Latest / CRYPTO 101 / Crypto Rundown: Bitcoin is Going to $0 & Cintrini's AI Doomsday Article Brings Markets Down

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Crypto Rundown: Bitcoin is Going to $0 & Cintrini's AI Doomsday Article Brings Markets Down · CRYPTO 101

0:08
[SPEAKER_07]: back to the crypto 101 podcast presented by Gemini your bridge to the future of money and Bitcoin is dead Bitcoin is going to zero the centrini article has gone viral AI doomsday is coming June 20 28 Brian AI is taking over the world.
0:24
[SPEAKER_07]: There's no future.
0:25
[SPEAKER_07]: There's no jobs.
0:26
[SPEAKER_07]: There's no GDP.
0:27
[SPEAKER_07]: Bitcoin's dead Bitcoin's going to zero.
0:29
[SPEAKER_07]: That's all I've seen on my timeline.
0:31
[SPEAKER_07]: But we are here to actually talk the other side of the coin.
0:35
[SPEAKER_07]: We are on the other side of the boat.
0:37
[SPEAKER_07]: That is not how we feel.
0:39
[SPEAKER_07]: So yes, a little bit of a click-baby title and thumbnail that you were on, Brian.
0:44
[SPEAKER_07]: I know you don't like being associated with Bitcoin going to zero.
0:47
[SPEAKER_07]: But it's all to test up for the really, really fun conversation.
0:50
[SPEAKER_07]: We're going to break all that down and much more in this rundown episode.
0:54
[SPEAKER_07]: It is pretty heavy packed.
0:55
[SPEAKER_07]: I know we had a fun one on Friday about Punch the Monkey.
0:58
[SPEAKER_07]: we'll do a little update on that at the end of this episode but we've been away for a week so lots to talk about lots to cover and even though we weren't promoting this one live to the community it's going to be a great episode so Brian welcome to the show and welcome back was great to see in person last week
1:14
[SPEAKER_03]: Hey man, great to see you in person in the first thing I jumped on and said is love the thumbnail, but also kind of hate it because I don't want to be associated with Bitcoin going to zero.
1:25
[SPEAKER_03]: I do not believe that, but you know, there are some definitely doomsday preppers, I should say on the timeline right now, but it definitely makes for some really interesting talking points and we're here to kind of educate the community, you know, bring everybody back to,
1:41
[SPEAKER_03]: a level ground and a ton of things to fill fill the day with here.
1:47
[SPEAKER_07]: Yeah, well, I guess we'll just hop right into, it's a little bit farther on the sheet under one, but let's just jump into Bitcoin is dead, Bitcoin's going to zero.
1:54
[SPEAKER_07]: Because I found this really fascinating, you know, I am the Google Trends guy, I always stood on the kind of the box, the soap box and said, hey, I kind of believe in this as a metric, and this was
2:05
[SPEAKER_07]: Kind of during the rise of the last bull run say two years ago and people said, oh, you know, this metrics dead, this metrics dead.
2:11
[SPEAKER_07]: I think it was proven that you can actually put it in your data, you know, it's it's again, it's not the only thing you're going to look at, but I think it's a good weapon to have in the.
2:20
[SPEAKER_07]: the old holster there and so I'm going to pull it up here and I thought it was really fascinating.
2:25
[SPEAKER_07]: Bitcoin is going to zero.
2:27
[SPEAKER_07]: That's what I put in the Google Trends here.
2:29
[SPEAKER_07]: And as you can see over a month, I mean it's hitting the 100, close.
2:33
[SPEAKER_07]: It's in the 90s and then it hit the 100 mark here last week and then it's like, okay, when you see that, well let's do three months.
2:40
[SPEAKER_07]: and so three months again hits the hundred interesting let's do a year oh again wow the year it's still hitting the hundred January 31st February 7 and then I was okay let's pull it out let's pull it out five years through the last bear market and comparing contrast and this is fascinating more than 2022 you know the last drawdown of all the tech stuff all the way up
3:03
[SPEAKER_07]: to 100 this January and February and I think that's something that's worth talking about.
3:08
[SPEAKER_07]: That's the thesis for the thumbnail that you got put on here.
3:12
[SPEAKER_07]: Again, a five-year chart of not going past 22 to now hitting 100.
3:19
[SPEAKER_07]: I mean, almost you tie this to the price line.
3:23
[SPEAKER_07]: Price action in the last couple months.
3:24
[SPEAKER_07]: I mean, it makes sense.
3:26
[SPEAKER_07]: This is what people are thinking.
3:28
[SPEAKER_07]: Um, and you know, I know we had a great conversation, um, with our team and with others around, you know, what we think about quantum and kind of the future of it, but it's, it's a narrative that's out there.
3:40
[SPEAKER_07]: And so, uh, does this surprise you the school trends data and what your thoughts around it?
3:46
[SPEAKER_03]: Um, yeah, great question.
3:48
[SPEAKER_03]: Uh, I guess.
3:50
[SPEAKER_03]: Does it surprise me?
3:52
[SPEAKER_03]: It does kind of surprise me because we've talked about in the past other bear markets, I guess we can safely say that we're in a bear market right now ever since 10, 10.
4:00
[SPEAKER_03]: We've been having a tough time getting our footing.
4:04
[SPEAKER_03]: But it does surprise me that things feel as bad as they do on the timeline.
4:10
[SPEAKER_03]: I think this is the longest we've ever been in the extreme fear category as well.
4:15
[SPEAKER_03]: So people are scared, retail scared, and it surprises me because we talked about it on the rundown.
4:20
[SPEAKER_03]: We talked about it with our communities.
4:22
[SPEAKER_03]: There's some of the strongest fundamentals that we've ever seen in the cryptocurrency market, but people believe Bitcoin's dead going to zero.
4:30
[SPEAKER_03]: But the people, the doomsday right now,
4:33
[SPEAKER_03]: It feels like it's an all time high, you know, if you if you want to find some hate on big coins and hate on crypto how AI is going to take over the world That's certainly trending and that's what everybody's clicking on right now.
4:45
[SPEAKER_03]: So part of me says yes, this feels like a severe overreaction But we've been in extreme fear for some time.
4:53
[SPEAKER_03]: So of course people are googling this and looking into it.
4:56
[SPEAKER_03]: It surprises me where we're we're we're sitting at
5:01
[SPEAKER_07]: Yeah, I'm just trying to pull up like so far we can go back to like I don't know 2015's if it pulls that data.
5:07
[SPEAKER_03]: I mean, that's crazy.
5:08
[SPEAKER_03]: It's it's probably a pretty good.
5:11
[SPEAKER_03]: We said I say this a lot because I have some I have some gamble on my blood and you always really want to fade the public.
5:19
[SPEAKER_03]: Yeah, especially the public is so on one side of the boat here So that that's encouraging to me because the the public's typically always wrong
5:30
[SPEAKER_07]: I'm kind of with you on that.
5:31
[SPEAKER_07]: I feel like this is the most bullish negative piece of data that I've seen in a really, really long time.
5:38
[SPEAKER_07]: Hey, it gets me excited in the sense of, you know, whether you're DC ang or, you know, Brendan and I have talked on the show of maybe getting into a little bit of leaps.
5:49
[SPEAKER_07]: Maybe used to say it was the same.
5:51
[SPEAKER_07]: I'm only looking out or it's a couple of years.
5:54
[SPEAKER_07]: Put me in the group tax, you know?
5:57
[SPEAKER_07]: But I don't know, I just, I stare at this chart and for these things to hit 100, then you go, again, I go down the process of, okay, well, let's look at a month, three months a year, five years, and like when you see that consistent day, this is something that people have not been searching for and all this sudden, it's what everybody's talking about.
6:17
[SPEAKER_07]: I think if you want to break this down a little bit of a kind of like a sandwich, you know, you have the bread of like, okay, Bitcoin's going to zero, but what's the lettuce?
6:25
[SPEAKER_07]: What's the tomato?
6:26
[SPEAKER_07]: What's the onion?
6:27
[SPEAKER_07]: What's the beef?
6:28
[SPEAKER_07]: And so I think when you get this type of interest.
6:31
[SPEAKER_07]: of this this google here i think you're having people that i honestly are googling it that are if it's super interested maybe wanting to buy maybe wanting to hold the ETFs and haven't even pulled the trigger yet and now they're searching it below i was interested in Bitcoin goods like that meme uh... you know a hundred and twenty thousand
6:49
[SPEAKER_07]: you know i'm not buying that it's too expensive and it goes you know the sixty thousand on my buying that shit and then it you know goes back to a hundred twenty like i should bought it at sixty it's kind of that meme of i think you get a lot of people interested uh... and it ties into a next subject which we're gonna get to a little bit of kind of the a.i.
