The Breakdown with David Gokhshtein #789: Crypto, Markets, AI, and Meme Economy

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AI. If we had not had AI, we would be $8 billion less. Five IPOs, none of them would have happened
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because I use the AI to design the securities and solve all the tax problems and all the
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securities law issues. You know, so like I'm a big believer in using AI to design
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new things. And look, I'm just, I focus upon digital credit and security, but there's
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someone there thinking about how to make the car drive and cure cancer and like,
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like, aren't there like 100 million problems that human race has to solve that
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we've, that you're like, well, you're gonna need a thousand people with PhD to solve
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that. Well, guess what? Now every 16 year old has a thousand PhDs at their
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fingertips. And so I'm very bullish the world's gonna be a much better place
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and we're gonna see an age of empowerment and abundance because of digital technology.
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People are greedy when they also try to acquire gold. Not really. I mean, people
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who buy gold are trying to preserve. Centuries, we have centuries of people
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being greedy to go ahead and acquire gold. Well, no, well, you're talking
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about to acquire wealth. Yes, people are greedy in that they want, they want
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more things and there's nothing wrong with that. But when they're converting what
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they've earned into gold, that's not the green part. That's the preservation
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part. I've earned all this money because I was greedy. Now I don't want to lose
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it. I want to store it so I can use it later. I don't want to blow it all
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right now. I want to hold on to it and, you know, gold is a way to do
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that. You can't really do that in a fiat currency that's just being
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printed, you know, into oblivion. So, but, but, but, you know, the greed is in
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the speculative frenzy that accompanies Bitcoin. They tell me that I'm the
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reason they owe Bitcoin because they listened to me years ago about
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economics, about sound money and, you know, and the Fed and inflation and
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I'm the one that got them. Plus, there's a lot of unique technology in
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midnight that's gonna make the use of Cardinals safer. Like midnight
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password will be the fastest safest and we just way to use Cardinals. So, we
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gain all the usability and enhancement. So, plus I'd argue midnight is an
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essential component for business. Bitcoin, when you look at that side of it,
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you're like, okay, Bitcoin users, they want privacy. So, Cardinals could do a
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lot of the heavy lifting on the programming side, but what if the
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private coordination layer is just all that? So, we're actually working on
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this token, our Bitcoin DeFi setup, what we call it, the circle. So, you
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start with Bitcoin and Caproot. I'm gonna put different Bitcoins in my own
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money and it'll just prove it to you that it works. But you start with
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Caproot and Bitcoin. You lend it to stablecoins. So, that'll occur on
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Cardinals through a specialized transaction through these token
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bridge. And then that stablecoin would then be deployed into a yield
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bearing instrument. And then as you make yield, the yield is converted
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to Bitcoins. And then it's sent to your Caproot. And then midnight
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coordinates all of it. So, you have like all three networks working
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together. And you have this circle and it's in the Bitcoin
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users perspective. You just give them a button to make money and click
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the button. And then it locks their Bitcoin. They just start
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generating a yield. The security actually entered the Caproot on
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the Bitcoin network. So, it meets my three rules that I
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have for Bitcoin DeFi. One, there's only Bitcoin. No other
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token. Bitcoin is better money than he had, obviously. It's also
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better money than gold. I believe it's the best form of
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money that humans have ever come across. Money being good, being
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that it's inflation proof. No one's no single person, company
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or government can print more money. Can print money in an
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exciting way the money you're holding is storing. That's
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kind of one of the key things about money is if you work
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hard to make money, you don't want that money to kind of
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disappear of a time, not from your own business. So, that's key
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in Bitcoin and Litecoin. And most quickly, for instance, it is
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able to do that. I can have the argument that real estate is
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better than your coin. For a number of reasons, by the way,
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depending on who you are, your audience will probably
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disagree because they're probably a bunch of people who have
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Bitcoin maximalists that don't have as much Bitcoin as the
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real estate guy. No, I'll tell you right now. Hold on one
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second. See, that's the funny thing, dude. That's me and my
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brother were talking about this yesterday. You know, the guys
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that know the most seem to have the least 100% that that I
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can probably agree with you on it should be a bigger issue
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within the crypto system and the ecosystem. What do you
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think? I think it will be I think privacy is going to be
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the new if you want, in my view, and this is what I'm
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tasking the investment professionals at Maelstrom to
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sort of figure out. I think that the standout shitcoin or
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you know, huge shitcoins of 2026 to 2028 will be related to
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some way shape or form to privacy. We already saw the
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you know, amazing move of Zcash over the last few months.
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Yes, it's down 50% from the 780 high. But I think again,
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my goal is, you know, my mental mileage 10 to 20%
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value is a bit less. So much higher than where it is today. But
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you know, taking away Zcash, what is the token projects or
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protocol that's going to utilize some privacy
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technology, probably some of the Zks or knowledge proofs to
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do something with it that's quantum resistance, you
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know, the overlords can't be anonymized data or doing
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whatever it is, right? These are the things that we're
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really afraid of, of what bad things that could happen with
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this proliferation of this tactic, the government.
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Trump getting elected and knowing that we share friends in
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the White House for all the populist parties of Europe who
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are under attack. Every single populist leader, if you look
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at the leaders, and my last documentary was called
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silence for 18 months in prison for my last
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document, the reason I added it is because the
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documentary is so bigger than me. It's exactly what
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they're doing. Lawfare has been weighed against, if you go
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through, I picked on you, the leader that the Dutch pie,
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pick Marie Le Pen, any politician in Europe, anyone,
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anyone who has stood up and tried to speak against
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immigration and you will see a history. Matteo
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Salvini, I was with him two days ago, the Deputy
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Prime Minister of Italy was prosecuted in 2020. They
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said he couldn't act because he stopped the vote
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because he was prosecuted in 2021. He was in charge of
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a crime. The process is the punishment. Every political
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leader who's tried to stop was charged. You saw what they
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done to Bannon. You saw what they done to that stone. You
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saw what they're trying to do to Trump. That's happening
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across the board. It's the reasons of their
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paternity state. But I think it's probably then
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because the elected government, I'm very optimistic about
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the future. More, it's not because they're not
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in charge, it's more because they're not
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public awareness. Public awareness.
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The other thing about it?
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What first got you excited about blockchains? Think about
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it. Oh wait. I bet it wasn't multimillion dollar
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hacks, exposed data or finding somewhere safe to
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store your seed phrase, was it? Maybe it was the
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idea of centralizing a broken financial system.
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Maybe it was imagined in a world where people own their own data and get to sharing the value it creates.
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Or maybe it was a promise of a fundamentally better way of connecting, communicating and transacting.
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The next phase of the internet that empowers us instead of exploiting us.
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So why hasn't that happened yet?
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Why are we still living with the same broken system that Blockchains promised to fix?
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It's because Blockchains can't keep a secret.
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Enabling open transparent systems was only the first half of the challenge.
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For Blockchains to really change the world, they also have to be able to protect our sensitive data when it matters.
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And that's where we build midnight.
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To bring down the final barrier to mass adoption and unlock the full potential of the decentralized web.
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Let's build the internet we deserve.
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Together.
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Ladies and gentlemen, we all know this encrypt of ownership matters.
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That's why Cake Wallet.
00:08:52.850 --> 00:08:55.850
Cake Wallet gives you full control of your digital assets.
00:08:55.850 --> 00:08:57.850
All in one easy to use application.
00:08:57.850 --> 00:09:04.850
You can store Bitcoin, Litecoin, ZCash, Monero and many more with just one secure backup.
00:09:04.850 --> 00:09:06.850
Swap between coins in seconds.
00:09:06.850 --> 00:09:09.850
No copying addresses, no complicated steps.
00:09:09.850 --> 00:09:12.850
And even includes Bitcoin Lightning for faster payments.
00:09:12.850 --> 00:09:17.850
And with Cake Wallet built in, you can use crypto in real life through debit cards or gift cards.
00:09:17.850 --> 00:09:23.850
Simple, secure, self-custody, download Cake Wallet and take control of your crypto.
00:09:23.850 --> 00:09:51.160
News. There is an astronaut conducting an emergency repair on a global communications satellite that could go dark at any moment.
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We have a second eagle on this.
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Is that guy on FOMO?
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Probably.
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He's pushing for a crazy trade.
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Yeah, let's get back to it everybody.
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The big issue is that by it's in the room, the satellite has been restored.
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The crisis appears.
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There we go.
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United States of America representative.
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Socialism and communism does not work.
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Digital assets.
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Is it better to move money at the speed of light?
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Do other people agree when they also try to acquire gold?
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I am here providing electricity and that energy that is necessary.
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I am the modern day Tony Starrs.
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Who the hell is this?
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Uh-uh.
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Who the hell is this?
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Page of me at 5.
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36 in the morning.
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Krakadon.
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And now I'm yawning.
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Oh, it feels good.
00:12:01.910 --> 00:12:02.910
It feels good.
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It feels good.
00:12:03.910 --> 00:12:07.910
Anyway, welcome to the breakdown episode 789.
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I tried 789.
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Sponsored by Midnight.
00:12:12.910 --> 00:12:15.910
Midnight, one of the top protocols out here.
00:12:15.910 --> 00:12:20.910
By the way, if Zcash is sending, what do you think happens with Midnight?
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Yes, I know it's a sponsored show.
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And nothing here that said here is financial advice.
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But I'm just saying if Zcash is sending, what do you think happens with Midnight?
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That's all I'm saying.
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Privacy smart contracts.
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I don't know.
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The only one in the game.
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Polymarket, the official prediction market sponsor of the breakdown.
00:12:48.770 --> 00:12:50.770
Of the breakdown.
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We'll go ahead and get into some of the things that are on Polymarket today
00:12:54.770 --> 00:12:56.770
throughout the show.
00:12:56.770 --> 00:12:59.770
Also, cake wallet, one of the most secure wallets in our industry,
00:12:59.770 --> 00:13:02.770
built by Vic and his entire team for years,
00:13:02.770 --> 00:13:05.770
building one of the most secure wallets out there.
00:13:05.770 --> 00:13:10.770
If you want to hold your Bitcoin, Litecoin, Zcash, Monero on a secure wallet,
00:13:10.770 --> 00:13:13.770
you will hold it on cake wallet.
00:13:13.770 --> 00:13:14.770
Oh my God.
00:13:14.770 --> 00:13:16.770
That is, that needs to be trademarked.
00:13:16.770 --> 00:13:17.770
Okay.
00:13:17.770 --> 00:13:19.770
That needs to be trademarked.
00:13:20.770 --> 00:13:22.770
I'm, this is episode.
00:13:22.770 --> 00:13:23.770
Yeah.
00:13:23.770 --> 00:13:24.770
Yeah.
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I've been, yeah.
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Anyway, anyway, also FOMO, FOMO, FOMO.
00:13:32.770 --> 00:13:33.770
Okay.
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You can follow me on FOMO.family.
00:13:37.770 --> 00:13:38.770
That's it.
00:13:38.770 --> 00:13:41.770
You can follow my, me coming out.
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And by the way, like I said yesterday,
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I'm only going into things that are two million and above.
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And you'll see that on FOMO.
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I ain't going to go into things at 13K, 20K,
00:13:55.770 --> 00:13:57.770
so you guys can dunk on my head.
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That ain't happening.
00:13:59.770 --> 00:14:01.770
That is not happening.
00:14:01.770 --> 00:14:04.770
We had this discussion yesterday and I won't go through it.
00:14:04.770 --> 00:14:08.770
By the way, John will be on this program today at 1.15pm
00:14:08.770 --> 00:14:09.770
Eastern Standard Time.
00:14:09.770 --> 00:14:10.770
We'll go ahead and chat it up.
00:14:10.770 --> 00:14:12.770
We'll have Landy on for 10, 15 minutes.
00:14:12.770 --> 00:14:14.770
We'll chat it up with him as well.
00:14:14.770 --> 00:14:15.770
Yes.
00:14:15.770 --> 00:14:16.770
Yes.
00:14:16.770 --> 00:14:18.770
I got my haircut.
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That's right.
00:14:19.770 --> 00:14:24.770
I am feeling, I am feeling fresh to death.
00:14:24.770 --> 00:14:29.010
That's right.
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Finally.
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Finally.
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Finally.
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I don't look homeless.
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Finally.
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Though, you know, I'm saying the homeless thing.
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I kind of, I was fucking with it.
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I ain't going to say that.
00:14:47.150 --> 00:14:49.150
I like the, anyway.
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All right.
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Let's look at the markets.
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Let's see what's happening with the market.
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I'm stupid sometimes.
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I'm stupid.
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I'm really, I can get stupid.
00:14:59.150 --> 00:15:00.150
All right.
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Let's look at the markets.
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Let me share the goddamn screen here.
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Where is the share a screen?
00:15:07.150 --> 00:15:08.150
There we go.
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Oh, no.
00:15:09.150 --> 00:15:10.150
I was going to share the wrong screen.
00:15:10.150 --> 00:15:11.150
All right.
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Here we go.
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Three point, basically $3 trillion market cap.
00:15:15.150 --> 00:15:17.150
Shout out to you guys.
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Enjoy the green.
00:15:19.150 --> 00:15:26.080
Somebody said I make homeless look good.
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I make anything look good.
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I make anything fucking look good.
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And everybody knows that my haters know that too.
00:15:36.080 --> 00:15:38.080
My haters will never attack me for my looks.
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I just want y'all to know that my haters can never attack me for my looks.
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So it's a loot.
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It's like, bro, like attack them for something else or make something else up, bro.
00:15:48.080 --> 00:15:50.080
Like you can't go after his looks.
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Anyway, $3 trillion market cap.
00:15:52.080 --> 00:15:54.080
That's where we stand today.
00:15:54.080 --> 00:15:57.080
Let's look at what Bitcoin is doing out here.
00:15:57.080 --> 00:15:59.080
86,119.
00:15:59.080 --> 00:16:01.080
Ethereum is over 2,700.
00:16:01.080 --> 00:16:03.080
Nice to see that.
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BNB is at 785.
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Let's look at the heat map.
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All right.
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Again, it's just numbers from yesterday, essentially then near protocol.
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It's up 9%.
00:16:13.080 --> 00:16:14.080
Beat.
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Oh my God.
00:16:15.080 --> 00:16:17.080
Bitcoin cash is up.
00:16:17.080 --> 00:16:19.080
Speaking of Bitcoin, we'll talk about Bitcoin.
00:16:19.080 --> 00:16:20.080
All right.
00:16:20.080 --> 00:16:21.080
Satoshi.
00:16:21.080 --> 00:16:23.080
We'll talk about some Satoshi.
00:16:23.080 --> 00:16:24.080
Okay.
00:16:24.080 --> 00:16:27.080
XRP 4.4%.
00:16:27.080 --> 00:16:28.080
It is up.
00:16:28.080 --> 00:16:30.080
What is what else is up?
00:16:30.080 --> 00:16:32.080
Tao is up 7.6%.
00:16:32.080 --> 00:16:34.080
I like Tao a lot.
00:16:34.080 --> 00:16:35.080
What else?
00:16:35.080 --> 00:16:36.080
What's in the red?
00:16:36.080 --> 00:16:40.080
But Solana's a little nice even though.
00:16:40.080 --> 00:16:42.080
Ethereum's hype is up.
00:16:42.080 --> 00:16:43.080
Link, come on.
00:16:43.080 --> 00:16:45.080
Chainlink got to do something for me, man.
00:16:45.080 --> 00:16:46.080
Dance for me, baby.
00:16:46.080 --> 00:16:48.080
Dance for me.
00:16:48.080 --> 00:16:49.080
Dance for me.
00:16:49.080 --> 00:16:50.080
H-bars up.
00:16:50.080 --> 00:16:52.080
Doge is up.
00:16:52.080 --> 00:16:54.080
Cardano is up.
00:16:54.080 --> 00:16:57.080
So look, I mean, it's looking fine.
00:16:57.080 --> 00:16:58.080
It's looking fine.
00:16:58.080 --> 00:16:59.080
Enjoy the week.
00:16:59.080 --> 00:17:00.080
Enjoy the week.
00:17:00.080 --> 00:17:02.080
That's all I can say.
00:17:02.080 --> 00:17:03.080
Enjoy the week.
00:17:03.080 --> 00:17:05.080
Have fun.
00:17:05.080 --> 00:17:06.080
Have fun.
00:17:06.080 --> 00:17:11.080
And by the way, if you ain't sharing the live show on YouTube,
00:17:11.080 --> 00:17:15.080
on TikTok, if you ain't hard on it on TikTok, I don't like you
00:17:15.080 --> 00:17:16.080
already.
00:17:16.080 --> 00:17:19.080
If you're not resharing it on X and like I told you guys
00:17:19.080 --> 00:17:22.080
yesterday, we are moving over to YouTube just because there is
00:17:22.080 --> 00:17:23.080
a bigger audience.
00:17:23.080 --> 00:17:27.080
And I shall have Instagram and Facebook working today.
00:17:27.080 --> 00:17:31.080
So we will be on way more platforms streaming and you will
00:17:32.080 --> 00:17:35.080
see the show 12 p.m. to 2 p.m.
00:17:35.080 --> 00:17:39.080
Eastern time every single day, Monday through Friday.
00:17:39.080 --> 00:17:40.080
That's right.
00:17:40.080 --> 00:17:43.080
And we have two shows coming as well, crypto and politics.
00:17:43.080 --> 00:17:46.080
Or I should say with the politic thing, it's more trending
00:17:46.080 --> 00:17:48.080
politics with things mixed in.
00:17:48.080 --> 00:17:50.080
But crypto have its own shore.
00:17:50.080 --> 00:17:53.080
We'll talk about crypto on this show, of course, but it
00:17:53.080 --> 00:17:54.080
should be fun.
00:17:54.080 --> 00:17:57.080
It should be absolutely fun.
00:17:57.080 --> 00:17:59.080
All right.
00:17:59.080 --> 00:18:00.080
All right.
00:18:01.080 --> 00:18:02.080
I'm feeling a sort of way.
00:18:02.080 --> 00:18:05.080
I am feeling, I'm feeling a sort of way right now.
00:18:05.080 --> 00:18:07.080
Feeling some sort of way.
00:18:11.080 --> 00:18:17.080
And by the way, we will have John on today.
00:18:17.080 --> 00:18:22.080
And even though they used an old logo from Gokstein,
00:18:22.080 --> 00:18:25.080
that's like the Gokstein magazine logo.
00:18:25.080 --> 00:18:28.080
How they found that, I have no idea.
00:18:28.080 --> 00:18:31.080
But shout out to John Natal.
00:18:31.080 --> 00:18:35.080
We will, I will, I will potentially be speaking at the
00:18:35.080 --> 00:18:36.080
conference.
00:18:36.080 --> 00:18:37.080
That's right.
00:18:37.080 --> 00:18:38.080
I'll be, why am I on this one?
00:18:38.080 --> 00:18:39.080
Not this one.
00:18:39.080 --> 00:18:40.080
This one.
00:18:40.080 --> 00:18:41.080
There you go.
00:18:41.080 --> 00:18:44.080
I'll be speaking at this conference on October.
00:18:44.080 --> 00:18:46.080
I'll be speaking with Grant Cardone.
00:18:46.080 --> 00:18:49.080
You got a bunch of, you got a bunch of big time figures
00:18:49.080 --> 00:18:50.080
here, man.
00:18:50.080 --> 00:18:53.080
Be speaking out there, talking about crypto, blockchain,
00:18:53.080 --> 00:18:55.080
whatever, finance.
00:18:55.080 --> 00:18:56.080
It should be a fun time.
00:18:56.080 --> 00:18:57.080
This is in Vegas.
00:18:57.080 --> 00:19:02.080
You can go ahead and join us at RebelCon 2026,
00:19:02.080 --> 00:19:09.080
30% off, if you use, if you use this form,
00:19:09.080 --> 00:19:12.080
this link, which I'll put out there onto the
00:19:12.080 --> 00:19:16.080
Gokstein media website and also at DavidGokstein.com.
00:19:16.080 --> 00:19:18.080
So that should be fun.
00:19:18.080 --> 00:19:20.080
Reserve your spot now.
00:19:20.080 --> 00:19:23.080
So you can see, you can see the big hitters,
00:19:23.080 --> 00:19:28.080
including myself, including myself talk today.
00:19:28.080 --> 00:19:31.080
He will be on again at 1.15 PM Eastern Standard Time.
00:19:31.080 --> 00:19:34.080
Me and him will go ahead and chop it up.
00:19:34.080 --> 00:19:35.080
So there you go.
