Yo-yo, yo-yo, yo, what up? What up? Good morning. Good morning, GMG baby. Oh. Baby Monday, January 20th, 2025 It's a beautiful day to have a beautiful day. I got my coats in the house, Mango. Good morning boys. How you doing today? Fantastic. What a fucking weekend. Honestly man. Like Friday night at 3:00 AM that coin comes. I said to my wife. I was like, Oh my God, he's just fucked up. Every single person in Kryptos weekend.
Like every single person in crypto was like going nuts on Friday, nuts on nuts on Saturday when I woke up. And then Sunday, the Melania coin, I was out for dinner. I was like, you know, finally over. I'd had a good weekend in the end. And then Melania dropped a coin and I come back, my phone was at a battery. I was just at some Japanese restaurant, came back, all my coins down 40%. I was just like, what has possibly happened?
Like. Yeah, AI and me just got destroyed by by the Trump family. Had a threesome with Melania and Trump this weekend but I got fucked by Burger. That's a banger, by the way. You should probably post that one. I love that Tyler. Tyler. Dude, this is like, well, first of all, happy Emma K Day. Yeah, I know it's a it's a holiday in the USA, markets are closed, etcetera, etcetera. Happy Trump Inauguration Day. You got your Bitcoin night on. I love that.
Tyler, how you feeling today? What a fucking weekend. Like Amanda nailed it. I think anyone who was in the trenches, excuse me, aged about a year, maybe a couple years this weekend, you. Did. Bitcoin all time highs this morning. Today is a big, big day. They we hit all time high this morning. Oh my God. Oh yeah, I was asleep still down. Let's go, let's go. Mandel quote of the day. I swear to God had a threesome with the Trump's, but I got fucked up. That's a banger.
I mean very few people can say that that a threesome with the Trump's Mandel. So except for like every single crypto Twitter participant anyways. Anyways, anyways, so damn the show. Listen, the other show, I think it's quite obvious, right? We're going to do the market, we're going to do the Tyler's. But you know, we're we're pretty much just going to talk about Donald Trump, Melania Trump, Baron Trump, the inauguration, Bitcoin reserve, Solana reserves.
What's the third token? Oh, Ethereum. Yeah, ETH reserve. ETH reserves, XRP reserves, I mean, we'll talk about fourth core, we'll talk about everything today. So we got, we record the programming for you guys today on this, on this national hallway in the, in the US of AI mean the inauguration state. So Tyler, actually, I hope you got the schedule on top in front of you because I, I'm curious how this whole thing runs today when the executive orders are this and that.
I'm very curious to see the programming for today in America. But before we get going, this show is powered by Galaxies. Galaxies is a web 3 platform empowering creators and brands to build unstoppable communities with full ownership and independence, trusted by icons like Donald Trump, Steve Aoki, Mike Tyson and the NBA, shaping together the future of engagement.
Boy, oh boy. For a second when they said that Trump's team that did the NFTS launch a coin, I was like the Galaxies launch this coin, not tell us. But turns out it was another one of his teams. I was like, OK, OK, I did think about Galaxies for a second. I was like, really? Anyways, also powered by Fair Side Network. Everyday we see people's wallet get drained. Fair Side is about to launch a fair alternative for insurance for crypto scams.
Check out Fair Side Network on X. If you get drained, you won't get wrecked. Mendo Mendo Mendo Mendo Mendo. Let's see what you got today. Yeah. So I'll just focus on the majors for now. So obviously Bitcoin all time high today, 60% chance of a of a reserve on polymarket at the moment in the 1st 100 days. So big, big increase in those
odds. Bitcoin mooned having touched 99 K yesterday, liquidated nearly a billion or just over a billion dollars worth of pups just before it hit all time high. Kind of classic that really Solana also all time high. I don't want to kind of go into what Tyler's saying, but yeah, that was all to do with what's happened with the Trump's this weekend. You have all time highs for DEX volume. You have all time highs for fees, all times highs for TBL. Just insane amounts of activity
going on, on Solana right now. I think, I mean, I was very bullish on Solana before over the last few weeks saying, look, I thought it was undervalued, but it was completely mispriced. And then within the space of two days it hit all time high. I honestly, I think this can keep going like, yeah, hit all time high. The underperformance is now over. You do the unlocks will probably, you know, there'll be some fun around them again now.
But it's like with what I think we could see here, I think Salon can can can easily go up to to to 500 here. So in the in the short term that is I think people are getting super bullish on it for the medium, medium term here. EI think is down 4% over the weekend. E BTC hit the lowest level in four years over the over the
weekend. Again, obviously missing out on a lot of the firstly, the dex activity and then secondly, and the fact that it was done on Solana versus eve, I think was seen as kind of slightly negating the world liberty financial actions, although there was some light stuff going on there and some of the headlines or rumours we may be seeing are around that they've obviously world liberty financial, which is the the NTC tide to the Trump's.
In particular, Eric Trump is has been buying ETH and is claiming some big stuff coming today. Trump is saying he's going to do 200 executive orders today on day 1-2 hundred. So we could see a crazy amount of stuff this this is going to range over a ton of different ton of different things. But it feels like it could be could be crypto.
We could get stuff around US, protection as as as Tyler said, a lot more talk around the idea for tax breaks for some of these companies and or maybe even zero capital gains, although I doubt you'll get zero capital gains, but who knows You Yeah, look at that. What a breakout. Like we drew this line on the show on Friday, I think morning. And then it just. Yeah, and retested it last night. Everybody got shaken and then just back to All Time High this morning.
All Trump high and then we get a. High Wait, who came you came up with this? No, no, no, that was a meme. That meme for one day all Trump high. All Trump high is great Ath all Trump high. I hope you he's you're bangers today man. Though jeez, you're here. You should tweak those. Yeah, maybe. Maybe I should. Maybe I should get some yap points? Yes, you should. And to say what else is macro, it's it's AUS holiday today, so everyone's at home to trade. This made front page news.
Some of the the the Trump stuff, you know, like CNBC front of the FT front of even BBC News like this was huge news. I think you're about to see just insane amounts of activity. I've been pretty vocal on the timeline that I think what we saw was like APVP of of everything else, like Trump is now like the biggest coin on Solana basically. Or I mean, it's FT VS 50 billion. Let's go there. Let's just go there because I know you and Tyler are going to talk about this.
Go. And then we can have a broader, broader conversation about it. Ah. Fuck, there we go. Where? I just brought GSC it there it is. No, no, I think Tyler should do his top 1000. He doesn't have it today. All night. We're not doing the thousands, but. No, 1000 there was, really. One story and and it had several parts. Take us top. Down you won't listen to this Tyler. Take us top down from how the weekend played out from Friday.
So Friday night, I think it was like 8:00 PM Central, so 9:00 PM Eastern. Get the ping in the chat. Trump coin. It was 700 million market cap when I saw it, so $0.70. That was the first time it starts going up. Disclosure. I, I buy a little and then if you're following it live, that 30 to 45 minute window, it was very shaky if it was real or not. So at one point the deck Screener page updated, it said it said E cash and there was fun like all over Twitter. It dumped like 60%.
So I actually, I bought and I sold the first dump and then it started going back up again and then it was 2 and then it was 3 and then it was full. And then so, so the true social page was the first page to to share. Then the Trump official Twitter retweeted it and then folks started seeing the website. The website has that the tokenomics and effectively, if you're watching it live, the longer that the, the, the tweet was up, that seems like signal
that it was likely legitimate. And then I think like 30 minutes later, people started kind of analyzing the website and they tied it back to some of the, you know, similar potential team that was tied to the NTS. So about 90 minutes in, it seemed like it was legit. At that point in time, it was probably already 4 to $5. Like anyone who was around that night had a chance to buy it at $6.
I think I I understand like if you didn't get it at six or less, but there was a definitely a window where you could have bought it around 6 bucks if you were online and paying attention. Yeah, so. I say until about midnight or so. It just seems like as time progresses, it seems more and more like this is legitimate. I think go to bed. We wake up the next morning and it's what, like 1520? And then I forget how high it went the first day.
