Yo-yo what up, what up Good morning, good morning MGF Tuesday, Tuesday it's only Tuesday Tuesday January 34th, 2025. Look at that another beautiful day to have a beautiful day, another beautiful longest month of the of the year to have longest month of the year. I got my Co host in the house Tyler Mando. Good morning. How you guys doing today?
Good man with a bounce back back to whatever it was 102 K. Yeah. Broke in my DMS, wants to add more risks straight away after the 20% rally across the board the straight. I mean to be fair, all my calls pre 20% rally were right. Yeah, actually to be fair, like the the nice little dip on Ray that we that you caught yesterday. That was nice. Small trade, small trade though, sadly. But yeah, I do want to I I wish I was more risk on. It's like dying. I'm dying but I'm so bored.
Like fucking JLP man. It's like so you put me in a retirement home bro. Like I'm fucking I'm a 30 year old degenerate that lives in. A put you in a retirement home. Think I live here? Like look at me. My surroundings are web 3. Everything around me is crypto. I live in a crypto home and, and here I am I, I and I live in the casino with you guys. I'm talking to you guys like so. Funny how just making making boring money is not fun.
I'm in the retirement home. I feel like you, you know what you did with me. This is this is what you did with me. You. You just let's take you to bed. Let's take You to Bed is made of Solana and Bitcoin. Hey, Farooq, let's take you to bed. Farooq, let's take you to bed. You know what the fuck put me. Put me back in the asylum. You know, I want him. I want him.
I actually know the feeling that you mean because you, you sit there just like the, the threshold for you to want to get involved in something is quite high. Like you just sit there and go. Like I don't know if I can be bothered to sell this. Coach. You know what I mean? So you actually you end up just like resisting all FOMO. I was just a good exercise though. It's. It's for example, did you buy MLG yesterday?
I bubble lower. I bought MLG at $85 million the other day and sold it on. Yesterday because you were in my DNS been like I want to buy some. No, I didn't. I didn't. I didn't. That's a prime example, right? You feel the FOMO and you're like, I got to buy it. And then it goes up, back down, and then you're like, Oh, yeah, OK. Oh my God, yeah, I got AI, got AI, got AI. Don't know man I just guys doing. Some low stakes, high leverage perps action to pass your time. Yeah, maybe.
You know what I thought about that yesterday, Tyler. I was like, maybe do I load up like $100,000 in the robot account and, and just perp trade? And I decided not to because for me, like this is the fastest way of losing the entire stack. At least on a meme coin, I'll chase the wrong meme coin and I'll lose half of my money. I can make that back, right? Just one 2X, but the perfect thing. How you doing, Tyler? How's your morning going? I'm good.
I woke up to the to the China Terra fear and then it seems like that's already passed. And is that? It's it's already passed and now it's 10:00 AM and we've already got our first Mega Bowl headline of the day out of the the Trump. There you go. And I'm sure we'll talk about that in a second. And we have David Saks, crypto czar, talking about a 2:30 PM Eastern Standard Time today.
So let's to me like this is like as exciting as like a Trump speech because he works for Trump and he's going to speak on crypto. So it's going to be a it's going to be super exciting. You know, I even have the local press, the person who interviewed me on for after my Trump review in Montreal that messaged me yesterday asking me about like what's going on with the doge and the use of
blockchain and stuff. So like there's like it's it's he's starting to make some waves, all this crypto stuff across across across the world, slowly but surely. I think people are really catching on to it that this technology could actually be used for something more than just, you know, number go up, though. This is what we're all in for anyways. Today on the show today, today, today, do a one soul to 1000 soul challenge. I don't believe in those.
Like there's no one in your timeline saying they did a one soul to 1000 soul challenge. That's like not lying to you. They all loaded it up with like 50 soul after losing that one soul and then took it to 1000 maybe because trust me, I tried many times. Anyways, today on the show, what are we talking about? Macros, markets? I do some numbers this morning, Amanda, I'm curious about or whatever. Anyways, that's the Walter Bloomberg talk to one tweet that stuff markets doing good.
So I'm assuming it's OK. We we have Tyler's top 1000 like you said, Eleanor Tourette again with the bangers on time on this morning. So I'm sure we got to cover that stuff and then last but not least, so we don't have a guest today, but we have robot loot box spins. It's Tuesday, so Tuesday, Wednesday, Thursday, Friday. Oh, and the code is already out there and look at the code. I I love we invented this term. This is a FOMO hours special FARC FARTKKC. What the hell FARC dude, what?