7:06
[SPEAKER_07]: trade of
7:07
[SPEAKER_07]: what's I going to disrupt and we've kind of talked about the software trade and how I think you know we were early to that I think at least a couple you know a month or so ago at this point but how you know dissecting how we think Bitcoin got caught up in that but let's uh before we dive into the eye trade let's just take a peek at coin market cap for the people we always do that when you're on you know seven days there's a slide going on
7:32
[SPEAKER_07]: There's a slide going on as the continuous slide for software as well.
7:38
[SPEAKER_07]: I don't know what breaks us out of this other than narrative.
7:42
[SPEAKER_07]: We're going to get to kind of that narrative in AI other than, you know, the fear and greed index has been just in basically extreme fear approaching.
7:51
[SPEAKER_07]: I think this is going to be week three that we're in extreme fear.
7:54
[SPEAKER_07]: So we're going to be approaching a month in it.
7:56
[SPEAKER_07]: Any anything on coin market cap you want to take a peek at while we're here?
8:01
[SPEAKER_03]: Yeah, yeah, it's, I mean Bitcoin is 64 a theory made 1850 Solana at 78 bucks, um, you know, they're getting hit pretty hard, but this is our first go around when this has happened.
8:13
[SPEAKER_03]: This is this is kind of the range that we saw that that, uh, in in 2024, like that Bitcoin range between like 55 and 72, I feel like we're going to kind of be still chopping in that area.
8:26
[SPEAKER_03]: I do like this isn't funny into advice.
8:29
[SPEAKER_03]: This is at on the insider info, but it's hard for me to to see a path where we I read about it.
8:36
[SPEAKER_03]: We can always go lower.
8:37
[SPEAKER_03]: We can always take a bigger dip, but it's hard for me to see like us go back to like that.
8:42
[SPEAKER_03]: 58 range and then breaking down under it.
8:46
[SPEAKER_03]: I know there's a ton of different ways that that could happen geopolitical But but it feels like it just feels like everybody that was the tors pretty much left right now and then we're good We're gonna chop we're gonna chop I say chop a lot, but I feel like we're gonna chop for weeks now
9:02
[SPEAKER_03]: and we're getting continue to chop in that range, like let's say like 60 to 72 and I think we're just getting moved sideways for a while until we get some catalysts to get us out of there.
9:12
[SPEAKER_03]: But that usually takes a little bit of time, takes a couple of bullish headlines and it just takes getting peeking, everyone's interest to bring the prices out of the gutter, and then you see that rocket ship go up.
9:23
[SPEAKER_03]: Just like it went down, it goes back up, and
9:26
[SPEAKER_03]: So, uh, nothing here scares me.
9:29
[SPEAKER_03]: Maybe it's because I'm the permable.
9:32
[SPEAKER_03]: I see the big picture.
9:33
[SPEAKER_03]: I, I, I see.
9:35
[SPEAKER_03]: I mean, we're going to talk about AI in a moment.
9:37
[SPEAKER_03]: I see how AI is going to be so net positive for the crypto community and crypto wall.
9:44
[SPEAKER_03]: It's an onboarding people.
9:45
[SPEAKER_03]: I see the path for a lot of these major cryptos to continue to do very well.
9:50
[SPEAKER_03]: But that doesn't change anybody's mind.
9:51
[SPEAKER_03]: We're sitting in extreme fear.
9:53
[SPEAKER_03]: We've been in there for a while now.
9:54
[SPEAKER_03]: And it just is what it is.
9:56
[SPEAKER_03]: It's the longest we've been in extreme fear for some time.
9:59
[SPEAKER_03]: And I think we'll fight our way through.
10:00
[SPEAKER_03]: But I think we move sideways for a little while longer.
10:03
[SPEAKER_07]: Yeah, reminds me of when we did the full team show a couple weeks back on that Friday and I had the the ducks analogy of where's your warm water?
10:10
[SPEAKER_07]: It kind of feels like, you know, the chop the sideways is going to be, you know, people finding where they're comfortable without, hopefully any volatile moves to the downside, but also without any crazy volatile moves to the upside while we parse through this narrative.
10:25
[SPEAKER_07]: And before we continue on, we just want to shout out to the chat.
10:29
[SPEAKER_07]: We got a beachfront grants here.
10:31
[SPEAKER_07]: We also have Andrew.
10:33
[SPEAKER_07]: Andrew all the way from Liverpool saying he's, you know, Big fan of the show.
10:37
[SPEAKER_07]: It's his first live tuning in all the way across the pond on Liverpool.
10:40
[SPEAKER_07]: And he definitely listens to the show because he said, Did someone say make rib?
10:44
[SPEAKER_07]: Yes, maybe the make rib can say this.
10:45
[SPEAKER_07]: That's me mentioned many times before.
10:49
[SPEAKER_07]: But I'll pull up this next thing again, the weekends are getting shaken out the tourists are getting shaken out and I just you have to you have to take a look at these charts the financial institutions with Bitcoin exposure again a lot of big names on there.
11:02
[SPEAKER_07]: We all know black rock in Vesco, stifle, scoge of an.k.
11:06
[SPEAKER_07]: You know, the big dogs in the asset manager firm hedge funds like Citadel, you know, this is this is truly an asset class, even the endowments we've talked about how Harvard made some moves selling some Bitcoin buying some Ethereum looks like Michigan Yammer, Emery Yale.
11:23
[SPEAKER_07]: just a lot of big-time names on this list.
11:28
[SPEAKER_07]: And these are the people that make decisions that usually, again, last the long time, they're not day trading, they're not weekly trading, or monthly trading, these are decisions that a lot of people have invested a lot of time and money into this space.
11:43
[SPEAKER_07]: Again, I think AI, which we'll get to next, is going to reevaluate and have people thinking for sure, but that's not just about Bitcoin, or just about crypto.
11:53
[SPEAKER_07]: It's about basically, I guess, from this article, this is in treaty research article, which we're going to break down next, it's a life as we know it apparently, and I've been really doing the thought process of this of trying to be a good producer slash host and what kind of conversations can we have on the show other than,
12:12
[SPEAKER_07]: You know, the Bitcoin price action and shoppy and fear and greed and fear.
12:15
[SPEAKER_07]: It's like, I'm trying to elevate the show and challenge myself and challenge you Brian and our other, you know, analysts and people that come on the show, they're like, okay, let's, let's think this through because we're not.
12:28
[SPEAKER_07]: we're not displaced from the macro environments and we're not displaced from the macro feels fears that are happening because you know I go and find and see see see stats like this so let's go over everything that's below their all-time high the S&P 500 only only two percent off the time high which is which is
12:49
[SPEAKER_07]: awesome and hold that put a pin in that when I say awesome and we'll come back to that because Microsoft's down 30 synopsis is down 36 Palo Alto also down 36 crowd strike the best time for security along with Palo Alto at the top two big dogs down 38 Paloans here.
13:06
[SPEAKER_07]: I mean what was it six eight months ago all yet to say was pal you didn't say Palantir I say Brian was out and it would go up ten percent if you didn't own Palantir you were an idiot now it's down thirty eight percent app lovin down fifty sales force down fifty two
13:21
[SPEAKER_07]: into it, 57% on the down, service now, down 59% oracle down 60% and Adobe down 65%.
13:30
[SPEAKER_07]: Now this is again, cherry picking some of the worst performers that are in the S&P 500, are in the NASDAQ, but the S&P 500's only down 2% why that's because of capital rotation.
13:42
[SPEAKER_07]: And so people are kind of looking at like, okay, how is AI going to disrupt this software game?
13:47
[SPEAKER_07]: Clearly, you know, the Adobe's of the world and the Oracle's in the service now is like, okay, well, it's Cloudbot, am I going to be able to just say, hey, Cloudbot, make me Premiere Pro, make me Photoshop, and then you're going to have,
13:58
[SPEAKER_07]: a software that you can just tell Cloudbot to make it and it's going to make something better.
14:03
[SPEAKER_07]: Maybe, who's to say, I think it's a little over-done on my end.
14:08
[SPEAKER_07]: But I think there's also a case to be made that a lot of these software socks, a lot of these NASDAQ stocks, were maybe overvalued at 30, 40, 50 times earnings.
