Latest / CRYPTO 101 / Crypto Rundown: Why This Bitcoin Move Feels VERY Different, TAO Update, & Our Masters Predictions

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Crypto Rundown: Why This Bitcoin Move Feels VERY Different, TAO Update, & Our Masters Predictions · CRYPTO 101

• 0:08
  [SPEAKER_01]: All right, everybody, welcome back to the crypto 101 podcast.
• 0:11
  [SPEAKER_01]: Everyone's trying to predict Bitcoin right now, but instead of guessing we're following where the money is actually going.
• 0:17
  [SPEAKER_01]: And right now, the signals are getting really interesting.
• 0:20
  [SPEAKER_01]: We're seeing ETF inflows pick back up.
• 0:23
  [SPEAKER_01]: Institutions like Morgan Stanley are stepping in in a big record-breaking way and even betting markets shifting Bitcoin targets to the upside instead of to the downside.
• 0:31
  [SPEAKER_01]: So the question is,
• 0:33
  [SPEAKER_01]: isn't Bitcoin just going to go up.
• 0:35
  [SPEAKER_01]: No, it's who is buying and why are they buying right now?
• 0:38
  [SPEAKER_01]: Because if we're right about this, the next crypto move could already be starting and we're here on an awesome Friday bringing in the weekend with none other than Brian Brian.
• 0:47
  [SPEAKER_01]: We have an awesome sheet today.
• 0:48
  [SPEAKER_01]: We're going to cover everything.
• 0:49
  [SPEAKER_01]: I just said in depth, there's some great new data out that we get to dive into on this Friday.
• 0:54
  [SPEAKER_01]: But how are you, my friend?
• 0:56
  [SPEAKER_03]: Hey, man, master's Friday.
• 0:58
  [SPEAKER_03]: I don't know if there's a lot of golf fans out there watching the podcast or the rundown right now in the chat, but I get kind of fired up for master's golf.
• 1:08
  [SPEAKER_03]: I don't know if there's a lot of golfers out there, but as a kind of a speculator in the gambling world, I do like to have a couple of live bets out there and I'll be honest, I got some good ones.
• 1:19
  [SPEAKER_03]: So, I might have a little, I might have a little sweat this weekend.
• 1:24
  [SPEAKER_01]: Okay, maybe we'll do a little prediction market pull up of the odds in the show.
• 1:28
  [SPEAKER_01]: If we have time, if there's enough time, it's like Frank the tank in old school.
• 1:32
  [SPEAKER_01]: I don't know.
• 1:32
  [SPEAKER_01]: I don't know if we're going to have a time, because this sheet is absolutely packed.
• 1:36
  [SPEAKER_01]: What a pull there for the old school fans, the world, listen, some good news.
• 1:40
  [SPEAKER_01]: I guess this week, again, we've hammered it on this show multiple times.
• 1:44
  [SPEAKER_01]: There's a lot of macro events going on with this war.
• 1:47
  [SPEAKER_01]: That's not why you're here to deep dive into that.
• 1:49
  [SPEAKER_01]: but it does affect markets and there was a deadline the last time Brian and we're on earlier in the week there was a deadline at the end of that night and they said that there was a peace agreement in the works and then after that markets ripped the S&P rips Nasdaq rips Russell rips a bit coin rips ethereum rips pudgy paying when everybody was up everybody was up
• 2:09
  [SPEAKER_01]: And then, you know, then there's a little bit of volatility, but for the most part, it has stayed to the upward trend at the end of the week.
• 2:16
  [SPEAKER_01]: And whenever you see that, Brian, whenever you see a little rip like that, it kind of reminds me.
• 2:21
  [SPEAKER_01]: You just, you got to, you got to respect the pump.
• 2:24
  [SPEAKER_01]: One of my favorite videos are crypto Twitter.
• 2:26
  [SPEAKER_01]: You just got to, you got to respect the pump.
• 2:29
  [SPEAKER_02]: I respect the pump and all assets why because it's kind of like karma You know the power of the pump always comes back to you if you respect the pump of other people It's crazy, but I have this belief that whatever pumps you have to pay respect because otherwise if you like oh my god This this this scam coin this scam coin is pumping again Actually you are kind of rejecting you're rejecting the pump from your life.
• 2:52
  [SPEAKER_02]: Maybe it's a bit out there.
• 2:53
  [SPEAKER_02]: You know woo woo But we all gotta believe in something and I do
• 2:58
  [SPEAKER_01]: We all got to believe it or something, respect the pump, and that is exactly what we did this week into the market.
• 3:04
  [SPEAKER_01]: Seven day, the coin market capped 20 up 8 bit coin up just kissing under nine there, Ethereum 9.3.
• 3:12
  [SPEAKER_01]: Let's see what some other winners.
• 3:14
  [SPEAKER_01]: Hyperliquid 16% this week.
• 3:17
  [SPEAKER_01]: Chainling for ZCash 60% on a seven day you catch that one hands up for ZCash from Brian and then I'm sure we'll see it somewhere bit tensor in the 24 hours this is a little teaser here bit tensor down 20% on the 24 hour window We're going to cover that on the back end of the show.
• 3:36
  [SPEAKER_01]: It isn't our sheet.
• 3:36
  [SPEAKER_01]: It is something that we covered.
• 3:38
  [SPEAKER_01]: It is something that Brian and Joe caught out in their private community
• 3:40
  [SPEAKER_01]: a while ago they got a great pump out of that and uh... there was a huge update inside the community if you were uh... one of their first alert people's getting their news letters that would have helped you avoid this twenty percent drawdowns that's a little teaser for later but let's focus on the green for now respect the pump brion what do you think in
• 3:59
  [SPEAKER_03]: I'm loving it.
• 4:00
  [SPEAKER_03]: I, to a little bit of alpha here.
• 4:02
  [SPEAKER_03]: We actually, we usually do like micro caps and smaller coins with in our community, but actually this week, which we recorded on Wednesday, we actually called out Z cash and made it one of our calls.
• 4:13
  [SPEAKER_03]: I don't like to do multi billion dollar market caps.
• 4:17
  [SPEAKER_03]: but that coin just looked juicy at the time and it was already pumping a little bit.
• 4:21
  [SPEAKER_03]: But I think even since the call, it's up about 15%, 20%.
• 4:26
  [SPEAKER_03]: Just a super attractive coin.
• 4:28
  [SPEAKER_03]: But when we look at kind of the majors that we always love to talk about, I mean, Bitcoin might hit 73,000 here, Tivo, get us out of that upper range and hold it and we might be eating steak and lobster for a little bit longer than we thought.
• 4:42
  [SPEAKER_03]: get rid of those pouches and cans of tuna, and we might actually start breaking it out.
• 4:48
  [SPEAKER_03]: I don't want to get too excited here, but I'm a little fired up.
• 4:51
  [SPEAKER_03]: It's a foam-o-fun Friday here, Bitcoin's sitting at 73,000.
• 4:57
  [SPEAKER_03]: We got a, we got a fear and greed meter at like 49.
• 5:00
  [SPEAKER_03]: which feels like it, it, it feels like it's a hundred.
• 5:05
  [SPEAKER_03]: I mean, you know, we were, we were talking 9s and teens a few weeks ago.
• 5:09
  [SPEAKER_03]: So it does feel like the market is embracing kind of this geopolitical issue.
• 5:14
  [SPEAKER_03]: We got the ceasefire, hopefully that all, just, just not even because of the market.
• 5:18
  [SPEAKER_03]: It's like, nobody wants to be in war, nobody wants to be in these conflicts, but hopefully that all just,
• 5:23
  [SPEAKER_03]: shakes itself out and we continue is but the market likes it.
• 5:27
  [SPEAKER_03]: I mean we got we got a theorem closing it on 2300 we got the girl Solana right in the 80s so it hasn't just absolutely fired off but we're in that upper portion of the range and we're holding strong and again there's a lot of catalysts we're going to talk about today that we might have bought them to a few months ago.
• 5:47
  [SPEAKER_03]: There's a story we can build that that could have been the bottom tick with all that volatility and now we're just going slowly kind of grind up again that's not telling anybody to go max leverage or throw your dry powder into these coins, but this is it certainly a positive direction and I absolutely love it man.
• 6:05
  [SPEAKER_03]: I'm loving it for a Friday.
• 6:07
  [SPEAKER_01]: Yeah, the Friday vibes are high and again, you're you're you're seeing I mean we've said this multiple times of like you're seeing the markets telling you where it wants to go barring this macro overhang and you got a little bit of relief that but I don't think the last touch on the macros like this isn't over like you just if you follow this stuff like we do there's all these headlines of Iran isn't listening they better listen and then you know it
• 6:31
  [SPEAKER_01]: Israel better stop doing this.
• 6:33
  [SPEAKER_01]: Lab Lebanon needs to stop doing that.
• 6:35
  [SPEAKER_01]: It just feels like there's so much noise coming out from this.
• 6:39
  [SPEAKER_01]: I believe the U.S. is sending a team of weekends for some in or not necessarily going to Iran.
• 6:44
  [SPEAKER_01]: I'm sure they're going to a neutral place.
• 6:46
  [SPEAKER_01]: But there's going to be some talks this weekend.
• 6:48
  [SPEAKER_01]: So there's going to be a headline driven week into next week.
• 6:51
  [SPEAKER_01]: So something we're going to watch.
• 6:52
  [SPEAKER_01]: We'll cover it next week early in the run now.
• 6:54
  [SPEAKER_01]: But that's it for the macro.
• 6:55
  [SPEAKER_01]: These pumps are good.
• 6:56
  [SPEAKER_01]: I think they're telling you where the market wants to go.
• 6:59
  [SPEAKER_01]: But they are, you know, they are a little dependent on the outcome of everything like we've been covering, but I think I think the pain trade I've been thinking about this before we came on I think the pain trade is higher like it feels like everybody, you know, we kind of covered it, um, I guess do I flip to that I just want to note like, uh,
• 7:17
  [SPEAKER_01]: We haven't had Brendan on the show in the while, because he's been doing his trading course kicking off that new cohort.
• 7:22
  [SPEAKER_01]: We're going to have him on next week.
• 7:23
  [SPEAKER_01]: We'll do a little deep dive, some more technical analysis, but maybe a little double bottom there on the fear and greed, dare I say, dare I say, looks good, looks good, any of those times you can go by down here, it looks over at least the course of the last one, five plus history of this thing, it's a good time to buy.
• 7:44
  [SPEAKER_01]: But I guess we could roll into skip around the sheet here a little bit.
• 7:48
  [SPEAKER_01]: But let's go into what we were saying with the data.
• 7:50
  [SPEAKER_01]: What are we seeing?
• 7:51
  [SPEAKER_01]: What are people betting?
• 7:53
  [SPEAKER_01]: Because if you remember, we were kind of, we brought this up.
• 7:56
  [SPEAKER_01]: People were looking at Bitcoin to fall to 60,000, 50,000 will Bitcoin trade below 50,000.
• 8:03
  [SPEAKER_01]: All the calcium bets.
• 8:04
  [SPEAKER_01]: It's starting to get to the majority.
• 8:05
  [SPEAKER_01]: people thought like 50% under 50%, 75% under 60.
• 8:10
  [SPEAKER_01]: That's where the majority was leading.
• 8:11
  [SPEAKER_01]: We talked about in the show.
• 8:12
  [SPEAKER_01]: And what did I say?
• 8:13
  [SPEAKER_01]: Do you remember what I said, Brian?
• 8:15
  [SPEAKER_01]: What's my favorite?