I just failed the spelling bee. FARC is going to be the code to this the raffle ball that XYZ we're giving as the code right off the bat because my ass always forgets I get dragged along the side the show and that forgets the raffle ball that XYZ every single Tuesday, Wednesday, Thursday, Friday, we give them money away and actually create a really fun box for you guys this morning with with a bunch of different NFTS actually took
quite a bit of time to make it. So hopefully you guys hit big. And as usual, this show is powered by Galaxy's Galaxy Web 3 platform, empowering creators and brands to build unstoppable committees with full ownership and independence. Trusted by icons like Donald Trump, Steve Aoki, Mike Tyson and the NBA, shaping together the future of engagement, but also fair side. Every day we see people as well
as get drained. Fair side is about to launch the fair alternative to insurance for crypto scams. Check out fair side network. If you get drained, you won't get wrecked, Mando. Who is the man? Can you dig it? GM everyone? So better day. I would say the day just got better as it went on. We we obviously had that horrific day yesterday, maybe up to 10 billion of liquidations. I think by the time the show went live we were kind of back to like, what was it, 97 K roughly?
I think the show, yeah, we nearly hit 100K on the show even. Oh, really? OK, so it was it was rounding as the show came. Because you had to go, Yeah. So. But by the end of the show, we really like we're 99299 four. Right. OK. So we're probably, yeah flat to where we were yesterday, although we did kind of go back above 100K to around 102 K
slightly higher yesterday. And then as I kind of we alluded to like this is not the the one, the fight against Canada and Mexico was always going to be resolved. The big fight here is against China at the BRICS and that was what, you know, Donald Trump had in his first presidency for many, many months and the markets didn't like it, but it came to terms with it. It also feels like they are now going to have a bit of a trade war with tariffs on, on
different goods. I do think this hurts China obviously a lot more than it hurts the US, although they've they've come back and said they're going to limit, they're going to limit the imports, certain US goods or put tariffs on them. They're going to limit their exports of some rare minerals, which is fairly important to the US. And they said they're going to do some sort of investigation into Google, which is just kind
of classic. So yeah, they're just like doing what they can to to exert some pressure back on the US. Maybe this leads to a deal, maybe it doesn't. My personal view is that there won't be a deal with China. I think I think it will actually probably just keep escalating. That's, I think the there is very little need for Trump's in Trump's view of like raising tariffs instead of taxes.
You don't do against China or Mexico, but you can just keep on doing against China. So I think, I think that's what we'll we'll see here. They may also continue to raise tariffs versus the EU. That one's going to be a more interesting one. I think the US feels less aligned, let's say with the EU right now. I think with the UK they'll probably do a sort of Canada, Mexico style deal, but for the EUI think it could be a bit more of an issue. And then BRICS remains to be
seen. India sounds like they've already like offered a trade deal in the last 24 hours trying to pre empt anything from Trump. Obviously, the Saudis and the US have kind of close, but at the same time not close relations and certain things. And then Russia obviously is already under sanctions. And then it's all the other extra members of the BRICS that I think they'll be looking at.
So let's see what happens there. This is going to be what what I think we are seeing here is that China is that Trump is going to be a headline president way more than Biden ever was. You know, we are going to hear which is his style, you know, this brinkmanship style, this slightly bombastic style, I would say. Where Bombastic. I like the word. Kind of crazy and then walks it back and then or sees what the reaction to it is. You're going to see a lot of headlines.
You know, I think we probably knew that from the moment he kind of came in and said he wants to like take over Greenland. Like this guy is going to put out a lot of different concepts and then work out what sticks or what doesn't stick. And some of it may all just be part of a negotiating plan. So I think we're going to see a lot of that and expect some volatility on the back of it. Luckily, I don't think a lot of that is to do with crypto.
I think for crypto in general, he's just going to, he's pretty positive, but particularly around foreign policy and trade, I think you're going to see a lot of fairly crazy headlines over the next over the next four years. So markets, macro markets wobbled a little bit yesterday and I haven't checked today, but what? Was this jobs thing there's numbers this morning or something? There was a there's a jolt jobs report. It's not one of the bigger jobs
reports. So I wouldn't, I wouldn't worry necessarily about that, that jobs report. OK. Yeah, Like it looks as though we're slightly rebounding here even even with the trade war stuff. So whatever losses we kind of had yesterday have kind of been us kind of being erased right now. So it doesn't doesn't feel like it's that much of A worry so far for for like macro markets. And I think that's going to be continues to be the case.
