Latest / CRYPTO 101 / Crypto Rundown: Institutions Still Building Crypto, Mr Beast Buys a Bank, Coinbase Super Bowl Ad Recap

Transcript

Crypto Rundown: Institutions Still Building Crypto, Mr Beast Buys a Bank, Coinbase Super Bowl Ad Recap · CRYPTO 101

• 0:07
  [SPEAKER_00]: Oh, all right, everybody, welcome back to the crypto 101 podcast presented by Gemini your bridge to the future of money.
• 0:15
  [SPEAKER_00]: It is a rundown on a Wednesday and it is action packed.
• 0:19
  [SPEAKER_00]: We've got a lot of bullish sentiment.
• 0:21
  [SPEAKER_00]: The institutions are revealing their crypto holdings.
• 0:24
  [SPEAKER_00]: You're going to want to see that.
• 0:26
  [SPEAKER_00]: There's a clarity act update.
• 0:27
  [SPEAKER_00]: We actually have altcoin news.
• 0:29
  [SPEAKER_00]: Some altcoins are buzzing.
• 0:30
  [SPEAKER_00]: They're making some noise.
• 0:32
  [SPEAKER_00]: We'll let you know about that.
• 0:33
  [SPEAKER_00]: kind of our main platter of discussion.
• 0:35
  [SPEAKER_00]: There's a couple of your folks.
• 0:36
  [SPEAKER_00]: I think we're going to go long.
• 0:38
  [SPEAKER_00]: The, uh, we got, we got a Mr. B stop date.
• 0:40
  [SPEAKER_00]: We've got a Mr. B stop date.
• 0:41
  [SPEAKER_00]: We've got a Mr. B stop date.
• 0:42
  [SPEAKER_00]: It's like a YouTube title.
• 0:43
  [SPEAKER_00]: Mr. B.
• 0:44
  [SPEAKER_00]: It's like, let's buy a bank would be the title of this YouTube video.
• 0:47
  [SPEAKER_00]: Mr. B's buys a bank.
• 0:49
  [SPEAKER_00]: We talked about it a couple of weeks ago and said, hey, Mr. B's bit mine, Mr. B's teeth, Mr.
• 0:53
  [SPEAKER_00]: Beast.
• 0:54
  [SPEAKER_00]: Mr.
• 0:54
  [SPEAKER_00]: Beast, like, literally.
• 0:56
  [SPEAKER_00]: Again, if you're somebody that's not into YouTube, Mr.
• 0:58
  [SPEAKER_00]: Beast has,
• 1:01
  [SPEAKER_00]: a platform that you could say has maybe the most eyeballs on the planet and he's kind of starting to diversify his portfolio to say the least so that's going to be a great conversation.
• 1:12
  [SPEAKER_00]: I'm super excited about that.
• 1:13
  [SPEAKER_00]: We have Brian with us so you know we're going to be touching on some meme coins.
• 1:16
  [SPEAKER_00]: We have a huge Puggy penguins update that looks really fun and then we're going to cover some super bowl stuff at the end.
• 1:22
  [SPEAKER_00]: uh... that actually involve the crypto space the prediction markets brion is with us uh... he was the first one on our team to literally call a prediction market super cycle he could not have been more right uh... and then there was a little drama over the coin base ad so i'd like to break that down as a creative director myself
• 1:38
  [SPEAKER_00]: it's going to be a super fun episode.
• 1:39
  [SPEAKER_00]: We are live on YouTube.
• 1:41
  [SPEAKER_00]: There's a ton of us in here.
• 1:43
  [SPEAKER_00]: We've got fits.
• 1:44
  [SPEAKER_00]: I know Grant's going to be showing up.
• 1:46
  [SPEAKER_00]: Maybe Camo.
• 1:47
  [SPEAKER_00]: If you're with us, let us know where you're coming in from.
• 1:50
  [SPEAKER_00]: Give us a like.
• 1:51
  [SPEAKER_00]: And if you're new in the bottom right, hit the subscribe.
• 1:53
  [SPEAKER_00]: We really appreciate everybody being here.
• 1:56
  [SPEAKER_00]: But Brian, welcome.
• 1:58
  [SPEAKER_00]: How are you feeling this Wednesday?
• 1:59
  [SPEAKER_00]: And you know, welcome back to the show.
• 2:02
  [SPEAKER_01]: Amen.
• 2:03
  [SPEAKER_01]: Thanks for having me.
• 2:04
  [SPEAKER_01]: The lights still on.
• 2:05
  [SPEAKER_01]: I love to say it, especially when we're seeing a little bit of a red market.
• 2:09
  [SPEAKER_01]: But, you know, it's gross out there in the streets.
• 2:13
  [SPEAKER_01]: And I get that for everybody because we're financially involved in crypto.
• 2:17
  [SPEAKER_01]: You and I work in the crypto industry.
• 2:20
  [SPEAKER_01]: So obviously, if you even just, I enjoy talking crypto just on a social level.
• 2:27
  [SPEAKER_01]: And if I bring it up to anybody now, they kind of, I'd roll their eyes to me.
• 2:31
  [SPEAKER_01]: But I'm still
• 2:33
  [SPEAKER_01]: I'm still quite bullish man.
• 2:35
  [SPEAKER_01]: I get everyone's takes in everyone's like kind of scratching the heads why the place is going down Okay, we'll go dive into it and kind of try to make some sense.
• 2:43
  [SPEAKER_01]: I think the team did a great job on Friday with that rundown breaking down exactly what's going on
• 2:49
  [SPEAKER_01]: But we're going to stay in this range for a while.
• 2:52
  [SPEAKER_01]: This 60,000 to $72,000 Bitcoin.
• 2:56
  [SPEAKER_01]: I'm having a hard time coming up with a lot of catalysts in the very near future to get us above that $80,000 mark and then off to the race at all time highs.
• 3:07
  [SPEAKER_01]: There's certainly paths.
• 3:08
  [SPEAKER_01]: I think Bitcoin and the major cryptos are all going over all time highs, but we might have to put a big boy pants on for a little bit and just, you know, dollar cost average in and just look for some really great opportunities, which there's still some awesome opportunities in the space.
• 3:25
  [SPEAKER_01]: But I get it.
• 3:26
  [SPEAKER_01]: A lot of people are, you know, a little uneasy because we got washed out a little bit, but things are going to be okay.
• 3:32
  [SPEAKER_01]: I can assure every thing they're going to be okay.
• 3:36
  [SPEAKER_00]: yeah, we talked about it on Friday with the entire team was actually great episode if you didn't catch it, um, you know, if you want the entire analyst team that's a great episode to go back and listen to, but uh, yeah, it mean you kind of brought up the sense of an indicator of like, hey, when it was all time highs, everybody's asking it should we should I buy.
• 3:52
  [SPEAKER_00]: And now we're kind of getting bullied and they're coming out of nowhere.
• 3:55
  [SPEAKER_00]: And I think we're going to talk about this at the end of the show.
• 3:57
  [SPEAKER_00]: But the Coinbase ad was a great sentiment indicator because there's all these clips.
• 4:01
  [SPEAKER_00]: It was like karaoke thing everybody didn't know what the ad was.
• 4:04
  [SPEAKER_00]: And then it shows Coinbase and everybody was flipping off the TV.
• 4:07
  [SPEAKER_00]: We'll cover that at the end.
• 4:09
  [SPEAKER_00]: But yes, there's some price action here.
• 4:10
  [SPEAKER_00]: You see it up on the board.
• 4:11
  [SPEAKER_00]: We covered it with Brendan and the charts.
• 4:12
  [SPEAKER_00]: I'm going to have Brendan back on Friday.
• 4:15
  [SPEAKER_00]: to look at the charts once again, but yeah, it's a lot of red out there, and I personally we talked about this again in the show in more in depth, but I personally was the first one to bring up on the airwaves of this software thesis of, hey, we got tied up in software, the software, uh, bears came out in full force, and it's this AI trade is at this point, nobody truly knows how much AI is going to disrupt our lives, not just investing, but just
• 4:43
  [SPEAKER_00]: And I'm not smart enough to know the answer to that, and I think a lot of investors aren't smart enough either.
• 4:50
  [SPEAKER_00]: And the software stocks have had amazing rises over the last three, four, five years, and everybody's starting to ring the register.
• 4:56
  [SPEAKER_00]: And it's like, I'm not going to wait around to see if this software is going to get overtaken by AI.
• 5:02
  [SPEAKER_00]: And then I think Bitcoin got tied up in that, I really do.
• 5:05
  [SPEAKER_00]: And I think that thesis is being confirmed because now this week,
• 5:10
  [SPEAKER_00]: Um, again, outside of crypto and the traditional markets, the, um, the brokerages are getting attacked, robin hoods getting attacked, uh, Charles Schwab, uh, Goldman Sachs.
• 5:20
  [SPEAKER_00]: There's a lot of these brokerages that this week seemed to be the target.
• 5:23
  [SPEAKER_00]: It almost seems Brian like a systematic checklist of, hey, what could be affected by AI?
• 5:29
  [SPEAKER_00]: And, and it's getting kind of a check by the markets to be like, hey, we're going to, we're going to gut check this.
• 5:34
  [SPEAKER_00]: We're going to gut check this.
• 5:35
  [SPEAKER_00]: And so there, there is a, uh,
• 5:37
  [SPEAKER_00]: It sucks when the, you know, the S&P and the Dow is making all time highs, but you've got to really dive in and see, okay, well, what stocks are leading that and it's stocks like Coca-Cola.
• 5:48
  [SPEAKER_00]: It's, you know, because they have a dividend and it's just, you know, you know what Coca-Cola it is, but.
• 5:53
  [SPEAKER_00]: Wise Coca-Cola is, you know, you know, priced earnings ratio has been the same, slight growth, but yet the stocks are operating 20%.
• 6:00
  [SPEAKER_00]: This money is trying to find a place to live, and you see it in those kind of staples, dividends having a great year, oil, energy.
• 6:09
  [SPEAKER_00]: So the money, the money is going elsewhere, and you can play the game of Monday morning quarterback and try and chase those or trade those.
• 6:16
  [SPEAKER_00]: But I think our team, and again, we're not personal financial advisors.
• 6:21
  [SPEAKER_00]: You know, we're just a couple of guys talking crypto here, but when when you kind of see the money flow out of your space going back to the last bear market, you know, that's where the opportunities are and so you got to, you know, playing your trade and trade your plan is our fearless leader, Bryce says, but I thought an interesting thing was the fear and greed index.
• 6:38
  [SPEAKER_00]: I mean, we are getting we're getting low here coin market cap has a nine.
• 6:42
  [SPEAKER_00]: I saw this tweet, it was it was at a five.
• 6:46
  [SPEAKER_00]: uh, recently, which is the, uh, it's, it's the highest fear level in history.
• 6:52
  [SPEAKER_00]: So I, I, I, I stand by kind of what I said when we were at a hundred at one point.
• 6:57
  [SPEAKER_00]: It was like a hundred and three and we were in fear.
• 7:00
  [SPEAKER_00]: And I was like, man, that's, that's, that's a cool milestone to have, you know, Bitcoin above 100 can were in fear.
• 7:07
  [SPEAKER_00]: And so again, we're the highest fear level ever for these readings and again, we're at, you know, the all-time highs per se of the last cycle.
• 7:17
  [SPEAKER_00]: So any any takes there, not Brian?
• 7:21
  [SPEAKER_01]: I mean, I think you nailed it with the tech in the AI sector issues that's certainly drawn some liquidity and some attention away from the market, it's in this whole software trade.
• 7:29
  [SPEAKER_01]: We have residual effects from 10, 10.