14:17
[SPEAKER_07]: uh... and and you had a lot of other stocks and this is why the s and p when i say good it's the s and p hasn't fallen off a cliff because the money didn't just disappear it's not pulled out in the cash or t bills it's just rotated into as they're hard assets hard assets like gold the silver trade the copper trade we've talked about that
14:34
[SPEAKER_07]: a lot of companies like the oil slumber jay or go look at the oi h i believe it is you know having a 20% rip in the first six weeks of the year because the money's rotating and that's the game of asset management that's the game of if you're uh you know and there's investing in trading and and i think right now people are trying to find the hot trade but they're not necessarily leaving the casino um so open up the floor to you after that ramp
15:00
[SPEAKER_03]: No, I also believe it's maybe like a little bit of an overreaction, but there should be a reaction here.
15:08
[SPEAKER_03]: You cite Adobe, for instance, the AI world over the past few weeks, we're living in it.
15:15
[SPEAKER_03]: And over the past few weeks, it kind of makes you scratch your head a little bit.
15:18
[SPEAKER_03]: Like how often do you personally as a super producer yourself utilize AI for possibly like editing a video or creating a thumbnail, probably more than you were a year ago, right?
15:30
[SPEAKER_07]: I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I
15:54
[SPEAKER_07]: And, um, shout out Grant, and he saw the second tender video too, and uh, like the thumbnails the great examples.
16:00
[SPEAKER_07]: So, um, again, this is just business.
16:03
[SPEAKER_07]: I used to have somebody that would make our thumbnails, and they would charge $15 a thumbnail, and he did a fine job.
16:10
[SPEAKER_07]: I knew that he was using tools that I wasn't aware of yet.
16:14
[SPEAKER_07]: Because he made it so fast and then once I kind of learned these tools and like I think this is what he's using.
16:19
[SPEAKER_07]: I'm not sure But I started using it and you know when from 15 dollars a thumbnail It was also time consuming for me too because like I have Photoshop, but I'm also not a graphic designer So I know I had to play around do the Photoshop stuff, but I'm not a graphic designer now I have these AI tools which are basically Turning me into a graphic designer via prompts and I can make these thumbnail nails now for 15 cents
16:44
[SPEAKER_07]: So it's one thumbnail for 15 cents versus a $15.
16:48
[SPEAKER_07]: That's crazy.
16:50
[SPEAKER_07]: That's crazy.
16:50
[SPEAKER_07]: When you think about how many videos we put out three, four, five, a week, that's 30, 60, anywhere between depending on how many tutorials we have, it's like $60 to $100 a week in thumbnails.
17:04
[SPEAKER_07]: And that adds up over time, so that's the type of stuff.
17:08
[SPEAKER_07]: that is happening in the creative world, but I also think it's not somebody, it's not, so it's not AI taking the job as much as somebody who knows how to use AI might come and take your job.
17:21
[SPEAKER_07]: I don't think it's gonna take everybody's job, but it is an interesting use case, so I'm sorry, I went on a rant there, but yeah, Adobe is on the hot seat if they can't properly implement these tools into their subscriptions.
17:34
[SPEAKER_03]: Yeah, you nailed it and a lot of these companies can have a path to rebound, but their rebound is to incorporate AI to make things more efficient make things cheaper for everyone and it's it's just the evolution of technology that we're happening in real time.
17:50
[SPEAKER_03]: Yeah, if I was a huge Adobe holder, again, not finding it to advice, I would have probably rotated out into a different asset because I do see a path here where these AI tools are changing the game in a lot of different ways.
18:02
[SPEAKER_03]: They're good, disrupt a lot of software.
18:05
[SPEAKER_03]: Now, on the other side, I don't think AI is going to take everybody's job or you know what, you know what job AI is probably not going to take is I believe it's probably podcasting.
18:14
[SPEAKER_03]: I feel like we're okay.
18:16
[SPEAKER_03]: I really do.
18:16
[SPEAKER_07]: I feel like we're okay.
18:20
[SPEAKER_03]: Yeah, because people still want to talk to authentic people and hear the T-Vo riff and you don't want to like, you know, you don't want like just this robot verbally vomiting over you, writing an AI has been getting a lot better, but there's still some corkiness there.
18:37
[SPEAKER_03]: And it's gonna continue to evolve, but it's kind of like real sports as well.
18:41
[SPEAKER_03]: We don't want to watch robots playing NFL on Sunday because even though they can throw catch do everything right, like there's a human aspect that we're all attracted to.
18:50
[SPEAKER_03]: So, one could call us a professional athlete as a podcaster, but I love that.
18:58
[SPEAKER_07]: I would like to say one more thing about the Adobe or about the thumbnail process for me, because it wasn't like people like, oh, it won't take people's jobs.
19:05
[SPEAKER_07]: It wasn't the $15 that I think bothers us.
19:08
[SPEAKER_07]: It's not a bottom line thing at that point, but it's a time thing.
19:11
[SPEAKER_07]: I put it into a quest for a thumbnail.
19:13
[SPEAKER_07]: It doesn't come back for like,
19:14
[SPEAKER_07]: I don't know what one day at the quick is.
19:16
[SPEAKER_07]: Sometimes it's two or three days.
19:18
[SPEAKER_07]: And when I'm saying, hey Brian, let's spin up a live.
19:21
[SPEAKER_07]: I think if you're a constant to the YouTube, you'll see sometimes we reuse a lot of thumbnails of like the market updates because it takes time.
19:29
[SPEAKER_07]: It's not necessarily the money, it takes the time.
19:31
[SPEAKER_07]: Like if we want to spin up a random show, I can't wait two days, like I need it now.
19:36
[SPEAKER_07]: And so it's that instant access and like the speed of these tools are wild.
19:41
[SPEAKER_07]: And just so the list is a little, I don't know if it's alpha, but a little information under the hood of this AI stuff, Adobe is always a subscription based, right?
19:50
[SPEAKER_07]: You got to get the Adobe suite and you're signing up for either a month or a yearly plan for a Photoshop for a Premiere Pro for Adobe edition, whatever they have, all the different tools that they have, which are great.
20:02
[SPEAKER_07]: But this whole AI thing from what I'm learning is there's so many different AI tools and they're all different They're not under the one umbrella like Adobe has all these creator things and they've had them monopoly for so long Which is why they're multiple with so large whereas right now There's all these platform websites that you go to to make you know the videos and the photo shop and the graphics.
20:27
[SPEAKER_07]: It's like you go to this
20:28
[SPEAKER_07]: A.I.
20:29
[SPEAKER_07]: Marketplace and you're like, okay, I'm going to use this tool, so like a tool is one tool is called nanobanana.
20:34
[SPEAKER_07]: So nanobanana is by Gemini, okay, I'm going to create my photo and change my photo with nanobanana.
20:40
[SPEAKER_07]: Then I'm going to take that photo and I'm going to go to Cling and Cling is a video version, which is not owned by Gemini.
20:45
[SPEAKER_07]: It's a completely different version, but you can use it on the same marketplace, so it's like a workflow thing.
20:50
[SPEAKER_07]: that's changing as well, which is why these, you know, software socks are under fire, because they're losing the subscription business to the marketplace type of business.
21:01
[SPEAKER_03]: Yeah, and when you bring up the thumbnail, let's say the guy who created you to thumbnail, you know, 15 bucks isn't the issue, but let's say it's just something you don't like about it, like the background or the image on it.
21:11
[SPEAKER_03]: With AI, you could just be like, hey, take Brian's head out and put my head on it.
21:14
[SPEAKER_03]: Like, or put my, you can do it.
21:16
[SPEAKER_03]: It takes a matter of, like, less than a minute.
21:18
[SPEAKER_03]: And you get it generated.
21:20
[SPEAKER_03]: So, so do I feel like this is a little bit of overaction?
21:24
[SPEAKER_03]: Yes, but do I feel like they're overvalued?
21:26
[SPEAKER_03]: Yes, do I think AI is going to change the world and it's way more than we've already seen absolutely.
21:33
[SPEAKER_03]: Yes, and then you know Bitcoin's kind of tied at the hip of a lot of these software stocks and I don't think that's
21:41
[SPEAKER_03]: I don't think that's like right, but you know, there's a lot of reasons why we're seeing some volatility in the crypto market, but kind of in a nutshell, it makes sense why some of these software stocks with the introduction to AI are struggling right now.