Bitcoin, I think it's good that it's had this little retest like it's currently like 9899 was there this morning as well. Like I think it would have been strange if it's like powered on higher. Yeah, it's good it has this little consolidation. And then, you know, I'm seeing a range of different takes here, like that was the flush that takes us then up can take us up to, you know, an all new time high. This points to us being in a long range for a long time. Bombastic.
Yeah. Ticker sign bomb. Wait no, I'm I'm Persian. Don't do it. That's racist. That. Looks like a range. That looks like a range to me. Dude, look at this range, it's so tight right now. It's like, it's just like the the eternal shop. We're back. Remember when you had a? We had a segment called the Chop on formal hour. It's interesting though, that chop, you know, you look at the chop from last year and it was a chop down. This kind of looks more like a chop up.
I mean, we put in the higher low here, guys. Unless, like, Tyler is like Tyler's licking his lips. Right now ILO on Seoul, there's a higher low on Bitcoin. This is higher lows, dude. Like honestly, wherever you want to put it, like they're like this all higher lows. Does that mean we does that mean we break out lower? Oh, so actually, while you're here, Tyler had a question for yesterday because you answered this question but the wrong way.
So yesterday Tyler asked you how do we break out of this range? You answer on the way down, breakdown of this range. Then you left and Tyler and I were here like, well, what the fuck? And Tyler was like, well, I kind of wanted to know, how did I say that? Yeah, but you didn't say it's going to be lower. You only answered. Yeah, well. Yeah, we were just talking through how to break the range and you just kind. Of you just gave one of the answers but we were waiting for the other answer.
All I've generally found is whenever we've been in a big range in crypto, you firstly, firstly everyone has to give up and think it's over and then you gig a cent out of it. And that's happened so many times. But look. Look at the breakout. This one, it's this one. No, the one after that, right when we went back down to 52 K and then it was just green candles all the way up to 70 and then it was like, right, we're going. That was the one where everyone
thought it was over, right? Oh, I remember. It's my birthday. That was the day, Yeah. And. Go back to the last range, which was the really long one. Yeah, like just before we started getting your sending out again every. No, no, before that, this one. Well, that's the bear market, right? Well, no, that one from where we're at 25 K roughly for like months. No, no. No.
Which one This one can. No, but the one before that, the really longest this one and again before that happened, I think ETH went down to like 1500. Yeah, yeah, yeah. It's over. It's here, 1500 on the dot here, Yeah. And then we just like Giga sending out of it. That may have been the one that everyone just gave up. You know, a lot of people calling for the top. Look at this after that. Yeah, exactly. But generally you need people to give up hope.
I've I've, I've found, and I think there's a little bit too much hope out there right now. That's my general. I don't like that you're saying this. He wants fully hopeless before we. Can yeah, this guy wants us to be hopeless. That's been my experience of the chop, like it is. It is so painful because everyone gets so bullish. You need a couple more of like we go to 108 K and I was like
we're about to break down. Oh, that's going to happen again for sure like literally yesterday when I was getting set of one O 2 something, I think I texted you guys I was like, are you guys ready for one O 6 before we go back to 92 on Sunday? I I and that's not me being bears, just BB. I think being rational. But where where are we here guys before we go to Tyler's where are we on the famous Wall Street CHEAT SHEET?
What do you think I love? How this gets looked at and then you bring up the chart of the S&P. So I think this is like literally, I think this is a weak cycle. Now. I genuinely mean that this is one week every week. But it's just this market. Have you seen bring up the the chart of the S&P? Yeah, it's up only for two years, I know. For two years. What do you mean? For like decades 15. Years for 100 years. SPX right here. There you go. Let's go on the yearly.
Oh my God, wait. But yeah, whoa, whoa, wait. There's too many green candles. Oh my God, this looks like. Where, where are we on this market cycle there? What I'm saying is I think and I think a lot of people are saying similar sort of stuff is we are going to start replicating traditional finance. Oh my God this is insane. Like why am I in crypto? Well, yeah, I mean, you should definitely consider. If if in crypto, pivot to the SNP. It's interesting this has only
really happened to U.S. stocks. If you bring up a lot of other like bring up the FTS. The FTSE has just put in all time high the other day but like. For what? FTSEFTSE. What's that? I've heard about it but oh it's the UK one. Is this a yearly? Yeah, I'm going to move to. I'll move to, to six months here. No. Well, it's actually a lot longer. I mean, FTSE's been going on for like decades too. Yeah, European and UK stocks, they, they, they charts do not
look like this. It's only the US stock market which looks like that. What's the Europe one say like in France? Euro stocks, I would say, I mean, right now a lot of these are hitting all time high because the euro is getting absolutely destroyed. In fact, we're close to parity again euro dollar. Yeah, it's true. So there's a currency impact to a lot of these. Oh wow, actually the USD is is is is stronger now? Very close. We're very. Close soccer now.