• 8:16
  [SPEAKER_01]: What did I say?
• 8:17
  [SPEAKER_01]: I said the same side of the boat.
• 8:18
  [SPEAKER_01]: It's on the tweet.
• 8:19
  [SPEAKER_01]: You could have a little, you could have saw it then.
• 8:22
  [SPEAKER_01]: That was the same side of the boat.
• 8:24
  [SPEAKER_01]: It's like when you start to see the prediction markets have this conviction that this is going to happen.
• 8:29
  [SPEAKER_01]: I guess sometimes I think,
• 8:32
  [SPEAKER_01]: prediction markets are great because if you're doing an event and we're talking about this with like the Super Bowl like somebody always knows so you can find some out there in my opinion for the Bitcoin price I would say this a lot it's like if somebody guarantees you with the next 10 to 20,000 you know dollar moving Bitcoin is
• 8:48
  [SPEAKER_01]: They don't know, they're lying to you.
• 8:50
  [SPEAKER_01]: They can't guarantee it with their life.
• 8:52
  [SPEAKER_01]: So I personally, this is why I like poly-market light cowsheet to kind of take it into my data digestion of like understanding where do people think it's going to go?
• 9:01
  [SPEAKER_01]: And it was lopsided to the downside.
• 9:03
  [SPEAKER_01]: Now it's flipping.
• 9:04
  [SPEAKER_01]: Now it's flipping.
• 9:05
  [SPEAKER_01]: Now we got a, well, let's pull it up here to get the exact number seven.
• 9:08
  [SPEAKER_01]: So the 75% was for 60,000.
• 9:11
  [SPEAKER_01]: Now it's flipped.
• 9:11
  [SPEAKER_01]: The 74% is for 80,000.
• 9:14
  [SPEAKER_01]: now we're going now we're heading back to the moon once we had eighty thousand what's stopping us from going to a back to a hundred you know who knows i think obviously maybe a hundred could be like you like to say a magnet
• 9:25
  [SPEAKER_01]: Maybe maybe for this year.
• 9:26
  [SPEAKER_01]: I in that back up.
• 9:27
  [SPEAKER_01]: I agree with you.
• 9:28
  [SPEAKER_01]: I think it's grinding higher, but there's a pain trade.
• 9:32
  [SPEAKER_01]: I think in crypto right now, especially for Bitcoin, if this thing starts to go a little bit, everybody's been waiting to go buy it 4050k.
• 9:40
  [SPEAKER_01]: Is that something that you agree with and then, you know, with these odds flipping, what is that telling you?
• 9:47
  [SPEAKER_03]: Yeah, I think there's a real world here that there could be a pain trade because we saw I mean the majority we're going to talk about a little bit the majority buyers it feels like our institutions in smart money and a lot of the retail has dumped their bags and I get it I get why they did especially if this was their first cycle their first go around they're not built like everybody else where like a 40 50% dip it's like all right we're going to bounce back.
• 10:12
  [SPEAKER_03]: And as we start to grind up, there's going to increase a sense of FOMO.
• 10:16
  [SPEAKER_03]: People are going to FOMO that they're not going to get that bottom tick, that $50,000, that they were hoping they were going to get, that starts moving to $80, $85, and then we're starting to get in a really, really juicy, dating range, the timeline, ourselves, or all guys start to feel a little bit more wealthy again, might start speculating again, and in the coins, the overall just crypto market cap,
• 10:41
  [SPEAKER_03]: I hate to get ahead of myself, but man, with $80,000 Bitcoin, feel good.
• 10:47
  [SPEAKER_03]: Oh, oh, personally cost some foam up with myself.
• 10:50
  [SPEAKER_03]: I've been dollar cost averaging in as much as I came with the dry powder I can basically find in my couch cushions.
• 10:56
  [SPEAKER_03]: But when we get to 80, 85,000, those kids college funds might just have to get rolled over into something, it would just be good.
• 11:08
  [SPEAKER_03]: I think the phone was real.
• 11:09
  [SPEAKER_03]: I think the pain trade that you're breaking out is a real thing.
• 11:12
  [SPEAKER_03]: And it's great to see where we're hanging out with Bitcoin right now.
• 11:15
  [SPEAKER_03]: We still have a little ways to go.
• 11:17
  [SPEAKER_03]: But this is how it works.
• 11:19
  [SPEAKER_03]: Every cycle Tvo that we were just in the bottom of the barrel pain, we're staring at each other all the news on the timeline, you do the rundowns all the time is kind of negative news.
• 11:31
  [SPEAKER_03]: Everyone wants to talk about quantum computing, ruining crypto or anything that they could pick out.
• 11:38
  [SPEAKER_03]: There's an energy crisis, so cryptos got to go.
• 11:40
  [SPEAKER_03]: Those all start to kind of bubble up again because the price is down.
• 11:45
  [SPEAKER_03]: I think we're going to start seeing less of those headlines and more of the big headlines that we're going to talk about in a little bit and we're going to slowly grind up because like we've preached on this show at all times, is that you got to zoom out, you kind of have to embrace the volatility.
• 12:00
  [SPEAKER_03]: That's what brought us to crypto in the first place and we can move very fast in an upward motion.
• 12:06
  [SPEAKER_03]: And again, we just need a few catalysts
• 12:09
  [SPEAKER_01]: to start that phomo so i love your point of view about this in the pain trade yeah it's okay well it's slowly rising and who's buying so i i mean i you know i think there's you know people in the industry that have conviction that are taking these levels to you know buy the dip but
• 12:24
  [SPEAKER_01]: you know we're seeing these ETF inflows pick back up we covered it institutions like Morgan Stanley are stepping in their ETF just went live and then we can compound that with what the betting markets are showing you so it's like it's not just hey bitcoins going up it's who is buying and why are they doing it right now
• 12:41
  [SPEAKER_01]: And so the Morgan Stanley ETF launch was a huge success for them, which is awesome to see.
• 12:47
  [SPEAKER_01]: I pull up the official stats here.
• 12:50
  [SPEAKER_01]: We'll share this tab.
• 12:51
  [SPEAKER_01]: So the official day one stats for the Morgan Stanley Bitcoin ETF.
• 12:55
  [SPEAKER_01]: These are via grock summarizing all the Bloomberg tweets and all that stuff that we, you know, see online.
• 13:00
  [SPEAKER_01]: I summarized this for our tweet.
• 13:01
  [SPEAKER_01]: It was,
• 13:02
  [SPEAKER_01]: net inflows a 30.6 million for our first day that was second only to black rocks 40 million a Bitcoin purchased 444.4 and the trading volume was 34 million which is great.
• 13:18
  [SPEAKER_01]: They were super super excited for it.
• 13:20
  [SPEAKER_01]: The assets under management at the end of day one was around 31 to 34 million and then I have some clips of Morgan Stanley talking about it.
• 13:30
  [SPEAKER_01]: So here's clip one.
• 13:32
  [SPEAKER_01]: This is Amy Oldenberg.
• 13:34
  [SPEAKER_01]: She's Morgan Stanley's head of digital asset strategy.
• 13:37
  [SPEAKER_01]: You've got to try to find a way to find her.
• 13:38
  [SPEAKER_01]: Get her on the show.
• 13:39
  [SPEAKER_01]: Let's see what Amy had to say.
• 13:40
  [SPEAKER_01]: It's a two-part clip here, so this is part one.
• 13:44
  [SPEAKER_00]: in terms of where the market is, but I have to tell you in terms of the pickup we saw yesterday the first day of trading are best first day of getting for any of our ETFs.
• 13:52
  [SPEAKER_00]: Since we've started the ETF product line a couple years ago.
• 13:56
  [SPEAKER_00]: So I think that speaks to the demand that's still out there for the Bitcoin ETF, almost 1.7 million shares traded yesterday and at 12 o'clock today we're already having another good day today.
• 14:06
  [SPEAKER_00]: As you said, it's a nice, it's a nice week in the market a nice day in the market for some pickup in Bitcoin and the markets to help us out there.
• 14:14
  [SPEAKER_01]: So then you ask the question, okay, it was great day one.
• 14:17
  [SPEAKER_01]: It's something that their advisors are gonna start offering to their client, but does it stop there?
• 14:23
  [SPEAKER_01]: Is this it for Morgan Stanley for crypto assets?
• 14:27
  [SPEAKER_01]: So let's take a look.
• 14:29
  [SPEAKER_00]: We have to start with, we have to start with Bitcoin that is the largest market category.
• 14:34
  [SPEAKER_00]: CryptoG, it wouldn't, it wouldn't be right if we didn't start there, but this is just the first of a long road map of new products, both on the asset management side.
• 14:42
  [SPEAKER_00]: As you know, we have plans for our wealth business and a number of wealths there with Spot Crypto Trading coming soon and then even on our institutional securities business, tokenize equities and other tokenized assets, that's all in the works.
• 14:55
  [SPEAKER_00]: And all right, we have to start with,
• 14:58
  [SPEAKER_01]: more in the works.
• 14:59
  [SPEAKER_01]: Brian, what's your take away from Morgan Stanley's launch this week?
• 15:03
  [SPEAKER_03]: It's enormous.
• 15:05
  [SPEAKER_03]: I mean, this is second to BlackRock's ETF.
• 15:07
  [SPEAKER_03]: It's our most successful ETF did she say of all time I heard this 16,000 financial advisors, 16,000 financial advisors, the law of advisors that are mostly all pro Bitcoin.
• 15:20
  [SPEAKER_03]: I believe that they said anywhere between the two to four percent allocation in the Bitcoin or cryptos is what they were suggesting to people.
• 15:27
  [SPEAKER_03]: So that's a massive amount of financial advisors
• 15:33
  [SPEAKER_03]: So often, now they can finally start offering this to their clients, and I think that's cautiously very positive and constructive for the entire crypto market.
• 15:44
  [SPEAKER_03]: I think it's amazing.
• 15:46
  [SPEAKER_03]: We didn't want this to flop, I'll tell you that much, Timo.
• 15:48
  [SPEAKER_03]: We didn't want this to be the second worst ETF of all time in their worst ETF.
• 15:52
  [SPEAKER_03]: So this is great news to see that they're still a demand for these ETFs.
• 15:58
  [SPEAKER_03]: And the price is holding strong, it's kind of shaking off all the, all the trunk T tweets and the daily news, you know, we're just been in this upper range of the channel.
• 16:07
  [SPEAKER_03]: It feels like we bought them ticked a few weeks, few months back when we were kind of talking about it now it just feels like there's an opportunity to break through and this is like the first catalyst out there is.
• 16:17
  [SPEAKER_03]: Morgan Stanley, there's 16,000 advisors who are going to be out there talking about crypto, talking about Bitcoin, reassuring people that this asset, NASA class is here to stay and it's going to change a lot of different markets in the positive way.
• 16:31
  [SPEAKER_03]: So I think it's huge.
• 16:33
  [SPEAKER_03]: And I'm optimistic that this continues to show the growth.
• 16:36
  [SPEAKER_03]: I think we saw like $3 to $400 million in ETF positive influence yesterday.
• 16:40
  [SPEAKER_03]: So it's not just Morgan Stanley.
• 16:42
  [SPEAKER_03]: There's just strong ETF inflows overall.
• 16:46
  [SPEAKER_01]: Yeah, let me pull up those for you.
• 16:48
  [SPEAKER_01]: You can break them down.
• 16:49
  [SPEAKER_01]: Let me know where you want to click around.
• 16:52
  [SPEAKER_03]: Yeah.
