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Crypto Rundown: What the Bitcoin Whales Are Doing Will Shock You · CRYPTO 101

• 0:08
  [SPEAKER_03]: All right, everybody.
• 0:09
  [SPEAKER_03]: Welcome back to another crypto rundown.
• 0:13
  [SPEAKER_03]: There is a market sell off going on tech is down.
• 0:16
  [SPEAKER_03]: Bitcoin is down there.
• 0:17
  [SPEAKER_03]: Some high flying downward stocks today in the AI trade a little bit of a momentum online Bitcoin taking it a little bit on the chin itself was down.
• 0:27
  [SPEAKER_03]: Let's see 24 hours down three and a half
• 0:29
  [SPEAKER_03]: So we're going to break that all down, but along with the price action, there is a little bit of a clear window of some new news that we want to cover with you guys today.
• 0:37
  [SPEAKER_03]: Again, the fundamentals keep building behind the crypto markets.
• 0:40
  [SPEAKER_03]: We know the AI trade and momentum was flying high.
• 0:43
  [SPEAKER_03]: There is a down draft today in this market sell off.
• 0:45
  [SPEAKER_03]: So we're going to gather it up.
• 0:46
  [SPEAKER_03]: We're going to pull up the charts.
• 0:47
  [SPEAKER_03]: We're going to pull up coin market cap.
• 0:48
  [SPEAKER_03]: We're going to break down the news for you all in this say 40 minutes with my friend Brian.
• 0:53
  [SPEAKER_03]: Brian, welcome to the show.
• 0:54
  [SPEAKER_03]: I hope you had a good weekend.
• 0:55
  [SPEAKER_03]: We got a little bit of the chat going on.
• 0:57
  [SPEAKER_03]: Holy whale.
• 0:58
  [SPEAKER_03]: Julie and legend Matt Beaver's welcome guys.
• 1:00
  [SPEAKER_03]: Anybody else that jumps in?
• 1:01
  [SPEAKER_03]: Let us know where you're from.
• 1:03
  [SPEAKER_03]: Brian, welcome to the show.
• 1:04
  [SPEAKER_03]: Fun little Tuesday for us.
• 1:07
  [SPEAKER_01]: I mean, I'll tell you what, and you know exactly where I'm going with this.
• 1:10
  [SPEAKER_01]: It's a, it's a, it literally snuck a little piece of information in right before we went live here.
• 1:16
  [SPEAKER_01]: That's the big guy's birthday today.
• 1:18
  [SPEAKER_01]: It's Tvo's birthday.
• 1:19
  [SPEAKER_01]: We might be celebrating the market or talking about the market, I should say.
• 1:24
  [SPEAKER_01]: But this, this rundown should be pretty much just the Tvo show centered all around you.
• 1:30
  [SPEAKER_01]: He snuck it in on me just a few minutes ago, everyone.
• 1:32
  [SPEAKER_01]: I am absolutely floored.
• 1:37
  [SPEAKER_03]: That's true, just a hint under 30 for anybody that's asking, but also don't ask for my license either.
• 1:43
  [SPEAKER_03]: Thank you, Brian.
• 1:43
  [SPEAKER_03]: Appreciate it.
• 1:44
  [SPEAKER_03]: Oh, yeah, I didn't even sneak it in.
• 1:46
  [SPEAKER_03]: I think the company slack let you aware and your response was, whoa, that'd be worth it.
• 1:53
  [SPEAKER_03]: Um, I appreciate it.
• 1:54
  [SPEAKER_01]: It's guy doesn't sleep everybody.
• 1:56
  [SPEAKER_01]: Like let's just really honor what's happening here He was on the road last week.
• 2:01
  [SPEAKER_01]: I'm watching him in his think it was this parent's basement at one point He's very fired it up as internet connection going in and out or maybe that was a couple of Yeah, but he's he's back and lights on and it's just freaking birthday deliver them from the people
• 2:16
  [SPEAKER_03]: No sleep is an understatement.
• 2:18
  [SPEAKER_03]: I think last 10 days Oregon to Delaware to Atlantic City to Virginia Beach Sunday night in front of 18,000 at that concert.
• 2:27
  [SPEAKER_03]: I was helping to make some fun little content for on the weekend.
• 2:30
  [SPEAKER_03]: But there's nowhere else I'd rather be a man of the people.
• 2:33
  [SPEAKER_03]: I love doing this.
• 2:34
  [SPEAKER_03]: We say it all the time.
• 2:35
  [SPEAKER_03]: We appreciate all the listeners and all the community members.
• 2:38
  [SPEAKER_03]: So for your birthday.
• 2:40
  [SPEAKER_03]: What else would I rather do?
• 2:42
  [SPEAKER_03]: I love doing the rundowns, love the team.
• 2:43
  [SPEAKER_03]: Love you, Brian.
• 2:44
  [SPEAKER_03]: Super fun.
• 2:45
  [SPEAKER_03]: And thank you for the birthday wishes coming in.
• 2:47
  [SPEAKER_03]: I see them.
• 2:48
  [SPEAKER_03]: Thank you guys so much.
• 2:49
  [SPEAKER_03]: Another year, older, another year, wiser thus better crypto trading this year.
• 2:55
  [SPEAKER_03]: No doubt.
• 2:56
  [SPEAKER_03]: So let's jump into it.
• 2:57
  [SPEAKER_03]: We'll pull up coin market cap here.
• 3:00
  [SPEAKER_03]: again a little bit of a red it just feels like one of those days where there's a little bit of an unwind I saw the momentum trade was going down you know space we'll talk about SpaceX a little bit later in the show that hit it's you know new IPO high and has been trading lower of the last couple days and looks at the seven day for the 20 that's coin market cap 20 at 6% down Bitcoin about 6% Ethereum a little more at eight some Ethereum news we're going
• 3:29
  [SPEAKER_03]: we'll pull up the let's see don't share that let's share this fear and greed is sitting at about 20 it says so again it's just one of those times it's like it feels like selling may and go away is in full effect especially for crypto it's just in that holding pattern waiting on the
• 3:49
  [SPEAKER_03]: Clarity act and kind of seeing what the rules of the road are so there's but with that said there's a lot of fundamentals underneath the market We're gonna talk about but Brian will hand it off to you as we stare at the 20 just on the cusp of extreme fear once again What do you feel in with the price action before we jump in the fundamentals?
• 4:07
  [SPEAKER_01]: Yeah, I mean, a 20 feels about right, you know, I opened up the coin market cap first thing this morning and I closed it pretty quickly after squinting a little bit and it's not it's not surprising.
• 4:18
  [SPEAKER_01]: I've been saying it's a market updates.
• 4:19
  [SPEAKER_01]: We said on some rundowns that it does feel like we're going to kind of chop in this zone for a little while it's summertime, the dog days of crypto wait for the clarity act.
• 4:36
  [SPEAKER_01]: What the status is out there now.
• 4:38
  [SPEAKER_01]: I don't even really want to know because they'll probably change in an hour and it feels it feels about right.
• 4:45
  [SPEAKER_01]: Obviously Institutions long term are some buyers are there.
• 4:49
  [SPEAKER_01]: I'm still as bullish as ever on the crypto market and blockchain But we're gonna we're gonna have some up and downs here.
• 4:56
  [SPEAKER_01]: It doesn't surprise me that we're peeling back a little bit It will let's see how far we actually drip here
• 5:03
  [SPEAKER_01]: But it's pretty accurate.
• 5:05
  [SPEAKER_01]: I mean, again, it doesn't feel like always lost or anybody should be overly concerned.
• 5:11
  [SPEAKER_01]: It's just one of those days, maybe.
• 5:13
  [SPEAKER_01]: We're in it, dude.
• 5:14
  [SPEAKER_01]: You and I, I'm following this price.
• 5:16
  [SPEAKER_01]: I'm looking for the best opportunities every single day.