It starts kind of falling. We, we go to bed what Saturday night and it was like, I think consolidating like 2025. My range of outcomes was anywhere from 40 to 15. Waking up Sunday morning, we wake up by Nance News and it's 70. And it's just total, total gangbuster euphoria for anyone who had bought the token and held it. Nuts. That long? Nuts. So we're, we're feeling great. It starts to pull back on Sunday
like normal dips, right? People are up literally 10s of 1,000,000 on the token at this point. We start grinding back up. It's back at 75 and all the all the Trump chats are like, OK, this is where we're going to move to 100 here Sunday afternoon. And then the second token drops. So Melania comes out and pretty much like instant verification that this one is real. I don't think people really hesitated to think that this one
was fake. And you see the, the Melania candle, it went from Trump goes from 75 to 30. I know 30 because I, I, I'm in chats with the folks who, who, who, who got themselves at that 30. I actually sadly sold a small Trump 30 to myself. And then it started rebounding from there. Meanwhile, Solana starts breaking a little bit. So Solana held up incredibly well during the Trump token launch. The Melania Candle and Solana's
crazy. Trump plus Melania overloaded it. It was very hard to buy the Melania token. It was very hard to sell the Trump token. Most people were just kind of locked. It was just basically that gridlock on Solana for a solid hour or so, I'd say. Meanwhile, Melania just marches up. Like I think if you were, if you caught Melania, I think there you had a legit chance to buy Melania around one or two if you were online when it happened. Oh yeah, yeah, I was trying like crazy. Just couldn't.
But actually no you couldn't bro. It was like it was I don't know how you got your through but like at a dollar $2.00 and and that would have been an insane trade. But I was firing dude. I was firing just firing 5000 K clips. It kept coming back failed, failed. I have like 20 failure clips Veladia between 1:00 to 3:00. I tried so hard. That was 55. This is funny. Nothing worked. After about an hour or so, we it starts working again.
Well, it continues to grind up. Trump seems to have found a bottom at like 40 upper 30s. And then it basically grinds up. We get the Robin Hood listing overnight. It jumps to 60 pulls back this morning and then kind of hovering around 50 here this morning. But that's what happened with the price action, what it did. Is it not just a firestorm of discussion debate, You know, did this delegitimize the entire crypto sector once again?
We have a Sunday where, I mean, half the time I felt like they were calling top last night, like people were like sell everything. Yeah, it's Max short crypto is over. And literally 2 weeks in a row we've we've had that sentiment before the Monday candles. So it's it's a longer discussion. There's certainly a lot to unpack from the from. The not to unpack. Let me tell you something.
Speaking of unpacking, the guy who bought $1,000,000 worth just finished selling on Robin Hood this morning for $300 million. Oh my gosh. So this guy bought $1,000,000 worth at launch at 18 cents and he's walking away making $300 million. You basically like that's an insider, right? Like if we fired. Right, Yeah, it's got it. I mean, I'm assuming. I don't want to like call it insider or accuse anyone, but like that was really like we got it at 700 mil.
That's when I first like heard one of it like you like it was like 7 because I think it was, it might have been you dude. It's it was so everything was so fast. It could have been, you could have been Amanda. I I forget it was one of you guys just saw it. My ass was sitting at the Ritz having espresso martini when this came out. One day I come out of my house. I don't leave my house. You know me, you know, I don't leave the house and this happens.
And then I hesitated, didn't go home, didn't go home, didn't go home. I caught obviously a really, really big trade after that on the Saturday night to Sunday morning. So the top, but that was that was nuts. I mean, what happens now, guys? There's a lot of variance in in potential outcomes here and I've seen a lot of ticks. I mean, if we start with the Trump token specifically. And So what happens up to Trump
token? And then let's discuss because I know Mando and I, you know, were just talking about this like AI and then I'm like, let's start with the Trump token. I'm curious your thoughts, both of you. Then let's discuss the rest of the market because it has a lot of repercussions on the market. Sure, I'm still bullish. The Trump token disclosure, I've sold about 50% of what I bought Friday night. I'm still holding 50%.
I I think there's a very, there's a real scenario where this still becomes the number one meme coin. I think crypto Twitter is largely overreacting to the Melania token drop. I don't think the retail buyers, there are 850,000 owners of the Trump token. Like let's talk about that for a second. There's 850,000 owners. It's 2 1/2 days old so retail like clearly came in to buy the Trump. I think moon shot said they on boarded like 400,000 wallets or
something. I was talking to Keith Grossman earlier and he's going to inauguration today with Ivan, the founder of Moon Pay, and he said that they only slept 2 hours over the weekend to make sure that even Moon Pay could stay up during the Trump launch. Sorry Keith, if I'm doc, So what you told me, but it's kind of like crazy news, right? And he's in Washington for the whole thing. Crazy to think, but when you think about that's how much
volume there was. They had to stay up to make sure moon pay was stay up and moon pay is very solid. Yeah, I mean, kudos to them for doing that. And they're a huge part of it. Like I've got so many teams, like literally worked the whole weekend to make this like possible, like Jupiter. And I forgot part of the story was Jupiter basically endorsed the token Saturday mornings. That's when we really knew it was official when they did that.
But so like we have retail here for the first time, like half of CT rhetoric for the last cycle, it's been like retail's never coming back. Retail came back and they bought the Trump token. And I think the bull case is if Trump talks about his token at all over the next few weeks, months, that's a pretty strong bull case. I think there's a chance he talks about it today.
We we have. So I guess the tokenomics are part of it. Only 20% circulating, 80% locked up. The unlocks start linearly in three months. That still feels like an eternity away. So it's, this is our supply for the next three months. Then you can address the unlocks
when they come. There's a lot of things they can potentially do with it. A lot of ways they can potentially endorse it. The bear case is if they, if they launch, if there's a new Trump family token launched every day, that's probably going to hurt the Trump token because I think people will just sell and chase the new one. And maybe, maybe eventually when the new ones are less profitable, maybe they rotate back to the top one. I I don't know, there's a lot of ways it could put.
Out Mando what? Do you? What do you, what do you think? What do you think? I think it's the Trump token now. Like it's sitting at what, 51 billion? Fifty bill. Yeah, Trump, I think is going higher. I I don't see a world where it doesn't go higher. I do think that makes Salon look unbelievably cheap. I agree. Like if. I mean 100 and half of Solana. Yeah, if this gets to 100, then Salon is going to look ridiculous. But that that like actually says
quite a lot, right? It's almost too big for Solana. What we've seen is just like every other soul bag, just completely naked because it's just too big for Solana. So what we are hopefully now going to see is a huge amount of TV. I'll come on Solana. A huge amount of trade is going to come on Solana. And but I think what the market is has been realizing maybe after Trump, there was like a, you know, the AI coins rebounded
pretty well and some memes. Did you know, it was like, oh, we're going to have to see rotation. And just before Melania came out, I was like we started to see a rotation. You know, like chill guy did like a 40% candle. MU Dang did a huge candle. Goat did a huge candle. All the bags which were like down. You start to see rotation for right. Then I went out for dinner and then Melania comes, does her coin.
And everyone suddenly realizes that every single time one of these coins comes out, we're just going to nuke the coins 30% because it's there's just not enough liquidity. So the. Allen's volume on Seoul. I I came away from it being like, and this is a thought I
was having late last week. Even with the even the AI stuff is that, you know, maybe Seoul D5 was the was the trade was more interesting here and that's that's why I started to look at it a little bit more just because I thought I just think that people are I'm scared to own a Solana point in big size like I have to have fiction right now because. It's like I owned. Ark right? And ark is I feel like one of my best trades. It dropped to 45% because Melania dropped a token.
Like what? What the fuck does that mean? You never know when the Lex coins going to go. It's like land mines like Baron Trump may have a coin in the next 24 hours. Yeah. Elon. I owned it through the Trump and I was like, Oh, this is really bullish because Trump's just said and then, but when it dropped on the on the Melania stuff, I was like, you know, that's that's a bit of a game changer. Like so when Elon drops a coin or, or, or is everything just going to nuke 50% again?
When like this is going to be open season, right? Cuba just launched a fucking COIN this morning. The country of Cuba. So was that a? Hack. Was that real? Didn't didn't that? Didn't that rug as well it? Was a hack, yeah. It seems like it would. Is that the I don't know. I don't want to share the wrong shit on on camera but that look, it did look cute. Did Che Guevara die for this? Honestly, Canada should drop a
coin at this stage. That's the only thing I can save us. If I become the 51st governor of the the governor, first governor of 51st state of the United States of America, I will drop a token and I will flip the market cap of Canada, which was $2.4 trillion right now. Obie, there he is. There's the man. Oh, he did. What's your take on all this shit? I know you're deep in the trenches right now. Like what? We're just talking about Trump, etcetera, and what we think happens now. Like what?
