Oh yo, what up, what up? Good morning. Good morning GMG Fuck one second Thursday. Oh baby, Thursday. Whoa, what is up with my voice? Jesus, I screamed yap too much the haves game the other day. Dude. January 23rd, 2024. Look at this. It's not a beautiful day to have a beautiful day. I've been running through the intro. I got my coats and I was Tyler Mando. It's 10 in the morning. We're waiting for something. How you guys doing today? What's going on? Doing good, man.
She appears to have tweeted a picture of her and Snoop Dogg. Shut up this year. That's not funny. OK, Tyler's long. Some of us have Max long positions open and if they're jamming the refresh button on Cynthia Loomis's X page. So the son just retweeted her and said big things. She has not. She has not said anything else. Yeah. So this sit in my morning for a little bit of a curve. We woke up to some people getting massively rich on the
vine token. We have everyone else's bags down 20% and now we have reversed, so it is volatile. Interesting. Yeah. So she said 10:00 AM and then they think she's posted a photo of her in a Snoop dog. She didn't post her in a Snoop Dogg. She did dude. No, you're in the wrong account. She's tweeting from a senator account, not the personal one. Oh, OK. Yeah, yeah, yeah, yeah, yeah. OK. That's why I told him to. OK, You're on the same thing that. Radium influencers trying to
flood us out of our. Yeah, radium influencers trying to flood the the Bitcoin moon boys. Come on, I'm. Boy, come on, all geographies. Radiums having nice little bounce. I know. I love it. I love it. Yeah. Let's. Was talking about how Numis's tweets are going to impact the radium price. Let's do it. Feels like that's that's the chart that everyone wants to see, right? I know right? Look at this. So what is what is about to happen like do you guys have any
like any any any ideas? I mean is this strategic reserve related or not? I mean, last time she did a tweet like that. I mean, she's been the one who's been like the main proponent for this, right? So I imagine she might put the bill, she might propose the bill, and we'll see what happens. That could be like a first step towards towards. Then we'd go to a vote, I think, which again, largely is how I
thought this might play out. I don't know if that's necessarily bullish because I don't think that would be voted in by the House. My guess is it won't be. So then it would be, is Trump going to do an executive order on it? OK, OK. I mean interesting turn of events here this morning. What's up? I just don't think this is like like unbelief. I don't think this is going to
be an executive order. I don't maybe not executive order, but something, dude, because Bitcoin's just got candling on the back of this tweet. So I don't know. I know Tyler. Tyler's shaking Tyler. He saw the tweet. He has a notification on her times. When she's in like so she is from Wyoming. I know, but he's wrestling. Oh, but wait. She said 10. AMG. Time zone. It's EST dude. It's the it's tweet. Loomis, where's the tweet?
Well, no, it's, it may be Mt dude, because because Jennings just said on CNBC Trump address Trump is addressing the crowd at 11:00 AM ET. That's for sure. So I, I don't understand a tweet like this with no time zone. That kind of pissed me off. I'm not going to lie in Wyoming, Yeah. So it's, it's it's five. It's 5 minutes in. So we have to wait, boys. There's nothing right now. No notifications, nothing more.
Breath for a full hour here. Yeah, yeah, you're going to be sweating for 55 minutes, Tyler, because nothing. Nothing here. Nope. So Justin's son tweet retweeted it. What did he say? I don't know I maybe someone, maybe she bought truth terminals fart coin. We don't know to be confirmed. I can't see Justin Sun's tweet. He he has me blocked so or maybe I can because now you can right? What do you say that has me blocked? Dude, you. Just said big things coming just. Farming.
I'm gonna do the same thing. You know what? There you go. And then later you can tweet out Senator Loomis NFTS. Yo-yo Loomis NFTS, and that's a good one. That's a big one. So he speak looks like he knows something too. Dude, I don't know he's keeps. I don't know this and at least at what's for sure Tyler is if you're long, sailors are probably going to for next 54 minutes. People are probably going to be a little, you know, on tilt here, be a little on tilt anyways.
So I guess we'll see. So I guess it's not 10:00 AM Eastern Standard Time. RIP. It is 11 EI mean it's the only time zone that matters in the entire world is New York time. So we wait. All right, well, today, the show today, I thought we'd wake up. I thought we start the show with Donald Trump speaking. I'll be feeding the feeding the sound to you guys and everything and everything and everything. But no, no, no, no, no, no, no. It looks like it looks like we'll wait.
We'll stop the show if there's a breaking news here, but it looks like it's going to be at 11:00 AM. So let me see if I have something after that. Maybe not. Maybe we'll just roll over after we'll see so we'll talk macros market updates yada yada yada we'll talk Tyler's top 1000 Tyler's gonna store for us yeah see it looks like the people wanted to know time zone and this is volatile market Tyler you you you like the gamble dude I I can never be leveraged here Oh it just.
Wow, it just totally sold off. Did she tweet? No, she hasn't tweeted because she's she's off by an hour. That's why. That's why it's Eastern for sure. I think she means. I think she means Donald Trump. Just went all the way back to one O 3. Yeah, it sold. It sold out that entire candle. See, it was what a let's talk about this after what a funny market real quick this.
Is breaking. Eleanor Terra is saying the Senate Banking Committee is set to vote at 10:00 AM on Senator Loomis becoming chair of the Digital Assets Subcommittee. Unclear if anything else will be announced. I mean, I if, if that's that, that can't be the news that she's going to be the digital. Asset I mean, if you quote tweeted her, I don't Tara, she's pretty. I don't feel like that's the news if Justin's son is tweeting it out as well. Yeah, OK Mark, pregnant.
Someone panic dumped on that. We're back to one O 4. You know Tyler, yo Mando, you know Tyler is like Max Lev because this guy looks at like the he's on the second Bitcoin. It's not. That meme. You know he's Max long dude, let's back down again. He's the other day. Tyler is so I love. I love this Tyler like I'm a huge fan. It's like super funny because I do the same thing, but like the other day Mendo tell us like yo, Bitcoin's new game.
I'm like fuck let me check the price like one O 3.4. Yeah, 1K is 1% now it's less than 1%. Crazy to think about, huh? 1K is one point. So 1K move is kind of nothing. Look at Tyler's. I got to just. One the one second chart here on it's it's going to be a long hour. You guys got to come on video man, for everybody on Spaces, one video on YouTube and on X every single day, 7, five days a week, man. You guys got to come see Tyler Sweat live on video. Oh it's complete sold off this
the Loomis tweet. Oh my goodness, Oh my. Oh oh. Everything. This is my favorite art. Tyler art. It's like these gamble fucking. I refuse. To believe that her announcement is about her becoming the chair of the visualist. Let's see if that is it. That is such a let down brother. I will never believe her tweet again. She used the Bitcoin thing. She's the B. Yeah, it can be. I actually, I don't think it's that person's speaking.
I don't think it is. But I also, I don't know if there's going to be like a strategic reserve executive order today. Maybe. It's maybe one minute ago this was selling out. Senate to vote at 10:00 AM on Senator Loomis becoming chair of digital assets. This series is no chance, bro. There's no chance, right? That's that was the news that came from. That he's picking up the Eleanor
tweet, right? Now we've got Kook, Kook saying the the US Bitcoin Reserve was confirmed and he would have been the first one with Paul Kook would have been the first one. Wait, did Kook just confirm a Bitcoin strategic reserve? Everyone. Oh my goodness. Is Kook Capital LLC in the room with us right now? Did he just did he just confirm that there is a strategic reserve on the way? Is that what's going on? Hey, folks, I know there's a lot of people down there.
Damn, we even have the Krasensteins in the house on spaces. Look at that. You know, it looks like the news that the 10:00 PM Eastern standard 11 is what the hell am I talking about? 11:00 AM Eastern Standard Time is when this the news is going to to to come big things coming BTC. We're going full on. We're going full on. You know, I haven't used this this this sound bit in a while. Hold on. What's going on at 11:00 AM Eastern Standard Time? I mean, what do you, what do you
think? Let's make some calls. We have 50 minutes until then and then let's go on to the market report. Definitely more than her becoming part of the sound. There's there's no way you tweet out that. It'd be bad looks, honestly, if it's just for that, like if she hypes herself up over a tweet. Tyler, I think you're safe, but nobody's going. To ever take or twist seriously. I was already liquidated so. Where do you go 10X10X at one O 3?