• 5:19
  [SPEAKER_01]: But, you know, normal retail investors, people that are just doing this, you know, in their spare time, I don't blame them if they just want to touch a little bit of grass, you know, they will look the other way, because there's a lot of catalysts were waiting for, so this feels about right, um, it just is what it is, no real,
• 5:37
  [SPEAKER_01]: I'm not sounding the alarm.
• 5:38
  [SPEAKER_01]: I've told everybody on the run down like if I ever lose faith there's some major concern.
• 5:43
  [SPEAKER_01]: I'd be the first place I would say it.
• 5:46
  [SPEAKER_01]: I'm as bullish as ever where we're going in the future, but the market, you know, it's choppy and let's get a price state choppy.
• 5:53
  [SPEAKER_03]: Yeah, and I think we've covered that on multiple levels with the price action with me and you talking, we've had Brendan on to in the charts, we're going to do that again on Friday with Hunter.
• 6:01
  [SPEAKER_03]: I think we're going to do a Brendan Hunter special, first ever, so it'll be interesting to get some, you know, some different takes.
• 6:06
  [SPEAKER_03]: That's what I love about this show is bringing on our different analysts and personalities to get different thoughts.
• 6:11
  [SPEAKER_03]: We can look at the charts with Brendan and Hunter and see what, you know, what they think maybe some of the same opinions, maybe some different.
• 6:17
  [SPEAKER_03]: So that'll be your awesome episode on Friday.
• 6:19
  [SPEAKER_03]: And then, yeah, I agree.
• 6:21
  [SPEAKER_03]: It's just, you know, we've kind of said it technically, there doesn't seem to be a catalyst to the upside to break through that resistance quite yet.
• 6:29
  [SPEAKER_03]: We've been in this 60 range, you know, again, eventually the range will break.
• 6:32
  [SPEAKER_03]: There's a break through the upside to the downside.
• 6:34
  [SPEAKER_03]: Nobody knows anybody guaranteeing one of the other is lying to you.
• 6:38
  [SPEAKER_03]: But we kind of know what the game is at this point.
• 6:41
  [SPEAKER_03]: It's preserving capital.
• 6:42
  [SPEAKER_03]: It's understanding that, you know, hey, this price is a solid for long-term.
• 6:46
  [SPEAKER_03]: If you've done your research, again, not personal financial advice, but I think so.
• 6:52
  [SPEAKER_03]: And again, if it goes lower, great, you know, you got to make sure you have some capital if it goes higher, you can play the breakout and we've kind of taught you along the way, you know, hey, the fundamentals are hot, but the technical is aren't.
• 7:01
  [SPEAKER_03]: So if you kind of see those two pair back and lock step, then you got some brighter days ahead, but we're just not quite there yet.
• 7:08
  [SPEAKER_03]: So not personal financial advice, but I did turn this on a couple weeks ago.
• 7:11
  [SPEAKER_03]: I think I can't remember if I mentioned it on here, not
• 7:14
  [SPEAKER_03]: But I did do the, you know, I just did the automatic weekly buys for Bitcoin, flipped it on not thinking about it small small, you know, again, just to smack away each week, nothing crazy because again, yeah, sprinkles were sprinkling right now and you know, I think long term, this is where you want to accumulate and I also don't think I'm alone and I'm glad I did this couple of weeks ago because this is the stat that I love to see see we brought this stat up.
• 7:39
  [SPEAKER_03]: uh... flip side it was around a hundred k when we said hey a lot of long-term bit coin holders started to sell uh... and that was kind of like an interesting like hey this is a chai we've covered this on the show a lot was a changing of the guard it was like a these long-term holders they made uh... unbelievable amount of money their start they found their price in their handing over
• 7:59
  [SPEAKER_03]: they're Bitcoin to the ETFs and the people that want to buy and it's a new generation of Bitcoin holders almost.
• 8:06
  [SPEAKER_03]: And so they sold and now it seems like they're coming back.
• 8:09
  [SPEAKER_03]: So the data starts to show that this cohort that took profit at the top is starting to accumulate on the decline.
• 8:17
  [SPEAKER_03]: So it'll be interesting to follow this stat.
• 8:20
  [SPEAKER_03]: But again, these are the the whales that have been around for a long time.
• 8:24
  [SPEAKER_03]: So if you can entice them to jump back in, I think that's
• 8:29
  [SPEAKER_01]: Yeah, I mean, this is textbook supply tightening.
• 8:32
  [SPEAKER_01]: We can do our exiting and wild strong cans that are starting to absorb some of the supply.
• 8:37
  [SPEAKER_01]: When the ETF or just the macro-driven demand returns, that available folks could probably be a little bit thinner, man.
• 8:44
  [SPEAKER_01]: So if it does feel like it's a little bit like the beginning of a classic setup for volatility to the upside, I know we're leaking the wrong way, we're in the summer here, but this is,
• 8:55
  [SPEAKER_01]: this is slightly bullish to me to see that some people are starting to get back in because they get back in before the masses.
• 9:01
  [SPEAKER_01]: That's exactly what happens and we're starting to see a little bit more sprinkling and you might be sprinkling some dollar cost averaging as well actually last week I started doing the same thing.
• 9:11
  [SPEAKER_01]: I was like you know it certainly feels like
• 9:14
  [SPEAKER_01]: This is a good time to just start, you know, slowly building a little bit more of my portfolio because before you know, it fingers crossed, you know, at the right time and a few months from now, six months from now, we may be looking back and be like, man, remember when Bitcoin was 62k, I mean, we full port, but this feels like a good time to sort of kind of doll or cost averaging in, not financial advice, but we're not alone.
• 9:38
  [SPEAKER_01]: There's a lot of people doing it.
• 9:39
  [SPEAKER_01]: It looks like.
• 9:40
  [SPEAKER_03]: Yeah, I think some people say you should write a trading diary, a lot of people do that.
• 9:46
  [SPEAKER_03]: And so you can remember how you felt.
• 9:48
  [SPEAKER_03]: And I remember the first time we were doing those, we were trying to break through a hundred and there would be nights you'd be sitting and there would be that low volatility 97, 98, 99, and then it broke through a hundred, 100, 100, 100, too, on a three and you're sitting there excited, but you're also like damn, I knew it's 72, I wanted to buy more.
• 10:06
  [SPEAKER_03]: I knew it, I knew that was, we were going.
• 10:09
  [SPEAKER_03]: you kind of remember those days and again things change all the time you get new information obviously we've covered all the reasons of of kind of Monday morning quarterback what we think cause this market to nose dive a little bit whether it's the cycle or the at the excuse me the AI trade but again you got to do your research and come up with with your continuation thesis of is this where you want to be and for me it's it's you know it's kind of the portion of where we are in
• 10:38
  [SPEAKER_03]: for me is like, okay, I still believe in this long term.
• 10:41
  [SPEAKER_03]: It doesn't feel good, but when you don't feel good, that's when you should sprinkle a little bit.
• 10:45
  [SPEAKER_03]: And so you flip those on and you don't think about it.
• 10:47
  [SPEAKER_03]: And you got to make sure that you're doing your risk analysis and making sure that you have dry powder for where we are in these volatile times.
• 10:55
  [SPEAKER_03]: Cause again, the momentum and stuff that I like to track with the general market is Bitcoin, we'll get tied up in that again.
• 11:02
  [SPEAKER_03]: So when you see SpaceX flying up 67%
• 11:08
  [SPEAKER_03]: You know, all these AI trades that we've covered a little bit from afar of like, hey, this is where the momentum is right now.
• 11:13
  [SPEAKER_03]: You know, as that on lines, I don't think that crypto will be immune to it or if it on lines totally.
• 11:19
  [SPEAKER_03]: But also, I also think as it's just kind of like what we talk about, there's rotation of money.
• 11:23
  [SPEAKER_03]: The money, the money goes and it rotates, the money goes and it rotates.