What now? I can't. I'm just. I can't believe I saw the Trump coin. And I was like, Nah, it's fake. It's opposed to some truth. And I just went to bed. It's just one of those moments. It's kind of like when I'm into Bored Apes. I could have just gone to gone to bed, but I just decided to stay up for 10 more minutes. It was one of those moments where I was like just for for like 20 seconds differential like because none of my chats were talking about it then. So that's how early it was.
I could have, you know, obviously, and I had like some money and stables with me as well. So I'd like have the liquidities to go big in it. But whatever it is what it is. I think now my take on it now is that I think it seems like Melania is run by a different team. I read some threads saying like they have completely different agencies that they work with and the Trump, the Melania NFTS were launched by someone else other than Trump, a different team to the Trump NFTS and all that kind
of stuff. So I think it should be viewed as separate. And I think the Melania Trump differential, the spread is like too narrow right now, like a thing. Why? Why is this your take of the whole fucking weekend? Melania. Versus Trump differential trade is. I just look, I think. Sex is to say. I think at the end of the day, right, who cares about Melania like Trump is going to be. I'm serious, Trump is. He was not even in any of the election campaign at. All.
Trump is going to be like. Hey. Would you fade this? Yes. Melania is going to 0, right? No doubt, I actually agree with that thing. Hey, take to where Melania is. Man always got a point dude. So I think I think you have to, you know, when it was at about 25, I was like, should I buy it?
And I thought no, like it's you know, it's gone too high, you know, fully mid curbing it. I think you just have to like forget about the market cap, forget about the number and just realise that this thing is going to be like the number one mindshare thing. Like it's going to dominate everything. Like, you know, I was super bullish on AI and I still am. I think profits from this will rotate back into AI, but this came completely left field and no one saw it really saw it coming.
And you just can't really ignore it. We're only like two or three days into this now, right? And today's the inauguration. And then God knows what the fuck shit he's going to be saying on like, I think people forget how crazy he was when he was tweeting like back in 2016 to 2020. Like I was at Barclays and I'd be sitting at my desk with like Twitter watching Trump tweets because it would move like the markets that I was trading, which was like a liquid high yield credit, right?
So now think about there being a meme coin. And he's just going to be, you know, saying random shit all day. Like it's hard to see any other token that's going to have any, any other thing asset that's going to have as much more interest in this. And this is not just like crypto. This is going to be across like everything, everything and everyone is going to be talking about it.
So I'm kind of for me, I'm looking at the circulating market cap number a bit more rather than the fully divested fully diluted number. So what is it now like around ten billion, 11 billion like? Yeah. So before things best and before they announce if there's going to be an air drop to NFTS or anything like that, I think we're going to have a period of like just trading the
circulating number. And that's the number that I think could potentially like I don't know, it could 3 to 5X here like it's not, it's obviously not as. Flip Solana. Look, yeah, I think it could, I think, but that's that's remember that that's FTV, that's not, I'm talking about the circulating number here. FTV could, but it's 85% locked, right? Like you just you can't really. It's not an FTV coin right now. It will be at one point, but it's not right now.
I think so. So quickly, because man, I know you got to go in 5 minutes and I I want to hear Tyler and of his thoughts on that because you guys have been deep in the AI trade. What does that mean for for for this narrative now, Mendo, because I see TGI see Frank, you 3 every M effort as big in the AI trade now all in this Trump stuff. You know what what's what's what's next for those AI bags? No Mando, you know we're talking about this pre show. It means I sold all my utility
AI coins at full ported radium. Yeah, I went big into into radium this morning. I've seen some candles. Mando candles on radium this morning went insane. I looked at them. What happened in real time? I just, I, I find it really difficult to hold stuff. And let me just pitch you radium for a minute. OK? Because it's important to know why I'm saying this. Yeah. Radium is a Defy coin. OK, Everyone hates Defy coins.
The mid curve, whatever the reason why they were often make of to a certain extent was because they were always these like weird governance coins that no one had any value over. We saw with hyper liquid recently is that these sort of buyback coins where it's like you're going to make the money the protocol they can they can actually have an OK narrative
right. You own the casino radium has done that so 12% of all the fees they make go back to the go back to directly buy backing radium and you can see their wallet like you can bring up that wallet. I think I. Tweeted that you said that to me. I'm looking for right now, yeah. You can open up any day and they are just swapping right now. Trump foray all day. All day now. This trades at $2 billion FTV for comparison. Sorry, three and a half million dollars FTV. 2 billion current
market cap. For comparison. Jupiter trades at 11. Hyper Liquid trades at 2223. Radium is making the most fees in crypto by a mile right? It's actually nearly making as much as Tether some days. Now why do we're always like Oh well we always trade on Jupiter? You may not know this but like Jupiter is not a dex, it is an aggregator. So when you go onto Jupiter, Jupiter charges 0 fees. So This is why Jupiter never comes up on any of the fees stuff.
It charges for perps. Which is why I own JLJLP Right? Because the fees from Jupiter perps go into JLP, but for spot trading, they charge you no fees. They only charged them for I think DCA trades and I think maybe some limit orders. But the vast majority of fees on Jupiter, they go to radium 50% or I think it's nearly 60% of all the trades that that you think you're doing on Jupiter goes to radium. And that's where the fees go. Remember, radium is, is directly plugged into pump fun.
So any coin that's released on pump fun goes directly into radium. So it has this like ingrained place in Solana. Defy has the highest TBL, highest highest volume as well. And it trades at 2 billion and it's buying back million per day at the moment. So if you think we're going to go through this period of, yeah, another Trump person's going to release a coin, maybe like Elon releases a coin. It it put, it made $35 million in fees yesterday. Tether made $17,1,000,000.
So it made 2X Tether, it made 10 times what hyper liquid made yesterday and it's done that two days in a row. So if you think we're going to go through a period here of, of, of that going higher, I don't know. I think that thing can, can, can go up a lot. So that's why I did it. I was like, I don't want to risk Baron releasing a coin and everything's nuking 50%. I want to own a bit of the casino and to me raise the raise a bit of the casino. Strong thesis. Strong thesis. I like it.
So you're concerned about the AI side of things? I'm not concerned about AI, I'm concerned about Baron Trump releasing a coin. I like my a coins but if people are going to nuke arc 40% because Melania dropped a coin like what the fuck am I meant to do? Like and this is. A very fair take. I I would be very worried as well on that. I mean far coin, everything went down on the trump.
It was like far coin down to like $1.00 when Trump dropped and then when the second, you know, coin hit, you know, that also went down kind of it. So it it kind of it kind of nukes. Absolutely. I don't know. Do you know Obi? It's tough it you know, it's tough to be bearish on on Melania after all these. No, she she looks like a you look at her pictures like damn bro. No, I'm not bearish for her. I'm also not bearish in the AI
stuff. I think I feel like the move might be and you know, obviously it was better better to do this two days ago than it is to do it now. But I feel like the move might be to rotate some AI stuff, the Solana AI stuff. I would say to Trump ride that Trump move higher and then by, you know, AI stuff that's beaten down, you know, majorly off the highs because I do think some, you know, I think it will this will create a lot of liquidity in capital. And I don't think the AI
narrative is by any means over. I still think it's going to be a major point of this cycle. But you know, this Trump thing is going to just dominate everything for a while. I think so. Yeah, no, definitely. It's it's pretty well. Tyler, what's your take on this, on this trade? Because I know you guys have been deep in this. Yeah, I generally agree. I think the markets hate uncertainty. I think there's two big pieces of uncertainty right now.
One is, are there going to be more Trump family coins like this week, just as the potential that there might be has people in stables and, and waiting 2 is, are we going to have a strategic reserve today? And what does that mean for this AI? Like, is everyone going to sell their their AI bags to rotate to Bitcoin and any other potential majors that are included in that? But those are two major pieces of uncertainty that will be resolved in the next few days most likely one way or another.