What's your entry One O 3/5? 15X we need to protect 97 K Oh. You're fine, I. Mean no, you're fine 97 he's fine, right I mean I just put a big prediction on Myriad that we're going to be 100K tomorrow so like over 100K tomorrow because you guys are giving me some easy lines here so. Well, the thing of The thing is, if it isn't that it will, you know it'll dump. Yeah, but till 97. Stop it. Did you make him sweat it? You don't like it? You don't seem crazy arc these
days. I saw your tweet back to Waze the other day. That was. That was their dirty work. It was after everyone started, but you know, he doesn't need this right now. No, it's delete that right that you're going to like ratio him. Let's see it can't be. I love how cool is the CNBC quoting Cook. I love this. Coinbase traders just tweeted Google researches for what time is it in Wyoming is going parabolic. Everybody, everybody just Oh my God, just found out about
Wyoming today. I thought Wyoming was not a real place on this until this morning, you know? At his his ranch. Dude, Wyoming. Dude, this is so funny, man. I gotta post a broadcast link one second, but but let me post this link. There you go. There you go. There you go. There you go. There you go. All right, let me let me share this slate. All right, you know what, let's go into markets and oh, as usual, by the way, I forgot to the things the market report. Tell us top 100.
Let's talk about what we think is happening. Hold on. You know what, let's wait. I got Ed Krasenstein requesting to speak here. Let me get him up. Like let's get some of his following. Let's get some of his followers on our spaces. So let's hold on one SEC. What up, Ed? Hey, good morning. How's it going? Dude, long time. Yeah, it's been a while, like I guess back in the clubhouse days, right? Hell yeah. You're like big time, you know, political tweet tweeter here.
I love that. Yeah, I, I mean, I was before Clubhouse too, but I was banned from Twitter and then Elon let me back. So I'm back at it, I guess you could say. Damn, what do you, what do you make of all this stuff of all this, this crypto stuff with with Donald Drummond? What do you think is happening at 11:00 AM? I don't know. I mean, I, I guess it's going to be a, I'm assuming it's going to be a strategic reserve of some sort. I don't know. You know, he gives too many
details. It might just be moving what the government already holds into a reserve. I'd like to see it be more than that. I think that's what Loomis is going to work on from the, from the lawmaker side of things. I I don't know if Trump can do much more with an executive order. Yeah, yeah. We'll see. I guess we'll see what we're well that resolves later, but you know we're we're we're we're on tilt here we're on tilt Tyler here. My Co host is is sweating in the
studio. We can see him live. We're. Back to even. Yeah, we're back to even listen, we just got to defend 97K. If that's it, then we're good. You know, that's good. Then we're definitely good. You know, far coin signing off on the news that Cynthia Loomis is is not doing a strategic reserve for it. Not great, not great here. Uh, we'll see where that takes off yeah. Our memes are in shambles right now, boys, absolute shambles. I'm sure we'll, uh, we'll discuss that in the minute.
So anyways, market report Tyler's top 100 shout out to our sponsors Fair Side Network. They're going to come at the end of the show as well to chat about something that they're they they've been, there's some of the stuff that they've been doing. You've heard about them, you know, insurance for crypto against crypto scams, etcetera. We love them, chat them for supporting the show.
And of course, Galaxies, AKA the team, one of the teams that was behind the trump cards actually and Ordinals, etcetera, NBA, a bunch of other projects on there. And at the end of the show we'll do toolbox bands. So we have a lot of giveaways today on the show. You can win anything from a red guy to a crypto punk for sure. Well, the red guys for sure. The crypto punk not for sure. We'll see if you if you hit that today, if you're lucky enough at
the end of the show. So make sure we're tweeting, make sure you share it. Make sure you're showing some love and Mando to you baby. Yeah, GM, everyone. So we're really just trading off the back of this. It had been a slightly weaker day for Bitcoin up until this
this point. I think we're really just trading on this yeah, figure of the percentage chance that we're going to get a strategic Bitcoin reserve in the next 100 days and that's been heading lower gone from 60% now down to was it was around 30% before that tweet went out. I don't know where it is right now, but that's if you kind of want to know what's going on in the market, you just have to
follow that figure right now. So and that, that, that dip lower actually took down quite a lot of the, let's say the, the more frothy left curve start parts of the market means are down a is down. I still think people may be underestimating like the Trump effect here, like how much, how much liquidity it's taken from that bit of the market. I was looking today actually at the Solana Memecoin market, Salon Memecoin market is worth 23 billion now.
It was worth 22 billion in November, which kind of tells you everything, right? And it's just added 7 billion or 8 billion of Trump to it. So basically we've just trade around in the salon of meme coins over the last three months and not really create any new value. But Trump has gone high. And that's that is inclusive of a bunch of the AI coins that are included in the AI16Z far coin,
a few of the other. So I thought that was a wild, a wild stat memes kind of gone sideways and this Trump thing has come in and actually net, net is not really the trenches are not net making money right now, but the AI sector separately has made some money, but definitely not just for memes. So I still think that's why we've seen this kind of dip. Solana still feels good though, all the majors, Solana feels the best.
You've seen a big increase in stable coins on Solana about they're up about 50% in the last four days. We're up to I think just shy of 10 billion stable coins down Seoul. Obviously those stable coins trade a lot more. Solana did 200 billion of decks volume. Crazy. That is just multiples of what it's done previously. So Solana still feels pretty strong.
I still think it looks the strongest out of all the majors and but but the trenches, it's more like you're buying runners rather than existing things performing. It feels like it doesn't macro macro. Yesterday was a bit of a strange day.
Like stocks will hit all time highs again, or at least ESP did mainly on the back of the reverberations around this $500 billion investment from SoftBank into or alongside Open AI and then Elon basically getting into a fighting match with Sam Altman on the timeline about whether that amount of money is real. I used to trade SoftBank as a trader back in when I back in Tradfly and it's a huge company, but they are, they are high yield companies and like they are very, very level already.
For them to get $500 billion, they've got to get it from someone else. So like they wouldn't be able to raise $500 billion from like debt markets to but they definitely don't have it in cash. They do own Alibaba. So then maybe they sell that or something like that. But I don't, I kind of agree with Elon here. Like it's not just like he doesn't just have $500 billion. He he doesn't even have like 100
billion. So it's kind of it's it's kind of strange to be where that money's come, but a lot of people have like chimed, he may get financing from different places. And that's been like the number one debate over the last 24 hours, whether this is real and whether you had other like Larry Ellison said he'd invest like, I think just shy of 100 billion as well, like a bunch of billionaires basically fighting it out over over how many billions they're going to invest in AI.
But I would, I would have, I would say there's a heavy dose of laughing potentially like they, they have, they did the vision fund, which was, was very, very big, but that hasn't exactly gone like that. They, they did a very investment on, but it's not been like it wasn't a huge, huge success. In fact, it's been very risky. And now let's see, like if they can get 500 billion, they may have to get financing from from one of the Gulf nations or something like that.
I don't know where he's getting 500 billion from. Like, definitely not not not that obvious to me. But yeah, all the AI stocks went to all time high. Well, not all time highs, but a lot of them went higher and that drove stocks to all time highs. So big broad based bounce there. So we're in a pretty healthy market. It doesn't feel to me, even though the chances of Bitcoin going low, sorry of it being a strategic Bitcoin reserve is
going low at the moment. I don't think it's going to like 90K even if we we start to deflate here like it feels markets feel relatively good. We bounced up pretty well. We've thought the FOMC, but those inflation prints point to a slightly more benign picture here. Trump slightly delayed some of the tariffs. Maybe we heard about trade deals. There's been kind of murmurings from Davos at the moment from various people in Europe and China's saying, look, we're
happy to talk about trade. So like, maybe he'll get these trade deals before he has to enact these these sort of tariffs, or maybe they just won't be as high and they'll be gradually rising and there'll be a deal done during that process. So maybe inflation, it's been slightly overblown, who knows? But macro feels decent. Oil's lower. There's a lot of talk about like, yeah, maybe even Ukraine heading towards some form of a peace deal here.
