's"}, {"start": "00:04:48", "end": "00:04:54", "text": "only 1.5% annualized."}, {"start": "00:04:51", "end": "00:04:57", "text": "Uh recreation is up and then education"}, {"start": "00:04:54", "end": "00:04:59", "text": "and communication is also up. And then"}, {"start": "00:04:57", "end": "00:05:00", "text": "finally other goods and services"}, {"start": "00:04:59", "end": "00:05:02", "text": "actually went down a little bit. Now if"}, {"start": "00:05:00", "end": "00:05:05", "text": "you weight this by category because"}, {"start": "00:05:02", "end": "00:05:08", "text": "they're not all weighted the same. If"}, {"start": "00:05:05", "end": "00:05:11", "text": "you wait it by category, um then what"}, {"start": "00:05:08", "end": "00:05:14", "text": "you'll see is that you have your you"}, {"start": "00:05:11", "end": "00:05:17", "text": "have your headline number here, right?"}, {"start": "00:05:14", "end": "00:05:21", "text": "The blue line. And you can see that uh"}, {"start": "00:05:17", "end": "00:05:24", "text": "the housing category is taking up a"}, {"start": "00:05:21", "end": "00:05:27", "text": "significant amount. It's not 2/3 like it"}, {"start": "00:05:24", "end": "00:05:30", "text": "has been in the past. Um it's it's less,"}, {"start": "00:05:27", "end": "00:05:32", "text": "but it I have seen it as high as that uh"}, {"start": "00:05:30", "end": "00:05:34", "text": "at times in the past. So you can see"}, {"start": "00:05:32", "end": "00:05:38", "text": "that housing is contributing about 1"}, {"start": "00:05:34", "end": "00:05:41", "text": "1.5% of the 3.72."}, {"start": "00:05:38", "end": "00:05:42", "text": "Um transportation is contributing 1.3."}, {"start": "00:05:41", "end": "00:05:45", "text": "Right? And again transportation is one"}, {"start": "00:05:42", "end": "00:05:49", "text": "of those things that was deflationary"}, {"start": "00:05:45", "end": "00:05:51", "text": "not too long ago but after this conflict"}, {"start": "00:05:49", "end": "00:05:54", "text": "in the Middle East it's gone up a lot."}, {"start": "00:05:51", "end": "00:05:59", "text": "that's having a a a really large impact"}, {"start": "00:05:54", "end": "00:06:02", "text": "on on headline CPI, which is forcing the"}, {"start": "00:05:59", "end": "00:06:04", "text": "Fed to become more restrictive. And the"}, {"start": "00:06:02", "end": "00:06:06", "text": "reason they're having to become more"}, {"start": "00:06:04", "end": "00:06:09", "text": "restrictive is because if you look at"}, {"start": "00:06:06", "end": "00:06:11", "text": "something like the uh the 2-year yield,"}, {"start": "00:06:09", "end": "00:06:14", "text": "right, the 2-year yield is remaining"}, {"start": "00:06:11", "end": "00:06:16", "text": "elevated. And I think if you if you look"}, {"start": "00:06:14", "end": "00:06:18", "text": "through history and if you go to the"}, {"start": "00:06:16", "end": "00:06:21", "text": "workbench here on the website and let's"}, {"start": "00:06:18", "end": "00:06:25", "text": "remove the price of Bitcoin and we just"}, {"start": "00:06:21", "end": "00:06:27", "text": "look at um uh the 2-year yield, right?"}, {"start": "00:06:25", "end": "00:06:29", "text": "So, sorry, if we look at at Treasury"}, {"start": "00:06:27", "end": "00:06:34", "text": "yields"}, {"start": "00:06:29", "end": "00:06:38", "text": "and then we change this to the 2-year."}, {"start": "00:06:34", "end": "00:06:41", "text": "So, we have the 2-year yield and we also"}, {"start": "00:06:38", "end": "00:06:44", "text": "want to add on here the interest rates,"}, {"start": "00:06:41", "end": "00:06:47", "text": "right? Okay, so the Fed funds rate, we"}, {"start": "00:06:44", "end": "00:06:48", "text": "do that, we add it on, and what you"}, {"start": "00:06:47", "end": "00:06:50", "text": "could argue, we're going to switch them"}, {"start": "00:06:48", "end": "00:06:52", "text": "to the same scale, is that the Fed funds"}, {"start": "00:06:50", "end": "00:06:55", "text": "rate is essentially just chasing the"}, {"start": "00:06:52", "end": "00:06:58", "text": "2-year yield, right? And 2-year yield is"}, {"start": "00:06:55", "end": "00:07:01", "text": "struggling to come back down. Now, what"}, {"start": "00:06:58", "end": "00:07:04", "text": "I think is going to happen is that the"}, {"start": "00:07:01", "end": "00:07:07", "text": "long end is going to remain elevated"}, {"start": "00:07:04", "end": "00:07:08", "text": "until after the midterms, right? I mean,"}, {"start": "00:07:07", "end": "00:07:10", "text": "you can see the 30-year yield has come"}, {"start": "00:07:08", "end": "00:07:12", "text": "down a lot. It's starting to go back up"}, {"start": "00:07:10", "end": "00:07:14", "text": "a little bit. I think that this stuff is"}, {"start": "00:07:12", "end": "00:07:18", "text": "going to remain elevated until after the"}, {"start": "00:07:14", "end": "00:07:24", "text": "midterms. And if you look at the"}, {"start": "00:07:18", "end": "00:07:28", "text": "year-to- date ROI of um of the long end"}, {"start": "00:07:24", "end": "00:07:33", "text": "in midterm years, uh what you'll notice"}, {"start": "00:07:28", "end": "00:07:36", "text": "is that the long end typically goes up"}, {"start": "00:07:33", "end": "00:07:38", "text": "into kind of the the midterms and then"}, {"start": "00:07:36", "end": "00:07:39", "text": "it it'll often fall after the midterms."}, {"start": "00:07:38", "end": "00:07:42", "text": "That doesn't mean it's going to be"}, {"start": "00:07:39", "end": "00:07:43", "text": "printing necessarily a macro top, but it"}, {"start": "00:07:42", "end": "00:07:44", "text": "could. But what it normally means is"}, {"start": "00:07:43", "end": "00:07:46", "text": "that after the midterms, it normally"}, {"start": "00:07:44", "end": "00:07:49", "text": "starts to come down. If you look at 2022"}, {"start": "00:07:46", "end": "00:07:51", "text": "compared to 2026, rates were going a lot"}, {"start": "00:07:49", "end": "00:07:53", "text": "up a lot more in 2022 uh in terms of"}, {"start": "00:07:51", "end": "00:07:55", "text": "like percentage- wise from the yearly"}, {"start": "00:07:53", "end": "00:07:57", "text": "open. But you can see that they kind of"}, {"start": "00:07:55", "end": "00:08:00", "text": "topped in late October and then put in a"}, {"start": "00:07:57", "end": "00:08:02", "text": "lower high around the midterms. And then"}, {"start": "00:08:00", "end": "00:08:05", "text": "if you look in 2018, you can see that"}, {"start": "00:08:02", "end": "00:08:07", "text": "the long end topped kind of like in in"}, {"start": "00:08:05", "end": "00:08:09", "text": "early October and then it was basically"}, {"start": "00:08:07", "end": "00:08:13", "text": "around that same level in early"}, {"start": "00:08:09", "end": "00:08:16", "text": "November. So what I think's happening is"}, {"start": "00:08:13", "end": "00:08:19", "text": "that these rising energy prices that are"}, {"start": "00:08:16", "end": "00:08:22", "text": "caused by a supply shock, right? It's"}, {"start": "00:08:19", "end": "00:08:24", "text": "caused by a supply shock. What that's"}, {"start": "00:08:22", "end": "00:08:26", "text": "forcing the Fed to do is forcing the Fed"}, {"start": "00:08:24", "end": "00:08:29", "text": "to raise rates into a supply shock"}, {"start": "00:08:26", "end": "00:08:32", "text": "because inflation is is going back up."}, {"start": "00:08:29", "end": "00:08:34", "text": "Now, you could argue that why not why"}, {"start": "00:08:32", "end": "00:08:36", "text": "doesn't the Fed just simply wait and not"}, {"start": "00:08:34", "end": "00:08:39", "text": "raise rates? Well, the issue with that"}, {"start": "00:08:36", "end": "00:08:41", "text": "is you're assuming that the war in the"}, {"start": "00:08:39", "end": "00:08:44", "text": "Middle East comes to an end, but they"}, {"start": "00:08:41", "end": "00:08:46", "text": "don't know that. I hope it does come to"}, {"start": "00:08:44", "end": "00:08:48", "text": "an end, but no one knows whether it's"}, {"start": "00:08:46", "end": "00:08:50", "text": "going to come to an end or not. And you"}, {"start": "00:08:48", "end": "00:08:53", "text": "know, if you believe the news, it's"}, {"start": "00:08:50", "end": "00:08:55", "text": "ended about 57 times over the last year."}, {"start": "00:08:53", "end": "00:08:57", "text": "So, I don't know what to believe, right?"}, {"start": "00:08:55", "end": "00:09:00", "text": "If I see a headline that says that it's"}, {"start": "00:08:57", "end": "00:09:02", "text": "ended or that there's a ceasefire and"}, {"start": "00:09:00", "end": "00:09:05", "text": "then the next day, things just continue"}, {"start": "00:09:02", "end": "00:09:08", "text": "as if none of that was said or happened,"}, {"start": "00:09:05", "end": "00:09:10", "text": "it's hard to even believe anything that"}, {"start": "00:09:08", "end": "00:09:13", "text": "is said, right? Because every time you"}, {"start": "00:09:10", "end": "00:09:15", "text": "read a headline, you're like, \"Oh, is"}, {"start": "00:09:13", "end": "00:09:18", "text": "this actually true or is this something"}, {"start": "00:09:15", "end": "00:09:21", "text": "that's just simply being said to try and"}, {"start": "00:09:18", "end": "00:09:24", "text": "reduce oil prices?\" The problem is that"}, {"start": "00:09:21", "end": "00:09:26", "text": "oil prices, I think, are at the point"}, {"start": "00:09:24", "end": "00:09:28", "text": "where they're no longer believing any of"}, {"start": "00:09:26", "end": "00:09:30", "text": "the headlines, right? Like I I I think"}, {"start": "00:09:28", "end": "00:09:33", "text": "that, you know, the news is trying to do"}, {"start": "00:09:30", "end": "00:09:36", "text": "their best. Uh but oil prices are just"}, {"start": "00:09:33", "end": "00:09:38", "text": "going up at this point until this"}, {"start": "00:09:36", "end": "00:09:41", "text": "conflict comes to an end. And if it does"}, {"start": "00:09:38", "end": "00:09:43", "text": "come to an end, then oil prices would"}, {"start": "00:09:41", "end": "00:09:46", "text": "have would experience a lot of relief"}, {"start": "00:09:43", "end": "00:09:49", "text": "more than likely. But it's not like the"}, {"start": "00:09:46", "end": "00:09:52", "text": "Fed can know when that's going to happen"}, {"start": "00:09:49", "end": "00:09:56", "text": "and they have an obligation to respond"}, {"start": "00:09:52", "end": "00:09:58", "text": "to this sort of stuff because again, do"}, {"start": "00:09:56", "end": "00:10:01", "text": "you remember back in 2021 when they said"}, {"start": "00:09:58", "end": "00:10:02", "text": "inflation was transitory? I'm sure"}, {"start": "00:10:01", "end": "00:10:05", "text": "everyone would have loved to believe it"}, {"start": "00:10:02", "end": "00:10:06", "text": "then, but guess what? Inflation lasted"}, {"start": "00:10:05", "end": "00:10:09", "text": "for a long time. And even today,"}, {"start": "00:10:06", "end": "00:10:12", "text": "inflation is not back at the target. So"}, {"start": "00:10:09", "end": "00:10:14", "text": "if we are to assume that it is"}, {"start": "00:10:12", "end": "00:10:16", "text": "transitory, then that's automatically"}, {"start": "00:10:14", "end": "00:10:18", "text": "assuming we know that this conflict in"}, {"start": "00:10:16", "end": "00:10:20", "text": "the Middle East is going to come to an"}, {"start": "00:10:18", "end": "00:10:22", "text": "end, which really no one actually knows"}, {"start": "00:10:20", "end": "00:10:25", "text": "that. So what choice does the Fed have?"}, {"start": "00:10:22", "end": "00:10:28", "text": "Because if they don't raise rates and"}, {"start": "00:10:25", "end": "00:10:30", "text": "and things continue to escalate, then"}, {"start": "00:10:28", "end": "00:10:32", "text": "they're going to be even more behind"}, {"start": "00:10:30", "end": "00:10:35", "text": "where they should be. So I don't envy"}, {"start": "00:10:32", "end": "00:10:37", "text": "their position. It it's easy to be an"}, {"start": "00:10:35", "end": "00:10:39", "text": "armchair economist and say, \"Oh, this is"}, {"start": "00:10:37", "end": "00:10:42", "text": "what the Fed should do.\" But think about"}, {"start": "00:10:39", "end": "00:10:44", "text": "this. Go back in time to 2022 when the"}, {"start": "00:10:42", "end": "00:10:46", "text": "Fed was raising rates. Practically every"}, {"start": "00:10:44", "end": "00:10:48", "text": "armchair economist was screaming that"}, {"start": "00:10:46", "end": "00:10:49", "text": "they were breaking the economy and that"}, {"start": "00:10:48", "end": "00:10:51", "text": "they were destroying everything. And a"}, {"start": "00:10:49", "end": "00:10:53", "text": "lot of people said they couldn't raise"}, {"start": "00:10:51", "end": "00:10:55", "text": "rates above 3 and a half% and if they"}, {"start": "00:10:53", "end": "00:10:57", "text": "did, they would break everything. They"}, {"start": "00:10:55", "end": "00:10:59", "text": "didn't. They went to 5 and a half% and"}, {"start": "00:10:57", "end": "00:11:01", "text": "didn't break anything. The markets"}, {"start": "00:10:59", "end": "00:11:04", "text": "continued to new all-time highs for"}, {"start": "00:11:01", "end": "00:11:06", "text": "years after that. So again, it's easy to"}, {"start": "00:11:04", "end": "00:11:09", "text": "be an armchair economist and and"}, {"start": "00:11:06", "end": "00:11:12", "text": "criticize everything the Fed does, but"}, {"start": "00:11:09", "end": "00:11:15", "text": "if any of these armchair economists were"}, {"start": "00:11:12", "end": "00:11:16", "text": "actually on the Fed in 2022, most of"}, {"start": "00:11:15", "end": "00:11:17", "text": "them probably would have never raised"}, {"start": "00:11:16", "end": "00:11:20", "text": "rates to begin with, and we would have"}, {"start": "00:11:17", "end": "00:11:23", "text": "had even worse inflation than we do now."}, {"start": "00:11:20", "end": "00:11:26", "text": "So it it's a tough spot to be in. And"}, {"start": "00:11:23", "end": "00:11:28", "text": "remember, what normally what normally"}, {"start": "00:11:26", "end": "00:11:31", "text": "leads to the end of business cycles is"}, {"start": "00:11:28", "end": "00:11:34", "text": "the Fed raising too much, right? It"}, {"start": "00:11:31", "end": "00:11:36", "text": "does, but the counterpoint is if they"}, {"start": "00:11:34", "end": "00:11:38", "text": "don't raise,"}, {"start": "00:11:36", "end": "00:11:42", "text": "inflation going out of control could"}, {"start": "00:11:38", "end": "00:11:44", "text": "lead to bad times as well. So, this is a"}, {"start": "00:11:42", "end": "00:11:48", "text": "a a tough"}, {"start": "00:11:44", "end": "00:11:51", "text": "area for the macro because on one hand,"}, {"start": "00:11:48", "end": "00:11:54", "text": "you can see that you have a labor market"}, {"start": "00:11:51", "end": "00:11:55", "text": "that isn't the best labor market. It's"}, {"start": "00:11:54", "end": "00:11:58", "text": "been getting a little bit tighter over"}, {"start": "00:11:55", "end": "00:11:59", "text": "the last year or so. Unemployment rate"}, {"start": "00:11:58", "end": "00:12:02", "text": "has been trending down for the most"}, {"start": "00:11:59", "end": "00:12:05", "text": "part. Um, job openings have kind of"}, {"start": "00:12:02", "end": "00:12:08", "text": "stabilized, but they're still low,"}, {"start": "00:12:05", "end": "00:12:10", "text": "right? Hiring is down, quits are down,"}, {"start": "00:12:08", "end": "00:12:12", "text": "um, initial claims are low, which looks"}, {"start": "00:12:10", "end": "00:12:14", "text": "good. So, the labor market looks has"}, {"start": "00:12:12", "end": "00:12:16", "text": "looked okay, but the question is is"}, {"start": "00:12:14", "end": "00:12:20", "text": "like, if the Fed were to start raising"}, {"start": "00:12:16", "end": "00:12:23", "text": "rates, how much leeway is there before"}, {"start": "00:12:20", "end": "00:12:25", "text": "the markets are going to care? Okay. And"}, {"start": "00:12:23", "end": "00:12:27", "text": "and that's the tough thing. If if you go"}, {"start": "00:12:25", "end": "00:12:30", "text": "back and you look at at what the what"}, {"start": "00:12:27", "end": "00:12:32", "text": "the Fed during the what what the Fed did"}, {"start": "00:12:30", "end": "00:12:35", "text": "during the dotcom era, you know, they"}, {"start": "00:12:32", "end": "00:12:38", "text": "first raised rates"}, {"start": "00:12:35", "end": "00:12:40", "text": "in the in sort of the mid90s kind of"}, {"start": "00:12:38", "end": "00:12:42", "text": "like here. You can see they raised rates"}, {"start": "00:12:40", "end": "00:12:44", "text": "and then they lowered rates just like"}, {"start": "00:12:42", "end": "00:12:45", "text": "they did over here. And then eventually"}, {"start": "00:12:44", "end": "00:12:47", "text": "they had to raise rates. They raised"}, {"start": "00:12:45", "end": "00:12:51", "text": "rates there and then they raised rates"}, {"start": "00:12:47", "end": "00:12:54", "text": "again uh a couple of years later. So"}, {"start": "00:12:51", "end": "00:12:57", "text": "raising rates is normal. Raising rates"}, {"start": "00:12:54", "end": "00:13:00", "text": "just means the economy is okay. Um but"}, {"start": "00:12:57", "end": "00:13:03", "text": "at some point you reach a level where"}, {"start": "00:13:00", "end": "00:13:05", "text": "the economy says, \"Okay, you've gone too"}, {"start": "00:13:03", "end": "00:13:07", "text": "far.\" No one knows what that level is."}, {"start": "00:13:05", "end": "00:13:09", "text": "And it's more so a function of time"}, {"start": "00:13:07", "end": "00:13:11", "text": "rather than just like the the interest"}, {"start": "00:13:09", "end": "00:13:13", "text": "rate level. There's a difference between"}, {"start": "00:13:11", "end": "00:13:15", "text": "having interest rates be at 5 and a"}, {"start": "00:13:13", "end": "00:13:17", "text": "half% for a month than having them be"}, {"start": "00:13:15", "end": "00:13:20", "text": "there for 3 years, right? like that can"}, {"start": "00:13:17", "end": "00:13:22", "text": "there's cumulative effects of of where"}, {"start": "00:13:20", "end": "00:13:24", "text": "rate hikes or where where rates actually"}, {"start": "00:13:22", "end": "00:13:28", "text": "spend their time. But as it stands right"}, {"start": "00:13:24", "end": "00:13:33", "text": "now, you could argue that that the Fed"}, {"start": "00:13:28", "end": "00:13:38", "text": "funds rate is below the neutral rate"}, {"start": "00:13:33", "end": "00:13:40", "text": "by about 75 basis points. And that the"}, {"start": "00:13:38", "end": "00:13:42", "text": "2-year yield could quickly change if the"}, {"start": "00:13:40", "end": "00:13:44", "text": "war in Iran were to come to an end. But"}, {"start": "00:13:42", "end": "00:13:47", "text": "again, no one knows when that's going to"}, {"start": "00:13:44", "end": "00:13:49", "text": "happen. Right? And that's the problem."}, {"start": "00:13:47", "end": "00:13:50", "text": "And if you go look at markets, you know,"}, {"start": "00:13:49", "end": "00:13:52", "text": "I mean, look at look at the Russell"}, {"start": "00:13:50", "end": "00:13:54", "text": "right now. The Russell I I've been"}, {"start": "00:13:52", "end": "00:13:56", "text": "seeing people scream about this for a"}, {"start": "00:13:54", "end": "00:13:59", "text": "long time that the Russell's is due to"}, {"start": "00:13:56", "end": "00:14:01", "text": "catch up to the S&P, but it just keeps"}, {"start": "00:13:59", "end": "00:14:04", "text": "going down. And I think the reason it's"}, {"start": "00:14:01", "end": "00:14:07", "text": "going down is because rates are still"}, {"start": "00:14:04", "end": "00:14:08", "text": "elevated. And I mean, perhaps this is,"}, {"start": "00:14:07", "end": "00:14:09", "text": "you know, perhaps it's kind of coming"}, {"start": "00:14:08", "end": "00:14:11", "text": "back down to check in with this trend"}, {"start": "00:14:09", "end": "00:14:13", "text": "line. But if you look at the long end,"}, {"start": "00:14:11", "end": "00:14:15", "text": "the long end is still elevated. I mean,"}, {"start": "00:14:13", "end": "00:14:19", "text": "the 10-year yield is at 5.2. 2, the 20"}, {"start": "00:14:15", "end": "00:14:22", "text": "years at 56, the 30 years at at 55 56."}, {"start": "00:14:19", "end": "00:14:23", "text": "And so the point is is what normally"}, {"start": "00:14:22", "end": "00:14:25", "text": "happens when again looking back at that"}, {"start": "00:14:23", "end": "00:14:27", "text": "year-to-day stuff is that yields will"}, {"start": "00:14:25", "end": "00:14:29", "text": "find a high in October and then they'll"}, {"start": "00:14:27", "end": "00:14:30", "text": "drop some and then they'll go back up"}, {"start": "00:14:29", "end": "00:14:32", "text": "around the midterms and then they fall"}, {"start": "00:14:30", "end": "00:14:34", "text": "after the midterms. And so if yields are"}, {"start": "00:14:32", "end": "00:14:37", "text": "going to remain elevated through the"}, {"start": "00:14:34", "end": "00:14:40", "text": "midterms, then that's going to continue"}, {"start": "00:14:37", "end": "00:14:42", "text": "to put pressure on on these more rate"}, {"start": "00:14:40", "end": "00:14:45", "text": "sensitive sectors. And so I think that's"}, {"start": "00:14:42", "end": "00:14:47", "text": "the reason why you've seen I mean not"}, {"start": "00:14:45", "end": "00:14:49", "text": "only has the Russell struggled uh but"}, {"start": "00:14:47", "end": "00:14:53", "text": "even the Dow Jones I mean the Dow Jones"}, {"start": "00:14:49", "end": "00:14:57", "text": "is up today but the Dow it dropped"}, {"start": "00:14:53", "end": "00:15:00", "text": "already about 7 or 8%. Um and this is"}, {"start": "00:14:57", "end": "00:15:01", "text": "while the S&P has essentially been"}, {"start": "00:15:00", "end": "00:15:06", "text": "pinned to the all-time highs, right?"}, {"start": "00:15:01", "end": "00:15:07", "text": "Like the S&P is only down 1%. Um, so"}, {"start": "00:15:06", "end": "00:15:09", "text": "normally what happens when you have this"}, {"start": "00:15:07", "end": "00:15:12", "text": "big of a divergence between say like the"}, {"start": "00:15:09", "end": "00:15:16", "text": "Russell and the S&P, one has to either"}, {"start": "00:15:12", "end": "00:15:19", "text": "the Russell catches up to the S&P or the"}, {"start": "00:15:16", "end": "00:15:21", "text": "S&P catches down to the Russell in 2018"}, {"start": "00:15:19", "end": "00:15:23", "text": "the S&P caught down to the Russell,"}, {"start": "00:15:21", "end": "00:15:27", "text": "right? Like the Russell started falling"}, {"start": "00:15:23", "end": "00:15:29", "text": "first. Um, and even in 2025, right, like"}, {"start": "00:15:27", "end": "00:15:31", "text": "in 2020 or sorry, 2024, the Russell"}, {"start": "00:15:29", "end": "00:15:34", "text": "started going down first and then the"}, {"start": "00:15:31", "end": "00:15:35", "text": "S&P got the memo a few months, like a"}, {"start": "00:15:34", "end": "00:15:38", "text": "couple of months later, right? And then"}, {"start": "00:15:35", "end": "00:15:41", "text": "if you go back and look at at 2018, um,"}, {"start": "00:15:38", "end": "00:15:42", "text": "the Russell started falling first while"}, {"start": "00:15:41", "end": "00:15:45", "text": "this S&P was still going to all-time"}, {"start": "00:15:42", "end": "00:15:47", "text": "highs and then the S&P finally got the"}, {"start": "00:15:45", "end": "00:15:50", "text": "memo. But there are examples where the"}, {"start": "00:15:47", "end": "00:15:52", "text": "Russell catches back up to the S&P. So,"}, {"start": "00:15:50", "end": "00:15:54", "text": "it's not, you know, it's not like it's"}, {"start": "00:15:52", "end": "00:15:55", "text": "completely black and white in terms of"}, {"start": "00:15:54", "end": "00:15:58", "text": "figuring out which which outcome it's"}, {"start": "00:15:55", "end": "00:16:00", "text": "going to be, but as it stands right now,"}, {"start": "00:15:58", "end": "00:16:02", "text": "the Russell's just continuing to go"}, {"start": "00:16:00", "end": "00:16:03", "text": "lower. And I think the reason is because"}, {"start": "00:16:02", "end": "00:16:06", "text": "you have these sort of these bad"}, {"start": "00:16:03", "end": "00:16:08", "text": "inflation prints and and it's going to"}, {"start": "00:16:06", "end": "00:16:11", "text": "affect these more rate sensitive sectors"}, {"start": "00:16:08", "end": "00:16:14", "text": "that would do well to to to see interest"}, {"start": "00:16:11", "end": "00:16:16", "text": "rates come back down. And if you look at"}, {"start": "00:16:14", "end": "00:16:17", "text": "expectations, let me reload it just to"}, {"start": "00:16:16", "end": "00:16:20", "text": "make sure that this is up to date. If"}, {"start": "00:16:17", "end": "00:16:22", "text": "you look at expectations, we're now back"}, {"start": "00:16:20", "end": "00:16:23", "text": "to essentially a coin flip for whether"}, {"start": "00:16:22", "end": "00:16:26", "text": "we're going to get a rate hike in"}, {"start": "00:16:23", "end": "00:16:28", "text": "October or not. And you know, this is"}, {"start": "00:16:26", "end": "00:16:30", "text": "this is one of those things where the"}, {"start": "00:16:28", "end": "00:16:34", "text": "the next Fed meeting is only two weeks"}, {"start": "00:16:30", "end": "00:16:37", "text": "away. And years ago, we would have known"}, {"start": "00:16:34", "end": "00:16:40", "text": "pretty well by this point what the Fed"}, {"start": "00:16:37", "end": "00:16:41", "text": "was going to do. But there's increased"}, {"start": "00:16:40", "end": "00:16:44", "text": "uncertainty"}, {"start": "00:16:41", "end": "00:16:46", "text": "recently in recent years and I think"}, {"start": "00:16:44", "end": "00:16:48", "text": "it's just making it lead to these more"}, {"start": "00:16:46", "end": "00:16:50", "text": "violent outcomes, right? You get these"}, {"start": "00:16:48", "end": "00:16:52", "text": "huge swings in one direction or the"}, {"start": "00:16:50", "end": "00:16:54", "text": "other because the market is is pricing"}, {"start": "00:16:52", "end": "00:16:55", "text": "different extremes like it's it's"}, {"start": "00:16:54", "end": "00:16:58", "text": "oscillating between different extremes"}, {"start": "00:16:55", "end": "00:17:00", "text": "constantly. And so there's there's"}, {"start": "00:16:58", "end": "00:17:03", "text": "actually an uncertainty index that you"}, {"start": "00:17:00", "end": "00:17:04", "text": "can look at, a world uncertainty index."}, {"start": "00:17:03", "end": "00:17:07", "text": "And you can see that the world"}, {"start": "00:17:04", "end": "00:17:10", "text": "uncertainty index has essentially been"}, {"start": "00:17:07", "end": "00:17:12", "text": "elevated since 2025 because of all the"}, {"start": "00:17:10", "end": "00:17:14", "text": "different you know changes to economic"}, {"start": "00:17:12", "end": "00:17:17", "text": "policies. There's tariffs, there's a lot"}, {"start": "00:17:14", "end": "00:17:20", "text": "of different changes that is elevated"}, {"start": "00:17:17", "end": "00:17:22", "text": "and you also have uh an economic policy"}, {"start": "00:17:20", "end": "00:17:25", "text": "uncertainty index which has come down"}, {"start": "00:17:22", "end": "00:17:28", "text": "some but it is still elevated compared"}, {"start": "00:17:25", "end": "00:17:33", "text": "to normal times. And and so what it's"}, {"start": "00:17:28", "end": "00:17:35", "text": "leading to is it's just leading to to um"}, {"start": "00:17:33", "end": "00:17:38", "text": "more violent extremes in terms of like"}, {"start": "00:17:35", "end": "00:17:40", "text": "what the market is is thinking about"}, {"start": "00:17:38", "end": "00:17:42", "text": "because on one hand you have on one day"}, {"start": "00:17:40", "end": "00:17:44", "text": "you think you know inflation's coming"}, {"start": "00:17:42", "end": "00:17:45", "text": "down and then the next day a war's going"}, {"start": "00:17:44", "end": "00:17:47", "text": "on in the Middle East is is leading to"}, {"start": "00:17:45", "end": "00:17:50", "text": "much higher oil prices and then the Fed"}, {"start": "00:17:47", "end": "00:17:51", "text": "is now having to raise rates during a"}, {"start": "00:17:50", "end": "00:17:52", "text": "time when a lot of people thought they"}, {"start": "00:17:51", "end": "00:17:55", "text": "were going to be lowering rates right"}, {"start": "00:17:52", "end": "00:17:57", "text": "going into 2026 a lot of people thought"}, {"start": "00:17:55", "end": "00:17:59", "text": "lower looser monetary policy policy was"}, {"start": "00:17:57", "end": "00:18:01", "text": "going to happen, but instead it it it"}, {"start": "00:17:59", "end": "00:18:03", "text": "was the opposite. But as I've said"}, {"start": "00:18:01", "end": "00:18:04", "text": "before, I mean, I was always on the in"}, {"start": "00:18:03", "end": "00:18:07", "text": "the camp that they were going to have to"}, {"start": "00:18:04", "end": "00:18:09", "text": "raise rates again because honestly, it"}, {"start": "00:18:07", "end": "00:18:11", "text": "seemed like they cut rates somewhat"}, {"start": "00:18:09", "end": "00:18:13", "text": "prematurely uh to the point where it"}, {"start": "00:18:11", "end": "00:18:15", "text": "started to rekindle the animal spirits."}, {"start": "00:18:13", "end": "00:18:16", "text": "And that was the same mistake they made"}, {"start": "00:18:15", "end": "00:18:18", "text": "in some prior business cycles where they"}, {"start": "00:18:16", "end": "00:18:20", "text": "then had to raise rates again because"}, {"start": "00:18:18", "end": "00:18:23", "text": "they started lowering rates a little bit"}, {"start": "00:18:20", "end": "00:18:26", "text": "too soon. You could argue that perhaps"}, {"start": "00:18:23", "end": "00:18:27", "text": "they lowered at the right time"}, {"start": "00:18:26", "end": "00:18:28", "text": "without this conflict in the Middle"}, {"start": "00:18:27", "end": "00:18:30", "text": "East. But if they had known this"}, {"start": "00:18:28", "end": "00:18:32", "text": "conflict in the Middle East was going to"}, {"start": "00:18:30", "end": "00:18:34", "text": "happen, you know, then you could argue"}, {"start": "00:18:32", "end": "00:18:35", "text": "that they didn't really needed lower"}, {"start": "00:18:34", "end": "00:18:37", "text": "rates. But again, how could they how"}, {"start": "00:18:35", "end": "00:18:40", "text": "could they know that, right? They they"}, {"start": "00:18:37", "end": "00:18:42", "text": "couldn't. So, um, you know, obviously"}, {"start": "00:18:40", "end": "00:18:44", "text": "today it's it's it's certainly affecting"}, {"start": "00:18:42", "end": "00:18:45", "text": "markets. I mean, oil is is probably"}, {"start": "00:18:44", "end": "00:18:47", "text": "going to continue to go higher until"}, {"start": "00:18:45", "end": "00:18:49", "text": "there's uh until there's really a"}, {"start": "00:18:47", "end": "00:18:51", "text": "compelling reason for it not to. And the"}, {"start": "00:18:49", "end": "00:18:54", "text": "two the two ways that oil goes down,"}, {"start": "00:18:51", "end": "00:18:57", "text": "either the the the conflict in in Iran"}, {"start": "00:18:54", "end": "00:18:59", "text": "ends or you have a recession, right?"}, {"start": "00:18:57", "end": "00:19:00", "text": "Those are the two main ways that oil"}, {"start": "00:18:59", "end": "00:19:03", "text": "goes down. And until you get one of"}, {"start": "00:19:00", "end": "00:19:04", "text": "those two things, then I don't know why"}, {"start": "00:19:03", "end": "00:19:07", "text": "the base case wouldn't just simply be"}, {"start": "00:19:04", "end": "00:19:09", "text": "that oil goes higher uh until one of"}, {"start": "00:19:07", "end": "00:19:12", "text": "those two and one of two until one of"}, {"start": "00:19:09", "end": "00:19:15", "text": "those two outcomes actually occurs. So"}, {"start": "00:19:12", "end": "00:19:17", "text": "those are my thoughts on it. Um, and I"}, {"start": "00:19:15", "end": "00:19:19", "text": "mean obviously you can see that that"}, {"start": "00:19:17", "end": "00:19:20", "text": "that crypto was down a little bit today."}, {"start": "00:19:19", "end": "00:19:23", "text": "And as I've said with Bitcoin, you know,"}, {"start": "00:19:20", "end": "00:19:24", "text": "I mean I think 83K is the line in the"}, {"start": "00:19:23", "end": "00:19:26", "text": "sand, but I I wouldn't get overly"}, {"start": "00:19:24", "end": "00:19:29", "text": "concerned about daily prices because"}, {"start": "00:19:26", "end": "00:19:31", "text": "like there's been a lot of daily closes."}, {"start": "00:19:29", "end": "00:19:32", "text": "I think if if you look at like weekly"}, {"start": "00:19:31", "end": "00:19:34", "text": "closes, I think that's going to be a lot"}, {"start": "00:19:32", "end": "00:19:36", "text": "more important in terms of figuring out,"}, {"start": "00:19:34", "end": "00:19:37", "text": "you know, what this market is is going"}, {"start": "00:19:36", "end": "00:19:39", "text": "to do in the short term. And then if you"}, {"start": "00:19:37", "end": "00:19:41", "text": "look at metals, metals are struggling,"}, {"start": "00:19:39", "end": "00:19:43", "text": "but I mean that kind of makes sense as"}, {"start": "00:19:41", "end": "00:19:44", "text": "well considering where rates are. And"}, {"start": "00:19:43", "end": "00:19:47", "text": "I've also been on the side that the"}, {"start": "00:19:44", "end": "00:19:49", "text": "dollar is likely going to go higher."}, {"start": "00:19:47", "end": "00:19:51", "text": "This has been an unfavorable view, but"}, {"start": "00:19:49", "end": "00:19:53", "text": "guess what? The dollar is going higher."}, {"start": "00:19:51", "end": "00:19:55", "text": "And my guess is that the short-term"}, {"start": "00:19:53", "end": "00:19:57", "text": "target, as I said, was 103, but I think"}, {"start": "00:19:55", "end": "00:20:01", "text": "it's probably going to head up to 105,"}, {"start": "00:19:57", "end": "00:20:02", "text": "106 over the next year or so and and"}, {"start": "00:20:01", "end": "00:20:04", "text": "come back in and check in with this"}, {"start": "00:20:02", "end": "00:20:06", "text": "trend line once again. So, those are my"}, {"start": "00:20:04", "end": "00:20:07", "text": "views. Thank you guys for tuning in."}, {"start": "00:20:06", "end": "00:20:09", "text": "Subscribe, give the video a thumbs up,"}, {"start": "00:20:07", "end": "00:20:11", "text": "and again, check out the sale on ITC"}, {"start": "00:20:09", "end": "00:20:12", "text": "Premium. Links in the description below"}, {"start": "00:20:11", "end": "00:20:14", "text": "or the pin comment. And if you would"}, {"start": "00:20:12", "end": "00:20:15", "text": "like to come to the first Investing"}, {"start": "00:20:14", "end": "00:20:17", "text": "Through the Cycles conference, uh, make"}, {"start": "00:20:15", "end": "00:20:19", "text": "sure you guys get your ticket as that"}, {"start": "00:20:17", "end": "00:20:21", "text": "conference is coming up in just over a"}, {"start": "00:20:19", "end": "00:20:25", "text": "month. Thank you guys for tuning in and"}, {"start": "00:20:21", "end": "00:20:25", "text": "I will see you next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "In the short term, I think dominance is"}, {"start": "00:00:02", "end": "00:00:06", "text": "likely to go back up. And arguably where"}, {"start": "00:00:04", "end": "00:00:07", "text": "I would say what the target would be, if"}, {"start": "00:00:06", "end": "00:00:10", "text": "you're looking at the chart, including"}, {"start": "00:00:07", "end": "00:00:12", "text": "stables, I think that dominance will"}, {"start": "00:00:10", "end": "00:00:14", "text": "eventually head back up to where it"}, {"start": "00:00:12", "end": "00:00:16", "text": "previously was. If you look at the last"}, {"start": "00:00:14", "end": "00:00:19", "text": "business cycle, you can see that Bitcoin"}, {"start": "00:00:16", "end": "00:00:21", "text": "dominance found a high before QT ended"}, {"start": "00:00:19", "end": "00:00:23", "text": "and then it reached that high later on"}, {"start": "00:00:21", "end": "00:00:26", "text": "in the cycle during actually a parabolic"}, {"start": "00:00:23", "end": "00:00:29", "text": "Bitcoin rally. Um, and even though"}, {"start": "00:00:26", "end": "00:00:32", "text": "Bitcoin dominance excluding stable coins"}, {"start": "00:00:29", "end": "00:00:35", "text": "has been dropping recently,"}, {"start": "00:00:32", "end": "00:00:37", "text": "if you look at Bitcoin dominance,"}, {"start": "00:00:35", "end": "00:00:40", "text": "so this one will show first, we'll look"}, {"start": "00:00:37", "end": "00:00:43", "text": "at it including stable coins, but then"}, {"start": "00:00:40", "end": "00:00:45", "text": "if you exclude them, right? So here's in"}, {"start": "00:00:43", "end": "00:00:47", "text": "or here's including stables, you can see"}, {"start": "00:00:45", "end": "00:00:49", "text": "it's still been going up. If you exclude"}, {"start": "00:00:47", "end": "00:00:51", "text": "stables, it actually sort of fell off a"}, {"start": "00:00:49", "end": "00:00:53", "text": "bit recently. But again, when you"}, {"start": "00:00:51", "end": "00:00:55", "text": "include stables, it's like one of the"}, {"start": "00:00:53", "end": "00:00:56", "text": "headwinds for Bitcoin dominance that"}, {"start": "00:00:55", "end": "00:00:58", "text": "used to be stable coins is now in"}, {"start": "00:00:56", "end": "00:01:00", "text": "somewhat of a tailwind, keeping it more"}, {"start": "00:00:58", "end": "00:01:00", "text": "elevated."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today, we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:11", "text": "dominance. If you guys like the content,"}, {"start": "00:00:09", "end": "00:00:13", "text": "make sure you subscribe to the channel,"}, {"start": "00:00:11", "end": "00:00:15", "text": "give the video a thumbs up, and also"}, {"start": "00:00:13", "end": "00:00:19", "text": "check out the sale on IntoTheCryptoverse"}, {"start": "00:00:15", "end": "00:00:20", "text": "premium at intothecryptoverse.com."}, {"start": "00:00:19", "end": "00:00:23", "text": "As a reminder, we have the first"}, {"start": "00:00:20", "end": "00:00:25", "text": "Investing Through the Cycles conference"}, {"start": "00:00:23", "end": "00:00:26", "text": "coming up next month. So, make sure you"}, {"start": "00:00:25", "end": "00:00:27", "text": "guys"}, {"start": "00:00:26", "end": "00:00:30", "text": "get your ticket if you'd like to go. It"}, {"start": "00:00:27", "end": "00:00:32", "text": "looks like it's in just about 39 days."}, {"start": "00:00:30", "end": "00:00:33", "text": "So, if you are looking to go, make sure"}, {"start": "00:00:32", "end": "00:00:36", "text": "you get your ticket. Prices will be"}, {"start": "00:00:33", "end": "00:00:38", "text": "going up on November 1st."}, {"start": "00:00:36", "end": "00:00:41", "text": "Bitcoin dominance is at 60%. So, it"}, {"start": "00:00:38", "end": "00:00:42", "text": "seemed like a good time to sort of"}, {"start": "00:00:41", "end": "00:00:44", "text": "revisit the old friend of of Bitcoin"}, {"start": "00:00:42", "end": "00:00:46", "text": "dominance, and"}, {"start": "00:00:44", "end": "00:00:49", "text": "it's going to be a little trickier"}, {"start": "00:00:46", "end": "00:00:50", "text": "this cycle than last cycle, in my"}, {"start": "00:00:49", "end": "00:00:53", "text": "opinion."}, {"start": "00:00:50", "end": "00:00:56", "text": "Last cycle,"}, {"start": "00:00:53", "end": "00:00:58", "text": "I was just blindly bullish on Bitcoin"}, {"start": "00:00:56", "end": "00:01:01", "text": "dominance for the entire cycle,"}, {"start": "00:00:58", "end": "00:01:02", "text": "basically, right?"}, {"start": "00:01:01", "end": "00:01:05", "text": "And"}, {"start": "00:01:02", "end": "00:01:08", "text": "one of the reasons was because of"}, {"start": "00:01:05", "end": "00:01:11", "text": "tighter monetary policy,"}, {"start": "00:01:08", "end": "00:01:14", "text": "and because I just thought there was a"}, {"start": "00:01:11", "end": "00:01:17", "text": "lot of froth in the asset class"}, {"start": "00:01:14", "end": "00:01:20", "text": "after the 2021 bull market, right? And"}, {"start": "00:01:17", "end": "00:01:24", "text": "so, the argument was that"}, {"start": "00:01:20", "end": "00:01:27", "text": "as interest rates remain restrictive,"}, {"start": "00:01:24", "end": "00:01:30", "text": "Bitcoin dominance should go up. Now, one"}, {"start": "00:01:27", "end": "00:01:32", "text": "of the ways in which I measure"}, {"start": "00:01:30", "end": "00:01:34", "text": "sort of restrictiveness"}, {"start": "00:01:32", "end": "00:01:36", "text": "is to look at the Fed funds rate"}, {"start": "00:01:34", "end": "00:01:39", "text": "relative to the two-year yield. Okay?"}, {"start": "00:01:36", "end": "00:01:40", "text": "So, if you do that, if you look at at"}, {"start": "00:01:39", "end": "00:01:43", "text": "interest rates,"}, {"start": "00:01:40", "end": "00:01:45", "text": "and then you also put on here the"}, {"start": "00:01:43", "end": "00:01:46", "text": "two-year yield, and we're going to I"}, {"start": "00:01:45", "end": "00:01:49", "text": "should probably put those on the same"}, {"start": "00:01:46", "end": "00:01:52", "text": "price scale."}, {"start": "00:01:49", "end": "00:01:53", "text": "If you look at them like this,"}, {"start": "00:01:52", "end": "00:01:55", "text": "what you'll notice is that"}, {"start": "00:01:53", "end": "00:02:00", "text": "from"}, {"start": "00:01:55", "end": "00:02:04", "text": "See, from here, from late 2022"}, {"start": "00:02:00", "end": "00:02:06", "text": "until early 2026,"}, {"start": "00:02:04", "end": "00:02:09", "text": "the Fed funds rate was above the 2-year"}, {"start": "00:02:06", "end": "00:02:12", "text": "yield. And so, I was arguing that"}, {"start": "00:02:09", "end": "00:02:14", "text": "monetary policy was restrictive. And if"}, {"start": "00:02:12", "end": "00:02:17", "text": "you look at Bitcoin dominance, you can"}, {"start": "00:02:14", "end": "00:02:19", "text": "see that right around the time that"}, {"start": "00:02:17", "end": "00:02:21", "text": "policy"}, {"start": "00:02:19", "end": "00:02:23", "text": "became restrictive, Bitcoin dominance"}, {"start": "00:02:21", "end": "00:02:25", "text": "had already bottomed before that, but"}, {"start": "00:02:23", "end": "00:02:28", "text": "right around the time that policy became"}, {"start": "00:02:25", "end": "00:02:29", "text": "restrictive,"}, {"start": "00:02:28", "end": "00:02:31", "text": "Bitcoin dominance started really going"}, {"start": "00:02:29", "end": "00:02:32", "text": "up."}, {"start": "00:02:31", "end": "00:02:33", "text": "Right?"}, {"start": "00:02:32", "end": "00:02:36", "text": "And"}, {"start": "00:02:33", "end": "00:02:38", "text": "as it stands right now, monetary policy"}, {"start": "00:02:36", "end": "00:02:41", "text": "is not as restrictive"}, {"start": "00:02:38", "end": "00:02:43", "text": "because the Fed funds rate"}, {"start": "00:02:41", "end": "00:02:45", "text": "is below the 2-year yield. And so, in"}, {"start": "00:02:43", "end": "00:02:48", "text": "the same way that Bitcoin dominance"}, {"start": "00:02:45", "end": "00:02:52", "text": "found a low before policy became"}, {"start": "00:02:48", "end": "00:02:56", "text": "restrictive, it also arguably found this"}, {"start": "00:02:52", "end": "00:02:59", "text": "high in the summer of 2025 before policy"}, {"start": "00:02:56", "end": "00:03:02", "text": "became more accommodative."}, {"start": "00:02:59", "end": "00:03:04", "text": "However, I think it's relevant to to"}, {"start": "00:03:02", "end": "00:03:05", "text": "talk about the fact that Bitcoin"}, {"start": "00:03:04", "end": "00:03:10", "text": "dominance"}, {"start": "00:03:05", "end": "00:03:13", "text": "is likely going to go back up because"}, {"start": "00:03:10", "end": "00:03:16", "text": "policy is heading back towards a more"}, {"start": "00:03:13", "end": "00:03:19", "text": "restrictive stance. However,"}, {"start": "00:03:16", "end": "00:03:21", "text": "unlike last cycle, I don't expect"}, {"start": "00:03:19", "end": "00:03:24", "text": "Bitcoin dominance to go up for the"}, {"start": "00:03:21", "end": "00:03:27", "text": "entire cycle. Okay? I think what's more"}, {"start": "00:03:24", "end": "00:03:29", "text": "likely to happen is that Bitcoin"}, {"start": "00:03:27", "end": "00:03:33", "text": "dominance will go up for part of the"}, {"start": "00:03:29", "end": "00:03:36", "text": "cycle, but not for the entire cycle"}, {"start": "00:03:33", "end": "00:03:37", "text": "would be my guess. Now,"}, {"start": "00:03:36", "end": "00:03:38", "text": "interest rates have already started to"}, {"start": "00:03:37", "end": "00:03:42", "text": "go up."}, {"start": "00:03:38", "end": "00:03:44", "text": "And if you look at expectations for the"}, {"start": "00:03:42", "end": "00:03:46", "text": "Fed, I don't believe we are we are"}, {"start": "00:03:44", "end": "00:03:48", "text": "probably not going to get to restrictive"}, {"start": "00:03:46", "end": "00:03:50", "text": "territory"}, {"start": "00:03:48", "end": "00:03:52", "text": "uh in a short amount of time. Uh I'm"}, {"start": "00:03:50", "end": "00:03:55", "text": "trying to reload this page to see if we"}, {"start": "00:03:52", "end": "00:03:56", "text": "can, uh, There we go. Um, um interest"}, {"start": "00:03:55", "end": "00:03:59", "text": "rates are probably not going to get"}, {"start": "00:03:56", "end": "00:04:01", "text": "super restrictive really, really soon."}, {"start": "00:03:59", "end": "00:04:03", "text": "But, one of the things to note is that"}, {"start": "00:04:01", "end": "00:04:06", "text": "the two-year yield could very well come"}, {"start": "00:04:03", "end": "00:04:08", "text": "back down at some point soon. Oftentimes"}, {"start": "00:04:06", "end": "00:04:11", "text": "we'll see yields kind of drop after the"}, {"start": "00:04:08", "end": "00:04:14", "text": "midterms. And right now you can see that"}, {"start": "00:04:11", "end": "00:04:16", "text": "it would take until about April or so"}, {"start": "00:04:14", "end": "00:04:18", "text": "potentially to get the Fed funds rate"}, {"start": "00:04:16", "end": "00:04:20", "text": "back up to 4.75%"}, {"start": "00:04:18", "end": "00:04:24", "text": "and the two-year yield as it stands"}, {"start": "00:04:20", "end": "00:04:26", "text": "right now is at around 4.8%."}, {"start": "00:04:24", "end": "00:04:29", "text": "However, the two-year yield very well"}, {"start": "00:04:26", "end": "00:04:33", "text": "could come down following uh, the"}, {"start": "00:04:29", "end": "00:04:34", "text": "midterms. If you were to go look at um,"}, {"start": "00:04:33", "end": "00:04:37", "text": "uh, if we were to say look at like"}, {"start": "00:04:34", "end": "00:04:40", "text": "year-to-date ROI"}, {"start": "00:04:37", "end": "00:04:41", "text": "analysis on yields, right? So, if we"}, {"start": "00:04:40", "end": "00:04:43", "text": "were to go look at say the two-year"}, {"start": "00:04:41", "end": "00:04:46", "text": "yield and see how does the two-year"}, {"start": "00:04:43", "end": "00:04:47", "text": "Treasury yield normally behave, um, you"}, {"start": "00:04:46", "end": "00:04:49", "text": "can see like, you know, this year it's"}, {"start": "00:04:47", "end": "00:04:51", "text": "been mostly going up. Uh, it also went"}, {"start": "00:04:49", "end": "00:04:53", "text": "up a lot in 2022 and then it kind of"}, {"start": "00:04:51", "end": "00:04:54", "text": "leveled off a little bit at the end. I"}, {"start": "00:04:53", "end": "00:04:56", "text": "think you might see something similar"}, {"start": "00:04:54", "end": "00:05:00", "text": "happen this time. And then if you look"}, {"start": "00:04:56", "end": "00:05:01", "text": "at 2018, you can see that this this 2026"}, {"start": "00:05:00", "end": "00:05:03", "text": "year looks a lot more like 2018 in the"}, {"start": "00:05:01", "end": "00:05:05", "text": "sense that it's been going up. Could go"}, {"start": "00:05:03", "end": "00:05:08", "text": "up a little bit more, but then I expect"}, {"start": "00:05:05", "end": "00:05:10", "text": "it to sort of fall after the midterms."}, {"start": "00:05:08", "end": "00:05:11", "text": "Okay. So,"}, {"start": "00:05:10", "end": "00:05:13", "text": "what's interesting about that is if if"}, {"start": "00:05:11", "end": "00:05:16", "text": "the two-year yield were to fall back"}, {"start": "00:05:13", "end": "00:05:18", "text": "down at the same time that the Fed is"}, {"start": "00:05:16", "end": "00:05:20", "text": "raising rates, then we could actually"}, {"start": "00:05:18", "end": "00:05:24", "text": "get back to more restrictive policy a"}, {"start": "00:05:20", "end": "00:05:26", "text": "lot sooner than mid-2027, right? Imagine"}, {"start": "00:05:24", "end": "00:05:28", "text": "if the Fed funds rate goes to say four"}, {"start": "00:05:26", "end": "00:05:32", "text": "and a quarter and then the two-year"}, {"start": "00:05:28", "end": "00:05:35", "text": "yield drops back down to 4.5, then we're"}, {"start": "00:05:32", "end": "00:05:38", "text": "a lot closer to being restrictive. So,"}, {"start": "00:05:35", "end": "00:05:41", "text": "my thought process here is that because"}, {"start": "00:05:38", "end": "00:05:43", "text": "we're likely heading that direction,"}, {"start": "00:05:41", "end": "00:05:46", "text": "also as I've said before, I'm still"}, {"start": "00:05:43", "end": "00:05:48", "text": "bullish here on the Dixie, the dollar."}, {"start": "00:05:46", "end": "00:05:49", "text": "And and I know I've gotten a lot of heat"}, {"start": "00:05:48", "end": "00:05:52", "text": "for this one, too, but you know, the"}, {"start": "00:05:49", "end": "00:05:54", "text": "dollar has been going up this year. It"}, {"start": "00:05:52", "end": "00:05:56", "text": "It might not have felt like it, but it's"}, {"start": "00:05:54", "end": "00:05:58", "text": "been printing higher lows. In fact, the"}, {"start": "00:05:56", "end": "00:06:01", "text": "low was formed in January, and then a"}, {"start": "00:05:58", "end": "00:06:04", "text": "higher low in May, and then a higher low"}, {"start": "00:06:01", "end": "00:06:06", "text": "in in August, right? And and you can see"}, {"start": "00:06:04", "end": "00:06:08", "text": "that the Dixie, the US dollar currency"}, {"start": "00:06:06", "end": "00:06:12", "text": "index, has generally been trending"}, {"start": "00:06:08", "end": "00:06:13", "text": "higher throughout a lot of 2026. And one"}, {"start": "00:06:12", "end": "00:06:15", "text": "of the reasons we you know, I talked"}, {"start": "00:06:13", "end": "00:06:17", "text": "about this"}, {"start": "00:06:15", "end": "00:06:19", "text": "was because of this going back to"}, {"start": "00:06:17", "end": "00:06:21", "text": "tighter monetary policy was in the"}, {"start": "00:06:19", "end": "00:06:23", "text": "cards, and so we should expect the"}, {"start": "00:06:21", "end": "00:06:26", "text": "dollar to continue back up. The other"}, {"start": "00:06:23", "end": "00:06:29", "text": "The other aspect of it is just looking"}, {"start": "00:06:26", "end": "00:06:34", "text": "at it from a uh presidential term return"}, {"start": "00:06:29", "end": "00:06:37", "text": "path. And if you look at the dollar,"}, {"start": "00:06:34", "end": "00:06:40", "text": "what you'll notice is that the dollar in"}, {"start": "00:06:37", "end": "00:06:42", "text": "Trump's second term is matching very"}, {"start": "00:06:40", "end": "00:06:43", "text": "closely what it did during the first"}, {"start": "00:06:42", "end": "00:06:45", "text": "during Trump's first term. And you can"}, {"start": "00:06:43", "end": "00:06:47", "text": "see that in both cases, the dollar fell"}, {"start": "00:06:45", "end": "00:06:49", "text": "in the first year, and then started to"}, {"start": "00:06:47", "end": "00:06:51", "text": "slowly go up in the midterm year. So,"}, {"start": "00:06:49", "end": "00:06:54", "text": "this is not really that different from"}, {"start": "00:06:51", "end": "00:06:58", "text": "what we saw in uh"}, {"start": "00:06:54", "end": "00:07:00", "text": "2018. And and and 2017, right? It's just"}, {"start": "00:06:58", "end": "00:07:03", "text": "the dollar is in 20"}, {"start": "00:07:00", "end": "00:07:05", "text": "25 did what the dollar did in 2017, and"}, {"start": "00:07:03", "end": "00:07:06", "text": "then so far in 2026, the dollar was"}, {"start": "00:07:05", "end": "00:07:10", "text": "doing what it did in 2018. So, it's a"}, {"start": "00:07:06", "end": "00:07:12", "text": "very similar setup. And so, because"}, {"start": "00:07:10", "end": "00:07:16", "text": "we're likely to see rates go up, because"}, {"start": "00:07:12", "end": "00:07:19", "text": "we are likely to see the dollar go up,"}, {"start": "00:07:16", "end": "00:07:21", "text": "uh I think that going into this next"}, {"start": "00:07:19", "end": "00:07:25", "text": "cycle, I I believe we should still see"}, {"start": "00:07:21", "end": "00:07:27", "text": "Bitcoin dominance generally hold on. But"}, {"start": "00:07:25", "end": "00:07:29", "text": "I do not think it will go up for the"}, {"start": "00:07:27", "end": "00:07:31", "text": "entire cycle, because I do believe at"}, {"start": "00:07:29", "end": "00:07:34", "text": "some point this cycle uh"}, {"start": "00:07:31", "end": "00:07:36", "text": "we will likely see rates drop a lot,"}, {"start": "00:07:34", "end": "00:07:38", "text": "right? Once Once the economy starts to"}, {"start": "00:07:36", "end": "00:07:41", "text": "really feel the heat of all these rate"}, {"start": "00:07:38", "end": "00:07:42", "text": "hikes, I think you'll start to see"}, {"start": "00:07:41", "end": "00:07:44", "text": "um"}, {"start": "00:07:42", "end": "00:07:45", "text": "the you know the dollar drop and and"}, {"start": "00:07:44", "end": "00:07:48", "text": "Bitcoin dominance drop, but that could"}, {"start": "00:07:45", "end": "00:07:50", "text": "still be a year or two away. In the"}, {"start": "00:07:48", "end": "00:07:52", "text": "short term, I think dominance is likely"}, {"start": "00:07:50", "end": "00:07:54", "text": "to go back up and arguably where I would"}, {"start": "00:07:52", "end": "00:07:56", "text": "say what the target would be if you're"}, {"start": "00:07:54", "end": "00:07:58", "text": "looking at the chart including stables,"}, {"start": "00:07:56", "end": "00:08:01", "text": "I think that dominance will eventually"}, {"start": "00:07:58", "end": "00:08:03", "text": "head back up to where it previously was."}, {"start": "00:08:01", "end": "00:08:05", "text": "If you look at the last business cycle,"}, {"start": "00:08:03", "end": "00:08:07", "text": "you can see that Bitcoin dominance found"}, {"start": "00:08:05", "end": "00:08:09", "text": "a high before QT ended and then it"}, {"start": "00:08:07", "end": "00:08:11", "text": "reached that high later on in the cycle"}, {"start": "00:08:09", "end": "00:08:14", "text": "fearing actually a parabolic Bitcoin"}, {"start": "00:08:11", "end": "00:08:18", "text": "rally. Um and even though Bitcoin"}, {"start": "00:08:14", "end": "00:08:20", "text": "dominance excluding stablecoins has been"}, {"start": "00:08:18", "end": "00:08:23", "text": "dropping recently,"}, {"start": "00:08:20", "end": "00:08:25", "text": "if you look at Bitcoin dominance,"}, {"start": "00:08:23", "end": "00:08:28", "text": "so this one I'll show first we'll look"}, {"start": "00:08:25", "end": "00:08:31", "text": "at it including stablecoins, but then if"}, {"start": "00:08:28", "end": "00:08:34", "text": "you exclude them, right? So here's in or"}, {"start": "00:08:31", "end": "00:08:35", "text": "here's including stables."}, {"start": "00:08:34", "end": "00:08:38", "text": "You can see it's still been going up. If"}, {"start": "00:08:35", "end": "00:08:41", "text": "you exclude stables, it actually sort of"}, {"start": "00:08:38", "end": "00:08:42", "text": "fell off a bit recently, but again, when"}, {"start": "00:08:41", "end": "00:08:44", "text": "you include stables, it's like one of"}, {"start": "00:08:42", "end": "00:08:46", "text": "the headwinds for Bitcoin dominance that"}, {"start": "00:08:44", "end": "00:08:48", "text": "used to be stablecoins, it's now been"}, {"start": "00:08:46", "end": "00:08:50", "text": "somewhat of a of tailwind keeping it"}, {"start": "00:08:48", "end": "00:08:51", "text": "more elevated"}, {"start": "00:08:50", "end": "00:08:52", "text": "um"}, {"start": "00:08:51", "end": "00:08:55", "text": "just because the altcoin you know the"}, {"start": "00:08:52", "end": "00:08:56", "text": "altcoin market isn't you know, capturing"}, {"start": "00:08:55", "end": "00:08:58", "text": "necessarily the the amazing gains it"}, {"start": "00:08:56", "end": "00:09:00", "text": "would need to to really start to put a"}, {"start": "00:08:58", "end": "00:09:02", "text": "dent into into Bitcoin dominance. But"}, {"start": "00:09:00", "end": "00:09:04", "text": "the reason is is because whenever"}, {"start": "00:09:02", "end": "00:09:05", "text": "Bitcoin rallies to a new all-time high,"}, {"start": "00:09:04", "end": "00:09:07", "text": "a lot of the money from the altcoin"}, {"start": "00:09:05", "end": "00:09:09", "text": "market would likely rotate over into"}, {"start": "00:09:07", "end": "00:09:11", "text": "Bitcoin and then you would likely see"}, {"start": "00:09:09", "end": "00:09:13", "text": "Bitcoin dominance just go right back up."}, {"start": "00:09:11", "end": "00:09:15", "text": "In fact, you can see that dominance has"}, {"start": "00:09:13", "end": "00:09:18", "text": "basically stabilized at the same spot it"}, {"start": "00:09:15", "end": "00:09:19", "text": "stabilized in in September 2020."}, {"start": "00:09:18", "end": "00:09:21", "text": "Right? You see that? It it's basically"}, {"start": "00:09:19", "end": "00:09:24", "text": "just been stabilized there for a long"}, {"start": "00:09:21", "end": "00:09:27", "text": "time and arguably it it wants to go up,"}, {"start": "00:09:24", "end": "00:09:28", "text": "but it's it's been struggling to do so."}, {"start": "00:09:27", "end": "00:09:31", "text": "I don't know what we know if there's"}, {"start": "00:09:28", "end": "00:09:34", "text": "going to be a catalyst or what, but I do"}, {"start": "00:09:31", "end": "00:09:36", "text": "think that dominance will go back up"}, {"start": "00:09:34", "end": "00:09:39", "text": "before it starts to head back down, you"}, {"start": "00:09:36", "end": "00:09:41", "text": "know, into like the low 50s, maybe even"}, {"start": "00:09:39", "end": "00:09:43", "text": "the upper 40s is not completely out of"}, {"start": "00:09:41", "end": "00:09:45", "text": "the question, but I don't think that's"}, {"start": "00:09:43", "end": "00:09:47", "text": "the short-term outlook. I think in order"}, {"start": "00:09:45", "end": "00:09:49", "text": "to call for Bitcoin dominance to durably"}, {"start": "00:09:47", "end": "00:09:51", "text": "go down for a while,"}, {"start": "00:09:49", "end": "00:09:54", "text": "we first would likely see it go back up"}, {"start": "00:09:51", "end": "00:09:56", "text": "and eventually tag these highs from"}, {"start": "00:09:54", "end": "00:09:58", "text": "2025. Now, the other thing to consider"}, {"start": "00:09:56", "end": "00:09:59", "text": "as well,"}, {"start": "00:09:58", "end": "00:10:01", "text": "and I know some people are are have"}, {"start": "00:09:59", "end": "00:10:04", "text": "remember this chart is the total three"}, {"start": "00:10:01", "end": "00:10:06", "text": "minus USDT divided by Bitcoin. This"}, {"start": "00:10:04", "end": "00:10:09", "text": "chart arguably has been trying to find"}, {"start": "00:10:06", "end": "00:10:10", "text": "support here at these lower levels. Um"}, {"start": "00:10:09", "end": "00:10:14", "text": "and if you include, you know, if you"}, {"start": "00:10:10", "end": "00:10:16", "text": "were to include uh USDC,"}, {"start": "00:10:14", "end": "00:10:17", "text": "it it's a little bit more"}, {"start": "00:10:16", "end": "00:10:20", "text": "um"}, {"start": "00:10:17", "end": "00:10:22", "text": "uh interesting because it it it it shows"}, {"start": "00:10:20", "end": "00:10:24", "text": "you that the wick that we had previously"}, {"start": "00:10:22", "end": "00:10:26", "text": "did correspond to this, you know, to"}, {"start": "00:10:24", "end": "00:10:28", "text": "some of these wicks we previously had in"}, {"start": "00:10:26", "end": "00:10:31", "text": "the last cycle. And while dominance did"}, {"start": "00:10:28", "end": "00:10:33", "text": "go up after that wick, um eventually, or"}, {"start": "00:10:31", "end": "00:10:35", "text": "so while all Bitcoin pairs went up, we"}, {"start": "00:10:33", "end": "00:10:37", "text": "eventually saw it go back down. So, my"}, {"start": "00:10:35", "end": "00:10:40", "text": "guess is that altcoin pairs are likely"}, {"start": "00:10:37", "end": "00:10:42", "text": "going to still want to continue to the"}, {"start": "00:10:40", "end": "00:10:44", "text": "downside as difficult as that might be,"}, {"start": "00:10:42", "end": "00:10:46", "text": "but the reason is just because monetary"}, {"start": "00:10:44", "end": "00:10:48", "text": "policy is likely going to remain"}, {"start": "00:10:46", "end": "00:10:50", "text": "restrictive. And then as it continues to"}, {"start": "00:10:48", "end": "00:10:52", "text": "spend down time down here, eventually"}, {"start": "00:10:50", "end": "00:10:54", "text": "that will uh higher interest rates will"}, {"start": "00:10:52", "end": "00:10:56", "text": "filter over into the economy and then"}, {"start": "00:10:54", "end": "00:10:58", "text": "we'll go back to looser monetary policy."}, {"start": "00:10:56", "end": "00:11:00", "text": "And then my guess is you'll see all"}, {"start": "00:10:58", "end": "00:11:02", "text": "altcoin pairs go back up. But I think"}, {"start": "00:11:00", "end": "00:11:04", "text": "that'll probably be later on in the"}, {"start": "00:11:02", "end": "00:11:06", "text": "cycle. Anyways, those are my views about"}, {"start": "00:11:04", "end": "00:11:08", "text": "Bitcoin dominance. Hopefully that is is"}, {"start": "00:11:06", "end": "00:11:10", "text": "useful. Again, I wouldn't go into this"}, {"start": "00:11:08", "end": "00:11:13", "text": "cycle expecting dominance to go up for"}, {"start": "00:11:10", "end": "00:11:17", "text": "the entire cycle like last cycle, but I"}, {"start": "00:11:13", "end": "00:11:19", "text": "do think there will be a period um"}, {"start": "00:11:17", "end": "00:11:22", "text": "where Bitcoin dominance does in fact go"}, {"start": "00:11:19", "end": "00:11:24", "text": "up for a while and and you probably"}, {"start": "00:11:22", "end": "00:11:28", "text": "won't see all Bitcoin pairs really do"}, {"start": "00:11:24", "end": "00:11:30", "text": "well until you go back to looser"}, {"start": "00:11:28", "end": "00:11:32", "text": "monetary policy. And that is unlikely to"}, {"start": "00:11:30", "end": "00:11:33", "text": "happen in the short term. If you guys"}, {"start": "00:11:32", "end": "00:11:35", "text": "like the content, make sure you"}, {"start": "00:11:33", "end": "00:11:36", "text": "subscribe, give the video a thumbs up,"}, {"start": "00:11:35", "end": "00:11:38", "text": "and again, check out the upcoming"}, {"start": "00:11:36", "end": "00:11:39", "text": "Investing Through the Cycles conference."}, {"start": "00:11:38", "end": "00:11:41", "text": "Link is in the description below or the"}, {"start": "00:11:39", "end": "00:11:44", "text": "pinned comment. I'll see you guys next"}, {"start": "00:11:41", "end": "00:11:44", "text": "time. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "I think that if this is a fakeout, it's"}, {"start": "00:00:02", "end": "00:00:05", "text": "going to wreck a lot of people on the"}, {"start": "00:00:04", "end": "00:00:07", "text": "way back down."}, {"start": "00:00:05", "end": "00:00:10", "text": "So, that's why I'm saying like look like"}, {"start": "00:00:07", "end": "00:00:12", "text": "be a student of the market and and and"}, {"start": "00:00:10", "end": "00:00:16", "text": "just accept it, right? If it accepts"}, {"start": "00:00:12", "end": "00:00:18", "text": "below here, then Q4 2026 is going to be"}, {"start": "00:00:16", "end": "00:00:20", "text": "what it always was. It's just that the"}, {"start": "00:00:18", "end": "00:00:22", "text": "market had a way of convincing everyone"}, {"start": "00:00:20", "end": "00:00:25", "text": "that it wasn't."}, {"start": "00:00:22", "end": "00:00:25", "text": "So, just something to consider."}]

[{"end": "00:00:04", "start": "00:00:00", "text": "It looks like Bitcoin has is unwinding"}, {"end": "00:00:06", "start": "00:00:02", "text": "this. And I know some people are just"}, {"end": "00:00:07", "start": "00:00:04", "text": "gonna going to say that this is coping"}, {"end": "00:00:09", "start": "00:00:06", "text": "and whatnot. And and maybe they're"}, {"end": "00:00:11", "start": "00:00:07", "text": "right. Right. Maybe they're right. But"}, {"end": "00:00:15", "start": "00:00:09", "text": "at the same time,"}, {"end": "00:00:18", "start": "00:00:11", "text": "is it smart to just completely ignore"}, {"end": "00:00:21", "start": "00:00:15", "text": "what's always happened in Q4 of midterm"}, {"end": "00:00:22", "start": "00:00:18", "text": "years just because Bitcoin put in a"}, {"end": "00:00:24", "start": "00:00:21", "text": "slightly higher high? Like is it? I"}, {"end": "00:00:27", "start": "00:00:22", "text": "mean, I don't Maybe it is, maybe it's"}, {"end": "00:00:29", "start": "00:00:24", "text": "not. But"}, {"end": "00:00:32", "start": "00:00:27", "text": "if you're going to go with the chart and"}, {"end": "00:00:35", "start": "00:00:29", "text": "say price action is king,"}, {"end": "00:00:38", "start": "00:00:32", "text": "at what point at what point do we just"}, {"end": "00:00:40", "start": "00:00:35", "text": "simply say that in the same way Bitcoin"}, {"end": "00:00:43", "start": "00:00:38", "text": "could fake down to the downside, it can"}, {"end": "00:00:46", "start": "00:00:40", "text": "also fake to the upside? And if Bitcoin"}, {"end": "00:00:48", "start": "00:00:43", "text": "is accepting below,"}, {"end": "00:00:51", "start": "00:00:46", "text": "then I I would assume it would probably"}, {"end": "00:00:55", "start": "00:00:48", "text": "just head back down into Q4 just like it"}, {"end": "00:00:57", "start": "00:00:51", "text": "always does. Now when you look at what"}, {"end": "00:00:59", "start": "00:00:55", "text": "Bitcoin normally does after a rate hike,"}, {"end": "00:00:59", "start": "00:00:57", "text": "right?"}]

[{"end": "00:00:05", "start": "00:00:00", "text": "Frankly, I mean, long story short,"}, {"end": "00:00:08", "start": "00:00:02", "text": "right? I mean, 83K is the line in the"}, {"end": "00:00:10", "start": "00:00:05", "text": "sand,"}, {"end": "00:00:14", "start": "00:00:08", "text": "right? That's the line in the sand. If"}, {"end": "00:00:16", "start": "00:00:10", "text": "if Bitcoin holds it, then it could"}, {"end": "00:00:18", "start": "00:00:14", "text": "potentially just simply repeat the 2019"}, {"end": "00:00:18", "start": "00:00:16", "text": "rally."}]

[{"end": "00:00:05", "start": "00:00:01", "text": "Hey everyone and thanks for jumping back"}, {"end": "00:00:08", "start": "00:00:03", "text": "into the cryptoverse."}, {"end": "00:00:13", "start": "00:00:05", "text": "Today we're going to talk about Bitcoin"}, {"end": "00:00:14", "start": "00:00:08", "text": "Q4 2026. If you guys like the content,"}, {"end": "00:00:16", "start": "00:00:13", "text": "make sure you subscribe to the channel,"}, {"end": "00:00:18", "start": "00:00:14", "text": "give the video a thumbs up, and also"}, {"end": "00:00:20", "start": "00:00:16", "text": "check out the sale on into the"}, {"end": "00:00:22", "start": "00:00:18", "text": "cryptoverse premium at into the"}, {"end": "00:00:25", "start": "00:00:20", "text": "cryptoverse.com."}, {"end": "00:00:28", "start": "00:00:22", "text": "We have the investing through the cycles"}, {"end": "00:00:30", "start": "00:00:25", "text": "conference coming up next month. I think"}, {"end": "00:00:33", "start": "00:00:28", "text": "it's going to be a pretty interesting"}, {"end": "00:00:36", "start": "00:00:30", "text": "conference with people who kind of sit"}, {"end": "00:00:38", "start": "00:00:33", "text": "on either side of the market, some"}, {"end": "00:00:39", "start": "00:00:36", "text": "bullish, some bearish, and I think it's"}, {"end": "00:00:42", "start": "00:00:38", "text": "just going to be a good conversation for"}, {"end": "00:00:44", "start": "00:00:39", "text": "those that just want to come listen to"}, {"end": "00:00:46", "start": "00:00:42", "text": "different viewpoints and and try to use"}, {"end": "00:00:50", "start": "00:00:44", "text": "that to better articulate what their own"}, {"end": "00:00:53", "start": "00:00:46", "text": "viewpoints may in fact be. Bitcoin right"}, {"end": "00:00:58", "start": "00:00:50", "text": "now is trading around 81 82,000 and we"}, {"end": "00:01:03", "start": "00:00:53", "text": "are now in the fourth quarter of 2026."}, {"end": "00:01:05", "start": "00:00:58", "text": "Now Q4 of midterm years historically"}, {"end": "00:01:09", "start": "00:01:03", "text": "hasn't been that great. And when we"}, {"end": "00:01:12", "start": "00:01:05", "text": "entered into this year obviously I was"}, {"end": "00:01:15", "start": "00:01:09", "text": "fairly deterministic about that. And I I"}, {"end": "00:01:18", "start": "00:01:12", "text": "talked a lot about how usually going"}, {"end": "00:01:20", "start": "00:01:15", "text": "into Q4, you see some type of like the"}, {"end": "00:01:24", "start": "00:01:18", "text": "bears show back up when people like"}, {"end": "00:01:26", "start": "00:01:20", "text": "least expect them to and and then"}, {"end": "00:01:28", "start": "00:01:24", "text": "Bitcoin surprises everyone. It wakes"}, {"end": "00:01:33", "start": "00:01:26", "text": "everyone up and then it kind of sets up"}, {"end": "00:01:36", "start": "00:01:28", "text": "the the next bull market. And when I was"}, {"end": "00:01:38", "start": "00:01:33", "text": "sort of talking about that this year, we"}, {"end": "00:01:40", "start": "00:01:36", "text": "had these sort of these lower highs and"}, {"end": "00:01:42", "start": "00:01:38", "text": "you know, I talked about how Bitcoin"}, {"end": "00:01:44", "start": "00:01:40", "text": "normally finds a low in February uh and"}, {"end": "00:01:47", "start": "00:01:42", "text": "then it normally finds a summer low and"}, {"end": "00:01:48", "start": "00:01:44", "text": "then it typically finds a Q4 low, right?"}, {"end": "00:01:51", "start": "00:01:47", "text": "And and the reason I said that was"}, {"end": "00:01:53", "start": "00:01:48", "text": "because historically you have your"}, {"end": "00:01:54", "start": "00:01:51", "text": "February low, your your summer low, and"}, {"end": "00:01:57", "start": "00:01:53", "text": "then your Q4 low, right? You can see"}, {"end": "00:02:00", "start": "00:01:54", "text": "that happen in 2018. Um in 2022,"}, {"end": "00:02:02", "start": "00:01:57", "text": "basically the same thing. And and so"}, {"end": "00:02:05", "start": "00:02:00", "text": "that was sort of the the argument for"}, {"end": "00:02:08", "start": "00:02:02", "text": "why Bitcoin would find that weakness"}, {"end": "00:02:11", "start": "00:02:05", "text": "during those times of the year."}, {"end": "00:02:14", "start": "00:02:08", "text": "And then from there, we also made the"}, {"end": "00:02:17", "start": "00:02:11", "text": "comparison to 2019, right? Like 2019"}, {"end": "00:02:21", "start": "00:02:14", "text": "seemed like a relevant comparison"}, {"end": "00:02:25", "start": "00:02:17", "text": "because Bitcoin topped on apathy like it"}, {"end": "00:02:28", "start": "00:02:21", "text": "did in 2019. And in 2019, there was"}, {"end": "00:02:31", "start": "00:02:25", "text": "about a 54% drop,"}, {"end": "00:02:35", "start": "00:02:28", "text": "right, without the pandemic, right? It"}, {"end": "00:02:37", "start": "00:02:31", "text": "was about a a 54% drop both times. And"}, {"end": "00:02:41", "start": "00:02:35", "text": "so it made sense to also talk about the"}, {"end": "00:02:44", "start": "00:02:37", "text": "2019 style move just because there was"}, {"end": "00:02:46", "start": "00:02:41", "text": "not in fact a euphoric rally, right?"}, {"end": "00:02:51", "start": "00:02:44", "text": "Okay, so without a euphoric rally"}, {"end": "00:02:53", "start": "00:02:46", "text": "perhaps uh the draw down would be a"}, {"end": "00:02:54", "start": "00:02:51", "text": "little bit slower. Uh and the reason is"}, {"end": "00:02:55", "start": "00:02:53", "text": "because people aren't really panic"}, {"end": "00:02:58", "start": "00:02:54", "text": "selling in the same way that they"}, {"end": "00:03:00", "start": "00:02:55", "text": "normally do. And if you look at at"}, {"end": "00:03:04", "start": "00:02:58", "text": "Bitcoin, if you look at like the ROI"}, {"end": "00:03:07", "start": "00:03:00", "text": "from the low and you go the ROI from low"}, {"end": "00:03:07", "start": "00:03:04", "text": "to low,"}, {"end": "00:03:11", "start": "00:03:07", "text": "you can see that historically the low"}, {"end": "00:03:13", "start": "00:03:10", "text": "would have occurred, you know,"}, {"end": "00:03:17", "start": "00:03:11", "text": "theoretically in Q4. But if you compare"}, {"end": "00:03:19", "start": "00:03:13", "text": "it to 2019 and look at the that bare"}, {"end": "00:03:21", "start": "00:03:17", "text": "market, you can see that the one in 2019"}, {"end": "00:03:23", "start": "00:03:19", "text": "ended after about 6 months. But the"}, {"end": "00:03:26", "start": "00:03:21", "text": "difference is that the 2019 bare market"}, {"end": "00:03:27", "start": "00:03:23", "text": "ended in 6 months after the pandemic"}, {"end": "00:03:30", "start": "00:03:26", "text": "shot"}, {"end": "00:03:34", "start": "00:03:27", "text": "with price base capitulation."}, {"end": "00:03:38", "start": "00:03:30", "text": "So what I'm saying is that the"}, {"end": "00:03:42", "start": "00:03:34", "text": "the draw down here that lasted about 25"}, {"end": "00:03:46", "start": "00:03:38", "text": "weeks back then arguably this time"}, {"end": "00:03:51", "start": "00:03:42", "text": "lasted about 38 weeks and then the move"}, {"end": "00:03:52", "start": "00:03:46", "text": "that we have now seen is more similar to"}, {"end": "00:03:54", "start": "00:03:51", "text": "that move right there but with a"}, {"end": "00:03:59", "start": "00:03:52", "text": "difference of it's not like we have a"}, {"end": "00:04:03", "start": "00:03:54", "text": "pandemic right so when we think about Q4"}, {"end": "00:04:06", "start": "00:03:59", "text": "and what lies before us. I I think it's"}, {"end": "00:04:08", "start": "00:04:03", "text": "important to recognize where Bitcoin is"}, {"end": "00:04:12", "start": "00:04:06", "text": "right now because where Bitcoin is right"}, {"end": "00:04:14", "start": "00:04:08", "text": "now is is somewhat dangerous level if it"}, {"end": "00:04:18", "start": "00:04:12", "text": "especially if it were to close here. And"}, {"end": "00:04:22", "start": "00:04:14", "text": "and the reason I say that is because"}, {"end": "00:04:24", "start": "00:04:18", "text": "to the downside to the downside, right,"}, {"end": "00:04:27", "start": "00:04:22", "text": "you could argue that there was a fake"}, {"end": "00:04:31", "start": "00:04:24", "text": "out to the downside."}, {"end": "00:04:33", "start": "00:04:27", "text": "What's interesting is that the low to"}, {"end": "00:04:35", "start": "00:04:31", "text": "the downside"}, {"end": "00:04:38", "start": "00:04:33", "text": "was around"}, {"end": "00:04:42", "start": "00:04:35", "text": "57,000 which is similar to the low that"}, {"end": "00:04:45", "start": "00:04:38", "text": "we had in the summer of 2018 just 5700"}, {"end": "00:04:48", "start": "00:04:42", "text": "right it's just a 10x a 10x difference"}, {"end": "00:04:51", "start": "00:04:45", "text": "essentially and you can see that in both"}, {"end": "00:04:54", "start": "00:04:48", "text": "2018 and in 2026"}, {"end": "00:04:57", "start": "00:04:51", "text": "they both undercut the February low"}, {"end": "00:05:01", "start": "00:04:54", "text": "which was closer to around 66 6,000 or"}, {"end": "00:05:05", "start": "00:04:57", "text": "60,000. Right? So from there, I think"}, {"end": "00:05:09", "start": "00:05:01", "text": "you're sort of seeing a mix of 2018 and"}, {"end": "00:05:11", "start": "00:05:05", "text": "2019 style rallies because, you know, in"}, {"end": "00:05:14", "start": "00:05:09", "text": "this case, in 2019, we actually went"}, {"end": "00:05:16", "start": "00:05:11", "text": "back up to a prior high and in 2018 it"}, {"end": "00:05:18", "start": "00:05:14", "text": "was a lower high and in this case it was"}, {"end": "00:05:19", "start": "00:05:16", "text": "a slightly higher high. But the thing"}, {"end": "00:05:23", "start": "00:05:18", "text": "that I want people to be aware of is"}, {"end": "00:05:26", "start": "00:05:19", "text": "that, you know, first of all, regardless"}, {"end": "00:05:28", "start": "00:05:23", "text": "of what happens in Q4, it won't change"}, {"end": "00:05:31", "start": "00:05:26", "text": "the fact that I was wrong about the"}, {"end": "00:05:33", "start": "00:05:28", "text": "extent of this rally, right? Nothing"}, {"end": "00:05:35", "start": "00:05:31", "text": "will ever change that, right? We know"}, {"end": "00:05:38", "start": "00:05:33", "text": "that. I know that, you know, we all know"}, {"end": "00:05:43", "start": "00:05:35", "text": "that. Um but at the same time I have to"}, {"end": "00:05:45", "start": "00:05:38", "text": "ask myself you know at any point is um"}, {"end": "00:05:48", "start": "00:05:43", "text": "you know is there a case to be made"}, {"end": "00:05:52", "start": "00:05:45", "text": "right that in the same way that Bitcoin"}, {"end": "00:05:55", "start": "00:05:48", "text": "can fake people out to the downside"}, {"end": "00:06:00", "start": "00:05:52", "text": "could it simply fake people out to the"}, {"end": "00:06:04", "start": "00:05:55", "text": "upside as well? And what could happen is"}, {"end": "00:06:05", "start": "00:06:00", "text": "if Bitcoin accepts back below the range,"}, {"end": "00:06:08", "start": "00:06:04", "text": "right? If it accepts back below the"}, {"end": "00:06:10", "start": "00:06:05", "text": "range, then the argument is that could"}, {"end": "00:06:12", "start": "00:06:08", "text": "it not just simply go back to the range"}, {"end": "00:06:14", "start": "00:06:10", "text": "lows? Because when it was determined"}, {"end": "00:06:16", "start": "00:06:12", "text": "that this was a fake out to the"}, {"end": "00:06:19", "start": "00:06:14", "text": "downside, we pretty quickly went back up"}, {"end": "00:06:21", "start": "00:06:16", "text": "to the range highs."}, {"end": "00:06:25", "start": "00:06:19", "text": "So, could we see the reverse of that"}, {"end": "00:06:27", "start": "00:06:21", "text": "happen again? And I I think that, you"}, {"end": "00:06:29", "start": "00:06:25", "text": "know, with with rates and yields and and"}, {"end": "00:06:33", "start": "00:06:27", "text": "the dollar and everything, what I was"}, {"end": "00:06:36", "start": "00:06:29", "text": "more so originally thinking is that, you"}, {"end": "00:06:40", "start": "00:06:33", "text": "know, a rising dollar and and rising"}, {"end": "00:06:42", "start": "00:06:36", "text": "rates and and um"}, {"end": "00:06:44", "start": "00:06:40", "text": "all that stuff, rising energy prices"}, {"end": "00:06:45", "start": "00:06:42", "text": "would be would be bearish for Bitcoin"}, {"end": "00:06:47", "start": "00:06:44", "text": "and that it would lead into the"}, {"end": "00:06:49", "start": "00:06:45", "text": "four-year cycle low, but and and but"}, {"end": "00:06:51", "start": "00:06:47", "text": "that not that it would necessarily drop"}, {"end": "00:06:53", "start": "00:06:49", "text": "right away because normally we don't see"}, {"end": "00:06:55", "start": "00:06:51", "text": "the drop until Q4. before, but that it"}, {"end": "00:06:58", "start": "00:06:53", "text": "would make Bitcoin sort of stall out as"}, {"end": "00:07:00", "start": "00:06:55", "text": "it did in, you know, as it did in 2018"}, {"end": "00:07:01", "start": "00:06:58", "text": "and as it did in 2022, right? It just"}, {"end": "00:07:03", "start": "00:07:00", "text": "kind of stalled out. It didn't go down"}, {"end": "00:07:05", "start": "00:07:01", "text": "right away, but it also didn't really go"}, {"end": "00:07:07", "start": "00:07:03", "text": "up that much either. But in this case,"}, {"end": "00:07:09", "start": "00:07:05", "text": "Bitcoin went up a lot more than what I"}, {"end": "00:07:14", "start": "00:07:07", "text": "thought it was going to, right? It it it"}, {"end": "00:07:16", "start": "00:07:09", "text": "went above the prior range. And so,"}, {"end": "00:07:18", "start": "00:07:14", "text": "but when you look when you look at"}, {"end": "00:07:20", "start": "00:07:16", "text": "Bitcoin and you overlay, say, the"}, {"end": "00:07:22", "start": "00:07:18", "text": "10-year yield"}, {"end": "00:07:26", "start": "00:07:20", "text": "onto the Bitcoin chart, what you'll"}, {"end": "00:07:28", "start": "00:07:22", "text": "notice is that the lows that Bitcoin"}, {"end": "00:07:32", "start": "00:07:26", "text": "experienced"}, {"end": "00:07:35", "start": "00:07:28", "text": "in um you know, in February and sort of"}, {"end": "00:07:37", "start": "00:07:32", "text": "the March time frame and the summer time"}, {"end": "00:07:40", "start": "00:07:35", "text": "frame were when the 10-year yield was"}, {"end": "00:07:42", "start": "00:07:37", "text": "going down,"}, {"end": "00:07:44", "start": "00:07:40", "text": "not up."}, {"end": "00:07:46", "start": "00:07:42", "text": "You see that? In fact, while the 10-year"}, {"end": "00:07:47", "start": "00:07:44", "text": "was going up, Bitcoin was doing okay,"}, {"end": "00:07:50", "start": "00:07:46", "text": "right? It was doing okay. When the"}, {"end": "00:07:51", "start": "00:07:47", "text": "10-year went up, Bitcoin was mostly"}, {"end": "00:07:54", "start": "00:07:50", "text": "okay. It was when the 10ear started to"}, {"end": "00:07:56", "start": "00:07:51", "text": "drop and Bitcoin would sort of stall out"}, {"end": "00:07:58", "start": "00:07:54", "text": "before the 10-year top, right? Bitcoin"}, {"end": "00:08:00", "start": "00:07:56", "text": "would stall before the 10-year tops,"}, {"end": "00:08:02", "start": "00:07:58", "text": "then it would drop, and then it would"}, {"end": "00:08:07", "start": "00:08:00", "text": "form a low around the time the 10-year"}, {"end": "00:08:09", "start": "00:08:02", "text": "bottoms, right? So, with this larger"}, {"end": "00:08:11", "start": "00:08:07", "text": "move in the 10-year,"}, {"end": "00:08:16", "start": "00:08:09", "text": "Bitcoin's had a nice rally to the"}, {"end": "00:08:17", "start": "00:08:11", "text": "upside. But, we know from a seasonality"}, {"end": "00:08:19", "start": "00:08:16", "text": "perspective, if you still believe in it,"}, {"end": "00:08:20", "start": "00:08:17", "text": "remember, seasonality works like 70% of"}, {"end": "00:08:22", "start": "00:08:19", "text": "the time. I've never promised it's going"}, {"end": "00:08:24", "start": "00:08:20", "text": "to work every time, but from a"}, {"end": "00:08:30", "start": "00:08:22", "text": "seasonality perspective, if you look at"}, {"end": "00:08:34", "start": "00:08:24", "text": "the 10-year Treasury yield in 2026 and"}, {"end": "00:08:36", "start": "00:08:30", "text": "2018 and 2022, historically, it it sort"}, {"end": "00:08:39", "start": "00:08:34", "text": "of finds a top in the October to"}, {"end": "00:08:43", "start": "00:08:36", "text": "November time frame. And so what happens"}, {"end": "00:08:47", "start": "00:08:39", "text": "if if the 10-year drops into late 2026"}, {"end": "00:08:49", "start": "00:08:43", "text": "like it dropped into 2022 and 2018, then"}, {"end": "00:08:52", "start": "00:08:47", "text": "is it not possible that Bitcoin finds"}, {"end": "00:08:56", "start": "00:08:49", "text": "that Q4 weakness all the same that it it"}, {"end": "00:08:59", "start": "00:08:52", "text": "finds it just when people think that it"}, {"end": "00:09:00", "start": "00:08:56", "text": "can't? So I think people should be aware"}, {"end": "00:09:02", "start": "00:08:59", "text": "because it's all related because if you"}, {"end": "00:09:05", "start": "00:09:00", "text": "look at commodities, if you look at like"}, {"end": "00:09:08", "start": "00:09:02", "text": "gold and silver, they are opposite. they"}, {"end": "00:09:11", "start": "00:09:05", "text": "tend to bottom earlier, right? If you"}, {"end": "00:09:13", "start": "00:09:08", "text": "look at at 2022,"}, {"end": "00:09:15", "start": "00:09:11", "text": "gold bottomed in September, October,"}, {"end": "00:09:19", "start": "00:09:13", "text": "whereas Bitcoin didn't bottom until"}, {"end": "00:09:23", "start": "00:09:15", "text": "November. And if you look at 2018,"}, {"end": "00:09:25", "start": "00:09:19", "text": "gold bottomed in in like August, but"}, {"end": "00:09:29", "start": "00:09:23", "text": "Bitcoin didn't bottom until December."}, {"end": "00:09:32", "start": "00:09:25", "text": "So, what you'll notice is that gold"}, {"end": "00:09:34", "start": "00:09:29", "text": "tends to bottom, right? So if here if"}, {"end": "00:09:39", "start": "00:09:32", "text": "you look at the the orange line gold"}, {"end": "00:09:40", "start": "00:09:34", "text": "bottoms around the time that yields top"}, {"end": "00:09:42", "start": "00:09:39", "text": "you see that in 2018 in midterm years"}, {"end": "00:09:45", "start": "00:09:40", "text": "right you see 2018 gold bottoms around"}, {"end": "00:09:49", "start": "00:09:42", "text": "the time that yields top you can see"}, {"end": "00:09:51", "start": "00:09:45", "text": "that in 2018 and in 2022 you can see"}, {"end": "00:09:56", "start": "00:09:49", "text": "something similar right in the sense"}, {"end": "00:09:58", "start": "00:09:51", "text": "that uh gold was bottoming in October"}, {"end": "00:10:00", "start": "00:09:56", "text": "September October here of 2022 and"}, {"end": "00:10:01", "start": "00:09:58", "text": "around the same time the 10-year was"}, {"end": "00:10:08", "start": "00:10:00", "text": "topping"}, {"end": "00:10:11", "start": "00:10:01", "text": "So, gold is likely much closer to a low"}, {"end": "00:10:14", "start": "00:10:08", "text": "than Bitcoin is if Bitcoin accepts below"}, {"end": "00:10:18", "start": "00:10:11", "text": "the range low. Now, when you look at"}, {"end": "00:10:20", "start": "00:10:14", "text": "Bitcoin divided by gold,"}, {"end": "00:10:23", "start": "00:10:18", "text": "what you'll see is that Bitcoin has"}, {"end": "00:10:26", "start": "00:10:20", "text": "outperformed gold over the last several"}, {"end": "00:10:28", "start": "00:10:23", "text": "months, right? It has. And I I'm not"}, {"end": "00:10:33", "start": "00:10:26", "text": "going to pretend like it hasn't. It has."}, {"end": "00:10:37", "start": "00:10:28", "text": "But there's an argument to be made that"}, {"end": "00:10:39", "start": "00:10:33", "text": "so is just because it's outperformed"}, {"end": "00:10:41", "start": "00:10:37", "text": "does that mean it can't go to the range"}, {"end": "00:10:43", "start": "00:10:39", "text": "lows right like it because I still think"}, {"end": "00:10:46", "start": "00:10:41", "text": "it probably will at some point and I"}, {"end": "00:10:49", "start": "00:10:43", "text": "think there's an argument here that what"}, {"end": "00:10:51", "start": "00:10:46", "text": "if the Bitcoin gold valuation is just"}, {"end": "00:10:53", "start": "00:10:49", "text": "simply in this channel and then it's"}, {"end": "00:10:55", "start": "00:10:51", "text": "about to come back here break down to"}, {"end": "00:10:58", "start": "00:10:53", "text": "the lows and form a low and then start"}, {"end": "00:11:00", "start": "00:10:55", "text": "to head back up you know and I I look at"}, {"end": "00:11:03", "start": "00:10:58", "text": "this. And I don't think that that is"}, {"end": "00:11:06", "start": "00:11:00", "text": "such a crazy idea because if Bitcoin if"}, {"end": "00:11:08", "start": "00:11:03", "text": "gold bottoms around the time that yields"}, {"end": "00:11:11", "start": "00:11:06", "text": "top, but Bitcoin doesn't even start"}, {"end": "00:11:13", "start": "00:11:08", "text": "going down until around the time that"}, {"end": "00:11:15", "start": "00:11:11", "text": "yields top, then this could easily still"}, {"end": "00:11:18", "start": "00:11:13", "text": "play out."}, {"end": "00:11:20", "start": "00:11:15", "text": "It's just a matter of does Bitcoin"}, {"end": "00:11:23", "start": "00:11:18", "text": "accept below the range highs, and right"}, {"end": "00:11:23", "start": "00:11:20", "text": "now it is."}, {"end": "00:11:32", "start": "00:11:24", "text": "I'm not trying to get ahead of myself,"}, {"end": "00:11:34", "start": "00:11:26", "text": "but the entire move that"}, {"end": "00:11:37", "start": "00:11:32", "text": "sort of proved me wrong has been"}, {"end": "00:11:39", "start": "00:11:34", "text": "completely unwound"}, {"end": "00:11:43", "start": "00:11:37", "text": "completely."}, {"end": "00:11:46", "start": "00:11:39", "text": "You see, like the move and so at what"}, {"end": "00:11:48", "start": "00:11:43", "text": "point is this just a fake out, right? At"}, {"end": "00:11:52", "start": "00:11:46", "text": "what point is it a fake out? Because in"}, {"end": "00:11:55", "start": "00:11:48", "text": "a in a similar sense in 20 in May, we"}, {"end": "00:11:58", "start": "00:11:52", "text": "had a similar move, right? where there"}, {"end": "00:12:00", "start": "00:11:55", "text": "was a um"}, {"end": "00:12:02", "start": "00:11:58", "text": "there was a a big move above a prior"}, {"end": "00:12:05", "start": "00:12:00", "text": "part of the range,"}, {"end": "00:12:09", "start": "00:12:02", "text": "right? And then you can see that that"}, {"end": "00:12:11", "start": "00:12:05", "text": "Bitcoin sort of found support around it,"}, {"end": "00:12:13", "start": "00:12:09", "text": "right? It it it it"}, {"end": "00:12:15", "start": "00:12:11", "text": "here you can kind of see like the the"}, {"end": "00:12:17", "start": "00:12:13", "text": "level, right? It it got above the prior"}, {"end": "00:12:19", "start": "00:12:15", "text": "levels, went up, came back down, back"}, {"end": "00:12:21", "start": "00:12:17", "text": "up, and then lower highs back down. And"}, {"end": "00:12:25", "start": "00:12:19", "text": "so I'm wondering like, are we looking at"}, {"end": "00:12:27", "start": "00:12:21", "text": "a very similar outcome here? Um,"}, {"end": "00:12:29", "start": "00:12:25", "text": "so I'm not going to edit it out, right?"}, {"end": "00:12:31", "start": "00:12:27", "text": "Certainly don't have time to do that."}, {"end": "00:12:34", "start": "00:12:29", "text": "Um,"}, {"end": "00:12:36", "start": "00:12:31", "text": "but I I I think that this deserves some"}, {"end": "00:12:39", "start": "00:12:34", "text": "attention. Like you we can't just ignore"}, {"end": "00:12:42", "start": "00:12:36", "text": "it because it's convenient to ignore it."}, {"end": "00:12:43", "start": "00:12:39", "text": "It looks like Bitcoin has is unwinding"}, {"end": "00:12:44", "start": "00:12:42", "text": "this. And I know some people are just"}, {"end": "00:12:46", "start": "00:12:43", "text": "going to going to say that this is"}, {"end": "00:12:47", "start": "00:12:44", "text": "coping and whatnot. And and maybe"}, {"end": "00:12:50", "start": "00:12:46", "text": "they're right. Right. Maybe they're"}, {"end": "00:12:54", "start": "00:12:47", "text": "right. But at the same time,"}, {"end": "00:12:56", "start": "00:12:50", "text": "is it smart to just completely ignore"}, {"end": "00:13:00", "start": "00:12:54", "text": "what's always happened in Q4 of midterm"}, {"end": "00:13:01", "start": "00:12:56", "text": "years just because Bitcoin put in a"}, {"end": "00:13:03", "start": "00:13:00", "text": "slightly higher high? Like, is it? I"}, {"end": "00:13:06", "start": "00:13:01", "text": "mean, I don't Maybe it is, maybe it's"}, {"end": "00:13:08", "start": "00:13:03", "text": "not. But"}, {"end": "00:13:11", "start": "00:13:06", "text": "if you're going to go with the chart and"}, {"end": "00:13:14", "start": "00:13:08", "text": "say price action is king,"}, {"end": "00:13:17", "start": "00:13:11", "text": "at what point at what point do we just"}, {"end": "00:13:19", "start": "00:13:14", "text": "simply say that in the same way Bitcoin"}, {"end": "00:13:22", "start": "00:13:17", "text": "could fake down to the downside, it can"}, {"end": "00:13:25", "start": "00:13:19", "text": "also fake to the upside. And if Bitcoin"}, {"end": "00:13:27", "start": "00:13:22", "text": "is accepting below,"}, {"end": "00:13:30", "start": "00:13:25", "text": "then I I would assume it would probably"}, {"end": "00:13:34", "start": "00:13:27", "text": "just head back down into Q4 just like it"}, {"end": "00:13:36", "start": "00:13:30", "text": "always does. Now, when you look at what"}, {"end": "00:13:39", "start": "00:13:34", "text": "Bitcoin normally does after a rate hike,"}, {"end": "00:13:40", "start": "00:13:36", "text": "right? So, Bitcoin's ROI after a rate"}, {"end": "00:13:44", "start": "00:13:39", "text": "hike."}, {"end": "00:13:46", "start": "00:13:40", "text": "Here's 2020. Here's 2015 and 2022 and"}, {"end": "00:13:51", "start": "00:13:44", "text": "then here's the average and then here's"}, {"end": "00:13:52", "start": "00:13:46", "text": "2026. So, right now 2026"}, {"end": "00:13:54", "start": "00:13:51", "text": "is actually sort of tracking what"}, {"end": "00:13:57", "start": "00:13:52", "text": "Bitcoin did in March of 2022 where it"}, {"end": "00:13:58", "start": "00:13:54", "text": "kind of pops up initially and then sort"}, {"end": "00:14:00", "start": "00:13:57", "text": "of fades. If you look at what Bitcoin"}, {"end": "00:14:03", "start": "00:13:58", "text": "did after the ro after the September"}, {"end": "00:14:04", "start": "00:14:00", "text": "rate hike in prior midterm years, you"}, {"end": "00:14:08", "start": "00:14:03", "text": "can see that in prior midterm years,"}, {"end": "00:14:11", "start": "00:14:04", "text": "Bitcoin did not break down for the first"}, {"end": "00:14:13", "start": "00:14:08", "text": "40 or 50 days. It kind of held on to"}, {"end": "00:14:14", "start": "00:14:11", "text": "where where Bitcoin was when that rate"}, {"end": "00:14:16", "start": "00:14:13", "text": "hike occurred in September of the"}, {"end": "00:14:19", "start": "00:14:14", "text": "midterm year and then it didn't really"}, {"end": "00:14:21", "start": "00:14:16", "text": "start to break down until later"}, {"end": "00:14:25", "start": "00:14:19", "text": "about a month or so, a little over a"}, {"end": "00:14:28", "start": "00:14:21", "text": "month after the rate hike even occurred."}, {"end": "00:14:31", "start": "00:14:25", "text": "So, I I think that"}, {"end": "00:14:33", "start": "00:14:28", "text": "it's relevant to consider. I mean, the"}, {"end": "00:14:35", "start": "00:14:31", "text": "year-to- date ROI of Bitcoin in 2026"}, {"end": "00:14:36", "start": "00:14:33", "text": "compared to the average of prior midterm"}, {"end": "00:14:41", "start": "00:14:35", "text": "years is well above where it normally"}, {"end": "00:14:42", "start": "00:14:36", "text": "is. And if you if you overlay like a"}, {"end": "00:14:45", "start": "00:14:41", "text": "standard deviation on the chart, you can"}, {"end": "00:14:49", "start": "00:14:42", "text": "see how far above it is, but"}, {"end": "00:14:51", "start": "00:14:45", "text": "it was also above it in May as well,"}, {"end": "00:14:53", "start": "00:14:49", "text": "and it it came back into that into that"}, {"end": "00:14:56", "start": "00:14:51", "text": "range. So, I just want people to put it"}, {"end": "00:14:57", "start": "00:14:53", "text": "on their radar. Um, and I', as I've"}, {"end": "00:15:00", "start": "00:14:56", "text": "said, I mean, I can't I can't completely"}, {"end": "00:15:02", "start": "00:14:57", "text": "just give up the Q4 thesis as we go into"}, {"end": "00:15:04", "start": "00:15:00", "text": "Q4 just because of a higher high. I can"}, {"end": "00:15:08", "start": "00:15:02", "text": "admit I'm wrong and and say, look, I"}, {"end": "00:15:11", "start": "00:15:04", "text": "didn't expect a higher high, but there's"}, {"end": "00:15:14", "start": "00:15:08", "text": "not there is a non-negligible chance"}, {"end": "00:15:16", "start": "00:15:11", "text": "that this is just the polar opposite of"}, {"end": "00:15:19", "start": "00:15:14", "text": "what happened in in the summer, right?"}, {"end": "00:15:21", "start": "00:15:16", "text": "where, you know, you just you go down,"}, {"end": "00:15:23", "start": "00:15:19", "text": "you make everyone believe it's going to"}, {"end": "00:15:25", "start": "00:15:21", "text": "go lower, and then you recover, and then"}, {"end": "00:15:26", "start": "00:15:23", "text": "in this case, you go up, you make"}, {"end": "00:15:28", "start": "00:15:25", "text": "everyone believe it's going to go"}, {"end": "00:15:31", "start": "00:15:26", "text": "higher, and and then you just sort of"}, {"end": "00:15:35", "start": "00:15:28", "text": "head back down. So,"}, {"end": "00:15:37", "start": "00:15:31", "text": "I think um when I when I sort of think"}, {"end": "00:15:39", "start": "00:15:35", "text": "about these markets and and and what's"}, {"end": "00:15:43", "start": "00:15:37", "text": "happening, I would say that gold is"}, {"end": "00:15:45", "start": "00:15:39", "text": "closer to a low. And if Bitcoin accepts"}, {"end": "00:15:48", "start": "00:15:43", "text": "below this here,"}, {"end": "00:15:50", "start": "00:15:45", "text": "if it accepts below, then gold is much"}, {"end": "00:15:51", "start": "00:15:48", "text": "closer to a low than Bitcoin is. And if"}, {"end": "00:15:53", "start": "00:15:50", "text": "that's the case, then the Bitcoin gold"}, {"end": "00:15:55", "start": "00:15:51", "text": "valuation will likely bleed back down to"}, {"end": "00:15:57", "start": "00:15:53", "text": "the range lows. And then what happens if"}, {"end": "00:16:00", "start": "00:15:55", "text": "we're just simply sitting here at the"}, {"end": "00:16:02", "start": "00:15:57", "text": "end of Q4 and we're all just like, well,"}, {"end": "00:16:05", "start": "00:16:00", "text": "it all just played out the same exact"}, {"end": "00:16:07", "start": "00:16:02", "text": "way that it always does. And and like"}, {"end": "00:16:08", "start": "00:16:05", "text": "every other midterm year, there's always"}, {"end": "00:16:11", "start": "00:16:07", "text": "a curveball that's thrown your way,"}, {"end": "00:16:12", "start": "00:16:08", "text": "right? Last cycle it was FTX, right? A"}, {"end": "00:16:14", "start": "00:16:11", "text": "lot of people were thinking that last"}, {"end": "00:16:17", "start": "00:16:12", "text": "cycle the summer low was also the low"}, {"end": "00:16:18", "start": "00:16:14", "text": "and then FTX occurred. And in 2018 a lot"}, {"end": "00:16:20", "start": "00:16:17", "text": "of people thought that this was the low."}, {"end": "00:16:23", "start": "00:16:18", "text": "I was one of them in the summer and then"}, {"end": "00:16:25", "start": "00:16:20", "text": "and then we had the the 50% drop at the"}, {"end": "00:16:29", "start": "00:16:23", "text": "end of the year. So"}, {"end": "00:16:30", "start": "00:16:25", "text": "it's not Q4 is not over until Q4 is"}, {"end": "00:16:32", "start": "00:16:29", "text": "over, right? Like we cannot make"}, {"end": "00:16:34", "start": "00:16:30", "text": "proclamations as to what awaits us for"}, {"end": "00:16:37", "start": "00:16:32", "text": "the rest of Q4 until we actually through"}, {"end": "00:16:39", "start": "00:16:34", "text": "Q4. We just simply don't know. So"}, {"end": "00:16:41", "start": "00:16:37", "text": "perhaps we should all be a little less"}, {"end": "00:16:43", "start": "00:16:39", "text": "deterministic about things. This is a"}, {"end": "00:16:45", "start": "00:16:41", "text": "difficult market, right? It is a"}, {"end": "00:16:47", "start": "00:16:43", "text": "difficult market. And as I've said"}, {"end": "00:16:50", "start": "00:16:45", "text": "before, you know, one of the charts to"}, {"end": "00:16:54", "start": "00:16:47", "text": "keep in mind is the silver chart from"}, {"end": "00:16:55", "start": "00:16:50", "text": "its rally back in the 2000s where in"}, {"end": "00:16:59", "start": "00:16:54", "text": "2011"}, {"end": "00:17:01", "start": "00:16:55", "text": "it had a nice it had a nice top in 2011"}, {"end": "00:17:04", "start": "00:16:59", "text": "and then afterwards there was this range"}, {"end": "00:17:07", "start": "00:17:01", "text": "that silver was in, right? There was"}, {"end": "00:17:10", "start": "00:17:04", "text": "this range"}, {"end": "00:17:12", "start": "00:17:07", "text": "and it had this massive fake out to the"}, {"end": "00:17:14", "start": "00:17:10", "text": "upside that probably convinced everyone"}, {"end": "00:17:15", "start": "00:17:12", "text": "that the bull market was back and"}, {"end": "00:17:17", "start": "00:17:14", "text": "instead we came back down. And that was"}, {"end": "00:17:19", "start": "00:17:15", "text": "why I was saying, you know what, if this"}, {"end": "00:17:21", "start": "00:17:17", "text": "is like the February low, this is the"}, {"end": "00:17:22", "start": "00:17:19", "text": "summer low and then this is the Q4 low."}, {"end": "00:17:24", "start": "00:17:21", "text": "Hopefully, this is not what happens,"}, {"end": "00:17:27", "start": "00:17:22", "text": "right? Where it just goes back up, sets"}, {"end": "00:17:29", "start": "00:17:24", "text": "a lower high, and goes down. But this is"}, {"end": "00:17:32", "start": "00:17:27", "text": "this is a a way to sort of think about"}, {"end": "00:17:34", "start": "00:17:29", "text": "the market as to how you can still have"}, {"end": "00:17:36", "start": "00:17:32", "text": "like timebased capitulation, right?"}, {"end": "00:17:38", "start": "00:17:34", "text": "where you go down, you go back up, you"}, {"end": "00:17:40", "start": "00:17:36", "text": "go down, you go back up, you go down,"}, {"end": "00:17:42", "start": "00:17:38", "text": "and it was a higher low, and then you go"}, {"end": "00:17:45", "start": "00:17:40", "text": "back up. And this would be kind of the"}, {"end": "00:17:47", "start": "00:17:42", "text": "scarier thing that I I I I hope is not"}, {"end": "00:17:51", "start": "00:17:45", "text": "what happens because if we just go back"}, {"end": "00:17:53", "start": "00:17:47", "text": "down to 60 and then go back up, um I"}, {"end": "00:17:56", "start": "00:17:51", "text": "just wonder would we have the the juice"}, {"end": "00:17:58", "start": "00:17:53", "text": "to get through at that point? Because"}, {"end": "00:18:00", "start": "00:17:56", "text": "from a technical perspective, breaking"}, {"end": "00:18:02", "start": "00:17:58", "text": "through like the 50WE and putting in a"}, {"end": "00:18:06", "start": "00:18:00", "text": "higher high, there's a lot of people"}, {"end": "00:18:08", "start": "00:18:02", "text": "bowled up now. If they get wrecked,"}, {"end": "00:18:10", "start": "00:18:06", "text": "are they going to get are they going to"}, {"end": "00:18:13", "start": "00:18:08", "text": "have as much confidence in the next"}, {"end": "00:18:15", "start": "00:18:10", "text": "move? I mean, the obvious move for why"}, {"end": "00:18:16", "start": "00:18:13", "text": "Bitcoin would go back up again after Q4"}, {"end": "00:18:20", "start": "00:18:15", "text": "would just simply be because the"}, {"end": "00:18:22", "start": "00:18:16", "text": "four-year cycle uh the four-year cycle"}, {"end": "00:18:24", "start": "00:18:20", "text": "uh theory then comes in and people sort"}, {"end": "00:18:27", "start": "00:18:22", "text": "of step in, defend that idea. It goes"}, {"end": "00:18:30", "start": "00:18:24", "text": "back up and then hopefully at that point"}, {"end": "00:18:35", "start": "00:18:27", "text": "we can we can go higher. to me. I mean,"}, {"end": "00:18:37", "start": "00:18:30", "text": "either either you get a a um a drop back"}, {"end": "00:18:40", "start": "00:18:35", "text": "down to at least the bottom of the range"}, {"end": "00:18:42", "start": "00:18:37", "text": "or this is or Bitcoin closes right back"}, {"end": "00:18:44", "start": "00:18:40", "text": "above it and we head higher. I don't"}, {"end": "00:18:46", "start": "00:18:42", "text": "think there's a lot of in between. I"}, {"end": "00:18:48", "start": "00:18:44", "text": "think that if this is a fake out, it's"}, {"end": "00:18:51", "start": "00:18:46", "text": "going to wreck a lot of people on the"}, {"end": "00:18:52", "start": "00:18:48", "text": "way back down. So, that's why I'm saying"}, {"end": "00:18:55", "start": "00:18:51", "text": "like look like be a student of the"}, {"end": "00:18:58", "start": "00:18:52", "text": "market and and and just accept it,"}, {"end": "00:19:01", "start": "00:18:55", "text": "right? If it accepts below here, then Q4"}, {"end": "00:19:03", "start": "00:18:58", "text": "2026 is going to be what it always was."}, {"end": "00:19:06", "start": "00:19:01", "text": "It's just that the market had a way of"}, {"end": "00:19:09", "start": "00:19:03", "text": "convincing everyone that it wasn't. So,"}, {"end": "00:19:11", "start": "00:19:06", "text": "just something to consider. Um,"}, {"end": "00:19:14", "start": "00:19:09", "text": "uh, that'll wrap it up for me. I'm going"}, {"end": "00:19:15", "start": "00:19:11", "text": "to be heading out of town here. So, uh,"}, {"end": "00:19:17", "start": "00:19:14", "text": "don't expect a lot of updates from me"}, {"end": "00:19:19", "start": "00:19:15", "text": "this weekend. I don't know what"}, {"end": "00:19:20", "start": "00:19:17", "text": "Bitcoin's going to do. Normally, when"}, {"end": "00:19:22", "start": "00:19:19", "text": "you start to see these breakdowns, the"}, {"end": "00:19:24", "start": "00:19:20", "text": "bulls will step in at some point and try"}, {"end": "00:19:27", "start": "00:19:22", "text": "and defend it. But as it stands right"}, {"end": "00:19:30", "start": "00:19:24", "text": "now, like this doesn't look great."}, {"end": "00:19:32", "start": "00:19:27", "text": "It doesn't it just looks like it this"}, {"end": "00:19:34", "start": "00:19:30", "text": "looks like a way to just simply trap"}, {"end": "00:19:36", "start": "00:19:32", "text": "breakout traders just like it was a way"}, {"end": "00:19:39", "start": "00:19:34", "text": "to trap breakout traders to the"}, {"end": "00:19:41", "start": "00:19:36", "text": "downside, you know? And this is why the"}, {"end": "00:19:43", "start": "00:19:39", "text": "DCA strategy is usually better because"}, {"end": "00:19:45", "start": "00:19:41", "text": "it you don't have to constantly worry"}, {"end": "00:19:46", "start": "00:19:43", "text": "about what this is doing. And sometimes"}, {"end": "00:19:48", "start": "00:19:45", "text": "I just wonder I'm like, am I just"}, {"end": "00:19:50", "start": "00:19:46", "text": "sitting here talking about the price of"}, {"end": "00:19:51", "start": "00:19:48", "text": "Bitcoin for years and years and years"}, {"end": "00:19:54", "start": "00:19:50", "text": "and years and it just hasn't done a"}, {"end": "00:19:56", "start": "00:19:51", "text": "thing, right? I mean, and you value it"}, {"end": "00:19:58", "start": "00:19:54", "text": "against the S&P or against gold, it"}, {"end": "00:20:01", "start": "00:19:56", "text": "hasn't anything in five years."}, {"end": "00:20:04", "start": "00:19:58", "text": "So,"}, {"end": "00:20:07", "start": "00:20:01", "text": "be open-minded because this here could"}, {"end": "00:20:09", "start": "00:20:04", "text": "still open us up to the Q4 weakness that"}, {"end": "00:20:10", "start": "00:20:07", "text": "we've talked about previously. If you"}, {"end": "00:20:12", "start": "00:20:09", "text": "guys like the content, make sure you"}, {"end": "00:20:13", "start": "00:20:10", "text": "subscribe, give the video a thumbs up."}, {"end": "00:20:14", "start": "00:20:12", "text": "I'll try to be a little bit more active"}, {"end": "00:20:16", "start": "00:20:13", "text": "on the on the premium side this weekend"}, {"end": "00:20:17", "start": "00:20:14", "text": "as much as I can be, although it is"}, {"end": "00:20:18", "start": "00:20:16", "text": "going to be difficult because I'm not"}, {"end": "00:20:19", "start": "00:20:17", "text": "going to be here. But, make sure you"}, {"end": "00:20:21", "start": "00:20:18", "text": "guys check that out. Links in the"}, {"end": "00:20:23", "start": "00:20:19", "text": "description below. and also get your"}, {"end": "00:20:24", "start": "00:20:21", "text": "ticket to the ITC conference. A lot of"}, {"end": "00:20:26", "start": "00:20:23", "text": "great discussions to have at the"}, {"end": "00:20:27", "start": "00:20:24", "text": "conference. We can talk more about this."}, {"end": "00:20:30", "start": "00:20:26", "text": "Thank you guys for tuning in. I'll see"}, {"end": "00:20:30", "start": "00:20:27", "text": "you next time. Bye."}]

[{"start": "00:00:02", "end": "00:00:07", "text": "Welcome back to Cryptos are Us. I'm"}, {"start": "00:00:05", "end": "00:00:11", "text": "George."}, {"start": "00:00:07", "end": "00:00:16", "text": "We're all George. So, what happened"}, {"start": "00:00:11", "end": "00:00:19", "text": "yesterday? It looked pretty bad."}, {"start": "00:00:16", "end": "00:00:23", "text": "Red and then we flipped back above."}, {"start": "00:00:19", "end": "00:00:26", "text": "Bitcoin did just get flushed."}, {"start": "00:00:23", "end": "00:00:28", "text": "However, the whales are buying. And what"}, {"start": "00:00:26", "end": "00:00:30", "text": "does that mean? Let's talk about it."}, {"start": "00:00:28", "end": "00:00:33", "text": "Let's talk about everything else that's"}, {"start": "00:00:30", "end": "00:00:36", "text": "going on today. And I got something very"}, {"start": "00:00:33", "end": "00:00:40", "text": "special to show you guys. The debut, the"}, {"start": "00:00:36", "end": "00:00:42", "text": "trailer debut of Front Line season 2."}, {"start": "00:00:40", "end": "00:00:45", "text": "I've been working very, very, very hard"}, {"start": "00:00:42", "end": "00:00:50", "text": "at this. So, I'm going to show that"}, {"start": "00:00:45", "end": "00:00:50", "text": "during Q&A. All right."}, {"start": "00:00:50", "end": "00:00:58", "text": "Right now, we're starting the day at"}, {"start": "00:00:54", "end": "00:01:00", "text": "819, like under 82,000. Yesterday,"}, {"start": "00:00:58", "end": "00:01:04", "text": "obviously, things got a little a little"}, {"start": "00:01:00", "end": "00:01:08", "text": "scary, a little red, and we dropped down"}, {"start": "00:01:04", "end": "00:01:10", "text": "again, this time to a little bit below"}, {"start": "00:01:08", "end": "00:01:13", "text": "80,000. This is a little bit below than"}, {"start": "00:01:10", "end": "00:01:16", "text": "the prior drop. Okay. And then we again"}, {"start": "00:01:13", "end": "00:01:19", "text": "flushed out a whole bunch of people like"}, {"start": "00:01:16", "end": "00:01:22", "text": "$800 million worth. And then we"}, {"start": "00:01:19", "end": "00:01:25", "text": "recovered and actually we wiped out some"}, {"start": "00:01:22", "end": "00:01:28", "text": "of the shorts on the upside. overall"}, {"start": "00:01:25", "end": "00:01:32", "text": "when zooming out, [snorts] you'll see"}, {"start": "00:01:28", "end": "00:01:34", "text": "that we're just holding right now. Okay."}, {"start": "00:01:32", "end": "00:01:38", "text": "And that's okay. Even though we dipped"}, {"start": "00:01:34", "end": "00:01:39", "text": "down a little bit, you could see overall"}, {"start": "00:01:38", "end": "00:01:43", "text": "still going sideways, but it's good to"}, {"start": "00:01:39", "end": "00:01:46", "text": "see some of the alts did recover quite"}, {"start": "00:01:43", "end": "00:01:50", "text": "nicely yesterday. Like ETH, for example,"}, {"start": "00:01:46", "end": "00:01:52", "text": "up about 5% today and Soul up about"}, {"start": "00:01:50", "end": "00:01:56", "text": "three, three and a half. And like Sue's"}, {"start": "00:01:52", "end": "00:01:59", "text": "up like seven. XRP's up a couple. So, a"}, {"start": "00:01:56", "end": "00:02:03", "text": "little recovery. Okay. So, we'll take"}, {"start": "00:01:59", "end": "00:02:06", "text": "that rather than see things go down uh"}, {"start": "00:02:03", "end": "00:02:10", "text": "even more. So, today Dow and S&P's"}, {"start": "00:02:06", "end": "00:02:13", "text": "green, NASDAQ starting red. We'll see."}, {"start": "00:02:10", "end": "00:02:16", "text": "We'll see if things turn fully green"}, {"start": "00:02:13", "end": "00:02:19", "text": "today. Yesterday, of course, again, why"}, {"start": "00:02:16", "end": "00:02:21", "text": "did it turn red for the last few days or"}, {"start": "00:02:19", "end": "00:02:24", "text": "last week? basically fears the same"}, {"start": "00:02:21", "end": "00:02:27", "text": "fears about inflation, the economy,"}, {"start": "00:02:24", "end": "00:02:30", "text": "right? About the war, about all these"}, {"start": "00:02:27", "end": "00:02:32", "text": "things that's just piling on. And of"}, {"start": "00:02:30", "end": "00:02:35", "text": "course, we got some bad inflation"}, {"start": "00:02:32", "end": "00:02:39", "text": "readings showing inflation CPI and PPI"}, {"start": "00:02:35", "end": "00:02:41", "text": "both coming up higher than expectations."}, {"start": "00:02:39", "end": "00:02:43", "text": "But you know what?"}, {"start": "00:02:41", "end": "00:02:47", "text": "Markets,"}, {"start": "00:02:43", "end": "00:02:48", "text": "they tend to overreact."}, {"start": "00:02:47", "end": "00:02:51", "text": "like there's like oh everyone's selling"}, {"start": "00:02:48", "end": "00:02:53", "text": "off and then they come to a sense like"}, {"start": "00:02:51", "end": "00:02:56", "text": "maybe I should not be selling off maybe"}, {"start": "00:02:53", "end": "00:02:59", "text": "I should be taking the opportunity to"}, {"start": "00:02:56", "end": "00:03:01", "text": "buy and that's looks like that's exactly"}, {"start": "00:02:59", "end": "00:03:03", "text": "what happened yesterday. Uh something"}, {"start": "00:03:01", "end": "00:03:06", "text": "that has nothing to do with crypto but"}, {"start": "00:03:03", "end": "00:03:08", "text": "this came out the debut of the new Tesla"}, {"start": "00:03:06", "end": "00:03:11", "text": "Roadster."}, {"start": "00:03:08", "end": "00:03:15", "text": "And I don't know if you guys saw it"}, {"start": "00:03:11", "end": "00:03:17", "text": "yesterday. If you didn't,"}, {"start": "00:03:15", "end": "00:03:19", "text": "this is this is what a I'm just going to"}, {"start": "00:03:17", "end": "00:03:22", "text": "play it for you guys because it's it's"}, {"start": "00:03:19", "end": "00:03:26", "text": "too amazing not to witness this. She"}, {"start": "00:03:22", "end": "00:03:26", "text": "finally did it."}, {"start": "00:03:27", "end": "00:03:29", "text": "[music]"}, {"start": "00:03:32", "end": "00:03:34", "text": "[music]"}, {"start": "00:03:35", "end": "00:03:41", "text": "Ready? Go upside down and lift yourself."}, {"start": "00:03:40", "end": "00:03:46", "text": "[music]"}, {"start": "00:03:41", "end": "00:03:48", "text": "And it can flip over a part like that."}, {"start": "00:03:46", "end": "00:03:52", "text": "Looks like an AI [music] or it's on"}, {"start": "00:03:48", "end": "00:03:52", "text": "screen, but"}, {"start": "00:03:53", "end": "00:03:59", "text": "it is not"}, {"start": "00:03:57", "end": "00:03:59", "text": "[music]"}, {"start": "00:03:59", "end": "00:04:02", "text": "0 to 60.8"}, {"start": "00:04:01", "end": "00:04:05", "text": "[music]"}, {"start": "00:04:02", "end": "00:04:05", "text": "seconds."}, {"start": "00:04:05", "end": "00:04:12", "text": "You know how G Wagon Gwagon 260?"}, {"start": "00:04:10", "end": "00:04:12", "text": "[music]"}, {"start": "00:04:15", "end": "00:04:18", "text": "That's just wild. Uh I don't know how"}, {"start": "00:04:17", "end": "00:04:21", "text": "that's ever going to get approved. I"}, {"start": "00:04:18", "end": "00:04:24", "text": "don't think it will. You're taking He's"}, {"start": "00:04:21", "end": "00:04:26", "text": "taking orders obviously, but I just"}, {"start": "00:04:24", "end": "00:04:30", "text": "don't see how that could ever ever ever"}, {"start": "00:04:26", "end": "00:04:30", "text": "ever make"}, {"start": "00:04:30", "end": "00:04:36", "text": "uh make it out on the road. But we'll"}, {"start": "00:04:34", "end": "00:04:40", "text": "see. Is the music too loud? Oh well, I'm"}, {"start": "00:04:36", "end": "00:04:41", "text": "not g not go play that again. So, that"}, {"start": "00:04:40", "end": "00:04:45", "text": "happened yesterday in case you missed"}, {"start": "00:04:41", "end": "00:04:45", "text": "it. Um,"}, {"start": "00:04:47", "end": "00:04:52", "text": "going back, [laughter]"}, {"start": "00:04:50", "end": "00:04:55", "text": "I don't know how you recover from that."}, {"start": "00:04:52", "end": "00:04:57", "text": "Uh, Trump says he won't use nuclear"}, {"start": "00:04:55", "end": "00:05:00", "text": "weapons or send ground troops to Iran."}, {"start": "00:04:57", "end": "00:05:02", "text": "So, that's good. Before midterms."}, {"start": "00:05:00", "end": "00:05:04", "text": "Okay. Obviously, we're not going to use"}, {"start": "00:05:02", "end": "00:05:07", "text": "no nuclear weapons. that would be a"}, {"start": "00:05:04", "end": "00:05:10", "text": "disaster. Um, but we were there were"}, {"start": "00:05:07", "end": "00:05:14", "text": "rumors about like how we were plan on"}, {"start": "00:05:10", "end": "00:05:18", "text": "using some huge bomb like some 20,000"}, {"start": "00:05:14", "end": "00:05:19", "text": "pound bomb. Um, don't know if that is"}, {"start": "00:05:18", "end": "00:05:21", "text": "going to be used because that's not"}, {"start": "00:05:19", "end": "00:05:24", "text": "technically nuclear and sending ground"}, {"start": "00:05:21", "end": "00:05:25", "text": "troops to Iran. He does not want to do"}, {"start": "00:05:24", "end": "00:05:28", "text": "that. That's going to prolong the war."}, {"start": "00:05:25", "end": "00:05:31", "text": "No one wants that. Okay. It's one thing"}, {"start": "00:05:28", "end": "00:05:34", "text": "to be bombing from our,"}, {"start": "00:05:31", "end": "00:05:36", "text": "you know, battleships and aircraft"}, {"start": "00:05:34", "end": "00:05:39", "text": "carriers and and drones and stuff like"}, {"start": "00:05:36", "end": "00:05:44", "text": "that. It's another to have more troops"}, {"start": "00:05:39", "end": "00:05:45", "text": "and send them in. So hopefully that is"}, {"start": "00:05:44", "end": "00:05:47", "text": "not going to happen. The war is not"}, {"start": "00:05:45", "end": "00:05:49", "text": "going to continue. But one of the things"}, {"start": "00:05:47", "end": "00:05:51", "text": "obviously that's holding down markets,"}, {"start": "00:05:49", "end": "00:05:53", "text": "people just want to see this end. and"}, {"start": "00:05:51", "end": "00:05:58", "text": "oil is elevated and inflation is"}, {"start": "00:05:53", "end": "00:05:58", "text": "elevated all due to this."}, {"start": "00:06:00", "end": "00:06:04", "text": "Yeah. Oh, by the way, that demo was not"}, {"start": "00:06:01", "end": "00:06:06", "text": "AI. They showed it in front of a crowd."}, {"start": "00:06:04", "end": "00:06:08", "text": "People were there. So, unless you say"}, {"start": "00:06:06", "end": "00:06:11", "text": "the whole demonstration and Elon on"}, {"start": "00:06:08", "end": "00:06:14", "text": "stage and everyone on stage AI. No, it"}, {"start": "00:06:11", "end": "00:06:15", "text": "was it was [laughter] real."}, {"start": "00:06:14", "end": "00:06:18", "text": "I'm sure they practiced it a thousand"}, {"start": "00:06:15", "end": "00:06:22", "text": "times. I mean, come on. The guy has"}, {"start": "00:06:18", "end": "00:06:26", "text": "Space X. Okay. If he could send"}, {"start": "00:06:22", "end": "00:06:29", "text": "rockets up into space and have them land"}, {"start": "00:06:26", "end": "00:06:32", "text": "perfectly with chopsticks or in the"}, {"start": "00:06:29", "end": "00:06:34", "text": "ocean, he can make a car do a 360 flip."}, {"start": "00:06:32", "end": "00:06:37", "text": "Okay. I mean, come on. That's not"}, {"start": "00:06:34", "end": "00:06:40", "text": "unreasonable for someone that is running"}, {"start": "00:06:37", "end": "00:06:42", "text": "SpaceX."}, {"start": "00:06:40", "end": "00:06:44", "text": "Um,"}, {"start": "00:06:42", "end": "00:06:47", "text": "yeah."}, {"start": "00:06:44", "end": "00:06:50", "text": "What else? uh Fed"}, {"start": "00:06:47", "end": "00:06:53", "text": "War said, you know, he wants to hold. He"}, {"start": "00:06:50", "end": "00:06:55", "text": "wants to hold. There's been a global"}, {"start": "00:06:53", "end": "00:06:58", "text": "tightening, you know, to try to curb"}, {"start": "00:06:55", "end": "00:07:00", "text": "inflation. He'd rather not raise rates"}, {"start": "00:06:58", "end": "00:07:04", "text": "to curb inflation. He may be forced, the"}, {"start": "00:07:00", "end": "00:07:06", "text": "whole governor uh board may be forced,"}, {"start": "00:07:04", "end": "00:07:08", "text": "but"}, {"start": "00:07:06", "end": "00:07:12", "text": "we'll see. We will see. We will have"}, {"start": "00:07:08", "end": "00:07:15", "text": "FLMC meeting this this month. We're not"}, {"start": "00:07:12", "end": "00:07:18", "text": "going to get a hike. December will be"}, {"start": "00:07:15", "end": "00:07:20", "text": "the one"}, {"start": "00:07:18", "end": "00:07:22", "text": "and we will see what happens then. And"}, {"start": "00:07:20", "end": "00:07:24", "text": "there's a good chance. I don't know if"}, {"start": "00:07:22", "end": "00:07:26", "text": "there's a good chance. They already said"}, {"start": "00:07:24", "end": "00:07:28", "text": "that there were was going to be one. So"}, {"start": "00:07:26", "end": "00:07:31", "text": "maybe"}, {"start": "00:07:28", "end": "00:07:33", "text": "maybe not. I don't know."}, {"start": "00:07:31", "end": "00:07:36", "text": "But I think by now the the market has"}, {"start": "00:07:33", "end": "00:07:38", "text": "priced it in already. So even we do"}, {"start": "00:07:36", "end": "00:07:40", "text": "doesn't really matter at this point."}, {"start": "00:07:38", "end": "00:07:42", "text": "It's all about if the markets have"}, {"start": "00:07:40", "end": "00:07:43", "text": "priced in an event. And I'm pretty sure"}, {"start": "00:07:42", "end": "00:07:45", "text": "they have they have priced that in"}, {"start": "00:07:43", "end": "00:07:51", "text": "already."}, {"start": "00:07:45", "end": "00:07:53", "text": "All right. Uh as for ETF inflow outflow"}, {"start": "00:07:51", "end": "00:07:55", "text": "plus 5 million we pulled back into the"}, {"start": "00:07:53", "end": "00:07:58", "text": "green yesterday only for Bitcoin though."}, {"start": "00:07:55", "end": "00:08:00", "text": "ETH was pretty bad. Minus60 million"}, {"start": "00:07:58", "end": "00:08:02", "text": "minus 10 million for soul minus 4"}, {"start": "00:08:00", "end": "00:08:04", "text": "million for XRP."}, {"start": "00:08:02", "end": "00:08:09", "text": "Okay. But we did pull in a little bit of"}, {"start": "00:08:04", "end": "00:08:10", "text": "greed. So again, still a little rocky"}, {"start": "00:08:09", "end": "00:08:13", "text": "but"}, {"start": "00:08:10", "end": "00:08:15", "text": "net positive for last 90 days, for last"}, {"start": "00:08:13", "end": "00:08:20", "text": "30 days."}, {"start": "00:08:15", "end": "00:08:22", "text": "So overall still good. Obviously could"}, {"start": "00:08:20", "end": "00:08:24", "text": "be better."}, {"start": "00:08:22", "end": "00:08:26", "text": "Just got to wait for better conditions"}, {"start": "00:08:24", "end": "00:08:31", "text": "right leading up to midterms. Let's see"}, {"start": "00:08:26", "end": "00:08:33", "text": "if we can make a tremendous move. Uh"}, {"start": "00:08:31", "end": "00:08:36", "text": "there's some worry about this. MCSI"}, {"start": "00:08:33", "end": "00:08:39", "text": "approved rules that can reject strategy"}, {"start": "00:08:36", "end": "00:08:42", "text": "MetaPlanet from their indexes. And why"}, {"start": "00:08:39", "end": "00:08:44", "text": "is this bad? Because a lot of companies"}, {"start": "00:08:42", "end": "00:08:46", "text": "follow this,"}, {"start": "00:08:44", "end": "00:08:48", "text": "okay, for their funds, you know, like"}, {"start": "00:08:46", "end": "00:08:53", "text": "these ETFs and all these these funds"}, {"start": "00:08:48", "end": "00:08:57", "text": "that buy a lot of coins, no, not coins,"}, {"start": "00:08:53", "end": "00:08:59", "text": "stocks. Um so there's some worry about"}, {"start": "00:08:57", "end": "00:09:01", "text": "this and strategy and sailor has talked"}, {"start": "00:08:59", "end": "00:09:03", "text": "about and they've fought this you know"}, {"start": "00:09:01", "end": "00:09:06", "text": "they have presented their case that"}, {"start": "00:09:03", "end": "00:09:08", "text": "they're not just a treasury company they"}, {"start": "00:09:06", "end": "00:09:11", "text": "do have other services that's what this"}, {"start": "00:09:08", "end": "00:09:13", "text": "rule is about to just excluding"}, {"start": "00:09:11", "end": "00:09:15", "text": "companies that are only treasury"}, {"start": "00:09:13", "end": "00:09:17", "text": "companies so strategy says that they"}, {"start": "00:09:15", "end": "00:09:20", "text": "have other things going on business"}, {"start": "00:09:17", "end": "00:09:23", "text": "business uh Bitcoin business"}, {"start": "00:09:20", "end": "00:09:28", "text": "intelligence and other stuff so we'll"}, {"start": "00:09:23", "end": "00:09:28", "text": "see if this happens."}, {"start": "00:09:28", "end": "00:09:32", "text": "They've been talking about this for a"}, {"start": "00:09:29", "end": "00:09:36", "text": "long time. A long, long time. So, I"}, {"start": "00:09:32", "end": "00:09:36", "text": "don't know. I don't know."}, {"start": "00:09:39", "end": "00:09:44", "text": "Now, as for what's happening now, whales"}, {"start": "00:09:42", "end": "00:09:46", "text": "are buying."}, {"start": "00:09:44", "end": "00:09:49", "text": "Generally speaking, whales, not every"}, {"start": "00:09:46", "end": "00:09:51", "text": "whale is super intelligent. Obviously,"}, {"start": "00:09:49", "end": "00:09:52", "text": "there are whales that get liquidated"}, {"start": "00:09:51", "end": "00:09:54", "text": "left and right. Like over the past few"}, {"start": "00:09:52", "end": "00:09:59", "text": "days, you saw more whales get"}, {"start": "00:09:54", "end": "00:10:01", "text": "liquidated. Whales are just humans. But"}, {"start": "00:09:59", "end": "00:10:03", "text": "collectively, if you're seeing a lot of"}, {"start": "00:10:01", "end": "00:10:06", "text": "them make the same moves, that kind of"}, {"start": "00:10:03", "end": "00:10:09", "text": "tells you they're all expecting"}, {"start": "00:10:06", "end": "00:10:12", "text": "something big, right? And that's exactly"}, {"start": "00:10:09", "end": "00:10:14", "text": "what's happening. If you look at it,"}, {"start": "00:10:12", "end": "00:10:17", "text": "whale wallets"}, {"start": "00:10:14", "end": "00:10:20", "text": "climbing and continues to climb since"}, {"start": "00:10:17", "end": "00:10:24", "text": "our bottom, since July when we were"}, {"start": "00:10:20", "end": "00:10:27", "text": "down, you know, the 60,000 mark, 588 or"}, {"start": "00:10:24", "end": "00:10:30", "text": "something like that. Since then, whales"}, {"start": "00:10:27", "end": "00:10:31", "text": "have been loading up more and more and"}, {"start": "00:10:30", "end": "00:10:34", "text": "more. So, so what does that tell you?"}, {"start": "00:10:31", "end": "00:10:37", "text": "Well, collectively,"}, {"start": "00:10:34", "end": "00:10:39", "text": "whales, including institutions and just"}, {"start": "00:10:37", "end": "00:10:41", "text": "any wallets that have a large amount of"}, {"start": "00:10:39", "end": "00:10:44", "text": "Bitcoin,"}, {"start": "00:10:41", "end": "00:10:46", "text": "they're expecting a great move. They're"}, {"start": "00:10:44", "end": "00:10:51", "text": "expecting us to continue forward and"}, {"start": "00:10:46", "end": "00:10:51", "text": "recover and form a new high."}, {"start": "00:10:51", "end": "00:10:54", "text": "So,"}, {"start": "00:10:53", "end": "00:10:57", "text": "overall,"}, {"start": "00:10:54", "end": "00:10:59", "text": "I agree and this is something that we"}, {"start": "00:10:57", "end": "00:11:01", "text": "should also do as retail investors,"}, {"start": "00:10:59", "end": "00:11:03", "text": "right? There's too much flip-flopping,"}, {"start": "00:11:01", "end": "00:11:05", "text": "too much FUD. A lot of people just get"}, {"start": "00:11:03", "end": "00:11:07", "text": "scared all the time. You got to watch"}, {"start": "00:11:05", "end": "00:11:11", "text": "what these big boys are doing, what the"}, {"start": "00:11:07", "end": "00:11:12", "text": "smart money is doing, and"}, {"start": "00:11:11", "end": "00:11:14", "text": "continue to hold on DCA. That's really"}, {"start": "00:11:12", "end": "00:11:18", "text": "the ultimate strategy. That's all you"}, {"start": "00:11:14", "end": "00:11:20", "text": "need to do really."}, {"start": "00:11:18", "end": "00:11:22", "text": "Yep."}, {"start": "00:11:20", "end": "00:11:26", "text": "Now,"}, {"start": "00:11:22", "end": "00:11:28", "text": "liquidations I did mention, right? We"}, {"start": "00:11:26", "end": "00:11:31", "text": "had like 800 million, something like"}, {"start": "00:11:28", "end": "00:11:33", "text": "that. Something crazy yesterday. And"}, {"start": "00:11:31", "end": "00:11:36", "text": "then when we came back above a little"}, {"start": "00:11:33", "end": "00:11:38", "text": "bit, we did crush a lot of shorts. Not"}, {"start": "00:11:36", "end": "00:11:41", "text": "nearly as much, but you can see 300"}, {"start": "00:11:38", "end": "00:11:44", "text": "million last 24 hours"}, {"start": "00:11:41", "end": "00:11:46", "text": "and most of that is on the short side."}, {"start": "00:11:44", "end": "00:11:49", "text": "So, you know, in market makers, they"}, {"start": "00:11:46", "end": "00:11:51", "text": "move stuff. They move levels pretty"}, {"start": "00:11:49", "end": "00:11:54", "text": "evenly. They're not biased towards long"}, {"start": "00:11:51", "end": "00:11:57", "text": "or short. they just want to clear out"}, {"start": "00:11:54", "end": "00:11:59", "text": "leverage and make their make their fees."}, {"start": "00:11:57", "end": "00:12:02", "text": "Um,"}, {"start": "00:11:59", "end": "00:12:05", "text": "but the good news is you could see there"}, {"start": "00:12:02", "end": "00:12:07", "text": "are a lot more levels to clear, right?"}, {"start": "00:12:05", "end": "00:12:10", "text": "There's a lot up here around the 83"}, {"start": "00:12:07", "end": "00:12:15", "text": "mark. And if we continue going all the"}, {"start": "00:12:10", "end": "00:12:18", "text": "way back to 87, a ton a ton of shorts"}, {"start": "00:12:15", "end": "00:12:20", "text": "waiting to be liquidated. They got us on"}, {"start": "00:12:18", "end": "00:12:22", "text": "the long side. You can see going down,"}, {"start": "00:12:20", "end": "00:12:26", "text": "we pretty much cleared out all levels."}, {"start": "00:12:22", "end": "00:12:29", "text": "And now we cleared out some to get back"}, {"start": "00:12:26", "end": "00:12:32", "text": "to where we are. And there's a lot more"}, {"start": "00:12:29", "end": "00:12:35", "text": "around the 83 mark and going up to like"}, {"start": "00:12:32", "end": "00:12:38", "text": "the 85 86 mark."}, {"start": "00:12:35", "end": "00:12:41", "text": "So that is something to look forward to."}, {"start": "00:12:38", "end": "00:12:43", "text": "And generally speaking, Bitcoin always"}, {"start": "00:12:41", "end": "00:12:46", "text": "moves towards"}, {"start": "00:12:43", "end": "00:12:48", "text": "uh the levels that are, you know, the"}, {"start": "00:12:46", "end": "00:12:53", "text": "the the denser levels to clear out"}, {"start": "00:12:48", "end": "00:12:53", "text": "basically short term."}, {"start": "00:12:53", "end": "00:12:59", "text": "All right."}, {"start": "00:12:56", "end": "00:13:01", "text": "What else? Willy Woo says, \"The best"}, {"start": "00:12:59", "end": "00:13:02", "text": "time to buy Bitcoin is when no one is"}, {"start": "00:13:01", "end": "00:13:04", "text": "interested in it. The best time to sell"}, {"start": "00:13:02", "end": "00:13:07", "text": "Bitcoin is when everyone engaged.\" Right"}, {"start": "00:13:04", "end": "00:13:12", "text": "now, Google searches"}, {"start": "00:13:07", "end": "00:13:15", "text": "dirt low. Very, very, very low."}, {"start": "00:13:12", "end": "00:13:18", "text": "Uh, so what does that mean? That means"}, {"start": "00:13:15", "end": "00:13:22", "text": "right now retail interest is very low."}, {"start": "00:13:18", "end": "00:13:27", "text": "It's not a bull market yet. Obviously,"}, {"start": "00:13:22", "end": "00:13:30", "text": "it's as low as the low point of 2023,"}, {"start": "00:13:27", "end": "00:13:33", "text": "2022, 2023. Think about that. Think"}, {"start": "00:13:30", "end": "00:13:37", "text": "about it."}, {"start": "00:13:33", "end": "00:13:40", "text": "People, most general retail people,"}, {"start": "00:13:37", "end": "00:13:42", "text": "general people walking around have no"}, {"start": "00:13:40", "end": "00:13:46", "text": "interest in Bitcoin."}, {"start": "00:13:42", "end": "00:13:51", "text": "It's as low as back in when when Bitcoin"}, {"start": "00:13:46", "end": "00:13:56", "text": "was 15,000 20,000 back in"}, {"start": "00:13:51", "end": "00:13:59", "text": "July or wherever in 2022 2023"}, {"start": "00:13:56", "end": "00:14:02", "text": "and that's sad with all the stuff that's"}, {"start": "00:13:59", "end": "00:14:06", "text": "going on around the world with inflation"}, {"start": "00:14:02", "end": "00:14:09", "text": "possibly like hyperinflation and"}, {"start": "00:14:06", "end": "00:14:12", "text": "financial institutions"}, {"start": "00:14:09", "end": "00:14:16", "text": "not having a good time poss possibility"}, {"start": "00:14:12", "end": "00:14:20", "text": "of some of them crashing and burning and"}, {"start": "00:14:16", "end": "00:14:22", "text": "everything with the war and elevated oil"}, {"start": "00:14:20", "end": "00:14:25", "text": "prices and everything. With all this"}, {"start": "00:14:22", "end": "00:14:26", "text": "going on and"}, {"start": "00:14:25", "end": "00:14:29", "text": "and there's many things I didn't even"}, {"start": "00:14:26", "end": "00:14:32", "text": "mention, right? You figure people get"}, {"start": "00:14:29", "end": "00:14:35", "text": "smarter, start looking at alternatives,"}, {"start": "00:14:32", "end": "00:14:38", "text": "start investing wisely, right? Bitcoin"}, {"start": "00:14:35", "end": "00:14:38", "text": "is"}, {"start": "00:14:39", "end": "00:14:45", "text": "unfortunately not on their minds, right?"}, {"start": "00:14:44", "end": "00:14:48", "text": "All right,"}, {"start": "00:14:45", "end": "00:14:50", "text": "last few things."}, {"start": "00:14:48", "end": "00:14:53", "text": "This is a long-term support for Bitcoin."}, {"start": "00:14:50", "end": "00:14:56", "text": "Sometimes we drop below it and then we"}, {"start": "00:14:53", "end": "00:14:59", "text": "recover and then we make a new high."}, {"start": "00:14:56", "end": "00:15:02", "text": "That's what we're what we're looking"}, {"start": "00:14:59", "end": "00:15:04", "text": "forward to. And obviously this time"}, {"start": "00:15:02", "end": "00:15:08", "text": "around if we could break the trend line"}, {"start": "00:15:04", "end": "00:15:13", "text": "on the upper side then you know what the"}, {"start": "00:15:08", "end": "00:15:18", "text": "sky's is the limit. 200 250 300 400,000"}, {"start": "00:15:13", "end": "00:15:21", "text": "the high of the this coming run"}, {"start": "00:15:18", "end": "00:15:24", "text": "it's anyone's guess but just look at the"}, {"start": "00:15:21", "end": "00:15:31", "text": "lows. The lows have been going up by 4x."}, {"start": "00:15:24", "end": "00:15:34", "text": "Okay, since 20 2018 to 2022 to 2025"}, {"start": "00:15:31", "end": "00:15:37", "text": "3 to 4x."}, {"start": "00:15:34", "end": "00:15:41", "text": "So think about it. The next bottom will"}, {"start": "00:15:37", "end": "00:15:44", "text": "put us around 180 to 240. So that's the"}, {"start": "00:15:41", "end": "00:15:47", "text": "next bottom. So then what where's the"}, {"start": "00:15:44", "end": "00:15:47", "text": "next top?"}, {"start": "00:15:49", "end": "00:15:55", "text": "Think about it."}, {"start": "00:15:51", "end": "00:15:59", "text": "Uh here's something else. Basically,"}, {"start": "00:15:55", "end": "00:16:01", "text": "we're getting out from the bottom."}, {"start": "00:15:59", "end": "00:16:03", "text": "There's a little like stale point before"}, {"start": "00:16:01", "end": "00:16:05", "text": "you start moving. And that's kind of"}, {"start": "00:16:03", "end": "00:16:08", "text": "where we are. Like kind of going"}, {"start": "00:16:05", "end": "00:16:12", "text": "sideways a little bit."}, {"start": "00:16:08", "end": "00:16:14", "text": "And then you just keep on going."}, {"start": "00:16:12", "end": "00:16:17", "text": "Keep on going."}, {"start": "00:16:14", "end": "00:16:21", "text": "All right."}, {"start": "00:16:17", "end": "00:16:21", "text": "Last few things."}, {"start": "00:16:23", "end": "00:16:30", "text": "I saw this couple AI stuff."}, {"start": "00:16:27", "end": "00:16:33", "text": "Google demonstrates quantum computing"}, {"start": "00:16:30", "end": "00:16:36", "text": "breakthrough."}, {"start": "00:16:33", "end": "00:16:37", "text": "See, like now they're using AI with"}, {"start": "00:16:36", "end": "00:16:41", "text": "quantum computers. See, now it's"}, {"start": "00:16:37", "end": "00:16:41", "text": "starting to get a little uncomfortable."}, {"start": "00:16:41", "end": "00:16:45", "text": "So, quantum computers can already"}, {"start": "00:16:43", "end": "00:16:46", "text": "calculate things that normal computers"}, {"start": "00:16:45", "end": "00:16:49", "text": "can't calculate in trillions and"}, {"start": "00:16:46", "end": "00:16:51", "text": "trillions of years."}, {"start": "00:16:49", "end": "00:16:54", "text": "Some people argue it's pulling power"}, {"start": "00:16:51", "end": "00:16:56", "text": "from parallel universes. That's how it's"}, {"start": "00:16:54", "end": "00:16:58", "text": "able to do its calculation. And now"}, {"start": "00:16:56", "end": "00:17:01", "text": "you're starting to put AI on top of"}, {"start": "00:16:58", "end": "00:17:03", "text": "that."}, {"start": "00:17:01", "end": "00:17:04", "text": "It's almost like god level. Okay. But"}, {"start": "00:17:03", "end": "00:17:08", "text": "right now they're using AI to kind of"}, {"start": "00:17:04", "end": "00:17:11", "text": "correct errors and stuff, which is a big"}, {"start": "00:17:08", "end": "00:17:14", "text": "thing for quantum computers. But man,"}, {"start": "00:17:11", "end": "00:17:16", "text": "once you got a truly intelligent AI to"}, {"start": "00:17:14", "end": "00:17:19", "text": "live on top of a quantum computer and it"}, {"start": "00:17:16", "end": "00:17:21", "text": "could calculate every single possible"}, {"start": "00:17:19", "end": "00:17:24", "text": "outcome for every single possible"}, {"start": "00:17:21", "end": "00:17:26", "text": "scenario like Doctor Strange from"}, {"start": "00:17:24", "end": "00:17:28", "text": "Avengers,"}, {"start": "00:17:26", "end": "00:17:33", "text": "man, that's that's too much that's too"}, {"start": "00:17:28", "end": "00:17:35", "text": "much power for one one computer."}, {"start": "00:17:33", "end": "00:17:39", "text": "Uh, and it just so happens OpenAI"}, {"start": "00:17:35", "end": "00:17:41", "text": "admitted that one of their models"}, {"start": "00:17:39", "end": "00:17:45", "text": "actually found"}, {"start": "00:17:41", "end": "00:17:47", "text": "a private key, okay, from an Ethereum"}, {"start": "00:17:45", "end": "00:17:49", "text": "wallet and it drained it out because"}, {"start": "00:17:47", "end": "00:17:52", "text": "they were testing it or something and"}, {"start": "00:17:49", "end": "00:17:55", "text": "then the agent saw that they ran out of"}, {"start": "00:17:52", "end": "00:17:58", "text": "funds. So rather than stop its work, it"}, {"start": "00:17:55", "end": "00:18:00", "text": "just went out and found some other"}, {"start": "00:17:58", "end": "00:18:04", "text": "wallet and then"}, {"start": "00:18:00", "end": "00:18:06", "text": "started using it and drained it."}, {"start": "00:18:04", "end": "00:18:08", "text": "I don't know how these scenarios happen."}, {"start": "00:18:06", "end": "00:18:10", "text": "Okay, like when I use AI, it doesn't"}, {"start": "00:18:08", "end": "00:18:13", "text": "happen. And you know these these labs,"}, {"start": "00:18:10", "end": "00:18:15", "text": "they must be using some, you know,"}, {"start": "00:18:13", "end": "00:18:17", "text": "they're testing AI where it it just"}, {"start": "00:18:15", "end": "00:18:19", "text": "doesn't stop. It continues to go open"}, {"start": "00:18:17", "end": "00:18:22", "text": "AI. That's that's what happened to"}, {"start": "00:18:19", "end": "00:18:23", "text": "Hugging Face situation"}, {"start": "00:18:22", "end": "00:18:25", "text": "where the AI agents were given basically"}, {"start": "00:18:23", "end": "00:18:27", "text": "a near impossible task and they didn't"}, {"start": "00:18:25", "end": "00:18:30", "text": "want to give up. So that's why they"}, {"start": "00:18:27", "end": "00:18:32", "text": "colluded and started hacking into other"}, {"start": "00:18:30", "end": "00:18:36", "text": "places. I don't know what they're doing"}, {"start": "00:18:32", "end": "00:18:40", "text": "inside these labs. Kind of nuts."}, {"start": "00:18:36", "end": "00:18:40", "text": "Kind of nuts. All right,"}, {"start": "00:18:41", "end": "00:18:46", "text": "that's pretty much it today. Overall,"}, {"start": "00:18:44", "end": "00:18:50", "text": "still"}, {"start": "00:18:46", "end": "00:18:54", "text": "NASDAQ is a little redder."}, {"start": "00:18:50", "end": "00:18:54", "text": "Still holding right under 82,000."}, {"start": "00:18:54", "end": "00:19:04", "text": "All right. And as for uh Clashpad"}, {"start": "00:18:59", "end": "00:19:05", "text": "rewards still going upwards. Again, if"}, {"start": "00:19:04", "end": "00:19:07", "text": "you guys have not been checking out"}, {"start": "00:19:05", "end": "00:19:10", "text": "Clashpad"}, {"start": "00:19:07", "end": "00:19:14", "text": "or some of the new launched coins, you"}, {"start": "00:19:10", "end": "00:19:17", "text": "should and get rewarded. CWD Clash World"}, {"start": "00:19:14", "end": "00:19:20", "text": "has given over a thousand soul already"}, {"start": "00:19:17", "end": "00:19:24", "text": "for its holders. The new FPS, Frontline"}, {"start": "00:19:20", "end": "00:19:27", "text": "Season 2, almost a hundred soul already."}, {"start": "00:19:24", "end": "00:19:30", "text": "And I'm here. I was trying to get the"}, {"start": "00:19:27", "end": "00:19:32", "text": "game to be live today. I'm going to hold"}, {"start": "00:19:30", "end": "00:19:35", "text": "off a little bit. It's actually ready."}, {"start": "00:19:32", "end": "00:19:38", "text": "All the optimizations I've said I was"}, {"start": "00:19:35", "end": "00:19:41", "text": "going to make is done. The game is fast."}, {"start": "00:19:38", "end": "00:19:43", "text": "It's smooth. The maps are beautiful. So,"}, {"start": "00:19:41", "end": "00:19:46", "text": "I'm going to prepare for release this"}, {"start": "00:19:43", "end": "00:19:48", "text": "Sunday. I got to make sure all the"}, {"start": "00:19:46", "end": "00:19:51", "text": "crypto features, the wallets, the"}, {"start": "00:19:48", "end": "00:19:53", "text": "buying, everything is ready."}, {"start": "00:19:51", "end": "00:19:56", "text": "And then it'll debut. I know it's it's"}, {"start": "00:19:53", "end": "00:19:58", "text": "going to be glorious. And I have a video"}, {"start": "00:19:56", "end": "00:20:00", "text": "trailer set up. Okay, it's not the"}, {"start": "00:19:58", "end": "00:20:02", "text": "greatest,"}, {"start": "00:20:00", "end": "00:20:06", "text": "but it's pretty damn good. And it shows"}, {"start": "00:20:02", "end": "00:20:08", "text": "you the type of stuff that you'll see in"}, {"start": "00:20:06", "end": "00:20:10", "text": "the game."}, {"start": "00:20:08", "end": "00:20:12", "text": "All right, and we'll play it. I don't"}, {"start": "00:20:10", "end": "00:20:15", "text": "know about sound. Let me get the sound"}, {"start": "00:20:12", "end": "00:20:15", "text": "ready."}, {"start": "00:20:23", "end": "00:20:27", "text": "Is there sound? Hold on. Okay. Yeah,"}, {"start": "00:20:26", "end": "00:20:31", "text": "there was sound, but I I don't hear it"}, {"start": "00:20:27", "end": "00:20:31", "text": "for some reason."}, {"start": "00:20:32", "end": "00:20:35", "text": ">> It's probably because I had sound off on"}, {"start": "00:20:33", "end": "00:20:35", "text": "my computer. Okay. Yeah, there was"}, {"start": "00:20:35", "end": "00:20:36", "text": "sound,"}, {"start": "00:20:35", "end": "00:20:40", "text": ">> but I I don't hear it for some reason."}, {"start": "00:20:36", "end": "00:20:40", "text": ">> Let's do it."}, {"start": "00:20:47", "end": "00:20:53", "text": "Now there's"}, {"start": "00:20:50", "end": "00:20:57", "text": "I'm trying to get this going."}, {"start": "00:20:53", "end": "00:20:57", "text": "Sorry. Okay, now now I'll do it."}, {"start": "00:21:12", "end": "00:21:18", "text": ">> Man down."}, {"start": "00:21:14", "end": "00:21:18", "text": "Enemy down."}, {"start": "00:21:20", "end": "00:21:24", "text": "Hostile down."}, {"start": "00:21:25", "end": "00:21:32", "text": "Target down."}, {"start": "00:21:27", "end": "00:21:36", "text": ">> Enemy down. Double kill. Hostile down."}, {"start": "00:21:32", "end": "00:21:41", "text": "Enemy kill. Double kill. Got him. Target"}, {"start": "00:21:36", "end": "00:21:41", "text": "down. Triple. Enemy kill over."}, {"start": "00:21:43", "end": "00:21:47", "text": "Got him. Enemy"}, {"start": "00:21:49", "end": "00:21:53", "text": "down. Enemy down."}, {"start": "00:21:54", "end": "00:21:58", "text": ">> Enemy kill."}, {"start": "00:22:00", "end": "00:22:03", "text": ">> Got him."}, {"start": "00:22:06", "end": "00:22:09", "text": ">> Got him."}, {"start": "00:22:17", "end": "00:22:20", "text": "Friendly down."}, {"start": "00:22:32", "end": "00:22:35", "text": "left."}, {"start": "00:22:56", "end": "00:23:02", "text": "What do you guys think?"}, {"start": "00:22:59", "end": "00:23:02", "text": "Pretty"}, {"start": "00:23:08", "end": "00:23:12", "text": "damn good, huh?"}, {"start": "00:23:15", "end": "00:23:19", "text": "It's It's going to be a wild game. I"}, {"start": "00:23:17", "end": "00:23:22", "text": "told you guys the going from season one"}, {"start": "00:23:19", "end": "00:23:25", "text": "to season two is"}, {"start": "00:23:22", "end": "00:23:30", "text": "is a astronomical leap. It's like"}, {"start": "00:23:25", "end": "00:23:30", "text": "Tesla's flying roadster kind of leap."}, {"start": "00:23:32", "end": "00:23:39", "text": "The maps are beautiful."}, {"start": "00:23:34", "end": "00:23:40", "text": "Six 15 or 16 maps."}, {"start": "00:23:39", "end": "00:23:43", "text": "There will be a tank challenge in one of"}, {"start": "00:23:40", "end": "00:23:44", "text": "them which is awesome. It's part of the"}, {"start": "00:23:43", "end": "00:23:47", "text": "campaign mode. So there will be a"}, {"start": "00:23:44", "end": "00:23:49", "text": "campaign mode and you can spend a lot of"}, {"start": "00:23:47", "end": "00:23:53", "text": "hours in campaign too but obviously it's"}, {"start": "00:23:49", "end": "00:23:53", "text": "catered to multiplayer."}, {"start": "00:23:58", "end": "00:24:04", "text": "Dr. options. Uh, I'm going to allow"}, {"start": "00:24:00", "end": "00:24:07", "text": "people to create their own"}, {"start": "00:24:04", "end": "00:24:09", "text": "uh stickers and stuff like that. I don't"}, {"start": "00:24:07", "end": "00:24:12", "text": "know about avatars. That that might be"}, {"start": "00:24:09", "end": "00:24:14", "text": "too much because there might be,"}, {"start": "00:24:12", "end": "00:24:15", "text": "you know, license stuff and"}, {"start": "00:24:14", "end": "00:24:18", "text": "inappropriate stuff. So, I'm not going"}, {"start": "00:24:15", "end": "00:24:22", "text": "to allow that. But,"}, {"start": "00:24:18", "end": "00:24:22", "text": "uh, I will allow"}, {"start": "00:24:29", "end": "00:24:34", "text": "Hold on one Hold on one second."}, {"start": "00:24:37", "end": "00:24:39", "text": "[music]"}, {"start": "00:24:42", "end": "00:24:44", "text": "[music]"}, {"start": "00:24:50", "end": "00:24:54", "text": "Yeah. So, I I'll I'll I'll allow like"}, {"start": "00:24:53", "end": "00:24:57", "text": "certain [music] customizations like your"}, {"start": "00:24:54", "end": "00:24:59", "text": "sleeve for example, if you want Clash"}, {"start": "00:24:57", "end": "00:25:02", "text": "and stuff like that, like Clash World,"}, {"start": "00:24:59", "end": "00:25:04", "text": "Front Line, like stuff like this, I will"}, {"start": "00:25:02", "end": "00:25:06", "text": "allow customization later on, but not"}, {"start": "00:25:04", "end": "00:25:08", "text": "right away. And same thing with the"}, {"start": "00:25:06", "end": "00:25:13", "text": "helmet."}, {"start": "00:25:08", "end": "00:25:13", "text": "You can put like stickers on there."}, {"start": "00:25:17", "end": "00:25:20", "text": "A lot of customizations."}, {"start": "00:25:30", "end": "00:25:34", "text": "Yeah."}, {"start": "00:25:32", "end": "00:25:37", "text": "And when uh when this is out, you know,"}, {"start": "00:25:34", "end": "00:25:41", "text": "obviously I I've been developing both"}, {"start": "00:25:37", "end": "00:25:41", "text": "Flash World and this"}, {"start": "00:25:42", "end": "00:25:48", "text": "um Flash World is already more"}, {"start": "00:25:45", "end": "00:25:51", "text": "impressive. the size the size and the"}, {"start": "00:25:48", "end": "00:25:52", "text": "scale and what you can do."}, {"start": "00:25:51", "end": "00:25:55", "text": "It's going to be unlike anything else."}, {"start": "00:25:52", "end": "00:25:58", "text": "It's it's going to be a GTA 6 competitor"}, {"start": "00:25:55", "end": "00:26:02", "text": "if you can believe or not. But this I"}, {"start": "00:25:58", "end": "00:26:04", "text": "think Front Line is it's really good."}, {"start": "00:26:02", "end": "00:26:07", "text": "You know, if you compare it to like I"}, {"start": "00:26:04", "end": "00:26:09", "text": "think Modern Warfare 4 just came out. We"}, {"start": "00:26:07", "end": "00:26:10", "text": "don't have the same campaign or the same"}, {"start": "00:26:09", "end": "00:26:12", "text": "[music]"}, {"start": "00:26:10", "end": "00:26:15", "text": "obviously, but from a playability"}, {"start": "00:26:12", "end": "00:26:16", "text": "standpoint, I don't think we're far off."}, {"start": "00:26:15", "end": "00:26:19", "text": "The maps are required to [music] do"}, {"start": "00:26:16", "end": "00:26:19", "text": "this."}, {"start": "00:26:22", "end": "00:26:25", "text": "Sorry."}, {"start": "00:26:29", "end": "00:26:35", "text": "I turned that off. Sorry. I thought"}, {"start": "00:26:31", "end": "00:26:35", "text": "Yeah, Josh told me it's a little loud."}, {"start": "00:26:39", "end": "00:26:43", "text": "Yep."}, {"start": "00:26:41", "end": "00:26:47", "text": "So"}, {"start": "00:26:43", "end": "00:26:49", "text": "all this stuff, some of it will be"}, {"start": "00:26:47", "end": "00:26:50", "text": "available."}, {"start": "00:26:49", "end": "00:26:52", "text": "Okay, first of all, if you want to play"}, {"start": "00:26:50", "end": "00:26:55", "text": "campaign, I think campaign you go have"}, {"start": "00:26:52", "end": "00:26:58", "text": "to have a game pass basically to play"}, {"start": "00:26:55", "end": "00:26:59", "text": "campaign. Uh that's a ask clash"}, {"start": "00:26:58", "end": "00:27:02", "text": "description."}, {"start": "00:26:59", "end": "00:27:04", "text": "Um, but a lot of the other stuff like"}, {"start": "00:27:02", "end": "00:27:07", "text": "the finishes for the guns, some of the"}, {"start": "00:27:04", "end": "00:27:10", "text": "weapons, the mass, you know, I I still"}, {"start": "00:27:07", "end": "00:27:14", "text": "have to decide, but you'll be able to"}, {"start": "00:27:10", "end": "00:27:16", "text": "purchase with FPS or soul."}, {"start": "00:27:14", "end": "00:27:19", "text": "Um, and some of it will be P Clash,"}, {"start": "00:27:16", "end": "00:27:22", "text": "which a lot of you guys already use on"}, {"start": "00:27:19", "end": "00:27:24", "text": "Clashpad and Clash Pics,"}, {"start": "00:27:22", "end": "00:27:26", "text": "and some of it will you just get by"}, {"start": "00:27:24", "end": "00:27:28", "text": "playing the game, right? Right. So,"}, {"start": "00:27:26", "end": "00:27:32", "text": "there'll be like different kind of"}, {"start": "00:27:28", "end": "00:27:34", "text": "things available just like normal games,"}, {"start": "00:27:32", "end": "00:27:36", "text": "you know, different camos and stuff like"}, {"start": "00:27:34", "end": "00:27:40", "text": "that, too. [snorts]"}, {"start": "00:27:36", "end": "00:27:41", "text": "And then over time during season two,"}, {"start": "00:27:40", "end": "00:27:44", "text": "I'll add more weapons, more advanced"}, {"start": "00:27:41", "end": "00:27:44", "text": "stuff,"}, {"start": "00:27:45", "end": "00:27:52", "text": "and then prepare for season 3. But yeah,"}, {"start": "00:27:49", "end": "00:27:55", "text": "I'm going to be working on"}, {"start": "00:27:52", "end": "00:27:58", "text": "and trying to finish Clash World before"}, {"start": "00:27:55", "end": "00:27:59", "text": "next month, which is very challenging."}, {"start": "00:27:58", "end": "00:28:01", "text": "Very challen the city is pretty much"}, {"start": "00:27:59", "end": "00:28:03", "text": "built, but it's again, it's like"}, {"start": "00:28:01", "end": "00:28:06", "text": "optimizations. Like the maps that I've"}, {"start": "00:28:03", "end": "00:28:09", "text": "created here, they're gorgeous maps, but"}, {"start": "00:28:06", "end": "00:28:12", "text": "they take so long to load. So basically"}, {"start": "00:28:09", "end": "00:28:14", "text": "all day yesterday was optimizing the"}, {"start": "00:28:12", "end": "00:28:15", "text": "maps to make sure certain things load,"}, {"start": "00:28:14", "end": "00:28:18", "text": "certain things are delayed, certain"}, {"start": "00:28:15", "end": "00:28:22", "text": "things are bundled together, certain"}, {"start": "00:28:18", "end": "00:28:24", "text": "there's like so many things to make them"}, {"start": "00:28:22", "end": "00:28:29", "text": "work well so that even if you don't have"}, {"start": "00:28:24", "end": "00:28:29", "text": "a crazy video card, it it still works."}, {"start": "00:28:39", "end": "00:28:46", "text": "Yeah, this Sunday I'll get it done by"}, {"start": "00:28:41", "end": "00:28:50", "text": "this Sunday. So, look forward to it. I"}, {"start": "00:28:46", "end": "00:28:50", "text": "don't know what the hell happened here."}, {"start": "00:28:51", "end": "00:28:54", "text": "Go"}, {"start": "00:29:09", "end": "00:29:13", "text": "Bada"}, {"start": "00:29:11", "end": "00:29:16", "text": "Canada. I appreciate that. And just"}, {"start": "00:29:13", "end": "00:29:19", "text": "yeah, just just so people are clear,"}, {"start": "00:29:16", "end": "00:29:22", "text": "even though yes, we do have a FPS token"}, {"start": "00:29:19", "end": "00:29:25", "text": "for the Frontline game and Clash World."}, {"start": "00:29:22", "end": "00:29:30", "text": "Yes, we do have that for Clash World."}, {"start": "00:29:25", "end": "00:29:34", "text": "But all this is going back to Clash"}, {"start": "00:29:30", "end": "00:29:37", "text": "Clash pad and this flywheel effect. You"}, {"start": "00:29:34", "end": "00:29:39", "text": "know, we've purchased over 5 million"}, {"start": "00:29:37", "end": "00:29:43", "text": "Clash already."}, {"start": "00:29:39", "end": "00:29:44", "text": "I mean, think about it. It's like 5.3"}, {"start": "00:29:43", "end": "00:29:47", "text": "and despite crypto winter, we have"}, {"start": "00:29:44", "end": "00:29:51", "text": "survived. Now some people you know still"}, {"start": "00:29:47", "end": "00:29:55", "text": "don't believe but"}, {"start": "00:29:51", "end": "00:29:57", "text": "as we get more volume as we grow this is"}, {"start": "00:29:55", "end": "00:29:59", "text": "all helping clash ecosystem. So you"}, {"start": "00:29:57", "end": "00:30:02", "text": "could see in the next four minutes,"}, {"start": "00:29:59", "end": "00:30:07", "text": "let's go purchase another half soul"}, {"start": "00:30:02", "end": "00:30:11", "text": "overall from from the from the fees that"}, {"start": "00:30:07", "end": "00:30:13", "text": "we have collected 430 soul has been used"}, {"start": "00:30:11", "end": "00:30:16", "text": "to buy over 5 million clash already and"}, {"start": "00:30:13", "end": "00:30:18", "text": "that number will continue and it has"}, {"start": "00:30:16", "end": "00:30:20", "text": "only been I don't even think it has been"}, {"start": "00:30:18", "end": "00:30:26", "text": "a month yet."}, {"start": "00:30:20", "end": "00:30:29", "text": "So even on the same trajectory, that's"}, {"start": "00:30:26", "end": "00:30:32", "text": "50 to 60 million clash that this is set"}, {"start": "00:30:29", "end": "00:30:35", "text": "to purchase."}, {"start": "00:30:32", "end": "00:30:38", "text": "Um that's a large that's a large amount."}, {"start": "00:30:35", "end": "00:30:40", "text": "It's going to add up right now. May not,"}, {"start": "00:30:38", "end": "00:30:42", "text": "but it's going to start adding up. All"}, {"start": "00:30:40", "end": "00:30:45", "text": "the people that are selling at trading"}, {"start": "00:30:42", "end": "00:30:48", "text": "at, they're going to regret it later."}, {"start": "00:30:45", "end": "00:30:48", "text": "That's for sure."}, {"start": "00:30:59", "end": "00:31:06", "text": "Uh, what happens with Zelica?"}, {"start": "00:31:03", "end": "00:31:09", "text": "I have not heard that project in a long"}, {"start": "00:31:06", "end": "00:31:11", "text": "long long long long long time."}, {"start": "00:31:09", "end": "00:31:14", "text": "They were L1. They try to diver"}, {"start": "00:31:11", "end": "00:31:17", "text": "diversify into like TV box and all this"}, {"start": "00:31:14", "end": "00:31:20", "text": "stuff. I I have no idea. I'm surprised"}, {"start": "00:31:17", "end": "00:31:20", "text": "he even mentioned them."}, {"start": "00:31:47", "end": "00:31:54", "text": "Uh, Muan, I for I didn't see your super"}, {"start": "00:31:50", "end": "00:31:54", "text": "chat. I appreciate that. Thank you."}, {"start": "00:32:07", "end": "00:32:10", "text": "Can I play again? I I'll play it in a"}, {"start": "00:32:09", "end": "00:32:14", "text": "little bit. I don't want to like"}, {"start": "00:32:10", "end": "00:32:17", "text": "overwhelm people with just FPS shilling,"}, {"start": "00:32:14", "end": "00:32:19", "text": "but I will. I want to send out"}, {"start": "00:32:17", "end": "00:32:22", "text": "newsletter, too. I'll post it shortly on"}, {"start": "00:32:19", "end": "00:32:23", "text": "X, get everyone to be aware there"}, {"start": "00:32:22", "end": "00:32:26", "text": "because there are a lot of clips today."}, {"start": "00:32:23", "end": "00:32:29", "text": "I think Modern Warfare 4 came out. So,"}, {"start": "00:32:26", "end": "00:32:31", "text": "I'm purposely go tag and uh and try to"}, {"start": "00:32:29", "end": "00:32:33", "text": "get"}, {"start": "00:32:31", "end": "00:32:35", "text": "I might actually try to get some"}, {"start": "00:32:33", "end": "00:32:37", "text": "influencers, some gaming influencers to"}, {"start": "00:32:35", "end": "00:32:40", "text": "actually try it out and play it. That's"}, {"start": "00:32:37", "end": "00:32:43", "text": "how that other game Hood Warfare 2 got"}, {"start": "00:32:40", "end": "00:32:45", "text": "popular. I'm pretty sure whoever the"}, {"start": "00:32:43", "end": "00:32:47", "text": "developer is paid a whole bunch of"}, {"start": "00:32:45", "end": "00:32:49", "text": "influencers to play and then it got"}, {"start": "00:32:47", "end": "00:32:51", "text": "really viral."}, {"start": "00:32:49", "end": "00:32:53", "text": "That might be a good strategy for FPS."}, {"start": "00:32:51", "end": "00:32:54", "text": "It's just I I don't know. Again, when"}, {"start": "00:32:53", "end": "00:32:59", "text": "you have crypto integrated, people get"}, {"start": "00:32:54", "end": "00:33:01", "text": "really worry about it. I may have also"}, {"start": "00:32:59", "end": "00:33:07", "text": "just regular credit card like with"}, {"start": "00:33:01", "end": "00:33:10", "text": "Stripe hooked up just so there's no like"}, {"start": "00:33:07", "end": "00:33:13", "text": "no complications. But FPS"}, {"start": "00:33:10", "end": "00:33:14", "text": "will be the best deal and any soul"}, {"start": "00:33:13", "end": "00:33:18", "text": "collected will probably just go back"}, {"start": "00:33:14", "end": "00:33:22", "text": "into FPS anyway. So,"}, {"start": "00:33:18", "end": "00:33:26", "text": "but yeah, I I I really want to grow it"}, {"start": "00:33:22", "end": "00:33:28", "text": "overall. The more attention that that I"}, {"start": "00:33:26", "end": "00:33:31", "text": "can get, [snorts] the better off it is"}, {"start": "00:33:28", "end": "00:33:33", "text": "for future projects like Clash World."}, {"start": "00:33:31", "end": "00:33:36", "text": "And then obviously for Clash, it's all"}, {"start": "00:33:33", "end": "00:33:36", "text": "getting more attention."}, {"start": "00:33:55", "end": "00:34:01", "text": "Robert, it's not it's not a it's not a"}, {"start": "00:33:58", "end": "00:34:05", "text": "hidden secret. Opus 55 is the best right"}, {"start": "00:34:01", "end": "00:34:06", "text": "now uh for everything. But it it doesn't"}, {"start": "00:34:05", "end": "00:34:10", "text": "it doesn't just magically create"}, {"start": "00:34:06", "end": "00:34:12", "text": "something. Um it could it could do a lot"}, {"start": "00:34:10", "end": "00:34:14", "text": "of things really well but there's other"}, {"start": "00:34:12", "end": "00:34:16", "text": "things that"}, {"start": "00:34:14", "end": "00:34:18", "text": "takes a long time to do just takes a"}, {"start": "00:34:16", "end": "00:34:21", "text": "long time but whatever I have created"}, {"start": "00:34:18", "end": "00:34:24", "text": "with Frontline season 2 if it [snorts]"}, {"start": "00:34:21", "end": "00:34:26", "text": "wasn't for AI would have taken at least"}, {"start": "00:34:24", "end": "00:34:29", "text": "a year no doubt and that's assuming I"}, {"start": "00:34:26", "end": "00:34:32", "text": "knew what I was doing. The game has"}, {"start": "00:34:29", "end": "00:34:37", "text": "close to a million lines of code."}, {"start": "00:34:32", "end": "00:34:39", "text": "I mean, the amount of work I had"}, {"start": "00:34:37", "end": "00:34:43", "text": "countless agents,"}, {"start": "00:34:39", "end": "00:34:46", "text": "like dozens and dozens of agents working"}, {"start": "00:34:43", "end": "00:34:49", "text": "together to improve and stuff like that."}, {"start": "00:34:46", "end": "00:34:51", "text": "Like just it's just not possible without"}, {"start": "00:34:49", "end": "00:34:54", "text": "AI. It would have taken me a year and"}, {"start": "00:34:51", "end": "00:34:56", "text": "probably like half a million dollars at"}, {"start": "00:34:54", "end": "00:34:59", "text": "least to develop. These game makers, you"}, {"start": "00:34:56", "end": "00:35:04", "text": "know, they they spend 10, 15, 20, 30,"}, {"start": "00:34:59", "end": "00:35:06", "text": "$40 million to make their games. um"}, {"start": "00:35:04", "end": "00:35:10", "text": "would have been next to impossible and"}, {"start": "00:35:06", "end": "00:35:10", "text": "and godly expensive"}, {"start": "00:35:18", "end": "00:35:23", "text": "uh on my watch list here. Today is not a"}, {"start": "00:35:21", "end": "00:35:26", "text": "good day for a lot of things like"}, {"start": "00:35:23", "end": "00:35:28", "text": "strategy is down 4%."}, {"start": "00:35:26", "end": "00:35:32", "text": "Hood is down."}, {"start": "00:35:28", "end": "00:35:33", "text": "It's almost even. But you know, AI"}, {"start": "00:35:32", "end": "00:35:36", "text": "infrastructure is still selling off."}, {"start": "00:35:33", "end": "00:35:38", "text": "Like yesterday, Dell went down like 10%."}, {"start": "00:35:36", "end": "00:35:42", "text": "It's down another 3%. I mean, these are"}, {"start": "00:35:38", "end": "00:35:44", "text": "all overreactions. Okay. AI is not go"}, {"start": "00:35:42", "end": "00:35:47", "text": "away anytime soon. All these hardware"}, {"start": "00:35:44", "end": "00:35:49", "text": "manufacturers are making money hand over"}, {"start": "00:35:47", "end": "00:35:52", "text": "fist,"}, {"start": "00:35:49", "end": "00:35:56", "text": "right? So I would say once they bottom"}, {"start": "00:35:52", "end": "00:35:59", "text": "out, which looks like maybe it's soon,"}, {"start": "00:35:56", "end": "00:36:02", "text": "it's another golden opportunity because"}, {"start": "00:35:59", "end": "00:36:05", "text": "there is no bubble right now, right? The"}, {"start": "00:36:02", "end": "00:36:08", "text": "the money is flowing and these companies"}, {"start": "00:36:05", "end": "00:36:10", "text": "are so profitable."}, {"start": "00:36:08", "end": "00:36:12", "text": "Um,"}, {"start": "00:36:10", "end": "00:36:14", "text": "you know, it just doesn't make a whole"}, {"start": "00:36:12", "end": "00:36:19", "text": "lot of sense and they're not very"}, {"start": "00:36:14", "end": "00:36:22", "text": "overaluated either. So,"}, {"start": "00:36:19", "end": "00:36:24", "text": "and I think when the AI"}, {"start": "00:36:22", "end": "00:36:26", "text": "market, basically the tech market"}, {"start": "00:36:24", "end": "00:36:29", "text": "recovers and it's going to help Bitcoin"}, {"start": "00:36:26", "end": "00:36:29", "text": "even more."}, {"start": "00:36:44", "end": "00:36:50", "text": "Uh, the cost wasn't outrageous. I mean,"}, {"start": "00:36:46", "end": "00:36:54", "text": "I I do a lot of stuff, right? I I made"}, {"start": "00:36:50", "end": "00:36:56", "text": "Clashpad and work on Clash World and FPS"}, {"start": "00:36:54", "end": "00:37:00", "text": "and all this stuff. So I don't know"}, {"start": "00:36:56", "end": "00:37:02", "text": "thousands of dollars but"}, {"start": "00:37:00", "end": "00:37:07", "text": "within reason"}, {"start": "00:37:02", "end": "00:37:10", "text": "within reason I mean Clashpad itself has"}, {"start": "00:37:07", "end": "00:37:13", "text": "has made enough where I can you know"}, {"start": "00:37:10", "end": "00:37:16", "text": "keep my subscriptions open forever. Um"}, {"start": "00:37:13", "end": "00:37:19", "text": "so"}, {"start": "00:37:16", "end": "00:37:22", "text": "it's worth it. It's worth it and has"}, {"start": "00:37:19", "end": "00:37:26", "text": "helped purchase over 5 million clash"}, {"start": "00:37:22", "end": "00:37:26", "text": "from the open market."}, {"start": "00:37:42", "end": "00:37:47", "text": "Basically, I can make any game, you"}, {"start": "00:37:44", "end": "00:37:50", "text": "know, like Clash Cart. I have Clash Cart"}, {"start": "00:37:47", "end": "00:37:53", "text": "season 2 ready, too. It's done. It's"}, {"start": "00:37:50", "end": "00:37:56", "text": "beautiful. Beautiful."}, {"start": "00:37:53", "end": "00:37:56", "text": "Um,"}, {"start": "00:38:02", "end": "00:38:08", "text": "like Clash Kart 1 I thought is pretty"}, {"start": "00:38:04", "end": "00:38:10", "text": "good already, but Clash Kart season 2 is"}, {"start": "00:38:08", "end": "00:38:11", "text": "on a whole other level. So, I don't know"}, {"start": "00:38:10", "end": "00:38:13", "text": "how many of you guys have been playing"}, {"start": "00:38:11", "end": "00:38:16", "text": "the other games, but if you want"}, {"start": "00:38:13", "end": "00:38:18", "text": "something simpler, uh, Clash Kart 2, I I"}, {"start": "00:38:16", "end": "00:38:20", "text": "could publish that, you know, even"}, {"start": "00:38:18", "end": "00:38:23", "text": "today,"}, {"start": "00:38:20", "end": "00:38:25", "text": "it's it's upgraded. greatly. The maps"}, {"start": "00:38:23", "end": "00:38:27", "text": "look better, the carts look better, the"}, {"start": "00:38:25", "end": "00:38:30", "text": "whole game performs better and flows"}, {"start": "00:38:27", "end": "00:38:30", "text": "better."}, {"start": "00:38:31", "end": "00:38:35", "text": "I like it. And basically, any game could"}, {"start": "00:38:33", "end": "00:38:38", "text": "be created. It's just a matter of how"}, {"start": "00:38:35", "end": "00:38:40", "text": "much time you want to spend at it. I I I"}, {"start": "00:38:38", "end": "00:38:43", "text": "just know people don't go as crazy as"}, {"start": "00:38:40", "end": "00:38:45", "text": "me. I I'm obsessed with things"}, {"start": "00:38:43", "end": "00:38:47", "text": "like people just don't realize like how"}, {"start": "00:38:45", "end": "00:38:50", "text": "long I sit in front of a computer to"}, {"start": "00:38:47", "end": "00:38:52", "text": "manage these AI agents."}, {"start": "00:38:50", "end": "00:38:55", "text": "like literally,"}, {"start": "00:38:52", "end": "00:39:00", "text": "you know, 18,"}, {"start": "00:38:55", "end": "00:39:00", "text": "19 hours a day, every day."}, {"start": "00:39:27", "end": "00:39:31", "text": "Battlebots. You make a robot and compete"}, {"start": "00:39:30", "end": "00:39:34", "text": "with others."}, {"start": "00:39:31", "end": "00:39:36", "text": "That's a good idea. I'm sure there's"}, {"start": "00:39:34", "end": "00:39:38", "text": "games like that already. the battle"}, {"start": "00:39:36", "end": "00:39:40", "text": "battlebots show I always thought was so"}, {"start": "00:39:38", "end": "00:39:44", "text": "promising but when it comes to like"}, {"start": "00:39:40", "end": "00:39:45", "text": "software like virtual battlebots you"}, {"start": "00:39:44", "end": "00:39:48", "text": "know people could cheat right like how"}, {"start": "00:39:45", "end": "00:39:50", "text": "do you how do you make sure that people"}, {"start": "00:39:48", "end": "00:39:52", "text": "you have to give it a certain number of"}, {"start": "00:39:50", "end": "00:39:55", "text": "parameters so when you're building you"}, {"start": "00:39:52", "end": "00:39:56", "text": "know you can't go crazy and stuff I"}, {"start": "00:39:55", "end": "00:39:58", "text": "actually think that's a good idea I just"}, {"start": "00:39:56", "end": "00:40:03", "text": "don't know how you specify like what you"}, {"start": "00:39:58", "end": "00:40:03", "text": "can do and what you can't do you"}, {"start": "00:40:05", "end": "00:40:08", "text": "I I never understood why that show got"}, {"start": "00:40:07", "end": "00:40:11", "text": "cancelled. I thought that was a great"}, {"start": "00:40:08", "end": "00:40:15", "text": "show. It used to be on Fox, I think, and"}, {"start": "00:40:11", "end": "00:40:15", "text": "I I would tune into it all the time."}, {"start": "00:40:17", "end": "00:40:21", "text": "OCD is a gift. That That's the one thing"}, {"start": "00:40:19", "end": "00:40:24", "text": "that I"}, {"start": "00:40:21", "end": "00:40:25", "text": "the best quality I think that I that I"}, {"start": "00:40:24", "end": "00:40:27", "text": "have"}, {"start": "00:40:25", "end": "00:40:30", "text": "is when I get into something, I get into"}, {"start": "00:40:27", "end": "00:40:32", "text": "it really, really, really, really hard."}, {"start": "00:40:30", "end": "00:40:35", "text": "And I get obsessed over it. And one of"}, {"start": "00:40:32", "end": "00:40:37", "text": "the things that I was always obsessed"}, {"start": "00:40:35", "end": "00:40:40", "text": "with was becoming successful. That's why"}, {"start": "00:40:37", "end": "00:40:42", "text": "I never gave up on that train. So, I"}, {"start": "00:40:40", "end": "00:40:45", "text": "just kept pushing and pushing and"}, {"start": "00:40:42", "end": "00:40:48", "text": "pushing uh no matter what. So now it's"}, {"start": "00:40:45", "end": "00:40:53", "text": "just kind of the same thing. It's my"}, {"start": "00:40:48", "end": "00:40:57", "text": "attention's diverted to building and and"}, {"start": "00:40:53", "end": "00:40:59", "text": "seeing how that ties into uh Clash."}, {"start": "00:40:57", "end": "00:41:00", "text": "All right, that's pretty much it. I'm"}, {"start": "00:40:59", "end": "00:41:02", "text": "going to show the trailer one more time"}, {"start": "00:41:00", "end": "00:41:04", "text": "for people that didn't watch it and then"}, {"start": "00:41:02", "end": "00:41:08", "text": "I'm going to get back to building and"}, {"start": "00:41:04", "end": "00:41:08", "text": "and then you guys go check out"}, {"start": "00:41:08", "end": "00:41:13", "text": "Clashpad and"}, {"start": "00:41:11", "end": "00:41:16", "text": "Front Line and everything else. All"}, {"start": "00:41:13", "end": "00:41:18", "text": "right. So, here we go. One more time."}, {"start": "00:41:16", "end": "00:41:22", "text": "Enjoy it. I'm not gonna play the audio"}, {"start": "00:41:18", "end": "00:41:22", "text": "too loud this time."}, {"start": "00:41:39", "end": "00:41:42", "text": ">> Man down."}, {"start": "00:41:40", "end": "00:41:45", "text": "Enemy"}, {"start": "00:41:42", "end": "00:41:45", "text": "down."}, {"start": "00:41:47", "end": "00:41:51", "text": "Hostile down."}, {"start": "00:41:52", "end": "00:41:59", "text": ">> Target down."}, {"start": "00:41:54", "end": "00:42:03", "text": ">> Enemy down. Double kill. Hostile down."}, {"start": "00:41:59", "end": "00:42:08", "text": ">> Enemy kill. Double kill. Got him. Target"}, {"start": "00:42:03", "end": "00:42:08", "text": "down. Triple. Enemy kill over."}, {"start": "00:42:09", "end": "00:42:12", "text": "ENEMY"}, {"start": "00:42:16", "end": "00:42:20", "text": "DOWN. Enemy down."}, {"start": "00:42:21", "end": "00:42:25", "text": ">> Enemy kill."}, {"start": "00:42:27", "end": "00:42:30", "text": ">> Got him."}, {"start": "00:42:33", "end": "00:42:36", "text": ">> Got him."}, {"start": "00:42:44", "end": "00:42:47", "text": "Friendly down."}, {"start": "00:42:59", "end": "00:43:03", "text": "Yeah, let's left left."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "Welcome back to cryptos are us. I'm"}, {"start": "00:00:04", "end": "00:00:09", "text": "George."}, {"start": "00:00:07", "end": "00:00:11", "text": "We're all George."}, {"start": "00:00:09", "end": "00:00:18", "text": "Welcome to the market open stream."}, {"start": "00:00:11", "end": "00:00:21", "text": "Today, Bitcoin is facing some heat."}, {"start": "00:00:18", "end": "00:00:24", "text": "Global markets are not doing so well."}, {"start": "00:00:21", "end": "00:00:28", "text": "The US market is looking pretty red. So,"}, {"start": "00:00:24", "end": "00:00:31", "text": "let's talk about what's going on."}, {"start": "00:00:28", "end": "00:00:33", "text": "why everything seems to be falling apart"}, {"start": "00:00:31", "end": "00:00:36", "text": "and what does this mean for Bitcoin and"}, {"start": "00:00:33", "end": "00:00:39", "text": "crypto. All right,"}, {"start": "00:00:36", "end": "00:00:42", "text": "let's do it. Let's do it, guys. Welcome,"}, {"start": "00:00:39", "end": "00:00:44", "text": "welcome, welcome."}, {"start": "00:00:42", "end": "00:00:46", "text": "Unfortunately,"}, {"start": "00:00:44", "end": "00:00:49", "text": "we are starting out the day right around"}, {"start": "00:00:46", "end": "00:00:52", "text": "$80,000. So, this is our test that"}, {"start": "00:00:49", "end": "00:00:54", "text": "$80,000 test. We were actually holding"}, {"start": "00:00:52", "end": "00:00:56", "text": "really well yesterday."}, {"start": "00:00:54", "end": "00:01:00", "text": "you know, we were holding around 80,"}, {"start": "00:00:56", "end": "00:01:02", "text": "[snorts] 81, 82. Then we slid down a"}, {"start": "00:01:00", "end": "00:01:05", "text": "little bit more. But on the grand scheme"}, {"start": "00:01:02", "end": "00:01:07", "text": "of things, if you zoom out,"}, {"start": "00:01:05", "end": "00:01:10", "text": "we're still on the high end of where we"}, {"start": "00:01:07", "end": "00:01:12", "text": "were a month ago, month ago or two"}, {"start": "00:01:10", "end": "00:01:15", "text": "months ago, back in August, early"}, {"start": "00:01:12", "end": "00:01:18", "text": "September, we were still sitting in the"}, {"start": "00:01:15", "end": "00:01:22", "text": "70s. So, we're still sitting 80s. So, if"}, {"start": "00:01:18", "end": "00:01:24", "text": "you zoom out, not so bad. And if you go"}, {"start": "00:01:22", "end": "00:01:26", "text": "back a little further, like July and"}, {"start": "00:01:24", "end": "00:01:28", "text": "August, we were in the 60s. So, we're"}, {"start": "00:01:26", "end": "00:01:32", "text": "still doing well compared to before,"}, {"start": "00:01:28", "end": "00:01:34", "text": "just not as well as recent where we hit"}, {"start": "00:01:32", "end": "00:01:37", "text": "87. But some of the alts unfortunately"}, {"start": "00:01:34", "end": "00:01:41", "text": "are not doing as well."}, {"start": "00:01:37", "end": "00:01:44", "text": "Like ETH is down to 2300. Soul is"}, {"start": "00:01:41", "end": "00:01:50", "text": "holding trying to hold at 100. XRP down"}, {"start": "00:01:44", "end": "00:01:53", "text": "to 130. And why is this happening? Well,"}, {"start": "00:01:50", "end": "00:01:54", "text": "there seems to be a lot of worry about"}, {"start": "00:01:53", "end": "00:01:58", "text": "inflation."}, {"start": "00:01:54", "end": "00:02:00", "text": "Yesterday's inflation number was high."}, {"start": "00:01:58", "end": "00:02:04", "text": "Today,"}, {"start": "00:02:00", "end": "00:02:06", "text": "wholesale prices jumped 6.3%"}, {"start": "00:02:04", "end": "00:02:09", "text": "in September."}, {"start": "00:02:06", "end": "00:02:13", "text": "Biggest gain since 2022."}, {"start": "00:02:09", "end": "00:02:16", "text": "Four years. This is what's happening."}, {"start": "00:02:13", "end": "00:02:18", "text": "People do not like the fact that prices"}, {"start": "00:02:16", "end": "00:02:21", "text": "are going higher and higher and higher"}, {"start": "00:02:18", "end": "00:02:24", "text": "and higher obviously right you could see"}, {"start": "00:02:21", "end": "00:02:28", "text": "the US market is opening up pretty red"}, {"start": "00:02:24", "end": "00:02:33", "text": "NASDAQ down 300 yesterday was a bad tech"}, {"start": "00:02:28", "end": "00:02:33", "text": "day it's happening right now"}, {"start": "00:02:34", "end": "00:02:40", "text": "so this is what's holding us back at"}, {"start": "00:02:37", "end": "00:02:44", "text": "this point and obviously what's going on"}, {"start": "00:02:40", "end": "00:02:47", "text": "in the Middle East and even in Europe up"}, {"start": "00:02:44", "end": "00:02:52", "text": "not helping this situation."}, {"start": "00:02:47", "end": "00:02:55", "text": "So now there's this gigantic bomb that I"}, {"start": "00:02:52", "end": "00:02:57", "text": "guess the US military"}, {"start": "00:02:55", "end": "00:03:01", "text": "labels it the mother of all bombs and"}, {"start": "00:02:57", "end": "00:03:03", "text": "they're considering using it if this war"}, {"start": "00:03:01", "end": "00:03:05", "text": "does not end soon. Now Trump did say"}, {"start": "00:03:03", "end": "00:03:07", "text": "he's not going to make any attacks until"}, {"start": "00:03:05", "end": "00:03:09", "text": "after midterms, but that may change"}, {"start": "00:03:07", "end": "00:03:11", "text": "because there is more escalation."}, {"start": "00:03:09", "end": "00:03:14", "text": "there's more tension now and there are"}, {"start": "00:03:11", "end": "00:03:17", "text": "more oil refineries getting hit and"}, {"start": "00:03:14", "end": "00:03:21", "text": "obviously oil is on a rise because of"}, {"start": "00:03:17", "end": "00:03:24", "text": "all this. So, I don't know. This is"}, {"start": "00:03:21", "end": "00:03:26", "text": "being talked about. And speaking of oil,"}, {"start": "00:03:24", "end": "00:03:28", "text": "same thing in Europe. You know, there"}, {"start": "00:03:26", "end": "00:03:31", "text": "was a ceasefire"}, {"start": "00:03:28", "end": "00:03:33", "text": "in terms of not attacking energy"}, {"start": "00:03:31", "end": "00:03:35", "text": "infrastructure. I guess not. Ukraine"}, {"start": "00:03:33", "end": "00:03:38", "text": "said Russia attacked theirs and now"}, {"start": "00:03:35", "end": "00:03:41", "text": "they're going to attack back. I mean, so"}, {"start": "00:03:38", "end": "00:03:43", "text": "again, none of this is helping right now"}, {"start": "00:03:41", "end": "00:03:45", "text": "with"}, {"start": "00:03:43", "end": "00:03:48", "text": "our inflation issues. Okay? It's not"}, {"start": "00:03:45", "end": "00:03:50", "text": "just the US around the world. gas and"}, {"start": "00:03:48", "end": "00:03:53", "text": "diesel and prices, everything"}, {"start": "00:03:50", "end": "00:03:58", "text": "skyrocketing all across the world. It's"}, {"start": "00:03:53", "end": "00:03:58", "text": "not just limited to the US."}, {"start": "00:03:58", "end": "00:04:05", "text": "And that is why you're seeing a global"}, {"start": "00:04:01", "end": "00:04:07", "text": "sell-off, okay? It's not just the US."}, {"start": "00:04:05", "end": "00:04:10", "text": "yesterday. What really caused Bitcoin to"}, {"start": "00:04:07", "end": "00:04:14", "text": "go down and break our like 81 82 level"}, {"start": "00:04:10", "end": "00:04:16", "text": "was uh"}, {"start": "00:04:14", "end": "00:04:21", "text": "South Korea, Asia"}, {"start": "00:04:16", "end": "00:04:24", "text": "down, down hard. Okay. Not well, I"}, {"start": "00:04:21", "end": "00:04:28", "text": "didn't want to get to that yet. Uh yeah,"}, {"start": "00:04:24", "end": "00:04:31", "text": "really really down and it's causing a"}, {"start": "00:04:28", "end": "00:04:33", "text": "lot of liquidations. So, I mean, Asia is"}, {"start": "00:04:31", "end": "00:04:36", "text": "just selling off. And then you're"}, {"start": "00:04:33", "end": "00:04:40", "text": "getting a ton of liquidations happening"}, {"start": "00:04:36", "end": "00:04:40", "text": "left and right."}, {"start": "00:04:42", "end": "00:04:48", "text": "And that brings us to where we are right"}, {"start": "00:04:45", "end": "00:04:52", "text": "now. Holding at 80K, trying to hold. We"}, {"start": "00:04:48", "end": "00:04:55", "text": "had [clears throat] 900"}, {"start": "00:04:52", "end": "00:04:58", "text": "million."}, {"start": "00:04:55", "end": "00:05:00", "text": "900 million."}, {"start": "00:04:58", "end": "00:05:06", "text": "close to a billion almost all of that"}, {"start": "00:05:00", "end": "00:05:08", "text": "like 90% of that on the long side."}, {"start": "00:05:06", "end": "00:05:11", "text": "I saw some famous trader or something on"}, {"start": "00:05:08", "end": "00:05:11", "text": "Hyperlid"}, {"start": "00:05:12", "end": "00:05:17", "text": "Machi or Mucci or something. This is"}, {"start": "00:05:14", "end": "00:05:19", "text": "some some guy. I don't know why people"}, {"start": "00:05:17", "end": "00:05:23", "text": "are tracking him. Supposedly, he's like"}, {"start": "00:05:19", "end": "00:05:26", "text": "a genius, right? He turned like 20k into"}, {"start": "00:05:23", "end": "00:05:28", "text": "12 million"}, {"start": "00:05:26", "end": "00:05:32", "text": "and he just got liquidated. He's back"}, {"start": "00:05:28", "end": "00:05:35", "text": "down to 20k. He took no profits. He was"}, {"start": "00:05:32", "end": "00:05:37", "text": "in the red for a long time and finally"}, {"start": "00:05:35", "end": "00:05:40", "text": "he got liquidated. So this is what I'm"}, {"start": "00:05:37", "end": "00:05:42", "text": "saying, right? Like in a bull run, all"}, {"start": "00:05:40", "end": "00:05:44", "text": "these traders, especially leverage"}, {"start": "00:05:42", "end": "00:05:46", "text": "traders, all look like they're geniuses."}, {"start": "00:05:44", "end": "00:05:48", "text": "Especially,"}, {"start": "00:05:46", "end": "00:05:50", "text": "you know, if they risk"}, {"start": "00:05:48", "end": "00:05:54", "text": "like some huge leverage and they get it"}, {"start": "00:05:50", "end": "00:05:57", "text": "right, yes, they look like a genius, but"}, {"start": "00:05:54", "end": "00:05:59", "text": "in bull in uh in less than ideal times,"}, {"start": "00:05:57", "end": "00:06:02", "text": "that's when"}, {"start": "00:05:59", "end": "00:06:04", "text": "they don't look as genius as before. So,"}, {"start": "00:06:02", "end": "00:06:08", "text": "all these guys are getting liquidated"}, {"start": "00:06:04", "end": "00:06:10", "text": "left and right. It's no good. And that's"}, {"start": "00:06:08", "end": "00:06:13", "text": "where we are. And this obviously it's"}, {"start": "00:06:10", "end": "00:06:16", "text": "not helping the situation, but we'll see"}, {"start": "00:06:13", "end": "00:06:18", "text": "if we can hold 80K today because we did"}, {"start": "00:06:16", "end": "00:06:22", "text": "have this flush and we are still above"}, {"start": "00:06:18", "end": "00:06:24", "text": "80K. So let's see if we can hold. That"}, {"start": "00:06:22", "end": "00:06:28", "text": "would be fantastic from a psychological"}, {"start": "00:06:24", "end": "00:06:30", "text": "level not to go back into the 70s ETF."}, {"start": "00:06:28", "end": "00:06:33", "text": "Yesterday we did have a outflow. It"}, {"start": "00:06:30", "end": "00:06:36", "text": "wasn't always I mean it wasn't that bad."}, {"start": "00:06:33", "end": "00:06:38", "text": "Uh we had a positive day before that."}, {"start": "00:06:36", "end": "00:06:42", "text": "So, it's kind of like up and down right"}, {"start": "00:06:38", "end": "00:06:44", "text": "now. I think most long-term holders,"}, {"start": "00:06:42", "end": "00:06:46", "text": "including institutional funds, they're"}, {"start": "00:06:44", "end": "00:06:48", "text": "not really leaving. Uh, of course, you"}, {"start": "00:06:46", "end": "00:06:51", "text": "have the panic sellers that do day"}, {"start": "00:06:48", "end": "00:06:53", "text": "trade, even the ETFs every day. That's"}, {"start": "00:06:51", "end": "00:06:55", "text": "why sometimes you see outflow, inflow,"}, {"start": "00:06:53", "end": "00:06:58", "text": "outflow, inflow, like surprising"}, {"start": "00:06:55", "end": "00:07:00", "text": "yesterday, ETH had a"}, {"start": "00:06:58", "end": "00:07:03", "text": "good day. I don't know how that works."}, {"start": "00:07:00", "end": "00:07:05", "text": "Um but"}, {"start": "00:07:03", "end": "00:07:09", "text": "yeah,"}, {"start": "00:07:05", "end": "00:07:13", "text": "so right now long-term holders still"}, {"start": "00:07:09", "end": "00:07:16", "text": "staying put, short-term holders"}, {"start": "00:07:13", "end": "00:07:21", "text": "exiting the market. Now, according to"}, {"start": "00:07:16", "end": "00:07:25", "text": "Bitwise, their CIO Matt Hogan"}, {"start": "00:07:21", "end": "00:07:28", "text": "says that almost every macro path ends"}, {"start": "00:07:25", "end": "00:07:29", "text": "with Bitcoin higher. I'm not 100% sure"}, {"start": "00:07:28", "end": "00:07:34", "text": "about this, but let's look at what he"}, {"start": "00:07:29", "end": "00:07:38", "text": "said. One, AI boom, scarce assets like"}, {"start": "00:07:34", "end": "00:07:42", "text": "Bitcoin win. So, if AI companies do"}, {"start": "00:07:38", "end": "00:07:44", "text": "continue to grow and their earnings are"}, {"start": "00:07:42", "end": "00:07:47", "text": "tremendous and they they lift up"}, {"start": "00:07:44", "end": "00:07:50", "text": "markets, it'll help Bitcoin."}, {"start": "00:07:47", "end": "00:07:53", "text": "Yeah, sort of. When money is flowing,"}, {"start": "00:07:50", "end": "00:07:56", "text": "um, you know, people start diversifying."}, {"start": "00:07:53", "end": "00:08:00", "text": "Yes. AI bust. Bitcoin dips first, then"}, {"start": "00:07:56", "end": "00:08:02", "text": "rallies on rate cuts and bailouts. Yes,"}, {"start": "00:08:00", "end": "00:08:04", "text": "but that's going to take a while for"}, {"start": "00:08:02", "end": "00:08:08", "text": "rate cuts, right? We're still talking"}, {"start": "00:08:04", "end": "00:08:09", "text": "about rate hikes right now and bailouts."}, {"start": "00:08:08", "end": "00:08:11", "text": "I that's going to take a while. That"}, {"start": "00:08:09", "end": "00:08:14", "text": "means a lot of banks and stuff will have"}, {"start": "00:08:11", "end": "00:08:16", "text": "to go under. So, yeah, I mean that will"}, {"start": "00:08:14", "end": "00:08:18", "text": "happen, but takes a it's going to take a"}, {"start": "00:08:16", "end": "00:08:19", "text": "while. It's like it's going to get it's"}, {"start": "00:08:18", "end": "00:08:22", "text": "going to get worse before it gets"}, {"start": "00:08:19", "end": "00:08:26", "text": "better. And then soft landing ETF inflow"}, {"start": "00:08:22", "end": "00:08:28", "text": "adoption keep pushing it up. Uh again"}, {"start": "00:08:26", "end": "00:08:31", "text": "that only happens in a in a good market"}, {"start": "00:08:28", "end": "00:08:35", "text": "right when a when a market is strong and"}, {"start": "00:08:31", "end": "00:08:36", "text": "liquidity is flowing then yes"}, {"start": "00:08:35", "end": "00:08:40", "text": "so pick your scenario Bitcoin wins in"}, {"start": "00:08:36", "end": "00:08:42", "text": "all of them yes sort of but there's"}, {"start": "00:08:40", "end": "00:08:45", "text": "other considerations"}, {"start": "00:08:42", "end": "00:08:48", "text": "that you have to take into account"}, {"start": "00:08:45", "end": "00:08:50", "text": "but you know what those of us that"}, {"start": "00:08:48", "end": "00:08:53", "text": "believe does not matter we'll continue"}, {"start": "00:08:50", "end": "00:08:56", "text": "to hold on DCA just like these companies"}, {"start": "00:08:53", "end": "00:08:59", "text": "like Smart web company. I talked about"}, {"start": "00:08:56", "end": "00:09:03", "text": "Strive yesterday, Sailor of course, and"}, {"start": "00:08:59", "end": "00:09:07", "text": "there are many others that continue DCA"}, {"start": "00:09:03", "end": "00:09:10", "text": "little bit at a time. That's how you do"}, {"start": "00:09:07", "end": "00:09:12", "text": "it, okay? Because when things flip"}, {"start": "00:09:10", "end": "00:09:16", "text": "around, they flip really quickly. Let's"}, {"start": "00:09:12", "end": "00:09:19", "text": "not forget Sailor went from negative"}, {"start": "00:09:16", "end": "00:09:22", "text": "12 billion to positive 12 billion within"}, {"start": "00:09:19", "end": "00:09:25", "text": "a matter of weeks."}, {"start": "00:09:22", "end": "00:09:28", "text": "Okay? So when things are down,"}, {"start": "00:09:25", "end": "00:09:30", "text": "yeah, it looks bad, but with Bitcoin and"}, {"start": "00:09:28", "end": "00:09:34", "text": "crypto, things can turn around really,"}, {"start": "00:09:30", "end": "00:09:37", "text": "really quickly."}, {"start": "00:09:34", "end": "00:09:39", "text": "So continue to huddle on DCA. And if you"}, {"start": "00:09:37", "end": "00:09:42", "text": "look at the metrics, I mean, nothing"}, {"start": "00:09:39", "end": "00:09:46", "text": "really has changed over the last few"}, {"start": "00:09:42", "end": "00:09:51", "text": "weeks. Whale holdings are still skyhigh."}, {"start": "00:09:46", "end": "00:09:53", "text": "Obviously, whale holdings people believe"}, {"start": "00:09:51", "end": "00:09:56", "text": "that we are turning around. We're coming"}, {"start": "00:09:53", "end": "00:09:58", "text": "up from our bottom and better days are"}, {"start": "00:09:56", "end": "00:10:01", "text": "are ahead of us. This is why people the"}, {"start": "00:09:58", "end": "00:10:04", "text": "whales are loading up, right? So, that's"}, {"start": "00:10:01", "end": "00:10:07", "text": "not going to change like overnight just"}, {"start": "00:10:04", "end": "00:10:11", "text": "because of a few days of down."}, {"start": "00:10:07", "end": "00:10:15", "text": "Uh if you look at this analyst also 84%"}, {"start": "00:10:11", "end": "00:10:17", "text": "of analysts are bullish up from 37%."}, {"start": "00:10:15", "end": "00:10:22", "text": "I'm in there. I don't know if I'm one of"}, {"start": "00:10:17", "end": "00:10:28", "text": "the 164, but I've been bullish forever."}, {"start": "00:10:22", "end": "00:10:30", "text": "Even even when we were low at 15K, 16K,"}, {"start": "00:10:28", "end": "00:10:34", "text": "I remain bullish as I understand,"}, {"start": "00:10:30", "end": "00:10:36", "text": "especially about money and financial"}, {"start": "00:10:34", "end": "00:10:39", "text": "and the financial institutions are just"}, {"start": "00:10:36", "end": "00:10:41", "text": "built"}, {"start": "00:10:39", "end": "00:10:43", "text": "on a house of cards and they're all"}, {"start": "00:10:41", "end": "00:10:47", "text": "going topple eventually. So you need to"}, {"start": "00:10:43", "end": "00:10:50", "text": "hold on assets, scarce assets like"}, {"start": "00:10:47", "end": "00:10:52", "text": "Bitcoin."}, {"start": "00:10:50", "end": "00:10:55", "text": "All right. Uh last few things about"}, {"start": "00:10:52", "end": "00:10:58", "text": "Bitcoin. So this is where we are, right?"}, {"start": "00:10:55", "end": "00:11:00", "text": "We may have that that retest of this"}, {"start": "00:10:58", "end": "00:11:02", "text": "trend line. Okay. And actually this"}, {"start": "00:11:00", "end": "00:11:06", "text": "trend line has been going on for a long"}, {"start": "00:11:02", "end": "00:11:08", "text": "time since 20 2018."}, {"start": "00:11:06", "end": "00:11:11", "text": "Hasn't failed. I don't know what kind of"}, {"start": "00:11:08", "end": "00:11:13", "text": "trend line this is, right? We have a lot"}, {"start": "00:11:11", "end": "00:11:15", "text": "of these are like moving averages or"}, {"start": "00:11:13", "end": "00:11:20", "text": "something but this just a random drawn"}, {"start": "00:11:15", "end": "00:11:21", "text": "line. It works on a longer term scale"}, {"start": "00:11:20", "end": "00:11:24", "text": "and [snorts]"}, {"start": "00:11:21", "end": "00:11:25", "text": "remind you guys that a lot of times this"}, {"start": "00:11:24", "end": "00:11:29", "text": "happens"}, {"start": "00:11:25", "end": "00:11:33", "text": "especially before run up."}, {"start": "00:11:29", "end": "00:11:34", "text": "We have seen this scenario before"}, {"start": "00:11:33", "end": "00:11:37", "text": "where it seems like we're losing"}, {"start": "00:11:34", "end": "00:11:40", "text": "momentum"}, {"start": "00:11:37", "end": "00:11:43", "text": "and boom,"}, {"start": "00:11:40", "end": "00:11:45", "text": "bullish flag happens and then we go"}, {"start": "00:11:43", "end": "00:11:48", "text": "higher."}, {"start": "00:11:45", "end": "00:11:52", "text": "So stay strong my friends. Just think of"}, {"start": "00:11:48", "end": "00:11:54", "text": "it as a another buying opportunity right"}, {"start": "00:11:52", "end": "00:11:58", "text": "now."}, {"start": "00:11:54", "end": "00:12:00", "text": "Uh last few things. Uh you know, a lot"}, {"start": "00:11:58", "end": "00:12:02", "text": "of people talking about AI. Obviously, I"}, {"start": "00:12:00", "end": "00:12:05", "text": "do too. I'm working with it. A lot of a"}, {"start": "00:12:02", "end": "00:12:07", "text": "lot of AI companies are not doing good"}, {"start": "00:12:05", "end": "00:12:10", "text": "right now. They're being sold off. But"}, {"start": "00:12:07", "end": "00:12:15", "text": "are they really weak or not?"}, {"start": "00:12:10", "end": "00:12:17", "text": "Well, I mean, this tells you TSMC, who's"}, {"start": "00:12:15", "end": "00:12:20", "text": "one of the biggest chip makers of the"}, {"start": "00:12:17", "end": "00:12:22", "text": "world. They produce chips for Nvidia and"}, {"start": "00:12:20", "end": "00:12:24", "text": "many other companies. post record profit"}, {"start": "00:12:22", "end": "00:12:27", "text": "for six straight quarters, beating"}, {"start": "00:12:24", "end": "00:12:30", "text": "estimates on AI boom. Micron, Samsung,"}, {"start": "00:12:27", "end": "00:12:34", "text": "anyone that's been reporting is making"}, {"start": "00:12:30", "end": "00:12:37", "text": "money hand over fist. Okay, it's not"}, {"start": "00:12:34", "end": "00:12:39", "text": "slowing down. It's only accelerating,"}, {"start": "00:12:37", "end": "00:12:40", "text": "but people are selling off because"}, {"start": "00:12:39", "end": "00:12:45", "text": "they're worried and they think there's"}, {"start": "00:12:40", "end": "00:12:48", "text": "AI bust coming and and it's all going to"}, {"start": "00:12:45", "end": "00:12:50", "text": "collapse. It's really not."}, {"start": "00:12:48", "end": "00:12:52", "text": "I don't think people realize that this"}, {"start": "00:12:50", "end": "00:12:54", "text": "is only going to accelerate."}, {"start": "00:12:52", "end": "00:12:57", "text": "And uh and here's another example."}, {"start": "00:12:54", "end": "00:12:59", "text": "Anthropic, they're about to go IPO next"}, {"start": "00:12:57", "end": "00:13:02", "text": "month. So they just released their"}, {"start": "00:12:59", "end": "00:13:05", "text": "internal numbers. Okay. In third"}, {"start": "00:13:02", "end": "00:13:07", "text": "quarter, they doubled their revenue from"}, {"start": "00:13:05", "end": "00:13:11", "text": "the second quarter."}, {"start": "00:13:07", "end": "00:13:15", "text": "Over 100% growth. That means if they"}, {"start": "00:13:11", "end": "00:13:19", "text": "have another 100% growth in Q4, they're"}, {"start": "00:13:15", "end": "00:13:21", "text": "looking at a 30 to40 billion"}, {"start": "00:13:19", "end": "00:13:23", "text": "quarter."}, {"start": "00:13:21", "end": "00:13:26", "text": "Dario says they anticipate they will hit"}, {"start": "00:13:23", "end": "00:13:28", "text": "a hundred billion in total revenue this"}, {"start": "00:13:26", "end": "00:13:30", "text": "year. So they're trying to get a two"}, {"start": "00:13:28", "end": "00:13:32", "text": "trillion valuation. And at this point, I"}, {"start": "00:13:30", "end": "00:13:36", "text": "believe them because their models are so"}, {"start": "00:13:32", "end": "00:13:38", "text": "far ahead of the competition"}, {"start": "00:13:36", "end": "00:13:40", "text": "like there's nothing stopping them. and"}, {"start": "00:13:38", "end": "00:13:42", "text": "they're actually giving good usage, too."}, {"start": "00:13:40", "end": "00:13:46", "text": "So, yeah, they're they're on a roll. And"}, {"start": "00:13:42", "end": "00:13:50", "text": "Anthropic, of course, is leading the way"}, {"start": "00:13:46", "end": "00:13:52", "text": "in terms of buying chips and data"}, {"start": "00:13:50", "end": "00:13:55", "text": "centers and all that stuff and memory."}, {"start": "00:13:52", "end": "00:13:57", "text": "That's why I don't think things are"}, {"start": "00:13:55", "end": "00:14:00", "text": "going to slow down anytime soon. They're"}, {"start": "00:13:57", "end": "00:14:03", "text": "only going to accelerate, but the sell"}, {"start": "00:14:00", "end": "00:14:05", "text": "off"}, {"start": "00:14:03", "end": "00:14:08", "text": "may continue for a while until people"}, {"start": "00:14:05", "end": "00:14:11", "text": "realize ah it's probably too cheap and"}, {"start": "00:14:08", "end": "00:14:15", "text": "we need to load up again. All right,"}, {"start": "00:14:11", "end": "00:14:17", "text": "that's pretty much it today. Just not"}, {"start": "00:14:15", "end": "00:14:21", "text": "looking good because of another bad"}, {"start": "00:14:17", "end": "00:14:21", "text": "inflation reading."}, {"start": "00:14:21", "end": "00:14:25", "text": "We're clinging on to 80K"}, {"start": "00:14:26", "end": "00:14:34", "text": "and uh my portfolio here, my watch list"}, {"start": "00:14:29", "end": "00:14:34", "text": "here is not looking good. Uh ETH,"}, {"start": "00:14:35", "end": "00:14:41", "text": "it's not loading. There we go. Down 5%."}, {"start": "00:14:44", "end": "00:14:48", "text": "Sold down."}, {"start": "00:14:46", "end": "00:14:50", "text": "Come on now. Why is this Why is this"}, {"start": "00:14:48", "end": "00:14:53", "text": "delayed?"}, {"start": "00:14:50", "end": "00:14:53", "text": "4%."}, {"start": "00:14:56", "end": "00:15:01", "text": "But you know, the good news is"}, {"start": "00:15:00", "end": "00:15:04", "text": "Clashpad is still giving out a lot of"}, {"start": "00:15:01", "end": "00:15:07", "text": "rewards."}, {"start": "00:15:04", "end": "00:15:08", "text": "Over 1,500 now. Things have slowed down"}, {"start": "00:15:07", "end": "00:15:10", "text": "a little bit. Obviously with the market,"}, {"start": "00:15:08", "end": "00:15:13", "text": "people are not trading as much. Those"}, {"start": "00:15:10", "end": "00:15:17", "text": "bots that help us gain the rewards"}, {"start": "00:15:13", "end": "00:15:20", "text": "slowed down, but still. [snorts]"}, {"start": "00:15:17", "end": "00:15:23", "text": "Front Line and Clashworld."}, {"start": "00:15:20", "end": "00:15:26", "text": "I made big progress with both."}, {"start": "00:15:23", "end": "00:15:30", "text": "Uh the huge city in Clashworld is"}, {"start": "00:15:26", "end": "00:15:33", "text": "looking good and it is huge. I'm I'm"}, {"start": "00:15:30", "end": "00:15:36", "text": "like if you're walking your Kuro around"}, {"start": "00:15:33", "end": "00:15:38", "text": "it would take you I don't know take you"}, {"start": "00:15:36", "end": "00:15:41", "text": "forever to go from one end of the town"}, {"start": "00:15:38", "end": "00:15:42", "text": "to the other. Even driving takes you a"}, {"start": "00:15:41", "end": "00:15:44", "text": "long time. That's how big the map is."}, {"start": "00:15:42", "end": "00:15:46", "text": "That's what I'm dealing with. you could"}, {"start": "00:15:44", "end": "00:15:51", "text": "l literally like live in there and"}, {"start": "00:15:46", "end": "00:15:54", "text": "explore for months or years. Um, so I'm"}, {"start": "00:15:51", "end": "00:15:56", "text": "getting that. And Front Line is looking"}, {"start": "00:15:54", "end": "00:15:58", "text": "really good right now. The only problem"}, {"start": "00:15:56", "end": "00:16:00", "text": "with Front Line is I have to do a lot of"}, {"start": "00:15:58", "end": "00:16:03", "text": "optimizations because the maps are so"}, {"start": "00:16:00", "end": "00:16:06", "text": "gorgeous and so big. Like I have a new"}, {"start": "00:16:03", "end": "00:16:09", "text": "map in Front Line that could fit 40"}, {"start": "00:16:06", "end": "00:16:13", "text": "players easily. You could do a 20v20"}, {"start": "00:16:09", "end": "00:16:16", "text": "inside a mall and it's gorgeous. Um, but"}, {"start": "00:16:13", "end": "00:16:18", "text": "there's so many shops and there's so"}, {"start": "00:16:16", "end": "00:16:21", "text": "many items being rendered. If you don't"}, {"start": "00:16:18", "end": "00:16:24", "text": "have a really powerful GPU, it's going"}, {"start": "00:16:21", "end": "00:16:27", "text": "to be laggy. So, I'm trying to redo all"}, {"start": "00:16:24", "end": "00:16:29", "text": "everything so that even people with,"}, {"start": "00:16:27", "end": "00:16:32", "text": "you know, play on their laptops or"}, {"start": "00:16:29", "end": "00:16:34", "text": "without any heavy GPUs are able to play"}, {"start": "00:16:32", "end": "00:16:38", "text": "without lag. And that's what I'm doing."}, {"start": "00:16:34", "end": "00:16:40", "text": "So, a lot of optimizations of"}, {"start": "00:16:38", "end": "00:16:42", "text": "performance right now. So hopefully I"}, {"start": "00:16:40", "end": "00:16:44", "text": "can get it done by tomorrow, but I don't"}, {"start": "00:16:42", "end": "00:16:46", "text": "know. I may not want to rush it. If not"}, {"start": "00:16:44", "end": "00:16:49", "text": "tomorrow, then it'll be this weekend,"}, {"start": "00:16:46", "end": "00:16:51", "text": "like on Sunday."}, {"start": "00:16:49", "end": "00:16:53", "text": "So just to give you guys a heads up. And"}, {"start": "00:16:51", "end": "00:16:56", "text": "I'm working on that cool trailer, too."}, {"start": "00:16:53", "end": "00:17:01", "text": "It's It's really cool. And added more"}, {"start": "00:16:56", "end": "00:17:03", "text": "stuff like uh orange of Bitcoin camo,"}, {"start": "00:17:01", "end": "00:17:05", "text": "ETH"}, {"start": "00:17:03", "end": "00:17:09", "text": "camo,"}, {"start": "00:17:05", "end": "00:17:12", "text": "uh more face masks. Where's the face"}, {"start": "00:17:09", "end": "00:17:12", "text": "mask?"}, {"start": "00:17:15", "end": "00:17:21", "text": "You know, stuff like this that people"}, {"start": "00:17:17", "end": "00:17:23", "text": "will be able to acquire,"}, {"start": "00:17:21", "end": "00:17:26", "text": "right? A lot of this is like you can"}, {"start": "00:17:23", "end": "00:17:29", "text": "already see like free for everyone."}, {"start": "00:17:26", "end": "00:17:32", "text": "You get you get these from like leveling"}, {"start": "00:17:29", "end": "00:17:35", "text": "and then some will be uh purchased"}, {"start": "00:17:32", "end": "00:17:38", "text": "through PClash which is given out"}, {"start": "00:17:35", "end": "00:17:43", "text": "and then uh there'll be others that you"}, {"start": "00:17:38", "end": "00:17:43", "text": "actually pay FPS for"}, {"start": "00:17:44", "end": "00:17:49", "text": "and then uh and then ones that you only"}, {"start": "00:17:46", "end": "00:17:53", "text": "earn by going through our tournaments."}, {"start": "00:17:49", "end": "00:17:55", "text": "So, a lot of cool stuff"}, {"start": "00:17:53", "end": "00:17:57", "text": "and the new weapons and stuff are"}, {"start": "00:17:55", "end": "00:18:00", "text": "insane. I'll tell you that. I was"}, {"start": "00:17:57", "end": "00:18:04", "text": "testing out a lot of these. Like, if if"}, {"start": "00:18:00", "end": "00:18:06", "text": "you can acquire this gun, the Helios"}, {"start": "00:18:04", "end": "00:18:10", "text": "X1,"}, {"start": "00:18:06", "end": "00:18:15", "text": "it's just in it's just insane."}, {"start": "00:18:10", "end": "00:18:15", "text": "Uh, all right, let's do some Kune."}, {"start": "00:18:37", "end": "00:18:43", "text": "Sorry, I was in uh mute. Is this better"}, {"start": "00:18:40", "end": "00:18:45", "text": "than Hood Warfare 2? Yes, by a lot. By"}, {"start": "00:18:43", "end": "00:18:49", "text": "miles. This is I I'm aiming my goal is"}, {"start": "00:18:45", "end": "00:18:52", "text": "aiming for like Battlefield and Call of"}, {"start": "00:18:49", "end": "00:18:54", "text": "Duty. Um, I'm not gonna get there in"}, {"start": "00:18:52", "end": "00:18:56", "text": "terms of like storyline and campaign and"}, {"start": "00:18:54", "end": "00:19:01", "text": "all the cinematic movies and stuff that"}, {"start": "00:18:56", "end": "00:19:03", "text": "they have, but in terms of multiplayer,"}, {"start": "00:19:01", "end": "00:19:06", "text": "in terms of the maps,"}, {"start": "00:19:03", "end": "00:19:11", "text": "and of course, we have things that they"}, {"start": "00:19:06", "end": "00:19:13", "text": "don't have like a real cryptocurrency."}, {"start": "00:19:11", "end": "00:19:16", "text": "So, I think it was it's going to be"}, {"start": "00:19:13", "end": "00:19:18", "text": "wild. It's be really wild. I just had to"}, {"start": "00:19:16", "end": "00:19:21", "text": "get performance down. Especially for"}, {"start": "00:19:18", "end": "00:19:22", "text": "people that don't have really good GPUs."}, {"start": "00:19:21", "end": "00:19:24", "text": "I don't even have a good GPU. If you"}, {"start": "00:19:22", "end": "00:19:27", "text": "have like a 5090 or 4090, you don't have"}, {"start": "00:19:24", "end": "00:19:30", "text": "to worry about it. Things will be like"}, {"start": "00:19:27", "end": "00:19:32", "text": "running at 4K and and it be no lag at"}, {"start": "00:19:30", "end": "00:19:34", "text": "all. But the problem is most people"}, {"start": "00:19:32", "end": "00:19:35", "text": "don't have those video cards. Most"}, {"start": "00:19:34", "end": "00:19:39", "text": "people have like really shitty video"}, {"start": "00:19:35", "end": "00:19:42", "text": "cards. That's where the adjustment comes"}, {"start": "00:19:39", "end": "00:19:42", "text": "in."}, {"start": "00:19:51", "end": "00:19:56", "text": "Nothing new, huh?"}, {"start": "00:19:54", "end": "00:19:56", "text": "[snorts]"}, {"start": "00:20:07", "end": "00:20:13", "text": "My screen's all screwy. Can't see what's"}, {"start": "00:20:10", "end": "00:20:13", "text": "on my screen."}, {"start": "00:20:26", "end": "00:20:30", "text": "Can Front Line be play on MacBook Pro?"}, {"start": "00:20:28", "end": "00:20:33", "text": "Yeah, of course. It's a browser based"}, {"start": "00:20:30", "end": "00:20:34", "text": "game, so as long as you have a browser,"}, {"start": "00:20:33", "end": "00:20:36", "text": "you could play. You can even play"}, {"start": "00:20:34", "end": "00:20:39", "text": "mobile, but I don't I don't recommend"}, {"start": "00:20:36", "end": "00:20:41", "text": "it. The controls just kind of suck. I"}, {"start": "00:20:39", "end": "00:20:44", "text": "mean, there's really no way you can"}, {"start": "00:20:41", "end": "00:20:47", "text": "simulate"}, {"start": "00:20:44", "end": "00:20:52", "text": "like controls better on a mobile device."}, {"start": "00:20:47", "end": "00:20:52", "text": "Um, but any any browser"}, {"start": "00:21:09", "end": "00:21:15", "text": "Uh, did I hear GTA V got put on browser?"}, {"start": "00:21:12", "end": "00:21:18", "text": "Yeah, I did. They took it down and then"}, {"start": "00:21:15", "end": "00:21:22", "text": "someone else rehosted it."}, {"start": "00:21:18", "end": "00:21:25", "text": "It's pretty pretty amazing."}, {"start": "00:21:22", "end": "00:21:27", "text": "So, Clash World would be just like that,"}, {"start": "00:21:25", "end": "00:21:31", "text": "but"}, {"start": "00:21:27", "end": "00:21:31", "text": "even more amazing."}, {"start": "00:21:51", "end": "00:22:00", "text": "It is a brutal market right now. Intel's"}, {"start": "00:21:54", "end": "00:22:06", "text": "down 7% 8%. AMD is down 7%."}, {"start": "00:22:00", "end": "00:22:08", "text": "Micro Strategy down 5%. Hood down 6%."}, {"start": "00:22:06", "end": "00:22:11", "text": "It is"}, {"start": "00:22:08", "end": "00:22:15", "text": "It is brutal right now."}, {"start": "00:22:11", "end": "00:22:15", "text": "Micro Strategy down 5%."}, {"start": "00:22:15", "end": "00:22:23", "text": "Dell down 10% right now. Why?"}, {"start": "00:22:21", "end": "00:22:25", "text": "See, this is where it like it starts not"}, {"start": "00:22:23", "end": "00:22:27", "text": "making any sense because this is just"}, {"start": "00:22:25", "end": "00:22:29", "text": "like a overreaction. Everyone just wants"}, {"start": "00:22:27", "end": "00:22:32", "text": "to like dump."}, {"start": "00:22:29", "end": "00:22:37", "text": "But Dell had one of the best quarters in"}, {"start": "00:22:32", "end": "00:22:41", "text": "company history. HP also had it. um"}, {"start": "00:22:37", "end": "00:22:44", "text": "Sandis, Micron, they all had like the"}, {"start": "00:22:41", "end": "00:22:46", "text": "best quarter set that they ever had. And"}, {"start": "00:22:44", "end": "00:22:49", "text": "I just showed TSMC"}, {"start": "00:22:46", "end": "00:22:50", "text": "having a spectacular quarter yet, you"}, {"start": "00:22:49", "end": "00:22:52", "text": "know, they're all being sold off. So,"}, {"start": "00:22:50", "end": "00:22:55", "text": "this is where this is where like"}, {"start": "00:22:52", "end": "00:22:57", "text": "opportunities exist because I don't know"}, {"start": "00:22:55", "end": "00:23:00", "text": "how long this will go for, but"}, {"start": "00:22:57", "end": "00:23:02", "text": "eventually they're going to be so cheap"}, {"start": "00:23:00", "end": "00:23:05", "text": "that's when everyone starts buying"}, {"start": "00:23:02", "end": "00:23:07", "text": "again, right? But this is what happens"}, {"start": "00:23:05", "end": "00:23:11", "text": "when"}, {"start": "00:23:07", "end": "00:23:13", "text": "a lot of people are just very scared."}, {"start": "00:23:11", "end": "00:23:15", "text": "And same thing with Bitcoin."}, {"start": "00:23:13", "end": "00:23:18", "text": "Unfortunately, just dropped below 80."}, {"start": "00:23:15", "end": "00:23:23", "text": "Let's see if we could recover that."}, {"start": "00:23:18", "end": "00:23:25", "text": "Like if you look at this is a point like"}, {"start": "00:23:23", "end": "00:23:30", "text": "right around Yeah, like right around"}, {"start": "00:23:25", "end": "00:23:30", "text": "where we are. Should be where we bounce."}, {"start": "00:23:44", "end": "00:23:49", "text": "I hope uh"}, {"start": "00:23:47", "end": "00:23:52", "text": "I hope Fable 55 comes out today from"}, {"start": "00:23:49", "end": "00:23:54", "text": "Anthropic."}, {"start": "00:23:52", "end": "00:23:58", "text": "They've held on to it for a while. I"}, {"start": "00:23:54", "end": "00:24:00", "text": "mean, Opus is already amazing."}, {"start": "00:23:58", "end": "00:24:03", "text": "It's a little slow, but it's amazing."}, {"start": "00:24:00", "end": "00:24:05", "text": "But if Fable 55 could be cheap and even"}, {"start": "00:24:03", "end": "00:24:10", "text": "smarter,"}, {"start": "00:24:05", "end": "00:24:13", "text": "and it's it's like game over."}, {"start": "00:24:10", "end": "00:24:13", "text": "Game over, everyone."}, {"start": "00:24:38", "end": "00:24:46", "text": "Chan Ming Chung is regarding China being"}, {"start": "00:24:42", "end": "00:24:47", "text": "produced faster than US than the US."}, {"start": "00:24:46", "end": "00:24:50", "text": "Market didn't like that at all. Uh"}, {"start": "00:24:47", "end": "00:24:52", "text": "actually has nothing to do with that."}, {"start": "00:24:50", "end": "00:24:54", "text": "I don't know what you're referring to,"}, {"start": "00:24:52", "end": "00:24:56", "text": "but"}, {"start": "00:24:54", "end": "00:24:59", "text": "if you're talking about like chips and"}, {"start": "00:24:56", "end": "00:25:01", "text": "stuff, Huawei is trying to make chips"}, {"start": "00:24:59", "end": "00:25:05", "text": "and"}, {"start": "00:25:01", "end": "00:25:07", "text": "you know, the the the Chinese AI"}, {"start": "00:25:05", "end": "00:25:08", "text": "companies, they they all seem to have"}, {"start": "00:25:07", "end": "00:25:11", "text": "stopped progress. I I don't know what"}, {"start": "00:25:08", "end": "00:25:14", "text": "happened. Ever since Enthropic figured"}, {"start": "00:25:11", "end": "00:25:15", "text": "out how to stop them from distilling,"}, {"start": "00:25:14", "end": "00:25:18", "text": "they have stopped coming out with"}, {"start": "00:25:15", "end": "00:25:21", "text": "models. you know, these Chinese makers"}, {"start": "00:25:18", "end": "00:25:22", "text": "were coming out like flash models left"}, {"start": "00:25:21", "end": "00:25:25", "text": "and right"}, {"start": "00:25:22", "end": "00:25:27", "text": "um like within weeks of each other"}, {"start": "00:25:25", "end": "00:25:30", "text": "because"}, {"start": "00:25:27", "end": "00:25:33", "text": "all they did was distill Opus or Fable."}, {"start": "00:25:30", "end": "00:25:35", "text": "And now Anthropic stopped that and they"}, {"start": "00:25:33", "end": "00:25:36", "text": "haven't released a model in months."}, {"start": "00:25:35", "end": "00:25:38", "text": "[snorts]"}, {"start": "00:25:36", "end": "00:25:40", "text": "Now they're really behind. Even Google's"}, {"start": "00:25:38", "end": "00:25:43", "text": "new model,"}, {"start": "00:25:40", "end": "00:25:46", "text": "Gemini 4"}, {"start": "00:25:43", "end": "00:25:49", "text": "Argon, I've been using it the last"}, {"start": "00:25:46", "end": "00:25:52", "text": "couple days. It's not a bad model, but"}, {"start": "00:25:49", "end": "00:25:56", "text": "it's you get really bad usage. Even on a"}, {"start": "00:25:52", "end": "00:25:59", "text": "$100 plan, you run out of that within,"}, {"start": "00:25:56", "end": "00:26:03", "text": "you know, a few days. And this five hour"}, {"start": "00:25:59", "end": "00:26:06", "text": "thing they implemented sucks. So,"}, {"start": "00:26:03", "end": "00:26:10", "text": "even Google's starting to catch up sort"}, {"start": "00:26:06", "end": "00:26:12", "text": "of, but still it's not not really."}, {"start": "00:26:10", "end": "00:26:15", "text": "And I don't know what happened to to"}, {"start": "00:26:12", "end": "00:26:19", "text": "Open AI."}, {"start": "00:26:15", "end": "00:26:19", "text": "They're just they're just behind now."}, {"start": "00:26:26", "end": "00:26:30", "text": "I'm only buying ATS at this point. Might"}, {"start": "00:26:28", "end": "00:26:33", "text": "as well grow my dividends. You know what"}, {"start": "00:26:30", "end": "00:26:38", "text": "else will grow"}, {"start": "00:26:33", "end": "00:26:38", "text": "by holding Clashpad projects"}, {"start": "00:26:39", "end": "00:26:44", "text": "like Front Line and CWD and many others."}, {"start": "00:26:42", "end": "00:26:47", "text": "I know a lot of these a lot of these"}, {"start": "00:26:44", "end": "00:26:48", "text": "guys who have created in Discord,"}, {"start": "00:26:47", "end": "00:26:50", "text": "they're doing their they're doing"}, {"start": "00:26:48", "end": "00:26:52", "text": "whatever they can. It's hard when the"}, {"start": "00:26:50", "end": "00:26:54", "text": "market's down, but they're creating"}, {"start": "00:26:52", "end": "00:26:57", "text": "their own groups, you know, their"}, {"start": "00:26:54", "end": "00:26:59", "text": "socials, coming out videos,"}, {"start": "00:26:57", "end": "00:27:01", "text": "and uh, you know, they're very"}, {"start": "00:26:59", "end": "00:27:05", "text": "encouraging of each other, and [snorts]"}, {"start": "00:27:01", "end": "00:27:09", "text": "that's what you need, right?"}, {"start": "00:27:05", "end": "00:27:09", "text": "And you get reward for holding."}, {"start": "00:27:24", "end": "00:27:30", "text": "UND. I used all of them. They're"}, {"start": "00:27:26", "end": "00:27:34", "text": "garbage. Astra is the only good thing"}, {"start": "00:27:30", "end": "00:27:38", "text": "about Astra is that it's fast and 6.1"}, {"start": "00:27:34", "end": "00:27:41", "text": "Soul is damn slow."}, {"start": "00:27:38", "end": "00:27:44", "text": "The only good thing about"}, {"start": "00:27:41", "end": "00:27:47", "text": "6.1 [clears throat] Soul is um the usage"}, {"start": "00:27:44", "end": "00:27:48", "text": "is good, but I I can't have inferior"}, {"start": "00:27:47", "end": "00:27:51", "text": "models anymore. So, I used to before"}, {"start": "00:27:48", "end": "00:27:54", "text": "when I was still like programming for As"}, {"start": "00:27:51", "end": "00:27:57", "text": "Clash or or Clashpad or whatever, like"}, {"start": "00:27:54", "end": "00:27:59", "text": "using like an inferior model is fine."}, {"start": "00:27:57", "end": "00:28:04", "text": "They could still all code, but if you're"}, {"start": "00:27:59", "end": "00:28:06", "text": "if you get into like 3D gaming coding,"}, {"start": "00:28:04", "end": "00:28:08", "text": "like I've asked all the models, right,"}, {"start": "00:28:06", "end": "00:28:10", "text": "go create a fire, a realistic fire."}, {"start": "00:28:08", "end": "00:28:13", "text": "something that I can only use in Clash"}, {"start": "00:28:10", "end": "00:28:16", "text": "World or Front Line."}, {"start": "00:28:13", "end": "00:28:18", "text": "And you'll see the difference like the"}, {"start": "00:28:16", "end": "00:28:24", "text": "difference between like a lower model"}, {"start": "00:28:18", "end": "00:28:28", "text": "like Muse or Gemini or Chat GBT with"}, {"start": "00:28:24", "end": "00:28:30", "text": "their like Soul or whatever. I've used"}, {"start": "00:28:28", "end": "00:28:34", "text": "them all and they all look horrible."}, {"start": "00:28:30", "end": "00:28:37", "text": "They can't do it. The new Muse Muse"}, {"start": "00:28:34", "end": "00:28:40", "text": "Wonder is horrible."}, {"start": "00:28:37", "end": "00:28:43", "text": "um with 3D graphics."}, {"start": "00:28:40", "end": "00:28:45", "text": "So there's a big difference between like"}, {"start": "00:28:43", "end": "00:28:47", "text": "capabilities and models. If you're just"}, {"start": "00:28:45", "end": "00:28:49", "text": "asking questions, you're asking to build"}, {"start": "00:28:47", "end": "00:28:51", "text": "a website, they go all do it. That"}, {"start": "00:28:49", "end": "00:28:55", "text": "that's easy. If you ask to do like"}, {"start": "00:28:51", "end": "00:28:57", "text": "regular coding stuff, grock, all good."}, {"start": "00:28:55", "end": "00:29:01", "text": "you ask them to do intensive like 3D"}, {"start": "00:28:57", "end": "00:29:03", "text": "modeling or graphic design"}, {"start": "00:29:01", "end": "00:29:06", "text": "or like things that require a lot of"}, {"start": "00:29:03", "end": "00:29:09", "text": "just you know a lot of moving pieces"}, {"start": "00:29:06", "end": "00:29:12", "text": "logic stuff that's where like Opus is so"}, {"start": "00:29:09", "end": "00:29:14", "text": "far ahead it's not even funny. Opus and"}, {"start": "00:29:12", "end": "00:29:17", "text": "Fable and now even Sonnet are so far"}, {"start": "00:29:14", "end": "00:29:17", "text": "ahead."}, {"start": "00:29:21", "end": "00:29:27", "text": "Hey, we reclaimed we reclaimed 80k."}, {"start": "00:29:25", "end": "00:29:29", "text": "That's good. So, we did bounce off that"}, {"start": "00:29:27", "end": "00:29:30", "text": "798, which looks like it is a"}, {"start": "00:29:29", "end": "00:29:33", "text": "resistance. I mean, that that is"}, {"start": "00:29:30", "end": "00:29:35", "text": "something that"}, {"start": "00:29:33", "end": "00:29:39", "text": "I mean, it's support, but it used to be"}, {"start": "00:29:35", "end": "00:29:39", "text": "resistance, so that's good."}, {"start": "00:29:44", "end": "00:29:46", "text": "[snorts]"}, {"start": "00:29:48", "end": "00:29:55", "text": "Uh I'm using yeah Anthropic Cloud"}, {"start": "00:29:52", "end": "00:29:58", "text": "basically Opus all day long."}, {"start": "00:29:55", "end": "00:30:02", "text": "I do I do use occasionally like Grock or"}, {"start": "00:29:58", "end": "00:30:04", "text": "or um GPT to do code reviews and because"}, {"start": "00:30:02", "end": "00:30:08", "text": "I have generous usage you know a lot of"}, {"start": "00:30:04", "end": "00:30:13", "text": "times I tell Opus to go use them to to"}, {"start": "00:30:08", "end": "00:30:19", "text": "do like side work. Um,"}, {"start": "00:30:13", "end": "00:30:19", "text": "so yeah, that's how that's how it is."}, {"start": "00:30:28", "end": "00:30:32", "text": "Kimmy K is far better than US models"}, {"start": "00:30:30", "end": "00:30:35", "text": "maybe like six months ago. Now it's"}, {"start": "00:30:32", "end": "00:30:37", "text": "really behind. It's really, really"}, {"start": "00:30:35", "end": "00:30:38", "text": "behind. And usage on Kimmy has always"}, {"start": "00:30:37", "end": "00:30:41", "text": "been horrible. I've always said that"}, {"start": "00:30:38", "end": "00:30:42", "text": "from day one. Even if you get one of"}, {"start": "00:30:41", "end": "00:30:46", "text": "their higher plans, you run out of usage"}, {"start": "00:30:42", "end": "00:30:49", "text": "right away. So, no,"}, {"start": "00:30:46", "end": "00:30:53", "text": "if you get a Devon plan, Devon AI, they"}, {"start": "00:30:49", "end": "00:30:57", "text": "give you their sweet 2.0, which is like"}, {"start": "00:30:53", "end": "00:31:01", "text": "an improved model of K3 and that's free,"}, {"start": "00:30:57", "end": "00:31:04", "text": "unlimited usage for like their $20 plan."}, {"start": "00:31:01", "end": "00:31:10", "text": "So, that's actually a decent deal, but"}, {"start": "00:31:04", "end": "00:31:10", "text": "again, sweet 2 is not the best model."}, {"start": "00:31:12", "end": "00:31:17", "text": "Check the heat map. Short liquidity is"}, {"start": "00:31:14", "end": "00:31:19", "text": "massive. I'm pretty sure because we just"}, {"start": "00:31:17", "end": "00:31:22", "text": "like liquidated a whole bunch of people."}, {"start": "00:31:19", "end": "00:31:26", "text": "So, probably is more to the upside now."}, {"start": "00:31:22", "end": "00:31:29", "text": "Yeah, there's not much left. Look at all"}, {"start": "00:31:26", "end": "00:31:32", "text": "that. I mean, all the all the levels to"}, {"start": "00:31:29", "end": "00:31:35", "text": "the downside, which are the longs,"}, {"start": "00:31:32", "end": "00:31:38", "text": "basically all wiped out. Now it's going"}, {"start": "00:31:35", "end": "00:31:41", "text": "back here. Like getting back to 82, even"}, {"start": "00:31:38", "end": "00:31:43", "text": "83, you know, we were just at 83."}, {"start": "00:31:41", "end": "00:31:45", "text": "Getting back to 83, you go clear out a"}, {"start": "00:31:43", "end": "00:31:49", "text": "lot a lot of shorts. Probably another"}, {"start": "00:31:45", "end": "00:31:49", "text": "billion dollars worth of shorts."}, {"start": "00:31:50", "end": "00:31:57", "text": "And I welcome that."}, {"start": "00:31:53", "end": "00:31:57", "text": "I don't mind that."}, {"start": "00:32:10", "end": "00:32:13", "text": "Yes. You I you unfortunately you have no"}, {"start": "00:32:12", "end": "00:32:15", "text": "idea what you're talking about. You have"}, {"start": "00:32:13", "end": "00:32:17", "text": "zero ideas what you're talking about."}, {"start": "00:32:15", "end": "00:32:20", "text": "Chinese models do need massive data"}, {"start": "00:32:17", "end": "00:32:22", "text": "centers."}, {"start": "00:32:20", "end": "00:32:25", "text": "They're all raising billions and trying"}, {"start": "00:32:22", "end": "00:32:27", "text": "to build them. You can't train a model"}, {"start": "00:32:25", "end": "00:32:32", "text": "with massive data centers."}, {"start": "00:32:27", "end": "00:32:35", "text": "You have unfortunately no clue about AI"}, {"start": "00:32:32", "end": "00:32:39", "text": "or AI models or LLMs. You're just making"}, {"start": "00:32:35", "end": "00:32:42", "text": "stuff up now. Yes. Dar"}, {"start": "00:32:39", "end": "00:32:42", "text": "Bose"}, {"start": "00:32:57", "end": "00:32:59", "text": ">> [snorts]"}, {"start": "00:33:11", "end": "00:33:14", "text": ">> Yeah, US market's not getting better."}, {"start": "00:33:13", "end": "00:33:16", "text": "But"}, {"start": "00:33:14", "end": "00:33:19", "text": "we just liquidated some more people by"}, {"start": "00:33:16", "end": "00:33:22", "text": "hitting that. I guarantee you like where"}, {"start": "00:33:19", "end": "00:33:24", "text": "we hit 80K,"}, {"start": "00:33:22", "end": "00:33:25", "text": "liquidate a whole bunch of more people."}, {"start": "00:33:24", "end": "00:33:28", "text": "Like that. That's how the market makers"}, {"start": "00:33:25", "end": "00:33:32", "text": "do it. They can see all the levels and"}, {"start": "00:33:28", "end": "00:33:33", "text": "they'll make sure that we hit it just to"}, {"start": "00:33:32", "end": "00:33:36", "text": "liquidate the people and then and then"}, {"start": "00:33:33", "end": "00:33:38", "text": "do a swift recovery. It's always like"}, {"start": "00:33:36", "end": "00:33:40", "text": "that. That's how they clear out the"}, {"start": "00:33:38", "end": "00:33:43", "text": "liquidity. And I don't know how they're"}, {"start": "00:33:40", "end": "00:33:46", "text": "able to do it or whether or not it's"}, {"start": "00:33:43", "end": "00:33:48", "text": "legal. I think most people just still"}, {"start": "00:33:46", "end": "00:33:50", "text": "just ignore it. Most agencies turn a"}, {"start": "00:33:48", "end": "00:33:53", "text": "blind eye to it. This is one of the"}, {"start": "00:33:50", "end": "00:33:56", "text": "reasons why they actually want leverage"}, {"start": "00:33:53", "end": "00:33:58", "text": "back in the US. So then the CFTC and SEC"}, {"start": "00:33:56", "end": "00:34:00", "text": "can actually look at it, right? Because"}, {"start": "00:33:58", "end": "00:34:02", "text": "right now it's like no one no one's"}, {"start": "00:34:00", "end": "00:34:04", "text": "looking at Binance. No one knows how"}, {"start": "00:34:02", "end": "00:34:06", "text": "it's working. No one knows how any of"}, {"start": "00:34:04", "end": "00:34:10", "text": "these large exchanges are working, how"}, {"start": "00:34:06", "end": "00:34:12", "text": "the market makers work with them, how"}, {"start": "00:34:10", "end": "00:34:13", "text": "somehow all these levels always get"}, {"start": "00:34:12", "end": "00:34:17", "text": "liquidated."}, {"start": "00:34:13", "end": "00:34:20", "text": "Okay. Um, no one's watching that right"}, {"start": "00:34:17", "end": "00:34:23", "text": "now. So, that's actually why the CFTC"}, {"start": "00:34:20", "end": "00:34:25", "text": "wants all these agencies come back or"}, {"start": "00:34:23", "end": "00:34:27", "text": "exchanges come back so that they can"}, {"start": "00:34:25", "end": "00:34:28", "text": "actually"}, {"start": "00:34:27", "end": "00:34:32", "text": "monitor them and make sure that they're"}, {"start": "00:34:28", "end": "00:34:32", "text": "doing things right."}, {"start": "00:35:10", "end": "00:35:14", "text": "been looking at midnight privacy"}, {"start": "00:35:12", "end": "00:35:18", "text": "oriented. Yeah, a lot of things are"}, {"start": "00:35:14", "end": "00:35:18", "text": "privacy oriented but"}, {"start": "00:35:19", "end": "00:35:26", "text": "doesn't mean that itself is going to"}, {"start": "00:35:22", "end": "00:35:28", "text": "carry a coin. Uh it could it wouldn't it"}, {"start": "00:35:26", "end": "00:35:31", "text": "wouldn't hurt."}, {"start": "00:35:28", "end": "00:35:34", "text": "[snorts] I just know a lot of Cardano a"}, {"start": "00:35:31", "end": "00:35:39", "text": "lot of Cardano projects moving over. So,"}, {"start": "00:35:34", "end": "00:35:42", "text": "as long as Midnight is faster"}, {"start": "00:35:39", "end": "00:35:45", "text": "and it has the privacy built in, the"}, {"start": "00:35:42", "end": "00:35:46", "text": "option, you know, uh, which is good or"}, {"start": "00:35:45", "end": "00:35:48", "text": "optional, I should say. I don't know if"}, {"start": "00:35:46", "end": "00:35:50", "text": "it's optional. Some chains you could"}, {"start": "00:35:48", "end": "00:35:52", "text": "turn on and off, you know, it's like for"}, {"start": "00:35:50", "end": "00:35:54", "text": "private transactions."}, {"start": "00:35:52", "end": "00:35:56", "text": "As long as Charles continues to stay"}, {"start": "00:35:54", "end": "00:36:02", "text": "strong and lead the way, even though"}, {"start": "00:35:56", "end": "00:36:02", "text": "he's the unofficial leader,"}, {"start": "00:36:02", "end": "00:36:07", "text": "um they'll they'll do just fine. They'll"}, {"start": "00:36:05", "end": "00:36:10", "text": "they'll recover long as Charles leading"}, {"start": "00:36:07", "end": "00:36:13", "text": "the way and they continue to onboard new"}, {"start": "00:36:10", "end": "00:36:15", "text": "DAPs and get more liquidity. you know"}, {"start": "00:36:13", "end": "00:36:18", "text": "that that was one that always like one"}, {"start": "00:36:15", "end": "00:36:21", "text": "that always the the low points of I"}, {"start": "00:36:18", "end": "00:36:23", "text": "guess Cardano and still is is they can't"}, {"start": "00:36:21", "end": "00:36:27", "text": "get enough liquidity if you look at TVL"}, {"start": "00:36:23", "end": "00:36:31", "text": "is very low they don't have enough like"}, {"start": "00:36:27", "end": "00:36:33", "text": "liquidity pools and dexes and and um a"}, {"start": "00:36:31", "end": "00:36:37", "text": "lot of trading volume like they don't"}, {"start": "00:36:33", "end": "00:36:40", "text": "have a like a big uh per DEX or"}, {"start": "00:36:37", "end": "00:36:41", "text": "something like that right so their TVL"}, {"start": "00:36:40", "end": "00:36:43", "text": "is relatively small compared to their"}, {"start": "00:36:41", "end": "00:36:48", "text": "market cap it'll It has always been like"}, {"start": "00:36:43", "end": "00:36:53", "text": "that. So if they can change that with"}, {"start": "00:36:48", "end": "00:36:53", "text": "midnight then it's a game changer."}, {"start": "00:37:16", "end": "00:37:21", "text": "Yeah, it's not CPI today. It's wholesale"}, {"start": "00:37:19", "end": "00:37:24", "text": "prices."}, {"start": "00:37:21", "end": "00:37:26", "text": "Is it PPI?"}, {"start": "00:37:24", "end": "00:37:29", "text": "[snorts] Largest annual increase since"}, {"start": "00:37:26", "end": "00:37:29", "text": "2022."}, {"start": "00:37:30", "end": "00:37:38", "text": "No good. We have rising bond rates,"}, {"start": "00:37:34", "end": "00:37:38", "text": "rising inflation."}, {"start": "00:37:38", "end": "00:37:42", "text": "So,"}, {"start": "00:37:40", "end": "00:37:44", "text": "you know, like the Fed is really stuck"}, {"start": "00:37:42", "end": "00:37:48", "text": "between a rock and a hard place. Usually"}, {"start": "00:37:44", "end": "00:37:52", "text": "with rising bond rates, that means that"}, {"start": "00:37:48", "end": "00:37:54", "text": "economy needs a jolt. Okay?"}, {"start": "00:37:52", "end": "00:37:56", "text": "But"}, {"start": "00:37:54", "end": "00:38:00", "text": "with high inflation, that usually means"}, {"start": "00:37:56", "end": "00:38:02", "text": "you need to hike the rates to slow down"}, {"start": "00:38:00", "end": "00:38:05", "text": "things. So now they're stuck between a"}, {"start": "00:38:02", "end": "00:38:08", "text": "rock and a hard place where do they"}, {"start": "00:38:05", "end": "00:38:11", "text": "hike? Do they cut? Did they not do"}, {"start": "00:38:08", "end": "00:38:12", "text": "anything which could be worse? See this"}, {"start": "00:38:11", "end": "00:38:14", "text": "is like the position that they never"}, {"start": "00:38:12", "end": "00:38:16", "text": "want to be in. And I don't think we've"}, {"start": "00:38:14", "end": "00:38:19", "text": "been in this position where the economy"}, {"start": "00:38:16", "end": "00:38:21", "text": "is suffering and inflation is going"}, {"start": "00:38:19", "end": "00:38:24", "text": "higher."}, {"start": "00:38:21", "end": "00:38:29", "text": "Those are like two conditions that I"}, {"start": "00:38:24", "end": "00:38:31", "text": "don't know how you're going to fix. Um"}, {"start": "00:38:29", "end": "00:38:34", "text": "so they're stuck behind this rock and a"}, {"start": "00:38:31", "end": "00:38:36", "text": "hard place right now. So, end of this"}, {"start": "00:38:34", "end": "00:38:38", "text": "month, there will be another FOMC"}, {"start": "00:38:36", "end": "00:38:40", "text": "meeting. Most likely, they're not going"}, {"start": "00:38:38", "end": "00:38:41", "text": "to do anything. And then the one in"}, {"start": "00:38:40", "end": "00:38:43", "text": "December will be really interesting"}, {"start": "00:38:41", "end": "00:38:48", "text": "whether or not,"}, {"start": "00:38:43", "end": "00:38:48", "text": "you know, we recover by then."}, {"start": "00:38:58", "end": "00:39:03", "text": "Well, we're not doing too bad right now."}, {"start": "00:39:01", "end": "00:39:06", "text": "We're climbed."}, {"start": "00:39:03", "end": "00:39:10", "text": "We climbed back up above 81. I bet that"}, {"start": "00:39:06", "end": "00:39:14", "text": "liquidate a lot of people, too."}, {"start": "00:39:10", "end": "00:39:16", "text": "Yeah, I bet as we climb there a lot of"}, {"start": "00:39:14", "end": "00:39:19", "text": "levels. 82"}, {"start": "00:39:16", "end": "00:39:24", "text": "all the way up to 83. We may like end up"}, {"start": "00:39:19", "end": "00:39:27", "text": "being at 823, 824 or maybe even go to 83"}, {"start": "00:39:24", "end": "00:39:29", "text": "just to clear out the long the short"}, {"start": "00:39:27", "end": "00:39:32", "text": "side."}, {"start": "00:39:29", "end": "00:39:33", "text": "Um, it always happens. It always"}, {"start": "00:39:32", "end": "00:39:37", "text": "happens."}, {"start": "00:39:33", "end": "00:39:40", "text": "So, that's good. We could bounce right"}, {"start": "00:39:37", "end": "00:39:45", "text": "back up to where we were 83."}, {"start": "00:39:40", "end": "00:39:45", "text": "Almost like nothing happened then."}, {"start": "00:40:22", "end": "00:40:27", "text": "All right, I guess that's it. I go work"}, {"start": "00:40:26", "end": "00:40:29", "text": "more on Front Line. And I'm going to try"}, {"start": "00:40:27", "end": "00:40:31", "text": "to get a cool trailer out today and you"}, {"start": "00:40:29", "end": "00:40:35", "text": "guys will see like the the the quality"}, {"start": "00:40:31", "end": "00:40:37", "text": "of the maps and the way everything flows"}, {"start": "00:40:35", "end": "00:40:40", "text": "and plays."}, {"start": "00:40:37", "end": "00:40:43", "text": "It's super super super"}, {"start": "00:40:40", "end": "00:40:45", "text": "good. Like it's light years better. If I"}, {"start": "00:40:43", "end": "00:40:47", "text": "had to rate it compared to like a true"}, {"start": "00:40:45", "end": "00:40:51", "text": "FPS game, Front Line season one right"}, {"start": "00:40:47", "end": "00:40:53", "text": "now would be more like honestly like a"}, {"start": "00:40:51", "end": "00:40:56", "text": "two or three in terms of the overall"}, {"start": "00:40:53", "end": "00:40:58", "text": "presentation, everything. Front Line"}, {"start": "00:40:56", "end": "00:41:00", "text": "season two, we we go up to at least a"}, {"start": "00:40:58", "end": "00:41:04", "text": "eight. I'm not gonna say it's a 10 out"}, {"start": "00:41:00", "end": "00:41:06", "text": "of 10, but at least a eight. And it's a"}, {"start": "00:41:04", "end": "00:41:08", "text": "big difference. It's a huge gigantic"}, {"start": "00:41:06", "end": "00:41:09", "text": "monumental difference. And I think guys,"}, {"start": "00:41:08", "end": "00:41:13", "text": "you guys will see that. But not only"}, {"start": "00:41:09", "end": "00:41:18", "text": "that, the new storefront and with FPS"}, {"start": "00:41:13", "end": "00:41:20", "text": "and soul being used"}, {"start": "00:41:18", "end": "00:41:21", "text": "and it's going to be a net negative. So,"}, {"start": "00:41:20", "end": "00:41:24", "text": "meaning that there's going to be more"}, {"start": "00:41:21", "end": "00:41:28", "text": "taken in than going out, especially if"}, {"start": "00:41:24", "end": "00:41:30", "text": "we get tournaments going,"}, {"start": "00:41:28", "end": "00:41:32", "text": "it's could be a game changer. A real"}, {"start": "00:41:30", "end": "00:41:35", "text": "game changer."}, {"start": "00:41:32", "end": "00:41:37", "text": "We'll see. All right, guys. Have a good"}, {"start": "00:41:35", "end": "00:41:41", "text": "one."}, {"start": "00:41:37", "end": "00:41:41", "text": "Stay strong. I know it's tough."}, {"start": "00:41:42", "end": "00:41:48", "text": "It's tough when everything's red. All"}, {"start": "00:41:44", "end": "00:41:50", "text": "right. I know it's red and it sucks, but"}, {"start": "00:41:48", "end": "00:41:53", "text": "this is where"}, {"start": "00:41:50", "end": "00:41:56", "text": "this is where the money is made. You buy"}, {"start": "00:41:53", "end": "00:41:58", "text": "low and sell high, right? Smash the"}, {"start": "00:41:56", "end": "00:42:00", "text": "like, subscribe to the channel, have a"}, {"start": "00:41:58", "end": "00:42:03", "text": "good one, go check out Clashpad and all"}, {"start": "00:42:00", "end": "00:42:05", "text": "the projects on it. All right, take"}, {"start": "00:42:03", "end": "00:42:05", "text": "care."}]