00:19:35.080 --> 00:19:36.080
Yeah.
00:19:36.080 --> 00:19:39.080
Big things, big things, working on a lot of big things.
00:19:39.080 --> 00:19:42.080
Listen, y'all already know the story, man.
00:19:42.080 --> 00:19:44.080
I'm training really hard.
00:19:44.080 --> 00:19:48.080
All of a sudden I get this fucking, I don't know who
00:19:48.080 --> 00:19:51.080
prayed for my downfall and shit, but I get this
00:19:51.080 --> 00:19:52.080
ear injury.
00:19:52.080 --> 00:19:54.080
I'm sidelined for eight weeks.
00:19:54.080 --> 00:19:55.080
I'm taking steroids.
00:19:55.080 --> 00:19:56.080
Okay.
00:19:56.080 --> 00:19:57.080
Not those kinds of steroids.
00:19:57.080 --> 00:19:58.080
I'm taking these wicked ass.
00:19:58.080 --> 00:20:00.080
I don't know what the fuck this.
00:20:00.080 --> 00:20:02.080
I hate medication in general.
00:20:02.080 --> 00:20:03.080
Okay.
00:20:03.080 --> 00:20:05.080
I never take anything.
00:20:05.080 --> 00:20:07.080
I had to take this.
00:20:07.080 --> 00:20:09.080
I'm out for like 16 days of this shit.
00:20:09.080 --> 00:20:11.080
I'm all I am.
00:20:11.080 --> 00:20:13.080
And I'm still doing the show.
00:20:13.080 --> 00:20:14.080
Okay.
00:20:14.080 --> 00:20:19.610
And now I'm feeling like I'm finally getting my
00:20:19.610 --> 00:20:25.540
energy back.
00:20:25.540 --> 00:20:27.540
I swear to God, karma hits anybody wishing me
00:20:27.540 --> 00:20:28.540
bad.
00:20:28.540 --> 00:20:29.540
I swear to God.
00:20:29.540 --> 00:20:31.540
You know, I leave that in God's hands and karma,
00:20:31.540 --> 00:20:32.540
man.
00:20:32.540 --> 00:20:34.540
Some fucked up shit.
00:20:34.540 --> 00:20:36.540
Fucked up shit.
00:20:36.540 --> 00:20:37.540
Yeah.
00:20:37.540 --> 00:20:39.540
Like you motherfucking just said, Stein, you don't
00:20:39.540 --> 00:20:40.540
fade a Stein.
00:20:40.540 --> 00:20:41.540
You want to fade me?
00:20:41.540 --> 00:20:43.540
You fade money.
00:20:43.540 --> 00:20:45.540
Somebody play 50 cents.
00:20:45.540 --> 00:20:48.540
I get money, money all the time.
00:20:48.540 --> 00:20:49.540
I get anyway.
00:20:49.540 --> 00:20:52.540
Let's bring in Landy for 10 to 15 minutes
00:20:52.540 --> 00:20:53.540
here.
00:20:53.540 --> 00:20:54.540
Landy, good morning to you.
00:20:54.540 --> 00:20:56.540
What's going on, man?
00:20:56.540 --> 00:20:57.540
Good morning.
00:20:57.540 --> 00:21:00.540
Well, I'm I'm excited to hear that you've got
00:21:00.540 --> 00:21:02.540
the Johns coming on.
00:21:02.540 --> 00:21:05.540
So yes, John will be on at 115 today.
00:21:05.540 --> 00:21:07.540
That's awesome, man.
00:21:07.540 --> 00:21:09.540
I had a chance to talk to him not that long ago.
00:21:09.540 --> 00:21:12.540
So I think you should you should be having a
00:21:12.540 --> 00:21:14.540
good conversation, right?
00:21:14.540 --> 00:21:16.540
Yeah, I had plenty of conversations with them
00:21:16.540 --> 00:21:18.540
in the past on the on the round table,
00:21:18.540 --> 00:21:21.540
which is located on the street.
00:21:21.540 --> 00:21:23.540
And they've been good conversations.
00:21:23.540 --> 00:21:25.540
He knows the shit.
00:21:25.540 --> 00:21:27.540
Yes, he does.
00:21:27.540 --> 00:21:28.540
So what's going on?
00:21:28.540 --> 00:21:30.540
How the markets looking to you?
00:21:30.540 --> 00:21:32.540
I mean, it looks good.
00:21:32.540 --> 00:21:34.540
You know, Bitcoin kind of hit a stopping point
00:21:34.540 --> 00:21:36.540
right at a major weekly, you know, talked about that
00:21:36.540 --> 00:21:39.540
with you and talked about that with the audience
00:21:39.540 --> 00:21:43.540
many, many times here above 82 and a half to 83.
00:21:43.540 --> 00:21:45.540
You know, 84 to 86 is kind of the zone that
00:21:45.540 --> 00:21:47.540
you want to see Bitcoin hold up for potential
00:21:47.540 --> 00:21:50.540
further upside in the more immediate future.
00:21:50.540 --> 00:21:54.540
You've got Ethereum, you know, kind of
00:21:54.540 --> 00:21:57.540
hanging out in the zone.
00:21:57.540 --> 00:22:00.540
Just tagged 2800 yesterday.
00:22:00.540 --> 00:22:02.540
You want to see it for more immediate upside.
00:22:02.540 --> 00:22:06.540
You want to see it holding around the $2,600 level.
00:22:06.540 --> 00:22:10.540
But Bitcoin, even on a pullback to like 80K is fine.
00:22:10.540 --> 00:22:12.540
I'd like to see it above there,
00:22:12.540 --> 00:22:14.540
even if it does do like a daily pullback,
00:22:14.540 --> 00:22:17.540
but you know, just enjoy the ride to the upside.
00:22:17.540 --> 00:22:22.540
This is a pretty darn big area of interest as well.
00:22:22.540 --> 00:22:25.540
And that's what Bitcoin and all the majors are doing in crypto
00:22:25.540 --> 00:22:27.540
is they're moving from one major, you know,
00:22:27.540 --> 00:22:32.540
monthly, weekly, high timeframe level of interest to another.
00:22:32.540 --> 00:22:35.540
And you just want to, you know, so it's to be expected
00:22:35.540 --> 00:22:39.540
to see price kind of stall out in and around here.
00:22:39.540 --> 00:22:42.540
And if it does continue through some of these areas,
00:22:42.540 --> 00:22:45.540
I think we'll have some fun for Bitcoin into,
00:22:45.540 --> 00:22:48.540
you know, 88 to 90 potentially even, you know,
00:22:48.540 --> 00:22:50.540
mid to low 90s.
00:22:50.540 --> 00:22:54.540
But I would be, I would exercise caution in and around these areas
00:22:54.540 --> 00:23:00.540
if you are on the long side and just kind of, you know, wait, watch.
00:23:00.540 --> 00:23:04.540
And if we do start to see any kind of daily retrace in markets,
00:23:04.540 --> 00:23:08.540
just pay close attention to where it retraces to.
00:23:08.540 --> 00:23:10.540
Yeah, no, I mean, it's been fun.
00:23:10.540 --> 00:23:13.540
Even traditional markets had a nice pop up and gap up yesterday.
00:23:13.540 --> 00:23:16.540
So, you know, filling in a little bit of that on the
00:23:16.540 --> 00:23:19.540
traditional market side to be expected.
00:23:19.540 --> 00:23:24.540
Oil prices, you know, we hit some very key levels for like spy
00:23:24.540 --> 00:23:28.540
and some other areas of interest there.
00:23:28.540 --> 00:23:31.540
But oil prices is what everybody's watching,
00:23:31.540 --> 00:23:34.540
considering, you know, what's going on in the commodities markets
00:23:34.540 --> 00:23:40.540
and energy markets as it relates to some of the,
00:23:40.540 --> 00:23:43.540
not even I ran at this point.
00:23:43.540 --> 00:23:46.540
It's some of the stuff that's happening in the Red Sea.
00:23:46.540 --> 00:23:51.540
And then, you know, what a lot of people aren't paying attention to,
00:23:51.540 --> 00:23:55.540
and that's what's happening between Russia and Ukraine as it comes,
00:23:55.540 --> 00:23:57.540
when it comes to energy.
00:23:57.540 --> 00:24:02.540
So a lot of refinery capacity has been destroyed in Russia
00:24:02.540 --> 00:24:04.540
and it does make its way to the global markets.
00:24:04.540 --> 00:24:06.540
A lot of people don't understand that.
00:24:06.540 --> 00:24:08.540
It's not, they're not completely cut off.
00:24:08.540 --> 00:24:13.540
They, so it is assisting in the possibility that we see
00:24:13.540 --> 00:24:16.540
another run up, but oil is down.
00:24:16.540 --> 00:24:21.540
And it's coming into some pretty important areas for WTI.
00:24:21.540 --> 00:24:25.540
Oil, which is what's relevant to us here in the United States.
00:24:25.540 --> 00:24:30.540
And even Brent and some other oil, but in this case WTI has kind of
00:24:30.540 --> 00:24:33.540
touched off of that 88 to 90 area.
00:24:33.540 --> 00:24:37.540
If it does break down, we can start to look a little bit lower.
00:24:37.540 --> 00:24:39.540
And hopefully we start to see that reflected through,
00:24:39.540 --> 00:24:42.540
but it's not going to have too much effect on diesel.
00:24:43.540 --> 00:24:50.540
So, you know, there is some diesel coming into port.
00:24:50.540 --> 00:24:53.540
We'll see if that starts to provide some relief,
00:24:53.540 --> 00:24:55.540
but there's still very high demand.
00:24:55.540 --> 00:25:00.540
So that kind of pushes prices up across the entire supply chain globally.
00:25:00.540 --> 00:25:05.540
But oil coming down, you want to see it, if it does bounce from here,
00:25:05.540 --> 00:25:08.540
you want to see it, you know, getting some lower highs
00:25:08.540 --> 00:25:11.540
and then kind of see where it comes from there.
00:25:11.540 --> 00:25:14.540
Otherwise, it's still in a higher low position
00:25:14.540 --> 00:25:21.540
and a rally off of these levels is not unforeseeable.
00:25:21.540 --> 00:25:26.540
I would just pay very close attention to this area right around 88 to 90.
00:25:26.540 --> 00:25:29.540
If it does hold up, I would expect oil to start pushing back
00:25:29.540 --> 00:25:32.540
into the low 90s, mid 90s, and maybe even go for the highs,
00:25:32.540 --> 00:25:39.540
the local highs again, above 100 to that $107, $108 range.
00:25:39.540 --> 00:25:43.540
But I do believe that if it does make its way up there
00:25:43.540 --> 00:25:48.540
and rejects again that we start to see some more consolidation.
00:25:48.540 --> 00:25:52.540
If it doesn't be prepared because it's going to be a lot of talk
00:25:52.540 --> 00:25:55.540
about oil headed to the upside and a lot of higher prices.
00:25:55.540 --> 00:25:59.540
So this is kind of important to pay attention to just for folks
00:25:59.540 --> 00:26:05.540
in general as oil back above, you know, 100 bucks per barrel,
00:26:05.540 --> 00:26:08.540
about 100 to 102.
00:26:08.540 --> 00:26:12.540
You're looking at the highs, the local highs more recently
00:26:12.540 --> 00:26:16.540
and then higher to the actual big highs that we started to see
00:26:16.540 --> 00:26:20.540
at that 115, 120, and potentially even roping in 130.
00:26:20.540 --> 00:26:23.540
As it stands right now though, we're just waiting to see where
00:26:23.540 --> 00:26:26.540
bottoms, and I would like to see it break structure
00:26:26.540 --> 00:26:31.540
and it would do that for WTI below 88.72 on futures here.
00:26:31.540 --> 00:26:34.540
So that's what I'm waiting for because then there's
00:26:34.540 --> 00:26:37.540
more of a higher potential for it to lower high, meaning
00:26:37.540 --> 00:26:40.540
there's a lower cap or ceiling on oil and maybe we start
00:26:40.540 --> 00:26:42.540
to see some relief.
00:26:42.540 --> 00:26:45.540
As it stands right now, it's still in a very strong position.
00:26:45.540 --> 00:26:48.540
I'd like to see it in a little bit weaker position just
00:26:48.540 --> 00:26:51.540
for society in general.
00:26:51.540 --> 00:26:54.540
Listen, love oil, okay?
00:26:54.540 --> 00:26:56.540
Love you and your oil takes.
00:26:56.540 --> 00:26:58.540
I know you like putting baby oil on yourself and training
00:26:58.540 --> 00:26:59.540
oil.
00:26:59.540 --> 00:27:02.540
Yep, yep, me and Diddy, big oil traders.
00:27:02.540 --> 00:27:06.540
You know this entire, everybody who tunes into the show,
00:27:06.540 --> 00:27:08.540
they love hearing about baby oil.
00:27:08.540 --> 00:27:10.540
Yes, and Solana.
00:27:10.540 --> 00:27:13.540
They use a lot of baby oil over on Solana, I heard.
00:27:13.540 --> 00:27:20.540
Yeah, and speaking of Solana, I don't know, you were on yesterday, right?
00:27:20.540 --> 00:27:21.540
You were here with me.
00:27:21.540 --> 00:27:22.540
Yeah, we were talking about.
00:27:22.540 --> 00:27:25.540
One of my rant about people are trying to sabotage me
00:27:25.540 --> 00:27:27.540
and I don't really care no more.
00:27:27.540 --> 00:27:29.540
That was the last thing that I put out there,
00:27:29.540 --> 00:27:31.540
kind of like just a test to see.
00:27:31.540 --> 00:27:32.540
Yeah.
00:27:32.540 --> 00:27:37.540
But I think it's such a good narrative that maybe you would
00:27:37.540 --> 00:27:39.540
even appreciate this.
00:27:39.540 --> 00:27:44.980
This right here, it's, I think it went to like 120.
00:27:44.980 --> 00:27:45.980
It's the rune, right?
00:27:45.980 --> 00:27:48.980
Is this the rune that was on Solana?
00:27:48.980 --> 00:27:50.980
No, this is Satoshi, paired with Bitcoin.
00:27:50.980 --> 00:27:52.980
Yeah, no, this is a bridged rune.
00:27:52.980 --> 00:27:54.980
This is exactly the bridged rune.
00:27:54.980 --> 00:27:57.980
Satoshi Nakamoto, this is the rune that was bridged
00:27:57.980 --> 00:27:59.980
from Bitcoin to Solana.
00:28:00.980 --> 00:28:02.980
Yeah, this is it.
00:28:02.980 --> 00:28:03.980
Okay, I went into it.
00:28:03.980 --> 00:28:07.980
Listen, bro, I just went in because Satoshi and being
00:28:07.980 --> 00:28:10.980
appeared to Bitcoin made sense and I can get free Bitcoin.
00:28:10.980 --> 00:28:12.980
That's that's why I went into it.
00:28:12.980 --> 00:28:14.980
That is my thesis for you.
00:28:14.980 --> 00:28:15.980
Yeah, this is a rune.
00:28:15.980 --> 00:28:18.980
Yeah, so like, you know, you got dog, you've got Satoshi,
00:28:18.980 --> 00:28:20.980
you've got billion dollar cat.
00:28:20.980 --> 00:28:23.980
They all have bridged over to Solana as well.
00:28:23.980 --> 00:28:25.980
So you can you can get them.
00:28:25.980 --> 00:28:27.980
But this came off the stonks.
00:28:27.980 --> 00:28:32.980
This came off a stonk stonk lab platform.
00:28:32.980 --> 00:28:33.980
This one?
00:28:33.980 --> 00:28:35.980
Yeah.
00:28:35.980 --> 00:28:40.980
Is this on Solana or is it on Solana meme?
00:28:40.980 --> 00:28:43.980
But it came off of the stock labs.
00:28:46.980 --> 00:28:48.980
It came off of stock labs.
00:28:48.980 --> 00:28:51.980
It's not a it's not the rune.
00:28:51.980 --> 00:28:53.980
It's just paired to Bitcoin.
00:28:53.980 --> 00:28:54.980
Right.
00:28:54.980 --> 00:28:57.980
Yeah, but so is the rune.
00:28:57.980 --> 00:28:59.980
I don't think you've seen this yet.
00:28:59.980 --> 00:29:01.980
Anyway, this is the one I went into.
00:29:01.980 --> 00:29:04.980
I went ahead and went into it.
00:29:04.980 --> 00:29:08.980
And then I explained yesterday everybody went ahead and I don't
00:29:08.980 --> 00:29:11.980
know who the fuck is out there like purposely trying to
00:29:11.980 --> 00:29:12.980
annihilate me.
00:29:12.980 --> 00:29:14.980
But I said I don't give a shit.
00:29:14.980 --> 00:29:16.980
I'm gonna just hold this never again in my coming out.
00:29:16.980 --> 00:29:19.980
I'm not talking about any of my calls anymore.
00:29:19.980 --> 00:29:21.980
I'm not calling shit.
00:29:21.980 --> 00:29:22.980
Excuse me.
00:29:22.980 --> 00:29:24.980
I'm not talking about my trades anymore.
00:29:24.980 --> 00:29:26.980
I'm not calling things either.
00:29:26.980 --> 00:29:29.980
Like when you see me on FOMO.
00:29:29.980 --> 00:29:32.980
I will be going into FOMO at like $2 million.
00:29:32.980 --> 00:29:33.980
Period.
00:29:33.980 --> 00:29:34.980
That's minimum.
00:29:34.980 --> 00:29:37.980
So none of these motherfuckers can go ahead and just destroy
00:29:37.980 --> 00:29:41.980
shit that, you know, me and others, you know, and the
00:29:41.980 --> 00:29:44.980
audience like you got a bunch of fucking people that are
00:29:44.980 --> 00:29:48.980
maliciously doing things to go ahead and just I don't know.
00:29:48.980 --> 00:29:49.980
I don't know what it is.
00:29:49.980 --> 00:29:53.980
We got bad mouth every fucking KOL and influencer and VC
00:29:53.980 --> 00:29:56.980
enough to the point where I have people just watching them
00:29:56.980 --> 00:29:59.980
waiting to go ahead and just do like nasty shit.
00:29:59.980 --> 00:30:00.980
So it is what it is.
00:30:00.980 --> 00:30:03.980
But I woke up to this and this shit was sending.
00:30:03.980 --> 00:30:04.980
I was like, oh shit.
00:30:04.980 --> 00:30:05.980
Okay.
00:30:05.980 --> 00:30:09.980
The people fuck with a this just makes fucking sense.
00:30:09.980 --> 00:30:10.980
I'm sorry.
00:30:10.980 --> 00:30:12.980
Satoshi not coming.
00:30:12.980 --> 00:30:14.980
You're going to talk about pairing things.
00:30:14.980 --> 00:30:19.980
Pairing Satoshi against against Bitcoin makes fucking total
00:30:19.980 --> 00:30:20.980
sense.
00:30:20.980 --> 00:30:21.980
Okay.
00:30:21.980 --> 00:30:22.980
Bottom line.
00:30:22.980 --> 00:30:23.980
This makes sense.
00:30:23.980 --> 00:30:28.980
We honor the Godfather of crypto that we honor and and you
00:30:28.980 --> 00:30:29.980
get what is it?
00:30:29.980 --> 00:30:32.980
It's 3% rewards back in Bitcoin.
00:30:32.980 --> 00:30:34.980
So you you hold and you accumulate Bitcoin.
00:30:34.980 --> 00:30:36.980
So that's dope.
00:30:36.980 --> 00:30:37.980
That's it.
00:30:37.980 --> 00:30:41.980
There's there's no this like it is as short as the
00:30:41.980 --> 00:30:43.980
white paper.
00:30:43.980 --> 00:30:49.980
No need to go into a whole goddamn 93 page essay on why I
00:30:49.980 --> 00:30:51.980
think in the none.
00:30:51.980 --> 00:30:54.980
If you don't understand this, I don't got time to explain it
00:30:54.980 --> 00:30:55.980
to you.
00:30:55.980 --> 00:31:02.440
Getting you with Satoshi quotes.
00:31:02.440 --> 00:31:05.440
Anyway, I was excited to see that.
00:31:05.440 --> 00:31:08.440
I'm excited to see me with a haircut, but I'm excited.
00:31:08.440 --> 00:31:11.440
I'm excited to see that the people rallied and
00:31:11.440 --> 00:31:12.440
understood.
00:31:12.440 --> 00:31:13.440
Hey, I can get free Bitcoin.
00:31:13.440 --> 00:31:14.440
This one started.
00:31:14.440 --> 00:31:15.440
Did you miss Landy?