And yeah, I'd be surprised. I mean, we really have to go wrong right now for for Bitcoin to to kind of really dump. So I think you're OK in your liquidation there? I have to say though, guys like that would be, I got to show you guys this tweet from Mike Dudas. It's I'm dying laughing. Like, dude, I just quote to me the other Tara and said, Senator Loomis, good news. I saved a ton of money on my car insurance by switching to GEICO. Everybody's just like every.
I think Tyler's going to have the longest 37 minutes of his life right now. Loomis and Trump are just God tear kols and and our fight is crazy. Bro it's it's, it's, oh, it's going back up. It's going back up I. Think. That's the announcement. Well, hold on, It's it's kind of bought back up. So maybe there was another big update on the it's crazy how we move on all it's man, we move on. All these headlines is so crazy
non-stop, you know what I mean? When you're super zoomed in, this is all just ridiculously volatile. Zoomed out, it's like nothing. 3 minutes ago This is where we're pumping Trump to hold a call with President of El Salvador White House. So what else will you talk to, neighbor Kelly? We need their volcanic power, Salvador volcanoes to fund American Bitcoin mining. We are so unserious, Tyler. We are so unserious.
So first we pump like crazy on Santa Loomis's tweet, then we dump on Anna Terret saying that she may just be announcing her like the thing that we pump again on a potential call for Kelly. We. We are. So that really might be why we're pumping. That's that's incredible. We are not serious, that is. That's another tweet. I just need to speak to the to BU Kelly to to do a Bitcoin St.
reserve. El Salvador I think is like less than 1% of the US. He doesn't need to be speaking to BU Kelly about the about strict a Bitcoin strategic reserve. Look at the 15 minute chart on Bitcoin. I'm sharing it on screen right now. I pinned to the top by our broadcast link on Spaces. If you want to watch some video, look at this Tweet from Lumis, tweet from Eleanor, tweet from D1. Ridiculous. It's just incredible swings, just incredible things happening. Oh. My God. I sent you.
Since we're so zoomed in, I actually sent a tweet to zoom out a little bit. OK, let's. Go, let me see. But basically, like everyone, like sky is falling. It feels like on CT before the luminous news this morning, there's a lot of history that January is a red month or just a slightly green month when you come out of these huge Q fours and then February is the is the
big month. So I think this is just a reminder like I mean, don't let the bears shake you out just because we have some volatility with a new president in office here a handful of days before one of the historically most green months in in crypto. And of course, this is all small sample size stuff, but like these cycles have proven that they the crypto cycles have been somewhat like reliable, like people predicted the local bottom based on the moon we're.
Doing the We're doing the rainbow chart here. Yeah, I am sharing the rainbow chart. We are doing the rainbow chart thing. 100% chat. It's down 2%. We have to bring up the rainbow chart. Exactly. Well, Tyler's like 100 eggs right now. We got to like save his bags, you know what I mean? I. Love about crypto because they're like whenever there's something down, we just like bring up the most, like we just bring up charts just like it's going to be OK. We'll be looking a lot more
confirmation bias. Where is he? I'm sorry that we are we are we are highly on serious people, but it's very serious industry. That's the funniest thing, right? It's like a bunch of you know, it's it's just the irony of this of this industry is so good. I love it. I'll never it can always make me
laugh a lot. So as it stands, Bitcoins kind of hovering one O 3 one O 5 like in massive like just like volatility here up and down 1% every other second ETH down 3230 and souls at 2:47 here with with most of the major red today, right? Can we talk about what's going on in ETH at the moment? So what is going on in ETH at the moment? You just see like Vitalik is like at war with some of the ETH core devs at the moment.
It's. Like, wow, we've talked about a little bit Tyler now after he left on Monday, but let's what's the update since? Because I wasn't really on yesterday. I know he's on his wartime arc. I mean, Shaw walked so Vitalik could run here with the wartime. Yesterday, another one of the ETH core devs, the founder of Light proposed a second alternative Ethereum Foundation separate to Vitalics, which would they would have more control over and come up with plans for the future of Eve.
So that's where we're at. Like Eve, there's a lot of people who are Eve Maxis, you know, who've been in ET for a long time. I, I have a lot of respect for the like Ethereum and, and it's an early creation, but I think a lot of them have been like in a lot of pain over what's been going on right now. It's really come to like the forefront of, of what we're going to do about it. And is it Vitalik, the one who's going to lead us out of this or not? And you're seeing a bit of a
schism, you might say. Damn. Yeah, the Lido founder launching. What if Senator Cynthia Lummis is launching and Theorem Foundation? We are so headed for a fork. Yeah, like it's. It's. I don't think it's at that stage yet, but it's definitely, it's definitely at a stage where some people are like, no, not, we're not doing this. So what Ethereum cash it? Could be like I don't. I guess what though is slightly different than like the the the Bitcoin fork was, was about block size. Right.
I think this one would really be about L twos, probably like the path for L twos versus the L1. I think that would probably be one of the main things this, and I'm not too sure everyone even stands on that. Like I don't this is Vitalik's plan, but like I don't know where the core devs would want to diverge from him on some of this stuff. It's definitely more nuanced. It's not just like, oh, we want small, small blocks, we want big blocks.
It's like there's a ton of different things people want different things about with EPA. So I think it if it was to break, it would be, it would be under a range of different things, but I imagine the biggest one is L2 versus L1. Yeah, it's it's, I don't know, man. How do you guys think this all ends up? You know what I mean? Like what's this whole Ethereum is not great man? Like, and I don't know how it
makes us look also outside. I think it was the Bloomberg boys talking about it. I think it was Eric Balkunas talking about this, like how it could look outside to institutional investors as well. Like they look into the space. You know, we say like we're all serious people as a joke. But like, you know, you're looking at this thing, the second largest asset in crypto. And then you have Vitalik supporting the milady just calling it war against lovely else. And I I think he's defending
himself. Like I think like Vitalik's also gone through his fair share of abuse online for the last couple of years. So definitely don't blame him, right? I think he needs this like I don't care if some random fund manager doesn't like the fact that there's like ETH needs conflict to do in my opinion, like these battles need to happen. They need to happen quicker. And then we need to work how to
take it forward. Like it's very, very clear where ETH revenue has not grown for I think it's four years, it's flat, no. So something's something's not going right. Hold on, hold on, hold on. Hold on, hold on, hold on. Sorry, I thought there was a bit. Am I saying that he's there's something going on right now? Another Trump. OK, Trump to hold, call it president of El Salvador, 330 PMET. But Trump to sign executive order at 2:30 PMET. That's the latest candle. 2:30.
What's up, Tyler? We're kind of Even so I got a whole lot of action on that one on the, on Ethereum. So we've got Larry Fink talking at, at the the World Economic Forum that he wants to tokenize everything, stocks, bonds ASAP that we thought it was going to be on Ethereum, right? So like, at what point does he get involved? Like, is all this conflict, you know, do you think he cares or he's just going to keep doing his own thing? I don't think Black won't need EVE.
I think they just need a blockchain. So, you know, they've done it. They've done it on base. Like they could do, they can have their own blockchain. It could be an L2, like they could create their own. Yeah, they could do it. They just need a blockchain. We should listen to that piece. Actually, I thought that was good. BlackRock isn't tokenizing everything on Ethereum. Then what is the longer term bull case for Ethereum? Base, it could do it on base,
right? It could be a partnership with Coinbase or they yeah, create their own L2. But even if they create their own L2, this is the issue base has that had a very good cycle. ETH hasn't the the whole L1 versus L2 thing isn't really that great for ETH other than ETH becomes a more widely owned asset which you could argue is you could argue is good like the network more people own it.