• 11:27
  [SPEAKER_03]: So it'll be interesting to cover.
• 11:30
  [SPEAKER_03]: what's going to happen next, but a good sign that the whales, the whales of old are buying.
• 11:35
  [SPEAKER_03]: And there's still people that are coming out with some high-end price targets.
• 11:38
  [SPEAKER_03]: All that you do this one is you put the link on the sheet, but Adam, Adam, back coming out and giving some insight.
• 11:45
  [SPEAKER_01]: Yeah, I mean, at a back blockchain CEO, I think it's blockchain and he's like a cyberpunk legend, I mean, do you and I are saying like we're the permeables, we got some mics and we're saying what we believe, but when a guy like Adam back comes out and he says he thinks that Bitcoin could hit that 500,000 to a million dollar mark, he's not just verbally vomiting on us and he's saying that by I think 2028.
• 12:08
  [SPEAKER_01]: There's some real justification there.
• 12:09
  [SPEAKER_01]: That's high conviction from one of the Bitcoin's earliest and most respected figures.
• 12:14
  [SPEAKER_01]: And he's not just calling a number.
• 12:15
  [SPEAKER_01]: He's framing it as the natural outcome for Bitcoin catching up to gold's market cap and institutional flows.
• 12:23
  [SPEAKER_01]: And it's credible, long-term bullish framing.
• 12:26
  [SPEAKER_01]: And I think he's one of those guys that we have to really listen when he speaks.
• 12:30
  [SPEAKER_01]: And I believe this is a clip that, you know, he sounds pretty sharp here of why he's saying this.
• 12:37
  [SPEAKER_03]: Sure, let's take a look.
• 12:37
  [SPEAKER_03]: We can, it's two minutes long.
• 12:39
  [SPEAKER_03]: Maybe we won't listen to the whole thing.
• 12:41
  [SPEAKER_03]: Looks like this guy's team and I'm up for our questions.
• 12:43
  [SPEAKER_03]: We'll jump in 18 seconds here and check out what he has to say.
• 12:46
  [SPEAKER_00]: This is next four years for Bitcoin to reach a million in 2030.
• 12:50
  [SPEAKER_02]: And I'm not much, I mean, I think just the market dynamic could do it with the current demand almost right.
• 12:58
  [SPEAKER_02]: I think this past the this harving period so far
• 13:07
  [SPEAKER_02]: just from the, you know, new retail interests and new ETFs, even without institutions.
• 13:11
  [SPEAKER_02]: So we'll see how it evolves.
• 13:13
  [SPEAKER_02]: You know, people are soft.
• 13:15
  [SPEAKER_02]: I'm short memory.
• 13:16
  [SPEAKER_02]: So they forget the previous harbing cycle had three tops.
• 13:20
  [SPEAKER_02]: So yeah, like a 64,000 or 69,000 and then a bit of a bear period and then a 73 and a half right before the harving.
• 13:26
  [SPEAKER_02]: So you know, here we are, we're about the time of the first two tops.
• 13:31
  [SPEAKER_02]: You know, they've all gained another one, right?
• 13:33
  [SPEAKER_02]: And there's like a, so who knows?
• 13:34
  [SPEAKER_02]: It's, and as you said, you know, the, there are new types of fires in the market now, and people can only so once, you get this kind of consultational phase where you have some people are leaving and some new, new, stronger hands are of zorby the Bitcoin.
• 13:49
  [SPEAKER_03]: So what, what, you, you, you, you, you, you, you, you,
• 13:52
  [SPEAKER_03]: interesting he says I like that you can only sell once I guess a few especially if you sell all of your bag right you can only sell once so looking for some consolidation here interesting point of that transitional hands of who has the the bags now of kind of what we said the old hands were trading to the new hands now the new you know not all the new hands but seemingly so as we've covered with the especially the outflows of the ETFs some you know some shake and some shakey hands there and then a seemingly with the on-chain
• 14:22
  [SPEAKER_03]: positive momentum, if you will, at least news flow wise for some for some Bitcoin consolidation and long-term holds.
• 14:31
  [SPEAKER_03]: And then he also had to take about strategy as well, Brian.
• 14:37
  [SPEAKER_01]: Yeah, I mean, he basically is calling out strategy because what they were, um, about the Bitcoin sale and he just kind of mentioned why he thought that wasn't as, uh, as the market reacted in too big of a negative fashion for that 32 Bitcoin, um, sale, which I agree and he's he's basically calling it out and directly him basically calling it out.
• 15:01
  [SPEAKER_01]: basically is removing a lot of that fun.
• 15:04
  [SPEAKER_01]: It's really a neutral take on it, but I thought it was really interesting that he addressed this as well because sailor and strategy has become such a focal point in spotlight of this cycle and you see himself just a minimal amount of Bitcoin and the market did not like it.
• 15:21
  [SPEAKER_01]: It's interesting to see a guy like Adam Beck really addressed it.
• 15:23
  [SPEAKER_01]: I mean Adam Beck,
• 15:24
  [SPEAKER_01]: at one point and still is is mentioned to be one more commonly people associated with actual actually being Satoshi.
• 15:32
  [SPEAKER_01]: So this isn't just some guy that's out there, you know, pushing his bags or trying to get involved.
• 15:38
  [SPEAKER_01]: I really respect what he says and so I thought it was a really interesting take here and he's just basically saying that the strategy Bitcoin sales not as bearish as everyone thinks and I agree with it but I understand the market reaction
• 15:55
  [SPEAKER_03]: Yep, and then some new strategy selling more shares 335 million and acquiring 520 more Bitcoin and average price of 67,000.
• 16:06
  [SPEAKER_03]: So yet another buy where sailors a little under water on already, right now.
• 16:12
  [SPEAKER_01]: you know what was interesting here though is what 35 million of that went to Bitcoin, but I think 300 of it of the so someone's strategy it looks like a 300 million of that went to cash so he's gonna have 300 million bucks we we've kind of talked about that like how's it get a couple of these dividends where's it get this cash so it does look like he's chosen his horse he's not gonna be selling any Bitcoin anymore in the near future at least to cover some of these
• 16:39
  [SPEAKER_01]: cash obligation so it does look like he has about $300 million more in cash and whenever this was announced it was a day or two ago it did seem like the market did like this that you know he's he's prepping possibly to just have cash on hand so again um shaggy and sailor doing what shaggy and sailor does but I think it's really encouraging to see that you know he he stockpiled a little bit of cash to go over
• 17:03
  [SPEAKER_03]: Yeah, that is good to see.
• 17:05
  [SPEAKER_03]: I'm sure that comms the nerves after that a little bit of selling, you know, something to watch is as this financial alchemy continues how much cash they have on their balance sheet when they report earnings for micro strategies.
• 17:18
  [SPEAKER_03]: Going to be a huge focal point of kind of guessing, you know, what and how they can do to fund that dividend.
• 17:26
  [SPEAKER_03]: But BlackRock some positive some positive speak obviously you could say a little bit of talking their bags But we played a clip can't remember if you want or if it was with Brendan of Rick Reader The CIO BlackRock saying some positive things about Bitcoin as well But being honest and saying hey, there's other things I'm looking at but long term You know, this is a part of our portfolio BlackRock saying that some renewed upside around midterm elections
• 17:52
  [SPEAKER_03]: uh... you know obviously they're probably talking their book a little bit with also looking into maybe the clarity act getting through we're going to cover that in the show later but uh... always good to hear some positive things from black rock
• 18:04
  [SPEAKER_01]: Yeah, I mean, this is just more instant, I mean, the, they have bags, you know, we get that.
• 18:09
  [SPEAKER_01]: And, you know, of course they're going to probably talk positive about this.
• 18:12
  [SPEAKER_01]: But I think there's a lot of smart people behind this.
• 18:14
  [SPEAKER_01]: And it's institutional validation that Bitcoin can be a premier macro hedge against the US fiscal irresponsibility.