00:31:15.440 --> 00:31:19.440
I know like 113 is a high entry for you.
00:31:19.440 --> 00:31:22.440
Just like this entire space, which I want to talk about.
00:31:22.440 --> 00:31:24.440
You guys are going to lose me.
00:31:24.440 --> 00:31:25.440
Oh, no.
00:31:25.440 --> 00:31:26.440
I'm just talking around.
00:31:26.440 --> 00:31:27.440
Yeah.
00:31:27.440 --> 00:31:29.440
But a lot of people are going to lose because you think
00:31:29.440 --> 00:31:32.440
that $5 million is a high entry, $2 million is a high
00:31:32.440 --> 00:31:33.440
entry.
00:31:33.440 --> 00:31:35.440
Anything over a million dollars is already a high entry.
00:31:35.440 --> 00:31:38.440
You guys are absolutely going to be sidelined this
00:31:38.440 --> 00:31:39.440
entire.
00:31:39.440 --> 00:31:44.440
I promise you this entire time you will be sidelined.
00:31:44.440 --> 00:31:48.440
I promise you, and it's because scared money don't make
00:31:48.440 --> 00:31:49.440
money.
00:31:49.440 --> 00:31:51.440
By the way, nothing here, state of here is financial
00:31:51.440 --> 00:31:52.440
advice, but I'm being serious.
00:31:52.440 --> 00:31:55.440
Like if you're scared to go into your plays, you see
00:31:55.440 --> 00:31:57.440
your play starts to go.
00:31:57.440 --> 00:32:00.440
Look, Bitcoin, people wanted to get into Bitcoin, right?
00:32:00.440 --> 00:32:01.440
People want to go into Bitcoin.
00:32:01.440 --> 00:32:04.440
Bitcoin goes all the way down into the 50s.
00:32:04.440 --> 00:32:07.440
Y'all wanted Bitcoin so badly, you didn't get it.
00:32:08.440 --> 00:32:11.440
Now Bitcoin's hovering towards 90.
00:32:11.440 --> 00:32:13.440
Now it's like, oh, shit, I wish.
00:32:13.440 --> 00:32:15.440
There is no wishing.
00:32:15.440 --> 00:32:18.440
If you have conviction in something, you go into it.
00:32:18.440 --> 00:32:19.440
That's bottom line.
00:32:19.440 --> 00:32:21.440
You've done your research.
00:32:21.440 --> 00:32:23.440
You look at something, your passion, you feel
00:32:23.440 --> 00:32:25.440
something in your gut for it.
00:32:25.440 --> 00:32:28.440
Nothing here is guaranteed, but you go ahead and
00:32:28.440 --> 00:32:33.440
listen, if you understand nothing's guaranteed and
00:32:33.440 --> 00:32:36.440
you understand what environment you're in, it
00:32:36.440 --> 00:32:39.440
should be easier for you to go ahead and go about
00:32:39.440 --> 00:32:41.440
your day trading here.
00:32:41.440 --> 00:32:43.440
That's it.
00:32:43.440 --> 00:32:46.910
That is it.
00:32:46.910 --> 00:32:51.910
So I'm just saying, I'm just saying, anyway, we got
00:32:51.910 --> 00:32:52.910
four minutes here.
00:32:52.910 --> 00:32:54.910
Anything else?
00:32:54.910 --> 00:32:58.910
Anything else interesting popping off for you, Landy?
00:32:58.910 --> 00:33:01.910
I mean, I'm just enjoying the ride to the
00:33:01.910 --> 00:33:03.910
upside in markets.
00:33:03.910 --> 00:33:04.910
I mean, I've been.
00:33:04.910 --> 00:33:06.910
What are you hearing out in the street?
00:33:06.910 --> 00:33:08.910
I mean, like you're in spaces.
00:33:08.910 --> 00:33:09.910
Yeah.
00:33:09.910 --> 00:33:11.910
There have been people that have said, like, and I
00:33:11.910 --> 00:33:15.910
heard this being said, this is a small rally.
00:33:15.910 --> 00:33:17.910
Washington's going to pull back hard.
00:33:17.910 --> 00:33:18.910
Now it's here.
00:33:18.910 --> 00:33:20.910
What are these people saying?
00:33:20.910 --> 00:33:22.910
What is the conversation now?
00:33:22.910 --> 00:33:26.910
There's two diametrically opposed conversations.
00:33:26.910 --> 00:33:30.910
There's the, oh my God, you missed it.
00:33:30.910 --> 00:33:32.910
Macro low is in.
00:33:32.910 --> 00:33:34.910
New all-time highs incoming.
00:33:34.910 --> 00:33:38.910
And then there is the more cautionary side of the
00:33:38.910 --> 00:33:41.910
conversation, which you could lump me into, which is
00:33:41.910 --> 00:33:45.910
let's see where things close on the monthly.
00:33:45.910 --> 00:33:48.910
And then it's about the next big move down and see
00:33:48.910 --> 00:33:50.910
where it bottoms out at.
00:33:50.910 --> 00:33:52.910
And I'm not talking about on the daily.
00:33:52.910 --> 00:33:55.910
But have people been, the people, there have been,
00:33:55.910 --> 00:33:57.910
I know how you approach things.
00:33:57.910 --> 00:33:58.910
Yeah.
00:33:58.910 --> 00:34:00.910
But there are people that have said and stated,
00:34:00.910 --> 00:34:03.910
like, no, this will never happen.
00:34:03.910 --> 00:34:06.910
Have these people said, you know what?
00:34:06.910 --> 00:34:08.910
I've been wrong or I was wrong.
00:34:08.910 --> 00:34:11.910
Like has anybody in these spaces?
00:34:11.910 --> 00:34:12.910
Maybe, maybe.
00:34:12.910 --> 00:34:15.910
But I don't think, I mean, where I kind of hang out at
00:34:15.910 --> 00:34:18.910
people aren't giving these kind of really hyperbolic
00:34:18.910 --> 00:34:22.910
takes about where the market is, which is one of the
00:34:22.910 --> 00:34:25.910
reasons why we've been able to, you know, the
00:34:25.910 --> 00:34:27.910
people I hang out with at least have been able to
00:34:27.910 --> 00:34:30.910
pick out these areas of interest and identify them
00:34:30.910 --> 00:34:33.910
well ahead of time for the next big moves.
00:34:33.910 --> 00:34:36.910
What I'm seeing on the timeline though is a lot of
00:34:36.910 --> 00:34:37.910
FOMO.
00:34:37.910 --> 00:34:40.910
I'm seeing a lot of FOMO on the timeline about
00:34:40.910 --> 00:34:42.910
this particular move up.
00:34:42.910 --> 00:34:46.910
A lot of I told you so's and then very, it's
00:34:46.910 --> 00:34:50.910
not really capitulation from anyone.
00:34:50.910 --> 00:34:52.910
What I'm seeing is, here's the narrative that
00:34:52.910 --> 00:34:54.910
I'm actually seeing is look at all the dino
00:34:54.910 --> 00:34:57.910
coins run while the meme coins don't.
00:34:57.910 --> 00:35:00.910
And I've noticed that this, you know, and we were
00:35:00.910 --> 00:35:02.910
kind of joking around about this is like that
00:35:02.910 --> 00:35:04.910
would be kind of ironic, but it's also not
00:35:04.910 --> 00:35:07.910
unexpected to see the dino coins run with
00:35:07.910 --> 00:35:12.910
Bitcoin while the memes take a break.
00:35:12.910 --> 00:35:14.910
And I mentioned this to you and I've talked
00:35:14.910 --> 00:35:17.910
to you about this quite a bit over the past
00:35:17.910 --> 00:35:21.910
couple of years when Bitcoin actually does
00:35:21.910 --> 00:35:26.910
confirm its macro low like it did in 2022 into
00:35:26.910 --> 00:35:29.910
2023 when it actually confirmed the macro
00:35:29.910 --> 00:35:31.910
low off of $25,000.
00:35:31.910 --> 00:35:34.910
That's when the meme coins popped off with
00:35:34.910 --> 00:35:37.910
Bitcoin and took up a lot of mind share.
00:35:37.910 --> 00:35:39.910
And I think the conversation is starting to
00:35:39.910 --> 00:35:43.910
evolve now around a lot of people trying
00:35:43.910 --> 00:35:46.910
to come to terms with where things are
00:35:46.910 --> 00:35:49.910
in the markets, like where do the L1s and
00:35:49.910 --> 00:35:50.910
L2s stand?
00:35:50.910 --> 00:35:53.910
Where do the meme coin stand?
00:35:53.910 --> 00:35:56.910
And what is going to occur next with a lot
00:35:56.910 --> 00:35:58.910
of the tokenized stocks?
00:35:58.910 --> 00:36:01.910
Because it's only just getting started on the
00:36:01.910 --> 00:36:03.910
tokenized stock side of things.
00:36:03.910 --> 00:36:05.910
So I think that that is, you know, more of
00:36:05.910 --> 00:36:07.910
what I'm seeing is people just trying to
00:36:07.910 --> 00:36:10.910
figure out like, okay, where do I get in
00:36:10.910 --> 00:36:12.910
and like what do I get into?
00:36:12.910 --> 00:36:15.910
Is there anything on this move up that is
00:36:15.910 --> 00:36:18.910
not moved yet that has the potential
00:36:18.910 --> 00:36:20.910
that I should put on a short list for
00:36:20.910 --> 00:36:22.910
the next correction that I should be
00:36:22.910 --> 00:36:24.910
paying attention to?
00:36:24.910 --> 00:36:27.910
Is there things that have moved up
00:36:27.910 --> 00:36:29.910
substantially that I want to see correct
00:36:29.910 --> 00:36:31.910
and where do I want to see it corrected?
00:36:31.910 --> 00:36:33.910
So I think that it's more in this kind
00:36:33.910 --> 00:36:36.910
of exploratory, hey, I need to start
00:36:36.910 --> 00:36:37.910
paying attention.
00:36:37.910 --> 00:36:39.910
We're in towards the end of the year.
00:36:39.910 --> 00:36:41.910
This is typically where things would start
00:36:41.910 --> 00:36:42.910
to bottom out.
00:36:42.910 --> 00:36:44.910
Maybe we get another big move down.
00:36:44.910 --> 00:36:46.910
What would I be interested in on the
00:36:46.910 --> 00:36:48.910
next bigger move down and where would
00:36:48.910 --> 00:36:51.910
I be interested in those things?
00:36:51.910 --> 00:36:53.910
Anybody that's been paying attention
00:36:53.910 --> 00:36:56.910
and been here kind of, you know, is
00:36:56.910 --> 00:36:58.910
used to this at this point.
00:36:58.910 --> 00:37:00.910
I don't see too many people surprised
00:37:00.910 --> 00:37:01.910
right now.
00:37:01.910 --> 00:37:03.910
Maybe some people that haven't been
00:37:03.910 --> 00:37:05.910
paying attention the entire time
00:37:05.910 --> 00:37:07.910
were kind of caught off guard.
00:37:07.910 --> 00:37:10.910
Seen them just a little bit of that.
00:37:10.910 --> 00:37:14.910
But sentiment seems to be okay.
00:37:14.910 --> 00:37:17.910
What I don't like is the diametrically
00:37:17.910 --> 00:37:20.910
opposed takes that will resolve
00:37:20.910 --> 00:37:22.910
when market structure actually, you know,
00:37:22.910 --> 00:37:24.910
in a transitionary market structure,
00:37:24.910 --> 00:37:26.910
if it does transition from a bear
00:37:26.910 --> 00:37:28.910
into a bull market from here,
00:37:28.910 --> 00:37:30.910
from these most recent lows, you know,
00:37:30.910 --> 00:37:32.910
once we get that confirmation,
00:37:32.910 --> 00:37:34.910
then everybody's going to be on board.
00:37:34.910 --> 00:37:36.910
But what I don't like is the crypto
00:37:36.910 --> 00:37:38.910
native side is still on the short
00:37:38.910 --> 00:37:40.910
side while the institutions
00:37:40.910 --> 00:37:42.910
are on the long side.
00:37:42.910 --> 00:37:44.910
And I showed you that yesterday.
00:37:44.910 --> 00:37:46.910
And I don't like that.
00:37:46.910 --> 00:37:48.910
You want them to be running together
00:37:48.910 --> 00:37:50.910
or generally together, right?
00:37:52.910 --> 00:37:54.910
But what that would do is,
00:37:54.910 --> 00:37:56.910
as I mentioned,
00:37:56.910 --> 00:37:58.910
if the crypto native side
00:37:58.910 --> 00:38:00.910
continues to short
00:38:00.910 --> 00:38:02.910
into these areas and the institutions
00:38:02.910 --> 00:38:04.910
stay long, I think the institutions
00:38:04.910 --> 00:38:06.910
utilize that short
00:38:06.910 --> 00:38:08.910
interest to push price
00:38:08.910 --> 00:38:10.910
a little bit further up
00:38:10.910 --> 00:38:12.910
before we see a correction.
00:38:12.910 --> 00:38:14.910
If we do start to see it correct
00:38:14.910 --> 00:38:16.910
from here, you know,
00:38:16.910 --> 00:38:18.910
they're in a fairly strong position.
00:38:18.910 --> 00:38:20.910
Like I said, Bitcoin above
00:38:20.910 --> 00:38:22.910
$80,000, that's a strong position
00:38:22.910 --> 00:38:24.910
to be in,
00:38:24.910 --> 00:38:26.910
even though it would be a $6500
00:38:26.910 --> 00:38:28.910
sell-off from here.
00:38:28.910 --> 00:38:30.910
As long as it's closing above there.
00:38:30.910 --> 00:38:32.910
Ethereum above $2350,
00:38:32.910 --> 00:38:34.910
$2400, still
00:38:34.910 --> 00:38:36.910
in a strong position.
00:38:36.910 --> 00:38:38.910
But it's below there where things
00:38:38.910 --> 00:38:40.910
get a little dicey.
00:38:40.910 --> 00:38:42.910
So I think that right now
00:38:42.910 --> 00:38:44.910
everybody's hunting for what is
00:38:44.910 --> 00:38:46.910
the next big meme coin
00:38:46.910 --> 00:38:48.910
as these narratives are,
00:38:48.910 --> 00:38:50.910
people are trying to kind of suss out
00:38:50.910 --> 00:38:52.910
what these narratives are going to be.
00:38:52.910 --> 00:38:54.910
And I think one of the things
00:38:54.910 --> 00:38:56.910
that people aren't paying close attention to
00:38:56.910 --> 00:38:58.910
is blockchain
00:38:58.910 --> 00:39:00.910
and AI
00:39:00.910 --> 00:39:02.910
based blockchain tech.
00:39:02.910 --> 00:39:04.910
The one that everyone is
00:39:04.910 --> 00:39:06.910
paying attention to
00:39:06.910 --> 00:39:08.910
is blockchain and
00:39:08.910 --> 00:39:10.910
AI based
00:39:10.910 --> 00:39:12.910
blockchain tech.
00:39:12.910 --> 00:39:14.910
The one that everyone is paying attention to
00:39:14.910 --> 00:39:16.910
is Venice AI
00:39:16.910 --> 00:39:18.910
or VVV
00:39:18.910 --> 00:39:20.910
Yeah.
00:39:20.910 --> 00:39:22.910
But they're not paying attention to a lot of the others.
00:39:22.910 --> 00:39:24.910
So that's what I've been actually looking at
00:39:24.910 --> 00:39:26.910
is what hasn't moved in the AI sector
00:39:26.910 --> 00:39:28.910
of crypto technology
00:39:28.910 --> 00:39:30.910
and
00:39:30.910 --> 00:39:32.910
what are they building and what's exciting
00:39:32.910 --> 00:39:34.910
about it and is there opportunity
00:39:34.910 --> 00:39:36.910
for me to get in.
00:39:36.910 --> 00:39:38.910
I've also, for whatever reason,
00:39:38.910 --> 00:39:40.910
I'm going to bring this up.
00:39:40.910 --> 00:39:42.910
I had somebody hit me up
00:39:42.910 --> 00:39:44.910
and put me on to
00:39:44.910 --> 00:39:46.910
told me to take a look at Sky
00:39:48.910 --> 00:39:50.910
SkyUSD
00:39:52.910 --> 00:39:54.910
and
00:39:54.910 --> 00:39:56.910
I'm doing my research
00:39:56.910 --> 00:39:58.910
on it. I've traded
00:39:58.910 --> 00:40:00.910
a little bit here and there back in the day
00:40:00.910 --> 00:40:02.910
but never actually dove into any kind of research
00:40:02.910 --> 00:40:04.910
on it.
00:40:04.910 --> 00:40:06.910
So I'm going to get back to you maybe in the next day
00:40:06.910 --> 00:40:08.910
or two with
00:40:08.910 --> 00:40:10.910
and figure out why it is that I got
00:40:10.910 --> 00:40:12.910
messaged about
00:40:12.910 --> 00:40:14.910
they were very bullish on it.
00:40:14.910 --> 00:40:16.910
So I'm trying to dig through some of the fundamentals
00:40:16.910 --> 00:40:18.910
of Sky and see what
00:40:18.910 --> 00:40:20.910
that opportunity is that they're talking
00:40:20.910 --> 00:40:22.910
about so I can verify it
00:40:22.910 --> 00:40:24.910
for myself before I actually start
00:40:24.910 --> 00:40:26.910
really
00:40:26.910 --> 00:40:28.910
sizing into anything and in fact
00:40:28.910 --> 00:40:30.910
it actually rejected off of like
00:40:30.910 --> 00:40:32.910
7.3 cents. So I want to see
00:40:32.910 --> 00:40:34.910
where it kind of heads to next.
00:40:34.910 --> 00:40:36.910
So
00:40:36.910 --> 00:40:38.910
there are things that I'm doing that I think
00:40:38.910 --> 00:40:40.910
much of the timeline and in
00:40:40.910 --> 00:40:42.910
my conversations I see a lot of people doing
00:40:42.910 --> 00:40:44.910
and that's just trying to identify opportunity
00:40:44.910 --> 00:40:46.910
in the markets
00:40:46.910 --> 00:40:48.910
if not for right now
00:40:48.910 --> 00:40:50.910
than for when we do see a correction.
00:40:52.910 --> 00:40:54.910
When we do see a correction and hopefully
00:40:54.910 --> 00:40:56.910
you guys
00:40:56.910 --> 00:40:58.910
are on point and you have your liquidity
00:40:58.910 --> 00:41:00.910
ready to go ahead and jump into
00:41:00.910 --> 00:41:02.910
your conviction plays
00:41:02.910 --> 00:41:04.910
to make sure that you're ready when the bull
00:41:04.910 --> 00:41:06.910
run comes around a lot of people are
00:41:06.910 --> 00:41:08.910
telling me that the bull run is already here
00:41:08.910 --> 00:41:10.910
bullish sentiment we're not in the bull run
00:41:10.910 --> 00:41:12.910
yet at least in my own
00:41:12.910 --> 00:41:14.910
humble opinion.
00:41:14.910 --> 00:41:16.910
Landy has a show on
00:41:16.910 --> 00:41:18.910
the goshy media network
00:41:18.910 --> 00:41:20.910
where you could tune in Mondays
00:41:20.910 --> 00:41:22.910
Wednesdays and Fridays on Fridays is
00:41:22.910 --> 00:41:24.910
8 p.m. Mondays and Wednesdays
00:41:24.910 --> 00:41:26.910
9 Eastern time
00:41:26.910 --> 00:41:28.910
tune in he breaks down the markets
00:41:28.910 --> 00:41:30.910
as always Landy
00:41:30.910 --> 00:41:32.910
thank you so much puppet for joining
00:41:32.910 --> 00:41:34.910
us today I know you have
00:41:34.910 --> 00:41:36.910
a lot to do I know you have a lot
00:41:36.910 --> 00:41:38.910
of spaces to attend
00:41:38.910 --> 00:41:40.910
we appreciate it when you grace
00:41:40.910 --> 00:41:42.910
us with your presence.
00:41:42.910 --> 00:41:44.910
Well I appreciate you having me
00:41:44.910 --> 00:41:46.910
on David and I look forward
00:41:46.910 --> 00:41:48.910
to talking to you again tomorrow about some
00:41:48.910 --> 00:41:50.910
of this stuff. Thanks a lot Landy
00:41:50.910 --> 00:41:52.910
appreciate your brother. Take care brother
00:41:52.910 --> 00:41:54.910
much love. Man I was going
00:41:54.910 --> 00:41:56.910
to talk to Landy about and that's
00:41:56.910 --> 00:41:58.910
Landy give him a round of applause.