But the value transfer back to ETH is its, its revenue is way down because these L twos are not paying them anything. No, they're taking all the value away from it. I I know that you if you zoom out, you it, you'd think like you'd say it adds value to the main network like the the L1, but so far it hasn't even Kraken yesterday, like Vitalik was shouting them out, but has their own L2 now playing the the ink right, playing the, the, the the base route or going the base
route. You have abstract going live next week. There is just so much going on and the L twos are very, it's pretty successful, right? Like Hyper Liquid on Arbitrum, right? Arby Trump saw a lot of success with that. And then you have like bases that extreme success with with AI agents, etcetera, virtuals, yadda, yadda. And a lot of stuff like the L2's are doing good. Perfect example though, great app built on L2, creates its own chain, yeah? No seriously, make their own
change. Like because they're in L1, right? Technically, like I know there was a whole debate with Vanek like L3 this and that, but I think think could come in let's play this, this 13 second clip here real quick. But he could come in and just create his own chain here, you know? Let's see what he says, you know? As a huge believer, crypto and and. And and blockchain and tokenization. I I mean I want the SEC to rapidly approve the tokenization of bonds and stocks. You know as.
You know, he's talking about all this stuff. I mean, it's gonna be interesting. Usually when when when when Larry think respectfully asks for something like that usually means he's getting it so the. Other quote he had during his panel with Bloomberg yesterday. No, I didn't see that. He said basically he laid out the path for Bitcoin to go to 500 K, 600K700K and he's talking about. Well, I saw an article talking.
To these, you know, wealthy funds across the globe about trying to get a 2 to 5% portfolio allocation of Bitcoin. Wow. I think we we've been talking about that as a huge critical component of the longer term term bull case for a while. Yeah. It's just it's people need to hear it from him. Yeah, it's wow, this. I don't know. Anyways, you're looking good, dude. You're good. I think you're safe here.
Tyler, this is the. Point actually from Tyler here, and this is something to be aware of. I just spoke about how the trenches are down right, Trenches are not making money. And I see a lot of people saying cycle, talk, cycle, talk, cycle talk. These people do not care about those pacts. If they'll come, they'll buy Bitcoin. We've seen this so many times. Right, of course.
I think, I don't think yeah, we may get a little bit of a dip on the lack of a near term strategic reserve, but the the people are just going to keep on buying Bitcoin like Bitcoin is is going mainstream. If you read all the major trad 5 firms right now are talking about how we're going to get into this space, we're going to sell Bitcoin, we're going to do smart transaction stuff. I'm not saying don't be in the trenches, but like if you lose money on a meme coin, it doesn't
mean it's the cycle top. And I keep on seeing that take. What is interesting is so I've seen this like Darren was talking about this. So I think a part of the bull case for meme coins alts was the wealth effect created by Bitcoin. He's he's starting to wonder, is the wealth effect going to be more muted because the money is actually pouring in the Bitcoin via the the ETS and that money is all elsewhere and it's not coming on chain.
I I understand that perspective. I still like there's still going to be a, a huge impact on chain as well. So I'm not fully subscribed to that, but it is something to keep into consideration how how this is a different pump than prior cycles because a lot of the money is elsewhere. Yeah, but we might get ETFs for everything. We might get ETFs for a lot more. It's true, and we will. We're already seeing it. I mean, they're calling for doge, doge ETFs.
They didn't someone apply like these weird ETF filings for a bunch of different unicorns. Not that it's going to happen, obviously, but like, you know, there's there's a very serious Dogecoin ETF that came out right in news with Bitwise and Bitwise is breathing on top of their their game here with crypto, you know, so this is just the beginning of it all. So we'll see. We'll see where this takes us. Look, Tyler, I have a good feeling about your law.
You know, I don't think Senator Loomis just hyped up the crowd for her own voting thing. Definitely not. Yeah, it appears like like 3 News right now on the Telegram is talking about the signing executive order, then an hour later getting on with NAIB like there is there's a lot of stuff leading up to like what's the polyline right now, dude on this strategic reserve? Even if they announce it, it could, it could still sell off because of like the details.
Oh wow, it's up from It's up 10% today. What do you see that? Am I in the wrong? Will Trump create BP in reserve in first 100 days? Was it 29% when I checked this morning and it's up to 39%? Yeah, yeah, yeah. We said this while ago on the show, right? This was the 100 days is a is an easy cook. I think the easy day like the 100 day line is so good. I don't love, I mean 39% like this is not meat. Like this is not insiders telling us that this is definitely happening.
I noticed at 60% I'd feel a lot different. If it was 60 plus, yeah, you're right, like 70 points, you're like, OK, maybe we hit. We hit 48% on. Someone depending like a ton of Trump. Did you see his headline? I don't know. He definitely moved the market on it. Let's let's look at a Trump's coin here. 37 Bill. Someone just put 2,000,000 worth of Trump Trump token because that would be a wild amount. I mean, yeah, sure. Trump will look, look at that. It moved this here.
Yeah, but I don't know if it's two times by the price right, 70 million Trump or if it's. 2 million, yeah, that's a huge difference. Well, let's look here, right? Let's put $1 million. There was a $2.1 million buy. Yeah, here this wallet. And then that happens a lot. Yeah, yeah, it's fun. Yeah, it's this wallet has, well this wallet has about $33 million worth and sold 44 million so far. So it was. That's probably Frank. It's up 1010 mil. Love it. The swell.
It is up a lot. This is nice. Wow, What? It's actually looking pretty good, not going to lie. So I mean, if if I mean Trump has levered Bitcoin, I think at this point with with potential for upside catalysts and talking about it or any other like curveballs come out. Yeah. So if Bitcoin, like we saw, like Bitcoin is selling off, Trump's selling off, Bitcoins pumping now. Literally, yeah. I think that's, I think that's how it's probably going to trade here for the near term.
Yeah. It's hard to see like the path where Trump runs 37 to 100, like the action we were seeing over this weekend. Like the huge candles feel a little harder without like mate. Like if Bitcoin candles to 120 K today then Trump could go to 70. Five probably. Could you guys imagine a world where 2:30 PM the executive order gets signed for Bitcoin Strategic Reserve and we fly to 120 so long as there so long would be 300 there and the trenches would be on fire? Yeah.
Imagine if ETH is a part of the reserve. Brother, it says B with the big things coming with the big corn logo, I. I love this stuff. I love this stuff from ETH people. It's always. I love it too. I love it too. But I wouldn't. I wouldn't. I wouldn't hold my breath. Eric Trump to save D5 Was was right before the inauguration, right? I, I, I, I did think for a moment that would be a crypto strategic reserve with a basket. I think that would take more time because what was your
basket in there? Top four. Top five. I think it's highly likely you get some form of American first crypto. I do. I think it's good. I think it would be good for America to get more American firms in crypto. If it's really is if, if Blackrock's saying we want to tokenize stocks and bonds, like how does America turn away basically every major crypto firm? Like they should be trying to get more and more of it on shore.
It's wild to me that AI they're like, so, so like, you know, we're going to have chip export restrictions. We we don't want to have any other foreign technology. And then crypto, they've just basically forced it all offshore. It'd be crazy. Crypto is going to be great in. America, the White House tweeted too, telling you, dude, it's, it's going to be nice. Look at this. It's going to be a nice speech.
I think we're going to stay on 11 to, to, to, to to stream this like President Trump to deliver virtual remarks to the World Economic Forum at 11:00 AM EST. You want to listen to this because if there's no mention of the word Bitcoin, D Jens are going to sell the shit out of their Bitcoin. The folks trading per on the people who are going to sell it are the people who are going on, yeah.
Exactly. The other thing that happened at the Larry Fink conversation yesterday, Zhao Ping, I'm I'm I may not be doing his name justice. Zhang Ping Zhao. He did it really well. Sorry, Ping Zhao. Ping Zhao. He's the CEO of G42. He was on with Larry Fink. It was just those two. He went on to say I truly believe crypto is the currency of AI.
And then he talks about how he thinks everyone eventually is going to have their own AI agents doing financial transactions for them and says legacy banking can't handle it it it has to be on the blockchain. We spoke about this exact thing yesterday, right? This exact thing. And crypto and AI, Yeah, I think, I do think that some of these utility ones are going through a little bit of a period here where we maybe need to see something new to keep pumping them.