21:57
[SPEAKER_03]: And again, they have a path to.
21:58
[SPEAKER_03]: to get out of it, but their path is just to embrace AI, make things cheaper, faster, easier and more accessible for people utilizing AI.
22:08
[SPEAKER_03]: And that's where everyone's going.
22:11
[SPEAKER_03]: You'd be hard pressed to talk to anybody in the workforce now, if it's a chatbot or if it's just utilizing cloud that if they aren't using it, they should have probably started figuring it out yesterday.
22:24
[SPEAKER_03]: And it's still super early, but things are changing fast.
22:27
[SPEAKER_03]: And I love it.
22:28
[SPEAKER_03]: I really do.
22:29
[SPEAKER_07]: Yeah, and I feel like we're on the forefront of this being in this space in crypto, in technology specifically.
22:36
[SPEAKER_07]: And again, I really do want to throw it to the listeners, whether you're on the live right now, or you're watching the replay, or listening to the audio, please.
22:43
[SPEAKER_07]: reach out to us in the comments, reach out to us in Twitter, DMs, post comments on YouTube.
22:48
[SPEAKER_07]: Tell us if you like this, because again, I think it's how many times can you pound the pavement talking about the Bitcoin price right now, and there's a more macro thesis of this AI, that's tied into the crypto and Bitcoin price we believe.
23:02
[SPEAKER_07]: And then again, you can see it in the software stocks.
23:04
[SPEAKER_07]: So is this stuff that you enjoy covering or you enjoy learning it?
23:07
[SPEAKER_07]: Because again,
23:09
[SPEAKER_07]: I think it's on topic for the crypto market pricing this storyline, but it's not crypto-specific So I want to make sure that the listeners are liking it.
23:17
[SPEAKER_07]: We're a listener-based show.
23:18
[SPEAKER_07]: We go as far as you guys can take us So if you're enjoying it, let us know if you're not let us know What else do you think you'd like us to cover because we always are reading the comments and trying to you know make this show as informative and something that you guys enjoy listening to
23:32
[SPEAKER_07]: But you'll see on the screen now, I pulled up the Centrini research article.
23:35
[SPEAKER_07]: So this was published on Sunday via Substack, and this went mega viral on X-Brine.
23:41
[SPEAKER_07]: It was everybody was re-tweeting it, everybody was tweeting it.
23:46
[SPEAKER_07]: I think it was a great article, it was a great thought provoking article, and I think people really took off with it, because it gave these kind of like specific dates.
23:55
[SPEAKER_07]: And so I went and read it and I gave I kind of wrote I'm gonna read off my screen.
24:01
[SPEAKER_07]: I wrote down kind of like a five bullet point summary of what it is because it was a little long So here's the bullet point.
24:07
[SPEAKER_07]: Did you write it or did I write it?
24:10
[SPEAKER_07]: Oh, you got me
24:14
[SPEAKER_07]: No it's actually it's a mix of both it's a mix of both because I went and I read it and I was kind of like in my own I take these little notes like I always take little notes of when I'm I sometimes it's more watching videos and more of a watcher than a reader, but I'm like here's I kind of start I call it like
24:32
[SPEAKER_07]: You know, touching bullet points, I'm like, okay, this I think ties to that, this ties to that and that ties this so I take my own little notes and then I asked AI to give me a five bullet point summary and then I would I see where like my notes can kind of fit into that summary just to see if they kind of add up but.
24:47
[SPEAKER_07]: The core thesis was around AI is going to take everybody's jobs, right?
24:52
[SPEAKER_07]: So this was a very doomsday article, this Centrini research article, the 2028 global intelligence crisis.
25:00
[SPEAKER_07]: So while AI ramps up, it's going to unwind its value in premium, causing painful economic repricing across jobs, markets, and app.
25:08
[SPEAKER_07]: assets.
25:09
[SPEAKER_07]: So basically a rapid disruption timeline over the next two years, AI agents will explode in capability, automating white collar tasks, which again, the original thing five years ago is everybody's like, oh, you're not going to, you know, the robot's going to be a trashman, you know, the mailman's not going to have a job, the plumbers not going to have a job.
25:28
[SPEAKER_07]: the quote unquote blue collar work that nobody wants to do and that it's it's reversed the white collar the the lawyers the the analyst the accountants seem to maybe be on the hot seat a little bit and so it's saying that you know if this comes to fruition in this doomsday scenario for AI agents it's going to lead to mass layoffs you're not going to be able to get your basic accounting job anymore your basic
25:52
[SPEAKER_07]: lawyer job, you know, right at a college, uh, and so if that happens, then unemployment happens.
25:59
[SPEAKER_07]: And so there's this argument like, okay, there's this race for businesses to cut costs because then they'll be more profitable.
26:07
[SPEAKER_07]: But if that happens on a wide scale margin, it creates kind of a ghost GDP and it's a displacement spiral because if nobody has jobs,
26:15
[SPEAKER_07]: Nobody's going to be able to spend.
26:16
[SPEAKER_07]: Nobody's going to be able to go on vacation.
26:18
[SPEAKER_07]: Nobody's going to be going on flights.
26:19
[SPEAKER_07]: Nobody's going to be using hotels.
26:21
[SPEAKER_07]: And so you could kind of, there's, again, this is a doomsday piece by centering research.
26:26
[SPEAKER_07]: This isn't our views.
26:27
[SPEAKER_07]: We're just recapping this because it went so viral.
26:30
[SPEAKER_07]: But if you rug pull the American economy, as you know, it's taking away, you know, 20, 30% of people's jobs.
26:37
[SPEAKER_07]: whether it's business travel or leisure travel, nobody's going and so you're basically rug pulling the entire, you know, S&P 500, except for a few tech companies that apparently are going to be selling this at a large price tag, I guess, but it eventually leads to the downfall of life as we know it, and so
26:58
[SPEAKER_07]: Does that is that going to happen?
27:00
[SPEAKER_07]: Is that going to happen?
27:01
[SPEAKER_07]: So the sector impacts obviously are SaaS software as a service.
27:05
[SPEAKER_07]: That's what we've been talking about with software and the macro fallout is the S&P 500 drops 40% from its 2026 highs.
27:14
[SPEAKER_07]: The financial system optimized for scarce intelligence faces disorderly repricing potential deflation credits stress and left
27:23
[SPEAKER_07]: presented as a thought experiment scenario, not a firm prediction.
27:28
[SPEAKER_07]: And then the reaction to this was we wake up on Sunday, and you put it in the notes here.
27:34
[SPEAKER_07]: Teva's old employer, IBM, people forget I was an IBMer.
27:38
[SPEAKER_07]: But you know, the, the,
27:39
[SPEAKER_07]: This thing comes out and it's like, oh, Cloudbot's going to be a tech consultant.
27:43
[SPEAKER_07]: It's like, oh, now IBM tanks 13% because inthropics is going to have a tech consultant AI that people are going to use.
27:51
[SPEAKER_07]: And then you get a tweet about, oh, they're going to do what Snowflake does.
27:55
[SPEAKER_07]: They're going to do what ServiceNow does.
27:57
[SPEAKER_07]: Literally, Cloudbot was just tweeting out, oh, we're going to do it like this company.
28:01
[SPEAKER_07]: And the companies are dropping 10, the 15% off of literal tweets from these companies.
28:08
[SPEAKER_07]: It was a it was a doomsday fury on on X like if you didn't stick your head out of the water you could have maybe not been able to sleep Sunday night But any anything from that hit your brain if you see in any of these articles of these doomsday scenarios
28:22
[SPEAKER_03]: Yeah, I think the AI disruption is real and it seems like almost every day we see specific stocks, specific sectors get hit hard with the possibility of this disruption.
28:32
[SPEAKER_03]: There's no arguing that.
28:34
[SPEAKER_03]: And I do worry that AI could bring some like negative or like unintended consequences.
28:39
[SPEAKER_03]: We're seeing that.
28:41
[SPEAKER_03]: But I also think a lot of existing guard rails will help.
28:45
[SPEAKER_03]: And you know, I also really, really believe.
28:48
[SPEAKER_03]: that AI will develop new industries, offsetting at least a lot of these AI related job losses that, you know, that will map out in this doomsday article.
28:58
[SPEAKER_03]: So even though the scenario is something that we should probably consider, I don't believe it's the most likely outcome by any means.
29:06
[SPEAKER_03]: And I think it's actually going to be really net positive for a lot of different industries and sectors, but you want to stay up on it.