• 7:32
  [SPEAKER_01]: We got geopolitical issues, we got some regulatory stalls with the Clarity Act and Market structure bill, volatility and traditional assets, and then we had the new Fed chair.
• 7:42
  [SPEAKER_01]: Those are, that's kind of mapping out why, why we're, why we're taking a dip.
• 7:46
  [SPEAKER_01]: and why we're what you would call a bear market right now or you know in a very heavy correction place.
• 7:54
  [SPEAKER_01]: Let me tell you this much though.
• 7:56
  [SPEAKER_01]: This is the weakest bear market case I've ever seen.
• 8:00
  [SPEAKER_01]: You know the past bear markets with like FTX
• 8:03
  [SPEAKER_01]: blowing up and just if you go down the line, there's some major catalysts there.
• 8:08
  [SPEAKER_01]: I think that's why this one's so confusing because we just got like a bunch of like little things that pushed us into the bear market, but that doesn't change it.
• 8:17
  [SPEAKER_01]: That we are in correction phase that we've dropped to into the sixties when we were all time high of $126,000 and shout out to epicenter LLC in the chat right now calling, I love shopping for fire sales.
• 8:31
  [SPEAKER_01]: I mean, that guy should get a cup of coffee or beer sometime because this is when I thrive, man, I've talked about this in the past, I'm just I just don't get shaking out of my position that easily unless there's like a real reason and there's a bunch of little reasons and a bunch of connected dots, but
• 8:49
  [SPEAKER_01]: still things feel fundamentally really strong and okay to me, but the prices don't look so good.
• 8:55
  [SPEAKER_01]: So whenever that happens, it screams opportunity to me.
• 8:58
  [SPEAKER_01]: And that's not me saying like, oh, boy, you're dry powder at the range right now because we could get some other negative news out there.
• 9:04
  [SPEAKER_01]: We could have an issue with Iran.
• 9:07
  [SPEAKER_01]: There's there's could be some news out there.
• 9:08
  [SPEAKER_01]: Geopolitical issues or big news or market manipulation, which I have the tin foil over here.
• 9:14
  [SPEAKER_01]: I'm not going to bust it out, but you know, I've gone down the tin foil.
• 9:19
  [SPEAKER_01]: I think this could be a little bit of a set up, but that's another time another place that's by when we're having beers and I can really spout off, but my thesis for the reason that I love crypto and love everything about crypto and blockchain and where we're going is staged on stay the same.
• 9:36
  [SPEAKER_01]: Bitcoin's on sale some more favorite crypto assets are on sale and I'm excited from the future but we're gonna weather a storm everyone like put your snow boots on you know put the park on because it could be it could be cold and dark for a few more weeks a couple more months we could chop around 60 to 72 range but that's that's okay like again I get people feeling uncomfortable about it but that is okay that's why we're in crypto for this volatility for this
• 10:05
  [SPEAKER_01]: This isn't like any advice to anybody in the chat or watching, but I told some good friends that aren't huge into crypto.
• 10:12
  [SPEAKER_01]: They didn't have as many like, they weren't like running on the past bull runs and they texted me over the weekend like, is this, is this the time to like start buying some crypto or what's your thoughts on crypto?
• 10:23
  [SPEAKER_01]: And I literally go, it's Jenny wealth opportunity.
• 10:26
  [SPEAKER_01]: You're welcome.
• 10:27
  [SPEAKER_01]: Bitcoin lets you in again.
• 10:29
  [SPEAKER_01]: You, you, it lets you get an opportunity.
• 10:32
  [SPEAKER_01]: Again, not to say like we're leveraging longs or thrown our money into it right now, but there's some opportunity, it's why you have to tune into the rundown.
• 10:40
  [SPEAKER_01]: So what's why you have to follow, Teva on the boys, because I feel like we got a good beat on this, but it's going to be ugly for a little while, but we thrive here.
• 10:51
  [SPEAKER_00]: Um, two things.
• 10:53
  [SPEAKER_00]: One, uh, I have a video of, uh, again, just, this is off the top of my head.
• 10:58
  [SPEAKER_00]: I saw a video of Gary Vee talking about pump to get another chance of these levels.
• 11:02
  [SPEAKER_00]: Let's listen to Gary.
• 11:03
  [SPEAKER_06]: I don't know a bit point.
• 11:04
  [SPEAKER_06]: We talk about this right now.
• 11:05
  [SPEAKER_06]: Tom, Tom, Tom, Tom, Tom, Tom, Tom.
• 11:07
  [SPEAKER_06]: Why just by, Tom?
• 11:08
  [SPEAKER_06]: Okay.
• 11:09
  [SPEAKER_06]: I didn't think I was going to get another FAT like this.
• 11:11
  [SPEAKER_05]: Can I tell you the last time when it was like, I said, we'll pick up another and we're thinking about like the little bombide.
• 11:18
  [SPEAKER_05]: Yeah.
• 11:19
  [SPEAKER_06]: But by the way, by the way, everyone who's listening not financial advice, I've worked 40 years to be able to afford to take the risk.
• 11:25
  [SPEAKER_06]: I don't see it as that much of a risk anymore.
• 11:27
  [SPEAKER_06]: I think the world will only get more tech oriented, not less.
• 11:31
  [SPEAKER_06]: I think that the cynicism against, you know, governments and dollars will continue to grow.
• 11:36
  [SPEAKER_06]: I'm shocked.
• 11:38
  [SPEAKER_06]: We get another bite of the apple at this level.
• 11:40
  [SPEAKER_06]: I never thought I would buy it under 70.
• 11:43
  [SPEAKER_06]: So I'm grateful for that.
• 11:44
  [SPEAKER_06]: So I'm buying a little something but by the way, could it go to Ford?
• 11:47
  [SPEAKER_06]: It could.
• 11:47
  [SPEAKER_06]: It could.
• 11:48
  [SPEAKER_06]: And so.
• 11:50
  [SPEAKER_00]: No, Gary, basically sound like you put him on the run now and he's even got the disclaimers down to his knees, not a financial advisor, but again, this is what we're hearing from people, you know, again, more and more of an NFT guy of anything, huge with a V friends.
• 12:05
  [SPEAKER_00]: I know Joe is into that.
• 12:07
  [SPEAKER_00]: Um, but that that's just this is what we're hearing and it's not just, you know, influencers in the space and KOLs, the institutions are talking to.
• 12:16
  [SPEAKER_00]: I pulled a clip here.
• 12:17
  [SPEAKER_00]: We can listen next is Charles Schwab kind of, you know, talking about the downturn here.
• 12:22
  [SPEAKER_00]: So let's let's take a look at that and we can react on the back end.
• 12:28
  [SPEAKER_09]: dumped into other shiny objects, AI, gold, silver, all sorts of different ways to try to catch momentum.
• 12:35
  [SPEAKER_09]: And that inventory buying just has not come back for retail speculation.
• 12:39
  [SPEAKER_09]: And so you've seen a plummet in price and just perpetual selling of these assets.
• 12:45
  [SPEAKER_09]: You know, specifically over the last 24 hours, what we saw is
• 12:49
  [SPEAKER_09]: Just momentum, liquidations and a total blowout in the price of Bitcoin.
• 12:55
  [SPEAKER_09]: From our view, we saw implied volatility reach over 90 yesterday, we saw funding rates go deeply negative and we saw almost all the long positions get liquidated.
• 13:05
  [SPEAKER_09]: So we think at least in terms of a local bottom, we've touched it and for us that's a great time to self-puts or get a little bit longer on behalf of our institutional clients and that's exactly what we did.
• 13:17
  [SPEAKER_09]: I would say also the last pressure is, you know, woman largest Bitcoin back lenders in the world and there's a lot of these Bitcoin back loans and what happens is when the price of Bitcoin goes down, they clients need to send in more Bitcoin for us institutional clients are clients of tens of thousands of Bitcoin they can meet the margin calls, but there's another retail layer.
• 13:36
  [SPEAKER_09]: these loans that often do get liquidated so you can get this cascading set of loan liquidations, which requires more Bitcoin selling and there's probably a degree of that for some lenders yesterday, but I would say all in all, it's been a healthy recovery today.
• 13:52
  [SPEAKER_00]: So that was from last week.
• 13:54
  [SPEAKER_00]: I actually do agree with that because I was getting just as kind of the journalist aspect of this job was I was getting really excited about all the different lending You know taking loans off your Bitcoin was kind of getting more mainstream and there were a lot more options for it than even you know say a year ago and so I think that
• 14:11
  [SPEAKER_00]: you know, 100, 120 mark.
• 14:13
  [SPEAKER_00]: People are getting a little excited.
• 14:14
  [SPEAKER_00]: Like, oh, well, it's not to, you know, it's not going to go down to 60, 70 again.
• 14:18
  [SPEAKER_00]: So I get, you know, they're trying to do the math in their head.
• 14:20
  [SPEAKER_00]: Like, all right, it could go back to 100.
• 14:21
  [SPEAKER_00]: But like, if I take a loan out the 80, 100 ranges of the buffer, and I think, you know, again, the retail side of it.
• 14:28
  [SPEAKER_00]: Like, he said, probably getting caught up in that.
• 14:31
  [SPEAKER_00]: And another thing, just kind of, you laid out a great kind of a, you know, be ready to, to, to, to, to, to, to, to, to,
• 14:37
  [SPEAKER_00]: You know, last over the next couple weeks on the last show.
• 14:41
  [SPEAKER_00]: We did the duck analogy.
• 14:42
  [SPEAKER_00]: That was a fun one.
• 14:43
  [SPEAKER_00]: Where's your warm water?
• 14:44
  [SPEAKER_00]: But I do want to say credit to the pod and that's why we have our our technical analysis guru Brendan is I got to be honest like Brendan over the last six weeks has been coming on and doing the charts.
• 14:54
  [SPEAKER_00]: And if anybody tells you they know exactly where it's going to go, they're lying to you, but Brendan on the charts for the last six, six weeks plus has just been like, hey, I don't like these levels here.
• 15:04
  [SPEAKER_00]: I'm feeling like this could be a level of support that might not hold.
• 15:08
  [SPEAKER_00]: And again, he didn't guarantee anything up or down, but he was definitely leaning towards the downward trend.
• 15:14
  [SPEAKER_00]: So I do want to give him his flowers and we'll have him back on again on Friday to see where we are now.
• 15:20
  [SPEAKER_00]: Um, but I think that's the important part is like, hey, the news flow like I'm about to bring up this next thing.
• 15:25
  [SPEAKER_00]: The news flow is still positive and the price action isn't there and we've been in this for a while now and it gets tiring.
• 15:30
  [SPEAKER_00]: But I do think that we have an awesome community, awesome YouTube, awesome podcast community, and then awesome, obviously, crimson community.
• 15:37
  [SPEAKER_00]: So, you know, if this is something that you believe in, you know, you are in the right place and we appreciate everybody tuning in.
• 15:44
  [SPEAKER_00]: but it's not it's not just us in Gary V that that are excited about it.
• 15:48
  [SPEAKER_00]: I mean Goldman Sachs just disclosed their holdings 2.3 billion dollars worth of crypto on their balance sheet and so I'll bring this up.
• 15:58
  [SPEAKER_00]: It's kind of picking, you know, you could say Goldman Sachs picking some winners here.
• 16:02
  [SPEAKER_00]: We got 1 billion of 1.1 billion of Bitcoin, 1 billion of ETH
• 16:06
  [SPEAKER_00]: 153 million XRP and 108 million of soul.
• 16:10
  [SPEAKER_00]: So these positions are growing over the last couple years.