00:41:58.910 --> 00:42:02.990
Man I was going to talk to him about
00:42:02.990 --> 00:42:04.990
the Giants man
00:42:04.990 --> 00:42:06.990
like three plays in like
00:42:06.990 --> 00:42:08.990
everybody gets hurt
00:42:08.990 --> 00:42:10.990
all our players
00:42:10.990 --> 00:42:12.990
god damn neighbors
00:42:12.990 --> 00:42:16.240
separates his shoulder
00:42:16.240 --> 00:42:18.240
we got Jackson
00:42:18.240 --> 00:42:21.550
Dart god damn it man
00:42:21.550 --> 00:42:23.550
we're playing so good
00:42:23.550 --> 00:42:25.550
I knew it
00:42:25.550 --> 00:42:27.550
like I knew it like one
00:42:27.550 --> 00:42:29.550
game you gave us one
00:42:29.550 --> 00:42:34.590
game if Jackson
00:42:34.590 --> 00:42:36.590
Dart was playing yesterday we won
00:42:36.590 --> 00:42:38.590
I know it in my heart
00:42:38.590 --> 00:42:40.590
and Jackson Dart was playing yesterday
00:42:40.590 --> 00:42:42.590
we win 100%
00:42:42.590 --> 00:42:44.590
Jamison
00:42:44.590 --> 00:42:46.590
I love Jamison
00:42:46.590 --> 00:42:48.590
I love Jamison but god
00:42:48.590 --> 00:42:50.590
damn Jamison cannot see
00:42:50.590 --> 00:42:52.590
he's cross-eyed I mean like
00:42:52.590 --> 00:42:54.590
I don't know who the hell he's throwing
00:42:54.590 --> 00:42:56.590
the ball to and I don't understand
00:42:56.590 --> 00:42:58.590
why they don't play Beckham
00:42:58.590 --> 00:43:00.590
you see
00:43:00.590 --> 00:43:02.590
Davante Adams out there
00:43:02.590 --> 00:43:04.590
and he's Davante is playing
00:43:04.590 --> 00:43:06.590
lights out and he's up there
00:43:06.590 --> 00:43:08.590
in age
00:43:08.590 --> 00:43:10.590
why are you not playing Beckham
00:43:10.590 --> 00:43:12.590
Beckham runs
00:43:12.590 --> 00:43:14.590
Ralph's better than any Y receiver on this team
00:43:14.590 --> 00:43:16.590
besides neighbors and even
00:43:16.590 --> 00:43:18.590
he's a better route running the neighbors
00:43:18.590 --> 00:43:22.380
it's just crazy
00:43:22.380 --> 00:43:24.380
I don't know why they signed them
00:43:24.380 --> 00:43:26.380
to torture him
00:43:26.380 --> 00:43:28.380
it's great I don't know man
00:43:28.380 --> 00:43:30.380
we need a backup quarterback
00:43:30.380 --> 00:43:32.380
I mean I love Jamison
00:43:32.380 --> 00:43:34.380
I think he should be a coach
00:43:34.380 --> 00:43:36.380
I think Jamison should be a coach
00:43:36.380 --> 00:43:38.380
I think he's a remarkable
00:43:38.380 --> 00:43:40.380
inspirational
00:43:40.380 --> 00:43:42.380
individual
00:43:42.380 --> 00:43:44.380
I like him as a human being
00:43:44.380 --> 00:43:46.380
as a football player
00:43:46.380 --> 00:43:48.380
man oh my god
00:43:48.380 --> 00:43:50.380
like I don't know
00:43:50.380 --> 00:43:52.380
some of the things he should have ran
00:43:52.380 --> 00:43:54.380
he doesn't run
00:43:54.380 --> 00:43:56.380
I don't know what the fuck I was watching
00:43:56.380 --> 00:43:58.380
I turned it off I gotta be honest with you
00:43:58.380 --> 00:44:00.380
somewhere in the fourth quarter I said enough
00:44:00.380 --> 00:44:02.380
this is punishment like washing
00:44:02.380 --> 00:44:04.380
this is like getting
00:44:04.380 --> 00:44:06.380
somebody taking a baseball bat
00:44:06.380 --> 00:44:08.380
to your bulls
00:44:08.380 --> 00:44:10.380
and just consecutively just hitting
00:44:10.380 --> 00:44:12.380
your nutsack
00:44:12.380 --> 00:44:14.380
like fucking batting practice
00:44:14.380 --> 00:44:16.380
that's what I felt like watching this game yesterday
00:44:16.380 --> 00:44:18.380
knowing the potential that we have
00:44:18.380 --> 00:44:20.380
as a unit here
00:44:20.380 --> 00:44:22.380
as a team what Harbs has
00:44:22.380 --> 00:44:24.380
brought here on the defensive
00:44:24.380 --> 00:44:26.380
and offensive side this
00:44:26.380 --> 00:44:28.380
tough punch him in the mouth football
00:44:28.380 --> 00:44:30.380
we should be up two or no
00:44:30.380 --> 00:44:33.920
we should be freak injury
00:44:33.920 --> 00:44:41.100
freak injury
00:44:41.100 --> 00:44:43.100
Jamison throwing the ball
00:44:43.100 --> 00:44:45.100
man like to
00:44:45.100 --> 00:44:47.100
I don't know what the fuck was happening yesterday
00:44:47.100 --> 00:44:49.100
I have no clue
00:44:49.100 --> 00:44:53.150
who the hell are you throwing the ball at
00:44:53.150 --> 00:44:56.400
Jesus Christ
00:44:56.400 --> 00:44:58.400
Jesus Christ
00:44:58.400 --> 00:45:00.400
I could have done a better job throwing
00:45:00.400 --> 00:45:02.400
I could have done a better
00:45:02.400 --> 00:45:04.400
and by the way
00:45:04.400 --> 00:45:06.400
I gotta talk about these helmets
00:45:06.400 --> 00:45:08.400
these new high-tech helmets
00:45:08.400 --> 00:45:10.400
really better
00:45:10.400 --> 00:45:12.400
protection against concussions
00:45:12.400 --> 00:45:14.400
but boy they look ugly as hell man
00:45:14.400 --> 00:45:16.400
shout out to everybody who
00:45:16.400 --> 00:45:18.400
and by the way
00:45:18.400 --> 00:45:20.400
Cam Scattaboo
00:45:20.400 --> 00:45:22.400
this man
00:45:22.400 --> 00:45:24.400
I hope he gives us three to four years
00:45:24.400 --> 00:45:26.400
of good football because there ain't no way
00:45:26.400 --> 00:45:28.400
it could be more than three to four years
00:45:28.400 --> 00:45:30.400
the way he plays
00:45:30.400 --> 00:45:32.400
but this man like
00:45:32.400 --> 00:45:34.400
I don't know man like there's something about
00:45:34.400 --> 00:45:36.400
Cam Scattaboo that is
00:45:36.400 --> 00:45:38.400
absolutely fun to
00:45:38.400 --> 00:45:40.400
fucking watch this guy
00:45:40.400 --> 00:45:42.400
runs into people like he
00:45:42.400 --> 00:45:44.400
seeks out damage bro like he
00:45:44.400 --> 00:45:46.400
is not running away he's actually running
00:45:46.400 --> 00:45:48.400
for it
00:45:48.400 --> 00:45:50.400
and I enjoy
00:45:50.400 --> 00:45:52.400
at least there was some fun yesterday
00:45:52.400 --> 00:45:54.400
I don't know
00:45:54.400 --> 00:45:56.400
I don't know why don't I have Scattaboo out there
00:45:56.400 --> 00:45:58.400
on third I think it was third and fourth
00:45:58.400 --> 00:46:00.400
on like by the gold line
00:46:00.400 --> 00:46:02.400
they don't got Scattaboo out there what the
00:46:02.400 --> 00:46:04.400
what are we doing
00:46:04.400 --> 00:46:06.400
getting naggy out of here man
00:46:06.400 --> 00:46:08.400
anyway
00:46:08.400 --> 00:46:10.400
it's one game
00:46:10.400 --> 00:46:12.400
apparently Jackson Dar wanted to get back
00:46:12.400 --> 00:46:14.400
into the game but they wouldn't allow for it
00:46:14.400 --> 00:46:16.400
apparently he is out
00:46:16.400 --> 00:46:18.400
for maybe two to four
00:46:18.400 --> 00:46:20.400
weeks I don't know maybe he
00:46:20.400 --> 00:46:22.400
pulls a Willis Reid and comes
00:46:22.400 --> 00:46:24.400
back the next game I just want
00:46:24.400 --> 00:46:26.400
him to be healthy god damn it man
00:46:26.400 --> 00:46:28.400
freak injury
00:46:28.400 --> 00:46:30.400
they did it on purpose
00:46:30.400 --> 00:46:32.400
it should be looked into
00:46:32.400 --> 00:46:34.400
they did it on purpose 100%
00:46:34.400 --> 00:46:36.400
they took out Jackson
00:46:36.400 --> 00:46:38.400
dart on purpose
00:46:38.400 --> 00:46:40.400
we'll be right back after these commercial
00:46:40.400 --> 00:46:42.400
breaks and then we'll get
00:46:42.400 --> 00:46:44.400
into the cool maybe we'll get
00:46:44.400 --> 00:46:46.400
into a really cool not maybe we will have
00:46:46.400 --> 00:46:48.400
some cool
00:46:48.400 --> 00:46:50.400
I'll have a cool conversation with John when he
00:46:50.400 --> 00:46:52.400
comes on here right after this commercial
00:46:52.400 --> 00:46:54.400
break man I'm hyped up today got the cut
00:46:56.400 --> 00:46:58.400
what first got you excited about
00:46:58.400 --> 00:47:00.400
blockchains think about it
00:47:00.400 --> 00:47:05.730
oh wait
00:47:05.730 --> 00:47:07.730
I bet it wasn't multi-million dollar hacks
00:47:07.730 --> 00:47:09.730
exposed data or finding
00:47:09.730 --> 00:47:11.730
somewhere safe to store your seed phrase
00:47:11.730 --> 00:47:13.730
was it maybe it was
00:47:13.730 --> 00:47:15.730
the idea of decentralizing a broken
00:47:15.730 --> 00:47:19.580
financial system maybe
00:47:19.580 --> 00:47:21.580
it was imagine in a world where people
00:47:21.580 --> 00:47:23.580
own their own data and get to sharing the
00:47:23.580 --> 00:47:29.520
value it creates
00:47:29.520 --> 00:47:31.520
or maybe it was a promise of a
00:47:31.520 --> 00:47:33.520
fundamentally better way of connecting
00:47:33.520 --> 00:47:35.520
communicating and transacting
00:47:35.520 --> 00:47:37.520
the next phase of the internet that
00:47:37.520 --> 00:47:39.520
powers us instead of exploiting
00:47:39.520 --> 00:47:41.520
so why hasn't it happened yet
00:47:41.520 --> 00:47:43.520
where we're still living with the same
00:47:43.520 --> 00:47:45.520
broken system that blockchains promise
00:47:45.520 --> 00:47:47.520
to fix it's because blockchains can't
00:47:47.520 --> 00:47:49.520
keep a secret enabling open
00:47:49.520 --> 00:47:51.520
transparent systems was only
00:47:51.520 --> 00:47:53.520
the first half of the challenge for
00:47:53.520 --> 00:47:55.520
blockchains to really change the world
00:47:55.520 --> 00:47:57.520
they also have to be able to protect our
00:47:57.520 --> 00:47:59.520
sensitive data when it matters
00:47:59.520 --> 00:48:01.520
and that's where we build midnight
00:48:01.520 --> 00:48:03.520
to bring down the final barrier to
00:48:03.520 --> 00:48:05.520
mass adoption and unlock the full
00:48:05.520 --> 00:48:07.520
potential of the decentralized web
00:48:07.520 --> 00:48:09.520
let's build the internet we
00:48:09.520 --> 00:48:11.520
deserve together
00:48:11.520 --> 00:48:17.490
ladies and gentlemen we
00:48:17.490 --> 00:48:19.490
all know this encrypt of ownership
00:48:19.490 --> 00:48:21.490
matters that's why cake wallet
00:48:21.490 --> 00:48:23.490
cake wallet gives you full control
00:48:23.490 --> 00:48:25.490
of your digital assets all
00:48:25.490 --> 00:48:27.490
in one easy to use application
00:48:27.490 --> 00:48:29.490
you can store bitcoin like
00:48:29.490 --> 00:48:31.490
coin zcash monaro
00:48:31.490 --> 00:48:33.490
and many more with just one secure
00:48:33.490 --> 00:48:35.490
backup swap between coins
00:48:35.490 --> 00:48:37.490
in seconds no copying addresses
00:48:37.490 --> 00:48:39.490
no complicated steps
00:48:39.490 --> 00:48:41.490
and even includes bitcoin lightning for faster
00:48:41.490 --> 00:48:43.490
payments and with cake wallet built in
00:48:43.490 --> 00:48:45.490
you can use crypto in real life
00:48:45.490 --> 00:48:47.490
through debit cards or gift cards
00:48:47.490 --> 00:48:49.490
simple secure
00:48:49.490 --> 00:48:51.490
self-custody download cake wallet
00:48:51.490 --> 00:48:53.490
and take control of your crypto
00:48:53.490 --> 00:49:16.700
there is an astronaut conducting an emergency
00:49:16.700 --> 00:49:18.700
repair on a global communication satellite
00:49:18.700 --> 00:49:20.700
that could go dark at any moment
00:49:20.700 --> 00:49:22.700
we have a second angle of this
00:49:22.700 --> 00:49:25.950
is that guy on FOMO?
00:49:25.950 --> 00:49:27.950
he's asking for it
00:49:27.950 --> 00:49:29.950
yeah let's get back to it everybody
00:50:33.140 --> 00:50:47.650
there we go
00:50:47.650 --> 00:50:49.650
united states of america representatives
00:50:49.650 --> 00:50:51.650
socialism and communism does not work
00:50:51.650 --> 00:50:53.650
digital assets is it better to
00:50:53.650 --> 00:50:55.650
move money at the speed of light
00:50:55.650 --> 00:50:57.650
people are greedy when they also try to acquire gold
00:50:57.650 --> 00:50:59.650
i am here providing
00:50:59.650 --> 00:51:01.650
electricity
00:51:01.650 --> 00:51:03.650
and that energy that is necessary
00:51:03.650 --> 00:51:15.220
i am the moner day
00:51:15.220 --> 00:51:17.220
welcome back to the show
00:51:17.220 --> 00:51:19.220
this is episode 789
00:51:19.220 --> 00:51:21.220
sponsored by midnight
00:51:21.220 --> 00:51:23.220
midnight is the title sponsor
00:51:23.220 --> 00:51:25.220
also poly market poly market
00:51:25.220 --> 00:51:27.220
is the official prediction market
00:51:27.220 --> 00:51:29.220
sponsor of the breakdown also
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cake wallet one of the most secure
00:51:31.220 --> 00:51:33.220
wallets in our industry
00:51:33.220 --> 00:51:35.220
in the crypto space you want to hold
00:51:35.220 --> 00:51:37.220
coin, z-cash or monaro
00:51:37.220 --> 00:51:39.220
do it on cake wallet go to cake wallet.com
00:51:39.220 --> 00:51:41.220
also you can go ahead
00:51:41.220 --> 00:51:43.220
in factory reset your phone
00:51:43.220 --> 00:51:45.220
and download cupcake
00:51:45.220 --> 00:51:47.220
and store it
00:51:47.220 --> 00:51:49.220
on your own storage device
00:51:49.220 --> 00:51:51.220
FOMO FOMO FOMO
00:51:51.220 --> 00:51:53.220
you guys already know i go on FOMO
00:51:53.220 --> 00:51:55.220
and i participate
00:51:55.220 --> 00:51:57.220
i look i want to see who is trading
00:51:57.220 --> 00:51:59.220
what and why are they trading it because i look at the thesis
00:51:59.220 --> 00:52:01.220
FOMO
00:52:01.220 --> 00:52:03.220
is no doubt about it
00:52:03.220 --> 00:52:05.220
number one social fai app
00:52:05.220 --> 00:52:07.220
for trading out there so shout out to them
00:52:07.220 --> 00:52:09.220
for doing that thing
00:52:09.220 --> 00:52:11.220
users keep signing up you can go ahead
00:52:11.220 --> 00:52:13.220
and follow me on there as well
00:52:13.220 --> 00:52:15.220
and
00:52:15.220 --> 00:52:17.220
our next guest you catch this
00:52:17.220 --> 00:52:19.220
in october let me where is it
00:52:19.220 --> 00:52:21.220
where where is it
00:52:21.220 --> 00:52:23.220
where is this thing
00:52:23.220 --> 00:52:25.220
why is it always escaping me
00:52:25.220 --> 00:52:27.220
okay
00:52:27.220 --> 00:52:29.220
you guys can go ahead and
00:52:29.220 --> 00:52:31.220
if you're out there in vegas or you want to
00:52:31.220 --> 00:52:33.220
fly out to vegas you can go ahead and check out
00:52:33.220 --> 00:52:35.220
rubble con
00:52:35.220 --> 00:52:37.220
2026 and you can sign up with our link
00:52:37.220 --> 00:52:39.220
here
00:52:39.220 --> 00:52:41.220
get 30% off
00:52:41.220 --> 00:52:43.220
by using our link i'll put it up on
00:52:43.220 --> 00:52:45.220
davidgoxstein.com website
00:52:45.220 --> 00:52:47.220
i'll also put it out
00:52:47.220 --> 00:52:49.220
on my twitter feed
00:52:49.220 --> 00:52:51.220
here but
00:52:51.220 --> 00:52:53.220
go ahead tune into this
00:52:53.220 --> 00:52:55.220
you can see john and the rest
00:52:55.220 --> 00:52:57.220
of the chads out there
00:52:57.220 --> 00:52:59.220
who will be breaking down
00:52:59.220 --> 00:53:01.220
that can help you grow
00:53:01.220 --> 00:53:03.220
okay that can help you
00:53:03.220 --> 00:53:05.220
become a better man or woman
00:53:05.220 --> 00:53:07.220
so check it out
00:53:07.220 --> 00:53:09.220
rubble con 2026
00:53:09.220 --> 00:53:11.220
goxstein media will be
00:53:11.220 --> 00:53:13.220
out there covering the event also
00:53:13.220 --> 00:53:15.220
so shout out to john
00:53:15.220 --> 00:53:17.220
for always putting up this kind of dope ass
00:53:17.220 --> 00:53:19.220
event and speaking of john
00:53:19.220 --> 00:53:21.220
we'll bring john right in here
00:53:21.220 --> 00:53:23.220
it's 117
00:53:23.220 --> 00:53:25.220
i said 115 let's see if he's ready
00:53:25.220 --> 00:53:27.220
cvc is ready in the green room
00:53:27.220 --> 00:53:29.220
is he there?