• 18:23
  [SPEAKER_01]: You know, it's that whole digital gold story.
• 18:25
  [SPEAKER_01]: We haven't seen that completely,
• 18:28
  [SPEAKER_01]: unfold the way we expected it this go around, but it's another layer of professional conviction from the largest asset manager in the world, and it makes sense because in the midterms, it historically creates volatility with policy and in just overall the political environment, and we could see some, I like this take.
• 18:49
  [SPEAKER_01]: I think Bitcoin could have
• 18:52
  [SPEAKER_01]: a little bit of a turnaround when this midterm comes around.
• 18:54
  [SPEAKER_01]: We'll get you to see everything shakes out, but I really do like this take.
• 18:58
  [SPEAKER_03]: Yeah, and I'll just pull this up now, the Clarity Act.
• 19:01
  [SPEAKER_03]: So looking like Congress scheduled a hearing for the Clarity Act on July 17th.
• 19:06
  [SPEAKER_03]: Again, that's good and subcommittee fields hearing building the future of finance, how the Clarity Act on locks innovation.
• 19:13
  [SPEAKER_03]: So this is more progress of education to the people that are going to
• 19:18
  [SPEAKER_03]: Apparently vote on this stuff.
• 19:19
  [SPEAKER_03]: So it looks like a little bit more momentum.
• 19:22
  [SPEAKER_03]: I wouldn't say I guess we could pull up the polymarkin odds while we're here I don't think this would be necessarily market moving.
• 19:28
  [SPEAKER_03]: Have you seen the poly market clarity act that odd recently since we last It's a rundown, but I'm getting gas.
• 19:34
  [SPEAKER_01]: I'm going to guess.
• 19:35
  [SPEAKER_01]: I'm going to say 46%.
• 19:40
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• 19:40
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• 19:41
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• 19:42
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• 19:43
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• 19:44
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• 19:44
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• 19:45
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• 19:45
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• 19:46
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• 19:46
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• 19:47
  [SPEAKER_01]: That's right.
• 19:47
  [SPEAKER_01]: That's right.
• 19:47
  [SPEAKER_01]: That's right.
• 19:48
  [SPEAKER_01]: That's right.
• 19:48
  [SPEAKER_01]: That's right.
• 19:49
  [SPEAKER_01]: That's right.
• 19:50
  [SPEAKER_01]: That's right.
• 19:50
  [SPEAKER_01]: That's right.
• 19:51
  [SPEAKER_01]: That's right.
• 19:51
  [SPEAKER_01]: That's right.
• 19:52
  [SPEAKER_01]: That's right.
• 19:52
  [SPEAKER_01]: That's right.
• 19:53
  [SPEAKER_01]: That's right.
• 19:53
  [SPEAKER_01]: That's right.
• 19:53
  [SPEAKER_01]: That's right.
• 19:54
  [SPEAKER_01]: That's right.
• 19:56
  [SPEAKER_01]: and as well as under 30, it's again, I think the Clarity Act is the single biggest unlocked for mainstream institutional and corporate capital even with the delay from the earlier hopes.
• 20:10
  [SPEAKER_01]: The fact that it's still progressing and showing bipartisan momentum is big.
• 20:15
  [SPEAKER_01]: Clear rules,
• 20:16
  [SPEAKER_01]: Britain will reduce risk premiums in enable bigger balance sheet allocations and they'll just be more liquidity that gets unlocked again I think it's huge is this clarity act happens this year I think it's gonna happen, but man, we talked about it all the time.
• 20:31
  [SPEAKER_03]: I just talked about waiting till the last minute Yeah, yeah, it's always I guess it was always gonna be a sweat
• 20:39
  [SPEAKER_03]: So, we'll keep checking on, we've been there.
• 20:43
  [SPEAKER_03]: We've been there.
• 20:44
  [SPEAKER_03]: Yeah, we've been there.
• 20:45
  [SPEAKER_01]: The lights still on.
• 20:46
  [SPEAKER_01]: I didn't even see a flicker back there, so I'm still feeling pretty good.
• 20:50
  [SPEAKER_03]: True, lights always on, baby.
• 20:52
  [SPEAKER_03]: Some interesting news at a Franklin Templeton, which you knew about, if you listened to the recent episode of the Crypto 101 podcast, they've acquired 250 digital and they're gonna be launching Franklin Crypto.
• 21:06
  [SPEAKER_03]: So you want to make sure that you go, if you have not, let me pull up the exact square of my notes here.
• 21:11
  [SPEAKER_03]: It was episode 728.
• 21:13
  [SPEAKER_03]: I think it was a week or two ago.
• 21:14
  [SPEAKER_03]: So EP episode 728 with Chris Perkins and Chris Perkins.
• 21:20
  [SPEAKER_03]: It was the CEO of 250 digital that got acquired and he will now be heading Franklin crypto.
• 21:25
  [SPEAKER_03]: So we had a conversation with him before the news fully.
• 21:30
  [SPEAKER_03]: I mean, it was kind of known that it was happening, but before the
• 21:35
  [SPEAKER_03]: We had an interview with Chris, who's going to be running the Franklin Crypto Division.
• 21:37
  [SPEAKER_03]: So go back and listen to episode 7, 28 with Brendan and Bryce as they interviewed Chris Perkins.
• 21:43
  [SPEAKER_03]: But again, for like the Templeton, just continuing to build within the crypto ecosystem.
• 21:49
  [SPEAKER_03]: I think we pulled it up.
• 21:50
  [SPEAKER_03]: I went and got some specifics on this.
• 21:52
  [SPEAKER_03]: We talked about how they're filing Franklin Templeton's filing for a US equity Bitcoin drip ETF.
• 21:57
  [SPEAKER_03]: And so the idea of the drip ETF is there's going to be a holding of stocks.
• 22:01
  [SPEAKER_03]: And then all the dividend from those stocks is going to be
• 22:04
  [SPEAKER_03]: And so I found some of the specifics, so it's going to be 95% stocks, 5% Bitcoin to start, and then the dividends are going to be invested into Bitcoin only, and then there's a hard cap of 20% Bitcoin.
• 22:16
  [SPEAKER_03]: So it's going to be like a little bit of an actively managed fund in theory when Bitcoin rises, as you accumulate Bitcoin through the dividends, as Bitcoin rises if the balance of that gets to 20% then they will start selling.
• 22:30
  [SPEAKER_03]: of the Bitcoin to, I guess, reinvest into the stocks erased and cash.
• 22:33
  [SPEAKER_03]: So I actually thought that was a pretty cool unique, uh, for all the products that are going out there in the financial alchemy as we like to call it.
• 22:41
  [SPEAKER_03]: I thought that was a cool, uh, a cool idea.
• 22:44
  [SPEAKER_01]: Yeah, it's great to see them get a little bit creative.
• 22:46
  [SPEAKER_01]: And I think the earliest possible launch for this is sometime in September and still need some full SEC approval.
• 22:53
  [SPEAKER_01]: But it's great to see that some of these big players are thinking outside of the box.
• 22:58
  [SPEAKER_01]: And you love to see them acquiring Bitcoin.
• 23:00
  [SPEAKER_01]: We need more headlines like this.
• 23:02
  [SPEAKER_01]: We need more attention over there because institutions are still fully vested in blockchain and Bitcoin.
• 23:10
  [SPEAKER_01]: So again, I think it's a bullish side of things.
• 23:15
  [SPEAKER_03]: I agree now I guess well we'll see what the take is here.
• 23:19
  [SPEAKER_03]: I'll hand it off to you first bullish or not a couple takes around Ethereum here.
• 23:23
  [SPEAKER_03]: So Ethereum foundation announces a new structure that will be cutting 20% of its workforce thought that was quite interesting and then Vitalik had a booklong tweet year one of those ones where you kind of scroll and you're like oh congrats or sorry
• 23:42
  [SPEAKER_03]: But the summary of it is, sorry, that happened to you.