• 16:14
  [SPEAKER_00]: Again, I think the Clarity Act is a green light for all institutions.
• 16:17
  [SPEAKER_00]: But I do think it's just interesting timing of kind of during the turmoil of this of one of the big five financial institutions in the United States and around the world is publishing this information now.
• 16:29
  [SPEAKER_00]: I just thought it was interesting.
• 16:32
  [SPEAKER_01]: Yeah, it's a it's a great call out and I don't know that maybe maybe I'm just so crazy, but I I feel like there's definitely
• 16:43
  [SPEAKER_01]: clear skies ahead.
• 16:45
  [SPEAKER_01]: The Clarity Act is going to be an interesting piece to this puzzle here, because like you said, that's going to give green light to a massive amount of liquidity that will unlock, but there's someone certainly there.
• 16:58
  [SPEAKER_01]: I think the Clarity Act was like an 80% chance of approval, like end of last year, and now it's, you know, probably flipping right around 40 50
• 17:14
  [SPEAKER_00]: Yeah, I'm going to pull up Clarity Act, because it's our next topic, Clarity Act.
• 17:19
  [SPEAKER_00]: Uh, right now, 56% pretty, actually, I think we're at a 50, 50.
• 17:29
  [SPEAKER_01]: I just thought that was interesting, that it was a coin flip.
• 17:33
  [SPEAKER_00]: Yeah, it was 66 last week, but there was a meeting.
• 17:37
  [SPEAKER_00]: So there's a meeting yesterday at the White House.
• 17:40
  [SPEAKER_00]: Productive was a closed door.
• 17:43
  [SPEAKER_00]: There were bank reps, there were crypto reps. Basically, kind of obviously going over the back and forth from the disagreements that were from a couple.
• 17:51
  [SPEAKER_00]: I guess that's almost a month now.
• 17:54
  [SPEAKER_00]: Closed or meeting, it was productive, no deal reach.
• 17:57
  [SPEAKER_00]: So that's an update on the Clarity Act.
• 17:59
  [SPEAKER_00]: Obviously there's gonna be a lot more meetings at that and we'll keep you tuned in.
• 18:02
  [SPEAKER_00]: as we get get the updates going but we got a little chat we got people all over we got London in the house Arizona California we got what Denver we got Tampa Blue we'll shout out to everybody in the chat and again give us a thumbs up and if you're new subscribe on the bottom right hit our logo we appreciate everybody being here
• 18:22
  [SPEAKER_00]: This is this has been and again credit credits us another another credits us and especially inside the community We're going to talk about hyper liquid now and hyper liquid is something that you know the team likes and I think it's
• 18:37
  [SPEAKER_00]: It's something that has been written about in our newsletters.
• 18:40
  [SPEAKER_00]: It's something that has been talked about in the VIP coaching calls for months now.
• 18:44
  [SPEAKER_00]: And it's been one of the best performing assets during this downturn.
• 18:48
  [SPEAKER_00]: And that's the type of stuff that you get in the private community.
• 18:50
  [SPEAKER_00]: So if you're interested in getting the access to that stuff and getting, you know, better breakdowns and more kind of access to the team, uh, the link below there's a, there's a, I think a dollar trial for, uh, go, crypto nation VIP to get access to the newsletters and the coaching calls to go down and check that out.
• 19:06
  [SPEAKER_00]: But let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's, let's,
• 19:23
  [SPEAKER_01]: Yeah, I like hyper-liquid, it's super interesting because it's the leading decentralized perks platform, but they're also building so much, their own chain, there's a lot going on there, but this information's super interesting, they did what 2.6 trillion in volume in 2025 compared to Coinbase's 1.4 trillion.
• 19:43
  [SPEAKER_01]: Now, this is an Apple's Dapples, and I want to clarify that for everyone.
• 19:47
  [SPEAKER_01]: So, Spock comparison compared to Perps, Perps gets a little bit inflated by leverage, but the takeaway is still the same.
• 19:55
  [SPEAKER_01]: That user adoption in on-chain liquidity, HyperLickWidsBilt is extremely legit.
• 20:01
  [SPEAKER_01]: So, their fundamentals are real, their growth is coming from real usage, from real people, and for under whatever it is.
• 20:09
  [SPEAKER_01]: 30 bucks or so, it feels like one of the best performing all coins out there.
• 20:14
  [SPEAKER_01]: They have a very interesting business model.
• 20:16
  [SPEAKER_01]: They use a revenue.
• 20:17
  [SPEAKER_01]: I believe it's 97% to buy 97% of their revenue to buy back and burn the token.
• 20:24
  [SPEAKER_01]: So, they've really innovated in the space.
• 20:27
  [SPEAKER_01]: And Hyperlink with its platform isn't even available to the United States unless you utilize a VPN, I believe.
• 20:32
  [SPEAKER_01]: So a lot of this volume is coming from all over the world.
• 20:36
  [SPEAKER_01]: And a good comparison to it's probably Binance, where it could go.
• 20:40
  [SPEAKER_01]: So there's a lot of growth here in Hyperliquid.
• 20:42
  [SPEAKER_01]: But when we see these like really down bad days, Hyperliquid actually thrive, just because they're collecting fees off people's shortage.
• 20:50
  [SPEAKER_01]: When we see these huge days, people, they're collecting fees off of people longing.
• 20:54
  [SPEAKER_01]: So hyperliquid is an extremely interesting product and I love I love to see that they're doing they're doing well the price did have if anybody looks at the chart we're like 40s and 50s a couple months ago and then we had a pretty big sell-off that's all if there's a lot of token on locks that happen so a lot of people taking profits a lot of people involved.
• 21:13
  [SPEAKER_01]: And personally, it's a token that we've been talking with in our community.
• 21:17
  [SPEAKER_01]: I know the crepination guys have been talking about it.
• 21:19
  [SPEAKER_01]: So everyone's really aligned on where hyper liquid could go, but to just see, and I know this is an apple's to apples, but to just see the trading volumes, numbers here has to kind of open people's eyes to the product.
• 21:34
  [SPEAKER_00]: Yeah, again, I just, I get my research from crypto nation and momentum money makers, and you guys have been on top of this now for for months with a lot of in-depth knowledge about it, so it's been exciting to see it perform especially in the down market.
• 21:50
  [SPEAKER_00]: So again, if you're interested kind of like Brian said his community was in on it as well, that's momentum money makers.
• 21:57
  [SPEAKER_00]: Since we have Brian on, we are doing a $1 trial, check it out in the description as well.
• 22:01
  [SPEAKER_00]: kind of kind of moving on here.
• 22:04
  [SPEAKER_00]: I think we got to give at least some props to our guy Tom Lee, friend of the show.
• 22:12
  [SPEAKER_00]: He had to face the music.
• 22:15
  [SPEAKER_00]: And so we do this.
• 22:16
  [SPEAKER_00]: We are a, you know, equal opportunity podcast.
• 22:20
  [SPEAKER_00]: We give takes some of them.
• 22:23
  [SPEAKER_00]: We crush obviously in some of them.
• 22:25
  [SPEAKER_00]: We miss.
• 22:25
  [SPEAKER_00]: It's just kind of like an everybody, right?
• 22:27
  [SPEAKER_00]: And Tom Lee,
• 22:28
  [SPEAKER_00]: had to officially face the music with this last drawdown.
• 22:32
  [SPEAKER_00]: We cover him, just like we cover the space.
• 22:35
  [SPEAKER_00]: He's one of the faces of the space.
• 22:36
  [SPEAKER_00]: So we were bringing his calls and they were very, very bullish.
• 22:39
  [SPEAKER_00]: And even going into the new year, he was, you know, calling for these crazy price targets.
• 22:44
  [SPEAKER_00]: And then obviously the rug got pulled on the price levels at the beginning of the year here.
• 22:49
  [SPEAKER_00]: And he had to go on and face some tough questions.
• 22:53
  [SPEAKER_00]: This is about
• 22:54
  [SPEAKER_00]: There's about three minutes.
• 22:56
  [SPEAKER_00]: Uh, so I'm going to take notes on this.
• 22:59
  [SPEAKER_00]: Shh.
• 22:59
  [SPEAKER_00]: No, we'll probably we'll play the whole three minutes.
• 23:01
  [SPEAKER_00]: But it's a pretty, uh, it's a hard hitting interview from Scott Woppers.
• 23:05
  [SPEAKER_00]: You got to give credit to him for asking the tough questions and Tom Lee to face the music.
• 23:09
  [SPEAKER_00]: So let's, uh, let's give it a listen here.
• 23:11
  [SPEAKER_00]: And then we can react on the other side.
• 23:13
  [SPEAKER_08]: See what's taking place in crypto.
• 23:15
  [SPEAKER_08]: We're talking about track.
• 23:17
  [SPEAKER_08]: You're in crisis.
• 23:18
  [SPEAKER_08]: Arc place.
• 23:21
  [SPEAKER_10]: Uh, hi Scott.
• 23:22
  [SPEAKER_10]: Thanks for having me.
• 23:24
  [SPEAKER_10]: You know, BitMind is designed to be a vehicle that tracks Ethereum prices, but on the upswing because we're getting, we're adding Ethereum will outperform.
• 23:34
  [SPEAKER_10]: So Ethereum's next raw down, BitMind's going to be in this raw down stock.
• 23:42
  [SPEAKER_10]: BitMind has no leverage, it has roughly 4.3 million Ethereum that earns 3% annually.
• 23:50
  [SPEAKER_10]: And we have 600 million cash earning about 4% in money markets.
• 23:54
  [SPEAKER_10]: So the company is making about a million dollars a day.
• 23:57
  [SPEAKER_10]: So there is no risk, no need for the company to actually raise money because it's that free and actually generates about $3.6 million a year in net income.
• 24:07
  [SPEAKER_10]: I think crypto sentiment is rock bottom because it has been a terrible
• 24:20
  [SPEAKER_10]: I think we have a lot of concerns about whether crypto is even viable, but you know, all of those statements that I just heard, and just a minute ago, I heard the same thing in another 22 after FTX, and that's the reality that crypto sort of characterized what hyperbolicity and big drawdowns.
• 24:39
  [SPEAKER_10]: And the aim just in the last eight years, the experience had seven drawdowns of six percent or more.
• 24:46
  [SPEAKER_10]: Big businesses.
• 24:47
  [SPEAKER_10]: Seven of seven of those were all B-shaped recovery.
• 24:50
  [SPEAKER_10]: So we had a water call of a climb.
• 24:52
  [SPEAKER_10]: It critters bottoming now, which it kind of looks like it is.
• 24:56
  [SPEAKER_10]: We get in micro strategies 25% move.
• 24:59
  [SPEAKER_10]: The recoveries are B-shaped, so we recover as quickly as we fall on.
• 25:04
  [SPEAKER_08]: Just want to follow up on that.
• 25:06
  [SPEAKER_08]: We're used to suggest there's no risk to the company.
• 25:10
  [SPEAKER_08]: Is that assumption that Ethereum has stopped going down?
• 25:15
  [SPEAKER_08]: That this is a bottom.
• 25:16
  [SPEAKER_08]: If there is what some have predicted to be a coming quote on quote, Death Spiral for certain cryptocurrencies if the situation with Ethereum gets worse, what happens here?
• 25:30
  [SPEAKER_10]: Well, yeah, I mean, it's a fair question.
• 25:33
  [SPEAKER_10]: I think we can look at metrics for instance.
• 25:37
  [SPEAKER_10]: If you look at the number of active addresses on Ethereum, it's up 117% versus a year ago, in fact, in just the last three months, that's actually gone up parabolicly.