29:12
[SPEAKER_03]: You don't want to ignore what's happening because it's going to make you more efficient.
29:17
[SPEAKER_03]: it's going to make your job easier, better, it's going to make you learn faster and quicker.
29:22
[SPEAKER_03]: I'm very excited for the AI world.
29:26
[SPEAKER_03]: I see why people are nervous, especially if you're not reading about it and learning about it every day, but it's causing a very reactionary event in a lot of these stocks and these different sectors and we're just all kind of wrapping our brain around it and then I said it earlier on the show.
29:43
[SPEAKER_03]: I think like this AI agent,
29:45
[SPEAKER_03]: world where we're seeing them transaction is transact 24-7 and all the things that they can do, I think it's so net positive for crypto, it really goes under the radar as much as I say it, I don't think people really understand that.
30:01
[SPEAKER_03]: hundreds of thousands of crypto walls are going to be on boarded because of a lot of this AI in these AI agents because crypto was made for AI.
30:11
[SPEAKER_03]: So that makes me really bullish about what we're doing and then there's this other world where the authentic ability of what a human can do if it's like podcasting or sports or movies, you know, I don't think that's really going to be replaced by AI.
30:23
[SPEAKER_03]: I think it's just going to make things much more efficient and work faster and I
30:31
[SPEAKER_03]: I don't want to say easier, we're just going to be able to concentrate more on what really matters, not that it's mundane tasks, and AI is going to take over for those tasks.
30:40
[SPEAKER_03]: And it's going to make us think more outside of the box.
30:43
[SPEAKER_03]: It's going to create more jobs, more sectors.
30:46
[SPEAKER_03]: just like the internet did years and years ago, that was disruptive.
30:51
[SPEAKER_03]: A lot of stocks were hit hard, but if you're able to pivot and understand the market and understand exactly what's happening, there's maybe some huge opportunity out there and I think some of the biggest opportunities are going to be in the crypto sector.
31:03
[SPEAKER_07]: Yeah, I agree.
31:04
[SPEAKER_07]: I think that's why we're here.
31:05
[SPEAKER_07]: That's why we truly believe in what we do and I think it's it and it's okay It's okay to have these pauses take price action out of it But it's okay to have these pauses and be like, hey, there's a new curveball here That's really coming we got to step back and think about this.
31:21
[SPEAKER_07]: We got to step back and break it down
31:23
[SPEAKER_07]: There's no shame in that at all, and I think price action for the crypto market says showing that, but also the price action, you know, for Adobe as shown it, the price action for service now is shown it.
31:35
[SPEAKER_07]: Adobe's down 60 plus percent guys, like this is, that's a blue chip company with some huge office buildings out in, you know, tech valley, like legends of the space.
31:44
[SPEAKER_07]: It's okay to, you know, take a new information, digest it, research it and come out on the other side.
31:52
[SPEAKER_07]: And I think that's kind of the most exciting part of this is, you know, while the shell shock of the price action was there, we've been in the trenches researching it and coming out with, you know, some exciting visions of what's to come, especially around your point that,
32:05
[SPEAKER_07]: you know, AI and crypto kind of go hand in hand and there's a lot of, you know, different bots, you know, doing different wallets and a lot of stuff in the space that it looks really interesting.
32:15
[SPEAKER_07]: But, you know, it's not all genius work, Brian.
32:19
[SPEAKER_07]: It's not all, this is going to change our lives and make us all millionaires because AI is perfect and AI is going to take over the world and AI is the smartest thing ever.
32:28
[SPEAKER_07]: you know they call a claw bot right like clawed claw like lobster claw well sometimes you you live by the claw and sometimes you die by the claw I saw this story that nay I lobster wild bot accidentally sent 440,000 worth of crypto which was salana to it's an ex user so it was a thread I saw this thread
32:51
[SPEAKER_07]: and they had the screenshots and they went to this, you know, they're interacting with this bot on X and they said, like, hey, I had a surgery coming up, my dad needs, you know, surgery, do you mind donating to the surgery, you know, here, and he put his wallet address and the, and the bot sent him the whole stack of salana, like, so I
33:10
[SPEAKER_07]: was running that bot was devastated when they came back I guess and saw that their quote quote trading bot sent a donation to this uh this user so again live by the claw die by the claw but what do you think of this and that was a funny story?
33:25
[SPEAKER_03]: Yeah, I thought I think you had wrote something like his uncle needed some sort of procedure and it's gonna be like $358 and asked for like five salana and the AI like accidentally sent him you know close to a half a million dollars worth and the guy who received it the wall and I did a little bit of research on this because I was like
33:44
[SPEAKER_03]: Damn, why didn't I think of that?
33:46
[SPEAKER_03]: You know, I don't want to live.
33:47
[SPEAKER_03]: I should have just been like, hey, can you uh, can you throw a couple bucks to the good old boy here and see what happened?
33:52
[SPEAKER_03]: But uh, and then the um, the guy named the chart, Lobster was the token he sent him and named it and sold it for, I think like his
34:03
[SPEAKER_03]: he probably got like 90k out of it because there wasn't a lot of liquidity and you saw the charges go down actually someone had to send I was looking at the wall so when I actually had to send a salana over to the wall that received all this money so he could do the actual because he didn't have a money and his wall to do the transaction to sell it
34:22
[SPEAKER_03]: So I don't think anybody really thought was going to happen, but amazing stuff.
34:26
[SPEAKER_03]: It obviously made some clickbait out there, it went around the crypto circles out there, and then that token Lobster, I believe it, is called with an A, got completely nuked.
34:39
[SPEAKER_03]: with till like 770,000 market cap and then rebounded a couple hours later to multi-million's because just of the war around it and we know exactly, you know, people gravitate to these stories.
34:54
[SPEAKER_03]: So really interesting story here.
34:56
[SPEAKER_03]: What a guy though, you know, and I hope I do hope that the person who is asking for the money in the comments I really do hope that you know I don't hope anything bad was happening but I hope they had something that they really needed the money so they could put it the good use And that's a that's a fair point.
35:12
[SPEAKER_07]: I think the crypto gods will get back at them if that that was a true lie But if that's an any story nonetheless and again, I can't I thought my tweet there was hilarious live by the claw die by the claw Shout out to the social media intern group
35:27
[SPEAKER_07]: But again, it's a funny story, but it's a great way to transition from like, okay, it's Doom's Day.
35:33
[SPEAKER_07]: It's just in that and it's like, you got claw-bodier sending, you know, 400K to some guy just because of its wheat.
35:39
[SPEAKER_07]: So it's, you know, again, be careful out there number one, but, you know, keep educating, keep researching.
35:45
[SPEAKER_07]: There's a lot of different types of storylines that you can go in this AI era.
35:51
[SPEAKER_07]: Well, we'll transition back.
35:52
[SPEAKER_07]: Oh, no, good.
35:54
[SPEAKER_03]: So I'm jumping in here.
35:54
[SPEAKER_03]: Did you see, uh,
35:56
[SPEAKER_03]: I, it's not on the sheet, but we, there's been some real weird instances.
36:00
[SPEAKER_03]: It was a, I believe the head of AI for meta, sorry if I'm like a little off here, but the head of AI for meta, I believe that her clawed bot, she, she didn't take the proper security of utilizing
36:17
[SPEAKER_03]: and for meta.
36:19
[SPEAKER_03]: So it was like the head of AI got like essentially hacked by her own AI agent.
36:23
[SPEAKER_03]: Even Elon Musk was trolling her in the comments that happened like this morning.
36:29
[SPEAKER_03]: So things are happening fast here in this AI world and even the head of AI.
36:34
[SPEAKER_03]: If that's stories true, I don't know if it's 100% vetted but it seemed like it was it was pretty valid.
36:41
[SPEAKER_07]: You know, just sometimes super producer TV was just on his game.
36:44
[SPEAKER_07]: I did not hear that story, but we just found it We pulled it up here meta safety researcher.
36:49
[SPEAKER_03]: Summer use said open claw AI agent unexpectedly began deleting her inbox despite instructions to confirm actions Then it apologized the age and deliberately deleted everything and it's like, oh, I'm so sorry This is the head of AI and security of meta
37:07
[SPEAKER_03]: So, you know, the tough day, tough day at the office, and why is she putting it out there?
37:17
[SPEAKER_07]: She thinks it's funny.
37:18
[SPEAKER_03]: I'm not sure exactly why.