Back to that, I guess what I'm trying to say is I think we're I think that that whole thing of the boom bust cycle, I'm I am a genuine believer that crypto is not now set up for the four year cycle. Other people maybe, but like that, that doesn't look like the S&P and I think it's far more likely to be. Linked to. Tech stocks now than anything. Else, yeah, I think people. They hate it because they're tired of having to show up every day like they want their recovery periods.
I guess I'm I'm that's my interpretation. I can't understand why so so many people are just. Finding out about U.S. stocks. Yeah, that's a wild chart. What am I doing man? This, I really feel like that's like if, if you, if you think Bitcoin go to 100K to a million, like what's the path like it's this, this is what it looks like. I may just go buy like FS PX500 now like Murat's coin, I don't know. Like if you overlay the Bitcoin turnover this you'll you'll go.
Yeah, I mean you'll get you'll, you'll get a better do compare Bitcoin this part. This is art No I'm kidding I saw the funny joke made by 9 O 59 yesterday comparing S&P to ETH and even ETH outperformed it over time. So so obviously I can I'm kidding, but that is a beautiful looking. I'm I'm not gonna lie, this is beautiful looking chart Speaking of this, how's the other how's the actual SPX doing that the crypto one? I'm curious because they just got a revolute.
They just got a list on revolute this morning, 55,000,000 users. It's. Doing all better than MOG, I can tell you that, no? Shots fired in the studio right there. Oh my God, that was a good one, but it hurts. I love the rolling battles between SPX and MOG. Wait a year from now what's higher? They flipped a lot of times. The new conversation is SPX versus MLG because all the moggers just cut ship for MLG, right? OK, this conversation, this conversation stops right now.
This, this is where the conversation ends. I will not accept any MOG slander on this show. No, all the MLGS. That's my family, but we should talk about the MLGS and what happened yesterday so anyways, let's get to Taos up 1000 If we go to the macro stuff, just a reminder raffle ball dot XYZ raffle ball dot XYZ. If you want to run a crypto punk this morning they're. Expensive. Everything I would add is again the revenue protocols, the what should we call that?
If we called, if we called that FARC, this is called the let's. Invent the. Term you guys what during. The Ray Hype LP. The rate, so what's what's part of this revenue generating protocol? It's Ray. Hype. Hype. JLP and and Jupiter to a certain extent, but. But is Jupiter part of JLP? No, you one of your biggest holdings. I, I don't, I, I, I'm not telling, I'm not joking. I don't know what I put my money in. I just bought it because you told. Me to buy it. I gave you the description.
I know you did you explain it to me, but to this date. No, no, I'm not accepting it. I'm not accepting it because you're a smart boy. I'm not accepting that you don't understand What? No. I understand. Let me explain to you in layman terms. Basically JLP is an aggregation of 30% of USDCUIUI stables, about 40% of Solana and the rest
is Bitcoin in the East, right. And then basically it's a pool and as people are trading perfs on Jupiter because they have one of the highest perp trading volumes on the on the, you know, on chain, a portion of the fees goes back to buying back JLP. No, not to mine back to. Increases the size of the of the pool. Of the pool, and as the pool gets bigger, there's more money in that pool there for the price of JLP is pushed up. Yeah, that is you nailed it.
That was exactly what JLP is. Jupiter is is not that Jupiter is a governance token of the Jupiter ecosystem. So then it's not a revenue generating token then? Well, they introduced member recently a 5050 fee split on their spot trading. Although the fees we don't know like it could it, it sounds like it's going to be in like the. 100 RLB so it's robit chatter sponsors a revenue generating if they're burning all the time really asking.
So what I would say is RLB and Jupiter are actually very similar, right? Because it's a similar model. In that, in their design, yeah. OK, so jup, makes me think of RLB. Yeah, in their design, but. Similar hype. Hype is actually the same. It's a buyback model. JLP is a is a different sort of what. Do you think other? Jupiter is also rolling out the suite of products like they've got their mobile. That too. Ape so they can always like start to they've got a lot of
levers. Whereas Robit stays the casino, right? It remains just the casino. They can. They can create new products, they've already got a user base to cater to, and then they can turn on buybacks from those as. Well, So what did you say Darren is calling this aggregation of tokens? Just like next Gen. D5, no? We're not calling next Gen. D5. We said that Darren, his quant Oh. Yeah, I guess. I guess it is next Gen. D5 but I'm saying we need a better term you.