• 16:52
  [SPEAKER_03]: I think I just linked because the Ethereum, but it's a $343 million in Bitcoin ETFs.
• 16:58
  [SPEAKER_03]: Positive inflows.
• 16:59
  [SPEAKER_03]: When we had our rundown on Tuesday, we were also hundreds of millions of dollars in positive inflows.
• 17:06
  [SPEAKER_03]: So you're starting to see that the overall market is starting to embrace crypto, they're starting to shake off all this flood, the fear, uncertainty, and doubt.
• 17:15
  [SPEAKER_03]: And people are starting to allocate more to their portfolios.
• 17:18
  [SPEAKER_03]: And this is how I expected things to happen as well.
• 17:23
  [SPEAKER_03]: Once we started to kind of grind out of this bear market and don't want to say we're out of the woods yet, but we're starting to grind out the bear market.
• 17:30
  [SPEAKER_03]: We were, of course, we'll go see institutions and banks.
• 17:34
  [SPEAKER_03]: Continuously adopt, talk about it in a positive way, and see positive inflows.
• 17:39
  [SPEAKER_03]: That was a huge step, because when we were in that bear market of bear markets at Fearing Greed at nine, we were seeing outflows.
• 17:46
  [SPEAKER_03]: So now we're starting to see some positive inflows.
• 17:48
  [SPEAKER_03]: I think a lot of these positive inflows are going to be very impactful, and then everything we don't have to get in depth about this, because we talked about so much, but we got what Michael Sailor's been doing, we got what Tom Lee's doing, these guys,
• 18:00
  [SPEAKER_03]: aren't looking at this is like oh no I was wrong they're looking hey this is a huge opportunity to continue doubling down because this is what this is kind of what happens in crypto you know nobody likes it but volatility is what it is but once we get to a hundred hundred twenty hundred fifty two hundred thousand dollar Bitcoin I'm gonna be really happy even if they were small I'm gonna be really happy with the buys I was making this past couple months it today in next few weeks
• 18:28
  [SPEAKER_01]: Yeah, it's hard to I always compare the era like pre ETF and post ETF like pre ETF, you know, when FTX was happening and you don't know about the regulation it's like This is my personal view was like it was hard to like when all that was going on and you're in the industry and doing this every day you're just like,
• 18:47
  [SPEAKER_01]: Man, where's the floor for this?
• 18:49
  [SPEAKER_01]: This is bad.
• 18:50
  [SPEAKER_01]: And now it just like, it definitely feels like maybe the volatility to the upside.
• 18:54
  [SPEAKER_01]: We've heard that over the years, you know, might scale down a little bit.
• 18:57
  [SPEAKER_01]: Like you're not gonna get those, you know, five, 10x, 20x on Bitcoin anymore.
• 19:02
  [SPEAKER_01]: But also, but also, it kind of gives you a little bit better maybe view of the downside.
• 19:08
  [SPEAKER_01]: It's like,
• 19:09
  [SPEAKER_01]: okay yes we're in this huge drawdown 50% right classic you know Bitcoin rip into the downside you know taken you know hearts and souls with you but like you know it's like at the same time Morgan Stanley launches an ETF and it's the best you know ETF that they've ever did even though they don't have their
• 19:26
  [SPEAKER_01]: very so it's too side to the Morgan Stanley coin.
• 19:28
  [SPEAKER_01]: They don't have a ton of ETF products because that's not their bread and butter, but they're very selective about the ones that they do.
• 19:34
  [SPEAKER_01]: So I think it's a huge nod of strategy of where they see this thing going.
• 19:38
  [SPEAKER_01]: I don't think Morgan Stanley black rock and all these people.
• 19:41
  [SPEAKER_01]: They're not going through the hoops to offer this product.
• 19:44
  [SPEAKER_01]: If they think this is going to be out of style in two or three years, I think men, Brian, are going to be with you two three years from now celebrating that we were, you know,
• 19:54
  [SPEAKER_01]: in the trenches back in 2026 year early 26 because there's so much to learn and grow in the space and it's been super fun, but Morgan Stanley's not the only one that is saying, you know, hey, did the toes in the water come on in?
• 20:09
  [SPEAKER_01]: It's warm.
• 20:10
  [SPEAKER_01]: Charles Schwab!
• 20:11
  [SPEAKER_01]: says one to three percent.
• 20:14
  [SPEAKER_01]: Bitcoin or Ethereum can reshape portfolio risk.
• 20:17
  [SPEAKER_01]: I think that's a funny headline from coin telegraph because it sure can shape your portfolio risk to the oven the downside for others.
• 20:26
  [SPEAKER_01]: They suggest up to 8.8 percent Bitcoin allocation on aggressive portfolios at 15 percent return assumptions.
• 20:33
  [SPEAKER_01]: So we could pull up this chart.
• 20:34
  [SPEAKER_01]: look at over conservative monitor and aggressive kind of looking at what you want to do with some options for Bitcoin and Ethereum from Charles Schwab.
• 20:44
  [SPEAKER_01]: So again, it's like these are the T leaves.
• 20:47
  [SPEAKER_01]: Like this is the stuff that, you know, it's the same.
• 20:51
  [SPEAKER_01]: It's always the same.
• 20:52
  [SPEAKER_01]: It's like when Bitcoin and crypto are ripping and I wear my little Mona Lisa sweatshirt, all the boys think,
• 20:59
  [SPEAKER_01]: You know, I'm worth a hundred million dollars and now they now they look at me like I'm poor they're like you need me like TV You want to go to die.
• 21:05
  [SPEAKER_01]: I don't know if people go to dinner like big coins, you know, under 100k that you lost all his money So what do you think here about Charles Schwab giving out some some numbers here?
• 21:14
  [SPEAKER_03]: it's great and I am absolutely probably a little bit if I met with Charles Schwab right now they would in talked about my portfolio they would probably like hey we're gonna put you in a new category extreme aggressive because I'm allocated a little harder and a little farther down not saying that's financial advice for anyone but this is this is great to see
• 21:35
  [SPEAKER_03]: This is what we would expect when we're starting to come out of the bear market.
• 21:38
  [SPEAKER_03]: We're starting to get just trickles and trickles of a little bit more positive news, especially coming out from major news media, from major institutions, major banks.
• 21:49
  [SPEAKER_03]: So this is really great to see.
• 21:50
  [SPEAKER_03]: So along with Morgan Stanley news, we've got the Charles Schwab news, and then BlackRock and the Fidelitys.
• 21:55
  [SPEAKER_03]: I mean, they're just chugging along as well.
• 21:57
  [SPEAKER_03]: So excellent news.
• 21:59
  [SPEAKER_03]: And this really
• 22:01
  [SPEAKER_03]: going a little off the beaten path here, but this time what I've been spending a lot over the past couple months here in a reason why I did recommend Z-Cash to our community recently and it's because I think there might be a few really undercover undervalued alt.
• 22:18
  [SPEAKER_03]: So everybody really wants to just kind of see what's performing right now and why they're performing.
• 22:23
  [SPEAKER_03]: And is that going to be some of the next big runners?
• 22:27
  [SPEAKER_03]: Just remember, like last cycle, I think Solana hit like eight bucks or something.
• 22:32
  [SPEAKER_03]: You know in the barrel, then it got all the way up to hundreds of dollars.
• 22:37
  [SPEAKER_03]: So kind of what's going to be the real big winners, or what are the next really juicy alt's?
• 22:42
  [SPEAKER_03]: uh uh uh uh uh a few come to mind and this isn't for any reason to go out and ape these because you know there's still a ton of volatility in this market but i think zcash tells a really interesting story i think the hyper liquids tell really interesting story i think there's some really undervalued alt tier
• 22:58
  [SPEAKER_03]: that I'm not exactly just like aping in and buying, but I'm like, all right, as Bitcoin holds steady, as Bitcoin goes up, as we see more and more bullish headlines, what alt's are going up 20, 30, 40, 50, 60% on the week?
• 23:13
  [SPEAKER_03]: Because that's where we might see some really big opportunity and big gains.
• 23:17
  [SPEAKER_03]: And then vice versa, you know, if we're seeing something that are major red without a fundamental reason why, I might be a little bit more
• 23:25
  [SPEAKER_03]: gun shy away from those coins.
• 23:27
  [SPEAKER_03]: So I think there could be some really interesting alt-up coming in the next few weeks the months.
• 23:32
  [SPEAKER_01]: Yeah and I just want to highlight everybody out there that's listening the community aspect of what we do.
• 23:37
  [SPEAKER_01]: So the podcast for YouTube free.
• 23:40
  [SPEAKER_01]: Brian said he mentions e-cash to the community.
• 23:42
  [SPEAKER_01]: It was a great rip this week and they also will cover it later in the show.
• 23:47
  [SPEAKER_01]: Grab towel, you know, when it was on the uprise, that was a great call and they actually gave a call this week to maybe
• 23:52
  [SPEAKER_01]: maybe trim some of it again.
• 23:53
  [SPEAKER_01]: You got to make your own decisions.
• 23:55
  [SPEAKER_01]: We're not financial advisors.
• 23:57
  [SPEAKER_01]: This isn't personal financial advice.
• 23:58
  [SPEAKER_01]: This is just educational nature.
• 24:00
  [SPEAKER_01]: But some amazing calls from Brian.
• 24:02
  [SPEAKER_01]: So if you're ever interested in getting into that community, getting those first alerts, there is a link in the description.
• 24:08
  [SPEAKER_01]: And then just to call out the Solano one, because I remember this very well.
• 24:11
  [SPEAKER_01]: This is from crypto nation community.
• 24:14
  [SPEAKER_01]: I remember, it went down to about eight boxes.
• 24:16
  [SPEAKER_01]: You're right.
• 24:17
  [SPEAKER_01]: I have it up on the screen.
• 24:18
  [SPEAKER_01]: You're up pull it up.
• 24:18
  [SPEAKER_01]: But so I remember it was 2023.
• 24:22
  [SPEAKER_01]: You know, coin, it was like a fourth of July promo was like the freedom coin.
• 24:26
  [SPEAKER_01]: This is the coin we think is going to perform the best the rest of the year.
• 24:29
  [SPEAKER_01]: It was July 4th, 2023.
• 24:31
  [SPEAKER_01]: I was an Uber in Brooklyn.
• 24:33
  [SPEAKER_01]: I was going over the Brooklyn Bridge going to a July 4th party on the harbor with Tiesto.
• 24:41
  [SPEAKER_01]: I'm in the car and I get the email for the coin promo and we're trying to figure out what was and Bryce said, we're doing Solana.
• 24:48
  [SPEAKER_01]: Let's do Solana.
• 24:49
  [SPEAKER_01]: So July 4th, 2023 Solana was about $19, $18 for you know, community wide promo for crypto 101.
• 25:00
  [SPEAKER_01]: So
• 25:01
  [SPEAKER_01]: uh... that was an absolute killer uh... obviously went you know all the way from twenty bucks to two hundred fifty seven so to take that any day of the week um... but you know all the more reason we love doing this with you we love being you know a part of your uh... you know crypto consumption on the audio airways on the youtube but if you're interested check the links in description get more involved we'd love to have you in there and then if not at least give the video thumbs up and subscribe that's the least you can do for us we love you guys
• 25:31
  [SPEAKER_01]: holy whales, absolute king, and then the C season here as well.
• 25:35
  [SPEAKER_01]: Where's everybody watching in from?
• 25:37
  [SPEAKER_01]: Let us know in the comments as we transition to, oh, oh, sorry.