00:53:29.220 --> 00:53:31.220
john wave to me if you're there
00:53:31.220 --> 00:53:33.220
john wave to me
00:53:33.220 --> 00:53:35.220
we'll wait until john comes
00:53:35.220 --> 00:53:37.220
i don't see john i just want to
00:53:37.220 --> 00:53:39.220
i want to
00:53:39.220 --> 00:53:41.220
i want to bring him in and he's not here
00:53:41.220 --> 00:53:45.710
i don't think john's here
00:53:45.710 --> 00:53:47.710
there's john there we go
00:53:47.710 --> 00:53:49.710
we'll bring john in i've been trying to get john on
00:53:49.710 --> 00:53:51.710
for the longest time
00:53:51.710 --> 00:53:53.710
last time hello john
00:53:53.710 --> 00:53:55.710
what's going on how's everything
00:53:55.710 --> 00:53:57.710
i just love your freaking intros
00:53:57.710 --> 00:53:59.710
i just love your ads
00:53:59.710 --> 00:54:01.710
i mean
00:54:01.710 --> 00:54:03.710
david you are killing it
00:54:03.710 --> 00:54:05.710
it's an honor to be here sir
00:54:05.710 --> 00:54:07.710
it's your show so
00:54:07.710 --> 00:54:09.710
no it's an honor for you to be here
00:54:09.710 --> 00:54:11.710
you're a legend so it's dope
00:54:11.710 --> 00:54:13.710
to have you here obviously
00:54:13.710 --> 00:54:15.710
well we'll talk about the event that you're having
00:54:15.710 --> 00:54:17.710
in october
00:54:17.710 --> 00:54:19.710
in los vegas
00:54:19.710 --> 00:54:21.710
rubble con 2026
00:54:21.710 --> 00:54:23.710
but
00:54:23.710 --> 00:54:25.710
i first met you
00:54:25.710 --> 00:54:27.710
rob was hosting
00:54:27.710 --> 00:54:29.710
the round table on the street
00:54:29.710 --> 00:54:31.710
i go on there
00:54:31.710 --> 00:54:33.710
first time
00:54:33.710 --> 00:54:35.710
and we're just shooting about the markets
00:54:35.710 --> 00:54:37.710
and i remember during that time
00:54:37.710 --> 00:54:39.710
people were like i don't know where it's going
00:54:39.710 --> 00:54:41.710
yada yada yada
00:54:41.710 --> 00:54:43.710
and i was like markets are going up
00:54:43.710 --> 00:54:45.710
markets did go up
00:54:45.710 --> 00:54:47.710
bitcoin went to 126
00:54:47.710 --> 00:54:49.710
it was good
00:54:49.710 --> 00:54:51.710
i think we were on the same show twice
00:54:51.710 --> 00:54:53.710
but i mean like you've always
00:54:53.710 --> 00:54:55.710
i've listened to you you always broke
00:54:55.710 --> 00:54:57.710
things down
00:54:57.710 --> 00:54:59.710
really well you see the markets you've done well
00:54:59.710 --> 00:55:01.710
in the markets
00:55:01.710 --> 00:55:03.710
how's it going john
00:55:03.710 --> 00:55:05.710
oh it's fantastic david seriously
00:55:05.710 --> 00:55:07.710
and yeah when you and i did
00:55:07.710 --> 00:55:09.710
that show gosh a couple years ago
00:55:09.710 --> 00:55:11.710
the first time we were together
00:55:11.710 --> 00:55:13.710
bitcoin was probably
00:55:13.710 --> 00:55:15.710
28,000 or something like that
00:55:15.710 --> 00:55:17.710
it put on a hundred thousand
00:55:17.710 --> 00:55:19.710
dollars and yet there were still
00:55:19.710 --> 00:55:21.710
doubters and you know it
00:55:21.710 --> 00:55:23.710
it's a lot of tax and fills
00:55:23.710 --> 00:55:25.710
it goes through these
00:55:25.710 --> 00:55:27.710
so-called crypto winters or whatever
00:55:27.710 --> 00:55:29.710
but
00:55:29.710 --> 00:55:31.710
yeah i'm still a true believer
00:55:31.710 --> 00:55:33.710
i don't trade it anymore though
00:55:33.710 --> 00:55:35.710
the only thing i trade is ethereum
00:55:35.710 --> 00:55:37.710
and salana
00:55:37.710 --> 00:55:39.710
i just own bitcoin i don't trade it
00:55:39.710 --> 00:55:41.710
because
00:55:41.710 --> 00:55:43.710
david i like to sleep too much
00:55:43.710 --> 00:55:45.710
too much of it moves
00:55:45.710 --> 00:55:47.710
at night and
00:55:47.710 --> 00:55:49.710
i really do like to sleep so
00:55:49.710 --> 00:55:51.710
i don't trade it i just buy it
00:55:51.710 --> 00:55:53.710
if it pulls back
00:55:53.710 --> 00:55:55.710
dramatically like it did this year
00:55:55.710 --> 00:55:57.710
i buy a little more
00:55:57.710 --> 00:55:59.710
i wish i had your kind of
00:55:59.710 --> 00:56:01.710
conviction to where i would buy a ton of it
00:56:01.710 --> 00:56:03.710
down there under 60,000
00:56:03.710 --> 00:56:05.710
but i buy a little
00:56:05.710 --> 00:56:07.710
here and there as it makes those big dips
00:56:07.710 --> 00:56:09.710
and then i just
00:56:09.710 --> 00:56:11.710
write it out i think that's
00:56:11.710 --> 00:56:13.710
for me anyway that's the way to play bitcoin
00:56:13.710 --> 00:56:15.710
it's so funny john
00:56:15.710 --> 00:56:17.710
because you sound exactly like
00:56:17.710 --> 00:56:19.710
a grand cardone your friend
00:56:19.710 --> 00:56:21.710
who when i had him on my show
00:56:21.710 --> 00:56:23.710
here
00:56:23.710 --> 00:56:25.710
before we had him
00:56:25.710 --> 00:56:27.710
the first time i had him on
00:56:27.710 --> 00:56:29.710
he was the same like he was like
00:56:29.710 --> 00:56:31.710
bitcoin i wish i had your kind of
00:56:31.710 --> 00:56:33.710
same type of language
00:56:33.710 --> 00:56:35.710
and now he's like
00:56:35.710 --> 00:56:37.710
i will sell my plane
00:56:37.710 --> 00:56:39.710
for 750 bitcoin
00:56:39.710 --> 00:56:41.710
now it's all about
00:56:41.710 --> 00:56:43.710
how much bitcoin can i accumulate
00:56:43.710 --> 00:56:45.710
so it's funny like
00:56:45.710 --> 00:56:47.710
maybe that changes with you maybe it doesn't
00:56:47.710 --> 00:56:49.710
it doesn't matter
00:56:49.710 --> 00:56:51.710
you said Ethereum and Solana
00:56:51.710 --> 00:56:53.710
why those two
00:56:53.710 --> 00:56:55.710
i just like the use cases
00:56:55.710 --> 00:56:57.710
for those better i mean i think
00:56:57.710 --> 00:56:59.710
that we all
00:56:59.710 --> 00:57:01.710
after being around it a while understand
00:57:01.710 --> 00:57:03.710
how expensive bitcoin is
00:57:03.710 --> 00:57:05.710
to transact and yet
00:57:05.710 --> 00:57:07.710
Solana is like
00:57:07.710 --> 00:57:09.710
that
00:57:09.710 --> 00:57:11.710
i'm not going to convince any maximalists
00:57:11.710 --> 00:57:13.710
that they should own it
00:57:13.710 --> 00:57:15.710
because that's not really the purpose
00:57:15.710 --> 00:57:17.710
in my mind
00:57:17.710 --> 00:57:19.710
for Solana
00:57:19.710 --> 00:57:21.710
i think the business case is the purpose
00:57:21.710 --> 00:57:23.710
for Solana and to a lesser extent
00:57:23.710 --> 00:57:25.710
Ethereum as well
00:57:25.710 --> 00:57:27.710
that's a business case
00:57:27.710 --> 00:57:29.710
for those two assets
00:57:29.710 --> 00:57:31.710
because they help you
00:57:31.710 --> 00:57:33.710
with any of the things that are built
00:57:33.710 --> 00:57:35.710
on
00:57:35.710 --> 00:57:37.710
the blockchain somebody
00:57:37.710 --> 00:57:39.710
wants somebody comes up with something great
00:57:39.710 --> 00:57:41.710
which by the way prediction
00:57:41.710 --> 00:57:43.710
exchanges are pretty great and
00:57:43.710 --> 00:57:45.710
they're running on the blockchain
00:57:45.710 --> 00:57:47.710
so i love
00:57:47.710 --> 00:57:49.710
what's going on with the
00:57:49.710 --> 00:57:51.710
blockchain and even with
00:57:51.710 --> 00:57:53.710
even though they can't get the clarity act
00:57:53.710 --> 00:57:55.710
across the finish line David
00:57:55.710 --> 00:57:57.710
that
00:57:57.710 --> 00:57:59.710
special exemption that they gave for
00:57:59.710 --> 00:58:01.710
five years
00:58:01.710 --> 00:58:03.710
for basically
00:58:03.710 --> 00:58:05.710
securitize or tokenizing
00:58:05.710 --> 00:58:07.710
assets and things in particular stocks
00:58:07.710 --> 00:58:09.710
i think is a great thing
00:58:09.710 --> 00:58:11.710
and i think it's partly what's behind this
00:58:11.710 --> 00:58:14.990
recent push to the upside
00:58:14.990 --> 00:58:16.990
you've been in wall street
00:58:16.990 --> 00:58:18.990
you've been in markets for such a long
00:58:18.990 --> 00:58:20.990
time
00:58:20.990 --> 00:58:22.990
at some
00:58:22.990 --> 00:58:24.990
point when crypto came out
00:58:24.990 --> 00:58:26.990
it was taboo people
00:58:26.990 --> 00:58:28.990
nobody wanted to do anything with crypto
00:58:28.990 --> 00:58:30.990
if anything they wanted to talk
00:58:30.990 --> 00:58:32.990
down about crypto talk shit about it
00:58:32.990 --> 00:58:34.990
say hey this is garbage
00:58:34.990 --> 00:58:36.990
now we see
00:58:36.990 --> 00:58:38.990
wall street
00:58:38.990 --> 00:58:40.990
trying to find ways to build on crypto
00:58:40.990 --> 00:58:42.990
tokenize
00:58:42.990 --> 00:58:44.990
things on crypto on chain
00:58:44.990 --> 00:58:46.990
and now you have fortune
00:58:46.990 --> 00:58:48.990
500 fortune 50 companies
00:58:48.990 --> 00:58:50.990
trying to do the same thing
00:58:50.990 --> 00:58:52.990
is it mind boggling to you
00:58:52.990 --> 00:58:54.990
the 180
00:58:54.990 --> 00:58:56.990
that's happened within the
00:58:56.990 --> 00:58:58.990
tri-fi industry because you again you've lived
00:58:58.990 --> 00:59:00.990
there you've lived it you've seen
00:59:00.990 --> 00:59:02.990
everything well
00:59:02.990 --> 00:59:04.990
maybe not everything but i've seen a lot
00:59:04.990 --> 00:59:06.990
and i remember
00:59:06.990 --> 00:59:08.990
david in
00:59:08.990 --> 00:59:10.990
2017-18
00:59:10.990 --> 00:59:12.990
i pitched cnbc on a show
00:59:12.990 --> 00:59:14.990
about crypto
00:59:14.990 --> 00:59:16.990
and they strung me along for like 6 or 8
00:59:16.990 --> 00:59:18.990
months saying yeah we're gonna do
00:59:18.990 --> 00:59:20.990
this we're gonna do this and then you know
00:59:20.990 --> 00:59:22.990
eventually crypto did what it does
00:59:22.990 --> 00:59:24.990
it made an adjustment
00:59:24.990 --> 00:59:26.990
whether it was a crypto
00:59:26.990 --> 00:59:28.990
winter or not it made an adjustment
00:59:28.990 --> 00:59:30.990
and came way down in price
00:59:30.990 --> 00:59:32.990
and all of a sudden they backed off and said no we're not
00:59:32.990 --> 00:59:34.990
doing this we're not doing this
00:59:34.990 --> 00:59:36.990
and i said this is exactly the time
00:59:36.990 --> 00:59:38.990
when you should be helping people
00:59:38.990 --> 00:59:40.990
because picking it up at
00:59:40.990 --> 00:59:42.990
6000 versus
00:59:42.990 --> 00:59:44.990
11 or 12 would seem
00:59:44.990 --> 00:59:46.990
to me like a better
00:59:46.990 --> 00:59:48.990
opportunity a better
00:59:48.990 --> 00:59:50.990
potential return
00:59:50.990 --> 00:59:52.990
and obviously
00:59:52.990 --> 00:59:54.990
making that decision to pass
00:59:54.990 --> 00:59:56.990
on it was something
00:59:56.990 --> 00:59:58.990
i'm sure they regretted and i certainly
00:59:58.990 --> 01:00:00.990
regretted it but
01:00:00.990 --> 01:00:02.990
i think it's
01:00:02.990 --> 01:00:04.990
an opportunity when people really
01:00:04.990 --> 01:00:06.990
doubt certain technologies
01:00:06.990 --> 01:00:08.990
you know i'm sure
01:00:08.990 --> 01:00:10.990
4 years ago it was ai
01:00:10.990 --> 01:00:12.990
data centers
01:00:12.990 --> 01:00:14.990
power for data centers it was all those
01:00:14.990 --> 01:00:16.990
things that were people were probably saying oh no
01:00:16.990 --> 01:00:18.990
no one's gonna
01:00:18.990 --> 01:00:20.990
do that no one's gonna
01:00:20.990 --> 01:00:22.990
put data centers in
01:00:22.990 --> 01:00:24.990
space like elon's talking about and not
01:00:24.990 --> 01:00:26.990
just talking about but
01:00:26.990 --> 01:00:28.990
basically getting ready to start doing
01:00:28.990 --> 01:00:30.990
i think
01:00:30.990 --> 01:00:32.990
when people push back against
01:00:32.990 --> 01:00:34.990
a legitimate technology
01:00:34.990 --> 01:00:36.990
again you know if this
01:00:36.990 --> 01:00:38.990
was a Ponzi scheme or
01:00:38.990 --> 01:00:40.990
something like that which some people have
01:00:40.990 --> 01:00:42.990
called cryptos a Ponzi scheme
01:00:42.990 --> 01:00:44.990
they're retarded
01:00:44.990 --> 01:00:46.990
you know they don't know what
01:00:46.990 --> 01:00:48.990
they're talking about it is not a Ponzi scheme
01:00:48.990 --> 01:00:50.990
the way
01:00:50.990 --> 01:00:52.990
for the way Ponzi's work as you
01:00:52.990 --> 01:00:54.990
know since you're wall street guy
01:00:54.990 --> 01:00:56.990
you're a new york guy i mean
01:00:56.990 --> 01:00:58.990
you know we've seen how people get
01:00:58.990 --> 01:01:00.990
ripped off in Ponzi schemes travis
01:01:00.990 --> 01:01:02.990
kelsey just got ripped
01:01:02.990 --> 01:01:04.990
off in a Ponzi scheme
01:01:04.990 --> 01:01:06.990
a couple million bucks
01:01:06.990 --> 01:01:08.990
i mean and that's sad and he probably did
01:01:08.990 --> 01:01:10.990
it because the guy of this
01:01:10.990 --> 01:01:12.990
i think can't remember if he was
01:01:12.990 --> 01:01:14.990
indian or pakistani gentleman
01:01:14.990 --> 01:01:16.990
but i'm not disparaging an entire
01:01:16.990 --> 01:01:18.990
race or anything i'm just saying
01:01:18.990 --> 01:01:20.990
whoever it was it was a foreigner
01:01:20.990 --> 01:01:22.990
that lured him in with some sort of
01:01:22.990 --> 01:01:24.990
great snake oil
01:01:24.990 --> 01:01:26.990
but i think
01:01:26.990 --> 01:01:28.990
when something sounds too good to be
01:01:28.990 --> 01:01:30.990
true you're good
01:01:30.990 --> 01:01:32.990
folks to be
01:01:32.990 --> 01:01:34.990
a little suspicious
01:01:34.990 --> 01:01:36.990
but then after you examine it
01:01:36.990 --> 01:01:38.990
if it really can be true
01:01:38.990 --> 01:01:40.990
then i think i mean like
01:01:40.990 --> 01:01:42.990
for instance right next door literally
01:01:42.990 --> 01:01:44.990
david next door to where i live
01:01:44.990 --> 01:01:46.990
is harry marcopolis
01:01:46.990 --> 01:01:48.990
the guy because i'm down in porto rico
01:01:48.990 --> 01:01:50.990
the guy who was
01:01:50.990 --> 01:01:52.990
behind outing
01:01:52.990 --> 01:01:54.990
bernie madoff
01:01:54.990 --> 01:01:56.990
mathematically bernie couldn't be doing
01:01:56.990 --> 01:01:58.990
what he was doing and yet no one
01:01:58.990 --> 01:02:00.990
wanted to believe him and when people
01:02:00.990 --> 01:02:02.990
asked me i didn't know bernie
01:02:02.990 --> 01:02:04.990
was a fraud but i
01:02:04.990 --> 01:02:06.990
met with him two or three times for
01:02:06.990 --> 01:02:08.990
big customers of ours
01:02:08.990 --> 01:02:10.990
and whenever i came
01:02:10.990 --> 01:02:12.990
back from those meetings i just said
01:02:12.990 --> 01:02:14.990
i don't know what he's doing but he's not
01:02:14.990 --> 01:02:16.990
doing what he says he's doing
01:02:16.990 --> 01:02:18.990
he'd take me to empty
01:02:18.990 --> 01:02:20.990
floors of the lipstick
01:02:20.990 --> 01:02:22.990
building with turrets all over the
01:02:22.990 --> 01:02:24.990
place and say this is where i'm going to
01:02:24.990 --> 01:02:26.990
have a hundred traders
01:02:26.990 --> 01:02:28.990
you know just flipping in and out of these
01:02:28.990 --> 01:02:30.990
stocks against the s and p and blah blah
01:02:30.990 --> 01:02:32.990
blah and i was like
01:02:32.990 --> 01:02:34.990
there's not that much edge in it you can't
01:02:34.990 --> 01:02:36.990
possibly make this kind of return on
01:02:36.990 --> 01:02:38.990
that so i i thought he just
01:02:38.990 --> 01:02:40.990
didn't want to tell me how he was really
01:02:40.990 --> 01:02:42.990
doing it so i didn't know
01:02:42.990 --> 01:02:44.990
that he was a fraud but again
01:02:44.990 --> 01:02:46.990
next door harry harry
01:02:46.990 --> 01:02:48.990
knew he was a fraud called him on it
01:02:48.990 --> 01:02:50.990
and eventually bernie couldn't make it
01:02:50.990 --> 01:02:52.990
work any longer and gave up the ghost
01:02:52.990 --> 01:02:54.990
so crazy if you're
01:02:54.990 --> 01:02:56.990
not letting greed
01:02:56.990 --> 01:02:58.990
take over i think you can
01:02:58.990 --> 01:03:00.990
do really really well in these markets
01:03:00.990 --> 01:03:02.990
in the crypto markets
01:03:02.990 --> 01:03:04.990
in futures
01:03:04.990 --> 01:03:06.990
and even prediction markets i think
01:03:06.990 --> 01:03:08.990
you can do really well in all those markets
01:03:08.990 --> 01:03:10.990
just don't believe somebody's got
01:03:10.990 --> 01:03:12.990
you know a bunch of magic beans in a bag
01:03:14.990 --> 01:03:16.990
you went from playing
01:03:16.990 --> 01:03:18.990
professional football into the
01:03:18.990 --> 01:03:20.990
markets how did that happen
01:03:22.990 --> 01:03:24.990
because most most athletes won't
01:03:24.990 --> 01:03:26.990
do it so you well
01:03:26.990 --> 01:03:28.990
my agent he was
01:03:28.990 --> 01:03:30.990
he was managing money
01:03:30.990 --> 01:03:32.990
for people and he was doing
01:03:32.990 --> 01:03:34.990
what was legitimate at the time
01:03:34.990 --> 01:03:36.990
which was rolling income from
01:03:36.990 --> 01:03:38.990
one year to the next and
01:03:38.990 --> 01:03:40.990
how do you do that for instance
01:03:40.990 --> 01:03:42.990
well if i
01:03:42.990 --> 01:03:44.990
put on a four legged spread in other
01:03:44.990 --> 01:03:46.990
words i'm long this call short this call
01:03:46.990 --> 01:03:48.990
long this put short this put
01:03:48.990 --> 01:03:50.990
that's known as a box
01:03:50.990 --> 01:03:52.990
so you put that thing on it's got
01:03:52.990 --> 01:03:54.990
no upside potential
01:03:54.990 --> 01:03:56.990
it's just going to be whatever
01:03:56.990 --> 01:03:58.990
the strike differentials are in that