• 25:48
  [SPEAKER_10]: As you know, coming out of Davos, what was the big story around what Wall Street plans to do?
• 25:56
  [SPEAKER_10]: It's tokenization, which is moving a lot of their financial infrastructure onto the blockchain Scott.
• 26:03
  [SPEAKER_10]: That's not going to change just because cryptocurrency is a fallen.
• 26:06
  [SPEAKER_10]: But what is the blockchain that is evident, listed, named I, whether it's UBS standard charter or fidelity, where they're tokenizing products, it's on Ethereum.
• 26:18
  [SPEAKER_10]: So Ethereum is not an industrial because the utility is going up to prices, of course, has been awful.
• 26:26
  [SPEAKER_10]: Unfortunately, crypto prices are volatile.
• 26:30
  [SPEAKER_10]: It's not like earnings estimates change for ethereum.
• 26:33
  [SPEAKER_10]: In fact, network usage is up 80% and just the last six months, but it doesn't mean prices move a lot.
• 26:41
  [SPEAKER_10]: I mean, it's sort of a feature of crypto itself.
• 26:44
  [SPEAKER_00]: Tom Lee front of the show, sticking to his guns, bringing some stats there Ethereum usage at all time.
• 26:53
  [SPEAKER_00]: DELITY, which is my next slide here, just kind of saying they put out a note here.
• 27:00
  [SPEAKER_00]: If you're in a medium of exchange and store of value, I'll pull this up if anybody's interested in reading it from fidelity digital assets.
• 27:08
  [SPEAKER_00]: Basically, the number one thing that I thought is convictions there, it's not changing obviously in that short of a time.
• 27:15
  [SPEAKER_00]: uh... and he admitted to the price action being awful the one thing that i really am interested in on his dad for a bit mind compared to strategy is is the no debt so he started uh... you know they continue to buy you think continue to stay youth and then they're you know they're making uh... off their staking a million dollars a day
• 27:34
  [SPEAKER_00]: Um, which, you know, we don't have their balance sheet of operations of how many people and payroll and what it costs to run that business.
• 27:41
  [SPEAKER_00]: My guess is that's not enough necessarily to run the bit-mind business and we have another topic of, you know, them investing in moonshots that we're going to move to next.
• 27:52
  [SPEAKER_00]: But, um, credit to him to facing the music, I think it's something that to be said when you, you know, you call out all these crazy price targets, Brian, and they goes completely the other way.
• 28:04
  [SPEAKER_00]: A lot of people in this space, especially on crypto Twitter, go and hide.
• 28:08
  [SPEAKER_00]: We're not, you know, we're a podcast that continues to put out more and more content, no matter what the market, and credit to Tom Lee for showing up.
• 28:15
  [SPEAKER_00]: Anything to take away there from Tom's face and music?
• 28:19
  [SPEAKER_01]: No, I mean, it's great to see him face the music, which he should, you know, he has some big price targets and for good reason and some good thesis behind it didn't work out, but it doesn't mean that we're not going to hit those price targets in the future.
• 28:32
  [SPEAKER_01]: I mean, just think about this, we have black rock using Ethereum rails for tokenized treasury liquidity.
• 28:38
  [SPEAKER_01]: we have fidelity that's launching an ethereum base stable coin whoever's called the fidelity digital dollar these are major major uh... companies out there utilizing a theorem so if we took a pro dip in the price it doesn't mean that they're not still moving forward with this so it's a it's a blip on the radar nobody loves when the market's down it's always it's always tough and there's volatility in the moment but
• 29:04
  [SPEAKER_01]: it's not going anywhere.
• 29:05
  [SPEAKER_01]: Crypto is not going to zero.
• 29:07
  [SPEAKER_01]: I can probably see that.
• 29:08
  [SPEAKER_01]: There's a lot of reasons to be extremely bullish.
• 29:11
  [SPEAKER_01]: So this is one of those times when price doesn't match up to the fundamentals, but that's why I call it the weakest bear market in history.
• 29:20
  [SPEAKER_01]: And I think Tom Lee nailed it as well when he said there's V shape recoveries.
• 29:26
  [SPEAKER_01]: I don't think that's going to happen next week or the next fall week, but when we start to see recovery, I think it's going to happen very fast and very hard.
• 29:34
  [SPEAKER_01]: Pretty much as fast as we came down, I think we're going to v-shaped up and v-shaped up really quickly.
• 29:41
  [SPEAKER_00]: Yeah, and it can be narrative driven as well.
• 29:44
  [SPEAKER_00]: Like kind of how we covered on the software side of it.
• 29:47
  [SPEAKER_00]: You get caught into a narrative, and that's how it is.
• 29:50
  [SPEAKER_00]: And then once that narrative flips, you know, there's people that step in with big amounts of money, and it can get away from you pretty fast.
• 29:57
  [SPEAKER_00]: But sticking onto the Ethereum trade train a little bit, going over to Mr.
• 30:02
  [SPEAKER_00]: Beast, friend of the show, of course, Mr.
• 30:05
  [SPEAKER_00]: Beast.
• 30:05
  [SPEAKER_00]: uh... buying a financial Jimmy buying a financial services app and i got to say i have to say
• 30:14
  [SPEAKER_00]: We do we have given ourselves a lot of flowers recently, but we talked about this not that long ago.
• 30:22
  [SPEAKER_00]: We talked about this Mr.
• 30:23
  [SPEAKER_00]: Beast partnering with BitMine and I went on a huge rant and I was like, I think this is unbelievably bullish and I just, you know, coming from the content creator side and being in the YouTube world and understanding his audience, again, this guy gets more views in like, I think a month than the Super Bowl gets a year.
• 30:43
  [SPEAKER_00]: So his audience is global, it's worldwide, and it's young.
• 30:47
  [SPEAKER_00]: And they went and acquired this financial services app's step.
• 30:50
  [SPEAKER_00]: And again, I don't know exactly how he's going to integrate it with Beast Industries, what he's going to do.
• 30:56
  [SPEAKER_00]: I mean, this guy has everything from a chocolate bar to a YouTube channel to now a financial services app.
• 31:02
  [SPEAKER_00]: Um, and, and again, the most, uh, and then I'll zoom out here and obviously none other than Tom Lee, quote tweeting it and giving you all the reasons why this is exciting.
• 31:11
  [SPEAKER_00]: And if you didn't catch that episode, it is bit mine, uh, Tom Lee's Ethereum Treasury, uh, invested into beast industries via this, this investment, Tom Lee, uh, you know, a little bit mine that owns a piece of step now.
• 31:25
  [SPEAKER_00]: And when all this news broke,
• 31:28
  [SPEAKER_00]: I can't, the number one thing that shocked me was Chemoth from the All-in-Potcast chimed in and just started talking about it.
• 31:36
  [SPEAKER_00]: Like, oh yeah, I'm invested in Beast Industries and Jimmy's killing it.
• 31:40
  [SPEAKER_00]: And I'm so glad to be a part of it.
• 31:42
  [SPEAKER_00]: I'm like, I live.
• 31:44
  [SPEAKER_00]: Me and you both live on the internet.
• 31:46
  [SPEAKER_00]: Basically, especially in crypto, Twitter, or business, Twitter, whatever you want to call it, I never knew that he was involved in it.
• 31:52
  [SPEAKER_00]: And all of a sudden, it's all over the timeline.
• 31:54
  [SPEAKER_00]: And he's talking like he's been,
• 31:56
  [SPEAKER_00]: invested in a chairman and helping Jimmy grow his business for years.
• 32:00
  [SPEAKER_00]: And so, you know, traumatic big crypto guy as well early.
• 32:03
  [SPEAKER_00]: And just I think this is.
• 32:08
  [SPEAKER_00]: I think this is pretty big.
• 32:09
  [SPEAKER_00]: This is one of my new favorite narratives.
• 32:12
  [SPEAKER_00]: Is Jimmy aka Mr. B, getting involved in finance apps, taking investment from Chimoff, taking investment from BitMine, Ethereum Treasury, like this feels like something is bubbling here for maybe a big announcement.
• 32:29
  [SPEAKER_00]: I don't know.
• 32:30
  [SPEAKER_00]: What do you think, Brian?
• 32:31
  [SPEAKER_01]: I think you nailed it, man, I mean, they're just like the tweet says, they're building a financial out, focus for Gen Z.
• 32:38
  [SPEAKER_01]: And with Gen Z love, digital dollars, they're not exactly signing partnerships with Chase Bank and Melon Bank or anything along those lines in the traditional
• 32:48
  [SPEAKER_01]: banking system.
• 32:49
  [SPEAKER_01]: So he's up to something and with Tom Lee and his background.
• 32:54
  [SPEAKER_01]: It's probably something big for Ethereum.
• 32:55
  [SPEAKER_01]: But I remember this.
• 32:56
  [SPEAKER_01]: It's just a few weeks ago.
• 32:58
  [SPEAKER_01]: It was on our sheet.
• 32:59
  [SPEAKER_01]: And we both feel like it's like, what is, what's Mr.
• 33:02
  [SPEAKER_01]: Beast doing in the crypto world?
• 33:04
  [SPEAKER_01]: Is he creating a bank?
• 33:06
  [SPEAKER_01]: What was his Super Bowl commercial too?
• 33:08
  [SPEAKER_01]: Did it have something to do?
• 33:10
  [SPEAKER_00]: I was, I was going to bring that up next.
• 33:12
  [SPEAKER_00]: Was it, uh, I think that was it sales force or service now?
• 33:16
  [SPEAKER_01]: I think it was Salesforce.
• 33:19
  [SPEAKER_01]: I think it was Salesforce, but he's heavily, he's heavily involved.
• 33:23
  [SPEAKER_00]: That's of course.
• 33:24
  [SPEAKER_01]: Baked.
• 33:26
  [SPEAKER_01]: Yeah, there's something going on here and we're going to look back on this in a few months and be like, oh man, like that was obvious.
• 33:36
  [SPEAKER_01]: So I'm excited to see how it all shakes out.
• 33:39
  [SPEAKER_00]: Yeah, there was some, there was some stat I saw is they were giving away a million dollars.
• 33:45
  [SPEAKER_00]: Um, the vault.
• 33:48
  [SPEAKER_00]: This is just a quick AI Google, but I saw this tweet of how like successful the Super Bowl commercial was of getting people to take action.
• 33:54
  [SPEAKER_00]: That was the key.
• 33:55
  [SPEAKER_00]: Let's just read this AI over view real quick.
• 33:57
  [SPEAKER_00]: Mr. Be's Super Bowl commercial partnership with Salesforce was titled the vault was a massive success generating over 70 million visits and causing traffic spikes that temporarily crashed the email verification system because to solve the puzzle to get the $1 million you had to sign up and
• 34:16
  [SPEAKER_00]: and get into some type of slack bot, which is slack is owned by Salesforce to find the hidden clues.
• 34:22
  [SPEAKER_00]: So people had to download and sign up for this and get an email verification and they crashed the email verification system because of obviously the million dollars to take action.
• 34:32
  [SPEAKER_00]: But they knew they knew this and they were ready because not only was it the 60 seconds on TV, it was the lead up to it was Mr.
• 34:39
  [SPEAKER_00]: Beast talking about it.
• 34:40
  [SPEAKER_00]: He made content videos tweets talking about the relationship with sales force talking about pitching the idea he told
• 34:47
  [SPEAKER_00]: again what is he so good at doing it's entertaining and it's telling a story and it's getting people to take action whether it's watching or the first thing he gets people to do is interest he gets him to click he gets him to watch now he sells some candy bars then he sells them like launchables and now he's you know he's he's building the next bank apparently for beast industries
• 35:09
  [SPEAKER_00]: I am very excited about this storyline.