• 25:43
  [SPEAKER_01]: So all that, let's tie a bow on it.
• 25:45
  [SPEAKER_01]: Sorry, I forgot to pull this up one last time.
• 25:47
  [SPEAKER_01]: So all that stuff we just talked about, ETF inflows, Morgan Stanley, Charles Schwab, all this stuff, it just hammers home that graphic that we loved from last week.
• 25:56
  [SPEAKER_01]: Q1, 2026, who is buying, who is selling?
• 26:00
  [SPEAKER_01]: Individuals are selling, business is governments and funds and ETFs are buying.
• 26:05
  [SPEAKER_01]: We hammered that graphic last time, but it was just a nice little bow tie on everything that we just talked about.
• 26:11
  [SPEAKER_01]: We got a little rumblings.
• 26:12
  [SPEAKER_01]: I'm seeing this on the timeline.
• 26:14
  [SPEAKER_01]: I know you are too Brian.
• 26:15
  [SPEAKER_01]: We're getting some rumblings.
• 26:16
  [SPEAKER_01]: People want crypto legislation at a high level.
• 26:19
  [SPEAKER_01]: Clearly, there's been a ton
• 26:21
  [SPEAKER_01]: going on on the macro level but let's click set treasurer secretary Scott bessance coming back to it we've played some clips recently from Paul Atkins they're kind of pushing forward to the clarity act as we covered on the show the genius acts seems to be going into implementation but the clarity acts
• 26:39
  [SPEAKER_01]: they're saying it needs to pass.
• 26:41
  [SPEAKER_01]: The time is precious and now is the time to act from our treasury secretary.
• 26:45
  [SPEAKER_01]: Um, any just open form here, anything else you're seeing on the timeline about this, I just see more high-profile tweets than anything.
• 26:53
  [SPEAKER_01]: I don't really see any stakeholders quite talking about it yet.
• 26:57
  [SPEAKER_03]: Well, we had run Armstrong kind of doubled down and kind of mentioned or retweet the sense tweet.
• 27:03
  [SPEAKER_03]: So Secretary Scott was saying called on the Senate Republicans to hold a mark up on this clarity act.
• 27:08
  [SPEAKER_03]: Something that's just huge for us in this upcoming year and immediately send it to President Trump's desk.
• 27:15
  [SPEAKER_03]: We even have Coinbase CEO Brian Armstrong backed him up, praising the bipartisan bill in the work behind it, so really some of the big news here.
• 27:24
  [SPEAKER_03]: I think this happened like two days ago, the White House released a report showing that even so in the clarity act, there's this we got the crypto side, the crypto people and then the banks and it's all about these stable coin yields.
• 27:35
  [SPEAKER_03]: I'm sure there's a little bit more doubling the details, but that's really what everyone's talking about.
• 27:41
  [SPEAKER_03]: And the banks don't want to offer this massive amount of yield.
• 27:46
  [SPEAKER_03]: So the crypto companies, because their scared people are gonna pull money and put in the crypto companies' hands.
• 27:51
  [SPEAKER_03]: Well, the White House released a report showing that even a full ban on stable coin yields would only increase bank lending to about 2.1 billion.
• 28:00
  [SPEAKER_03]: That's 0.02% total of the US bank loans.
• 28:04
  [SPEAKER_03]: Wow, it would cost you and me and all the consumers table $800 million dollars in loss returns.
• 28:11
  [SPEAKER_03]: This basically destroys my opinion, the main argument and gives a huge crypto side advantage.
• 28:18
  [SPEAKER_03]: The way I was calling it a rounding error.
• 28:21
  [SPEAKER_03]: So that report was really interesting, and then we have Scott Bessent coming on and putting more and more pressure on.
• 28:27
  [SPEAKER_03]: I think time is extremely important, and we've talked about this in our community.
• 28:32
  [SPEAKER_03]: I'm pretty sure I talked about it on the rundown, is that we have mid-terms coming up.
• 28:36
  [SPEAKER_03]: We got a lot of these senators that are just going to kind of like cause to try and their mid-terms, so we need to get this kind of hammered out in the month they vapor all into May.
• 28:43
  [SPEAKER_03]: between before mid-terms and everybody pretty much stops working on these bills.
• 28:48
  [SPEAKER_03]: So very important timing, love to see, uh, Scott was sent pushing for this, love to see Brian Armstrong, and I do, I like the White House releasing a report pretty much showing that even a full ban of stable coins, we don't only increase bank loans, lending by a couple billion dollars.
• 29:05
  [SPEAKER_03]: And that's a report, uh, I'm not coming up with it.
• 29:07
  [SPEAKER_03]: I'm just reading what's exactly being presented,
• 29:10
  [SPEAKER_03]: So it's starting to make me feel like do the banks even really want to get this done, like what's happening here because that they literally called it a rounding air.
• 29:20
  [SPEAKER_03]: So it doesn't seem like it's a huge point of a huge argument for the banks right now.
• 29:28
  [SPEAKER_03]: It seems a lot of people are starting to side with the crypto side of things.
• 29:31
  [SPEAKER_03]: And then when you talk about it would cost, then this report is said it would cost consumers
• 29:39
  [SPEAKER_03]: Like we want that man.
• 29:40
  [SPEAKER_03]: I mean I get taxed on everything.
• 29:41
  [SPEAKER_03]: I get taxed on my wages.
• 29:43
  [SPEAKER_03]: I go and buy something.
• 29:44
  [SPEAKER_03]: I get taxed on it.
• 29:45
  [SPEAKER_03]: I get more money.
• 29:46
  [SPEAKER_03]: I get taxed on I get taxed left and right give me a little bit of an opportunity and that's why I'm in crypto and that's why I love it that's why I love the decentralized nature of it and and they're able to offer something to consumers that banks aren't able to offer right now.
• 29:59
  [SPEAKER_03]: So I really hope this either way, I hope this gets pushed through because I think it's just either a direction, there's a lot of, there's a ton of lock liquidity on the sidelines until we actually get this market structure bill or the clarity act across the desk and finalized.
• 30:14
  [SPEAKER_03]: but it's it's starting to pick up a little bit you know we got less jamey diamond yelling at reporters saying if coin base wants to be a bank be a bank now we're getting you know literally the treasury secretary of the united states calling on state senate republicans to get the markup done get it to trump so we can get this moved because i think they know that times really crucial here
• 30:35
  [SPEAKER_01]: Yeah, I mean, what we started revolution over taxing our T. So, you know, there's a lot of taxes to go around these days.
• 30:43
  [SPEAKER_01]: Uh, I think I was talking to you when I, oh, but hey, if you're getting taxed, it means you're making money, which is always a good thing.
• 30:51
  [SPEAKER_01]: And we'll leave the tax debate to others because we're just focused on the ladder of making some money.
• 30:56
  [SPEAKER_01]: Shout out to CC all the way from Port Elizabeth, South Africa today.
• 31:01
  [SPEAKER_01]: Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah
• 31:24
  [SPEAKER_01]: subscribe if you're new bottom right hit the logo, uh, towel.
• 31:28
  [SPEAKER_01]: So this program has been, uh, talking about towel a lot and we've covered it many times.
• 31:34
  [SPEAKER_01]: The community was even covering towel earlier on both sides newsletters from Rohit, uh, calls from Brian and Joe, uh, and obviously let's start there.
• 31:43
  [SPEAKER_01]: Let's start, uh, we got to go back to, uh, Coin Market Capital.
• 31:47
  [SPEAKER_01]: Let's bring up towel.
• 31:48
  [SPEAKER_01]: let's bring up the price action just so we can kind of do that zoom out view it's something that we've been talking about for a while so um again if you're looking even in a one month it's still up 35% but um I know our newsletters I mean we've been talking about it all in this range but specifically down here I know is when your guys is called went out right off to the community to say hey might might be worth looking at something down here
• 32:18
  [SPEAKER_01]: there was a drop off.
• 32:19
  [SPEAKER_01]: So there's some news around what's going on here down 13% for the week.
• 32:23
  [SPEAKER_01]: I think it was a 20% drop we saw in 24 hours.
• 32:27
  [SPEAKER_01]: And there's news behind this.
• 32:29
  [SPEAKER_01]: So let's let's before we break down the news.
• 32:31
  [SPEAKER_01]: I'm just going to plug the community one more time for Brian and Joe.
• 32:34
  [SPEAKER_01]: So in the link below $1 trial you can get their news letters, you get their first alerts, all that.
• 32:39
  [SPEAKER_01]: And it's always educational in nature.
• 32:40
  [SPEAKER_01]: It's not financial advice.
• 32:42
  [SPEAKER_01]: But
• 32:42
  [SPEAKER_01]: this week on Wednesday, Brian and Joe were having a conversation and kind of let's have you explain it.
• 32:50
  [SPEAKER_01]: Tell it tell how it came about the timing of it and then we can go into the news that ended up being a great call.
• 32:58
  [SPEAKER_03]: Yeah, this had nothing to do with me.
• 33:01
  [SPEAKER_03]: I think even in our news, whether I still mention that, I still hold town, really like town, and I'm still very interested in their subnet's.
• 33:08
  [SPEAKER_03]: And I am, but Joe, who probably made the most recent town call recently, and it did very well for people.
• 33:15
  [SPEAKER_03]: Actually, he was breaking it down.
• 33:16
  [SPEAKER_03]: He was kind of breaking down just kind of like, hey, here's a few past calls, there's a few winners in town, of course, popped up there.
• 33:22
  [SPEAKER_03]: And he actually took a look at it, and he mentioned that like, this might be the time to take profits.
• 33:28
  [SPEAKER_03]: specifically with that coin and I actually asked I wrote it down here because I wanted to make sure I got it right.
• 33:35
  [SPEAKER_03]: You said due to technicals, but he felt like it was still a good long-term home hold because it was hitting the top of a descending trend line, you know, Joe doesn't do a ton of TA.
• 33:45
  [SPEAKER_03]: I don't do a ton of TA, but sometimes they can just jump off at you and he said it took about six months to get back to its previous low support and it might take some effort to get through it.
• 33:56
  [SPEAKER_03]: This was really, from that point of view, I wish I listened to them for this closure.
• 34:02
  [SPEAKER_03]: I didn't, I still hold my towel and we'll go through the news of why there is this sharp drop off.
• 34:08
  [SPEAKER_03]: Cause we were seeing a towel getting talked about everywhere, man, it was the talk of the town.
• 34:12
  [SPEAKER_03]: It was in on the all, the all-in-podcast.
• 34:15
  [SPEAKER_03]: We had major people talking about some of these sub-nets, talking about towel, the AI, the decentralized AI model.
• 34:21
  [SPEAKER_03]: I am such a big believer.
• 34:23
  [SPEAKER_03]: But then, as we all just looked at, we saw a towel sell off sharply in the past 24 hours.
• 34:29
  [SPEAKER_03]: And what happened?
• 34:30
  [SPEAKER_03]: It was a major dispute between COVID and AI, the team that runs these big subnet.
• 34:36
  [SPEAKER_03]: And subnet's are something that's built on the BitTencer network.
• 34:40
  [SPEAKER_03]: It was Templar Grail and I think of Basilica.
• 34:44
  [SPEAKER_03]: So these three sublets, out of the 128, three of these are run by this team.
• 34:49
  [SPEAKER_03]: And the BitTencer co-founder Jacob Steve's
• 34:53
  [SPEAKER_03]: And then pretty much had a battle and missions to the sub-nets were cut to zero, they say.