01:03:58.990 --> 01:04:00.990
box so for instance if it's
01:04:00.990 --> 01:04:02.990
a hundred point box it's just going to be
01:04:02.990 --> 01:04:04.990
worth a hundred that's it but then
01:04:04.990 --> 01:04:06.990
you wait until one side
01:04:06.990 --> 01:04:08.990
moves against you but again it's
01:04:08.990 --> 01:04:10.990
all locked in for everything that works
01:04:10.990 --> 01:04:12.990
against this call it's going to
01:04:12.990 --> 01:04:14.990
work for you in this call and so forth
01:04:14.990 --> 01:04:16.990
so anyway he
01:04:16.990 --> 01:04:18.990
was rolling money from
01:04:18.990 --> 01:04:20.990
one year to the next for a whole bunch
01:04:20.990 --> 01:04:22.990
of pro athletes and the problem
01:04:22.990 --> 01:04:24.990
was as it always
01:04:24.990 --> 01:04:26.990
is a lot of those
01:04:26.990 --> 01:04:28.990
guys spent the money that they
01:04:28.990 --> 01:04:30.990
rolled from year to year so in other
01:04:30.990 --> 01:04:32.990
words if i'm making ten million a year
01:04:32.990 --> 01:04:34.990
and i owe five million in taxes
01:04:34.990 --> 01:04:36.990
and i pushed that taxable liability
01:04:36.990 --> 01:04:38.990
to next year i still
01:04:38.990 --> 01:04:40.990
owe five million next year plus
01:04:40.990 --> 01:04:42.990
whatever i make so but they'd spend
01:04:42.990 --> 01:04:44.990
it because they had posse
01:04:44.990 --> 01:04:46.990
they had x wives
01:04:46.990 --> 01:04:48.990
they had all the things that
01:04:48.990 --> 01:04:50.990
people that get very rich
01:04:50.990 --> 01:04:52.990
tend to have boats planes
01:04:52.990 --> 01:04:54.990
cars and they didn't have the
01:04:54.990 --> 01:04:56.990
money to pay and so eventually
01:04:56.990 --> 01:04:58.990
the government really crack
01:04:58.990 --> 01:05:00.990
down on rolling money from one year
01:05:00.990 --> 01:05:02.990
to the next they wouldn't let you do
01:05:02.990 --> 01:05:04.990
it and
01:05:04.990 --> 01:05:06.990
that's what got me into the markets
01:05:06.990 --> 01:05:08.990
though was working for all those pro
01:05:08.990 --> 01:05:10.990
athletes and for my agent
01:05:10.990 --> 01:05:12.990
and luckily it was in
01:05:12.990 --> 01:05:14.990
chicago david where we had
01:05:14.990 --> 01:05:16.990
some of the biggest pits in the world
01:05:16.990 --> 01:05:18.990
i mean like three thousand people
01:05:18.990 --> 01:05:20.990
at the merc two thousand people
01:05:20.990 --> 01:05:22.990
at the board of trade
01:05:22.990 --> 01:05:24.990
sixteen hundred people at the
01:05:24.990 --> 01:05:26.990
chicago board option exchange
01:05:26.990 --> 01:05:28.990
and we'd trade all day it was
01:05:28.990 --> 01:05:30.990
exciting it was the most fun
01:05:30.990 --> 01:05:32.990
you could have with your clothes on
01:05:32.990 --> 01:05:34.990
i always tell people and
01:05:34.990 --> 01:05:36.990
probably unlike only fans one
01:05:36.990 --> 01:05:38.990
of the ways you can make money
01:05:38.990 --> 01:05:40.990
that's funny
01:05:40.990 --> 01:05:42.990
okay
01:05:42.990 --> 01:05:44.990
let me ask you this question now
01:05:44.990 --> 01:05:46.990
right
01:05:46.990 --> 01:05:48.990
that was a good one
01:05:48.990 --> 01:05:50.990
rates
01:05:50.990 --> 01:05:52.990
did you expect
01:05:52.990 --> 01:05:54.990
the fed to raise rates
01:05:54.990 --> 01:05:56.990
and i did
01:05:56.990 --> 01:05:58.990
they raise it not because
01:05:58.990 --> 01:06:00.990
i'm psychic either yeah just like
01:06:00.990 --> 01:06:02.990
you i mean i follow the
01:06:02.990 --> 01:06:04.990
money so
01:06:04.990 --> 01:06:06.990
that's why i mean just this morning
01:06:06.990 --> 01:06:08.990
for instance my brother and i we were doing
01:06:08.990 --> 01:06:10.990
our streaming show and we were
01:06:10.990 --> 01:06:12.990
looking at cal-she and cal-she
01:06:12.990 --> 01:06:14.990
said what are the odds
01:06:14.990 --> 01:06:16.990
that the s and p is over
01:06:16.990 --> 01:06:18.990
eight thousand for the year and it
01:06:18.990 --> 01:06:20.990
was roughly seven seven
01:06:20.990 --> 01:06:22.990
five eight at that time seven
01:06:22.990 --> 01:06:24.990
thousand seven hundred and fifty eight
01:06:24.990 --> 01:06:26.990
and people are betting that by the end
01:06:26.990 --> 01:06:28.990
of the year it's over eight thousand
01:06:28.990 --> 01:06:30.990
great again it's more than
01:06:30.990 --> 01:06:32.990
just an opinion because people are putting
01:06:32.990 --> 01:06:34.990
money on the cal-she
01:06:34.990 --> 01:06:36.990
on that sixty six percent
01:06:36.990 --> 01:06:38.990
chance that it's above eight thousand
01:06:38.990 --> 01:06:40.990
okay great but
01:06:40.990 --> 01:06:42.990
the problem is only about a
01:06:42.990 --> 01:06:44.990
million two had been wagered there
01:06:44.990 --> 01:06:46.990
i'm sure when you open
01:06:46.990 --> 01:06:48.990
your freaking account in the morning
01:06:48.990 --> 01:06:50.990
there's a lot more money in it than that
01:06:50.990 --> 01:06:52.990
yeah so the fact that
01:06:52.990 --> 01:06:54.990
somebody's trading one point two million
01:06:54.990 --> 01:06:56.990
spread out between
01:06:56.990 --> 01:06:58.990
i don't know a thousand different investors
01:06:58.990 --> 01:07:00.990
that's not
01:07:00.990 --> 01:07:02.990
really following the smart money
01:07:02.990 --> 01:07:04.990
that's following really really amateur
01:07:04.990 --> 01:07:06.990
money but
01:07:06.990 --> 01:07:08.990
on the cme and any
01:07:08.990 --> 01:07:10.990
of your listeners can go there right now
01:07:10.990 --> 01:07:12.990
just google this folks cme
01:07:12.990 --> 01:07:14.990
tool
01:07:14.990 --> 01:07:16.990
and the cme tool is they take
01:07:16.990 --> 01:07:18.990
a look at the ten year bonds
01:07:18.990 --> 01:07:20.990
that are trading the treasuries that are trading
01:07:20.990 --> 01:07:22.990
the twenty year the thirty year
01:07:22.990 --> 01:07:24.990
and they put all that together
01:07:24.990 --> 01:07:26.990
and it comes up with
01:07:26.990 --> 01:07:28.990
a uh an
01:07:28.990 --> 01:07:30.990
estimate for the likelihood
01:07:30.990 --> 01:07:32.990
that the fed is going to move at its next meeting
01:07:32.990 --> 01:07:34.990
and going into
01:07:34.990 --> 01:07:36.990
the meeting last wednesday it was a
01:07:36.990 --> 01:07:38.990
ninety two percent chance
01:07:38.990 --> 01:07:40.990
that's that the fed was going to move
01:07:40.990 --> 01:07:42.990
based on
01:07:42.990 --> 01:07:44.990
billions hundreds of billions of
01:07:44.990 --> 01:07:46.990
dollars traded in
01:07:46.990 --> 01:07:48.990
three month five year
01:07:48.990 --> 01:07:50.990
ten year twenty year thirty year
01:07:50.990 --> 01:07:52.990
treasuries and bills
01:07:52.990 --> 01:07:54.990
so that's the most accurate predictor
01:07:54.990 --> 01:07:56.990
you could possibly have
01:07:56.990 --> 01:07:58.990
those trades are almost
01:07:58.990 --> 01:08:00.990
never wrong when they're that
01:08:00.990 --> 01:08:02.990
one-sided you know if it was
01:08:02.990 --> 01:08:04.990
fifty five forty five
01:08:04.990 --> 01:08:06.990
yeah they could be wrong
01:08:06.990 --> 01:08:08.990
but it wasn't fifty five forty five
01:08:08.990 --> 01:08:10.990
it was a ninety percent chance
01:08:10.990 --> 01:08:12.990
so going into the next meeting
01:08:12.990 --> 01:08:14.990
you guys out there just google
01:08:14.990 --> 01:08:16.990
cme tool and you'll see ok
01:08:16.990 --> 01:08:18.990
it's what is it a fifty four
01:08:18.990 --> 01:08:20.990
percent chance right now that they move
01:08:20.990 --> 01:08:22.990
again at their next meeting
01:08:22.990 --> 01:08:24.990
that's not overwhelming odds
01:08:24.990 --> 01:08:26.990
so far that's basically a coin flip
01:08:26.990 --> 01:08:28.990
but as we get closer to the meeting
01:08:28.990 --> 01:08:30.990
those odds will change
01:08:30.990 --> 01:08:32.990
and that's what you want to run with
01:08:32.990 --> 01:08:34.990
well they said that they want to do another
01:08:34.990 --> 01:08:36.990
rate hike
01:08:36.990 --> 01:08:38.990
whether it's next month or
01:08:38.990 --> 01:08:40.990
in November they said by the end
01:08:40.990 --> 01:08:42.990
of the year Kevin did say
01:08:42.990 --> 01:08:44.990
that the fed share
01:08:44.990 --> 01:08:46.990
they're looking to go ahead and
01:08:46.990 --> 01:08:48.990
apparently another one's coming
01:08:48.990 --> 01:08:50.990
Trump not thrilled
01:08:50.990 --> 01:08:52.990
with it
01:08:52.990 --> 01:08:54.990
wants the rates to be lower
01:08:54.990 --> 01:08:56.990
he doesn't understand Kevin's decision
01:08:56.990 --> 01:08:58.990
because Kevin had no other choice
01:08:58.990 --> 01:09:00.990
because everybody else was going to vote
01:09:00.990 --> 01:09:02.990
for a hike so he was ok with him
01:09:02.990 --> 01:09:04.990
voting for it
01:09:04.990 --> 01:09:06.990
but Trump is adamant about
01:09:06.990 --> 01:09:08.990
lowering the rates
01:09:08.990 --> 01:09:10.990
but Kevin to come out say that the economy
01:09:10.990 --> 01:09:12.990
is doing really well
01:09:12.990 --> 01:09:14.990
everything was bullish on the economy
01:09:14.990 --> 01:09:16.990
the growth and all that stuff
01:09:16.990 --> 01:09:18.990
but we need to go ahead and curb inflation
01:09:18.990 --> 01:09:20.990
so the you know
01:09:20.990 --> 01:09:22.990
let's go ahead and hike rates
01:09:22.990 --> 01:09:24.990
but the clarity act not passing
01:09:24.990 --> 01:09:26.990
because they couldn't
01:09:26.990 --> 01:09:28.990
we have a congress that can't take a bill
01:09:28.990 --> 01:09:30.990
to the next step
01:09:30.990 --> 01:09:32.990
to you know they talk about
01:09:32.990 --> 01:09:34.990
hey I want to make adjustments to this bill
01:09:34.990 --> 01:09:36.990
so vote to go ahead and take it to
01:09:36.990 --> 01:09:38.990
that part of
01:09:38.990 --> 01:09:40.990
making those adjustments and having those
01:09:40.990 --> 01:09:42.990
discussions they wouldn't even vote for that
01:09:42.990 --> 01:09:44.990
which is crazy
01:09:44.990 --> 01:09:46.990
so they're not really working for the American people
01:09:46.990 --> 01:09:48.990
it's both sides
01:09:48.990 --> 01:09:50.990
I'm a Republican but I have to lay in
01:09:50.990 --> 01:09:52.990
to also vote and know
01:09:52.990 --> 01:09:54.990
what are you guys doing here man
01:09:54.990 --> 01:09:56.990
so you have that
01:09:56.990 --> 01:09:58.990
the clarity act goes dead
01:09:58.990 --> 01:10:00.990
and you have rake hikes
01:10:00.990 --> 01:10:02.990
and then
01:10:02.990 --> 01:10:04.990
the markets go up
01:10:04.990 --> 01:10:06.990
it was almost like the rates were priced in
01:10:06.990 --> 01:10:08.990
for the hikes
01:10:08.990 --> 01:10:10.990
and everybody already knew the clarity act
01:10:10.990 --> 01:10:12.990
wasn't going to pass
01:10:12.990 --> 01:10:14.990
the SEC comes out with the CFTC
01:10:14.990 --> 01:10:16.990
presents a better version
01:10:16.990 --> 01:10:18.990
of the clarity act
01:10:18.990 --> 01:10:20.990
the big markets were happy
01:10:20.990 --> 01:10:22.990
big companies were happy
01:10:22.990 --> 01:10:24.990
and crypto was happy
01:10:24.990 --> 01:10:26.990
traditional markets are happy
01:10:26.990 --> 01:10:28.990
and it looks like it keeps going up
01:10:28.990 --> 01:10:30.990
you agree with that?
01:10:30.990 --> 01:10:32.990
yeah I do agree with it
01:10:32.990 --> 01:10:34.990
and I think it's for good reason too
01:10:34.990 --> 01:10:36.990
I'll throw out a couple that
01:10:36.990 --> 01:10:38.990
some of your left leaning
01:10:38.990 --> 01:10:40.990
viewers might not like hearing this
01:10:40.990 --> 01:10:42.990
I don't have much
01:10:42.990 --> 01:10:44.990
I gotta tell you
01:10:44.990 --> 01:10:46.990
well you know what I do have
01:10:46.990 --> 01:10:48.990
the left side of the fence over there
01:10:48.990 --> 01:10:50.990
I love you guys
01:10:50.990 --> 01:10:52.990
they do show up to go ahead and bark at me
01:10:52.990 --> 01:10:54.990
they 100% show up to bark
01:10:54.990 --> 01:10:56.990
well so for instance
01:10:56.990 --> 01:10:58.990
the census department
01:10:58.990 --> 01:11:00.990
which Trump does not control
01:11:00.990 --> 01:11:02.990
came out with the fact
01:11:02.990 --> 01:11:04.990
that we're at the lowest poverty rate
01:11:04.990 --> 01:11:06.990
in history
01:11:06.990 --> 01:11:08.990
in the US
01:11:08.990 --> 01:11:10.990
lowest poverty rate among Hispanics
01:11:10.990 --> 01:11:12.990
lowest poverty rate among blacks
01:11:12.990 --> 01:11:14.990
lowest poverty rate among children
01:11:14.990 --> 01:11:16.990
and at the same time
01:11:16.990 --> 01:11:18.990
the highest wealth
01:11:18.990 --> 01:11:20.990
in the history of our country
01:11:20.990 --> 01:11:22.990
196 trillion dollars
01:11:22.990 --> 01:11:24.990
in this country
01:11:24.990 --> 01:11:26.990
and then you look at
01:11:26.990 --> 01:11:28.990
a million new jobs
01:11:28.990 --> 01:11:30.990
private sector
01:11:30.990 --> 01:11:32.990
not government jobs
01:11:32.990 --> 01:11:34.990
private sector jobs
01:11:34.990 --> 01:11:36.990
and we've deported almost 2 million people
01:11:36.990 --> 01:11:38.990
either they've self deported
01:11:38.990 --> 01:11:40.990
or we've deported them
01:11:40.990 --> 01:11:42.990
so regular Americans are getting those jobs
01:11:42.990 --> 01:11:44.990
which is fantastic
01:11:44.990 --> 01:11:46.990
so
01:11:46.990 --> 01:11:48.990
the reasons I think David
01:11:48.990 --> 01:11:50.990
that the markets are going up
01:11:50.990 --> 01:11:52.990
is record earnings
01:11:52.990 --> 01:11:54.990
the fact that we're at full employment
01:11:54.990 --> 01:11:56.990
the fact that
01:11:56.990 --> 01:11:58.990
if it weren't for two factors
01:11:58.990 --> 01:12:00.990
we'd be below 2%
01:12:00.990 --> 01:12:02.990
in PCE
01:12:02.990 --> 01:12:04.990
in inflation
01:12:04.990 --> 01:12:06.990
and what are those two
01:12:06.990 --> 01:12:08.990
one of them is
01:12:08.990 --> 01:12:10.990
that owners equivalent rent
01:12:10.990 --> 01:12:12.990
is your place in New York David
01:12:12.990 --> 01:12:14.990
I'll bet you do
01:12:14.990 --> 01:12:16.990
and I do down here in Puerto Rico
01:12:16.990 --> 01:12:18.990
they
01:12:18.990 --> 01:12:20.990
don't calculate what I paid for my house
01:12:20.990 --> 01:12:22.990
they instead
01:12:22.990 --> 01:12:24.990
just say well the owner
01:12:24.990 --> 01:12:26.990
equivalent rent for John's place
01:12:26.990 --> 01:12:28.990
is this number
01:12:28.990 --> 01:12:30.990
it's not what John paid for it
01:12:30.990 --> 01:12:32.990
it's this number it's much higher
01:12:32.990 --> 01:12:34.990
well when you factor that in
01:12:34.990 --> 01:12:36.990
to the PCE calculation
01:12:36.990 --> 01:12:38.990
you get 25%
01:12:38.990 --> 01:12:40.990
increase in the
01:12:40.990 --> 01:12:42.990
rate of inflation
01:12:42.990 --> 01:12:44.990
on that one thing alone
01:12:44.990 --> 01:12:46.990
and then of course the other is
01:12:46.990 --> 01:12:48.990
that we are fighting a war
01:12:48.990 --> 01:12:50.990
I happen to agree with it
01:12:50.990 --> 01:12:52.990
I know not everybody does but I agree with it
01:12:52.990 --> 01:12:54.990
because I think it's really
01:12:54.990 --> 01:12:56.990
dangerous to have a bad actor
01:12:56.990 --> 01:12:58.990
like a country
01:12:58.990 --> 01:13:00.990
that has
01:13:00.990 --> 01:13:02.990
Iranian people I love them
01:13:02.990 --> 01:13:04.990
a lot of my friends a lot of my country
01:13:04.990 --> 01:13:06.990
and I'm Armenian and Swedish
01:13:06.990 --> 01:13:08.990
a lot of my countrymen
01:13:08.990 --> 01:13:10.990
live in Iran
01:13:10.990 --> 01:13:12.990
they are persecuted all the time
01:13:12.990 --> 01:13:14.990
of course because if you're not Muslim
01:13:14.990 --> 01:13:16.990
you're persecuted
01:13:16.990 --> 01:13:18.990
Iran used to be a great place
01:13:18.990 --> 01:13:20.990
47 years now it's been a shit place
01:13:20.990 --> 01:13:22.990
and you know
01:13:22.990 --> 01:13:24.990
do I think they should have nuclear weapons
01:13:24.990 --> 01:13:26.990
no do I think they'd use them
01:13:26.990 --> 01:13:28.990
absolutely
01:13:28.990 --> 01:13:30.990
we're the only country obviously
01:13:30.990 --> 01:13:32.990
that's ever used them in a war
01:13:32.990 --> 01:13:34.990
or for any conflict
01:13:34.990 --> 01:13:35.990
but China has them
01:13:35.990 --> 01:13:36.990
China hasn't used them
01:13:36.990 --> 01:13:37.990
Russia has them
01:13:37.990 --> 01:13:38.990
they haven't used them
01:13:38.990 --> 01:13:39.990
Israel has them
01:13:39.990 --> 01:13:40.990
they haven't used them
01:13:40.990 --> 01:13:41.990
I mean
01:13:41.990 --> 01:13:43.990
but if these guys got them
01:13:43.990 --> 01:13:44.990
they would use them
01:13:44.990 --> 01:13:46.990
for exactly the sort of
01:13:46.990 --> 01:13:48.990
stupid activity
01:13:48.990 --> 01:13:50.990
that they're doing right now
01:13:50.990 --> 01:13:53.990
I mean right now they're fighting the biggest power on earth
01:13:53.990 --> 01:13:55.990
as long as they possibly can
01:13:55.990 --> 01:13:57.990
just wearing out their
01:13:57.990 --> 01:13:59.990
treasury wearing out their soldiers
01:13:59.990 --> 01:14:01.990
and the IRGC I could
01:14:01.990 --> 01:14:03.990
give two F's about
01:14:03.990 --> 01:14:05.990
you know I hope they all go away
01:14:05.990 --> 01:14:06.990
but
01:14:06.990 --> 01:14:09.990
those are the drivers for inflation
01:14:09.990 --> 01:14:10.990