• 23:45
  [SPEAKER_03]: Give me some of it is, the fear of the foundation and budget is being cut.
• 23:50
  [SPEAKER_03]: And we've talked about how they've been selling their teeth.
• 23:52
  [SPEAKER_03]: They're now getting tighter team.
• 23:56
  [SPEAKER_03]: I don't know Brian, what are your thoughts here?
• 23:58
  [SPEAKER_03]: There's some, we have some other news that will get to you next.
• 24:00
  [SPEAKER_03]: That's maybe a little bit more bullish, but this doesn't seem good for the foundations.
• 24:06
  [SPEAKER_01]: You can look at this in a couple different ways, you know, off the cuff, it's it's painful short term, you know, but it does feel like it's a little necessary to mature trimming overhead and refocusing on the poor the core protocol that's scaling usability, the L1 improvements is the right move and a more efficient
• 24:26
  [SPEAKER_01]: Ethereum foundation delivers this faster and more net-positive for Ethereum's long-term competitiveness.
• 24:33
  [SPEAKER_01]: So, I don't think it's horrible, short-term.
• 24:36
  [SPEAKER_01]: It doesn't look great, but it's probably the right way.
• 24:40
  [SPEAKER_01]: What was the company recently?
• 24:41
  [SPEAKER_01]: Was it like Coinbase or something that cut like 2000 jobs?
• 24:45
  [SPEAKER_01]: And I was like, yeah, off the cuff.
• 24:47
  [SPEAKER_01]: It was a lot.
• 24:47
  [SPEAKER_03]: It did.
• 24:48
  [SPEAKER_03]: Coinbase did.
• 24:49
  [SPEAKER_03]: Robin Hood cut some jobs the other week.
• 24:52
  [SPEAKER_03]: Yeah, teams are trimming, they're getting
• 24:56
  [SPEAKER_01]: Yeah, I don't think they're bagging out on their thesis or the investment, but they're they're they're trimming a little bit and they're refocusing on the core protocol and the Ethereum foundation I think probably needs to do that I don't I mean I hate to see people use their job or any sort of cutting of any sort of employment, but it's it I'm going to I'm going to hope it's the right move I did not read the tax entire post here I should have
• 25:25
  [SPEAKER_01]: But it did seem, he was just really, he's just always pushing that decentralized ethos.
• 25:30
  [SPEAKER_01]: You know, it's kind of classic, his classic, you know, point of view with decentralization.
• 25:38
  [SPEAKER_03]: Yeah, I guess some of that he's saying, like, hey, they're not saying that we're losing, you know, he's like, a lot of P times, the summary of what I read was the, hey, usually companies say we're cutting back and, you know, we're not losing anything, you know, we're moving forward, our team got too quote-unquote bloated.
• 25:54
  [SPEAKER_03]: I don't think he's really saying that.
• 25:55
  [SPEAKER_03]: He's saying, Hey, there's some stuff that we will be missing, but the deficit over here, this line, the deficit will be recovered through more work happening outside the EF, but not all.
• 26:05
  [SPEAKER_03]: So what are the grand sacrifices that will enable leaner effort to accomplish all of this and then he kind of goes in like, Hey, here's what will be accomplishing more with the leaner effort.
• 26:13
  [SPEAKER_03]: But what we are losing, the deficit will be recovered outside of it, which I thought was really interesting, because at this point, you know, when they keep selling their Ethereum, the stakeholders that have been stacking it, like BitMine, S-Bet, sharp link, you know, they, they are in a way are becoming,
• 26:31
  [SPEAKER_03]: new guards to the system right and kind of they're going to donate money or invest in different companies to build out the network there's more arms to this thing which I guess is referring to that the talent tweet.
• 26:42
  [SPEAKER_03]: So here's what I saw is bit-mind and sharp link and Ethereum co-founder Joe Lubin backing non-profit eth labs research group.
• 26:51
  [SPEAKER_03]: to accelerate Ethereum development and institutional adoptions.
• 26:54
  [SPEAKER_03]: This is exactly what he was referring to.
• 26:56
  [SPEAKER_03]: He was like, hey, there's a lot of stakeholders outside of EF that are going to be helping guide us into the future.
• 27:01
  [SPEAKER_03]: And it's been interesting to cover the alchemy of 5% for BitMine.
• 27:05
  [SPEAKER_03]: They're basically almost there, sharp link.
• 27:08
  [SPEAKER_03]: I write rescheduled their CIO.
• 27:11
  [SPEAKER_03]: He's coming back on the pod in a couple weeks.
• 27:13
  [SPEAKER_03]: So we'll get a cool update with them.
• 27:14
  [SPEAKER_03]: And we'll bring up this tweet.
• 27:15
  [SPEAKER_03]: He labs to get a deep dive on it.
• 27:21
  [SPEAKER_03]: Ethereum stakeholders and I think this is part of that process.
• 27:25
  [SPEAKER_01]: Yeah, I mean, it's it's certainly interesting to see how it's all gay shake out here for Ethereum and what they're building.
• 27:32
  [SPEAKER_01]: You know, I think you're dressed at great.
• 27:35
  [SPEAKER_03]: Yeah, and just I thought this was interesting.
• 27:38
  [SPEAKER_03]: World coin going live on Robinhood.
• 27:41
  [SPEAKER_03]: World coin had some some interesting backers.
• 27:45
  [SPEAKER_03]: Wasn't that the one with Sam Altman?
• 27:48
  [SPEAKER_01]: Yeah, scanning your eyes for 50 bucks.
• 27:51
  [SPEAKER_01]: I think that was it, right?
• 27:53
  [SPEAKER_03]: Yeah, I just thought it was interesting.
• 27:55
  [SPEAKER_03]: I mean, yeah, we tried to ask Robin Hood, Johan Kerbot when he was on or just like, what, what's your decision?
• 28:03
  [SPEAKER_03]: Like, how do you guys go about choosing what goes on?
• 28:06
  [SPEAKER_03]: He's like, ah, there's a bunch of different things.
• 28:07
  [SPEAKER_03]: Obviously, momentum's won if people are talking about it.
• 28:10
  [SPEAKER_03]: But there's a number of different things that go into it.
• 28:13
  [SPEAKER_03]: So I don't know.
• 28:13
  [SPEAKER_03]: I just thought that was interesting.
• 28:14
  [SPEAKER_03]: I was like, why would?
• 28:15
  [SPEAKER_03]: Worldcoin go live now.
• 28:17
  [SPEAKER_03]: I wonder if there's something that we don't know, you know?
• 28:19
  [SPEAKER_01]: Yeah.
• 28:19
  [SPEAKER_01]: I mean, listening on a major retail friendly platform, it obviously expands the accessibility and liquidity, but it's certainly an interesting time for it to come about.
• 28:29
  [SPEAKER_01]: I was never a big Worldcoin guy because that whole scanning of your eyeball, just, you know, I was like, I don't know.
• 28:35
  [SPEAKER_01]: I don't really want that done.
• 28:36
  [SPEAKER_01]: Would you get your eyeball scan for 50?
• 28:39
  [SPEAKER_01]: Uh, not probably not.
• 28:41
  [SPEAKER_01]: Yeah, and I especially know you're burnt there.
• 28:43
  [SPEAKER_01]: Who knows what comes out.
• 28:44
  [SPEAKER_03]: Yeah, you'd have to throw in like a cheese stick or something.
• 28:49
  [SPEAKER_03]: Uh, so you got some bit, bit tense or news, bit tense was the bell of the ball.
• 28:53
  [SPEAKER_03]: Ay, ay, ay is the beginning of the year, and then definitely momentum faded a little bit, but back in the news here.
• 28:59
  [SPEAKER_03]: Uh, what are you reading into it?