• 35:01
  [SPEAKER_03]: So they announced these sub-nets, these three sub-nets, they announced this team said they're fully exiting the BitTencer network and called BitTencers, they're very decentralized, but they called it decentralized.
• 35:14
  [SPEAKER_03]: theater, which caused a lot of problems, because we haven't seen a subnet fully exit like this, especially Templar, was the number one subnet on the bit tensor network.
• 35:24
  [SPEAKER_03]: I've actually given it out as a recommendation, because they were doing some really great things.
• 35:29
  [SPEAKER_03]: But there was something going on in between these two sides between the covenant AI team and the bit tensor side and the bit tensor basically said this is about accountability and performance and more importantly it's now about accelerating more real governance and changes like lock based sub that ownership so investors can see long-term skin in the game up front up front.
• 35:53
  [SPEAKER_03]: Uh, I kind of verbally vomiting a lot of just this battle between major subnets and what's going on in bit tensor.
• 36:00
  [SPEAKER_03]: But essentially, these subnets are like, we're getting off of the bit tensor network.
• 36:04
  [SPEAKER_03]: They sold eight figures worth of the towel token.
• 36:08
  [SPEAKER_03]: So we saw a huge dump of the towel token and they, they just left in that work.
• 36:12
  [SPEAKER_03]: They're like, I'm, we're out of here.
• 36:15
  [SPEAKER_03]: Uh, this is not the death of towel in my opinion.
• 36:18
  [SPEAKER_03]: The network is way bigger than three subnets.
• 36:21
  [SPEAKER_03]: near-term, it could cool off in Rally as speculative money continues to rotate, but longer-term, I really do believe that more transparent governance could actually be really healthy for the project, and they need to figure out how to keep these subnet's happy, make sure the emissions are fair.
• 36:39
  [SPEAKER_03]: So this is almost a little bit of a learning situation for town and the bittets are networked, and we saw huge correction here, man.
• 36:45
  [SPEAKER_03]: I mean, this, this, this, this loss like $80 in 24 hours,
• 36:51
  [SPEAKER_03]: it has looked like it's it's stabilized a little bit here right around 270 so there's two ways you can play this you could be like this maybe the time to doll or cost average in thinking the tiles get bounced back and they're gonna improve the relationships these subnet are gone.
• 37:08
  [SPEAKER_03]: Uh, you, you, you could just be like, why would an AI developer choose how if they want to build in a decentralized nature?
• 37:16
  [SPEAKER_03]: So that's something I'm personally going on through, but hats off to Joe, man.
• 37:20
  [SPEAKER_03]: If you're listening, Joe, telling everyone that the technicals look like it was a good time to sell and he nailed it there.
• 37:26
  [SPEAKER_03]: I didn't listen to him and, and I should have, and I'm not sure how many people in the community did because how was just looked like it was on a rampage to all time high.
• 37:37
  [SPEAKER_03]: And I do still really like it.
• 37:39
  [SPEAKER_03]: I don't think it's the death of Tal, but this was a big blow in the car.
• 37:44
  [SPEAKER_03]: It's getting a lot of fun out there on the timeline table.
• 37:46
  [SPEAKER_01]: Yeah, a lot of fun, but also not.
• 37:50
  [SPEAKER_01]: some bottom text down here so you're in this range is learning from Brendan a little bit of a descending triangle so there's your playground for speculation if you will and again you just got to learn what type of investor you are you know a year two three years out of you know is this something that you've educated yourself on and want to get involved with
• 38:12
  [SPEAKER_01]: And that's what this show and our communities all about is giving you the options and that's my favorite part of You know, it's a it's a little bit of like a lucky call that you said, you know, Joe saw the technicals and the subnet basically kind of rugs if you will The the Talto can a little bit for that latest move, but like that's what's so cool about our show that's what's so cool about our community is
• 38:33
  [SPEAKER_01]: You know, we all think from a macro level, zoom out level, believe in this industry where it's going in a tire, right?
• 38:40
  [SPEAKER_01]: But like, we have so many different personalities, so many different views, so many different expertise is that we all bring something different to the table, and that's the cool part of being involved, you know, whether you're just listening to show and I bring, you know, everybody try to rotate.
• 38:54
  [SPEAKER_01]: You, Joe, Brendan, we're going to get, you know, Bryce involved, I think he's back.
• 38:58
  [SPEAKER_01]: He's going to come on the show this month, uh, get some other people involved maybe.
• 39:01
  [SPEAKER_01]: So, you know, that's, that's kind of what I love about doing this is we're not, we're not all in lockstep and have the same exact opinion and the same trading like we all kind of come from different areas with different, you know, views and expertise and I really love that.
• 39:14
  [SPEAKER_03]: Yeah, it's no.
• 39:16
  [SPEAKER_03]: You're exactly right.
• 39:17
  [SPEAKER_03]: There's always different points of views and different trading styles in risk appetites, and I think that's something unique about our team because we all bring something a little bit different.
• 39:25
  [SPEAKER_03]: But this sucks for Tao in the short term.
• 39:28
  [SPEAKER_03]: So you don't want to lose the biggest sense.
• 39:31
  [SPEAKER_01]: I mean, we covered it, and I think, you know, I just try to say credits us in a way of like the community.
• 39:36
  [SPEAKER_01]: We've been talking about this project for a while with newsletters in the community.
• 39:41
  [SPEAKER_01]: You know, when it gets to the point where we're on the show and we're showing clips of the all-in-podcast and Jensen Wong talking about Tao and the subnet and then, you know, that weekend I go and I Uber and my Uber drivers being like, you got Tao and you're like, Tao?
• 39:54
  [SPEAKER_01]: You're like, Tao?
• 39:56
  [SPEAKER_01]: I'm like, God, the Uber drivers telling me Tao, like we've seen this before, ring the bell.
• 40:01
  [SPEAKER_03]: Ring the bell.
• 40:03
  [SPEAKER_03]: He's telling you about subnet 114 and why they're building the greatest decentralized model ever.
• 40:09
  [SPEAKER_01]: You're like, okay, you're like, okay, my brother, my brother's a marketing expert.
• 40:16
  [SPEAKER_01]: He really is and they're building some really cool AI tools and he makes some content.
• 40:20
  [SPEAKER_01]: He's newer in the content game of giving us some pro tips, Kevin's killing it though.
• 40:24
  [SPEAKER_01]: but he did as like I'm watching his stuff and and I am scrolling and he makes uh he makes uh you know a piece of content about the towel you know gents and long and uh all in talking about towel and breaking down town like oh my god if my brother's talking about towel we gotta sell it sell it uh baby jutsle jutsle jutsle jutsle jutsle jutsle
• 40:47
  [SPEAKER_03]: Joe nailed it, man.
• 40:48
  [SPEAKER_03]: Joe basically was like the technical, this is a tough range, and nailed it.
• 40:52
  [SPEAKER_03]: And I mean, I kicked myself for not listening because we all get kind of caught up in the hype train, right?
• 40:58
  [SPEAKER_03]: You know, we all, I love the bull post.
• 41:00
  [SPEAKER_03]: I love it.
• 41:01
  [SPEAKER_03]: And everybody loves it.
• 41:02
  [SPEAKER_03]: in AI and crypto go together like peanut butter and jelly in towels have the biggest decentralized networks.
• 41:08
  [SPEAKER_03]: So again, I'm just going to write my point of view.
• 41:10
  [SPEAKER_03]: I don't think this is the death of towel or bit tensor by any means.
• 41:14
  [SPEAKER_03]: I think we're going to maybe go through a little bit of a rough patch here.
• 41:18
  [SPEAKER_03]: We want to unpack everything and make educated and strong decisions.
• 41:22
  [SPEAKER_03]: But I think there's a real path for this to go the right way and sucks in the short term.
• 41:29
  [SPEAKER_03]: I mean, this hit the news wire late last night and I was like, oh, dude, I was like, what is going on in jumped in and started reading more about it.
• 41:40
  [SPEAKER_03]: and fully trying to understand exactly and it just sounds like a little bit of a marriage going sour one person's saying you know as decentralized as you say the other person's saying like well you're not putting enough effort in and they're bad breakup and we probably won't even remember this in a few months now if there's some more bullish headlines around town
• 41:59
  [SPEAKER_03]: But right now, um, you know, if you didn't get out like myself, you're probably feeling a little bit of pain, but, you know, I'm not sweating it because I don't think towels going to zero and I actually, I mean, I'm optimistic like I, I'm the half, I'm the half, the glass half full type of guy, but I think this could really give the bitterntile ecosystem a better way to approach the subnet's.
• 42:23
  [SPEAKER_03]: And how do you utilize governance and these admissions so it could be beneficial in the long run, but we'll go have to see this is why we this is still crypto at the end of the day, you know, this is still volatility and just one found to get pissed off of another founder could cause major impacts in the market.
• 42:46
  [SPEAKER_03]: but dipping their toes into towel and what they're building.
• 42:50
  [SPEAKER_03]: So there's a lot of positives here too.
• 42:52
  [SPEAKER_03]: I'm not exactly sure, I don't want to say it out loud right now.
• 42:55
  [SPEAKER_03]: I'm not exactly sure what I'm going to do with my towel bag.
• 42:59
  [SPEAKER_03]: If I'm going to buy more from a sell little portion and move it into some other ults that I really like.
• 43:04
  [SPEAKER_03]: I really need to chew on it for a little bit, but probably within our community in the next week, I'll have a pretty good formulated opinion, but really need to see how this all impacts over the next few weeks.
• 43:14
  [SPEAKER_01]: Sounds like a good plan.
• 43:15
  [SPEAKER_01]: We'll be following along and talking.
• 43:18
  [SPEAKER_01]: We got a couple more topics to talk about.
• 43:20
  [SPEAKER_01]: Anybody we can do?
• 43:22
  [SPEAKER_01]: for people in the chat I saw eyeball jumping in what's up eyeball if you guys have any questions we can do a little like Q&A at the end of the day it's the Brian what do I have to do to get you boys to read me a bedtime story god damn not much man just ask
• 43:37
  [SPEAKER_03]: Yeah.
• 43:38
  [SPEAKER_03]: Again, I'm from Pittsburgh.
• 43:41
  [SPEAKER_03]: I told my wife about you holy well.
• 43:43
  [SPEAKER_03]: I was like, and I like started reading the comments with Tevo, and there's some really good ones or something they feel kind of bad, but there's some really good ones down with like, there's this guy holy well, it's in my voice sounds like butter and she looked at me like I had three heads.
• 43:57
  [SPEAKER_03]: She's like you voice butter.
• 43:59
  [SPEAKER_03]: I go nasally butter, but we're something one more like margarine.
• 44:03
  [SPEAKER_01]: Yeah, I want to get a holy will needs to shout out another one from Spotify, Ethan, Ethan said I never thought I'd enjoy an educational podcast, but I was wrong.
• 44:13
  [SPEAKER_01]: So really appreciate you tuning in from Spotify, they're Ethan.
• 44:17
  [SPEAKER_01]: But yeah, if you guys have any questions, throw them in the chat.
• 44:20
  [SPEAKER_01]: We'll have a little fun of the end of the show.
• 44:23
  [SPEAKER_01]: You know who else is having fun right now?
• 44:25
  [SPEAKER_01]: The Peppa people.
• 44:27
  [SPEAKER_01]: Peppa is back.
• 44:29
  [SPEAKER_01]: I don't know, I actually didn't necessarily get denied either.
• 44:45
  [SPEAKER_01]: Maybe they learn some things from the PENGO ETF and then now they're starting to file the PEPA ETF.