It's something exciting. Bitcoin 120K. Not that like actually from a technological side, let's say like I think we we ran through we ran through memes places. Now we're basically creating tons of Co pilots, like people saying they can do D5 but nothing actually really like no one's actually using it because it's not working. We do need, I think on the application side, maybe something new come out or we actually have to start seeing
this stuff work, you know, well. I mean, no one wanted to use driverless cars for years. It's it's too scary. Like you're not going to turn over control your car. Now people, now people slowly are doing it. Yeah, slowly, right. I saw the Jaguar like the Uber cars or something that. It's a life changing experience that they they just sit there, they don't have anything. I fully believe that we'll go all in like Crypto D Jens will
put 100K into a small ship coin. Like they will not mind testing out some random AI thing. Yeah, I don't know. We'll see. I do. I do think that the the statement though, that crypto is the currency of AI makes perfect sense though, Like if the intersect like it's not like it's so funny because a lot of the I mean people like the Jason Calacanis of this world, like all the like like super cringes like anti crypto folks in tech were trying to PvP crypto and AI last cycle and during the bear
market. But it's not APVP in that sense. Like I do think they bring value to one another, right. To me, like blockchain technology is the big like advancement society and then AI and it just so happens to help AI in many ways and vice versa. Like I think I think there's like this whole yeah, people say, hey, Jason, like Jason is a Jason, right? He's been wrong every step of the way on crypto. Don't worry, he's probably. Point. Remember he said he had Bitcoin
at the end of it a lot. Of Bitcoin. Don't worry about it. We own a ton of Bitcoin. I own a ton of Bitcoin. Bill probably has like $10,000 in his IRA Bitcoin like to buy bit. Dude remember when he was talking on me with the price of Solana and then Solana like doubled? Rather, I mean at the same time he was telling people to pivot from crypto to AI, Solana was rating it probably under 10 or around 10 to 20 right? So he's missed 15X while he was by AIAI stock? Tyler, well, you're rich.
OK, so she just posted. There you go. So Loomis just posted again, so this is not going to be the 11:00 AM. So she posted that. It's true. It's her announcement of herself. So that's done. Digital assets are the so honored to chair the Senate Banking Subcommittee on digital assets. So again, Anna Tourette, the queen of ETFs, the queen of crypto news on top of it as usual. So Senator Cynthia Loomis is going to be so just another pro crypto, you know, person with an important jobs there.
So we'll see what happens at 11 though. So she did say 10:00 AM. So I think it's good that she posted this now so that people don't think that this is a 10 AM NEWS, 11 AM news, right? Well, we still don't know the time zone, so maybe she just delayed the previous announcement. Who knows? It's not so. It's not, no, it's pumping. This whole sell off has been bought back. All right, this time tomorrow do we get a strategic picker? I've got I've. Got people telling me this is
nothing I I still don't. Blame Green. OH, it's pumping. I think we've definitely got. MSR This could be BSR Mendo I think so, yeah. What's the number one asset you would want to own which isn't Bitcoin if this is no or Trump? Or Trump or far coin those 3 in order. I think Trump would God candle on on associated for background reserve. Trump is probably the number, yeah. After Bitcoin is Trump I think. I think Trump, but Trump pumps Solana in a way too so honestly I'm dead serious.
Like Bitcoin, Trump, Solana, Far Coin. And here's the reason why. Radium is actually the number one coin you want to own. Exactly. No one says it and it keeps on going high, guys. You know what though? Or. Play different different things and then they will go lower. It's funny. For so many reasons, but it's also funny because it's true. You must be up a lot right now on this call. Yeah, like it's. This is a gorgeous chart, and you're right.
I mean fixing shovels, right? Unit swap trades at $14 billion. What still? Unit swap trades nearly at $15 billion for what doesn't have a buy back does 1/5 of the volume of radium. Absurd, absurd, absurd. Even Jupiter does more than unit swap and doesn't trade like that. But did you clean your eye drop yesterday? No, I'm, I'm waiting. For what? I just, you know, I just like to leave it there, see what happens. You got 3 minutes to claim it, right? Why? Don't you leave it in your
wallet? Yeah, maybe. I love that this man's too rich bro. He's got a half $1,000,000 AirDrop waiting on this winner. He doesn't want to claim it. This is it's my rainy. Day. It's my rainy day fund when I came in. It's your. Rainy day fund. You're you're not a real human being, dude. I you're not serious, dude. That is so funny. That is so funny.
All right, look, is is fair sight in the room with us right now because I want to get fair sight done and at 11 AMI want to pump the Trump thing on. So I'm already cancelling my next call. Do we have drew in the house? I know he's on. What's up, Drew? What's up boys, How we doing? How you doing man? You good? Yeah. Can you see me? I'm in a small out of New Hampshire for my Wi-Fi that. Kind of shit, just want to confirm. Are you the Andrew on X requesting? No, I don't think so.
OK, I just want to make because there's a Andrew requesting that Drew here. So I don't want to let the wrong person on the stage. Everybody hang tight because in about 10 minutes, President Trump's going to be making remarks and there's a chance that we we stay on or not.
I'll let you guys know soon. But Drew, I mean, if you've been following the show every day at 10:00 AM Eastern Standard Time, every morning I go through the ad read with Fair Side Network who have been sponsoring us for a moment now chat to you guys really appreciate showing us support and and important show and rock radio as a whole. So Drew, man, give us a little background who you are and what Fair Side Network is, because what you guys are doing is important.
Yeah, so I mean, I've been in the space for a long time, you know, mostly a lurker on X, but I've been here since like 2017, kind of like an old school ETH guy and like a degenerate, you know, like I've been working on this product for like a long time. Basically it's a form of a wall training coverage like you say on your show every day.
And we're just like trying to trying to provide a backstop and a lifesaver for people who, you know, get wrecked in the space, move too fast, don't use right security tools and ultimately and left with like nothing when they wake up and they checked their wallet. Yeah, I mean, this is crazy. Like, by the way, this is very, very legitimate. Like you guys should have a look at it. I'm on the website sharing on video if you guys want to check
it out. But past three months, there were 47,000 victims of crypto theft totalling $120 million in losses. And this is really, really wild. And it's non-stop, especially bull markets, right? I think you you probably agree with that. Yeah. Someone asking, does Wizard use fair sight? That's not funny. Too soon, homie. Lost the punk the other day. That's not funny, dude. It's crazy. So so tell us more like how does crypto, how does it work?
And then crypto specifically like coverage like insurance for crypto scams. Yeah, I mean, for us it's it's pretty simple, right? Like what we're doing is we're offering like a full spectrum coverage for all the assets you hold in your wallet. So like you know, and wallets so like sole ETH, Bitcoin NFTS, ordinals on Bitcoin network, RWAS, all the shit like that. We cover a bunch of networks.
Like you can see up there, it's not just ETH, it's ETH compatible chains, L twos, like I said, Bitcoin network, Solana, pretty much everything that people are interacting with this these days. It's cheap too. It's like, you know, 1.95% up to a maximum coverage amount of 100. And when you sign up for coverage, you sign up with a wallet, single wallet. We suggest you use that as like your user ID and then you can add nine other wallets up to a total of 10 wallets.
So pretty much like, you know, we believe in good wallet hygiene. Obviously you shouldn't have all your assets in one wallet on one network. You should spread them out and so you can Add all those wallets to your membership so all those can stay covered while you're doing whatever you want to do. Interesting. Wow, it's funny you guys, I've never heard of like coverage for like crypto scams and stuff like that until fair sight because you guys sponsored us also last year.
I remember came on the show and then obviously you've been doing this for a few months now with us again. And so you guys have really been cooking since Damn this is. Really. Yeah, We've been cooking for a long time. It's been a fucking rough Rd. too, because, you know, we've been tinkering with all these different kinds of insurance coverage for a long time.
And like there are certain products out there that have tried to do like these big global events, you know, like smart contract tax and exchange and solvencies and stuff like that. But we don't do that. Like we focuses at like the retail level. So anyone that has a personal wallet can actually get coverage for these events that leave them with nothing because there's security tools out there that are awesome through things like transaction simulation, blacklist websites, whatever.