• 35:12
  [SPEAKER_00]: I think it's a fun fresh, you know, generational storyline in the sense that, okay, the institutions are coming.
• 35:20
  [SPEAKER_00]: That's the old money.
• 35:22
  [SPEAKER_00]: This is the, I don't want anyone say new money with Mr.
• 35:24
  [SPEAKER_00]: Beast, but just the new age of entertainment, the new age of finance, pairing up with this new age of entertainment is something that, you know, kind of obviously with my content background gets me super jacked up.
• 35:38
  [SPEAKER_01]: Yeah, he just knows how to get clicksman, the psychology behind it in the entertainment value, everybody from my five-year-old knows who Mr.
• 35:48
  [SPEAKER_01]: Beast is to my mother, so I think this is going a little bit under the radar.
• 35:54
  [SPEAKER_01]: Honestly, as well, we don't hear a ton of buzz around it in the space, probably because everyone just wants to tell us what the Bitcoin is down.
• 36:01
  [SPEAKER_01]: But there's some big things out there going on under the covers that I think at the right time is going to be just an aha moment when it all gets released.
• 36:12
  [SPEAKER_00]: Yeah, and when we first talked about it, this obviously, man, I'm telling you, this I would love to be in the room with Mr.
• 36:20
  [SPEAKER_00]: Beast time.
• 36:21
  [SPEAKER_00]: I mean, I can only hope, I think this wasn't done over the phone.
• 36:24
  [SPEAKER_00]: I really hope there was like a boardroom meeting and it's like Mr.
• 36:27
  [SPEAKER_00]: Beast, Jamoth, and Tom Leigh all sitting down like, what a room, what a room to be in.
• 36:33
  [SPEAKER_00]: uh, just to, you know, that this bitmind investment happened and everybody freaked out, like the timeline was, I mean, I think it was like, it was polarizing, it was like people either got it right away, but a lot of people didn't, they're like Tom leaves taking all this money and he's just investing in a YouTube or a child.
• 36:52
  [SPEAKER_00]: And it's like, what, they just don't know who this guy is and what he does.
• 36:57
  [SPEAKER_00]: And then for, like, I guess what I'm trying to say is I don't think Bitcoin makes the investment into peace industries without the roadmap of this deal kind of being talked about and already underway.
• 37:08
  [SPEAKER_00]: So, so we kind of saw the first deal of Bitcoin and Mr.
• 37:11
  [SPEAKER_00]: Beast and we're jumping to conclusions of like, okay, well, Jimmy's talked about maybe wanting to get into finance, we'll do it.
• 37:17
  [SPEAKER_00]: But I don't think I don't like bit mine, you know, they they had privy to the information like all right we're going to sign up for this you're going to go by that and then there's a road map that I don't think it's completely public yet.
• 37:28
  [SPEAKER_00]: And then what do I don't know Mr.
• 37:30
  [SPEAKER_00]: Beast by Z the Mr.
• 37:31
  [SPEAKER_00]: Beast downloads the wallet like what kind of videos are we looking for in the future just even even just.
• 37:39
  [SPEAKER_00]: You know, does Mr.
• 37:40
  [SPEAKER_00]: Beast go to consensus and sit on a panel with Tom Lee like I think that there's so many things that could happen here that could be really Really fun for the space and in a whole new exposure to the to the younger audience, which I think is is needed in a
• 37:56
  [SPEAKER_01]: Yeah, really well said it it's just an exciting time and this is why we need to pay attention to these things because the clues are out there and he's he's a Mr.
• 38:05
  [SPEAKER_01]: Beast is a crypto fan I've heard of him talk about it quite a bit in the past so you know he's going to try to integrate in some former fashion and he know he knows the right buttons to push and just exciting stuff all around.
• 38:19
  [SPEAKER_00]: Yeah, to close it out, I see here in our, you know, the social media team for crypto 101 always on point and never misses, but I can't believe they're not following friend of the show, Mr. B.
• 38:29
  [SPEAKER_00]: So we'll give them a follow there to close out the segment.
• 38:32
  [SPEAKER_00]: And we're going to move on.
• 38:34
  [SPEAKER_00]: We're going to move on to the, this is, this is right up your alley alley, a little bit of Puggy penguin news.
• 38:40
  [SPEAKER_00]: Pudgy Penguin.
• 38:41
  [SPEAKER_00]: You guys have been spot on from the beginning.
• 38:43
  [SPEAKER_00]: A lot of highs, a lot of lows, a lot of ups, a lot of downs.
• 38:47
  [SPEAKER_00]: Um, but a super fun project to learn about and you guys were super super early to the NFTs, super early to the coin, which I know rocketed, you know, at one point it was like what four, five hundred percent from when you guys gave it out.
• 39:00
  [SPEAKER_00]: And so before we go into the news around Pudgy Penguin, if you're interested in those type of calls and getting first alerts
• 39:10
  [SPEAKER_00]: Check the description below, I put a $1 trial there, so you could take a look inside the momentum money makers community for just a dollar to get early access to calls like when they gave Puggy Penguin back in the day before it rocketed 400% but Puggy Penguin making moves.
• 39:25
  [SPEAKER_00]: The first one I saw is a Valentine's day.
• 39:28
  [SPEAKER_00]: I don't know what we could play the sound I guess, but it's on the today show.
• 39:34
  [SPEAKER_02]: time like all at vanger.com.
• 39:37
  [SPEAKER_02]: And then moving into, okay, this is very fun.
• 39:40
  [SPEAKER_02]: I had no idea how viral.
• 39:42
  [SPEAKER_02]: Puggy penguins was on mine.
• 39:44
  [SPEAKER_02]: Puggy penguins.
• 39:45
  [SPEAKER_02]: What are they?
• 39:46
  [SPEAKER_02]: So this couple packs and poly has been the Uber popular internet porn.
• 39:50
  [SPEAKER_02]: They have toys.
• 39:51
  [SPEAKER_02]: They have collect
• 39:52
  [SPEAKER_00]: So, Puggie Penguin on the today show with 55-year-old woman selling Puggie Penguin Bocaze.
• 39:59
  [SPEAKER_00]: We talked about over Christmas.
• 40:00
  [SPEAKER_00]: I was buying the book for my two-year-old nephew.
• 40:03
  [SPEAKER_00]: I mean, that's a wide range.
• 40:05
  [SPEAKER_00]: And obviously the memes and the impressions that this, I mean, say a lack of a better word.
• 40:10
  [SPEAKER_00]: This business is getting is, is generational.
• 40:14
  [SPEAKER_00]: So, you're excited for the Valentine's Day Puggie Bocae Brian and what are you hearing
• 40:22
  [SPEAKER_01]: Yeah, I mean, I'll get myself by myself.
• 40:23
  [SPEAKER_01]: I'm like by myself a Valentine's book.
• 40:26
  [SPEAKER_01]: Okay, I could get it for the wife, but I'm like, keep it in the mouth.
• 40:29
  [SPEAKER_00]: I'm sorry.
• 40:29
  [SPEAKER_00]: Hold out.
• 40:30
  [SPEAKER_01]: Hold out.
• 40:31
  [SPEAKER_00]: Hold out.
• 40:31
  [SPEAKER_00]: Hold out.
• 40:31
  [SPEAKER_00]: Hold out.
• 40:32
  [SPEAKER_00]: Gotta go to work city.
• 40:33
  [SPEAKER_00]: Hold out, sold out, right?
• 40:34
  [SPEAKER_00]: When they went live.
• 40:35
  [SPEAKER_00]: I sold out.
• 40:36
  [SPEAKER_00]: You can go.
• 40:36
  [SPEAKER_00]: I think I think I might have already happened there having like in a New York city event where you go buy one in person online sold out.
• 40:44
  [SPEAKER_01]: Well, I got feet in the street in New York.
• 40:46
  [SPEAKER_01]: I've bought crazy things, so you might have to see, you might see one on the background next few days.
• 40:53
  [SPEAKER_01]: But the Pudgy Penguins team, the price is down because everything's down right now.
• 40:58
  [SPEAKER_01]: You know, the market's not responding the way we want, but they continue to produce.
• 41:04
  [SPEAKER_01]: I mean, just over the holidays, we had collaborations with the NHL and the winter classic, they were on the Vegas Fear, they got the book.
• 41:11
  [SPEAKER_01]: They have one of the most fun mobile games.
• 41:14
  [SPEAKER_01]: If you're not playing, uh, not paying the clash, uh, the Pudgy Penguin game you can download an Apple store.
• 41:19
  [SPEAKER_01]: My kids played all the time.
• 41:21
  [SPEAKER_01]: Super smooth, super fun.
• 41:22
  [SPEAKER_01]: They're selling these plushies.
• 41:24
  [SPEAKER_01]: They're a real business with the cryptocurrency.
• 41:28
  [SPEAKER_01]: backing that make real money and have very unique mechanics they're integrated with the abstract block chain that there's just so much I could spend a whole podcast why I think this is one of the most interesting and attractive meme coins out there I get it the prices down everything's kind of down but again it looks like there's some big opportunity because I don't think Luca and the team are sweating the price of Bitcoin Ethereum right now they're just continuing to produce and meet their
• 41:57
  [SPEAKER_01]: Honestly, it feels like on these sheets every week, we have something new that they're building doing.
• 42:04
  [SPEAKER_00]: Yeah, I mean, it continues along with this week as well in a little credit card sneak peak here.
• 42:09
  [SPEAKER_00]: No details around it other than it seems to be a Puggy penguins visa card, you know, who knows.
• 42:16
  [SPEAKER_00]: Does that include a point?
• 42:18
  [SPEAKER_00]: So you're going to be getting your points back in pen-gootokens.
• 42:22
  [SPEAKER_00]: I don't know, or is it just a card and, you know, obviously along with the viral meme, any thoughts?
• 42:27
  [SPEAKER_00]: Any thoughts of what they might be doing to tie it into the community brand?
• 42:32
  [SPEAKER_01]: That would be great.
• 42:33
  [SPEAKER_01]: Like I have a Jim and I card and I rotate through different cryptos.
• 42:36
  [SPEAKER_01]: I want to get rewards on if for some reason Visa and Pudgy penguins had some sort of penguin rewards signed me up.
• 42:44
  [SPEAKER_01]: I'm all over it.
• 42:45
  [SPEAKER_01]: I wouldn't put it past Luca.
• 42:47
  [SPEAKER_01]: If anybody is ever been curious about the story around Pudgy penguins and Luca and how he's built this brand.
• 42:53
  [SPEAKER_01]: It's one of the best stories in all of crypto and I've said this a million times.
• 42:59
  [SPEAKER_01]: I get it Pudgy penguins.
• 43:00
  [SPEAKER_01]: You can look at it as a meme coin, but as a meme coin or a brand coin is I want to talk about they have done more than like 80 90% of other altcoins out there
• 43:12
  [SPEAKER_01]: They've produced more, they've brought in more revenue, they signed big partnerships.
• 43:16
  [SPEAKER_01]: This is just the way things are going to change, and you can see how captivating content is.
• 43:21
  [SPEAKER_01]: We just got done talking about Mr.
• 43:23
  [SPEAKER_01]: Beast and how he shut down sales forces website and people were rushing to get the million dollars and do the clues.
• 43:30
  [SPEAKER_01]: We like gamification.
• 43:32
  [SPEAKER_01]: We like fun.
• 43:33
  [SPEAKER_01]: That's exactly what Puggy Penguins is.
• 43:36
  [SPEAKER_01]: So I'm a big believer.
• 43:37
  [SPEAKER_01]: I have.