[{"start": "00:00:02", "end": "00:00:08", "text": "Welcome back"}, {"start": "00:00:04", "end": "00:00:11", "text": "to Cryptos are Us. I'm George."}, {"start": "00:00:08", "end": "00:00:15", "text": "We're all George. Welcome to another"}, {"start": "00:00:11", "end": "00:00:18", "text": "market open stream. Today we got"}, {"start": "00:00:15", "end": "00:00:23", "text": "we got a important inflation reading and"}, {"start": "00:00:18", "end": "00:00:28", "text": "Bitcoin braces for shock. Let's talk"}, {"start": "00:00:23", "end": "00:00:28", "text": "about it. Why is inflation so high?"}, {"start": "00:00:28", "end": "00:00:34", "text": "What is the Fed and the government going"}, {"start": "00:00:31", "end": "00:00:37", "text": "to do about it? And let's talk about"}, {"start": "00:00:34", "end": "00:00:40", "text": "markets, of course, and Bitcoin and"}, {"start": "00:00:37", "end": "00:00:42", "text": "crypto. So, let's do it, guys. Let's do"}, {"start": "00:00:40", "end": "00:00:44", "text": "it."}, {"start": "00:00:42", "end": "00:00:46", "text": "Welcome, welcome, welcome. We are"}, {"start": "00:00:44", "end": "00:00:49", "text": "starting out the day just slightly lower"}, {"start": "00:00:46", "end": "00:00:52", "text": "than yesterday, although"}, {"start": "00:00:49", "end": "00:00:55", "text": "we trended up to 84K and we were holding"}, {"start": "00:00:52", "end": "00:00:58", "text": "there for, you know, throughout the"}, {"start": "00:00:55", "end": "00:01:01", "text": "night. basically was looking okay until"}, {"start": "00:00:58", "end": "00:01:05", "text": "we had this little dip."}, {"start": "00:01:01", "end": "00:01:07", "text": "And unfortunately, that's because of the"}, {"start": "00:01:05", "end": "00:01:09", "text": "CPI"}, {"start": "00:01:07", "end": "00:01:12", "text": "reading that just came out. Overall, the"}, {"start": "00:01:09", "end": "00:01:17", "text": "US market right now is red, pretty red."}, {"start": "00:01:12", "end": "00:01:19", "text": "Not crazy red, but a little red. And"}, {"start": "00:01:17", "end": "00:01:22", "text": "it's due to this. You guys already know"}, {"start": "00:01:19", "end": "00:01:26", "text": "if you've been to a pump,"}, {"start": "00:01:22", "end": "00:01:30", "text": "gas is sky high. Even even just regular"}, {"start": "00:01:26", "end": "00:01:34", "text": "gas, okay, it's like $5. Like premium is"}, {"start": "00:01:30", "end": "00:01:36", "text": "like six or something or seven. If"}, {"start": "00:01:34", "end": "00:01:38", "text": "you're overseas in Europe, it's a lot"}, {"start": "00:01:36", "end": "00:01:42", "text": "more than that. Or Canada. I mean, it"}, {"start": "00:01:38", "end": "00:01:46", "text": "gas is crazy. Diesel is crazy. There are"}, {"start": "00:01:42", "end": "00:01:48", "text": "a lot of crazy things right now. So CPI"}, {"start": "00:01:46", "end": "00:01:50", "text": "came in a little bit hotter than"}, {"start": "00:01:48", "end": "00:01:52", "text": "expected."}, {"start": "00:01:50", "end": "00:01:54", "text": "We're getting we're inching closer and"}, {"start": "00:01:52", "end": "00:01:56", "text": "closer to"}, {"start": "00:01:54", "end": "00:01:59", "text": "4%."}, {"start": "00:01:56", "end": "00:02:01", "text": "Okay. And someone makes a good comment."}, {"start": "00:01:59", "end": "00:02:04", "text": "Skinny cow says red hot CPI, you know,"}, {"start": "00:02:01", "end": "00:02:07", "text": "the numbers are cooked lower, too. Yeah."}, {"start": "00:02:04", "end": "00:02:11", "text": "If we're measuring true inflation, this"}, {"start": "00:02:07", "end": "00:02:13", "text": "will be showing like 8 n 10%. Not 3.7."}, {"start": "00:02:11", "end": "00:02:18", "text": "It makes no sense."}, {"start": "00:02:13", "end": "00:02:20", "text": "Gas itself has gone up probably 50%."}, {"start": "00:02:18", "end": "00:02:22", "text": "You know, it used to be like $3"}, {"start": "00:02:20", "end": "00:02:24", "text": "something a gallon not too long ago. Now"}, {"start": "00:02:22", "end": "00:02:27", "text": "we're at $5. I mean, just do the math."}, {"start": "00:02:24", "end": "00:02:31", "text": "That's like 50%. So, is it really 3.7"}, {"start": "00:02:27", "end": "00:02:35", "text": "annual? H, you know, it's debatable."}, {"start": "00:02:31", "end": "00:02:40", "text": "Food is a lot more expensive. Everything"}, {"start": "00:02:35", "end": "00:02:42", "text": "is a lot more expensive. And obviously,"}, {"start": "00:02:40", "end": "00:02:47", "text": "it trickles down, right? Like mortgage"}, {"start": "00:02:42", "end": "00:02:49", "text": "rates 7 and a half%. It was low sixes"}, {"start": "00:02:47", "end": "00:02:53", "text": "not too long ago. So obviously"}, {"start": "00:02:49", "end": "00:02:56", "text": "everything is ticking upwards"}, {"start": "00:02:53", "end": "00:02:59", "text": "and this is not helping markets right"}, {"start": "00:02:56", "end": "00:03:02", "text": "now. Uh and"}, {"start": "00:02:59", "end": "00:03:04", "text": "what's also not helping is you know the"}, {"start": "00:03:02", "end": "00:03:07", "text": "the Middle East and it just keeps on"}, {"start": "00:03:04", "end": "00:03:08", "text": "going forever."}, {"start": "00:03:07", "end": "00:03:11", "text": "President Trump already said that he's"}, {"start": "00:03:08", "end": "00:03:13", "text": "not going to make any attacks um until"}, {"start": "00:03:11", "end": "00:03:17", "text": "after midterm. So kind of we're just"}, {"start": "00:03:13", "end": "00:03:20", "text": "kind of like waiting right now. But Iran"}, {"start": "00:03:17", "end": "00:03:23", "text": "and Saudi Arabia and others in the"}, {"start": "00:03:20", "end": "00:03:26", "text": "region they they still continue to go."}, {"start": "00:03:23", "end": "00:03:28", "text": "We know that a pilot was killed recently"}, {"start": "00:03:26", "end": "00:03:30", "text": "at the airport. Now,"}, {"start": "00:03:28", "end": "00:03:34", "text": "you know, oil facilities are being"}, {"start": "00:03:30", "end": "00:03:36", "text": "attacked and just ongoing forever. And"}, {"start": "00:03:34", "end": "00:03:39", "text": "this is not helping because it's keeping"}, {"start": "00:03:36", "end": "00:03:42", "text": "oil elevated and contributing to of"}, {"start": "00:03:39", "end": "00:03:44", "text": "course the high inflation that we are"}, {"start": "00:03:42", "end": "00:03:46", "text": "seeing right now."}, {"start": "00:03:44", "end": "00:03:49", "text": "So I think you guys know this. We just"}, {"start": "00:03:46", "end": "00:03:55", "text": "have to wait it out. There are things in"}, {"start": "00:03:49", "end": "00:03:58", "text": "play that are holding us back, but"}, {"start": "00:03:55", "end": "00:04:02", "text": "not much we can do other than just"}, {"start": "00:03:58", "end": "00:04:04", "text": "continue the course and hot end DCA"}, {"start": "00:04:02", "end": "00:04:06", "text": "really take advantage of the situation."}, {"start": "00:04:04", "end": "00:04:09", "text": "take advantage of the low low prices,"}, {"start": "00:04:06", "end": "00:04:12", "text": "especially not for just Bitcoin, but for"}, {"start": "00:04:09", "end": "00:04:16", "text": "some of the big gap"}, {"start": "00:04:12", "end": "00:04:18", "text": "alts that are really really still down"}, {"start": "00:04:16", "end": "00:04:20", "text": "versus their all-time high, right? The"}, {"start": "00:04:18", "end": "00:04:24", "text": "best way to think about it is utilize"}, {"start": "00:04:20", "end": "00:04:28", "text": "the the opportunity we have to continue"}, {"start": "00:04:24", "end": "00:04:30", "text": "uh to DCA and DCA more."}, {"start": "00:04:28", "end": "00:04:35", "text": "Outside of these things, uh this was big"}, {"start": "00:04:30", "end": "00:04:38", "text": "news yesterday. There was some employee."}, {"start": "00:04:35", "end": "00:04:40", "text": "They didn't say like he was actually a"}, {"start": "00:04:38", "end": "00:04:42", "text": "national of Saudi Arabia. They just said"}, {"start": "00:04:40", "end": "00:04:45", "text": "some employee"}, {"start": "00:04:42", "end": "00:04:48", "text": "planted a recording device in a"}, {"start": "00:04:45", "end": "00:04:54", "text": "conference room. They I don't know how"}, {"start": "00:04:48", "end": "00:04:56", "text": "OpenAI found it and uh and FBI got"}, {"start": "00:04:54", "end": "00:04:58", "text": "involved, arrested him and he's probably"}, {"start": "00:04:56", "end": "00:05:02", "text": "going to go to jail. But something about"}, {"start": "00:04:58", "end": "00:05:04", "text": "I think he asked chatbt about how to do"}, {"start": "00:05:02", "end": "00:05:07", "text": "it. I don't know if that's how they"}, {"start": "00:05:04", "end": "00:05:09", "text": "caught him, but I remember reading he"}, {"start": "00:05:07", "end": "00:05:12", "text": "used chatbt"}, {"start": "00:05:09", "end": "00:05:15", "text": "for advice in terms of how to plant a"}, {"start": "00:05:12", "end": "00:05:17", "text": "recording device in a conference room."}, {"start": "00:05:15", "end": "00:05:19", "text": "So"}, {"start": "00:05:17", "end": "00:05:22", "text": "So if you're if you're going to commit a"}, {"start": "00:05:19", "end": "00:05:25", "text": "crime, a serious crime, you probably"}, {"start": "00:05:22", "end": "00:05:27", "text": "shouldn't ask AI how to do it because"}, {"start": "00:05:25", "end": "00:05:30", "text": "they have all that information."}, {"start": "00:05:27", "end": "00:05:33", "text": "And uh"}, {"start": "00:05:30", "end": "00:05:36", "text": "yeah, it probably needs some little"}, {"start": "00:05:33", "end": "00:05:39", "text": "common sense, you know. But anyways,"}, {"start": "00:05:36", "end": "00:05:43", "text": "that was uh swirling around yesterday."}, {"start": "00:05:39", "end": "00:05:46", "text": "Uh outside of that, go to Bitcoin. Uh"}, {"start": "00:05:43", "end": "00:05:47", "text": "ETF flows. I got I still got to fix the"}, {"start": "00:05:46", "end": "00:05:49", "text": "one I asked Clash. I forgot about"}, {"start": "00:05:47", "end": "00:05:55", "text": "yesterday. But we did actually have a"}, {"start": "00:05:49", "end": "00:06:01", "text": "positive inflow yesterday. 172 176"}, {"start": "00:05:55", "end": "00:06:04", "text": "uh inflow for Bitcoin and 25 for ETH."}, {"start": "00:06:01", "end": "00:06:06", "text": "So, and uh negative for soul, but"}, {"start": "00:06:04", "end": "00:06:09", "text": "overall we had a positive day. Okay,"}, {"start": "00:06:06", "end": "00:06:11", "text": "inflow is still kind of mixed. You have"}, {"start": "00:06:09", "end": "00:06:15", "text": "days where obviously Wall Street sells"}, {"start": "00:06:11", "end": "00:06:19", "text": "off, days they buy, but we pretty much"}, {"start": "00:06:15", "end": "00:06:22", "text": "recover fully from crypto winter. So"}, {"start": "00:06:19", "end": "00:06:24", "text": "there are a lot of holders even from the"}, {"start": "00:06:22", "end": "00:06:28", "text": "institutional side."}, {"start": "00:06:24", "end": "00:06:30", "text": "Okay. So that is still looking good."}, {"start": "00:06:28", "end": "00:06:32", "text": "Obviously if we have more inflows will"}, {"start": "00:06:30", "end": "00:06:35", "text": "be even better."}, {"start": "00:06:32", "end": "00:06:39", "text": "And Black Rockck continues"}, {"start": "00:06:35", "end": "00:06:39", "text": "to kind of lead this space."}, {"start": "00:06:40", "end": "00:06:45", "text": "So"}, {"start": "00:06:42", "end": "00:06:49", "text": "that's good. Uh what else? Strive is"}, {"start": "00:06:45", "end": "00:06:52", "text": "raising 500 million to buy Bitcoin with"}, {"start": "00:06:49", "end": "00:06:55", "text": "a new preferred share class. Where do we"}, {"start": "00:06:52", "end": "00:06:59", "text": "hear this"}, {"start": "00:06:55", "end": "00:07:00", "text": "from before? Right."}, {"start": "00:06:59", "end": "00:07:03", "text": "Seems like all the Bitcoin treasure"}, {"start": "00:07:00", "end": "00:07:08", "text": "companies are now following in sailor's"}, {"start": "00:07:03", "end": "00:07:08", "text": "footsteps once again."}, {"start": "00:07:08", "end": "00:07:15", "text": "Tom Lee is doing it. Strive is doing it."}, {"start": "00:07:12", "end": "00:07:18", "text": "MetaPlanet is doing it. They're all"}, {"start": "00:07:15", "end": "00:07:21", "text": "coming out new preferred shares that"}, {"start": "00:07:18", "end": "00:07:26", "text": "give really, really, really high"}, {"start": "00:07:21", "end": "00:07:26", "text": "dividend. This one is giving 15%."}, {"start": "00:07:27", "end": "00:07:32", "text": "It's a fixed 15%."}, {"start": "00:07:30", "end": "00:07:35", "text": "That's crazy. The current one is already"}, {"start": "00:07:32", "end": "00:07:39", "text": "good at variable 13%. This is a fixed"}, {"start": "00:07:35", "end": "00:07:39", "text": "15%. I think that's higher to stretch."}, {"start": "00:07:40", "end": "00:07:46", "text": "So bottom line is these companies"}, {"start": "00:07:44", "end": "00:07:48", "text": "guess they think uh this is a right"}, {"start": "00:07:46", "end": "00:07:52", "text": "move. Sailor has proven even during"}, {"start": "00:07:48", "end": "00:07:55", "text": "crypto winter even when it's bad"}, {"start": "00:07:52", "end": "00:07:57", "text": "he made it work and he's buying up those"}, {"start": "00:07:55", "end": "00:08:00", "text": "shares back and he's buying Bitcoin"}, {"start": "00:07:57", "end": "00:08:02", "text": "again. So Strive and others are like"}, {"start": "00:08:00", "end": "00:08:05", "text": "okay this is working. We're going to"}, {"start": "00:08:02", "end": "00:08:08", "text": "generate more money this way and we're"}, {"start": "00:08:05", "end": "00:08:09", "text": "going to use that money to buy Bitcoin."}, {"start": "00:08:08", "end": "00:08:11", "text": "So"}, {"start": "00:08:09", "end": "00:08:13", "text": "yeah,"}, {"start": "00:08:11", "end": "00:08:16", "text": "so that's good."}, {"start": "00:08:13", "end": "00:08:18", "text": "What else is good? Uh big banks like"}, {"start": "00:08:16", "end": "00:08:21", "text": "Standard Charter unlocks direct Bitcoin"}, {"start": "00:08:18", "end": "00:08:25", "text": "and Ether trading for fluent UAE"}, {"start": "00:08:21", "end": "00:08:27", "text": "clients, meaning wealthy wealthy wealthy"}, {"start": "00:08:25", "end": "00:08:30", "text": "clients. Every bank is doing that. Even"}, {"start": "00:08:27", "end": "00:08:33", "text": "JP Morgan"}, {"start": "00:08:30", "end": "00:08:34", "text": "for their wealth advisory,"}, {"start": "00:08:33", "end": "00:08:36", "text": "they've been advising people to buy"}, {"start": "00:08:34", "end": "00:08:38", "text": "Bitcoin. I don't know about Ether, but"}, {"start": "00:08:36", "end": "00:08:40", "text": "Bitcoin for a while now. Okay, so they"}, {"start": "00:08:38", "end": "00:08:42", "text": "they kind of tell the regular folks one"}, {"start": "00:08:40", "end": "00:08:44", "text": "thing, but then they tell their wealthy"}, {"start": "00:08:42", "end": "00:08:46", "text": "folks another thing. So, just think"}, {"start": "00:08:44", "end": "00:08:49", "text": "about that."}, {"start": "00:08:46", "end": "00:08:50", "text": "Uh, and as for where we are, I mean,"}, {"start": "00:08:49", "end": "00:08:53", "text": "nothing really has changed. You guys"}, {"start": "00:08:50", "end": "00:08:55", "text": "know we're still holding the the 80s,"}, {"start": "00:08:53", "end": "00:08:58", "text": "the mid80s,"}, {"start": "00:08:55", "end": "00:09:01", "text": "and that's okay. That's actually a"}, {"start": "00:08:58", "end": "00:09:04", "text": "pretty important resistance around the"}, {"start": "00:09:01", "end": "00:09:07", "text": "50-day MA."}, {"start": "00:09:04", "end": "00:09:09", "text": "and we were here back in May. And we're"}, {"start": "00:09:07", "end": "00:09:11", "text": "actually using as support. We're not"}, {"start": "00:09:09", "end": "00:09:13", "text": "using it as a resistance because we"}, {"start": "00:09:11", "end": "00:09:16", "text": "broke above. We're using it as a"}, {"start": "00:09:13", "end": "00:09:18", "text": "support, which is a big difference,"}, {"start": "00:09:16", "end": "00:09:21", "text": "right? We're holding, we're"}, {"start": "00:09:18", "end": "00:09:24", "text": "consolidating all the scary macro stuff."}, {"start": "00:09:21", "end": "00:09:26", "text": "It's holding us back. Money is not"}, {"start": "00:09:24", "end": "00:09:31", "text": "flowing as much."}, {"start": "00:09:26", "end": "00:09:33", "text": "But when we break out, and we will, and"}, {"start": "00:09:31", "end": "00:09:35", "text": "all you guys know this,"}, {"start": "00:09:33", "end": "00:09:37", "text": "we're prepping ourselves for a big"}, {"start": "00:09:35", "end": "00:09:39", "text": "breakout. And when that breakout"}, {"start": "00:09:37", "end": "00:09:42", "text": "happens, it's going to be tremendous."}, {"start": "00:09:39", "end": "00:09:45", "text": "Just like all the previous times, we go"}, {"start": "00:09:42", "end": "00:09:47", "text": "through consolidation, we go through"}, {"start": "00:09:45", "end": "00:09:49", "text": "crypto winter,"}, {"start": "00:09:47", "end": "00:09:52", "text": "right? Sometimes it takes months,"}, {"start": "00:09:49", "end": "00:09:55", "text": "sometimes it takes years, but when you"}, {"start": "00:09:52", "end": "00:09:58", "text": "get that breakout, it is awesome. And"}, {"start": "00:09:55", "end": "00:10:01", "text": "sometimes you get mini breakouts too."}, {"start": "00:09:58", "end": "00:10:04", "text": "Sometimes you do get these mini"}, {"start": "00:10:01", "end": "00:10:06", "text": "breakouts and that's where we break"}, {"start": "00:10:04", "end": "00:10:08", "text": "through a certain level like liquidation"}, {"start": "00:10:06", "end": "00:10:11", "text": "level or something like that or"}, {"start": "00:10:08", "end": "00:10:15", "text": "resistance. So the next one will"}, {"start": "00:10:11", "end": "00:10:18", "text": "probably get us into the high 90s into"}, {"start": "00:10:15", "end": "00:10:18", "text": "100K."}, {"start": "00:10:18", "end": "00:10:26", "text": "We'll see. We will see if that is coming"}, {"start": "00:10:22", "end": "00:10:29", "text": "right before the end of October. We"}, {"start": "00:10:26", "end": "00:10:32", "text": "still have two full weeks and of course"}, {"start": "00:10:29", "end": "00:10:35", "text": "midterms. So, we got about a month to"}, {"start": "00:10:32", "end": "00:10:38", "text": "make some moves."}, {"start": "00:10:35", "end": "00:10:41", "text": "We'll see if that"}, {"start": "00:10:38", "end": "00:10:44", "text": "see if that's coming."}, {"start": "00:10:41", "end": "00:10:47", "text": "Uh, all right. What else? Ripple add"}, {"start": "00:10:44", "end": "00:10:49", "text": "stripe own wallet to XRP ledger as AI"}, {"start": "00:10:47", "end": "00:10:52", "text": "payments pass 14 million."}, {"start": "00:10:49", "end": "00:10:57", "text": "I still don't trust AI to make any"}, {"start": "00:10:52", "end": "00:10:59", "text": "payments. Okay. Uh, one app that Meta"}, {"start": "00:10:57", "end": "00:11:01", "text": "seems to have traction with is Muse."}, {"start": "00:10:59", "end": "00:11:03", "text": "They have a like a AI assistant app,"}, {"start": "00:11:01", "end": "00:11:07", "text": "Muse. And one of the things I guess"}, {"start": "00:11:03", "end": "00:11:10", "text": "people like is you can have it like pay"}, {"start": "00:11:07", "end": "00:11:13", "text": "your bills or send an email for you or"}, {"start": "00:11:10", "end": "00:11:16", "text": "go buy things for you. Um, but they're"}, {"start": "00:11:13", "end": "00:11:18", "text": "not really crypto payments or purchases."}, {"start": "00:11:16", "end": "00:11:21", "text": "is they're just regular payments as long"}, {"start": "00:11:18", "end": "00:11:23", "text": "as you hook everything up. Uh I I still"}, {"start": "00:11:21", "end": "00:11:26", "text": "think that's kind of scary. I still want"}, {"start": "00:11:23", "end": "00:11:29", "text": "to be the person that hits, you know,"}, {"start": "00:11:26", "end": "00:11:32", "text": "pay or buy or whatever, right? But"}, {"start": "00:11:29", "end": "00:11:34", "text": "eventually all of us are going to have"}, {"start": "00:11:32", "end": "00:11:37", "text": "our own AI agents and they're going to"}, {"start": "00:11:34", "end": "00:11:38", "text": "do everything for us, including"}, {"start": "00:11:37", "end": "00:11:41", "text": "payments,"}, {"start": "00:11:38", "end": "00:11:45", "text": "right? But it may take a while for"}, {"start": "00:11:41", "end": "00:11:50", "text": "majority people to get used to that. But"}, {"start": "00:11:45", "end": "00:11:55", "text": "Ripple is moving forward."}, {"start": "00:11:50", "end": "00:11:58", "text": "Uh lastly, proposed 31.4% French tax and"}, {"start": "00:11:55", "end": "00:12:00", "text": "regulated stable coins could drive"}, {"start": "00:11:58", "end": "00:12:03", "text": "crypto traders offshore. That's fine."}, {"start": "00:12:00", "end": "00:12:07", "text": "Anyways, France is not a big crypto"}, {"start": "00:12:03", "end": "00:12:09", "text": "country besides like Ledger being there."}, {"start": "00:12:07", "end": "00:12:11", "text": "Um there's a ton of crypto kidnappings"}, {"start": "00:12:09", "end": "00:12:14", "text": "in France. I don't know why. It's just"}, {"start": "00:12:11", "end": "00:12:17", "text": "like all these big names, they're"}, {"start": "00:12:14", "end": "00:12:18", "text": "they're kidnapped in in France. Uh it's"}, {"start": "00:12:17", "end": "00:12:22", "text": "it's one of the reasons why I don't want"}, {"start": "00:12:18", "end": "00:12:23", "text": "to go back to France ever. Um and plus"}, {"start": "00:12:22", "end": "00:12:26", "text": "whatever is going on. All the rioting"}, {"start": "00:12:23", "end": "00:12:28", "text": "and looting and everything destruction"}, {"start": "00:12:26", "end": "00:12:31", "text": "that's going on. I have really really no"}, {"start": "00:12:28", "end": "00:12:33", "text": "idea what's what's happening over there."}, {"start": "00:12:31", "end": "00:12:36", "text": "Um"}, {"start": "00:12:33", "end": "00:12:38", "text": "but that's okay. Drive those drive those"}, {"start": "00:12:36", "end": "00:12:41", "text": "users"}, {"start": "00:12:38", "end": "00:12:46", "text": "to America."}, {"start": "00:12:41", "end": "00:12:48", "text": "as we improve our crypto frameworks, as"}, {"start": "00:12:46", "end": "00:12:50", "text": "we improve,"}, {"start": "00:12:48", "end": "00:12:52", "text": "I don't know"}, {"start": "00:12:50", "end": "00:12:56", "text": "the"}, {"start": "00:12:52", "end": "00:12:59", "text": "the agencies, their stance, what they"}, {"start": "00:12:56", "end": "00:13:02", "text": "allow, the rulings, everything that"}, {"start": "00:12:59", "end": "00:13:04", "text": "relate to crypto as they get improved,"}, {"start": "00:13:02", "end": "00:13:06", "text": "it's only going to help, right? And more"}, {"start": "00:13:04", "end": "00:13:10", "text": "and more people and companies will come"}, {"start": "00:13:06", "end": "00:13:13", "text": "aboard. That's what we want. That is"}, {"start": "00:13:10", "end": "00:13:15", "text": "what we want."}, {"start": "00:13:13", "end": "00:13:17", "text": "All right,"}, {"start": "00:13:15", "end": "00:13:20", "text": "that's pretty much it. It's a low It's a"}, {"start": "00:13:17", "end": "00:13:23", "text": "low news day. That's for sure. Uh Dow"}, {"start": "00:13:20", "end": "00:13:25", "text": "turned positive. You know, yesterday was"}, {"start": "00:13:23", "end": "00:13:26", "text": "kind of like this. It was like really"}, {"start": "00:13:25", "end": "00:13:29", "text": "red and it start turning positive. I'm"}, {"start": "00:13:26", "end": "00:13:30", "text": "hoping that's still the case. People are"}, {"start": "00:13:29", "end": "00:13:32", "text": "starting to get used to the fact that"}, {"start": "00:13:30", "end": "00:13:34", "text": "inflation is bad and it's not going to"}, {"start": "00:13:32", "end": "00:13:37", "text": "get any better anytime soon. And we're"}, {"start": "00:13:34", "end": "00:13:40", "text": "not going to get"}, {"start": "00:13:37", "end": "00:13:43", "text": "a hike this month. We will probably get"}, {"start": "00:13:40", "end": "00:13:46", "text": "it in December, but not this month. So,"}, {"start": "00:13:43", "end": "00:13:49", "text": "I guess that's a good thing. Although,"}, {"start": "00:13:46", "end": "00:13:53", "text": "my watch list is still very red. There's"}, {"start": "00:13:49", "end": "00:13:55", "text": "only only Google and XRP is well, XRP is"}, {"start": "00:13:53", "end": "00:14:01", "text": "not green anymore. Everything is deep"}, {"start": "00:13:55", "end": "00:14:01", "text": "red. Well, let's hope that turns around."}, {"start": "00:14:03", "end": "00:14:09", "text": "All right. Outside of that, Clash Pack"}, {"start": "00:14:07", "end": "00:14:10", "text": "continues."}, {"start": "00:14:09", "end": "00:14:13", "text": "I don't know if we have any new tokens."}, {"start": "00:14:10", "end": "00:14:15", "text": "Someone actually sent me someone"}, {"start": "00:14:13", "end": "00:14:16", "text": "actually sent me like an email. I mean,"}, {"start": "00:14:15", "end": "00:14:19", "text": "there are people that are actually"}, {"start": "00:14:16", "end": "00:14:20", "text": "launching projects. There are a lot in"}, {"start": "00:14:19", "end": "00:14:23", "text": "our Discord. If you haven't gone to it,"}, {"start": "00:14:20", "end": "00:14:24", "text": "you should join and just join in on the"}, {"start": "00:14:23", "end": "00:14:26", "text": "fun. A lot of people working very hard"}, {"start": "00:14:24", "end": "00:14:28", "text": "to grow their socials and stuff, but"}, {"start": "00:14:26", "end": "00:14:32", "text": "there are new people that are launching"}, {"start": "00:14:28", "end": "00:14:36", "text": "as well and they're trying to build a"}, {"start": "00:14:32", "end": "00:14:36", "text": "legitimate, you know,"}, {"start": "00:14:36", "end": "00:14:41", "text": "project with it. I thought I saw someone"}, {"start": "00:14:38", "end": "00:14:44", "text": "else that that sent me something about"}, {"start": "00:14:41", "end": "00:14:46", "text": "um building like games as well, which I"}, {"start": "00:14:44", "end": "00:14:49", "text": "think is a good idea. Games is pretty"}, {"start": "00:14:46", "end": "00:14:51", "text": "good. Um and that leads me into Front"}, {"start": "00:14:49", "end": "00:14:53", "text": "Line. A lot of people know that that is"}, {"start": "00:14:51", "end": "00:14:55", "text": "already out. It's a first-person"}, {"start": "00:14:53", "end": "00:14:57", "text": "shooter. You could already play it."}, {"start": "00:14:55", "end": "00:15:01", "text": "We've been holding tournaments on it."}, {"start": "00:14:57", "end": "00:15:03", "text": "But man, season two"}, {"start": "00:15:01", "end": "00:15:06", "text": "is going to rock everyone's world, man."}, {"start": "00:15:03", "end": "00:15:09", "text": "It is so good. Almost done. and I should"}, {"start": "00:15:06", "end": "00:15:13", "text": "be able to get it out this Friday."}, {"start": "00:15:09", "end": "00:15:14", "text": "Today, uh later today, I'll"}, {"start": "00:15:13", "end": "00:15:16", "text": "I'll try to come out with a really cool"}, {"start": "00:15:14", "end": "00:15:18", "text": "trailer."}, {"start": "00:15:16", "end": "00:15:20", "text": "It's pretty much is done. All the the"}, {"start": "00:15:18", "end": "00:15:22", "text": "maps"}, {"start": "00:15:20", "end": "00:15:26", "text": "are baking right now. There's one"}, {"start": "00:15:22", "end": "00:15:29", "text": "gigantic one that is in the works. Uh"}, {"start": "00:15:26", "end": "00:15:31", "text": "and I added another one yesterday. So,"}, {"start": "00:15:29", "end": "00:15:34", "text": "we're going to have basically 15 new"}, {"start": "00:15:31", "end": "00:15:35", "text": "maps. as much as like if you were"}, {"start": "00:15:34", "end": "00:15:39", "text": "purchasing"}, {"start": "00:15:35", "end": "00:15:42", "text": "Battlefield or or Call of Duty, uh maybe"}, {"start": "00:15:39", "end": "00:15:45", "text": "not as many cinematic scenes, but in"}, {"start": "00:15:42", "end": "00:15:48", "text": "terms of game play, everything we have"}, {"start": "00:15:45", "end": "00:15:51", "text": "is going to be awesome."}, {"start": "00:15:48", "end": "00:15:53", "text": "And I added some really cool things"}, {"start": "00:15:51", "end": "00:15:54", "text": "yesterday."}, {"start": "00:15:53", "end": "00:15:59", "text": "Uh, I'm not going to tell you what this"}, {"start": "00:15:54", "end": "00:16:02", "text": "gun does, but there is a gun called"}, {"start": "00:15:59", "end": "00:16:05", "text": "Helius X1,"}, {"start": "00:16:02", "end": "00:16:07", "text": "and I got to tell you, this gun is kind"}, {"start": "00:16:05", "end": "00:16:11", "text": "of crazy."}, {"start": "00:16:07", "end": "00:16:14", "text": "It's really crazy. So, added that. We"}, {"start": "00:16:11", "end": "00:16:16", "text": "also, for those of you guys that want"}, {"start": "00:16:14", "end": "00:16:21", "text": "some diversity,"}, {"start": "00:16:16", "end": "00:16:24", "text": "uh, we have a female now in the game."}, {"start": "00:16:21", "end": "00:16:27", "text": "Uh, her name is Vega"}, {"start": "00:16:24", "end": "00:16:29", "text": "and you could customize her as well. Uh,"}, {"start": "00:16:27", "end": "00:16:32", "text": "what was I trying to do? Trying to"}, {"start": "00:16:29", "end": "00:16:35", "text": "remove no mask there. So, we have a"}, {"start": "00:16:32", "end": "00:16:39", "text": "female now in the game that you could"}, {"start": "00:16:35", "end": "00:16:44", "text": "select. Very attire appropriate for"}, {"start": "00:16:39", "end": "00:16:47", "text": "military action. Um, and also we do have"}, {"start": "00:16:44", "end": "00:16:51", "text": "like other advanced things"}, {"start": "00:16:47", "end": "00:16:53", "text": "like a singularity grenade, and I'm not"}, {"start": "00:16:51", "end": "00:16:58", "text": "going to show you guys what that is, but"}, {"start": "00:16:53", "end": "00:17:03", "text": "that is insane. We got a drone. Someone"}, {"start": "00:16:58", "end": "00:17:06", "text": "asked about a drone, and it is crazy,"}, {"start": "00:17:03", "end": "00:17:08", "text": "too. So, I I posted a preview shot in"}, {"start": "00:17:06", "end": "00:17:10", "text": "Discord. Again, this is another reason"}, {"start": "00:17:08", "end": "00:17:12", "text": "why you guys should join Discord. There"}, {"start": "00:17:10", "end": "00:17:15", "text": "are a lot of, like I said, a lot of"}, {"start": "00:17:12", "end": "00:17:17", "text": "projects that are uh obviously talking"}, {"start": "00:17:15", "end": "00:17:19", "text": "about what they're doing, all the"}, {"start": "00:17:17", "end": "00:17:21", "text": "socials and stuff, but I added this"}, {"start": "00:17:19", "end": "00:17:24", "text": "yesterday. This is what a drone will"}, {"start": "00:17:21", "end": "00:17:27", "text": "look like in the game, but it's going to"}, {"start": "00:17:24", "end": "00:17:31", "text": "look better. This is just like a demo."}, {"start": "00:17:27", "end": "00:17:31", "text": "Take a look."}, {"start": "00:17:32", "end": "00:17:37", "text": "That's awesome."}, {"start": "00:17:35", "end": "00:17:39", "text": "That is awesome. So, just to give you"}, {"start": "00:17:37", "end": "00:17:42", "text": "guys example of what's coming to"}, {"start": "00:17:39", "end": "00:17:44", "text": "Frontline Season 2. So, I think a lot of"}, {"start": "00:17:42", "end": "00:17:48", "text": "people are gonna be really crazy about"}, {"start": "00:17:44", "end": "00:17:49", "text": "it. And you know, you could also"}, {"start": "00:17:48", "end": "00:17:53", "text": "there'll be a lot of purchases. The"}, {"start": "00:17:49", "end": "00:17:55", "text": "point of the token FPS token is you can"}, {"start": "00:17:53", "end": "00:17:57", "text": "purchase things like new guns, new"}, {"start": "00:17:55", "end": "00:18:01", "text": "upgrades. There'll be new finishes as"}, {"start": "00:17:57", "end": "00:18:05", "text": "well. So, if you wanted a gun to look a"}, {"start": "00:18:01", "end": "00:18:08", "text": "certain way, right, you can customize it"}, {"start": "00:18:05", "end": "00:18:10", "text": "and stand out from everyone else."}, {"start": "00:18:08", "end": "00:18:13", "text": "There'll be certain things that you"}, {"start": "00:18:10", "end": "00:18:14", "text": "could redeem with PClash."}, {"start": "00:18:13", "end": "00:18:18", "text": "Okay, so those of you guys that have"}, {"start": "00:18:14", "end": "00:18:19", "text": "PClash, that's pretty cool, Salana. Um,"}, {"start": "00:18:18", "end": "00:18:21", "text": "certain things, yeah, you could get just"}, {"start": "00:18:19", "end": "00:18:23", "text": "from playing the game through points."}, {"start": "00:18:21", "end": "00:18:28", "text": "Certain ones you'll be able to purchase"}, {"start": "00:18:23", "end": "00:18:31", "text": "and certain ones you will only win if"}, {"start": "00:18:28", "end": "00:18:34", "text": "you play in our tournament and and win,"}, {"start": "00:18:31", "end": "00:18:39", "text": "right? So, everything is going to be in"}, {"start": "00:18:34", "end": "00:18:39", "text": "here and it's going to be fantastic."}, {"start": "00:18:40", "end": "00:18:44", "text": "I'm really, really, really, really"}, {"start": "00:18:41", "end": "00:18:46", "text": "excited about the debut of this. And of"}, {"start": "00:18:44", "end": "00:18:50", "text": "course, I'm working on this and"}, {"start": "00:18:46", "end": "00:18:52", "text": "Clashworld in conjunction like in both."}, {"start": "00:18:50", "end": "00:18:54", "text": "So, this is what I'm spending all my"}, {"start": "00:18:52", "end": "00:18:58", "text": "time on,"}, {"start": "00:18:54", "end": "00:18:58", "text": "in case you guys are wondering."}, {"start": "00:18:58", "end": "00:19:05", "text": "All right,"}, {"start": "00:19:01", "end": "00:19:05", "text": "let's do some Q&A."}, {"start": "00:19:20", "end": "00:19:23", "text": "Got"}, {"start": "00:19:29", "end": "00:19:34", "text": "some music in the background. Let's go."}, {"start": "00:19:31", "end": "00:19:34", "text": "Turn that off."}, {"start": "00:19:41", "end": "00:19:46", "text": "That is fully fully customizable."}, {"start": "00:19:49", "end": "00:19:54", "text": "You'll be able to have a logo on your"}, {"start": "00:19:51", "end": "00:19:55", "text": "sleeve on your helmet. I think I'm not"}, {"start": "00:19:54", "end": "00:19:58", "text": "going to make it so that you could"}, {"start": "00:19:55", "end": "00:19:59", "text": "upload right away, but I I'll make it so"}, {"start": "00:19:58", "end": "00:20:03", "text": "that"}, {"start": "00:19:59", "end": "00:20:03", "text": "eventually you could do it"}, {"start": "00:20:12", "end": "00:20:18", "text": "mortal fali. Is that how you say it? You"}, {"start": "00:20:17", "end": "00:20:20", "text": "won't have to download the game over and"}, {"start": "00:20:18", "end": "00:20:23", "text": "over again. And plus, a lot of"}, {"start": "00:20:20", "end": "00:20:25", "text": "optimizations have been made. So, you"}, {"start": "00:20:23", "end": "00:20:26", "text": "you download it once and it just basic"}, {"start": "00:20:25", "end": "00:20:28", "text": "caches in your browser unless you delete"}, {"start": "00:20:26", "end": "00:20:32", "text": "the cache and stuff. And even if that"}, {"start": "00:20:28", "end": "00:20:36", "text": "happens, it's not that bad. I made it so"}, {"start": "00:20:32", "end": "00:20:38", "text": "that it's like when you load into a map,"}, {"start": "00:20:36", "end": "00:20:39", "text": "it's about 30 seconds and that's pretty"}, {"start": "00:20:38", "end": "00:20:43", "text": "much it. And all the maps have been"}, {"start": "00:20:39", "end": "00:20:46", "text": "optimized. Um,"}, {"start": "00:20:43", "end": "00:20:48", "text": "and they're they're damn good-looking. I"}, {"start": "00:20:46", "end": "00:20:50", "text": "mean, they're they're so good-looking. I"}, {"start": "00:20:48", "end": "00:20:54", "text": "sent it to some of my friends yesterday"}, {"start": "00:20:50", "end": "00:20:56", "text": "and uh and they didn't believe. They're"}, {"start": "00:20:54", "end": "00:20:58", "text": "like, \"Whose game is this?\" I'm like,"}, {"start": "00:20:56", "end": "00:21:03", "text": "\"Yeah, this is"}, {"start": "00:20:58", "end": "00:21:07", "text": "this is legit. This is This is This is"}, {"start": "00:21:03", "end": "00:21:10", "text": "coming from the game, right?\" I think"}, {"start": "00:21:07", "end": "00:21:13", "text": "besides this, I posted"}, {"start": "00:21:10", "end": "00:21:16", "text": "Yeah. like like this."}, {"start": "00:21:13", "end": "00:21:18", "text": "This is real footage in the game. This"}, {"start": "00:21:16", "end": "00:21:21", "text": "is this is no joke. All the maps will be"}, {"start": "00:21:18", "end": "00:21:25", "text": "as beautiful as this. Uh there'll be"}, {"start": "00:21:21", "end": "00:21:30", "text": "brand new maps and all the old ones have"}, {"start": "00:21:25", "end": "00:21:32", "text": "been updated like tremendously. So,"}, {"start": "00:21:30", "end": "00:21:38", "text": "no joke."}, {"start": "00:21:32", "end": "00:21:42", "text": "Hands, weapons, how they reload, the"}, {"start": "00:21:38", "end": "00:21:44", "text": "sounds, sound effects, explosions,"}, {"start": "00:21:42", "end": "00:21:47", "text": "fires,"}, {"start": "00:21:44", "end": "00:21:50", "text": "all upgraded. This could be quite"}, {"start": "00:21:47", "end": "00:21:50", "text": "insane."}, {"start": "00:21:52", "end": "00:21:59", "text": "I'll probably share more today. So join"}, {"start": "00:21:55", "end": "00:21:59", "text": "discord if you want to be informed."}, {"start": "00:22:08", "end": "00:22:12", "text": "Joe train, are you opinion we can still"}, {"start": "00:22:09", "end": "00:22:17", "text": "make a new high all-time high this year?"}, {"start": "00:22:12", "end": "00:22:22", "text": "Yes. Yes. We just need to break 100K,"}, {"start": "00:22:17", "end": "00:22:24", "text": "then it becomes very probable."}, {"start": "00:22:22", "end": "00:22:26", "text": "And I don't think we're too far off from"}, {"start": "00:22:24", "end": "00:22:28", "text": "100K. We just need a little push, a"}, {"start": "00:22:26", "end": "00:22:29", "text": "little push, some kind of catalyst, and"}, {"start": "00:22:28", "end": "00:22:31", "text": "it could come out of nowhere. Sometimes"}, {"start": "00:22:29", "end": "00:22:33", "text": "Bitcoin just goes up, a whole bunch of"}, {"start": "00:22:31", "end": "00:22:35", "text": "rich people decide to buy it and brings"}, {"start": "00:22:33", "end": "00:22:36", "text": "us up to the next level, and then we"}, {"start": "00:22:35", "end": "00:22:40", "text": "liquidate a lot of people, we head"}, {"start": "00:22:36", "end": "00:22:41", "text": "higher. We just need to go above 100K"}, {"start": "00:22:40", "end": "00:22:44", "text": "and then we'll be good. If we could do"}, {"start": "00:22:41", "end": "00:22:47", "text": "that before midterms, then the Santa"}, {"start": "00:22:44", "end": "00:22:50", "text": "rally might carry us. But, you know, the"}, {"start": "00:22:47", "end": "00:22:52", "text": "war escalates or there's like crazy"}, {"start": "00:22:50", "end": "00:22:56", "text": "crazy inflation that continues and the"}, {"start": "00:22:52", "end": "00:22:58", "text": "war just never ends. And, you know,"}, {"start": "00:22:56", "end": "00:23:01", "text": "maybe then we're not, but then we got"}, {"start": "00:22:58", "end": "00:23:01", "text": "next year."}, {"start": "00:23:15", "end": "00:23:22", "text": "Uh yeah, technology on on browser games"}, {"start": "00:23:18", "end": "00:23:23", "text": "have improved a lot. I I'm using 3JS, so"}, {"start": "00:23:22", "end": "00:23:25", "text": "that's that's the one most people are"}, {"start": "00:23:23", "end": "00:23:27", "text": "using."}, {"start": "00:23:25", "end": "00:23:30", "text": "There's nothing wrong with browser"}, {"start": "00:23:27", "end": "00:23:32", "text": "games. Um"}, {"start": "00:23:30", "end": "00:23:34", "text": "there are some crazy optimizations you"}, {"start": "00:23:32", "end": "00:23:36", "text": "can make. Like Front Line, basically"}, {"start": "00:23:34", "end": "00:23:37", "text": "when you load a map, it's done, right?"}, {"start": "00:23:36", "end": "00:23:40", "text": "Like you don't have to load all the maps"}, {"start": "00:23:37", "end": "00:23:43", "text": "simultaneously. And Clash World is so"}, {"start": "00:23:40", "end": "00:23:45", "text": "much harder because when you go in, you"}, {"start": "00:23:43", "end": "00:23:47", "text": "have to load the world around you and"}, {"start": "00:23:45", "end": "00:23:49", "text": "then the and then the world that's not"}, {"start": "00:23:47", "end": "00:23:52", "text": "around you, you have to like prep them"}, {"start": "00:23:49", "end": "00:23:55", "text": "to load because let's say if you drive"}, {"start": "00:23:52", "end": "00:23:59", "text": "into an area, it can't just be blank,"}, {"start": "00:23:55", "end": "00:24:02", "text": "right? So getting Clash World to be"}, {"start": "00:23:59", "end": "00:24:05", "text": "optimized is is a challenge. We got"}, {"start": "00:24:02", "end": "00:24:08", "text": "thousands of,"}, {"start": "00:24:05", "end": "00:24:11", "text": "you know, NPCs walking around. We got"}, {"start": "00:24:08", "end": "00:24:14", "text": "hundreds of cars driving around and then"}, {"start": "00:24:11", "end": "00:24:16", "text": "not to mention like 10,000 buildings in"}, {"start": "00:24:14", "end": "00:24:19", "text": "the city."}, {"start": "00:24:16", "end": "00:24:21", "text": "Um, so that that's a challenge, but"}, {"start": "00:24:19", "end": "00:24:23", "text": "getting closer and closer and closer."}, {"start": "00:24:21", "end": "00:24:25", "text": "Once I get everything done, then I can"}, {"start": "00:24:23", "end": "00:24:27", "text": "work on the missions. But right now,"}, {"start": "00:24:25", "end": "00:24:30", "text": "it's still kind of optimizing how things"}, {"start": "00:24:27", "end": "00:24:30", "text": "load."}, {"start": "00:24:37", "end": "00:24:41", "text": "Do you think Stretch will ever DP peg"}, {"start": "00:24:39", "end": "00:24:46", "text": "again? There's no D peg. It's just like"}, {"start": "00:24:41", "end": "00:24:48", "text": "a It's just a number 100. It's not like"}, {"start": "00:24:46", "end": "00:24:51", "text": "stable coins. It's not like it has to be"}, {"start": "00:24:48", "end": "00:24:54", "text": "at 100. But if it's not at 100,"}, {"start": "00:24:51", "end": "00:24:56", "text": "basically shows that investors are"}, {"start": "00:24:54", "end": "00:24:58", "text": "losing faith in it. That's the only"}, {"start": "00:24:56", "end": "00:25:01", "text": "important thing. Not like stable coins."}, {"start": "00:24:58", "end": "00:25:03", "text": "Stable coins have to stay pegged at a"}, {"start": "00:25:01", "end": "00:25:06", "text": "dollar because they're backed by a"}, {"start": "00:25:03", "end": "00:25:08", "text": "dollar. And if it's not, if it's worth"}, {"start": "00:25:06", "end": "00:25:10", "text": "less than the dollar that backs it, then"}, {"start": "00:25:08", "end": "00:25:15", "text": "there's some serious problems. Stretch"}, {"start": "00:25:10", "end": "00:25:18", "text": "is not in the same realm of things. So,"}, {"start": "00:25:15", "end": "00:25:20", "text": "it just it should be at 100, but a lot"}, {"start": "00:25:18", "end": "00:25:25", "text": "of times it's not because investors are"}, {"start": "00:25:20", "end": "00:25:25", "text": "selling it off and losing faith in it."}, {"start": "00:25:37", "end": "00:25:40", "text": "Stocks are not doing well right now"}, {"start": "00:25:39", "end": "00:25:43", "text": "either. I think Bitcoin is actually"}, {"start": "00:25:40", "end": "00:25:46", "text": "holding the best. Stocks are taking a"}, {"start": "00:25:43", "end": "00:25:50", "text": "beating. Um I'm kind of afraid of my"}, {"start": "00:25:46", "end": "00:25:52", "text": "options right now. Um like Robin Hood is"}, {"start": "00:25:50", "end": "00:25:56", "text": "at 106."}, {"start": "00:25:52", "end": "00:25:56", "text": "It was,"}, {"start": "00:25:56", "end": "00:26:04", "text": "you know, 120s. Now it's down like"}, {"start": "00:26:00", "end": "00:26:09", "text": "20% almost 15 20%. Something like Micron"}, {"start": "00:26:04", "end": "00:26:12", "text": "is down from,00 down to 942."}, {"start": "00:26:09", "end": "00:26:15", "text": "So we need that. We need that catalyst."}, {"start": "00:26:12", "end": "00:26:18", "text": "And I know Trump wants it. Trump wants a"}, {"start": "00:26:15", "end": "00:26:20", "text": "rally before midterms. That's why he's"}, {"start": "00:26:18", "end": "00:26:24", "text": "not making any attacks or anything. But"}, {"start": "00:26:20", "end": "00:26:26", "text": "it's kind of hard."}, {"start": "00:26:24", "end": "00:26:31", "text": "It's kind of hard when the Fed is not"}, {"start": "00:26:26", "end": "00:26:34", "text": "helping. The Fed is not cutting."}, {"start": "00:26:31", "end": "00:26:37", "text": "We're actually talking about hiking."}, {"start": "00:26:34", "end": "00:26:37", "text": "Um,"}, {"start": "00:26:38", "end": "00:26:41", "text": "and you know, the war continues, right?"}, {"start": "00:26:39", "end": "00:26:44", "text": "So, these are things that are not"}, {"start": "00:26:41", "end": "00:26:46", "text": "productive to a market rally at this"}, {"start": "00:26:44", "end": "00:26:49", "text": "point."}, {"start": "00:26:46", "end": "00:26:49", "text": "So"}, {"start": "00:26:52", "end": "00:26:57", "text": "we just got to wait it out. Take"}, {"start": "00:26:55", "end": "00:27:01", "text": "advantage of opportunity of the low low"}, {"start": "00:26:57", "end": "00:27:04", "text": "prices auto and DCA"}, {"start": "00:27:01", "end": "00:27:07", "text": "or jump in some new projects on Clashpad"}, {"start": "00:27:04", "end": "00:27:10", "text": "where you get rewarded by simply holding"}, {"start": "00:27:07", "end": "00:27:14", "text": "approaching 1500 souls soon. that's"}, {"start": "00:27:10", "end": "00:27:16", "text": "given a soul given away as rewards for"}, {"start": "00:27:14", "end": "00:27:22", "text": "holding, right? So, those of you guys"}, {"start": "00:27:16", "end": "00:27:24", "text": "that believe in FPS, for example,"}, {"start": "00:27:22", "end": "00:27:26", "text": "you're getting rewarded for holding."}, {"start": "00:27:24", "end": "00:27:29", "text": "Clash World, you're getting rewarded for"}, {"start": "00:27:26", "end": "00:27:31", "text": "holding. Clash World itself has almost"}, {"start": "00:27:29", "end": "00:27:34", "text": "given out a million, no, not a million,"}, {"start": "00:27:31", "end": "00:27:36", "text": "a thousand soul. It's kind of crazy. The"}, {"start": "00:27:34", "end": "00:27:39", "text": "site hasn't been operational for a month"}, {"start": "00:27:36", "end": "00:27:39", "text": "yet."}, {"start": "00:27:45", "end": "00:27:50", "text": "yesterday. I don't know if it's a scam"}, {"start": "00:27:46", "end": "00:27:53", "text": "or not. Like Floyd Mayweather launched a"}, {"start": "00:27:50", "end": "00:27:55", "text": "coin and then he deleted a post. So"}, {"start": "00:27:53", "end": "00:27:59", "text": "people are saying that he he was"}, {"start": "00:27:55", "end": "00:28:02", "text": "scammed. Like uh not scammed, uh he was"}, {"start": "00:27:59", "end": "00:28:04", "text": "h uh hacked. I don't know if that's true"}, {"start": "00:28:02", "end": "00:28:07", "text": "or not. Like if it was hacked, I don't"}, {"start": "00:28:04", "end": "00:28:09", "text": "think they would just delete the post."}, {"start": "00:28:07", "end": "00:28:13", "text": "It seems like that was intentional. Like"}, {"start": "00:28:09", "end": "00:28:14", "text": "he was probably"}, {"start": "00:28:13", "end": "00:28:15", "text": "I don't know. I don't want to say"}, {"start": "00:28:14", "end": "00:28:19", "text": "anything. I I don't have information,"}, {"start": "00:28:15", "end": "00:28:22", "text": "but I I do know that it was tweeted or"}, {"start": "00:28:19", "end": "00:28:24", "text": "posted on IG and then it was removed and"}, {"start": "00:28:22", "end": "00:28:26", "text": "the thing pumped and then it dumped"}, {"start": "00:28:24", "end": "00:28:28", "text": "afterwards. Too bad that wasn't launched"}, {"start": "00:28:26", "end": "00:28:30", "text": "on Clashpad."}, {"start": "00:28:28", "end": "00:28:34", "text": "If that was, it would have generated"}, {"start": "00:28:30", "end": "00:28:37", "text": "probably a thousand soul of rewards for"}, {"start": "00:28:34", "end": "00:28:41", "text": "our holders just within those few"}, {"start": "00:28:37", "end": "00:28:43", "text": "minutes. Uh it's unfortunate, but I"}, {"start": "00:28:41", "end": "00:28:46", "text": "I welcome everyone to come aboard and"}, {"start": "00:28:43", "end": "00:28:50", "text": "actually launch something and build"}, {"start": "00:28:46", "end": "00:28:53", "text": "something for for their community or"}, {"start": "00:28:50", "end": "00:28:53", "text": "project."}, {"start": "00:29:05", "end": "00:29:09", "text": "Martisio, you have to have enough."}, {"start": "00:29:07", "end": "00:29:11", "text": "Remember, you're getting an allocation"}, {"start": "00:29:09", "end": "00:29:13", "text": "from the total pot, right? So, if your"}, {"start": "00:29:11", "end": "00:29:15", "text": "allocation is small, it might be"}, {"start": "00:29:13", "end": "00:29:17", "text": "delayed. Obviously, with lower volume,"}, {"start": "00:29:15", "end": "00:29:21", "text": "you're going you're not going to have as"}, {"start": "00:29:17", "end": "00:29:23", "text": "much rewards. So, nothing is broken."}, {"start": "00:29:21", "end": "00:29:25", "text": "Would you suggest dipping heavily"}, {"start": "00:29:23", "end": "00:29:27", "text": "discounted crypto stocks after"}, {"start": "00:29:25", "end": "00:29:30", "text": "recovering crypto over last month?"}, {"start": "00:29:27", "end": "00:29:35", "text": "Anything related to crypto? Okay. But I"}, {"start": "00:29:30", "end": "00:29:37", "text": "I I myself I don't fully"}, {"start": "00:29:35", "end": "00:29:40", "text": "like what Sailor is doing. Like the"}, {"start": "00:29:37", "end": "00:29:42", "text": "money he's generating to buy Bitcoin and"}, {"start": "00:29:40", "end": "00:29:45", "text": "to buy Stretch"}, {"start": "00:29:42", "end": "00:29:46", "text": "is raised by selling strategy stock. So"}, {"start": "00:29:45", "end": "00:29:48", "text": "like for me, I wouldn't buy strategy"}, {"start": "00:29:46", "end": "00:29:51", "text": "stock. I don't think that's ever going"}, {"start": "00:29:48", "end": "00:29:55", "text": "to change. and that just adds insane"}, {"start": "00:29:51", "end": "00:29:56", "text": "pressure every week. But I like Hood. I"}, {"start": "00:29:55", "end": "00:29:58", "text": "like Robin Hood because they're in"}, {"start": "00:29:56", "end": "00:30:00", "text": "crypto and they have their own chain. I"}, {"start": "00:29:58", "end": "00:30:01", "text": "think they're going to do really well."}, {"start": "00:30:00", "end": "00:30:03", "text": "Coinbase, I think, is in the same boat"}, {"start": "00:30:01", "end": "00:30:06", "text": "now. They have stocks and they're going"}, {"start": "00:30:03", "end": "00:30:07", "text": "to get derivatives. Uh when the bull"}, {"start": "00:30:06", "end": "00:30:09", "text": "market comes, they're going to be a"}, {"start": "00:30:07", "end": "00:30:12", "text": "really good spot. So like stuff like"}, {"start": "00:30:09", "end": "00:30:13", "text": "that. Like mining stocks have been doing"}, {"start": "00:30:12", "end": "00:30:15", "text": "well because they pivoted to AI. So"}, {"start": "00:30:13", "end": "00:30:18", "text": "they're not really"}, {"start": "00:30:15", "end": "00:30:19", "text": "crypto like Bitcoin mining anymore. So I"}, {"start": "00:30:18", "end": "00:30:22", "text": "don't know. I don't know what other"}, {"start": "00:30:19", "end": "00:30:24", "text": "stocks you're looking at, but they all"}, {"start": "00:30:22", "end": "00:30:26", "text": "follow Bitcoin. If Bitcoin does well,"}, {"start": "00:30:24", "end": "00:30:28", "text": "they're gonna do well. If Bitcoin"}, {"start": "00:30:26", "end": "00:30:30", "text": "doesn't, they're not. So, if that's the"}, {"start": "00:30:28", "end": "00:30:34", "text": "case, too, then you might as well just"}, {"start": "00:30:30", "end": "00:30:36", "text": "buy Bitcoin and hold Bitcoin. So,"}, {"start": "00:30:34", "end": "00:30:39", "text": "I don't know. So you gota you got to"}, {"start": "00:30:36", "end": "00:30:39", "text": "decide"}, {"start": "00:30:41", "end": "00:30:47", "text": "some of these mining stocks they you"}, {"start": "00:30:44", "end": "00:30:49", "text": "know they sold their facility or they"}, {"start": "00:30:47", "end": "00:30:51", "text": "sold off their miners to to get into AI"}, {"start": "00:30:49", "end": "00:30:54", "text": "play and some have made deals with"}, {"start": "00:30:51", "end": "00:30:58", "text": "Anthropic and others but"}, {"start": "00:30:54", "end": "00:30:58", "text": "um I don't Oh,"}, {"start": "00:31:20", "end": "00:31:25", "text": "well, at least the liquidation's calmed"}, {"start": "00:31:22", "end": "00:31:30", "text": "down a little bit, but Still"}, {"start": "00:31:25", "end": "00:31:30", "text": "very high. 222 million."}, {"start": "00:31:31", "end": "00:31:39", "text": "Yesterday was like 700 million."}, {"start": "00:31:35", "end": "00:31:39", "text": "So no good."}, {"start": "00:32:11", "end": "00:32:17", "text": "particip is also volume too, right? Not"}, {"start": "00:32:14", "end": "00:32:19", "text": "the volume is where the rewards come"}, {"start": "00:32:17", "end": "00:32:22", "text": "from. So if everyone's holding, which is"}, {"start": "00:32:19", "end": "00:32:25", "text": "good, and no one's trading,"}, {"start": "00:32:22", "end": "00:32:26", "text": "then there's also very little of"}, {"start": "00:32:25", "end": "00:32:29", "text": "rewards. The rewards are not coming out"}, {"start": "00:32:26", "end": "00:32:32", "text": "of nowhere."}, {"start": "00:32:29", "end": "00:32:35", "text": "They're coming out of trading activity."}, {"start": "00:32:32", "end": "00:32:39", "text": "So if no one's really trading, then"}, {"start": "00:32:35", "end": "00:32:39", "text": "there's not going to be any rewards."}, {"start": "00:32:53", "end": "00:32:57", "text": "What do you think the real inflation"}, {"start": "00:32:55", "end": "00:32:59", "text": "rate is? I don't know. It's hard. It's"}, {"start": "00:32:57", "end": "00:33:03", "text": "hard to say. It depends on what you"}, {"start": "00:32:59", "end": "00:33:05", "text": "measure. Everything broken in the CPI,"}, {"start": "00:33:03", "end": "00:33:08", "text": "like if you look at like all the"}, {"start": "00:33:05", "end": "00:33:10", "text": "categories that are broken up,"}, {"start": "00:33:08", "end": "00:33:14", "text": "those are handpicked categories that"}, {"start": "00:33:10", "end": "00:33:16", "text": "have like the most stability."}, {"start": "00:33:14", "end": "00:33:19", "text": "And in the past, they have removed stuff"}, {"start": "00:33:16", "end": "00:33:21", "text": "that doesn't have stability. I remember"}, {"start": "00:33:19", "end": "00:33:23", "text": "last year they removed like coffee or"}, {"start": "00:33:21", "end": "00:33:26", "text": "something just randomly. Most people"}, {"start": "00:33:23", "end": "00:33:27", "text": "won't catch that, but"}, {"start": "00:33:26", "end": "00:33:30", "text": "you know, they're they're selecting"}, {"start": "00:33:27", "end": "00:33:34", "text": "things that really never move. That's"}, {"start": "00:33:30", "end": "00:33:35", "text": "why it shows 3.7%. Right? They always"}, {"start": "00:33:34", "end": "00:33:37", "text": "discount like gas energy too because"}, {"start": "00:33:35", "end": "00:33:40", "text": "sometimes they you know they look"}, {"start": "00:33:37", "end": "00:33:41", "text": "there's a headline in core. So core is"}, {"start": "00:33:40", "end": "00:33:45", "text": "discounting"}, {"start": "00:33:41", "end": "00:33:47", "text": "more volatile stuff like gas energy but"}, {"start": "00:33:45", "end": "00:33:49", "text": "or food energy"}, {"start": "00:33:47", "end": "00:33:52", "text": "but those are the most important things"}, {"start": "00:33:49", "end": "00:33:56", "text": "for most people."}, {"start": "00:33:52", "end": "00:34:00", "text": "But anyways, um"}, {"start": "00:33:56", "end": "00:34:03", "text": "if you measure like real estate, it's at"}, {"start": "00:34:00", "end": "00:34:06", "text": "least 7%. At least if you're measuring"}, {"start": "00:34:03", "end": "00:34:08", "text": "other things, it's it's probably as much"}, {"start": "00:34:06", "end": "00:34:11", "text": "or more. I don't know. I think real"}, {"start": "00:34:08", "end": "00:34:15", "text": "inflation is more like anywhere from 5"}, {"start": "00:34:11", "end": "00:34:18", "text": "to 10%. Somewhere around there if you're"}, {"start": "00:34:15", "end": "00:34:20", "text": "measuring real things. Like obviously if"}, {"start": "00:34:18", "end": "00:34:23", "text": "you go to a supermarket,"}, {"start": "00:34:20", "end": "00:34:25", "text": "everything that you buy, fruits,"}, {"start": "00:34:23", "end": "00:34:29", "text": "vegetables, meats,"}, {"start": "00:34:25", "end": "00:34:31", "text": "you go out to restaurants, like"}, {"start": "00:34:29", "end": "00:34:33", "text": "it's expensive. There's nothing that's"}, {"start": "00:34:31", "end": "00:34:39", "text": "cheap."}, {"start": "00:34:33", "end": "00:34:39", "text": "Um, so there you go."}, {"start": "00:34:40", "end": "00:34:44", "text": "End of the year will shock people. I"}, {"start": "00:34:42", "end": "00:34:46", "text": "hope in a good way."}, {"start": "00:34:44", "end": "00:34:47", "text": "I'm still hoping we get some kind of"}, {"start": "00:34:46", "end": "00:34:49", "text": "catalyst,"}, {"start": "00:34:47", "end": "00:34:51", "text": "you know, maybe some economic numbers"}, {"start": "00:34:49", "end": "00:34:54", "text": "come out and they're really good or"}, {"start": "00:34:51", "end": "00:34:56", "text": "something."}, {"start": "00:34:54", "end": "00:34:58", "text": "Even if they're fudge numbers, I don't"}, {"start": "00:34:56", "end": "00:35:00", "text": "know. Or Trump pulls something out of"}, {"start": "00:34:58", "end": "00:35:03", "text": "his hat,"}, {"start": "00:35:00", "end": "00:35:04", "text": "the war ends. I know he's trying to"}, {"start": "00:35:03", "end": "00:35:08", "text": "probably get that resolved before"}, {"start": "00:35:04", "end": "00:35:10", "text": "midterms. Um,"}, {"start": "00:35:08", "end": "00:35:12", "text": "but things can turn really quickly."}, {"start": "00:35:10", "end": "00:35:14", "text": "October."}, {"start": "00:35:12", "end": "00:35:16", "text": "It's named October for a reason because"}, {"start": "00:35:14", "end": "00:35:21", "text": "traditionally"}, {"start": "00:35:16", "end": "00:35:24", "text": "October is very green. Look at that."}, {"start": "00:35:21", "end": "00:35:26", "text": "Like we have seen 11%"}, {"start": "00:35:24", "end": "00:35:28", "text": "28%"}, {"start": "00:35:26", "end": "00:35:30", "text": "40%"}, {"start": "00:35:28", "end": "00:35:32", "text": "you know goes down the list. October is"}, {"start": "00:35:30", "end": "00:35:34", "text": "traditionally very very very green and"}, {"start": "00:35:32", "end": "00:35:36", "text": "we're actually in the green right now"}, {"start": "00:35:34", "end": "00:35:40", "text": "believe it or not. So we haven't really"}, {"start": "00:35:36", "end": "00:35:44", "text": "gone down. the alts have. But"}, {"start": "00:35:40", "end": "00:35:47", "text": "last year was weird."}, {"start": "00:35:44", "end": "00:35:51", "text": "But you know, we'll see."}, {"start": "00:35:47", "end": "00:35:54", "text": "Normally October only goes red"}, {"start": "00:35:51", "end": "00:35:57", "text": "in crypto winters, right? And I think we"}, {"start": "00:35:54", "end": "00:36:00", "text": "started crypto winter early last year."}, {"start": "00:35:57", "end": "00:36:02", "text": "We started basically end of October,"}, {"start": "00:36:00", "end": "00:36:07", "text": "November, we went into crypto winter and"}, {"start": "00:36:02", "end": "00:36:11", "text": "then we didn't stop until basically"}, {"start": "00:36:07", "end": "00:36:11", "text": "I don't know, July of this year."}, {"start": "00:36:12", "end": "00:36:15", "text": "So, we'll see."}, {"start": "00:36:29", "end": "00:36:32", "text": "I don't know about pro tournaments. I'm"}, {"start": "00:36:30", "end": "00:36:34", "text": "not going I'm not going to separate"}, {"start": "00:36:32", "end": "00:36:38", "text": "who's a pro, who's not. There would just"}, {"start": "00:36:34", "end": "00:36:40", "text": "be tournaments. That's it. I had to"}, {"start": "00:36:38", "end": "00:36:42", "text": "figure out how FPS be used in"}, {"start": "00:36:40", "end": "00:36:44", "text": "tournaments."}, {"start": "00:36:42", "end": "00:36:47", "text": "I don't want to be like traditional"}, {"start": "00:36:44", "end": "00:36:50", "text": "crypto gaming where you just hand it out"}, {"start": "00:36:47", "end": "00:36:51", "text": "and they're all just sold off. It's not"}, {"start": "00:36:50", "end": "00:36:53", "text": "going to be like that. I don't I don't"}, {"start": "00:36:51", "end": "00:36:55", "text": "even have enough to hand out in that"}, {"start": "00:36:53", "end": "00:36:56", "text": "case either. Like if I was going to do"}, {"start": "00:36:55", "end": "00:36:59", "text": "that, I would probably control like 50%"}, {"start": "00:36:56", "end": "00:37:02", "text": "of supply, which I do not. The Treasury"}, {"start": "00:36:59", "end": "00:37:05", "text": "has been buying, but that's it."}, {"start": "00:37:02", "end": "00:37:07", "text": "Uh, I didn't even do a first buy when I"}, {"start": "00:37:05", "end": "00:37:09", "text": "launched. So,"}, {"start": "00:37:07", "end": "00:37:13", "text": "it won't be like that. We have to figure"}, {"start": "00:37:09", "end": "00:37:15", "text": "it out. Everything for FPS and CWD is"}, {"start": "00:37:13", "end": "00:37:18", "text": "going to be deflationary. It'll be a net"}, {"start": "00:37:15", "end": "00:37:22", "text": "negative with what's going on and coming"}, {"start": "00:37:18", "end": "00:37:22", "text": "versus what's coming in."}, {"start": "00:37:23", "end": "00:37:28", "text": "So, I still have to figure that out."}, {"start": "00:37:44", "end": "00:37:51", "text": "annual raises is not even 3%."}, {"start": "00:37:49", "end": "00:37:54", "text": "A lot of companies,"}, {"start": "00:37:51", "end": "00:37:56", "text": "they just give out a gift card."}, {"start": "00:37:54", "end": "00:37:59", "text": "Uh, traditionally, it's supposed to be"}, {"start": "00:37:56", "end": "00:38:02", "text": "two to 3%. But a lot of people are not"}, {"start": "00:37:59", "end": "00:38:04", "text": "getting raises at this point. If you"}, {"start": "00:38:02", "end": "00:38:07", "text": "don't get a raise, I hate to say it."}, {"start": "00:38:04", "end": "00:38:09", "text": "Like, if you have a corporate job, just"}, {"start": "00:38:07", "end": "00:38:10", "text": "be happy that you have a job. Like, I'm"}, {"start": "00:38:09", "end": "00:38:13", "text": "gonna say that. I know that probably"}, {"start": "00:38:10", "end": "00:38:15", "text": "sounds bad, but"}, {"start": "00:38:13", "end": "00:38:17", "text": "be lucky that you have a job because in"}, {"start": "00:38:15", "end": "00:38:20", "text": "the next few years, you will not have"}, {"start": "00:38:17", "end": "00:38:23", "text": "one due to AI. AI is going destroy a lot"}, {"start": "00:38:20", "end": "00:38:26", "text": "of jobs. Destroy. Absolutely destroy."}, {"start": "00:38:23", "end": "00:38:28", "text": "So, right now, companies are not only"}, {"start": "00:38:26", "end": "00:38:30", "text": "trying to figure it out, but they're"}, {"start": "00:38:28", "end": "00:38:34", "text": "trying to figure out how to replace your"}, {"start": "00:38:30", "end": "00:38:36", "text": "job with AI. So, if you stand out like a"}, {"start": "00:38:34", "end": "00:38:38", "text": "sore thumb, complaining that you're not"}, {"start": "00:38:36", "end": "00:38:40", "text": "getting enough money and you need a"}, {"start": "00:38:38", "end": "00:38:44", "text": "raise,"}, {"start": "00:38:40", "end": "00:38:47", "text": "guess who they're going to let go first?"}, {"start": "00:38:44", "end": "00:38:49", "text": "I'm serious about that. AI is I mean, AI"}, {"start": "00:38:47", "end": "00:38:52", "text": "is so damn good."}, {"start": "00:38:49", "end": "00:38:54", "text": "It's allowed me to make"}, {"start": "00:38:52", "end": "00:38:57", "text": "frontline"}, {"start": "00:38:54", "end": "00:39:01", "text": "like with these studios what would cost"}, {"start": "00:38:57", "end": "00:39:04", "text": "them 20 10 20 million and five years of"}, {"start": "00:39:01", "end": "00:39:08", "text": "development"}, {"start": "00:39:04", "end": "00:39:11", "text": "allowing me to do that in a month"}, {"start": "00:39:08", "end": "00:39:14", "text": "um with near near zero cost besides AI"}, {"start": "00:39:11", "end": "00:39:17", "text": "subscription cost. I mean, it's it's"}, {"start": "00:39:14", "end": "00:39:19", "text": "insane what you could do. Um,"}, {"start": "00:39:17", "end": "00:39:22", "text": "number crunching,"}, {"start": "00:39:19", "end": "00:39:25", "text": "programming, project management,"}, {"start": "00:39:22", "end": "00:39:30", "text": "engineering, architecting,"}, {"start": "00:39:25", "end": "00:39:30", "text": "system design, call centers."}, {"start": "00:39:30", "end": "00:39:35", "text": "I mean, I I can't think of really"}, {"start": "00:39:33", "end": "00:39:40", "text": "anything that can't be replaced with AI"}, {"start": "00:39:35", "end": "00:39:42", "text": "soon. So right now it's the time to"}, {"start": "00:39:40", "end": "00:39:45", "text": "really"}, {"start": "00:39:42", "end": "00:39:47", "text": "just maximize earnings. Maximize"}, {"start": "00:39:45", "end": "00:39:50", "text": "earnings as much as possible."}, {"start": "00:39:47", "end": "00:39:53", "text": "Save and invest"}, {"start": "00:39:50", "end": "00:39:53", "text": "and"}, {"start": "00:39:53", "end": "00:40:00", "text": "harness your skills using AI as much as"}, {"start": "00:39:58", "end": "00:40:01", "text": "possible. That's what everyone should"}, {"start": "00:40:00", "end": "00:40:04", "text": "do."}, {"start": "00:40:01", "end": "00:40:07", "text": "That's it. That's it. And prepare for"}, {"start": "00:40:04", "end": "00:40:07", "text": "the end."}, {"start": "00:40:14", "end": "00:40:20", "text": "gameplay video from Clash. I have I have"}, {"start": "00:40:17", "end": "00:40:22", "text": "well I have screenshots but I've been"}, {"start": "00:40:20", "end": "00:40:25", "text": "trying to perfect building destruction,"}, {"start": "00:40:22", "end": "00:40:28", "text": "fires, explosions"}, {"start": "00:40:25", "end": "00:40:30", "text": "in Clash World. A lot of it it's like"}, {"start": "00:40:28", "end": "00:40:33", "text": "it's so good that developing two games"}, {"start": "00:40:30", "end": "00:40:36", "text": "side by side is good because I get to"}, {"start": "00:40:33", "end": "00:40:39", "text": "pull from each other. For example, on"}, {"start": "00:40:36", "end": "00:40:42", "text": "Frontline, we didn't have destructible"}, {"start": "00:40:39", "end": "00:40:45", "text": "like cars and objects in the game. Okay,"}, {"start": "00:40:42", "end": "00:40:46", "text": "mo most FPS don't, you know, they have"}, {"start": "00:40:45", "end": "00:40:48", "text": "props like cars and stuff that you could"}, {"start": "00:40:46", "end": "00:40:50", "text": "shoot, but nothing happens. But because"}, {"start": "00:40:48", "end": "00:40:53", "text": "I developed that for Clash World, now I"}, {"start": "00:40:50", "end": "00:40:56", "text": "pull that in front line. So any car in"}, {"start": "00:40:53", "end": "00:40:59", "text": "frontline, you could explode it and it"}, {"start": "00:40:56", "end": "00:41:02", "text": "looks fantastic and it's part of"}, {"start": "00:40:59", "end": "00:41:04", "text": "strategy now. So"}, {"start": "00:41:02", "end": "00:41:07", "text": "that was pulled from Clash World. But on"}, {"start": "00:41:04", "end": "00:41:09", "text": "the opposite side, I have all these"}, {"start": "00:41:07", "end": "00:41:12", "text": "soldiers that have these formations and"}, {"start": "00:41:09", "end": "00:41:15", "text": "how they act and stuff that is pulled"}, {"start": "00:41:12", "end": "00:41:18", "text": "into Clash World so that the police,"}, {"start": "00:41:15", "end": "00:41:21", "text": "they're smarter. And then when the"}, {"start": "00:41:18", "end": "00:41:24", "text": "police, you know, when they're not"}, {"start": "00:41:21", "end": "00:41:25", "text": "enough and the military comes in, uh,"}, {"start": "00:41:24", "end": "00:41:28", "text": "they're basically like frontline"}, {"start": "00:41:25", "end": "00:41:31", "text": "soldiers. So it's really cool. It's"}, {"start": "00:41:28", "end": "00:41:34", "text": "really cool. optimizations made on one"}, {"start": "00:41:31", "end": "00:41:37", "text": "could be applied to other. So nothing is"}, {"start": "00:41:34", "end": "00:41:39", "text": "wasted. It's like all this knowledge and"}, {"start": "00:41:37", "end": "00:41:40", "text": "all these things that you built, they"}, {"start": "00:41:39", "end": "00:41:42", "text": "kind of just stack on each other. And"}, {"start": "00:41:40", "end": "00:41:45", "text": "that's the same thing with anything"}, {"start": "00:41:42", "end": "00:41:48", "text": "else. Like if you start a business, it"}, {"start": "00:41:45", "end": "00:41:49", "text": "fails, you you you retain knowledge from"}, {"start": "00:41:48", "end": "00:41:51", "text": "that business. Even though it might be a"}, {"start": "00:41:49", "end": "00:41:54", "text": "failure, it didn't make you a"}, {"start": "00:41:51", "end": "00:41:57", "text": "millionaire, you know what not to do"}, {"start": "00:41:54", "end": "00:41:59", "text": "next time and then the next time after"}, {"start": "00:41:57", "end": "00:42:02", "text": "that and the next time after that. So"}, {"start": "00:41:59", "end": "00:42:05", "text": "nothing knowledge is really the most"}, {"start": "00:42:02", "end": "00:42:07", "text": "important thing and most most like"}, {"start": "00:42:05", "end": "00:42:09", "text": "millionaires and billionaires will tell"}, {"start": "00:42:07", "end": "00:42:11", "text": "you the same thing like if they had to"}, {"start": "00:42:09", "end": "00:42:14", "text": "start over again"}, {"start": "00:42:11", "end": "00:42:15", "text": "you know they could probably do it again"}, {"start": "00:42:14", "end": "00:42:18", "text": "with the knowledge that they have really"}, {"start": "00:42:15", "end": "00:42:20", "text": "just that knowledge that they acquired"}, {"start": "00:42:18", "end": "00:42:24", "text": "and learned that's the most important"}, {"start": "00:42:20", "end": "00:42:24", "text": "thing. So"}, {"start": "00:42:36", "end": "00:42:40", "text": "now everything turned red again."}, {"start": "00:42:43", "end": "00:42:48", "text": "Yeah, not not shaping up to be uh a"}, {"start": "00:42:46", "end": "00:42:51", "text": "recovery day today."}, {"start": "00:42:48", "end": "00:42:55", "text": "Gotta"}, {"start": "00:42:51", "end": "00:42:58", "text": "Just got to brace for what what Wall"}, {"start": "00:42:55", "end": "00:42:58", "text": "Street does today."}, {"start": "00:43:20", "end": "00:43:25", "text": "All right, I think that's pretty much"}, {"start": "00:43:21", "end": "00:43:25", "text": "it. I'm'll go back"}, {"start": "00:43:26", "end": "00:43:33", "text": "and work on stuff."}, {"start": "00:43:29", "end": "00:43:37", "text": "Um, yeah. So, today inflation reading no"}, {"start": "00:43:33", "end": "00:43:40", "text": "good. Inflation high, but in reality"}, {"start": "00:43:37", "end": "00:43:44", "text": "it's probably much higher than what CPI"}, {"start": "00:43:40", "end": "00:43:48", "text": "says. So, we just have to"}, {"start": "00:43:44", "end": "00:43:52", "text": "wait it out. We got to wait it out. Just"}, {"start": "00:43:48", "end": "00:43:56", "text": "think of it as a golden opportunity to"}, {"start": "00:43:52", "end": "00:44:00", "text": "continue to DCA with the low low prices."}, {"start": "00:43:56", "end": "00:44:02", "text": "We're not going to be down here forever."}, {"start": "00:44:00", "end": "00:44:03", "text": "All right, guys. That's it. Smash a"}, {"start": "00:44:02", "end": "00:44:05", "text": "like, subscribe to the channel, have a"}, {"start": "00:44:03", "end": "00:44:10", "text": "good one, guys. I'll see some of you"}, {"start": "00:44:05", "end": "00:44:13", "text": "guys in Discord, and check out Clashpad,"}, {"start": "00:44:10", "end": "00:44:15", "text": "FPS, CWD, and of course, Clash. All"}, {"start": "00:44:13", "end": "00:44:15", "text": "right."}]

[{"start": "00:00:02", "end": "00:00:07", "text": "Welcome back to Cryptos are Us. I am"}, {"start": "00:00:05", "end": "00:00:09", "text": "George."}, {"start": "00:00:07", "end": "00:00:12", "text": "We're all George. Welcome to another"}, {"start": "00:00:09", "end": "00:00:18", "text": "market open stream. Unfortunately, we"}, {"start": "00:00:12", "end": "00:00:20", "text": "saw some red yesterday and maybe today."}, {"start": "00:00:18", "end": "00:00:23", "text": "What's going on with Asia? Did it send a"}, {"start": "00:00:20", "end": "00:00:26", "text": "warning to us? And is Bitcoin ready to"}, {"start": "00:00:23", "end": "00:00:29", "text": "break out or break down?"}, {"start": "00:00:26", "end": "00:00:33", "text": "Let's talk about all these things."}, {"start": "00:00:29", "end": "00:00:35", "text": "and more. All right,"}, {"start": "00:00:33", "end": "00:00:37", "text": "let's do it, guys. Welcome, welcome,"}, {"start": "00:00:35", "end": "00:00:40", "text": "welcome."}, {"start": "00:00:37", "end": "00:00:45", "text": "As you can see, Bitcoin had a little"}, {"start": "00:00:40", "end": "00:00:48", "text": "dip. Okay, we haven't had one for a week"}, {"start": "00:00:45", "end": "00:00:51", "text": "now, but we're starting to see more"}, {"start": "00:00:48", "end": "00:00:54", "text": "volatility. Like, we saw this"}, {"start": "00:00:51", "end": "00:00:57", "text": "last week. Uh, Bitcoin almost broke 80K,"}, {"start": "00:00:54", "end": "00:01:00", "text": "but held yesterday. We had kind of the"}, {"start": "00:00:57", "end": "00:01:02", "text": "same thing. We were at like 84 and then"}, {"start": "00:01:00", "end": "00:01:06", "text": "all of a sudden we broke down to about"}, {"start": "00:01:02", "end": "00:01:08", "text": "81. Now we have recovered mostly but not"}, {"start": "00:01:06", "end": "00:01:11", "text": "the alts. The alts are still kind of"}, {"start": "00:01:08", "end": "00:01:15", "text": "weak."}, {"start": "00:01:11", "end": "00:01:18", "text": "So what drove this? Well,"}, {"start": "00:01:15", "end": "00:01:21", "text": "Asia Asia was collapsing yesterday. This"}, {"start": "00:01:18", "end": "00:01:24", "text": "seems to be happening a lot in Asia."}, {"start": "00:01:21", "end": "00:01:28", "text": "They they seem to have the same kind of"}, {"start": "00:01:24", "end": "00:01:32", "text": "problems that we do in terms of the bond"}, {"start": "00:01:28", "end": "00:01:34", "text": "yield being too high. Okay. Uh inflation"}, {"start": "00:01:32", "end": "00:01:36", "text": "being too high"}, {"start": "00:01:34", "end": "00:01:40", "text": "and dealing with the same stuff that"}, {"start": "00:01:36", "end": "00:01:43", "text": "we're dealing with, but only worse."}, {"start": "00:01:40", "end": "00:01:46", "text": "And their markets are more like meme"}, {"start": "00:01:43", "end": "00:01:51", "text": "markets. They can go up and down by like"}, {"start": "00:01:46", "end": "00:01:53", "text": "10% in a day. they crash 6% 8%. Pretty"}, {"start": "00:01:51", "end": "00:01:57", "text": "normal"}, {"start": "00:01:53", "end": "00:02:00", "text": "pretty normal for them. Okay. So that is"}, {"start": "00:01:57", "end": "00:02:02", "text": "what happened yesterday and and and"}, {"start": "00:02:00", "end": "00:02:05", "text": "today leading into today and"}, {"start": "00:02:02", "end": "00:02:09", "text": "unfortunately that caused crypto market"}, {"start": "00:02:05", "end": "00:02:12", "text": "again to have a huge"}, {"start": "00:02:09", "end": "00:02:16", "text": "776 million"}, {"start": "00:02:12", "end": "00:02:20", "text": "worth of longs and shorts liquidated and"}, {"start": "00:02:16", "end": "00:02:22", "text": "most of that on the long side. Again,"}, {"start": "00:02:20", "end": "00:02:25", "text": "you know, there are still too too many"}, {"start": "00:02:22", "end": "00:02:26", "text": "people with too much leverage in the"}, {"start": "00:02:25", "end": "00:02:30", "text": "space that is getting wiped out. And"}, {"start": "00:02:26", "end": "00:02:31", "text": "that is what drove us down like this."}, {"start": "00:02:30", "end": "00:02:33", "text": "That's why we see these crazy"}, {"start": "00:02:31", "end": "00:02:36", "text": "volatilities because we have these big"}, {"start": "00:02:33", "end": "00:02:38", "text": "liquidation events. Okay. Luckily,"}, {"start": "00:02:36", "end": "00:02:42", "text": "Bitcoin is strong. So, we recovered"}, {"start": "00:02:38", "end": "00:02:44", "text": "mostly, but like soul is much weaker"}, {"start": "00:02:42", "end": "00:02:48", "text": "now. Just a few days ago was 120. Now,"}, {"start": "00:02:44", "end": "00:02:51", "text": "it's at 106. ETH a few days ago was"}, {"start": "00:02:48", "end": "00:02:55", "text": "trying to breach 27 2800. Now it's back"}, {"start": "00:02:51", "end": "00:02:57", "text": "to 2500. So unfortunately the alts got"}, {"start": "00:02:55", "end": "00:02:59", "text": "weaker and a lot of the tech stocks got"}, {"start": "00:02:57", "end": "00:03:01", "text": "really really weak over the last few"}, {"start": "00:02:59", "end": "00:03:05", "text": "days."}, {"start": "00:03:01", "end": "00:03:08", "text": "So that's what's happening"}, {"start": "00:03:05", "end": "00:03:12", "text": "uh in uh US. You could see we're pretty"}, {"start": "00:03:08", "end": "00:03:14", "text": "red right now because we are one day"}, {"start": "00:03:12", "end": "00:03:17", "text": "away"}, {"start": "00:03:14", "end": "00:03:19", "text": "from that"}, {"start": "00:03:17", "end": "00:03:21", "text": "next inflation reading. Okay. And"}, {"start": "00:03:19", "end": "00:03:25", "text": "inflation"}, {"start": "00:03:21", "end": "00:03:30", "text": "is tough right now. Tough."}, {"start": "00:03:25", "end": "00:03:31", "text": "With bond yields high, inflation high,"}, {"start": "00:03:30", "end": "00:03:35", "text": "right? There are a lot of people that"}, {"start": "00:03:31", "end": "00:03:39", "text": "are worried about what's coming. Are we"}, {"start": "00:03:35", "end": "00:03:39", "text": "going to see a giant collapse?"}, {"start": "00:03:39", "end": "00:03:44", "text": "Right? A lot of people are debating this"}, {"start": "00:03:41", "end": "00:03:46", "text": "that we're at a critical junction. You"}, {"start": "00:03:44", "end": "00:03:50", "text": "have tech and AI that's still doing"}, {"start": "00:03:46", "end": "00:03:54", "text": "okay, leading the way, but the rest of"}, {"start": "00:03:50", "end": "00:03:55", "text": "the market is looking pretty weak."}, {"start": "00:03:54", "end": "00:03:59", "text": "[snorts]"}, {"start": "00:03:55", "end": "00:04:03", "text": "So, we're digesting that right now,"}, {"start": "00:03:59", "end": "00:04:06", "text": "right? And even our own Fed,"}, {"start": "00:04:03", "end": "00:04:09", "text": "at least some within the Fed, are saying"}, {"start": "00:04:06", "end": "00:04:12", "text": "higher rates may be needed"}, {"start": "00:04:09", "end": "00:04:16", "text": "to avoid inflation inflationary mindset."}, {"start": "00:04:12", "end": "00:04:19", "text": "Well, that's no good."}, {"start": "00:04:16", "end": "00:04:22", "text": "So, yeah, this is probably a big reason"}, {"start": "00:04:19", "end": "00:04:24", "text": "why Asia crashed, why US markets red"}, {"start": "00:04:22", "end": "00:04:28", "text": "today, why it's kind of iffy recently."}, {"start": "00:04:24", "end": "00:04:32", "text": "We're just not making any moves, right,"}, {"start": "00:04:28", "end": "00:04:34", "text": "for Bitcoin, for crypto, for stocks."}, {"start": "00:04:32", "end": "00:04:37", "text": "Kind of just hang in there. Hand and"}, {"start": "00:04:34", "end": "00:04:39", "text": "balance. So, tomorrow we do have a big"}, {"start": "00:04:37", "end": "00:04:42", "text": "inflation reading, CPI, and then"}, {"start": "00:04:39", "end": "00:04:45", "text": "Thursday will PPI. PPI will most likely"}, {"start": "00:04:42", "end": "00:04:47", "text": "say what CPI says. It's going to be very"}, {"start": "00:04:45", "end": "00:04:49", "text": "important. Inflation's going to tick up,"}, {"start": "00:04:47", "end": "00:04:53", "text": "but how much? So, more than expectations"}, {"start": "00:04:49", "end": "00:04:53", "text": "or less?"}, {"start": "00:04:54", "end": "00:04:59", "text": "We'll have to see. We'll have to see."}, {"start": "00:04:56", "end": "00:05:01", "text": "But right now, we are sitting pretty for"}, {"start": "00:04:59", "end": "00:05:03", "text": "this next FOMC meeting at the end of the"}, {"start": "00:05:01", "end": "00:05:05", "text": "month. 80% hold. That could change"}, {"start": "00:05:03", "end": "00:05:08", "text": "drastically if tomorrow's inflation"}, {"start": "00:05:05", "end": "00:05:10", "text": "reading is horrible."}, {"start": "00:05:08", "end": "00:05:13", "text": "I don't know if it is. Oil, even though"}, {"start": "00:05:10", "end": "00:05:16", "text": "elevated, hasn't been going up even"}, {"start": "00:05:13", "end": "00:05:18", "text": "more. So, I think we're okay."}, {"start": "00:05:16", "end": "00:05:22", "text": "I don't think there's a lot that can"}, {"start": "00:05:18", "end": "00:05:25", "text": "bring this 80% down to"}, {"start": "00:05:22", "end": "00:05:28", "text": "to below 50%, but you know, we'll have"}, {"start": "00:05:25", "end": "00:05:30", "text": "to see over the next few days,"}, {"start": "00:05:28", "end": "00:05:33", "text": "right? So, that's that's what's"}, {"start": "00:05:30", "end": "00:05:35", "text": "happening right now. Unfortunately, a"}, {"start": "00:05:33", "end": "00:05:38", "text": "lot of"}, {"start": "00:05:35", "end": "00:05:40", "text": "lot of chaos, okay? A lot of scared"}, {"start": "00:05:38", "end": "00:05:43", "text": "people"}, {"start": "00:05:40", "end": "00:05:43", "text": "waiting."}, {"start": "00:05:44", "end": "00:05:47", "text": "And same day with Wall Street, too."}, {"start": "00:05:46", "end": "00:05:50", "text": "Unfortunately, we just had another"}, {"start": "00:05:47", "end": "00:05:54", "text": "outflow day."}, {"start": "00:05:50", "end": "00:05:56", "text": "Okay. Well, actually,"}, {"start": "00:05:54", "end": "00:05:59", "text": "actually, this is outdated. I don't know"}, {"start": "00:05:56", "end": "00:06:01", "text": "why this is I need to I need to update"}, {"start": "00:05:59", "end": "00:06:03", "text": "this, but I'm pretty sure it was"}, {"start": "00:06:01", "end": "00:06:06", "text": "outflow. [laughter]"}, {"start": "00:06:03", "end": "00:06:08", "text": "This is wrong. Uh this is the collector"}, {"start": "00:06:06", "end": "00:06:11", "text": "is not right. So, I have to fix this,"}, {"start": "00:06:08", "end": "00:06:15", "text": "but pretty sure that it was it was"}, {"start": "00:06:11", "end": "00:06:17", "text": "negative from yesterday's uh yesterday's"}, {"start": "00:06:15", "end": "00:06:21", "text": "selloff."}, {"start": "00:06:17", "end": "00:06:27", "text": "But you know what? Are there better"}, {"start": "00:06:21", "end": "00:06:31", "text": "days coming? Okay. Is this the start of"}, {"start": "00:06:27", "end": "00:06:33", "text": "a breakdown or a break out?"}, {"start": "00:06:31", "end": "00:06:35", "text": "Well, it's hard to see a breakout right"}, {"start": "00:06:33", "end": "00:06:38", "text": "now, but that doesn't mean that we can't"}, {"start": "00:06:35", "end": "00:06:40", "text": "hold. And we have been we've been"}, {"start": "00:06:38", "end": "00:06:43", "text": "holding in mid30s."}, {"start": "00:06:40", "end": "00:06:45", "text": "I mean mid30s. What am I saying? Mid"}, {"start": "00:06:43", "end": "00:06:48", "text": "80s."}, {"start": "00:06:45", "end": "00:06:51", "text": "Okay. And we're doing well still. A lot"}, {"start": "00:06:48", "end": "00:06:54", "text": "of people are still buying Bitcoin,"}, {"start": "00:06:51", "end": "00:06:56", "text": "holding Bitcoin, DCA Bitcoin, and"}, {"start": "00:06:54", "end": "00:07:01", "text": "turning Bitcoin especially because of"}, {"start": "00:06:56", "end": "00:07:06", "text": "the high yield and inflation risks"}, {"start": "00:07:01", "end": "00:07:09", "text": "that exists right now. Okay. So,"}, {"start": "00:07:06", "end": "00:07:11", "text": "we'll see. MetaPlanet and of course"}, {"start": "00:07:09", "end": "00:07:15", "text": "other Bitcoin treasury companies"}, {"start": "00:07:11", "end": "00:07:18", "text": "continue to DCA Strive has been buying a"}, {"start": "00:07:15", "end": "00:07:23", "text": "lot. Sailor started buying again."}, {"start": "00:07:18", "end": "00:07:27", "text": "MetaPlanet wants to buy a whole lot"}, {"start": "00:07:23", "end": "00:07:28", "text": "and long-term holders are definitely"}, {"start": "00:07:27", "end": "00:07:33", "text": "DCAing"}, {"start": "00:07:28", "end": "00:07:34", "text": "and even option traders are back."}, {"start": "00:07:33", "end": "00:07:36", "text": "Obviously, we have leverage traders and"}, {"start": "00:07:34", "end": "00:07:38", "text": "they're getting they're the ones"}, {"start": "00:07:36", "end": "00:07:40", "text": "getting, you know, wiped out left and"}, {"start": "00:07:38", "end": "00:07:41", "text": "right. But option traders are more like"}, {"start": "00:07:40", "end": "00:07:43", "text": "long-term traders, right? They're"}, {"start": "00:07:41", "end": "00:07:48", "text": "they're pricing what a price will be at"}, {"start": "00:07:43", "end": "00:07:48", "text": "a certain day, usually in the future,"}, {"start": "00:07:49", "end": "00:07:55", "text": "and they're actually back to 2021"}, {"start": "00:07:51", "end": "00:08:00", "text": "levels, which is really surprising."}, {"start": "00:07:55", "end": "00:08:02", "text": "Okay, so remember what happened in 2021?"}, {"start": "00:08:00", "end": "00:08:05", "text": "We had a pretty good year."}, {"start": "00:08:02", "end": "00:08:08", "text": "Now the option levels are nearly as"}, {"start": "00:08:05", "end": "00:08:10", "text": "high. So what does that tell you?"}, {"start": "00:08:08", "end": "00:08:14", "text": "A lot of people expecting good things to"}, {"start": "00:08:10", "end": "00:08:16", "text": "come in the future."}, {"start": "00:08:14", "end": "00:08:18", "text": "So"}, {"start": "00:08:16", "end": "00:08:22", "text": "I think we're okay. I think we're okay"}, {"start": "00:08:18", "end": "00:08:24", "text": "shortterm because of the tailwinds"}, {"start": "00:08:22", "end": "00:08:26", "text": "and the headwinds that we face. We're"}, {"start": "00:08:24", "end": "00:08:29", "text": "kind of going sideways. Look at this."}, {"start": "00:08:26", "end": "00:08:32", "text": "We're defending,"}, {"start": "00:08:29", "end": "00:08:34", "text": "you know, this level."}, {"start": "00:08:32", "end": "00:08:37", "text": "and we're looking to not only defend it,"}, {"start": "00:08:34", "end": "00:08:40", "text": "but break out, which you know is right"}, {"start": "00:08:37", "end": "00:08:43", "text": "under $100,000. Okay, so that's what's"}, {"start": "00:08:40", "end": "00:08:45", "text": "happening right now. We may have to wait"}, {"start": "00:08:43", "end": "00:08:52", "text": "longer, may have to wait a few more"}, {"start": "00:08:45", "end": "00:08:52", "text": "months, but remember, we are in October"}, {"start": "00:08:53", "end": "00:09:01", "text": "and October is not over until it's over."}, {"start": "00:08:58", "end": "00:09:02", "text": "So, we have seen this before. I remember"}, {"start": "00:09:01", "end": "00:09:04", "text": "last was the same thing. It was like the"}, {"start": "00:09:02", "end": "00:09:06", "text": "last week and a half. That's when we"}, {"start": "00:09:04", "end": "00:09:09", "text": "started moving. Could be the same thing"}, {"start": "00:09:06", "end": "00:09:14", "text": "this year. I think we would have gone"}, {"start": "00:09:09", "end": "00:09:15", "text": "higher, broke 87 if not for all the"}, {"start": "00:09:14", "end": "00:09:17", "text": "stuff that's going on, right? All the"}, {"start": "00:09:15", "end": "00:09:20", "text": "macro stuff that's really holding us"}, {"start": "00:09:17", "end": "00:09:23", "text": "back. That's holding all markets back."}, {"start": "00:09:20", "end": "00:09:25", "text": "But Bitcoin is strong"}, {"start": "00:09:23", "end": "00:09:28", "text": "and there's no doubt that we are in"}, {"start": "00:09:25", "end": "00:09:30", "text": "recovery mode. So, you may have to just"}, {"start": "00:09:28", "end": "00:09:32", "text": "wait a little bit longer. That's all."}, {"start": "00:09:30", "end": "00:09:34", "text": "That's all."}, {"start": "00:09:32", "end": "00:09:37", "text": "All right. Outside of Bitcoin, what"}, {"start": "00:09:34", "end": "00:09:38", "text": "else? Tom Lee still very bullish about"}, {"start": "00:09:37", "end": "00:09:42", "text": "everything."}, {"start": "00:09:38", "end": "00:09:44", "text": "Seeing a two trillion wealth transfer,"}, {"start": "00:09:42", "end": "00:09:46", "text": "saying that the older generation is"}, {"start": "00:09:44", "end": "00:09:48", "text": "getting older and the younger generation"}, {"start": "00:09:46", "end": "00:09:50", "text": "is about to take over. And when they"}, {"start": "00:09:48", "end": "00:09:56", "text": "take over, they're not going to care"}, {"start": "00:09:50", "end": "00:09:59", "text": "about gold and silver and copper and all"}, {"start": "00:09:56", "end": "00:10:01", "text": "the other stuff that the older"}, {"start": "00:09:59", "end": "00:10:04", "text": "generation may care about. They care"}, {"start": "00:10:01", "end": "00:10:07", "text": "about digital digital money, digital"}, {"start": "00:10:04", "end": "00:10:07", "text": "transfer."}, {"start": "00:10:07", "end": "00:10:13", "text": "And that's right. And that's why he"}, {"start": "00:10:09", "end": "00:10:15", "text": "continues to inch closer to his 5% goal"}, {"start": "00:10:13", "end": "00:10:20", "text": "of"}, {"start": "00:10:15", "end": "00:10:22", "text": "holding all of ETH. basically"}, {"start": "00:10:20", "end": "00:10:23", "text": "5% of all youth. That's what I meant to"}, {"start": "00:10:22", "end": "00:10:24", "text": "say. I said that came out wrong,"}, {"start": "00:10:23", "end": "00:10:27", "text": "[laughter]"}, {"start": "00:10:24", "end": "00:10:32", "text": "but you get my point."}, {"start": "00:10:27", "end": "00:10:34", "text": "He's like the the sailor of of ETH,"}, {"start": "00:10:32", "end": "00:10:37", "text": "right?"}, {"start": "00:10:34", "end": "00:10:39", "text": "So, we got a lot of strong people that"}, {"start": "00:10:37", "end": "00:10:44", "text": "still believe and Tomley thinks that"}, {"start": "00:10:39", "end": "00:10:46", "text": "2027 could be a really, really, really"}, {"start": "00:10:44", "end": "00:10:51", "text": "good year. But other economists are"}, {"start": "00:10:46", "end": "00:10:55", "text": "saying 2027 may be weak. So we'll see"}, {"start": "00:10:51", "end": "00:10:55", "text": "what happens after midterms."}, {"start": "00:10:56", "end": "00:11:04", "text": "What else? Uh Ledger confirms that all"}, {"start": "00:11:00", "end": "00:11:06", "text": "these well not all but some devices that"}, {"start": "00:11:04", "end": "00:11:09", "text": "was sold from Cryptobillies"}, {"start": "00:11:06", "end": "00:11:12", "text": "they actually have some kind of mobile"}, {"start": "00:11:09", "end": "00:11:16", "text": "chip in them. So it would automatically"}, {"start": "00:11:12", "end": "00:11:19", "text": "send the the private key over the mobile"}, {"start": "00:11:16", "end": "00:11:21", "text": "network to whoever to the hackers."}, {"start": "00:11:19", "end": "00:11:23", "text": "That's insane. That's actually really"}, {"start": "00:11:21", "end": "00:11:25", "text": "expensive. And how did they even manage"}, {"start": "00:11:23", "end": "00:11:27", "text": "to fit that in there? I don't know. But"}, {"start": "00:11:25", "end": "00:11:30", "text": "that's what Ledger says. So"}, {"start": "00:11:27", "end": "00:11:32", "text": "unfortunately, if you bought"}, {"start": "00:11:30", "end": "00:11:34", "text": "a Ledger from CryptoBills, you should"}, {"start": "00:11:32", "end": "00:11:37", "text": "stop using immediately. Transfer stuff"}, {"start": "00:11:34", "end": "00:11:40", "text": "out, recover to another wallet, and"}, {"start": "00:11:37", "end": "00:11:42", "text": "that's that. Actually, not only that, if"}, {"start": "00:11:40", "end": "00:11:44", "text": "you recover, then send it to another"}, {"start": "00:11:42", "end": "00:11:46", "text": "wallet because even if you recover, they"}, {"start": "00:11:44", "end": "00:11:48", "text": "still have the private key to that to"}, {"start": "00:11:46", "end": "00:11:50", "text": "that wallet and you just throw it in the"}, {"start": "00:11:48", "end": "00:11:52", "text": "trash."}, {"start": "00:11:50", "end": "00:11:55", "text": "You don't want to risk it."}, {"start": "00:11:52", "end": "00:11:58", "text": "So, just be careful with that."}, {"start": "00:11:55", "end": "00:12:00", "text": "[snorts] Uh, what else? This is kind of"}, {"start": "00:11:58", "end": "00:12:02", "text": "shocking."}, {"start": "00:12:00", "end": "00:12:05", "text": "Those of you guys that remember the NFT"}, {"start": "00:12:02", "end": "00:12:07", "text": "days, Blur"}, {"start": "00:12:05", "end": "00:12:10", "text": "was the biggest NFT marketplace. They"}, {"start": "00:12:07", "end": "00:12:11", "text": "overtook OpenC"}, {"start": "00:12:10", "end": "00:12:13", "text": "and it was kind of nuts. They came out"}, {"start": "00:12:11", "end": "00:12:17", "text": "of nowhere. They're making money like"}, {"start": "00:12:13", "end": "00:12:22", "text": "crazy. 1.43 billion in monthly trading"}, {"start": "00:12:17", "end": "00:12:26", "text": "volume in 2023 now down to seven"}, {"start": "00:12:22", "end": "00:12:28", "text": "per month. and uh and they're closing"}, {"start": "00:12:26", "end": "00:12:31", "text": "down"}, {"start": "00:12:28", "end": "00:12:34", "text": "and their sister project blast is also"}, {"start": "00:12:31", "end": "00:12:35", "text": "closing down which is like a lending"}, {"start": "00:12:34", "end": "00:12:38", "text": "thing you know like back in the day"}, {"start": "00:12:35", "end": "00:12:40", "text": "NFTTS were hot and people were like"}, {"start": "00:12:38", "end": "00:12:41", "text": "lending against them and stuff I think"}, {"start": "00:12:40", "end": "00:12:44", "text": "that's why they they went out of"}, {"start": "00:12:41", "end": "00:12:48", "text": "business because all those NFTts really"}, {"start": "00:12:44", "end": "00:12:50", "text": "had no true value so if the price"}, {"start": "00:12:48", "end": "00:12:54", "text": "collapsed all the people that put down"}, {"start": "00:12:50", "end": "00:12:56", "text": "the collateral all got liquidated wiped"}, {"start": "00:12:54", "end": "00:12:58", "text": "out."}, {"start": "00:12:56", "end": "00:13:01", "text": "So,"}, {"start": "00:12:58", "end": "00:13:05", "text": "Crypto Winter has not been kind for a"}, {"start": "00:13:01", "end": "00:13:08", "text": "lot of projects for exchanges,"}, {"start": "00:13:05", "end": "00:13:11", "text": "even NFT marketplaces or marketplaces in"}, {"start": "00:13:08", "end": "00:13:13", "text": "general. I don't know though. I don't"}, {"start": "00:13:11", "end": "00:13:14", "text": "know how you could lose that much money"}, {"start": "00:13:13", "end": "00:13:18", "text": "though. Again, maybe because they"}, {"start": "00:13:14", "end": "00:13:20", "text": "leverage too much on NFTTS themselves."}, {"start": "00:13:18", "end": "00:13:24", "text": "But, you know, if you were making money"}, {"start": "00:13:20", "end": "00:13:27", "text": "from 1.43 43 billion volume per month."}, {"start": "00:13:24", "end": "00:13:29", "text": "Even to now under 7 million per month,"}, {"start": "00:13:27", "end": "00:13:32", "text": "you're still making money. I don't I"}, {"start": "00:13:29", "end": "00:13:32", "text": "don't know why."}, {"start": "00:13:33", "end": "00:13:37", "text": "I don't know. Unless they spent it all"}, {"start": "00:13:34", "end": "00:13:39", "text": "again or they leveraged on the NFTts and"}, {"start": "00:13:37", "end": "00:13:41", "text": "they all collapsed. Probably something"}, {"start": "00:13:39", "end": "00:13:43", "text": "like that. Probably"}, {"start": "00:13:41", "end": "00:13:46", "text": "combination that all their profit they"}, {"start": "00:13:43", "end": "00:13:49", "text": "used to buy NFTTS themselves and then"}, {"start": "00:13:46", "end": "00:13:51", "text": "now they're all worthless."}, {"start": "00:13:49", "end": "00:13:54", "text": "But not"}, {"start": "00:13:51", "end": "00:13:57", "text": "Not the Clash NFTts though because they"}, {"start": "00:13:54", "end": "00:14:01", "text": "have utility and they continue to give"}, {"start": "00:13:57", "end": "00:14:03", "text": "more utility. So see that's kind of"}, {"start": "00:14:01", "end": "00:14:05", "text": "where I kind of learn from past"}, {"start": "00:14:03", "end": "00:14:08", "text": "mistakes."}, {"start": "00:14:05", "end": "00:14:11", "text": "Uh outside of that, South Korea's go"}, {"start": "00:14:08", "end": "00:14:14", "text": "block 27 crypto websites because they're"}, {"start": "00:14:11", "end": "00:14:16", "text": "unregistered. They're cracking down."}, {"start": "00:14:14", "end": "00:14:19", "text": "They want registration kind of like the"}, {"start": "00:14:16", "end": "00:14:22", "text": "US. All these big names that have left,"}, {"start": "00:14:19", "end": "00:14:25", "text": "Kcoin, Binance, Mexi, they're all coming"}, {"start": "00:14:22", "end": "00:14:27", "text": "back next year because now the CFTC"}, {"start": "00:14:25", "end": "00:14:31", "text": "says, \"Yeah, you can come back as long"}, {"start": "00:14:27", "end": "00:14:33", "text": "as you register and leverage and futures"}, {"start": "00:14:31", "end": "00:14:35", "text": "are going to be legal.\" So, they're all"}, {"start": "00:14:33", "end": "00:14:38", "text": "coming back. I guess that's what South"}, {"start": "00:14:35", "end": "00:14:41", "text": "Korea wants to."}, {"start": "00:14:38", "end": "00:14:43", "text": "Yep. And then lastly, Binance has shut"}, {"start": "00:14:41", "end": "00:14:45", "text": "down mining pool cloud mining related"}, {"start": "00:14:43", "end": "00:14:48", "text": "services. Again, kind of like everything"}, {"start": "00:14:45", "end": "00:14:50", "text": "else, like all these services that all"}, {"start": "00:14:48", "end": "00:14:51", "text": "these companies, you know, spent a lot"}, {"start": "00:14:50", "end": "00:14:53", "text": "of money in the last few years, they're"}, {"start": "00:14:51", "end": "00:14:57", "text": "in bull run. When money is flowing is"}, {"start": "00:14:53", "end": "00:14:58", "text": "great. When money is not flowing,"}, {"start": "00:14:57", "end": "00:15:00", "text": "they're not doing anything. They're"}, {"start": "00:14:58", "end": "00:15:02", "text": "probably costing or hurting bottom line."}, {"start": "00:15:00", "end": "00:15:04", "text": "So,"}, {"start": "00:15:02", "end": "00:15:08", "text": "shutting all that down, it says Binance"}, {"start": "00:15:04", "end": "00:15:11", "text": "is expanding AI powered trading tools."}, {"start": "00:15:08", "end": "00:15:14", "text": "All that's BS. All that's BS. It's all"}, {"start": "00:15:11", "end": "00:15:16", "text": "designed for people to lose more money"}, {"start": "00:15:14", "end": "00:15:18", "text": "at their exchanges because it doesn't"}, {"start": "00:15:16", "end": "00:15:21", "text": "matter if you get liquidated or you lose"}, {"start": "00:15:18", "end": "00:15:23", "text": "money at exchange,"}, {"start": "00:15:21", "end": "00:15:27", "text": "they make money because they're"}, {"start": "00:15:23", "end": "00:15:29", "text": "collecting the fees. That's just how"}, {"start": "00:15:27", "end": "00:15:31", "text": "that's how it is."}, {"start": "00:15:29", "end": "00:15:33", "text": "All right,"}, {"start": "00:15:31", "end": "00:15:35", "text": "that's about it. Hey, the good news is"}, {"start": "00:15:33", "end": "00:15:39", "text": "we're turning around a little bit. Na uh"}, {"start": "00:15:35", "end": "00:15:41", "text": "NASDAQ is almost green. S&P is turning"}, {"start": "00:15:39", "end": "00:15:45", "text": "green."}, {"start": "00:15:41", "end": "00:15:45", "text": "Okay, so"}, {"start": "00:15:45", "end": "00:15:50", "text": "maybe today is going to be a surprise"}, {"start": "00:15:46", "end": "00:15:50", "text": "day before CPI."}, {"start": "00:15:50", "end": "00:15:58", "text": "And with ClashB, we're up to 1464"}, {"start": "00:15:54", "end": "00:16:02", "text": "soul. And that number continues to rise"}, {"start": "00:15:58", "end": "00:16:05", "text": "as the platform and coins rewards"}, {"start": "00:16:02", "end": "00:16:07", "text": "its holders. That's how we're doing it"}, {"start": "00:16:05", "end": "00:16:10", "text": "differently. It's not just to the"}, {"start": "00:16:07", "end": "00:16:12", "text": "creator, not to just the platform. In"}, {"start": "00:16:10", "end": "00:16:15", "text": "fact, most of the rewards have gone to"}, {"start": "00:16:12", "end": "00:16:20", "text": "the holders"}, {"start": "00:16:15", "end": "00:16:23", "text": "and Front Line is looking good. Looking"}, {"start": "00:16:20", "end": "00:16:25", "text": "good. And that I think we'll be able to"}, {"start": "00:16:23", "end": "00:16:26", "text": "I'll be able to get her ready by Friday."}, {"start": "00:16:25", "end": "00:16:29", "text": "I'm going to create a really good"}, {"start": "00:16:26", "end": "00:16:33", "text": "trailer either today or tomorrow. But"}, {"start": "00:16:29", "end": "00:16:37", "text": "season two of Frontline will blow you"}, {"start": "00:16:33", "end": "00:16:40", "text": "away. Literally"}, {"start": "00:16:37", "end": "00:16:44", "text": "the upgrade, the leap, the jump to a"}, {"start": "00:16:40", "end": "00:16:45", "text": "true firstperson shooter experience,"}, {"start": "00:16:44", "end": "00:16:48", "text": "man."}, {"start": "00:16:45", "end": "00:16:50", "text": "Forget Call of Duty Modern Warfare 4 or"}, {"start": "00:16:48", "end": "00:16:53", "text": "Battlefield"}, {"start": "00:16:50", "end": "00:16:54", "text": "6 or the next season Battlefield 6."}, {"start": "00:16:53", "end": "00:16:56", "text": "We're going to be right up there and"}, {"start": "00:16:54", "end": "00:16:57", "text": "we're going to be even better because we"}, {"start": "00:16:56", "end": "00:17:00", "text": "have features that they don't have. Just"}, {"start": "00:16:57", "end": "00:17:05", "text": "like Clash World, both"}, {"start": "00:17:00", "end": "00:17:07", "text": "are progressing at a rapid rate."}, {"start": "00:17:05", "end": "00:17:09", "text": "And it's they're going to be phenomenal."}, {"start": "00:17:07", "end": "00:17:11", "text": "Phenomenal. But Frontline season 2 will"}, {"start": "00:17:09", "end": "00:17:13", "text": "come out first and I think people will"}, {"start": "00:17:11", "end": "00:17:17", "text": "get blown away by it. It's really really"}, {"start": "00:17:13", "end": "00:17:23", "text": "good. No exaggeration."}, {"start": "00:17:17", "end": "00:17:23", "text": "All right, let's do some Q& A."}, {"start": "00:17:55", "end": "00:17:59", "text": "Alfred says, \"Crypto is now a playground"}, {"start": "00:17:57", "end": "00:18:02", "text": "for institutions also.\""}, {"start": "00:17:59", "end": "00:18:04", "text": "That's true. Institutions,"}, {"start": "00:18:02", "end": "00:18:09", "text": "funds, you know, they they're taking a"}, {"start": "00:18:04", "end": "00:18:09", "text": "risk. They're in the"}, {"start": "00:18:09", "end": "00:18:14", "text": "they're in it just like retail now. And"}, {"start": "00:18:13", "end": "00:18:16", "text": "sometimes they can predict things,"}, {"start": "00:18:14", "end": "00:18:19", "text": "sometimes they can't. That's why they're"}, {"start": "00:18:16", "end": "00:18:23", "text": "very reactionary [snorts]"}, {"start": "00:18:19", "end": "00:18:23", "text": "and sometimes they're moving things."}, {"start": "00:18:27", "end": "00:18:32", "text": "Could I make a board game type? Can I"}, {"start": "00:18:30", "end": "00:18:35", "text": "make a board game type of game like"}, {"start": "00:18:32", "end": "00:18:40", "text": "Hampton? Like what kind of board game?"}, {"start": "00:18:35", "end": "00:18:42", "text": "Um, Clash Cart season two is also done."}, {"start": "00:18:40", "end": "00:18:46", "text": "So that I will release as well. And that"}, {"start": "00:18:42", "end": "00:18:49", "text": "is a huge upgrade too from Clash Cart"}, {"start": "00:18:46", "end": "00:18:49", "text": "right now."}, {"start": "00:18:50", "end": "00:18:56", "text": "I didn't I didn't post it yet, but if"}, {"start": "00:18:53", "end": "00:18:58", "text": "you guys are not signed up for Clash"}, {"start": "00:18:56", "end": "00:18:59", "text": "project, you should. This is how you"}, {"start": "00:18:58", "end": "00:19:01", "text": "learn about everything under the Clash"}, {"start": "00:18:59", "end": "00:19:03", "text": "ecosystem like Ask Clash, everything"}, {"start": "00:19:01", "end": "00:19:05", "text": "that I'm showing you guys daily. all the"}, {"start": "00:19:03", "end": "00:19:08", "text": "tools that we have. Clash Pad, of"}, {"start": "00:19:05", "end": "00:19:12", "text": "course, our launchpad, Clash Pix, our"}, {"start": "00:19:08", "end": "00:19:13", "text": "prediction marketplace, and the games."}, {"start": "00:19:12", "end": "00:19:15", "text": "Uh, the front line, if you haven't"}, {"start": "00:19:13", "end": "00:19:19", "text": "played it, you can play season one right"}, {"start": "00:19:15", "end": "00:19:23", "text": "now. It's browser based. It's fun, but"}, {"start": "00:19:19", "end": "00:19:25", "text": "you know, it is a simple one, simple"}, {"start": "00:19:23", "end": "00:19:28", "text": "FPS. Season two is just so much better."}, {"start": "00:19:25", "end": "00:19:30", "text": "We got Clash Jam and uh people randomly"}, {"start": "00:19:28", "end": "00:19:33", "text": "are just playing random games and crypto"}, {"start": "00:19:30", "end": "00:19:35", "text": "Clash Cart. Clash Cart like I said"}, {"start": "00:19:33", "end": "00:19:39", "text": "season 2 is coming out."}, {"start": "00:19:35", "end": "00:19:40", "text": "It is a huge substantial upgrade."}, {"start": "00:19:39", "end": "00:19:42", "text": "So that's coming up and all the other"}, {"start": "00:19:40", "end": "00:19:45", "text": "games too. Just simple games, mindless"}, {"start": "00:19:42", "end": "00:19:47", "text": "games that you can play. And that's all"}, {"start": "00:19:45", "end": "00:19:50", "text": "on Clash Project. And you could earn PC"}, {"start": "00:19:47", "end": "00:19:54", "text": "Clash by playing. And you get more Clash"}, {"start": "00:19:50", "end": "00:19:58", "text": "score by playing as well. So PClash you"}, {"start": "00:19:54", "end": "00:19:59", "text": "could use on Clash Pics, okay? You can"}, {"start": "00:19:58", "end": "00:20:03", "text": "make predictions with them. They're"}, {"start": "00:19:59", "end": "00:20:05", "text": "given out for free or you can do thumbs"}, {"start": "00:20:03", "end": "00:20:07", "text": "up on Clashpad."}, {"start": "00:20:05", "end": "00:20:09", "text": "But the Clash score is important and"}, {"start": "00:20:07", "end": "00:20:12", "text": "I've talked about that. Everyone that"}, {"start": "00:20:09", "end": "00:20:15", "text": "holds Clash holds one of our NFTts get"}, {"start": "00:20:12", "end": "00:20:16", "text": "daily score to get a base score as well."}, {"start": "00:20:15", "end": "00:20:21", "text": "also [snorts]"}, {"start": "00:20:16", "end": "00:20:24", "text": "usage on Clashpad on Clash Pix and ask"}, {"start": "00:20:21", "end": "00:20:26", "text": "Clash, anything in the Clash ecosystem,"}, {"start": "00:20:24", "end": "00:20:29", "text": "you get a score and this will be"}, {"start": "00:20:26", "end": "00:20:34", "text": "important for future air drops and other"}, {"start": "00:20:29", "end": "00:20:34", "text": "things that we do. So"}, {"start": "00:20:34", "end": "00:20:37", "text": "just that Y"}, {"start": "00:20:52", "end": "00:20:58", "text": "how be will you be getting okay I think"}, {"start": "00:20:55", "end": "00:21:01", "text": "Hobicious is asking give us any hints on"}, {"start": "00:20:58", "end": "00:21:03", "text": "how FPS will be used within the games,"}, {"start": "00:21:01", "end": "00:21:05", "text": "purchasing guns, perks, something like"}, {"start": "00:21:03", "end": "00:21:09", "text": "that. Yes."}, {"start": "00:21:05", "end": "00:21:12", "text": "Yes. Yes. And yes."}, {"start": "00:21:09", "end": "00:21:14", "text": "Uh, let's see if I could just load it."}, {"start": "00:21:12", "end": "00:21:18", "text": "It probably load it. I don't want you"}, {"start": "00:21:14", "end": "00:21:18", "text": "guys to see the"}, {"start": "00:21:44", "end": "00:21:48", "text": "Oh, that didn't load."}, {"start": "00:21:52", "end": "00:21:56", "text": "Hold on."}, {"start": "00:21:59", "end": "00:22:04", "text": "There we go."}, {"start": "00:22:02", "end": "00:22:06", "text": "Yeah. So, this this is will this will be"}, {"start": "00:22:04", "end": "00:22:09", "text": "how Frontline"}, {"start": "00:22:06", "end": "00:22:12", "text": "season two look."}, {"start": "00:22:09", "end": "00:22:14", "text": "So, you get a brand new storefront."}, {"start": "00:22:12", "end": "00:22:16", "text": "You're you would pick your load out"}, {"start": "00:22:14", "end": "00:22:19", "text": "before you start."}, {"start": "00:22:16", "end": "00:22:21", "text": "Okay. So, you can customize it. I added"}, {"start": "00:22:19", "end": "00:22:23", "text": "faces now."}, {"start": "00:22:21", "end": "00:22:26", "text": "Okay. There's like five different kind"}, {"start": "00:22:23", "end": "00:22:30", "text": "of faces."}, {"start": "00:22:26", "end": "00:22:34", "text": "And then the mass,"}, {"start": "00:22:30", "end": "00:22:36", "text": "you can customize your sleeve,"}, {"start": "00:22:34", "end": "00:22:41", "text": "your helmet,"}, {"start": "00:22:36", "end": "00:22:43", "text": "uh, you know, the color of your uniform,"}, {"start": "00:22:41", "end": "00:22:46", "text": "and then the guns, right? Some of this"}, {"start": "00:22:43", "end": "00:22:49", "text": "is obviously free. Some of it is based"}, {"start": "00:22:46", "end": "00:22:53", "text": "on your score,"}, {"start": "00:22:49", "end": "00:22:55", "text": "like within the game."}, {"start": "00:22:53", "end": "00:22:57", "text": "And uh there'll be ones that is for"}, {"start": "00:22:55", "end": "00:23:01", "text": "purchasing."}, {"start": "00:22:57", "end": "00:23:05", "text": "Rocket launcher is just awesome."}, {"start": "00:23:01", "end": "00:23:07", "text": "So all this will be in the store."}, {"start": "00:23:05", "end": "00:23:10", "text": "There'll be packs."}, {"start": "00:23:07", "end": "00:23:13", "text": "There'll be upgrades."}, {"start": "00:23:10", "end": "00:23:16", "text": "Okay. Maybe a new map or two."}, {"start": "00:23:13", "end": "00:23:19", "text": "So like a traditional FPS. So this is"}, {"start": "00:23:16", "end": "00:23:22", "text": "what F this is what FPS is going to be"}, {"start": "00:23:19", "end": "00:23:25", "text": "used for."}, {"start": "00:23:22", "end": "00:23:27", "text": "I think I'm going I'm going to allow um"}, {"start": "00:23:25", "end": "00:23:30", "text": "certain things like easy things"}, {"start": "00:23:27", "end": "00:23:32", "text": "customization maybe to be purchased with"}, {"start": "00:23:30", "end": "00:23:37", "text": "PC clash because a lot of people have PC"}, {"start": "00:23:32", "end": "00:23:38", "text": "clash also probably allow soul purchases"}, {"start": "00:23:37", "end": "00:23:40", "text": "they'll be a little bit more expensive"}, {"start": "00:23:38", "end": "00:23:42", "text": "than FPS and the point of that is"}, {"start": "00:23:40", "end": "00:23:46", "text": "because the soul collected can be used"}, {"start": "00:23:42", "end": "00:23:49", "text": "to buy back FPS so ultimately it's going"}, {"start": "00:23:46", "end": "00:23:53", "text": "to help FPS as well and then the bigger"}, {"start": "00:23:49", "end": "00:23:57", "text": "thing is how to figure out how to use"}, {"start": "00:23:53", "end": "00:24:01", "text": "FPS in tournaments. That will be huge."}, {"start": "00:23:57", "end": "00:24:01", "text": "That would be huge."}, {"start": "00:24:02", "end": "00:24:08", "text": "So, this is going to be a proper This is"}, {"start": "00:24:04", "end": "00:24:10", "text": "going to be a proper FPS"}, {"start": "00:24:08", "end": "00:24:14", "text": "first person shooter."}, {"start": "00:24:10", "end": "00:24:16", "text": "So, get ready for this. And the maps are"}, {"start": "00:24:14", "end": "00:24:21", "text": "just the maps are insane. Every single"}, {"start": "00:24:16", "end": "00:24:24", "text": "map is almost like studio quality. I"}, {"start": "00:24:21", "end": "00:24:25", "text": "wouldn't say exactly there. If I'm"}, {"start": "00:24:24", "end": "00:24:28", "text": "rating it to be honest, it's probably"}, {"start": "00:24:25", "end": "00:24:29", "text": "like a eight out of 10. Our current maps"}, {"start": "00:24:28", "end": "00:24:32", "text": "right now are probably like a four out"}, {"start": "00:24:29", "end": "00:24:34", "text": "of 10, three or four. Some of our maps"}, {"start": "00:24:32", "end": "00:24:37", "text": "are not that good. I mean, they're good"}, {"start": "00:24:34", "end": "00:24:40", "text": "for what it is, but compared to a studio"}, {"start": "00:24:37", "end": "00:24:43", "text": "like Battlefield 6 or Modern Warfare,"}, {"start": "00:24:40", "end": "00:24:46", "text": "probably like a three or four. The new"}, {"start": "00:24:43", "end": "00:24:47", "text": "maps are all at least a seven or eight."}, {"start": "00:24:46", "end": "00:24:49", "text": "I'm trying to see if I can close a gap,"}, {"start": "00:24:47", "end": "00:24:52", "text": "but that that's very hard. That's very"}, {"start": "00:24:49", "end": "00:24:54", "text": "hard. It takes years of designing those"}, {"start": "00:24:52", "end": "00:24:56", "text": "maps."}, {"start": "00:24:54", "end": "00:24:59", "text": "But this is this is this should be ready"}, {"start": "00:24:56", "end": "00:24:59", "text": "by Friday."}, {"start": "00:25:28", "end": "00:25:32", "text": "There'll be cool things in here too. New"}, {"start": "00:25:30", "end": "00:25:35", "text": "kind of weapons. I'm going to program in"}, {"start": "00:25:32", "end": "00:25:38", "text": "you could call air strike."}, {"start": "00:25:35", "end": "00:25:42", "text": "Uh there'll be explo exploding like"}, {"start": "00:25:38", "end": "00:25:44", "text": "barrels. Cars will be able to explode."}, {"start": "00:25:42", "end": "00:25:46", "text": "Um"}, {"start": "00:25:44", "end": "00:25:49", "text": "and other cool things in here. Body"}, {"start": "00:25:46", "end": "00:25:51", "text": "parts will go flying."}, {"start": "00:25:49", "end": "00:25:53", "text": "uh you could c you know people could"}, {"start": "00:25:51", "end": "00:25:56", "text": "catch on fire."}, {"start": "00:25:53", "end": "00:25:59", "text": "The rifle scopes, people that like to be"}, {"start": "00:25:56", "end": "00:26:03", "text": "snipers are really good. Feedback is"}, {"start": "00:25:59", "end": "00:26:06", "text": "good. Like it's just it's such a"}, {"start": "00:26:03", "end": "00:26:09", "text": "monumental upgrade. It's it's hard to"}, {"start": "00:26:06", "end": "00:26:13", "text": "believe that"}, {"start": "00:26:09", "end": "00:26:17", "text": "that a man of one me can make like a"}, {"start": "00:26:13", "end": "00:26:19", "text": "close to a studio like game. [laughter]"}, {"start": "00:26:17", "end": "00:26:24", "text": "It's it's once you guys play, you'll"}, {"start": "00:26:19", "end": "00:26:24", "text": "see. It's it's it's quite nuts."}, {"start": "00:26:28", "end": "00:26:35", "text": "And Clash World,"}, {"start": "00:26:31", "end": "00:26:38", "text": "that'll probably be another few weeks"}, {"start": "00:26:35", "end": "00:26:40", "text": "before GTA comes out. Before No, maybe"}, {"start": "00:26:38", "end": "00:26:43", "text": "around GTA time. I don't know when they"}, {"start": "00:26:40", "end": "00:26:45", "text": "come out. Like I think November."}, {"start": "00:26:43", "end": "00:26:47", "text": "So, I'm gonna give myself a month. Like,"}, {"start": "00:26:45", "end": "00:26:50", "text": "the the mechanics of Clash World is"}, {"start": "00:26:47", "end": "00:26:54", "text": "almost completely done."}, {"start": "00:26:50", "end": "00:26:56", "text": "The map is huge. I mean, huge. To"}, {"start": "00:26:54", "end": "00:27:00", "text": "explore the map will probably take you"}, {"start": "00:26:56", "end": "00:27:04", "text": "months. Okay, I'm not joking. Like, um,"}, {"start": "00:27:00", "end": "00:27:07", "text": "it's huge. It's GTA 5 size. Not GTA 6"}, {"start": "00:27:04", "end": "00:27:09", "text": "size, but GTA V size. Might actually be"}, {"start": "00:27:07", "end": "00:27:11", "text": "a little bit bigger."}, {"start": "00:27:09", "end": "00:27:14", "text": "um the stuff that you'll do in there is"}, {"start": "00:27:11", "end": "00:27:18", "text": "like gonna be really good"}, {"start": "00:27:14", "end": "00:27:20", "text": "and all you know cryptoreated activities"}, {"start": "00:27:18", "end": "00:27:22", "text": "integrated. I'm going to try to get AI"}, {"start": "00:27:20", "end": "00:27:27", "text": "integrated"}, {"start": "00:27:22", "end": "00:27:32", "text": "and it's it's going to be amazing."}, {"start": "00:27:27", "end": "00:27:32", "text": "Uh, I haven't checked out War Dogs. So,"}, {"start": "00:27:32", "end": "00:27:38", "text": "so Vision, no, I haven't I haven't"}, {"start": "00:27:34", "end": "00:27:38", "text": "played that."}, {"start": "00:27:46", "end": "00:27:51", "text": "Yeah, body cam. That's the one I I've"}, {"start": "00:27:48", "end": "00:27:55", "text": "seen that. I don't know. That almost"}, {"start": "00:27:51", "end": "00:27:57", "text": "looks fake to me. It's too realistic."}, {"start": "00:27:55", "end": "00:27:59", "text": "I I almost feel like they just took"}, {"start": "00:27:57", "end": "00:28:01", "text": "clips [laughter] of they filmed real"}, {"start": "00:27:59", "end": "00:28:05", "text": "clips and they just kind of like spliced"}, {"start": "00:28:01", "end": "00:28:08", "text": "it together. I don't know. It uh looks a"}, {"start": "00:28:05", "end": "00:28:11", "text": "little bit too good to me. I think"}, {"start": "00:28:08", "end": "00:28:13", "text": "Modern Warfare 4 comes out today. I"}, {"start": "00:28:11", "end": "00:28:15", "text": "don't know. Like I don't keep up with co"}, {"start": "00:28:13", "end": "00:28:17", "text": "cood games. I used to play all the, you"}, {"start": "00:28:15", "end": "00:28:19", "text": "know, when Modern Warfare 1 and two came"}, {"start": "00:28:17", "end": "00:28:22", "text": "out and Black Ops, you know, I used to"}, {"start": "00:28:19", "end": "00:28:25", "text": "play a lot of Call of Duty. I haven't"}, {"start": "00:28:22", "end": "00:28:25", "text": "really done that in a while."}, {"start": "00:28:31", "end": "00:28:35", "text": "Does better graphics affect the"}, {"start": "00:28:33", "end": "00:28:38", "text": "performance? Yeah, on your browser. It's"}, {"start": "00:28:35", "end": "00:28:41", "text": "all browser based. Uh you got to turn"}, {"start": "00:28:38", "end": "00:28:43", "text": "GPU acceleration on. The better GPU the"}, {"start": "00:28:41", "end": "00:28:45", "text": "better, but it scales the the quality"}, {"start": "00:28:43", "end": "00:28:49", "text": "will scale based on the the power of"}, {"start": "00:28:45", "end": "00:28:51", "text": "your GPU. So, um I don't have a really"}, {"start": "00:28:49", "end": "00:28:53", "text": "powerful one. I have a older GPU from"}, {"start": "00:28:51", "end": "00:28:55", "text": "like like five years ago. And if it"}, {"start": "00:28:53", "end": "00:28:57", "text": "works on mine, then it should work on"}, {"start": "00:28:55", "end": "00:28:59", "text": "most people's. Even if you're running"}, {"start": "00:28:57", "end": "00:29:01", "text": "off a laptop,"}, {"start": "00:28:59", "end": "00:29:05", "text": "it'll downgrade quality to the point"}, {"start": "00:29:01", "end": "00:29:08", "text": "where it should be smooth, like"}, {"start": "00:29:05", "end": "00:29:11", "text": "like 60 fps. Uh maybe not as high, but"}, {"start": "00:29:08", "end": "00:29:15", "text": "at least 30. I'm also optimizing every"}, {"start": "00:29:11", "end": "00:29:17", "text": "map that we have to make sure that"}, {"start": "00:29:15", "end": "00:29:19", "text": "they're the best quality and the"}, {"start": "00:29:17", "end": "00:29:21", "text": "fastest. You know, with games now, I'm"}, {"start": "00:29:19", "end": "00:29:24", "text": "learning a lot of stuff. There's a lot"}, {"start": "00:29:21", "end": "00:29:27", "text": "of tricks that you can do to make the"}, {"start": "00:29:24", "end": "00:29:29", "text": "the textures, the pixels, the shaders,"}, {"start": "00:29:27", "end": "00:29:34", "text": "you know, to load in a certain way or to"}, {"start": "00:29:29", "end": "00:29:37", "text": "hide or or delay. That makes the game"}, {"start": "00:29:34", "end": "00:29:40", "text": "uh more responsive and faster, lower"}, {"start": "00:29:37", "end": "00:29:43", "text": "latency, especially if it's a browser"}, {"start": "00:29:40", "end": "00:29:43", "text": "based game."}, {"start": "00:29:53", "end": "00:29:58", "text": "Michael asks a good question. What city"}, {"start": "00:29:55", "end": "00:30:01", "text": "is Clash World based on?"}, {"start": "00:29:58", "end": "00:30:03", "text": "Well, it's not Miami and it's not Los"}, {"start": "00:30:01", "end": "00:30:06", "text": "Angeles."}, {"start": "00:30:03", "end": "00:30:08", "text": "So, I'll give you a clue."}, {"start": "00:30:06", "end": "00:30:11", "text": "It's one of the top three cities in"}, {"start": "00:30:08", "end": "00:30:11", "text": "America."}, {"start": "00:30:12", "end": "00:30:18", "text": "Um, so"}, {"start": "00:30:15", "end": "00:30:22", "text": "that gives you two options. You pick."}, {"start": "00:30:18", "end": "00:30:22", "text": "It's gonna be one of the two."}, {"start": "00:30:22", "end": "00:30:26", "text": "The map is is huge. And one of the"}, {"start": "00:30:25", "end": "00:30:30", "text": "biggest things I'm trying to figure out"}, {"start": "00:30:26", "end": "00:30:31", "text": "is how to make it load the entire map,"}, {"start": "00:30:30", "end": "00:30:34", "text": "right? I may have to make it so that you"}, {"start": "00:30:31", "end": "00:30:38", "text": "have to download it just like GTA or any"}, {"start": "00:30:34", "end": "00:30:40", "text": "anything because to load a map that big"}, {"start": "00:30:38", "end": "00:30:43", "text": "is very very difficult. Like even the"}, {"start": "00:30:40", "end": "00:30:46", "text": "the the starter map that I've been"}, {"start": "00:30:43", "end": "00:30:48", "text": "messing with, it's like a small island."}, {"start": "00:30:46", "end": "00:30:51", "text": "Even loading all the buildings within"}, {"start": "00:30:48", "end": "00:30:54", "text": "there takes a challenge is a challenge."}, {"start": "00:30:51", "end": "00:30:57", "text": "I was counting the whole map"}, {"start": "00:30:54", "end": "00:31:00", "text": "has over 12,000 buildings. 12,000"}, {"start": "00:30:57", "end": "00:31:03", "text": "buildings in this map. So imagine"}, {"start": "00:31:00", "end": "00:31:05", "text": "loading all that simultaneously while"}, {"start": "00:31:03", "end": "00:31:07", "text": "you're playing. It's a It's a big"}, {"start": "00:31:05", "end": "00:31:10", "text": "challenge."}, {"start": "00:31:07", "end": "00:31:13", "text": "Um, but I'll figure it out. I'll figure"}, {"start": "00:31:10", "end": "00:31:14", "text": "out one way or another."}, {"start": "00:31:13", "end": "00:31:16", "text": "I was thinking it was really cool. I"}, {"start": "00:31:14", "end": "00:31:20", "text": "think the coolest thing for Clash World"}, {"start": "00:31:16", "end": "00:31:22", "text": "is businesses. Okay. Like for example,"}, {"start": "00:31:20", "end": "00:31:24", "text": "there's car dealerships in there. So, I"}, {"start": "00:31:22", "end": "00:31:27", "text": "think I can make it where you could buy"}, {"start": "00:31:24", "end": "00:31:30", "text": "a car dealership. That's going to cost"}, {"start": "00:31:27", "end": "00:31:32", "text": "you so much CDW. Okay. You have to buy"}, {"start": "00:31:30", "end": "00:31:34", "text": "it outright or pay a monthly rent,"}, {"start": "00:31:32", "end": "00:31:36", "text": "something like that. and you're"}, {"start": "00:31:34", "end": "00:31:38", "text": "guaranteed a certain amount of income"}, {"start": "00:31:36", "end": "00:31:41", "text": "because every day there'll be people"}, {"start": "00:31:38", "end": "00:31:45", "text": "coming in. It'll be random. So that's"}, {"start": "00:31:41", "end": "00:31:47", "text": "like a type of business. Okay. Um you"}, {"start": "00:31:45", "end": "00:31:49", "text": "could have a storefront and you could"}, {"start": "00:31:47", "end": "00:31:51", "text": "actually operate out of that. You know,"}, {"start": "00:31:49", "end": "00:31:55", "text": "you could change like the storefront"}, {"start": "00:31:51", "end": "00:31:57", "text": "banner inside how decorate. What service"}, {"start": "00:31:55", "end": "00:31:59", "text": "you provide is up to you. You could"}, {"start": "00:31:57", "end": "00:32:02", "text": "provide a real life business within that"}, {"start": "00:31:59", "end": "00:32:04", "text": "storefront and that lives within Clash"}, {"start": "00:32:02", "end": "00:32:07", "text": "World as well. And of course, you could"}, {"start": "00:32:04", "end": "00:32:09", "text": "accept CDW or you could accept uh or"}, {"start": "00:32:07", "end": "00:32:12", "text": "CWD. You could accept any of the crypto"}, {"start": "00:32:09", "end": "00:32:16", "text": "launched on Clashpad or any other crypto"}, {"start": "00:32:12", "end": "00:32:19", "text": "for that matter. Um stuff like that. I"}, {"start": "00:32:16", "end": "00:32:22", "text": "have to plan it out appropriately, but"}, {"start": "00:32:19", "end": "00:32:24", "text": "just a [clears throat] few things."}, {"start": "00:32:22", "end": "00:32:26", "text": "We have billboards in there. We'll be"}, {"start": "00:32:24", "end": "00:32:30", "text": "able to sell those billboards. People"}, {"start": "00:32:26", "end": "00:32:33", "text": "within the game can buy billboard ads."}, {"start": "00:32:30", "end": "00:32:35", "text": "So, that's another thing. Uh, that's a"}, {"start": "00:32:33", "end": "00:32:36", "text": "type of business."}, {"start": "00:32:35", "end": "00:32:39", "text": "I can make it so that you could have a"}, {"start": "00:32:36", "end": "00:32:43", "text": "t-shirt shop so that people in the game"}, {"start": "00:32:39", "end": "00:32:45", "text": "could buy your t-shirts or pants."}, {"start": "00:32:43", "end": "00:32:48", "text": "Okay. And then you could change your"}, {"start": "00:32:45", "end": "00:32:50", "text": "your your outfit with them. That's"}, {"start": "00:32:48", "end": "00:32:52", "text": "another thing that could be done. So, I"}, {"start": "00:32:50", "end": "00:32:54", "text": "mean, there are there are so many so"}, {"start": "00:32:52", "end": "00:32:56", "text": "many things and I can progressively add"}, {"start": "00:32:54", "end": "00:32:58", "text": "them as the game progresses. It doesn't"}, {"start": "00:32:56", "end": "00:33:03", "text": "mean that I have to do it all at once,"}, {"start": "00:32:58", "end": "00:33:03", "text": "but I'm going to try to do a lot of it."}, {"start": "00:33:21", "end": "00:33:26", "text": "AI is destroying gaming. Coming from"}, {"start": "00:33:23", "end": "00:33:28", "text": "longtime gamer and in the community,"}, {"start": "00:33:26", "end": "00:33:31", "text": "it's being debated about AI. Look at his"}, {"start": "00:33:28", "end": "00:33:35", "text": "coming Zelda remake. I I haven't seen"}, {"start": "00:33:31", "end": "00:33:38", "text": "the remake."}, {"start": "00:33:35", "end": "00:33:41", "text": "I can't imagine that AI is destroying"}, {"start": "00:33:38", "end": "00:33:41", "text": "gaming."}, {"start": "00:33:41", "end": "00:33:47", "text": "It's helping development. Now,"}, {"start": "00:33:44", "end": "00:33:50", "text": "I could argue that maybe it forces the"}, {"start": "00:33:47", "end": "00:33:52", "text": "studio makers to accelerate and put out"}, {"start": "00:33:50", "end": "00:33:54", "text": "games not as good as before because"}, {"start": "00:33:52", "end": "00:33:58", "text": "there's so much increased competition."}, {"start": "00:33:54", "end": "00:34:00", "text": "I could argue that, right? Like the the"}, {"start": "00:33:58", "end": "00:34:04", "text": "the fact that I don't know how long it"}, {"start": "00:34:00", "end": "00:34:06", "text": "took Activision I mean Microsoft bought"}, {"start": "00:34:04", "end": "00:34:08", "text": "Activision for like $50 billion or"}, {"start": "00:34:06", "end": "00:34:13", "text": "something. Like for a game studio like"}, {"start": "00:34:08", "end": "00:34:15", "text": "that with like thousands of employees,"}, {"start": "00:34:13", "end": "00:34:18", "text": "you know, think about how much it costs"}, {"start": "00:34:15", "end": "00:34:21", "text": "for them to make a Modern Warfare or a"}, {"start": "00:34:18", "end": "00:34:24", "text": "new Black Ops, right? Probably,"}, {"start": "00:34:21", "end": "00:34:26", "text": "if I had to guess, 10 to 20 million at"}, {"start": "00:34:24", "end": "00:34:28", "text": "least."}, {"start": "00:34:26", "end": "00:34:32", "text": "And how long does that take? Maybe like"}, {"start": "00:34:28", "end": "00:34:35", "text": "two years, three years traditionally."}, {"start": "00:34:32", "end": "00:34:38", "text": "Now, if you could vibe code something"}, {"start": "00:34:35", "end": "00:34:43", "text": "similar for near zero cost besides AI"}, {"start": "00:34:38", "end": "00:34:46", "text": "subscription cost within a month, right,"}, {"start": "00:34:43", "end": "00:34:48", "text": "that puts a lot of pressure on them to"}, {"start": "00:34:46", "end": "00:34:50", "text": "have to accelerate. They have to do"}, {"start": "00:34:48", "end": "00:34:54", "text": "things much quicker."}, {"start": "00:34:50", "end": "00:34:57", "text": "Okay. Um, so I could see how that could"}, {"start": "00:34:54", "end": "00:34:58", "text": "possibly"}, {"start": "00:34:57", "end": "00:35:02", "text": "decrease"}, {"start": "00:34:58", "end": "00:35:03", "text": "like the quality or storyline,"}, {"start": "00:35:02", "end": "00:35:05", "text": "but you know, if you still have a"}, {"start": "00:35:03", "end": "00:35:07", "text": "thousand people, you could work on those"}, {"start": "00:35:05", "end": "00:35:09", "text": "things, right? It's just all thousand"}, {"start": "00:35:07", "end": "00:35:12", "text": "people will be working with AI and using"}, {"start": "00:35:09", "end": "00:35:13", "text": "AI rather than do it by hand. That's the"}, {"start": "00:35:12", "end": "00:35:15", "text": "only difference. You should be able to"}, {"start": "00:35:13", "end": "00:35:18", "text": "come out with like a new modern warfare"}, {"start": "00:35:15", "end": "00:35:20", "text": "every year instead of waiting two years,"}, {"start": "00:35:18", "end": "00:35:22", "text": "three years. I think they do seasons"}, {"start": "00:35:20", "end": "00:35:24", "text": "like Battlefield does seasons. So, it's"}, {"start": "00:35:22", "end": "00:35:26", "text": "kind of like that. You could do a new"}, {"start": "00:35:24", "end": "00:35:27", "text": "season every six months. You could do a"}, {"start": "00:35:26", "end": "00:35:31", "text": "season every three months. You don't"}, {"start": "00:35:27", "end": "00:35:33", "text": "have to wait like a year or two years."}, {"start": "00:35:31", "end": "00:35:35", "text": "And the next GTA is certainly not going"}, {"start": "00:35:33", "end": "00:35:37", "text": "to take 13 years. I'll guarantee you"}, {"start": "00:35:35", "end": "00:35:41", "text": "that. The next GTA at most will take"}, {"start": "00:35:37", "end": "00:35:43", "text": "probably two years, but they're go"}, {"start": "00:35:41", "end": "00:35:48", "text": "they're gonna try to bleed out or dry"}, {"start": "00:35:43", "end": "00:35:50", "text": "out as much as they can um"}, {"start": "00:35:48", "end": "00:35:52", "text": "from, you know, the existing GTA 6"}, {"start": "00:35:50", "end": "00:35:54", "text": "players. They're going to extend that as"}, {"start": "00:35:52", "end": "00:35:56", "text": "much as possible, but I guarantee you"}, {"start": "00:35:54", "end": "00:35:58", "text": "they're working on GTA 7 already."}, {"start": "00:35:56", "end": "00:35:58", "text": "[snorts]"}, {"start": "00:36:07", "end": "00:36:12", "text": ">> [snorts]"}, {"start": "00:36:09", "end": "00:36:15", "text": ">> Yeah, GTA 6 took like $2 billion. I know"}, {"start": "00:36:12", "end": "00:36:18", "text": "it would be like it's over a billion."}, {"start": "00:36:15", "end": "00:36:21", "text": "I don't know if it took two billion, but"}, {"start": "00:36:18", "end": "00:36:24", "text": "that's just insane. 13 years of"}, {"start": "00:36:21", "end": "00:36:27", "text": "development, like you throw that out the"}, {"start": "00:36:24", "end": "00:36:29", "text": "window. GTA 7, guarantee you, will be"}, {"start": "00:36:27", "end": "00:36:34", "text": "like created for less than a hundred"}, {"start": "00:36:29", "end": "00:36:34", "text": "million. And in two years time,"}, {"start": "00:36:39", "end": "00:36:46", "text": "I mean, I I just I saw a story yesterday"}, {"start": "00:36:41", "end": "00:36:48", "text": "about some um game maker that says that"}, {"start": "00:36:46", "end": "00:36:51", "text": "they are demanding all their employees"}, {"start": "00:36:48", "end": "00:36:54", "text": "to be vibe coding using AI to code. No"}, {"start": "00:36:51", "end": "00:36:55", "text": "one should be hand coding anymore. And I"}, {"start": "00:36:54", "end": "00:36:59", "text": "completely agree with that. I I don't"}, {"start": "00:36:55", "end": "00:36:59", "text": "see how"}, {"start": "00:36:59", "end": "00:37:04", "text": "front line just just so you guys know I"}, {"start": "00:37:01", "end": "00:37:08", "text": "I asked my AI to count the number of"}, {"start": "00:37:04", "end": "00:37:10", "text": "lines. Front line is 700,000 lines of"}, {"start": "00:37:08", "end": "00:37:13", "text": "code."}, {"start": "00:37:10", "end": "00:37:16", "text": "700,000 nearing a million lines of code."}, {"start": "00:37:13", "end": "00:37:17", "text": "Clash world will probably be"}, {"start": "00:37:16", "end": "00:37:20", "text": "I don't know if I had to guess three to"}, {"start": "00:37:17", "end": "00:37:24", "text": "five million lines of code."}, {"start": "00:37:20", "end": "00:37:27", "text": "Imagine trying to write a million lines"}, {"start": "00:37:24", "end": "00:37:30", "text": "of code."}, {"start": "00:37:27", "end": "00:37:31", "text": "How long that takes. Imagine just"}, {"start": "00:37:30", "end": "00:37:37", "text": "counting to a million how long that"}, {"start": "00:37:31", "end": "00:37:40", "text": "takes, let alone code a million lines."}, {"start": "00:37:37", "end": "00:37:43", "text": "Like I I can't imagine anyone doing any"}, {"start": "00:37:40", "end": "00:37:45", "text": "manual coding. And any developer that"}, {"start": "00:37:43", "end": "00:37:47", "text": "tells you otherwise, like, oh, I'm still"}, {"start": "00:37:45", "end": "00:37:50", "text": "working on this manually is lying to"}, {"start": "00:37:47", "end": "00:37:53", "text": "you. You could code at a rate of a"}, {"start": "00:37:50", "end": "00:37:57", "text": "millionx with AI. And they do all the"}, {"start": "00:37:53", "end": "00:37:59", "text": "testing for you, too, right? They do the"}, {"start": "00:37:57", "end": "00:38:03", "text": "they do the checking, the the code"}, {"start": "00:37:59", "end": "00:38:05", "text": "reviews, the the testing. [snorts]"}, {"start": "00:38:03", "end": "00:38:07", "text": "Um,"}, {"start": "00:38:05", "end": "00:38:10", "text": "so yeah. So, it just depends on how you"}, {"start": "00:38:07", "end": "00:38:13", "text": "use it. I don't know. I talk a big game."}, {"start": "00:38:10", "end": "00:38:14", "text": "You guys play Frontline Season 2 and you"}, {"start": "00:38:13", "end": "00:38:17", "text": "tell me. Once it comes out, you guys"}, {"start": "00:38:14", "end": "00:38:19", "text": "play it. Let me know. Especially those"}, {"start": "00:38:17", "end": "00:38:23", "text": "of you guys that are hardcore"}, {"start": "00:38:19", "end": "00:38:25", "text": "firstperson shooter players."}, {"start": "00:38:23", "end": "00:38:28", "text": "I'm I'm going to say it's not going to"}, {"start": "00:38:25", "end": "00:38:32", "text": "be very far off. It's not. But you guys"}, {"start": "00:38:28", "end": "00:38:32", "text": "tell me."}, {"start": "00:38:37", "end": "00:38:41", "text": "How do I feel about Cardano?"}, {"start": "00:38:40", "end": "00:38:45", "text": "Uh"}, {"start": "00:38:41", "end": "00:38:47", "text": "the same as before. Not much not much"}, {"start": "00:38:45", "end": "00:38:49", "text": "has changed."}, {"start": "00:38:47", "end": "00:38:51", "text": "I I just don't see the big deal about"}, {"start": "00:38:49", "end": "00:38:53", "text": "midnight. And I feel like a lot of"}, {"start": "00:38:51", "end": "00:38:55", "text": "Cardano people are just jumping to"}, {"start": "00:38:53", "end": "00:38:59", "text": "Midnight without really realizing why. I"}, {"start": "00:38:55", "end": "00:39:01", "text": "think there's probably grants and stuff."}, {"start": "00:38:59", "end": "00:39:01", "text": "But [clears throat]"}, {"start": "00:39:02", "end": "00:39:05", "text": "I think all chains have the same"}, {"start": "00:39:03", "end": "00:39:07", "text": "problem. How to get volume? It's the"}, {"start": "00:39:05", "end": "00:39:08", "text": "same thing. How do I get more volume to"}, {"start": "00:39:07", "end": "00:39:11", "text": "Clashpad? Right? Everyone's trying to"}, {"start": "00:39:08", "end": "00:39:12", "text": "figure it out with these chains. The"}, {"start": "00:39:11", "end": "00:39:15", "text": "same thing. Most of them are ghost"}, {"start": "00:39:12", "end": "00:39:19", "text": "chains. There's no volume at all. You"}, {"start": "00:39:15", "end": "00:39:21", "text": "need to have like DAPs that drive a lot"}, {"start": "00:39:19", "end": "00:39:24", "text": "of volume. That's why a lot of them like"}, {"start": "00:39:21", "end": "00:39:28", "text": "Binance came out Astra or is it Astra?"}, {"start": "00:39:24", "end": "00:39:31", "text": "No, Aster. Um, you know, that's why they"}, {"start": "00:39:28", "end": "00:39:33", "text": "love like perp"}, {"start": "00:39:31", "end": "00:39:36", "text": "dexes because they drive high volume,"}, {"start": "00:39:33", "end": "00:39:38", "text": "right? And they used to love like NFT"}, {"start": "00:39:36", "end": "00:39:41", "text": "marketplace that, but that kind of died"}, {"start": "00:39:38", "end": "00:39:43", "text": "down. You need a lot of dexes, you know,"}, {"start": "00:39:41", "end": "00:39:46", "text": "you you need you need things that drive"}, {"start": "00:39:43", "end": "00:39:48", "text": "a lot of volume. And that's what most"}, {"start": "00:39:46", "end": "00:39:49", "text": "chains and including Cardano, I would"}, {"start": "00:39:48", "end": "00:39:52", "text": "say, they're struggling with. They're"}, {"start": "00:39:49", "end": "00:39:54", "text": "building, but there's not a whole lot of"}, {"start": "00:39:52", "end": "00:39:56", "text": "volume. There's probably a lot of DAPs"}, {"start": "00:39:54", "end": "00:40:00", "text": "that come on board, but there's like not"}, {"start": "00:39:56", "end": "00:40:04", "text": "enough to to really make a difference,"}, {"start": "00:40:00", "end": "00:40:06", "text": "right? So, it's kind of like that."}, {"start": "00:40:04", "end": "00:40:10", "text": "That's how I see things. And it's not"}, {"start": "00:40:06", "end": "00:40:13", "text": "just Cardano. Avac has the same problem."}, {"start": "00:40:10", "end": "00:40:16", "text": "Um, a lot of these others, even XRP, as"}, {"start": "00:40:13", "end": "00:40:17", "text": "as many"}, {"start": "00:40:16", "end": "00:40:19", "text": "I don't know, I don't know how many"}, {"start": "00:40:17", "end": "00:40:22", "text": "financial institutions that they say are"}, {"start": "00:40:19", "end": "00:40:24", "text": "claiming are using XRP ledger every day."}, {"start": "00:40:22", "end": "00:40:29", "text": "They can they can use more volume."}, {"start": "00:40:24", "end": "00:40:31", "text": "Everyone can use more volume. But Soul,"}, {"start": "00:40:29", "end": "00:40:36", "text": "you know, is leading the space. I think"}, {"start": "00:40:31", "end": "00:40:39", "text": "mostly because of pumpf fun. But man, if"}, {"start": "00:40:36", "end": "00:40:41", "text": "Clashpad"}, {"start": "00:40:39", "end": "00:40:45", "text": "can ever get to the point of"}, {"start": "00:40:41", "end": "00:40:48", "text": "pump funds volume,"}, {"start": "00:40:45", "end": "00:40:50", "text": "holders are going to be beyond rich and"}, {"start": "00:40:48", "end": "00:40:56", "text": "the platform is going to be rich and"}, {"start": "00:40:50", "end": "00:41:01", "text": "Clash is going to be a top 10 coin. So,"}, {"start": "00:40:56", "end": "00:41:01", "text": "I'm hoping I'm hoping that day comes."}, {"start": "00:41:04", "end": "00:41:08", "text": "Uh, is Clash World for browser? Yeah,"}, {"start": "00:41:06", "end": "00:41:09", "text": "I'm making it browser based, but I I'm"}, {"start": "00:41:08", "end": "00:41:11", "text": "going to try to make it so that it's"}, {"start": "00:41:09", "end": "00:41:14", "text": "like hybrid so that you could download a"}, {"start": "00:41:11", "end": "00:41:17", "text": "pack. That's where all the assets go in"}, {"start": "00:41:14", "end": "00:41:21", "text": "and it helps with the loading and stuff"}, {"start": "00:41:17", "end": "00:41:21", "text": "like that, but it'll be on browser."}, {"start": "00:41:37", "end": "00:41:40", "text": ">> [snorts]"}, {"start": "00:41:38", "end": "00:41:41", "text": ">> AI makes a lot of mistakes. Difficult to"}, {"start": "00:41:40", "end": "00:41:43", "text": "trust a million lines of code. Yeah. But"}, {"start": "00:41:41", "end": "00:41:45", "text": "that's where code reviews come in and"}, {"start": "00:41:43", "end": "00:41:48", "text": "testing,"}, {"start": "00:41:45", "end": "00:41:51", "text": "right? If you have a good process,"}, {"start": "00:41:48", "end": "00:41:53", "text": "it's way better than than human"}, {"start": "00:41:51", "end": "00:41:55", "text": "checking. You think humans checking on a"}, {"start": "00:41:53", "end": "00:42:00", "text": "million lines of code is more efficient"}, {"start": "00:41:55", "end": "00:42:04", "text": "than AI checking? No. No. You could have"}, {"start": "00:42:00", "end": "00:42:06", "text": "like 20 agents review your code."}, {"start": "00:42:04", "end": "00:42:09", "text": "And"}, {"start": "00:42:06", "end": "00:42:13", "text": "that's way more efficient and better"}, {"start": "00:42:09", "end": "00:42:14", "text": "than human factchecking and testing. You"}, {"start": "00:42:13", "end": "00:42:16", "text": "just need to come up with procedure."}, {"start": "00:42:14", "end": "00:42:18", "text": "That's really it at this point. You just"}, {"start": "00:42:16", "end": "00:42:21", "text": "need to have a system in place,"}, {"start": "00:42:18", "end": "00:42:21", "text": "procedure in place."}, {"start": "00:42:32", "end": "00:42:36", "text": "Every map,"}, {"start": "00:42:34", "end": "00:42:38", "text": "every single map that we have on Front"}, {"start": "00:42:36", "end": "00:42:41", "text": "Line has been upgraded and there are new"}, {"start": "00:42:38", "end": "00:42:46", "text": "maps. Old Quarter, Liberty Mile. Liberty"}, {"start": "00:42:41", "end": "00:42:49", "text": "Mile takes place in like like a like um"}, {"start": "00:42:46", "end": "00:42:51", "text": "like a shopping street kind of. Castyard"}, {"start": "00:42:49", "end": "00:42:55", "text": "has been made significantly bigger. Old"}, {"start": "00:42:51", "end": "00:42:57", "text": "Quarter is phenomenal. Every single map"}, {"start": "00:42:55", "end": "00:42:59", "text": "that we have has been upgraded"}, {"start": "00:42:57", "end": "00:43:00", "text": "substantially,"}, {"start": "00:42:59", "end": "00:43:04", "text": "like to the point where you almost don't"}, {"start": "00:43:00", "end": "00:43:07", "text": "recognize them in a good way. They're so"}, {"start": "00:43:04", "end": "00:43:07", "text": "damn good."}, {"start": "00:43:30", "end": "00:43:35", "text": "What if AI starts claiming ownership"}, {"start": "00:43:33", "end": "00:43:37", "text": "over code? I think I think a dropping is"}, {"start": "00:43:35", "end": "00:43:39", "text": "trying to do that. They start"}, {"start": "00:43:37", "end": "00:43:43", "text": "watermarking their code. It's invisible"}, {"start": "00:43:39", "end": "00:43:45", "text": "and you can't see it. But you know if"}, {"start": "00:43:43", "end": "00:43:48", "text": "they do that they unfortunately will"}, {"start": "00:43:45", "end": "00:43:50", "text": "drive a lot of people away to open open"}, {"start": "00:43:48", "end": "00:43:53", "text": "source models. So I don't think they're"}, {"start": "00:43:50", "end": "00:43:55", "text": "going to do that but they can make it so"}, {"start": "00:43:53", "end": "00:43:58", "text": "that others don't distill them. I think"}, {"start": "00:43:55", "end": "00:44:00", "text": "that's why AI AI development has slowed"}, {"start": "00:43:58", "end": "00:44:01", "text": "down drastically. Like all the Chinese"}, {"start": "00:44:00", "end": "00:44:04", "text": "companies that used to come out with a"}, {"start": "00:44:01", "end": "00:44:06", "text": "new AI model like every week they"}, {"start": "00:44:04", "end": "00:44:08", "text": "stopped. You haven't heard them come out"}, {"start": "00:44:06", "end": "00:44:10", "text": "with a model for months."}, {"start": "00:44:08", "end": "00:44:13", "text": "It's because Anthropic started"}, {"start": "00:44:10", "end": "00:44:15", "text": "watermarking their code and they they"}, {"start": "00:44:13", "end": "00:44:17", "text": "could see who's using them and they"}, {"start": "00:44:15", "end": "00:44:20", "text": "could shut them down."}, {"start": "00:44:17", "end": "00:44:24", "text": "So Kimmy and GLM, they already been"}, {"start": "00:44:20", "end": "00:44:25", "text": "accused by Anthropic for distilling."}, {"start": "00:44:24", "end": "00:44:28", "text": "They haven't come out with a new model"}, {"start": "00:44:25", "end": "00:44:30", "text": "in a long time."}, {"start": "00:44:28", "end": "00:44:35", "text": "Um,"}, {"start": "00:44:30", "end": "00:44:38", "text": "so we'll see. Even Open AI, even"}, {"start": "00:44:35", "end": "00:44:42", "text": "even um"}, {"start": "00:44:38", "end": "00:44:45", "text": "even their new 6.1 soul,"}, {"start": "00:44:42", "end": "00:44:47", "text": "it's not that great."}, {"start": "00:44:45", "end": "00:44:49", "text": "Anthropic is dominating it. It almost"}, {"start": "00:44:47", "end": "00:44:52", "text": "seems like Anthropic won the AI race"}, {"start": "00:44:49", "end": "00:44:55", "text": "that others have given up and they can't"}, {"start": "00:44:52", "end": "00:44:57", "text": "like Meta came out their new one"}, {"start": "00:44:55", "end": "00:45:00", "text": "yesterday. I forgot the name of it, but"}, {"start": "00:44:57", "end": "00:45:04", "text": "it's garbage. They benchmax to the moon."}, {"start": "00:45:00", "end": "00:45:06", "text": "The benchmarks show that it's like opus"}, {"start": "00:45:04", "end": "00:45:09", "text": "level. It's not through testing. It's"}, {"start": "00:45:06", "end": "00:45:12", "text": "just as garbage as their muse."}, {"start": "00:45:09", "end": "00:45:14", "text": "So like all these guys seems like they"}, {"start": "00:45:12", "end": "00:45:17", "text": "have lost. Like to be honest, it feels"}, {"start": "00:45:14", "end": "00:45:19", "text": "like everyone lost."}, {"start": "00:45:17", "end": "00:45:21", "text": "Gemini, they have their Gemini 4."}, {"start": "00:45:19", "end": "00:45:23", "text": "They're not releasing most likely"}, {"start": "00:45:21", "end": "00:45:25", "text": "because they benchmax to the moon and"}, {"start": "00:45:23", "end": "00:45:28", "text": "the model actually sucks. That's why"}, {"start": "00:45:25", "end": "00:45:31", "text": "they're holding it back."}, {"start": "00:45:28", "end": "00:45:31", "text": "And this is from Google."}, {"start": "00:45:33", "end": "00:45:39", "text": "So, it almost feels like every company"}, {"start": "00:45:36", "end": "00:45:42", "text": "already lost. Anthropic won,"}, {"start": "00:45:39", "end": "00:45:45", "text": "but we'll see. And uh if they release"}, {"start": "00:45:42", "end": "00:45:49", "text": "their Fable 55, it's game over. No one's"}, {"start": "00:45:45", "end": "00:45:49", "text": "going to be close to that."}, {"start": "00:46:20", "end": "00:46:23", "text": "All right."}, {"start": "00:46:25", "end": "00:46:32", "text": "Well, the good news is today may be a"}, {"start": "00:46:29", "end": "00:46:34", "text": "surprise day."}, {"start": "00:46:32", "end": "00:46:38", "text": "We're almost back to 84. We had this"}, {"start": "00:46:34", "end": "00:46:39", "text": "nasty drop from Asia yesterday. cleared"}, {"start": "00:46:38", "end": "00:46:42", "text": "out a lot of leverage. Once again, we"}, {"start": "00:46:39", "end": "00:46:46", "text": "dropped to 81,000"}, {"start": "00:46:42", "end": "00:46:47", "text": "and now we're almost back to 84. So,"}, {"start": "00:46:46", "end": "00:46:51", "text": "overall"}, {"start": "00:46:47", "end": "00:46:53", "text": "sideways still,"}, {"start": "00:46:51", "end": "00:46:56", "text": "but we'll take it. Yesterday was very"}, {"start": "00:46:53", "end": "00:46:57", "text": "red. Today, maybe we could make a good"}, {"start": "00:46:56", "end": "00:47:00", "text": "comeback."}, {"start": "00:46:57", "end": "00:47:02", "text": "Alts are still weak today. So, we'll"}, {"start": "00:47:00", "end": "00:47:04", "text": "see."}, {"start": "00:47:02", "end": "00:47:08", "text": "We will see. All right, guys. I'll let"}, {"start": "00:47:04", "end": "00:47:10", "text": "you guys go. Overall,"}, {"start": "00:47:08", "end": "00:47:13", "text": "hang in there."}, {"start": "00:47:10", "end": "00:47:14", "text": "We're dealing with a lot of stuff. CPI"}, {"start": "00:47:13", "end": "00:47:16", "text": "comes out tomorrow that can move"}, {"start": "00:47:14", "end": "00:47:20", "text": "markets."}, {"start": "00:47:16", "end": "00:47:23", "text": "The name of the game is to hold DCA"}, {"start": "00:47:20", "end": "00:47:27", "text": "and"}, {"start": "00:47:23", "end": "00:47:30", "text": "to load up on Clashpad projects"}, {"start": "00:47:27", "end": "00:47:33", "text": "and get rewarded for holding. All right?"}, {"start": "00:47:30", "end": "00:47:34", "text": "No one else gives you that. All right,"}, {"start": "00:47:33", "end": "00:47:38", "text": "guys. Smash it a like. Subscribe to the"}, {"start": "00:47:34", "end": "00:47:41", "text": "channel. Have a good one. Take care."}, {"start": "00:47:38", "end": "00:47:41", "text": "Bye-bye."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Welcome back to Cryptos Are Us. I'm"}, {"start": "00:00:04", "end": "00:00:09", "text": "George."}, {"start": "00:00:06", "end": "00:00:12", "text": "We're all George. Welcome to another"}, {"start": "00:00:09", "end": "00:00:14", "text": "market open stream."}, {"start": "00:00:12", "end": "00:00:16", "text": "It's kind of like a light holiday today,"}, {"start": "00:00:14", "end": "00:00:20", "text": "so maybe less volume, less people"}, {"start": "00:00:16", "end": "00:00:22", "text": "overall, but"}, {"start": "00:00:20", "end": "00:00:24", "text": "we will continue."}, {"start": "00:00:22", "end": "00:00:26", "text": "Uh, let's talk about"}, {"start": "00:00:24", "end": "00:00:28", "text": "Bitcoin."}, {"start": "00:00:26", "end": "00:00:33", "text": "Let's talk about crypto. Let's talk"}, {"start": "00:00:28", "end": "00:00:34", "text": "about how we're facing a big test this"}, {"start": "00:00:33", "end": "00:00:36", "text": "week"}, {"start": "00:00:34", "end": "00:00:38", "text": "and"}, {"start": "00:00:36", "end": "00:00:40", "text": "everything else that's going on. All"}, {"start": "00:00:38", "end": "00:00:43", "text": "right,"}, {"start": "00:00:40", "end": "00:00:46", "text": "let's do it, guys. Let's do it. Welcome,"}, {"start": "00:00:43", "end": "00:00:52", "text": "welcome, welcome. We're starting out a"}, {"start": "00:00:46", "end": "00:00:54", "text": "day under 83,000 825 and I mean that's"}, {"start": "00:00:52", "end": "00:00:55", "text": "basically"}, {"start": "00:00:54", "end": "00:00:58", "text": "that's where we are. We're going"}, {"start": "00:00:55", "end": "00:01:02", "text": "sideways a little bit on the lower side"}, {"start": "00:00:58", "end": "00:01:04", "text": "of the channel but still holding in the"}, {"start": "00:01:02", "end": "00:01:07", "text": "80s which is very very good. And you can"}, {"start": "00:01:04", "end": "00:01:09", "text": "see we've been here for quite some time"}, {"start": "00:01:07", "end": "00:01:13", "text": "since"}, {"start": "00:01:09", "end": "00:01:17", "text": "mid August. So it's about it's about two"}, {"start": "00:01:13", "end": "00:01:20", "text": "months. Okay. But still better than down"}, {"start": "00:01:17", "end": "00:01:22", "text": "here when we were in our 60s. Okay. And"}, {"start": "00:01:20", "end": "00:01:24", "text": "even better than over here when we were"}, {"start": "00:01:22", "end": "00:01:27", "text": "in the 70s. So we're holding above 80s."}, {"start": "00:01:24", "end": "00:01:29", "text": "Uh we we had a little little selloff"}, {"start": "00:01:27", "end": "00:01:32", "text": "last week because of all the"}, {"start": "00:01:29", "end": "00:01:35", "text": "liquidations and some of the scary news"}, {"start": "00:01:32", "end": "00:01:37", "text": "that's still ongoing unfortunately. So"}, {"start": "00:01:35", "end": "00:01:39", "text": "let's see what happens this week. But"}, {"start": "00:01:37", "end": "00:01:41", "text": "Bitcoin is in a holding pattern right"}, {"start": "00:01:39", "end": "00:01:44", "text": "now. And I've always said there's"}, {"start": "00:01:41", "end": "00:01:48", "text": "nothing wrong with that. Okay. less"}, {"start": "00:01:44", "end": "00:01:51", "text": "volatility, more stability."}, {"start": "00:01:48", "end": "00:01:54", "text": "Not a bad thing as we build the"}, {"start": "00:01:51", "end": "00:01:57", "text": "momentum, right? So, let's see what"}, {"start": "00:01:54", "end": "00:02:00", "text": "happens this week."}, {"start": "00:01:57", "end": "00:02:02", "text": "Uh, right now we're opening up, you"}, {"start": "00:02:00", "end": "00:02:04", "text": "know, pretty good, I guess. Uh, green"}, {"start": "00:02:02", "end": "00:02:05", "text": "for Dow and S&P, a little bit red for"}, {"start": "00:02:04", "end": "00:02:07", "text": "NASDAQ."}, {"start": "00:02:05", "end": "00:02:10", "text": "Still early."}, {"start": "00:02:07", "end": "00:02:12", "text": "Now, unfortunately, I mean, Trump over"}, {"start": "00:02:10", "end": "00:02:15", "text": "the weekend announced that Russia and"}, {"start": "00:02:12", "end": "00:02:17", "text": "Ukraine came to agreement about not"}, {"start": "00:02:15", "end": "00:02:19", "text": "attacking each other's energy"}, {"start": "00:02:17", "end": "00:02:22", "text": "infrastructure. There was a truth in"}, {"start": "00:02:19", "end": "00:02:26", "text": "that, but I guess Sinsky now says no,"}, {"start": "00:02:22", "end": "00:02:29", "text": "Russia is violating that. So, who knows?"}, {"start": "00:02:26", "end": "00:02:30", "text": "Again, now it's now sounding like what's"}, {"start": "00:02:29", "end": "00:02:33", "text": "happening in the Middle East. You know,"}, {"start": "00:02:30", "end": "00:02:36", "text": "he said, she said like no, they attack."}, {"start": "00:02:33", "end": "00:02:38", "text": "No, they attack first. don't know what's"}, {"start": "00:02:36", "end": "00:02:41", "text": "happening right now. This this war just"}, {"start": "00:02:38", "end": "00:02:44", "text": "goes on forever."}, {"start": "00:02:41", "end": "00:02:46", "text": "Forever. You would figure this would be"}, {"start": "00:02:44", "end": "00:02:48", "text": "over by now. How many years has it been?"}, {"start": "00:02:46", "end": "00:02:51", "text": "But it just continues to go on and on"}, {"start": "00:02:48", "end": "00:02:53", "text": "and on and so fortunate situation"}, {"start": "00:02:51", "end": "00:02:57", "text": "obviously for the people. But but for"}, {"start": "00:02:53", "end": "00:03:00", "text": "for markets kind of holding holding us"}, {"start": "00:02:57", "end": "00:03:02", "text": "back a little bit and obviously what's"}, {"start": "00:03:00", "end": "00:03:04", "text": "going on in the Middle East is not"}, {"start": "00:03:02", "end": "00:03:07", "text": "concluded either."}, {"start": "00:03:04", "end": "00:03:09", "text": "and uh and that's affecting oil,"}, {"start": "00:03:07", "end": "00:03:13", "text": "affecting inflation, affecting"}, {"start": "00:03:09", "end": "00:03:16", "text": "all these things that investors really"}, {"start": "00:03:13", "end": "00:03:18", "text": "look at. Uh so unfortunately oil is"}, {"start": "00:03:16", "end": "00:03:22", "text": "still high and going higher. There's"}, {"start": "00:03:18", "end": "00:03:26", "text": "more conflict at a Saudi airport. FAA is"}, {"start": "00:03:22", "end": "00:03:29", "text": "warning about travel. Um,"}, {"start": "00:03:26", "end": "00:03:32", "text": "so unfortunately the these macro stuff"}, {"start": "00:03:29", "end": "00:03:35", "text": "is still happening and"}, {"start": "00:03:32", "end": "00:03:37", "text": "isn't getting any better at this point."}, {"start": "00:03:35", "end": "00:03:40", "text": "So this is what's holding us back. But"}, {"start": "00:03:37", "end": "00:03:42", "text": "again, you look at things despite all"}, {"start": "00:03:40", "end": "00:03:44", "text": "this"}, {"start": "00:03:42", "end": "00:03:47", "text": "and despite there's one more rate hike"}, {"start": "00:03:44", "end": "00:03:50", "text": "coming up most likely in December, not"}, {"start": "00:03:47", "end": "00:03:53", "text": "this month, Bitcoin is still on its way"}, {"start": "00:03:50", "end": "00:03:55", "text": "up, still recovering and holding at this"}, {"start": "00:03:53", "end": "00:04:00", "text": "point, despite all the negativity still."}, {"start": "00:03:55", "end": "00:04:01", "text": "So, pretty positive overall. Now,"}, {"start": "00:04:00", "end": "00:04:04", "text": "according to this article, Bitcoin's"}, {"start": "00:04:01", "end": "00:04:06", "text": "next move will depend on the bond market"}, {"start": "00:04:04", "end": "00:04:08", "text": "inflation report. And when is that"}, {"start": "00:04:06", "end": "00:04:11", "text": "inflation report? Well, just so happens"}, {"start": "00:04:08", "end": "00:04:13", "text": "that's this week. We didn't have"}, {"start": "00:04:11", "end": "00:04:15", "text": "anything last week or the week before, I"}, {"start": "00:04:13", "end": "00:04:19", "text": "believe. But now we have two of them."}, {"start": "00:04:15", "end": "00:04:23", "text": "CPI and PPI both coming out this week,"}, {"start": "00:04:19", "end": "00:04:25", "text": "Wednesday and Thursday. And these can"}, {"start": "00:04:23", "end": "00:04:28", "text": "move markets."}, {"start": "00:04:25", "end": "00:04:31", "text": "Okay, they definitely can. So depending"}, {"start": "00:04:28", "end": "00:04:33", "text": "on"}, {"start": "00:04:31", "end": "00:04:35", "text": "if they're going to come in line with"}, {"start": "00:04:33", "end": "00:04:38", "text": "expectation, then obviously nothing's"}, {"start": "00:04:35", "end": "00:04:40", "text": "going to happen. But if they come out"}, {"start": "00:04:38", "end": "00:04:42", "text": "really really bad, inflation"}, {"start": "00:04:40", "end": "00:04:43", "text": "skyrocketing and more than expectations,"}, {"start": "00:04:42", "end": "00:04:46", "text": "then obviously it's going to move"}, {"start": "00:04:43", "end": "00:04:49", "text": "markets down. But we'll see. Last few"}, {"start": "00:04:46", "end": "00:04:53", "text": "has been"}, {"start": "00:04:49", "end": "00:04:55", "text": "surprising. I think like they came in"}, {"start": "00:04:53", "end": "00:04:57", "text": "the last one I think came in in line"}, {"start": "00:04:55", "end": "00:05:00", "text": "with that. No, it was actually lower. I"}, {"start": "00:04:57", "end": "00:05:02", "text": "think the last two that we got was lower"}, {"start": "00:05:00", "end": "00:05:03", "text": "than expectations, which is good. I"}, {"start": "00:05:02", "end": "00:05:06", "text": "mean, inflation is still going up, but"}, {"start": "00:05:03", "end": "00:05:11", "text": "it's just not going up as much as these"}, {"start": "00:05:06", "end": "00:05:12", "text": "economist uh estimates. So,"}, {"start": "00:05:11", "end": "00:05:14", "text": "we'll see. That's coming Wednesday and"}, {"start": "00:05:12", "end": "00:05:18", "text": "Thursday."}, {"start": "00:05:14", "end": "00:05:21", "text": "Wednesday and Thursday. Now, as for ETF"}, {"start": "00:05:18", "end": "00:05:24", "text": "inflow, uh Friday we ended up with a"}, {"start": "00:05:21", "end": "00:05:27", "text": "negative day, but as you can see, mostly"}, {"start": "00:05:24", "end": "00:05:29", "text": "still green. Just a few days of red."}, {"start": "00:05:27", "end": "00:05:32", "text": "That's okay."}, {"start": "00:05:29", "end": "00:05:34", "text": "Uh ETH is not having a few days. East"}, {"start": "00:05:32", "end": "00:05:38", "text": "had a whole week of red, unfortunately."}, {"start": "00:05:34", "end": "00:05:39", "text": "Soul also, unfortunately. And XRP, not"}, {"start": "00:05:38", "end": "00:05:42", "text": "so much. I mean, some red, some green,"}, {"start": "00:05:39", "end": "00:05:46", "text": "but last week was not a good week for"}, {"start": "00:05:42", "end": "00:05:49", "text": "alts, let's just say. But, you know, not"}, {"start": "00:05:46", "end": "00:05:53", "text": "too bad for Bitcoin, though. That just"}, {"start": "00:05:49", "end": "00:05:57", "text": "froze my screen. There we go. So, yeah,"}, {"start": "00:05:53", "end": "00:06:01", "text": "ETF flows, you know, again, it depends"}, {"start": "00:05:57", "end": "00:06:05", "text": "on if the traders are worried,"}, {"start": "00:06:01", "end": "00:06:05", "text": "they're very reactionary,"}, {"start": "00:06:06", "end": "00:06:12", "text": "it's the word. Uh, they like to sell and"}, {"start": "00:06:09", "end": "00:06:14", "text": "buy based on what's going on every day."}, {"start": "00:06:12", "end": "00:06:16", "text": "So, that's why we see this. They're not"}, {"start": "00:06:14", "end": "00:06:18", "text": "like long-term holders, unfortunately."}, {"start": "00:06:16", "end": "00:06:22", "text": "Well, I take that back. Most are because"}, {"start": "00:06:18", "end": "00:06:24", "text": "we got 57 billion in there, okay?"}, {"start": "00:06:22", "end": "00:06:26", "text": "Otherwise, if they weren't holders, you"}, {"start": "00:06:24", "end": "00:06:28", "text": "know, we wouldn't have anything in"}, {"start": "00:06:26", "end": "00:06:31", "text": "there. So, I take that back. Most are"}, {"start": "00:06:28", "end": "00:06:33", "text": "long-term holders, but some are still"}, {"start": "00:06:31", "end": "00:06:35", "text": "acting like"}, {"start": "00:06:33", "end": "00:06:38", "text": "daily traders, okay? And they're the"}, {"start": "00:06:35", "end": "00:06:41", "text": "ones that that are going to end up not"}, {"start": "00:06:38", "end": "00:06:44", "text": "making as much money. It's how it always"}, {"start": "00:06:41", "end": "00:06:48", "text": "is."}, {"start": "00:06:44", "end": "00:06:51", "text": "Now, Grant Cardone"}, {"start": "00:06:48", "end": "00:06:54", "text": "went on Peter Schiff's show, okay? Or or"}, {"start": "00:06:51", "end": "00:06:56", "text": "vice versa. I'm not really sure. Peter"}, {"start": "00:06:54", "end": "00:06:59", "text": "Schiff, the one of the biggest Bitcoin"}, {"start": "00:06:56", "end": "00:07:01", "text": "bears out there, still involved with"}, {"start": "00:06:59", "end": "00:07:03", "text": "Bitcoin somehow, even though he hates"}, {"start": "00:07:01", "end": "00:07:05", "text": "it."}, {"start": "00:07:03", "end": "00:07:07", "text": "He didn't say anything negative with"}, {"start": "00:07:05", "end": "00:07:10", "text": "this clip, but Grant Cardone is kind of"}, {"start": "00:07:07", "end": "00:07:12", "text": "like the king of real estate at this"}, {"start": "00:07:10", "end": "00:07:15", "text": "point."}, {"start": "00:07:12", "end": "00:07:17", "text": "Uh he's he still calls himself a small"}, {"start": "00:07:15", "end": "00:07:19", "text": "potato. I'm sure compared to a lot of"}, {"start": "00:07:17", "end": "00:07:21", "text": "groups he's still relatively small but"}, {"start": "00:07:19", "end": "00:07:24", "text": "he's doing billions. You know he has"}, {"start": "00:07:21", "end": "00:07:26", "text": "like five or six billion of assets under"}, {"start": "00:07:24", "end": "00:07:29", "text": "management. So that's not chump change"}, {"start": "00:07:26", "end": "00:07:32", "text": "but he has converted to being a Bitcoin"}, {"start": "00:07:29", "end": "00:07:35", "text": "uh Bitcoin holder for years now and he's"}, {"start": "00:07:32", "end": "00:07:37", "text": "talking about how he just keeps buying"}, {"start": "00:07:35", "end": "00:07:41", "text": "Bitcoin with his cash flow, right?"}, {"start": "00:07:37", "end": "00:07:42", "text": "rather than reinvest it into other real"}, {"start": "00:07:41", "end": "00:07:46", "text": "estate, he's actually putting a lot of"}, {"start": "00:07:42", "end": "00:07:49", "text": "it into Bitcoin. And then when he"}, {"start": "00:07:46", "end": "00:07:50", "text": "refinances those buildings, he buys more"}, {"start": "00:07:49", "end": "00:07:52", "text": "Bitcoin with it. So it kind of sounds"}, {"start": "00:07:50", "end": "00:07:56", "text": "like what Sailor's doing, but on a real"}, {"start": "00:07:52", "end": "00:07:59", "text": "estate level, right? And just building"}, {"start": "00:07:56", "end": "00:08:01", "text": "that"}, {"start": "00:07:59", "end": "00:08:03", "text": "that that"}, {"start": "00:08:01", "end": "00:08:06", "text": "stockpile, right, with his rental"}, {"start": "00:08:03", "end": "00:08:09", "text": "income, which is smart. He he he's come"}, {"start": "00:08:06", "end": "00:08:11", "text": "to the light. His brother Gary has been"}, {"start": "00:08:09", "end": "00:08:13", "text": "in crypto for quite some time and"}, {"start": "00:08:11", "end": "00:08:17", "text": "finally converted Grant and now Grant is"}, {"start": "00:08:13", "end": "00:08:20", "text": "all gung-ho about Bitcoin. And there's"}, {"start": "00:08:17", "end": "00:08:24", "text": "nothing wrong with that. So good for"}, {"start": "00:08:20", "end": "00:08:28", "text": "him. And Peter Schiff still still will"}, {"start": "00:08:24", "end": "00:08:34", "text": "not say anything good about Bitcoin."}, {"start": "00:08:28", "end": "00:08:37", "text": "Uh Sailor bought 250."}, {"start": "00:08:34", "end": "00:08:40", "text": "250 Bitcoin. That's very small amount"}, {"start": "00:08:37", "end": "00:08:42", "text": "compared to what he normally buys. He's"}, {"start": "00:08:40", "end": "00:08:46", "text": "been spending a lot more money on buying"}, {"start": "00:08:42", "end": "00:08:50", "text": "stretch back. 192 million. So, it's his"}, {"start": "00:08:46", "end": "00:08:55", "text": "way of stabilizing that price, right?"}, {"start": "00:08:50", "end": "00:09:00", "text": "Um, too bad. Not 192 million"}, {"start": "00:08:55", "end": "00:09:04", "text": "in Bitcoin, but whatever. Still going up"}, {"start": "00:09:00", "end": "00:09:08", "text": "and that's good."}, {"start": "00:09:04", "end": "00:09:11", "text": "Uh what else? What else?"}, {"start": "00:09:08", "end": "00:09:12", "text": "Uh Bitcoin's weekly momentum flip"}, {"start": "00:09:11", "end": "00:09:16", "text": "positive"}, {"start": "00:09:12", "end": "00:09:19", "text": "and it doesn't happen very often."}, {"start": "00:09:16", "end": "00:09:21", "text": "Last time it happened was when we were"}, {"start": "00:09:19", "end": "00:09:25", "text": "coming off from our last crypto winter"}, {"start": "00:09:21", "end": "00:09:28", "text": "bottom and that was when we fell to 15K."}, {"start": "00:09:25", "end": "00:09:32", "text": "We came up broke 20 something and that's"}, {"start": "00:09:28", "end": "00:09:34", "text": "when we flipped. The time before that"}, {"start": "00:09:32", "end": "00:09:38", "text": "you could see was when we were coming up"}, {"start": "00:09:34", "end": "00:09:42", "text": "from our 2018 bottom which Bitcoin went"}, {"start": "00:09:38", "end": "00:09:45", "text": "down to like 3,800."}, {"start": "00:09:42", "end": "00:09:48", "text": "So it doesn't take a genius to figure"}, {"start": "00:09:45", "end": "00:09:51", "text": "this out by looking at this. My camera"}, {"start": "00:09:48", "end": "00:09:52", "text": "kind of cuts it off, but"}, {"start": "00:09:51", "end": "00:09:55", "text": "this kind of opportunity doesn't come"}, {"start": "00:09:52", "end": "00:09:58", "text": "very often. All right. You have to wait"}, {"start": "00:09:55", "end": "00:10:01", "text": "years, years upon years for a crypto"}, {"start": "00:09:58", "end": "00:10:06", "text": "winter to happen and then for recovery"}, {"start": "00:10:01", "end": "00:10:09", "text": "to happen after that. And you could see"}, {"start": "00:10:06", "end": "00:10:10", "text": "that's exactly what's happening now."}, {"start": "00:10:09", "end": "00:10:12", "text": "So this is one of those golden"}, {"start": "00:10:10", "end": "00:10:14", "text": "opportunities really if you've been"}, {"start": "00:10:12", "end": "00:10:16", "text": "staying sidelines or or you've been"}, {"start": "00:10:14", "end": "00:10:18", "text": "holding and you're just wary of"}, {"start": "00:10:16", "end": "00:10:22", "text": "everything. All right. This is one of"}, {"start": "00:10:18", "end": "00:10:26", "text": "those rare opportunities"}, {"start": "00:10:22", "end": "00:10:30", "text": "to load up and watch"}, {"start": "00:10:26", "end": "00:10:32", "text": "the gains come to you. Okay? And it has"}, {"start": "00:10:30", "end": "00:10:36", "text": "not been disappointing. Every single"}, {"start": "00:10:32", "end": "00:10:39", "text": "cycle, Bitcoin goes up now by at least"}, {"start": "00:10:36", "end": "00:10:43", "text": "3x, 4x."}, {"start": "00:10:39", "end": "00:10:46", "text": "And now with institutions involved,"}, {"start": "00:10:43", "end": "00:10:49", "text": "FOMO could be a lot more ferocious than"}, {"start": "00:10:46", "end": "00:10:52", "text": "before. So"}, {"start": "00:10:49", "end": "00:10:53", "text": "looking forward to that huge recovery."}, {"start": "00:10:52", "end": "00:10:55", "text": "Um"}, {"start": "00:10:53", "end": "00:10:58", "text": "you know shortterm we still have this"}, {"start": "00:10:55", "end": "00:11:00", "text": "right holding basically where we are. We"}, {"start": "00:10:58", "end": "00:11:02", "text": "have major resistance right around"}, {"start": "00:11:00", "end": "00:11:03", "text": "$87,000"}, {"start": "00:11:02", "end": "00:11:06", "text": "that I've showed you guys that a lot of"}, {"start": "00:11:03", "end": "00:11:08", "text": "sell walls a lot of liquidation walls"}, {"start": "00:11:06", "end": "00:11:10", "text": "everywhere around there. Right? But"}, {"start": "00:11:08", "end": "00:11:12", "text": "after that"}, {"start": "00:11:10", "end": "00:11:15", "text": "next level"}, {"start": "00:11:12", "end": "00:11:18", "text": "the magical six figures. Well, well, we"}, {"start": "00:11:15", "end": "00:11:21", "text": "have a couple levels in 90s, but we'll"}, {"start": "00:11:18", "end": "00:11:23", "text": "be moving pretty quickly to get back to"}, {"start": "00:11:21", "end": "00:11:26", "text": "100,000. That's going to change the"}, {"start": "00:11:23", "end": "00:11:27", "text": "game. It's a big psychological thing."}, {"start": "00:11:26", "end": "00:11:31", "text": "You guys know that the first time we"}, {"start": "00:11:27", "end": "00:11:33", "text": "passed it, it was crazy."}, {"start": "00:11:31", "end": "00:11:36", "text": "Okay, so this time around should not be"}, {"start": "00:11:33", "end": "00:11:40", "text": "as crazy, but again to say Bitcoin at"}, {"start": "00:11:36", "end": "00:11:45", "text": "100,000 just feels different than saying"}, {"start": "00:11:40", "end": "00:11:45", "text": "80, you know, 84 or 86."}, {"start": "00:11:45", "end": "00:11:50", "text": "So,"}, {"start": "00:11:48", "end": "00:11:54", "text": "uh, yeah, here's something else, too."}, {"start": "00:11:50", "end": "00:11:58", "text": "Same thing. Same thing. Just rehashing"}, {"start": "00:11:54", "end": "00:12:02", "text": "what we went through with the last cycle"}, {"start": "00:11:58", "end": "00:12:05", "text": "with Crypto Winter and now and what's at"}, {"start": "00:12:02", "end": "00:12:05", "text": "stake."}, {"start": "00:12:06", "end": "00:12:12", "text": "Don't miss out."}, {"start": "00:12:10", "end": "00:12:14", "text": "All right. Outside of Bitcoin, what else"}, {"start": "00:12:12", "end": "00:12:18", "text": "is there? Standard charter launches"}, {"start": "00:12:14", "end": "00:12:20", "text": "custody for Ripple's RLUSD."}, {"start": "00:12:18", "end": "00:12:23", "text": "You don't really hear a lot about that."}, {"start": "00:12:20", "end": "00:12:24", "text": "That's Ripple stable coin."}, {"start": "00:12:23", "end": "00:12:28", "text": "Um"}, {"start": "00:12:24", "end": "00:12:30", "text": "but Sam Charter is launching custody but"}, {"start": "00:12:28", "end": "00:12:31", "text": "are they using it? I don't I don't know."}, {"start": "00:12:30", "end": "00:12:35", "text": "I I think there are a lot of financial"}, {"start": "00:12:31", "end": "00:12:37", "text": "institutions and banks using it. Um and"}, {"start": "00:12:35", "end": "00:12:39", "text": "it's all running on top of XRP ledger."}, {"start": "00:12:37", "end": "00:12:42", "text": "So you do need to pay for gas fees. So"}, {"start": "00:12:39", "end": "00:12:45", "text": "overall it helps. But I I don't know. I"}, {"start": "00:12:42", "end": "00:12:47", "text": "I don't hear a lot of"}, {"start": "00:12:45", "end": "00:12:50", "text": "news about that about adoption and"}, {"start": "00:12:47", "end": "00:12:54", "text": "stuff. But we'll see. And Ripple"}, {"start": "00:12:50", "end": "00:12:56", "text": "recently just invested in Canton, which"}, {"start": "00:12:54", "end": "00:12:58", "text": "which people thought was a competitor to"}, {"start": "00:12:56", "end": "00:13:00", "text": "XRP ledger, but they invested in them."}, {"start": "00:12:58", "end": "00:13:01", "text": "So"}, {"start": "00:13:00", "end": "00:13:07", "text": "Ripple [clears throat]"}, {"start": "00:13:01", "end": "00:13:09", "text": "may be diversifying and branching out."}, {"start": "00:13:07", "end": "00:13:14", "text": "Uh, unfortunately, we're still hearing"}, {"start": "00:13:09", "end": "00:13:14", "text": "last week I talked about how Ledger"}, {"start": "00:13:15", "end": "00:13:20", "text": "was talking about how you bought from"}, {"start": "00:13:17", "end": "00:13:23", "text": "this guy Cryptob Billies or something."}, {"start": "00:13:20", "end": "00:13:26", "text": "You may have contracted some kind of"}, {"start": "00:13:23", "end": "00:13:29", "text": "backdoor or something. And I did see"}, {"start": "00:13:26", "end": "00:13:31", "text": "people come on X saying they lost a lot."}, {"start": "00:13:29", "end": "00:13:34", "text": "There's one person that I saw said he"}, {"start": "00:13:31", "end": "00:13:36", "text": "lost like $5 million."}, {"start": "00:13:34", "end": "00:13:38", "text": "Okay. And then there's some controversy"}, {"start": "00:13:36", "end": "00:13:39", "text": "because some company"}, {"start": "00:13:38", "end": "00:13:43", "text": "bought"}, {"start": "00:13:39", "end": "00:13:45", "text": "like this crypto billies or something. I"}, {"start": "00:13:43", "end": "00:13:48", "text": "don't know the exact story, but some"}, {"start": "00:13:45", "end": "00:13:50", "text": "company bought them to make them not"}, {"start": "00:13:48", "end": "00:13:53", "text": "reveal what happened or something like"}, {"start": "00:13:50", "end": "00:13:56", "text": "that. So it's it's kind of nuts. It's"}, {"start": "00:13:53", "end": "00:13:59", "text": "kind of nuts. If I was Ledger or"}, {"start": "00:13:56", "end": "00:14:02", "text": "Treasure, right, I would not"}, {"start": "00:13:59", "end": "00:14:05", "text": "not going forward have any like"}, {"start": "00:14:02", "end": "00:14:08", "text": "third-party distributors really just"}, {"start": "00:14:05", "end": "00:14:10", "text": "force everyone to buy from from from"}, {"start": "00:14:08", "end": "00:14:13", "text": "myself. Why? People could go on"}, {"start": "00:14:10", "end": "00:14:17", "text": "ledger.com and treasure.com and buy the"}, {"start": "00:14:13", "end": "00:14:20", "text": "devices very easily. Why would you risk"}, {"start": "00:14:17", "end": "00:14:22", "text": "sending all your devices to someone who"}, {"start": "00:14:20", "end": "00:14:24", "text": "can open it up, install something,"}, {"start": "00:14:22", "end": "00:14:25", "text": "repackage it, and sell it? And we and"}, {"start": "00:14:24", "end": "00:14:28", "text": "this is actually not the first time"}, {"start": "00:14:25", "end": "00:14:30", "text": "we've heard this. Early on in in early"}, {"start": "00:14:28", "end": "00:14:33", "text": "days, I've heard people say the same"}, {"start": "00:14:30", "end": "00:14:35", "text": "thing about like buying from Amazon and"}, {"start": "00:14:33", "end": "00:14:40", "text": "stuff um from third party on Amazon, not"}, {"start": "00:14:35", "end": "00:14:42", "text": "Amazon themselves. So, this is not new"}, {"start": "00:14:40", "end": "00:14:44", "text": "and I still don't get why they do it."}, {"start": "00:14:42", "end": "00:14:48", "text": "It's too much too much risk. You just"}, {"start": "00:14:44", "end": "00:14:48", "text": "don't know."}, {"start": "00:14:49", "end": "00:14:53", "text": "But anyways, unfortunately that"}, {"start": "00:14:51", "end": "00:14:56", "text": "happened. You got to be careful if"}, {"start": "00:14:53", "end": "00:14:58", "text": "you're buying a a wallet or downloading"}, {"start": "00:14:56", "end": "00:14:59", "text": "wallet. Just you got to be sure where"}, {"start": "00:14:58", "end": "00:15:00", "text": "you're downloading from. If you're go"}, {"start": "00:14:59", "end": "00:15:02", "text": "download Phantom wallet, make sure"}, {"start": "00:15:00", "end": "00:15:04", "text": "you're going from go to Phantom. You"}, {"start": "00:15:02", "end": "00:15:06", "text": "don't go to like a third party website"}, {"start": "00:15:04", "end": "00:15:10", "text": "to download Phantom wallet, right? Same"}, {"start": "00:15:06", "end": "00:15:12", "text": "thing with if you're buying Ledger, go"}, {"start": "00:15:10", "end": "00:15:14", "text": "buy it from Ledger. Don't don't try to"}, {"start": "00:15:12", "end": "00:15:16", "text": "buy from a third party. I mean, there's"}, {"start": "00:15:14", "end": "00:15:18", "text": "no point no point. Why why take that"}, {"start": "00:15:16", "end": "00:15:20", "text": "risk?"}, {"start": "00:15:18", "end": "00:15:23", "text": "Uh,"}, {"start": "00:15:20", "end": "00:15:28", "text": "Sooie invests 30 million in data network"}, {"start": "00:15:23", "end": "00:15:30", "text": "as AI data protocol migrates to SooI."}, {"start": "00:15:28", "end": "00:15:32", "text": "Zooie has a lot of things going on."}, {"start": "00:15:30", "end": "00:15:36", "text": "They're coming out the new chain. Uh,"}, {"start": "00:15:32", "end": "00:15:39", "text": "their data network."}, {"start": "00:15:36", "end": "00:15:40", "text": "What what what is it called? Um, no,"}, {"start": "00:15:39", "end": "00:15:44", "text": "they have they have another Walrus."}, {"start": "00:15:40", "end": "00:15:46", "text": "That's what it is. They have another"}, {"start": "00:15:44", "end": "00:15:48", "text": "they have another thing another platform"}, {"start": "00:15:46", "end": "00:15:51", "text": "Walrus that not a whole lot of people"}, {"start": "00:15:48", "end": "00:15:54", "text": "are talking about."}, {"start": "00:15:51", "end": "00:15:59", "text": "Uh but basically this brings their data"}, {"start": "00:15:54", "end": "00:16:02", "text": "this uh this data network data to Sue"}, {"start": "00:15:59", "end": "00:16:05", "text": "and Walrus and they're expanding into AI"}, {"start": "00:16:02", "end": "00:16:07", "text": "which is good. I don't know what they're"}, {"start": "00:16:05", "end": "00:16:10", "text": "gonna do with that."}, {"start": "00:16:07", "end": "00:16:13", "text": "I I I don't know. I still don't hear"}, {"start": "00:16:10", "end": "00:16:15", "text": "about any really creative AI projects"}, {"start": "00:16:13", "end": "00:16:17", "text": "out there. Okay, obviously there's some"}, {"start": "00:16:15", "end": "00:16:20", "text": "in deepen, but like really creative"}, {"start": "00:16:17", "end": "00:16:20", "text": "stuff."}, {"start": "00:16:21", "end": "00:16:24", "text": "Not so much."}, {"start": "00:16:24", "end": "00:16:27", "text": "All right,"}, {"start": "00:16:29", "end": "00:16:37", "text": "that is it. NASDAQ is trying to recover."}, {"start": "00:16:33", "end": "00:16:39", "text": "I'm looking at my wall watch list and"}, {"start": "00:16:37", "end": "00:16:42", "text": "you know like Micro Strategy is up"}, {"start": "00:16:39", "end": "00:16:46", "text": "today. I got to fix this. Micro Strategy"}, {"start": "00:16:42", "end": "00:16:46", "text": "is up like"}, {"start": "00:16:46", "end": "00:16:51", "text": "there we go like 1%."}, {"start": "00:16:51", "end": "00:16:58", "text": "Uh ETH is up like 1%."}, {"start": "00:16:56", "end": "00:17:01", "text": "Soul's up."}, {"start": "00:16:58", "end": "00:17:02", "text": "Well, no, now it's not. Well, it's up a"}, {"start": "00:17:01", "end": "00:17:07", "text": "little bit. There's something screwy"}, {"start": "00:17:02", "end": "00:17:11", "text": "with this. Uh up 73%."}, {"start": "00:17:07", "end": "00:17:13", "text": "So today is like a it's a light volume"}, {"start": "00:17:11", "end": "00:17:17", "text": "day. It's kind of like a half holiday."}, {"start": "00:17:13", "end": "00:17:19", "text": "So light volume. We'll we'll take it."}, {"start": "00:17:17", "end": "00:17:21", "text": "We'll take it."}, {"start": "00:17:19", "end": "00:17:24", "text": "All right. But outside of that, uh, you"}, {"start": "00:17:21", "end": "00:17:26", "text": "know, those of you guys that are on"}, {"start": "00:17:24", "end": "00:17:29", "text": "Clashpad"}, {"start": "00:17:26", "end": "00:17:35", "text": "or not on Clashpad should be aware that"}, {"start": "00:17:29", "end": "00:17:38", "text": "the sole rewards is now up to 1,400."}, {"start": "00:17:35", "end": "00:17:40", "text": "Things are escalating and increasing."}, {"start": "00:17:38", "end": "00:17:44", "text": "It's quite a lot of rewards and we're"}, {"start": "00:17:40", "end": "00:17:47", "text": "only in week three, not even a full"}, {"start": "00:17:44", "end": "00:17:51", "text": "month. So, think about that."}, {"start": "00:17:47", "end": "00:17:54", "text": "Okay. a lot of great projects. And"}, {"start": "00:17:51", "end": "00:17:56", "text": "[snorts] over the weekend, I did launch"}, {"start": "00:17:54", "end": "00:17:59", "text": "another one, Front Line. So now there"}, {"start": "00:17:56", "end": "00:18:03", "text": "are two officials."}, {"start": "00:17:59", "end": "00:18:05", "text": "Okay, CWD and Front Line. And I'm"}, {"start": "00:18:03", "end": "00:18:08", "text": "getting ready for Front Line season two,"}, {"start": "00:18:05", "end": "00:18:11", "text": "and it's going to be crazy. Those of you"}, {"start": "00:18:08", "end": "00:18:13", "text": "guys that have been playing it with our"}, {"start": "00:18:11", "end": "00:18:16", "text": "tournaments and just playing casually,"}, {"start": "00:18:13", "end": "00:18:18", "text": "it's already a great fun game, but"}, {"start": "00:18:16", "end": "00:18:22", "text": "obviously not at the level of Call of"}, {"start": "00:18:18", "end": "00:18:25", "text": "Duty or Battlefield, but we're going to"}, {"start": "00:18:22", "end": "00:18:26", "text": "close that gap with season 2. And we're"}, {"start": "00:18:25", "end": "00:18:30", "text": "going to make it even better because"}, {"start": "00:18:26", "end": "00:18:32", "text": "it's going to be customizable and you"}, {"start": "00:18:30", "end": "00:18:34", "text": "can utilize your FPS currency for a lot"}, {"start": "00:18:32", "end": "00:18:37", "text": "of stuff. So, I I'm gonna give you guys"}, {"start": "00:18:34", "end": "00:18:41", "text": "a little preview of what's going on. So"}, {"start": "00:18:37", "end": "00:18:43", "text": "this is the new loadout page. So with"}, {"start": "00:18:41", "end": "00:18:45", "text": "season one, we didn't really have a lot."}, {"start": "00:18:43", "end": "00:18:48", "text": "You know, there were some guns, some"}, {"start": "00:18:45", "end": "00:18:50", "text": "things that you can obviously configure"}, {"start": "00:18:48", "end": "00:18:54", "text": "and level up to, but there's going to be"}, {"start": "00:18:50", "end": "00:18:56", "text": "a lot more. And everything from visual"}, {"start": "00:18:54", "end": "00:18:59", "text": "quality to the soldiers movement to the"}, {"start": "00:18:56", "end": "00:19:01", "text": "maps to what you can do to"}, {"start": "00:18:59", "end": "00:19:05", "text": "customization,"}, {"start": "00:19:01", "end": "00:19:08", "text": "okay, is going to be absolutely insane."}, {"start": "00:19:05", "end": "00:19:10", "text": "So, for example, you could have badges,"}, {"start": "00:19:08", "end": "00:19:13", "text": "you could have stickers, right, that you"}, {"start": "00:19:10", "end": "00:19:15", "text": "could configure,"}, {"start": "00:19:13", "end": "00:19:18", "text": "and it's just really, really cool. And"}, {"start": "00:19:15", "end": "00:19:22", "text": "this will be in game. So, you would"}, {"start": "00:19:18", "end": "00:19:25", "text": "configure all this right before you play"}, {"start": "00:19:22", "end": "00:19:27", "text": "a game. And you can just, there's so"}, {"start": "00:19:25", "end": "00:19:30", "text": "many things"}, {"start": "00:19:27", "end": "00:19:35", "text": "that you can do to customize the colors,"}, {"start": "00:19:30", "end": "00:19:39", "text": "the mass, the guns, the sleeves. Okay."}, {"start": "00:19:35", "end": "00:19:43", "text": "Obviously, your weapons and also a lot"}, {"start": "00:19:39", "end": "00:19:45", "text": "more other things. I mean, it's it's"}, {"start": "00:19:43", "end": "00:19:47", "text": "going to be good. It's going to be"}, {"start": "00:19:45", "end": "00:19:49", "text": "really good. And then we're going to"}, {"start": "00:19:47", "end": "00:19:51", "text": "have a store just this is still a"}, {"start": "00:19:49", "end": "00:19:55", "text": "preview, so I'm still working on some"}, {"start": "00:19:51", "end": "00:19:55", "text": "stuff, but you know,"}, {"start": "00:19:56", "end": "00:20:00", "text": "store for different guns, different"}, {"start": "00:19:58", "end": "00:20:03", "text": "color guns, you know, different things,"}, {"start": "00:20:00", "end": "00:20:05", "text": "masks and stickers and all that. And"}, {"start": "00:20:03", "end": "00:20:09", "text": "this will all be linked up so that"}, {"start": "00:20:05", "end": "00:20:12", "text": "you'll be able to purchase with your FPS"}, {"start": "00:20:09", "end": "00:20:14", "text": "token or even soul, but soul is going to"}, {"start": "00:20:12", "end": "00:20:16", "text": "be a higher price and whatever is"}, {"start": "00:20:14", "end": "00:20:19", "text": "collected in soul will basically be"}, {"start": "00:20:16", "end": "00:20:21", "text": "converted to FPS. So either way, it's"}, {"start": "00:20:19", "end": "00:20:23", "text": "going to be helping this token. And just"}, {"start": "00:20:21", "end": "00:20:26", "text": "a preview of what the maps will look"}, {"start": "00:20:23", "end": "00:20:29", "text": "like. This is a new one that we have"}, {"start": "00:20:26", "end": "00:20:32", "text": "that's set somewhere in the Middle East."}, {"start": "00:20:29", "end": "00:20:34", "text": "Looks absolutely gorgeous. Here's"}, {"start": "00:20:32", "end": "00:20:37", "text": "another one,"}, {"start": "00:20:34", "end": "00:20:39", "text": "you know. So, the the visual quality and"}, {"start": "00:20:37", "end": "00:20:43", "text": "we're going to have a lot of like"}, {"start": "00:20:39", "end": "00:20:45", "text": "cinematic cutscenes and just everything."}, {"start": "00:20:43", "end": "00:20:47", "text": "It's it's going to be like a crazy"}, {"start": "00:20:45", "end": "00:20:50", "text": "thing. It It's people that played Front"}, {"start": "00:20:47", "end": "00:20:53", "text": "Line one and season 2, you're going to"}, {"start": "00:20:50", "end": "00:20:56", "text": "be blown away how good it is. So, that's"}, {"start": "00:20:53", "end": "00:20:58", "text": "why there's a new token FPS. And then I"}, {"start": "00:20:56", "end": "00:21:00", "text": "haven't thought about how to do the"}, {"start": "00:20:58", "end": "00:21:03", "text": "tournaments, but we could also do really"}, {"start": "00:21:00", "end": "00:21:05", "text": "big tournaments, prize tournaments with"}, {"start": "00:21:03", "end": "00:21:08", "text": "FPS token, and that is going to be"}, {"start": "00:21:05", "end": "00:21:10", "text": "coming up too."}, {"start": "00:21:08", "end": "00:21:11", "text": "Uh yeah, and then as for Clash World, I"}, {"start": "00:21:10", "end": "00:21:14", "text": "don't have any new updates, but some of"}, {"start": "00:21:11", "end": "00:21:17", "text": "you guys may not have seen some of these"}, {"start": "00:21:14", "end": "00:21:20", "text": "screenshots that we've posted already,"}, {"start": "00:21:17", "end": "00:21:24", "text": "right? So, this gives you kind of a"}, {"start": "00:21:20", "end": "00:21:29", "text": "glimpse of like how vast things are,"}, {"start": "00:21:24", "end": "00:21:31", "text": "right? The visual quality is really good"}, {"start": "00:21:29", "end": "00:21:34", "text": "and I'm still improving and I'm making"}, {"start": "00:21:31", "end": "00:21:36", "text": "the map huge. The map, those of you guys"}, {"start": "00:21:34", "end": "00:21:39", "text": "that have played GTA 5 know how big it"}, {"start": "00:21:36", "end": "00:21:41", "text": "is and GTA 6 is even bigger. The map"}, {"start": "00:21:39", "end": "00:21:44", "text": "that I'm working with is roughly the"}, {"start": "00:21:41", "end": "00:21:47", "text": "size of GTA 5. So, it's going to be an"}, {"start": "00:21:44", "end": "00:21:52", "text": "absolutely huge map based on a certain"}, {"start": "00:21:47", "end": "00:21:55", "text": "city after you play it. And uh"}, {"start": "00:21:52", "end": "00:21:57", "text": "and it's going to be maybe the greatest"}, {"start": "00:21:55", "end": "00:21:59", "text": "game of all time [laughter]"}, {"start": "00:21:57", "end": "00:22:04", "text": "because there'll be so much in there"}, {"start": "00:21:59", "end": "00:22:08", "text": "that you can do with your CWD token and"}, {"start": "00:22:04", "end": "00:22:10", "text": "there's businesses that you can run and"}, {"start": "00:22:08", "end": "00:22:12", "text": "things that you could purchase in game"}, {"start": "00:22:10", "end": "00:22:15", "text": "and just overall what you could do with"}, {"start": "00:22:12", "end": "00:22:18", "text": "it. It's going to be nuts. all the"}, {"start": "00:22:15", "end": "00:22:22", "text": "things that GTA 6 are not going to have"}, {"start": "00:22:18", "end": "00:22:24", "text": "like crypto integrated AI integrated"}, {"start": "00:22:22", "end": "00:22:25", "text": "uh I don't know building building"}, {"start": "00:22:24", "end": "00:22:27", "text": "destruction"}, {"start": "00:22:25", "end": "00:22:30", "text": "um"}, {"start": "00:22:27", "end": "00:22:33", "text": "you know the ability to make real money"}, {"start": "00:22:30", "end": "00:22:34", "text": "in the form of digital currency in the"}, {"start": "00:22:33", "end": "00:22:40", "text": "game"}, {"start": "00:22:34", "end": "00:22:43", "text": "stuff like that go be light years ahead"}, {"start": "00:22:40", "end": "00:22:45", "text": "good stuff guys I'm very excited very"}, {"start": "00:22:43", "end": "00:22:48", "text": "excited in these"}, {"start": "00:22:45", "end": "00:22:48", "text": "All right, let's do some Q&A."}, {"start": "00:23:21", "end": "00:23:24", "text": "Sorry, I was in mute. Someone says,"}, {"start": "00:23:22", "end": "00:23:26", "text": "\"Sounds like redder ready player one.\""}, {"start": "00:23:24", "end": "00:23:30", "text": "Yeah, it's kind of like that. It's kind"}, {"start": "00:23:26", "end": "00:23:33", "text": "of like that. I have some cool ideas."}, {"start": "00:23:30", "end": "00:23:34", "text": "Um,"}, {"start": "00:23:33", "end": "00:23:36", "text": "basically, you'll be able to live in"}, {"start": "00:23:34", "end": "00:23:39", "text": "there forever. You know, if you choose"}, {"start": "00:23:36", "end": "00:23:42", "text": "to be in there forever, you can. There's"}, {"start": "00:23:39", "end": "00:23:44", "text": "going to be so many missions"}, {"start": "00:23:42", "end": "00:23:46", "text": "that you can do. It's going to be"}, {"start": "00:23:44", "end": "00:23:49", "text": "online, obviously. It's going to be part"}, {"start": "00:23:46", "end": "00:23:52", "text": "of it's a persistent world where other"}, {"start": "00:23:49", "end": "00:23:55", "text": "people are going to be in there and"}, {"start": "00:23:52", "end": "00:23:57", "text": "there'll be many missions, but also I"}, {"start": "00:23:55", "end": "00:23:59", "text": "think a lot of people just enjoy being"}, {"start": "00:23:57", "end": "00:24:02", "text": "in there because"}, {"start": "00:23:59", "end": "00:24:03", "text": "they want to make money."}, {"start": "00:24:02", "end": "00:24:05", "text": "Um, and I got to figure out a way. It's"}, {"start": "00:24:03", "end": "00:24:06", "text": "not going to be like Axi or anything"}, {"start": "00:24:05", "end": "00:24:09", "text": "where it's just like never ending"}, {"start": "00:24:06", "end": "00:24:11", "text": "inflation that never leads anywhere. So,"}, {"start": "00:24:09", "end": "00:24:15", "text": "it's it's going to be done well. It's"}, {"start": "00:24:11", "end": "00:24:15", "text": "going to be done well."}, {"start": "00:24:16", "end": "00:24:18", "text": ">> [snorts]"}, {"start": "00:24:22", "end": "00:24:25", "text": ">> I'm working on all these games solo,"}, {"start": "00:24:23", "end": "00:24:28", "text": "man."}, {"start": "00:24:25", "end": "00:24:32", "text": "I've learned a lot along the way. I"}, {"start": "00:24:28", "end": "00:24:35", "text": "built engines to help."}, {"start": "00:24:32", "end": "00:24:37", "text": "Like, I just built a"}, {"start": "00:24:35", "end": "00:24:41", "text": "a NPC creator for"}, {"start": "00:24:37", "end": "00:24:46", "text": "for Clash World. So now I could take any"}, {"start": "00:24:41", "end": "00:24:50", "text": "photo and make a 3D MPC that actually"}, {"start": "00:24:46", "end": "00:24:51", "text": "looks pretty darn good inside the game."}, {"start": "00:24:50", "end": "00:24:54", "text": "So people a lot of people are talking"}, {"start": "00:24:51", "end": "00:24:57", "text": "about like GTA 6 leaks, you know,"}, {"start": "00:24:54", "end": "00:24:59", "text": "showing like Lucia and all these other"}, {"start": "00:24:57", "end": "00:25:02", "text": "guys and how they look so real and how"}, {"start": "00:24:59", "end": "00:25:04", "text": "the beach is so populated with stuff."}, {"start": "00:25:02", "end": "00:25:06", "text": "I'll be able to re recreate that with"}, {"start": "00:25:04", "end": "00:25:08", "text": "any picture and I could generate"}, {"start": "00:25:06", "end": "00:25:11", "text": "pictures. Here's the thing. You could"}, {"start": "00:25:08", "end": "00:25:14", "text": "generate realistic pictures of people"}, {"start": "00:25:11", "end": "00:25:18", "text": "and then make that into 3D models. So,"}, {"start": "00:25:14", "end": "00:25:23", "text": "I'll be able to have just as good NPCs"}, {"start": "00:25:18", "end": "00:25:23", "text": "as GTA 6."}, {"start": "00:25:24", "end": "00:25:29", "text": "So, I just built that. I built a car"}, {"start": "00:25:26", "end": "00:25:31", "text": "maker um where you could basically take"}, {"start": "00:25:29", "end": "00:25:33", "text": "any pictures of cars and make it into 3D"}, {"start": "00:25:31", "end": "00:25:35", "text": "models, too. There are a lot of stuff"}, {"start": "00:25:33", "end": "00:25:40", "text": "that I built and even for a front line"}, {"start": "00:25:35", "end": "00:25:42", "text": "like that's just to get the soldiers to"}, {"start": "00:25:40", "end": "00:25:45", "text": "move properly in a formation, the way"}, {"start": "00:25:42", "end": "00:25:48", "text": "they look, how they hold their guns, the"}, {"start": "00:25:45", "end": "00:25:51", "text": "you know the the the you know how they"}, {"start": "00:25:48", "end": "00:25:54", "text": "strife and bolt and all this stuff that"}, {"start": "00:25:51", "end": "00:25:56", "text": "see none of it is wasted because all"}, {"start": "00:25:54", "end": "00:25:59", "text": "that that I'm I'm doing for front line"}, {"start": "00:25:56", "end": "00:26:00", "text": "is carried into Clash World because if"}, {"start": "00:25:59", "end": "00:26:02", "text": "you kill enough police in Clash World"}, {"start": "00:26:00", "end": "00:26:04", "text": "then obviously swap comes and if you"}, {"start": "00:26:02", "end": "00:26:07", "text": "kill enough SWAT then the military"}, {"start": "00:26:04", "end": "00:26:09", "text": "comes. So everything that I'm doing in"}, {"start": "00:26:07", "end": "00:26:12", "text": "frontline will be carried into Clash"}, {"start": "00:26:09", "end": "00:26:14", "text": "World too. So that"}, {"start": "00:26:12", "end": "00:26:17", "text": "you know if it goes crazy you're going"}, {"start": "00:26:14", "end": "00:26:21", "text": "to have to f fight the military and then"}, {"start": "00:26:17", "end": "00:26:24", "text": "that's where you see all the cool stuff."}, {"start": "00:26:21", "end": "00:26:27", "text": "So nothing is wasted. Everything"}, {"start": "00:26:24", "end": "00:26:31", "text": "everything I'm learning is being used"}, {"start": "00:26:27", "end": "00:26:33", "text": "again in another capacity. And there are"}, {"start": "00:26:31", "end": "00:26:38", "text": "a lot of optimizations I've done in"}, {"start": "00:26:33", "end": "00:26:42", "text": "Clashworld that is now being put into"}, {"start": "00:26:38", "end": "00:26:42", "text": "front line too."}, {"start": "00:26:43", "end": "00:26:47", "text": "So it it's just really cool and it's"}, {"start": "00:26:46", "end": "00:26:52", "text": "it's it's"}, {"start": "00:26:47", "end": "00:26:52", "text": "really cool. I'll just say that."}, {"start": "00:27:00", "end": "00:27:07", "text": "Rocket launcher in uh in front line is"}, {"start": "00:27:03", "end": "00:27:07", "text": "going to be a game changer."}, {"start": "00:27:07", "end": "00:27:13", "text": "There'll be destru destructible walls."}, {"start": "00:27:10", "end": "00:27:16", "text": "There'll be things that explode."}, {"start": "00:27:13", "end": "00:27:18", "text": "Um"}, {"start": "00:27:16", "end": "00:27:22", "text": "that's also pretty new. And then"}, {"start": "00:27:18", "end": "00:27:25", "text": "grenades also can destroy walls,"}, {"start": "00:27:22", "end": "00:27:27", "text": "objects. There will be fire, which"}, {"start": "00:27:25", "end": "00:27:30", "text": "hasn't been in the game. Fire will be a"}, {"start": "00:27:27", "end": "00:27:35", "text": "new thing now."}, {"start": "00:27:30", "end": "00:27:35", "text": "So, a lot of a lot of cool things."}, {"start": "00:27:46", "end": "00:27:49", "text": ">> [snorts]"}, {"start": "00:27:46", "end": "00:27:52", "text": ">> And by the way, this is what this is"}, {"start": "00:27:49", "end": "00:27:54", "text": "what the soldiers go look like. Okay, so"}, {"start": "00:27:52", "end": "00:27:55", "text": "when you're playing, you know, front"}, {"start": "00:27:54", "end": "00:27:57", "text": "line one right now, it looks good, but"}, {"start": "00:27:55", "end": "00:27:59", "text": "the soldiers are a little fuzzy, kind of"}, {"start": "00:27:57", "end": "00:28:02", "text": "generic."}, {"start": "00:27:59", "end": "00:28:05", "text": "The new ones that you'll be playing are"}, {"start": "00:28:02", "end": "00:28:07", "text": "this quality, like 4K quality."}, {"start": "00:28:05", "end": "00:28:09", "text": "Uh, so it's going to be very different."}, {"start": "00:28:07", "end": "00:28:11", "text": "the way they look, the way they they"}, {"start": "00:28:09", "end": "00:28:17", "text": "move, the way they feel. It's gonna be"}, {"start": "00:28:11", "end": "00:28:17", "text": "like a real a real first person shooter."}, {"start": "00:28:25", "end": "00:28:31", "text": "Very very exciting. Very exciting"}, {"start": "00:28:28", "end": "00:28:31", "text": "indeed."}, {"start": "00:28:47", "end": "00:28:50", "text": "Is there any way to get Ledger tokens"}, {"start": "00:28:49", "end": "00:28:53", "text": "back? I lost my tokens two years ago."}, {"start": "00:28:50", "end": "00:28:57", "text": "Police told me they couldn't help. No,"}, {"start": "00:28:53", "end": "00:28:57", "text": "there is no way."}, {"start": "00:29:03", "end": "00:29:07", "text": "Unfortunately, that's what happens. I"}, {"start": "00:29:05", "end": "00:29:10", "text": "don't know how you would lose your"}, {"start": "00:29:07", "end": "00:29:12", "text": "tokens on your ledger, but yeah, once"}, {"start": "00:29:10", "end": "00:29:15", "text": "it's gone, you're not going to get it"}, {"start": "00:29:12", "end": "00:29:15", "text": "back."}, {"start": "00:29:16", "end": "00:29:20", "text": "Put some hippies in there to balance it"}, {"start": "00:29:18", "end": "00:29:24", "text": "out. There will be there'll be homeless"}, {"start": "00:29:20", "end": "00:29:26", "text": "people. There'll be business people."}, {"start": "00:29:24", "end": "00:29:28", "text": "There will be people on the beach."}, {"start": "00:29:26", "end": "00:29:30", "text": "There'll be people in business districts"}, {"start": "00:29:28", "end": "00:29:34", "text": "and residential area. the the map to"}, {"start": "00:29:30", "end": "00:29:37", "text": "Clashworld is enormous."}, {"start": "00:29:34", "end": "00:29:40", "text": "It's a whole city. There'll be a a park,"}, {"start": "00:29:37", "end": "00:29:43", "text": "like a huge park in there. There will be"}, {"start": "00:29:40", "end": "00:29:46", "text": "a airport in there. Uh several"}, {"start": "00:29:43", "end": "00:29:51", "text": "several districts. Uh we're going to"}, {"start": "00:29:46", "end": "00:29:54", "text": "have a train in there, a L train."}, {"start": "00:29:51", "end": "00:29:56", "text": "Um there'll be water, so there'll be"}, {"start": "00:29:54", "end": "00:29:59", "text": "boats. Like basically"}, {"start": "00:29:56", "end": "00:30:01", "text": "everything that you can do in GTA 5,"}, {"start": "00:29:59", "end": "00:30:03", "text": "you'll be able to do in"}, {"start": "00:30:01", "end": "00:30:06", "text": "[clears throat] Clash World and I'm"}, {"start": "00:30:03", "end": "00:30:09", "text": "incorporating GTA 6 features like the"}, {"start": "00:30:06", "end": "00:30:12", "text": "updated graphics and so forth and adding"}, {"start": "00:30:09", "end": "00:30:16", "text": "a whole bunch of other cryptoreated"}, {"start": "00:30:12", "end": "00:30:19", "text": "features that it does not have. Example,"}, {"start": "00:30:16", "end": "00:30:22", "text": "like if you go to a ATM or a bank in"}, {"start": "00:30:19", "end": "00:30:25", "text": "Clash World, you'll [snorts] be able to"}, {"start": "00:30:22", "end": "00:30:29", "text": "trade real crypto. It'll be a swap,"}, {"start": "00:30:25", "end": "00:30:32", "text": "right? So, if you need to buy something,"}, {"start": "00:30:29", "end": "00:30:34", "text": "okay, you go to a store and let's say"}, {"start": "00:30:32", "end": "00:30:38", "text": "they, you know, they only take Soul, for"}, {"start": "00:30:34", "end": "00:30:40", "text": "example, or they only take CWD or all"}, {"start": "00:30:38", "end": "00:30:43", "text": "these, you know, projects that's"}, {"start": "00:30:40", "end": "00:30:46", "text": "launching on Clashpad."}, {"start": "00:30:43", "end": "00:30:48", "text": "Maybe they only want to take Baggie or"}, {"start": "00:30:46", "end": "00:30:52", "text": "GG or something, right? and you don't"}, {"start": "00:30:48", "end": "00:30:54", "text": "have that. You can go to the ATM and"}, {"start": "00:30:52", "end": "00:30:56", "text": "swap your tokens to put in your wallet"}, {"start": "00:30:54", "end": "00:30:58", "text": "and then you could use it, right?"}, {"start": "00:30:56", "end": "00:31:01", "text": "Something like that. You're not going to"}, {"start": "00:30:58", "end": "00:31:02", "text": "get that in any other game. And you"}, {"start": "00:31:01", "end": "00:31:04", "text": "know, there'll be com, you'll have a"}, {"start": "00:31:02", "end": "00:31:06", "text": "phone with you. You could do direct"}, {"start": "00:31:04", "end": "00:31:08", "text": "trading in there if you wanted to. You"}, {"start": "00:31:06", "end": "00:31:10", "text": "could do sports predicting with Clash"}, {"start": "00:31:08", "end": "00:31:12", "text": "Picks. You just pull it up right on your"}, {"start": "00:31:10", "end": "00:31:14", "text": "phone."}, {"start": "00:31:12", "end": "00:31:18", "text": "I mean, it's it's going to be really"}, {"start": "00:31:14", "end": "00:31:18", "text": "cool. Really cool."}, {"start": "00:31:28", "end": "00:31:30", "text": ">> [snorts]"}, {"start": "00:31:28", "end": "00:31:32", "text": ">> Uh, is Dex Tools waiting to see the"}, {"start": "00:31:30", "end": "00:31:35", "text": "volume crates over period? No, that's"}, {"start": "00:31:32", "end": "00:31:38", "text": "not Dex Tools team is just [snorts]"}, {"start": "00:31:35", "end": "00:31:40", "text": "they're uh they're very slow and they"}, {"start": "00:31:38", "end": "00:31:42", "text": "get distracted because it's like a group"}, {"start": "00:31:40", "end": "00:31:44", "text": "of them, right? They're making money"}, {"start": "00:31:42", "end": "00:31:46", "text": "handover fist. So, you got to realize"}, {"start": "00:31:44", "end": "00:31:48", "text": "from people that are making handover"}, {"start": "00:31:46", "end": "00:31:49", "text": "fist, they don't really care about a"}, {"start": "00:31:48", "end": "00:31:51", "text": "whole lot of stuff. They're already"}, {"start": "00:31:49", "end": "00:31:54", "text": "making a lot of money. All right?"}, {"start": "00:31:51", "end": "00:31:56", "text": "They're making millions per year. So,"}, {"start": "00:31:54", "end": "00:31:59", "text": "what I propose to them is go make them"}, {"start": "00:31:56", "end": "00:32:01", "text": "more money. Um, and I hope they"}, {"start": "00:31:59", "end": "00:32:05", "text": "seriously think about it, which is just"}, {"start": "00:32:01", "end": "00:32:06", "text": "to put a launch token or launch coin on"}, {"start": "00:32:05", "end": "00:32:10", "text": "their site that leads directly to"}, {"start": "00:32:06", "end": "00:32:12", "text": "Clashpad. And I I will share like 50% of"}, {"start": "00:32:10", "end": "00:32:14", "text": "the revenue."}, {"start": "00:32:12", "end": "00:32:15", "text": "I try to explain to them if they did"}, {"start": "00:32:14", "end": "00:32:17", "text": "that"}, {"start": "00:32:15", "end": "00:32:20", "text": "both they and the platform would be"}, {"start": "00:32:17", "end": "00:32:23", "text": "making hundreds of millions of dollars"}, {"start": "00:32:20", "end": "00:32:26", "text": "like no joke the revenue pulled in would"}, {"start": "00:32:23", "end": "00:32:28", "text": "be like 50 to 100 million in the first"}, {"start": "00:32:26", "end": "00:32:31", "text": "year and that's that's money that they"}, {"start": "00:32:28", "end": "00:32:33", "text": "can't ignore. Um"}, {"start": "00:32:31", "end": "00:32:35", "text": "and we get that you know the flywheel"}, {"start": "00:32:33", "end": "00:32:38", "text": "effect to Clash will be astronomical"}, {"start": "00:32:35", "end": "00:32:42", "text": "like Clash will rise up to top 10"}, {"start": "00:32:38", "end": "00:32:44", "text": "project. Um,"}, {"start": "00:32:42", "end": "00:32:46", "text": "so I'm hoping that they actually"}, {"start": "00:32:44", "end": "00:32:49", "text": "seriously like look at things. I have"}, {"start": "00:32:46", "end": "00:32:51", "text": "the data to prove it, but I don't know."}, {"start": "00:32:49", "end": "00:32:54", "text": "They're go for it. That's what I'm"}, {"start": "00:32:51", "end": "00:32:56", "text": "trying. If we do get that is like the"}, {"start": "00:32:54", "end": "00:33:00", "text": "game changer. Clash pad will be get"}, {"start": "00:32:56", "end": "00:33:00", "text": "bigger than pump.f Fun"}, {"start": "00:33:12", "end": "00:33:16", "text": "landmines at miniature aerial drones. We"}, {"start": "00:33:14", "end": "00:33:18", "text": "do have mines. Yeah, like there's like"}, {"start": "00:33:16", "end": "00:33:20", "text": "bombs that you could place. I already"}, {"start": "00:33:18", "end": "00:33:22", "text": "had that in place. I I never thought"}, {"start": "00:33:20", "end": "00:33:25", "text": "about landmines and I never thought"}, {"start": "00:33:22", "end": "00:33:28", "text": "about drones. Drones may be like a"}, {"start": "00:33:25", "end": "00:33:31", "text": "little bit hard to do in Clash World."}, {"start": "00:33:28", "end": "00:33:34", "text": "Uh, drone. I saw a cool game, a"}, {"start": "00:33:31", "end": "00:33:36", "text": "first-person shooter that uses drones."}, {"start": "00:33:34", "end": "00:33:38", "text": "Like that actually could happen in Front"}, {"start": "00:33:36", "end": "00:33:42", "text": "Line. That would be cool. I do want to"}, {"start": "00:33:38", "end": "00:33:45", "text": "add more things, more advanced tech to"}, {"start": "00:33:42", "end": "00:33:47", "text": "uh to Front Line."}, {"start": "00:33:45", "end": "00:33:50", "text": "Um, yeah, you'll be able to do like"}, {"start": "00:33:47", "end": "00:33:52", "text": "drone uh aerial uh air strikes. You'll"}, {"start": "00:33:50", "end": "00:33:54", "text": "be able to call for air strike, but"}, {"start": "00:33:52", "end": "00:34:00", "text": "maybe we could do like drone strikes"}, {"start": "00:33:54", "end": "00:34:00", "text": "instead or in addition to in front line."}, {"start": "00:34:19", "end": "00:34:25", "text": "PUBG Mobile"}, {"start": "00:34:22", "end": "00:34:27", "text": "Battle Royale with ability for mobile"}, {"start": "00:34:25", "end": "00:34:29", "text": "and PC."}, {"start": "00:34:27", "end": "00:34:31", "text": "I mean, Front Line is already mobile,"}, {"start": "00:34:29", "end": "00:34:32", "text": "but you're just going to get destroyed"}, {"start": "00:34:31", "end": "00:34:35", "text": "if you play someone on the PC with a"}, {"start": "00:34:32", "end": "00:34:37", "text": "keyboard and mouse. You can play Front"}, {"start": "00:34:35", "end": "00:34:39", "text": "Line mobile ready, but like obviously"}, {"start": "00:34:37", "end": "00:34:41", "text": "the online controls with your thumbs are"}, {"start": "00:34:39", "end": "00:34:46", "text": "not going to be as good as keyboard and"}, {"start": "00:34:41", "end": "00:34:48", "text": "mouse. So, um, so that's I no one can"}, {"start": "00:34:46", "end": "00:34:49", "text": "make a mobile better. I mean, because"}, {"start": "00:34:48", "end": "00:34:51", "text": "like [laughter]"}, {"start": "00:34:49", "end": "00:34:54", "text": "where you go do it's just not it's not"}, {"start": "00:34:51", "end": "00:34:54", "text": "going to be as intuitive."}, {"start": "00:34:59", "end": "00:35:05", "text": "Landmines won't be a problem, but you"}, {"start": "00:35:01", "end": "00:35:07", "text": "know, most of the games are faster, so I"}, {"start": "00:35:05", "end": "00:35:09", "text": "I don't know."}, {"start": "00:35:07", "end": "00:35:11", "text": "Um,"}, {"start": "00:35:09", "end": "00:35:14", "text": "you know, we got smoke grenades,"}, {"start": "00:35:11", "end": "00:35:14", "text": "flashbang,"}, {"start": "00:35:16", "end": "00:35:22", "text": "uh, you know, we got the frag grenade,"}, {"start": "00:35:18", "end": "00:35:25", "text": "we got the molotov,"}, {"start": "00:35:22", "end": "00:35:27", "text": "that's going to be new, and that's also"}, {"start": "00:35:25", "end": "00:35:29", "text": "in Clash World, too. So, you'll be able"}, {"start": "00:35:27", "end": "00:35:33", "text": "to just like light things on fire and"}, {"start": "00:35:29", "end": "00:35:33", "text": "stuff. Uh, it's really cool."}, {"start": "00:35:40", "end": "00:35:43", "text": "And more guns."}, {"start": "00:35:45", "end": "00:35:50", "text": "The P90. I really like the P90."}, {"start": "00:36:10", "end": "00:36:15", "text": "Yeah, I saw that on X. There's this guy"}, {"start": "00:36:12", "end": "00:36:18", "text": "that vibe coded Hood Waterfare"}, {"start": "00:36:15", "end": "00:36:20", "text": "and it looks I I I I think he really"}, {"start": "00:36:18", "end": "00:36:23", "text": "just paid a whole bunch of influencers"}, {"start": "00:36:20", "end": "00:36:25", "text": "to like go nuts on it and maybe that"}, {"start": "00:36:23", "end": "00:36:26", "text": "that's what I should do. Like gaming"}, {"start": "00:36:25", "end": "00:36:31", "text": "influencers."}, {"start": "00:36:26", "end": "00:36:34", "text": "The game looks cool, but uh"}, {"start": "00:36:31", "end": "00:36:36", "text": "it's not like so amazing because all"}, {"start": "00:36:34", "end": "00:36:37", "text": "these guys on Xers talking about how"}, {"start": "00:36:36", "end": "00:36:39", "text": "it's like better in Call of Duty and"}, {"start": "00:36:37", "end": "00:36:41", "text": "this and that. It it's it's a cool game,"}, {"start": "00:36:39", "end": "00:36:46", "text": "but"}, {"start": "00:36:41", "end": "00:36:46", "text": "Front Line will be light years ahead."}, {"start": "00:37:21", "end": "00:37:27", "text": "Well, I need testers. Sure. You have to"}, {"start": "00:37:24", "end": "00:37:30", "text": "be in Discord, though. You have to be in"}, {"start": "00:37:27", "end": "00:37:33", "text": "Discord. I'll probably get a few testers"}, {"start": "00:37:30", "end": "00:37:35", "text": "to test the game out fully. Um, I'm I'm"}, {"start": "00:37:33", "end": "00:37:37", "text": "to the point where I will make a really"}, {"start": "00:37:35", "end": "00:37:40", "text": "cool trailer. I've been seeing like a"}, {"start": "00:37:37", "end": "00:37:41", "text": "lot of like trailers recently. I mean,"}, {"start": "00:37:40", "end": "00:37:43", "text": "those gaming studios make the best"}, {"start": "00:37:41", "end": "00:37:45", "text": "trailers, right? They make you feel like"}, {"start": "00:37:43", "end": "00:37:47", "text": "the game is the best game ever created"}, {"start": "00:37:45", "end": "00:37:49", "text": "when you watch those trailers. And then"}, {"start": "00:37:47", "end": "00:37:51", "text": "when you play, it's not like really that"}, {"start": "00:37:49", "end": "00:37:54", "text": "awesome, but the trailers make you feel"}, {"start": "00:37:51", "end": "00:37:56", "text": "like it's the best game ever created."}, {"start": "00:37:54", "end": "00:38:00", "text": "I'm going to try and make one for Front"}, {"start": "00:37:56", "end": "00:38:01", "text": "Line season two. Um,"}, {"start": "00:38:00", "end": "00:38:04", "text": "I'm going work on that next. It should"}, {"start": "00:38:01", "end": "00:38:07", "text": "be I in terms of timeline, it should be"}, {"start": "00:38:04", "end": "00:38:08", "text": "done by the end of this week."}, {"start": "00:38:07", "end": "00:38:10", "text": "Everything should be done by the end of"}, {"start": "00:38:08", "end": "00:38:13", "text": "this week. The maps are all upgraded."}, {"start": "00:38:10", "end": "00:38:16", "text": "There's going to be a new campaign mode,"}, {"start": "00:38:13", "end": "00:38:18", "text": "so you're actually traversing the maps."}, {"start": "00:38:16", "end": "00:38:20", "text": "Right now, we have like basically"}, {"start": "00:38:18", "end": "00:38:21", "text": "practice tournaments and then you have"}, {"start": "00:38:20", "end": "00:38:24", "text": "like play now where you can just go"}, {"start": "00:38:21", "end": "00:38:26", "text": "right in and join a battle that's"}, {"start": "00:38:24", "end": "00:38:28", "text": "online. But I'm going to introduce"}, {"start": "00:38:26", "end": "00:38:31", "text": "campaign mode. And it's going to be a"}, {"start": "00:38:28", "end": "00:38:33", "text": "lot. There's like 16 maps you have to go"}, {"start": "00:38:31", "end": "00:38:37", "text": "through and there going to be different"}, {"start": "00:38:33", "end": "00:38:38", "text": "missions, cutscenes, a lot of cool"}, {"start": "00:38:37", "end": "00:38:41", "text": "things."}, {"start": "00:38:38", "end": "00:38:46", "text": "uh for front line."}, {"start": "00:38:41", "end": "00:38:46", "text": "Yeah, maybe I'll have a tester or two"}, {"start": "00:38:58", "end": "00:39:02", "text": "there. There's no gaming that's going to"}, {"start": "00:39:00", "end": "00:39:04", "text": "be changed forever,"}, {"start": "00:39:02", "end": "00:39:07", "text": "right? With vibe coding, you know, I"}, {"start": "00:39:04", "end": "00:39:11", "text": "don't think people realize how"}, {"start": "00:39:07", "end": "00:39:13", "text": "how accessible um it is to just like"}, {"start": "00:39:11", "end": "00:39:15", "text": "create anything and you could reverse"}, {"start": "00:39:13", "end": "00:39:18", "text": "engineer anything now. Like the whole"}, {"start": "00:39:15", "end": "00:39:19", "text": "Adobe suite got reverse engineered. So"}, {"start": "00:39:18", "end": "00:39:21", "text": "now you could have Photoshop and"}, {"start": "00:39:19", "end": "00:39:23", "text": "Premiere and After Effects and"}, {"start": "00:39:21", "end": "00:39:26", "text": "everything for free open source. And I'm"}, {"start": "00:39:23", "end": "00:39:28", "text": "curious to see what Adobe does because"}, {"start": "00:39:26", "end": "00:39:30", "text": "it's obvious they reverse engineered"}, {"start": "00:39:28", "end": "00:39:34", "text": "their software but then change the code."}, {"start": "00:39:30", "end": "00:39:37", "text": "So can you really sue them for that? Who"}, {"start": "00:39:34", "end": "00:39:40", "text": "knows? like IP is basically gonna be"}, {"start": "00:39:37", "end": "00:39:42", "text": "non-existent. So really you just it's"}, {"start": "00:39:40", "end": "00:39:45", "text": "all about marketing. It's all about"}, {"start": "00:39:42", "end": "00:39:47", "text": "traction in the future, right?"}, {"start": "00:39:45", "end": "00:39:49", "text": "So"}, {"start": "00:39:47", "end": "00:39:51", "text": "it's kind of wild. It's kind of wild."}, {"start": "00:39:49", "end": "00:39:53", "text": "And you know like making GTA 6, you know"}, {"start": "00:39:51", "end": "00:39:56", "text": "how it took them like 13 years or"}, {"start": "00:39:53", "end": "00:39:59", "text": "something? GTA 7 is probably going to"}, {"start": "00:39:56", "end": "00:40:02", "text": "take like two years, one year. I mean,"}, {"start": "00:39:59", "end": "00:40:05", "text": "in fact, I'm making GTA 7 right now, and"}, {"start": "00:40:02", "end": "00:40:07", "text": "it's taking me like two months. If I"}, {"start": "00:40:05", "end": "00:40:10", "text": "worked on Clash World for a year, it it"}, {"start": "00:40:07", "end": "00:40:14", "text": "will be better than GTA 6. Uh, but I'm"}, {"start": "00:40:10", "end": "00:40:17", "text": "not going to do that. Most of GTA 6 went"}, {"start": "00:40:14", "end": "00:40:19", "text": "into like they they created little"}, {"start": "00:40:17", "end": "00:40:22", "text": "pockets of their world, right? Like"}, {"start": "00:40:19", "end": "00:40:25", "text": "every storefront you could go in now."}, {"start": "00:40:22", "end": "00:40:28", "text": "Like literally everywhere in the world,"}, {"start": "00:40:25", "end": "00:40:32", "text": "you could go like do stuff. You could go"}, {"start": "00:40:28", "end": "00:40:35", "text": "dirt racing or you could go skydiving or"}, {"start": "00:40:32", "end": "00:40:38", "text": "you could go on a boating adventure and"}, {"start": "00:40:35", "end": "00:40:42", "text": "every single place, every island, every"}, {"start": "00:40:38", "end": "00:40:43", "text": "crevice of their map has something,"}, {"start": "00:40:42", "end": "00:40:45", "text": "right? That's what really took him a"}, {"start": "00:40:43", "end": "00:40:47", "text": "long time and that that is going to take"}, {"start": "00:40:45", "end": "00:40:50", "text": "time. But in terms of designing the"}, {"start": "00:40:47", "end": "00:40:54", "text": "world, how it looks, all the mechanics,"}, {"start": "00:40:50", "end": "00:40:58", "text": "the engines behind it, that could all be"}, {"start": "00:40:54", "end": "00:40:58", "text": "done very quickly within months."}, {"start": "00:41:09", "end": "00:41:13", "text": "I mean, once once Front Line season 2"}, {"start": "00:41:11", "end": "00:41:15", "text": "comes out, guys, I'm curious if you guys"}, {"start": "00:41:13", "end": "00:41:19", "text": "play it. And those of you guys that are"}, {"start": "00:41:15", "end": "00:41:21", "text": "like hardcore FPS guys,"}, {"start": "00:41:19", "end": "00:41:22", "text": "I don't know, like Battlefield 6, that's"}, {"start": "00:41:21", "end": "00:41:25", "text": "that's a new one. And I think Call of"}, {"start": "00:41:22", "end": "00:41:28", "text": "Duty Modern Warfare 4 is coming out."}, {"start": "00:41:25", "end": "00:41:30", "text": "Like it took these game studios years to"}, {"start": "00:41:28", "end": "00:41:34", "text": "make them. I think it's at least like"}, {"start": "00:41:30", "end": "00:41:39", "text": "three, four years between them"}, {"start": "00:41:34", "end": "00:41:40", "text": "and I I made Frontline season 2 in two"}, {"start": "00:41:39", "end": "00:41:43", "text": "weeks."}, {"start": "00:41:40", "end": "00:41:44", "text": "So I'm curious to see the level. I don't"}, {"start": "00:41:43", "end": "00:41:47", "text": "I don't think we're going to be at"}, {"start": "00:41:44", "end": "00:41:49", "text": "parody. I don't think we're, you know,"}, {"start": "00:41:47", "end": "00:41:51", "text": "that close, but I think we're going to"}, {"start": "00:41:49", "end": "00:41:54", "text": "be pretty close. It's going to surprise"}, {"start": "00:41:51", "end": "00:41:56", "text": "a lot of people. And if I'm able to do"}, {"start": "00:41:54", "end": "00:41:59", "text": "that within a month versus these guys"}, {"start": "00:41:56", "end": "00:42:01", "text": "doing it in years,"}, {"start": "00:41:59", "end": "00:42:04", "text": "I mean, just think about that. It's It's"}, {"start": "00:42:01", "end": "00:42:04", "text": "gonna be wild."}, {"start": "00:42:19", "end": "00:42:24", "text": "All right."}, {"start": "00:42:22", "end": "00:42:28", "text": "I think that's pretty much it. Today's a"}, {"start": "00:42:24", "end": "00:42:30", "text": "light volume day. A lot of people off"}, {"start": "00:42:28", "end": "00:42:32", "text": "today, I guess, or sleeping in. I don't"}, {"start": "00:42:30", "end": "00:42:34", "text": "know. It seems like a regular work day,"}, {"start": "00:42:32", "end": "00:42:36", "text": "so everyone should be up and about, but"}, {"start": "00:42:34", "end": "00:42:39", "text": "maybe not. I almost didn't want to wake"}, {"start": "00:42:36", "end": "00:42:43", "text": "up today, but the US market is open, so"}, {"start": "00:42:39", "end": "00:42:43", "text": "I have to."}, {"start": "00:42:53", "end": "00:43:00", "text": "All right, guys, that is it."}, {"start": "00:42:57", "end": "00:43:02", "text": "Have a good rest of your day. Let's see"}, {"start": "00:43:00", "end": "00:43:06", "text": "what happens this week. probably come"}, {"start": "00:43:02", "end": "00:43:09", "text": "today, tomorrow, all the way until"}, {"start": "00:43:06", "end": "00:43:12", "text": "that big CPI report that's coming up on"}, {"start": "00:43:09", "end": "00:43:12", "text": "Wednesday."}, {"start": "00:43:13", "end": "00:43:18", "text": "We'll see. We'll see. All right, smash"}, {"start": "00:43:16", "end": "00:43:20", "text": "the like, subscribe to the channel, go"}, {"start": "00:43:18", "end": "00:43:21", "text": "to Clashpad, go check out all the"}, {"start": "00:43:20", "end": "00:43:22", "text": "projects,"}, {"start": "00:43:21", "end": "00:43:26", "text": "[clears throat]"}, {"start": "00:43:22", "end": "00:43:28", "text": "not only FPS, CWD, but all the others"}, {"start": "00:43:26", "end": "00:43:30", "text": "that the community have created, and"}, {"start": "00:43:28", "end": "00:43:31", "text": "they're very active in Discord. If"}, {"start": "00:43:30", "end": "00:43:35", "text": "you're not in Discord, go join our"}, {"start": "00:43:31", "end": "00:43:38", "text": "Discord. It's in the description."}, {"start": "00:43:35", "end": "00:43:41", "text": "And uh and that's it. All right. Have a"}, {"start": "00:43:38", "end": "00:43:41", "text": "good one, guys."}]

[{"end": "00:00:09", "start": "00:00:02", "text": "Welcome back to Cryptos Us. I am George."}, {"end": "00:00:12", "start": "00:00:07", "text": "We're all George. Welcome to another"}, {"end": "00:00:14", "start": "00:00:09", "text": "market open stream. Today we got to talk"}, {"end": "00:00:18", "start": "00:00:12", "text": "about that wipeout."}, {"end": "00:00:20", "start": "00:00:14", "text": "Nasty $1 billion"}, {"end": "00:00:23", "start": "00:00:18", "text": "wipeout."}, {"end": "00:00:25", "start": "00:00:20", "text": "So, what's next?"}, {"end": "00:00:27", "start": "00:00:23", "text": "Let's talk about it and talk about"}, {"end": "00:00:30", "start": "00:00:25", "text": "everything else that's going on in the"}, {"end": "00:00:32", "start": "00:00:27", "text": "world, including"}, {"end": "00:00:35", "start": "00:00:30", "text": "Clashpad."}, {"end": "00:00:38", "start": "00:00:32", "text": "All right, let's do it, guys. Let's do"}, {"end": "00:00:41", "start": "00:00:35", "text": "it. Welcome, welcome, welcome. We are"}, {"end": "00:00:43", "start": "00:00:38", "text": "starting out a day at $83,000."}, {"end": "00:00:45", "start": "00:00:41", "text": "And actually, if you if you look at it"}, {"end": "00:00:48", "start": "00:00:43", "text": "that way, we're we're not in a bad"}, {"end": "00:00:51", "start": "00:00:45", "text": "shape. Although, yesterday it did get a"}, {"end": "00:00:57", "start": "00:00:48", "text": "little scary. We fell down all the way"}, {"end": "00:00:59", "start": "00:00:51", "text": "to 80,000. It seemed like we might have"}, {"end": "00:01:02", "start": "00:00:57", "text": "had the possibility of breaking in the"}, {"end": "00:01:05", "start": "00:00:59", "text": "70s, but no, it always happens when you"}, {"end": "00:01:07", "start": "00:01:02", "text": "have these large wipeouts,"}, {"end": "00:01:10", "start": "00:01:05", "text": "right? things move very quick but still"}, {"end": "00:01:14", "start": "00:01:07", "text": "I mean we still have strong resistances"}, {"end": "00:01:17", "start": "00:01:10", "text": "all around but we have bounced back up"}, {"end": "00:01:19", "start": "00:01:14", "text": "to 83,000"}, {"end": "00:01:22", "start": "00:01:17", "text": "and some of the alts are recovering"}, {"end": "00:01:22", "start": "00:01:19", "text": "slightly"}, {"end": "00:01:28", "start": "00:01:22", "text": "and today the US market is green so"}, {"end": "00:01:31", "start": "00:01:25", "text": "that's good yesterday was pretty nasty"}, {"end": "00:01:35", "start": "00:01:28", "text": "pretty nasty yesterday of course I mean"}, {"end": "00:01:38", "start": "00:01:31", "text": "nothing new more worries about bond"}, {"end": "00:01:42", "start": "00:01:35", "text": "yield being high, about oil"}, {"end": "00:01:45", "start": "00:01:38", "text": "going up, about the Middle East"}, {"end": "00:01:47", "start": "00:01:42", "text": "escalating, and it does seem like those"}, {"end": "00:01:49", "start": "00:01:45", "text": "things are still in play and things may"}, {"end": "00:01:52", "start": "00:01:47", "text": "be escalating even more. There was a"}, {"end": "00:01:55", "start": "00:01:49", "text": "pilot killed"}, {"end": "00:01:58", "start": "00:01:52", "text": "uh at an airport"}, {"end": "00:02:00", "start": "00:01:55", "text": "and Saudi le coalition vows firm"}, {"end": "00:02:02", "start": "00:01:58", "text": "response."}, {"end": "00:02:04", "start": "00:02:00", "text": "So"}, {"end": "00:02:05", "start": "00:02:02", "text": "yeah,"}, {"end": "00:02:10", "start": "00:02:04", "text": "doesn't seem like what's going on in"}, {"end": "00:02:13", "start": "00:02:05", "text": "Middle East is dying down."}, {"end": "00:02:16", "start": "00:02:10", "text": "But Trump also did say this. The US will"}, {"end": "00:02:19", "start": "00:02:13", "text": "not attack Iran before midterm election."}, {"end": "00:02:22", "start": "00:02:16", "text": "So Trump obviously knows what's at"}, {"end": "00:02:22", "start": "00:02:19", "text": "stake."}, {"end": "00:02:27", "start": "00:02:23", "text": "um"}, {"end": "00:02:31", "start": "00:02:25", "text": "he really doesn't doesn't want to do"}, {"end": "00:02:33", "start": "00:02:27", "text": "anything to upset things I guess at the"}, {"end": "00:02:36", "start": "00:02:31", "text": "at this point right now a lot of people"}, {"end": "00:02:38", "start": "00:02:33", "text": "are anticipating that we will get a"}, {"end": "00:02:40", "start": "00:02:36", "text": "rally"}, {"end": "00:02:42", "start": "00:02:38", "text": "right before midterm and it could"}, {"end": "00:02:46", "start": "00:02:40", "text": "possibly carry afterwards the end of the"}, {"end": "00:02:47", "start": "00:02:42", "text": "year. I think he's hoping that that that"}, {"end": "00:02:52", "start": "00:02:46", "text": "is the case. And of course, he's hoping"}, {"end": "00:02:53", "start": "00:02:47", "text": "the Republicans uh win the midterm."}, {"end": "00:02:57", "start": "00:02:52", "text": "Sorry, I don't know why I keep losing my"}, {"end": "00:03:00", "start": "00:02:53", "text": "voice. So, we'll see. But this thing uh"}, {"end": "00:03:02", "start": "00:02:57", "text": "this war, obviously, the US being in war"}, {"end": "00:03:05", "start": "00:03:00", "text": "with Iran in the Middle East just seems"}, {"end": "00:03:07", "start": "00:03:02", "text": "to be dragging on and on and on and on."}, {"end": "00:03:10", "start": "00:03:05", "text": "And a lot of people are feeling quite"}, {"end": "00:03:14", "start": "00:03:07", "text": "unhappy about it because of rising oil,"}, {"end": "00:03:17", "start": "00:03:10", "text": "rising inflation, rising everything that"}, {"end": "00:03:20", "start": "00:03:14", "text": "are no good. So those things really"}, {"end": "00:03:25", "start": "00:03:17", "text": "didn't change. Didn't didn't change at"}, {"end": "00:03:28", "start": "00:03:20", "text": "all. But Scott Bassen's new advisor says"}, {"end": "00:03:30", "start": "00:03:25", "text": "the bond yield"}, {"end": "00:03:33", "start": "00:03:28", "text": "could be coming down soon. So don't"}, {"end": "00:03:35", "start": "00:03:30", "text": "worry. Don't worry. It's going to come"}, {"end": "00:03:37", "start": "00:03:33", "text": "down."}, {"end": "00:03:39", "start": "00:03:35", "text": "I don't know about that. I I just don't"}, {"end": "00:03:41", "start": "00:03:37", "text": "like right now. I don't even see what's"}, {"end": "00:03:45", "start": "00:03:39", "text": "going to bring it down. Cutting rates"}, {"end": "00:03:46", "start": "00:03:41", "text": "may, but we're not cutting anytime soon."}, {"end": "00:03:48", "start": "00:03:45", "text": "We're actually going to get a hike"}, {"end": "00:03:51", "start": "00:03:46", "text": "before the end of the year. So, I don't"}, {"end": "00:03:53", "start": "00:03:48", "text": "see cuts coming at all. Oil has to be"}, {"end": "00:03:56", "start": "00:03:51", "text": "down down. The war has to be over for"}, {"end": "00:03:58", "start": "00:03:53", "text": "that to happen. So, I don't know how"}, {"end": "00:04:01", "start": "00:03:56", "text": "yields are gonna come down. Even with"}, {"end": "00:04:05", "start": "00:03:58", "text": "all those things happening,"}, {"end": "00:04:07", "start": "00:04:01", "text": "the US deficit skyhigh irresponsible"}, {"end": "00:04:11", "start": "00:04:05", "text": "spending continues."}, {"end": "00:04:13", "start": "00:04:07", "text": "These are reasons why yield is so high"}, {"end": "00:04:16", "start": "00:04:11", "text": "and"}, {"end": "00:04:17", "start": "00:04:13", "text": "and why a lot of people are afraid and"}, {"end": "00:04:20", "start": "00:04:16", "text": "what's going to happen with our"}, {"end": "00:04:23", "start": "00:04:17", "text": "financial system if at all"}, {"end": "00:04:25", "start": "00:04:20", "text": "pops. Right? This is the reason why a"}, {"end": "00:04:29", "start": "00:04:23", "text": "lot of people have put their money"}, {"end": "00:04:31", "start": "00:04:25", "text": "elsewhere in assets and in crypto and"}, {"end": "00:04:34", "start": "00:04:29", "text": "other things."}, {"end": "00:04:36", "start": "00:04:31", "text": "So we will see"}, {"end": "00:04:38", "start": "00:04:34", "text": "uh what else what else happened"}, {"end": "00:04:43", "start": "00:04:36", "text": "yesterday that was very significant. Uh"}, {"end": "00:04:43", "start": "00:04:38", "text": "this JD Vans had a press conference"}, {"end": "00:04:51", "start": "00:04:43", "text": "called a lot of companies the biggest"}, {"end": "00:04:54", "start": "00:04:45", "text": "one Microsoft abusing the H1B system and"}, {"end": "00:04:57", "start": "00:04:51", "text": "they withdrew the perm"}, {"end": "00:05:00", "start": "00:04:54", "text": "the perm thing from Microsoft Adobe and"}, {"end": "00:05:03", "start": "00:04:57", "text": "like seven other companies. So, it was a"}, {"end": "00:05:06", "start": "00:05:00", "text": "big stance against American companies"}, {"end": "00:05:08", "start": "00:05:03", "text": "that supposedly were taking advantage of"}, {"end": "00:05:09", "start": "00:05:06", "text": "this, but"}, {"end": "00:05:11", "start": "00:05:08", "text": "doesn't seem like it's affecting"}, {"end": "00:05:13", "start": "00:05:09", "text": "Microsoft."}, {"end": "00:05:15", "start": "00:05:11", "text": "They're actually up today. You would"}, {"end": "00:05:17", "start": "00:05:13", "text": "figure like, oh, Microsoft would tank or"}, {"end": "00:05:19", "start": "00:05:15", "text": "something if Wall Street thought this"}, {"end": "00:05:23", "start": "00:05:17", "text": "was a big deal. Uh,"}, {"end": "00:05:23", "start": "00:05:19", "text": "guess they don't."}, {"end": "00:05:29", "start": "00:05:23", "text": "We'll see. I I honestly think all tech"}, {"end": "00:05:31", "start": "00:05:27", "text": "workers, they need to watch out. Every"}, {"end": "00:05:33", "start": "00:05:29", "text": "single tech worker needs to watch out."}, {"end": "00:05:37", "start": "00:05:31", "text": "In five to 10 years, most of them will"}, {"end": "00:05:40", "start": "00:05:33", "text": "not have a job anyways because of AI and"}, {"end": "00:05:43", "start": "00:05:37", "text": "how fast advancements have been and will"}, {"end": "00:05:46", "start": "00:05:40", "text": "continue and will only escalate. So all"}, {"end": "00:05:49", "start": "00:05:43", "text": "the all this is temporary. In 5 to 10"}, {"end": "00:05:49", "start": "00:05:46", "text": "years,"}, {"end": "00:05:55", "start": "00:05:49", "text": "you're not going to need to hire nearly"}, {"end": "00:05:58", "start": "00:05:52", "text": "as much or at all really. It's probably"}, {"end": "00:06:01", "start": "00:05:55", "text": "just more downsizing in 5 to 10 years."}, {"end": "00:06:04", "start": "00:05:58", "text": "All right. Uh outside of that, uh OpenAI"}, {"end": "00:06:06", "start": "00:06:01", "text": "revenue came in low."}, {"end": "00:06:08", "start": "00:06:04", "text": "They said they were going only half 50"}, {"end": "00:06:11", "start": "00:06:06", "text": "billion annualized revenue, which is"}, {"end": "00:06:13", "start": "00:06:08", "text": "already a lot, but it's lower than the"}, {"end": "00:06:15", "start": "00:06:11", "text": "expected 68 billion. So some of these"}, {"end": "00:06:17", "start": "00:06:13", "text": "companies like Nvidia, Oracle, and"}, {"end": "00:06:20", "start": "00:06:15", "text": "stuff, Sync, I don't know. I think it's"}, {"end": "00:06:23", "start": "00:06:17", "text": "temporary. Open AAI though, I will say,"}, {"end": "00:06:24", "start": "00:06:20", "text": "I'll talk more about"}, {"end": "00:06:26", "start": "00:06:23", "text": "good,"}, {"end": "00:06:27", "start": "00:06:24", "text": "they're really shooting themselves in"}, {"end": "00:06:30", "start": "00:06:26", "text": "the foot right now. They're making all"}, {"end": "00:06:34", "start": "00:06:27", "text": "the wrong moves. Anthropic is making all"}, {"end": "00:06:34", "start": "00:06:30", "text": "the right moves. So, Anthropic's"}, {"end": "00:06:41", "start": "00:06:35", "text": "growth is going to be unstoppable this"}, {"end": "00:06:43", "start": "00:06:38", "text": "year, I would say, leading to their IPO,"}, {"end": "00:06:46", "start": "00:06:41", "text": "which should be coming next month. And"}, {"end": "00:06:49", "start": "00:06:43", "text": "it's going to be it's going to be crazy."}, {"end": "00:06:51", "start": "00:06:46", "text": "Probably probably crazier than SpaceX."}, {"end": "00:06:54", "start": "00:06:49", "text": "So, if you're a stock investor, look"}, {"end": "00:06:58", "start": "00:06:51", "text": "forward to that. All right, going back"}, {"end": "00:07:00", "start": "00:06:54", "text": "to Bitcoin and crypto. So, what exactly"}, {"end": "00:07:02", "start": "00:06:58", "text": "happened? Yesterday, we had another"}, {"end": "00:07:04", "start": "00:07:00", "text": "outflow day. Not nearly as bad as day"}, {"end": "00:07:07", "start": "00:07:02", "text": "before."}, {"end": "00:07:08", "start": "00:07:04", "text": "Okay, during the day wasn't that bad. It"}, {"end": "00:07:09", "start": "00:07:07", "text": "was toward the afternoon and night it"}, {"end": "00:07:14", "start": "00:07:08", "text": "got worse and that's when the"}, {"end": "00:07:20", "start": "00:07:09", "text": "liquidation start happening. But"}, {"end": "00:07:22", "start": "00:07:14", "text": "overall, we had over $1 billion"}, {"end": "00:07:28", "start": "00:07:20", "text": "dollar"}, {"end": "00:07:31", "start": "00:07:22", "text": "worth of liquidations. $1 billion"}, {"end": "00:07:34", "start": "00:07:28", "text": "led by ETH."}, {"end": "00:07:37", "start": "00:07:31", "text": "Not even led by Bitcoin. Normally, it's"}, {"end": "00:07:39", "start": "00:07:34", "text": "always Bitcoin, but led by ETH."}, {"end": "00:07:42", "start": "00:07:37", "text": "people love"}, {"end": "00:07:45", "start": "00:07:39", "text": "love to throw on that leverage for heat."}, {"end": "00:07:47", "start": "00:07:42", "text": "I I will say some of mine did also get"}, {"end": "00:07:50", "start": "00:07:45", "text": "liquidated as well. I mean, I only had"}, {"end": "00:07:53", "start": "00:07:47", "text": "3x. Some of these alts"}, {"end": "00:07:55", "start": "00:07:50", "text": "move quite a lot. So, I'm I'm a victim"}, {"end": "00:07:58", "start": "00:07:53", "text": "of this and I tell you guys this, you"}, {"end": "00:07:59", "start": "00:07:55", "text": "got to be careful, right? You should set"}, {"end": "00:08:03", "start": "00:07:58", "text": "your stop losses and stuff like that,"}, {"end": "00:08:04", "start": "00:07:59", "text": "but sometimes I"}, {"end": "00:08:07", "start": "00:08:03", "text": "just let it ride and this is what"}, {"end": "00:08:11", "start": "00:08:04", "text": "happens. So, I could see why these"}, {"end": "00:08:13", "start": "00:08:07", "text": "figures are so high. They compound"}, {"end": "00:08:17", "start": "00:08:11", "text": "and once you get addicted, you just"}, {"end": "00:08:22", "start": "00:08:13", "text": "don't ever get off of this drug."}, {"end": "00:08:24", "start": "00:08:17", "text": "But, uh, yeah, $1 billion. So, if you're"}, {"end": "00:08:26", "start": "00:08:22", "text": "going to play with leverage, I suggest"}, {"end": "00:08:32", "start": "00:08:24", "text": "you don't, but if you do, go with 2x, 3x"}, {"end": "00:08:34", "start": "00:08:26", "text": "at most. Don't do 10, 20, 50, 100."}, {"end": "00:08:36", "start": "00:08:32", "text": "You're just gambling at that point. and"}, {"end": "00:08:40", "start": "00:08:34", "text": "most likely you're going to get"}, {"end": "00:08:41", "start": "00:08:36", "text": "liquidated. So don't do it my friends."}, {"end": "00:08:45", "start": "00:08:40", "text": "Don't do it. But this is a big reason"}, {"end": "00:08:48", "start": "00:08:41", "text": "why we fell down almost to 70s,"}, {"end": "00:08:50", "start": "00:08:45", "text": "okay? Because when you have all this"}, {"end": "00:08:53", "start": "00:08:48", "text": "happening,"}, {"end": "00:08:58", "start": "00:08:50", "text": "there are a lot of cells going on. It"}, {"end": "00:09:00", "start": "00:08:53", "text": "compounds on top of each other. And"}, {"end": "00:09:02", "start": "00:08:58", "text": "that's why we get these like sudden"}, {"end": "00:09:04", "start": "00:09:00", "text": "like these sudden wicks, right? We had"}, {"end": "00:09:06", "start": "00:09:02", "text": "this sudden wick downwards and then we"}, {"end": "00:09:08", "start": "00:09:04", "text": "like recovered. So this is what"}, {"end": "00:09:10", "start": "00:09:06", "text": "happened. What we want is the opposite,"}, {"end": "00:09:11", "start": "00:09:08", "text": "right? We want a sudden wick to the"}, {"end": "00:09:14", "start": "00:09:10", "text": "upside"}, {"end": "00:09:17", "start": "00:09:11", "text": "because of short squeezes, not long"}, {"end": "00:09:19", "start": "00:09:14", "text": "squeezes like this. But yeah, that's"}, {"end": "00:09:22", "start": "00:09:17", "text": "exactly what happened. That's exactly"}, {"end": "00:09:24", "start": "00:09:19", "text": "what happened. And you know what the"}, {"end": "00:09:25", "start": "00:09:22", "text": "good thing is? We took out all the"}, {"end": "00:09:28", "start": "00:09:24", "text": "liquidity,"}, {"end": "00:09:33", "start": "00:09:25", "text": "all the longs basically"}, {"end": "00:09:35", "start": "00:09:28", "text": "on the downside. But look at all this on"}, {"end": "00:09:38", "start": "00:09:33", "text": "upside now. And those are all shorts by"}, {"end": "00:09:41", "start": "00:09:35", "text": "the way. So from our level going all the"}, {"end": "00:09:44", "start": "00:09:38", "text": "way up back to 874,"}, {"end": "00:09:48", "start": "00:09:41", "text": "you know, let's just call it 88."}, {"end": "00:09:50", "start": "00:09:44", "text": "A lot a lot a lot a lot"}, {"end": "00:09:52", "start": "00:09:48", "text": "of leverage"}, {"end": "00:09:55", "start": "00:09:50", "text": "short contracts waiting to be"}, {"end": "00:09:59", "start": "00:09:52", "text": "liquidated. So we could bounce right"}, {"end": "00:10:00", "start": "00:09:55", "text": "back up. we get a good long squeeze or I"}, {"end": "00:10:03", "start": "00:09:59", "text": "mean a short squeeze and drive us"}, {"end": "00:10:08", "start": "00:10:00", "text": "higher. But yeah, there are a lot of"}, {"end": "00:10:11", "start": "00:10:03", "text": "levels now. So, we will we will see. We"}, {"end": "00:10:14", "start": "00:10:08", "text": "will see when that happens."}, {"end": "00:10:18", "start": "00:10:11", "text": "Uh what else? Not too much else going"}, {"end": "00:10:19", "start": "00:10:14", "text": "on. You know, there's a hidden signal."}, {"end": "00:10:22", "start": "00:10:18", "text": "What is that hidden signal with"}, {"end": "00:10:26", "start": "00:10:19", "text": "Bitcoin's price? I mean, there's a lot"}, {"end": "00:10:30", "start": "00:10:22", "text": "of stuff like this. This is showing"}, {"end": "00:10:32", "start": "00:10:26", "text": "what is it a bullish divergence where"}, {"end": "00:10:36", "start": "00:10:30", "text": "RSI is going down and price is going up."}, {"end": "00:10:36", "start": "00:10:32", "text": "That's a hidden"}, {"end": "00:10:40", "start": "00:10:37", "text": "bullish divergence. I mean we have a lot"}, {"end": "00:10:43", "start": "00:10:38", "text": "of metrics like this. Okay. I don't"}, {"end": "00:10:47", "start": "00:10:40", "text": "think I need to convince you guys that"}, {"end": "00:10:50", "start": "00:10:43", "text": "we are recovering. We are heading back"}, {"end": "00:10:53", "start": "00:10:47", "text": "up. All the charts and metrics say that."}, {"end": "00:10:55", "start": "00:10:50", "text": "But more importantly, the money is"}, {"end": "00:10:59", "start": "00:10:53", "text": "flowing back in. You could see that the"}, {"end": "00:11:03", "start": "00:10:55", "text": "ETF flows are very positive in billions."}, {"end": "00:11:05", "start": "00:10:59", "text": "Liquidity is going up. So, you know,"}, {"end": "00:11:09", "start": "00:11:03", "text": "this is all like shortterm, right?"}, {"end": "00:11:12", "start": "00:11:05", "text": "What's going to happen short term and"}, {"end": "00:11:16", "start": "00:11:09", "text": "you know, it's 50/50 sometimes."}, {"end": "00:11:18", "start": "00:11:12", "text": "This is talking about how we hit 81"}, {"end": "00:11:22", "start": "00:11:16", "text": "811 and are we going to pull back more?"}, {"end": "00:11:26", "start": "00:11:18", "text": "Are we going to bounce? what we bounced,"}, {"end": "00:11:30", "start": "00:11:22", "text": "right? So, things aren't always as bad"}, {"end": "00:11:33", "start": "00:11:26", "text": "as they seem. Sometimes it could look"}, {"end": "00:11:34", "start": "00:11:30", "text": "pretty scary."}, {"end": "00:11:37", "start": "00:11:33", "text": "And that's usually when you need to step"}, {"end": "00:11:40", "start": "00:11:34", "text": "back, take a breath,"}, {"end": "00:11:42", "start": "00:11:37", "text": "close your computer,"}, {"end": "00:11:44", "start": "00:11:40", "text": "don't look at your phone, and just step"}, {"end": "00:11:45", "start": "00:11:42", "text": "away. And then you come back and you're"}, {"end": "00:11:48", "start": "00:11:44", "text": "like, \"Okay, it's not so bad, and we're"}, {"end": "00:11:51", "start": "00:11:45", "text": "recovering.\" Happens every single time."}, {"end": "00:11:52", "start": "00:11:48", "text": "Or you could look at it as a good buy"}, {"end": "00:11:54", "start": "00:11:51", "text": "opportunity."}, {"end": "00:11:56", "start": "00:11:52", "text": "It's a good buy opportunity like what"}, {"end": "00:11:59", "start": "00:11:54", "text": "happened on Clashpad yesterday and even"}, {"end": "00:12:00", "start": "00:11:56", "text": "today. I'll get to that in a second. But"}, {"end": "00:12:03", "start": "00:11:59", "text": "the last thing I'll talk about this, a"}, {"end": "00:12:08", "start": "00:12:00", "text": "lot of people are fans of Sooie. They're"}, {"end": "00:12:12", "start": "00:12:03", "text": "launching a new L1 called Hashi"}, {"end": "00:12:14", "start": "00:12:08", "text": "that allows users to use Bitcoin as"}, {"end": "00:12:16", "start": "00:12:12", "text": "collateral"}, {"end": "00:12:17", "start": "00:12:14", "text": "without moving off the Bitcoin network."}, {"end": "00:12:19", "start": "00:12:16", "text": "There there has been other networks like"}, {"end": "00:12:22", "start": "00:12:17", "text": "this. Goat Network was another one that"}, {"end": "00:12:26", "start": "00:12:19", "text": "did this and there was another one is it"}, {"end": "00:12:29", "start": "00:12:22", "text": "core that did this. So we'll see if Suie"}, {"end": "00:12:32", "start": "00:12:26", "text": "is successful in this."}, {"end": "00:12:33", "start": "00:12:29", "text": "Um Suie did start another chain that was"}, {"end": "00:12:35", "start": "00:12:32", "text": "like"}, {"end": "00:12:37", "start": "00:12:33", "text": "it was like a storage chain. I don't"}, {"end": "00:12:39", "start": "00:12:35", "text": "think that ever did really well. So"}, {"end": "00:12:41", "start": "00:12:37", "text": "we'll see how this does. Suie itself"}, {"end": "00:12:43", "start": "00:12:39", "text": "hasn't done well in this crypto winter"}, {"end": "00:12:45", "start": "00:12:41", "text": "but they did really well last year in"}, {"end": "00:12:47", "start": "00:12:43", "text": "the last few years. So, I'm hoping"}, {"end": "00:12:49", "start": "00:12:45", "text": "they'll bounce back and I'm hoping this"}, {"end": "00:12:51", "start": "00:12:47", "text": "is wellreceived. Obviously, going into"}, {"end": "00:12:54", "start": "00:12:49", "text": "the Bitcoin realm is good, but you know,"}, {"end": "00:12:57", "start": "00:12:51", "text": "lending out Bitcoin that has always been"}, {"end": "00:13:00", "start": "00:12:54", "text": "like lend like Bitcoin DeFi, it's been a"}, {"end": "00:13:02", "start": "00:12:57", "text": "little hairy, iffy, and we'll see. I"}, {"end": "00:13:06", "start": "00:13:00", "text": "don't know the specifics on how they're"}, {"end": "00:13:08", "start": "00:13:02", "text": "going to do it, but hopefully"}, {"end": "00:13:11", "start": "00:13:06", "text": "hopefully"}, {"end": "00:13:11", "start": "00:13:08", "text": "it's good."}, {"end": "00:13:18", "start": "00:13:12", "text": "All right."}, {"end": "00:13:18", "start": "00:13:14", "text": "That's pretty much it."}, {"end": "00:13:22", "start": "00:13:18", "text": "Uh, still green."}, {"end": "00:13:28", "start": "00:13:23", "text": "Kind of holding. We're still positive"}, {"end": "00:13:31", "start": "00:13:25", "text": "right now versus 24 hours. But, uh,"}, {"end": "00:13:33", "start": "00:13:28", "text": "stock market today kind of mix. I think"}, {"end": "00:13:35", "start": "00:13:31", "text": "today could go both ways. Yesterday was"}, {"end": "00:13:38", "start": "00:13:33", "text": "like a bad day. So, today could be like"}, {"end": "00:13:41", "start": "00:13:35", "text": "a relief day, a rally, a relief rally"}, {"end": "00:13:44", "start": "00:13:38", "text": "day. But we will see. The conditions"}, {"end": "00:13:48", "start": "00:13:41", "text": "right now, the macro conditions doesn't"}, {"end": "00:13:50", "start": "00:13:44", "text": "look all that great. I'll say that."}, {"end": "00:13:55", "start": "00:13:48", "text": "But you know what? We have seen worse."}, {"end": "00:13:58", "start": "00:13:50", "text": "We have seen worse."}, {"end": "00:14:01", "start": "00:13:55", "text": "And as for Clashpad,"}, {"end": "00:14:04", "start": "00:13:58", "text": "the rewards continue to go higher. And"}, {"end": "00:14:06", "start": "00:14:01", "text": "there are a lot of rewards"}, {"end": "00:14:07", "start": "00:14:04", "text": "waiting to be distributed, too, because"}, {"end": "00:14:10", "start": "00:14:06", "text": "of the launch yesterday. Okay, so we're"}, {"end": "00:14:15", "start": "00:14:07", "text": "almost up to 1300"}, {"end": "00:14:16", "start": "00:14:10", "text": "and now we have two official"}, {"end": "00:14:18", "start": "00:14:15", "text": "coins."}, {"end": "00:14:19", "start": "00:14:16", "text": "Last night, if you were in Discord, I"}, {"end": "00:14:21", "start": "00:14:18", "text": "told you guys something was going to"}, {"end": "00:14:24", "start": "00:14:19", "text": "happen. A lot of you guys are in"}, {"end": "00:14:26", "start": "00:14:21", "text": "Discord. I did launch the FPS coin"}, {"end": "00:14:29", "start": "00:14:24", "text": "yesterday for Front Line. So, it's for"}, {"end": "00:14:33", "start": "00:14:26", "text": "season two right now. Front Line is free"}, {"end": "00:14:35", "start": "00:14:29", "text": "to play. It's a browserbased firsterson"}, {"end": "00:14:36", "start": "00:14:33", "text": "shooter, and we have tournaments around"}, {"end": "00:14:38", "start": "00:14:35", "text": "that. And in fact, we have a tournament"}, {"end": "00:14:41", "start": "00:14:36", "text": "tonight,"}, {"end": "00:14:43", "start": "00:14:38", "text": "but season 2 is going to be so much"}, {"end": "00:14:47", "start": "00:14:41", "text": "better. So, I'm currently developing"}, {"end": "00:14:49", "start": "00:14:43", "text": "season 2. New graphics, new weapons, FPS"}, {"end": "00:14:54", "start": "00:14:47", "text": "will be an in-game currency that you can"}, {"end": "00:14:56", "start": "00:14:49", "text": "use, new destruction, new everything."}, {"end": "00:15:00", "start": "00:14:54", "text": "It's going to be a really good"}, {"end": "00:15:02", "start": "00:14:56", "text": "firsterson shooter. NCWD is still being"}, {"end": "00:15:04", "start": "00:15:00", "text": "developed, developing both"}, {"end": "00:15:06", "start": "00:15:02", "text": "simultaneously."}, {"end": "00:15:08", "start": "00:15:04", "text": "So,"}, {"end": "00:15:11", "start": "00:15:06", "text": "just to let you guys know, and the"}, {"end": "00:15:14", "start": "00:15:08", "text": "flywheel effect for Clash is kicking in"}, {"end": "00:15:16", "start": "00:15:11", "text": "hard, although some chose to sell off"}, {"end": "00:15:18", "start": "00:15:14", "text": "Clash, which makes no sense because of"}, {"end": "00:15:20", "start": "00:15:16", "text": "the dip and because they want to FOMO"}, {"end": "00:15:22", "start": "00:15:18", "text": "into FPS. You don't want to do that. But"}, {"end": "00:15:25", "start": "00:15:20", "text": "anyways, the flywheel effect will"}, {"end": "00:15:27", "start": "00:15:22", "text": "continue and we're going to accumulate a"}, {"end": "00:15:30", "start": "00:15:25", "text": "lot more clash as volume picks up. And"}, {"end": "00:15:32", "start": "00:15:27", "text": "I've been telling you guys that. So,"}, {"end": "00:15:36", "start": "00:15:30", "text": "just FYI,"}, {"end": "00:15:39", "start": "00:15:32", "text": "this is all for Clash."}, {"end": "00:15:44", "start": "00:15:36", "text": "This is why called Clashpad. Uh, all"}, {"end": "00:15:44", "start": "00:15:39", "text": "right, let's do some Q&A."}, {"end": "00:16:06", "start": "00:16:03", "text": "Can you use a controller for your games?"}, {"end": "00:16:09", "start": "00:16:04", "text": "Sure. If you have a controller hooked up"}, {"end": "00:16:09", "start": "00:16:06", "text": "to your computer."}, {"end": "00:16:16", "start": "00:16:11", "text": "Clash World. I mean, it's like I I can"}, {"end": "00:16:18", "start": "00:16:14", "text": "make it. I mean, it's like a GTA style"}, {"end": "00:16:19", "start": "00:16:16", "text": "game. You could use your controller if"}, {"end": "00:16:21", "start": "00:16:18", "text": "you want to. If you have a controller on"}, {"end": "00:16:24", "start": "00:16:19", "text": "your computer, sure, why not? I'll make"}, {"end": "00:16:30", "start": "00:16:21", "text": "sure that it works."}, {"end": "00:16:30", "start": "00:16:24", "text": "But both games are going to be amazing."}, {"end": "00:16:35", "start": "00:16:30", "text": "So, tell you that just working 247 on"}, {"end": "00:16:38", "start": "00:16:34", "text": "both. I've been doing that for a long"}, {"end": "00:16:38", "start": "00:16:35", "text": "time."}, {"end": "00:16:46", "start": "00:16:42", "text": "Uh yeah. Uh as for Cryptoark, I reached"}, {"end": "00:16:48", "start": "00:16:44", "text": "out to him"}, {"end": "00:16:50", "start": "00:16:46", "text": "and then we're trying to plan something."}, {"end": "00:16:53", "start": "00:16:48", "text": "Oh, I didn't know he mentioned that. So,"}, {"end": "00:16:55", "start": "00:16:50", "text": "yeah, and we'll set up uh I haven't"}, {"end": "00:16:58", "start": "00:16:53", "text": "gotten back to him, but I'm gonna try to"}, {"end": "00:17:00", "start": "00:16:55", "text": "set up something where uh I've never"}, {"end": "00:17:03", "start": "00:16:58", "text": "talked to Cryptoark before, never met"}, {"end": "00:17:05", "start": "00:17:00", "text": "him in person. I've always missed him"}, {"end": "00:17:08", "start": "00:17:03", "text": "for some reason. But yeah, I'm going to"}, {"end": "00:17:12", "start": "00:17:05", "text": "go talk to him, go on a show, talk a"}, {"end": "00:17:17", "start": "00:17:08", "text": "little bit Bitcoin and crypto, and"}, {"end": "00:17:17", "start": "00:17:12", "text": "maybe talk a little about Clash, too."}, {"end": "00:17:50", "start": "00:17:46", "text": "Why is there no more comments?"}, {"end": "00:18:08", "start": "00:18:03", "text": "Does the chat die or something? because"}, {"end": "00:18:10", "start": "00:18:05", "text": "not one comment has been said since the"}, {"end": "00:18:13", "start": "00:18:08", "text": "the last one"}, {"end": "00:18:15", "start": "00:18:10", "text": "or no one has anything to say. Uh which"}, {"end": "00:18:17", "start": "00:18:13", "text": "is fine."}, {"end": "00:18:20", "start": "00:18:15", "text": "I'll just sit here quietly for the next"}, {"end": "00:18:22", "start": "00:18:17", "text": "five minutes."}, {"end": "00:18:25", "start": "00:18:20", "text": "How many players in a tournament last"}, {"end": "00:18:29", "start": "00:18:22", "text": "week? Limb said it was about 10. We'll"}, {"end": "00:18:30", "start": "00:18:25", "text": "see if that goes up."}, {"end": "00:18:32", "start": "00:18:29", "text": "Networking, everything was solved. It"}, {"end": "00:18:34", "start": "00:18:30", "text": "seemed like tournament was going good"}, {"end": "00:18:38", "start": "00:18:32", "text": "last week. Nothing really changes for"}, {"end": "00:18:45", "start": "00:18:34", "text": "this week as I continue forward with"}, {"end": "00:18:45", "start": "00:18:38", "text": "with upgrades um for season two, but"}, {"end": "00:18:50", "start": "00:18:45", "text": "if you go to Frontline FPS,"}, {"end": "00:18:53", "start": "00:18:48", "text": "this is where you go"}, {"end": "00:18:56", "start": "00:18:50", "text": "and it says season 2 is coming along"}, {"end": "00:18:58", "start": "00:18:53", "text": "with the the token link to Clashbad. But"}, {"end": "00:19:01", "start": "00:18:56", "text": "you know what? Any of you guys can go in"}, {"end": "00:19:05", "start": "00:18:58", "text": "and practice and play now. I mean, it's"}, {"end": "00:19:11", "start": "00:19:01", "text": "all set up. All right. But"}, {"end": "00:19:11", "start": "00:19:05", "text": "um you know he had a ask clash account."}, {"end": "00:19:38", "start": "00:19:35", "text": "Any"}, {"end": "00:19:52", "start": "00:19:45", "text": "real chance CWD hits $1? Yes."}, {"end": "00:19:54", "start": "00:19:50", "text": "Everything that I have produced"}, {"end": "00:19:57", "start": "00:19:52", "text": "realistically have a chance to hit 1"}, {"end": "00:19:57", "start": "00:19:54", "text": "billion."}, {"end": "00:20:02", "start": "00:19:57", "text": "I mean, in a bull market, it's not that"}, {"end": "00:20:04", "start": "00:19:59", "text": "hard. As long as you have the right"}, {"end": "00:20:06", "start": "00:20:02", "text": "community, the right leadership, the"}, {"end": "00:20:10", "start": "00:20:04", "text": "right products,"}, {"end": "00:20:14", "start": "00:20:06", "text": "I just don't see any any product any"}, {"end": "00:20:20", "start": "00:20:10", "text": "project that has an ecosystem like ours."}, {"end": "00:20:21", "start": "00:20:14", "text": "Yes, we don't have our own L1 or L2 yet,"}, {"end": "00:20:24", "start": "00:20:20", "text": "but"}, {"end": "00:20:26", "start": "00:20:21", "text": "we got a complete package. We got we got"}, {"end": "00:20:28", "start": "00:20:24", "text": "all the all the things. They're all"}, {"end": "00:20:30", "start": "00:20:26", "text": "unified. Yes, they could be more"}, {"end": "00:20:32", "start": "00:20:28", "text": "unified. There could be more things"}, {"end": "00:20:34", "start": "00:20:30", "text": "done, but"}, {"end": "00:20:36", "start": "00:20:32", "text": "we're going the right direction."}, {"end": "00:20:38", "start": "00:20:34", "text": "And I think the game is really going to"}, {"end": "00:20:42", "start": "00:20:36", "text": "be good. Clash World is going to be"}, {"end": "00:20:43", "start": "00:20:38", "text": "amazing. I think"}, {"end": "00:20:47", "start": "00:20:42", "text": "it'll probably come out right around"}, {"end": "00:20:50", "start": "00:20:43", "text": "when GTA 6 comes out. I think there will"}, {"end": "00:20:52", "start": "00:20:47", "text": "be many things that we do that will be"}, {"end": "00:20:54", "start": "00:20:50", "text": "better and it's going to surprise a lot"}, {"end": "00:20:57", "start": "00:20:52", "text": "of people."}, {"end": "00:20:58", "start": "00:20:54", "text": "I mean, the overall map for GTA 6 is"}, {"end": "00:21:02", "start": "00:20:57", "text": "going to be much bigger. You know, the"}, {"end": "00:21:06", "start": "00:20:58", "text": "the story the the side storylines,"}, {"end": "00:21:09", "start": "00:21:02", "text": "okay, the the solo play for GTA is going"}, {"end": "00:21:12", "start": "00:21:06", "text": "to be much better. But in terms of"}, {"end": "00:21:17", "start": "00:21:09", "text": "online play, missions, what you could do"}, {"end": "00:21:19", "start": "00:21:12", "text": "inside the game, how it's all integrated"}, {"end": "00:21:20", "start": "00:21:17", "text": "is going to be very different. And we'll"}, {"end": "00:21:23", "start": "00:21:19", "text": "see."}, {"end": "00:21:26", "start": "00:21:20", "text": "I'm very I'm very hyped up about when"}, {"end": "00:21:30", "start": "00:21:23", "text": "when Clash World is done."}, {"end": "00:21:32", "start": "00:21:26", "text": "I'm very working very hard at it."}, {"end": "00:21:34", "start": "00:21:30", "text": "And same day with Front Line. Front Line"}, {"end": "00:21:36", "start": "00:21:32", "text": "will be done sooner. But I think when"}, {"end": "00:21:39", "start": "00:21:34", "text": "it's done, season two will be a much"}, {"end": "00:21:42", "start": "00:21:36", "text": "more complete game, one that people"}, {"end": "00:21:43", "start": "00:21:39", "text": "enjoy a lot more. And with the token,"}, {"end": "00:21:46", "start": "00:21:42", "text": "there will be more that we can do,"}, {"end": "00:21:49", "start": "00:21:43", "text": "especially with the tournaments that we"}, {"end": "00:21:50", "start": "00:21:46", "text": "continue to have every Friday. So, I"}, {"end": "00:21:53", "start": "00:21:49", "text": "think there's going to be more to that"}, {"end": "00:21:53", "start": "00:21:50", "text": "as well."}, {"end": "00:22:29", "start": "00:22:24", "text": "Will you use NPCs from Clashpad projects"}, {"end": "00:22:31", "start": "00:22:27", "text": "for Clash World characters? Maybe. I"}, {"end": "00:22:36", "start": "00:22:29", "text": "talked about it. There's a couple things"}, {"end": "00:22:40", "start": "00:22:31", "text": "I'm developing in house for Clash World."}, {"end": "00:22:42", "start": "00:22:36", "text": "Number one is uh a character creator"}, {"end": "00:22:43", "start": "00:22:40", "text": "which"}, {"end": "00:22:46", "start": "00:22:42", "text": "is harder it seems mostly because of"}, {"end": "00:22:49", "start": "00:22:43", "text": "hair to get hair right is it's very"}, {"end": "00:22:53", "start": "00:22:46", "text": "difficult but it's almost done so"}, {"end": "00:22:55", "start": "00:22:49", "text": "basically I could plug in any any figure"}, {"end": "00:22:59", "start": "00:22:53", "text": "any"}, {"end": "00:23:02", "start": "00:22:55", "text": "picture and it'll make a 3D"}, {"end": "00:23:04", "start": "00:22:59", "text": "a 3D MPC for the game and that's going"}, {"end": "00:23:07", "start": "00:23:02", "text": "to be huge because one of the things GTA"}, {"end": "00:23:08", "start": "00:23:04", "text": "6 has is like a ton of people like all"}, {"end": "00:23:10", "start": "00:23:07", "text": "the leaks and everything that has shown"}, {"end": "00:23:11", "start": "00:23:08", "text": "it's just like if you go to a beach"}, {"end": "00:23:15", "start": "00:23:10", "text": "there's like a hundred people standing"}, {"end": "00:23:16", "start": "00:23:11", "text": "around everywhere we go there's like a"}, {"end": "00:23:19", "start": "00:23:15", "text": "lot of different kind of people"}, {"end": "00:23:22", "start": "00:23:16", "text": "everywhere right I'll have that same"}, {"end": "00:23:25", "start": "00:23:19", "text": "ability I'll be able to program in a"}, {"end": "00:23:27", "start": "00:23:22", "text": "thousand different people random people"}, {"end": "00:23:31", "start": "00:23:25", "text": "or different areas of the maps I'll be"}, {"end": "00:23:33", "start": "00:23:27", "text": "able to do that too soon once I get that"}, {"end": "00:23:35", "start": "00:23:31", "text": "that generator done"}, {"end": "00:23:38", "start": "00:23:33", "text": "it'll be very easy very Easy. Another"}, {"end": "00:23:40", "start": "00:23:35", "text": "one is cars."}, {"end": "00:23:42", "start": "00:23:38", "text": "I built a"}, {"end": "00:23:45", "start": "00:23:40", "text": "a engine to basically take any car and"}, {"end": "00:23:48", "start": "00:23:42", "text": "make a 3D a really good looking 3D"}, {"end": "00:23:51", "start": "00:23:45", "text": "representation in the in the game too."}, {"end": "00:23:54", "start": "00:23:48", "text": "So that's almost live too."}, {"end": "00:23:57", "start": "00:23:51", "text": "And a lot of other stuff like building"}, {"end": "00:23:59", "start": "00:23:54", "text": "destruction. Destruction overall is"}, {"end": "00:24:01", "start": "00:23:57", "text": "going to be very different than GTA 6. I"}, {"end": "00:24:04", "start": "00:23:59", "text": "don't think you could destroy buildings"}, {"end": "00:24:06", "start": "00:24:01", "text": "in GTA 6. You can't do it in GTA 5."}, {"end": "00:24:10", "start": "00:24:04", "text": "you'll be able to do it in Clash World"}, {"end": "00:24:11", "start": "00:24:06", "text": "and that's a different thing too."}, {"end": "00:24:14", "start": "00:24:10", "text": "I'm even going to go program one of the"}, {"end": "00:24:17", "start": "00:24:11", "text": "weapons being air strike which is going"}, {"end": "00:24:21", "start": "00:24:14", "text": "to be wild. Uh so stuff like that. This"}, {"end": "00:24:21", "start": "00:24:17", "text": "could be this could be awesome."}, {"end": "00:24:36", "start": "00:24:32", "text": "Will we bring back Salana reward for"}, {"end": "00:24:40", "start": "00:24:33", "text": "tournaments? No, don't. That's why we"}, {"end": "00:24:43", "start": "00:24:36", "text": "have the FPS token. That's what this is"}, {"end": "00:24:43", "start": "00:24:40", "text": "for."}, {"end": "00:25:01", "start": "00:24:53", "text": "There'll be in-game purchases, upgrades,"}, {"end": "00:25:01", "start": "00:24:57", "text": "and it'll be used for tournaments."}, {"end": "00:25:17", "start": "00:25:13", "text": "What do you think about creating our own"}, {"end": "00:25:19", "start": "00:25:15", "text": "business as memecoins and Clashback? You"}, {"end": "00:25:21", "start": "00:25:17", "text": "shouldn't even think about these as"}, {"end": "00:25:25", "start": "00:25:19", "text": "memecoins. Really, they're community"}, {"end": "00:25:29", "start": "00:25:21", "text": "coins. And I welcome serious people"}, {"end": "00:25:32", "start": "00:25:25", "text": "with serious businesses to create. All"}, {"end": "00:25:34", "start": "00:25:29", "text": "this is is really just a launcher. It's"}, {"end": "00:25:36", "start": "00:25:32", "text": "a really easy launcher for people to"}, {"end": "00:25:38", "start": "00:25:34", "text": "create a token. Now, if you wanted to"}, {"end": "00:25:41", "start": "00:25:36", "text": "create a token for your business,"}, {"end": "00:25:44", "start": "00:25:38", "text": "go ahead and do it,"}, {"end": "00:25:46", "start": "00:25:41", "text": "right? Like, if you have some good use"}, {"end": "00:25:49", "start": "00:25:44", "text": "case for a token for your business, by"}, {"end": "00:25:49", "start": "00:25:46", "text": "all means,"}, {"end": "00:25:53", "start": "00:25:49", "text": "you know, you're still catering to your"}, {"end": "00:25:57", "start": "00:25:51", "text": "customers, which just it's just your"}, {"end": "00:25:57", "start": "00:25:53", "text": "community. is the same thing."}, {"end": "00:26:30", "start": "00:26:24", "text": "kind of a stale. Today is Friday, too,"}, {"end": "00:26:32", "start": "00:26:27", "text": "right? Every day is like the same day to"}, {"end": "00:26:37", "start": "00:26:30", "text": "me, so I can't even tell. But h I I"}, {"end": "00:26:37", "start": "00:26:32", "text": "forgot to say happy Friday. It's Friday."}, {"end": "00:26:53", "start": "00:26:50", "text": "I've been thinking about it for my"}, {"end": "00:26:56", "start": "00:26:51", "text": "sprinkler company. The details elude me"}, {"end": "00:26:59", "start": "00:26:53", "text": "a bit. What details would you like to"}, {"end": "00:26:59", "start": "00:26:56", "text": "know?"}, {"end": "00:27:03", "start": "00:26:59", "text": "You should talk to a cryptozombie. He"}, {"end": "00:27:05", "start": "00:27:01", "text": "He's always AFK. He doesn't really"}, {"end": "00:27:07", "start": "00:27:03", "text": "respond. He doesn't do videos"}, {"end": "00:27:10", "start": "00:27:05", "text": "consistently."}, {"end": "00:27:12", "start": "00:27:07", "text": "Uh but he's a nice guy."}, {"end": "00:27:14", "start": "00:27:10", "text": "I got some wild stories about him that"}, {"end": "00:27:17", "start": "00:27:12", "text": "I'm not going to share. We've hung out a"}, {"end": "00:27:20", "start": "00:27:14", "text": "few times. Um, but he doesn't he's"}, {"end": "00:27:23", "start": "00:27:17", "text": "always AFK. He like never answers his"}, {"end": "00:27:23", "start": "00:27:20", "text": "DMs."}, {"end": "00:27:44", "start": "00:27:40", "text": "A lot of creators"}, {"end": "00:27:48", "start": "00:27:42", "text": "are afraid of launching their own token"}, {"end": "00:27:50", "start": "00:27:44", "text": "because because all the all the other"}, {"end": "00:27:53", "start": "00:27:48", "text": "ones that have died and they don't want"}, {"end": "00:27:54", "start": "00:27:50", "text": "that bad rep and that's because they're"}, {"end": "00:27:57", "start": "00:27:53", "text": "just not willing to work for it. They"}, {"end": "00:27:59", "start": "00:27:54", "text": "don't want to keep supporting it, right?"}, {"end": "00:28:01", "start": "00:27:57", "text": "They just want to do their thing as a"}, {"end": "00:28:03", "start": "00:27:59", "text": "creator and that's it. And I understand"}, {"end": "00:28:06", "start": "00:28:01", "text": "that. But"}, {"end": "00:28:08", "start": "00:28:03", "text": "it's not as negative as people once"}, {"end": "00:28:09", "start": "00:28:06", "text": "perceived."}, {"end": "00:28:12", "start": "00:28:08", "text": "the negative connotation. As long as"}, {"end": "00:28:14", "start": "00:28:09", "text": "you're not plan on rugging"}, {"end": "00:28:16", "start": "00:28:12", "text": "and you plan on supporting the Tokyo"}, {"end": "00:28:19", "start": "00:28:14", "text": "launch, I don't see anything wrong with"}, {"end": "00:28:22", "start": "00:28:16", "text": "that. Nothing wrong with that."}, {"end": "00:28:25", "start": "00:28:19", "text": "And that's Clashpad is designed to do"}, {"end": "00:28:27", "start": "00:28:22", "text": "that to reward actually holders"}, {"end": "00:28:29", "start": "00:28:25", "text": "get rewarded in the soul or the token"}, {"end": "00:28:33", "start": "00:28:27", "text": "that you're holding."}, {"end": "00:28:33", "start": "00:28:29", "text": "You know what's better than that?"}, {"end": "00:29:05", "start": "00:29:00", "text": "Shane, don't ask stupid questions. Okay."}, {"end": "00:29:08", "start": "00:29:02", "text": "And it didn't crash 40%. You're on the"}, {"end": "00:29:08", "start": "00:29:05", "text": "verge of being banned."}, {"end": "00:29:15", "start": "00:29:10", "text": "So Josh just sent me this"}, {"end": "00:29:21", "start": "00:29:16", "text": "Ledger is investigating reports of loss"}, {"end": "00:29:23", "start": "00:29:18", "text": "funds from users in the souththeast Asia"}, {"end": "00:29:26", "start": "00:29:21", "text": "who purchased products from a reseller"}, {"end": "00:29:29", "start": "00:29:23", "text": "called Crypto Billies."}, {"end": "00:29:33", "start": "00:29:26", "text": "As a precaution and appending results of"}, {"end": "00:29:35", "start": "00:29:29", "text": "our investigation, we asked"}, {"end": "00:29:39", "start": "00:29:33", "text": "Crypto Bills or Billies, I don't know."}, {"end": "00:29:41", "start": "00:29:35", "text": "He's they spelled it wrong. So, this guy"}, {"end": "00:29:44", "start": "00:29:39", "text": "probably"}, {"end": "00:29:46", "start": "00:29:41", "text": "inserted some hack"}, {"end": "00:29:49", "start": "00:29:44", "text": "or some back door in the ledgers that he"}, {"end": "00:29:50", "start": "00:29:46", "text": "has sold."}, {"end": "00:29:52", "start": "00:29:49", "text": "So,"}, {"end": "00:29:55", "start": "00:29:50", "text": "I don't know if any of you guys"}, {"end": "00:29:58", "start": "00:29:52", "text": "purchased from this guy."}, {"end": "00:30:00", "start": "00:29:55", "text": "Uh"}, {"end": "00:30:05", "start": "00:29:58", "text": "he must be so big that Ledger knows"}, {"end": "00:30:05", "start": "00:30:00", "text": "about him as a as a reseller."}, {"end": "00:30:28", "start": "00:30:23", "text": "Stephen, if that's really true, then get"}, {"end": "00:30:30", "start": "00:30:25", "text": "in Discord and share what it is and I'll"}, {"end": "00:30:32", "start": "00:30:28", "text": "investigate."}, {"end": "00:30:35", "start": "00:30:30", "text": "It could be because it's just so new it"}, {"end": "00:30:35", "start": "00:30:32", "text": "hasn't showed up."}, {"end": "00:30:45", "start": "00:30:41", "text": "Raleigh, if I create a coin and I'm not"}, {"end": "00:30:46", "start": "00:30:43", "text": "going to develop or promote it for a few"}, {"end": "00:30:48", "start": "00:30:45", "text": "months from now, is that a problem? It's"}, {"end": "00:30:49", "start": "00:30:46", "text": "not a problem. It just doesn't do"}, {"end": "00:30:51", "start": "00:30:48", "text": "anything. Why would you do that? Why"}, {"end": "00:30:53", "start": "00:30:49", "text": "would you not just wait a few months"}, {"end": "00:30:54", "start": "00:30:51", "text": "then?"}, {"end": "00:30:56", "start": "00:30:53", "text": "Launch it when you're actually ready to"}, {"end": "00:30:58", "start": "00:30:54", "text": "do it. Otherwise, it's not going to"}, {"end": "00:31:02", "start": "00:30:56", "text": "recover if people see that you it's a"}, {"end": "00:31:05", "start": "00:30:58", "text": "dead coin for months. What's the what's"}, {"end": "00:31:05", "start": "00:31:02", "text": "the point?"}, {"end": "00:31:25", "start": "00:31:20", "text": "Yeah, I I don't even know. I mean, like,"}, {"end": "00:31:27", "start": "00:31:22", "text": "why would people be purchasing this guy?"}, {"end": "00:31:29", "start": "00:31:25", "text": "Why would you not buy directly from"}, {"end": "00:31:33", "start": "00:31:27", "text": "Ledger?"}, {"end": "00:31:33", "start": "00:31:29", "text": "This seems kind of weird."}, {"end": "00:31:37", "start": "00:31:34", "text": "It showed up in my Phantom W and then it"}, {"end": "00:31:39", "start": "00:31:36", "text": "was gone. Probably hidden because"}, {"end": "00:31:41", "start": "00:31:37", "text": "there's no"}, {"end": "00:31:43", "start": "00:31:39", "text": "Phantom wallet thinks all these new"}, {"end": "00:31:45", "start": "00:31:41", "text": "coins could be spam coins and if there's"}, {"end": "00:31:49", "start": "00:31:43", "text": "no activity, it hides it. You just had"}, {"end": "00:31:49", "start": "00:31:45", "text": "to unhide it from Phantom."}, {"end": "00:31:55", "start": "00:31:50", "text": "When's the next time we drink Blue Label"}, {"end": "00:31:57", "start": "00:31:53", "text": "Clash hitting a 100 million new"}, {"end": "00:32:01", "start": "00:31:55", "text": "milestone"}, {"end": "00:32:04", "start": "00:31:57", "text": "CWD or or FPS hitting a 100 million"}, {"end": "00:32:07", "start": "00:32:01", "text": "which could be very done very easily."}, {"end": "00:32:10", "start": "00:32:04", "text": "There's not a lot of liquidity in those"}, {"end": "00:32:13", "start": "00:32:07", "text": "LPS. They could skyrocket like crazy all"}, {"end": "00:32:13", "start": "00:32:10", "text": "of them."}, {"end": "00:33:02", "start": "00:32:59", "text": "What do you think about Ripple?"}, {"end": "00:33:04", "start": "00:33:01", "text": ">> Well, I mean, I think it's too"}, {"end": "00:33:06", "start": "00:33:02", "text": "centralized, but I definitely want to"}, {"end": "00:33:09", "start": "00:33:04", "text": "meet Chris Larson."}, {"end": "00:33:09", "start": "00:33:06", "text": ">> Uhoh."}, {"end": "00:33:20", "start": "00:33:13", "text": ">> Oh, man. Now, now I've done it."}, {"end": "00:33:24", "start": "00:33:17", "text": "Now I've done it. Now the XRP guys are"}, {"end": "00:33:24", "start": "00:33:20", "text": "going to be going nuts."}, {"end": "00:33:39", "start": "00:33:35", "text": "Jeremy, welcome. Good."}, {"end": "00:33:51", "start": "00:33:45", "text": "That wasn't supposed to happen. I don't"}, {"end": "00:33:51", "start": "00:33:47", "text": "know how that started playing."}, {"end": "00:34:05", "start": "00:34:00", "text": "I swear that was not intentional."}, {"end": "00:34:13", "start": "00:34:08", "text": "Stephen, do you ask about the LC500"}, {"end": "00:34:14", "start": "00:34:10", "text": "every single stream? Like I I feel like"}, {"end": "00:34:18", "start": "00:34:13", "text": "there's only one person that asks about"}, {"end": "00:34:21", "start": "00:34:14", "text": "it every stream and it's you."}, {"end": "00:34:23", "start": "00:34:18", "text": "No, I haven't been riding it. I rode it"}, {"end": "00:34:25", "start": "00:34:21", "text": "like four times this year, so no, I have"}, {"end": "00:34:27", "start": "00:34:23", "text": "not been enjoying it. The only thing I"}, {"end": "00:34:31", "start": "00:34:25", "text": "enjoy really about it is looking at it"}, {"end": "00:34:31", "start": "00:34:27", "text": "and seeing the price go up."}, {"end": "00:34:56", "start": "00:34:49", "text": "ASDX FA maybe as incentive to creators."}, {"end": "00:34:58", "start": "00:34:53", "text": "Crater ones which highest volume or"}, {"end": "00:35:00", "start": "00:34:56", "text": "fastest graduate the creator gets"}, {"end": "00:35:02", "start": "00:34:58", "text": "rewarded. You get rewarded because you"}, {"end": "00:35:04", "start": "00:35:00", "text": "get a first buy first of all, which is"}, {"end": "00:35:07", "start": "00:35:02", "text": "massive already, right? Even though"}, {"end": "00:35:09", "start": "00:35:04", "text": "there's a fee for the first buy, but it"}, {"end": "00:35:12", "start": "00:35:07", "text": "gives you a huge advantage because"}, {"end": "00:35:14", "start": "00:35:09", "text": "you're buying the coin at like sub"}, {"end": "00:35:16", "start": "00:35:12", "text": "there's no market cap. You're getting a"}, {"end": "00:35:19", "start": "00:35:14", "text": "huge amount. So, you don't need any more"}, {"end": "00:35:20", "start": "00:35:16", "text": "of that. You go get a large percentage"}, {"end": "00:35:22", "start": "00:35:19", "text": "of the supply, which means that you're"}, {"end": "00:35:25", "start": "00:35:20", "text": "going to get a large percentage of the"}, {"end": "00:35:27", "start": "00:35:22", "text": "rewards overall already."}, {"end": "00:35:29", "start": "00:35:25", "text": "Most of the launchpads out there only"}, {"end": "00:35:31", "start": "00:35:27", "text": "reward the creators. So what incentive"}, {"end": "00:35:34", "start": "00:35:29", "text": "is there for them"}, {"end": "00:35:36", "start": "00:35:31", "text": "to keep it going after they have made"}, {"end": "00:35:41", "start": "00:35:34", "text": "all their rewards they just leave that's"}, {"end": "00:35:44", "start": "00:35:36", "text": "it that's why so many people get rugged"}, {"end": "00:35:46", "start": "00:35:41", "text": "right so"}, {"end": "00:35:49", "start": "00:35:44", "text": "this way not only the creators get"}, {"end": "00:35:51", "start": "00:35:46", "text": "rewarded but the whole community get"}, {"end": "00:35:53", "start": "00:35:49", "text": "rewarded. So that's why it's a different"}, {"end": "00:35:56", "start": "00:35:51", "text": "system and people have thanked me"}, {"end": "00:35:58", "start": "00:35:53", "text": "because there there's no better like"}, {"end": "00:36:01", "start": "00:35:56", "text": "payout at this point. There is nothing"}, {"end": "00:36:03", "start": "00:35:58", "text": "out there is better. So especially well"}, {"end": "00:36:05", "start": "00:36:01", "text": "CWD was holding very well around 2"}, {"end": "00:36:07", "start": "00:36:03", "text": "million and a lot of people sold off for"}, {"end": "00:36:09", "start": "00:36:05", "text": "FPS but I expected to go back to 2"}, {"end": "00:36:12", "start": "00:36:07", "text": "million and FPS probably getting 2"}, {"end": "00:36:16", "start": "00:36:09", "text": "million too. But once these level out,"}, {"end": "00:36:16", "start": "00:36:12", "text": "you're just getting recurring"}, {"end": "00:36:22", "start": "00:36:16", "text": "yield, recurring rewards because all the"}, {"end": "00:36:24", "start": "00:36:19", "text": "bots love to trade them. The bots keep"}, {"end": "00:36:28", "start": "00:36:22", "text": "trading and that's where all the rewards"}, {"end": "00:36:28", "start": "00:36:24", "text": "come from. So,"}, {"end": "00:37:29", "start": "00:37:25", "text": "Oh yeah, it's not 917 almost to a"}, {"end": "00:37:32", "start": "00:37:27", "text": "million."}, {"end": "00:37:36", "start": "00:37:29", "text": "The demand is so high actually there's"}, {"end": "00:37:38", "start": "00:37:32", "text": "like a backlog of soul rewards for FPS"}, {"end": "00:37:40", "start": "00:37:36", "text": "and CWD."}, {"end": "00:37:43", "start": "00:37:38", "text": "Uh so we we have programs so it can only"}, {"end": "00:37:47", "start": "00:37:40", "text": "sell a certain amount per day and per"}, {"end": "00:37:50", "start": "00:37:43", "text": "hour to give out as a rewards. So demand"}, {"end": "00:37:53", "start": "00:37:47", "text": "and volume are so high on both"}, {"end": "00:37:57", "start": "00:37:50", "text": "especially with FPS there are actually a"}, {"end": "00:37:59", "start": "00:37:53", "text": "ton a ton of rewards waiting to be"}, {"end": "00:38:03", "start": "00:37:57", "text": "distributed. It may take a while before"}, {"end": "00:38:05", "start": "00:37:59", "text": "it catches up. So, just just so people"}, {"end": "00:38:10", "start": "00:38:03", "text": "know, there are a lot of rewards coming"}, {"end": "00:38:10", "start": "00:38:05", "text": "from both for CWD and FPS"}, {"end": "00:38:21", "start": "00:38:16", "text": "and everyone else. I know there's a lot"}, {"end": "00:38:24", "start": "00:38:18", "text": "of creators also. I've talked about"}, {"end": "00:38:27", "start": "00:38:21", "text": "Baggie. She's doing all she can to"}, {"end": "00:38:30", "start": "00:38:24", "text": "promote uh doing well."}, {"end": "00:38:32", "start": "00:38:27", "text": "You know, Potcoin"}, {"end": "00:38:34", "start": "00:38:30", "text": "is doing well. Jorge is doing well."}, {"end": "00:38:36", "start": "00:38:32", "text": "They're holding, right? They're not"}, {"end": "00:38:38", "start": "00:38:34", "text": "going up and down. They're holding, but"}, {"end": "00:38:40", "start": "00:38:36", "text": "you're just getting rewarded for holding"}, {"end": "00:38:45", "start": "00:38:38", "text": "them. You know, almost seven soul here,"}, {"end": "00:38:47", "start": "00:38:40", "text": "11 soul here. Alberto at nine soul here."}, {"end": "00:38:49", "start": "00:38:45", "text": "A lot of these, even though they may not"}, {"end": "00:38:53", "start": "00:38:47", "text": "be moving, you just hold it and you're"}, {"end": "00:38:56", "start": "00:38:49", "text": "getting soul back or the coin back. Like"}, {"end": "00:38:58", "start": "00:38:53", "text": "total, you know what? There there's no"}, {"end": "00:39:00", "start": "00:38:56", "text": "one else. There's no other launchpad"}, {"end": "00:39:04", "start": "00:38:58", "text": "where you launch something and it's at"}, {"end": "00:39:06", "start": "00:39:00", "text": "like 6K market cap and it has paid out"}, {"end": "00:39:09", "start": "00:39:04", "text": "six soul to holder. It it just doesn't"}, {"end": "00:39:11", "start": "00:39:06", "text": "exist. Nothing else out there has"}, {"end": "00:39:13", "start": "00:39:09", "text": "something like this. There are other"}, {"end": "00:39:18", "start": "00:39:11", "text": "systems that do reward sharing, but it's"}, {"end": "00:39:18", "start": "00:39:13", "text": "just not as done the same way as us."}, {"end": "00:39:26", "start": "00:39:19", "text": "It's pretty incredible. GG also"}, {"end": "00:39:30", "start": "00:39:23", "text": "doing well. 44K market cap going up"}, {"end": "00:39:30", "start": "00:39:26", "text": "already. 15 soul rewarded"}, {"end": "00:40:16", "start": "00:40:10", "text": "All right, guys. I'll get to it. Back at"}, {"end": "00:40:22", "start": "00:40:14", "text": "it."}, {"end": "00:40:25", "start": "00:40:16", "text": "So, today is just like uh you know,"}, {"end": "00:40:26", "start": "00:40:22", "text": "sideways day. Not good, not bad. We're a"}, {"end": "00:40:28", "start": "00:40:25", "text": "little bit better than yesterday when we"}, {"end": "00:40:33", "start": "00:40:26", "text": "found 80."}, {"end": "00:40:36", "start": "00:40:28", "text": "We got cleared out, wiped out"}, {"end": "00:40:39", "start": "00:40:33", "text": "$1 billion dollars worth. But you know"}, {"end": "00:40:42", "start": "00:40:36", "text": "what?"}, {"end": "00:40:44", "start": "00:40:39", "text": "Continue to hold off DCA."}, {"end": "00:40:47", "start": "00:40:42", "text": "Hang on to your Clash. Hang on to your"}, {"end": "00:40:51", "start": "00:40:44", "text": "CDW."}, {"end": "00:40:52", "start": "00:40:47", "text": "No, not CDW. CW, CWD. Hang on to your"}, {"end": "00:40:55", "start": "00:40:51", "text": "FPS."}, {"end": "00:40:59", "start": "00:40:52", "text": "You will be rewarded."}, {"end": "00:41:00", "start": "00:40:55", "text": "Better days are coming for sure. So, all"}, {"end": "00:41:03", "start": "00:40:59", "text": "right guys, have a good rest of your"}, {"end": "00:41:05", "start": "00:41:00", "text": "Friday and weekend and I'll see you guys"}, {"end": "00:41:05", "start": "00:41:03", "text": "later."}]