• 44:50
  [SPEAKER_01]: because I feel like they wouldn't go through, this is just, you know, this is me trying to pull rabbit out of the hat of the ETF industry, which I know nothing about applying for, but I don't think you would go file for a PEPA ETF if you had the PEN GUI ETF going and you kind of, like, all right, this isn't going to get approved.
• 45:06
  [SPEAKER_03]: Yeah, I agree with that, man.
• 45:07
  [SPEAKER_03]: And PEPA, PEPA is an interesting token, man.
• 45:10
  [SPEAKER_03]: In the bear market, it gets whacked down.
• 45:12
  [SPEAKER_03]: I think it was launched
• 45:17
  [SPEAKER_03]: One of my biggest round trips ever.
• 45:19
  [SPEAKER_03]: This is while I was working with draft Kings in Pepe with launch Tvo.
• 45:23
  [SPEAKER_03]: And I bought an absurd amount of Pepe and I was out and about and was refreshing my phone and it was like oh my gosh like I have so much ethereum right now if I convert this right now by the time I got home I lost like half the stack and wrote it out and it went to the deepest of bears for the longest time with the rest of the market I ended up capitulating and selling.
• 45:50
  [SPEAKER_03]: and then it then it absolutely in the next bull run when we had you know the past year it absolutely went two three x what I had and I I fumbled the bag worse than ever on Pepe so Pepe Pepe me of this weird relationship because it is the most recognizable meme of alter especially in crypto circles it is a one billion dollar market cap I think it got close to ten billion at one point
• 46:15
  [SPEAKER_03]: has a viral community.
• 46:17
  [SPEAKER_03]: It tells a good story and it moves in bull markets like we've never seen.
• 46:22
  [SPEAKER_03]: I really do believe like if it's when when Ethereum gets to it's all time highs back there Pepe could be one of those odd meme coins that people are like, hey, I'm back to speculating with it.
• 46:33
  [SPEAKER_03]: I'm not even sure how it's done recently, but I'd imagine it's hanging out pretty decent.
• 46:39
  [SPEAKER_03]: You know, it's starting to climb a little bit.
• 46:41
  [SPEAKER_03]: But I don't think it's bad ETF and it's great to see that some of these, it's like a blue chip meme coin.
• 46:47
  [SPEAKER_03]: That's exactly what it's.
• 46:48
  [SPEAKER_03]: It's a blue chip meme coin and I'm not surprised to see Canary file for this Pepe ETF because there's a few out there that are going to stay around forever.
• 46:56
  [SPEAKER_03]: The dojo is the Sheeps, the Pepe, the Pengus, the Rex.
• 47:00
  [SPEAKER_03]: There's a few out there that just tell such a great, you can even argue far coin.
• 47:05
  [SPEAKER_03]: uh, it seems like whenever some of these majors start to rally, these can really rally hard.
• 47:11
  [SPEAKER_03]: Now, it's been down in the dumps for a while, but it's kind of one of those meme coins that's on my short list that like, hey, when's a good time to enter and just, you know, hold onto your hats and hope it really starts to multiply, but there might be some other attractive altcoins that I might pick over at first.
• 47:30
  [SPEAKER_03]: I'm still kind of build
• 47:33
  [SPEAKER_01]: Yeah, a little sprinkle on Peppas, always fun, a little sprinkle on any meme coins, always fun understanding the risk that you're doing, but hey, that's what we have you Brian and Joe for, right?
• 47:45
  [SPEAKER_01]: It's the, uh, their Navy Seals and the trenches find in the Alfa super super.
• 47:49
  [SPEAKER_01]: Think at the end of the show, we want to, uh, we wanted to circle back to the the Pudgy Penguin plushie from the last show was, uh, was something that got the people excited.
• 48:03
  [SPEAKER_01]: because we saw this thing pop out of the box, right?
• 48:06
  [SPEAKER_01]: And we're like, oh, look at that.
• 48:08
  [SPEAKER_01]: And something that we think would be fun to get, but your wife would yell at you, I would get yelled at as well by my girlfriend and my mother.
• 48:18
  [SPEAKER_01]: So a large of a thing, but that doesn't mean we can't have it.
• 48:22
  [SPEAKER_01]: We just need to speak it into existence.
• 48:24
  [SPEAKER_01]: So we said that we were going to pick a price point on the chart.
• 48:28
  [SPEAKER_01]: And if 10 you reaches that by the end of the year, we're trying to say, we'll give it a year, which is in general, if it ever reaches back to a point on the chart that we're going to bring up.
• 48:40
  [SPEAKER_01]: Brian and I are going to go ahead and buy one of these giant plushies and it can be a friend of the show that we can put in the background.
• 48:47
  [SPEAKER_01]: So what do you think, Brian?
• 48:49
  [SPEAKER_01]: What's our look on the pen you chart here?
• 48:52
  [SPEAKER_01]: You kind of said, it's like I want to pick some, you know, all coins or mean coins that in theory might be like a good place to buy.
• 48:59
  [SPEAKER_01]: I mean, it's hard to,
• 49:01
  [SPEAKER_01]: historically see pen goo much lower than where it's at right now.
• 49:04
  [SPEAKER_03]: Yeah, I've been thinking about this a little bit.
• 49:07
  [SPEAKER_03]: I want the plushie.
• 49:08
  [SPEAKER_03]: Like I didn't want it on Tuesday.
• 49:10
  [SPEAKER_03]: Put the more thought about it.
• 49:12
  [SPEAKER_03]: I want the plushie.
• 49:14
  [SPEAKER_03]: And you know, I'm well, I'm willing to take the heat.
• 49:17
  [SPEAKER_03]: I'm willing to, I'm willing to let that plushie sit in the background for two years, you know, just this giant plushie.
• 49:25
  [SPEAKER_03]: We need at least a double up from here.
• 49:29
  [SPEAKER_03]: Yeah, we need we need at least a double up.
• 49:32
  [SPEAKER_03]: And that's kind of it's looks like an anywhere, we're like two cents.
• 49:36
  [SPEAKER_01]: What about two cents?
• 49:37
  [SPEAKER_01]: I we want to break through this.
• 49:40
  [SPEAKER_01]: So this is a double, but then it could fall back down.
• 49:42
  [SPEAKER_01]: So it's like what about breaking that that resistance here at about the first cent and getting it to two cents.
• 49:50
  [SPEAKER_03]: I think to, I mean, that's, that's just curl and perfect.
• 49:54
  [SPEAKER_03]: Two cents.
• 49:55
  [SPEAKER_03]: I'm, I'm, I might buy two plushies, man.
• 49:58
  [SPEAKER_03]: If we're allowed to do a giveaway, we have to talk to legal or something.
• 50:01
  [SPEAKER_03]: If we get the two cents, man, I'll buy two.
• 50:03
  [SPEAKER_03]: And if any, we need to get approval.
• 50:04
  [SPEAKER_03]: So I can't guarantee this.
• 50:06
  [SPEAKER_03]: We get the two cents.
• 50:07
  [SPEAKER_03]: I would buy another one and send it to somebody, but I don't know if we're allowed to do that or not, but if we are.
• 50:12
  [SPEAKER_01]: I would like to do.
• 50:13
  [SPEAKER_01]: I'm always with man.
• 50:15
  [SPEAKER_01]: All these people from around the world, man.
• 50:16
  [SPEAKER_01]: I'm sorry.
• 50:18
  [SPEAKER_01]: Shipping is going to be crazy.
• 50:19
  [SPEAKER_01]: Shipping to the island, man.
• 50:21
  [SPEAKER_01]: Shipping to South Africa.
• 50:22
  [SPEAKER_01]: It's going to be a ton.
• 50:24
  [SPEAKER_03]: I think you're underestimating.
• 50:26
  [SPEAKER_03]: How much penguin might actually have.
• 50:28
  [SPEAKER_03]: So, what do you sense?
• 50:32
  [SPEAKER_03]: I'm like, but there's a PJ and go meet these guys in their destinations, so we verify that this is an actual international show.
• 50:41
  [SPEAKER_03]: Well, yeah, we'll have that punchy penguin in the cockpit.
• 50:43
  [SPEAKER_03]: We'll make content the entire way.
• 50:46
  [SPEAKER_03]: It's two cents.
• 50:47
  [SPEAKER_03]: I'm loving it.
• 50:49
  [SPEAKER_03]: So we might have to get clarification on it.
• 50:51
  [SPEAKER_03]: I can guarantee you at two cents.
• 50:53
  [SPEAKER_03]: I'm buying one.
• 50:54
  [SPEAKER_03]: I'll do it.
• 50:54
  [SPEAKER_03]: I'll do it.
• 50:55
  [SPEAKER_03]: I'm going to show whatever I got to do.
• 50:56
  [SPEAKER_03]: Even if they're not available anymore, I'll buy a second hand.
• 50:59
  [SPEAKER_03]: I'll find it.
• 51:00
  [SPEAKER_01]: Yeah, I'm sure the collectible industry will be reselling those for sure, especially the Puggy community.
• 51:07
  [SPEAKER_01]: But that's any of any, I didn't really see any questions.
• 51:11
  [SPEAKER_01]: Holy whale thought it was funny that I was from Delaware.
• 51:15
  [SPEAKER_01]: BTC Harp is said, damn I'm late.
• 51:17
  [SPEAKER_01]: Well, that's okay, brother.
• 51:18
  [SPEAKER_01]: Go back and watch it from the jump.
• 51:20
  [SPEAKER_01]: Any questions before we go?
• 51:22
  [SPEAKER_01]: Any questions last call.
• 51:24
  [SPEAKER_01]: Somebody said troll.
• 51:25
  [SPEAKER_01]: You ever hear of troll?
• 51:29
  [SPEAKER_03]: the meme point.
• 51:31
  [SPEAKER_01]: Yeah, so what do you think?
• 51:32
  [SPEAKER_01]: Oh, yeah, yeah, troll.
• 51:33
  [SPEAKER_01]: I don't troll.
• 51:34
  [SPEAKER_01]: What do you think a troll?
• 51:35
  [SPEAKER_01]: That's a question from this DC's been here from the beginning.
• 51:38
  [SPEAKER_01]: We'll give it to him.
• 51:39
  [SPEAKER_03]: Oh, I actually, I got to be honest with you.
• 51:42
  [SPEAKER_03]: I haven't looked at the troll chart in a while.
• 51:46
  [SPEAKER_03]: Oh, is that it?
• 51:48
  [SPEAKER_03]: I mean, the chart doesn't look great.
• 51:49
  [SPEAKER_03]: Does it?
• 51:50
  [SPEAKER_03]: I mean,
• 51:52
  [SPEAKER_03]: uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh
• 52:07
  [SPEAKER_03]: uh... during the meme coin uh... frenzy so i wouldn't be surprised me still thirteen million dollar market cap i think it was all the way up to over uh... hundred right or close uh... at one point uh... market cap two more than that two fifty four two seventy four at the peak
• 52:27
  [SPEAKER_03]: that seems as seems tough to get back there but never say never.
• 52:32
  [SPEAKER_03]: I mean that was the hype of the hype and the meme coin market where on chain runners were just happened.
• 52:39
  [SPEAKER_03]: We're not seeing enough on chain activity right now to justify all these meme coins or our most of them.
• 52:45
  [SPEAKER_03]: I think there's some really interesting opportunities but with that being said,
• 52:49
  [SPEAKER_03]: Once we start getting to that 80, 90, 100,000 dollar Bitcoin, these are the type of tokens of my opinion, that can roll because even though it's a $13 million market gap, it's actually pretty decently healthy.