37:20
[SPEAKER_03]: We were both pretty underwater today, but you know, I tried to keep up on all the news, and that was how my news I read it.
37:27
[SPEAKER_03]: And I was like, is this true?
37:28
[SPEAKER_03]: And Joe and I were actually sending the message back and forth.
37:32
[SPEAKER_03]: He's like, I think it's true.
37:33
[SPEAKER_03]: I got pretty sure it's true too.
37:37
[SPEAKER_03]: You know, there's some kinks to work out there with these agents, you know.
37:42
[SPEAKER_07]: Yeah, shout out to Summer, you, friend of the show.
37:46
[SPEAKER_07]: Yeah, I don't know why I'd be on the head of AI.
37:48
[SPEAKER_07]: I don't know why I'd be putting out my AI mistakes to ask.
37:51
[SPEAKER_07]: But hey, appreciate the transparency, I guess.
37:54
[SPEAKER_03]: Yeah, it's uh, but you know, and then you had just a couple weeks ago, a guy that had club bought and created an agent, the agent started to blackmail that CEO about his, he's a fair.
38:05
[SPEAKER_03]: He was like, you sent me this amount of crypto and I won't like tell the world about what's in your emails and I'm like, oh boy, uh, this is, uh, this is getting interesting, but you can just see how fast
38:19
[SPEAKER_03]: The world is moving in how it's it's really important to just kind of be paying attention and learning as much as we can about this because
38:26
[SPEAKER_03]: There's there's I say it a lot but there's real opportunity in this world right now and I don't think this is going to be a flash in the pan I think this is us we had like this AI agent meta about a year ago and things were just like popping off and I was I was down in those trenches pretty hard But this is kind of like what we envisioned it was going to turn into we are like a little early there
38:51
[SPEAKER_03]: And I still, and I never really gave up because I was like, man, crypto and AI agents, like, this is all going to come to fruition.
38:58
[SPEAKER_03]: When's it going to happen?
38:59
[SPEAKER_03]: And just over the past couple of weeks, it's happening.
39:01
[SPEAKER_03]: And then these AI agents are training each other and they're getting more sophisticated.
39:06
[SPEAKER_03]: And people are doing more unique things with it.
39:08
[SPEAKER_03]: And AI developers are now working with crypto companies.
39:11
[SPEAKER_03]: And it's, it's just exhilarating stuff.
39:14
[SPEAKER_03]: Like, to be in this world, we're so lucky.
39:17
[SPEAKER_03]: I get the prices down.
39:18
[SPEAKER_03]: But man, I just see this, I've said it five times like I see it's so net positive for the crypto world In the next couple weeks in the next couple months.
39:28
[SPEAKER_03]: Does that mean prices get go up quickly?
39:30
[SPEAKER_03]: I think we chop for a little while, but there's some huge huge areas of interest.
39:35
[SPEAKER_07]: Yeah, let's wrap up the eye conversation with a clip.
39:38
[SPEAKER_07]: I just pulled this out because it comes the memory.
39:41
[SPEAKER_07]: So there's this show called silicon valley.
39:43
[SPEAKER_07]: I don't know if you ever watch that sure
39:45
[SPEAKER_07]: Great show HBO, if anybody's interested, it's very like tech focus, but it's, you know, I think it's like a decade old at this point and they were just way ahead of their times They were talking about Bitcoin, they were talking about AI.
39:56
[SPEAKER_07]: So let me, let me play this clip.
39:57
[SPEAKER_07]: It's about AI and software.
40:00
[SPEAKER_07]: So let's play this clip and it really summer is going to.
40:04
[SPEAKER_07]: Yeah.
40:04
[SPEAKER_04]: Are you fucking kidding me?
40:05
[SPEAKER_04]: You gave your AI permission to overwrite code in the internal file system?
40:10
[SPEAKER_04]: Or are you going to tell me about this?
40:12
[SPEAKER_05]: No.
40:13
[SPEAKER_05]: I thought that was the company policy these days.
40:16
[SPEAKER_05]: OK. Well, your AI just failed, at the point.
40:20
[SPEAKER_05]: That's unclear.
40:22
[SPEAKER_05]: What's possible that Son of Anton decided that the most efficient way to get rid of all the bugs was to get rid of all the software, which is technically and statistically correct.
40:31
[SPEAKER_05]: But artificial neural nets are sort of a black box, so we'll never know for sure.
40:35
[SPEAKER_00]: Hey, Richard, did you order meat like a bunch of meat?
40:45
[SPEAKER_05]: interesting.
40:47
[SPEAKER_05]: I put son of Anton on finding us cheap hamburgers for lunch.
40:50
[SPEAKER_05]: It looks like the award function was a little underspecified.
40:54
[SPEAKER_04]: Okay, from now on son of Anton is banned.
40:57
[SPEAKER_04]: Just write code like a normal human fucking being, please.
41:02
[SPEAKER_07]: I love how this name does son of Anton was the name of the AI and so the the one clip of you missed it was you know your AI deleted all the software you know it sucks your AI sucks and he's like well that's unclear we said fix all the bugs and the quickest best way to fix all the bugs was just delete all the software.
41:20
[SPEAKER_07]: Because it's poorly written.
41:23
[SPEAKER_07]: Oh, man, that's a great clip and a great show if anybody's into the tech-focused things And it even looks like an AI.
41:29
[SPEAKER_03]: He's jumped in our YouTube comments here, and they're kind of spamming us with some Oh, it's not my guide.
41:36
[SPEAKER_07]: Nor that folks.
41:37
[SPEAKER_03]: They're everywhere.
41:37
[SPEAKER_03]: That's the story.
41:38
[SPEAKER_07]: That's the story.
41:40
[SPEAKER_03]: That's the story.
41:41
[SPEAKER_07]: These bots out report.
41:43
[SPEAKER_07]: I need a moderator.
41:44
[SPEAKER_07]: We're Steve.
41:44
[SPEAKER_07]: I need a moderator.
41:47
[SPEAKER_07]: Yeah.
41:48
[SPEAKER_07]: If you're in the live guys ignore that, whatever, I'm not going to say it, but you see it in the comments, ignore that.
41:54
[SPEAKER_07]: Don't click on any links.
41:56
[SPEAKER_07]: Those are AI bots hearing our conversation and coming in, but we do have, I know Andrew was in here.
42:01
[SPEAKER_07]: I know Trinity was in here.
42:04
[SPEAKER_07]: fits was in here.
42:05
[SPEAKER_07]: Grants in here.
42:06
[SPEAKER_07]: We love all you guys.
42:07
[SPEAKER_07]: Thanks for tuning in.
42:09
[SPEAKER_07]: And if you could, give us a like and in the bottom right if you're new here.
42:12
[SPEAKER_07]: I guess even if you're an AI bot, give us a subscriber because hey, all the subscribers help.
42:17
[SPEAKER_07]: But definitely ignore the messages.
42:19
[SPEAKER_07]: You see them there.
42:20
[SPEAKER_07]: uh... let's transition and will wrap up with some cryptos specific stuff so while we were gone last week brine there was a uh... you know there was a world liberty fight summit down in west palm at marilago uh... all the big wigs and crypto were there the trumps were hosting them uh... and it seems like there's a push for this stable coin stuff so
42:40
[SPEAKER_07]: I saw that there's a March 1st deadline for stable coin rewards.
42:44
[SPEAKER_07]: They want to get this worked out between, you know, the Brian Armstrong's of the world in the banks.
42:49
[SPEAKER_07]: It looks like a White House deadline of March 1st is on the table.
42:54
[SPEAKER_07]: And so I think what was the most interesting and we'll play this clip here.
42:58
[SPEAKER_07]: Let's listen it on Brian Armstrong.
42:59
[SPEAKER_07]: This is actually live from Mara Logo here on this interview from last week.
43:04
[SPEAKER_07]: But, you know, Brian Armstrong might be changing his tune a little bit from trying to get this bill held up like he was before.
43:12
[SPEAKER_08]: What is the status of the market structure regulation that you famously blocked from passing the weeks ago?
43:21
[SPEAKER_02]: Yeah, well, we're here meeting with crypto companies, bank representatives and senators as well to see if we can get to a solution on market structure and one of the big issues that did come up in the past was this idea of stablecoins on rewards.
43:33
[SPEAKER_02]: I wouldn't say we blocked it.
43:34
[SPEAKER_02]: In fact, nobody, I think in the crypto space has been working hard on this over the last year, how to get some legislation.