So my take is the AI trade is on pause right now. And I think we're probably going to see people clip out in the near future. These teams aren't going away by any means. Attention is going away 100%. Like, what's the timeline? It's Trump, Melania, crime season. That's all anyone's talking about, right? Like no one's talking about, oh, this new hot AI dev has a hundred stars on GitHub. Let's all roll into his coin here today. Minus wrecked. That's just, you know, drops
dropping some art. I'm just putting it out there, you know, the eyes dropping art. Trump, Trump. Wrecked barbell portfolio. That's basically what I have right now. I love that Obi's all in Trump and wreck Yeah, but it's all good. We could talk about this after I actually really like this this stuff that you just dropped that his AI now launches his own art, which is super cool. But we have stats on the show Pop 9 O 59. Did you catch a straight what's
up with you? We ever you know, we had to get another American on the stage right now. I mean, what's what's up with that? What's up, man? Wait, wait. So what's the question here? Did. You did you. What's your take on all this Trump stuff? Did you get into this trade? Did you get into Melania trade? Like what's? How has your weekend been with that? So I had a hockey game that on Friday night came back and it was like at 9 billion, ten billion.
Everyone was talking about it it already 2X or whatever. And yeah, I bought some, I bought some. I mean, I never buy enough to like make a difference for me, but I buy enough that I'm like, all right, you know, this, this clearly is the meta right now. And I think it was in this perfect blend, this perfect situation of like, obviously this is ridiculous. But who knows, maybe this will
be important to the presidency. And maybe there's something a little bit more than just kind of trying to monetize his crypto fans, you know, and then see, I say it kind of just had all the pieces you need to to moon like crazy. And it went from 9 billion to 72 billion FTV in the course of 36 hours. And then when he dropped Melania, I was just shocked. I was like, this, this is just the most boomer dumb move that I've ever seen.
This is what my dad would do. This is what the other 70 year olds in my life would do. It's just the dumbest thing I've ever seen. And it kind of made a mockery of the whole situation. You know, it's just like it it, it made it clear that the whole point here was to monetize us before we started. And, you know, so at that point I was like, I was like, all right, you know, I think I saw a
little bit of what I had. I want, you know, Tyler, I was in the chat with Tyler. He's like, gotta buy Melania here. You know, he's always thinking about the next move. I'm thinking about like my analysis. So that's like the difference between me and. Tyler, you got to put the analysis aside, guys. You guys are like too statistical with your tweets. It's not even. Statistical. It's not even statistical. It's just almost like, it's just like thinking big picture.
But at the same time, you have, you know, the single most powerful person who on the entire planet and probably the most powerful person on this planet has seen for many decades, you know, just launched me. And Coin wants the number to go up, You know, is very willing to break norms in the process. It's it's pretty hard, you know, it's pretty hard to get too aggressive in betting against any of this stuff. Yeah, it's pretty.
It's. And you probably want to bet with it. And then I saw it on Robin Hood this morning. I like Robin Hood. So I, it's just the easiest place for me to buy crypto because do it on my phone. I, I got the money there. You know, it's, it's easy. It reports taxes from me so I don't have to worry about. Easy. Fucking that up. You're quick with that Robin Hood, guys. Robin Hood's not quick like that usually. Same for Coinbase that I. Think this was just a no brainer here.
It's like. They're a little slower usually. That's when you know, it's like really legit, legit like because me, for me, I took that train on Saturday night. Like I went crazy big on on Trump on Saturday night and I went to sleep just because of that. Like I saw the Coinbase news and I was like, wait, it's like one in the morning. Binance and quotas just announced. Thankfully I was awake and I'm like, what's going to happen on Sunday morning?
Well, I think with with these exchanges, it's like your word, A, is this popular and going to do fees? B, is it going to get us in trouble? OK. The president's token. No, it's not going to get you in trouble to list it. The number one person in the country. It's it's his name too. It's doing more fees than pretty much anything in history. So obviously you're just going to front, you're going to rush that. Like that's not too surprising. Yeah.
I mean, I had some people saying after Robin Hood that that that was the final catalyst, but obviously it feels a little silly when he's about to be present for four years and it's named after him. So. But Tyler, I'm curious your thoughts on AI tokens because I think the thing about AI tokens is that, but the the bull narrative was always a joke. Like these were just meme coins. It's like, yes, it's the utility's a joke. These are clearly attention driven meme coins and the bots
are good at getting attention. And the whole cabal was out, not the cabal, but everyone was out there talking about like how great they are. Like that's just like the crypto pump and it but once that goes away and there's no there there, it's very, very hard to recover. You know, and right now it's clear that D Gen. attention is a limited resource. D Gen. money is a limited resource. Like yes, more money comes in, but those guys aren't going to
be out there buying AI16Z. Like the people buying the Trump coin aren't something Oh shit, I love Trump. But now what I really like is AI16Z like that's not happening. So all that like all the attention that we had has gone to this new thing of like politics tokens. So what brings the attention back? Like I find like attention and pumps are like are kind of dream
driven. And when that dream goes away, if there's not like, like what what Amanda was saying about radium, like real fees and real buybacks that like pump something which like, what is it that creates the second mountain? No, I think you're spot on. Like right before you joined, I basically gave my take that I think the meta is on pause. Well, let's see.
I mean, I've called, I've said like this is a bubble and I thought the bubble was going to get bigger, but this is a potential black, Black Swan. It was lower last Monday though, right guys? Like it went to 1010 Bill. It went to 10. I think it's coming back. You know, it just, it just made too much of an impact to disappear. And I think there were very few things that could have stopped this movement. And one of those few things is Donald Trump launching a fucking coin. But.
Melania like that? Doesn't I do think I do think this is going to create a lot of liquidity across crypto and I do think a lot of people who are big in AI sold by this and a lot of them will rotate some profits back into AII do think that's going to happen. So it's just a case of like timing that move because I think the same people who are pushing AI will continue to push AI once this, you know, once they've
made money on this Trump thing. But right now it just feels like the move is people want to full port Trump, make that money and then put it into other stuff. And I do think we'll, I think AI will have another resurgence. And it's just a case of, you know, like you, you know, Trump, the Trump trade from here is maybe you're looking at like 234X, maybe 10X if you think
you're like absolutely insane. Whereas this AI staff, there's probably a lot of 50 to 100 XS out there that you can gamble on smaller size. So I do think capital comes back here because it's a different risk return profile than than than Trump is right now. Because for Trump, I think you have to play it on larger size to, to, to make good money. Where was I don't think you'll have to, but you can get a lot of people coming in. So I do think it will come back.
I don't think it's going to disappear. I think these agents will get better in terms of doing cool shit. You know, I think we launched something today that was quite cool and. I do think it's going to come back. It's just a case of do you want to gamble by like selling it now, going to Trump and hoping to buy it back lower or if everyone's going to do that. We just miss that, miss that low, I think, but that that a, a agent market cap is going to
north of 100 billion, 100%. There's no doubt in my mind. It's just a question of when, I think. Bolds 100 billion you said? Did you guys hear that, that that's what I, I mean, more, more than in the $4050 range, like NFTS went. So I like that prediction. I think it's going to, I totally go with all these takes, by the way. I he's in my opinion, he's so right. Like if you like what, what changed in the conviction level, right? Like for me, like obviously, like my only coin is in there is
like far coin, whatever. So you can call it AI. You can not call it AI, but like, it's like, OK, it went down and I'm like, well, my Commission didn't change. If I thought it was going to $5 yesterday, I still think it's going to $5 today. Like I don't care. So surely your conviction on some of these shouldn't change if AI like ARC, AISBT, what else is there? AI16Z Yeah. So I think stats makes a good point though, like let's be realistic about it.
Like the the numbers are like artificially high, right? Like there, there's no, there's nothing backing up AI16Z trading at a $2 billion valuation, right? So like that you can have conviction in a team and be bullish on them, but that's also different from where it's been treated. So like I think, and that's part of the bear case he's laying out, right? That basically once the bubble burst, it's hard to get to blow the bubble back up. What?
Makes you so bullish because this isn't like I haven't seen anything in this space that is that is that is value creating other than ability to generate attention ability to generate attention from that's. Literally it. So that's. I think, what about these things that are specifically good at that game? Well, I, I, I think that's exactly it. Like for me, it's not really about the tech.