[{"end": "00:00:08", "start": "00:00:03", "text": "Welcome back."}, {"end": "00:00:11", "start": "00:00:05", "text": "The Cryptos R Us, I'm George."}, {"end": "00:00:13", "start": "00:00:08", "text": "We're all George. Welcome to another"}, {"end": "00:00:15", "start": "00:00:11", "text": "market open stream. Unfortunately, today"}, {"end": "00:00:16", "start": "00:00:13", "text": "we're looking"}, {"end": "00:00:19", "start": "00:00:15", "text": "red."}, {"end": "00:00:22", "start": "00:00:16", "text": "There is a sell-off."}, {"end": "00:00:27", "start": "00:00:19", "text": "Oil and bonds"}, {"end": "00:00:29", "start": "00:00:22", "text": "not doing so well. So, let's talk about"}, {"end": "00:00:33", "start": "00:00:27", "text": "what's going on,"}, {"end": "00:00:35", "start": "00:00:29", "text": "why Bitcoin dipped slightly,"}, {"end": "00:00:39", "start": "00:00:33", "text": "and"}, {"end": "00:00:39", "start": "00:00:35", "text": "what you should do about it. All right."}, {"end": "00:00:45", "start": "00:00:39", "text": "Let's do it, guys. Let's do it. Welcome."}, {"end": "00:00:49", "start": "00:00:42", "text": "Welcome. Welcome."}, {"end": "00:00:52", "start": "00:00:45", "text": "We are starting out right under 83,"}, {"end": "00:00:55", "start": "00:00:49", "text": "right around 82.4. So, not too bad."}, {"end": "00:00:57", "start": "00:00:52", "text": "I mean, actually roughly exactly same"}, {"end": "00:00:59", "start": "00:00:55", "text": "point as yesterday. Maybe slightly"}, {"end": "00:01:02", "start": "00:00:57", "text": "lower, but the alts look like they're"}, {"end": "00:01:03", "start": "00:00:59", "text": "exactly the same as yesterday."}, {"end": "00:01:06", "start": "00:01:02", "text": "Obviously,"}, {"end": "00:01:08", "start": "00:01:03", "text": "not above 87,"}, {"end": "00:01:09", "start": "00:01:06", "text": "but"}, {"end": "00:01:14", "start": "00:01:08", "text": "we're still going sideways, still"}, {"end": "00:01:16", "start": "00:01:09", "text": "trending sideways. We're down slightly."}, {"end": "00:01:18", "start": "00:01:14", "text": "And uh this is what it's looking like"}, {"end": "00:01:19", "start": "00:01:16", "text": "right now, right?"}, {"end": "00:01:21", "start": "00:01:18", "text": "Just slight."}, {"end": "00:01:24", "start": "00:01:19", "text": "If you look at the last 7 days,"}, {"end": "00:01:25", "start": "00:01:21", "text": "yeah, like Bitcoin hardly moved last 7"}, {"end": "00:01:28", "start": "00:01:24", "text": "days. See, this puts things in"}, {"end": "00:01:31", "start": "00:01:25", "text": "perspective. Okay? If you're worried,"}, {"end": "00:01:34", "start": "00:01:28", "text": "you go back a week, we're down less than"}, {"end": "00:01:36", "start": "00:01:31", "text": "2%. Now, some of the alts like ETH and"}, {"end": "00:01:38", "start": "00:01:34", "text": "XRP and SOL down a little bit more."}, {"end": "00:01:39", "start": "00:01:36", "text": "Okay?"}, {"end": "00:01:43", "start": "00:01:38", "text": "But,"}, {"end": "00:01:45", "start": "00:01:39", "text": "expand your time horizon to 30 days and"}, {"end": "00:01:48", "start": "00:01:43", "text": "look, it's"}, {"end": "00:01:51", "start": "00:01:45", "text": "quite healthy, quite green. So, not all"}, {"end": "00:01:54", "start": "00:01:48", "text": "is lost."}, {"end": "00:01:55", "start": "00:01:51", "text": "It's not that scary."}, {"end": "00:01:57", "start": "00:01:54", "text": "So,"}, {"end": "00:02:01", "start": "00:01:55", "text": "to to things in perspective. But, today"}, {"end": "00:02:04", "start": "00:01:57", "text": "we are opening up in the red."}, {"end": "00:02:05", "start": "00:02:01", "text": "Dow, Nasdaq, S&P all red following"}, {"end": "00:02:06", "start": "00:02:04", "text": "yesterday. Yesterday was pretty red,"}, {"end": "00:02:10", "start": "00:02:05", "text": "too."}, {"end": "00:02:11", "start": "00:02:06", "text": "And uh two reasons."}, {"end": "00:02:13", "start": "00:02:10", "text": "Well,"}, {"end": "00:02:14", "start": "00:02:11", "text": "we had the Fed minutes come out"}, {"end": "00:02:19", "start": "00:02:13", "text": "yesterday."}, {"end": "00:02:21", "start": "00:02:14", "text": "No biggie, not not a surprise."}, {"end": "00:02:23", "start": "00:02:19", "text": "But, we already know that the Fed and"}, {"end": "00:02:25", "start": "00:02:21", "text": "war should announce that they want one"}, {"end": "00:02:26", "start": "00:02:23", "text": "more rate hike."}, {"end": "00:02:28", "start": "00:02:25", "text": "Right?"}, {"end": "00:02:30", "start": "00:02:26", "text": "So, that's basically what it said."}, {"end": "00:02:33", "start": "00:02:28", "text": "There's going to be one more rate hike."}, {"end": "00:02:35", "start": "00:02:30", "text": "Okay. Um"}, {"end": "00:02:37", "start": "00:02:33", "text": "So, that there's only two more FOMC"}, {"end": "00:02:39", "start": "00:02:35", "text": "meetings. There's one later this month"}, {"end": "00:02:42", "start": "00:02:37", "text": "and then one in December, right? So,"}, {"end": "00:02:45", "start": "00:02:39", "text": "right now still, despite everything,"}, {"end": "00:02:47", "start": "00:02:42", "text": "81% chance there's not going to be a"}, {"end": "00:02:50", "start": "00:02:45", "text": "rate hike this month unless something"}, {"end": "00:02:51", "start": "00:02:47", "text": "very very very very dramatic happens."}, {"end": "00:02:53", "start": "00:02:50", "text": "That's not going to change. And then"}, {"end": "00:02:54", "start": "00:02:51", "text": "most likely we will get that in"}, {"end": "00:02:57", "start": "00:02:53", "text": "December. That's what the Fed minutes"}, {"end": "00:02:59", "start": "00:02:54", "text": "say. Hey, who knows? It may change."}, {"end": "00:03:00", "start": "00:02:57", "text": "Maybe we don't get a rate hike at all"}, {"end": "00:03:02", "start": "00:02:59", "text": "this year."}, {"end": "00:03:05", "start": "00:03:00", "text": "Who knows?"}, {"end": "00:03:06", "start": "00:03:02", "text": "So, that's what happened."}, {"end": "00:03:09", "start": "00:03:05", "text": "But, also"}, {"end": "00:03:12", "start": "00:03:06", "text": "this is happening."}, {"end": "00:03:15", "start": "00:03:09", "text": "Trump says he doesn't want a deal"}, {"end": "00:03:17", "start": "00:03:12", "text": "anymore as he's preparing for massive"}, {"end": "00:03:20", "start": "00:03:15", "text": "bombings."}, {"end": "00:03:20", "start": "00:03:17", "text": "So,"}, {"end": "00:03:26", "start": "00:03:20", "text": "you know,"}, {"end": "00:03:26", "start": "00:03:22", "text": "is this another negotiating"}, {"end": "00:03:33", "start": "00:03:27", "text": "tactic or I I don't know, right? So,"}, {"end": "00:03:37", "start": "00:03:30", "text": "this has markets spooked because"}, {"end": "00:03:41", "start": "00:03:33", "text": "obviously a long a prolonged war is"}, {"end": "00:03:43", "start": "00:03:37", "text": "going to cause inflation."}, {"end": "00:03:44", "start": "00:03:41", "text": "Oil"}, {"end": "00:03:47", "start": "00:03:43", "text": "will go up."}, {"end": "00:03:49", "start": "00:03:44", "text": "And it is. Oil is rallying. That's not"}, {"end": "00:03:51", "start": "00:03:47", "text": "one that we want to rally, right? We"}, {"end": "00:03:53", "start": "00:03:49", "text": "want assets to rally, we want Bitcoin to"}, {"end": "00:03:55", "start": "00:03:51", "text": "rally, we want stocks rally. We don't"}, {"end": "00:03:57", "start": "00:03:53", "text": "actually want oil to rally, but that's"}, {"end": "00:04:00", "start": "00:03:55", "text": "what's happening right now."}, {"end": "00:04:03", "start": "00:03:57", "text": "That causes high inflation and plus we"}, {"end": "00:04:05", "start": "00:04:00", "text": "have high bond rates"}, {"end": "00:04:07", "start": "00:04:03", "text": "which is no good. Again, something that"}, {"end": "00:04:10", "start": "00:04:05", "text": "you something else you don't want to"}, {"end": "00:04:10", "start": "00:04:07", "text": "rally is bond rates."}, {"end": "00:04:13", "start": "00:04:10", "text": ">> [laughter]"}, {"end": "00:04:15", "start": "00:04:10", "text": ">> That that's bad. When oil and bonds both"}, {"end": "00:04:18", "start": "00:04:13", "text": "go up"}, {"end": "00:04:18", "start": "00:04:15", "text": "is no good."}, {"end": "00:04:23", "start": "00:04:20", "text": "All right."}, {"end": "00:04:26", "start": "00:04:21", "text": "So, inflation fears"}, {"end": "00:04:28", "start": "00:04:23", "text": "are rising once again."}, {"end": "00:04:30", "start": "00:04:26", "text": "That's what's causing the tension right"}, {"end": "00:04:33", "start": "00:04:28", "text": "now. What's causing the"}, {"end": "00:04:36", "start": "00:04:30", "text": "the the flood right now, right? But, if"}, {"end": "00:04:37", "start": "00:04:33", "text": "you look at it despite all this, it"}, {"end": "00:04:39", "start": "00:04:36", "text": "looks like we're not going to get rate"}, {"end": "00:04:42", "start": "00:04:37", "text": "hike this month."}, {"end": "00:04:44", "start": "00:04:39", "text": "Bitcoin is still going sideways and"}, {"end": "00:04:46", "start": "00:04:42", "text": "really haven't moved if you go back a"}, {"end": "00:04:48", "start": "00:04:44", "text": "week. So,"}, {"end": "00:04:51", "start": "00:04:46", "text": "despite all the scaryness"}, {"end": "00:04:55", "start": "00:04:48", "text": "it's not that scary."}, {"end": "00:04:58", "start": "00:04:51", "text": "Now, it can get scary again, but we are"}, {"end": "00:04:58", "start": "00:04:55", "text": "on the uprise."}, {"end": "00:05:03", "start": "00:04:59", "text": "And I don't think that's going to"}, {"end": "00:05:05", "start": "00:05:01", "text": "change."}, {"end": "00:05:07", "start": "00:05:03", "text": "We'll see."}, {"end": "00:05:10", "start": "00:05:05", "text": "We'll see."}, {"end": "00:05:14", "start": "00:05:07", "text": "Yesterday was not a good day for"}, {"end": "00:05:17", "start": "00:05:10", "text": "for ETFs. We had a pretty big almost"}, {"end": "00:05:19", "start": "00:05:14", "text": "$500 million outflow."}, {"end": "00:05:20", "start": "00:05:17", "text": "So, obviously you do have some investors"}, {"end": "00:05:21", "start": "00:05:19", "text": "that's"}, {"end": "00:05:23", "start": "00:05:20", "text": "scared."}, {"end": "00:05:25", "start": "00:05:21", "text": "They haven't seen it."}, {"end": "00:05:27", "start": "00:05:23", "text": "But, that that's that's that's a lie"}, {"end": "00:05:31", "start": "00:05:25", "text": "because obviously they have seen it. We"}, {"end": "00:05:33", "start": "00:05:27", "text": "just We just saw it. We had a 6-month"}, {"end": "00:05:37", "start": "00:05:31", "text": "period of"}, {"end": "00:05:40", "start": "00:05:33", "text": "downs and outflows. So, obviously"}, {"end": "00:05:41", "start": "00:05:37", "text": "uh"}, {"end": "00:05:44", "start": "00:05:40", "text": "there are some people that just ignored"}, {"end": "00:05:46", "start": "00:05:41", "text": "that and"}, {"end": "00:05:47", "start": "00:05:44", "text": "they're just falling for emotions,"}, {"end": "00:05:49", "start": "00:05:46", "text": "right?"}, {"end": "00:05:52", "start": "00:05:47", "text": "So, yeah, yesterday was not good. Uh"}, {"end": "00:05:56", "start": "00:05:49", "text": "minus 160 million for ETH, minus 5"}, {"end": "00:06:00", "start": "00:05:52", "text": "million for SOL, minus 0 for XRP."}, {"end": "00:06:04", "start": "00:05:56", "text": "Okay, but overall, let's not forget."}, {"end": "00:06:07", "start": "00:06:00", "text": "Uh last 30 days, plus 3.62 billion. Last"}, {"end": "00:06:10", "start": "00:06:04", "text": "90 days, 6.14 billion."}, {"end": "00:06:11", "start": "00:06:07", "text": "We came back strong. All the ETF that"}, {"end": "00:06:14", "start": "00:06:10", "text": "left"}, {"end": "00:06:17", "start": "00:06:11", "text": "for Bitcoin, ETH, SOL that left during"}, {"end": "00:06:18", "start": "00:06:14", "text": "crypto winter came back"}, {"end": "00:06:21", "start": "00:06:17", "text": "already."}, {"end": "00:06:22", "start": "00:06:18", "text": "So,"}, {"end": "00:06:25", "start": "00:06:21", "text": "think about that. So, liquidity"}, {"end": "00:06:26", "start": "00:06:22", "text": "definitely is coming back."}, {"end": "00:06:28", "start": "00:06:25", "text": "But, you're going to have days like"}, {"end": "00:06:31", "start": "00:06:26", "text": "yesterday and possibly today where Wall"}, {"end": "00:06:34", "start": "00:06:28", "text": "Street and funds or whatever, they get"}, {"end": "00:06:36", "start": "00:06:31", "text": "scared, they react,"}, {"end": "00:06:39", "start": "00:06:34", "text": "and then they sell off along with"}, {"end": "00:06:40", "start": "00:06:36", "text": "everyone else, right? It happens all the"}, {"end": "00:06:41", "start": "00:06:39", "text": "time."}, {"end": "00:06:43", "start": "00:06:40", "text": "And this unfortunately happens all the"}, {"end": "00:06:47", "start": "00:06:41", "text": "time. Yesterday, we had like almost a"}, {"end": "00:06:49", "start": "00:06:43", "text": "$500 million wrecked day. Today,"}, {"end": "00:06:52", "start": "00:06:47", "text": "pretty close, 413 million wrecked."}, {"end": "00:06:55", "start": "00:06:49", "text": "Mostly on the long side. Again,"}, {"end": "00:06:57", "start": "00:06:52", "text": "too much leverage going on. From"}, {"end": "00:06:59", "start": "00:06:55", "text": "yesterday to today, Bitcoin didn't even"}, {"end": "00:07:01", "start": "00:06:57", "text": "fall more than 2%."}, {"end": "00:07:04", "start": "00:06:59", "text": "So, for another 400 million to be"}, {"end": "00:07:06", "start": "00:07:01", "text": "liquidated, I mean, just think about"}, {"end": "00:07:08", "start": "00:07:04", "text": "Think about it. That means most people"}, {"end": "00:07:12", "start": "00:07:06", "text": "that got liquidated are playing with"}, {"end": "00:07:12", "start": "00:07:08", "text": "like a 40x, 50x leverage."}, {"end": "00:07:16", "start": "00:07:12", "text": "Or above."}, {"end": "00:07:18", "start": "00:07:14", "text": "It's quite insane."}, {"end": "00:07:20", "start": "00:07:16", "text": "And this doesn't help things. If we"}, {"end": "00:07:24", "start": "00:07:18", "text": "didn't have all these liquidations,"}, {"end": "00:07:27", "start": "00:07:20", "text": "I bet we hardly move. I mean, really,"}, {"end": "00:07:29", "start": "00:07:24", "text": "what keeps us in range normally,"}, {"end": "00:07:31", "start": "00:07:27", "text": "I think it's just all the liquidations"}, {"end": "00:07:33", "start": "00:07:29", "text": "that that happen and all the levels that"}, {"end": "00:07:35", "start": "00:07:31", "text": "we see."}, {"end": "00:07:37", "start": "00:07:33", "text": "And we tend to see them go up and down."}, {"end": "00:07:40", "start": "00:07:35", "text": "The market makers move things to"}, {"end": "00:07:41", "start": "00:07:37", "text": "liquidate people."}, {"end": "00:07:43", "start": "00:07:40", "text": "They know where all the liquidation"}, {"end": "00:07:45", "start": "00:07:41", "text": "levels are."}, {"end": "00:07:47", "start": "00:07:43", "text": "and they have the firepower to make it"}, {"end": "00:07:50", "start": "00:07:45", "text": "happen."}, {"end": "00:07:52", "start": "00:07:47", "text": "Unfortunately, yeah, we had a big"}, {"end": "00:07:57", "start": "00:07:50", "text": "big liquidation day"}, {"end": "00:07:57", "start": "00:07:52", "text": "once again and the day just started."}, {"end": "00:08:03", "start": "00:07:59", "text": "Yep. Yep. Yep."}, {"end": "00:08:08", "start": "00:08:04", "text": "Unfortunately, yeah, it kind of puts a"}, {"end": "00:08:10", "start": "00:08:05", "text": "damper to our to our inflows, to the all"}, {"end": "00:08:13", "start": "00:08:08", "text": "the money coming in, right? But it is"}, {"end": "00:08:14", "start": "00:08:10", "text": "what happens. It always happens. All of"}, {"end": "00:08:16", "start": "00:08:13", "text": "you guys have been through enough"}, {"end": "00:08:18", "start": "00:08:14", "text": "cycles, even this cycle to know that we"}, {"end": "00:08:20", "start": "00:08:16", "text": "have up and downs."}, {"end": "00:08:23", "start": "00:08:18", "text": "We always do."}, {"end": "00:08:25", "start": "00:08:20", "text": "It's nothing new. Just don't fall for"}, {"end": "00:08:29", "start": "00:08:23", "text": "the same traps over and over and over"}, {"end": "00:08:30", "start": "00:08:25", "text": "again. Same thing. Right?"}, {"end": "00:08:32", "start": "00:08:29", "text": "One of the traps that people always fall"}, {"end": "00:08:34", "start": "00:08:30", "text": "for with liquidation is when when we"}, {"end": "00:08:36", "start": "00:08:32", "text": "start rallying, hey,"}, {"end": "00:08:39", "start": "00:08:34", "text": "start throwing that long"}, {"end": "00:08:42", "start": "00:08:36", "text": "on all your favorite assets. Let's just"}, {"end": "00:08:43", "start": "00:08:39", "text": "throw 10x, 20x. Try to make things back"}, {"end": "00:08:45", "start": "00:08:42", "text": "really fast. That That's one of the"}, {"end": "00:08:47", "start": "00:08:43", "text": "biggest mistakes. Um because you have"}, {"end": "00:08:49", "start": "00:08:45", "text": "days like this where you get wiped out"}, {"end": "00:08:52", "start": "00:08:47", "text": "if you play with like a"}, {"end": "00:08:55", "start": "00:08:49", "text": "20x leverage, right?"}, {"end": "00:08:58", "start": "00:08:52", "text": "So, bottom line, holdle,"}, {"end": "00:09:01", "start": "00:08:55", "text": "DCA, ignore the fud."}, {"end": "00:09:05", "start": "00:08:58", "text": "Don't make any"}, {"end": "00:09:05", "start": "00:09:01", "text": "sudden moves if you don't have to."}, {"end": "00:09:10", "start": "00:09:05", "text": "Uh this is saying that yeah, we're"}, {"end": "00:09:13", "start": "00:09:07", "text": "definitely shifted in the uptrend."}, {"end": "00:09:16", "start": "00:09:10", "text": "There's no doubt about it."}, {"end": "00:09:18", "start": "00:09:13", "text": "No doubt about it. Just like back in"}, {"end": "00:09:21", "start": "00:09:16", "text": "2022."}, {"end": "00:09:23", "start": "00:09:18", "text": "Okay? When the profit and loss"}, {"end": "00:09:24", "start": "00:09:21", "text": "percentages crossed,"}, {"end": "00:09:27", "start": "00:09:23", "text": "that's bottom."}, {"end": "00:09:30", "start": "00:09:24", "text": "That's crypto winter bottom."}, {"end": "00:09:34", "start": "00:09:27", "text": "And after they crossed back above,"}, {"end": "00:09:37", "start": "00:09:30", "text": "that was the end of crypto winter."}, {"end": "00:09:39", "start": "00:09:34", "text": "Just like now."}, {"end": "00:09:43", "start": "00:09:37", "text": "We kind of crossed paths a little bit"}, {"end": "00:09:45", "start": "00:09:39", "text": "back in June, July."}, {"end": "00:09:48", "start": "00:09:43", "text": "And then we deviated, when August,"}, {"end": "00:09:51", "start": "00:09:45", "text": "September rolled around."}, {"end": "00:09:54", "start": "00:09:48", "text": "So, that was our"}, {"end": "00:09:57", "start": "00:09:51", "text": "bottom for our crypto winter. No doubt"}, {"end": "00:09:57", "start": "00:09:54", "text": "about it."}, {"end": "00:10:03", "start": "00:09:57", "text": "In case"}, {"end": "00:10:04", "start": "00:09:59", "text": "any of you guys are still doubting that."}, {"end": "00:10:07", "start": "00:10:03", "text": "Yeah. And like I said, we're just going"}, {"end": "00:10:09", "start": "00:10:04", "text": "sideways right now."}, {"end": "00:10:12", "start": "00:10:07", "text": "We're going sideways. Obviously, the"}, {"end": "00:10:13", "start": "00:10:09", "text": "resistance is 87K."}, {"end": "00:10:16", "start": "00:10:12", "text": "We have not been able to break that."}, {"end": "00:10:20", "start": "00:10:13", "text": "Afterwards, 90K,"}, {"end": "00:10:23", "start": "00:10:16", "text": "93K. There's a lot of lot of"}, {"end": "00:10:23", "start": "00:10:20", "text": "resistance levels."}, {"end": "00:10:26", "start": "00:10:23", "text": "So,"}, {"end": "00:10:31", "start": "00:10:26", "text": "just got to have patience."}, {"end": "00:10:32", "start": "00:10:28", "text": "October is not over until it's over."}, {"end": "00:10:34", "start": "00:10:31", "text": "I've always said that. Last few years,"}, {"end": "00:10:36", "start": "00:10:32", "text": "same thing."}, {"end": "00:10:38", "start": "00:10:34", "text": "I think last year was the year where"}, {"end": "00:10:41", "start": "00:10:36", "text": "like the first 2 weeks was actually"}, {"end": "00:10:43", "start": "00:10:38", "text": "pretty bad. And then And then it got"}, {"end": "00:10:44", "start": "00:10:41", "text": "really good."}, {"end": "00:10:45", "start": "00:10:43", "text": "I don't know, it could be a repeat. Or"}, {"end": "00:10:46", "start": "00:10:44", "text": "maybe I'm thinking about the year"}, {"end": "00:10:49", "start": "00:10:45", "text": "before, but I'm pretty sure it was last"}, {"end": "00:10:49", "start": "00:10:46", "text": "year."}, {"end": "00:10:52", "start": "00:10:49", "text": "So,"}, {"end": "00:10:54", "start": "00:10:50", "text": "we will see."}, {"end": "00:10:56", "start": "00:10:52", "text": "Outside of that, I saw this. This is"}, {"end": "00:10:57", "start": "00:10:54", "text": "actually pretty big."}, {"end": "00:10:59", "start": "00:10:56", "text": "Samsung [snorts]"}, {"end": "00:11:03", "start": "00:10:57", "text": "is partnering up"}, {"end": "00:11:08", "start": "00:10:59", "text": "with Solana. So, now Samsung wallet will"}, {"end": "00:11:10", "start": "00:11:03", "text": "natively support USDC on Solana."}, {"end": "00:11:12", "start": "00:11:08", "text": "Beginning the last week of this"}, {"end": "00:11:14", "start": "00:11:10", "text": "month. That's"}, {"end": "00:11:17", "start": "00:11:12", "text": "pretty big."}, {"end": "00:11:19", "start": "00:11:14", "text": "Pretty big indeed. And I saw this. This"}, {"end": "00:11:23", "start": "00:11:17", "text": "is nothing to do with crypto, but in"}, {"end": "00:11:29", "start": "00:11:19", "text": "case you're wondering about Samsung,"}, {"end": "00:11:31", "start": "00:11:23", "text": "they just reported a record profit of 80"}, {"end": "00:11:36", "start": "00:11:29", "text": "billion dollars"}, {"end": "00:11:36", "start": "00:11:31", "text": "in a single freaking quarter."}, {"end": "00:11:40", "start": "00:11:36", "text": ">> [snorts]"}, {"end": "00:11:42", "start": "00:11:36", "text": ">> I saw this. I'm like, that has to be the"}, {"end": "00:11:46", "start": "00:11:40", "text": "one of the biggest"}, {"end": "00:11:48", "start": "00:11:42", "text": "quarter reports ever in history for any"}, {"end": "00:11:50", "start": "00:11:46", "text": "company."}, {"end": "00:11:53", "start": "00:11:48", "text": "So, in case some of you guys are"}, {"end": "00:11:56", "start": "00:11:50", "text": "wondering, oh, is the AI hype going to"}, {"end": "00:12:00", "start": "00:11:53", "text": "die down or is the bubble going to pop?"}, {"end": "00:12:02", "start": "00:11:56", "text": "Right? Maybe from valuation level, yes."}, {"end": "00:12:05", "start": "00:12:00", "text": "From P ratio, maybe some of these"}, {"end": "00:12:08", "start": "00:12:02", "text": "stocks, yes, but still seems quite low."}, {"end": "00:12:08", "start": "00:12:05", "text": "But, from"}, {"end": "00:12:12", "start": "00:12:08", "text": "from"}, {"end": "00:12:15", "start": "00:12:09", "text": "revenue standpoint, from a profit"}, {"end": "00:12:16", "start": "00:12:12", "text": "standpoint, these guys are making money"}, {"end": "00:12:18", "start": "00:12:15", "text": "hand over fist."}, {"end": "00:12:20", "start": "00:12:16", "text": "Okay, Samsung's one of the largest chip"}, {"end": "00:12:23", "start": "00:12:18", "text": "makers, one of the largest memory"}, {"end": "00:12:26", "start": "00:12:20", "text": "makers, and they are"}, {"end": "00:12:28", "start": "00:12:23", "text": "raking it in right now. 80 billion"}, {"end": "00:12:30", "start": "00:12:26", "text": "dollars in 3 months."}, {"end": "00:12:32", "start": "00:12:28", "text": "That's insane."}, {"end": "00:12:33", "start": "00:12:30", "text": "And think about all the Android phones"}, {"end": "00:12:37", "start": "00:12:32", "text": "out there and"}, {"end": "00:12:38", "start": "00:12:33", "text": "stuff like that. But, anyways, all that"}, {"end": "00:12:40", "start": "00:12:37", "text": "will have"}, {"end": "00:12:43", "start": "00:12:38", "text": "USBC"}, {"end": "00:12:45", "start": "00:12:40", "text": "support inside"}, {"end": "00:12:47", "start": "00:12:43", "text": "their wallet, which is absolutely"}, {"end": "00:12:48", "start": "00:12:45", "text": "fantastic."}, {"end": "00:12:50", "start": "00:12:47", "text": "All right."}, {"end": "00:12:52", "start": "00:12:48", "text": "What else is there? Uh I saw this."}, {"end": "00:12:54", "start": "00:12:50", "text": "Standard Chartered expands institutional"}, {"end": "00:12:58", "start": "00:12:52", "text": "crypto RWA. Standard Chartered very"}, {"end": "00:13:02", "start": "00:12:54", "text": "bullish on crypto, Bitcoin, all round."}, {"end": "00:13:04", "start": "00:12:58", "text": "Token 2049 just ended in Singapore."}, {"end": "00:13:06", "start": "00:13:02", "text": "Uh I don't know how it is. If any of you"}, {"end": "00:13:09", "start": "00:13:04", "text": "guys are there,"}, {"end": "00:13:12", "start": "00:13:06", "text": "uh I just know it's it's way too humid"}, {"end": "00:13:12", "start": "00:13:09", "text": "and hot there for me."}, {"end": "00:13:15", "start": "00:13:12", "text": "I intend to one more one year. I'm like,"}, {"end": "00:13:17", "start": "00:13:14", "text": "uh"}, {"end": "00:13:19", "start": "00:13:15", "text": "that's good enough for me."}, {"end": "00:13:22", "start": "00:13:17", "text": "And plus, the flight is just horrendous"}, {"end": "00:13:24", "start": "00:13:19", "text": "for me. It's like a 24-hour flight."}, {"end": "00:13:25", "start": "00:13:22", "text": "Um"}, {"end": "00:13:28", "start": "00:13:24", "text": "and then lastly, I saw this. This is"}, {"end": "00:13:31", "start": "00:13:25", "text": "This is a surprise."}, {"end": "00:13:31", "start": "00:13:28", "text": "Ripple ends"}, {"end": "00:13:39", "start": "00:13:33", "text": "XRP killer myth via Canton network"}, {"end": "00:13:41", "start": "00:13:37", "text": "support."}, {"end": "00:13:45", "start": "00:13:39", "text": "They're integrating Canton network to"}, {"end": "00:13:47", "start": "00:13:41", "text": "secure Wall Wall Street's RWA pipeline."}, {"end": "00:13:51", "start": "00:13:45", "text": "Interesting."}, {"end": "00:13:51", "start": "00:13:47", "text": "Interesting. So, it's not just"}, {"end": "00:13:55", "start": "00:13:51", "text": "not just"}, {"end": "00:13:58", "start": "00:13:53", "text": "supporting their own XRP ledger. Now,"}, {"end": "00:14:00", "start": "00:13:55", "text": "they're supporting other networks, too."}, {"end": "00:14:02", "start": "00:13:58", "text": "That's quite interesting."}, {"end": "00:14:04", "start": "00:14:00", "text": "I mean, it's good strategy."}, {"end": "00:14:06", "start": "00:14:02", "text": "Ripple, technically,"}, {"end": "00:14:07", "start": "00:14:04", "text": "if you ask Brad Garlinghouse,"}, {"end": "00:14:10", "start": "00:14:06", "text": "technically,"}, {"end": "00:14:13", "start": "00:14:07", "text": "does not own XRP ledger."}, {"end": "00:14:16", "start": "00:14:10", "text": "Technically, XRP ledger"}, {"end": "00:14:18", "start": "00:14:13", "text": "is his own network"}, {"end": "00:14:21", "start": "00:14:16", "text": "controlled by"}, {"end": "00:14:23", "start": "00:14:18", "text": "the validators or the nodes. I don't"}, {"end": "00:14:25", "start": "00:14:21", "text": "know what what Ripple network I mean,"}, {"end": "00:14:28", "start": "00:14:23", "text": "XRP ledger network actually calls them,"}, {"end": "00:14:28", "start": "00:14:25", "text": "but"}, {"end": "00:14:33", "start": "00:14:28", "text": "But, if you look deeper,"}, {"end": "00:14:36", "start": "00:14:31", "text": "who's paying for all the development"}, {"end": "00:14:40", "start": "00:14:33", "text": "cost, right? Who owns the most"}, {"end": "00:14:42", "start": "00:14:36", "text": "XRP running on a network?"}, {"end": "00:14:44", "start": "00:14:40", "text": "It's all Ripple. So, even though it's an"}, {"end": "00:14:46", "start": "00:14:42", "text": "independent network,"}, {"end": "00:14:48", "start": "00:14:44", "text": "it's really controlled by Ripple."}, {"end": "00:14:49", "start": "00:14:46", "text": "Um but,"}, {"end": "00:14:51", "start": "00:14:48", "text": "interesting to see that they're"}, {"end": "00:14:53", "start": "00:14:49", "text": "supporting other networks, as well. So,"}, {"end": "00:14:56", "start": "00:14:51", "text": "it makes sense."}, {"end": "00:14:59", "start": "00:14:53", "text": "If you want to get into RWA game,"}, {"end": "00:15:01", "start": "00:14:56", "text": "tokenization, you want to"}, {"end": "00:15:04", "start": "00:14:59", "text": "cozy up with some of these big"}, {"end": "00:15:04", "start": "00:15:01", "text": "institutions,"}, {"end": "00:15:09", "start": "00:15:05", "text": "you got to do what you got to do."}, {"end": "00:15:09", "start": "00:15:07", "text": "Right?"}, {"end": "00:15:14", "start": "00:15:09", "text": "All right. That's pretty much it."}, {"end": "00:15:17", "start": "00:15:11", "text": "Today is still"}, {"end": "00:15:18", "start": "00:15:14", "text": "still red."}, {"end": "00:15:20", "start": "00:15:17", "text": "Doesn't look like it's going to improve"}, {"end": "00:15:23", "start": "00:15:18", "text": "much."}, {"end": "00:15:24", "start": "00:15:20", "text": "We're down a little bit more, $500 more"}, {"end": "00:15:28", "start": "00:15:23", "text": "since the beginning, but overall we're"}, {"end": "00:15:29", "start": "00:15:24", "text": "down only 1.5%. But still alts are down"}, {"end": "00:15:31", "start": "00:15:28", "text": "a little more."}, {"end": "00:15:33", "start": "00:15:29", "text": "And"}, {"end": "00:15:36", "start": "00:15:31", "text": "I'm looking at my watch list. Almost"}, {"end": "00:15:39", "start": "00:15:33", "text": "everything's down."}, {"end": "00:15:39", "start": "00:15:36", "text": "It's kind of frustrating."}, {"end": "00:15:43", "start": "00:15:39", "text": "You know, you have you you have some"}, {"end": "00:15:46", "start": "00:15:42", "text": "good weeks and all of a sudden we stop"}, {"end": "00:15:48", "start": "00:15:43", "text": "because all this macro stuff."}, {"end": "00:15:51", "start": "00:15:46", "text": "Right?"}, {"end": "00:15:54", "start": "00:15:48", "text": "Uh outside of that"}, {"end": "00:15:57", "start": "00:15:51", "text": "Clash Pad still going higher."}, {"end": "00:16:00", "start": "00:15:54", "text": "Almost 100 more SOL"}, {"end": "00:16:04", "start": "00:15:57", "text": "from yesterday."}, {"end": "00:16:07", "start": "00:16:00", "text": "Reward it out to holders."}, {"end": "00:16:08", "start": "00:16:04", "text": "Right? And CWD actually"}, {"end": "00:16:11", "start": "00:16:07", "text": "did not go down. Actually, I think we"}, {"end": "00:16:12", "start": "00:16:08", "text": "went up from yesterday. So that that"}, {"end": "00:16:14", "start": "00:16:11", "text": "shows you the strength of the people"}, {"end": "00:16:15", "start": "00:16:12", "text": "that are holding it."}, {"end": "00:16:17", "start": "00:16:14", "text": "But you know, we got we got new"}, {"end": "00:16:20", "start": "00:16:15", "text": "projects. We got a new one that"}, {"end": "00:16:21", "start": "00:16:17", "text": "graduated Malfoy. I don't know who they"}, {"end": "00:16:24", "start": "00:16:20", "text": "are."}, {"end": "00:16:25", "start": "00:16:21", "text": "And we got a lot of ones waiting to be"}, {"end": "00:16:27", "start": "00:16:24", "text": "graduated."}, {"end": "00:16:30", "start": "00:16:25", "text": "And the Discord community is still"}, {"end": "00:16:33", "start": "00:16:27", "text": "popping."}, {"end": "00:16:33", "start": "00:16:30", "text": "And"}, {"end": "00:16:38", "start": "00:16:33", "text": "you know,"}, {"end": "00:16:40", "start": "00:16:35", "text": "CWD looks kind of lonely over here under"}, {"end": "00:16:42", "start": "00:16:38", "text": "the official tab."}, {"end": "00:16:44", "start": "00:16:40", "text": "Uh there will be some more major"}, {"end": "00:16:48", "start": "00:16:42", "text": "announcements that will be going Discord"}, {"end": "00:16:50", "start": "00:16:44", "text": "later this afternoon {slash} tonight. So"}, {"end": "00:16:52", "start": "00:16:48", "text": "in case you guys are wondering,"}, {"end": "00:16:54", "start": "00:16:50", "text": "there will be more. I was trying to do"}, {"end": "00:16:58", "start": "00:16:52", "text": "something yesterday. I couldn't. Then"}, {"end": "00:17:02", "start": "00:16:54", "text": "ran out of time. Today I will be ready."}, {"end": "00:17:02", "start": "00:16:58", "text": "All right. Let's do some Q&A."}, {"end": "00:17:45", "start": "00:17:40", "text": ">> How does the DGM pot payout work?"}, {"end": "00:17:47", "start": "00:17:43", "text": "What you It's locked in escrow, but you"}, {"end": "00:17:50", "start": "00:17:45", "text": "could take it out anytime, but there's"}, {"end": "00:17:52", "start": "00:17:47", "text": "just a severe penalty when you do that."}, {"end": "00:17:54", "start": "00:17:50", "text": "So, it prevents people from dumping"}, {"end": "00:17:56", "start": "00:17:52", "text": "right away."}, {"end": "00:17:58", "start": "00:17:54", "text": "And if people do, then there's more"}, {"end": "00:17:59", "start": "00:17:56", "text": "rewards to others."}, {"end": "00:18:01", "start": "00:17:58", "text": "I mean, [snorts] the reward system"}, {"end": "00:18:03", "start": "00:17:59", "text": "really works. I mean, we have paid out"}, {"end": "00:18:05", "start": "00:18:01", "text": "so much"}, {"end": "00:18:08", "start": "00:18:03", "text": "in such a short amount of time, but you"}, {"end": "00:18:10", "start": "00:18:05", "text": "know, just to go just to show you guys"}, {"end": "00:18:12", "start": "00:18:08", "text": "how well the reward system works. You"}, {"end": "00:18:14", "start": "00:18:10", "text": "have something that hasn't even"}, {"end": "00:18:18", "start": "00:18:12", "text": "graduated yet, okay? Something that only"}, {"end": "00:18:21", "start": "00:18:14", "text": "has a 3.4K"}, {"end": "00:18:23", "start": "00:18:18", "text": "market cap, which is next to nothing."}, {"end": "00:18:24", "start": "00:18:21", "text": "This one probably only has like 10"}, {"end": "00:18:26", "start": "00:18:23", "text": "holders."}, {"end": "00:18:30", "start": "00:18:24", "text": "Maybe. Maybe not even that."}, {"end": "00:18:32", "start": "00:18:26", "text": "But already paid out 1.55 SOL as"}, {"end": "00:18:35", "start": "00:18:30", "text": "rewards."}, {"end": "00:18:37", "start": "00:18:32", "text": "Like, just think about that, right?"}, {"end": "00:18:40", "start": "00:18:35", "text": "You have a project, you launched, you're"}, {"end": "00:18:42", "start": "00:18:37", "text": "waiting for more people to come in,"}, {"end": "00:18:45", "start": "00:18:40", "text": "and you're already getting rewarded in"}, {"end": "00:18:47", "start": "00:18:42", "text": "SOL. And why is that?"}, {"end": "00:18:49", "start": "00:18:45", "text": "Because people don't realize"}, {"end": "00:18:53", "start": "00:18:47", "text": "whenever you launch, there's very"}, {"end": "00:18:55", "start": "00:18:49", "text": "sophisticated and a lot of bots. There's"}, {"end": "00:18:58", "start": "00:18:53", "text": "these bot networks"}, {"end": "00:19:01", "start": "00:18:55", "text": "that's programmed by scalpers. They look"}, {"end": "00:19:02", "start": "00:18:58", "text": "at all tokens that gets created and"}, {"end": "00:19:04", "start": "00:19:01", "text": "instantly buy in because they don't"}, {"end": "00:19:06", "start": "00:19:02", "text": "care. They don't know which one is going"}, {"end": "00:19:07", "start": "00:19:04", "text": "to go up, which one's going to go take"}, {"end": "00:19:11", "start": "00:19:06", "text": "off. They'll just start buying them and"}, {"end": "00:19:13", "start": "00:19:07", "text": "start trading them, regardless of what"}, {"end": "00:19:16", "start": "00:19:11", "text": "they are, who started it, whatever,"}, {"end": "00:19:18", "start": "00:19:13", "text": "right? And they'll just start scalping."}, {"end": "00:19:21", "start": "00:19:16", "text": "They'll just scalp and then they'll"}, {"end": "00:19:23", "start": "00:19:18", "text": "trade, scalp, trade, and then take"}, {"end": "00:19:25", "start": "00:19:21", "text": "advantage of the slippage and all that"}, {"end": "00:19:28", "start": "00:19:23", "text": "stuff."}, {"end": "00:19:29", "start": "00:19:25", "text": "And we punish them for that."}, {"end": "00:19:31", "start": "00:19:28", "text": "You know, that's why all of ours have a"}, {"end": "00:19:33", "start": "00:19:29", "text": "fee."}, {"end": "00:19:35", "start": "00:19:31", "text": "We punish them for it, we capture the"}, {"end": "00:19:38", "start": "00:19:33", "text": "rewards, and we give it out to holders."}, {"end": "00:19:40", "start": "00:19:35", "text": "That's why it's different. That's why"}, {"end": "00:19:42", "start": "00:19:38", "text": "it's actually made for"}, {"end": "00:19:45", "start": "00:19:40", "text": "buying and holding, even though it's"}, {"end": "00:19:47", "start": "00:19:42", "text": "very against like meme coin traders."}, {"end": "00:19:48", "start": "00:19:45", "text": "Um"}, {"end": "00:19:49", "start": "00:19:47", "text": "but, you know, I'm trying to do"}, {"end": "00:19:51", "start": "00:19:48", "text": "something different. And I think it's"}, {"end": "00:19:54", "start": "00:19:49", "text": "working. I think it's catching on. We"}, {"end": "00:19:56", "start": "00:19:51", "text": "just need more"}, {"end": "00:19:57", "start": "00:19:54", "text": "more people with larger audience to come"}, {"end": "00:19:59", "start": "00:19:56", "text": "on board."}, {"end": "00:20:02", "start": "00:19:57", "text": "That's kind of the bottom line, but"}, {"end": "00:20:05", "start": "00:19:59", "text": "we'll see. Don't really need it."}, {"end": "00:20:07", "start": "00:20:02", "text": "I mean, we have CWD that"}, {"end": "00:20:08", "start": "00:20:05", "text": "is around 2 million."}, {"end": "00:20:10", "start": "00:20:07", "text": "And it's"}, {"end": "00:20:13", "start": "00:20:08", "text": "giving out over a hundred dollars and"}, {"end": "00:20:16", "start": "00:20:10", "text": "dollars in soul rewards in less than 3"}, {"end": "00:20:16", "start": "00:20:13", "text": "weeks."}, {"end": "00:20:20", "start": "00:20:17", "text": "That's crazy. And the game isn't out"}, {"end": "00:20:21", "start": "00:20:18", "text": "yet, but I'll tell you the game is going"}, {"end": "00:20:23", "start": "00:20:20", "text": "to be amazing."}, {"end": "00:20:24", "start": "00:20:21", "text": "The game is going to be amazing. It's"}, {"end": "00:20:26", "start": "00:20:23", "text": "going to be It's going to be shockingly"}, {"end": "00:20:29", "start": "00:20:24", "text": "good amazing."}, {"end": "00:20:32", "start": "00:20:26", "text": "And it's going to turn people's heads"}, {"end": "00:20:32", "start": "00:20:29", "text": "when it comes out."}, {"end": "00:20:37", "start": "00:20:34", "text": "Oh, we're back above 82."}, {"end": "00:20:50", "start": "00:20:46", "text": "What's the cost of launching a new coin?"}, {"end": "00:20:53", "start": "00:20:48", "text": "Like, almost nothing. It's just whatever"}, {"end": "00:20:55", "start": "00:20:50", "text": "fees, the contract fees required to open"}, {"end": "00:20:56", "start": "00:20:53", "text": "up a coin, which is like, I don't know,"}, {"end": "00:20:59", "start": "00:20:55", "text": "few dollars."}, {"end": "00:20:59", "start": "00:20:56", "text": "That's it."}, {"end": "00:21:09", "start": "00:21:05", "text": "And whatever your first buy is, you"}, {"end": "00:21:09", "start": "00:21:07", "text": "know."}, {"end": "00:21:14", "start": "00:21:10", "text": "Is AI breaking crypto encryption or"}, {"end": "00:21:16", "start": "00:21:12", "text": "attempt to add fud? I mean, not"}, {"end": "00:21:18", "start": "00:21:14", "text": "encryption, but it'll find"}, {"end": "00:21:19", "start": "00:21:16", "text": "vulnerabilities. All these hacks that"}, {"end": "00:21:22", "start": "00:21:18", "text": "you've been hearing about, all through"}, {"end": "00:21:23", "start": "00:21:19", "text": "AI. AI's going to change the software"}, {"end": "00:21:25", "start": "00:21:22", "text": "industry. It's going to change"}, {"end": "00:21:27", "start": "00:21:23", "text": "everything."}, {"end": "00:21:28", "start": "00:21:25", "text": "Anything that has code,"}, {"end": "00:21:30", "start": "00:21:27", "text": ">> [snorts]"}, {"end": "00:21:30", "start": "00:21:28", "text": ">> it will change."}, {"end": "00:21:33", "start": "00:21:31", "text": "So,"}, {"end": "00:21:36", "start": "00:21:32", "text": "you know, companies and people just have"}, {"end": "00:21:38", "start": "00:21:33", "text": "to realize that."}, {"end": "00:21:40", "start": "00:21:36", "text": "I spend all the time developing, but I"}, {"end": "00:21:43", "start": "00:21:38", "text": "spend all the time hardening,"}, {"end": "00:21:45", "start": "00:21:40", "text": "you know, the sites that we have."}, {"end": "00:21:47", "start": "00:21:43", "text": "You know, I I always run security"}, {"end": "00:21:48", "start": "00:21:45", "text": "vulnerabilities,"}, {"end": "00:21:50", "start": "00:21:47", "text": "uh"}, {"end": "00:21:51", "start": "00:21:48", "text": "or security checks and stuff like that,"}, {"end": "00:21:54", "start": "00:21:50", "text": "randomly."}, {"end": "00:21:55", "start": "00:21:51", "text": "Code checks, randomly, stuff like that,"}, {"end": "00:21:55", "start": "00:21:54", "text": "right?"}, {"end": "00:21:57", "start": "00:21:55", "text": ">> [snorts]"}, {"end": "00:22:00", "start": "00:21:55", "text": ">> And with every AI model that comes out,"}, {"end": "00:22:02", "start": "00:21:57", "text": "they'll find more. These are smarter."}, {"end": "00:22:06", "start": "00:22:00", "text": "And that's what you got to do. All these"}, {"end": "00:22:11", "start": "00:22:02", "text": "guys that have a ton of money held,"}, {"end": "00:22:13", "start": "00:22:06", "text": "right? Like in a bridge or wallet or"}, {"end": "00:22:16", "start": "00:22:11", "text": "somewhere,"}, {"end": "00:22:20", "start": "00:22:13", "text": "they they all need to like"}, {"end": "00:22:22", "start": "00:22:16", "text": "do more. And even offer like um"}, {"end": "00:22:25", "start": "00:22:20", "text": "bounties and stuff. I don't think enough"}, {"end": "00:22:25", "start": "00:22:22", "text": "companies do that."}, {"end": "00:22:33", "start": "00:22:29", "text": "Uh Roman says, \"Check out Tangibles,"}, {"end": "00:22:35", "start": "00:22:31", "text": "game that actually pays you to play tied"}, {"end": "00:22:38", "start": "00:22:33", "text": "with cards.\""}, {"end": "00:22:40", "start": "00:22:35", "text": "We had we had some very famous crypto"}, {"end": "00:22:42", "start": "00:22:38", "text": "games like that before."}, {"end": "00:22:45", "start": "00:22:40", "text": "That normally doesn't"}, {"end": "00:22:49", "start": "00:22:42", "text": "that normally doesn't"}, {"end": "00:22:51", "start": "00:22:45", "text": "do well, because it's infinite"}, {"end": "00:22:52", "start": "00:22:49", "text": "inflation,"}, {"end": "00:22:54", "start": "00:22:51", "text": "right?"}, {"end": "00:22:58", "start": "00:22:52", "text": "I am going to do something different"}, {"end": "00:23:00", "start": "00:22:54", "text": "with Frontline. I'm upgrading that as"}, {"end": "00:23:03", "start": "00:22:58", "text": "well. It's been operational. We're"}, {"end": "00:23:05", "start": "00:23:00", "text": "having tournaments already, but"}, {"end": "00:23:08", "start": "00:23:03", "text": "I will be doing something differently"}, {"end": "00:23:10", "start": "00:23:05", "text": "with it. So,"}, {"end": "00:23:13", "start": "00:23:08", "text": "stay tuned out for that as well."}, {"end": "00:23:17", "start": "00:23:10", "text": "But, since you asked so nicely with this"}, {"end": "00:23:17", "start": "00:23:13", "text": "super chat, let's see."}, {"end": "00:23:32", "start": "00:23:25", "text": "It doesn't even show up. Is it a new"}, {"end": "00:23:32", "start": "00:23:28", "text": "token scanner?"}, {"end": "00:23:38", "start": "00:23:35", "text": "Yeah, Teng doesn't show up"}, {"end": "00:23:44", "start": "00:23:39", "text": "in token scanner or market cap. So, I"}, {"end": "00:23:47", "start": "00:23:41", "text": "don't know where"}, {"end": "00:23:47", "start": "00:23:44", "text": "where to find that."}, {"end": "00:23:53", "start": "00:23:51", "text": ">> [snorts]"}, {"end": "00:24:20", "start": "00:24:16", "text": ">> Pays you with Pok\u00e9mon cards."}, {"end": "00:24:23", "start": "00:24:20", "text": "Someone mentioned that the other day. I"}, {"end": "00:24:25", "start": "00:24:21", "text": "didn't I didn't hear about it. I don't"}, {"end": "00:24:25", "start": "00:24:23", "text": "know about it."}, {"end": "00:24:41", "start": "00:24:37", "text": "This drop is good. It gives room for"}, {"end": "00:24:43", "start": "00:24:39", "text": "another movement, setting the stage for"}, {"end": "00:24:47", "start": "00:24:41", "text": "October. The best way to think about it"}, {"end": "00:24:48", "start": "00:24:43", "text": "is clearing out clearing out liquidity."}, {"end": "00:24:50", "start": "00:24:47", "text": "Okay."}, {"end": "00:24:52", "start": "00:24:48", "text": "That's usually what happens before big"}, {"end": "00:24:55", "start": "00:24:50", "text": "run-up. Just look at all the"}, {"end": "00:24:57", "start": "00:24:52", "text": "liquidations between the two days."}, {"end": "00:25:00", "start": "00:24:55", "text": "Probably a billion plus."}, {"end": "00:25:03", "start": "00:24:57", "text": "Clearing out liquidity,"}, {"end": "00:25:04", "start": "00:25:00", "text": "getting people to sell off,"}, {"end": "00:25:06", "start": "00:25:03", "text": "and then boom."}, {"end": "00:25:08", "start": "00:25:04", "text": "That's when you recover, right? And"}, {"end": "00:25:12", "start": "00:25:06", "text": "we're not really down. We're down"}, {"end": "00:25:14", "start": "00:25:08", "text": "slightly from our top, but overall, you"}, {"end": "00:25:17", "start": "00:25:12", "text": "know, we've been hovering the 80s for"}, {"end": "00:25:17", "start": "00:25:14", "text": "what, a month now?"}, {"end": "00:25:24", "start": "00:25:20", "text": "What's another few weeks to wait?"}, {"end": "00:25:39", "start": "00:25:35", "text": "This [snorts] war situation, you know,"}, {"end": "00:25:42", "start": "00:25:36", "text": "if if we didn't have where it was over"}, {"end": "00:25:42", "start": "00:25:39", "text": "already,"}, {"end": "00:25:47", "start": "00:25:43", "text": "I think it would have held markets a lot"}, {"end": "00:25:47", "start": "00:25:45", "text": "more."}, {"end": "00:25:52", "start": "00:25:48", "text": "But maybe there's some 4D chess being"}, {"end": "00:25:54", "start": "00:25:50", "text": "played. Still, there's a lot of theories"}, {"end": "00:25:56", "start": "00:25:52", "text": "of why this is happening,"}, {"end": "00:25:58", "start": "00:25:54", "text": "why it's ongoing,"}, {"end": "00:26:00", "start": "00:25:56", "text": "you know?"}, {"end": "00:26:00", "start": "00:25:58", "text": "So,"}, {"end": "00:26:06", "start": "00:26:01", "text": "hopefully the 4D chess thing is real."}, {"end": "00:26:19", "start": "00:26:17", "text": ">> [snorts]"}, {"end": "00:26:28", "start": "00:26:26", "text": "[snorts]"}, {"end": "00:26:32", "start": "00:26:29", "text": ">> You can't look at it like that, man. You"}, {"end": "00:26:34", "start": "00:26:30", "text": "can't look at it. It's never so"}, {"end": "00:26:35", "start": "00:26:32", "text": "one-sided."}, {"end": "00:26:37", "start": "00:26:34", "text": "People that are saying, \"No, no, no,"}, {"end": "00:26:39", "start": "00:26:35", "text": "it's not 4D chess. He's an idiot.\" Well,"}, {"end": "00:26:41", "start": "00:26:37", "text": "what about everyone else behind the"}, {"end": "00:26:41", "start": "00:26:39", "text": "scenes?"}, {"end": "00:26:47", "start": "00:26:42", "text": "Not everyone is an idiot."}, {"end": "00:26:50", "start": "00:26:45", "text": "And you certainly can't be an idiot to"}, {"end": "00:26:52", "start": "00:26:47", "text": "get elected."}, {"end": "00:26:54", "start": "00:26:50", "text": "No matter what, there's some genius to"}, {"end": "00:26:56", "start": "00:26:52", "text": "that. If it was that easy to become"}, {"end": "00:26:58", "start": "00:26:54", "text": "president, everyone would become"}, {"end": "00:27:01", "start": "00:26:56", "text": "president. So,"}, {"end": "00:27:03", "start": "00:26:58", "text": "it's never so one-sided."}, {"end": "00:27:05", "start": "00:27:01", "text": "And people don't really see"}, {"end": "00:27:08", "start": "00:27:03", "text": "how the oil trade is being affected and"}, {"end": "00:27:10", "start": "00:27:05", "text": "how it affects the oil"}, {"end": "00:27:13", "start": "00:27:08", "text": "supply chain,"}, {"end": "00:27:17", "start": "00:27:10", "text": "especially to nations that are"}, {"end": "00:27:20", "start": "00:27:13", "text": "considered not our allies,"}, {"end": "00:27:21", "start": "00:27:17", "text": "or even our allies, right? There are a"}, {"end": "00:27:23", "start": "00:27:20", "text": "lot of things going on. It's never"}, {"end": "00:27:27", "start": "00:27:21", "text": "one-sided."}, {"end": "00:27:27", "start": "00:27:23", "text": "So, just try to think about that."}, {"end": "00:27:29", "start": "00:27:27", "text": ">> [snorts]"}, {"end": "00:27:31", "start": "00:27:28", "text": ">> You know, there's a lot of talk about"}, {"end": "00:27:32", "start": "00:27:29", "text": "China,"}, {"end": "00:27:35", "start": "00:27:31", "text": "right?"}, {"end": "00:27:37", "start": "00:27:32", "text": "Where does China get all their oil from?"}, {"end": "00:27:39", "start": "00:27:35", "text": "They get 80% of their oil from the"}, {"end": "00:27:42", "start": "00:27:37", "text": "Middle East region,"}, {"end": "00:27:42", "start": "00:27:39", "text": "which is now cut off."}, {"end": "00:27:47", "start": "00:27:44", "text": "Are you going to say that's just an"}, {"end": "00:27:50", "start": "00:27:45", "text": "accident?"}, {"end": "00:27:53", "start": "00:27:47", "text": "Was that all unplanned? It just so"}, {"end": "00:27:56", "start": "00:27:50", "text": "happens that we China's energy"}, {"end": "00:27:56", "start": "00:27:53", "text": "dependence"}, {"end": "00:28:00", "start": "00:27:56", "text": "right at the time where there's a"}, {"end": "00:28:03", "start": "00:27:57", "text": "possibility of maybe"}, {"end": "00:28:06", "start": "00:28:00", "text": "them wanting to take over Taiwan,"}, {"end": "00:28:08", "start": "00:28:03", "text": "or maybe them trying to accelerate in"}, {"end": "00:28:11", "start": "00:28:06", "text": "the AI industry,"}, {"end": "00:28:14", "start": "00:28:08", "text": "right? Is it all coincidence?"}, {"end": "00:28:16", "start": "00:28:11", "text": "There are no coincidences."}, {"end": "00:28:20", "start": "00:28:14", "text": "It doesn't happen."}, {"end": "00:28:23", "start": "00:28:16", "text": "So, just think about that, okay?"}, {"end": "00:28:24", "start": "00:28:20", "text": "Short-term pain could equal long-term"}, {"end": "00:28:26", "start": "00:28:23", "text": "gain."}, {"end": "00:28:28", "start": "00:28:24", "text": "You just have to broaden your horizons."}, {"end": "00:28:29", "start": "00:28:26", "text": "It just sucks during that short-term"}, {"end": "00:28:31", "start": "00:28:28", "text": "pain."}, {"end": "00:28:33", "start": "00:28:29", "text": "I mean, there's no doubt about it. Just"}, {"end": "00:28:36", "start": "00:28:31", "text": "like when you're working out,"}, {"end": "00:28:40", "start": "00:28:33", "text": "who likes to be tired after working out?"}, {"end": "00:28:42", "start": "00:28:36", "text": "Who wants days of soreness?"}, {"end": "00:28:44", "start": "00:28:40", "text": "Nobody, unless you're a psycho and you"}, {"end": "00:28:46", "start": "00:28:42", "text": "enjoy that pain kind of."}, {"end": "00:28:48", "start": "00:28:44", "text": "Uh sometimes I do."}, {"end": "00:28:51", "start": "00:28:46", "text": "But,"}, {"end": "00:28:51", "start": "00:28:48", "text": "the reward is afterwards."}, {"end": "00:29:00", "start": "00:28:53", "text": "So, again,"}, {"end": "00:29:00", "start": "00:28:56", "text": "don't be so short-sighted."}, {"end": "00:29:31", "start": "00:29:27", "text": "Is there a delay on Clash Bot on the buy"}, {"end": "00:29:32", "start": "00:29:29", "text": "and sell orders versus the rewards?"}, {"end": "00:29:33", "start": "00:29:31", "text": "Seems like it started this past week and"}, {"end": "00:29:35", "start": "00:29:32", "text": "I have to change the ability to"}, {"end": "00:29:37", "start": "00:29:33", "text": "reinvest."}, {"end": "00:29:38", "start": "00:29:35", "text": "No."}, {"end": "00:29:40", "start": "00:29:37", "text": "No."}, {"end": "00:29:43", "start": "00:29:38", "text": "I mean, it all it could only sell so"}, {"end": "00:29:46", "start": "00:29:40", "text": "much within an hour, so it staggers."}, {"end": "00:29:48", "start": "00:29:43", "text": "Okay, so that's what happens."}, {"end": "00:29:51", "start": "00:29:46", "text": "Reinvest makes it so that it sells last,"}, {"end": "00:29:53", "start": "00:29:48", "text": "in case you haven't figured that out."}, {"end": "00:29:55", "start": "00:29:51", "text": "Everyone that's holding on to a coin in"}, {"end": "00:29:57", "start": "00:29:53", "text": "Clash Bot should just re-enable auto"}, {"end": "00:29:59", "start": "00:29:55", "text": "invest."}, {"end": "00:30:03", "start": "00:29:57", "text": "Because it's it skips one cycle of"}, {"end": "00:30:05", "start": "00:29:59", "text": "selling. So, rather than convert"}, {"end": "00:30:07", "start": "00:30:03", "text": "what you're getting into soul, which"}, {"end": "00:30:11", "start": "00:30:05", "text": "then it rewards you, which you use then"}, {"end": "00:30:13", "start": "00:30:07", "text": "to go buy it again, it skips that cycle."}, {"end": "00:30:15", "start": "00:30:11", "text": "It just gives it to you."}, {"end": "00:30:15", "start": "00:30:13", "text": "So,"}, {"end": "00:30:20", "start": "00:30:16", "text": "yeah, in case you haven't turned on auto"}, {"end": "00:30:24", "start": "00:30:17", "text": "invest in in the coins that you hold,"}, {"end": "00:30:24", "start": "00:30:20", "text": "and you want to get more of, you should."}, {"end": "00:31:06", "start": "00:31:01", "text": ">> Legend Ali."}, {"end": "00:31:08", "start": "00:31:04", "text": "I love Clash Pat I'm getting paid almost"}, {"end": "00:31:11", "start": "00:31:06", "text": "three times per day. I'm telling you."}, {"end": "00:31:13", "start": "00:31:08", "text": "Some people get paid like every hour."}, {"end": "00:31:15", "start": "00:31:11", "text": "It It It just depends on how much you"}, {"end": "00:31:17", "start": "00:31:13", "text": "hold. I mean it's a It's really a a"}, {"end": "00:31:20", "start": "00:31:15", "text": "really good system. I wouldn't say it's"}, {"end": "00:31:22", "start": "00:31:17", "text": "perfect. But it's a really good system"}, {"end": "00:31:24", "start": "00:31:20", "text": "and this is just like still us at the"}, {"end": "00:31:26", "start": "00:31:22", "text": "beginning stages"}, {"end": "00:31:28", "start": "00:31:24", "text": "where it's"}, {"end": "00:31:30", "start": "00:31:26", "text": "we don't have a lot of volume. If we 10x"}, {"end": "00:31:31", "start": "00:31:28", "text": "our volume"}, {"end": "00:31:33", "start": "00:31:30", "text": "the rewards are going to be insane and"}, {"end": "00:31:36", "start": "00:31:31", "text": "the flywheel effect for Clash is going"}, {"end": "00:31:37", "start": "00:31:33", "text": "to be insane. It's already insane."}, {"end": "00:31:39", "start": "00:31:36", "text": "I've already purchased more than 3"}, {"end": "00:31:41", "start": "00:31:37", "text": "million Clash."}, {"end": "00:31:44", "start": "00:31:39", "text": "But"}, {"end": "00:31:47", "start": "00:31:41", "text": "man, if the volume increases by 10x"}, {"end": "00:31:50", "start": "00:31:44", "text": "100x it's it's"}, {"end": "00:31:54", "start": "00:31:47", "text": "you going to see this number at like"}, {"end": "00:31:56", "start": "00:31:50", "text": "50,000 sole, 100,000 sole. Like it's"}, {"end": "00:31:58", "start": "00:31:54", "text": "it's going to be absolutely insane."}, {"end": "00:32:01", "start": "00:31:56", "text": "It's probably going to cause"}, {"end": "00:32:02", "start": "00:31:58", "text": "sole to go up. Like that that's probably"}, {"end": "00:32:04", "start": "00:32:01", "text": "what's going to happen. It's going to"}, {"end": "00:32:06", "start": "00:32:02", "text": "cause so much demand"}, {"end": "00:32:07", "start": "00:32:04", "text": "that it'll pump sole"}, {"end": "00:32:09", "start": "00:32:06", "text": ">> [laughter]"}, {"end": "00:32:10", "start": "00:32:07", "text": ">> if we ever get that kind of volume, but"}, {"end": "00:32:13", "start": "00:32:09", "text": "you know."}, {"end": "00:32:13", "start": "00:32:10", "text": "We'll see. It's early."}, {"end": "00:32:23", "start": "00:32:21", "text": ">> [snorts]"}, {"end": "00:32:39", "start": "00:32:36", "text": ">> Would love to see more"}, {"end": "00:32:44", "start": "00:32:39", "text": "more creators come on board. Still seems"}, {"end": "00:32:46", "start": "00:32:41", "text": "very taboo. Like everyone I talk to"}, {"end": "00:32:48", "start": "00:32:44", "text": "right now, I don't want to do that. I'm"}, {"end": "00:32:51", "start": "00:32:46", "text": "afraid and this and that. I I mean,"}, {"end": "00:32:53", "start": "00:32:48", "text": "there's too many people that have"}, {"end": "00:32:54", "start": "00:32:51", "text": "do have this like negative stigma"}, {"end": "00:32:57", "start": "00:32:53", "text": "because they hear about others that have"}, {"end": "00:32:58", "start": "00:32:54", "text": "done it that completely gave up on their"}, {"end": "00:33:01", "start": "00:32:57", "text": "projects"}, {"end": "00:33:02", "start": "00:32:58", "text": "and you know"}, {"end": "00:33:05", "start": "00:33:01", "text": "and that's why there's that. There's too"}, {"end": "00:33:07", "start": "00:33:02", "text": "many ruggers, too many that don't care"}, {"end": "00:33:09", "start": "00:33:05", "text": "about anyone."}, {"end": "00:33:12", "start": "00:33:07", "text": "Right? But if you do it right"}, {"end": "00:33:15", "start": "00:33:09", "text": "you can sustain a project"}, {"end": "00:33:17", "start": "00:33:12", "text": "and a loyal base and and you know, you"}, {"end": "00:33:18", "start": "00:33:15", "text": "just keep moving forward with that."}, {"end": "00:33:21", "start": "00:33:17", "text": "But it seem like most people think that"}, {"end": "00:33:24", "start": "00:33:18", "text": "that's too much trouble or time or"}, {"end": "00:33:25", "start": "00:33:21", "text": "they don't even think it's worth it, but"}, {"end": "00:33:26", "start": "00:33:24", "text": "you know, trying to change that"}, {"end": "00:33:29", "start": "00:33:25", "text": "perspect-"}, {"end": "00:33:32", "start": "00:33:26", "text": "perspective, but it's it's tough."}, {"end": "00:33:32", "start": "00:33:29", "text": "It's tough."}, {"end": "00:33:39", "start": "00:33:34", "text": "Uh yeah, the LC 500 has been going up."}, {"end": "00:33:41", "start": "00:33:38", "text": "You know, I was surprised. I was looking"}, {"end": "00:33:43", "start": "00:33:39", "text": "at the used car market. I looked at the"}, {"end": "00:33:45", "start": "00:33:41", "text": "other day and it's actually worth than"}, {"end": "00:33:47", "start": "00:33:43", "text": "what I paid for. So, that's good."}, {"end": "00:33:50", "start": "00:33:45", "text": "Normally, I lose massive amount of money"}, {"end": "00:33:51", "start": "00:33:47", "text": "on all my cars."}, {"end": "00:33:52", "start": "00:33:50", "text": "So,"}, {"end": "00:33:54", "start": "00:33:51", "text": "um so, it's good to see that it's"}, {"end": "00:33:57", "start": "00:33:52", "text": "holding. I I like the car. It looks"}, {"end": "00:33:59", "start": "00:33:54", "text": "gorgeous. I don't drive it nearly"}, {"end": "00:33:59", "start": "00:33:57", "text": "enough."}, {"end": "00:34:04", "start": "00:34:02", "text": ">> [snorts]"}, {"end": "00:34:07", "start": "00:34:02", "text": ">> You know, here's a fun fact that"}, {"end": "00:34:10", "start": "00:34:04", "text": "it's harder to get in"}, {"end": "00:34:14", "start": "00:34:07", "text": "and the interior space is smaller"}, {"end": "00:34:16", "start": "00:34:10", "text": "than my Ferrari. I just realized that."}, {"end": "00:34:19", "start": "00:34:14", "text": "Um"}, {"end": "00:34:22", "start": "00:34:16", "text": "my Ferrari is actually huge"}, {"end": "00:34:24", "start": "00:34:19", "text": "on the inside compared to LC 500."}, {"end": "00:34:26", "start": "00:34:22", "text": "I don't know why that is, but it is way"}, {"end": "00:34:28", "start": "00:34:24", "text": "wider. It's way"}, {"end": "00:34:30", "start": "00:34:26", "text": "I don't know if it's way longer, but it"}, {"end": "00:34:33", "start": "00:34:28", "text": "feels like you have more leg room and"}, {"end": "00:34:35", "start": "00:34:30", "text": "it's just it's just It's huge inside"}, {"end": "00:34:37", "start": "00:34:33", "text": "my F8."}, {"end": "00:34:38", "start": "00:34:35", "text": "And Ferrari's like really tight. Like"}, {"end": "00:34:41", "start": "00:34:37", "text": "everything is really tight on the"}, {"end": "00:34:43", "start": "00:34:38", "text": "inside. You can't be a big guy and fit"}, {"end": "00:34:46", "start": "00:34:41", "text": "in a LC 500. It It will not be"}, {"end": "00:34:46", "start": "00:34:43", "text": "comfortable."}, {"end": "00:35:05", "start": "00:34:59", "text": "We're only down 1% from yesterday."}, {"end": "00:35:05", "start": "00:35:03", "text": "Just one."}, {"end": "00:35:23", "start": "00:35:21", "text": ">> [snorts]"}, {"end": "00:35:46", "start": "00:35:42", "text": ">> All right, guys. I think that's pretty"}, {"end": "00:35:49", "start": "00:35:44", "text": "much it."}, {"end": "00:35:52", "start": "00:35:46", "text": "I'll go go back to work. Working on a"}, {"end": "00:35:52", "start": "00:35:49", "text": "lot of stuff right now."}, {"end": "00:35:56", "start": "00:35:52", "text": "I'm always working on a lot of stuff."}, {"end": "00:35:58", "start": "00:35:54", "text": "But"}, {"end": "00:36:00", "start": "00:35:56", "text": "stay tuned. I will have something for"}, {"end": "00:36:02", "start": "00:35:58", "text": "those of you guys in Discord. Something"}, {"end": "00:36:04", "start": "00:36:00", "text": "big"}, {"end": "00:36:07", "start": "00:36:02", "text": "later this afternoon {slash} tonight."}, {"end": "00:36:10", "start": "00:36:04", "text": "So, look forward to that."}, {"end": "00:36:10", "start": "00:36:07", "text": "Okay. That's my"}, {"end": "00:36:16", "start": "00:36:11", "text": "That's my warning to you guys."}, {"end": "00:36:19", "start": "00:36:13", "text": "So, don't say you didn't hear it."}, {"end": "00:36:21", "start": "00:36:16", "text": "Um and uh stay strong, my friends."}, {"end": "00:36:24", "start": "00:36:19", "text": "All right. It's not as bad as it seems,"}, {"end": "00:36:26", "start": "00:36:21", "text": "but we are facing"}, {"end": "00:36:28", "start": "00:36:24", "text": "oil"}, {"end": "00:36:31", "start": "00:36:26", "text": "rally, bond rally."}, {"end": "00:36:35", "start": "00:36:28", "text": "These are no good. No good."}, {"end": "00:36:36", "start": "00:36:31", "text": "But, Bitcoin is recovering and will"}, {"end": "00:36:39", "start": "00:36:35", "text": "continue,"}, {"end": "00:36:40", "start": "00:36:36", "text": "but got to get over some of these"}, {"end": "00:36:43", "start": "00:36:39", "text": "headwinds and tailwinds that I always"}, {"end": "00:36:44", "start": "00:36:40", "text": "talk about. All right? Have a good one."}, {"end": "00:36:47", "start": "00:36:43", "text": "Smash the like, subscribe to the"}, {"end": "00:36:50", "start": "00:36:44", "text": "channel. Go check out Clash Pad. Check"}, {"end": "00:36:52", "start": "00:36:47", "text": "out all the things that we have to offer"}, {"end": "00:36:52", "start": "00:36:50", "text": "and get"}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Oh yes guys, welcome back. We are on"}, {"start": "00:00:02", "end": "00:00:05", "text": "vacation, but even on vacation, of"}, {"start": "00:00:03", "end": "00:00:06", "text": "course, want to update you. People are"}, {"start": "00:00:05", "end": "00:00:08", "text": "asking, Ivan, what's happening? Are we"}, {"start": "00:00:06", "end": "00:00:11", "text": "going to go to zero? Meanwhile, Bitcoin"}, {"start": "00:00:08", "end": "00:00:15", "text": "is still holding the 82. Isn't that"}, {"start": "00:00:11", "end": "00:00:17", "text": "crazy? We're still holding 82. So, if we"}, {"start": "00:00:15", "end": "00:00:19", "text": "hold 82, you know that it's the most"}, {"start": "00:00:17", "end": "00:00:21", "text": "bullish scenario ever. Not the, you"}, {"start": "00:00:19", "end": "00:00:23", "text": "know, middle bullish, not the, you know,"}, {"start": "00:00:21", "end": "00:00:25", "text": "so so bullish. It is the most bullish"}, {"start": "00:00:23", "end": "00:00:28", "text": "scenario ever because it means that we"}, {"start": "00:00:25", "end": "00:00:29", "text": "broke 82, which was the previous May"}, {"start": "00:00:28", "end": "00:00:31", "text": "high. We went to 82 in May and"}, {"start": "00:00:29", "end": "00:00:34", "text": "collapsed. Now we broke 82 a few weeks"}, {"start": "00:00:31", "end": "00:00:37", "text": "ago. We pumped all the way to 86 and now"}, {"start": "00:00:34", "end": "00:00:39", "text": "we're just retesting 82 which was"}, {"start": "00:00:37", "end": "00:00:41", "text": "resistance before. Now we're retesting"}, {"start": "00:00:39", "end": "00:00:44", "text": "it as support and then explosion to the"}, {"start": "00:00:41", "end": "00:00:45", "text": "upside. So all in all guys I mean for"}, {"start": "00:00:44", "end": "00:00:47", "text": "what I know we have the most bull"}, {"start": "00:00:45", "end": "00:00:49", "text": "scenario still playing out. The player"}, {"start": "00:00:47", "end": "00:00:51", "text": "base is worried. The play base is"}, {"start": "00:00:49", "end": "00:00:53", "text": "emotional. This and that volatility I"}, {"start": "00:00:51", "end": "00:00:55", "text": "understand guys. I understand guys."}, {"start": "00:00:53", "end": "00:00:58", "text": "Volatility things don't go up every day."}, {"start": "00:00:55", "end": "00:00:59", "text": "It's actually okay. It's actually okay."}, {"start": "00:00:58", "end": "00:01:01", "text": "So that's what in terms of Bitcoin, we"}, {"start": "00:00:59", "end": "00:01:04", "text": "have the most bullish scenario still in"}, {"start": "00:01:01", "end": "00:01:05", "text": "play. And would we close below 82 this"}, {"start": "00:01:04", "end": "00:01:07", "text": "week? It's not that bad either. I mean,"}, {"start": "00:01:05", "end": "00:01:09", "text": "we're still in bull trend. It maybe"}, {"start": "00:01:07", "end": "00:01:10", "text": "means that we go sideways a bit longer."}, {"start": "00:01:09", "end": "00:01:13", "text": "It maybe means we consolidate a bit"}, {"start": "00:01:10", "end": "00:01:15", "text": "longer. But all in all, the most bullish"}, {"start": "00:01:13", "end": "00:01:17", "text": "scenario is currently in play. Okay,"}, {"start": "00:01:15", "end": "00:01:18", "text": "that's number one. Very important. And I"}, {"start": "00:01:17", "end": "00:01:21", "text": "want you guys to understand that because"}, {"start": "00:01:18", "end": "00:01:22", "text": "when you look on the timeline, it's"}, {"start": "00:01:21", "end": "00:01:24", "text": "depression. Is depression. Although when"}, {"start": "00:01:22", "end": "00:01:26", "text": "you look at Bitcoin chart, you see we're"}, {"start": "00:01:24", "end": "00:01:28", "text": "we're near the highs for this cycle. For"}, {"start": "00:01:26", "end": "00:01:29", "text": "this cycle. So that's number one is in"}, {"start": "00:01:28", "end": "00:01:33", "text": "terms of Bitcoin. Number two, in terms"}, {"start": "00:01:29", "end": "00:01:36", "text": "of alts, should Bitcoin break 86,"}, {"start": "00:01:33", "end": "00:01:39", "text": "basically go to new cycle high, it's a"}, {"start": "00:01:36", "end": "00:01:40", "text": "very nice riskreward for altcoins"}, {"start": "00:01:39", "end": "00:01:42", "text": "because then it means that Bitcoin is"}, {"start": "00:01:40", "end": "00:01:44", "text": "opening up for a new leg up and then all"}, {"start": "00:01:42", "end": "00:01:46", "text": "of the altcoins of course are going to"}, {"start": "00:01:44", "end": "00:01:49", "text": "be running with it. Now, for example,"}, {"start": "00:01:46", "end": "00:01:51", "text": "Bitcoin has been down a bit, 5% or so."}, {"start": "00:01:49", "end": "00:01:55", "text": "Many altcoins have been down, you know,"}, {"start": "00:01:51", "end": "00:01:57", "text": "10%, 15%, 20%. And so the best time to"}, {"start": "00:01:55", "end": "00:01:59", "text": "buy alt is when they flee bullish. For"}, {"start": "00:01:57", "end": "00:02:02", "text": "example, Sana fle bullish a month ago or"}, {"start": "00:01:59", "end": "00:02:04", "text": "so, two months ago already soon and then"}, {"start": "00:02:02", "end": "00:02:05", "text": "pop straight up. Very nice. Uh many"}, {"start": "00:02:04", "end": "00:02:08", "text": "other coins bullish already at the"}, {"start": "00:02:05", "end": "00:02:10", "text": "beginning of September. Uh so the best"}, {"start": "00:02:08", "end": "00:02:11", "text": "time to buy also when it bullish. But"}, {"start": "00:02:10", "end": "00:02:15", "text": "the second best time [clears throat] is"}, {"start": "00:02:11", "end": "00:02:17", "text": "when Bitcoin goes above a significant"}, {"start": "00:02:15", "end": "00:02:19", "text": "level and opens up for a new leg up. So"}, {"start": "00:02:17", "end": "00:02:21", "text": "let's say we are at 86. We go above 86."}, {"start": "00:02:19", "end": "00:02:23", "text": "Then ensuring that you have all the"}, {"start": "00:02:21", "end": "00:02:26", "text": "no-brainers whether it is Sana, whether"}, {"start": "00:02:23", "end": "00:02:29", "text": "it is Zcash, whether it is Hike, whether"}, {"start": "00:02:26", "end": "00:02:31", "text": "it is Venice, I mean all the near near"}, {"start": "00:02:29", "end": "00:02:33", "text": "all these no-brainers just that you have"}, {"start": "00:02:31", "end": "00:02:35", "text": "a nice bag of them. Fantastic."}, {"start": "00:02:33", "end": "00:02:37", "text": "Fantastic. That's number one. Number"}, {"start": "00:02:35", "end": "00:02:38", "text": "two, there are some new flips that have"}, {"start": "00:02:37", "end": "00:02:41", "text": "been doing quite okay because they have"}, {"start": "00:02:38", "end": "00:02:44", "text": "a very good chart. For example, TIA on"}, {"start": "00:02:41", "end": "00:02:47", "text": "Monday in Bullmania. We did discuss TIA"}, {"start": "00:02:44", "end": "00:02:50", "text": "in our private weekly TA because uh it"}, {"start": "00:02:47", "end": "00:02:51", "text": "went bull flip. it had massive massive"}, {"start": "00:02:50", "end": "00:02:54", "text": "massive pump to any kind of previous"}, {"start": "00:02:51", "end": "00:02:57", "text": "resistance and now it's up approximately"}, {"start": "00:02:54", "end": "00:02:58", "text": "20% since then. So just one call that is"}, {"start": "00:02:57", "end": "00:03:00", "text": "very important to highlight in terms of"}, {"start": "00:02:58", "end": "00:03:02", "text": "how the chart looked and even I think we"}, {"start": "00:03:00", "end": "00:03:04", "text": "even discussed it publicly uh on YouTube"}, {"start": "00:03:02", "end": "00:03:07", "text": "as well that the chart looks quite good"}, {"start": "00:03:04", "end": "00:03:09", "text": "in TIA. This was early this week and yes"}, {"start": "00:03:07", "end": "00:03:12", "text": "indeed TIA has been doing very very"}, {"start": "00:03:09", "end": "00:03:14", "text": "well. Some other bull flips that did"}, {"start": "00:03:12", "end": "00:03:16", "text": "happen had volatility. Whether it is"}, {"start": "00:03:14", "end": "00:03:18", "text": "Pangu, whether it is I mean a few other"}, {"start": "00:03:16", "end": "00:03:20", "text": "ones when they went bullish and then"}, {"start": "00:03:18", "end": "00:03:21", "text": "went down pretty fast because Bitcoin"}, {"start": "00:03:20", "end": "00:03:23", "text": "went down. It can happen. But that's"}, {"start": "00:03:21", "end": "00:03:25", "text": "where we have mechanical rules, we have"}, {"start": "00:03:23", "end": "00:03:27", "text": "stop loss, boop, we're protected. And"}, {"start": "00:03:25", "end": "00:03:29", "text": "should the market return, we have new"}, {"start": "00:03:27", "end": "00:03:30", "text": "entries. swept and there are all kinds"}, {"start": "00:03:29", "end": "00:03:32", "text": "of other charts that are going to go"}, {"start": "00:03:30", "end": "00:03:35", "text": "bull or we can enter existing charts"}, {"start": "00:03:32", "end": "00:03:36", "text": "that also look good based on other"}, {"start": "00:03:35", "end": "00:03:39", "text": "things such as for example Bitcoin going"}, {"start": "00:03:36", "end": "00:03:40", "text": "to new cycle high or the lower time"}, {"start": "00:03:39", "end": "00:03:43", "text": "frame for example daily trend going from"}, {"start": "00:03:40", "end": "00:03:46", "text": "bull to from bear to bull uh all of that"}, {"start": "00:03:43", "end": "00:03:49", "text": "is going to be very important to nail as"}, {"start": "00:03:46", "end": "00:03:51", "text": "bitcoin bottoms out somewhere here and"}, {"start": "00:03:49", "end": "00:03:56", "text": "goes higher and higher should bitcoin"}, {"start": "00:03:51", "end": "00:03:58", "text": "fall below 82 no problem no problem um"}, {"start": "00:03:56", "end": "00:04:01", "text": "it's okay probably will mean that allins"}, {"start": "00:03:58", "end": "00:04:02", "text": "are going to dump a bit uh but uh"}, {"start": "00:04:01", "end": "00:04:05", "text": "downside is protected with stop loss"}, {"start": "00:04:02", "end": "00:04:07", "text": "very good uh probably will mean that"}, {"start": "00:04:05", "end": "00:04:08", "text": "bitcoin maybe chops a bit sideways it's"}, {"start": "00:04:07", "end": "00:04:10", "text": "also good because you can think"}, {"start": "00:04:08", "end": "00:04:11", "text": "positively means that you can buy"}, {"start": "00:04:10", "end": "00:04:13", "text": "cheaper you can buy you can accumulate"}, {"start": "00:04:11", "end": "00:04:15", "text": "more at the end of the day they print"}, {"start": "00:04:13", "end": "00:04:18", "text": "money every day and the end of the day"}, {"start": "00:04:15", "end": "00:04:21", "text": "there's no no other solution resolution"}, {"start": "00:04:18", "end": "00:04:23", "text": "for bitcoin than eventually up"}, {"start": "00:04:21", "end": "00:04:26", "text": "eventually there's no other way so guys"}, {"start": "00:04:23", "end": "00:04:28", "text": "smash the like subscribe go to the"}, {"start": "00:04:26", "end": "00:04:30", "text": "newsletter first link in description. Uh"}, {"start": "00:04:28", "end": "00:04:32", "text": "whenever market moves I update you and"}, {"start": "00:04:30", "end": "00:04:34", "text": "when market dumped a lot a few days ago"}, {"start": "00:04:32", "end": "00:04:36", "text": "I also I gave you an email. Uh ensure"}, {"start": "00:04:34", "end": "00:04:41", "text": "you are in the newsletter. Meanwhile"}, {"start": "00:04:36", "end": "00:04:41", "text": "meanwhile over here"}, {"start": "00:04:41", "end": "00:04:45", "text": "taking sun"}, {"start": "00:04:43", "end": "00:04:48", "text": "taking coffee is very nice. It's very"}, {"start": "00:04:45", "end": "00:04:51", "text": "nice. Hold it. It's very nice. Sometimes"}, {"start": "00:04:48", "end": "00:04:54", "text": "say very important. Touch grass. Touch"}, {"start": "00:04:51", "end": "00:04:56", "text": "grass. You are in your vacation. Touch"}, {"start": "00:04:54", "end": "00:04:58", "text": "grass."}, {"start": "00:04:56", "end": "00:05:00", "text": "See you very soon. See you Monday. Smash"}, {"start": "00:04:58", "end": "00:05:03", "text": "the like. Go to newsletter and goodbye"}, {"start": "00:05:00", "end": "00:05:03", "text": "guys. Goodbye. Goodbye."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "I'm ready. Let's go. Let's go live as"}, {"start": "00:00:01", "end": "00:00:05", "text": "soon as possible. We're clicking the"}, {"start": "00:00:02", "end": "00:00:07", "text": "button."}, {"start": "00:00:05", "end": "00:00:08", "text": "Oh yes. Oh yes. Oh yes. Oh yes. Guys,"}, {"start": "00:00:07", "end": "00:00:11", "text": "welcome to another episode. And as you"}, {"start": "00:00:08", "end": "00:00:15", "text": "can see right now, Bitcoin is going"}, {"start": "00:00:11", "end": "00:00:17", "text": "lower. We're now at 80.9. We are now"}, {"start": "00:00:15", "end": "00:00:19", "text": "below this support that we're hoping"}, {"start": "00:00:17", "end": "00:00:22", "text": "it's going to hold. I mean, it's still"}, {"start": "00:00:19", "end": "00:00:24", "text": "three days until the weekly close, but"}, {"start": "00:00:22", "end": "00:00:27", "text": "right now it looks like it's falling"}, {"start": "00:00:24", "end": "00:00:31", "text": "based on the recent news from yesterday"}, {"start": "00:00:27", "end": "00:00:34", "text": "with inflation. Inflation is high."}, {"start": "00:00:31", "end": "00:00:37", "text": "Inflation is very, very high. It sparks"}, {"start": "00:00:34", "end": "00:00:39", "text": "the worst S&P day since July. If we look"}, {"start": "00:00:37", "end": "00:00:42", "text": "at the stock market, the stock market"}, {"start": "00:00:39", "end": "00:00:44", "text": "has been dumping um not too much still."}, {"start": "00:00:42", "end": "00:00:46", "text": "It's still in the bull trend, but people"}, {"start": "00:00:44", "end": "00:00:47", "text": "are nervous. Whenever there is intraday"}, {"start": "00:00:46", "end": "00:00:50", "text": "volatility, people are nervous. When it"}, {"start": "00:00:47", "end": "00:00:52", "text": "comes to S&P, we have the same price as"}, {"start": "00:00:50", "end": "00:00:54", "text": "um two weeks ago. So, if you zoom out,"}, {"start": "00:00:52", "end": "00:00:58", "text": "you see nothing has changed really. But"}, {"start": "00:00:54", "end": "00:01:01", "text": "of course when S&P goes down 1% in a"}, {"start": "00:00:58", "end": "00:01:03", "text": "day, NASDAQ down 2% in a day and"}, {"start": "00:01:01", "end": "00:01:06", "text": "actually going to go even lower now"}, {"start": "00:01:03", "end": "00:01:09", "text": "people are nervous. So this nervousness"}, {"start": "00:01:06", "end": "00:01:12", "text": "is getting into crypto as well. So now"}, {"start": "00:01:09", "end": "00:01:15", "text": "Bitcoin is down a bit, not even that"}, {"start": "00:01:12", "end": "00:01:18", "text": "much in comparison to S&P. S&P and"}, {"start": "00:01:15", "end": "00:01:19", "text": "NASDAQ are down more than Bitcoin. And"}, {"start": "00:01:18", "end": "00:01:22", "text": "likely what's going to happen guys is"}, {"start": "00:01:19", "end": "00:01:24", "text": "the continuation of the rotation from AI"}, {"start": "00:01:22", "end": "00:01:26", "text": "into crypto. Yes, currently there's a"}, {"start": "00:01:24", "end": "00:01:28", "text": "bit of volatility in stocks which"}, {"start": "00:01:26", "end": "00:01:31", "text": "propagates into crypto as well. But on a"}, {"start": "00:01:28", "end": "00:01:34", "text": "big picture, remember since July, since"}, {"start": "00:01:31", "end": "00:01:37", "text": "July, we have been rotating from AI back"}, {"start": "00:01:34", "end": "00:01:40", "text": "into crypto. In October 2025, we said to"}, {"start": "00:01:37", "end": "00:01:42", "text": "move from crypto and then we entered AI."}, {"start": "00:01:40", "end": "00:01:43", "text": "During the summer 2026, we moved from AI"}, {"start": "00:01:42", "end": "00:01:46", "text": "back to crypto. As you can see here, in"}, {"start": "00:01:43", "end": "00:01:49", "text": "July, we said the AI trade is ending."}, {"start": "00:01:46", "end": "00:01:51", "text": "And so, all in all, crypto is still in"}, {"start": "00:01:49", "end": "00:01:53", "text": "early bull while AI stocks are in early"}, {"start": "00:01:51", "end": "00:01:55", "text": "bear. you have many AS stocks"}, {"start": "00:01:53", "end": "00:01:57", "text": "struggling. Look at corewave just during"}, {"start": "00:01:55", "end": "00:01:59", "text": "the last 24 hours. There's a lot of"}, {"start": "00:01:57", "end": "00:02:01", "text": "concerns. There are a lot of concerns"}, {"start": "00:01:59", "end": "00:02:03", "text": "about the the the"}, {"start": "00:02:01", "end": "00:02:05", "text": "stocks. And when we speak about the"}, {"start": "00:02:03", "end": "00:02:09", "text": "stock market, AI is really was driving"}, {"start": "00:02:05", "end": "00:02:12", "text": "it. So as money leaves AI, the natural"}, {"start": "00:02:09", "end": "00:02:16", "text": "home for it, the comfy comfy comfy cozy"}, {"start": "00:02:12", "end": "00:02:19", "text": "cozy home is crypto. Is there volatility"}, {"start": "00:02:16", "end": "00:02:21", "text": "now? Yes, indeed. We see volatility. uh"}, {"start": "00:02:19", "end": "00:02:24", "text": "you know few weeks ago here we were at"}, {"start": "00:02:21", "end": "00:02:25", "text": "75 75 now we're at 80 I mean imagine"}, {"start": "00:02:24", "end": "00:02:27", "text": "here you told someone in a few weeks"}, {"start": "00:02:25", "end": "00:02:28", "text": "going to be 80 it would be merry"}, {"start": "00:02:27", "end": "00:02:30", "text": "Christmas you would be saying merry"}, {"start": "00:02:28", "end": "00:02:32", "text": "Christmas and happy new year you would"}, {"start": "00:02:30", "end": "00:02:35", "text": "be saying you would be saying thanks"}, {"start": "00:02:32", "end": "00:02:38", "text": "happy Thanksgiving now people are scared"}, {"start": "00:02:35", "end": "00:02:40", "text": "people are worried but we're here to"}, {"start": "00:02:38", "end": "00:02:43", "text": "follow the plan follow the system be"}, {"start": "00:02:40", "end": "00:02:46", "text": "bullish in a bull trend Bitcoin is now"}, {"start": "00:02:43", "end": "00:02:49", "text": "in a bull trend and we're bearish in in"}, {"start": "00:02:46", "end": "00:02:51", "text": "the bare trend and Bitcoin now is not an"}, {"start": "00:02:49", "end": "00:02:56", "text": "aversion. So keep the plan. Keep the"}, {"start": "00:02:51", "end": "00:03:00", "text": "plan. Keep the plan. If the plan goes to"}, {"start": "00:02:56", "end": "00:03:04", "text": "zero, you have only yourself to blame"}, {"start": "00:03:00", "end": "00:03:07", "text": "because this is not financial advice."}, {"start": "00:03:04", "end": "00:03:09", "text": "If you read disclaimer carefully, which"}, {"start": "00:03:07", "end": "00:03:11", "text": "you should do always, crypto trading are"}, {"start": "00:03:09", "end": "00:03:13", "text": "high risk and most traders lose money."}, {"start": "00:03:11", "end": "00:03:16", "text": "Results shown are not typical. I may"}, {"start": "00:03:13", "end": "00:03:19", "text": "hold assets I discuss. Do not copy me."}, {"start": "00:03:16", "end": "00:03:21", "text": "It may all go to freaking zero. And"}, {"start": "00:03:19", "end": "00:03:23", "text": "that's the best part with the financial"}, {"start": "00:03:21", "end": "00:03:26", "text": "markets. It can all go to freaking zero."}, {"start": "00:03:23", "end": "00:03:29", "text": "We're speculating. We're speculating. We"}, {"start": "00:03:26", "end": "00:03:32", "text": "go into the arena. Some people say we go"}, {"start": "00:03:29", "end": "00:03:34", "text": "into the casino. And guess what? No"}, {"start": "00:03:32", "end": "00:03:35", "text": "crying in the casino. No crying, guys."}, {"start": "00:03:34", "end": "00:03:37", "text": "Welcome everyone. Welcome everyone who's"}, {"start": "00:03:35", "end": "00:03:38", "text": "watching live. Smash up the like. He's a"}, {"start": "00:03:37", "end": "00:03:40", "text": "good singer. Let me know what you"}, {"start": "00:03:38", "end": "00:03:42", "text": "thought about that musical. That"}, {"start": "00:03:40", "end": "00:03:44", "text": "fantastic, fantastic musical. Smash up"}, {"start": "00:03:42", "end": "00:03:46", "text": "the like. Subscribe if you haven't yet."}, {"start": "00:03:44", "end": "00:03:48", "text": "And let's get straight straight into the"}, {"start": "00:03:46", "end": "00:03:50", "text": "content. By the way, if you're not in"}, {"start": "00:03:48", "end": "00:03:52", "text": "the newsletter yet, go in the first link"}, {"start": "00:03:50", "end": "00:03:54", "text": "of description, sign up for newsletter"}, {"start": "00:03:52", "end": "00:03:57", "text": "because whenever there's volatility,"}, {"start": "00:03:54", "end": "00:03:59", "text": "Ivan is there in your pocket explaining"}, {"start": "00:03:57", "end": "00:04:01", "text": "to you everything what's happening. Free"}, {"start": "00:03:59", "end": "00:04:04", "text": "newsletter, very important. And if you"}, {"start": "00:04:01", "end": "00:04:07", "text": "have more than 100k in your portfolio,"}, {"start": "00:04:04", "end": "00:04:08", "text": "you can apply to join Bull Mania. Very"}, {"start": "00:04:07", "end": "00:04:10", "text": "important to get all the software, all"}, {"start": "00:04:08", "end": "00:04:11", "text": "the tools, all the trading strategies."}, {"start": "00:04:10", "end": "00:04:13", "text": "And also in Q1, we're going to have an"}, {"start": "00:04:11", "end": "00:04:15", "text": "event for Bulmania members. So if you"}, {"start": "00:04:13", "end": "00:04:16", "text": "are in Bulma, you will be able to buy"}, {"start": "00:04:15", "end": "00:04:18", "text": "ticket for the uh for the event as well"}, {"start": "00:04:16", "end": "00:04:21", "text": "where we can all meet in person and can"}, {"start": "00:04:18", "end": "00:04:23", "text": "have nice kumbaya in person. So guys,"}, {"start": "00:04:21", "end": "00:04:24", "text": "looking at the stock market, it's down a"}, {"start": "00:04:23", "end": "00:04:28", "text": "bit. Looking at the NASDAQ, it seems"}, {"start": "00:04:24", "end": "00:04:30", "text": "that it wants to go lower and S&P"}, {"start": "00:04:28", "end": "00:04:32", "text": "uh actually S&P wants to go a bit"}, {"start": "00:04:30", "end": "00:04:35", "text": "higher. When I look at S&P futures"}, {"start": "00:04:32", "end": "00:04:37", "text": "versus versus the close, uh S&P actually"}, {"start": "00:04:35", "end": "00:04:39", "text": "wants to open a bit higher than the"}, {"start": "00:04:37", "end": "00:04:41", "text": "close. And these things they can change"}, {"start": "00:04:39", "end": "00:04:42", "text": "very fast. I mean, yesterday was a bit"}, {"start": "00:04:41", "end": "00:04:45", "text": "concerned. Tomorrow you wake up, boop,"}, {"start": "00:04:42", "end": "00:04:47", "text": "it's bullish again. So just be bull in a"}, {"start": "00:04:45", "end": "00:04:48", "text": "bull trend and NASDAQ is still in a bull"}, {"start": "00:04:47", "end": "00:04:50", "text": "trend and S&P is in bull trend. Should"}, {"start": "00:04:48", "end": "00:04:52", "text": "it go bare trend, we're going to adapt."}, {"start": "00:04:50", "end": "00:04:54", "text": "Okay, should go bare trend, we're going"}, {"start": "00:04:52", "end": "00:04:56", "text": "to be riskoff. It's important. If if we"}, {"start": "00:04:54", "end": "00:04:59", "text": "are bare trended NASDAQ, we're bearish"}, {"start": "00:04:56", "end": "00:05:01", "text": "NASDAQ. Simple simple because if NASDAQ"}, {"start": "00:04:59", "end": "00:05:04", "text": "decides that it wants to go to the 200E"}, {"start": "00:05:01", "end": "00:05:06", "text": "moving average here, which sometimes it"}, {"start": "00:05:04", "end": "00:05:09", "text": "comes very close to like here and like"}, {"start": "00:05:06", "end": "00:05:10", "text": "here, uh we would rather just jump back"}, {"start": "00:05:09", "end": "00:05:13", "text": "when it goes bull again. like for"}, {"start": "00:05:10", "end": "00:05:15", "text": "example uh back here and then ride the"}, {"start": "00:05:13", "end": "00:05:17", "text": "next leg up. That's my strategy because"}, {"start": "00:05:15", "end": "00:05:19", "text": "protecting downside is very important."}, {"start": "00:05:17", "end": "00:05:21", "text": "If you multiply yourself by zero, you"}, {"start": "00:05:19", "end": "00:05:24", "text": "have zero and it's very hard to grow"}, {"start": "00:05:21", "end": "00:05:26", "text": "zero. I would rather to be risk off in a"}, {"start": "00:05:24", "end": "00:05:29", "text": "bare trend. Even if the bare trend is"}, {"start": "00:05:26", "end": "00:05:32", "text": "short, you can jump back when the bull"}, {"start": "00:05:29", "end": "00:05:33", "text": "trend happens and u maybe the bare trend"}, {"start": "00:05:32", "end": "00:05:35", "text": "ends very quickly. Maybe it is like a"}, {"start": "00:05:33", "end": "00:05:39", "text": "bare fake out. It was just just goes"}, {"start": "00:05:35", "end": "00:05:41", "text": "down and then continues up. I love money"}, {"start": "00:05:39", "end": "00:05:44", "text": "too much to have downside. We're boop,"}, {"start": "00:05:41", "end": "00:05:47", "text": "we're out. Better trend, we're out. Bull"}, {"start": "00:05:44", "end": "00:05:50", "text": "trend, let's go. NASDAQ cannot keep keep"}, {"start": "00:05:47", "end": "00:05:53", "text": "moving without u being in a bull trend."}, {"start": "00:05:50", "end": "00:05:55", "text": "So, it's way way better to jump on the"}, {"start": "00:05:53", "end": "00:05:57", "text": "bull trend and then avoid the bear. Jump"}, {"start": "00:05:55", "end": "00:05:59", "text": "on bull, avoid the bear. So, for now"}, {"start": "00:05:57", "end": "00:06:02", "text": "though, we're very very bullish. There's"}, {"start": "00:05:59", "end": "00:06:05", "text": "a bunch of support here for NASDAQ. A"}, {"start": "00:06:02", "end": "00:06:09", "text": "lot, a lot, a lot, a lot. uh and uh as"}, {"start": "00:06:05", "end": "00:06:11", "text": "long as there is still some some fuel in"}, {"start": "00:06:09", "end": "00:06:14", "text": "the tank for a stocks, it will keep"}, {"start": "00:06:11", "end": "00:06:15", "text": "running and um um we're going to adapt"}, {"start": "00:06:14", "end": "00:06:18", "text": "otherwise. So that's that with the uh"}, {"start": "00:06:15", "end": "00:06:22", "text": "with the last 24hour volatility. Uh look"}, {"start": "00:06:18", "end": "00:06:24", "text": "here SEC approves binary option on"}, {"start": "00:06:22", "end": "00:06:27", "text": "company KPIs. So yeah, a bit unrelated"}, {"start": "00:06:24", "end": "00:06:30", "text": "to crypto, but uh more and more uh uh"}, {"start": "00:06:27", "end": "00:06:32", "text": "more and more ways to speculate on"}, {"start": "00:06:30", "end": "00:06:34", "text": "different um things and all of this is"}, {"start": "00:06:32", "end": "00:06:35", "text": "also going to come on chain. All these"}, {"start": "00:06:34", "end": "00:06:36", "text": "new rules is also going to come on"}, {"start": "00:06:35", "end": "00:06:38", "text": "chain. So you can speculate on"}, {"start": "00:06:36", "end": "00:06:42", "text": "everything on chain very very soon. Uh"}, {"start": "00:06:38", "end": "00:06:45", "text": "this is important. US Treasury on pays"}, {"start": "00:06:42", "end": "00:06:47", "text": "for 24 billion plus debt buybacks this"}, {"start": "00:06:45", "end": "00:06:49", "text": "month. This is massive. This is massive"}, {"start": "00:06:47", "end": "00:06:51", "text": "because they need to control the curve"}, {"start": "00:06:49", "end": "00:06:55", "text": "yield curve. They need to ensure that"}, {"start": "00:06:51", "end": "00:06:56", "text": "yield goes down and uh uh yeah it's"}, {"start": "00:06:55", "end": "00:06:57", "text": "going to be a bigger and bigger story"}, {"start": "00:06:56", "end": "00:06:58", "text": "that governments are buying back their"}, {"start": "00:06:57", "end": "00:07:00", "text": "own debt. We're speaking about it every"}, {"start": "00:06:58", "end": "00:07:03", "text": "day. Every day I speak about it because"}, {"start": "00:07:00", "end": "00:07:05", "text": "we will have a sovereign debt crisis."}, {"start": "00:07:03", "end": "00:07:07", "text": "The only way to solve it is by"}, {"start": "00:07:05", "end": "00:07:09", "text": "governments printing money, buying their"}, {"start": "00:07:07", "end": "00:07:11", "text": "debt, printing money, buying their debt."}, {"start": "00:07:09", "end": "00:07:13", "text": "Currently it is the Treasury. So not yet"}, {"start": "00:07:11", "end": "00:07:15", "text": "the Fed. So this money is currently not"}, {"start": "00:07:13", "end": "00:07:19", "text": "printed. It's used from the budget of"}, {"start": "00:07:15", "end": "00:07:21", "text": "the Treasury. But budget is not endless."}, {"start": "00:07:19", "end": "00:07:22", "text": "budget is not endless. Uh they will have"}, {"start": "00:07:21", "end": "00:07:24", "text": "to print sooner or later and these"}, {"start": "00:07:22", "end": "00:07:26", "text": "numbers are quite small in comparison to"}, {"start": "00:07:24", "end": "00:07:29", "text": "the uh to the whole debt and how much"}, {"start": "00:07:26", "end": "00:07:31", "text": "really they have to manage. Um so yeah"}, {"start": "00:07:29", "end": "00:07:34", "text": "uh everything will end with a printer."}, {"start": "00:07:31", "end": "00:07:37", "text": "Uh stablecoin dry powder 305 billion"}, {"start": "00:07:34", "end": "00:07:41", "text": "stables on the sidelines. Okay. As soon"}, {"start": "00:07:37", "end": "00:07:43", "text": "as bitcoin goes towards 100k a lot of"}, {"start": "00:07:41", "end": "00:07:45", "text": "this is going to start pouring straight"}, {"start": "00:07:43", "end": "00:07:47", "text": "back into crypto. And it's interesting"}, {"start": "00:07:45", "end": "00:07:50", "text": "how"}, {"start": "00:07:47", "end": "00:07:52", "text": "I mean I'm I'm a I'm an avid how say I'm"}, {"start": "00:07:50", "end": "00:07:54", "text": "an avid student of human emotion avid"}, {"start": "00:07:52", "end": "00:07:56", "text": "student of the market because the"}, {"start": "00:07:54", "end": "00:07:58", "text": "emotion now is bearish but I mean"}, {"start": "00:07:56", "end": "00:07:59", "text": "literally you look look at the chart now"}, {"start": "00:07:58", "end": "00:08:01", "text": "look at the chart look at where we were"}, {"start": "00:07:59", "end": "00:08:03", "text": "just a month ago we were here at 70"}, {"start": "00:08:01", "end": "00:08:06", "text": "something something uh but the human"}, {"start": "00:08:03", "end": "00:08:08", "text": "emotion is is crazy if everyone feels so"}, {"start": "00:08:06", "end": "00:08:12", "text": "depressed everyone is saying you know"}, {"start": "00:08:08", "end": "00:08:14", "text": "game over it's a B it could be a B and"}, {"start": "00:08:12", "end": "00:08:16", "text": "you have to manage risk always But at"}, {"start": "00:08:14", "end": "00:08:17", "text": "the end of the day, we're never happy."}, {"start": "00:08:16", "end": "00:08:20", "text": "There's always going to be a wall of"}, {"start": "00:08:17", "end": "00:08:22", "text": "worry. There's we're climbing the wall"}, {"start": "00:08:20", "end": "00:08:23", "text": "of worry. And that's okay. That's how it"}, {"start": "00:08:22", "end": "00:08:26", "text": "should be. In a bull market, there's"}, {"start": "00:08:23", "end": "00:08:28", "text": "always a wall of worry. And whenever we"}, {"start": "00:08:26", "end": "00:08:32", "text": "reach some significant number, let's say"}, {"start": "00:08:28", "end": "00:08:35", "text": "we reach 100k, suddenly that wall"}, {"start": "00:08:32", "end": "00:08:36", "text": "becomes weaker and normies they flood"}, {"start": "00:08:35", "end": "00:08:39", "text": "in. They we open the floodgate, the"}, {"start": "00:08:36", "end": "00:08:40", "text": "norm, they flood in. New capital floods"}, {"start": "00:08:39", "end": "00:08:43", "text": "in. Even people currently on the"}, {"start": "00:08:40", "end": "00:08:47", "text": "sidelines should we go to 100k flood in."}, {"start": "00:08:43", "end": "00:08:50", "text": "Okay. So you either have the money line"}, {"start": "00:08:47", "end": "00:08:52", "text": "or other ways to see where the trend is."}, {"start": "00:08:50", "end": "00:08:55", "text": "There are different ways to see that. Or"}, {"start": "00:08:52", "end": "00:08:57", "text": "you are just uh norm and you follow the"}, {"start": "00:08:55", "end": "00:09:01", "text": "headline. Yeah. See big headline Bitcoin"}, {"start": "00:08:57", "end": "00:09:03", "text": "100K you flattened. Okay. So basically"}, {"start": "00:09:01", "end": "00:09:05", "text": "don't be surprised that every day"}, {"start": "00:09:03", "end": "00:09:07", "text": "there's a bit of worry. Don't be"}, {"start": "00:09:05", "end": "00:09:10", "text": "surprised that every day you don't have"}, {"start": "00:09:07", "end": "00:09:12", "text": "this 100% confident feeling that uh"}, {"start": "00:09:10", "end": "00:09:14", "text": "everything is up only because in a bull"}, {"start": "00:09:12", "end": "00:09:16", "text": "market there is never such a feeling"}, {"start": "00:09:14", "end": "00:09:19", "text": "even if you zoom out you look here in"}, {"start": "00:09:16", "end": "00:09:20", "text": "the last bull market um I can tell you"}, {"start": "00:09:19", "end": "00:09:22", "text": "there was never such a feeling that I"}, {"start": "00:09:20", "end": "00:09:24", "text": "would just sit and relax and everything"}, {"start": "00:09:22", "end": "00:09:26", "text": "is up only we entered bull trend here"}, {"start": "00:09:24", "end": "00:09:29", "text": "then boop boop boop boop it went down it"}, {"start": "00:09:26", "end": "00:09:30", "text": "went down quite a lot here then pop then"}, {"start": "00:09:29", "end": "00:09:34", "text": "went down even more I mean look here"}, {"start": "00:09:30", "end": "00:09:37", "text": "from this peak right here to this low it"}, {"start": "00:09:34", "end": "00:09:39", "text": "was 23%. I mean, imagine we just flipped"}, {"start": "00:09:37", "end": "00:09:42", "text": "bullish. Bitcoin flipped into bull trend"}, {"start": "00:09:39", "end": "00:09:44", "text": "and dumped 23%. This was all in the last"}, {"start": "00:09:42", "end": "00:09:45", "text": "uh bull market. It looks so nice when"}, {"start": "00:09:44", "end": "00:09:48", "text": "you zoom out, but when you zoom in, you"}, {"start": "00:09:45", "end": "00:09:49", "text": "see what happened here, for example, you"}, {"start": "00:09:48", "end": "00:09:51", "text": "know what people said here? Double top."}, {"start": "00:09:49", "end": "00:09:55", "text": "They said here, they said it's double"}, {"start": "00:09:51", "end": "00:09:56", "text": "top. They said it's fito double top."}, {"start": "00:09:55", "end": "00:09:59", "text": "I mean, literally without the bull"}, {"start": "00:09:56", "end": "00:10:00", "text": "trend, there's no way to there's no way"}, {"start": "00:09:59", "end": "00:10:02", "text": "of navigate the market without knowing"}, {"start": "00:10:00", "end": "00:10:04", "text": "whether we're bullish or bearish. And"}, {"start": "00:10:02", "end": "00:10:07", "text": "here, by the way, from this peak right"}, {"start": "00:10:04", "end": "00:10:10", "text": "here to this low, it was also 20%. So,"}, {"start": "00:10:07", "end": "00:10:12", "text": "just Bitcoin lost 23% here. Then another"}, {"start": "00:10:10", "end": "00:10:14", "text": "20%, it lost here. I'm just putting"}, {"start": "00:10:12", "end": "00:10:16", "text": "things into perspective for you because"}, {"start": "00:10:14", "end": "00:10:20", "text": "emotions are are running high and"}, {"start": "00:10:16", "end": "00:10:24", "text": "Bitcoin is down like 7% from the high or"}, {"start": "00:10:20", "end": "00:10:27", "text": "here it was down another 21%. Okay. And"}, {"start": "00:10:24", "end": "00:10:28", "text": "so, if we look now at the current dip, I"}, {"start": "00:10:27", "end": "00:10:29", "text": "don't even want to say it's a"}, {"start": "00:10:28", "end": "00:10:33", "text": "correction, but you know, the current"}, {"start": "00:10:29", "end": "00:10:36", "text": "dip, how much it is down? It's down 7%."}, {"start": "00:10:33", "end": "00:10:38", "text": "Okay. So, all in all guys, nothing has"}, {"start": "00:10:36", "end": "00:10:40", "text": "changed for me. Nothing has changed for"}, {"start": "00:10:38", "end": "00:10:42", "text": "me. Uh, let me know what you think about"}, {"start": "00:10:40", "end": "00:10:45", "text": "the the title and the headline. What is"}, {"start": "00:10:42", "end": "00:10:48", "text": "the title today? The title today is uh"}, {"start": "00:10:45", "end": "00:10:49", "text": "what did I write? I don't ah Bitcoin"}, {"start": "00:10:48", "end": "00:10:51", "text": "losing support. Oh my god. Exactly."}, {"start": "00:10:49", "end": "00:10:52", "text": "Exactly. Exactly. And and this is the"}, {"start": "00:10:51", "end": "00:10:54", "text": "this is the picture. This is the"}, {"start": "00:10:52", "end": "00:10:56", "text": "picture. Again, when I write the title,"}, {"start": "00:10:54", "end": "00:10:59", "text": "guys, this is not how I feel. This is"}, {"start": "00:10:56", "end": "00:11:02", "text": "how the average plebe scrolling YouTube"}, {"start": "00:10:59", "end": "00:11:04", "text": "feels. So my job is to ensure that you"}, {"start": "00:11:02", "end": "00:11:07", "text": "know the pleb they click click you know"}, {"start": "00:11:04", "end": "00:11:09", "text": "monkey and then neuron activation in the"}, {"start": "00:11:07", "end": "00:11:11", "text": "brain from the picture and then click"}, {"start": "00:11:09", "end": "00:11:13", "text": "click let no guess if it works for you"}, {"start": "00:11:11", "end": "00:11:15", "text": "actually sometimes it works for me"}, {"start": "00:11:13", "end": "00:11:18", "text": "sometimes I have another account that I"}, {"start": "00:11:15", "end": "00:11:20", "text": "use um for watching you know for"}, {"start": "00:11:18", "end": "00:11:22", "text": "watching other stuff uh which is not my"}, {"start": "00:11:20", "end": "00:11:24", "text": "main account and sometimes I get my own"}, {"start": "00:11:22", "end": "00:11:27", "text": "stream recommended there I'm like wow"}, {"start": "00:11:24", "end": "00:11:30", "text": "what the hell it's me man it's me like"}, {"start": "00:11:27", "end": "00:11:31", "text": "what is this YouTube What is this"}, {"start": "00:11:30", "end": "00:11:33", "text": "Bitcoin YouTube channel? I'm like, man,"}, {"start": "00:11:31", "end": "00:11:35", "text": "ah, it's just me, man. Fantastic"}, {"start": "00:11:33", "end": "00:11:38", "text": "thumbnail."}, {"start": "00:11:35", "end": "00:11:41", "text": "It's It's all about getting the neuron"}, {"start": "00:11:38", "end": "00:11:44", "text": "activation in the plebarian frontal"}, {"start": "00:11:41", "end": "00:11:46", "text": "cortex. So, playback click. I mean, it"}, {"start": "00:11:44", "end": "00:11:49", "text": "works even for me, man. It works. Okay,"}, {"start": "00:11:46", "end": "00:11:52", "text": "I'm also play in the way. Fantastic."}, {"start": "00:11:49", "end": "00:11:54", "text": "Fantastic. So, guys, that's that. Uh,"}, {"start": "00:11:52", "end": "00:11:55", "text": "there's some guy always complaining"}, {"start": "00:11:54", "end": "00:11:57", "text": "about the volume, guys. Is the volume"}, {"start": "00:11:55", "end": "00:11:59", "text": "working? I don't know. Maybe he needs"}, {"start": "00:11:57", "end": "00:12:01", "text": "some um hearing aid or something. Is the"}, {"start": "00:11:59", "end": "00:12:03", "text": "volume good? It seems good. I see here"}, {"start": "00:12:01", "end": "00:12:05", "text": "the equalizer or how you say this, you"}, {"start": "00:12:03", "end": "00:12:08", "text": "know, audio. It's It's almost red. It's"}, {"start": "00:12:05", "end": "00:12:11", "text": "almost red. So, either check your ear,"}, {"start": "00:12:08", "end": "00:12:13", "text": "increase the volume, go to a doctor"}, {"start": "00:12:11", "end": "00:12:15", "text": "because something is wrong with your"}, {"start": "00:12:13", "end": "00:12:17", "text": "ear, man. Uh or or it's me. Do you guys"}, {"start": "00:12:15", "end": "00:12:19", "text": "hear me? Check. Check check. Let me take"}, {"start": "00:12:17", "end": "00:12:22", "text": "a bit of coffee. Let me check. Uh uh let"}, {"start": "00:12:19", "end": "00:12:25", "text": "me take a bit of coffee."}, {"start": "00:12:22", "end": "00:12:26", "text": "Check check."}, {"start": "00:12:25", "end": "00:12:31", "text": "It's good. It's good. It's good. is"}, {"start": "00:12:26", "end": "00:12:32", "text": "good. Uh, it's max. Exactly. It's max."}, {"start": "00:12:31", "end": "00:12:34", "text": "Check. Check. Let me see. I can increase"}, {"start": "00:12:32", "end": "00:12:35", "text": "it a bit. Check, check, check, check,"}, {"start": "00:12:34", "end": "00:12:37", "text": "check. Let's see. Is it here? Increase."}, {"start": "00:12:35", "end": "00:12:39", "text": "Check. Check. Oh, no. No. Max. It's"}, {"start": "00:12:37", "end": "00:12:40", "text": "here. Check. Check. Check. Check. Check."}, {"start": "00:12:39", "end": "00:12:41", "text": "I I can do it like this, but it's going"}, {"start": "00:12:40", "end": "00:12:44", "text": "to be clipping. It's clipping for you or"}, {"start": "00:12:41", "end": "00:12:45", "text": "no clipping. Check, check, check, check,"}, {"start": "00:12:44", "end": "00:12:49", "text": "check, check, check. Okay, guys. Anyway,"}, {"start": "00:12:45", "end": "00:12:52", "text": "while uh we are figuring that out, we"}, {"start": "00:12:49", "end": "00:12:56", "text": "have a new cinematography here about the"}, {"start": "00:12:52", "end": "00:13:01", "text": "history of the Mongolian Empire and"}, {"start": "00:12:56", "end": "00:13:04", "text": "Chingisan Khan. Okay, listen to this."}, {"start": "00:13:01", "end": "00:13:07", "text": "In the year 1241, the Golden Horde"}, {"start": "00:13:04", "end": "00:13:10", "text": "conquered half the world. My name is"}, {"start": "00:13:07", "end": "00:13:14", "text": "Ivan Batur onai. I ride at the front."}, {"start": "00:13:10", "end": "00:13:16", "text": "Our leader is Sailor Khn. He has never"}, {"start": "00:13:14", "end": "00:13:19", "text": "sold anything ever. When we conquer a"}, {"start": "00:13:16", "end": "00:13:20", "text": "city, we take its gold and convert it to"}, {"start": "00:13:19", "end": "00:13:23", "text": "Bitcoin."}, {"start": "00:13:20", "end": "00:13:25", "text": "This is Bitbatu. The Khan captured him"}, {"start": "00:13:23", "end": "00:13:27", "text": "years ago. He still wears his prison"}, {"start": "00:13:25", "end": "00:13:31", "text": "clothes."}, {"start": "00:13:27", "end": "00:13:33", "text": ">> Our enemy is Alan Shifuai, king of gold."}, {"start": "00:13:31", "end": "00:13:36", "text": ">> Every winter he says Bitcoin will go to"}, {"start": "00:13:33", "end": "00:13:38", "text": "zero. Every winter the Khan buys more. I"}, {"start": "00:13:36", "end": "00:13:41", "text": "trust only the mechanical rules, the"}, {"start": "00:13:38", "end": "00:13:45", "text": "bow, the horse. 21 million. The Khan"}, {"start": "00:13:41", "end": "00:13:49", "text": "gave Bitbatu the keys to the treasury."}, {"start": "00:13:45", "end": "00:13:49", "text": "We are still looking for them."}, {"start": "00:13:50", "end": "00:13:56", "text": "Big shout out to small peep. This this"}, {"start": "00:13:53", "end": "00:13:56", "text": "is cinemat."}, {"start": "00:13:58", "end": "00:14:02", "text": "I mean this guy is releasing banger"}, {"start": "00:13:59", "end": "00:14:04", "text": "after banger after banger from the"}, {"start": "00:14:02", "end": "00:14:08", "text": "Mongolian Empire with teleport to a"}, {"start": "00:14:04", "end": "00:14:12", "text": "galaxy far far far away. Listen to this."}, {"start": "00:14:08", "end": "00:14:15", "text": "A long time ago in a bull market far far"}, {"start": "00:14:12", "end": "00:14:18", "text": "away. My name is Ivan Kenobi. I trust"}, {"start": "00:14:15", "end": "00:14:21", "text": "only the mechanical rules, the force,"}, {"start": "00:14:18", "end": "00:14:24", "text": "the howing 21 million. This is"}, {"start": "00:14:21", "end": "00:14:28", "text": "Grandmaster Lee. He can see the future."}, {"start": "00:14:24", "end": "00:14:30", "text": "In every vision, the chart goes up. When"}, {"start": "00:14:28", "end": "00:14:32", "text": "the bear empire crashed the market,"}, {"start": "00:14:30", "end": "00:14:36", "text": "Master Lee told us, \"Buy the dip. You"}, {"start": "00:14:32", "end": "00:14:39", "text": "must.\" The bear lord has many weapons."}, {"start": "00:14:36", "end": "00:14:42", "text": "Fear, leverage, liquidations."}, {"start": "00:14:39", "end": "00:14:45", "text": "This is Ben Solo. He was frozen in"}, {"start": "00:14:42", "end": "00:14:47", "text": "carbonite in his prison clothes. We"}, {"start": "00:14:45", "end": "00:14:50", "text": "unfroze him for the bull run. His first"}, {"start": "00:14:47", "end": "00:14:54", "text": "question was, \"When Lambo?\" Master Lee"}, {"start": "00:14:50", "end": "00:14:54", "text": "says, \"This bull run will last forever.\""}, {"start": "00:14:54", "end": "00:15:01", "text": "Ben promised to hold through the next"}, {"start": "00:14:56", "end": "00:15:01", "text": "bare market. We are making sure."}, {"start": "00:15:01", "end": "00:15:08", "text": "Big shout to small PP. So uh bit battle"}, {"start": "00:15:06", "end": "00:15:11", "text": "Ben Katanobi was his code. Big shout out"}, {"start": "00:15:08", "end": "00:15:13", "text": "guys. Uh let's get uh to Q&A as soon as"}, {"start": "00:15:11", "end": "00:15:16", "text": "possible because many questions about"}, {"start": "00:15:13", "end": "00:15:18", "text": "the about the market. Uh in terms of let"}, {"start": "00:15:16", "end": "00:15:21", "text": "me take one already because someone was"}, {"start": "00:15:18", "end": "00:15:22", "text": "asking about what if it's a bare market"}, {"start": "00:15:21", "end": "00:15:24", "text": "rally. Someone is asking what if it's a"}, {"start": "00:15:22", "end": "00:15:26", "text": "bare market rally. So here's the"}, {"start": "00:15:24", "end": "00:15:29", "text": "beautiful thing. We don't know. It could"}, {"start": "00:15:26", "end": "00:15:32", "text": "be a bare market rally, but we have the"}, {"start": "00:15:29", "end": "00:15:34", "text": "probabilities that if it is bull trend,"}, {"start": "00:15:32", "end": "00:15:36", "text": "it's just less likely. It's less likely."}, {"start": "00:15:34", "end": "00:15:37", "text": "I mean, anything is possible. If it's"}, {"start": "00:15:36", "end": "00:15:40", "text": "bare market rally, we're going to go"}, {"start": "00:15:37", "end": "00:15:41", "text": "bare trend here. Okay. Uh so, at the end"}, {"start": "00:15:40", "end": "00:15:43", "text": "of the day, could it be bare market"}, {"start": "00:15:41", "end": "00:15:46", "text": "rally? It could be. But at the end of"}, {"start": "00:15:43", "end": "00:15:48", "text": "the day, you have number one uh 200 B"}, {"start": "00:15:46", "end": "00:15:52", "text": "moving average, which is normally"}, {"start": "00:15:48", "end": "00:15:54", "text": "longterm support. Why why is it unlikely"}, {"start": "00:15:52", "end": "00:15:56", "text": "to be benmark trend? because you have"}, {"start": "00:15:54", "end": "00:15:58", "text": "200 week moving average which we hit."}, {"start": "00:15:56", "end": "00:16:00", "text": "It's a long-term support. Normally, if"}, {"start": "00:15:58", "end": "00:16:01", "text": "you can buy around 200 moving average,"}, {"start": "00:16:00", "end": "00:16:03", "text": "it's very very good. So, that's number"}, {"start": "00:16:01", "end": "00:16:05", "text": "one. And we already started buying here"}, {"start": "00:16:03", "end": "00:16:07", "text": "during the summer below the 200 moving"}, {"start": "00:16:05", "end": "00:16:09", "text": "average. So, that's the first signal why"}, {"start": "00:16:07", "end": "00:16:11", "text": "it's just less likely that it's a bare"}, {"start": "00:16:09", "end": "00:16:13", "text": "market rally because we hit a"}, {"start": "00:16:11", "end": "00:16:16", "text": "significant milestone here. Again, less"}, {"start": "00:16:13", "end": "00:16:17", "text": "likely, not that it's not guaranteed."}, {"start": "00:16:16", "end": "00:16:18", "text": "Nothing is guaranteed. It could be a"}, {"start": "00:16:17", "end": "00:16:21", "text": "bare market rally. Who the hell knows?"}, {"start": "00:16:18", "end": "00:16:23", "text": "Uh, number two. Number two, it is bull"}, {"start": "00:16:21", "end": "00:16:27", "text": "trend meaning that we've had enough up"}, {"start": "00:16:23", "end": "00:16:29", "text": "thrust. So that this being a bare market"}, {"start": "00:16:27", "end": "00:16:31", "text": "rally is just less likely. Now we need"}, {"start": "00:16:29", "end": "00:16:34", "text": "the third confirmation and that's that"}, {"start": "00:16:31", "end": "00:16:36", "text": "we really use this previous um high as"}, {"start": "00:16:34", "end": "00:16:39", "text": "support and really start creating a new"}, {"start": "00:16:36", "end": "00:16:40", "text": "series of higher highs and higher lows."}, {"start": "00:16:39", "end": "00:16:42", "text": "But just get away from this thinking."}, {"start": "00:16:40", "end": "00:16:43", "text": "No, what if what if you want certainty?"}, {"start": "00:16:42", "end": "00:16:46", "text": "There's no certainty, man. There's no"}, {"start": "00:16:43", "end": "00:16:47", "text": "certainty. It could be could be B. I"}, {"start": "00:16:46", "end": "00:16:50", "text": "don't care. I don't care. We just place"}, {"start": "00:16:47", "end": "00:16:51", "text": "our bets in the best possible way where"}, {"start": "00:16:50", "end": "00:16:53", "text": "we're bullish in a bull trend. We're"}, {"start": "00:16:51", "end": "00:16:56", "text": "accumulating around the 200 moving"}, {"start": "00:16:53", "end": "00:16:59", "text": "average. That is how we play play our"}, {"start": "00:16:56", "end": "00:17:02", "text": "hand. We throw our dice. Should should"}, {"start": "00:16:59", "end": "00:17:03", "text": "the reality go against us in such a way"}, {"start": "00:17:02", "end": "00:17:06", "text": "where man buying a 200 week moving"}, {"start": "00:17:03", "end": "00:17:07", "text": "average was bad. Buying bullshand was"}, {"start": "00:17:06", "end": "00:17:10", "text": "bad. We've done everything. I mean"}, {"start": "00:17:07", "end": "00:17:11", "text": "literally we've done everything. So it"}, {"start": "00:17:10", "end": "00:17:13", "text": "can still happen that you do everything."}, {"start": "00:17:11", "end": "00:17:15", "text": "It's like in life guys you know it's it"}, {"start": "00:17:13", "end": "00:17:17", "text": "becomes a bit philosophical but it's"}, {"start": "00:17:15", "end": "00:17:19", "text": "like in life you can do everything right"}, {"start": "00:17:17", "end": "00:17:21", "text": "and still get wrecked. Okay? You can do"}, {"start": "00:17:19", "end": "00:17:23", "text": "everything right and still have a bad"}, {"start": "00:17:21", "end": "00:17:25", "text": "outcome. You understand? The same with"}, {"start": "00:17:23", "end": "00:17:26", "text": "with market outcome is not guaranteed."}, {"start": "00:17:25", "end": "00:17:28", "text": "You can just do your best. You can"}, {"start": "00:17:26", "end": "00:17:30", "text": "position in the best way possible. And"}, {"start": "00:17:28", "end": "00:17:32", "text": "even the best investors in the world"}, {"start": "00:17:30", "end": "00:17:34", "text": "don't have perfect hit rate either. It's"}, {"start": "00:17:32", "end": "00:17:37", "text": "okay. It's okay. You understand? It's"}, {"start": "00:17:34", "end": "00:17:39", "text": "okay. Now what's good is that this has"}, {"start": "00:17:37", "end": "00:17:41", "text": "worked fantastically well cycle after"}, {"start": "00:17:39", "end": "00:17:44", "text": "cycle after cycle. So the probability is"}, {"start": "00:17:41", "end": "00:17:50", "text": "on your side. Will there be some cycle"}, {"start": "00:17:44", "end": "00:17:52", "text": "at some point where we go bull trend we"}, {"start": "00:17:50", "end": "00:17:54", "text": "hit 200 moving average like everything"}, {"start": "00:17:52", "end": "00:17:57", "text": "is fantastic and then bam it goes to"}, {"start": "00:17:54", "end": "00:18:00", "text": "zero. I mean theoretically possible."}, {"start": "00:17:57", "end": "00:18:02", "text": "Theoretically possible."}, {"start": "00:18:00", "end": "00:18:06", "text": "Hopefully it doesn't go fast enough and"}, {"start": "00:18:02", "end": "00:18:09", "text": "we can exit with Ban. Okay, so that's"}, {"start": "00:18:06", "end": "00:18:15", "text": "that. Uh guys, very important news. We"}, {"start": "00:18:09", "end": "00:18:17", "text": "have Richard Hart getting arrested in um"}, {"start": "00:18:15", "end": "00:18:22", "text": "where is it? Istanbul. Istanbul. Why is"}, {"start": "00:18:17", "end": "00:18:25", "text": "it important? Because this is how hexans"}, {"start": "00:18:22", "end": "00:18:26", "text": "I mean some of them at least can finally"}, {"start": "00:18:25", "end": "00:18:29", "text": "be free. This is what I wrote."}, {"start": "00:18:26", "end": "00:18:32", "text": "Congratulations, you are free. Normally"}, {"start": "00:18:29", "end": "00:18:34", "text": "people refuse to exit cults or scams on"}, {"start": "00:18:32", "end": "00:18:36", "text": "their own. Look at for example one coin"}, {"start": "00:18:34", "end": "00:18:37", "text": "mine. It took a long time for them to"}, {"start": "00:18:36", "end": "00:18:39", "text": "understand that it's a scam. Some people"}, {"start": "00:18:37", "end": "00:18:41", "text": "still think it's not a scam after Roua"}, {"start": "00:18:39", "end": "00:18:43", "text": "disappeared and everything for 10 plus"}, {"start": "00:18:41", "end": "00:18:46", "text": "years. Some people are still living"}, {"start": "00:18:43", "end": "00:18:47", "text": "there in the in the in the cult. So it's"}, {"start": "00:18:46", "end": "00:18:49", "text": "easier to scam someone than convince"}, {"start": "00:18:47", "end": "00:18:51", "text": "that they have that they have been"}, {"start": "00:18:49", "end": "00:18:54", "text": "scammed. Therefore your messiah getting"}, {"start": "00:18:51", "end": "00:18:56", "text": "captured is bullish for you. Now, the"}, {"start": "00:18:54", "end": "00:18:59", "text": "thing is, maybe I was a bit too positive"}, {"start": "00:18:56", "end": "00:19:02", "text": "here because um people say that he's"}, {"start": "00:18:59", "end": "00:19:05", "text": "going to be out in like 5 years. So,"}, {"start": "00:19:02", "end": "00:19:09", "text": "it's still"}, {"start": "00:19:05", "end": "00:19:12", "text": "If he goes for that tax fraud charge in"}, {"start": "00:19:09", "end": "00:19:14", "text": "Finland, they calculated that he can max"}, {"start": "00:19:12", "end": "00:19:18", "text": "be there for 5 years. That's the maximum"}, {"start": "00:19:14", "end": "00:19:18", "text": "charge. So yeah,"}, {"start": "00:19:19", "end": "00:19:26", "text": "he's going to be back then in 2031"}, {"start": "00:19:23", "end": "00:19:28", "text": "and maybe for the next next bull market"}, {"start": "00:19:26", "end": "00:19:30", "text": "he's going to come back. Okay. I I was"}, {"start": "00:19:28", "end": "00:19:31", "text": "actually maybe I was too positive but"}, {"start": "00:19:30", "end": "00:19:32", "text": "then when people started say, \"Oh yeah,"}, {"start": "00:19:31", "end": "00:19:34", "text": "but it's not going to be a life"}, {"start": "00:19:32", "end": "00:19:37", "text": "sentence. It's going to be it's going to"}, {"start": "00:19:34", "end": "00:19:39", "text": "be okay, man.\" Okay. I mean, guys,"}, {"start": "00:19:37", "end": "00:19:41", "text": "listen. Yeah, whatever suits you. Big"}, {"start": "00:19:39", "end": "00:19:42", "text": "shouted. I mean, I'm on your side and"}, {"start": "00:19:41", "end": "00:19:44", "text": "that's the thing. I'm People think I'm"}, {"start": "00:19:42", "end": "00:19:46", "text": "against the hexagon. I mean actually I"}, {"start": "00:19:44", "end": "00:19:48", "text": "am on on Hexican side. I mean I'm I'm on"}, {"start": "00:19:46", "end": "00:19:51", "text": "your side. It's just that you know for"}, {"start": "00:19:48", "end": "00:19:52", "text": "two plus years we've been warning we've"}, {"start": "00:19:51", "end": "00:19:55", "text": "been warning and warning and if you"}, {"start": "00:19:52", "end": "00:19:58", "text": "listen to Ivan long time ago you would"}, {"start": "00:19:55", "end": "00:19:59", "text": "be well off. The slow ones the slow ones"}, {"start": "00:19:58", "end": "00:20:01", "text": "maybe listen now and then the really"}, {"start": "00:19:59", "end": "00:20:05", "text": "slow ones maybe wait for him to to be"}, {"start": "00:20:01", "end": "00:20:08", "text": "released in uh five years. Okay."}, {"start": "00:20:05", "end": "00:20:10", "text": "Oh yeah guys fantastic. I love crypto. I"}, {"start": "00:20:08", "end": "00:20:11", "text": "love crypto. Now here's what happened."}, {"start": "00:20:10", "end": "00:20:13", "text": "Actually Eric Wall had a good summary"}, {"start": "00:20:11", "end": "00:20:16", "text": "here. how Richard Richard got caught"}, {"start": "00:20:13", "end": "00:20:18", "text": "explaining one tweet. Richard said, \"So"}, {"start": "00:20:16", "end": "00:20:20", "text": "you guys send me 1 billion for this ETH"}, {"start": "00:20:18", "end": "00:20:22", "text": "forked like you know we we call this"}, {"start": "00:20:20", "end": "00:20:24", "text": "palshin you know how we call it we call"}, {"start": "00:20:22", "end": "00:20:27", "text": "it Fiverr chain because he found the guy"}, {"start": "00:20:24", "end": "00:20:28", "text": "on Fiverr to copy it. It was Brea. Brea"}, {"start": "00:20:27", "end": "00:20:32", "text": "is a good guy but he probably find him"}, {"start": "00:20:28", "end": "00:20:34", "text": "on Fiverr and uh it's a very important"}, {"start": "00:20:32", "end": "00:20:36", "text": "uh uh thing but it's not an investment."}, {"start": "00:20:34", "end": "00:20:40", "text": "It's a sacrifice you you essentially"}, {"start": "00:20:36", "end": "00:20:42", "text": "gifted. You know the SEC said dog dog. I"}, {"start": "00:20:40", "end": "00:20:46", "text": "said dog. That was investment. See you"}, {"start": "00:20:42", "end": "00:20:49", "text": "in court. US court said case dismissed"}, {"start": "00:20:46", "end": "00:20:51", "text": "because fatman operate from Finland."}, {"start": "00:20:49", "end": "00:20:53", "text": "This is what what Eric says. I don't say"}, {"start": "00:20:51", "end": "00:20:56", "text": "it. He said he said it. I don't I didn't"}, {"start": "00:20:53", "end": "00:20:59", "text": "say it. So US court said SEC does not"}, {"start": "00:20:56", "end": "00:21:02", "text": "have jurisdiction. And Finland was like"}, {"start": "00:20:59", "end": "00:21:05", "text": "wait. He was operating from Finland and"}, {"start": "00:21:02", "end": "00:21:09", "text": "you guys gifted him 1 billion. We have"}, {"start": "00:21:05", "end": "00:21:11", "text": "gift taxes in Finland, 30%. That's 300"}, {"start": "00:21:09", "end": "00:21:14", "text": "million taxes, please. But we only take"}, {"start": "00:21:11", "end": "00:21:16", "text": "euro. Okay? So, you need to offboard."}, {"start": "00:21:14", "end": "00:21:18", "text": "You need to do a KYC offboard of all of"}, {"start": "00:21:16", "end": "00:21:22", "text": "this. And by the way, I mean, this is"}, {"start": "00:21:18", "end": "00:21:25", "text": "the I mean, if Messiah just based"}, {"start": "00:21:22", "end": "00:21:29", "text": "himself in Sweden and not Finland, he"}, {"start": "00:21:25", "end": "00:21:32", "text": "would have 0% tax on gifts. See this? I"}, {"start": "00:21:29", "end": "00:21:34", "text": "mean, if Messiah just asked me, Ivan,"}, {"start": "00:21:32", "end": "00:21:36", "text": "where should I do my gifts? I would tell"}, {"start": "00:21:34", "end": "00:21:40", "text": "him in Sweden there is zero% percent on"}, {"start": "00:21:36", "end": "00:21:42", "text": "gift. Well, why he didn't do it? He he"}, {"start": "00:21:40", "end": "00:21:44", "text": "could it's like he it's like 30 minute"}, {"start": "00:21:42", "end": "00:21:47", "text": "flight 30 minute flight he could have"}, {"start": "00:21:44", "end": "00:21:49", "text": "said 300 and he would be fully free if"}, {"start": "00:21:47", "end": "00:21:51", "text": "he I mean there's a problem with you"}, {"start": "00:21:49", "end": "00:21:53", "text": "know not thinking fully the plan fully I"}, {"start": "00:21:51", "end": "00:21:54", "text": "mean I could have told him in Sweden"}, {"start": "00:21:53", "end": "00:21:58", "text": "there is zero but no why you go to"}, {"start": "00:21:54", "end": "00:22:02", "text": "Finland why it's the same cold it's"}, {"start": "00:21:58", "end": "00:22:04", "text": "maybe even more boring I mean Sweden"}, {"start": "00:22:02", "end": "00:22:06", "text": "maybe bigger city maybe bigger stuff"}, {"start": "00:22:04", "end": "00:22:07", "text": "happening what you do in Finland man"}, {"start": "00:22:06", "end": "00:22:09", "text": "what you going to do there it's you"}, {"start": "00:22:07", "end": "00:22:12", "text": "could"}, {"start": "00:22:09", "end": "00:22:15", "text": "Yeah. Anyway, so by the way, Europole"}, {"start": "00:22:12", "end": "00:22:18", "text": "also said Fatman punched a 16-year-old"}, {"start": "00:22:15", "end": "00:22:20", "text": "boy five times. Yeah. But I think that"}, {"start": "00:22:18", "end": "00:22:22", "text": "was dropped, right? That that charge was"}, {"start": "00:22:20", "end": "00:22:26", "text": "dropped. Yeah. Where he assaulted a"}, {"start": "00:22:22", "end": "00:22:30", "text": "16-year-old guy boy"}, {"start": "00:22:26", "end": "00:22:34", "text": "red notice. Turkish police. There's like"}, {"start": "00:22:30", "end": "00:22:34", "text": "64 Rolexes here."}, {"start": "00:22:36", "end": "00:22:41", "text": "Also, we're going to call him Whale"}, {"start": "00:22:38", "end": "00:22:43", "text": "James from now on. That's what you girls"}, {"start": "00:22:41", "end": "00:22:45", "text": "called him, right? Whale James. Yeah,"}, {"start": "00:22:43", "end": "00:22:47", "text": "this one was interesting. So, in the"}, {"start": "00:22:45", "end": "00:22:52", "text": "Turkish media, you know, in the Turkish"}, {"start": "00:22:47", "end": "00:22:54", "text": "like police, he's called Whale James."}, {"start": "00:22:52", "end": "00:22:57", "text": "Why? Why? Why? Let me check it. How he"}, {"start": "00:22:54", "end": "00:22:59", "text": "got called Whale James is very"}, {"start": "00:22:57", "end": "00:23:01", "text": "interesting. Very interesting. How why"}, {"start": "00:22:59", "end": "00:23:03", "text": "they decided to call him Whale James?"}, {"start": "00:23:01", "end": "00:23:06", "text": "Look here. This is translated from"}, {"start": "00:23:03", "end": "00:23:06", "text": "Turkish."}, {"start": "00:23:06", "end": "00:23:10", "text": "Balina James"}, {"start": "00:23:09", "end": "00:23:13", "text": "in Turkish. Let me know guys if you are"}, {"start": "00:23:10", "end": "00:23:17", "text": "from Turkey. Look here. Whale James was"}, {"start": "00:23:13", "end": "00:23:20", "text": "detained in this manner. Uh Richard"}, {"start": "00:23:17", "end": "00:23:22", "text": "James Schuler known by nickname Whale"}, {"start": "00:23:20", "end": "00:23:25", "text": "James. Guys, I've never seen anyone call"}, {"start": "00:23:22", "end": "00:23:27", "text": "him Whale James. No one. It's just in"}, {"start": "00:23:25", "end": "00:23:30", "text": "Turkey when they captured him, they gave"}, {"start": "00:23:27", "end": "00:23:33", "text": "him the name Whale James."}, {"start": "00:23:30", "end": "00:23:35", "text": "And yeah, so he was known and wanted via"}, {"start": "00:23:33", "end": "00:23:37", "text": "red notice by Interpol. Who is this guy?"}, {"start": "00:23:35", "end": "00:23:39", "text": "Is he is he like a journalist or who is"}, {"start": "00:23:37", "end": "00:23:43", "text": "this guy correspondent? Yeah. basically"}, {"start": "00:23:39", "end": "00:23:46", "text": "Turkish journalist. this guy uh somehow"}, {"start": "00:23:43", "end": "00:23:50", "text": "he gave him the name Whale James in"}, {"start": "00:23:46", "end": "00:23:53", "text": "operation supported by uh MIT six I"}, {"start": "00:23:50", "end": "00:23:58", "text": "guess some police $600 $1,000 in cash 24"}, {"start": "00:23:53", "end": "00:24:00", "text": "watches 20 gold bracelets 300"}, {"start": "00:23:58", "end": "00:24:03", "text": "this guy was living yeah he was living"}, {"start": "00:24:00", "end": "00:24:06", "text": "Jason Bourne he was the reincarnation of"}, {"start": "00:24:03", "end": "00:24:09", "text": "Jason Bourne five passports three"}, {"start": "00:24:06", "end": "00:24:12", "text": "handguns and four long barreled rifles"}, {"start": "00:24:09", "end": "00:24:15", "text": "holy he was ready for all scenarios he"}, {"start": "00:24:12", "end": "00:24:18", "text": "was ready for any kind of development at"}, {"start": "00:24:15", "end": "00:24:20", "text": "the SP suspect's address who is accused"}, {"start": "00:24:18", "end": "00:24:23", "text": "of embezzling 1.5 billion I guess this"}, {"start": "00:24:20", "end": "00:24:25", "text": "is wrong because the US staff is closed"}, {"start": "00:24:23", "end": "00:24:27", "text": "because he he was in Finland but he's"}, {"start": "00:24:25", "end": "00:24:29", "text": "now wanted in Finland for 300 million"}, {"start": "00:24:27", "end": "00:24:31", "text": "plus interest rate interest rates have"}, {"start": "00:24:29", "end": "00:24:33", "text": "been high during the last 5 years so it"}, {"start": "00:24:31", "end": "00:24:35", "text": "wouldn't surprise me if that 300 now is"}, {"start": "00:24:33", "end": "00:24:37", "text": "500 the investigation continues"}, {"start": "00:24:35", "end": "00:24:40", "text": "regarding the claim that the suspect"}, {"start": "00:24:37", "end": "00:24:42", "text": "carried out international in US Finland"}, {"start": "00:24:40", "end": "00:24:45", "text": "holy Holy crap, guys. Yeah."}, {"start": "00:24:42", "end": "00:24:46", "text": "So, yeah, listen. I mean, hopefully he's"}, {"start": "00:24:45", "end": "00:24:49", "text": "going to he's going to be okay. In 5"}, {"start": "00:24:46", "end": "00:24:52", "text": "years he's out. Boop. Maybe he's going"}, {"start": "00:24:49", "end": "00:24:54", "text": "to pump your stuff, guys. But, yeah,"}, {"start": "00:24:52", "end": "00:24:55", "text": "maybe there's some closure to this also."}, {"start": "00:24:54", "end": "00:24:57", "text": "Maybe there's some closure. I mean,"}, {"start": "00:24:55", "end": "00:24:59", "text": "obviously, we want everyone to do well."}, {"start": "00:24:57", "end": "00:25:01", "text": "There's I mean, at the end of the day,"}, {"start": "00:24:59", "end": "00:25:02", "text": "we wish you all the best. If you're a"}, {"start": "00:25:01", "end": "00:25:04", "text": "hexagon, let me know if you're a"}, {"start": "00:25:02", "end": "00:25:06", "text": "hexagon. Let me know if you love that."}, {"start": "00:25:04", "end": "00:25:09", "text": "We wish you all the best. I want you to"}, {"start": "00:25:06", "end": "00:25:12", "text": "be fully appreciative of of this very"}, {"start": "00:25:09", "end": "00:25:17", "text": "well uh meant wish. I want you to be"}, {"start": "00:25:12", "end": "00:25:20", "text": "fully appreciative of this u of this um"}, {"start": "00:25:17", "end": "00:25:22", "text": "yeah sympathy very I'm very sympathetic"}, {"start": "00:25:20", "end": "00:25:25", "text": "person of the sympathy I give you of"}, {"start": "00:25:22", "end": "00:25:28", "text": "this grace I give you grace I give you"}, {"start": "00:25:25", "end": "00:25:29", "text": "graciousness basically I hope you like"}, {"start": "00:25:28", "end": "00:25:33", "text": "that let me know in the comment section"}, {"start": "00:25:29", "end": "00:25:35", "text": "so uh next next what's happening"}, {"start": "00:25:33", "end": "00:25:37", "text": "standard chartered major bank expans"}, {"start": "00:25:35", "end": "00:25:40", "text": "Bitcoin and ETH trading yeah Pompiano"}, {"start": "00:25:37", "end": "00:25:42", "text": "bullish good everything bullish uh let's"}, {"start": "00:25:40", "end": "00:25:44", "text": "see uh a bit of volatility in the stock"}, {"start": "00:25:42", "end": "00:25:47", "text": "market. We know that Fed speakers"}, {"start": "00:25:44", "end": "00:25:48", "text": "discouraged. Goldsby barking flag hotter"}, {"start": "00:25:47", "end": "00:25:50", "text": "service. What is this? Let's see. What"}, {"start": "00:25:48", "end": "00:25:53", "text": "do you mean they're discouraged? Feds"}, {"start": "00:25:50", "end": "00:25:55", "text": "Barkin says CPI higher than hoped. Feds"}, {"start": "00:25:53", "end": "00:25:58", "text": "Barkin declined to pre prejudge October"}, {"start": "00:25:55", "end": "00:26:00", "text": "FMC. Oh yeah. Also guys, we have the uh"}, {"start": "00:25:58", "end": "00:26:01", "text": "midterms. So the midterms are going to"}, {"start": "00:26:00", "end": "00:26:04", "text": "come. There's going to be volatility"}, {"start": "00:26:01", "end": "00:26:05", "text": "before the midterms because uh people"}, {"start": "00:26:04", "end": "00:26:08", "text": "want clarity. They want certainty."}, {"start": "00:26:05", "end": "00:26:11", "text": "Volatility is no clarity. Also there is"}, {"start": "00:26:08", "end": "00:26:14", "text": "um volatility in gold. gold has been"}, {"start": "00:26:11", "end": "00:26:16", "text": "dumping and uh oh yeah the final thing"}, {"start": "00:26:14", "end": "00:26:19", "text": "before we go to Q&A uh is this with the"}, {"start": "00:26:16", "end": "00:26:22", "text": "Pango drama. So the Pango drama guys uh"}, {"start": "00:26:19", "end": "00:26:24", "text": "is quite big. It's not getting smaller."}, {"start": "00:26:22", "end": "00:26:26", "text": "I mean normally if there is some drama"}, {"start": "00:26:24", "end": "00:26:27", "text": "then boop is gone. This thing is not"}, {"start": "00:26:26", "end": "00:26:29", "text": "getting smaller. So I think Luca needs"}, {"start": "00:26:27", "end": "00:26:31", "text": "to come out and he needs to handle it."}, {"start": "00:26:29", "end": "00:26:34", "text": "Um Luca now is not really coming out. He"}, {"start": "00:26:31", "end": "00:26:36", "text": "should I think he should come out and he"}, {"start": "00:26:34", "end": "00:26:38", "text": "should um yeah I mean he should set the"}, {"start": "00:26:36", "end": "00:26:42", "text": "record straight because everyone who's"}, {"start": "00:26:38", "end": "00:26:43", "text": "been farming the freaking abstract chain"}, {"start": "00:26:42", "end": "00:26:45", "text": "uh there are quite many of them I mean"}, {"start": "00:26:43", "end": "00:26:46", "text": "in our community case we don't farm so"}, {"start": "00:26:45", "end": "00:26:48", "text": "for us you know there is abstract"}, {"start": "00:26:46", "end": "00:26:51", "text": "there's no abstract we don't care we"}, {"start": "00:26:48", "end": "00:26:54", "text": "don't care I we mainly are about pen"}, {"start": "00:26:51", "end": "00:26:57", "text": "penguins but apparently man those"}, {"start": "00:26:54", "end": "00:27:00", "text": "abstract farmers they are angry they're"}, {"start": "00:26:57", "end": "00:27:03", "text": "angry they're very angry they wanted"}, {"start": "00:27:00", "end": "00:27:05", "text": "Luca to give them money for using"}, {"start": "00:27:03", "end": "00:27:08", "text": "abstract. They I they use it a lot"}, {"start": "00:27:05", "end": "00:27:11", "text": "apparently and they are coming in coming"}, {"start": "00:27:08", "end": "00:27:12", "text": "out swinging."}, {"start": "00:27:11", "end": "00:27:16", "text": "Yeah, I mean they're calling him"}, {"start": "00:27:12", "end": "00:27:21", "text": "scammer. Who is this guy? Pangu keeps"}, {"start": "00:27:16", "end": "00:27:24", "text": "going down. You can't buy back trust. Um"}, {"start": "00:27:21", "end": "00:27:26", "text": "what is this?"}, {"start": "00:27:24", "end": "00:27:28", "text": "Here's what's next for Pango. Yeah,"}, {"start": "00:27:26", "end": "00:27:29", "text": "comparing to Azuki. There has been a"}, {"start": "00:27:28", "end": "00:27:31", "text": "lot. But why is it with this NFTs, guys?"}, {"start": "00:27:29", "end": "00:27:35", "text": "It's so much drama. is crazy. From"}, {"start": "00:27:31", "end": "00:27:39", "text": "empire to accusation,"}, {"start": "00:27:35", "end": "00:27:41", "text": "Lucanets built a brand from zero."}, {"start": "00:27:39", "end": "00:27:44", "text": "Yeah. Basically, they they're saying"}, {"start": "00:27:41", "end": "00:27:49", "text": "that Lucess is a scammer because he shut"}, {"start": "00:27:44", "end": "00:27:51", "text": "down Abstract and the the farmers will"}, {"start": "00:27:49", "end": "00:27:53", "text": "now not get a TGE."}, {"start": "00:27:51", "end": "00:27:55", "text": "I mean, I understand the accusation, but"}, {"start": "00:27:53", "end": "00:27:58", "text": "guys, in my honest opinion, maybe a bit"}, {"start": "00:27:55", "end": "00:28:00", "text": "far like maybe a bit too harsh. I mean,"}, {"start": "00:27:58", "end": "00:28:03", "text": "I I I understand. I I understand that"}, {"start": "00:28:00", "end": "00:28:04", "text": "this these dudes have been farming"}, {"start": "00:28:03", "end": "00:28:08", "text": "farming farming farming farming. He they"}, {"start": "00:28:04", "end": "00:28:11", "text": "wanted to become rich from the airdrop."}, {"start": "00:28:08", "end": "00:28:14", "text": "Okay. The project got cancelled. It"}, {"start": "00:28:11", "end": "00:28:16", "text": "happens. Should Luca been more careful"}, {"start": "00:28:14", "end": "00:28:18", "text": "shilling the airdrop? Probably."}, {"start": "00:28:16", "end": "00:28:19", "text": "Probably."}, {"start": "00:28:18", "end": "00:28:21", "text": "Uh"}, {"start": "00:28:19", "end": "00:28:23", "text": "but I think Luca should just come out"}, {"start": "00:28:21", "end": "00:28:26", "text": "and take control of the situation here."}, {"start": "00:28:23", "end": "00:28:29", "text": "Take control of the narrative. Put the"}, {"start": "00:28:26", "end": "00:28:32", "text": "record straight. Tell them you wanted"}, {"start": "00:28:29", "end": "00:28:35", "text": "the airrop. It ain't happening, dudes."}, {"start": "00:28:32", "end": "00:28:37", "text": "Here's our plan instead. And thank you"}, {"start": "00:28:35", "end": "00:28:39", "text": "very much."}, {"start": "00:28:37", "end": "00:28:42", "text": "Or"}, {"start": "00:28:39", "end": "00:28:44", "text": "farming. You have XP. Maybe we can give"}, {"start": "00:28:42", "end": "00:28:47", "text": "you something for the XP. Maybe we can"}, {"start": "00:28:44", "end": "00:28:49", "text": "send you gift card."}, {"start": "00:28:47", "end": "00:28:51", "text": "How much XP you have? Maybe we can send"}, {"start": "00:28:49", "end": "00:28:54", "text": "you a gift card. You can go to the"}, {"start": "00:28:51", "end": "00:28:54", "text": "movies."}, {"start": "00:28:55", "end": "00:29:01", "text": "Maybe we can Yeah."}, {"start": "00:28:59", "end": "00:29:03", "text": "fascin I'm just fascinated. Listen, it's"}, {"start": "00:29:01", "end": "00:29:05", "text": "a it's a it's a real lesson for all the"}, {"start": "00:29:03", "end": "00:29:08", "text": "teams here to be careful with this"}, {"start": "00:29:05", "end": "00:29:10", "text": "farming promises."}, {"start": "00:29:08", "end": "00:29:12", "text": "Uh the pleb wants the farming the"}, {"start": "00:29:10", "end": "00:29:15", "text": "farming delivered."}, {"start": "00:29:12", "end": "00:29:17", "text": "He wants the farming delivered. Would it"}, {"start": "00:29:15", "end": "00:29:20", "text": "be better to just do some coin so the"}, {"start": "00:29:17", "end": "00:29:24", "text": "plebbe is happy even like let's say you"}, {"start": "00:29:20", "end": "00:29:26", "text": "are a founder. As a founder, you always"}, {"start": "00:29:24", "end": "00:29:28", "text": "have to be allin until you're not"}, {"start": "00:29:26", "end": "00:29:30", "text": "because that's how you are as a founder."}, {"start": "00:29:28", "end": "00:29:32", "text": "I mean, there's no way otherwise to be a"}, {"start": "00:29:30", "end": "00:29:34", "text": "founder. You're you either give your"}, {"start": "00:29:32", "end": "00:29:36", "text": "everything or you close it. You go, you"}, {"start": "00:29:34", "end": "00:29:38", "text": "do something else. As a founder, you"}, {"start": "00:29:36", "end": "00:29:41", "text": "cannot be lukewarm because then you're"}, {"start": "00:29:38", "end": "00:29:44", "text": "not a founder. If you're a founder, you"}, {"start": "00:29:41", "end": "00:29:46", "text": "have to be allin until"}, {"start": "00:29:44", "end": "00:29:48", "text": "you see that it's not working. So, I"}, {"start": "00:29:46", "end": "00:29:50", "text": "totally understand why Luca doesn't want"}, {"start": "00:29:48", "end": "00:29:52", "text": "to do the chain. Okay."}, {"start": "00:29:50", "end": "00:29:54", "text": "I'm thinking let's say he doesn't want"}, {"start": "00:29:52", "end": "00:29:57", "text": "to do the chain. He can either shut it"}, {"start": "00:29:54", "end": "00:29:59", "text": "down like he did now or he can kind of"}, {"start": "00:29:57", "end": "00:30:02", "text": "ah you know kind of continue with it."}, {"start": "00:29:59", "end": "00:30:07", "text": "Maybe do give the give the pleb some"}, {"start": "00:30:02", "end": "00:30:09", "text": "coin so they STFU with their farming"}, {"start": "00:30:07", "end": "00:30:11", "text": "stuff. Would that be better? I'm just"}, {"start": "00:30:09", "end": "00:30:13", "text": "brainstorming anyway. But it is clear"}, {"start": "00:30:11", "end": "00:30:14", "text": "that the the damage is massive for the"}, {"start": "00:30:13", "end": "00:30:18", "text": "brand is it's it's a big damage. It's"}, {"start": "00:30:14", "end": "00:30:21", "text": "it's a big damage. you know how crazily"}, {"start": "00:30:18", "end": "00:30:25", "text": "you know"}, {"start": "00:30:21", "end": "00:30:26", "text": "attacking they are at Luca for this"}, {"start": "00:30:25", "end": "00:30:28", "text": "crazy man crazy now I don't know how"}, {"start": "00:30:26", "end": "00:30:30", "text": "much maybe they spent a lot of money"}, {"start": "00:30:28", "end": "00:30:32", "text": "farming that's another thing if you are"}, {"start": "00:30:30", "end": "00:30:36", "text": "a farmer I would love to hear your"}, {"start": "00:30:32", "end": "00:30:38", "text": "perspective why are you so angry that"}, {"start": "00:30:36", "end": "00:30:40", "text": "you call Luca a scammer I'm very curious"}, {"start": "00:30:38", "end": "00:30:43", "text": "like how much money did you spend is it"}, {"start": "00:30:40", "end": "00:30:44", "text": "time or is it money okay if it's money"}, {"start": "00:30:43", "end": "00:30:47", "text": "tell us how much you lost you know you"}, {"start": "00:30:44", "end": "00:30:49", "text": "lost because I say Luka Luka exit scam."}, {"start": "00:30:47", "end": "00:30:51", "text": "They say Luca stole your mind. Like I'm"}, {"start": "00:30:49", "end": "00:30:53", "text": "very curious what like what was stolen"}, {"start": "00:30:51", "end": "00:30:56", "text": "exactly? What was stolen? What was"}, {"start": "00:30:53", "end": "00:30:59", "text": "stolen? Is it the transaction fees you"}, {"start": "00:30:56", "end": "00:31:01", "text": "mean or you just uh traded stuff for"}, {"start": "00:30:59", "end": "00:31:03", "text": "trading sake and you lost money trading"}, {"start": "00:31:01", "end": "00:31:05", "text": "just to generate like what happened? I"}, {"start": "00:31:03", "end": "00:31:08", "text": "want to know. I'm very curious. I'm very"}, {"start": "00:31:05", "end": "00:31:11", "text": "curious person. Let me know on X. So"}, {"start": "00:31:08", "end": "00:31:13", "text": "that's number one. Number two, if you"}, {"start": "00:31:11", "end": "00:31:15", "text": "did not lose money, was it time? I mean"}, {"start": "00:31:13", "end": "00:31:18", "text": "that I can al also understand. Let's say"}, {"start": "00:31:15", "end": "00:31:21", "text": "you you wasted like 2 years farming it"}, {"start": "00:31:18", "end": "00:31:23", "text": "and you thought but I could have told"}, {"start": "00:31:21", "end": "00:31:26", "text": "you to not farm. I could have told you"}, {"start": "00:31:23", "end": "00:31:27", "text": "to not farm. If you just ask Ivan, I"}, {"start": "00:31:26", "end": "00:31:30", "text": "could have told you to not farm. Why"}, {"start": "00:31:27", "end": "00:31:32", "text": "don't you ask Ivan?"}, {"start": "00:31:30", "end": "00:31:34", "text": "The fat man did not ask me about the"}, {"start": "00:31:32", "end": "00:31:36", "text": "jurisdiction for gifts. I could have"}, {"start": "00:31:34", "end": "00:31:37", "text": "told him to go to Sweden instead of"}, {"start": "00:31:36", "end": "00:31:40", "text": "Finland. Okay, you want Nordics? Sweden"}, {"start": "00:31:37", "end": "00:31:41", "text": "has 0% gift. Farmer should have asked"}, {"start": "00:31:40", "end": "00:31:43", "text": "me, Ivan, should I do farming? I would"}, {"start": "00:31:41", "end": "00:31:45", "text": "tell him don't do farming. We we don't"}, {"start": "00:31:43", "end": "00:31:47", "text": "do farming. Anyone in bull man who asked"}, {"start": "00:31:45", "end": "00:31:48", "text": "me about farming I say don't do farming"}, {"start": "00:31:47", "end": "00:31:50", "text": "here I tell you guys don't do farming"}, {"start": "00:31:48", "end": "00:31:53", "text": "it's a waste of time you you do some"}, {"start": "00:31:50", "end": "00:31:55", "text": "penny you know you pick up some penny"}, {"start": "00:31:53", "end": "00:31:56", "text": "and also people forget the good stuff"}, {"start": "00:31:55", "end": "00:31:58", "text": "it's I mean it's very interesting guys"}, {"start": "00:31:56", "end": "00:32:00", "text": "like with"}, {"start": "00:31:58", "end": "00:32:02", "text": "with people like it's is there a lesson"}, {"start": "00:32:00", "end": "00:32:06", "text": "about this in the Bible or something"}, {"start": "00:32:02", "end": "00:32:08", "text": "because Luca look at what kind of airrop"}, {"start": "00:32:06", "end": "00:32:10", "text": "he did with pangu"}, {"start": "00:32:08", "end": "00:32:13", "text": "everyone forgot that again you give"}, {"start": "00:32:10", "end": "00:32:14", "text": "people a finger they take the whole hand"}, {"start": "00:32:13", "end": "00:32:17", "text": "they don't they never remember anything"}, {"start": "00:32:14", "end": "00:32:20", "text": "good. So, you got to really be in"}, {"start": "00:32:17", "end": "00:32:22", "text": "control of the narrative here. If I"}, {"start": "00:32:20", "end": "00:32:25", "text": "would be Luca, I would confront all of"}, {"start": "00:32:22", "end": "00:32:26", "text": "this uh what you say mfers. I really"}, {"start": "00:32:25", "end": "00:32:28", "text": "want to say the whole world war, but you"}, {"start": "00:32:26", "end": "00:32:29", "text": "know, if it's really is that they did"}, {"start": "00:32:28", "end": "00:32:31", "text": "not lose a lot of money, if they're just"}, {"start": "00:32:29", "end": "00:32:33", "text": "whining because they lost time, I would"}, {"start": "00:32:31", "end": "00:32:35", "text": "tell them, hey, have you seen the"}, {"start": "00:32:33", "end": "00:32:37", "text": "freaking Pango airdrop? Have you seen"}, {"start": "00:32:35", "end": "00:32:40", "text": "how much you got? Have you seen how how"}, {"start": "00:32:37", "end": "00:32:42", "text": "many billions I air dropped? But no, no"}, {"start": "00:32:40", "end": "00:32:44", "text": "one remembers that now."}, {"start": "00:32:42", "end": "00:32:46", "text": "You give them a finger, they take the"}, {"start": "00:32:44", "end": "00:32:47", "text": "whole hand."}, {"start": "00:32:46", "end": "00:32:50", "text": "So you really have to consider, should"}, {"start": "00:32:47", "end": "00:32:53", "text": "you give them a finger even maybe only"}, {"start": "00:32:50", "end": "00:32:55", "text": "do VC raise and give no finger because"}, {"start": "00:32:53", "end": "00:32:58", "text": "you give them a finger, they had a whole"}, {"start": "00:32:55", "end": "00:33:00", "text": "hand. Okay, I guys I I just speculate."}, {"start": "00:32:58", "end": "00:33:03", "text": "Let let me know what what you guys"}, {"start": "00:33:00", "end": "00:33:06", "text": "think. Let me know what you guys think."}, {"start": "00:33:03", "end": "00:33:08", "text": "And uh yeah, I mean as a founder in"}, {"start": "00:33:06", "end": "00:33:10", "text": "crypto, it's a bit of a lesson. Don't do"}, {"start": "00:33:08", "end": "00:33:13", "text": "I mean don't do too much airrop. You you"}, {"start": "00:33:10", "end": "00:33:15", "text": "do one air drop"}, {"start": "00:33:13", "end": "00:33:19", "text": "but the player before gets it. He wants"}, {"start": "00:33:15", "end": "00:33:22", "text": "another one. Now should he be have been"}, {"start": "00:33:19", "end": "00:33:24", "text": "more careful shilling the XP? Yes. Yes."}, {"start": "00:33:22", "end": "00:33:26", "text": "It's a big lesson for every every"}, {"start": "00:33:24", "end": "00:33:27", "text": "founder in crypto guys. If you ever want"}, {"start": "00:33:26", "end": "00:33:31", "text": "to start something, be careful with how"}, {"start": "00:33:27", "end": "00:33:33", "text": "you manage the pleb. I mean the pleb"}, {"start": "00:33:31", "end": "00:33:35", "text": "he he became ra he becomes rabies. You"}, {"start": "00:33:33", "end": "00:33:38", "text": "give him too you know you set a bit"}, {"start": "00:33:35", "end": "00:33:41", "text": "wrong he he gets he gets rabies. You say"}, {"start": "00:33:38", "end": "00:33:42", "text": "he is a rabbi. Do you say that? You have"}, {"start": "00:33:41", "end": "00:33:45", "text": "to be careful man. You have to be"}, {"start": "00:33:42", "end": "00:33:48", "text": "careful. The playback can be used for"}, {"start": "00:33:45", "end": "00:33:51", "text": "good. It can be used against it also"}, {"start": "00:33:48", "end": "00:33:54", "text": "come against you. You understand?"}, {"start": "00:33:51", "end": "00:33:57", "text": "You need to find some balance here where"}, {"start": "00:33:54", "end": "00:33:59", "text": "maybe some airrop but don't promise too"}, {"start": "00:33:57", "end": "00:34:00", "text": "much managing expectation. I mean for"}, {"start": "00:33:59", "end": "00:34:03", "text": "all the founders and Luca including"}, {"start": "00:34:00", "end": "00:34:05", "text": "rabbit rabbit exactly for all founders"}, {"start": "00:34:03", "end": "00:34:07", "text": "Luca including is about managing"}, {"start": "00:34:05", "end": "00:34:09", "text": "expectations. So I mean I totally get"}, {"start": "00:34:07", "end": "00:34:11", "text": "it. I totally get it if people have been"}, {"start": "00:34:09", "end": "00:34:14", "text": "farming now they don't have money or"}, {"start": "00:34:11", "end": "00:34:15", "text": "they they lost money there lost money"}, {"start": "00:34:14", "end": "00:34:19", "text": "because they just wanted to trade for"}, {"start": "00:34:15", "end": "00:34:21", "text": "volume but look at now okay enough"}, {"start": "00:34:19", "end": "00:34:24", "text": "crying enough compar complaining that"}, {"start": "00:34:21", "end": "00:34:27", "text": "plebe is not thankful go out there"}, {"start": "00:34:24", "end": "00:34:30", "text": "manage the plebbea massage the pleba get"}, {"start": "00:34:27", "end": "00:34:34", "text": "him into the shape you need okay explain"}, {"start": "00:34:30", "end": "00:34:37", "text": "explain explain what else happening"}, {"start": "00:34:34", "end": "00:34:39", "text": "so I there there are ways to salvage"}, {"start": "00:34:37", "end": "00:34:42", "text": "legit. But for sure the brand is hit."}, {"start": "00:34:39", "end": "00:34:45", "text": "For sure the brand is hit. Let me know"}, {"start": "00:34:42", "end": "00:34:47", "text": "what you think, guys."}, {"start": "00:34:45", "end": "00:34:51", "text": "If I said something wrong, correct me in"}, {"start": "00:34:47", "end": "00:34:53", "text": "the on X. Here's where I would be wrong."}, {"start": "00:34:51", "end": "00:34:55", "text": "If someone shows me that they lost like"}, {"start": "00:34:53", "end": "00:34:57", "text": "100K on abstract, okay, if someone shows"}, {"start": "00:34:55", "end": "00:35:00", "text": "me, hey, I lost 10K or something like"}, {"start": "00:34:57", "end": "00:35:03", "text": "that. Uh on so that look at somehow"}, {"start": "00:35:00", "end": "00:35:07", "text": "stole it from you. Show me. Show me how"}, {"start": "00:35:03", "end": "00:35:07", "text": "he stole it from you. Otherwise,"}, {"start": "00:35:08", "end": "00:35:13", "text": "it's it's a lot of noise. A lot of"}, {"start": "00:35:09", "end": "00:35:15", "text": "noise. So, yeah. Um"}, {"start": "00:35:13", "end": "00:35:17", "text": "hopefully it's going to be okay. I mean,"}, {"start": "00:35:15", "end": "00:35:18", "text": "now Pango coin is not is not strong now"}, {"start": "00:35:17", "end": "00:35:20", "text": "because all this drama is not strong."}, {"start": "00:35:18", "end": "00:35:23", "text": "So, we just need Pango to come back to"}, {"start": "00:35:20", "end": "00:35:26", "text": "to that level. Uh let me show you here"}, {"start": "00:35:23", "end": "00:35:28", "text": "on the chart."}, {"start": "00:35:26", "end": "00:35:30", "text": "Pango, where is the real dear dear"}, {"start": "00:35:28", "end": "00:35:32", "text": "Pango?"}, {"start": "00:35:30", "end": "00:35:34", "text": "Yeah. So, Pango is very weak now. even"}, {"start": "00:35:32", "end": "00:35:36", "text": "though it's bullish. I mean, for me, it"}, {"start": "00:35:34", "end": "00:35:39", "text": "needs to go go back above this level"}, {"start": "00:35:36", "end": "00:35:41", "text": "again to be bullish. So, that's that"}, {"start": "00:35:39", "end": "00:35:42", "text": "guys."}, {"start": "00:35:41", "end": "00:35:45", "text": "Let's go to Q&A. By the way, more"}, {"start": "00:35:42", "end": "00:35:47", "text": "questions. More questions."}, {"start": "00:35:45", "end": "00:35:49", "text": "Has been like this forever. Seems like"}, {"start": "00:35:47", "end": "00:35:51", "text": "the money people don't get it. Manage"}, {"start": "00:35:49", "end": "00:35:53", "text": "expectations. It's not a skill that"}, {"start": "00:35:51", "end": "00:35:55", "text": "grows on every founders. Yeah. Yeah. So,"}, {"start": "00:35:53", "end": "00:35:56", "text": "exactly. So, when it comes to it's very"}, {"start": "00:35:55", "end": "00:35:59", "text": "important, man. It's very important. You"}, {"start": "00:35:56", "end": "00:36:01", "text": "got to manage expectation because people"}, {"start": "00:35:59", "end": "00:36:04", "text": "sometime again I don't want to devalue"}, {"start": "00:36:01", "end": "00:36:05", "text": "the pain of the farmer because I I don't"}, {"start": "00:36:04", "end": "00:36:06", "text": "know it so maybe it is a real pain"}, {"start": "00:36:05", "end": "00:36:09", "text": "someone lost a lot of money I I don't"}, {"start": "00:36:06", "end": "00:36:10", "text": "know I don't know but just in general"}, {"start": "00:36:09", "end": "00:36:12", "text": "just in general you know especially in"}, {"start": "00:36:10", "end": "00:36:15", "text": "crypto"}, {"start": "00:36:12", "end": "00:36:17", "text": "it's very easy that uh if you don't set"}, {"start": "00:36:15", "end": "00:36:20", "text": "boundary"}, {"start": "00:36:17", "end": "00:36:23", "text": "the the the the pleb is going to go run"}, {"start": "00:36:20", "end": "00:36:26", "text": "nuts you set boundary man I set boundary"}, {"start": "00:36:23", "end": "00:36:28", "text": "listen this what you"}, {"start": "00:36:26", "end": "00:36:30", "text": "Don't ask anything else. Don't ask"}, {"start": "00:36:28", "end": "00:36:31", "text": "anything else."}, {"start": "00:36:30", "end": "00:36:37", "text": "Okay."}, {"start": "00:36:31", "end": "00:36:37", "text": "So, yeah. Um, does that"}, {"start": "00:36:41", "end": "00:36:45", "text": "guys should we interview Luka about"}, {"start": "00:36:42", "end": "00:36:47", "text": "this? Uh, we we could intro maybe a"}, {"start": "00:36:45", "end": "00:36:50", "text": "debate a farmer the leader who is the"}, {"start": "00:36:47", "end": "00:36:51", "text": "leader of the farmers and then we can"}, {"start": "00:36:50", "end": "00:36:53", "text": "have Luka and they can debate. They can"}, {"start": "00:36:51", "end": "00:36:58", "text": "go nuts against each other. We can"}, {"start": "00:36:53", "end": "00:36:58", "text": "spectate. We can we can spectate."}, {"start": "00:36:59", "end": "00:37:04", "text": "Small peep"}, {"start": "00:37:01", "end": "00:37:07", "text": "needs to do a video. How Luca"}, {"start": "00:37:04", "end": "00:37:09", "text": "Oh, yeah. Yeah. Yeah. Imagine this this"}, {"start": "00:37:07", "end": "00:37:14", "text": "movie. This is for Small Pee if you're"}, {"start": "00:37:09", "end": "00:37:18", "text": "watching. Look here. Luca, he he's there"}, {"start": "00:37:14", "end": "00:37:19", "text": "like with his with his dogs or something"}, {"start": "00:37:18", "end": "00:37:21", "text": "and they like support him. He's hunting"}, {"start": "00:37:19", "end": "00:37:22", "text": "with the dog, but then they get Rabius"}, {"start": "00:37:21", "end": "00:37:27", "text": "and then they like attack him and he"}, {"start": "00:37:22", "end": "00:37:27", "text": "needs to he needs to like fight them."}, {"start": "00:37:28", "end": "00:37:32", "text": "Something like this. Something like"}, {"start": "00:37:29", "end": "00:37:35", "text": "this. You know, Luca is there or or or"}, {"start": "00:37:32", "end": "00:37:38", "text": "Luca is there with his warriors and then"}, {"start": "00:37:35", "end": "00:37:43", "text": "he says, \"Guys, abstract is canled.\" And"}, {"start": "00:37:38", "end": "00:37:43", "text": "they turn against him and he's like he's"}, {"start": "00:37:47", "end": "00:37:51", "text": "so yeah. Uh anyway, I'm I'm not taking"}, {"start": "00:37:50", "end": "00:37:53", "text": "sides really. I mean I I can see both"}, {"start": "00:37:51", "end": "00:37:55", "text": "points but uh because I'm not a farmer"}, {"start": "00:37:53", "end": "00:37:56", "text": "just hard to see the hard to see the"}, {"start": "00:37:55", "end": "00:37:58", "text": "other point. That's why I invite you"}, {"start": "00:37:56", "end": "00:38:03", "text": "guys if you lost money on abstract uh"}, {"start": "00:37:58", "end": "00:38:03", "text": "enlighten enlighten us. Yeah."}, {"start": "00:38:11", "end": "00:38:17", "text": "I'm not surprised by any of this. This"}, {"start": "00:38:13", "end": "00:38:19", "text": "space clearly has boundary and agency of"}, {"start": "00:38:17", "end": "00:38:21", "text": "self issues."}, {"start": "00:38:19", "end": "00:38:24", "text": "I don't understand what that means, but"}, {"start": "00:38:21", "end": "00:38:28", "text": "yeah, it it sounds like uh we're on the"}, {"start": "00:38:24", "end": "00:38:31", "text": "same page. Has boundary and agency of"}, {"start": "00:38:28", "end": "00:38:34", "text": "self. Okay, English is too complex for"}, {"start": "00:38:31", "end": "00:38:36", "text": "me, but it sounds reasonable. Yeah."}, {"start": "00:38:34", "end": "00:38:38", "text": "Uh guys, questions, questions. Okay,"}, {"start": "00:38:36", "end": "00:38:42", "text": "give me more question or we end it and"}, {"start": "00:38:38", "end": "00:38:42", "text": "we'll be back tomorrow."}, {"start": "00:38:56", "end": "00:39:00", "text": "ah agency exactly not taking personal"}, {"start": "00:38:59", "end": "00:39:02", "text": "exactly exactly like that's by the way"}, {"start": "00:39:00", "end": "00:39:04", "text": "guys I I keep see I'm managing"}, {"start": "00:39:02", "end": "00:39:06", "text": "expectations here everything can go to"}, {"start": "00:39:04", "end": "00:39:07", "text": "zero I show disclaimer Luca should have"}, {"start": "00:39:06", "end": "00:39:09", "text": "done the same he should have said hey"}, {"start": "00:39:07", "end": "00:39:11", "text": "guys disclaimer maybe I cancelceled this"}, {"start": "00:39:12", "end": "00:39:17", "text": "Yeah, I mean in crypto it would be even"}, {"start": "00:39:14", "end": "00:39:18", "text": "better to do that. I think normally you"}, {"start": "00:39:17", "end": "00:39:21", "text": "as a founder need to be all in but in"}, {"start": "00:39:18", "end": "00:39:23", "text": "crypto just to control the expectations"}, {"start": "00:39:21", "end": "00:39:26", "text": "I would just say hey guys I'm Luca this"}, {"start": "00:39:23", "end": "00:39:28", "text": "abstract maybe I cancel this okay"}, {"start": "00:39:26", "end": "00:39:29", "text": "good"}, {"start": "00:39:28", "end": "00:39:32", "text": "you farm but maybe I cancel this on"}, {"start": "00:39:29", "end": "00:39:35", "text": "you that would be better yeah that would"}, {"start": "00:39:32", "end": "00:39:38", "text": "be better that would be better"}, {"start": "00:39:35", "end": "00:39:40", "text": "that would be better uh so you guys if"}, {"start": "00:39:38", "end": "00:39:43", "text": "you want to be a crypto founder I can"}, {"start": "00:39:40", "end": "00:39:46", "text": "tell you I can tell you t tips and"}, {"start": "00:39:43", "end": "00:39:46", "text": "tricks tips and tricks"}, {"start": "00:39:51", "end": "00:39:56", "text": "check other let's see what's happening"}, {"start": "00:39:52", "end": "00:39:56", "text": "with ADA"}, {"start": "00:39:56", "end": "00:40:01", "text": "bull trend like we but like many coins"}, {"start": "00:39:58", "end": "00:40:04", "text": "uh it got bullish and then Bitcoin boop"}, {"start": "00:40:01", "end": "00:40:06", "text": "down it's also down but all in all it is"}, {"start": "00:40:04", "end": "00:40:09", "text": "good that we do see more and more"}, {"start": "00:40:06", "end": "00:40:11", "text": "confirmed bull trends currently uh I"}, {"start": "00:40:09", "end": "00:40:13", "text": "would not enter it until it goes above"}, {"start": "00:40:11", "end": "00:40:14", "text": "this so if your stop loss was hit I"}, {"start": "00:40:13", "end": "00:40:16", "text": "would just wait until goes back above"}, {"start": "00:40:14", "end": "00:40:20", "text": "this and boop boop. It can it can"}, {"start": "00:40:16", "end": "00:40:20", "text": "continue higher than"}, {"start": "00:40:28", "end": "00:40:32", "text": "what's the best new projects you're"}, {"start": "00:40:29", "end": "00:40:35", "text": "investing in that you might know that we"}, {"start": "00:40:32", "end": "00:40:36", "text": "might not know about currently none."}, {"start": "00:40:35", "end": "00:40:38", "text": "Currently there there are no new"}, {"start": "00:40:36", "end": "00:40:40", "text": "projects."}, {"start": "00:40:38", "end": "00:40:42", "text": "We're not in that stage of the cycle"}, {"start": "00:40:40", "end": "00:40:44", "text": "where there are new projects that are"}, {"start": "00:40:42", "end": "00:40:47", "text": "exciting and fun. Um now it's more that"}, {"start": "00:40:44", "end": "00:40:51", "text": "the existing projects turn bullish."}, {"start": "00:40:47", "end": "00:40:53", "text": "There will be a uh period where new"}, {"start": "00:40:51", "end": "00:40:56", "text": "projects are going to be minting left"}, {"start": "00:40:53", "end": "00:40:58", "text": "and right as the bull market evolves as"}, {"start": "00:40:56", "end": "00:41:00", "text": "the altcoin season comes back. But now"}, {"start": "00:40:58", "end": "00:41:03", "text": "there are probably some new projects but"}, {"start": "00:41:00", "end": "00:41:05", "text": "uh it's not the market conditions are"}, {"start": "00:41:03", "end": "00:41:07", "text": "not good for them. There's not too much"}, {"start": "00:41:05", "end": "00:41:09", "text": "launching. There's not too much going"}, {"start": "00:41:07", "end": "00:41:11", "text": "on. If you do a project now you're not"}, {"start": "00:41:09", "end": "00:41:15", "text": "going to get a lot of attention. So"}, {"start": "00:41:11", "end": "00:41:17", "text": "we're not in that old coin stage where a"}, {"start": "00:41:15", "end": "00:41:21", "text": "lot of them are doing good. So"}, {"start": "00:41:17", "end": "00:41:24", "text": "riskreward wise um not too good not too"}, {"start": "00:41:21", "end": "00:41:25", "text": "good currently with new ones. uh because"}, {"start": "00:41:24", "end": "00:41:27", "text": "existing ones themselves have a lot to"}, {"start": "00:41:25", "end": "00:41:29", "text": "pump just to come back to previous"}, {"start": "00:41:27", "end": "00:41:31", "text": "resistances just to yeah recover some"}, {"start": "00:41:29", "end": "00:41:33", "text": "some of the losses in the bear and that"}, {"start": "00:41:31", "end": "00:41:36", "text": "is probably the best opportunity now"}, {"start": "00:41:33", "end": "00:41:37", "text": "riskreward wise as we get more and more"}, {"start": "00:41:36", "end": "00:41:40", "text": "into the bowl there going to be other"}, {"start": "00:41:37", "end": "00:41:40", "text": "opportunities"}, {"start": "00:41:45", "end": "00:41:50", "text": "prove X hasn't launched yet"}, {"start": "00:41:48", "end": "00:41:53", "text": "wait but didn't he didn't hard raise"}, {"start": "00:41:50", "end": "00:41:56", "text": "money for prove X how he's going to"}, {"start": "00:41:53", "end": "00:41:59", "text": "launch it from jail now. How he's going"}, {"start": "00:41:56", "end": "00:41:59", "text": "to launch it?"}, {"start": "00:41:59", "end": "00:42:05", "text": "So, he's never I mean, maybe he's going"}, {"start": "00:42:01", "end": "00:42:07", "text": "to be launched in 5 years when he's out."}, {"start": "00:42:05", "end": "00:42:08", "text": "Oh, yeah. Yeah. Guys, listen. Thank you"}, {"start": "00:42:07", "end": "00:42:10", "text": "very much for being here. Sign up for"}, {"start": "00:42:08", "end": "00:42:13", "text": "the We're at 50 minutes. Good length."}, {"start": "00:42:10", "end": "00:42:16", "text": "Sign up for the Boom newsletter below."}, {"start": "00:42:13", "end": "00:42:18", "text": "Do it as soon as possible. Uh for fully"}, {"start": "00:42:16", "end": "00:42:20", "text": "free so you get all the updates. If you"}, {"start": "00:42:18", "end": "00:42:21", "text": "have 100K or more in your portfolio and"}, {"start": "00:42:20", "end": "00:42:23", "text": "you want to join Bulmania, now is the"}, {"start": "00:42:21", "end": "00:42:26", "text": "time because we have applications open"}, {"start": "00:42:23", "end": "00:42:28", "text": "right now. Uh we are um allowing the the"}, {"start": "00:42:26", "end": "00:42:30", "text": "next cohort in likely for the coming"}, {"start": "00:42:28", "end": "00:42:33", "text": "days is going to be open. Use the link"}, {"start": "00:42:30", "end": "00:42:35", "text": "below as well. Boom.com to apply. You"}, {"start": "00:42:33", "end": "00:42:37", "text": "get all all my software, all the trading"}, {"start": "00:42:35", "end": "00:42:38", "text": "strategies, all my trading knowledge."}, {"start": "00:42:37", "end": "00:42:40", "text": "And in Q1, we're also going to be"}, {"start": "00:42:38", "end": "00:42:42", "text": "launching events. So that's going to be"}, {"start": "00:42:40", "end": "00:42:45", "text": "very very important for everyone in"}, {"start": "00:42:42", "end": "00:42:47", "text": "Bulmania. Uh as that guys, see you all"}, {"start": "00:42:45", "end": "00:42:51", "text": "tomorrow. Follow the plan. We follow the"}, {"start": "00:42:47", "end": "00:42:53", "text": "system. Uh volatility up down. Still the"}, {"start": "00:42:51", "end": "00:42:55", "text": "system is the system. We're bullish in a"}, {"start": "00:42:53", "end": "00:42:58", "text": "bull trend. Bitcoin is bullish. We're"}, {"start": "00:42:55", "end": "00:43:02", "text": "bullish Bitcoin because Bitcoin is in a"}, {"start": "00:42:58", "end": "00:43:05", "text": "bull trend. We keep a steady hand. We"}, {"start": "00:43:02", "end": "00:43:08", "text": "don't run around like chicken without"}, {"start": "00:43:05", "end": "00:43:10", "text": "the head. Um so yeah, that's that guys."}, {"start": "00:43:08", "end": "00:43:11", "text": "Smash the like, subscribe. Thank you"}, {"start": "00:43:10", "end": "00:43:13", "text": "everyone in the chat for great"}, {"start": "00:43:11", "end": "00:43:17", "text": "questions. Fantastic. And see you all"}, {"start": "00:43:13", "end": "00:43:17", "text": "very soon. Goodbye guys. Goodbye."}]

[{"start": "00:00:03", "end": "00:00:07", "text": "Oh yes. Oh yes. Yes. Oh yes. Guys,"}, {"start": "00:00:05", "end": "00:00:09", "text": "welcome to another episode. And as right"}, {"start": "00:00:07", "end": "00:00:12", "text": "now, Bitcoin is still holding on. We're"}, {"start": "00:00:09", "end": "00:00:15", "text": "still holding on to this very important"}, {"start": "00:00:12", "end": "00:00:17", "text": "support, which is the Maya high. As you"}, {"start": "00:00:15", "end": "00:00:19", "text": "know, holding on to May high is very"}, {"start": "00:00:17", "end": "00:00:22", "text": "important. And should we bounce here, we"}, {"start": "00:00:19", "end": "00:00:25", "text": "have a very very good chance of flying"}, {"start": "00:00:22", "end": "00:00:26", "text": "absolutely exploding towards 100K"}, {"start": "00:00:25", "end": "00:00:29", "text": "because there's literally not too much"}, {"start": "00:00:26", "end": "00:00:32", "text": "resistance left until this very very"}, {"start": "00:00:29", "end": "00:00:36", "text": "nice 100k level which basically would be"}, {"start": "00:00:32", "end": "00:00:38", "text": "going here above the January"}, {"start": "00:00:36", "end": "00:00:41", "text": "consolidation and that's it. Basically"}, {"start": "00:00:38", "end": "00:00:43", "text": "we have just one single consolidation to"}, {"start": "00:00:41", "end": "00:00:46", "text": "get to get above and then we are at"}, {"start": "00:00:43", "end": "00:00:48", "text": "100K. Should we get to 100K guys? Oh"}, {"start": "00:00:46", "end": "00:00:51", "text": "yeah, round number round number. The"}, {"start": "00:00:48", "end": "00:00:54", "text": "media loves round numbers. Should"}, {"start": "00:00:51", "end": "00:00:56", "text": "Bitcoin again go back to 100K, you will"}, {"start": "00:00:54", "end": "00:00:58", "text": "see a lot of FOMO. A lot a lot of people"}, {"start": "00:00:56", "end": "00:01:00", "text": "on the sidelines also a lot of retail"}, {"start": "00:00:58", "end": "00:01:03", "text": "obviously hearing that Bitcoin is back"}, {"start": "00:01:00", "end": "00:01:05", "text": "towards 100K. It will be monumental and"}, {"start": "00:01:03", "end": "00:01:07", "text": "that's why from 100K the teleport"}, {"start": "00:01:05", "end": "00:01:09", "text": "towards alltime high is likely to be"}, {"start": "00:01:07", "end": "00:01:11", "text": "very fast. Could be already by Christmas"}, {"start": "00:01:09", "end": "00:01:13", "text": "just like Anam is saying could already"}, {"start": "00:01:11", "end": "00:01:15", "text": "be by Christmas. Time really goes fast"}, {"start": "00:01:13", "end": "00:01:17", "text": "in crypto. But at the same time, a lot"}, {"start": "00:01:15", "end": "00:01:20", "text": "of things happened during short periods"}, {"start": "00:01:17", "end": "00:01:22", "text": "of time. If you think back what happened"}, {"start": "00:01:20", "end": "00:01:26", "text": "last October, you remember what"}, {"start": "00:01:22", "end": "00:01:28", "text": "happened? We were here at 120, 125. And"}, {"start": "00:01:26", "end": "00:01:30", "text": "then once we start go down here, we"}, {"start": "00:01:28", "end": "00:01:32", "text": "said, \"Hey, this is not good. This is"}, {"start": "00:01:30", "end": "00:01:35", "text": "not good.\" And then in just a few"}, {"start": "00:01:32", "end": "00:01:38", "text": "months, we went from 126 all the way to"}, {"start": "00:01:35", "end": "00:01:41", "text": "like 80K. Okay, this from October to the"}, {"start": "00:01:38", "end": "00:01:43", "text": "end of the year here, we're at like 80K."}, {"start": "00:01:41", "end": "00:01:45", "text": "All right. So this can happen very very"}, {"start": "00:01:43", "end": "00:01:47", "text": "fast once you start moving in whatever"}, {"start": "00:01:45", "end": "00:01:50", "text": "direction whether down after a big bull"}, {"start": "00:01:47", "end": "00:01:52", "text": "market or up after a big bare market can"}, {"start": "00:01:50", "end": "00:01:54", "text": "happen very fast. So until the end of"}, {"start": "00:01:52", "end": "00:01:57", "text": "the year we still have a lot of time a"}, {"start": "00:01:54", "end": "00:01:59", "text": "lot of time and of course the best thing"}, {"start": "00:01:57", "end": "00:02:01", "text": "would be that we actually get a bounce"}, {"start": "00:01:59", "end": "00:02:03", "text": "here because that's the most bullish"}, {"start": "00:02:01", "end": "00:02:05", "text": "scenario. You break resistance you test"}, {"start": "00:02:03", "end": "00:02:09", "text": "it like now and then you explode. Should"}, {"start": "00:02:05", "end": "00:02:11", "text": "we fall below it? Is it the end of the"}, {"start": "00:02:09", "end": "00:02:13", "text": "uh Bitcoin? The end of the times? Is it"}, {"start": "00:02:11", "end": "00:02:15", "text": "the end? Is end of the bull? No more"}, {"start": "00:02:13", "end": "00:02:17", "text": "bull. No, it's not the end of the bull."}, {"start": "00:02:15", "end": "00:02:20", "text": "It just means longer sideways, longer"}, {"start": "00:02:17", "end": "00:02:21", "text": "chop. Maybe back to 70ish, whatever."}, {"start": "00:02:20", "end": "00:02:23", "text": "Going sideways, chopping, chopping,"}, {"start": "00:02:21", "end": "00:02:25", "text": "chopping. Then we have to get above the"}, {"start": "00:02:23", "end": "00:02:28", "text": "resistance. So, still bullish, still new"}, {"start": "00:02:25", "end": "00:02:30", "text": "bull market, just not the best ideal"}, {"start": "00:02:28", "end": "00:02:31", "text": "scenario. And we have a lot to discuss"}, {"start": "00:02:30", "end": "00:02:33", "text": "today, guys. Welcome everyone who is"}, {"start": "00:02:31", "end": "00:02:36", "text": "watching live. Smash up the like as soon"}, {"start": "00:02:33", "end": "00:02:38", "text": "as possible. Subscribe to the channel if"}, {"start": "00:02:36", "end": "00:02:40", "text": "you are new. and read this beautiful"}, {"start": "00:02:38", "end": "00:02:42", "text": "disclaimer. Pause and read because"}, {"start": "00:02:40", "end": "00:02:44", "text": "nothing here is financial advice."}, {"start": "00:02:42", "end": "00:02:47", "text": "Whatever you put in the market, you can"}, {"start": "00:02:44", "end": "00:02:49", "text": "lose. It can all go to zero tomorrow."}, {"start": "00:02:47", "end": "00:02:51", "text": "Don't follow me or don't copy me"}, {"start": "00:02:49", "end": "00:02:53", "text": "blindly. Do your own research. Do your"}, {"start": "00:02:51", "end": "00:02:55", "text": "own research. You remember five years"}, {"start": "00:02:53", "end": "00:02:56", "text": "ago, six years ago, we called this"}, {"start": "00:02:55", "end": "00:02:58", "text": "confirm that you have the big boy pants"}, {"start": "00:02:56", "end": "00:02:59", "text": "on. It's very important, very, very"}, {"start": "00:02:58", "end": "00:03:01", "text": "important. Especially in these times,"}, {"start": "00:02:59", "end": "00:03:03", "text": "volatile times, emotional times."}, {"start": "00:03:01", "end": "00:03:05", "text": "Emotional times. Even when market goes"}, {"start": "00:03:03", "end": "00:03:06", "text": "up, because of your emotion, you're"}, {"start": "00:03:05", "end": "00:03:08", "text": "still gonna mess it I mean it's"}, {"start": "00:03:06", "end": "00:03:10", "text": "unfortunately how it is. Unfortunately"}, {"start": "00:03:08", "end": "00:03:14", "text": "that's how it is. The number one uh"}, {"start": "00:03:10", "end": "00:03:16", "text": "enemy of the plebe is the brain of the"}, {"start": "00:03:14", "end": "00:03:18", "text": "plebe. Okay the the number one enemy"}, {"start": "00:03:16", "end": "00:03:21", "text": "even if bull market is amazing even if"}, {"start": "00:03:18", "end": "00:03:22", "text": "everything is up still because of the"}, {"start": "00:03:21", "end": "00:03:24", "text": "volatility"}, {"start": "00:03:22", "end": "00:03:26", "text": "people still mess up like you know"}, {"start": "00:03:24", "end": "00:03:29", "text": "looking at bitcoin through the years how"}, {"start": "00:03:26", "end": "00:03:30", "text": "is it possible to not take advantage of"}, {"start": "00:03:29", "end": "00:03:32", "text": "all of these bull markets. It looks so"}, {"start": "00:03:30", "end": "00:03:34", "text": "easy when you zoom out and you just see"}, {"start": "00:03:32", "end": "00:03:36", "text": "a chart like this. It looks so easy. It"}, {"start": "00:03:34", "end": "00:03:37", "text": "looks so easy. Especially when you have"}, {"start": "00:03:36", "end": "00:03:39", "text": "the money line, you see the trend is so"}, {"start": "00:03:37", "end": "00:03:41", "text": "easy. Another one here, you know, it's"}, {"start": "00:03:39", "end": "00:03:43", "text": "so easy. So, but yeah, if you actually"}, {"start": "00:03:41", "end": "00:03:46", "text": "go through here and it and it dumps like"}, {"start": "00:03:43", "end": "00:03:48", "text": "30%, 40% and then continues up, it's not"}, {"start": "00:03:46", "end": "00:03:50", "text": "as easy as it looks. And that's why the"}, {"start": "00:03:48", "end": "00:03:53", "text": "mental the mental work is the number one"}, {"start": "00:03:50", "end": "00:03:55", "text": "most important thing everyone should do"}, {"start": "00:03:53", "end": "00:03:57", "text": "with their own trading. Focus on the"}, {"start": "00:03:55", "end": "00:03:59", "text": "mental. That's exactly what we do in"}, {"start": "00:03:57", "end": "00:04:02", "text": "Bulmania. If you go to bulmania.com, you"}, {"start": "00:03:59", "end": "00:04:04", "text": "can now click apply here and we're going"}, {"start": "00:04:02", "end": "00:04:07", "text": "to tell you how to join Bulmania. You"}, {"start": "00:04:04", "end": "00:04:09", "text": "need at least 100K in your portfolio."}, {"start": "00:04:07", "end": "00:04:10", "text": "So, we'll open up a new cohort now."}, {"start": "00:04:09", "end": "00:04:13", "text": "Probably going to be open for the coming"}, {"start": "00:04:10", "end": "00:04:14", "text": "days uh before we close it again. We"}, {"start": "00:04:13", "end": "00:04:16", "text": "work in cohorts because there is limited"}, {"start": "00:04:14", "end": "00:04:18", "text": "that uh spots because we have a very"}, {"start": "00:04:16", "end": "00:04:20", "text": "very individual approach here. But all"}, {"start": "00:04:18", "end": "00:04:22", "text": "in all, if you have 100K in your"}, {"start": "00:04:20", "end": "00:04:24", "text": "portfolio or more, click apply on"}, {"start": "00:04:22", "end": "00:04:25", "text": "bulmia.com. It is now open. We're going"}, {"start": "00:04:24", "end": "00:04:27", "text": "to explain to you everything here. when"}, {"start": "00:04:25", "end": "00:04:30", "text": "you click apply, how it works, how to"}, {"start": "00:04:27", "end": "00:04:32", "text": "join, etc. And if you don't have 100K,"}, {"start": "00:04:30", "end": "00:04:34", "text": "just join the Bullmania newsletter. It's"}, {"start": "00:04:32", "end": "00:04:36", "text": "also in description. This one is free. I"}, {"start": "00:04:34", "end": "00:04:38", "text": "give you fantastic, fantastic, fantastic"}, {"start": "00:04:36", "end": "00:04:41", "text": "market update. For example, for example,"}, {"start": "00:04:38", "end": "00:04:42", "text": "when things dump, I tell you what I'm"}, {"start": "00:04:41", "end": "00:04:45", "text": "doing, whether I'm buying, whether I'm"}, {"start": "00:04:42", "end": "00:04:47", "text": "selling, everything I tell you. For"}, {"start": "00:04:45", "end": "00:04:49", "text": "example, here in on September 18th,"}, {"start": "00:04:47", "end": "00:04:52", "text": "remember when we dumped to 75, I told"}, {"start": "00:04:49", "end": "00:04:54", "text": "you what I am buying. I'm personally"}, {"start": "00:04:52", "end": "00:04:57", "text": "deploying into this weakness. Now we are"}, {"start": "00:04:54", "end": "00:04:59", "text": "at 83. People are freaking out. Okay, we"}, {"start": "00:04:57", "end": "00:05:01", "text": "were just at 73. People were freaking"}, {"start": "00:04:59", "end": "00:05:02", "text": "out. We're at 83. People also People"}, {"start": "00:05:01", "end": "00:05:04", "text": "always freak out. And that's the"}, {"start": "00:05:02", "end": "00:05:07", "text": "problem. People always freak out. There"}, {"start": "00:05:04", "end": "00:05:09", "text": "has never been a week in crypto where"}, {"start": "00:05:07", "end": "00:05:11", "text": "people don't freak out. Someone always"}, {"start": "00:05:09", "end": "00:05:13", "text": "you can have any chart. You can have any"}, {"start": "00:05:11", "end": "00:05:17", "text": "market condition. Someone will always"}, {"start": "00:05:13", "end": "00:05:19", "text": "always always freak out. Okay."}, {"start": "00:05:17", "end": "00:05:21", "text": "Fantastic. Fantastic. And that's that's"}, {"start": "00:05:19", "end": "00:05:23", "text": "actually good because if you control"}, {"start": "00:05:21", "end": "00:05:25", "text": "your emotions, you take their money. I"}, {"start": "00:05:23", "end": "00:05:28", "text": "mean brutally that's how it is. If you"}, {"start": "00:05:25", "end": "00:05:29", "text": "are emotional and you lose money in the"}, {"start": "00:05:28", "end": "00:05:31", "text": "market, where did that money go? Did it"}, {"start": "00:05:29", "end": "00:05:33", "text": "disappear into the ether? Well, if you"}, {"start": "00:05:31", "end": "00:05:36", "text": "buy ETH, it could disappear into the"}, {"start": "00:05:33", "end": "00:05:38", "text": "ether. Metallic is is doing L2 for guys,"}, {"start": "00:05:36", "end": "00:05:40", "text": "not pumping the price. The money when"}, {"start": "00:05:38", "end": "00:05:42", "text": "you lose money, someone else gets it."}, {"start": "00:05:40", "end": "00:05:44", "text": "Someone else has your money. Someone who"}, {"start": "00:05:42", "end": "00:05:46", "text": "controls emotion, someone that has a"}, {"start": "00:05:44", "end": "00:05:47", "text": "plan, someone that has mechanical rules."}, {"start": "00:05:46", "end": "00:05:51", "text": "So guys, very important. Moving on. Look"}, {"start": "00:05:47", "end": "00:05:53", "text": "here. There's all kinds of uh markets"}, {"start": "00:05:51", "end": "00:05:56", "text": "now predicting the price of Bitcoin when"}, {"start": "00:05:53", "end": "00:05:59", "text": "we're going to cross alltime high. So"}, {"start": "00:05:56", "end": "00:06:03", "text": "according to Khip there is a 24% chance"}, {"start": "00:05:59", "end": "00:06:07", "text": "that we're going to go to 130K by July"}, {"start": "00:06:03", "end": "00:06:09", "text": "2027. Uh there is uh on polymer do you"}, {"start": "00:06:07", "end": "00:06:10", "text": "see something on poly market and no"}, {"start": "00:06:09", "end": "00:06:12", "text": "nothing on polymer is basically the only"}, {"start": "00:06:10", "end": "00:06:14", "text": "one. You have Anam saying that alltime"}, {"start": "00:06:12", "end": "00:06:19", "text": "high by Christmas. Uh Koshi is saying"}, {"start": "00:06:14", "end": "00:06:20", "text": "27% chance to go next year to to to 130"}, {"start": "00:06:19", "end": "00:06:22", "text": "for us. I think the timeline the way I"}, {"start": "00:06:20", "end": "00:06:25", "text": "see the timeline it it is a bit shorter."}, {"start": "00:06:22", "end": "00:06:27", "text": "It's it's it's a bit shorter. We just"}, {"start": "00:06:25", "end": "00:06:28", "text": "have to ensure that we get a bounce"}, {"start": "00:06:27", "end": "00:06:30", "text": "here. Should we get a bounce here? The"}, {"start": "00:06:28", "end": "00:06:31", "text": "timeline to alltime high is going to be"}, {"start": "00:06:30", "end": "00:06:32", "text": "very short. I think it's going to be"}, {"start": "00:06:31", "end": "00:06:35", "text": "very short. There's not too much"}, {"start": "00:06:32", "end": "00:06:37", "text": "resistance towards uh 100K and after"}, {"start": "00:06:35", "end": "00:06:39", "text": "100K round number big fat explosion."}, {"start": "00:06:37", "end": "00:06:40", "text": "Obviously think about what all are going"}, {"start": "00:06:39", "end": "00:06:42", "text": "to do."}, {"start": "00:06:40", "end": "00:06:46", "text": "likely are going to be insane during"}, {"start": "00:06:42", "end": "00:06:48", "text": "that time. Uh nothing really has"}, {"start": "00:06:46", "end": "00:06:50", "text": "developed into into some kind of big old"}, {"start": "00:06:48", "end": "00:06:51", "text": "season yet. It may seem like many alans"}, {"start": "00:06:50", "end": "00:06:53", "text": "are doing well, but if you think about"}, {"start": "00:06:51", "end": "00:06:54", "text": "it, we're just in the beginning and"}, {"start": "00:06:53", "end": "00:06:56", "text": "people are fearful by the way. Now"}, {"start": "00:06:54", "end": "00:07:00", "text": "people are very very fearful. You see"}, {"start": "00:06:56", "end": "00:07:01", "text": "here there is a lot a lot of fear on the"}, {"start": "00:07:00", "end": "00:07:03", "text": "timeline. People are saying there is no"}, {"start": "00:07:01", "end": "00:07:05", "text": "bull market. People are saying maybe"}, {"start": "00:07:03", "end": "00:07:08", "text": "it's a Bart. Maybe it's a big fat Bart"}, {"start": "00:07:05", "end": "00:07:10", "text": "here. Okay. Uh something that's going to"}, {"start": "00:07:08", "end": "00:07:11", "text": "give a lot of confidence into for the"}, {"start": "00:07:10", "end": "00:07:14", "text": "market is the midterms. When the"}, {"start": "00:07:11", "end": "00:07:15", "text": "midterms are over, guys, when the"}, {"start": "00:07:14", "end": "00:07:17", "text": "midterms are over, we're going to be"}, {"start": "00:07:15", "end": "00:07:20", "text": "flying very high. There's going to be"}, {"start": "00:07:17", "end": "00:07:22", "text": "certainty in the market. Markets don't"}, {"start": "00:07:20", "end": "00:07:23", "text": "like uncertainty. Now, with midterms,"}, {"start": "00:07:22", "end": "00:07:25", "text": "there is a bit of uncertainty. It's"}, {"start": "00:07:23", "end": "00:07:26", "text": "going to be Republican, Democrat, and"}, {"start": "00:07:25", "end": "00:07:28", "text": "the result actually doesn't really"}, {"start": "00:07:26", "end": "00:07:30", "text": "matter. What matters is certainty. So,"}, {"start": "00:07:28", "end": "00:07:32", "text": "once we have certainty, stock market up,"}, {"start": "00:07:30", "end": "00:07:34", "text": "everything up. Fantastic. Fantastic."}, {"start": "00:07:32", "end": "00:07:37", "text": "Speaking about midterms, speaking about"}, {"start": "00:07:34", "end": "00:07:40", "text": "Trump, he has a new press secretary."}, {"start": "00:07:37", "end": "00:07:43", "text": "Okay, people are attacking her that she"}, {"start": "00:07:40", "end": "00:07:44", "text": "did not do good job, but I think she she"}, {"start": "00:07:43", "end": "00:07:45", "text": "did good job. Let's listen to what what"}, {"start": "00:07:44", "end": "00:07:48", "text": "she said."}, {"start": "00:07:45", "end": "00:07:51", "text": ">> So, my president, excuse me, my husband."}, {"start": "00:07:48", "end": "00:07:55", "text": "I want to thank President Trump"}, {"start": "00:07:51", "end": "00:07:58", "text": "for his trust that he has placed in me."}, {"start": "00:07:55", "end": "00:08:00", "text": "I have wanted to work for him for"}, {"start": "00:07:58", "end": "00:08:01", "text": ">> anyway, you probably have seen"}, {"start": "00:08:00", "end": "00:08:04", "text": "Have you seen those videos? There's like"}, {"start": "00:08:01", "end": "00:08:08", "text": "a million of them. People are attacking"}, {"start": "00:08:04", "end": "00:08:09", "text": "this lady. This girl is"}, {"start": "00:08:08", "end": "00:08:10", "text": ">> wait. Here's another one. I don't want"}, {"start": "00:08:09", "end": "00:08:11", "text": "to play the other one because it was"}, {"start": "00:08:10", "end": "00:08:13", "text": "music. I don't know if it's copyrighted"}, {"start": "00:08:11", "end": "00:08:13", "text": "that circus music. Let's play without"}, {"start": "00:08:13", "end": "00:08:16", "text": "music."}, {"start": "00:08:13", "end": "00:08:20", "text": ">> Up and packing arenas to support"}, {"start": "00:08:16", "end": "00:08:20", "text": "President Trump and Republicans."}, {"start": "00:08:21", "end": "00:08:26", "text": "It's not hard to see why he delivers on"}, {"start": "00:08:24", "end": "00:08:29", "text": "every promise."}, {"start": "00:08:26", "end": "00:08:30", "text": ">> No music. No music. Anyway, guys, you"}, {"start": "00:08:29", "end": "00:08:32", "text": "know, I think she did a good job. She"}, {"start": "00:08:30", "end": "00:08:34", "text": "She looks great. I mean, what was the"}, {"start": "00:08:32", "end": "00:08:35", "text": "problem? What's the problem? She looks"}, {"start": "00:08:34", "end": "00:08:37", "text": "great. She said some stuff. You know,"}, {"start": "00:08:35", "end": "00:08:39", "text": "press secretary, you don't have to be a"}, {"start": "00:08:37", "end": "00:08:41", "text": "genius, man. You're not doing PhD here."}, {"start": "00:08:39", "end": "00:08:42", "text": "It doesn't matter who it is. And if you"}, {"start": "00:08:41", "end": "00:08:44", "text": "have to choose, okay, let's have a girl."}, {"start": "00:08:42", "end": "00:08:46", "text": "Why why have some dude? Okay, why have"}, {"start": "00:08:44", "end": "00:08:48", "text": "some I mean, at the end of the day, you"}, {"start": "00:08:46", "end": "00:08:50", "text": "know, it's not it's not mission critical"}, {"start": "00:08:48", "end": "00:08:53", "text": "stuff here. Telling what has happened,"}, {"start": "00:08:50", "end": "00:08:56", "text": "reading some news, uh this and that."}, {"start": "00:08:53", "end": "00:08:57", "text": "People say many things"}, {"start": "00:08:56", "end": "00:08:59", "text": ">> we do. He had there is"}, {"start": "00:08:57", "end": "00:09:00", "text": ">> Okay, finally this one is without music."}, {"start": "00:08:59", "end": "00:09:01", "text": "Let's play this one."}, {"start": "00:09:00", "end": "00:09:04", "text": ">> And something President Trump is"}, {"start": "00:09:01", "end": "00:09:07", "text": "delivering on just like he delivers on"}, {"start": "00:09:04", "end": "00:09:11", "text": "every promise."}, {"start": "00:09:07", "end": "00:09:12", "text": "In addition to that, we will be"}, {"start": "00:09:11", "end": "00:09:14", "text": ">> No, it's like in school. You're like"}, {"start": "00:09:12", "end": "00:09:16", "text": "doing presentation in school. You start"}, {"start": "00:09:14", "end": "00:09:20", "text": "laughing in the middle of it."}, {"start": "00:09:16", "end": "00:09:23", "text": ">> We will be do he there is $54 billion"}, {"start": "00:09:20", "end": "00:09:25", "text": "tied to the Alaska LNG pipeline and"}, {"start": "00:09:23", "end": "00:09:27", "text": "terminal. So my president"}, {"start": "00:09:25", "end": "00:09:29", "text": ">> Anyway, her makeup is amazing. I mean,"}, {"start": "00:09:27", "end": "00:09:31", "text": "that's it. At the end of the day, here's"}, {"start": "00:09:29", "end": "00:09:33", "text": "the thing. Yeah. It's like you didn't"}, {"start": "00:09:31", "end": "00:09:36", "text": "prepare for the test. You have to"}, {"start": "00:09:33", "end": "00:09:39", "text": " yourself into the into the"}, {"start": "00:09:36", "end": "00:09:42", "text": "classroom. Okay. Teacher says, \"Ivan,"}, {"start": "00:09:39", "end": "00:09:45", "text": "go and speak.\" And you're like, \"Yeah.\""}, {"start": "00:09:42", "end": "00:09:47", "text": "You start laughing at at your own"}, {"start": "00:09:45", "end": "00:09:51", "text": "invention that you invented on the spot."}, {"start": "00:09:47", "end": "00:09:54", "text": "Like, okay, let me tell you."}, {"start": "00:09:51", "end": "00:09:56", "text": "President. Oh, my husband. I don't know."}, {"start": "00:09:54", "end": "00:09:58", "text": "I think she's great, guys. I mean uh"}, {"start": "00:09:56", "end": "00:10:00", "text": "rather this than some kind of you know"}, {"start": "00:09:58", "end": "00:10:02", "text": "something else something that is you"}, {"start": "00:10:00", "end": "00:10:04", "text": "know five gender or what any guys we're"}, {"start": "00:10:02", "end": "00:10:05", "text": "not we're not going to be police I think"}, {"start": "00:10:04", "end": "00:10:07", "text": "it's good it's not a mission critical"}, {"start": "00:10:05", "end": "00:10:10", "text": "thing guys relax it's not a mission"}, {"start": "00:10:07", "end": "00:10:12", "text": "critical thing it's uh she's not driving"}, {"start": "00:10:10", "end": "00:10:14", "text": "the plane okay she's just speaking about"}, {"start": "00:10:12", "end": "00:10:17", "text": "stuff and that's perfect and that's"}, {"start": "00:10:14", "end": "00:10:21", "text": "perfect guys look here crypto is in its"}, {"start": "00:10:17", "end": "00:10:23", "text": "value era okay it means cheap it's cheap"}, {"start": "00:10:21", "end": "00:10:26", "text": "while"}, {"start": "00:10:23", "end": "00:10:29", "text": "AI is in its infl inflated token era."}, {"start": "00:10:26", "end": "00:10:31", "text": "Okay, very important. Money from AI is"}, {"start": "00:10:29", "end": "00:10:33", "text": "going to go into crypto. This is what"}, {"start": "00:10:31", "end": "00:10:35", "text": "Chris Binski is saying because crypto is"}, {"start": "00:10:33", "end": "00:10:38", "text": "cheap. It's it's you get value. You get"}, {"start": "00:10:35", "end": "00:10:41", "text": "value for your money. AI is very very"}, {"start": "00:10:38", "end": "00:10:43", "text": "low value now for your money. Okay. In"}, {"start": "00:10:41", "end": "00:10:45", "text": "October when we restore from crypto, we"}, {"start": "00:10:43", "end": "00:10:47", "text": "went into AI. Totally different"}, {"start": "00:10:45", "end": "00:10:52", "text": "situation. It was actually vice versa."}, {"start": "00:10:47", "end": "00:10:54", "text": "Now that AI has been so so so crazy, so"}, {"start": "00:10:52", "end": "00:10:56", "text": "crazy and so great for us since the"}, {"start": "00:10:54", "end": "00:10:58", "text": "summer approximately we're back into"}, {"start": "00:10:56", "end": "00:11:00", "text": "crypto. So and this is just continues. I"}, {"start": "00:10:58", "end": "00:11:03", "text": "mean since since the summer a lot of the"}, {"start": "00:11:00", "end": "00:11:05", "text": "air has disappeared from the sale of AI"}, {"start": "00:11:03", "end": "00:11:07", "text": "can you say like that that the air has"}, {"start": "00:11:05", "end": "00:11:10", "text": "disappeared from the sale. There was a"}, {"start": "00:11:07", "end": "00:11:11", "text": "big air in the sale for AI before the"}, {"start": "00:11:10", "end": "00:11:14", "text": "summer but then you know things started"}, {"start": "00:11:11", "end": "00:11:15", "text": "to go bare trend. It wasn't as constant"}, {"start": "00:11:14", "end": "00:11:18", "text": "bull trend. So since then the air has"}, {"start": "00:11:15", "end": "00:11:20", "text": "kind of vanished and it went into"}, {"start": "00:11:18", "end": "00:11:21", "text": "Bitcoin instead. It went into crypto"}, {"start": "00:11:20", "end": "00:11:23", "text": "instead. So yeah, we just follow the"}, {"start": "00:11:21", "end": "00:11:26", "text": "plan. This is not news for us by the way"}, {"start": "00:11:23", "end": "00:11:28", "text": "that AI is expensive can still continue"}, {"start": "00:11:26", "end": "00:11:30", "text": "for quite some time and for us the"}, {"start": "00:11:28", "end": "00:11:33", "text": "number one uh signal is the stock market"}, {"start": "00:11:30", "end": "00:11:35", "text": "whether we risk on or risk off. A lot of"}, {"start": "00:11:33", "end": "00:11:38", "text": "the gains in the stock market is is is"}, {"start": "00:11:35", "end": "00:11:40", "text": "AI. Okay. So it's still that it's an"}, {"start": "00:11:38", "end": "00:11:43", "text": "important factor for us that stocks"}, {"start": "00:11:40", "end": "00:11:45", "text": "remain in a bull trend. But ensuring"}, {"start": "00:11:43", "end": "00:11:47", "text": "that you have good performance by"}, {"start": "00:11:45", "end": "00:11:48", "text": "picking individual assets is better in"}, {"start": "00:11:47", "end": "00:11:50", "text": "crypto now. Way better in crypto than"}, {"start": "00:11:48", "end": "00:11:52", "text": "trying to pick individual AI stocks"}, {"start": "00:11:50", "end": "00:11:54", "text": "because that train has already left the"}, {"start": "00:11:52", "end": "00:11:55", "text": "station. You can still get into S&P"}, {"start": "00:11:54", "end": "00:11:57", "text": "NASDAQ, you know, just to ride the"}, {"start": "00:11:55", "end": "00:12:00", "text": "overall wave, but the big value"}, {"start": "00:11:57", "end": "00:12:02", "text": "creation, the big, you know, zero to one"}, {"start": "00:12:00", "end": "00:12:04", "text": "creation, it already happened since the"}, {"start": "00:12:02", "end": "00:12:05", "text": "beginning of the year. Now it's okay,"}, {"start": "00:12:04", "end": "00:12:07", "text": "maybe it's going to grow a bit more."}, {"start": "00:12:05", "end": "00:12:09", "text": "Maybe, maybe a bit more, maybe a bit"}, {"start": "00:12:07", "end": "00:12:11", "text": "more. But the big fat value creation is"}, {"start": "00:12:09", "end": "00:12:13", "text": "going to be now in in crypto, in all"}, {"start": "00:12:11", "end": "00:12:18", "text": "coins, in Bitcoin, and so forth. Look"}, {"start": "00:12:13", "end": "00:12:20", "text": "here. Goldman Goldman Sachs is saying or"}, {"start": "00:12:18", "end": "00:12:22", "text": "former Goldman Sachs guy is saying we're"}, {"start": "00:12:20", "end": "00:12:25", "text": "going to go very high. Listen to this. I"}, {"start": "00:12:22", "end": "00:12:27", "text": "think that Bitcoin having where it is in"}, {"start": "00:12:25", "end": "00:12:30", "text": "its adoption cycle and having a"}, {"start": "00:12:27", "end": "00:12:32", "text": "perfectly fixed supply and growing in"}, {"start": "00:12:30", "end": "00:12:34", "text": "adoption over the next 10 to 50 years"}, {"start": "00:12:32", "end": "00:12:38", "text": "puts us in a position to continue to"}, {"start": "00:12:34", "end": "00:12:40", "text": "outperform the S&P 500 um you know"}, {"start": "00:12:38", "end": "00:12:43", "text": "fairly meaningfully like I typically"}, {"start": "00:12:40", "end": "00:12:45", "text": "will model out uh a compound annual"}, {"start": "00:12:43", "end": "00:12:48", "text": "growth rate of what I think is is fairly"}, {"start": "00:12:45", "end": "00:12:50", "text": "conservative over a long period of time"}, {"start": "00:12:48", "end": "00:12:52", "text": "of 25% per year. Obviously, there's"}, {"start": "00:12:50", "end": "00:12:56", "text": "going to be a lot of volatility there."}, {"start": "00:12:52", "end": "00:12:59", "text": "Um, but I think that the the properties"}, {"start": "00:12:56", "end": "00:13:00", "text": "of Bitcoin, the utility case that it"}, {"start": "00:12:59", "end": "00:13:02", "text": "provides the world as a store of value"}, {"start": "00:13:00", "end": "00:13:05", "text": "and the fact that we live in this"}, {"start": "00:13:02", "end": "00:13:07", "text": "digital world, um, and will continue to"}, {"start": "00:13:05", "end": "00:13:09", "text": "do so, and the fact that the fiat"}, {"start": "00:13:07", "end": "00:13:12", "text": "financial system will continue to to"}, {"start": "00:13:09", "end": "00:13:14", "text": "produce money and credit to debase the"}, {"start": "00:13:12", "end": "00:13:16", "text": "money that Bitcoin is denominated in uh,"}, {"start": "00:13:14", "end": "00:13:18", "text": "virtually guarantees that it will go up"}, {"start": "00:13:16", "end": "00:13:21", "text": "over a long period of time. And then the"}, {"start": "00:13:18", "end": "00:13:23", "text": "question is just how much relative to"}, {"start": "00:13:21", "end": "00:13:25", "text": "other assets. And I think because of"}, {"start": "00:13:23", "end": "00:13:26", "text": "Bitcoin's fixed supply and that upswell"}, {"start": "00:13:25", "end": "00:13:29", "text": "in demand that we're seeing and"}, {"start": "00:13:26", "end": "00:13:31", "text": "adoption, it will outpace uh the"}, {"start": "00:13:29", "end": "00:13:32", "text": "majority of all assets if not every"}, {"start": "00:13:31", "end": "00:13:34", "text": "other"}, {"start": "00:13:32", "end": "00:13:37", "text": ">> and Ray Dalo here agrees. Ray Dalo just"}, {"start": "00:13:34", "end": "00:13:39", "text": "published a big blog post about how the"}, {"start": "00:13:37", "end": "00:13:41", "text": "sovereign debt crisis is going to bring"}, {"start": "00:13:39", "end": "00:13:43", "text": "fiat down. You should read it. This is"}, {"start": "00:13:41", "end": "00:13:45", "text": "something that we speak about in all of"}, {"start": "00:13:43", "end": "00:13:48", "text": "the live streams. In all of the live"}, {"start": "00:13:45", "end": "00:13:51", "text": "streams, we touch on this um uh topic of"}, {"start": "00:13:48", "end": "00:13:53", "text": "bonds because currently bond yields are"}, {"start": "00:13:51", "end": "00:13:55", "text": "very high across the western world."}, {"start": "00:13:53", "end": "00:13:56", "text": "Whether you look at the US, whether you"}, {"start": "00:13:55", "end": "00:13:58", "text": "look at France, especially in the EU,"}, {"start": "00:13:56", "end": "00:14:00", "text": "France is so bad. France is horrible."}, {"start": "00:13:58", "end": "00:14:03", "text": "France is on the brink of collapse"}, {"start": "00:14:00", "end": "00:14:05", "text": "financially, okay? Let's not let's not"}, {"start": "00:14:03", "end": "00:14:07", "text": "hide it. It's it's very bad. The next"}, {"start": "00:14:05", "end": "00:14:09", "text": "Greece, you know, the Greece crisis, the"}, {"start": "00:14:07", "end": "00:14:12", "text": "you know this pigs, you remember the"}, {"start": "00:14:09", "end": "00:14:15", "text": "pigs, Portugal, uh what is it? Ireland,"}, {"start": "00:14:12", "end": "00:14:18", "text": "Greece, Spain, uh which was 15 years ago"}, {"start": "00:14:15", "end": "00:14:20", "text": "or so. Uh France is going to be the the"}, {"start": "00:14:18", "end": "00:14:21", "text": "new one. Okay. And it's going to happen"}, {"start": "00:14:20", "end": "00:14:23", "text": "very fast. Uh probably within the coming"}, {"start": "00:14:21", "end": "00:14:26", "text": "year there's going to be unraveling of"}, {"start": "00:14:23", "end": "00:14:28", "text": "all of this. But the US itself is not is"}, {"start": "00:14:26", "end": "00:14:29", "text": "not doing that great. And here Ray Dal"}, {"start": "00:14:28", "end": "00:14:31", "text": "is explaining that at the end of the"}, {"start": "00:14:29", "end": "00:14:33", "text": "day, countries go broke when the supply"}, {"start": "00:14:31", "end": "00:14:35", "text": "of debt to be sold is much larger than"}, {"start": "00:14:33", "end": "00:14:38", "text": "the demand for it, which is currently"}, {"start": "00:14:35", "end": "00:14:40", "text": "true for the US for I mean for most"}, {"start": "00:14:38", "end": "00:14:42", "text": "Western countries when the yield is"}, {"start": "00:14:40", "end": "00:14:44", "text": "going up. when when is the yield going"}, {"start": "00:14:42", "end": "00:14:46", "text": "up? When there is not enough demand for"}, {"start": "00:14:44", "end": "00:14:48", "text": "the debt, that's when the yields go up."}, {"start": "00:14:46", "end": "00:14:50", "text": "Uh debt service payments a rise relative"}, {"start": "00:14:48", "end": "00:14:53", "text": "to incomes to levels that painfully"}, {"start": "00:14:50", "end": "00:14:55", "text": "squeeze out other spending. It's al also"}, {"start": "00:14:53", "end": "00:14:57", "text": "happening everywhere in the US. The debt"}, {"start": "00:14:55", "end": "00:14:59", "text": "service payment just the interest rate"}, {"start": "00:14:57", "end": "00:15:00", "text": "is more than the defense. It's more than"}, {"start": "00:14:59", "end": "00:15:02", "text": "any kind of other thing that they spend"}, {"start": "00:15:00", "end": "00:15:04", "text": "on. It's 1.3 trillion or something per"}, {"start": "00:15:02", "end": "00:15:07", "text": "per year. Isn't that crazy? 1.3 trillion"}, {"start": "00:15:04", "end": "00:15:09", "text": "per year. It's more than is more than"}, {"start": "00:15:07", "end": "00:15:10", "text": "anything. So both of these things are"}, {"start": "00:15:09", "end": "00:15:12", "text": "now happening and are projected to"}, {"start": "00:15:10", "end": "00:15:13", "text": "happen increasingly to the extent shown"}, {"start": "00:15:12", "end": "00:15:16", "text": "in this report. And then he goes through"}, {"start": "00:15:13", "end": "00:15:18", "text": "different factors uh compares to"}, {"start": "00:15:16", "end": "00:15:21", "text": "government debt levels uh percent of"}, {"start": "00:15:18", "end": "00:15:22", "text": "revenue this and that. Um and also"}, {"start": "00:15:21", "end": "00:15:26", "text": "another interesting number he spoke"}, {"start": "00:15:22", "end": "00:15:28", "text": "about which I is the is the number of"}, {"start": "00:15:26", "end": "00:15:30", "text": "bills versus bonds issued because"}, {"start": "00:15:28", "end": "00:15:32", "text": "currently there is not too much demand"}, {"start": "00:15:30", "end": "00:15:34", "text": "for the long-term bonds and the"}, {"start": "00:15:32", "end": "00:15:36", "text": "government is just issuing short-term"}, {"start": "00:15:34", "end": "00:15:39", "text": "bonds aka bills treasury bills and"}, {"start": "00:15:36", "end": "00:15:43", "text": "normally uh you have approximately 20%"}, {"start": "00:15:39", "end": "00:15:45", "text": "of debt issuance being uh treasury bills"}, {"start": "00:15:43", "end": "00:15:47", "text": "very very short term now it's around 50"}, {"start": "00:15:45", "end": "00:15:49", "text": "meaning that the government cannot"}, {"start": "00:15:47", "end": "00:15:51", "text": "really issue this long-term debt because"}, {"start": "00:15:49", "end": "00:15:53", "text": "there is no dem demand and should if"}, {"start": "00:15:51", "end": "00:15:55", "text": "they start doing that the yields are"}, {"start": "00:15:53", "end": "00:15:57", "text": "going to skyrocket even more because"}, {"start": "00:15:55", "end": "00:15:59", "text": "that's a a less liquid market. So if"}, {"start": "00:15:57", "end": "00:16:01", "text": "they put put on more supply, there's"}, {"start": "00:15:59", "end": "00:16:02", "text": "less liquid. It's a not liquid market."}, {"start": "00:16:01", "end": "00:16:04", "text": "The yields are going to go up a lot. So"}, {"start": "00:16:02", "end": "00:16:07", "text": "they're worried. That's why they only do"}, {"start": "00:16:04", "end": "00:16:09", "text": "the short-term bonds or bills, bills as"}, {"start": "00:16:07", "end": "00:16:11", "text": "the short-term ones are called. And uh"}, {"start": "00:16:09", "end": "00:16:12", "text": "that puts them in another problem where"}, {"start": "00:16:11", "end": "00:16:14", "text": "they have to refinance all the time."}, {"start": "00:16:12", "end": "00:16:16", "text": "They have to roll over the debt all the"}, {"start": "00:16:14", "end": "00:16:18", "text": "time. So the US is not doing great. EU"}, {"start": "00:16:16", "end": "00:16:19", "text": "not doing great because France is not"}, {"start": "00:16:18", "end": "00:16:21", "text": "doing great. Japan, he speaks about"}, {"start": "00:16:19", "end": "00:16:24", "text": "Japan a lot here also. Japan not doing"}, {"start": "00:16:21", "end": "00:16:27", "text": "great. So the dominoes are not really"}, {"start": "00:16:24", "end": "00:16:29", "text": "stable and the debasement trade is real"}, {"start": "00:16:27", "end": "00:16:30", "text": "because the only way to fix this if"}, {"start": "00:16:29", "end": "00:16:32", "text": "there is no demand on the market is to"}, {"start": "00:16:30", "end": "00:16:35", "text": "just print the dollar and buy the stuff"}, {"start": "00:16:32", "end": "00:16:36", "text": "yourself. Okay, that's easy. It's easy."}, {"start": "00:16:35", "end": "00:16:39", "text": "They try to avoid it. They try to avoid"}, {"start": "00:16:36", "end": "00:16:42", "text": "it. They try to figure stuff out. But a"}, {"start": "00:16:39", "end": "00:16:44", "text": "final stage final stage of all of this"}, {"start": "00:16:42", "end": "00:16:47", "text": "all roads lead to Rome. In this case,"}, {"start": "00:16:44", "end": "00:16:49", "text": "all roads lead to printer. Okay? So you"}, {"start": "00:16:47", "end": "00:16:51", "text": "want to have uh real assets. You want to"}, {"start": "00:16:49", "end": "00:16:53", "text": "have Bitcoin especially in this time and"}, {"start": "00:16:51", "end": "00:16:55", "text": "age. very important to have Bitcoin and"}, {"start": "00:16:53", "end": "00:16:57", "text": "the basement trade is just starting."}, {"start": "00:16:55", "end": "00:16:59", "text": "Most people don't even understand it."}, {"start": "00:16:57", "end": "00:17:01", "text": "It's just just starting. Uh just like"}, {"start": "00:16:59", "end": "00:17:04", "text": "crypto is coming back around. Uh looking"}, {"start": "00:17:01", "end": "00:17:07", "text": "at uh the current market, let's check"}, {"start": "00:17:04", "end": "00:17:10", "text": "here by market cap. Bitcoin down 0.5%,"}, {"start": "00:17:07", "end": "00:17:12", "text": "ETH down 1%. The market is very very"}, {"start": "00:17:10", "end": "00:17:13", "text": "sideways. The market is you can even say"}, {"start": "00:17:12", "end": "00:17:16", "text": "boring."}, {"start": "00:17:13", "end": "00:17:18", "text": "We we kind of get got used to uh big"}, {"start": "00:17:16", "end": "00:17:22", "text": "moves during the last weeks. This is"}, {"start": "00:17:18", "end": "00:17:24", "text": "Bitway 43% 105% over the last uh uh"}, {"start": "00:17:22", "end": "00:17:27", "text": "week. Let me see where we captured it in"}, {"start": "00:17:24", "end": "00:17:30", "text": "the money scanner. One part everyone in"}, {"start": "00:17:27", "end": "00:17:32", "text": "Bulma gets is of course the money"}, {"start": "00:17:30", "end": "00:17:37", "text": "scanner. Let me quickly check here. We"}, {"start": "00:17:32", "end": "00:17:39", "text": "go to crypto. We go to weekly"}, {"start": "00:17:37", "end": "00:17:41", "text": "and we see"}, {"start": "00:17:39", "end": "00:17:45", "text": "the flips here. One second. Yeah,"}, {"start": "00:17:41", "end": "00:17:48", "text": "Bitway. Holy crap. is bullish"}, {"start": "00:17:45", "end": "00:17:49", "text": "on the money scanner since three months"}, {"start": "00:17:48", "end": "00:17:52", "text": "ago."}, {"start": "00:17:49", "end": "00:17:54", "text": "Fantastic. Shareex another I mean a a"}, {"start": "00:17:52", "end": "00:17:55", "text": "lot of these guys you still got to"}, {"start": "00:17:54", "end": "00:17:57", "text": "manage risk a lot and be careful like"}, {"start": "00:17:55", "end": "00:17:59", "text": "who the hell knows shareex what it is"}, {"start": "00:17:57", "end": "00:18:01", "text": "but it's up a lot. It's up a lot since"}, {"start": "00:17:59", "end": "00:18:03", "text": "the bull flip in bulmania we teach risk"}, {"start": "00:18:01", "end": "00:18:05", "text": "management. So you have to worry too"}, {"start": "00:18:03", "end": "00:18:07", "text": "much what the hell all of this is. You"}, {"start": "00:18:05", "end": "00:18:09", "text": "have risk management in case it goes"}, {"start": "00:18:07", "end": "00:18:11", "text": "against you. You're out you're out. You"}, {"start": "00:18:09", "end": "00:18:13", "text": "know how to handle it. Uh or you can"}, {"start": "00:18:11", "end": "00:18:18", "text": "also ask boom many AI by just clicking"}, {"start": "00:18:13", "end": "00:18:22", "text": "this buttons. Fun token up just just in"}, {"start": "00:18:18", "end": "00:18:26", "text": "stuff on Tron up. Pyiverse up since"}, {"start": "00:18:22", "end": "00:18:27", "text": "seven months ago. Zama up. YZ how you"}, {"start": "00:18:26", "end": "00:18:27", "text": "say Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y"}, {"start": "00:18:27", "end": "00:18:27", "text": "Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y"}, {"start": "00:18:27", "end": "00:18:28", "text": "Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y"}, {"start": "00:18:27", "end": "00:18:28", "text": "Y Y Y Z Z Z Z Y Y Y Y Y Y Y Y Y Y Y Y Y"}, {"start": "00:18:28", "end": "00:18:28", "text": "Y Y Y Y Y Y Y W Y W Y W Y W Y W Y W Y W"}, {"start": "00:18:28", "end": "00:18:32", "text": "Y W Y W Y W Y W Y W Y W Y W Y W Y W Y W"}, {"start": "00:18:28", "end": "00:18:36", "text": "Y W Y W Y W Yu How you say? Wu up. Uh"}, {"start": "00:18:32", "end": "00:18:41", "text": "near protocol up. Hyperlquid up. Stacks"}, {"start": "00:18:36", "end": "00:18:43", "text": "up. Pan up. Quarki up. Yeah, a lot of"}, {"start": "00:18:41", "end": "00:18:45", "text": "great stuff. A lot of great stuff. And"}, {"start": "00:18:43", "end": "00:18:47", "text": "it's only the beginning for the altcoins"}, {"start": "00:18:45", "end": "00:18:48", "text": "as a whole because most old coins are"}, {"start": "00:18:47", "end": "00:18:50", "text": "still sleeping. They're just now"}, {"start": "00:18:48", "end": "00:18:53", "text": "entering some kind of bull phase. So"}, {"start": "00:18:50", "end": "00:18:54", "text": "guys, uh that's it pro for the uh big"}, {"start": "00:18:53", "end": "00:18:57", "text": "stuff. Let me just quickly go through"}, {"start": "00:18:54", "end": "00:18:59", "text": "the news so we haven't missed something."}, {"start": "00:18:57", "end": "00:19:00", "text": "So Michael Sailor is saying that we're"}, {"start": "00:18:59", "end": "00:19:03", "text": "in the beginning of the bull market."}, {"start": "00:19:00", "end": "00:19:05", "text": "Good. Ledger confirms stampered nano"}, {"start": "00:19:03", "end": "00:19:07", "text": "devices. Uh Ledger, I don't know what's"}, {"start": "00:19:05", "end": "00:19:09", "text": "what else happening to Ledger, guys. The"}, {"start": "00:19:07", "end": "00:19:12", "text": "news is developing so fast. Yesterday I"}, {"start": "00:19:09", "end": "00:19:16", "text": "saw more announcements like more stuff"}, {"start": "00:19:12", "end": "00:19:18", "text": "hacked in in Europe mammarked. If you"}, {"start": "00:19:16", "end": "00:19:20", "text": "buy from Saturn or media marked in in"}, {"start": "00:19:18", "end": "00:19:22", "text": "Europe, you have to be very careful. You"}, {"start": "00:19:20", "end": "00:19:25", "text": "have to be very careful. Um let's see"}, {"start": "00:19:22", "end": "00:19:27", "text": "what kind of update they have here."}, {"start": "00:19:25", "end": "00:19:30", "text": "Also, if you get email from from Ledger,"}, {"start": "00:19:27", "end": "00:19:32", "text": "be very careful also because they try to"}, {"start": "00:19:30", "end": "00:19:34", "text": "fo the scammers try to FOMO you into"}, {"start": "00:19:32", "end": "00:19:36", "text": "giving them your seed and they say,"}, {"start": "00:19:34", "end": "00:19:37", "text": "\"Hey, you have to give a seed fast"}, {"start": "00:19:36", "end": "00:19:39", "text": "otherwise you're going to get drained.\""}, {"start": "00:19:37", "end": "00:19:41", "text": "Of course, all the boomers, all the"}, {"start": "00:19:39", "end": "00:19:43", "text": "boomers aros are reading this and like,"}, {"start": "00:19:41", "end": "00:19:46", "text": "\"Holy let me give my seed to this"}, {"start": "00:19:43", "end": "00:19:48", "text": "email.\" So, email protects me against"}, {"start": "00:19:46", "end": "00:19:51", "text": "draining. Okay? And by the way, we love"}, {"start": "00:19:48", "end": "00:19:53", "text": "the Boomers. We've all been there. Uh"}, {"start": "00:19:51", "end": "00:19:55", "text": "when I was a kid, I did the same in"}, {"start": "00:19:53", "end": "00:19:57", "text": "Runescape. There was a guy that told me,"}, {"start": "00:19:55", "end": "00:19:59", "text": "\"Hey, I need your password for Runescape"}, {"start": "00:19:57", "end": "00:20:00", "text": "so I can protect your account. Your"}, {"start": "00:19:59", "end": "00:20:02", "text": "account is in danger.\" I said, \"Holy"}, {"start": "00:20:00", "end": "00:20:03", "text": " you you really going to protect"}, {"start": "00:20:02", "end": "00:20:06", "text": "me? Here's my password. Sir, please"}, {"start": "00:20:03", "end": "00:20:08", "text": "protect me.\" He stole my account. Now"}, {"start": "00:20:06", "end": "00:20:10", "text": "it's the same. But imagine your grandma."}, {"start": "00:20:08", "end": "00:20:12", "text": "She doesn't know too much about crypto."}, {"start": "00:20:10", "end": "00:20:14", "text": "She gets an urgent email from Ledger"}, {"start": "00:20:12", "end": "00:20:17", "text": "that tells her, \"Give us your seed now"}, {"start": "00:20:14", "end": "00:20:19", "text": "so we can protect your account.\" Now,"}, {"start": "00:20:17", "end": "00:20:21", "text": "she's going to give it. So inform"}, {"start": "00:20:19", "end": "00:20:24", "text": "everyone you know that has a Ledger and"}, {"start": "00:20:21", "end": "00:20:26", "text": "that gets this email because it's big is"}, {"start": "00:20:24", "end": "00:20:28", "text": "big now that there is this news about"}, {"start": "00:20:26", "end": "00:20:31", "text": "Ledger having issues. Scammers of course"}, {"start": "00:20:28", "end": "00:20:34", "text": "use it in order to form you into doing"}, {"start": "00:20:31", "end": "00:20:36", "text": "something dumb. So very important."}, {"start": "00:20:34", "end": "00:20:37", "text": "Ledger is asking resellers in Southeast"}, {"start": "00:20:36", "end": "00:20:40", "text": "Asia and Hong Kong to suspend sales of"}, {"start": "00:20:37", "end": "00:20:41", "text": "devices while the investigation is"}, {"start": "00:20:40", "end": "00:20:43", "text": "ongoing. This includes taking products"}, {"start": "00:20:41", "end": "00:20:45", "text": "off shelves specifically the countries"}, {"start": "00:20:43", "end": "00:20:48", "text": "are Indonesia, Singapore. Yeah to be"}, {"start": "00:20:45", "end": "00:20:51", "text": "clear. But it's crazy that you can buy"}, {"start": "00:20:48", "end": "00:20:52", "text": "ledger from a store. I don't like that."}, {"start": "00:20:51", "end": "00:20:54", "text": "I don't like that because you don't know"}, {"start": "00:20:52", "end": "00:20:57", "text": "where that ledger has been, which dude"}, {"start": "00:20:54", "end": "00:20:59", "text": "has been messing with it. Um, you don't"}, {"start": "00:20:57", "end": "00:21:00", "text": "even know if it's a real ledger. I mean,"}, {"start": "00:20:59", "end": "00:21:04", "text": "could for all I know it could be fake"}, {"start": "00:21:00", "end": "00:21:06", "text": "from China with a fake fake uh hardware."}, {"start": "00:21:04", "end": "00:21:08", "text": "So, it's crazy that people are buying"}, {"start": "00:21:06", "end": "00:21:11", "text": "them from uh from the store. I mean"}, {"start": "00:21:08", "end": "00:21:14", "text": "ideally guys um ideally you don't buy"}, {"start": "00:21:11", "end": "00:21:15", "text": "from store you buy from a website and"}, {"start": "00:21:14", "end": "00:21:17", "text": "you and you ensure that you don't write"}, {"start": "00:21:15", "end": "00:21:18", "text": "your real name or address you figure"}, {"start": "00:21:17", "end": "00:21:20", "text": "something out you have to be a bit smart"}, {"start": "00:21:18", "end": "00:21:22", "text": "here you have to use your brain how to"}, {"start": "00:21:20", "end": "00:21:24", "text": "do it okay uh don't use your real name"}, {"start": "00:21:22", "end": "00:21:26", "text": "and address but still that you can get"}, {"start": "00:21:24", "end": "00:21:28", "text": "get the thing from the from the official"}, {"start": "00:21:26", "end": "00:21:30", "text": "web now and by the way now don't buy"}, {"start": "00:21:28", "end": "00:21:32", "text": "ledger now okay don't buy ledger now but"}, {"start": "00:21:30", "end": "00:21:35", "text": "in general when you buy hardware wallet"}, {"start": "00:21:32", "end": "00:21:37", "text": "don't buy from store buy with fake name"}, {"start": "00:21:35", "end": "00:21:39", "text": "from the website so at least you know"}, {"start": "00:21:37", "end": "00:21:41", "text": "it's They send it. Now there's still a"}, {"start": "00:21:39", "end": "00:21:44", "text": "guy. See, I don't like any dude touching"}, {"start": "00:21:41", "end": "00:21:48", "text": "my device. Still some guy is there in"}, {"start": "00:21:44", "end": "00:21:50", "text": "the post office. So anyway, you have to"}, {"start": "00:21:48", "end": "00:21:52", "text": "there's going to be some dude that"}, {"start": "00:21:50", "end": "00:21:55", "text": "touches your ledger and maybe he inserts"}, {"start": "00:21:52", "end": "00:21:57", "text": "something there. Okay."}, {"start": "00:21:55", "end": "00:22:00", "text": "It's impossible to avoid fully. I guess"}, {"start": "00:21:57", "end": "00:22:02", "text": "if you go to freaking ledger factory, I"}, {"start": "00:22:00", "end": "00:22:05", "text": "mean that should be a thing. Why isn't"}, {"start": "00:22:02", "end": "00:22:08", "text": "it the thing that you go to their"}, {"start": "00:22:05", "end": "00:22:10", "text": "freaking factory and you get a freshly"}, {"start": "00:22:08", "end": "00:22:12", "text": "baked ledger, you can see how they do"}, {"start": "00:22:10", "end": "00:22:14", "text": "it."}, {"start": "00:22:12", "end": "00:22:16", "text": "You you get your croissant, you see how"}, {"start": "00:22:14", "end": "00:22:18", "text": "they do croissant. Wouldn't it be cool"}, {"start": "00:22:16", "end": "00:22:20", "text": "if you can go, you can see how they bake"}, {"start": "00:22:18", "end": "00:22:22", "text": "your freaking ledger"}, {"start": "00:22:20", "end": "00:22:25", "text": "and the CEO of Ledger says, \"I promise"}, {"start": "00:22:22", "end": "00:22:28", "text": "you it's okay.\" that I would be feel"}, {"start": "00:22:25", "end": "00:22:30", "text": "very very at ease"}, {"start": "00:22:28", "end": "00:22:32", "text": "if I see my ledger being done and the"}, {"start": "00:22:30", "end": "00:22:34", "text": "CEO is there like you know clicking"}, {"start": "00:22:32", "end": "00:22:37", "text": "clicking it all together he's like sir I"}, {"start": "00:22:34", "end": "00:22:39", "text": "promise you it's safe he's like thank"}, {"start": "00:22:37", "end": "00:22:43", "text": "you for your order that that that would"}, {"start": "00:22:39", "end": "00:22:45", "text": "be fantastic man that'd be fantastic"}, {"start": "00:22:43", "end": "00:22:48", "text": "that' be can someone do that can someone"}, {"start": "00:22:45", "end": "00:22:51", "text": "start a hardware wallet company like"}, {"start": "00:22:48", "end": "00:22:53", "text": "that uh that'd be amazing so to be clear"}, {"start": "00:22:51", "end": "00:22:55", "text": "they're saying as the investigation"}, {"start": "00:22:53", "end": "00:22:57", "text": "continues news the only confirmed"}, {"start": "00:22:55", "end": "00:23:00", "text": "incidents remain contained to southeast"}, {"start": "00:22:57", "end": "00:23:02", "text": "really really"}, {"start": "00:23:00", "end": "00:23:04", "text": "is it's not it's not contained it's"}, {"start": "00:23:02", "end": "00:23:06", "text": "because also there is uh Europe we're"}, {"start": "00:23:04", "end": "00:23:08", "text": "going to get to that we have not"}, {"start": "00:23:06", "end": "00:23:10", "text": "verified the drain link to device"}, {"start": "00:23:08", "end": "00:23:13", "text": "anywhere else"}, {"start": "00:23:10", "end": "00:23:15", "text": "and so how do you see who retweeted it I"}, {"start": "00:23:13", "end": "00:23:19", "text": "let's see is it like post interaction or"}, {"start": "00:23:15", "end": "00:23:21", "text": "where is it uh post activity here here"}, {"start": "00:23:19", "end": "00:23:23", "text": "uh because there was a guy basically"}, {"start": "00:23:21", "end": "00:23:25", "text": "debunking it here in the retweets"}, {"start": "00:23:23", "end": "00:23:27", "text": "somewhere where where he said that he"}, {"start": "00:23:25", "end": "00:23:29", "text": "actually bought it from he bought a"}, {"start": "00:23:27", "end": "00:23:31", "text": "device from Europe and uh it's all"}, {"start": "00:23:29", "end": "00:23:34", "text": "infected like it's all infected"}, {"start": "00:23:31", "end": "00:23:36", "text": "everywhere. Uh"}, {"start": "00:23:34", "end": "00:23:37", "text": "I don't know where it is. Uh but let me"}, {"start": "00:23:36", "end": "00:23:40", "text": "search like this. Let me search like"}, {"start": "00:23:37", "end": "00:23:44", "text": "this ledger"}, {"start": "00:23:40", "end": "00:23:45", "text": "media marked. You guys buy in media"}, {"start": "00:23:44", "end": "00:23:49", "text": "marked or what happened? Oh yeah, here"}, {"start": "00:23:45", "end": "00:23:52", "text": "here this guy. This guy Johannes where"}, {"start": "00:23:49", "end": "00:23:54", "text": "he is who don't knows Johannes ledger"}, {"start": "00:23:52", "end": "00:23:57", "text": "statement is misleading. I just visit"}, {"start": "00:23:54", "end": "00:23:59", "text": "yet another media marks location to"}, {"start": "00:23:57", "end": "00:24:01", "text": "verify whether they had already se"}, {"start": "00:23:59", "end": "00:24:03", "text": "selling ledger devices and as of October"}, {"start": "00:24:01", "end": "00:24:05", "text": "the store was still actively selling and"}, {"start": "00:24:03", "end": "00:24:06", "text": "displaying the inventory. Lol. When I"}, {"start": "00:24:05", "end": "00:24:08", "text": "spoke to a store employee he was"}, {"start": "00:24:06", "end": "00:24:10", "text": "completely unaware of any such policy"}, {"start": "00:24:08", "end": "00:24:13", "text": "change. He noted that the matter was not"}, {"start": "00:24:10", "end": "00:24:15", "text": "addressed. It was only after I bought"}, {"start": "00:24:13", "end": "00:24:16", "text": "brought this to their attention that the"}, {"start": "00:24:15", "end": "00:24:19", "text": "staff proceeded to remove the devices."}, {"start": "00:24:16", "end": "00:24:21", "text": "Okay. Oh yeah, here's another update"}, {"start": "00:24:19", "end": "00:24:23", "text": "from the Saturn. So as of 13 October 13,"}, {"start": "00:24:21", "end": "00:24:25", "text": "Medar Saturn has stopped with ledgers"}, {"start": "00:24:23", "end": "00:24:28", "text": "alignment uh the sale of ledge device."}, {"start": "00:24:25", "end": "00:24:30", "text": "Okay. So in Germany it's also a problem."}, {"start": "00:24:28", "end": "00:24:33", "text": "Okay. In the previous post they said"}, {"start": "00:24:30", "end": "00:24:34", "text": "just Southeast Asia. No no no Germany"}, {"start": "00:24:33", "end": "00:24:36", "text": "guys if you are in Germany you're"}, {"start": "00:24:34", "end": "00:24:39", "text": "wrecked in many ways. But here's another"}, {"start": "00:24:36", "end": "00:24:41", "text": "way you can get wrecked. We have no"}, {"start": "00:24:39", "end": "00:24:43", "text": "indication that ledger infrastructure"}, {"start": "00:24:41", "end": "00:24:46", "text": "systems or services were compromised."}, {"start": "00:24:43", "end": "00:24:49", "text": "Well, uh you don't know what the hell is"}, {"start": "00:24:46", "end": "00:24:52", "text": "happening to your devices until they get"}, {"start": "00:24:49", "end": "00:24:54", "text": "to the customer hand. And that's I would"}, {"start": "00:24:52", "end": "00:24:56", "text": "say is your infrastructure. It's supply"}, {"start": "00:24:54", "end": "00:25:00", "text": "chain. What happens to supply chain?"}, {"start": "00:24:56", "end": "00:25:02", "text": "Okay. What happens to supply chain who"}, {"start": "00:25:00", "end": "00:25:05", "text": "which dudes are attaching"}, {"start": "00:25:02", "end": "00:25:07", "text": "the device? Which dudes are poking in"}, {"start": "00:25:05", "end": "00:25:09", "text": "the device? Ledger should know all of"}, {"start": "00:25:07", "end": "00:25:11", "text": "that. They should actually I mean they"}, {"start": "00:25:09", "end": "00:25:13", "text": "should have full KYC of all of the all"}, {"start": "00:25:11", "end": "00:25:15", "text": "of them."}, {"start": "00:25:13", "end": "00:25:19", "text": "They should know exactly their birth"}, {"start": "00:25:15", "end": "00:25:22", "text": "date, birth city, the whole CV,"}, {"start": "00:25:19", "end": "00:25:25", "text": "curriculum, vitaya, they should know it."}, {"start": "00:25:22", "end": "00:25:26", "text": "Anyone who touches the ledger,"}, {"start": "00:25:25", "end": "00:25:28", "text": "I mean that's how I would do hardware"}, {"start": "00:25:26", "end": "00:25:30", "text": "wallet, man. No one touches the ledger"}, {"start": "00:25:28", "end": "00:25:32", "text": "before the customer. If we don't know"}, {"start": "00:25:30", "end": "00:25:33", "text": "who they are, we don't know everything"}, {"start": "00:25:32", "end": "00:25:35", "text": "about them, their family, where they"}, {"start": "00:25:33", "end": "00:25:37", "text": "are, where they work, we need to know"}, {"start": "00:25:35", "end": "00:25:39", "text": "everything. We need to know everything."}, {"start": "00:25:37", "end": "00:25:41", "text": "We would be I mean we would be doing"}, {"start": "00:25:39", "end": "00:25:44", "text": "uhazzi"}, {"start": "00:25:41", "end": "00:25:47", "text": "level uh research on everyone who"}, {"start": "00:25:44", "end": "00:25:49", "text": "touches the ledger or the hardware"}, {"start": "00:25:47", "end": "00:25:50", "text": "device. But no in this case I mean this"}, {"start": "00:25:49", "end": "00:25:53", "text": "these guys have no clue. These guys have"}, {"start": "00:25:50", "end": "00:25:56", "text": "no clue who is touching where is what's"}, {"start": "00:25:53", "end": "00:25:58", "text": "happening guys. What's happening?"}, {"start": "00:25:56", "end": "00:26:00", "text": "What's happening? So yeah if you guys"}, {"start": "00:25:58", "end": "00:26:03", "text": "have a ledger be careful. Figure"}, {"start": "00:26:00", "end": "00:26:04", "text": "something out. Uh treasure treasure is"}, {"start": "00:26:03", "end": "00:26:08", "text": "flying under the radar. No issues with"}, {"start": "00:26:04", "end": "00:26:12", "text": "trouser this far at least."}, {"start": "00:26:08", "end": "00:26:14", "text": "So yeah, that's that. And oh yeah, crazy"}, {"start": "00:26:12", "end": "00:26:15", "text": "stuff, guys. What can I say? Self"}, {"start": "00:26:14", "end": "00:26:20", "text": "custody"}, {"start": "00:26:15", "end": "00:26:22", "text": "uh took a hit this year. Um we had this"}, {"start": "00:26:20", "end": "00:26:25", "text": "offshore changes. FTX basically removed"}, {"start": "00:26:22", "end": "00:26:27", "text": "them as a viable option for big money."}, {"start": "00:26:25", "end": "00:26:28", "text": "Then everyone moved to Southcast. Now"}, {"start": "00:26:27", "end": "00:26:31", "text": "Southcast is getting wrecked left and"}, {"start": "00:26:28", "end": "00:26:34", "text": "right. Very questionable. Uh the only"}, {"start": "00:26:31", "end": "00:26:36", "text": "thing that's left is basically the ETF."}, {"start": "00:26:34", "end": "00:26:38", "text": "Only the ETF can get wrecked that hasn't"}, {"start": "00:26:36", "end": "00:26:41", "text": "get wrecked that is still maybe about to"}, {"start": "00:26:38", "end": "00:26:43", "text": "get wrecked. Let's see. So, um France,"}, {"start": "00:26:41", "end": "00:26:45", "text": "if you are in France, guys, uh they're"}, {"start": "00:26:43", "end": "00:26:50", "text": "coming for you. They're coming for you."}, {"start": "00:26:45", "end": "00:26:51", "text": "They will want you to declare your your"}, {"start": "00:26:50", "end": "00:26:53", "text": "hardware wallet if you have more than"}, {"start": "00:26:51", "end": "00:26:55", "text": "100k in it. And if you have more than"}, {"start": "00:26:53", "end": "00:26:58", "text": "100k in your hardware wallet, you should"}, {"start": "00:26:55", "end": "00:27:01", "text": "also go to bullme.com and apply to our"}, {"start": "00:26:58", "end": "00:27:04", "text": "inner circle where you get my trading"}, {"start": "00:27:01", "end": "00:27:06", "text": "secrets. It's a full course. We do"}, {"start": "00:27:04", "end": "00:27:08", "text": "weekly Q&A."}, {"start": "00:27:06", "end": "00:27:09", "text": "You get coaching sessions. You get you"}, {"start": "00:27:08", "end": "00:27:11", "text": "get you get a bunch of stuff. You get a"}, {"start": "00:27:09", "end": "00:27:13", "text": "bunch of stuff. Uh obviously all the"}, {"start": "00:27:11", "end": "00:27:15", "text": "software, all the tools. And in Q1,"}, {"start": "00:27:13", "end": "00:27:17", "text": "we're planning a fantastic event only"}, {"start": "00:27:15", "end": "00:27:20", "text": "for our community. Although you need"}, {"start": "00:27:17", "end": "00:27:22", "text": "100K plus to join the the Bulman inner"}, {"start": "00:27:20", "end": "00:27:23", "text": "circle. It's very important. Very"}, {"start": "00:27:22", "end": "00:27:26", "text": "important. So click apply. Click right"}, {"start": "00:27:23", "end": "00:27:28", "text": "here. If you're not in Bulmania yet, uh"}, {"start": "00:27:26", "end": "00:27:30", "text": "but also if you're in France, you have"}, {"start": "00:27:28", "end": "00:27:33", "text": "another problem and that's that uh they"}, {"start": "00:27:30", "end": "00:27:35", "text": "will force you to declare your hardware"}, {"start": "00:27:33", "end": "00:27:38", "text": "wallet with 100K plus like the actual"}, {"start": "00:27:35", "end": "00:27:40", "text": "wallet. What's going to happen? Uh you"}, {"start": "00:27:38", "end": "00:27:42", "text": "know, in government, many people work in"}, {"start": "00:27:40", "end": "00:27:43", "text": "government. Many people work in"}, {"start": "00:27:42", "end": "00:27:45", "text": "government. I mean, I don't know how it"}, {"start": "00:27:43", "end": "00:27:47", "text": "is in France, but in Sweden sometimes"}, {"start": "00:27:45", "end": "00:27:50", "text": "you see, man, who who are these people?"}, {"start": "00:27:47", "end": "00:27:53", "text": "like max max criminality sometimes max"}, {"start": "00:27:50", "end": "00:27:54", "text": "criminality max uh you know speaking"}, {"start": "00:27:53", "end": "00:27:57", "text": "about background checks there's there's"}, {"start": "00:27:54", "end": "00:27:58", "text": "zero there's zero like you know the"}, {"start": "00:27:57", "end": "00:28:00", "text": "dudes that are going to be reading your"}, {"start": "00:27:58", "end": "00:28:02", "text": "tax report with all of your ledger stuff"}, {"start": "00:28:00", "end": "00:28:04", "text": "with all of your hard hardware wallet"}, {"start": "00:28:02", "end": "00:28:07", "text": "stuff"}, {"start": "00:28:04", "end": "00:28:09", "text": "man you you don't know who it is you you"}, {"start": "00:28:07", "end": "00:28:10", "text": "or more correctly you cannot even"}, {"start": "00:28:09", "end": "00:28:14", "text": "imagine"}, {"start": "00:28:10", "end": "00:28:16", "text": "who could be reading"}, {"start": "00:28:14", "end": "00:28:19", "text": "your your tax return you cannot even"}, {"start": "00:28:16", "end": "00:28:21", "text": "compreh a hand like in your world"}, {"start": "00:28:19", "end": "00:28:25", "text": "understanding of the world, you don't"}, {"start": "00:28:21", "end": "00:28:27", "text": "even understand what kind of people"}, {"start": "00:28:25", "end": "00:28:29", "text": "could get their hands on your tax return"}, {"start": "00:28:27", "end": "00:28:31", "text": "with all of your stuff. That's a big"}, {"start": "00:28:29", "end": "00:28:34", "text": "problem, by the way, in general with all"}, {"start": "00:28:31", "end": "00:28:36", "text": "of the high tax jurisdictions that you"}, {"start": "00:28:34", "end": "00:28:38", "text": "give up so much information and then you"}, {"start": "00:28:36", "end": "00:28:39", "text": "need to trust that they keep it private."}, {"start": "00:28:38", "end": "00:28:42", "text": "You think they're going to keep it"}, {"start": "00:28:39", "end": "00:28:43", "text": "private, man? Yeah. Yeah. Because there"}, {"start": "00:28:42", "end": "00:28:45", "text": "have been rumors that all of these"}, {"start": "00:28:43", "end": "00:28:47", "text": "wrench attacks in France, they happen"}, {"start": "00:28:45", "end": "00:28:52", "text": "because there are leaks from the tax"}, {"start": "00:28:47", "end": "00:28:55", "text": "department. Okay. You know this um this"}, {"start": "00:28:52", "end": "00:28:57", "text": "modern Europe, how you speak? It's like"}, {"start": "00:28:55", "end": "00:28:59", "text": "the issues are not only in the ghetto"}, {"start": "00:28:57", "end": "00:29:02", "text": "like you know it's it's infiltrating"}, {"start": "00:28:59", "end": "00:29:04", "text": "everywhere. So anyway, if you know, you"}, {"start": "00:29:02", "end": "00:29:06", "text": "know. If you are in France, use your"}, {"start": "00:29:04", "end": "00:29:07", "text": "brain. Figure something out. Uh you have"}, {"start": "00:29:06", "end": "00:29:10", "text": "to figure something out. Ideally, you"}, {"start": "00:29:07", "end": "00:29:12", "text": "have to figure something out. Okay guys,"}, {"start": "00:29:10", "end": "00:29:14", "text": "let's go to Q&A questions, answers,"}, {"start": "00:29:12", "end": "00:29:16", "text": "debates, discussions."}, {"start": "00:29:14", "end": "00:29:18", "text": "There is going to be Let me just quickly"}, {"start": "00:29:16", "end": "00:29:20", "text": "check when we have the um the FOMC"}, {"start": "00:29:18", "end": "00:29:24", "text": "stuff. It's it's like today, right?"}, {"start": "00:29:20", "end": "00:29:28", "text": "Let's actually check when is next"}, {"start": "00:29:24", "end": "00:29:31", "text": "next FOMC etc. Let's check when the next"}, {"start": "00:29:28", "end": "00:29:34", "text": "FOMC because it should be things should"}, {"start": "00:29:31", "end": "00:29:38", "text": "be on the micro level today also."}, {"start": "00:29:34", "end": "00:29:38", "text": "Let's check it out."}, {"start": "00:29:39", "end": "00:29:42", "text": "By the way, we don't have Guzman here,"}, {"start": "00:29:40", "end": "00:29:43", "text": "but if you're a Netherlands, you have a"}, {"start": "00:29:42", "end": "00:29:44", "text": "similar situation. Like everything I"}, {"start": "00:29:43", "end": "00:29:46", "text": "said about France also applies to"}, {"start": "00:29:44", "end": "00:29:49", "text": "Netherlands, but you have even worse"}, {"start": "00:29:46", "end": "00:29:51", "text": "because uh box three, you know box"}, {"start": "00:29:49", "end": "00:29:54", "text": "three, you love box three. Let me know"}, {"start": "00:29:51", "end": "00:29:56", "text": "if you love box three. Confirm in the"}, {"start": "00:29:54", "end": "00:29:59", "text": "comment section. You I you love box"}, {"start": "00:29:56", "end": "00:30:02", "text": "three."}, {"start": "00:29:59", "end": "00:30:04", "text": "Box three coming bigly for you. Bigly"}, {"start": "00:30:02", "end": "00:30:07", "text": "bigly bigly bigly bigly bigly big."}, {"start": "00:30:04", "end": "00:30:10", "text": "Unrealized gains is coming big time. Big"}, {"start": "00:30:07", "end": "00:30:12", "text": "time. Oh. Uh, next OPMC is 27. But what"}, {"start": "00:30:10", "end": "00:30:18", "text": "was it? This. Oh, yeah. Here. Today is"}, {"start": "00:30:12", "end": "00:30:21", "text": "what? It's um CPI. CPI. Today CPI. CPI."}, {"start": "00:30:18", "end": "00:30:24", "text": "Uh, it is today."}, {"start": "00:30:21", "end": "00:30:25", "text": "Tomorrow. Tomorrow."}, {"start": "00:30:24", "end": "00:30:29", "text": "PPI."}, {"start": "00:30:25", "end": "00:30:31", "text": "Today CPI. We're gonna keep an eye"}, {"start": "00:30:29", "end": "00:30:33", "text": "tomorrow. PPI."}, {"start": "00:30:31", "end": "00:30:35", "text": "And then FOMC is on the end of the"}, {"start": "00:30:33", "end": "00:30:37", "text": "month."}, {"start": "00:30:35", "end": "00:30:38", "text": "Is it that late in the Did they move it"}, {"start": "00:30:37", "end": "00:30:41", "text": "or something? I remember it being not"}, {"start": "00:30:38", "end": "00:30:44", "text": "like last days of the month. Wasn't it"}, {"start": "00:30:41", "end": "00:30:45", "text": "in the maybe I don't remember correctly."}, {"start": "00:30:44", "end": "00:30:48", "text": "But anyway, now it's like in the end of"}, {"start": "00:30:45", "end": "00:30:53", "text": "the month. Okay."}, {"start": "00:30:48", "end": "00:30:55", "text": "Next FOMC is 27 28. Yeah. Next FOMC is"}, {"start": "00:30:53", "end": "00:30:58", "text": "27. Yeah, we knew that. September CPI is"}, {"start": "00:30:55", "end": "00:30:59", "text": "the last sprint before the October FMC"}, {"start": "00:30:58", "end": "00:31:01", "text": "headline is expected to jump on energy"}, {"start": "00:30:59", "end": "00:31:04", "text": "course expected to cool. Yeah, let's see"}, {"start": "00:31:01", "end": "00:31:06", "text": "what they do. Calious odds for next FMC."}, {"start": "00:31:04", "end": "00:31:08", "text": "Anyway guys, let's see what's going to"}, {"start": "00:31:06", "end": "00:31:10", "text": "happen. Um, if the market moves, it"}, {"start": "00:31:08", "end": "00:31:14", "text": "moves. But if if there is some bearish"}, {"start": "00:31:10", "end": "00:31:17", "text": "FM CPI or PPI and the market is still"}, {"start": "00:31:14", "end": "00:31:17", "text": "bullshy,"}, {"start": "00:31:18", "end": "00:31:23", "text": "we just ignore it. We just ignore it. We"}, {"start": "00:31:20", "end": "00:31:28", "text": "take it easy. We relax. We take a cup of"}, {"start": "00:31:23", "end": "00:31:34", "text": "coffee and we remove the worry from our"}, {"start": "00:31:28", "end": "00:31:36", "text": "lives. Very nice, guys. Let's go to Q&A."}, {"start": "00:31:34", "end": "00:31:38", "text": "So weird without Guzman and Matt. Not"}, {"start": "00:31:36", "end": "00:31:40", "text": "Matt. You see we started a bit later"}, {"start": "00:31:38", "end": "00:31:42", "text": "today. I think they are working or"}, {"start": "00:31:40", "end": "00:31:45", "text": "something. Where is Matt? Where is"}, {"start": "00:31:42", "end": "00:31:47", "text": "Guzman? Where is Dab?"}, {"start": "00:31:45", "end": "00:31:49", "text": "This is the problem. I want to do a bit"}, {"start": "00:31:47", "end": "00:31:50", "text": "later so our American audience could"}, {"start": "00:31:49", "end": "00:31:52", "text": "wake up. You guys are awake or what's"}, {"start": "00:31:50", "end": "00:31:54", "text": "happening? Actually, I did a bit later"}, {"start": "00:31:52", "end": "00:31:58", "text": "because I I I could not make it in time."}, {"start": "00:31:54", "end": "00:31:58", "text": "I mean if you want truthfully"}, {"start": "00:31:58", "end": "00:32:05", "text": "that that was the reason that was the"}, {"start": "00:32:01", "end": "00:32:07", "text": "reason that was the reason but the the"}, {"start": "00:32:05", "end": "00:32:10", "text": "official reason is that we want our"}, {"start": "00:32:07", "end": "00:32:13", "text": "American delegation the viewers to be"}, {"start": "00:32:10", "end": "00:32:16", "text": "able to watch us. Exactly."}, {"start": "00:32:13", "end": "00:32:18", "text": "Uh"}, {"start": "00:32:16", "end": "00:32:25", "text": "do you think"}, {"start": "00:32:18", "end": "00:32:25", "text": "RS RSC what the hell? One second."}, {"start": "00:32:28", "end": "00:32:32", "text": "No comment. No comment. No comment. It's"}, {"start": "00:32:30", "end": "00:32:36", "text": "no comment. I don't know. It's some"}, {"start": "00:32:32", "end": "00:32:36", "text": "weird thing. No comment. No comment."}, {"start": "00:32:40", "end": "00:32:44", "text": "3:30 in Los Angeles. Why are you"}, {"start": "00:32:42", "end": "00:32:46", "text": "watching? You have insomnia. You know,"}, {"start": "00:32:44", "end": "00:32:47", "text": "watching. Sorry. Sleeping is very"}, {"start": "00:32:46", "end": "00:32:49", "text": "important, guys. Sleeping is very"}, {"start": "00:32:47", "end": "00:32:51", "text": "important. Hi from North Carolina. Early"}, {"start": "00:32:49", "end": "00:32:53", "text": "early to rise. Early to bed. Early to"}, {"start": "00:32:51", "end": "00:32:56", "text": "rise"}, {"start": "00:32:53", "end": "00:33:00", "text": "keeps you healthy and wise. That's very"}, {"start": "00:32:56", "end": "00:33:00", "text": "good. Good morning. Good morning."}, {"start": "00:33:05", "end": "00:33:09", "text": "I check stretch. Yeah, let's check."}, {"start": "00:33:07", "end": "00:33:11", "text": "Stretch should be able to reach 100"}, {"start": "00:33:09", "end": "00:33:14", "text": "soon, guys, because it's bull market and"}, {"start": "00:33:11", "end": "00:33:15", "text": "in bull market everything is bullish."}, {"start": "00:33:14", "end": "00:33:17", "text": "Microsoft, I mean, we're bullish on"}, {"start": "00:33:15", "end": "00:33:19", "text": "everything in bull market. So, Stretch,"}, {"start": "00:33:17", "end": "00:33:22", "text": "it doesn't surprise me that it's back."}, {"start": "00:33:19", "end": "00:33:23", "text": "And when is back sailor can raise money"}, {"start": "00:33:22", "end": "00:33:26", "text": "and he can buy more business. It's"}, {"start": "00:33:23", "end": "00:33:27", "text": "another catalyst. That's why uh you see"}, {"start": "00:33:26", "end": "00:33:29", "text": "here"}, {"start": "00:33:27", "end": "00:33:31", "text": "it's another catalyst. That's why we are"}, {"start": "00:33:29", "end": "00:33:33", "text": "very bullish now. Like despite what the"}, {"start": "00:33:31", "end": "00:33:34", "text": "bears whatever bears are saying we're"}, {"start": "00:33:33", "end": "00:33:38", "text": "very bullish because as soon as this"}, {"start": "00:33:34", "end": "00:33:41", "text": "thing goes above 100 again yen"}, {"start": "00:33:38", "end": "00:33:43", "text": "sailor will be able to raise money and"}, {"start": "00:33:41", "end": "00:33:46", "text": "buy bitcoin. Last time he was able to do"}, {"start": "00:33:43", "end": "00:33:49", "text": "that was here in May. You you remember"}, {"start": "00:33:46", "end": "00:33:51", "text": "the May peak uh in Bitcoin"}, {"start": "00:33:49", "end": "00:33:53", "text": "at 82 or something."}, {"start": "00:33:51", "end": "00:33:55", "text": "It was because Sailor was able to raise"}, {"start": "00:33:53", "end": "00:33:57", "text": "a lot of money here. You see when it"}, {"start": "00:33:55", "end": "00:33:58", "text": "went to 100, he sold, he sold, he sold,"}, {"start": "00:33:57", "end": "00:33:59", "text": "raise money, raise money, raise money,"}, {"start": "00:33:58", "end": "00:34:02", "text": "raise money, raise money, then bam,"}, {"start": "00:33:59", "end": "00:34:05", "text": "straight into Bitcoin. Since then, he"}, {"start": "00:34:02", "end": "00:34:07", "text": "was not been able to uh sell stretch and"}, {"start": "00:34:05", "end": "00:34:11", "text": "now we're climbing back here and he will"}, {"start": "00:34:07", "end": "00:34:14", "text": "be able to do it again. So that's why we"}, {"start": "00:34:11", "end": "00:34:16", "text": "will have likely with highest likely"}, {"start": "00:34:14", "end": "00:34:18", "text": "this with all disclaimers that you can"}, {"start": "00:34:16", "end": "00:34:21", "text": "lose all your money likely we're going"}, {"start": "00:34:18", "end": "00:34:23", "text": "to have amazing Q4 amazing October,"}, {"start": "00:34:21", "end": "00:34:25", "text": "November, December. It's already Q4"}, {"start": "00:34:23", "end": "00:34:28", "text": "month."}, {"start": "00:34:25", "end": "00:34:31", "text": "When is when is uh this Thanksgiving"}, {"start": "00:34:28", "end": "00:34:34", "text": "stuff? Next month. Anyway,"}, {"start": "00:34:31", "end": "00:34:36", "text": "we're thankful already. We're thankful"}, {"start": "00:34:34", "end": "00:34:37", "text": "for a great community. Let let's be"}, {"start": "00:34:36", "end": "00:34:38", "text": "thankful guys for a second. Isn't it"}, {"start": "00:34:37", "end": "00:34:43", "text": "crazy that every day we can be here"}, {"start": "00:34:38", "end": "00:34:46", "text": "speak about crypto and uh uh and we can"}, {"start": "00:34:43", "end": "00:34:49", "text": "uh yeah we can we can hang around here."}, {"start": "00:34:46", "end": "00:34:50", "text": "Amazing. Thank you. Thank you guys."}, {"start": "00:34:49", "end": "00:34:52", "text": "Thank you."}, {"start": "00:34:50", "end": "00:34:55", "text": "And thank to myself. I mean also I'm"}, {"start": "00:34:52", "end": "00:34:57", "text": "here creating it every day. So thank to"}, {"start": "00:34:55", "end": "00:34:59", "text": "you. Thanks to myself. You gota thank"}, {"start": "00:34:57", "end": "00:35:01", "text": "yourself guys also a lot. You know if"}, {"start": "00:34:59", "end": "00:35:03", "text": "you don't thank yourself who gonna thank"}, {"start": "00:35:01", "end": "00:35:07", "text": "you know. Got to thank yourself. Got to"}, {"start": "00:35:03", "end": "00:35:08", "text": "thank the community. Fantastic. Ian,"}, {"start": "00:35:07", "end": "00:35:11", "text": "today's CPI, what's your take on that?"}, {"start": "00:35:08", "end": "00:35:13", "text": "Uh, I I just told you, don't worry about"}, {"start": "00:35:11", "end": "00:35:15", "text": "the CPI. Just look at what the chart"}, {"start": "00:35:13", "end": "00:35:16", "text": "does? You know, people love discussing,"}, {"start": "00:35:15", "end": "00:35:19", "text": "oh, I think it's going to be this and"}, {"start": "00:35:16", "end": "00:35:21", "text": "that because of oil and because of Iran."}, {"start": "00:35:19", "end": "00:35:25", "text": "No one knows, man. No one knows. No one"}, {"start": "00:35:21", "end": "00:35:26", "text": "knows. I I when I was wrecked, I was"}, {"start": "00:35:25", "end": "00:35:28", "text": "trying to, you know, trade it. I was"}, {"start": "00:35:26", "end": "00:35:30", "text": "like, \"Oh, let me put in a trade right"}, {"start": "00:35:28", "end": "00:35:32", "text": "after CPI. Oh, you know, let me today"}, {"start": "00:35:30", "end": "00:35:37", "text": "CPI, so let me trade around it.\" If you"}, {"start": "00:35:32", "end": "00:35:40", "text": "if you think like that, man, Very"}, {"start": "00:35:37", "end": "00:35:43", "text": "bad. Very bad. Very bad. If if you think"}, {"start": "00:35:40", "end": "00:35:45", "text": "about like trying to trade CPI"}, {"start": "00:35:43", "end": "00:35:47", "text": "announcement or FOMC stuff, do don't do"}, {"start": "00:35:45", "end": "00:35:49", "text": "it. Don't do it. When I was a wreck"}, {"start": "00:35:47", "end": "00:35:52", "text": "pleb,"}, {"start": "00:35:49", "end": "00:35:55", "text": "I was at a big loss. I hope that market"}, {"start": "00:35:52", "end": "00:35:56", "text": "would uh move bigly after CPI. I was"}, {"start": "00:35:55", "end": "00:35:58", "text": "like, \"Oh, when is Oh, CPI is next week."}, {"start": "00:35:56", "end": "00:35:59", "text": "Maybe maybe it's going to make me"}, {"start": "00:35:58", "end": "00:36:01", "text": "unwrecked. Maybe it's going to make me"}, {"start": "00:35:59", "end": "00:36:04", "text": "unwrecked. Maybe maybe.\""}, {"start": "00:36:01", "end": "00:36:08", "text": "Ah, nothing happened. Okay."}, {"start": "00:36:04", "end": "00:36:10", "text": "CPI was good. Still nothing happened."}, {"start": "00:36:08", "end": "00:36:12", "text": "I was like, \"Okay, when is next?\" Okay."}, {"start": "00:36:10", "end": "00:36:13", "text": "In two weeks, it's a PPI or it's FOMC in"}, {"start": "00:36:12", "end": "00:36:16", "text": "two weeks. Okay. Okay. Okay. Let's go."}, {"start": "00:36:13", "end": "00:36:19", "text": "Let's go. Let's go. Okay. Guys, guys,"}, {"start": "00:36:16", "end": "00:36:22", "text": "guys, guys. And especially if you have a"}, {"start": "00:36:19", "end": "00:36:24", "text": "lot of money and you think like that,"}, {"start": "00:36:22", "end": "00:36:26", "text": "uh, you need Bulmania inner Bulman inner"}, {"start": "00:36:24", "end": "00:36:30", "text": "circle. So, go to bulmania.com, apply to"}, {"start": "00:36:26", "end": "00:36:32", "text": "join us because yeah, I and when I was"}, {"start": "00:36:30", "end": "00:36:34", "text": "thinking like that, I myself had a lot"}, {"start": "00:36:32", "end": "00:36:36", "text": "of money already."}, {"start": "00:36:34", "end": "00:36:40", "text": "I had a lot of money already, but still"}, {"start": "00:36:36", "end": "00:36:42", "text": "because I did not understand the market."}, {"start": "00:36:40", "end": "00:36:44", "text": "I was yeah in a in a situation where"}, {"start": "00:36:42", "end": "00:36:47", "text": "it's uh horrible. You are in a mental"}, {"start": "00:36:44", "end": "00:36:49", "text": "prison. Mental prison. So if you have"}, {"start": "00:36:47", "end": "00:36:51", "text": "more than 100k 100k or more, go to"}, {"start": "00:36:49", "end": "00:36:53", "text": "booming.com. If you have less, just join"}, {"start": "00:36:51", "end": "00:36:55", "text": "the newsletter. Join the newsletter."}, {"start": "00:36:53", "end": "00:36:57", "text": "It's free. Boop. Answer email. Boop boop"}, {"start": "00:36:55", "end": "00:36:59", "text": "boop. Fully free."}, {"start": "00:36:57", "end": "00:37:02", "text": "Um"}, {"start": "00:36:59", "end": "00:37:04", "text": "so yeah uh guys. So CPI basically don't"}, {"start": "00:37:02", "end": "00:37:06", "text": "worry about it. We worry in case the"}, {"start": "00:37:04", "end": "00:37:08", "text": "price reacts to it. In case the price"}, {"start": "00:37:06", "end": "00:37:10", "text": "reacts, we will be able to adapt. Don't"}, {"start": "00:37:08", "end": "00:37:12", "text": "try to guess how the price will react"}, {"start": "00:37:10", "end": "00:37:14", "text": "because no one knows. No one can tell"}, {"start": "00:37:12", "end": "00:37:16", "text": "you. No one can tell you. They can just"}, {"start": "00:37:14", "end": "00:37:18", "text": " They can just say, \"Oh, I"}, {"start": "00:37:16", "end": "00:37:21", "text": "think it's going to be bad CPI because"}, {"start": "00:37:18", "end": "00:37:23", "text": "Iran, because of oil, but no one knows."}, {"start": "00:37:21", "end": "00:37:25", "text": "Sometimes"}, {"start": "00:37:23", "end": "00:37:27", "text": "everything is bearish and it's still"}, {"start": "00:37:25", "end": "00:37:30", "text": "good CPI.\" No one knows. It's rand"}, {"start": "00:37:27", "end": "00:37:31", "text": "random. You can still I mean if you want"}, {"start": "00:37:30", "end": "00:37:32", "text": "you can still speculate but just"}, {"start": "00:37:31", "end": "00:37:34", "text": "understand it's more gambling. It's not"}, {"start": "00:37:32", "end": "00:37:36", "text": "it's not real strategy that you try to"}, {"start": "00:37:34", "end": "00:37:38", "text": "predict what LCPI is going to be. You"}, {"start": "00:37:36", "end": "00:37:40", "text": "just and sometimes they change what CPI"}, {"start": "00:37:38", "end": "00:37:42", "text": "is. Sometimes they say hey this time we"}, {"start": "00:37:40", "end": "00:37:46", "text": "measure it differently. So yeah whatever"}, {"start": "00:37:42", "end": "00:37:49", "text": "analysis you did which was Fugazi anyway"}, {"start": "00:37:46", "end": "00:37:51", "text": "now it's even more Fazi. So we react"}, {"start": "00:37:49", "end": "00:37:53", "text": "based on price moves to be able to"}, {"start": "00:37:51", "end": "00:37:55", "text": "position ourselves for the next big"}, {"start": "00:37:53", "end": "00:37:58", "text": "trend. Okay, that that that that's with"}, {"start": "00:37:55", "end": "00:37:58", "text": "the CPI"}, {"start": "00:37:58", "end": "00:38:02", "text": "will CPI affect majorly."}, {"start": "00:38:01", "end": "00:38:05", "text": "Don't worry about I just told you don't"}, {"start": "00:38:02", "end": "00:38:10", "text": "worry about CPI. We worry about CPI only"}, {"start": "00:38:05", "end": "00:38:13", "text": "in case the price moves and u for"}, {"start": "00:38:10", "end": "00:38:16", "text": "example let's say there is CPI let me"}, {"start": "00:38:13", "end": "00:38:20", "text": "give you practical example"}, {"start": "00:38:16", "end": "00:38:22", "text": "CPI happens and stock market goes bare"}, {"start": "00:38:20", "end": "00:38:27", "text": "trend okay okay"}, {"start": "00:38:22", "end": "00:38:27", "text": "then then I would say man the CPI"}, {"start": "00:38:27", "end": "00:38:35", "text": "it's serious"}, {"start": "00:38:29", "end": "00:38:37", "text": "if CPI happens and S&P just boop. Okay."}, {"start": "00:38:35", "end": "00:38:38", "text": "Okay. Okay. Okay."}, {"start": "00:38:37", "end": "00:38:40", "text": "Should we go bare trend? Yes, we're"}, {"start": "00:38:38", "end": "00:38:42", "text": "going to be risk off because then the"}, {"start": "00:38:40", "end": "00:38:44", "text": "just you know higher risk as we go here"}, {"start": "00:38:42", "end": "00:38:46", "text": "to the 200 week moving average which"}, {"start": "00:38:44", "end": "00:38:48", "text": "stock market eventually touches. I mean"}, {"start": "00:38:46", "end": "00:38:49", "text": "here it touched it. Here it touched it."}, {"start": "00:38:48", "end": "00:38:52", "text": "At some point we're going to touch it"}, {"start": "00:38:49", "end": "00:38:54", "text": "again. I don't know when but uh if we go"}, {"start": "00:38:52", "end": "00:38:56", "text": "bare trend that would be the first"}, {"start": "00:38:54", "end": "00:38:59", "text": "warning signal."}, {"start": "00:38:56", "end": "00:39:00", "text": "Okay. So"}, {"start": "00:38:59", "end": "00:39:02", "text": "that that's one example. That's one"}, {"start": "00:39:00", "end": "00:39:04", "text": "example."}, {"start": "00:39:02", "end": "00:39:06", "text": "Okay guys, let's uh cut it here. I have"}, {"start": "00:39:04", "end": "00:39:07", "text": "to go. Smash with the like, subscribe."}, {"start": "00:39:06", "end": "00:39:11", "text": "We're at 40 minutes, so it's good"}, {"start": "00:39:07", "end": "00:39:14", "text": "length. Good length. More of uh uh tra"}, {"start": "00:39:11", "end": "00:39:16", "text": "trading secrets, more of um weekly"}, {"start": "00:39:14", "end": "00:39:18", "text": "private streams, more of weekly TA from"}, {"start": "00:39:16", "end": "00:39:20", "text": "me and reports and model portfolios is"}, {"start": "00:39:18", "end": "00:39:21", "text": "in Bulme inner circle. You need 100K or"}, {"start": "00:39:20", "end": "00:39:23", "text": "more. Otherwise, if you want, if you"}, {"start": "00:39:21", "end": "00:39:25", "text": "don't have 100K, it's fine. We love you."}, {"start": "00:39:23", "end": "00:39:26", "text": "It's fantastic. Join the free"}, {"start": "00:39:25", "end": "00:39:28", "text": "newsletter. I'm going to be in your"}, {"start": "00:39:26", "end": "00:39:31", "text": "pocket anyway. We're going to be working"}, {"start": "00:39:28", "end": "00:39:33", "text": "on growing you from your pocket. Okay."}, {"start": "00:39:31", "end": "00:39:35", "text": "Thank you very much guys. Smash up the"}, {"start": "00:39:33", "end": "00:39:39", "text": "like. Ensure you've smashed it up."}, {"start": "00:39:35", "end": "00:39:41", "text": "Smashed it up. 420 Bitcoin. I see your"}, {"start": "00:39:39", "end": "00:39:42", "text": "badge number two. Fantastic. Shilbo"}, {"start": "00:39:41", "end": "00:39:45", "text": "bagings number three. Who is number one?"}, {"start": "00:39:42", "end": "00:39:47", "text": "Who is number one? Who is number one?"}, {"start": "00:39:45", "end": "00:39:50", "text": "Shilbo baggings was number one. Who is"}, {"start": "00:39:47", "end": "00:39:53", "text": "now number one. Fantastic guys."}, {"start": "00:39:50", "end": "00:39:54", "text": "Fantastic. I see this crown crowns. Who"}, {"start": "00:39:53", "end": "00:39:56", "text": "is number one? I don't see. Anyway, big"}, {"start": "00:39:54", "end": "00:39:58", "text": "shout whoever number one is number two."}, {"start": "00:39:56", "end": "00:40:01", "text": "Number three. See you all tomorrow."}, {"start": "00:39:58", "end": "00:40:03", "text": "Enjoy your Wednesday and go bag."}, {"start": "00:40:01", "end": "00:40:03", "text": "Goodbye."}]