Know what I mean? That's just next Gen. Tokens like, I guess they are all defy, yeah. Do you remember last cycle there was like solo Nevax and that was like a Bangor term? That pumped everything. Come up with our own version of it between Ray Hype and JLP. Ray hype JLP, let's take the letters. So chat participate in this with us. Ray JLP J hype J help J help. OK, so you're getting this. This should start with rail JJ hype. The J hype are outperforming today. J hype. J hype.
J hype. Like Jay. Wait, he's gone. He rugged himself. Wow. He dropped his mic. He he dropped the mic. He left Tyler. What do you think? J hype. J JYPE ma'am. Jay Hype. I can't. None of these sound good. No, they sound terrible, all of them. JRL. What is this guy doing yo? I think you're going to have to get the 1st 2 letters. We we need more vowels. So, JJ. Hype's the best you can find, I'm certain of it. Ray. So it's RAY. Ray J. Ray J.
Ray J is Ray J? Is that something Chad DPP can do for us? Hold on. Let's I. Actually prefer that Ray J hype is what we're going. To Ray, J is hilarious. Let's see, can you combine these three acronyms into one word that is brandable? Please. I'm not saying please this Chinese AI. Ray, Ray. Jack. OK, OK, see I love that. Could symbolize ray. Could symbolize light, vision or something illuminating JLP.
This one is a bit more ambiguous, but it could be initials of a geographical reference or a unique term. Hype represents excitement, buzz, and enthusiasm. But they are rape. Oh God, they really say that? No, right? Combining elements of all three, you could come up with something like Rageype. J Ripe. Hype Ray Jipe. So see, that's J hype, a bit like J hype. J Hype All three I think. J Hype sounds like K pop, you know. Ray J Ray JPE I think is or Ray
JPE. Yeah, I think we're not going to who abstract coded, but more unique. Let's see. We'll, we'll, we'll deal with this, but yes, hype is up. Oh my God, it did. It did propose. We're not going. To call it Raplify. Raplify. What is this dude? What? Ralph Rezo hypev. OK, before we get cancelled, I'm just going to stop this segment. Tyler Tyler Tyler analysis Tyler T on FOMO our cause the kid. Can folks?
Crypto majors rallied on tariff pauses from Canada and Mexico yesterday, but then dipped overnight as China retaliated with tariffs of its own. But no worries, it was a major day of macro headlines. So we had Trump announce a new executive order for a sovereign wealth fund in the United States, first of its kind. The SEC has instructed their staff to no longer launch probes without about leadership
support. We've got Eric Trump telling everyone to go out and buy ETH on the same day the sovereign wealth fund was announced. David Sacks is set up to speak later today, 2:30 PM on America Leading the way in digital assets. And then just in before the show, a new stablecoin bill is being introduced in U.S. Congress today and expected to pass. I'm sure we'll dig into that here in a minute in token
protocol and AirDrop news. Let's see, oh, Bear Chain, another piece of breaking news this morning that they're set to launch February 6th. Tokenomics and an allocation checker to come tomorrow. So expect a lot of eyes on that in the AI streets. Total market cap up about 14%, though down from last night's highs. Most leaders up about 8 to 15% or so when I ran the numbers
this morning. AIXPT reclaiming top mindshare spot amidst the spree of high profile hallucinations, including me picking a fight with it. You fought with the bot for an hour yesterday. We're going to talk about that. We fought the good fight robot yesterday. You really have turned against this bot I've noticed recently. He was literally like. Like a guy and then now you sold your position and you are just. Have you really sold if you're not spotting your bags?
No, no chance, no chance. He he still owns AIXPTI like tomorrow he might just short this thing like he he is not happy with that he. May already be short right now.
I'll get into my rationale. In more positive news, we've got AI 16 ZS Eliza OS they flip Solana lives on GitHub and stars and contributors now over 500 contributors virtuals supporting the base AI agent Hackathon. Sui has their AI agent half a thought kicked off that's running through February 10th, $100,000 in prizes and then sky tied to the swarm labs team. They were accepting into Nvidia's consumption program for
start-ups. So a solid piece of piece of news there on NVIDIA and one of our AI leaders and memes. NFTS meme leaders were green on the day of about 5 to 6% mostly fart coin LED all on chains slaughter blind over $200 million yesterday and then this pain pre sale the pain escalation last night $40 million the. Pain escalation. Token has not debuted just yet, so that's the rundown. Looks like the breaking news is she is going to meet Trump this week. The tariff tour. OK.