• 53:04
  [SPEAKER_03]: And you can see, what's it up?
• 53:05
  [SPEAKER_03]: 13% on the day, volume's up 40% so when markets start to bounce, certain tokens like troll and Pepe and these other major meme coins can really respond closely.
• 53:16
  [SPEAKER_03]: I'll do a little bit better due to agents on exactly if there's anything going on in the troll ecosystem, but right now I'm probably not diving that deep into it, but
• 53:27
  [SPEAKER_03]: Probably one of the better, you know, sprinkle a little bit on it and just keep sprinkling on it because it's going to probably run once once on chain activity picks up a little bit and how that happens is that we need the we need the overall crypto market to pick up a little bit and we're starting to see just the first inning of that happening in my opinion.
• 53:45
  [SPEAKER_01]: more to add there.
• 53:46
  [SPEAKER_01]: That's your department for troll.
• 53:50
  [SPEAKER_01]: We still got some people hanging around.
• 53:51
  [SPEAKER_01]: I think they're digging it.
• 53:53
  [SPEAKER_01]: They're digging it.
• 53:54
  [SPEAKER_01]: We'll pull a random topic from the sheet.
• 53:56
  [SPEAKER_01]: We didn't know if we were going to cover it.
• 53:57
  [SPEAKER_01]: Brian Snickard went through it on there because it's some crypto OG's fighting each other.
• 54:02
  [SPEAKER_01]: So on who's actually divorced CZ in the news via the timeline on who's
• 54:10
  [SPEAKER_03]: This is nothing to do with crypto, this is essentially one of us ridiculous things ever, but CZ who has probably more money than God, and then, um,
• 54:20
  [SPEAKER_03]: A star, so CZ is the founder of Binance.
• 54:26
  [SPEAKER_03]: And then we have star who's the founder of OKX and just a little bit of background for everybody here, is that CZ actually started with OKX at the time it was called OK Coin and he's worked there for about a year and broke off and started Binance.
• 54:42
  [SPEAKER_03]: So, CZ and Star, these two guys, they hate each other.
• 54:46
  [SPEAKER_03]: And you can see he's talking to Star here.
• 54:48
  [SPEAKER_03]: And this isn't have anything to do with crypto at all.
• 54:51
  [SPEAKER_03]: They basically, CZ saying they're talking about CZ divorce.
• 54:55
  [SPEAKER_03]: Not divorce from Binance, how I first interpreted it, is actual physical divorce from his partner.
• 55:02
  [SPEAKER_03]: And he's now offering a billion dollars.
• 55:05
  [SPEAKER_03]: bet, uh, CZ saying that I can prove that on divorced and stars going back and forth, it's just like two insanely rich crypto founders fighting in real time on the timeline.
• 55:19
  [SPEAKER_03]: It's just perfect for what's going on in the world right now.
• 55:23
  [SPEAKER_03]: Uh, it's perfect for the Friday vibes, but really interesting story.
• 55:26
  [SPEAKER_03]: CZ actually came out with a book.
• 55:28
  [SPEAKER_03]: It was released this month, any bashed.
• 55:31
  [SPEAKER_03]: Okay, X and Star in the book and I think this is a decade long feud between these two and started like some of the things he said in his book took it to the timeline and then they literally started arguing about if CZ is divorced or not and then CZ is trying to put a billion dollar bet the funny thing is is both of these guys have a billion dollars to win it to lose that's how rich they are so
• 55:57
  [SPEAKER_03]: I'm not sure, but I'll tell you the side, if there's a Pauling Market bet that gets created, I am aping in to seize these side, because like he would know if he's divorced or not legally, like, you know, it seems like such a weird battle to fight, but you know, that's what happens every once in a while whenever the market's a little choppy.
• 56:19
  [SPEAKER_03]: We got two billionaires for major exchanges fighting openly about if they're divorced or not.
• 56:27
  [SPEAKER_01]: crazy.
• 56:28
  [SPEAKER_01]: Yeah, I don't have much, I don't have much to add there.
• 56:31
  [SPEAKER_01]: CZ blocked us.
• 56:33
  [SPEAKER_01]: Uh, I'm feeding blockers.
• 56:34
  [SPEAKER_01]: He followed us during the, uh, the famous, do you remember that?
• 56:40
  [SPEAKER_01]: It was like the sandbag and freed.
• 56:41
  [SPEAKER_01]: I don't even know if you're on the team yet.
• 56:44
  [SPEAKER_01]: I don't think I'm the team.
• 56:45
  [SPEAKER_01]: No, so there's like the day that CZ dropped the bomb on Sandbank when Fried was like, you know, they were going back and forth and CZ was like basically like, you know, FTX is, you know, I'm not, there's something like I'm not doing anything with Sam.
• 57:01
  [SPEAKER_01]: I'm not giving him any money and I made like a meme of uh, Sumo is too sumo wrestlers.
• 57:06
  [SPEAKER_01]: One at CZ's face, one at Sandbank and Fried's face and they were going at each other.
• 57:10
  [SPEAKER_01]: and it got like, you know, 2,000, 3,000 likes and a bunch of reposts and CZ used to follow us and then he unfollowed us and I was so scared.
• 57:21
  [SPEAKER_01]: I was like shit, Bryce is gonna fire me like the biggest kind crypt of unfollowed us and Bryce thought it was hilarious.
• 57:29
  [SPEAKER_03]: But we love Steve.
• 57:31
  [SPEAKER_03]: Arguably the possibly the richest person in the world too.
• 57:34
  [SPEAKER_03]: We don't know it's like full worth, but he could be richer than anybody.
• 57:38
  [SPEAKER_03]: So, right, super delicious team of pissing off the players.
• 57:43
  [SPEAKER_01]: Hey, man.
• 57:43
  [SPEAKER_01]: I used to live in that world.
• 57:44
  [SPEAKER_01]: That's what they found me.
• 57:45
  [SPEAKER_01]: They found me.
• 57:46
  [SPEAKER_01]: And then you want to talk about who's in the trenches?
• 57:48
  [SPEAKER_01]: The meme trenches where I used to live people forget, man.
• 57:51
  [SPEAKER_01]: People forget.
• 57:52
  [SPEAKER_01]: I've I've trolled so many people.
• 57:54
  [SPEAKER_01]: Roger Cadel.
• 57:55
  [SPEAKER_01]: I have a famous Roger Cadel one back in my bar stool days got like I got tens of millions of views.
• 58:02
  [SPEAKER_01]: Unbelievable.
• 58:03
  [SPEAKER_01]: It's some of my best work.
• 58:04
  [SPEAKER_01]: Oh, my best true.
• 58:05
  [SPEAKER_01]: You want to talk about troll?
• 58:07
  [SPEAKER_03]: I was a troll.
• 58:12
  [SPEAKER_01]: Bro, those were the days, man.
• 58:14
  [SPEAKER_01]: Those were the days just making memes during COVID and going after.
• 58:20
  [SPEAKER_01]: Like a true meme war and then I I got too hot off the jump of my first going to one meme And it's the the other richest guy in the world doesn't like us anymore Let's see Thanks guys CC if we're up and up with some comments here.
• 58:34
  [SPEAKER_01]: Thanks guys had it in the bag Let go off and you hype them hope and pump I don't even that doesn't make sense, but we love you CC I ball did a good idea to purchase stocks really to crypto currencies
• 58:46
  [SPEAKER_01]: Interesting question, obviously, preface it with, we're not financial advisors.
• 58:50
  [SPEAKER_01]: We cannot give you eyeball financial personal financial advice.
• 58:53
  [SPEAKER_01]: So an education in nature, what do we think about stocks tied to, you know, crypto currencies, you know, you got your micro strategies.
• 59:02
  [SPEAKER_01]: Of course, you've got your bitminds with your cover tied to ETH.
• 59:06
  [SPEAKER_01]: There's a Tao X, which is tied to Tao.
• 59:10
  [SPEAKER_01]: There's plenty out there.
• 59:11
  [SPEAKER_01]: I don't know.
• 59:12
  [SPEAKER_01]: It depends on what your goals are.
• 59:14
  [SPEAKER_01]: Um, and the research and educations.
• 59:16
  [SPEAKER_01]: I'll go first to your Brian.
• 59:17
  [SPEAKER_01]: I think like, um, I think like a tau x, uh, you know, and I don't know the total research, but it's just like trying to track tau.
• 59:26
  [SPEAKER_01]: It's like, okay.
• 59:26
  [SPEAKER_01]: So what is tau x is trying to track tau where it's like a bit mine has this.
• 59:31
  [SPEAKER_01]: plan to say, hey, when we think, you know, Ethereum's undervalued, we're going to try and buy 5% and then they just came out this week and said, hey, when our M nav, which is the value of the shares versus assets held is under when our M nav's negative, we're going to try and buy back shares.
• 59:46
  [SPEAKER_01]: So it's like we're not just going to ape into Ethereum, we have a strategy.
• 59:49
  [SPEAKER_01]: on what we're going to do and involve staking and that's a revenue stream and then what are we going to do with those revenues we're going to have moon shots they invested in orbs they invested in mr. beast so it's like that type of thing i think is more uh i get well i'm bias full disclosure uh bit mine guy here uh
• 1:00:05
  [SPEAKER_01]: So talking my own bag, but like I appreciate the kind of the vision of it.
• 1:00:11
  [SPEAKER_01]: It's like, yeah, I might, you know, it's like a risk, you know, risk on.
• 1:00:14
  [SPEAKER_01]: It's yeah, I'm going to sprinkle on this and see how it does being such a new product, but they laid out what they're doing.
• 1:00:20
  [SPEAKER_01]: with their Ethereum plan, whereas just a stock that's just tied to kind of the price of the asset, like you're kind of locking yourself in because stocks don't trade 24 or seven, right?
• 1:00:32
  [SPEAKER_01]: So if something's going on on a weekend, for Tau, for example, last night, great example, TauX.
• 1:00:37
  [SPEAKER_01]: So if you're in TauX and last night, it's drop in 20, 25% off a cliff.
• 1:00:42
  [SPEAKER_01]: It's eight o'clock, you can't do anything.
• 1:00:43
  [SPEAKER_01]: You got to wait until 12 hours until the market opens.
• 1:00:47
  [SPEAKER_01]: So that's kind of my,
• 1:00:49
  [SPEAKER_01]: take on it, what do you think Brian, a general sensor, specific example, sense, what do you think?
• 1:00:55
  [SPEAKER_03]: Yeah, I mean, there was just such a hype market or bubble in those crypto stocks, you know, a few months back and we were all absolutely loving it when BM and R was printing Robin hoods up 130 up to 130 dollars.
• 1:01:07
  [SPEAKER_03]: It was it was electric times.
• 1:01:09
  [SPEAKER_03]: I do have some exposure to some of the crypto stocks, but they're the same as you.
• 1:01:13
  [SPEAKER_03]: It's like the bitmines and I have some hood.
• 1:01:17
  [SPEAKER_03]: I like I like hood kind of what they're building, but I don't know if that's
• 1:01:21
  [SPEAKER_03]: I get caught up because I just love on-chain trading, I like trading on the weekends.
• 1:01:28
  [SPEAKER_03]: I like that idea.
• 1:01:29
  [SPEAKER_03]: I follow the crypto market a lot closer, but they're good proxy bets.
• 1:01:33
  [SPEAKER_03]: I believe that the crypto market's going to continue to grow.