Like I don't think like I wrote a long post about it earlier in the year and some of this tech is cool it, but you know, these are guys who are obviously way behind open AI and all these guys have been pouring billions of dollars into AI for the last decade, right? It doesn't even scratch the surface there. However, compared to the AI move last year when it was not really that tangible, These agents are tangible. You can like see them, people
have seen what AIHBT is doing. And to your point, it is they're great at getting attention. And I just think from a top down view, crypto is all about the intention game. And right now it's with Trump. So I think you will see like cooler stuff get launched where you start maybe having some like actual agents that are like trading and have full autonomy of their wallets and stuff like that. Like it's it's pretty cool and I think it will get gone a lot of
attention. I think it will become the next like casino. Like I think the casino in 20/20/17 it was IC OS 2020 it was D 5/20/21 it was NFT 2024 it was meme coins. And it felt like for 2025 it was about to be AI agents under the guise of this tech is really good. But really it's just like gambling attention, hyper gambling attention. And then we just had, you know, a Black Swan with Trump.
But I do think it will go back to that just because the mind share, you can't really ignore the mindshare numbers prior to this which was insane. It was like 7075% mindshare and just AI. It's interesting hearing like hearing this Trump thing be called a Black Swan because he's going to be present for the next 4 years. Like he's going to be present is he's going to be talking about crypto a lot. Like he's very spontaneous. You never know what's going to happen.
He's going to be surprising us constantly. Like this ain't like a one and done type of what the fuck moment. It is, but I think, you know, by that argument it's also saying like, OK, it's just going to be Trump and Trump coin and the rest of crypto is dead, I think. No, it's not just Trump and Trump coins, but he's going to be directing our attention in very random places. Yeah, I think they're like, I, I, I, I'm curious how much he's actually going to direct towards Trump Coin.
I mean, he launched Ordinals 2 weeks ago and he's not talking about those like, you know, who know, who knows where the attention's going to be going. I just think we're going to be getting whiplashed a lot, you know? And to me, I saw this weekend, like, everyone's just like, what can I do to please you? Like, how can I make money off your power? And he's going to be playing games with that sentiment, I think, all over the place.
By the way, just one one thing to note on that 100 billion number, don't forget it doesn't have to come from existing coins increasing in market cap. It can also come by new coins entering. Yeah, Batsu. Batsu Yum's taking the opposite side here. I I knew, I knew I knew Batsu be here. I knew it. We. Should get batsu. You should get Batsu. Bearish though, like I love batsu but like honestly anyone who's bearish into today I'm not taking into account their their takes. Muted and blocked.
Muted and blocked. But like all of a sudden, mother fuckers, I was like bearish today, three days ago, people like just give me executive orders on Bitcoin on the 20th and yesterday night people like what all of a sudden these executive orders have been deleted. Like what they they put into the to the to the machine like you're done. You know what I mean? Like, I don't know, I just found that funny in that sense, even though I the volatility on this market is absolutely insane.
Question for you guys. And I have a another thing to ask you all is do you guys think because this is the market we opened this morning, is Donald Trump going to mention that Trump opened during the inauguration? 20% of myriad users are saying yes. That's the right, that's the right percent. I I think I wouldn't. I mean, I think it's like a fun, like cheeky bet. I'm not putting like real capital at that. It's because you can. You can. So you're good.
But I mean, if if he does like the it's kind of 2X right Is? That right, you know, so that could be interesting. Also a point in one of our listeners right now, David Sacks is the AI crypto Caesar. The meta is 100% coming back. I mean, hey Trump AIOV that could say it's 100 bill. So is are people here like what was the conclusion are like, should people be buying Trump right now? Or, you know, I mean. Like what was the incision? Here. I think it's going to, I think
it's going to go higher. I mean, it's crazy. I think you have to just switch off all prices, market cap, how much has moved, all that stuff and just sort of like close your eyes and buy like trying to like. Yeah, we got red beard. We got red beard in the comments. I love red beard. This is not bullish, not me in this room. You guys are not bullish in? That one second Benny, one second kook. Kook is actively saying that Baron Coin and Eric Trump Coin are coming today.
So, Benny. Benny, are you talking about the Trump token in in particular? Oh, he's somewhat the cups in general. No, I mean not you're not bullish enough. I don't like because people got to know what to buy. So if Benny's going to be in there talking so much shit, we got to hear what? He's coming, trust me, he's on his way. Believe that he's got the stream yard link. This is so crazy guys. I mean, I don't even know what to make of this. Here's the thing though about
the training. Here's if, if it he and not he mentions it and it 2X's like that's basically an option because if he doesn't say anything, it's not like it's going to tank. I don't think right Like I, I, I don't think the market's sitting here saying like, oh, he didn't say anything. Not Trump token tanks. I agree it does, but. I don't think he mentions it by the way, I I'm going to take the yes on myriad just because it's got a good RR, but like he. Didn't even mention.
He didn't even mention crypto in the entire RNC. He didn't mention crypto basically in any of his speeches. Talking about Bitcoin yesterday. And in his press conference, he didn't mention crypto. Once he talked about Bitcoin yesterday. Yeah, well, now Bitcoin's getting a bit more. Holy fuck boy, Benny. Benny, Where's Benny Gone. I'm here, Benny. Do you see me? Talk to me. Yeah. Talk to him, OK? You are all not bullish enough. The sitting president of the United States of America.
OK, let me explain this to you. He's the most powerful human being in the world, OK? He launched a meme coin, a shit coin, a coin that has no intrinsic value. And it's at 50. What is that, $12 billion or something? And you're all sitting there like, well, you know, maybe let's see where the the shorts take a little charts. There's nothing 100 trillion dollars, put your fucking nuts on the table.
If you believe in anything, if you believed in crypto, this see, this wasn't doesn't make any sense. Literally everything we wanted to happen for so many years, OK, it's finally happening and everybody's questioning it. This is the time you put everything in it. Yeah, we might have some dips, but overall we're going. This this is the. So what? What 4 coins are you buying Benny? You're. Questioning it, It doesn't make any sense. Give us 4 coins.
Then you're not listening. Buy everything. No, no, not like one coin. Buy it all. AI is going to go up. Memes are going to go up. Defy is going to go up. ICO is going to go up, and it's honey. One second. This is important and the PS are going to go up. OK, This is it. This is, this is I'm trying to save people. I'm trying to save. Look at all these people. I'm trying to see they're selling. They're not buying. What are you doing? What are you people doing?
Do you understand for the next six months we're about to have the most massive bull market that you have ever seen? It's going to melt your face into your nuts and you're sitting here questioning. Things I I agree with Betty. What are you questioning? It's a jump to question. This is we should be bull. We should be bull talking the whole time. Stop. Stop worrying your beds are down. Pick yourself up. Realize that you're going to
have another chance. Just because you maybe didn't miss you missed one thing doesn't mean you're going to miss all of it. This idea that you're like, Oh no, that's it. I'm out. You're out. You're out at the most important moment in the history of crypto. I mean, he's going he. Every single person on this stage, Can you imagine every person on this stage? Every person on this stage is a little important. Everyone's fully ported. No, we're just talking with different tokens.
A lot of. But you're not telling people you're not. You're not excited enough. I need. I need. I need to hear the heart. OK? You need to feel it. I don't feel it. You should be longing. That's it. I sold my house. Yeah. Where do you live, by the way? Are you? Are your daughters in the streets? You good? No, no. Well, car, you want to say hi? Yeah. Hi. Hello. We live in the snow now. We live in the snow. It's totally fine because one day I'll buy them a house with
all the money I made. OK, That's that's what's going on. I love that. I love that. My point is this. You make money, you buy digital art, and you take profits. We are going to take profits on everybody else who's coming in. OK? When they announced Trump coin on Coinbase, you think your favorite racist uncle's not going to be like, yo, I got to buy that coin, dude, you dump on him. This is the game. Crime is legal. We've all been waiting for this moment. I got to go play with my kids.