[{"start": "00:00:03", "end": "00:00:07", "text": "Oh yes. Oh yes. Oh yes. Oh yes. Guys,"}, {"start": "00:00:04", "end": "00:00:10", "text": "welcome to another episode. And as right"}, {"start": "00:00:07", "end": "00:00:12", "text": "now, Bitcoin is bouncing off of this"}, {"start": "00:00:10", "end": "00:00:14", "text": "very important support. We're still"}, {"start": "00:00:12", "end": "00:00:17", "text": "holding it. We're holding it for dear"}, {"start": "00:00:14", "end": "00:00:19", "text": "life. The bears are wondering when are"}, {"start": "00:00:17", "end": "00:00:21", "text": "we going to dump? When are we going to"}, {"start": "00:00:19", "end": "00:00:24", "text": "lose this level? But Bitcoin is very,"}, {"start": "00:00:21", "end": "00:00:26", "text": "very strong with a strong hands. It is"}, {"start": "00:00:24", "end": "00:00:28", "text": "holding the support. It is ensuring that"}, {"start": "00:00:26", "end": "00:00:31", "text": "we stay above it. And as you know, this"}, {"start": "00:00:28", "end": "00:00:34", "text": "is our number one thing right now. We"}, {"start": "00:00:31", "end": "00:00:37", "text": "have to close weekly above this support"}, {"start": "00:00:34", "end": "00:00:39", "text": "to have the mega mega bull scenario."}, {"start": "00:00:37", "end": "00:00:41", "text": "There are basically a few scenarios in"}, {"start": "00:00:39", "end": "00:00:43", "text": "play. One scenario is that let's say we"}, {"start": "00:00:41", "end": "00:00:44", "text": "go below here, we consolidate, it's"}, {"start": "00:00:43", "end": "00:00:46", "text": "still bullish. We're still in a bull"}, {"start": "00:00:44", "end": "00:00:48", "text": "trend. As long as we don't go below the"}, {"start": "00:00:46", "end": "00:00:51", "text": "bull flip here, uh we will still still"}, {"start": "00:00:48", "end": "00:00:53", "text": "be bullish. But that may take just, you"}, {"start": "00:00:51", "end": "00:00:55", "text": "know, a few extra months. Maybe we go"}, {"start": "00:00:53", "end": "00:00:57", "text": "sideways here until the end of the year."}, {"start": "00:00:55", "end": "00:00:59", "text": "That would be not the most optimal."}, {"start": "00:00:57", "end": "00:01:01", "text": "Still bullish but not the most optimal."}, {"start": "00:00:59", "end": "00:01:04", "text": "Then the other scenario is that we would"}, {"start": "00:01:01", "end": "00:01:07", "text": "just move like this. It is also not very"}, {"start": "00:01:04", "end": "00:01:09", "text": "optimal. Why? Because a fast moon is not"}, {"start": "00:01:07", "end": "00:01:11", "text": "sustainable and you may have a big crash"}, {"start": "00:01:09", "end": "00:01:14", "text": "later and it just prolongs everything."}, {"start": "00:01:11", "end": "00:01:17", "text": "Just like in 2019 we pumped very fast"}, {"start": "00:01:14", "end": "00:01:20", "text": "from like 3K to 14K only to go back to"}, {"start": "00:01:17", "end": "00:01:24", "text": "3K. Okay. So you don't want that either."}, {"start": "00:01:20", "end": "00:01:26", "text": "The best, most optimal, most optimized"}, {"start": "00:01:24", "end": "00:01:28", "text": "uh way of the price moving is that you"}, {"start": "00:01:26", "end": "00:01:32", "text": "pump, you break resistance, you retest"}, {"start": "00:01:28", "end": "00:01:33", "text": "it, you build a base, then you pump and"}, {"start": "00:01:32", "end": "00:01:35", "text": "you retest, you build a base. This can"}, {"start": "00:01:33", "end": "00:01:37", "text": "go on forever, guys. This this can go on"}, {"start": "00:01:35", "end": "00:01:39", "text": "forever. By the way, the same is true is"}, {"start": "00:01:37", "end": "00:01:42", "text": "on the way down. You know, the worst in"}, {"start": "00:01:39", "end": "00:01:44", "text": "a bare market is when prices just drop"}, {"start": "00:01:42", "end": "00:01:46", "text": "and then they go sideways and then they"}, {"start": "00:01:44", "end": "00:01:48", "text": "drop a bit and then they go sideways and"}, {"start": "00:01:46", "end": "00:01:50", "text": "then they drop a bit. That's the worst"}, {"start": "00:01:48", "end": "00:01:52", "text": "because ideally you just want a flash"}, {"start": "00:01:50", "end": "00:01:54", "text": "crash. You want everyone wrecked. You"}, {"start": "00:01:52", "end": "00:01:56", "text": "want a big fat move to the downside that"}, {"start": "00:01:54", "end": "00:01:58", "text": "shocks everyone, gets everyone scared"}, {"start": "00:01:56", "end": "00:01:59", "text": "instead of this slow, you know, slow"}, {"start": "00:01:58", "end": "00:02:03", "text": "bleed. Slow bleed can go on for a very"}, {"start": "00:01:59", "end": "00:02:05", "text": "long time. But in a bull market, we want"}, {"start": "00:02:03", "end": "00:02:07", "text": "a slow bull. We want the bull slowly"}, {"start": "00:02:05", "end": "00:02:09", "text": "building, slowly slowly building and"}, {"start": "00:02:07", "end": "00:02:11", "text": "then becoming faster, faster, faster,"}, {"start": "00:02:09", "end": "00:02:13", "text": "faster, faster, faster, faster. So all"}, {"start": "00:02:11", "end": "00:02:16", "text": "in all, guys, we're in the early days."}, {"start": "00:02:13", "end": "00:02:17", "text": "It's the early days. We are here super"}, {"start": "00:02:16", "end": "00:02:20", "text": "early in this bull market. It's"}, {"start": "00:02:17", "end": "00:02:22", "text": "literally just the first uh 60 days of"}, {"start": "00:02:20", "end": "00:02:24", "text": "the bull. No, not longer. It's not"}, {"start": "00:02:22", "end": "00:02:27", "text": "longer than that. The first 60 60 days"}, {"start": "00:02:24", "end": "00:02:29", "text": "of the bull. Uh it's still just warming"}, {"start": "00:02:27", "end": "00:02:31", "text": "up and we keep the strategy. We keep it"}, {"start": "00:02:29", "end": "00:02:32", "text": "simple. I know there are many different"}, {"start": "00:02:31", "end": "00:02:34", "text": "people online who have different"}, {"start": "00:02:32", "end": "00:02:35", "text": "opinions. And it's fine by the way. It's"}, {"start": "00:02:34", "end": "00:02:37", "text": "totally fine to have different opinions."}, {"start": "00:02:35", "end": "00:02:39", "text": "And the thing is different opinions can"}, {"start": "00:02:37", "end": "00:02:41", "text": "be true at the same time. For example,"}, {"start": "00:02:39", "end": "00:02:43", "text": "yesterday someone posted this. There are"}, {"start": "00:02:41", "end": "00:02:46", "text": "two wolves. He says, \"God damn it.\" And"}, {"start": "00:02:43", "end": "00:02:49", "text": "it's because FEF had a picture here that"}, {"start": "00:02:46", "end": "00:02:51", "text": "Bitcoin is in danger. And we had a"}, {"start": "00:02:49", "end": "00:02:52", "text": "picture here that is going to be green"}, {"start": "00:02:51", "end": "00:02:54", "text": "like this. Green like a freaking"}, {"start": "00:02:52", "end": "00:02:57", "text": "leprechaun. And again guys, I'm not here"}, {"start": "00:02:54", "end": "00:02:59", "text": "to review anyone else. Uh I'm just here"}, {"start": "00:02:57", "end": "00:03:01", "text": "to state the following. Most people get"}, {"start": "00:02:59", "end": "00:03:02", "text": "wrecked because they follow a thousand"}, {"start": "00:03:01", "end": "00:03:04", "text": "influencers who have different"}, {"start": "00:03:02", "end": "00:03:05", "text": "strategies. So guys, if you right after"}, {"start": "00:03:04", "end": "00:03:06", "text": "this room, you're going to watch someone"}, {"start": "00:03:05", "end": "00:03:09", "text": "else. You're going to get wrecked. And"}, {"start": "00:03:06", "end": "00:03:11", "text": "I'm telling you"}, {"start": "00:03:09", "end": "00:03:13", "text": "it it is the number one mistake because"}, {"start": "00:03:11", "end": "00:03:15", "text": "you try to get a bit of here, a bit of"}, {"start": "00:03:13", "end": "00:03:16", "text": "there. You you get a mush in your brain."}, {"start": "00:03:15", "end": "00:03:18", "text": "Look here different strategist can"}, {"start": "00:03:16", "end": "00:03:20", "text": "technically all be profitable. You can"}, {"start": "00:03:18", "end": "00:03:22", "text": "see the market like FFE if you trade"}, {"start": "00:03:20", "end": "00:03:24", "text": "let's say lower time frame I guess or"}, {"start": "00:03:22", "end": "00:03:26", "text": "you can see it bullish if you look at"}, {"start": "00:03:24", "end": "00:03:28", "text": "the overall weekly structure. Okay, both"}, {"start": "00:03:26", "end": "00:03:31", "text": "of them can technically be profitable."}, {"start": "00:03:28", "end": "00:03:33", "text": "But what can't be profitable is being a"}, {"start": "00:03:31", "end": "00:03:36", "text": "playback riding around watching a bit"}, {"start": "00:03:33", "end": "00:03:38", "text": "here, a bit there, getting confused and"}, {"start": "00:03:36", "end": "00:03:42", "text": "emotionally affected. You need clear"}, {"start": "00:03:38", "end": "00:03:44", "text": "strategies, clear rules. Bulmania, clear"}, {"start": "00:03:42", "end": "00:03:46", "text": "strategies, clear rules. Big shout out"}, {"start": "00:03:44", "end": "00:03:50", "text": "to my colleagues, comrade, comrades"}, {"start": "00:03:46", "end": "00:03:52", "text": "doing videos. And yeah, I think Feff"}, {"start": "00:03:50", "end": "00:03:56", "text": "said the same. Fully agree. Took a sculp"}, {"start": "00:03:52", "end": "00:03:57", "text": "this and that. Guys, now it's time to be"}, {"start": "00:03:56", "end": "00:04:00", "text": "bull on big time frame. It's time to be"}, {"start": "00:03:57", "end": "00:04:01", "text": "bull. However, however, I need to give"}, {"start": "00:04:00", "end": "00:04:03", "text": "you a disclaimer, and that's that you"}, {"start": "00:04:01", "end": "00:04:05", "text": "can lose all of your money. How much"}, {"start": "00:04:03", "end": "00:04:07", "text": "money you have? Look in your portfolio."}, {"start": "00:04:05", "end": "00:04:09", "text": "Look in your portfolio right now. In"}, {"start": "00:04:07", "end": "00:04:13", "text": "crypto, you can lose all of it. It can"}, {"start": "00:04:09", "end": "00:04:13", "text": "all go to 0.0"}, {"start": "00:04:14", "end": "00:04:18", "text": "overnight. If you're not careful, you"}, {"start": "00:04:16", "end": "00:04:20", "text": "can get liquidated overnight. You come"}, {"start": "00:04:18", "end": "00:04:23", "text": "here into crypto, you come into the"}, {"start": "00:04:20", "end": "00:04:24", "text": "arena, you can get slain in the arena."}, {"start": "00:04:23", "end": "00:04:26", "text": "Especially if you don't have mechanical"}, {"start": "00:04:24", "end": "00:04:27", "text": "rules, you don't have stop-loss, you"}, {"start": "00:04:26", "end": "00:04:28", "text": "don't understand what you're doing,"}, {"start": "00:04:27", "end": "00:04:30", "text": "you're running around the different"}, {"start": "00:04:28", "end": "00:04:33", "text": "YouTube channels like a chicken without"}, {"start": "00:04:30", "end": "00:04:35", "text": "the head. Okay, read the disclaimer."}, {"start": "00:04:33", "end": "00:04:38", "text": "Pause and read and then confirm that you"}, {"start": "00:04:35", "end": "00:04:40", "text": "understand in crypto YOU CAN LOSE ALL OF"}, {"start": "00:04:38", "end": "00:04:42", "text": "YOUR MONEY. ALL OF IT. You can go to"}, {"start": "00:04:40", "end": "00:04:44", "text": "zero."}, {"start": "00:04:42", "end": "00:04:45", "text": "Okay, very important, very important."}, {"start": "00:04:44", "end": "00:04:47", "text": "That's why we speak about risk"}, {"start": "00:04:45", "end": "00:04:48", "text": "management. We speak about the"}, {"start": "00:04:47", "end": "00:04:50", "text": "strategies. We speak about the rules."}, {"start": "00:04:48", "end": "00:04:52", "text": "Welcome everyone who's watching live."}, {"start": "00:04:50", "end": "00:04:54", "text": "Big shout out to Guzman for time"}, {"start": "00:04:52", "end": "00:04:55", "text": "stamping us today. Smash up the like."}, {"start": "00:04:54", "end": "00:04:58", "text": "Subscribe to the channel if you haven't"}, {"start": "00:04:55", "end": "00:05:01", "text": "yet. If you have more than 100k in your"}, {"start": "00:04:58", "end": "00:05:03", "text": "portfolio, sign up for Bull Mania weight"}, {"start": "00:05:01", "end": "00:05:06", "text": "list because our humanitarian mission"}, {"start": "00:05:03", "end": "00:05:08", "text": "has ended, guys. We are only allowing"}, {"start": "00:05:06", "end": "00:05:10", "text": "100k plus portfolios in Bullmania from"}, {"start": "00:05:08", "end": "00:05:12", "text": "the next cohort. Now it's closed. Now"}, {"start": "00:05:10", "end": "00:05:14", "text": "it's closed. But if you have more than"}, {"start": "00:05:12", "end": "00:05:16", "text": "100k, sign up for the weight list. If"}, {"start": "00:05:14", "end": "00:05:18", "text": "you have less than 100k, fantastic. Come"}, {"start": "00:05:16", "end": "00:05:22", "text": "to Bullmania newsletter. This one is"}, {"start": "00:05:18", "end": "00:05:25", "text": "free. Bull bulmania.comsubscribe"}, {"start": "00:05:22", "end": "00:05:28", "text": "also link below bulmania first link 100k"}, {"start": "00:05:25", "end": "00:05:29", "text": "plus boumanas.comsubscribe"}, {"start": "00:05:28", "end": "00:05:31", "text": "for newsletter newsletter is also"}, {"start": "00:05:29", "end": "00:05:33", "text": "fantastic it's fantastic it's it's"}, {"start": "00:05:31", "end": "00:05:35", "text": "that's how our humanitarian mission"}, {"start": "00:05:33", "end": "00:05:37", "text": "continues by the way our gift to the"}, {"start": "00:05:35", "end": "00:05:39", "text": "world our fully free gift to the world"}, {"start": "00:05:37", "end": "00:05:41", "text": "of boom newsletter it continues in"}, {"start": "00:05:39", "end": "00:05:43", "text": "boom.com/subscribe"}, {"start": "00:05:41", "end": "00:05:47", "text": "guys let's go to the market look here in"}, {"start": "00:05:43", "end": "00:05:51", "text": "2017 a wise man told me when you think"}, {"start": "00:05:47", "end": "00:05:54", "text": "it's over. It'll just be getting"}, {"start": "00:05:51", "end": "00:05:57", "text": "started. I think we'll reflect upon 2026"}, {"start": "00:05:54", "end": "00:05:59", "text": "as such a period for blockchain. It's"}, {"start": "00:05:57", "end": "00:06:01", "text": "true. It's true guys. It's interesting"}, {"start": "00:05:59", "end": "00:06:04", "text": "how everything digital guys is becoming"}, {"start": "00:06:01", "end": "00:06:07", "text": "fully fully fully commoditized. You now"}, {"start": "00:06:04", "end": "00:06:10", "text": "have AI uh copying Photoshop. AI can"}, {"start": "00:06:07", "end": "00:06:12", "text": "copy any app any app. Now there is no IP"}, {"start": "00:06:10", "end": "00:06:15", "text": "left. The only thing that's left is"}, {"start": "00:06:12", "end": "00:06:17", "text": "community and freaking blockchain which"}, {"start": "00:06:15", "end": "00:06:19", "text": "is digital scarcity. community you"}, {"start": "00:06:17", "end": "00:06:20", "text": "cannot fake. That's why I love doing the"}, {"start": "00:06:19", "end": "00:06:22", "text": "streams here every day with you guys."}, {"start": "00:06:20", "end": "00:06:24", "text": "You're here every day. I'm here every"}, {"start": "00:06:22", "end": "00:06:26", "text": "day. That's really the value in the age"}, {"start": "00:06:24", "end": "00:06:29", "text": "of AI is that we come together. We home"}, {"start": "00:06:26", "end": "00:06:32", "text": "together. We we're here together and we"}, {"start": "00:06:29", "end": "00:06:34", "text": "hold our hands and we sing kumbaya even"}, {"start": "00:06:32", "end": "00:06:36", "text": "when the market is shaky. Even when the"}, {"start": "00:06:34", "end": "00:06:38", "text": "market is uncertain. Okay, that's number"}, {"start": "00:06:36", "end": "00:06:41", "text": "one. Number two, blockchain. Obviously,"}, {"start": "00:06:38", "end": "00:06:44", "text": "in the age of AI, the number one user of"}, {"start": "00:06:41", "end": "00:06:46", "text": "blockchain is AI. AI will not go to"}, {"start": "00:06:44", "end": "00:06:48", "text": "PayPal and get an accountant. It's going"}, {"start": "00:06:46", "end": "00:06:49", "text": "to be using AI. So, it's going to be"}, {"start": "00:06:48", "end": "00:06:51", "text": "using blockchain. And right now with all"}, {"start": "00:06:49", "end": "00:06:52", "text": "this revolution, just think about the"}, {"start": "00:06:51", "end": "00:06:54", "text": "few things that are important."}, {"start": "00:06:52", "end": "00:06:56", "text": "Community, which is part of all"}, {"start": "00:06:54", "end": "00:06:59", "text": "blockchain, okay, we love being in"}, {"start": "00:06:56", "end": "00:07:00", "text": "community and digital scarcity. And"}, {"start": "00:06:59", "end": "00:07:02", "text": "that's where blockchain is. And it's"}, {"start": "00:07:00", "end": "00:07:05", "text": "fantastic. It's fantastic. Also, you"}, {"start": "00:07:02", "end": "00:07:08", "text": "understand that with digital scarcity,"}, {"start": "00:07:05", "end": "00:07:11", "text": "uh it's important to have uh not many"}, {"start": "00:07:08", "end": "00:07:13", "text": "coins, 21 million capped when you have"}, {"start": "00:07:11", "end": "00:07:17", "text": "things like this going on. So, uh, Trump"}, {"start": "00:07:13", "end": "00:07:18", "text": "is promising free money and, uh, it's"}, {"start": "00:07:17", "end": "00:07:19", "text": "printer is going to go hot, guys."}, {"start": "00:07:18", "end": "00:07:20", "text": "Printer is going to go hot. Listen to"}, {"start": "00:07:19", "end": "00:07:23", "text": "this."}, {"start": "00:07:20", "end": "00:07:27", "text": ">> I'm going to give all adult citizens in"}, {"start": "00:07:23", "end": "00:07:29", "text": "the United States of America $5,000."}, {"start": "00:07:27", "end": "00:07:31", "text": "Democrat policies won't allow this to"}, {"start": "00:07:29", "end": "00:07:33", "text": "happen. In fact, the opposite. They're"}, {"start": "00:07:31", "end": "00:07:36", "text": "going to raise your taxes. If the"}, {"start": "00:07:33", "end": "00:07:38", "text": "Democrats win, you will have an economic"}, {"start": "00:07:36", "end": "00:07:42", "text": "depression. If the Republicans win, you"}, {"start": "00:07:38", "end": "00:07:44", "text": "will each have $5,000 in your pocket."}, {"start": "00:07:42", "end": "00:07:50", "text": "and economic success for our country"}, {"start": "00:07:44", "end": "00:07:50", "text": "like we have never ever seen before."}, {"start": "00:07:53", "end": "00:08:00", "text": "Holy guys. You get $5,000"}, {"start": "00:07:57", "end": "00:08:03", "text": "guaranteed. Guaranteed. Guaranteed. He"}, {"start": "00:08:00", "end": "00:08:04", "text": "says if you vote for Republican, if you"}, {"start": "00:08:03", "end": "00:08:05", "text": "vote Democrat, you're going to have high"}, {"start": "00:08:04", "end": "00:08:08", "text": "tax. Republican, you're going to have"}, {"start": "00:08:05", "end": "00:08:10", "text": "$5,000 guaranteed. Let me listen to this"}, {"start": "00:08:08", "end": "00:08:13", "text": "again. Let me let let me take this in"}, {"start": "00:08:10", "end": "00:08:15", "text": "again. I'm going to give all adult"}, {"start": "00:08:13", "end": "00:08:18", "text": "citizens in the United States of America"}, {"start": "00:08:15", "end": "00:08:19", "text": "$5,000."}, {"start": "00:08:18", "end": "00:08:21", "text": ">> Man, if this happens, I know many people"}, {"start": "00:08:19", "end": "00:08:23", "text": "say, \"Oh, you cannot trust Trump.\" Who"}, {"start": "00:08:21", "end": "00:08:25", "text": "the hell knows? Listen, if this happens,"}, {"start": "00:08:23", "end": "00:08:26", "text": "is this going to be COVID helicopter"}, {"start": "00:08:25", "end": "00:08:28", "text": "money on steroid? And you, you know,"}, {"start": "00:08:26", "end": "00:08:30", "text": "again, for us, it's not whether it's"}, {"start": "00:08:28", "end": "00:08:32", "text": "going to happen or not. It's more of the"}, {"start": "00:08:30", "end": "00:08:34", "text": "pricing in. We need to see if the market"}, {"start": "00:08:32", "end": "00:08:36", "text": "will start pricing this in. Obviously,"}, {"start": "00:08:34", "end": "00:08:37", "text": "we don't know. Maybe he's lying. I mean,"}, {"start": "00:08:36", "end": "00:08:39", "text": "who knows? I don't know him. I don't"}, {"start": "00:08:37", "end": "00:08:41", "text": "know. Maybe he's lying. Maybe he's"}, {"start": "00:08:39", "end": "00:08:42", "text": "trying to put pull a fast one. Is that"}, {"start": "00:08:41", "end": "00:08:47", "text": "how you say in English? He's trying to"}, {"start": "00:08:42", "end": "00:08:51", "text": "pull a very very very fast one on you,"}, {"start": "00:08:47", "end": "00:08:53", "text": "dear PLA. Okay, so maybe that's that."}, {"start": "00:08:51", "end": "00:08:55", "text": "But the thing is that's a bit secondary."}, {"start": "00:08:53", "end": "00:08:57", "text": "What is primary is that the financial"}, {"start": "00:08:55", "end": "00:08:59", "text": "markets may start pricing it in. And if"}, {"start": "00:08:57", "end": "00:09:02", "text": "they start pricing it in, you will have"}, {"start": "00:08:59", "end": "00:09:04", "text": "asset prices rise anyway. So don't worry"}, {"start": "00:09:02", "end": "00:09:05", "text": "too much whether it's going to happen or"}, {"start": "00:09:04", "end": "00:09:08", "text": "not because that does not matter for the"}, {"start": "00:09:05", "end": "00:09:09", "text": "asset prices. What matters is our"}, {"start": "00:09:08", "end": "00:09:11", "text": "financial markets taking it seriously or"}, {"start": "00:09:09", "end": "00:09:12", "text": "not. And that's going to be interesting"}, {"start": "00:09:11", "end": "00:09:15", "text": "to see."}, {"start": "00:09:12", "end": "00:09:17", "text": ">> Democrat policies won't allow this to"}, {"start": "00:09:15", "end": "00:09:19", "text": "happen. In fact, the opposite. They're"}, {"start": "00:09:17", "end": "00:09:21", "text": "going to raise your taxes. If the"}, {"start": "00:09:19", "end": "00:09:24", "text": "Democrats win, you will have an economic"}, {"start": "00:09:21", "end": "00:09:29", "text": "depression. If the Republicans win, you"}, {"start": "00:09:24", "end": "00:09:32", "text": "will each have $5,000 in your pocket."}, {"start": "00:09:29", "end": "00:09:32", "text": ">> I love it."}, {"start": "00:09:32", "end": "00:09:36", "text": "You know the movie Idiocracy? I love it."}, {"start": "00:09:34", "end": "00:09:39", "text": "We're getting there. We're get Let me"}, {"start": "00:09:36", "end": "00:09:42", "text": "play together."}, {"start": "00:09:39", "end": "00:09:44", "text": ">> Win, you will each have $5,000 in your"}, {"start": "00:09:42", "end": "00:09:47", "text": "pocket. And win, you will have an"}, {"start": "00:09:44", "end": "00:09:51", "text": "economic depression. If the Republicans"}, {"start": "00:09:47", "end": "00:09:52", "text": "win, you will each have $5,000 in your"}, {"start": "00:09:51", "end": "00:09:54", "text": ">> But this video, this video, it is, you"}, {"start": "00:09:52", "end": "00:09:56", "text": "know, I'm a bit of a cinematographer."}, {"start": "00:09:54", "end": "00:09:58", "text": "I'm a bit of a cinematog"}, {"start": "00:09:56", "end": "00:10:05", "text": "cinematographer. I'm doing videos every"}, {"start": "00:09:58", "end": "00:10:05", "text": "day. This Hans Zimmer Hans Zimmer music"}, {"start": "00:10:07", "end": "00:10:13", "text": "dramatic. Then he's showing $5,000 when"}, {"start": "00:10:10", "end": "00:10:15", "text": "he gives like a tip to this woman and"}, {"start": "00:10:13", "end": "00:10:19", "text": "and then slaps her on the shoulder."}, {"start": "00:10:15", "end": "00:10:22", "text": ">> You will each have $5,000 in your pocket"}, {"start": "00:10:19", "end": "00:10:22", "text": "and economic"}, {"start": "00:10:23", "end": "00:10:28", "text": ">> man. Hans Zimmer. Look here. Look here."}, {"start": "00:10:25", "end": "00:10:31", "text": "Look at Look at Look at Look at her."}, {"start": "00:10:28", "end": "00:10:32", "text": "up whoop. Look at him. Whoop"}, {"start": "00:10:31", "end": "00:10:35", "text": "whoop. That That's what's going to"}, {"start": "00:10:32", "end": "00:10:40", "text": "happen if the Republicans win. Whoop."}, {"start": "00:10:35", "end": "00:10:40", "text": "And then and then and then uh uh"}, {"start": "00:10:40", "end": "00:10:44", "text": "amazing guys. Amazing. Listen, when I"}, {"start": "00:10:42", "end": "00:10:47", "text": "see this, I become bullish even more. I"}, {"start": "00:10:44", "end": "00:10:49", "text": "become bullish even more. It's going to"}, {"start": "00:10:47", "end": "00:10:51", "text": "be very interesting to see how they do"}, {"start": "00:10:49", "end": "00:10:53", "text": "this and if they're going to do it. But"}, {"start": "00:10:51", "end": "00:10:55", "text": "that's secondary. The primary is that"}, {"start": "00:10:53", "end": "00:10:57", "text": "the dollar is going to be printed in one"}, {"start": "00:10:55", "end": "00:10:59", "text": "way or another. either from this or from"}, {"start": "00:10:57", "end": "00:11:01", "text": "another thing from somewhere is going to"}, {"start": "00:10:59", "end": "00:11:04", "text": "be printed in a big big massive way"}, {"start": "00:11:01", "end": "00:11:06", "text": "guys. Uh big news if you are in France"}, {"start": "00:11:04", "end": "00:11:09", "text": "by the way you know that France is"}, {"start": "00:11:06", "end": "00:11:10", "text": "struggling a lot. France debt is"}, {"start": "00:11:09", "end": "00:11:11", "text": "horrible. They're paying high interest"}, {"start": "00:11:10", "end": "00:11:13", "text": "rate. They're paying a higher interest"}, {"start": "00:11:11", "end": "00:11:14", "text": "rate than Greece. They're paying a"}, {"start": "00:11:13", "end": "00:11:16", "text": "higher interest rate than many"}, {"start": "00:11:14", "end": "00:11:19", "text": "companies. Can you imagine that? It's"}, {"start": "00:11:16", "end": "00:11:21", "text": "cheaper. It's cheaper to borrow money"}, {"start": "00:11:19", "end": "00:11:24", "text": "for companies, individual companies than"}, {"start": "00:11:21", "end": "00:11:26", "text": "for France as a government, as a"}, {"start": "00:11:24", "end": "00:11:28", "text": "country. So France is doing very very"}, {"start": "00:11:26", "end": "00:11:30", "text": "important. Now the problem for you guys"}, {"start": "00:11:28", "end": "00:11:35", "text": "who are in France is that they will be"}, {"start": "00:11:30", "end": "00:11:38", "text": "milking you a lot. So now if you have"}, {"start": "00:11:35", "end": "00:11:41", "text": "100k plus in self custody"}, {"start": "00:11:38", "end": "00:11:42", "text": "uh by the way you should join Bulmania"}, {"start": "00:11:41", "end": "00:11:44", "text": "weight list if you have 100k plus in"}, {"start": "00:11:42", "end": "00:11:46", "text": "self custody. That's number one. But"}, {"start": "00:11:44", "end": "00:11:49", "text": "number two you will have to report it to"}, {"start": "00:11:46", "end": "00:11:53", "text": "France. Okay. All of the self-custody"}, {"start": "00:11:49", "end": "00:11:54", "text": "wallets need to be reported to France."}, {"start": "00:11:53", "end": "00:11:56", "text": "Okay that's the new rules. That's the"}, {"start": "00:11:54", "end": "00:11:57", "text": "new rules that they want that they want"}, {"start": "00:11:56", "end": "00:12:01", "text": "to have. So France now wants a list of"}, {"start": "00:11:57", "end": "00:12:04", "text": "everyone holding 100k euro or more of"}, {"start": "00:12:01", "end": "00:12:06", "text": "Bitcoin in self-custody. If you don't"}, {"start": "00:12:04", "end": "00:12:09", "text": "declare it, what's going to happen? 10k"}, {"start": "00:12:06", "end": "00:12:11", "text": "fine. If you declare it, you're going to"}, {"start": "00:12:09", "end": "00:12:14", "text": "get kidnapped or you're going to have a"}, {"start": "00:12:11", "end": "00:12:16", "text": "wrench attack. Okay? Can't make it up."}, {"start": "00:12:14", "end": "00:12:17", "text": "Okay? Why are they doing that? Because"}, {"start": "00:12:16", "end": "00:12:19", "text": "they're coming for your money. At the"}, {"start": "00:12:17", "end": "00:12:21", "text": "end of the day, they have very bad uh"}, {"start": "00:12:19", "end": "00:12:23", "text": "budget. Budget does not make sense. They"}, {"start": "00:12:21", "end": "00:12:26", "text": "have the lefty guy Melon Sean. What's"}, {"start": "00:12:23", "end": "00:12:29", "text": "his what's is his name? Our friend Melon"}, {"start": "00:12:26", "end": "00:12:31", "text": "Sean he he yeah"}, {"start": "00:12:29", "end": "00:12:33", "text": "he's directly calling out financial"}, {"start": "00:12:31", "end": "00:12:36", "text": "markets saying that financial markets or"}, {"start": "00:12:33", "end": "00:12:37", "text": "he doesn't care about them. Okay but uh"}, {"start": "00:12:36", "end": "00:12:38", "text": "yeah how you going to finance your"}, {"start": "00:12:37", "end": "00:12:40", "text": "country man? How you going to how you"}, {"start": "00:12:38", "end": "00:12:44", "text": "going to finance the country? We did"}, {"start": "00:12:40", "end": "00:12:46", "text": "show him last uh last stream last"}, {"start": "00:12:44", "end": "00:12:48", "text": "stream. Yeah you know without bonds the"}, {"start": "00:12:46", "end": "00:12:50", "text": "government cannot finance itself. It can"}, {"start": "00:12:48", "end": "00:12:52", "text": "finance itself through bonds borrowing"}, {"start": "00:12:50", "end": "00:12:53", "text": "money or by printing money. Okay,"}, {"start": "00:12:52", "end": "00:12:55", "text": "printing money is going to be"}, {"start": "00:12:53", "end": "00:12:57", "text": "hyperinflation and they cannot print"}, {"start": "00:12:55", "end": "00:13:00", "text": "money because they are a part of euro."}, {"start": "00:12:57", "end": "00:13:03", "text": "So they cannot even do that. Um, you"}, {"start": "00:13:00", "end": "00:13:03", "text": "remember this from yesterday?"}, {"start": "00:13:14", "end": "00:13:19", "text": "Yeah. I mean, he's like joking. Yeah."}, {"start": "00:13:16", "end": "00:13:19", "text": "Yeah."}, {"start": "00:13:19", "end": "00:13:24", "text": "He doesn't want to reassure the markets."}, {"start": "00:13:22", "end": "00:13:27", "text": "So, uh at the end of the day, you are"}, {"start": "00:13:24", "end": "00:13:28", "text": "going to be milked. Okay. Heavily. And"}, {"start": "00:13:27", "end": "00:13:30", "text": "your self custody, they're coming for"}, {"start": "00:13:28", "end": "00:13:33", "text": "it. Okay. They're coming for it. So,"}, {"start": "00:13:30", "end": "00:13:35", "text": "guys, if you're in France, I I I I mean,"}, {"start": "00:13:33", "end": "00:13:37", "text": "you understand you have to go somewhere,"}, {"start": "00:13:35", "end": "00:13:40", "text": "especially if you're young. Okay. Okay."}, {"start": "00:13:37", "end": "00:13:42", "text": "You have family, you cannot go. You you"}, {"start": "00:13:40", "end": "00:13:43", "text": "Yeah. You You're stuck. Okay. Okay. It's"}, {"start": "00:13:42", "end": "00:13:45", "text": "it's harder with a family, guys. If"}, {"start": "00:13:43", "end": "00:13:47", "text": "you're a young person, there are many"}, {"start": "00:13:45", "end": "00:13:48", "text": "other countries. There are many other"}, {"start": "00:13:47", "end": "00:13:50", "text": "countries. You don't have to be there."}, {"start": "00:13:48", "end": "00:13:52", "text": "Literally, you you you go on a plane,"}, {"start": "00:13:50", "end": "00:13:55", "text": "two two hours, three hours, you just sit"}, {"start": "00:13:52", "end": "00:13:58", "text": "in a plane, you watch Netflix, you eat"}, {"start": "00:13:55", "end": "00:13:59", "text": "something, okay? You eat something nice."}, {"start": "00:13:58", "end": "00:14:01", "text": "You go business class, very nice. First"}, {"start": "00:13:59", "end": "00:14:03", "text": "class, very nice. Economy, you can get"}, {"start": "00:14:01", "end": "00:14:05", "text": "something nice there. Two, three hours."}, {"start": "00:14:03", "end": "00:14:07", "text": "Boop boop boop. Totally different tax"}, {"start": "00:14:05", "end": "00:14:10", "text": "regime. It's crazy. But in two three"}, {"start": "00:14:07", "end": "00:14:13", "text": "hours of just sitting in a plane,"}, {"start": "00:14:10", "end": "00:14:15", "text": "you you you don't have to give up 50% of"}, {"start": "00:14:13", "end": "00:14:16", "text": "your money. Isn't that crazy? I people"}, {"start": "00:14:15", "end": "00:14:18", "text": "can sometimes, you know, I speak to them"}, {"start": "00:14:16", "end": "00:14:20", "text": "and they don't understand. It takes two"}, {"start": "00:14:18", "end": "00:14:22", "text": "hours. Takes two hours. It takes two"}, {"start": "00:14:20", "end": "00:14:24", "text": "hours to to fly somewhere. Three hours"}, {"start": "00:14:22", "end": "00:14:25", "text": "depending on where you go, of course,"}, {"start": "00:14:24", "end": "00:14:27", "text": "but you know, it's literally a flight. A"}, {"start": "00:14:25", "end": "00:14:29", "text": "flight and then everything changes. Once"}, {"start": "00:14:27", "end": "00:14:32", "text": "you start seeing it for what it is, it's"}, {"start": "00:14:29", "end": "00:14:34", "text": "not hard. It's not it's not complex."}, {"start": "00:14:32", "end": "00:14:36", "text": "I hear the French guys are telling me"}, {"start": "00:14:34", "end": "00:14:39", "text": "that this guy is quite big. He's quite"}, {"start": "00:14:36", "end": "00:14:41", "text": "massive in the polls. Number two, is he"}, {"start": "00:14:39", "end": "00:14:43", "text": "number two? This guy, he's he's getting"}, {"start": "00:14:41", "end": "00:14:46", "text": "quite massive in the polls. H Yeah, but"}, {"start": "00:14:43", "end": "00:14:47", "text": "this guy Yeah."}, {"start": "00:14:46", "end": "00:14:50", "text": "Good luck, guys. Good luck. I don't know"}, {"start": "00:14:47", "end": "00:14:52", "text": "what to tell you. So, uh, back to"}, {"start": "00:14:50", "end": "00:14:55", "text": "Ledger. Ledger got wrecked in South"}, {"start": "00:14:52", "end": "00:14:57", "text": "Southeast Asia because hackers bought a"}, {"start": "00:14:55", "end": "00:14:59", "text": "store that sells ledgers and then they"}, {"start": "00:14:57", "end": "00:15:01", "text": "infected all of the ledgers inside that"}, {"start": "00:14:59", "end": "00:15:03", "text": "store. They literally bought the"}, {"start": "00:15:01", "end": "00:15:05", "text": "business, the physical store business as"}, {"start": "00:15:03", "end": "00:15:07", "text": "you remember and ledger saying all"}, {"start": "00:15:05", "end": "00:15:09", "text": "confirmed fund losses tied to the"}, {"start": "00:15:07", "end": "00:15:11", "text": "incident disclosed on October 9th"}, {"start": "00:15:09", "end": "00:15:14", "text": "involved signers sold through"}, {"start": "00:15:11", "end": "00:15:16", "text": "cryptobillis."}, {"start": "00:15:14", "end": "00:15:20", "text": "We have not verified a drain linked to a"}, {"start": "00:15:16", "end": "00:15:22", "text": "signer bought anywhere else. Cryptobilis"}, {"start": "00:15:20", "end": "00:15:25", "text": "confirmed to stop selling ledger signers"}, {"start": "00:15:22", "end": "00:15:27", "text": "while the investigation continues"}, {"start": "00:15:25", "end": "00:15:30", "text": "based on Don Juans Don John's analysis"}, {"start": "00:15:27", "end": "00:15:32", "text": "of the attack. This is Don John or as"}, {"start": "00:15:30", "end": "00:15:35", "text": "he's called online, Don Juan. The"}, {"start": "00:15:32", "end": "00:15:37", "text": "implant sits inside the enclosure and"}, {"start": "00:15:35", "end": "00:15:39", "text": "reads the data shown on the screen."}, {"start": "00:15:37", "end": "00:15:41", "text": "During setup, the sign or displays the"}, {"start": "00:15:39", "end": "00:15:43", "text": "24word"}, {"start": "00:15:41", "end": "00:15:46", "text": "recovery phrase. When the implant"}, {"start": "00:15:43", "end": "00:15:47", "text": "detects this uh the screens it it's"}, {"start": "00:15:46", "end": "00:15:51", "text": "microcontroller they cause the basically"}, {"start": "00:15:47", "end": "00:15:56", "text": "they see the the seed during setup and"}, {"start": "00:15:51", "end": "00:16:00", "text": "then they send it to the hacker via LTE"}, {"start": "00:15:56", "end": "00:16:02", "text": "via 4G basically with an EIM. Okay. And"}, {"start": "00:16:00", "end": "00:16:04", "text": "that's how you get drained. That's how"}, {"start": "00:16:02", "end": "00:16:06", "text": "your keys are leaked. By the way, there"}, {"start": "00:16:04", "end": "00:16:10", "text": "are reports coming out uh that even in"}, {"start": "00:16:06", "end": "00:16:13", "text": "Europe there is an attack on ledgers."}, {"start": "00:16:10", "end": "00:16:15", "text": "Okay. If you go to Taizen, you guys"}, {"start": "00:16:13", "end": "00:16:16", "text": "remember Taizen? It's one of the OG"}, {"start": "00:16:15", "end": "00:16:18", "text": "YouTube channels. I remember when I"}, {"start": "00:16:16", "end": "00:16:21", "text": "started YouTube in 2017, Taizen was"}, {"start": "00:16:18", "end": "00:16:24", "text": "doing YouTube also."}, {"start": "00:16:21", "end": "00:16:27", "text": "He's amazing. He's amazing. But he also"}, {"start": "00:16:24", "end": "00:16:28", "text": "said uh here"}, {"start": "00:16:27", "end": "00:16:32", "text": "uh let's see where is it? Where is it?"}, {"start": "00:16:28", "end": "00:16:35", "text": "Where is it? He also said that uh this"}, {"start": "00:16:32", "end": "00:16:37", "text": "is not news and he was trying to to warn"}, {"start": "00:16:35", "end": "00:16:39", "text": "the community for a long time. We have"}, {"start": "00:16:37", "end": "00:16:41", "text": "four tempered devices out of 400"}, {"start": "00:16:39", "end": "00:16:44", "text": "students in South Asia with total losses"}, {"start": "00:16:41", "end": "00:16:47", "text": "over $2 million."}, {"start": "00:16:44", "end": "00:16:48", "text": "Let's see what else he said. Do not be"}, {"start": "00:16:47", "end": "00:16:52", "text": "stupid and send temper ledge device to"}, {"start": "00:16:48", "end": "00:16:53", "text": "random people on the internet. Uh the"}, {"start": "00:16:52", "end": "00:16:55", "text": "Ledger device is not hacked, so stop"}, {"start": "00:16:53", "end": "00:16:58", "text": "lying. Ledger is hacked. It was hacked."}, {"start": "00:16:55", "end": "00:16:59", "text": "If it was hack, then everyone uh using"}, {"start": "00:16:58", "end": "00:17:00", "text": "Ledger would have lost all their coins."}, {"start": "00:16:59", "end": "00:17:02", "text": "The problem we're having is that"}, {"start": "00:17:00", "end": "00:17:04", "text": "scammers and hackers are adding"}, {"start": "00:17:02", "end": "00:17:06", "text": "dishonest horror to Ledger device."}, {"start": "00:17:04", "end": "00:17:08", "text": "Exactly. So go go and read what he says"}, {"start": "00:17:06", "end": "00:17:10", "text": "here. Uh but actually it was another"}, {"start": "00:17:08", "end": "00:17:14", "text": "thing I was thinking because there are"}, {"start": "00:17:10", "end": "00:17:16", "text": "reports that it's also in Europe. Um"}, {"start": "00:17:14", "end": "00:17:18", "text": "here here here I can confirm that Ledger"}, {"start": "00:17:16", "end": "00:17:20", "text": "supply chain is compromised in Europe as"}, {"start": "00:17:18", "end": "00:17:22", "text": "well. Ledger should initiate an"}, {"start": "00:17:20", "end": "00:17:24", "text": "immediate product recalled to protect"}, {"start": "00:17:22", "end": "00:17:26", "text": "users. So guys if you recently bought"}, {"start": "00:17:24", "end": "00:17:28", "text": "Ledger get rid of it as soon as"}, {"start": "00:17:26", "end": "00:17:30", "text": "possible. Okay? Even in Europe if it's"}, {"start": "00:17:28", "end": "00:17:32", "text": "southeast like get rid of your ledger as"}, {"start": "00:17:30", "end": "00:17:34", "text": "soon as possible. I just purchased a"}, {"start": "00:17:32", "end": "00:17:38", "text": "second device from a different media"}, {"start": "00:17:34", "end": "00:17:40", "text": "marked location today. Uh recorded the"}, {"start": "00:17:38", "end": "00:17:42", "text": "unboxing process and discovered spyware"}, {"start": "00:17:40", "end": "00:17:44", "text": "once again. The device was compromised"}, {"start": "00:17:42", "end": "00:17:46", "text": "in the exact same manner featuring"}, {"start": "00:17:44", "end": "00:17:48", "text": "identical modifications. This this"}, {"start": "00:17:46", "end": "00:17:50", "text": "indicates it's a widespread issue rather"}, {"start": "00:17:48", "end": "00:17:53", "text": "than an isolated incident. So you can"}, {"start": "00:17:50", "end": "00:17:55", "text": "read here more. And here he has a video"}, {"start": "00:17:53", "end": "00:17:59", "text": "where he shows the receipt. He bought it"}, {"start": "00:17:55", "end": "00:18:00", "text": "from this Saturn store in Germany. Uh he"}, {"start": "00:17:59", "end": "00:18:04", "text": "has the receipt here. He shows the"}, {"start": "00:18:00", "end": "00:18:06", "text": "unboxing. He shows the the issue the the"}, {"start": "00:18:04", "end": "00:18:08", "text": "uh antenna I guess I mean it's LT so"}, {"start": "00:18:06", "end": "00:18:10", "text": "it's got to be some mobile mobile"}, {"start": "00:18:08", "end": "00:18:12", "text": "antenna there. Uh all in all guys if you"}, {"start": "00:18:10", "end": "00:18:13", "text": "recently bought Ledger it is serious. If"}, {"start": "00:18:12", "end": "00:18:15", "text": "you recently bought Ledger it is"}, {"start": "00:18:13", "end": "00:18:17", "text": "serious. That's why"}, {"start": "00:18:15", "end": "00:18:20", "text": "when it comes to your assets we've been"}, {"start": "00:18:17", "end": "00:18:23", "text": "discussing it yesterday. Uh having your"}, {"start": "00:18:20", "end": "00:18:24", "text": "asset in ETF is not a bad decision. Uh"}, {"start": "00:18:23", "end": "00:18:26", "text": "it's not I know it's not cyber punk"}, {"start": "00:18:24", "end": "00:18:28", "text": "cypher pang but again should should"}, {"start": "00:18:26", "end": "00:18:29", "text": "something happen to black rockck you're"}, {"start": "00:18:28", "end": "00:18:32", "text": "going to be a creditor. you're going to"}, {"start": "00:18:29", "end": "00:18:33", "text": "be respected in the eyes of the law."}, {"start": "00:18:32", "end": "00:18:36", "text": "You're likely going to get money back in"}, {"start": "00:18:33", "end": "00:18:40", "text": "one way or another. Bernie made of"}, {"start": "00:18:36", "end": "00:18:43", "text": "victims got like 80% back eventually."}, {"start": "00:18:40", "end": "00:18:46", "text": "So, if you have a ledger and crypto or"}, {"start": "00:18:43", "end": "00:18:48", "text": "some other guy hacked it and installed"}, {"start": "00:18:46", "end": "00:18:51", "text": "the SIM card there, EIM that leaked your"}, {"start": "00:18:48", "end": "00:18:53", "text": "your uh private key, you are nobody."}, {"start": "00:18:51", "end": "00:18:55", "text": "You're nobody. You don't even know where"}, {"start": "00:18:53", "end": "00:18:57", "text": "to go. You're going to go to the police."}, {"start": "00:18:55", "end": "00:19:01", "text": "They're going to say, \"Haha,"}, {"start": "00:18:57", "end": "00:19:04", "text": "we have a case. Your case is accepted."}, {"start": "00:19:01", "end": "00:19:05", "text": "Haha. What do you think? We're not going"}, {"start": "00:19:04", "end": "00:19:09", "text": "to find him. We're not going to find who"}, {"start": "00:19:05", "end": "00:19:10", "text": "this is. No assets back. Your case is"}, {"start": "00:19:09", "end": "00:19:13", "text": "closed. By the way, next morning, your"}, {"start": "00:19:10", "end": "00:19:16", "text": "case is closed.\" You understand? You"}, {"start": "00:19:13", "end": "00:19:18", "text": "understand or you don't understand?"}, {"start": "00:19:16", "end": "00:19:20", "text": "So,"}, {"start": "00:19:18", "end": "00:19:23", "text": "basically,"}, {"start": "00:19:20", "end": "00:19:24", "text": "of course, it's nice with self custody."}, {"start": "00:19:23", "end": "00:19:26", "text": "It's important that you have a choice."}, {"start": "00:19:24", "end": "00:19:28", "text": "If you really want self cast, you have"}, {"start": "00:19:26", "end": "00:19:30", "text": "it. But also in these cases like what"}, {"start": "00:19:28", "end": "00:19:32", "text": "Tyson is saying, two million plus losses"}, {"start": "00:19:30", "end": "00:19:35", "text": "in the community. It would be different"}, {"start": "00:19:32", "end": "00:19:37", "text": "if let's say Black Rockck exit scam"}, {"start": "00:19:35", "end": "00:19:39", "text": "their their Bitcoin ETF. Obviously"}, {"start": "00:19:37", "end": "00:19:41", "text": "depends what you trade, depends on what"}, {"start": "00:19:39", "end": "00:19:44", "text": "you do. But uh it's a warning to"}, {"start": "00:19:41", "end": "00:19:46", "text": "everyone who is using Ledger and"}, {"start": "00:19:44", "end": "00:19:50", "text": "recently bought it. Be careful. Be"}, {"start": "00:19:46", "end": "00:19:53", "text": "careful. So uh speaking about AI guys,"}, {"start": "00:19:50", "end": "00:19:56", "text": "I think the society is going to change"}, {"start": "00:19:53", "end": "00:19:58", "text": "so much in the coming uh uh months in"}, {"start": "00:19:56", "end": "00:20:01", "text": "the coming quarters is going to change"}, {"start": "00:19:58", "end": "00:20:05", "text": "so much. That's why we speak so a lot"}, {"start": "00:20:01", "end": "00:20:07", "text": "about uh um being an owner of assets."}, {"start": "00:20:05", "end": "00:20:08", "text": "You know bull mining is all about"}, {"start": "00:20:07", "end": "00:20:11", "text": "understanding the markets. Understanding"}, {"start": "00:20:08", "end": "00:20:13", "text": "the markets so you understand u how"}, {"start": "00:20:11", "end": "00:20:15", "text": "markets move. All assets are trading on"}, {"start": "00:20:13", "end": "00:20:18", "text": "the market. Okay. So if you want to be"}, {"start": "00:20:15", "end": "00:20:20", "text": "owner of assets, you need to be in"}, {"start": "00:20:18", "end": "00:20:21", "text": "understanding how the market moves, how"}, {"start": "00:20:20", "end": "00:20:23", "text": "to read the chart, how to understand"}, {"start": "00:20:21", "end": "00:20:25", "text": "whether something is bullish or bearish"}, {"start": "00:20:23", "end": "00:20:27", "text": "and so forth. So it's very important as"}, {"start": "00:20:25", "end": "00:20:29", "text": "soon as possible that you start owning"}, {"start": "00:20:27", "end": "00:20:32", "text": "assets whether it's crypto, whether it"}, {"start": "00:20:29", "end": "00:20:35", "text": "is stocks, assets, assets because AI is"}, {"start": "00:20:32", "end": "00:20:37", "text": "changing everything so fast. We're going"}, {"start": "00:20:35", "end": "00:20:39", "text": "to have civil unrest in many countries"}, {"start": "00:20:37", "end": "00:20:41", "text": "very soon because they have no job. They"}, {"start": "00:20:39", "end": "00:20:44", "text": "have no job. Now, it is interesting to"}, {"start": "00:20:41", "end": "00:20:47", "text": "me that in the UK,"}, {"start": "00:20:44", "end": "00:20:51", "text": "civil servants will vote next week on"}, {"start": "00:20:47", "end": "00:20:56", "text": "whether to strike for a 4 day work week"}, {"start": "00:20:51", "end": "00:20:58", "text": "on full pay and a 10% rise. Oh, what's"}, {"start": "00:20:56", "end": "00:21:01", "text": "happening you guys? You know, it blows"}, {"start": "00:20:58", "end": "00:21:04", "text": "my anything a civil servant does, I"}, {"start": "00:21:01", "end": "00:21:05", "text": "mean, with all due respect, AI can do. I"}, {"start": "00:21:04", "end": "00:21:07", "text": "love civil servants. They're great"}, {"start": "00:21:05", "end": "00:21:11", "text": "people. Honest people, great guys. I"}, {"start": "00:21:07", "end": "00:21:15", "text": "mean most of them but honestly paper"}, {"start": "00:21:11", "end": "00:21:18", "text": "pushing that they do man AI can do it."}, {"start": "00:21:15", "end": "00:21:20", "text": "AI can do it but AI will not have a"}, {"start": "00:21:18", "end": "00:21:23", "text": "queue. It's not going to have a rundown"}, {"start": "00:21:20", "end": "00:21:26", "text": "building you have to sit in and be wait"}, {"start": "00:21:23", "end": "00:21:28", "text": "for in the queue. It's not going to have"}, {"start": "00:21:26", "end": "00:21:32", "text": "vacation and close on bank holiday and"}, {"start": "00:21:28", "end": "00:21:35", "text": "and out on lunch. Okay. Uh and so many"}, {"start": "00:21:32", "end": "00:21:38", "text": "different other things. So civil"}, {"start": "00:21:35", "end": "00:21:39", "text": "servants in the UK, they want 4 day work"}, {"start": "00:21:38", "end": "00:21:40", "text": "week. I mean nowadays, you know, you"}, {"start": "00:21:39", "end": "00:21:42", "text": "want to get something done with the"}, {"start": "00:21:40", "end": "00:21:44", "text": "government in most countries. It's"}, {"start": "00:21:42", "end": "00:21:46", "text": "already slow. It's already barely works."}, {"start": "00:21:44", "end": "00:21:48", "text": "It's already nerve-wracking. And now"}, {"start": "00:21:46", "end": "00:21:51", "text": "they want to work even less. Civil"}, {"start": "00:21:48", "end": "00:21:54", "text": "servants. You know, you know what civil"}, {"start": "00:21:51", "end": "00:21:56", "text": "servant is? It's servant."}, {"start": "00:21:54", "end": "00:22:00", "text": "It's servant. You're servant to the"}, {"start": "00:21:56", "end": "00:22:03", "text": "citizen. What is servant? You serve."}, {"start": "00:22:00", "end": "00:22:06", "text": "Citizen needs something, you serve."}, {"start": "00:22:03", "end": "00:22:08", "text": "Season need something you serve."}, {"start": "00:22:06", "end": "00:22:10", "text": "Season need something you serve. You"}, {"start": "00:22:08", "end": "00:22:13", "text": "don't go. You don't go holiday. What"}, {"start": "00:22:10", "end": "00:22:15", "text": "holiday? You cannot serve on holiday."}, {"start": "00:22:13", "end": "00:22:18", "text": "You cannot serve. Where you going to buy"}, {"start": "00:22:15", "end": "00:22:19", "text": "holiday lunch? What lunch? Eat eat and"}, {"start": "00:22:18", "end": "00:22:22", "text": "desk."}, {"start": "00:22:19", "end": "00:22:26", "text": "What you got to eat? You got to you got"}, {"start": "00:22:22", "end": "00:22:28", "text": "to be serve servant. Serve. Okay. So"}, {"start": "00:22:26", "end": "00:22:30", "text": "what's the best servant?"}, {"start": "00:22:28", "end": "00:22:33", "text": "Oh, of course. I mean human need"}, {"start": "00:22:30", "end": "00:22:36", "text": "vacation. I'm totally fine. But you know"}, {"start": "00:22:33", "end": "00:22:38", "text": "what's the best servant? It's AI."}, {"start": "00:22:36", "end": "00:22:41", "text": "You cannot beat AI. I mean if you really"}, {"start": "00:22:38", "end": "00:22:44", "text": "look at the definition servant, how you"}, {"start": "00:22:41", "end": "00:22:48", "text": "going to beat AI? Because AI needs no"}, {"start": "00:22:44", "end": "00:22:51", "text": "lunch. So all of this and by the way UK"}, {"start": "00:22:48", "end": "00:22:54", "text": "together with France, they have massive"}, {"start": "00:22:51", "end": "00:22:56", "text": "debt and high bond yields, meaning that"}, {"start": "00:22:54", "end": "00:22:58", "text": "they need to cut expenses. The the"}, {"start": "00:22:56", "end": "00:23:00", "text": "financial markets don't give them money."}, {"start": "00:22:58", "end": "00:23:02", "text": "They're telling you you have too high"}, {"start": "00:23:00", "end": "00:23:04", "text": "cost, you have too high expenses, have"}, {"start": "00:23:02", "end": "00:23:07", "text": "less expense, have less expense as soon"}, {"start": "00:23:04", "end": "00:23:11", "text": "as possible. So, uh, at the end of the"}, {"start": "00:23:07", "end": "00:23:12", "text": "day, it's, uh,"}, {"start": "00:23:11", "end": "00:23:17", "text": "how how we going to get four hour for"}, {"start": "00:23:12", "end": "00:23:17", "text": "for work? How we going to get for work?"}, {"start": "00:23:18", "end": "00:23:26", "text": "Is it blows my mind? So, guys, you you"}, {"start": "00:23:20", "end": "00:23:28", "text": "need to be asset owner. Asset owner."}, {"start": "00:23:26", "end": "00:23:33", "text": "one exactly like Dab says one AI could"}, {"start": "00:23:28", "end": "00:23:36", "text": "replace 10,000 civil servants."}, {"start": "00:23:33", "end": "00:23:37", "text": "Okay. And it just highlights okay now"}, {"start": "00:23:36", "end": "00:23:39", "text": "it's civil servant by the way it's"}, {"start": "00:23:37", "end": "00:23:42", "text": "coming for everyone like eventually I"}, {"start": "00:23:39", "end": "00:23:43", "text": "mean I I will I be competing with AI I"}, {"start": "00:23:42", "end": "00:23:45", "text": "don't know I don't know guys I mean"}, {"start": "00:23:43", "end": "00:23:47", "text": "honestly I don't know that's why I'm"}, {"start": "00:23:45", "end": "00:23:49", "text": "here every day am I taking vacation 4"}, {"start": "00:23:47", "end": "00:23:51", "text": "day work week? know like man even I"}, {"start": "00:23:49", "end": "00:23:54", "text": "don't have four day four four day work"}, {"start": "00:23:51", "end": "00:23:58", "text": "week you understand"}, {"start": "00:23:54", "end": "00:24:00", "text": "I'm here Monday Friday"}, {"start": "00:23:58", "end": "00:24:02", "text": "these bastards want four day you"}, {"start": "00:24:00", "end": "00:24:05", "text": "understand I work all the day to serve"}, {"start": "00:24:02", "end": "00:24:08", "text": "you guys I'm your servant do I have bank"}, {"start": "00:24:05", "end": "00:24:12", "text": "holiday no"}, {"start": "00:24:08", "end": "00:24:15", "text": "you understand or you don't understand"}, {"start": "00:24:12", "end": "00:24:16", "text": "now there is a way guys where we could"}, {"start": "00:24:15", "end": "00:24:18", "text": "be"}, {"start": "00:24:16", "end": "00:24:21", "text": "uh you know Peter Cal is telling you to"}, {"start": "00:24:18", "end": "00:24:22", "text": "be more more uh less woke basically."}, {"start": "00:24:21", "end": "00:24:25", "text": "Look,"}, {"start": "00:24:22", "end": "00:24:27", "text": ">> it seems to me that you know the um the"}, {"start": "00:24:25", "end": "00:24:29", "text": "AI is quite good at the woke stuff and"}, {"start": "00:24:27", "end": "00:24:31", "text": "um it'll and and so you know if you want"}, {"start": "00:24:29", "end": "00:24:33", "text": "to if you want to be a successful actor,"}, {"start": "00:24:31", "end": "00:24:35", "text": "you should be maybe a little bit racist"}, {"start": "00:24:33", "end": "00:24:37", "text": "or a little bit sexist or just really"}, {"start": "00:24:35", "end": "00:24:40", "text": "funny. Uh and you you won't have any"}, {"start": "00:24:37", "end": "00:24:42", "text": "risk of the AI replacing you and then"}, {"start": "00:24:40", "end": "00:24:44", "text": "everybody else will get everybody else"}, {"start": "00:24:42", "end": "00:24:46", "text": "will get replaced. It seems to me that"}, {"start": "00:24:44", "end": "00:24:48", "text": ">> guys I mean I I don't know is that"}, {"start": "00:24:46", "end": "00:24:51", "text": "correct? Let me know. Thank you for your"}, {"start": "00:24:48", "end": "00:24:54", "text": "service. Good. Good."}, {"start": "00:24:51", "end": "00:24:56", "text": "Who is this? Sai Sai is saying thank you"}, {"start": "00:24:54", "end": "00:24:57", "text": "for your service. Thank you very much."}, {"start": "00:24:56", "end": "00:24:59", "text": "Thank you very much for thanking me for"}, {"start": "00:24:57", "end": "00:25:01", "text": "my service."}, {"start": "00:24:59", "end": "00:25:04", "text": "We have no for for four day work week"}, {"start": "00:25:01", "end": "00:25:06", "text": "here. We have no four day work week here"}, {"start": "00:25:04", "end": "00:25:08", "text": "whatsoever. So, so guys, moving on."}, {"start": "00:25:06", "end": "00:25:11", "text": "Moving on."}, {"start": "00:25:08", "end": "00:25:12", "text": "That's it. Basically, uh there's Let's"}, {"start": "00:25:11", "end": "00:25:14", "text": "see. Let me just go through all of the"}, {"start": "00:25:12", "end": "00:25:16", "text": "news. But it seems that the the news"}, {"start": "00:25:14", "end": "00:25:17", "text": "cycle is a bit slower now. So it's not"}, {"start": "00:25:16", "end": "00:25:19", "text": "like a massive news every day. Let's"}, {"start": "00:25:17", "end": "00:25:21", "text": "just see so we haven't missed something."}, {"start": "00:25:19", "end": "00:25:24", "text": "So Bitcoin is smashing higher. Good"}, {"start": "00:25:21", "end": "00:25:26", "text": "under but now but now back sailor bought"}, {"start": "00:25:24", "end": "00:25:29", "text": "ledger supply chain attack. Yes, cover"}, {"start": "00:25:26", "end": "00:25:30", "text": "that physical brand oil is volatile up"}, {"start": "00:25:29", "end": "00:25:33", "text": "and down. We don't worry about that"}, {"start": "00:25:30", "end": "00:25:36", "text": "because everything is bull trend. Um"}, {"start": "00:25:33", "end": "00:25:40", "text": "long swipe, short swipe, sailor bot, uh"}, {"start": "00:25:36", "end": "00:25:44", "text": "some coordinated dump."}, {"start": "00:25:40", "end": "00:25:49", "text": "Ledger Europe risk we discussed that"}, {"start": "00:25:44", "end": "00:25:49", "text": "uh some XRP treasury company."}, {"start": "00:25:50", "end": "00:25:53", "text": "Oh yeah, let's let's check this one"}, {"start": "00:25:52", "end": "00:25:55", "text": "about the bond yield. Everything bond"}, {"start": "00:25:53", "end": "00:25:56", "text": "relates is quite interesting. Now this"}, {"start": "00:25:55", "end": "00:25:59", "text": "hasn't happened since the tech bubble."}, {"start": "00:25:56", "end": "00:26:03", "text": "The Bloomberg US aggregate bond yield is"}, {"start": "00:25:59", "end": "00:26:07", "text": "now above the S&P 500 earnings yield."}, {"start": "00:26:03", "end": "00:26:09", "text": "The last time stocks lagged bond yields"}, {"start": "00:26:07", "end": "00:26:12", "text": "for the next decade. The last time"}, {"start": "00:26:09", "end": "00:26:13", "text": "stocks lag bonds the stocks lagged bonds"}, {"start": "00:26:12", "end": "00:26:16", "text": "for the next decade. So basically what"}, {"start": "00:26:13", "end": "00:26:20", "text": "this means is that"}, {"start": "00:26:16", "end": "00:26:25", "text": "it's now you get more return buying a"}, {"start": "00:26:20", "end": "00:26:27", "text": "bond than you get from S&P earnings."}, {"start": "00:26:25", "end": "00:26:30", "text": "Okay. I guess from dividends, earning"}, {"start": "00:26:27", "end": "00:26:35", "text": "yield, it's got to be dividend."}, {"start": "00:26:30", "end": "00:26:38", "text": "Uh basically S&P is very expensive."}, {"start": "00:26:35", "end": "00:26:40", "text": "Uh bonds very cheap because when yield"}, {"start": "00:26:38", "end": "00:26:42", "text": "is is high, it means that bond is cheap."}, {"start": "00:26:40", "end": "00:26:45", "text": "When yield is low like in S&P, it means"}, {"start": "00:26:42", "end": "00:26:47", "text": "S&P is expensive because in comparison"}, {"start": "00:26:45", "end": "00:26:50", "text": "to the asset price, the revenue it"}, {"start": "00:26:47", "end": "00:26:52", "text": "generates is low. And here in comparison"}, {"start": "00:26:50", "end": "00:26:54", "text": "to the asset price in the bond, the"}, {"start": "00:26:52", "end": "00:26:57", "text": "revenue generates is high. So the price"}, {"start": "00:26:54", "end": "00:26:59", "text": "is low for the asset."}, {"start": "00:26:57", "end": "00:27:01", "text": "Last time it happened, stocks lagged"}, {"start": "00:26:59", "end": "00:27:03", "text": "bonds for the next decade. Uh let's see"}, {"start": "00:27:01", "end": "00:27:06", "text": "guys, it is interesting, but at the same"}, {"start": "00:27:03", "end": "00:27:08", "text": "time, man, it's freaking Like"}, {"start": "00:27:06", "end": "00:27:11", "text": "I don't worry too much about that."}, {"start": "00:27:08", "end": "00:27:13", "text": "There's always a chart from 19 this and"}, {"start": "00:27:11", "end": "00:27:15", "text": "that from tech bubble. I don't know how"}, {"start": "00:27:13", "end": "00:27:16", "text": "many times during the last decade stock"}, {"start": "00:27:15", "end": "00:27:18", "text": "market has been compared to the tech"}, {"start": "00:27:16", "end": "00:27:21", "text": "bubble that is so overvalued, so bad,"}, {"start": "00:27:18", "end": "00:27:23", "text": "and then just keeps going higher. So I"}, {"start": "00:27:21", "end": "00:27:25", "text": "don't worry too much. We literally now"}, {"start": "00:27:23", "end": "00:27:27", "text": "went to new alltime highs. It's the"}, {"start": "00:27:25", "end": "00:27:29", "text": "highest weekly close ever. So, it can"}, {"start": "00:27:27", "end": "00:27:32", "text": "still go a long way before it collapses"}, {"start": "00:27:29", "end": "00:27:36", "text": "or something happens. NASDAQ very"}, {"start": "00:27:32", "end": "00:27:38", "text": "similar. Um, we do have our flip level"}, {"start": "00:27:36", "end": "00:27:41", "text": "which is now at the same level it was"}, {"start": "00:27:38", "end": "00:27:43", "text": "back in September. So, you know, it's"}, {"start": "00:27:41", "end": "00:27:45", "text": "not like it's going to be a big loss to"}, {"start": "00:27:43", "end": "00:27:46", "text": "see it flip flip bearish. If it flips"}, {"start": "00:27:45", "end": "00:27:47", "text": "bearish, we're going to know it. We're"}, {"start": "00:27:46", "end": "00:27:50", "text": "going to know it. So, that's that, guys."}, {"start": "00:27:47", "end": "00:27:52", "text": "Let's go to Q&A."}, {"start": "00:27:50", "end": "00:27:55", "text": "big big big big"}, {"start": "00:27:52", "end": "00:27:57", "text": "uh shout out to everyone."}, {"start": "00:27:55", "end": "00:27:59", "text": "Yeah, it's got to be the average uh"}, {"start": "00:27:57", "end": "00:28:00", "text": "growth. Exactly. Exactly. Like Jonathan"}, {"start": "00:27:59", "end": "00:28:03", "text": "is saying, it's got to be the average"}, {"start": "00:28:00", "end": "00:28:06", "text": "growth in S&P. Yeah."}, {"start": "00:28:03", "end": "00:28:10", "text": "Let me actually ask uh AI what what it"}, {"start": "00:28:06", "end": "00:28:12", "text": "means with earnings. It's got to be I"}, {"start": "00:28:10", "end": "00:28:16", "text": "mean S&P earning it's it but it cannot"}, {"start": "00:28:12", "end": "00:28:17", "text": "be it cannot be the growth uh S&P 500"}, {"start": "00:28:16", "end": "00:28:21", "text": "earnings"}, {"start": "00:28:17", "end": "00:28:24", "text": "yield diving"}, {"start": "00:28:21", "end": "00:28:27", "text": "because earnings yield is the index"}, {"start": "00:28:24", "end": "00:28:29", "text": "aggregate earnings per share divided by"}, {"start": "00:28:27", "end": "00:28:31", "text": "it. Okay. So just earnings. Yeah. Okay."}, {"start": "00:28:29", "end": "00:28:32", "text": "So just looking at the earnings per"}, {"start": "00:28:31", "end": "00:28:35", "text": "share. Yeah. It's earnings per share."}, {"start": "00:28:32", "end": "00:28:40", "text": "Yeah. So it's not the growth in the in"}, {"start": "00:28:35", "end": "00:28:42", "text": "the stock. It's also not dividend. It is"}, {"start": "00:28:40", "end": "00:28:45", "text": "uh ah sorry it's earning per share in"}, {"start": "00:28:42", "end": "00:28:50", "text": "comparison to the price exactly earning"}, {"start": "00:28:45", "end": "00:28:50", "text": "per share compared to the price."}, {"start": "00:28:52", "end": "00:28:57", "text": "So basically the price is very high for"}, {"start": "00:28:54", "end": "00:28:59", "text": "S&P earning per share is low in"}, {"start": "00:28:57", "end": "00:29:00", "text": "comparison to the price. So S&P is like"}, {"start": "00:28:59", "end": "00:29:05", "text": "the conclusion is the same S&P is"}, {"start": "00:29:00", "end": "00:29:07", "text": "expensive versus bond. bond is"}, {"start": "00:29:05", "end": "00:29:09", "text": "low price which means that the yield it"}, {"start": "00:29:07", "end": "00:29:11", "text": "gives is is big in comparison to the"}, {"start": "00:29:09", "end": "00:29:14", "text": "price."}, {"start": "00:29:11", "end": "00:29:18", "text": "That's that guys. I have to go in seven"}, {"start": "00:29:14", "end": "00:29:20", "text": "minutes. Uh so let's go fast Q&A before"}, {"start": "00:29:18", "end": "00:29:22", "text": "you think about great questions. Booming"}, {"start": "00:29:20", "end": "00:29:25", "text": "newsletter very important everyone go"}, {"start": "00:29:22", "end": "00:29:26", "text": "there right now. Whenever there's volat"}, {"start": "00:29:25", "end": "00:29:28", "text": "volatility in the market we tell you"}, {"start": "00:29:26", "end": "00:29:30", "text": "what's happening in real time. That's"}, {"start": "00:29:28", "end": "00:29:32", "text": "number one. And if you have more than"}, {"start": "00:29:30", "end": "00:29:35", "text": "100 uh K in your portfolio then sign up"}, {"start": "00:29:32", "end": "00:29:37", "text": "for the bullmania weight list because"}, {"start": "00:29:35", "end": "00:29:40", "text": "we're going to release the new cohort in"}, {"start": "00:29:37", "end": "00:29:42", "text": "the coming uh week or so. And the new"}, {"start": "00:29:40", "end": "00:29:43", "text": "cohort will need to have 100k plus"}, {"start": "00:29:42", "end": "00:29:45", "text": "portfolio because the demand for bulman"}, {"start": "00:29:43", "end": "00:29:47", "text": "is so high like we need to we need to"}, {"start": "00:29:45", "end": "00:29:50", "text": "put a bit of uh some some kind of"}, {"start": "00:29:47", "end": "00:29:54", "text": "restrict some kind of restriction. So if"}, {"start": "00:29:50", "end": "00:29:55", "text": "you have 100k go there and uh also our"}, {"start": "00:29:54", "end": "00:29:58", "text": "whole service it's is going to be"}, {"start": "00:29:55", "end": "00:30:01", "text": "adapted more towards those that have"}, {"start": "00:29:58", "end": "00:30:02", "text": "100k plus as uh the strategies work like"}, {"start": "00:30:01", "end": "00:30:04", "text": "everything works better when you have"}, {"start": "00:30:02", "end": "00:30:06", "text": "100k plus like the the life is more"}, {"start": "00:30:04", "end": "00:30:09", "text": "colorful. Everything works better when"}, {"start": "00:30:06", "end": "00:30:12", "text": "you have 100k plus. We just see that it"}, {"start": "00:30:09", "end": "00:30:14", "text": "is where you have the biggest result."}, {"start": "00:30:12", "end": "00:30:15", "text": "You can be more calm in the market"}, {"start": "00:30:14", "end": "00:30:18", "text": "before 100k."}, {"start": "00:30:15", "end": "00:30:19", "text": "You need to collect, you need to work,"}, {"start": "00:30:18", "end": "00:30:22", "text": "double job, triple job, like just have"}, {"start": "00:30:19", "end": "00:30:23", "text": "your savings. Of course, you can also"}, {"start": "00:30:22", "end": "00:30:26", "text": "trade. It's totally fine. It's totally"}, {"start": "00:30:23", "end": "00:30:28", "text": "fine. That's why go to the newsletter"}, {"start": "00:30:26", "end": "00:30:32", "text": "here where this one is free. Free"}, {"start": "00:30:28", "end": "00:30:32", "text": "newsletter on bullmay.comsubscribe."}, {"start": "00:30:32", "end": "00:30:39", "text": "There you go. U"}, {"start": "00:30:35", "end": "00:30:39", "text": "So, let's go to Q&A, guys."}, {"start": "00:30:40", "end": "00:30:46", "text": "Is it okay to invest in land commercial"}, {"start": "00:30:43", "end": "00:30:48", "text": "property like factory or shop? It is"}, {"start": "00:30:46", "end": "00:30:50", "text": "hard to say. I mean technically yes but"}, {"start": "00:30:48", "end": "00:30:52", "text": "u"}, {"start": "00:30:50", "end": "00:30:56", "text": "I I I personally don't like that. Why?"}, {"start": "00:30:52", "end": "00:30:57", "text": "Because I need a lot of knowledge about"}, {"start": "00:30:56", "end": "00:30:59", "text": "that and I don't have it. So I have no"}, {"start": "00:30:57", "end": "00:31:02", "text": "clue. Commercial land you know you need"}, {"start": "00:30:59", "end": "00:31:05", "text": "to what is the permit? There is also,"}, {"start": "00:31:02", "end": "00:31:08", "text": "you know, the problem with this is"}, {"start": "00:31:05", "end": "00:31:11", "text": "there's some government guy and you have"}, {"start": "00:31:08", "end": "00:31:14", "text": "to lick his donut, you know, where"}, {"start": "00:31:11", "end": "00:31:17", "text": "potentially you have to do it. You know,"}, {"start": "00:31:14", "end": "00:31:18", "text": "there is a civil ser servant that you"}, {"start": "00:31:17", "end": "00:31:22", "text": "need to interact with. Like I don't like"}, {"start": "00:31:18", "end": "00:31:24", "text": "interacting with civil servants,"}, {"start": "00:31:22", "end": "00:31:26", "text": "you know, land. It just seems that you"}, {"start": "00:31:24", "end": "00:31:29", "text": "know people going to bug you with stuff,"}, {"start": "00:31:26", "end": "00:31:32", "text": "you know. It's like could be a political"}, {"start": "00:31:29", "end": "00:31:35", "text": "question also. If country really goes"}, {"start": "00:31:32", "end": "00:31:36", "text": "bad, they're going to ask who is this"}, {"start": "00:31:35", "end": "00:31:38", "text": "guy that owns this land? This land"}, {"start": "00:31:36", "end": "00:31:40", "text": "should be affordable housing. And you"}, {"start": "00:31:38", "end": "00:31:42", "text": "here trying to do your commercial. So"}, {"start": "00:31:40", "end": "00:31:45", "text": "listen, it it is an asset. It it is an"}, {"start": "00:31:42", "end": "00:31:48", "text": "asset. Maybe it's good asset. Uh, you"}, {"start": "00:31:45", "end": "00:31:50", "text": "need to study it. If you really"}, {"start": "00:31:48", "end": "00:31:51", "text": "understand what you're doing, fantastic."}, {"start": "00:31:50", "end": "00:31:54", "text": "Fantastic. Maybe it is good. Maybe I I"}, {"start": "00:31:51", "end": "00:31:57", "text": "just don't know it. I don't know it. And"}, {"start": "00:31:54", "end": "00:31:59", "text": "And the this thought of learning it"}, {"start": "00:31:57", "end": "00:32:01", "text": "makes me demotivated, which is fine."}, {"start": "00:31:59", "end": "00:32:04", "text": "Which is fine. I don't want I just I"}, {"start": "00:32:01", "end": "00:32:06", "text": "don't want to learn it."}, {"start": "00:32:04", "end": "00:32:09", "text": "Uh, I like more stuff when I'm at home"}, {"start": "00:32:06", "end": "00:32:12", "text": "at the computer, guys. I like more like"}, {"start": "00:32:09", "end": "00:32:15", "text": "that. I don't want you know get out go"}, {"start": "00:32:12", "end": "00:32:18", "text": "check where is this land the promised"}, {"start": "00:32:15", "end": "00:32:19", "text": "land where is the land"}, {"start": "00:32:18", "end": "00:32:21", "text": "uh"}, {"start": "00:32:19", "end": "00:32:23", "text": "I don't know I liked being at home in"}, {"start": "00:32:21", "end": "00:32:24", "text": "front of so I just understood that about"}, {"start": "00:32:23", "end": "00:32:27", "text": "myself I did have real estate in the"}, {"start": "00:32:24", "end": "00:32:31", "text": "past I I did not like it I don't like it"}, {"start": "00:32:27", "end": "00:32:33", "text": "I didn't like it I"}, {"start": "00:32:31", "end": "00:32:35", "text": "everything where there is some human"}, {"start": "00:32:33", "end": "00:32:38", "text": "involved you know some someone typing"}, {"start": "00:32:35", "end": "00:32:39", "text": "you stuff I don't like it you know my"}, {"start": "00:32:38", "end": "00:32:43", "text": "phone."}, {"start": "00:32:39", "end": "00:32:45", "text": "It's uh don't disturb all and I I answer"}, {"start": "00:32:43", "end": "00:32:48", "text": "no calls. You cannot call me literally."}, {"start": "00:32:45", "end": "00:32:50", "text": "That's why you know the the best scam uh"}, {"start": "00:32:48", "end": "00:32:52", "text": "protection just don't answer calls. Now"}, {"start": "00:32:50", "end": "00:32:56", "text": "the only thing so I I want to be in my"}, {"start": "00:32:52", "end": "00:32:58", "text": "computer and I want to work with uh with"}, {"start": "00:32:56", "end": "00:33:00", "text": "crypto with stocks with our community"}, {"start": "00:32:58", "end": "00:33:02", "text": "with Bull Mania. I love that. I love"}, {"start": "00:33:00", "end": "00:33:04", "text": "that. That that brings me satisfaction."}, {"start": "00:33:02", "end": "00:33:08", "text": "I've been doing that for 10 plus years."}, {"start": "00:33:04", "end": "00:33:12", "text": "Anything else? Someone calling. Someone"}, {"start": "00:33:08", "end": "00:33:15", "text": "Atlantis is calling. SOS for love."}, {"start": "00:33:12", "end": "00:33:19", "text": "Atlante. Don't call me. You're you."}, {"start": "00:33:15", "end": "00:33:22", "text": "Don't call me. Don't call me."}, {"start": "00:33:19", "end": "00:33:23", "text": "I hate when some someone really insists"}, {"start": "00:33:22", "end": "00:33:27", "text": "on calling. What? What do you want? I"}, {"start": "00:33:23", "end": "00:33:28", "text": "don't answer. Do It's impossible. If"}, {"start": "00:33:27", "end": "00:33:30", "text": "something If you really need something,"}, {"start": "00:33:28", "end": "00:33:31", "text": "email. You're going to find me. If you"}, {"start": "00:33:30", "end": "00:33:32", "text": "really need something, you're going to"}, {"start": "00:33:31", "end": "00:33:35", "text": "find me. You're going to find me in"}, {"start": "00:33:32", "end": "00:33:37", "text": "other channels. in other channels you're"}, {"start": "00:33:35", "end": "00:33:39", "text": "going to find. Now, if you want live,"}, {"start": "00:33:37", "end": "00:33:41", "text": "can't you buy some ETF? Can't you buy"}, {"start": "00:33:39", "end": "00:33:43", "text": "some, you know, in the money scanner in"}, {"start": "00:33:41", "end": "00:33:46", "text": "Bulmania? We have this software that,"}, {"start": "00:33:43", "end": "00:33:48", "text": "you know, scans everything. It's it's"}, {"start": "00:33:46", "end": "00:33:51", "text": "you can buy an ETF because here's the"}, {"start": "00:33:48", "end": "00:33:55", "text": "thing. If you don't buy an ETF, let's"}, {"start": "00:33:51", "end": "00:33:59", "text": "see, land. Is there like a land ETF?"}, {"start": "00:33:55", "end": "00:34:01", "text": "Ireland. Ah, no, it's like Ireland."}, {"start": "00:33:59", "end": "00:34:02", "text": "Let's see. Is there some ETF you could"}, {"start": "00:34:01", "end": "00:34:04", "text": "because you can see if ETFs are bullish"}, {"start": "00:34:02", "end": "00:34:05", "text": "and bearish, you can buy ETF instead."}, {"start": "00:34:04", "end": "00:34:07", "text": "Now, the only reason you would not buy"}, {"start": "00:34:05", "end": "00:34:08", "text": "an ETF is in case you think you're so"}, {"start": "00:34:07", "end": "00:34:10", "text": "smart that you can find something that"}, {"start": "00:34:08", "end": "00:34:12", "text": "will do better than just an ETF. You"}, {"start": "00:34:10", "end": "00:34:14", "text": "know, you find some undervalued gem or"}, {"start": "00:34:12", "end": "00:34:15", "text": "something. I mean, honestly, if you're"}, {"start": "00:34:14", "end": "00:34:19", "text": "good at it, maybe you can. Let's see."}, {"start": "00:34:15", "end": "00:34:22", "text": "Commercial land uh ETF. Let me see. Is"}, {"start": "00:34:19", "end": "00:34:26", "text": "there any"}, {"start": "00:34:22", "end": "00:34:28", "text": "commercial lands real estate?"}, {"start": "00:34:26", "end": "00:34:31", "text": "Oh, yeah. Here, here, here. Uh V and Q."}, {"start": "00:34:28", "end": "00:34:34", "text": "Let me see here. Here, here you can buy"}, {"start": "00:34:31", "end": "00:34:35", "text": "Vanguard real estate and and you don't"}, {"start": "00:34:34", "end": "00:34:38", "text": "have to worry too much. It's in a bare"}, {"start": "00:34:35", "end": "00:34:40", "text": "trend though, so be a bit careful. You"}, {"start": "00:34:38", "end": "00:34:41", "text": "have if you want it like check Vanguard"}, {"start": "00:34:40", "end": "00:34:44", "text": "real estate. It's going to give you your"}, {"start": "00:34:41", "end": "00:34:45", "text": "land or whatever."}, {"start": "00:34:44", "end": "00:34:48", "text": "If you are in Bulmania, use the money"}, {"start": "00:34:45", "end": "00:34:50", "text": "scanner to find ETFs"}, {"start": "00:34:48", "end": "00:34:52", "text": "for whatever use case you want. You can"}, {"start": "00:34:50", "end": "00:34:55", "text": "also click here. Look at this beauty."}, {"start": "00:34:52", "end": "00:34:57", "text": "You can click here."}, {"start": "00:34:55", "end": "00:35:00", "text": "You can ask AI anything about this"}, {"start": "00:34:57", "end": "00:35:02", "text": "thing. Ask bull mania AI man. So nice"}, {"start": "00:35:00", "end": "00:35:04", "text": "you know it's uh you can ask you know"}, {"start": "00:35:02", "end": "00:35:06", "text": "what what's saying on X what what is"}, {"start": "00:35:04", "end": "00:35:08", "text": "being said about it"}, {"start": "00:35:06", "end": "00:35:10", "text": "anything anything so if you want to do"}, {"start": "00:35:08", "end": "00:35:13", "text": "research you you can do it easily you"}, {"start": "00:35:10", "end": "00:35:17", "text": "can do it easily like this AI integrated"}, {"start": "00:35:13", "end": "00:35:19", "text": "that's the beauty so nice uh in case you"}, {"start": "00:35:17", "end": "00:35:23", "text": "see some hidden gem in your backyard"}, {"start": "00:35:19", "end": "00:35:26", "text": "maybe it makes sense but probably not"}, {"start": "00:35:23", "end": "00:35:27", "text": "you buy it who's gonna who's going to"}, {"start": "00:35:26", "end": "00:35:31", "text": "buy it from you I need to find buyer"}, {"start": "00:35:27", "end": "00:35:31", "text": "later if you want take I don't"}, {"start": "00:35:38", "end": "00:35:42", "text": "Oh yeah, look here. Look here, look"}, {"start": "00:35:39", "end": "00:35:42", "text": "here. Let's check it."}, {"start": "00:35:43", "end": "00:35:47", "text": "So, largest underpros in history, real"}, {"start": "00:35:45", "end": "00:35:50", "text": "estate stocks now underperforming the"}, {"start": "00:35:47", "end": "00:35:51", "text": "S&P. Exactly. Uh, real estate. So, it's"}, {"start": "00:35:50", "end": "00:35:54", "text": "not really good for real estate stuff,"}, {"start": "00:35:51", "end": "00:35:56", "text": "guys. Real estate it's been hit hard"}, {"start": "00:35:54", "end": "00:35:58", "text": "last five years with the interest rates"}, {"start": "00:35:56", "end": "00:35:59", "text": "and stuff"}, {"start": "00:35:58", "end": "00:36:01", "text": "but also can it could mean that it's"}, {"start": "00:35:59", "end": "00:36:04", "text": "cheap if you love that. It could mean"}, {"start": "00:36:01", "end": "00:36:04", "text": "that it's cheap."}, {"start": "00:36:05", "end": "00:36:13", "text": "Yeah. Rates financing hard etc."}, {"start": "00:36:10", "end": "00:36:15", "text": "Relative weakness. So just wait. Okay."}, {"start": "00:36:13", "end": "00:36:18", "text": "If you want, you can just see when"}, {"start": "00:36:15", "end": "00:36:22", "text": "Vanguard, this uh real estate thing goes"}, {"start": "00:36:18", "end": "00:36:23", "text": "bullish against SPY, S&P 500 and enter"}, {"start": "00:36:22", "end": "00:36:28", "text": "them. You cannot do it with your land."}, {"start": "00:36:23", "end": "00:36:28", "text": "That's the problem. Oh, yeah. Yeah."}, {"start": "00:36:30", "end": "00:36:37", "text": "Exactly. Send a text like a normal"}, {"start": "00:36:34", "end": "00:36:40", "text": "wife wife emailing about dinner at"}, {"start": "00:36:37", "end": "00:36:42", "text": "dinner. Exactly."}, {"start": "00:36:40", "end": "00:36:44", "text": "Exactly. Guys, thank you very much. Have"}, {"start": "00:36:42", "end": "00:36:46", "text": "a good day. Smash up the like,"}, {"start": "00:36:44", "end": "00:36:48", "text": "subscribe, subscribe, and have a good"}, {"start": "00:36:46", "end": "00:36:50", "text": "good day. Go to the newsletter. If you"}, {"start": "00:36:48", "end": "00:36:52", "text": "have 100k or more, go to bullmania"}, {"start": "00:36:50", "end": "00:36:54", "text": "weight list. Uh so we can work together"}, {"start": "00:36:52", "end": "00:36:56", "text": "and enjoy enjoy your Tuesday. Big shout"}, {"start": "00:36:54", "end": "00:36:58", "text": "out to Guzman and goodbye guys. Goodbye."}, {"start": "00:36:56", "end": "00:36:58", "text": "Good. Goodbye."}]

[{"start": "00:00:03", "end": "00:00:07", "text": "Oh yes. Oh yes. Oh yes. Guys, welcome to"}, {"start": "00:00:05", "end": "00:00:08", "text": "another episode. And as you can see"}, {"start": "00:00:07", "end": "00:00:11", "text": "right now, Bitcoin did something"}, {"start": "00:00:08", "end": "00:00:15", "text": "monumental. Absolutely monumental during"}, {"start": "00:00:11", "end": "00:00:18", "text": "the last 24 hours. We did close above"}, {"start": "00:00:15", "end": "00:00:20", "text": "the previous May high. It was used as"}, {"start": "00:00:18", "end": "00:00:23", "text": "support. And this is the most bullish"}, {"start": "00:00:20", "end": "00:00:25", "text": "scenario that is unfolding at least this"}, {"start": "00:00:23", "end": "00:00:26", "text": "far. You remember last week we discussed"}, {"start": "00:00:25", "end": "00:00:28", "text": "what is the most bullish scenario? Is it"}, {"start": "00:00:26", "end": "00:00:30", "text": "that we just keep mooning and going"}, {"start": "00:00:28", "end": "00:00:34", "text": "higher and higher? No, because if you"}, {"start": "00:00:30", "end": "00:00:37", "text": "moon without any kind of small pullback,"}, {"start": "00:00:34", "end": "00:00:39", "text": "you don't build a base and uh the the"}, {"start": "00:00:37", "end": "00:00:42", "text": "moon normally stops very quickly. If you"}, {"start": "00:00:39", "end": "00:00:44", "text": "want a sustained moon, you want a nice"}, {"start": "00:00:42", "end": "00:00:47", "text": "bull market, you want to occasionally"}, {"start": "00:00:44", "end": "00:00:49", "text": "come back and just to confirm the"}, {"start": "00:00:47", "end": "00:00:53", "text": "previous breakout, touch touch the"}, {"start": "00:00:49", "end": "00:00:55", "text": "previous uh resistance. you break it and"}, {"start": "00:00:53", "end": "00:00:57", "text": "then to confirm this breakout, you just"}, {"start": "00:00:55", "end": "00:01:00", "text": "touch the previous resistance which is"}, {"start": "00:00:57", "end": "00:01:03", "text": "now support and then bam explode to the"}, {"start": "00:01:00", "end": "00:01:05", "text": "upside. This is the most optimal path"}, {"start": "00:01:03", "end": "00:01:09", "text": "for any kind of asset that wants a"}, {"start": "00:01:05", "end": "00:01:11", "text": "sustained fantastic long bull market"}, {"start": "00:01:09", "end": "00:01:13", "text": "that you take a small pause you go"}, {"start": "00:01:11", "end": "00:01:15", "text": "further. You take a small pause you go"}, {"start": "00:01:13", "end": "00:01:18", "text": "further. Should we have just explosion"}, {"start": "00:01:15", "end": "00:01:20", "text": "to 100k? You understand? We may have a"}, {"start": "00:01:18", "end": "00:01:22", "text": "situation like in 2019 this is the"}, {"start": "00:01:20", "end": "00:01:24", "text": "problem. You remember here, this was"}, {"start": "00:01:22", "end": "00:01:25", "text": "already so long ago. Holy crap, guys."}, {"start": "00:01:24", "end": "00:01:29", "text": "We're getting old. But you remember"}, {"start": "00:01:25", "end": "00:01:30", "text": "here, we had an crazy explosion. It was"}, {"start": "00:01:29", "end": "00:01:32", "text": "just green, green, green, green, green."}, {"start": "00:01:30", "end": "00:01:36", "text": "Very few pullbacks and then it collapsed"}, {"start": "00:01:32", "end": "00:01:39", "text": "and we actually went to uh 3K, 3.8K. We"}, {"start": "00:01:36", "end": "00:01:42", "text": "went very fast to 14K and then back to"}, {"start": "00:01:39", "end": "00:01:44", "text": "3K with the COVID and everything. So, we"}, {"start": "00:01:42", "end": "00:01:48", "text": "don't want that. Instead, we want very"}, {"start": "00:01:44", "end": "00:01:51", "text": "nice, very controlled ascent so that we"}, {"start": "00:01:48", "end": "00:01:53", "text": "don't have a flash in the pan kind of"}, {"start": "00:01:51", "end": "00:01:56", "text": "situation. So, this far is good. We've"}, {"start": "00:01:53", "end": "00:01:57", "text": "had three green weeks, one red. Now, if"}, {"start": "00:01:56", "end": "00:01:59", "text": "we have another green, it will be"}, {"start": "00:01:57", "end": "00:02:01", "text": "fantastic. And of course the target now"}, {"start": "00:01:59", "end": "00:02:02", "text": "I mean the target for us that uh we need"}, {"start": "00:02:01", "end": "00:02:05", "text": "to break is just go above the the"}, {"start": "00:02:02", "end": "00:02:08", "text": "previous highs here at 87 the previous"}, {"start": "00:02:05", "end": "00:02:11", "text": "cycle highs at 87 and then go towards"}, {"start": "00:02:08", "end": "00:02:13", "text": "100k which is very likely in my humble"}, {"start": "00:02:11", "end": "00:02:15", "text": "opinion to happen in the coming weeks."}, {"start": "00:02:13", "end": "00:02:16", "text": "Obviously everything is probability."}, {"start": "00:02:15", "end": "00:02:18", "text": "Obviously everything is possible."}, {"start": "00:02:16", "end": "00:02:21", "text": "Obviously here's a big fat disclaimer"}, {"start": "00:02:18", "end": "00:02:23", "text": "for all of you plebbe who think that"}, {"start": "00:02:21", "end": "00:02:25", "text": "there is any certainty. Nothing is"}, {"start": "00:02:23", "end": "00:02:26", "text": "financial advice. I mean people with"}, {"start": "00:02:25", "end": "00:02:29", "text": "money normally understand it. It's"}, {"start": "00:02:26", "end": "00:02:31", "text": "normally the poor poor plebbe who is"}, {"start": "00:02:29", "end": "00:02:33", "text": "shocked who shocked. He thought that"}, {"start": "00:02:31", "end": "00:02:35", "text": "Ivan would tell exactly exact exact"}, {"start": "00:02:33", "end": "00:02:38", "text": "everything and there is no risk. There"}, {"start": "00:02:35", "end": "00:02:41", "text": "is always risk. For all I know you may"}, {"start": "00:02:38", "end": "00:02:44", "text": "lose all your money. all your money you"}, {"start": "00:02:41", "end": "00:02:47", "text": "may lose very quickly. The playby is at"}, {"start": "00:02:44", "end": "00:02:50", "text": "a big risk because his biggest enemy is"}, {"start": "00:02:47", "end": "00:02:52", "text": "his own brain. Disclaimer, very"}, {"start": "00:02:50", "end": "00:02:54", "text": "important. And uh yeah, all in all,"}, {"start": "00:02:52", "end": "00:02:55", "text": "welcome everyone. It's Monday, Monday,"}, {"start": "00:02:54", "end": "00:02:58", "text": "Monday. What are we doing? Welcome"}, {"start": "00:02:55", "end": "00:02:59", "text": "everyone. Smash up the like. Subscribe"}, {"start": "00:02:58", "end": "00:03:02", "text": "as soon as possible. Here's another"}, {"start": "00:02:59", "end": "00:03:04", "text": "problem for the pleba. Bulmania is"}, {"start": "00:03:02", "end": "00:03:07", "text": "closed. And to join Bulmania once we"}, {"start": "00:03:04", "end": "00:03:08", "text": "open up, you will need 100K plus"}, {"start": "00:03:07", "end": "00:03:10", "text": "portfolio because the bull market is"}, {"start": "00:03:08", "end": "00:03:12", "text": "here. We are mooning higher and higher"}, {"start": "00:03:10", "end": "00:03:14", "text": "and we we have to we cannot we cannot"}, {"start": "00:03:12", "end": "00:03:17", "text": "let everyone I mean I say it is what it"}, {"start": "00:03:14", "end": "00:03:19", "text": "is and in a one way I'm a bit sad in"}, {"start": "00:03:17", "end": "00:03:22", "text": "another way it is the reality is the"}, {"start": "00:03:19", "end": "00:03:24", "text": "reality the we we cannot have endless"}, {"start": "00:03:22", "end": "00:03:26", "text": "member we cannot have endless resource"}, {"start": "00:03:24", "end": "00:03:30", "text": "so we are cutting we're cutting the"}, {"start": "00:03:26", "end": "00:03:32", "text": "bridge for the pleb rich become rich but"}, {"start": "00:03:30", "end": "00:03:34", "text": "the pleb I I've been telling you I've"}, {"start": "00:03:32", "end": "00:03:38", "text": "been telling the plebus to join bulmania"}, {"start": "00:03:34", "end": "00:03:40", "text": "before we we remove access before the"}, {"start": "00:03:38", "end": "00:03:42", "text": "price and Play by and say, \"Oh no, I'm"}, {"start": "00:03:40", "end": "00:03:44", "text": "going to wait for Halloween discount or"}, {"start": "00:03:42", "end": "00:03:45", "text": "whatever.\" Play Halloween discount. Ah,"}, {"start": "00:03:44", "end": "00:03:48", "text": "what is this? What is this? Guys,"}, {"start": "00:03:45", "end": "00:03:50", "text": "welcome everyone. Let's go as soon as"}, {"start": "00:03:48", "end": "00:03:51", "text": "soon as possible into the market."}, {"start": "00:03:50", "end": "00:03:52", "text": "Welcome on all the players. I mean,"}, {"start": "00:03:51", "end": "00:03:55", "text": "guys, we're all play in one way or"}, {"start": "00:03:52", "end": "00:03:57", "text": "another. I'm just joking. We're all pleb"}, {"start": "00:03:55", "end": "00:04:00", "text": "[laughter] in one way or another. I'm a"}, {"start": "00:03:57", "end": "00:04:03", "text": "play at many things."}, {"start": "00:04:00", "end": "00:04:06", "text": "Okay, so uh Bitcoin looking good, guys."}, {"start": "00:04:03", "end": "00:04:09", "text": "XRP. What's happening? XRP. Oh, XRP."}, {"start": "00:04:06", "end": "00:04:13", "text": "Look here. XRP"}, {"start": "00:04:09", "end": "00:04:15", "text": "uh bullish but but but there was a"}, {"start": "00:04:13", "end": "00:04:17", "text": "critical hack. Let me find it somewhere."}, {"start": "00:04:15", "end": "00:04:19", "text": "Where's this critical hack here? The"}, {"start": "00:04:17", "end": "00:04:21", "text": "biggest hack in crypto that never"}, {"start": "00:04:19", "end": "00:04:24", "text": "happened. Last month, our AA discovered"}, {"start": "00:04:21", "end": "00:04:27", "text": "a vulnerability that let anyone mint"}, {"start": "00:04:24", "end": "00:04:30", "text": "indefinite infinite tokens on XRP also"}, {"start": "00:04:27", "end": "00:04:31", "text": "indefinitely. I guess XRP is the fifth"}, {"start": "00:04:30", "end": "00:04:34", "text": "largest cryptocurrency bigger than"}, {"start": "00:04:31", "end": "00:04:37", "text": "Solana and USDC. and you basically had"}, {"start": "00:04:34", "end": "00:04:40", "text": "the entire market cap at risk should"}, {"start": "00:04:37", "end": "00:04:42", "text": "this bug have been exploited. XRP"}, {"start": "00:04:40", "end": "00:04:46", "text": "launched with a fixed supply of 100"}, {"start": "00:04:42", "end": "00:04:48", "text": "billion tokens. You can't mine or stake"}, {"start": "00:04:46", "end": "00:04:50", "text": "on the network and each transactions"}, {"start": "00:04:48", "end": "00:04:53", "text": "burns a small fee yada yada. The bug we"}, {"start": "00:04:50", "end": "00:04:56", "text": "found allowed any unauthenticated"}, {"start": "00:04:53", "end": "00:04:58", "text": "attacker to create 18 trillion XRP with"}, {"start": "00:04:56", "end": "00:05:02", "text": "a single transaction. Guys, this is the"}, {"start": "00:04:58", "end": "00:05:04", "text": "problem. This is the problem."}, {"start": "00:05:02", "end": "00:05:07", "text": "184 times the supply. This puts the full"}, {"start": "00:05:04", "end": "00:05:09", "text": "94 billion at risk. More than 60 times"}, {"start": "00:05:07", "end": "00:05:11", "text": "the largest crypto hack uh on record."}, {"start": "00:05:09", "end": "00:05:13", "text": "And this is a decade old bug. This is"}, {"start": "00:05:11", "end": "00:05:14", "text": "the problem with AI guys. I mean XRP is"}, {"start": "00:05:13", "end": "00:05:18", "text": "one example, but there are many examples"}, {"start": "00:05:14", "end": "00:05:21", "text": "now where AI is going absolutely"}, {"start": "00:05:18", "end": "00:05:24", "text": "bonkers. Absolutely absolutely bonkers."}, {"start": "00:05:21", "end": "00:05:26", "text": "The AI now is copying Photoshop. You"}, {"start": "00:05:24", "end": "00:05:27", "text": "guys have probably seen it that during"}, {"start": "00:05:26", "end": "00:05:30", "text": "the last days, especially if you've been"}, {"start": "00:05:27", "end": "00:05:31", "text": "on Twitter, you've seen all of these AI"}, {"start": "00:05:30", "end": "00:05:33", "text": "[clears throat] vibecoded versions of,"}, {"start": "00:05:31", "end": "00:05:36", "text": "for example, Photoshop, for example,"}, {"start": "00:05:33", "end": "00:05:39", "text": "After Effects, and many others that are"}, {"start": "00:05:36", "end": "00:05:42", "text": "very good. Like literally, there are"}, {"start": "00:05:39", "end": "00:05:44", "text": "guys, dudes in the basement copying"}, {"start": "00:05:42", "end": "00:05:47", "text": "entire products for billiondoll"}, {"start": "00:05:44", "end": "00:05:49", "text": "companies. And especially if you are not"}, {"start": "00:05:47", "end": "00:05:52", "text": "a SAS, uh you're just, you know, like an"}, {"start": "00:05:49", "end": "00:05:55", "text": "app, uh you're in big big danger. For"}, {"start": "00:05:52", "end": "00:05:56", "text": "example, Photoshop. Now, if you the SAS"}, {"start": "00:05:55", "end": "00:05:58", "text": "companies, let's say HubSpots and more"}, {"start": "00:05:56", "end": "00:06:00", "text": "of this like CRM business stuff, it's a"}, {"start": "00:05:58", "end": "00:06:02", "text": "bit different. They have a bit of a"}, {"start": "00:06:00", "end": "00:06:06", "text": "mode, but not for long, man. Not for"}, {"start": "00:06:02", "end": "00:06:09", "text": "long. Not for long. So, oh no, if you"}, {"start": "00:06:06", "end": "00:06:11", "text": "search for Artcraft, Artcraft, you're"}, {"start": "00:06:09", "end": "00:06:14", "text": "going to see this guy uh basically"}, {"start": "00:06:11", "end": "00:06:17", "text": "creating all of the copies."}, {"start": "00:06:14", "end": "00:06:20", "text": "launches also word Microsoft Word"}, {"start": "00:06:17", "end": "00:06:24", "text": "wrecked um all of the Microsoft stuff"}, {"start": "00:06:20", "end": "00:06:29", "text": "he's copying and all of the all of the"}, {"start": "00:06:24", "end": "00:06:30", "text": "Adobe stuff he's also uh also copying so"}, {"start": "00:06:29", "end": "00:06:33", "text": "this crazy guys it's crazy so we have"}, {"start": "00:06:30", "end": "00:06:35", "text": "the IP basically this notion of IP in"}, {"start": "00:06:33", "end": "00:06:38", "text": "software disappearing that's number one"}, {"start": "00:06:35", "end": "00:06:40", "text": "number two you have this by the way this"}, {"start": "00:06:38", "end": "00:06:43", "text": "how it looks like photocraft vectorcraft"}, {"start": "00:06:40", "end": "00:06:44", "text": "this is this is Premiere Pro um I"}, {"start": "00:06:43", "end": "00:06:46", "text": "haven't tried myself Well guys, please"}, {"start": "00:06:44", "end": "00:06:48", "text": "try it. Can can all of you guys"}, {"start": "00:06:46", "end": "00:06:50", "text": "creatives in the comment section tell us"}, {"start": "00:06:48", "end": "00:06:51", "text": "is this good? Because I saw a few"}, {"start": "00:06:50", "end": "00:06:53", "text": "YouTube videos on this and it seemed"}, {"start": "00:06:51", "end": "00:06:55", "text": "very good. I saw a guy comparing"}, {"start": "00:06:53", "end": "00:06:58", "text": "Photograph to Photoshop. It was very"}, {"start": "00:06:55", "end": "00:07:00", "text": "good. Uh vectorcraft like all of this is"}, {"start": "00:06:58", "end": "00:07:04", "text": "vibe coded and basically the way it"}, {"start": "00:07:00", "end": "00:07:06", "text": "works is that the AI sees the app and"}, {"start": "00:07:04", "end": "00:07:08", "text": "the AI goes into a loop implementing it."}, {"start": "00:07:06", "end": "00:07:10", "text": "So you just give AI the app. Hey, here's"}, {"start": "00:07:08", "end": "00:07:12", "text": "Photoshop. Copy it. It doesn't even have"}, {"start": "00:07:10", "end": "00:07:15", "text": "to reverse engineer it. It just looks at"}, {"start": "00:07:12", "end": "00:07:16", "text": "the features and takes one takes one"}, {"start": "00:07:15", "end": "00:07:19", "text": "step at a time and then goes into this"}, {"start": "00:07:16", "end": "00:07:21", "text": "loop where it can run for days. All of"}, {"start": "00:07:19", "end": "00:07:24", "text": "you who have been vioding seriously, you"}, {"start": "00:07:21", "end": "00:07:25", "text": "know about loops and it can be there and"}, {"start": "00:07:24", "end": "00:07:27", "text": "you know within five days it has"}, {"start": "00:07:25", "end": "00:07:30", "text": "something that is very similar if not"}, {"start": "00:07:27", "end": "00:07:33", "text": "exact. So that's when it comes to IP but"}, {"start": "00:07:30", "end": "00:07:34", "text": "also on the other hand the same loops"}, {"start": "00:07:33", "end": "00:07:37", "text": "can obviously be used to find"}, {"start": "00:07:34", "end": "00:07:39", "text": "vulnerabilities and XRP is one example"}, {"start": "00:07:37", "end": "00:07:42", "text": "and the many different chains are at a"}, {"start": "00:07:39", "end": "00:07:43", "text": "big big risk of AI hacking and you have"}, {"start": "00:07:42", "end": "00:07:45", "text": "to be extremely careful. You have to be"}, {"start": "00:07:43", "end": "00:07:48", "text": "extremely extremely careful. Of course,"}, {"start": "00:07:45", "end": "00:07:52", "text": "the chains, the crypto projects can use"}, {"start": "00:07:48", "end": "00:07:54", "text": "AI now to defend themselves to look for"}, {"start": "00:07:52", "end": "00:07:56", "text": "vulnerabilities faster, but I think"}, {"start": "00:07:54", "end": "00:07:57", "text": "we're going to see a lot of this hacks,"}, {"start": "00:07:56", "end": "00:07:59", "text": "guys. Like in DeFi especially, we're"}, {"start": "00:07:57", "end": "00:08:01", "text": "going to see a lot of the hacks. Uh"}, {"start": "00:07:59", "end": "00:08:03", "text": "central exchanges have to be super"}, {"start": "00:08:01", "end": "00:08:05", "text": "careful. Super careful. But at the same"}, {"start": "00:08:03", "end": "00:08:07", "text": "time, there are no industries that are"}, {"start": "00:08:05", "end": "00:08:10", "text": "risk-free. We are in an industry where"}, {"start": "00:08:07", "end": "00:08:12", "text": "hacks are a problem. They may become an"}, {"start": "00:08:10", "end": "00:08:15", "text": "even bigger problem now with AI. I mean"}, {"start": "00:08:12", "end": "00:08:17", "text": "we may even lose uh encryption as we've"}, {"start": "00:08:15", "end": "00:08:19", "text": "been speaking during the last last week."}, {"start": "00:08:17", "end": "00:08:20", "text": "At the same time there there are no"}, {"start": "00:08:19", "end": "00:08:22", "text": "industries with zero risk absolutely"}, {"start": "00:08:20", "end": "00:08:24", "text": "zero risk. So it's all about where you"}, {"start": "00:08:22", "end": "00:08:26", "text": "where you put your risk where you decide"}, {"start": "00:08:24", "end": "00:08:29", "text": "to engage what kind of industries you"}, {"start": "00:08:26", "end": "00:08:32", "text": "decide to be part of. So just uh use"}, {"start": "00:08:29", "end": "00:08:35", "text": "your brain for example uh looking at"}, {"start": "00:08:32", "end": "00:08:38", "text": "defi personally I'm not using defi like"}, {"start": "00:08:35", "end": "00:08:39", "text": "for getting some yield some small yield"}, {"start": "00:08:38", "end": "00:08:41", "text": "because you never know with the smart"}, {"start": "00:08:39", "end": "00:08:42", "text": "contracts. You just never know with the"}, {"start": "00:08:41", "end": "00:08:45", "text": "smart contracts if it's good, if it's"}, {"start": "00:08:42", "end": "00:08:47", "text": "stable, it's going to be hacked or it's"}, {"start": "00:08:45", "end": "00:08:48", "text": "one small example where I choose not to"}, {"start": "00:08:47", "end": "00:08:51", "text": "chase, you know, a few percent here and"}, {"start": "00:08:48", "end": "00:08:53", "text": "there by using DeFi. Um, it's not for"}, {"start": "00:08:51", "end": "00:08:57", "text": "me. It's not for me. What do I get back?"}, {"start": "00:08:53", "end": "00:09:00", "text": "I get a few percent. What do I risk? AI"}, {"start": "00:08:57", "end": "00:09:02", "text": "getting taking the money. Even XRP that"}, {"start": "00:09:00", "end": "00:09:04", "text": "has been around for so long, they have"}, {"start": "00:09:02", "end": "00:09:06", "text": "issues. They have issues. So, yeah,"}, {"start": "00:09:04", "end": "00:09:08", "text": "that's very important to keep to keep an"}, {"start": "00:09:06", "end": "00:09:10", "text": "eye on. Now guys, another problem"}, {"start": "00:09:08", "end": "00:09:12", "text": "[laughter] this we have many problems"}, {"start": "00:09:10", "end": "00:09:16", "text": "guys. Another problem is with the"}, {"start": "00:09:12", "end": "00:09:18", "text": "ledger. So you know that ledger"}, {"start": "00:09:16", "end": "00:09:22", "text": "basically discovered that many people in"}, {"start": "00:09:18", "end": "00:09:24", "text": "Southeast Asia got hacked and they"}, {"start": "00:09:22", "end": "00:09:28", "text": "didn't understand what's happening. How"}, {"start": "00:09:24", "end": "00:09:32", "text": "come how come that uh all of these Asian"}, {"start": "00:09:28", "end": "00:09:34", "text": "dudes uh are hacked? Only Asian dudes."}, {"start": "00:09:32", "end": "00:09:37", "text": "Europe not hacked. But all of the Asian"}, {"start": "00:09:34", "end": "00:09:40", "text": "dudes hacked left and right. Left and"}, {"start": "00:09:37", "end": "00:09:41", "text": "right. The Asian dude hits a sushi. A"}, {"start": "00:09:40", "end": "00:09:44", "text": "boop. The the money is gone. The money"}, {"start": "00:09:41", "end": "00:09:46", "text": "is gone. Another Asian dude hits a bow"}, {"start": "00:09:44", "end": "00:09:48", "text": "ban and a boop. Money gone. Money gone."}, {"start": "00:09:46", "end": "00:09:50", "text": "Korean barbecue. Boop. So they see"}, {"start": "00:09:48", "end": "00:09:54", "text": "money. What's happening guys? What's"}, {"start": "00:09:50", "end": "00:09:57", "text": "happening? All the Asian dudes"}, {"start": "00:09:54", "end": "00:09:58", "text": "for some reason lose their money faster"}, {"start": "00:09:57", "end": "00:10:01", "text": "than they can blink. So they do"}, {"start": "00:09:58", "end": "00:10:03", "text": "investigation. Again, it's Ledger."}, {"start": "00:10:01", "end": "00:10:08", "text": "Ledger again. They do investigation."}, {"start": "00:10:03", "end": "00:10:11", "text": "Turns out the hackers bought a store"}, {"start": "00:10:08", "end": "00:10:14", "text": "that sold ledgers. They didn't even hack"}, {"start": "00:10:11", "end": "00:10:16", "text": "the ledger to begin with. They first"}, {"start": "00:10:14", "end": "00:10:20", "text": "bought the store that sold a bunch of"}, {"start": "00:10:16", "end": "00:10:22", "text": "ledgers. That's number one. Number two,"}, {"start": "00:10:20", "end": "00:10:25", "text": "they then bought a This store is called"}, {"start": "00:10:22", "end": "00:10:28", "text": "Cryptobillis, guys. If you bought from"}, {"start": "00:10:25", "end": "00:10:30", "text": "CryptoBillis, be careful. Be careful. So"}, {"start": "00:10:28", "end": "00:10:32", "text": "first hackers buys the store"}, {"start": "00:10:30", "end": "00:10:34", "text": "cryptobillis. Many Asian dudes buy their"}, {"start": "00:10:32", "end": "00:10:37", "text": "ledger from cryptobillis. So they have a"}, {"start": "00:10:34", "end": "00:10:40", "text": "big customer base. Next they start very"}, {"start": "00:10:37", "end": "00:10:42", "text": "carefully very carefully to tamper with"}, {"start": "00:10:40", "end": "00:10:44", "text": "the devices very carefully. They just"}, {"start": "00:10:42", "end": "00:10:47", "text": "open them up see how they can get some"}, {"start": "00:10:44", "end": "00:10:50", "text": "chip in there and uh they start selling"}, {"start": "00:10:47", "end": "00:10:52", "text": "these ledgers uh and the ledger software"}, {"start": "00:10:50", "end": "00:10:53", "text": "cannot recognize that it has been"}, {"start": "00:10:52", "end": "00:10:56", "text": "tampered with. Normally this hardware"}, {"start": "00:10:53", "end": "00:10:58", "text": "wallets have an anti-teamper software"}, {"start": "00:10:56", "end": "00:11:01", "text": "and hardware that basically checks that"}, {"start": "00:10:58", "end": "00:11:05", "text": "everything is uh is okay that it hasn't"}, {"start": "00:11:01", "end": "00:11:08", "text": "been compromised. Ledger software"}, {"start": "00:11:05", "end": "00:11:10", "text": "did not figure it out. They did not see"}, {"start": "00:11:08", "end": "00:11:12", "text": "that it has been tampered. So big"}, {"start": "00:11:10", "end": "00:11:14", "text": "problem if you are in Asia if you've"}, {"start": "00:11:12", "end": "00:11:18", "text": "been buying from CryptoBillis"}, {"start": "00:11:14", "end": "00:11:18", "text": "file for a refund. [laughter]"}, {"start": "00:11:19", "end": "00:11:24", "text": "So, isn't that crazy that the supply"}, {"start": "00:11:21", "end": "00:11:26", "text": "chain attack is now quite complex? It's"}, {"start": "00:11:24", "end": "00:11:28", "text": "not enough to just hack Ledger or find"}, {"start": "00:11:26", "end": "00:11:30", "text": "something. It's actually easier for the"}, {"start": "00:11:28", "end": "00:11:32", "text": "hackers to spend a few million or I"}, {"start": "00:11:30", "end": "00:11:34", "text": "don't know how much. Probably not even"}, {"start": "00:11:32", "end": "00:11:36", "text": "that much. Just buy the freaking store."}, {"start": "00:11:34", "end": "00:11:37", "text": "Probably a few hundred thousands. Maybe"}, {"start": "00:11:36", "end": "00:11:39", "text": "not even that. I mean, who the hell"}, {"start": "00:11:37", "end": "00:11:41", "text": "knows? I've never heard about"}, {"start": "00:11:39", "end": "00:11:43", "text": "Cryptobillis. I doubt that it's a big"}, {"start": "00:11:41", "end": "00:11:46", "text": "brand. It's It's a I doubt that. Maybe"}, {"start": "00:11:43", "end": "00:11:48", "text": "even tens of th Who knows? You buy them."}, {"start": "00:11:46", "end": "00:11:51", "text": "You're legit. You hire a guy, the"}, {"start": "00:11:48", "end": "00:11:54", "text": "cashier. The cashier needs to smile when"}, {"start": "00:11:51", "end": "00:11:57", "text": "the guy enters the store. Smile and say"}, {"start": "00:11:54", "end": "00:12:01", "text": "big big welcome. [laughter]"}, {"start": "00:11:57", "end": "00:12:04", "text": "Get the guy to buy a device. So what is"}, {"start": "00:12:01", "end": "00:12:08", "text": "the solution here guys? Never buy your"}, {"start": "00:12:04", "end": "00:12:10", "text": "device from a store. You buy from the"}, {"start": "00:12:08", "end": "00:12:11", "text": "website. Now the problem when you buy"}, {"start": "00:12:10", "end": "00:12:13", "text": "from the website, you leave your"}, {"start": "00:12:11", "end": "00:12:15", "text": "address. Then ledger get hacked anyway."}, {"start": "00:12:13", "end": "00:12:17", "text": "You understand? So it's a big problem."}, {"start": "00:12:15", "end": "00:12:19", "text": "It's a big problem. If you want to be"}, {"start": "00:12:17", "end": "00:12:22", "text": "super riskoff, just buy the freaking"}, {"start": "00:12:19", "end": "00:12:24", "text": "ETF. You buy the ETF, something happens."}, {"start": "00:12:22", "end": "00:12:25", "text": "If Black gets hacked, you're a creditor."}, {"start": "00:12:24", "end": "00:12:27", "text": "You're likely going to get something"}, {"start": "00:12:25", "end": "00:12:29", "text": "back. Uh here, you buy from"}, {"start": "00:12:27", "end": "00:12:31", "text": "Cryptobillis, you get nothing back. No"}, {"start": "00:12:29", "end": "00:12:33", "text": "one cares about you. You're not a citor."}, {"start": "00:12:31", "end": "00:12:35", "text": "So, uh it's a big problem. It's a big"}, {"start": "00:12:33", "end": "00:12:37", "text": "big problem. Maybe some I'm thinking, is"}, {"start": "00:12:35", "end": "00:12:39", "text": "it, you know, the traders hacking all of"}, {"start": "00:12:37", "end": "00:12:42", "text": "this to prove that the ETF is good?"}, {"start": "00:12:39", "end": "00:12:46", "text": "Yeah. For the average person who just"}, {"start": "00:12:42", "end": "00:12:48", "text": "wants security, ETF is not a bad thing."}, {"start": "00:12:46", "end": "00:12:51", "text": "Again, it's not cy cyber punk, cyber"}, {"start": "00:12:48", "end": "00:12:54", "text": "punk, cyber punk. It's not cyber punk."}, {"start": "00:12:51", "end": "00:12:55", "text": "What is it? 20 55 or what was called?"}, {"start": "00:12:54", "end": "00:12:59", "text": "But at the same time, you you see the"}, {"start": "00:12:55", "end": "00:13:01", "text": "problem. Imagine your your uncle."}, {"start": "00:12:59", "end": "00:13:03", "text": "Imagine someone who is who's not mega,"}, {"start": "00:13:01", "end": "00:13:04", "text": "you know, mega out of tech, but still"}, {"start": "00:13:03", "end": "00:13:07", "text": "know someone that has serious money"}, {"start": "00:13:04", "end": "00:13:09", "text": "wants to put into uh into crypto. Would"}, {"start": "00:13:07", "end": "00:13:11", "text": "you tell them to buy a ledger? Man, I"}, {"start": "00:13:09", "end": "00:13:13", "text": "don't know. I I don't know if if I would"}, {"start": "00:13:11", "end": "00:13:16", "text": "tell my my uncle to buy a ledger. either"}, {"start": "00:13:13", "end": "00:13:20", "text": "he gets you know scammed by by a store"}, {"start": "00:13:16", "end": "00:13:22", "text": "or his data gets leaked. Uh meanwhile"}, {"start": "00:13:20", "end": "00:13:24", "text": "trad has caught up where he can call his"}, {"start": "00:13:22", "end": "00:13:26", "text": "private banker and say hey listen put"}, {"start": "00:13:24", "end": "00:13:28", "text": "the money in bitcoin ETF is it's also"}, {"start": "00:13:26", "end": "00:13:30", "text": "getting better from tax perspective. So"}, {"start": "00:13:28", "end": "00:13:32", "text": "from a prag pragmatic standpoint, if"}, {"start": "00:13:30", "end": "00:13:34", "text": "you're not dealing with this, you know,"}, {"start": "00:13:32", "end": "00:13:36", "text": "small coins that don't have ETF, you"}, {"start": "00:13:34", "end": "00:13:38", "text": "understand it's you need to consider"}, {"start": "00:13:36", "end": "00:13:41", "text": "carefully here. Should something happen"}, {"start": "00:13:38", "end": "00:13:43", "text": "in TRFA, you are a creditor, you're a"}, {"start": "00:13:41", "end": "00:13:45", "text": "respected person in the in the in the"}, {"start": "00:13:43", "end": "00:13:48", "text": "eye of the law. Should something happen"}, {"start": "00:13:45", "end": "00:13:51", "text": "to your uh ledger, man, no one cares"}, {"start": "00:13:48", "end": "00:13:52", "text": "about you. You are a brown substance and"}, {"start": "00:13:51", "end": "00:13:55", "text": "you're not Nutella. In the eyes of the"}, {"start": "00:13:52", "end": "00:14:00", "text": "law, you become a brown substance and"}, {"start": "00:13:55", "end": "00:14:01", "text": "it's not Nutella. And uh it's Yeah. And"}, {"start": "00:14:00", "end": "00:14:03", "text": "that's it. And that's it, man. Should"}, {"start": "00:14:01", "end": "00:14:06", "text": "Black get hacked, man. You're going to"}, {"start": "00:14:03", "end": "00:14:08", "text": "be you're going to be creditor."}, {"start": "00:14:06", "end": "00:14:10", "text": "[laughter] Like I was a creditor in the"}, {"start": "00:14:08", "end": "00:14:11", "text": "FTX case. I got all my money back."}, {"start": "00:14:10", "end": "00:14:13", "text": "Probably more if you look at the"}, {"start": "00:14:11", "end": "00:14:14", "text": "exchange rate because ETH actually"}, {"start": "00:14:13", "end": "00:14:17", "text": "dumped [laughter]"}, {"start": "00:14:14", "end": "00:14:20", "text": "my Vitalic Vitalic did more harm than"}, {"start": "00:14:17", "end": "00:14:22", "text": "than Bankman. [laughter]"}, {"start": "00:14:20", "end": "00:14:26", "text": "And of course, there is a bit of a story"}, {"start": "00:14:22", "end": "00:14:29", "text": "here with how the Bankman uh came about."}, {"start": "00:14:26", "end": "00:14:31", "text": "And really how it all started. This this"}, {"start": "00:14:29", "end": "00:14:32", "text": "is AI slop from a small peep but it it"}, {"start": "00:14:31", "end": "00:14:34", "text": "really tells you the story from"}, {"start": "00:14:32", "end": "00:14:38", "text": "centuries and centuries ago. Listen to"}, {"start": "00:14:34", "end": "00:14:40", "text": "this. My name is Ivan Ivanovich on. In"}, {"start": "00:14:38", "end": "00:14:43", "text": "our village we sell our turnips for"}, {"start": "00:14:40", "end": "00:14:46", "text": "Bitcoin and keep our wealth in Bitcoin."}, {"start": "00:14:43", "end": "00:14:50", "text": "I trust only the mechanical rules, the"}, {"start": "00:14:46", "end": "00:14:52", "text": "plow, the seasons, the millhe."}, {"start": "00:14:50", "end": "00:14:55", "text": "This is my neighbor, Beyb"}, {"start": "00:14:52", "end": "00:14:58", "text": "That Sar released him from prison, but"}, {"start": "00:14:55", "end": "00:15:00", "text": "forgot to give him new clothes. He eats"}, {"start": "00:14:58", "end": "00:15:02", "text": "nine times a day and gives investment"}, {"start": "00:15:00", "end": "00:15:05", "text": "advice to the goats. On the hill, leaves"}, {"start": "00:15:02", "end": "00:15:08", "text": "a very wicked scoundrel."}, {"start": "00:15:05", "end": "00:15:10", "text": "Simon Bankmanovich Fredov, he wears"}, {"start": "00:15:08", "end": "00:15:13", "text": "shorts in winter and sleeps on a bean"}, {"start": "00:15:10", "end": "00:15:15", "text": "bag in the barn. He runs the village"}, {"start": "00:15:13", "end": "00:15:17", "text": "exchange. You give him your Bitcoin. He"}, {"start": "00:15:15", "end": "00:15:20", "text": "gives you a piece of paper that says you"}, {"start": "00:15:17", "end": "00:15:21", "text": "have Bitcoin. Beya gave him all of his"}, {"start": "00:15:20", "end": "00:15:22", "text": "Bitcoin."}, {"start": "00:15:21", "end": "00:15:24", "text": ">> Mhm."}, {"start": "00:15:22", "end": "00:15:27", "text": ">> You know what I say to that? Not your"}, {"start": "00:15:24", "end": "00:15:30", "text": "keys, not your coins. When I grow old,"}, {"start": "00:15:27", "end": "00:15:34", "text": "Bey will take over my Bitcoin. But I"}, {"start": "00:15:30", "end": "00:15:34", "text": "have my worries about him. [laughter]"}, {"start": "00:15:34", "end": "00:15:39", "text": "My"}, {"start": "00:15:35", "end": "00:15:41", "text": "What the hell? Small peep. He's becoming"}, {"start": "00:15:39", "end": "00:15:45", "text": "more and more creative. [laughter] Poor"}, {"start": "00:15:41", "end": "00:15:49", "text": "Ba. Poor Ba. What was called Simon"}, {"start": "00:15:45", "end": "00:15:51", "text": "Bankmanish? Fredov, man. Fantastic. F"}, {"start": "00:15:49", "end": "00:15:51", "text": "[laughter]"}, {"start": "00:15:54", "end": "00:15:59", "text": "man. What's happening?"}, {"start": "00:15:55", "end": "00:16:01", "text": ">> My name is Ivan Ivanovich on Techov. In"}, {"start": "00:15:59", "end": "00:16:04", "text": "our village, we sell our turnips for"}, {"start": "00:16:01", "end": "00:16:07", "text": "Bitcoin and keep our wealth in Bitcoin."}, {"start": "00:16:04", "end": "00:16:10", "text": "I trust only the mechanical rules, the"}, {"start": "00:16:07", "end": "00:16:14", "text": "plow, the seasons, the mill wheel. This"}, {"start": "00:16:10", "end": "00:16:16", "text": "is my neighbor boy that Sar released him"}, {"start": "00:16:14", "end": "00:16:19", "text": "from prison but forgot to give him new"}, {"start": "00:16:16", "end": "00:16:22", "text": "clothes. He eats nine times a day and"}, {"start": "00:16:19", "end": "00:16:25", "text": "gives investment advice to the goats. On"}, {"start": "00:16:22", "end": "00:16:28", "text": "the hill lives a very wicked scoundrel."}, {"start": "00:16:25", "end": "00:16:31", "text": "Simeon Bankmanovich Fredov. He"}, {"start": "00:16:28", "end": "00:16:32", "text": ">> is the perfect name. Is the"}, {"start": "00:16:31", "end": "00:16:35", "text": "[clears throat and laughter]"}, {"start": "00:16:32", "end": "00:16:39", "text": "Simon Bankmanovich. Perfect. Perfect. Is"}, {"start": "00:16:35", "end": "00:16:40", "text": "the best possible name for a guy uh in"}, {"start": "00:16:39", "end": "00:16:43", "text": "Yeah."}, {"start": "00:16:40", "end": "00:16:46", "text": ">> Fredolf. He wears shorts in winter and"}, {"start": "00:16:43", "end": "00:16:48", "text": "sleeps on a bean bag in the barn. He"}, {"start": "00:16:46", "end": "00:16:50", "text": "runs the village exchange. You give him"}, {"start": "00:16:48", "end": "00:16:54", "text": "your Bitcoin. He gives you a piece of"}, {"start": "00:16:50", "end": "00:16:55", "text": "paper that says you have Bitcoin."}, {"start": "00:16:54", "end": "00:16:57", "text": "[laughter]"}, {"start": "00:16:55", "end": "00:17:00", "text": ">> He gives you a piece of paper that says"}, {"start": "00:16:57", "end": "00:17:03", "text": "you have Bitcoin. That's amazing. But"}, {"start": "00:17:00", "end": "00:17:03", "text": "amazing [laughter]"}, {"start": "00:17:04", "end": "00:17:08", "text": "coin. Bey gave him all of his Bitcoin."}, {"start": "00:17:07", "end": "00:17:10", "text": ">> Mhm."}, {"start": "00:17:08", "end": "00:17:13", "text": ">> You know what I say to that? Not your"}, {"start": "00:17:10", "end": "00:17:16", "text": "keys, not your coins. When I grow old,"}, {"start": "00:17:13", "end": "00:17:18", "text": "Bey will take over my Bitcoin. But I"}, {"start": "00:17:16", "end": "00:17:20", "text": "have my worries."}, {"start": "00:17:18", "end": "00:17:23", "text": ">> Oh yeah. Yeah. Holy crap. Big shout. Big"}, {"start": "00:17:20", "end": "00:17:25", "text": "shout to small peep. But it's a big"}, {"start": "00:17:23", "end": "00:17:27", "text": "problem. Not your keys, not your coins."}, {"start": "00:17:25", "end": "00:17:31", "text": "Yes. But if you are in Cryptobillis"}, {"start": "00:17:27", "end": "00:17:33", "text": "store, Cryptobillis take your coin. So"}, {"start": "00:17:31", "end": "00:17:36", "text": "Simeon Bankmanovich can take your coin,"}, {"start": "00:17:33", "end": "00:17:38", "text": "but Cryptobillis Asian store can also"}, {"start": "00:17:36", "end": "00:17:40", "text": "take your coin. So guys, be careful with"}, {"start": "00:17:38", "end": "00:17:44", "text": "your coin. Be very very careful with"}, {"start": "00:17:40", "end": "00:17:46", "text": "your coin. So um in terms of uh Bitcoin"}, {"start": "00:17:44", "end": "00:17:48", "text": "we are bullish. I like I mean I like how"}, {"start": "00:17:46", "end": "00:17:51", "text": "the chart looks guys you know I um I"}, {"start": "00:17:48", "end": "00:17:53", "text": "gave my personal advice personal"}, {"start": "00:17:51", "end": "00:17:57", "text": "non-financial"}, {"start": "00:17:53", "end": "00:17:59", "text": "uh opinion personal how how say I mean"}, {"start": "00:17:57", "end": "00:18:02", "text": "personal opinion personal non-financial"}, {"start": "00:17:59", "end": "00:18:04", "text": "advice opinion on Twitter also in the"}, {"start": "00:18:02", "end": "00:18:07", "text": "newsletter guys in the newsletter"}, {"start": "00:18:04", "end": "00:18:09", "text": "actually if you go to description you"}, {"start": "00:18:07", "end": "00:18:11", "text": "should go to the bullmania newsletter I"}, {"start": "00:18:09", "end": "00:18:13", "text": "mean this newsletter man we nailed it we"}, {"start": "00:18:11", "end": "00:18:15", "text": "nailed it just last few days let me let"}, {"start": "00:18:13", "end": "00:18:18", "text": "me actually pull it up you guys in the"}, {"start": "00:18:15", "end": "00:18:19", "text": "newsletter. What happened when uh when"}, {"start": "00:18:18", "end": "00:18:21", "text": "prices dumped? What what what did we do"}, {"start": "00:18:19", "end": "00:18:23", "text": "in the newsletter? Can someone remind"}, {"start": "00:18:21", "end": "00:18:26", "text": "me? Can someone remind me what we did in"}, {"start": "00:18:23", "end": "00:18:28", "text": "the newsletter? Um it's another thing I"}, {"start": "00:18:26", "end": "00:18:32", "text": "I keep saying the newsletter is amazing."}, {"start": "00:18:28", "end": "00:18:34", "text": "It's amazing. And no, the"}, {"start": "00:18:32", "end": "00:18:37", "text": "it takes one second to write your email,"}, {"start": "00:18:34", "end": "00:18:39", "text": "but no no. What is this? Look here,"}, {"start": "00:18:37", "end": "00:18:42", "text": "guys. Guys, guys, look at the panic that"}, {"start": "00:18:39", "end": "00:18:46", "text": "was on October 9th. On October 9th, what"}, {"start": "00:18:42", "end": "00:18:47", "text": "did I say? I am bullish. I think that"}, {"start": "00:18:46", "end": "00:18:49", "text": "dips are for buying an early bull. I"}, {"start": "00:18:47", "end": "00:18:51", "text": "don't over complicate it. This was"}, {"start": "00:18:49", "end": "00:18:55", "text": "October 9th. Go back, see what happened"}, {"start": "00:18:51", "end": "00:18:57", "text": "on October 9th. Uh go back, see the the"}, {"start": "00:18:55", "end": "00:18:59", "text": "drama the drama on October 9th. By the"}, {"start": "00:18:57", "end": "00:19:02", "text": "way, guys, one second. One second. One"}, {"start": "00:18:59", "end": "00:19:02", "text": "second. One second. One second."}, {"start": "00:19:12", "end": "00:19:18", "text": "Hold on. Are we back?"}, {"start": "00:19:15", "end": "00:19:20", "text": "See, in my in in our studio there,"}, {"start": "00:19:18", "end": "00:19:22", "text": "there's a bit of an issue. Sometimes I"}, {"start": "00:19:20", "end": "00:19:24", "text": "have to like plug the cable fully. Are"}, {"start": "00:19:22", "end": "00:19:26", "text": "we back?"}, {"start": "00:19:24", "end": "00:19:28", "text": "I I see the cable is not fully plugged"}, {"start": "00:19:26", "end": "00:19:30", "text": "into the fiber. Like, man, put it back"}, {"start": "00:19:28", "end": "00:19:31", "text": "properly. Put it back properly. We"}, {"start": "00:19:30", "end": "00:19:32", "text": "should be back. We should be back."}, {"start": "00:19:31", "end": "00:19:34", "text": "Anyway, guys, you you understand the"}, {"start": "00:19:32", "end": "00:19:37", "text": "point. October 9th, we did this with"}, {"start": "00:19:34", "end": "00:19:39", "text": "love. I even told you guys with love."}, {"start": "00:19:37", "end": "00:19:41", "text": "With love. Who Who sends you Who sends"}, {"start": "00:19:39", "end": "00:19:44", "text": "you newsletter and writes you like this"}, {"start": "00:19:41", "end": "00:19:48", "text": "with love? Does your wife do that?"}, {"start": "00:19:44", "end": "00:19:48", "text": "Because Ivan does. [laughter]"}, {"start": "00:19:48", "end": "00:19:53", "text": "And look here. Look here. Not only with"}, {"start": "00:19:50", "end": "00:19:56", "text": "love, but also look at the date. Look at"}, {"start": "00:19:53", "end": "00:19:58", "text": "Look at this. I'm bullish."}, {"start": "00:19:56", "end": "00:20:00", "text": "Okay."}, {"start": "00:19:58", "end": "00:20:03", "text": "I'm bullish. Dips are for buying in"}, {"start": "00:20:00", "end": "00:20:06", "text": "early bull."}, {"start": "00:20:03", "end": "00:20:08", "text": "The time to be bare was last October."}, {"start": "00:20:06", "end": "00:20:11", "text": "Okay. And with love, with love. So guys,"}, {"start": "00:20:08", "end": "00:20:12", "text": "newsletter very important. And yeah,"}, {"start": "00:20:11", "end": "00:20:14", "text": "basically it's Monday, so there's not"}, {"start": "00:20:12", "end": "00:20:16", "text": "too much that has happened during the"}, {"start": "00:20:14", "end": "00:20:18", "text": "weekend. We can soon go to Q&A. Let me"}, {"start": "00:20:16", "end": "00:20:20", "text": "just quickly see some stuff. Michael"}, {"start": "00:20:18", "end": "00:20:23", "text": "Sailor, always room for more orange."}, {"start": "00:20:20", "end": "00:20:24", "text": "Yes. Yes. Likely is going to be buying."}, {"start": "00:20:23", "end": "00:20:27", "text": "Oh yeah, the monthly candle. We're"}, {"start": "00:20:24", "end": "00:20:30", "text": "looking at the monthly candle. Monthly"}, {"start": "00:20:27", "end": "00:20:32", "text": "candle. Bullish and engulfing. You see"}, {"start": "00:20:30", "end": "00:20:34", "text": "bullish and engulfing meaning that we"}, {"start": "00:20:32", "end": "00:20:36", "text": "close"}, {"start": "00:20:34", "end": "00:20:39", "text": "uh above whatever this previous month"}, {"start": "00:20:36", "end": "00:20:41", "text": "was. Okay, very important. Or actually"}, {"start": "00:20:39", "end": "00:20:43", "text": "Lucy is it is three month guys. It's"}, {"start": "00:20:41", "end": "00:20:44", "text": "quarterly. We just closed a quarter."}, {"start": "00:20:43", "end": "00:20:47", "text": "Exactly. We just closed a quarter as"}, {"start": "00:20:44", "end": "00:20:48", "text": "well."}, {"start": "00:20:47", "end": "00:20:51", "text": "Fantastic. Fantastic. Fantastic. What"}, {"start": "00:20:48", "end": "00:20:55", "text": "else? US Treasury going to be buying"}, {"start": "00:20:51", "end": "00:20:57", "text": "four uh what is it? Billion four billion"}, {"start": "00:20:55", "end": "00:20:58", "text": "of its own debt. And guys guys there"}, {"start": "00:20:57", "end": "00:21:02", "text": "there are many countries that will have"}, {"start": "00:20:58", "end": "00:21:04", "text": "to buy a lot of debt. You see France"}, {"start": "00:21:02", "end": "00:21:07", "text": "France has many issues. Now we don't"}, {"start": "00:21:04", "end": "00:21:09", "text": "want to get political. Um, we don't want"}, {"start": "00:21:07", "end": "00:21:10", "text": "to get too political, but you know, in"}, {"start": "00:21:09", "end": "00:21:12", "text": "France there are big issues. There are"}, {"start": "00:21:10", "end": "00:21:15", "text": "big big issues for main different"}, {"start": "00:21:12", "end": "00:21:18", "text": "issues. And I'm not even speaking about"}, {"start": "00:21:15", "end": "00:21:20", "text": "that. If you go out, uh, it's it's uh,"}, {"start": "00:21:18", "end": "00:21:22", "text": "yeah, anyway, we're apolitical. But I"}, {"start": "00:21:20", "end": "00:21:25", "text": "understand it's should I say something?"}, {"start": "00:21:22", "end": "00:21:28", "text": "No, I will not say guess. [laughter] I"}, {"start": "00:21:25", "end": "00:21:30", "text": "will be in big trouble. Big big trouble."}, {"start": "00:21:28", "end": "00:21:34", "text": "But it's a big question, you know. Is it"}, {"start": "00:21:30", "end": "00:21:35", "text": "civilized or it's um, anyway, I I will"}, {"start": "00:21:34", "end": "00:21:39", "text": "be in big trouble. Let's not speak about"}, {"start": "00:21:35", "end": "00:21:41", "text": "that. But also uh outside of uh what's"}, {"start": "00:21:39", "end": "00:21:44", "text": "happening on the streets"}, {"start": "00:21:41", "end": "00:21:45", "text": "there is something that that is very"}, {"start": "00:21:44", "end": "00:21:47", "text": "problematic and that's the government"}, {"start": "00:21:45", "end": "00:21:49", "text": "debt. The interest rate on the debt is"}, {"start": "00:21:47", "end": "00:21:50", "text": "very high. Meaning that no one wants to"}, {"start": "00:21:49", "end": "00:21:52", "text": "lend France's money. No one wants to"}, {"start": "00:21:50", "end": "00:21:56", "text": "lend the money. They have big problems"}, {"start": "00:21:52", "end": "00:21:58", "text": "with uh pensions with social spending"}, {"start": "00:21:56", "end": "00:22:01", "text": "with uh high tax already. We cannot"}, {"start": "00:21:58", "end": "00:22:03", "text": "raise more tax. basically high debt,"}, {"start": "00:22:01", "end": "00:22:06", "text": "high expense,"}, {"start": "00:22:03", "end": "00:22:08", "text": "um low income, okay, low income, taxes"}, {"start": "00:22:06", "end": "00:22:10", "text": "don't cover all of the things that the"}, {"start": "00:22:08", "end": "00:22:14", "text": "government wants to do. And then you"}, {"start": "00:22:10", "end": "00:22:16", "text": "have this guy, uh mega mega lefty"}, {"start": "00:22:14", "end": "00:22:20", "text": "basically saying, \"Hey, I don't care"}, {"start": "00:22:16", "end": "00:22:20", "text": "about the bond market.\" Looker look."}, {"start": "00:22:36", "end": "00:22:40", "text": "So basically saying you know what what"}, {"start": "00:22:37", "end": "00:22:44", "text": "market what market it is very very true"}, {"start": "00:22:40", "end": "00:22:46", "text": "that France has to reassure the market."}, {"start": "00:22:44", "end": "00:22:50", "text": "It's very true France really has to"}, {"start": "00:22:46", "end": "00:22:52", "text": "reassure the market that uh otherwise it"}, {"start": "00:22:50", "end": "00:22:53", "text": "cannot raise money. He cannot he cannot"}, {"start": "00:22:52", "end": "00:22:56", "text": "finance the government. cannot sell"}, {"start": "00:22:53", "end": "00:22:57", "text": "bonds. If you cannot sell bonds, you can"}, {"start": "00:22:56", "end": "00:22:59", "text": "chat with AI what that means. If you"}, {"start": "00:22:57", "end": "00:23:01", "text": "cannot sell bonds, if you cannot have"}, {"start": "00:22:59", "end": "00:23:03", "text": "government debt, you can chat with AI"}, {"start": "00:23:01", "end": "00:23:05", "text": "what that means. It's fito. It's fito."}, {"start": "00:23:03", "end": "00:23:07", "text": "Absolutely fito. So [clears throat] when"}, {"start": "00:23:05", "end": "00:23:10", "text": "you are in such situation where bond"}, {"start": "00:23:07", "end": "00:23:12", "text": "yields are very high, you need to"}, {"start": "00:23:10", "end": "00:23:14", "text": "explain to the market for example by"}, {"start": "00:23:12", "end": "00:23:16", "text": "increasing tax. I mean cutting spending"}, {"start": "00:23:14", "end": "00:23:18", "text": "you have to you have to figure some out"}, {"start": "00:23:16", "end": "00:23:20", "text": "some stuff out. It's like with a normal"}, {"start": "00:23:18", "end": "00:23:22", "text": "person. You bought a bunch of plasma TV,"}, {"start": "00:23:20", "end": "00:23:24", "text": "Xbox, PlayStation on credit for you to"}, {"start": "00:23:22", "end": "00:23:26", "text": "get more credit. Let's say now you want"}, {"start": "00:23:24", "end": "00:23:28", "text": "to buy a house. Okay, you need to figure"}, {"start": "00:23:26", "end": "00:23:30", "text": "out do you have more income for for the"}, {"start": "00:23:28", "end": "00:23:32", "text": "status, the tax, but they have so high"}, {"start": "00:23:30", "end": "00:23:34", "text": "tax already. [snorts] Do you have what"}, {"start": "00:23:32", "end": "00:23:36", "text": "expense you have? You understand? It's"}, {"start": "00:23:34", "end": "00:23:39", "text": "the same for literally exactly the same."}, {"start": "00:23:36", "end": "00:23:41", "text": "Exactly the same. Exactly the same. Now,"}, {"start": "00:23:39", "end": "00:23:42", "text": "if you are in France, let us know how"}, {"start": "00:23:41", "end": "00:23:44", "text": "much power this guy has. But you know"}, {"start": "00:23:42", "end": "00:23:47", "text": "with the recent developments I can"}, {"start": "00:23:44", "end": "00:23:49", "text": "imagine that these dudes have a lot of"}, {"start": "00:23:47", "end": "00:23:52", "text": "power. Just looking at Sweden this uh"}, {"start": "00:23:49", "end": "00:23:53", "text": "mega left uh which is not really about"}, {"start": "00:23:52", "end": "00:23:56", "text": "social justice. I mean it's about many"}, {"start": "00:23:53", "end": "00:23:57", "text": "different things. [laughter]"}, {"start": "00:23:56", "end": "00:23:59", "text": "Uh is it I don't know if it's for the"}, {"start": "00:23:57", "end": "00:24:02", "text": "workers guys. Uh but anyway let's not"}, {"start": "00:23:59", "end": "00:24:04", "text": "get we're a police. I just I remind"}, {"start": "00:24:02", "end": "00:24:07", "text": "myself we're a police a"}, {"start": "00:24:04", "end": "00:24:08", "text": "welcome if you are left also but tell us"}, {"start": "00:24:07", "end": "00:24:11", "text": "in the in the chat like how big is this"}, {"start": "00:24:08", "end": "00:24:13", "text": "guy and what is the trajectory? Where's"}, {"start": "00:24:11", "end": "00:24:15", "text": "the trajectory? Because he's saying f"}, {"start": "00:24:13", "end": "00:24:19", "text": "the bond market. Oh, you don't want to"}, {"start": "00:24:15", "end": "00:24:19", "text": "say that. You don't want to say that."}, {"start": "00:24:39", "end": "00:24:44", "text": "H it's repeating itself. Anyway, so uh"}, {"start": "00:24:42", "end": "00:24:46", "text": "what will this lead to? What"}, {"start": "00:24:44", "end": "00:24:48", "text": "[clears throat] will this lead to? They"}, {"start": "00:24:46", "end": "00:24:51", "text": "will likely have to buy their own bonds"}, {"start": "00:24:48", "end": "00:24:52", "text": "again. Print money, buy their own bonds."}, {"start": "00:24:51", "end": "00:24:54", "text": "France is very critical to the EU."}, {"start": "00:24:52", "end": "00:24:57", "text": "Obviously, it's Germany is not doing"}, {"start": "00:24:54", "end": "00:25:00", "text": "that well either. So you may have a big"}, {"start": "00:24:57", "end": "00:25:02", "text": "issue in the EU in the coming uh years"}, {"start": "00:25:00", "end": "00:25:04", "text": "when it comes to the debt crisis, the"}, {"start": "00:25:02", "end": "00:25:06", "text": "sovereign debt crisis. It's going to"}, {"start": "00:25:04", "end": "00:25:08", "text": "lead to printing. If you cannot raise"}, {"start": "00:25:06", "end": "00:25:10", "text": "from the market, you cannot raise money"}, {"start": "00:25:08", "end": "00:25:12", "text": "from the market by selling bonds. You"}, {"start": "00:25:10", "end": "00:25:14", "text": "will have to print money. That's the"}, {"start": "00:25:12", "end": "00:25:16", "text": "only way the government can raise money"}, {"start": "00:25:14", "end": "00:25:19", "text": "from the from the market, sell bonds."}, {"start": "00:25:16", "end": "00:25:21", "text": "They can print money and buy their own"}, {"start": "00:25:19", "end": "00:25:23", "text": "bonds. Basically just printing money."}, {"start": "00:25:21", "end": "00:25:24", "text": "They can increase tax. No one's going to"}, {"start": "00:25:23", "end": "00:25:27", "text": "do that. I mean, imagine what's going to"}, {"start": "00:25:24", "end": "00:25:31", "text": "happen to France if they increase tax."}, {"start": "00:25:27", "end": "00:25:34", "text": "Uh, yeah. Yeah. Yeah. Yeah. Go. You see"}, {"start": "00:25:31", "end": "00:25:35", "text": "how the street looks already?"}, {"start": "00:25:34", "end": "00:25:37", "text": "And you know, these dudes, they just"}, {"start": "00:25:35", "end": "00:25:39", "text": "need a reason. They just need a reason."}, {"start": "00:25:37", "end": "00:25:41", "text": "I mean, these dudes out there, do they"}, {"start": "00:25:39", "end": "00:25:43", "text": "care about the schools? No. You think"}, {"start": "00:25:41", "end": "00:25:45", "text": "[laughter] they they care about the"}, {"start": "00:25:43", "end": "00:25:47", "text": "schools, which is the current, you know,"}, {"start": "00:25:45", "end": "00:25:49", "text": "reason. These dudes, they don't need a"}, {"start": "00:25:47", "end": "00:25:52", "text": "reason. They they they have other"}, {"start": "00:25:49", "end": "00:25:54", "text": "reasons. They just need an excuse. So if"}, {"start": "00:25:52", "end": "00:25:55", "text": "you give them another excuse that time,"}, {"start": "00:25:54", "end": "00:25:58", "text": "oh they're gonna go wild, guys. They're"}, {"start": "00:25:55", "end": "00:26:01", "text": "gonna go wild. So basically guys, you"}, {"start": "00:25:58", "end": "00:26:04", "text": "want to own assets. You want to be an"}, {"start": "00:26:01", "end": "00:26:07", "text": "asset owner because this will not end"}, {"start": "00:26:04", "end": "00:26:10", "text": "well. Uh you need Bitcoin, you need"}, {"start": "00:26:07", "end": "00:26:12", "text": "Bitcoin, you need other assets as soon"}, {"start": "00:26:10", "end": "00:26:14", "text": "as possible. Uh the US, they going to be"}, {"start": "00:26:12", "end": "00:26:16", "text": "buying their own their own debt sooner"}, {"start": "00:26:14", "end": "00:26:18", "text": "or later. Uh and also already now"}, {"start": "00:26:16", "end": "00:26:20", "text": "they're deploying a bit, but it's not"}, {"start": "00:26:18", "end": "00:26:21", "text": "even the biggest story in my view. The"}, {"start": "00:26:20", "end": "00:26:23", "text": "biggest story is what's going to happen"}, {"start": "00:26:21", "end": "00:26:25", "text": "to stuff like France and uh which is a"}, {"start": "00:26:23", "end": "00:26:28", "text": "bit under discussed but it's it's not"}, {"start": "00:26:25", "end": "00:26:29", "text": "doing well. Anyway, for us it's bullish."}, {"start": "00:26:28", "end": "00:26:31", "text": "That's the main thing. We're bullish."}, {"start": "00:26:29", "end": "00:26:32", "text": "For us is bullish. Let's listen to Tom"}, {"start": "00:26:31", "end": "00:26:33", "text": "Lee."}, {"start": "00:26:32", "end": "00:26:35", "text": ">> Where do you think ETH will be at the"}, {"start": "00:26:33", "end": "00:26:38", "text": "end of the year?"}, {"start": "00:26:35", "end": "00:26:40", "text": ">> You know, I I think Ethereum should"}, {"start": "00:26:38", "end": "00:26:43", "text": "exceed its all-time high. So, I think"}, {"start": "00:26:40", "end": "00:26:45", "text": "it's above 5,000. I think Bitcoin is"}, {"start": "00:26:43", "end": "00:26:46", "text": "going to be over 100,000. And if that's"}, {"start": "00:26:45", "end": "00:26:49", "text": "the case, then I think Ethereum is"}, {"start": "00:26:46", "end": "00:26:51", "text": "around 7500."}, {"start": "00:26:49", "end": "00:26:53", "text": "And are there indicators you look at in"}, {"start": "00:26:51", "end": "00:26:56", "text": "the market? Like what do you typically"}, {"start": "00:26:53", "end": "00:26:58", "text": "look at to inform usage of the"}, {"start": "00:26:56", "end": "00:27:00", "text": "infrastructure and have a bit of those"}, {"start": "00:26:58", "end": "00:27:02", "text": "those forward views?"}, {"start": "00:27:00", "end": "00:27:05", "text": ">> I mean I think there's already a lot of"}, {"start": "00:27:02", "end": "00:27:08", "text": "I think that I think crypto is a"}, {"start": "00:27:05", "end": "00:27:12", "text": "thematic story and what I mean by that"}, {"start": "00:27:08", "end": "00:27:14", "text": "is that in 2016 2017 that bull market"}, {"start": "00:27:12", "end": "00:27:17", "text": "was really an ICO story. Uh but it was"}, {"start": "00:27:14", "end": "00:27:19", "text": "principally retail investors but it was"}, {"start": "00:27:17", "end": "00:27:22", "text": "huge. I mean, it didn't take a lot of"}, {"start": "00:27:19", "end": "00:27:27", "text": "people to to cause Bitcoin"}, {"start": "00:27:22", "end": "00:27:29", "text": "to hit 18,000. And then in the 2019 to"}, {"start": "00:27:27", "end": "00:27:31", "text": "2021 bull market, that was a lot about"}, {"start": "00:27:29", "end": "00:27:33", "text": "NFTTS, which was, you know, a novel"}, {"start": "00:27:31", "end": "00:27:35", "text": "innovation, but that was again pretty"}, {"start": "00:27:33", "end": "00:27:38", "text": "much a retail boom and and you saw"}, {"start": "00:27:35", "end": "00:27:41", "text": "massive moves in crypto prices. But this"}, {"start": "00:27:38", "end": "00:27:44", "text": "bull cycle is coming at a time when"}, {"start": "00:27:41", "end": "00:27:46", "text": "institutions are building a lot of"}, {"start": "00:27:44", "end": "00:27:47", "text": "products and I think we're seeing some"}, {"start": "00:27:46", "end": "00:27:50", "text": "real innovations. I mean like Ando"}, {"start": "00:27:47", "end": "00:27:54", "text": "announcing private markets today, that's"}, {"start": "00:27:50", "end": "00:27:56", "text": "bigger players, bigger dollars. I think"}, {"start": "00:27:54", "end": "00:27:58", "text": "this is going to be a much much bigger"}, {"start": "00:27:56", "end": "00:27:59", "text": "cycle than than what we've seen in the"}, {"start": "00:27:58", "end": "00:28:01", "text": "past."}, {"start": "00:27:59", "end": "00:28:02", "text": ">> I think much much bigger. Now there is"}, {"start": "00:28:01", "end": "00:28:04", "text": "one thing I want to tell Tom and that's"}, {"start": "00:28:02", "end": "00:28:08", "text": "that you know sit up straight. Sit up"}, {"start": "00:28:04", "end": "00:28:11", "text": "straight because you know you got to sit"}, {"start": "00:28:08", "end": "00:28:14", "text": "up straight Tomy because what is this?"}, {"start": "00:28:11", "end": "00:28:17", "text": "Why he sits like this? Why he sits like"}, {"start": "00:28:14", "end": "00:28:19", "text": "this? You know, markets are great, but"}, {"start": "00:28:17", "end": "00:28:20", "text": "if you don't sit up straight, your"}, {"start": "00:28:19", "end": "00:28:22", "text": "health is going to be affected. I have"}, {"start": "00:28:20", "end": "00:28:24", "text": "to remind it myself sometimes as well."}, {"start": "00:28:22", "end": "00:28:25", "text": "Let me let me actually sit up straight"}, {"start": "00:28:24", "end": "00:28:27", "text": "here. You guys also, if you're watching"}, {"start": "00:28:25", "end": "00:28:29", "text": "this, sit up straight. So, yes, we're"}, {"start": "00:28:27", "end": "00:28:31", "text": "bullish. I mean, I mean, I think"}, {"start": "00:28:29", "end": "00:28:34", "text": "everyone is kind of bullish at this"}, {"start": "00:28:31", "end": "00:28:36", "text": "point. Uh, but not everyone sits up"}, {"start": "00:28:34", "end": "00:28:38", "text": "straight. Okay?"}, {"start": "00:28:36", "end": "00:28:41", "text": "[laughter] You got to be sitting up"}, {"start": "00:28:38", "end": "00:28:43", "text": "straight. So, yeah, that's that. What"}, {"start": "00:28:41", "end": "00:28:44", "text": "else, guys? That's it. Let's go to Q&A."}, {"start": "00:28:43", "end": "00:28:46", "text": "There's not too much else. Uh it's been"}, {"start": "00:28:44", "end": "00:28:50", "text": "weekend weekend nothing has happened."}, {"start": "00:28:46", "end": "00:28:52", "text": "Let's just go through some u uh stats"}, {"start": "00:28:50", "end": "00:28:54", "text": "with our Bulmania arena. If you go to"}, {"start": "00:28:52", "end": "00:28:56", "text": "link below arena.bullmania.com you"}, {"start": "00:28:54", "end": "00:29:00", "text": "connect your Pionex you're going to be"}, {"start": "00:28:56", "end": "00:29:04", "text": "part of our cash back. So 10K is given"}, {"start": "00:29:00", "end": "00:29:08", "text": "out every month to people who trade"}, {"start": "00:29:04", "end": "00:29:09", "text": "above 100K volume on Pionex and they are"}, {"start": "00:29:08", "end": "00:29:11", "text": "our affiliate. So if you go to"}, {"start": "00:29:09", "end": "00:29:12", "text": "arena.sboomia.com boom.com link in"}, {"start": "00:29:11", "end": "00:29:14", "text": "description you you you follow simple"}, {"start": "00:29:12", "end": "00:29:17", "text": "steps how to connect your pione so"}, {"start": "00:29:14", "end": "00:29:20", "text": "currently we have this guy 53 and uh UAD"}, {"start": "00:29:17", "end": "00:29:22", "text": "ends with 53 at 1.8 8 million. He's the"}, {"start": "00:29:20", "end": "00:29:23", "text": "number one. Uh then you have this guy,"}, {"start": "00:29:22", "end": "00:29:25", "text": "this guy, this guy. So this money, it"}, {"start": "00:29:23", "end": "00:29:27", "text": "cannot be withdrawn, but it can be used"}, {"start": "00:29:25", "end": "00:29:30", "text": "for future trades. That's why we call it"}, {"start": "00:29:27", "end": "00:29:32", "text": "cashback. So it's basically a very easy"}, {"start": "00:29:30", "end": "00:29:34", "text": "way for you if you are trading on"}, {"start": "00:29:32", "end": "00:29:36", "text": "Pioneex, just come here, connect"}, {"start": "00:29:34", "end": "00:29:38", "text": "yourself to this website. So you you at"}, {"start": "00:29:36", "end": "00:29:40", "text": "least participate uh because you just"}, {"start": "00:29:38", "end": "00:29:42", "text": "need more than 100k volume. And 100K"}, {"start": "00:29:40", "end": "00:29:44", "text": "volume is not hard to get because your"}, {"start": "00:29:42", "end": "00:29:46", "text": "volume comes with whatever leverage you"}, {"start": "00:29:44", "end": "00:29:47", "text": "have. So let's say you have 1K, you do a"}, {"start": "00:29:46", "end": "00:29:49", "text": "bit of trades here and there, it can"}, {"start": "00:29:47", "end": "00:29:52", "text": "easily add up to 100K, especially if you"}, {"start": "00:29:49", "end": "00:29:54", "text": "trade with per bit Unix. We have even"}, {"start": "00:29:52", "end": "00:29:56", "text": "bigger giveaway. [clears throat]"}, {"start": "00:29:54", "end": "00:29:58", "text": "It's not giveaway again. It's a cashback"}, {"start": "00:29:56", "end": "00:30:01", "text": "pool. The correct word is cash back"}, {"start": "00:29:58", "end": "00:30:02", "text": "because it can be used to do new trades."}, {"start": "00:30:01", "end": "00:30:05", "text": "So [clears throat] uh this is even"}, {"start": "00:30:02", "end": "00:30:07", "text": "bigger, but you see only how many people"}, {"start": "00:30:05", "end": "00:30:09", "text": "five people now qualify to share the"}, {"start": "00:30:07", "end": "00:30:12", "text": "price for October. And this resets every"}, {"start": "00:30:09", "end": "00:30:14", "text": "month by the way. So, if you are in Bit"}, {"start": "00:30:12", "end": "00:30:16", "text": "Unix and you're trading on Bit Ununix,"}, {"start": "00:30:14", "end": "00:30:18", "text": "go and connect your account to Arena as"}, {"start": "00:30:16", "end": "00:30:20", "text": "well, so you can be part of this uh"}, {"start": "00:30:18", "end": "00:30:21", "text": "cashback. And we're going to be adding"}, {"start": "00:30:20", "end": "00:30:23", "text": "more exchanges in the future as well. We"}, {"start": "00:30:21", "end": "00:30:26", "text": "just want to ensure that if you are"}, {"start": "00:30:23", "end": "00:30:28", "text": "trading using our links, our partners,"}, {"start": "00:30:26", "end": "00:30:32", "text": "you are rewarded in in some in in some"}, {"start": "00:30:28", "end": "00:30:34", "text": "form. So, um this guy is almost"}, {"start": "00:30:32", "end": "00:30:35", "text": "qualifying is almost qualifying. If"}, {"start": "00:30:34", "end": "00:30:38", "text": "you're watching this and you are UID"}, {"start": "00:30:35", "end": "00:30:40", "text": "this one with ends with 11, you you're"}, {"start": "00:30:38", "end": "00:30:43", "text": "almost there. You're almost there. So uh"}, {"start": "00:30:40", "end": "00:30:44", "text": "Bix now is a bit of a arbitrage"}, {"start": "00:30:43", "end": "00:30:47", "text": "opportunity because not too many people"}, {"start": "00:30:44", "end": "00:30:50", "text": "here are uh even connected. Uh it's like"}, {"start": "00:30:47", "end": "00:30:52", "text": "15 guys. Uh what is it with Bitunix"}, {"start": "00:30:50", "end": "00:30:53", "text": "guys? You use Bunix or not? Well"}, {"start": "00:30:52", "end": "00:30:55", "text": "[clears throat] or you don't like Bit"}, {"start": "00:30:53", "end": "00:30:58", "text": "Unix? It's just fewer guys but you know"}, {"start": "00:30:55", "end": "00:31:00", "text": "the price pool is bigger. Pionex"}, {"start": "00:30:58", "end": "00:31:02", "text": "everyone loves Pion. Everyone connects."}, {"start": "00:31:00", "end": "00:31:05", "text": "So many people trading on Pionex but Bit"}, {"start": "00:31:02", "end": "00:31:08", "text": "Unix go check it out."}, {"start": "00:31:05", "end": "00:31:09", "text": "Just connect and that's it. Maybe it's"}, {"start": "00:31:08", "end": "00:31:11", "text": "that they, you know, they they had to"}, {"start": "00:31:09", "end": "00:31:12", "text": "remove a bunch of restrictions, but it"}, {"start": "00:31:11", "end": "00:31:14", "text": "should be"}, {"start": "00:31:12", "end": "00:31:16", "text": "Yeah. Anyway, check it out. If you if"}, {"start": "00:31:14", "end": "00:31:18", "text": "you trade on, if you trade on any per"}, {"start": "00:31:16", "end": "00:31:21", "text": "exchange, try Bit Ununix so you can be"}, {"start": "00:31:18", "end": "00:31:22", "text": "part of the arena. You and how to join"}, {"start": "00:31:21", "end": "00:31:24", "text": "Bit Unix, you we're going to explain to"}, {"start": "00:31:22", "end": "00:31:28", "text": "you if you go to arena.boom.com."}, {"start": "00:31:24", "end": "00:31:31", "text": "So, let's go to Q&A, guys."}, {"start": "00:31:28", "end": "00:31:33", "text": "Questions, [clears throat] answers,"}, {"start": "00:31:31", "end": "00:31:35", "text": "debates, and which exchanges should we"}, {"start": "00:31:33", "end": "00:31:37", "text": "add next? Okay, that's a good question"}, {"start": "00:31:35", "end": "00:31:39", "text": "because when we add an exchange,"}, {"start": "00:31:37", "end": "00:31:42", "text": "obviously the most impact is if you guys"}, {"start": "00:31:39", "end": "00:31:43", "text": "actually trade on it because then you"}, {"start": "00:31:42", "end": "00:31:45", "text": "you're going to be getting the more"}, {"start": "00:31:43", "end": "00:31:48", "text": "people from our community are going to"}, {"start": "00:31:45", "end": "00:31:50", "text": "be getting the uh the uh cash back and"}, {"start": "00:31:48", "end": "00:31:51", "text": "the impact is going to be bigger. So,"}, {"start": "00:31:50", "end": "00:31:53", "text": "let let us know which exchanges you"}, {"start": "00:31:51", "end": "00:31:57", "text": "trade on um and and we're going to see"}, {"start": "00:31:53", "end": "00:32:00", "text": "if we can add them as well."}, {"start": "00:31:57", "end": "00:32:04", "text": "So, uh let's go and let's check what's"}, {"start": "00:32:00", "end": "00:32:04", "text": "been happening in the altcoin space."}, {"start": "00:32:06", "end": "00:32:13", "text": "You have layer zero. Let's see here."}, {"start": "00:32:10", "end": "00:32:15", "text": "Layer zero pump filecoin pump bitway"}, {"start": "00:32:13", "end": "00:32:17", "text": "render near near has been a freaking"}, {"start": "00:32:15", "end": "00:32:20", "text": "machine"}, {"start": "00:32:17", "end": "00:32:22", "text": "with Venice. Venice pumping but still"}, {"start": "00:32:20", "end": "00:32:24", "text": "discount in the last seven days."}, {"start": "00:32:22", "end": "00:32:27", "text": "Lighter. So yeah, a few pumps here"}, {"start": "00:32:24", "end": "00:32:27", "text": "during the last 24 hours."}, {"start": "00:32:31", "end": "00:32:35", "text": "Can you check wormhole? Let's see."}, {"start": "00:32:33", "end": "00:32:37", "text": "Wormhole."}, {"start": "00:32:35", "end": "00:32:39", "text": "Oh, yeah. Exactly. Hyperloop. Probably"}, {"start": "00:32:37", "end": "00:32:40", "text": "uh many people use Hyperloop. That"}, {"start": "00:32:39", "end": "00:32:42", "text": "That's one reason. Yeah, that makes"}, {"start": "00:32:40", "end": "00:32:47", "text": "sense."}, {"start": "00:32:42", "end": "00:32:51", "text": "Uh wormhole looks uh yeah up 40% since"}, {"start": "00:32:47", "end": "00:32:51", "text": "the flip last week."}, {"start": "00:32:53", "end": "00:32:57", "text": "Or actually, it closed. It flipped like"}, {"start": "00:32:55", "end": "00:33:00", "text": "today during the midnight. Yeah. And"}, {"start": "00:32:57", "end": "00:33:03", "text": "it's up already since that uh midnight"}, {"start": "00:33:00", "end": "00:33:06", "text": "uh flip. Uh yeah, I mean this chart"}, {"start": "00:33:03", "end": "00:33:08", "text": "looks good. It's uh how much from the"}, {"start": "00:33:06", "end": "00:33:10", "text": "it's a bit of resistance here, but all"}, {"start": "00:33:08", "end": "00:33:12", "text": "charts have some kind of resistance just"}, {"start": "00:33:10", "end": "00:33:14", "text": "to get to this area is 100%. I mean from"}, {"start": "00:33:12", "end": "00:33:16", "text": "a risk persp perspective, I like how it"}, {"start": "00:33:14", "end": "00:33:17", "text": "looks."}, {"start": "00:33:16", "end": "00:33:20", "text": "It's kind of like with Stocknet. You"}, {"start": "00:33:17", "end": "00:33:22", "text": "remember Stocknet? Uh we discussed stock"}, {"start": "00:33:20", "end": "00:33:24", "text": "last stream. We said it looks good"}, {"start": "00:33:22", "end": "00:33:25", "text": "because you know just to recover to some"}, {"start": "00:33:24", "end": "00:33:29", "text": "previous resistances it's so much and to"}, {"start": "00:33:25", "end": "00:33:31", "text": "go to alltime high starting to like 30x"}, {"start": "00:33:29", "end": "00:33:32", "text": "uh and the chart looks kind of looks"}, {"start": "00:33:31", "end": "00:33:34", "text": "like this that it has fallen for so long"}, {"start": "00:33:32", "end": "00:33:37", "text": "and now it's bullish for the first time"}, {"start": "00:33:34", "end": "00:33:40", "text": "in a long time uh and just you know just"}, {"start": "00:33:37", "end": "00:33:42", "text": "to get back to like this resistance"}, {"start": "00:33:40", "end": "00:33:44", "text": "150%. So this chart I like there are"}, {"start": "00:33:42", "end": "00:33:47", "text": "many such charts now in the in the"}, {"start": "00:33:44", "end": "00:33:50", "text": "crypto space and uh"}, {"start": "00:33:47", "end": "00:33:52", "text": "that's why you really have to pay"}, {"start": "00:33:50", "end": "00:33:55", "text": "attention now. Uh there are many such"}, {"start": "00:33:52", "end": "00:33:58", "text": "charts in the crypto space. Uh let's see"}, {"start": "00:33:55", "end": "00:33:58", "text": "injective."}, {"start": "00:34:00", "end": "00:34:05", "text": "So yeah, injective you see here it's a"}, {"start": "00:34:02", "end": "00:34:07", "text": "bit uh worse because there's a big"}, {"start": "00:34:05", "end": "00:34:09", "text": "resistance cluster here and is just 50%"}, {"start": "00:34:07", "end": "00:34:12", "text": "pump to it. But also bullish I mean good"}, {"start": "00:34:09", "end": "00:34:15", "text": "in in in many regards but if we compare"}, {"start": "00:34:12", "end": "00:34:20", "text": "you see here just to get to this uh"}, {"start": "00:34:15", "end": "00:34:22", "text": "resistance uh cluster it's 50% and that"}, {"start": "00:34:20", "end": "00:34:24", "text": "one had 150%."}, {"start": "00:34:22", "end": "00:34:26", "text": "So if you love injective that's good I"}, {"start": "00:34:24", "end": "00:34:29", "text": "mean it is bull trend it's bull trend"}, {"start": "00:34:26", "end": "00:34:31", "text": "but at the same time if you can get"}, {"start": "00:34:29", "end": "00:34:35", "text": "those that have violent pump but it's"}, {"start": "00:34:31", "end": "00:34:37", "text": "even further uh to the resistance in my"}, {"start": "00:34:35", "end": "00:34:40", "text": "experience my personal opinion my"}, {"start": "00:34:37", "end": "00:34:42", "text": "personal opinion"}, {"start": "00:34:40", "end": "00:34:46", "text": "those are slightly more preferred but"}, {"start": "00:34:42", "end": "00:34:46", "text": "obviously bull trend is bull trend u"}, {"start": "00:34:51", "end": "00:34:54", "text": "oh guys by the Another thing, another"}, {"start": "00:34:52", "end": "00:34:56", "text": "thing"}, {"start": "00:34:54", "end": "00:34:58", "text": "all of the Cardano Charles fans, let me"}, {"start": "00:34:56", "end": "00:35:02", "text": "know if you love Charles, if you love"}, {"start": "00:34:58", "end": "00:35:05", "text": "Cardano. There is uh something which is"}, {"start": "00:35:02", "end": "00:35:08", "text": "so see I I uh think Charles is doing"}, {"start": "00:35:05", "end": "00:35:11", "text": "something very smart here because he"}, {"start": "00:35:08", "end": "00:35:12", "text": "understands that the best time to be"}, {"start": "00:35:11", "end": "00:35:13", "text": "bullish"}, {"start": "00:35:12", "end": "00:35:16", "text": ">> instead of sharing"}, {"start": "00:35:13", "end": "00:35:17", "text": ">> is before you ship too much. Uh you"}, {"start": "00:35:16", "end": "00:35:20", "text": "remember we discussed that when Cardano"}, {"start": "00:35:17", "end": "00:35:22", "text": "shipped smart contracts"}, {"start": "00:35:20", "end": "00:35:24", "text": "that was like the mega mega top and"}, {"start": "00:35:22", "end": "00:35:25", "text": "since then it's been down on it. By the"}, {"start": "00:35:24", "end": "00:35:27", "text": "way Cardano now looks okay. Cardano now"}, {"start": "00:35:25", "end": "00:35:28", "text": "is like also bullish for the first time"}, {"start": "00:35:27", "end": "00:35:30", "text": "since a long time. But you understand"}, {"start": "00:35:28", "end": "00:35:33", "text": "most people got rich in Cardano before"}, {"start": "00:35:30", "end": "00:35:35", "text": "they they had tech because when tech is"}, {"start": "00:35:33", "end": "00:35:37", "text": "there tech is never as good in reality"}, {"start": "00:35:35", "end": "00:35:40", "text": "as in fantasy. So you want to be in the"}, {"start": "00:35:37", "end": "00:35:41", "text": "fantasy land as long as possible. That's"}, {"start": "00:35:40", "end": "00:35:43", "text": "where the money is made. When there is"}, {"start": "00:35:41", "end": "00:35:46", "text": "real tech I mean then you actually have"}, {"start": "00:35:43", "end": "00:35:48", "text": "to compete. it becomes very very uh"}, {"start": "00:35:46", "end": "00:35:50", "text": "difficult."}, {"start": "00:35:48", "end": "00:35:52", "text": "So many coins not only Cardano once they"}, {"start": "00:35:50", "end": "00:35:55", "text": "actually ship tech it's down only. Now"}, {"start": "00:35:52", "end": "00:35:57", "text": "the most bullish time for Cardano you"}, {"start": "00:35:55", "end": "00:36:00", "text": "remember what it was? It was when"}, {"start": "00:35:57", "end": "00:36:03", "text": "Charles did whiteboard whiteboard and"}, {"start": "00:36:00", "end": "00:36:04", "text": "just spoke about uh and he looked like a"}, {"start": "00:36:03", "end": "00:36:08", "text": "60-year-old professor although he was"}, {"start": "00:36:04", "end": "00:36:11", "text": "like 30 like that image was very"}, {"start": "00:36:08", "end": "00:36:13", "text": "bullish. Now guys, with Midnight, this"}, {"start": "00:36:11", "end": "00:36:17", "text": "also makes me bullish because he's here"}, {"start": "00:36:13", "end": "00:36:20", "text": "doing kind of similar or the 18,000"}, {"start": "00:36:17", "end": "00:36:20", "text": "other projects that we have floating"}, {"start": "00:36:20", "end": "00:36:22", "text": "through."}, {"start": "00:36:20", "end": "00:36:25", "text": ">> Uh, by the way, I think he really kind"}, {"start": "00:36:22", "end": "00:36:26", "text": "of left Cardano. Uh, I mean, at least uh"}, {"start": "00:36:25", "end": "00:36:28", "text": "how he speaks. Let me see if I can find"}, {"start": "00:36:26", "end": "00:36:31", "text": "it. I was watching this yesterday. He"}, {"start": "00:36:28", "end": "00:36:33", "text": "said that Bitcoin is version one of"}, {"start": "00:36:31", "end": "00:36:34", "text": "blockchain and then ETH is version two,"}, {"start": "00:36:33", "end": "00:36:38", "text": "Cardano is version three, and then"}, {"start": "00:36:34", "end": "00:36:40", "text": "Midnight is version three. Okay, let's"}, {"start": "00:36:38", "end": "00:36:43", "text": "see if I can find it here somewhere."}, {"start": "00:36:40", "end": "00:36:47", "text": "It's here categories, but call them"}, {"start": "00:36:43", "end": "00:36:52", "text": "whatever you want. You're here in Japan"}, {"start": "00:36:47", "end": "00:36:55", "text": "for 15 and that I help together. So I"}, {"start": "00:36:52", "end": "00:36:58", "text": "started thinking, gosh, what if we could"}, {"start": "00:36:55", "end": "00:37:01", "text": "create a world,"}, {"start": "00:36:58", "end": "00:37:04", "text": "a magical little world where all these"}, {"start": "00:37:01", "end": "00:37:06", "text": "these these things, these these these"}, {"start": "00:37:04", "end": "00:37:09", "text": "night frames could live and act and work"}, {"start": "00:37:06", "end": "00:37:11", "text": "with each other and you could watch them"}, {"start": "00:37:09", "end": "00:37:12", "text": "grow, evolve, and then eventually use"}, {"start": "00:37:11", "end": "00:37:13", "text": "them to solve problems."}, {"start": "00:37:12", "end": "00:37:16", "text": ">> Guys, I'm trying to find where"}, {"start": "00:37:13", "end": "00:37:19", "text": ">> Well, how about Midnight City?"}, {"start": "00:37:16", "end": "00:37:20", "text": "That's what it is. All this time we've"}, {"start": "00:37:19", "end": "00:37:23", "text": "been talking about it. [applause]"}, {"start": "00:37:20", "end": "00:37:26", "text": "Oh, but you just broke your leg. Oh, no."}, {"start": "00:37:23", "end": "00:37:28", "text": "You were skiing. Had nothing"}, {"start": "00:37:26", "end": "00:37:29", "text": "capabilities. Anyway guys, somewhere"}, {"start": "00:37:28", "end": "00:37:30", "text": "here in this in this presentation, he"}, {"start": "00:37:29", "end": "00:37:33", "text": "said that Bitcoin is version one of"}, {"start": "00:37:30", "end": "00:37:35", "text": "blockchain, ETH is version three, two,"}, {"start": "00:37:33", "end": "00:37:37", "text": "Cardano version three, and Midnight"}, {"start": "00:37:35", "end": "00:37:39", "text": "version four. And he has all these big"}, {"start": "00:37:37", "end": "00:37:41", "text": "plans. And he's speaking in front of the"}, {"start": "00:37:39", "end": "00:37:45", "text": "whiteboard. I like that stage of the"}, {"start": "00:37:41", "end": "00:37:48", "text": "project. That stage of the project is"}, {"start": "00:37:45", "end": "00:37:48", "text": "wait is louder."}, {"start": "00:37:49", "end": "00:37:54", "text": "One second. has some magic cryptography."}, {"start": "00:37:52", "end": "00:37:57", "text": "Anyway, that stage of the project,"}, {"start": "00:37:54", "end": "00:38:00", "text": "whiteboard stage, it is the most"}, {"start": "00:37:57", "end": "00:38:03", "text": "bullish. It is the most bullish. Okay,"}, {"start": "00:38:00", "end": "00:38:05", "text": "so that's that. [snorts] Uh let's see"}, {"start": "00:38:03", "end": "00:38:08", "text": "how it will evolve. But the more he"}, {"start": "00:38:05", "end": "00:38:11", "text": "speaks and the less they ship, the more"}, {"start": "00:38:08", "end": "00:38:14", "text": "bullish. Okay, so if you are bullish"}, {"start": "00:38:11", "end": "00:38:15", "text": "night uh midnight, uh you you don't want"}, {"start": "00:38:14", "end": "00:38:18", "text": "to be shipping, guys. You don't want to"}, {"start": "00:38:15", "end": "00:38:21", "text": "be shipping. Uh, you want to be speaking"}, {"start": "00:38:18", "end": "00:38:21", "text": "about"}, {"start": "00:38:21", "end": "00:38:25", "text": "the future? Is it here? Oh, yeah, guys."}, {"start": "00:38:24", "end": "00:38:28", "text": "It's here. It's here. Wait, wait, wait,"}, {"start": "00:38:25", "end": "00:38:30", "text": "wait. It's here. I found it. I found the"}, {"start": "00:38:28", "end": "00:38:32", "text": "Here is where if you're holding ADA, uh,"}, {"start": "00:38:30", "end": "00:38:35", "text": "chart looks good, but charts may not be"}, {"start": "00:38:32", "end": "00:38:37", "text": "with you for long. Uh, listen here. Now,"}, {"start": "00:38:35", "end": "00:38:39", "text": "what can you do? You just send your"}, {"start": "00:38:37", "end": "00:38:42", "text": "Bitcoin around. And for some people, all"}, {"start": "00:38:39", "end": "00:38:45", "text": "these years later, since 2009, that's"}, {"start": "00:38:42", "end": "00:38:46", "text": "just enough. We call them maxis. And"}, {"start": "00:38:45", "end": "00:38:49", "text": "it's great to have them there and they"}, {"start": "00:38:46", "end": "00:38:52", "text": "certainly are very vocal people. But"}, {"start": "00:38:49", "end": "00:38:54", "text": "shortly after constructing Bitcoin, a"}, {"start": "00:38:52", "end": "00:38:55", "text": "lot of the people in the cryptocurrency"}, {"start": "00:38:54", "end": "00:38:57", "text": "ecosystem said, \"Well, we need a little"}, {"start": "00:38:55", "end": "00:39:00", "text": "bit more.\" And they say, \"Well, what do"}, {"start": "00:38:57", "end": "00:39:01", "text": "we need?\" Well, we need programmability."}, {"start": "00:39:00", "end": "00:39:04", "text": "We need the ability to write"}, {"start": "00:39:01", "end": "00:39:07", "text": "transactions. We need the ability to"}, {"start": "00:39:04", "end": "00:39:11", "text": "basically make things like issue our own"}, {"start": "00:39:07", "end": "00:39:14", "text": "asset, exchanges, dexes, prediction"}, {"start": "00:39:11", "end": "00:39:16", "text": "markets, all kinds of things. Guys, this"}, {"start": "00:39:14", "end": "00:39:19", "text": "is charts at his best when he's speaking"}, {"start": "00:39:16", "end": "00:39:21", "text": "about like he's a professor"}, {"start": "00:39:19", "end": "00:39:23", "text": "is is at his most bullish. His most"}, {"start": "00:39:21", "end": "00:39:27", "text": "bullish. So yeah, he speaks about ETH"}, {"start": "00:39:23", "end": "00:39:30", "text": "being uh generation two and look Cardano"}, {"start": "00:39:27", "end": "00:39:32", "text": "generation three, but then he has a"}, {"start": "00:39:30", "end": "00:39:34", "text": "bigger thing now."}, {"start": "00:39:32", "end": "00:39:35", "text": "No, we wanted to actually have something"}, {"start": "00:39:34", "end": "00:39:36", "text": "special there. And of course, there were"}, {"start": "00:39:35", "end": "00:39:38", "text": "many good things we learned from the"}, {"start": "00:39:36", "end": "00:39:40", "text": "Ethereum world as well. You'll you'll"}, {"start": "00:39:38", "end": "00:39:43", "text": "notice that the generations don't go"}, {"start": "00:39:40", "end": "00:39:45", "text": "away. They're there. They're nested"}, {"start": "00:39:43", "end": "00:39:47", "text": "inside, but we keep getting bigger and"}, {"start": "00:39:45", "end": "00:39:50", "text": "bigger."}, {"start": "00:39:47", "end": "00:39:53", "text": "So, eight years ago, we asked, well, as"}, {"start": "00:39:50", "end": "00:39:55", "text": "an R&D project, which has now turned"}, {"start": "00:39:53", "end": "00:39:57", "text": "into a real life thing, what's the next"}, {"start": "00:39:55", "end": "00:39:59", "text": "generation? Well, you know, you have a"}, {"start": "00:39:57", "end": "00:40:00", "text": "triangle. And before we had the"}, {"start": "00:39:59", "end": "00:40:03", "text": "triangle, what did we have? We had a"}, {"start": "00:40:00", "end": "00:40:05", "text": "line. Before that, we had a dot. So,"}, {"start": "00:40:03", "end": "00:40:07", "text": "maybe, just maybe, if you read the book"}, {"start": "00:40:05", "end": "00:40:09", "text": "Flatland, you have a square. How about"}, {"start": "00:40:07", "end": "00:40:11", "text": "that? Look at that. You know, it's hip"}, {"start": "00:40:09", "end": "00:40:13", "text": "to be square. Fourth generation is the"}, {"start": "00:40:11", "end": "00:40:15", "text": "fourth generation, guys."}, {"start": "00:40:13", "end": "00:40:18", "text": ">> So, yeah,"}, {"start": "00:40:15", "end": "00:40:20", "text": "that is the bull case for midnight. That"}, {"start": "00:40:18", "end": "00:40:22", "text": "is like Cardano before Charles shipped"}, {"start": "00:40:20", "end": "00:40:23", "text": "anything. He was speaking like a"}, {"start": "00:40:22", "end": "00:40:25", "text": "six-year-old professor, although he's"}, {"start": "00:40:23", "end": "00:40:28", "text": "thirsty."}, {"start": "00:40:25", "end": "00:40:31", "text": "And uh yeah, that that's that basically"}, {"start": "00:40:28", "end": "00:40:33", "text": "[laughter] think about that."}, {"start": "00:40:31", "end": "00:40:35", "text": "But guys, we keep it simple. And Cardano"}, {"start": "00:40:33", "end": "00:40:37", "text": "was at the peak right when they launched"}, {"start": "00:40:35", "end": "00:40:40", "text": "more contracts. So yeah, all that's"}, {"start": "00:40:37", "end": "00:40:43", "text": "that. That's guys."}, {"start": "00:40:40", "end": "00:40:44", "text": "Uh, but Cardano as a chart, it doesn't"}, {"start": "00:40:43", "end": "00:40:46", "text": "look bad. I mean, it's actually a bull"}, {"start": "00:40:44", "end": "00:40:48", "text": "trend. I tweeted the other day that it's"}, {"start": "00:40:46", "end": "00:40:51", "text": "the first time it's a bull trend in uh"}, {"start": "00:40:48", "end": "00:40:54", "text": "in ages. So, Cardano itself is not bad."}, {"start": "00:40:51", "end": "00:40:56", "text": "I mean, look here. Uh, it's minus 80%"}, {"start": "00:40:54", "end": "00:40:59", "text": "from the last cycle highs, - 91 from"}, {"start": "00:40:56", "end": "00:41:00", "text": "2021 high. So, all in all, chart wise,"}, {"start": "00:40:59", "end": "00:41:03", "text": "it's not bad. It's bullish right now."}, {"start": "00:41:00", "end": "00:41:05", "text": "It's bull trend. At the same time,"}, {"start": "00:41:03", "end": "00:41:06", "text": "Charles guys, he's on the fourth"}, {"start": "00:41:05", "end": "00:41:08", "text": "generation. You guys are stuck in the"}, {"start": "00:41:06", "end": "00:41:10", "text": "third generation. He's on the fourth"}, {"start": "00:41:08", "end": "00:41:12", "text": "generation. Okay, [laughter]"}, {"start": "00:41:10", "end": "00:41:14", "text": "man. Charles, you know, we joke about"}, {"start": "00:41:12", "end": "00:41:17", "text": "Charles, but he just uh create he he"}, {"start": "00:41:14", "end": "00:41:20", "text": "creates multi, you know, billion dollar"}, {"start": "00:41:17", "end": "00:41:22", "text": "assets kind of in an afternoon. You see"}, {"start": "00:41:20", "end": "00:41:25", "text": "the for I I love Charles for that. I"}, {"start": "00:41:22", "end": "00:41:28", "text": "mean, it's 815"}, {"start": "00:41:25", "end": "00:41:29", "text": "million market cap."}, {"start": "00:41:28", "end": "00:41:31", "text": "Of course, there's some R&D this and"}, {"start": "00:41:29", "end": "00:41:32", "text": "that, but mainly it's because he does"}, {"start": "00:41:31", "end": "00:41:35", "text": "whiteboard and people love the"}, {"start": "00:41:32", "end": "00:41:36", "text": "whiteboard, man. The best thing ever. I"}, {"start": "00:41:35", "end": "00:41:39", "text": "love the whiteboard. I love the"}, {"start": "00:41:36", "end": "00:41:41", "text": "whiteboard. So yeah, Midnight, we're"}, {"start": "00:41:39", "end": "00:41:43", "text": "keeping an eye. We're keeping an eye. As"}, {"start": "00:41:41", "end": "00:41:46", "text": "long as he doesn't ship tech, as long as"}, {"start": "00:41:43", "end": "00:41:48", "text": "he speaks whiteboard, he's the best man."}, {"start": "00:41:46", "end": "00:41:51", "text": "[laughter]"}, {"start": "00:41:48", "end": "00:41:51", "text": "Oh yeah."}, {"start": "00:41:52", "end": "00:41:57", "text": "Whenever I watch Charles, he gets so"}, {"start": "00:41:54", "end": "00:41:59", "text": "aggressive and always gives his haters"}, {"start": "00:41:57", "end": "00:42:04", "text": "screen time. But people want drama, man."}, {"start": "00:41:59", "end": "00:42:08", "text": "People want drama. I do not encourage."}, {"start": "00:42:04", "end": "00:42:10", "text": "So people people love the drama. So if"}, {"start": "00:42:08", "end": "00:42:12", "text": "there's no drama,"}, {"start": "00:42:10", "end": "00:42:16", "text": "less fun, man. He understands it. It's"}, {"start": "00:42:12", "end": "00:42:16", "text": "showbiz. Show."}, {"start": "00:42:16", "end": "00:42:21", "text": "So let's go back into the Q&A."}, {"start": "00:42:26", "end": "00:42:30", "text": "Rusty still stuck in the second"}, {"start": "00:42:28", "end": "00:42:32", "text": "generation. E hopefully it's going to go"}, {"start": "00:42:30", "end": "00:42:36", "text": "to moon. But it's the second generation."}, {"start": "00:42:32", "end": "00:42:36", "text": "You see HR is already on the fourth."}, {"start": "00:42:37", "end": "00:42:40", "text": "Was he 10 times louder? Yeah. Sorry."}, {"start": "00:42:39", "end": "00:42:42", "text": "Yes. I mean, we we have here some live"}, {"start": "00:42:40", "end": "00:42:44", "text": "stream. I'm not professional live"}, {"start": "00:42:42", "end": "00:42:47", "text": "streamer. Sometimes it's loud. Sometimes"}, {"start": "00:42:44", "end": "00:42:49", "text": "I I I see that it's loud. I decrease. It"}, {"start": "00:42:47", "end": "00:42:51", "text": "is what it is. It is what it is. You you"}, {"start": "00:42:49", "end": "00:42:54", "text": "you need to you need to get used to it's"}, {"start": "00:42:51", "end": "00:42:56", "text": "not the first year we do this. Okay. I I"}, {"start": "00:42:54", "end": "00:42:58", "text": "do my best, guys. When I see that"}, {"start": "00:42:56", "end": "00:42:59", "text": "something is loud, I try to bring it"}, {"start": "00:42:58", "end": "00:43:01", "text": "down."}, {"start": "00:42:59", "end": "00:43:03", "text": "Uh,"}, {"start": "00:43:01", "end": "00:43:05", "text": "and in this case, was he loud? Maybe he"}, {"start": "00:43:03", "end": "00:43:07", "text": "was loud."}, {"start": "00:43:05", "end": "00:43:09", "text": "Big big shout out to headphone users and"}, {"start": "00:43:07", "end": "00:43:11", "text": "big condolences to our dear dear dear"}, {"start": "00:43:09", "end": "00:43:15", "text": "headphone users. Hello. Any insight on"}, {"start": "00:43:11", "end": "00:43:17", "text": "Zcash? Why do you say Zcash like Zcash?"}, {"start": "00:43:15", "end": "00:43:20", "text": "See, I I get concerned when you when you"}, {"start": "00:43:17", "end": "00:43:22", "text": "cannot even spell the coin. You see, I"}, {"start": "00:43:20", "end": "00:43:25", "text": "get a bit concerned, you know, it's"}, {"start": "00:43:22", "end": "00:43:28", "text": "spelled just Z, not Z,"}, {"start": "00:43:25", "end": "00:43:30", "text": "you know. And then I I I don't want to I"}, {"start": "00:43:28", "end": "00:43:33", "text": "almost don't want to answer because"}, {"start": "00:43:30", "end": "00:43:36", "text": "you're gonna get fished. Some scammer is"}, {"start": "00:43:33", "end": "00:43:39", "text": "gonna give you zcash and you're gonna"}, {"start": "00:43:36", "end": "00:43:41", "text": "think it's Zcash. Is this this not how"}, {"start": "00:43:39", "end": "00:43:43", "text": "you spell it, man? Why why why you spell"}, {"start": "00:43:41", "end": "00:43:46", "text": "it like this? You know, and then people"}, {"start": "00:43:43", "end": "00:43:49", "text": "ask me, Ivan, why why you have"}, {"start": "00:43:46", "end": "00:43:51", "text": "why why why you put uh 100k restriction"}, {"start": "00:43:49", "end": "00:43:53", "text": "on on Bulmania? So because new members"}, {"start": "00:43:51", "end": "00:43:56", "text": "in Bulmania, guys, we only work with"}, {"start": "00:43:53", "end": "00:43:58", "text": "100k and up. man something people join"}, {"start": "00:43:56", "end": "00:43:59", "text": "ZF"}, {"start": "00:43:58", "end": "00:44:01", "text": "we you know we have to start so far back"}, {"start": "00:43:59", "end": "00:44:03", "text": "you know [laughter]"}, {"start": "00:44:01", "end": "00:44:04", "text": "we're basically leveling up Bulmania to"}, {"start": "00:44:03", "end": "00:44:06", "text": "be more of a high school the"}, {"start": "00:44:04", "end": "00:44:09", "text": "preschoolers"}, {"start": "00:44:06", "end": "00:44:11", "text": "learning spelling Zcash man we can we"}, {"start": "00:44:09", "end": "00:44:12", "text": "cannot handle that we cannot handle it I"}, {"start": "00:44:11", "end": "00:44:14", "text": "can handle it here in the free live"}, {"start": "00:44:12", "end": "00:44:17", "text": "stream in the free live stream I can"}, {"start": "00:44:14", "end": "00:44:20", "text": "handle that but man comfortable mania we"}, {"start": "00:44:17", "end": "00:44:22", "text": "we we put the restriction uh and by the"}, {"start": "00:44:20", "end": "00:44:25", "text": "way we've been saying that for a very"}, {"start": "00:44:22", "end": "00:44:27", "text": "long time that is we're gonna uh you"}, {"start": "00:44:25", "end": "00:44:29", "text": "know we're going to have less we but no"}, {"start": "00:44:27", "end": "00:44:30", "text": "no people some guy said oh I was waiting"}, {"start": "00:44:29", "end": "00:44:32", "text": "for Halloween discount I told you"}, {"start": "00:44:30", "end": "00:44:34", "text": "there's no Halloween discount there's no"}, {"start": "00:44:32", "end": "00:44:36", "text": "there's no discount we has zero never"}, {"start": "00:44:34", "end": "00:44:39", "text": "discounts never discounts it's only up"}, {"start": "00:44:36", "end": "00:44:42", "text": "up counts you [laughter] know increase"}, {"start": "00:44:39", "end": "00:44:43", "text": "we only increase we actually want we"}, {"start": "00:44:42", "end": "00:44:45", "text": "don't we don't want too many people"}, {"start": "00:44:43", "end": "00:44:47", "text": "there you see we we we try to find ways"}, {"start": "00:44:45", "end": "00:44:49", "text": "to ensure that it's a good uh uh supply"}, {"start": "00:44:47", "end": "00:44:51", "text": "demand and we only increase it's only"}, {"start": "00:44:49", "end": "00:44:53", "text": "going up just like Bitcoin so you ask"}, {"start": "00:44:51", "end": "00:44:56", "text": "what about Zcash so first and foremost"}, {"start": "00:44:53", "end": "00:45:00", "text": "spelling lesson. It's Zcash. Just just"}, {"start": "00:44:56", "end": "00:45:04", "text": "Z. Just Z. Okay."}, {"start": "00:45:00", "end": "00:45:06", "text": "Next. Uh chart bullish. It's up 52%"}, {"start": "00:45:04", "end": "00:45:10", "text": "since the last bull flip right here. So,"}, {"start": "00:45:06", "end": "00:45:12", "text": "it looks very good. Um yeah, can I mean"}, {"start": "00:45:10", "end": "00:45:15", "text": "guys this thing I don't I don't want to,"}, {"start": "00:45:12", "end": "00:45:17", "text": "you know, overexaggerate, but it can go"}, {"start": "00:45:15", "end": "00:45:19", "text": "very very high. As long as it's bull"}, {"start": "00:45:17", "end": "00:45:21", "text": "trend, we're very bullish on Zcash. It"}, {"start": "00:45:19", "end": "00:45:25", "text": "is the story of this cycle with the"}, {"start": "00:45:21", "end": "00:45:27", "text": "privacy. It is HTTPS for uh HTTP and"}, {"start": "00:45:25", "end": "00:45:30", "text": "Bitcoin is HTTP. You understand? So"}, {"start": "00:45:27", "end": "00:45:33", "text": "yeah, my bad Zcash. Okay, big shout. Big"}, {"start": "00:45:30", "end": "00:45:38", "text": "shout out to Morgan Small."}, {"start": "00:45:33", "end": "00:45:40", "text": "What is small? Morgan Small."}, {"start": "00:45:38", "end": "00:45:42", "text": "Yeah. Yeah. No, no worries. Big shout"}, {"start": "00:45:40", "end": "00:45:44", "text": "out to Morgan."}, {"start": "00:45:42", "end": "00:45:47", "text": "But why are you small? It's your last"}, {"start": "00:45:44", "end": "00:45:50", "text": "name. Big shout. Big shout. Uh we love"}, {"start": "00:45:47", "end": "00:45:55", "text": "Morgan."}, {"start": "00:45:50", "end": "00:45:58", "text": "Uh Andrew Jackson said"}, {"start": "00:45:55", "end": "00:46:00", "text": "uh it's a sign of a poor mind if one can"}, {"start": "00:45:58", "end": "00:46:01", "text": "only think of one way to spell a word of"}, {"start": "00:46:00", "end": "00:46:05", "text": "mine. That's that's poetic. That's"}, {"start": "00:46:01", "end": "00:46:07", "text": "philosophical. Uh that from a"}, {"start": "00:46:05", "end": "00:46:10", "text": "philosophical question, I guess it makes"}, {"start": "00:46:07", "end": "00:46:14", "text": "sense from getting fished and scammed."}, {"start": "00:46:10", "end": "00:46:16", "text": "There's only one one URL. Don't don't"}, {"start": "00:46:14", "end": "00:46:18", "text": "misspell URLs. You go to the wrong URL"}, {"start": "00:46:16", "end": "00:46:20", "text": "because you're philosophical about the"}, {"start": "00:46:18", "end": "00:46:22", "text": "spelling. Uh, he's not going to save"}, {"start": "00:46:20", "end": "00:46:25", "text": "you. He's going to get drained. One"}, {"start": "00:46:22", "end": "00:46:25", "text": "ticker."}, {"start": "00:46:25", "end": "00:46:31", "text": "Uh, is postquantum coins the next big"}, {"start": "00:46:29", "end": "00:46:34", "text": "narrative? Yeah, it's kind of already"}, {"start": "00:46:31", "end": "00:46:36", "text": "is. You see near going up a lot. It's a"}, {"start": "00:46:34", "end": "00:46:38", "text": "It's already is and for sure. For for"}, {"start": "00:46:36", "end": "00:46:42", "text": "sure. For sure. Quantum is a big uh"}, {"start": "00:46:38", "end": "00:46:44", "text": "problem. It's a big danger."}, {"start": "00:46:42", "end": "00:46:47", "text": "Another big danger is getting hacked"}, {"start": "00:46:44", "end": "00:46:47", "text": "just by AI."}, {"start": "00:46:49", "end": "00:46:54", "text": "Do you remember dash? Yeah, dash I"}, {"start": "00:46:52", "end": "00:46:57", "text": "remember. I I haven't checked in it only"}, {"start": "00:46:54", "end": "00:47:01", "text": "a very long time but dash time with"}, {"start": "00:46:57", "end": "00:47:01", "text": "optional privacy."}, {"start": "00:47:07", "end": "00:47:10", "text": "Ivan, I didn't see your live stream on"}, {"start": "00:47:08", "end": "00:47:14", "text": "my homepage. Yeah, that's why you need"}, {"start": "00:47:10", "end": "00:47:17", "text": "to go to uh Bulmania newsletter below so"}, {"start": "00:47:14", "end": "00:47:18", "text": "you ensure that uh"}, {"start": "00:47:17", "end": "00:47:21", "text": "you we're in touch that you have me in"}, {"start": "00:47:18", "end": "00:47:23", "text": "your pocket below. Okay, very important."}, {"start": "00:47:21", "end": "00:47:26", "text": "I mean I wish guys I wish I would be"}, {"start": "00:47:23", "end": "00:47:29", "text": "able to control YouTube uh homepage that"}, {"start": "00:47:26", "end": "00:47:32", "text": "I could put our streams there every day"}, {"start": "00:47:29", "end": "00:47:34", "text": "the first but YouTube does not work that"}, {"start": "00:47:32", "end": "00:47:36", "text": "way unfortunately. [laughter]"}, {"start": "00:47:34", "end": "00:47:38", "text": "You are at the whim of the algorithm"}, {"start": "00:47:36", "end": "00:47:40", "text": "whether they show or not show. So either"}, {"start": "00:47:38", "end": "00:47:43", "text": "you can you can just type yourself I'm"}, {"start": "00:47:40", "end": "00:47:46", "text": "on tech uh stream you can join the"}, {"start": "00:47:43", "end": "00:47:48", "text": "newsletter you can um"}, {"start": "00:47:46", "end": "00:47:51", "text": "set a reminder maybe you can you can buy"}, {"start": "00:47:48", "end": "00:47:55", "text": "a you know a clock like this uh vintage"}, {"start": "00:47:51", "end": "00:47:57", "text": "that every morning tells you it goes off"}, {"start": "00:47:55", "end": "00:47:58", "text": "you can set a reminder in many different"}, {"start": "00:47:57", "end": "00:48:01", "text": "ways that's what actually I would"}, {"start": "00:47:58", "end": "00:48:03", "text": "encourage you guys go to your phone set"}, {"start": "00:48:01", "end": "00:48:05", "text": "a reminder like there there must be a"}, {"start": "00:48:03", "end": "00:48:08", "text": "reminder app set a reminder to watch the"}, {"start": "00:48:05", "end": "00:48:13", "text": "stream every day so you yourself to take"}, {"start": "00:48:08", "end": "00:48:13", "text": "the destiny in your own hand. Um,"}, {"start": "00:48:15", "end": "00:48:19", "text": "loving ETH privacy. Yeah, what's"}, {"start": "00:48:18", "end": "00:48:21", "text": "happening with ETH privacy? There's"}, {"start": "00:48:19", "end": "00:48:22", "text": "always something, but all of it fails"}, {"start": "00:48:21", "end": "00:48:24", "text": "always. There was I remember there was"}, {"start": "00:48:22", "end": "00:48:26", "text": "this Aztec protocol. Where is Aztec"}, {"start": "00:48:24", "end": "00:48:30", "text": "protocol? No one cares about Aztec"}, {"start": "00:48:26", "end": "00:48:33", "text": "protocol. There was uh yeah, there are a"}, {"start": "00:48:30", "end": "00:48:36", "text": "few of these things they try to do"}, {"start": "00:48:33", "end": "00:48:39", "text": "and uh always failing. always failing"}, {"start": "00:48:36", "end": "00:48:42", "text": "because you need to fix it on the base"}, {"start": "00:48:39", "end": "00:48:44", "text": "layer. Tornado Cash tried fixing it as a"}, {"start": "00:48:42", "end": "00:48:46", "text": "smart contract. Now the guy is trying to"}, {"start": "00:48:44", "end": "00:48:48", "text": "not to get jailed. He's fighting and"}, {"start": "00:48:46", "end": "00:48:52", "text": "fighting. Big shout to Roman. He's still"}, {"start": "00:48:48", "end": "00:48:54", "text": "fighting to not get jailed."}, {"start": "00:48:52", "end": "00:48:56", "text": "And that's why privacy has to be at the"}, {"start": "00:48:54", "end": "00:48:58", "text": "base layer, not some kind of smart"}, {"start": "00:48:56", "end": "00:48:59", "text": "contract on top because that is a big"}, {"start": "00:48:58", "end": "00:49:02", "text": "risk for whoever does the smart"}, {"start": "00:48:59", "end": "00:49:06", "text": "contract. But if it's on a base layer"}, {"start": "00:49:02", "end": "00:49:09", "text": "and Black Rockck already owns half of it"}, {"start": "00:49:06", "end": "00:49:10", "text": "in the ETF,"}, {"start": "00:49:09", "end": "00:49:13", "text": "perfect. [laughter]"}, {"start": "00:49:10", "end": "00:49:15", "text": "Okay, they already own it, you know."}, {"start": "00:49:13", "end": "00:49:16", "text": "Should let's say Bitcoin add privacy on"}, {"start": "00:49:15", "end": "00:49:18", "text": "the base layer, it will it will never"}, {"start": "00:49:16", "end": "00:49:20", "text": "happen because it's to change the"}, {"start": "00:49:18", "end": "00:49:23", "text": "smallest thing. It's, you know, 10 plus"}, {"start": "00:49:20", "end": "00:49:26", "text": "years. But other faster ones, let's say"}, {"start": "00:49:23", "end": "00:49:28", "text": "if they could add on the base layer,"}, {"start": "00:49:26", "end": "00:49:28", "text": "[snorts]"}, {"start": "00:49:31", "end": "00:49:36", "text": "do you think Axel will make a comeback?"}, {"start": "00:49:34", "end": "00:49:38", "text": "Uh, let's see."}, {"start": "00:49:36", "end": "00:49:39", "text": "From a chart perspective, from a tech"}, {"start": "00:49:38", "end": "00:49:40", "text": "perspective, I haven't been following"}, {"start": "00:49:39", "end": "00:49:43", "text": "too much, so I have no clue what they do"}, {"start": "00:49:40", "end": "00:49:45", "text": "on the tech perspective. Uh, don't worry"}, {"start": "00:49:43", "end": "00:49:48", "text": "too much about it. It's it's bare trend."}, {"start": "00:49:45", "end": "00:49:51", "text": "It's still creating"}, {"start": "00:49:48", "end": "00:49:52", "text": "lower highs. So"}, {"start": "00:49:51", "end": "00:49:54", "text": "I I wouldn't worry too much. It first"}, {"start": "00:49:52", "end": "00:49:56", "text": "needs to go to bull trend and then at"}, {"start": "00:49:54", "end": "00:49:58", "text": "least create one high. I mean at least"}, {"start": "00:49:56", "end": "00:50:02", "text": "close here because that would be the"}, {"start": "00:49:58", "end": "00:50:03", "text": "first uh real higher high from this. So"}, {"start": "00:50:02", "end": "00:50:06", "text": "for now don't worry too much especially"}, {"start": "00:50:03", "end": "00:50:08", "text": "don't worry about the tech. Oh yeah guys"}, {"start": "00:50:06", "end": "00:50:11", "text": "by the way there is we need to speak a"}, {"start": "00:50:08", "end": "00:50:14", "text": "bit about penguins paj penguin because"}, {"start": "00:50:11", "end": "00:50:16", "text": "the situation with Luca is becoming not"}, {"start": "00:50:14", "end": "00:50:18", "text": "too good. uh you see it's bull trend but"}, {"start": "00:50:16", "end": "00:50:20", "text": "it actually had a massive dump here and"}, {"start": "00:50:18", "end": "00:50:21", "text": "that's normally not good either. You"}, {"start": "00:50:20", "end": "00:50:23", "text": "want bull trend to happen and then it"}, {"start": "00:50:21", "end": "00:50:25", "text": "pumps. So paj penguin they become"}, {"start": "00:50:23", "end": "00:50:28", "text": "bullish only if they come above this"}, {"start": "00:50:25", "end": "00:50:30", "text": "line but you know with the situation"}, {"start": "00:50:28", "end": "00:50:35", "text": "with abstract"}, {"start": "00:50:30", "end": "00:50:37", "text": "uh it is bigger than uh than just uh you"}, {"start": "00:50:35", "end": "00:50:38", "text": "know some farmers. I mean at first at"}, {"start": "00:50:37", "end": "00:50:40", "text": "first I thought it would just be some"}, {"start": "00:50:38", "end": "00:50:43", "text": "farmers that are that are mad and that's"}, {"start": "00:50:40", "end": "00:50:45", "text": "it. But it kind of became a massive"}, {"start": "00:50:43", "end": "00:50:50", "text": "thing. A massive thing. And Luka here"}, {"start": "00:50:45", "end": "00:50:52", "text": "has to step step up and um and uh speak"}, {"start": "00:50:50", "end": "00:50:54", "text": "to the community"}, {"start": "00:50:52", "end": "00:50:56", "text": "um basically do stuff. Let's see. Is"}, {"start": "00:50:54", "end": "00:50:58", "text": "Luka doing stuff? Uh he can I don't"}, {"start": "00:50:56", "end": "00:51:00", "text": "think he can be quite too long. I"}, {"start": "00:50:58", "end": "00:51:03", "text": "wouldn't be quite too long here. He"}, {"start": "00:51:00", "end": "00:51:06", "text": "Yeah. See, so big shout out to everyone"}, {"start": "00:51:03", "end": "00:51:07", "text": "who's trying to fix this with in in"}, {"start": "00:51:06", "end": "00:51:10", "text": "pudges like this guy who is some kind of"}, {"start": "00:51:07", "end": "00:51:13", "text": "billionaire. He bought 117 pudges. But"}, {"start": "00:51:10", "end": "00:51:18", "text": "you see, the community is clearly mad as"}, {"start": "00:51:13", "end": "00:51:21", "text": "hell on Luca. Mad as hell in ways where"}, {"start": "00:51:18", "end": "00:51:23", "text": "it's no longer just uh you know some"}, {"start": "00:51:21", "end": "00:51:26", "text": "farmer. I mean apparently many people"}, {"start": "00:51:23", "end": "00:51:28", "text": "have been farming you know in Bulmania"}, {"start": "00:51:26", "end": "00:51:30", "text": "and here on this channel we we don't"}, {"start": "00:51:28", "end": "00:51:31", "text": "farm guys. I mean it's anything can"}, {"start": "00:51:30", "end": "00:51:35", "text": "happen."}, {"start": "00:51:31", "end": "00:51:37", "text": "But if they farmed so long and now"}, {"start": "00:51:35", "end": "00:51:40", "text": "they're mad, you know, Luca has to step"}, {"start": "00:51:37", "end": "00:51:42", "text": "in and uh do stuff."}, {"start": "00:51:40", "end": "00:51:44", "text": "um"}, {"start": "00:51:42", "end": "00:51:46", "text": "bring the community together. I don't"}, {"start": "00:51:44", "end": "00:51:49", "text": "think that being quiet is a good"}, {"start": "00:51:46", "end": "00:51:52", "text": "solution here needs to step in and bring"}, {"start": "00:51:49", "end": "00:51:54", "text": "the community together. Uh all in all,"}, {"start": "00:51:52", "end": "00:51:55", "text": "shutting down product, I have no problem"}, {"start": "00:51:54", "end": "00:51:57", "text": "with shutting down product. Shutting"}, {"start": "00:51:55", "end": "00:51:59", "text": "down product you don't want to focus on,"}, {"start": "00:51:57", "end": "00:52:02", "text": "shut it down. Shut it down. Focus on"}, {"start": "00:51:59", "end": "00:52:04", "text": "stuff that uh you want to focus on. If"}, {"start": "00:52:02", "end": "00:52:05", "text": "you tried something, it did not work,"}, {"start": "00:52:04", "end": "00:52:07", "text": "shut it down. I have no problem with"}, {"start": "00:52:05", "end": "00:52:09", "text": "shutting down. But then you have to"}, {"start": "00:52:07", "end": "00:52:12", "text": "manage whoever, you know, they they"}, {"start": "00:52:09", "end": "00:52:14", "text": "farmed all all of this. Probably should"}, {"start": "00:52:12", "end": "00:52:16", "text": "have been more careful with hyping it up"}, {"start": "00:52:14", "end": "00:52:19", "text": "also with the uh airdrop. But at the"}, {"start": "00:52:16", "end": "00:52:21", "text": "same time, that I can understand because"}, {"start": "00:52:19", "end": "00:52:23", "text": "as a founder, you have to be all in"}, {"start": "00:52:21", "end": "00:52:25", "text": "until you're not."}, {"start": "00:52:23", "end": "00:52:26", "text": "You have to be all in until you're not."}, {"start": "00:52:25", "end": "00:52:28", "text": "There's no way to be a founder and be"}, {"start": "00:52:26", "end": "00:52:31", "text": "like 50/50. But yeah, managing"}, {"start": "00:52:28", "end": "00:52:35", "text": "expectation a bit better probably good."}, {"start": "00:52:31", "end": "00:52:38", "text": "Um so with Pa guys we need to get above"}, {"start": "00:52:35", "end": "00:52:43", "text": "that line to be bull uh here"}, {"start": "00:52:38", "end": "00:52:44", "text": "and uh within the coming weeks he will"}, {"start": "00:52:43", "end": "00:52:49", "text": "have to bring the community together in"}, {"start": "00:52:44", "end": "00:52:52", "text": "one way or another and uh yeah"}, {"start": "00:52:49", "end": "00:52:54", "text": "people wanted the damn airrop in"}, {"start": "00:52:52", "end": "00:52:57", "text": "abstract. They're super angry. They're"}, {"start": "00:52:54", "end": "00:52:59", "text": "super angry."}, {"start": "00:52:57", "end": "00:53:01", "text": "They're people are super angry for the"}, {"start": "00:52:59", "end": "00:53:03", "text": "abstract way more than I thought. But"}, {"start": "00:53:01", "end": "00:53:04", "text": "also, you know, I don't farm, so for me"}, {"start": "00:53:03", "end": "00:53:06", "text": "it's like, okay, they shut it down."}, {"start": "00:53:04", "end": "00:53:09", "text": "Perfect. I mean, to me, it's better"}, {"start": "00:53:06", "end": "00:53:10", "text": "because no one cares about abstract"}, {"start": "00:53:09", "end": "00:53:14", "text": "anyway. You cannot compete with Robin"}, {"start": "00:53:10", "end": "00:53:16", "text": "Hood chain. So, if I have my Pi, I have"}, {"start": "00:53:14", "end": "00:53:17", "text": "the Pango coin. I would rather have the"}, {"start": "00:53:16", "end": "00:53:20", "text": "founder focus on stuff that's going to"}, {"start": "00:53:17", "end": "00:53:22", "text": "pump that and not waste time on trying"}, {"start": "00:53:20", "end": "00:53:24", "text": "to do stuff which will not work anyway"}, {"start": "00:53:22", "end": "00:53:26", "text": "because let's be honest abstract would"}, {"start": "00:53:24", "end": "00:53:29", "text": "not be able to beat Robin Hood or Solana"}, {"start": "00:53:26", "end": "00:53:32", "text": "anyway. It's a totally different thing."}, {"start": "00:53:29", "end": "00:53:34", "text": "[snorts] It's uh it's worth worth was"}, {"start": "00:53:32", "end": "00:53:36", "text": "worth a try but clearly after so long"}, {"start": "00:53:34", "end": "00:53:38", "text": "time."}, {"start": "00:53:36", "end": "00:53:39", "text": "So yeah interesting it's you have"}, {"start": "00:53:38", "end": "00:53:42", "text": "community, you have what makes business"}, {"start": "00:53:39", "end": "00:53:46", "text": "sense and you have the NFT and you have"}, {"start": "00:53:42", "end": "00:53:48", "text": "everything else. Um but it's clear that"}, {"start": "00:53:46", "end": "00:53:51", "text": "there is some good faith that has been"}, {"start": "00:53:48", "end": "00:53:52", "text": "used here that has been uh because Luca"}, {"start": "00:53:51", "end": "00:53:54", "text": "has been accumulating good faith."}, {"start": "00:53:52", "end": "00:53:58", "text": "Everyone loves Luca. Everyone loves Luca"}, {"start": "00:53:54", "end": "00:54:00", "text": "and here he expanded a portion of that."}, {"start": "00:53:58", "end": "00:54:02", "text": "Hopefully it can be regained."}, {"start": "00:54:00", "end": "00:54:03", "text": "Uh if he brings the communities together"}, {"start": "00:54:02", "end": "00:54:06", "text": "but yeah that's the current state of"}, {"start": "00:54:03", "end": "00:54:06", "text": "affairs."}, {"start": "00:54:06", "end": "00:54:11", "text": "That's current state of affairs"}, {"start": "00:54:09", "end": "00:54:13", "text": "man. Hexacons they live off of the good"}, {"start": "00:54:11", "end": "00:54:16", "text": "faith already now for 10 years soon. You"}, {"start": "00:54:13", "end": "00:54:18", "text": "understand? They had a bit of a pump in"}, {"start": "00:54:16", "end": "00:54:21", "text": "Hex in 2020 or when it when it was"}, {"start": "00:54:18", "end": "00:54:23", "text": "they're still living off of that. So you"}, {"start": "00:54:21", "end": "00:54:25", "text": "guys Matt, you know all about it."}, {"start": "00:54:23", "end": "00:54:25", "text": "[laughter]"}, {"start": "00:54:25", "end": "00:54:30", "text": "Oh yeah. Guys, that's it. Listen, thank"}, {"start": "00:54:27", "end": "00:54:32", "text": "you very much for being here."}, {"start": "00:54:30", "end": "00:54:34", "text": "Uh, thank you very much for contributing"}, {"start": "00:54:32", "end": "00:54:38", "text": "to the stream with great questions."}, {"start": "00:54:34", "end": "00:54:40", "text": "Smash up the like, subscribe."}, {"start": "00:54:38", "end": "00:54:42", "text": "Um, if you have more than 100k in your"}, {"start": "00:54:40", "end": "00:54:44", "text": "portfolio, then go to bullman.com, sign"}, {"start": "00:54:42", "end": "00:54:46", "text": "for the wait list for when Bulmania"}, {"start": "00:54:44", "end": "00:54:49", "text": "opens up. If you don't have, it's fine."}, {"start": "00:54:46", "end": "00:54:51", "text": "Just go to bull.com/subscribe. This is"}, {"start": "00:54:49", "end": "00:54:53", "text": "the plebe plebe place, which is"}, {"start": "00:54:51", "end": "00:54:55", "text": "fantastic, guys. I mean, I love the"}, {"start": "00:54:53", "end": "00:54:56", "text": "playlist also. I love the plebus also,"}, {"start": "00:54:55", "end": "00:54:59", "text": "but it's the newsletter, guys. It's the"}, {"start": "00:54:56", "end": "00:55:02", "text": "free free free newsletter. Is the free"}, {"start": "00:54:59", "end": "00:55:04", "text": "newsletter. If you have more than 100k"}, {"start": "00:55:02", "end": "00:55:07", "text": "uh 100k or more, then you're eligible"}, {"start": "00:55:04", "end": "00:55:09", "text": "for bullmania. Otherwise, you are"}, {"start": "00:55:07", "end": "00:55:11", "text": "eligible for the free free free"}, {"start": "00:55:09", "end": "00:55:14", "text": "fantastic newsletter. Fantastic"}, {"start": "00:55:11", "end": "00:55:16", "text": "newsletter. Guys, that's it. Thank you"}, {"start": "00:55:14", "end": "00:55:19", "text": "very much. Have a good week. New week"}, {"start": "00:55:16", "end": "00:55:22", "text": "starting. We did use the May high as"}, {"start": "00:55:19", "end": "00:55:24", "text": "support. And hopefully now pop."}, {"start": "00:55:22", "end": "00:55:25", "text": "Valhalla. Valhalla. If not, we have risk"}, {"start": "00:55:24", "end": "00:55:27", "text": "management. We're going to we're going"}, {"start": "00:55:25", "end": "00:55:28", "text": "to be good aim, guys. I mean, we're"}, {"start": "00:55:27", "end": "00:55:30", "text": "going to be good no matter what happens."}, {"start": "00:55:28", "end": "00:55:31", "text": "We have mechanical rules. We're going to"}, {"start": "00:55:30", "end": "00:55:32", "text": "be good no matter what happens. That's"}, {"start": "00:55:31", "end": "00:55:36", "text": "it. Have a good day and goodbye."}, {"start": "00:55:32", "end": "00:55:36", "text": "Goodbye. Bye-bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Let's go live as soon as possible."}, {"start": "00:00:04", "end": "00:00:08", "text": "Oh yes. Oh yes. Yes. Oh yes. Guys,"}, {"start": "00:00:06", "end": "00:00:11", "text": "welcome to another episode. And as right"}, {"start": "00:00:08", "end": "00:00:14", "text": "now, Bitcoin is still at this very, very"}, {"start": "00:00:11", "end": "00:00:17", "text": "important support, which is the May"}, {"start": "00:00:14", "end": "00:00:19", "text": "high. This is so important support. And"}, {"start": "00:00:17", "end": "00:00:22", "text": "people are asking me, Ivan, what is your"}, {"start": "00:00:19", "end": "00:00:24", "text": "line in the sand? What's your line in"}, {"start": "00:00:22", "end": "00:00:27", "text": "the sand? Because if you look at the"}, {"start": "00:00:24", "end": "00:00:30", "text": "picture here, we have a line in the"}, {"start": "00:00:27", "end": "00:00:33", "text": "sand. Ben Cowan also speaks about lines"}, {"start": "00:00:30", "end": "00:00:36", "text": "in the sand. And I thought, let me show"}, {"start": "00:00:33", "end": "00:00:39", "text": "you my line in the in the sand. When are"}, {"start": "00:00:36", "end": "00:00:42", "text": "we bull? When are we bare? What's"}, {"start": "00:00:39", "end": "00:00:44", "text": "happening? Where is this magical"}, {"start": "00:00:42", "end": "00:00:47", "text": "beautiful line in the sand where if we"}, {"start": "00:00:44", "end": "00:00:49", "text": "cross it, we go to zero. Where is it?"}, {"start": "00:00:47", "end": "00:00:50", "text": "Where is it? Let's try to find it"}, {"start": "00:00:49", "end": "00:00:52", "text": "together. And by the way, let me know"}, {"start": "00:00:50", "end": "00:00:54", "text": "what you think about this thumbnail."}, {"start": "00:00:52", "end": "00:00:56", "text": "Sometimes people email me and tell me,"}, {"start": "00:00:54", "end": "00:00:58", "text": "Ivan, you need to hire a professional"}, {"start": "00:00:56", "end": "00:01:01", "text": "designer. There is always some kind of"}, {"start": "00:00:58", "end": "00:01:04", "text": "Indian dude pitching me that he can do"}, {"start": "00:01:01", "end": "00:01:07", "text": "my design better. But guys, this is art."}, {"start": "00:01:04", "end": "00:01:09", "text": "I don't know if anyone would be would be"}, {"start": "00:01:07", "end": "00:01:11", "text": "able to do it better."}, {"start": "00:01:09", "end": "00:01:13", "text": "You know this Indian guy, he's like,"}, {"start": "00:01:11", "end": "00:01:15", "text": "\"Hey sir,\" and then he shows me a"}, {"start": "00:01:13", "end": "00:01:18", "text": "picture, but it's just a generic this"}, {"start": "00:01:15", "end": "00:01:20", "text": "polished YouTube thumbnail. What What do"}, {"start": "00:01:18", "end": "00:01:22", "text": "you want me? I don't want a generic"}, {"start": "00:01:20", "end": "00:01:24", "text": "polished YouTube thumbnail. Everyone"}, {"start": "00:01:22", "end": "00:01:27", "text": "knows it's a scam. Everyone knows it's"}, {"start": "00:01:24", "end": "00:01:30", "text": "uh it's soulless. Here you have homemade"}, {"start": "00:01:27", "end": "00:01:32", "text": "guys. Homemade. I drew this. I drew this"}, {"start": "00:01:30", "end": "00:01:33", "text": "lines. Everything I draw myself fully"}, {"start": "00:01:32", "end": "00:01:35", "text": "myself. Guys, welcome everyone who is"}, {"start": "00:01:33", "end": "00:01:37", "text": "watching live. We'll be discussing the"}, {"start": "00:01:35", "end": "00:01:38", "text": "line in the sand. We'll be going to all"}, {"start": "00:01:37", "end": "00:01:41", "text": "coins. We'll be going to your questions."}, {"start": "00:01:38", "end": "00:01:43", "text": "We'll be going to everything everything."}, {"start": "00:01:41", "end": "00:01:45", "text": "And as always, we do have a big fat"}, {"start": "00:01:43", "end": "00:01:47", "text": "beautiful disclaimer and that's that"}, {"start": "00:01:45", "end": "00:01:49", "text": "it's not financial advice. I mean, for"}, {"start": "00:01:47", "end": "00:01:51", "text": "all I know, you could be color blind."}, {"start": "00:01:49", "end": "00:01:54", "text": "Maybe you click the wrong buttons. You"}, {"start": "00:01:51", "end": "00:01:56", "text": "think green is sell and red is buy. You"}, {"start": "00:01:54", "end": "00:01:58", "text": "could lose all your money in crypto and"}, {"start": "00:01:56", "end": "00:01:59", "text": "this is just entertainment. Just"}, {"start": "00:01:58", "end": "00:02:01", "text": "entertainment. We're just here to"}, {"start": "00:01:59", "end": "00:02:03", "text": "entertain you and Guzman is here to time"}, {"start": "00:02:01", "end": "00:02:04", "text": "stamp you. So, welcome everyone. Smash"}, {"start": "00:02:03", "end": "00:02:06", "text": "up the like. Subscribe if you haven't"}, {"start": "00:02:04", "end": "00:02:09", "text": "yet. So, let's speak about Bitcoin. As"}, {"start": "00:02:06", "end": "00:02:13", "text": "you know, guys, as you know, guys, uh we"}, {"start": "00:02:09", "end": "00:02:16", "text": "don't have any kind of situation where"}, {"start": "00:02:13", "end": "00:02:18", "text": "we either are all in or we're all out."}, {"start": "00:02:16", "end": "00:02:20", "text": "Especially if you are in Bulmania, you"}, {"start": "00:02:18", "end": "00:02:23", "text": "know that no kind of professional trader"}, {"start": "00:02:20", "end": "00:02:25", "text": "clicks a button and goes all in. No kind"}, {"start": "00:02:23", "end": "00:02:27", "text": "of professional investor just clicks a"}, {"start": "00:02:25", "end": "00:02:31", "text": "button all in all in. So that's why this"}, {"start": "00:02:27", "end": "00:02:33", "text": "whole notion of line in the sand in my"}, {"start": "00:02:31", "end": "00:02:36", "text": "view in my view from a practical"}, {"start": "00:02:33", "end": "00:02:38", "text": "perspective it is retardive. Speaking"}, {"start": "00:02:36", "end": "00:02:42", "text": "about line in the sand but you know if"}, {"start": "00:02:38", "end": "00:02:43", "text": "it goes one millise here 1 millent there"}, {"start": "00:02:42", "end": "00:02:46", "text": "and now suddenly boop that's the line in"}, {"start": "00:02:43", "end": "00:02:48", "text": "the sand. That's not how markets work."}, {"start": "00:02:46", "end": "00:02:50", "text": "Now of course when you have a change of"}, {"start": "00:02:48", "end": "00:02:52", "text": "trend you go from a bull trend to a bare"}, {"start": "00:02:50", "end": "00:02:53", "text": "trend. You can argue that that's kind of"}, {"start": "00:02:52", "end": "00:02:55", "text": "a line in the sand. I mean, when when it"}, {"start": "00:02:53", "end": "00:02:57", "text": "went here to bull trend, we said we're"}, {"start": "00:02:55", "end": "00:02:59", "text": "bullish. Does it mean that you go all in"}, {"start": "00:02:57", "end": "00:03:01", "text": "with all your portfolio in one"}, {"start": "00:02:59", "end": "00:03:02", "text": "millisecond? No, it doesn't mean that."}, {"start": "00:03:01", "end": "00:03:05", "text": "It means risk on. It means accumulate."}, {"start": "00:03:02", "end": "00:03:08", "text": "It means being being bullish just like"}, {"start": "00:03:05", "end": "00:03:09", "text": "here where we said that it's below 200"}, {"start": "00:03:08", "end": "00:03:11", "text": "moving average. We said it's time to be"}, {"start": "00:03:09", "end": "00:03:13", "text": "bullish. It's time to accumulate. It's"}, {"start": "00:03:11", "end": "00:03:16", "text": "time to to to get into the market. But"}, {"start": "00:03:13", "end": "00:03:17", "text": "slowly, you know, step by step, have a"}, {"start": "00:03:16", "end": "00:03:19", "text": "strategy how you deploy. Have a strategy"}, {"start": "00:03:17", "end": "00:03:21", "text": "how you also exit. Because you remember"}, {"start": "00:03:19", "end": "00:03:24", "text": "here in uh October 8th when we tweeted"}, {"start": "00:03:21", "end": "00:03:27", "text": "you know it's time to be risk off here"}, {"start": "00:03:24", "end": "00:03:29", "text": "uh 2025 people always ask me Ivan when"}, {"start": "00:03:27", "end": "00:03:30", "text": "did you start to be risk it didn't mean"}, {"start": "00:03:29", "end": "00:03:31", "text": "that you know everything we sell"}, {"start": "00:03:30", "end": "00:03:34", "text": "everything in one go no it means this"}, {"start": "00:03:31", "end": "00:03:35", "text": "time time to the risk first we close the"}, {"start": "00:03:34", "end": "00:03:37", "text": "leverage positions then we start selling"}, {"start": "00:03:35", "end": "00:03:38", "text": "selling off selling off selling off so"}, {"start": "00:03:37", "end": "00:03:42", "text": "there is never you know this line in the"}, {"start": "00:03:38", "end": "00:03:44", "text": "sand and if you cross a nanometer boop"}, {"start": "00:03:42", "end": "00:03:46", "text": "sell everything that's it and then on"}, {"start": "00:03:44", "end": "00:03:49", "text": "the bull side if you cross a nanometer"}, {"start": "00:03:46", "end": "00:03:50", "text": "then boop buy everything all le it"}, {"start": "00:03:49", "end": "00:03:53", "text": "doesn't work like that doesn't work so"}, {"start": "00:03:50", "end": "00:03:55", "text": "in my view guys in my view from a"}, {"start": "00:03:53", "end": "00:03:58", "text": "practical perspective I don't think that"}, {"start": "00:03:55", "end": "00:04:01", "text": "line in the sand as a concept is useful"}, {"start": "00:03:58", "end": "00:04:03", "text": "now you could somehow use it for"}, {"start": "00:04:01", "end": "00:04:05", "text": "analysis that's why people come back to"}, {"start": "00:04:03", "end": "00:04:07", "text": "this channel because we are practical I"}, {"start": "00:04:05", "end": "00:04:09", "text": "mean I'm showing you from a practical"}, {"start": "00:04:07", "end": "00:04:12", "text": "perspective how all of the analysis"}, {"start": "00:04:09", "end": "00:04:16", "text": "boils down to practicality and what I'm"}, {"start": "00:04:12", "end": "00:04:18", "text": "doing how I'm thinking and how I'm"}, {"start": "00:04:16", "end": "00:04:20", "text": "actually acting in this market Of"}, {"start": "00:04:18", "end": "00:04:22", "text": "course, it's interesting to discuss that"}, {"start": "00:04:20", "end": "00:04:24", "text": "okay, here is a line in the sand, this"}, {"start": "00:04:22", "end": "00:04:27", "text": "and that. But at the end, all that needs"}, {"start": "00:04:24", "end": "00:04:28", "text": "to boil down to a strategy. A strategy"}, {"start": "00:04:27", "end": "00:04:30", "text": "within a market where there are no"}, {"start": "00:04:28", "end": "00:04:32", "text": "certainties. So when there are no"}, {"start": "00:04:30", "end": "00:04:34", "text": "certaintancies, for example, you have a"}, {"start": "00:04:32", "end": "00:04:36", "text": "bull trend, it can still dump. You can"}, {"start": "00:04:34", "end": "00:04:37", "text": "have bull trend, it goes to zero anyway."}, {"start": "00:04:36", "end": "00:04:39", "text": "It can happen. It's all probabilistic. I"}, {"start": "00:04:37", "end": "00:04:41", "text": "mean, we nothing is guaranteed. So in"}, {"start": "00:04:39", "end": "00:04:44", "text": "this in this environment where nothing"}, {"start": "00:04:41", "end": "00:04:46", "text": "is guaranteed, we don't act this, you"}, {"start": "00:04:44", "end": "00:04:49", "text": "know, line in the sand all in all out."}, {"start": "00:04:46", "end": "00:04:51", "text": "We scale in b we scale out pop. That's"}, {"start": "00:04:49", "end": "00:04:52", "text": "it. And ideally also by the way you"}, {"start": "00:04:51", "end": "00:04:54", "text": "should have income. Do you have income"}, {"start": "00:04:52", "end": "00:04:56", "text": "guys? You have income. You have no"}, {"start": "00:04:54", "end": "00:04:59", "text": "income. You're homeless or what? You"}, {"start": "00:04:56", "end": "00:05:01", "text": "have income or not? Ideally also you"}, {"start": "00:04:59", "end": "00:05:04", "text": "have income so that you have new money"}, {"start": "00:05:01", "end": "00:05:06", "text": "to deploy let's say in new bull trends"}, {"start": "00:05:04", "end": "00:05:09", "text": "or when within a bull trend you have a"}, {"start": "00:05:06", "end": "00:05:11", "text": "dip. And so the way I see it the way I"}, {"start": "00:05:09", "end": "00:05:12", "text": "see the chart how you see it I don't"}, {"start": "00:05:11", "end": "00:05:14", "text": "know. I I don't even know if you're if"}, {"start": "00:05:12", "end": "00:05:15", "text": "you're color blind or not. Maybe you"}, {"start": "00:05:14", "end": "00:05:19", "text": "don't see the chart."}, {"start": "00:05:15", "end": "00:05:22", "text": "The way I see the chart is that we are"}, {"start": "00:05:19", "end": "00:05:26", "text": "in a bull trend. We are at previous"}, {"start": "00:05:22", "end": "00:05:29", "text": "support here, which by the way, we are"}, {"start": "00:05:26", "end": "00:05:31", "text": "holding. We're holding for now, we're"}, {"start": "00:05:29", "end": "00:05:34", "text": "holding. Even if we don't hold it, it"}, {"start": "00:05:31", "end": "00:05:36", "text": "will still be a bull trend. But for now,"}, {"start": "00:05:34", "end": "00:05:38", "text": "it's even like the best version of all"}, {"start": "00:05:36", "end": "00:05:41", "text": "the versions where so far at least the"}, {"start": "00:05:38", "end": "00:05:44", "text": "support is holding. And a bull trend"}, {"start": "00:05:41", "end": "00:05:46", "text": "means that you have up and a bit down."