Oh wow, is that breaking teams are just coming. This is bullish. I think I, I genuinely think like these two, like honestly, like I feel like Trump and your friends Loki and. Fax to start credit repayments February 18th. Yo. That's big. In line with. All in in line. With in line with my end of February call the same. More and more, I don't think. We're in line, don't sit and tell you. So what happens all time highs in the end of February anyways?
Anyways, everyone needs to get a little more bullish. I think you guys are not bullish enough either of you either you guys like I have permable in my Twitter name now. I changed my name yesterday. It's for rogue and I, I, I know USA now has an executive order for two genders. But my I my my thing is permable. That's what I want to be associated as. You might take away your press pass if you if you yeah, new role. So be careful with that.
Hey yo, so. My the personal trainer I see most, most mornings found out today that I'm well, actually a couple weeks ago that I'm like AZ list celebrity and I have followers and and and and Twitter. So he's now been listening to this show. Every time to time to change trainers. Shut up, Nelson. Nelson. He's a big fan of yours for he's like, who's the guy with the hair? Like, thank you. Obrigado. Obrigado. Obrigado. Nelson, You're going to be training me soon. I'm coming.
I'm coming. Nelson, let's go. Let's go. Nelson, I I can probably bench more than Mando. Don't worry, I got you. No chance. There's actually zero chance. So tell me. I'm not bullish enough. I I spent I took 20 minutes on my morning today to explain to everyone what a sovereign wealth fund. So let's start with that because that is by far the biggest news yesterday is the sovereign wealth fund for the USA. I've been wondering why the USA haven't had one.
But Tyler, why don't you break down the news here and then let's get into that combo because that's massive. Yeah, so the the big story here folks. Yesterday President Trump signed an executive order to establish an American sovereign wealth fund in the next 12 months. He's also asked for a plan to be delivered within the next 90 days for how to stand that up. So for starters, what is a
sovereign wealth fund? It is a state owned investment fund that manages a country's excess financial reserves typically generated from exports. They can also generate capital from from borrowing. The goal is to generate long term returns for the country, stabilize the economy and accumulate wealth. Typically they invest in stocks, bonds, real estate, commodities,
and more. We've got some examples across the globe, Norway and China notably, both operate sovereign wealth funds with over trillion dollars. And normally if you miss this, they've invested in Bitcoin via micro strategy. There is precedent for holding Bitcoin. There's none of the oddest things I think Trump has done. It does kind of shock me that both the UK and the US have never really had big. Sovereigns. Is there a reason for that? Why is that? I don't know.
I generally don't know. The UK needs one part of this is is actually tied to the pension system. So a lot of the sovereign wealth funds are built out to basically help with the with the manage the pensions and the returns of those pensions strictly on the public side. But to be honest, like the two biggest centers of financial trading and wealth are the UK and the US, and neither of them
have had soccer wealth funds. It's very popular in the Nordics. So like Finland has a big one, Norway has a big one, Sweden, Sweden as well. And it's like these are institutions which people like die to work for. So like Singapore, the Singapore one, for example, GIC is known as being one of the smartest funds in the world. Yeah, I met the head of that in Hong Kong. Singapore will will vie to like read like this. That's like working for Goldman
Sachs, you know what I mean? It's kind of a same for Nordisk. So like, the idea that the US would do this kind of makes a lot of sense, I think. I mean, they invented capitalism. I figured they'd have something like this before. Look at a ton of people apply and like you'll get really smart people who want to work because you get these, you get a lot of people here and and I, I criticize this a lot in the UK too.
It's like if you want to be a civil servant or you want to work for the benefit of your state in the UK or the US, you largely have to go into some form of bureaucracy or deep state criticisms, all this sort of stuff. But if you're working for one of these entities, like you actually, you actually attract a little business minded people that just want to give back a little bit.