Have a good one. There you go, ladies and gentlemen. That was our resident bullish homeless red beard on the show. He's been coming on once a week. Buy anything and everything according to business. Buy everything that's focus. Not bullish enough I. Don't know what to say because I, I, I, I I never like it when people come on and say buy NFTS because most NFTS go down, some go up. Like these are cop out
statements. You got to tell us what's over every buy and then we'll hold you to it like. Everything you know bullsh though. But. For oak what? In these bull markets, more shit that goes to 0 is created than any other market. This is like like you have to pick. You should even in these markets, you have to pick the right stuff, you know. I think my winners, I have my barbell. That was what? I was trying to get Benji to say OK. Benny buys no, but Benny Jenny buys everything. Is yours?
Should we buy chromey squiggles that have gone from 15 to four in the biggest bull market? Ever. Is that what he's saying? And he actually buys everything, Like everything? I think he probably has. The most, but like I just wanted him to give us 4 tickers, 4 tickers. That was all I wanted because that we can hold you to that. We can hold you to Can you still out? There, he doesn't. Like the long term bull case. So like maybe this pulls us back
to like a larger discussion. If you think Bitcoin's going to if you think Bitcoin's going to go to 150 K in the next quarter because of a strategic reserve, you think the Trump coin's going to create a lot of wealth on chain eventually that will rotate like through the hyper near term. Like we were talking about nuance. Like should you hold your AI queen today or not?
That is a much different conversation than the whole space is going to go up. And I don't know if chill guy is ever going to make a new all time high. I would actually bet against it, ever make an all time high. So I don't think that bag is going to go up, but I think the AI sector is going to stick around. Then it probably does go higher over time, right? I agree with that, Tyler. So let's put up, just pull this up. That's all I need.
That's the only chart that really matters right now, right? It's crypto total market cap. We're at 3 1/2 trillion dollars this morning, right? That's where we are now. Where do you guys think it goes? My take going into the cycle was that we we're going to $10 trillion. Damn, that's a big, big move from here, right? Like from to go from three to 10. Yeah, but on like the entire crypto market cap, like that's crazy, crazy prices and a lot of stuff. 2.8 X here.
I mean, I have to say in the last 72 hours I've gone from wanting to sell everything that I own to full porting the most random ship back and forth multiple times. So taking a step back, it kind of tells me we may be closer to the top than I think people think we are. But maybe that's in terms of like timing and not in terms of price action. You know, like the most violent price action which causes the blow off top tends to happen in
the last 10 to 20% of the rally. And there's an argument to say maybe we're getting there with what we're about to see. So I think there's a really good chance we're about to go a lot, lot higher. But I think your game plan should be to and my game plan should be to try and sell into that rather than like buying that momentum or at least take some profits. You know, like I've taken a lot of profits, some this year, a lot last year. And I'm kind of just like gambling with house money now.
But there are a lot of people out there who haven't taken profits and who are up big and a lot of those people will end up round tripping like that. That is didn't raise your hand there for it. But a lot of a lot of people, a lot of people will. And that's just how it is because people find it hard to sell into blood as well. So I think I think you may not just like have some profits in the bag if you're up big right now. And I think you're meant to have some decent skin in the game for
what's the next move higher. And I think you're going to sell decent chunk into that and then whatever, like we'll see what happens after that. But yeah, that's kind of that's how I'm thinking about it. That's my game plan. I'm liking this cup and handle here. Tyler on the total 3 including VTC. It's all. I mean, if we pull back everything we've been like we are Larping if, if we're, if we flip bearisher on everything that we've said.
I am not flipping shit. Like everything that we've said, like we are on now the cusp of playing out at a macro level for crypto, for for Bitcoin and the crypto majors, I think. Let's figure it. Out rating Alton memes we have the. Comments are asking about this coupe tweet. Should we talk about that too? Can we come back to it in a little bit just because we've already went down to the Trump train, like for a little bit, like the strategic reserve potentially happening?
Yeah. If that doesn't happen, perhaps the rally is a little bit calmer. If it does happen, I think we we grind up to 15250 is the cycle peak. So that puts Bitcoin at 5 trillion. No, 6 trillion. That's how you get to 10 is Bitcoin at 2:50. And then you have eats soul and some new memes probably filling in 100 billion or so. A few 100 billion, you have BlackRock and the infinite financial advisor TWAP
continuing to come out. You have a pro crypto American environment where more funds are just broadly invested in the sector. I think that bull case is still like like it's brighter than ever. So like saying that that's all like 180 changed because the Trump's launched a couple meme coins. I I can't, I can't discount the entire bull case because of that. Yeah, you know what I mean.
You and you see me talk in the chat, we talk everyday, but I, I, I, there's not, I cannot, I'm not capable of being bearish. I know what always says like being having gone through this weekend, like the cycle of like all in to all out to all back in. It's like, you know, like there's you're like, Oh my God, like what's going on? But I am, I'm incapable of feeling bearishness. I think what we're seeing right now is the market's too
volatile. The majors, like a lot of people like say, oh, Milan dropped a coin. It's top. It wasn't millennia like Bitcoin went sub 100K for a second yesterday from one O 8. Like that was a big move down. So obviously naturally, like all our coins nuke dude, like you know, all the meme coins And then Solana now just shot back up to 275 this morning, now sitting at 2:55, you know, kind of ranging between 2:52 sixty.
So naturally your memes are going to be up and down the most like I've seen my far coin swings this morning are fucking crazy like it's just it's just the name of the game, right? I I truly strongly, strongly, strongly believe that this AI trade, for example, I'll just cycling back to AI is going to be back in a week. We just need to chill. Meaning not us, meaning not the participants in crypto in
general. We just had Trump launch or family right launch 2 meme coins where there's two different teams. I don't care because it is two different teams. I'm 99% sure right. So it's like, and now today's inauguration, let's wait for that. Let's see that what goes on. We're all speculating, even internal, but what is he going to announce? Is he going to be free? We don't even know if it's going to free Ross for real today or
not. We don't even know if there's going to be a Bitcoin strategic reserve. Is that strategic reserve going to have XRP Ethan Soul? Maybe, maybe not, maybe just ETH, maybe this, maybe that right? Is he instead of doing that, is he going to announce that there's they're not selling the keep that man? He could also do an EO that they're not selling the Bitcoin that they have remaining. I believe that's what's going to happen.
My calls for today's like strategic reserve is going to be later is that he keeps the Bitcoin and do they freeze Ross? That's enough for me to remain bullish. I mean, Ross, even this sounds like a little thing. It's enough for me to remain bullish because that was a promise he made and he's holding the promise. So that means, oh surely he pulled the rest of the promises. So we'll see. But I think it's like too soon
to call anything quits or down. I generally think you guys are going to be back 2X in the next like 2 weeks. Seriously. Like. I think there's two pieces to what Tyler's talking about. The first is like is that crypto has outperformed other risk assets. Everything. Crisco's outperformed everything and that is like Trump alpha. That is basically saying like, yes, like Trump is clearly going to be, is going to want asset prices to go up.
Like that's just his thing. He was obsessed with stock market performance last term. He's already, you know, so, so he's going to want risk assets, but he's somewhat limited by
inflation. He's somewhat limited by the 10 year bond as far as like as far as what the market thinks the tenure is going to do. Like these are all things he's going to that are going to have an impact on stocks because even if he gets super loose and takes interest rates to zero, yeah, tenure could go up 'cause people are like, holy shit, this can be super inflationary. Like this is going to lead to an inflationary bust that like making markets go up is a bit of
a tightrope. That said, there's a huge alpha piece, which is that we have a pro crypto president who said he has a price target for Bitcoin. He has this entire community by a string. They do what he wants. Like he could create a global round of people wanting to buy Bitcoin because they feel like the US is like, these are all like just very crypto specific, like alpha oriented things. And I think there was a minute yesterday, maybe an hour, two
hours. When that Melania token was was launched where people like this is not a serious person, like this is not someone who is legit. This is not someone who is serious. This is someone who's literally just taking us for a ride. And the world is going to start to see that.
And I think that was the sentiment for two hours and then we completely forgot about it. But I think there was this and, and, and because that sentiment is destructive to that alpha piece that has led to crypto outperforming everything so aggressively. Then three hours later, I was like, wait, what the fuck are we talking about?
Like the most powerful man in the country in the world wants crypto to go up. Like, who cares if this feels a bit like a grift, like get on board, you know, and I but I think there was, I think that was what happened yesterday. There was just this two to three hours where like we, we were all in on this token being something real. And when he launched the Melania one, there was just like, wait, none of this is real. This is all just trying to monetize his audience. That's kind of bullshit.