crude oil
01:14:10.990 --> 01:14:12.990
because everything from the planes
01:14:12.990 --> 01:14:14.990
to the boats that carry stuff
01:14:14.990 --> 01:14:17.990
to the trucks that deliver via diesel
01:14:17.990 --> 01:14:19.990
to your cars driving around
01:14:19.990 --> 01:14:22.990
everything runs on crude oil
01:14:22.990 --> 01:14:23.990
or fossil fuel
01:14:23.990 --> 01:14:25.990
so that's why
01:14:25.990 --> 01:14:27.990
because we're over 90 a barrel
01:14:27.990 --> 01:14:29.990
that's why we've got inflation
01:14:29.990 --> 01:14:31.990
but if you take out the owner's equivalent rent
01:14:31.990 --> 01:14:34.990
we'd still be down below 2%
01:14:34.990 --> 01:14:36.990
because it's 25%
01:14:36.990 --> 01:14:38.990
of that calculation right now
01:14:38.990 --> 01:14:40.990
which is ludicrous
01:14:40.990 --> 01:14:41.990
ludicrous
01:14:41.990 --> 01:14:42.990
yeah
01:14:42.990 --> 01:14:44.990
look I do agree
01:14:44.990 --> 01:14:45.990
I talk about this all the time
01:14:45.990 --> 01:14:46.990
I do agree
01:14:46.990 --> 01:14:47.990
you know like
01:14:47.990 --> 01:14:49.990
Iran cannot have a nuclear weapon
01:14:49.990 --> 01:14:51.990
it cannot
01:14:51.990 --> 01:14:53.990
it has supported terrorism
01:14:53.990 --> 01:14:56.990
not just killed Americans
01:14:56.990 --> 01:14:58.990
but it has killed a lot of people
01:14:58.990 --> 01:15:00.990
with the funds that they have
01:15:00.990 --> 01:15:02.990
given out to terrorist organizations
01:15:02.990 --> 01:15:04.990
to do nasty shit out here
01:15:04.990 --> 01:15:05.990
in this world
01:15:05.990 --> 01:15:06.990
so imagine them
01:15:06.990 --> 01:15:08.990
with nuclear capabilities
01:15:08.990 --> 01:15:10.990
it would be absolutely
01:15:10.990 --> 01:15:12.990
devastating to the entire world
01:15:12.990 --> 01:15:14.990
and I have this argument all the time
01:15:14.990 --> 01:15:15.990
so yeah like we
01:15:15.990 --> 01:15:16.990
we went in there
01:15:16.990 --> 01:15:18.990
Trump had balls to go in there
01:15:18.990 --> 01:15:21.990
obviously we all want the war to come to an end
01:15:21.990 --> 01:15:23.990
these guys are still fighting
01:15:23.990 --> 01:15:24.990
it's not the
01:15:24.990 --> 01:15:25.990
and I agree with you
01:15:25.990 --> 01:15:27.990
I have a lot of you know Iranian friends
01:15:27.990 --> 01:15:29.990
they want to see the
01:15:29.990 --> 01:15:31.990
this terroristic regime
01:15:31.990 --> 01:15:32.990
toppled already
01:15:32.990 --> 01:15:34.990
47 years of suffering
01:15:34.990 --> 01:15:36.990
nobody talks about the 50,000
01:15:36.990 --> 01:15:37.990
innocent
01:15:37.990 --> 01:15:39.990
plus we wouldn't even know the exact number
01:15:39.990 --> 01:15:41.990
but killed nobody talks about
01:15:41.990 --> 01:15:42.990
any of that stuff
01:15:42.990 --> 01:15:44.990
by this regime
01:15:44.990 --> 01:15:46.990
I really hope that
01:15:46.990 --> 01:15:47.990
one day
01:15:47.990 --> 01:15:49.990
they'll be able to go back
01:15:49.990 --> 01:15:51.990
to the way they used to be
01:15:51.990 --> 01:15:53.990
they had a democracy
01:15:53.990 --> 01:15:55.990
they had freedom
01:15:55.990 --> 01:15:57.990
in that country to
01:15:57.990 --> 01:15:59.990
you know just live and go about business
01:15:59.990 --> 01:16:01.990
like we do here
01:16:01.990 --> 01:16:03.990
let's talk about
01:16:03.990 --> 01:16:05.990
before you go let's talk about
01:16:05.990 --> 01:16:07.990
rebelcon 2026
01:16:07.990 --> 01:16:08.990
you must be
01:16:08.990 --> 01:16:10.990
let's go ahead and put this up here
01:16:10.990 --> 01:16:12.990
tell me about who's coming
01:16:12.990 --> 01:16:14.990
I look at this sheet
01:16:14.990 --> 01:16:15.990
so many people are coming
01:16:15.990 --> 01:16:17.990
tell me more about this event
01:16:17.990 --> 01:16:18.990
for those who don't know
01:16:18.990 --> 01:16:20.990
we gotta get your picture up there David
01:16:20.990 --> 01:16:21.990
there you go
01:16:21.990 --> 01:16:24.990
I'm hearing David might be coming folks
01:16:25.990 --> 01:16:27.990
and we would love to have
01:16:27.990 --> 01:16:29.990
David Goxton out there
01:16:29.990 --> 01:16:30.990
at rebelcon
01:16:30.990 --> 01:16:31.990
so who do we have
01:16:31.990 --> 01:16:33.990
we have Doug Flutie
01:16:33.990 --> 01:16:35.990
obviously Heisman award winner
01:16:35.990 --> 01:16:37.990
he's in the hall of fame for college
01:16:37.990 --> 01:16:39.990
and for pro football
01:16:39.990 --> 01:16:40.990
on the Canadian side
01:16:40.990 --> 01:16:42.990
not the US hall
01:16:42.990 --> 01:16:44.990
but obviously a tremendous
01:16:44.990 --> 01:16:46.990
athlete
01:16:46.990 --> 01:16:48.990
and a lot of folks look up to
01:16:48.990 --> 01:16:49.990
Doug Flutie
01:16:49.990 --> 01:16:50.990
we've got Lonnie Paxton
01:16:50.990 --> 01:16:51.990
who is the center
01:16:51.990 --> 01:16:53.990
and long snapper for Tom Brady
01:16:53.990 --> 01:16:55.990
he's got three Super Bowl rings
01:16:55.990 --> 01:16:57.990
we've got Grant Cardone
01:16:57.990 --> 01:16:59.990
four billion dollars
01:16:59.990 --> 01:17:01.990
in real estate
01:17:01.990 --> 01:17:03.990
through private reeds
01:17:03.990 --> 01:17:04.990
that he runs
01:17:04.990 --> 01:17:06.990
Steve Grasso
01:17:06.990 --> 01:17:07.990
who helps companies
01:17:07.990 --> 01:17:08.990
get over the line
01:17:08.990 --> 01:17:11.990
when they're basically raising money
01:17:11.990 --> 01:17:13.990
we've got
01:17:13.990 --> 01:17:15.990
one of the premier guys
01:17:15.990 --> 01:17:17.990
in quantum
01:17:17.990 --> 01:17:18.990
believe it or not David
01:17:18.990 --> 01:17:20.990
he runs something called
01:17:20.990 --> 01:17:22.990
Excite Capital
01:17:22.990 --> 01:17:24.990
his quantum
01:17:24.990 --> 01:17:26.990
platform trades
01:17:26.990 --> 01:17:28.990
in the neighborhood of 200 times
01:17:28.990 --> 01:17:30.990
a second
01:17:30.990 --> 01:17:31.990
he's not buying order flow
01:17:31.990 --> 01:17:33.990
and trading against it
01:17:33.990 --> 01:17:34.990
he is instead
01:17:34.990 --> 01:17:36.990
the thing is just picking up
01:17:36.990 --> 01:17:38.990
fractions of pennies
01:17:38.990 --> 01:17:39.990
all day long
01:17:39.990 --> 01:17:40.990
throughout the day
01:17:40.990 --> 01:17:41.990
in this
01:17:41.990 --> 01:17:43.990
quantum generated
01:17:43.990 --> 01:17:45.990
trading platform
01:17:45.990 --> 01:17:47.990
we've got
01:17:47.990 --> 01:17:48.990
Todd Ault
01:17:48.990 --> 01:17:49.990
he's got a big
01:17:49.990 --> 01:17:50.990
he's a big crypto miner
01:17:50.990 --> 01:17:52.990
he's also
01:17:52.990 --> 01:17:53.990
in the vault space
01:17:53.990 --> 01:17:54.990
that
01:17:54.990 --> 01:17:55.990
obviously David
01:17:55.990 --> 01:17:56.990
and other people
01:17:56.990 --> 01:17:58.990
understand much better than I do
01:17:58.990 --> 01:18:00.990
but I'd love to work with him on that
01:18:00.990 --> 01:18:02.990
we've got
01:18:02.990 --> 01:18:03.990
Janet Alvarez
01:18:03.990 --> 01:18:05.990
from Sirius XM
01:18:05.990 --> 01:18:07.990
coming on out
01:18:07.990 --> 01:18:08.990
we've got
01:18:08.990 --> 01:18:10.990
let's see who else on that list
01:18:10.990 --> 01:18:11.990
Derek Stevens
01:18:11.990 --> 01:18:13.990
he's kind of in the middle
01:18:13.990 --> 01:18:14.990
right above the N
01:18:14.990 --> 01:18:16.990
and Rebel Con
01:18:16.990 --> 01:18:17.990
Derek and his brother
01:18:17.990 --> 01:18:19.990
built this casino
01:18:19.990 --> 01:18:20.990
there are auto parts
01:18:20.990 --> 01:18:22.990
billionaires from Detroit
01:18:22.990 --> 01:18:24.990
and they put together
01:18:24.990 --> 01:18:26.990
a portfolio now
01:18:26.990 --> 01:18:28.990
of three casinos
01:18:28.990 --> 01:18:29.990
in Vegas
01:18:29.990 --> 01:18:31.990
they own the Golden Gate
01:18:31.990 --> 01:18:33.990
they own the D casino
01:18:33.990 --> 01:18:34.990
and they built
01:18:34.990 --> 01:18:36.990
Circa from the ground up
01:18:36.990 --> 01:18:37.990
billion dollar casino
01:18:37.990 --> 01:18:39.990
nobody else's money
01:18:39.990 --> 01:18:40.990
it's not a REIT
01:18:40.990 --> 01:18:42.990
like virtually every other casino
01:18:42.990 --> 01:18:43.990
as you know David
01:18:43.990 --> 01:18:44.990
in Vegas
01:18:44.990 --> 01:18:46.990
whether it's Caesar's
01:18:46.990 --> 01:18:47.990
or Wynn
01:18:47.990 --> 01:18:48.990
or
01:18:48.990 --> 01:18:50.990
Resort's International
01:18:50.990 --> 01:18:52.990
most of them are just REITs
01:18:52.990 --> 01:18:54.990
real estate investment trusts
01:18:54.990 --> 01:18:56.990
and somebody inside of it
01:18:56.990 --> 01:18:57.990
runs the casino
01:18:57.990 --> 01:18:59.990
and or the sports book
01:18:59.990 --> 01:19:00.990
Derek
01:19:00.990 --> 01:19:01.990
he and his brother
01:19:01.990 --> 01:19:02.990
built this place
01:19:02.990 --> 01:19:04.990
from the ground up
01:19:04.990 --> 01:19:05.990
literally
01:19:05.990 --> 01:19:07.990
and now they have the biggest sports book
01:19:07.990 --> 01:19:08.990
in the world
01:19:08.990 --> 01:19:10.990
and the biggest outdoor sports book
01:19:10.990 --> 01:19:11.990
in the world
01:19:11.990 --> 01:19:12.990
it's fabulous
01:19:12.990 --> 01:19:14.990
and hopefully we'll have you
01:19:14.990 --> 01:19:16.990
out there on stage as well David
01:19:16.990 --> 01:19:18.990
because I know people would
01:19:18.990 --> 01:19:20.990
love to hear from you
01:19:20.990 --> 01:19:22.990
and hopefully we can get Rob Nelson
01:19:22.990 --> 01:19:24.990
to do a little
01:19:24.990 --> 01:19:25.990
you know
01:19:25.990 --> 01:19:27.990
fireside chats with some of these guys
01:19:27.990 --> 01:19:28.990
and so forth
01:19:28.990 --> 01:19:30.990
but I think it's going to be a fabulous time
01:19:30.990 --> 01:19:31.990
and as you said
01:19:31.990 --> 01:19:32.990
30% off
01:19:32.990 --> 01:19:34.990
if you come in through David
01:19:34.990 --> 01:19:36.990
Gochstein's link folks
01:19:36.990 --> 01:19:37.990
there you go
01:19:37.990 --> 01:19:38.990
there you go
01:19:38.990 --> 01:19:40.990
a legend like yourself
01:19:40.990 --> 01:19:42.990
I've been trying to get John on this program
01:19:42.990 --> 01:19:44.990
God knows how long
01:19:44.990 --> 01:19:45.990
I know you're busy
01:19:45.990 --> 01:19:47.990
call me anytime
01:19:47.990 --> 01:19:49.990
call me anytime David
01:19:49.990 --> 01:19:50.990
by the way Rob
01:19:50.990 --> 01:19:52.990
me and you agree with every
01:19:52.990 --> 01:19:54.990
me and you definitely agree with
01:19:54.990 --> 01:19:55.990
like I ran and everything
01:19:55.990 --> 01:19:56.990
if Rob was here
01:19:56.990 --> 01:19:58.990
oh my God
01:19:58.990 --> 01:19:59.990
oh yeah
01:19:59.990 --> 01:20:00.990
oh my God
01:20:00.990 --> 01:20:02.990
that is my boy Rob
01:20:02.990 --> 01:20:03.990
he's a
01:20:03.990 --> 01:20:05.990
he's white guys for Kamala
01:20:05.990 --> 01:20:07.990
he's probably watching
01:20:07.990 --> 01:20:09.990
I'm just messing
01:20:09.990 --> 01:20:11.990
Rob I'm messing around
01:20:11.990 --> 01:20:12.990
John
01:20:12.990 --> 01:20:14.990
love having you here
01:20:14.990 --> 01:20:17.990
you're definitely 100% a legend
01:20:17.990 --> 01:20:20.990
obviously if anybody knows that they know
01:20:20.990 --> 01:20:22.990
can't wait for October
01:20:22.990 --> 01:20:24.990
and Rubble Con
01:20:24.990 --> 01:20:26.990
2026
01:20:26.990 --> 01:20:28.990
and I will go ahead and put the link out there
01:20:28.990 --> 01:20:30.990
hopefully we get you back on the program
01:20:30.990 --> 01:20:32.990
we can go ahead and talk about the markets
01:20:32.990 --> 01:20:33.990
anytime
01:20:33.990 --> 01:20:34.990
awesome
01:20:34.990 --> 01:20:35.990
anytime love to
01:20:35.990 --> 01:20:37.990
appreciate you and your brother you guys
01:20:37.990 --> 01:20:39.990
are awesome to go ahead and watch
01:20:39.990 --> 01:20:42.990
thank you so much for coming on to this program though
01:20:42.990 --> 01:20:43.990
thank you David
01:20:43.990 --> 01:20:45.990
thank you everybody for watching
01:20:45.990 --> 01:20:46.990
that is John
01:20:46.990 --> 01:20:48.990
I'll go ahead and put his
01:20:48.990 --> 01:20:50.990
Twitter handle out there for you guys to go ahead
01:20:50.990 --> 01:20:51.990
and follow
01:20:51.990 --> 01:20:53.990
the legend okay
01:20:53.990 --> 01:20:54.990
you don't know about John
01:20:54.990 --> 01:20:55.990
I don't know what
01:20:55.990 --> 01:20:56.990
what planet you're living on
01:20:56.990 --> 01:21:00.990
but you can go ahead and give John a follow
01:21:00.990 --> 01:21:02.990
hopefully we can bring John on
01:21:02.990 --> 01:21:03.990
next month
01:21:03.990 --> 01:21:05.990
month after talk about markets
01:21:05.990 --> 01:21:06.990
really
01:21:06.990 --> 01:21:07.990
this man
01:21:07.990 --> 01:21:09.990
this man's a veteran
01:21:09.990 --> 01:21:11.990
knows what he's talking about
01:21:11.990 --> 01:21:13.990
you know when I talk about
01:21:13.990 --> 01:21:14.990
if you want to be a millionaire
01:21:14.990 --> 01:21:16.990
you surround yourself with millionaires
01:21:16.990 --> 01:21:17.990
you don't ask for money
01:21:17.990 --> 01:21:19.990
you just surround yourself
01:21:19.990 --> 01:21:20.990
around millionaires and billionaires
01:21:20.990 --> 01:21:21.990
and you become one
01:21:21.990 --> 01:21:23.990
you are who you surround yourself with
01:21:23.990 --> 01:21:26.990
you surround yourself with someone like John
01:21:26.990 --> 01:21:28.990
you become very successful
01:21:28.990 --> 01:21:30.990
these are the people that you try to go ahead
01:21:30.990 --> 01:21:32.990
and seek value from
01:21:32.990 --> 01:21:33.990
okay
01:21:33.990 --> 01:21:34.990
like a sponge
01:21:34.990 --> 01:21:36.990
and then you apply these things in real life
01:21:36.990 --> 01:21:39.990
and then you get to the places you want to go to
01:21:39.990 --> 01:21:41.990
I'm dead serious
01:21:41.990 --> 01:21:43.990
I keep telling you guys all the time man
01:21:43.990 --> 01:21:45.990
this is what you guys have to do
01:21:45.990 --> 01:21:46.990
in order to be successful
01:21:46.990 --> 01:21:47.990
period
01:21:47.990 --> 01:21:48.990
period
01:21:48.990 --> 01:21:50.990
on that note we'll go to commercial break
01:21:50.990 --> 01:21:52.990
and we'll be back to
01:21:52.990 --> 01:21:53.990
I guess end the show
01:21:53.990 --> 01:21:54.990
alright
01:21:54.990 --> 01:21:55.990
so stay tuned
01:21:55.990 --> 01:21:56.990
we'll be right back
01:21:56.990 --> 01:21:57.990
after this commercial break
01:22:15.140 --> 01:22:16.140
was it?
01:22:16.140 --> 01:22:18.140
maybe it was the idea
01:22:18.140 --> 01:22:23.000
of decentralizing a broken financial system
01:22:23.000 --> 01:22:26.000
maybe it was imagining a world where people own their own data
01:22:26.000 --> 01:22:32.900
and get to sharing the value it creates
01:22:32.900 --> 01:22:33.900
or maybe
01:22:33.900 --> 01:22:36.900
it was a promise of a fundamentally better way
01:22:36.900 --> 01:22:39.900
of connecting, communicating and transacting
01:22:39.900 --> 01:22:41.900
the next phase of the internet that empowers us
01:22:41.900 --> 01:22:43.900
instead of exploiting us
01:22:43.900 --> 01:22:45.900
so why hasn't that happened yet?
01:22:45.900 --> 01:22:48.900
why are we still living with the same broken system
01:22:48.900 --> 01:22:50.900
that BlockChains promise to fix?
01:22:50.900 --> 01:22:52.900
it's because BlockChains can't keep a secret
01:22:52.900 --> 01:22:54.900
enabling open transparent systems
01:22:54.900 --> 01:22:56.900
was only the first half of the challenge
01:22:56.900 --> 01:22:58.900
for BlockChains to really change the world
01:22:58.900 --> 01:23:01.900
they also have to be able to protect our sensitive data
01:23:01.900 --> 01:23:03.900
when it matters
01:23:03.900 --> 01:23:05.900
and that's where we build midnight
01:23:05.900 --> 01:23:07.900
to bring down the final barrier to mass adoption
01:23:07.900 --> 01:23:11.900
and unlock the full potential of the decentralized web
01:23:11.900 --> 01:23:14.900
let's build the internet we deserve
01:23:14.900 --> 01:23:15.900
together
01:23:15.900 --> 01:23:22.740
ladies and gentlemen, we all know this in crypto
01:23:22.740 --> 01:23:23.740
ownership matters
01:23:23.740 --> 01:23:25.740
that's why Cake Wallet
01:23:25.740 --> 01:23:28.740
Cake Wallet gives you full control of your digital assets
01:23:28.740 --> 01:23:31.740
all in one easy to use application
01:23:31.740 --> 01:23:34.740
you can store Bitcoin, Litecoin, Zcash, Monero
01:23:34.740 --> 01:23:37.740
and many more with just one secure backup
01:23:37.740 --> 01:23:39.740
swap between coins in seconds
01:23:39.740 --> 01:23:42.740
no copying addresses, no complicated steps
01:23:42.740 --> 01:23:45.740
and even includes Bitcoin Lightning for faster payments
01:23:45.740 --> 01:23:47.740
and with Cake Wallet built in
01:23:47.740 --> 01:23:49.740
it uses crypto in real life
01:23:49.740 --> 01:23:51.740
through debit cards or gift cards
01:23:51.740 --> 01:23:53.740
simple, secure, self-custody
01:23:53.740 --> 01:23:55.740
download Cake Wallet
01:23:55.740 --> 01:24:19.250
and take control of your crypto
01:24:19.250 --> 01:24:21.250
there is an astronaut conducting an emergency repair
01:24:21.250 --> 01:24:23.250
on a global communication satellite
01:24:23.250 --> 01:24:25.250
that could go dark at any moment
01:24:25.250 --> 01:24:27.250
we have a second angle of this
01:24:28.250 --> 01:24:30.250
is that kind of FOMO?