But there's like there's no recourse for when those tools miss something or when you don't have those tools. Or like if you're like me and you move super fast in the past, kind of like get tunnel vision because you're getting FOMO on something and you end up getting taken advantage of, advantage of, like there's just nothing for it, right? And, and consumer protection is funny. No one really gives a shit about it until it actually happens to
them. But you know, it's something that the space is missing because like for new users coming into it, if these new users get got by like a drainer or, you know, get social engineered or, you know, click on a, you know, malicious link that ends up downloading malware when they're trying to like get some new web three-game. Like they're not going to stay in the space.
And then all their friends that were on the cusp that were asking them whether or not they should join are all going to get told to stay away too. You know, So like when we're talking about onboarding, like the new wave of Web 3 users, these are the things that like I feel are pretty essential to keeping those people in the space and give them the confidence that they need in order to really start interacting with the way that we do. Interesting. This is cool man.
Your branding is good. Jeez, love it. Oh. Dude, thank you. Yeah, yeah, yeah. It's, it's, it's we've, we've worked really hard on that. Like we have kind of like serious side of it That's, you know, obviously like the main product brand. And they also have this character called Doggy Daddy. Yeah, yeah, yeah, yeah. Like, yeah. You've seen the videos before. It's kind of like, yeah, it's like this Adult Swim style of
animation and storytelling. Like, I don't know if you've ever watched off between Hunger Force when you were growing up, but a lot of people tell us that he reminds us of Carl or reminds him of Carl characters like that. And basically, you know, he's like our brand ambassador and spiritual guru. And obviously being in crypto is super stressful. So we traded this dude that we relate to who's, you know, degenerate, kept getting
wrecked. And his story is like one of these things with like panic to peace. And we've made videos that have started to tell this, like from the roots of this degeneracy as an NFT and meme coin trader who's been constantly getting drained and scammed. He lives in like a garage in San Diego when you first meet him and only has this tiny dog, his companion, his wife has left him. You know, his life and bags are in shambles. He can't seem to stop the vicious cycle of wallet draining.
And then one day, you know, he's introduced, introduced to our wallet draining coverage. And it finally brings him the safety net that he's been looking for to find peace, you know, once again. And so there. He turns. In more of like a spiritual guide who tries to spread the word of Fair side security best practices and wallet hygiene and you know, save people getting
fully wrecked. And like, I literally have seen a tweet from you before that just said NFT storytelling and like storytelling and having fun is such an important space. It's like how you really maintain people's like attention span and meme coins are doing this. The best now was NFTS. Those communities are kind of
transitioned over. But that's exactly the thing we're kind of trying to do. Like, you know, we, we aren't just like a team of developers and like people that have been like primarily just working the space, developing businesses.
We also have like a a team of creatives that like a creative director leads who's on boarded, you know, these animators and demonstrators and storytellers to be able to create characters like Doggy Daddy. That can kind of be the hook that gets people into fair side because no one cares about insurance until you actually get affected by something shitty, right? No one actually cares, but we're hoping that people will have fun with Doggy Daddy and through
that care about our product too. It's good shit. I love that. I was going to ask you who doggy daddy is anyway, so that's good you went in there yourself. I love that. I mean it's true because the product is boring, right? Insurance Ledger Ledger has the same problem, right? Like security is boring, right? Nobody likes talking about security.
Nobody likes hearing about security, but at the end of the day is arguably the most important thing you know in in crypto because you are your own bank. And with that comes the risk of losing everything in one transaction, the one wrong signature and you lose everything you have right. And we have a lot of listeners. There's thousands of people listening to us right now because of the titles, everything with 1000 plus on spaces and probably 1000 plus on videos.
So super important for you guys to to hear this, no matter how boring it is and these guys are trying to make it fun with this doggy daddy dude that I was sharing on the show. Some good content as we showed the video last week on the show. Actually, we played it. So it was it was a lot of fun. And so and so what's the what's the deal with this pre sale thing? So let's get to that, right? Like we talked about the product about Dongy daddy went on there.
I can tell it's token season. I mean, the president, the president's dropping the meme coin. You know, it's token season. I'm on the website and there's something that that sparks my attention here. It says presale now live, register for coverage to purchase fare, get VC level entry.
What? Yes, So, so yeah, the way that it works is like, look, we, you know, feel like, you know, there's an imbalance of power in the space between VCs, you know, kind of insiders, cabal, whatever you want to call them, and then just the retail trader. And, you know, we are trying to make a product that like really serves the consumer.
And So what we're doing is like we're offering people to, you know, sign up for our coverage and purchase an allocation of the token at the same price, VCs and also so literally like I got it as a founder, which is $0.24 per token.
And, you know, we feel like that is just like a, you know, a very strong narrative to, you know, draw people into wanting to, you know, help kick start this community with us and really support the product because they feel like they're being treated as equals where, you know, so often they're not. No, 100% I love that. So what are the details here? How does one get involved? Is it just what I'm doing here
on the website? Yeah. So basically you go to the pre sale site and the the whole dynamic of it is that like if you purchase any amount of our coverage, you'll also be offered an allocation of the token to purchase. And that is going to be up to 50% of your coverage amount, up to a maximum of 10 ETH. And the coverage is is cheap man.
It's like, you know, basically $195 to be able to purchase 10 ETH in coverage, which is a pretty significant amount of of coverage for like the everyday user, right? Like a lot of insurance is super prohibitive when it comes to the cost, but ours is not. And so it's a pretty small barrier to entry in order to then be able to buy like from the amount I just said, 10 ETH, 5 ETH in the token at the same price as VCs. Like we're really committed to
the consequent fair launch. You know, there's no token lock UPS except for the team. We're, you know, vested over the course of 36 months. So like we're not getting out anytime soon. We're not going to be able to use anyone who's the liquidity. Ultimately, we're just like holding our own bags. And so we're hoping that people, you know, really find this attractive because again, insurance is not super attractive. You know, like we're not a part of a current meta yet.
Hopefully we will be at some point soon when, you know, kind of utility starts to draw people towards these projects more rather than just like, you know, what's the next mean point in playing the soul casino and AI agents and all those things and basically the vaporware that actually exists in space. So yeah, we think it's a pretty like a compelling narrative to, you know, attract people to the product and get them to want to,
you know, buy the token early. And we'll be launching on Abstract once their main net goes live. We, you know, we're in talks with like a bunch of different L twos thought about launching this on like, you know, the theory of main chain for a long time. But we really think abstract is approaching the consumer side of
the industry in the right way. And they're running their company like this like lean hungry ass startup and like anyone that like wants to fade Luca and the chip on his shoulder, like beware because it's probably not going to workout well for you. And you know, we're here to serve consumers. We think that we can help with onboarding the next wave of them into the space by providing this kind of consumer protection that Abstract is trying to do too.
And in terms of the way that they market their product and they try to target consumers, it's very similar to how we're trying to have fun and target consumers as well with Doggy Daddy and draw them into our product, just like Abstract is trying to do with drawing people into Abstract chain. Yeah. No, this look, I am aligned. We are aligned. Yeah, we're launching, I mean, tomorrow at. 5:00 PM UTC Myriad Markets is going to a blackout
for obvious reasons. We're migrating the entire platform over to Abstract. So it's yeah. So look, we're, we're going to be building on the same chain, brother. I love that. Anyway, I'll see you there. I'll see, I'll, I'll see you. I'll see you on Abstract. Listen, fairside dot network. This is the website, is it No fair side. I'm sorry, fair side IO. I'm sorry, fair side FAIRSIDE dot IO. If you're interested in what Drew had to say here today, definitely check it out.
Fair side. We've also pinned the tweet in the in the Twitter space. I know there's 1000 people still listening on there. Check it out. It's been up there. This is our show sponsors. They're awesome. They're good people and they run a great company. So Drew, thank you so much for coming today. Appreciate you man. Yeah. Appreciate you guys all. Right. Have a good one brother.