• 43:38
  [SPEAKER_01]: I have a holding of Pengu in a continued dollar cost average in one down days, because I see the path for this to go parabolic, but it's not going to go anywhere until, you know, the rest of the market just shapes up and starts to recover, which will happen.
• 43:54
  [SPEAKER_01]: So, but it's still they're just producing they're not packing it up, they're absolutely making it happen.
• 44:01
  [SPEAKER_00]: Yeah, they haven't, I mean, they haven't stopped.
• 44:03
  [SPEAKER_00]: It's every single week they're announcing something.
• 44:05
  [SPEAKER_00]: That's like, it's not, it's not even like basic low level hanging fruit.
• 44:10
  [SPEAKER_00]: It's like big announcements, big partnerships.
• 44:13
  [SPEAKER_00]: And again, it's fun in the communities fun.
• 44:15
  [SPEAKER_00]: And so it's kind of like just crypto in general.
• 44:17
  [SPEAKER_00]: It's like, hey, when stuff goes up, the memes are great.
• 44:20
  [SPEAKER_00]: When stuff goes down, the memes are great.
• 44:22
  [SPEAKER_00]: And you're just kind of in it together.
• 44:23
  [SPEAKER_00]: And so it kind of has that toxic,
• 44:26
  [SPEAKER_00]: just a lore of being a part of a community and I think, you know, nothing, you know, in crypto represents that more than, uh, Pudgy Penguin, especially with their, just the virality of what they've, what they've created.
• 44:38
  [SPEAKER_00]: Um, let's talk Super Bowl.
• 44:41
  [SPEAKER_00]: Let's talk Super Bowl.
• 44:42
  [SPEAKER_00]: All right, guests, hold on.
• 44:43
  [SPEAKER_00]: Before we talk Super Bowl, we did actually have a great question.
• 44:46
  [SPEAKER_00]: Um, and we can do more questions at the end if anybody has one, but St. John asked a good question.
• 44:51
  [SPEAKER_00]: You just said, hey, what about Jim Cramer's assertion that the US government added to the strategic Bitcoin reserve?
• 44:57
  [SPEAKER_00]: I saw this clip on CNBC.
• 45:00
  [SPEAKER_00]: Normally it's something I would put in and bring up.
• 45:03
  [SPEAKER_00]: I just,
• 45:03
  [SPEAKER_00]: the way I don't think Jim Cramer sometimes he goes off the rails a little bit and just says things like he's you know he's on live TV so many hours a day and like I don't he yeah I personally don't think he has any insight in formation I think it was almost said in just if that makes sense they were going to a commercial break they were talking about how crypto is falling and I think he just
• 45:33
  [SPEAKER_00]: Let let let let let let me just summarize this if Jim Kramer is the only one saying it I don't think it's true because he's not getting any calls from the trouble administration giving them the inside scoop if that makes sense.
• 45:45
  [SPEAKER_00]: And he thought that Brian.
• 45:47
  [SPEAKER_01]: Stop a cent in get as a Jim Kramer tremors approval before they fired off the coin into the reserve.
• 45:54
  [SPEAKER_01]: Ah, that would that would be great.
• 45:56
  [SPEAKER_01]: I think there's good probably be some other res.
• 46:00
  [SPEAKER_01]: some other hurdles to get over in some tell signs if we're adding to the Bitcoin reserve, which I think will happen eventually.
• 46:08
  [SPEAKER_01]: But I didn't see this being chatted about too much, but Jim Kramer is kind of the anti-signal, you know?
• 46:16
  [SPEAKER_01]: So I went right here, Jim Kramer, I always like to do the opposite of whatever good old Jimmy's doing.
• 46:24
  [SPEAKER_00]: Yeah, super producer here can always pull whatever up.
• 46:27
  [SPEAKER_00]: So I guess since we're talking about that,
• 46:30
  [SPEAKER_07]: I don't see you think the president is going to fill the big coin reserve.
• 46:35
  [SPEAKER_07]: I don't know, that will, well, that's what I've heard.
• 46:38
  [SPEAKER_07]: I heard it's 60's going to fill the Bitcoin Reserve.
• 46:40
  [SPEAKER_07]: You better cover.
• 46:42
  [SPEAKER_00]: So, you know, he just kind of threw that in there.
• 46:44
  [SPEAKER_00]: They were the longer clip there, you know, jousting back and forth about it.
• 46:48
  [SPEAKER_00]: And I think it was sudden just, but not something that necessarily can't happen.
• 46:51
  [SPEAKER_00]: It's something that we have talked about on the show.
• 46:54
  [SPEAKER_00]: And these would be great levels to do it.
• 46:56
  [SPEAKER_00]: So I see how he kind of reached for that.
• 46:58
  [SPEAKER_00]: But yeah, I think that would be something that if they're doing it, they'd be doing it
• 47:05
  [SPEAKER_00]: Some of them will keep tabs on, but I don't, yeah, anything inside scoop administration-wise, they're not calling Jim Kramer trust me.
• 47:13
  [SPEAKER_00]: Trust me on that one.
• 47:13
  [SPEAKER_00]: That's one I can, I can put a TV guarantee on that one.
• 47:19
  [SPEAKER_00]: Let's move on to the Super Bowl.
• 47:23
  [SPEAKER_00]: Yeah, it's still crypto-based prediction markets, the volume on the prediction market, shout out to Brian McNut on the program with us today in front of your face.
• 47:31
  [SPEAKER_00]: The first person I ever heard to call for a prediction market super cycle, and that's no doubt what we're in, but the prediction market's just crushing handle, which is total amount, you know, wagered if you want to call it a wager, over the weekend for the Super Bowl outpacing some of the, you know, the draft Kings and the Fandals of the world.
• 47:52
  [SPEAKER_00]: So what's your takeaway here, Mr. Mr.
• 47:57
  [SPEAKER_01]: Pretty sure market super cycle is for real, man.
• 48:00
  [SPEAKER_01]: I think
• 48:03
  [SPEAKER_01]: I think it's coming harder and faster than I expected to put it that way.
• 48:09
  [SPEAKER_01]: I think we were talking about this before the show and we were talking about like the two big players out here are calcium, poly, market, you can see opinion on the Binance chain, but everything else is kind of like lagging behind it.
• 48:22
  [SPEAKER_01]: I do believe that these will consolidate and form some of the bigger prediction markets out there.
• 48:27
  [SPEAKER_01]: And we were talking about insider trading in the truth mechanism and how that's all been brought up in the past.
• 48:34
  [SPEAKER_01]: And here's an example, I think the two biggest wagers during the Super Bowl, and correct me, Chad, if I'm wrong, I'm almost 99% sure, was the first song by Bad Bunny, and who the guest was going to be at the halftime show.
• 48:49
  [SPEAKER_01]: This is like both good and bad, because there's markets where moving, you know, pretty steadily throughout, but it was the most money-wager, hundreds of millions of dollars on those two things.
• 49:00
  [SPEAKER_01]: Now there has to be some sort of insider trading table on those, I mean, you tell me that there wasn't a janitor?
• 49:07
  [SPEAKER_01]: watching the rehearsal or somebody didn't know that Lady Gaga was coming and had like some sort of like part in the halftime show or there was even markets on on polymarking couchy like well Ben Affleck be it the Super Bowl.
• 49:22
  [SPEAKER_01]: Like, if you're somewhat friendly with Ben Affleck, you could theoretically call him up and be like, hey, man, you're going to the Super Bowl and he's like, no, I won't be there and put a wager.
• 49:31
  [SPEAKER_01]: And so, so that, that's kind of the good and bad thing about prediction markets is the, it's truth.
• 49:39
  [SPEAKER_01]: I mean, what Brian Armstrong said, it's is the closest form of truth as we have.
• 49:44
  [SPEAKER_01]: as long as you understand that there's going to be some people out there with certain certain certain wagers here, you know, not all wagers, but certain wagers.
• 49:53
  [SPEAKER_01]: There's something that don't have outcomes.
• 49:54
  [SPEAKER_01]: We don't know, but certain wagers like who's going to be the guest of the half time show.
• 49:58
  [SPEAKER_01]: There's going to be some people that know and there's going to be people that wager on that.
• 50:01
  [SPEAKER_01]: As long as you know, you don't have insider information, you're you're probably straight up gambling or you have an educated guest of a gamble and that's okay.
• 50:10
  [SPEAKER_01]: people do that all the time, but you have to understand there's some people with some insider information out there and you could get farm slightly, but it's not stopping people from flocking to these prediction markets, which I believe this prediction market super cycles get continued to grow.
• 50:26
  [SPEAKER_01]: I know a Vlad Robinhood has called it a prediction market super cycle.
• 50:30
  [SPEAKER_01]: I think he released their numbers recently, crypto is a little bit down, but their prediction market stats.
• 50:36
  [SPEAKER_01]: or out of this world.
• 50:37
  [SPEAKER_01]: And you and I talked about before the show about Kaushi and I was like a big reason Kaushi is absolutely popping off as you can go to your Robinhood app and it just pops up like predictions, like wagers, whatever you want to do.
• 50:50
  [SPEAKER_01]: So in the other unique thing about it, even if you don't like wagering or gambling or you don't have interest in any of that.
• 50:57
  [SPEAKER_01]: And that's great as well.
• 50:59
  [SPEAKER_01]: It's still one of the best metrics.
• 51:02
  [SPEAKER_01]: to like see what's happening.
• 51:04
  [SPEAKER_01]: Like you can actually see spikes of once that clarity act gets signed, probably a couple hours before the clarity act signs.
• 51:13
  [SPEAKER_01]: We're going to see a huge move on the actual, yes, no, for the clarity act on prediction markets way before it's even announced.
• 51:21
  [SPEAKER_01]: So it's one of the best places to source news in my opinion.
• 51:25
  [SPEAKER_01]: What are your thoughts on this whole prediction market
• 51:29
  [SPEAKER_00]: Well, I think we saw with Kevin Worst for the Fed decision, he was, you know, in no man's land at, you know, 70, 10% and then he shoots up to the favorite, you know, basically overnight.
• 51:40
  [SPEAKER_00]: So yeah, and I think for people having insider information, I think that's, I think, would Brian Armstrong said that right.
• 51:47
  [SPEAKER_00]: It was like, it's a, it's not a bug.
• 51:49
  [SPEAKER_00]: It's actually a feature of of knowing the truth.
• 51:52
  [SPEAKER_00]: It's, you know, we've all been through different, you know,
• 51:58
  [SPEAKER_00]: of understanding, like, hey, sometimes the news flow isn't, you know, maybe as, like, face value truth for, I think the polling was the biggest thing that got me, it was, and we've talked about, like, the Michigan, you know, Michigan University inflation, you know, survey or something.
• 52:14
  [SPEAKER_00]: And it's like, oh, actually, like, it was ridiculous.
• 52:17
  [SPEAKER_00]: It was like, oh, we're all going to die tomorrow.
• 52:19
  [SPEAKER_00]: Like, inflation's out of control.
• 52:21
  [SPEAKER_00]: And like, you know, a year or two years later, it's not that's not the case.
• 52:24
  [SPEAKER_00]: And then, you know, the polling around, you know, obviously the political stuff was a little off as well.
• 52:29
  [SPEAKER_00]: So it's an interesting place to go to see, you know, who's really putting their money where their mouth is.
• 52:34
  [SPEAKER_00]: And again, for Super Bowl stuff, yeah, there's there's always going to be people that know.