• 29:02
  [SPEAKER_01]: Yeah, I mean, you know, it was, it was, it was, it was the bell, it's a great way to put it and we had some subnet saying that they were two centralized and now they're trying to push forward to a level of decentralization.
• 29:14
  [SPEAKER_01]: So it's a rather level of transparency and honesty from the leadership and I absolutely love that that they're acknowledging the move fast while centralized, but the path of laying out the concrete milestones builds a lot of credibility.
• 29:29
  [SPEAKER_01]: And if they deliver on the road map,
• 29:31
  [SPEAKER_01]: Bit-tensor could become one of the stronger more decentralized AI in the center of networks.
• 29:36
  [SPEAKER_01]: I think this is slightly bullish for Bit-tensor or the Tal token long term.
• 29:41
  [SPEAKER_01]: It looks like they're trying to move to a more decentralized model, and that was one of the knocks that they had from one of their sub-nets that they were too centralized.
• 29:49
  [SPEAKER_01]: So it looks like the leadership took that to heart.
• 29:51
  [SPEAKER_01]: and now they're looking to revamp it slightly so I like bit tensor I like tau so I'm definitely going to be paying a little bit closer attention to how this is all going to shake out over the next few months.
• 30:02
  [SPEAKER_03]: Good and we'll cover it here for you guys for sure.
• 30:06
  [SPEAKER_03]: Let's see oh man of course they're signing me out of my crypto 101 podcast account as I'm trying to pull up the sheet and
• 30:15
  [SPEAKER_03]: on my drive classic live live content here.
• 30:20
  [SPEAKER_03]: Sign back in.
• 30:21
  [SPEAKER_03]: Oh, Jared from Subway.
• 30:23
  [SPEAKER_03]: Oh, my God.
• 30:23
  [SPEAKER_03]: The world famous.
• 30:25
  [SPEAKER_03]: Well known.
• 30:25
  [SPEAKER_03]: Never bought.
• 30:26
  [SPEAKER_03]: This can take away Brian.
• 30:27
  [SPEAKER_03]: This is this is your this is your department.
• 30:30
  [SPEAKER_01]: Well, I guess we should talk about like, where this name comes from, Jared from Subway that he's a looting to it being a sandwich attack.
• 30:39
  [SPEAKER_01]: It's going to be a mevbot, sparked a large pending trade from a regular user.
• 30:44
  [SPEAKER_01]: And that ball will quickly buy right before the users pushing if it pushes the price up.
• 30:49
  [SPEAKER_01]: And let's a user's trade execute at a worse price.
• 30:53
  [SPEAKER_01]: then immediately sells right after pushing the price down and the regular trade or gets what they call sandwich and loses money and slippage slippage while that bought profits.
• 31:04
  [SPEAKER_01]: It's a unique way to do it.
• 31:06
  [SPEAKER_01]: I'm sure I've been sandwiched from Jared in the past as well, but yet about 15 million bucks.
• 31:13
  [SPEAKER_01]: uh, in his wallet and it could drain and really a sophisticated kind of honeypot style exploit that tricked the automatic logic into approving malicious contracts and then this even took another, um,
• 31:29
  [SPEAKER_01]: another take where I think he hopefully I get this all right here.
• 31:33
  [SPEAKER_01]: So that's what happened Jared Jared from subway loses 15 million but a lot of people in the industry are like yeah you kind of got what you deserve because you were like kind of screw in regular users for so long and that was like 15 million bucks in their own money.
• 31:50
  [SPEAKER_01]: I don't I don't have too big of a take there.
• 31:53
  [SPEAKER_01]: I don't
• 31:54
  [SPEAKER_01]: But then yeah, I believe this was yesterday.
• 31:57
  [SPEAKER_01]: He came out and he said he was going to give a white hat bounty of seven and a half million if anybody could recover it and then there was a I think it was like the meta mask a meta mask.
• 32:12
  [SPEAKER_01]: Uh, you can't do anything called them all these names.
• 32:16
  [SPEAKER_01]: He's like, you can't, this isn't illegal.
• 32:19
  [SPEAKER_01]: He's like, what do you go to do to doctor yourself?
• 32:21
  [SPEAKER_01]: I bet that's the last thing you want to do.
• 32:23
  [SPEAKER_01]: Just take it and eat it.
• 32:24
  [SPEAKER_01]: You, you lost the money.
• 32:26
  [SPEAKER_01]: So it's really interesting, but this is a very well-known, eth name.
• 32:32
  [SPEAKER_01]: And you lost $15 million in this exploit.
• 32:35
  [SPEAKER_01]: It sucks.
• 32:36
  [SPEAKER_01]: But it's certainly kind of making its way around the time of the show and it'll be in 15.
• 32:40
  [SPEAKER_03]: It's a 7.5 here.
• 32:46
  [SPEAKER_01]: I thought it was 15 and he was offering 7.5, maybe I got that a little wrong.
• 32:53
  [SPEAKER_01]: That's how it was 15, it was offering 7.5 for the actual of Amplicate help recover it.
• 32:59
  [SPEAKER_01]: But long story short, he lost millions of freaking dollars and not a lot of people are crying over what he lost.
• 33:08
  [SPEAKER_03]: Okay.
• 33:10
  [SPEAKER_03]: It was an interesting character who made money in an interesting way, so we don't feel bad for this guy.
• 33:15
  [SPEAKER_03]: This was the summary of it and that is one expensive foot long.
• 33:21
  [SPEAKER_03]: 7.5 or 15, it's an expensive foot long for not going to the show.
• 33:28
  [SPEAKER_01]: The $5 foot long got a little bit more expensive.
• 33:31
  [SPEAKER_03]: That's an out inflation.
• 33:34
  [SPEAKER_01]: Yeah, I'm kind of doing it appears that after the fact saying closer 15 they're saying the stolen amount was yeah so it was being reported at 15 that's why now saying the stolen amount was closer to 7.5 so he at least lost 7.5 with the operator claiming the total losses were closer to 15 million so he lost a lot did.
• 33:57
  [SPEAKER_01]: long story short but i don't know i'm not i'm not losing sleep i i would feel horrible if this was like just a regular user who is absolutely attacked but you know he was he was praying on you know the regular retail users for two to long you know it is what it is i don't have much of a take other than it was definitely interesting story that's been floating around
• 34:20
  [SPEAKER_03]: interesting.
• 34:22
  [SPEAKER_03]: I guess we could wrap up.
• 34:23
  [SPEAKER_03]: I thought it'd be cool to wrap up some space x talks.
• 34:26
  [SPEAKER_03]: So today up 5% on the 5 day down 40% I'm sorry, 20% overall basically traded back even to its IPO price, which credits us.
• 34:41
  [SPEAKER_03]: We kind of called really, if you want to trade this thing out of the gate, probably some opportunity there, but I think
• 34:47
  [SPEAKER_03]: You know, a long term and you know, maybe it's a buy, maybe it's not.
• 34:50
  [SPEAKER_03]: You got to hear what research there, the it's a fascinating company with an interesting balance sheet and revenue when it comes to profitability for sure.
• 34:58
  [SPEAKER_03]: You got to do your research there, but we nailed it on this show, which I am pretty proud of.
• 35:03
  [SPEAKER_03]: Because we said, hey, out of the gate here, there's going to be some volatility.
• 35:06
  [SPEAKER_03]: There's definitely some trading opportunity, especially if you could get those pre-IPO shares.
• 35:11
  [SPEAKER_03]: But once it starts trading,
• 35:12
  [SPEAKER_03]: Yeah, there's going to be a little bit definitely some exit liquidity and those lockups haven't even really started yet.
• 35:18
  [SPEAKER_03]: So maybe more pressure.
• 35:20
  [SPEAKER_03]: Maybe this is fair value for long-term holders.
• 35:22
  [SPEAKER_03]: We'll have to see any any insights into SpaceX Brian.
• 35:27
  [SPEAKER_03]: Any especially around like the tokenized stocks, any news on on all that stuff that you've been following.