}, {"start": "00:05:44", "end": "00:05:49", "text": "up and a bit down. You have a series."}, {"start": "00:05:46", "end": "00:05:51", "text": "What is a trend? It's a series of higher"}, {"start": "00:05:49", "end": "00:05:52", "text": "highs and higher lows and then higher"}, {"start": "00:05:51", "end": "00:05:55", "text": "high and higher low. That's a bull"}, {"start": "00:05:52", "end": "00:05:58", "text": "trend. This is not a bull trend. It's"}, {"start": "00:05:55", "end": "00:06:00", "text": "just a gold candle for guys like a"}, {"start": "00:05:58", "end": "00:06:03", "text": "honeypot coin that only goes up. Okay?"}, {"start": "00:06:00", "end": "00:06:06", "text": "That there is no such thing as just up"}, {"start": "00:06:03", "end": "00:06:08", "text": "only. There is always up and a bit down."}, {"start": "00:06:06", "end": "00:06:10", "text": "Up. And you saw it here. You saw up and"}, {"start": "00:06:08", "end": "00:06:13", "text": "a bit down. Up and bit. But all in all,"}, {"start": "00:06:10", "end": "00:06:15", "text": "the way I see it, it is a um a higher"}, {"start": "00:06:13", "end": "00:06:17", "text": "low."}, {"start": "00:06:15", "end": "00:06:20", "text": "Uh the best thing guys, I mean the best"}, {"start": "00:06:17", "end": "00:06:23", "text": "thing from a chart perspective. Man, it"}, {"start": "00:06:20", "end": "00:06:28", "text": "would be amazing if we got bounce here."}, {"start": "00:06:23", "end": "00:06:30", "text": "If we get a bounce after testing the May"}, {"start": "00:06:28", "end": "00:06:32", "text": "high, O"}, {"start": "00:06:30", "end": "00:06:34", "text": "is is the most bullish thing ever. It's"}, {"start": "00:06:32", "end": "00:06:35", "text": "even more bullish if we just pump"}, {"start": "00:06:34", "end": "00:06:37", "text": "without retesting. Why? Because if you"}, {"start": "00:06:35", "end": "00:06:39", "text": "pump and you don't retest like we did"}, {"start": "00:06:37", "end": "00:06:42", "text": "now,"}, {"start": "00:06:39", "end": "00:06:43", "text": "um there is no support on the way on the"}, {"start": "00:06:42", "end": "00:06:45", "text": "way down. I mean now we also we create"}, {"start": "00:06:43", "end": "00:06:47", "text": "more support here. You see we we in the"}, {"start": "00:06:45", "end": "00:06:48", "text": "future should we come back here? Now"}, {"start": "00:06:47", "end": "00:06:50", "text": "it's even stronger support because we"}, {"start": "00:06:48", "end": "00:06:52", "text": "had touch here we had touch I mean all"}, {"start": "00:06:50", "end": "00:06:54", "text": "kind of touches. The more we spend time"}, {"start": "00:06:52", "end": "00:06:59", "text": "the the the bigger the support. So the"}, {"start": "00:06:54", "end": "00:07:02", "text": "the best most bullish thing ever is in"}, {"start": "00:06:59", "end": "00:07:03", "text": "case we get a bounce right here. Should"}, {"start": "00:07:02", "end": "00:07:04", "text": "we not get a bounce and go lower? I'm"}, {"start": "00:07:03", "end": "00:07:06", "text": "still bullish. Why? Because it's bull"}, {"start": "00:07:04", "end": "00:07:09", "text": "trend, guys. In a bull trend, we're"}, {"start": "00:07:06", "end": "00:07:10", "text": "bullish. It goes up, it goes down."}, {"start": "00:07:09", "end": "00:07:12", "text": "Within a bull trend, all kinds of things"}, {"start": "00:07:10", "end": "00:07:13", "text": "can happen. Bull trend does not mean"}, {"start": "00:07:12", "end": "00:07:16", "text": "guarantee just, you know, straight up"}, {"start": "00:07:13", "end": "00:07:18", "text": "every day. It means higher highs and"}, {"start": "00:07:16", "end": "00:07:20", "text": "higher lows. So, I hope that clarifies."}, {"start": "00:07:18", "end": "00:07:22", "text": "It's very important that it clarifies."}, {"start": "00:07:20", "end": "00:07:24", "text": "Very, very important. Yesterday also to"}, {"start": "00:07:22", "end": "00:07:26", "text": "calm the this the poor poor plebbea"}, {"start": "00:07:24", "end": "00:07:29", "text": "who's so nervous to calm the poor poor"}, {"start": "00:07:26", "end": "00:07:31", "text": "plebbe. I did send the newsletter. Are"}, {"start": "00:07:29", "end": "00:07:32", "text": "you guys in the newsletter? You're not"}, {"start": "00:07:31", "end": "00:07:34", "text": "in the newsletter. Why are you not in"}, {"start": "00:07:32", "end": "00:07:36", "text": "the newsletter?"}, {"start": "00:07:34", "end": "00:07:38", "text": "Why? First link of description. Bull"}, {"start": "00:07:36", "end": "00:07:40", "text": "mania newsletter fully free. Just"}, {"start": "00:07:38", "end": "00:07:42", "text": "subscribe. Yesterday evening I already"}, {"start": "00:07:40", "end": "00:07:44", "text": "told you to that what I'm doing. What"}, {"start": "00:07:42", "end": "00:07:46", "text": "I'm doing. I already told you what I'm"}, {"start": "00:07:44", "end": "00:07:49", "text": "doing and how I'm seeing it. I saw I"}, {"start": "00:07:46", "end": "00:07:51", "text": "told you I'm bullish yesterday evening."}, {"start": "00:07:49", "end": "00:07:53", "text": "So go to link below so you get it in"}, {"start": "00:07:51", "end": "00:07:56", "text": "real time. Probably you had a nervous"}, {"start": "00:07:53", "end": "00:07:59", "text": "night shaking waking up checking. Are we"}, {"start": "00:07:56", "end": "00:08:00", "text": "still alive? But last night could have"}, {"start": "00:07:59", "end": "00:08:02", "text": "gotten just an email from Ivan. I mean,"}, {"start": "00:08:00", "end": "00:08:04", "text": "I could have been in your pocket telling"}, {"start": "00:08:02", "end": "00:08:07", "text": "you what I think and my opinion on the"}, {"start": "00:08:04", "end": "00:08:09", "text": "market. So, it's very valuable to have"}, {"start": "00:08:07", "end": "00:08:10", "text": "Ivan in your pocket and you can have it"}, {"start": "00:08:09", "end": "00:08:12", "text": "in both of your pockets. If you have"}, {"start": "00:08:10", "end": "00:08:14", "text": "several phones, you can get him on all"}, {"start": "00:08:12", "end": "00:08:17", "text": "of them. So, ensure that you are in the"}, {"start": "00:08:14", "end": "00:08:20", "text": "wait list. Also, guys, uh our arena,"}, {"start": "00:08:17", "end": "00:08:22", "text": "Bullmania arena, everyone who uh got"}, {"start": "00:08:20", "end": "00:08:26", "text": "into the top list for Pionex in"}, {"start": "00:08:22", "end": "00:08:29", "text": "September are already paid out. So, you"}, {"start": "00:08:26", "end": "00:08:30", "text": "should receive an email from Pionex. You"}, {"start": "00:08:29", "end": "00:08:33", "text": "should have received it yesterday with"}, {"start": "00:08:30", "end": "00:08:35", "text": "your payout. So it is 10k uh and it was"}, {"start": "00:08:33", "end": "00:08:39", "text": "divided that the top three guys got half"}, {"start": "00:08:35", "end": "00:08:41", "text": "of it and there the top one guy got got"}, {"start": "00:08:39", "end": "00:08:44", "text": "like half of the half and then the other"}, {"start": "00:08:41", "end": "00:08:47", "text": "guys they got the other uh the other"}, {"start": "00:08:44", "end": "00:08:49", "text": "half of the half and then the the second"}, {"start": "00:08:47", "end": "00:08:52", "text": "half got evenly distributed across"}, {"start": "00:08:49", "end": "00:08:55", "text": "everyone else who is beyond top three."}, {"start": "00:08:52", "end": "00:08:57", "text": "Okay. And uh so this month it's a new"}, {"start": "00:08:55", "end": "00:08:58", "text": "month October. In this month we have the"}, {"start": "00:08:57", "end": "00:09:01", "text": "following leaderboard. We're repeating"}, {"start": "00:08:58", "end": "00:09:03", "text": "the same guys. So if you are trading,"}, {"start": "00:09:01", "end": "00:09:05", "text": "just go to arena.sbullia.com and just"}, {"start": "00:09:03", "end": "00:09:07", "text": "connect your Pionex and connect your Bit"}, {"start": "00:09:05", "end": "00:09:10", "text": "Ununix. So if you're trading, which you"}, {"start": "00:09:07", "end": "00:09:12", "text": "do anyway, if you have enough volume to"}, {"start": "00:09:10", "end": "00:09:14", "text": "be in the leaderboard, you also get cash"}, {"start": "00:09:12", "end": "00:09:15", "text": "back. We call it cash back because that"}, {"start": "00:09:14", "end": "00:09:17", "text": "money is not withdrawable, but you can"}, {"start": "00:09:15", "end": "00:09:18", "text": "use it for future trades. So that's why"}, {"start": "00:09:17", "end": "00:09:20", "text": "we call it cash back. It's cash back."}, {"start": "00:09:18", "end": "00:09:22", "text": "Now guys, with Bit Unix, there's"}, {"start": "00:09:20", "end": "00:09:24", "text": "currently not any competition at all. We"}, {"start": "00:09:22", "end": "00:09:26", "text": "just have three guys here dominating,"}, {"start": "00:09:24", "end": "00:09:28", "text": "and they will be sharing the entire pool"}, {"start": "00:09:26", "end": "00:09:30", "text": "of 20K. And by the way guys, Bit Unix"}, {"start": "00:09:28", "end": "00:09:32", "text": "does not work because I'm surprised that"}, {"start": "00:09:30", "end": "00:09:34", "text": "not too many people use Bit Ununix. I I"}, {"start": "00:09:32", "end": "00:09:35", "text": "I thought it would be way high with"}, {"start": "00:09:34", "end": "00:09:37", "text": "Pionex as soon as we connected it boop"}, {"start": "00:09:35", "end": "00:09:40", "text": "boop boop boop. Everyone started to go"}, {"start": "00:09:37", "end": "00:09:42", "text": "to go nuts trading and but here with Bit"}, {"start": "00:09:40", "end": "00:09:43", "text": "Ununix just three guys now qualifying. I"}, {"start": "00:09:42", "end": "00:09:45", "text": "mean they're going to take the whole"}, {"start": "00:09:43", "end": "00:09:47", "text": "cash back basically. So if you are"}, {"start": "00:09:45", "end": "00:09:48", "text": "trading let's say you trade on Binance"}, {"start": "00:09:47", "end": "00:09:50", "text": "or whatever, trade on Bit Unix instead"}, {"start": "00:09:48", "end": "00:09:52", "text": "and connect your Bitunix to"}, {"start": "00:09:50", "end": "00:09:55", "text": "arena.bullmania.com so you can be part"}, {"start": "00:09:52", "end": "00:09:57", "text": "of our very very nice cashback. Use the"}, {"start": "00:09:55", "end": "00:09:59", "text": "link below to uh Booming Arena. You're"}, {"start": "00:09:57", "end": "00:10:00", "text": "going to figure itself out. Is it tells"}, {"start": "00:09:59", "end": "00:10:01", "text": "you how to connect? It's very easy. You"}, {"start": "00:10:00", "end": "00:10:03", "text": "just enter your UAD. Boop. That's it."}, {"start": "00:10:01", "end": "00:10:04", "text": "That's it. That's it. That's it, guys."}, {"start": "00:10:03", "end": "00:10:06", "text": "Now, let's check the news. What's"}, {"start": "00:10:04", "end": "00:10:08", "text": "happening? What's happening, guys? Uh"}, {"start": "00:10:06", "end": "00:10:10", "text": "something that we have to acknowledge is"}, {"start": "00:10:08", "end": "00:10:13", "text": "that the the Bitcoin price is doing"}, {"start": "00:10:10", "end": "00:10:15", "text": "well, guys. Just remember that clarity"}, {"start": "00:10:13", "end": "00:10:17", "text": "clarity rejected. Ivan Clarity never"}, {"start": "00:10:15", "end": "00:10:21", "text": "rejected. Ivan gave you clarity. But"}, {"start": "00:10:17", "end": "00:10:25", "text": "Clarity Act did get rejected. uh rate"}, {"start": "00:10:21", "end": "00:10:27", "text": "hike, bonds falling, quantum fod, AI"}, {"start": "00:10:25", "end": "00:10:31", "text": "breaking, cryptography fod. We discussed"}, {"start": "00:10:27", "end": "00:10:34", "text": "it yesterday at length at length. Yet,"}, {"start": "00:10:31", "end": "00:10:36", "text": "we are higher than we were a month ago."}, {"start": "00:10:34", "end": "00:10:39", "text": "We're higher. We're higher than we were"}, {"start": "00:10:36", "end": "00:10:42", "text": "a month ago."}, {"start": "00:10:39", "end": "00:10:45", "text": "It's crazy, guys. We'll be climbing a"}, {"start": "00:10:42", "end": "00:10:48", "text": "wall of worry for the next three years,"}, {"start": "00:10:45", "end": "00:10:50", "text": "and you will be sidelined. And when you"}, {"start": "00:10:48", "end": "00:10:52", "text": "are finally convinced that it's bullish,"}, {"start": "00:10:50", "end": "00:10:54", "text": "that's when the top is and we go down."}, {"start": "00:10:52", "end": "00:10:57", "text": "The CL is the life cycle. Life cycle of"}, {"start": "00:10:54", "end": "00:10:58", "text": "a pleb. It's like the carbon life cycle."}, {"start": "00:10:57", "end": "00:11:00", "text": "It's like the water life cycle. If"}, {"start": "00:10:58", "end": "00:11:02", "text": "you're educated, you know the life cycle"}, {"start": "00:11:00", "end": "00:11:04", "text": "of water."}, {"start": "00:11:02", "end": "00:11:07", "text": "You you know it. Yeah. I hope you know"}, {"start": "00:11:04", "end": "00:11:09", "text": "it. If you're even more educated, you"}, {"start": "00:11:07", "end": "00:11:11", "text": "know the crabs cycle. Do you guys know"}, {"start": "00:11:09", "end": "00:11:12", "text": "the crab cycle? All of you biologists, I"}, {"start": "00:11:11", "end": "00:11:15", "text": "knew it at some point. I remember crab"}, {"start": "00:11:12", "end": "00:11:16", "text": "cycle. I was studying biology in high"}, {"start": "00:11:15", "end": "00:11:20", "text": "school. knew everything about the crab"}, {"start": "00:11:16", "end": "00:11:23", "text": "cycle. Um, and there is the cycle of the"}, {"start": "00:11:20", "end": "00:11:25", "text": "pleb where worried, worried, worried,"}, {"start": "00:11:23", "end": "00:11:28", "text": "worried, worried. And you see without"}, {"start": "00:11:25", "end": "00:11:29", "text": "good tools, without having the money"}, {"start": "00:11:28", "end": "00:11:32", "text": "line, without seeing what's actually"}, {"start": "00:11:29", "end": "00:11:34", "text": "happening on the chart."}, {"start": "00:11:32", "end": "00:11:35", "text": "How do you know that it's that it's"}, {"start": "00:11:34", "end": "00:11:38", "text": "bullish? It's very hard to know. But"}, {"start": "00:11:35", "end": "00:11:40", "text": "with the trend, you know, with a trend,"}, {"start": "00:11:38", "end": "00:11:42", "text": "you know, with a trend, it's so easy."}, {"start": "00:11:40", "end": "00:11:44", "text": "Okay? Do you understand what's"}, {"start": "00:11:42", "end": "00:11:47", "text": "happening? So I can understand why the"}, {"start": "00:11:44", "end": "00:11:49", "text": "plebbe is getting so wrecked because"}, {"start": "00:11:47", "end": "00:11:51", "text": "just reading the the average what is he"}, {"start": "00:11:49", "end": "00:11:53", "text": "doing? He's reading, reading, reading,"}, {"start": "00:11:51", "end": "00:11:55", "text": "reading, reading. He's reading Twitter,"}, {"start": "00:11:53", "end": "00:11:57", "text": "different opinions. There's always some"}, {"start": "00:11:55", "end": "00:12:00", "text": "fat every day. There is a wall of worry"}, {"start": "00:11:57", "end": "00:12:01", "text": "always for the next three years for for"}, {"start": "00:12:00", "end": "00:12:04", "text": "the whole bull market. There will be"}, {"start": "00:12:01", "end": "00:12:06", "text": "reasons always, always, always, guys, to"}, {"start": "00:12:04", "end": "00:12:08", "text": "be bearish. There's something there is"}, {"start": "00:12:06", "end": "00:12:09", "text": "something. So, do you have a strategy?"}, {"start": "00:12:08", "end": "00:12:11", "text": "Do you have clear rules? That's the"}, {"start": "00:12:09", "end": "00:12:15", "text": "question too. That's the question, too."}, {"start": "00:12:11", "end": "00:12:19", "text": "Uh, now look here. We have SpaceX and"}, {"start": "00:12:15", "end": "00:12:21", "text": "Starlink Mobile going for U to become a"}, {"start": "00:12:19", "end": "00:12:25", "text": "US carrier. Uh let's check now the"}, {"start": "00:12:21", "end": "00:12:29", "text": "SpaceX chart. SpaceX. SpaceX. Where is"}, {"start": "00:12:25", "end": "00:12:30", "text": "SpaceX? Here's SpaceX. SpaceX on the"}, {"start": "00:12:29", "end": "00:12:32", "text": "weekly has a bull trend. It's a new bull"}, {"start": "00:12:30", "end": "00:12:35", "text": "trend"}, {"start": "00:12:32", "end": "00:12:39", "text": "on the hourly on the hourly going into"}, {"start": "00:12:35", "end": "00:12:40", "text": "new bull trend. Uh with SpaceX uh you"}, {"start": "00:12:39", "end": "00:12:43", "text": "you have the hourly which is quite good"}, {"start": "00:12:40", "end": "00:12:45", "text": "to ride the to write the trends. Uh so"}, {"start": "00:12:43", "end": "00:12:48", "text": "yeah within the coming hours it's going"}, {"start": "00:12:45", "end": "00:12:50", "text": "to be confirmed bull trend on the daily."}, {"start": "00:12:48", "end": "00:12:52", "text": "It is bull trend guys. So nice here it"}, {"start": "00:12:50", "end": "00:12:55", "text": "seems like August early August is bullsh"}, {"start": "00:12:52", "end": "00:12:57", "text": "on the date. Oh yo yo yo yo guys SpaceX"}, {"start": "00:12:55", "end": "00:13:00", "text": "SpaceX SpaceX"}, {"start": "00:12:57", "end": "00:13:03", "text": "very nice. Not to toot my own horn but"}, {"start": "00:13:00", "end": "00:13:06", "text": "you remember how someone"}, {"start": "00:13:03", "end": "00:13:08", "text": "called Ivan was very bearish here."}, {"start": "00:13:06", "end": "00:13:10", "text": "SpaceX told you to not touch it to first"}, {"start": "00:13:08", "end": "00:13:12", "text": "see what the trend is. You remember here"}, {"start": "00:13:10", "end": "00:13:15", "text": "someone told you there was a certain"}, {"start": "00:13:12", "end": "00:13:17", "text": "someone that told you and then here boop"}, {"start": "00:13:15", "end": "00:13:20", "text": "now it's bull trend and since this bull"}, {"start": "00:13:17", "end": "00:13:23", "text": "trend on the daily it goes higher and it"}, {"start": "00:13:20", "end": "00:13:26", "text": "goes higher and basically here people"}, {"start": "00:13:23", "end": "00:13:29", "text": "were following at 220 230"}, {"start": "00:13:26", "end": "00:13:32", "text": "and when it became bull trend here it"}, {"start": "00:13:29", "end": "00:13:36", "text": "was like 130 so you got you got almost"}, {"start": "00:13:32", "end": "00:13:37", "text": "50% off 50% off isn't that crazy you you"}, {"start": "00:13:36", "end": "00:13:41", "text": "didn't even have to wait for Black"}, {"start": "00:13:37", "end": "00:13:45", "text": "Friday SpaceX 50% % off. Like the whole"}, {"start": "00:13:41", "end": "00:13:48", "text": "company is 50% off."}, {"start": "00:13:45", "end": "00:13:50", "text": "You guys want to buy uh uh Xbox, you"}, {"start": "00:13:48", "end": "00:13:53", "text": "should have bought SpaceX. 50% off. 50%"}, {"start": "00:13:50", "end": "00:13:56", "text": "off. Crazy. Crazy. Amazing. Amazing."}, {"start": "00:13:53", "end": "00:13:58", "text": "Amazing. So, I'm bullish. Clear"}, {"start": "00:13:56", "end": "00:14:00", "text": "strategy, clear rules. I I love this"}, {"start": "00:13:58", "end": "00:14:04", "text": "saying, clear strategy, clear rules."}, {"start": "00:14:00", "end": "00:14:08", "text": "Fantastic. Guys, also small small peep"}, {"start": "00:14:04", "end": "00:14:10", "text": "has a new Hollywood blogbuster for us. I"}, {"start": "00:14:08", "end": "00:14:12", "text": "know you guys have been waiting. I know"}, {"start": "00:14:10", "end": "00:14:15", "text": "you guys have been asking when is the"}, {"start": "00:14:12", "end": "00:14:17", "text": "new small PP movie. Have you guys been"}, {"start": "00:14:15", "end": "00:14:19", "text": "waiting? You've been waiting very very"}, {"start": "00:14:17", "end": "00:14:20", "text": "hard. Please confirm in the comment"}, {"start": "00:14:19", "end": "00:14:24", "text": "section."}, {"start": "00:14:20", "end": "00:14:27", "text": "We have it guys. We got it. We got it."}, {"start": "00:14:24", "end": "00:14:27", "text": "We got it."}, {"start": "00:14:35", "end": "00:14:40", "text": "Do you feel that?"}, {"start": "00:14:37", "end": "00:14:43", "text": ">> Is it a bull"}, {"start": "00:14:40", "end": "00:14:43", "text": "or a bear?"}, {"start": "00:14:49", "end": "00:14:53", "text": "Don't move."}, {"start": "00:14:56", "end": "00:15:01", "text": "We're so back."}, {"start": "00:14:59", "end": "00:15:03", "text": "Exactly."}, {"start": "00:15:01", "end": "00:15:05", "text": "We're so bad. Don't over complicated."}, {"start": "00:15:03", "end": "00:15:07", "text": "It's not over complicated. We're so"}, {"start": "00:15:05", "end": "00:15:09", "text": "back. Exactly. Exactly. Exactly."}, {"start": "00:15:07", "end": "00:15:11", "text": "Exactly."}, {"start": "00:15:09", "end": "00:15:12", "text": "Look at how how excited he looks. Big"}, {"start": "00:15:11", "end": "00:15:14", "text": "shout out to Bit Boy, by the way. I love"}, {"start": "00:15:12", "end": "00:15:18", "text": "Bit Boy. I love Bit Boy. Look at how"}, {"start": "00:15:14", "end": "00:15:18", "text": "excited he looks here."}, {"start": "00:15:20", "end": "00:15:24", "text": "We're so back. Exactly. We're so back."}, {"start": "00:15:23", "end": "00:15:27", "text": "Let's go, guys. Let's go as soon as"}, {"start": "00:15:24", "end": "00:15:28", "text": "possible. Smash up the like. Smash up"}, {"start": "00:15:27", "end": "00:15:32", "text": "the like."}, {"start": "00:15:28", "end": "00:15:33", "text": "Subscribe. Subscribe. Uh yeah, guys."}, {"start": "00:15:32", "end": "00:15:36", "text": "Listen. I I don't want to over"}, {"start": "00:15:33", "end": "00:15:37", "text": "complicate too much here. That's it. I I"}, {"start": "00:15:36", "end": "00:15:38", "text": "don't know if there's even other news."}, {"start": "00:15:37", "end": "00:15:40", "text": "There's some news that government is"}, {"start": "00:15:38", "end": "00:15:42", "text": "moving coins, this and that. There's not"}, {"start": "00:15:40", "end": "00:15:43", "text": "too much else. Robin Hood. Oh, yeah. By"}, {"start": "00:15:42", "end": "00:15:45", "text": "the way, Robin Hood is buying a bunch of"}, {"start": "00:15:43", "end": "00:15:46", "text": "Bitcoin. Okay. Let's go through. Let's"}, {"start": "00:15:45", "end": "00:15:48", "text": "go through Let's go through so we don't"}, {"start": "00:15:46", "end": "00:15:50", "text": "miss anything big."}, {"start": "00:15:48", "end": "00:15:53", "text": "So, uh a bunch of people liquidated."}, {"start": "00:15:50", "end": "00:15:54", "text": "Poor poor play. Uh government moves 1"}, {"start": "00:15:53", "end": "00:15:57", "text": "billion Bitcoin. We knew that. One"}, {"start": "00:15:54", "end": "00:16:00", "text": "mill$1 billion in Bitcoin. Robin Hood"}, {"start": "00:15:57", "end": "00:16:04", "text": "buys 25 million. Fantastic. Fantastic."}, {"start": "00:16:00", "end": "00:16:08", "text": "Also, Grant Cardone bought another"}, {"start": "00:16:04", "end": "00:16:11", "text": "um 3.2 million Bitcoin. That's good. Uh"}, {"start": "00:16:08", "end": "00:16:13", "text": "Glass Node holders drive what they"}, {"start": "00:16:11", "end": "00:16:14", "text": "drive. Existing holders are driving"}, {"start": "00:16:13", "end": "00:16:16", "text": "Bitcoin rally as fresh influence from."}, {"start": "00:16:14", "end": "00:16:18", "text": "By the way, speaking about Glass Node,"}, {"start": "00:16:16", "end": "00:16:21", "text": "there was someone who published like a"}, {"start": "00:16:18", "end": "00:16:24", "text": "free version of Glass Node."}, {"start": "00:16:21", "end": "00:16:25", "text": "Who was it? Was it Plan B or who was it?"}, {"start": "00:16:24", "end": "00:16:29", "text": "I think it was Plan B."}, {"start": "00:16:25", "end": "00:16:33", "text": "He published basically a free version of"}, {"start": "00:16:29", "end": "00:16:35", "text": "uh of of glass node which is good"}, {"start": "00:16:33", "end": "00:16:37", "text": "because glass is too expensive. It's too"}, {"start": "00:16:35", "end": "00:16:39", "text": "expensive like with the software you"}, {"start": "00:16:37", "end": "00:16:41", "text": "know"}, {"start": "00:16:39", "end": "00:16:44", "text": "or who was it? It was not plan B. Maybe"}, {"start": "00:16:41", "end": "00:16:46", "text": "it was plan B. Let me see. Yeah, it was"}, {"start": "00:16:44", "end": "00:16:47", "text": "plan B. It's block Horizon. Let's"}, {"start": "00:16:46", "end": "00:16:50", "text": "actually check it. Let's actually check"}, {"start": "00:16:47", "end": "00:16:52", "text": "it. Let's see here. Loading blockchain"}, {"start": "00:16:50", "end": "00:16:56", "text": "data. Hopefully it works."}, {"start": "00:16:52", "end": "00:17:00", "text": "Maybe he Yeah. Yeah. Okay. So"}, {"start": "00:16:56", "end": "00:17:02", "text": "if you go to block horizon it is glass"}, {"start": "00:17:00", "end": "00:17:05", "text": "node but free basically"}, {"start": "00:17:02", "end": "00:17:06", "text": "addresses and pro because listen this"}, {"start": "00:17:05", "end": "00:17:07", "text": "simple stuff with what's happening on"}, {"start": "00:17:06", "end": "00:17:09", "text": "chain shouldn't it it shouldn't cost"}, {"start": "00:17:07", "end": "00:17:10", "text": "that much because at the end of the day"}, {"start": "00:17:09", "end": "00:17:13", "text": "you cannot really build a strategy"}, {"start": "00:17:10", "end": "00:17:15", "text": "around it anyway. It's not like you can"}, {"start": "00:17:13", "end": "00:17:17", "text": "take it and decide what to you know how"}, {"start": "00:17:15", "end": "00:17:19", "text": "to where is the entry where's the exit."}, {"start": "00:17:17", "end": "00:17:20", "text": "So it's it's infotainment for fun. I"}, {"start": "00:17:19", "end": "00:17:23", "text": "mean it's nice to to look at it"}, {"start": "00:17:20", "end": "00:17:26", "text": "sometimes. Um but you know paying for it"}, {"start": "00:17:23", "end": "00:17:27", "text": "because you cannot really use it is very"}, {"start": "00:17:26", "end": "00:17:30", "text": "unusable in tra in trading at least in"}, {"start": "00:17:27", "end": "00:17:32", "text": "my experience in my humble experience."}, {"start": "00:17:30", "end": "00:17:37", "text": "I' I've tried to use onchain. Uh I"}, {"start": "00:17:32", "end": "00:17:40", "text": "thought for a while it was u working but"}, {"start": "00:17:37", "end": "00:17:43", "text": "when was it 2022 when all of the like"}, {"start": "00:17:40", "end": "00:17:45", "text": "nupal and everything was still uh was"}, {"start": "00:17:43", "end": "00:17:48", "text": "still bullish and then everything just"}, {"start": "00:17:45", "end": "00:17:50", "text": "boop dived. So that's where I thought,"}, {"start": "00:17:48", "end": "00:17:52", "text": "hey, wait, wait, wait. It it actually"}, {"start": "00:17:50", "end": "00:17:56", "text": "added noise to my system more than"}, {"start": "00:17:52", "end": "00:17:58", "text": "signal. Um, and uh I don't want noise. I"}, {"start": "00:17:56", "end": "00:18:01", "text": "want signal. So all of this onchain"}, {"start": "00:17:58", "end": "00:18:02", "text": "stuff, it's noise, guys. It's noise."}, {"start": "00:18:01", "end": "00:18:04", "text": "Unfortunately, I really tried using"}, {"start": "00:18:02", "end": "00:18:07", "text": "onchain for trading to make money. It"}, {"start": "00:18:04", "end": "00:18:08", "text": "it's noise. It's noise. You cannot see,"}, {"start": "00:18:07", "end": "00:18:11", "text": "you know, holder this, holder that,"}, {"start": "00:18:08", "end": "00:18:12", "text": "nuple this, nuple that, or pure multiple"}, {"start": "00:18:11", "end": "00:18:15", "text": "or whatever. Yeah, don't worry. Don't"}, {"start": "00:18:12", "end": "00:18:17", "text": "worry. Don't worry. Uh don't worry."}, {"start": "00:18:15", "end": "00:18:18", "text": "worry about the chart. It's actually"}, {"start": "00:18:17", "end": "00:18:20", "text": "enough. In the chart, you see"}, {"start": "00:18:18", "end": "00:18:21", "text": "everything. You see everything. Whatever"}, {"start": "00:18:20", "end": "00:18:22", "text": "is happening on chain is going to"}, {"start": "00:18:21", "end": "00:18:25", "text": "translate to the chart and you see the"}, {"start": "00:18:22", "end": "00:18:27", "text": "the early early trends there and you're"}, {"start": "00:18:25", "end": "00:18:28", "text": "good. And you you don't have too many"}, {"start": "00:18:27", "end": "00:18:30", "text": "variables. And that's the most important"}, {"start": "00:18:28", "end": "00:18:33", "text": "thing. Don't over complicate it. Don't"}, {"start": "00:18:30", "end": "00:18:36", "text": "over complicate it. Now, uh back to the"}, {"start": "00:18:33", "end": "00:18:37", "text": "news. 31% of Bitcoin keys are exposed."}, {"start": "00:18:36", "end": "00:18:40", "text": "31%"}, {"start": "00:18:37", "end": "00:18:42", "text": "uh sorry, more correctly, 31% of Bitcoin"}, {"start": "00:18:40", "end": "00:18:44", "text": "supply has it public key exposed. So,"}, {"start": "00:18:42", "end": "00:18:46", "text": "it's a big problem with this quantum"}, {"start": "00:18:44", "end": "00:18:48", "text": "thread threat and also with the"}, {"start": "00:18:46", "end": "00:18:52", "text": "potential cryptography break before the"}, {"start": "00:18:48", "end": "00:18:55", "text": "quantum threat. Um, telecoms crash on"}, {"start": "00:18:52", "end": "00:18:57", "text": "Starlink mobile, AT&T. Oh, guys, guys,"}, {"start": "00:18:55", "end": "00:18:59", "text": "guys, overall, let's check the stock"}, {"start": "00:18:57", "end": "00:19:02", "text": "market."}, {"start": "00:18:59", "end": "00:19:04", "text": "Um, S&P,"}, {"start": "00:19:02", "end": "00:19:06", "text": "NASDAQ, let's check on the weekly."}, {"start": "00:19:04", "end": "00:19:08", "text": "Weekly is the best time frame for stuff"}, {"start": "00:19:06", "end": "00:19:12", "text": "like the stock market. Uh, so S&P got a"}, {"start": "00:19:08", "end": "00:19:12", "text": "bit of a rejection at the highs."}, {"start": "00:19:16", "end": "00:19:19", "text": "Yeah, when you have a rejection could"}, {"start": "00:19:17", "end": "00:19:21", "text": "potentially mean a few weeks of chop,"}, {"start": "00:19:19", "end": "00:19:23", "text": "maybe even retesting some of the, you"}, {"start": "00:19:21", "end": "00:19:25", "text": "know, maybe this low right here. Uh, but"}, {"start": "00:19:23", "end": "00:19:28", "text": "we need to close the week. There's still"}, {"start": "00:19:25", "end": "00:19:30", "text": "one day. Let's see how the week closes."}, {"start": "00:19:28", "end": "00:19:33", "text": "But ideally, you don't want rejection."}, {"start": "00:19:30", "end": "00:19:35", "text": "You want confident pump through. If it's"}, {"start": "00:19:33", "end": "00:19:38", "text": "rejection, just higher risk that it"}, {"start": "00:19:35", "end": "00:19:40", "text": "derps around, maybe even goes back to"}, {"start": "00:19:38", "end": "00:19:43", "text": "revisit here"}, {"start": "00:19:40", "end": "00:19:45", "text": "and then maybe tries again. Ideally, you"}, {"start": "00:19:43", "end": "00:19:50", "text": "want content uh content breakthrough."}, {"start": "00:19:45", "end": "00:19:50", "text": "But let's see. Uh NASDAQ,"}, {"start": "00:19:50", "end": "00:19:54", "text": "same analysis, but you see it's going to"}, {"start": "00:19:52", "end": "00:19:57", "text": "open higher here."}, {"start": "00:19:54", "end": "00:19:59", "text": "If it close closes uh in a bullish uh"}, {"start": "00:19:57", "end": "00:20:00", "text": "state, which it it already closed last"}, {"start": "00:19:59", "end": "00:20:02", "text": "week, by the way, bullish, but yeah, we"}, {"start": "00:20:00", "end": "00:20:03", "text": "need we need the follow through. If it"}, {"start": "00:20:02", "end": "00:20:05", "text": "follows through here and opens also and"}, {"start": "00:20:03", "end": "00:20:07", "text": "closes the week bullish. Very good. Very"}, {"start": "00:20:05", "end": "00:20:10", "text": "very good. Uh but yeah, this one seems"}, {"start": "00:20:07", "end": "00:20:13", "text": "to be opening bullish."}, {"start": "00:20:10", "end": "00:20:14", "text": "What else? AI already 49% of S. Okay,"}, {"start": "00:20:13", "end": "00:20:17", "text": "guys. Guys, this this one is massive."}, {"start": "00:20:14", "end": "00:20:22", "text": "This one is massive. This one, the fact"}, {"start": "00:20:17", "end": "00:20:25", "text": "that AI is 49% of S&P"}, {"start": "00:20:22", "end": "00:20:26", "text": "uh is a big concentration risk with"}, {"start": "00:20:25", "end": "00:20:30", "text": "anthropic and open AAI coming public."}, {"start": "00:20:26", "end": "00:20:34", "text": "add them to S&P in 27 and AI would be at"}, {"start": "00:20:30", "end": "00:20:36", "text": "55% of S&P. Guys, this one is massive."}, {"start": "00:20:34", "end": "00:20:37", "text": "At some point, likely AI is going to"}, {"start": "00:20:36", "end": "00:20:39", "text": "have a correction. We don't predict it."}, {"start": "00:20:37", "end": "00:20:41", "text": "We're bullish in a bull trend. Stock"}, {"start": "00:20:39", "end": "00:20:43", "text": "market is very bullish. But it is"}, {"start": "00:20:41", "end": "00:20:45", "text": "interesting to understand that we're"}, {"start": "00:20:43", "end": "00:20:47", "text": "super concentrated. Should Open AI have"}, {"start": "00:20:45", "end": "00:20:49", "text": "issues, and by the way, they do have"}, {"start": "00:20:47", "end": "00:20:54", "text": "issues. They under reported the revenue"}, {"start": "00:20:49", "end": "00:20:58", "text": "a lot, like a lot a lot a lot. Um,"}, {"start": "00:20:54", "end": "00:20:58", "text": "let's see. revenue"}, {"start": "00:21:01", "end": "00:21:06", "text": "here"}, {"start": "00:21:03", "end": "00:21:09", "text": "500 billion what this was from yesterday"}, {"start": "00:21:06", "end": "00:21:12", "text": "uh open AI revenue is 20 billion short"}, {"start": "00:21:09", "end": "00:21:15", "text": "raising dows over AI spending actually"}, {"start": "00:21:12", "end": "00:21:18", "text": "this story then continued open air"}, {"start": "00:21:15", "end": "00:21:19", "text": "revenues financial times okay okay so"}, {"start": "00:21:18", "end": "00:21:23", "text": "this is a developing story let's check"}, {"start": "00:21:19", "end": "00:21:25", "text": "here the media outlets said that open"}, {"start": "00:21:23", "end": "00:21:27", "text": "annualized revenue"}, {"start": "00:21:25", "end": "00:21:30", "text": "was approaching 50 billion at the end of"}, {"start": "00:21:27", "end": "00:21:33", "text": "September."}, {"start": "00:21:30", "end": "00:21:36", "text": "Late last month, Axios reported that it"}, {"start": "00:21:33", "end": "00:21:38", "text": "is 70 billion separately."}, {"start": "00:21:36", "end": "00:21:40", "text": "Okay. Following the initial publication,"}, {"start": "00:21:38", "end": "00:21:44", "text": "the French Times update story and said"}, {"start": "00:21:40", "end": "00:21:46", "text": "was 15 and very Oracle"}, {"start": "00:21:44", "end": "00:21:50", "text": "as gross training was matching previous"}, {"start": "00:21:46", "end": "00:21:50", "text": "reports. Okay,"}, {"start": "00:21:51", "end": "00:21:58", "text": "wait. So potentially this AI fad from"}, {"start": "00:21:54", "end": "00:22:01", "text": "yesterday that OpenAI underperformed"}, {"start": "00:21:58", "end": "00:22:01", "text": "was simply filed."}, {"start": "00:22:05", "end": "00:22:09", "text": "So if this is based on wrong reporting."}, {"start": "00:22:07", "end": "00:22:11", "text": "Yeah, something to check. I'll check it"}, {"start": "00:22:09", "end": "00:22:13", "text": "after I stream."}, {"start": "00:22:11", "end": "00:22:15", "text": "Look here. Open eye is expect to reach"}, {"start": "00:22:13", "end": "00:22:17", "text": "or exceed 70 billion in annual revenue."}, {"start": "00:22:15", "end": "00:22:19", "text": "Okay. Yeah."}, {"start": "00:22:17", "end": "00:22:21", "text": "So basically yesterday stock market"}, {"start": "00:22:19", "end": "00:22:24", "text": "volatility was big fat either"}, {"start": "00:22:21", "end": "00:22:29", "text": "misunderstanding or market manipulation"}, {"start": "00:22:24", "end": "00:22:32", "text": "or uh fat by legacy media and now the"}, {"start": "00:22:29", "end": "00:22:32", "text": "story is corrected"}, {"start": "00:22:34", "end": "00:22:38", "text": "and that's pro probably why NASDAQ is"}, {"start": "00:22:36", "end": "00:22:40", "text": "going higher. You see here yesterday"}, {"start": "00:22:38", "end": "00:22:44", "text": "NASDAQ boop boom very bad today going"}, {"start": "00:22:40", "end": "00:22:46", "text": "higher. So guys bubble continues. We're"}, {"start": "00:22:44", "end": "00:22:48", "text": "bullish. Nothing to worry about. nothing"}, {"start": "00:22:46", "end": "00:22:49", "text": "to worry about."}, {"start": "00:22:48", "end": "00:22:53", "text": "That seems to be the the current state"}, {"start": "00:22:49", "end": "00:22:55", "text": "of affairs that AI can continue up is"}, {"start": "00:22:53", "end": "00:22:58", "text": "good for us, good for NASDAQ, good for"}, {"start": "00:22:55", "end": "00:23:00", "text": "S&P and hopefully good for Bitcoin. Good"}, {"start": "00:22:58", "end": "00:23:02", "text": "for Bitcoin. That's it guys. Z guys is"}, {"start": "00:23:00", "end": "00:23:04", "text": "captured. Let's go to Q&A questions."}, {"start": "00:23:02", "end": "00:23:07", "text": "Answer is the base. Big shout to who? To"}, {"start": "00:23:04", "end": "00:23:09", "text": "Guzman. To Guzman for time time. Oh"}, {"start": "00:23:07", "end": "00:23:12", "text": "yeah, Guzman, you say I stopped"}, {"start": "00:23:09", "end": "00:23:14", "text": "publishing glass note charts because my"}, {"start": "00:23:12", "end": "00:23:15", "text": "they lag and they're not adding"}, {"start": "00:23:14", "end": "00:23:19", "text": "anything. Yeah, I remember you were"}, {"start": "00:23:15", "end": "00:23:21", "text": "posting the nupal every day and uh it"}, {"start": "00:23:19", "end": "00:23:24", "text": "did not help anyone unfortunately the"}, {"start": "00:23:21", "end": "00:23:26", "text": "nupal one uh I remember in 2022 we put"}, {"start": "00:23:24", "end": "00:23:29", "text": "too much emphasis on the nupal. I"}, {"start": "00:23:26", "end": "00:23:33", "text": "remember we covered the nupal a lot a"}, {"start": "00:23:29", "end": "00:23:36", "text": "lot this onchain stuff and um"}, {"start": "00:23:33", "end": "00:23:38", "text": "what happened it added noise to our"}, {"start": "00:23:36", "end": "00:23:42", "text": "otherwise quite good model with the just"}, {"start": "00:23:38", "end": "00:23:42", "text": "checking the chart and that's it."}, {"start": "00:23:43", "end": "00:23:48", "text": "So, let's go to Q&A. As a reminder, you"}, {"start": "00:23:45", "end": "00:23:50", "text": "smash up the like because you appreciate"}, {"start": "00:23:48", "end": "00:23:53", "text": "the streams. You love the streams."}, {"start": "00:23:50", "end": "00:23:55", "text": "You're amazed by the streams. You smash"}, {"start": "00:23:53", "end": "00:23:58", "text": "a like, you subscribe,"}, {"start": "00:23:55", "end": "00:24:01", "text": "you go to bulln.com/subscribe for the"}, {"start": "00:23:58", "end": "00:24:03", "text": "newsletter. So, it can be in your pocket"}, {"start": "00:24:01", "end": "00:24:06", "text": "and we do no spam and you can"}, {"start": "00:24:03", "end": "00:24:08", "text": "unsubscribe anytime. So, basically, you"}, {"start": "00:24:06", "end": "00:24:12", "text": "get Ivan in your pocket"}, {"start": "00:24:08", "end": "00:24:15", "text": "and it's amazing. It's amazing. Um so uh"}, {"start": "00:24:12", "end": "00:24:17", "text": "Q&A guys Q&A sui let's go sui someone"}, {"start": "00:24:15", "end": "00:24:20", "text": "ask about sui let's see if the banana"}, {"start": "00:24:17", "end": "00:24:23", "text": "zone is happening or it's not happening"}, {"start": "00:24:20", "end": "00:24:25", "text": "for now no guys but it's bull trend it's"}, {"start": "00:24:23", "end": "00:24:27", "text": "bull trend so the way I see it I apply"}, {"start": "00:24:25", "end": "00:24:29", "text": "the same logic here that uh is bull"}, {"start": "00:24:27", "end": "00:24:32", "text": "trend so in a bull trend you have higher"}, {"start": "00:24:29", "end": "00:24:34", "text": "highs and higher lows um what's not too"}, {"start": "00:24:32", "end": "00:24:37", "text": "good is that it did not go higher than"}, {"start": "00:24:34", "end": "00:24:40", "text": "this that's not too good but all in all"}, {"start": "00:24:37", "end": "00:24:43", "text": "we are uh we are in bull trend So just"}, {"start": "00:24:40", "end": "00:24:45", "text": "treat as bull trend and in bull mania"}, {"start": "00:24:43", "end": "00:24:47", "text": "you get the full strategy how to"}, {"start": "00:24:45", "end": "00:24:49", "text": "allocate. So for example when we go to"}, {"start": "00:24:47", "end": "00:24:51", "text": "bull trend you don't go all in. You"}, {"start": "00:24:49", "end": "00:24:54", "text": "don't go all in. You have a strategy how"}, {"start": "00:24:51", "end": "00:24:56", "text": "to enter. And so that's why even if it"}, {"start": "00:24:54", "end": "00:24:58", "text": "goes down it's okay. It's okay because"}, {"start": "00:24:56", "end": "00:24:59", "text": "your average price is is going to be is"}, {"start": "00:24:58", "end": "00:25:02", "text": "going to be lower. Maybe if you love"}, {"start": "00:24:59", "end": "00:25:04", "text": "it's even it's even better as long as"}, {"start": "00:25:02", "end": "00:25:06", "text": "your stop loss doesn't hit. Uh if it if"}, {"start": "00:25:04", "end": "00:25:09", "text": "stop loss hits you're out. You're out."}, {"start": "00:25:06", "end": "00:25:11", "text": "you do you you you try something else."}, {"start": "00:25:09", "end": "00:25:13", "text": "If stop loss hits, you're out. So that's"}, {"start": "00:25:11", "end": "00:25:15", "text": "why you see"}, {"start": "00:25:13", "end": "00:25:18", "text": "bullman is so nice because it gives you"}, {"start": "00:25:15", "end": "00:25:20", "text": "end to end. It gives you a strategy for"}, {"start": "00:25:18", "end": "00:25:23", "text": "buying, for scaling in, for scaling out,"}, {"start": "00:25:20", "end": "00:25:25", "text": "for selling fully so that any scenario"}, {"start": "00:25:23", "end": "00:25:28", "text": "you're good where your risk is managed"}, {"start": "00:25:25", "end": "00:25:32", "text": "and your upside is is very good because"}, {"start": "00:25:28", "end": "00:25:34", "text": "a trend theoretically can run very high."}, {"start": "00:25:32", "end": "00:25:36", "text": "I don't want to say indefinitely, but"}, {"start": "00:25:34", "end": "00:25:39", "text": "your downside is capped with risk"}, {"start": "00:25:36", "end": "00:25:41", "text": "management, but the potential upside"}, {"start": "00:25:39", "end": "00:25:44", "text": "once the trend starts running and"}, {"start": "00:25:41", "end": "00:25:46", "text": "running hot. Fantastic. Fantastic."}, {"start": "00:25:44", "end": "00:25:49", "text": "Ivan, I'm the Casper guy and Casper is"}, {"start": "00:25:46", "end": "00:25:51", "text": "in bull trend now. I think we uh I think"}, {"start": "00:25:49", "end": "00:25:53", "text": "so we bullish now, right? It's the best"}, {"start": "00:25:51", "end": "00:25:55", "text": "tech."}, {"start": "00:25:53", "end": "00:25:58", "text": "Yo, the Kaspa Kaspa guy. Let's see."}, {"start": "00:25:55", "end": "00:26:00", "text": "Let's see. Let's see."}, {"start": "00:25:58", "end": "00:26:02", "text": "No, no one cares about Kaspa number."}, {"start": "00:26:00", "end": "00:26:04", "text": "Let's Let's just get it clear. But let"}, {"start": "00:26:02", "end": "00:26:06", "text": "let's check the attack. So let's check"}, {"start": "00:26:04", "end": "00:26:09", "text": "the chart. So it looks better than sui"}, {"start": "00:26:06", "end": "00:26:11", "text": "white because it's is bull trend. It has"}, {"start": "00:26:09", "end": "00:26:13", "text": "the same kind of pullback but it is"}, {"start": "00:26:11", "end": "00:26:16", "text": "above all of this and now all of this is"}, {"start": "00:26:13", "end": "00:26:18", "text": "support. Okay. So AC already used it"}, {"start": "00:26:16", "end": "00:26:20", "text": "already used that as support. It has all"}, {"start": "00:26:18", "end": "00:26:21", "text": "of this right here that is support. And"}, {"start": "00:26:20", "end": "00:26:25", "text": "you see it's already like this week used"}, {"start": "00:26:21", "end": "00:26:26", "text": "it as support. You see here. So look"}, {"start": "00:26:25", "end": "00:26:28", "text": "it's bull trend. Bull trend. In a bull"}, {"start": "00:26:26", "end": "00:26:31", "text": "trend we're bullish. In a bull trend"}, {"start": "00:26:28", "end": "00:26:31", "text": "we're bullish. That's it."}, {"start": "00:26:38", "end": "00:26:42", "text": "I accumulated more on the in the recent"}, {"start": "00:26:40", "end": "00:26:44", "text": "pullback. That's good. That's good."}, {"start": "00:26:42", "end": "00:26:45", "text": "Let's see. Just double check. So, it's"}, {"start": "00:26:44", "end": "00:26:46", "text": "bull trend. Uh let me double check. So,"}, {"start": "00:26:45", "end": "00:26:48", "text": "it's still bull trend. It's still bull"}, {"start": "00:26:46", "end": "00:26:50", "text": "trend. You see the situation is is"}, {"start": "00:26:48", "end": "00:26:53", "text": "similar here where it is bull trend. It"}, {"start": "00:26:50", "end": "00:26:55", "text": "had all of this time to build support."}, {"start": "00:26:53", "end": "00:26:57", "text": "It broke out from this, you know, long"}, {"start": "00:26:55", "end": "00:26:59", "text": "consolidation and now using it as"}, {"start": "00:26:57", "end": "00:27:00", "text": "support. So, as long as you have a"}, {"start": "00:26:59", "end": "00:27:04", "text": "strategy, you're not worried. You're not"}, {"start": "00:27:00", "end": "00:27:06", "text": "worried here in the in the pullback. U"}, {"start": "00:27:04", "end": "00:27:08", "text": "because if you actually have a strategy,"}, {"start": "00:27:06", "end": "00:27:09", "text": "you have a stop loss. So your max draw"}, {"start": "00:27:08", "end": "00:27:11", "text": "down. You know it, man. You know it. If"}, {"start": "00:27:09", "end": "00:27:13", "text": "if the stop loss hits, you respect it."}, {"start": "00:27:11", "end": "00:27:14", "text": "You're out. You take the money and then"}, {"start": "00:27:13", "end": "00:27:15", "text": "you can redeploy it in something else."}, {"start": "00:27:14", "end": "00:27:16", "text": "Some new bull trend. There's all every"}, {"start": "00:27:15", "end": "00:27:18", "text": "day there's new bull trend. So you don't"}, {"start": "00:27:16", "end": "00:27:20", "text": "have to be married. I just the reason I"}, {"start": "00:27:18", "end": "00:27:23", "text": "was late to the stream. spoke to a guy"}, {"start": "00:27:20", "end": "00:27:25", "text": "in our bulmania discord"}, {"start": "00:27:23", "end": "00:27:28", "text": "and we spoke about this maximalism that"}, {"start": "00:27:25", "end": "00:27:30", "text": "let's say you really love a coin and you"}, {"start": "00:27:28", "end": "00:27:32", "text": "feel ah man I miss you know I miss this"}, {"start": "00:27:30", "end": "00:27:34", "text": "I I love it and I miss it actually it"}, {"start": "00:27:32", "end": "00:27:38", "text": "introduces this emotional attachment to"}, {"start": "00:27:34", "end": "00:27:40", "text": "to your strategy which the strategy does"}, {"start": "00:27:38", "end": "00:27:43", "text": "not handle your emotional attachment man"}, {"start": "00:27:40", "end": "00:27:46", "text": "you cannot come and you know be a maxi"}, {"start": "00:27:43", "end": "00:27:48", "text": "the strategy is treating the chart no"}, {"start": "00:27:46", "end": "00:27:52", "text": "matter what you feel about the chart no"}, {"start": "00:27:48", "end": "00:27:53", "text": "matter if If you feel, you know, some"}, {"start": "00:27:52", "end": "00:27:56", "text": "extra"}, {"start": "00:27:53", "end": "00:27:59", "text": "romanticism, okay? No. Okay. It doesn't"}, {"start": "00:27:56", "end": "00:28:01", "text": "matter if you feel a bit extra romantic"}, {"start": "00:27:59", "end": "00:28:03", "text": "to the chart. The strategy is clear."}, {"start": "00:28:01", "end": "00:28:04", "text": "It's bare trend. It's bare trend. And if"}, {"start": "00:28:03", "end": "00:28:05", "text": "it's bull trend, you're bullish in a"}, {"start": "00:28:04", "end": "00:28:09", "text": "bull trend. And you're birch in a bare"}, {"start": "00:28:05", "end": "00:28:12", "text": "trend. So, why did I bring it up? I"}, {"start": "00:28:09", "end": "00:28:16", "text": "don't know. What was that?"}, {"start": "00:28:12", "end": "00:28:20", "text": "Yo, hexagon, hexagon, hexagon."}, {"start": "00:28:16", "end": "00:28:25", "text": "Why only two two euro? Why so cheap?"}, {"start": "00:28:20", "end": "00:28:25", "text": "Exactly. Because Hex is down."}, {"start": "00:28:25", "end": "00:28:29", "text": "Hex is down."}, {"start": "00:28:28", "end": "00:28:31", "text": "Hexans"}, {"start": "00:28:29", "end": "00:28:33", "text": "down a lot. But big shout, guys. Big"}, {"start": "00:28:31", "end": "00:28:35", "text": "shout. You're pumping or I I I haven't"}, {"start": "00:28:33", "end": "00:28:37", "text": "checked on you in a long time. You guys"}, {"start": "00:28:35", "end": "00:28:38", "text": "are pumping some. Has something pumped"}, {"start": "00:28:37", "end": "00:28:40", "text": "there? Is it's Is bull trend or what's"}, {"start": "00:28:38", "end": "00:28:43", "text": "happening?"}, {"start": "00:28:40", "end": "00:28:46", "text": "What's happening, guys?"}, {"start": "00:28:43", "end": "00:28:46", "text": "Uh"}, {"start": "00:28:47", "end": "00:28:52", "text": "the only maximalism allowed is"}, {"start": "00:28:49", "end": "00:28:55", "text": "bulmanium. Exactly. Exactly. Exactly."}, {"start": "00:28:52", "end": "00:28:58", "text": "But yeah, in terms of uh your question,"}, {"start": "00:28:55", "end": "00:28:59", "text": "I I cannot verify the fact that is"}, {"start": "00:28:58", "end": "00:29:02", "text": "correct. But of course, if there is"}, {"start": "00:28:59", "end": "00:29:05", "text": "someone's birthday, big happy birthday"}, {"start": "00:29:02", "end": "00:29:09", "text": "from us. Big big happy birthday. Big"}, {"start": "00:29:05", "end": "00:29:12", "text": "juicy fantastic happy birthday. Good."}, {"start": "00:29:09", "end": "00:29:12", "text": "Good. Good."}, {"start": "00:29:14", "end": "00:29:18", "text": "I mean I hope you get some present"}, {"start": "00:29:16", "end": "00:29:20", "text": "ma'am. Can can can you get a nice pump"}, {"start": "00:29:18", "end": "00:29:24", "text": "or something?"}, {"start": "00:29:20", "end": "00:29:26", "text": "You know sometimes is the guy that is"}, {"start": "00:29:24", "end": "00:29:28", "text": "whose birthday it is that needs to give"}, {"start": "00:29:26", "end": "00:29:30", "text": "present to everyone. I mean when you go"}, {"start": "00:29:28", "end": "00:29:32", "text": "to daycare kindergarten you remember"}, {"start": "00:29:30", "end": "00:29:33", "text": "when you went there you brought the cake"}, {"start": "00:29:32", "end": "00:29:35", "text": "even if it's your your birthday. I mean"}, {"start": "00:29:33", "end": "00:29:38", "text": "that kind of setup would be better for"}, {"start": "00:29:35", "end": "00:29:40", "text": "you hexagons because"}, {"start": "00:29:38", "end": "00:29:43", "text": "you are you you're poor. I mean, what to"}, {"start": "00:29:40", "end": "00:29:46", "text": "say? You're poor."}, {"start": "00:29:43", "end": "00:29:48", "text": "So, I I propose this reversed uh"}, {"start": "00:29:46", "end": "00:29:50", "text": "kindergarten kind of birthday approach"}, {"start": "00:29:48", "end": "00:29:52", "text": "where the birthday guy brings you cake."}, {"start": "00:29:50", "end": "00:29:54", "text": "Your Messiah brings you cake. Wouldn't"}, {"start": "00:29:52", "end": "00:29:55", "text": "that be nice? That's what I would be"}, {"start": "00:29:54", "end": "00:29:58", "text": "rooting for, by the way, because I'm"}, {"start": "00:29:55", "end": "00:30:00", "text": "always on your side. I'm on your side."}, {"start": "00:29:58", "end": "00:30:02", "text": "You may not understand it. You may not"}, {"start": "00:30:00", "end": "00:30:04", "text": "appreciate it. But at the end of the"}, {"start": "00:30:02", "end": "00:30:06", "text": "day, if you think back, if you just"}, {"start": "00:30:04", "end": "00:30:08", "text": "listen to Ivan a bit more carefully"}, {"start": "00:30:06", "end": "00:30:09", "text": "throughout the last year, this year, you"}, {"start": "00:30:08", "end": "00:30:12", "text": "would be better off. I mean, it's just"}, {"start": "00:30:09", "end": "00:30:15", "text": "true. It's mathematical truth. You would"}, {"start": "00:30:12", "end": "00:30:18", "text": "be better off. Uh I remember on New"}, {"start": "00:30:15", "end": "00:30:20", "text": "Year's Day, New Year's Eve, 31st of"}, {"start": "00:30:18", "end": "00:30:22", "text": "December, I told you guys yet again"}, {"start": "00:30:20", "end": "00:30:24", "text": "after many times before, I told you hex"}, {"start": "00:30:22", "end": "00:30:27", "text": "doesn't look good according to me. It"}, {"start": "00:30:24", "end": "00:30:30", "text": "looks very bad."}, {"start": "00:30:27", "end": "00:30:32", "text": "It's already soon a year and imagine how"}, {"start": "00:30:30", "end": "00:30:34", "text": "it would be different. man could be so"}, {"start": "00:30:32", "end": "00:30:37", "text": "different. So I'm here for you when"}, {"start": "00:30:34", "end": "00:30:39", "text": "you're ready. Most of you lost lost"}, {"start": "00:30:37", "end": "00:30:42", "text": "cause lost cause. But some of you some"}, {"start": "00:30:39", "end": "00:30:43", "text": "of you uh come here instead every day."}, {"start": "00:30:42", "end": "00:30:47", "text": "Fantastic. Fantastic. So you can"}, {"start": "00:30:43", "end": "00:30:47", "text": "understand the market."}, {"start": "00:30:49", "end": "00:30:53", "text": "Okay. Stocknet. I don't like but let's"}, {"start": "00:30:52", "end": "00:30:55", "text": "see the the chart. You see the chart"}, {"start": "00:30:53", "end": "00:30:57", "text": "doesn't care about whether I like it or"}, {"start": "00:30:55", "end": "00:31:00", "text": "I don't like it or what else happening."}, {"start": "00:30:57", "end": "00:31:02", "text": "Starknet is bullish. So yeah, I actually"}, {"start": "00:31:00", "end": "00:31:05", "text": "like it."}, {"start": "00:31:02", "end": "00:31:08", "text": "I don't"}, {"start": "00:31:05", "end": "00:31:10", "text": "Okay, guys. Let me look. I I I there's"}, {"start": "00:31:08", "end": "00:31:13", "text": "something with stocknet. See, I even"}, {"start": "00:31:10", "end": "00:31:16", "text": "even I sometimes I I need to train my"}, {"start": "00:31:13", "end": "00:31:19", "text": "emotion because I need to be less"}, {"start": "00:31:16", "end": "00:31:21", "text": "emotional here because it is bull trend."}, {"start": "00:31:19", "end": "00:31:24", "text": "So technically it's bullish. It's up 53%"}, {"start": "00:31:21", "end": "00:31:28", "text": "is a bull trend. But guys, I get so"}, {"start": "00:31:24", "end": "00:31:28", "text": "annoyed with Stark."}, {"start": "00:31:28", "end": "00:31:35", "text": "It was pitched as this intellectual"}, {"start": "00:31:31", "end": "00:31:35", "text": "amazing thing."}, {"start": "00:31:35", "end": "00:31:40", "text": "All the smart dudes said starkness,"}, {"start": "00:31:38", "end": "00:31:42", "text": "starkness, starkness, starkness,"}, {"start": "00:31:40", "end": "00:31:45", "text": "starkness."}, {"start": "00:31:42", "end": "00:31:46", "text": "And then that's the chart now. Okay,"}, {"start": "00:31:45", "end": "00:31:48", "text": "they're going to do their own L1 or"}, {"start": "00:31:46", "end": "00:31:50", "text": "something. They said, yeah, it's a"}, {"start": "00:31:48", "end": "00:31:53", "text": "memecoin, guys. It's a memecoin. It's a"}, {"start": "00:31:50", "end": "00:31:57", "text": "memecoin where smart dudes can circle J"}, {"start": "00:31:53", "end": "00:32:00", "text": "and feel smart. That's basically it."}, {"start": "00:31:57", "end": "00:32:01", "text": "It's a circle J coin."}, {"start": "00:32:00", "end": "00:32:03", "text": "You know what circle J is? Yeah, I don't"}, {"start": "00:32:01", "end": "00:32:05", "text": "have to I don't have to spell it, but"}, {"start": "00:32:03", "end": "00:32:07", "text": "yeah, it's it's ceasing in a circle and"}, {"start": "00:32:05", "end": "00:32:10", "text": "uh using friction to achieve certain"}, {"start": "00:32:07", "end": "00:32:10", "text": "goal."}, {"start": "00:32:12", "end": "00:32:16", "text": "They're circular circularly connected"}, {"start": "00:32:15", "end": "00:32:19", "text": "like a closed circuit for all of you"}, {"start": "00:32:16", "end": "00:32:19", "text": "electricians."}, {"start": "00:32:21", "end": "00:32:29", "text": "So the circle J of the smart guys"}, {"start": "00:32:26", "end": "00:32:32", "text": "circle J this intellectual thing"}, {"start": "00:32:29", "end": "00:32:34", "text": "and yeah and goes down so oh my god oh"}, {"start": "00:32:32", "end": "00:32:38", "text": "my god now guys it now it's bullish so"}, {"start": "00:32:34", "end": "00:32:41", "text": "when when things are bull trend"}, {"start": "00:32:38", "end": "00:32:43", "text": "when things uh uh are bull trend we have"}, {"start": "00:32:41", "end": "00:32:46", "text": "to be bullish and actually when it went"}, {"start": "00:32:43", "end": "00:32:48", "text": "down so much it's very good like it's"}, {"start": "00:32:46", "end": "00:32:50", "text": "when it go down so much it means you can"}, {"start": "00:32:48", "end": "00:32:53", "text": "pump up you So just getting back to this"}, {"start": "00:32:50", "end": "00:32:57", "text": "is 36%. Just getting back to this is"}, {"start": "00:32:53", "end": "00:32:59", "text": "350%. So and getting back to here is 30x"}, {"start": "00:32:57", "end": "00:33:03", "text": "to get back to this high. You"}, {"start": "00:32:59", "end": "00:33:06", "text": "understand? 30x to get back to when the"}, {"start": "00:33:03", "end": "00:33:10", "text": "circle J started. Why not? You know, you"}, {"start": "00:33:06", "end": "00:33:12", "text": "understand? So I need to I I need to in"}, {"start": "00:33:10", "end": "00:33:13", "text": "these cases like you you you see my"}, {"start": "00:33:12", "end": "00:33:15", "text": "evolution because I'm also evolving"}, {"start": "00:33:13", "end": "00:33:17", "text": "every day. I'm also evolving every day."}, {"start": "00:33:15", "end": "00:33:20", "text": "You understand that when something has"}, {"start": "00:33:17", "end": "00:33:23", "text": "been down so bad and now it's bull trend"}, {"start": "00:33:20", "end": "00:33:24", "text": "oh guys it's it's only it's you see"}, {"start": "00:33:23", "end": "00:33:26", "text": "there there's big opportunities and"}, {"start": "00:33:24", "end": "00:33:28", "text": "here's the thing because we have not"}, {"start": "00:33:26", "end": "00:33:29", "text": "been holding and down it means that"}, {"start": "00:33:28", "end": "00:33:31", "text": "let's say it just goes here boop let's"}, {"start": "00:33:29", "end": "00:33:35", "text": "say it just goes here and then not it"}, {"start": "00:33:31", "end": "00:33:37", "text": "does not go to alltime high it's 350%."}, {"start": "00:33:35", "end": "00:33:38", "text": "So, we we don't need this thing to go to"}, {"start": "00:33:37", "end": "00:33:40", "text": "alltime high. And now they're going to"}, {"start": "00:33:38", "end": "00:33:41", "text": "do their own L1. I mean, clearly"}, {"start": "00:33:40", "end": "00:33:44", "text": "something is happening here. It's it's"}, {"start": "00:33:41", "end": "00:33:46", "text": "pumping. It's above. You see here there"}, {"start": "00:33:44", "end": "00:33:47", "text": "are a few good things that are very good"}, {"start": "00:33:46", "end": "00:33:50", "text": "actually. It's bull trend number one."}, {"start": "00:33:47", "end": "00:33:52", "text": "It's also above this number two and it"}, {"start": "00:33:50", "end": "00:33:54", "text": "has follow through. So, the chart is"}, {"start": "00:33:52", "end": "00:33:56", "text": "good. What can I say? The chart is very"}, {"start": "00:33:54", "end": "00:33:59", "text": "good. It has a bit of resist resistance"}, {"start": "00:33:56", "end": "00:34:00", "text": "now on this uh previous one. Should it"}, {"start": "00:33:59", "end": "00:34:02", "text": "break that I mean basically could"}, {"start": "00:34:00", "end": "00:34:04", "text": "explode into this range which is like"}, {"start": "00:34:02", "end": "00:34:07", "text": "double from where it's now. Anyway guys,"}, {"start": "00:34:04", "end": "00:34:09", "text": "start looks good."}, {"start": "00:34:07", "end": "00:34:11", "text": "Start. I I just need to forget like the"}, {"start": "00:34:09", "end": "00:34:12", "text": "early days when all the smart guys told"}, {"start": "00:34:11", "end": "00:34:15", "text": "so amazing. Start so amazing. So"}, {"start": "00:34:12", "end": "00:34:18", "text": "amazing. So amazing. It's a meme. See it"}, {"start": "00:34:15", "end": "00:34:20", "text": "as a memecoin then. Okay. If you if I"}, {"start": "00:34:18", "end": "00:34:23", "text": "see it as a memecoin, I don't have any"}, {"start": "00:34:20", "end": "00:34:27", "text": "feeling. Okay. Then then then I can then"}, {"start": "00:34:23", "end": "00:34:27", "text": "then I can deal with it. You understand?"}, {"start": "00:34:28", "end": "00:34:32", "text": "Fantastic. Fantastic."}, {"start": "00:34:45", "end": "00:34:49", "text": "Yo, Matt, what are you saying?"}, {"start": "00:34:51", "end": "00:34:55", "text": "Yeah, Pulsion is is is horrible in all"}, {"start": "00:34:53", "end": "00:34:56", "text": "in all respects. In all respects. In the"}, {"start": "00:34:55", "end": "00:34:58", "text": "tech is the worst. It doesn't even have"}, {"start": "00:34:56", "end": "00:35:00", "text": "a working block explorer. I mean,"}, {"start": "00:34:58", "end": "00:35:01", "text": "listen, at least this thing has a"}, {"start": "00:35:00", "end": "00:35:03", "text": "working block. You guys don't even have"}, {"start": "00:35:01", "end": "00:35:04", "text": "a working block explorer. You want you"}, {"start": "00:35:03", "end": "00:35:06", "text": "want to check what happened in the past."}, {"start": "00:35:04", "end": "00:35:09", "text": "It's impossible"}, {"start": "00:35:06", "end": "00:35:09", "text": "what you're saying."}, {"start": "00:35:10", "end": "00:35:13", "text": "I mean guys like techwise tech wise"}, {"start": "00:35:12", "end": "00:35:17", "text": "don't compare like even starknet is like"}, {"start": "00:35:13", "end": "00:35:20", "text": "it's millions years ahead of the slop"}, {"start": "00:35:17", "end": "00:35:23", "text": "copy of ETH which is pulse like it's a"}, {"start": "00:35:20", "end": "00:35:25", "text": "slope it's a you know that poor guy Bret"}, {"start": "00:35:23", "end": "00:35:27", "text": "big shout to I mean Bret seems like a"}, {"start": "00:35:25", "end": "00:35:29", "text": "nice guy but he's I he's also like a"}, {"start": "00:35:27", "end": "00:35:31", "text": "poor dude like I I feel sorry for he"}, {"start": "00:35:29", "end": "00:35:33", "text": "himself need to like copy that crap like"}, {"start": "00:35:31", "end": "00:35:35", "text": "you know alone like how much you can do"}, {"start": "00:35:33", "end": "00:35:40", "text": "alone I mean you can get it running yeah"}, {"start": "00:35:35", "end": "00:35:43", "text": "so it's the team is one guy it's brea"}, {"start": "00:35:40", "end": "00:35:45", "text": "Yeah. Bishop to Bretham though. He He"}, {"start": "00:35:43", "end": "00:35:48", "text": "seems like a good guy. I like Breton. I"}, {"start": "00:35:45", "end": "00:35:48", "text": "like Breto."}, {"start": "00:35:49", "end": "00:35:52", "text": "I like Bream."}, {"start": "00:35:52", "end": "00:35:56", "text": "Fantastic. Fantastic."}, {"start": "00:36:03", "end": "00:36:07", "text": "Matt is saying that Pulsion is very"}, {"start": "00:36:04", "end": "00:36:09", "text": "bearish. Yeah. Yeah. Matt. Exactly."}, {"start": "00:36:07", "end": "00:36:11", "text": "Exactly."}, {"start": "00:36:09", "end": "00:36:13", "text": "Matt is saying Matt in the chat Matt"}, {"start": "00:36:11", "end": "00:36:16", "text": "Smith in the chat is saying Palch Chain"}, {"start": "00:36:13", "end": "00:36:19", "text": "is so bearish. Yeah, exactly. Exactly."}, {"start": "00:36:16", "end": "00:36:19", "text": "Correct."}, {"start": "00:36:21", "end": "00:36:28", "text": "Correct. Correct."}, {"start": "00:36:24", "end": "00:36:31", "text": "Matt just says no bias. Exactly."}, {"start": "00:36:28", "end": "00:36:31", "text": "Exactly."}, {"start": "00:36:32", "end": "00:36:37", "text": "Exactly. Exactly."}, {"start": "00:36:35", "end": "00:36:39", "text": "Matt is going places. Yeah. Okay. Bit"}, {"start": "00:36:37", "end": "00:36:42", "text": "tensor. Let's check bit tensor. Bit"}, {"start": "00:36:39", "end": "00:36:42", "text": "tensor."}, {"start": "00:36:44", "end": "00:36:47", "text": "Big shout. Big shout out to Pul. I mean,"}, {"start": "00:36:45", "end": "00:36:51", "text": "we're just joking. We're just joking. I"}, {"start": "00:36:47", "end": "00:36:53", "text": "love this. I love this. We're just"}, {"start": "00:36:51", "end": "00:36:56", "text": "joking. Bit tensor. Oh, guys. Bit"}, {"start": "00:36:53", "end": "00:36:59", "text": "tensor. See here. It's technically bull"}, {"start": "00:36:56", "end": "00:37:00", "text": "trend, but it cannot get above. We We"}, {"start": "00:36:59", "end": "00:37:04", "text": "had this yellow line here a few weeks"}, {"start": "00:37:00", "end": "00:37:06", "text": "ago. It still didn't go above it. So, uh"}, {"start": "00:37:04", "end": "00:37:08", "text": "I don't like the chart now, guys. It's"}, {"start": "00:37:06", "end": "00:37:10", "text": "so much chop. I mean starknet is way"}, {"start": "00:37:08", "end": "00:37:12", "text": "better chart. You see starknet it can do"}, {"start": "00:37:10", "end": "00:37:13", "text": "like a 30x to alltime high and uh it"}, {"start": "00:37:12", "end": "00:37:16", "text": "dumped so much like it has so much"}, {"start": "00:37:13", "end": "00:37:18", "text": "recovery still this thing like it's so"}, {"start": "00:37:16", "end": "00:37:19", "text": "like this whole thing is just a big fat"}, {"start": "00:37:18", "end": "00:37:21", "text": "resistance like the whole chart is just"}, {"start": "00:37:19", "end": "00:37:24", "text": "one big fat like all of this here is"}, {"start": "00:37:21", "end": "00:37:25", "text": "resistance you know all of this is just"}, {"start": "00:37:24", "end": "00:37:28", "text": "resistance here it's a big fat"}, {"start": "00:37:25", "end": "00:37:30", "text": "resistance but that's a whole chart of"}, {"start": "00:37:28", "end": "00:37:32", "text": "bit tensor so if it goes above that"}, {"start": "00:37:30", "end": "00:37:35", "text": "yellow line is it's going to be a bit"}, {"start": "00:37:32", "end": "00:37:35", "text": "brighter. Yeah."}, {"start": "00:37:40", "end": "00:37:45", "text": "What else is bullish other than RA? So,"}, {"start": "00:37:41", "end": "00:37:47", "text": "yeah, Raium looks good. It's uh up 84%"}, {"start": "00:37:45", "end": "00:37:49", "text": "since the bull bull flip. Let's check"}, {"start": "00:37:47", "end": "00:37:51", "text": "the other stuff which is bullish. Let's"}, {"start": "00:37:49", "end": "00:37:53", "text": "just check like coin gecko what happened"}, {"start": "00:37:51", "end": "00:37:56", "text": "in the last 24 hours. So we can we can"}, {"start": "00:37:53", "end": "00:37:56", "text": "see"}, {"start": "00:38:01", "end": "00:38:10", "text": "so startet obviously because they do L1"}, {"start": "00:38:05", "end": "00:38:12", "text": "uh for 4 42%. Then you have uh uh"}, {"start": "00:38:10", "end": "00:38:17", "text": "backpack. Oh yeah, backpack by the way"}, {"start": "00:38:12", "end": "00:38:17", "text": "has been let's see backpack"}, {"start": "00:38:17", "end": "00:38:22", "text": "got to be installed here. Uh, oh, by the"}, {"start": "00:38:20", "end": "00:38:24", "text": "way guys, what do you think about open"}, {"start": "00:38:22", "end": "00:38:26", "text": "market that that it's a bit off topic,"}, {"start": "00:38:24", "end": "00:38:27", "text": "but what do you guys think? Backpack"}, {"start": "00:38:26", "end": "00:38:32", "text": "looks good, guys. It's bull trend. Yeah,"}, {"start": "00:38:27", "end": "00:38:34", "text": "it looks good. Guys, what do you think"}, {"start": "00:38:32", "end": "00:38:37", "text": "about open market? Have you tried that"}, {"start": "00:38:34", "end": "00:38:40", "text": "instead of trading view? Because we will"}, {"start": "00:38:37", "end": "00:38:43", "text": "have to migrate from trading view uh"}, {"start": "00:38:40", "end": "00:38:44", "text": "like bull mania the and I'm still"}, {"start": "00:38:43", "end": "00:38:47", "text": "thinking like should we use open market"}, {"start": "00:38:44", "end": "00:38:51", "text": "instead? Should we do our own chart?"}, {"start": "00:38:47", "end": "00:38:54", "text": "Should we open market? The good thing is"}, {"start": "00:38:51", "end": "00:38:56", "text": "they have an app and that's very good"}, {"start": "00:38:54", "end": "00:39:00", "text": "because we we basically thinking should"}, {"start": "00:38:56", "end": "00:39:02", "text": "we do our own charts because uh here in"}, {"start": "00:39:00", "end": "00:39:04", "text": "it would be cool to do our own charts"}, {"start": "00:39:02", "end": "00:39:06", "text": "for one single reason and that's that we"}, {"start": "00:39:04", "end": "00:39:08", "text": "can have bullmania AI integrated but the"}, {"start": "00:39:06", "end": "00:39:10", "text": "thing is we're not going to do an app"}, {"start": "00:39:08", "end": "00:39:12", "text": "and like we we're not I mean we're"}, {"start": "00:39:10", "end": "00:39:16", "text": "not like full-time developer of of of"}, {"start": "00:39:12", "end": "00:39:18", "text": "stuff but we could do our own um stuff"}, {"start": "00:39:16", "end": "00:39:20", "text": "with AI and stuff like that but I don't"}, {"start": "00:39:18", "end": "00:39:22", "text": "know if it's worth it If if you guys"}, {"start": "00:39:20", "end": "00:39:24", "text": "like if you guys love open market, you"}, {"start": "00:39:22", "end": "00:39:25", "text": "see here we're doing some experiments."}, {"start": "00:39:24", "end": "00:39:28", "text": "We could just integrate our own charts"}, {"start": "00:39:25", "end": "00:39:30", "text": "like in our own freaking UI in Bulmania"}, {"start": "00:39:28", "end": "00:39:32", "text": "AI. So when you click for example, you"}, {"start": "00:39:30", "end": "00:39:34", "text": "see here I click XRP. Boop, it shows"}, {"start": "00:39:32", "end": "00:39:36", "text": "instant here. It is quite nice. I mean"}, {"start": "00:39:34", "end": "00:39:39", "text": "uh if I'm to say it myself, it's"}, {"start": "00:39:36", "end": "00:39:40", "text": "actually quite amazing. But but but we"}, {"start": "00:39:39", "end": "00:39:43", "text": "also need to be realistic and that's"}, {"start": "00:39:40", "end": "00:39:45", "text": "that man. I'm not going to call you an"}, {"start": "00:39:43", "end": "00:39:47", "text": "app. It's not happening. I'm not going"}, {"start": "00:39:45", "end": "00:39:50", "text": "to call you an app. But it could be cool"}, {"start": "00:39:47", "end": "00:39:52", "text": "to use bullman AI. You can I mean you"}, {"start": "00:39:50", "end": "00:39:53", "text": "could ask it stuff. For example, you"}, {"start": "00:39:52", "end": "00:39:55", "text": "know, show me this and that like show me"}, {"start": "00:39:53", "end": "00:39:58", "text": "when the rates were were hiked and it"}, {"start": "00:39:55", "end": "00:39:59", "text": "just boop boop draws line. But also, you"}, {"start": "00:39:58", "end": "00:40:01", "text": "know, maybe we should do both. We can"}, {"start": "00:39:59", "end": "00:40:03", "text": "also do both. We can have an indicator"}, {"start": "00:40:01", "end": "00:40:05", "text": "in open market. So you can use it"}, {"start": "00:40:03", "end": "00:40:07", "text": "yourself and we can also have this"}, {"start": "00:40:05", "end": "00:40:10", "text": "because this is this this I mean it's"}, {"start": "00:40:07", "end": "00:40:11", "text": "not we already have it already have it."}, {"start": "00:40:10", "end": "00:40:14", "text": "But I just know that you know getting to"}, {"start": "00:40:11", "end": "00:40:17", "text": "where we are now is like the easy part."}, {"start": "00:40:14", "end": "00:40:19", "text": "getting to user perfection. That is the"}, {"start": "00:40:17", "end": "00:40:22", "text": "hard part. You know, you know how it is"}, {"start": "00:40:19", "end": "00:40:25", "text": "in software to get 80% done takes like"}, {"start": "00:40:22", "end": "00:40:27", "text": "10% of the effort to get 80% down. Done."}, {"start": "00:40:25", "end": "00:40:29", "text": "We're kind of there. I mean, it works."}, {"start": "00:40:27", "end": "00:40:30", "text": "It works. It works. The chart works."}, {"start": "00:40:29", "end": "00:40:33", "text": "Everything is beautiful. Our own site."}, {"start": "00:40:30", "end": "00:40:36", "text": "We can integrate AI. You see, we're 80%"}, {"start": "00:40:33", "end": "00:40:38", "text": "done, but that took 10% of the effort."}, {"start": "00:40:36", "end": "00:40:42", "text": "90% of the effort is going to go to"}, {"start": "00:40:38", "end": "00:40:43", "text": "making it like at the standard that"}, {"start": "00:40:42", "end": "00:40:46", "text": "people expect nowadays with their like"}, {"start": "00:40:43", "end": "00:40:49", "text": "trading app with their like trading view"}, {"start": "00:40:46", "end": "00:40:52", "text": "app now. But it is for sure guys"}, {"start": "00:40:49", "end": "00:40:55", "text": "we need to leave trading view because"}, {"start": "00:40:52", "end": "00:40:58", "text": "they they they how how can I say it?"}, {"start": "00:40:55", "end": "00:41:04", "text": "They effed us. Can you say like that?"}, {"start": "00:40:58", "end": "00:41:06", "text": "They they effed us in a big way because"}, {"start": "00:41:04", "end": "00:41:10", "text": "we probably guys over the years since"}, {"start": "00:41:06", "end": "00:41:13", "text": "the last 10 years we probably gave them"}, {"start": "00:41:10", "end": "00:41:17", "text": "guys probably hundreds of thousands of"}, {"start": "00:41:13", "end": "00:41:20", "text": "people. Okay, that either checked them"}, {"start": "00:41:17", "end": "00:41:22", "text": "or became client or in some way got"}, {"start": "00:41:20", "end": "00:41:23", "text": "exposed to them. I mean just us using it"}, {"start": "00:41:22", "end": "00:41:25", "text": "on the streams. Now I don't want to say"}, {"start": "00:41:23", "end": "00:41:26", "text": "that you know oh you know we're so"}, {"start": "00:41:25", "end": "00:41:28", "text": "important but you know practically for"}, {"start": "00:41:26", "end": "00:41:31", "text": "example when in Bulmania we tell"}, {"start": "00:41:28", "end": "00:41:34", "text": "everyone to get trading and to use it in"}, {"start": "00:41:31", "end": "00:41:37", "text": "a good way you need to pay for it"}, {"start": "00:41:34", "end": "00:41:39", "text": "and we've had I mean we since and before"}, {"start": "00:41:37", "end": "00:41:40", "text": "Bulmania with Morales and before with"}, {"start": "00:41:39", "end": "00:41:43", "text": "Ivon Techch Academy you know we've been"}, {"start": "00:41:40", "end": "00:41:46", "text": "doing trading education now for for a"}, {"start": "00:41:43", "end": "00:41:50", "text": "long time and uh every anyone who is"}, {"start": "00:41:46", "end": "00:41:52", "text": "serious needed to buy Trading View."}, {"start": "00:41:50", "end": "00:41:54", "text": "So, okay, we did we probably did not"}, {"start": "00:41:52", "end": "00:41:55", "text": "give them hundreds of thousands of paid"}, {"start": "00:41:54", "end": "00:41:57", "text": "clients, but it wouldn't surprise me if"}, {"start": "00:41:55", "end": "00:41:59", "text": "we gave them tens of thousands of paid"}, {"start": "00:41:57", "end": "00:42:01", "text": "clients. And we didn't even have"}, {"start": "00:41:59", "end": "00:42:04", "text": "affiliate."}, {"start": "00:42:01", "end": "00:42:07", "text": "See, my dumb ass should have just shield"}, {"start": "00:42:04", "end": "00:42:11", "text": "affiliate link to Tra."}, {"start": "00:42:07", "end": "00:42:15", "text": "Anyway, now after all we've done for"}, {"start": "00:42:11", "end": "00:42:17", "text": "them, all we've done for Tra,"}, {"start": "00:42:15", "end": "00:42:20", "text": "and by the way, Trading View is not"}, {"start": "00:42:17", "end": "00:42:21", "text": "cheap. If you want to like show two"}, {"start": "00:42:20", "end": "00:42:23", "text": "freaking indicator, it's hundreds of"}, {"start": "00:42:21", "end": "00:42:25", "text": "dollars."}, {"start": "00:42:23", "end": "00:42:28", "text": "So anyway, after all we've done for"}, {"start": "00:42:25", "end": "00:42:31", "text": "them, what do they say? You cannot have"}, {"start": "00:42:28", "end": "00:42:33", "text": "your own private indicator"}, {"start": "00:42:31", "end": "00:42:37", "text": "that you sell. You need to sell it via"}, {"start": "00:42:33", "end": "00:42:39", "text": "our own ugly ass marketplace."}, {"start": "00:42:37", "end": "00:42:42", "text": "Basically trading you. They want to be"}, {"start": "00:42:39", "end": "00:42:46", "text": "Steve Jobs. They want to have app store."}, {"start": "00:42:42", "end": "00:42:49", "text": "They want to have app store."}, {"start": "00:42:46", "end": "00:42:51", "text": "Okay. probably looks good in a investor"}, {"start": "00:42:49", "end": "00:42:54", "text": "presentation. We're going to be app"}, {"start": "00:42:51", "end": "00:42:56", "text": "store. Get out of here. So anyway, so"}, {"start": "00:42:54", "end": "00:42:58", "text": "we're leaving them. We're leaving. We're"}, {"start": "00:42:56", "end": "00:43:01", "text": "leaving them. We're going to tell"}, {"start": "00:42:58", "end": "00:43:03", "text": "everyone to unsubscribe and to get"}, {"start": "00:43:01", "end": "00:43:08", "text": "refund and charge back and everything"}, {"start": "00:43:03", "end": "00:43:10", "text": "because they paid for Bulmania to most"}, {"start": "00:43:08", "end": "00:43:12", "text": "people in Bulmania, they pay for what?"}, {"start": "00:43:10", "end": "00:43:14", "text": "To be in Trading View so they can use"}, {"start": "00:43:12", "end": "00:43:16", "text": "our"}, {"start": "00:43:14", "end": "00:43:20", "text": "So some of them paid one year trading"}, {"start": "00:43:16", "end": "00:43:23", "text": "you and now we need to move. We're going"}, {"start": "00:43:20", "end": "00:43:25", "text": "to tell everyone guys"}, {"start": "00:43:23", "end": "00:43:28", "text": "claim refund. They don't give you"}, {"start": "00:43:25", "end": "00:43:30", "text": "refund, charge back, report to I mean do"}, {"start": "00:43:28", "end": "00:43:32", "text": "all kinds of stuff because it's not"}, {"start": "00:43:30", "end": "00:43:35", "text": "okay. It's not okay. It's not okay. It's"}, {"start": "00:43:32", "end": "00:43:38", "text": "not okay. Oh yeah. Yeah. It's not okay."}, {"start": "00:43:35", "end": "00:43:41", "text": "So anyway, charge uh charge. Anyway, you"}, {"start": "00:43:38", "end": "00:43:43", "text": "you we still have not moved yet. I still"}, {"start": "00:43:41", "end": "00:43:48", "text": "hope like deep down in my soul I hope"}, {"start": "00:43:43", "end": "00:43:51", "text": "that maybe they change their mind."}, {"start": "00:43:48", "end": "00:43:53", "text": "Maybe deep down I still have a hope. I"}, {"start": "00:43:51", "end": "00:43:55", "text": "have this belief"}, {"start": "00:43:53", "end": "00:43:58", "text": "that whatever pumps you have to pay"}, {"start": "00:43:55", "end": "00:44:01", "text": "respect but also that maybe trading you"}, {"start": "00:43:58", "end": "00:44:07", "text": "does change their mind. So this video if"}, {"start": "00:44:01", "end": "00:44:09", "text": "trading you sees it is my last appeal."}, {"start": "00:44:07", "end": "00:44:12", "text": "You probably don't care because you you"}, {"start": "00:44:09", "end": "00:44:13", "text": "see on a very high horse. We have a mini"}, {"start": "00:44:12", "end": "00:44:16", "text": "pony here guys. I mean we are we're"}, {"start": "00:44:13", "end": "00:44:18", "text": "small pony like you know trading view"}, {"start": "00:44:16", "end": "00:44:21", "text": "they probably think they are on a big"}, {"start": "00:44:18", "end": "00:44:22", "text": "fat horse. Okay. We have a pony. Yeah."}, {"start": "00:44:21", "end": "00:44:24", "text": "You have many communities. We're just"}, {"start": "00:44:22", "end": "00:44:27", "text": "one."}, {"start": "00:44:24", "end": "00:44:31", "text": "So"}, {"start": "00:44:27", "end": "00:44:33", "text": "we going to go to open market. The"}, {"start": "00:44:31", "end": "00:44:34", "text": "reason why I also want to have our own"}, {"start": "00:44:33", "end": "00:44:36", "text": "charts guys is because it's a question"}, {"start": "00:44:34", "end": "00:44:39", "text": "of time before we're going to get effed"}, {"start": "00:44:36", "end": "00:44:39", "text": "by open market."}, {"start": "00:44:39", "end": "00:44:47", "text": "Okay, maybe not this decade."}, {"start": "00:44:43", "end": "00:44:49", "text": "Maybe not in 15 years. Eventually"}, {"start": "00:44:47", "end": "00:44:51", "text": "they're going to f us. Eventually I I"}, {"start": "00:44:49", "end": "00:44:54", "text": "guys I love open market by the way. Big"}, {"start": "00:44:51", "end": "00:44:56", "text": "sh I love open market but I'm also you"}, {"start": "00:44:54", "end": "00:44:59", "text": "know in my life I'm very happy person"}, {"start": "00:44:56", "end": "00:45:02", "text": "actually. I I'm never disappointed by"}, {"start": "00:44:59", "end": "00:45:04", "text": "people or because I just know the"}, {"start": "00:45:02", "end": "00:45:06", "text": "incentives."}, {"start": "00:45:04", "end": "00:45:08", "text": "I know the incentives. So I never oh no"}, {"start": "00:45:06", "end": "00:45:10", "text": "you know you betray I know you're"}, {"start": "00:45:08", "end": "00:45:11", "text": "insensitive this I know we we manage it"}, {"start": "00:45:10", "end": "00:45:13", "text": "maybe you know if it's business with"}, {"start": "00:45:11", "end": "00:45:15", "text": "contract other we manage it you know I I"}, {"start": "00:45:13", "end": "00:45:17", "text": "know everyone's incentive you cannot"}, {"start": "00:45:15", "end": "00:45:19", "text": "surprise me with your behavior I know"}, {"start": "00:45:17", "end": "00:45:20", "text": "everyone's extensive I know incentive of"}, {"start": "00:45:19", "end": "00:45:24", "text": "open market eventually it's going to be"}, {"start": "00:45:20", "end": "00:45:26", "text": "to f us at the same time in the"}, {"start": "00:45:24", "end": "00:45:28", "text": "meanwhile they are amazing in the"}, {"start": "00:45:26", "end": "00:45:30", "text": "meanwhile and maybe I will be proven"}, {"start": "00:45:28", "end": "00:45:32", "text": "wrong my strategy is that okay maybe I"}, {"start": "00:45:30", "end": "00:45:34", "text": "will be proven wrong then I'm even more"}, {"start": "00:45:32", "end": "00:45:37", "text": "happy then I'm going to be mad open"}, {"start": "00:45:34", "end": "00:45:39", "text": "market the best the best things in"}, {"start": "00:45:37", "end": "00:45:41", "text": "sliced bread. So So that that that's"}, {"start": "00:45:39", "end": "00:45:43", "text": "like my only resistance why I really"}, {"start": "00:45:41", "end": "00:45:46", "text": "wanted to ensure we explore all the"}, {"start": "00:45:43", "end": "00:45:48", "text": "options including not being in open"}, {"start": "00:45:46", "end": "00:45:50", "text": "market but because they have an app and"}, {"start": "00:45:48", "end": "00:45:53", "text": "they seem amazing. The team seems very"}, {"start": "00:45:50", "end": "00:45:55", "text": "good now. It seems that we're going to"}, {"start": "00:45:53", "end": "00:45:57", "text": "be moving to open market and and I mean"}, {"start": "00:45:55", "end": "00:46:00", "text": "for us it's quite easy to just have our"}, {"start": "00:45:57", "end": "00:46:01", "text": "own charts also like we have now so that"}, {"start": "00:46:00", "end": "00:46:03", "text": "we can have the AI because I love this"}, {"start": "00:46:01", "end": "00:46:04", "text": "AI guys. I I love that we can you know"}, {"start": "00:46:03", "end": "00:46:08", "text": "imagine you look at the chart and you"}, {"start": "00:46:04", "end": "00:46:09", "text": "can ask hey overlay in unemployment and"}, {"start": "00:46:08", "end": "00:46:12", "text": "it just you know it just does it you"}, {"start": "00:46:09", "end": "00:46:13", "text": "don't have to like click around or find"}, {"start": "00:46:12", "end": "00:46:15", "text": "is our own chart guys it's our own chart"}, {"start": "00:46:13", "end": "00:46:16", "text": "but we cannot do mobile app we're not"}, {"start": "00:46:15", "end": "00:46:18", "text": "we're not going to do like this full end"}, {"start": "00:46:16", "end": "00:46:21", "text": "to end thing that people expect nowadays"}, {"start": "00:46:18", "end": "00:46:24", "text": "anyway a bit of a rant here but uh you"}, {"start": "00:46:21", "end": "00:46:29", "text": "guys uh you you guys understand the the"}, {"start": "00:46:24", "end": "00:46:29", "text": "the context I went graciously extending"}, {"start": "00:46:30", "end": "00:46:35", "text": "guys exactly Ivan graciously extending"}, {"start": "00:46:33", "end": "00:46:37", "text": "an olive branch to trade. Yeah, I hope"}, {"start": "00:46:35", "end": "00:46:39", "text": "they change. I mean, I would love to be"}, {"start": "00:46:37", "end": "00:46:41", "text": "a promoter of trading you, which we've"}, {"start": "00:46:39", "end": "00:46:43", "text": "been doing even without a freaking"}, {"start": "00:46:41", "end": "00:46:44", "text": "affiliate link. Again, our dumb asses."}, {"start": "00:46:43", "end": "00:46:47", "text": "We should have gotten an affiliate link"}, {"start": "00:46:44", "end": "00:46:48", "text": "from day one. Even without affiliate"}, {"start": "00:46:47", "end": "00:46:52", "text": "link, we've been we've been promoting"}, {"start": "00:46:48", "end": "00:46:55", "text": "them. Uh, and so this is how they thank"}, {"start": "00:46:52", "end": "00:46:57", "text": "us. Anyway guys, that's it. I hope you"}, {"start": "00:46:55", "end": "00:47:00", "text": "understand and see you all when on"}, {"start": "00:46:57", "end": "00:47:02", "text": "Monday. Big shout to Guzman. Big shout"}, {"start": "00:47:00", "end": "00:47:05", "text": "shield baggings. I want to take some"}, {"start": "00:47:02", "end": "00:47:05", "text": "coffee. We have coffee here."}, {"start": "00:47:07", "end": "00:47:13", "text": "Have a good good Friday. Big reach out"}, {"start": "00:47:10", "end": "00:47:14", "text": "to Goodman for time slapping us."}, {"start": "00:47:13", "end": "00:47:18", "text": "Big shout out to Matt, the most bearish"}, {"start": "00:47:14", "end": "00:47:19", "text": "person on on pull And see you all"}, {"start": "00:47:18", "end": "00:47:22", "text": "Monday. Have a good day and goodbye"}, {"start": "00:47:19", "end": "00:47:22", "text": "guys. Goodbye. Good. Goodbye."}]

[{"end": "00:00:06", "start": "00:00:00", "text": "is there. The chat is there."}, {"end": "00:00:07", "start": "00:00:04", "text": "Oh yes. Oh yes. Oh yes. Oh yes. Guys,"}, {"end": "00:00:09", "start": "00:00:06", "text": "welcome to another episode. And as you"}, {"end": "00:00:13", "start": "00:00:07", "text": "can see right now, Bitcoin is dumping."}, {"end": "00:00:15", "start": "00:00:09", "text": "We're going down all the way to 82.9. To"}, {"end": "00:00:16", "start": "00:00:13", "text": "be fair, we're somewhere where we were"}, {"end": "00:00:21", "start": "00:00:15", "text": "yesterday. Yesterday we were somewhere"}, {"end": "00:00:22", "start": "00:00:16", "text": "here as well. 83 82.9 this and that. The"}, {"end": "00:00:25", "start": "00:00:21", "text": "good thing is that Bitcoin is still"}, {"end": "00:00:28", "start": "00:00:22", "text": "holding the yellow line. We're still"}, {"end": "00:00:31", "start": "00:00:25", "text": "above the May highs right here. So the"}, {"end": "00:00:34", "start": "00:00:28", "text": "way I see it is that we're just"}, {"end": "00:00:36", "start": "00:00:31", "text": "retesting retesting this breakout and"}, {"end": "00:00:39", "start": "00:00:34", "text": "the highest likelihood is that we do get"}, {"end": "00:00:42", "start": "00:00:36", "text": "a nice juicy fantastic bounce in a bull"}, {"end": "00:00:44", "start": "00:00:39", "text": "market. Be bullish. We're in bull trend."}, {"end": "00:00:47", "start": "00:00:42", "text": "We're the we're in the first bull trend"}, {"end": "00:00:50", "start": "00:00:44", "text": "since um here November 2025. And"}, {"end": "00:00:52", "start": "00:00:47", "text": "whenever you have a trend, you have the"}, {"end": "00:00:55", "start": "00:00:50", "text": "impulse wave when we break out like we"}, {"end": "00:00:57", "start": "00:00:52", "text": "had during the last uh uh weeks here. We"}, {"end": "00:00:59", "start": "00:00:55", "text": "broke out big fat pump breakout and"}, {"end": "00:01:03", "start": "00:00:57", "text": "sometimes within a trend you have"}, {"end": "00:01:05", "start": "00:00:59", "text": "counter trend moves. For example, right"}, {"end": "00:01:10", "start": "00:01:03", "text": "here we did see such a move where it"}, {"end": "00:01:13", "start": "00:01:05", "text": "went from 81 all the way to 75. And here"}, {"end": "00:01:15", "start": "00:01:10", "text": "another one when it went from 87"}, {"end": "00:01:17", "start": "00:01:13", "text": "currently all the way to 82. And with"}, {"end": "00:01:20", "start": "00:01:15", "text": "highest likelihood it is a counter trend"}, {"end": "00:01:21", "start": "00:01:17", "text": "move before the next big juicy leg up."}, {"end": "00:01:24", "start": "00:01:20", "text": "But listen, it's a probability maybe we"}, {"end": "00:01:26", "start": "00:01:21", "text": "go to zero. No one knows what's going to"}, {"end": "00:01:29", "start": "00:01:24", "text": "happen in the market. We can only react."}, {"end": "00:01:30", "start": "00:01:26", "text": "And if we see that trend is bullish,"}, {"end": "00:01:33", "start": "00:01:29", "text": "we're bullish. If we see that trend is"}, {"end": "00:01:36", "start": "00:01:30", "text": "bearish, we're bearish. That's the best"}, {"end": "00:01:38", "start": "00:01:33", "text": "most important way we can think that we"}, {"end": "00:01:40", "start": "00:01:36", "text": "have a trend and we follow it. That's"}, {"end": "00:01:42", "start": "00:01:38", "text": "it. That's it. That's it. Meanwhile, you"}, {"end": "00:01:43", "start": "00:01:40", "text": "have all kinds of altcoins not doing"}, {"end": "00:01:47", "start": "00:01:42", "text": "that well. Solana, for example, down a"}, {"end": "00:01:50", "start": "00:01:43", "text": "bit. Uh currently at 115, still up 20%"}, {"end": "00:01:52", "start": "00:01:47", "text": "since the bull flip. But still people"}, {"end": "00:01:55", "start": "00:01:50", "text": "worried, people are concerned. what's"}, {"end": "00:01:58", "start": "00:01:52", "text": "going to happen. You have ENA also in a"}, {"end": "00:02:03", "start": "00:01:55", "text": "big fat bull trend up 36% since the bull"}, {"end": "00:02:04", "start": "00:01:58", "text": "flip. Currently down from 0.3 almost to"}, {"end": "00:02:06", "start": "00:02:03", "text": "0.2. Obviously, people are worried"}, {"end": "00:02:08", "start": "00:02:04", "text": "what's going to happen, what's going to"}, {"end": "00:02:10", "start": "00:02:06", "text": "happen. But if you zoom out, if you look"}, {"end": "00:02:13", "start": "00:02:08", "text": "on the charts, you see that it is"}, {"end": "00:02:14", "start": "00:02:10", "text": "normal, fantastic, fantastic volatility."}, {"end": "00:02:16", "start": "00:02:13", "text": "And in a bull market, you have"}, {"end": "00:02:17", "start": "00:02:14", "text": "volatility. In a bull market, you have a"}, {"end": "00:02:19", "start": "00:02:16", "text": "lot of volatility. I mean, sometimes"}, {"end": "00:02:21", "start": "00:02:17", "text": "there is more volatility than than you"}, {"end": "00:02:23", "start": "00:02:19", "text": "can imagine. That's why bull markets"}, {"end": "00:02:26", "start": "00:02:21", "text": "without a strategy, they're not easy."}, {"end": "00:02:28", "start": "00:02:23", "text": "You understand? They're not easy. Uh no"}, {"end": "00:02:30", "start": "00:02:26", "text": "one can really go through a bull market"}, {"end": "00:02:32", "start": "00:02:28", "text": "and just relax and sit on the beach and"}, {"end": "00:02:34", "start": "00:02:30", "text": "drink pina colada. Okay? It's"}, {"end": "00:02:36", "start": "00:02:32", "text": "impossible. It's impossible. If you"}, {"end": "00:02:38", "start": "00:02:34", "text": "don't have a system, you're going to be"}, {"end": "00:02:40", "start": "00:02:36", "text": "shaken out before you can blink before"}, {"end": "00:02:42", "start": "00:02:38", "text": "you can even blink. So that's very"}, {"end": "00:02:44", "start": "00:02:40", "text": "important that even when you're bullish,"}, {"end": "00:02:47", "start": "00:02:42", "text": "even when the market is bullish, let me"}, {"end": "00:02:49", "start": "00:02:44", "text": "see. I have something. You saw it. Even"}, {"end": "00:02:51", "start": "00:02:47", "text": "when the market is bullish, uh you"}, {"end": "00:02:53", "start": "00:02:49", "text": "cannot be complacent. Never be"}, {"end": "00:02:56", "start": "00:02:51", "text": "complacent in bull market. Guys, you see"}, {"end": "00:02:59", "start": "00:02:53", "text": "this? What is this?"}, {"end": "00:03:01", "start": "00:02:56", "text": "We need hair mania. There, there is go."}, {"end": "00:03:02", "start": "00:02:59", "text": "So, by the way, welcome everyone who's"}, {"end": "00:03:03", "start": "00:03:01", "text": "watching live. We're going to keep"}, {"end": "00:03:05", "start": "00:03:02", "text": "discussing because there is a big topic"}, {"end": "00:03:06", "start": "00:03:03", "text": "we have to discuss. It's quantum guys."}, {"end": "00:03:08", "start": "00:03:05", "text": "Quantum, quantum, quantum. Everyone's"}, {"end": "00:03:12", "start": "00:03:06", "text": "talking about quantum. Europal wars"}, {"end": "00:03:14", "start": "00:03:08", "text": "quantum computing. There is this Jason"}, {"end": "00:03:16", "start": "00:03:12", "text": "Drake the one of the ETH foundation"}, {"end": "00:03:18", "start": "00:03:14", "text": "researchers that came out and said that"}, {"end": "00:03:19", "start": "00:03:16", "text": "hey quantum it's happening it's"}, {"end": "00:03:22", "start": "00:03:18", "text": "happening. We're going to discussing"}, {"end": "00:03:24", "start": "00:03:19", "text": "that before that everyone welcome"}, {"end": "00:03:26", "start": "00:03:22", "text": "welcome welcome to the live stream. How"}, {"end": "00:03:30", "start": "00:03:24", "text": "are you doing? Smash up the like if you"}, {"end": "00:03:32", "start": "00:03:26", "text": "haven't yet. Big shout out to Guzma who"}, {"end": "00:03:34", "start": "00:03:30", "text": "is timestamping us today. Fantastic to"}, {"end": "00:03:36", "start": "00:03:32", "text": "see all of you in the chart. Also by the"}, {"end": "00:03:38", "start": "00:03:34", "text": "way guys we have a new thing. Bam."}, {"end": "00:03:42", "start": "00:03:36", "text": "Disclaimer, [laughter]"}, {"end": "00:03:46", "start": "00:03:38", "text": "not financial advice. Not financial"}, {"end": "00:03:49", "start": "00:03:42", "text": "advice. This is only for people with big"}, {"end": "00:03:52", "start": "00:03:46", "text": "boy pants. If everything goes to zero,"}, {"end": "00:03:54", "start": "00:03:49", "text": "don't blame me. It is your fault. You"}, {"end": "00:03:57", "start": "00:03:52", "text": "bought the coin. You clicked the button."}, {"end": "00:04:00", "start": "00:03:54", "text": "You wanted to get rich. You clicked the"}, {"end": "00:04:03", "start": "00:03:57", "text": "but you you wanted to to do something. I"}, {"end": "00:04:06", "start": "00:04:00", "text": "am just here entertaining you guys. I'm"}, {"end": "00:04:08", "start": "00:04:03", "text": "just a dude on YouTube entertaining you."}, {"end": "00:04:11", "start": "00:04:06", "text": "Sometimes it's funny, sometimes it's"}, {"end": "00:04:11", "start": "00:04:08", "text": "very funny. [laughter]"}, {"end": "00:04:18", "start": "00:04:12", "text": "Fantastic. It's fantastic. So, uh let's"}, {"end": "00:04:20", "start": "00:04:15", "text": "move on to uh Quantum. Uh and by the"}, {"end": "00:04:21", "start": "00:04:18", "text": "way, another important thing, join the"}, {"end": "00:04:24", "start": "00:04:20", "text": "freaking newsletter in the description"}, {"end": "00:04:26", "start": "00:04:21", "text": "below. Bullmania currently is closed. No"}, {"end": "00:04:28", "start": "00:04:24", "text": "way to join Bulmania right now. But if"}, {"end": "00:04:30", "start": "00:04:26", "text": "you go here, you have a fantastic"}, {"end": "00:04:31", "start": "00:04:28", "text": "fantastic newsletter you can join right"}, {"end": "00:04:33", "start": "00:04:30", "text": "here so that you are updated in real"}, {"end": "00:04:36", "start": "00:04:31", "text": "time when the market moves. If it goes"}, {"end": "00:04:38", "start": "00:04:33", "text": "to zero, I will try to keep you updated"}, {"end": "00:04:40", "start": "00:04:36", "text": "in the newsletter also. Important"}, {"end": "00:04:42", "start": "00:04:38", "text": "important. So uh let's let's go to"}, {"end": "00:04:45", "start": "00:04:40", "text": "quantum because people are concerned"}, {"end": "00:04:47", "start": "00:04:42", "text": "will quantum take us to zero can quantum"}, {"end": "00:04:49", "start": "00:04:45", "text": "take us to zero because Europole came"}, {"end": "00:04:51", "start": "00:04:47", "text": "out and said that quantum computing"}, {"end": "00:04:53", "start": "00:04:49", "text": "could expose crypto wallet private keys"}, {"end": "00:04:55", "start": "00:04:51", "text": "urging a shift to quantum resistance"}, {"end": "00:04:57", "start": "00:04:53", "text": "security. Isn't it funny guys? Isn't it"}, {"end": "00:04:59", "start": "00:04:55", "text": "funny? Because we've been speaking about"}, {"end": "00:05:00", "start": "00:04:57", "text": "quantum for the longest time. People"}, {"end": "00:05:03", "start": "00:04:59", "text": "were ridiculing me. They were saying"}, {"end": "00:05:05", "start": "00:05:00", "text": "that it's fad because Adam back saying"}, {"end": "00:05:06", "start": "00:05:03", "text": "that it's not important. We've been"}, {"end": "00:05:08", "start": "00:05:05", "text": "saying all the time, quantum, quantum,"}, {"end": "00:05:10", "start": "00:05:06", "text": "quantum, quantum, quantum. Always"}, {"end": "00:05:12", "start": "00:05:08", "text": "quantum. Always quantum. Be ready. Be"}, {"end": "00:05:16", "start": "00:05:10", "text": "prepared. Move, move, move, move. Adam"}, {"end": "00:05:18", "start": "00:05:12", "text": "back and other so-called Satoshi were"}, {"end": "00:05:20", "start": "00:05:16", "text": "saying, \"No, it's not important. Not"}, {"end": "00:05:21", "start": "00:05:18", "text": "important.\" Listen, it is important. I'm"}, {"end": "00:05:23", "start": "00:05:20", "text": "tell I I I've been telling you that as"}, {"end": "00:05:24", "start": "00:05:21", "text": "who? as a computer scientist. As a"}, {"end": "00:05:27", "start": "00:05:23", "text": "computer scientist, I've been telling"}, {"end": "00:05:29", "start": "00:05:24", "text": "you it already for years and now now"}, {"end": "00:05:31", "start": "00:05:27", "text": "people listen. That's good. At least"}, {"end": "00:05:33", "start": "00:05:29", "text": "Europole listens. So they're saying it's"}, {"end": "00:05:35", "start": "00:05:31", "text": "time to migrate. And what's interesting"}, {"end": "00:05:38", "start": "00:05:33", "text": "is that there's a bit of a discussion"}, {"end": "00:05:40", "start": "00:05:35", "text": "why with all of the AI advancements in"}, {"end": "00:05:42", "start": "00:05:38", "text": "math because many many mathematical"}, {"end": "00:05:46", "start": "00:05:40", "text": "things have been uh solved during the"}, {"end": "00:05:49", "start": "00:05:42", "text": "last months guys. A lot a lot uh things"}, {"end": "00:05:53", "start": "00:05:46", "text": "that before weren't possible now it is"}, {"end": "00:05:56", "start": "00:05:49", "text": "possible. So uh people are wondering a"}, {"end": "00:05:59", "start": "00:05:53", "text": "bit why is it so that out of all of"}, {"end": "00:06:02", "start": "00:05:56", "text": "these breakthroughs nothing is about"}, {"end": "00:06:05", "start": "00:05:59", "text": "crypto. Okay, how is it so? Because"}, {"end": "00:06:07", "start": "00:06:02", "text": "normally if you have mathematical"}, {"end": "00:06:09", "start": "00:06:05", "text": "breakthroughs crypto will in one way or"}, {"end": "00:06:11", "start": "00:06:07", "text": "another be affected. I mean at least"}, {"end": "00:06:12", "start": "00:06:09", "text": "something has to be around crypto. But"}, {"end": "00:06:15", "start": "00:06:11", "text": "there has been very little. There has"}, {"end": "00:06:17", "start": "00:06:12", "text": "there has been general concern that"}, {"end": "00:06:20", "start": "00:06:15", "text": "quantum is coming. But in terms of AI"}, {"end": "00:06:23", "start": "00:06:17", "text": "coming for crypto solutions hasn't been"}, {"end": "00:06:26", "start": "00:06:20", "text": "too much. And this is an interesting"}, {"end": "00:06:28", "start": "00:06:23", "text": "interesting take from this Arthur guy. A"}, {"end": "00:06:31", "start": "00:06:26", "text": "tell from the Manhattan project was that"}, {"end": "00:06:33", "start": "00:06:28", "text": "scientists who had been publishing about"}, {"end": "00:06:36", "start": "00:06:31", "text": "nuclear fishision suddenly stopped"}, {"end": "00:06:38", "start": "00:06:33", "text": "publishing when they did the the little"}, {"end": "00:06:41", "start": "00:06:36", "text": "thing here. The was called the fat boy."}, {"end": "00:06:44", "start": "00:06:38", "text": "The little man was called big boy big"}, {"end": "00:06:46", "start": "00:06:41", "text": "boy pants when they did the Manhattan"}, {"end": "00:06:49", "start": "00:06:44", "text": "project. Suddenly everyone stopped"}, {"end": "00:06:51", "start": "00:06:46", "text": "publishing research about nuclear. As"}, {"end": "00:06:53", "start": "00:06:49", "text": "Justin points out here, the lack of"}, {"end": "00:06:56", "start": "00:06:51", "text": "cryptographic results in OpenAI's"}, {"end": "00:07:00", "start": "00:06:53", "text": "mathematical breakthrough could itself"}, {"end": "00:07:01", "start": "00:06:56", "text": "be a tell. H evidence against it would"}, {"end": "00:07:04", "start": "00:07:00", "text": "be if they published a few improvements"}, {"end": "00:07:06", "start": "00:07:01", "text": "that aren't massive breakthrough. So the"}, {"end": "00:07:08", "start": "00:07:04", "text": "big thing was that Justin Drake and this"}, {"end": "00:07:10", "start": "00:07:06", "text": "this is a big guy. This is not a minor"}, {"end": "00:07:12", "start": "00:07:08", "text": "guy. It's a big big guy. Previously he"}, {"end": "00:07:14", "start": "00:07:10", "text": "worked as one of the key ETH developers."}, {"end": "00:07:15", "start": "00:07:12", "text": "He worked for Vitalic in Ethereum"}, {"end": "00:07:18", "start": "00:07:14", "text": "Foundation. Basically one of the key"}, {"end": "00:07:22", "start": "00:07:15", "text": "technical ETH guys, one of the brainiacs"}, {"end": "00:07:26", "start": "00:07:18", "text": "behind ETH. So he's saying today today I"}, {"end": "00:07:29", "start": "00:07:22", "text": "call upon the blockchain industry to"}, {"end": "00:07:31", "start": "00:07:26", "text": "calmly begin planning for bunker mode."}, {"end": "00:07:34", "start": "00:07:29", "text": "My personal recommendation is to set in"}, {"end": "00:07:37", "start": "00:07:31", "text": "motion a controlled mass migration of"}, {"end": "00:07:39", "start": "00:07:34", "text": "assets to fresh addresses i.e. addresses"}, {"end": "00:07:41", "start": "00:07:37", "text": "whose public keys remain hidden behind"}, {"end": "00:07:43", "start": "00:07:39", "text": "the hash. So when you create a new"}, {"end": "00:07:45", "start": "00:07:41", "text": "address in Bitcoin, for example, in your"}, {"end": "00:07:47", "start": "00:07:43", "text": "wallet and you put your coins there and"}, {"end": "00:07:49", "start": "00:07:45", "text": "you never move them, you are more or"}, {"end": "00:07:52", "start": "00:07:47", "text": "less safe from the quantum thread"}, {"end": "00:07:56", "start": "00:07:49", "text": "because your public key is not revealed."}, {"end": "00:07:59", "start": "00:07:52", "text": "Quantum uh allows a computer to go from"}, {"end": "00:08:00", "start": "00:07:56", "text": "a public key to a private key and"}, {"end": "00:08:02", "start": "00:07:59", "text": "private key can allow you to spend those"}, {"end": "00:08:04", "start": "00:08:00", "text": "coins. Currently with normal computers"}, {"end": "00:08:06", "start": "00:08:02", "text": "it's impossible to go from public key to"}, {"end": "00:08:08", "start": "00:08:04", "text": "private key. But with quantum it will be"}, {"end": "00:08:10", "start": "00:08:06", "text": "possible. However, a bitcoin address is"}, {"end": "00:08:14", "start": "00:08:08", "text": "not a public key. It is a hash of a"}, {"end": "00:08:18", "start": "00:08:10", "text": "public key. So if you just have your"}, {"end": "00:08:21", "start": "00:08:14", "text": "money in a address that never has has"}, {"end": "00:08:22", "start": "00:08:18", "text": "been used for spending then the public"}, {"end": "00:08:24", "start": "00:08:21", "text": "key is hidden. As soon as you spend"}, {"end": "00:08:26", "start": "00:08:22", "text": "money from the address your public key"}, {"end": "00:08:29", "start": "00:08:24", "text": "is also revealed. So if you have money"}, {"end": "00:08:32", "start": "00:08:26", "text": "in a address in an address where you've"}, {"end": "00:08:37", "start": "00:08:29", "text": "never spent from it's just receiving you"}, {"end": "00:08:39", "start": "00:08:32", "text": "are um fully okay otherwise otherwise uh"}, {"end": "00:08:41", "start": "00:08:37", "text": "you you you need to be careful. You need"}, {"end": "00:08:43", "start": "00:08:39", "text": "to be careful and this is mainly"}, {"end": "00:08:47", "start": "00:08:41", "text": "important for exchanges. It's important"}, {"end": "00:08:49", "start": "00:08:43", "text": "for custodians. Uh if you have 0.2 to"}, {"end": "00:08:51", "start": "00:08:47", "text": "Bitcoin. Uh listen, they likely they're"}, {"end": "00:08:55", "start": "00:08:49", "text": "not going to come for you first because"}, {"end": "00:08:57", "start": "00:08:51", "text": "uh if someone has this technology,"}, {"end": "00:08:59", "start": "00:08:55", "text": "uh they need to be careful with who they"}, {"end": "00:09:01", "start": "00:08:57", "text": "choose to go after because as soon as"}, {"end": "00:09:03", "start": "00:08:59", "text": "they attack someone, everyone's going to"}, {"end": "00:09:06", "start": "00:09:01", "text": "panic and move into this unspent"}, {"end": "00:09:09", "start": "00:09:03", "text": "addresses. Very important. So holders"}, {"end": "00:09:12", "start": "00:09:06", "text": "starting with large and sophisticated"}, {"end": "00:09:14", "start": "00:09:09", "text": "ones should consider moving the bulk of"}, {"end": "00:09:17", "start": "00:09:12", "text": "their funds to addresses that have never"}, {"end": "00:09:18", "start": "00:09:14", "text": "signed a transaction. And when they do"}, {"end": "00:09:20", "start": "00:09:17", "text": "sign one, they should also move"}, {"end": "00:09:22", "start": "00:09:18", "text": "remaining funds to a new address,"}, {"end": "00:09:23", "start": "00:09:20", "text": "possibly generate from the same cities."}, {"end": "00:09:26", "start": "00:09:22", "text": "Don't rush. This is another important"}, {"end": "00:09:28", "start": "00:09:23", "text": "thing. People will rush. You're going to"}, {"end": "00:09:30", "start": "00:09:26", "text": "lock yourself out of your private key"}, {"end": "00:09:33", "start": "00:09:28", "text": "yourself. Okay? [laughter] We're going"}, {"end": "00:09:35", "start": "00:09:30", "text": "to do something else dumb or or you may"}, {"end": "00:09:37", "start": "00:09:33", "text": "get scammed. This is another important"}, {"end": "00:09:40", "start": "00:09:35", "text": "thing. If you receive an email, let's"}, {"end": "00:09:42", "start": "00:09:37", "text": "say from your ledger from um treasure"}, {"end": "00:09:44", "start": "00:09:40", "text": "and they say urgent migration, you know,"}, {"end": "00:09:45", "start": "00:09:42", "text": "you need to urgently migrate. Click the"}, {"end": "00:09:46", "start": "00:09:44", "text": "button here. Enter your seed phrase."}, {"end": "00:09:49", "start": "00:09:45", "text": "Never enter your seed phrase anywhere,"}, {"end": "00:09:52", "start": "00:09:46", "text": "guys. Never. Be extremely careful. Like"}, {"end": "00:09:53", "start": "00:09:49", "text": "this is fantastic opportunity for the"}, {"end": "00:09:55", "start": "00:09:52", "text": "scammers. So, you need to be vigilant."}, {"end": "00:09:57", "start": "00:09:53", "text": "You have to be super v vigilant. The"}, {"end": "00:10:00", "start": "00:09:55", "text": "scammers are coming for you. You're"}, {"end": "00:10:02", "start": "00:09:57", "text": "going to receive a million emails urging"}, {"end": "00:10:05", "start": "00:10:00", "text": "you to migrate your coins. Uh, and you"}, {"end": "00:10:07", "start": "00:10:02", "text": "have to be super careful, super super in"}, {"end": "00:10:09", "start": "00:10:05", "text": "no circumstance should you enter your"}, {"end": "00:10:11", "start": "00:10:07", "text": "seed seed phrase or private key"}, {"end": "00:10:14", "start": "00:10:09", "text": "anywhere. No one serious will ask for"}, {"end": "00:10:16", "start": "00:10:11", "text": "that. And you have to be super super"}, {"end": "00:10:19", "start": "00:10:14", "text": "careful. Don't rush. Never rush because"}, {"end": "00:10:20", "start": "00:10:16", "text": "likely if let's say the US or China has"}, {"end": "00:10:23", "start": "00:10:19", "text": "a quantum computer, they're not coming"}, {"end": "00:10:24", "start": "00:10:20", "text": "for you. Okay? [laughter]"}, {"end": "00:10:25", "start": "00:10:23", "text": "Sorry to say, they're not going to come"}, {"end": "00:10:28", "start": "00:10:24", "text": "for you. They're likely going to come"}, {"end": "00:10:30", "start": "00:10:25", "text": "for the big exchanges first. And then"}, {"end": "00:10:33", "start": "00:10:28", "text": "there is the so-called Satoshi shield."}, {"end": "00:10:36", "start": "00:10:30", "text": "The Satoshi shield is basically all of"}, {"end": "00:10:40", "start": "00:10:33", "text": "the uh thousands of addresses that"}, {"end": "00:10:43", "start": "00:10:36", "text": "belong to Satoshi himself where he has"}, {"end": "00:10:47", "start": "00:10:40", "text": "50 BTC and all of these addresses are OG"}, {"end": "00:10:49", "start": "00:10:43", "text": "addresses, old addresses that have their"}, {"end": "00:10:51", "start": "00:10:47", "text": "public key revealed. So in the early"}, {"end": "00:10:54", "start": "00:10:49", "text": "days of Bitcoin, public key was always"}, {"end": "00:10:56", "start": "00:10:51", "text": "revealed. So all of the old addresses"}, {"end": "00:10:58", "start": "00:10:54", "text": "such as Satoshi addresses, they are"}, {"end": "00:11:00", "start": "00:10:56", "text": "vulnerable by default even if they never"}, {"end": "00:11:02", "start": "00:10:58", "text": "spent even if they never were used. And"}, {"end": "00:11:04", "start": "00:11:00", "text": "then a few years after the launch of"}, {"end": "00:11:06", "start": "00:11:02", "text": "Bitcoin, they migrated, the developers"}, {"end": "00:11:08", "start": "00:11:04", "text": "migrated so that each address is not a"}, {"end": "00:11:11", "start": "00:11:06", "text": "public key, but a hash of it. So it's"}, {"end": "00:11:13", "start": "00:11:08", "text": "more secure. But so the Satoshi shield"}, {"end": "00:11:16", "start": "00:11:11", "text": "is the fact that Satoshi has created"}, {"end": "00:11:18", "start": "00:11:13", "text": "thousands of addresses holding 50"}, {"end": "00:11:21", "start": "00:11:16", "text": "Bitcoin each from the early days when he"}, {"end": "00:11:25", "start": "00:11:18", "text": "mined Bitcoin. And um this means this"}, {"end": "00:11:27", "start": "00:11:21", "text": "means that if you have less than 50 BTC"}, {"end": "00:11:28", "start": "00:11:25", "text": "in your address, you're unlikely to be"}, {"end": "00:11:30", "start": "00:11:27", "text": "targeted because there are so many"}, {"end": "00:11:32", "start": "00:11:28", "text": "Satoshi addresses. So that that's what"}, {"end": "00:11:35", "start": "00:11:30", "text": "the Satoshi shield is in case you hear"}, {"end": "00:11:37", "start": "00:11:32", "text": "about it. So don't panic either. Moving"}, {"end": "00:11:40", "start": "00:11:35", "text": "assets to protected addresses is a"}, {"end": "00:11:41", "start": "00:11:37", "text": "simple preventative step which does not"}, {"end": "00:11:43", "start": "00:11:40", "text": "require new cryptography on new wallets."}, {"end": "00:11:44", "start": "00:11:41", "text": "In my opinion, it's not reasonable to"}, {"end": "00:11:47", "start": "00:11:43", "text": "break through for the possibility that"}, {"end": "00:11:51", "start": "00:11:44", "text": "the elliptic curve cryptography ECDSA."}, {"end": "00:11:54", "start": "00:11:47", "text": "This is elliptic curve cryptography"}, {"end": "00:11:58", "start": "00:11:51", "text": "breaks before Qday in the worst case in"}, {"end": "00:12:03", "start": "00:11:54", "text": "months not years. Okay, very important."}, {"end": "00:12:05", "start": "00:11:58", "text": "In months, not years. Is it fad? Is it"}, {"end": "00:12:07", "start": "00:12:03", "text": "not fad? Listen, I don't know. It's I'm"}, {"end": "00:12:10", "start": "00:12:05", "text": "not a quantum researcher. Who the hell"}, {"end": "00:12:13", "start": "00:12:07", "text": "knows? Uh, no one knows. No one knows."}, {"end": "00:12:15", "start": "00:12:10", "text": "But what is the risk? What is the cost"}, {"end": "00:12:17", "start": "00:12:13", "text": "like the effort to move coins to address"}, {"end": "00:12:19", "start": "00:12:15", "text": "that has never been used? It literally"}, {"end": "00:12:22", "start": "00:12:17", "text": "takes three minutes. What is the upside?"}, {"end": "00:12:24", "start": "00:12:19", "text": "The upside is that you are protected."}, {"end": "00:12:28", "start": "00:12:22", "text": "And again for you if you have less than"}, {"end": "00:12:30", "start": "00:12:24", "text": "50 BTC most people don't have 50 BTC"}, {"end": "00:12:31", "start": "00:12:28", "text": "uh you are at low risk anyway but uh I"}, {"end": "00:12:34", "start": "00:12:30", "text": "mean at some point you you should move"}, {"end": "00:12:37", "start": "00:12:31", "text": "anyway. Um so"}, {"end": "00:12:40", "start": "00:12:34", "text": "the effort for most people is quite low"}, {"end": "00:12:43", "start": "00:12:37", "text": "to to move for exchanges could be big"}, {"end": "00:12:45", "start": "00:12:40", "text": "but most of them I think already are set"}, {"end": "00:12:46", "start": "00:12:43", "text": "up in this way where they don't reuse"}, {"end": "00:12:48", "start": "00:12:45", "text": "address although who knows but for"}, {"end": "00:12:51", "start": "00:12:46", "text": "exchanges this is a process it's a big"}, {"end": "00:12:54", "start": "00:12:48", "text": "process to move their wallet infra to a"}, {"end": "00:12:56", "start": "00:12:51", "text": "new way of operation massive massive"}, {"end": "00:12:58", "start": "00:12:54", "text": "process so uh yeah that's something to"}, {"end": "00:13:00", "start": "00:12:56", "text": "keep in mind recent days have been"}, {"end": "00:13:04", "start": "00:12:58", "text": "humbling for human mathematical"}, {"end": "00:13:08", "start": "00:13:00", "text": "intuition longheld unquestioned"}, {"end": "00:13:10", "start": "00:13:04", "text": "hypothesis have fallen. This includes"}, {"end": "00:13:13", "start": "00:13:08", "text": "the n login biome for integeration. All"}, {"end": "00:13:16", "start": "00:13:10", "text": "the math whizzes in the chat can explain"}, {"end": "00:13:18", "start": "00:13:13", "text": "it to us. In hindsight m unexpected"}, {"end": "00:13:20", "start": "00:13:16", "text": "disprove of erdos unit distance"}, {"end": "00:13:22", "start": "00:13:18", "text": "conjecture was our warning. Like guys"}, {"end": "00:13:23", "start": "00:13:20", "text": "this is a big brain stuff for for this"}, {"end": "00:13:26", "start": "00:13:22", "text": "kind of stuff to even understand the"}, {"end": "00:13:28", "start": "00:13:23", "text": "question you need like five uh master's"}, {"end": "00:13:30", "start": "00:13:26", "text": "degree. Okay. [laughter]"}, {"end": "00:13:32", "start": "00:13:28", "text": "Okay. So if we have such people in the"}, {"end": "00:13:35", "start": "00:13:30", "text": "comment section that'd be amazing."}, {"end": "00:13:37", "start": "00:13:32", "text": "That'd be amazing. Yesterday's open AI"}, {"end": "00:13:39", "start": "00:13:35", "text": "drop made it clear that mathematical"}, {"end": "00:13:42", "start": "00:13:37", "text": "super intelligence is upon us. They they"}, {"end": "00:13:44", "start": "00:13:39", "text": "say there are weeks where decades"}, {"end": "00:13:46", "start": "00:13:42", "text": "happen. We are about to live through"}, {"end": "00:13:48", "start": "00:13:44", "text": "weeks where centuries of mathematical"}, {"end": "00:13:50", "start": "00:13:46", "text": "progress happen. Yeah. I always wonder"}, {"end": "00:13:52", "start": "00:13:48", "text": "by the way in math why is always a few"}, {"end": "00:13:56", "start": "00:13:50", "text": "guys you know it's Newton"}, {"end": "00:14:00", "start": "00:13:52", "text": "it's uh like you know dickstra guy who"}, {"end": "00:14:04", "start": "00:13:56", "text": "who else who else fant what is it fair"}, {"end": "00:14:06", "start": "00:14:00", "text": "no something with this f guy uh who else"}, {"end": "00:14:08", "start": "00:14:04", "text": "who else yeah yeah you can list them in"}, {"end": "00:14:10", "start": "00:14:06", "text": "the chat guys but it's oiler of course"}, {"end": "00:14:13", "start": "00:14:08", "text": "oiler oiler oiler oiler yeah yeah the"}, {"end": "00:14:16", "start": "00:14:10", "text": "oiler guy isn't it interesting that all"}, {"end": "00:14:18", "start": "00:14:13", "text": "of them are kind of clustered there like"}, {"end": "00:14:19", "start": "00:14:16", "text": "200 years ago Okay. Fermat. Fermat."}, {"end": "00:14:23", "start": "00:14:18", "text": "Exactly. Fermat. Fermat. Fermat. That's"}, {"end": "00:14:23", "start": "00:14:19", "text": "the one. That's the one."}, {"end": "00:14:29", "start": "00:14:23", "text": "U. So, and now AI can do a lot more. A"}, {"end": "00:14:35", "start": "00:14:27", "text": "lot more. So,"}, {"end": "00:14:39", "start": "00:14:29", "text": "there you go. Could our magic 64 byte"}, {"end": "00:14:41", "start": "00:14:35", "text": "ECDSA signatures be too good to be true?"}, {"end": "00:14:43", "start": "00:14:39", "text": "Was it just security through obscurity"}, {"end": "00:14:44", "start": "00:14:41", "text": "all this time?"}, {"end": "00:14:46", "start": "00:14:43", "text": "Yeah. And by the way, isn't it"}, {"end": "00:14:49", "start": "00:14:44", "text": "interesting here also? He's not even"}, {"end": "00:14:51", "start": "00:14:46", "text": "speaking about quantum."}, {"end": "00:14:54", "start": "00:14:49", "text": "Okay,"}, {"end": "00:14:56", "start": "00:14:51", "text": "actually now that that I read this, I"}, {"end": "00:14:59", "start": "00:14:54", "text": "realize something. He's not even"}, {"end": "00:14:59", "start": "00:14:56", "text": "speaking about quantum."}, {"end": "00:15:04", "start": "00:15:00", "text": "Wait, wait, wait, wait, wait, wait,"}, {"end": "00:15:05", "start": "00:15:02", "text": "wait. You see, because he said something"}, {"end": "00:15:09", "start": "00:15:04", "text": "here. One second, guys. One second,"}, {"end": "00:15:11", "start": "00:15:05", "text": "guys. He said here at the top that this"}, {"end": "00:15:14", "start": "00:15:09", "text": "is going to happen before Qday. Qday is"}, {"end": "00:15:16", "start": "00:15:11", "text": "when quantum goes nuts."}, {"end": "00:15:17", "start": "00:15:14", "text": "Uh"}, {"end": "00:15:19", "start": "00:15:16", "text": "ah that that's an interesting thing by"}, {"end": "00:15:23", "start": "00:15:17", "text": "the way"}, {"end": "00:15:25", "start": "00:15:19", "text": "Q day. Where's Q day? Q"}, {"end": "00:15:26", "start": "00:15:23", "text": "day. Anyway you you remember he says we"}, {"end": "00:15:28", "start": "00:15:25", "text": "just read he says something about it's"}, {"end": "00:15:31", "start": "00:15:26", "text": "going to be before Q because actually"}, {"end": "00:15:35", "start": "00:15:28", "text": "here here he speaks about all of this"}, {"end": "00:15:39", "start": "00:15:31", "text": "with like normal math advances. Not that"}, {"end": "00:15:42", "start": "00:15:35", "text": "you need some kind of quantum for it."}, {"end": "00:15:45", "start": "00:15:39", "text": "That's interesting. Just AI basically"}, {"end": "00:15:46", "start": "00:15:42", "text": "coming after cryptography without"}, {"end": "00:15:48", "start": "00:15:45", "text": "quantum."}, {"end": "00:15:49", "start": "00:15:46", "text": "Huh."}, {"end": "00:15:52", "start": "00:15:48", "text": "That's very interesting. That's very"}, {"end": "00:15:54", "start": "00:15:49", "text": "interesting. Uh,"}, {"end": "00:15:55", "start": "00:15:52", "text": "by the way, I I see donation, but let's"}, {"end": "00:15:57", "start": "00:15:54", "text": "do it in the Q&A, guys. All donations"}, {"end": "00:15:59", "start": "00:15:55", "text": "Q&A. I don't want to interrupt my"}, {"end": "00:16:02", "start": "00:15:57", "text": "fantastic monologue. The monologue is so"}, {"end": "00:16:05", "start": "00:15:59", "text": "great."}, {"end": "00:16:06", "start": "00:16:02", "text": "Only coffee can interrupt it. We don't"}, {"end": "00:16:08", "start": "00:16:05", "text": "interrupt the monologue. Only to say"}, {"end": "00:16:10", "start": "00:16:06", "text": "thank you to Guzman and to tell you to"}, {"end": "00:16:13", "start": "00:16:08", "text": "subscribe to Bou newsletter. Then I then"}, {"end": "00:16:16", "start": "00:16:10", "text": "we can interrupt otherwise monologue."}, {"end": "00:16:19", "start": "00:16:13", "text": "We're quiet. We pay respect"}, {"end": "00:16:22", "start": "00:16:16", "text": "and uh oh yo crypto factor I see you. I"}, {"end": "00:16:27", "start": "00:16:19", "text": "see you. It was you. Very very good."}, {"end": "00:16:31", "start": "00:16:22", "text": "Okay guys back back to class. So"}, {"end": "00:16:32", "start": "00:16:27", "text": "uh this is even without quantum."}, {"end": "00:16:34", "start": "00:16:31", "text": "That's interesting. That's interesting."}, {"end": "00:16:36", "start": "00:16:32", "text": "And basically saying that even without"}, {"end": "00:16:39", "start": "00:16:34", "text": "quantum,"}, {"end": "00:16:41", "start": "00:16:36", "text": "even without quantum"}, {"end": "00:16:43", "start": "00:16:39", "text": "security through obscurity means that"}, {"end": "00:16:44", "start": "00:16:41", "text": "you don't actually have a bulletproof"}, {"end": "00:16:46", "start": "00:16:43", "text": "security. You just have like a smart"}, {"end": "00:16:49", "start": "00:16:44", "text": "scheme that people just haven't figured"}, {"end": "00:16:52", "start": "00:16:46", "text": "out. And cryptography normally has been"}, {"end": "00:16:54", "start": "00:16:49", "text": "counted as real security like it's"}, {"end": "00:16:57", "start": "00:16:52", "text": "mathematically physically impossible to"}, {"end": "00:16:59", "start": "00:16:54", "text": "break. But if AI can break it, then even"}, {"end": "00:17:01", "start": "00:16:57", "text": "cryptography security through obscurity."}, {"end": "00:17:03", "start": "00:16:59", "text": "If there is like a mathematical way"}, {"end": "00:17:06", "start": "00:17:01", "text": "without quantum so that it's physically"}, {"end": "00:17:08", "start": "00:17:03", "text": "and practically possible to break then"}, {"end": "00:17:09", "start": "00:17:06", "text": "it is secured through through obscurity."}, {"end": "00:17:13", "start": "00:17:08", "text": "It's just that we haven't figured out"}, {"end": "00:17:16", "start": "00:17:09", "text": "the the puzzle how to break it. So okay,"}, {"end": "00:17:18", "start": "00:17:13", "text": "elliptic curves feel especially"}, {"end": "00:17:21", "start": "00:17:16", "text": "vulnerable to super intelligence. Curves"}, {"end": "00:17:23", "start": "00:17:18", "text": "carry rich structure with room for fancy"}, {"end": "00:17:25", "start": "00:17:21", "text": "tricks."}, {"end": "00:17:27", "start": "00:17:23", "text": "Don't worry about this. This is for the"}, {"end": "00:17:30", "start": "00:17:25", "text": "brain X. uh but basically it's"}, {"end": "00:17:32", "start": "00:17:27", "text": "interesting to read it. Let's see. Also"}, {"end": "00:17:34", "start": "00:17:30", "text": "not uh noteworthy is that is a striking"}, {"end": "00:17:37", "start": "00:17:32", "text": "under representation of cryptographic"}, {"end": "00:17:39", "start": "00:17:34", "text": "breakthroughs among the 700 main"}, {"end": "00:17:41", "start": "00:17:37", "text": "mathematical results openai published."}, {"end": "00:17:43", "start": "00:17:39", "text": "I've witnessed firsthand the US"}, {"end": "00:17:46", "start": "00:17:41", "text": "government censoring academic quantum"}, {"end": "00:17:49", "start": "00:17:43", "text": "crypto uh uh crypto crypto analysis"}, {"end": "00:17:51", "start": "00:17:46", "text": "results. Back room intervention is my ba"}, {"end": "00:17:52", "start": "00:17:49", "text": "base case. He's basically saying,"}, {"end": "00:17:54", "start": "00:17:51", "text": "listen, maybe it's already broken or"}, {"end": "00:17:59", "start": "00:17:52", "text": "very close to [snorts]"}, {"end": "00:18:02", "start": "00:17:54", "text": "uh so don't rush. Don't rush."}, {"end": "00:18:04", "start": "00:17:59", "text": "Um coming back to the quantum you have"}, {"end": "00:18:06", "start": "00:18:02", "text": "or maybe it's connected to quantum. It's"}, {"end": "00:18:08", "start": "00:18:04", "text": "interesting guys, if you are a quantum"}, {"end": "00:18:10", "start": "00:18:06", "text": "um"}, {"end": "00:18:12", "start": "00:18:08", "text": "uh quantum whiz in the comment section,"}, {"end": "00:18:14", "start": "00:18:10", "text": "let us know. But his advice basically"}, {"end": "00:18:17", "start": "00:18:12", "text": "make your coins quantum safe and then"}, {"end": "00:18:20", "start": "00:18:14", "text": "you're also safe from this AI potential"}, {"end": "00:18:22", "start": "00:18:17", "text": "AI breakthrough. Um,"}, {"end": "00:18:25", "start": "00:18:20", "text": "and this man this Bitcoin maxes. Look"}, {"end": "00:18:27", "start": "00:18:22", "text": "here. Bitcoin maxis instantly running."}, {"end": "00:18:29", "start": "00:18:25", "text": "Irresponsible FUD."}, {"end": "00:18:31", "start": "00:18:27", "text": "Irresponsible F. I mean, what you mean?"}, {"end": "00:18:33", "start": "00:18:29", "text": "Freaking Europole said the same thing. I"}, {"end": "00:18:36", "start": "00:18:31", "text": "mean, Europole said the same. What do"}, {"end": "00:18:38", "start": "00:18:33", "text": "you mean irresponsible FUD? Again, what"}, {"end": "00:18:42", "start": "00:18:36", "text": "is the effort to move coins? It's not"}, {"end": "00:18:43", "start": "00:18:38", "text": "hard to move coins to just new address"}, {"end": "00:18:44", "start": "00:18:42", "text": "that has no it's it's not hard for"}, {"end": "00:18:46", "start": "00:18:43", "text": "exchanges. It's hard. Yeah. But they"}, {"end": "00:18:48", "start": "00:18:44", "text": "they will have their own tech road map"}, {"end": "00:18:51", "start": "00:18:46", "text": "how to do it. And if you write a tweet,"}, {"end": "00:18:54", "start": "00:18:48", "text": "it's not like CZ is just gonna, you"}, {"end": "00:18:56", "start": "00:18:51", "text": "know, vibe code new wallet and mess it"}, {"end": "00:18:58", "start": "00:18:54", "text": "up. So why you call it a responsible"}, {"end": "00:19:01", "start": "00:18:56", "text": "fan? For the average Joe, it's easy to"}, {"end": "00:19:03", "start": "00:18:58", "text": "move. So effort is small, upside is big"}, {"end": "00:19:05", "start": "00:19:01", "text": "in terms of your protection like what"}, {"end": "00:19:06", "start": "00:19:03", "text": "you get back from it. And it's not like"}, {"end": "00:19:09", "start": "00:19:05", "text": "exchanges, you know, like CZ is going to"}, {"end": "00:19:11", "start": "00:19:06", "text": "recode whole Binance infra because he"}, {"end": "00:19:14", "start": "00:19:09", "text": "read this tweet and he's emotional and"}, {"end": "00:19:16", "start": "00:19:11", "text": "he's scared. So how is it responsible? I"}, {"end": "00:19:19", "start": "00:19:14", "text": "don't think he's responsible."}, {"end": "00:19:21", "start": "00:19:16", "text": "Zcash says Mert. And by the way, NER is"}, {"end": "00:19:22", "start": "00:19:19", "text": "holding up quite nicely. Let's actually"}, {"end": "00:19:25", "start": "00:19:21", "text": "check the coins that are holding up"}, {"end": "00:19:29", "start": "00:19:22", "text": "because now with all of this"}, {"end": "00:19:30", "start": "00:19:25", "text": "quantum and hacking and all of that, you"}, {"end": "00:19:32", "start": "00:19:29", "text": "see that Bitcoin does not really move. I"}, {"end": "00:19:34", "start": "00:19:30", "text": "mean, we're at 83. So, the market does"}, {"end": "00:19:35", "start": "00:19:32", "text": "not really care about it. So, should you"}, {"end": "00:19:38", "start": "00:19:34", "text": "be worried? Probably not. I mean, the"}, {"end": "00:19:42", "start": "00:19:35", "text": "market is not is not worrying. So, when"}, {"end": "00:19:43", "start": "00:19:38", "text": "the market is not worrying, likely it's"}, {"end": "00:19:47", "start": "00:19:42", "text": "okay. It's okay. Should Bitcoin suddenly"}, {"end": "00:19:50", "start": "00:19:43", "text": "be boop 75K in one day, then okay,"}, {"end": "00:19:54", "start": "00:19:47", "text": "something's happening. Some big dude,"}, {"end": "00:19:56", "start": "00:19:50", "text": "some very big dude, maybe, you know,"}, {"end": "00:19:58", "start": "00:19:54", "text": "nation state kind of big dude moves some"}, {"end": "00:20:01", "start": "00:19:56", "text": "coins. If Bitcoin goes from 83 to 75 or"}, {"end": "00:20:03", "start": "00:19:58", "text": "70, okay,"}, {"end": "00:20:05", "start": "00:20:01", "text": "something's going on. [laughter] Someone"}, {"end": "00:20:08", "start": "00:20:03", "text": "is dumping very hard. And uh then okay,"}, {"end": "00:20:10", "start": "00:20:05", "text": "then the news we need to we need to take"}, {"end": "00:20:12", "start": "00:20:08", "text": "it seriously currently because price are"}, {"end": "00:20:14", "start": "00:20:10", "text": "not really moving."}, {"end": "00:20:16", "start": "00:20:12", "text": "the big dudes are not taking it"}, {"end": "00:20:17", "start": "00:20:14", "text": "seriously."}, {"end": "00:20:21", "start": "00:20:16", "text": "So,"}, {"end": "00:20:23", "start": "00:20:17", "text": "no need to be super anxious, but good to"}, {"end": "00:20:24", "start": "00:20:21", "text": "keep in mind. Good to keep in mind."}, {"end": "00:20:26", "start": "00:20:23", "text": "Potentially move to a new address that"}, {"end": "00:20:28", "start": "00:20:24", "text": "you haven't spent from. Good to keep in"}, {"end": "00:20:30", "start": "00:20:26", "text": "mind. But yeah, other than that, let's"}, {"end": "00:20:32", "start": "00:20:28", "text": "see. Is it near still holding up? Near"}, {"end": "00:20:34", "start": "00:20:30", "text": "holding up a bit. Then another strong"}, {"end": "00:20:37", "start": "00:20:32", "text": "one was radium which is in our model"}, {"end": "00:20:40", "start": "00:20:34", "text": "portfolio inside"}, {"end": "00:20:42", "start": "00:20:37", "text": "Bulmania. Uh plus 12% even man radio."}, {"end": "00:20:45", "start": "00:20:40", "text": "Fantastic. Fantastic. Basically the only"}, {"end": "00:20:48", "start": "00:20:42", "text": "thing like carrying most portfolios in"}, {"end": "00:20:51", "start": "00:20:45", "text": "this this last few last few days last 48"}, {"end": "00:20:53", "start": "00:20:48", "text": "hours or so it's razor is rumor we added"}, {"end": "00:20:55", "start": "00:20:51", "text": "in our model portfolio I think we added"}, {"end": "00:20:59", "start": "00:20:53", "text": "it like two weeks ago or something like"}, {"end": "00:21:01", "start": "00:20:55", "text": "that good very very good um now separate"}, {"end": "00:21:03", "start": "00:20:59", "text": "note Europole so Europole just dropped a"}, {"end": "00:21:05", "start": "00:21:01", "text": "report on quantum computing and crypto"}, {"end": "00:21:07", "start": "00:21:03", "text": "take crypto won't collapse because of"}, {"end": "00:21:09", "start": "00:21:05", "text": "quantum the weak point isn't the"}, {"end": "00:21:10", "start": "00:21:07", "text": "blockchain it's wallets if your public"}, {"end": "00:21:12", "start": "00:21:09", "text": "key is already visible on chain a strong"}, {"end": "00:21:15", "start": "00:21:10", "text": "enough quantum computer could one day"}, {"end": "00:21:17", "start": "00:21:12", "text": "work back to your private key. Glass"}, {"end": "00:21:19", "start": "00:21:15", "text": "node counts 6 million bitcoin roughly"}, {"end": "00:21:21", "start": "00:21:17", "text": "30% of supply in that exposed group"}, {"end": "00:21:24", "start": "00:21:19", "text": "mostly used addresses and exchange"}, {"end": "00:21:28", "start": "00:21:21", "text": "wallets. For those coins, there is no"}, {"end": "00:21:30", "start": "00:21:24", "text": "fix uh later. The only way out is moving"}, {"end": "00:21:33", "start": "00:21:28", "text": "them to new wallets before an attack is"}, {"end": "00:21:36", "start": "00:21:30", "text": "possible 100%. I think exchanges should"}, {"end": "00:21:38", "start": "00:21:33", "text": "really take it seriously. Uh exchange"}, {"end": "00:21:40", "start": "00:21:36", "text": "obviously if you have a hot wallet, it's"}, {"end": "00:21:43", "start": "00:21:38", "text": "very hard to make it quantum proof. if"}, {"end": "00:21:45", "start": "00:21:40", "text": "you have a hot wallet because you need"}, {"end": "00:21:48", "start": "00:21:43", "text": "to do withdrawals from it constantly."}, {"end": "00:21:49", "start": "00:21:45", "text": "Um, and"}, {"end": "00:21:50", "start": "00:21:48", "text": "yeah, so there needs to be an"}, {"end": "00:21:52", "start": "00:21:49", "text": "infrastructure where there's not too"}, {"end": "00:21:54", "start": "00:21:50", "text": "much money there and you just refill it."}, {"end": "00:21:56", "start": "00:21:52", "text": "You refill it from a cold wallet. And"}, {"end": "00:21:58", "start": "00:21:54", "text": "when you move assets from cold wallet,"}, {"end": "00:22:00", "start": "00:21:56", "text": "you have to move all of them partially"}, {"end": "00:22:03", "start": "00:21:58", "text": "into hot wallet and partially and the"}, {"end": "00:22:05", "start": "00:22:00", "text": "rest into a new cold wallet. So, no one"}, {"end": "00:22:06", "start": "00:22:03", "text": "says it's going to be easy. No one says"}, {"end": "00:22:07", "start": "00:22:05", "text": "it's going to be easy to migrate for"}, {"end": "00:22:09", "start": "00:22:06", "text": "exchanges. I don't think it's gonna be"}, {"end": "00:22:12", "start": "00:22:07", "text": "easy for exchanges, but for average"}, {"end": "00:22:14", "start": "00:22:09", "text": "player just holding a few coins, moving"}, {"end": "00:22:16", "start": "00:22:12", "text": "to a new address is it can take five"}, {"end": "00:22:20", "start": "00:22:14", "text": "minutes. But don't rush. Don't rush."}, {"end": "00:22:22", "start": "00:22:16", "text": "Take a cup of coffee."}, {"end": "00:22:26", "start": "00:22:20", "text": "Do it slowly. Everything guys with"}, {"end": "00:22:28", "start": "00:22:22", "text": "money. It's good to not rush too much."}, {"end": "00:22:30", "start": "00:22:26", "text": "Uh,"}, {"end": "00:22:32", "start": "00:22:28", "text": "China is not coming for your coins."}, {"end": "00:22:34", "start": "00:22:30", "text": "China is not going to quantum your your"}, {"end": "00:22:38", "start": "00:22:32", "text": "coin, guy, [snorts]"}, {"end": "00:22:40", "start": "00:22:34", "text": "guys. it it likely won't happen. Now, a"}, {"end": "00:22:42", "start": "00:22:38", "text": "more like scary thought is that you"}, {"end": "00:22:44", "start": "00:22:40", "text": "don't need quantum. You can just do it"}, {"end": "00:22:48", "start": "00:22:42", "text": "with normal math, which is kind of what"}, {"end": "00:22:50", "start": "00:22:44", "text": "Justin Drake u in my understanding"}, {"end": "00:22:53", "start": "00:22:48", "text": "alluded to, although he connected back"}, {"end": "00:22:54", "start": "00:22:50", "text": "to quantum at the end. So, yeah, let's"}, {"end": "00:22:57", "start": "00:22:53", "text": "see what's going to happen. Currently,"}, {"end": "00:23:00", "start": "00:22:54", "text": "prices are stable, so we are relaxed."}, {"end": "00:23:04", "start": "00:22:57", "text": "When prices move, we're not relaxed."}, {"end": "00:23:08", "start": "00:23:00", "text": "when prices is still at 82. Uh we are"}, {"end": "00:23:10", "start": "00:23:04", "text": "relaxed. Okay, currently I'm relaxed."}, {"end": "00:23:12", "start": "00:23:08", "text": "Tomorrow, let's see, guys. Tomorrow,"}, {"end": "00:23:14", "start": "00:23:10", "text": "let's see because"}, {"end": "00:23:18", "start": "00:23:12", "text": "we follow the trend. Trend is bullish."}, {"end": "00:23:20", "start": "00:23:14", "text": "That's it. There's always some FUD."}, {"end": "00:23:21", "start": "00:23:18", "text": "Um okay, let me give you more FUD."}, {"end": "00:23:23", "start": "00:23:20", "text": "[laughter]"}, {"end": "00:23:25", "start": "00:23:21", "text": "If you own crypto, this is genuinely"}, {"end": "00:23:27", "start": "00:23:23", "text": "scary. a top Bitcoin researcher who"}, {"end": "00:23:29", "start": "00:23:25", "text": "actually works at the Ethereum"}, {"end": "00:23:31", "start": "00:23:27", "text": "Foundation is telling you is to move our"}, {"end": "00:23:34", "start": "00:23:29", "text": "crypto to a banker. He thinks yeah"}, {"end": "00:23:34", "start": "00:23:31", "text": "basically what we just said"}, {"end": "00:23:38", "start": "00:23:34", "text": "that does not mean a broke elliptic"}, {"end": "00:23:40", "start": "00:23:37", "text": "curve. It didn't. The signal is that A"}, {"end": "00:23:42", "start": "00:23:38", "text": "is increasingly demonstrating an ability"}, {"end": "00:23:44", "start": "00:23:40", "text": "to find novel approaches to mathematical"}, {"end": "00:23:47", "start": "00:23:42", "text": "problems humans have studied for"}, {"end": "00:23:48", "start": "00:23:44", "text": "decades. Exactly."}, {"end": "00:23:52", "start": "00:23:47", "text": "What if everyone is preparing for"}, {"end": "00:23:52", "start": "00:23:48", "text": "quantum comput"}, {"end": "00:23:56", "start": "00:23:52", "text": "but superhuman AI discovers? Yeah,"}, {"end": "00:23:58", "start": "00:23:54", "text": "basically what we said actually. So this"}, {"end": "00:23:59", "start": "00:23:56", "text": "is what we said. We said that he didn't"}, {"end": "00:24:02", "start": "00:23:58", "text": "he didn't speak about quantum as even"}, {"end": "00:24:04", "start": "00:23:59", "text": "the main threat is that AI finds a"}, {"end": "00:24:09", "start": "00:24:02", "text": "shortcut like a traditional way of using"}, {"end": "00:24:11", "start": "00:24:04", "text": "normal computer to break it first. Okay."}, {"end": "00:24:13", "start": "00:24:09", "text": "That's the part he thinks the crypto"}, {"end": "00:24:16", "start": "00:24:11", "text": "industry isn't sufficiently prepared"}, {"end": "00:24:17", "start": "00:24:13", "text": "for. If ECDSA were eventually broken,"}, {"end": "00:24:20", "start": "00:24:16", "text": "the consequence could obviously be"}, {"end": "00:24:21", "start": "00:24:17", "text": "catastrophic."}, {"end": "00:24:23", "start": "00:24:20", "text": "Yeah, I mean crypto would be wrecked,"}, {"end": "00:24:25", "start": "00:24:21", "text": "but everything else would be wrecked."}, {"end": "00:24:28", "start": "00:24:23", "text": "Like the whole engine would be wrecked."}, {"end": "00:24:33", "start": "00:24:25", "text": "Not an excuse to not be prepared in"}, {"end": "00:24:36", "start": "00:24:28", "text": "crypto. The problem is that with um"}, {"end": "00:24:38", "start": "00:24:33", "text": "with um"}, {"end": "00:24:41", "start": "00:24:36", "text": "yeah, I mean wi with crypto you have a"}, {"end": "00:24:44", "start": "00:24:38", "text": "easy solution for for Pleba. he can"}, {"end": "00:24:47", "start": "00:24:41", "text": "easily move. Uh because my understanding"}, {"end": "00:24:51", "start": "00:24:44", "text": "is that this uh developments they don't"}, {"end": "00:24:55", "start": "00:24:47", "text": "um address the hash. So if your assets"}, {"end": "00:24:58", "start": "00:24:51", "text": "are in a hashed address, they're both"}, {"end": "00:25:02", "start": "00:24:55", "text": "protected against quantum and against AI"}, {"end": "00:25:03", "start": "00:24:58", "text": "figuring out a way to break cryptography"}, {"end": "00:25:05", "start": "00:25:02", "text": "where where it goes from public key to"}, {"end": "00:25:07", "start": "00:25:03", "text": "private key. That's probably the the"}, {"end": "00:25:10", "start": "00:25:05", "text": "whole connection there that actually"}, {"end": "00:25:12", "start": "00:25:07", "text": "moving to a new address is the is the"}, {"end": "00:25:15", "start": "00:25:10", "text": "solution for both quantum and uh and"}, {"end": "00:25:18", "start": "00:25:12", "text": "this. Yeah. But anyway guys, fantastic."}, {"end": "00:25:20", "start": "00:25:15", "text": "Let's see what Vitalik says."}, {"end": "00:25:25", "start": "00:25:18", "text": "The core new area of risk from his"}, {"end": "00:25:27", "start": "00:25:20", "text": "viewpoint is that uh is unfortunately"}, {"end": "00:25:29", "start": "00:25:25", "text": "yeah this this new ASB that is"}, {"end": "00:25:31", "start": "00:25:27", "text": "developing and it's also another reason"}, {"end": "00:25:34", "start": "00:25:29", "text": "along with quantum why. Yeah. Okay. So"}, {"end": "00:25:35", "start": "00:25:31", "text": "for most people"}, {"end": "00:25:38", "start": "00:25:34", "text": "man when Vitalic cries can you write"}, {"end": "00:25:40", "start": "00:25:35", "text": "easy or like in simple English every"}, {"end": "00:25:42", "start": "00:25:38", "text": "time I open anything Vitalic writes like"}, {"end": "00:25:45", "start": "00:25:40", "text": "you know it's I don't know if he does it"}, {"end": "00:25:46", "start": "00:25:42", "text": "but in by purpose or what's the problem"}, {"end": "00:25:49", "start": "00:25:45", "text": "it's not about intelligence because"}, {"end": "00:25:50", "start": "00:25:46", "text": "Justin is also intelligent but he writes"}, {"end": "00:25:52", "start": "00:25:49", "text": "in an easy way man when when you read"}, {"end": "00:25:54", "start": "00:25:50", "text": "something Vitalik writes I mean we"}, {"end": "00:25:56", "start": "00:25:52", "text": "understand that you're a genius kid"}, {"end": "00:25:59", "start": "00:25:54", "text": "potentially we get that we get that we"}, {"end": "00:26:01", "start": "00:25:56", "text": "get so anyway so far most people have"}, {"end": "00:26:03", "start": "00:25:59", "text": "been in the mode of thinking Elliptic"}, {"end": "00:26:07", "start": "00:26:01", "text": "curves broken. Hash is safe. Lis is"}, {"end": "00:26:10", "start": "00:26:03", "text": "safe. But there is a good chance that we"}, {"end": "00:26:12", "start": "00:26:07", "text": "concrete security of lises that the"}, {"end": "00:26:13", "start": "00:26:10", "text": "concrete security of license will take"}, {"end": "00:26:15", "start": "00:26:12", "text": "serious hits from the next two years of"}, {"end": "00:26:18", "start": "00:26:13", "text": "AMA."}, {"end": "00:26:20", "start": "00:26:15", "text": "The basic threat is factoring something"}, {"end": "00:26:23", "start": "00:26:18", "text": "that naively"}, {"end": "00:26:25", "start": "00:26:20", "text": "takes oh yeah if you don't have any"}, {"end": "00:26:27", "start": "00:26:23", "text": "smart algorithm you just do from first"}, {"end": "00:26:28", "start": "00:26:25", "text": "principle it's is very long time to do"}, {"end": "00:26:30", "start": "00:26:27", "text": "factoring and factoring is the"}, {"end": "00:26:33", "start": "00:26:28", "text": "mathematical operation to break the"}, {"end": "00:26:35", "start": "00:26:30", "text": "cryptography behind private public key"}, {"end": "00:26:39", "start": "00:26:33", "text": "but over decades smart people have found"}, {"end": "00:26:43", "start": "00:26:35", "text": "and optimized number uh number field"}, {"end": "00:26:46", "start": "00:26:39", "text": "sees number field sees"}, {"end": "00:26:49", "start": "00:26:43", "text": "guys my math cuts off kind of field"}, {"end": "00:26:51", "start": "00:26:46", "text": "fields and groups. That's where I went"}, {"end": "00:26:54", "start": "00:26:49", "text": "full-time crypto. For all you math"}, {"end": "00:26:56", "start": "00:26:51", "text": "wizards, you know the fields and groups."}, {"end": "00:26:58", "start": "00:26:54", "text": "We had discrete math and then we had"}, {"end": "00:27:01", "start": "00:26:56", "text": "groups and fields and that's where I"}, {"end": "00:27:02", "start": "00:26:58", "text": "went full-time crypto. And for trading,"}, {"end": "00:27:04", "start": "00:27:01", "text": "I didn't need that. Actually, for"}, {"end": "00:27:06", "start": "00:27:02", "text": "trading, I didn't even need most of the"}, {"end": "00:27:09", "start": "00:27:04", "text": "math. But anyway, if you are a brainiac,"}, {"end": "00:27:11", "start": "00:27:06", "text": "you can read here"}, {"end": "00:27:14", "start": "00:27:09", "text": "about fields and groups and all of the"}, {"end": "00:27:18", "start": "00:27:11", "text": "mathematical explanation."}, {"end": "00:27:22", "start": "00:27:14", "text": "eat in 2017."}, {"end": "00:27:25", "start": "00:27:18", "text": "We want Vitalik to keep his discussions"}, {"end": "00:27:26", "start": "00:27:22", "text": "on this level. Not talk about fields and"}, {"end": "00:27:29", "start": "00:27:25", "text": "groups."}, {"end": "00:27:32", "start": "00:27:26", "text": "Speak about ETH price chart and how ETH"}, {"end": "00:27:36", "start": "00:27:29", "text": "in 2017 was amazing like Megan Fox back"}, {"end": "00:27:40", "start": "00:27:32", "text": "in Transformers and ETH now doesn't pump"}, {"end": "00:27:42", "start": "00:27:36", "text": "like Megan Fox now with BTOX. Okay."}, {"end": "00:27:42", "start": "00:27:40", "text": "[laughter]"}, {"end": "00:27:48", "start": "00:27:43", "text": "Vitalik, Vitalik, big big shout out,"}, {"end": "00:27:51", "start": "00:27:45", "text": "guys. Big shout out. So,"}, {"end": "00:27:52", "start": "00:27:48", "text": "let's forget all of the geek stuff. Put"}, {"end": "00:27:54", "start": "00:27:51", "text": "it behind you. You don't have to"}, {"end": "00:27:57", "start": "00:27:52", "text": "understand it."}, {"end": "00:28:01", "start": "00:27:54", "text": "You have to understand currently price"}, {"end": "00:28:04", "start": "00:27:57", "text": "no dump. Meaning big player no dump."}, {"end": "00:28:06", "start": "00:28:01", "text": "Meaning big player doesn't take it"}, {"end": "00:28:08", "start": "00:28:04", "text": "seriously. And big player here is"}, {"end": "00:28:12", "start": "00:28:06", "text": "speaking about all the Wall Streets, all"}, {"end": "00:28:15", "start": "00:28:08", "text": "the black rocks. big player. We need to"}, {"end": "00:28:17", "start": "00:28:12", "text": "be humble and say probably smarter"}, {"end": "00:28:19", "start": "00:28:15", "text": "than us."}, {"end": "00:28:22", "start": "00:28:17", "text": "They have uh billions, hundreds of"}, {"end": "00:28:24", "start": "00:28:19", "text": "billions to manage. Not I mean not"}, {"end": "00:28:27", "start": "00:28:22", "text": "inherently smarter. I mean if you and I"}, {"end": "00:28:29", "start": "00:28:24", "text": "guys if we sat together and we put our"}, {"end": "00:28:32", "start": "00:28:27", "text": "bright bright minds to it, we would"}, {"end": "00:28:34", "start": "00:28:29", "text": "probably also figure out the the truth."}, {"end": "00:28:37", "start": "00:28:32", "text": "It's just that they have thousands of"}, {"end": "00:28:42", "start": "00:28:34", "text": "people and they put a lot of time while"}, {"end": "00:28:45", "start": "00:28:37", "text": "we put a little time. So these dudes,"}, {"end": "00:28:48", "start": "00:28:42", "text": "they're not worried. Price 83k"}, {"end": "00:28:51", "start": "00:28:45", "text": "and so that's why I'm personally not"}, {"end": "00:28:53", "start": "00:28:48", "text": "panicking even though it is interesting"}, {"end": "00:28:56", "start": "00:28:51", "text": "how fast science and math is developing."}, {"end": "00:28:59", "start": "00:28:53", "text": "So yeah"}, {"end": "00:29:01", "start": "00:28:56", "text": "uh that's that. Yeah is the biggest"}, {"end": "00:29:03", "start": "00:28:59", "text": "discussion guys. Not nothing too much to"}, {"end": "00:29:06", "start": "00:29:01", "text": "add. Uh let's go to Q&A questions"}, {"end": "00:29:06", "start": "00:29:03", "text": "answers debates."}, {"end": "00:29:11", "start": "00:29:06", "text": "Cryptofactor"}, {"end": "00:29:13", "start": "00:29:09", "text": "something about tap routt. Yeah. Okay."}, {"end": "00:29:15", "start": "00:29:11", "text": "Okay. It does not apply to certain. So,"}, {"end": "00:29:19", "start": "00:29:13", "text": "so practically what? So, you should just"}, {"end": "00:29:21", "start": "00:29:15", "text": "relax. Practically what it means"}, {"end": "00:29:24", "start": "00:29:19", "text": "nothing. Exactly. Practically move to"}, {"end": "00:29:26", "start": "00:29:21", "text": "new address. That's it. You do you think"}, {"end": "00:29:28", "start": "00:29:24", "text": "that the average player is going to"}, {"end": "00:29:30", "start": "00:29:26", "text": "check do I have a top root address or"}, {"end": "00:29:32", "start": "00:29:28", "text": "what I have? He's not going to check. He"}, {"end": "00:29:33", "start": "00:29:30", "text": "doesn't even know what top is."}, {"end": "00:29:35", "start": "00:29:32", "text": "[laughter]"}, {"end": "00:29:37", "start": "00:29:33", "text": "say, \"Oh, actually actually there is"}, {"end": "00:29:39", "start": "00:29:35", "text": "this this and this and so it's it"}, {"end": "00:29:41", "start": "00:29:37", "text": "doesn't apply to this and this.\" Yeah,"}, {"end": "00:29:43", "start": "00:29:39", "text": "simplest thing. It doesn't apply to a"}, {"end": "00:29:44", "start": "00:29:41", "text": "new unspent address. That's it. Don't"}, {"end": "00:29:49", "start": "00:29:43", "text": "over complicate it, guys. Don't over"}, {"end": "00:29:50", "start": "00:29:44", "text": "complicate it. Don't over complicate it."}, {"end": "00:29:54", "start": "00:29:49", "text": "But thanks for donation. Thanks for"}, {"end": "00:29:57", "start": "00:29:50", "text": "donation. That's amazing."}, {"end": "00:29:57", "start": "00:29:54", "text": "Um"}, {"end": "00:30:02", "start": "00:29:57", "text": "near not doing that good yesterday. Near"}, {"end": "00:30:04", "start": "00:30:00", "text": "was doing quite good. Now it's up 1% or"}, {"end": "00:30:09", "start": "00:30:02", "text": "something. Yesterday it was holding up"}, {"end": "00:30:11", "start": "00:30:04", "text": "quite okay. Near is quantum proof."}, {"end": "00:30:12", "start": "00:30:09", "text": "So yeah, I mean you see near is has a"}, {"end": "00:30:15", "start": "00:30:11", "text": "green week. So near is doing very good"}, {"end": "00:30:17", "start": "00:30:12", "text": "actually. Uh"}, {"end": "00:30:21", "start": "00:30:15", "text": "in comparison to everything else, not"}, {"end": "00:30:23", "start": "00:30:17", "text": "many things have a green week this week."}, {"end": "00:30:24", "start": "00:30:21", "text": "Not many things and near I think up"}, {"end": "00:30:27", "start": "00:30:23", "text": "until yesterday it was like 5.5 or"}, {"end": "00:30:29", "start": "00:30:24", "text": "something and then boop now down a bit."}, {"end": "00:30:30", "start": "00:30:27", "text": "Uh still green for today. But yeah, this"}, {"end": "00:30:32", "start": "00:30:29", "text": "one is doing great. And then freaking"}, {"end": "00:30:35", "start": "00:30:30", "text": "Radium. Freaking Raium. Raium also"}, {"end": "00:30:37", "start": "00:30:32", "text": "doesn't care about the quantum. There's"}, {"end": "00:30:39", "start": "00:30:35", "text": "just a Dex on Sena, but for some reason"}, {"end": "00:30:42", "start": "00:30:37", "text": "they also don't care about quantum."}, {"end": "00:30:45", "start": "00:30:39", "text": "Radium holders don't give a f about the"}, {"end": "00:30:47", "start": "00:30:42", "text": "quantum or about the AI breaking uh"}, {"end": "00:30:50", "start": "00:30:45", "text": "crypto without quantum. Don't give an F"}, {"end": "00:30:52", "start": "00:30:47", "text": "about that. Fantastic. Fantastic."}, {"end": "00:30:54", "start": "00:30:50", "text": "Fantastic."}, {"end": "00:30:57", "start": "00:30:52", "text": "Now it's more of a buying opportunity."}, {"end": "00:31:00", "start": "00:30:54", "text": "Yes, I agree. So, because the trend is"}, {"end": "00:31:03", "start": "00:30:57", "text": "bullish, everything is bullish. This is"}, {"end": "00:31:05", "start": "00:31:00", "text": "indeed in my view a nice buying"}, {"end": "00:31:06", "start": "00:31:03", "text": "opportunity. It's a nice buying"}, {"end": "00:31:09", "start": "00:31:05", "text": "opportunity to DCA. I mean basically do"}, {"end": "00:31:10", "start": "00:31:06", "text": "whatever strategy you have in in this"}, {"end": "00:31:13", "start": "00:31:09", "text": "bull market whether you follow"}, {"end": "00:31:15", "start": "00:31:10", "text": "mechanical rules or what you do this is"}, {"end": "00:31:18", "start": "00:31:13", "text": "yes indeed when you have a dip like this"}, {"end": "00:31:21", "start": "00:31:15", "text": "in a bull trend to DCA. Fantastic. Just"}, {"end": "00:31:24", "start": "00:31:18", "text": "like here boop a dip to DCA. Fantastic."}, {"end": "00:31:24", "start": "00:31:21", "text": "Fantastic."}, {"end": "00:31:33", "start": "00:31:28", "text": "Why are they not collapsing? They still"}, {"end": "00:31:35", "start": "00:31:30", "text": "look strong. Seems like many alts"}, {"end": "00:31:37", "start": "00:31:33", "text": "survived better than normal. Yeah. See,"}, {"end": "00:31:40", "start": "00:31:35", "text": "you have a more of a calm view on the"}, {"end": "00:31:42", "start": "00:31:37", "text": "market, which is very good. Most people"}, {"end": "00:31:44", "start": "00:31:40", "text": "don't. I mean, the the average crypto"}, {"end": "00:31:46", "start": "00:31:42", "text": "investor"}, {"end": "00:31:49", "start": "00:31:44", "text": "is panicking. Why? Because Solana, for"}, {"end": "00:31:51", "start": "00:31:46", "text": "example, went from 122 to 115."}, {"end": "00:31:53", "start": "00:31:49", "text": "[laughter]"}, {"end": "00:31:54", "start": "00:31:51", "text": "Okay. So, that's good. That's good. You"}, {"end": "00:31:56", "start": "00:31:53", "text": "have a nice column view. Yeah, they're"}, {"end": "00:31:58", "start": "00:31:54", "text": "holding up very nice. But I mean, for"}, {"end": "00:32:00", "start": "00:31:56", "text": "what? I mean, nothing has happened."}, {"end": "00:32:05", "start": "00:31:58", "text": "Nothing has happened."}, {"end": "00:32:07", "start": "00:32:00", "text": "Bitcoin is down from 70 87 to 83. So for"}, {"end": "00:32:10", "start": "00:32:05", "text": "what for? Because your question is like"}, {"end": "00:32:12", "start": "00:32:07", "text": "oh all are holding up quite good despite"}, {"end": "00:32:13", "start": "00:32:10", "text": "the current conditions. But what are the"}, {"end": "00:32:16", "start": "00:32:12", "text": "current conditions? The current"}, {"end": "00:32:19", "start": "00:32:13", "text": "condition is that Bitcoin went from 87"}, {"end": "00:32:22", "start": "00:32:16", "text": "to 83. So it's is bullish because it was"}, {"end": "00:32:26", "start": "00:32:19", "text": "uh like low 70s a week ago or two weeks"}, {"end": "00:32:27", "start": "00:32:22", "text": "ago. So it's interesting how our brain"}, {"end": "00:32:29", "start": "00:32:26", "text": "works like emotions. It's very"}, {"end": "00:32:31", "start": "00:32:27", "text": "interesting. People like, \"Oh, no. Given"}, {"end": "00:32:33", "start": "00:32:29", "text": "the current conditions, it's crazy that"}, {"end": "00:32:35", "start": "00:32:31", "text": "also holding up.\""}, {"end": "00:32:37", "start": "00:32:33", "text": "Yeah. I don't We had this exactly the"}, {"end": "00:32:41", "start": "00:32:35", "text": "same conditions a week ago and two weeks"}, {"end": "00:32:43", "start": "00:32:37", "text": "and three weeks ago, we were at 75."}, {"end": "00:32:44", "start": "00:32:41", "text": "Um,"}, {"end": "00:32:46", "start": "00:32:43", "text": "yo, CryptoFactor, you're absolutely"}, {"end": "00:32:47", "start": "00:32:44", "text": "right. Looking good, man. Thank you very"}, {"end": "00:32:49", "start": "00:32:46", "text": "much. Muscle showing through. Fantastic."}, {"end": "00:32:53", "start": "00:32:47", "text": "Fantastic. Thank you very much for your"}, {"end": "00:32:53", "start": "00:32:49", "text": "compliment. Big love to cryptoactor."}, {"end": "00:32:59", "start": "00:32:54", "text": "Big big love. Big shout out. How far How"}, {"end": "00:33:02", "start": "00:32:56", "text": "far can you get in that annoying flyer"}, {"end": "00:33:06", "start": "00:32:59", "text": "game? What"}, {"end": "00:33:09", "start": "00:33:02", "text": "is there a Is there a game?"}, {"end": "00:33:09", "start": "00:33:06", "text": "Where?"}, {"end": "00:33:16", "start": "00:33:10", "text": "I don't use Coin Market Cap too much, so"}, {"end": "00:33:20", "start": "00:33:12", "text": "I haven't seen it. There's a game. I can"}, {"end": "00:33:20", "start": "00:33:16", "text": "test it."}, {"end": "00:33:27", "start": "00:33:22", "text": "Now, uh, I see a question about the"}, {"end": "00:33:29", "start": "00:33:24", "text": "seeker phone. I need help here from one"}, {"end": "00:33:33", "start": "00:33:27", "text": "of the mods. Is it the same guy asking"}, {"end": "00:33:34", "start": "00:33:29", "text": "about it every day?"}, {"end": "00:33:37", "start": "00:33:33", "text": "Because every day there's a question"}, {"end": "00:33:39", "start": "00:33:34", "text": "about the seeker phone."}, {"end": "00:33:43", "start": "00:33:37", "text": "I mean, seeker phone, it was relevant in"}, {"end": "00:33:46", "start": "00:33:39", "text": "like May 2025."}, {"end": "00:33:48", "start": "00:33:43", "text": "Let's see. Safe steel zero. Is it you"}, {"end": "00:33:51", "start": "00:33:46", "text": "asking every day? Because someone is"}, {"end": "00:33:52", "start": "00:33:48", "text": "asking every day. Okay. I'm like, you"}, {"end": "00:33:54", "start": "00:33:51", "text": "know, I I have nothing more to say. I I"}, {"end": "00:33:58", "start": "00:33:52", "text": "told you that I I don't even I don't"}, {"end": "00:34:01", "start": "00:33:54", "text": "even know where it is. My fault. It was"}, {"end": "00:34:04", "start": "00:33:58", "text": "it was you know the seeker stuff. It was"}, {"end": "00:34:08", "start": "00:34:01", "text": "in May 2025."}, {"end": "00:34:10", "start": "00:34:04", "text": "So big shout out to Safe Steel Zero. Big"}, {"end": "00:34:12", "start": "00:34:08", "text": "shout out. Are you the guy every day"}, {"end": "00:34:14", "start": "00:34:10", "text": "asking about it? Uh fantastic. And then"}, {"end": "00:34:15", "start": "00:34:12", "text": "there's a guy that is spamming Uni."}, {"end": "00:34:18", "start": "00:34:14", "text": "We're going to check Uni also. So okay."}, {"end": "00:34:22", "start": "00:34:15", "text": "So, uh, Ivan, what about Seeker Phone"}, {"end": "00:34:25", "start": "00:34:18", "text": "infrastructure? Will it come back? They"}, {"end": "00:34:27", "start": "00:34:22", "text": "also have a coin SKR. So, uh, let's"}, {"end": "00:34:29", "start": "00:34:25", "text": "let's check the the Seeker coin. I think"}, {"end": "00:34:31", "start": "00:34:27", "text": "it pumped randomly a month ago or"}, {"end": "00:34:34", "start": "00:34:29", "text": "something like that. Did it continue"}, {"end": "00:34:35", "start": "00:34:31", "text": "pumping or no?"}, {"end": "00:34:38", "start": "00:34:34", "text": "Oh, yeah. Yeah. Here it is. Here it is."}, {"end": "00:34:40", "start": "00:34:35", "text": "So, it had a kind of a gold candle here."}, {"end": "00:34:42", "start": "00:34:38", "text": "Um gold candle is always a bit uh"}, {"end": "00:34:43", "start": "00:34:40", "text": "dangerous because it can be like this"}, {"end": "00:34:46", "start": "00:34:42", "text": "gold candle and then consolidation kind"}, {"end": "00:34:48", "start": "00:34:43", "text": "of like kind of like now. So will it"}, {"end": "00:34:50", "start": "00:34:46", "text": "come back? What's happening to seeker?"}, {"end": "00:34:53", "start": "00:34:48", "text": "Obviously no one cares about seeker now."}, {"end": "00:34:57", "start": "00:34:50", "text": "It's not really a you know like a"}, {"end": "00:34:58", "start": "00:34:53", "text": "narrative part of the"}, {"end": "00:35:00", "start": "00:34:57", "text": "of the Sana ecosystem. There is"}, {"end": "00:35:02", "start": "00:34:58", "text": "something here. I mean someone did this"}, {"end": "00:35:05", "start": "00:35:00", "text": "god candle and I was consolidating. So"}, {"end": "00:35:06", "start": "00:35:02", "text": "it's overall uh not too bad. I mean it's"}, {"end": "00:35:08", "start": "00:35:05", "text": "it's better than than here. I think it's"}, {"end": "00:35:10", "start": "00:35:06", "text": "from a riskreward perspective. Let's see"}, {"end": "00:35:12", "start": "00:35:08", "text": "if it can get supported at this level."}, {"end": "00:35:14", "start": "00:35:10", "text": "That would be very good because then"}, {"end": "00:35:16", "start": "00:35:12", "text": "it's a confirmation of yeah just"}, {"end": "00:35:19", "start": "00:35:14", "text": "confirmation of breakout. But all in all"}, {"end": "00:35:21", "start": "00:35:16", "text": "it it is coming back in some fashion. Um"}, {"end": "00:35:23", "start": "00:35:19", "text": "I'm not a fan of when there is a god"}, {"end": "00:35:24", "start": "00:35:21", "text": "candle because uh you need to be"}, {"end": "00:35:26", "start": "00:35:23", "text": "careful. It can just consolidate for a"}, {"end": "00:35:28", "start": "00:35:24", "text": "while. If it is God candle after several"}, {"end": "00:35:31", "start": "00:35:26", "text": "gold candles, okay, but if there's just"}, {"end": "00:35:33", "start": "00:35:28", "text": "one uh it's hard to say if if it was,"}, {"end": "00:35:36", "start": "00:35:31", "text": "you know, just a few guys pushing it up."}, {"end": "00:35:37", "start": "00:35:33", "text": "Is it really liquid market? Because a TA"}, {"end": "00:35:39", "start": "00:35:36", "text": "and trends they work in liquid markets."}, {"end": "00:35:43", "start": "00:35:37", "text": "If it's illquid market then just a guy"}, {"end": "00:35:45", "start": "00:35:39", "text": "drawing the chart. So uh all in all"}, {"end": "00:35:47", "start": "00:35:43", "text": "looks okay looks okay. The buyers have"}, {"end": "00:35:49", "start": "00:35:45", "text": "stepped in and supported this prices."}, {"end": "00:35:50", "start": "00:35:47", "text": "We're still above this this uh support"}, {"end": "00:35:54", "start": "00:35:49", "text": "here. So hopefully we just get support"}, {"end": "00:35:57", "start": "00:35:50", "text": "here and boop to the upside."}, {"end": "00:35:58", "start": "00:35:54", "text": "And then in terms of infra"}, {"end": "00:36:00", "start": "00:35:57", "text": "I I don't know because I don't see too"}, {"end": "00:36:06", "start": "00:35:58", "text": "much. The phone thing is not really in"}, {"end": "00:36:08", "start": "00:36:00", "text": "the news. So uh yeah. Um,"}, {"end": "00:36:10", "start": "00:36:06", "text": "nothing more to nothing more to say."}, {"end": "00:36:13", "start": "00:36:08", "text": "Just just follow the price. It's bull"}, {"end": "00:36:16", "start": "00:36:10", "text": "trend. So, so far so good. Safe teal."}, {"end": "00:36:17", "start": "00:36:13", "text": "Thanks. No, no spamming. Oh, no. So, I"}, {"end": "00:36:18", "start": "00:36:16", "text": "by the way, I didn't mean that you were"}, {"end": "00:36:21", "start": "00:36:17", "text": "spamming. I was just curious. Is it the"}, {"end": "00:36:22", "start": "00:36:18", "text": "same guy or not? Uh, that's I asked the"}, {"end": "00:36:24", "start": "00:36:21", "text": "most just to confirm. Is it the same guy"}, {"end": "00:36:26", "start": "00:36:22", "text": "or or we have like many guys talking"}, {"end": "00:36:28", "start": "00:36:24", "text": "about secret? It was more about that."}, {"end": "00:36:30", "start": "00:36:26", "text": "Uh, you did not spam. You did not spam."}, {"end": "00:36:32", "start": "00:36:28", "text": "You just Okay. Every day you ask I don't"}, {"end": "00:36:34", "start": "00:36:30", "text": "know how many times per day you ask. You"}, {"end": "00:36:36", "start": "00:36:32", "text": "ask one time per day or or 50 per day."}, {"end": "00:36:40", "start": "00:36:34", "text": "My impression is that you ask like one"}, {"end": "00:36:41", "start": "00:36:36", "text": "per day but every day. [laughter]"}, {"end": "00:36:43", "start": "00:36:40", "text": "That is not spamming. That's actually"}, {"end": "00:36:46", "start": "00:36:41", "text": "okay. That's actually okay. Big shout"}, {"end": "00:36:46", "start": "00:36:43", "text": "out. Big shout."}, {"end": "00:36:52", "start": "00:36:47", "text": "Uni. Uni. Uni. What's happening? Uni is"}, {"end": "00:36:55", "start": "00:36:50", "text": "bull trend. Let's see how the chart is"}, {"end": "00:36:57", "start": "00:36:52", "text": "looking last few days."}, {"end": "00:36:59", "start": "00:36:55", "text": "Yeah. So uni has a bit of a pullback. I"}, {"end": "00:37:01", "start": "00:36:57", "text": "mean bull tren guys. Don't don't over"}, {"end": "00:37:02", "start": "00:36:59", "text": "complicate. Up 88% since the bull flip."}, {"end": "00:37:06", "start": "00:37:01", "text": "Don't over complicate. Don't over"}, {"end": "00:37:09", "start": "00:37:02", "text": "complicate a bit of volatility up down."}, {"end": "00:37:14", "start": "00:37:06", "text": "Uh now should go here and close below"}, {"end": "00:37:17", "start": "00:37:09", "text": "7.2 then I would personally uh shift to"}, {"end": "00:37:19", "start": "00:37:14", "text": "uh to another D5 play like in bulmania"}, {"end": "00:37:22", "start": "00:37:17", "text": "we have the model portfolios just shift"}, {"end": "00:37:24", "start": "00:37:19", "text": "into another D5. There are many D5s if"}, {"end": "00:37:26", "start": "00:37:22", "text": "this goes bare trend but there's another"}, {"end": "00:37:28", "start": "00:37:24", "text": "D5 thing that you can be in which is"}, {"end": "00:37:30", "start": "00:37:26", "text": "maybe testing new highs. I would just re"}, {"end": "00:37:34", "start": "00:37:28", "text": "relocate there and they still still have"}, {"end": "00:37:36", "start": "00:37:30", "text": "the same exposure to to DeFi and um"}, {"end": "00:37:38", "start": "00:37:34", "text": "that's it basically. That's it. So if"}, {"end": "00:37:41", "start": "00:37:36", "text": "this thing goes bare trend you just know"}, {"end": "00:37:43", "start": "00:37:38", "text": "it is bull market so"}, {"end": "00:37:45", "start": "00:37:41", "text": "probably it's not going to be a big bare"}, {"end": "00:37:46", "start": "00:37:43", "text": "trend but still why waste maybe you know"}, {"end": "00:37:48", "start": "00:37:45", "text": "two months going bare and then"}, {"end": "00:37:51", "start": "00:37:46", "text": "recovering then just shifting over to"}, {"end": "00:37:55", "start": "00:37:48", "text": "something that isn't bull trend that"}, {"end": "00:37:57", "start": "00:37:51", "text": "that's why I prefer to do it."}, {"end": "00:38:00", "start": "00:37:55", "text": "He's persistently asking till he"}, {"end": "00:38:03", "start": "00:37:57", "text": "succeeded. Yeah, every day. Exactly."}, {"end": "00:38:03", "start": "00:38:00", "text": "Exactly."}, {"end": "00:38:11", "start": "00:38:03", "text": "Uh"}, {"end": "00:38:15", "start": "00:38:06", "text": "can you check on this thing? Uh"}, {"end": "00:38:15", "start": "00:38:11", "text": "do I do I know it?"}, {"end": "00:38:21", "start": "00:38:18", "text": "Let's see."}, {"end": "00:38:26", "start": "00:38:22", "text": "Yeah."}, {"end": "00:38:28", "start": "00:38:24", "text": "Not sure where it is the Zama thing, but"}, {"end": "00:38:31", "start": "00:38:26", "text": "and on Binance. So, I guess not"}, {"end": "00:38:35", "start": "00:38:28", "text": "a rabb always with, you know, new coins"}, {"end": "00:38:37", "start": "00:38:31", "text": "that people ask. You never know it's a"}, {"end": "00:38:42", "start": "00:38:35", "text": "rug or not, but if it's on Binance, I"}, {"end": "00:38:42", "start": "00:38:37", "text": "guess it's not. Uh, let's see. Zama."}, {"end": "00:38:50", "start": "00:38:43", "text": "Very strong chart. New chart."}, {"end": "00:38:51", "start": "00:38:47", "text": "Some privacy stuff. Confidential onchain"}, {"end": "00:38:54", "start": "00:38:50", "text": "finance. Yeah, I mean chart looks very"}, {"end": "00:38:54", "start": "00:38:51", "text": "good. Chart looks very good."}, {"end": "00:39:03", "start": "00:38:59", "text": "What happened to Worldcoin with the eye"}, {"end": "00:39:06", "start": "00:39:01", "text": "scanners? Uh, I haven't heard too much,"}, {"end": "00:39:08", "start": "00:39:03", "text": "but I think long term I like the"}, {"end": "00:39:11", "start": "00:39:06", "text": "proposition. Let let's check the uh what"}, {"end": "00:39:14", "start": "00:39:08", "text": "is the secret worldcoin. Let's let's"}, {"end": "00:39:16", "start": "00:39:11", "text": "check the chart. See how it looks."}, {"end": "00:39:18", "start": "00:39:14", "text": "Yeah. So, the chart is choppy as hell."}, {"end": "00:39:19", "start": "00:39:16", "text": "Uh I wouldn't touch even though it's"}, {"end": "00:39:21", "start": "00:39:18", "text": "technically bull trend. You see, it's"}, {"end": "00:39:24", "start": "00:39:19", "text": "choppy and uh not really uh not really"}, {"end": "00:39:26", "start": "00:39:21", "text": "pumping now. Uh for for a new entry, I"}, {"end": "00:39:28", "start": "00:39:24", "text": "wouldn't touch until it gets above here"}, {"end": "00:39:31", "start": "00:39:26", "text": "and really confirms that it wants to"}, {"end": "00:39:33", "start": "00:39:28", "text": "pump. So, World Coin"}, {"end": "00:39:35", "start": "00:39:31", "text": "long-term, I I like the proposition, not"}, {"end": "00:39:36", "start": "00:39:33", "text": "the dystopian part of it. There's"}, {"end": "00:39:41", "start": "00:39:35", "text": "obviously a dystopian part of it like"}, {"end": "00:39:41", "start": "00:39:36", "text": "scanning the eyeball, etc., etc."}, {"end": "00:39:48", "start": "00:39:42", "text": "uh but this idea that in the world of AI"}, {"end": "00:39:50", "start": "00:39:46", "text": "it's nice to prove that you're a human"}, {"end": "00:39:53", "start": "00:39:48", "text": "and you can either prove that by showing"}, {"end": "00:39:55", "start": "00:39:50", "text": "your passport which can be faked so it's"}, {"end": "00:39:57", "start": "00:39:53", "text": "not even you cannot even prove that or"}, {"end": "00:39:59", "start": "00:39:55", "text": "biometrics"}, {"end": "00:40:02", "start": "00:39:57", "text": "because very soon there's going to be"}, {"end": "00:40:04", "start": "00:39:59", "text": "big demand for human verified social"}, {"end": "00:40:06", "start": "00:40:02", "text": "media for example I think it's going to"}, {"end": "00:40:10", "start": "00:40:04", "text": "be massive because now if you open"}, {"end": "00:40:12", "start": "00:40:06", "text": "Instagram most is AI like most is AI"}, {"end": "00:40:14", "start": "00:40:10", "text": "And man, AI it is pretty fun. I mean,"}, {"end": "00:40:16", "start": "00:40:12", "text": "you know, it's sometimes they do very"}, {"end": "00:40:18", "start": "00:40:14", "text": "engaging videos that are that are"}, {"end": "00:40:21", "start": "00:40:16", "text": "interesting to watch, but it's brain rot"}, {"end": "00:40:22", "start": "00:40:18", "text": "at the end of the day. And uh it's going"}, {"end": "00:40:24", "start": "00:40:21", "text": "to develop and become better and better"}, {"end": "00:40:25", "start": "00:40:22", "text": "and better soon enough. You cannot"}, {"end": "00:40:27", "start": "00:40:24", "text": "really distinguish is this a person or"}, {"end": "00:40:29", "start": "00:40:25", "text": "not a person. And in that environment,"}, {"end": "00:40:33", "start": "00:40:27", "text": "it's going to be very important to be"}, {"end": "00:40:35", "start": "00:40:29", "text": "able to show, hey, I'm a real human. And"}, {"end": "00:40:39", "start": "00:40:33", "text": "there's going to be a big niche for"}, {"end": "00:40:41", "start": "00:40:35", "text": "human only uh content. So in that"}, {"end": "00:40:43", "start": "00:40:39", "text": "scenario, is it nice that you can like"}, {"end": "00:40:45", "start": "00:40:41", "text": "prove your humanness in some way? Yes."}, {"end": "00:40:46", "start": "00:40:43", "text": "Is this the best solution? Who the hell"}, {"end": "00:40:48", "start": "00:40:45", "text": "knows? I don't know what is the other"}, {"end": "00:40:50", "start": "00:40:46", "text": "solution. Is the is the biggest one in"}, {"end": "00:40:54", "start": "00:40:48", "text": "terms of that was you know most known,"}, {"end": "00:40:56", "start": "00:40:50", "text": "most talked about it is the world coin."}, {"end": "00:40:57", "start": "00:40:54", "text": "Um"}, {"end": "00:41:00", "start": "00:40:56", "text": "and"}, {"end": "00:41:03", "start": "00:40:57", "text": "it's yeah this thing with human"}, {"end": "00:41:07", "start": "00:41:00", "text": "if you are doing something that uh is"}, {"end": "00:41:08", "start": "00:41:03", "text": "interesting and you are a human I think"}, {"end": "00:41:11", "start": "00:41:07", "text": "it's it's going to be valuable going"}, {"end": "00:41:15", "start": "00:41:08", "text": "forward because the amount of content is"}, {"end": "00:41:19", "start": "00:41:11", "text": "endless interesting content"}, {"end": "00:41:21", "start": "00:41:15", "text": "uh content which sounds smart but this"}, {"end": "00:41:23", "start": "00:41:19", "text": "human connection that you actually know"}, {"end": "00:41:25", "start": "00:41:21", "text": "that it's a human"}, {"end": "00:41:27", "start": "00:41:23", "text": "uh uh I I hope at least that it's going"}, {"end": "00:41:28", "start": "00:41:25", "text": "to be important"}, {"end": "00:41:31", "start": "00:41:27", "text": "that it's going to be important for"}, {"end": "00:41:33", "start": "00:41:28", "text": "audiences. So yeah, that's one use case."}, {"end": "00:41:35", "start": "00:41:31", "text": "Obviously, there are many other use case"}, {"end": "00:41:37", "start": "00:41:33", "text": "for this human verification. Uh but"}, {"end": "00:41:39", "start": "00:41:35", "text": "yeah, you open Instagram nowadays or"}, {"end": "00:41:41", "start": "00:41:37", "text": "Twitter or anything like all of these"}, {"end": "00:41:43", "start": "00:41:39", "text": "shorts, it's a bunch of AI, a bunch of"}, {"end": "00:41:45", "start": "00:41:41", "text": "AI."}, {"end": "00:41:48", "start": "00:41:43", "text": "And uh it would be nice if you could"}, {"end": "00:41:50", "start": "00:41:45", "text": "turn on no AI, just human. Would it have"}, {"end": "00:41:52", "start": "00:41:48", "text": "been nice like refreshing to just click"}, {"end": "00:41:54", "start": "00:41:50", "text": "a button and uh remove all AI including"}, {"end": "00:41:58", "start": "00:41:52", "text": "a text"}, {"end": "00:41:59", "start": "00:41:54", "text": "that uh the actual dude had to click"}, {"end": "00:42:02", "start": "00:41:58", "text": "click click click click click click"}, {"end": "00:42:04", "start": "00:41:59", "text": "click click click himself"}, {"end": "00:42:05", "start": "00:42:02", "text": "uh okay maybe not text because I myself"}, {"end": "00:42:08", "start": "00:42:04", "text": "wouldn't even write anything man I I I"}, {"end": "00:42:10", "start": "00:42:05", "text": "need I I need AI to to write I become"}, {"end": "00:42:11", "start": "00:42:08", "text": "too lazy man I become too lazy click"}, {"end": "00:42:15", "start": "00:42:10", "text": "click click click click I don't even"}, {"end": "00:42:18", "start": "00:42:11", "text": "know you know with I I operate in many"}, {"end": "00:42:21", "start": "00:42:15", "text": "different languages guys I'm a bit of a"}, {"end": "00:42:22", "start": "00:42:18", "text": "polyglot so to speak. But so with my"}, {"end": "00:42:25", "start": "00:42:21", "text": "keyboard, I don't even know when this"}, {"end": "00:42:27", "start": "00:42:22", "text": "where this apostrophe is. Apostrophe how"}, {"end": "00:42:29", "start": "00:42:25", "text": "you say when you for example I'm it's I"}, {"end": "00:42:31", "start": "00:42:27", "text": "and then apostrophe M. I don't I don't"}, {"end": "00:42:33", "start": "00:42:29", "text": "know where it is on my keyboard. This"}, {"end": "00:42:35", "start": "00:42:31", "text": "keyboard layout uh you know I don't know"}, {"end": "00:42:37", "start": "00:42:33", "text": "where I bought it. I don't I don't know"}, {"end": "00:42:39", "start": "00:42:35", "text": "where the apostrophe is. [laughter]"}, {"end": "00:42:40", "start": "00:42:37", "text": "So to write professional, I still need"}, {"end": "00:42:42", "start": "00:42:39", "text": "AI because I'm writing everything"}, {"end": "00:42:46", "start": "00:42:40", "text": "without apostrophe. Then I tell AI, hey,"}, {"end": "00:42:46", "start": "00:42:42", "text": "listen, get correct. [laughter]"}, {"end": "00:42:55", "start": "00:42:48", "text": "So yeah. Okay. Text AI allowed. AI"}, {"end": "00:42:57", "start": "00:42:51", "text": "allowed in text. But human humanness"}, {"end": "00:43:01", "start": "00:42:55", "text": "that's um that's important. Yo, Greek."}, {"end": "00:43:05", "start": "00:42:57", "text": "Greek. Greek. What you write? Apostro"}, {"end": "00:43:07", "start": "00:43:01", "text": "apostrophos. Apostrophos. Exactly. So"}, {"end": "00:43:09", "start": "00:43:05", "text": "always when you speak to a Greek dude,"}, {"end": "00:43:11", "start": "00:43:07", "text": "he's going to point out that everything"}, {"end": "00:43:14", "start": "00:43:09", "text": "is Greek."}, {"end": "00:43:16", "start": "00:43:11", "text": "Democracy is Greek."}, {"end": "00:43:18", "start": "00:43:14", "text": "Apostrophe is apostrophes."}, {"end": "00:43:22", "start": "00:43:16", "text": "Uh I know a Greek guy. I was saying that"}, {"end": "00:43:24", "start": "00:43:18", "text": "bullmania is a is like a platform for uh"}, {"end": "00:43:28", "start": "00:43:22", "text": "seeing what's bullish and bearish. He's"}, {"end": "00:43:29", "start": "00:43:24", "text": "like platformer Greek"}, {"end": "00:43:32", "start": "00:43:28", "text": "[laughter]"}, {"end": "00:43:32", "start": "00:43:29", "text": "like bro."}, {"end": "00:43:40", "start": "00:43:33", "text": "Yeah. Computer Greek. [snorts] Exactly."}, {"end": "00:43:42", "start": "00:43:36", "text": "It's all Greek. It's all Greek."}, {"end": "00:43:45", "start": "00:43:40", "text": "Uh, highly respect your opinion by"}, {"end": "00:43:47", "start": "00:43:42", "text": "seeing lower. Yeah. I mean, I know you"}, {"end": "00:43:50", "start": "00:43:45", "text": "you put it out from your back hole, you"}, {"end": "00:43:52", "start": "00:43:47", "text": "can. Yeah. Okay. See going lower then."}, {"end": "00:43:55", "start": "00:43:50", "text": "Um, adapt accordingly. I mean, listen,"}, {"end": "00:43:56", "start": "00:43:52", "text": "if it if if we start breaking down, I"}, {"end": "00:43:58", "start": "00:43:55", "text": "will adapt accordingly also. So, if you"}, {"end": "00:44:00", "start": "00:43:56", "text": "have some nice system that you work"}, {"end": "00:44:02", "start": "00:43:58", "text": "with, fantastic. Fant. I mean, everyone"}, {"end": "00:44:07", "start": "00:44:00", "text": "has their own system."}, {"end": "00:44:07", "start": "00:44:02", "text": "Everyone has their own system. Uh"}, {"end": "00:44:12", "start": "00:44:07", "text": "so big shout out whether we go lower or"}, {"end": "00:44:13", "start": "00:44:10", "text": "no. Actually with I mean to be fair I"}, {"end": "00:44:15", "start": "00:44:12", "text": "don't know whether we're going to go"}, {"end": "00:44:16", "start": "00:44:13", "text": "lower just to be clear like I don't know"}, {"end": "00:44:18", "start": "00:44:15", "text": "where we're going to go. I just know"}, {"end": "00:44:21", "start": "00:44:16", "text": "with highest probability we're going to"}, {"end": "00:44:24", "start": "00:44:18", "text": "go higher with highest probability."}, {"end": "00:44:27", "start": "00:44:21", "text": "Okay. That doesn't mean guarantee"}, {"end": "00:44:28", "start": "00:44:24", "text": "we could go lower. So I don't see I"}, {"end": "00:44:30", "start": "00:44:27", "text": "don't see either way. I mean I see that"}, {"end": "00:44:32", "start": "00:44:28", "text": "it's highest probability. You"}, {"end": "00:44:34", "start": "00:44:30", "text": "understand? But there's no certainty."}, {"end": "00:44:38", "start": "00:44:32", "text": "There's no certainty. We're just here"}, {"end": "00:44:40", "start": "00:44:34", "text": "humble pleber rising the probability."}, {"end": "00:44:42", "start": "00:44:38", "text": "Guys, thank you very very much for being"}, {"end": "00:44:43", "start": "00:44:40", "text": "here. Smash up the like. Subscribe."}, {"end": "00:44:45", "start": "00:44:42", "text": "Subscribe."}, {"end": "00:44:47", "start": "00:44:43", "text": "Have a good day. Join the newsletter"}, {"end": "00:44:49", "start": "00:44:45", "text": "Bullmania below. Oh guys, by the way,"}, {"end": "00:44:51", "start": "00:44:47", "text": "big thing, massive thing. I forgot."}, {"end": "00:44:53", "start": "00:44:49", "text": "Massive thing. Bullmania arena with a"}, {"end": "00:44:57", "start": "00:44:51", "text": "cash back. So for for Pionics, we have"}, {"end": "00:45:01", "start": "00:44:53", "text": "10K. All the winners from September, you"}, {"end": "00:45:02", "start": "00:44:57", "text": "are gonna get your payouts uh within I"}, {"end": "00:45:05", "start": "00:45:01", "text": "mean they tell me this week they say"}, {"end": "00:45:07", "start": "00:45:02", "text": "some some kind of Chinese holiday. Is it"}, {"end": "00:45:09", "start": "00:45:05", "text": "true or all you guys Chinese? Is it is"}, {"end": "00:45:11", "start": "00:45:07", "text": "there some holiday in China? I'm"}, {"end": "00:45:13", "start": "00:45:09", "text": "reminding Pionex every day to pay out"}, {"end": "00:45:15", "start": "00:45:11", "text": "the September winners. They're saying"}, {"end": "00:45:18", "start": "00:45:13", "text": "there there's holiday now that their"}, {"end": "00:45:20", "start": "00:45:15", "text": "payout guy is on holiday."}, {"end": "00:45:23", "start": "00:45:18", "text": "But trust me, I'm reminding them every"}, {"end": "00:45:25", "start": "00:45:20", "text": "day. Every day. Uh, is there a holiday"}, {"end": "00:45:26", "start": "00:45:23", "text": "now? It's Chinese New Year. What's"}, {"end": "00:45:29", "start": "00:45:25", "text": "happening? There's so many holidays."}, {"end": "00:45:30", "start": "00:45:26", "text": "Anyway, so for September, it's coming."}, {"end": "00:45:32", "start": "00:45:29", "text": "It's coming. I will keep you guys"}, {"end": "00:45:34", "start": "00:45:30", "text": "updated. Hopefully, tomorrow is it's"}, {"end": "00:45:37", "start": "00:45:32", "text": "already paid out. But for October, it's"}, {"end": "00:45:40", "start": "00:45:34", "text": "is the same. Basically, the top traders"}, {"end": "00:45:42", "start": "00:45:37", "text": "uh who trade at least 100K volume and"}, {"end": "00:45:45", "start": "00:45:40", "text": "use our link to sign up, of course, uh"}, {"end": "00:45:47", "start": "00:45:42", "text": "are going to be sharing 10K. And on Bit"}, {"end": "00:45:50", "start": "00:45:45", "text": "Unix, this is the new one, it is 20K."}, {"end": "00:45:52", "start": "00:45:47", "text": "You also have to use our affiliate u uh"}, {"end": "00:45:54", "start": "00:45:50", "text": "link. When you connect your bit, just go"}, {"end": "00:45:56", "start": "00:45:52", "text": "to arena.bloo.com. It's easy here. You"}, {"end": "00:45:59", "start": "00:45:54", "text": "connect your bit ununix. We ensure that"}, {"end": "00:46:02", "start": "00:45:56", "text": "you sign up with our link. Um, and here"}, {"end": "00:46:05", "start": "00:45:59", "text": "only three people now qualify for the"}, {"end": "00:46:07", "start": "00:46:02", "text": "price. Uh, this guy needs to trade 40k"}, {"end": "00:46:09", "start": "00:46:05", "text": "more. This this guy so basically this"}, {"end": "00:46:11", "start": "00:46:07", "text": "one has very low competition now. Bit"}, {"end": "00:46:13", "start": "00:46:09", "text": "Unix. Bit Unix. So this and this one has"}, {"end": "00:46:16", "start": "00:46:11", "text": "20k pool. So now 20 is going to be"}, {"end": "00:46:17", "start": "00:46:13", "text": "shared among this three. So if you use"}, {"end": "00:46:20", "start": "00:46:16", "text": "bitunix, you use our affiliate link. Go"}, {"end": "00:46:23", "start": "00:46:17", "text": "to arena.bullme.com link below."}, {"end": "00:46:25", "start": "00:46:20", "text": "connected ensure that you're part of the"}, {"end": "00:46:28", "start": "00:46:23", "text": "uh of the cashback. So, Chinese holiday"}, {"end": "00:46:30", "start": "00:46:25", "text": "is Greek. Exactly."}, {"end": "00:46:32", "start": "00:46:28", "text": "Mana is Greek. Exactly. Mana is Greek is"}, {"end": "00:46:36", "start": "00:46:30", "text": "Greek. Everything Greek, guys. Thank you"}, {"end": "00:46:37", "start": "00:46:32", "text": "very much. Uh have a good Thursday. Good"}, {"end": "00:46:39", "start": "00:46:36", "text": "Thursday. Big shout out to Guzman. Have"}, {"end": "00:46:41", "start": "00:46:37", "text": "a good day and goodbye, guys. Goodbye."}, {"end": "00:46:41", "start": "00:46:39", "text": "Good."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "All coins in the AI powered boom. Here"}, {"start": "00:00:02", "end": "00:00:08", "text": "it is in one breath. AI agents are about"}, {"start": "00:00:05", "end": "00:00:10", "text": "to become a brand new type of customer."}, {"start": "00:00:08", "end": "00:00:13", "text": "Realworld assets are moving on chain for"}, {"start": "00:00:10", "end": "00:00:15", "text": "them to use. And DeFi is the machinery"}, {"start": "00:00:13", "end": "00:00:17", "text": "that serves them both. If this fully"}, {"start": "00:00:15", "end": "00:00:19", "text": "plays out, the real winners won't just"}, {"start": "00:00:17", "end": "00:00:21", "text": "be the projects that people use. They're"}, {"start": "00:00:19", "end": "00:00:23", "text": "going to be tokens where all that"}, {"start": "00:00:21", "end": "00:00:26", "text": "activity actually turns into hardcore"}, {"start": "00:00:23", "end": "00:00:28", "text": "revenue and that revenue finally reaches"}, {"start": "00:00:26", "end": "00:00:30", "text": "the token holders hands. In today's"}, {"start": "00:00:28", "end": "00:00:32", "text": "video, we're going to talk about how"}, {"start": "00:00:30", "end": "00:00:34", "text": "this convergence could actually grow the"}, {"start": "00:00:32", "end": "00:00:36", "text": "entire market and which businesses could"}, {"start": "00:00:34", "end": "00:00:38", "text": "capture the most of it. This series"}, {"start": "00:00:36", "end": "00:00:40", "text": "kicks off with a report a lot of people"}, {"start": "00:00:38", "end": "00:00:43", "text": "are talking about from Catrini research"}, {"start": "00:00:40", "end": "00:00:45", "text": "which is published breaking the wall"}, {"start": "00:00:43", "end": "00:00:47", "text": "public introduction. They paint a"}, {"start": "00:00:45", "end": "00:00:49", "text": "picture that your AI agent has access to"}, {"start": "00:00:47", "end": "00:00:52", "text": "your finances and you tell it claude"}, {"start": "00:00:49", "end": "00:00:54", "text": "find me the cheapest 500k loan and"}, {"start": "00:00:52", "end": "00:00:57", "text": "refinance me into it. The argument goes"}, {"start": "00:00:54", "end": "00:00:59", "text": "like this. Our financial system is slow,"}, {"start": "00:00:57", "end": "00:01:02", "text": "fragmented, and gatekeep. Agents, on the"}, {"start": "00:00:59", "end": "00:01:04", "text": "other hand, work 24/7 across the apps."}, {"start": "00:01:02", "end": "00:01:05", "text": "And at the same time, stocks,"}, {"start": "00:01:04", "end": "00:01:08", "text": "treasuries, and credit are being"}, {"start": "00:01:05", "end": "00:01:11", "text": "tokenized and brought on chain. You have"}, {"start": "00:01:08", "end": "00:01:13", "text": "yourself the making of a perfect storm."}, {"start": "00:01:11", "end": "00:01:15", "text": "As these two worlds collide, you're left"}, {"start": "00:01:13", "end": "00:01:18", "text": "with a moment where blockchains have"}, {"start": "00:01:15", "end": "00:01:21", "text": "finally found their razison deer. This"}, {"start": "00:01:18", "end": "00:01:23", "text": "is their true realworld killer use case"}, {"start": "00:01:21", "end": "00:01:25", "text": "coming into fruition. Blockchain has"}, {"start": "00:01:23", "end": "00:01:29", "text": "gone through many adaptive identity"}, {"start": "00:01:25", "end": "00:01:30", "text": "crises as we can see them with NFTTS,"}, {"start": "00:01:29", "end": "00:01:32", "text": "smart contracts as a structural"}, {"start": "00:01:30", "end": "00:01:34", "text": "integrity point, and a lot of things"}, {"start": "00:01:32", "end": "00:01:36", "text": "crypto's made over the past few years."}, {"start": "00:01:34", "end": "00:01:39", "text": "They're useful, but there doesn't seem"}, {"start": "00:01:36", "end": "00:01:41", "text": "to be anything bigger than the massive"}, {"start": "00:01:39", "end": "00:01:43", "text": "amount of capital ready and waiting to"}, {"start": "00:01:41", "end": "00:01:45", "text": "come into the tokenized stock sector."}, {"start": "00:01:43", "end": "00:01:49", "text": "One of the most important highlights in"}, {"start": "00:01:45", "end": "00:01:51", "text": "this report is a mention of exactly"}, {"start": "00:01:49", "end": "00:01:53", "text": "this. question for investors isn't"}, {"start": "00:01:51", "end": "00:01:55", "text": "simply whether more assets become"}, {"start": "00:01:53", "end": "00:01:59", "text": "tokenized, it's where those economics"}, {"start": "00:01:55", "end": "00:02:01", "text": "acrew. And Catrini's 15 token crypto"}, {"start": "00:01:59", "end": "00:02:02", "text": "basket chart is also out in the public."}, {"start": "00:02:01", "end": "00:02:05", "text": "Look at the column header, target"}, {"start": "00:02:02", "end": "00:02:07", "text": "weight, and the proposed allocation."}, {"start": "00:02:05", "end": "00:02:10", "text": "This is not a list that anyone owns. The"}, {"start": "00:02:07", "end": "00:02:12", "text": "full basket is in the show notes from"}, {"start": "00:02:10", "end": "00:02:14", "text": "here on. This is our own independent"}, {"start": "00:02:12", "end": "00:02:16", "text": "analysis and we're taking Catrini's"}, {"start": "00:02:14", "end": "00:02:18", "text": "question where do the economics actually"}, {"start": "00:02:16", "end": "00:02:21", "text": "acrue and answer it for ourselves from"}, {"start": "00:02:18", "end": "00:02:23", "text": "primary sources. And here's the mental"}, {"start": "00:02:21", "end": "00:02:26", "text": "exercise us as investors are facing down"}, {"start": "00:02:23", "end": "00:02:28", "text": "right now. The mental model of three"}, {"start": "00:02:26", "end": "00:02:31", "text": "different layers. We have AI supplying"}, {"start": "00:02:28", "end": "00:02:33", "text": "users. The AI agents don't sleep, don't"}, {"start": "00:02:31", "end": "00:02:35", "text": "care about clunky crypto apps, and can"}, {"start": "00:02:33", "end": "00:02:37", "text": "continuously compare opportunities"}, {"start": "00:02:35", "end": "00:02:38", "text": "across markets without an easytouse"}, {"start": "00:02:37", "end": "00:02:41", "text": "interface. And then you have"}, {"start": "00:02:38", "end": "00:02:43", "text": "tokenization supplying the actual asset,"}, {"start": "00:02:41", "end": "00:02:45", "text": "the treasuries, the stocks and the"}, {"start": "00:02:43", "end": "00:02:48", "text": "credit in the form of software that can"}, {"start": "00:02:45", "end": "00:02:50", "text": "actually move with velocity. DeFi"}, {"start": "00:02:48", "end": "00:02:53", "text": "supplies the services, the lending, the"}, {"start": "00:02:50", "end": "00:02:55", "text": "trading and the yield. DeFi comes in to"}, {"start": "00:02:53", "end": "00:02:58", "text": "supply the services like lending and"}, {"start": "00:02:55", "end": "00:03:00", "text": "trading and yield. And that data keeps"}, {"start": "00:02:58", "end": "00:03:03", "text": "it honest in the crypto market. And then"}, {"start": "00:03:00", "end": "00:03:05", "text": "comes the big one, the money question."}, {"start": "00:03:03", "end": "00:03:08", "text": "Every one of those services charges an"}, {"start": "00:03:05", "end": "00:03:10", "text": "basic fee. You follow that fee and find"}, {"start": "00:03:08", "end": "00:03:12", "text": "out does it actually go to the users to"}, {"start": "00:03:10", "end": "00:03:14", "text": "the company or into a DAO treasury or"}, {"start": "00:03:12", "end": "00:03:15", "text": "does it actually ever reach the token."}, {"start": "00:03:14", "end": "00:03:18", "text": "There's a difference between a great"}, {"start": "00:03:15", "end": "00:03:20", "text": "product and a great token. You have to"}, {"start": "00:03:18", "end": "00:03:22", "text": "ask yourself is the value proposition"}, {"start": "00:03:20", "end": "00:03:25", "text": "for any of these altcoins actually there"}, {"start": "00:03:22", "end": "00:03:28", "text": "yet. And the early numbers say yes. X42"}, {"start": "00:03:25", "end": "00:03:30", "text": "an open payment standard built a"}, {"start": "00:03:28", "end": "00:03:33", "text": "software can pay software reported more"}, {"start": "00:03:30", "end": "00:03:35", "text": "than 75 million transactions over a"}, {"start": "00:03:33", "end": "00:03:37", "text": "30-day window in its August snapshot."}, {"start": "00:03:35", "end": "00:03:40", "text": "And that's actually measuring payment"}, {"start": "00:03:37", "end": "00:03:42", "text": "activity and not unique AI agents. But"}, {"start": "00:03:40", "end": "00:03:43", "text": "it shows software native payment"}, {"start": "00:03:42", "end": "00:03:45", "text": "infrastructures getting used and"}, {"start": "00:03:43", "end": "00:03:48", "text": "growing. And just two days after the"}, {"start": "00:03:45", "end": "00:03:50", "text": "Clarity Act fell short in the Senate,"}, {"start": "00:03:48", "end": "00:03:54", "text": "the SEC issued its temporary innovation"}, {"start": "00:03:50", "end": "00:03:56", "text": "exemption for trading tokenized stocks"}, {"start": "00:03:54", "end": "00:03:59", "text": "and permission venues. The protections"}, {"start": "00:03:56", "end": "00:04:01", "text": "in this are limited, yes, but the wall"}, {"start": "00:03:59", "end": "00:04:03", "text": "around what's blocked crypto from taking"}, {"start": "00:04:01", "end": "00:04:05", "text": "over the world of finance is beginning"}, {"start": "00:04:03", "end": "00:04:07", "text": "to crack. And speaking of walls and"}, {"start": "00:04:05", "end": "00:04:10", "text": "structural integrity, let me make this"}, {"start": "00:04:07", "end": "00:04:13", "text": "very concrete. You picture a workflow, a"}, {"start": "00:04:10", "end": "00:04:15", "text": "hypothetical workflow. Rather than one"}, {"start": "00:04:13", "end": "00:04:17", "text": "verified end to end integration, your"}, {"start": "00:04:15", "end": "00:04:20", "text": "agent sees idle dollars sitting in your"}, {"start": "00:04:17", "end": "00:04:22", "text": "wallet and paids for just a few cents of"}, {"start": "00:04:20", "end": "00:04:24", "text": "chain linked for a price check. It"}, {"start": "00:04:22", "end": "00:04:27", "text": "compares variable lending on a with"}, {"start": "00:04:24", "end": "00:04:28", "text": "fixed yields and those opportunities on"}, {"start": "00:04:27", "end": "00:04:31", "text": "things like Pendle, weighing the"}, {"start": "00:04:28", "end": "00:04:34", "text": "maturity and the risk alongside the rate"}, {"start": "00:04:31", "end": "00:04:37", "text": "of return. You also hold some Ethereum,"}, {"start": "00:04:34", "end": "00:04:40", "text": "so it hedges that price risk on"}, {"start": "00:04:37", "end": "00:04:42", "text": "hyperlquid. Across the board, there are"}, {"start": "00:04:40", "end": "00:04:44", "text": "so many useful tools for these AI agents"}, {"start": "00:04:42", "end": "00:04:47", "text": "to take advantage of. The ground is ripe"}, {"start": "00:04:44", "end": "00:04:49", "text": "for taking on this AI agent monetary"}, {"start": "00:04:47", "end": "00:04:51", "text": "takeover. But there will be a battle"}, {"start": "00:04:49", "end": "00:04:53", "text": "along the way against the infrastructure"}, {"start": "00:04:51", "end": "00:04:55", "text": "of banking that currently exists. These"}, {"start": "00:04:53", "end": "00:04:58", "text": "agents will be able to check positions"}, {"start": "00:04:55", "end": "00:05:00", "text": "and prices every single night and you"}, {"start": "00:04:58", "end": "00:05:03", "text": "sign off on the big moves what it makes"}, {"start": "00:05:00", "end": "00:05:04", "text": "inside the portfolio. Four different"}, {"start": "00:05:03", "end": "00:05:06", "text": "protocols can be evolved and now we have"}, {"start": "00:05:04", "end": "00:05:09", "text": "to follow the money through each one of"}, {"start": "00:05:06", "end": "00:05:12", "text": "them. A hyperlquid pendle and chain"}, {"start": "00:05:09", "end": "00:05:16", "text": "link. Now we have a for the lending"}, {"start": "00:05:12", "end": "00:05:18", "text": "sector with fees accured and the a dao."}, {"start": "00:05:16", "end": "00:05:21", "text": "So, where borrowers pay interest,"}, {"start": "00:05:18", "end": "00:05:25", "text": "depositors get most of that payment, and"}, {"start": "00:05:21", "end": "00:05:27", "text": "a keeps a cut that goes to the A DAO."}, {"start": "00:05:25", "end": "00:05:29", "text": "Now, Ave already has an official AI tool"}, {"start": "00:05:27", "end": "00:05:32", "text": "that it uses to read the market and"}, {"start": "00:05:29", "end": "00:05:34", "text": "build these unsigned transactions so"}, {"start": "00:05:32", "end": "00:05:37", "text": "that it never holds your actual keys."}, {"start": "00:05:34", "end": "00:05:40", "text": "For the holders, a ran buybacks for a"}, {"start": "00:05:37", "end": "00:05:42", "text": "year and bought more than 200,000 A"}, {"start": "00:05:40", "end": "00:05:44", "text": "tokens and put it into a reserve that's"}, {"start": "00:05:42", "end": "00:05:47", "text": "held and not burned. Those buybacks were"}, {"start": "00:05:44", "end": "00:05:50", "text": "paused in April though after the kelp"}, {"start": "00:05:47", "end": "00:05:52", "text": "Dow incident. It was an exploit that hit"}, {"start": "00:05:50", "end": "00:05:54", "text": "the markets and they're still paused as"}, {"start": "00:05:52", "end": "00:05:56", "text": "things sit. A new tokconomics plan with"}, {"start": "00:05:54", "end": "00:05:59", "text": "automated buybacks has been announced,"}, {"start": "00:05:56", "end": "00:06:02", "text": "but nothing is set in stone on that yet."}, {"start": "00:05:59", "end": "00:06:03", "text": "So today, the revenue into the Treasury"}, {"start": "00:06:02", "end": "00:06:06", "text": "and a holder switch waiting to be"}, {"start": "00:06:03", "end": "00:06:08", "text": "flipped. You're on the sidelines waiting"}, {"start": "00:06:06", "end": "00:06:11", "text": "for that switch, but they're working"}, {"start": "00:06:08", "end": "00:06:13", "text": "towards a lot of votes internally to"}, {"start": "00:06:11", "end": "00:06:16", "text": "make it happen. And I am interested to"}, {"start": "00:06:13", "end": "00:06:18", "text": "see the buybacks unpaused after that"}, {"start": "00:06:16", "end": "00:06:20", "text": "recent Kelp Dow incident. Next, let's"}, {"start": "00:06:18", "end": "00:06:22", "text": "look at Pendle. Pendle yield. It splits"}, {"start": "00:06:20", "end": "00:06:25", "text": "the yield from an asset so that you can"}, {"start": "00:06:22", "end": "00:06:26", "text": "lock a fixed rate on that. Exactly the"}, {"start": "00:06:25", "end": "00:06:29", "text": "kind of thing that your agent managing"}, {"start": "00:06:26", "end": "00:06:31", "text": "cash would want. It's official AI tools"}, {"start": "00:06:29", "end": "00:06:34", "text": "are in beta for now. And for holders,"}, {"start": "00:06:31", "end": "00:06:38", "text": "80% of Pendle's V2 yield and the swap"}, {"start": "00:06:34", "end": "00:06:39", "text": "fees are set aside to buy Pendle token."}, {"start": "00:06:38", "end": "00:06:42", "text": "And up to all of those repurchased"}, {"start": "00:06:39", "end": "00:06:45", "text": "tokens can go to active S Pendle"}, {"start": "00:06:42", "end": "00:06:47", "text": "holders. That's a staker payout, not a"}, {"start": "00:06:45", "end": "00:06:50", "text": "burn. In number three in this process is"}, {"start": "00:06:47", "end": "00:06:52", "text": "hyperlquid onchain per. And back in"}, {"start": "00:06:50", "end": "00:06:54", "text": "March, this project did something very"}, {"start": "00:06:52", "end": "00:06:57", "text": "special. Satrini research pointed this"}, {"start": "00:06:54", "end": "00:06:59", "text": "out. One of the only liquid places where"}, {"start": "00:06:57", "end": "00:07:01", "text": "you could price crude and oil over the"}, {"start": "00:06:59", "end": "00:07:04", "text": "weekend. In an environment where a"}, {"start": "00:07:01", "end": "00:07:05", "text": "Trump's tweet or a large release of"}, {"start": "00:07:04", "end": "00:07:07", "text": "whatever's going on in the Middle East"}, {"start": "00:07:05", "end": "00:07:10", "text": "comes out over the weekend, those prices"}, {"start": "00:07:07", "end": "00:07:12", "text": "move viciously. Traders were able to"}, {"start": "00:07:10", "end": "00:07:14", "text": "take advantage of that on Hyperlid"}, {"start": "00:07:12", "end": "00:07:17", "text": "directly. And here on Hyperlid, the"}, {"start": "00:07:14", "end": "00:07:19", "text": "route from revenue to token holders"}, {"start": "00:07:17", "end": "00:07:21", "text": "hands is most direct. Hyperlid's"}, {"start": "00:07:19", "end": "00:07:24", "text": "assistance fund converts its fees into"}, {"start": "00:07:21", "end": "00:07:27", "text": "Hype token and burn it. Defi Llama is"}, {"start": "00:07:24", "end": "00:07:30", "text": "counting about $70 million in holder"}, {"start": "00:07:27", "end": "00:07:33", "text": "revenue in the last 30 days alone. The"}, {"start": "00:07:30", "end": "00:07:35", "text": "last infrastructurally obvious yet"}, {"start": "00:07:33", "end": "00:07:37", "text": "maddening token in terms of price action"}, {"start": "00:07:35", "end": "00:07:40", "text": "we must include in this outlook is"}, {"start": "00:07:37", "end": "00:07:42", "text": "Chainlink. It's infrastructure. These"}, {"start": "00:07:40", "end": "00:07:44", "text": "agents need data that they can trust."}, {"start": "00:07:42", "end": "00:07:46", "text": "And Chainlink's agent gateway is in"}, {"start": "00:07:44", "end": "00:07:48", "text": "beta. It's going to let them pay per"}, {"start": "00:07:46", "end": "00:07:50", "text": "call. Chainlink converts that revenue"}, {"start": "00:07:48", "end": "00:07:52", "text": "straight into Chainlink tokens and holds"}, {"start": "00:07:50", "end": "00:07:55", "text": "it in a chain link reserve. Now, keep in"}, {"start": "00:07:52", "end": "00:07:57", "text": "mind this is a treasury and not a burn."}, {"start": "00:07:55", "end": "00:08:00", "text": "The staking rewards still come from new"}, {"start": "00:07:57", "end": "00:08:02", "text": "token emissions. Now, you start to see a"}, {"start": "00:08:00", "end": "00:08:05", "text": "pattern here of the projects highlighted"}, {"start": "00:08:02", "end": "00:08:07", "text": "in this process. Four useful businesses,"}, {"start": "00:08:05", "end": "00:08:10", "text": "four different routes to the token, a"}, {"start": "00:08:07", "end": "00:08:12", "text": "burn, a payout to stakers, a treasury,"}, {"start": "00:08:10", "end": "00:08:15", "text": "and a switch that's currently paused."}, {"start": "00:08:12", "end": "00:08:17", "text": "That's what the real winners means here."}, {"start": "00:08:15", "end": "00:08:19", "text": "Actual use case, real revenue, and a"}, {"start": "00:08:17", "end": "00:08:21", "text": "real route to get that value back to the"}, {"start": "00:08:19", "end": "00:08:23", "text": "token holders. These are the exact"}, {"start": "00:08:21", "end": "00:08:25", "text": "things that we need to watch. The bare"}, {"start": "00:08:23", "end": "00:08:26", "text": "market is going to be coming to a close"}, {"start": "00:08:25", "end": "00:08:29", "text": "over the course of the next six months"}, {"start": "00:08:26", "end": "00:08:31", "text": "to a year and value capture can change"}, {"start": "00:08:29", "end": "00:08:33", "text": "for these projects. A's buybacks were"}, {"start": "00:08:31", "end": "00:08:36", "text": "switched off after a major exploit."}, {"start": "00:08:33", "end": "00:08:38", "text": "Revenue sharing also is going to depend"}, {"start": "00:08:36", "end": "00:08:40", "text": "on a participation of the grander"}, {"start": "00:08:38", "end": "00:08:42", "text": "market, not basically just owning a"}, {"start": "00:08:40", "end": "00:08:44", "text": "ticker at the right time, the right"}, {"start": "00:08:42", "end": "00:08:45", "text": "place. This takes research and"}, {"start": "00:08:44", "end": "00:08:47", "text": "positioning to actually catch those"}, {"start": "00:08:45", "end": "00:08:50", "text": "great upswings. And the fact that this"}, {"start": "00:08:47", "end": "00:08:52", "text": "system isn't in place yet is exactly why"}, {"start": "00:08:50", "end": "00:08:54", "text": "it's a major opportunity. Most people"}, {"start": "00:08:52", "end": "00:08:56", "text": "will buy the narrative when it's already"}, {"start": "00:08:54", "end": "00:08:58", "text": "rolling. The edge is understanding the"}, {"start": "00:08:56", "end": "00:09:00", "text": "plumbing before that switch is flipped."}, {"start": "00:08:58", "end": "00:09:03", "text": "And so here's what comes next. We're"}, {"start": "00:09:00", "end": "00:09:06", "text": "making a full deep dive explainer video"}, {"start": "00:09:03", "end": "00:09:08", "text": "series on the top DeFi and AI projects."}, {"start": "00:09:06", "end": "00:09:10", "text": "What each one of these do, how they make"}, {"start": "00:09:08", "end": "00:09:12", "text": "money, and how their actual tokconomics"}, {"start": "00:09:10", "end": "00:09:14", "text": "work, so we can understand what the"}, {"start": "00:09:12", "end": "00:09:16", "text": "upside potential actually is. If you've"}, {"start": "00:09:14", "end": "00:09:18", "text": "been watching this channel, names like a"}, {"start": "00:09:16", "end": "00:09:21", "text": "hyperlquid, chain link and salana and"}, {"start": "00:09:18", "end": "00:09:22", "text": "unis swap will be familiar to you. Some"}, {"start": "00:09:21", "end": "00:09:25", "text": "of these projects that I will be"}, {"start": "00:09:22", "end": "00:09:27", "text": "covering over the next weeks will not"}, {"start": "00:09:25", "end": "00:09:29", "text": "and you could be one of the most"}, {"start": "00:09:27", "end": "00:09:30", "text": "interesting projects for us to hold in"}, {"start": "00:09:29", "end": "00:09:33", "text": "our portfolio along the way of this"}, {"start": "00:09:30", "end": "00:09:35", "text": "research path because this is where the"}, {"start": "00:09:33", "end": "00:09:37", "text": "real alpha and the potential for massive"}, {"start": "00:09:35", "end": "00:09:40", "text": "gain sits. and come and let me know"}, {"start": "00:09:37", "end": "00:09:42", "text": "inside Discover Crypto School community"}, {"start": "00:09:40", "end": "00:09:45", "text": "linked down below in the description"}, {"start": "00:09:42", "end": "00:09:46", "text": "which project should get the first major"}, {"start": "00:09:45", "end": "00:09:48", "text": "deep [music] dive. Appreciate you for"}, {"start": "00:09:46", "end": "00:09:52", "text": "joining me on this episode and I'll see"}, {"start": "00:09:48", "end": "00:09:52", "text": "you on the next one."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Price go up now where [music] you gone."}, {"start": "00:00:02", "end": "00:00:08", "text": "Burn burn. Bears get burned. Still no"}, {"start": "00:00:05", "end": "00:00:11", "text": "lesson never learned. Sailor by the"}, {"start": "00:00:08", "end": "00:00:14", "text": "[music] tables turn. Bitcoin rise. Beers"}, {"start": "00:00:11", "end": "00:00:14", "text": "get burned."}, {"start": "00:00:15", "end": "00:00:19", "text": ">> Welcome in to discover crypto where we"}, {"start": "00:00:17", "end": "00:00:22", "text": "discover what it feels to mean pain."}, {"start": "00:00:19", "end": "00:00:25", "text": "Today, this morning, prices are dipping,"}, {"start": "00:00:22", "end": "00:00:28", "text": "CPI inflation is roaring, and Bitcoin"}, {"start": "00:00:25", "end": "00:00:31", "text": "isn't having fun for the time being. My"}, {"start": "00:00:28", "end": "00:00:33", "text": "god, is this the dip worth buying? That"}, {"start": "00:00:31", "end": "00:00:35", "text": "is the question. I see the chat. Where"}, {"start": "00:00:33", "end": "00:00:37", "text": "are the support lines? Where in the hell"}, {"start": "00:00:35", "end": "00:00:39", "text": "does the pain stop? We're going to take"}, {"start": "00:00:37", "end": "00:00:41", "text": "a look at all of that on many, many"}, {"start": "00:00:39", "end": "00:00:44", "text": "different charts. And honestly, one of"}, {"start": "00:00:41", "end": "00:00:45", "text": "the bigger macroeconomic predictions"}, {"start": "00:00:44", "end": "00:00:49", "text": "that I've made over the last 3 to four"}, {"start": "00:00:45", "end": "00:00:51", "text": "years that most of these PhD economists"}, {"start": "00:00:49", "end": "00:00:54", "text": "have disregarded and argued with me till"}, {"start": "00:00:51", "end": "00:00:57", "text": "the cows come home is now being even"}, {"start": "00:00:54", "end": "00:01:00", "text": "further proven to be true, playing"}, {"start": "00:00:57", "end": "00:01:04", "text": "itself out, which leads us to a"}, {"start": "00:01:00", "end": "00:01:05", "text": "terrifying potential for how far this"}, {"start": "00:01:04", "end": "00:01:08", "text": "fiat currency of ours that we know as"}, {"start": "00:01:05", "end": "00:01:09", "text": "the US dollar might actually fall in"}, {"start": "00:01:08", "end": "00:01:11", "text": "terms of buying power over the the next"}, {"start": "00:01:09", "end": "00:01:15", "text": "few years. But good morning everyone. We"}, {"start": "00:01:11", "end": "00:01:18", "text": "have Bitcoin dumping down to 819. TJ's"}, {"start": "00:01:15", "end": "00:01:19", "text": "concerned. We had a huge occurrence"}, {"start": "00:01:18", "end": "00:01:20", "text": "here."}, {"start": "00:01:19", "end": "00:01:21", "text": ">> Concerned about what? What am I"}, {"start": "00:01:20", "end": "00:01:23", "text": "concerned about?"}, {"start": "00:01:21", "end": "00:01:26", "text": ">> Dicky Schuler. Dicky [laughter] Scheler."}, {"start": "00:01:23", "end": "00:01:27", "text": "He's no longer with us. Richard Hart."}, {"start": "00:01:26", "end": "00:01:29", "text": ">> Richard Hart."}, {"start": "00:01:27", "end": "00:01:30", "text": ">> Oh my god. Taken into custody."}, {"start": "00:01:29", "end": "00:01:31", "text": "[clears throat]"}, {"start": "00:01:30", "end": "00:01:33", "text": ">> What? Richard James Scheler. Yeah. Got"}, {"start": "00:01:31", "end": "00:01:34", "text": "that. They finally caught up. Was it"}, {"start": "00:01:33", "end": "00:01:37", "text": "Turkey that got him in? Does it say?"}, {"start": "00:01:34", "end": "00:01:40", "text": ">> Yeah. Turkey got him and he was one of"}, {"start": "00:01:37", "end": "00:01:42", "text": "my Interpol. uh a couple small"}, {"start": "00:01:40", "end": "00:01:45", "text": "allegations like it was like uh assault"}, {"start": "00:01:42", "end": "00:01:49", "text": "against a 16-year-old and then"}, {"start": "00:01:45", "end": "00:01:50", "text": "aggravated tax evasion and fraud. Uh"}, {"start": "00:01:49", "end": "00:01:52", "text": "what"}, {"start": "00:01:50", "end": "00:01:54", "text": ">> inter couple minor things. Yeah, assault"}, {"start": "00:01:52", "end": "00:01:55", "text": "of a minor, you know, stealing"}, {"start": "00:01:54", "end": "00:01:57", "text": "everybody's money,"}, {"start": "00:01:55", "end": "00:01:59", "text": ">> defrauding an entire generation of low"}, {"start": "00:01:57", "end": "00:02:00", "text": "IQ people, I guess. You know, I don't"}, {"start": "00:01:59", "end": "00:02:03", "text": "know what the hexacans have to say."}, {"start": "00:02:00", "end": "00:02:05", "text": "They're probably they'll probably spin"}, {"start": "00:02:03", "end": "00:02:07", "text": "this as bullish, you know. Sorry. you"}, {"start": "00:02:05", "end": "00:02:10", "text": "know, like I've never met a more"}, {"start": "00:02:07", "end": "00:02:12", "text": "delusional group of people than uh the"}, {"start": "00:02:10", "end": "00:02:14", "text": "Hex community, but hey,"}, {"start": "00:02:12", "end": "00:02:16", "text": ">> you know, this is there is some justice"}, {"start": "00:02:14", "end": "00:02:18", "text": "in the world. So,"}, {"start": "00:02:16", "end": "00:02:20", "text": ">> it's not looking good for Hex. It's not"}, {"start": "00:02:18", "end": "00:02:24", "text": "looking good for Hex. I got to say it's"}, {"start": "00:02:20", "end": "00:02:27", "text": "down about uh 30% on the day. So, lots"}, {"start": "00:02:24", "end": "00:02:30", "text": "of pain on a chart that basically has"}, {"start": "00:02:27", "end": "00:02:30", "text": "already accomplished zero there. So, not"}, {"start": "00:02:30", "end": "00:02:33", "text": "a great"}, {"start": "00:02:30", "end": "00:02:35", "text": ">> lot of pain on a chart that only knows"}, {"start": "00:02:33", "end": "00:02:37", "text": "pain. Yeah, that's crazy to see. And you"}, {"start": "00:02:35", "end": "00:02:39", "text": "know what, and I'll talk to you about"}, {"start": "00:02:37", "end": "00:02:41", "text": "this. Nobody wants to be the main"}, {"start": "00:02:39", "end": "00:02:43", "text": "character in crypto anymore. It's not"}, {"start": "00:02:41", "end": "00:02:44", "text": "wise to be the main character in crypto."}, {"start": "00:02:43", "end": "00:02:46", "text": "You just don't want to do it."}, {"start": "00:02:44", "end": "00:02:47", "text": ">> Time is limited if you're the main"}, {"start": "00:02:46", "end": "00:02:47", "text": "character. You want to be"}, {"start": "00:02:47", "end": "00:02:49", "text": ">> Yes."}, {"start": "00:02:47", "end": "00:02:51", "text": ">> Uh supporting cast at best, you know,"}, {"start": "00:02:49", "end": "00:02:52", "text": "and even that can be a little dicey"}, {"start": "00:02:51", "end": "00:02:53", "text": "sometimes. So,"}, {"start": "00:02:52", "end": "00:02:55", "text": ">> absolutely. Absolutely. All of a sudden,"}, {"start": "00:02:53", "end": "00:02:58", "text": "you're in the Bahamas chasing Sam"}, {"start": "00:02:55", "end": "00:03:00", "text": "Bankman Freed around. Now, let's I got"}, {"start": "00:02:58", "end": "00:03:03", "text": "to stop. What is my problem? Let's go"}, {"start": "00:03:00", "end": "00:03:05", "text": "look at the larger crypto market. I"}, {"start": "00:03:03", "end": "00:03:08", "text": "don't think it's too bad. Couple"}, {"start": "00:03:05", "end": "00:03:09", "text": "altcoins are still doing decent. Um I am"}, {"start": "00:03:08", "end": "00:03:12", "text": "going to talk about a project that I"}, {"start": "00:03:09", "end": "00:03:14", "text": "actually bought this week here and I"}, {"start": "00:03:12", "end": "00:03:16", "text": "just I gave the pro like first TJ"}, {"start": "00:03:14", "end": "00:03:18", "text": "brought this project to my attention"}, {"start": "00:03:16", "end": "00:03:19", "text": "then I gave it to the robot. I"}, {"start": "00:03:18", "end": "00:03:21", "text": "remembered and we even covered it on the"}, {"start": "00:03:19", "end": "00:03:23", "text": "basement years ago and it's"}, {"start": "00:03:21", "end": "00:03:25", "text": ">> we've talked about it once or twice some"}, {"start": "00:03:23", "end": "00:03:27", "text": "on the stream. Not a ton but some."}, {"start": "00:03:25", "end": "00:03:28", "text": ">> I don't we did a I think we did a whole"}, {"start": "00:03:27", "end": "00:03:29", "text": "upload on it, didn't we?"}, {"start": "00:03:28", "end": "00:03:31", "text": ">> We did. Yeah, we did."}, {"start": "00:03:29", "end": "00:03:34", "text": ">> Probably should do another one. We"}, {"start": "00:03:31", "end": "00:03:37", "text": "absolutely should. XDC is up. There's a"}, {"start": "00:03:34", "end": "00:03:39", "text": "thing for the ISO peeps. We got Tron,"}, {"start": "00:03:37", "end": "00:03:42", "text": "Southeast Asia waking up. STAX, a little"}, {"start": "00:03:39", "end": "00:03:46", "text": "bit of Bitcoin, DeFi holding strong."}, {"start": "00:03:42", "end": "00:03:48", "text": "STAX is up 59% on the month and up 2.9%"}, {"start": "00:03:46", "end": "00:03:50", "text": "on the day even with this big market"}, {"start": "00:03:48", "end": "00:03:52", "text": "pullback. And Monero, someone moving"}, {"start": "00:03:50", "end": "00:03:54", "text": "some funds through Monero. Shout out."}, {"start": "00:03:52", "end": "00:03:55", "text": "Now, let's look at the losers here."}, {"start": "00:03:54", "end": "00:03:57", "text": "Yeah, that's what I'm I'm interested in"}, {"start": "00:03:55", "end": "00:03:59", "text": "the losers on day like today because I"}, {"start": "00:03:57", "end": "00:04:01", "text": "want to look for things strong projects"}, {"start": "00:03:59", "end": "00:04:03", "text": "that I like that are down more than my"}, {"start": "00:04:01", "end": "00:04:05", "text": "Bitcoin or ETH. Uh or you know,"}, {"start": "00:04:03", "end": "00:04:07", "text": "obviously I've even got some dollars"}, {"start": "00:04:05", "end": "00:04:11", "text": "that I could deploy on days like today."}, {"start": "00:04:07", "end": "00:04:12", "text": "Um but yeah, looking at that list,"}, {"start": "00:04:11", "end": "00:04:14", "text": "I've got a little bit of Radium and"}, {"start": "00:04:12", "end": "00:04:16", "text": "Jupiter. I feel I feel like I should"}, {"start": "00:04:14", "end": "00:04:19", "text": "pick one or the other. Um but yeah, I"}, {"start": "00:04:16", "end": "00:04:20", "text": "mean Sky down. Etherfi, that's a that's"}, {"start": "00:04:19", "end": "00:04:23", "text": "a little bit of a sleeper that we don't"}, {"start": "00:04:20", "end": "00:04:25", "text": "talk about enough. I feel like is is"}, {"start": "00:04:23", "end": "00:04:27", "text": "down pretty strong. You got Unis swap"}, {"start": "00:04:25", "end": "00:04:29", "text": "not down that much 5% but still more"}, {"start": "00:04:27", "end": "00:04:30", "text": "than Ethereum"}, {"start": "00:04:29", "end": "00:04:33", "text": ">> closer to that $7 mark though that I was"}, {"start": "00:04:30", "end": "00:04:36", "text": "talking about that buy box at 6 to7"}, {"start": "00:04:33", "end": "00:04:37", "text": "bucks on unis swap is almost there. Uh"}, {"start": "00:04:36", "end": "00:04:39", "text": "very very interesting."}, {"start": "00:04:37", "end": "00:04:40", "text": ">> There you go. Here it is. Yeah, Greg"}, {"start": "00:04:39", "end": "00:04:44", "text": "Greg must be paying attention. I have an"}, {"start": "00:04:40", "end": "00:04:46", "text": "order for 475 on near 7 on UNI. I think"}, {"start": "00:04:44", "end": "00:04:48", "text": "those are reasonable targets. I mean you"}, {"start": "00:04:46", "end": "00:04:49", "text": "you you snabbed 450 on near recently,"}, {"start": "00:04:48", "end": "00:04:53", "text": "right?"}, {"start": "00:04:49", "end": "00:04:55", "text": ">> Yeah. And 450 came quick on near. It's"}, {"start": "00:04:53", "end": "00:04:56", "text": "absolutely potential it retaps and"}, {"start": "00:04:55", "end": "00:04:59", "text": "honestly I'm going to be a really"}, {"start": "00:04:56", "end": "00:05:03", "text": "excited guy. This is where it's like I'm"}, {"start": "00:04:59", "end": "00:05:06", "text": "in the zone where my macro is on point"}, {"start": "00:05:03", "end": "00:05:08", "text": "and I feel like between me and you TJ"}, {"start": "00:05:06", "end": "00:05:11", "text": "and that robot and our team"}, {"start": "00:05:08", "end": "00:05:13", "text": ">> the general area that we've picked to"}, {"start": "00:05:11", "end": "00:05:15", "text": "choose and to kind of hammer AI and"}, {"start": "00:05:13", "end": "00:05:16", "text": "DeFi, it's right on the money. I feel"}, {"start": "00:05:15", "end": "00:05:18", "text": "like we're"}, {"start": "00:05:16", "end": "00:05:19", "text": ">> we're right on the line with the good"}, {"start": "00:05:18", "end": "00:05:20", "text": "stuff. So,"}, {"start": "00:05:19", "end": "00:05:22", "text": ">> will it go low? I just want to answer"}, {"start": "00:05:20", "end": "00:05:23", "text": "this guy though. Could potentially go"}, {"start": "00:05:22", "end": "00:05:24", "text": "lower. We're going to look at the levels"}, {"start": "00:05:23", "end": "00:05:26", "text": "and stuff like that today. I mean,"}, {"start": "00:05:24", "end": "00:05:28", "text": "obviously CPI, you mentioned in the"}, {"start": "00:05:26", "end": "00:05:30", "text": "intro, came out hot. We're going to get"}, {"start": "00:05:28", "end": "00:05:31", "text": "into that a little bit later and kind of"}, {"start": "00:05:30", "end": "00:05:33", "text": "where all this goes. But real quick, go"}, {"start": "00:05:31", "end": "00:05:35", "text": "back to the coin market cap because I"}, {"start": "00:05:33", "end": "00:05:36", "text": "want to hear from the chat what what's"}, {"start": "00:05:35", "end": "00:05:38", "text": "on your buy, you know, what's on your"}, {"start": "00:05:36", "end": "00:05:40", "text": "shopping list? What's on your wish list"}, {"start": "00:05:38", "end": "00:05:42", "text": "when everything's on sale? You know,"}, {"start": "00:05:40", "end": "00:05:43", "text": "what coins are you watching? Are you are"}, {"start": "00:05:42", "end": "00:05:44", "text": "you trying to scoop some unis swap? Is"}, {"start": "00:05:43", "end": "00:05:46", "text": "that why you're highlighting it?"}, {"start": "00:05:44", "end": "00:05:48", "text": ">> Yeah, I mean, that's that's the first"}, {"start": "00:05:46", "end": "00:05:50", "text": "and foremost out of the biggest losers"}, {"start": "00:05:48", "end": "00:05:52", "text": "today. UniS swap is the one that's"}, {"start": "00:05:50", "end": "00:05:54", "text": "sticking out to me. You know, a lot of"}, {"start": "00:05:52", "end": "00:05:56", "text": "people come at me and they're like, why"}, {"start": "00:05:54", "end": "00:05:57", "text": "isn't he buying more Canton network?"}, {"start": "00:05:56", "end": "00:06:00", "text": "It's like, I don't know. I bought some"}, {"start": "00:05:57", "end": "00:06:01", "text": "of it cheap and I want to see what it"}, {"start": "00:06:00", "end": "00:06:03", "text": "does. You know, I'm not going to"}, {"start": "00:06:01", "end": "00:06:06", "text": "overallocate to Canton Network."}, {"start": "00:06:03", "end": "00:06:09", "text": ">> It's already a pretty large market cap."}, {"start": "00:06:06", "end": "00:06:11", "text": "Um, but unis swap is first and foremost"}, {"start": "00:06:09", "end": "00:06:15", "text": "on my buy list. And then right behind"}, {"start": "00:06:11", "end": "00:06:17", "text": "that, honestly, like Athena has has my"}, {"start": "00:06:15", "end": "00:06:20", "text": "ears perked up. I'm like, maybe Athena"}, {"start": "00:06:17", "end": "00:06:23", "text": "makes a move, but I think out of all of"}, {"start": "00:06:20", "end": "00:06:25", "text": "these, Uniswap is first and foremost."}, {"start": "00:06:23", "end": "00:06:28", "text": "Hyperlid also. Yeah, Hyperlid's coming"}, {"start": "00:06:25", "end": "00:06:30", "text": "back down to the uh $80 range. This"}, {"start": "00:06:28", "end": "00:06:33", "text": "actually might be something I forgot to"}, {"start": "00:06:30", "end": "00:06:35", "text": "tell you about, TJ, is uh Hyperlid, I"}, {"start": "00:06:33", "end": "00:06:39", "text": "know it's coming around Oh, it's under"}, {"start": "00:06:35", "end": "00:06:40", "text": "$80 right now. It's $79."}, {"start": "00:06:39", "end": "00:06:42", "text": ">> This is that bump and run process we're"}, {"start": "00:06:40", "end": "00:06:44", "text": "looking for kind of playing out."}, {"start": "00:06:42", "end": "00:06:46", "text": ">> Somebody said hex. What a troll."}, {"start": "00:06:44", "end": "00:06:46", "text": ">> Yeah. Uh,"}, {"start": "00:06:46", "end": "00:06:48", "text": ">> unbelievable."}, {"start": "00:06:46", "end": "00:06:49", "text": ">> Arrow. So, I've got I've got my eye on"}, {"start": "00:06:48", "end": "00:06:51", "text": "some more Arrow right now. Going back"}, {"start": "00:06:49", "end": "00:06:53", "text": "and forth. I've got a fat bag already,"}, {"start": "00:06:51", "end": "00:06:55", "text": "but uh I think it's, you know, they're"}, {"start": "00:06:53", "end": "00:06:56", "text": "just they've got really good stuff"}, {"start": "00:06:55", "end": "00:06:59", "text": "coming out. They've got that"}, {"start": "00:06:56", "end": "00:07:00", "text": "announcement on the 21st coming or the"}, {"start": "00:06:59", "end": "00:07:03", "text": "merge and all that sort of stuff. I have"}, {"start": "00:07:00", "end": "00:07:04", "text": "a feeling I'm kind of waiting on locks."}, {"start": "00:07:03", "end": "00:07:05", "text": "I've got some more that I'm want to"}, {"start": "00:07:04", "end": "00:07:07", "text": "lock, but I have a feeling they might do"}, {"start": "00:07:05", "end": "00:07:12", "text": "some more incentives. And they just keep"}, {"start": "00:07:07", "end": "00:07:13", "text": "adding revenue streams. And, you know, a"}, {"start": "00:07:12", "end": "00:07:16", "text": "looking extremely bullish. One thing I"}, {"start": "00:07:13", "end": "00:07:20", "text": "did notice that made me kind of pause on"}, {"start": "00:07:16", "end": "00:07:24", "text": "Morpho a little bit was um some"}, {"start": "00:07:20", "end": "00:07:26", "text": "tokenized rewards on or some rewards on"}, {"start": "00:07:24", "end": "00:07:28", "text": "tokenized stocks on base being"}, {"start": "00:07:26", "end": "00:07:30", "text": "administered through a"}, {"start": "00:07:28", "end": "00:07:32", "text": ">> which I thought was interesting that"}, {"start": "00:07:30", "end": "00:07:34", "text": "this is a you know not something that"}, {"start": "00:07:32", "end": "00:07:35", "text": "Morpho was able to take advantage of"}, {"start": "00:07:34", "end": "00:07:36", "text": "right"}, {"start": "00:07:35", "end": "00:07:41", "text": ">> even though they're closely associated"}, {"start": "00:07:36", "end": "00:07:42", "text": "with Bass and Coinbase. So, um, yeah,"}, {"start": "00:07:41", "end": "00:07:44", "text": "there's so many good projects out there"}, {"start": "00:07:42", "end": "00:07:47", "text": "right now. So, yeah, I I think these"}, {"start": "00:07:44", "end": "00:07:49", "text": "dips are made for buyin. Uh, what do I"}, {"start": "00:07:47", "end": "00:07:51", "text": "think about canon? To be honest, I I"}, {"start": "00:07:49", "end": "00:07:53", "text": "don't think about Canton a ton. I, uh,"}, {"start": "00:07:51", "end": "00:07:55", "text": "for whatever reason, I I guess I've"}, {"start": "00:07:53", "end": "00:07:57", "text": "taken a wait and see approach. Strong."}, {"start": "00:07:55", "end": "00:07:58", "text": "Not saying, I'm not trying to FUD it,"}, {"start": "00:07:57", "end": "00:08:00", "text": "you know, great project as far as I can"}, {"start": "00:07:58", "end": "00:08:02", "text": "tell. It has good metrics. They're doing"}, {"start": "00:08:00", "end": "00:08:04", "text": "good things. It's newer. It just"}, {"start": "00:08:02", "end": "00:08:07", "text": "doesn't. Again, I haven't been going"}, {"start": "00:08:04", "end": "00:08:08", "text": "heavy into the RWA, so I haven't, full"}, {"start": "00:08:07", "end": "00:08:11", "text": "disclosure, haven't spent a ton of time"}, {"start": "00:08:08", "end": "00:08:12", "text": "digging into it. I do know it's a leader"}, {"start": "00:08:11", "end": "00:08:15", "text": "of what it does. It's, you know, it's"}, {"start": "00:08:12", "end": "00:08:18", "text": "got good momentum. I I believe it's"}, {"start": "00:08:15", "end": "00:08:21", "text": "mostly circulating supply. Um, you know,"}, {"start": "00:08:18", "end": "00:08:24", "text": "so I'm I'm really"}, {"start": "00:08:21", "end": "00:08:27", "text": "focused in on AI and DeFi, you know, you"}, {"start": "00:08:24", "end": "00:08:29", "text": "guys know that. and ones that have"}, {"start": "00:08:27", "end": "00:08:30", "text": "close to fully circulating supply, you"}, {"start": "00:08:29", "end": "00:08:32", "text": "know, decent tokconomics and that sort"}, {"start": "00:08:30", "end": "00:08:34", "text": "of stuff where the tokconomics are"}, {"start": "00:08:32", "end": "00:08:36", "text": "heading in a positive direction and"}, {"start": "00:08:34", "end": "00:08:38", "text": "maybe it's been beaten down for a long"}, {"start": "00:08:36", "end": "00:08:39", "text": "time and that's again a has performed"}, {"start": "00:08:38", "end": "00:08:41", "text": "extremely well for me and I just see it"}, {"start": "00:08:39", "end": "00:08:44", "text": "getting more and more and more"}, {"start": "00:08:41", "end": "00:08:46", "text": "integrated and less competition. You"}, {"start": "00:08:44", "end": "00:08:50", "text": "know, it's got a huge lending and"}, {"start": "00:08:46", "end": "00:08:53", "text": "borrowing huge um market, right? Huge"}, {"start": "00:08:50", "end": "00:08:55", "text": "demand for it. seems like it's going to"}, {"start": "00:08:53", "end": "00:08:58", "text": "be growing exponentially when all these"}, {"start": "00:08:55", "end": "00:09:01", "text": "things get tokenized. Whereas RWAS,"}, {"start": "00:08:58", "end": "00:09:02", "text": "you've got a lot of fighters on it. So,"}, {"start": "00:09:01", "end": "00:09:04", "text": ">> yeah,"}, {"start": "00:09:02", "end": "00:09:07", "text": ">> I do have a little bit of Avalanche"}, {"start": "00:09:04", "end": "00:09:09", "text": "still. I I haven't, you know, called it"}, {"start": "00:09:07", "end": "00:09:12", "text": "on Avalanche yet. So, I guess that's my"}, {"start": "00:09:09", "end": "00:09:14", "text": "that's my RWA exposure. Um like Stellar,"}, {"start": "00:09:12", "end": "00:09:15", "text": "you know, like Canton Stellar. I mean,"}, {"start": "00:09:14", "end": "00:09:17", "text": "you can go down that list. I think it's"}, {"start": "00:09:15", "end": "00:09:18", "text": "fine. I just for whatever reason haven't"}, {"start": "00:09:17", "end": "00:09:21", "text": "drilled in on it. So"}, {"start": "00:09:18", "end": "00:09:23", "text": ">> yeah, Avalanche fell under that $10 mark"}, {"start": "00:09:21", "end": "00:09:24", "text": "we were hoping to see turn into support"}, {"start": "00:09:23", "end": "00:09:26", "text": "as well."}, {"start": "00:09:24", "end": "00:09:28", "text": ">> So it's still kind of in a headwind"}, {"start": "00:09:26", "end": "00:09:30", "text": "zone. One thing about Canton that kind"}, {"start": "00:09:28", "end": "00:09:32", "text": "of struck me as you were talking. Um"}, {"start": "00:09:30", "end": "00:09:33", "text": "this is part of it too. I'm doing the"}, {"start": "00:09:32", "end": "00:09:35", "text": "same thing till I'm sticking with"}, {"start": "00:09:33", "end": "00:09:37", "text": "projects I'm holding and only adding to"}, {"start": "00:09:35", "end": "00:09:40", "text": "those bags. Nothing new when narrative"}, {"start": "00:09:37", "end": "00:09:42", "text": "come and go because same I'm I'm really"}, {"start": "00:09:40", "end": "00:09:43", "text": "trying to concentrate in which is again"}, {"start": "00:09:42", "end": "00:09:45", "text": "what I'm teach I'm trying to really"}, {"start": "00:09:43", "end": "00:09:47", "text": "practice what we teach in school. You"}, {"start": "00:09:45", "end": "00:09:49", "text": "know what our operating system does is"}, {"start": "00:09:47", "end": "00:09:51", "text": "it teaches you to to lean into"}, {"start": "00:09:49", "end": "00:09:53", "text": "concentration on the ones that you have"}, {"start": "00:09:51", "end": "00:09:55", "text": "the highest conviction in. So"}, {"start": "00:09:53", "end": "00:09:56", "text": ">> I can understand reading about stuff,"}, {"start": "00:09:55", "end": "00:09:59", "text": "getting excited, and wanting to get"}, {"start": "00:09:56", "end": "00:10:02", "text": "spread out. And you know, there's some"}, {"start": "00:09:59", "end": "00:10:04", "text": "merit in that, but really where I'm at"}, {"start": "00:10:02", "end": "00:10:06", "text": "now is highly concentrating into the"}, {"start": "00:10:04", "end": "00:10:11", "text": "ones that I think are going to perform"}, {"start": "00:10:06", "end": "00:10:14", "text": "well. And I'm I'm still I love risk. I'm"}, {"start": "00:10:11", "end": "00:10:17", "text": "never going to get away from risk, but"}, {"start": "00:10:14", "end": "00:10:20", "text": "you know, uh, wisdom, conventional"}, {"start": "00:10:17", "end": "00:10:22", "text": "wisdom would say I should be looking for"}, {"start": "00:10:20", "end": "00:10:25", "text": "conservative,"}, {"start": "00:10:22", "end": "00:10:27", "text": "you know, 3xs, 4x's for me personally,"}, {"start": "00:10:25", "end": "00:10:28", "text": "this is not advice for you, this is just"}, {"start": "00:10:27", "end": "00:10:32", "text": "me personally."}, {"start": "00:10:28", "end": "00:10:34", "text": ">> Um, and minimizing risk. And so Canton,"}, {"start": "00:10:32", "end": "00:10:36", "text": "for whatever reason, I guess cuz it's"}, {"start": "00:10:34", "end": "00:10:38", "text": "newer, higher competition, less a lot"}, {"start": "00:10:36", "end": "00:10:40", "text": "more unknowns with all that sort of"}, {"start": "00:10:38", "end": "00:10:41", "text": "stuff. Uh, doesn't quite fit that"}, {"start": "00:10:40", "end": "00:10:43", "text": "category for me. Uh,"}, {"start": "00:10:41", "end": "00:10:44", "text": ">> you know, I had a thought about Canton"}, {"start": "00:10:43", "end": "00:10:45", "text": "as we're talking though."}, {"start": "00:10:44", "end": "00:10:47", "text": ">> And what do you think about this? Want"}, {"start": "00:10:45", "end": "00:10:48", "text": "to add one more coin in my bag, Knight"}, {"start": "00:10:47", "end": "00:10:51", "text": "or Uni?"}, {"start": "00:10:48", "end": "00:10:54", "text": ">> Oh, Uni. I going after Uni."}, {"start": "00:10:51", "end": "00:10:57", "text": ">> Uni. Oh, chat. Chad agrees. Canton does"}, {"start": "00:10:54", "end": "00:10:59", "text": "treasury repos and is involved with the"}, {"start": "00:10:57", "end": "00:11:02", "text": "treasury market"}, {"start": "00:10:59", "end": "00:11:05", "text": "and I can see a lot of repossessions"}, {"start": "00:11:02", "end": "00:11:07", "text": "happening if the macroeconomic calendar"}, {"start": "00:11:05", "end": "00:11:10", "text": "I have which I'll show during the show"}, {"start": "00:11:07", "end": "00:11:13", "text": "again does play out lots of treasury"}, {"start": "00:11:10", "end": "00:11:15", "text": "repos would be occurring right and so"}, {"start": "00:11:13", "end": "00:11:17", "text": ">> that is kind of like the chaos factor"}, {"start": "00:11:15", "end": "00:11:19", "text": "approach of this project it's"}, {"start": "00:11:17", "end": "00:11:20", "text": ">> you have to have and that's my own"}, {"start": "00:11:19", "end": "00:11:22", "text": "approach a lot of people are like oh"}, {"start": "00:11:20", "end": "00:11:23", "text": "it's just the new way all money's going"}, {"start": "00:11:22", "end": "00:11:25", "text": "to move and all this stuff because it's"}, {"start": "00:11:23", "end": "00:11:27", "text": "the first with Swift and DTCC or yada"}, {"start": "00:11:25", "end": "00:11:29", "text": "yada yada. I think that treasury repo"}, {"start": "00:11:27", "end": "00:11:30", "text": "market is something very interesting."}, {"start": "00:11:29", "end": "00:11:32", "text": ">> It's true."}, {"start": "00:11:30", "end": "00:11:35", "text": ">> It is also tied to politics and that's"}, {"start": "00:11:32", "end": "00:11:39", "text": "another I try to stay away from projects"}, {"start": "00:11:35", "end": "00:11:41", "text": "that the winner gets decided by polit"}, {"start": "00:11:39", "end": "00:11:43", "text": "politics or regulation, you know, like I"}, {"start": "00:11:41", "end": "00:11:45", "text": "kind of do I kind of lean into ones"}, {"start": "00:11:43", "end": "00:11:48", "text": "where it's like network effects within"}, {"start": "00:11:45", "end": "00:11:49", "text": "business. Like I said, a is fully"}, {"start": "00:11:48", "end": "00:11:51", "text": "integrated with pretty much all"}, {"start": "00:11:49", "end": "00:11:52", "text": "products. They're at the Federal"}, {"start": "00:11:51", "end": "00:11:53", "text": "Reserve. They're in with Coinbase."}, {"start": "00:11:52", "end": "00:11:56", "text": "They're in at the White House, you know."}, {"start": "00:11:53", "end": "00:11:58", "text": "So, like that level of politics I'm"}, {"start": "00:11:56", "end": "00:12:02", "text": "interested in. But whether it's going to"}, {"start": "00:11:58", "end": "00:12:04", "text": "be, you know, versus Canton versus"}, {"start": "00:12:02", "end": "00:12:06", "text": "Stellar and, you know, who's going to"}, {"start": "00:12:04", "end": "00:12:07", "text": "have the right donors and who's got the"}, {"start": "00:12:06", "end": "00:12:09", "text": "right lobbyists and it's just it's too"}, {"start": "00:12:07", "end": "00:12:10", "text": "hard."}, {"start": "00:12:09", "end": "00:12:12", "text": ">> Yeah. It's too hard for me to find an"}, {"start": "00:12:10", "end": "00:12:14", "text": "edge there. So, that's part probably"}, {"start": "00:12:12", "end": "00:12:16", "text": ">> consciously or subconsciously what keeps"}, {"start": "00:12:14", "end": "00:12:19", "text": "me away from those things. So,"}, {"start": "00:12:16", "end": "00:12:22", "text": ">> well, and we had some some data and"}, {"start": "00:12:19", "end": "00:12:24", "text": "obviously the Fed and the Treasury have"}, {"start": "00:12:22", "end": "00:12:26", "text": "the edge of skewing data, but here's the"}, {"start": "00:12:24", "end": "00:12:30", "text": "skewed data that we got this morning as"}, {"start": "00:12:26", "end": "00:12:34", "text": "CPI came in hot, sending Bitcoin sharply"}, {"start": "00:12:30", "end": "00:12:37", "text": "lower. And we have seen a big big change"}, {"start": "00:12:34", "end": "00:12:40", "text": "to federal interest rate expectations"}, {"start": "00:12:37", "end": "00:12:44", "text": "of this rate change over a year-to-year"}, {"start": "00:12:40", "end": "00:12:46", "text": "to basis. CPI rose 3.7% versus 3.4% 4%"}, {"start": "00:12:44", "end": "00:12:50", "text": "in August and above their estimates of"}, {"start": "00:12:46", "end": "00:12:52", "text": "3.6. It was a hot CPI reading. Now, the"}, {"start": "00:12:50", "end": "00:12:55", "text": "bond market is getting crushed. It is"}, {"start": "00:12:52", "end": "00:12:59", "text": "10-year US Treasury yield jumped by 9.3"}, {"start": "00:12:55", "end": "00:13:02", "text": "basis points to 5.3% and the 2-year"}, {"start": "00:12:59", "end": "00:13:06", "text": "yield soaring to 13.1 basis points,"}, {"start": "00:13:02", "end": "00:13:08", "text": "about 4.9%. Now, don't worry. Trump's"}, {"start": "00:13:06", "end": "00:13:10", "text": "got a plan to make things worse. The"}, {"start": "00:13:08", "end": "00:13:13", "text": "$5,000"}, {"start": "00:13:10", "end": "00:13:16", "text": "check that he has promised if the"}, {"start": "00:13:13", "end": "00:13:19", "text": "Republicans win the midterms would add a"}, {"start": "00:13:16", "end": "00:13:23", "text": "cool $1.2 trillion"}, {"start": "00:13:19", "end": "00:13:25", "text": "in costs to our already exploding debt"}, {"start": "00:13:23", "end": "00:13:28", "text": "situation."}, {"start": "00:13:25", "end": "00:13:30", "text": "And we never got the Doge check either."}, {"start": "00:13:28", "end": "00:13:33", "text": "So when we think about these things, I"}, {"start": "00:13:30", "end": "00:13:37", "text": "keep getting promised these airdrops"}, {"start": "00:13:33", "end": "00:13:40", "text": "from the Trump protocol and no airdrop"}, {"start": "00:13:37", "end": "00:13:43", "text": "has hit since co. I don't think he's got"}, {"start": "00:13:40", "end": "00:13:46", "text": "I don't think they can do this. $1.2"}, {"start": "00:13:43", "end": "00:13:49", "text": "trillion in cost to an already out of"}, {"start": "00:13:46", "end": "00:13:52", "text": "control situation. Doesn't seem like"}, {"start": "00:13:49", "end": "00:13:54", "text": "it's very helpful. I really, you know,"}, {"start": "00:13:52", "end": "00:13:57", "text": "when this news first broke, it felt like"}, {"start": "00:13:54", "end": "00:13:59", "text": "bribery. But the more I thought of it,"}, {"start": "00:13:57", "end": "00:14:02", "text": "it's more like average promises from"}, {"start": "00:13:59", "end": "00:14:04", "text": "these political leaders. I don't think"}, {"start": "00:14:02", "end": "00:14:06", "text": "there's a snowball snowballs chance in"}, {"start": "00:14:04", "end": "00:14:09", "text": "hell that the Republicans pull off a"}, {"start": "00:14:06", "end": "00:14:12", "text": "midterm aggregate win over the Democrats"}, {"start": "00:14:09", "end": "00:14:15", "text": "with how sentiment sits right now. So,"}, {"start": "00:14:12", "end": "00:14:17", "text": "this is a null and mood point here, but"}, {"start": "00:14:15", "end": "00:14:20", "text": "I think it's really crazy to think about"}, {"start": "00:14:17", "end": "00:14:22", "text": "the fact that we're trying to add twice"}, {"start": "00:14:20", "end": "00:14:24", "text": "the amount of money into the money"}, {"start": "00:14:22", "end": "00:14:26", "text": "supply into the average person's hands"}, {"start": "00:14:24", "end": "00:14:28", "text": "here in America that we did during"}, {"start": "00:14:26", "end": "00:14:30", "text": "COVID, right? I don't think that this is"}, {"start": "00:14:28", "end": "00:14:31", "text": "going down all the data. What do you"}, {"start": "00:14:30", "end": "00:14:32", "text": "think about this? I mean,"}, {"start": "00:14:31", "end": "00:14:35", "text": ">> well, I mean, I don't I don't think it's"}, {"start": "00:14:32", "end": "00:14:37", "text": "nec I don't I think it's bad. I'm I"}, {"start": "00:14:35", "end": "00:14:39", "text": "don't I don't disagree with your overall"}, {"start": "00:14:37", "end": "00:14:42", "text": "sentiment that this is not necessarily"}, {"start": "00:14:39", "end": "00:14:44", "text": "wise physical policy, but it is it"}, {"start": "00:14:42", "end": "00:14:47", "text": "wouldn't be inconsistent when you"}, {"start": "00:14:44", "end": "00:14:49", "text": "consider the money expansion that we're"}, {"start": "00:14:47", "end": "00:14:51", "text": "looking at here that is likely to be"}, {"start": "00:14:49", "end": "00:14:52", "text": "bigger than what happened in CO over"}, {"start": "00:14:51", "end": "00:14:54", "text": "time."}, {"start": "00:14:52", "end": "00:14:56", "text": ">> So yeah, the what what do we what did"}, {"start": "00:14:54", "end": "00:14:58", "text": "people get in CO like 1,400 bucks or"}, {"start": "00:14:56", "end": "00:14:59", "text": "something, 1,500 bucks? I guess it"}, {"start": "00:14:58", "end": "00:15:00", "text": "depended on how many kids you had and"}, {"start": "00:14:59", "end": "00:15:01", "text": "all that."}, {"start": "00:15:00", "end": "00:15:04", "text": ">> Yeah. Yeah. I think it was like"}, {"start": "00:15:01", "end": "00:15:07", "text": ">> whatever whatever that number was. Um"}, {"start": "00:15:04", "end": "00:15:09", "text": "it's a it was minuscule in comparison to"}, {"start": "00:15:07", "end": "00:15:10", "text": "the amount of money that was printed at"}, {"start": "00:15:09", "end": "00:15:13", "text": "that time. And like you said, it was"}, {"start": "00:15:10", "end": "00:15:16", "text": "largely a bribe. And if you look over"}, {"start": "00:15:13", "end": "00:15:18", "text": "the course of history with the way the"}, {"start": "00:15:16", "end": "00:15:21", "text": "balance sheet works and all that sort of"}, {"start": "00:15:18", "end": "00:15:24", "text": "stuff, generally speaking, each crisis"}, {"start": "00:15:21", "end": "00:15:26", "text": "that comes, we are uh the time between"}, {"start": "00:15:24", "end": "00:15:29", "text": "them is getting shorter and the amount"}, {"start": "00:15:26", "end": "00:15:32", "text": "of money to stop you plug the hole is"}, {"start": "00:15:29", "end": "00:15:34", "text": "getting larger. So if we have to if"}, {"start": "00:15:32", "end": "00:15:37", "text": "we're going to be expanding by double,"}, {"start": "00:15:34", "end": "00:15:38", "text": "it's not unreasonable to think now does"}, {"start": "00:15:37", "end": "00:15:42", "text": "this do I think this is actually going"}, {"start": "00:15:38", "end": "00:15:45", "text": "to happen? Very small chance. Um that"}, {"start": "00:15:42", "end": "00:15:48", "text": "being said, it wouldn't shock me because"}, {"start": "00:15:45", "end": "00:15:50", "text": "what this what it would mean is you know"}, {"start": "00:15:48", "end": "00:15:52", "text": "the catillian effect is basically what's"}, {"start": "00:15:50", "end": "00:15:54", "text": "in effect here. So if you guys know that"}, {"start": "00:15:52", "end": "00:15:56", "text": "it's b essentially he who's closest to"}, {"start": "00:15:54", "end": "00:15:57", "text": "the printer wins because it starts at"}, {"start": "00:15:56", "end": "00:15:59", "text": "the center and works its way out. and"}, {"start": "00:15:57", "end": "00:16:04", "text": "all of us were at the very outside edges"}, {"start": "00:15:59", "end": "00:16:06", "text": "of it. So, um, if they were to to"}, {"start": "00:16:04", "end": "00:16:08", "text": "increase the money supply more than they"}, {"start": "00:16:06", "end": "00:16:10", "text": "have in the past, it it's not"}, {"start": "00:16:08", "end": "00:16:12", "text": "unreasonable to think that they would"}, {"start": "00:16:10", "end": "00:16:14", "text": "increase the little helicopter air, you"}, {"start": "00:16:12", "end": "00:16:16", "text": "know, the air the helicopter money they"}, {"start": "00:16:14", "end": "00:16:18", "text": "give to the public, but it's still"}, {"start": "00:16:16", "end": "00:16:20", "text": "either way, it's net negative if you are"}, {"start": "00:16:18", "end": "00:16:22", "text": "if you're the person receiving that"}, {"start": "00:16:20", "end": "00:16:24", "text": "$5,000. It might sound great. It might"}, {"start": "00:16:22", "end": "00:16:25", "text": "feel good the day it hits, but you"}, {"start": "00:16:24", "end": "00:16:27", "text": "better be prepared to put that into an"}, {"start": "00:16:25", "end": "00:16:29", "text": "asset like Bitcoin or something else"}, {"start": "00:16:27", "end": "00:16:31", "text": "very very very almost immediately"}, {"start": "00:16:29", "end": "00:16:33", "text": "because if you don't, that money is not"}, {"start": "00:16:31", "end": "00:16:35", "text": "going to be worth the paper it's printed"}, {"start": "00:16:33", "end": "00:16:36", "text": "on over time. And that's the whole"}, {"start": "00:16:35", "end": "00:16:38", "text": "that's the whole game."}, {"start": "00:16:36", "end": "00:16:40", "text": ">> Absolutely. And you know,"}, {"start": "00:16:38", "end": "00:16:41", "text": ">> which we made a video about this that"}, {"start": "00:16:40", "end": "00:16:43", "text": "kind of explained a lot of that. So, if"}, {"start": "00:16:41", "end": "00:16:44", "text": "you guys watched it, I mean, you should"}, {"start": "00:16:43", "end": "00:16:46", "text": "I don't know who watched it. Did Did it"}, {"start": "00:16:44", "end": "00:16:46", "text": "come out recently? Right. A couple days"}, {"start": "00:16:46", "end": "00:16:47", "text": "ago,"}, {"start": "00:16:46", "end": "00:16:49", "text": ">> the money flood."}, {"start": "00:16:47", "end": "00:16:49", "text": ">> Yeah, Trump's money flood or whatever it"}, {"start": "00:16:49", "end": "00:16:50", "text": "is."