01:24:32.250 --> 01:24:34.250
yeah, let's get back to it everybody
01:25:21.400 --> 01:25:51.110
there we go, United States of America
01:25:51.110 --> 01:25:52.110
Represents
01:25:59.110 --> 01:26:01.110
people are greedy when they also try to acquire gold
01:26:01.110 --> 01:26:03.110
I am here providing
01:26:03.110 --> 01:26:05.110
electricity
01:26:05.110 --> 01:26:07.110
and that energy that is necessary
01:26:09.110 --> 01:26:22.060
there we go, United States of America
01:26:22.060 --> 01:26:23.060
Represents
01:26:23.060 --> 01:26:25.060
the global communism does not work
01:26:25.060 --> 01:26:27.060
digital assets
01:26:27.060 --> 01:26:29.060
is it better to move money at the speed of light
01:26:29.060 --> 01:26:31.060
people are greedy when they also try to acquire gold
01:26:31.060 --> 01:26:33.060
I am here providing
01:26:33.060 --> 01:26:35.060
electricity
01:26:35.060 --> 01:26:37.060
and that energy that is necessary
01:26:37.060 --> 01:26:49.740
I am the Moner Dave
01:26:49.740 --> 01:26:53.220
back to the program
01:26:53.220 --> 01:26:55.220
who the fuck is this?
01:26:55.220 --> 01:26:57.220
page number 536 in the morning
01:26:57.220 --> 01:26:59.220
welcome back
01:26:59.220 --> 01:27:01.220
we had John on
01:27:02.220 --> 01:27:04.220
John, RebelCon
01:27:04.220 --> 01:27:06.220
in 2026
01:27:06.220 --> 01:27:08.220
you can go ahead and check that out
01:27:08.220 --> 01:27:10.220
and put the links on my personal website
01:27:10.220 --> 01:27:12.220
if you guys want to
01:27:12.220 --> 01:27:13.220
in October
01:27:13.220 --> 01:27:15.220
if you want to join us
01:27:15.220 --> 01:27:17.220
in Vegas
01:27:17.220 --> 01:27:19.220
and you want to hear me speak
01:27:19.220 --> 01:27:21.220
the most electrifying speaker
01:27:23.220 --> 01:27:25.220
if you want to hear me speak out there
01:27:25.220 --> 01:27:27.220
along with others like Grant Cardone
01:27:27.220 --> 01:27:29.220
a lot of good people that he named out
01:27:29.220 --> 01:27:31.220
feel free
01:27:31.220 --> 01:27:33.220
feel free
01:27:33.220 --> 01:27:35.220
John is a pretty cool dude
01:27:35.220 --> 01:27:37.220
John is cool man
01:27:37.220 --> 01:27:39.220
that is why I have been trying to get him on my show
01:27:39.220 --> 01:27:41.220
we have a lot more people coming on to the show
01:27:41.220 --> 01:27:43.220
this week, next week
01:27:43.220 --> 01:27:45.220
stay tuned for that
01:27:45.220 --> 01:27:47.220
I don't like to make that announcement
01:27:47.220 --> 01:27:49.220
I should start announcing and making those cool posters
01:27:49.220 --> 01:27:51.220
of all my guests that are coming
01:27:51.220 --> 01:27:53.220
on to the show
01:27:53.220 --> 01:27:55.220
to chop it up with me
01:27:55.220 --> 01:27:57.220
one on one, have a conversation
01:27:57.220 --> 01:27:59.220
the 15, 20
01:27:59.220 --> 01:28:01.220
maybe 30 minutes
01:28:01.220 --> 01:28:03.220
depending on the flow of the combo
01:28:03.220 --> 01:28:05.220
that rhymed, that rhymed just now
01:28:05.220 --> 01:28:07.220
trademarked that
01:28:07.220 --> 01:28:09.220
but again welcome back to the breakdown
01:28:09.220 --> 01:28:11.220
this is episode 789
01:28:11.220 --> 01:28:13.220
we are almost there
01:28:13.220 --> 01:28:15.220
we are almost at the number
01:28:15.220 --> 01:28:17.220
and that is
01:28:17.220 --> 01:28:19.220
800, 800 episodes
01:28:19.220 --> 01:28:21.220
800 episodes
01:28:21.220 --> 01:28:23.220
that's official, unofficial much more
01:28:23.220 --> 01:28:25.220
but 800
01:28:25.220 --> 01:28:27.220
800 episodes
01:28:27.220 --> 01:28:29.220
800
01:28:29.220 --> 01:28:31.220
that is crazy
01:28:31.220 --> 01:28:33.220
let's look at poly market real quick
01:28:33.220 --> 01:28:35.220
I want to see what's happening with poly market
01:28:35.220 --> 01:28:37.220
let's see
01:28:37.220 --> 01:28:39.220
what is happening with poly market
01:28:39.220 --> 01:28:48.100
let's see what's happening with poly market
01:28:48.100 --> 01:28:50.100
and
01:28:50.100 --> 01:28:54.240
okay
01:28:54.240 --> 01:28:56.240
let's go to this one
01:28:56.240 --> 01:28:58.240
I want to see this right here
01:28:58.240 --> 01:29:00.240
which party will win the senate
01:29:00.240 --> 01:29:02.240
which party
01:29:02.240 --> 01:29:04.240
will win the senate
01:29:04.240 --> 01:29:06.240
and we have
01:29:06.240 --> 01:29:08.240
we have the party
01:29:08.240 --> 01:29:10.240
that will win the senate
01:29:10.240 --> 01:29:12.240
according to poly market USA
01:29:12.240 --> 01:29:14.240
is
01:29:14.240 --> 01:29:16.240
right now at 66%
01:29:16.240 --> 01:29:18.240
democratic party
01:29:18.240 --> 01:29:20.240
36% the republican party
01:29:20.240 --> 01:29:22.240
this is crazy
01:29:22.240 --> 01:29:24.240
the democrats might take the house and senate
01:29:24.240 --> 01:29:28.380
according to poly market
01:29:28.380 --> 01:29:32.110
the democrats
01:29:32.110 --> 01:29:34.110
are at 66%
01:29:34.110 --> 01:29:36.110
66% this is
01:29:36.110 --> 01:29:38.110
the republicans need to
01:29:38.110 --> 01:29:40.110
really get their shit together
01:29:40.110 --> 01:29:42.110
I got to tell you the republican party
01:29:42.110 --> 01:29:44.110
really needs to get their shit together
01:29:44.110 --> 01:29:46.110
it's about time
01:29:46.110 --> 01:29:48.110
that they get their shit together
01:29:48.110 --> 01:29:50.110
I'm telling you right now man
01:29:50.110 --> 01:29:52.110
66%
01:29:52.110 --> 01:29:54.110
for the democratic party
01:29:54.110 --> 01:29:57.390
66%
01:29:57.390 --> 01:29:59.390
that's wild
01:29:59.390 --> 01:30:01.390
yesterday we looked on poly market about the clarity act
01:30:01.390 --> 01:30:03.390
it was like a 6% chance
01:30:03.390 --> 01:30:05.390
of it passing this year
01:30:05.390 --> 01:30:07.390
I don't think it passes at all
01:30:07.390 --> 01:30:09.390
honestly
01:30:09.390 --> 01:30:11.390
they can't
01:30:11.390 --> 01:30:13.390
they're in such a bad position the democrats
01:30:13.390 --> 01:30:15.390
they keep saying this the democrats put themselves
01:30:15.390 --> 01:30:17.390
in a really bad position because they had the deal
01:30:17.390 --> 01:30:19.390
that they wanted
01:30:19.390 --> 01:30:21.390
they refused to go through with it
01:30:21.390 --> 01:30:23.390
and now you have the sec and the CFTC
01:30:23.390 --> 01:30:25.390
that went ahead and gave guidelines
01:30:25.390 --> 01:30:27.390
that are better than the current clarity act
01:30:27.390 --> 01:30:29.390
so
01:30:29.390 --> 01:30:32.670
for the next two years
01:30:32.670 --> 01:30:34.670
you have
01:30:34.670 --> 01:30:36.670
you essentially have
01:30:36.670 --> 01:30:38.670
rules, understandable rules
01:30:38.670 --> 01:30:40.670
for people in crypto and those who want to build on crypto
01:30:40.670 --> 01:30:42.670
within the united states of america
01:30:42.670 --> 01:30:44.670
and you know what
01:30:44.670 --> 01:30:46.670
the world looks at the united states of america
01:30:46.670 --> 01:30:48.670
for their rules
01:30:48.670 --> 01:30:50.670
even though right now a lot of these countries
01:30:50.670 --> 01:30:52.670
are way ahead of the united states of america
01:30:52.670 --> 01:30:54.670
because of all this
01:30:54.670 --> 01:30:56.670
you know
01:30:56.670 --> 01:30:58.670
fucking bitching that goes on
01:30:58.670 --> 01:31:00.670
between both of these parties
01:31:00.670 --> 01:31:02.670
I'm a republican and I'm just saying
01:31:02.670 --> 01:31:04.670
both parties
01:31:04.670 --> 01:31:06.670
the republicans want to pass
01:31:06.670 --> 01:31:08.670
more of the republicans
01:31:08.670 --> 01:31:10.670
the majority of them want to pass things
01:31:10.670 --> 01:31:12.670
there are a few republicans that side with those
01:31:12.670 --> 01:31:14.670
crazy democrats
01:31:14.670 --> 01:31:16.670
that just don't want to do anything
01:31:16.670 --> 01:31:18.670
but anyway
01:31:18.670 --> 01:31:20.670
it doesn't really matter because the
01:31:20.670 --> 01:31:22.670
sec and the CFTC
01:31:22.670 --> 01:31:24.670
they put out guidelines
01:31:24.670 --> 01:31:26.670
even with raid hikes
01:31:26.670 --> 01:31:28.670
even with the clarity act not pass
01:31:28.670 --> 01:31:30.670
with their guidelines
01:31:30.670 --> 01:31:32.670
crypto went up
01:31:32.670 --> 01:31:34.670
and crypto looks green
01:31:34.670 --> 01:31:36.670
and people are having fun again
01:31:36.670 --> 01:31:38.670
again though I still think there will be
01:31:38.670 --> 01:31:40.670
some sort of pullback
01:31:40.670 --> 01:31:42.670
do we go to 40k?
01:31:42.670 --> 01:31:44.670
no
01:31:44.670 --> 01:31:46.670
will there be a pullback? yes
01:31:46.670 --> 01:31:48.670
and you should be ready to take advantage of those opportunities
01:31:48.670 --> 01:31:50.670
shout out to poly market
01:31:50.670 --> 01:31:52.670
always shout out to poly market
01:31:52.670 --> 01:31:54.670
the official prediction market sponsor
01:31:54.670 --> 01:31:58.240
the breakdown
01:31:58.240 --> 01:32:00.240
it is 155 ladies and gentlemen
01:32:00.240 --> 01:32:02.240
you got to see me
01:32:02.240 --> 01:32:05.900
the most
01:32:05.900 --> 01:32:07.900
no doubt about it
01:32:07.900 --> 01:32:09.900
the most electrifying personality
01:32:09.900 --> 01:32:11.900
on a microphone
01:32:11.900 --> 01:32:13.900
looking into a camera today
01:32:13.900 --> 01:32:15.900
I'm happy because I got my haircut
01:32:15.900 --> 01:32:17.900
I'm happy that I'm getting
01:32:17.900 --> 01:32:19.900
back in the groove of things
01:32:19.900 --> 01:32:21.900
man
01:32:21.900 --> 01:32:23.900
man
01:32:23.900 --> 01:32:25.900
it really sucked that for those that were here
01:32:25.900 --> 01:32:27.900
those who tuned in you know
01:32:27.900 --> 01:32:29.900
that freak injury
01:32:29.900 --> 01:32:31.900
man had me sidelined
01:32:31.900 --> 01:32:33.900
I mean I was showing up to the show
01:32:33.900 --> 01:32:35.900
but this shit had me sidelined for 7 to 8 weeks
01:32:35.900 --> 01:32:37.900
it's crazy I hate bitching and complaining
01:32:37.900 --> 01:32:39.900
but it's just a freak thing
01:32:39.900 --> 01:32:41.900
man a freak fucking injury
01:32:43.900 --> 01:32:45.900
but I'm still I still troop it up
01:32:45.900 --> 01:32:47.900
man I still troop out here
01:32:47.900 --> 01:32:49.900
we'll do big things man I'm excited
01:32:49.900 --> 01:32:51.900
I'm excited I'm excited
01:32:51.900 --> 01:32:53.900
I'm excited to build things in crypto
01:32:53.900 --> 01:32:55.900
I'm excited to build a movement
01:32:55.900 --> 01:32:57.900
I'm excited I'm excited to do big things
01:32:57.900 --> 01:32:59.900
with all you guys
01:32:59.900 --> 01:33:01.900
by the way if you're tuning into this show
01:33:01.900 --> 01:33:03.900
right now you can replay it here
01:33:03.900 --> 01:33:05.900
or you can listen in on Apple podcasts
01:33:05.900 --> 01:33:07.900
you can also go to Spotify
01:33:07.900 --> 01:33:09.900
iHeartRadio
01:33:09.900 --> 01:33:11.900
and Amazon music
01:33:11.900 --> 01:33:13.900
to go ahead and catch up with the latest breakdown episodes
01:33:13.900 --> 01:33:15.900
we have
01:33:15.900 --> 01:33:17.900
two more shows coming
01:33:17.900 --> 01:33:19.900
okay one for crypto
01:33:19.900 --> 01:33:21.900
one for trending news
01:33:21.900 --> 01:33:23.900
we're going to have a lot of fun
01:33:23.900 --> 01:33:25.900
and obviously the franchise show
01:33:25.900 --> 01:33:27.900
for the Gokshin Media Network
01:33:27.900 --> 01:33:29.900
but we have the crypto show coming
01:33:29.900 --> 01:33:31.900
everything crypto me degening
01:33:31.900 --> 01:33:33.900
me going into plays
01:33:33.900 --> 01:33:35.900
me showing you how I go about things
01:33:35.900 --> 01:33:37.900
it's not financial advice but me showing you
01:33:37.900 --> 01:33:39.900
how I look at assets
01:33:39.900 --> 01:33:41.900
how do I come up with these things
01:33:41.900 --> 01:33:43.900
why is David looking at this shit
01:33:43.900 --> 01:33:45.900
why does he think it's popping off
01:33:45.900 --> 01:33:47.900
then I also look at other things that are popping off
01:33:47.900 --> 01:33:49.900
that I didn't go ahead and go into
01:33:49.900 --> 01:33:51.900
but let's look at the latest runners
01:33:51.900 --> 01:33:53.900
what are they running and what is the thesis
01:33:53.900 --> 01:33:55.900
what is the lore behind them
01:33:55.900 --> 01:33:57.900
so we will have that show
01:33:57.900 --> 01:33:59.900
dedicated to crypto and nothing but crypto
01:33:59.900 --> 01:34:01.900
so help me God
01:34:01.900 --> 01:34:03.900
and then the all trending show
01:34:03.900 --> 01:34:05.900
and that's crypto that's politics
01:34:05.900 --> 01:34:07.900
that's sports that's just the latest takes
01:34:07.900 --> 01:34:09.900
from the day
01:34:09.900 --> 01:34:11.900
we will have that show we will bring on guests
01:34:11.900 --> 01:34:13.900
it will be cool
01:34:13.900 --> 01:34:15.900
I know people sometimes they'll tune into the show
01:34:15.900 --> 01:34:17.900
and there are people that love this show they tune into the show they're like
01:34:17.900 --> 01:34:19.900
man I wish it would stay on crypto
01:34:19.900 --> 01:34:21.900
others that are man I wish it was just politics
01:34:21.900 --> 01:34:23.900
so now I'm going to give you this show
01:34:23.900 --> 01:34:25.900
and two others to go ahead and
01:34:25.900 --> 01:34:27.900
satisfy your needs alright
01:34:27.900 --> 01:34:29.900
we'll bring on again
01:34:29.900 --> 01:34:31.900
like I said guests to go ahead and talk about these topics
01:34:31.900 --> 01:34:33.900
and the fourth thing
01:34:33.900 --> 01:34:35.900
is the podcast
01:34:35.900 --> 01:34:37.900
the podcast the podcast
01:34:37.900 --> 01:34:39.900
where I sit down with somebody in real life
01:34:39.900 --> 01:34:41.900
shoot one on one
01:34:41.900 --> 01:34:43.900
okay one on one conversations
01:34:43.900 --> 01:34:45.900
with some of the most notable people
01:34:45.900 --> 01:34:47.900
and they don't even have to be notable
01:34:47.900 --> 01:34:49.900
but people that are
01:34:49.900 --> 01:34:51.900
on top of the latest stories
01:34:51.900 --> 01:34:53.900
that we can go ahead and talk about that you want to hear from
01:34:53.900 --> 01:34:55.900
we'll have that
01:34:55.900 --> 01:34:57.900
done hopefully one
01:34:57.900 --> 01:34:59.900
at least one episode goes out this year
01:34:59.900 --> 01:35:01.900
but 2027 that's where the
01:35:01.900 --> 01:35:03.900
aim is for
01:35:03.900 --> 01:35:05.900
ladies and gentlemen thank you very much
01:35:05.900 --> 01:35:07.900
for tuning in to the breakdown
01:35:07.900 --> 01:35:09.900
thank you to the sponsors
01:35:09.900 --> 01:35:11.900
midnight is the title sponsor of the show
01:35:11.900 --> 01:35:13.900
polymarket the official prediction market sponsor
01:35:13.900 --> 01:35:15.900
of the show cake wallet
01:35:15.900 --> 01:35:17.900
one of the strongest wallets that we have
01:35:17.900 --> 01:35:19.900
in this industry if you want to hold your bitcoin
01:35:19.900 --> 01:35:21.900
litecoin zcash Monero
01:35:21.900 --> 01:35:23.900
you look at cake wallet by the way
01:35:23.900 --> 01:35:25.900
speaking of because I just named out
01:35:25.900 --> 01:35:27.900
you know some privacy protocols
01:35:27.900 --> 01:35:29.900
do not sleep on midnight
01:35:29.900 --> 01:35:31.900
do not sleep on night man
01:35:31.900 --> 01:35:33.900
you see how zcash when flying
01:35:33.900 --> 01:35:35.900
I'm telling you do not
01:35:35.900 --> 01:35:37.900
sleep on night
01:35:37.900 --> 01:35:39.900
also FOMO shout out
01:35:39.900 --> 01:35:41.900
to FOMO FOMO
01:35:41.900 --> 01:35:43.900
has absolutely changed the game
01:35:43.900 --> 01:35:45.900
it allows you to see what people do
01:35:45.900 --> 01:35:47.900
in real time why are they trading
01:35:47.900 --> 01:35:49.900
certain assets why are they getting into
01:35:49.900 --> 01:35:51.900
certain assets it is now
01:35:51.900 --> 01:35:53.900
cool to watch people
01:35:53.900 --> 01:35:55.900
perform in real time
01:35:55.900 --> 01:35:57.900
and and not just
01:35:57.900 --> 01:35:59.900
put out a conviction play but actually
01:35:59.900 --> 01:36:01.900
see them go into it and trade
01:36:01.900 --> 01:36:03.900
against it ladies and gentlemen
01:36:03.900 --> 01:36:05.900
thank you very much for tuning in I will see you
01:36:05.900 --> 01:36:07.900
tomorrow at 12 p.m. eastern
01:36:07.900 --> 01:36:09.900
standard time you can also
01:36:09.900 --> 01:36:11.900
tune in to land these show from yesterday
01:36:11.900 --> 01:36:13.900
market update it goes
01:36:13.900 --> 01:36:15.900
on at 9 p.m. ET
01:36:15.900 --> 01:36:17.900
you missed it you can go ahead and replay it
01:36:17.900 --> 01:36:19.900
on that note guys I hope you have
01:36:19.900 --> 01:36:21.900
a wonderful day and like my boy
01:36:21.900 --> 01:36:23.900
Kil Paterson says who's on this network
01:36:23.900 --> 01:36:25.900
hope you have a great
01:36:25.900 --> 01:36:27.900
day and even better tomorrow