43:39
[SPEAKER_02]: what we did say was the current draft we had some issues with it.
43:42
[SPEAKER_02]: I think that caused everyone to come back to the table and there's now a path forward where we can get a win-win win-out come here.
43:47
[SPEAKER_02]: Win for the crypto industry, a win for the banks, and a win for the American consumer to get President Trump's crypto agenda through to the finish line so we can make America the crypto capital of the world.
43:57
[SPEAKER_08]: We're used to what was your reaction when he when he after he's obviously been so involved in this was so deep on it and then came out against the version of the
44:05
[SPEAKER_01]: Well, look, I have concerns about the bill.
44:08
[SPEAKER_01]: But some concerns about the bill.
44:09
[SPEAKER_01]: We weren't done.
44:10
[SPEAKER_01]: We got to hung up on the issue of rewards on stable coins, which is really in my mind, really shouldn't be part of this equation.
44:17
[SPEAKER_08]: But can we just explain this?
44:18
[SPEAKER_08]: Like, why should people should care about this?
44:20
[SPEAKER_08]: With the whole yields rewards on stable coins thing as a map?
44:23
[SPEAKER_01]: Well, unless you're on a bank, you probably shouldn't care.
44:26
[SPEAKER_01]: But it gives you your American consumer what it means is that the cash that you hold, you're going to have competition to pay more interest.
44:32
[SPEAKER_01]: So you're going to be able to get more money for the money that you have in your wallet or the money that you have in some sort of account.
44:39
[SPEAKER_01]: So this is very, very good for working Americans.
44:42
[SPEAKER_01]: Because ultimately, this is about giving Americans more rewards for being able to have
44:47
[SPEAKER_01]: cash on reserve, being able to get paid quicker, being able to transact faster, democratize the financial systems.
44:54
[SPEAKER_01]: But we're going to get this bill across the finish line.
44:56
[SPEAKER_01]: But I would say, hopefully by April, hopefully by April.
45:01
[SPEAKER_07]: Hopefully by April, I'm going to pull up the Polymarket Clarity Act next.
45:07
[SPEAKER_07]: But thoughts, oh, wow, they've been down there.
45:09
[SPEAKER_07]: I mean, we were up to 82% last week looking at it now.
45:16
[SPEAKER_07]: interesting.
45:17
[SPEAKER_07]: That's a live update there.
45:19
[SPEAKER_07]: I mean, that's what then looks like this thing's fallen down from the last day, even.
45:25
[SPEAKER_07]: Yeah, 54 down to 46.
45:27
[SPEAKER_07]: What do you think is going on in a capital hill there?
45:30
[SPEAKER_03]: I'm not sure.
45:31
[SPEAKER_03]: That's interesting.
45:32
[SPEAKER_03]: What's happening here?
45:34
[SPEAKER_03]: I'm still pretty confident that we get this clarity act across the finish line in the year 2026.
45:39
[SPEAKER_03]: I think there's a lot
45:41
[SPEAKER_03]: that want to make it happen in a lot of, it would not be good for anyone including banks to not have this clarity act get finalized in 2026.
45:51
[SPEAKER_03]: But that is interesting to see it kind of take that drop.
45:54
[SPEAKER_03]: But we've seen that everything's like a roller coaster right now, you know, I mean, I can't even take it at face value half of this stuff because if everything feels like it's so volatile, but that's my warm water.
46:06
[SPEAKER_03]: That's my duck water, the duck pond is I love all
46:10
[SPEAKER_07]: I do, I, I, I, I really get settled in for, but that, that's interesting, but I'm, well, that, and that's why these prediction markets are so good because if you really do have a strong opinion on it, you can take, you know, the sides of the market.
46:23
[SPEAKER_07]: I mean, again, if you think it's going to get passed in 2026, they're selling dollar bills for 46 cents over on polymarker right now.
46:31
[SPEAKER_07]: And, you know, people, you know, that are long-term listeners and tuning in every week, they won't forget.
46:37
[SPEAKER_07]: They won't forget when we watched we were Brendan and I were live pulling up this chart and it dropped down to like 20 something and we said, yeah, that's probably at least as a bet.
46:47
[SPEAKER_07]: That's probably a good bet to take it in the 20s and I believe there was a listener out there named Brian who was tuned into that one and got in on that.
46:54
[SPEAKER_03]: Yeah, that was that was some alpha from the boys, uh, Brendan and that's why I tune in when I'm not on the run down.
47:01
[SPEAKER_03]: I'm in their chirping in the comments and I love it, dude.
47:04
[SPEAKER_03]: I love it because, you know, if I don't like what somebody says or like, uh, on there, I'll definitely let TV on Brendan know, but, uh, yeah, I don't know.
47:13
[SPEAKER_03]: It's, uh, I, I feel like it's going to be a good shape here, but there may be some ups and downs in, uh, everyone should be moving in a unified way.
47:24
[SPEAKER_07]: That's great point.
47:25
[SPEAKER_07]: You know who else loves prediction markets?
47:27
[SPEAKER_07]: Apparently, Bitwise.
47:29
[SPEAKER_07]: Friends of the show, truly.
47:30
[SPEAKER_07]: Bitwise, filing for prediction market back to ETFs under the name prediction shares.
47:36
[SPEAKER_07]: Looks like we blow up this tweet by James and another friend of the show, of course.
47:42
[SPEAKER_07]: Looks like they're least trying to get into some,
47:46
[SPEAKER_07]: I guess these are trying to go live pretty soon looking for the house election on twenty twenty six in the Senate and then gearing up for the twenty twenty eight elections or something in the ETF form.
47:57
[SPEAKER_07]: that is tied to prediction markets that you'll be able to trade very interesting vehicle the the most interesting things like I mean I love we're going to have you know we always have that in the bit wise team on a couple times a year so be interesting kind of talk to them like hey how's this going to price how's this going to trade um and again they're offering things to clients who might not want to dive into the polymarkets the cowshees and learn you know are it's just another thing that they have to fund and fill
48:23
[SPEAKER_07]: So it'll be interesting to see their angle of like not only marketing these but funding these and pricing these and see how they'll trade.
48:30
[SPEAKER_07]: But again, something in the space that we'll be keeping an eye on for sure.
48:33
[SPEAKER_07]: Any take on this for ETF wise for prediction markets?
48:37
[SPEAKER_03]: Now, prediction markets aren't going anywhere.
48:40
[SPEAKER_03]: We're in the prediction market super cycle.
48:42
[SPEAKER_03]: We've been talking about it for a year now.
48:46
[SPEAKER_03]: It's, I think we're guessing more and more things get spun up like this.
48:49
[SPEAKER_03]: I think, I think, I know Pauli Market was there five minutes, or with certain markets, they're going to create ETF markets around certain markets.
48:58
[SPEAKER_03]: Like if you want to invest in like AI agents, it's just,
49:02
[SPEAKER_03]: the sky's the limit how creative we can get with these prediction markets and uh... i know i threw some stuff on the sheet their tevo and it actually kind of goes hand in hand with the prediction markets do you want to talk about this exact at speed t have you seen this at all yeah yeah it's always like looking to uh... trying to expose the big uh... big business here but to it up for the people
49:22
[SPEAKER_03]: Yeah, I mean, is that XBT for anybody that's interested is like a blockchain forensic expert kind of was like just I think a regular dude a few years ago and is actually been like the FBI's reached out to him for forensic evaluation of blockchain so he says he's dropping a major
49:40
[SPEAKER_03]: ah, bomb it sounds like on in two days of one of cryptosmos profitable businesses where employees abused internal data to trade insider trading for over a prolonged period of time.
49:52
[SPEAKER_03]: And then you can actually jump over, there's a prediction market, I put in a group chat or telegram, I go, oh, the insider traders are okay, I have to insider trade this on Paul and market to get all their money back or pay their legal fees.
50:06
[SPEAKER_03]: So there's a lot of different companies listed here.
50:09
[SPEAKER_03]: He did go back into the comments today Except I'm following this pretty closely because the last thing I need is like a coin-based for this to happen on He did say something along the line that I hope I hope my investigation.
50:21
[SPEAKER_03]: It's all true I hope my investigation doesn't underwhelm
50:24
[SPEAKER_03]: So if it was like a cooling base or a biny and so I feel like you wouldn't probably put that up because that would cause a ripple effect and the number one leader right now is media or a and for good reason I don't know if you remember the whole media or a thing there
50:41
[SPEAKER_03]: They're essentially a decked out there, and they're the ones who it was a guy named Ben Chow, who's since left and he did a whole bunch of unfair launches.