• 35:33
  [SPEAKER_01]: Yeah, I mean, this was like the talk of the town for like a couple weeks at the SpaceX IPO.
• 35:38
  [SPEAKER_01]: I know Joe was heavily involved in it.
• 35:40
  [SPEAKER_01]: I was watching very close.
• 35:41
  [SPEAKER_01]: I mean, this thing ran up to like 220 bucks on an absolute rocket ship up and it's slowly bleeding back, uh, yeah, credit to us.
• 35:50
  [SPEAKER_01]: I think we we called this out pretty correctly because we knew there was a low flow.
• 35:54
  [SPEAKER_01]: But I think it was like 4.55% initially and there's a naturally some sell off by I think
• 36:03
  [SPEAKER_01]: So in three months or two and a half months from now, we could see another leg down.
• 36:07
  [SPEAKER_01]: I would not be shocked by that in by any means.
• 36:11
  [SPEAKER_01]: I do really like SpaceX.
• 36:13
  [SPEAKER_01]: I think they're doing some really unique things.
• 36:15
  [SPEAKER_01]: I think it could be a very interesting stock to hold.
• 36:18
  [SPEAKER_01]: I have zero exposure to it.
• 36:20
  [SPEAKER_01]: My whole plan was to kind of just watch this, you know, play out, especially because we have two big IPOs coming up this year as well.
• 36:28
  [SPEAKER_01]: We got an open AI and an anthropic coming out.
• 36:31
  [SPEAKER_01]: which is going to get some attention as well and maybe I'll dabble in that.
• 36:34
  [SPEAKER_01]: But a lot of these initial IPOs, a lot of people point the Facebook initially is that you can see, you know, that initial spike up, then it just kind of bleeds out for six months all the way to a year, year and a half.
• 36:47
  [SPEAKER_01]: And then, you know, it slowly starts to go up.
• 36:49
  [SPEAKER_01]: So obviously, people who got in a pre IPO are going to probably install right around that three month mark.
• 36:56
  [SPEAKER_01]: I'll be watching it closely because I'd like to get some exposure.
• 37:00
  [SPEAKER_01]: I wouldn't be surprised if we're lower than this in three months from now.
• 37:04
  [SPEAKER_01]: What's your take there?
• 37:05
  [SPEAKER_03]: That was always my thought.
• 37:06
  [SPEAKER_03]: I saw I got, I didn't get a ton.
• 37:08
  [SPEAKER_03]: I think I got like 50 shares or something.
• 37:10
  [SPEAKER_03]: It was a couple grand and then I sold it at 200.
• 37:14
  [SPEAKER_03]: Um, I thought that blow off top was 225 and then it crashed down to 200.
• 37:18
  [SPEAKER_03]: I was like, okay, I'm up 70% here, like, let's take that.
• 37:23
  [SPEAKER_03]: I got dinged because I did it on Robino and it's like, hey, if you sell this after within 30 days, you get like,
• 37:29
  [SPEAKER_03]: Blackballed from future IPOs for 90 days or something and I was like, I don't know, I just feel like this is going to go back down to its IPO price eventually with the on locks and so sold it took the nice little profit will take it and
• 37:44
  [SPEAKER_03]: That's what I said on the show was like, hey, this thing blows up or pops off.
• 37:48
  [SPEAKER_03]: I'm selling, and I think there's more selling pressure to come.
• 37:52
  [SPEAKER_03]: Now, what I don't, here's the thing I don't, an open and honest, is just like, I don't know what fair value is because it's not a profitable company.
• 38:00
  [SPEAKER_03]: It has interesting profitable things.
• 38:03
  [SPEAKER_03]: It has X-A-I profitable space.
• 38:06
  [SPEAKER_03]: I'm not spaced out.
• 38:07
  [SPEAKER_03]: Starlink.
• 38:07
  [SPEAKER_03]: Starlink is a great internet brand that I think is going to really take off.
• 38:12
  [SPEAKER_03]: They have so many pieces of it.
• 38:14
  [SPEAKER_03]: I think and then you got to think.
• 38:16
  [SPEAKER_03]: So the way I might play this and then again, this is not personal financial advice.
• 38:20
  [SPEAKER_02]: This is just a couple friends here talking trading in crypto and stocks.
• 38:24
  [SPEAKER_03]: I feel like the play might be to sprinkle that would be like whatever money you would invest.
• 38:28
  [SPEAKER_03]: This is a long term.
• 38:30
  [SPEAKER_03]: So I'm thinking like this, I might even do this in like an IRA, like a tax-free IRA.
• 38:36
  [SPEAKER_03]: And so what I think I'm gonna do is put a chunk of change in for an IRA and just buy weekly right now is SpaceX and Tesla.
• 38:46
  [SPEAKER_03]: The same amount each week and the hopes would be that Tesla's gonna get acquired by SpaceX.
• 38:53
  [SPEAKER_03]: And so you could you could I think if that happens SpaceX trades off a little bit.
• 39:01
  [SPEAKER_03]: and but Tesla would go up a lot probably I don't know 20, 30, 40% of that actually if the number of that deal went through and then that's the merger waiting for and then that it's just like a future it's a futuristic company like I think there it's like a hundred times earnings so like what are you really buying you're buying a call option on Elon Musk and rockets which is awesome um
• 39:24
  [SPEAKER_03]: It's rocket robots AI and Musk, it's like that's that's what it is.
• 39:29
  [SPEAKER_03]: So I think in the short term of like a year to two years, it's going to be a liquidity instrument.
• 39:35
  [SPEAKER_03]: It's like, hey, bull market, pile in, bear market, that's going to be one of the first things people are going to sell.
• 39:41
  [SPEAKER_03]: And then you got a factor in the lock-ups where it's like, hey, if you've been in this thing five, 10 years and you have astronomical gains,
• 39:48
  [SPEAKER_01]: you're gonna you're gonna take some off the table for sure just from a position sizing thing like i think some of these funds are gonna keep a lot money in it but like you got a position sizes yeah i love that i love that take i i don't have any exposure space acts but i'm gonna start after these unlocks kind of go through where the price settles i think i'm gonna take a similar approach to you and i'll just start dollar cost average again almost how i treat my bitcoin bag you know i'm not sweating
• 40:13
  [SPEAKER_01]: the 5, 10%, 20%, 40% drawdowns because I'm so bullish on a long term.
• 40:18
  [SPEAKER_01]: I am bullish that we're SpaceX can go long term, but I think there's a little bit more bleed out we can see, and then I kind of just want to slowly acquire a bag, and then you almost forget about it for a few years.
• 40:30
  [SPEAKER_01]: Yeah, you know.
• 40:31
  [SPEAKER_03]: It feels like it's not a play.
• 40:32
  [SPEAKER_03]: Again, I am not
• 40:33
  [SPEAKER_03]: I can't give anybody personal thoughts, it feels like if you're buying this, you have to want to hold it for a Bitcoin almost.
• 40:41
  [SPEAKER_03]: It's a cycle.
• 40:41
  [SPEAKER_03]: It's a 5.
• 40:42
  [SPEAKER_03]: It's a 10.
• 40:42
  [SPEAKER_03]: I mean, this is just something you're saying, hey, this is either going to work or it's not.
• 40:46
  [SPEAKER_03]: And if it does work, then yeah, I guess the profitability of this thing is never, never ending.
• 40:53
  [SPEAKER_03]: It's creating a whole new industry.
• 40:55
  [SPEAKER_03]: Just like Tesla did at the time, right?
• 40:57
  [SPEAKER_03]: I mean, Tesla became the absolute, I guess it's fair to say that this is a fact, like the best business of battery power, electric cars, the only one that kind of survived, because it was electric only.
• 41:11
  [SPEAKER_03]: I think other companies like a four GM, they started either, they have some ones that work.