And, and that's, that's generally what a lot of a lot of these other state wealth funds are, are managed like, maybe not like the gulf ones. The gulf ones are a bit more like just arms of the, of the royal families out there. But the, some of them are really, really great institutions and, and like they are big sources of national pride as well. So I think the US should 100% have one of these. And, and if they want to get
involved in crypto, great. But if they're going to, they could get involved in AI, think he'd get involved in like a huge broad base of things. Weirdly, like the biggest ones of this in the US are like private endowments and they're often tied to like universities, sometimes to like state level pension funds. But they just don't have the same level of like esteem, I would say. And I I I do think that they could do something really cool
here. I think that's one of the biggest shifts we've seen in the first month of the Trump presidency is just smart, business minded people starting to work on the government. I mean Elon and Doge just kicked that off. Yeah, bro. There was an article, I forget who wrote it, they're like kind of mocking these young kids who work for doge right now. But these are like child prodigies, like they, they are like literally genius. I. Didn't see that. What is Doge?
20 hours a week to try to fix the problems in our government, like that's exactly what we want. Exactly. This is exactly what the point is. It's like if you want to be a civil, like you can be from a top university, kind of go be a civil servant. But generally it's seen as like a bit. Of so apparently one of the kids is from Montreal. This is what they reached out to me like they who is where do I see the team from Dodge?
I don't. Have to box them, they dox them on Twitter and then people dox them then got their their accounts banned so I don't. Know OK, because apparently one of the kids went to McGill University. It's interesting. Apparently the kid went to Cole Killian. Part of the is from McGill University. It's not bad. Nice. Make Montreal great again.
Let's go anyways with that, Tyler, once you get more into details of like who's running it and like Lutnick and stuff, because I thought that was pretty big. I think the crypto tie in is Howard Lutnick is going to run this along with Scott Bissett and Lutnick, if you're not familiar, he's the CEO of Cantor Fitzgerald. He is long hundreds of millions of dollars of Bitcoin and is also spinning up and Bitcoin back to lending business. So that's a pretty major connection.
And then we also had our our new political Kols. So Loomis was retweeting the investment, saying it was a big. She's the best. And then Eric Trump just a few hours later telling everyone to buy ETH. And, and of course, those could be like the Eric Trump thing, could be different. That was wild. That was the most wild thing I think I've seen. The guy buys hundreds of millions of dollars a fee and then tweets out in my but it's a great time to Addie and then he
thank Oh, this is different. No, he edited 2 times man though how do you see that you can't? Anymore I had a good reply to that. Is that why that didn't get a? Yeah. So basically it was edited twice. It said thank me later. Yeah. And then, yeah. So anyways, so there's that, I mean. One of us, yeah. There's gonna be crypto in this thing. I think it's just a matter of is it just Bitcoin? Is it Bitcoin plus ETH? Is it Bitcoin plus ETH plus more?
Yeah, I mean you what made in the USA coins probably right like they've been they've been talking about she said big things coming. Do we believe that this is 1st and easy step towards a Federal Reserve Bitcoin that's BRBS or whatever, given that with the sovereign wealth fund there's obviously much less legislation and bureaucracy to go through?
I I think this would this is how you buy crypto like rather than just this is this is a vehicle that other than we talked about confiscating or maybe selling the gold reserves. If neither of those happen, this is how you buy. OK. I agree with that. So it looks like mark your calendars within the 90 days we get SFSWF plan from Bessent and Lutnick and then within 170 days crypto plan from Sax, who is actually going to be speaking to that 2:30 PM Eastern. Tyler, what else you got for us?
Feel like there was a few banger headlines in there. The SEC 1 is like the news there is the their analysts are effectively no longer able to go out and start launching probes against companies, crypto companies pro with without
approval from their leadership. Whoa. So, I mean, you can argue there's pros and cons to this and and perhaps, you know, it gets a little bit over politicized, but it means there's likely less, you know, there's going to be less enforcement, there's going to be more tape to to get through that.
So that was a headline. And then right before the show, Eleanor Tarrant broke the news that Senator Haggerty, who actually who spoke at the at Bitcoin Nashville, he's introducing his stable coin bill. It's called the Genius Act, guiding and establishing national innovation in US stable coins. The idea is to provide clear regulations for stable coins. Let's see, define stable coins with digital assets paid to the dollar, established licensing and reserve requirements, how to
apply Fed rules and more. So it's just, you know, more progress in crypto going mainstream here. And really, so far, knock on wood, we're a few weeks in. Seems like they're doing everything the right way. I mean, so far so good in my opinion in terms of in terms of, I don't know, so far in terms of promises made at least towards the crypto folks, right? Crypto they are delivering. Over delivering, I would say, even because they're delivering fast. It's it's incredible.
You know, now I understand how the terrorist stuff may have made people feel uneasy at times, but I think it was just like politics and chess moves to get people to agree. I mean, that was also part of your headline. Tyler post show. It seems like why it's a by the way, we're not out of the water yet. It's 30 day pause Mexico and Canada and what's going on with China now is there was a tariff on the other way, but is that solved already? You said the speaking Mando.