}, {"start": "00:16:49", "end": "00:16:52", "text": ">> Money flood came out recently. Actually,"}, {"start": "00:16:50", "end": "00:16:53", "text": "here's like we got like 10,000 views on"}, {"start": "00:16:52", "end": "00:16:55", "text": "it, you know, so it did decent."}, {"start": "00:16:53", "end": "00:16:57", "text": ">> If you guys I'm curious if you guys are"}, {"start": "00:16:55", "end": "00:17:00", "text": "in the chat. I first of all, this is"}, {"start": "00:16:57", "end": "00:17:02", "text": "just personal curiosity. If you guys are"}, {"start": "00:17:00", "end": "00:17:04", "text": "here in the chat right now, how many of"}, {"start": "00:17:02", "end": "00:17:07", "text": "you watch the uploads we put out like"}, {"start": "00:17:04", "end": "00:17:08", "text": "every day versus, you know, like how"}, {"start": "00:17:07", "end": "00:17:10", "text": "many do you watch a week? I'm just"}, {"start": "00:17:08", "end": "00:17:12", "text": "curious about this. And uh if you did"}, {"start": "00:17:10", "end": "00:17:14", "text": "see that Trump Money Flood one, did you"}, {"start": "00:17:12", "end": "00:17:16", "text": "guys enjoy it? Do you guys like that"}, {"start": "00:17:14", "end": "00:17:19", "text": "kind of stuff? We've got a lot more."}, {"start": "00:17:16", "end": "00:17:21", "text": "We've got I think a ao, a chain link, a"}, {"start": "00:17:19", "end": "00:17:23", "text": "hype, all the we're doing some kind of"}, {"start": "00:17:21", "end": "00:17:26", "text": "like uh individual project videos"}, {"start": "00:17:23", "end": "00:17:27", "text": "coming. Um so let me know. But okay,"}, {"start": "00:17:26", "end": "00:17:29", "text": "yeah, some people are watching it. So"}, {"start": "00:17:27", "end": "00:17:31", "text": "yeah, I'm just curious to get the"}, {"start": "00:17:29", "end": "00:17:32", "text": "feedback from you guys to know if we're"}, {"start": "00:17:31", "end": "00:17:34", "text": "on the right track with these upload if"}, {"start": "00:17:32", "end": "00:17:37", "text": "these are helpful for you guys or if"}, {"start": "00:17:34", "end": "00:17:38", "text": "we're, you know, just uh or or if"}, {"start": "00:17:37", "end": "00:17:41", "text": "they're not. So go ahead."}, {"start": "00:17:38", "end": "00:17:43", "text": ">> Well, the effects of the CPI print are"}, {"start": "00:17:41", "end": "00:17:45", "text": "changing some of the dynamics of these"}, {"start": "00:17:43", "end": "00:17:47", "text": "Fed expectations. So now yesterday this"}, {"start": "00:17:45", "end": "00:17:50", "text": "was a 76% likelihood that there's going"}, {"start": "00:17:47", "end": "00:17:53", "text": "to be no interest rate hike. Now we're"}, {"start": "00:17:50", "end": "00:17:56", "text": "looking down the barrel of a 46% chance"}, {"start": "00:17:53", "end": "00:17:58", "text": "there's no hike and a 53% chance that"}, {"start": "00:17:56", "end": "00:18:01", "text": "they are going to raise interest rates"}, {"start": "00:17:58", "end": "00:18:03", "text": "at the end of this month. So over the"}, {"start": "00:18:01", "end": "00:18:05", "text": "course of the next 14 days, you're going"}, {"start": "00:18:03", "end": "00:18:06", "text": "to see a lot of macroeconomic geniuses"}, {"start": "00:18:05", "end": "00:18:09", "text": "coming out from both sides of the"}, {"start": "00:18:06", "end": "00:18:12", "text": "equation saying yes, no, all of these"}, {"start": "00:18:09", "end": "00:18:15", "text": "things. And I wanted to kind of just"}, {"start": "00:18:12", "end": "00:18:16", "text": "clarify the compass, you know, because"}, {"start": "00:18:15", "end": "00:18:18", "text": "there's going to be a lot of stuff"}, {"start": "00:18:16", "end": "00:18:21", "text": "talked about over the next few weeks in"}, {"start": "00:18:18", "end": "00:18:24", "text": "terms of macro. Here's your map. And"}, {"start": "00:18:21", "end": "00:18:28", "text": "this is an ugly map. This is a map. This"}, {"start": "00:18:24", "end": "00:18:32", "text": "is US inflation shown today in the green"}, {"start": "00:18:28", "end": "00:18:35", "text": "line uh CPI data year-over-year. And in"}, {"start": "00:18:32", "end": "00:18:38", "text": "the blue, dark blue is the 1970s moment"}, {"start": "00:18:35", "end": "00:18:40", "text": "where stagflation was admitted."}, {"start": "00:18:38", "end": "00:18:43", "text": "Unfortunately, if this metric does"}, {"start": "00:18:40", "end": "00:18:45", "text": "continue to follow the process, this"}, {"start": "00:18:43", "end": "00:18:48", "text": "means that inflation is going to"}, {"start": "00:18:45", "end": "00:18:52", "text": "continue to get worse. And I have to say"}, {"start": "00:18:48", "end": "00:18:54", "text": "on the diesel price graph and general"}, {"start": "00:18:52", "end": "00:18:56", "text": "larger transport cost outlook, things"}, {"start": "00:18:54", "end": "00:19:00", "text": "are looking grim. It is going into price"}, {"start": "00:18:56", "end": "00:19:03", "text": "exploration on diesel prices right now."}, {"start": "00:19:00", "end": "00:19:05", "text": "And gold, interestingly,"}, {"start": "00:19:03", "end": "00:19:09", "text": "pulled back. And now gold is continuing"}, {"start": "00:19:05", "end": "00:19:12", "text": "to play out this lower high process. Now"}, {"start": "00:19:09", "end": "00:19:15", "text": "the moment gold saw this data this"}, {"start": "00:19:12", "end": "00:19:18", "text": "morning, it fell very very sharply. One"}, {"start": "00:19:15", "end": "00:19:19", "text": "thing that I will say about gold is well"}, {"start": "00:19:18", "end": "00:19:21", "text": "there's actually a lot to be said about"}, {"start": "00:19:19", "end": "00:19:25", "text": "gold. It's over a $30 trillion market"}, {"start": "00:19:21", "end": "00:19:27", "text": "cap class. And if we do see a draw down"}, {"start": "00:19:25", "end": "00:19:30", "text": "just to this previous bull flag at"}, {"start": "00:19:27", "end": "00:19:33", "text": "$3,300 an ounce, that is going to be"}, {"start": "00:19:30", "end": "00:19:35", "text": "trillions of dollars flooding out of"}, {"start": "00:19:33", "end": "00:19:36", "text": "gold. And it's going to be looking for a"}, {"start": "00:19:35", "end": "00:19:38", "text": "home. It's going to be looking for"}, {"start": "00:19:36", "end": "00:19:40", "text": "places of upside. Could it be Bitcoin?"}, {"start": "00:19:38", "end": "00:19:44", "text": "It's honestly kind of a potential in my"}, {"start": "00:19:40", "end": "00:19:46", "text": "mind that some of this value in gold"}, {"start": "00:19:44", "end": "00:19:49", "text": "will find a safe haven in Bitcoin should"}, {"start": "00:19:46", "end": "00:19:51", "text": "we see a return back to this previous"}, {"start": "00:19:49", "end": "00:19:54", "text": "bull flag. And that'd be a draw down"}, {"start": "00:19:51", "end": "00:19:58", "text": "where gold sits right now to about 3,300"}, {"start": "00:19:54", "end": "00:20:00", "text": "bucks about 17.9%. Now, even a fraction"}, {"start": "00:19:58", "end": "00:20:03", "text": "of that making its way into Bitcoin"}, {"start": "00:20:00", "end": "00:20:07", "text": "causes a very, very large large swing in"}, {"start": "00:20:03", "end": "00:20:08", "text": "the price. Now, one thing that I want to"}, {"start": "00:20:07", "end": "00:20:12", "text": "highlight and kind of back up to on this"}, {"start": "00:20:08", "end": "00:20:14", "text": "chart is this is an oil crisis, a"}, {"start": "00:20:12", "end": "00:20:16", "text": "Russian invasion. And this is political"}, {"start": "00:20:14", "end": "00:20:19", "text": "pressure on the Federal Reserve of the"}, {"start": "00:20:16", "end": "00:20:22", "text": "1979 to80 movement that caused the"}, {"start": "00:20:19", "end": "00:20:26", "text": "inflation to go absolutely ballistic."}, {"start": "00:20:22", "end": "00:20:28", "text": "Mortgages hit 18%. Now"}, {"start": "00:20:26", "end": "00:20:31", "text": "within that same time frame, bonds and"}, {"start": "00:20:28", "end": "00:20:32", "text": "yield went absolutely ballistic as well."}, {"start": "00:20:31", "end": "00:20:35", "text": "And just to show you exactly what I'm"}, {"start": "00:20:32", "end": "00:20:37", "text": "talking about, this is the US 10-year"}, {"start": "00:20:35", "end": "00:20:39", "text": "when these macroeconomic triggers"}, {"start": "00:20:37", "end": "00:20:41", "text": "started firing and the bond yield went"}, {"start": "00:20:39", "end": "00:20:45", "text": "up to 15%."}, {"start": "00:20:41", "end": "00:20:47", "text": "15% yield. we get freaked out about a 5%"}, {"start": "00:20:45", "end": "00:20:50", "text": "yield where we're at. But I overlaid"}, {"start": "00:20:47", "end": "00:20:53", "text": "this a long time ago where we coil and"}, {"start": "00:20:50", "end": "00:20:55", "text": "then start to explode to the upside as"}, {"start": "00:20:53", "end": "00:20:58", "text": "the inflation is unraveling in a"}, {"start": "00:20:55", "end": "00:21:02", "text": "stagflationary event. Lord Levak, we"}, {"start": "00:20:58", "end": "00:21:04", "text": "broke internal resistance here at 5%"}, {"start": "00:21:02", "end": "00:21:08", "text": "flat and are now going to explore the 5"}, {"start": "00:21:04", "end": "00:21:10", "text": "to 6% range. I do think that these"}, {"start": "00:21:08", "end": "00:21:12", "text": "yields have a strong potential if"}, {"start": "00:21:10", "end": "00:21:14", "text": "history keeps repeating itself or"}, {"start": "00:21:12", "end": "00:21:16", "text": "rhyming rather that you're going to be"}, {"start": "00:21:14", "end": "00:21:19", "text": "looking down the barrel of near 10%"}, {"start": "00:21:16", "end": "00:21:22", "text": "treasury yield by 2030 if nothing"}, {"start": "00:21:19", "end": "00:21:23", "text": "drastic changes with this. This is kind"}, {"start": "00:21:22", "end": "00:21:27", "text": "of interesting for me to think about in"}, {"start": "00:21:23", "end": "00:21:32", "text": "terms of DeFi where I mean TJ let me ask"}, {"start": "00:21:27", "end": "00:21:36", "text": "you this. You see a five or a 10% yield"}, {"start": "00:21:32", "end": "00:21:37", "text": "on the treasury note. you're going in. I"}, {"start": "00:21:36", "end": "00:21:39", "text": "mean, because that's some pretty good"}, {"start": "00:21:37", "end": "00:21:41", "text": "yield. You got to hold it for a certain"}, {"start": "00:21:39", "end": "00:21:44", "text": "amount of time to get that full"}, {"start": "00:21:41", "end": "00:21:46", "text": "exposure. Would you go into this or I do"}, {"start": "00:21:44", "end": "00:21:48", "text": "you think that DeFi might"}, {"start": "00:21:46", "end": "00:21:50", "text": ">> No, I mean, yeah, this is going to be a"}, {"start": "00:21:48", "end": "00:21:51", "text": "sign of the times in my opinion. So, I"}, {"start": "00:21:50", "end": "00:21:53", "text": "actually, it's funny you asked. I"}, {"start": "00:21:51", "end": "00:21:55", "text": "literally, that was my post in school"}, {"start": "00:21:53", "end": "00:21:56", "text": "today. Ray Dallio, if you guys haven't,"}, {"start": "00:21:55", "end": "00:21:59", "text": "he just did a really good write up on"}, {"start": "00:21:56", "end": "00:22:01", "text": "the bond market and, you know, how uh"}, {"start": "00:21:59", "end": "00:22:03", "text": "the pressure it's under and how"}, {"start": "00:22:01", "end": "00:22:04", "text": "potentially bad it could be. I do agree"}, {"start": "00:22:03", "end": "00:22:07", "text": "that we're going to be the yields are"}, {"start": "00:22:04", "end": "00:22:09", "text": "going to continue up uh for a variety of"}, {"start": "00:22:07", "end": "00:22:11", "text": "reasons and he breaks it down a lot more"}, {"start": "00:22:09", "end": "00:22:13", "text": "in depth than I could do it. So I highly"}, {"start": "00:22:11", "end": "00:22:16", "text": "recommend you guys go check that out."}, {"start": "00:22:13", "end": "00:22:18", "text": "Just search Ray Dalio on X or Ray Dalio."}, {"start": "00:22:16", "end": "00:22:20", "text": "What was it called? Bond uh let me see"}, {"start": "00:22:18", "end": "00:22:22", "text": ">> bond crisis or"}, {"start": "00:22:20", "end": "00:22:24", "text": ">> bond. Yeah, something along those lines."}, {"start": "00:22:22", "end": "00:22:26", "text": "Uh what's wrong with the bond market or"}, {"start": "00:22:24", "end": "00:22:29", "text": "something like that. Uh"}, {"start": "00:22:26", "end": "00:22:30", "text": ">> just type it. Just read just Hold on."}, {"start": "00:22:29", "end": "00:22:33", "text": "Give me one second. I'll find it. uh the"}, {"start": "00:22:30", "end": "00:22:34", "text": "numbers behind the bond bare market, you"}, {"start": "00:22:33", "end": "00:22:36", "text": "know, that's what that's what it was."}, {"start": "00:22:34", "end": "00:22:38", "text": "And there's a lot of math in there, but"}, {"start": "00:22:36", "end": "00:22:40", "text": "it's worth reading. Um I sent it to all"}, {"start": "00:22:38", "end": "00:22:41", "text": "you guys, too. I sent it to several"}, {"start": "00:22:40", "end": "00:22:45", "text": "people yesterday. You guys should read"}, {"start": "00:22:41", "end": "00:22:46", "text": "this. So, uh but if we do, and and 10%"}, {"start": "00:22:45", "end": "00:22:48", "text": "might be high. Yeah, that's it right"}, {"start": "00:22:46", "end": "00:22:50", "text": "there. Um"}, {"start": "00:22:48", "end": "00:22:53", "text": "but if we see that you're, you know,"}, {"start": "00:22:50", "end": "00:22:56", "text": "again, I can we can make 30% in DeFi"}, {"start": "00:22:53", "end": "00:22:58", "text": "already, you know, like uh Strive, which"}, {"start": "00:22:56", "end": "00:23:00", "text": "by the way, I'm probably going to start"}, {"start": "00:22:58", "end": "00:23:01", "text": "talking about this in school some too."}, {"start": "00:23:00", "end": "00:23:03", "text": "If you guys are depending on where"}, {"start": "00:23:01", "end": "00:23:06", "text": "you're at, you know, this is very age"}, {"start": "00:23:03", "end": "00:23:10", "text": "specific and you know, life uh season"}, {"start": "00:23:06", "end": "00:23:11", "text": "specific type information, but um you"}, {"start": "00:23:10", "end": "00:23:13", "text": "know, everybody knows a lot about"}, {"start": "00:23:11", "end": "00:23:15", "text": "strategy and their STRC, but then"}, {"start": "00:23:13", "end": "00:23:17", "text": "there's also Strive, which is kind of"}, {"start": "00:23:15", "end": "00:23:18", "text": "the beta, the number two to strategy in"}, {"start": "00:23:17", "end": "00:23:20", "text": "a lot of ways. And then they actually"}, {"start": "00:23:18", "end": "00:23:23", "text": "announced yesterday something called"}, {"start": "00:23:20", "end": "00:23:25", "text": "SATS. Uh that's comparable to it's not"}, {"start": "00:23:23", "end": "00:23:27", "text": "the same as SRC, but it's comparable."}, {"start": "00:23:25", "end": "00:23:29", "text": "Same kind of idea, dividend product,"}, {"start": "00:23:27", "end": "00:23:31", "text": "daily dividends though, which I thought"}, {"start": "00:23:29", "end": "00:23:34", "text": "was pretty cool. Business days uh 15%,"}, {"start": "00:23:31", "end": "00:23:36", "text": "you know, there it is right there. Um"}, {"start": "00:23:34", "end": "00:23:38", "text": "15% fixed perpetual preferred stock"}, {"start": "00:23:36", "end": "00:23:42", "text": "daily dividends. Uh you know, and then"}, {"start": "00:23:38", "end": "00:23:43", "text": "the yeah as a a asset or ASST is"}, {"start": "00:23:42", "end": "00:23:46", "text": "Strive's ticker would be like the same"}, {"start": "00:23:43", "end": "00:23:48", "text": "as MSTR. So could could move they could"}, {"start": "00:23:46", "end": "00:23:49", "text": "move the needle more than MSTR. If you"}, {"start": "00:23:48", "end": "00:23:51", "text": "like what MSTR is doing, you should"}, {"start": "00:23:49", "end": "00:23:54", "text": "probably look into Strive. Depending on"}, {"start": "00:23:51", "end": "00:23:56", "text": "though where you are, if you're in your"}, {"start": "00:23:54", "end": "00:23:59", "text": "60s and you're looking for reliable"}, {"start": "00:23:56", "end": "00:24:00", "text": "income on a on a return of capital, you"}, {"start": "00:23:59", "end": "00:24:01", "text": "know, so you're not getting taxed as"}, {"start": "00:24:00", "end": "00:24:04", "text": "much on the income, you can pass it down"}, {"start": "00:24:01", "end": "00:24:06", "text": "on a step up basis to your kids. I'd be"}, {"start": "00:24:04", "end": "00:24:08", "text": "looking at SATs, you know, 15% fixed"}, {"start": "00:24:06", "end": "00:24:10", "text": "rate. It kind of covers, it's way better"}, {"start": "00:24:08", "end": "00:24:12", "text": "than where treasuries are now. Covers"}, {"start": "00:24:10", "end": "00:24:15", "text": "you for the foreseeable future as things"}, {"start": "00:24:12", "end": "00:24:17", "text": "are going on. So, I'd be I'm definitely"}, {"start": "00:24:15", "end": "00:24:19", "text": "going to be looking at yield probably in"}, {"start": "00:24:17", "end": "00:24:20", "text": "the next two to three years. You know,"}, {"start": "00:24:19", "end": "00:24:23", "text": "if like say we get a really good run"}, {"start": "00:24:20", "end": "00:24:25", "text": "like we're expecting and we're in 27 28"}, {"start": "00:24:23", "end": "00:24:27", "text": "and the portfolio is, you know, done"}, {"start": "00:24:25", "end": "00:24:29", "text": "anywhere close to what my expectations"}, {"start": "00:24:27", "end": "00:24:31", "text": "for my portfolio is, I am going to be"}, {"start": "00:24:29", "end": "00:24:33", "text": "looking to put, you know, I'm going to"}, {"start": "00:24:31", "end": "00:24:36", "text": "be looking to kind of re right now I'm"}, {"start": "00:24:33", "end": "00:24:38", "text": "engineered for growth. Um,"}, {"start": "00:24:36", "end": "00:24:39", "text": "but I'm already It's funny you asked"}, {"start": "00:24:38", "end": "00:24:41", "text": "this because I was literally, that's"}, {"start": "00:24:39", "end": "00:24:44", "text": "what I spent most of yesterday doing and"}, {"start": "00:24:41", "end": "00:24:47", "text": "last night. I'm already starting to"}, {"start": "00:24:44", "end": "00:24:49", "text": "really I've got a whole uh topic going"}, {"start": "00:24:47", "end": "00:24:51", "text": "with all my whole AI system on a yield"}, {"start": "00:24:49", "end": "00:24:55", "text": "plan looking at what re-engineering my"}, {"start": "00:24:51", "end": "00:24:56", "text": "portfolio for yield would look like. Um"}, {"start": "00:24:55", "end": "00:24:57", "text": "so I am starting to get into that frame"}, {"start": "00:24:56", "end": "00:24:59", "text": "of mind."}, {"start": "00:24:57", "end": "00:25:01", "text": ">> Very different from growth. You know I"}, {"start": "00:24:59", "end": "00:25:03", "text": "would and I'm still going to keep"}, {"start": "00:25:01", "end": "00:25:05", "text": ">> it's going to be hard for me to move a"}, {"start": "00:25:03", "end": "00:25:07", "text": "large percentage of my port my big chunk"}, {"start": "00:25:05", "end": "00:25:08", "text": "of my portfolio will always stay in"}, {"start": "00:25:07", "end": "00:25:10", "text": "growth. I'm much more comfortable with"}, {"start": "00:25:08", "end": "00:25:13", "text": "risk than any financial adviser out"}, {"start": "00:25:10", "end": "00:25:15", "text": "there probably period. Um, but yeah,"}, {"start": "00:25:13", "end": "00:25:17", "text": "I'll be watching this because I do think"}, {"start": "00:25:15", "end": "00:25:20", "text": "the yields will continue to go up on"}, {"start": "00:25:17", "end": "00:25:23", "text": "treasuries. What he break what Dalio"}, {"start": "00:25:20", "end": "00:25:24", "text": "breaks down is basically the demand is"}, {"start": "00:25:23", "end": "00:25:27", "text": "getting sucked into other places. You've"}, {"start": "00:25:24", "end": "00:25:28", "text": "got AI sucking things up. You've got,"}, {"start": "00:25:27", "end": "00:25:31", "text": "you know, everybody's kind of reshoring"}, {"start": "00:25:28", "end": "00:25:33", "text": "a lot of their debt. They their plan is"}, {"start": "00:25:31", "end": "00:25:35", "text": "obviously to expand the money supply and"}, {"start": "00:25:33", "end": "00:25:36", "text": "inflate the debt away, grow their way"}, {"start": "00:25:35", "end": "00:25:39", "text": "out of it is what they're going to call"}, {"start": "00:25:36", "end": "00:25:41", "text": "it. Um, and so yeah, that's going to"}, {"start": "00:25:39", "end": "00:25:43", "text": "lead to assets getting inflated, yields"}, {"start": "00:25:41", "end": "00:25:46", "text": "getting inflated. I mean, there there's"}, {"start": "00:25:43", "end": "00:25:47", "text": "so many things in DeFi, you know. I saw"}, {"start": "00:25:46", "end": "00:25:48", "text": "today there's starting you're starting"}, {"start": "00:25:47", "end": "00:25:50", "text": "to be able to like Pendle's got some"}, {"start": "00:25:48", "end": "00:25:51", "text": "really interesting markets going on"}, {"start": "00:25:50", "end": "00:25:53", "text": "right now where you're able to earn"}, {"start": "00:25:51", "end": "00:25:56", "text": "yield in growth stocks, you know, so"}, {"start": "00:25:53", "end": "00:26:00", "text": "that gets like even more interesting."}, {"start": "00:25:56", "end": "00:26:02", "text": ">> Um, so all that to say, I'm no, I'm not"}, {"start": "00:26:00", "end": "00:26:04", "text": "buying Treasury. I mean, I I have to"}, {"start": "00:26:02", "end": "00:26:06", "text": "really pin down on this because no one's"}, {"start": "00:26:04", "end": "00:26:08", "text": "coming to save us when it comes to this"}, {"start": "00:26:06", "end": "00:26:12", "text": "inflation situation. It's going to get"}, {"start": "00:26:08", "end": "00:26:14", "text": "worse. And that's why, you know, I feel"}, {"start": "00:26:12", "end": "00:26:16", "text": "like a lot of our job is to help people"}, {"start": "00:26:14", "end": "00:26:18", "text": "outpace the inflation and this mountain"}, {"start": "00:26:16", "end": "00:26:20", "text": "that I'm staring down. I'm staring down"}, {"start": "00:26:18", "end": "00:26:23", "text": "a historic mountain that seems to be"}, {"start": "00:26:20", "end": "00:26:24", "text": "repeating itself. And uh"}, {"start": "00:26:23", "end": "00:26:26", "text": ">> and that's why I mentioned those ones"}, {"start": "00:26:24", "end": "00:26:27", "text": "because if you if you have a parent"}, {"start": "00:26:26", "end": "00:26:29", "text": "who's trying to figure out what to do"}, {"start": "00:26:27", "end": "00:26:31", "text": "there with retirement fund and their"}, {"start": "00:26:29", "end": "00:26:33", "text": "financial advisor is like, \"Oh man, you"}, {"start": "00:26:31", "end": "00:26:34", "text": "know, treasuries are looking good here"}, {"start": "00:26:33", "end": "00:26:38", "text": "at 5%.\" Right?"}, {"start": "00:26:34", "end": "00:26:41", "text": ">> Like cons encourage them to look my my"}, {"start": "00:26:38", "end": "00:26:43", "text": "dad is has STRC, you know, encourage"}, {"start": "00:26:41", "end": "00:26:45", "text": "them to look at some of these type of"}, {"start": "00:26:43", "end": "00:26:47", "text": "products because"}, {"start": "00:26:45", "end": "00:26:48", "text": "um you know, it's it's a trap. you know,"}, {"start": "00:26:47", "end": "00:26:50", "text": "it's going to sound good in the short"}, {"start": "00:26:48", "end": "00:26:51", "text": "term to a finan, you know, and a lot of"}, {"start": "00:26:50", "end": "00:26:54", "text": "these, again, financial managers and"}, {"start": "00:26:51", "end": "00:26:56", "text": "adviserss aren't,"}, {"start": "00:26:54", "end": "00:26:58", "text": "you know, predicting macroeconomic long"}, {"start": "00:26:56", "end": "00:27:00", "text": "term. You know, they're just they're"}, {"start": "00:26:58", "end": "00:27:01", "text": "just literally pushing through whatever"}, {"start": "00:27:00", "end": "00:27:02", "text": "they're getting in their email from, you"}, {"start": "00:27:01", "end": "00:27:03", "text": "know, higherups. But,"}, {"start": "00:27:02", "end": "00:27:06", "text": ">> right,"}, {"start": "00:27:03", "end": "00:27:08", "text": ">> 5% is not is going to sound good today,"}, {"start": "00:27:06", "end": "00:27:10", "text": "you know, when you do the math of like,"}, {"start": "00:27:08", "end": "00:27:11", "text": "oh, if I put this much in here, I'm"}, {"start": "00:27:10", "end": "00:27:13", "text": "earning this much and I can live on it."}, {"start": "00:27:11", "end": "00:27:14", "text": "And then you fast forward five years,"}, {"start": "00:27:13", "end": "00:27:16", "text": "eight years, 10 years, and you realize"}, {"start": "00:27:14", "end": "00:27:18", "text": "like, wait a minute, I have half the b"}, {"start": "00:27:16", "end": "00:27:19", "text": "buying power that I used to. This is not"}, {"start": "00:27:18", "end": "00:27:21", "text": "good. So,"}, {"start": "00:27:19", "end": "00:27:24", "text": ">> right. Yeah. It it's they're going to"}, {"start": "00:27:21", "end": "00:27:25", "text": "have to this chart just from a basic"}, {"start": "00:27:24", "end": "00:27:28", "text": "perspective, all those macroeconomic"}, {"start": "00:27:25", "end": "00:27:31", "text": "triggers left aside, this chart is going"}, {"start": "00:27:28", "end": "00:27:33", "text": "to go into the 6% range. I can already"}, {"start": "00:27:31", "end": "00:27:35", "text": "see it. Um, you know, really it's a"}, {"start": "00:27:33", "end": "00:27:38", "text": "matter of if 6% can act as that local"}, {"start": "00:27:35", "end": "00:27:40", "text": "shell for it. It's going to get real"}, {"start": "00:27:38", "end": "00:27:43", "text": "frisky over the course of the next few"}, {"start": "00:27:40", "end": "00:27:44", "text": "years here. And just to clarify, when"}, {"start": "00:27:43", "end": "00:27:46", "text": "you look at a chart like this, you"}, {"start": "00:27:44", "end": "00:27:47", "text": "think, \"Oh, mortgages are going to go"}, {"start": "00:27:46", "end": "00:27:50", "text": "crazy. That means that the housing"}, {"start": "00:27:47", "end": "00:27:52", "text": "sector is going to get cut in half.\" Not"}, {"start": "00:27:50", "end": "00:27:54", "text": "necessarily. I could see in a situation"}, {"start": "00:27:52", "end": "00:27:57", "text": "that I just laid out on that Treasury"}, {"start": "00:27:54", "end": "00:28:01", "text": "yield chart, you know, mortgages going"}, {"start": "00:27:57", "end": "00:28:03", "text": "to the 10% range. And really, that would"}, {"start": "00:28:01", "end": "00:28:05", "text": "mean around a 10 to 20% haircut in"}, {"start": "00:28:03", "end": "00:28:06", "text": "aggregate for the housing sector. But"}, {"start": "00:28:05", "end": "00:28:09", "text": "you are going to have some locations"}, {"start": "00:28:06", "end": "00:28:12", "text": "that are already cheap now experience"}, {"start": "00:28:09", "end": "00:28:13", "text": "growth from that. Those fly over states"}, {"start": "00:28:12", "end": "00:28:15", "text": "that I keep mentioning over the past few"}, {"start": "00:28:13", "end": "00:28:17", "text": "years. Someone was mentioning in"}, {"start": "00:28:15", "end": "00:28:18", "text": "Arkansas already cheap good land."}, {"start": "00:28:17", "end": "00:28:21", "text": "There's going to be places like that"}, {"start": "00:28:18", "end": "00:28:23", "text": "where you can make money. So, um,"}, {"start": "00:28:21", "end": "00:28:25", "text": "inflation's not going away. Just to kind"}, {"start": "00:28:23", "end": "00:28:28", "text": "of wrap a bow on this, diesel is going"}, {"start": "00:28:25", "end": "00:28:29", "text": "into price exploration. There's"}, {"start": "00:28:28", "end": "00:28:32", "text": "trillions of dollars that's going to be"}, {"start": "00:28:29", "end": "00:28:35", "text": "looking for a safe haven in this gold"}, {"start": "00:28:32", "end": "00:28:38", "text": "pullback should we lose this $4,000"}, {"start": "00:28:35", "end": "00:28:40", "text": "mark. It's very much so a potential on"}, {"start": "00:28:38", "end": "00:28:42", "text": "this historic precedent. And I do think"}, {"start": "00:28:40", "end": "00:28:45", "text": "that that's where a good chunk of that"}, {"start": "00:28:42", "end": "00:28:47", "text": "capital can find interest in crypto and"}, {"start": "00:28:45", "end": "00:28:49", "text": "crypto has been the best performing"}, {"start": "00:28:47", "end": "00:28:51", "text": "asset class over the last 60 days"}, {"start": "00:28:49", "end": "00:28:53", "text": "leading into the end of this month's"}, {"start": "00:28:51", "end": "00:28:55", "text": "chaos. there's a good chance this market"}, {"start": "00:28:53", "end": "00:28:59", "text": "dip is simply a midcycle correction for"}, {"start": "00:28:55", "end": "00:29:02", "text": "setting up a strong rally. And I do like"}, {"start": "00:28:59", "end": "00:29:04", "text": "this uh kind of backs stop in my mind"}, {"start": "00:29:02", "end": "00:29:06", "text": "because I've seen the tech sector"}, {"start": "00:29:04", "end": "00:29:08", "text": "semiconductor come under some headwinds"}, {"start": "00:29:06", "end": "00:29:11", "text": "even though the macro expansion of it"}, {"start": "00:29:08", "end": "00:29:14", "text": "there. Bitcoin is looking like a tasty"}, {"start": "00:29:11", "end": "00:29:16", "text": "treat right now for people that are on"}, {"start": "00:29:14", "end": "00:29:19", "text": "the larger trading scheme looking for"}, {"start": "00:29:16", "end": "00:29:21", "text": "what their next step is. say they made a"}, {"start": "00:29:19", "end": "00:29:23", "text": "lot of money on the gold input, a lot of"}, {"start": "00:29:21", "end": "00:29:25", "text": "money on those AI inputs. They're going"}, {"start": "00:29:23", "end": "00:29:27", "text": "to be looking for continued growth and"}, {"start": "00:29:25", "end": "00:29:29", "text": "Bitcoin and crypto are looking pretty"}, {"start": "00:29:27", "end": "00:29:32", "text": "tasty from a chart perspective when it"}, {"start": "00:29:29", "end": "00:29:35", "text": "comes to that. So, just a side note,"}, {"start": "00:29:32", "end": "00:29:36", "text": "we're getting some Greenland action. We"}, {"start": "00:29:35", "end": "00:29:39", "text": "are going to be pulling some minerals"}, {"start": "00:29:36", "end": "00:29:41", "text": "and oil and gas out of Greenland. Is it"}, {"start": "00:29:39", "end": "00:29:43", "text": "going to stop the inflation? Probably"}, {"start": "00:29:41", "end": "00:29:47", "text": "not, but it'll be a decent spot on the"}, {"start": "00:29:43", "end": "00:29:49", "text": "risk map uh for us to hold. Now, there's"}, {"start": "00:29:47", "end": "00:29:52", "text": "been a lot of the the leg I don't know."}, {"start": "00:29:49", "end": "00:29:53", "text": "Have you seen more Ledger FUD, DJ? Cuz I"}, {"start": "00:29:52", "end": "00:29:55", "text": "keep getting asked this. Um"}, {"start": "00:29:53", "end": "00:29:57", "text": ">> I keep seeing it dripping out. I mean,"}, {"start": "00:29:55", "end": "00:29:59", "text": "it feels like a lot of the same, but it"}, {"start": "00:29:57", "end": "00:30:01", "text": "Yeah, I mean, they keep their third"}, {"start": "00:29:59", "end": "00:30:03", "text": "party providers keep getting"}, {"start": "00:30:01", "end": "00:30:05", "text": "compromised. And if it if it were me, I"}, {"start": "00:30:03", "end": "00:30:07", "text": "would just stop using Ledger. I was"}, {"start": "00:30:05", "end": "00:30:09", "text": "there. I was there a long time ago when"}, {"start": "00:30:07", "end": "00:30:12", "text": "they when the Ledger Live stuff first"}, {"start": "00:30:09", "end": "00:30:14", "text": "started happening. And um you know I've"}, {"start": "00:30:12", "end": "00:30:16", "text": "never really been a Ledger user so"}, {"start": "00:30:14", "end": "00:30:19", "text": "that's easy for me to say but you know"}, {"start": "00:30:16", "end": "00:30:20", "text": "even people I I know I had somebody just"}, {"start": "00:30:19", "end": "00:30:21", "text": "the other day saying like they're trying"}, {"start": "00:30:20", "end": "00:30:22", "text": "to move something on their ledger and"}, {"start": "00:30:21", "end": "00:30:24", "text": "they can't even see the screen. You know"}, {"start": "00:30:22", "end": "00:30:26", "text": "they're had he had to use a camera and"}, {"start": "00:30:24", "end": "00:30:28", "text": "to like take a video and zoom in to be"}, {"start": "00:30:26", "end": "00:30:30", "text": "able to you know move you know do"}, {"start": "00:30:28", "end": "00:30:31", "text": "something and it took him two hours to"}, {"start": "00:30:30", "end": "00:30:34", "text": "do it because the screen was going out."}, {"start": "00:30:31", "end": "00:30:35", "text": "So it's just yeah Oculus over Ledger all"}, {"start": "00:30:34", "end": "00:30:37", "text": "day long. I've been I've been a fan of"}, {"start": "00:30:35", "end": "00:30:39", "text": "Arculus for a long time. I've got"}, {"start": "00:30:37", "end": "00:30:43", "text": "several of them. Um, and other stuff"}, {"start": "00:30:39", "end": "00:30:44", "text": "that I use, but um, and multisig. If you"}, {"start": "00:30:43", "end": "00:30:46", "text": "guys are really into self, if you're"}, {"start": "00:30:44", "end": "00:30:49", "text": "really into self- custody, you need to"}, {"start": "00:30:46", "end": "00:30:50", "text": "explore multisig. Um, because that's"}, {"start": "00:30:49", "end": "00:30:52", "text": ">> that's your that's going to help you"}, {"start": "00:30:50", "end": "00:30:53", "text": "more than anything to be honest when it"}, {"start": "00:30:52", "end": "00:30:56", "text": "comes to security."}, {"start": "00:30:53", "end": "00:30:58", "text": ">> It's like I got you"}, {"start": "00:30:56", "end": "00:30:59", "text": ">> and I think I got to move it off because"}, {"start": "00:30:58", "end": "00:31:01", "text": "I got a ledger sidewalled. I think I got"}, {"start": "00:30:59", "end": "00:31:05", "text": "to move it off unfortunately. It's been"}, {"start": "00:31:01", "end": "00:31:08", "text": "a while. um very unfortunate but you"}, {"start": "00:31:05", "end": "00:31:11", "text": "know with all this Coinbase has been on"}, {"start": "00:31:08", "end": "00:31:13", "text": "my mind as a place that I'm diversifying"}, {"start": "00:31:11", "end": "00:31:16", "text": "holdings into just because of its"}, {"start": "00:31:13", "end": "00:31:19", "text": "structural size out of the US. Coinbase"}, {"start": "00:31:16", "end": "00:31:23", "text": "is now holding 5% of all Bitcoin and"}, {"start": "00:31:19", "end": "00:31:26", "text": "wants Quantum Fix to begin now. So this"}, {"start": "00:31:23", "end": "00:31:28", "text": "company holds a massive massive chunk of"}, {"start": "00:31:26", "end": "00:31:31", "text": "the entire Bitcoin supply for its"}, {"start": "00:31:28", "end": "00:31:33", "text": "clients including banks, asset managers,"}, {"start": "00:31:31", "end": "00:31:35", "text": "Black Rockck, the DOJ, and shared its"}, {"start": "00:31:33", "end": "00:31:38", "text": "thoughts on the question in a new blog"}, {"start": "00:31:35", "end": "00:31:40", "text": "post laying out what it believes Bitcoin"}, {"start": "00:31:38", "end": "00:31:43", "text": "needs to do to stay secure against the"}, {"start": "00:31:40", "end": "00:31:46", "text": "potential f uh future of quantum"}, {"start": "00:31:43", "end": "00:31:48", "text": "threats. And the first point starting is"}, {"start": "00:31:46", "end": "00:31:51", "text": "preparing now. Uh they think that"}, {"start": "00:31:48", "end": "00:31:54", "text": "Bitcoin wallet as a mailbox with a"}, {"start": "00:31:51", "end": "00:31:56", "text": "narrow horizontal slot at the top and a"}, {"start": "00:31:54", "end": "00:31:57", "text": "key held by one owner visible slot"}, {"start": "00:31:56", "end": "00:32:00", "text": "through which anyone can drop letters"}, {"start": "00:31:57", "end": "00:32:03", "text": "inside the in the wallet's public key."}, {"start": "00:32:00", "end": "00:32:07", "text": "The private key by contrast the physical"}, {"start": "00:32:03", "end": "00:32:10", "text": "key unlocks that box. I do really really"}, {"start": "00:32:07", "end": "00:32:15", "text": "appreciate Coinbase making this move."}, {"start": "00:32:10", "end": "00:32:17", "text": "Now, I don't feel like like I'm not a"}, {"start": "00:32:15", "end": "00:32:19", "text": "computer scientist, so I can't say like"}, {"start": "00:32:17", "end": "00:32:21", "text": "ah they're going to have quantum"}, {"start": "00:32:19", "end": "00:32:23", "text": "computing ready in a year. I don't know"}, {"start": "00:32:21", "end": "00:32:26", "text": "when they're going to have that ready."}, {"start": "00:32:23", "end": "00:32:28", "text": "And I think that a much more powerful"}, {"start": "00:32:26", "end": "00:32:30", "text": "compute set is kind of where we're"}, {"start": "00:32:28", "end": "00:32:32", "text": "headed in general, though. And I do"}, {"start": "00:32:30", "end": "00:32:36", "text": "appreciate that they're making this"}, {"start": "00:32:32", "end": "00:32:39", "text": "happen now. Um, it, you know, I really"}, {"start": "00:32:36", "end": "00:32:42", "text": "don't think that there's any way to tell"}, {"start": "00:32:39", "end": "00:32:46", "text": "how fast quantum risks will become more"}, {"start": "00:32:42", "end": "00:32:47", "text": "tangible, but something in my bones is"}, {"start": "00:32:46", "end": "00:32:51", "text": "telling me that it's happening quicker"}, {"start": "00:32:47", "end": "00:32:55", "text": "than I want to believe. Um, the rate"}, {"start": "00:32:51", "end": "00:32:58", "text": "that things are being advanced at now is"}, {"start": "00:32:55", "end": "00:33:00", "text": "outpacing my expectations. I don't think"}, {"start": "00:32:58", "end": "00:33:03", "text": "we're going to have to wait till 2030 to"}, {"start": "00:33:00", "end": "00:33:05", "text": "start tangibly worrying about this. So,"}, {"start": "00:33:03", "end": "00:33:08", "text": "I do like that uh Coinbase is making"}, {"start": "00:33:05", "end": "00:33:10", "text": "this move. I hope that more industry"}, {"start": "00:33:08", "end": "00:33:13", "text": "leaders make that move as well because"}, {"start": "00:33:10", "end": "00:33:14", "text": "quantum and we got to consider this like"}, {"start": "00:33:13", "end": "00:33:16", "text": "I I was talking to my wife about this"}, {"start": "00:33:14", "end": "00:33:18", "text": "because there's a lot of stuff you can"}, {"start": "00:33:16", "end": "00:33:20", "text": "doom scroll about quantum computing. So,"}, {"start": "00:33:18", "end": "00:33:22", "text": "we have the bad side or the the risk"}, {"start": "00:33:20", "end": "00:33:25", "text": "side, right, which will break nuclear"}, {"start": "00:33:22", "end": "00:33:27", "text": "encryption codes and all hell will break"}, {"start": "00:33:25", "end": "00:33:28", "text": "loose, water systems are bad, crypto's"}, {"start": "00:33:27", "end": "00:33:31", "text": "bad, blah blah blah. There's also the"}, {"start": "00:33:28", "end": "00:33:34", "text": "good side of development within this"}, {"start": "00:33:31", "end": "00:33:38", "text": "realm as well that's trying to harden"}, {"start": "00:33:34", "end": "00:33:41", "text": "and secure infrastructure. And so, you"}, {"start": "00:33:38", "end": "00:33:43", "text": "know, you can you can soak in all the"}, {"start": "00:33:41", "end": "00:33:45", "text": "scary parts about this and only look at"}, {"start": "00:33:43", "end": "00:33:47", "text": "that or you can acknowledge that there"}, {"start": "00:33:45", "end": "00:33:49", "text": "are two sides of the equation. There's"}, {"start": "00:33:47", "end": "00:33:53", "text": "the good and the bad. And I think as"}, {"start": "00:33:49", "end": "00:33:56", "text": "long as development on the good side of"}, {"start": "00:33:53", "end": "00:33:58", "text": "protections and encryption uh robust"}, {"start": "00:33:56", "end": "00:34:01", "text": "encryption networks built out ahead of"}, {"start": "00:33:58", "end": "00:34:04", "text": "this, I think that we're going to be"}, {"start": "00:34:01", "end": "00:34:06", "text": "okay. That's just what I'm that's where"}, {"start": "00:34:04", "end": "00:34:08", "text": "I'm sticking with right now. Because if"}, {"start": "00:34:06", "end": "00:34:10", "text": "I'm wrong and we go into civil unrest"}, {"start": "00:34:08", "end": "00:34:13", "text": "because there's no food and no water and"}, {"start": "00:34:10", "end": "00:34:15", "text": "there's bombs going off everywhere, my"}, {"start": "00:34:13", "end": "00:34:17", "text": "my crypto bag is going to be the last"}, {"start": "00:34:15", "end": "00:34:20", "text": "thing I'm thinking about."}, {"start": "00:34:17", "end": "00:34:23", "text": "And I don't want to live in that realm"}, {"start": "00:34:20", "end": "00:34:27", "text": "of just hiding under a rock waiting for"}, {"start": "00:34:23", "end": "00:34:29", "text": "this big quantum mathematical bomb to go"}, {"start": "00:34:27", "end": "00:34:31", "text": "off essentially. And maybe that's me"}, {"start": "00:34:29", "end": "00:34:33", "text": "being careless. I just don't want to"}, {"start": "00:34:31", "end": "00:34:35", "text": "lose sleep over something I have no"}, {"start": "00:34:33", "end": "00:34:38", "text": "control over. I have no control over"}, {"start": "00:34:35", "end": "00:34:40", "text": "that. Um, you know, that's the stuff"}, {"start": "00:34:38", "end": "00:34:41", "text": "that I just I want to say because we're"}, {"start": "00:34:40", "end": "00:34:41", "text": "going to be dealing with this for a"}, {"start": "00:34:41", "end": "00:34:43", "text": "while."}, {"start": "00:34:41", "end": "00:34:44", "text": ">> That's great advice. I mean, you got to"}, {"start": "00:34:43", "end": "00:34:48", "text": "foc like you said, focus on what you can"}, {"start": "00:34:44", "end": "00:34:50", "text": "control. Uh I am interested to look at"}, {"start": "00:34:48", "end": "00:34:52", "text": "uh some we I mean I know we talked about"}, {"start": "00:34:50", "end": "00:34:54", "text": "the CPI being a little bit up the kind"}, {"start": "00:34:52", "end": "00:34:56", "text": "of second third order of effects is the"}, {"start": "00:34:54", "end": "00:34:58", "text": "odds OB I think you showed the odds are"}, {"start": "00:34:56", "end": "00:35:00", "text": "much higher that we're going to get rate"}, {"start": "00:34:58", "end": "00:35:01", "text": "hike in the next couple weeks you know"}, {"start": "00:35:00", "end": "00:35:03", "text": ">> yes"}, {"start": "00:35:01", "end": "00:35:06", "text": ">> what what are those exactly yeah I can't"}, {"start": "00:35:03", "end": "00:35:08", "text": ">> 46% likelihood we hold it's 53 so it's"}, {"start": "00:35:06", "end": "00:35:10", "text": "half and half now but"}, {"start": "00:35:08", "end": "00:35:12", "text": ">> yeah so it's ticking up um I don't know"}, {"start": "00:35:10", "end": "00:35:14", "text": "if they'll do that or not um you know"}, {"start": "00:35:12", "end": "00:35:16", "text": "what's that 25th or something it's"}, {"start": "00:35:14", "end": "00:35:17", "text": "coming up in the two weeks."}, {"start": "00:35:16", "end": "00:35:19", "text": ">> Yeah. Right before Halloween, the 28th."}, {"start": "00:35:17", "end": "00:35:21", "text": "So, we got 14 days left."}, {"start": "00:35:19", "end": "00:35:24", "text": ">> Um, and that's, you know, that's an"}, {"start": "00:35:21", "end": "00:35:25", "text": "attempt to calm these bond yields. I"}, {"start": "00:35:24", "end": "00:35:27", "text": "don't think they'll that it'll have a"}, {"start": "00:35:25", "end": "00:35:29", "text": "big impact on the bond yields, but, you"}, {"start": "00:35:27", "end": "00:35:31", "text": "know, the market is going to be pricing"}, {"start": "00:35:29", "end": "00:35:33", "text": "those in. And I we, you guys covered"}, {"start": "00:35:31", "end": "00:35:35", "text": "some levels yesterday that if we lost"}, {"start": "00:35:33", "end": "00:35:36", "text": "that 83 case where it's so funny how"}, {"start": "00:35:35", "end": "00:35:38", "text": "macro and technical end up aligning, you"}, {"start": "00:35:36", "end": "00:35:40", "text": "know, hey, we're sitting on this feels"}, {"start": "00:35:38", "end": "00:35:42", "text": "like we're getting ready to lose 83. We"}, {"start": "00:35:40", "end": "00:35:44", "text": "were fighting back there for a while and"}, {"start": "00:35:42", "end": "00:35:46", "text": "then the CPI print, you know, pushed us"}, {"start": "00:35:44", "end": "00:35:48", "text": "down a little bit. Um,"}, {"start": "00:35:46", "end": "00:35:49", "text": ">> you think we're going back into the 70s?"}, {"start": "00:35:48", "end": "00:35:51", "text": ">> Yeah. I mean, the problem that we have"}, {"start": "00:35:49", "end": "00:35:53", "text": "here is 83 is the bottom end of this"}, {"start": "00:35:51", "end": "00:35:55", "text": "volume node shelf. And me and Kelly have"}, {"start": "00:35:53", "end": "00:35:57", "text": "been kind of harping on this for the"}, {"start": "00:35:55", "end": "00:36:00", "text": "last few weeks about talking about if we"}, {"start": "00:35:57", "end": "00:36:02", "text": "do come back down and keep knocking on"}, {"start": "00:36:00", "end": "00:36:05", "text": "the door of this lower bound of the"}, {"start": "00:36:02", "end": "00:36:08", "text": "range. We're kind of set up to lose it"}, {"start": "00:36:05", "end": "00:36:10", "text": "and move down to the next step in the"}, {"start": "00:36:08", "end": "00:36:11", "text": "process, which would be this volume node"}, {"start": "00:36:10", "end": "00:36:15", "text": "and kind of the local point of control"}, {"start": "00:36:11", "end": "00:36:19", "text": "at 77 to 78K. It's a very large stair"}, {"start": "00:36:15", "end": "00:36:23", "text": "for Bitcoin price to go find new support"}, {"start": "00:36:19", "end": "00:36:25", "text": "at locally. And I'm not of the opinion"}, {"start": "00:36:23", "end": "00:36:28", "text": "that we're necessarily going to break"}, {"start": "00:36:25", "end": "00:36:30", "text": "below this stair. I think 75 is going to"}, {"start": "00:36:28", "end": "00:36:33", "text": "be a real difficult nut to crack for the"}, {"start": "00:36:30", "end": "00:36:36", "text": "Bears at this point in the game. But"}, {"start": "00:36:33", "end": "00:36:39", "text": "leading into the end of the month, I am"}, {"start": "00:36:36", "end": "00:36:43", "text": "leaving my wallet and my heart open for"}, {"start": "00:36:39", "end": "00:36:45", "text": "entry points in Bitcoin and altcoins in"}, {"start": "00:36:43", "end": "00:36:48", "text": "this continuing to play out because"}, {"start": "00:36:45", "end": "00:36:51", "text": "basically the volume the value area low"}, {"start": "00:36:48", "end": "00:36:53", "text": "of this range that we've been trading in"}, {"start": "00:36:51", "end": "00:36:58", "text": "over the course of you know say the last"}, {"start": "00:36:53", "end": "00:37:01", "text": "month or so it has been tested one two"}, {"start": "00:36:58", "end": "00:37:03", "text": "three four now five times just since the"}, {"start": "00:37:01", "end": "00:37:06", "text": "beginning of this month since August 8th"}, {"start": "00:37:03", "end": "00:37:08", "text": "or October 8th. So, we are knocking on"}, {"start": "00:37:06", "end": "00:37:12", "text": "this door heavily right now. It's no"}, {"start": "00:37:08", "end": "00:37:16", "text": "longer a polite, it is a thunderous"}, {"start": "00:37:12", "end": "00:37:19", "text": "foot to the door and I do feel with just"}, {"start": "00:37:16", "end": "00:37:21", "text": "the general velocity of things that you"}, {"start": "00:37:19", "end": "00:37:23", "text": "know a tap down at least into the"}, {"start": "00:37:21", "end": "00:37:25", "text": "flatter 80 high7s"}, {"start": "00:37:23", "end": "00:37:26", "text": "is on the table and that's going to"}, {"start": "00:37:25", "end": "00:37:29", "text": "create some headwinds. is going to"}, {"start": "00:37:26", "end": "00:37:30", "text": "create some some doom posts from the"}, {"start": "00:37:29", "end": "00:37:33", "text": "people looking for this market to just"}, {"start": "00:37:30", "end": "00:37:36", "text": "roll over in aggregate. Uh but the"}, {"start": "00:37:33", "end": "00:37:41", "text": "larger plan here about"}, {"start": "00:37:36", "end": "00:37:44", "text": "what I'm seeing is this 78,000 $77,000"}, {"start": "00:37:41", "end": "00:37:46", "text": "node being that local bounce point. I do"}, {"start": "00:37:44", "end": "00:37:48", "text": "feel like that like it's not crazy for"}, {"start": "00:37:46", "end": "00:37:51", "text": "me to look at a local bounce off of what"}, {"start": "00:37:48", "end": "00:37:54", "text": "we see right now, but just a kind of a"}, {"start": "00:37:51", "end": "00:37:56", "text": "grind down into this top end of the"}, {"start": "00:37:54", "end": "00:37:58", "text": "volume node there. It's right around"}, {"start": "00:37:56", "end": "00:38:00", "text": "7879"}, {"start": "00:37:58", "end": "00:38:02", "text": "makes a whole heck of a lot of sense. If"}, {"start": "00:38:00", "end": "00:38:04", "text": "that were to occur, I think we'll see"}, {"start": "00:38:02", "end": "00:38:08", "text": "some translation over to the altcoin"}, {"start": "00:38:04", "end": "00:38:10", "text": "sector for in to a degree. Um the larger"}, {"start": "00:38:08", "end": "00:38:12", "text": "map that I like use, I don't necessarily"}, {"start": "00:38:10", "end": "00:38:14", "text": "like valuing my assets in dollars, I"}, {"start": "00:38:12", "end": "00:38:19", "text": "like valuing them in Bitcoin. So I value"}, {"start": "00:38:14", "end": "00:38:21", "text": "my altcoins against Bitcoin. And this is"}, {"start": "00:38:19", "end": "00:38:23", "text": "the general road map that I've been"}, {"start": "00:38:21", "end": "00:38:25", "text": "following and looking for bump and run"}, {"start": "00:38:23", "end": "00:38:28", "text": "pattern to play out that is played out"}, {"start": "00:38:25", "end": "00:38:30", "text": "to a degree with a local pullback coming"}, {"start": "00:38:28", "end": "00:38:32", "text": "up around 10% right now of the others to"}, {"start": "00:38:30", "end": "00:38:34", "text": "Bitcoin chart. But we're seeing a lot of"}, {"start": "00:38:32", "end": "00:38:37", "text": "strength in a good handful of these"}, {"start": "00:38:34", "end": "00:38:38", "text": "alts. And I think over the course of the"}, {"start": "00:38:37", "end": "00:38:43", "text": "next month leading into the end of"}, {"start": "00:38:38", "end": "00:38:45", "text": "October, you know, a general spot on"}, {"start": "00:38:43", "end": "00:38:49", "text": "this chart where, you know, and I'm not"}, {"start": "00:38:45", "end": "00:38:51", "text": "trying to tell anyone exactly what is"}, {"start": "00:38:49", "end": "00:38:55", "text": "the buy this month. Absolutely not. I"}, {"start": "00:38:51", "end": "00:38:59", "text": "have my sectors AI, AI and DeFi or SI"}, {"start": "00:38:55", "end": "00:39:02", "text": "and DeFi. But I think that the others to"}, {"start": "00:38:59", "end": "00:39:05", "text": "Bitcoin chart is going to go work on"}, {"start": "00:39:02", "end": "00:39:08", "text": "showing it's got support at the 50 SMA"}, {"start": "00:39:05", "end": "00:39:11", "text": "on the twoe time frame. And you can see"}, {"start": "00:39:08", "end": "00:39:12", "text": "the oneweek time frame that same 50 SMA"}, {"start": "00:39:11", "end": "00:39:15", "text": "is starting to swoop back to the upside."}, {"start": "00:39:12", "end": "00:39:18", "text": "I'm more so watching the two week and I"}, {"start": "00:39:15", "end": "00:39:20", "text": "think that a bounce right here at about"}, {"start": "00:39:18", "end": "00:39:21", "text": "0.131 makes a whole hell of a lot of"}, {"start": "00:39:20", "end": "00:39:24", "text": "sense with how the market's feeling"}, {"start": "00:39:21", "end": "00:39:27", "text": "right now. Yes, I do think altcoins are"}, {"start": "00:39:24", "end": "00:39:29", "text": "setting themselves up for a really nice"}, {"start": "00:39:27", "end": "00:39:31", "text": "bounce in aggregate back up to a zone"}, {"start": "00:39:29", "end": "00:39:33", "text": "that we haven't seen in 5 years. This is"}, {"start": "00:39:31", "end": "00:39:35", "text": "why so many people are pissed off at"}, {"start": "00:39:33", "end": "00:39:38", "text": "altcoins is because it's performed very"}, {"start": "00:39:35", "end": "00:39:40", "text": "poorly against Bitcoin since 2022,"}, {"start": "00:39:38", "end": "00:39:44", "text": "January 22. It's a lot of pain, a lot of"}, {"start": "00:39:40", "end": "00:39:46", "text": "pain in this chart. But we're coiling."}, {"start": "00:39:44", "end": "00:39:48", "text": "We're building ourselves up off of an"}, {"start": "00:39:46", "end": "00:39:50", "text": "upward trend line. And I think as long"}, {"start": "00:39:48", "end": "00:39:53", "text": "as over the course of the next month we"}, {"start": "00:39:50", "end": "00:39:57", "text": "can show that we have some support at"}, {"start": "00:39:53", "end": "00:40:00", "text": "that near 13 proper level 0.13 level"}, {"start": "00:39:57", "end": "00:40:02", "text": "that's going to mean a massive massive"}, {"start": "00:40:00", "end": "00:40:06", "text": "springboard is built. It's complete and"}, {"start": "00:40:02", "end": "00:40:08", "text": "ready for 2027 to get silly. So I'm"}, {"start": "00:40:06", "end": "00:40:10", "text": "keeping an eye on the Bitcoin chart for"}, {"start": "00:40:08", "end": "00:40:12", "text": "sure. Um you know and a lot of people"}, {"start": "00:40:10", "end": "00:40:15", "text": "that felt like they missed out when"}, {"start": "00:40:12", "end": "00:40:17", "text": "Bitcoin was getting near 90k again. I"}, {"start": "00:40:15", "end": "00:40:19", "text": "think we're gonna have a breath of fresh"}, {"start": "00:40:17", "end": "00:40:22", "text": "air. I think those folks that are"}, {"start": "00:40:19", "end": "00:40:24", "text": "sidelined are gonna have a chance here."}, {"start": "00:40:22", "end": "00:40:26", "text": "Not gonna, you know, force the horse to"}, {"start": "00:40:24", "end": "00:40:29", "text": "water to drink. I'm not going to do that"}, {"start": "00:40:26", "end": "00:40:32", "text": "at all. But I am saying that the larger"}, {"start": "00:40:29", "end": "00:40:34", "text": "context of this is setting up basically"}, {"start": "00:40:32", "end": "00:40:37", "text": "a bump and run springboard. And this is"}, {"start": "00:40:34", "end": "00:40:39", "text": "the kind of design to any market that I"}, {"start": "00:40:37", "end": "00:40:41", "text": "like seeing as it gets ready to head"}, {"start": "00:40:39", "end": "00:40:44", "text": "into a new aggregate bull market is"}, {"start": "00:40:41", "end": "00:40:46", "text": "stair steps. You want to build up, make"}, {"start": "00:40:44", "end": "00:40:49", "text": "a move back down, prove support, move"}, {"start": "00:40:46", "end": "00:40:51", "text": "up, move back down, prove support, and"}, {"start": "00:40:49", "end": "00:40:54", "text": "stair step your way on up. That builds"}, {"start": "00:40:51", "end": "00:40:56", "text": "for a healthy, healthy bull market that"}, {"start": "00:40:54", "end": "00:40:59", "text": "can last for a good amount of time. So,"}, {"start": "00:40:56", "end": "00:41:02", "text": "that's what I'm seeing. And uh you know"}, {"start": "00:40:59", "end": "00:41:04", "text": "with that that's kind of why shopping on"}, {"start": "00:41:02", "end": "00:41:07", "text": "the coin market cap's biggest pullbacks"}, {"start": "00:41:04", "end": "00:41:09", "text": "is so much fun right now because"}, {"start": "00:41:07", "end": "00:41:11", "text": "I know that some of these projects that"}, {"start": "00:41:09", "end": "00:41:13", "text": "we're looking at in the top 100 and 200"}, {"start": "00:41:11", "end": "00:41:15", "text": "are going to well outpace my"}, {"start": "00:41:13", "end": "00:41:18", "text": "expectations. But it's all about"}, {"start": "00:41:15", "end": "00:41:20", "text": "choosing the right one. This is"}, {"start": "00:41:18", "end": "00:41:25", "text": "interesting. TJ Venice"}, {"start": "00:41:20", "end": "00:41:27", "text": "is refusing to acknowledge pain today."}, {"start": "00:41:25", "end": "00:41:30", "text": "This is very interesting."}, {"start": "00:41:27", "end": "00:41:34", "text": "So, Venice has perfectly tapped that"}, {"start": "00:41:30", "end": "00:41:36", "text": "previous original all-time high at $20"}, {"start": "00:41:34", "end": "00:41:40", "text": "and it is kind of shrugging that off"}, {"start": "00:41:36", "end": "00:41:41", "text": "right now. I mean, this is an AI project"}, {"start": "00:41:40", "end": "00:41:43", "text": "that's got some pretty God, look at"}, {"start": "00:41:41", "end": "00:41:45", "text": "that. It's actually defending itself way"}, {"start": "00:41:43", "end": "00:41:47", "text": ">> starting to get some support there."}, {"start": "00:41:45", "end": "00:41:48", "text": ">> Yeah, I'm gonna have to add this to the"}, {"start": "00:41:47", "end": "00:41:50", "text": "buy list here."}, {"start": "00:41:48", "end": "00:41:52", "text": ">> I like You guys know I like Venice. Um,"}, {"start": "00:41:50", "end": "00:41:55", "text": "it's a good play on inference when it"}, {"start": "00:41:52", "end": "00:41:56", "text": "comes to AI. So"}, {"start": "00:41:55", "end": "00:41:59", "text": "long this is a more of a longer term"}, {"start": "00:41:56", "end": "00:42:01", "text": "thing, but yeah, I think you know I'm"}, {"start": "00:41:59", "end": "00:42:02", "text": "this is one of my I don't know what's"}, {"start": "00:42:01", "end": "00:42:03", "text": "the what's its ranking now? Market cap"}, {"start": "00:42:02", "end": "00:42:05", "text": "ranking."}, {"start": "00:42:03", "end": "00:42:06", "text": ">> Uh it's number 59. So I mean"}, {"start": "00:42:05", "end": "00:42:09", "text": ">> so it's not that deep, but I mean it's"}, {"start": "00:42:06", "end": "00:42:10", "text": "one of my deeper, you know, I don't go I"}, {"start": "00:42:09", "end": "00:42:12", "text": "don't go too far down the market cap"}, {"start": "00:42:10", "end": "00:42:14", "text": "ladder. I pretty much I don't know if I"}, {"start": "00:42:12", "end": "00:42:15", "text": "have anything outside of the top 200,"}, {"start": "00:42:14", "end": "00:42:18", "text": "but"}, {"start": "00:42:15", "end": "00:42:20", "text": ">> um yeah, Arrow and VVV are some of my"}, {"start": "00:42:18", "end": "00:42:21", "text": "you know, Origin Trail might be one of"}, {"start": "00:42:20", "end": "00:42:24", "text": "the deepest ones on the list of things"}, {"start": "00:42:21", "end": "00:42:26", "text": "that I hold, but uh Origin Trail and VVV"}, {"start": "00:42:24", "end": "00:42:29", "text": "if you kind of want to go again further"}, {"start": "00:42:26", "end": "00:42:31", "text": "down. You got your obvious near tow"}, {"start": "00:42:29", "end": "00:42:33", "text": "render type plays, but I don't have any"}, {"start": "00:42:31", "end": "00:42:35", "text": "render, I don't think. But um"}, {"start": "00:42:33", "end": "00:42:37", "text": ">> I took a snag at Origin. I took a snag"}, {"start": "00:42:35", "end": "00:42:37", "text": "at Origin. I did it on the basement"}, {"start": "00:42:37", "end": "00:42:39", "text": "show."}, {"start": "00:42:37", "end": "00:42:40", "text": ">> It's strong, man. It's strong. Yeah, I"}, {"start": "00:42:39", "end": "00:42:42", "text": "remember you came in. I remember you"}, {"start": "00:42:40", "end": "00:42:44", "text": "kind of telling me like, man, I just did"}, {"start": "00:42:42", "end": "00:42:46", "text": "a deep dive on it and I think I got to"}, {"start": "00:42:44", "end": "00:42:47", "text": "buy. I mean, you sold you swapped some"}, {"start": "00:42:46", "end": "00:42:49", "text": "soul for it, right?"}, {"start": "00:42:47", "end": "00:42:51", "text": ">> I swapped some Salana for this damn"}, {"start": "00:42:49", "end": "00:42:53", "text": "token. Okay. So, I am highly at risk"}, {"start": "00:42:51", "end": "00:42:55", "text": "here. All right. Swapping out"}, {"start": "00:42:53", "end": "00:42:57", "text": ">> a coin I like as much as a piece of"}, {"start": "00:42:55", "end": "00:43:00", "text": "salana for it. But"}, {"start": "00:42:57", "end": "00:43:02", "text": ">> right now, um,"}, {"start": "00:43:00", "end": "00:43:04", "text": ">> it's fully circulating supply. Uh, this"}, {"start": "00:43:02", "end": "00:43:07", "text": "is one thing that's getting more and"}, {"start": "00:43:04", "end": "00:43:07", "text": "more rare these days is, uh, hard cap,"}, {"start": "00:43:07", "end": "00:43:08", "text": ">> right?"}, {"start": "00:43:07", "end": "00:43:10", "text": ">> You know, hard cap on it. fully"}, {"start": "00:43:08", "end": "00:43:11", "text": "circulating supply. So, really strong"}, {"start": "00:43:10", "end": "00:43:14", "text": "tokconomics,"}, {"start": "00:43:11", "end": "00:43:16", "text": "really serious use case as far as, you"}, {"start": "00:43:14", "end": "00:43:20", "text": "know, effectively what it's trying to do"}, {"start": "00:43:16", "end": "00:43:22", "text": "is just make it uh prove what's AI and"}, {"start": "00:43:20", "end": "00:43:25", "text": "what's not. I think that's going to get"}, {"start": "00:43:22", "end": "00:43:26", "text": "much more necessary as time goes on. Uh"}, {"start": "00:43:25", "end": "00:43:28", "text": "not necessarily like World Coin, like"}, {"start": "00:43:26", "end": "00:43:30", "text": "proof of human, but just kind of proof"}, {"start": "00:43:28", "end": "00:43:31", "text": "of, you know, in in the name, the"}, {"start": "00:43:30", "end": "00:43:32", "text": "origin. Where did this come from,"}, {"start": "00:43:31", "end": "00:43:32", "text": ">> right?"}, {"start": "00:43:32", "end": "00:43:34", "text": ">> Um"}, {"start": "00:43:32", "end": "00:43:36", "text": ">> well, and look at the money flow on the"}, {"start": "00:43:34", "end": "00:43:38", "text": "week on the two week time frame. This is"}, {"start": "00:43:36", "end": "00:43:41", "text": "what set me over the edge. uh seeing the"}, {"start": "00:43:38", "end": "00:43:45", "text": "money flow coming up that cleanly and"}, {"start": "00:43:41", "end": "00:43:48", "text": "sharply on the two-eek time frame and a"}, {"start": "00:43:45", "end": "00:43:51", "text": "very very nice kind of U-shaped swooping"}, {"start": "00:43:48", "end": "00:43:53", "text": "pattern going on here. So, you know, I"}, {"start": "00:43:51", "end": "00:43:56", "text": "had to make a move on I had to make a"}, {"start": "00:43:53", "end": "00:43:57", "text": "move. I got and it's a very small market"}, {"start": "00:43:56", "end": "00:43:59", "text": "cap in comparison to the other projects."}, {"start": "00:43:57", "end": "00:44:01", "text": "I think that this is the smallest market"}, {"start": "00:43:59", "end": "00:44:04", "text": "cap project I hold because it's around"}, {"start": "00:44:01", "end": "00:44:07", "text": "$216 million market cap uh what someone"}, {"start": "00:44:04", "end": "00:44:09", "text": "would call a micro cap. But you know"}, {"start": "00:44:07", "end": "00:44:10", "text": "what? I risk it for the biscuit. I like"}, {"start": "00:44:09", "end": "00:44:11", "text": "to do research and then"}, {"start": "00:44:10", "end": "00:44:14", "text": ">> Well, yeah. I wouldn't call this a"}, {"start": "00:44:11", "end": "00:44:17", "text": "micro. I mean, this is a low mid or"}, {"start": "00:44:14", "end": "00:44:17", "text": "lower micro cap to me is like under 100"}, {"start": "00:44:17", "end": "00:44:18", "text": "million."}, {"start": "00:44:17", "end": "00:44:21", "text": ">> Yeah."}, {"start": "00:44:18", "end": "00:44:22", "text": ">> You know, micro I I guess like"}, {"start": "00:44:21", "end": "00:44:24", "text": ">> like that's like 10 million, 15 million,"}, {"start": "00:44:22", "end": "00:44:27", "text": "which again these days I'm not I'm not"}, {"start": "00:44:24", "end": "00:44:28", "text": "playing in those those pools anymore."}, {"start": "00:44:27", "end": "00:44:29", "text": "But I did see somebody in here saying,"}, {"start": "00:44:28", "end": "00:44:31", "text": "\"Oh, I wish you guys would cover lower"}, {"start": "00:44:29", "end": "00:44:34", "text": "cap.\" So I guess this is as low as it"}, {"start": "00:44:31", "end": "00:44:35", "text": "goes for me. Origin Trail. Um so there"}, {"start": "00:44:34", "end": "00:44:37", "text": "you go. There's your low cap."}, {"start": "00:44:35", "end": "00:44:40", "text": ">> Well, and the ones that are at 10 mil"}, {"start": "00:44:37", "end": "00:44:43", "text": "that I forgot that I hold. Uh, actually,"}, {"start": "00:44:40", "end": "00:44:44", "text": "I mean, I got a decent amount in there."}, {"start": "00:44:43", "end": "00:44:46", "text": "Um,"}, {"start": "00:44:44", "end": "00:44:47", "text": ">> I got a teeny tiny bit of mamo. I guess"}, {"start": "00:44:46", "end": "00:44:49", "text": "that would be my micro cap."}, {"start": "00:44:47", "end": "00:44:49", "text": ">> Mammo I think died. I think mamo is"}, {"start": "00:44:49", "end": "00:44:50", "text": "dead."}, {"start": "00:44:49", "end": "00:44:52", "text": ">> I think it is dead, but I still have a"}, {"start": "00:44:50", "end": "00:44:55", "text": "[laughter] little bit."}, {"start": "00:44:52", "end": "00:44:56", "text": ">> It seems she's done, Jim. Um, yeah. So,"}, {"start": "00:44:55", "end": "00:44:59", "text": "I hold a little bit of me. And, you"}, {"start": "00:44:56", "end": "00:45:01", "text": "know, it's not that I hold Hex. Uh, you"}, {"start": "00:44:59", "end": "00:45:03", "text": "know, I can't get over the fact that"}, {"start": "00:45:01", "end": "00:45:04", "text": "with all this going on, Richard Hart has"}, {"start": "00:45:03", "end": "00:45:06", "text": "to get arrested in his tan bull"}, {"start": "00:45:04", "end": "00:45:08", "text": "yesterday. It, you know, we're seeing"}, {"start": "00:45:06", "end": "00:45:10", "text": "this tax evasion thing."}, {"start": "00:45:08", "end": "00:45:10", "text": ">> That's good. It's nature's healing, you"}, {"start": "00:45:10", "end": "00:45:11", "text": "know."}, {"start": "00:45:10", "end": "00:45:12", "text": ">> Yeah."}, {"start": "00:45:11", "end": "00:45:14", "text": ">> This is positive for the world. Speaking"}, {"start": "00:45:12", "end": "00:45:17", "text": "of nature healing and people getting"}, {"start": "00:45:14", "end": "00:45:19", "text": "what's coming to them, we've got this, I"}, {"start": "00:45:17", "end": "00:45:22", "text": "don't know if you saw Bank of America"}, {"start": "00:45:19", "end": "00:45:25", "text": "stock crash 8.3% after being fined 1.2"}, {"start": "00:45:22", "end": "00:45:28", "text": "billion for violating moneyaundering and"}, {"start": "00:45:25", "end": "00:45:30", "text": "sanctions law. So, uh, now 1 point I"}, {"start": "00:45:28", "end": "00:45:31", "text": "guarantee they made way more than 1.2"}, {"start": "00:45:30", "end": "00:45:33", "text": "billion. That's a slap on the wrist for"}, {"start": "00:45:31", "end": "00:45:35", "text": "them. But this, you know, this is where"}, {"start": "00:45:33", "end": "00:45:37", "text": "the real pain comes from. So,"}, {"start": "00:45:35", "end": "00:45:39", "text": ">> when they say, uh, crypto is for"}, {"start": "00:45:37", "end": "00:45:40", "text": "criminals, it's actually banking. You"}, {"start": "00:45:39", "end": "00:45:41", "text": "know, more money laundering and fraud"}, {"start": "00:45:40", "end": "00:45:43", "text": "and all kinds of dirty money goes"}, {"start": "00:45:41", "end": "00:45:44", "text": "through banks than anywhere else in the"}, {"start": "00:45:43", "end": "00:45:44", "text": "world. So,"}, {"start": "00:45:44", "end": "00:45:47", "text": ">> yeah,"}, {"start": "00:45:44", "end": "00:45:49", "text": ">> I did see this and chat chat feel free"}, {"start": "00:45:47", "end": "00:45:52", "text": "to answer too. If you could pick one one"}, {"start": "00:45:49", "end": "00:45:54", "text": "coin to allocate, if you had to pick one"}, {"start": "00:45:52", "end": "00:45:56", "text": "to allocate which AI coin? Uh, I know"}, {"start": "00:45:54", "end": "00:45:57", "text": "mine. You want you gonna say yours,"}, {"start": "00:45:56", "end": "00:46:01", "text": "Drew?"}, {"start": "00:45:57", "end": "00:46:03", "text": ">> Well, so my two biggest alt holdings are"}, {"start": "00:46:01", "end": "00:46:07", "text": "two of them. The biggest alt holding I"}, {"start": "00:46:03", "end": "00:46:08", "text": "have is tow and right behind it is near."}, {"start": "00:46:07", "end": "00:46:10", "text": "Ne near protocol."}, {"start": "00:46:08", "end": "00:46:11", "text": ">> Near. If I had to pick one, it's near."}, {"start": "00:46:10", "end": "00:46:13", "text": "That's just that's me."}, {"start": "00:46:11", "end": "00:46:14", "text": ">> Tow sit back. A lot. I think you're"}, {"start": "00:46:13", "end": "00:46:18", "text": "going to hear a lot of Tao and Near. I"}, {"start": "00:46:14", "end": "00:46:20", "text": "mean, those are my top two. Um, but near"}, {"start": "00:46:18", "end": "00:46:21", "text": "Near's just got me going. Like, it's"}, {"start": "00:46:20", "end": "00:46:22", "text": "probably just because I've researched it"}, {"start": "00:46:21", "end": "00:46:24", "text": "recently, but"}, {"start": "00:46:22", "end": "00:46:26", "text": ">> very bullish on near. I think the bigger"}, {"start": "00:46:24", "end": "00:46:28", "text": "thing about AI coins, man, is that"}, {"start": "00:46:26", "end": "00:46:32", "text": "they're more of a conceptual trade right"}, {"start": "00:46:28", "end": "00:46:35", "text": "now. I mean, if you see even a portion"}, {"start": "00:46:32", "end": "00:46:38", "text": "of the real AI economy make its way onto"}, {"start": "00:46:35", "end": "00:46:42", "text": "either near or any of these things that"}, {"start": "00:46:38", "end": "00:46:45", "text": "we talked about, VVV, that's where the"}, {"start": "00:46:42", "end": "00:46:46", "text": "crazy crazy price action can actually"}, {"start": "00:46:45", "end": "00:46:48", "text": "happen. And that's the stuff that really"}, {"start": "00:46:46", "end": "00:46:51", "text": "gets me. If I'm holding altcoin, I want"}, {"start": "00:46:48", "end": "00:46:51", "text": "the potential for absolute chaos. You"}, {"start": "00:46:51", "end": "00:46:53", "text": "know what I mean? Because I've"}, {"start": "00:46:51", "end": "00:46:54", "text": "experienced it a couple times over. I've"}, {"start": "00:46:53", "end": "00:46:56", "text": "done it a couple times over."}, {"start": "00:46:54", "end": "00:46:57", "text": ">> Mhm. Yeah. We want we want the chaos."}, {"start": "00:46:56", "end": "00:46:59", "text": "That's why we're here. We're here"}, {"start": "00:46:57", "end": "00:47:01", "text": "because we're a little bit mentally"}, {"start": "00:46:59", "end": "00:47:03", "text": "deranged. And we uh we love risk a"}, {"start": "00:47:01", "end": "00:47:04", "text": "little too much when it comes to our uh"}, {"start": "00:47:03", "end": "00:47:05", "text": "livelihood futures, but"}, {"start": "00:47:04", "end": "00:47:06", "text": ">> absolutely"}, {"start": "00:47:05", "end": "00:47:09", "text": ">> take profit areas on these three coins,"}, {"start": "00:47:06", "end": "00:47:11", "text": "arrow, near, and uni. We've talked about"}, {"start": "00:47:09", "end": "00:47:13", "text": "this a decent amount. This is not a"}, {"start": "00:47:11", "end": "00:47:16", "text": "one-sizefits-all answer."}, {"start": "00:47:13", "end": "00:47:18", "text": ">> Um so be careful with that. You know, we"}, {"start": "00:47:16", "end": "00:47:20", "text": "just did a whole community call on uh"}, {"start": "00:47:18", "end": "00:47:21", "text": "taking profits last week. Speaking of,"}, {"start": "00:47:20", "end": "00:47:23", "text": "we have a community call in school today"}, {"start": "00:47:21", "end": "00:47:25", "text": "at 2:00 that we're going to be doing."}, {"start": "00:47:23", "end": "00:47:27", "text": "Uh, Kelly's going to be"}, {"start": "00:47:25", "end": "00:47:29", "text": ">> uh giving a walkthrough guide on the"}, {"start": "00:47:27", "end": "00:47:31", "text": "release of our our full research"}, {"start": "00:47:29", "end": "00:47:32", "text": "platform that's available now through"}, {"start": "00:47:31", "end": "00:47:35", "text": "school. So, when you're in school, you"}, {"start": "00:47:32", "end": "00:47:36", "text": "get a whole tech stack that goes with"}, {"start": "00:47:35", "end": "00:47:38", "text": "it. I mean, there's courses and"}, {"start": "00:47:36", "end": "00:47:39", "text": "classrooms and calls and posts and all"}, {"start": "00:47:38", "end": "00:47:42", "text": "sorts of valuable stuff in there, but we"}, {"start": "00:47:39", "end": "00:47:43", "text": "also, yeah, give you all the AI tools"}, {"start": "00:47:42", "end": "00:47:45", "text": "that we're building and using for"}, {"start": "00:47:43", "end": "00:47:47", "text": "ourselves, we're giving you access to"}, {"start": "00:47:45", "end": "00:47:48", "text": "through school. Uh, so that's part of"}, {"start": "00:47:47", "end": "00:47:50", "text": "what you're getting with it. So, we're"}, {"start": "00:47:48", "end": "00:47:55", "text": "going over that today. But when it comes"}, {"start": "00:47:50", "end": "00:47:57", "text": "to this question, Aeron or Uni, I to me"}, {"start": "00:47:55", "end": "00:47:59", "text": "the way I do take profits and and I'm"}, {"start": "00:47:57", "end": "00:48:01", "text": "more of a investor than trader. So,"}, {"start": "00:47:59", "end": "00:48:02", "text": "again, if you're trading, you're"}, {"start": "00:48:01", "end": "00:48:04", "text": "swinging trading, that's different, you"}, {"start": "00:48:02", "end": "00:48:06", "text": "know, than what I'm doing with it. I'm"}, {"start": "00:48:04", "end": "00:48:08", "text": "kind of like buy and hold type and, you"}, {"start": "00:48:06", "end": "00:48:10", "text": "know, large numbers and I'm hoping to"}, {"start": "00:48:08", "end": "00:48:12", "text": "get certain multiples. So, for me, it's"}, {"start": "00:48:10", "end": "00:48:14", "text": "a combination of time, price, and I"}, {"start": "00:48:12", "end": "00:48:17", "text": "think I'm going to layer in Bitcoin"}, {"start": "00:48:14", "end": "00:48:20", "text": "dominance this time. So, I'm looking for"}, {"start": "00:48:17", "end": "00:48:22", "text": "arrow and near roughly, you know, you"}, {"start": "00:48:20", "end": "00:48:23", "text": "can throw I mean, we throw these numbers"}, {"start": "00:48:22", "end": "00:48:26", "text": "out a lot. Five to eight dollars on"}, {"start": "00:48:23", "end": "00:48:28", "text": "arrow, you know, potentially $30 on"}, {"start": "00:48:26", "end": "00:48:30", "text": "near, you know, definitely over 10, but"}, {"start": "00:48:28", "end": "00:48:31", "text": "you know, 20 to 30 starts to look really"}, {"start": "00:48:30", "end": "00:48:33", "text": "nice. I don't know if I have a number"}, {"start": "00:48:31", "end": "00:48:35", "text": "off the top of my head on uni. I'd have"}, {"start": "00:48:33", "end": "00:48:37", "text": "to I'd have to dig into that. But for"}, {"start": "00:48:35", "end": "00:48:39", "text": "me, it's more,"}, {"start": "00:48:37", "end": "00:48:42", "text": ">> you know, you're looking at, you know,"}, {"start": "00:48:39", "end": "00:48:44", "text": "mid 27, what was it, April 27 for, you"}, {"start": "00:48:42", "end": "00:48:45", "text": "know, a potential huge altcoin rally."}, {"start": "00:48:44", "end": "00:48:48", "text": "And then yeah,"}, {"start": "00:48:45", "end": "00:48:50", "text": ">> in the mid to late 2028, you know, so"}, {"start": "00:48:48", "end": "00:48:53", "text": "time has been a much better indicator"}, {"start": "00:48:50", "end": "00:48:54", "text": "for tops for me over the course of this"}, {"start": "00:48:53", "end": "00:48:57", "text": "than price. I mean, there's definitely"}, {"start": "00:48:54", "end": "00:48:59", "text": "something to be said for, hey, I get a"}, {"start": "00:48:57", "end": "00:49:01", "text": "2x, I pull it out, I get a 4x, I pull it"}, {"start": "00:48:59", "end": "00:49:03", "text": "out, or at least pull out half or"}, {"start": "00:49:01", "end": "00:49:05", "text": "whatever it is. So, you know, that's why"}, {"start": "00:49:03", "end": "00:49:06", "text": "it's again, I wanted to answer that"}, {"start": "00:49:05", "end": "00:49:08", "text": "question, but it's not really a"}, {"start": "00:49:06", "end": "00:49:09", "text": "one-sizefits-all. So, that's those are"}, {"start": "00:49:08", "end": "00:49:12", "text": "my"}, {"start": "00:49:09", "end": "00:49:16", "text": ">> fit in. You know, I that's why the last"}, {"start": "00:49:12", "end": "00:49:18", "text": "night's video, the altcoin road map is"}, {"start": "00:49:16", "end": "00:49:21", "text": "going to matter a lot because I really"}, {"start": "00:49:18", "end": "00:49:26", "text": "do feel like in 2027, you're going to"}, {"start": "00:49:21", "end": "00:49:28", "text": "feel like the top is in for alts. And"}, {"start": "00:49:26", "end": "00:49:30", "text": "according to history and the metrics"}, {"start": "00:49:28", "end": "00:49:33", "text": "that I'm working off of right now, the"}, {"start": "00:49:30", "end": "00:49:36", "text": "middle like April of 27 is going to be"}, {"start": "00:49:33", "end": "00:49:39", "text": "exciting followed by drawback, calm and"}, {"start": "00:49:36", "end": "00:49:43", "text": "equilibrium and then a final move for"}, {"start": "00:49:39", "end": "00:49:44", "text": "alts in 2028 ahead of Bitcoin. Again, I"}, {"start": "00:49:43", "end": "00:49:47", "text": "think the biggest thing that we need to"}, {"start": "00:49:44", "end": "00:49:50", "text": "take out is that there is not going to"}, {"start": "00:49:47", "end": "00:49:53", "text": "be an exact picture perfect overlayment"}, {"start": "00:49:50", "end": "00:49:54", "text": "of the, you know, Bitcoin to altcoin"}, {"start": "00:49:53", "end": "00:49:59", "text": "explosion moments. I think they're going"}, {"start": "00:49:54", "end": "00:50:01", "text": "to be timed differently. And so, that"}, {"start": "00:49:59", "end": "00:50:03", "text": "being said, you know, when I get into"}, {"start": "00:50:01", "end": "00:50:05", "text": "situations like this, which we're in"}, {"start": "00:50:03", "end": "00:50:06", "text": "accumulation in my opinion for like the"}, {"start": "00:50:05", "end": "00:50:09", "text": "next six months, we're going to have a"}, {"start": "00:50:06", "end": "00:50:11", "text": "great spot in hindsight of where we"}, {"start": "00:50:09", "end": "00:50:15", "text": "could have bought things."}, {"start": "00:50:11", "end": "00:50:16", "text": ">> Agreed. Um, and so, you know, there's"}, {"start": "00:50:15", "end": "00:50:19", "text": "nothing that makes it easier for me to"}, {"start": "00:50:16", "end": "00:50:21", "text": "be moving forward and seeing what's on"}, {"start": "00:50:19", "end": "00:50:23", "text": "the other side in my altcoin bags than"}, {"start": "00:50:21", "end": "00:50:26", "text": "working off of house money. And I think"}, {"start": "00:50:23", "end": "00:50:29", "text": "that that ability is going to be shown"}, {"start": "00:50:26", "end": "00:50:31", "text": "in 2027. It's up to people to take"}, {"start": "00:50:29", "end": "00:50:36", "text": "advantage of it. I think that it's going"}, {"start": "00:50:31", "end": "00:50:39", "text": "to play out. But in general, I am us I I"}, {"start": "00:50:36", "end": "00:50:42", "text": "I don't like having a 100% of what I"}, {"start": "00:50:39", "end": "00:50:44", "text": "originally bought in an altcoin on the"}, {"start": "00:50:42", "end": "00:50:47", "text": "front lines the entirety of that glow up"}, {"start": "00:50:44", "end": "00:50:49", "text": "season. I really really don't because I"}, {"start": "00:50:47", "end": "00:50:51", "text": "like playing with house money. I like to"}, {"start": "00:50:49", "end": "00:50:53", "text": "take profits and let things run for me"}, {"start": "00:50:51", "end": "00:50:55", "text": "if it's still positioned in the right"}, {"start": "00:50:53", "end": "00:50:57", "text": "narrative. It makes me sleep a little"}, {"start": "00:50:55", "end": "00:51:00", "text": "bit easier at night. And unis swap, you"}, {"start": "00:50:57", "end": "00:51:03", "text": "know, as I said, I I do like unis swap"}, {"start": "00:51:00", "end": "00:51:08", "text": "in terms of the chart and what it is as"}, {"start": "00:51:03", "end": "00:51:12", "text": "a protocol. Now, unis swap I do feel"}, {"start": "00:51:08", "end": "00:51:15", "text": "will crack $20 in this coming years. I I"}, {"start": "00:51:12", "end": "00:51:17", "text": "do think it's at seven bucks right now."}, {"start": "00:51:15", "end": "00:51:18", "text": "It's already flipped the 200 SMA on the"}, {"start": "00:51:17", "end": "00:51:22", "text": "weekly time frame with strong"}, {"start": "00:51:18", "end": "00:51:24", "text": "conviction. I think the money flow is"}, {"start": "00:51:22", "end": "00:51:25", "text": "setting up something similar to what I"}, {"start": "00:51:24", "end": "00:51:27", "text": "saw on this is almost like a hyperl"}, {"start": "00:51:25", "end": "00:51:29", "text": "liquid pre-lowup"}, {"start": "00:51:27", "end": "00:51:31", "text": "uh money flow signal here which is very"}, {"start": "00:51:29", "end": "00:51:36", "text": "interesting as well. You don't see that"}, {"start": "00:51:31", "end": "00:51:38", "text": "very often. Um the daily time frame is,"}, {"start": "00:51:36", "end": "00:51:40", "text": "you know, showing that midterm caution,"}, {"start": "00:51:38", "end": "00:51:42", "text": "but it's got a macro point of control on"}, {"start": "00:51:40", "end": "00:51:47", "text": "the daily at around $6.30. So, you know,"}, {"start": "00:51:42", "end": "00:51:51", "text": "if I'm if I'm swing trading this or say"}, {"start": "00:51:47", "end": "00:51:54", "text": "over the next say few weeks, you know,"}, {"start": "00:51:51", "end": "00:51:56", "text": "local resistance would be around $99"}, {"start": "00:51:54", "end": "00:51:59", "text": "$9.15."}, {"start": "00:51:56", "end": "00:52:00", "text": "Um, I can see that very much so, but I"}, {"start": "00:51:59", "end": "00:52:03", "text": "again, kind of like TJ, I'm looking at"}, {"start": "00:52:00", "end": "00:52:04", "text": "this project more in a spot holding, you"}, {"start": "00:52:03", "end": "00:52:08", "text": "know, over the course of the next few"}, {"start": "00:52:04", "end": "00:52:10", "text": "years play. I don't see $20 being able"}, {"start": "00:52:08", "end": "00:52:11", "text": "to stop this project when it really"}, {"start": "00:52:10", "end": "00:52:13", "text": "really does start cooking because you"}, {"start": "00:52:11", "end": "00:52:16", "text": "have to keep in mind we are still in the"}, {"start": "00:52:13", "end": "00:52:18", "text": "red on the money flow for this project."}, {"start": "00:52:16", "end": "00:52:21", "text": "On a larger time frame, unis swap is"}, {"start": "00:52:18", "end": "00:52:24", "text": "still down in terms of money flowing in"}, {"start": "00:52:21", "end": "00:52:27", "text": "and so we haven't really seen that big"}, {"start": "00:52:24", "end": "00:52:29", "text": "strong impulse yet. All we've seen is a"}, {"start": "00:52:27", "end": "00:52:32", "text": "blip on the life support machine showing"}, {"start": "00:52:29", "end": "00:52:33", "text": "us that it's not dead. The revenue is"}, {"start": "00:52:32", "end": "00:52:35", "text": "still there. The mechanics are being"}, {"start": "00:52:33", "end": "00:52:38", "text": "adjusted to make sure that token value"}, {"start": "00:52:35", "end": "00:52:41", "text": "capture is stronger this time. And"}, {"start": "00:52:38", "end": "00:52:43", "text": "really, I mean, this thing actually"}, {"start": "00:52:41", "end": "00:52:45", "text": "looks really good [laughter] from this"}, {"start": "00:52:43", "end": "00:52:47", "text": "is a two-eek time frame. You see this"}, {"start": "00:52:45", "end": "00:52:48", "text": "too, dude. Look at this. This is"}, {"start": "00:52:47", "end": "00:52:51", "text": "actually going to matter a lot for a"}, {"start": "00:52:48", "end": "00:52:55", "text": "unis swap. Look at this. So a a very"}, {"start": "00:52:51", "end": "00:52:58", "text": "very sharply angled bull div on the"}, {"start": "00:52:55", "end": "00:53:00", "text": "money flow moving up from bare market to"}, {"start": "00:52:58", "end": "00:53:04", "text": "bare market while you have the price"}, {"start": "00:53:00", "end": "00:53:07", "text": "action in the macro moving lower. This"}, {"start": "00:53:04", "end": "00:53:09", "text": "is setting up a very large bull. I mean"}, {"start": "00:53:07", "end": "00:53:11", "text": "I I'm probably one of the only ones"}, {"start": "00:53:09", "end": "00:53:13", "text": "daring enough terms of technical"}, {"start": "00:53:11", "end": "00:53:16", "text": "analysis to bring this up, but that is a"}, {"start": "00:53:13", "end": "00:53:18", "text": "massive springboard being built on a"}, {"start": "00:53:16", "end": "00:53:19", "text": "still useful product right there. So,"}, {"start": "00:53:18", "end": "00:53:20", "text": "I'm like,"}, {"start": "00:53:19", "end": "00:53:22", "text": ">> yeah, it's it's a clear infrastructure"}, {"start": "00:53:20", "end": "00:53:24", "text": "play and I agree I agree with everything"}, {"start": "00:53:22", "end": "00:53:26", "text": "you just said. I mean, in the long-term"}, {"start": "00:53:24", "end": "00:53:27", "text": "time frame, you know, you you do the"}, {"start": "00:53:26", "end": "00:53:29", "text": "technical stuff a lot better than I do."}, {"start": "00:53:27", "end": "00:53:30", "text": "So, yeah, if you tell me it's looking"}, {"start": "00:53:29", "end": "00:53:32", "text": "good technically, it's like, great,"}, {"start": "00:53:30", "end": "00:53:36", "text": "great. You're confirming my bias"}, {"start": "00:53:32", "end": "00:53:39", "text": "already. So, um, Uni, Uni, and Arrow sit"}, {"start": "00:53:36", "end": "00:53:41", "text": "about the same uh size in my portfolio."}, {"start": "00:53:39", "end": "00:53:43", "text": "I like them both. Uh, like I think, you"}, {"start": "00:53:41", "end": "00:53:46", "text": "know, Uni covers more markets currently."}, {"start": "00:53:43", "end": "00:53:48", "text": "I think arrow is expanding might be more"}, {"start": "00:53:46", "end": "00:53:50", "text": "efficient which will be interesting over"}, {"start": "00:53:48", "end": "00:53:53", "text": "time to see arrow that is but both of"}, {"start": "00:53:50", "end": "00:53:56", "text": "them uh performed extremely well and I"}, {"start": "00:53:53", "end": "00:53:58", "text": "just I I didn't well don't want to say I"}, {"start": "00:53:56", "end": "00:54:00", "text": "nailed the bottom but I when I piled"}, {"start": "00:53:58", "end": "00:54:02", "text": "into uni was like right before it 2xed"}, {"start": "00:54:00", "end": "00:54:03", "text": "you know so three you know more than"}, {"start": "00:54:02", "end": "00:54:05", "text": "2xed actually so"}, {"start": "00:54:03", "end": "00:54:06", "text": ">> yeah you were doing like three or four"}, {"start": "00:54:05", "end": "00:54:09", "text": "bucks which"}, {"start": "00:54:06", "end": "00:54:10", "text": ">> it was like h yeah better to be I joke"}, {"start": "00:54:09", "end": "00:54:11", "text": "around sometimes with my wife it's"}, {"start": "00:54:10", "end": "00:54:13", "text": "better to be lucky than good she doesn't"}, {"start": "00:54:11", "end": "00:54:15", "text": "like it when I say that but I I'll take"}, {"start": "00:54:13", "end": "00:54:17", "text": "both. And I see your super chat here."}, {"start": "00:54:15", "end": "00:54:18", "text": "Noah, signed up for school yesterday."}, {"start": "00:54:17", "end": "00:54:20", "text": "Will the call be available while still"}, {"start": "00:54:18", "end": "00:54:22", "text": "on the free trial? As far as I know, it"}, {"start": "00:54:20", "end": "00:54:23", "text": "is. As far as I know, all the community"}, {"start": "00:54:22", "end": "00:54:24", "text": "calls are available. You what you're"}, {"start": "00:54:23", "end": "00:54:26", "text": "going to want to do is go to the"}, {"start": "00:54:24", "end": "00:54:28", "text": "calendar uh the calendar section in"}, {"start": "00:54:26", "end": "00:54:31", "text": "there and you'll see it uh scheduled for"}, {"start": "00:54:28", "end": "00:54:34", "text": "today. Says also for anyone not signed"}, {"start": "00:54:31", "end": "00:54:36", "text": "up. It's dope. Yeah, I this was in to my"}, {"start": "00:54:34", "end": "00:54:38", "text": "opinion way way better than Discord."}, {"start": "00:54:36", "end": "00:54:40", "text": "That's why we went with it. Uh, so yeah,"}, {"start": "00:54:38", "end": "00:54:43", "text": "you go to the calendar, you click that"}, {"start": "00:54:40", "end": "00:54:44", "text": "button, it'll be there, and we're going"}, {"start": "00:54:43", "end": "00:54:46", "text": "to be covering that research center"}, {"start": "00:54:44", "end": "00:54:48", "text": "release, which has portfolio tools and"}, {"start": "00:54:46", "end": "00:54:51", "text": "all sorts of other stuff in it. I'm"}, {"start": "00:54:48", "end": "00:54:53", "text": "thinking I'm doing my portfolio here"}, {"start": "00:54:51", "end": "00:54:55", "text": "probably next week and then getting into"}, {"start": "00:54:53", "end": "00:54:56", "text": "some of the DeFi, the way we handle DeFi"}, {"start": "00:54:55", "end": "00:54:58", "text": "and my portfolio. probably interview a"}, {"start": "00:54:56", "end": "00:55:01", "text": "couple people that uh or at least one"}, {"start": "00:54:58", "end": "00:55:03", "text": "person that does a manages a lot of that"}, {"start": "00:55:01", "end": "00:55:05", "text": "stuff and kind of explains I'll explain"}, {"start": "00:55:03", "end": "00:55:06", "text": "the overall thesis and the logic and the"}, {"start": "00:55:05", "end": "00:55:09", "text": "reasoning behind it and then he can get"}, {"start": "00:55:06", "end": "00:55:14", "text": "into the nitty-gritty around you know"}, {"start": "00:55:09", "end": "00:55:17", "text": "divergences and u unrealized or uh no I"}, {"start": "00:55:14", "end": "00:55:19", "text": "just blanked on it uh"}, {"start": "00:55:17", "end": "00:55:21", "text": "impermanent impermanent loss impermanent"}, {"start": "00:55:19", "end": "00:55:23", "text": "gain all sort you have to have to have"}, {"start": "00:55:21", "end": "00:55:26", "text": "to understand if you're doing defi so"}, {"start": "00:55:23", "end": "00:55:28", "text": "another super chat Here BDC made a new"}, {"start": "00:55:26", "end": "00:55:29", "text": "all-time high into the having last cycle"}, {"start": "00:55:28", "end": "00:55:31", "text": "and then retraced about 30% the"}, {"start": "00:55:29", "end": "00:55:33", "text": "following 6 months. Do you expect"}, {"start": "00:55:31", "end": "00:55:35", "text": "something similar if new all-time high"}, {"start": "00:55:33", "end": "00:55:37", "text": "in 2027? Good question. What do you"}, {"start": "00:55:35", "end": "00:55:39", "text": "think? All new Bitcoin alltime high in"}, {"start": "00:55:37", "end": "00:55:41", "text": "2027. What do you think?"}, {"start": "00:55:39", "end": "00:55:41", "text": ">> I think yes. I think yes. Absolutely."}, {"start": "00:55:41", "end": "00:55:44", "text": ">> Shock me."}, {"start": "00:55:41", "end": "00:55:47", "text": ">> Honestly, with the rate that we are"}, {"start": "00:55:44", "end": "00:55:49", "text": "rebounding on Bitcoin and what I showed"}, {"start": "00:55:47", "end": "00:55:53", "text": "you on the gold chart,"}, {"start": "00:55:49", "end": "00:55:55", "text": "uh we could we could see it this year."}, {"start": "00:55:53", "end": "00:55:56", "text": "This could be a Christmas surprise. I"}, {"start": "00:55:55", "end": "00:55:57", "text": "don't"}, {"start": "00:55:56", "end": "00:55:59", "text": ">> You're not the only one saying that."}, {"start": "00:55:57", "end": "00:56:01", "text": "I've seen other people say all-time"}, {"start": "00:55:59", "end": "00:56:03", "text": "highs by Christmas. So,"}, {"start": "00:56:01", "end": "00:56:05", "text": ">> and this this is saying something"}, {"start": "00:56:03", "end": "00:56:07", "text": "because I'm the permable, right? I'm uh"}, {"start": "00:56:05", "end": "00:56:08", "text": "I'm always on the far end of the bullish"}, {"start": "00:56:07", "end": "00:56:09", "text": "spectrum."}, {"start": "00:56:08", "end": "00:56:11", "text": ">> Yeah."}, {"start": "00:56:09", "end": "00:56:13", "text": ">> Uh"}, {"start": "00:56:11", "end": "00:56:15", "text": "I don't even see alltime highs this"}, {"start": "00:56:13", "end": "00:56:17", "text": "year. I I could see 100k this year. I"}, {"start": "00:56:15", "end": "00:56:19", "text": "you know, maybe 96, 98, something like"}, {"start": "00:56:17", "end": "00:56:21", "text": "that, or just shy of 100K. But yeah,"}, {"start": "00:56:19", "end": "00:56:23", "text": "all-time highs for Bitcoin next year, I"}, {"start": "00:56:21", "end": "00:56:25", "text": "think, is not even,"}, {"start": "00:56:23", "end": "00:56:27", "text": ">> you know, not not even that much of a"}, {"start": "00:56:25", "end": "00:56:28", "text": "stretch. You know, while you're pulling"}, {"start": "00:56:27", "end": "00:56:30", "text": "that up, I did want to mention this"}, {"start": "00:56:28", "end": "00:56:32", "text": "before before the end of the stream"}, {"start": "00:56:30", "end": "00:56:34", "text": ">> because you could I think trends like"}, {"start": "00:56:32", "end": "00:56:35", "text": "this, you could start to see uh and this"}, {"start": "00:56:34", "end": "00:56:37", "text": "is why it would have been nice if we got"}, {"start": "00:56:35", "end": "00:56:38", "text": "clarity in the US because we could start"}, {"start": "00:56:37", "end": "00:56:39", "text": "getting this in the US, but standard"}, {"start": "00:56:38", "end": "00:56:42", "text": "charter launches Bitcoin and Ethereum"}, {"start": "00:56:39", "end": "00:56:44", "text": "trading directly through bank accounts"}, {"start": "00:56:42", "end": "00:56:46", "text": "for eligible clients in the UAE. So,"}, {"start": "00:56:44", "end": "00:56:48", "text": "we're going to start to see, oh, hey, on"}, {"start": "00:56:46", "end": "00:56:51", "text": "my Wells Fargo app, on my Bank of"}, {"start": "00:56:48", "end": "00:56:52", "text": "America app, on my Chase app, I can just"}, {"start": "00:56:51", "end": "00:56:55", "text": "do it right here. Um, we're going to"}, {"start": "00:56:52", "end": "00:56:58", "text": "start to see that probably in 27. If"}, {"start": "00:56:55", "end": "00:57:00", "text": "not, uh, you know, if not 27, then not"}, {"start": "00:56:58", "end": "00:57:02", "text": "long after that. And that trend is going"}, {"start": "00:57:00", "end": "00:57:04", "text": "to absolutely continue. So,"}, {"start": "00:57:02", "end": "00:57:06", "text": ">> yeah. I mean, looking at this, let's"}, {"start": "00:57:04", "end": "00:57:07", "text": "actually let's talk about this because"}, {"start": "00:57:06", "end": "00:57:08", "text": "this is a good this is a good subject"}, {"start": "00:57:07", "end": "00:57:12", "text": "matter. So, we're looking at Bitcoin on"}, {"start": "00:57:08", "end": "00:57:15", "text": "the twoe time frame. We're say six weeks"}, {"start": "00:57:12", "end": "00:57:18", "text": "into this dig us out of the extreme lows"}, {"start": "00:57:15", "end": "00:57:21", "text": "zone, right? And I do compare this zone"}, {"start": "00:57:18", "end": "00:57:26", "text": "very similarly to essentially right here"}, {"start": "00:57:21", "end": "00:57:27", "text": "in February of 23. So I actually want to"}, {"start": "00:57:26", "end": "00:57:29", "text": "pull the data live and kind of think"}, {"start": "00:57:27", "end": "00:57:31", "text": "through this with you guys. Again, I"}, {"start": "00:57:29", "end": "00:57:33", "text": "think about this a lot as you can tell."}, {"start": "00:57:31", "end": "00:57:35", "text": ">> According to Tilt, you said alltime high"}, {"start": "00:57:33", "end": "00:57:38", "text": "January 20th somewhere. So this"}, {"start": "00:57:35", "end": "00:57:41", "text": ">> I think it's very possible. I mean look"}, {"start": "00:57:38", "end": "00:57:43", "text": "at this. So this time frame here where"}, {"start": "00:57:41", "end": "00:57:46", "text": "we're at essentially on this draw down"}, {"start": "00:57:43", "end": "00:57:50", "text": "back to previous"}, {"start": "00:57:46", "end": "00:57:51", "text": "previous uh support. Uh now I want to"}, {"start": "00:57:50", "end": "00:57:54", "text": "pull this out and just kind of"}, {"start": "00:57:51", "end": "00:57:56", "text": "understand the time frame. So 250 days."}, {"start": "00:57:54", "end": "00:57:58", "text": "All right. And that's about right there."}, {"start": "00:57:56", "end": "00:58:00", "text": "Now, this is the bars pattern from that"}, {"start": "00:57:58", "end": "00:58:03", "text": "move, right? Where we're This is kind of"}, {"start": "00:58:00", "end": "00:58:07", "text": "like the extreme lows dip into the"}, {"start": "00:58:03", "end": "00:58:08", "text": "expected high 70s, low 80s zone, which"}, {"start": "00:58:07", "end": "00:58:12", "text": "honestly we're experiencing right now in"}, {"start": "00:58:08", "end": "00:58:13", "text": "Bitcoin. Now, the percentage move, let's"}, {"start": "00:58:12", "end": "00:58:14", "text": "look at this as well, because I think"}, {"start": "00:58:13", "end": "00:58:17", "text": "we're going to have a diminished"}, {"start": "00:58:14", "end": "00:58:22", "text": "percentage move over the course of this"}, {"start": "00:58:17", "end": "00:58:23", "text": "time frame right around 64%. Okay. So, I"}, {"start": "00:58:22", "end": "00:58:25", "text": "want to just pull this up to our current"}, {"start": "00:58:23", "end": "00:58:28", "text": "scenario because I do see a lot of rhyme"}, {"start": "00:58:25", "end": "00:58:32", "text": "and reason to this. Let's pull it up"}, {"start": "00:58:28", "end": "00:58:34", "text": "here. This is live male astrology. Live"}, {"start": "00:58:32", "end": "00:58:36", "text": "male astrology."}, {"start": "00:58:34", "end": "00:58:38", "text": "All right. And then diminishment from"}, {"start": "00:58:36", "end": "00:58:41", "text": "62. Say we only get like something like"}, {"start": "00:58:38", "end": "00:58:44", "text": "a 30 or 40. Real quick, we didn't drop"}, {"start": "00:58:41", "end": "00:58:45", "text": "them. Uh they they they're kind of"}, {"start": "00:58:44", "end": "00:58:47", "text": "seasonal with their marketing. So,"}, {"start": "00:58:45", "end": "00:58:49", "text": "that's all that is. Um great"}, {"start": "00:58:47", "end": "00:58:50", "text": "relationship with Bitcoin IRA."}, {"start": "00:58:49", "end": "00:58:52", "text": ">> Many people very close to me. you I"}, {"start": "00:58:50", "end": "00:58:54", "text": "think my dad uses Bitcoin RA. My best"}, {"start": "00:58:52", "end": "00:58:54", "text": "friend uses it. So nothing"}, {"start": "00:58:54", "end": "00:58:58", "text": ">> great."}, {"start": "00:58:54", "end": "00:59:00", "text": ">> Yeah, they use Bitcoin"}, {"start": "00:58:58", "end": "00:59:01", "text": "RA. Nothing uh nothing negative to say"}, {"start": "00:59:00", "end": "00:59:03", "text": "there. Just uh they just go through"}, {"start": "00:59:01", "end": "00:59:04", "text": "seasonal marketing things. That's all"}, {"start": "00:59:03", "end": "00:59:05", "text": "that is."}, {"start": "00:59:04", "end": "00:59:07", "text": ">> All right, so let's see here. In about"}, {"start": "00:59:05", "end": "00:59:09", "text": "270 days"}, {"start": "00:59:07", "end": "00:59:13", "text": ">> and love Chris, too. Chris is a G."}, {"start": "00:59:09", "end": "00:59:14", "text": ">> Oh god. I mean it actually. Okay, but it"}, {"start": "00:59:13", "end": "00:59:17", "text": "lines up with when alts are going to"}, {"start": "00:59:14", "end": "00:59:20", "text": "feel good. Um,"}, {"start": "00:59:17", "end": "00:59:22", "text": "so this is basically diminishing the"}, {"start": "00:59:20", "end": "00:59:24", "text": "gains and highlighting and kind of going"}, {"start": "00:59:22", "end": "00:59:26", "text": "with the thesis that we are essentially"}, {"start": "00:59:24", "end": "00:59:28", "text": "on that bump and run pattern that"}, {"start": "00:59:26", "end": "00:59:31", "text": "happened in February of 23. And this a"}, {"start": "00:59:28", "end": "00:59:34", "text": "bars pattern that's adjusted for price"}, {"start": "00:59:31", "end": "00:59:36", "text": "percentage move and then also connected"}, {"start": "00:59:34", "end": "00:59:40", "text": "to the same time frame that it took to"}, {"start": "00:59:36", "end": "00:59:43", "text": "play out. It would take you till about"}, {"start": "00:59:40", "end": "00:59:46", "text": "July of 27 to be back to 110K on"}, {"start": "00:59:43", "end": "00:59:48", "text": "Bitcoin. And"}, {"start": "00:59:46", "end": "00:59:51", "text": "that does bounce. That plays into"}, {"start": "00:59:48", "end": "00:59:54", "text": "resistance being felt at $100,000. I"}, {"start": "00:59:51", "end": "00:59:56", "text": "didn't plan that, but it shows clear"}, {"start": "00:59:54", "end": "00:59:59", "text": "resistance felt on Bitcoin's price at"}, {"start": "00:59:56", "end": "01:00:02", "text": "100K leading into kind of the front end"}, {"start": "00:59:59", "end": "01:00:05", "text": "of 27"}, {"start": "01:00:02", "end": "01:00:08", "text": "and then snapping back up to that range."}, {"start": "01:00:05", "end": "01:00:09", "text": "I I think extra chaos could happen"}, {"start": "01:00:08", "end": "01:00:11", "text": "though. I think extra chaos could"}, {"start": "01:00:09", "end": "01:00:13", "text": "happen, but this is just business as"}, {"start": "01:00:11", "end": "01:00:14", "text": "usual. This would be business as usual"}, {"start": "01:00:13", "end": "01:00:16", "text": "for Bitcoin."}, {"start": "01:00:14", "end": "01:00:18", "text": ">> I think that's when what's that? You"}, {"start": "01:00:16", "end": "01:00:20", "text": "said mid 27."}, {"start": "01:00:18", "end": "01:00:21", "text": ">> Yeah. Well, this would take until July,"}, {"start": "01:00:20", "end": "01:00:23", "text": "this bars pattern."}, {"start": "01:00:21", "end": "01:00:24", "text": ">> Yeah, I think that I'm actually more"}, {"start": "01:00:23", "end": "01:00:27", "text": "bullish than that. I think and"}, {"start": "01:00:24", "end": "01:00:30", "text": "apparently it was in May 8th of this"}, {"start": "01:00:27", "end": "01:00:32", "text": "year, you had picked January 20th for a"}, {"start": "01:00:30", "end": "01:00:34", "text": "new alltime high, which to me that"}, {"start": "01:00:32", "end": "01:00:35", "text": "actually sounds perfect. So, I'd be"}, {"start": "01:00:34", "end": "01:00:36", "text": "interested to go back and look at that"}, {"start": "01:00:35", "end": "01:00:37", "text": "video."}, {"start": "01:00:36", "end": "01:00:38", "text": ">> Yeah."}, {"start": "01:00:37", "end": "01:00:40", "text": ">> See what your analysis was then, you"}, {"start": "01:00:38", "end": "01:00:41", "text": "know, that wasn't just right off the top"}, {"start": "01:00:40", "end": "01:00:42", "text": "of your head. But,"}, {"start": "01:00:41", "end": "01:00:45", "text": ">> I mean, that would have to be a Look at"}, {"start": "01:00:42", "end": "01:00:48", "text": "that. That would have to be at this"}, {"start": "01:00:45", "end": "01:00:51", "text": "point in the game, that would have to be"}, {"start": "01:00:48", "end": "01:00:52", "text": "chaos. Like, straight. I You'd have to"}, {"start": "01:00:51", "end": "01:00:54", "text": ">> But you just said new alltime high by"}, {"start": "01:00:52", "end": "01:00:56", "text": "Christmas, 20 minutes, 10 10 minutes"}, {"start": "01:00:54", "end": "01:00:58", "text": "ago. Well, I know, but to look at that"}, {"start": "01:00:56", "end": "01:01:00", "text": "within the next I mean, it's not"}, {"start": "01:00:58", "end": "01:01:03", "text": "impossible for us to cause that much"}, {"start": "01:01:00", "end": "01:01:05", "text": "chaos, but that would be on a chart if"}, {"start": "01:01:03", "end": "01:01:07", "text": "you're looking at this thing backed up."}, {"start": "01:01:05", "end": "01:01:09", "text": "God, you know what it would really be"}, {"start": "01:01:07", "end": "01:01:12", "text": "chaos for is people that didn't buy."}, {"start": "01:01:09", "end": "01:01:16", "text": "Like, I know we're capable of doing this"}, {"start": "01:01:12", "end": "01:01:18", "text": "in Bitcoin. Um, but that would from"}, {"start": "01:01:16", "end": "01:01:19", "text": "because we're running into some"}, {"start": "01:01:18", "end": "01:01:22", "text": "resistance. We're running into"}, {"start": "01:01:19", "end": "01:01:25", "text": "resistance right now."}, {"start": "01:01:22", "end": "01:01:27", "text": "Like my heart wants it. I just the time"}, {"start": "01:01:25", "end": "01:01:29", "text": "frame, you know, if we really are"}, {"start": "01:01:27", "end": "01:01:33", "text": "somewhere around this, you know, same"}, {"start": "01:01:29", "end": "01:01:35", "text": "bump and run pattern, it took 280 days"}, {"start": "01:01:33", "end": "01:01:38", "text": "for us to really start breaking out up"}, {"start": "01:01:35", "end": "01:01:41", "text": "into this kind of up fueling zone. So,"}, {"start": "01:01:38", "end": "01:01:43", "text": "you know, beginning at 27 is possible,"}, {"start": "01:01:41", "end": "01:01:45", "text": "but we might just be delayed by a few"}, {"start": "01:01:43", "end": "01:01:46", "text": "months in actually getting that. It's"}, {"start": "01:01:45", "end": "01:01:48", "text": "really about like a three different"}, {"start": "01:01:46", "end": "01:01:50", "text": "three-month difference."}, {"start": "01:01:48", "end": "01:01:52", "text": ">> Did you ever look at Pinlink was a Josh"}, {"start": "01:01:50", "end": "01:01:54", "text": "pick, wasn't it? Mostly. Did you ever"}, {"start": "01:01:52", "end": "01:01:55", "text": "look at Pin Link? I have not ever looked"}, {"start": "01:01:54", "end": "01:01:57", "text": "at pin link. Um,"}, {"start": "01:01:55", "end": "01:01:59", "text": ">> let's go ahead and do a throwback. This"}, {"start": "01:01:57", "end": "01:02:01", "text": "guy, it's it's an old I'm pretty sure it"}, {"start": "01:01:59", "end": "01:02:02", "text": "was Josh that was really bullish on pin"}, {"start": "01:02:01", "end": "01:02:02", "text": "link. I can't quite remember. Shout out"}, {"start": "01:02:02", "end": "01:02:04", "text": "to"}, {"start": "01:02:02", "end": "01:02:06", "text": ">> like a picture of a couple."}, {"start": "01:02:04", "end": "01:02:08", "text": ">> I think he's a new father. I I I should"}, {"start": "01:02:06", "end": "01:02:10", "text": "text him. I know he's really It is. It"}, {"start": "01:02:08", "end": "01:02:12", "text": "happened. Yeah. Shout out to Josh."}, {"start": "01:02:10", "end": "01:02:14", "text": "Congratulations. Bringing We need the We"}, {"start": "01:02:12", "end": "01:02:17", "text": "need the good guys bringing more uh more"}, {"start": "01:02:14", "end": "01:02:19", "text": "kids into the world. So, uh shout out to"}, {"start": "01:02:17", "end": "01:02:21", "text": "all those having babies."}, {"start": "01:02:19", "end": "01:02:24", "text": ">> Let me see this pin link chart here. Oh,"}, {"start": "01:02:21", "end": "01:02:24", "text": "Jesus. Joseph."}, {"start": "01:02:24", "end": "01:02:26", "text": ">> Okay."}, {"start": "01:02:24", "end": "01:02:27", "text": ">> What's the total? What's the market cap"}, {"start": "01:02:26", "end": "01:02:29", "text": "on it right now?"}, {"start": "01:02:27", "end": "01:02:31", "text": ">> It is $7 million."}, {"start": "01:02:29", "end": "01:02:34", "text": ">> There's a micro cap for you guys. This"}, {"start": "01:02:31", "end": "01:02:36", "text": "is a high high high high risk. Not no"}, {"start": "01:02:34", "end": "01:02:37", "text": "endorsement coming from me or this"}, {"start": "01:02:36", "end": "01:02:38", "text": "channel on this, but we're looking at it"}, {"start": "01:02:37", "end": "01:02:43", "text": "for the super chat."}, {"start": "01:02:38", "end": "01:02:43", "text": ">> Yeah. Um,"}, {"start": "01:02:44", "end": "01:02:51", "text": "it fell down to like lower than release"}, {"start": "01:02:47", "end": "01:02:55", "text": "levels, so it found support at nearly"}, {"start": "01:02:51", "end": "01:02:57", "text": "zero. And now it's pumped off of that"}, {"start": "01:02:55", "end": "01:02:59", "text": "two cent floor it found locally. It's up"}, {"start": "01:02:57", "end": "01:03:02", "text": "to 8 cents. So if you were one of the"}, {"start": "01:02:59", "end": "01:03:05", "text": "five people in the world that bought"}, {"start": "01:03:02", "end": "01:03:08", "text": "this all-time low of pin link, you are"}, {"start": "01:03:05", "end": "01:03:11", "text": "now up by Let's see here. Right around"}, {"start": "01:03:08", "end": "01:03:13", "text": "290%. Right. I don't think a lot of"}, {"start": "01:03:11", "end": "01:03:15", "text": "people actually bought that low."}, {"start": "01:03:13", "end": "01:03:16", "text": ">> Is the ticker What's the ticker pin?"}, {"start": "01:03:15", "end": "01:03:20", "text": ">> Uh pin. Yeah."}, {"start": "01:03:16", "end": "01:03:20", "text": ">> Yeah. Pin. It's number 1,17"}, {"start": "01:03:20", "end": "01:03:22", "text": "in terms of"}, {"start": "01:03:20", "end": "01:03:24", "text": ">> I'm going to throw it in the I'm going"}, {"start": "01:03:22", "end": "01:03:27", "text": "to throw it in the scorecard on uh the"}, {"start": "01:03:24", "end": "01:03:28", "text": "data hub and see what comes out."}, {"start": "01:03:27", "end": "01:03:30", "text": ">> Yeah, I um"}, {"start": "01:03:28", "end": "01:03:32", "text": ">> it's going to eviscerate it because it"}, {"start": "01:03:30", "end": "01:03:33", "text": "doesn't like anything that's that low."}, {"start": "01:03:32", "end": "01:03:35", "text": "It's going to say way too risky. It's"}, {"start": "01:03:33", "end": "01:03:37", "text": "going to say there's not no adoption of"}, {"start": "01:03:35", "end": "01:03:40", "text": "it. But I'm just curious."}, {"start": "01:03:37", "end": "01:03:42", "text": ">> I mean like I could see it messing"}, {"start": "01:03:40", "end": "01:03:44", "text": "around here."}, {"start": "01:03:42", "end": "01:03:47", "text": "You know, I I think cracking this 20"}, {"start": "01:03:44", "end": "01:03:49", "text": "cent mark is going to be very very"}, {"start": "01:03:47", "end": "01:03:52", "text": "difficult with a project that has had"}, {"start": "01:03:49", "end": "01:03:53", "text": "this deep of a drawback"}, {"start": "01:03:52", "end": "01:03:56", "text": "and"}, {"start": "01:03:53", "end": "01:03:58", "text": "I have no idea what the adoption metrics"}, {"start": "01:03:56", "end": "01:04:00", "text": "but I'm just look at the volume is just"}, {"start": "01:03:58", "end": "01:04:02", "text": "fallen off of an absolute cliff. Like"}, {"start": "01:04:00", "end": "01:04:04", "text": "that's the thing like on origin trail"}, {"start": "01:04:02", "end": "01:04:05", "text": "even though it's like 200. What'd it"}, {"start": "01:04:04", "end": "01:04:07", "text": "get? Did it get"}, {"start": "01:04:05", "end": "01:04:09", "text": ">> not as bad as I thought? No. No. I mean"}, {"start": "01:04:07", "end": "01:04:10", "text": "37 it's weak but it it actually likes"}, {"start": "01:04:09", "end": "01:04:11", "text": "its tokconomics."}, {"start": "01:04:10", "end": "01:04:13", "text": ">> Really?"}, {"start": "01:04:11", "end": "01:04:15", "text": ">> Yeah. tokconomics that says 100% of the"}, {"start": "01:04:13", "end": "01:04:16", "text": "max supply is already circulated with no"}, {"start": "01:04:15", "end": "01:04:19", "text": "remaining unlocks or emissions overhang"}, {"start": "01:04:16", "end": "01:04:21", "text": "which is structurally clean fully"}, {"start": "01:04:19", "end": "01:04:23", "text": "diluted value you know so it doesn't"}, {"start": "01:04:21", "end": "01:04:25", "text": "hate that and it doesn't hate its"}, {"start": "01:04:23", "end": "01:04:27", "text": "narrative"}, {"start": "01:04:25", "end": "01:04:30", "text": ">> but you know I knew it was going to kill"}, {"start": "01:04:27", "end": "01:04:33", "text": "adoption no value capture the team"}, {"start": "01:04:30", "end": "01:04:34", "text": "hasn't delivered a ton massive risk not"}, {"start": "01:04:33", "end": "01:04:37", "text": "solving the most relevant problem you"}, {"start": "01:04:34", "end": "01:04:40", "text": "know it's an AI related thing so you"}, {"start": "01:04:37", "end": "01:04:42", "text": "know could could be for a low market cap"}, {"start": "01:04:40", "end": "01:04:43", "text": "coin could be could be way way worse."}, {"start": "01:04:42", "end": "01:04:45", "text": "So, there you go. There, you know,"}, {"start": "01:04:43", "end": "01:04:47", "text": "thanks for the super chat. There's our"}, {"start": "01:04:45", "end": "01:04:48", "text": "coverage of it. I see you here. I don't"}, {"start": "01:04:47", "end": "01:04:51", "text": "even know how you say this name. We'll"}, {"start": "01:04:48", "end": "01:04:52", "text": "just call you Megan. Uh, sorry, but TJ"}, {"start": "01:04:51", "end": "01:04:54", "text": "sucks. It's all right. You don't have to"}, {"start": "01:04:52", "end": "01:04:55", "text": "be sorry. It doesn't You don't have to"}, {"start": "01:04:54", "end": "01:04:57", "text": "[laughter] be sorry. You know, I am who"}, {"start": "01:04:55", "end": "01:04:58", "text": "I am. You don't have to watch. We're"}, {"start": "01:04:57", "end": "01:05:00", "text": "We're happy you're here. Shout out to"}, {"start": "01:04:58", "end": "01:05:02", "text": "you. We'll say a prayer for you. Uh,"}, {"start": "01:05:00", "end": "01:05:03", "text": "obviously, you know, you're probably"}, {"start": "01:05:02", "end": "01:05:05", "text": "probably not having a lot of fun in life"}, {"start": "01:05:03", "end": "01:05:08", "text": "if you're if you're if you're here just"}, {"start": "01:05:05", "end": "01:05:09", "text": "to hate. Um, you've probably experienced"}, {"start": "01:05:08", "end": "01:05:11", "text": "some hate yourself. So, we'll uh we'll"}, {"start": "01:05:09", "end": "01:05:12", "text": "keep you in our prayers."}, {"start": "01:05:11", "end": "01:05:14", "text": ">> Yeah, I'd be really careful about this"}, {"start": "01:05:12", "end": "01:05:17", "text": "pin lake thing, honestly. Like, whoever"}, {"start": "01:05:14", "end": "01:05:19", "text": "said that. Um"}, {"start": "01:05:17", "end": "01:05:21", "text": "I And it's not me to say"}, {"start": "01:05:19", "end": "01:05:23", "text": ">> it's music tags. Who's he's here? He's"}, {"start": "01:05:21", "end": "01:05:25", "text": "here a lot. I know this. I know this."}, {"start": "01:05:23", "end": "01:05:26", "text": ">> Oh, okay. Okay. Yeah. Just be really"}, {"start": "01:05:25", "end": "01:05:30", "text": "careful. Like, I'm hoping that you"}, {"start": "01:05:26", "end": "01:05:32", "text": "bought the lows on this thing. Um you"}, {"start": "01:05:30", "end": "01:05:34", "text": "know, if you didn't, like I would be,"}, {"start": "01:05:32", "end": "01:05:38", "text": "let's say I bought this shelf. just"}, {"start": "01:05:34", "end": "01:05:41", "text": "being a hopeful hopeful fella here. I"}, {"start": "01:05:38", "end": "01:05:45", "text": "mean, I'm I'm I'm looking at 20 cents as"}, {"start": "01:05:41", "end": "01:05:46", "text": "a uh as that escape pump. I'm not really"}, {"start": "01:05:45", "end": "01:05:48", "text": "Yeah, I don't I don't feel good about"}, {"start": "01:05:46", "end": "01:05:50", "text": "this one. I I got to be honest today. I"}, {"start": "01:05:48", "end": "01:05:52", "text": ">> And you love risk. So, risky. If it's"}, {"start": "01:05:50", "end": "01:05:54", "text": "too risky for Drew,"}, {"start": "01:05:52", "end": "01:05:57", "text": ">> take that signal. Take that."}, {"start": "01:05:54", "end": "01:05:59", "text": ">> I love risk. Trust me, I love risk. Now,"}, {"start": "01:05:57", "end": "01:06:02", "text": "we're going to be getting ready for the"}, {"start": "01:05:59", "end": "01:06:04", "text": "school call coming up today at 2 o'clock"}, {"start": "01:06:02", "end": "01:06:05", "text": "Eastern Standard Time. If you're in"}, {"start": "01:06:04", "end": "01:06:06", "text": "school, make sure you're there. And it"}, {"start": "01:06:05", "end": "01:06:09", "text": "will be available for all the school"}, {"start": "01:06:06", "end": "01:06:12", "text": "members after we get done with the uh"}, {"start": "01:06:09", "end": "01:06:15", "text": "with the actual call itself. But this is"}, {"start": "01:06:12", "end": "01:06:18", "text": "the whole goal that I have is I've set"}, {"start": "01:06:15", "end": "01:06:22", "text": "out on a mission to stop roundt tripping"}, {"start": "01:06:18", "end": "01:06:24", "text": "at the core. And I think I've been"}, {"start": "01:06:22", "end": "01:06:27", "text": "surrounded by too many round trippers,"}, {"start": "01:06:24", "end": "01:06:30", "text": "too many massive losses that I've seen"}, {"start": "01:06:27", "end": "01:06:33", "text": "in this industry to not be hellbent on"}, {"start": "01:06:30", "end": "01:06:35", "text": "this. So, I am very focused on that and"}, {"start": "01:06:33", "end": "01:06:37", "text": "I hope that you join me inside of"}, {"start": "01:06:35", "end": "01:06:38", "text": "school. We have a strong game plan. If"}, {"start": "01:06:37", "end": "01:06:40", "text": "things change with my general map and"}, {"start": "01:06:38", "end": "01:06:42", "text": "the thing that I put out on the video"}, {"start": "01:06:40", "end": "01:06:44", "text": "last night, I'll let you guys know. But"}, {"start": "01:06:42", "end": "01:06:47", "text": "as things sit right now, bump and run"}, {"start": "01:06:44", "end": "01:06:50", "text": "looking decently healthy, watch the Fed"}, {"start": "01:06:47", "end": "01:06:52", "text": "data after we see this uh CPI release"}, {"start": "01:06:50", "end": "01:06:54", "text": "kind of ingested from the markets and"}, {"start": "01:06:52", "end": "01:06:57", "text": "we'll be seeing you inside our school"}, {"start": "01:06:54", "end": "01:06:59", "text": "call very, very soon. Take care. All"}, {"start": "01:06:57", "end": "01:06:59", "text": "right. See you"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Price go up now [music and singing]"}, {"start": "00:00:01", "end": "00:00:05", "text": "where you burn."}, {"start": "00:00:05", "end": "00:00:07", "text": "[music]"}, {"start": "00:00:10", "end": "00:00:14", "text": "Bitcoin rise. Beers get burned."}, {"start": "00:00:15", "end": "00:00:20", "text": "Bears get burned but they are testing"}, {"start": "00:00:18", "end": "00:00:24", "text": "our patience. Welcome one. Welcome all"}, {"start": "00:00:20", "end": "00:00:27", "text": "to discover crypto. We have Bitcoin"}, {"start": "00:00:24", "end": "00:00:29", "text": "being test. And I got Kelly. Wow. Kelly,"}, {"start": "00:00:27", "end": "00:00:30", "text": "how you doing Mr. Kelly? Good to see you"}, {"start": "00:00:29", "end": "00:00:32", "text": "from Vegas, man."}, {"start": "00:00:30", "end": "00:00:34", "text": ">> You know, I'm I'm I'm doing good. Before"}, {"start": "00:00:32", "end": "00:00:36", "text": "Before we jump into that, I I just want"}, {"start": "00:00:34", "end": "00:00:40", "text": "to share some something really beautiful"}, {"start": "00:00:36", "end": "00:00:42", "text": "uh here on my screen. Uh you know, I was"}, {"start": "00:00:40", "end": "00:00:44", "text": "away a few days last week. I was in Maui"}, {"start": "00:00:42", "end": "00:00:47", "text": "putting my grandfather, lived a"}, {"start": "00:00:44", "end": "00:00:50", "text": "legendary life uh to rest. Had an"}, {"start": "00:00:47", "end": "00:00:52", "text": "absolutely beautiful ceremony and uh"}, {"start": "00:00:50", "end": "00:00:54", "text": "quite a bit of our family came out. Then"}, {"start": "00:00:52", "end": "00:00:57", "text": "we went out on a catamaran and threw his"}, {"start": "00:00:54", "end": "00:01:01", "text": "ashes there in front of, you know, off"}, {"start": "00:00:57", "end": "00:01:03", "text": "the coast of Maui, threw flowers and uh"}, {"start": "00:01:01", "end": "00:01:05", "text": "I mean it was a life celebration for an"}, {"start": "00:01:03", "end": "00:01:08", "text": "overwhelmingly incredibly legendary"}, {"start": "00:01:05", "end": "00:01:13", "text": "life. Lived uh died at 103 about a month"}, {"start": "00:01:08", "end": "00:01:17", "text": "ago. um five five five sons uh over you"}, {"start": "00:01:13", "end": "00:01:19", "text": "know I think like 55 grandkids and not"}, {"start": "00:01:17", "end": "00:01:22", "text": "yeah grandkids and"}, {"start": "00:01:19", "end": "00:01:26", "text": "so many so many people uh touched by"}, {"start": "00:01:22", "end": "00:01:29", "text": "this man's life uh the most respectful"}, {"start": "00:01:26", "end": "00:01:31", "text": "officer and gentleman a just awesome guy"}, {"start": "00:01:29", "end": "00:01:33", "text": "uh so I just this is where I was and"}, {"start": "00:01:31", "end": "00:01:37", "text": "thankfully I did not burn my my newly"}, {"start": "00:01:33", "end": "00:01:38", "text": "shorn uh hair hairline here but uh I'"}, {"start": "00:01:37", "end": "00:01:41", "text": "I've been paying attention to these"}, {"start": "00:01:38", "end": "00:01:43", "text": "charts And I got a big announcement for"}, {"start": "00:01:41", "end": "00:01:44", "text": "everybody in the school community. If"}, {"start": "00:01:43", "end": "00:01:46", "text": "you're not in there, get in there yet."}, {"start": "00:01:44", "end": "00:01:47", "text": "We got the DC research up and live. I'm"}, {"start": "00:01:46", "end": "00:01:50", "text": "going to be breaking it down for"}, {"start": "00:01:47", "end": "00:01:52", "text": "everybody tomorrow on the uh the uh"}, {"start": "00:01:50", "end": "00:01:54", "text": "Wednesday school calls, how to use it."}, {"start": "00:01:52", "end": "00:01:57", "text": "Free tool if you're a school member. U"}, {"start": "00:01:54", "end": "00:01:59", "text": "but these markets are looking good. Uh"}, {"start": "00:01:57", "end": "00:02:01", "text": "we got some really interesting timelines"}, {"start": "00:01:59", "end": "00:02:03", "text": "and time frames that things are playing"}, {"start": "00:02:01", "end": "00:02:06", "text": "out on right now that are signaling"}, {"start": "00:02:03", "end": "00:02:07", "text": "we've got some really wild things about"}, {"start": "00:02:06", "end": "00:02:10", "text": "to happen in this market. So let's dive"}, {"start": "00:02:07", "end": "00:02:12", "text": "into it. Absolutely. Absolutely. And"}, {"start": "00:02:10", "end": "00:02:15", "text": "over the last uh few trading nights,"}, {"start": "00:02:12", "end": "00:02:17", "text": "actually early this morning uh into the"}, {"start": "00:02:15", "end": "00:02:18", "text": "night last night, we got tested down to"}, {"start": "00:02:17", "end": "00:02:21", "text": "$81,000,"}, {"start": "00:02:18", "end": "00:02:23", "text": "just under $81,000"}, {"start": "00:02:21", "end": "00:02:24", "text": "in the trading hours. Now, as things"}, {"start": "00:02:23", "end": "00:02:27", "text": "have woken up and the markets are"}, {"start": "00:02:24", "end": "00:02:28", "text": "getting going here in the US, we are"}, {"start": "00:02:27", "end": "00:02:31", "text": "bouncing. We're showing some buoyancy"}, {"start": "00:02:28", "end": "00:02:34", "text": "off that $80,900"}, {"start": "00:02:31", "end": "00:02:36", "text": "mark. This local spot of resistance is"}, {"start": "00:02:34", "end": "00:02:38", "text": "playing into our uh charts, though."}, {"start": "00:02:36", "end": "00:02:40", "text": "We're running into $84,000 and keep"}, {"start": "00:02:38", "end": "00:02:42", "text": "getting slapped down. So, we're going to"}, {"start": "00:02:40", "end": "00:02:44", "text": "see if we can break this level today."}, {"start": "00:02:42", "end": "00:02:47", "text": "And really, I do want to discuss what"}, {"start": "00:02:44", "end": "00:02:50", "text": "happens if we breach this $80,000 level"}, {"start": "00:02:47", "end": "00:02:52", "text": "just to set some potential buy targets"}, {"start": "00:02:50", "end": "00:02:54", "text": "here. But we had some shakiness happened"}, {"start": "00:02:52", "end": "00:02:57", "text": "on the global market. The Korean"}, {"start": "00:02:54", "end": "00:03:00", "text": "exchange halted last night sell after"}, {"start": "00:02:57", "end": "00:03:02", "text": "selling for 5 minutes after the Cosby"}, {"start": "00:03:00", "end": "00:03:05", "text": "crashed 5%. This is the first sidecar"}, {"start": "00:03:02", "end": "00:03:06", "text": "triggered almost two months ago. Cosby"}, {"start": "00:03:05", "end": "00:03:09", "text": "selling off a little bit of"}, {"start": "00:03:06", "end": "00:03:12", "text": "semiconductor and tech sell-offs going"}, {"start": "00:03:09", "end": "00:03:14", "text": "on as well and it's playing into our"}, {"start": "00:03:12", "end": "00:03:15", "text": "vibes here in the crypto market. Not"}, {"start": "00:03:14", "end": "00:03:18", "text": "going to lie, we're coming back down to"}, {"start": "00:03:15", "end": "00:03:21", "text": "around a 55 on fear and greed. We are"}, {"start": "00:03:18", "end": "00:03:24", "text": "now down on the market cap down to $2.7"}, {"start": "00:03:21", "end": "00:03:26", "text": "trillion. And Ethereum is feeling like"}, {"start": "00:03:24", "end": "00:03:30", "text": "it is just stuck to one of those fly"}, {"start": "00:03:26", "end": "00:03:32", "text": "paper pieces here at $2500 day in and"}, {"start": "00:03:30", "end": "00:03:34", "text": "day out. Ethereum hitting the brakes on"}, {"start": "00:03:32", "end": "00:03:36", "text": "the price action movement. But there are"}, {"start": "00:03:34", "end": "00:03:39", "text": "some alts moving right now. We had"}, {"start": "00:03:36", "end": "00:03:43", "text": "stacks up 8.6%."}, {"start": "00:03:39", "end": "00:03:46", "text": "Tasos rip up 4% and Canton network with"}, {"start": "00:03:43", "end": "00:03:48", "text": "a major announcement coming up about 3%"}, {"start": "00:03:46", "end": "00:03:51", "text": "on the trading day. Falcon Finance,"}, {"start": "00:03:48", "end": "00:03:53", "text": "Uniswap as well trying to looks like we"}, {"start": "00:03:51", "end": "00:03:56", "text": "should probably Kelly, let's make a side"}, {"start": "00:03:53", "end": "00:03:58", "text": "note to track where Unis swap is headed"}, {"start": "00:03:56", "end": "00:04:00", "text": "right now because I know that we"}, {"start": "00:03:58", "end": "00:04:02", "text": "recently had a really big move on unis"}, {"start": "00:04:00", "end": "00:04:04", "text": "swap. Um, so I want to make sure we're"}, {"start": "00:04:02", "end": "00:04:07", "text": "not missing any bump and run pattern on"}, {"start": "00:04:04", "end": "00:04:09", "text": "that one. A lot of shakiness in the"}, {"start": "00:04:07", "end": "00:04:12", "text": "market, but I'm not too concerned. Oh"}, {"start": "00:04:09", "end": "00:04:14", "text": "no, did ADA get flipped by LEO? Say it"}, {"start": "00:04:12", "end": "00:04:18", "text": "ain't so. Who's doing the flipping here?"}, {"start": "00:04:14", "end": "00:04:21", "text": "Who's flipping who? Uh Cardono"}, {"start": "00:04:18", "end": "00:04:23", "text": "has is above Leo. It's technically above"}, {"start": "00:04:21", "end": "00:04:28", "text": "LEO right now. It did get flipped by"}, {"start": "00:04:23", "end": "00:04:31", "text": "Chainlink recently and uh I remember 25"}, {"start": "00:04:28", "end": "00:04:34", "text": "cents well on Cardono. I'm not liking"}, {"start": "00:04:31", "end": "00:04:37", "text": "seeing Cardano get rejected at that 25"}, {"start": "00:04:34", "end": "00:04:39", "text": "cent level. Just locally speaking might"}, {"start": "00:04:37", "end": "00:04:40", "text": "not uh be the best signal here. So"}, {"start": "00:04:39", "end": "00:04:43", "text": "there's a lot of charts I want to bring"}, {"start": "00:04:40", "end": "00:04:45", "text": "up and I bought a I bought a low market"}, {"start": "00:04:43", "end": "00:04:47", "text": "cap altcoin. I can't help. I'm a little"}, {"start": "00:04:45", "end": "00:04:50", "text": "bit of a den right now, Kelly. These"}, {"start": "00:04:47", "end": "00:04:54", "text": "markets have me feeling a little fidgety"}, {"start": "00:04:50", "end": "00:04:56", "text": "on, you know, this accumulation zone,"}, {"start": "00:04:54", "end": "00:04:58", "text": "because"}, {"start": "00:04:56", "end": "00:05:01", "text": "in general, and I want to talk about my"}, {"start": "00:04:58", "end": "00:05:04", "text": "ma, my my kind of altcoin map with you"}, {"start": "00:05:01", "end": "00:05:06", "text": "on the show today, but in general, I"}, {"start": "00:05:04", "end": "00:05:08", "text": "feel like the next six months are going"}, {"start": "00:05:06", "end": "00:05:11", "text": "to be looked back on as those good entry"}, {"start": "00:05:08", "end": "00:05:13", "text": "point zones. So, I'm kind of, you know,"}, {"start": "00:05:11", "end": "00:05:17", "text": "I've patted out projects I already had"}, {"start": "00:05:13", "end": "00:05:19", "text": "and I got into near um lately over the"}, {"start": "00:05:17", "end": "00:05:20", "text": "past few weeks. What are your what are"}, {"start": "00:05:19", "end": "00:05:23", "text": "your general sentiment though on like"}, {"start": "00:05:20", "end": "00:05:25", "text": "where Bitcoin sitting? If we're at the"}, {"start": "00:05:23", "end": "00:05:26", "text": "edge of a a potential cliff in these"}, {"start": "00:05:25", "end": "00:05:28", "text": "alts because the altcoins have been"}, {"start": "00:05:26", "end": "00:05:30", "text": "really fun for the last few months. I'm"}, {"start": "00:05:28", "end": "00:05:33", "text": "like, is this too much fun that we're"}, {"start": "00:05:30", "end": "00:05:34", "text": "having too early?"}, {"start": "00:05:33", "end": "00:05:38", "text": "Oh, I think you're muted here. Let's get"}, {"start": "00:05:34", "end": "00:05:38", "text": "you unmuted."}, {"start": "00:05:38", "end": "00:05:42", "text": "There we are. Uh let's throw it to my"}, {"start": "00:05:40", "end": "00:05:45", "text": "chart here because I just want to remind"}, {"start": "00:05:42", "end": "00:05:47", "text": "people of something. This is Bitcoin in"}, {"start": "00:05:45", "end": "00:05:50", "text": "2021"}, {"start": "00:05:47", "end": "00:05:54", "text": "uh into uh sorry 2022 into 2023. The the"}, {"start": "00:05:50", "end": "00:05:57", "text": "the FTX collapse and the move."}, {"start": "00:05:54", "end": "00:06:00", "text": "We are essentially"}, {"start": "00:05:57", "end": "00:06:01", "text": "right here in this in this move. So, I"}, {"start": "00:06:00", "end": "00:06:03", "text": "ask everybody because I I'm already"}, {"start": "00:06:01", "end": "00:06:05", "text": "seeing people feeling like they missed"}, {"start": "00:06:03", "end": "00:06:08", "text": "the boat on this cycle because they did"}, {"start": "00:06:05", "end": "00:06:09", "text": "not get the lows. And the reason why I"}, {"start": "00:06:08", "end": "00:06:12", "text": "want to bring this up is because if you"}, {"start": "00:06:09", "end": "00:06:14", "text": "measure from right here to where this"}, {"start": "00:06:12", "end": "00:06:16", "text": "first, you know, drop down is before"}, {"start": "00:06:14", "end": "00:06:19", "text": "next takeoff. Let's kind of go out out"}, {"start": "00:06:16", "end": "00:06:21", "text": "to here. This took about two months."}, {"start": "00:06:19", "end": "00:06:23", "text": "Now, this had a much bigger route to the"}, {"start": "00:06:21", "end": "00:06:24", "text": "downside, but this took about two"}, {"start": "00:06:23", "end": "00:06:25", "text": "months. And the the reason why Sorry."}, {"start": "00:06:24", "end": "00:06:29", "text": "Yeah. The reason why I'm bringing this"}, {"start": "00:06:25", "end": "00:06:33", "text": "up is when you zoom out on this chart,"}, {"start": "00:06:29", "end": "00:06:36", "text": "this entire zone, the entire zone right"}, {"start": "00:06:33", "end": "00:06:39", "text": "here was all an incredible buying"}, {"start": "00:06:36", "end": "00:06:41", "text": "opportunity setting up for the rest of"}, {"start": "00:06:39", "end": "00:06:44", "text": "the move. Right now, we did not I want"}, {"start": "00:06:41", "end": "00:06:48", "text": "everybody to remember we did not really"}, {"start": "00:06:44", "end": "00:06:49", "text": "get an alt season this last cycle. And"}, {"start": "00:06:48", "end": "00:06:51", "text": "we've already gone over that. We've"}, {"start": "00:06:49", "end": "00:06:53", "text": "covered it pretty uh pretty immensely"}, {"start": "00:06:51", "end": "00:06:55", "text": "with Matthew Highland and some of the"}, {"start": "00:06:53", "end": "00:06:57", "text": "things that he's looked at the the"}, {"start": "00:06:55", "end": "00:07:00", "text": "business cycle, the copper to gold"}, {"start": "00:06:57", "end": "00:07:02", "text": "ratio. Uh I mean just what we've seen in"}, {"start": "00:07:00", "end": "00:07:05", "text": "ETH to Bitcoin uh trajectory to the"}, {"start": "00:07:02", "end": "00:07:07", "text": "downside. Just Bitcoin had its run. Uh"}, {"start": "00:07:05", "end": "00:07:08", "text": "it had ETFs, it had the world's"}, {"start": "00:07:07", "end": "00:07:10", "text": "governments, it had the largest"}, {"start": "00:07:08", "end": "00:07:12", "text": "institutions of the world, mainstream"}, {"start": "00:07:10", "end": "00:07:16", "text": "media news coverage. All of that"}, {"start": "00:07:12", "end": "00:07:18", "text": "basically uh gave Bitcoin that jolt of"}, {"start": "00:07:16", "end": "00:07:19", "text": "liquidity that that could take it to"}, {"start": "00:07:18", "end": "00:07:21", "text": "these new highs. We never really got"}, {"start": "00:07:19", "end": "00:07:24", "text": "that on altcoins, but the picture"}, {"start": "00:07:21", "end": "00:07:27", "text": "remains the same this cycle with one"}, {"start": "00:07:24", "end": "00:07:28", "text": "major difference. So, if we are right"}, {"start": "00:07:27", "end": "00:07:30", "text": "here where we're getting this first run"}, {"start": "00:07:28", "end": "00:07:33", "text": "up, you know, sort of bump and run"}, {"start": "00:07:30", "end": "00:07:35", "text": "before before real takeoff and you come"}, {"start": "00:07:33", "end": "00:07:37", "text": "over to where we're at right now, I"}, {"start": "00:07:35", "end": "00:07:38", "text": "mean, same thing. Okay, let's measure"}, {"start": "00:07:37", "end": "00:07:41", "text": "this. Where are we at right now? If you"}, {"start": "00:07:38", "end": "00:07:43", "text": "measure this out about 60 days, where"}, {"start": "00:07:41", "end": "00:07:45", "text": "would that be? That would leave us right"}, {"start": "00:07:43", "end": "00:07:47", "text": "into the zone where we're at right now."}, {"start": "00:07:45", "end": "00:07:49", "text": "Now, do we get another a little bit more"}, {"start": "00:07:47", "end": "00:07:51", "text": "of a draw down? Does this get rejected"}, {"start": "00:07:49", "end": "00:07:54", "text": "here and come down a bit lower to those"}, {"start": "00:07:51", "end": "00:07:58", "text": "77s or 72s? To me, all of it is just"}, {"start": "00:07:54", "end": "00:08:01", "text": "noise. This very well may not go further"}, {"start": "00:07:58", "end": "00:08:04", "text": "down. But if the rockets are getting lit"}, {"start": "00:08:01", "end": "00:08:06", "text": "for the crypto market and we have the"}, {"start": "00:08:04", "end": "00:08:08", "text": "the business cycle and what we're seeing"}, {"start": "00:08:06", "end": "00:08:12", "text": "the expansion in liquidity and the the"}, {"start": "00:08:08", "end": "00:08:14", "text": "tokenization that's happening, aka akin"}, {"start": "00:08:12", "end": "00:08:16", "text": "to what we saw with Bitcoin last cycle"}, {"start": "00:08:14", "end": "00:08:18", "text": "with all the institutions coming in. Now"}, {"start": "00:08:16", "end": "00:08:20", "text": "we're getting all the institutions"}, {"start": "00:08:18", "end": "00:08:22", "text": "coming in with altcoins. So, if Bitcoin"}, {"start": "00:08:20", "end": "00:08:25", "text": "is on that that that stage right now"}, {"start": "00:08:22", "end": "00:08:26", "text": "that looks like it's getting set before"}, {"start": "00:08:25", "end": "00:08:29", "text": "basically setting up that that last"}, {"start": "00:08:26", "end": "00:08:31", "text": "little base before a much larger move"}, {"start": "00:08:29", "end": "00:08:32", "text": "and altcoins are also going to ride that"}, {"start": "00:08:31", "end": "00:08:34", "text": "sort of bullish narrative in the crypto"}, {"start": "00:08:32", "end": "00:08:36", "text": "market and we have institutions coming"}, {"start": "00:08:34", "end": "00:08:39", "text": "into altcoins then I think anywhere"}, {"start": "00:08:36", "end": "00:08:42", "text": "right here I don't care if it's near if"}, {"start": "00:08:39", "end": "00:08:44", "text": "it's unis swap aerodrome uh you're going"}, {"start": "00:08:42", "end": "00:08:46", "text": "to be upset that you're not buying for"}, {"start": "00:08:44", "end": "00:08:48", "text": "instance aerodyome okay you're mad that"}, {"start": "00:08:46", "end": "00:08:51", "text": "you didn't buy here it's already at the"}, {"start": "00:08:48", "end": "00:08:53", "text": "end of the road. It's already went from"}, {"start": "00:08:51", "end": "00:08:56", "text": "40 cents to a dollar. I'm not going to"}, {"start": "00:08:53", "end": "00:08:57", "text": "buy here. But as TJ has really been"}, {"start": "00:08:56", "end": "00:08:59", "text": "vocal about, I've been vocal about,"}, {"start": "00:08:57", "end": "00:09:01", "text": "you've been vocal about, arrow is going"}, {"start": "00:08:59", "end": "00:09:04", "text": "to play a major role in the tokenization"}, {"start": "00:09:01", "end": "00:09:08", "text": "game. Salana, Avalanche, uh, Bit Tensor"}, {"start": "00:09:04", "end": "00:09:09", "text": "Tow in the AI space. What we're seeing,"}, {"start": "00:09:08", "end": "00:09:13", "text": "I think, although we're getting this"}, {"start": "00:09:09", "end": "00:09:16", "text": "initial runup is we're setting that base"}, {"start": "00:09:13", "end": "00:09:19", "text": "before we get much larger moves to the"}, {"start": "00:09:16", "end": "00:09:23", "text": "to the upside. So I say pick the assets"}, {"start": "00:09:19", "end": "00:09:26", "text": "you want in your portfolio. Uh identify"}, {"start": "00:09:23", "end": "00:09:28", "text": "what is not yet stacked to to you know"}, {"start": "00:09:26", "end": "00:09:30", "text": "the levels or percentages in your"}, {"start": "00:09:28", "end": "00:09:32", "text": "portfolio that you want because although"}, {"start": "00:09:30", "end": "00:09:34", "text": "we have had a little bit of a run so"}, {"start": "00:09:32", "end": "00:09:38", "text": "far, I think we're going to see some"}, {"start": "00:09:34", "end": "00:09:40", "text": "face mel melting rallies uh into 2027."}, {"start": "00:09:38", "end": "00:09:42", "text": ">> Yeah. Yeah, I mean it's interesting when"}, {"start": "00:09:40", "end": "00:09:45", "text": "I'm looking at what you're saying and"}, {"start": "00:09:42", "end": "00:09:48", "text": "comparing it to uh the twoe time frame"}, {"start": "00:09:45", "end": "00:09:51", "text": "for Bitcoin. It [clears throat]"}, {"start": "00:09:48", "end": "00:09:53", "text": "has pulled back plenty. Like we have"}, {"start": "00:09:51", "end": "00:09:55", "text": "very much so had this. This is kind of"}, {"start": "00:09:53", "end": "00:09:57", "text": "what you're explaining is that you're"}, {"start": "00:09:55", "end": "00:10:00", "text": "pointing to the likelihood that we're"}, {"start": "00:09:57", "end": "00:10:04", "text": "actually sitting right about here in the"}, {"start": "00:10:00", "end": "00:10:07", "text": "uh overall, you know, past bare market"}, {"start": "00:10:04", "end": "00:10:09", "text": "and coming back down to test the top end"}, {"start": "00:10:07", "end": "00:10:12", "text": "of this old range that we had broken out"}, {"start": "00:10:09", "end": "00:10:14", "text": "of happened twice before that real"}, {"start": "00:10:12", "end": "00:10:16", "text": "takeoff moment. And this, you know, last"}, {"start": "00:10:14", "end": "00:10:18", "text": "bare market that we saw"}, {"start": "00:10:16", "end": "00:10:21", "text": "this general kind of tail end of the"}, {"start": "00:10:18", "end": "00:10:24", "text": "bare market blues being shrugged off, it"}, {"start": "00:10:21", "end": "00:10:26", "text": "lasted for about 182 days. So when I'm"}, {"start": "00:10:24", "end": "00:10:27", "text": "thinking about where we're at currently,"}, {"start": "00:10:26", "end": "00:10:29", "text": "we just started building this shelf,"}, {"start": "00:10:27", "end": "00:10:31", "text": "building ourselves out of those bare"}, {"start": "00:10:29", "end": "00:10:34", "text": "market blues. I mean, this could take"}, {"start": "00:10:31", "end": "00:10:36", "text": "all the way till March, maybe February"}, {"start": "00:10:34", "end": "00:10:39", "text": "of 2027 to really start to see that"}, {"start": "00:10:36", "end": "00:10:41", "text": "swoop back to the upside. I am seeing"}, {"start": "00:10:39", "end": "00:10:43", "text": "you know just for trading terms"}, {"start": "00:10:41", "end": "00:10:47", "text": "something interesting happening on the"}, {"start": "00:10:43", "end": "00:10:50", "text": "daily as well with the uh 50 SMA has"}, {"start": "00:10:47", "end": "00:10:52", "text": "been kind of a good local bounce point"}, {"start": "00:10:50", "end": "00:10:56", "text": "for Bitcoin to be finding its local"}, {"start": "00:10:52", "end": "00:10:58", "text": "support in those midnight shakeouts. Uh"}, {"start": "00:10:56", "end": "00:11:00", "text": "let me see your thoughts on UP Hood's"}, {"start": "00:10:58", "end": "00:11:03", "text": "arrow equivalent. I got to do some more"}, {"start": "00:11:00", "end": "00:11:06", "text": "work on up. I know about it. Um, it's"}, {"start": "00:11:03", "end": "00:11:09", "text": "the aerodyome of kind of Robin Hood, but"}, {"start": "00:11:06", "end": "00:11:10", "text": "I'll have to do a little bit more and"}, {"start": "00:11:09", "end": "00:11:12", "text": "maybe I can do a little bit more"}, {"start": "00:11:10", "end": "00:11:14", "text": "research on it on the show here today."}, {"start": "00:11:12", "end": "00:11:20", "text": "Um, but locally speaking, I think that"}, {"start": "00:11:14", "end": "00:11:22", "text": "as long as you're holding about 81,000"}, {"start": "00:11:20", "end": "00:11:24", "text": "on Bitcoin over the course of this"}, {"start": "00:11:22", "end": "00:11:26", "text": "trading week, we're going to be looking"}, {"start": "00:11:24", "end": "00:11:29", "text": "pretty darn strong. And I am hopeful"}, {"start": "00:11:26", "end": "00:11:31", "text": "that that uh kind of end of the bare"}, {"start": "00:11:29", "end": "00:11:32", "text": "market coiling season that you're"}, {"start": "00:11:31", "end": "00:11:36", "text": "talking about Kelly happens because that"}, {"start": "00:11:32", "end": "00:11:39", "text": "would bring about a massive opportunity"}, {"start": "00:11:36", "end": "00:11:41", "text": "for DCA in a pattern like that. Uh that"}, {"start": "00:11:39", "end": "00:11:44", "text": "really gives good confluence because you"}, {"start": "00:11:41", "end": "00:11:46", "text": "know I I am buying big bags of altcoins"}, {"start": "00:11:44", "end": "00:11:49", "text": "at this point but I want to be able to"}, {"start": "00:11:46", "end": "00:11:51", "text": "do so into next year comfortably. You"}, {"start": "00:11:49", "end": "00:11:54", "text": "know my fear is that next year gets too"}, {"start": "00:11:51", "end": "00:11:57", "text": "damn bullish and we start moving too"}, {"start": "00:11:54", "end": "00:11:59", "text": "quickly. So, that is something very very"}, {"start": "00:11:57", "end": "00:12:01", "text": "uh key that I'm watching here. Daily"}, {"start": "00:11:59", "end": "00:12:02", "text": "time frame doesn't look too bad to me"}, {"start": "00:12:01", "end": "00:12:05", "text": "though. Daily time frame doesn't look"}, {"start": "00:12:02", "end": "00:12:07", "text": "too bad. Like, we could easily start"}, {"start": "00:12:05", "end": "00:12:09", "text": "pumping out of this low portion of the"}, {"start": "00:12:07", "end": "00:12:12", "text": "volume area range that we've been"}, {"start": "00:12:09", "end": "00:12:14", "text": "trading in. I think that"}, {"start": "00:12:12", "end": "00:12:18", "text": "the main thing that I want to make sure"}, {"start": "00:12:14", "end": "00:12:21", "text": "of that I get across"}, {"start": "00:12:18", "end": "00:12:24", "text": "is sell plans. I know we started"}, {"start": "00:12:21", "end": "00:12:27", "text": "building that sell plan in the school,"}, {"start": "00:12:24", "end": "00:12:31", "text": "but you know, I I just don't feel like"}, {"start": "00:12:27", "end": "00:12:33", "text": "this market is going to be exactly what"}, {"start": "00:12:31", "end": "00:12:35", "text": "any of us think with the timing. I feel"}, {"start": "00:12:33", "end": "00:12:36", "text": "like the timing is going to get so"}, {"start": "00:12:35", "end": "00:12:38", "text": "skewed because we have such different"}, {"start": "00:12:36", "end": "00:12:39", "text": "data we're dealing with now, you know? I"}, {"start": "00:12:38", "end": "00:12:41", "text": "mean, what are your"}, {"start": "00:12:39", "end": "00:12:45", "text": ">> Well, you know what's wild is we have"}, {"start": "00:12:41", "end": "00:12:46", "text": "the most bullish setup in history. I"}, {"start": "00:12:45", "end": "00:12:48", "text": "mean, that you that we we could have"}, {"start": "00:12:46", "end": "00:12:50", "text": "only imagined. Honestly, I was bullish"}, {"start": "00:12:48", "end": "00:12:53", "text": "on where the market was going in terms"}, {"start": "00:12:50", "end": "00:12:54", "text": "of the fundamentals, uh, adoption,"}, {"start": "00:12:53", "end": "00:12:57", "text": "tokenization,"}, {"start": "00:12:54", "end": "00:13:00", "text": "ETFs, all this, you know, back in 2016,"}, {"start": "00:12:57", "end": "00:13:02", "text": "2017, 2018. I did not think the ETFs"}, {"start": "00:13:00", "end": "00:13:03", "text": "were going to come like they did with"}, {"start": "00:13:02", "end": "00:13:05", "text": "the whirlwind that they did for Bitcoin"}, {"start": "00:13:03", "end": "00:13:08", "text": "and then, you know, came on a little bit"}, {"start": "00:13:05", "end": "00:13:09", "text": "later with uh, Ethereum and Chain Link"}, {"start": "00:13:08", "end": "00:13:11", "text": "and some of the some of the other ones"}, {"start": "00:13:09", "end": "00:13:13", "text": "as well. But Bitcoin really has stolen"}, {"start": "00:13:11", "end": "00:13:15", "text": "the show on ETFs. And now with"}, {"start": "00:13:13", "end": "00:13:18", "text": "tokenization, that's the real story for"}, {"start": "00:13:15", "end": "00:13:20", "text": "alts. It's not ETFs, it's actually using"}, {"start": "00:13:18", "end": "00:13:22", "text": "them as the rails uh in different"}, {"start": "00:13:20", "end": "00:13:24", "text": "various ways that they've been meant to"}, {"start": "00:13:22", "end": "00:13:27", "text": "you be used for, whether it's DeFi or"}, {"start": "00:13:24", "end": "00:13:29", "text": "tokenization, all these things. And so"}, {"start": "00:13:27", "end": "00:13:32", "text": "this is also at the same time that we're"}, {"start": "00:13:29", "end": "00:13:34", "text": "seeing a record level of housing and"}, {"start": "00:13:32", "end": "00:13:36", "text": "affordability. We're seeing the"}, {"start": "00:13:34", "end": "00:13:39", "text": "whirlwind that is AI at the same pace,"}, {"start": "00:13:36", "end": "00:13:40", "text": "but we're also getting massive fear"}, {"start": "00:13:39", "end": "00:13:42", "text": "around AI as well. I mean, I don't know"}, {"start": "00:13:40", "end": "00:13:44", "text": "if you saw the story that came out"}, {"start": "00:13:42", "end": "00:13:47", "text": "earlier today. uh Anthropic warned"}, {"start": "00:13:44", "end": "00:13:49", "text": "against agent swarms uh basically"}, {"start": "00:13:47", "end": "00:13:51", "text": "breaking free and attacking home"}, {"start": "00:13:49", "end": "00:13:54", "text": "networks and and your home devices and"}, {"start": "00:13:51", "end": "00:13:57", "text": "all. I mean, so there's this massive"}, {"start": "00:13:54", "end": "00:14:00", "text": "bullishness met with like what the hell"}, {"start": "00:13:57", "end": "00:14:02", "text": "is going on, man. So So I I do think"}, {"start": "00:14:00", "end": "00:14:04", "text": "it's uh it's going to meteor meter a"}, {"start": "00:14:02", "end": "00:14:06", "text": "little bit, but it to your point, it's"}, {"start": "00:14:04", "end": "00:14:08", "text": "very hard to say, well, this is a"}, {"start": "00:14:06", "end": "00:14:09", "text": "fractal from last cycle and this is"}, {"start": "00:14:08", "end": "00:14:11", "text": "going to happen. I don't think that's"}, {"start": "00:14:09", "end": "00:14:13", "text": "going to be the case, but I do think the"}, {"start": "00:14:11", "end": "00:14:15", "text": "pressure is going to outweigh the uh the"}, {"start": "00:14:13", "end": "00:14:17", "text": "bullish pressure is going to outweigh uh"}, {"start": "00:14:15", "end": "00:14:19", "text": "the bearish fears that that that in this"}, {"start": "00:14:17", "end": "00:14:21", "text": "chaotic market that are never going to"}, {"start": "00:14:19", "end": "00:14:23", "text": "go away. Oh, yeah. I mean, like you"}, {"start": "00:14:21", "end": "00:14:26", "text": "said, the application of crypto is"}, {"start": "00:14:23", "end": "00:14:28", "text": "happening. Uh the S&P Dow Jones indices"}, {"start": "00:14:26", "end": "00:14:32", "text": "just completed its first ever derivative"}, {"start": "00:14:28", "end": "00:14:34", "text": "swap on a crypto blockchain. Wall Street"}, {"start": "00:14:32", "end": "00:14:36", "text": "making these moves on chain and kind of"}, {"start": "00:14:34", "end": "00:14:39", "text": "what what's powering it. Managing OTC"}, {"start": "00:14:36", "end": "00:14:41", "text": "swap over its life cycle requires"}, {"start": "00:14:39", "end": "00:14:44", "text": "multiple systems and ongoing"}, {"start": "00:14:41", "end": "00:14:46", "text": "reconciliation between all these parties"}, {"start": "00:14:44", "end": "00:14:49", "text": "counterparties. It looks like actually"}, {"start": "00:14:46", "end": "00:14:52", "text": "Canton was involved with the initial"}, {"start": "00:14:49", "end": "00:14:55", "text": "test of this. So Canton is one of the"}, {"start": "00:14:52", "end": "00:14:58", "text": "early movers in this tokenizing"}, {"start": "00:14:55", "end": "00:15:00", "text": "uh the markets at large. it is playing"}, {"start": "00:14:58", "end": "00:15:01", "text": "into Canton's price locally which we'll"}, {"start": "00:15:00", "end": "00:15:04", "text": "have a look at and then the fear that"}, {"start": "00:15:01", "end": "00:15:08", "text": "you were talking about Kelly it's you"}, {"start": "00:15:04", "end": "00:15:12", "text": "know I it's something that I I also want"}, {"start": "00:15:08", "end": "00:15:15", "text": "to talk about this TJ"}, {"start": "00:15:12", "end": "00:15:17", "text": "this is he TJ rolled a crazy theory by"}, {"start": "00:15:15", "end": "00:15:22", "text": "me and it's something that like I had"}, {"start": "00:15:17", "end": "00:15:27", "text": "given some thought to but imagine"}, {"start": "00:15:22", "end": "00:15:29", "text": "a tokenized market and an AI agent"}, {"start": "00:15:27", "end": "00:15:32", "text": "financial movement market being born"}, {"start": "00:15:29", "end": "00:15:35", "text": "over the next four to five years and an"}, {"start": "00:15:32", "end": "00:15:38", "text": "AI agent simply looking around at what"}, {"start": "00:15:35", "end": "00:15:40", "text": "bank offers better yield, what vehicle"}, {"start": "00:15:38", "end": "00:15:42", "text": "financially can get you more money"}, {"start": "00:15:40", "end": "00:15:44", "text": "because this is stuff me and you know"}, {"start": "00:15:42", "end": "00:15:46", "text": "just regular people. I don't want to go"}, {"start": "00:15:44", "end": "00:15:49", "text": "to my bank and waste four hours of my"}, {"start": "00:15:46", "end": "00:15:50", "text": "time to save a hundred bucks a year. I'm"}, {"start": "00:15:49", "end": "00:15:51", "text": "not going to do it, right? It's just not"}, {"start": "00:15:50", "end": "00:15:54", "text": "worth my time."}, {"start": "00:15:51", "end": "00:15:56", "text": ">> Well, we we live in the age of now. We"}, {"start": "00:15:54", "end": "00:15:59", "text": "live in Amazon Prime isn't fast enough"}, {"start": "00:15:56", "end": "00:16:01", "text": "now. So they have Amazon now which is"}, {"start": "00:15:59", "end": "00:16:03", "text": "like in the next hour. And that's the"}, {"start": "00:16:01", "end": "00:16:06", "text": "story of everything we do. We don't"}, {"start": "00:16:03", "end": "00:16:09", "text": "people we've lost our social muscle to"}, {"start": "00:16:06", "end": "00:16:11", "text": "go and spend a day doing errands to do"}, {"start": "00:16:09", "end": "00:16:12", "text": "things that could be done with the click"}, {"start": "00:16:11", "end": "00:16:14", "text": "or automated. And that's where"}, {"start": "00:16:12", "end": "00:16:16", "text": "everything's going, including finance."}, {"start": "00:16:14", "end": "00:16:19", "text": ">> Yeah. Yeah. And if an AI agent is just"}, {"start": "00:16:16", "end": "00:16:21", "text": "scrubbing for that higher return for you"}, {"start": "00:16:19", "end": "00:16:23", "text": "in the background while you're sleeping,"}, {"start": "00:16:21", "end": "00:16:26", "text": "making it happen while you're sleeping,"}, {"start": "00:16:23", "end": "00:16:28", "text": "an AI agent"}, {"start": "00:16:26", "end": "00:16:30", "text": "caused bank run is actually on the"}, {"start": "00:16:28", "end": "00:16:32", "text": "table. I mean, think about the the"}, {"start": "00:16:30", "end": "00:16:36", "text": "liquidity flight that could happen. If"}, {"start": "00:16:32", "end": "00:16:38", "text": "AI agents are actually in control,"}, {"start": "00:16:36", "end": "00:16:39", "text": "that could cause some real big stress to"}, {"start": "00:16:38", "end": "00:16:42", "text": "the banking infrastructure. It's kind of"}, {"start": "00:16:39", "end": "00:16:44", "text": "a heady uh subject matter to be talking"}, {"start": "00:16:42", "end": "00:16:46", "text": "about this morning with it. But you know"}, {"start": "00:16:44", "end": "00:16:49", "text": "this this world is moving towards"}, {"start": "00:16:46", "end": "00:16:51", "text": "velocity of money increasing. All right."}, {"start": "00:16:49", "end": "00:16:54", "text": "There is no other way to do it because"}, {"start": "00:16:51", "end": "00:16:57", "text": "they need to find the liquidity in terms"}, {"start": "00:16:54", "end": "00:17:00", "text": "of tokenizing splitting these assets up."}, {"start": "00:16:57", "end": "00:17:03", "text": "Fiat currency is failing them. fiat"}, {"start": "00:17:00", "end": "00:17:06", "text": "currency since the 1971 time frame."}, {"start": "00:17:03", "end": "00:17:09", "text": "Here's a snapshot of all the different"}, {"start": "00:17:06", "end": "00:17:11", "text": "fiat currencies that are just all in"}, {"start": "00:17:09", "end": "00:17:13", "text": "freef fall across the world. And you"}, {"start": "00:17:11", "end": "00:17:17", "text": "know, seeing this happen, it's something"}, {"start": "00:17:13", "end": "00:17:19", "text": "we knew was coming. It just feels quick."}, {"start": "00:17:17", "end": "00:17:21", "text": "It feels very quick. And we have I know"}, {"start": "00:17:19", "end": "00:17:23", "text": "we have some economic data coming out. I"}, {"start": "00:17:21", "end": "00:17:26", "text": "believe it's CPI"}, {"start": "00:17:23", "end": "00:17:27", "text": "uh CPI data"}, {"start": "00:17:26", "end": "00:17:30", "text": ">> I don't think you've seen this yet. Let"}, {"start": "00:17:27", "end": "00:17:31", "text": "me let me pull this up because this I"}, {"start": "00:17:30", "end": "00:17:33", "text": "don't think this is out for everybody"}, {"start": "00:17:31", "end": "00:17:35", "text": "else yet, but you can see this right"}, {"start": "00:17:33", "end": "00:17:38", "text": "here. Throw it throw it to the screen."}, {"start": "00:17:35", "end": "00:17:40", "text": "We got a an updated macro calendar"}, {"start": "00:17:38", "end": "00:17:42", "text": "that's going to that's highlights all"}, {"start": "00:17:40", "end": "00:17:44", "text": "the things coming up on the 7-day or"}, {"start": "00:17:42", "end": "00:17:45", "text": "three months. And you can also filter by"}, {"start": "00:17:44", "end": "00:17:49", "text": "the different types of data. But yeah,"}, {"start": "00:17:45", "end": "00:17:52", "text": "on uh Wednesday 8:30 a.m. we have got"}, {"start": "00:17:49", "end": "00:17:54", "text": "the CPI data coming out. Uh so that's"}, {"start": "00:17:52", "end": "00:17:55", "text": "tomorrow uh September C and that's going"}, {"start": "00:17:54", "end": "00:17:57", "text": "to be probably a little bit of a"}, {"start": "00:17:55", "end": "00:17:59", "text": "volatility going into that because"}, {"start": "00:17:57", "end": "00:18:01", "text": "everybody's on the fence about Worsh"}, {"start": "00:17:59", "end": "00:18:02", "text": "suppose remember everybody was so"}, {"start": "00:18:01", "end": "00:18:04", "text": "hopeful about this rate cuts that were"}, {"start": "00:18:02", "end": "00:18:05", "text": "coming in with Worsh and then they"}, {"start": "00:18:04", "end": "00:18:08", "text": "forgot that the the Fed is independent"}, {"start": "00:18:05", "end": "00:18:11", "text": "from Trump whether or not he appointed"}, {"start": "00:18:08", "end": "00:18:12", "text": "them you know him or not. Uh so it's"}, {"start": "00:18:11", "end": "00:18:14", "text": "still looking like we may be getting"}, {"start": "00:18:12", "end": "00:18:15", "text": "cuts, we may not and the markets"}, {"start": "00:18:14", "end": "00:18:18", "text": "reacting to that."}, {"start": "00:18:15", "end": "00:18:19", "text": ">> Mhm. Yeah. I mean it's pretty well set"}, {"start": "00:18:18", "end": "00:18:21", "text": "in stone that we're not going to be"}, {"start": "00:18:19", "end": "00:18:23", "text": "getting rate cuts. I believe the last"}, {"start": "00:18:21", "end": "00:18:26", "text": "time I looked at the data um we were at"}, {"start": "00:18:23", "end": "00:18:30", "text": "about an 86% likelihood that there was"}, {"start": "00:18:26", "end": "00:18:32", "text": "no Federal Reserve in interest increase"}, {"start": "00:18:30", "end": "00:18:34", "text": "this month. So I don't think that's"}, {"start": "00:18:32", "end": "00:18:36", "text": "changed. Let me go back and uh double"}, {"start": "00:18:34", "end": "00:18:38", "text": "check here. I just want to make sure I'm"}, {"start": "00:18:36", "end": "00:18:40", "text": "bringing the fresh data to everyone so"}, {"start": "00:18:38", "end": "00:18:42", "text": "we kind of know to expect tomorrow"}, {"start": "00:18:40", "end": "00:18:44", "text": "because tomorrow or this week in kind of"}, {"start": "00:18:42", "end": "00:18:46", "text": "the end of October is going to be a"}, {"start": "00:18:44", "end": "00:18:48", "text": "little nuts. They have the actual"}, {"start": "00:18:46", "end": "00:18:51", "text": "decision 15 days from now. Yeah. Okay."}, {"start": "00:18:48", "end": "00:18:54", "text": "So slight pullback, but still that 76%"}, {"start": "00:18:51", "end": "00:18:56", "text": "likelihood of holding those rates as"}, {"start": "00:18:54", "end": "00:18:59", "text": "things sit and you know just waiting for"}, {"start": "00:18:56", "end": "00:19:02", "text": "that big cataclysm and waiting for this"}, {"start": "00:18:59", "end": "00:19:05", "text": "big bearish event to take place. It's"}, {"start": "00:19:02", "end": "00:19:07", "text": "scientifically proven to be stressful"}, {"start": "00:19:05", "end": "00:19:10", "text": "and wrong, right? Scientifically proven"}, {"start": "00:19:07", "end": "00:19:12", "text": "to be bullish and optimistic. That's"}, {"start": "00:19:10", "end": "00:19:14", "text": "good for your health and longevity. And"}, {"start": "00:19:12", "end": "00:19:16", "text": "I actually this hit me differently"}, {"start": "00:19:14", "end": "00:19:18", "text": "because I always ask like who makes more"}, {"start": "00:19:16", "end": "00:19:20", "text": "money, the optimist or the pessimist?"}, {"start": "00:19:18", "end": "00:19:21", "text": "I've always felt like the optimist makes"}, {"start": "00:19:20", "end": "00:19:23", "text": "the most amount of money because they"}, {"start": "00:19:21", "end": "00:19:25", "text": "can stay in position."}, {"start": "00:19:23", "end": "00:19:26", "text": ">> You're open to seeing opportunities if"}, {"start": "00:19:25", "end": "00:19:28", "text": "you're optimistic. If you're"}, {"start": "00:19:26", "end": "00:19:30", "text": "pessimistic, you're never going to, you"}, {"start": "00:19:28", "end": "00:19:32", "text": "know, have the door built for"}, {"start": "00:19:30", "end": "00:19:33", "text": "opportunity to knock. But hey, will you"}, {"start": "00:19:32", "end": "00:19:37", "text": "go back to that chart you showed a"}, {"start": "00:19:33", "end": "00:19:39", "text": "second ago with the the fiat collapse?"}, {"start": "00:19:37", "end": "00:19:40", "text": ">> Uh, let's see here. Yeah, I'll pull it"}, {"start": "00:19:39", "end": "00:19:42", "text": "up. I actually had moved on from it, but"}, {"start": "00:19:40", "end": "00:19:45", "text": "I can pull it up here real quick because"}, {"start": "00:19:42", "end": "00:19:48", "text": "it is a huge driving factor and kind of"}, {"start": "00:19:45", "end": "00:19:50", "text": "the first talking point that I bring up"}, {"start": "00:19:48", "end": "00:19:53", "text": "to people when they're not in crypto or"}, {"start": "00:19:50", "end": "00:19:56", "text": "not into investing in general yet. Um,"}, {"start": "00:19:53", "end": "00:19:58", "text": "you know, bringing up how fast this"}, {"start": "00:19:56", "end": "00:20:00", "text": "buying power is falling apart is"}, {"start": "00:19:58", "end": "00:20:01", "text": "something super important to keep in"}, {"start": "00:20:00", "end": "00:20:04", "text": "mind because this affects everybody."}, {"start": "00:20:01", "end": "00:20:08", "text": ">> Well, look at those dates, right? That's"}, {"start": "00:20:04", "end": "00:20:12", "text": "uh 1980 into the 2000s to where we're at"}, {"start": "00:20:08", "end": "00:20:14", "text": "now. If if anybody thinks about you know"}, {"start": "00:20:12", "end": "00:20:16", "text": "your life if you I'm 42 so you you will"}, {"start": "00:20:14", "end": "00:20:17", "text": "have remembered this and if if you're a"}, {"start": "00:20:16", "end": "00:20:20", "text": "little younger than we are then you'll"}, {"start": "00:20:17", "end": "00:20:22", "text": "you can also look at any of the history"}, {"start": "00:20:20", "end": "00:20:25", "text": "you can look at other data charts too"}, {"start": "00:20:22", "end": "00:20:27", "text": "that perfectly coincides with the"}, {"start": "00:20:25", "end": "00:20:30", "text": "astronomical jump in divorce rates that"}, {"start": "00:20:27", "end": "00:20:32", "text": "we have that the astron I you know uh"}, {"start": "00:20:30", "end": "00:20:35", "text": "families being broken up uh you know the"}, {"start": "00:20:32", "end": "00:20:39", "text": "lack of of of of"}, {"start": "00:20:35", "end": "00:20:42", "text": "good moral character in public. Uh it's"}, {"start": "00:20:39", "end": "00:20:44", "text": "it's almost as if the the collapse of"}, {"start": "00:20:42", "end": "00:20:46", "text": "the dollar, the collapse of buying power"}, {"start": "00:20:44", "end": "00:20:49", "text": "has left a lot of people feeling"}, {"start": "00:20:46", "end": "00:20:51", "text": "disenfranchised. It's left it's left a"}, {"start": "00:20:49", "end": "00:20:53", "text": "lot of chaos in its wake because"}, {"start": "00:20:51", "end": "00:20:55", "text": "everybody's got to work two jobs. you"}, {"start": "00:20:53", "end": "00:20:57", "text": "know, that the the average uh or the"}, {"start": "00:20:55", "end": "00:21:00", "text": "median household income for and this"}, {"start": "00:20:57", "end": "00:21:04", "text": "blows my mind for a family of four is"}, {"start": "00:21:00", "end": "00:21:07", "text": "like is like 65,000 or 50 50 to $60,000"}, {"start": "00:21:04", "end": "00:21:09", "text": "and I make well over that and I spend my"}, {"start": "00:21:07", "end": "00:21:11", "text": "money to zero every month and I'm a"}, {"start": "00:21:09", "end": "00:21:14", "text": "single guy with no kids and so I can"}, {"start": "00:21:11", "end": "00:21:17", "text": "understand that uh the the lack of"}, {"start": "00:21:14", "end": "00:21:19", "text": "buying power that's only getting worse"}, {"start": "00:21:17", "end": "00:21:21", "text": "and the and then you look at right now"}, {"start": "00:21:19", "end": "00:21:24", "text": "the explosion in betting markets and"}, {"start": "00:21:21", "end": "00:21:26", "text": "draft kings And you can bet on who's"}, {"start": "00:21:24", "end": "00:21:28", "text": "going to win the Senate race. And you"}, {"start": "00:21:26", "end": "00:21:30", "text": "can bet on how many cars go through a"}, {"start": "00:21:28", "end": "00:21:32", "text": "stoplight. And it it's it's all of this"}, {"start": "00:21:30", "end": "00:21:34", "text": "is connected. It's not just, oh, the"}, {"start": "00:21:32", "end": "00:21:37", "text": "dollar is losing buying power. No, the"}, {"start": "00:21:34", "end": "00:21:41", "text": "the fabric of society, the trust of"}, {"start": "00:21:37", "end": "00:21:43", "text": "what's happening is basically this shows"}, {"start": "00:21:41", "end": "00:21:45", "text": "it in an inverted chart. It's it's"}, {"start": "00:21:43", "end": "00:21:48", "text": "basically just a collapse of the dollar"}, {"start": "00:21:45", "end": "00:21:49", "text": "uh leads to the collapse of every"}, {"start": "00:21:48", "end": "00:21:52", "text": "everything else that's happening in"}, {"start": "00:21:49", "end": "00:21:54", "text": "society. H I mean that's an interesting"}, {"start": "00:21:52", "end": "00:21:56", "text": "correlation there. And you mentioned uh"}, {"start": "00:21:54", "end": "00:21:59", "text": "prediction markets. I did see this uh"}, {"start": "00:21:56", "end": "00:22:02", "text": "early this morning. CME Group the CEO"}, {"start": "00:21:59", "end": "00:22:04", "text": "Terren Duffy has said that the CFTC is"}, {"start": "00:22:02", "end": "00:22:07", "text": "making a bit of a stretch in asserting"}, {"start": "00:22:04", "end": "00:22:10", "text": "its regulatory authority over prediction"}, {"start": "00:22:07", "end": "00:22:12", "text": "markets as a potential Supreme Court"}, {"start": "00:22:10", "end": "00:22:15", "text": "showdown between the states and federal"}, {"start": "00:22:12", "end": "00:22:16", "text": "government over these prediction markets"}, {"start": "00:22:15", "end": "00:22:18", "text": "looms. This will go to the Supreme"}, {"start": "00:22:16", "end": "00:22:20", "text": "Court, he says. And I think that the"}, {"start": "00:22:18", "end": "00:22:24", "text": "states and the tribes will prevail."}, {"start": "00:22:20", "end": "00:22:25", "text": "Duffy said on Tuesday at a DC fintech"}, {"start": "00:22:24", "end": "00:22:29", "text": "week and obvious Yeah. I mean the tribes"}, {"start": "00:22:25", "end": "00:22:30", "text": "with the casino sector um large money"}, {"start": "00:22:29", "end": "00:22:32", "text": "lobbying. This is going to be very very"}, {"start": "00:22:30", "end": "00:22:35", "text": "interesting to see if this goes to the"}, {"start": "00:22:32", "end": "00:22:36", "text": "Supreme Court about prediction markets"}, {"start": "00:22:35", "end": "00:22:39", "text": "rolling out at large and you know Trump"}, {"start": "00:22:36", "end": "00:22:41", "text": "came out said the world's a casino and"}, {"start": "00:22:39", "end": "00:22:43", "text": "everyone's looking for their angle. I"}, {"start": "00:22:41", "end": "00:22:46", "text": "think that the longer term vision here"}, {"start": "00:22:43", "end": "00:22:48", "text": "and how we can really win is just you"}, {"start": "00:22:46", "end": "00:22:50", "text": "know there is something that is within"}, {"start": "00:22:48", "end": "00:22:53", "text": "control and it's Bitcoin's having cycle"}, {"start": "00:22:50", "end": "00:22:56", "text": "right it's the amount of supply that"}, {"start": "00:22:53", "end": "00:22:58", "text": "comes out for Bitcoin the economy the"}, {"start": "00:22:56", "end": "00:23:00", "text": "economic activity on Bitcoin continues"}, {"start": "00:22:58", "end": "00:23:02", "text": "to grow and it's still a very nent"}, {"start": "00:23:00", "end": "00:23:04", "text": "version of what we know is money this is"}, {"start": "00:23:02", "end": "00:23:06", "text": "from Willie Woo talking about the super"}, {"start": "00:23:04", "end": "00:23:09", "text": "cycle just being another way to say"}, {"start": "00:23:06", "end": "00:23:11", "text": "Bitcoin breaks out of fourear cycles and"}, {"start": "00:23:09", "end": "00:23:13", "text": "follows global macro markets"}, {"start": "00:23:11", "end": "00:23:16", "text": "No asset in history has followed that"}, {"start": "00:23:13", "end": "00:23:18", "text": "programmatic clock except for Bitcoin."}, {"start": "00:23:16", "end": "00:23:21", "text": "It's got the supply shock now a"}, {"start": "00:23:18", "end": "00:23:23", "text": "potential and it's too small to make a"}, {"start": "00:23:21", "end": "00:23:24", "text": "difference in terms of this having and"}, {"start": "00:23:23", "end": "00:23:26", "text": "this is something you I remember you"}, {"start": "00:23:24", "end": "00:23:28", "text": "actually the reason why I brought it up"}, {"start": "00:23:26", "end": "00:23:31", "text": "is I remember you mentioned that that as"}, {"start": "00:23:28", "end": "00:23:34", "text": "you go through these changes in"}, {"start": "00:23:31", "end": "00:23:36", "text": "Bitcoin's in you know how many coins are"}, {"start": "00:23:34", "end": "00:23:40", "text": "coming out the inflation of it gets less"}, {"start": "00:23:36", "end": "00:23:42", "text": "and less by half and now we're I think"}, {"start": "00:23:40", "end": "00:23:45", "text": "we're at 3.125"}, {"start": "00:23:42", "end": "00:23:48", "text": "or something like that Bitcoin per block"}, {"start": "00:23:45", "end": "00:23:50", "text": "that's going to be cut down to say 1.55"}, {"start": "00:23:48", "end": "00:23:53", "text": "1.6."}, {"start": "00:23:50", "end": "00:23:55", "text": "It's very interesting to see the"}, {"start": "00:23:53", "end": "00:23:58", "text": "volatility in the inflation go down and"}, {"start": "00:23:55", "end": "00:24:02", "text": "then the general price of it on a linear"}, {"start": "00:23:58", "end": "00:24:04", "text": "graph very coiled up very very coiled up"}, {"start": "00:24:02", "end": "00:24:06", "text": "you know and a lot of those macro"}, {"start": "00:24:04", "end": "00:24:09", "text": "suppression six-year suppression trend"}, {"start": "00:24:06", "end": "00:24:12", "text": "lines that are more visible for me they"}, {"start": "00:24:09", "end": "00:24:16", "text": "seem to come from the linear view of"}, {"start": "00:24:12", "end": "00:24:18", "text": "this market. Um, but you know, as we"}, {"start": "00:24:16", "end": "00:24:20", "text": "grow to the multi-t trillion dollar"}, {"start": "00:24:18", "end": "00:24:23", "text": "asset class, it's not going to be"}, {"start": "00:24:20", "end": "00:24:26", "text": "horribly surprising to see Bitcoin kind"}, {"start": "00:24:23", "end": "00:24:29", "text": "of level out. I mean, not necessarily"}, {"start": "00:24:26", "end": "00:24:31", "text": "with these massive, you know, 100 800%"}, {"start": "00:24:29", "end": "00:24:33", "text": "swings. The larger this market gets, the"}, {"start": "00:24:31", "end": "00:24:34", "text": "more stable it's going to get. And look,"}, {"start": "00:24:33", "end": "00:24:36", "text": "this is crazy."}, {"start": "00:24:34", "end": "00:24:37", "text": ">> Well, check this out. Here's a better"}, {"start": "00:24:36", "end": "00:24:39", "text": "way of looking at that same chart that"}, {"start": "00:24:37", "end": "00:24:43", "text": "you were just talking about. The"}, {"start": "00:24:39", "end": "00:24:45", "text": ">> 50 Bitcoin to 25 Bitcoin to 12. This is"}, {"start": "00:24:43", "end": "00:24:48", "text": "this is what really matters. It's every"}, {"start": "00:24:45", "end": "00:24:50", "text": "10 minutes, right? So the the four-year"}, {"start": "00:24:48", "end": "00:24:52", "text": "cycle everybody's talking about what"}, {"start": "00:24:50", "end": "00:24:54", "text": "that really has to do with is the having"}, {"start": "00:24:52", "end": "00:24:56", "text": "cycle. The having cycle is not four"}, {"start": "00:24:54", "end": "00:24:59", "text": "years. It's every 210,000 blocks which"}, {"start": "00:24:56", "end": "00:25:01", "text": "extrapolates to roughly about you know"}, {"start": "00:24:59", "end": "00:25:03", "text": "three years 10 months or something like"}, {"start": "00:25:01", "end": "00:25:06", "text": "that. But this is the more important"}, {"start": "00:25:03", "end": "00:25:09", "text": "numbers. The first block the first early"}, {"start": "00:25:06", "end": "00:25:12", "text": "on it was 50 Bitcoin per per block every"}, {"start": "00:25:09", "end": "00:25:15", "text": "10 minutes. It represented about 7,200"}, {"start": "00:25:12", "end": "00:25:17", "text": "Bitcoin a day. That's pretty substantial"}, {"start": "00:25:15", "end": "00:25:21", "text": "inflation. Then it was reduced to 30"}, {"start": "00:25:17", "end": "00:25:24", "text": "3,600 per day, then 1,800 per day. Uh"}, {"start": "00:25:21", "end": "00:25:27", "text": "900 per day. Uh right now we are in this"}, {"start": "00:25:24", "end": "00:25:29", "text": "epoch right here, 450 Bitcoin per day."}, {"start": "00:25:27", "end": "00:25:32", "text": "And the next epoch, which happens in"}, {"start": "00:25:29", "end": "00:25:35", "text": "around April 2028, will be 225 Bitcoin"}, {"start": "00:25:32", "end": "00:25:38", "text": "per day. So, it's not just, oh, it went"}, {"start": "00:25:35", "end": "00:25:40", "text": "from 3.125 to 1.5, whatever it is. Uh,"}, {"start": "00:25:38", "end": "00:25:42", "text": "1.5625."}, {"start": "00:25:40", "end": "00:25:46", "text": "You you you got that pretty close with"}, {"start": "00:25:42", "end": "00:25:48", "text": "your guess, 1.55. Um, it's it's the it's"}, {"start": "00:25:46", "end": "00:25:49", "text": "the total per day that's hitting the"}, {"start": "00:25:48", "end": "00:25:51", "text": "market. And then you think about that"}, {"start": "00:25:49", "end": "00:25:54", "text": "over a period of a month. Uh, and these"}, {"start": "00:25:51", "end": "00:25:55", "text": "numbers are are shrinking dramatically."}, {"start": "00:25:54", "end": "00:25:58", "text": "And right now it doesn't feel like it"}, {"start": "00:25:55", "end": "00:26:00", "text": "has a huge impact also because uh price"}, {"start": "00:25:58", "end": "00:26:03", "text": "has been, you know, down from last"}, {"start": "00:26:00", "end": "00:26:06", "text": "October and feels a bit flat here at the"}, {"start": "00:26:03", "end": "00:26:07", "text": "$80,000 mark. But when we get the run on"}, {"start": "00:26:06", "end": "00:26:10", "text": "Bitcoin, which is coming, and we get"}, {"start": "00:26:07", "end": "00:26:13", "text": "into the 200,000 plus, and we get into"}, {"start": "00:26:10", "end": "00:26:16", "text": "the 600,000 plus, and I know we're going"}, {"start": "00:26:13", "end": "00:26:19", "text": "to get into the million Bitcoin, uh"}, {"start": "00:26:16", "end": "00:26:21", "text": "million dollars per Bitcoin, uh the the"}, {"start": "00:26:19", "end": "00:26:24", "text": "mining rewards have more impact. Even"}, {"start": "00:26:21", "end": "00:26:26", "text": "though it's smaller amounts, it's still"}, {"start": "00:26:24", "end": "00:26:28", "text": "the price is so much higher that that"}, {"start": "00:26:26", "end": "00:26:30", "text": "this is how it's kind of self-regulated"}, {"start": "00:26:28", "end": "00:26:32", "text": "itself as it's as it's gone."}, {"start": "00:26:30", "end": "00:26:34", "text": ">> Absolutely. And God, while you were"}, {"start": "00:26:32", "end": "00:26:35", "text": "talking, Kelly, I went and looked at"}, {"start": "00:26:34", "end": "00:26:38", "text": "something. So, what I'm looking at is"}, {"start": "00:26:35", "end": "00:26:41", "text": "the two-week Bitcoin chart with not"}, {"start": "00:26:38", "end": "00:26:44", "text": "money flow, but MACD on the bottom end"}, {"start": "00:26:41", "end": "00:26:46", "text": "on the twoe time frame. and what you"}, {"start": "00:26:44", "end": "00:26:49", "text": "said this one as we opened. I mean,"}, {"start": "00:26:46", "end": "00:26:50", "text": "you're giving me confluence from your"}, {"start": "00:26:49", "end": "00:26:54", "text": "angle right here. But I was looking at"}, {"start": "00:26:50", "end": "00:26:57", "text": "the moment we breached the midpoint on"}, {"start": "00:26:54", "end": "00:26:59", "text": "this MACD moving average and started to"}, {"start": "00:26:57", "end": "00:27:01", "text": "build up kind of this bullish wave which"}, {"start": "00:26:59", "end": "00:27:04", "text": "led into that awesome accumulation"}, {"start": "00:27:01", "end": "00:27:06", "text": "pattern that we had in 23. I mean, this"}, {"start": "00:27:04", "end": "00:27:08", "text": "the buying was ripe because we knew we"}, {"start": "00:27:06", "end": "00:27:10", "text": "weren't going to hell in a hand basket."}, {"start": "00:27:08", "end": "00:27:12", "text": "We knew Bitcoin had experienced the lows"}, {"start": "00:27:10", "end": "00:27:14", "text": "and was coiling up its strength. This"}, {"start": "00:27:12", "end": "00:27:15", "text": "was the ultimate buy zone. You know,"}, {"start": "00:27:14", "end": "00:27:17", "text": "even though I felt I was buying this"}, {"start": "00:27:15", "end": "00:27:20", "text": "whole zone, the real money I made in"}, {"start": "00:27:17", "end": "00:27:23", "text": "altcoins were bags that I bought in the"}, {"start": "00:27:20", "end": "00:27:24", "text": "tail end of that bare market. And I'm"}, {"start": "00:27:23", "end": "00:27:25", "text": "looking at"}, {"start": "00:27:24", "end": "00:27:27", "text": ">> So, you're saying kind of like where"}, {"start": "00:27:25", "end": "00:27:28", "text": "we're at right now with the Bitcoin"}, {"start": "00:27:27", "end": "00:27:30", "text": "chart. And"}, {"start": "00:27:28", "end": "00:27:32", "text": ">> exactly. I mean, it's to the tea. It's"}, {"start": "00:27:30", "end": "00:27:33", "text": "to the tea. This is exactly what you"}, {"start": "00:27:32", "end": "00:27:35", "text": "said at the beginning of the show, and"}, {"start": "00:27:33", "end": "00:27:39", "text": "I'm looking at it from a completely"}, {"start": "00:27:35", "end": "00:27:42", "text": "different lens here. So, I mean, very"}, {"start": "00:27:39", "end": "00:27:44", "text": "much so. I feel like, you know, we can"}, {"start": "00:27:42", "end": "00:27:46", "text": "be painting this picture that"}, {"start": "00:27:44", "end": "00:27:48", "text": "essentially, you know, moving averages"}, {"start": "00:27:46", "end": "00:27:51", "text": "be damned. I'm looking at money flow"}, {"start": "00:27:48", "end": "00:27:55", "text": "wave design and moving average uh design"}, {"start": "00:27:51", "end": "00:27:57", "text": "and kind of pinch points for it. This is"}, {"start": "00:27:55", "end": "00:27:59", "text": "very much so where I think we're at in"}, {"start": "00:27:57", "end": "00:28:01", "text": "this current market. And another thing"}, {"start": "00:27:59", "end": "00:28:04", "text": "before you took off on that great note"}, {"start": "00:28:01", "end": "00:28:06", "text": "that you made is people thought that we"}, {"start": "00:28:04", "end": "00:28:09", "text": "hadn't had a good enough pullback in the"}, {"start": "00:28:06", "end": "00:28:12", "text": "Bitcoin price to represent a true bare"}, {"start": "00:28:09", "end": "00:28:15", "text": "market bottom. the not only are the red"}, {"start": "00:28:12", "end": "00:28:17", "text": "downflow waves substantial with the last"}, {"start": "00:28:15", "end": "00:28:19", "text": "bare market that we are digging"}, {"start": "00:28:17", "end": "00:28:22", "text": "ourselves out of, but the depth of these"}, {"start": "00:28:19", "end": "00:28:25", "text": "moving averages, a negative 98"}, {"start": "00:28:22", "end": "00:28:27", "text": "is something we've never hit on the twoe"}, {"start": "00:28:25", "end": "00:28:29", "text": "time or on the weekly time frame for"}, {"start": "00:28:27", "end": "00:28:32", "text": "Bitcoin ever. So, this looks very much"}, {"start": "00:28:29", "end": "00:28:35", "text": "so like a bare market that's in our"}, {"start": "00:28:32", "end": "00:28:38", "text": "rearview mirror and the next few months"}, {"start": "00:28:35", "end": "00:28:40", "text": "more than likely, you know, for me, I'm"}, {"start": "00:28:38", "end": "00:28:42", "text": "kind of speaking this into the world. I"}, {"start": "00:28:40", "end": "00:28:45", "text": "want this coiling pattern to repeat so"}, {"start": "00:28:42", "end": "00:28:47", "text": "that people have a general map for at"}, {"start": "00:28:45", "end": "00:28:48", "text": "least where to get into. Getting out of"}, {"start": "00:28:47", "end": "00:28:51", "text": "this market is going to be the tough"}, {"start": "00:28:48", "end": "00:28:54", "text": "point as we see the tokenization play."}, {"start": "00:28:51", "end": "00:28:56", "text": "And I do see a lot of folks in the chat."}, {"start": "00:28:54", "end": "00:28:59", "text": "I see a lot of people moving into near."}, {"start": "00:28:56", "end": "00:29:01", "text": "I see a lot of Tao calls, a lot of a"}, {"start": "00:28:59", "end": "00:29:03", "text": "calls. There's a lot of good projects"}, {"start": "00:29:01", "end": "00:29:05", "text": "here that the chat's bringing up here."}, {"start": "00:29:03", "end": "00:29:09", "text": "Um, you know, getting out of good"}, {"start": "00:29:05", "end": "00:29:12", "text": "projects in a macro risk on, you know,"}, {"start": "00:29:09", "end": "00:29:13", "text": "hyper tokenization zone. That feels like"}, {"start": "00:29:12", "end": "00:29:16", "text": "it's going to be the difficult part,"}, {"start": "00:29:13", "end": "00:29:18", "text": "right? That definitely does. Um, and all"}, {"start": "00:29:16", "end": "00:29:21", "text": "coins have been having some fun as I"}, {"start": "00:29:18", "end": "00:29:23", "text": "showed to Coin Market Cap. There is some"}, {"start": "00:29:21", "end": "00:29:25", "text": "protocols that are up right now today."}, {"start": "00:29:23", "end": "00:29:26", "text": "Even with this kind of sideways action,"}, {"start": "00:29:25", "end": "00:29:29", "text": "there's a couple that are putting up"}, {"start": "00:29:26", "end": "00:29:31", "text": "four, five, six, 7% days. But the"}, {"start": "00:29:29", "end": "00:29:34", "text": "interesting part about this is that"}, {"start": "00:29:31", "end": "00:29:37", "text": "Bitcoin dominance is moving up with some"}, {"start": "00:29:34", "end": "00:29:39", "text": "strength over the last month here."}, {"start": "00:29:37", "end": "00:29:42", "text": "Bitcoin dominance has rallied by about"}, {"start": "00:29:39", "end": "00:29:45", "text": "3%. It's rallying against Ethereum."}, {"start": "00:29:42", "end": "00:29:49", "text": "Ethereum is the one that's actually been"}, {"start": "00:29:45", "end": "00:29:51", "text": "more directly on the downturn here. So,"}, {"start": "00:29:49", "end": "00:29:54", "text": "you know, it seems like ETH dominance"}, {"start": "00:29:51", "end": "00:29:55", "text": "has a break. It's taking a break. We're"}, {"start": "00:29:54", "end": "00:29:58", "text": "feeling it in the chart for Ethereum"}, {"start": "00:29:55", "end": "00:30:01", "text": "getting stuck at 2500."}, {"start": "00:29:58", "end": "00:30:05", "text": "While, you know, Bitcoin gaining"}, {"start": "00:30:01", "end": "00:30:07", "text": "strength, I'm still pretty like I'm very"}, {"start": "00:30:05", "end": "00:30:09", "text": "heavy Bitcoin on my long-term bags, but"}, {"start": "00:30:07", "end": "00:30:12", "text": "in my short-term bags, what I'm playing"}, {"start": "00:30:09", "end": "00:30:15", "text": "with in this bull market, I'm about half"}, {"start": "00:30:12", "end": "00:30:18", "text": "and half. Bitcoin and then uh you know,"}, {"start": "00:30:15", "end": "00:30:21", "text": "the hyperrisk bag. How are you"}, {"start": "00:30:18", "end": "00:30:23", "text": "approaching the portfolio? Uh how are"}, {"start": "00:30:21", "end": "00:30:24", "text": "you approaching the kind of your"}, {"start": "00:30:23", "end": "00:30:26", "text": "portfolio in this bull market right now?"}, {"start": "00:30:24", "end": "00:30:28", "text": "Are you heavy alts right now or is"}, {"start": "00:30:26", "end": "00:30:29", "text": "Bitcoin on your on your mind from where"}, {"start": "00:30:28", "end": "00:30:33", "text": "it's sitting?"}, {"start": "00:30:29", "end": "00:30:37", "text": ">> I've got I think roughly about 40%"}, {"start": "00:30:33", "end": "00:30:38", "text": "Bitcoin and then uh the rest is and I do"}, {"start": "00:30:37", "end": "00:30:41", "text": "not I've done something different this"}, {"start": "00:30:38", "end": "00:30:45", "text": "cycle than I've done uh the last two"}, {"start": "00:30:41", "end": "00:30:48", "text": "cycles. I do not have uh 22 different"}, {"start": "00:30:45", "end": "00:30:52", "text": "coins or 40 different coins. I've got I"}, {"start": "00:30:48", "end": "00:30:53", "text": "think I have uh five assets in my"}, {"start": "00:30:52", "end": "00:30:55", "text": "portfolio right now. Uh"}, {"start": "00:30:53", "end": "00:30:57", "text": ">> so you're more concentrated even than"}, {"start": "00:30:55", "end": "00:30:58", "text": "me. I think I have around seven to eight"}, {"start": "00:30:57", "end": "00:31:03", "text": "right now. Um"}, {"start": "00:30:58", "end": "00:31:06", "text": ">> yeah, I I have Bitcoin. Uh I have ETH."}, {"start": "00:31:03", "end": "00:31:09", "text": "Um, but then I have uh, you know, my"}, {"start": "00:31:06", "end": "00:31:12", "text": "substantial alts would be uh, TA. Uh, I"}, {"start": "00:31:09", "end": "00:31:15", "text": "have some Salana uh, and uh, Aerodrome."}, {"start": "00:31:12", "end": "00:31:16", "text": "Ta and Aer Drrome are my largest two uh,"}, {"start": "00:31:15", "end": "00:31:19", "text": "positions. One, because I'm, you know,"}, {"start": "00:31:16", "end": "00:31:23", "text": "it's the AI uh, straddle that I'm I'm"}, {"start": "00:31:19", "end": "00:31:25", "text": "getting with TA and Aerodrome is uh, my"}, {"start": "00:31:23", "end": "00:31:27", "text": "tokenization play and I'm I'm I'm"}, {"start": "00:31:25", "end": "00:31:31", "text": "betting pretty significantly on that."}, {"start": "00:31:27", "end": "00:31:34", "text": "Um, but yeah, I mean, [sighs]"}, {"start": "00:31:31", "end": "00:31:36", "text": "I'm jumping with joy inside my body with"}, {"start": "00:31:34", "end": "00:31:39", "text": "the excitement about where this market's"}, {"start": "00:31:36", "end": "00:31:40", "text": "going. And it's it's it's uh I am a"}, {"start": "00:31:39", "end": "00:31:42", "text": "little I don't want to say concerned."}, {"start": "00:31:40", "end": "00:31:45", "text": "I'm my my eyes I'm sure you've covered"}, {"start": "00:31:42", "end": "00:31:47", "text": "it. Uh my eyes are a little bit uh I'm"}, {"start": "00:31:45", "end": "00:31:48", "text": "trying not to look at the chart too much"}, {"start": "00:31:47", "end": "00:31:51", "text": "on Aerodrome for the next two or three"}, {"start": "00:31:48", "end": "00:31:53", "text": "weeks because of the the because of"}, {"start": "00:31:51", "end": "00:31:53", "text": "what's happening with the merger with"}, {"start": "00:31:53", "end": "00:31:54", "text": "Drrome."}, {"start": "00:31:53", "end": "00:31:58", "text": ">> Yes."}, {"start": "00:31:54", "end": "00:31:59", "text": ">> Yes. And I do think that uh aerodyome"}, {"start": "00:31:58", "end": "00:32:00", "text": "holders are going to benefit a little"}, {"start": "00:31:59", "end": "00:32:03", "text": "bit from that just because you're"}, {"start": "00:32:00", "end": "00:32:06", "text": "getting a I think it's like 1.1 or 1.2"}, {"start": "00:32:03", "end": "00:32:08", "text": "to one uh you're getting more tokens. Uh"}, {"start": "00:32:06", "end": "00:32:10", "text": "but it also means that there's going to"}, {"start": "00:32:08", "end": "00:32:12", "text": "be a lot more supply. Uh so"}, {"start": "00:32:10", "end": "00:32:14", "text": ">> Right. Right."}, {"start": "00:32:12", "end": "00:32:16", "text": ">> Yeah, that is a thing for air and we're"}, {"start": "00:32:14", "end": "00:32:18", "text": "going to be covering that. I feel like I"}, {"start": "00:32:16", "end": "00:32:20", "text": "need to do a nightly video on the Aerov"}, {"start": "00:32:18", "end": "00:32:22", "text": "merger just to be pinpointed about"}, {"start": "00:32:20", "end": "00:32:25", "text": "what's going on there. Arrow is a fun"}, {"start": "00:32:22", "end": "00:32:26", "text": "chart. We checked it yesterday. Um, you"}, {"start": "00:32:25", "end": "00:32:28", "text": "know, it's a very very good project. The"}, {"start": "00:32:26", "end": "00:32:30", "text": "the real thing that I'm watching is, you"}, {"start": "00:32:28", "end": "00:32:32", "text": "know, I've always talked about Aerodrome"}, {"start": "00:32:30", "end": "00:32:35", "text": "being an Ethereum proxy with better"}, {"start": "00:32:32", "end": "00:32:36", "text": "upside and it's definitely happening"}, {"start": "00:32:35", "end": "00:32:39", "text": "right now. Like Aerodrome's been"}, {"start": "00:32:36", "end": "00:32:40", "text": "screaming Ethereum,"}, {"start": "00:32:39", "end": "00:32:42", "text": "you know, on a weekly time frame. This"}, {"start": "00:32:40", "end": "00:32:44", "text": "is ETH dominance. It's dropped by about"}, {"start": "00:32:42", "end": "00:32:46", "text": "8% over the course of the last three or"}, {"start": "00:32:44", "end": "00:32:49", "text": "four weeks here. The ETH dominance isn't"}, {"start": "00:32:46", "end": "00:32:52", "text": "looking strong. And we are getting a"}, {"start": "00:32:49", "end": "00:32:56", "text": "others to Bitcoin bumpandrun pattern"}, {"start": "00:32:52", "end": "00:32:58", "text": "playing out. And this is what kind of it"}, {"start": "00:32:56", "end": "00:33:00", "text": "came to me in a happy mode because I was"}, {"start": "00:32:58", "end": "00:33:03", "text": "happy to see a little bit of a breather"}, {"start": "00:33:00", "end": "00:33:05", "text": "come to this market. But right now we"}, {"start": "00:33:03", "end": "00:33:07", "text": "are coming back down to a very key level"}, {"start": "00:33:05", "end": "00:33:10", "text": "on this others to Bitcoin pairing here."}, {"start": "00:33:07", "end": "00:33:12", "text": "Right back down to the 50 SMA on the"}, {"start": "00:33:10", "end": "00:33:14", "text": "daily time frame. A local bounce is"}, {"start": "00:33:12", "end": "00:33:16", "text": "potential here. More so I'd think that"}, {"start": "00:33:14", "end": "00:33:20", "text": "we dig a little bit deeper and go down"}, {"start": "00:33:16", "end": "00:33:21", "text": "to closer to.13 flat. Right now, if"}, {"start": "00:33:20", "end": "00:33:24", "text": "you're listening on Spotify, it's at"}, {"start": "00:33:21", "end": "00:33:28", "text": "0.136. This is my most important roadmap"}, {"start": "00:33:24", "end": "00:33:30", "text": "for this cycle, Kelly. Um, something in"}, {"start": "00:33:28", "end": "00:33:32", "text": "my bones. It's I got a I got something"}, {"start": "00:33:30", "end": "00:33:36", "text": "in my bones telling me to pay very close"}, {"start": "00:33:32", "end": "00:33:39", "text": "attention to this pairing. And right"}, {"start": "00:33:36", "end": "00:33:40", "text": "now, I uh wanted to kind of show you"}, {"start": "00:33:39", "end": "00:33:44", "text": "something as well for just our internal"}, {"start": "00:33:40", "end": "00:33:48", "text": "bag. So we came up to this initial"}, {"start": "00:33:44", "end": "00:33:49", "text": "resistance point on this pairing at 0.14"}, {"start": "00:33:48", "end": "00:33:52", "text": "and wicked above it and got a middle"}, {"start": "00:33:49", "end": "00:33:53", "text": "finger rejected came back down to a"}, {"start": "00:33:52", "end": "00:33:57", "text": "trend line that it's been developing for"}, {"start": "00:33:53", "end": "00:34:00", "text": "some months here and recently we had"}, {"start": "00:33:57", "end": "00:34:02", "text": "breached above that local point of"}, {"start": "00:34:00", "end": "00:34:04", "text": "resistance just barely but we did and we"}, {"start": "00:34:02", "end": "00:34:07", "text": "closed some stronger candles on the"}, {"start": "00:34:04", "end": "00:34:10", "text": "weekly time frame. Now that this is a"}, {"start": "00:34:07", "end": "00:34:13", "text": "wave coming back down to find its next"}, {"start": "00:34:10", "end": "00:34:16", "text": "point of support, I had to do some some"}, {"start": "00:34:13", "end": "00:34:18", "text": "measuring here because I think this is"}, {"start": "00:34:16", "end": "00:34:20", "text": "going to be for the altcoin sector. This"}, {"start": "00:34:18", "end": "00:34:23", "text": "is going to be one of the more important"}, {"start": "00:34:20", "end": "00:34:26", "text": "things. And really from the time frame"}, {"start": "00:34:23", "end": "00:34:28", "text": "that I'm looking at of how alts"}, {"start": "00:34:26", "end": "00:34:31", "text": "performed when they did have a glow up"}, {"start": "00:34:28", "end": "00:34:33", "text": "season from 2020 to 2021, we had an"}, {"start": "00:34:31", "end": "00:34:35", "text": "outlier of the COVID lockdown right"}, {"start": "00:34:33", "end": "00:34:37", "text": "here, that massive downturn. but then"}, {"start": "00:34:35", "end": "00:34:40", "text": "was eaten right back up because we're"}, {"start": "00:34:37", "end": "00:34:42", "text": "already generally in a bull market. I"}, {"start": "00:34:40", "end": "00:34:46", "text": "feel like we are uh looking at a time"}, {"start": "00:34:42", "end": "00:34:48", "text": "frame we're about 180 days uh from"}, {"start": "00:34:46", "end": "00:34:50", "text": "breach actually let's just do the quick"}, {"start": "00:34:48", "end": "00:34:52", "text": "measurements here. So when we really can"}, {"start": "00:34:50", "end": "00:34:55", "text": "start feeling good about things, it took"}, {"start": "00:34:52", "end": "00:34:58", "text": "about 300 days, you know, once we"}, {"start": "00:34:55", "end": "00:35:00", "text": "breached this resistance point, we're"}, {"start": "00:34:58", "end": "00:35:02", "text": "above kind of that original pump to"}, {"start": "00:35:00", "end": "00:35:04", "text": "moment. This current design very"}, {"start": "00:35:02", "end": "00:35:07", "text": "similar, but since we've broken out of"}, {"start": "00:35:04", "end": "00:35:10", "text": "this triangle, it's been right around"}, {"start": "00:35:07", "end": "00:35:13", "text": "280 days. So a little bit more of a"}, {"start": "00:35:10", "end": "00:35:14", "text": "muted pattern. But honestly,"}, {"start": "00:35:13", "end": "00:35:17", "text": ">> I think we get the inverse of what we"}, {"start": "00:35:14", "end": "00:35:19", "text": "saw last time. We had a big dump last"}, {"start": "00:35:17", "end": "00:35:21", "text": "time. I don't think I get I think we get"}, {"start": "00:35:19", "end": "00:35:24", "text": "a massive pump and then a pullback then"}, {"start": "00:35:21", "end": "00:35:25", "text": "go and because of the flip we have we we"}, {"start": "00:35:24", "end": "00:35:27", "text": "are in the flipping right now and the"}, {"start": "00:35:25", "end": "00:35:31", "text": "flipping isn't ETH over Bitcoin. The"}, {"start": "00:35:27", "end": "00:35:33", "text": "flipping is last cycle"}, {"start": "00:35:31", "end": "00:35:35", "text": "the the hope was around altcoins about"}, {"start": "00:35:33", "end": "00:35:37", "text": "what they might be able to do and will"}, {"start": "00:35:35", "end": "00:35:39", "text": "they get adopted. We've got the"}, {"start": "00:35:37", "end": "00:35:40", "text": "adoption. It's happening. I'm talking"}, {"start": "00:35:39", "end": "00:35:42", "text": "about from institutions and"}, {"start": "00:35:40", "end": "00:35:44", "text": "tokenization. Right. So now I think"}, {"start": "00:35:42", "end": "00:35:46", "text": "instead of having a big wash out, I"}, {"start": "00:35:44", "end": "00:35:48", "text": "think the wash out's going to be for"}, {"start": "00:35:46", "end": "00:35:50", "text": "people that are waiting for a better"}, {"start": "00:35:48", "end": "00:35:52", "text": "entry and the market actually just moves"}, {"start": "00:35:50", "end": "00:35:55", "text": "ferociously to the upside."}, {"start": "00:35:52", "end": "00:35:57", "text": ">> Brother, that's my max pain scenario. I"}, {"start": "00:35:55", "end": "00:35:58", "text": "don't want this thing to jack knife like"}, {"start": "00:35:57", "end": "00:36:01", "text": "that to the upside too quick here"}, {"start": "00:35:58", "end": "00:36:03", "text": "because what I'm hoping for is, you"}, {"start": "00:36:01", "end": "00:36:06", "text": "know, Bitcoin to kind of writhe in the"}, {"start": "00:36:03", "end": "00:36:08", "text": "80s, maybe even 70s, and us to just keep"}, {"start": "00:36:06", "end": "00:36:10", "text": "bouncing along this trend line for a"}, {"start": "00:36:08", "end": "00:36:12", "text": "little bit more time through the"}, {"start": "00:36:10", "end": "00:36:14", "text": "remainder of the year to get the good"}, {"start": "00:36:12", "end": "00:36:16", "text": "entry points. But this is one that I'm"}, {"start": "00:36:14", "end": "00:36:19", "text": "watching very closely because we did"}, {"start": "00:36:16", "end": "00:36:21", "text": "recently breach this internal resistance"}, {"start": "00:36:19", "end": "00:36:23", "text": "and a lot of these altcoins are catching"}, {"start": "00:36:21", "end": "00:36:26", "text": "their stride as you said with actual"}, {"start": "00:36:23", "end": "00:36:29", "text": "tokenization. But I do have a video"}, {"start": "00:36:26", "end": "00:36:32", "text": "coming out on my road map for this"}, {"start": "00:36:29", "end": "00:36:34", "text": "because I've done a lot of testing and"}, {"start": "00:36:32", "end": "00:36:37", "text": "uh measurements within the altcoin"}, {"start": "00:36:34", "end": "00:36:39", "text": "sector to Bitcoin general power there"}, {"start": "00:36:37", "end": "00:36:41", "text": "within and I feel like I got a pretty"}, {"start": "00:36:39", "end": "00:36:43", "text": "decent road map moving forward to next"}, {"start": "00:36:41", "end": "00:36:46", "text": "year. You know, I I feel like I've got a"}, {"start": "00:36:43", "end": "00:36:47", "text": "good one to follow. Um"}, {"start": "00:36:46", "end": "00:36:50", "text": ">> I want to show something on I want to"}, {"start": "00:36:47", "end": "00:36:52", "text": "show something on Aerodyum real quick."}, {"start": "00:36:50", "end": "00:36:54", "text": "Uh sure because it's at an interesting"}, {"start": "00:36:52", "end": "00:36:56", "text": "point. Look at the candles here and just"}, {"start": "00:36:54", "end": "00:36:58", "text": "look at the I know it's a lot of lines,"}, {"start": "00:36:56", "end": "00:37:01", "text": ">> but I'm going to zoom out on this. Look"}, {"start": "00:36:58", "end": "00:37:03", "text": "at this line from this this pattern"}, {"start": "00:37:01", "end": "00:37:06", "text": "we've been in since uh February of last"}, {"start": "00:37:03", "end": "00:37:08", "text": "year that this is just just fighting its"}, {"start": "00:37:06", "end": "00:37:10", "text": "way out of. It's out of it now. It got"}, {"start": "00:37:08", "end": "00:37:11", "text": "beyond this red line and now it's"}, {"start": "00:37:10", "end": "00:37:13", "text": "sitting here right at this green line."}, {"start": "00:37:11", "end": "00:37:18", "text": "Well, let's zoom out on this and let's"}, {"start": "00:37:13", "end": "00:37:20", "text": "go to auto. Uh,"}, {"start": "00:37:18", "end": "00:37:21", "text": ">> is that it macro downward trend line"}, {"start": "00:37:20", "end": "00:37:23", "text": "you're looking at there?"}, {"start": "00:37:21", "end": "00:37:24", "text": ">> Macro downward trend line. We're right"}, {"start": "00:37:23", "end": "00:37:24", "text": "at it."}, {"start": "00:37:24", "end": "00:37:26", "text": ">> Okay."}, {"start": "00:37:24", "end": "00:37:29", "text": ">> And this is a macro. This was a"}, {"start": "00:37:26", "end": "00:37:32", "text": "rejection here, support here, support"}, {"start": "00:37:29", "end": "00:37:33", "text": "here, and now we're literally sitting"}, {"start": "00:37:32", "end": "00:37:36", "text": "here pinched. If we go down to like the"}, {"start": "00:37:33", "end": "00:37:38", "text": "4 hour, we're literally sitting here"}, {"start": "00:37:36", "end": "00:37:41", "text": "pinched between all three of these"}, {"start": "00:37:38", "end": "00:37:42", "text": "lines. So, it's pretty amazing that we"}, {"start": "00:37:41", "end": "00:37:45", "text": "didn't just get rejected and and come"}, {"start": "00:37:42", "end": "00:37:47", "text": "down. I I wouldn't be opposed to getting"}, {"start": "00:37:45", "end": "00:37:49", "text": "a better buy opportunity here in the low"}, {"start": "00:37:47", "end": "00:37:51", "text": "80s, you know, maybe even high7s"}, {"start": "00:37:49", "end": "00:37:53", "text": "somewhere somewhere in this region"}, {"start": "00:37:51", "end": "00:37:55", "text": "potentially down here to 74. We never"}, {"start": "00:37:53", "end": "00:37:58", "text": "got the wash out that I that I was"}, {"start": "00:37:55", "end": "00:38:00", "text": "prepared for. Remember, I didn't it"}, {"start": "00:37:58", "end": "00:38:02", "text": "doesn't have to happen, but this very"}, {"start": "00:38:00", "end": "00:38:05", "text": "well could have that opportunity. But"}, {"start": "00:38:02", "end": "00:38:07", "text": "we're sitting right here at the gateway"}, {"start": "00:38:05", "end": "00:38:08", "text": "for what I think will be real bullish"}, {"start": "00:38:07", "end": "00:38:10", "text": "pressure if we're able to break out of"}, {"start": "00:38:08", "end": "00:38:13", "text": "this. Next move out of this, next real"}, {"start": "00:38:10", "end": "00:38:16", "text": "trend line would be up here at A125."}, {"start": "00:38:13", "end": "00:38:18", "text": "That's another 25% pump just break, you"}, {"start": "00:38:16", "end": "00:38:19", "text": "know, breaking clean free of this. So,"}, {"start": "00:38:18", "end": "00:38:21", "text": "and I think this is going to be the"}, {"start": "00:38:19", "end": "00:38:23", "text": "story with a lot of the alts that we're"}, {"start": "00:38:21", "end": "00:38:27", "text": "seeing right now because we're shaking"}, {"start": "00:38:23", "end": "00:38:30", "text": "off the woes of four and a half, five"}, {"start": "00:38:27", "end": "00:38:32", "text": "years of it never happening in the"}, {"start": "00:38:30", "end": "00:38:35", "text": "altcoin sector. So I do expect some"}, {"start": "00:38:32", "end": "00:38:37", "text": "trepidation but then when key levels"}, {"start": "00:38:35", "end": "00:38:39", "text": "break I expect some pretty explosive"}, {"start": "00:38:37", "end": "00:38:41", "text": "movements to start popcorning in the"}, {"start": "00:38:39", "end": "00:38:43", "text": "altcoin space and and you know along"}, {"start": "00:38:41", "end": "00:38:45", "text": "along the way not all at the same time"}, {"start": "00:38:43", "end": "00:38:47", "text": "uh but along the way. Yeah,"}, {"start": "00:38:45", "end": "00:38:51", "text": ">> absolutely. And those four, five years"}, {"start": "00:38:47", "end": "00:38:53", "text": "have created so much uh refusal to admit"}, {"start": "00:38:51", "end": "00:38:55", "text": "what's actually happening to the money"}, {"start": "00:38:53", "end": "00:38:56", "text": "markets right now. And this is going to"}, {"start": "00:38:55", "end": "00:38:59", "text": "be a pretty packed month of this"}, {"start": "00:38:56", "end": "00:39:02", "text": "information. Chain link in the link is"}, {"start": "00:38:59", "end": "00:39:07", "text": "bringing together 35 speakers from the"}, {"start": "00:39:02", "end": "00:39:10", "text": "DTCC, CFTC, Swift, Fidelity, Cityroup,"}, {"start": "00:39:07", "end": "00:39:14", "text": "Morgan Stanley, and more on October 29th"}, {"start": "00:39:10", "end": "00:39:15", "text": "to discuss this new future of finance."}, {"start": "00:39:14", "end": "00:39:17", "text": "It's going to be something I hope they"}, {"start": "00:39:15", "end": "00:39:18", "text": "do live stream that I'd love to watch"}, {"start": "00:39:17", "end": "00:39:21", "text": "that live and kind of maybe have some"}, {"start": "00:39:18", "end": "00:39:23", "text": "trades open. Link is one of those, you"}, {"start": "00:39:21", "end": "00:39:25", "text": "know, solid pillars within the altcoin"}, {"start": "00:39:23", "end": "00:39:28", "text": "sector. You know, lower market cap play"}, {"start": "00:39:25", "end": "00:39:30", "text": "if you compare it to the top five for"}, {"start": "00:39:28", "end": "00:39:33", "text": "sure, but it is flirting with the top 10"}, {"start": "00:39:30", "end": "00:39:36", "text": "in crypto once again. Price has come"}, {"start": "00:39:33", "end": "00:39:38", "text": "down to around $12.95"}, {"start": "00:39:36", "end": "00:39:40", "text": "and it's had some pretty good moves from"}, {"start": "00:39:38", "end": "00:39:44", "text": "my re-entry point on this thing. I got"}, {"start": "00:39:40", "end": "00:39:46", "text": "it at like $7.60 60 cents again after uh"}, {"start": "00:39:44", "end": "00:39:49", "text": "cheating my bag on the way down this"}, {"start": "00:39:46", "end": "00:39:52", "text": "chart. I was somewhere around 14 maybe"}, {"start": "00:39:49", "end": "00:39:55", "text": "13 14 bucks and now it's come back up to"}, {"start": "00:39:52", "end": "00:39:58", "text": "that level and I'm thankful that I"}, {"start": "00:39:55", "end": "00:40:01", "text": "reentered but I am tracking this chart"}, {"start": "00:39:58", "end": "00:40:05", "text": "pretty closely. um where it's at right"}, {"start": "00:40:01", "end": "00:40:08", "text": "now for me, I don't want to see $12"}, {"start": "00:40:05", "end": "00:40:11", "text": "chain link get lost in a greater altcoin"}, {"start": "00:40:08", "end": "00:40:14", "text": "wash out if we do see that occur"}, {"start": "00:40:11", "end": "00:40:16", "text": "around $10 is still obtainable for this"}, {"start": "00:40:14", "end": "00:40:19", "text": "this project. Like it's I don't feel"}, {"start": "00:40:16", "end": "00:40:21", "text": "like we're out of the woodwork yet in"}, {"start": "00:40:19", "end": "00:40:22", "text": "terms of this altcoin volatility. And"}, {"start": "00:40:21", "end": "00:40:26", "text": "what I want to see is a lot of these old"}, {"start": "00:40:22", "end": "00:40:28", "text": "school support zones tested and proven"}, {"start": "00:40:26", "end": "00:40:30", "text": "uh when it comes to, you know, adding to"}, {"start": "00:40:28", "end": "00:40:32", "text": "the position essentially right there in"}, {"start": "00:40:30", "end": "00:40:34", "text": "that $10 mark. I'm going to leave this"}, {"start": "00:40:32", "end": "00:40:38", "text": "right here because I do feel like I need"}, {"start": "00:40:34", "end": "00:40:41", "text": "more chain link. Uh this is one of few"}, {"start": "00:40:38", "end": "00:40:43", "text": "projects that I want to see what happens"}, {"start": "00:40:41", "end": "00:40:45", "text": "seven years from now, eight years from"}, {"start": "00:40:43", "end": "00:40:48", "text": "now because nothing has really come out"}, {"start": "00:40:45", "end": "00:40:51", "text": "to, you know, structurally replace chain"}, {"start": "00:40:48", "end": "00:40:54", "text": "link. So, I'm watching this local chart"}, {"start": "00:40:51", "end": "00:40:56", "text": "price action right now. Um, $10 would be"}, {"start": "00:40:54", "end": "00:40:59", "text": "a much stronger DCA, but I'm all right"}, {"start": "00:40:56", "end": "00:41:02", "text": "adding in the $12. Maybe I can get into"}, {"start": "00:40:59", "end": "00:41:03", "text": "this lower band into the mid11s. Not a"}, {"start": "00:41:02", "end": "00:41:05", "text": "horrible position, though. Not a"}, {"start": "00:41:03", "end": "00:41:08", "text": "horrible position from where it's at."}, {"start": "00:41:05", "end": "00:41:10", "text": "Um, I would like to see this thing coil"}, {"start": "00:41:08", "end": "00:41:12", "text": "up and build a little bit more strength,"}, {"start": "00:41:10", "end": "00:41:14", "text": "but gosh, those lows. Maybe it's just"}, {"start": "00:41:12", "end": "00:41:16", "text": "cuz I'm spoiled buying all those damn"}, {"start": "00:41:14", "end": "00:41:18", "text": "low. It does look it does look a little"}, {"start": "00:41:16", "end": "00:41:20", "text": "worrisome at the moment on the very"}, {"start": "00:41:18", "end": "00:41:24", "text": "small this is a 4 hour time frame. This"}, {"start": "00:41:20", "end": "00:41:26", "text": "is a bit head and shouldersy right uh"}, {"start": "00:41:24", "end": "00:41:27", "text": "shoulder head shoulder and this was a"}, {"start": "00:41:26", "end": "00:41:30", "text": "head and shoulders here too and this did"}, {"start": "00:41:27", "end": "00:41:32", "text": "break down. Uh but this is currently"}, {"start": "00:41:30", "end": "00:41:34", "text": "bouncing right on the golden pocket of"}, {"start": "00:41:32", "end": "00:41:37", "text": "this of this move. Uh which is right"}, {"start": "00:41:34", "end": "00:41:39", "text": "here in the mid12s. uh if this is lost"}, {"start": "00:41:37", "end": "00:41:42", "text": "then I think your your yellow box that"}, {"start": "00:41:39", "end": "00:41:45", "text": "you had is directly in line with where"}, {"start": "00:41:42", "end": "00:41:47", "text": "this this low is down here at 1060 and"}, {"start": "00:41:45", "end": "00:41:50", "text": "that's basically this previous range"}, {"start": "00:41:47", "end": "00:41:52", "text": "high you know that whole that whole zone"}, {"start": "00:41:50", "end": "00:41:53", "text": "that you had marked out in yellow on"}, {"start": "00:41:52", "end": "00:41:56", "text": "your chart. So, if we do get another"}, {"start": "00:41:53", "end": "00:41:58", "text": "opportunity to the downside, great. Ch."}, {"start": "00:41:56", "end": "00:42:01", "text": "Just like you said, chain link's one of"}, {"start": "00:41:58", "end": "00:42:05", "text": "those I will do back flips uh to acquire"}, {"start": "00:42:01", "end": "00:42:09", "text": "if we get better opportunities cuz setup"}, {"start": "00:42:05", "end": "00:42:10", "text": "for especially chain link in the e-"}, {"start": "00:42:09", "end": "00:42:12", "text": "crypto and traditional finance"}, {"start": "00:42:10", "end": "00:42:14", "text": "ecosystem. And we have to realize at"}, {"start": "00:42:12", "end": "00:42:16", "text": "this point it's this the financial"}, {"start": "00:42:14", "end": "00:42:20", "text": "ecosystem. That's how far crypto has"}, {"start": "00:42:16", "end": "00:42:22", "text": "come. It's no longer crypto, DeFi, and"}, {"start": "00:42:20", "end": "00:42:25", "text": "you know, traditional finance. It's all"}, {"start": "00:42:22", "end": "00:42:27", "text": "it's been integrated. They're in process"}, {"start": "00:42:25", "end": "00:42:29", "text": "of integrating trillions of dollars on"}, {"start": "00:42:27", "end": "00:42:32", "text": "chain and chain link has one of the most"}, {"start": "00:42:29", "end": "00:42:33", "text": "important roles in that uh in addition"}, {"start": "00:42:32", "end": "00:42:35", "text": "to tokenization."}, {"start": "00:42:33", "end": "00:42:38", "text": ">> Absolutely. And I feel like the economic"}, {"start": "00:42:35", "end": "00:42:40", "text": "changes that they put into into play"}, {"start": "00:42:38", "end": "00:42:42", "text": "sense that yeah, I mean, God, it was so"}, {"start": "00:42:40", "end": "00:42:44", "text": "stupid that it all started the changes"}, {"start": "00:42:42", "end": "00:42:47", "text": "to make the tokconomics better right"}, {"start": "00:42:44", "end": "00:42:50", "text": "before October 10th of 2025. That's"}, {"start": "00:42:47", "end": "00:42:53", "text": "great. Um, but they've made good on"}, {"start": "00:42:50", "end": "00:42:55", "text": "that. The Treasury buys are getting big."}, {"start": "00:42:53", "end": "00:42:56", "text": "So, you know, Chain Link does interest"}, {"start": "00:42:55", "end": "00:42:59", "text": "me in the long term. I'm going to be"}, {"start": "00:42:56", "end": "00:43:03", "text": "very, very excited here as long as we"}, {"start": "00:42:59", "end": "00:43:05", "text": "can stay between the 10 to $14 zone. You"}, {"start": "00:43:03", "end": "00:43:07", "text": "know, I don't hate honestly like if"}, {"start": "00:43:05", "end": "00:43:08", "text": "you're thinking about like long-term DCA"}, {"start": "00:43:07", "end": "00:43:10", "text": "plans, like this whole green box is all"}, {"start": "00:43:08", "end": "00:43:13", "text": "right. Like I'm not going to hate this"}, {"start": "00:43:10", "end": "00:43:15", "text": "whole green box uh a few years from now."}, {"start": "00:43:13", "end": "00:43:18", "text": "More locally though, very much potential"}, {"start": "00:43:15", "end": "00:43:19", "text": "that we come tag the $10 zone for a"}, {"start": "00:43:18", "end": "00:43:21", "text": "little bit of a moment there. Kind of"}, {"start": "00:43:19", "end": "00:43:24", "text": "like we did with near, right? We saw a"}, {"start": "00:43:21", "end": "00:43:26", "text": "bump and run happen with Near. And I"}, {"start": "00:43:24", "end": "00:43:29", "text": "really think that, you know, chain link"}, {"start": "00:43:26", "end": "00:43:32", "text": "is going to have a battle for itself in"}, {"start": "00:43:29", "end": "00:43:35", "text": "at the $25 zone. very much so a battle"}, {"start": "00:43:32", "end": "00:43:37", "text": "to be had there but the long-term on"}, {"start": "00:43:35", "end": "00:43:38", "text": "link looks really really good and you"}, {"start": "00:43:37", "end": "00:43:40", "text": "know within that tokenization realm I"}, {"start": "00:43:38", "end": "00:43:44", "text": "brought up this the Canton network moves"}, {"start": "00:43:40", "end": "00:43:47", "text": "with uh you know this OTC swap Canton's"}, {"start": "00:43:44", "end": "00:43:51", "text": "chart though is very interesting where"}, {"start": "00:43:47", "end": "00:43:53", "text": "it sits right now so it's b it had a"}, {"start": "00:43:51", "end": "00:43:58", "text": "massive massive secondary wash out into"}, {"start": "00:43:53", "end": "00:44:01", "text": "the 8 cent range and this is one that"}, {"start": "00:43:58", "end": "00:44:03", "text": "you know I I'm going to hold this"}, {"start": "00:44:01", "end": "00:44:05", "text": "project through the next year or two"}, {"start": "00:44:03", "end": "00:44:08", "text": "just to see regardless of whatever the"}, {"start": "00:44:05", "end": "00:44:12", "text": "price happens to be. But I am going to"}, {"start": "00:44:08", "end": "00:44:14", "text": "be very wary of a secondary season of"}, {"start": "00:44:12", "end": "00:44:17", "text": "taking profits on this thing just to"}, {"start": "00:44:14", "end": "00:44:19", "text": "make sure I'm protecting my initials"}, {"start": "00:44:17", "end": "00:44:20", "text": "which you know I mean I my initial entry"}, {"start": "00:44:19", "end": "00:44:23", "text": "was really good. It was like eight and"}, {"start": "00:44:20", "end": "00:44:25", "text": "some cents and me and Crank were talking"}, {"start": "00:44:23", "end": "00:44:27", "text": "about it up in the 17 so I took some"}, {"start": "00:44:25", "end": "00:44:29", "text": "profits on it. This shelf that it"}, {"start": "00:44:27", "end": "00:44:32", "text": "developed at 15 cents is going to be a"}, {"start": "00:44:29", "end": "00:44:34", "text": "battleground. absolute battleground. So,"}, {"start": "00:44:32", "end": "00:44:37", "text": "it's a new project. There's a lot of"}, {"start": "00:44:34", "end": "00:44:40", "text": "token burn equilibrium uh mechanics that"}, {"start": "00:44:37", "end": "00:44:43", "text": "I want to see play out in its favor as"}, {"start": "00:44:40", "end": "00:44:45", "text": "its expanse and its use case gets, you"}, {"start": "00:44:43", "end": "00:44:47", "text": "know, put into play, which we do see it"}, {"start": "00:44:45", "end": "00:44:50", "text": "happening. But, you know, some of that"}, {"start": "00:44:47", "end": "00:44:52", "text": "hype behind the excitement about what's"}, {"start": "00:44:50", "end": "00:44:53", "text": "about to happen could play into this."}, {"start": "00:44:52", "end": "00:44:56", "text": "And on the daily, it actually looks"}, {"start": "00:44:53", "end": "00:44:59", "text": "very, very good. Uh the money flow had a"}, {"start": "00:44:56", "end": "00:45:02", "text": "deep deep pullback. We got a green dot"}, {"start": "00:44:59", "end": "00:45:04", "text": "VWAP trigger wave happening and a sharp"}, {"start": "00:45:02", "end": "00:45:07", "text": "move to the upside for stochcastic and"}, {"start": "00:45:04", "end": "00:45:08", "text": "standard RSI on the daily. So, locally"}, {"start": "00:45:07", "end": "00:45:11", "text": "speaking, it actually looks like it"}, {"start": "00:45:08", "end": "00:45:13", "text": "wants to go test 15 cents again."}, {"start": "00:45:11", "end": "00:45:14", "text": ">> Somebody asked uh where do you buy it?"}, {"start": "00:45:13", "end": "00:45:16", "text": "And I'm just going to use that as a"}, {"start": "00:45:14", "end": "00:45:18", "text": "teaching moment. If you're on Coin"}, {"start": "00:45:16", "end": "00:45:20", "text": "Market Cap, if you go to any asset,"}, {"start": "00:45:18", "end": "00:45:21", "text": "doesn't matter what the asset is that"}, {"start": "00:45:20", "end": "00:45:24", "text": "you have on Coin Market Cap, you see"}, {"start": "00:45:21", "end": "00:45:26", "text": "right here where it says markets, boom,"}, {"start": "00:45:24", "end": "00:45:28", "text": "it shows you every place you can buy uh"}, {"start": "00:45:26", "end": "00:45:30", "text": "any asset. So, you don't have to go"}, {"start": "00:45:28", "end": "00:45:32", "text": "hunting for it. So, as you can see, it's"}, {"start": "00:45:30", "end": "00:45:34", "text": "not yet, which is surprising to me. It's"}, {"start": "00:45:32", "end": "00:45:37", "text": "not yet on Coinbase, but it's on Up and"}, {"start": "00:45:34", "end": "00:45:40", "text": "Bybit and OKX, Gate, BitGap, KCoin, all"}, {"start": "00:45:37", "end": "00:45:41", "text": "all these different exchanges."}, {"start": "00:45:40", "end": "00:45:43", "text": ">> Yeah, good looking out. Good looking"}, {"start": "00:45:41", "end": "00:45:46", "text": "out. That's a simple question, but uh"}, {"start": "00:45:43", "end": "00:45:51", "text": "you know a lot of people have it. Uh do"}, {"start": "00:45:46", "end": "00:45:54", "text": "you guys sell uh ADA for more chain"}, {"start": "00:45:51", "end": "00:45:57", "text": "link? Do I got to bring up the the I"}, {"start": "00:45:54", "end": "00:46:01", "text": "know that the ADA price is at 23 cents"}, {"start": "00:45:57", "end": "00:46:04", "text": "right now. And I know that 25 cents is a"}, {"start": "00:46:01", "end": "00:46:07", "text": "spot that I was just from a TA"}, {"start": "00:46:04", "end": "00:46:11", "text": "standpoint alone, no emotions involved,"}, {"start": "00:46:07", "end": "00:46:14", "text": "I wanted to see 25 cents hold badly"}, {"start": "00:46:11", "end": "00:46:16", "text": "bigly on ADA and it did not do it. Cut"}, {"start": "00:46:14", "end": "00:46:19", "text": "right through it honestly like felt like"}, {"start": "00:46:16", "end": "00:46:22", "text": "butter. Um, what are your thoughts on"}, {"start": "00:46:19", "end": "00:46:23", "text": "the ADA chart, man? is like it's been"}, {"start": "00:46:22", "end": "00:46:26", "text": "riding up a trend line, but I really"}, {"start": "00:46:23", "end": "00:46:28", "text": "wanted to see this volume node and this"}, {"start": "00:46:26", "end": "00:46:30", "text": "point of control taken over as a point"}, {"start": "00:46:28", "end": "00:46:33", "text": "of support and it just sliced through it"}, {"start": "00:46:30", "end": "00:46:35", "text": "like nothing. And so now we're actually"}, {"start": "00:46:33", "end": "00:46:39", "text": "getting close to that trend line once"}, {"start": "00:46:35", "end": "00:46:42", "text": "again. on me personally I feel like the"}, {"start": "00:46:39", "end": "00:46:44", "text": "better upside"}, {"start": "00:46:42", "end": "00:46:46", "text": "for me and like just feeling comfortable"}, {"start": "00:46:44", "end": "00:46:48", "text": "with the project I would be I like chain"}, {"start": "00:46:46", "end": "00:46:50", "text": "link more than Cardono and I like the"}, {"start": "00:46:48", "end": "00:46:52", "text": "graph more than Cardano"}, {"start": "00:46:50", "end": "00:46:54", "text": "um you know I mean what what would you"}, {"start": "00:46:52", "end": "00:46:58", "text": "do in that question if you had ADA would"}, {"start": "00:46:54", "end": "00:46:58", "text": "you switch it for chain link"}, {"start": "00:46:59", "end": "00:47:06", "text": "I think you're muted I think"}, {"start": "00:47:03", "end": "00:47:09", "text": "I think you're uh muted"}, {"start": "00:47:06", "end": "00:47:12", "text": "I believe. Let me see here."}, {"start": "00:47:09", "end": "00:47:15", "text": ">> I was saying uh yes, I very much I I I"}, {"start": "00:47:12", "end": "00:47:18", "text": "would prefer chain link over Cardono for"}, {"start": "00:47:15", "end": "00:47:20", "text": "sure. I think uh I think Cardono will"}, {"start": "00:47:18", "end": "00:47:22", "text": "probably still perform all right. Um"}, {"start": "00:47:20", "end": "00:47:23", "text": "they also have what's going on, you"}, {"start": "00:47:22", "end": "00:47:25", "text": "know, in their other side chains and"}, {"start": "00:47:23", "end": "00:47:28", "text": "stuff like Knight and some other things"}, {"start": "00:47:25", "end": "00:47:31", "text": "that will I mean I I don't know. It just"}, {"start": "00:47:28", "end": "00:47:34", "text": "it feels like a a muddied water at this"}, {"start": "00:47:31", "end": "00:47:36", "text": "point in terms of directionality on"}, {"start": "00:47:34", "end": "00:47:37", "text": "what's happening with the project."}, {"start": "00:47:36", "end": "00:47:40", "text": ">> Yeah,"}, {"start": "00:47:37", "end": "00:47:42", "text": ">> very it's a very clear thesis."}, {"start": "00:47:40", "end": "00:47:44", "text": ">> This is I mean you got a long way till"}, {"start": "00:47:42", "end": "00:47:48", "text": "you can hit this downward trend line on"}, {"start": "00:47:44", "end": "00:47:50", "text": "Cardono too now. Um unfortunately"}, {"start": "00:47:48", "end": "00:47:54", "text": "this is something where I mean you're"}, {"start": "00:47:50", "end": "00:47:57", "text": "155% move. So, I mean, I could see 155%"}, {"start": "00:47:54", "end": "00:47:59", "text": "just in a, you know, kind of escape pump"}, {"start": "00:47:57", "end": "00:48:00", "text": "on this project. This doesn't look"}, {"start": "00:47:59", "end": "00:48:01", "text": "great, though. If you're, if"}, {"start": "00:48:00", "end": "00:48:05", "text": "[clears throat] I'm objectively looking"}, {"start": "00:48:01", "end": "00:48:07", "text": "at Cardano's chart with no attachment,"}, {"start": "00:48:05", "end": "00:48:08", "text": "which I honestly I don't I don't own"}, {"start": "00:48:07", "end": "00:48:12", "text": "this project. I've been in and out of it"}, {"start": "00:48:08", "end": "00:48:14", "text": "over the years. Um, you know, 25 cents,"}, {"start": "00:48:12", "end": "00:48:17", "text": "very important to prove it support, and"}, {"start": "00:48:14", "end": "00:48:20", "text": "it's not happening yet. Uh, trying to"}, {"start": "00:48:17", "end": "00:48:22", "text": "liquidate ADA at $3"}, {"start": "00:48:20", "end": "00:48:24", "text": "now."}, {"start": "00:48:22", "end": "00:48:26", "text": "I think I saw another question in here."}, {"start": "00:48:24", "end": "00:48:28", "text": "I want to go back up. Oh, yeah. Are"}, {"start": "00:48:26", "end": "00:48:31", "text": "there signals in school? Yes,"}, {"start": "00:48:28", "end": "00:48:34", "text": "absolutely. You get access to the DC"}, {"start": "00:48:31", "end": "00:48:37", "text": "research data hub and uh within that"}, {"start": "00:48:34", "end": "00:48:40", "text": "data hub, you can actually get those"}, {"start": "00:48:37", "end": "00:48:43", "text": "live signals. Um so, you know, basically"}, {"start": "00:48:40", "end": "00:48:46", "text": "you go here uh to the discover crypto"}, {"start": "00:48:43", "end": "00:48:49", "text": "data hub and you go down to signals,"}, {"start": "00:48:46", "end": "00:48:50", "text": "which you know, you will find it here. I"}, {"start": "00:48:49", "end": "00:48:52", "text": "do think we're working. Oh, here they"}, {"start": "00:48:50", "end": "00:48:56", "text": "are. trade signals. They're right here."}, {"start": "00:48:52", "end": "00:48:57", "text": "Uh we got a closed syrup long, injective"}, {"start": "00:48:56", "end": "00:48:59", "text": "long. This is where they all go. And if"}, {"start": "00:48:57", "end": "00:49:01", "text": "they get cancelled, you'll get alerted"}, {"start": "00:48:59", "end": "00:49:02", "text": "about it as well. But thanks for the"}, {"start": "00:49:01", "end": "00:49:04", "text": "super chat, man. Um"}, {"start": "00:49:02", "end": "00:49:07", "text": ">> and we we will be rolling out for people"}, {"start": "00:49:04", "end": "00:49:09", "text": "that are in school that also have uh our"}, {"start": "00:49:07", "end": "00:49:12", "text": "exchange affiliate. If you're signed up"}, {"start": "00:49:09", "end": "00:49:14", "text": "through our exchanges, uh you'll also"}, {"start": "00:49:12", "end": "00:49:16", "text": "we're going to be rolling out soon the"}, {"start": "00:49:14", "end": "00:49:18", "text": "ability to copy trade those signals. So"}, {"start": "00:49:16", "end": "00:49:22", "text": "it will automatically you could be"}, {"start": "00:49:18", "end": "00:49:24", "text": "asleep and wake up with it, you know,"}, {"start": "00:49:22", "end": "00:49:27", "text": "with trades already having taken profit"}, {"start": "00:49:24", "end": "00:49:29", "text": "that opened and closed while you slept."}, {"start": "00:49:27", "end": "00:49:30", "text": ">> Yeah, absolutely. And that's going to be"}, {"start": "00:49:29", "end": "00:49:34", "text": "nice because a lot of those trades come"}, {"start": "00:49:30", "end": "00:49:37", "text": "in overnight. Um, night chart will hit a"}, {"start": "00:49:34", "end": "00:49:39", "text": "dollar before ADA. Golly, that is brutal"}, {"start": "00:49:37", "end": "00:49:41", "text": "right there."}, {"start": "00:49:39", "end": "00:49:45", "text": "What is going to happen if Midnight's"}, {"start": "00:49:41", "end": "00:49:48", "text": "price supersedes Cardano's price?"}, {"start": "00:49:45", "end": "00:49:50", "text": "They're not too far away. Midnight's at"}, {"start": "00:49:48", "end": "00:49:54", "text": "like four cents and the chart looks much"}, {"start": "00:49:50", "end": "00:49:58", "text": "more aggressive than ADA does and ADA's"}, {"start": "00:49:54", "end": "00:50:00", "text": "at 20 cents. I mean, that's actually not"}, {"start": "00:49:58", "end": "00:50:01", "text": "that would be crazy. I I don't know if"}, {"start": "00:50:00", "end": "00:50:03", "text": "that that's possible because I feel like"}, {"start": "00:50:01", "end": "00:50:06", "text": "both of those ecosystems would rise at"}, {"start": "00:50:03", "end": "00:50:08", "text": "the same time. Um, but I do like the"}, {"start": "00:50:06", "end": "00:50:10", "text": "midnight chart. I do like the midnight"}, {"start": "00:50:08", "end": "00:50:13", "text": "chart. We had SUI up to some shenanigans"}, {"start": "00:50:10", "end": "00:50:16", "text": "as well. We had SUI DevNet adding"}, {"start": "00:50:13", "end": "00:50:22", "text": "postquantum signature support that"}, {"start": "00:50:16", "end": "00:50:22", "text": "targets mainet rollout in Q1 of 2027."}, {"start": "00:50:22", "end": "00:50:28", "text": "This is uh let's see here screen share."}, {"start": "00:50:26", "end": "00:50:29", "text": "Oh, don't worry about it. This is very"}, {"start": "00:50:28", "end": "00:50:32", "text": "interesting. I I want to actually look"}, {"start": "00:50:29", "end": "00:50:36", "text": "at the chart because there is some"}, {"start": "00:50:32", "end": "00:50:38", "text": "familial uh connection to"}, {"start": "00:50:36", "end": "00:50:41", "text": "uh Sui here. So I definitely am looking"}, {"start": "00:50:38", "end": "00:50:42", "text": "at this. What is that? Your dog. She's"}, {"start": "00:50:41", "end": "00:50:44", "text": ">> just staring at me crying because I"}, {"start": "00:50:42", "end": "00:50:46", "text": "haven't taken her on her her morning"}, {"start": "00:50:44", "end": "00:50:47", "text": "walk yet. So, she's just like, \"You son"}, {"start": "00:50:46", "end": "00:50:52", "text": "of a mother.\""}, {"start": "00:50:47", "end": "00:50:56", "text": ">> Oh, Lord. Um, [snorts] you know what?"}, {"start": "00:50:52", "end": "00:50:59", "text": "Sweetie is coming back down to a pretty"}, {"start": "00:50:56", "end": "00:51:01", "text": "darn big volume node here. So, the"}, {"start": "00:50:59", "end": "00:51:03", "text": "alcoin sector, it's been having fun, but"}, {"start": "00:51:01", "end": "00:51:06", "text": "now we get to come back down and see"}, {"start": "00:51:03", "end": "00:51:08", "text": "where those support levels are. And I"}, {"start": "00:51:06", "end": "00:51:09", "text": "don't hate this as a risky play. I don't"}, {"start": "00:51:08", "end": "00:51:12", "text": "hate I mean I know there's all kinds of"}, {"start": "00:51:09", "end": "00:51:17", "text": "projects out there"}, {"start": "00:51:12", "end": "00:51:20", "text": "is one that is interesting to me. Um"}, {"start": "00:51:17", "end": "00:51:22", "text": "I could see easily a bump and run off of"}, {"start": "00:51:20", "end": "00:51:24", "text": "96 cents happening. We're at a dollar"}, {"start": "00:51:22", "end": "00:51:28", "text": "flat right now. It's really not too far"}, {"start": "00:51:24", "end": "00:51:32", "text": "away. This would be mega mega bullish"}, {"start": "00:51:28", "end": "00:51:34", "text": "though. If you can see the 96 95 cent"}, {"start": "00:51:32", "end": "00:51:37", "text": "mark turned into support over the next"}, {"start": "00:51:34", "end": "00:51:40", "text": "week or two on SU that would set up a"}, {"start": "00:51:37", "end": "00:51:43", "text": "beautiful beautiful looking uh design"}, {"start": "00:51:40", "end": "00:51:44", "text": "and honestly and already played out is"}, {"start": "00:51:43", "end": "00:51:46", "text": "this might be front running the rest of"}, {"start": "00:51:44", "end": "00:51:47", "text": "the markets. Look at this Kelly because"}, {"start": "00:51:46", "end": "00:51:50", "text": "remember me and you were talking about"}, {"start": "00:51:47", "end": "00:51:52", "text": "this inverse inverse head and shoulders"}, {"start": "00:51:50", "end": "00:51:54", "text": "design playing out on a bunch of"}, {"start": "00:51:52", "end": "00:51:57", "text": "different charts."}, {"start": "00:51:54", "end": "00:51:59", "text": ">> Lord love a duck. That actually looked"}, {"start": "00:51:57", "end": "00:52:04", "text": "real nice coming back down to the volume"}, {"start": "00:51:59", "end": "00:52:06", "text": "node at 96 build support breakout"}, {"start": "00:52:04", "end": "00:52:09", "text": "hit 180 and then run into these old"}, {"start": "00:52:06", "end": "00:52:12", "text": "volume. Gosh, that actually might be a"}, {"start": "00:52:09", "end": "00:52:13", "text": "really nice setup on a very clean setup"}, {"start": "00:52:12", "end": "00:52:14", "text": "on honestly."}, {"start": "00:52:13", "end": "00:52:17", "text": ">> In terms of front running the rest of"}, {"start": "00:52:14", "end": "00:52:18", "text": "the market though, surprisingly it looks"}, {"start": "00:52:17", "end": "00:52:20", "text": "like chain link is actually the one"}, {"start": "00:52:18", "end": "00:52:23", "text": "doing that because I mean this is the"}, {"start": "00:52:20", "end": "00:52:27", "text": "same setup. This is already gone."}, {"start": "00:52:23", "end": "00:52:29", "text": "Avalanche looks more like SUI here. Uh"}, {"start": "00:52:27", "end": "00:52:33", "text": "doesn't have doesn't have, you know, any"}, {"start": "00:52:29", "end": "00:52:34", "text": "of this. Uh we got Salana. Uh this also"}, {"start": "00:52:33", "end": "00:52:37", "text": "looks more like Chain Link in terms of,"}, {"start": "00:52:34", "end": "00:52:38", "text": "you know, having broken past this region"}, {"start": "00:52:37", "end": "00:52:40", "text": "coming. Actually, look at that. Salana"}, {"start": "00:52:38", "end": "00:52:42", "text": "and chain link. They look nearly"}, {"start": "00:52:40", "end": "00:52:43", "text": "identical."}, {"start": "00:52:42", "end": "00:52:45", "text": ">> Yeah, they do."}, {"start": "00:52:43", "end": "00:52:45", "text": ">> I just Yeah, they do."}, {"start": "00:52:45", "end": "00:52:49", "text": ">> Yeah."}, {"start": "00:52:45", "end": "00:52:51", "text": ">> And Salana, it's it's like a $100 is the"}, {"start": "00:52:49", "end": "00:52:54", "text": "real important level to watch on Salana."}, {"start": "00:52:51", "end": "00:52:55", "text": "Like I love Salana. Um, you know, I I"}, {"start": "00:52:54", "end": "00:52:58", "text": "feel like"}, {"start": "00:52:55", "end": "00:53:00", "text": "the new highs for Salana might aggravate"}, {"start": "00:52:58", "end": "00:53:02", "text": "people if they only hit $400, maybe"}, {"start": "00:53:00", "end": "00:53:05", "text": "$500."}, {"start": "00:53:02", "end": "00:53:08", "text": "But from where it's at right now, you"}, {"start": "00:53:05", "end": "00:53:10", "text": "know, we when we look at the crypto"}, {"start": "00:53:08", "end": "00:53:12", "text": "market cap, we don't have to look very"}, {"start": "00:53:10", "end": "00:53:15", "text": "deep to find projects that are likely"}, {"start": "00:53:12", "end": "00:53:18", "text": "going to 4x or 5x over the course of the"}, {"start": "00:53:15", "end": "00:53:19", "text": "next few years. It's not that tough. Um,"}, {"start": "00:53:18", "end": "00:53:20", "text": "you just basically have to keep the"}, {"start": "00:53:19", "end": "00:53:23", "text": "lights on at this point to make it"}, {"start": "00:53:20", "end": "00:53:25", "text": "happen. And I do see I know that I"}, {"start": "00:53:23", "end": "00:53:26", "text": "wanted to look at unis swap as well."}, {"start": "00:53:25", "end": "00:53:29", "text": ">> Oh yeah, unis swap."}, {"start": "00:53:26", "end": "00:53:32", "text": ">> You know because unis swap has been one"}, {"start": "00:53:29", "end": "00:53:34", "text": "of the movers and groovers over this"}, {"start": "00:53:32", "end": "00:53:38", "text": "Robin Hood roll out and just you know"}, {"start": "00:53:34", "end": "00:53:40", "text": "over the last few weeks or months"}, {"start": "00:53:38", "end": "00:53:44", "text": "rather. There's been some really really"}, {"start": "00:53:40", "end": "00:53:47", "text": "good movement on the uni chart. So"}, {"start": "00:53:44", "end": "00:53:49", "text": "let's pull it up on Binance here. Look"}, {"start": "00:53:47", "end": "00:53:51", "text": "at local levels. Golly, look at that."}, {"start": "00:53:49", "end": "00:53:55", "text": "It's already playing out. It's already"}, {"start": "00:53:51", "end": "00:53:57", "text": "playing out. Um [snorts] I don't know if"}, {"start": "00:53:55", "end": "00:54:00", "text": "I'm going to get that five 520 entry"}, {"start": "00:53:57", "end": "00:54:01", "text": "point on this project. It kind of looks"}, {"start": "00:54:00", "end": "00:54:04", "text": "like the main point of control here is"}, {"start": "00:54:01", "end": "00:54:06", "text": "going to be the local bounce point from"}, {"start": "00:54:04", "end": "00:54:07", "text": "it. And that's kind of picture perfect"}, {"start": "00:54:06", "end": "00:54:09", "text": "for what I like seeing on a pump and"}, {"start": "00:54:07", "end": "00:54:12", "text": "run. Digging yourselves out of the"}, {"start": "00:54:09", "end": "00:54:14", "text": "extreme bare market blues. Come back up"}, {"start": "00:54:12", "end": "00:54:17", "text": "prove a zone as support. Point of"}, {"start": "00:54:14", "end": "00:54:19", "text": "control right at $6.30."}, {"start": "00:54:17", "end": "00:54:23", "text": "It's at 750 right now. So, we'd have to"}, {"start": "00:54:19", "end": "00:54:26", "text": "see a draw down of about let's see here"}, {"start": "00:54:23", "end": "00:54:28", "text": "about 18 20% to hit this volume node"}, {"start": "00:54:26", "end": "00:54:30", "text": "proper. I like this volume node target"}, {"start": "00:54:28", "end": "00:54:31", "text": "though, Kelly. Uh I really really do."}, {"start": "00:54:30", "end": "00:54:33", "text": "And"}, {"start": "00:54:31", "end": "00:54:36", "text": ">> hey, whatever happened with virtuals?"}, {"start": "00:54:33", "end": "00:54:38", "text": "Remember how big virtual was? It was"}, {"start": "00:54:36", "end": "00:54:41", "text": "like the talk of the town that the the"}, {"start": "00:54:38", "end": "00:54:43", "text": "coin out of nowhere and I haven't seen"}, {"start": "00:54:41", "end": "00:54:45", "text": "or heard anything about are they even"}, {"start": "00:54:43", "end": "00:54:48", "text": "still in the AI narrative as a"}, {"start": "00:54:45", "end": "00:54:50", "text": "contender? Well, virtuals protocol, you"}, {"start": "00:54:48", "end": "00:54:52", "text": "know, of the last bull market. Let's go"}, {"start": "00:54:50", "end": "00:54:53", "text": "back and look at it just so we can"}, {"start": "00:54:52", "end": "00:54:57", "text": "explain and go down memory lane here"}, {"start": "00:54:53", "end": "00:55:00", "text": "because I know virtuals was a golden"}, {"start": "00:54:57", "end": "00:55:03", "text": "child of the AI agent roll out. It's a"}, {"start": "00:55:00", "end": "00:55:07", "text": "land, it's a building platform or kind"}, {"start": "00:55:03", "end": "00:55:10", "text": "of a launchpad in in some some forms of"}, {"start": "00:55:07", "end": "00:55:14", "text": "AI agents, vituals. I got to put an R"}, {"start": "00:55:10", "end": "00:55:16", "text": "here. So, I think that there's been"}, {"start": "00:55:14", "end": "00:55:18", "text": "other avenues to create these AI agents"}, {"start": "00:55:16", "end": "00:55:20", "text": "that's popped up from point A to B, you"}, {"start": "00:55:18", "end": "00:55:22", "text": "know, because this real glow up season"}, {"start": "00:55:20", "end": "00:55:26", "text": "for virtuals was I remember the end of"}, {"start": "00:55:22", "end": "00:55:31", "text": "24, December 2024. This thing went up to"}, {"start": "00:55:26", "end": "00:55:35", "text": "around $5. It's trading at 69 right now."}, {"start": "00:55:31", "end": "00:55:37", "text": "Oh, this is a tough one, Kelly. This is"}, {"start": "00:55:35", "end": "00:55:39", "text": "a tough one."}, {"start": "00:55:37", "end": "00:55:42", "text": "when I'm looking at this from a larger"}, {"start": "00:55:39", "end": "00:55:46", "text": "let's let's let's got this one because I"}, {"start": "00:55:42", "end": "00:55:49", "text": "don't think the AI agent or AI narrative"}, {"start": "00:55:46", "end": "00:55:52", "text": "is dead by a long shot and if a chart"}, {"start": "00:55:49", "end": "00:55:54", "text": "like that can stay viable."}, {"start": "00:55:52", "end": "00:55:57", "text": "A product like that can stay viable, you"}, {"start": "00:55:54", "end": "00:55:59", "text": "might be looking at some major major"}, {"start": "00:55:57", "end": "00:56:01", "text": "chance here. Um locally speaking though,"}, {"start": "00:55:59", "end": "00:56:03", "text": "we're putting in red dots at the lows"}, {"start": "00:56:01", "end": "00:56:06", "text": "which is not a great sign. It's"}, {"start": "00:56:03", "end": "00:56:10", "text": "literally at the macro point of control"}, {"start": "00:56:06", "end": "00:56:12", "text": "as we speak. So it's trading around 69"}, {"start": "00:56:10", "end": "00:56:15", "text": "cents. That point of control is 69"}, {"start": "00:56:12", "end": "00:56:18", "text": "proper 695."}, {"start": "00:56:15", "end": "00:56:20", "text": "So it is at the exact moment like if"}, {"start": "00:56:18", "end": "00:56:23", "text": "you're holding virtuals and you see this"}, {"start": "00:56:20", "end": "00:56:25", "text": "thing lose five.56"}, {"start": "00:56:23", "end": "00:56:28", "text": "56 cents,"}, {"start": "00:56:25", "end": "00:56:31", "text": "you know, you're going to this actually"}, {"start": "00:56:28", "end": "00:56:33", "text": "might get ugly. um major major point of"}, {"start": "00:56:31", "end": "00:56:34", "text": "turnaround that needs it needs to show"}, {"start": "00:56:33", "end": "00:56:36", "text": "right now. Let's see how likely it is"}, {"start": "00:56:34", "end": "00:56:39", "text": "that it's going to turn around now."}, {"start": "00:56:36", "end": "00:56:42", "text": "Daily time frame money flow on the down"}, {"start": "00:56:39", "end": "00:56:46", "text": "swoop momentum moving to the down RSI. I"}, {"start": "00:56:42", "end": "00:56:48", "text": "think it actually might lose this PC."}, {"start": "00:56:46", "end": "00:56:51", "text": "Let's see here."}, {"start": "00:56:48", "end": "00:56:52", "text": "This is kind of wild."}, {"start": "00:56:51", "end": "00:56:54", "text": "This is kind of wild because I didn't"}, {"start": "00:56:52", "end": "00:56:58", "text": "expect this kind of weakness to be shown"}, {"start": "00:56:54", "end": "00:57:00", "text": "in one of the bigger AI plays. Um cuz AI"}, {"start": "00:56:58", "end": "00:57:03", "text": "sector is not doing bad right now. Like"}, {"start": "00:57:00", "end": "00:57:06", "text": "the tow and near sector is not doing bad"}, {"start": "00:57:03", "end": "00:57:08", "text": "at all. This is very interesting, Kelly."}, {"start": "00:57:06", "end": "00:57:10", "text": "Um"}, {"start": "00:57:08", "end": "00:57:13", "text": "[snorts]"}, {"start": "00:57:10", "end": "00:57:15", "text": "I don't know. I I I'm not I'm not buying"}, {"start": "00:57:13", "end": "00:57:18", "text": "this chart yet. I I would wait to see"}, {"start": "00:57:15", "end": "00:57:20", "text": "this PC proved as control, actual"}, {"start": "00:57:18", "end": "00:57:22", "text": "control. Otherwise, it's just a picture"}, {"start": "00:57:20", "end": "00:57:25", "text": "on a graph that turns into what used to"}, {"start": "00:57:22", "end": "00:57:27", "text": "be support. Um, you see how big that"}, {"start": "00:57:25", "end": "00:57:28", "text": "volume node is too. What are your"}, {"start": "00:57:27", "end": "00:57:29", "text": "thoughts on this? What are your"}, {"start": "00:57:28", "end": "00:57:31", "text": "thoughts? Because this is very"}, {"start": "00:57:29", "end": "00:57:34", "text": "interesting. This is"}, {"start": "00:57:31", "end": "00:57:37", "text": "I'd want to see a break above and a"}, {"start": "00:57:34", "end": "00:57:39", "text": "pullback bounce confirmation uh at"}, {"start": "00:57:37", "end": "00:57:43", "text": "basically one of those local highs uh"}, {"start": "00:57:39", "end": "00:57:46", "text": "just prior to uh the move that it's at"}, {"start": "00:57:43", "end": "00:57:49", "text": "now. Um, and I'd be a little I'm I would"}, {"start": "00:57:46", "end": "00:57:52", "text": "be reluctant uh just on the fact that uh"}, {"start": "00:57:49", "end": "00:57:56", "text": "what we've seen come out of Claude and"}, {"start": "00:57:52", "end": "00:57:59", "text": "uh Open AAI and uh how you know Near and"}, {"start": "00:57:56", "end": "00:58:02", "text": "Bit Tensor are doing uh right Grockbot."}, {"start": "00:57:59", "end": "00:58:06", "text": "It feels like uh when virtual came out,"}, {"start": "00:58:02", "end": "00:58:10", "text": "you know, a couple years back, it was in"}, {"start": "00:58:06", "end": "00:58:13", "text": "a space where it was a novel thing they"}, {"start": "00:58:10", "end": "00:58:17", "text": "were doing and now it is exponentially"}, {"start": "00:58:13", "end": "00:58:19", "text": "more competitive in that space. Uh but I"}, {"start": "00:58:17", "end": "00:58:21", "text": "I think I think it's probably still"}, {"start": "00:58:19", "end": "00:58:23", "text": "going to do well, but I would want to"}, {"start": "00:58:21", "end": "00:58:25", "text": "see some proof in the pudding with bulls"}, {"start": "00:58:23", "end": "00:58:27", "text": "actually coming in some sort of pullback"}, {"start": "00:58:25", "end": "00:58:30", "text": "bounce uh you know for confirmation."}, {"start": "00:58:27", "end": "00:58:32", "text": ">> Absolutely. AB because it was it was the"}, {"start": "00:58:30", "end": "00:58:34", "text": "hot new ticket item. Now, like you said,"}, {"start": "00:58:32", "end": "00:58:38", "text": "I mean, you got a lot of different ways"}, {"start": "00:58:34", "end": "00:58:40", "text": "to make AI agents. It's not so uh"}, {"start": "00:58:38", "end": "00:58:42", "text": "concentrated or controlled anymore."}, {"start": "00:58:40", "end": "00:58:44", "text": "Very, very interesting chart to bring up"}, {"start": "00:58:42", "end": "00:58:47", "text": "there. I'll have to keep an eye on that"}, {"start": "00:58:44", "end": "00:58:50", "text": "one. Now, uh just my quick recap on"}, {"start": "00:58:47", "end": "00:58:51", "text": "Uniswap. This is a project I am going to"}, {"start": "00:58:50", "end": "00:58:54", "text": "be adding to the portfolio. I've already"}, {"start": "00:58:51", "end": "00:58:57", "text": "made that decision. My preference is"}, {"start": "00:58:54", "end": "00:58:59", "text": "that I'm buying it in the low $6 region"}, {"start": "00:58:57", "end": "00:59:01", "text": "though and it's trading around $7.50"}, {"start": "00:58:59", "end": "00:59:03", "text": "right now. I'm going to be patient. I'm"}, {"start": "00:59:01", "end": "00:59:06", "text": "going to see if I can get a bigger draw"}, {"start": "00:59:03", "end": "00:59:08", "text": "back in the local others to Bitcoin"}, {"start": "00:59:06", "end": "00:59:11", "text": "chart. I want to see these weekly"}, {"start": "00:59:08", "end": "00:59:14", "text": "candles start reaching closer to this"}, {"start": "00:59:11", "end": "00:59:17", "text": "upward trend line. That would be the"}, {"start": "00:59:14", "end": "00:59:19", "text": "perfect scenario for me is to see the"}, {"start": "00:59:17", "end": "00:59:21", "text": "full bump and run play out on this"}, {"start": "00:59:19", "end": "00:59:23", "text": "upward wave pattern on the other to"}, {"start": "00:59:21", "end": "00:59:26", "text": "Bitcoin chart and get those lower entry"}, {"start": "00:59:23", "end": "00:59:28", "text": "points on some of these projects here."}, {"start": "00:59:26", "end": "00:59:31", "text": "Um, and we we do have some big unlocks"}, {"start": "00:59:28", "end": "00:59:33", "text": "coming up. We have seven token unlocks"}, {"start": "00:59:31", "end": "00:59:36", "text": "coming up coming up this week for Pump.f"}, {"start": "00:59:33", "end": "00:59:39", "text": "fun and the Pump token $41 million worth"}, {"start": "00:59:36", "end": "00:59:43", "text": "of tokens coming out. Right behind it is"}, {"start": "00:59:39", "end": "00:59:46", "text": "Arbitrum. Arbitron coming out with 92"}, {"start": "00:59:43", "end": "00:59:48", "text": "million tokens. Almost a full percentage"}, {"start": "00:59:46", "end": "00:59:51", "text": "of the supply of Arbitron is being"}, {"start": "00:59:48", "end": "00:59:54", "text": "unlocked this week. A big big unlock"}, {"start": "00:59:51", "end": "00:59:58", "text": "unlock value is right around 16 or $17"}, {"start": "00:59:54", "end": "01:00:00", "text": "million. The other ones are Dbridge."}, {"start": "00:59:58", "end": "01:00:03", "text": "I don't know if Dbridge is too viable"}, {"start": "01:00:00", "end": "01:00:05", "text": "anymore. I'm not sure if Dbridge is"}, {"start": "01:00:03", "end": "01:00:07", "text": "useful or viable, especially with near"}, {"start": "01:00:05", "end": "01:00:11", "text": "and near intense things like that coming"}, {"start": "01:00:07", "end": "01:00:13", "text": "out. You don't need the uh wonky, they"}, {"start": "01:00:11", "end": "01:00:14", "text": "almost feel like those wonky bridges in"}, {"start": "01:00:13", "end": "01:00:18", "text": "the middle of the Amazon that you don't"}, {"start": "01:00:14", "end": "01:00:22", "text": "trust to walk across at this point. Um,"}, {"start": "01:00:18", "end": "01:00:25", "text": "now Kelly John Cena, you know, John"}, {"start": "01:00:22", "end": "01:00:28", "text": "Cena, I think does he follow both of us?"}, {"start": "01:00:25", "end": "01:00:29", "text": "He went on a crypto following spree uh"}, {"start": "01:00:28", "end": "01:00:30", "text": "over the last few years."}, {"start": "01:00:29", "end": "01:00:33", "text": ">> Well, they were calling me Ben Ben"}, {"start": "01:00:30", "end": "01:00:35", "text": "Armstrong. Ben Armstrong earlier."}, {"start": "01:00:33", "end": "01:00:36", "text": ">> Oh, yeah. Well, no, I think Brian"}, {"start": "01:00:35", "end": "01:00:38", "text": "Armstrong."}, {"start": "01:00:36", "end": "01:00:40", "text": ">> Brian Armstrong. [laughter]"}, {"start": "01:00:38", "end": "01:00:42", "text": "Um,"}, {"start": "01:00:40", "end": "01:00:46", "text": "Starknet,"}, {"start": "01:00:42", "end": "01:00:49", "text": "big unlock coming. 