• 52:39
  [SPEAKER_00]: Um, you know, if you were a, if you were a bush for, uh, for bad bunny, if you're one of the people that dressed up as a bush, you know, you had rehearsals, and my guess is during the rehearsal, you know, you're going through the list, and you're learning what's going on, and there's always people that know, um, it would be nice to be one of those people for sure.
• 52:57
  [SPEAKER_00]: And, and I hope, uh, maybe one day I can be in that.
• 53:00
  [SPEAKER_00]: because it'd be nice to have that edge, uh, but yeah, I think you got to understand you got to understand where and what it's coming from and it's, it's even still not a guarantee.
• 53:09
  [SPEAKER_00]: I think that the, the Super Bowl example of Ben Affleck, I think it was, um,
• 53:14
  [SPEAKER_00]: God, I can't remember who it was.
• 53:16
  [SPEAKER_00]: Was it Matt?
• 53:17
  [SPEAKER_00]: No, Mark, well, maybe Mark Wahlberg.
• 53:19
  [SPEAKER_00]: Some famous person, there's something going viral on like, in the internet.
• 53:24
  [SPEAKER_00]: It was like, you know, somebody's daughter goes to Clevson, was dating somebody, and like told him, like, oh yeah, my dad's going to the Super Bowl and this whole frat, like, took the action, apparently, one little fair amount of money on it.
• 53:37
  [SPEAKER_00]: It goes wall very, don't quote me, but like that, you know, like, again, there's going to be people that have wins and for like, I looked at the odds for who's going to be the guest on the Super Bowl and Lady Gaga and Ricky Martin were already at like 82% and I didn't wager, I was like, and it was 82, I think it was like 85% and everybody else was at like,
• 53:59
  [SPEAKER_00]: 9% and so I I looked at that and I'm trained in the markets enough now.
• 54:04
  [SPEAKER_00]: I didn't gamble on I was like, I bet Lady Guy and Ricky Martin are going to be in the Super Bowl and sure enough there they were so you know it is it is a cool place to go and and find that information I like I like the prediction markets we talked about this free show.
• 54:18
  [SPEAKER_00]: Um, surprise how fast they grew.
• 54:21
  [SPEAKER_00]: Obviously football, especially in states where gambling, uh, fandle and draft games aren't yet.
• 54:28
  [SPEAKER_00]: There's a huge boost of handle for that.
• 54:31
  [SPEAKER_00]: Um, and I think just football in general is the most gambled on sport.
• 54:34
  [SPEAKER_00]: So now that football's over, I think that comes down a little bit.
• 54:37
  [SPEAKER_00]: Uh, and then you're going to get people like,
• 54:39
  [SPEAKER_00]: that think they have edges that don't, that are probably going to get wiped out.
• 54:43
  [SPEAKER_00]: So I think you'll see it come back in a little bit.
• 54:46
  [SPEAKER_00]: And one thing I as a big Robinhood guy over the years gave it out at eight dollars and like 50 cents on this one crypto one one podcast before it went to 130 dollars a share for people that forget.
• 54:59
  [SPEAKER_00]: I'm not a I like that they have it.
• 55:01
  [SPEAKER_00]: I'm not a huge fan of the being on the front page of my brokerage like hey you have your life savings here and you're trying to figure out your risk reward and you know what's my long term what's my short term my stocks and then like hey patriots money line, you know,
• 55:16
  [SPEAKER_00]: Plus 250 jump in big guy and I'm like, you know, I'm a little cash in the money market fund might jump in there.
• 55:22
  [SPEAKER_00]: I think I think you really want to separate that because I do look at it as gambling unless Mark Wall Burgers daughter calls me and tells me that her dad's gonna be at the Super Bowl.
• 55:31
  [SPEAKER_00]: Then maybe we have a little bit of an edge.
• 55:33
  [SPEAKER_00]: But other than that, it does it does feel like gambling to me and any final thoughts?
• 55:39
  [SPEAKER_01]: Yeah, I mean, it's straight up gambling.
• 55:41
  [SPEAKER_01]: If you don't have an inside edge, it's straight up gambling.
• 55:43
  [SPEAKER_01]: But I would jump on board.
• 55:44
  [SPEAKER_01]: I thought about that as well with the Super Bowl being over and now like football and it's in a way, because I was like the super cyclist coming.
• 55:50
  [SPEAKER_01]: But we do have some very interesting catalysts for prediction markets upcoming.
• 55:53
  [SPEAKER_01]: We're in the heart of the Olympics right now.
• 55:56
  [SPEAKER_01]: And I'm dying to know what these prediction markets are doing with the Olympics, because it feels like the Olympics are getting some, have you seen that quad?
• 56:03
  [SPEAKER_01]: God.
• 56:04
  [SPEAKER_01]: The quad guys unbelievable.
• 56:06
  [SPEAKER_01]: He's unbelievable.
• 56:09
  [SPEAKER_01]: Dude, I was like watching like old routines of his on YouTube last night of like this guy like how they feel not know about him.
• 56:18
  [SPEAKER_01]: Feels like the Olympics are just getting more like talked about this year, but I bet prediction markets are probably eating it up and then when those shut down, we're going to be in the heart of the midterms.
• 56:30
  [SPEAKER_01]: This guy, what I mean,
• 56:32
  [SPEAKER_01]: Look at his fit like this is like a Darth Vader, I mean they like had to outlaw that move or something I heard like you weren't allowed to do the flip in competition, but they landed in the Olympics and the quad god comes out and does it like I watched him last night and they were like his his show is so technically more difficult than everybody else it's like even if he falls
• 57:00
  [SPEAKER_01]: It would still win.
• 57:01
  [SPEAKER_01]: Yeah, I'm like this.
• 57:02
  [SPEAKER_00]: Yeah, this game is unbelievable.
• 57:06
  [SPEAKER_00]: Yeah, we need to get some action on on the quad god here Fun fact
• 57:11
  [SPEAKER_00]: Fun fact for the listeners when I was in college, I was a Zamboni driver, so I was a Zamboni driver at the ice drink at the University Delaware Gohens, and we had a huge, huge, um, figure skating program.
• 57:24
  [SPEAKER_00]: That's where so Johnny Weir, who hosts, he's the color guy of the Olympics.
• 57:29
  [SPEAKER_00]: He trained at Delaware, so he's the Zamboni of the ice for Johnny Weir back in the day.
• 57:34
  [SPEAKER_00]: So I got, you know, I don't talk, we don't talk figure skating much on the show, but again, just like my one class of political science, you could say, I am a figure skating expert because I Zambo need for a job.
• 57:48
  [SPEAKER_01]: You kept the ice cut for you.
• 57:50
  [SPEAKER_01]: It was cleaning cut for for good old Johnny for you.
• 57:53
  [SPEAKER_01]: You know exactly how we spent some time together at some sort of simulator.
• 57:58
  [SPEAKER_01]: shoot in some balls and pucks and I was like, Teemo might be the most athletic guy I've ever met.
• 58:04
  [SPEAKER_01]: Because I knew you were going to be good at liking it and the golf balls are the football that you pick up the old twig and just start firing the biscuit left corner right corner.
• 58:13
  [SPEAKER_00]: Yeah.
• 58:13
  [SPEAKER_01]: Look at the five hole.
• 58:14
  [SPEAKER_01]: I'm like, did you play hockey?
• 58:16
  [SPEAKER_01]: You're like it.
• 58:17
  [SPEAKER_01]: Oh, so you're good.
• 58:18
  [SPEAKER_01]: Okay, so you're you're pretty much an expert if you ask me.
• 58:22
  [SPEAKER_00]: Yeah, and the, yeah, just silky mits and, you know, Sam Boney driver, all that stuff, but, you know, the people, the people are entertained.
• 58:32
  [SPEAKER_00]: I thought we might lose some people there.
• 58:33
  [SPEAKER_00]: We're still, we're still at the high water market in the line.
• 58:35
  [SPEAKER_00]: So I think they were entertained by that story.
• 58:38
  [SPEAKER_00]: One final thing for all the crypto juggernauts out there.
• 58:40
  [SPEAKER_00]: We're going to talk about the Coinbase commercial for the Super Bowl.
• 58:45
  [SPEAKER_00]: So only one crypto commercial this year, unlike the, uh, that one year, the bull market where there was all the Tom Brady's and the Steph Curry's and the Larry David's and it was just crypto crypto, only one from Coinbase this year and it drew a divided crypto Twitter.
• 59:02
  [SPEAKER_00]: Did you see the commercial, Brian?
• 59:05
  [SPEAKER_01]: I, I did see, I did see the commercial.
• 59:09
  [SPEAKER_01]: And I was like, home and along to that back street.
• 59:12
  [SPEAKER_01]: I was vibing with that back street for a song like right my wheelhouse.
• 59:16
  [SPEAKER_01]: And I was like in and out of it because I was like messing around with something on my phone.
• 59:21
  [SPEAKER_01]: And then I was looking down when the Coinbase logo came up at the top, you know, we're like, you're gonna show the video.
• 59:27
  [SPEAKER_01]: And then the people at the house I was at, they weren't doing what the videos they do.
• 59:32
  [SPEAKER_01]: But they were like, wait, that's a Coinbase commercial blah blah, my wife looks at me.
• 59:36
  [SPEAKER_01]: She's like, did you know this?
• 59:38
  [SPEAKER_01]: I was like, yeah, Brian Armstrong just hit me up and he was like, hey, be, we're running the backstreet boys karaoke commercial.
• 59:45
  [SPEAKER_01]: I had a good chuckle, but it was, it did what it was supposed to do.
• 59:49
  [SPEAKER_01]: I got people talking.
• 59:51
  [SPEAKER_00]: it got people talking so i'm i'm somebody who uh... you know i've made new music videos and commercials and so i i get excited about just the creative direction of ads and i was somebody who and i and i love big fans of coinbase obviously friends of the show truly we've had number of people from different quote
• 1:00:09
  [SPEAKER_00]: Coinbase on the show and they've had so many viral thought-provoking ads in the past That went viral on crypto Twitter.
• 1:00:18
  [SPEAKER_00]: The one that comes to mind was the the one with the house Where they were like, oh, you bought this house and then they compared like buying a house to the value of Bitcoin And it was so thought-provoking And it got everybody talking in such a unique way and maybe maybe and again I so I love that stuff just to come
• 1:00:35
  [SPEAKER_00]: creative, the writing, there's a writing there, there's an execution there of the visual story telling to bring you to that thought-provoking moment.
• 1:00:42
  [SPEAKER_00]: I like that stuff and I think that their creative department has crushed it doing that.
• 1:00:47
  [SPEAKER_00]: That again, for people that didn't see it, it was basically just your TV screen turned into karaoke.
• 1:00:53
  [SPEAKER_00]: And you started singing the backstory boys and then everybody, so the thought is everybody's singing the song and then at the end it just goes Coinbase.
• 1:01:00
  [SPEAKER_00]: Um, and here, here was this, so here was the reaction of a lot of people, a lot of what we'll call Normies, not friends of the show at all, a reacting.
• 1:01:10
  [SPEAKER_04]: I saw a lot of videos like this, so let's see how the normal person reacted.
• 1:01:31
  [SPEAKER_00]: You said you want, you know, for the music, I had to cut that off a little bit, but yeah, I mean, Coinbase comes on Yeah, that's our exit liquidity You want to know how retail feels right now with the depth.
• 1:01:49
  [SPEAKER_01]: That's how they feel and you want to know what you should probably do is always fade retail
• 1:01:55
  [SPEAKER_00]: Yeah, yeah, that's how it was a great sentiment.
• 1:01:59
  [SPEAKER_00]: We've put commercials.
• 1:02:00
  [SPEAKER_00]: I think there was a Solana commercial at one point that was so bad that went online.