• 1:01:37
  [SPEAKER_03]: So I obviously believe that Robin Hood, who is very vested into a lot of these cryptos in the infrastructure of it, could do very well and then bit mine.
• 1:01:45
  [SPEAKER_03]: So I think people have to do a little bit of their own due diligence on this cryptos, cryptos socks, not financial advice, but I do own some, and probably I have to look to see if I want to add a little bit to it.
• 1:01:57
  [SPEAKER_03]: I don't hate it.
• 1:01:59
  [SPEAKER_01]: Yeah, it's a great question.
• 1:02:01
  [SPEAKER_01]: It's always fun to revisit because it's such a new that that, you know, area of crypto and that cross pollination with Wall Street is so new.
• 1:02:10
  [SPEAKER_01]: Obviously, Mike or strategy has been around for a while, but there's been so many more new ones.
• 1:02:14
  [SPEAKER_01]: It's a fun space to keep up with, which we try to do our best here and wrapping up.
• 1:02:19
  [SPEAKER_01]: Master's Weekend.
• 1:02:20
  [SPEAKER_01]: We said at the top of the show, I'm having fun.
• 1:02:22
  [SPEAKER_01]: We've had people really locked in.
• 1:02:23
  [SPEAKER_01]: The chat's been pretty active today, considering a friend of the show, Mike Collins didn't get the email out, but we love Mike anyway.
• 1:02:32
  [SPEAKER_01]: I wanted to bring up the Master's odds here.
• 1:02:36
  [SPEAKER_01]: And then you can walk us through.
• 1:02:38
  [SPEAKER_01]: You said you like where you sit.
• 1:02:39
  [SPEAKER_01]: Does that mean you have Rory?
• 1:02:41
  [SPEAKER_01]: Is your sprinkle on Rory for a back to back?
• 1:02:43
  [SPEAKER_01]: What do you see here?
• 1:02:45
  [SPEAKER_03]: Yeah, I'm a little bit on Rory.
• 1:02:47
  [SPEAKER_03]: I got some like top 20 picks like Patrick Reed.
• 1:02:51
  [SPEAKER_03]: I hammered.
• 1:02:51
  [SPEAKER_03]: Don't like him as a person, but he's sitting at tide for third right now and looks like he's one under three.
• 1:02:59
  [SPEAKER_03]: He's like the most hated guy I think on the PGA tour.
• 1:03:02
  [SPEAKER_03]: And I, you know, can't say I like him tons of the person, but I like Patrick Reed.
• 1:03:07
  [SPEAKER_03]: I like myself some Rory.
• 1:03:09
  [SPEAKER_03]: I have some Justin Rose, one of the classiest guys in golf.
• 1:03:13
  [SPEAKER_03]: He's sitting in T3 right now.
• 1:03:16
  [SPEAKER_03]: I'm actually going through to see some of the, I mean, I was on fire making.
• 1:03:19
  [SPEAKER_03]: I got a little Jordan Speath.
• 1:03:22
  [SPEAKER_03]: I got a lot of Jason Day.
• 1:03:23
  [SPEAKER_03]: I got a little Jason Day exposure.
• 1:03:25
  [SPEAKER_03]: He's T7 right now.
• 1:03:28
  [SPEAKER_01]: Um, and what else open in the last one, 75% Brooks at 80, who else did you say Jason Day at 7 days, 70.
• 1:03:37
  [SPEAKER_03]: I mean, I got some live live bets going into the weekend and a lot of them are out where winners top five, top 10s.
• 1:03:46
  [SPEAKER_03]: Uh, I love the scope.
• 1:03:48
  [SPEAKER_01]: I think it's a great top top 20s.
• 1:03:50
  [SPEAKER_01]: Your top 20s are looking good.
• 1:03:51
  [SPEAKER_01]: That's great.
• 1:03:52
  [SPEAKER_01]: Uh, let's go to the, let's go to the winner.
• 1:03:54
  [SPEAKER_01]: Who do you, who do you sprinkle?
• 1:03:57
  [SPEAKER_03]: I speak with all those guys as a room and all those guys are just all over man.
• 1:04:02
  [SPEAKER_01]: It's hard to keep track with you.
• 1:04:04
  [SPEAKER_01]: All right, give us three.
• 1:04:05
  [SPEAKER_01]: Let's we're going to we're going to we're going to you.
• 1:04:06
  [SPEAKER_01]: We're going to you.
• 1:04:06
  [SPEAKER_01]: It's going to pick three and then we can revisit it next week.
• 1:04:11
  [SPEAKER_03]: Okay, okay, I like that.
• 1:04:14
  [SPEAKER_03]: Man, it's tough not to pick Rory.
• 1:04:15
  [SPEAKER_03]: But I'm gonna go a little contrary.
• 1:04:17
  [SPEAKER_03]: I'm gonna, I mean, nobody's ever won the master's back to back, but that guy's absolutely electric.
• 1:04:22
  [SPEAKER_03]: But I'm fading Rory, even though if he caches it, I'm happy.
• 1:04:26
  [SPEAKER_03]: I'm going Justin Rose, Patrick Reed, Justin Rose, Patrick Reed, few hundred dogs here, in Jason Day.
• 1:04:34
  [SPEAKER_03]: Let's go those three.
• 1:04:35
  [SPEAKER_01]: Okay, Jason Day, all right.
• 1:04:36
  [SPEAKER_01]: This is just me pulling it, pulling it out of the hatch.
• 1:04:40
  [SPEAKER_01]: I'm going to go I'm going to go the comeback or in the PGA for Brooks Capko so we're going to take Brooks he looks good I might pull up the master's leaderboard here
• 1:04:51
  [SPEAKER_01]: Master's leader board.
• 1:04:52
  [SPEAKER_01]: I saw Brooks tied 7th.
• 1:04:55
  [SPEAKER_01]: So I feel like you want to pick somebody that's in the top five here.
• 1:04:59
  [SPEAKER_01]: You have read.
• 1:05:01
  [SPEAKER_01]: Who?
• 1:05:01
  [SPEAKER_03]: You can go the same one.
• 1:05:02
  [SPEAKER_03]: I mean, Apache grade is the most hated guy on the PGA.
• 1:05:05
  [SPEAKER_01]: I don't want to, I don't want to, I don't want to root for Patrick Reed.
• 1:05:08
  [SPEAKER_01]: I don't want to root for you guys.
• 1:05:10
  [SPEAKER_01]: He's the worst man.
• 1:05:11
  [SPEAKER_03]: It's tough.
• 1:05:12
  [SPEAKER_01]: I mean, I think, yeah, you got to throw Scotty Sheffler because he just turns it on when he wants, right?
• 1:05:16
  [SPEAKER_01]: So I'll go Scotty.
• 1:05:18
  [SPEAKER_03]: You got to Scotty Scotty.
• 1:05:20
  [SPEAKER_01]: Yeah, I mean, that's great to get him at those odds right now, right?
• 1:05:24
  [SPEAKER_01]: What is he did you see him?
• 1:05:25
  [SPEAKER_01]: Yes.
• 1:05:26
  [SPEAKER_01]: Yes.
• 1:05:27
  [SPEAKER_03]: He's right on the odds up there.
• 1:05:29
  [SPEAKER_01]: He's right on the board.
• 1:05:30
  [SPEAKER_01]: Oh, yeah, I guess there's not, I mean, too much value there.
• 1:05:34
  [SPEAKER_01]: Zander, patch, I guess.
• 1:05:36
  [SPEAKER_01]: Yeah.
• 1:05:37
  [SPEAKER_01]: It just feels like maybe I should fix the board.
• 1:05:40
  [SPEAKER_03]: Tommy Fleetwood, maybe where's he on the leader board?
• 1:05:43
  [SPEAKER_03]: I didn't bet him.
• 1:05:44
  [SPEAKER_03]: I actually meant to bet Tommy Fleetwood and didn't because I just like his accent.
• 1:05:48
  [SPEAKER_01]: He's minus one.
• 1:05:50
  [SPEAKER_01]: Hmm.
• 1:05:51
  [SPEAKER_01]: He's getting a little down there.
• 1:05:52
  [SPEAKER_01]: Uh, let's just go.
• 1:05:55
  [SPEAKER_01]: Zander softly, I guess.
• 1:05:57
  [SPEAKER_01]: It'll go zander.
• 1:05:59
  [SPEAKER_01]: Walk me in.
• 1:06:01
  [SPEAKER_03]: Yeah, I love it.
• 1:06:03
  [SPEAKER_03]: I love it.
• 1:06:04
  [SPEAKER_03]: Yeah, I think there's a three three really good batsman.
• 1:06:07
  [SPEAKER_03]: It's a six really good picks.
• 1:06:08
  [SPEAKER_03]: And uh,
• 1:06:10
  [SPEAKER_03]: Let's see how it happens.
• 1:06:11
  [SPEAKER_03]: I mean, Patty Reed, people with dislike, I'm so much.
• 1:06:15
  [SPEAKER_03]: Holy, well, it goes, love a good villain, love a good villain, go read.
• 1:06:20
  [SPEAKER_03]: I mean, it's true, you need a villain in anything.
• 1:06:22
  [SPEAKER_03]: You know, you need somebody to root against, but when you're on the, the only reason I pick Patrick Reed is to get such low love from the betting market because everyone dislikes him.
• 1:06:31
  [SPEAKER_03]: Right.
• 1:06:31
  [SPEAKER_03]: Because he was accused of cheating at Georgia and he's kind of a,
• 1:06:35
  [SPEAKER_03]: They don't want to say it because we make a flag on the PGA tour and then he went to live and he doesn't.
• 1:06:40
  [SPEAKER_03]: I mean he's just very, very punchable face.
• 1:06:44
  [SPEAKER_03]: You know, Patrick Reed, but his odds were just too good.
• 1:06:47
  [SPEAKER_03]: And he's won the masters.
• 1:06:49
  [SPEAKER_03]: This tournament at Augusta is, it's, it's the cream rise to the top, you need to be a repeat top finisher to typically win these things.
• 1:07:00
  [SPEAKER_03]: There's outliers here and they're like Danny Willitz, but Jordan Speath basically gave it to him that year.
• 1:07:05
  [SPEAKER_03]: But I like all the picks we have.
• 1:07:07
  [SPEAKER_03]: I think one of those six definitely go down.
• 1:07:10
  [SPEAKER_03]: I might sprinkle a little bit more on yours, just to have a little bit of vested interest.
• 1:07:14
  [SPEAKER_01]: I love it.
• 1:07:15
  [SPEAKER_01]: That's a good friend when he wants to ride your bets.
• 1:07:18
  [SPEAKER_01]: I hate to end a show with our peak concurrent viewers.
• 1:07:20
  [SPEAKER_01]: The show is as popular as it's ever been in an hour and eight minutes in, but we ran out of topics so we're gonna have to leave everybody there.
• 1:07:29
  [SPEAKER_01]: We'll be back next week and let us know if you like the wrap-up show with the betting markets.
• 1:07:35
  [SPEAKER_01]: Obviously Brian and I love sports.
• 1:07:36
  [SPEAKER_01]: We might lean towards that more often than not, but we can try and find some fun ways to do it more often
• 1:07:43
  [SPEAKER_01]: We really, really appreciate everybody tuning in on the live.
• 1:07:46
  [SPEAKER_01]: Thank you so much.
• 1:07:47
  [SPEAKER_01]: I hope you guys have a great weekend, but that's all for now.
• 1:07:50
  [SPEAKER_01]: Bye, everybody.