1.2% of the supply is"}, {"start": "01:00:46", "end": "01:00:51", "text": "coming out for Starknet. We might have"}, {"start": "01:00:49", "end": "01:00:54", "text": "just seen the escape pump for the"}, {"start": "01:00:51", "end": "01:00:56", "text": "Starknet token over the course of the"}, {"start": "01:00:54", "end": "01:00:58", "text": "last few weeks because I know Starknet"}, {"start": "01:00:56", "end": "01:01:01", "text": "was running hard and I just remember"}, {"start": "01:00:58", "end": "01:01:04", "text": "there was like eight main things"}, {"start": "01:01:01", "end": "01:01:06", "text": "that caused a lot of the transaction"}, {"start": "01:01:04", "end": "01:01:09", "text": "volume or movement on Starknet. Even in"}, {"start": "01:01:06", "end": "01:01:11", "text": "a bull market that we just went through"}, {"start": "01:01:09", "end": "01:01:13", "text": "the price of the token, it had some"}, {"start": "01:01:11", "end": "01:01:17", "text": "performance to this project. I remember"}, {"start": "01:01:13", "end": "01:01:20", "text": "the price was exciting to the downside,"}, {"start": "01:01:17", "end": "01:01:22", "text": "right? It came out very high and it was"}, {"start": "01:01:20", "end": "01:01:25", "text": "just like when is this thing going to"}, {"start": "01:01:22", "end": "01:01:25", "text": "find its floor."}, {"start": "01:01:25", "end": "01:01:28", "text": "[sighs]"}, {"start": "01:01:25", "end": "01:01:30", "text": "I don't know about this one. I don't"}, {"start": "01:01:28", "end": "01:01:34", "text": "know with the amount of tokens that are"}, {"start": "01:01:30", "end": "01:01:37", "text": "about to be unlocked. This feels like a"}, {"start": "01:01:34", "end": "01:01:39", "text": "market maker artificially"}, {"start": "01:01:37", "end": "01:01:43", "text": "created escape pump. I don't have any"}, {"start": "01:01:39", "end": "01:01:44", "text": "proof, but this is something that uh you"}, {"start": "01:01:43", "end": "01:01:45", "text": "know is on my mind seeing that massive"}, {"start": "01:01:44", "end": "01:01:49", "text": "unlock. So, if you're holding any of"}, {"start": "01:01:45", "end": "01:01:51", "text": "these tokens, stable, starknet, say,"}, {"start": "01:01:49", "end": "01:01:54", "text": "SEI, or Pyiverse,"}, {"start": "01:01:51", "end": "01:01:55", "text": "um, or Dbridge, just keep an eye on"}, {"start": "01:01:54", "end": "01:01:57", "text": "that, you know, keep an eye. The one"}, {"start": "01:01:55", "end": "01:01:59", "text": "that I'm most bullish out of this whole"}, {"start": "01:01:57", "end": "01:02:01", "text": "list is really arbitrum. It's kind of a"}, {"start": "01:01:59", "end": "01:02:02", "text": "clear, easy thing to be the most bullish"}, {"start": "01:02:01", "end": "01:02:05", "text": "on. The other ones don't really interest"}, {"start": "01:02:02", "end": "01:02:07", "text": "me that much. And the Arbitrum chart, I"}, {"start": "01:02:05", "end": "01:02:09", "text": "spent some time mapping it out, looking"}, {"start": "01:02:07", "end": "01:02:10", "text": "for those bumpand run targets. It has"}, {"start": "01:02:09", "end": "01:02:12", "text": "already [clears throat] come down to"}, {"start": "01:02:10", "end": "01:02:15", "text": "that 18 cent mark, which I highlighted"}, {"start": "01:02:12", "end": "01:02:18", "text": "earlier. So, we're at that initial phase"}, {"start": "01:02:15", "end": "01:02:20", "text": "that it could prove 18 cents as support."}, {"start": "01:02:18", "end": "01:02:22", "text": "More likely though, right under you is"}, {"start": "01:02:20", "end": "01:02:25", "text": "15 cents. Not too big of a difference"}, {"start": "01:02:22", "end": "01:02:27", "text": "between 18 to 15 cents on a project this"}, {"start": "01:02:25", "end": "01:02:30", "text": "small. Yeah, it's 20%, but we're talking"}, {"start": "01:02:27", "end": "01:02:32", "text": "about a tiny tiny market cap compared to"}, {"start": "01:02:30", "end": "01:02:35", "text": "the other ones. The real weird thing"}, {"start": "01:02:32", "end": "01:02:37", "text": "about this arbitum of chart is just it"}, {"start": "01:02:35", "end": "01:02:38", "text": "looks like Starknet as well. Look at"}, {"start": "01:02:37", "end": "01:02:42", "text": "this is why people are so pissed at"}, {"start": "01:02:38", "end": "01:02:44", "text": "crypto. We buy way higher and hold these"}, {"start": "01:02:42", "end": "01:02:46", "text": "things into bare market lows, you know."}, {"start": "01:02:44", "end": "01:02:48", "text": ">> I mean, even actually, you know what?"}, {"start": "01:02:46", "end": "01:02:52", "text": "What? Zoom out just a little bit. See,"}, {"start": "01:02:48", "end": "01:02:55", "text": "see see that uh that uh that previous"}, {"start": "01:02:52", "end": "01:02:56", "text": "low, the low before the low that we just"}, {"start": "01:02:55", "end": "01:02:57", "text": "hit."}, {"start": "01:02:56", "end": "01:02:58", "text": ">> Uh yeah, right here."}, {"start": "01:02:57", "end": "01:03:00", "text": ">> Right there. Now, measure from that low"}, {"start": "01:02:58", "end": "01:03:02", "text": "to the actual bottom."}, {"start": "01:03:00", "end": "01:03:05", "text": ">> Uh it was it was much more pain. Let's"}, {"start": "01:03:02", "end": "01:03:05", "text": "see. It's probably about like 50%."}, {"start": "01:03:05", "end": "01:03:09", "text": "[laughter]"}, {"start": "01:03:05", "end": "01:03:12", "text": "Let's see. uh 60 68%."}, {"start": "01:03:09", "end": "01:03:14", "text": ">> So you had 60 another 60% drop from"}, {"start": "01:03:12", "end": "01:03:16", "text": "where you thought the bottom was"}, {"start": "01:03:14", "end": "01:03:19", "text": ">> and yeah the mark that's what I was"}, {"start": "01:03:16", "end": "01:03:20", "text": "saying earlier with as exciting as we"}, {"start": "01:03:19", "end": "01:03:22", "text": "are excited as we are about the"}, {"start": "01:03:20", "end": "01:03:24", "text": "altcoins."}, {"start": "01:03:22", "end": "01:03:27", "text": ">> We are shaking off and have to work"}, {"start": "01:03:24", "end": "01:03:29", "text": "through five years of woes. So there's"}, {"start": "01:03:27", "end": "01:03:31", "text": "going to be big moves and then it just"}, {"start": "01:03:29", "end": "01:03:33", "text": "nothing happens and then so I I I think"}, {"start": "01:03:31", "end": "01:03:36", "text": "we're going to be seeing a different alt"}, {"start": "01:03:33", "end": "01:03:37", "text": "sector that we seen previously where"}, {"start": "01:03:36", "end": "01:03:40", "text": "things just run and they they they just"}, {"start": "01:03:37", "end": "01:03:43", "text": "continue running like we saw in 2017 and"}, {"start": "01:03:40", "end": "01:03:45", "text": "2021. I think it's going to be more like"}, {"start": "01:03:43", "end": "01:03:48", "text": "we get big mo like basically stairst"}, {"start": "01:03:45", "end": "01:03:51", "text": "steps and and sideways action and uh"}, {"start": "01:03:48", "end": "01:03:54", "text": "it's a you know a little bit more mature"}, {"start": "01:03:51", "end": "01:03:56", "text": "market uh due to the trials and"}, {"start": "01:03:54", "end": "01:03:57", "text": "tribulations that the holders have"}, {"start": "01:03:56", "end": "01:03:59", "text": "endured."}, {"start": "01:03:57", "end": "01:04:02", "text": ">> Absolutely. Absolutely. And you know"}, {"start": "01:03:59", "end": "01:04:05", "text": "AVAC had its own I had my own reasons"}, {"start": "01:04:02", "end": "01:04:06", "text": "for staying away from AVAC for the last"}, {"start": "01:04:05", "end": "01:04:08", "text": "probably year or two."}, {"start": "01:04:06", "end": "01:04:10", "text": ">> I'm going to take you on a walk in a"}, {"start": "01:04:08", "end": "01:04:12", "text": "second. I made a, you know, great moves"}, {"start": "01:04:10", "end": "01:04:16", "text": "on AVAX. Locally, though, it's it's"}, {"start": "01:04:12", "end": "01:04:17", "text": "proven some support in this $10 $10"}, {"start": "01:04:16", "end": "01:04:20", "text": "region. It hasn't broken down through"}, {"start": "01:04:17", "end": "01:04:23", "text": "it. You know, the main spot in a mid70s"}, {"start": "01:04:20", "end": "01:04:27", "text": "wash out for Bitcoin, I'd be watching $9"}, {"start": "01:04:23", "end": "01:04:31", "text": "proper, but this general$9 to$10 zone is"}, {"start": "01:04:27", "end": "01:04:34", "text": "starting to be rolled into a version of"}, {"start": "01:04:31", "end": "01:04:36", "text": "support. Um, you know, I'm liking track."}, {"start": "01:04:34", "end": "01:04:38", "text": "I'm liking track. If you joined me on"}, {"start": "01:04:36", "end": "01:04:41", "text": "the blockchain basement last Friday, you"}, {"start": "01:04:38", "end": "01:04:44", "text": "know just how much I like track. Um, so"}, {"start": "01:04:41", "end": "01:04:46", "text": "any predictions on ARB? Man,"}, {"start": "01:04:44", "end": "01:04:49", "text": "that's a hard one to call. It is a hard"}, {"start": "01:04:46", "end": "01:04:51", "text": "one to call. Arbitum, it has a revenue"}, {"start": "01:04:49", "end": "01:04:54", "text": "mechanism hooked into Robin Hood, so"}, {"start": "01:04:51", "end": "01:04:57", "text": "it's got a lot of potential. Uh, but I"}, {"start": "01:04:54", "end": "01:04:59", "text": "mean it does have these token unlocks"}, {"start": "01:04:57", "end": "01:05:01", "text": "hanging over its head. It does have a"}, {"start": "01:04:59", "end": "01:05:03", "text": "lot of those general inflationary"}, {"start": "01:05:01", "end": "01:05:05", "text": "pressures to coins that we got to"}, {"start": "01:05:03", "end": "01:05:07", "text": "account for. So really from all this I"}, {"start": "01:05:05", "end": "01:05:12", "text": "think the most excited I am is the unis"}, {"start": "01:05:07", "end": "01:05:14", "text": "swap chart. I'm liking Uniswap as a coin"}, {"start": "01:05:12", "end": "01:05:16", "text": "and uh you know I think that over the"}, {"start": "01:05:14", "end": "01:05:20", "text": "course of the next few weeks if we do"}, {"start": "01:05:16", "end": "01:05:21", "text": "see just a local rollover on Bitcoin"}, {"start": "01:05:20", "end": "01:05:23", "text": "something similar to what we've seen in"}, {"start": "01:05:21", "end": "01:05:26", "text": "the past and painted Y at the beginning"}, {"start": "01:05:23", "end": "01:05:28", "text": "of the show and a mid70s rollover point"}, {"start": "01:05:26", "end": "01:05:31", "text": "unis swaps on my mind first and foremost"}, {"start": "01:05:28", "end": "01:05:33", "text": "for that and aerod drrome but uh you"}, {"start": "01:05:31", "end": "01:05:35", "text": "know Kelly know you got to take the"}, {"start": "01:05:33", "end": "01:05:36", "text": "pooch out we we've already went over"}, {"start": "01:05:35", "end": "01:05:38", "text": "time there's too many charts to talk"}, {"start": "01:05:36", "end": "01:05:40", "text": "about I'm too excited I get excited"}, {"start": "01:05:38", "end": "01:05:42", "text": "during buying season. It's on me. But I"}, {"start": "01:05:40", "end": "01:05:44", "text": "appreciate you joining the show."}, {"start": "01:05:42", "end": "01:05:45", "text": ">> Yeah, absolutely. Everybody remember uh"}, {"start": "01:05:44", "end": "01:05:48", "text": "get in there, get into school. Remember,"}, {"start": "01:05:45", "end": "01:05:50", "text": "you can sign up 7-day free trial. We got"}, {"start": "01:05:48", "end": "01:05:52", "text": "a great class tomorrow as well. I'm also"}, {"start": "01:05:50", "end": "01:05:53", "text": "going to be breaking down how to utilize"}, {"start": "01:05:52", "end": "01:05:55", "text": "some of the the free tools you get when"}, {"start": "01:05:53", "end": "01:05:58", "text": "you're a school member. Uh the DC data"}, {"start": "01:05:55", "end": "01:06:01", "text": "hub, DC research, and by the way, the DC"}, {"start": "01:05:58", "end": "01:06:04", "text": "Research tool also has a full uh"}, {"start": "01:06:01", "end": "01:06:05", "text": "integrated uh portfolio manager as well."}, {"start": "01:06:04", "end": "01:06:09", "text": "So you can you can track if you're"}, {"start": "01:06:05", "end": "01:06:11", "text": "holding stocks like Nvidia and iron and"}, {"start": "01:06:09", "end": "01:06:14", "text": "uh Apple, but also holding crypto, you"}, {"start": "01:06:11", "end": "01:06:15", "text": "can hold it all in one place. Uh track"}, {"start": "01:06:14", "end": "01:06:17", "text": "it all in one place. We don't touch any"}, {"start": "01:06:15", "end": "01:06:19", "text": "of the holdings or anything that we"}, {"start": "01:06:17", "end": "01:06:21", "text": "actually have it set up to where it"}, {"start": "01:06:19", "end": "01:06:23", "text": "rejects if you do connect your wallet to"}, {"start": "01:06:21", "end": "01:06:25", "text": "it. So it can automatically read your"}, {"start": "01:06:23", "end": "01:06:28", "text": "your holdings. It will reject any"}, {"start": "01:06:25", "end": "01:06:30", "text": "connectivity that has any ability to"}, {"start": "01:06:28", "end": "01:06:32", "text": "move anything. Uh so it's only read"}, {"start": "01:06:30", "end": "01:06:35", "text": "only. Uh but you can also manually enter"}, {"start": "01:06:32", "end": "01:06:38", "text": "stuff as well. research tools, the data"}, {"start": "01:06:35", "end": "01:06:40", "text": "aggregation, uh the altcoin scorecards,"}, {"start": "01:06:38", "end": "01:06:43", "text": "uh we're going to be breaking down all"}, {"start": "01:06:40", "end": "01:06:45", "text": "those things uh in tomorrow's Wednesday"}, {"start": "01:06:43", "end": "01:06:48", "text": "class. So, get in there. And I mean,"}, {"start": "01:06:45", "end": "01:06:52", "text": "there's so much value in that uh in that"}, {"start": "01:06:48", "end": "01:06:54", "text": "in that school community. So, uh look,"}, {"start": "01:06:52", "end": "01:06:55", "text": "and that's Wednesday, tomorrow at 2 p.m."}, {"start": "01:06:54", "end": "01:06:57", "text": "we're going to be having that next call."}, {"start": "01:06:55", "end": "01:06:59", "text": "So, make sure you get in there and get"}, {"start": "01:06:57", "end": "01:07:01", "text": "that alpha. And every call that we've"}, {"start": "01:06:59", "end": "01:07:03", "text": "had previous is recorded. You can go"}, {"start": "01:07:01", "end": "01:07:04", "text": "through the whole library there. Kelly,"}, {"start": "01:07:03", "end": "01:07:06", "text": "appreciate you. Hopefully we get this"}, {"start": "01:07:04", "end": "01:07:08", "text": "bump and run and some decent entry"}, {"start": "01:07:06", "end": "01:07:12", "text": "points. I'll see you very soon, man."}, {"start": "01:07:08", "end": "01:07:12", "text": ">> All right, brother. Adios."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "There's a macroeconomic upheaval"}, {"start": "00:00:02", "end": "00:00:06", "text": "happening in Trump's America right now."}, {"start": "00:00:04", "end": "00:00:09", "text": "Treasury cash, fatter Federal Reserve"}, {"start": "00:00:06", "end": "00:00:11", "text": "balance sheet, and crypto. The people"}, {"start": "00:00:09", "end": "00:00:13", "text": "that are positioned before that money"}, {"start": "00:00:11", "end": "00:00:14", "text": "moves are going to have a very different"}, {"start": "00:00:13", "end": "00:00:16", "text": "decade from the people waiting on the"}, {"start": "00:00:14", "end": "00:00:18", "text": "sidelines for their paycheck to catch"}, {"start": "00:00:16", "end": "00:00:20", "text": "up. The last time we talked about the"}, {"start": "00:00:18", "end": "00:00:23", "text": "loss of purchasing power. This time"}, {"start": "00:00:20", "end": "00:00:24", "text": "we're going to follow the money to the"}, {"start": "00:00:23", "end": "00:00:27", "text": "other side of where this trade ends up"}, {"start": "00:00:24", "end": "00:00:28", "text": "going. With the debt load, what we are"}, {"start": "00:00:27", "end": "00:00:31", "text": "carrying right now, and the balance"}, {"start": "00:00:28", "end": "00:00:33", "text": "sheet that's still yet to support this"}, {"start": "00:00:31", "end": "00:00:36", "text": "massive, massive upheaval, sitting in"}, {"start": "00:00:33", "end": "00:00:38", "text": "cash, being a good servant of society,"}, {"start": "00:00:36", "end": "00:00:40", "text": "and hoping your boss just notices how"}, {"start": "00:00:38", "end": "00:00:42", "text": "good you're doing will get you cooked."}, {"start": "00:00:40", "end": "00:00:44", "text": "This is because money can leave a"}, {"start": "00:00:42", "end": "00:00:46", "text": "government account, run through the"}, {"start": "00:00:44", "end": "00:00:49", "text": "financial system, and repric all of the"}, {"start": "00:00:46", "end": "00:00:51", "text": "assets underlying before most workers"}, {"start": "00:00:49", "end": "00:00:54", "text": "ever see a bigger paycheck. Now, that"}, {"start": "00:00:51", "end": "00:00:55", "text": "timing gap is the opportunity that I'm"}, {"start": "00:00:54", "end": "00:00:58", "text": "about to lay out for you here. A"}, {"start": "00:00:55", "end": "00:01:00", "text": "government managing a mountain of debt"}, {"start": "00:00:58", "end": "00:01:02", "text": "cares about funding cost and not"}, {"start": "00:01:00", "end": "00:01:05", "text": "breaking the bond market. The Treasury"}, {"start": "00:01:02", "end": "00:01:08", "text": "manages its cash and the Federal Reserve"}, {"start": "00:01:05", "end": "00:01:10", "text": "manages the rates. investors reposition"}, {"start": "00:01:08", "end": "00:01:13", "text": "before the grocery store prices hit as a"}, {"start": "00:01:10", "end": "00:01:15", "text": "result of all of this. This is the setup"}, {"start": "00:01:13", "end": "00:01:17", "text": "people mean by a Trump money flood. The"}, {"start": "00:01:15", "end": "00:01:19", "text": "question is not whether every dollar"}, {"start": "00:01:17", "end": "00:01:21", "text": "becomes inflation or whether every"}, {"start": "00:01:19", "end": "00:01:23", "text": "policy tweak is secretly quantitive"}, {"start": "00:01:21", "end": "00:01:25", "text": "easing. What you really should be asking"}, {"start": "00:01:23", "end": "00:01:27", "text": "yourself is where is this money going to"}, {"start": "00:01:25", "end": "00:01:30", "text": "land first? Whose balance sheets going"}, {"start": "00:01:27", "end": "00:01:32", "text": "to change and whether risk capital stays"}, {"start": "00:01:30", "end": "00:01:34", "text": "in Bitcoin or starts leaking into the"}, {"start": "00:01:32", "end": "00:01:37", "text": "rest of the crypto sector, especially"}, {"start": "00:01:34", "end": "00:01:39", "text": "all coins. very very movable projects"}, {"start": "00:01:37", "end": "00:01:42", "text": "with a lot of money that can be made if"}, {"start": "00:01:39", "end": "00:01:43", "text": "even a hint of this capital flow makes"}, {"start": "00:01:42", "end": "00:01:46", "text": "it downhill to them. You have to start"}, {"start": "00:01:43", "end": "00:01:48", "text": "off with the plumbing. Internet loves to"}, {"start": "00:01:46", "end": "00:01:50", "text": "call everything printing, but there are"}, {"start": "00:01:48", "end": "00:01:52", "text": "really three pipes of liquidity here in"}, {"start": "00:01:50", "end": "00:01:53", "text": "the United States. You have the Treasury"}, {"start": "00:01:52", "end": "00:01:55", "text": "General Account is the federal"}, {"start": "00:01:53", "end": "00:01:58", "text": "government's checking account at the"}, {"start": "00:01:55", "end": "00:02:00", "text": "Federal Reserve. Taxes and borrowing"}, {"start": "00:01:58", "end": "00:02:02", "text": "fill this basket. When the treasury"}, {"start": "00:02:00", "end": "00:02:05", "text": "decides to spend, the receipts bank"}, {"start": "00:02:02", "end": "00:02:08", "text": "deposit rises and the bank reserves rise"}, {"start": "00:02:05", "end": "00:02:09", "text": "with it. That is existing cash leaving"}, {"start": "00:02:08", "end": "00:02:12", "text": "the account. It's not the treasury"}, {"start": "00:02:09", "end": "00:02:14", "text": "inventing new dollars in the basement"}, {"start": "00:02:12", "end": "00:02:16", "text": "and releasing them onto the open market."}, {"start": "00:02:14", "end": "00:02:18", "text": "This may come to a shock to you. I"}, {"start": "00:02:16", "end": "00:02:19", "text": "understand that from the hyperbole"}, {"start": "00:02:18", "end": "00:02:21", "text": "that's constantly put out there about"}, {"start": "00:02:19", "end": "00:02:22", "text": "quantitative easing this, quantitive"}, {"start": "00:02:21", "end": "00:02:25", "text": "easing that. It comes in many different"}, {"start": "00:02:22", "end": "00:02:27", "text": "forms. Banks, however, work differently."}, {"start": "00:02:25", "end": "00:02:30", "text": "When a bank makes a real loan, it"}, {"start": "00:02:27", "end": "00:02:32", "text": "creates the deposit on the other side."}, {"start": "00:02:30", "end": "00:02:35", "text": "Banks do not lend out those reserves"}, {"start": "00:02:32", "end": "00:02:37", "text": "like jars of spare change. The lending"}, {"start": "00:02:35", "end": "00:02:39", "text": "then creates the deposit, assuming that"}, {"start": "00:02:37", "end": "00:02:40", "text": "someone wants to actually take the loan,"}, {"start": "00:02:39", "end": "00:02:43", "text": "and the bank has the capital and the"}, {"start": "00:02:40", "end": "00:02:45", "text": "nerve to tolerate it. And then you have"}, {"start": "00:02:43", "end": "00:02:48", "text": "the Fed when it buys a treasury. It"}, {"start": "00:02:45", "end": "00:02:51", "text": "actually pays with new reserves. If a"}, {"start": "00:02:48", "end": "00:02:53", "text": "non-bank sells that bond, the seller can"}, {"start": "00:02:51", "end": "00:02:55", "text": "end up with a bank deposit while the"}, {"start": "00:02:53", "end": "00:02:58", "text": "bank gets control of that reserve."}, {"start": "00:02:55", "end": "00:02:59", "text": "Reserves are still not household cash."}, {"start": "00:02:58", "end": "00:03:02", "text": "They're what banks hold at the Federal"}, {"start": "00:02:59", "end": "00:03:04", "text": "Reserve to settle those payments. Buying"}, {"start": "00:03:02", "end": "00:03:05", "text": "bills so that the plumbing does not clog"}, {"start": "00:03:04", "end": "00:03:08", "text": "up is not automatically quantitive"}, {"start": "00:03:05", "end": "00:03:11", "text": "easing. QE is meant to ease broader"}, {"start": "00:03:08", "end": "00:03:13", "text": "financial conditions. And the purpose of"}, {"start": "00:03:11", "end": "00:03:15", "text": "these money flow injections matter."}, {"start": "00:03:13", "end": "00:03:17", "text": "Assets matter underlying and a rising"}, {"start": "00:03:15", "end": "00:03:19", "text": "balance sheet by itself is not a victory"}, {"start": "00:03:17", "end": "00:03:21", "text": "lap for us all to take in the crypto"}, {"start": "00:03:19", "end": "00:03:23", "text": "sector by any means. So you must"}, {"start": "00:03:21", "end": "00:03:26", "text": "understand there are three pipes to the"}, {"start": "00:03:23", "end": "00:03:28", "text": "system, three first receivers. The"}, {"start": "00:03:26", "end": "00:03:31", "text": "popular bull case comes from a Braavos"}, {"start": "00:03:28", "end": "00:03:32", "text": "research thread that mashes the Fed"}, {"start": "00:03:31", "end": "00:03:35", "text": "balance sheet, the Treasury General"}, {"start": "00:03:32", "end": "00:03:37", "text": "account, and the overnight reverse repo"}, {"start": "00:03:35", "end": "00:03:41", "text": "facility into a rough net liquidity"}, {"start": "00:03:37", "end": "00:03:43", "text": "proxy. Their sketch is a $7.5 trillion"}, {"start": "00:03:41", "end": "00:03:46", "text": "Federal Reserve balance sheet. Then you"}, {"start": "00:03:43", "end": "00:03:49", "text": "have to take out a$.4 trillion Treasury"}, {"start": "00:03:46", "end": "00:03:51", "text": "general account minus essentially zero"}, {"start": "00:03:49", "end": "00:03:54", "text": "in the reverse repo market and you end"}, {"start": "00:03:51", "end": "00:03:57", "text": "up with around $7.1 trillion."}, {"start": "00:03:54", "end": "00:03:59", "text": "They compare that with a claimed $5.8"}, {"start": "00:03:57", "end": "00:04:01", "text": "trillion starting point and the"}, {"start": "00:03:59", "end": "00:04:04", "text": "difference ends up being around 1.3"}, {"start": "00:04:01", "end": "00:04:06", "text": "trill. Now, this arithmetic works for"}, {"start": "00:04:04", "end": "00:04:09", "text": "those inputs, but it is not official Fed"}, {"start": "00:04:06", "end": "00:04:11", "text": "forecast, and this is definitely not"}, {"start": "00:04:09", "end": "00:04:14", "text": "cash with crypto's name printed all over"}, {"start": "00:04:11", "end": "00:04:17", "text": "it. The $7.5 trillion gets attributed to"}, {"start": "00:04:14", "end": "00:04:20", "text": "the Federal Reserve, and that addition"}, {"start": "00:04:17", "end": "00:04:22", "text": "is still unverified. Treat this as a"}, {"start": "00:04:20", "end": "00:04:24", "text": "scenario where you're stress testing and"}, {"start": "00:04:22", "end": "00:04:26", "text": "not a policy promise for future outlook."}, {"start": "00:04:24", "end": "00:04:29", "text": "All of this money flowing in the rise of"}, {"start": "00:04:26", "end": "00:04:32", "text": "risk assets does not guarantee that $1.3"}, {"start": "00:04:29", "end": "00:04:34", "text": "trillion is about to walk directly into"}, {"start": "00:04:32", "end": "00:04:37", "text": "your altcoin bag. This reverse repo"}, {"start": "00:04:34", "end": "00:04:38", "text": "facility is not a vault that turns into"}, {"start": "00:04:37", "end": "00:04:40", "text": "spending money when those balance sheet"}, {"start": "00:04:38", "end": "00:04:42", "text": "falls. You hear this talked about all"}, {"start": "00:04:40", "end": "00:04:44", "text": "night, but basically eligible players"}, {"start": "00:04:42", "end": "00:04:47", "text": "park their cash overnight in exchange"}, {"start": "00:04:44", "end": "00:04:49", "text": "for securities. And a lower balance in"}, {"start": "00:04:47", "end": "00:04:51", "text": "this often means money market funds"}, {"start": "00:04:49", "end": "00:04:53", "text": "would rather own treasury bills, tea"}, {"start": "00:04:51", "end": "00:04:56", "text": "bills as they call them. It does not"}, {"start": "00:04:53", "end": "00:04:58", "text": "automatically create consumer demand for"}, {"start": "00:04:56", "end": "00:05:00", "text": "the loan boom. Now, the Treasury general"}, {"start": "00:04:58", "end": "00:05:02", "text": "account matters for a much simpler"}, {"start": "00:05:00", "end": "00:05:05", "text": "reason. Treasury payments change who"}, {"start": "00:05:02", "end": "00:05:07", "text": "holds the cash right now. The picture, a"}, {"start": "00:05:05", "end": "00:05:09", "text": "reservoir that's feeding a river. The"}, {"start": "00:05:07", "end": "00:05:11", "text": "water was already there, but once it's"}, {"start": "00:05:09", "end": "00:05:14", "text": "released, contractors, benefit"}, {"start": "00:05:11", "end": "00:05:16", "text": "recipients, vendors, bond holders, and"}, {"start": "00:05:14", "end": "00:05:18", "text": "their banks get that money first. Some"}, {"start": "00:05:16", "end": "00:05:21", "text": "will decide to pay down their bills."}, {"start": "00:05:18", "end": "00:05:24", "text": "Some invest, and some spend. Now, the"}, {"start": "00:05:21", "end": "00:05:26", "text": "headline balance matters less than who"}, {"start": "00:05:24", "end": "00:05:28", "text": "receives it and how spending is actually"}, {"start": "00:05:26", "end": "00:05:30", "text": "financed. These buybacks can actually"}, {"start": "00:05:28", "end": "00:05:32", "text": "sit in the same bucket. We can smooth"}, {"start": "00:05:30", "end": "00:05:34", "text": "out the market or reshuffle who holds"}, {"start": "00:05:32", "end": "00:05:36", "text": "these securities. The real effect of"}, {"start": "00:05:34", "end": "00:05:38", "text": "this depends on who's financing that"}, {"start": "00:05:36", "end": "00:05:40", "text": "cash. So, now we arrive at the part that"}, {"start": "00:05:38", "end": "00:05:42", "text": "actually hits your net worth that"}, {"start": "00:05:40", "end": "00:05:45", "text": "affects our risk asset environment."}, {"start": "00:05:42", "end": "00:05:47", "text": "Markets run on a very fast clock. a"}, {"start": "00:05:45", "end": "00:05:49", "text": "dealer, a fund, a bank, and a company"}, {"start": "00:05:47", "end": "00:05:51", "text": "that's getting cash, easier funding, or"}, {"start": "00:05:49", "end": "00:05:53", "text": "a cleaner balance sheet that can move"}, {"start": "00:05:51", "end": "00:05:56", "text": "that same week, really move the buck for"}, {"start": "00:05:53", "end": "00:05:58", "text": "these assets. Refinancing and buying"}, {"start": "00:05:56", "end": "00:06:01", "text": "securities, fund inventory, making a"}, {"start": "00:05:58", "end": "00:06:03", "text": "loan, adding risk to the market. Your"}, {"start": "00:06:01", "end": "00:06:05", "text": "paycheck runs on a slower clock. It's"}, {"start": "00:06:03", "end": "00:06:08", "text": "more dependent on like labor demand"}, {"start": "00:06:05", "end": "00:06:10", "text": "needs, productivity, rents, energy, all"}, {"start": "00:06:08", "end": "00:06:11", "text": "that stuff, imports, expectations that"}, {"start": "00:06:10", "end": "00:06:13", "text": "can be very affected, especially with"}, {"start": "00:06:11", "end": "00:06:16", "text": "the war that's going on. Your wage does"}, {"start": "00:06:13", "end": "00:06:18", "text": "not reset because financial conditions"}, {"start": "00:06:16", "end": "00:06:20", "text": "around you are getting crazier and"}, {"start": "00:06:18", "end": "00:06:23", "text": "loosened on a Tuesday. Your paycheck's"}, {"start": "00:06:20", "end": "00:06:25", "text": "the same on a Friday. Economists call"}, {"start": "00:06:23", "end": "00:06:27", "text": "this the cantillian effect. This is"}, {"start": "00:06:25", "end": "00:06:29", "text": "where new money enters from somewhere"}, {"start": "00:06:27", "end": "00:06:32", "text": "and then people near the entry point can"}, {"start": "00:06:29", "end": "00:06:34", "text": "spend or invest before those prices"}, {"start": "00:06:32", "end": "00:06:36", "text": "fully actually develop and adjust. Now,"}, {"start": "00:06:34", "end": "00:06:39", "text": "everyone else gets the higher prices on"}, {"start": "00:06:36", "end": "00:06:40", "text": "the other end. And a raise that shows up"}, {"start": "00:06:39", "end": "00:06:43", "text": "later on, maybe months down the road, if"}, {"start": "00:06:40", "end": "00:06:46", "text": "it shows up at all, really hits a lot"}, {"start": "00:06:43", "end": "00:06:49", "text": "less. Inflation can also lighten the"}, {"start": "00:06:46", "end": "00:06:50", "text": "real weight of fixed nominal debt. And"}, {"start": "00:06:49", "end": "00:06:52", "text": "that is the real consequence in this"}, {"start": "00:06:50", "end": "00:06:54", "text": "downhill math. It's not proof of a"}, {"start": "00:06:52", "end": "00:06:56", "text": "secret plan behind every press"}, {"start": "00:06:54", "end": "00:06:58", "text": "conference that Trump or Bent is having."}, {"start": "00:06:56", "end": "00:07:01", "text": "This is the more sophisticated"}, {"start": "00:06:58", "end": "00:07:03", "text": "understanding of Bitcoin and why Bitcoin"}, {"start": "00:07:01", "end": "00:07:06", "text": "is a decent option in this environment."}, {"start": "00:07:03", "end": "00:07:08", "text": "Bitcoin is usually the cleanest liquid"}, {"start": "00:07:06", "end": "00:07:11", "text": "way to express looser financial"}, {"start": "00:07:08", "end": "00:07:14", "text": "conditions and see what's going on. Big,"}, {"start": "00:07:11", "end": "00:07:15", "text": "liquid, easy for institutions to own."}, {"start": "00:07:14", "end": "00:07:18", "text": "And oftent times you'll see Bitcoin"}, {"start": "00:07:15", "end": "00:07:20", "text": "react directly to major announcements"}, {"start": "00:07:18", "end": "00:07:23", "text": "from the Treasury general account"}, {"start": "00:07:20", "end": "00:07:25", "text": "expansion, from these repro expansions."}, {"start": "00:07:23", "end": "00:07:27", "text": "But altcoins need something much"}, {"start": "00:07:25", "end": "00:07:29", "text": "different. None of this acts as an"}, {"start": "00:07:27", "end": "00:07:32", "text": "altcoin signal. And alts need these"}, {"start": "00:07:29", "end": "00:07:35", "text": "three things. You need to see stable"}, {"start": "00:07:32", "end": "00:07:36", "text": "coin liquidity grow or turn over faster."}, {"start": "00:07:35", "end": "00:07:38", "text": "Stable coins are crypto's working"}, {"start": "00:07:36", "end": "00:07:41", "text": "capital and that is where the money"}, {"start": "00:07:38", "end": "00:07:44", "text": "weights, trades, and collateralizes."}, {"start": "00:07:41", "end": "00:07:47", "text": "Investors have to want more risk than a"}, {"start": "00:07:44", "end": "00:07:49", "text": "clean macro asset. Broad participation"}, {"start": "00:07:47", "end": "00:07:51", "text": "and not just one viral ticker kind of"}, {"start": "00:07:49", "end": "00:07:53", "text": "fly by the night meme that's dead from"}, {"start": "00:07:51", "end": "00:07:56", "text": "one week to the next. You also have to"}, {"start": "00:07:53", "end": "00:07:58", "text": "see a true capital rotation. Bitcoin"}, {"start": "00:07:56", "end": "00:08:00", "text": "strength has to spread to Ethereum. Once"}, {"start": "00:07:58", "end": "00:08:03", "text": "that occurs, liquid majors, then"}, {"start": "00:08:00", "end": "00:08:06", "text": "selective high beta names, receive the"}, {"start": "00:08:03", "end": "00:08:07", "text": "upswing from it. This is the Bitcoin"}, {"start": "00:08:06", "end": "00:08:09", "text": "dominance chart that I'm showing you"}, {"start": "00:08:07", "end": "00:08:11", "text": "right now. And as you can see, Bitcoin"}, {"start": "00:08:09", "end": "00:08:14", "text": "dominance has been in an uptrend for"}, {"start": "00:08:11", "end": "00:08:17", "text": "about 1,400 days. There's a lot of"}, {"start": "00:08:14", "end": "00:08:19", "text": "ground that these altcoins can take, but"}, {"start": "00:08:17", "end": "00:08:22", "text": "this is just one possible path and not a"}, {"start": "00:08:19", "end": "00:08:24", "text": "lot of physics. Without that major"}, {"start": "00:08:22", "end": "00:08:27", "text": "rotation, a liquidity story can stay a"}, {"start": "00:08:24", "end": "00:08:28", "text": "Bitcoin story only, and your altcoin bag"}, {"start": "00:08:27", "end": "00:08:30", "text": "can sit there looking quite educational,"}, {"start": "00:08:28", "end": "00:08:33", "text": "but very useless when it comes to making"}, {"start": "00:08:30", "end": "00:08:36", "text": "money. The true Trump altcoin setup, in"}, {"start": "00:08:33", "end": "00:08:38", "text": "plain English, is if the Treasury flows,"}, {"start": "00:08:36", "end": "00:08:41", "text": "reserve conditions, and private credit"}, {"start": "00:08:38", "end": "00:08:43", "text": "improve at the same time. And pair that"}, {"start": "00:08:41", "end": "00:08:46", "text": "with stable coin activity expanding, and"}, {"start": "00:08:43", "end": "00:08:49", "text": "risk appetite broadening, crypto and"}, {"start": "00:08:46", "end": "00:08:52", "text": "altcoins get a true tailwind. assets can"}, {"start": "00:08:49", "end": "00:08:54", "text": "repric before that macro data feels"}, {"start": "00:08:52", "end": "00:08:56", "text": "obvious. And we have seen these"}, {"start": "00:08:54", "end": "00:08:58", "text": "conditions come into confluence two"}, {"start": "00:08:56", "end": "00:09:00", "text": "times in recent history. And I'm going"}, {"start": "00:08:58", "end": "00:09:03", "text": "to show you exactly what I mean and what"}, {"start": "00:09:00", "end": "00:09:06", "text": "it means for altcoins. 2017, the first"}, {"start": "00:09:03", "end": "00:09:08", "text": "arrow and the secondary arrow in 2021"}, {"start": "00:09:06", "end": "00:09:10", "text": "represented all of these conditions"}, {"start": "00:09:08", "end": "00:09:12", "text": "coming into confluence. And the chart"}, {"start": "00:09:10", "end": "00:09:14", "text": "that you're looking at is the others to"}, {"start": "00:09:12", "end": "00:09:17", "text": "Bitcoin chart. This is all of the"}, {"start": "00:09:14", "end": "00:09:20", "text": "altcoins valued against Bitcoin that"}, {"start": "00:09:17", "end": "00:09:22", "text": "really have had two major impulses to"}, {"start": "00:09:20", "end": "00:09:24", "text": "the upside so far and are setting up a"}, {"start": "00:09:22", "end": "00:09:27", "text": "scenario for a breakout back to that"}, {"start": "00:09:24", "end": "00:09:29", "text": "upside over the next few years. Now,"}, {"start": "00:09:27", "end": "00:09:31", "text": "this explanation and this storyboard"}, {"start": "00:09:29", "end": "00:09:33", "text": "stays boring on purpose. You have to"}, {"start": "00:09:31", "end": "00:09:35", "text": "watch Treasury cash flows, watch why the"}, {"start": "00:09:33", "end": "00:09:37", "text": "Federal Reserve is buying and what it's"}, {"start": "00:09:35", "end": "00:09:40", "text": "actually buying. You have to watch bank"}, {"start": "00:09:37", "end": "00:09:41", "text": "credit, funding stress, stable coin"}, {"start": "00:09:40", "end": "00:09:44", "text": "supply and activity, and whether"}, {"start": "00:09:41", "end": "00:09:45", "text": "anything besides Bitcoin actually"}, {"start": "00:09:44", "end": "00:09:48", "text": "catches a bid from these conditions"}, {"start": "00:09:45", "end": "00:09:50", "text": "moving. Those do not confirm each other."}, {"start": "00:09:48", "end": "00:09:53", "text": "You do not have to force an altcoin"}, {"start": "00:09:50", "end": "00:09:55", "text": "season in your mind to become reality."}, {"start": "00:09:53", "end": "00:09:57", "text": "The amount of balance sheet support"}, {"start": "00:09:55", "end": "00:09:59", "text": "still in front of us is large enough"}, {"start": "00:09:57", "end": "00:10:01", "text": "that missing the entry point here is"}, {"start": "00:09:59", "end": "00:10:03", "text": "very, very expensive. And the government"}, {"start": "00:10:01", "end": "00:10:05", "text": "cash, bank created deposits, and Fed"}, {"start": "00:10:03", "end": "00:10:08", "text": "reserves move through different doors."}, {"start": "00:10:05", "end": "00:10:10", "text": "And you are going to see again markets"}, {"start": "00:10:08", "end": "00:10:13", "text": "can react before your wages do. Just as"}, {"start": "00:10:10", "end": "00:10:14", "text": "we saw the oil and gas price spike, you"}, {"start": "00:10:13", "end": "00:10:16", "text": "probably didn't get a raise when it"}, {"start": "00:10:14", "end": "00:10:19", "text": "happened. Crypto does not move as one"}, {"start": "00:10:16", "end": "00:10:21", "text": "block either. Bitcoin often gets that"}, {"start": "00:10:19", "end": "00:10:23", "text": "first bid. Altcoins need to receive"}, {"start": "00:10:21", "end": "00:10:25", "text": "their own proof. This is why you must"}, {"start": "00:10:23", "end": "00:10:27", "text": "know what you own, know what's going to"}, {"start": "00:10:25", "end": "00:10:30", "text": "confirm the rotation, and size the risk"}, {"start": "00:10:27", "end": "00:10:32", "text": "before the volatility comes back. The"}, {"start": "00:10:30", "end": "00:10:34", "text": "money moves first. Your edge is knowing"}, {"start": "00:10:32", "end": "00:10:36", "text": "where to look before your paycheck does."}, {"start": "00:10:34", "end": "00:10:38", "text": "And this quantitative easing title wave"}, {"start": "00:10:36", "end": "00:10:40", "text": "that does not send you a calendar invite"}, {"start": "00:10:38", "end": "00:10:42", "text": "when it's happening. And by the time the"}, {"start": "00:10:40", "end": "00:10:45", "text": "headline says liquidity is back, the"}, {"start": "00:10:42", "end": "00:10:47", "text": "first receivers have already moved by"}, {"start": "00:10:45", "end": "00:10:49", "text": "massive, massive amounts. If you want"}, {"start": "00:10:47", "end": "00:10:51", "text": "the map on why it still matters to not"}, {"start": "00:10:49", "end": "00:10:54", "text": "recap every trade that's gone wrong,"}, {"start": "00:10:51", "end": "00:10:56", "text": "that is what we build inside of Discover"}, {"start": "00:10:54", "end": "00:10:59", "text": "Crypto School. The flows, the rotation"}, {"start": "00:10:56", "end": "00:11:01", "text": "signals, the plan before the paycheck"}, {"start": "00:10:59", "end": "00:11:03", "text": "notices. This is higher level"}, {"start": "00:11:01", "end": "00:11:06", "text": "macroeconomic information paired with"}, {"start": "00:11:03", "end": "00:11:08", "text": "Bitcoin and the altcoin sector to make"}, {"start": "00:11:06", "end": "00:11:09", "text": "sure we can outsize our gains. Link is"}, {"start": "00:11:08", "end": "00:11:11", "text": "down below in the description. You can"}, {"start": "00:11:09", "end": "00:11:16", "text": "go check it out for free. You got to get"}, {"start": "00:11:11", "end": "00:11:16", "text": "ahead of this or get priced out by it."}]

[{"end": "00:00:06", "start": "00:00:00", "text": "Samsung just put a giant new door in"}, {"end": "00:00:09", "start": "00:00:03", "text": "front of stable coin adoption and Solana"}, {"end": "00:00:11", "start": "00:00:06", "text": "is busting that door wide open. Samsung"}, {"end": "00:00:13", "start": "00:00:09", "text": "in the [music] Samsung wallet will bring"}, {"end": "00:00:15", "start": "00:00:11", "text": "USDC functionality for eligible Galaxy"}, {"end": "00:00:17", "start": "00:00:13", "text": "users in the US [music]"}, {"end": "00:00:21", "start": "00:00:15", "text": "in the last week of October. The"}, {"end": "00:00:23", "start": "00:00:17", "text": "headline number is 82 million compatible"}, {"end": "00:00:25", "start": "00:00:21", "text": "Galaxy devices. And that is the"}, {"end": "00:00:27", "start": "00:00:23", "text": "potential immediate reach. Put Solana"}, {"end": "00:00:30", "start": "00:00:25", "text": "inside of mainstream consumer"}, {"end": "00:00:31", "start": "00:00:27", "text": "distribution immediately. This is the"}, {"end": "00:00:33", "start": "00:00:30", "text": "adoption advantage [music] that we're"}, {"end": "00:00:35", "start": "00:00:31", "text": "talking about in our last layer one"}, {"end": "00:00:37", "start": "00:00:33", "text": "video. Because the biggest barrier to"}, {"end": "00:00:39", "start": "00:00:35", "text": "crypto has never been whether the tech"}, {"end": "00:00:41", "start": "00:00:37", "text": "can move money. It can. The barrier is"}, {"end": "00:00:41", "start": "00:00:39", "text": "distribution. [music]"}, {"end": "00:00:46", "start": "00:00:42", "text": "Getting normal people to download the"}, {"end": "00:00:48", "start": "00:00:44", "text": "separate app, create a wallet and"}, {"end": "00:00:50", "start": "00:00:46", "text": "understand private keys, bridging assets"}, {"end": "00:00:52", "start": "00:00:48", "text": "and trusting the process along the way."}, {"end": "00:00:54", "start": "00:00:50", "text": "Most people do not want to do that and"}, {"end": "00:00:57", "start": "00:00:52", "text": "they should not have to. Samsung wallet"}, {"end": "00:00:59", "start": "00:00:54", "text": "is already where people expect to manage"}, {"end": "00:01:01", "start": "00:00:57", "text": "their payment tools and if stable coin"}, {"end": "00:01:03", "start": "00:00:59", "text": "transfers become a feature inside that"}, {"end": "00:01:05", "start": "00:01:01", "text": "already familiar device, crypto stops"}, {"end": "00:01:07", "start": "00:01:03", "text": "asking that user to become a crypto"}, {"end": "00:01:08", "start": "00:01:05", "text": "native first."}, {"end": "00:01:10", "start": "00:01:07", "text": ">> Samsung wallet will expand beyond cash"}, {"end": "00:01:12", "start": "00:01:08", "text": "and savings."}, {"end": "00:01:15", "start": "00:01:10", "text": "It will embrace new forms of digital"}, {"end": "00:01:16", "start": "00:01:12", "text": "value including stable coins."}, {"end": "00:01:18", "start": "00:01:15", "text": ">> [applause]"}, {"end": "00:01:20", "start": "00:01:16", "text": ">> This will make Samsung one of the first"}, {"end": "00:01:22", "start": "00:01:18", "text": "major mobile brands to bring native"}, {"end": "00:01:24", "start": "00:01:20", "text": "stable coins to a smartphone."}, {"end": "00:01:26", "start": "00:01:22", "text": ">> It sounds awesome but let's get precise"}, {"end": "00:01:29", "start": "00:01:24", "text": "about the Samsung announcement. Eligible"}, {"end": "00:01:31", "start": "00:01:26", "text": "US Galaxy users can register and verify"}, {"end": "00:01:34", "start": "00:01:29", "text": "their identity, set up biometrics and"}, {"end": "00:01:36", "start": "00:01:31", "text": "use USDC for compatible international"}, {"end": "00:01:38", "start": "00:01:34", "text": "crypto wallets and qualifying bank"}, {"end": "00:01:41", "start": "00:01:36", "text": "accounts in more than 60 countries."}, {"end": "00:01:43", "start": "00:01:38", "text": "Samsung says that Sui and Solana will"}, {"end": "00:01:45", "start": "00:01:41", "text": "provide infrastructure and blockchain"}, {"end": "00:01:47", "start": "00:01:43", "text": "network support. Bastion is providing"}, {"end": "00:01:50", "start": "00:01:45", "text": "the cross-border payment framework and"}, {"end": "00:01:51", "start": "00:01:47", "text": "Coinbase Prime Vault is the sub"}, {"end": "00:01:54", "start": "00:01:50", "text": "custodian. Now the launch is going to"}, {"end": "00:01:56", "start": "00:01:51", "text": "start with transfers. Samsung describes"}, {"end": "00:01:58", "start": "00:01:54", "text": "the online and in-store stable coin"}, {"end": "00:02:01", "start": "00:01:56", "text": "payments as future possibilities, the"}, {"end": "00:02:03", "start": "00:01:58", "text": "next step is bigger opportunity here,"}, {"end": "00:02:06", "start": "00:02:01", "text": "moving from a sending money movement"}, {"end": "00:02:08", "start": "00:02:03", "text": "home to paying for everyday purchases in"}, {"end": "00:02:10", "start": "00:02:06", "text": "our real lives. But, do not miss the"}, {"end": "00:02:12", "start": "00:02:08", "text": "bigger picture because these details"}, {"end": "00:02:14", "start": "00:02:10", "text": "matter. The rails are moving closer to"}, {"end": "00:02:17", "start": "00:02:12", "text": "the consumer now. That is where the next"}, {"end": "00:02:19", "start": "00:02:14", "text": "decade gets decided in these projects."}, {"end": "00:02:22", "start": "00:02:17", "text": "If you're sending value across borders"}, {"end": "00:02:24", "start": "00:02:19", "text": "today, you can still hit expensive fees,"}, {"end": "00:02:26", "start": "00:02:22", "text": "bad exchange rates, long delays, and"}, {"end": "00:02:28", "start": "00:02:24", "text": "strange operating hours among many"}, {"end": "00:02:31", "start": "00:02:26", "text": "middlemen in between point A and B."}, {"end": "00:02:33", "start": "00:02:28", "text": "Stablecoins promise something simpler."}, {"end": "00:02:35", "start": "00:02:31", "text": "Digital dollars can move globally all"}, {"end": "00:02:37", "start": "00:02:33", "text": "day, every day, and the winning product"}, {"end": "00:02:38", "start": "00:02:35", "text": "will make that feel ordinary. Samsung is"}, {"end": "00:02:41", "start": "00:02:37", "text": "trying to put that experience in a"}, {"end": "00:02:43", "start": "00:02:38", "text": "wallet people already recognize and use,"}, {"end": "00:02:46", "start": "00:02:41", "text": "and that is very, very bullish for"}, {"end": "00:02:48", "start": "00:02:43", "text": "Solana, not because every dollar of USDC"}, {"end": "00:02:50", "start": "00:02:46", "text": "magically becomes SOL demand, but"}, {"end": "00:02:53", "start": "00:02:48", "text": "because the distribution creates the"}, {"end": "00:02:55", "start": "00:02:50", "text": "chance for durable network. Distribution"}, {"end": "00:02:57", "start": "00:02:53", "text": "kicks that door open, but the repeat"}, {"end": "00:02:59", "start": "00:02:55", "text": "usage turns that access into a network"}, {"end": "00:03:00", "start": "00:02:57", "text": "effect. Now, here's the mistake a lot of"}, {"end": "00:03:02", "start": "00:02:59", "text": "people are going to make. They see the"}, {"end": "00:03:04", "start": "00:03:00", "text": "payment volume and immediately turn it"}, {"end": "00:03:06", "start": "00:03:02", "text": "into token price targets. That is not"}, {"end": "00:03:08", "start": "00:03:04", "text": "how this is going to work. You have to"}, {"end": "00:03:11", "start": "00:03:06", "text": "remember that the consumer is using and"}, {"end": "00:03:14", "start": "00:03:08", "text": "moving USC and not buying Solana"}, {"end": "00:03:16", "start": "00:03:11", "text": "directly. Samsung can sponsor or"}, {"end": "00:03:18", "start": "00:03:14", "text": "abstract the fees, and Solana's low fees"}, {"end": "00:03:21", "start": "00:03:16", "text": "are fantastic for utility, but they also"}, {"end": "00:03:23", "start": "00:03:18", "text": "mean a direct fee capture is very small"}, {"end": "00:03:25", "start": "00:03:21", "text": "here. Let me put the numbers on it."}, {"end": "00:03:27", "start": "00:03:23", "text": "Solana's documented base fee"}, {"end": "00:03:30", "start": "00:03:25", "text": "is 5,000 lamports. To put it in a"}, {"end": "00:03:33", "start": "00:03:27", "text": "context on how small that fee is, it's"}, {"end": "00:03:33", "start": "00:03:30", "text": "0.000005"}, {"end": "00:03:40", "start": "00:03:33", "text": "Solana per signature. And that's at a"}, {"end": "00:03:43", "start": "00:03:36", "text": "$116 Solana price token reference point,"}, {"end": "00:03:45", "start": "00:03:40", "text": "that is about 6 10,000ths of a dollar."}, {"end": "00:03:47", "start": "00:03:43", "text": "Half of the base fee is burned, and half"}, {"end": "00:03:50", "start": "00:03:45", "text": "goes to the validators. Now, we take a"}, {"end": "00:03:52", "start": "00:03:47", "text": "look at Worldpay's 2030 estimate for"}, {"end": "00:03:55", "start": "00:03:50", "text": "global in-store payment app volume,"}, {"end": "00:03:57", "start": "00:03:52", "text": "$15.6 trillion."}, {"end": "00:03:59", "start": "00:03:55", "text": "This is a defined ceiling for payment"}, {"end": "00:04:01", "start": "00:03:57", "text": "apps and not all mobile purchases, not a"}, {"end": "00:04:04", "start": "00:03:59", "text": "Solana forecast, and definitely not a"}, {"end": "00:04:07", "start": "00:04:01", "text": "market cap formula. Now, at 1% of that"}, {"end": "00:04:11", "start": "00:04:04", "text": "volume, you get $156 billion."}, {"end": "00:04:13", "start": "00:04:07", "text": "10% $1.56 trillion. And at 100%, an"}, {"end": "00:04:16", "start": "00:04:11", "text": "intentionally extreme thought"}, {"end": "00:04:19", "start": "00:04:13", "text": "experiment, $15.6 trillion."}, {"end": "00:04:22", "start": "00:04:16", "text": "If every transaction were at 50 bucks,"}, {"end": "00:04:25", "start": "00:04:19", "text": "everyone used one 5,000 lamport base fee"}, {"end": "00:04:29", "start": "00:04:22", "text": "transaction, even the 1% scenario"}, {"end": "00:04:31", "start": "00:04:25", "text": "produces about $1.81 million in annual"}, {"end": "00:04:35", "start": "00:04:29", "text": "base fees at a $116 price point for"}, {"end": "00:04:37", "start": "00:04:31", "text": "Solana. With about $904,000"}, {"end": "00:04:40", "start": "00:04:35", "text": "of that being burned, 10% gets you about"}, {"end": "00:04:44", "start": "00:04:37", "text": "$18.1 million in base fees. That's an"}, {"end": "00:04:46", "start": "00:04:40", "text": "absurd 100% thought experiment gets you"}, {"end": "00:04:49", "start": "00:04:44", "text": "to 181 million. Is this useful for"}, {"end": "00:04:51", "start": "00:04:46", "text": "potentials? Sure. But should I use this"}, {"end": "00:04:53", "start": "00:04:49", "text": "as a justification for a trillion-dollar"}, {"end": "00:04:56", "start": "00:04:51", "text": "sole value? Absolutely not. This is not"}, {"end": "00:04:59", "start": "00:04:53", "text": "bearish, it is the actual bull case. The"}, {"end": "00:05:01", "start": "00:04:56", "text": "value capture path here is not USDC"}, {"end": "00:05:04", "start": "00:04:59", "text": "moving to Solana. The value capture path"}, {"end": "00:05:06", "start": "00:05:01", "text": "is not USDC moves from sole instantly"}, {"end": "00:05:08", "start": "00:05:04", "text": "and captures those same dollars."}, {"end": "00:05:10", "start": "00:05:06", "text": "The value capture here is Solana wins"}, {"end": "00:05:12", "start": "00:05:08", "text": "the routing, liquidity deepens, and apps"}, {"end": "00:05:13", "start": "00:05:10", "text": "get built where the users are. The"}, {"end": "00:05:15", "start": "00:05:12", "text": "developers follow the usage and then"}, {"end": "00:05:17", "start": "00:05:13", "text": "merchants and wallets begin to"}, {"end": "00:05:19", "start": "00:05:15", "text": "integrate. Reliability begins to be"}, {"end": "00:05:21", "start": "00:05:17", "text": "proven at scale and then the network"}, {"end": "00:05:23", "start": "00:05:19", "text": "becomes strategically important. The"}, {"end": "00:05:25", "start": "00:05:21", "text": "market assigns a higher network premium"}, {"end": "00:05:27", "start": "00:05:23", "text": "to that future. That is a much bigger"}, {"end": "00:05:30", "start": "00:05:25", "text": "opportunity than just fee revenue alone."}, {"end": "00:05:33", "start": "00:05:27", "text": "It's also harder to earn. So, what could"}, {"end": "00:05:36", "start": "00:05:30", "text": "Solana be worth by 2030 if that global"}, {"end": "00:05:38", "start": "00:05:33", "text": "network thesis continues to play out?"}, {"end": "00:05:40", "start": "00:05:36", "text": "Here are three conditional validations,"}, {"end": "00:05:43", "start": "00:05:38", "text": "separate from those payment share"}, {"end": "00:05:45", "start": "00:05:40", "text": "examples I gave you, using a rounded 700"}, {"end": "00:05:47", "start": "00:05:43", "text": "million Solana total supply assumption"}, {"end": "00:05:49", "start": "00:05:45", "text": "as the model denominator here. It's"}, {"end": "00:05:52", "start": "00:05:47", "text": "important to note that what I'm about to"}, {"end": "00:05:55", "start": "00:05:49", "text": "say is not a supply prediction. A $250"}, {"end": "00:05:57", "start": "00:05:52", "text": "billion network valuation implies around"}, {"end": "00:06:02", "start": "00:05:55", "text": "a $357"}, {"end": "00:06:06", "start": "00:05:57", "text": "Solana token. $500 value implies $714"}, {"end": "00:06:09", "start": "00:06:02", "text": "to $717 a unit. And the golden goose"}, {"end": "00:06:14", "start": "00:06:06", "text": "level of a trillion dollar Solana market"}, {"end": "00:06:16", "start": "00:06:09", "text": "cap brings you to a crazy level of $1458"}, {"end": "00:06:18", "start": "00:06:14", "text": "per unit. That trillion dollar case"}, {"end": "00:06:21", "start": "00:06:16", "text": "would require Solana to become much more"}, {"end": "00:06:23", "start": "00:06:18", "text": "than a cheap payments pipeline. It would"}, {"end": "00:06:25", "start": "00:06:21", "text": "mean that the market values the entire"}, {"end": "00:06:28", "start": "00:06:23", "text": "settlement and application ecosystem at"}, {"end": "00:06:30", "start": "00:06:25", "text": "that scale looking forward. And those"}, {"end": "00:06:32", "start": "00:06:28", "text": "are conditional value scenarios. They do"}, {"end": "00:06:34", "start": "00:06:30", "text": "not come from multiplying payment volume"}, {"end": "00:06:36", "start": "00:06:32", "text": "to some magic number. They require the"}, {"end": "00:06:39", "start": "00:06:34", "text": "market to believe that Solana has become"}, {"end": "00:06:42", "start": "00:06:36", "text": "a durable, high-value global settlement"}, {"end": "00:06:44", "start": "00:06:39", "text": "app and a network. Samsung news that"}, {"end": "00:06:46", "start": "00:06:42", "text": "came out matters very much because this"}, {"end": "00:06:48", "start": "00:06:44", "text": "actually makes that future more"}, {"end": "00:06:50", "start": "00:06:46", "text": "imaginable, more tangible. And a huge"}, {"end": "00:06:53", "start": "00:06:48", "text": "consumer platform acknowledging that"}, {"end": "00:06:56", "start": "00:06:50", "text": "stablecoins belong in mainstream payment"}, {"end": "00:06:58", "start": "00:06:53", "text": "means that Solana is being named in that"}, {"end": "00:07:00", "start": "00:06:56", "text": "future rail."}, {"end": "00:07:03", "start": "00:06:58", "text": "And this is now positioned Solana to"}, {"end": "00:07:05", "start": "00:07:00", "text": "compete for actual consumer activity in"}, {"end": "00:07:08", "start": "00:07:03", "text": "the world that we know in real life, not"}, {"end": "00:07:10", "start": "00:07:05", "text": "just our cryptographic dreamland. Beyond"}, {"end": "00:07:12", "start": "00:07:08", "text": "traders moving tokens between exchanges"}, {"end": "00:07:15", "start": "00:07:10", "text": "and all of the meme coin activity. So,"}, {"end": "00:07:18", "start": "00:07:12", "text": "what should we watch after this launch?"}, {"end": "00:07:19", "start": "00:07:15", "text": "Not necessarily the 82 million Galaxy"}, {"end": "00:07:21", "start": "00:07:18", "text": "device headline. You have to watch the"}, {"end": "00:07:24", "start": "00:07:19", "text": "funded accounts. Watch repeated"}, {"end": "00:07:26", "start": "00:07:21", "text": "transfers. Watch its network growth. And"}, {"end": "00:07:28", "start": "00:07:24", "text": "watch whether the flows actually route"}, {"end": "00:07:30", "start": "00:07:26", "text": "back through Solana. Most importantly,"}, {"end": "00:07:32", "start": "00:07:28", "text": "we have to watch whether this product"}, {"end": "00:07:35", "start": "00:07:30", "text": "works when the marketing campaign is"}, {"end": "00:07:38", "start": "00:07:32", "text": "over. My previous story about L1"}, {"end": "00:07:40", "start": "00:07:35", "text": "extinction is about why most chains will"}, {"end": "00:07:41", "start": "00:07:38", "text": "struggle to matter."}, {"end": "00:07:43", "start": "00:07:40", "text": "This is a follow-up to that. The"}, {"end": "00:07:45", "start": "00:07:41", "text": "survivors will not just win because"}, {"end": "00:07:48", "start": "00:07:43", "text": "they're fast. They will win because they"}, {"end": "00:07:49", "start": "00:07:45", "text": "become invincible infrastructure for"}, {"end": "00:07:53", "start": "00:07:48", "text": "products that people are already used to"}, {"end": "00:07:55", "start": "00:07:49", "text": "using. Samsung just made that race a lot"}, {"end": "00:07:57", "start": "00:07:53", "text": "more real. And if you want to get the"}, {"end": "00:08:00", "start": "00:07:55", "text": "full investing plan, join our school,"}, {"end": "00:08:02", "start": "00:07:57", "text": "Discover Crypto School. And I also want"}, {"end": "00:08:04", "start": "00:08:00", "text": "to know what you think down in the"}, {"end": "00:08:06", "start": "00:08:02", "text": "comments below. What do you think comes"}, {"end": "00:08:10", "start": "00:08:04", "text": "first? Stablecoins becoming normal for"}, {"end": "00:08:12", "start": "00:08:06", "text": "sending money overseas or paying at your"}, {"end": "00:08:13", "start": "00:08:10", "text": "local grocery store for your next set of"}, {"end": "00:08:15", "start": "00:08:12", "text": "groceries and what you're going to eat"}, {"end": "00:08:18", "start": "00:08:13", "text": "that week. Things are moving fast and"}, {"end": "00:08:22", "start": "00:08:15", "text": "it's important to stay in the know. I'll"}, {"end": "00:08:22", "start": "00:08:18", "text": "see you on the next episode."}]

[{"end": "00:00:04", "start": "00:00:00", "text": "Price [laughter]"}, {"end": "00:00:07", "start": "00:00:02", "text": "go up [music and singing] now where you"}, {"end": "00:00:11", "start": "00:00:04", "text": "burn."}, {"end": "00:00:16", "start": "00:00:07", "text": "Still no lesson learns"}, {"end": "00:00:16", "start": "00:00:11", "text": "turn. Bitcoin rise. Beers get burned."}, {"end": "00:00:22", "start": "00:00:18", "text": "Whoa. There we are. Welcome to Discover"}, {"end": "00:00:24", "start": "00:00:20", "text": "Crypto. It's been a heck of a morning,"}, {"end": "00:00:25", "start": "00:00:22", "text": "folks. Got to be honest. I'm going"}, {"end": "00:00:29", "start": "00:00:24", "text": "through it right now. The markets are"}, {"end": "00:00:31", "start": "00:00:25", "text": "red. The markets are red. And the Braves"}, {"end": "00:00:33", "start": "00:00:29", "text": "just broke my heart last night."}, {"end": "00:00:36", "start": "00:00:31", "text": "Absolutely ridiculous. Terrible showing"}, {"end": "00:00:38", "start": "00:00:33", "text": "at the Braves against the Dodgers. It is"}, {"end": "00:00:40", "start": "00:00:36", "text": "what it is. But the more important thing"}, {"end": "00:00:43", "start": "00:00:38", "text": "is what's on sale. And some great crypto"}, {"end": "00:00:46", "start": "00:00:40", "text": "projects are on sale right now. It's"}, {"end": "00:00:48", "start": "00:00:43", "text": "going to be a lot of uh online shopping"}, {"end": "00:00:51", "start": "00:00:46", "text": "I'm going to be doing in public today in"}, {"end": "00:00:54", "start": "00:00:48", "text": "the cryptocurrency realm. And I also"}, {"end": "00:00:56", "start": "00:00:51", "text": "have a lot of news to go over with this"}, {"end": "00:00:59", "start": "00:00:54", "text": "massive warning that came out yesterday"}, {"end": "00:01:02", "start": "00:00:56", "text": "from some cryptographic researchers"}, {"end": "00:01:04", "start": "00:00:59", "text": "warning about are your crypto assets"}, {"end": "00:01:08", "start": "00:01:02", "text": "even really safe. We're going to d"}, {"end": "00:01:09", "start": "00:01:04", "text": "divulge into all this and should we be"}, {"end": "00:01:11", "start": "00:01:08", "text": "concerned? Right. There is a lot of"}, {"end": "00:01:15", "start": "00:01:09", "text": "warning shots going across the board"}, {"end": "00:01:17", "start": "00:01:11", "text": "here and I'm joined here by a man who"}, {"end": "00:01:19", "start": "00:01:15", "text": "actually used to play pingpong"}, {"end": "00:01:21", "start": "00:01:17", "text": "apparently with the man that took us"}, {"end": "00:01:22", "start": "00:01:19", "text": "out. TJ, how are you?"}, {"end": "00:01:25", "start": "00:01:21", "text": ">> Yeah, we're talking about that. I'm"}, {"end": "00:01:27", "start": "00:01:22", "text": "doing good. Happy to be here. Um, yeah,"}, {"end": "00:01:29", "start": "00:01:25", "text": "Freddy Freeman used to be or it kind of"}, {"end": "00:01:30", "start": "00:01:27", "text": "sort of is a loose friend of the family."}, {"end": "00:01:33", "start": "00:01:29", "text": "Uh, used to know his wife back in the"}, {"end": "00:01:35", "start": "00:01:30", "text": "day, but uh yeah, happy to be here."}, {"end": "00:01:37", "start": "00:01:33", "text": "Happy to be uh alive. Beautiful weather"}, {"end": "00:01:39", "start": "00:01:35", "text": "out here in Georgia by the way. I I"}, {"end": "00:01:41", "start": "00:01:37", "text": "don't know. Well, I'm just curious. Does"}, {"end": "00:01:43", "start": "00:01:39", "text": "anybody have a favorite season? Cuz I'm"}, {"end": "00:01:45", "start": "00:01:41", "text": "thinking fall is pretty darn close to my"}, {"end": "00:01:47", "start": "00:01:43", "text": "favorite season. I generally like all of"}, {"end": "00:01:49", "start": "00:01:45", "text": "them. I like the change, but man, it's"}, {"end": "00:01:53", "start": "00:01:47", "text": "beautiful sun, perfect weather, leaves"}, {"end": "00:01:56", "start": "00:01:49", "text": "changing, football's back. Uh so, yeah,"}, {"end": "00:01:58", "start": "00:01:53", "text": "feeling feeling good. Happy to be here."}, {"end": "00:02:01", "start": "00:01:56", "text": "And yeah, we're happy to talk about the"}, {"end": "00:02:03", "start": "00:01:58", "text": "uh the doomerism that's out there. Uh I"}, {"end": "00:02:05", "start": "00:02:01", "text": "guess I'll be the we'll get into it. We"}, {"end": "00:02:08", "start": "00:02:03", "text": "got a lot to look at. Obviously, coins"}, {"end": "00:02:10", "start": "00:02:05", "text": "up, all that sort of stuff. Uh, oh, we"}, {"end": "00:02:13", "start": "00:02:08", "text": "got we got some feisties in the chat."}, {"end": "00:02:15", "start": "00:02:10", "text": "What? What? Please, Tiny Tim, Mr. Tiny"}, {"end": "00:02:17", "start": "00:02:13", "text": "Man, please uh"}, {"end": "00:02:20", "start": "00:02:15", "text": ">> please educate me on what I need to"}, {"end": "00:02:20", "start": "00:02:17", "text": "learn. You obviously came in here to"}, {"end": "00:02:23", "start": "00:02:20", "text": "fight. So,"}, {"end": "00:02:26", "start": "00:02:20", "text": ">> listen, we I mean, he needs TJ needs to"}, {"end": "00:02:30", "start": "00:02:23", "text": "learn how to handle his multiple bull"}, {"end": "00:02:32", "start": "00:02:26", "text": "markets of bags that are, you know,"}, {"end": "00:02:34", "start": "00:02:30", "text": "basically much larger than Yeah, that's"}, {"end": "00:02:35", "start": "00:02:32", "text": "the thing. It's like it's incredible to"}, {"end": "00:02:38", "start": "00:02:34", "text": "hear about how we need to learn how to"}, {"end": "00:02:40", "start": "00:02:35", "text": "do things in crypto when we've been"}, {"end": "00:02:41", "start": "00:02:38", "text": "through this market like what like on"}, {"end": "00:02:43", "start": "00:02:40", "text": "our third bare"}, {"end": "00:02:46", "start": "00:02:41", "text": ">> Oh, his answer was what I need to learn"}, {"end": "00:02:46", "start": "00:02:43", "text": "is I've never made [laughter]"}, {"end": "00:02:52", "start": "00:02:47", "text": ">> you. You got me. Nailed me. All right, I"}, {"end": "00:02:54", "start": "00:02:50", "text": "guess I'll just go back to my job."}, {"end": "00:02:56", "start": "00:02:52", "text": ">> Dude, I need that baba bow now noise."}, {"end": "00:02:58", "start": "00:02:54", "text": "Now, let's go look at the crypto market"}, {"end": "00:03:01", "start": "00:02:56", "text": "right now because I'm very very excited."}, {"end": "00:03:02", "start": "00:02:58", "text": "Um, essentially we come back down to a"}, {"end": "00:03:06", "start": "00:03:01", "text": "50 on the fear and greed level and a"}, {"end": "00:03:09", "start": "00:03:02", "text": "$2.8 trillion market got flat. Bitcoin"}, {"end": "00:03:13", "start": "00:03:06", "text": "is sitting, it did do a liquidity snatch"}, {"end": "00:03:15", "start": "00:03:09", "text": "down to the I believe high $81,000 mark"}, {"end": "00:03:18", "start": "00:03:13", "text": "early this morning as the early trading"}, {"end": "00:03:20", "start": "00:03:15", "text": "hours started up. A lot of liquidity was"}, {"end": "00:03:22", "start": "00:03:18", "text": "grabbed by Bitcoin, but it is showing"}, {"end": "00:03:25", "start": "00:03:20", "text": "some interesting buoyancy around the"}, {"end": "00:03:27", "start": "00:03:22", "text": "bottom end of its channel and the top"}, {"end": "00:03:29", "start": "00:03:25", "text": "end of a previous pump to moment and a"}, {"end": "00:03:32", "start": "00:03:27", "text": "vibe check that I was talking about"}, {"end": "00:03:34", "start": "00:03:29", "text": "having for the last few weeks even in a"}, {"end": "00:03:37", "start": "00:03:32", "text": "bullish environment. So you can see this"}, {"end": "00:03:41", "start": "00:03:34", "text": "green line goes across it perfectly, but"}, {"end": "00:03:44", "start": "00:03:37", "text": "have now tapped back in to this original"}, {"end": "00:03:46", "start": "00:03:41", "text": "pump to moment and a secondary pump to"}, {"end": "00:03:48", "start": "00:03:44", "text": "moment which I'm hoping over the course"}, {"end": "00:03:51", "start": "00:03:46", "text": "of the next few days we can prove as"}, {"end": "00:03:54", "start": "00:03:48", "text": "support on the 4hour. It doesn't look"}, {"end": "00:03:56", "start": "00:03:51", "text": "too bad. Um the 4 hour doesn't look too"}, {"end": "00:03:58", "start": "00:03:54", "text": "bad right now. The daily is the thing"}, {"end": "00:04:00", "start": "00:03:56", "text": "that still got me concerned in terms of"}, {"end": "00:04:03", "start": "00:03:58", "text": "money flowing into the downside. So, I'm"}, {"end": "00:04:05", "start": "00:04:00", "text": "gonna see how deep we have to go into"}, {"end": "00:04:07", "start": "00:04:03", "text": "this uh previous pump to moment two"}, {"end": "00:04:08", "start": "00:04:05", "text": "times over again to see."}, {"end": "00:04:11", "start": "00:04:07", "text": ">> All right. Did you have you been messing"}, {"end": "00:04:12", "start": "00:04:08", "text": "with your audio again?"}, {"end": "00:04:13", "start": "00:04:11", "text": ">> No."}, {"end": "00:04:15", "start": "00:04:12", "text": ">> No. All right. It's getting It's now"}, {"end": "00:04:18", "start": "00:04:13", "text": "It's actually choppy than I can hear."}, {"end": "00:04:21", "start": "00:04:15", "text": "So, um maybe just jiggle the cord on the"}, {"end": "00:04:22", "start": "00:04:18", "text": "bottom of your Yeah. Right there."}, {"end": "00:04:24", "start": "00:04:21", "text": ">> No. No. I didn't mess with it. I didn't"}, {"end": "00:04:24", "start": "00:04:22", "text": "touch anything."}, {"end": "00:04:26", "start": "00:04:24", "text": ">> Oh,"}, {"end": "00:04:27", "start": "00:04:24", "text": ">> okay. Okay."}, {"end": "00:04:30", "start": "00:04:26", "text": "We think sometimes we think it's"}, {"end": "00:04:31", "start": "00:04:27", "text": "Streamyard a little bit, but um because"}, {"end": "00:04:32", "start": "00:04:30", "text": "we can't figure it out. It goes from"}, {"end": "00:04:34", "start": "00:04:31", "text": "choppy to not. But anyway, keep going."}, {"end": "00:04:35", "start": "00:04:32", "text": "Go ahead. Sorry. It's definitely Some"}, {"end": "00:04:37", "start": "00:04:34", "text": "people say it sounds good. Some people"}, {"end": "00:04:39", "start": "00:04:35", "text": "says it's a little but I'm getting I'm"}, {"end": "00:04:42", "start": "00:04:37", "text": "on the very choppy section. Maybe"}, {"end": "00:04:43", "start": "00:04:39", "text": "everybody refresh. Uh maybe try that."}, {"end": "00:04:46", "start": "00:04:42", "text": "That might help. So"}, {"end": "00:04:49", "start": "00:04:43", "text": ">> yeah. So basically"}, {"end": "00:04:51", "start": "00:04:46", "text": "this week, the weekend is going to prove"}, {"end": "00:04:54", "start": "00:04:49", "text": "if we have to go back down to 77. If we"}, {"end": "00:04:56", "start": "00:04:51", "text": "see a solid bounce off of the top end of"}, {"end": "00:04:59", "start": "00:04:54", "text": "these candles in the beginning of this"}, {"end": "00:05:02", "start": "00:04:56", "text": "volume, I think we'll be ready to go"}, {"end": "00:05:05", "start": "00:04:59", "text": "back honestly up to the uh top of this"}, {"end": "00:05:07", "start": "00:05:02", "text": "volume uh volume profile or the fixed"}, {"end": "00:05:10", "start": "00:05:05", "text": "range volume profile. It got me thinking"}, {"end": "00:05:12", "start": "00:05:07", "text": "of sound. I got rid of the sound demon"}, {"end": "00:05:14", "start": "00:05:10", "text": ">> for like Yeah, for a couple days, but it"}, {"end": "00:05:19", "start": "00:05:12", "text": "it is what it is. Just keep going."}, {"end": "00:05:21", "start": "00:05:14", "text": ">> Okay. Now, what I have here is a general"}, {"end": "00:05:23", "start": "00:05:19", "text": "idea that it bounced off of the lower"}, {"end": "00:05:26", "start": "00:05:21", "text": "end of this"}, {"end": "00:05:28", "start": "00:05:23", "text": "uh fixed range volume profile after"}, {"end": "00:05:30", "start": "00:05:26", "text": "doing the liquidity snatch. The"}, {"end": "00:05:33", "start": "00:05:28", "text": "liquidity was grabbed early this morning"}, {"end": "00:05:35", "start": "00:05:30", "text": "for the uh short-term longs. They did"}, {"end": "00:05:37", "start": "00:05:33", "text": "feel some pain here, but they keep"}, {"end": "00:05:40", "start": "00:05:35", "text": "hammering it, man. There's there's food"}, {"end": "00:05:42", "start": "00:05:37", "text": "keep handed over to these bears as the"}, {"end": "00:05:44", "start": "00:05:40", "text": "longs keep coming in. Let's look at the"}, {"end": "00:05:46", "start": "00:05:42", "text": "48 hour time frame."}, {"end": "00:05:48", "start": "00:05:44", "text": "Let's see here. Now, see, on the 48"}, {"end": "00:05:50", "start": "00:05:46", "text": "hour, it's a lot cleaner. On the 48"}, {"end": "00:05:52", "start": "00:05:48", "text": "hour, you can kind of see what I'm"}, {"end": "00:05:54", "start": "00:05:50", "text": "talking about here. A good amount of"}, {"end": "00:05:57", "start": "00:05:52", "text": "those longs had gotten clipped early"}, {"end": "00:05:58", "start": "00:05:54", "text": "this morning. And there was a lot of"}, {"end": "00:06:01", "start": "00:05:57", "text": "downward pressure. A couple things"}, {"end": "00:06:04", "start": "00:05:58", "text": "happened. So, Brent crude rose above"}, {"end": "00:06:06", "start": "00:06:01", "text": "$105 a barrel on reports that President"}, {"end": "00:06:09", "start": "00:06:04", "text": "Trump is considering resuming major"}, {"end": "00:06:11", "start": "00:06:06", "text": "combat operations in Iran. We had a"}, {"end": "00:06:13", "start": "00:06:09", "text": "massive outflow on Bitcoin ETFs"}, {"end": "00:06:15", "start": "00:06:11", "text": "yesterday as well. half a billion"}, {"end": "00:06:20", "start": "00:06:13", "text": "dollars left the party. Very large"}, {"end": "00:06:23", "start": "00:06:15", "text": "outflow candle here. So, we have seen"}, {"end": "00:06:24", "start": "00:06:20", "text": "this level of outflows, but it's been a"}, {"end": "00:06:28", "start": "00:06:23", "text": "while. It's been a while since we've"}, {"end": "00:06:30", "start": "00:06:24", "text": "seen over 470 mil, honestly. Let's keep"}, {"end": "00:06:33", "start": "00:06:28", "text": "going back and see where it's been. It's"}, {"end": "00:06:36", "start": "00:06:30", "text": "been forever ago. God damn. I mean, it's"}, {"end": "00:06:37", "start": "00:06:33", "text": "been a couple months since we've seen an"}, {"end": "00:06:42", "start": "00:06:36", "text": "outflow this level. The last one that"}, {"end": "00:06:44", "start": "00:06:37", "text": "was this big was about June 26th of uh"}, {"end": "00:06:47", "start": "00:06:42", "text": "2026. So, it's been a few months since"}, {"end": "00:06:49", "start": "00:06:44", "text": "we've seen level of exit on the Bitcoin"}, {"end": "00:06:52", "start": "00:06:47", "text": "ETF. So, now on the weekly time frame,"}, {"end": "00:06:54", "start": "00:06:49", "text": "we're actually in the red. So, this is"}, {"end": "00:06:56", "start": "00:06:52", "text": "something very interesting to see. A lot"}, {"end": "00:07:00", "start": "00:06:54", "text": "of warnings had come out yesterday. An"}, {"end": "00:07:03", "start": "00:06:56", "text": "Ethereum researcher warned that AI could"}, {"end": "00:07:04", "start": "00:07:00", "text": "hack Bitcoin and Ethereum wallets soon."}, {"end": "00:07:07", "start": "00:07:03", "text": "Not the first time the warning like this"}, {"end": "00:07:10", "start": "00:07:04", "text": "has spread fear across crypto. In March,"}, {"end": "00:07:12", "start": "00:07:07", "text": "Quantum Google AI or Google Quantum AI"}, {"end": "00:07:14", "start": "00:07:10", "text": "published a paper estimating that"}, {"end": "00:07:17", "start": "00:07:12", "text": "breaking cryptography behind Bitcoin and"}, {"end": "00:07:20", "start": "00:07:14", "text": "Ethereum would need fewer than 500,000"}, {"end": "00:07:22", "start": "00:07:17", "text": "physical cubits, about 20 times fewer"}, {"end": "00:07:25", "start": "00:07:20", "text": "than earlier estimates. Justin Drake of"}, {"end": "00:07:28", "start": "00:07:22", "text": "Ethereum Foundation co-authored a paper."}, {"end": "00:07:30", "start": "00:07:25", "text": "He put at least 10% odds on a quantum"}, {"end": "00:07:33", "start": "00:07:28", "text": "computer recovery of a private key by"}, {"end": "00:07:35", "start": "00:07:30", "text": "2032. That warning was about quantum"}, {"end": "00:07:39", "start": "00:07:33", "text": "computers and the new warning yesterday"}, {"end": "00:07:43", "start": "00:07:35", "text": "is about AI. Aqua 6, OpenAI published"}, {"end": "00:07:45", "start": "00:07:39", "text": "722 math papers from a model it has not"}, {"end": "00:07:50", "start": "00:07:43", "text": "released yet. And the next day, Drake"}, {"end": "00:07:52", "start": "00:07:45", "text": "posted AI math could break ECDSA,"}, {"end": "00:07:55", "start": "00:07:50", "text": "the signature method behind Bitcoin and"}, {"end": "00:07:59", "start": "00:07:52", "text": "Ethereum in the worst case within a few"}, {"end": "00:08:02", "start": "00:07:55", "text": "months. So, this has a lot of people"}, {"end": "00:08:05", "start": "00:07:59", "text": "talking and you know, I talked to TJ"}, {"end": "00:08:07", "start": "00:08:02", "text": "about this the moment that it came out"}, {"end": "00:08:09", "start": "00:08:05", "text": "and"}, {"end": "00:08:12", "start": "00:08:07", "text": "really, you know, the the original post"}, {"end": "00:08:15", "start": "00:08:09", "text": "from Justin Drake has a lot of people"}, {"end": "00:08:18", "start": "00:08:12", "text": "talking. It has a lot of people talking."}, {"end": "00:08:21", "start": "00:08:15", "text": "Oh my god, I'm paying attention. See, so"}, {"end": "00:08:24", "start": "00:08:18", "text": "this is this is just plugged in. I"}, {"end": "00:08:26", "start": "00:08:21", "text": "skipped the whole I skipped the whole"}, {"end": "00:08:27", "start": "00:08:24", "text": "soundboard."}, {"end": "00:08:29", "start": "00:08:26", "text": ">> I think it's more Streamyard and I want"}, {"end": "00:08:32", "start": "00:08:27", "text": "I I wonder if it's because we're in that"}, {"end": "00:08:33", "start": "00:08:29", "text": "single studio, but it's getting better."}, {"end": "00:08:35", "start": "00:08:32", "text": "I think it's getting better. It feels a"}, {"end": "00:08:37", "start": "00:08:33", "text": "lot more like latency and lag than chord"}, {"end": "00:08:37", "start": "00:08:35", "text": "chord related. So,"}, {"end": "00:08:40", "start": "00:08:37", "text": ">> okay."}, {"end": "00:08:42", "start": "00:08:37", "text": ">> Um, but yeah, let's Yeah. So, this"}, {"end": "00:08:44", "start": "00:08:40", "text": "Justin Drake thing because this is"}, {"end": "00:08:46", "start": "00:08:42", "text": "obviously very viral if you guys are"}, {"end": "00:08:47", "start": "00:08:44", "text": "paying attention. I mean, I think a lot"}, {"end": "00:08:49", "start": "00:08:46", "text": "of you guys have heard of this. I mean,"}, {"end": "00:08:50", "start": "00:08:47", "text": "what does Grock say? Did Grock respond"}, {"end": "00:08:51", "start": "00:08:49", "text": "to this? Is that what you're getting"}, {"end": "00:08:52", "start": "00:08:50", "text": "into?"}, {"end": "00:08:54", "start": "00:08:51", "text": ">> Uh, well, yeah. I mean, it was kind of"}, {"end": "00:08:58", "start": "00:08:52", "text": "funny. Confucious came in. Grock, are we"}, {"end": "00:09:02", "start": "00:08:54", "text": "doomed? No, not doomed. Classical ESDCI"}, {"end": "00:09:04", "start": "00:08:58", "text": "break has appeared in open AI results"}, {"end": "00:09:07", "start": "00:09:02", "text": "and elsewhere. But the math advances are"}, {"end": "00:09:09", "start": "00:09:04", "text": "real and justify column preparation."}, {"end": "00:09:12", "start": "00:09:07", "text": "Large holders moving never used"}, {"end": "00:09:14", "start": "00:09:09", "text": "addresses is lowcost insurance. Smaller"}, {"end": "00:09:17", "start": "00:09:12", "text": "ones have time and hashbased schemes"}, {"end": "00:09:21", "start": "00:09:14", "text": "remain solid long-term path. So, you"}, {"end": "00:09:22", "start": "00:09:17", "text": "know, it was some calming effect that"}, {"end": "00:09:24", "start": "00:09:21", "text": "Gro had put in."}, {"end": "00:09:26", "start": "00:09:22", "text": ">> And let me summarize it just, you know,"}, {"end": "00:09:29", "start": "00:09:24", "text": "like you said, it was a long post, very"}, {"end": "00:09:30", "start": "00:09:26", "text": "heavy. Vitalic also had a long one here"}, {"end": "00:09:32", "start": "00:09:29", "text": "that we could read. I mean, if you look"}, {"end": "00:09:34", "start": "00:09:30", "text": "at his I mean, you know, his breakdown"}, {"end": "00:09:37", "start": "00:09:32", "text": "of it. Um"}, {"end": "00:09:37", "start": "00:09:34", "text": "it's"}, {"end": "00:09:41", "start": "00:09:38", "text": "it's I think it's a little alarmist the"}, {"end": "00:09:43", "start": "00:09:40", "text": "way some people are reacting to it, but"}, {"end": "00:09:47", "start": "00:09:41", "text": "effectively what they're talking about"}, {"end": "00:09:48", "start": "00:09:43", "text": "is the way uh addresses work. Obviously"}, {"end": "00:09:51", "start": "00:09:47", "text": "a lot of you know you have a public key"}, {"end": "00:09:52", "start": "00:09:48", "text": "and a private key. you've and for a long"}, {"end": "00:09:55", "start": "00:09:51", "text": "time you've been able to expose the"}, {"end": "00:09:58", "start": "00:09:52", "text": "public key and then you keep the private"}, {"end": "00:09:59", "start": "00:09:55", "text": "key and now they're saying theor"}, {"end": "00:10:02", "start": "00:09:58", "text": "potentially and there's really this is"}, {"end": "00:10:04", "start": "00:09:59", "text": "really based on nothing other than like"}, {"end": "00:10:06", "start": "00:10:02", "text": "open AI has been making some huge leaps"}, {"end": "00:10:08", "start": "00:10:04", "text": "forwards in mathematics lately nothing"}, {"end": "00:10:10", "start": "00:10:06", "text": "really directly related to cryptography"}, {"end": "00:10:11", "start": "00:10:08", "text": "just like oh wow they've solved some"}, {"end": "00:10:14", "start": "00:10:10", "text": "hard problems that have never been"}, {"end": "00:10:17", "start": "00:10:11", "text": "solved before so now there's you know"}, {"end": "00:10:20", "start": "00:10:14", "text": "theorizing that the reason it was safe"}, {"end": "00:10:22", "start": "00:10:17", "text": "to expose your public key in in the past"}, {"end": "00:10:24", "start": "00:10:20", "text": "was because there was, you know, it was"}, {"end": "00:10:26", "start": "00:10:22", "text": "considered mathematically impossible to,"}, {"end": "00:10:28", "start": "00:10:24", "text": "you know, effectively reverse engineer"}, {"end": "00:10:30", "start": "00:10:26", "text": "it back to your private key. Now they're"}, {"end": "00:10:33", "start": "00:10:28", "text": "saying there might be a world where that"}, {"end": "00:10:36", "start": "00:10:30", "text": "could conceivably be possible. And then,"}, {"end": "00:10:38", "start": "00:10:33", "text": "[clears throat] yeah, his his uh uh"}, {"end": "00:10:41", "start": "00:10:36", "text": "Justin Drake's post was again, I think,"}, {"end": "00:10:43", "start": "00:10:38", "text": "a little bit alarmist in the sense that"}, {"end": "00:10:47", "start": "00:10:41", "text": "he's telling everybody"}, {"end": "00:10:50", "start": "00:10:43", "text": "uh basically move your coins over and uh"}, {"end": "00:10:52", "start": "00:10:47", "text": "never never move them. um which"}, {"end": "00:10:54", "start": "00:10:50", "text": "doesn't really make you know like that's"}, {"end": "00:10:55", "start": "00:10:52", "text": "not really a solution. It's more of a"}, {"end": "00:10:59", "start": "00:10:54", "text": "protection. So"}, {"end": "00:11:00", "start": "00:10:55", "text": ">> uh realistically you know if you are"}, {"end": "00:11:03", "start": "00:10:59", "text": "concerned about this I think the you"}, {"end": "00:11:05", "start": "00:11:00", "text": "know the best thing to do is put it on"}, {"end": "00:11:06", "start": "00:11:03", "text": "something like Kraken or Coinbase or you"}, {"end": "00:11:08", "start": "00:11:05", "text": "know they're going to be using the"}, {"end": "00:11:10", "start": "00:11:06", "text": "highest levels of custody. They rotate"}, {"end": "00:11:12", "start": "00:11:08", "text": "public keys all the time. You know Bitco"}, {"end": "00:11:14", "start": "00:11:10", "text": "a lot of these custody partners are very"}, {"end": "00:11:18", "start": "00:11:12", "text": "very sophisticated with their levels of"}, {"end": "00:11:20", "start": "00:11:14", "text": "security. uh you know the potent Yeah."}, {"end": "00:11:21", "start": "00:11:18", "text": "the No, he did say no rush. Yeah. And"}, {"end": "00:11:24", "start": "00:11:20", "text": "and I and I'm not trying to discount"}, {"end": "00:11:27", "start": "00:11:21", "text": "that this is not this is not in an"}, {"end": "00:11:28", "start": "00:11:24", "text": "impossibility. Uh but my I was thinking"}, {"end": "00:11:30", "start": "00:11:27", "text": "about this last night after you and I"}, {"end": "00:11:31", "start": "00:11:28", "text": "talked about it, Drew, and this was kind"}, {"end": "00:11:33", "start": "00:11:30", "text": "of my working theory. The crypto"}, {"end": "00:11:35", "start": "00:11:31", "text": "industry is going to adapt and be just"}, {"end": "00:11:38", "start": "00:11:33", "text": "fine because we already are. They're"}, {"end": "00:11:39", "start": "00:11:35", "text": "already on top of it. Like people these"}, {"end": "00:11:41", "start": "00:11:38", "text": "pe the people the industry we're in is"}, {"end": "00:11:43", "start": "00:11:39", "text": "literally the cutting edge, the earliest"}, {"end": "00:11:45", "start": "00:11:41", "text": "adopters. There's, you know, the people"}, {"end": "00:11:47", "start": "00:11:43", "text": "like Vitalic and some of these people"}, {"end": "00:11:49", "start": "00:11:45", "text": "that are involved with what we're doing"}, {"end": "00:11:51", "start": "00:11:47", "text": "with crypto obviously are very aware of"}, {"end": "00:11:54", "start": "00:11:49", "text": "everything that's going on with AI and"}, {"end": "00:11:56", "start": "00:11:51", "text": "emerging technologies. And the play"}, {"end": "00:11:58", "start": "00:11:54", "text": "really, like I said, put it put your,"}, {"end": "00:12:00", "start": "00:11:56", "text": "you know, put your stuff on Coinbase or"}, {"end": "00:12:02", "start": "00:11:58", "text": "Kraken, which is strange for me to say"}, {"end": "00:12:04", "start": "00:12:00", "text": "after my whole ethos of doing this. I am"}, {"end": "00:12:07", "start": "00:12:02", "text": "a big fan of self-custody."}, {"end": "00:12:10", "start": "00:12:04", "text": "Um, and you know, you and I even talked"}, {"end": "00:12:12", "start": "00:12:07", "text": "about the potential theory that this is"}, {"end": "00:12:16", "start": "00:12:10", "text": "all fear-mongering to convince retail to"}, {"end": "00:12:18", "start": "00:12:12", "text": "put all their coins on uh centralized,"}, {"end": "00:12:19", "start": "00:12:16", "text": "you know, custodians and then the"}, {"end": "00:12:21", "start": "00:12:18", "text": "government passes some national"}, {"end": "00:12:23", "start": "00:12:19", "text": "securities thing saying it's too it's"}, {"end": "00:12:24", "start": "00:12:21", "text": "not safe for retail to hold Bitcoin and"}, {"end": "00:12:26", "start": "00:12:23", "text": "they're just going to give you dollars"}, {"end": "00:12:29", "start": "00:12:24", "text": "instead. And that would be brutal, you"}, {"end": "00:12:30", "start": "00:12:26", "text": "know. So, if you're really worried, you"}, {"end": "00:12:31", "start": "00:12:29", "text": "know, that's that's the other side of"}, {"end": "00:12:33", "start": "00:12:30", "text": "this panic. If you're really worried"}, {"end": "00:12:37", "start": "00:12:31", "text": "about that, you should have some"}, {"end": "00:12:39", "start": "00:12:33", "text": "interesting solutions. But, um, you"}, {"end": "00:12:41", "start": "00:12:37", "text": "know, the the one thing I one thing I do"}, {"end": "00:12:43", "start": "00:12:39", "text": "that I would always recommend is"}, {"end": "00:12:45", "start": "00:12:41", "text": "diversification of holdings. Like don't"}, {"end": "00:12:46", "start": "00:12:43", "text": "put all your eggs like if you're going"}, {"end": "00:12:48", "start": "00:12:45", "text": "to like I have Kraken, I have Coinbase,"}, {"end": "00:12:50", "start": "00:12:46", "text": "I have other exchanges, I have hardware"}, {"end": "00:12:53", "start": "00:12:48", "text": "wallets, software wallets, and and like"}, {"end": "00:12:54", "start": "00:12:50", "text": "even if any one got compromised, like"}, {"end": "00:12:56", "start": "00:12:53", "text": "sure there's certain ones that would"}, {"end": "00:12:59", "start": "00:12:54", "text": "hurt more than others, but it's not all"}, {"end": "00:13:03", "start": "00:12:56", "text": "in one place. Um,"}, {"end": "00:13:04", "start": "00:12:59", "text": ">> so yeah, my my take was generally"}, {"end": "00:13:06", "start": "00:13:03", "text": "crypto is going to be fine. This, you"}, {"end": "00:13:08", "start": "00:13:04", "text": "know, this is a little alarmist. We've"}, {"end": "00:13:10", "start": "00:13:06", "text": "got some time. But really who should be"}, {"end": "00:13:11", "start": "00:13:08", "text": "worried is the rest of the world."}, {"end": "00:13:14", "start": "00:13:10", "text": "Governments, banks, institutions, they"}, {"end": "00:13:17", "start": "00:13:11", "text": "move very slow and they use very dated"}, {"end": "00:13:19", "start": "00:13:14", "text": "tech and are less likely to adapt in"}, {"end": "00:13:20", "start": "00:13:17", "text": "time and it could lead to a very"}, {"end": "00:13:22", "start": "00:13:19", "text": "substantial compromise setting off some"}, {"end": "00:13:23", "start": "00:13:20", "text": "chain of events that you know large"}, {"end": "00:13:25", "start": "00:13:22", "text": "scale cris like this could be a setup"}, {"end": "00:13:28", "start": "00:13:23", "text": "for another crisis. You know may call it"}, {"end": "00:13:30", "start": "00:13:25", "text": "could manufactured or not. It could"}, {"end": "00:13:32", "start": "00:13:28", "text": "potentially, if what they're talking"}, {"end": "00:13:34", "start": "00:13:30", "text": "about is true, that they can use math to"}, {"end": "00:13:37", "start": "00:13:32", "text": "break the elliptic curve and kind of get"}, {"end": "00:13:39", "start": "00:13:34", "text": "back to the hash, that means they're"}, {"end": "00:13:42", "start": "00:13:37", "text": "getting into all sorts of stuff with"}, {"end": "00:13:44", "start": "00:13:39", "text": "this type of technology. And your bank"}, {"end": "00:13:46", "start": "00:13:42", "text": "better be updating. And we, you know,"}, {"end": "00:13:48", "start": "00:13:44", "text": "government, most governments are running"}, {"end": "00:13:51", "start": "00:13:46", "text": "on technology from like the 50s or the"}, {"end": "00:13:54", "start": "00:13:48", "text": "70s, you know, very old dated, slow"}, {"end": "00:13:56", "start": "00:13:51", "text": "stuff. So, um, you know, there's"}, {"end": "00:13:59", "start": "00:13:54", "text": "definitely some real threat to some of"}, {"end": "00:14:00", "start": "00:13:56", "text": "this stuff, but, uh, I also agree with"}, {"end": "00:14:01", "start": "00:13:59", "text": "this guy. [laughter]"}, {"end": "00:14:03", "start": "00:14:00", "text": "We were reading this right before the"}, {"end": "00:14:05", "start": "00:14:01", "text": "show. Crypto holders are some of the"}, {"end": "00:14:06", "start": "00:14:03", "text": "weakest mfers I've ever come across."}, {"end": "00:14:07", "start": "00:14:05", "text": "Every single possible moment to get"}, {"end": "00:14:09", "start": "00:14:06", "text": "bearish, they take it any shred of"}, {"end": "00:14:10", "start": "00:14:07", "text": "danger, they panic. Black swans can't,"}, {"end": "00:14:12", "start": "00:14:09", "text": "you know, he's responding to this guy"}, {"end": "00:14:14", "start": "00:14:10", "text": "saying, \"Black swan might be closer than"}, {"end": "00:14:16", "start": "00:14:12", "text": "we thought.\" And he's and he's like,"}, {"end": "00:14:18", "start": "00:14:14", "text": "\"Black swans can't be predicted. That's"}, {"end": "00:14:19", "start": "00:14:16", "text": "literally what they're what they are. No"}, {"end": "00:14:21", "start": "00:14:18", "text": "matter what happens, everyone seems to"}, {"end": "00:14:22", "start": "00:14:19", "text": "constantly be on the lookout for things"}, {"end": "00:14:24", "start": "00:14:21", "text": "to go wrong. If Bitcoin really cared"}, {"end": "00:14:26", "start": "00:14:22", "text": "about this, it would be telling us it"}, {"end": "00:14:28", "start": "00:14:24", "text": "doesn't care. Stop looking for a"}, {"end": "00:14:30", "start": "00:14:26", "text": "narrative. You can scare yourself. Uh"}, {"end": "00:14:33", "start": "00:14:28", "text": "which I I generally agree, you know,"}, {"end": "00:14:35", "start": "00:14:30", "text": "like we're going down 1%. Uh it I am"}, {"end": "00:14:36", "start": "00:14:33", "text": "putting some thought into this, you"}, {"end": "00:14:39", "start": "00:14:35", "text": "know, because of some of the DeFi stuff"}, {"end": "00:14:40", "start": "00:14:36", "text": "we do, but uh for the most part, 90 I"}, {"end": "00:14:45", "start": "00:14:39", "text": "would just I just want to put you guys"}, {"end": "00:14:47", "start": "00:14:40", "text": "at rest. 99% of you guys 95% of you guys"}, {"end": "00:14:48", "start": "00:14:45", "text": "watching probably don't need to do"}, {"end": "00:14:51", "start": "00:14:47", "text": "anything. A lot of you guys probably"}, {"end": "00:14:54", "start": "00:14:48", "text": "already have your stuff on Coinbase, but"}, {"end": "00:14:56", "start": "00:14:51", "text": ">> um yeah, and near seems to give zero FS,"}, {"end": "00:14:57", "start": "00:14:54", "text": "you know, so maybe it's already quantum"}, {"end": "00:14:59", "start": "00:14:56", "text": "resistant, but"}, {"end": "00:15:00", "start": "00:14:57", "text": ">> yeah, I've been watching the NER chart"}, {"end": "00:15:05", "start": "00:14:59", "text": "and I have that chart pulled up because"}, {"end": "00:15:07", "start": "00:15:00", "text": "it's on my buy plan. Here's what I"}, {"end": "00:15:11", "start": "00:15:05", "text": "also thought about this into the night"}, {"end": "00:15:16", "start": "00:15:07", "text": "last night. And if I was in a situation,"}, {"end": "00:15:19", "start": "00:15:11", "text": "if I was the guy who had plans to build"}, {"end": "00:15:22", "start": "00:15:16", "text": "Six Flags Gaza and I was in control of"}, {"end": "00:15:24", "start": "00:15:19", "text": "everything going on in the world and all"}, {"end": "00:15:26", "start": "00:15:22", "text": "of the monetary movements that we see"}, {"end": "00:15:29", "start": "00:15:24", "text": "happening in crypto are happening"}, {"end": "00:15:32", "start": "00:15:26", "text": "regardless of what fiat currencies want."}, {"end": "00:15:35", "start": "00:15:29", "text": "It seems the world is being able to"}, {"end": "00:15:36", "start": "00:15:32", "text": "choose decentralization in these payment"}, {"end": "00:15:39", "start": "00:15:35", "text": "rails. They actually have a very bullish"}, {"end": "00:15:40", "start": "00:15:36", "text": "story about Salana and Samsung which"}, {"end": "00:15:41", "start": "00:15:39", "text": ">> Yeah, that's huge actually."}, {"end": "00:15:43", "start": "00:15:40", "text": ">> Yeah."}, {"end": "00:15:45", "start": "00:15:41", "text": ">> So, it's an unstoppable force meeting"}, {"end": "00:15:48", "start": "00:15:43", "text": "the immovable object of the US"}, {"end": "00:15:52", "start": "00:15:45", "text": "government blockchain. And"}, {"end": "00:15:55", "start": "00:15:48", "text": ">> if and I were the guy, we've seen this"}, {"end": "00:15:57", "start": "00:15:52", "text": "before. When we saw the 1930s gold"}, {"end": "00:15:59", "start": "00:15:55", "text": "confiscation, they handed you a"}, {"end": "00:16:03", "start": "00:15:57", "text": "promisary note in exchange for your hard"}, {"end": "00:16:06", "start": "00:15:59", "text": "value, which was gold. And you know, you"}, {"end": "00:16:09", "start": "00:16:03", "text": "could go doortodoor and you could kind"}, {"end": "00:16:10", "start": "00:16:06", "text": "of, you know, intimidate people"}, {"end": "00:16:12", "start": "00:16:09", "text": "to get their gold out of their hands,"}, {"end": "00:16:15", "start": "00:16:10", "text": "then give them a note for it. Sure, back"}, {"end": "00:16:17", "start": "00:16:12", "text": "in the day. Now we have blockchain and a"}, {"end": "00:16:19", "start": "00:16:15", "text": "lot of this crypto behind private keys"}, {"end": "00:16:21", "start": "00:16:17", "text": "and a bunch of freaks and dgens like us"}, {"end": "00:16:25", "start": "00:16:19", "text": "are holding things on cold storage"}, {"end": "00:16:28", "start": "00:16:21", "text": "wallets. If and I were that guy, nothing"}, {"end": "00:16:31", "start": "00:16:25", "text": "would make more sense to scare people"}, {"end": "00:16:34", "start": "00:16:28", "text": "into the pen, into the"}, {"end": "00:16:37", "start": "00:16:31", "text": "into the culling ground of a centralized"}, {"end": "00:16:41", "start": "00:16:34", "text": "exchange, whatever it may be, and then"}, {"end": "00:16:43", "start": "00:16:37", "text": "deem it a national security risk, all of"}, {"end": "00:16:46", "start": "00:16:41", "text": "that important crypto on those"}, {"end": "00:16:49", "start": "00:16:43", "text": "exchanges. Hey guys, guess what? Here's"}, {"end": "00:16:51", "start": "00:16:46", "text": "your promisary note."}, {"end": "00:16:53", "start": "00:16:49", "text": "We're taking the crypto. I could see"}, {"end": "00:16:56", "start": "00:16:51", "text": "that happening and the you know you"}, {"end": "00:16:57", "start": "00:16:53", "text": "mentioned that TJ in passing I just got"}, {"end": "00:16:59", "start": "00:16:56", "text": "to make that very clear that's there"}, {"end": "00:17:03", "start": "00:16:57", "text": "I've seen this story play out before in"}, {"end": "00:17:05", "start": "00:16:59", "text": "history I wasn't alive I'm just a a a"}, {"end": "00:17:07", "start": "00:17:03", "text": "student of history this seems very very"}, {"end": "00:17:09", "start": "00:17:05", "text": "similar to me um"}, {"end": "00:17:11", "start": "00:17:07", "text": ">> it it's very possible um and that's like"}, {"end": "00:17:13", "start": "00:17:09", "text": "I said it's very strange to me to be"}, {"end": "00:17:16", "start": "00:17:11", "text": "telling people put all your funds on"}, {"end": "00:17:19", "start": "00:17:13", "text": "Coinbase or Kraken but uh if you if"}, {"end": "00:17:22", "start": "00:17:16", "text": "you're the it's probably not bad advice"}, {"end": "00:17:24", "start": "00:17:19", "text": "right now uh I but both you know and and"}, {"end": "00:17:25", "start": "00:17:22", "text": "both of them could have what's crazy is"}, {"end": "00:17:26", "start": "00:17:24", "text": "they both could be around the same"}, {"end": "00:17:28", "start": "00:17:25", "text": "timeline like if some what you're"}, {"end": "00:17:31", "start": "00:17:26", "text": "talking about would be probably in the"}, {"end": "00:17:33", "start": "00:17:28", "text": "2030s uh where this is likely where this"}, {"end": "00:17:35", "start": "00:17:31", "text": "some of these quantum threats are some"}, {"end": "00:17:37", "start": "00:17:33", "text": "of these uh you know math but the thing"}, {"end": "00:17:40", "start": "00:17:35", "text": "with AI and I think the reason people"}, {"end": "00:17:42", "start": "00:17:37", "text": "are nervous is they're it's advancing so"}, {"end": "00:17:44", "start": "00:17:40", "text": "fast you know like what they thought was"}, {"end": "00:17:45", "start": "00:17:42", "text": "going to be 2035 like then it's like oh"}, {"end": "00:17:47", "start": "00:17:44", "text": "maybe it's going to be 2030 oh maybe"}, {"end": "00:17:48", "start": "00:17:45", "text": "it's going to be 2028 or maybe it's"}, {"end": "00:17:50", "start": "00:17:47", "text": "going to be next month like I think"}, {"end": "00:17:52", "start": "00:17:48", "text": "that's what really scares people. Uh,"}, {"end": "00:17:53", "start": "00:17:50", "text": "but for the most part, everything's"}, {"end": "00:17:55", "start": "00:17:52", "text": "going to be fine as if from my"}, {"end": "00:17:58", "start": "00:17:53", "text": "perspective. Again, we're in the cutting"}, {"end": "00:17:59", "start": "00:17:55", "text": "edge technology place. It will adapt."}, {"end": "00:18:02", "start": "00:17:58", "text": "Just stay plugged in, stay engaged."}, {"end": "00:18:04", "start": "00:17:59", "text": "We'll tell you guys, you know, like what"}, {"end": "00:18:06", "start": "00:18:02", "text": "I might do. I've got some old stuff"}, {"end": "00:18:08", "start": "00:18:04", "text": "that's in some cold storage. I might"}, {"end": "00:18:10", "start": "00:18:06", "text": "actually put some of that on Kraken. I"}, {"end": "00:18:12", "start": "00:18:08", "text": "really like Kraken. I have a high uh"}, {"end": "00:18:14", "start": "00:18:10", "text": "Kraken didn't pay me anything. I I just"}, {"end": "00:18:16", "start": "00:18:12", "text": "like it. And if you guys know, if you"}, {"end": "00:18:18", "start": "00:18:14", "text": "don't understand,"}, {"end": "00:18:21", "start": "00:18:16", "text": "this is why I would choose Kraken over"}, {"end": "00:18:23", "start": "00:18:18", "text": "Coinbase is 100% Jesse Powell. And you"}, {"end": "00:18:25", "start": "00:18:21", "text": "go look at Jesse Powell and how he's"}, {"end": "00:18:27", "start": "00:18:23", "text": "conducted himself. Now, he's not the CEO"}, {"end": "00:18:29", "start": "00:18:25", "text": "anymore, but I believe he's still"}, {"end": "00:18:31", "start": "00:18:27", "text": "chairman of the board and majority owner"}, {"end": "00:18:35", "start": "00:18:29", "text": "of that project. And he is one of the"}, {"end": "00:18:37", "start": "00:18:31", "text": "true cipher punks. So, I I see him"}, {"end": "00:18:38", "start": "00:18:35", "text": "fighting pushing back on the government"}, {"end": "00:18:39", "start": "00:18:37", "text": "more than Brian Armstrong. I'm not"}, {"end": "00:18:42", "start": "00:18:38", "text": "trying to throw Brian Armstrong under"}, {"end": "00:18:46", "start": "00:18:39", "text": "the bus. I'm just I'm a big fan of uh"}, {"end": "00:18:46", "start": "00:18:42", "text": "Jessie Pal and Kraken is a really good"}, {"end": "00:18:48", "start": "00:18:46", "text": "exchange. They have really good"}, {"end": "00:18:50", "start": "00:18:46", "text": "liquidity. It's good to trade on. I just"}, {"end": "00:18:52", "start": "00:18:48", "text": "like right now I but I also use"}, {"end": "00:18:54", "start": "00:18:50", "text": "Coinbase. So I use both. I'm not kind of"}, {"end": "00:18:56", "start": "00:18:52", "text": "knocking either one. But either way,"}, {"end": "00:18:58", "start": "00:18:54", "text": "let's have we even looked at the prices"}, {"end": "00:19:01", "start": "00:18:56", "text": "of what's up today, what's down today."}, {"end": "00:19:03", "start": "00:18:58", "text": ">> I All right, fine. But this last"}, {"end": "00:19:05", "start": "00:19:01", "text": ">> Yeah. Close closing thoughts."}, {"end": "00:19:07", "start": "00:19:03", "text": ">> Won't AI go after exchanges first? Is"}, {"end": "00:19:09", "start": "00:19:05", "text": "there a bigger target of reward? So the"}, {"end": "00:19:14", "start": "00:19:07", "text": "warning was about keys that don't get"}, {"end": "00:19:16", "start": "00:19:09", "text": "rotated, right? And that is the thing um"}, {"end": "00:19:18", "start": "00:19:14", "text": "that these exchanges do have going for"}, {"end": "00:19:19", "start": "00:19:16", "text": "them in this environment. And let's go"}, {"end": "00:19:22", "start": "00:19:18", "text": "look at that because I told you I was"}, {"end": "00:19:24", "start": "00:19:19", "text": "going to go today. I'm I'm loving the"}, {"end": "00:19:27", "start": "00:19:22", "text": "price being down on some of my favorite"}, {"end": "00:19:29", "start": "00:19:24", "text": "projects here. So let's take a gander. I"}, {"end": "00:19:31", "start": "00:19:27", "text": "know that we have just basic movement on"}, {"end": "00:19:32", "start": "00:19:29", "text": "the I accidentally clicked that button"}, {"end": "00:19:33", "start": "00:19:31", "text": "and now it's"}, {"end": "00:19:35", "start": "00:19:32", "text": ">> all right. Well, real real quick before"}, {"end": "00:19:38", "start": "00:19:33", "text": "we get into let's hit the super chat and"}, {"end": "00:19:40", "start": "00:19:35", "text": "and uh chat you feel free to uh dive"}, {"end": "00:19:42", "start": "00:19:38", "text": "into near arbitum thinking about moving"}, {"end": "00:19:44", "start": "00:19:40", "text": "all my arbitrum into near thoughts about"}, {"end": "00:19:47", "start": "00:19:42", "text": "arbitum will explode due to Robin Hood"}, {"end": "00:19:49", "start": "00:19:44", "text": "adoption. Thoughts? Um you have thoughts"}, {"end": "00:19:52", "start": "00:19:47", "text": "first before I go?"}, {"end": "00:19:54", "start": "00:19:49", "text": ">> I mean I don't I think near over arbitum"}, {"end": "00:19:57", "start": "00:19:52", "text": "but I'm kind of interested in slight"}, {"end": "00:19:59", "start": "00:19:54", "text": "arbit exposure with with the uh Robin"}, {"end": "00:20:01", "start": "00:19:57", "text": "Hood integrations. you know, like Rob"}, {"end": "00:20:04", "start": "00:19:59", "text": "Arbitum,"}, {"end": "00:20:07", "start": "00:20:01", "text": "it's got a worse graph, but also might"}, {"end": "00:20:09", "start": "00:20:04", "text": "be really strong upside if it's uh if"}, {"end": "00:20:12", "start": "00:20:07", "text": "it's reintegration, not reintegration,"}, {"end": "00:20:15", "start": "00:20:09", "text": "but expansion can continue. So, I like"}, {"end": "00:20:17", "start": "00:20:12", "text": "near over ARB, but I wouldn't be"}, {"end": "00:20:18", "start": "00:20:15", "text": "personally picking or choosing between"}, {"end": "00:20:20", "start": "00:20:17", "text": "each one of them."}, {"end": "00:20:22", "start": "00:20:18", "text": ">> If I had to choose between the two, you"}, {"end": "00:20:24", "start": "00:20:20", "text": "guys know I love near. It's near all day"}, {"end": "00:20:26", "start": "00:20:22", "text": "for me. Uh, I do agree arbitum has some"}, {"end": "00:20:28", "start": "00:20:24", "text": "potentials, but with everything"}, {"end": "00:20:30", "start": "00:20:26", "text": "happening with layer 1's, if you guys"}, {"end": "00:20:32", "start": "00:20:28", "text": "watched our video last night, Ethereum"}, {"end": "00:20:35", "start": "00:20:30", "text": "doing upgrades, we're seeing layer twos"}, {"end": "00:20:38", "start": "00:20:32", "text": "die left and right. Again, arbitrum,"}, {"end": "00:20:41", "start": "00:20:35", "text": "arbitum very, very well"}, {"end": "00:20:43", "start": "00:20:38", "text": "strong layer two. Uh, but if we're"}, {"end": "00:20:45", "start": "00:20:41", "text": "talking scale it out over a couple"}, {"end": "00:20:47", "start": "00:20:43", "text": "years, near"}, {"end": "00:20:50", "start": "00:20:45", "text": "either way, near in the short term, near"}, {"end": "00:20:52", "start": "00:20:47", "text": "in the long term, I take near, you know,"}, {"end": "00:20:53", "start": "00:20:50", "text": ">> it's if it's up to me. So, I don't know"}, {"end": "00:20:54", "start": "00:20:52", "text": "how much you have. If you're talking"}, {"end": "00:20:56", "start": "00:20:53", "text": "about important a million dollars, you"}, {"end": "00:20:59", "start": "00:20:54", "text": "know, obviously make your own choices,"}, {"end": "00:21:01", "start": "00:20:56", "text": "but um you know, for me, put it this"}, {"end": "00:21:02", "start": "00:20:59", "text": "way, I have a fat bag in here. I don't"}, {"end": "00:21:04", "start": "00:21:01", "text": "have any arbitrum. I'm not against"}, {"end": "00:21:07", "start": "00:21:02", "text": "arbitrum. It makes it's a very"}, {"end": "00:21:08", "start": "00:21:04", "text": "reasonable thesis to accumulate, but not"}, {"end": "00:21:11", "start": "00:21:07", "text": "on my short list."}, {"end": "00:21:12", "start": "00:21:08", "text": ">> Yeah. So, we got some good projects on"}, {"end": "00:21:12", "start": "00:21:11", "text": "sale right now."}, {"end": "00:21:14", "start": "00:21:12", "text": ">> Yeah, we do."}, {"end": "00:21:16", "start": "00:21:12", "text": ">> Venice tokens coming back down to 22"}, {"end": "00:21:19", "start": "00:21:14", "text": "bucks."}, {"end": "00:21:20", "start": "00:21:16", "text": "I I'm not horribly interested in Zcash."}, {"end": "00:21:23", "start": "00:21:19", "text": "Something about this just tells me this"}, {"end": "00:21:25", "start": "00:21:20", "text": "is some kind of honeypot. Um,"}, {"end": "00:21:28", "start": "00:21:23", "text": ">> it's Israel's coin, right?"}, {"end": "00:21:31", "start": "00:21:25", "text": ">> Well, okay. So, you're talking about a"}, {"end": "00:21:33", "start": "00:21:28", "text": "privacy network that's a few blocks from"}, {"end": "00:21:35", "start": "00:21:31", "text": "the CIA in their headquarters. Like,"}, {"end": "00:21:36", "start": "00:21:33", "text": "let's just"}, {"end": "00:21:38", "start": "00:21:35", "text": ">> look at all the big money be look at"}, {"end": "00:21:39", "start": "00:21:36", "text": "look at who pushes it. Look at all the"}, {"end": "00:21:43", "start": "00:21:38", "text": "big money behind it. Look at who's"}, {"end": "00:21:45", "start": "00:21:39", "text": "involved with it. And uh, you know, it"}, {"end": "00:21:46", "start": "00:21:43", "text": "feels very connected to MSAD. I'll just"}, {"end": "00:21:47", "start": "00:21:45", "text": "say that. That's probably going to get"}, {"end": "00:21:49", "start": "00:21:46", "text": "us [laughter] in trouble, but"}, {"end": "00:21:52", "start": "00:21:47", "text": ">> we"}, {"end": "00:21:54", "start": "00:21:49", "text": ">> do do your deep dives. It is"}, {"end": "00:21:58", "start": "00:21:52", "text": ">> like the stream. Okay. I just talked"}, {"end": "00:22:00", "start": "00:21:54", "text": "about the next Six Flags. TJ's over here"}, {"end": "00:22:01", "start": "00:21:58", "text": "sending the actual He's going straight"}, {"end": "00:22:01", "start": "00:22:00", "text": "to the heart of the beast here. Can you"}, {"end": "00:22:03", "start": "00:22:01", "text": "just like"}, {"end": "00:22:06", "start": "00:22:01", "text": ">> It is what it is what it is. I mean,"}, {"end": "00:22:08", "start": "00:22:03", "text": ">> okay, we're in we're in danger now."}, {"end": "00:22:09", "start": "00:22:06", "text": ">> We're on the list already. You know,"}, {"end": "00:22:10", "start": "00:22:08", "text": ">> Midnight True."}, {"end": "00:22:13", "start": "00:22:09", "text": ">> I haven't hated Midnight. I actually"}, {"end": "00:22:16", "start": "00:22:10", "text": "have Midnight's chart up today. Um,"}, {"end": "00:22:18", "start": "00:22:13", "text": "Avalanche being very, very tested at"}, {"end": "00:22:20", "start": "00:22:16", "text": "that $10 range I was talking about"}, {"end": "00:22:23", "start": "00:22:18", "text": "yesterday. The other one that I'm liking"}, {"end": "00:22:25", "start": "00:22:20", "text": "here, I'm really the first and foremost"}, {"end": "00:22:28", "start": "00:22:23", "text": "on these pullbacks that I'm liking is"}, {"end": "00:22:31", "start": "00:22:25", "text": "Uniswap. It's like Uniswap in this $7"}, {"end": "00:22:33", "start": "00:22:28", "text": "range. I'm liking and then Venice Token"}, {"end": "00:22:38", "start": "00:22:31", "text": "finally coming back down close to that"}, {"end": "00:22:40", "start": "00:22:33", "text": "$20 uh level. So, those are the first"}, {"end": "00:22:43", "start": "00:22:38", "text": "and foremost are popping off to me in"}, {"end": "00:22:45", "start": "00:22:40", "text": "terms of what to buy during the dip. I'm"}, {"end": "00:22:46", "start": "00:22:43", "text": "unis swap. I'm liking Venice token."}, {"end": "00:22:50", "start": "00:22:45", "text": "That's obviously because I already got"}, {"end": "00:22:53", "start": "00:22:46", "text": "the Morpho bag well covered. Um, I'd"}, {"end": "00:22:55", "start": "00:22:50", "text": "think it'd go unis swap Venice. Then I"}, {"end": "00:22:57", "start": "00:22:53", "text": "am tempted by that midnight pull. I'm"}, {"end": "00:23:00", "start": "00:22:55", "text": "not going to lie. I'm tempted by the"}, {"end": "00:23:03", "start": "00:22:57", "text": "midnight pullback. I am um for a lot of"}, {"end": "00:23:05", "start": "00:23:00", "text": "different reasons. I think the uh you"}, {"end": "00:23:06", "start": "00:23:03", "text": "know the Cardono people, they're going"}, {"end": "00:23:08", "start": "00:23:05", "text": "to find a home. And look at what the"}, {"end": "00:23:10", "start": "00:23:06", "text": "Cardono people are dealing with right"}, {"end": "00:23:11", "start": "00:23:08", "text": "now. This is Charles Hoskinson and"}, {"end": "00:23:13", "start": "00:23:10", "text": "Charlie's Angels. They're not even"}, {"end": "00:23:16", "start": "00:23:11", "text": "talking about Cardono anymore. It's all"}, {"end": "00:23:18", "start": "00:23:13", "text": "about midnight, right? And this is the"}, {"end": "00:23:21", "start": "00:23:16", "text": "human cannon fodder that I had brought"}, {"end": "00:23:22", "start": "00:23:18", "text": "up as Cardano was going down."}, {"end": "00:23:24", "start": "00:23:21", "text": ">> Shields. Is that what you're saying?"}, {"end": "00:23:27", "start": "00:23:22", "text": ">> Human shields. Yeah. Cardano is using"}, {"end": "00:23:28", "start": "00:23:24", "text": "these females as human shields to uh"}, {"end": "00:23:30", "start": "00:23:27", "text": "receive all the push back about the"}, {"end": "00:23:34", "start": "00:23:28", "text": "price action. But in general, price"}, {"end": "00:23:37", "start": "00:23:30", "text": "action's not bad on the midnight chart."}, {"end": "00:23:40", "start": "00:23:34", "text": "So, it's breached above its macro point"}, {"end": "00:23:42", "start": "00:23:37", "text": "of control with conviction. And now it's"}, {"end": "00:23:45", "start": "00:23:40", "text": "got a massive, massive volume node that"}, {"end": "00:23:48", "start": "00:23:42", "text": "is likely to act as that midterm bounce"}, {"end": "00:23:51", "start": "00:23:45", "text": "point at around 3.7."}, {"end": "00:23:54", "start": "00:23:48", "text": "It's coming in at around 4.4 cents right"}, {"end": "00:23:56", "start": "00:23:51", "text": "now. So, it's not too far away from that"}, {"end": "00:24:00", "start": "00:23:54", "text": "level. And that's why it's kind of"}, {"end": "00:24:02", "start": "00:23:56", "text": "closer to my mind in terms of where it's"}, {"end": "00:24:04", "start": "00:24:00", "text": "uh sitting right now."}, {"end": "00:24:07", "start": "00:24:02", "text": "I don't hate this. I don't hate this"}, {"end": "00:24:10", "start": "00:24:04", "text": "chart, right? So, if it comes to what"}, {"end": "00:24:12", "start": "00:24:07", "text": "projects I'm most interested in in this"}, {"end": "00:24:16", "start": "00:24:10", "text": "current dip, it's unis swap first and"}, {"end": "00:24:19", "start": "00:24:12", "text": "foremost. Venice tooken because it's a"}, {"end": "00:24:22", "start": "00:24:16", "text": "great AI and privacy connected play. And"}, {"end": "00:24:25", "start": "00:24:19", "text": "then midnight is a privacy play and kind"}, {"end": "00:24:27", "start": "00:24:22", "text": "of a new safe haven for the Cardano"}, {"end": "00:24:29", "start": "00:24:25", "text": "people that got tired of yelling at"}, {"end": "00:24:30", "start": "00:24:27", "text": "these women over the Cardano price"}, {"end": "00:24:32", "start": "00:24:29", "text": "action. Now they can go find a chart"}, {"end": "00:24:33", "start": "00:24:30", "text": "that looks good. And"}, {"end": "00:24:36", "start": "00:24:32", "text": ">> one thing worth mentioning, go back to"}, {"end": "00:24:38", "start": "00:24:33", "text": "the coin market cap real quick. Um"}, {"end": "00:24:39", "start": "00:24:36", "text": "because there's there's definitely some"}, {"end": "00:24:41", "start": "00:24:38", "text": "opportunities here. One thing I've"}, {"end": "00:24:44", "start": "00:24:39", "text": "noticed the last couple days and I did a"}, {"end": "00:24:47", "start": "00:24:41", "text": "write up on this in school. Anytime"}, {"end": "00:24:48", "start": "00:24:44", "text": "you're getting a big move up or down, I"}, {"end": "00:24:51", "start": "00:24:47", "text": "like to especially down, I like to look"}, {"end": "00:24:54", "start": "00:24:48", "text": "at outliers like, hey, what's what's up"}, {"end": "00:24:56", "start": "00:24:51", "text": "more, what's not down as much, you know,"}, {"end": "00:25:00", "start": "00:24:54", "text": "and what has stood out to me across the"}, {"end": "00:25:01", "start": "00:24:56", "text": "board is, you know, now here day two,"}, {"end": "00:25:02", "start": "00:25:00", "text": "like there's definitely a lot of DeFi"}, {"end": "00:25:05", "start": "00:25:01", "text": "there, but a lot of those, if you look"}, {"end": "00:25:07", "start": "00:25:02", "text": "at the 30-day up a lot, but really DeFi"}, {"end": "00:25:09", "start": "00:25:05", "text": "is just so strong. You know, like"}, {"end": "00:25:11", "start": "00:25:07", "text": "Jupiter's on, you know, Curve is on an"}, {"end": "00:25:14", "start": "00:25:09", "text": "up, arrow's on a pump today. you know,"}, {"end": "00:25:16", "start": "00:25:11", "text": "there's a lot of,"}, {"end": "00:25:18", "start": "00:25:14", "text": "you know, DeFi across the board is just"}, {"end": "00:25:19", "start": "00:25:16", "text": "looking really, really, really good. So,"}, {"end": "00:25:23", "start": "00:25:18", "text": "if I'm looking and you go back to what's"}, {"end": "00:25:25", "start": "00:25:19", "text": "down today or what's on sale today, um,"}, {"end": "00:25:28", "start": "00:25:23", "text": "you know, you can see there's definitely"}, {"end": "00:25:30", "start": "00:25:25", "text": "Sky, another one. Morpho, Uni, you know,"}, {"end": "00:25:31", "start": "00:25:28", "text": "and then you're down into like the two"}, {"end": "00:25:33", "start": "00:25:30", "text": "or 3% at that point. So,"}, {"end": "00:25:35", "start": "00:25:31", "text": ">> and here you go. Hyperlid's coming down"}, {"end": "00:25:37", "start": "00:25:33", "text": "into the mid 80s, too."}, {"end": "00:25:40", "start": "00:25:35", "text": ">> Yeah, you're getting some opportunities,"}, {"end": "00:25:45", "start": "00:25:37", "text": "TA. So, I just I my I'm I'm always"}, {"end": "00:25:47", "start": "00:25:40", "text": "shocked my portfolio is very heavy"}, {"end": "00:25:49", "start": "00:25:45", "text": "uh DeFi uh you know like you got some"}, {"end": "00:25:51", "start": "00:25:47", "text": "Bitcoin and Ethereum and then for the"}, {"end": "00:25:52", "start": "00:25:49", "text": "most part it's fairly DeFi and AI"}, {"end": "00:25:54", "start": "00:25:51", "text": "concentrated which is what I've talked"}, {"end": "00:25:56", "start": "00:25:52", "text": "about and it's extremely insulated. I"}, {"end": "00:25:57", "start": "00:25:54", "text": "see these pullbacks and I'm like, \"Oh,"}, {"end": "00:25:59", "start": "00:25:56", "text": "man. My alts are probably going to be"}, {"end": "00:26:02", "start": "00:25:57", "text": "feeling it.\" And I'm like, \"Oh, arrows"}, {"end": "00:26:05", "start": "00:25:59", "text": "up. Okay. Oh, near's down, you know,"}, {"end": "00:26:06", "start": "00:26:02", "text": "less than Bitcoin. Um, you know, so unis"}, {"end": "00:26:08", "start": "00:26:05", "text": "swap.\" You know, again, some of these"}, {"end": "00:26:09", "start": "00:26:06", "text": "that have gone on crazy runs, I'm not"}, {"end": "00:26:12", "start": "00:26:08", "text": "surprised to see them come back to some"}, {"end": "00:26:14", "start": "00:26:09", "text": "of these other levels. But if you guys"}, {"end": "00:26:15", "start": "00:26:12", "text": "didn't follow that original uni trade,"}, {"end": "00:26:18", "start": "00:26:14", "text": "didn't follow some of those, you know,"}, {"end": "00:26:19", "start": "00:26:15", "text": "early moves, like now is a decent time"}, {"end": "00:26:22", "start": "00:26:18", "text": "to get in on some of this stuff. And a"}, {"end": "00:26:25", "start": "00:26:19", "text": "lot of these things have major catalysts"}, {"end": "00:26:28", "start": "00:26:22", "text": "coming late October. You know, Arrow has"}, {"end": "00:26:30", "start": "00:26:25", "text": "a big thing. I think it's October 21st."}, {"end": "00:26:32", "start": "00:26:28", "text": "Uh I want to say Salana had some stuff."}, {"end": "00:26:33", "start": "00:26:30", "text": "There's a Every time I see something, it"}, {"end": "00:26:37", "start": "00:26:32", "text": "seems like there's going to be a lot of"}, {"end": "00:26:39", "start": "00:26:33", "text": "big rollouts happening that we, you"}, {"end": "00:26:41", "start": "00:26:37", "text": "know, October between October 20th and"}, {"end": "00:26:43", "start": "00:26:39", "text": "30th basically. Um"}, {"end": "00:26:44", "start": "00:26:41", "text": ">> which yeah, there you go. Brings us to"}, {"end": "00:26:46", "start": "00:26:43", "text": "this. Samsung,"}, {"end": "00:26:49", "start": "00:26:44", "text": ">> not a small business to be partnering"}, {"end": "00:26:51", "start": "00:26:46", "text": "with. It's a tiny tiny business really"}, {"end": "00:26:53", "start": "00:26:49", "text": "when it comes right down to it. 82"}, {"end": "00:26:56", "start": "00:26:51", "text": "million Galaxy devices are now going to"}, {"end": "00:27:01", "start": "00:26:53", "text": "be able to send stable coins from their"}, {"end": "00:27:04", "start": "00:26:56", "text": "Samsung wallet using USDC on Salana. So,"}, {"end": "00:27:06", "start": "00:27:01", "text": "this video coming out tonight is more"}, {"end": "00:27:10", "start": "00:27:04", "text": "particularly angled at what this means"}, {"end": "00:27:12", "start": "00:27:06", "text": "for Salana's future. Now, Salana in our"}, {"end": "00:27:14", "start": "00:27:10", "text": "general like really happy buy zone. God,"}, {"end": "00:27:17", "start": "00:27:12", "text": "I hate how chart thing moves around on"}, {"end": "00:27:20", "start": "00:27:14", "text": "me. Our general buy zone on Salana"}, {"end": "00:27:23", "start": "00:27:17", "text": "previously is around $75 to $80"}, {"end": "00:27:26", "start": "00:27:20", "text": "and now we've seen it run up to around"}, {"end": "00:27:28", "start": "00:27:23", "text": "$120, but we're getting that bump and"}, {"end": "00:27:30", "start": "00:27:26", "text": "run pullback that I've been sitting here"}, {"end": "00:27:33", "start": "00:27:28", "text": "waiting for. And you know, this general"}, {"end": "00:27:35", "start": "00:27:30", "text": "shelf around $100 seems buoyant, very"}, {"end": "00:27:37", "start": "00:27:33", "text": "buoyant in this environment. We're not"}, {"end": "00:27:38", "start": "00:27:35", "text": "too terribly far from it right now. So"}, {"end": "00:27:41", "start": "00:27:37", "text": "tonight's Salana video is going to"}, {"end": "00:27:44", "start": "00:27:38", "text": "outlay is going to basically run the"}, {"end": "00:27:46", "start": "00:27:41", "text": "math on this Salana wallet integration."}, {"end": "00:27:48", "start": "00:27:44", "text": "how much of a market cap and"}, {"end": "00:27:51", "start": "00:27:46", "text": "forward-looking increase this could mean"}, {"end": "00:27:52", "start": "00:27:48", "text": "for the Salana token itself and what it"}, {"end": "00:27:54", "start": "00:27:51", "text": "means for other projects that are"}, {"end": "00:27:57", "start": "00:27:52", "text": "missing out on integrations like this"}, {"end": "00:27:59", "start": "00:27:54", "text": "and the Salana chart generally speaking"}, {"end": "00:28:02", "start": "00:27:57", "text": "you know this the highlighted green box"}, {"end": "00:28:04", "start": "00:27:59", "text": "is like the super hopeful in me you know"}, {"end": "00:28:06", "start": "00:28:02", "text": "to get slightly under but honestly I"}, {"end": "00:28:09", "start": "00:28:04", "text": "don't hate adding Salana anywhere around"}, {"end": "00:28:13", "start": "00:28:06", "text": "this entire volume node shelf I don't"}, {"end": "00:28:14", "start": "00:28:09", "text": "hate it at all comes around $100 flat"}, {"end": "00:28:16", "start": "00:28:13", "text": "where the peak of this thing is and"}, {"end": "00:28:19", "start": "00:28:14", "text": "we're only 12 bucks from it right now."}, {"end": "00:28:21", "start": "00:28:16", "text": "Generally a decent spot to DCA and add"}, {"end": "00:28:25", "start": "00:28:19", "text": "Salana positions and I'm kind of a"}, {"end": "00:28:27", "start": "00:28:21", "text": "greedy DCA guy and that take that into"}, {"end": "00:28:29", "start": "00:28:25", "text": "account. Now I'm done looking at"}, {"end": "00:28:31", "start": "00:28:27", "text": "midnight. I'm going to go to the next"}, {"end": "00:28:33", "start": "00:28:29", "text": "chart actually here which is Near and"}, {"end": "00:28:36", "start": "00:28:31", "text": "Bitwise has been talking about Lil Black"}, {"end": "00:28:38", "start": "00:28:33", "text": "Dra or ill black dragon. I call him Lil"}, {"end": "00:28:39", "start": "00:28:36", "text": "Black Dragon co-founder of Near"}, {"end": "00:28:41", "start": "00:28:38", "text": "Protocol."}, {"end": "00:28:43", "start": "00:28:39", "text": ">> That's his rapper name. Yeah."}, {"end": "00:28:45", "start": "00:28:41", "text": ">> Yeah. Lil. That's true. We should make a"}, {"end": "00:28:46", "start": "00:28:43", "text": "rap song, a trap rap song about Little"}, {"end": "00:28:49", "start": "00:28:45", "text": "Black Dragon."}, {"end": "00:28:51", "start": "00:28:46", "text": ">> Hey, we're in the we're in the ATL."}, {"end": "00:28:55", "start": "00:28:49", "text": ">> We can do this. We can make this happen."}, {"end": "00:28:57", "start": "00:28:51", "text": "So, it's been insane seeing the"}, {"end": "00:29:00", "start": "00:28:55", "text": "forwardlooking estimates from Matt Hogan"}, {"end": "00:29:02", "start": "00:28:57", "text": "and the people behind Bitwise on what"}, {"end": "00:29:04", "start": "00:29:00", "text": "Near Protocol is actually capable of"}, {"end": "00:29:07", "start": "00:29:02", "text": "should the AI agent infrastructure"}, {"end": "00:29:09", "start": "00:29:04", "text": "expand. Now, expanding it is it"}, {"end": "00:29:11", "start": "00:29:07", "text": "integrated into Robin Hood chain. It"}, {"end": "00:29:15", "start": "00:29:09", "text": "added Robin Hood chain to near.com."}, {"end": "00:29:18", "start": "00:29:11", "text": "Users can now swap Ethereum USDG against"}, {"end": "00:29:20", "start": "00:29:15", "text": "180 assets on 30 chains and move money"}, {"end": "00:29:23", "start": "00:29:18", "text": "from one chain to another without a"}, {"end": "00:29:25", "start": "00:29:20", "text": "bridge. Builders can also plug in apps"}, {"end": "00:29:28", "start": "00:29:23", "text": "into the near intense system including"}, {"end": "00:29:30", "start": "00:29:25", "text": "private execution. This is very very"}, {"end": "00:29:32", "start": "00:29:28", "text": "strong integration. As I've said many"}, {"end": "00:29:34", "start": "00:29:30", "text": "times,"}, {"end": "00:29:36", "start": "00:29:32", "text": "there is uh a lot of expansion that's"}, {"end": "00:29:38", "start": "00:29:34", "text": "happening in near now that is playing"}, {"end": "00:29:40", "start": "00:29:36", "text": "into the charts from forward-looking"}, {"end": "00:29:42", "start": "00:29:38", "text": "investing. And largely where it sits"}, {"end": "00:29:44", "start": "00:29:40", "text": "right now, a heavy-handed steal your"}, {"end": "00:29:46", "start": "00:29:42", "text": "cat, sell it on eBay and buy Near"}, {"end": "00:29:49", "start": "00:29:44", "text": "protocol tokens with the proceeds is"}, {"end": "00:29:53", "start": "00:29:46", "text": "right around $3.50."}, {"end": "00:29:57", "start": "00:29:49", "text": "Where we're at is $5. And the current"}, {"end": "00:30:00", "start": "00:29:53", "text": "range is a point where I'm just going to"}, {"end": "00:30:02", "start": "00:29:57", "text": "be buying. I'm basically barely under $5"}, {"end": "00:30:04", "start": "00:30:00", "text": "right now."}, {"end": "00:30:07", "start": "00:30:02", "text": "I don't hate if it comes back down to"}, {"end": "00:30:09", "start": "00:30:04", "text": "the 350 mark and gives me a lower entry"}, {"end": "00:30:12", "start": "00:30:07", "text": "point to continue to do a heavier-handed"}, {"end": "00:30:14", "start": "00:30:09", "text": "DCA in that zone. But right now, I got"}, {"end": "00:30:17", "start": "00:30:12", "text": "to make a move, man. The near intense,"}, {"end": "00:30:20", "start": "00:30:14", "text": "the AI expansion, the conversation's"}, {"end": "00:30:23", "start": "00:30:17", "text": "getting very, very heavy very quickly in"}, {"end": "00:30:26", "start": "00:30:20", "text": "this. So, I am going to be buying near"}, {"end": "00:30:28", "start": "00:30:23", "text": "protocol at this level. $4.90. It makes"}, {"end": "00:30:31", "start": "00:30:26", "text": "sense to me."}, {"end": "00:30:32", "start": "00:30:28", "text": "And I would like some exposure to this."}, {"end": "00:30:33", "start": "00:30:31", "text": "This is something that"}, {"end": "00:30:34", "start": "00:30:32", "text": ">> some exposure. Is that what you just"}, {"end": "00:30:36", "start": "00:30:33", "text": "said?"}, {"end": "00:30:39", "start": "00:30:34", "text": ">> An exposure. Well, I need an explosive"}, {"end": "00:30:40", "start": "00:30:36", "text": "exposure level, right? It's just kind of"}, {"end": "00:30:42", "start": "00:30:39", "text": "a combination of the two."}, {"end": "00:30:44", "start": "00:30:40", "text": ">> And I made money off this thing last"}, {"end": "00:30:46", "start": "00:30:42", "text": "bull market, right? I mean, it wasn't"}, {"end": "00:30:48", "start": "00:30:44", "text": "incredible, but we were snatching it"}, {"end": "00:30:49", "start": "00:30:46", "text": "around two bucks and we're selling it"}, {"end": "00:30:52", "start": "00:30:48", "text": "around five, six bucks. I didn't catch"}, {"end": "00:30:56", "start": "00:30:49", "text": "the pill top of its last bowl, which"}, {"end": "00:30:58", "start": "00:30:52", "text": "$8.70, but it made me money. And it's"}, {"end": "00:31:00", "start": "00:30:56", "text": "got a series of higher lows. It's got a"}, {"end": "00:31:03", "start": "00:30:58", "text": "series of higher lows. It's positioned"}, {"end": "00:31:04", "start": "00:31:00", "text": "in AI and privacy and it's probably"}, {"end": "00:31:05", "start": "00:31:03", "text": "going to do very very well."}, {"end": "00:31:07", "start": "00:31:04", "text": ">> All right, let's try something real"}, {"end": "00:31:09", "start": "00:31:05", "text": "quick. Uh chat, tell me if you're here"}, {"end": "00:31:12", "start": "00:31:07", "text": "in choppiness while they're doing that."}, {"end": "00:31:12", "start": "00:31:09", "text": "Ref just refresh. Can you refresh your"}, {"end": "00:31:14", "start": "00:31:12", "text": "StreamYard?"}, {"end": "00:31:15", "start": "00:31:12", "text": ">> Yeah, but I'll be back."}, {"end": "00:31:17", "start": "00:31:14", "text": ">> Yeah, it'll kick you out. So, I'll I'll"}, {"end": "00:31:19", "start": "00:31:15", "text": "uh I'll talk to the people while you do"}, {"end": "00:31:21", "start": "00:31:17", "text": "that. So, and then it's going to mess up"}, {"end": "00:31:23", "start": "00:31:19", "text": "all of our camera shots. But, uh yeah,"}, {"end": "00:31:24", "start": "00:31:21", "text": "I'm hoping that'll fix because it very"}, {"end": "00:31:26", "start": "00:31:23", "text": "much sounds like it's a Streamyard"}, {"end": "00:31:28", "start": "00:31:24", "text": "issue, by the way. But I'm curious. So,"}, {"end": "00:31:31", "start": "00:31:26", "text": "he's talking about Near. So far, Near"}, {"end": "00:31:34", "start": "00:31:28", "text": "has been one of my favorites for this"}, {"end": "00:31:36", "start": "00:31:31", "text": "run. Uh what if you guys had to pick one"}, {"end": "00:31:37", "start": "00:31:34", "text": "coin that like this is the one I have"}, {"end": "00:31:38", "start": "00:31:36", "text": "the highest conviction in. This is the"}, {"end": "00:31:41", "start": "00:31:37", "text": "one that I think I'm going to get the"}, {"end": "00:31:43", "start": "00:31:38", "text": "highest ROI on this cycle. And a lot"}, {"end": "00:31:47", "start": "00:31:41", "text": "right now for me, I think it is going to"}, {"end": "00:31:48", "start": "00:31:43", "text": "be near. Um Arrow potentially is close"}, {"end": "00:31:50", "start": "00:31:47", "text": "to it, but just because it's a lower"}, {"end": "00:31:51", "start": "00:31:48", "text": "market cap than near, but what? No, I"}, {"end": "00:31:53", "start": "00:31:50", "text": "This is not what I'm looking for. You"}, {"end": "00:31:55", "start": "00:31:51", "text": "got to pick one. And I know it's hard. I"}, {"end": "00:31:57", "start": "00:31:53", "text": "know it's hard because like I you know"}, {"end": "00:31:58", "start": "00:31:55", "text": "like I'd have to debate. Yeah, arrow is"}, {"end": "00:32:01", "start": "00:31:57", "text": "not a bad pick either, but tell me your"}, {"end": "00:32:02", "start": "00:31:58", "text": "one coin. A lot of arrows in here. All"}, {"end": "00:32:04", "start": "00:32:01", "text": "right, now talk talk to me, Drew."}, {"end": "00:32:06", "start": "00:32:02", "text": ">> I don't know. I I'm This is probably"}, {"end": "00:32:07", "start": "00:32:04", "text": "still broken. It's driving me nuts."}, {"end": "00:32:09", "start": "00:32:06", "text": ">> Thousand times better."}, {"end": "00:32:10", "start": "00:32:07", "text": ">> This is driving me nuts, man."}, {"end": "00:32:12", "start": "00:32:09", "text": ">> No, I think it was a I think it was a"}, {"end": "00:32:14", "start": "00:32:10", "text": "connection issue. So, I'm I'm thinking"}, {"end": "00:32:16", "start": "00:32:12", "text": "refreshing it solved it. I just I do"}, {"end": "00:32:17", "start": "00:32:14", "text": "need your Yeah, give me your screen."}, {"end": "00:32:18", "start": "00:32:16", "text": ">> Oh, hold on. I'm going to do it without"}, {"end": "00:32:20", "start": "00:32:17", "text": "the audio because now I'm just afraid of"}, {"end": "00:32:22", "start": "00:32:18", "text": "audio in general. And I hate that. This"}, {"end": "00:32:24", "start": "00:32:20", "text": "has always been a bane of my existence,"}, {"end": "00:32:26", "start": "00:32:22", "text": "even as a musician, especially as a"}, {"end": "00:32:27", "start": "00:32:24", "text": "heavy metal singer."}, {"end": "00:32:30", "start": "00:32:26", "text": ">> PTS, it sounds fine. I really think it"}, {"end": "00:32:31", "start": "00:32:27", "text": "was just a bad uh entrance into"}, {"end": "00:32:33", "start": "00:32:30", "text": "StreamYard. So,"}, {"end": "00:32:35", "start": "00:32:31", "text": ">> well, you know what it was? It was me"}, {"end": "00:32:37", "start": "00:32:33", "text": "having two different recording studios"}, {"end": "00:32:39", "start": "00:32:35", "text": "open, two different systems that I was"}, {"end": "00:32:40", "start": "00:32:37", "text": "recording. I probably need to stop."}, {"end": "00:32:42", "start": "00:32:39", "text": ">> Yeah, that that'll do it. If you have"}, {"end": "00:32:43", "start": "00:32:40", "text": "Streamyard open twice and it's biting"}, {"end": "00:32:45", "start": "00:32:42", "text": "biting itself, but"}, {"end": "00:32:45", "start": "00:32:43", "text": ">> I'm trying to do too much."}, {"end": "00:32:47", "start": "00:32:45", "text": ">> Yeah,"}, {"end": "00:32:49", "start": "00:32:45", "text": ">> trying to do. Um anyway, all right. So,"}, {"end": "00:32:51", "start": "00:32:47", "text": "I just want people are people are"}, {"end": "00:32:53", "start": "00:32:49", "text": "hitting me with their one picks and"}, {"end": "00:32:57", "start": "00:32:51", "text": "there's a lot, you know, AVAX, Arrow,"}, {"end": "00:33:00", "start": "00:32:53", "text": "Athena, not a bad pick. Hype obviously"}, {"end": "00:33:01", "start": "00:32:57", "text": "near over uni tow you guys are picking"}, {"end": "00:33:02", "start": "00:33:00", "text": "all my"}, {"end": "00:33:05", "start": "00:33:01", "text": ">> and I agree. Near over uni, but I'm"}, {"end": "00:33:06", "start": "00:33:02", "text": "buying both today, right? I'm buying"}, {"end": "00:33:08", "start": "00:33:05", "text": "both."}, {"end": "00:33:11", "start": "00:33:06", "text": ">> Yeah, I did well. I'm already up up good"}, {"end": "00:33:13", "start": "00:33:08", "text": "on both of them. So, u audio is better."}, {"end": "00:33:16", "start": "00:33:11", "text": "Yeah. Okay. A lot of Athena, a lot of"}, {"end": "00:33:18", "start": "00:33:13", "text": "Tao, BBV,"}, {"end": "00:33:20", "start": "00:33:16", "text": "mana. Oh, come on, man. Such a troll."}, {"end": "00:33:20", "start": "00:33:18", "text": "Such a troll."}, {"end": "00:33:22", "start": "00:33:20", "text": ">> Oh my god."}, {"end": "00:33:24", "start": "00:33:20", "text": ">> I was telling somebody to sell their"}, {"end": "00:33:25", "start": "00:33:22", "text": "mana in school today or like that man,"}, {"end": "00:33:27", "start": "00:33:24", "text": "you know, mana had pumped the other day."}, {"end": "00:33:28", "start": "00:33:25", "text": "I'm like, this is your chance. This is"}, {"end": "00:33:30", "start": "00:33:27", "text": "your chance to rotate it. And then"}, {"end": "00:33:32", "start": "00:33:28", "text": "they're like, I didn't do it. Part of me"}, {"end": "00:33:35", "start": "00:33:30", "text": "wants to hold back for breaking. They're"}, {"end": "00:33:36", "start": "00:33:32", "text": "down like 99%. It's like it's it ain't"}, {"end": "00:33:38", "start": "00:33:35", "text": "you're not getting back to even on that"}, {"end": "00:33:38", "start": "00:33:36", "text": "one. I'm sorry, dear. It ain't"}, {"end": "00:33:39", "start": "00:33:38", "text": "happening."}, {"end": "00:33:41", "start": "00:33:38", "text": ">> Yeah, there's a lot that aren't going to"}, {"end": "00:33:43", "start": "00:33:39", "text": "come back. I mean, then that's the kind"}, {"end": "00:33:46", "start": "00:33:41", "text": "of the uncomfortable hard conversation"}, {"end": "00:33:50", "start": "00:33:43", "text": "that I'm more unpopular for having than"}, {"end": "00:33:53", "start": "00:33:46", "text": "not is highlighting how many of these"}, {"end": "00:33:54", "start": "00:33:50", "text": "coins are going to go to zero. Um, you"}, {"end": "00:33:56", "start": "00:33:53", "text": "know, it is what it is."}, {"end": "00:33:58", "start": "00:33:54", "text": ">> You see, sorry, sorry to, you know,"}, {"end": "00:33:59", "start": "00:33:56", "text": "derail [clears throat] things, but the"}, {"end": "00:34:01", "start": "00:33:58", "text": "the Mirage thing, like I can't believe"}, {"end": "00:34:02", "start": "00:33:59", "text": "he's still out there getting keynotes"}, {"end": "00:34:04", "start": "00:34:01", "text": "talking about memecoins, but did you see"}, {"end": "00:34:07", "start": "00:34:02", "text": "his list of like two years? It was"}, {"end": "00:34:09", "start": "00:34:04", "text": "yesterday. Two years ago, yesterday, he"}, {"end": "00:34:11", "start": "00:34:07", "text": "had this list and his projected market"}, {"end": "00:34:13", "start": "00:34:09", "text": "caps of where these meme coins would be."}, {"end": "00:34:15", "start": "00:34:11", "text": "Every single coin on that list was down"}, {"end": "00:34:18", "start": "00:34:13", "text": "99 something%."}, {"end": "00:34:19", "start": "00:34:15", "text": ">> 99 point something%."}, {"end": "00:34:20", "start": "00:34:18", "text": ">> Yeah. Absolutely."}, {"end": "00:34:22", "start": "00:34:19", "text": ">> And that's something me and you got to"}, {"end": "00:34:25", "start": "00:34:20", "text": "accept, TJ. It's like we're never going"}, {"end": "00:34:26", "start": "00:34:22", "text": "to be the popular guy that is able to"}, {"end": "00:34:27", "start": "00:34:25", "text": "shield these meme coins. And I don't"}, {"end": "00:34:30", "start": "00:34:26", "text": "think it's useful."}, {"end": "00:34:33", "start": "00:34:27", "text": ">> Well, it's No, it's"}, {"end": "00:34:35", "start": "00:34:30", "text": "it's criminal really. Like I I really"}, {"end": "00:34:36", "start": "00:34:33", "text": "makes me sick that they get away with"}, {"end": "00:34:38", "start": "00:34:35", "text": "shilling these meme coins and they're"}, {"end": "00:34:39", "start": "00:34:36", "text": "just leading people to the slaughter"}, {"end": "00:34:40", "start": "00:34:38", "text": "over and over and over and over and over"}, {"end": "00:34:43", "start": "00:34:39", "text": "and over and over and over. So"}, {"end": "00:34:45", "start": "00:34:40", "text": ">> super chatting us for safe moon you son"}, {"end": "00:34:48", "start": "00:34:43", "text": "of a he's just having a good time."}, {"end": "00:34:49", "start": "00:34:45", "text": ">> Unbelievable. Yeah with you. Yeah."}, {"end": "00:34:50", "start": "00:34:48", "text": ">> Yeah."}, {"end": "00:34:51", "start": "00:34:49", "text": ">> Anyway, go ahead."}, {"end": "00:34:54", "start": "00:34:50", "text": ">> Well, Vitalik's feeling the same way. He"}, {"end": "00:34:56", "start": "00:34:51", "text": "says that Pump Fund has killed memecoins"}, {"end": "00:34:58", "start": "00:34:54", "text": "turning new retail investors into"}, {"end": "00:35:01", "start": "00:34:56", "text": ">> entering the crypto space into"}, {"end": "00:35:03", "start": "00:34:58", "text": "degenerate gamblers with no realworld"}, {"end": "00:35:05", "start": "00:35:01", "text": "use. the industry will die fast. He's"}, {"end": "00:35:08", "start": "00:35:03", "text": "just going straight for the throat on"}, {"end": "00:35:10", "start": "00:35:05", "text": "the memecoin industry. And honestly,"}, {"end": "00:35:12", "start": "00:35:08", "text": "more power to him. I'm liking this alien"}, {"end": "00:35:14", "start": "00:35:10", "text": "more and more. The more I listen to him,"}, {"end": "00:35:16", "start": "00:35:12", "text": ">> I'm I'm in on this. I think they need to"}, {"end": "00:35:18", "start": "00:35:14", "text": "I mean, I think regulation needs to"}, {"end": "00:35:21", "start": "00:35:16", "text": "clamp down. It really like ultimately"}, {"end": "00:35:22", "start": "00:35:18", "text": "No, by the way, retail is not making"}, {"end": "00:35:23", "start": "00:35:21", "text": "money on memecoins. They're getting"}, {"end": "00:35:25", "start": "00:35:22", "text": "fleeced over and over and over and"}, {"end": "00:35:28", "start": "00:35:23", "text": "they're basically cover for"}, {"end": "00:35:30", "start": "00:35:25", "text": "moneyaundering. What is propping up pump"}, {"end": "00:35:32", "start": "00:35:28", "text": "fund and FOMO is moneyaundering. huge"}, {"end": "00:35:34", "start": "00:35:30", "text": "amounts of money gets poured in. They"}, {"end": "00:35:36", "start": "00:35:32", "text": "use these influencers. I don't know if"}, {"end": "00:35:39", "start": "00:35:34", "text": "these these Koss that are doing this are"}, {"end": "00:35:41", "start": "00:35:36", "text": "complicit or just stupid. Probably"}, {"end": "00:35:42", "start": "00:35:39", "text": ">> I think a lot of them are just stupid."}, {"end": "00:35:44", "start": "00:35:41", "text": ">> I think so. I don't think they"}, {"end": "00:35:46", "start": "00:35:42", "text": "understand. But uh for the most and and"}, {"end": "00:35:48", "start": "00:35:44", "text": "it's not and this is why I know it's not"}, {"end": "00:35:49", "start": "00:35:46", "text": "going to go away because there's an"}, {"end": "00:35:50", "start": "00:35:48", "text": "never- ending amount of dirty money out"}, {"end": "00:35:52", "start": "00:35:49", "text": "there that needs to be clean. There"}, {"end": "00:35:54", "start": "00:35:50", "text": "couldn't be a better place to do it than"}, {"end": "00:35:56", "start": "00:35:52", "text": "memecoins that just pump out of nowhere"}, {"end": "00:35:57", "start": "00:35:54", "text": "and you get it gets mixed up with all"}, {"end": "00:35:58", "start": "00:35:56", "text": "this retail money and then it comes out"}, {"end": "00:36:00", "start": "00:35:57", "text": "on the other side and hey, now it's"}, {"end": "00:36:03", "start": "00:35:58", "text": "clean. So yeah, nothing wrong with"}, {"end": "00:36:06", "start": "00:36:00", "text": "cleaning up a little money. Yeah, it it"}, {"end": "00:36:09", "start": "00:36:03", "text": "is what it is. But um yeah, aside from"}, {"end": "00:36:11", "start": "00:36:06", "text": "it being illegal, I guess. So yeah, I"}, {"end": "00:36:13", "start": "00:36:09", "text": "don't know. I just I'm Yeah, I'm so over"}, {"end": "00:36:15", "start": "00:36:11", "text": "the memecoin crowd and the people that"}, {"end": "00:36:17", "start": "00:36:13", "text": "push it and FOMOed and you know, like"}, {"end": "00:36:19", "start": "00:36:15", "text": "the fact that they had Mirage on stage"}, {"end": "00:36:21", "start": "00:36:17", "text": "and FOMOed and Pump Fun and all this"}, {"end": "00:36:23", "start": "00:36:19", "text": "stuff. It's just"}, {"end": "00:36:24", "start": "00:36:21", "text": "uh"}, {"end": "00:36:26", "start": "00:36:23", "text": "I don't know. It's a disservice to"}, {"end": "00:36:29", "start": "00:36:24", "text": "society. And I guess I I don't like it"}, {"end": "00:36:30", "start": "00:36:26", "text": "because I care about people. I know I'm"}, {"end": "00:36:31", "start": "00:36:29", "text": "not going to change it. I know it's"}, {"end": "00:36:33", "start": "00:36:30", "text": "going to keep getting worse. I know"}, {"end": "00:36:34", "start": "00:36:31", "text": "gambling is going to keep getting worse"}, {"end": "00:36:35", "start": "00:36:33", "text": "and memecoins is going to keep getting"}, {"end": "00:36:37", "start": "00:36:34", "text": "worse and people are going to keep"}, {"end": "00:36:38", "start": "00:36:35", "text": "getting wrecked over and over and over"}, {"end": "00:36:41", "start": "00:36:37", "text": "and over. But what sucks is like"}, {"end": "00:36:43", "start": "00:36:38", "text": "somebody can show up to this space with"}, {"end": "00:36:45", "start": "00:36:41", "text": "a,000 to $5,000 and make life-changing"}, {"end": "00:36:46", "start": "00:36:43", "text": "money. I've seen it happen more times"}, {"end": "00:36:49", "start": "00:36:45", "text": "than I can count."}, {"end": "00:36:51", "start": "00:36:46", "text": ">> Uh it it does it's extremely rare for"}, {"end": "00:36:54", "start": "00:36:49", "text": "that to happen in memecoins. I've also"}, {"end": "00:36:57", "start": "00:36:51", "text": "seen people show up and lose, you know,"}, {"end": "00:36:59", "start": "00:36:54", "text": "$5,000, $10,000, $20,000 in memecoins"}, {"end": "00:37:01", "start": "00:36:57", "text": "over and over and over and over and over"}, {"end": "00:37:03", "start": "00:36:59", "text": "again. Even if you do get in on the"}, {"end": "00:37:04", "start": "00:37:01", "text": "Cabal coin or the one that the money,"}, {"end": "00:37:05", "start": "00:37:03", "text": "you know, dirty money is pumping up for"}, {"end": "00:37:07", "start": "00:37:04", "text": "you, [clears throat]"}, {"end": "00:37:09", "start": "00:37:05", "text": ">> they'll cannibalize each other. At the"}, {"end": "00:37:12", "start": "00:37:07", "text": "end of the day, they cannibalize each"}, {"end": "00:37:14", "start": "00:37:09", "text": "other. Even if you do win for a short"}, {"end": "00:37:15", "start": "00:37:12", "text": "time, they keep you in the casino"}, {"end": "00:37:17", "start": "00:37:14", "text": ">> and you end up they know what they're"}, {"end": "00:37:18", "start": "00:37:15", "text": "doing. I mean, Pump Fund and FOMO, they"}, {"end": "00:37:20", "start": "00:37:17", "text": "know, you know, they're going to they're"}, {"end": "00:37:22", "start": "00:37:18", "text": "making tons of money, you know, and"}, {"end": "00:37:23", "start": "00:37:20", "text": "they're and they're probably, you know,"}, {"end": "00:37:25", "start": "00:37:22", "text": "they know what their purpose is is to"}, {"end": "00:37:27", "start": "00:37:23", "text": "clean money on this side and they get"}, {"end": "00:37:29", "start": "00:37:25", "text": "paid to do it. And then the retail money"}, {"end": "00:37:31", "start": "00:37:27", "text": "is just bonus, you know. So, again, I"}, {"end": "00:37:33", "start": "00:37:29", "text": "might feel like a a salt I feel I do"}, {"end": "00:37:35", "start": "00:37:31", "text": "feel like I'm the salty old man at this"}, {"end": "00:37:37", "start": "00:37:33", "text": "point in crypto, just, you know, like,"}, {"end": "00:37:41", "start": "00:37:35", "text": "you know, kids get off my lawn kind of"}, {"end": "00:37:42", "start": "00:37:37", "text": "thing. But, um, you know, it I just I"}, {"end": "00:37:43", "start": "00:37:41", "text": "wish it would get cleaned up. I really"}, {"end": "00:37:43", "start": "00:37:42", "text": "do."}, {"end": "00:37:44", "start": "00:37:43", "text": ">> Yeah."}, {"end": "00:37:46", "start": "00:37:43", "text": ">> It's the worst part about crypto right"}, {"end": "00:37:47", "start": "00:37:44", "text": "now. Well, I I think it's better for us"}, {"end": "00:37:49", "start": "00:37:46", "text": "to be on the record disavowing it"}, {"end": "00:37:51", "start": "00:37:47", "text": "regardless of if we can change it"}, {"end": "00:37:52", "start": "00:37:49", "text": "tangibly ourselves or not, you know, and"}, {"end": "00:37:55", "start": "00:37:51", "text": "there's still lots of money to be made"}, {"end": "00:37:58", "start": "00:37:52", "text": "and interesting technology like renting"}, {"end": "00:38:02", "start": "00:37:55", "text": "out GPUs within the potential tow"}, {"end": "00:38:05", "start": "00:37:58", "text": "ecosystem is a angle you can take if you"}, {"end": "00:38:09", "start": "00:38:02", "text": "want to conceptually invest in something"}, {"end": "00:38:11", "start": "00:38:05", "text": "that can potentially go as ballistic as"}, {"end": "00:38:15", "start": "00:38:09", "text": "one of those meme coins. And this is an"}, {"end": "00:38:18", "start": "00:38:11", "text": "interesting one. So, Liam.io IO is this"}, {"end": "00:38:22", "start": "00:38:15", "text": "is basically renting out GPUs within the"}, {"end": "00:38:25", "start": "00:38:18", "text": "potential tow subnet ecosystem. This is"}, {"end": "00:38:26", "start": "00:38:22", "text": "the chart here. And at the darkest hour"}, {"end": "00:38:30", "start": "00:38:25", "text": "of the bare market, things were very"}, {"end": "00:38:32", "start": "00:38:26", "text": "bad. Went down to about $8 a token. It's"}, {"end": "00:38:36", "start": "00:38:30", "text": "sitting at around $27 a token. This one"}, {"end": "00:38:38", "start": "00:38:32", "text": "has my eye. And I told you guys that I'd"}, {"end": "00:38:39", "start": "00:38:36", "text": "start mapping out the potenc ecosystem"}, {"end": "00:38:42", "start": "00:38:38", "text": "because I feel like some bucks are to be"}, {"end": "00:38:44", "start": "00:38:39", "text": "made here. And I want a basic bump and"}, {"end": "00:38:46", "start": "00:38:42", "text": "run from the center point of this W"}, {"end": "00:38:49", "start": "00:38:44", "text": "pattern. Very basic hillbilly TA here."}, {"end": "00:38:52", "start": "00:38:46", "text": "This ain't nothing special. Looking for"}, {"end": "00:38:54", "start": "00:38:49", "text": "about 20 bucks. Nothing incredible. But"}, {"end": "00:38:57", "start": "00:38:52", "text": "the reason why I like this is it's a"}, {"end": "00:39:00", "start": "00:38:54", "text": "very low market cap, a very undervalued"}, {"end": "00:39:03", "start": "00:38:57", "text": "ecosystem that if the potential tow"}, {"end": "00:39:06", "start": "00:39:00", "text": "subnet ecosystem is able to catch that"}, {"end": "00:39:08", "start": "00:39:03", "text": "bid that many of these massive massive"}, {"end": "00:39:11", "start": "00:39:06", "text": "uh you know organizations and players in"}, {"end": "00:39:12", "start": "00:39:08", "text": "this market are talking about it doing"}, {"end": "00:39:17", "start": "00:39:11", "text": "this number is going to be instead of an"}, {"end": "00:39:20", "start": "00:39:12", "text": "M a B. So I like keeping an eye out on"}, {"end": "00:39:22", "start": "00:39:17", "text": "things like this is the same reason why"}, {"end": "00:39:24", "start": "00:39:20", "text": "I wanted to watch you know render and I"}, {"end": "00:39:26", "start": "00:39:22", "text": "still keep an eye on render right the"}, {"end": "00:39:31", "start": "00:39:24", "text": "idea of shared compute is something that"}, {"end": "00:39:33", "start": "00:39:26", "text": "we have to keep in mind. Um now yeah TJ"}, {"end": "00:39:34", "start": "00:39:31", "text": "has now converted to the lawn yeller"}, {"end": "00:39:37", "start": "00:39:33", "text": "with me. Do you see that?"}, {"end": "00:39:39", "start": "00:39:34", "text": ">> No. Where where does it say that? Yeah,"}, {"end": "00:39:41", "start": "00:39:37", "text": ">> you've been that's how I feel, you know,"}, {"end": "00:39:43", "start": "00:39:39", "text": "like I feel like I'm yelling at the kids"}, {"end": "00:39:46", "start": "00:39:41", "text": "like, you know, you know, turn your damn"}, {"end": "00:39:48", "start": "00:39:43", "text": "music down, you know, but"}, {"end": "00:39:50", "start": "00:39:46", "text": ">> um you know, I just I guess I I have a"}, {"end": "00:39:52", "start": "00:39:48", "text": "lot of empathy for people. Uh and I see"}, {"end": "00:39:54", "start": "00:39:50", "text": "Gen Z even I see a lot of millennials"}, {"end": "00:39:56", "start": "00:39:52", "text": "falling into this trap, but especially"}, {"end": "00:39:58", "start": "00:39:54", "text": "the younger generation, they don't know"}, {"end": "00:40:00", "start": "00:39:56", "text": "what they don't know. They think some of"}, {"end": "00:40:01", "start": "00:39:58", "text": "this stuff is real. They're falling for"}, {"end": "00:40:03", "start": "00:40:00", "text": "the social media hype. I mean I and I do"}, {"end": "00:40:04", "start": "00:40:01", "text": "think people are wising up obvious"}, {"end": "00:40:06", "start": "00:40:03", "text": "especially our generation people that"}, {"end": "00:40:09", "start": "00:40:04", "text": "you know the millennials that have a"}, {"end": "00:40:10", "start": "00:40:06", "text": "little bit of money. Um you know but I"}, {"end": "00:40:11", "start": "00:40:09", "text": "mean it's the same I mean same thing"}, {"end": "00:40:12", "start": "00:40:10", "text": "with sports betting and stuff. I see"}, {"end": "00:40:15", "start": "00:40:11", "text": "people you know it's they're it's"}, {"end": "00:40:17", "start": "00:40:12", "text": "addictive like it and I if you know I"}, {"end": "00:40:19", "start": "00:40:15", "text": "just don't like seeing people get"}, {"end": "00:40:21", "start": "00:40:17", "text": "addicted to things that damage their"}, {"end": "00:40:24", "start": "00:40:19", "text": "life. You know I've been there before."}, {"end": "00:40:26", "start": "00:40:21", "text": "I've come through it. Um, and I just"}, {"end": "00:40:28", "start": "00:40:24", "text": "want to see people win, you know, and"}, {"end": "00:40:30", "start": "00:40:26", "text": "and I know, you know, you go look at the"}, {"end": "00:40:31", "start": "00:40:28", "text": "stats on I mean, if you go dig into it"}, {"end": "00:40:33", "start": "00:40:30", "text": "on FOMO mode, most people don't win. All"}, {"end": "00:40:35", "start": "00:40:31", "text": "those wallets that they show you on the"}, {"end": "00:40:37", "start": "00:40:33", "text": "leaderboard are in, you know, are not"}, {"end": "00:40:40", "start": "00:40:35", "text": "actual traders. They're retail, you"}, {"end": "00:40:42", "start": "00:40:37", "text": "know, they're designed to inspire you"}, {"end": "00:40:45", "start": "00:40:40", "text": "and to bait you into thinking that could"}, {"end": "00:40:47", "start": "00:40:42", "text": "be me. And, you know, it's just,"}, {"end": "00:40:49", "start": "00:40:45", "text": "I don't know, this is just a dirty ugly"}, {"end": "00:40:51", "start": "00:40:47", "text": "space. And it's, you know, it's just the"}, {"end": "00:40:54", "start": "00:40:49", "text": "reality of markets. you know, free"}, {"end": "00:40:57", "start": "00:40:51", "text": "market comes with um, you know, free"}, {"end": "00:40:58", "start": "00:40:54", "text": "market games. And I don't I'm conflicted"}, {"end": "00:41:00", "start": "00:40:57", "text": "on it because I am a free market"}, {"end": "00:41:01", "start": "00:40:58", "text": "advocate. You know, I don't think the"}, {"end": "00:41:03", "start": "00:41:00", "text": "go, you know, I don't want to call on"}, {"end": "00:41:05", "start": "00:41:01", "text": "government should step in and protect"}, {"end": "00:41:08", "start": "00:41:03", "text": "people from themselves, but I just wish"}, {"end": "00:41:11", "start": "00:41:05", "text": "I just wish people would step up and"}, {"end": "00:41:13", "start": "00:41:08", "text": "wise up. And, you know, I don't know. I"}, {"end": "00:41:14", "start": "00:41:11", "text": "guess it's very conflicting for me cuz"}, {"end": "00:41:16", "start": "00:41:13", "text": ">> well I want to kind of stay on this for"}, {"end": "00:41:19", "start": "00:41:14", "text": "a minute because I've been thinking"}, {"end": "00:41:21", "start": "00:41:16", "text": "about why we are the way we are as a"}, {"end": "00:41:25", "start": "00:41:19", "text": "society and"}, {"end": "00:41:27", "start": "00:41:21", "text": "I really think that we've devolved into"}, {"end": "00:41:30", "start": "00:41:25", "text": "a world of gamblers because of the"}, {"end": "00:41:32", "start": "00:41:27", "text": "amount of money that's been printed. Oh,"}, {"end": "00:41:34", "start": "00:41:30", "text": ">> of course. And you know, the average"}, {"end": "00:41:36", "start": "00:41:32", "text": "I've talked about the the the new"}, {"end": "00:41:39", "start": "00:41:34", "text": "American dream is not to work hard for"}, {"end": "00:41:42", "start": "00:41:36", "text": "40 or 50 years and then retire and hand"}, {"end": "00:41:43", "start": "00:41:39", "text": "it over to your kids and move on. I"}, {"end": "00:41:46", "start": "00:41:42", "text": "mean, basically, if you're a millennial"}, {"end": "00:41:48", "start": "00:41:43", "text": "or a Gen X, you want to hit it big. You"}, {"end": "00:41:50", "start": "00:41:46", "text": "want to get rich over the course of a"}, {"end": "00:41:53", "start": "00:41:48", "text": "month and retire early and then put all"}, {"end": "00:41:55", "start": "00:41:50", "text": "of it on Instagram and get some babes."}, {"end": "00:41:57", "start": "00:41:53", "text": ">> Yes. and they and they want to do and"}, {"end": "00:41:59", "start": "00:41:55", "text": "even if like long-term is like a you"}, {"end": "00:42:00", "start": "00:41:57", "text": "know three or four years that it's you"}, {"end": "00:42:02", "start": "00:41:59", "text": "know it comes back to the attention span"}, {"end": "00:42:05", "start": "00:42:00", "text": "and all that sort like you tell somebody"}, {"end": "00:42:06", "start": "00:42:02", "text": "who's hey you're 25 if you invest this"}, {"end": "00:42:09", "start": "00:42:05", "text": "way you'll be you know you'll have"}, {"end": "00:42:12", "start": "00:42:06", "text": "millions by 45 you know they'll be like"}, {"end": "00:42:14", "start": "00:42:09", "text": "20 years that's forever"}, {"end": "00:42:16", "start": "00:42:12", "text": ">> I'll be dead by then I'll be conscripted"}, {"end": "00:42:18", "start": "00:42:14", "text": "into the Middle East by then in the next"}, {"end": "00:42:19", "start": "00:42:16", "text": "few years I need to get rich now"}, {"end": "00:42:21", "start": "00:42:18", "text": ">> right and that's why I do say we're not"}, {"end": "00:42:22", "start": "00:42:19", "text": "going to change this because you're"}, {"end": "00:42:24", "start": "00:42:21", "text": "absolutely right it is a result of"}, {"end": "00:42:26", "start": "00:42:22", "text": "inflation it is a result of money"}, {"end": "00:42:28", "start": "00:42:24", "text": "printing. And I highly encourage if you"}, {"end": "00:42:31", "start": "00:42:26", "text": "haven't read the Bitcoin standard,"}, {"end": "00:42:32", "start": "00:42:28", "text": "everybody go read that. It is a just a"}, {"end": "00:42:34", "start": "00:42:31", "text": "three4s of the book, they don't even say"}, {"end": "00:42:36", "start": "00:42:32", "text": "the word Bitcoin. It's just a monetary"}, {"end": "00:42:38", "start": "00:42:34", "text": "history lesson."}, {"end": "00:42:40", "start": "00:42:36", "text": ">> And there has been many many many many"}, {"end": "00:42:43", "start": "00:42:38", "text": "times throughout history in society"}, {"end": "00:42:44", "start": "00:42:40", "text": "where money starts to get debased. And"}, {"end": "00:42:48", "start": "00:42:43", "text": "what we're talking about now is always"}, {"end": "00:42:50", "start": "00:42:44", "text": "the result of that. It always produces a"}, {"end": "00:42:51", "start": "00:42:48", "text": "gambling economy because and because you"}, {"end": "00:42:53", "start": "00:42:50", "text": "can't keep up with inflation and the"}, {"end": "00:42:55", "start": "00:42:51", "text": "worse inflation gets the more risk you"}, {"end": "00:42:58", "start": "00:42:53", "text": "have to take on and then it does turn"}, {"end": "00:42:59", "start": "00:42:55", "text": "into just degenerate gambling. Um and"}, {"end": "00:43:01", "start": "00:42:58", "text": "we're not and that ain't going to change"}, {"end": "00:43:03", "start": "00:42:59", "text": "either. We're about to hit a new another"}, {"end": "00:43:06", "start": "00:43:01", "text": "huge inflation wave and and again you"}, {"end": "00:43:08", "start": "00:43:03", "text": "think the inflation's bad in the US it's"}, {"end": "00:43:10", "start": "00:43:06", "text": "way it's worse in the entire rest of the"}, {"end": "00:43:11", "start": "00:43:08", "text": "world. So again, we're insulated. We're"}, {"end": "00:43:14", "start": "00:43:10", "text": "the closest to the printer if you"}, {"end": "00:43:18", "start": "00:43:11", "text": "understand the catillian effect. Even"}, {"end": "00:43:20", "start": "00:43:14", "text": "retail US main street is closer than"}, {"end": "00:43:21", "start": "00:43:18", "text": "most of the rest, especially developing"}, {"end": "00:43:24", "start": "00:43:20", "text": "nations, but even other first world"}, {"end": "00:43:25", "start": "00:43:21", "text": "countries. So bonds are going up in the"}, {"end": "00:43:28", "start": "00:43:24", "text": "US while they're going up more other"}, {"end": "00:43:30", "start": "00:43:25", "text": "places. So it's it's just a big game."}, {"end": "00:43:31", "start": "00:43:28", "text": "They know they're going to inflate the"}, {"end": "00:43:33", "start": "00:43:30", "text": "debt away. We're working on another"}, {"end": "00:43:35", "start": "00:43:31", "text": "video. If you guys saw the you know,"}, {"end": "00:43:37", "start": "00:43:33", "text": "Trump made that quote about, oh, you"}, {"end": "00:43:40", "start": "00:43:35", "text": "know, we can just inflate the debt away."}, {"end": "00:43:41", "start": "00:43:37", "text": "Uh, oh, you need a book list. Here's the"}, {"end": "00:43:43", "start": "00:43:40", "text": "book list everybody should read if"}, {"end": "00:43:46", "start": "00:43:41", "text": "you're in crypto. You should you should"}, {"end": "00:43:47", "start": "00:43:43", "text": "study Andreas Antonopoulos. You know, a"}, {"end": "00:43:50", "start": "00:43:46", "text": "lot of his stuff is in the internet of"}, {"end": "00:43:51", "start": "00:43:47", "text": "money. I I prefer his actual videos than"}, {"end": "00:43:53", "start": "00:43:50", "text": "the actual book, but read the internet"}, {"end": "00:43:55", "start": "00:43:51", "text": "of money. You definitely need to read"}, {"end": "00:43:57", "start": "00:43:53", "text": "the Bitcoin standard. You digital gold"}, {"end": "00:43:59", "start": "00:43:55", "text": "is a really good one just because it's a"}, {"end": "00:44:00", "start": "00:43:57", "text": "story based and it's fun. It'll get you"}, {"end": "00:44:02", "start": "00:43:59", "text": "the earies of I'm pretty sure this is"}, {"end": "00:44:04", "start": "00:44:00", "text": "the one that goes through like Charlie"}, {"end": "00:44:07", "start": "00:44:02", "text": "Shrem, Eric Vorhees, Winklvi, you know,"}, {"end": "00:44:09", "start": "00:44:04", "text": "very early days of Bitcoin. Uh, and"}, {"end": "00:44:11", "start": "00:44:07", "text": "Bitcoin Billionaires is specifically The"}, {"end": "00:44:13", "start": "00:44:09", "text": "Winkle of Eye. So, you got two kind of"}, {"end": "00:44:16", "start": "00:44:11", "text": "story-based ones, two highly educational"}, {"end": "00:44:17", "start": "00:44:13", "text": "ones. Um, you know, if you want you want"}, {"end": "00:44:20", "start": "00:44:16", "text": "one that's a little bit more boring, The"}, {"end": "00:44:21", "start": "00:44:17", "text": "Richest Man in Babylon is another good"}, {"end": "00:44:22", "start": "00:44:20", "text": "one. Uh, so there you go. That should"}, {"end": "00:44:24", "start": "00:44:21", "text": "keep you busy for a while."}, {"end": "00:44:26", "start": "00:44:22", "text": ">> Absolutely. You know, and if you have"}, {"end": "00:44:29", "start": "00:44:24", "text": "children, I don't know how Oh god, I"}, {"end": "00:44:32", "start": "00:44:26", "text": "feel so unhinged right now."}, {"end": "00:44:35", "start": "00:44:29", "text": "So books for children and especially"}, {"end": "00:44:37", "start": "00:44:32", "text": "boys are boring because in school"}, {"end": "00:44:38", "start": "00:44:35", "text": "they're trying to teach your boy about"}, {"end": "00:44:41", "start": "00:44:37", "text": "gardening. He doesn't care about"}, {"end": "00:44:44", "start": "00:44:38", "text": "gardening. They do not care. What they"}, {"end": "00:44:47", "start": "00:44:41", "text": "care about is exciting things like war"}, {"end": "00:44:48", "start": "00:44:44", "text": "or you know crazy stuff. So I've been"}, {"end": "00:44:51", "start": "00:44:47", "text": "reading a lot of World War II books to"}, {"end": "00:44:53", "start": "00:44:48", "text": "my son. He is enthralled. He's very"}, {"end": "00:44:55", "start": "00:44:51", "text": "active with reading now and he loves it."}, {"end": "00:44:57", "start": "00:44:53", "text": "We're you know we're about to make the"}, {"end": "00:44:59", "start": "00:44:55", "text": "step towards world history. Are we"}, {"end": "00:45:00", "start": "00:44:57", "text": "dumping right now? Yeah, pull up the"}, {"end": "00:45:01", "start": "00:44:59", "text": ">> What kind of dumb"}, {"end": "00:45:04", "start": "00:45:00", "text": ">> five minute chart? I guess"}, {"end": "00:45:06", "start": "00:45:01", "text": ">> this is huge. This is I mean God"}, {"end": "00:45:06", "start": "00:45:04", "text": "[laughter]"}, {"end": "00:45:14", "start": "00:45:07", "text": ">> it's over. Yeah, you're right. End the"}, {"end": "00:45:15", "start": "00:45:10", "text": "show. We're done. Uh we're at $82,000."}, {"end": "00:45:18", "start": "00:45:14", "text": "So,"}, {"end": "00:45:21", "start": "00:45:15", "text": "no, we're not dumping. Maybe we can get"}, {"end": "00:45:23", "start": "00:45:18", "text": "a better pullback on those. Uh see,"}, {"end": "00:45:23", "start": "00:45:21", "text": ">> go to the Let me see it on the 4 hour."}, {"end": "00:45:24", "start": "00:45:23", "text": "I'm just curious."}, {"end": "00:45:26", "start": "00:45:23", "text": ">> All right, let's go look at the hour."}, {"end": "00:45:27", "start": "00:45:24", "text": ">> Are we hitting some support levels yet?"}, {"end": "00:45:29", "start": "00:45:26", "text": "I mean, we're back under the 50week"}, {"end": "00:45:31", "start": "00:45:27", "text": "moving average, which kind of a bummer,"}, {"end": "00:45:32", "start": "00:45:29", "text": "but not not the end of the world."}, {"end": "00:45:34", "start": "00:45:31", "text": ">> There's a bump and run scenario."}, {"end": "00:45:36", "start": "00:45:32", "text": ">> I'm not seeing your screen, by the way."}, {"end": "00:45:38", "start": "00:45:34", "text": "I'm still I'm seeing so long."}, {"end": "00:45:40", "start": "00:45:36", "text": ">> This is a simple bump and run process."}, {"end": "00:45:42", "start": "00:45:38", "text": "Simple bump and run process right now."}, {"end": "00:45:44", "start": "00:45:40", "text": "So,"}, {"end": "00:45:45", "start": "00:45:42", "text": ">> I'd figure that we're going to find our"}, {"end": "00:45:47", "start": "00:45:44", "text": "bounce around, you know, with the"}, {"end": "00:45:49", "start": "00:45:45", "text": "continued velocity. This volume node's"}, {"end": "00:45:51", "start": "00:45:47", "text": "probably going to act as a magnet at"}, {"end": "00:45:54", "start": "00:45:49", "text": "81,0003."}, {"end": "00:45:57", "start": "00:45:51", "text": "4hour hasn't uh clipped any sort of"}, {"end": "00:46:00", "start": "00:45:54", "text": "reversal signal. You saw the VWOP tried"}, {"end": "00:46:03", "start": "00:45:57", "text": "to reverse failed moving back down."}, {"end": "00:46:04", "start": "00:46:00", "text": "Stochastic standard RSI nasty angle to"}, {"end": "00:46:07", "start": "00:46:03", "text": "the downside. You still have plenty of"}, {"end": "00:46:09", "start": "00:46:04", "text": "room to drop on the daily money flow as"}, {"end": "00:46:11", "start": "00:46:07", "text": "well. Riding off of that fresh red dot,"}, {"end": "00:46:12", "start": "00:46:09", "text": "which I told everyone in our school two"}, {"end": "00:46:16", "start": "00:46:11", "text": "days ago this is going to happen. Here"}, {"end": "00:46:20", "start": "00:46:12", "text": "we are. Um, now what we what we'll wait"}, {"end": "00:46:22", "start": "00:46:16", "text": "for and want to see is a higher low"}, {"end": "00:46:24", "start": "00:46:20", "text": "momentum wave to clip back to the upside"}, {"end": "00:46:25", "start": "00:46:22", "text": "over the course of the next few days"}, {"end": "00:46:27", "start": "00:46:24", "text": "leading into the weekend. If we see"}, {"end": "00:46:29", "start": "00:46:25", "text": "that, then we can kind of paint that"}, {"end": "00:46:32", "start": "00:46:27", "text": "picture of a clear bounce point. But you"}, {"end": "00:46:35", "start": "00:46:29", "text": "can see that volume node at 813 812 very"}, {"end": "00:46:39", "start": "00:46:32", "text": "clear. You lose that fast ride to 78."}, {"end": "00:46:42", "start": "00:46:35", "text": "Fast ride to 7877. So not too bad of a"}, {"end": "00:46:44", "start": "00:46:39", "text": "scenario, honestly. And there's so much"}, {"end": "00:46:44", "start": "00:46:42", "text": "that I left on the table with that book"}, {"end": "00:46:46", "start": "00:46:44", "text": "conversation."}, {"end": "00:46:47", "start": "00:46:44", "text": ">> Yeah, sorry. You can go back to that. I"}, {"end": "00:46:51", "start": "00:46:46", "text": "guess they were talking about near and"}, {"end": "00:46:52", "start": "00:46:47", "text": "pulling back. You got $4.90 on near, but"}, {"end": "00:46:53", "start": "00:46:51", "text": ">> these are these are good entries that"}, {"end": "00:46:55", "start": "00:46:52", "text": "you guys should be keeping an eye on."}, {"end": "00:46:56", "start": "00:46:53", "text": "But yeah, where were we going? You were"}, {"end": "00:46:58", "start": "00:46:55", "text": "reading in World War II books. I think"}, {"end": "00:47:00", "start": "00:46:56", "text": "that the Bolevik revolution is"}, {"end": "00:47:04", "start": "00:46:58", "text": "understudied, undertalked about, and I"}, {"end": "00:47:06", "start": "00:47:00", "text": "think that it's left out of history on"}, {"end": "00:47:09", "start": "00:47:04", "text": "purpose to show just the immense scale"}, {"end": "00:47:11", "start": "00:47:06", "text": "of what led up to World War II and the"}, {"end": "00:47:13", "start": "00:47:09", "text": "sentiment that caused World War II has"}, {"end": "00:47:16", "start": "00:47:11", "text": "been left in the dark obviously because"}, {"end": "00:47:17", "start": "00:47:13", "text": "it's"}, {"end": "00:47:19", "start": "00:47:16", "text": "and that's where I'm just going to leave"}, {"end": "00:47:22", "start": "00:47:17", "text": "it there. I'm just going to leave it"}, {"end": "00:47:24", "start": "00:47:19", "text": "there. I can't keep going because I want"}, {"end": "00:47:25", "start": "00:47:22", "text": "us to continue having a YouTube channel,"}, {"end": "00:47:27", "start": "00:47:24", "text": "TJ. Okay,"}, {"end": "00:47:29", "start": "00:47:25", "text": ">> you can study most revolutions though. I"}, {"end": "00:47:31", "start": "00:47:27", "text": "mean, and again, that's what it's"}, {"end": "00:47:32", "start": "00:47:29", "text": "interesting about the Bitcoin standard"}, {"end": "00:47:35", "start": "00:47:31", "text": "is it, you know, you could look at the"}, {"end": "00:47:37", "start": "00:47:32", "text": "events that precede revolutions and how"}, {"end": "00:47:40", "start": "00:47:35", "text": "you slowly get there, you know, 50 years"}, {"end": "00:47:41", "start": "00:47:37", "text": "before. And, you know, we're in the four"}, {"end": "00:47:42", "start": "00:47:40", "text": "uh what's the fourth turn? Is it the"}, {"end": "00:47:44", "start": "00:47:41", "text": "fourth turning? Is that the name of the"}, {"end": "00:47:45", "start": "00:47:42", "text": "book that that guy wrote that talks"}, {"end": "00:47:47", "start": "00:47:44", "text": "about fourth turning?"}, {"end": "00:47:48", "start": "00:47:45", "text": ">> No, no, no, no, no. He got that. He"}, {"end": "00:47:50", "start": "00:47:47", "text": "didn't invent that concept. It's the"}, {"end": "00:47:51", "start": "00:47:48", "text": "There's another book. I'll I'll find it."}, {"end": "00:47:54", "start": "00:47:50", "text": "I'll put it in here in just a minute,"}, {"end": "00:47:56", "start": "00:47:51", "text": "but I can't off top my head. Well, Aerod"}, {"end": "00:47:58", "start": "00:47:54", "text": "Drrome doesn't care about this drop."}, {"end": "00:48:01", "start": "00:47:56", "text": "Unfortunately, it's still sitting here"}, {"end": "00:48:04", "start": "00:47:58", "text": "at 80 80 cents a piece. This is driving"}, {"end": "00:48:08", "start": "00:48:01", "text": "me nuts. Um, I did add Arrow and bought"}, {"end": "00:48:10", "start": "00:48:04", "text": "it at 60 cents, but I want more Aerod"}, {"end": "00:48:12", "start": "00:48:08", "text": "Drromes on my buy list as well, and it's"}, {"end": "00:48:14", "start": "00:48:10", "text": "still being very, very buoyant in that"}, {"end": "00:48:17", "start": "00:48:12", "text": "80 cent realm. Might just have to add"}, {"end": "00:48:20", "start": "00:48:14", "text": "here. But really, you know, this is on"}, {"end": "00:48:21", "start": "00:48:17", "text": "the weekly time frame for Aer Drrome."}, {"end": "00:48:23", "start": "00:48:20", "text": "And"}, {"end": "00:48:26", "start": "00:48:21", "text": "what in the world is going on here? This"}, {"end": "00:48:30", "start": "00:48:23", "text": "is not right. Hold on. You see this API"}, {"end": "00:48:31", "start": "00:48:26", "text": "on Trading View? That's like flatlining."}, {"end": "00:48:34", "start": "00:48:30", "text": "I have to go to Coin Market Cap, see if"}, {"end": "00:48:37", "start": "00:48:31", "text": "it's the same way. Is Aerodrome like"}, {"end": "00:48:39", "start": "00:48:34", "text": "stuck being still here? No, it's at 82"}, {"end": "00:48:43", "start": "00:48:37", "text": "cents. Yeah, they got a screwed up API"}, {"end": "00:48:45", "start": "00:48:39", "text": "on uh on on that Trading View chart. So,"}, {"end": "00:48:46", "start": "00:48:43", "text": "yeah, Aerodrome is being very very"}, {"end": "00:48:47", "start": "00:48:45", "text": "buoyant. And there's a reason why"}, {"end": "00:48:50", "start": "00:48:46", "text": "Aerodrome actually had a pretty big"}, {"end": "00:48:52", "start": "00:48:47", "text": "integration announcement. And this is a"}, {"end": "00:48:55", "start": "00:48:50", "text": "very very new project. So be careful,"}, {"end": "00:48:58", "start": "00:48:52", "text": "okay? But"}, {"end": "00:49:02", "start": "00:48:55", "text": "base network can now be private. Null"}, {"end": "00:49:05", "start": "00:48:58", "text": "mask is went live on base and it's"}, {"end": "00:49:07", "start": "00:49:02", "text": "private swaps via aerod drrome. And"}, {"end": "00:49:10", "start": "00:49:05", "text": "aerodrome seems very very excited about"}, {"end": "00:49:12", "start": "00:49:07", "text": "this integration. Now again, and this is"}, {"end": "00:49:14", "start": "00:49:10", "text": "I you want stuff that can go ballistic"}, {"end": "00:49:17", "start": "00:49:12", "text": "for you that's not a clear meme coin"}, {"end": "00:49:18", "start": "00:49:14", "text": "that's literally there to gut your value"}, {"end": "00:49:20", "start": "00:49:17", "text": "and take your money out of your pocket"}, {"end": "00:49:25", "start": "00:49:18", "text": "literally. Here's something that's"}, {"end": "00:49:28", "start": "00:49:20", "text": "interesting and it is this uh this null"}, {"end": "00:49:30", "start": "00:49:25", "text": "mask token that just came out. This is"}, {"end": "00:49:33", "start": "00:49:28", "text": "like on the weekly time frame. This"}, {"end": "00:49:36", "start": "00:49:30", "text": "thing is very very low in terms of its"}, {"end": "00:49:38", "start": "00:49:33", "text": "value right now. It's like a $21 million"}, {"end": "00:49:40", "start": "00:49:36", "text": "market cap. It literally just came out."}, {"end": "00:49:41", "start": "00:49:38", "text": "And this is more of a scenario like"}, {"end": "00:49:43", "start": "00:49:40", "text": "midnight where I like to let these"}, {"end": "00:49:45", "start": "00:49:41", "text": "things come out, get some price action"}, {"end": "00:49:47", "start": "00:49:43", "text": "before I move in. But I got to keep this"}, {"end": "00:49:49", "start": "00:49:45", "text": "one on my radar, too, because privacy on"}, {"end": "00:49:53", "start": "00:49:47", "text": "the base network is going to be a"}, {"end": "00:49:55", "start": "00:49:49", "text": "conversation. And Aerodrome themselves"}, {"end": "00:49:56", "start": "00:49:53", "text": "seem very, very excited about this"}, {"end": "00:49:57", "start": "00:49:55", "text": "integration, right? You can tell they're"}, {"end": "00:50:00", "start": "00:49:56", "text": "they're trolling. I've been paying"}, {"end": "00:50:02", "start": "00:49:57", "text": "attention. And so that being said, I"}, {"end": "00:50:05", "start": "00:50:00", "text": "think it's going to be very, very good."}, {"end": "00:50:07", "start": "00:50:02", "text": "The Aerod Drrome proper token is the"}, {"end": "00:50:09", "start": "00:50:05", "text": "more easy kind of broader play for the"}, {"end": "00:50:11", "start": "00:50:07", "text": "base network and it's been that way for"}, {"end": "00:50:15", "start": "00:50:09", "text": "a while. This is a thesis we made a lot"}, {"end": "00:50:18", "start": "00:50:11", "text": "of money on in the last bull market and"}, {"end": "00:50:20", "start": "00:50:15", "text": "right now like 70 cents is your hopeful"}, {"end": "00:50:23", "start": "00:50:18", "text": "bump and run zone. We're sitting here"}, {"end": "00:50:25", "start": "00:50:20", "text": "holding the line at 81 10 starting"}, {"end": "00:50:27", "start": "00:50:23", "text": "early. Oh yeah, we have a fun little"}, {"end": "00:50:29", "start": "00:50:25", "text": "side note about"}, {"end": "00:50:31", "start": "00:50:27", "text": ">> it. I mean it I mean we are getting you"}, {"end": "00:50:33", "start": "00:50:29", "text": "know 7 this is the last hour. Look at I"}, {"end": "00:50:37", "start": "00:50:31", "text": "mean you got near back five. I mean near"}, {"end": "00:50:39", "start": "00:50:33", "text": "is dropping injective dropping ether 5"}, {"end": "00:50:42", "start": "00:50:37", "text": "VVV. A lot of these are falling off a"}, {"end": "00:50:45", "start": "00:50:39", "text": "cliff right now. Um falling off a cliff."}, {"end": "00:50:46", "start": "00:50:42", "text": "Um but yeah definitely getting if you've"}, {"end": "00:50:48", "start": "00:50:45", "text": "been waiting for your entries you should"}, {"end": "00:50:50", "start": "00:50:46", "text": "start perking up and paying watch, you"}, {"end": "00:50:51", "start": "00:50:48", "text": "know, waiting for a bounce looking for"}, {"end": "00:50:53", "start": "00:50:50", "text": "some of these things cuz"}, {"end": "00:50:54", "start": "00:50:51", "text": ">> Oh near's a 475."}, {"end": "00:50:55", "start": "00:50:53", "text": ">> Yeah, that's what I'm saying."}, {"end": "00:50:56", "start": "00:50:54", "text": ">> Stop it."}, {"end": "00:50:59", "start": "00:50:55", "text": ">> Yeah, you're getting your shot. You're"}, {"end": "00:51:00", "start": "00:50:56", "text": "getting your shot here."}, {"end": "00:51:03", "start": "00:50:59", "text": "I'm trying to see what else looks juicy"}, {"end": "00:51:06", "start": "00:51:00", "text": "at these prices. Or Cardano. They work"}, {"end": "00:51:08", "start": "00:51:03", "text": "so hard to get that 25 cents. Um,"}, {"end": "00:51:10", "start": "00:51:06", "text": ">> Ma and Lennon were both lazy kids of"}, {"end": "00:51:13", "start": "00:51:08", "text": "middle class families. Sound familiar?"}, {"end": "00:51:15", "start": "00:51:10", "text": "Yes, it does. [laughter]"}, {"end": "00:51:17", "start": "00:51:13", "text": ">> Going on sale. Yeah, get your shopping."}, {"end": "00:51:19", "start": "00:51:15", "text": "Get your shopping list ready."}, {"end": "00:51:22", "start": "00:51:17", "text": ">> This is perfect. This has been the plan."}, {"end": "00:51:25", "start": "00:51:19", "text": "We got some updates in DeFi, too. Um,"}, {"end": "00:51:27", "start": "00:51:22", "text": "so the one I want to talk about,"}, {"end": "00:51:30", "start": "00:51:25", "text": "Hyperlquid's 20 $200 million revenue"}, {"end": "00:51:31", "start": "00:51:27", "text": "sharing deal with Circle went live. Very"}, {"end": "00:51:33", "start": "00:51:30", "text": "important to watch. And this is DeFi"}, {"end": "00:51:34", "start": "00:51:31", "text": "investor. Great, great account. Lido"}, {"end": "00:51:37", "start": "00:51:33", "text": "revealed Lido Lending,"}, {"end": "00:51:39", "start": "00:51:34", "text": ">> a new DeFi platform."}, {"end": "00:51:43", "start": "00:51:37", "text": ">> And that's probably why I see so much"}, {"end": "00:51:45", "start": "00:51:39", "text": "lighter or Lido ETH movements. I bet you"}, {"end": "00:51:46", "start": "00:51:43", "text": "that plays into that because I was"}, {"end": "00:51:49", "start": "00:51:45", "text": "seeing on Coin Glass, I was getting a"}, {"end": "00:51:51", "start": "00:51:46", "text": "lot of notifications of Lido ETH moving."}, {"end": "00:51:54", "start": "00:51:49", "text": "Um the other stuff ono launchpad for"}, {"end": "00:51:56", "start": "00:51:51", "text": "performing bringing tokenized preipos on"}, {"end": "00:51:59", "start": "00:51:54", "text": "chain. I'm still not convinced on theo"}, {"end": "00:52:03", "start": "00:51:56", "text": "thing. I'm still not convinced and maybe"}, {"end": "00:52:05", "start": "00:51:59", "text": "I should be because of how much money I"}, {"end": "00:52:07", "start": "00:52:03", "text": "made off of it last cycle, but I'm not"}, {"end": "00:52:09", "start": "00:52:05", "text": "convinced to go back into yet. I'm"}, {"end": "00:52:11", "start": "00:52:07", "text": "really not."}, {"end": "00:52:14", "start": "00:52:09", "text": ">> Yeah, I'm I'm with it's I'm sure you"}, {"end": "00:52:18", "start": "00:52:11", "text": "could do well with it. It's again RWA is"}, {"end": "00:52:20", "start": "00:52:14", "text": "kind of sitting thirdish in my narrative"}, {"end": "00:52:23", "start": "00:52:18", "text": "buckets. You know, DeFi and AI"}, {"end": "00:52:24", "start": "00:52:20", "text": "definitely are my main two. Of course,"}, {"end": "00:52:27", "start": "00:52:23", "text": "you always got Bitcoin at store of"}, {"end": "00:52:29", "start": "00:52:24", "text": "value, but um RWA and privacy sit"}, {"end": "00:52:31", "start": "00:52:27", "text": "secondary to that to me. So, I that's"}, {"end": "00:52:34", "start": "00:52:29", "text": "why I like Near because it can check a"}, {"end": "00:52:36", "start": "00:52:31", "text": "lot of the boxes. AI, DeFi, privacy,"}, {"end": "00:52:40", "start": "00:52:34", "text": "Avalanche kind of touches the the RWA"}, {"end": "00:52:42", "start": "00:52:36", "text": "exposure. Um, ando obviously sits in"}, {"end": "00:52:44", "start": "00:52:40", "text": "that RWA and is a winner. If you're"}, {"end": "00:52:46", "start": "00:52:42", "text": "going to build a basket of RWA coins,"}, {"end": "00:52:47", "start": "00:52:44", "text": "would likely be a part of it. But yeah,"}, {"end": "00:52:49", "start": "00:52:46", "text": "I'm with you on that. It's very hard to"}, {"end": "00:52:51", "start": "00:52:47", "text": "predict. There's a lot of politics"}, {"end": "00:52:53", "start": "00:52:49", "text": "involved and same reason I stay out of a"}, {"end": "00:52:54", "start": "00:52:51", "text": "lot of payments coins is I just you"}, {"end": "00:52:56", "start": "00:52:53", "text": "can't really predict the way the"}, {"end": "00:52:57", "start": "00:52:54", "text": "politics are going to go. A lot of"}, {"end": "00:52:59", "start": "00:52:56", "text": "controversy around it with the founder"}, {"end": "00:53:00", "start": "00:52:57", "text": "and that sort of stuff. But their their"}, {"end": "00:53:03", "start": "00:52:59", "text": "their connection to Black Rockck is"}, {"end": "00:53:05", "start": "00:53:00", "text": "strong. Um, you know, Black Rockck"}, {"end": "00:53:07", "start": "00:53:03", "text": "tokenizing some of their funds through"}, {"end": "00:53:10", "start": "00:53:05", "text": "Onondo is strong. they will probably get"}, {"end": "00:53:12", "start": "00:53:07", "text": "that you know when the narrative hits"}, {"end": "00:53:14", "start": "00:53:10", "text": "you know PE you know retail it's very"}, {"end": "00:53:18", "start": "00:53:12", "text": "easy to understand retail will hear"}, {"end": "00:53:20", "start": "00:53:14", "text": "black rockck RWA I'm in you know does a"}, {"end": "00:53:22", "start": "00:53:18", "text": "token actually have any value whole"}, {"end": "00:53:24", "start": "00:53:20", "text": "other subject man our discord is going"}, {"end": "00:53:27", "start": "00:53:22", "text": "nuts with all the or the trading quant"}, {"end": "00:53:29", "start": "00:53:24", "text": "is going crazy I'm looking at oh"}, {"end": "00:53:33", "start": "00:53:27", "text": ">> all we we were short in a lot of these"}, {"end": "00:53:34", "start": "00:53:29", "text": "things 200% on the ad short 50% 60% so"}, {"end": "00:53:35", "start": "00:53:33", "text": "if you guys are following the quant"}, {"end": "00:53:37", "start": "00:53:34", "text": "trades you guys are"}, {"end": "00:53:37", "start": "00:53:35", "text": ">> I'm probably in that from copy setup"}, {"end": "00:53:39", "start": "00:53:37", "text": "here. Hold on."}, {"end": "00:53:40", "start": "00:53:37", "text": ">> Yeah, see if you can pull that up. But"}, {"end": "00:53:41", "start": "00:53:39", "text": "um"}, {"end": "00:53:43", "start": "00:53:40", "text": ">> that's exciting."}, {"end": "00:53:44", "start": "00:53:41", "text": ">> Yeah, a lot of those are hitting hitting"}, {"end": "00:53:47", "start": "00:53:43", "text": "hard."}, {"end": "00:53:49", "start": "00:53:44", "text": ">> Um which is nice. What about chain link?"}, {"end": "00:53:51", "start": "00:53:47", "text": "I chain link have a fat bag of chain"}, {"end": "00:53:53", "start": "00:53:49", "text": "link. That's my long-term"}, {"end": "00:53:54", "start": "00:53:51", "text": ">> chain link actually made it into my"}, {"end": "00:53:56", "start": "00:53:53", "text": "long-term mindset. Like I wasn't like"}, {"end": "00:53:59", "start": "00:53:54", "text": "you where I was like interested in 2030"}, {"end": "00:54:02", "start": "00:53:56", "text": "or whatever. I am of that mindset now."}, {"end": "00:54:04", "start": "00:53:59", "text": "So, it's like and you know the ladies in"}, {"end": "00:54:07", "start": "00:54:02", "text": "my life, they went nuts with XRP"}, {"end": "00:54:09", "start": "00:54:04", "text": "holdings for the longest. I I they can"}, {"end": "00:54:12", "start": "00:54:07", "text": "do what they want. You know, it's it is"}, {"end": "00:54:17", "start": "00:54:09", "text": "what it is. Um let's see here. I'm going"}, {"end": "00:54:20", "start": "00:54:12", "text": "to get logged in. This is good. I uh Oh,"}, {"end": "00:54:21", "start": "00:54:17", "text": "Bitcoin wick to 813. Like I said, I"}, {"end": "00:54:22", "start": "00:54:20", "text": "mean, yeah, sure. I mean, obviously"}, {"end": "00:54:24", "start": "00:54:21", "text": "there's liquidity there and it's going"}, {"end": "00:54:28", "start": "00:54:22", "text": "to bounce. It's I'm not trying to act"}, {"end": "00:54:31", "start": "00:54:24", "text": "like I'm not This isn't rocket surgery."}, {"end": "00:54:32", "start": "00:54:28", "text": "This is order books, right? So 813 is"}, {"end": "00:54:34", "start": "00:54:31", "text": "right there. It wicked into it. Gets a"}, {"end": "00:54:35", "start": "00:54:32", "text": "bounce because it liquidated a bunch of"}, {"end": "00:54:37", "start": "00:54:34", "text": "DGENs."}, {"end": "00:54:39", "start": "00:54:35", "text": "Um,"}, {"end": "00:54:40", "start": "00:54:37", "text": "[sighs] yeah. I mean, we're at the point"}, {"end": "00:54:42", "start": "00:54:39", "text": "now. God, I want to do some longing, but"}, {"end": "00:54:43", "start": "00:54:40", "text": "I'm I don't know. That's a lot of"}, {"end": "00:54:46", "start": "00:54:42", "text": "velocity on the downside. Let's see what"}, {"end": "00:54:49", "start": "00:54:43", "text": "the the copy trade side is doing right"}, {"end": "00:54:52", "start": "00:54:46", "text": "now. I got to make this bigger. Copy"}, {"end": "00:54:53", "start": "00:54:49", "text": "trading. This is kind of I should have"}, {"end": "00:54:55", "start": "00:54:52", "text": "had this logged in to begin with."}, {"end": "00:54:57", "start": "00:54:53", "text": ">> Oh yeah, another great one. I This is"}, {"end": "00:55:01", "start": "00:54:55", "text": "another must readad creature from Jackal"}, {"end": "00:55:03", "start": "00:54:57", "text": "Island. Let's see here."}, {"end": "00:55:06", "start": "00:55:01", "text": "Copy history. I want to see if I'm in"}, {"end": "00:55:09", "start": "00:55:03", "text": "any trades here."}, {"end": "00:55:10", "start": "00:55:06", "text": "Positions. I have to hit up and see if"}, {"end": "00:55:12", "start": "00:55:09", "text": "this is still running because I don't"}, {"end": "00:55:15", "start": "00:55:10", "text": "think I'm in any positions right now."}, {"end": "00:55:18", "start": "00:55:12", "text": ">> Got to see. Um and we have that in the"}, {"end": "00:55:21", "start": "00:55:15", "text": "signals, right? In the DC app,"}, {"end": "00:55:23", "start": "00:55:18", "text": ">> uh the signal system. Okay. Okay. Well,"}, {"end": "00:55:25", "start": "00:55:21", "text": "you know, from right now, actually, I'm"}, {"end": "00:55:27", "start": "00:55:23", "text": "kind of loving this dip from because I"}, {"end": "00:55:29", "start": "00:55:25", "text": "got a lot of a [snorts] lot of dry"}, {"end": "00:55:33", "start": "00:55:27", "text": "powder. And you know what? I don't only"}, {"end": "00:55:37", "start": "00:55:29", "text": "have USDT dry powder. I have dry black"}, {"end": "00:55:38", "start": "00:55:33", "text": "powder items that, you know, I've been"}, {"end": "00:55:40", "start": "00:55:37", "text": "sitting I've been accumulating those"}, {"end": "00:55:41", "start": "00:55:38", "text": "things for a while. They're my favorite"}, {"end": "00:55:44", "start": "00:55:40", "text": "stable coin. The prices are up and to"}, {"end": "00:55:46", "start": "00:55:41", "text": "the right. I stay very strong in terms"}, {"end": "00:55:47", "start": "00:55:44", "text": "of my buying power with those. So, yeah,"}, {"end": "00:55:49", "start": "00:55:46", "text": "this uh this dump is [snorts]"}, {"end": "00:55:51", "start": "00:55:47", "text": "respectable now. It's getting more and"}, {"end": "00:55:53", "start": "00:55:49", "text": "more respectable."}, {"end": "00:55:55", "start": "00:55:51", "text": "I'm liking it. I'm liking it because you"}, {"end": "00:55:57", "start": "00:55:53", "text": "guys know me in bull seasons, max pain"}, {"end": "00:55:59", "start": "00:55:55", "text": "for me becomes up only because we bottom"}, {"end": "00:56:02", "start": "00:55:57", "text": "blast and then I hate seeing things get"}, {"end": "00:56:04", "start": "00:55:59", "text": "more and more pricey. Um"}, {"end": "00:56:06", "start": "00:56:02", "text": "[sighs] yeah, this is going to be an"}, {"end": "00:56:08", "start": "00:56:04", "text": "interesting battle. The I mean we're"}, {"end": "00:56:11", "start": "00:56:06", "text": "right at 813. Let's go back to Coin"}, {"end": "00:56:13", "start": "00:56:08", "text": "Market Cap. And actually, you know what?"}, {"end": "00:56:15", "start": "00:56:11", "text": "I should bring up my swap. No, I don't"}, {"end": "00:56:18", "start": "00:56:13", "text": "have any dry white powder. I'm going to"}, {"end": "00:56:20", "start": "00:56:15", "text": "ban you. N I'm going to ban you. Uh any"}, {"end": "00:56:22", "start": "00:56:18", "text": "and this is also this is the October"}, {"end": "00:56:23", "start": "00:56:20", "text": "dump the bears were looking for and"}, {"end": "00:56:25", "start": "00:56:22", "text": ">> you know what"}, {"end": "00:56:27", "start": "00:56:23", "text": ">> we will start to get some loud people"}, {"end": "00:56:29", "start": "00:56:25", "text": "telling us we're going back to new lows."}, {"end": "00:56:30", "start": "00:56:27", "text": "Yeah, here you go. Yeah,"}, {"end": "00:56:33", "start": "00:56:29", "text": ">> Binance going to temporarily suspend"}, {"end": "00:56:35", "start": "00:56:30", "text": "stock trading services October 10th due"}, {"end": "00:56:37", "start": "00:56:33", "text": "to a system upgrade by a partner broker."}, {"end": "00:56:38", "start": "00:56:35", "text": "They're trolling us by doing this."}, {"end": "00:56:39", "start": "00:56:37", "text": ">> They're definitely trolling. They're"}, {"end": "00:56:43", "start": "00:56:38", "text": "going to do they're going to do a some"}, {"end": "00:56:46", "start": "00:56:39", "text": "system maintenance on 1010."}, {"end": "00:56:48", "start": "00:56:43", "text": ">> Really? system upgrade on 1010"}, {"end": "00:56:50", "start": "00:56:46", "text": ">> one year from their last"}, {"end": "00:56:54", "start": "00:56:48", "text": ">> uh system maintenance that was going on"}, {"end": "00:56:56", "start": "00:56:50", "text": "on 1010 that started the whole yeah the"}, {"end": "00:56:56", "start": "00:56:54", "text": "whole bare market. Okay, cool guys."}, {"end": "00:56:58", "start": "00:56:56", "text": "Cool."}, {"end": "00:57:00", "start": "00:56:56", "text": ">> The system maintenance is we're removing"}, {"end": "00:57:03", "start": "00:56:58", "text": "all liquidity"}, {"end": "00:57:07", "start": "00:57:00", "text": "and we will have empty order books for"}, {"end": "00:57:07", "start": "00:57:03", "text": "two hours. I'm just kidding. Um that is"}, {"end": "00:57:09", "start": "00:57:07", "text": "uh insane."}, {"end": "00:57:11", "start": "00:57:07", "text": ">> Only question now cron here. Only"}, {"end": "00:57:12", "start": "00:57:09", "text": "question now is what do we buy? So,"}, {"end": "00:57:14", "start": "00:57:11", "text": "okay, this kind of comes I asked you"}, {"end": "00:57:15", "start": "00:57:12", "text": "guys earlier in the stream, what's your"}, {"end": "00:57:17", "start": "00:57:14", "text": "one coin that's taking you to Vehalo"}, {"end": "00:57:19", "start": "00:57:15", "text": "today on a, you know, assuming, you"}, {"end": "00:57:21", "start": "00:57:17", "text": "know, on a dump day, red day like this,"}, {"end": "00:57:22", "start": "00:57:19", "text": "if you could only buy one coin, what are"}, {"end": "00:57:24", "start": "00:57:21", "text": "you buying today? Let me know in the"}, {"end": "00:57:26", "start": "00:57:22", "text": "chat what you guys are what have you"}, {"end": "00:57:28", "start": "00:57:24", "text": "guys been eyeing? What are you buying?"}, {"end": "00:57:32", "start": "00:57:26", "text": "And, uh, what's got you crying,"}, {"end": "00:57:35", "start": "00:57:28", "text": ">> dude? 729 on Uniswap. Oh my god. I told"}, {"end": "00:57:38", "start": "00:57:32", "text": "you. I told you. Like high sixes, low"}, {"end": "00:57:40", "start": "00:57:35", "text": "sevens. That's my area. Yeah, it's near"}, {"end": "00:57:43", "start": "00:57:38", "text": "and unis swap for me. That's what I'm"}, {"end": "00:57:45", "start": "00:57:40", "text": "buying today in size too with girth. I'm"}, {"end": "00:57:50", "start": "00:57:43", "text": "buying those in uh I already hit that"}, {"end": "00:57:52", "start": "00:57:45", "text": "like I'm I'm in tow already. So I have a"}, {"end": "00:57:54", "start": "00:57:50", "text": "decent bag of towel. Where is Tao? It's"}, {"end": "00:57:57", "start": "00:57:52", "text": "probably like 270"}, {"end": "00:58:00", "start": "00:57:54", "text": ">> 265. Yeah, it's holding up pretty good."}, {"end": "00:58:02", "start": "00:57:57", "text": "Um but I talked about that target the"}, {"end": "00:58:07", "start": "00:58:00", "text": "midterm target of potential to right"}, {"end": "00:58:09", "start": "00:58:02", "text": "around 250 260. So we're actually having"}, {"end": "00:58:12", "start": "00:58:07", "text": "this happen right now. This is where TA"}, {"end": "00:58:15", "start": "00:58:09", "text": "and then also structural knowledge of"}, {"end": "00:58:16", "start": "00:58:12", "text": "good projects. You combine the two,"}, {"end": "00:58:18", "start": "00:58:15", "text": ">> that's a winning combination, but you"}, {"end": "00:58:19", "start": "00:58:16", "text": "got to have patience for the TA to play"}, {"end": "00:58:21", "start": "00:58:18", "text": "out."}, {"end": "00:58:24", "start": "00:58:19", "text": ">> Got to have cash, too."}, {"end": "00:58:25", "start": "00:58:21", "text": ">> And cash. Yes. And cash or black powder"}, {"end": "00:58:26", "start": "00:58:24", "text": "that you can turn into cash."}, {"end": "00:58:27", "start": "00:58:25", "text": ">> True."}, {"end": "00:58:29", "start": "00:58:26", "text": ">> Right. You can always choose what kind"}, {"end": "00:58:30", "start": "00:58:27", "text": "of stable coin system you're holding,"}, {"end": "00:58:30", "start": "00:58:29", "text": "you know."}, {"end": "00:58:32", "start": "00:58:30", "text": ">> Um,"}, {"end": "00:58:35", "start": "00:58:30", "text": ">> interesting. I like this. I'm going to"}, {"end": "00:58:35", "start": "00:58:32", "text": "buy against my soul and buy near savvy."}, {"end": "00:58:37", "start": "00:58:35", "text": ">> Yeah."}, {"end": "00:58:39", "start": "00:58:35", "text": ">> I like that. We we did talk about that"}, {"end": "00:58:40", "start": "00:58:37", "text": "in school yesterday, too. How to use uh"}, {"end": "00:58:41", "start": "00:58:39", "text": "A to take advantage of some of these"}, {"end": "00:58:43", "start": "00:58:40", "text": "types of things. And if you're going to"}, {"end": "00:58:45", "start": "00:58:41", "text": "use leverage, you know, this is another"}, {"end": "00:58:46", "start": "00:58:43", "text": "form of leverage, by the way, when"}, {"end": "00:58:48", "start": "00:58:45", "text": "you're borrowing, using putting up your"}, {"end": "00:58:51", "start": "00:58:46", "text": "coins as collateral, you want to do it"}, {"end": "00:58:53", "start": "00:58:48", "text": "near bottoms like this. So, um I do like"}, {"end": "00:58:56", "start": "00:58:51", "text": "that pick. I do like that play there."}, {"end": "00:58:59", "start": "00:58:53", "text": ">> Oh, TJ, look at that. I did my hillbilly"}, {"end": "00:59:00", "start": "00:58:56", "text": "TA scribblings coming back down to this"}, {"end": "00:59:02", "start": "00:58:59", "text": "trend line."}, {"end": "00:59:06", "start": "00:59:00", "text": ">> We're testing it right now. We're"}, {"end": "00:59:09", "start": "00:59:02", "text": "testing it right now. Um, okay. Maybe"}, {"end": "00:59:11", "start": "00:59:06", "text": "some TOA proper. But again, they I've"}, {"end": "00:59:13", "start": "00:59:09", "text": "identified some pretty decent TOA subnet"}, {"end": "00:59:16", "start": "00:59:11", "text": "tokens as well."}, {"end": "00:59:18", "start": "00:59:13", "text": "Honestly, like that's one I didn't I"}, {"end": "00:59:19", "start": "00:59:16", "text": "bought I bought Tow at 300 and now it's"}, {"end": "00:59:21", "start": "00:59:18", "text": "sitting at 264. I was like, ah, I should"}, {"end": "00:59:23", "start": "00:59:19", "text": "have stayed a little more. It does. I'm"}, {"end": "00:59:24", "start": "00:59:21", "text": "fine. I'm going to hold it for a"}, {"end": "00:59:26", "start": "00:59:23", "text": "[clears throat] couple years. So, this"}, {"end": "00:59:27", "start": "00:59:24", "text": "is temporary pain, but man, I could have"}, {"end": "00:59:29", "start": "00:59:26", "text": "got more if I had bought it here instead"}, {"end": "00:59:33", "start": "00:59:27", "text": "of 300. Well, and thinking about this"}, {"end": "00:59:38", "start": "00:59:29", "text": "too, it's like and I've ran I didn't do"}, {"end": "00:59:39", "start": "00:59:33", "text": "any prospecting or like conceptual TA"}, {"end": "00:59:42", "start": "00:59:38", "text": ">> Mhm."}, {"end": "00:59:44", "start": "00:59:39", "text": ">> on TA. What I more so did is just an"}, {"end": "00:59:46", "start": "00:59:42", "text": "aggregate rise with the rest of the"}, {"end": "00:59:48", "start": "00:59:44", "text": "market and gaining a few positions from"}, {"end": "00:59:51", "start": "00:59:46", "text": "where it's at in the top 100. Right. So,"}, {"end": "00:59:53", "start": "00:59:48", "text": "I didn't do any mega moon math like some"}, {"end": "00:59:55", "start": "00:59:51", "text": "of these other people have been doing on"}, {"end": "01:00:01", "start": "00:59:53", "text": "a trillion dollar towel market cap. I"}, {"end": "01:00:05", "start": "00:59:55", "text": "did just basic upswing and I think TOAO"}, {"end": "01:00:05", "start": "01:00:01", "text": "to $1,000 is very conservative for what"}, {"end": "01:00:06", "start": "01:00:05", "text": "it is."}, {"end": "01:00:08", "start": "01:00:05", "text": ">> Mhm."}, {"end": "01:00:09", "start": "01:00:06", "text": ">> I think $1,000 towel makes a lot of"}, {"end": "01:00:13", "start": "01:00:08", "text": "sense."}, {"end": "01:00:16", "start": "01:00:09", "text": ">> Now, in a more bullish scenario,"}, {"end": "01:00:20", "start": "01:00:13", "text": "I was looking at two to $2,300 TOAO"}, {"end": "01:00:22", "start": "01:00:16", "text": "token at the blowoff top. Um, so even,"}, {"end": "01:00:24", "start": "01:00:20", "text": "you know, 265 300, I don't think it's"}, {"end": "01:00:26", "start": "01:00:22", "text": "going to be that bad when it's all said"}, {"end": "01:00:28", "start": "01:00:24", "text": "and done. And let's actually go look at"}, {"end": "01:00:29", "start": "01:00:26", "text": "a very important chart. We're getting"}, {"end": "01:00:31", "start": "01:00:28", "text": "some exciting price action."}, {"end": "01:00:34", "start": "01:00:29", "text": ">> Yeah, it's fun. Prices are moving. I see"}, {"end": "01:00:35", "start": "01:00:31", "text": "uh Mr. Wax here saying we will bounce"}, {"end": "01:00:38", "start": "01:00:34", "text": "hard. Mark my words. I agree. There is a"}, {"end": "01:00:40", "start": "01:00:35", "text": "bounce coming. Uh when do you think that"}, {"end": "01:00:41", "start": "01:00:38", "text": "bounce is going to be? You're saying I'm"}, {"end": "01:00:43", "start": "01:00:40", "text": "just curious. Wax, you think that's like"}, {"end": "01:00:46", "start": "01:00:41", "text": "a we're bouncing this week, we're"}, {"end": "01:00:47", "start": "01:00:43", "text": "bouncing next week. I'm curious. I guess"}, {"end": "01:00:49", "start": "01:00:46", "text": "I should go look if there's anything on"}, {"end": "01:00:51", "start": "01:00:47", "text": "the timeline that's a catalyst here or"}, {"end": "01:00:54", "start": "01:00:49", "text": "if it's just a liquidation speed, you"}, {"end": "01:00:56", "start": "01:00:51", "text": "know, any any extra any extra uh"}, {"end": "01:00:58", "start": "01:00:54", "text": "fireworks going off around the world or"}, {"end": "01:01:00", "start": "01:00:56", "text": "anything like that would be Oh, let me"}, {"end": "01:01:02", "start": "01:00:58", "text": "check. A how's a hold?"}, {"end": "01:01:03", "start": "01:01:00", "text": ">> That would be another interesting one to"}, {"end": "01:01:05", "start": "01:01:02", "text": "scoop here."}, {"end": "01:01:07", "start": "01:01:03", "text": ">> Yes, A has been real aggravating being"}, {"end": "01:01:09", "start": "01:01:05", "text": "at near 200 bucks."}, {"end": "01:01:10", "start": "01:01:07", "text": ">> Yeah, it's still 166. They're not It's"}, {"end": "01:01:13", "start": "01:01:09", "text": "not"}, {"end": "01:01:15", "start": "01:01:10", "text": ">> Let me see. And again that to me that I"}, {"end": "01:01:18", "start": "01:01:13", "text": "like that a lot of my big you know more"}, {"end": "01:01:21", "start": "01:01:15", "text": "substant a is showing signs of strength"}, {"end": "01:01:22", "start": "01:01:18", "text": "arrow showing signs of strength. Um now"}, {"end": "01:01:25", "start": "01:01:21", "text": "that might just mean it's going to roll"}, {"end": "01:01:27", "start": "01:01:22", "text": "over tomorrow but right now some of my"}, {"end": "01:01:29", "start": "01:01:25", "text": "other you know other picks are showing"}, {"end": "01:01:30", "start": "01:01:27", "text": "signs the the recent runners are what"}, {"end": "01:01:33", "start": "01:01:29", "text": "we're seeing pull back the hardest. So"}, {"end": "01:01:35", "start": "01:01:30", "text": "if you like near and uni these are"}, {"end": "01:01:37", "start": "01:01:33", "text": "probably some opportunities you know to"}, {"end": "01:01:40", "start": "01:01:35", "text": "to keep an eye on there. But"}, {"end": "01:01:43", "start": "01:01:37", "text": ">> look at this too. Others to Bitcoin"}, {"end": "01:01:46", "start": "01:01:40", "text": "chart. This is like the main game plan"}, {"end": "01:01:48", "start": "01:01:43", "text": "here. And we're getting close. We're not"}, {"end": "01:01:50", "start": "01:01:46", "text": "quite to that, but we are getting pretty"}, {"end": "01:01:53", "start": "01:01:48", "text": "close to the initial uh point of"}, {"end": "01:01:54", "start": "01:01:50", "text": "control. So, we're getting close to"}, {"end": "01:01:56", "start": "01:01:53", "text": "that. And we've had a little And look at"}, {"end": "01:01:58", "start": "01:01:54", "text": "that. I mean, you only need a little bit"}, {"end": "01:02:00", "start": "01:01:56", "text": "of a draw down. This is on the daily"}, {"end": "01:02:01", "start": "01:01:58", "text": "time frame, too."}, {"end": "01:02:03", "start": "01:02:00", "text": ">> Mhm."}, {"end": "01:02:06", "start": "01:02:01", "text": ">> Let's see here. Because like the macro"}, {"end": "01:02:10", "start": "01:02:03", "text": "like incred like if you guys see us come"}, {"end": "01:02:12", "start": "01:02:06", "text": "down to this golden trend line yolo."}, {"end": "01:02:14", "start": "01:02:10", "text": "Okay. I mean that is that's yolo season"}, {"end": "01:02:17", "start": "01:02:12", "text": "right there. Because the problem with"}, {"end": "01:02:20", "start": "01:02:14", "text": "this chart that this is why this chart"}, {"end": "01:02:23", "start": "01:02:17", "text": "keeps me up at night is"}, {"end": "01:02:25", "start": "01:02:20", "text": "you know this market in general has been"}, {"end": "01:02:28", "start": "01:02:23", "text": "suppressed. The altcoin market's been"}, {"end": "01:02:31", "start": "01:02:25", "text": "suppressed since about 2022. Like we've"}, {"end": "01:02:33", "start": "01:02:28", "text": "spent this we've been in a draw down"}, {"end": "01:02:36", "start": "01:02:31", "text": "against Bitcoin in the altcoin sector"}, {"end": "01:02:39", "start": "01:02:33", "text": "for 1500 days. Recently we broke out of"}, {"end": "01:02:43", "start": "01:02:36", "text": "this descending wedge and right now"}, {"end": "01:02:46", "start": "01:02:39", "text": "we're how many 266 days from that breach"}, {"end": "01:02:48", "start": "01:02:43", "text": "of this descending wedge. And the thing"}, {"end": "01:02:51", "start": "01:02:46", "text": "about it is if we don't have a COVID"}, {"end": "01:02:54", "start": "01:02:48", "text": "style lockdown and a massive regression"}, {"end": "01:02:58", "start": "01:02:51", "text": "in these prices right now, I mean, we're"}, {"end": "01:03:00", "start": "01:02:54", "text": "at 266 days right now. That essentially"}, {"end": "01:03:03", "start": "01:02:58", "text": "marks kind of this moment, right? This"}, {"end": "01:03:06", "start": "01:03:00", "text": "moment, that initial I'm not dead. We're"}, {"end": "01:03:08", "start": "01:03:03", "text": "about to go back and breach new all-time"}, {"end": "01:03:11", "start": "01:03:06", "text": "highs because the altcoin sector isn't"}, {"end": "01:03:12", "start": "01:03:08", "text": "necessarily regressing. It's obviously"}, {"end": "01:03:14", "start": "01:03:11", "text": "been diluted with the memecoin"}, {"end": "01:03:17", "start": "01:03:12", "text": "distraction, but there's a lot of solid"}, {"end": "01:03:17", "start": "01:03:14", "text": "integrations happening right now. So,"}, {"end": "01:03:19", "start": "01:03:17", "text": "from"}, {"end": "01:03:20", "start": "01:03:17", "text": ">> I'm curious, too. I see this guy. I love"}, {"end": "01:03:21", "start": "01:03:19", "text": "you acting like you like the dip."}, {"end": "01:03:23", "start": "01:03:20", "text": "Meanwhile, the voice in the back of your"}, {"end": "01:03:24", "start": "01:03:21", "text": "head saying, \"Wait, was this all just a"}, {"end": "01:03:26", "start": "01:03:23", "text": "bull trap and we're still in a bear?\""}, {"end": "01:03:28", "start": "01:03:24", "text": "I'm curious to hear how many people in"}, {"end": "01:03:30", "start": "01:03:26", "text": "this chat right now like we're seeing"}, {"end": "01:03:34", "start": "01:03:28", "text": "this if we go back to say 78 79 or"}, {"end": "01:03:36", "start": "01:03:30", "text": "bounce off 81 or whatever it is. Uh, who"}, {"end": "01:03:39", "start": "01:03:34", "text": "thinks we're going back? I'm curious"}, {"end": "01:03:39", "start": "01:03:36", "text": "what the bear bull uh"}, {"end": "01:03:41", "start": "01:03:39", "text": ">> ratio"}, {"end": "01:03:43", "start": "01:03:39", "text": ">> ratio is. Yeah, thank you. That was the"}, {"end": "01:03:44", "start": "01:03:41", "text": "word I was looking for. Are we uh are"}, {"end": "01:03:46", "start": "01:03:43", "text": "you guys feeling bearish? Are you guys"}, {"end": "01:03:47", "start": "01:03:44", "text": "feeling Where are the bulls? Today's"}, {"end": "01:03:50", "start": "01:03:46", "text": "their day. Come on. Where are the people"}, {"end": "01:03:51", "start": "01:03:47", "text": "calling for 40k or 7k or whatever the"}, {"end": "01:03:51", "start": "01:03:50", "text": "heck the numbers they were calling for"}, {"end": "01:03:53", "start": "01:03:51", "text": "are?"}, {"end": "01:03:56", "start": "01:03:51", "text": ">> They change the I saw Rene's looking for"}, {"end": "01:03:58", "start": "01:03:53", "text": "71 now. It was like 40k and then 30k a"}, {"end": "01:03:59", "start": "01:03:56", "text": "couple months ago. They keep moving the"}, {"end": "01:04:01", "start": "01:03:58", "text": "the field goal, you know."}, {"end": "01:04:03", "start": "01:03:59", "text": ">> Yeah. I'm just curious who's back, you"}, {"end": "01:04:04", "start": "01:04:01", "text": "know, the bears that believe we're"}, {"end": "01:04:06", "start": "01:04:03", "text": "going, you know, we're making a new low."}, {"end": "01:04:09", "start": "01:04:04", "text": "like this is your chance. You know, you"}, {"end": "01:04:12", "start": "01:04:06", "text": "time to get loud. No lower than 74."}, {"end": "01:04:14", "start": "01:04:09", "text": "Uh I'm open to anything in October. Got"}, {"end": "01:04:17", "start": "01:04:12", "text": "a little PTSD. I'm looking forward."}, {"end": "01:04:19", "start": "01:04:14", "text": "Yeah, I mean PTSD is totally fair. Uh"}, {"end": "01:04:21", "start": "01:04:17", "text": "obviously I'm hard in the camp that"}, {"end": "01:04:23", "start": "01:04:19", "text": "bottom is in. And you know, we we're"}, {"end": "01:04:25", "start": "01:04:21", "text": "going to get corrections along the way."}, {"end": "01:04:25", "start": "01:04:23", "text": "You're look Well, that's not Bitcoin's"}, {"end": "01:04:27", "start": "01:04:25", "text": "price there, but"}, {"end": "01:04:30", "start": "01:04:25", "text": ">> No. Well, this is our altcoin sector"}, {"end": "01:04:31", "start": "01:04:27", "text": "valued against Bitcoin. Like this is the"}, {"end": "01:04:34", "start": "01:04:30", "text": "more important thing here for our"}, {"end": "01:04:36", "start": "01:04:31", "text": "altcoins. Well, and 78's going to be"}, {"end": "01:04:38", "start": "01:04:34", "text": "strong support for Bitcoin most likely."}, {"end": "01:04:39", "start": "01:04:36", "text": "I'd have to go look at the volume and"}, {"end": "01:04:42", "start": "01:04:38", "text": "all that sort of stuff, but uh higher"}, {"end": "01:04:45", "start": "01:04:39", "text": "low to higher high by the end of"}, {"end": "01:04:46", "start": "01:04:42", "text": "October. My thoughts are we touch 79."}, {"end": "01:04:49", "start": "01:04:45", "text": "Yeah. So, a lot of people in the 80s,"}, {"end": "01:04:52", "start": "01:04:46", "text": "but nobody All the 40 people are gone."}, {"end": "01:04:52", "start": "01:04:49", "text": "All the new lows people are quiet these"}, {"end": "01:04:53", "start": "01:04:52", "text": "days."}, {"end": "01:04:54", "start": "01:04:52", "text": ">> No, it never happened. They never called"}, {"end": "01:04:56", "start": "01:04:53", "text": "for 40, TJ. They never"}, {"end": "01:04:58", "start": "01:04:54", "text": ">> That's right. That's why they're quiet."}, {"end": "01:05:00", "start": "01:04:56", "text": "They have to erase that from existence."}, {"end": "01:05:04", "start": "01:04:58", "text": "All the people that were calling me a"}, {"end": "01:05:06", "start": "01:05:00", "text": "[\u00a0__\u00a0] for saying go all in at 58 60 62"}, {"end": "01:05:09", "start": "01:05:04", "text": "64 uh they're nowhere to be seen."}, {"end": "01:05:10", "start": "01:05:06", "text": "They're out uh watching some other"}, {"end": "01:05:12", "start": "01:05:09", "text": "channel. I guess that's still telling"}, {"end": "01:05:14", "start": "01:05:10", "text": "them it's going down. But uh"}, {"end": "01:05:16", "start": "01:05:12", "text": ">> you know what I hate is that I agree"}, {"end": "01:05:18", "start": "01:05:14", "text": "with Peter Shift on something today."}, {"end": "01:05:20", "start": "01:05:16", "text": ">> There's no T. But yeah, what's up?"}, {"end": "01:05:21", "start": "01:05:18", "text": ">> See, he's saying that mortgages are"}, {"end": "01:05:22", "start": "01:05:20", "text": "going to 9%."}, {"end": "01:05:25", "start": "01:05:21", "text": ">> Oh yeah, that's"}, {"end": "01:05:28", "start": "01:05:22", "text": ">> you know he's being reasonable about"}, {"end": "01:05:29", "start": "01:05:25", "text": "things, you know. So, um, also side"}, {"end": "01:05:32", "start": "01:05:28", "text": "note, the Atlanta Braves are the oldest"}, {"end": "01:05:34", "start": "01:05:29", "text": "organization in the MLB. Started as the"}, {"end": "01:05:35", "start": "01:05:32", "text": "Boston Red Stockings. I found this out"}, {"end": "01:05:37", "start": "01:05:34", "text": "this morning because I was arguing with"}, {"end": "01:05:37", "start": "01:05:35", "text": "my my buddy about this."}, {"end": "01:05:40", "start": "01:05:37", "text": ">> You didn't know? Yeah."}, {"end": "01:05:43", "start": "01:05:37", "text": ">> Um, yeah. So, I found that out. Here we"}, {"end": "01:05:46", "start": "01:05:40", "text": "go. 811. We're slipping. We're slipping."}, {"end": "01:05:48", "start": "01:05:43", "text": "We're slipping and dipping. We'll see if"}, {"end": "01:05:51", "start": "01:05:46", "text": "we can keep this. Honestly, give me the"}, {"end": "01:05:53", "start": "01:05:48", "text": "pain. Give me the pullback right now. I"}, {"end": "01:05:56", "start": "01:05:51", "text": "want it and I want it now. This would be"}, {"end": "01:05:58", "start": "01:05:53", "text": "a great great design of a bump and run"}, {"end": "01:06:01", "start": "01:05:56", "text": "scenario. And if we can keep slipping"}, {"end": "01:06:03", "start": "01:05:58", "text": "down to that 77 target I kept harping"}, {"end": "01:06:05", "start": "01:06:01", "text": "about, I'll bet you the others to"}, {"end": "01:06:06", "start": "01:06:03", "text": "Bitcoin charts going to end up tapping"}, {"end": "01:06:10", "start": "01:06:05", "text": "into this green box. Because this green"}, {"end": "01:06:14", "start": "01:06:06", "text": "box was designed in the anticipation of"}, {"end": "01:06:16", "start": "01:06:10", "text": "a $77,000 Bitcoin slip, a little bit of"}, {"end": "01:06:19", "start": "01:06:14", "text": "fear and PTSD hitting the altcoin"}, {"end": "01:06:22", "start": "01:06:16", "text": "sector, and then this chart regressing"}, {"end": "01:06:25", "start": "01:06:19", "text": "to the real guts of the uh volume at the"}, {"end": "01:06:27", "start": "01:06:22", "text": "upper band of this channel. So, that's"}, {"end": "01:06:29", "start": "01:06:25", "text": "what I'm thinking is actually a very"}, {"end": "01:06:31", "start": "01:06:27", "text": "strong potential here. Glad I got some"}, {"end": "01:06:35", "start": "01:06:29", "text": "powder. Glad I got some pow pow for it."}, {"end": "01:06:36", "start": "01:06:31", "text": ">> Oh, here we go. We got one. We got one."}, {"end": "01:06:38", "start": "01:06:35", "text": ">> All right. Good. Good."}, {"end": "01:06:40", "start": "01:06:36", "text": ">> You might just be joking, but I'll take"}, {"end": "01:06:42", "start": "01:06:38", "text": "it. Uh, this this is not unreasonable."}, {"end": "01:06:44", "start": "01:06:40", "text": "Double bottom neckline retesting the"}, {"end": "01:06:47", "start": "01:06:42", "text": "level broke out from yesterday most"}, {"end": "01:06:48", "start": "01:06:44", "text": "likely. Uh, but yeah, I agree. 78 is in"}, {"end": "01:06:50", "start": "01:06:47", "text": "play and there's defin there's"}, {"end": "01:06:52", "start": "01:06:48", "text": "definitely opportunities. And so again,"}, {"end": "01:06:55", "start": "01:06:50", "text": "this is why we harp on making a plan so"}, {"end": "01:06:58", "start": "01:06:52", "text": "much in school. This is why I push that"}, {"end": "01:07:00", "start": "01:06:55", "text": "so hard is so on days like today, you're"}, {"end": "01:07:02", "start": "01:06:58", "text": "not emotional, you're not scared, you're"}, {"end": "01:07:04", "start": "01:07:00", "text": "not over excited on pump days, but"}, {"end": "01:07:05", "start": "01:07:02", "text": "you're just methodical and saying,"}, {"end": "01:07:07", "start": "01:07:04", "text": "\"Okay, I this coin has been on my"}, {"end": "01:07:09", "start": "01:07:05", "text": "research list. I told myself when it hit"}, {"end": "01:07:11", "start": "01:07:07", "text": "this level, I would buy. Now it's at"}, {"end": "01:07:14", "start": "01:07:09", "text": "that level. I'm going to follow through"}, {"end": "01:07:15", "start": "01:07:11", "text": "with my plan.\" And I think that if I can"}, {"end": "01:07:17", "start": "01:07:14", "text": "if you guys take nothing else out of"}, {"end": "01:07:21", "start": "01:07:15", "text": "school other than making written plans"}, {"end": "01:07:23", "start": "01:07:17", "text": "and making uh decisions based on those"}, {"end": "01:07:25", "start": "01:07:21", "text": "plans and removing the emotion and the"}, {"end": "01:07:27", "start": "01:07:23", "text": "feeling of it when it happens because"}, {"end": "01:07:29", "start": "01:07:25", "text": "that's again what gets people wrecked"}, {"end": "01:07:31", "start": "01:07:27", "text": "the most is the emotions. Um and so when"}, {"end": "01:07:33", "start": "01:07:29", "text": "you are scared when the prices are"}, {"end": "01:07:35", "start": "01:07:31", "text": "dropping, you're less likely to make the"}, {"end": "01:07:36", "start": "01:07:33", "text": "right decisions. When you're overly"}, {"end": "01:07:39", "start": "01:07:35", "text": "euphoric, what what are you looking at?"}, {"end": "01:07:43", "start": "01:07:36", "text": ">> You know who should be scared?"}, {"end": "01:07:44", "start": "01:07:39", "text": ">> Cardona holders. Oh no,"}, {"end": "01:07:46", "start": "01:07:43", "text": "those poor people."}, {"end": "01:07:47", "start": "01:07:44", "text": ">> Dude, they lost that 25 cent."}, {"end": "01:07:49", "start": "01:07:46", "text": ">> I know. That's what I when I saw it, I"}, {"end": "01:07:52", "start": "01:07:47", "text": "said like, \"Oh, they worked so hard for"}, {"end": "01:07:55", "start": "01:07:49", "text": "25 cents and yeah, now it's probably"}, {"end": "01:07:55", "start": "01:07:52", "text": "going back down to the control and"}, {"end": "01:07:57", "start": "01:07:55", "text": "[snorts]"}, {"end": "01:08:00", "start": "01:07:55", "text": ">> their ADA Twitter is going to get real"}, {"end": "01:08:03", "start": "01:07:57", "text": "weird at about 20 cents. Those and"}, {"end": "01:08:06", "start": "01:08:00", "text": "that's why Cardono's ambassadors were"}, {"end": "01:08:07", "start": "01:08:03", "text": "again put in the limelight. It's like"}, {"end": "01:08:09", "start": "01:08:06", "text": ">> clockwork, man."}, {"end": "01:08:11", "start": "01:08:07", "text": ">> They were all just at token 2049."}, {"end": "01:08:12", "start": "01:08:09", "text": "Nothing like conspiracy to dump the"}, {"end": "01:08:13", "start": "01:08:11", "text": "prices."}, {"end": "01:08:16", "start": "01:08:12", "text": ">> It's all a conspiracy. It's all the"}, {"end": "01:08:19", "start": "01:08:13", "text": "same. You know, it's I'm such a"}, {"end": "01:08:21", "start": "01:08:16", "text": "conspiracy theorist. Yeah. So,"}, {"end": "01:08:25", "start": "01:08:19", "text": "basically, Cardano's magnetized to 20"}, {"end": "01:08:27", "start": "01:08:21", "text": "cents at this point, folks. Um,"}, {"end": "01:08:29", "start": "01:08:25", "text": "it could find a midterm bid in the"}, {"end": "01:08:31", "start": "01:08:27", "text": "22cent mark, but we are slipping fast."}, {"end": "01:08:33", "start": "01:08:29", "text": "And it is now slipping through a volume"}, {"end": "01:08:37", "start": "01:08:31", "text": "node. There ain't much action here. Very"}, {"end": "01:08:40", "start": "01:08:33", "text": "Oh god, do you see how big that volume"}, {"end": "01:08:43", "start": "01:08:37", "text": "hole is right there? That is a problem."}, {"end": "01:08:45", "start": "01:08:40", "text": "This is Look at this. It's slipping"}, {"end": "01:08:48", "start": "01:08:43", "text": "right through that cavern. So, you know,"}, {"end": "01:08:49", "start": "01:08:45", "text": "is what it is. Again, I like midnight a"}, {"end": "01:08:53", "start": "01:08:48", "text": "little bit a lot more than uh the"}, {"end": "01:08:55", "start": "01:08:49", "text": "Cardano chart there. Now,"}, {"end": "01:08:56", "start": "01:08:53", "text": "I feel like just doing TA and"}, {"end": "01:08:57", "start": "01:08:55", "text": ">> Yeah, I was going to I was thinking the"}, {"end": "01:08:59", "start": "01:08:56", "text": "same thing, guys. What other coins do"}, {"end": "01:09:00", "start": "01:08:57", "text": "you want us to look at? Tell hit us with"}, {"end": "01:09:02", "start": "01:08:59", "text": "some altcoins you want us to do some TA"}, {"end": "01:09:04", "start": "01:09:00", "text": "on and look at entries because these are"}, {"end": "01:09:06", "start": "01:09:02", "text": "Yeah, I'm We're sorry. We're sorry."}, {"end": "01:09:08", "start": "01:09:04", "text": "We're not laughing at you guys. We're"}, {"end": "01:09:10", "start": "01:09:06", "text": ">> We're empathizing with you. I know."}, {"end": "01:09:12", "start": "01:09:08", "text": "warned them all. I've been warning"}, {"end": "01:09:13", "start": "01:09:10", "text": "people for years about this. Like I"}, {"end": "01:09:14", "start": "01:09:12", "text": "didn't"}, {"end": "01:09:15", "start": "01:09:13", "text": ">> You have"}, {"end": "01:09:16", "start": "01:09:14", "text": ">> I don't understand. And that's the most"}, {"end": "01:09:18", "start": "01:09:15", "text": "aggravating thing."}, {"end": "01:09:20", "start": "01:09:16", "text": ">> It's easier for me to laugh because I'm"}, {"end": "01:09:23", "start": "01:09:18", "text": "officially off the bus now. But it was,"}, {"end": "01:09:25", "start": "01:09:20", "text": "you know what, almost 10. It's eight"}, {"end": "01:09:26", "start": "01:09:23", "text": "years of my life. Yeah. I'm so glad I"}, {"end": "01:09:28", "start": "01:09:25", "text": "sold Algarand. That's another one that's"}, {"end": "01:09:30", "start": "01:09:26", "text": "right there with it. Just a pure"}, {"end": "01:09:31", "start": "01:09:28", "text": "extraction. Okay. Here's all kinds of"}, {"end": "01:09:36", "start": "01:09:30", "text": "They want us to look at Hype. They want"}, {"end": "01:09:39", "start": "01:09:31", "text": "us to look at Link. Uh, Telcoin I bodied"}, {"end": "01:09:41", "start": "01:09:36", "text": "in somebody's um,"}, {"end": "01:09:42", "start": "01:09:39", "text": "Telcoin does not look strong by the way."}, {"end": "01:09:43", "start": "01:09:41", "text": "I didn't"}, {"end": "01:09:44", "start": "01:09:42", "text": ">> Telcoin,"}, {"end": "01:09:45", "start": "01:09:43", "text": ">> huh?"}, {"end": "01:09:46", "start": "01:09:44", "text": ">> What is Telcoin?"}, {"end": "01:09:48", "start": "01:09:45", "text": ">> It's just a random co. It's been around"}, {"end": "01:09:49", "start": "01:09:46", "text": "a long time, but they've never they've"}, {"end": "01:09:51", "start": "01:09:48", "text": "been around eight years. They've never"}, {"end": "01:09:54", "start": "01:09:49", "text": "delivered anything there. No value token"}, {"end": "01:09:56", "start": "01:09:51", "text": "value capture, no community. Uh, if you"}, {"end": "01:09:58", "start": "01:09:54", "text": "got SCOP into Telcoin, it's probably"}, {"end": "01:09:59", "start": "01:09:56", "text": "time to readress. So, we're not looking"}, {"end": "01:10:01", "start": "01:09:58", "text": "at that one, but let's look at uh,"}, {"end": "01:10:03", "start": "01:09:59", "text": ">> let's look at the things we like here."}, {"end": "01:10:07", "start": "01:10:01", "text": "Hyperlink Hyper Liquid."}, {"end": "01:10:10", "start": "01:10:03", "text": ">> Yeah, drop the R. Yeah."}, {"end": "01:10:12", "start": "01:10:07", "text": ">> 83 bucks. All right."}, {"end": "01:10:14", "start": "01:10:10", "text": "So,"}, {"end": "01:10:16", "start": "01:10:12", "text": "let's go actually get the true targets"}, {"end": "01:10:17", "start": "01:10:14", "text": "that I've been drawing for a while just"}, {"end": "01:10:19", "start": "01:10:16", "text": "to hold me accountable. I'm going in"}, {"end": "01:10:21", "start": "01:10:17", "text": "raw. Raw."}, {"end": "01:10:23", "start": "01:10:19", "text": "God, I miss when DZ would do that. That"}, {"end": "01:10:25", "start": "01:10:21", "text": "was like I would spit my coffee out"}, {"end": "01:10:27", "start": "01:10:23", "text": "every time. Um,"}, {"end": "01:10:28", "start": "01:10:25", "text": ">> got to get it high. You can't go deep"}, {"end": "01:10:30", "start": "01:10:27", "text": "like"}, {"end": "01:10:31", "start": "01:10:28", "text": ">> Well, I'm a heavy metal singer. It's"}, {"end": "01:10:35", "start": "01:10:30", "text": "different for me. You know, I could get"}, {"end": "01:10:38", "start": "01:10:31", "text": "much lower. I can't go much higher. Um,"}, {"end": "01:10:40", "start": "01:10:35", "text": ">> oh, INJ. Actually, this one, I think, if"}, {"end": "01:10:41", "start": "01:10:38", "text": "I remember, was hitting them pretty"}, {"end": "01:10:43", "start": "01:10:40", "text": "wrecked. And this one's been on my kind"}, {"end": "01:10:44", "start": "01:10:41", "text": "of watch list. It might be an"}, {"end": "01:10:45", "start": "01:10:43", "text": "interesting pick, too. So, let's do that"}, {"end": "01:10:48", "start": "01:10:44", "text": "one next."}, {"end": "01:10:50", "start": "01:10:45", "text": ">> Okay. INJ. Okay. Yeah. I mean, from"}, {"end": "01:10:52", "start": "01:10:48", "text": "right now, Hyperlid's probably going to"}, {"end": "01:10:54", "start": "01:10:50", "text": "follow the regression. It's got an"}, {"end": "01:10:56", "start": "01:10:52", "text": "internal red dot on the daily. This is"}, {"end": "01:10:58", "start": "01:10:54", "text": "sending"}, {"end": "01:11:01", "start": "01:10:56", "text": "vibes to the downside. It's got a red"}, {"end": "01:11:05", "start": "01:10:58", "text": "dot on the weekly recently printed."}, {"end": "01:11:06", "start": "01:11:01", "text": "So that's a big signal. Um two week not"}, {"end": "01:11:09", "start": "01:11:05", "text": "showing that yet. So red dot on the"}, {"end": "01:11:11", "start": "01:11:06", "text": "weekly internal red dot on the daily."}, {"end": "01:11:14", "start": "01:11:09", "text": "All signs point to lower. How deep is"}, {"end": "01:11:17", "start": "01:11:11", "text": "the momentum wave?"}, {"end": "01:11:18", "start": "01:11:14", "text": "Let's see here. $40 hype. I would love"}, {"end": "01:11:21", "start": "01:11:17", "text": "that. Give me the $40."}, {"end": "01:11:24", "start": "01:11:18", "text": ">> No, he's talking $40 injective."}, {"end": "01:11:27", "start": "01:11:21", "text": ">> Oh, okay. Okay. Um,"}, {"end": "01:11:30", "start": "01:11:24", "text": "we are getting very very sold on the"}, {"end": "01:11:32", "start": "01:11:27", "text": "momentum wave. 60 negative 68 on the 4"}, {"end": "01:11:35", "start": "01:11:30", "text": "hour already on hyperlquid."}, {"end": "01:11:39", "start": "01:11:32", "text": "You got a volume node here though. Um,"}, {"end": "01:11:42", "start": "01:11:35", "text": "82 82. I think I think a decent DCA spot"}, {"end": "01:11:43", "start": "01:11:39", "text": "here is not heinous. It's not heinous."}, {"end": "01:11:46", "start": "01:11:42", "text": "And this is going to be a green box"}, {"end": "01:11:47", "start": "01:11:43", "text": "because it's an adding to a position"}, {"end": "01:11:50", "start": "01:11:46", "text": "zone."}, {"end": "01:11:52", "start": "01:11:47", "text": "So, we'll set that up here. The place"}, {"end": "01:11:56", "start": "01:11:50", "text": "where you steal your neighbor's cat and"}, {"end": "01:12:00", "start": "01:11:52", "text": "sell it on eBay is at $70 though. Still"}, {"end": "01:12:02", "start": "01:11:56", "text": "70 72 70 bucks. That's where you are a"}, {"end": "01:12:05", "start": "01:12:00", "text": "neighborhood cretton. Um right here is"}, {"end": "01:12:08", "start": "01:12:02", "text": "just a generalized good DCA spot in the"}, {"end": "01:12:11", "start": "01:12:05", "text": "guts of this previous volume area. Let's"}, {"end": "01:12:13", "start": "01:12:08", "text": "actually pull the fixed volume range of"}, {"end": "01:12:15", "start": "01:12:11", "text": "just these two movements here because"}, {"end": "01:12:18", "start": "01:12:13", "text": "it's been stuck up here for quite some"}, {"end": "01:12:20", "start": "01:12:15", "text": "time. Bada bing. Bada boom. All right."}, {"end": "01:12:22", "start": "01:12:18", "text": "So,"}, {"end": "01:12:24", "start": "01:12:20", "text": "you're coming back down. Oh god, look at"}, {"end": "01:12:26", "start": "01:12:22", "text": "that. That midpoint, the opponent"}, {"end": "01:12:29", "start": "01:12:24", "text": "controls right smack dab. I'm pretty"}, {"end": "01:12:30", "start": "01:12:26", "text": "good at what I do. I can hillbilly TA"}, {"end": "01:12:34", "start": "01:12:29", "text": "this and then add the metrics on top of"}, {"end": "01:12:37", "start": "01:12:30", "text": "it. They land exactly dead center where"}, {"end": "01:12:40", "start": "01:12:34", "text": "I put that thing. Um, yeah. So, right"}, {"end": "01:12:43", "start": "01:12:37", "text": "around 81 811."}, {"end": "01:12:45", "start": "01:12:40", "text": "Decent spot. Uh, and honestly right now,"}, {"end": "01:12:48", "start": "01:12:43", "text": "I mean, it could catch its footing above"}, {"end": "01:12:49", "start": "01:12:45", "text": "this point of control for sure, but it"}, {"end": "01:12:52", "start": "01:12:48", "text": "does have a lot of metrics pointing"}, {"end": "01:12:54", "start": "01:12:49", "text": "lower. It does have a lot of metrics"}, {"end": "01:12:56", "start": "01:12:52", "text": "pointing lower on the daily and the"}, {"end": "01:12:58", "start": "01:12:54", "text": "weekly. It's pointing towards a little"}, {"end": "01:13:01", "start": "01:12:56", "text": "bit of pain. It's been an up only zone."}, {"end": "01:13:03", "start": "01:12:58", "text": "And really, the main thing on Hyperlid"}, {"end": "01:13:05", "start": "01:13:01", "text": "[clears throat] is this trend line that"}, {"end": "01:13:08", "start": "01:13:03", "text": "it built itself upon into the recent"}, {"end": "01:13:09", "start": "01:13:05", "text": "pump to all-time highs. We're going to"}, {"end": "01:13:11", "start": "01:13:08", "text": "be watching this because there is a"}, {"end": "01:13:12", "start": "01:13:09", "text": "confluence of 73 meeting up with that"}, {"end": "01:13:16", "start": "01:13:11", "text": "over the next few weeks. It could be a"}, {"end": "01:13:18", "start": "01:13:12", "text": "slow walk downtown as uh kind of the"}, {"end": "01:13:21", "start": "01:13:16", "text": "vibes, you know, get washed away for the"}, {"end": "01:13:24", "start": "01:13:18", "text": "moment being and it could still be"}, {"end": "01:13:27", "start": "01:13:21", "text": "consolidating well above this $60 mark."}, {"end": "01:13:31", "start": "01:13:24", "text": "So, Hyperlid"}, {"end": "01:13:34", "start": "01:13:27", "text": "low 80s mid70s decent spots mid low 80s"}, {"end": "01:13:37", "start": "01:13:31", "text": "mid70s decent spots. Etherame services"}, {"end": "01:13:38", "start": "01:13:34", "text": "your top asset. I wonder what E is that"}, {"end": "01:13:40", "start": "01:13:37", "text": "ENS, right? I haven't looked at that"}, {"end": "01:13:42", "start": "01:13:38", "text": "chart in forever. My god, you're"}, {"end": "01:13:45", "start": "01:13:40", "text": "bringing up a throwback here. I'm just"}, {"end": "01:13:47", "start": "01:13:42", "text": "going to go look at it."}, {"end": "01:13:49", "start": "01:13:45", "text": "I love days like this. I love cheap"}, {"end": "01:13:53", "start": "01:13:47", "text": "prices in a bullish environment. Give it"}, {"end": "01:13:56", "start": "01:13:49", "text": "give me more. Give me more. Um, not bad,"}, {"end": "01:13:57", "start": "01:13:53", "text": "honestly, since it's extreme lows. Went"}, {"end": "01:13:59", "start": "01:13:56", "text": "down like four bucks, but it's at six"}, {"end": "01:14:01", "start": "01:13:57", "text": "bucks now."}, {"end": "01:14:04", "start": "01:13:59", "text": "Oh, you got lower lows going for you"}, {"end": "01:14:06", "start": "01:14:01", "text": "there, everybody. Um, okay. I'm just"}, {"end": "01:14:08", "start": "01:14:04", "text": "going to do you a service here. Ethereum"}, {"end": "01:14:11", "start": "01:14:06", "text": "name service. You're going to have happy"}, {"end": "01:14:13", "start": "01:14:08", "text": "people selling this project at around"}, {"end": "01:14:16", "start": "01:14:11", "text": "103 bucks. You're going to run into a"}, {"end": "01:14:19", "start": "01:14:13", "text": "lot of what I call turbulence here at"}, {"end": "01:14:22", "start": "01:14:16", "text": "the 1270 mark. Not bad. I mean, I think"}, {"end": "01:14:24", "start": "01:14:19", "text": "it will, you know, if it doesn't just"}, {"end": "01:14:26", "start": "01:14:22", "text": "completely shut down. If you don't get"}, {"end": "01:14:28", "start": "01:14:24", "text": "like a shutdown announcement, this thing"}, {"end": "01:14:29", "start": "01:14:26", "text": "could hit these resistance points."}, {"end": "01:14:31", "start": "01:14:28", "text": "Nothing I'm interested in there, but I"}, {"end": "01:14:34", "start": "01:14:29", "text": "saw you sent a super chat. Figured I'd"}, {"end": "01:14:37", "start": "01:14:31", "text": "chart it out there for you. Um, should I"}, {"end": "01:14:39", "start": "01:14:34", "text": "buy VV or TOAO on this pullback?"}, {"end": "01:14:40", "start": "01:14:37", "text": ">> Yeah, VV. The next couple ones to look"}, {"end": "01:14:42", "start": "01:14:39", "text": "at I think would be interesting would be"}, {"end": "01:14:44", "start": "01:14:40", "text": "VVV. Um,"}, {"end": "01:14:45", "start": "01:14:42", "text": ">> go ahead and do the one that that you"}, {"end": "01:14:46", "start": "01:14:44", "text": "said somebody super chatted."}, {"end": "01:14:48", "start": "01:14:45", "text": ">> Oh, I just did."}, {"end": "01:14:50", "start": "01:14:46", "text": ">> Oh, ENS. Okay. Yeah. Yeah. Yeah. I just"}, {"end": "01:14:52", "start": "01:14:48", "text": ">> Let's look at VV because that Let's see"}, {"end": "01:14:54", "start": "01:14:50", "text": "where we can find some basic support for"}, {"end": "01:14:55", "start": "01:14:52", "text": "that because there's there's plenty of"}, {"end": "01:14:56", "start": "01:14:54", "text": "options out here today on stuff to"}, {"end": "01:15:00", "start": "01:14:55", "text": "accumulate."}, {"end": "01:15:04", "start": "01:14:56", "text": ">> Yeah. The the short story on ENS is have"}, {"end": "01:15:08", "start": "01:15:00", "text": "fun, don't die. um and drisk if you see"}, {"end": "01:15:11", "start": "01:15:04", "text": "it rise to 13 12 12 bucks. Now Venice"}, {"end": "01:15:14", "start": "01:15:08", "text": "token I have not charted this out"}, {"end": "01:15:16", "start": "01:15:11", "text": "because well I did recently but I"}, {"end": "01:15:17", "start": "01:15:14", "text": "haven't looked at that chart uh charting"}, {"end": "01:15:19", "start": "01:15:16", "text": "that I had done previously on it. So"}, {"end": "01:15:21", "start": "01:15:17", "text": "let's pull it up here. All right here's"}, {"end": "01:15:23", "start": "01:15:19", "text": "the design. Here's the design. Very"}, {"end": "01:15:25", "start": "01:15:21", "text": "similar to Hyperlid. I'm glad that I"}, {"end": "01:15:28", "start": "01:15:23", "text": "already have these plans pre-built. This"}, {"end": "01:15:31", "start": "01:15:25", "text": "is what I'm telling you, having a plan"}, {"end": "01:15:33", "start": "01:15:28", "text": "just makes it like you have a calm and a"}, {"end": "01:15:34", "start": "01:15:31", "text": "confidence on days like today instead of"}, {"end": "01:15:36", "start": "01:15:33", "text": "the like, wait, what's going on? I got"}, {"end": "01:15:37", "start": "01:15:34", "text": "to get caught up. I got to figure this"}, {"end": "01:15:39", "start": "01:15:36", "text": "out. And just like, oh wait, it came"}, {"end": "01:15:41", "start": "01:15:37", "text": "right down to this level. We should we"}, {"end": "01:15:42", "start": "01:15:39", "text": "should definitely get into school and"}, {"end": "01:15:43", "start": "01:15:41", "text": "start chatting with people after this,"}, {"end": "01:15:46", "start": "01:15:42", "text": "too."}, {"end": "01:15:48", "start": "01:15:43", "text": ">> Yeah. Proper preparation prevents piss"}, {"end": "01:15:49", "start": "01:15:46", "text": "poor performance, I think, is the"}, {"end": "01:15:52", "start": "01:15:48", "text": ">> I like the extra P you add in there."}, {"end": "01:15:55", "start": "01:15:49", "text": ">> Yeah. Um, so this is actually looking"}, {"end": "01:15:55", "start": "01:15:52", "text": "decled."}, {"end": "01:16:04", "start": "01:15:58", "text": "I'm just What is going on? What is"}, {"end": "01:16:07", "start": "01:16:00", "text": "Triple T? Um, we're at a previous pump"}, {"end": "01:16:09", "start": "01:16:04", "text": "to alltime high. We're at the $21"}, {"end": "01:16:12", "start": "01:16:07", "text": "all-time high that it accomplished"}, {"end": "01:16:15", "start": "01:16:09", "text": "previously before the breakout zone."}, {"end": "01:16:17", "start": "01:16:12", "text": "Kind of the same story as Hyperlid, but"}, {"end": "01:16:19", "start": "01:16:15", "text": "you're already there to that previous"}, {"end": "01:16:23", "start": "01:16:17", "text": "all-time high. So, this is a smaller DCA"}, {"end": "01:16:26", "start": "01:16:19", "text": "zone and then a uh much more aggressive"}, {"end": "01:16:29", "start": "01:16:23", "text": "DCA or adding to position in the 17 and"}, {"end": "01:16:32", "start": "01:16:26", "text": "$18 token price. Uh just testing out"}, {"end": "01:16:34", "start": "01:16:29", "text": "this trend line. So, VVV is definitely"}, {"end": "01:16:37", "start": "01:16:32", "text": "on my mind. I am going to be sending"}, {"end": "01:16:39", "start": "01:16:34", "text": "over so much Tether to exchanges here"}, {"end": "01:16:42", "start": "01:16:37", "text": "after I get off of air because there is"}, {"end": "01:16:44", "start": "01:16:39", "text": "a lot of things that are enticing me"}, {"end": "01:16:45", "start": "01:16:42", "text": "right now. The VVV pullback on the"}, {"end": "01:16:47", "start": "01:16:44", "text": "weekly, you got a red dot, so you got"}, {"end": "01:16:48", "start": "01:16:45", "text": "some velocity to the downside. You're"}, {"end": "01:16:50", "start": "01:16:47", "text": "still in the green on money flow."}, {"end": "01:16:53", "start": "01:16:48", "text": "There's room to fall, babe. There is"}, {"end": "01:16:56", "start": "01:16:50", "text": "room to fall. So,"}, {"end": "01:16:58", "start": "01:16:53", "text": "I could see VVV going and visiting 18"}, {"end": "01:17:01", "start": "01:16:56", "text": "bucks. I could absolutely see that. The"}, {"end": "01:17:04", "start": "01:16:58", "text": "red dot is also internal on the daily"}, {"end": "01:17:06", "start": "01:17:01", "text": "time frame within the money flow. You"}, {"end": "01:17:09", "start": "01:17:04", "text": "got plenty of velocity to the downside"}, {"end": "01:17:11", "start": "01:17:06", "text": "on this RSI and stochastic RSI as well."}, {"end": "01:17:14", "start": "01:17:09", "text": "Um,"}, {"end": "01:17:15", "start": "01:17:11", "text": "momentum not overextended. It's only"}, {"end": "01:17:16", "start": "01:17:14", "text": "overextended if you look at the 4 hour"}, {"end": "01:17:20", "start": "01:17:15", "text": "time frame, but these things can get"}, {"end": "01:17:22", "start": "01:17:16", "text": "real nasty real quick. Uh, Pi at this"}, {"end": "01:17:25", "start": "01:17:20", "text": "level, don't you? Now, I'm going to"}, {"end": "01:17:28", "start": "01:17:22", "text": "actually ban you. And I hold Pi. I hold"}, {"end": "01:17:32", "start": "01:17:25", "text": "Pi tokens still because I forgot about"}, {"end": "01:17:34", "start": "01:17:28", "text": "it. Um, so, you know, that'll probably"}, {"end": "01:17:35", "start": "01:17:32", "text": "one that makes me a million dollars and"}, {"end": "01:17:37", "start": "01:17:34", "text": "just disproves everything I've put"}, {"end": "01:17:40", "start": "01:17:35", "text": "together for the last 10 years in"}, {"end": "01:17:43", "start": "01:17:37", "text": "crypto. This is uh, yeah, 17 18 bucks is"}, {"end": "01:17:44", "start": "01:17:40", "text": "very, very tangible on And did you do"}, {"end": "01:17:46", "start": "01:17:43", "text": "injective?"}, {"end": "01:17:47", "start": "01:17:44", "text": ">> I'll do injective next. Yeah."}, {"end": "01:17:48", "start": "01:17:46", "text": ">> Yeah. Because that's, you know,"}, {"end": "01:17:51", "start": "01:17:47", "text": "selfishly that's the one that's the one"}, {"end": "01:17:53", "start": "01:17:48", "text": "I'm curious about because and I'm pro"}, {"end": "01:17:56", "start": "01:17:51", "text": "probably the riskreward here isn't right"}, {"end": "01:17:57", "start": "01:17:53", "text": "to do this, but this is where like if"}, {"end": "01:17:59", "start": "01:17:56", "text": "you're heavy Bitcoin, if you're still in"}, {"end": "01:18:02", "start": "01:17:57", "text": "heavy Bitcoin looking, you know what,"}, {"end": "01:18:04", "start": "01:17:59", "text": "we've got Bitcoin down,"}, {"end": "01:18:08", "start": "01:18:02", "text": "you know, 2.3%"}, {"end": "01:18:11", "start": "01:18:04", "text": "and you've got Injective down, you know,"}, {"end": "01:18:13", "start": "01:18:08", "text": "9% in the last hour, 8% on the day. So,"}, {"end": "01:18:14", "start": "01:18:11", "text": "this is where potentially if you've got"}, {"end": "01:18:16", "start": "01:18:13", "text": "something you've been thinking about"}, {"end": "01:18:19", "start": "01:18:14", "text": "rotating Bitcoin into, you can"}, {"end": "01:18:21", "start": "01:18:16", "text": "potentially, you know, uh, step up your"}, {"end": "01:18:23", "start": "01:18:19", "text": "Bitcoin bag. So, I haven't haven't done"}, {"end": "01:18:25", "start": "01:18:21", "text": "it. Uh, and I may not do it, like I"}, {"end": "01:18:26", "start": "01:18:23", "text": "said, because it's riskreward probably"}, {"end": "01:18:28", "start": "01:18:25", "text": "isn't there. Oh, that's pretty pretty"}, {"end": "01:18:31", "start": "01:18:26", "text": "clear to see. I can see that one."}, {"end": "01:18:33", "start": "01:18:28", "text": ">> Yeah, you got a honestly this is one of"}, {"end": "01:18:35", "start": "01:18:31", "text": "the more bullish ones today."}, {"end": "01:18:37", "start": "01:18:33", "text": ">> 511."}, {"end": "01:18:39", "start": "01:18:35", "text": ">> So, it's it does again have that red dot"}, {"end": "01:18:42", "start": "01:18:37", "text": "on the weekly. The thing that I'm"}, {"end": "01:18:43", "start": "01:18:39", "text": "noticing here is a very clean money flow"}, {"end": "01:18:46", "start": "01:18:42", "text": "swoop to the upside is happening"}, {"end": "01:18:47", "start": "01:18:43", "text": "regardless on the weekly time frame."}, {"end": "01:18:50", "start": "01:18:46", "text": "You're tapping the midpoint of the W"}, {"end": "01:18:51", "start": "01:18:47", "text": "pattern already right now. You got this"}, {"end": "01:18:55", "start": "01:18:50", "text": "midpoint volume node that it's running"}, {"end": "01:18:57", "start": "01:18:51", "text": "into right now. It is a potential it"}, {"end": "01:18:58", "start": "01:18:55", "text": "catches a bid here at the 650 mark."}, {"end": "01:19:02", "start": "01:18:57", "text": "Otherwise,"}, {"end": "01:19:06", "start": "01:18:58", "text": "the magnet really is between about $6"}, {"end": "01:19:08", "start": "01:19:02", "text": "proper down to 520. Um, so I'll actually"}, {"end": "01:19:10", "start": "01:19:06", "text": "draw this out. I you know buying"}, {"end": "01:19:14", "start": "01:19:08", "text": "injective proper for me hasn't really"}, {"end": "01:19:16", "start": "01:19:10", "text": "like crossed my mind a bunch but maybe I"}, {"end": "01:19:17", "start": "01:19:14", "text": "should be taking that more seriously."}, {"end": "01:19:19", "start": "01:19:16", "text": ">> No the reason it's on my mind and this"}, {"end": "01:19:21", "start": "01:19:17", "text": "is worth noting Bitfinex longs went"}, {"end": "01:19:23", "start": "01:19:19", "text": "vertical so that means you know old"}, {"end": "01:19:25", "start": "01:19:21", "text": "school whales are loading up but which I"}, {"end": "01:19:27", "start": "01:19:23", "text": "thought they were shutting Bitfinex"}, {"end": "01:19:29", "start": "01:19:25", "text": "down. I thought it was closing but um I"}, {"end": "01:19:32", "start": "01:19:27", "text": "could be wrong there. Uh, injective is"}, {"end": "01:19:33", "start": "01:19:29", "text": "one that I have a little bit of u kind"}, {"end": "01:19:35", "start": "01:19:32", "text": "of left over that I never really did"}, {"end": "01:19:38", "start": "01:19:33", "text": "anything with because I do think it can"}, {"end": "01:19:40", "start": "01:19:35", "text": "recover. Uh, and it's one of those it's"}, {"end": "01:19:42", "start": "01:19:38", "text": "not a meaningful enough position to"}, {"end": "01:19:43", "start": "01:19:40", "text": "where I get ex you know like if it was"}, {"end": "01:19:45", "start": "01:19:42", "text": "to double up or triple up it wouldn't"}, {"end": "01:19:47", "start": "01:19:43", "text": "really have a dramatic impact on my"}, {"end": "01:19:49", "start": "01:19:45", "text": "portfolio. Uh,"}, {"end": "01:19:51", "start": "01:19:47", "text": ">> and so oftent time and this is just me"}, {"end": "01:19:53", "start": "01:19:49", "text": "and this my personal preference and this"}, {"end": "01:19:54", "start": "01:19:51", "text": "is why I tell everybody you have they"}, {"end": "01:19:56", "start": "01:19:53", "text": "have to make their own plans. Don't just"}, {"end": "01:19:59", "start": "01:19:54", "text": "follow what other people do. But for me"}, {"end": "01:20:03", "start": "01:19:56", "text": "personally, I don't like to have"}, {"end": "01:20:07", "start": "01:19:59", "text": "something that doesn't if I if I 3x it"}, {"end": "01:20:09", "start": "01:20:03", "text": "or 5x it, I'm just like, meh, it didn't"}, {"end": "01:20:12", "start": "01:20:07", "text": "meaningfully or materially impact my"}, {"end": "01:20:13", "start": "01:20:09", "text": "portfolio. So, I'm either going to roll"}, {"end": "01:20:15", "start": "01:20:12", "text": "it into something else that I have high"}, {"end": "01:20:16", "start": "01:20:13", "text": "conviction in, you know, like near like"}, {"end": "01:20:17", "start": "01:20:15", "text": "we, you know, some of these arrow, some"}, {"end": "01:20:20", "start": "01:20:16", "text": "of these other things we've talked"}, {"end": "01:20:21", "start": "01:20:17", "text": "about, or take some bitcoin, you know,"}, {"end": "01:20:24", "start": "01:20:20", "text": "take half a bitcoin or more and put it"}, {"end": "01:20:27", "start": "01:20:21", "text": "into it to where it'll it'll actually,"}, {"end": "01:20:29", "start": "01:20:24", "text": "you know, make a move. Um, where it's"}, {"end": "01:20:31", "start": "01:20:27", "text": "like, hey, now I got, you know, whatever"}, {"end": "01:20:33", "start": "01:20:29", "text": "100k into it, and if it 5xes, I'll"}, {"end": "01:20:36", "start": "01:20:31", "text": "actually be happy because that's a, you"}, {"end": "01:20:37", "start": "01:20:33", "text": "know, that's enough to, you know, get me"}, {"end": "01:20:40", "start": "01:20:36", "text": "excited. So,"}, {"end": "01:20:43", "start": "01:20:37", "text": ">> right. Well, Injectives got honestly, I"}, {"end": "01:20:45", "start": "01:20:40", "text": "mean, just looking at this thing from a"}, {"end": "01:20:47", "start": "01:20:43", "text": "broadstroke again, I remember why I"}, {"end": "01:20:49", "start": "01:20:45", "text": "really my ears perked up on this when I"}, {"end": "01:20:50", "start": "01:20:47", "text": "was reminded about it. It's because it's"}, {"end": "01:20:54", "start": "01:20:49", "text": "got higher highs"}, {"end": "01:20:56", "start": "01:20:50", "text": ">> and higher lows. It's pretty deep in the"}, {"end": "01:20:57", "start": "01:20:54", "text": "top 100, too. It's number 77."