• 1:02:05
  [SPEAKER_00]: That Brendan and I put like a chart.
• 1:02:07
  [SPEAKER_00]: It was like a Solana bottom like we put the Solana commercial.
• 1:02:10
  [SPEAKER_00]: I'm gonna put the Coinbase chart on Bitcoin on Friday when I get Brendan.
• 1:02:14
  [SPEAKER_00]: I'm gonna get his take on it and we're gonna add the Coinbase Super Bowl commercial to it because if anything, that's a bad, bad sense of it for retail.
• 1:02:25
  [SPEAKER_00]: Um, and so the people that liked the commercial said, hey, it got everybody engaged and then you shoved Coinbase in their face and they saw it and they're talking about it.
• 1:02:33
  [SPEAKER_00]: And I just think that our space, uh, my take was, um, you know, I wasn't a fan of it in the sense that I think they've produced so many great ads before that it would have been interesting to try one of those really thought provoking ones because you have everybody, there's certain people that just watch the Super Bowl for the ads.
• 1:02:50
  [SPEAKER_00]: And so you have that engaged audience in normally like the if you go around and ask everybody that just flipped off the TV or booed the TV Be like, oh, but you didn't like that.
• 1:03:01
  [SPEAKER_00]: Did you did you watch the Bitcoin compared to a house commercial?
• 1:03:04
  [SPEAKER_00]: They'd be like, what are you talking about?
• 1:03:05
  [SPEAKER_00]: I've never seen that.
• 1:03:06
  [SPEAKER_00]: So you had an opportunity.
• 1:03:07
  [SPEAKER_00]: I think to deliver a thought provoking message because everybody's engaged and you could have done it in the same way where you tell a story
• 1:03:14
  [SPEAKER_00]: and then slowly ease into the Bitcoin compared to a house thing or something like that.
• 1:03:19
  [SPEAKER_00]: And uh, I don't know.
• 1:03:20
  [SPEAKER_00]: I thought you had a chance to do something called for broken.
• 1:03:22
  [SPEAKER_00]: Super fun.
• 1:03:23
  [SPEAKER_00]: Everybody was singing.
• 1:03:24
  [SPEAKER_00]: I saw Pat Patrick David saying like, oh, they should give him a raise.
• 1:03:27
  [SPEAKER_00]: It did its job.
• 1:03:29
  [SPEAKER_00]: I mean, maybe, so like next time when people feel foam, oh, they're going to be like, oh, remember we sang, remember we sang back street boys and they'll download Coinbase.
• 1:03:39
  [SPEAKER_00]: Like is that was that the angle?
• 1:03:40
  [SPEAKER_00]: Maybe I'm crazy.
• 1:03:42
  [SPEAKER_00]: But yeah, I didn't.
• 1:03:44
  [SPEAKER_00]: I don't know.
• 1:03:45
  [SPEAKER_00]: I just didn't think.
• 1:03:46
  [SPEAKER_00]: It got the awareness of the brand, but it was kind of in a negative way.
• 1:03:51
  [SPEAKER_00]: So when people think that they're going to laugh and be like, oh, remember we sang back street boys and then, you know, flipped off the TV because it was Coinbase?
• 1:03:57
  [SPEAKER_00]: I don't know if when Bitcoin goes back to 150k if they're going to be like,
• 1:04:02
  [SPEAKER_00]: Oh remember when we sang Backstreet Boys like let's download Coinbase and buy some Bitcoin I just I don't know that's my opinion.
• 1:04:07
  [SPEAKER_00]: That's my take.
• 1:04:08
  [SPEAKER_00]: I saw a lot of people Especially big time KOLs everybody loved it.
• 1:04:12
  [SPEAKER_00]: It was great.
• 1:04:13
  [SPEAKER_00]: It was so fun To be real it was the second best Backstreet Boys add to the Super Bowl.
• 1:04:18
  [SPEAKER_00]: T Mobile had the first one.
• 1:04:19
  [SPEAKER_00]: They had the real You know the backstreet Boys in person.
• 1:04:22
  [SPEAKER_00]: So it wasn't even the best Backstreet Boys I had But uh a little fun a little fun man there
• 1:04:28
  [SPEAKER_01]: Yeah, I mean, I guess I guess it all gets back to is there's no such thing as bad publicity sort of thing and you and I spent five six eight minutes talking about Coinbase and Coinbase commercial so there's a couple of different ways to skin the cat there, but.
• 1:04:43
  [SPEAKER_01]: I think the biggest takeaway from that is to fade the public coming from the prediction market degenerate gable in me.
• 1:04:50
  [SPEAKER_01]: Fage in Cramer to fade the public and you probably do okay.
• 1:04:55
  [SPEAKER_01]: So that's that's kind of a bottom signal if you ask me, but you know, okay, it spins on spin zone spin zone spin zone ready.
• 1:05:04
  [SPEAKER_00]: What's that?
• 1:05:05
  [SPEAKER_00]: I listen spin zone.
• 1:05:06
  [SPEAKER_00]: It was market research for Coinbase.
• 1:05:10
  [SPEAKER_00]: That's what it was.
• 1:05:12
  [SPEAKER_00]: They know it wasn't to try to know.
• 1:05:13
  [SPEAKER_00]: But there it was.
• 1:05:15
  [SPEAKER_00]: It was market research.
• 1:05:17
  [SPEAKER_00]: It was a, you know, a 60.
• 1:05:19
  [SPEAKER_00]: I mean, and it gets to caught, you know, the cost of the ad was really cheap.
• 1:05:23
  [SPEAKER_00]: Well, besides, I don't know what they have to write a check for, uh, write a check for the backstreet boys.
• 1:05:28
  [SPEAKER_00]: But I'm sure Brian Armstrong got like a private concert or something.
• 1:05:31
  [SPEAKER_00]: Got the IP tickets at the sphere.
• 1:05:33
  [SPEAKER_00]: It was included in that contract.
• 1:05:34
  [SPEAKER_00]: So he doesn't mind.
• 1:05:36
  [SPEAKER_00]: But yeah, you know, maybe it was just market research.
• 1:05:38
  [SPEAKER_00]: I'm going to put it on the chart.
• 1:05:39
  [SPEAKER_00]: I'll have Brendan put the Coinbase Super Bowl add on the chart where everybody was out of their mind flipping off the TV and then yeah, it could be definitely a fade retail bottom any any final thoughts, Brian, if there's any questions, throw them in the chat.
• 1:05:53
  [SPEAKER_00]: London has no idea about the Super Bowl.
• 1:05:56
  [SPEAKER_00]: That's not true.
• 1:05:57
  [SPEAKER_00]: Come on, we love.
• 1:05:58
  [SPEAKER_00]: We love the Premier League over here.
• 1:06:00
  [SPEAKER_00]: There's a lot of people that love the Super Bowl over in London.
• 1:06:04
  [SPEAKER_00]: Where do they play?
• 1:06:05
  [SPEAKER_00]: What stadium do they play in?
• 1:06:06
  [SPEAKER_00]: Wembley.
• 1:06:07
  [SPEAKER_00]: I mean, Wembley sells out every year when the jags go over there.
• 1:06:12
  [SPEAKER_01]: Yeah, I would just get say, I don't we push in the NFL pretty hard on London right now.
• 1:06:16
  [SPEAKER_01]: That's like that's everywhere.
• 1:06:17
  [SPEAKER_00]: I think this on a France next year, Germany, Brazil, there's a there's a Australian game.
• 1:06:23
  [SPEAKER_00]: I think it's unbelievable.
• 1:06:25
  [SPEAKER_00]: We got some any any questions from the chat if toss them in there.
• 1:06:30
  [SPEAKER_00]: If not, we'll wrap up Brian any final thoughts.
• 1:06:33
  [SPEAKER_00]: Superbowl quad god anything.
• 1:06:36
  [SPEAKER_01]: What got me what got me can you do some research for that, maybe I will I'll bring it on next week I'll be where my money jacket if I find it because how can you fade the guy that's called the quad god and he does figure skating
• 1:06:53
  [SPEAKER_01]: No, my final thoughts are things are going to be okay.
• 1:06:57
  [SPEAKER_01]: They really are it's going to be gross for a little while like I said at the beginning We've got to put a big boy pants on, but it's all going to absolutely pay off in the future and I don't think the future is that far off again It's not like a week or two away, but it's it's not we're not years away or anything along those lines
• 1:07:12
  [SPEAKER_01]: This is huge opportunities and I put my money where my mouth is and and not only the the majors might be go the majors might be going down there's still some opportunity in the space as well with this whole AI crypto integration and and the world that's happening so you need to absolutely be paying attention in everybody that I refer over to like when they want to learn more about crypto.
• 1:07:35
  [SPEAKER_01]: So they just keep limiting the Texas coming to me.
• 1:07:39
  [SPEAKER_01]: I send them to the rundown.
• 1:07:40
  [SPEAKER_01]: I think the rundown is one of the best shows I just golfing with some buddies on over the weekend and my buddy Redbird shout out if you're listening was Kind of asking me about the market.
• 1:07:50
  [SPEAKER_01]: I was like obviously you didn't tune in on Friday and it goes what and I sent him the link I go you listen to this and then you come with your questions.
• 1:07:59
  [SPEAKER_01]: He sends me a message last night It goes no questions
• 1:08:07
  [SPEAKER_00]: And he didn't know what Redbird's warm water is.
• 1:08:09
  [SPEAKER_00]: That's where his water is.
• 1:08:11
  [SPEAKER_01]: He's actually an X NHL player.
• 1:08:14
  [SPEAKER_01]: I didn't want to call him out.
• 1:08:15
  [SPEAKER_01]: So, real name is actually X NHL player.
• 1:08:18
  [SPEAKER_01]: Great dude.
• 1:08:20
  [SPEAKER_00]: Oh, yeah.
• 1:08:21
  [SPEAKER_00]: Well, that's that's all for us today, everybody.
• 1:08:22
  [SPEAKER_00]: One final call if you want that early access to the, you know, the gems that Brian and Joe are finding even, you know, in the markets down like the hyper liquids or the meme coins that are running, there's a dollar trial for momentum money makers and the link, please give it a try.
• 1:08:35
  [SPEAKER_00]: If not, the least you could do, give us a thumbs up, bottom right, hit the logo, and subscribe.
• 1:08:39
  [SPEAKER_00]: We really appreciate everybody tuning in.
• 1:08:41
  [SPEAKER_00]: We love doing the run down clearly, and our in eight minutes folks, that might be a record for a bear market episode.
• 1:08:48
  [SPEAKER_00]: And that just kind of shows how we really feel about this.
• 1:08:51
  [SPEAKER_00]: We're not going anywhere.
• 1:08:52
  [SPEAKER_00]: We love doing the content.
• 1:08:53
  [SPEAKER_00]: We truly believe in the space and the run down.
• 1:08:56
  [SPEAKER_00]: And the crypto 101 podcast and crypto nation is the best place to get all the information, education, and community that you need.
• 1:09:04
  [SPEAKER_00]: to not only survive the bear market, but thrive on the way back up when we do hit there.
• 1:09:09
  [SPEAKER_00]: That's going to be all for us today.
• 1:09:10
  [SPEAKER_00]: It is Wednesday.
• 1:09:10
  [SPEAKER_00]: We'll be back on Friday with Brendan and we'll be back forever because we're here and we love you guys.
• 1:09:16
  [SPEAKER_00]: We really appreciate everybody tuning in.
• 1:09:18
  [SPEAKER_00]: Have a great rest of your day and we'll talk to you soon.
• 1:09:20
  [SPEAKER_00]: Bye bye everybody.