And that's not what we're excited about. That's not kind of what we signed up for at the Bitcoin conference. When he came and said he was going to make this ass. It wasn't like that. He's going to launch two tokens over the course of two days that
make billions of dollars. That wasn't what we signed up for and like there was just a hint of like fuck this isn't what we wanted and then literally 3 hours later I even forgot about it. But that that was kind of like my read and how like the weekend went. Yeah. I mean, I like this take that you just sent Tyler. That's a ceremony starting. I'm curious. And then obviously, we're going to end soon. But Jake Chervinski saying today marks the beginning of a dramatic shift in US crypto
policy. The goal is for good regulation that lets 1000 flowers bloom. The approach of the last four years was to kill the entire Meadow. The risk now is that 1000 scams boom, the weeds choke out the flowers. Tyler, you just said that. What do you think of this? Yeah, I think he's he's spot on, right. So like the the bull case is that good regulation, a crypto friendly American crypto policy
brings in a crypto boom. And we have we have an influx of builders, we have an influx of capital into the sector. The risk is that everyone does the Mark Cuban take and says crypto is full on scam and it just totally lost its legitimacy and it's never going to get it back. And like the yesterday that was like seemingly consensus like or at least half of the time I was saying that take basically that
crypto is fully delegitimized. And my gut reaction to that is if the president launching a meme coin delegitimizes Bitcoin, Ethereum and Solana, then it was too fragile to begin with. Yeah, that's it was out. There no. But Tyler, it's first of all, I think you're right that this, that it's not delegitimizing because the, but it can also say, wait a second, this $30,000 rally we just got was maybe a little bit overdone. Like that doesn't mean we're 0,
doesn't mean it's nothing. It just means like we got this huge rally because we thought that there was some serious something happening and, and this weekend felt very unserious. So maybe like that's very different from saying like this recent rally, maybe it's a little fragile. It's very different from saying the asset class is fragile. And I think those are two
separate statements. And again, I don't think that's true, but I think sometimes we get a little sensationalized in the way we talk about this stuff. Like, no, it's just we've just had a massive rally. Like maybe that was a little overdone again, which I both posted this morning about Bitcoin. I rarely both post like I'm bullish, but I think that sentiment for a little while there, like especially because people had the wind knocked out of them because they were so
long Trump and lost. You know, there were argonomo people who got hit pretty hard financially and that kind of starts to skew you in very strong ways too. Yeah, I mean, let's see, what time is it? Oh, go ahead, Tyler. No. I was gonna say there's no nuance on right. So like I agree with your very nuanced response. Like I, I totally agree with that. If we don't get the the the crypto friendly stuff we were expecting today, I do think Bitcoin probably goes back to
like 9095 I think. What what time is the are people expecting this stuff? When's it because I'm alive? If you're watching us some video, this is a live stream right now. Like this is literally happening right now. Here's the Trump family. Service tea at the White House, Swearing in ceremony. Farewell to Biden, but so like that. I think the inauguration in theory starts noon Eastern I believe. So this is like a prequel? Oh, that's three, OK. So this is like I think this is
the OR where are they? Are they? Is this the Rotunda or is this the? Capital, Washington. Capitol. No, You see that Kim Cook that's sitting next to the Google guy? What's his name? Fucking guy in front of Google. My God. And then the key is after the ceremony, they go basically straight to the the signing room ceremony. Yeah. So basically we we need to know and I haven't found a specific time and when that is, my guess is it's probably in a couple
hours after this. And then we need the live stream of what he's citing. And Bloomberg like basically like released a lot of the alpha for the executive orders, but he didn't share anything crypto wise. So that's the other potential out here is if it like if it leaks in the next couple hours of like potential bills because Bloomberg has it or something again. So there's a lot of a lot of volatility here in ranges of outcomes. Zuckerberg in front row here.
You have Sergey Brin and Tim Cook sitting next to each other. You have Jeff Bezos right there. There's the Zuck. There's a lot of money in that room, man. Holy shit. The new Zuck looks like Dave Portnoy. Dude straight up, I want to know what watch he's sporting right now. This guy's like high T right now dude sort of guy. He's like got a crazy watch collection and everything. Look at this is Jet. OK, so they put Bezos next to Zuck. Love that power move.
They put Bryn next to Tim Cook. It's kind of chat like a lie. Founder of Apple and the fucking CEO of Apple. That's sorry, CEO of Apple and next to founder of Google, it's very fire. Zuck's been talking shit about Tim Cook lately so. Yeah, they're, they're not too far apart. So Tim Cook's like right there. Like he's around there. You can't see what's like on the right of, of what's his name? The Cantor guy.
That's the Cantor guy, right? Oh, Elon's there not too far from, from, from Zuck. See, this room is crazy. Restroom is stacking. Zuck and Elon are like back to being boys. They're starting to, you know, Elon Zuck gave Elon his flowers, rightfully so, by the way, rightfully so. Bring community notes to the platform right now. So that was good on single Henley. Change the social media space as well. There's pants. OK, let's see what's walking in here.
This is like a whole thing, dude, that's crazy. Imagine being there. It could be fun. It's a pretty big event, Yeah. I'm just why? Don't you look at the look man for for Oak the treat the chief crypto interviewer. Out there, you know, I'm not a governor yet. You know, they want, they want to make sure that there's, I think it's Americans only right now, you know, do you have? D Cred Media doesn't even get the look. Come on. God damn it, dude, fuck, damn. It should have been there.
Look at that. Look at because it's interesting when they sit PC people look at Bernard Arno right there. Oh, the president of closer President of Argentina, Bernard and his son right there. There is. Top five richest men on Earth are there. Literally who's the richest man in the world? Elon is there. Yeah. Bernard or no? Top three. Jeff Bezos, top three. So top 3 richest men on Earth are there, Zuckerberg. There's the Clintons walking in.
Hillary's smiling. It's pretty rare, All right, anyways, I'm just trying to look at which meme coins dropping there next. I'm not going to lie. So wow, this is this is going to be an interesting day, everyone. It's going to be a historical day. Let's see what the markets bring. Right now the markets are kind of selling off a little bit on the major side. So our memes are going to be
tied to our majors guys here. Just there's no other way, you know, that's really it it. Went down to one O 3. Damn. Yeah, come on, One O 48. I see here one O 5. Man, it's all. One O 5. News What? What's your news source? Finance. It just, it was just that one O 3. But yeah, it's back up. I think the biggest order book there isn't game. UN. It did it did wait to one O 3. It looks like I'm violent, so I mean. This is like my stomach isn't
nuts. I mean, this is they're going to be, they're going to be, there's going to be a lot of crime in the order books today that they're going to be let. They're going to be wiping out perps all day long across every order book. Yeah, this is just sit, sit tight. Your stomach's in knots. Like what are the four tickers that you're watching here? This. Is why his stomach is in knots in mine. Actually, I'm actually I feel comfortable in my far coin position.
I don't. I don't really touch it because I do think the ceiling is still much higher. And if I didn't? Sell it. Last time I bought Bitcoin I bought Seoul my my largest Bitcoin purchase in years and 20X long each 20. X long each is crazy. 20X will do it to you 20. That's not it. That's not what's given me in my stomach and knots. My stomach and knots is the uncertainty around like, hey, are we going to get two more Trump coins today? Obama walked in, checked where's
he wanted that solo? There's nothing about how Trump can't launch can't. You're not allowed to monetize your presidency. So I know it's not his Trump coins, but like. So he did it a day before, before the Yeah, we all read that thread. I'm. Super Baron can launch one. That's the thing. Does he even have a Twitter though? Like is he on Twitter? He's not right. So what what social media channels does does that come come out from if he launches 1?
I don't I don't believe that. I don't think there are two coins coming today. I think that's it my opinion, but I'm just guessing that that's what that would that. Would be my guess. He goes right next to. Obama. Bush Oh, but you because they see people like you know, it's it's all Obama didn't even get a plus one that's crazy he. Did No, Michelle just said she's not coming. Yeah. That's kind of, yeah. She didn't go to the funeral for Jimmy Cardigan. I'm assuming that's that's the
Supreme Court or I don't know. You guys are my Americans in here. Yeah. What's the music playing up? Not bad. Interesting. I like that. Yeah. Imagine being in that room. So on the left side you have all the tech folks, right it seems right side and the DOG. All those folks on the right side is ex presidents. You have 3 ex presidents in in attendance here, Clinton, Obama and Bush. This is any crypto folks at that. Is it just I think Keith and Ivan are there.