Cheers. All right, all right well, the moment you've all waited for Tyler dude, CZ while drew was talking, tweeted that the the BSR is pretty much a lock. So let's see what that means. Let's see it's. Interesting, right? I think the like the column headed take here is is probably a lock. Doesn't mean it's a lock for today, it means it's a lock to. Come. There's been an announcement of 1 coming this year though. 25 the the events that have transpired in the last hour make.
Dude. Yeah, let's take. A look flying, flying, we call this, we call this a 20%. Yeah, folks, I, so I actually pulled this up this morning because I was very curious and it was at 29%. So it's, it's up substantially. Wow. All right, Bitcoin's moving here, folks. It's 105.5. Dude, we call this on the show at 20% for the newcomers. We tend to have some pretty good calls on the show. So I like that. I like this line. What are we 105 four? So the, the, the the stream hasn't started yet.
We should, we should run with the, with the giveaways here and then maybe play a stream or not or just go with our days. But let's do a giveaway. So we'll have to pick from the audience. We're going to pick two people from the audience to come on stage and you're going to have the chance to either win a red guy NFT for worth $1500 or crypto punk worth $140,000. I think today is a perfect day. You know, I think today is a perfect day to to give away a punk. What do you think, Tyler?
Good day for a punk. Good day for a punk. All right. Well, the way we're going to do this is very simple, Tyler. So you guys have to retweet the Twitter Spaces. If you did not retweet the Twitter Spaces and I go on your page and you win, I'm just going to undo your win. And you have to be following us. So, you know we're going to do it like that. Oh, hold on. Do you want to stay on for Trump? What?
I'm done saying I don't. I don't really have anything to do. As I said it on Twitter, I cleared my schedule when we when Loomis tweeted. Yeah, he's talking now. Hold on. What great honour and pleasure I. Have to go. Back to the Davos community, just four days into your new mandate. For the record, I don't think Trump is going to address the World Economic Forum, announced the United States strategic people in. All the best. Power as you take all. Your critical walk ahead.
It's possible. The challenges we face today are monumental. It's the importance of American leadership and your personal leadership in this regard. I think if you are a bull, you have to be happy about how much you talked about. The Russian and policies relating to revitalizing the economy. Thousands of times. Talking. About crypto. As. You might expect, Mr. President, every.
Day we've got World Bank. You know how they want to transact crypto this morning I'm even speaking I. Hear folks all the watch the fewer truth all their. Family saying that they are open and one time they're waiting for the regulatory. Clarity and. The regulatory clarity is we've got a crypto friendly SEC crypto task force, we've got Loomis now at the helm.
There's there's a large cohort of people who think her announcement was simply that she is the chair and that she was just kind of pumping her own backs that that could be the case. I don't think so dude. See it's a one O 6 dude. Yeah. I mean, I do think that from a standard standpoint, it's not a great tweet, you know? We're in a we're in a new era. We're in a new era. Now this is.
Beautiful Davos. This has been a truly historic week in the United States. Three days ago I took the oath of office and we began the Golden age of America. The recent presidential election was won by millions of votes and all 7, every one of them, all 7 swing states. It was a massive mandate from the American people like hasn't been seen in many years and some of the political pundits, even some of my so-called enemies, said it was the most consequential election victory in 129 years.
That's quite nice. What the world has witnessed in the past 72 hours is nothing less than a revolution of common sense. Our country will soon be stronger, wealthier, and more united than ever before, and the entire planet will be more peaceful and prosperous as a result of this incredible momentum. And what we're doing and going to do.
My administration is acting with unprecedented speed to fix the disasters we've inherited from a totally inept group of people and to solve every single crisis facing our country. This begins with confronting the economic chaos caused by the failed policies of the last administration. Over the past four years, our government racked up $8 trillion in wasteful deficit spending and inflicted nation wrecking energy restrictions, crippling regulations and hidden taxes
like never before. The result is the worst inflation crisis in modern history and sky high interest rates for our citizens and even throughout the world. Food prices and the price of almost every other thing known to mankind went through the roof. President Biden totally lost control of what was going on in our country, but in particular with our high inflation, economy
and at our border. Because of these ruinous policies, total government spending this year is $1.5 trillion higher than was projected to occur when I left office just four years ago. Likewise, the cost of servicing the debt is more than 230% higher than was projected in 2020. The inflation rate we are inheriting remains 50% higher than the historic target. It was the highest inflation probably in the history of our
country. That's why from the moment I took office, I've taken rapid action to reverse each and every one of these radical left policies that created this calamity, in particular with immigration, crime, and inflation. On day one, I signed an executive order directing every member of my cabinet to Marshall all powers at their disposal to defeat inflation and reduce the
cost of daily life. I imposed a federal hiring freeze, a federal regulation freeze, a foreign aid freeze, and I created the new Department of Government Efficiency. I terminated the ridiculous and incredibly wasteful Green New Deal. I call it the Green new scam, withdrew from the one sided Paris climate Accord and ended the insane and costly electric vehicle mandate. We're going to let people buy the car they want to buy.
I declared a national energy emergency, and it's so important national energy emergency to unlock the liquid gold under our feet and pave the way for rapid approvals of new energy
infrastructure. the United States has the largest amount of oil and gas of any country on earth, and we're going to use it. Not only will this reduce the cost of virtually all goods and services, it'll make the United States a manufacturing superpower and the world capital of artificial intelligence and crypto. My administration has also begun the largest deregulation campaign in history, marketing even the record. Setting. Efforts of my last.
Term Whoa, whoa, whoa in. Total, the Biden administration imposed $50,000 in additional regulatory costs on the average American household over the last four years, I have promised to eliminate 10 old regulations for. Every. New regulation, which will soon. Put many thousands. Of dollars back back in the pockets of American to further unleash our economy.
Our majorities in the House and Senate, which we also took along with the presidency, are going to pass the largest tax cut in American history, including massive tax cuts for workers and family and big tax cuts for domestic producers and manufacturers. And we're working with the Democrats on getting an extension of the original Trump tax cuts. As you probably know by just reading any paper, my message to every business in the world is
very simple. Come make your product in America and we will give you among the lowest taxes of any nation on earth. We're bringing them down very substantially, even from the original Trump tax cuts.
But if you don't make your product in America, which is your prerogative, then very simply you will have to pay a tariff, differing amounts, but a tariff which will direct hundreds of billions of dollars and even trillions of dollars into our treasury to strengthen our economy and pay down debt. Under the Trump administration, there will be no better place on earth to create jobs, build factories or grow a company than right here in the good old USA. Already Americans economic.
You can see this, I think maybe even in your in your wonderful, wonderful room that you're all gathered together, so many of my friends. But Americans, the economic confidence is soaring like we haven't seen in many, many decades, maybe not at all. Upon my election, it was just announced a small business optimism skyrocketed by 41 points in a single month. That's the highest ever. There's never been anything like that.
SoftBank has announced between A-100 and $200 billion investment in the US economy because of the election result. And just two days ago, Oracle, SoftBank and Open AI announced a $500 billion investment in AI infrastructure other companies likewise have. The stream? Oh no. No, it's not even me. It's on the White House account. Dude. I think a lot of people may be playing this. A quick price update, one O 6/1 here on Bitcoin. So absolutely flying. Tyler's buying the rounds next
time we see each other. I need to hear what he's saying. I know. But it's bugged. The stream doesn't work anymore. The White House stream. Fuck, it's not even me. Oh, they got rugged. Oh my God, he broke it. Bullish rug so far. No, he broke it. No. For a transcript of what they said. Usually my Wi-Fi is bad, but this is not on me this time. Oh, go to YouTube. OK, one second, White House. One O 65. Keep it coming. Keep it. OK. I got you done. Bring.
Down the oil price, you can end that war. They should have done it long ago. They're very responsible, actually to a certain extent, for what's taking place. Millions of lives are being lost with oil prices going down. I'll demand that interest rates drop immediately, and likewise, they should be dropping all over the world. Interest rates should follow us
all over. The progress that you're seeing is happening because of our historic victory in a recent presidential election, one that has become quite well known throughout the world. I think a lot of things are
happening to a lot of countries. They say that there's light shining all over the world since the election, and even countries that we aren't particularly friendly with are happy because they understand what there is a future and then how great the future will be under our leadership. America is back and open for business. And this week I'm also taking swift action to stop the invasion at our southern border. They allowed people to come in at levels that nobody's ever seen before.