• 41:17
  [SPEAKER_03]: I think the hybrid ended up being the most profitable for those legacy car companies.
• 41:21
  [SPEAKER_03]: But then a lot of the legacy ones put all this money
• 41:25
  [SPEAKER_03]: they're bagging it.
• 41:26
  [SPEAKER_03]: They're like, I were not doing it anymore.
• 41:27
  [SPEAKER_03]: So, you know, Tesla kind of proved that, you know, it had the wear with all, now obviously, the debate is, you know, the Bears say Tesla's a car company.
• 41:36
  [SPEAKER_03]: The bulls say, no, it's an AI robotics company.
• 41:39
  [SPEAKER_03]: So, it's going to be a similar bear bull for SpaceX.
• 41:43
  [SPEAKER_03]: The bears are going to be like, what is this rocket?
• 41:45
  [SPEAKER_03]: It's like it's not profitable.
• 41:47
  [SPEAKER_03]: And the bulls are going to say, hey, we're literally
• 41:50
  [SPEAKER_03]: going to the moon.
• 41:51
  [SPEAKER_03]: So it'll be a fun one.
• 41:53
  [SPEAKER_03]: It'll be a fun one to watch and cover.
• 41:56
  [SPEAKER_01]: Another just a one more bullet point on that just a tough fade for me.
• 42:00
  [SPEAKER_01]: You know, I can't like I want to get in on it I just want to have some exposure because it's like what I'm built for it's like a little bit risky asset that could go to the moon And it really tough for me to look back and like let's say this is trading at $1,000 a share five eight years from now and I'm telling my kids.
• 42:19
  [SPEAKER_01]: Oh, yeah, I was doing weekly podcast talking about space X How much did you buy?
• 42:24
  [SPEAKER_01]: I'm like zero
• 42:25
  [SPEAKER_01]: like just just can't do that.
• 42:28
  [SPEAKER_01]: So I'm kind of, I'm going to have the DCA into it, but I'm also a believer in what they could do in one some exposure.
• 42:36
  [SPEAKER_03]: Well, Spindzone, that's what I said about Tom Lee and Ethereum, and that has not played out so far.
• 42:40
  [SPEAKER_03]: Still riding, still holding.
• 42:42
  [SPEAKER_03]: Yeah, that's exactly what I said.
• 42:43
  [SPEAKER_03]: I was like, I can't be talking about this guy every week, and not be a part of it after he went on national television forever.
• 42:50
  [SPEAKER_03]: When Bitcoin was under, you know,
• 42:52
  [SPEAKER_03]: $5,000 a coin pound on the table as a buy so good point.
• 42:57
  [SPEAKER_03]: I just think the number one thing for and we've talked about I think I talked about this but we didn't pull this up since it's been live is you know listen SpaceX is a top 10 company by market cap and it was on day one so again when you you know
• 43:10
  [SPEAKER_03]: The people that made life changing money, they bought in video when it was way off.
• 43:13
  [SPEAKER_03]: There wasn't even on this list.
• 43:15
  [SPEAKER_03]: It was a video game company.
• 43:16
  [SPEAKER_03]: And then now the video game chips turned into AI chips in a rocket up again.
• 43:20
  [SPEAKER_03]: You could go back in time and buy alphabet Google at the time Apple, Microsoft, the years and years ago Amazon when Jeff Bezos was selling books and you write it to what it's become.
• 43:31
  [SPEAKER_03]: When you pick up these companies that are in the Russell 2000, they will make their way up.
• 43:36
  [SPEAKER_03]: to the top 10 by market cap, that's how you have those life-changing gains, but it takes years to get there.
• 43:40
  [SPEAKER_03]: I just think with SpaceX, there's a whole other different side of this conversation of like companies not going public until they're fully matured, and you're going to see that with Anthropic and open AI later in the year, those companies are going to, you know, IPO, and they're going to be somewhere in this top 15, top 20 is my guess as well, if not top 10, maybe.
• 44:06
  [SPEAKER_03]: Yeah, other than that, I don't have a solid take.
• 44:08
  [SPEAKER_03]: I think other than this thing can't really It can't really as a famous last words.
• 44:16
  [SPEAKER_03]: I just don't think SpaceX could really double triple quadruple in the near turn just because It's just not profit like it's the future earnings don't make sense
• 44:29
  [SPEAKER_01]: Yes, agreed agreed can't wait to dollar cost average in a few months.
• 44:35
  [SPEAKER_03]: Yeah, and it's not a low enough market cap to truly become like a mean point, you know, so it's like there's factors to the summary of what I'm trying to say is
• 44:44
  [SPEAKER_03]: You can be bullish on a long term, but there's factors to being a top 10 company by market cap that you like, if you're not educated on that, you don't understand what market cap is and you're just buying it blindly, you need to do a little bit understanding of what you're buying and when the market caps are so high, it takes a lot more to move that price.
• 45:03
  [SPEAKER_01]: Yeah.
• 45:05
  [SPEAKER_01]: Absolutely.
• 45:05
  [SPEAKER_01]: And I love your take.
• 45:07
  [SPEAKER_01]: I love your take about SpaceX.
• 45:09
  [SPEAKER_01]: Possibly acquiring Tesla.
• 45:11
  [SPEAKER_01]: I think that's I think that's I think that's a nice one to clip.
• 45:15
  [SPEAKER_03]: I just wanted to clip.
• 45:16
  [SPEAKER_01]: That's not a non zero chance.
• 45:18
  [SPEAKER_01]: I just wanted to say here too.
• 45:20
  [SPEAKER_01]: So I could clip myself a year from now.
• 45:22
  [SPEAKER_01]: I'm like, hey, I was in on it too.
• 45:24
  [SPEAKER_01]: It wasn't just Devo.
• 45:25
  [SPEAKER_01]: Hey, we need another call.
• 45:27
  [SPEAKER_03]: The podcast needs another great clip.
• 45:29
  [SPEAKER_03]: I mean, we did Robin Hood.
• 45:31
  [SPEAKER_03]: years ago.
• 45:32
  [SPEAKER_03]: We've had some winners obviously inside the community and on the podcast with you know hyper liquid was huge for us and some others so we have winners along the way, but yeah, it's nice to get a storyline right so I'm excited to see how that one will work out We'll clip it if we need be
• 45:48
  [SPEAKER_03]: But other than that, we'll wrap up.
• 45:50
  [SPEAKER_03]: I got a wrap.
• 45:52
  [SPEAKER_03]: Thank you guys for the birthday wishes in the chat.
• 45:54
  [SPEAKER_03]: Matt coming through with a super chat.
• 45:58
  [SPEAKER_03]: Oh, a birthday chat.
• 46:00
  [SPEAKER_03]: That's unbelievable.
• 46:01
  [SPEAKER_03]: He says he appreciates the good live info.
• 46:03
  [SPEAKER_03]: We provide, you know, each week.
• 46:05
  [SPEAKER_03]: So thank you, Matt.
• 46:06
  [SPEAKER_03]: Really appreciate it.
• 46:07
  [SPEAKER_03]: Thank you all for the birthday wishes, give this video a thumbs up everybody and subscribe if you're new and then obviously check the links below to be a part of the community We got Brian's one dollar trial there.
• 46:17
  [SPEAKER_03]: Every time he comes on the show It's a good time to get into the community to get involved because again.
• 46:21
  [SPEAKER_03]: I think there's a there's long term upside here So you want to get as much information as you can we'll be back Friday with Brian.
• 46:29
  [SPEAKER_03]: I'm sorry Brian's here today.
• 46:30
  [SPEAKER_03]: We'll back Friday with Brendan
• 46:32
  [SPEAKER_03]: and hunters, that'll be a fun show.
• 46:34
  [SPEAKER_03]: Thank you all, as always, that's all for today.
• 46:36
  [SPEAKER_03]: We'll talk to you next time.
• 46:37
  [SPEAKER_03]: Bye, everybody.