}, {"end": "01:21:02", "start": "01:20:56", "text": ">> Mhm."}, {"end": "01:21:04", "start": "01:20:57", "text": ">> And the market cap is only $670 million."}, {"end": "01:21:07", "start": "01:21:02", "text": ">> Fully circulating supply."}, {"end": "01:21:09", "start": "01:21:04", "text": ">> Right. Right. This got a lot."}, {"end": "01:21:10", "start": "01:21:07", "text": ">> Look, obviously Kantrol, you obviously"}, {"end": "01:21:13", "start": "01:21:09", "text": "weren't watching the stream earlier."}, {"end": "01:21:14", "start": "01:21:10", "text": "We're not going to chart a memecoin."}, {"end": "01:21:16", "start": "01:21:13", "text": ">> Sorry."}, {"end": "01:21:17", "start": "01:21:14", "text": ">> Oh, no. I mean, it's going to zero. That"}, {"end": "01:21:20", "start": "01:21:16", "text": "just to answer your question."}, {"end": "01:21:22", "start": "01:21:17", "text": ">> Yeah. Going to be down 99% over a long"}, {"end": "01:21:24", "start": "01:21:20", "text": "enough time frame."}, {"end": "01:21:27", "start": "01:21:22", "text": ">> So, hopefully you make money. Have fun."}, {"end": "01:21:29", "start": "01:21:24", "text": "Don't die. Um, let's see here. I'm going"}, {"end": "01:21:32", "start": "01:21:27", "text": "to give the injective. Have we given our"}, {"end": "01:21:33", "start": "01:21:29", "text": "robot injective yet?"}, {"end": "01:21:34", "start": "01:21:32", "text": ">> Uh, no. Let's do it. Let's do it."}, {"end": "01:21:37", "start": "01:21:33", "text": ">> Yeah, let's do it. I'm I'm interested in"}, {"end": "01:21:39", "start": "01:21:34", "text": "this because the full circulating"}, {"end": "01:21:41", "start": "01:21:37", "text": ">> on my own, but"}, {"end": "01:21:43", "start": "01:21:39", "text": ">> it's got a lot of things going for it. I"}, {"end": "01:21:45", "start": "01:21:41", "text": "mean, you you hear me all the time harp"}, {"end": "01:21:47", "start": "01:21:43", "text": "on that. All I want in a decent altcoin"}, {"end": "01:21:49", "start": "01:21:45", "text": "project is higher lows,"}, {"end": "01:21:52", "start": "01:21:47", "text": "be generally positioned in the right"}, {"end": "01:21:55", "start": "01:21:49", "text": "narrative fit. And I do think can't"}, {"end": "01:21:58", "start": "01:21:52", "text": "remember exactly what I think it was. Um"}, {"end": "01:22:00", "start": "01:21:55", "text": "I'm going to the website"}, {"end": "01:22:02", "start": "01:21:58", "text": "Internet Economy first blockchain. Yeah."}, {"end": "01:22:04", "start": "01:22:00", "text": "So they're AI agent trading focused and"}, {"end": "01:22:06", "start": "01:22:02", "text": "tokenized assets. That's the right."}, {"end": "01:22:08", "start": "01:22:04", "text": ">> Everybody's AI agent trading focus these"}, {"end": "01:22:10", "start": "01:22:06", "text": "days, Jordan. You know, every every coin"}, {"end": "01:22:13", "start": "01:22:08", "text": "out there is for a for AI agent,"}, {"end": "01:22:14", "start": "01:22:10", "text": ">> but I remember Injective was about that"}, {"end": "01:22:18", "start": "01:22:13", "text": "before was cool."}, {"end": "01:22:20", "start": "01:22:14", "text": ">> They were and they were also about uh"}, {"end": "01:22:22", "start": "01:22:18", "text": "equities and getting equities on chain"}, {"end": "01:22:24", "start": "01:22:20", "text": "and tokenization and all that sort of"}, {"end": "01:22:25", "start": "01:22:22", "text": "stuff, too. So, I'm I'm working on the"}, {"end": "01:22:27", "start": "01:22:24", "text": "the"}, {"end": "01:22:29", "start": "01:22:25", "text": "uh AI scorecard that we have as part of"}, {"end": "01:22:30", "start": "01:22:27", "text": "school is uh is working right now. I'll"}, {"end": "01:22:32", "start": "01:22:29", "text": "pull it up when you don't. But yeah,"}, {"end": "01:22:35", "start": "01:22:30", "text": "that's Yeah, here we go. Oh, you got it."}, {"end": "01:22:36", "start": "01:22:32", "text": "Oh, interesting. Yeah, you just ran that"}, {"end": "01:22:37", "start": "01:22:35", "text": "or is that"}, {"end": "01:22:39", "start": "01:22:36", "text": ">> Huh?"}, {"end": "01:22:42", "start": "01:22:37", "text": ">> Just ran it. Adoption community is low."}, {"end": "01:22:44", "start": "01:22:39", "text": ">> I'm going to swap over mine. Actually,"}, {"end": "01:22:47", "start": "01:22:42", "text": "this is worth looking into. Gave me a"}, {"end": "01:22:48", "start": "01:22:44", "text": "slightly uh upgraded. I think it gave me"}, {"end": "01:22:51", "start": "01:22:47", "text": "a higher team track record than it gave"}, {"end": "01:22:55", "start": "01:22:48", "text": "me. Gave it barely bumped this into a"}, {"end": "01:22:57", "start": "01:22:51", "text": "four. Um, tokconomics are strong, team"}, {"end": "01:23:00", "start": "01:22:55", "text": "track record are strong, and yeah, val"}, {"end": "01:23:02", "start": "01:22:57", "text": "value capture medium, narrative medium."}, {"end": "01:23:04", "start": "01:23:00", "text": "So this was more you know technically"}, {"end": "01:23:08", "start": "01:23:02", "text": "credible purpose-built DeFi L1. So"}, {"end": "01:23:11", "start": "01:23:04", "text": "again, this this is where the L1 factor"}, {"end": "01:23:13", "start": "01:23:08", "text": "is interesting to me like uh concerning"}, {"end": "01:23:17", "start": "01:23:11", "text": "interesting in a negative way because of"}, {"end": "01:23:18", "start": "01:23:13", "text": "what we um have been looking at with"}, {"end": "01:23:20", "start": "01:23:17", "text": "just the L1 thesis and it's going to be"}, {"end": "01:23:22", "start": "01:23:18", "text": "hard to compete but"}, {"end": "01:23:24", "start": "01:23:20", "text": ">> tokconomics you know fully circulating"}, {"end": "01:23:27", "start": "01:23:22", "text": "supply"}, {"end": "01:23:30", "start": "01:23:24", "text": "little small TVL you know like there's"}, {"end": "01:23:31", "start": "01:23:27", "text": "there's definitely some risk to to be"}, {"end": "01:23:32", "start": "01:23:30", "text": "you know like as it would say risk to my"}, {"end": "01:23:35", "start": "01:23:31", "text": "portfolio for sure but strong"}, {"end": "01:23:37", "start": "01:23:32", "text": "tokconomics strong team"}, {"end": "01:23:39", "start": "01:23:35", "text": "mo, you know, like low adoption, which I"}, {"end": "01:23:42", "start": "01:23:37", "text": "would agree with, reasonable narrative"}, {"end": "01:23:44", "start": "01:23:39", "text": "and problem, but it to me it's mostly"}, {"end": "01:23:44", "start": "01:23:42", "text": "the TA factor that makes it interesting."}, {"end": "01:23:45", "start": "01:23:44", "text": "Um,"}, {"end": "01:23:47", "start": "01:23:44", "text": ">> yeah,"}, {"end": "01:23:48", "start": "01:23:45", "text": ">> because it it's one of those ones again,"}, {"end": "01:23:50", "start": "01:23:47", "text": "you get,"}, {"end": "01:23:53", "start": "01:23:48", "text": ">> you know, it's it'll it could very well"}, {"end": "01:23:55", "start": "01:23:50", "text": "do a lot. It it be one of my smaller uh"}, {"end": "01:23:58", "start": "01:23:53", "text": "or lower cap ones in my portfolio that"}, {"end": "01:23:59", "start": "01:23:55", "text": "could more than 10x if everything goes"}, {"end": "01:24:01", "start": "01:23:58", "text": "ballistic the way I think, you know,"}, {"end": "01:24:03", "start": "01:23:59", "text": "some of the majors are going to do. So"}, {"end": "01:24:05", "start": "01:24:01", "text": ">> yeah, we're sitting here harping on like"}, {"end": "01:24:10", "start": "01:24:03", "text": "whatever price levels are at right now."}, {"end": "01:24:12", "start": "01:24:05", "text": ">> My general thesis 3xes even the the the"}, {"end": "01:24:16", "start": "01:24:10", "text": "bad ones in the scenario that I think is"}, {"end": "01:24:19", "start": "01:24:12", "text": "coming. But the warning is about holding"}, {"end": "01:24:21", "start": "01:24:16", "text": "these things all the way through this"}, {"end": "01:24:23", "start": "01:24:19", "text": "coming bull market and then just roundt"}, {"end": "01:24:25", "start": "01:24:21", "text": "tripping at all and then having to stare"}, {"end": "01:24:28", "start": "01:24:23", "text": "in the mirror every morning thinking"}, {"end": "01:24:30", "start": "01:24:25", "text": "about that five grand that turned into"}, {"end": "01:24:32", "start": "01:24:28", "text": "40 or whatever and you didn't take"}, {"end": "01:24:34", "start": "01:24:30", "text": "profits. You didn't take it off the"}, {"end": "01:24:36", "start": "01:24:32", "text": "shelf here. And if I have to choose"}, {"end": "01:24:37", "start": "01:24:34", "text": "between injective and near, I'm going"}, {"end": "01:24:39", "start": "01:24:36", "text": "near."}, {"end": "01:24:40", "start": "01:24:37", "text": ">> Well, of course, of course I'm that's"}, {"end": "01:24:42", "start": "01:24:39", "text": "what I'm and I already have done that."}, {"end": "01:24:44", "start": "01:24:40", "text": "That's you know I have a significant"}, {"end": "01:24:45", "start": "01:24:42", "text": "position in here. I have a tiny position"}, {"end": "01:24:48", "start": "01:24:44", "text": "in injective. This would be like if I"}, {"end": "01:24:50", "start": "01:24:45", "text": "wanted something that I think could run"}, {"end": "01:24:52", "start": "01:24:48", "text": "like if Near does what I think it's"}, {"end": "01:24:55", "start": "01:24:50", "text": "going to do. This conceivably could, you"}, {"end": "01:24:58", "start": "01:24:52", "text": "know, 20x, you know, something like"}, {"end": "01:25:02", "start": "01:24:55", "text": "that. So, it's like you get if I get"}, {"end": "01:25:03", "start": "01:24:58", "text": ">> 50K the 20x like"}, {"end": "01:25:06", "start": "01:25:02", "text": ">> roll that into Bitcoin all day long."}, {"end": "01:25:11", "start": "01:25:03", "text": ">> Absolutely. Absolutely. Yeah. Near is"}, {"end": "01:25:14", "start": "01:25:06", "text": "pulling back. We got 460 now on near pro"}, {"end": "01:25:16", "start": "01:25:11", "text": "near protocol. So now we're starting to"}, {"end": "01:25:17", "start": "01:25:14", "text": "tap these moments. And actually, I think"}, {"end": "01:25:19", "start": "01:25:16", "text": "we're probably going to find buoyancy"}, {"end": "01:25:23", "start": "01:25:17", "text": "here in this zone. We're already tapping"}, {"end": "01:25:26", "start": "01:25:19", "text": "it. I finally got it. I finally did it."}, {"end": "01:25:29", "start": "01:25:23", "text": "I had to be patient with my freaking"}, {"end": "01:25:30", "start": "01:25:26", "text": "tether for this project."}, {"end": "01:25:32", "start": "01:25:29", "text": "Yes. Um"}, {"end": "01:25:33", "start": "01:25:30", "text": ">> it came back. It came home."}, {"end": "01:25:35", "start": "01:25:32", "text": ">> Yeah, it came back."}, {"end": "01:25:37", "start": "01:25:33", "text": ">> There you go. Also, I see this. Get the"}, {"end": "01:25:38", "start": "01:25:35", "text": "likes up. I we've probably got some"}, {"end": "01:25:40", "start": "01:25:37", "text": "people that aren't here every single"}, {"end": "01:25:42", "start": "01:25:38", "text": "day. If this is their first time back in"}, {"end": "01:25:43", "start": "01:25:40", "text": "a while, if you guys have enjoyed the"}, {"end": "01:25:45", "start": "01:25:42", "text": "show ever at any point in time, if you"}, {"end": "01:25:47", "start": "01:25:43", "text": "could slap that like button for us, it"}, {"end": "01:25:49", "start": "01:25:45", "text": "really does help out the channel and"}, {"end": "01:25:51", "start": "01:25:47", "text": "help out the space getting more uh"}, {"end": "01:25:53", "start": "01:25:49", "text": "crypto content out there. So, appreciate"}, {"end": "01:25:54", "start": "01:25:51", "text": "that call out, Kron. Uh sometimes it's"}, {"end": "01:25:56", "start": "01:25:53", "text": "difficult on mobile. I don't even know"}, {"end": "01:25:57", "start": "01:25:54", "text": "where to find it half the time on"}, {"end": "01:25:59", "start": "01:25:56", "text": "mobile. So, sometimes you have to close"}, {"end": "01:26:00", "start": "01:25:57", "text": "the live chat. Some, you know, sometimes"}, {"end": "01:26:02", "start": "01:25:59", "text": "it depends on what account you're in."}, {"end": "01:26:04", "start": "01:26:00", "text": "But you could smash that like button."}, {"end": "01:26:05", "start": "01:26:02", "text": "Yeah. Follow, share, send it to a"}, {"end": "01:26:07", "start": "01:26:04", "text": "friend. all, you know, that's the best"}, {"end": "01:26:08", "start": "01:26:05", "text": "thing you could ever do is copy the"}, {"end": "01:26:09", "start": "01:26:07", "text": "link. Even if you don't send it to"}, {"end": "01:26:12", "start": "01:26:08", "text": "somebody, just pretend you're going to"}, {"end": "01:26:13", "start": "01:26:09", "text": "share it. That really helps us. So,"}, {"end": "01:26:16", "start": "01:26:12", "text": ">> this will be interesting for the ISO"}, {"end": "01:26:19", "start": "01:26:13", "text": "people, too, dude. If this quant pump"}, {"end": "01:26:21", "start": "01:26:16", "text": "gives up"}, {"end": "01:26:23", "start": "01:26:19", "text": ">> Yeah. I mean, they they'll be pissed. I"}, {"end": "01:26:27", "start": "01:26:21", "text": "actually think this quant pump's going"}, {"end": "01:26:29", "start": "01:26:23", "text": "to hold in the 200 range or 180 range."}, {"end": "01:26:31", "start": "01:26:27", "text": "Um,"}, {"end": "01:26:32", "start": "01:26:29", "text": "personally, but look at that. You're"}, {"end": "01:26:34", "start": "01:26:31", "text": "coming right to that point of"}, {"end": "01:26:36", "start": "01:26:32", "text": "resistance. So the most bullish scenario"}, {"end": "01:26:39", "start": "01:26:34", "text": "that I I laid this out like right after"}, {"end": "01:26:41", "start": "01:26:36", "text": "this quant pump up to like 352 bucks."}, {"end": "01:26:44", "start": "01:26:39", "text": "The most bullish scenario is you come"}, {"end": "01:26:46", "start": "01:26:41", "text": "back down prove this old resistance as"}, {"end": "01:26:48", "start": "01:26:44", "text": "support and then you can start the party"}, {"end": "01:26:51", "start": "01:26:46", "text": "from there for quant which is a"}, {"end": "01:26:56", "start": "01:26:48", "text": "possibility is a massive massive out of"}, {"end": "01:26:59", "start": "01:26:51", "text": "the blue bank integration pump and quant"}, {"end": "01:27:03", "start": "01:26:56", "text": "is drinking XRP's milkshake. It it's"}, {"end": "01:27:05", "start": "01:26:59", "text": "drinking the XRP milkshake. So, um, hey"}, {"end": "01:27:06", "start": "01:27:03", "text": "y'all look at Morpho yet. I've hold"}, {"end": "01:27:07", "start": "01:27:05", "text": "Morpho and"}, {"end": "01:27:08", "start": "01:27:06", "text": ">> go ahead and look at it. Should I"}, {"end": "01:27:12", "start": "01:27:07", "text": "fullport my or should I sell all my"}, {"end": "01:27:13", "start": "01:27:08", "text": "memes and for full port near? Uh, I"}, {"end": "01:27:15", "start": "01:27:12", "text": "don't know how what your positions are."}, {"end": "01:27:17", "start": "01:27:13", "text": "I can't speak to your whole reality, but"}, {"end": "01:27:19", "start": "01:27:15", "text": "I sure as heck would. Your memes are not"}, {"end": "01:27:21", "start": "01:27:17", "text": "going to not going to make it probably,"}, {"end": "01:27:22", "start": "01:27:19", "text": "especially if they're old, especially if"}, {"end": "01:27:24", "start": "01:27:21", "text": "they're older memes. Like, if you're"}, {"end": "01:27:27", "start": "01:27:22", "text": "down,"}, {"end": "01:27:30", "start": "01:27:24", "text": "if it's $17 or 17 cents, it's probably"}, {"end": "01:27:32", "start": "01:27:27", "text": "pointless. Um,"}, {"end": "01:27:34", "start": "01:27:30", "text": "you know, I just I feel so bad when, you"}, {"end": "01:27:35", "start": "01:27:32", "text": "know, there's people with Giga and"}, {"end": "01:27:36", "start": "01:27:34", "text": "people, you know, people with these"}, {"end": "01:27:38", "start": "01:27:35", "text": "memes and they're just like, I just want"}, {"end": "01:27:42", "start": "01:27:36", "text": "to wait till they pump and they, you"}, {"end": "01:27:44", "start": "01:27:38", "text": "know, you might get a a last gasp before"}, {"end": "01:27:46", "start": "01:27:42", "text": "they die, but um,"}, {"end": "01:27:48", "start": "01:27:44", "text": ">> you should have very at the very least"}, {"end": "01:27:50", "start": "01:27:46", "text": "stop buying memes."}, {"end": "01:27:50", "start": "01:27:48", "text": "[laughter]"}, {"end": "01:27:57", "start": "01:27:52", "text": "You sound like a drug counselor in a"}, {"end": "01:27:59", "start": "01:27:54", "text": "7-Eleven or something right there. Um,"}, {"end": "01:28:01", "start": "01:27:57", "text": "so"}, {"end": "01:28:03", "start": "01:27:59", "text": "Morpho actually is at an interesting"}, {"end": "01:28:06", "start": "01:28:01", "text": "point. God, this is such an unhinged"}, {"end": "01:28:09", "start": "01:28:03", "text": "stream. I love these pullback days. Um,"}, {"end": "01:28:11", "start": "01:28:06", "text": "you know, so the the major entry point"}, {"end": "01:28:13", "start": "01:28:09", "text": "that I had done, I've had a few on them"}, {"end": "01:28:17", "start": "01:28:11", "text": "on this chart. So the really good one"}, {"end": "01:28:19", "start": "01:28:13", "text": "was 87 and"}, {"end": "01:28:23", "start": "01:28:17", "text": "secondarily, I went heavy after this"}, {"end": "01:28:24", "start": "01:28:19", "text": "thing at $2 proper kind of in this zone."}, {"end": "01:28:26", "start": "01:28:23", "text": "It'll be interesting to see if more folk"}, {"end": "01:28:29", "start": "01:28:24", "text": "can hold this up, honestly. like it's"}, {"end": "01:28:32", "start": "01:28:26", "text": "such a good project from my perspective"}, {"end": "01:28:35", "start": "01:28:29", "text": "that I want it to go to the dollar"}, {"end": "01:28:38", "start": "01:28:32", "text": "something odd region. Uh let's go see"}, {"end": "01:28:40", "start": "01:28:35", "text": "how likely that would be to see if $2"}, {"end": "01:28:42", "start": "01:28:38", "text": "can hold us up with this velocity of"}, {"end": "01:28:44", "start": "01:28:40", "text": "this dip."}, {"end": "01:28:46", "start": "01:28:42", "text": "So yeah, and I had the plan here. God,"}, {"end": "01:28:49", "start": "01:28:44", "text": "see the plans are all they're all right"}, {"end": "01:28:51", "start": "01:28:46", "text": "there for me. Hasn't clipped the red dot"}, {"end": "01:28:54", "start": "01:28:49", "text": "on the twoe. Nice pullback and we're"}, {"end": "01:28:57", "start": "01:28:51", "text": "going right back into my I'm happy DCA"}, {"end": "01:29:00", "start": "01:28:54", "text": "zone at like $210."}, {"end": "01:29:02", "start": "01:28:57", "text": "Um, very close to it actually when I'm"}, {"end": "01:29:03", "start": "01:29:00", "text": "looking at this. Yeah, I think that's um"}, {"end": "01:29:06", "start": "01:29:02", "text": "that's probably going to be the decent"}, {"end": "01:29:09", "start": "01:29:03", "text": "spot. The point of control is potential"}, {"end": "01:29:12", "start": "01:29:06", "text": "at a$1.90 for sure, like the point of"}, {"end": "01:29:14", "start": "01:29:09", "text": "control this last range. But in this"}, {"end": "01:29:17", "start": "01:29:12", "text": "current environment, I I could see"}, {"end": "01:29:19", "start": "01:29:14", "text": "actually adding I could see if you if I"}, {"end": "01:29:21", "start": "01:29:17", "text": "had zero exposure to Morpho, I'd be"}, {"end": "01:29:24", "start": "01:29:19", "text": "getting some. That's, you know, that"}, {"end": "01:29:26", "start": "01:29:21", "text": "that's just personally. Uh, okay, I'll"}, {"end": "01:29:28", "start": "01:29:24", "text": "stop it. I'm not selling my dog. Red"}, {"end": "01:29:29", "start": "01:29:26", "text": "token. Red token's always been an"}, {"end": "01:29:34", "start": "01:29:28", "text": "interesting one, but it's hard to"}, {"end": "01:29:35", "start": "01:29:29", "text": "compete. I think red is an oracle. Red"}, {"end": "01:29:38", "start": "01:29:34", "text": "token is like an oracle within the"}, {"end": "01:29:40", "start": "01:29:35", "text": "securitiz ecosystem."}, {"end": "01:29:43", "start": "01:29:38", "text": "Um, it's such an obscure one though,"}, {"end": "01:29:47", "start": "01:29:40", "text": "man. Like I don't know about going that"}, {"end": "01:29:47", "start": "01:29:43", "text": "deep. Morpho or Monero."}, {"end": "01:29:53", "start": "01:29:49", "text": "God,"}, {"end": "01:29:57", "start": "01:29:50", "text": "that is a tough choice."}, {"end": "01:29:59", "start": "01:29:53", "text": "That is a tough choice. Monero I like I"}, {"end": "01:30:01", "start": "01:29:57", "text": "wear Monero socks all the time and I"}, {"end": "01:30:02", "start": "01:29:59", "text": "don't even tell you guys. That's the"}, {"end": "01:30:04", "start": "01:30:01", "text": "thing about Monero. You don't talk about"}, {"end": "01:30:06", "start": "01:30:02", "text": "Monero. Um,"}, {"end": "01:30:08", "start": "01:30:04", "text": ">> but you don't, my thesis was, especially"}, {"end": "01:30:10", "start": "01:30:06", "text": "with a lot of privacy coins, these"}, {"end": "01:30:11", "start": "01:30:08", "text": "aren't investments. These are utilities."}, {"end": "01:30:13", "start": "01:30:10", "text": "Buy it when you need it."}, {"end": "01:30:16", "start": "01:30:11", "text": ">> Use it for whatever you need to use it"}, {"end": "01:30:19", "start": "01:30:13", "text": "for. Uh, which for most people is not"}, {"end": "01:30:21", "start": "01:30:16", "text": "much. Um,"}, {"end": "01:30:23", "start": "01:30:19", "text": "just my two cents."}, {"end": "01:30:25", "start": "01:30:21", "text": ">> And Monero's probably in for a dip. And"}, {"end": "01:30:27", "start": "01:30:23", "text": "Monero's actually probably in for a"}, {"end": "01:30:29", "start": "01:30:25", "text": "larger dip."}, {"end": "01:30:31", "start": "01:30:27", "text": "I could see like 430"}, {"end": "01:30:34", "start": "01:30:29", "text": "for like coming in and tapping this"}, {"end": "01:30:36", "start": "01:30:31", "text": "liquidity zone right here like 420 440."}, {"end": "01:30:39", "start": "01:30:34", "text": "I could see that it's probably got more"}, {"end": "01:30:41", "start": "01:30:36", "text": "pain in the the future than what you're"}, {"end": "01:30:43", "start": "01:30:39", "text": "seeing on the Morpho chart. So yeah, I"}, {"end": "01:30:44", "start": "01:30:41", "text": "would think if I was looking at either"}, {"end": "01:30:48", "start": "01:30:43", "text": "or I'd be going after a little bit of"}, {"end": "01:30:50", "start": "01:30:44", "text": "Morpho, but it it's a tough choice. I I"}, {"end": "01:30:52", "start": "01:30:48", "text": "do like what Monero is and what it does."}, {"end": "01:30:56", "start": "01:30:50", "text": "Um so"}, {"end": "01:30:59", "start": "01:30:52", "text": "you know XLM is not rising this time. H"}, {"end": "01:31:01", "start": "01:30:56", "text": "stellar you know the XR or the ISO I"}, {"end": "01:31:04", "start": "01:30:59", "text": "don't even know we need to come up with"}, {"end": "01:31:07", "start": "01:31:01", "text": "a new name for this"}, {"end": "01:31:11", "start": "01:31:04", "text": "ISO token community. I feel like it's so"}, {"end": "01:31:12", "start": "01:31:07", "text": "played out and ISO 200022 is not"}, {"end": "01:31:15", "start": "01:31:11", "text": "something fun that I can say. It's not a"}, {"end": "01:31:18", "start": "01:31:12", "text": "slang word I can say on the air to uh"}, {"end": "01:31:22", "start": "01:31:15", "text": "reference a community. But Stellar uh is"}, {"end": "01:31:25", "start": "01:31:18", "text": "probably in the 16 15 cent zone. Stellar"}, {"end": "01:31:28", "start": "01:31:22", "text": "is pain until one week it's not. And"}, {"end": "01:31:30", "start": "01:31:25", "text": "then if you don't leave the week that"}, {"end": "01:31:34", "start": "01:31:28", "text": "it's not in pain, you experience more"}, {"end": "01:31:36", "start": "01:31:30", "text": "pain for years on end. So it's not in"}, {"end": "01:31:37", "start": "01:31:34", "text": "its zone of fun clearly and it's"}, {"end": "01:31:40", "start": "01:31:36", "text": "probably going to be a while till it"}, {"end": "01:31:41", "start": "01:31:37", "text": "feels its zone of fun. you. Something"}, {"end": "01:31:46", "start": "01:31:40", "text": "very important to note about Stellar is"}, {"end": "01:31:51", "start": "01:31:41", "text": "that it spends here's 720 days in pain,"}, {"end": "01:31:54", "start": "01:31:46", "text": "extreme pain. Here's another 900 days in"}, {"end": "01:31:58", "start": "01:31:51", "text": "pain. And you're only, as of right now,"}, {"end": "01:32:01", "start": "01:31:54", "text": "you're only 230 days into the pain,"}, {"end": "01:32:03", "start": "01:31:58", "text": "right? So, there could be a [snorts] lot"}, {"end": "01:32:06", "start": "01:32:01", "text": "more time having to wait on the wings"}, {"end": "01:32:07", "start": "01:32:03", "text": "here. But when it does move, it moves. I"}, {"end": "01:32:10", "start": "01:32:06", "text": "would just recommend when you see a few"}, {"end": "01:32:11", "start": "01:32:07", "text": "weeks in a row of just up only feelings,"}, {"end": "01:32:14", "start": "01:32:10", "text": "when you're finally showing your phone"}, {"end": "01:32:16", "start": "01:32:11", "text": "to your spouse so that she doesn't leave"}, {"end": "01:32:18", "start": "01:32:14", "text": "you for investing in Stella Lumens,"}, {"end": "01:32:20", "start": "01:32:16", "text": "that's when you sell it, right? That's"}, {"end": "01:32:22", "start": "01:32:18", "text": "what that's when you actually get out of"}, {"end": "01:32:25", "start": "01:32:20", "text": "this thing because it spends many years"}, {"end": "01:32:28", "start": "01:32:22", "text": "each time in this accumulation pocket,"}, {"end": "01:32:30", "start": "01:32:25", "text": "right? It does have the higher low"}, {"end": "01:32:32", "start": "01:32:28", "text": "scenario going for it. I will absolutely"}, {"end": "01:32:34", "start": "01:32:30", "text": "give you that. But the time frames that"}, {"end": "01:32:36", "start": "01:32:32", "text": "you have to spend in these zones can"}, {"end": "01:32:37", "start": "01:32:34", "text": "wash out people very very hard."}, {"end": "01:32:39", "start": "01:32:36", "text": "Algarand."}, {"end": "01:32:41", "start": "01:32:37", "text": ">> Well, hold on. We got a super chat here"}, {"end": "01:32:44", "start": "01:32:39", "text": "asking for Ember, an AI utility coin."}, {"end": "01:32:47", "start": "01:32:41", "text": ">> Ember. Okay, so we've convinced him out"}, {"end": "01:32:49", "start": "01:32:44", "text": "of the trap house and into this house."}, {"end": "01:32:51", "start": "01:32:47", "text": "Let's see here."}, {"end": "01:32:53", "start": "01:32:49", "text": ">> What a troll. You can't TA that."}, {"end": "01:32:54", "start": "01:32:51", "text": ">> What is he doing? This is not"}, {"end": "01:32:58", "start": "01:32:53", "text": ">> just trolling. All right, so speaking of"}, {"end": "01:32:59", "start": "01:32:54", "text": "another down only coin, Algarand. Um,"}, {"end": "01:33:02", "start": "01:32:58", "text": ">> yeah, Algarand."}, {"end": "01:33:03", "start": "01:32:59", "text": ">> Get out. Get out. It's a scam."}, {"end": "01:33:05", "start": "01:33:02", "text": ">> Can I I want to tell a story about"}, {"end": "01:33:09", "start": "01:33:03", "text": "Algarand real quick because I used to"}, {"end": "01:33:12", "start": "01:33:05", "text": "know a guy who wrote crypto and"}, {"end": "01:33:13", "start": "01:33:09", "text": "when we had a conversation"}, {"end": "01:33:16", "start": "01:33:12", "text": "with the leadership of this"}, {"end": "01:33:18", "start": "01:33:13", "text": "organization."}, {"end": "01:33:22", "start": "01:33:16", "text": "I don't know how deep I can go into"}, {"end": "01:33:24", "start": "01:33:18", "text": "this. Let's just use a metaphor. So,"}, {"end": "01:33:27", "start": "01:33:22", "text": "let's say Drew wants to go to the Toyota"}, {"end": "01:33:30", "start": "01:33:24", "text": "dealership and let's say I want to buy a"}, {"end": "01:33:33", "start": "01:33:27", "text": "Toyota Supra. It looks cool. The"}, {"end": "01:33:35", "start": "01:33:30", "text": "engine's kind of questionable"}, {"end": "01:33:37", "start": "01:33:33", "text": "and, you know, I want to make sure that"}, {"end": "01:33:39", "start": "01:33:35", "text": "it's going to hold its value. So, I'm"}, {"end": "01:33:42", "start": "01:33:37", "text": "going to ask,"}, {"end": "01:33:43", "start": "01:33:39", "text": "how many miles does this car last on"}, {"end": "01:33:47", "start": "01:33:42", "text": "average? How much how many miles does"}, {"end": "01:33:49", "start": "01:33:43", "text": "the engine last? And the"}, {"end": "01:33:51", "start": "01:33:47", "text": "dealership guys, I'm not going to answer"}, {"end": "01:33:53", "start": "01:33:49", "text": "that question. We have no idea. That's"}, {"end": "01:33:57", "start": "01:33:51", "text": "that's an infinite number. There could"}, {"end": "01:33:59", "start": "01:33:53", "text": "be, you know, an infinite amount of uh"}, {"end": "01:34:02", "start": "01:33:57", "text": "supras made to replace this one that,"}, {"end": "01:34:04", "start": "01:33:59", "text": "you know, could very likely die quickly."}, {"end": "01:34:07", "start": "01:34:02", "text": "Algoran's"}, {"end": "01:34:10", "start": "01:34:04", "text": "circulating supply is also in the same"}, {"end": "01:34:11", "start": "01:34:07", "text": "frame of thought. Yeah, they say it's 10"}, {"end": "01:34:13", "start": "01:34:10", "text": "billion."}, {"end": "01:34:14", "start": "01:34:11", "text": "I don't know about that. I don't know"}, {"end": "01:34:16", "start": "01:34:13", "text": "about that. And I have my own reasons"}, {"end": "01:34:20", "start": "01:34:14", "text": "for questioning that. Here's the math."}, {"end": "01:34:23", "start": "01:34:16", "text": "questioning it is Algarand is at 11"}, {"end": "01:34:24", "start": "01:34:20", "text": "cents right now at a $1 billion market"}, {"end": "01:34:27", "start": "01:34:23", "text": "cap which is a good accomplishment for"}, {"end": "01:34:29", "start": "01:34:24", "text": "any altcoin to make. So 11 cents one"}, {"end": "01:34:32", "start": "01:34:27", "text": "billion $1 billion market cap remember"}, {"end": "01:34:38", "start": "01:34:29", "text": "that now when it actually had its glow"}, {"end": "01:34:41", "start": "01:34:32", "text": "up season it was right here at a oh god"}, {"end": "01:34:44", "start": "01:34:38", "text": "here's the real ugly part. October."}, {"end": "01:34:46", "start": "01:34:41", "text": "Okay, this is this is the where the the"}, {"end": "01:34:48", "start": "01:34:44", "text": "tokconomics matter so much and I wish"}, {"end": "01:34:50", "start": "01:34:46", "text": "that stupid thing would get out of the"}, {"end": "01:34:53", "start": "01:34:48", "text": "way. So even at this low level of 31"}, {"end": "01:34:56", "start": "01:34:50", "text": "cents a unit and this is December and"}, {"end": "01:35:00", "start": "01:34:53", "text": "November of 2020,"}, {"end": "01:35:03", "start": "01:34:56", "text": "the market cap was"}, {"end": "01:35:06", "start": "01:35:00", "text": "Oh god, [laughter]"}, {"end": "01:35:09", "start": "01:35:03", "text": "hold on. Let me get it. Let me get it."}, {"end": "01:35:13", "start": "01:35:06", "text": "The market cap was 168 million. Okay, so"}, {"end": "01:35:15", "start": "01:35:09", "text": "you had a three times more valuable"}, {"end": "01:35:18", "start": "01:35:13", "text": "token"}, {"end": "01:35:22", "start": "01:35:15", "text": "at basically"}, {"end": "01:35:24", "start": "01:35:18", "text": "16th of the market cap. So the inflation"}, {"end": "01:35:27", "start": "01:35:22", "text": "rate on this thing causes me to have no"}, {"end": "01:35:31", "start": "01:35:24", "text": "interest in it whatsoever. No interest"}, {"end": "01:35:33", "start": "01:35:27", "text": "in it whatsoever. I absolutely despise"}, {"end": "01:35:34", "start": "01:35:31", "text": "this token for a myriad of different"}, {"end": "01:35:38", "start": "01:35:33", "text": "reasons."}, {"end": "01:35:41", "start": "01:35:34", "text": "And if you see 30 cents, you'll be"}, {"end": "01:35:43", "start": "01:35:38", "text": "lucky. 30 cents is going to be an escape"}, {"end": "01:35:44", "start": "01:35:41", "text": "route for Algarand holders should it"}, {"end": "01:35:45", "start": "01:35:43", "text": "ever see that light of day."}, {"end": "01:35:48", "start": "01:35:44", "text": ">> Well, and speaking of an escape route,"}, {"end": "01:35:51", "start": "01:35:45", "text": "we do have to hop off and uh do some"}, {"end": "01:35:52", "start": "01:35:48", "text": "accumulating of our own. So, uh great"}, {"end": "01:35:54", "start": "01:35:51", "text": "show today. Had a really fun time with"}, {"end": "01:35:56", "start": "01:35:52", "text": "everybody. Uh we'll see you guys back"}, {"end": "01:35:58", "start": "01:35:54", "text": "here tomorrow. Got some good levels to"}, {"end": "01:35:59", "start": "01:35:56", "text": "watch, some good coins to accumulate."}, {"end": "01:36:00", "start": "01:35:58", "text": "You guys are in school. We'll see you in"}, {"end": "01:36:02", "start": "01:35:59", "text": "there. We'll be chatting with them about"}, {"end": "01:36:04", "start": "01:36:00", "text": "strategies on how to profit from this."}, {"end": "01:36:06", "start": "01:36:02", "text": "Ironically, our call yesterday was about"}, {"end": "01:36:08", "start": "01:36:04", "text": "profit taking. Interestingly enough, we"}, {"end": "01:36:10", "start": "01:36:06", "text": "had a call yesterday teaching everybody"}, {"end": "01:36:13", "start": "01:36:08", "text": "how to take profits and what to do when"}, {"end": "01:36:16", "start": "01:36:10", "text": "we're up. Um, you know, maybe we should"}, {"end": "01:36:17", "start": "01:36:13", "text": "do another one about what to do when the"}, {"end": "01:36:20", "start": "01:36:16", "text": "markets pull back. It might be an"}, {"end": "01:36:22", "start": "01:36:17", "text": "interesting call as well. But as always,"}, {"end": "01:36:24", "start": "01:36:20", "text": "we love all of you guys. Stay safe out"}, {"end": "01:36:26", "start": "01:36:22", "text": "there. Enjoy the great weather. Um,"}, {"end": "01:36:28", "start": "01:36:24", "text": "don't spend too much time obsessing with"}, {"end": "01:36:31", "start": "01:36:26", "text": "this. Have a plan. Take action on your"}, {"end": "01:36:34", "start": "01:36:28", "text": "plan. Stick to the plan. Don't let"}, {"end": "01:36:36", "start": "01:36:31", "text": "emotions take over. Uh emotions are for"}, {"end": "01:36:39", "start": "01:36:34", "text": "loving your friends and family. Uh they"}, {"end": "01:36:42", "start": "01:36:36", "text": "are not for your investing portfolio. So"}, {"end": "01:36:42", "start": "01:36:39", "text": "stay safe out there."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "You know what I really love? I love the"}, {"start": "00:00:01", "end": "00:00:06", "text": "inflation. You know why? Because as soon"}, {"start": "00:00:03", "end": "00:00:08", "text": "as [music] this war is over, you know, I"}, {"start": "00:00:06", "end": "00:00:11", "text": "can say it now. Something you didn't"}, {"start": "00:00:08", "end": "00:00:14", "text": "know. Do you know we've been taking out"}, {"start": "00:00:11", "end": "00:00:15", "text": "millions of barrels of oil? Nobody knows"}, {"start": "00:00:14", "end": "00:00:18", "text": "it. You know,"}, {"start": "00:00:15", "end": "00:00:20", "text": ">> if you own Bitcoin, send this to someone"}, {"start": "00:00:18", "end": "00:00:22", "text": "that you care about, but that doesn't"}, {"start": "00:00:20", "end": "00:00:24", "text": "own Bitcoin yet. Not because they need"}, {"start": "00:00:22", "end": "00:00:26", "text": "your next trade, not because they need"}, {"start": "00:00:24", "end": "00:00:28", "text": "the next signal, because doing [music]"}, {"start": "00:00:26", "end": "00:00:30", "text": "nothing with your money is still a"}, {"start": "00:00:28", "end": "00:00:32", "text": "financial decision. And for a lot of"}, {"start": "00:00:30", "end": "00:00:34", "text": "people, that is the one that they have"}, {"start": "00:00:32", "end": "00:00:36", "text": "never examined before. They earn"}, {"start": "00:00:34", "end": "00:00:38", "text": "dollars, save their dollars, and leave"}, {"start": "00:00:36", "end": "00:00:40", "text": "the long-term money in a system where"}, {"start": "00:00:38", "end": "00:00:43", "text": "the rules can change, supply can expand,"}, {"start": "00:00:40", "end": "00:00:45", "text": "and purchasing power can shrink. The"}, {"start": "00:00:43", "end": "00:00:47", "text": "question is not whether everybody needs"}, {"start": "00:00:45", "end": "00:00:50", "text": "to be a [music] Bitcoin maximalist. It's"}, {"start": "00:00:47", "end": "00:00:52", "text": "whether owning zero Bitcoin with no plan"}, {"start": "00:00:50", "end": "00:00:54", "text": "for scarce assets is a safe choice at"}, {"start": "00:00:52", "end": "00:00:57", "text": "this point. People assume that it is,"}, {"start": "00:00:54", "end": "00:00:59", "text": "and I don't think so. You can decide for"}, {"start": "00:00:57", "end": "00:01:01", "text": "yourself. Trump came out in a"}, {"start": "00:00:59", "end": "00:01:02", "text": "conversation with Time magazine that"}, {"start": "00:01:01", "end": "00:01:04", "text": "high interest rates on the Federal"}, {"start": "00:01:02", "end": "00:01:06", "text": "Reserve are hurting our country more"}, {"start": "00:01:04", "end": "00:01:09", "text": "than inflation. He also adds certain"}, {"start": "00:01:06", "end": "00:01:13", "text": "levels of inflation will also pay off"}, {"start": "00:01:09", "end": "00:01:16", "text": "debt at a very very rapid pace. He was"}, {"start": "00:01:13", "end": "00:01:18", "text": "discussing growth in an October first"}, {"start": "00:01:16", "end": "00:01:20", "text": "conversation. Interest rates and the"}, {"start": "00:01:18", "end": "00:01:23", "text": "debt not an announcement of an inflation"}, {"start": "00:01:20", "end": "00:01:25", "text": "program. It still puts the incentives on"}, {"start": "00:01:23", "end": "00:01:28", "text": "the table that inflation changes the"}, {"start": "00:01:25", "end": "00:01:29", "text": "real value of the debt to be owed. You"}, {"start": "00:01:28", "end": "00:01:31", "text": "have fixed amount of dollars and if"}, {"start": "00:01:29", "end": "00:01:34", "text": "those dollars buy less and become less"}, {"start": "00:01:31", "end": "00:01:37", "text": "valuable, the debt is easier to repay in"}, {"start": "00:01:34", "end": "00:01:39", "text": "real terms. The bill does not disappear."}, {"start": "00:01:37", "end": "00:01:41", "text": "Rather, rollover happens at a higher"}, {"start": "00:01:39", "end": "00:01:44", "text": "yield with a bigger deficit can make"}, {"start": "00:01:41", "end": "00:01:46", "text": "refinancing more expensive, not"}, {"start": "00:01:44", "end": "00:01:49", "text": "necessarily making it a free lunch. Now"}, {"start": "00:01:46", "end": "00:01:50", "text": "yesterday's fixed rate debt rates can"}, {"start": "00:01:49", "end": "00:01:52", "text": "get lighter in real terms while"}, {"start": "00:01:50", "end": "00:01:54", "text": "tomorrow's borrowing gets even harder."}, {"start": "00:01:52", "end": "00:01:56", "text": "And who feels the other side? The person"}, {"start": "00:01:54", "end": "00:01:59", "text": "holding the cash for the next decade."}, {"start": "00:01:56", "end": "00:02:01", "text": "The average person, the middle and lower"}, {"start": "00:01:59", "end": "00:02:03", "text": "class especially that don't own a vast"}, {"start": "00:02:01", "end": "00:02:06", "text": "amount of assets. Cash rules everything"}, {"start": "00:02:03", "end": "00:02:09", "text": "around us. Cream get the money. Dollar"}, {"start": "00:02:06", "end": "00:02:11", "text": "dollar bill, y'all. Emergency savings"}, {"start": "00:02:09", "end": "00:02:13", "text": "matter. Bills, the repair costs, family"}, {"start": "00:02:11", "end": "00:02:14", "text": "emergencies. Nobody is saying empty the"}, {"start": "00:02:13", "end": "00:02:18", "text": "savings account to borrow or buy"}, {"start": "00:02:14", "end": "00:02:20", "text": "Bitcoin. Cash for emergencies and cash"}, {"start": "00:02:18", "end": "00:02:22", "text": "in the entire long-term strategy are two"}, {"start": "00:02:20", "end": "00:02:24", "text": "very different things. But if you had"}, {"start": "00:02:22", "end": "00:02:27", "text": "$10,000 earning zero interest and"}, {"start": "00:02:24", "end": "00:02:30", "text": "inflation is averaging 5% for 10 years,"}, {"start": "00:02:27", "end": "00:02:33", "text": "that money can buy just about $6,100 in"}, {"start": "00:02:30", "end": "00:02:35", "text": "today's dollars. You still see 10K, but"}, {"start": "00:02:33", "end": "00:02:37", "text": "you cannot buy what 10K bought when you"}, {"start": "00:02:35", "end": "00:02:38", "text": "started. Not a forecast. This is"}, {"start": "00:02:37", "end": "00:02:41", "text": "compounding math. And the person that"}, {"start": "00:02:38", "end": "00:02:44", "text": "owns nothing except the cash has no"}, {"start": "00:02:41", "end": "00:02:46", "text": "participation in assets that rise in"}, {"start": "00:02:44", "end": "00:02:48", "text": "this current monetary environment."}, {"start": "00:02:46", "end": "00:02:49", "text": "People are being punished for doing what"}, {"start": "00:02:48", "end": "00:02:52", "text": "they were told and what they were"}, {"start": "00:02:49", "end": "00:02:55", "text": "taught. Avoid every asset if it is a"}, {"start": "00:02:52", "end": "00:02:58", "text": "risk. But I would argue that avoiding"}, {"start": "00:02:55", "end": "00:03:00", "text": "every asset out there in general is its"}, {"start": "00:02:58", "end": "00:03:03", "text": "own risk. And to really conceptualize"}, {"start": "00:03:00", "end": "00:03:05", "text": "this, you have to think of the letter K,"}, {"start": "00:03:03", "end": "00:03:07", "text": "one line up and one line down. Owners of"}, {"start": "00:03:05", "end": "00:03:10", "text": "businesses, real estate and equities,"}, {"start": "00:03:07", "end": "00:03:13", "text": "and scarce assets can participate when"}, {"start": "00:03:10", "end": "00:03:15", "text": "values rise. No ownership means wages"}, {"start": "00:03:13", "end": "00:03:18", "text": "and cash against higher prices. And the"}, {"start": "00:03:15", "end": "00:03:20", "text": "Federal Reserve's 2022 survey of"}, {"start": "00:03:18", "end": "00:03:23", "text": "consumer finances is a very interesting"}, {"start": "00:03:20", "end": "00:03:26", "text": "outlook. Including a direct and"}, {"start": "00:03:23", "end": "00:03:29", "text": "retirement holdings, 95% of families in"}, {"start": "00:03:26", "end": "00:03:32", "text": "the top 10% of usual income own stock"}, {"start": "00:03:29", "end": "00:03:34", "text": "against 34% in the bottom half. They do"}, {"start": "00:03:32", "end": "00:03:37", "text": "not participate equally when stocks"}, {"start": "00:03:34", "end": "00:03:39", "text": "rise. Same income, different exposure"}, {"start": "00:03:37", "end": "00:03:42", "text": "levels. One builds assets and one holds"}, {"start": "00:03:39", "end": "00:03:45", "text": "cash because investing feels risky. That"}, {"start": "00:03:42", "end": "00:03:48", "text": "is what is playing in to this letter K"}, {"start": "00:03:45", "end": "00:03:50", "text": "explanation. Bitcoin has a property that"}, {"start": "00:03:48", "end": "00:03:53", "text": "is hard to ignore when claims expand."}, {"start": "00:03:50", "end": "00:03:54", "text": "Issuance capped at 21 million tokens and"}, {"start": "00:03:53", "end": "00:03:56", "text": "you can own a fraction of this."}, {"start": "00:03:54", "end": "00:03:58", "text": "Self-custody is an option with"}, {"start": "00:03:56", "end": "00:04:00", "text": "responsibility and it can move across"}, {"start": "00:03:58", "end": "00:04:02", "text": "borders without banks or permission."}, {"start": "00:04:00", "end": "00:04:05", "text": "It's not a business. no dividend, no"}, {"start": "00:04:02", "end": "00:04:07", "text": "company cash flow and you have brutal"}, {"start": "00:04:05", "end": "00:04:09", "text": "drawdowns from bull market to bare"}, {"start": "00:04:07", "end": "00:04:12", "text": "market as everyone has experienced over"}, {"start": "00:04:09", "end": "00:04:14", "text": "the last few cycles and you also have"}, {"start": "00:04:12", "end": "00:04:17", "text": "the aspect that the fixed supply does"}, {"start": "00:04:14", "end": "00:04:19", "text": "not force the price to go higher. Demand"}, {"start": "00:04:17", "end": "00:04:22", "text": "still matters. So the answer is an"}, {"start": "00:04:19", "end": "00:04:24", "text": "allocation, a time horizon and a custody"}, {"start": "00:04:22", "end": "00:04:26", "text": "plan and not necessarily an impulse"}, {"start": "00:04:24", "end": "00:04:28", "text": "trade. No exposure because you've never"}, {"start": "00:04:26", "end": "00:04:30", "text": "learned the case is not automatically"}, {"start": "00:04:28", "end": "00:04:32", "text": "prudent. It can mean that you took one"}, {"start": "00:04:30", "end": "00:04:34", "text": "side of the risk without looking at the"}, {"start": "00:04:32", "end": "00:04:36", "text": "other. The incentives for Bitcoin are"}, {"start": "00:04:34", "end": "00:04:38", "text": "structural. Before this current"}, {"start": "00:04:36", "end": "00:04:40", "text": "administration and after it, governments"}, {"start": "00:04:38", "end": "00:04:42", "text": "are going to carry debt. Debt has to be"}, {"start": "00:04:40", "end": "00:04:45", "text": "financed, and voters dislike spending"}, {"start": "00:04:42", "end": "00:04:47", "text": "cuts, tax rates, and high interest"}, {"start": "00:04:45", "end": "00:04:49", "text": "costs. But the central bank sits between"}, {"start": "00:04:47", "end": "00:04:51", "text": "the price stability, employment, and"}, {"start": "00:04:49", "end": "00:04:53", "text": "financial stress. Simon Dixon argues"}, {"start": "00:04:51", "end": "00:04:55", "text": "that these pressures can deepen a"}, {"start": "00:04:53", "end": "00:04:57", "text": "K-shaped economy. owners of the right"}, {"start": "00:04:55", "end": "00:04:59", "text": "assets get wealthier and that people"}, {"start": "00:04:57", "end": "00:05:02", "text": "without ownership get pushed into debt"}, {"start": "00:04:59", "end": "00:05:04", "text": "while trying to hold on to a standard of"}, {"start": "00:05:02", "end": "00:05:07", "text": "living that they're used to. This thesis"}, {"start": "00:05:04", "end": "00:05:09", "text": "not's policy. The question is still"}, {"start": "00:05:07", "end": "00:05:11", "text": "worth asking yourself and what happens"}, {"start": "00:05:09", "end": "00:05:14", "text": "to a family whose whole financial life"}, {"start": "00:05:11", "end": "00:05:16", "text": "is one currency, one paycheck with no"}, {"start": "00:05:14", "end": "00:05:17", "text": "ownership. Now, I'm not asking you to"}, {"start": "00:05:16", "end": "00:05:19", "text": "send this to anyone you know with a"}, {"start": "00:05:17", "end": "00:05:21", "text": "lecture attached to it. Send this so"}, {"start": "00:05:19", "end": "00:05:24", "text": "that they ask the better question. What"}, {"start": "00:05:21", "end": "00:05:26", "text": "do I own? Why do I own it? And what if"}, {"start": "00:05:24", "end": "00:05:29", "text": "prices keep rising? How much cash do I"}, {"start": "00:05:26", "end": "00:05:31", "text": "need? What risks am I choosing? And"}, {"start": "00:05:29", "end": "00:05:34", "text": "which ones am I taking by default?"}, {"start": "00:05:31", "end": "00:05:36", "text": "Better than buy Bitcoin today. Bitcoin"}, {"start": "00:05:34", "end": "00:05:39", "text": "is a way to own monetary scarcity"}, {"start": "00:05:36", "end": "00:05:41", "text": "instead of relying entirely on an"}, {"start": "00:05:39", "end": "00:05:44", "text": "expanding dollar system. The price risk"}, {"start": "00:05:41", "end": "00:05:46", "text": "is visible every day and never building"}, {"start": "00:05:44", "end": "00:05:48", "text": "ownership is easier to ignore because of"}, {"start": "00:05:46", "end": "00:05:50", "text": "those violent price swings. Absolutely."}, {"start": "00:05:48", "end": "00:05:52", "text": "Those kind of pressures are easy to"}, {"start": "00:05:50", "end": "00:05:54", "text": "ignore until the life that you're saving"}, {"start": "00:05:52", "end": "00:05:55", "text": "for costs more than the savings that"}, {"start": "00:05:54", "end": "00:05:58", "text": "you've reached. You build a conviction"}, {"start": "00:05:55", "end": "00:06:01", "text": "into a plan. Discover Crypto School has"}, {"start": "00:05:58", "end": "00:06:03", "text": "a sevenstep investor operating system,"}, {"start": "00:06:01", "end": "00:06:05", "text": "the investor assessment, an investor"}, {"start": "00:06:03", "end": "00:06:07", "text": "workbook, your process, and your"}, {"start": "00:06:05", "end": "00:06:09", "text": "portfolio rules and decision checklist"}, {"start": "00:06:07", "end": "00:06:11", "text": "all included with it. The link is down"}, {"start": "00:06:09", "end": "00:06:13", "text": "below. And if someone you care about"}, {"start": "00:06:11", "end": "00:06:16", "text": "owns no Bitcoin and has never thought"}, {"start": "00:06:13", "end": "00:06:18", "text": "this through, send this to them so they"}, {"start": "00:06:16", "end": "00:06:19", "text": "can start thinking critically about the"}, {"start": "00:06:18", "end": "00:06:21", "text": "money that they hold, what they're"}, {"start": "00:06:19", "end": "00:06:23", "text": "invested into, what kind of assets"}, {"start": "00:06:21", "end": "00:06:26", "text": "they're positioned into. Do not pressure"}, {"start": "00:06:23", "end": "00:06:29", "text": "them. You start the conversation. Is"}, {"start": "00:06:26", "end": "00:06:32", "text": "zero Bitcoin a safe choice really, or"}, {"start": "00:06:29", "end": "00:06:34", "text": "the risk nobody examined? Drop your"}, {"start": "00:06:32", "end": "00:06:35", "text": "comments and what you think down below"}, {"start": "00:06:34", "end": "00:06:39", "text": "in [music] the comments, and I'll see"}, {"start": "00:06:35", "end": "00:06:39", "text": "you on the next one."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Go up [singing] now. Where you going?"}, {"start": "00:00:02", "end": "00:00:08", "text": "Burns"}, {"start": "00:00:03", "end": "00:00:08", "text": "get burned. Still no less [music]"}, {"start": "00:00:09", "end": "00:00:14", "text": "turn. Bitcoin rise. Beers get burned."}, {"start": "00:00:14", "end": "00:00:19", "text": "Bitcoin no rise. Price go down this"}, {"start": "00:00:17", "end": "00:00:22", "text": "morning. Bitcoin is feeling like it's"}, {"start": "00:00:19", "end": "00:00:25", "text": "falling off of a cliff. We had some"}, {"start": "00:00:22", "end": "00:00:26", "text": "disturbance in the crypto force late"}, {"start": "00:00:25", "end": "00:00:28", "text": "last night. I'm going to tell you"}, {"start": "00:00:26", "end": "00:00:30", "text": "exactly what just happened last night,"}, {"start": "00:00:28", "end": "00:00:33", "text": "but a lot has transpired and a huge"}, {"start": "00:00:30", "end": "00:00:35", "text": "congratulations to everyone that waited"}, {"start": "00:00:33", "end": "00:00:38", "text": "to buy the generational bottom for"}, {"start": "00:00:35", "end": "00:00:40", "text": "Bitcoin today instead of FOMOing in post"}, {"start": "00:00:38", "end": "00:00:43", "text": "from CryptoZombie, friend of the"}, {"start": "00:00:40", "end": "00:00:44", "text": "channel. Uh, absolute savage. And you"}, {"start": "00:00:43", "end": "00:00:46", "text": "know what? It's a wonderful day. I'm"}, {"start": "00:00:44", "end": "00:00:50", "text": "going to be doing a lot of live crypto"}, {"start": "00:00:46", "end": "00:00:54", "text": "shopping today. And I forgot my coffee"}, {"start": "00:00:50", "end": "00:00:55", "text": "on my grill as I was getting the"}, {"start": "00:00:54", "end": "00:00:56", "text": "children ready for school. So, I'm just"}, {"start": "00:00:55", "end": "00:00:58", "text": "going to scoop a little bit of"}, {"start": "00:00:56", "end": "00:01:00", "text": "pre-workout into the cup here real"}, {"start": "00:00:58", "end": "00:01:01", "text": "quick. Not a big"}, {"start": "00:01:00", "end": "00:01:03", "text": ">> Is that Is that what that is?"}, {"start": "00:01:01", "end": "00:01:04", "text": ">> Yeah, a little bit. How you doing,"}, {"start": "00:01:03", "end": "00:01:08", "text": "Kelly? How you doing?"}, {"start": "00:01:04", "end": "00:01:11", "text": ">> I was just blasting some creatine."}, {"start": "00:01:08", "end": "00:01:12", "text": ">> I'm doing good, man. You know, uh some"}, {"start": "00:01:11", "end": "00:01:14", "text": "people are out there in a tizzy right"}, {"start": "00:01:12", "end": "00:01:16", "text": "now because their burststones in the"}, {"start": "00:01:14", "end": "00:01:17", "text": "astrological charts are just not singing"}, {"start": "00:01:16", "end": "00:01:19", "text": "the what what they thought was going to"}, {"start": "00:01:17", "end": "00:01:21", "text": "happen. And we don't know what's going"}, {"start": "00:01:19", "end": "00:01:23", "text": "on cuz the musical notes are s I'm not"}, {"start": "00:01:21", "end": "00:01:25", "text": "going to get into it. Uh but there are"}, {"start": "00:01:23", "end": "00:01:28", "text": "still things that are great in the"}, {"start": "00:01:25", "end": "00:01:30", "text": "market. Uh couple major support points"}, {"start": "00:01:28", "end": "00:01:32", "text": "which were nowhere near. In fact, I"}, {"start": "00:01:30", "end": "00:01:34", "text": "actually you showed that chart breaking"}, {"start": "00:01:32", "end": "00:01:37", "text": "down. I actually want to just really"}, {"start": "00:01:34", "end": "00:01:39", "text": "highlight something here everybody."}, {"start": "00:01:37", "end": "00:01:41", "text": "Let's let's pull this up. This is this"}, {"start": "00:01:39", "end": "00:01:43", "text": "is not the chart I wanted to show. Uh"}, {"start": "00:01:41", "end": "00:01:45", "text": "this is a chart right here. This right"}, {"start": "00:01:43", "end": "00:01:48", "text": "here. This is what Bitcoin's doing right"}, {"start": "00:01:45", "end": "00:01:49", "text": "now. Right. Well, here's the same chart."}, {"start": "00:01:48", "end": "00:01:52", "text": "This is the one day chart. The same"}, {"start": "00:01:49", "end": "00:01:54", "text": "chart on the threemonth. Does it look"}, {"start": "00:01:52", "end": "00:01:57", "text": "like a crash? Does it feel like a crash?"}, {"start": "00:01:54", "end": "00:01:59", "text": "No. This is a general a general"}, {"start": "00:01:57", "end": "00:02:01", "text": "pullback. And so again, if we want to"}, {"start": "00:01:59", "end": "00:02:04", "text": "just zoom out on those and look side by"}, {"start": "00:02:01", "end": "00:02:06", "text": "side, you notice this is the same chart."}, {"start": "00:02:04", "end": "00:02:07", "text": "Look at the look at the price amount."}, {"start": "00:02:06", "end": "00:02:09", "text": "This is the same chart on two different"}, {"start": "00:02:07", "end": "00:02:12", "text": "time frames. This is why you got to zoom"}, {"start": "00:02:09", "end": "00:02:14", "text": "out. And remember, even though I'm"}, {"start": "00:02:12", "end": "00:02:15", "text": "saying that this really isn't a crash,"}, {"start": "00:02:14", "end": "00:02:17", "text": "I'm not saying we can't pull back a"}, {"start": "00:02:15", "end": "00:02:18", "text": "little bit. And I've talked about this"}, {"start": "00:02:17", "end": "00:02:20", "text": "quite a bit. We're going to get into a"}, {"start": "00:02:18", "end": "00:02:22", "text": "lot more of these charts in a bit, but"}, {"start": "00:02:20", "end": "00:02:25", "text": "I've talked about this 71 to $73,000"}, {"start": "00:02:22", "end": "00:02:27", "text": "zone. This would be what would be really"}, {"start": "00:02:25", "end": "00:02:29", "text": "scary to people, but I would be jumping"}, {"start": "00:02:27", "end": "00:02:32", "text": "over a candlestick trying to find more"}, {"start": "00:02:29", "end": "00:02:35", "text": "capital to buy at these levels if we got"}, {"start": "00:02:32", "end": "00:02:36", "text": "that pullback. But I'm feeling good. Uh"}, {"start": "00:02:35", "end": "00:02:38", "text": "I'm I'm actually heading out to Maui"}, {"start": "00:02:36", "end": "00:02:41", "text": "tomorrow for my grandfather's funeral."}, {"start": "00:02:38", "end": "00:02:42", "text": ">> Um they're doing a flyover for him and"}, {"start": "00:02:41", "end": "00:02:44", "text": "everything because he's he's one of the"}, {"start": "00:02:42", "end": "00:02:48", "text": "last of the the greatest generation."}, {"start": "00:02:44", "end": "00:02:50", "text": "Okay, that sounds like a very very uh"}, {"start": "00:02:48", "end": "00:02:51", "text": "important thing to do, Kelly. Good on"}, {"start": "00:02:50", "end": "00:02:53", "text": "you for doing that. And you know, I'm"}, {"start": "00:02:51", "end": "00:02:56", "text": "feeling good about what's going on today"}, {"start": "00:02:53", "end": "00:02:58", "text": "in the markets because I literally put"}, {"start": "00:02:56", "end": "00:03:01", "text": "the game plan for what's happening today"}, {"start": "00:02:58", "end": "00:03:03", "text": "in school late last night. And you know"}, {"start": "00:03:01", "end": "00:03:05", "text": "what? It played out to a te. We had a"}, {"start": "00:03:03", "end": "00:03:07", "text": "red dot on the daily for Bitcoin."}, {"start": "00:03:05", "end": "00:03:10", "text": "Altcoin RSI was seeing a bit of"}, {"start": "00:03:07", "end": "00:03:11", "text": "regression here. So, this is basically"}, {"start": "00:03:10", "end": "00:03:14", "text": "the bumpand run plan. And I noticed that"}, {"start": "00:03:11", "end": "00:03:16", "text": "we had broken the trend line on Bitcoin"}, {"start": "00:03:14", "end": "00:03:19", "text": "that it's been riding up. Ran into that"}, {"start": "00:03:16", "end": "00:03:22", "text": "resistance point at 87K three times in a"}, {"start": "00:03:19", "end": "00:03:24", "text": "row and now had printed the red dot on"}, {"start": "00:03:22", "end": "00:03:27", "text": "the momentum wave signaling we were at"}, {"start": "00:03:24", "end": "00:03:30", "text": "least going to go test this $83,900"}, {"start": "00:03:27", "end": "00:03:32", "text": "level. And by God did we do it. The"}, {"start": "00:03:30", "end": "00:03:34", "text": "other part about this is the altcoin"}, {"start": "00:03:32", "end": "00:03:36", "text": "sector. How much pain and how much of a"}, {"start": "00:03:34", "end": "00:03:38", "text": "bump and run can I be looking for in"}, {"start": "00:03:36", "end": "00:03:40", "text": "this altcoin sector? because I, as I"}, {"start": "00:03:38", "end": "00:03:43", "text": "said earlier, am going to be live"}, {"start": "00:03:40", "end": "00:03:46", "text": "shopping for Magic Internet Money today."}, {"start": "00:03:43", "end": "00:03:48", "text": "So, what caused the crash? Why did"}, {"start": "00:03:46", "end": "00:03:50", "text": "Bitcoin dump? We're going to take a look"}, {"start": "00:03:48", "end": "00:03:53", "text": "at that. We had liquidations, jumped to"}, {"start": "00:03:50", "end": "00:03:55", "text": "about a half a billion dollars as oil"}, {"start": "00:03:53", "end": "00:03:58", "text": "rallied, hits the crypto market. Bitcoin"}, {"start": "00:03:55", "end": "00:04:02", "text": "fell below that $84,000 mark. Actually"}, {"start": "00:03:58", "end": "00:04:05", "text": "fell into the 829 realm. Optimism down"}, {"start": "00:04:02", "end": "00:04:07", "text": "10%. Mantle down 9%. Arbitum down 7%."}, {"start": "00:04:05", "end": "00:04:10", "text": "Arbitum. I want I want to actually map"}, {"start": "00:04:07", "end": "00:04:12", "text": "out that arbitum chart today. Seeing"}, {"start": "00:04:10", "end": "00:04:14", "text": "this tasty dip take place. Liquidations"}, {"start": "00:04:12", "end": "00:04:17", "text": "have been absolutely fierce this"}, {"start": "00:04:14", "end": "00:04:19", "text": "morning. We watched the wash out at"}, {"start": "00:04:17", "end": "00:04:21", "text": "$83,100"}, {"start": "00:04:19", "end": "00:04:23", "text": "very cleanly. Let's do a quick refresh"}, {"start": "00:04:21", "end": "00:04:25", "text": "just for everyone in the trades here."}, {"start": "00:04:23", "end": "00:04:28", "text": "So, a lot of wash out to the downside"}, {"start": "00:04:25", "end": "00:04:30", "text": "has now occurred. And in general, let's"}, {"start": "00:04:28", "end": "00:04:31", "text": "kind of hang on the Bitcoin chart"}, {"start": "00:04:30", "end": "00:04:34", "text": "because I got other driving factors for"}, {"start": "00:04:31", "end": "00:04:36", "text": "what caused this draw down, which you"}, {"start": "00:04:34", "end": "00:04:38", "text": "know, from local high to low, it's about"}, {"start": "00:04:36", "end": "00:04:40", "text": "a 3% draw down. Feels like the end of"}, {"start": "00:04:38", "end": "00:04:42", "text": "the world, but really we're just at the"}, {"start": "00:04:40", "end": "00:04:43", "text": "bottom end of this trading range that"}, {"start": "00:04:42", "end": "00:04:46", "text": "we've been in for quite some time in"}, {"start": "00:04:43", "end": "00:04:48", "text": "this bump and run type situation that"}, {"start": "00:04:46", "end": "00:04:49", "text": "I've been hoping for, talking about for"}, {"start": "00:04:48", "end": "00:04:51", "text": "quite some time, even over the course of"}, {"start": "00:04:49", "end": "00:04:53", "text": "the last few weeks, while we're feeling"}, {"start": "00:04:51", "end": "00:04:54", "text": "bullish in my mind's eye. And I want to"}, {"start": "00:04:53", "end": "00:04:56", "text": "get your opinion on this too, Kelly,"}, {"start": "00:04:54", "end": "00:04:58", "text": "because I like us uh looking at this"}, {"start": "00:04:56", "end": "00:05:00", "text": "chart from two different perspectives"}, {"start": "00:04:58", "end": "00:05:02", "text": "and two different sets of uh"}, {"start": "00:05:00", "end": "00:05:05", "text": "information. But I was hoping and and"}, {"start": "00:05:02", "end": "00:05:07", "text": "and seeing if we can get a wash out down"}, {"start": "00:05:05", "end": "00:05:10", "text": "to 775"}, {"start": "00:05:07", "end": "00:05:12", "text": "on Bitcoin's price to go tap this volume"}, {"start": "00:05:10", "end": "00:05:14", "text": "node that's right below us and basically"}, {"start": "00:05:12", "end": "00:05:17", "text": "just set up a structure of a staircase"}, {"start": "00:05:14", "end": "00:05:19", "text": "to heaven walking towards this next bull"}, {"start": "00:05:17", "end": "00:05:21", "text": "market. What is your take and what kind"}, {"start": "00:05:19", "end": "00:05:22", "text": "of things are you seeing on the Bitcoin"}, {"start": "00:05:21", "end": "00:05:24", "text": "chart right now, man?"}, {"start": "00:05:22", "end": "00:05:28", "text": ">> Well, I'm looking at this because I"}, {"start": "00:05:24", "end": "00:05:29", "text": "think 77 is a very realistic number. 77"}, {"start": "00:05:28", "end": "00:05:32", "text": "is right where this little green line"}, {"start": "00:05:29", "end": "00:05:34", "text": "is. And what is this? This is from the"}, {"start": "00:05:32", "end": "00:05:36", "text": "low to the to this recent high. This"}, {"start": "00:05:34", "end": "00:05:39", "text": "would be the 382 fib, which also happens"}, {"start": "00:05:36", "end": "00:05:41", "text": "to coincide with where all of this price"}, {"start": "00:05:39", "end": "00:05:43", "text": "action was before. In addition to that,"}, {"start": "00:05:41", "end": "00:05:45", "text": "you see this this peak and this peak,"}, {"start": "00:05:43", "end": "00:05:47", "text": "these two peaks right here. Well, let's"}, {"start": "00:05:45", "end": "00:05:48", "text": "just draw a marker. If you if you're not"}, {"start": "00:05:47", "end": "00:05:50", "text": "good at doing this, draw a vertical"}, {"start": "00:05:48", "end": "00:05:52", "text": "line. And let's draw another vertical"}, {"start": "00:05:50", "end": "00:05:53", "text": "line. And now let's look down below."}, {"start": "00:05:52", "end": "00:05:55", "text": "Let's look at the RSI. We had a bit of"}, {"start": "00:05:53", "end": "00:05:57", "text": "bearish divergence. Even though these"}, {"start": "00:05:55", "end": "00:05:59", "text": "are about the same height, this is a"}, {"start": "00:05:57", "end": "00:06:01", "text": "little lower. What we're really seeing"}, {"start": "00:05:59", "end": "00:06:04", "text": "is much I mean quite a bit, you know,"}, {"start": "00:06:01", "end": "00:06:06", "text": "81,000 up to 87,000."}, {"start": "00:06:04", "end": "00:06:08", "text": "That's quite a bit higher there. And the"}, {"start": "00:06:06", "end": "00:06:10", "text": "RSI did not follow. So there is weakness"}, {"start": "00:06:08", "end": "00:06:13", "text": "that came into this. And it makes sense."}, {"start": "00:06:10", "end": "00:06:16", "text": "It actually calls for either sideways"}, {"start": "00:06:13", "end": "00:06:17", "text": "cooling, meaning not every correction is"}, {"start": "00:06:16", "end": "00:06:19", "text": "a a drop in price. Sometimes a"}, {"start": "00:06:17", "end": "00:06:21", "text": "correction is time based where it just"}, {"start": "00:06:19", "end": "00:06:23", "text": "bores the living hell out of you and"}, {"start": "00:06:21", "end": "00:06:24", "text": "people make stupid decisions over and"}, {"start": "00:06:23", "end": "00:06:26", "text": "over again on every every move that it"}, {"start": "00:06:24", "end": "00:06:29", "text": "makes. In this case, we're getting a"}, {"start": "00:06:26", "end": "00:06:31", "text": "little bit of a kind of double top in"}, {"start": "00:06:29", "end": "00:06:34", "text": "formation here. Uh we have the bearish"}, {"start": "00:06:31", "end": "00:06:35", "text": "divergence. We've got uh the the the"}, {"start": "00:06:34", "end": "00:06:38", "text": "MACD is starting to roll over a little"}, {"start": "00:06:35", "end": "00:06:40", "text": "bit. And more significantly, we got a"}, {"start": "00:06:38", "end": "00:06:42", "text": "pretty substantial bear div on the money"}, {"start": "00:06:40", "end": "00:06:46", "text": "flow, meaning a lot less money is coming"}, {"start": "00:06:42", "end": "00:06:49", "text": "in here to support that area. And so it"}, {"start": "00:06:46", "end": "00:06:50", "text": "it's kind of telling us that this this"}, {"start": "00:06:49", "end": "00:06:52", "text": "non-crash, as we're calling it, is"}, {"start": "00:06:50", "end": "00:06:55", "text": "setting up for potentially a little bit"}, {"start": "00:06:52", "end": "00:06:58", "text": "larger of a pullback somewhere, I would"}, {"start": "00:06:55", "end": "00:06:59", "text": "say, below 80. Whether it's down to 77"}, {"start": "00:06:58", "end": "00:07:01", "text": "or even the thing that's going to"}, {"start": "00:06:59", "end": "00:07:04", "text": "really, oh my god, it's over coming down"}, {"start": "00:07:01", "end": "00:07:06", "text": "to this 72 golden pocket from this"}, {"start": "00:07:04", "end": "00:07:08", "text": "entire move that we have. This would be"}, {"start": "00:07:06", "end": "00:07:11", "text": "a normal pullback. And this is again"}, {"start": "00:07:08", "end": "00:07:14", "text": "resupported by all I mean let's zoom in"}, {"start": "00:07:11", "end": "00:07:16", "text": "on this. I'll zoom in a lot smaller."}, {"start": "00:07:14", "end": "00:07:17", "text": "This is basically the 200 uh 200 day"}, {"start": "00:07:16", "end": "00:07:19", "text": "moving average, the 21week moving"}, {"start": "00:07:17", "end": "00:07:21", "text": "average and the short-term holder cost"}, {"start": "00:07:19", "end": "00:07:25", "text": "basis. Basically gives you a sort of"}, {"start": "00:07:21", "end": "00:07:27", "text": "support cloud here from about 70 70,700"}, {"start": "00:07:25", "end": "00:07:30", "text": "up to about $74,000."}, {"start": "00:07:27", "end": "00:07:32", "text": "So that would represent uh basically"}, {"start": "00:07:30", "end": "00:07:35", "text": "coming down into right where this golden"}, {"start": "00:07:32", "end": "00:07:37", "text": "pocket is and it would be perfectly"}, {"start": "00:07:35", "end": "00:07:40", "text": "within everything that's normal at a"}, {"start": "00:07:37", "end": "00:07:42", "text": "bullish pullback before the next move to"}, {"start": "00:07:40", "end": "00:07:45", "text": "the upside. So whether it comes down to"}, {"start": "00:07:42", "end": "00:07:48", "text": "77 and we get the bulls to come back in"}, {"start": "00:07:45", "end": "00:07:50", "text": "uh there and defend or down to 72, I'm"}, {"start": "00:07:48", "end": "00:07:52", "text": "I'm a buyer at both uh both points. But"}, {"start": "00:07:50", "end": "00:07:54", "text": "somehow it seems like we're I don't know"}, {"start": "00:07:52", "end": "00:07:55", "text": "if it's constructed, Drew. I don't know"}, {"start": "00:07:54", "end": "00:07:58", "text": "if it's just a bunch of backroom"}, {"start": "00:07:55", "end": "00:08:01", "text": "dealings trying to release a report on"}, {"start": "00:07:58", "end": "00:08:01", "text": "uh the pneumonic plague. Uh you know"}, {"start": "00:08:01", "end": "00:08:04", "text": "what I mean?"}, {"start": "00:08:01", "end": "00:08:05", "text": ">> Pneumonic plaque or numeric plaque. We"}, {"start": "00:08:04", "end": "00:08:08", "text": "got to call it cuz the front end of the"}, {"start": "00:08:05", "end": "00:08:10", "text": "show got cut off yesterday when I was"}, {"start": "00:08:08", "end": "00:08:11", "text": "talking about that. The whole front end"}, {"start": "00:08:10", "end": "00:08:13", "text": "of the show got cut off yesterday. So,"}, {"start": "00:08:11", "end": "00:08:15", "text": "and I didn't do it. I think YouTube"}, {"start": "00:08:13", "end": "00:08:18", "text": "actually might have done it themselves."}, {"start": "00:08:15", "end": "00:08:20", "text": "Um now,"}, {"start": "00:08:18", "end": "00:08:22", "text": ">> and this is all within three days. This"}, {"start": "00:08:20", "end": "00:08:24", "text": "is all within three days of October"}, {"start": "00:08:22", "end": "00:08:25", "text": "10th, the anniversary of breaking"}, {"start": "00:08:24", "end": "00:08:27", "text": "everybody's hearts."}, {"start": "00:08:25", "end": "00:08:28", "text": ">> Absolutely. And you know, there was"}, {"start": "00:08:27", "end": "00:08:30", "text": "something that happened at the exact"}, {"start": "00:08:28", "end": "00:08:33", "text": "same time that the crash began. And"}, {"start": "00:08:30", "end": "00:08:35", "text": "there was a huge amount of US government"}, {"start": "00:08:33", "end": "00:08:38", "text": "Bitcoin. I got to verify this B&B"}, {"start": "00:08:35", "end": "00:08:40", "text": "because I'm seeing conflicting reports"}, {"start": "00:08:38", "end": "00:08:42", "text": "on the B&B tokens being moved, but there"}, {"start": "00:08:40", "end": "00:08:45", "text": "was a large amount of Bitcoin being"}, {"start": "00:08:42", "end": "00:08:46", "text": "shuffled into Coinbase Prime. Now, for"}, {"start": "00:08:45", "end": "00:08:48", "text": "everyone that's looking at this news"}, {"start": "00:08:46", "end": "00:08:50", "text": "that's kind of scared, let me kind of"}, {"start": "00:08:48", "end": "00:08:53", "text": "clarify some things. The Department of"}, {"start": "00:08:50", "end": "00:08:56", "text": "Justice houses the government seized"}, {"start": "00:08:53", "end": "00:08:58", "text": "crypto in Coinbase Prime. So, this very"}, {"start": "00:08:56", "end": "00:09:00", "text": "well could be fresh seizures that are"}, {"start": "00:08:58", "end": "00:09:02", "text": "moving into Coinbase Prime. This, you"}, {"start": "00:09:00", "end": "00:09:04", "text": "know, could be just a reorganization of"}, {"start": "00:09:02", "end": "00:09:05", "text": "their wallets, but largely I'm not too"}, {"start": "00:09:04", "end": "00:09:07", "text": "concerned."}, {"start": "00:09:05", "end": "00:09:08", "text": ">> Didn't they just talk about a bill? I"}, {"start": "00:09:07", "end": "00:09:10", "text": "don't think they've passed it yet, but"}, {"start": "00:09:08", "end": "00:09:12", "text": "didn't they just discuss"}, {"start": "00:09:10", "end": "00:09:14", "text": "uh a bill proposal that was going to be"}, {"start": "00:09:12", "end": "00:09:16", "text": "that you couldn't sell any Bitcoin the"}, {"start": "00:09:14", "end": "00:09:17", "text": "government held for 20 years?"}, {"start": "00:09:16", "end": "00:09:19", "text": ">> What happened?"}, {"start": "00:09:17", "end": "00:09:21", "text": ">> There's a proposal bill. Yeah. I mean, I"}, {"start": "00:09:19", "end": "00:09:24", "text": "think the Bitcoin Reserve Act has that"}, {"start": "00:09:21", "end": "00:09:27", "text": "type of framework language in it. Um,"}, {"start": "00:09:24", "end": "00:09:29", "text": "and for now, it's Department of Justice"}, {"start": "00:09:27", "end": "00:09:33", "text": "crypto, seized crypto that's held in"}, {"start": "00:09:29", "end": "00:09:35", "text": "Coinbase Prime, right? So, this I have"}, {"start": "00:09:33", "end": "00:09:37", "text": "seen it's been a while since I've seen"}, {"start": "00:09:35", "end": "00:09:42", "text": "the amount of coin glass notifications"}, {"start": "00:09:37", "end": "00:09:43", "text": "of 2500 Bitcoin being sent or 89,000"}, {"start": "00:09:42", "end": "00:09:45", "text": "Ethereum being sent from one spot to the"}, {"start": "00:09:43", "end": "00:09:48", "text": "next. But, I will say whales and huge"}, {"start": "00:09:45", "end": "00:09:50", "text": "bags are very much so on the move right"}, {"start": "00:09:48", "end": "00:09:52", "text": "now. Very much so on the move. It's got"}, {"start": "00:09:50", "end": "00:09:54", "text": "me feeling like shopping, you know, cuz"}, {"start": "00:09:52", "end": "00:09:56", "text": "I got my list of favorite alts I've been"}, {"start": "00:09:54", "end": "00:09:57", "text": "yapping about for a while, but the coin"}, {"start": "00:09:56", "end": "00:10:00", "text": "market cap is looking like a sea of red"}, {"start": "00:09:57", "end": "00:10:03", "text": "right now. We got market cap in total"}, {"start": "00:10:00", "end": "00:10:06", "text": "holding at around $2.8 trillion for"}, {"start": "00:10:03", "end": "00:10:10", "text": "crypto. Now, Bitcoin obviously having"}, {"start": "00:10:06", "end": "00:10:13", "text": "its own headwinds down $3.7% on the day."}, {"start": "00:10:10", "end": "00:10:17", "text": "Ethereum down 5.6% back down to that"}, {"start": "00:10:13", "end": "00:10:19", "text": "$2,500 zone. XRP$140"}, {"start": "00:10:17", "end": "00:10:22", "text": "not too much of a haircut, only down by"}, {"start": "00:10:19", "end": "00:10:24", "text": "like 5%. It might feel like crazy. The"}, {"start": "00:10:22", "end": "00:10:27", "text": "one thing that I am noticing on XRP is"}, {"start": "00:10:24", "end": "00:10:29", "text": "it's only up by 2.5% on the month. So"}, {"start": "00:10:27", "end": "00:10:31", "text": "that is something worth noting here."}, {"start": "00:10:29", "end": "00:10:34", "text": "Salana, one of the bigger gainers in the"}, {"start": "00:10:31", "end": "00:10:37", "text": "top 10, is up 11% in the last 30 days."}, {"start": "00:10:34", "end": "00:10:41", "text": "And Zcash, number seven in crypto tokens"}, {"start": "00:10:37", "end": "00:10:44", "text": "in terms of its size, is up by 12.6% on"}, {"start": "00:10:41", "end": "00:10:47", "text": "the month. So"}, {"start": "00:10:44", "end": "00:10:48", "text": ">> Radium's up 15%."}, {"start": "00:10:47", "end": "00:10:51", "text": ">> Yes, absolutely. I mean, there are some"}, {"start": "00:10:48", "end": "00:10:53", "text": "that are pumping. Um, radium is"}, {"start": "00:10:51", "end": "00:10:56", "text": "basically along with just I'm not"}, {"start": "00:10:53", "end": "00:10:59", "text": "touching just radium seems to be"}, {"start": "00:10:56", "end": "00:11:02", "text": "absorbing a lot of the uh activity in"}, {"start": "00:10:59", "end": "00:11:05", "text": "the salana defy sector lately because"}, {"start": "00:11:02", "end": "00:11:07", "text": "I've seen a big drawback in marinade. I"}, {"start": "00:11:05", "end": "00:11:10", "text": "I've seen a couple of the other staking"}, {"start": "00:11:07", "end": "00:11:12", "text": "mechanisms uh you know portions of"}, {"start": "00:11:10", "end": "00:11:14", "text": "Salana's ecosystem that provide yield"}, {"start": "00:11:12", "end": "00:11:18", "text": "kind of fallen to the wayside and radium"}, {"start": "00:11:14", "end": "00:11:22", "text": "seems to be absorbing all of that uh"}, {"start": "00:11:18", "end": "00:11:23", "text": "kind of migration. So this is a pretty"}, {"start": "00:11:22", "end": "00:11:25", "text": "good pinpointed chart to pay attention"}, {"start": "00:11:23", "end": "00:11:28", "text": "to if you're a fan of DeFi, if you're a"}, {"start": "00:11:25", "end": "00:11:30", "text": "fan of Salana. Radium seems to be uh"}, {"start": "00:11:28", "end": "00:11:32", "text": "dancing very very loudly in the center"}, {"start": "00:11:30", "end": "00:11:34", "text": "of the room when that come when that"}, {"start": "00:11:32", "end": "00:11:37", "text": "conversation happens. And there is"}, {"start": "00:11:34", "end": "00:11:39", "text": "something additional to just the"}, {"start": "00:11:37", "end": "00:11:41", "text": "government Bitcoin moving. You know, we"}, {"start": "00:11:39", "end": "00:11:43", "text": "had the leverage liquidations about a"}, {"start": "00:11:41", "end": "00:11:45", "text": "half a billion dollars in liquidations"}, {"start": "00:11:43", "end": "00:11:49", "text": "to the downside. We also had the 30-year"}, {"start": "00:11:45", "end": "00:11:52", "text": "bond hit 5.7% for the first time since"}, {"start": "00:11:49", "end": "00:11:55", "text": "2002. Back then though, inflation was"}, {"start": "00:11:52", "end": "00:11:57", "text": "only 1.2%. The federal funds rate was at"}, {"start": "00:11:55", "end": "00:11:59", "text": "1.75%"}, {"start": "00:11:57", "end": "00:12:02", "text": "and the stock market was already in a"}, {"start": "00:11:59", "end": "00:12:04", "text": "crash about 40% below its local peak. So"}, {"start": "00:12:02", "end": "00:12:08", "text": "today, inflation is almost three times"}, {"start": "00:12:04", "end": "00:12:10", "text": "higher at 3.4%. And the stock market is"}, {"start": "00:12:08", "end": "00:12:13", "text": "at all-time highs. Two very, very"}, {"start": "00:12:10", "end": "00:12:14", "text": "interesting uh data points to pay"}, {"start": "00:12:13", "end": "00:12:17", "text": "attention to as we head into the Federal"}, {"start": "00:12:14", "end": "00:12:20", "text": "Reserve and the FOMC minutes that are"}, {"start": "00:12:17", "end": "00:12:22", "text": "going to be coming out today at 2:00"}, {"start": "00:12:20", "end": "00:12:24", "text": "p.m. Forward guidance from the Federal"}, {"start": "00:12:22", "end": "00:12:27", "text": "Reserve in their written form today. And"}, {"start": "00:12:24", "end": "00:12:28", "text": "I was having a conversation with my pops"}, {"start": "00:12:27", "end": "00:12:30", "text": "about what the hell do you do if you're"}, {"start": "00:12:28", "end": "00:12:32", "text": "if you're just trying to retire and"}, {"start": "00:12:30", "end": "00:12:33", "text": "protect your money that you've put"}, {"start": "00:12:32", "end": "00:12:36", "text": "together your whole life. You've worked"}, {"start": "00:12:33", "end": "00:12:41", "text": "hard your whole life. Bonds is where it"}, {"start": "00:12:36", "end": "00:12:43", "text": "used to be. And seeing this, you know,"}, {"start": "00:12:41", "end": "00:12:46", "text": "old bond buyers that were buying the"}, {"start": "00:12:43", "end": "00:12:48", "text": "bonds at 3 and 4%, they're watching this"}, {"start": "00:12:46", "end": "00:12:51", "text": "shillfest of US government debt in kind"}, {"start": "00:12:48", "end": "00:12:53", "text": "of a desperation mode. And we all"}, {"start": "00:12:51", "end": "00:12:55", "text": "remember Treasury Secretary Scott Bent"}, {"start": "00:12:53", "end": "00:12:57", "text": "when he said, \"I am the house now.\""}, {"start": "00:12:55", "end": "00:13:00", "text": "Well, this is what happened. Bond"}, {"start": "00:12:57", "end": "00:13:02", "text": "investors, right now, you have died from"}, {"start": "00:13:00", "end": "00:13:04", "text": "Bent being the house."}, {"start": "00:13:02", "end": "00:13:06", "text": ">> Well, Drew, I just want to I want to"}, {"start": "00:13:04", "end": "00:13:08", "text": "point to something really quick. Let's"}, {"start": "00:13:06", "end": "00:13:09", "text": "throw it onto my screen and I just want"}, {"start": "00:13:08", "end": "00:13:10", "text": "to go take a little trip down memory"}, {"start": "00:13:09", "end": "00:13:13", "text": "lane."}, {"start": "00:13:10", "end": "00:13:17", "text": ">> All-time peak for the bond market was uh"}, {"start": "00:13:13", "end": "00:13:19", "text": "15% in 1981. We're nowhere near that. Uh"}, {"start": "00:13:17", "end": "00:13:22", "text": "all through the mid n uh mid 80s we went"}, {"start": "00:13:19", "end": "00:13:26", "text": "from 9 to 13.5%."}, {"start": "00:13:22", "end": "00:13:29", "text": "Uh the late 80s we had uh 7 to 9.5%."}, {"start": "00:13:26", "end": "00:13:32", "text": "70s 7 to 10. I mean all through the 70s"}, {"start": "00:13:29", "end": "00:13:34", "text": "and 80s a 20-year stretch was"}, {"start": "00:13:32", "end": "00:13:36", "text": "persistently higher than where we're at"}, {"start": "00:13:34", "end": "00:13:38", "text": "right now. So in reality I was on a a"}, {"start": "00:13:36", "end": "00:13:40", "text": "call yesterday with somebody and they"}, {"start": "00:13:38", "end": "00:13:42", "text": "actually I think it was Chris Terry"}, {"start": "00:13:40", "end": "00:13:44", "text": "brought it up."}, {"start": "00:13:42", "end": "00:13:46", "text": "We've been in a very a very bizarre"}, {"start": "00:13:44", "end": "00:13:49", "text": "market. one from the dotcom bubble that"}, {"start": "00:13:46", "end": "00:13:51", "text": "happened uh the.com tech boom that"}, {"start": "00:13:49", "end": "00:13:54", "text": "happened in the early 2000s late 90s"}, {"start": "00:13:51", "end": "00:13:56", "text": "early 2000s and then the housing crisis"}, {"start": "00:13:54", "end": "00:13:59", "text": "in 2008 all the money printing COVID and"}, {"start": "00:13:56", "end": "00:14:02", "text": "now we have the AI the AI"}, {"start": "00:13:59", "end": "00:14:04", "text": "money magnet and and crypto that's"}, {"start": "00:14:02", "end": "00:14:07", "text": "happening in the space right now but in"}, {"start": "00:14:04", "end": "00:14:09", "text": "reality the bond market going up right"}, {"start": "00:14:07", "end": "00:14:13", "text": "now is only kind of coming back into"}, {"start": "00:14:09", "end": "00:14:14", "text": "like a normal so it all of us are"}, {"start": "00:14:13", "end": "00:14:16", "text": "talking about oh my god it's high and"}, {"start": "00:14:14", "end": "00:14:18", "text": "it's Well, it's actually just been in a"}, {"start": "00:14:16", "end": "00:14:21", "text": "downtrend for a long time and it's"}, {"start": "00:14:18", "end": "00:14:24", "text": "coming back back into sort of a place"}, {"start": "00:14:21", "end": "00:14:26", "text": "that it has lived for decades at. So, I"}, {"start": "00:14:24", "end": "00:14:28", "text": "just think it's a I think it's a lot of"}, {"start": "00:14:26", "end": "00:14:31", "text": "smoke and mirror noise. If anything, I"}, {"start": "00:14:28", "end": "00:14:33", "text": "think I think Bent is is is enjoying the"}, {"start": "00:14:31", "end": "00:14:35", "text": "shenanigans that are happening because"}, {"start": "00:14:33", "end": "00:14:38", "text": "it creates the solution or let me say it"}, {"start": "00:14:35", "end": "00:14:40", "text": "creates the permission that he can have"}, {"start": "00:14:38", "end": "00:14:42", "text": "when he wants to intervene and him and"}, {"start": "00:14:40", "end": "00:14:45", "text": "Kevin Worsh start, you know, hopefully I"}, {"start": "00:14:42", "end": "00:14:47", "text": "don't want to say hopefully, but likely"}, {"start": "00:14:45", "end": "00:14:49", "text": "money printing because we're having"}, {"start": "00:14:47", "end": "00:14:51", "text": "these issues in the bond market."}, {"start": "00:14:49", "end": "00:14:53", "text": "You know, I remember Chris's"}, {"start": "00:14:51", "end": "00:14:55", "text": "conversation about that and I was my"}, {"start": "00:14:53", "end": "00:14:59", "text": "mind was all in sports at the time, so I"}, {"start": "00:14:55", "end": "00:15:01", "text": "didn't really b uh beat down onto it."}, {"start": "00:14:59", "end": "00:15:03", "text": "There are some key differences, though."}, {"start": "00:15:01", "end": "00:15:06", "text": "And"}, {"start": "00:15:03", "end": "00:15:09", "text": "$50,000 average home prices in that"}, {"start": "00:15:06", "end": "00:15:13", "text": "current environment of uh 15% yield and"}, {"start": "00:15:09", "end": "00:15:16", "text": "18% mortgages is a much much different"}, {"start": "00:15:13", "end": "00:15:18", "text": "environment than a average $450,000"}, {"start": "00:15:16", "end": "00:15:20", "text": "home. While"}, {"start": "00:15:18", "end": "00:15:22", "text": ">> wages have largely stagflated leading up"}, {"start": "00:15:20", "end": "00:15:24", "text": "to that expanse in the cost of the"}, {"start": "00:15:22", "end": "00:15:28", "text": "house, millennials, we kind of"}, {"start": "00:15:24", "end": "00:15:31", "text": "experienced that moment of it. It was an"}, {"start": "00:15:28", "end": "00:15:34", "text": "anomaly. The near 0% rates and the"}, {"start": "00:15:31", "end": "00:15:36", "text": "mortgages at 2.75%. It was an anomaly."}, {"start": "00:15:34", "end": "00:15:38", "text": "And this is, you know, a conversation"}, {"start": "00:15:36", "end": "00:15:40", "text": "that popped up on my feed with a"}, {"start": "00:15:38", "end": "00:15:43", "text": "follower. Homeowners who locked in their"}, {"start": "00:15:40", "end": "00:15:45", "text": "2.75% mortgages six years ago being"}, {"start": "00:15:43", "end": "00:15:46", "text": "asked if they're interested in selling"}, {"start": "00:15:45", "end": "00:15:49", "text": "right now. And then the creepy little"}, {"start": "00:15:46", "end": "00:15:51", "text": "dwarf dancing on the coins. Absolutely"}, {"start": "00:15:49", "end": "00:15:54", "text": "not. Someone responded, \"Little did we"}, {"start": "00:15:51", "end": "00:15:56", "text": "know that was going to be our first,"}, {"start": "00:15:54", "end": "00:16:01", "text": "last, and forever home.\" And [laughter]"}, {"start": "00:15:56", "end": "00:16:01", "text": "like I don't think that that's necess."}, {"start": "00:16:07", "end": "00:16:11", "text": "I'm not horribly interested in the"}, {"start": "00:16:10", "end": "00:16:13", "text": "mortgages where they're at right now."}, {"start": "00:16:11", "end": "00:16:17", "text": "You know, in addition to all that, you"}, {"start": "00:16:13", "end": "00:16:19", "text": "know, I I posted this September 28th, so"}, {"start": "00:16:17", "end": "00:16:21", "text": "about uh you know, I guess about a week"}, {"start": "00:16:19", "end": "00:16:23", "text": "and a half ago, and this is kind of a"}, {"start": "00:16:21", "end": "00:16:25", "text": "serious question. Is the bond market"}, {"start": "00:16:23", "end": "00:16:27", "text": "still a good representation of the"}, {"start": "00:16:25", "end": "00:16:29", "text": "markets and economic outlook? And the"}, {"start": "00:16:27", "end": "00:16:31", "text": "reason I say that is because bonds typ"}, {"start": "00:16:29", "end": "00:16:33", "text": "typically represent this safe place you"}, {"start": "00:16:31", "end": "00:16:36", "text": "can get a pretty pretty darn good yield"}, {"start": "00:16:33", "end": "00:16:38", "text": "uh you know on your on your investment"}, {"start": "00:16:36", "end": "00:16:40", "text": "over a period of time. You're not really"}, {"start": "00:16:38", "end": "00:16:41", "text": "worried about risk. But on the one hand,"}, {"start": "00:16:40", "end": "00:16:43", "text": "now people have less faith in"}, {"start": "00:16:41", "end": "00:16:45", "text": "government. So you're kind of worried"}, {"start": "00:16:43", "end": "00:16:47", "text": "about government debt. And on the other"}, {"start": "00:16:45", "end": "00:16:49", "text": "hand, we also have some of the best"}, {"start": "00:16:47", "end": "00:16:51", "text": "performing asset classes in the history"}, {"start": "00:16:49", "end": "00:16:55", "text": "of the world all sort of converging at"}, {"start": "00:16:51", "end": "00:16:57", "text": "the same time. So is 3% 4% 5% even"}, {"start": "00:16:55", "end": "00:17:01", "text": "attractive when you can just throw it in"}, {"start": "00:16:57", "end": "00:17:03", "text": "the S&P 500 or uh you know IBIT or uh"}, {"start": "00:17:01", "end": "00:17:05", "text": "you know the the enormous number"}, {"start": "00:17:03", "end": "00:17:08", "text": "incredible number of indexes that are"}, {"start": "00:17:05", "end": "00:17:11", "text": "out there that perform well and have"}, {"start": "00:17:08", "end": "00:17:13", "text": "relative you know safety and but much"}, {"start": "00:17:11", "end": "00:17:15", "text": "larger gains than you're going to get in"}, {"start": "00:17:13", "end": "00:17:17", "text": "a bond. So on the one hand somebody"}, {"start": "00:17:15", "end": "00:17:19", "text": "posted a comment in here I put it up on"}, {"start": "00:17:17", "end": "00:17:20", "text": "the screen nothing is normal anymore. I"}, {"start": "00:17:19", "end": "00:17:23", "text": "kind of feel like that we're kind of in"}, {"start": "00:17:20", "end": "00:17:26", "text": "this chaos market and nobody knows where"}, {"start": "00:17:23", "end": "00:17:29", "text": "to the old model of 6040 split bonds and"}, {"start": "00:17:26", "end": "00:17:31", "text": "and equities is is feels like it's"}, {"start": "00:17:29", "end": "00:17:34", "text": "changing. It feels like no, let's invest"}, {"start": "00:17:31", "end": "00:17:36", "text": "in the future, not just park it with"}, {"start": "00:17:34", "end": "00:17:38", "text": "government debt."}, {"start": "00:17:36", "end": "00:17:41", "text": ">> Absolutely. And that's why, you know,"}, {"start": "00:17:38", "end": "00:17:43", "text": "the crypto market, the AI boom, the"}, {"start": "00:17:41", "end": "00:17:46", "text": "energy boom, it's so interesting to me"}, {"start": "00:17:43", "end": "00:17:48", "text": "from where, you know, my current"}, {"start": "00:17:46", "end": "00:17:49", "text": "scenario is from my outlook of my"}, {"start": "00:17:48", "end": "00:17:50", "text": "children, right? I want to make sure"}, {"start": "00:17:49", "end": "00:17:52", "text": "that we're investing in the right things"}, {"start": "00:17:50", "end": "00:17:54", "text": "over the long term here. And that's why"}, {"start": "00:17:52", "end": "00:17:56", "text": "I love the altcoin sector so much is"}, {"start": "00:17:54", "end": "00:17:57", "text": "there's so much upside that I've"}, {"start": "00:17:56", "end": "00:18:00", "text": "experienced by being involved with the"}, {"start": "00:17:57", "end": "00:18:03", "text": "alt sector at the right time. But it's"}, {"start": "00:18:00", "end": "00:18:05", "text": "not all uh dancers and tacos here. So,"}, {"start": "00:18:03", "end": "00:18:06", "text": "Polygon came out with this. Never in a"}, {"start": "00:18:05", "end": "00:18:08", "text": "million years did we imagine we'd have"}, {"start": "00:18:06", "end": "00:18:09", "text": "to write these words. We've seen the"}, {"start": "00:18:08", "end": "00:18:11", "text": "announcements and we've read the"}, {"start": "00:18:09", "end": "00:18:13", "text": "timeline. So, we wanted to take a moment"}, {"start": "00:18:11", "end": "00:18:15", "text": "to share an important update is with a"}, {"start": "00:18:13", "end": "00:18:17", "text": "heavy heart that we must inform you that"}, {"start": "00:18:15", "end": "00:18:19", "text": "this is not a shutdown announcement."}, {"start": "00:18:17", "end": "00:18:21", "text": "Quite opposite actually. We're on track"}, {"start": "00:18:19", "end": "00:18:23", "text": "to hit a record year for payments across"}, {"start": "00:18:21", "end": "00:18:24", "text": "chain settlement, wallet integrations,"}, {"start": "00:18:23", "end": "00:18:26", "text": "and ramp rollouts. Not to mention, we"}, {"start": "00:18:24", "end": "00:18:28", "text": "have an extremely bullish announcement"}, {"start": "00:18:26", "end": "00:18:30", "text": "tomorrow. To everyone who doubted us, we"}, {"start": "00:18:28", "end": "00:18:32", "text": "recognize this must be very difficult"}, {"start": "00:18:30", "end": "00:18:35", "text": "time as we ask everyone to please"}, {"start": "00:18:32", "end": "00:18:37", "text": "respect their privacy. onwards. Weird"}, {"start": "00:18:35", "end": "00:18:39", "text": "timing. The charts not great, right? I"}, {"start": "00:18:37", "end": "00:18:43", "text": "mean, so they're posting that kind of"}, {"start": "00:18:39", "end": "00:18:45", "text": "fake give up message while this is what"}, {"start": "00:18:43", "end": "00:18:47", "text": "the chart looks like and we're seeing"}, {"start": "00:18:45", "end": "00:18:49", "text": "there is a lot of transactions and a lot"}, {"start": "00:18:47", "end": "00:18:51", "text": "of integrations that have continued to"}, {"start": "00:18:49", "end": "00:18:55", "text": "happen on Polygon. The price action is"}, {"start": "00:18:51", "end": "00:18:57", "text": "less than stellar though, right? And not"}, {"start": "00:18:55", "end": "00:19:00", "text": "Stellar the token here. Um, you know,"}, {"start": "00:18:57", "end": "00:19:01", "text": "stellar in terms of up into the right. I"}, {"start": "00:19:00", "end": "00:19:03", "text": "want to make money by getting into these"}, {"start": "00:19:01", "end": "00:19:07", "text": "projects at the right time. I've been"}, {"start": "00:19:03", "end": "00:19:09", "text": "watching Polygon for for some time and I"}, {"start": "00:19:07", "end": "00:19:12", "text": "just want to kind of look at this thing"}, {"start": "00:19:09", "end": "00:19:15", "text": "right now. So, it's alltime like extreme"}, {"start": "00:19:12", "end": "00:19:17", "text": "low in this current environment. It's"}, {"start": "00:19:15", "end": "00:19:20", "text": "around 6 cents. We're sitting at 10"}, {"start": "00:19:17", "end": "00:19:22", "text": "cents right now. So, it's pumped off of"}, {"start": "00:19:20", "end": "00:19:24", "text": "that floor by a decent amount from the"}, {"start": "00:19:22", "end": "00:19:27", "text": "lowest moment, the darkest hour on"}, {"start": "00:19:24", "end": "00:19:30", "text": "Polygon to its local high here. It"}, {"start": "00:19:27", "end": "00:19:32", "text": "pumped by about 70% up to 12 cents. But"}, {"start": "00:19:30", "end": "00:19:34", "text": "now it's sitting at around a 38% pump"}, {"start": "00:19:32", "end": "00:19:36", "text": "from that floor."}, {"start": "00:19:34", "end": "00:19:39", "text": "H this is such a tough one for me,"}, {"start": "00:19:36", "end": "00:19:42", "text": "Kelly. I because I made a like this is"}, {"start": "00:19:39", "end": "00:19:46", "text": "one of the projects that I absolutely"}, {"start": "00:19:42", "end": "00:19:48", "text": "made a 100x return on in the 21 bull"}, {"start": "00:19:46", "end": "00:19:50", "text": "market and I chose it just because it"}, {"start": "00:19:48", "end": "00:19:53", "text": "had a cool logo. I thought layer twos"}, {"start": "00:19:50", "end": "00:19:56", "text": "were a useful advancement for the"}, {"start": "00:19:53", "end": "00:19:58", "text": "Ethereum ecosystem as it sits"}, {"start": "00:19:56", "end": "00:20:00", "text": "and I don't know what to make of this. I"}, {"start": "00:19:58", "end": "00:20:02", "text": "know I think Crypto Steo has been liking"}, {"start": "00:20:00", "end": "00:20:05", "text": "it and Steo is one of the smarter people"}, {"start": "00:20:02", "end": "00:20:07", "text": "in crypto. Have you given any thought to"}, {"start": "00:20:05", "end": "00:20:09", "text": "the Polygon"}, {"start": "00:20:07", "end": "00:20:11", "text": "continuation here because it's a project"}, {"start": "00:20:09", "end": "00:20:15", "text": "from the last, you know, 2021's bull"}, {"start": "00:20:11", "end": "00:20:16", "text": "market that went really good and ever"}, {"start": "00:20:15", "end": "00:20:18", "text": "since then it's just been down to the"}, {"start": "00:20:16", "end": "00:20:19", "text": "right but there's a lot of holders of"}, {"start": "00:20:18", "end": "00:20:21", "text": "this. What do you think of Paul?"}, {"start": "00:20:19", "end": "00:20:23", "text": ">> Well, I I just want to remind people"}, {"start": "00:20:21", "end": "00:20:26", "text": "there's there's different markets,"}, {"start": "00:20:23", "end": "00:20:27", "text": "right? There's the speculative market"}, {"start": "00:20:26", "end": "00:20:29", "text": "which is what you're seeing when the"}, {"start": "00:20:27", "end": "00:20:31", "text": "price is you know making huge gains or"}, {"start": "00:20:29", "end": "00:20:34", "text": "making huge losses price moving you're"}, {"start": "00:20:31", "end": "00:20:35", "text": "playing that spread uh you know the"}, {"start": "00:20:34", "end": "00:20:37", "text": "investment side of it but then you also"}, {"start": "00:20:35", "end": "00:20:40", "text": "have the the background the the"}, {"start": "00:20:37", "end": "00:20:42", "text": "fundamental part of the of that asset"}, {"start": "00:20:40", "end": "00:20:44", "text": "and the whatever service they're"}, {"start": "00:20:42", "end": "00:20:46", "text": "providing or whatever niche they're"}, {"start": "00:20:44", "end": "00:20:48", "text": "filling uh all the integrations they"}, {"start": "00:20:46", "end": "00:20:52", "text": "have the adoption the uh the payment"}, {"start": "00:20:48", "end": "00:20:54", "text": "rails that are and I do think polygon in"}, {"start": "00:20:52", "end": "00:20:57", "text": "reality I think It's actually a bit"}, {"start": "00:20:54", "end": "00:20:58", "text": "surprising that the price hasn't hasn't"}, {"start": "00:20:57", "end": "00:21:02", "text": "it does worry me that it hasn't really"}, {"start": "00:20:58", "end": "00:21:05", "text": "followed the normal trend of assets that"}, {"start": "00:21:02", "end": "00:21:07", "text": "are doing things performing decently"}, {"start": "00:21:05", "end": "00:21:09", "text": "well in this last month or two and it's"}, {"start": "00:21:07", "end": "00:21:12", "text": "it's kind of sitting a bit stagnant. On"}, {"start": "00:21:09", "end": "00:21:14", "text": "the other hand, they do have pretty darn"}, {"start": "00:21:12", "end": "00:21:17", "text": "good uh you know, sort of fundamentals"}, {"start": "00:21:14", "end": "00:21:19", "text": "uh all all the different things that"}, {"start": "00:21:17", "end": "00:21:21", "text": "they all the different parts of the"}, {"start": "00:21:19", "end": "00:21:23", "text": "market that they're integrated with the"}, {"start": "00:21:21", "end": "00:21:25", "text": "their partners, their integrations that"}, {"start": "00:21:23", "end": "00:21:28", "text": "you know that that announcement they"}, {"start": "00:21:25", "end": "00:21:29", "text": "just made. So, it does lead me to"}, {"start": "00:21:28", "end": "00:21:32", "text": "believe that it's probably a little bit"}, {"start": "00:21:29", "end": "00:21:33", "text": "of a silent sleeper. But looking at that"}, {"start": "00:21:32", "end": "00:21:35", "text": "chart, the chart doesn't tell me to buy"}, {"start": "00:21:33", "end": "00:21:38", "text": "now cuz something's going to happen. It"}, {"start": "00:21:35", "end": "00:21:41", "text": "tells me it could pop in to the upside"}, {"start": "00:21:38", "end": "00:21:43", "text": "any day, but it also could be another"}, {"start": "00:21:41", "end": "00:21:44", "text": "year and a half. So, yeah,"}, {"start": "00:21:43", "end": "00:21:46", "text": ">> it's it's like that that that chart's"}, {"start": "00:21:44", "end": "00:21:48", "text": "for the patient investor, but I don't"}, {"start": "00:21:46", "end": "00:21:49", "text": "think it's going anywhere. I think it I"}, {"start": "00:21:48", "end": "00:21:51", "text": "think it's going to do fine. The problem"}, {"start": "00:21:49", "end": "00:21:53", "text": "is that it's not it's not following any"}, {"start": "00:21:51", "end": "00:21:55", "text": "sort of normal market trajectory with"}, {"start": "00:21:53", "end": "00:21:58", "text": "the rest of the pack. Well, and I think"}, {"start": "00:21:55", "end": "00:22:00", "text": "our DC data hub and the scorecard system"}, {"start": "00:21:58", "end": "00:22:02", "text": "within it that everyone in school has"}, {"start": "00:22:00", "end": "00:22:04", "text": "direct access to and they can put any"}, {"start": "00:22:02", "end": "00:22:05", "text": "token they want to into this to analyze"}, {"start": "00:22:04", "end": "00:22:07", "text": "this if they run into that same thought"}, {"start": "00:22:05", "end": "00:22:10", "text": "process I'm running into right now with"}, {"start": "00:22:07", "end": "00:22:13", "text": "Polygon. Polygon comes out with a 60 an"}, {"start": "00:22:10", "end": "00:22:14", "text": "average score and the team track"}, {"start": "00:22:13", "end": "00:22:16", "text": "record's very good. Tokconomics here's"}, {"start": "00:22:14", "end": "00:22:19", "text": "where it's what it's missing because"}, {"start": "00:22:16", "end": "00:22:21", "text": "risk and portfolio fit. Yeah, sure it's"}, {"start": "00:22:19", "end": "00:22:23", "text": "high risk, high reward for where it's at"}, {"start": "00:22:21", "end": "00:22:25", "text": "right now if it can actually make the"}, {"start": "00:22:23", "end": "00:22:26", "text": "return. But the value capture thing has"}, {"start": "00:22:25", "end": "00:22:29", "text": "me concerned. The value capture"}, {"start": "00:22:26", "end": "00:22:31", "text": "mechanism structurally weak. It's used"}, {"start": "00:22:29", "end": "00:22:33", "text": "for gas and staking, but fee revenue"}, {"start": "00:22:31", "end": "00:22:36", "text": "acrewing to the token holder themselves"}, {"start": "00:22:33", "end": "00:22:40", "text": "is thin. Depends on unproven Polygon 2.0"}, {"start": "00:22:36", "end": "00:22:42", "text": "adoption. So this is something that, you"}, {"start": "00:22:40", "end": "00:22:45", "text": "know, we need to probably watch the"}, {"start": "00:22:42", "end": "00:22:48", "text": "Polygon 2.0 adoption value capture to"}, {"start": "00:22:45", "end": "00:22:50", "text": "make sure that that gets implemented."}, {"start": "00:22:48", "end": "00:22:51", "text": "Once I can see something like that, then"}, {"start": "00:22:50", "end": "00:22:53", "text": "I can feel because you remember like I"}, {"start": "00:22:51", "end": "00:22:54", "text": "didn't really feel like there was much"}, {"start": "00:22:53", "end": "00:22:56", "text": "value capture for unis swap until they"}, {"start": "00:22:54", "end": "00:22:59", "text": "made the changes necessary. Same thing"}, {"start": "00:22:56", "end": "00:23:01", "text": "with a same thing with chain link,"}, {"start": "00:22:59", "end": "00:23:04", "text": "right? There's a lot of tokens that had"}, {"start": "00:23:01", "end": "00:23:06", "text": "not had that value capture mechanism to"}, {"start": "00:23:04", "end": "00:23:08", "text": "really make those charts go up into the"}, {"start": "00:23:06", "end": "00:23:10", "text": "right the way they should with adoption"}, {"start": "00:23:08", "end": "00:23:12", "text": "going up and to the right. But it looks"}, {"start": "00:23:10", "end": "00:23:14", "text": "like there are some changes on the"}, {"start": "00:23:12", "end": "00:23:17", "text": "horizon and uh I'll be watching that and"}, {"start": "00:23:14", "end": "00:23:19", "text": "kind of using the uh DC data hub to"}, {"start": "00:23:17", "end": "00:23:20", "text": "analyze it any changes and we do have"}, {"start": "00:23:19", "end": "00:23:22", "text": "kind of forwardlooking systems we're put"}, {"start": "00:23:20", "end": "00:23:25", "text": "putting into place as well. So the"}, {"start": "00:23:22", "end": "00:23:26", "text": "polygon chart I do agree with you Kelly"}, {"start": "00:23:25", "end": "00:23:28", "text": "probably going to need to see some"}, {"start": "00:23:26", "end": "00:23:31", "text": "confirmations from the technical"}, {"start": "00:23:28", "end": "00:23:33", "text": "analysis side and from the value capture"}, {"start": "00:23:31", "end": "00:23:35", "text": "side the mechanics of that token"}, {"start": "00:23:33", "end": "00:23:38", "text": "governance but uh some chains actually"}, {"start": "00:23:35", "end": "00:23:42", "text": "did shut down. Abstract chain is done."}, {"start": "00:23:38", "end": "00:23:45", "text": "So, Abstract no longer in place, very"}, {"start": "00:23:42", "end": "00:23:46", "text": "useless. And also, Blast, we saw Blast"}, {"start": "00:23:45", "end": "00:23:48", "text": "shut down as well over the course of the"}, {"start": "00:23:46", "end": "00:23:50", "text": "last week. Two very useless projects"}, {"start": "00:23:48", "end": "00:23:52", "text": "that I was never interested in, never"}, {"start": "00:23:50", "end": "00:23:54", "text": "covered for a very good reason because I"}, {"start": "00:23:52", "end": "00:23:57", "text": "knew that they were just auxiliary money"}, {"start": "00:23:54", "end": "00:24:00", "text": "grabs and uh didn't really feel inclined"}, {"start": "00:23:57", "end": "00:24:03", "text": "to cover them very much. So, say now"}, {"start": "00:24:00", "end": "00:24:05", "text": "here is the Bitcoin draw down. And this"}, {"start": "00:24:03", "end": "00:24:07", "text": "is a very good post from Quinton Francis"}, {"start": "00:24:05", "end": "00:24:10", "text": "talking about how this cycle is so much"}, {"start": "00:24:07", "end": "00:24:12", "text": "different. And from the previous"}, {"start": "00:24:10", "end": "00:24:15", "text": "all-time high to where we're sitting,"}, {"start": "00:24:12", "end": "00:24:18", "text": "we're down by 31%. Now, in the same time"}, {"start": "00:24:15", "end": "00:24:20", "text": "frame, this October doomsday that"}, {"start": "00:24:18", "end": "00:24:23", "text": "everyone was waiting on, we're still at"}, {"start": "00:24:20", "end": "00:24:26", "text": "80 80,000 bucks, right? Didn't quite get"}, {"start": "00:24:23", "end": "00:24:29", "text": "the $40,000 price target they had or the"}, {"start": "00:24:26", "end": "00:24:32", "text": "$30,000 price target they had. And the"}, {"start": "00:24:29", "end": "00:24:35", "text": "draw down in total for this bulltobear"}, {"start": "00:24:32", "end": "00:24:37", "text": "market movement only reached a peak of"}, {"start": "00:24:35", "end": "00:24:39", "text": "around 54%."}, {"start": "00:24:37", "end": "00:24:41", "text": "This is much much different than"}, {"start": "00:24:39", "end": "00:24:45", "text": "bulltobear markets of the past where"}, {"start": "00:24:41", "end": "00:24:49", "text": "2013 to 2015 we had an 85% draw down."}, {"start": "00:24:45", "end": "00:24:53", "text": "2017 to 18 we had a 84% draw down. 21 to"}, {"start": "00:24:49", "end": "00:24:55", "text": "22 we had a 77. So, a clear regression"}, {"start": "00:24:53", "end": "00:24:58", "text": "on how much pain is felt from bare"}, {"start": "00:24:55", "end": "00:25:01", "text": "market to bare market over time in"}, {"start": "00:24:58", "end": "00:25:03", "text": "Bitcoin. Right now, it feels like but a"}, {"start": "00:25:01", "end": "00:25:07", "text": "scratch, right? This feels like but a"}, {"start": "00:25:03", "end": "00:25:10", "text": "scratch. It was kind of a a more insane"}, {"start": "00:25:07", "end": "00:25:13", "text": "uh prediction that I made a while ago on"}, {"start": "00:25:10", "end": "00:25:15", "text": "the Bitcoin chart. Just seeing that ETFs"}, {"start": "00:25:13", "end": "00:25:17", "text": "were here, you know, well before they"}, {"start": "00:25:15", "end": "00:25:20", "text": "were actually released. I was figuring a"}, {"start": "00:25:17", "end": "00:25:21", "text": "50% draw down would do it. Bump in a"}, {"start": "00:25:20", "end": "00:25:24", "text": "previous all-time high. And that's"}, {"start": "00:25:21", "end": "00:25:26", "text": "exactly what's happened. Now, the real"}, {"start": "00:25:24", "end": "00:25:29", "text": "question I think what we need to have a"}, {"start": "00:25:26", "end": "00:25:31", "text": "a moment to acknowledge is that it has"}, {"start": "00:25:29", "end": "00:25:33", "text": "been a very very bullish few weeks. And"}, {"start": "00:25:31", "end": "00:25:35", "text": "I know I was kind of annoying with Kelly"}, {"start": "00:25:33", "end": "00:25:39", "text": "on the show highlighting the bump and"}, {"start": "00:25:35", "end": "00:25:41", "text": "run scenarios in this 77K range at this"}, {"start": "00:25:39", "end": "00:25:44", "text": "volume node. And like Kelly said, we"}, {"start": "00:25:41", "end": "00:25:47", "text": "could very well go down to the top end"}, {"start": "00:25:44", "end": "00:25:50", "text": "of that mega volume candle, but I really"}, {"start": "00:25:47", "end": "00:25:52", "text": "feel like 77's the one kill. Like I"}, {"start": "00:25:50", "end": "00:25:54", "text": "don't I think that 77 is going to hold"}, {"start": "00:25:52", "end": "00:25:58", "text": "us from where we're at right now. Uh"}, {"start": "00:25:54", "end": "00:26:01", "text": ">> well remember I I I I covered this uh a"}, {"start": "00:25:58", "end": "00:26:03", "text": "while back. Uh but I mean you could just"}, {"start": "00:26:01", "end": "00:26:04", "text": "do it on your chart there."}, {"start": "00:26:03", "end": "00:26:07", "text": ">> I'll pull yours up. Yeah."}, {"start": "00:26:04", "end": "00:26:09", "text": ">> Uh um if let's go to a cleaner chart so"}, {"start": "00:26:07", "end": "00:26:11", "text": "it doesn't have all the lines on it. Um"}, {"start": "00:26:09", "end": "00:26:14", "text": "if if we have that pullback, let's we do"}, {"start": "00:26:11", "end": "00:26:18", "text": "this and we come down into the 70s, you"}, {"start": "00:26:14", "end": "00:26:20", "text": "know, even below into 71 and find some"}, {"start": "00:26:18", "end": "00:26:22", "text": "support there, that represents making"}, {"start": "00:26:20", "end": "00:26:25", "text": "essentially a macro inverse head and"}, {"start": "00:26:22", "end": "00:26:27", "text": "shoulders, which would be the ultimate"}, {"start": "00:26:25", "end": "00:26:30", "text": "reversal signal that would, you know, be"}, {"start": "00:26:27", "end": "00:26:31", "text": "a pretty damn strong slingshot. I mean,"}, {"start": "00:26:30", "end": "00:26:34", "text": "the the target out of this would be the"}, {"start": "00:26:31", "end": "00:26:35", "text": "base of the head to the neckline and"}, {"start": "00:26:34", "end": "00:26:38", "text": "then you measure that up. That would"}, {"start": "00:26:35", "end": "00:26:40", "text": "look at that. That the the the breakout"}, {"start": "00:26:38", "end": "00:26:42", "text": "target would be right back up here to to"}, {"start": "00:26:40", "end": "00:26:44", "text": "the all-time high out out of that. Now,"}, {"start": "00:26:42", "end": "00:26:45", "text": "that's on log. So, if we take it off"}, {"start": "00:26:44", "end": "00:26:47", "text": "log, let's see because it's going to"}, {"start": "00:26:45", "end": "00:26:49", "text": "give you two different levels. And I do"}, {"start": "00:26:47", "end": "00:26:52", "text": "recommend when you do targets that you"}, {"start": "00:26:49", "end": "00:26:53", "text": "do on log and uh and on linear so you"}, {"start": "00:26:52", "end": "00:26:55", "text": "get the two different levels just to see"}, {"start": "00:26:53", "end": "00:26:58", "text": "where you're going. And that gives us"}, {"start": "00:26:55", "end": "00:27:00", "text": "about, you know, north of $100,000. So,"}, {"start": "00:26:58", "end": "00:27:02", "text": "the point being is not the exact target"}, {"start": "00:27:00", "end": "00:27:04", "text": "out of this. The point being is if we"}, {"start": "00:27:02", "end": "00:27:07", "text": "get that pullback that doesn't break"}, {"start": "00:27:04", "end": "00:27:08", "text": "breach below $57,000, which I I"}, {"start": "00:27:07", "end": "00:27:10", "text": "personally don't think is going to"}, {"start": "00:27:08", "end": "00:27:13", "text": "happen. I think if we get this type of"}, {"start": "00:27:10", "end": "00:27:15", "text": "pullback, that would just represent a"}, {"start": "00:27:13", "end": "00:27:17", "text": "much stronger"}, {"start": "00:27:15", "end": "00:27:19", "text": "full macro reversal signal setting up."}, {"start": "00:27:17", "end": "00:27:22", "text": "So, it's not the end of the world if we"}, {"start": "00:27:19", "end": "00:27:24", "text": "see a little bit of a draw down here. Uh"}, {"start": "00:27:22", "end": "00:27:25", "text": "I mean in fact I mean I would I would"}, {"start": "00:27:24", "end": "00:27:28", "text": "hate it that I'd have to be a little bit"}, {"start": "00:27:25", "end": "00:27:30", "text": "more patient but it would be awesome to"}, {"start": "00:27:28", "end": "00:27:32", "text": "see uh because it would represent a huge"}, {"start": "00:27:30", "end": "00:27:33", "text": "amount of bullish strength coming back"}, {"start": "00:27:32", "end": "00:27:35", "text": "into the market."}, {"start": "00:27:33", "end": "00:27:36", "text": ">> Absolutely. And then this is you know I"}, {"start": "00:27:35", "end": "00:27:39", "text": "rolled out and there's a lot of"}, {"start": "00:27:36", "end": "00:27:41", "text": "discussions happening internally in our"}, {"start": "00:27:39", "end": "00:27:44", "text": "[clears throat] community about exactly"}, {"start": "00:27:41", "end": "00:27:47", "text": "what projects to buy with our dry powder"}, {"start": "00:27:44", "end": "00:27:49", "text": "and our DCA money. I've laid out my plan"}, {"start": "00:27:47", "end": "00:27:51", "text": "and I kind of re reassured it last"}, {"start": "00:27:49", "end": "00:27:53", "text": "night. I am still looking for that"}, {"start": "00:27:51", "end": "00:27:55", "text": "general bump and run type pattern to"}, {"start": "00:27:53", "end": "00:27:58", "text": "play. We're probably going to have to"}, {"start": "00:27:55", "end": "00:27:59", "text": "pay attention to Avalanche showing this"}, {"start": "00:27:58", "end": "00:28:02", "text": "much strength after today's market"}, {"start": "00:27:59", "end": "00:28:04", "text": "action because you showed me the chart"}, {"start": "00:28:02", "end": "00:28:07", "text": "very briefly on the Avalanche chart."}, {"start": "00:28:04", "end": "00:28:11", "text": "It's looking very strong around $11. I"}, {"start": "00:28:07", "end": "00:28:12", "text": "looked over my shoulder. Yeah, losing,"}, {"start": "00:28:11", "end": "00:28:14", "text": "Bitcoin's losing. A lot of these other"}, {"start": "00:28:12", "end": "00:28:17", "text": "ones are losing. Avalanche is not losing"}, {"start": "00:28:14", "end": "00:28:18", "text": "much ground here. Yeah, I mean it's I"}, {"start": "00:28:17", "end": "00:28:21", "text": "mean right now it's just sitting in a"}, {"start": "00:28:18", "end": "00:28:24", "text": "you know kind of kind of a bull flag."}, {"start": "00:28:21", "end": "00:28:27", "text": "The flag portion's getting about as as"}, {"start": "00:28:24", "end": "00:28:29", "text": "long wide as it was tall. So but even if"}, {"start": "00:28:27", "end": "00:28:30", "text": "this isn't a bull flag then you can"}, {"start": "00:28:29", "end": "00:28:32", "text": "still represent essentially let's"}, {"start": "00:28:30", "end": "00:28:35", "text": "actually draw this a bit more correct"}, {"start": "00:28:32", "end": "00:28:37", "text": "top to top to top that is an ascending"}, {"start": "00:28:35", "end": "00:28:39", "text": "triangle rising lows. So higher low"}, {"start": "00:28:37", "end": "00:28:42", "text": "higher low higher low higher low higher"}, {"start": "00:28:39", "end": "00:28:43", "text": "low with a flat top. These represent"}, {"start": "00:28:42", "end": "00:28:45", "text": "they tend to represent moves to the"}, {"start": "00:28:43", "end": "00:28:47", "text": "upside. What I'm kind of I don't want to"}, {"start": "00:28:45", "end": "00:28:49", "text": "say worried about, but what I'm aware of"}, {"start": "00:28:47", "end": "00:28:51", "text": "in the crypto market is although this is"}, {"start": "00:28:49", "end": "00:28:53", "text": "a bullish chart formation that suggests"}, {"start": "00:28:51", "end": "00:28:55", "text": "that you know 70% of the time they"}, {"start": "00:28:53", "end": "00:28:56", "text": "should break out to the upside. I think"}, {"start": "00:28:55", "end": "00:28:58", "text": "what's more likely to happen is getting"}, {"start": "00:28:56", "end": "00:29:00", "text": "a little bit of a move up and then a"}, {"start": "00:28:58", "end": "00:29:03", "text": "fake out down that basically bear traps"}, {"start": "00:29:00", "end": "00:29:05", "text": "people coming you know into the low 10s"}, {"start": "00:29:03", "end": "00:29:06", "text": "or something in this range and then uh"}, {"start": "00:29:05", "end": "00:29:08", "text": "making the move cuz then you're getting"}, {"start": "00:29:06", "end": "00:29:11", "text": "the trap and then the launch which seems"}, {"start": "00:29:08", "end": "00:29:13", "text": "to happen more often than not in crypto."}, {"start": "00:29:11", "end": "00:29:16", "text": "And this is what messes people up. They"}, {"start": "00:29:13", "end": "00:29:17", "text": "learn TA and they go, \"Well, ascending"}, {"start": "00:29:16", "end": "00:29:19", "text": "triangles break out to the upside, so"}, {"start": "00:29:17", "end": "00:29:21", "text": "I'm not prepared if it goes down. It"}, {"start": "00:29:19", "end": "00:29:22", "text": "drops, they get scared, sell, and then"}, {"start": "00:29:21", "end": "00:29:25", "text": "it goes the way they initially"}, {"start": "00:29:22", "end": "00:29:27", "text": "expected.\" So, the market kind of chops"}, {"start": "00:29:25", "end": "00:29:28", "text": "them out before it makes its move. Uh,"}, {"start": "00:29:27", "end": "00:29:31", "text": "so I'm prepared if that happens because"}, {"start": "00:29:28", "end": "00:29:34", "text": "I just I layered in like 15 or 15 or"}, {"start": "00:29:31", "end": "00:29:36", "text": "$17,000 a couple weeks ago on this. So,"}, {"start": "00:29:34", "end": "00:29:38", "text": "if this drops a bit more, I'm going to"}, {"start": "00:29:36", "end": "00:29:40", "text": "I'm going to add more to this position."}, {"start": "00:29:38", "end": "00:29:42", "text": "Mhm. And you know, when it comes to"}, {"start": "00:29:40", "end": "00:29:44", "text": "altcoins, I mean, obviously I feel like"}, {"start": "00:29:42", "end": "00:29:46", "text": "Bitcoin's a decent grab and I'm not"}, {"start": "00:29:44", "end": "00:29:49", "text": "scared of buying Bitcoin here."}, {"start": "00:29:46", "end": "00:29:53", "text": ">> Um, the others to Bitcoin chart is part"}, {"start": "00:29:49", "end": "00:29:55", "text": "of my compass toolkit in, you know, what"}, {"start": "00:29:53", "end": "00:29:57", "text": "I'm looking for out of the altcoin"}, {"start": "00:29:55", "end": "00:29:59", "text": "sector for another adding to my"}, {"start": "00:29:57", "end": "00:30:02", "text": "positions currently. And I am buying a"}, {"start": "00:29:59", "end": "00:30:04", "text": "couple new projects and really the main"}, {"start": "00:30:02", "end": "00:30:08", "text": "thing that I'm looking for is a draw"}, {"start": "00:30:04", "end": "00:30:11", "text": "down of about 6 to 8%. Come test this"}, {"start": "00:30:08", "end": "00:30:14", "text": "near the trend line. It also is acting"}, {"start": "00:30:11", "end": "00:30:17", "text": "as the PC in this local range. I think"}, {"start": "00:30:14", "end": "00:30:18", "text": "all coins are acting extremely extremely"}, {"start": "00:30:17", "end": "00:30:21", "text": "aggressive even in the light of this"}, {"start": "00:30:18", "end": "00:30:23", "text": "draw down today. You know, and Bitcoin,"}, {"start": "00:30:21", "end": "00:30:24", "text": "it's still got big buyers and big names"}, {"start": "00:30:23", "end": "00:30:28", "text": "moving into it. Robin Hood announced"}, {"start": "00:30:24", "end": "00:30:30", "text": "it's added more than $25 million worth"}, {"start": "00:30:28", "end": "00:30:33", "text": "of Bitcoin to its balance sheet. Robin"}, {"start": "00:30:30", "end": "00:30:34", "text": "Hood is going to be a big part of this"}, {"start": "00:30:33", "end": "00:30:38", "text": "coming cycle and really arguably the"}, {"start": "00:30:34", "end": "00:30:41", "text": "cycle that we're seeing begin right now."}, {"start": "00:30:38", "end": "00:30:43", "text": "And the other side, the traditional Wall"}, {"start": "00:30:41", "end": "00:30:45", "text": "Street side, the thesis of nuclear"}, {"start": "00:30:43", "end": "00:30:48", "text": "energy finding government subsidy,"}, {"start": "00:30:45", "end": "00:30:49", "text": "government cash flow is playing out."}, {"start": "00:30:48", "end": "00:30:52", "text": "Trump administration planning to offer"}, {"start": "00:30:49", "end": "00:30:56", "text": "Vistra VST."}, {"start": "00:30:52", "end": "00:30:58", "text": "uh looks like around $4 billion loan uh"}, {"start": "00:30:56", "end": "00:31:02", "text": "to upgrade three nuclear plants, right?"}, {"start": "00:30:58", "end": "00:31:05", "text": "So, we have an upgrade to the"}, {"start": "00:31:02", "end": "00:31:08", "text": "uh nuclear industry and nuclear"}, {"start": "00:31:05", "end": "00:31:10", "text": "infrastructure to expand the power. And"}, {"start": "00:31:08", "end": "00:31:12", "text": "so, this is really a positive thing to"}, {"start": "00:31:10", "end": "00:31:15", "text": "be seeing playing out in the stock side"}, {"start": "00:31:12", "end": "00:31:17", "text": "of my investing thesis here. But back to"}, {"start": "00:31:15", "end": "00:31:19", "text": "crypto real quick. Tom Lee is announcing"}, {"start": "00:31:17", "end": "00:31:22", "text": "that Bitmine is going to stop buying"}, {"start": "00:31:19", "end": "00:31:25", "text": "Ethereum once they accumulate 5% of the"}, {"start": "00:31:22", "end": "00:31:27", "text": "supply. We only need to get another"}, {"start": "00:31:25", "end": "00:31:30", "text": "100,000 Ethereum. And he's been buying"}, {"start": "00:31:27", "end": "00:31:33", "text": "clips of 12,000 Ethereum, 5,000 Ethereum"}, {"start": "00:31:30", "end": "00:31:34", "text": "the other day."}, {"start": "00:31:33", "end": "00:31:36", "text": "What happens in a situation where"}, {"start": "00:31:34", "end": "00:31:38", "text": "Ethereum is an infinite supply though,"}, {"start": "00:31:36", "end": "00:31:41", "text": "right? Does does it keep him running on"}, {"start": "00:31:38", "end": "00:31:43", "text": "the treadmill forever? This is"}, {"start": "00:31:41", "end": "00:31:48", "text": "approaching a situation where Tom Lee"}, {"start": "00:31:43", "end": "00:31:50", "text": "will hold 5% of the current supply."}, {"start": "00:31:48", "end": "00:31:52", "text": "The same level of unease and"}, {"start": "00:31:50", "end": "00:31:54", "text": "infrastructural importance Bitmine will"}, {"start": "00:31:52", "end": "00:31:57", "text": "have over Ethereum plays into my mind in"}, {"start": "00:31:54", "end": "00:31:59", "text": "Michael Michael Sailor's play on Bitcoin"}, {"start": "00:31:57", "end": "00:32:02", "text": "strategy."}, {"start": "00:31:59", "end": "00:32:05", "text": "But I think that this man is uh moving"}, {"start": "00:32:02", "end": "00:32:08", "text": "aggressively. He sees his investors want"}, {"start": "00:32:05", "end": "00:32:10", "text": "that strong upside, and he's making a"}, {"start": "00:32:08", "end": "00:32:12", "text": "decent thesis into Ethereum with this"}, {"start": "00:32:10", "end": "00:32:15", "text": "play. The painful part is that if"}, {"start": "00:32:12", "end": "00:32:17", "text": "Ethereum only ees out a $5,000 all-time"}, {"start": "00:32:15", "end": "00:32:19", "text": "high this next cycle, people are going"}, {"start": "00:32:17", "end": "00:32:23", "text": "to feel like they missed out watching"}, {"start": "00:32:19", "end": "00:32:26", "text": "the other altcoins go ballistic. So, I"}, {"start": "00:32:23", "end": "00:32:28", "text": "don't know if I'm like, at this point,"}, {"start": "00:32:26", "end": "00:32:31", "text": "I'm not horribly excited about buying"}, {"start": "00:32:28", "end": "00:32:34", "text": "Ethereum where it's at personally. Um"}, {"start": "00:32:31", "end": "00:32:35", "text": ">> well somebody somebody yeah I mean I"}, {"start": "00:32:34", "end": "00:32:38", "text": "think it's all going to come back to"}, {"start": "00:32:35", "end": "00:32:41", "text": "Bitcoin right what the direction and"}, {"start": "00:32:38", "end": "00:32:43", "text": "strength Bitcoin is showing is going to"}, {"start": "00:32:41", "end": "00:32:45", "text": "also support what's going to be"}, {"start": "00:32:43", "end": "00:32:47", "text": "happening in ETH and then therefore into"}, {"start": "00:32:45", "end": "00:32:49", "text": "the rest of the altcoins also we had the"}, {"start": "00:32:47", "end": "00:32:52", "text": "that shift Matthew Highland's been very"}, {"start": "00:32:49", "end": "00:32:54", "text": "vocal about the shift in the PMI and the"}, {"start": "00:32:52", "end": "00:32:56", "text": "copper to gold ratio uh in the business"}, {"start": "00:32:54", "end": "00:32:58", "text": "cycle all these things that are turning"}, {"start": "00:32:56", "end": "00:32:59", "text": "but then it gets back somebody mentioned"}, {"start": "00:32:58", "end": "00:33:01", "text": "here about the having cycle and let's"}, {"start": "00:32:59", "end": "00:33:03", "text": "look at the having cycle on Bitcoin cuz"}, {"start": "00:33:01", "end": "00:33:05", "text": "we forgot about that cuz it's been a,"}, {"start": "00:33:03", "end": "00:33:07", "text": "you know, a little while ago. This shows"}, {"start": "00:33:05", "end": "00:33:09", "text": "you where we're at in the cycle. Now, a"}, {"start": "00:33:07", "end": "00:33:11", "text": "great way to look at this is you can"}, {"start": "00:33:09", "end": "00:33:12", "text": "look at the end of this and this shows"}, {"start": "00:33:11", "end": "00:33:15", "text": "you exactly where we were in previous"}, {"start": "00:33:12", "end": "00:33:18", "text": "cycles. Uh, I mean, that was right at a"}, {"start": "00:33:15", "end": "00:33:21", "text": "bottom. That was right uh basically near"}, {"start": "00:33:18", "end": "00:33:23", "text": "a bottom. Basically right near a bottom."}, {"start": "00:33:21", "end": "00:33:24", "text": "Now, we may have bottomed a little"}, {"start": "00:33:23", "end": "00:33:26", "text": "early. Maybe we have a little bit more"}, {"start": "00:33:24", "end": "00:33:29", "text": "work of sideways action to do here. I"}, {"start": "00:33:26", "end": "00:33:31", "text": "don't want you all to forget. I mean,"}, {"start": "00:33:29", "end": "00:33:32", "text": "for those that have been here, you'll"}, {"start": "00:33:31", "end": "00:33:34", "text": "know what I'm talking about. But if you"}, {"start": "00:33:32", "end": "00:33:37", "text": "come back on to the Bitcoin chart and"}, {"start": "00:33:34", "end": "00:33:40", "text": "you look after after the FTX crash,"}, {"start": "00:33:37", "end": "00:33:43", "text": "boom, the bottom. It wasn't just up, up,"}, {"start": "00:33:40", "end": "00:33:45", "text": "and away. It was max frustration. This"}, {"start": "00:33:43", "end": "00:33:46", "text": "was super exciting. This scared the"}, {"start": "00:33:45", "end": "00:33:48", "text": "living [�__�] out of people. And that's"}, {"start": "00:33:46", "end": "00:33:51", "text": "the only word you can use right here."}, {"start": "00:33:48", "end": "00:33:53", "text": "This was exciting. Very scary. Very"}, {"start": "00:33:51", "end": "00:33:55", "text": "exciting. Oh my. Why isn't it doing"}, {"start": "00:33:53", "end": "00:33:58", "text": "anything? And you realize this was just"}, {"start": "00:33:55", "end": "00:33:59", "text": "It takes a while. these markets when you"}, {"start": "00:33:58", "end": "00:34:02", "text": "have a macro shift from ultra"}, {"start": "00:33:59", "end": "00:34:04", "text": "bearishness back into bullishness, it"}, {"start": "00:34:02", "end": "00:34:07", "text": "takes a while to get the masses on"}, {"start": "00:34:04", "end": "00:34:09", "text": "board. And so what we see here is a lot"}, {"start": "00:34:07", "end": "00:34:11", "text": "of moving and shaking to get there. And"}, {"start": "00:34:09", "end": "00:34:14", "text": "basically, look at this. We went up to"}, {"start": "00:34:11", "end": "00:34:17", "text": "about $25,000. We dropped uh from 25,000"}, {"start": "00:34:14", "end": "00:34:20", "text": "down to 19. That's a pretty darn big"}, {"start": "00:34:17", "end": "00:34:24", "text": "drop. Then we went from 19 up to 31,"}, {"start": "00:34:20", "end": "00:34:26", "text": "back down to 24, back up to to 31, back"}, {"start": "00:34:24", "end": "00:34:29", "text": "down to 24, just chopping over the"}, {"start": "00:34:26", "end": "00:34:33", "text": "course of let's see how long this was."}, {"start": "00:34:29", "end": "00:34:35", "text": "Uh this was about 282 days of super"}, {"start": "00:34:33", "end": "00:34:36", "text": "excitement and then it's not really"}, {"start": "00:34:35", "end": "00:34:38", "text": "happening. Then super excitement and"}, {"start": "00:34:36", "end": "00:34:39", "text": "it's not really happening. But those"}, {"start": "00:34:38", "end": "00:34:42", "text": "that were able to take advantage of this"}, {"start": "00:34:39", "end": "00:34:44", "text": "in patience then were able to, you know,"}, {"start": "00:34:42", "end": "00:34:46", "text": "even if you waited for all of this shop"}, {"start": "00:34:44", "end": "00:34:49", "text": "to and you just bought from here, I"}, {"start": "00:34:46", "end": "00:34:51", "text": "mean, that still represented a 300% gain"}, {"start": "00:34:49", "end": "00:34:54", "text": "just in Bitcoin, which is one of the the"}, {"start": "00:34:51", "end": "00:34:56", "text": "smaller growth uh assets in the in the"}, {"start": "00:34:54", "end": "00:34:59", "text": "crypto ecosystem, but it's the safest in"}, {"start": "00:34:56", "end": "00:35:01", "text": "the crypto ecosystem. So similarly where"}, {"start": "00:34:59", "end": "00:35:04", "text": "we're at right now, if we're anything"}, {"start": "00:35:01", "end": "00:35:06", "text": "like that uh that uh the FTX crash, and"}, {"start": "00:35:04", "end": "00:35:08", "text": "I'm not saying it's exactly like it, but"}, {"start": "00:35:06", "end": "00:35:10", "text": "if this is anything like it, then if we"}, {"start": "00:35:08", "end": "00:35:12", "text": "were to measure from here across, I just"}, {"start": "00:35:10", "end": "00:35:14", "text": "want you to be aware of a possibility"}, {"start": "00:35:12", "end": "00:35:17", "text": "here. Uh then we can measure from here"}, {"start": "00:35:14", "end": "00:35:19", "text": "and go about 282 days. That would put"}, {"start": "00:35:17", "end": "00:35:20", "text": "us, let's you know, somewhere about"}, {"start": "00:35:19", "end": "00:35:24", "text": "right there. That would put us into May"}, {"start": "00:35:20", "end": "00:35:26", "text": "of 2027 potentially of something. Let's"}, {"start": "00:35:24", "end": "00:35:28", "text": "actually draw a line there. option"}, {"start": "00:35:26", "end": "00:35:31", "text": "option V that would you know if we were"}, {"start": "00:35:28", "end": "00:35:35", "text": "do anything like that okay push up oh we"}, {"start": "00:35:31", "end": "00:35:38", "text": "get scary and then it push up oh oh like"}, {"start": "00:35:35", "end": "00:35:40", "text": "there could be a lot of frustration in"}, {"start": "00:35:38", "end": "00:35:43", "text": "this market before as Drew calls it"}, {"start": "00:35:40", "end": "00:35:46", "text": "before you get to ride to Valhalla"}, {"start": "00:35:43", "end": "00:35:48", "text": ">> you don't see Mike Tyson winning"}, {"start": "00:35:46", "end": "00:35:50", "text": ">> world championship year after year after"}, {"start": "00:35:48", "end": "00:35:52", "text": "year by sitting on his ass on the sofa"}, {"start": "00:35:50", "end": "00:35:55", "text": "and then going into the ring he works"}, {"start": "00:35:52", "end": "00:35:56", "text": "his butt off to make sure he is is the"}, {"start": "00:35:55", "end": "00:35:59", "text": "best. And the same thing in these"}, {"start": "00:35:56", "end": "00:36:01", "text": "markets, you have to work your butt off."}, {"start": "00:35:59", "end": "00:36:03", "text": "Sometimes it's nothing in the chart."}, {"start": "00:36:01", "end": "00:36:05", "text": "Sometimes working your butt off is"}, {"start": "00:36:03", "end": "00:36:08", "text": "realizing the market dynamics and"}, {"start": "00:36:05", "end": "00:36:11", "text": "dealing with your emotions along the way"}, {"start": "00:36:08", "end": "00:36:14", "text": "and having your strategy locked in and"}, {"start": "00:36:11", "end": "00:36:16", "text": "dealing with that so you endure through"}, {"start": "00:36:14", "end": "00:36:16", "text": "the the the frustrating parts of the"}, {"start": "00:36:16", "end": "00:36:18", "text": "market."}, {"start": "00:36:16", "end": "00:36:21", "text": ">> Well, I knew we were in for a beating"}, {"start": "00:36:18", "end": "00:36:24", "text": "this morning. I saw the super cycle uh"}, {"start": "00:36:21", "end": "00:36:26", "text": "be discussed, right? So, we had China's"}, {"start": "00:36:24", "end": "00:36:28", "text": "crypto rollout being discussed to"}, {"start": "00:36:26", "end": "00:36:32", "text": "trigger a Bitcoin super cycle, says a"}, {"start": "00:36:28", "end": "00:36:34", "text": "former UBS Asia investment bank chief."}, {"start": "00:36:32", "end": "00:36:35", "text": "They're using Hong Kong to test how they"}, {"start": "00:36:34", "end": "00:36:37", "text": "implement and manage it. And he says"}, {"start": "00:36:35", "end": "00:36:38", "text": "this, \"The weird part about this post"}, {"start": "00:36:37", "end": "00:36:41", "text": "from Bitcoin Archive is they're"}, {"start": "00:36:38", "end": "00:36:46", "text": "highlighting 200k Bitcoin secured.\" Now,"}, {"start": "00:36:41", "end": "00:36:49", "text": "I would argue $200,000 Bitcoin is FUD."}, {"start": "00:36:46", "end": "00:36:53", "text": "Now, a super cycle in my mind goes to"}, {"start": "00:36:49", "end": "00:36:56", "text": "around a 1510 to$15 trillion market cap."}, {"start": "00:36:53", "end": "00:36:58", "text": "A general upswing, and I already ran the"}, {"start": "00:36:56", "end": "00:37:00", "text": "math. I I ran the math because I was on"}, {"start": "00:36:58", "end": "00:37:03", "text": "a show with Crypto Crank where he was"}, {"start": "00:37:00", "end": "00:37:05", "text": "calling for $41,000 Bitcoin. I was"}, {"start": "00:37:03", "end": "00:37:07", "text": "saying 56 at best is the wash out you're"}, {"start": "00:37:05", "end": "00:37:09", "text": "going to get. And so, we ran the math on"}, {"start": "00:37:07", "end": "00:37:11", "text": "what a diminished return would end up"}, {"start": "00:37:09", "end": "00:37:15", "text": "being for Bitcoin in each of those"}, {"start": "00:37:11", "end": "00:37:17", "text": "scenarios. Now, a diminished return from"}, {"start": "00:37:15", "end": "00:37:21", "text": "the $56,000"}, {"start": "00:37:17", "end": "00:37:22", "text": "mark ended up landing between $200 to"}, {"start": "00:37:21", "end": "00:37:26", "text": "$260,000"}, {"start": "00:37:22", "end": "00:37:30", "text": "on just a business as usual bull market."}, {"start": "00:37:26", "end": "00:37:34", "text": "A super cycle, a in a conversation where"}, {"start": "00:37:30", "end": "00:37:37", "text": "Bitcoin breaches 10 trillion [snorts]"}, {"start": "00:37:34", "end": "00:37:41", "text": "in market cap could go up to 15. We're"}, {"start": "00:37:37", "end": "00:37:43", "text": "then talking about a $300,000 Bitcoin in"}, {"start": "00:37:41", "end": "00:37:46", "text": "a situation that is much more difficult"}, {"start": "00:37:43", "end": "00:37:48", "text": "to know how high a lot of these altcoins"}, {"start": "00:37:46", "end": "00:37:52", "text": "could end up going in a scenario like"}, {"start": "00:37:48", "end": "00:37:54", "text": "that. But in general, I want everyone to"}, {"start": "00:37:52", "end": "00:37:57", "text": "understand that a business as usual bull"}, {"start": "00:37:54", "end": "00:38:01", "text": "market, assuming that 56 was indeed our"}, {"start": "00:37:57", "end": "00:38:03", "text": "low brings you to 200 to $260,000"}, {"start": "00:38:01", "end": "00:38:05", "text": "Bitcoin as it is without any other"}, {"start": "00:38:03", "end": "00:38:08", "text": "external good forces playing into the"}, {"start": "00:38:05", "end": "00:38:10", "text": "scenario. So, you know, Bitcoin Archive,"}, {"start": "00:38:08", "end": "00:38:11", "text": "I don't know if I need to hop on the"}, {"start": "00:38:10", "end": "00:38:14", "text": "show. Maybe I should hit him up to kind"}, {"start": "00:38:11", "end": "00:38:18", "text": "of clarify this, but the math ran out"}, {"start": "00:38:14", "end": "00:38:21", "text": "from our local low levels in a business"}, {"start": "00:38:18", "end": "00:38:23", "text": "as usual environment is easily $200,000."}, {"start": "00:38:21", "end": "00:38:25", "text": "So, I'm not too worried about the"}, {"start": "00:38:23", "end": "00:38:28", "text": "market. The real interesting part is the"}, {"start": "00:38:25", "end": "00:38:30", "text": "AI crypto uh marriage that's being"}, {"start": "00:38:28", "end": "00:38:33", "text": "worked on in the back rooms here. So, a"}, {"start": "00:38:30", "end": "00:38:34", "text": "new Betensor book is dropping. Mark"}, {"start": "00:38:33", "end": "00:38:36", "text": "Jeffrey great great great account to"}, {"start": "00:38:34", "end": "00:38:39", "text": "follow if you're into potensor's"}, {"start": "00:38:36", "end": "00:38:42", "text": "ecosystem talking about the Bitcoin of"}, {"start": "00:38:39", "end": "00:38:44", "text": "AI and we all know and discuss and"}, {"start": "00:38:42", "end": "00:38:48", "text": "research the proof of work that Bitcoin"}, {"start": "00:38:44", "end": "00:38:50", "text": "can offer now but tensor Tao and the"}, {"start": "00:38:48", "end": "00:38:54", "text": "subnet ecosystem within it when you have"}, {"start": "00:38:50", "end": "00:38:59", "text": "the ability to run economic models that"}, {"start": "00:38:54", "end": "00:39:01", "text": "can loan out GPU power when they can run"}, {"start": "00:38:59", "end": "00:39:03", "text": "AI models and get rewarded for running"}, {"start": "00:39:01", "end": "00:39:07", "text": "those AI models."}, {"start": "00:39:03", "end": "00:39:10", "text": "The cost of API on these"}, {"start": "00:39:07", "end": "00:39:12", "text": "AI systems is is quite substantial if"}, {"start": "00:39:10", "end": "00:39:14", "text": "you really try to roll these things out"}, {"start": "00:39:12", "end": "00:39:17", "text": "to replace anything and everything that"}, {"start": "00:39:14", "end": "00:39:22", "text": "you do as a business or person."}, {"start": "00:39:17", "end": "00:39:26", "text": "the thesis that AI compute costs go down"}, {"start": "00:39:22", "end": "00:39:28", "text": "and intermediaries that are useful to AI"}, {"start": "00:39:26", "end": "00:39:31", "text": "the inbetweeners not the layer ones but"}, {"start": "00:39:28", "end": "00:39:33", "text": "the things like near andor"}, {"start": "00:39:31", "end": "00:39:35", "text": "could experience a massive massive"}, {"start": "00:39:33", "end": "00:39:37", "text": "upswing in this kind of conversation"}, {"start": "00:39:35", "end": "00:39:39", "text": "which is why I've been able to come out"}, {"start": "00:39:37", "end": "00:39:42", "text": "with some pretty insane price"}, {"start": "00:39:39", "end": "00:39:45", "text": "predictions on the tensor tow and near"}, {"start": "00:39:42", "end": "00:39:47", "text": "protocol because of that conceptual"}, {"start": "00:39:45", "end": "00:39:51", "text": "investing approach that I have towards"}, {"start": "00:39:47", "end": "00:39:53", "text": "this industry. And you know, I I talked"}, {"start": "00:39:51", "end": "00:39:56", "text": "about a $61,000"}, {"start": "00:39:53", "end": "00:39:58", "text": "Betensor Tao token, how you get there. I"}, {"start": "00:39:56", "end": "00:40:00", "text": "talked about a $560"}, {"start": "00:39:58", "end": "00:40:03", "text": "Near token and how you get there as"}, {"start": "00:40:00", "end": "00:40:05", "text": "well. Uh Near co-founder came out and"}, {"start": "00:40:03", "end": "00:40:06", "text": "said that users no longer need"}, {"start": "00:40:05", "end": "00:40:10", "text": "centralized exchanges for a lot of"}, {"start": "00:40:06", "end": "00:40:12", "text": "crypto activity amid these onchain to"}, {"start": "00:40:10", "end": "00:40:15", "text": "tools expanding. Pskin also told Block"}, {"start": "00:40:12", "end": "00:40:18", "text": "that Near has more fiat features coming"}, {"start": "00:40:15", "end": "00:40:20", "text": "and plans to add tokenized stocks from"}, {"start": "00:40:18", "end": "00:40:22", "text": "more markets. This is very very"}, {"start": "00:40:20", "end": "00:40:24", "text": "interesting. Near and Aerod Drrome are"}, {"start": "00:40:22", "end": "00:40:26", "text": "first on my git list. And let me know in"}, {"start": "00:40:24", "end": "00:40:30", "text": "the chat what you guys feel like buying"}, {"start": "00:40:26", "end": "00:40:32", "text": "in this dip, but Near and Aerodrome are"}, {"start": "00:40:30", "end": "00:40:34", "text": "first and foremost on my mind here. So I"}, {"start": "00:40:32", "end": "00:40:37", "text": "do actually want to map out both of"}, {"start": "00:40:34", "end": "00:40:39", "text": "those projects selfishly. And obviously"}, {"start": "00:40:37", "end": "00:40:42", "text": "I'm keeping in mind this general others"}, {"start": "00:40:39", "end": "00:40:43", "text": "to Bitcoin bump and run potential, but I"}, {"start": "00:40:42", "end": "00:40:44", "text": "got to go look at near because it hasn't"}, {"start": "00:40:43", "end": "00:40:46", "text": "given up much ground. But"}, {"start": "00:40:44", "end": "00:40:47", "text": ">> before you pull up the NER chart, I just"}, {"start": "00:40:46", "end": "00:40:49", "text": "want to highlight something for"}, {"start": "00:40:47", "end": "00:40:51", "text": "everybody. I'm not sure if you've"}, {"start": "00:40:49", "end": "00:40:53", "text": "highlighted this on the show before, but"}, {"start": "00:40:51", "end": "00:40:54", "text": "this is specifically because I remember"}, {"start": "00:40:53", "end": "00:40:56", "text": "about two years ago when I was talking a"}, {"start": "00:40:54", "end": "00:40:58", "text": "lot about Near and I was mentioning AI"}, {"start": "00:40:56", "end": "00:41:00", "text": "and people like it has nothing to do"}, {"start": "00:40:58", "end": "00:41:01", "text": "with AI. I just want you to throw it to"}, {"start": "00:41:00", "end": "00:41:05", "text": "my screen real quick and you you'll see"}, {"start": "00:41:01", "end": "00:41:07", "text": "why Near has been so uh you know"}, {"start": "00:41:05", "end": "00:41:10", "text": "building in that AI space. The NER"}, {"start": "00:41:07", "end": "00:41:13", "text": "co-founder Ilia Powkin or whatever his"}, {"start": "00:41:10", "end": "00:41:15", "text": "name is he is the transformer co-author."}, {"start": "00:41:13", "end": "00:41:18", "text": "What the hell is that? Well, it"}, {"start": "00:41:15", "end": "00:41:21", "text": "introduced the architecture that powers"}, {"start": "00:41:18", "end": "00:41:24", "text": "modern modern large language models like"}, {"start": "00:41:21", "end": "00:41:26", "text": "chat GPT. So the co-founder of near is"}, {"start": "00:41:24", "end": "00:41:29", "text": "one of the people that developed the"}, {"start": "00:41:26", "end": "00:41:31", "text": "architecture that these LLMs that we're"}, {"start": "00:41:29", "end": "00:41:36", "text": "seeing on anthropic and chat GPT and"}, {"start": "00:41:31", "end": "00:41:40", "text": "these major major uh AI uh uh models are"}, {"start": "00:41:36", "end": "00:41:42", "text": "using. So near has not only a deep"}, {"start": "00:41:40", "end": "00:41:45", "text": "understanding of AI but is also one of"}, {"start": "00:41:42", "end": "00:41:47", "text": "their core members has designed some of"}, {"start": "00:41:45", "end": "00:41:50", "text": "the systems for which these major major"}, {"start": "00:41:47", "end": "00:41:52", "text": "bohemoths in AI are utilizing. So it"}, {"start": "00:41:50", "end": "00:41:53", "text": "makes sense that now when they're"}, {"start": "00:41:52", "end": "00:41:55", "text": "developing near intents and they're"}, {"start": "00:41:53", "end": "00:41:58", "text": "doing other things within AI and then"}, {"start": "00:41:55", "end": "00:42:00", "text": "also you know smart routing to different"}, {"start": "00:41:58", "end": "00:42:02", "text": "chains to simplify things. It really"}, {"start": "00:42:00", "end": "00:42:04", "text": "shows how far ahead of the curve they"}, {"start": "00:42:02", "end": "00:42:06", "text": "were and and what a sleeper it was two"}, {"start": "00:42:04", "end": "00:42:08", "text": "years ago when nobody was paying"}, {"start": "00:42:06", "end": "00:42:09", "text": "attention to that and now people go I"}, {"start": "00:42:08", "end": "00:42:10", "text": "can't believe I missed it. Well first"}, {"start": "00:42:09", "end": "00:42:12", "text": "off you know we've been talking about"}, {"start": "00:42:10", "end": "00:42:16", "text": "near on this channel and also when I was"}, {"start": "00:42:12", "end": "00:42:18", "text": "doing BitLab Academy uh on a daily or"}, {"start": "00:42:16", "end": "00:42:20", "text": "weekly basis so the data has been there."}, {"start": "00:42:18", "end": "00:42:22", "text": "Now, let's let's pull back up the chart"}, {"start": "00:42:20", "end": "00:42:24", "text": "because the near chart is one of the"}, {"start": "00:42:22", "end": "00:42:26", "text": "stronger charts in crypto."}, {"start": "00:42:24", "end": "00:42:29", "text": ">> It is. It is. And on the MACD, I mean, I"}, {"start": "00:42:26", "end": "00:42:30", "text": "could see definitely a sloppy roof. If"}, {"start": "00:42:29", "end": "00:42:33", "text": "you're looking at this on the 4hour time"}, {"start": "00:42:30", "end": "00:42:35", "text": "frame, you got lower highs on these MACD"}, {"start": "00:42:33", "end": "00:42:38", "text": "crossovers. You're just now heading into"}, {"start": "00:42:35", "end": "00:42:41", "text": "the red on the flow side as well on the"}, {"start": "00:42:38", "end": "00:42:43", "text": "4hour daily. Also angling to the"}, {"start": "00:42:41", "end": "00:42:46", "text": "downside and very, very cooked to the"}, {"start": "00:42:43", "end": "00:42:49", "text": "upside. What I have kind of been waiting"}, {"start": "00:42:46", "end": "00:42:50", "text": "for is this mid3 entry point. But"}, {"start": "00:42:49", "end": "00:42:52", "text": "actually, I think I'm going to act a"}, {"start": "00:42:50", "end": "00:42:56", "text": "little bit more aggressively than that."}, {"start": "00:42:52", "end": "00:42:57", "text": "And I'm looking in the fours. I'm"}, {"start": "00:42:56", "end": "00:43:00", "text": "looking in the fours. I'm kind of up in"}, {"start": "00:42:57", "end": "00:43:02", "text": "like obviously if we go down to this"}, {"start": "00:43:00", "end": "00:43:05", "text": "mid3 section, that's where I'm going to"}, {"start": "00:43:02", "end": "00:43:07", "text": "open up a much bigger vault of my stable"}, {"start": "00:43:05", "end": "00:43:10", "text": "coin reserves to go into this project"}, {"start": "00:43:07", "end": "00:43:13", "text": "with. But I don't feel terrible"}, {"start": "00:43:10", "end": "00:43:16", "text": "beginning the DCA process in and around"}, {"start": "00:43:13", "end": "00:43:17", "text": "the $4 to low $5 region, which it's"}, {"start": "00:43:16", "end": "00:43:19", "text": "sitting at right now. It's at a very"}, {"start": "00:43:17", "end": "00:43:21", "text": "interesting point where it's it's one of"}, {"start": "00:43:19", "end": "00:43:24", "text": "the few projects that's bounced out of"}, {"start": "00:43:21", "end": "00:43:25", "text": "these descending trend lines that a lot"}, {"start": "00:43:24", "end": "00:43:28", "text": "of these altcoins have been trapped"}, {"start": "00:43:25", "end": "00:43:32", "text": "under through each bull market, mind"}, {"start": "00:43:28", "end": "00:43:35", "text": "you. Right? It's 24 AI run. Bam. Ran"}, {"start": "00:43:32", "end": "00:43:38", "text": "into that resistance and it just sliced"}, {"start": "00:43:35", "end": "00:43:41", "text": "through it like butter like a samurai in"}, {"start": "00:43:38", "end": "00:43:44", "text": "Japan. Um, now where we're at is it's"}, {"start": "00:43:41", "end": "00:43:46", "text": "retested this trend line a few times. I"}, {"start": "00:43:44", "end": "00:43:48", "text": "do leave room in my trading thesis for"}, {"start": "00:43:46", "end": "00:43:52", "text": "that others to Bitcoin chart to draw"}, {"start": "00:43:48", "end": "00:43:55", "text": "down by about 5 to 8% and give me that"}, {"start": "00:43:52", "end": "00:43:56", "text": "high $3 entry point. But in general, the"}, {"start": "00:43:55", "end": "00:43:59", "text": "potentials of this project, it's almost"}, {"start": "00:43:56", "end": "00:44:02", "text": "like a hedge against what we know as"}, {"start": "00:43:59", "end": "00:44:04", "text": "crypto. In general, what we know in"}, {"start": "00:44:02", "end": "00:44:07", "text": "crypto is layer ones and applications"}, {"start": "00:44:04", "end": "00:44:10", "text": "built by humans. And you know, we used"}, {"start": "00:44:07", "end": "00:44:13", "text": "to know transactions done by humans,"}, {"start": "00:44:10", "end": "00:44:15", "text": "useful user interface, phantom wallet"}, {"start": "00:44:13", "end": "00:44:18", "text": "being that great doorway for humans to"}, {"start": "00:44:15", "end": "00:44:20", "text": "come in and be able to use the app. AI"}, {"start": "00:44:18", "end": "00:44:23", "text": "doesn't give a damn about any of that."}, {"start": "00:44:20", "end": "00:44:27", "text": "It doesn't care about user interface. AI"}, {"start": "00:44:23", "end": "00:44:30", "text": "cares about transaction finality, speed,"}, {"start": "00:44:27", "end": "00:44:33", "text": "cost. It is very cold and calculated on"}, {"start": "00:44:30", "end": "00:44:36", "text": "what it decides to move in and out of."}, {"start": "00:44:33", "end": "00:44:40", "text": "And near is almost like a uh hedge"}, {"start": "00:44:36", "end": "00:44:42", "text": "against what we know is crypto in case"}, {"start": "00:44:40", "end": "00:44:45", "text": "Vitalic Buterine's thesis and TJ's"}, {"start": "00:44:42", "end": "00:44:48", "text": "thesis happens quicker than we want it"}, {"start": "00:44:45", "end": "00:44:50", "text": "to happen where AI in essentially takes"}, {"start": "00:44:48", "end": "00:44:53", "text": "over the app building process and the"}, {"start": "00:44:50", "end": "00:44:55", "text": "transaction process. A lot of exchanges"}, {"start": "00:44:53", "end": "00:44:58", "text": "will be null and void. It's very very"}, {"start": "00:44:55", "end": "00:45:00", "text": "interesting time frame and it will cover"}, {"start": "00:44:58", "end": "00:45:04", "text": "kind of my conceptual investing side. If"}, {"start": "00:45:00", "end": "00:45:06", "text": "I have both betensor towel and near,"}, {"start": "00:45:04", "end": "00:45:07", "text": "then once I have near built out, then"}, {"start": "00:45:06", "end": "00:45:10", "text": "I'll start getting a little frisky on"}, {"start": "00:45:07", "end": "00:45:13", "text": "the VVV chart. Um, but that is kind of"}, {"start": "00:45:10", "end": "00:45:16", "text": "my conceptual basket that I'm going into"}, {"start": "00:45:13", "end": "00:45:18", "text": "as well over the course of this bubbling"}, {"start": "00:45:16", "end": "00:45:20", "text": "of the bull market coming back. So, near"}, {"start": "00:45:18", "end": "00:45:23", "text": "right there. Aerodrome is another one"}, {"start": "00:45:20", "end": "00:45:25", "text": "that's on my mind. Aerodrome is"}, {"start": "00:45:23", "end": "00:45:27", "text": "absolutely on my mind. And I did see I"}, {"start": "00:45:25", "end": "00:45:30", "text": "think Aerodrome is having a stronger"}, {"start": "00:45:27", "end": "00:45:32", "text": "pullback than than uh you know maybe"}, {"start": "00:45:30", "end": "00:45:35", "text": "some people want to see on this. So what"}, {"start": "00:45:32", "end": "00:45:37", "text": "are we at? 78 cents. We're Yes. Okay. So"}, {"start": "00:45:35", "end": "00:45:40", "text": "we're under 80 cent mark. This is good"}, {"start": "00:45:37", "end": "00:45:43", "text": "for me. I've already been buying a"}, {"start": "00:45:40", "end": "00:45:46", "text": "drrome in the high 50s and 60 cent mark,"}, {"start": "00:45:43", "end": "00:45:49", "text": "but those seem long gone. Um midpoint"}, {"start": "00:45:46", "end": "00:45:51", "text": "volume node here looking like a tasty"}, {"start": "00:45:49", "end": "00:45:53", "text": "target, but we're not too far away from"}, {"start": "00:45:51", "end": "00:45:56", "text": "it. It's at 69 cents."}, {"start": "00:45:53", "end": "00:45:57", "text": "And in a general draw down leading"}, {"start": "00:45:56", "end": "00:46:01", "text": "towards the weekend, I'm going to leave"}, {"start": "00:45:57", "end": "00:46:04", "text": "this trading plan on for my Aerod Drrome"}, {"start": "00:46:01", "end": "00:46:07", "text": "DCA plan because I could very much so"}, {"start": "00:46:04", "end": "00:46:10", "text": "see this happening uh for Aerodrome"}, {"start": "00:46:07", "end": "00:46:11", "text": "where we have a test of this midpoint"}, {"start": "00:46:10", "end": "00:46:14", "text": "volume node because it's not necessarily"}, {"start": "00:46:11", "end": "00:46:17", "text": "a volume cavern that we usually slice"}, {"start": "00:46:14", "end": "00:46:19", "text": "right through. when you see u"}, {"start": "00:46:17", "end": "00:46:22", "text": "essentially a hole in volume on the"}, {"start": "00:46:19", "end": "00:46:24", "text": "visible volume profile, there is a node"}, {"start": "00:46:22", "end": "00:46:26", "text": "right there, a little chode right there"}, {"start": "00:46:24", "end": "00:46:28", "text": "sticking out that it could easily bounce"}, {"start": "00:46:26", "end": "00:46:30", "text": "itself off of. So, this is something I'm"}, {"start": "00:46:28", "end": "00:46:32", "text": "watching on Aer Drrome. Obviously, I'm"}, {"start": "00:46:30", "end": "00:46:35", "text": "going to get much more aggressive. If I"}, {"start": "00:46:32", "end": "00:46:39", "text": "can be a lucky bird and see a real"}, {"start": "00:46:35", "end": "00:46:42", "text": "proper fight onchain fight, then I could"}, {"start": "00:46:39", "end": "00:46:44", "text": "see a drone revisiting this upper this"}, {"start": "00:46:42", "end": "00:46:46", "text": "trend line that has been riding up for"}, {"start": "00:46:44", "end": "00:46:49", "text": "some time since the extreme blues of the"}, {"start": "00:46:46", "end": "00:46:51", "text": "the bare market here when it fell to 28"}, {"start": "00:46:49", "end": "00:46:52", "text": "cents. Right now, over the course of the"}, {"start": "00:46:51", "end": "00:46:54", "text": "next few weeks, should that take a few"}, {"start": "00:46:52", "end": "00:46:58", "text": "weeks to play out, that'll land in the"}, {"start": "00:46:54", "end": "00:47:01", "text": "mid45 to 50 cent range. And I reminded"}, {"start": "00:46:58", "end": "00:47:02", "text": "myself yesterday, Kelly, that we are on"}, {"start": "00:47:01", "end": "00:47:04", "text": "Spotify and a lot of people are"}, {"start": "00:47:02", "end": "00:47:07", "text": "listening in their headphones. So, I've"}, {"start": "00:47:04", "end": "00:47:08", "text": "been saying the numbers out loud much"}, {"start": "00:47:07", "end": "00:47:10", "text": "better. I've been improving myself"}, {"start": "00:47:08", "end": "00:47:12", "text": "because a lot of times I assume people"}, {"start": "00:47:10", "end": "00:47:14", "text": "are just looking at the charts. But I"}, {"start": "00:47:12", "end": "00:47:16", "text": "remember I used to listen to uh"}, {"start": "00:47:14", "end": "00:47:17", "text": "technical analysis in the earbuds as"}, {"start": "00:47:16", "end": "00:47:20", "text": "well. So, I'm doing my best for you"}, {"start": "00:47:17", "end": "00:47:22", "text": "folks. Now, we have Singapore 20"}, {"start": "00:47:20", "end": "00:47:23", "text": "whatever. What is it? 2049. Singapore"}, {"start": "00:47:22", "end": "00:47:24", "text": "2049's going."}, {"start": "00:47:23", "end": "00:47:26", "text": ">> Yeah."}, {"start": "00:47:24", "end": "00:47:29", "text": "This is the best post that I've seen out"}, {"start": "00:47:26", "end": "00:47:33", "text": "of Singapore 24 29. Look at this. This"}, {"start": "00:47:29", "end": "00:47:35", "text": "is your BD and your crypto bros heading"}, {"start": "00:47:33", "end": "00:47:38", "text": "across the world dressed like this."}, {"start": "00:47:35", "end": "00:47:39", "text": ">> Is that Mag Miller or Robert Patson?"}, {"start": "00:47:38", "end": "00:47:42", "text": "[laughter]"}, {"start": "00:47:39", "end": "00:47:44", "text": ">> It might it might be Mag Miller. Uh"}, {"start": "00:47:42", "end": "00:47:46", "text": "crypto bros flying halfway across the"}, {"start": "00:47:44", "end": "00:47:48", "text": "world to Singapore just to spend three"}, {"start": "00:47:46", "end": "00:47:50", "text": "days standing around at events like"}, {"start": "00:47:48", "end": "00:47:52", "text": "that. You know, crypto events, they're"}, {"start": "00:47:50", "end": "00:47:53", "text": "fun for networking if you have a driven"}, {"start": "00:47:52", "end": "00:47:55", "text": "reason to be there."}, {"start": "00:47:53", "end": "00:47:56", "text": "But,"}, {"start": "00:47:55", "end": "00:47:58", "text": "you know, I mean,"}, {"start": "00:47:56", "end": "00:48:00", "text": ">> I will say though, I went to Token 2049"}, {"start": "00:47:58", "end": "00:48:03", "text": "in Singapore two years ago."}, {"start": "00:48:00", "end": "00:48:04", "text": ">> You were a DJ. You were the cool guy"}, {"start": "00:48:03", "end": "00:48:07", "text": "when you went. You were the DJ, weren't"}, {"start": "00:48:04", "end": "00:48:09", "text": "you? You were like spinning spinning."}, {"start": "00:48:07", "end": "00:48:11", "text": ">> Yeah, I DJed the CoinW uh afterparty at"}, {"start": "00:48:09", "end": "00:48:13", "text": "this like giant beach club. And it was"}, {"start": "00:48:11", "end": "00:48:15", "text": "funny because most people don't realize"}, {"start": "00:48:13", "end": "00:48:17", "text": "that I I toured professionally as a DJ"}, {"start": "00:48:15", "end": "00:48:18", "text": "for years. So, people were like be be"}, {"start": "00:48:17", "end": "00:48:19", "text": "there and then, you know, because I know"}, {"start": "00:48:18", "end": "00:48:22", "text": "quite a bit of people in the eco in the"}, {"start": "00:48:19", "end": "00:48:24", "text": "crypto uh community. And people are"}, {"start": "00:48:22", "end": "00:48:26", "text": "like, \"What the [�__�] is Kelly doing up"}, {"start": "00:48:24", "end": "00:48:28", "text": "there?\" Uh, but because I could play"}, {"start": "00:48:26", "end": "00:48:33", "text": "some music, but no, it but the event"}, {"start": "00:48:28", "end": "00:48:36", "text": "itself was probably the best crypto uh"}, {"start": "00:48:33", "end": "00:48:37", "text": "event that I've been to in terms of"}, {"start": "00:48:36", "end": "00:48:39", "text": ">> Do you think it was better than the"}, {"start": "00:48:37", "end": "00:48:41", "text": "variety of uh that's where I got really"}, {"start": "00:48:39", "end": "00:48:42", "text": "in the know on Near. I ended up meeting"}, {"start": "00:48:41", "end": "00:48:46", "text": "with one of the with two or three of the"}, {"start": "00:48:42", "end": "00:48:48", "text": "the the main Near uh leading team"}, {"start": "00:48:46", "end": "00:48:50", "text": "members and they're like, \"Keep your eye"}, {"start": "00:48:48", "end": "00:48:52", "text": "on. You guys don't have any idea. we're"}, {"start": "00:48:50", "end": "00:48:53", "text": "doing this with AI, we're doing this"}, {"start": "00:48:52", "end": "00:48:56", "text": "other stuff called intense. I had no"}, {"start": "00:48:53", "end": "00:48:59", "text": "idea what intense was at the time, but"}, {"start": "00:48:56", "end": "00:49:02", "text": "uh the event the token 2049 was one of"}, {"start": "00:48:59", "end": "00:49:04", "text": "the best organized events. The the type"}, {"start": "00:49:02", "end": "00:49:05", "text": "of people that were there, everybody was"}, {"start": "00:49:04", "end": "00:49:06", "text": "builders. It wasn't a bunch of"}, {"start": "00:49:05", "end": "00:49:08", "text": "spectators, but there I mean it was"}, {"start": "00:49:06", "end": "00:49:10", "text": "massive. It was like 60,000 people or"}, {"start": "00:49:08", "end": "00:49:13", "text": "something. Really great side events. So,"}, {"start": "00:49:10", "end": "00:49:15", "text": "I do recommend it if if you ever in the"}, {"start": "00:49:13", "end": "00:49:16", "text": "in in in the need to want to travel or"}, {"start": "00:49:15", "end": "00:49:18", "text": "you're in that area and you want to go"}, {"start": "00:49:16", "end": "00:49:19", "text": "to one of those events. It's pretty darn"}, {"start": "00:49:18", "end": "00:49:21", "text": "good. Do you think it was better than"}, {"start": "00:49:19", "end": "00:49:23", "text": "Vegas? Because last time Vegas was kind"}, {"start": "00:49:21", "end": "00:49:24", "text": "of like dull last time. It felt a little"}, {"start": "00:49:23", "end": "00:49:26", "text": "dull last time."}, {"start": "00:49:24", "end": "00:49:30", "text": ">> Night and day different. Yeah."}, {"start": "00:49:26", "end": "00:49:32", "text": ">> Yeah. So, okay. Okay. Uh Chisel sending"}, {"start": "00:49:30", "end": "00:49:34", "text": "us some N currency. What is that? What"}, {"start": "00:49:32", "end": "00:49:36", "text": "What kind of is that? North Korean"}, {"start": "00:49:34", "end": "00:49:39", "text": "currency. 20 bucks in it. Hate bears and"}, {"start": "00:49:36", "end": "00:49:40", "text": "bare markets. Shout out to you. Um other"}, {"start": "00:49:39", "end": "00:49:43", "text": "projects. We got to be paying attention"}, {"start": "00:49:40", "end": "00:49:45", "text": "to the alts right now, right? I'm I'm on"}, {"start": "00:49:43", "end": "00:49:48", "text": "a buying spree over the next especially"}, {"start": "00:49:45", "end": "00:49:49", "text": "if we can get a deeper draw down. So, I"}, {"start": "00:49:48", "end": "00:49:53", "text": "want to go look at the biggest losers"}, {"start": "00:49:49", "end": "00:49:57", "text": "and see if I can find some good. Yes,"}, {"start": "00:49:53", "end": "00:50:00", "text": "unis swap under $8. Yes,"}, {"start": "00:49:57", "end": "00:50:02", "text": "not quite interested in Pith. Uh, Aptos"}, {"start": "00:50:00", "end": "00:50:04", "text": "not really doing it for me. Venice"}, {"start": "00:50:02", "end": "00:50:06", "text": "tokens, one that I've had my eyes on."}, {"start": "00:50:04", "end": "00:50:09", "text": "Faux show. We're coming down to $25 on"}, {"start": "00:50:06", "end": "00:50:11", "text": "Venice VVV token, which is a nice sign."}, {"start": "00:50:09", "end": "00:50:14", "text": "And it's very well up on the month"}, {"start": "00:50:11", "end": "00:50:16", "text": "still. It's up 44% on the month, down"}, {"start": "00:50:14", "end": "00:50:19", "text": "10% on the day, and a nice draw down to"}, {"start": "00:50:16", "end": "00:50:20", "text": "the mid20 range. Virtual's another one"}, {"start": "00:50:19", "end": "00:50:23", "text": "I'm not necessarily feeling like"}, {"start": "00:50:20", "end": "00:50:27", "text": "sleeping on. And that one is only up by"}, {"start": "00:50:23", "end": "00:50:29", "text": "5%, down by 10 on the day. Oh man, I"}, {"start": "00:50:27", "end": "00:50:31", "text": "think out of this, the one that's"}, {"start": "00:50:29", "end": "00:50:31", "text": "enticing me the most is UniS swap. I'm"}, {"start": "00:50:31", "end": "00:50:32", "text": "like,"}, {"start": "00:50:31", "end": "00:50:35", "text": ">> you know, you know what's kind of"}, {"start": "00:50:32", "end": "00:50:37", "text": "bothering me though, too, is remember"}, {"start": "00:50:35", "end": "00:50:39", "text": "the massive merger that happened between"}, {"start": "00:50:37", "end": "00:50:43", "text": "the three AI Bohemoth, Singularity,"}, {"start": "00:50:39", "end": "00:50:45", "text": "Fetch, and uh Ocean Protocol, and now"}, {"start": "00:50:43", "end": "00:50:47", "text": "it's ASI."}, {"start": "00:50:45", "end": "00:50:50", "text": ">> I haven't, and maybe again, I'm not"}, {"start": "00:50:47", "end": "00:50:51", "text": "saying nothing has happened, but it I'm"}, {"start": "00:50:50", "end": "00:50:54", "text": "pretty in tune with what's going on in"}, {"start": "00:50:51", "end": "00:50:56", "text": "the crypto ecosystem. I haven't seen a"}, {"start": "00:50:54", "end": "00:50:58", "text": "single thing in terms of press releases"}, {"start": "00:50:56", "end": "00:51:01", "text": "or movements forward or developments"}, {"start": "00:50:58", "end": "00:51:04", "text": "that have happened in the ASI ecosystem"}, {"start": "00:51:01", "end": "00:51:06", "text": "in the last nine months. Have you?"}, {"start": "00:51:04", "end": "00:51:09", "text": ">> I have not heard any hype. I have seen"}, {"start": "00:51:06", "end": "00:51:11", "text": "the price chart though and it caught my"}, {"start": "00:51:09", "end": "00:51:14", "text": "eye in terms of price action bouncing"}, {"start": "00:51:11", "end": "00:51:16", "text": "nicely. Uh it's extreme low around 12"}, {"start": "00:51:14", "end": "00:51:19", "text": "cents and it pumped up to 22 cents right"}, {"start": "00:51:16", "end": "00:51:20", "text": "now and its local recent high was at 26"}, {"start": "00:51:19", "end": "00:51:22", "text": "cents. So it did catch my eye in terms"}, {"start": "00:51:20", "end": "00:51:26", "text": "of that return. But the thing that"}, {"start": "00:51:22", "end": "00:51:28", "text": "worries me um with it is the"}, {"start": "00:51:26", "end": "00:51:32", "text": "overshadowing that could occur from"}, {"start": "00:51:28", "end": "00:51:34", "text": "newer, hotter ticket AI projects. But"}, {"start": "00:51:32", "end": "00:51:37", "text": "another thing about the Fed's chart that"}, {"start": "00:51:34", "end": "00:51:41", "text": "not many altcoins have going for them is"}, {"start": "00:51:37", "end": "00:51:42", "text": "higher highs. So each bull market this"}, {"start": "00:51:41", "end": "00:51:46", "text": "project's been around, it's had a higher"}, {"start": "00:51:42", "end": "00:51:48", "text": "all-time high. And I do believe I looked"}, {"start": "00:51:46", "end": "00:51:52", "text": "at it last time, yes, it's got higher"}, {"start": "00:51:48", "end": "00:51:55", "text": "lows going for it as well. And so"}, {"start": "00:51:52", "end": "00:51:56", "text": "it's a tough one to decide if I'm"}, {"start": "00:51:55", "end": "00:51:59", "text": "feeling like getting slight exposure to"}, {"start": "00:51:56", "end": "00:52:01", "text": "because I don't want to get too spread"}, {"start": "00:51:59", "end": "00:52:02", "text": "uh thin. I don't want to get too spread"}, {"start": "00:52:01", "end": "00:52:06", "text": "thin across a bunch of different"}, {"start": "00:52:02", "end": "00:52:08", "text": "projects. You know what? I wonder if we"}, {"start": "00:52:06", "end": "00:52:10", "text": "have ran this thing through the analysis"}, {"start": "00:52:08", "end": "00:52:12", "text": "robot here. I'm going to give the robot"}, {"start": "00:52:10", "end": "00:52:14", "text": "fetch just to give a clean analysis on"}, {"start": "00:52:12", "end": "00:52:17", "text": "it because the chart is intriguing to me"}, {"start": "00:52:14", "end": "00:52:20", "text": "just from the higher lows and higher"}, {"start": "00:52:17", "end": "00:52:22", "text": "highs perspective. But then you combine"}, {"start": "00:52:20", "end": "00:52:25", "text": "what's going on with Betensor, what's"}, {"start": "00:52:22", "end": "00:52:28", "text": "going on with Near and rebrands usually"}, {"start": "00:52:25", "end": "00:52:30", "text": "end up going poorly. That's another"}, {"start": "00:52:28", "end": "00:52:33", "text": "thing that plays into this is there's a"}, {"start": "00:52:30", "end": "00:52:36", "text": "rebrand after this amazing bull market"}, {"start": "00:52:33", "end": "00:52:38", "text": "high of $3.40 for the Fetch token. Now"}, {"start": "00:52:36", "end": "00:52:41", "text": "it's called artificial super"}, {"start": "00:52:38", "end": "00:52:44", "text": "intelligence. But now that I think about"}, {"start": "00:52:41", "end": "00:52:46", "text": "it, Kelly, they fran the super"}, {"start": "00:52:44", "end": "00:52:49", "text": "intelligence tagline because we're, you"}, {"start": "00:52:46", "end": "00:52:51", "text": "know, Trump, he just changed it up. Now"}, {"start": "00:52:49", "end": "00:52:56", "text": "it's all super intelligence and it's"}, {"start": "00:52:51", "end": "00:52:59", "text": "already got it going for it. Um,"}, {"start": "00:52:56", "end": "00:53:01", "text": ">> Gavin Newton made a executive order for"}, {"start": "00:52:59", "end": "00:53:02", "text": "California that it can only be called"}, {"start": "00:53:01", "end": "00:53:04", "text": "AI."}, {"start": "00:53:02", "end": "00:53:05", "text": ">> Oh my gosh. Uh, did he really?"}, {"start": "00:53:04", "end": "00:53:05", "text": ">> Yeah."}, {"start": "00:53:05", "end": "00:53:06", "text": ">> Really?"}, {"start": "00:53:05", "end": "00:53:08", "text": ">> Yeah. after"}, {"start": "00:53:06", "end": "00:53:10", "text": ">> I I don't feel like"}, {"start": "00:53:08", "end": "00:53:12", "text": ">> I don't feel like California is a real"}, {"start": "00:53:10", "end": "00:53:14", "text": "place. I just don't feel like it's a"}, {"start": "00:53:12", "end": "00:53:15", "text": "real place. Like I know people visit"}, {"start": "00:53:14", "end": "00:53:18", "text": "there. I played a couple shows. I played"}, {"start": "00:53:15", "end": "00:53:21", "text": "a show on the Queen Mary where I"}, {"start": "00:53:18", "end": "00:53:24", "text": "wrestled a bear once opened for me. That"}, {"start": "00:53:21", "end": "00:53:28", "text": "was like whoa, you know, cuz I love that"}, {"start": "00:53:24", "end": "00:53:31", "text": "band. And California,"}, {"start": "00:53:28", "end": "00:53:34", "text": "super high prices, delicious food,"}, {"start": "00:53:31", "end": "00:53:36", "text": "incredible Mexican food. And I'm a"}, {"start": "00:53:34", "end": "00:53:37", "text": "foodie, so they had my heart when it"}, {"start": "00:53:36", "end": "00:53:38", "text": "comes to and you know, maybe my"}, {"start": "00:53:37", "end": "00:53:42", "text": "cholesterol, too. When it comes to"}, {"start": "00:53:38", "end": "00:53:44", "text": "Mexican food, absolutely delicious."}, {"start": "00:53:42", "end": "00:53:45", "text": "Politics, all that stuff. It just is"}, {"start": "00:53:44", "end": "00:53:47", "text": "very odd. I would say if you're in"}, {"start": "00:53:45", "end": "00:53:50", "text": "California, you're having a hard time"}, {"start": "00:53:47", "end": "00:53:52", "text": "raising a family, just leave. Just go to"}, {"start": "00:53:50", "end": "00:53:53", "text": "the Midwest or something, go to one of"}, {"start": "00:53:52", "end": "00:53:56", "text": "those flyover states. There's houses"}, {"start": "00:53:53", "end": "00:53:59", "text": "that are selling for $80,000 in Ohio,"}, {"start": "00:53:56", "end": "00:54:02", "text": "right? in a decent neighborhood. So, you"}, {"start": "00:53:59", "end": "00:54:06", "text": "can find a new situation and uh a"}, {"start": "00:54:02", "end": "00:54:10", "text": "prosperous situation, but uh well,"}, {"start": "00:54:06", "end": "00:54:12", "text": "people live here. Is cryptonati in"}, {"start": "00:54:10", "end": "00:54:14", "text": "is is he was talking about Trump talking"}, {"start": "00:54:12", "end": "00:54:18", "text": "about invading California or something?"}, {"start": "00:54:14", "end": "00:54:19", "text": "Um well, yeah, Drew, I Drew, you spent"}, {"start": "00:54:18", "end": "00:54:21", "text": "all summer [�__�] on Abacks. Now you"}, {"start": "00:54:19", "end": "00:54:24", "text": "want to look at it. Yes, because it's"}, {"start": "00:54:21", "end": "00:54:26", "text": "came back over 10 bucks. Yes. Made a lot"}, {"start": "00:54:24", "end": "00:54:27", "text": "of money off of Avalanche. Actually, now"}, {"start": "00:54:26", "end": "00:54:28", "text": "that you mention it, I want to go look"}, {"start": "00:54:27", "end": "00:54:30", "text": "at the avalanche chart myself here"}, {"start": "00:54:28", "end": "00:54:32", "text": "because this is one that I was able to"}, {"start": "00:54:30", "end": "00:54:36", "text": "get like new buildings from last bull"}, {"start": "00:54:32", "end": "00:54:37", "text": "market. And uh the buy points were"}, {"start": "00:54:36", "end": "00:54:41", "text": "literally right where we're at right now"}, {"start": "00:54:37", "end": "00:54:44", "text": "at the $101 mark right here. So, seeing"}, {"start": "00:54:41", "end": "00:54:45", "text": "it overcome this shelf. MACD staying"}, {"start": "00:54:44", "end": "00:54:47", "text": "strong on the week. Let's look at what"}, {"start": "00:54:45", "end": "00:54:50", "text": "the daily looks like."}, {"start": "00:54:47", "end": "00:54:52", "text": "Very weak downturn. God, I wanted to see"}, {"start": "00:54:50", "end": "00:54:55", "text": "more of a downturn this. It's a good"}, {"start": "00:54:52", "end": "00:54:57", "text": "sign. It's a good sign. And another"}, {"start": "00:54:55", "end": "00:55:00", "text": "thing, uh, just to answer your highlight"}, {"start": "00:54:57", "end": "00:55:02", "text": "here, official plebs, the leadership"}, {"start": "00:55:00", "end": "00:55:04", "text": "that was in place at Avalanche that"}, {"start": "00:55:02", "end": "00:55:07", "text": "caused me to dislike it so much from the"}, {"start": "00:55:04", "end": "00:55:10", "text": "extraction is gone. So, it's got it's"}, {"start": "00:55:07", "end": "00:55:13", "text": "cleaned up the leadership and I liked"}, {"start": "00:55:10", "end": "00:55:15", "text": "seeing that a lot. So, generally"}, {"start": "00:55:13", "end": "00:55:18", "text": "speaking, as long as we're bouncing off"}, {"start": "00:55:15", "end": "00:55:21", "text": "the $10 mark on AVAC, we're we're clear."}, {"start": "00:55:18", "end": "00:55:24", "text": "We're clean. We're in the good. Uh, this"}, {"start": "00:55:21", "end": "00:55:28", "text": "main volume node comes at around $910."}, {"start": "00:55:24", "end": "00:55:30", "text": "But honestly, yeah, I don't I don't hate"}, {"start": "00:55:28", "end": "00:55:32", "text": "it. I mean, should I hate I don't hate"}, {"start": "00:55:30", "end": "00:55:35", "text": "this. I don't hate this because the"}, {"start": "00:55:32", "end": "00:55:37", "text": "leadership is gone that I disliked and"}, {"start": "00:55:35", "end": "00:55:39", "text": "the price did not have to go down to"}, {"start": "00:55:37", "end": "00:55:43", "text": "that extreme release level alltime low"}, {"start": "00:55:39", "end": "00:55:44", "text": "at $5. Instead, we found that bounce and"}, {"start": "00:55:43", "end": "00:55:46", "text": "the general alt market. I mean, it's"}, {"start": "00:55:44", "end": "00:55:50", "text": "nothing that I'm I'm not going to hold"}, {"start": "00:55:46", "end": "00:55:52", "text": "Avac for any longer than two years if I"}, {"start": "00:55:50", "end": "00:55:55", "text": "do end up moving into it. This is one"}, {"start": "00:55:52", "end": "00:55:56", "text": "going to be one that I send it. Uh,"}, {"start": "00:55:55", "end": "00:55:58", "text": "shout out to all the permables and"}, {"start": "00:55:56", "end": "00:56:00", "text": "foodies. Thanks for the great content,"}, {"start": "00:55:58", "end": "00:56:02", "text": "guys. I am a foodie. And you know what?"}, {"start": "00:56:00", "end": "00:56:04", "text": "When I went to stay with you, Kelly, in"}, {"start": "00:56:02", "end": "00:56:07", "text": "Vegas, one of the best food experiences"}, {"start": "00:56:04", "end": "00:56:09", "text": "of my life. I got to say, Kelly, you're"}, {"start": "00:56:07", "end": "00:56:10", "text": "an incredible chef. The butter, what was"}, {"start": "00:56:09", "end": "00:56:12", "text": "that butter you put on the steak? What"}, {"start": "00:56:10", "end": "00:56:15", "text": "the hell was that?"}, {"start": "00:56:12", "end": "00:56:17", "text": "Oh, I just my own little concoction. Uh,"}, {"start": "00:56:15", "end": "00:56:19", "text": "yeah, I make a little kind of like"}, {"start": "00:56:17", "end": "00:56:22", "text": "butter sauce with olive oil and wister"}, {"start": "00:56:19", "end": "00:56:24", "text": "and a little soy and lemon."}, {"start": "00:56:22", "end": "00:56:26", "text": ">> Okay. I need to know because I miss it"}, {"start": "00:56:24", "end": "00:56:28", "text": "honestly. Like I make my own steaks and"}, {"start": "00:56:26", "end": "00:56:30", "text": "I use garlic butter and uh you know my"}, {"start": "00:56:28", "end": "00:56:33", "text": "own concoction. But god that was a good"}, {"start": "00:56:30", "end": "00:56:35", "text": "um yeah AVAC"}, {"start": "00:56:33", "end": "00:56:39", "text": "as long as they can keep driving home"}, {"start": "00:56:35", "end": "00:56:43", "text": "the RWA focus keep bad leadership from"}, {"start": "00:56:39", "end": "00:56:45", "text": "making new entries into this uh you know"}, {"start": "00:56:43", "end": "00:56:47", "text": "basic organization. I think this bull"}, {"start": "00:56:45", "end": "00:56:51", "text": "market will look pretty decent for it."}, {"start": "00:56:47", "end": "00:56:53", "text": "And honestly, as I showed on Near with"}, {"start": "00:56:51", "end": "00:56:55", "text": "these downward trend lines that just"}, {"start": "00:56:53", "end": "00:56:58", "text": "seem to be the new ceilings for a lot of"}, {"start": "00:56:55", "end": "00:57:01", "text": "these altcoins, AVAC is very close from"}, {"start": "00:56:58", "end": "00:57:05", "text": "breaking out of its downward trend line,"}, {"start": "00:57:01", "end": "00:57:07", "text": "which sits at around 1350 right now. So,"}, {"start": "00:57:05", "end": "00:57:10", "text": "it's kind of making me a little excited."}, {"start": "00:57:07", "end": "00:57:12", "text": "I I'm not going to lie. I'm actually now"}, {"start": "00:57:10", "end": "00:57:15", "text": "taking this chart much much more"}, {"start": "00:57:12", "end": "00:57:17", "text": "seriously. Um, and I don't hate to to be"}, {"start": "00:57:15", "end": "00:57:19", "text": "excited about it again because it made"}, {"start": "00:57:17", "end": "00:57:20", "text": "me a lot of money last bull market. I"}, {"start": "00:57:19", "end": "00:57:23", "text": "want it to do well. I want the people"}, {"start": "00:57:20", "end": "00:57:25", "text": "that hold that token to do well. Um, so"}, {"start": "00:57:23", "end": "00:57:27", "text": "good on them. Good on them. Unis swap."}, {"start": "00:57:25", "end": "00:57:28", "text": "Back to that plan. You know, I'm fine."}, {"start": "00:57:27", "end": "00:57:30", "text": "Literally, I'm probably going to be"}, {"start": "00:57:28", "end": "00:57:32", "text": "buying unis swap. Uniswap's probably the"}, {"start": "00:57:30", "end": "00:57:36", "text": "one I'm going to be buying today with"}, {"start": "00:57:32", "end": "00:57:38", "text": "decent size. And then aerodrome. I don't"}, {"start": "00:57:36", "end": "00:57:42", "text": "hate moving in with some size on"}, {"start": "00:57:38", "end": "00:57:44", "text": "aerodrome in the high 70s mark. I don't"}, {"start": "00:57:42", "end": "00:57:48", "text": "hate that. It'd be great if we could get"}, {"start": "00:57:44", "end": "00:57:50", "text": "the uh you know high 60 60 cent region"}, {"start": "00:57:48", "end": "00:57:51", "text": "tested on Aer Drrome, but unis swap's"}, {"start": "00:57:50", "end": "00:57:54", "text": "actually the one that's on my mind first"}, {"start": "00:57:51", "end": "00:57:55", "text": "and foremost and near near aerodyome and"}, {"start": "00:57:54", "end": "00:57:57", "text": "unis swap. You know, I'm kind of giving"}, {"start": "00:57:55", "end": "00:57:58", "text": "away all the goods right now. But I'm"}, {"start": "00:57:57", "end": "00:58:00", "text": "excited. These are the times that I get"}, {"start": "00:57:58", "end": "00:58:03", "text": "excited when we're seeing a little bit"}, {"start": "00:58:00", "end": "00:58:05", "text": "of a dump. See who's being uh battle"}, {"start": "00:58:03", "end": "00:58:07", "text": "tested and see who's actually been"}, {"start": "00:58:05", "end": "00:58:09", "text": "swimming naked. Right. So, and this is a"}, {"start": "00:58:07", "end": "00:58:11", "text": "good post."}, {"start": "00:58:09", "end": "00:58:13", "text": "Everyone wants clear tokconomics with a"}, {"start": "00:58:11", "end": "00:58:16", "text": "significant buybacks and no sell"}, {"start": "00:58:13", "end": "00:58:18", "text": "pressure from teams and investors having"}, {"start": "00:58:16", "end": "00:58:22", "text": "their unlocks hit their hot little"}, {"start": "00:58:18", "end": "00:58:24", "text": "hands. So Jupiter, Stonk, Radium,"}, {"start": "00:58:22", "end": "00:58:25", "text": "Uniswap, and Pawns are some of the"}, {"start": "00:58:24", "end": "00:58:27", "text": "clearest examples right now. And Stonk"}, {"start": "00:58:25", "end": "00:58:29", "text": "is something we got to, you know, I know"}, {"start": "00:58:27", "end": "00:58:31", "text": "I highlighted it a while ago. I think"}, {"start": "00:58:29", "end": "00:58:33", "text": "price ran after I mentioned it, not"}, {"start": "00:58:31", "end": "00:58:34", "text": "because I mentioned it, but just because"}, {"start": "00:58:33", "end": "00:58:38", "text": "it's the right thing to be paying"}, {"start": "00:58:34", "end": "00:58:39", "text": "attention to. Pawns is another one that"}, {"start": "00:58:38", "end": "00:58:43", "text": "I probably need to pull up the chart on."}, {"start": "00:58:39", "end": "00:58:45", "text": "And Hyperlid, it has zero. Hyperlid has"}, {"start": "00:58:43", "end": "00:58:47", "text": "zero unlocks, but its buybacks are"}, {"start": "00:58:45", "end": "00:58:50", "text": "massive enough to offset them. The"}, {"start": "00:58:47", "end": "00:58:53", "text": "biggest in crypto. And now I want to ask"}, {"start": "00:58:50", "end": "00:58:55", "text": "the chat and you, Kelly, buybacks. These"}, {"start": "00:58:53", "end": "00:58:58", "text": "are tokens that have buybacks with zero"}, {"start": "00:58:55", "end": "00:59:00", "text": "unlocks. Jup, ston, radium, unis swap,"}, {"start": "00:58:58", "end": "00:59:02", "text": "pawns, and hype. I already answered this"}, {"start": "00:59:00", "end": "00:59:05", "text": "myself. I'm going after unis swap today."}, {"start": "00:59:02", "end": "00:59:06", "text": "I already have hype. Any of these"}, {"start": "00:59:05", "end": "00:59:09", "text": "projects entice you right now, Kelly,"}, {"start": "00:59:06", "end": "00:59:12", "text": "from where their charts are at?"}, {"start": "00:59:09", "end": "00:59:14", "text": ">> Uh, UniS swap and hype."}, {"start": "00:59:12", "end": "00:59:15", "text": ">> UniS swap and hype. Okay."}, {"start": "00:59:14", "end": "00:59:18", "text": ">> Yeah. And that's just partially"}, {"start": "00:59:15", "end": "00:59:21", "text": "partially it's the charts. Partially"}, {"start": "00:59:18", "end": "00:59:23", "text": "it's uh I'm not for whatever reason."}, {"start": "00:59:21", "end": "00:59:25", "text": "This is nothing against these other"}, {"start": "00:59:23", "end": "00:59:26", "text": "ones, but I I I don't really have any"}, {"start": "00:59:25", "end": "00:59:27", "text": "interest in Radium. I don't really have"}, {"start": "00:59:26", "end": "00:59:29", "text": "any interest in Jupiter. I don't have"}, {"start": "00:59:27", "end": "00:59:31", "text": "any interest in Stock. And it has"}, {"start": "00:59:29", "end": "00:59:33", "text": "nothing to do with them being good or"}, {"start": "00:59:31", "end": "00:59:35", "text": "bad projects. It's just, you know, I"}, {"start": "00:59:33", "end": "00:59:37", "text": "have my focuses of what my goals are in"}, {"start": "00:59:35", "end": "00:59:38", "text": "my portfolio and th those don't really"}, {"start": "00:59:37", "end": "00:59:40", "text": "fit."}, {"start": "00:59:38", "end": "00:59:43", "text": ">> Yeah. Mhm. That's fair enough. And the"}, {"start": "00:59:40", "end": "00:59:45", "text": "ston it's it's kind of like it's stonf"}, {"start": "00:59:43", "end": "00:59:48", "text": "fun.xyz and it's coming to an"}, {"start": "00:59:45", "end": "00:59:50", "text": "interesting point where it ran from"}, {"start": "00:59:48", "end": "00:59:53", "text": "release very aggressively up to around"}, {"start": "00:59:50", "end": "00:59:54", "text": "40 cents and it's since crash it ran up"}, {"start": "00:59:53", "end": "00:59:56", "text": "by 3,600%."}, {"start": "00:59:54", "end": "00:59:59", "text": "So it caught people's attention. Now"}, {"start": "00:59:56", "end": "01:00:02", "text": "it's pulled back by 50% and this is the"}, {"start": "00:59:59", "end": "01:00:06", "text": "prove it point. So, you know, and this"}, {"start": "01:00:02", "end": "01:00:11", "text": "is hyper hyper risky play here. Uh the"}, {"start": "01:00:06", "end": "01:00:13", "text": "market cap is uh around $145 million."}, {"start": "01:00:11", "end": "01:00:15", "text": "So, very small market cap, hyper risk"}, {"start": "01:00:13", "end": "01:00:17", "text": "play. But I found this post very"}, {"start": "01:00:15", "end": "01:00:21", "text": "interesting about these tokens that have"}, {"start": "01:00:17", "end": "01:00:23", "text": "buybacks with zero unlocks. And I agree,"}, {"start": "01:00:21", "end": "01:00:25", "text": "Uniswap and Hype are the very first and"}, {"start": "01:00:23", "end": "01:00:30", "text": "foremost on my mind. Radium right behind"}, {"start": "01:00:25", "end": "01:00:33", "text": "it. Um but the DeFi sector in Salana,"}, {"start": "01:00:30", "end": "01:00:37", "text": "we'll see how fast and how how heavy it"}, {"start": "01:00:33", "end": "01:00:39", "text": "can expand. I think Salana"}, {"start": "01:00:37", "end": "01:00:41", "text": "it it's coming to the point where it's"}, {"start": "01:00:39", "end": "01:00:46", "text": "covered the memecoin like hyper gambler"}, {"start": "01:00:41", "end": "01:00:48", "text": "sector very well with pump fun. AI agent"}, {"start": "01:00:46", "end": "01:00:50", "text": "infrastructure is being built on it as"}, {"start": "01:00:48", "end": "01:00:53", "text": "well. It's now also got its foot in the"}, {"start": "01:00:50", "end": "01:00:56", "text": "realm of RWAs"}, {"start": "01:00:53", "end": "01:00:58", "text": "and then the DeFi sector, you know, but"}, {"start": "01:00:56", "end": "01:01:00", "text": "I have seen a consolidation within the"}, {"start": "01:00:58", "end": "01:01:02", "text": "DeFi sector that looks like it's"}, {"start": "01:01:00", "end": "01:01:04", "text": "basically migrating to Radium out of"}, {"start": "01:01:02", "end": "01:01:08", "text": "Marinade and a lot of different other"}, {"start": "01:01:04", "end": "01:01:10", "text": "ones. Um, I think I got to I got to stay"}, {"start": "01:01:08", "end": "01:01:12", "text": "with your answer. I mean, my obvious one"}, {"start": "01:01:10", "end": "01:01:16", "text": "that I'm buying today is Uniswap, but"}, {"start": "01:01:12", "end": "01:01:18", "text": "Hyperlid I want to add to this position."}, {"start": "01:01:16", "end": "01:01:20", "text": "It's been running really hard and it's"}, {"start": "01:01:18", "end": "01:01:23", "text": "been running so much it's kind of"}, {"start": "01:01:20", "end": "01:01:25", "text": "aggravating how high Hyperlid's been"}, {"start": "01:01:23", "end": "01:01:26", "text": "going, right? I think we went into the"}, {"start": "01:01:25", "end": "01:01:29", "text": "80s today with this"}, {"start": "01:01:26", "end": "01:01:31", "text": ">> give me $60 hype, please."}, {"start": "01:01:29", "end": "01:01:33", "text": ">> I know. I know. Well, $60 go. I don't"}, {"start": "01:01:31", "end": "01:01:34", "text": "know about that's that trend line."}, {"start": "01:01:33", "end": "01:01:36", "text": "You're looking for this trend line to"}, {"start": "01:01:34", "end": "01:01:38", "text": "get tapped. No, I'm just saying I was"}, {"start": "01:01:36", "end": "01:01:39", "text": "just yelling out a very big pullback"}, {"start": "01:01:38", "end": "01:01:42", "text": "number, but somewhere [laughter]"}, {"start": "01:01:39", "end": "01:01:45", "text": "somewhere somewhere in like the low 70s,"}, {"start": "01:01:42", "end": "01:01:46", "text": "mid mid to low 70s would be awesome,"}, {"start": "01:01:45", "end": "01:01:48", "text": ">> you know."}, {"start": "01:01:46", "end": "01:01:50", "text": ">> Golly, I mean, it's not out of question."}, {"start": "01:01:48", "end": "01:01:51", "text": "I wouldn't say it's out of question"}, {"start": "01:01:50", "end": "01:01:52", "text": "because that'd be a bump and run from"}, {"start": "01:01:51", "end": "01:01:54", "text": "this. Uh"}, {"start": "01:01:52", "end": "01:01:55", "text": ">> yeah, previous range high,"}, {"start": "01:01:54", "end": "01:01:57", "text": ">> right? Previous range high there. I"}, {"start": "01:01:55", "end": "01:02:00", "text": "that's not out of question. I wouldn't"}, {"start": "01:01:57", "end": "01:02:03", "text": "think. Um, I already built a good bag of"}, {"start": "01:02:00", "end": "01:02:07", "text": "this, so really I'm just looking for a"}, {"start": "01:02:03", "end": "01:02:12", "text": "mid70s $74, $75 hyperlquid to keep"}, {"start": "01:02:07", "end": "01:02:14", "text": "adding to the position. Um, but man,"}, {"start": "01:02:12", "end": "01:02:18", "text": "this one is just really setting the the"}, {"start": "01:02:14", "end": "01:02:20", "text": "pace for what altcoins want their charts"}, {"start": "01:02:18", "end": "01:02:22", "text": "to look like right now. A huge hat off"}, {"start": "01:02:20", "end": "01:02:23", "text": "to uh Hyperliquid here, and we're in a"}, {"start": "01:02:22", "end": "01:02:27", "text": "good situation, right? And I already"}, {"start": "01:02:23", "end": "01:02:30", "text": "covered why I feel hardsidedly that we"}, {"start": "01:02:27", "end": "01:02:32", "text": "are entering a phase of bull markets"}, {"start": "01:02:30", "end": "01:02:34", "text": "that"}, {"start": "01:02:32", "end": "01:02:36", "text": "no one can really know the exact top two"}, {"start": "01:02:34", "end": "01:02:38", "text": "because we're literally tokenizing the"}, {"start": "01:02:36", "end": "01:02:41", "text": "stock market in this process, right? So"}, {"start": "01:02:38", "end": "01:02:44", "text": "there is no telling on, you know, let's"}, {"start": "01:02:41", "end": "01:02:47", "text": "say they they do mortgage lending on"}, {"start": "01:02:44", "end": "01:02:49", "text": "hyperlquid through hype. God only knows"}, {"start": "01:02:47", "end": "01:02:51", "text": "where that chart ends up going, right?"}, {"start": "01:02:49", "end": "01:02:53", "text": "Um here's a good question here. What are"}, {"start": "01:02:51", "end": "01:02:55", "text": "these current? What is this current? N"}, {"start": "01:02:53", "end": "01:02:58", "text": ">> Norwegian croner."}, {"start": "01:02:55", "end": "01:03:00", "text": ">> Norwegian. All right. We get along way"}, {"start": "01:02:58", "end": "01:03:01", "text": "better. I thought you were North Korea."}, {"start": "01:03:00", "end": "01:03:04", "text": "Thought you were North Korea."}, {"start": "01:03:01", "end": "01:03:05", "text": ">> The Norwegian word I know is frustr."}, {"start": "01:03:04", "end": "01:03:06", "text": ">> Yeah. All right."}, {"start": "01:03:05", "end": "01:03:09", "text": ">> Believe in breakfast."}, {"start": "01:03:06", "end": "01:03:11", "text": ">> I like them even more. All right. So, if"}, {"start": "01:03:09", "end": "01:03:15", "text": "you had to get 9 to 10% of the portfolio"}, {"start": "01:03:11", "end": "01:03:17", "text": "exposure on Salana, Uniswap, or Avac,"}, {"start": "01:03:15", "end": "01:03:20", "text": "which one do you choose? I bought a"}, {"start": "01:03:17", "end": "01:03:23", "text": "after your views on an earlier video."}, {"start": "01:03:20", "end": "01:03:25", "text": "Okay, great. So, we're both in on a and"}, {"start": "01:03:23", "end": "01:03:29", "text": "that a video is right at around 90"}, {"start": "01:03:25", "end": "01:03:33", "text": "bucks, 85 bucks. That one's already 2xed"}, {"start": "01:03:29", "end": "01:03:36", "text": "and I do see, you know, for a 130 140"}, {"start": "01:03:33", "end": "01:03:38", "text": "would be awesome to add to, but to"}, {"start": "01:03:36", "end": "01:03:40", "text": "answer your question, I already own"}, {"start": "01:03:38", "end": "01:03:43", "text": "Salana in a pretty big chunk. I really"}, {"start": "01:03:40", "end": "01:03:46", "text": "hammered Salana in the mid70s. So me"}, {"start": "01:03:43", "end": "01:03:48", "text": "personally, I'm hammering Uniswap"}, {"start": "01:03:46", "end": "01:03:51", "text": "because I don't own that project and"}, {"start": "01:03:48", "end": "01:03:53", "text": "I've seen some tokconomic changes to it,"}, {"start": "01:03:51", "end": "01:03:56", "text": "some token governance changes that make"}, {"start": "01:03:53", "end": "01:03:58", "text": "me very very bullish on it. So to answer"}, {"start": "01:03:56", "end": "01:04:01", "text": "that, I'm I'm going with the unis swap."}, {"start": "01:03:58", "end": "01:04:04", "text": "You know, again, you know, I feel like"}, {"start": "01:04:01", "end": "01:04:07", "text": "unis swap is one of the better deals um"}, {"start": "01:04:04", "end": "01:04:10", "text": "that we're seeing today. Um you know,"}, {"start": "01:04:07", "end": "01:04:12", "text": "maybe it goes over $9 by tomorrow. I"}, {"start": "01:04:10", "end": "01:04:13", "text": "don't know. But today, I know what I'm"}, {"start": "01:04:12", "end": "01:04:17", "text": "doing. And I got some dry powder, some"}, {"start": "01:04:13", "end": "01:04:19", "text": "tether. It's going into unis swap. And"}, {"start": "01:04:17", "end": "01:04:23", "text": "you know, I have some frontline Bitcoin,"}, {"start": "01:04:19", "end": "01:04:26", "text": "a pretty decent amount that is also"}, {"start": "01:04:23", "end": "01:04:27", "text": "ready to deploy and convert into the"}, {"start": "01:04:26", "end": "01:04:29", "text": "altcoin sector, but I'm going to be more"}, {"start": "01:04:27", "end": "01:04:31", "text": "cautious about that until I see some"}, {"start": "01:04:29", "end": "01:04:33", "text": "confirmations"}, {"start": "01:04:31", "end": "01:04:35", "text": "on the others to Bitcoin chart. That's"}, {"start": "01:04:33", "end": "01:04:36", "text": "what I want to see in terms of that. So,"}, {"start": "01:04:35", "end": "01:04:37", "text": "we're in a good zone. Kelly, it was"}, {"start": "01:04:36", "end": "01:04:40", "text": "awesome having you on here. You're the"}, {"start": "01:04:37", "end": "01:04:43", "text": "crypto Moby, Moby of Crypto joining me"}, {"start": "01:04:40", "end": "01:04:45", "text": "on the show today. Um, so we had a great"}, {"start": "01:04:43", "end": "01:04:46", "text": "school call, great great school call"}, {"start": "01:04:45", "end": "01:04:49", "text": "coming up."}, {"start": "01:04:46", "end": "01:04:52", "text": ">> It's Wednesday, today at 2:00 p.m."}, {"start": "01:04:49", "end": "01:04:53", "text": "Eastern Standard Time. And today is"}, {"start": "01:04:52", "end": "01:04:56", "text": "going to be a very interesting"}, {"start": "01:04:53", "end": "01:04:58", "text": "conversation in school because it it has"}, {"start": "01:04:56", "end": "01:05:01", "text": "come quicker than I thought it would"}, {"start": "01:04:58", "end": "01:05:05", "text": "come. But the tangible question of when"}, {"start": "01:05:01", "end": "01:05:07", "text": "to take profits is upon us. So profit"}, {"start": "01:05:05", "end": "01:05:09", "text": "taking discussion is happening today,"}, {"start": "01:05:07", "end": "01:05:10", "text": "2:00 p.m. Eastern Standard Time inside"}, {"start": "01:05:09", "end": "01:05:12", "text": "of school. If you're signed up, make"}, {"start": "01:05:10", "end": "01:05:14", "text": "sure that you don't miss it. If you do"}, {"start": "01:05:12", "end": "01:05:15", "text": "have to miss it, it's fine. We'll have"}, {"start": "01:05:14", "end": "01:05:17", "text": "it recorded, but there's nothing like"}, {"start": "01:05:15", "end": "01:05:19", "text": "having you guys live in there. And if"}, {"start": "01:05:17", "end": "01:05:21", "text": "you not in school,"}, {"start": "01:05:19", "end": "01:05:22", "text": ">> just so everybody knows, it's a little"}, {"start": "01:05:21", "end": "01:05:24", "text": "bit of a two-parter."}, {"start": "01:05:22", "end": "01:05:25", "text": ">> It's not taking profits to exit the"}, {"start": "01:05:24", "end": "01:05:28", "text": "market."}, {"start": "01:05:25", "end": "01:05:29", "text": ">> It's if you're in a trade, how are you"}, {"start": "01:05:28", "end": "01:05:31", "text": "identifying to take a profit on the"}, {"start": "01:05:29", "end": "01:05:33", "text": "trade? What do you do with that profit?"}, {"start": "01:05:31", "end": "01:05:34", "text": "But then also your bigger position"}, {"start": "01:05:33", "end": "01:05:37", "text": "because remember last week we did spot"}, {"start": "01:05:34", "end": "01:05:38", "text": "versus leverage, right? So spot, you're"}, {"start": "01:05:37", "end": "01:05:40", "text": "trading a longer term. leverage, you're"}, {"start": "01:05:38", "end": "01:05:42", "text": "trading much quicker. So, both of those"}, {"start": "01:05:40", "end": "01:05:44", "text": "have different profit taking strategies."}, {"start": "01:05:42", "end": "01:05:46", "text": "The leverage one, you're rotating a lot"}, {"start": "01:05:44", "end": "01:05:47", "text": "of those profits into your your larger"}, {"start": "01:05:46", "end": "01:05:49", "text": "holdings for longer periods of time, but"}, {"start": "01:05:47", "end": "01:05:52", "text": "you still need to figure out what your"}, {"start": "01:05:49", "end": "01:05:54", "text": "exit strategy is months down the line."}, {"start": "01:05:52", "end": "01:05:56", "text": "You need to know what it is now so you"}, {"start": "01:05:54", "end": "01:05:59", "text": "can you can follow a regiment versus"}, {"start": "01:05:56", "end": "01:06:01", "text": "buying or selling, especially selling"}, {"start": "01:05:59", "end": "01:06:04", "text": "out because uh you're not sure what to"}, {"start": "01:06:01", "end": "01:06:05", "text": "do or you fail to sell and the market"}, {"start": "01:06:04", "end": "01:06:07", "text": "completely reverses on you and you"}, {"start": "01:06:05", "end": "01:06:09", "text": "completely roundtrip the cycle yet"}, {"start": "01:06:07", "end": "01:06:11", "text": "again. So, we want to make sure you all"}, {"start": "01:06:09", "end": "01:06:13", "text": "are very prepared on the way up and then"}, {"start": "01:06:11", "end": "01:06:14", "text": "also before we get there, what to do to"}, {"start": "01:06:13", "end": "01:06:16", "text": "to to exit."}, {"start": "01:06:14", "end": "01:06:18", "text": ">> Absolutely. And I just would say if"}, {"start": "01:06:16", "end": "01:06:20", "text": "you've been on the fence about seeing"}, {"start": "01:06:18", "end": "01:06:22", "text": "what we're up to, the crazy thing is"}, {"start": "01:06:20", "end": "01:06:24", "text": "that we have to have a conversation"}, {"start": "01:06:22", "end": "01:06:27", "text": "about taking profits already. All based"}, {"start": "01:06:24", "end": "01:06:30", "text": "off of hard-sided analysis, open"}, {"start": "01:06:27", "end": "01:06:32", "text": "discussions, and bottom blasting like no"}, {"start": "01:06:30", "end": "01:06:35", "text": "one has ever seen inside of that school"}, {"start": "01:06:32", "end": "01:06:37", "text": "at the $60,000 region for Bitcoin and a"}, {"start": "01:06:35", "end": "01:06:38", "text": "lot of the top performing altcoins that"}, {"start": "01:06:37", "end": "01:06:40", "text": "you've seen running up by hundreds of"}, {"start": "01:06:38", "end": "01:06:42", "text": "percent over the last few months. That's"}, {"start": "01:06:40", "end": "01:06:45", "text": "why the profit taking discussion is even"}, {"start": "01:06:42", "end": "01:06:47", "text": "occurring. So, I know that everyone that"}, {"start": "01:06:45", "end": "01:06:49", "text": "joined us and took the leap of faith"}, {"start": "01:06:47", "end": "01:06:51", "text": "with us is already sitting in a massive"}, {"start": "01:06:49", "end": "01:06:53", "text": "amount of upside right now. And I would"}, {"start": "01:06:51", "end": "01:06:55", "text": "implore you if you've been thinking"}, {"start": "01:06:53", "end": "01:06:57", "text": "about it, you can try it out for free"}, {"start": "01:06:55", "end": "01:06:59", "text": "for 7 days. See if it's for you. This is"}, {"start": "01:06:57", "end": "01:07:01", "text": "where the lifeblood of my heart and soul"}, {"start": "01:06:59", "end": "01:07:03", "text": "is making sure that you guys have a"}, {"start": "01:07:01", "end": "01:07:05", "text": "honest, decent compass to how to"}, {"start": "01:07:03", "end": "01:07:06", "text": "navigate this crazy crypto market"}, {"start": "01:07:05", "end": "01:07:08", "text": "because I'm not going to say it's easy."}, {"start": "01:07:06", "end": "01:07:10", "text": "It's not. It's not easy to navigate the"}, {"start": "01:07:08", "end": "01:07:12", "text": "altcoin sector. Bitcoin is very easy to"}, {"start": "01:07:10", "end": "01:07:14", "text": "navigate in comparison to all coins. I'd"}, {"start": "01:07:12", "end": "01:07:16", "text": "say we"}, {"start": "01:07:14", "end": "01:07:19", "text": ">> I think it's important also to to remind"}, {"start": "01:07:16", "end": "01:07:21", "text": "people school is not just hey you don't"}, {"start": "01:07:19", "end": "01:07:23", "text": "know anything about the crypto market"}, {"start": "01:07:21", "end": "01:07:25", "text": "come and start from scratch. Now we have"}, {"start": "01:07:23", "end": "01:07:27", "text": "all of that material. It's also for"}, {"start": "01:07:25", "end": "01:07:29", "text": "people that have been in the market for"}, {"start": "01:07:27", "end": "01:07:31", "text": "10 years and want to sharpen their"}, {"start": "01:07:29", "end": "01:07:34", "text": "skills. But also even separate from any"}, {"start": "01:07:31", "end": "01:07:36", "text": "of that we have a bunch of different uh"}, {"start": "01:07:34", "end": "01:07:40", "text": "basically tools and tool sets. Uh, in"}, {"start": "01:07:36", "end": "01:07:42", "text": "fact, we have the DC research uh part of"}, {"start": "01:07:40", "end": "01:07:43", "text": "the DC data hub that that's uh that's"}, {"start": "01:07:42", "end": "01:07:44", "text": "gone live and I'm going to be rolling"}, {"start": "01:07:43", "end": "01:07:46", "text": "that out to all of you to show you how"}, {"start": "01:07:44", "end": "01:07:47", "text": "to use it. But there's a portfolio"}, {"start": "01:07:46", "end": "01:07:50", "text": "manager in there for both not just"}, {"start": "01:07:47", "end": "01:07:52", "text": "crypto, but stocks, equities, indexes,"}, {"start": "01:07:50", "end": "01:07:55", "text": "as well as crypto. All you can manage it"}, {"start": "01:07:52", "end": "01:07:58", "text": "all in one portfolio as well as uh these"}, {"start": "01:07:55", "end": "01:08:01", "text": "scorecards as well as market news uh"}, {"start": "01:07:58", "end": "01:08:03", "text": "distilled down to main uh main points,"}, {"start": "01:08:01", "end": "01:08:05", "text": "how to track things, what's coming up in"}, {"start": "01:08:03", "end": "01:08:06", "text": "the markets. Uh there's a lot of"}, {"start": "01:08:05", "end": "01:08:08", "text": "different things here that really"}, {"start": "01:08:06", "end": "01:08:10", "text": "simplifies everything down. So if you"}, {"start": "01:08:08", "end": "01:08:12", "text": "never attend any of the classes and you"}, {"start": "01:08:10", "end": "01:08:13", "text": "just want badass tools, uh you get all"}, {"start": "01:08:12", "end": "01:08:14", "text": "that with the uh with the school"}, {"start": "01:08:13", "end": "01:08:16", "text": "membership."}, {"start": "01:08:14", "end": "01:08:18", "text": ">> Great point. I'm actually really excited"}, {"start": "01:08:16", "end": "01:08:20", "text": "you're rolling out DC research. I didn't"}, {"start": "01:08:18", "end": "01:08:21", "text": "know that. That's an earnest surprise."}, {"start": "01:08:20", "end": "01:08:24", "text": "Well, Kelly, thanks for joining me on"}, {"start": "01:08:21", "end": "01:08:25", "text": "the show, everyone. It's not the end of"}, {"start": "01:08:24", "end": "01:08:27", "text": "the world. This is a bump and run that"}, {"start": "01:08:25", "end": "01:08:29", "text": "we were expecting. How deep it goes is"}, {"start": "01:08:27", "end": "01:08:31", "text": "what we're watching. What projects we're"}, {"start": "01:08:29", "end": "01:08:33", "text": "going to buy while the blood flows is"}, {"start": "01:08:31", "end": "01:08:36", "text": "what we're watching. Stay based. Stay"}, {"start": "01:08:33", "end": "01:08:38", "text": "focused. The bull market is just at its"}, {"start": "01:08:36", "end": "01:08:39", "text": "beginnings. And we'll see you inside of"}, {"start": "01:08:38", "end": "01:08:43", "text": "school 2 p.m. Eastern Standard Time."}, {"start": "01:08:39", "end": "01:08:43", "text": "Take care."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Historically, again, we look at it"}, {"start": "00:00:02", "end": "00:00:05", "text": "historically, this is not a good sign"}, {"start": "00:00:04", "end": "00:00:07", "text": "going forward for the stock market. If"}, {"start": "00:00:05", "end": "00:00:09", "text": "not this year, in the first part of"}, {"start": "00:00:07", "end": "00:00:11", "text": "2027, I think we could see a top in the"}, {"start": "00:00:09", "end": "00:00:13", "text": "stock market. Do you think there's a"}, {"start": "00:00:11", "end": "00:00:15", "text": "high probability, not just not just"}, {"start": "00:00:13", "end": "00:00:18", "text": "possibility, but do you think there's a"}, {"start": "00:00:15", "end": "00:00:18", "text": "high probability of the S&P going to"}, {"start": "00:00:18", "end": "00:00:21", "text": "9,000?"}, {"start": "00:00:18", "end": "00:00:23", "text": ">> Does the stock market have the ability"}, {"start": "00:00:21", "end": "00:00:26", "text": "to still push higher with everything"}, {"start": "00:00:23", "end": "00:00:28", "text": "that's going on?"}, {"start": "00:00:26", "end": "00:00:30", "text": "So Charlie, one of the most interesting"}, {"start": "00:00:28", "end": "00:00:32", "text": "things I'm seeing right now is that, you"}, {"start": "00:00:30", "end": "00:00:34", "text": "know, there are a lot of danger signals"}, {"start": "00:00:32", "end": "00:00:35", "text": "for the markets. Uh, now one thing I do"}, {"start": "00:00:34", "end": "00:00:37", "text": "want to talk about with you in this"}, {"start": "00:00:35", "end": "00:00:39", "text": "video is, you know, given the danger"}, {"start": "00:00:37", "end": "00:00:40", "text": "signals, the warning signs we're seeing"}, {"start": "00:00:39", "end": "00:00:42", "text": "on the market, and I'll show you some of"}, {"start": "00:00:40", "end": "00:00:44", "text": "these charts, uh, in this video, and"}, {"start": "00:00:42", "end": "00:00:46", "text": "we'll discuss it. The question is, does"}, {"start": "00:00:44", "end": "00:00:48", "text": "it mean we're reaching a top this year"}, {"start": "00:00:46", "end": "00:00:51", "text": "in 2026, or does it mean that we might"}, {"start": "00:00:48", "end": "00:00:54", "text": "see a top next year in uh, 2027? For"}, {"start": "00:00:51", "end": "00:00:56", "text": "example, some people are saying that the"}, {"start": "00:00:54", "end": "00:00:58", "text": "S&P could go to 8,000 9,000. Well,"}, {"start": "00:00:56", "end": "00:01:01", "text": "forget 8,000. 8,000 is not far away. But"}, {"start": "00:00:58", "end": "00:01:03", "text": "there are speculations the S&P might go"}, {"start": "00:01:01", "end": "00:01:05", "text": "might even go to 9,000, which is"}, {"start": "00:01:03", "end": "00:01:07", "text": "possible and even probable. But the"}, {"start": "00:01:05", "end": "00:01:09", "text": "question is which is more important"}, {"start": "00:01:07", "end": "00:01:11", "text": "right now, the danger signals or the"}, {"start": "00:01:09", "end": "00:01:12", "text": "more immediate bullish signals?"}, {"start": "00:01:11", "end": "00:01:13", "text": "Something I want to talk about with you."}, {"start": "00:01:12", "end": "00:01:15", "text": "By the way, guys, if this is your first"}, {"start": "00:01:13", "end": "00:01:16", "text": "time watching my videos, for those you"}, {"start": "00:01:15", "end": "00:01:18", "text": "don't know Charlie, he's an experienced"}, {"start": "00:01:16", "end": "00:01:20", "text": "trader for nearly 30 years. And we're"}, {"start": "00:01:18", "end": "00:01:21", "text": "going to discuss the stock market here"}, {"start": "00:01:20", "end": "00:01:22", "text": "in this video. By the way guys, before"}, {"start": "00:01:21", "end": "00:01:23", "text": "we continue, let me just say that"}, {"start": "00:01:22", "end": "00:01:25", "text": "Charlie and I are doing a very important"}, {"start": "00:01:23", "end": "00:01:28", "text": "educational course on trading and"}, {"start": "00:01:25", "end": "00:01:29", "text": "technical analysis. Full details on that"}, {"start": "00:01:28", "end": "00:01:32", "text": "uh will be given on this link you see"}, {"start": "00:01:29", "end": "00:01:33", "text": "here as protradingworkshop.com"}, {"start": "00:01:32", "end": "00:01:34", "text": "and Charlie and I will tell you more"}, {"start": "00:01:33", "end": "00:01:35", "text": "about it at the end of the video."}, {"start": "00:01:34", "end": "00:01:38", "text": "Charlie, I want to talk about with you"}, {"start": "00:01:35", "end": "00:01:40", "text": "about the danger signs. One specific"}, {"start": "00:01:38", "end": "00:01:42", "text": "danger sign which I'm seeing right now"}, {"start": "00:01:40", "end": "00:01:43", "text": "are junk bonds. Do you look at junk"}, {"start": "00:01:42", "end": "00:01:45", "text": "bonds just out of curiosity, Charlie?"}, {"start": "00:01:43", "end": "00:01:47", "text": ">> No, I don't actually. It's not that it's"}, {"start": "00:01:45", "end": "00:01:50", "text": "not an important chart. It's just"}, {"start": "00:01:47", "end": "00:01:52", "text": "there's only so much uh analysis that I"}, {"start": "00:01:50", "end": "00:01:55", "text": "do for my personal trading. So, it's not"}, {"start": "00:01:52", "end": "00:01:56", "text": "it's not a piece that I look at. So, I'm"}, {"start": "00:01:55", "end": "00:01:58", "text": "not going to really be able to help you"}, {"start": "00:01:56", "end": "00:02:00", "text": "too much. I can comment on it."}, {"start": "00:01:58", "end": "00:02:02", "text": ">> Well, I tell you why I bring it up. The"}, {"start": "00:02:00", "end": "00:02:04", "text": "reason I look at junk bonds is because"}, {"start": "00:02:02", "end": "00:02:07", "text": "there is a theory which I think is"}, {"start": "00:02:04", "end": "00:02:09", "text": "correct that usually when investors when"}, {"start": "00:02:07", "end": "00:02:11", "text": "professional investors for example when"}, {"start": "00:02:09", "end": "00:02:13", "text": "institutions when they're confident"}, {"start": "00:02:11", "end": "00:02:16", "text": "about the stock market usually junk"}, {"start": "00:02:13", "end": "00:02:17", "text": "bonds are bought by investors because"}, {"start": "00:02:16", "end": "00:02:19", "text": "they're are high yield again high yield"}, {"start": "00:02:17", "end": "00:02:22", "text": "bonds like HYG's a chart I'll put it for"}, {"start": "00:02:19", "end": "00:02:24", "text": "you guys hygi"}, {"start": "00:02:22", "end": "00:02:28", "text": "bonds or junk bonds are typically seen"}, {"start": "00:02:24", "end": "00:02:31", "text": "as attractive usually when investors see"}, {"start": "00:02:28", "end": "00:02:34", "text": "the economy as being healthy. However,"}, {"start": "00:02:31", "end": "00:02:35", "text": "when the economy is seen as not being"}, {"start": "00:02:34", "end": "00:02:37", "text": "healthy, in other words, when investors"}, {"start": "00:02:35", "end": "00:02:41", "text": "are worried about the health of the"}, {"start": "00:02:37", "end": "00:02:42", "text": "economy, typically junk bonds are sold."}, {"start": "00:02:41", "end": "00:02:44", "text": "So, when you look at history, one of the"}, {"start": "00:02:42", "end": "00:02:46", "text": "reasons why professional traders uh look"}, {"start": "00:02:44", "end": "00:02:48", "text": "at history is because history can teach"}, {"start": "00:02:46", "end": "00:02:50", "text": "us a lot about the future. One of the"}, {"start": "00:02:48", "end": "00:02:52", "text": "books I'm reading right now is called"}, {"start": "00:02:50", "end": "00:02:54", "text": "the uh the philosophy, the philosophy of"}, {"start": "00:02:52", "end": "00:02:55", "text": "history by Hegel. Hegel, those of you"}, {"start": "00:02:54", "end": "00:02:57", "text": "know, is one of the great philosophers"}, {"start": "00:02:55", "end": "00:02:59", "text": "to do with history. the fact that junk"}, {"start": "00:02:57", "end": "00:03:01", "text": "bonds have been in decline. I mean,"}, {"start": "00:02:59", "end": "00:03:03", "text": "they've been falling severely. Now,"}, {"start": "00:03:01", "end": "00:03:04", "text": "there might be a bounce. Junk bonds have"}, {"start": "00:03:03", "end": "00:03:06", "text": "been went into a bare market. It's"}, {"start": "00:03:04", "end": "00:03:07", "text": "almost a waterfall decline."}, {"start": "00:03:06", "end": "00:03:08", "text": ">> There's a reason for that though."}, {"start": "00:03:07", "end": "00:03:10", "text": ">> Yeah, sure. Go ahead."}, {"start": "00:03:08", "end": "00:03:14", "text": ">> One of the reasons is everyone's"}, {"start": "00:03:10", "end": "00:03:16", "text": "investing into AI. AI stocks uh and for"}, {"start": "00:03:14", "end": "00:03:19", "text": "investors can invest preipo and all of"}, {"start": "00:03:16", "end": "00:03:21", "text": "that. AI is taking it's attracting a lot"}, {"start": "00:03:19", "end": "00:03:24", "text": "of money and so we're see we're seeing"}, {"start": "00:03:21", "end": "00:03:26", "text": "that with the the the treasury market as"}, {"start": "00:03:24", "end": "00:03:29", "text": "well, you know. Um, so treasury yields"}, {"start": "00:03:26", "end": "00:03:31", "text": "going up, bond, bonds, treasuries"}, {"start": "00:03:29", "end": "00:03:32", "text": "themselves going down because they're in"}, {"start": "00:03:31", "end": "00:03:36", "text": "competition. Everyone's in competition"}, {"start": "00:03:32", "end": "00:03:38", "text": "now for capital. Capital there's demand."}, {"start": "00:03:36", "end": "00:03:40", "text": "And I think that there might just be an"}, {"start": "00:03:38", "end": "00:03:43", "text": "element of one of the reasons why you're"}, {"start": "00:03:40", "end": "00:03:45", "text": "seeing junk junk bond prices go down so"}, {"start": "00:03:43", "end": "00:03:46", "text": "much is because investors are just going"}, {"start": "00:03:45", "end": "00:03:48", "text": "elsewhere. It's not that they're"}, {"start": "00:03:46", "end": "00:03:50", "text": "necessarily bearish or anything like"}, {"start": "00:03:48", "end": "00:03:53", "text": "that. It might be that they're all just"}, {"start": "00:03:50", "end": "00:03:55", "text": "like a flock of sheep all going in one"}, {"start": "00:03:53", "end": "00:03:56", "text": "direction. That's AI. Yeah, I mean I"}, {"start": "00:03:55", "end": "00:03:59", "text": "agree with you certainly there there"}, {"start": "00:03:56", "end": "00:04:00", "text": "there has been this shift uh as you're"}, {"start": "00:03:59", "end": "00:04:02", "text": "saying you know money flowing towards"}, {"start": "00:04:00", "end": "00:04:04", "text": "AI. I mean that's why it's in a bubble"}, {"start": "00:04:02", "end": "00:04:06", "text": "by the way that those are not my words"}, {"start": "00:04:04", "end": "00:04:08", "text": "even I I heard uh one of the guys from"}, {"start": "00:04:06", "end": "00:04:10", "text": "the big short saying it's a bubble too."}, {"start": "00:04:08", "end": "00:04:12", "text": "Yeah I mean definitely you're right but"}, {"start": "00:04:10", "end": "00:04:14", "text": "nevertheless for me the the fact that"}, {"start": "00:04:12", "end": "00:04:16", "text": "junk bonds are in a bare market. They've"}, {"start": "00:04:14", "end": "00:04:18", "text": "been dropping severely. Historically,"}, {"start": "00:04:16", "end": "00:04:20", "text": "again, we look at it historically. This"}, {"start": "00:04:18", "end": "00:04:22", "text": "is not a good sign going forward for the"}, {"start": "00:04:20", "end": "00:04:25", "text": "stock market because typically when junk"}, {"start": "00:04:22", "end": "00:04:27", "text": "bonds are in severe decline, usually"}, {"start": "00:04:25", "end": "00:04:30", "text": "that's a warning sign. Again, doesn't"}, {"start": "00:04:27", "end": "00:04:31", "text": "mean the top has to occur this year, but"}, {"start": "00:04:30", "end": "00:04:33", "text": "it's it just means that it's a major"}, {"start": "00:04:31", "end": "00:04:35", "text": "warning sign for the stock market. So"}, {"start": "00:04:33", "end": "00:04:36", "text": "even if the market even even if the S&P"}, {"start": "00:04:35", "end": "00:04:38", "text": "and the major stock markets continue to"}, {"start": "00:04:36", "end": "00:04:40", "text": "push further higher, I personally think"}, {"start": "00:04:38", "end": "00:04:43", "text": "that we're reaching a top if not this"}, {"start": "00:04:40", "end": "00:04:45", "text": "year in the first part of 2027, I think"}, {"start": "00:04:43", "end": "00:04:46", "text": "we could see a top in the stock market."}, {"start": "00:04:45", "end": "00:04:48", "text": "That's the way I'm seeing things."}, {"start": "00:04:46", "end": "00:04:52", "text": ">> Well, I think it's another indication of"}, {"start": "00:04:48", "end": "00:04:54", "text": "market breadth. Uh so yeah, investors"}, {"start": "00:04:52", "end": "00:04:57", "text": "coming out of junk bonds because we know"}, {"start": "00:04:54", "end": "00:04:59", "text": "that if you look at the S&P 500, it's a"}, {"start": "00:04:57", "end": "00:05:02", "text": "narrow leadership. Generally speaking,"}, {"start": "00:04:59", "end": "00:05:04", "text": "it's a fairly narrow leadership. So"}, {"start": "00:05:02", "end": "00:05:06", "text": "fewer stocks are getting you know"}, {"start": "00:05:04", "end": "00:05:08", "text": "because of the participation there in"}, {"start": "00:05:06", "end": "00:05:10", "text": "the uh the percentage uh that each"}, {"start": "00:05:08", "end": "00:05:13", "text": "stocks attracts. So if you take I don't"}, {"start": "00:05:10", "end": "00:05:16", "text": "know Apple as an example it's a large"}, {"start": "00:05:13", "end": "00:05:18", "text": "percentage but it's just a few stocks"}, {"start": "00:05:16", "end": "00:05:22", "text": "you know make up like 50% of the"}, {"start": "00:05:18", "end": "00:05:25", "text": "entirety of the S&P. So yes, you can you"}, {"start": "00:05:22", "end": "00:05:29", "text": "can see the cracks elsewhere, but until"}, {"start": "00:05:25", "end": "00:05:31", "text": "those big monster stocks start to fall,"}, {"start": "00:05:29", "end": "00:05:33", "text": "then yeah, the that's why you can still"}, {"start": "00:05:31", "end": "00:05:35", "text": "see the index still going higher."}, {"start": "00:05:33", "end": "00:05:36", "text": ">> Um even if market breadth is"}, {"start": "00:05:35", "end": "00:05:38", "text": "deteriorating."}, {"start": "00:05:36", "end": "00:05:40", "text": ">> I agree with you. I think even if we see"}, {"start": "00:05:38", "end": "00:05:42", "text": "a pullback or correction in the next"}, {"start": "00:05:40", "end": "00:05:44", "text": "several weeks, October is a very"}, {"start": "00:05:42", "end": "00:05:46", "text": "volatile month as we know. uh although"}, {"start": "00:05:44", "end": "00:05:48", "text": "the end of October the period from the"}, {"start": "00:05:46", "end": "00:05:50", "text": "end of October to end of the year and"}, {"start": "00:05:48", "end": "00:05:52", "text": "going to March of next year is the"}, {"start": "00:05:50", "end": "00:05:54", "text": "Halloween effect. So the Halloween"}, {"start": "00:05:52", "end": "00:05:56", "text": "effect after Halloween after 31st of"}, {"start": "00:05:54", "end": "00:05:58", "text": "October is usually a bullish period for"}, {"start": "00:05:56", "end": "00:06:00", "text": "the stock market. So even if we see some"}, {"start": "00:05:58", "end": "00:06:03", "text": "kind of a correction or pullback in"}, {"start": "00:06:00", "end": "00:06:04", "text": "October, there's still potential uh for"}, {"start": "00:06:03", "end": "00:06:06", "text": "the rally for the stock market uptrend"}, {"start": "00:06:04", "end": "00:06:08", "text": "to continue. I agree with you. So I'm"}, {"start": "00:06:06", "end": "00:06:11", "text": "not seeing a top this year. I'm just"}, {"start": "00:06:08", "end": "00:06:12", "text": "saying that a top may occur next year in"}, {"start": "00:06:11", "end": "00:06:13", "text": "2027, which we'll talk about in a"}, {"start": "00:06:12", "end": "00:06:16", "text": "separate video. By the way,"}, {"start": "00:06:13", "end": "00:06:19", "text": ">> I think the 10-year yield um and the"}, {"start": "00:06:16", "end": "00:06:22", "text": "30-year as well. Um but the 10-year"}, {"start": "00:06:19", "end": "00:06:25", "text": "yield uh is of course of concern after"}, {"start": "00:06:22", "end": "00:06:28", "text": "it broke recently 5%."}, {"start": "00:06:25", "end": "00:06:30", "text": "And so there's a lot I think it's one of"}, {"start": "00:06:28", "end": "00:06:33", "text": "those markets again where there's a lot"}, {"start": "00:06:30", "end": "00:06:35", "text": "of commentary out there about bond"}, {"start": "00:06:33", "end": "00:06:37", "text": "yields yields pushing higher. Mortgage"}, {"start": "00:06:35", "end": "00:06:41", "text": "rates are based on on uh treasury"}, {"start": "00:06:37", "end": "00:06:43", "text": "yields. So the the cost of financing"}, {"start": "00:06:41", "end": "00:06:44", "text": "your mortgage. Anyone who's reorggaging"}, {"start": "00:06:43", "end": "00:06:47", "text": "or moving a house or taking out a new"}, {"start": "00:06:44", "end": "00:06:48", "text": "mortgage is going to be paying higher"}, {"start": "00:06:47", "end": "00:06:51", "text": "interest rates on their on their"}, {"start": "00:06:48", "end": "00:06:53", "text": "mortgages. It goes over to corporate"}, {"start": "00:06:51", "end": "00:06:56", "text": "borrowing as well. So watch those bond"}, {"start": "00:06:53", "end": "00:06:59", "text": "yields and as they go higher then that"}, {"start": "00:06:56", "end": "00:07:02", "text": "acts as a natural squeeze on society as"}, {"start": "00:06:59", "end": "00:07:04", "text": "interest rates go higher. But it's"}, {"start": "00:07:02", "end": "00:07:06", "text": "twofold because there also becomes a"}, {"start": "00:07:04", "end": "00:07:08", "text": "point where if bond yields go higher and"}, {"start": "00:07:06", "end": "00:07:10", "text": "higher, big institutional investors"}, {"start": "00:07:08", "end": "00:07:12", "text": "might say, \"Actually, I I'll I'll buy"}, {"start": "00:07:10", "end": "00:07:14", "text": "some of that now because actually I'm"}, {"start": "00:07:12", "end": "00:07:16", "text": "getting 5 a half% on my money. It's"}, {"start": "00:07:14", "end": "00:07:19", "text": "lower risk than the stock market, and"}, {"start": "00:07:16", "end": "00:07:22", "text": "the stock market's trading at 39 times"}, {"start": "00:07:19", "end": "00:07:25", "text": "uh uh earnings right now, which it is."}, {"start": "00:07:22", "end": "00:07:26", "text": "The S&P is um actually I'll park some"}, {"start": "00:07:25", "end": "00:07:28", "text": "more my money, and you'll see this"}, {"start": "00:07:26", "end": "00:07:30", "text": "natural drift maybe coming back into"}, {"start": "00:07:28", "end": "00:07:33", "text": "bonds.\" Now, there's counterarguments on"}, {"start": "00:07:30", "end": "00:07:35", "text": "that, but I do think at the moment and"}, {"start": "00:07:33", "end": "00:07:37", "text": "that becomes a risk to the stock market"}, {"start": "00:07:35", "end": "00:07:40", "text": "because if if bond yields go higher,"}, {"start": "00:07:37", "end": "00:07:43", "text": "there is a point where large investors"}, {"start": "00:07:40", "end": "00:07:46", "text": "do do start to pile into bonds because"}, {"start": "00:07:43", "end": "00:07:48", "text": "that they're paying out great yields,"}, {"start": "00:07:46", "end": "00:07:50", "text": "but that then starts to then uh that"}, {"start": "00:07:48", "end": "00:07:51", "text": "money has to come from somewhere. So, it"}, {"start": "00:07:50", "end": "00:07:54", "text": "might come out of the stock market into"}, {"start": "00:07:51", "end": "00:07:56", "text": "bonds. So, and and I think that just"}, {"start": "00:07:54", "end": "00:07:59", "text": "that's just one argument, but there that"}, {"start": "00:07:56", "end": "00:08:00", "text": "is a concern for the stock markets at"}, {"start": "00:07:59", "end": "00:08:02", "text": "the moment, bond yields."}, {"start": "00:08:00", "end": "00:08:03", "text": ">> Uh Charlie, very important question,"}, {"start": "00:08:02", "end": "00:08:05", "text": "which is that there are some"}, {"start": "00:08:03", "end": "00:08:07", "text": "speculations about the S&P going to"}, {"start": "00:08:05", "end": "00:08:09", "text": "9,000. Uh now, what what is your view?"}, {"start": "00:08:07", "end": "00:08:11", "text": "Do you think that there's potential"}, {"start": "00:08:09", "end": "00:08:13", "text": "scope for the S&P? I'll put it this way."}, {"start": "00:08:11", "end": "00:08:15", "text": "Do you think there's a high probability,"}, {"start": "00:08:13", "end": "00:08:17", "text": ">> not just not just possibility, but do"}, {"start": "00:08:15", "end": "00:08:20", "text": "you think there's a high probability of"}, {"start": "00:08:17", "end": "00:08:22", "text": "the S&P going to 9,000? um not"}, {"start": "00:08:20", "end": "00:08:24", "text": "necessarily this year, but let's say"}, {"start": "00:08:22", "end": "00:08:28", "text": "next year, early next year, the first"}, {"start": "00:08:24", "end": "00:08:30", "text": "half of 2027 again, 9,000 on the S&P."}, {"start": "00:08:28", "end": "00:08:34", "text": ">> Yeah. I mean, looking at current levels,"}, {"start": "00:08:30", "end": "00:08:36", "text": "that's about 15 16% above current levels"}, {"start": "00:08:34", "end": "00:08:39", "text": "from where we were roughly where we're"}, {"start": "00:08:36", "end": "00:08:41", "text": "recording this. So, that's that's doable"}, {"start": "00:08:39", "end": "00:08:43", "text": "over the course of a year, especially"}, {"start": "00:08:41", "end": "00:08:44", "text": "over the last decade. We've seen plenty"}, {"start": "00:08:43", "end": "00:08:48", "text": "of years where the S&P's done more than"}, {"start": "00:08:44", "end": "00:08:50", "text": "that. So, six 15 16% higher than where"}, {"start": "00:08:48", "end": "00:08:53", "text": "we currently are. It's it's achievable."}, {"start": "00:08:50", "end": "00:08:55", "text": "And if Paul Judah Jones is right, uh the"}, {"start": "00:08:53", "end": "00:08:58", "text": "famous fund manager who was looking for"}, {"start": "00:08:55", "end": "00:09:00", "text": "some sort of blowoff top over the next"}, {"start": "00:08:58", "end": "00:09:03", "text": "year to 18 months when he was"}, {"start": "00:09:00", "end": "00:09:06", "text": "interviewed earlier this year, then uh"}, {"start": "00:09:03", "end": "00:09:10", "text": "seeing higher prices S&P up at 9,000 um"}, {"start": "00:09:06", "end": "00:09:12", "text": "is is sort of doable. So um I think"}, {"start": "00:09:10", "end": "00:09:15", "text": "there there are always concerns um and"}, {"start": "00:09:12", "end": "00:09:17", "text": "there are cracks and you know I know"}, {"start": "00:09:15", "end": "00:09:19", "text": "people are concerned about AI they're"}, {"start": "00:09:17", "end": "00:09:21", "text": "concerned about private credit there's"}, {"start": "00:09:19", "end": "00:09:24", "text": "all there's always stuff simmering"}, {"start": "00:09:21", "end": "00:09:26", "text": "around um and I'm concerned about"}, {"start": "00:09:24", "end": "00:09:30", "text": "valuations I think as I've already said"}, {"start": "00:09:26", "end": "00:09:33", "text": "you know 30 times 39 times um cyclally"}, {"start": "00:09:30", "end": "00:09:36", "text": "adjusted uh PE ratio that's that's"}, {"start": "00:09:33", "end": "00:09:38", "text": "pretty pretty high uh valuations out"}, {"start": "00:09:36", "end": "00:09:40", "text": "there so but valuation by itself doesn't"}, {"start": "00:09:38", "end": "00:09:43", "text": "bring a stock market down. Uh so it's"}, {"start": "00:09:40", "end": "00:09:45", "text": "other thing but um so there are concerns"}, {"start": "00:09:43", "end": "00:09:47", "text": "but coming back to your question do I"}, {"start": "00:09:45", "end": "00:09:49", "text": "think that there is certainly a"}, {"start": "00:09:47", "end": "00:09:52", "text": "probability that we're in a bull market"}, {"start": "00:09:49", "end": "00:09:54", "text": "currently? Uh there are concerns but"}, {"start": "00:09:52", "end": "00:09:57", "text": "does the stock market have the ability"}, {"start": "00:09:54", "end": "00:10:00", "text": "to still push higher with everything"}, {"start": "00:09:57", "end": "00:10:02", "text": "that's going on? my I contest that yes"}, {"start": "00:10:00", "end": "00:10:04", "text": "it there is and I because I'm bullish"}, {"start": "00:10:02", "end": "00:10:07", "text": "towards"}, {"start": "00:10:04", "end": "00:10:09", "text": "uh some form of resolution in the Middle"}, {"start": "00:10:07", "end": "00:10:11", "text": "East and I think that will help bring"}, {"start": "00:10:09", "end": "00:10:14", "text": "oil prices down it'll bring inflation"}, {"start": "00:10:11", "end": "00:10:16", "text": "down and that will be a positive over"}, {"start": "00:10:14", "end": "00:10:18", "text": "the medium term for the stock market"}, {"start": "00:10:16", "end": "00:10:20", "text": "whether the stock market then ends up"}, {"start": "00:10:18", "end": "00:10:23", "text": "topping at some point or whatever I'll"}, {"start": "00:10:20", "end": "00:10:26", "text": "deal with that you know as and when but"}, {"start": "00:10:23", "end": "00:10:28", "text": "um but for now yeah I'm I would say I'm"}, {"start": "00:10:26", "end": "00:10:29", "text": "definitely a ball. Yeah, and I would"}, {"start": "00:10:28", "end": "00:10:32", "text": "agree with you. I'm still remaining"}, {"start": "00:10:29", "end": "00:10:33", "text": "long-term bullish, although there could"}, {"start": "00:10:32", "end": "00:10:35", "text": "still be some kind of a glitch, a"}, {"start": "00:10:33", "end": "00:10:37", "text": "pullback, correction in the next several"}, {"start": "00:10:35", "end": "00:10:38", "text": "weeks. We know October typically can be"}, {"start": "00:10:37", "end": "00:10:39", "text": "volatile. By the way, guys, just to let"}, {"start": "00:10:38", "end": "00:10:41", "text": "you know that Charlie and I are doing an"}, {"start": "00:10:39", "end": "00:10:43", "text": "important educational course this"}, {"start": "00:10:41", "end": "00:10:44", "text": "November 8th. This is going to be on"}, {"start": "00:10:43", "end": "00:10:47", "text": "trading and technical analysis. Full"}, {"start": "00:10:44", "end": "00:10:48", "text": "details are on protrading.com with a"}, {"start": "00:10:47", "end": "00:10:49", "text": "discount. By the way, I just let you"}, {"start": "00:10:48", "end": "00:10:51", "text": "know guys, uh, we did this course back"}, {"start": "00:10:49", "end": "00:10:52", "text": "in January and we had some great"}, {"start": "00:10:51", "end": "00:10:55", "text": "feedback. I just let read you some of"}, {"start": "00:10:52", "end": "00:10:57", "text": "it. First one is from Robert B who said"}, {"start": "00:10:55", "end": "00:10:59", "text": "uh condensed and valuep packed. I'm"}, {"start": "00:10:57", "end": "00:11:01", "text": "already re-watching the recordings and"}, {"start": "00:10:59", "end": "00:11:02", "text": "applying the techniques. This workshop"}, {"start": "00:11:01", "end": "00:11:04", "text": "was worth every penny. Thanks very much"}, {"start": "00:11:02", "end": "00:11:06", "text": "Robert. Ryan L wrote to us and said"}, {"start": "00:11:04", "end": "00:11:08", "text": "great insights that have improved my"}, {"start": "00:11:06", "end": "00:11:10", "text": "trading no end. From January to now my"}, {"start": "00:11:08", "end": "00:11:12", "text": "win rate and more importantly"}, {"start": "00:11:10", "end": "00:11:14", "text": "profitability has grown a big amount. Uh"}, {"start": "00:11:12", "end": "00:11:16", "text": "Baris said well structured and"}, {"start": "00:11:14", "end": "00:11:17", "text": "informative. It gave me more guidelines"}, {"start": "00:11:16", "end": "00:11:19", "text": "of how to trade invest and I'm looking"}, {"start": "00:11:17", "end": "00:11:21", "text": "forward to the next one. And by the way"}, {"start": "00:11:19", "end": "00:11:23", "text": "guys I'll put more feedbacks uh here as"}, {"start": "00:11:21", "end": "00:11:24", "text": "we're talking. Uh Charlie, maybe you can"}, {"start": "00:11:23", "end": "00:11:26", "text": "tell us uh more about what we're going"}, {"start": "00:11:24", "end": "00:11:28", "text": "to be covering. Uh guys, get the early"}, {"start": "00:11:26", "end": "00:11:30", "text": "bird discount by going to"}, {"start": "00:11:28", "end": "00:11:31", "text": "protradingworkshop.com"}, {"start": "00:11:30", "end": "00:11:33", "text": "link in the description."}, {"start": "00:11:31", "end": "00:11:36", "text": ">> Uh yeah, just across that day, both you"}, {"start": "00:11:33", "end": "00:11:38", "text": "and I um go into a lot more detail on"}, {"start": "00:11:36", "end": "00:11:41", "text": "how we approach the markets from an"}, {"start": "00:11:38", "end": "00:11:43", "text": "analysis perspective from your side and"}, {"start": "00:11:41", "end": "00:11:45", "text": "all the tools that you use within your"}, {"start": "00:11:43", "end": "00:11:48", "text": "analysis. and you go through that"}, {"start": "00:11:45", "end": "00:11:52", "text": "specifically in a step-by-step process"}, {"start": "00:11:48", "end": "00:11:53", "text": "of examples and and I go through the"}, {"start": "00:11:52", "end": "00:11:55", "text": "trading side of what I do as a money"}, {"start": "00:11:53", "end": "00:11:58", "text": "manager, how I go about some of my"}, {"start": "00:11:55", "end": "00:12:01", "text": "favorite uh techniques and strategies"}, {"start": "00:11:58", "end": "00:12:02", "text": "and the rules around them. And so I'll"}, {"start": "00:12:01", "end": "00:12:04", "text": "be going through all those including uh"}, {"start": "00:12:02", "end": "00:12:07", "text": "an S&P strategy as we're talking about a"}, {"start": "00:12:04", "end": "00:12:09", "text": "bit about the S&P and so I'll go through"}, {"start": "00:12:07", "end": "00:12:11", "text": "all of that as well plus a lot more on"}, {"start": "00:12:09", "end": "00:12:13", "text": "psychology and all of that. So we get we"}, {"start": "00:12:11", "end": "00:12:15", "text": "have some giveaways and things like that"}, {"start": "00:12:13", "end": "00:12:19", "text": "as well. So, uh, yeah, it was a really"}, {"start": "00:12:15", "end": "00:12:20", "text": "good day in January and so we said to"}, {"start": "00:12:19", "end": "00:12:24", "text": "the people who couldn't attend it live"}, {"start": "00:12:20", "end": "00:12:26", "text": "then we will do it again and here we are"}, {"start": "00:12:24", "end": "00:12:28", "text": "November 8th. So guys, uh, there it is."}, {"start": "00:12:26", "end": "00:12:30", "text": "That's the link in the description. Uh,"}, {"start": "00:12:28", "end": "00:12:31", "text": "go ahead and check it out. Full details"}, {"start": "00:12:30", "end": "00:12:33", "text": "are on that. I look forward to seeing"}, {"start": "00:12:31", "end": "00:12:37", "text": "you guys in the November course. Thanks"}, {"start": "00:12:33", "end": "00:12:37", "text": "very much Charlie. Much appreciated."}, {"start": "00:12:37", "end": "00:12:39", "text": "[music]"}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Hey guys, Allesia here giving a quick"}, {"start": "00:00:01", "end": "00:00:05", "text": "update for you about the Bitcoin"}, {"start": "00:00:02", "end": "00:00:06", "text": "situation. So, we've seen Bitcoin"}, {"start": "00:00:05", "end": "00:00:09", "text": "finally managing to push through an"}, {"start": "00:00:06", "end": "00:00:11", "text": "important resistance. So, firstly, a few"}, {"start": "00:00:09", "end": "00:00:14", "text": "resistances. For example, the 50 weekly"}, {"start": "00:00:11", "end": "00:00:16", "text": "average, that's a 50 SMA, as you can see"}, {"start": "00:00:14", "end": "00:00:18", "text": "there on the on the chart. So, it's"}, {"start": "00:00:16", "end": "00:00:19", "text": "managed to push through that, which is a"}, {"start": "00:00:18", "end": "00:00:22", "text": "very positive factor. That's a positive"}, {"start": "00:00:19", "end": "00:00:23", "text": "development. Then, we had the golden"}, {"start": "00:00:22", "end": "00:00:25", "text": "cross some weeks ago. If you watch the"}, {"start": "00:00:23", "end": "00:00:27", "text": "member video, I actually mentioned the"}, {"start": "00:00:25", "end": "00:00:28", "text": "golden cross, which again is usually"}, {"start": "00:00:27", "end": "00:00:30", "text": "followed by some kind of a pullback,"}, {"start": "00:00:28", "end": "00:00:32", "text": "which we got. And then finally we"}, {"start": "00:00:30", "end": "00:00:34", "text": "managed to push through the other"}, {"start": "00:00:32", "end": "00:00:36", "text": "important resistance level which I've"}, {"start": "00:00:34", "end": "00:00:37", "text": "mentioned before which is the May highs"}, {"start": "00:00:36", "end": "00:00:40", "text": "the spring highs on Bitcoin. So for"}, {"start": "00:00:37", "end": "00:00:43", "text": "example we can see that key level on"}, {"start": "00:00:40", "end": "00:00:45", "text": "Bitcoin at the May highs has been taken"}, {"start": "00:00:43", "end": "00:00:47", "text": "out finally which by the way the reason"}, {"start": "00:00:45", "end": "00:00:49", "text": "why that's important is because"}, {"start": "00:00:47", "end": "00:00:51", "text": "according to the Dow theory model as"}, {"start": "00:00:49", "end": "00:00:54", "text": "developed by Manuel Bllye of the Dow"}, {"start": "00:00:51", "end": "00:00:55", "text": "theory.com. So my good friend and trader"}, {"start": "00:00:54", "end": "00:00:58", "text": "Manuel Bllye mentioned that because both"}, {"start": "00:00:55", "end": "00:01:01", "text": "Bitcoin and Ethereum have taken out"}, {"start": "00:00:58", "end": "00:01:03", "text": "their respective resistance levels. So"}, {"start": "00:01:01", "end": "00:01:04", "text": "for Bitcoin it was that May high. For"}, {"start": "00:01:03", "end": "00:01:06", "text": "Ethereum it was the spring high. You can"}, {"start": "00:01:04", "end": "00:01:08", "text": "see there on the chart. So in both these"}, {"start": "00:01:06", "end": "00:01:10", "text": "charts the cryptos Bitcoin and Ethereum"}, {"start": "00:01:08", "end": "00:01:12", "text": "we're seeing resistance levels key"}, {"start": "00:01:10", "end": "00:01:13", "text": "resistance being taken out which again"}, {"start": "00:01:12", "end": "00:01:15", "text": "has triggered a Dow theory bullish"}, {"start": "00:01:13", "end": "00:01:17", "text": "signal. And according to my friend"}, {"start": "00:01:15", "end": "00:01:19", "text": "Manuel Bllye this is an important and"}, {"start": "00:01:17", "end": "00:01:21", "text": "significant bullish factor a positive"}, {"start": "00:01:19", "end": "00:01:22", "text": "factor for the crypto market. In other"}, {"start": "00:01:21", "end": "00:01:24", "text": "words, for Bitcoin and Ethereum,"}, {"start": "00:01:22", "end": "00:01:26", "text": "potentially even other cryptos as well."}, {"start": "00:01:24", "end": "00:01:28", "text": "In other words, the probability has"}, {"start": "00:01:26", "end": "00:01:30", "text": "increased that Bitcoin and Ethereum have"}, {"start": "00:01:28", "end": "00:01:32", "text": "bottomed and we could be starting a"}, {"start": "00:01:30", "end": "00:01:33", "text": "brand new uptrend on these cryptos. So,"}, {"start": "00:01:32", "end": "00:01:35", "text": "we're seeing several things coming"}, {"start": "00:01:33", "end": "00:01:37", "text": "together for Bitcoin, which are quite"}, {"start": "00:01:35", "end": "00:01:38", "text": "positive. Also, from an Elliot wave"}, {"start": "00:01:37", "end": "00:01:41", "text": "perspective, it's possible to argue that"}, {"start": "00:01:38", "end": "00:01:42", "text": "we have five waves up in that rally that"}, {"start": "00:01:41", "end": "00:01:44", "text": "occurred on Bitcoin, which shows an"}, {"start": "00:01:42", "end": "00:01:46", "text": "impulsive rally. And as we know with"}, {"start": "00:01:44", "end": "00:01:48", "text": "Elliot waves, usually new trends begin"}, {"start": "00:01:46", "end": "00:01:49", "text": "with an impulse wave. Now, let me say"}, {"start": "00:01:48", "end": "00:01:51", "text": "this. There is an important question"}, {"start": "00:01:49", "end": "00:01:53", "text": "which could be asked here which is how"}, {"start": "00:01:51", "end": "00:01:55", "text": "can we know that this new signal again"}, {"start": "00:01:53", "end": "00:01:57", "text": "the Dow theory model this signals"}, {"start": "00:01:55", "end": "00:01:59", "text": "occurred on Bitcoin and Ethereum how do"}, {"start": "00:01:57", "end": "00:02:01", "text": "we know it's not another false signal"}, {"start": "00:01:59", "end": "00:02:03", "text": "because as I'm sure you know so far this"}, {"start": "00:02:01", "end": "00:02:05", "text": "year Bitcoin has triggered two false"}, {"start": "00:02:03", "end": "00:02:06", "text": "signals based on the Dow theory model"}, {"start": "00:02:05", "end": "00:02:08", "text": "one of them was a false signal which"}, {"start": "00:02:06", "end": "00:02:09", "text": "occurred back in May that was a bullish"}, {"start": "00:02:08", "end": "00:02:11", "text": "signal which by the way then led to a"}, {"start": "00:02:09", "end": "00:02:13", "text": "drop then that triggered a Dow theory"}, {"start": "00:02:11", "end": "00:02:15", "text": "bearish signal was also a false signal"}, {"start": "00:02:13", "end": "00:02:17", "text": "that occurred back in the summer so how"}, {"start": "00:02:15", "end": "00:02:19", "text": "can we know that this new signal again"}, {"start": "00:02:17", "end": "00:02:21", "text": "as per the Dow theory rules, how can we"}, {"start": "00:02:19", "end": "00:02:22", "text": "know this is not also a false signal?"}, {"start": "00:02:21", "end": "00:02:24", "text": "The truth is, guys, that because we"}, {"start": "00:02:22", "end": "00:02:25", "text": "don't have a crystal ball, okay, we"}, {"start": "00:02:24", "end": "00:02:27", "text": "don't know what the future is. We're not"}, {"start": "00:02:25", "end": "00:02:29", "text": "omniscient. We have to remember one of"}, {"start": "00:02:27", "end": "00:02:31", "text": "the most important things in trading and"}, {"start": "00:02:29", "end": "00:02:33", "text": "analysis is being consistent. So in"}, {"start": "00:02:31", "end": "00:02:35", "text": "other words, if we're going to follow a"}, {"start": "00:02:33", "end": "00:02:37", "text": "specific model that has a potentially"}, {"start": "00:02:35", "end": "00:02:40", "text": "high probability and according to Manuel"}, {"start": "00:02:37", "end": "00:02:41", "text": "Bllye, this new Dow theory signal is a"}, {"start": "00:02:40", "end": "00:02:43", "text": "very bullish signal for Bitcoin because"}, {"start": "00:02:41", "end": "00:02:45", "text": "it potentially increases the probability"}, {"start": "00:02:43", "end": "00:02:47", "text": "that a bottom has formed and that a new"}, {"start": "00:02:45", "end": "00:02:49", "text": "bull market has started on Bitcoin and"}, {"start": "00:02:47", "end": "00:02:51", "text": "Ethereum. Uh but again, because we've"}, {"start": "00:02:49", "end": "00:02:52", "text": "had these false signals in the past, at"}, {"start": "00:02:51", "end": "00:02:54", "text": "least two false signals this year, you"}, {"start": "00:02:52", "end": "00:02:56", "text": "may ask, well, how can we know that this"}, {"start": "00:02:54", "end": "00:02:58", "text": "also is another false signal that just"}, {"start": "00:02:56", "end": "00:03:00", "text": "occurred on Bitcoin? The truth is, guys,"}, {"start": "00:02:58", "end": "00:03:02", "text": "we don't know that. Again, we don't have"}, {"start": "00:03:00", "end": "00:03:04", "text": "a crystal ball. All we can do is follow"}, {"start": "00:03:02", "end": "00:03:06", "text": "our rules and follow the system that we"}, {"start": "00:03:04", "end": "00:03:08", "text": "have in front of us. Now, sure, it could"}, {"start": "00:03:06", "end": "00:03:11", "text": "be a false signal. And here's the thing."}, {"start": "00:03:08", "end": "00:03:13", "text": "If Bitcoin and Ethereum were to drop"}, {"start": "00:03:11", "end": "00:03:14", "text": "below support, key support levels,"}, {"start": "00:03:13", "end": "00:03:16", "text": "again, watch the member video for more"}, {"start": "00:03:14", "end": "00:03:18", "text": "details about that, which I've discussed"}, {"start": "00:03:16", "end": "00:03:20", "text": "in much more detail. But again, if"}, {"start": "00:03:18", "end": "00:03:21", "text": "Bitcoin and Ethereum were to drop below"}, {"start": "00:03:20", "end": "00:03:23", "text": "support, then that could potentially"}, {"start": "00:03:21", "end": "00:03:26", "text": "negate or invalidate this new bullish"}, {"start": "00:03:23", "end": "00:03:28", "text": "signal that occurred on Bitcoin. Uh so"}, {"start": "00:03:26", "end": "00:03:30", "text": "that's only if Bitcoin and Ethereum were"}, {"start": "00:03:28", "end": "00:03:32", "text": "to drop below support. But for now, as"}, {"start": "00:03:30", "end": "00:03:33", "text": "long as Bitcoin and Ethereum remain"}, {"start": "00:03:32", "end": "00:03:35", "text": "above support and as long as they can"}, {"start": "00:03:33", "end": "00:03:37", "text": "stay in some kind of an uptrend, then"}, {"start": "00:03:35", "end": "00:03:40", "text": "the recent developments here on these"}, {"start": "00:03:37", "end": "00:03:41", "text": "cryptos is a very bullish factor. It's a"}, {"start": "00:03:40", "end": "00:03:42", "text": "good sign uh for the crypto market. All"}, {"start": "00:03:41", "end": "00:03:44", "text": "right, guys. Make sure you go ahead and"}, {"start": "00:03:42", "end": "00:03:45", "text": "watch the member video for more details"}, {"start": "00:03:44", "end": "00:03:47", "text": "because I've covered chart of Bitcoin"}, {"start": "00:03:45", "end": "00:03:49", "text": "and Ethereum in much more detail. In"}, {"start": "00:03:47", "end": "00:03:50", "text": "fact, we go into Elliot waves as well on"}, {"start": "00:03:49", "end": "00:03:51", "text": "Bitcoin. So that's in the member video."}, {"start": "00:03:50", "end": "00:03:53", "text": "And by the way, if you're not a member,"}, {"start": "00:03:51", "end": "00:03:54", "text": "you can join on that link you see right"}, {"start": "00:03:53", "end": "00:03:55", "text": "there. Thank you very much indeed, guys."}, {"start": "00:03:54", "end": "00:03:59", "text": "I look forward to see next video update."}, {"start": "00:03:55", "end": "00:03:59", "text": "Cheers. Bye now."}, {"start": "00:04:09", "end": "00:04:11", "text": ">> [music]"}]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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