Is that it Moon pay folks? What do we have some of the crypto ball folks out there? Did Garlin House get the he gets? She's rich Nick out there. Yo, what about that crypto ball that looks pretty fun? I'm not going to. Lie. I didn't I I skipped over that that the Trump coin launched during the the crypto ball. How funny is that? And they were all sidelined. They're all sidelined and also like there was 0 mention of it. So like that was a part of the
flood too. It's like, oh, why wouldn't they talk about the crypto ball? Well, of course you're not going to talk about like the name coin at the crypto ball, but anyone there totally missed the the trade. Who's this? I kind of like the fit. Who is this? I like the fit do. You guys think, who here thinks we're going to get a reserve Part 2 part question? Are we going to get a strategic reserve announcement today or are we going to get one this
year? I think this year I think no. Today I think within 100 days, yes, I'll take the Poly market, yes. What do you say? Yeah, I agree. With market lines at 100 days. Yeah, how can you, you can't like do it that you may announce like an EO for it or like intentions, but you can't just like well, I'm. Telling him if he signs an if there's a if. There's a yeah that could. Happen Kamala's husband walking in. So here, here's some of these Poly market lines that people
aren't rooting. Let's let's run through. That Let's run through that. Let's go through the lines. To resolve yes, it's if the government holds any amount of Bitcoin in its reserves at any point between January 1st and December 31st 2025 S the. Size of Baron bro. They can, they can sign the order, but if they have not executed any purchases, then it's still no. So that is important nuance, right? Because I think our I, I think Bitcoin price pumps on the news.
It doesn't matter on the execution for the near term. So if it's signed in the 100 days, but they haven't bought any Bitcoin yet, which I mean, I don't it's probably going to take some time to spin up the operation to do that, right? Like I don't know that I would bet that they actually have bought Bitcoin next 100 days, but I would bet that they have signed the order the next. 1 that's so funny YouTube just rubbed our stream but we're live on X so just move guys we're on
X spaces X spaces X live stream. We're still live so just fuck YouTube. They may have rubbed us because of the stream, but X wouldn't would never do that to us. Look at. The Baron coins going to do very. Well, this is the face of a kid that just made like a billion dollars. Oh God, look at that. We're live on X everyone. We're live. We've all posted. Ovi posted. I posted my little post.
Everyone posted the stream Tyler meet like we're all you guys can catch us live on. We're still streaming live video, right Sims? Correct me if I'm wrong, but I believe we're still streaming live video Yeah, just YouTube pulling it for some reason. YouTube rock. Fuck YouTube. All my homies hate YouTube. That's crazy. They rocked us, dude. I like Baron is just smirking. He's just literally standing there smirking. Is is hilarious. He's. A big boy, huh?
He's way bigger than everyone, even Elon. Elon, man. Like, oh, look at RF yo, they love RFK out there. Hon. Did you guys watch the victory thing yesterday when he announced RFK? People were cheering. Oh. I didn't see. That that there was a victory thingy then he brought to the village people on stage. That was 69. 69. 696965. 650 I. Didn't realize that's all OK. Trump's yeah, I have to say I looked really little lips to Trump. I'm not going to lie. I was like, look a little Midget
next to him. I think the team made me look really good on the photos. What's going on here? I'm liking the stream here. I I I don't have let me see. Let me calendar real quick. I'm still good. OK? Perfect. Perfect. I'm still good for 40 minutes. YouTube. Hated the stream, bro. The YouTube. Yeah, the Don Junior. Eric's there. Eric's pretty tall too. I'm not gonna lie. OK, I'm gonna see. Coins selling off a little bit, 4850I. Mean the whole market right far. Coins at 172.
Fuck, I think the coupe. I think the coupe tweet price book some folks in the selling. I mean, it is true they acquired all these people are telling the gentlemen, oh, hold on, Doctor Biden and Mr. Emaha, the. Republican staff director. Of the joint. Oh no, yeah, That was Trump. It's true that they acquired these ENS's. What it means, I don't know, but it's true. Like these ENS's were acquired Gary? Myrick, I will be shaken if they launched 2 new coins today.
I'll just be honest, it's very. Hard for me. Tyler. Tyler, what do you think happens? Because yeah. I think you have to sell the trump token in it for the near term because everyone else is going to sell it. Even I I still think the Trump token is the alpha dog and even if there's like 20 Trump payment tokens in in a month or two I could see a scenario where they rotate back to the the alpha dog. But like everyone is is on CT is
going to lose their minds. And the problem is there is a key difference between how retail and CT feels. I think retail doesn't get doesn't give a shit that Melania has a token. They want the Trump token. Problem is it's the LA Vape cabal who's up $10 million on the Trump token. It's the CT natives who control the money, right? Now the Melania token is not selling off, dude, What's going on?
Well, it's. Like it doesn't even matter what you think retail is going to do. It matters what you think the people who are up, you know, massive unrealized P&L are going to do I. Think so? You think people will dump Trump token to buy Eric? Baron Baron's the new is the is the new Trump beta. It'll flip Melania and Eric for sure if they. This melanic 1 is the only one that's knocked out right now, everything else getting decimated.
The ultimate like the ultimate fuck you is like whoever whichever cabals are like running the shit they just pump Melania to be like the main coin while everyone is like sidelined from selling it like. Hey, listen, I I don't want to pull up the, all the photos on the stream, but you know, imagine, imagine fading Melania, dude. Fro clock's the more the more you're. Going to say this, you know, dude, thing is she's looking at you saying put the fries in the bag.
You know what I mean? Come on, man. What a Chad, dude, what a Chad. Think Trump's about to walk in. Wait, Biden and and Kamala didn't walk in yet, but their their spouses did walk out together. I'm assuming we're going to get Biden and and Kamala walk out first and then we're going to get it starts. In 5 minutes I guess. You know, if you're on, if you're on spaces, feel free to come on the video. Will Trump mention MYR? I don't know, man. It's good line. I don't know.
Trump going to mention Myriad markets. I wouldn't take an over on that. Oh my God, definitely go put on your your, your things, your your predictions. One O 4/8. Brother, the fact that bitcoins 105K will go into this is really good. Like it's above 100K it's good. You know people are calling TOP exactly 7 days ago boys. Last Monday was literally the day everyone called TOP. And yesterday, seven days ago,
then yesterday. Well, yesterday, don't blame people for being, you know, oh shit, Oh no, Oh shit. I don't blame people. They get obviously not top line, but I don't blame people for feeling really shitty. Tucker Carlson front frontline here because there's Jill and forget his name, Doug. He does look like a Doug. He really does look like a Doug, doesn't he? I'm just I just want executive orders already. I'm talking over. This while we wait broke. I mean. A dollar off all time, huh I'll.
Admit. I was euphoric at 270 last. Night. Yeah, I was. I was really euphoric too. A. Dollar 70 now. Yeah, our memes are fucking. Let's go look at AI a bit. I'm a bit more bullish than Tyler if I'm not launching the Bitcoin Reserve because I think as long as there's hope that it's coming soon, like. That's the thing too, right? Is what drives prices. Not even doing shit doesn't drive prices. It's anticipation as long as it's not like ruled out. I agree with you, I. Yeah.
Let's see where the Murat coins are at because that's a good index of like meme coins. SPS 142 Bill Bro. Walk me, walk. And they're actually all right, right? I mean gigas. I mean. He has 800 giga and in specs are up on the day no giga. USA was the wildest swingers. USA went to like 2. We forgot to talk about that today. The USA coin it went to 270 with
the 300 mil. Painful one for me because I I packed my bags at like 20 million but I just like I couldn't hold it. Did they rock the did they rock the stream? Hold on, let me see. No, I don't think it's OK. Still. I'm sorry. Let me put it back. Oh, is he walking right now? Let's see. We still don't have Joe Biden walking, so it can't be Trump right now. Oh, man. Dude, obviously. Imagine being nice and suited up in that room right now. It could be fun.
No 03 piece. I've got a bounce I've. Got a? Yeah, have a good one. See you.