It was ridiculous. I decided A and declared to just to, to do. And very, very importantly, a national emergency on our border immediately halted all entry of illegal border crossers, of which there were many, and began promptly returning the illegal trespassers back to the place from which they came. That action, as you've probably seen, has already started very strongly. Have deployed active duty U.S. military and National Guard troops to the border to assist in repelling the invasion.
Invasion we will. Not. Territory to be violated After 4 long years, the United States is strong and sovereign and a beautiful nation once again. It's a strong sovereign nation. In addition, I'm pleased to report that America is also a free nation. Once again, on day one, I signed an executive order to stop all government. Census. No longer will our government label the speech of our own
citizens as all. Time. Misinformation or disinformation, which are the favorite words of censors and those who wish to stop the free exchange of ideas and frankly, progress. We have saved free speech in America and we've saved it strongly. With another historic executive order this week, I also ended the weaponization of law enforcement against the American people and frankly against politicians, and restored the fair, equal and impartial rule
of law. My administration has taken action to abolish all discriminatory diversity, equity and inclusion nonsense, and these are policies that were absolute nonsense throughout the government and the private sector. With the recent yet somewhat unexpected great Supreme Court decision just made, America will once again become a merit based country.
You have to hear that word merit based country, and I've made it official and official policy of the United States that there are only two genders, male and female, and we will have no men participating in women's sports and transgender operations, which became the rage will occur very rarely. Finally, as we restore common sense in America, we're moving quickly to bring back strength and peace and stability abroad.
I'm also going to ask all NATO nations to increase defense spending to 5% of GDP, which is what it should have been years ago. It was only at 2%, and most nations didn't pay until I came along. I insisted that they pay, and they did because the United States was really paying the difference at that time. And it's was unfair to the United States.
But many, many things have been unfair for many years to the United States. Before even taking office, my team negotiated a ceasefire agreement in the Middle East, which wouldn't have happened without us. As I think most of the people in the room know, earlier this week the hostages began to return to their families. They are returning, and it's a beautiful sight, and they'll be
coming in more and more. They started coming back on Sunday. Our efforts to secure a peace settlement between Russia and Ukraine are now hopefully underway. It's so important to get that done. That is an absolute killing field. Millions of soldiers are being killed. Nobody's seen anything like it since World War 2. They're laying dead all over the
flat fields. It's a flat field, farmland, and there's millions of Russians and millions of Ukrainians, and nobody's seen anything like it since World War 2. It's time to end it. And here in America, we have big events coming up next year. We have the 250th anniversary of America's founding. I'm so honored to be president during that. That's been a big event. They've been talking about it for 10 years. We also have the World Cup and I understand Gianni Gianni's in
the room. Infantino, he was a very instrumental in helping us get it. He's there with you some place, I think, and I want to thank him for that. And then we have the Olympics coming up, which I was instrumental in getting also in my first term. And who would have known that by skipping a term I would get the Olympics? I was upset. I said, you know, I got the Olympics to come and I won't be president but.
Throw a. Stroke of luck or whatever you might call it, that I'm going to be president during the World Cup and the Olympics and the 250th anniversary. So that's going to be 3 big events and we've accomplished more in less than four days. We have really been working four days than other administrations have accomplished in four years,
and we're just getting started. It's really an amazing thing to see in the spirit and the light over our country has been incredible under the last administration. Our nation has suffered greatly, but we're going to bring it back and make it greater, bigger, stronger, better than ever before. I want to thank everybody for being with you. I would have been there myself, except the inauguration was 2 days ago.
I thought it might be a little bit quick to make it the first stop, but we'll get there one day. We hope to get there. But I, I do appreciate, I heard the audience is fantastic and many of my friends are in the audience and I will be taking questions now from some very distinguished people. Thank you all very much. Good speech, I see. The questions I closed the law, it's not going to get brought up. Here, Mr. President, for that very powerful.
What'd you close that at 1:06? Like 106 two, I didn't catch the big top but. Doesn't matter bro, you got. A big chunk of the move. Does not matter at all. You could put it back on at like 2X and just let it ride to 2:30 PM, but. For everyone listening, I'm still very long like I'm still very bullish and long Bitcoin. This particular trade need to be closed panel with some. Of the. Most How's the rest of the our coins doing? Oh, Trump 3840, the world.
Yeah, everything's start. With some four coin 150, do we want to save our longer discussion about that for tomorrow? Yeah, I'm curious about the question is going to get asked. Mr. Steve Schwarzman, Chairman, CEO and Co founder, Blackstone Group. So Steve Floor is yours. Well, Mr. President, Hello, Steve. I'm sure the Crown Prince of Saudi Arabia will be really glad you gave this speech today.
I hope so. You've had the busiest 4 days that anybody can imagine, and congratulations for that. And my question is, is about some of the things I've observed here at Davos. It's a terrific forum. I've met lots of people as usual. I think I've been here 30 years and a lot of the European business people I have ex. Does it keep cutting? Dude with the regulatory regime in the EU and. One second, let me refresh this. It's so annoying. One second one second one second one, second one.
Second, OK, because of the numerous factors, but especially because of regulations and you've taken a completely. Different. Can this guy ask his question already? In this area, and if you could explain the theory of what you're doing, how you're going to do it, and what you expect the outcome to be, I'd appreciate it. Well, thank you very much and congratulations, Steve. You're a friend of mine, but on a great career. You have had an amazing career
and continues. Just want to congratulate you. You're very inspirational to a lot of people. I want to talk about the EU because you mentioned specifically that I have also had a lot of friends and leaders. I think someone's going to ask about the big one here. A little bit during, I don't think so. I think we probably. 2:30 PM. You must make AI and crypto big in America. That that was a big headline, yeah. That's it. That's all you need though, right? It helps you up for 2:30 PM.
Like that's when we know there's something going on, right? So executive orders are at 2:30 PM. So we'll see. Let's see if the executive orders are in there. You know, the polling market lines fall and it's back to 44%, so. Yeah, but like, what do you, I think people like have crazy expectations of a president of the United States? Like, do you, like, I think crypto people want him to speak only about crypto, Davos, You know what I mean?
It's like, dude, hey, you know what I mean, Tyler, like, not you, right? But like, just in general, like our industry. I feel like, like the other day I could not stop laughing about the fact that on the day he was made president, people thought that he would like this would be more important to like political prisoners shit, you know? So it's like, you know, I think we need to remember, you know, we're not the biggest industry, but we're getting there and
we'll get there anyways. Let's do our giveaways and go on with our day here. You'll see the headlines do giveaways. That was good though, good speech. He used AC word crypto. So that was very positive. I mean, you saw the the reaction to the market. I think that gave enough confidence also for the rest of the market for rest of the week. Tyler, like just a little thing just gives people a little more confidence. And also the CZ tweet.
Yeah, the CG just told everyone that he thinks it's coming. Right. I mean do. Yeah, go on. Sorry. I think it's a better bull case for this to continue to be like this thing is coming in the future. Then it's it's here today I. Like that. I like that Lumis also, I know she hyped it up a little bit. She did not need to. She definitely did not need to make that tweet this morning. No, even after hearing a speech that was way too much like 10. Like, dude, that was that was so
bad. It's OK. But yeah. Well, what's her? What's her Kaido score? She's. Just like we meet. Her on Kaido. I want her to know her wallet address and then so there was that, but I don't think she needed to make those comments. However, you could argue that her being in that position is extremely bullish for our industry because she has been someone that's been pushing the crypto agenda in the in in DC
very strongly. So it's another positive headline for crypto today, you know what I mean? So we're heading into the weekend. We get good news today, you know, low volume weekends we could so. So here's what's going to happen. Today's going to be volatile. Everything, everything's on hold. I think today plays out, no major announcements, no shake UPS. We can start to like look forward a little bit. Did you say crypto again? Someone say crypto. Crypto.
I don't know, maybe not. Anyways, yeah, you're right. Like this is all really good. So anyways, those headlines are good.