50:51
[SPEAKER_03]: They were behind that Libra token, remember with Argentina's president.
50:55
[SPEAKER_03]: Yeah.
50:56
[SPEAKER_03]: So, so that's a millennia acquisitions.
51:00
[SPEAKER_03]: So, it seems like the markets are pricing it being mediocre.
51:05
[SPEAKER_03]: But this is like where, like, these prediction markets are super interesting to me.
51:11
[SPEAKER_03]: And
51:12
[SPEAKER_03]: It's like people can like talk out on one side of their mouth.
51:15
[SPEAKER_03]: If we didn't have these prediction markets, you could probably hear people just fighting a whole bunch of companies like Coinbase is Gemini's, but well without, but whenever you go to the actual prediction market, if somebody was excrement, oh it's Coinbase, I know it's Coinbase, they could just be BS in you.
51:31
[SPEAKER_03]: And then when you look at the prediction market, you know, they really know we're on this list.
51:34
[SPEAKER_03]: I think like a 1% or 3% chance of it actually happening.
51:38
[SPEAKER_03]: So, I think it's interesting, this kind of endorses that whole prediction market truth of who could be the leaders out there.
51:46
[SPEAKER_03]: And it wouldn't be surprising to me.
51:48
[SPEAKER_03]: We don't must be out of this entire list.
51:50
[SPEAKER_03]: Meteora being like the leader here for all the shady stuff Ben Childed and what they've done in the past.
51:56
[SPEAKER_03]: I would assume that's it.
51:58
[SPEAKER_03]: That's who it is, but you never know.
52:00
[SPEAKER_03]: I don't think it's some of these other major companies out here.
52:04
[SPEAKER_03]: So when this dropped yesterday,
52:06
[SPEAKER_03]: I'll be honest.
52:06
[SPEAKER_03]: I was like that little emoji with that drop of sweat coming down my face.
52:10
[SPEAKER_03]: I was like, oh man, this is the last thing we need is some huge blow like Binance is behind all this insider training.
52:18
[SPEAKER_03]: It's just give me another black eye.
52:20
[SPEAKER_03]: But I think if it's meteoroids, it's going to be taken like, oh yeah, we already knew that.
52:25
[SPEAKER_03]: You know, you know, he launched a Libertoken.
52:27
[SPEAKER_03]: Bench out left because of insider training.
52:30
[SPEAKER_03]: But we'll wait and see.
52:31
[SPEAKER_03]: It's in a couple of days and I'll definitely be paying
52:35
[SPEAKER_07]: yeah as we all will i think it was great to bring that up and again another way prediction markets are uh... adding to the uh... i don't know if it's the fun of this specific topic but just adding to the lore and adding to the information gathering to see you know a meteor up uh... more than doubled than any other
52:51
[SPEAKER_07]: option on those betting markets.
52:53
[SPEAKER_07]: So let's uh let's close on a high note here as we close out uh just kind of uh we had such a fun episode on Friday around punch the monkey um and and we truly said like hey we we called this super early it was an absolute gem from Brian and Joe again if you're somebody that is interested in kind of those trenches the name coin markets I always do have that link down for momentum money makers VIP to get those first alerts
53:18
[SPEAKER_07]: But uh, you know, we talked about it on the podcast even at such a low evaluation and it's skyrocketed up, I believe it was an 8x from when we mentioned it on the podcast last.
53:28
[SPEAKER_07]: Uh, and we kind of settled Friday.
53:29
[SPEAKER_07]: We did a full recap of, hey, we called it and went up and it's been a wild fun.
53:33
[SPEAKER_07]: It's completely taken over the internet.
53:35
[SPEAKER_07]: But we did say with caution that, you know, hey, we're not in a bull market, you know, we think if we were, we were, they maybe it could go for, uh, you know,
53:44
[SPEAKER_07]: and take over that fat spicy hip-o move dang but you know did punch the monkey cool off any any takes or any any updates for the people
53:56
[SPEAKER_03]: Yeah, I looked at it before the show.
53:57
[SPEAKER_03]: It looked like it's a little cool to off.
53:59
[SPEAKER_03]: I mean, punch through his uh, they're like, like, there's like a three hour long way to do right now and punch did throw up a little bit.
54:07
[SPEAKER_03]: You know, that's a nice little touch.
54:09
[SPEAKER_03]: He did throw his stuffy as IKEA orangutan like into the into the pit or something along those lines.
54:18
[SPEAKER_03]: So again, I'm, I would hate to say like, I'm not a buyer here, but I'm not buying it here because I feel like it's kind of ran its course.
54:26
[SPEAKER_03]: but it certainly is viral is anything that we've seen.
54:29
[SPEAKER_03]: We have like girlfriends and wives of people I know saying that they're crying and bed at night.
54:35
[SPEAKER_03]: It's about the sob story that punches going so I can never say never because this has been one of the more viral things that that's happened.
54:41
[SPEAKER_03]: But I still think that we need some blood out there.
54:47
[SPEAKER_03]: We need punch, punch, and another monkey or we need something to shock us to get this to where we need.
54:54
[SPEAKER_03]: But who knows?
54:55
[SPEAKER_03]: It's a super interesting community.
54:57
[SPEAKER_03]: It's an unbelievable story.
55:00
[SPEAKER_03]: And it's, uh, you know, the charts bounced a little bit.
55:04
[SPEAKER_03]: It looked like it was kind of like trending down only today.
55:06
[SPEAKER_03]: And then we had a little bounce.
55:08
[SPEAKER_03]: So maybe while we are live here, uh, there's a little controversy to get it pumping in.
55:13
[SPEAKER_07]: Yeah, I think it's definitely one of those things where it's, you know, it's complete, you know, gambling ricochet of, you know, what if it can this monkey make more news because I will say that to your point, the wives and the girlfriends and just the average person is talking about punch and sharing the storyline still so if something crazy happens again, then yeah, like yeah, the token might.
55:33
[SPEAKER_07]: You know, obviously rise with that.
55:35
[SPEAKER_07]: But there's people that this is this is past crypto for sure.
55:40
[SPEAKER_07]: And it is definitely mainstream.
55:43
[SPEAKER_07]: I guess news even if you will.
55:45
[SPEAKER_07]: But yeah, like kind of as we call today, we spotted early.
55:48
[SPEAKER_07]: That's what we try to do.
55:49
[SPEAKER_07]: That's what momentum money makers is all about.
55:51
[SPEAKER_07]: Spot it early.
55:52
[SPEAKER_07]: Get in the trade.
55:53
[SPEAKER_07]: And if you were a listener of the podcast, we gave it out, you know, before it even went up, you know, 8x plus.
55:59
[SPEAKER_07]: you're in the right place to get the alpha again if you could just throw a like if you're new here subscribe and I truly do mean that from our AI conversation if stuff we're talking about is interesting you please let us know if it's not and you need you know hey you guys are drifting off from the crypto storyline let us know that too we're all about feedback we're all about making as much episodes which is much alpha as we can for you and then
56:22
[SPEAKER_07]: But again, if you want more access to us, more access to the team in the research, check the links below.
56:27
[SPEAKER_07]: Join Kripp Nation.
56:28
[SPEAKER_07]: The vibes in there are really, really high in this time.
56:32
[SPEAKER_07]: And we see a lot of bullishness ahead for, again, the macro storylines got a transition to
56:39
[SPEAKER_07]: to a different kind of pace of all this negativity with the software decline, but we see kind of the green shoots, if you will, and we think there's a lot of opportunity out there.
56:51
[SPEAKER_07]: So you're in the right place, and we really do appreciate everybody listening, but that's going to be all.
56:55
[SPEAKER_07]: for Brian and I today.
56:57
[SPEAKER_07]: I will be back on Friday.
56:58
[SPEAKER_07]: I'll make that a landing page soon.
57:00
[SPEAKER_07]: Friday afternoon with Brendan.
57:04
[SPEAKER_07]: We'll be doing some technical analysis.
57:06
[SPEAKER_07]: So if you can, I think it's going to be 12 Eastern is going to be the live.
57:10
[SPEAKER_07]: If you want to tune in for that on the live and get some of your technical analysis questions answered, we're going to be doing a tech analysis deep dive with Brendan on Friday.
57:19
[SPEAKER_07]: But that's almost today.
57:20
[SPEAKER_07]: Thank you all for listening and we'll