That seems to be behind us already. I mean, the US can do a lot more damage to China in terms of tariffs than the other way around. I don't. I mean, maybe China could pressure the US in other ways, but China is not having is in a little bit more of a precarious position I think than the USI. Like I've said before that that's not going away.
Like don't expect, like I, I don't think this is where you're going to get some sort of rosy trade deal between the US and China. I think, I think, or even if there's one temporarily, like the, the Trump's going to continue to hammer China throughout this whole presidency and probably the BRICS too. That's my guess because he does need to, he does need to make revenue here if he's going to cut all these taxes and that sort of stuff.
So yeah, I think, I think you'll, you'll definitely see tariffs there. It's going to be interesting to see how this like doge thing works out too. Like that's, that's kind of the dark horse like. You're just welcome. Elon is saying that he thinks he can get rid of $1 trillion of spending. Yeah. I believe it. I mean the guy cut. Like of the of the deficit, if he, if he could, that would be huge.
That would be huge. But it does feel as though, you know, he's already facing a lot of roadblocks, or at least there is a there's a lot of fear and criticism and, and like whatever, there's a lot of a lot of people don't want him to do what he's about to do. Yeah, I mean, you know, it is what it is. But I found the, I found all the versions of that Eric Trump tweet. There it is. There's all three of them.
I think there's a there's a school of thought that that ongoing inflation is one of the drivers of the price of Bitcoin and risky assets. And then if Elon cuts the deficit significantly, does that slow down printing capital and pause effectively? I think there there's a lot more to it than that. All right, well, we'll see where that takes us. We can only wait, right guys and see take it a day at a time, one headline at a time. We're back to the headline market.
You love to to see that. So I don't know, I think a lot of people like, I think it's easy to say that it won't work out because based on like old like stats and data from like previous places, previous countries stuff. But also Elon is like one-of-a-kind, like the guys built a net worth of half a trillion dollars on the back of his businesses. So if anyone could do that, I
believe it could be him. I mean, everybody said that Twitter would be done by now after he zipped 80% of its population of Twitter, like all the employees whether left or, or or were fired. And, and I think it's running fine. Yeah, we have bugs here and there, but it is the largest, most powerful, impactful, important social media platform on Earth is X right now. I think we all agree to that. Sure. We're streaming there. So it's pretty wild.
They can cut that efficiently that that's there's gonna be a massive win for the. USI think it'll be a win, and it'll be a win for everywhere else. I saw Bernardo Orneau made a speech in France recently last week and he actually quoted the US and Bernardo again. No small feat, right? I think someone very successful and very smart, third largest, richest man on earth or second,
I don't know. And he went to made a speech in front of French people saying he is doing his trip in the United States. He realized that they don't, they don't, they don't, they don't cut corners over there.
They get straight to business. And then there's too much bureaucracy in France. And I think that's something that's France's biggest flaw, which is very Euro, right Mando, like Italy portrait, like all these countries, like there's so much bureaucracy in Europe. It's so old school and it's like we need to be doing something similar. And then he quoted Elon in the doge.
And so I think there's something to be said about all these pretty great minds like believing that this is a good way of like fixing a government and and I think they have more experience than the average CT person. Anyways. Tyler, let's talk about your beef with an AI. On the lighter note, I want to talk about you and AISBT going pound for pound, yap for yap on the timeline. Oh, is this what this is about? Is this? Is this yaps?
Is this really about? His whole personality now is around Yaps. I didn't even get many yaps for this. Yap for yap so take us through your yap, yap out, yap off with. So yesterday I saw DC investor retweeting, yeah XPT saying that effectively that World Liberty Finance bought 8000 ETH, which is $250 million of ETH in the past seven hours, which I, I knew was very, very likely
wrong. And our, our colleague Logan was actually writing an Article 4 decrypt on some of the movement that that World Liberty Financial had done because they, they've been moving funds around. There's a lot of fun around it. If you take that on the surface, what it looks like is that perhaps they had inside information that the, the tariffs were going to be turned off or paused. And then they, they effectively used this crash to, to stockpile a bunch of ETH.
And like, that would be a very bad look if if that was the reality of how this played out. And it's just, it was totally wrong. So basically like we found the tweet that AXPT was sourcing from. So AXPT is not reading blockchain data to degenerate its own content. It it's, it's all this tweet. It repackaged it but but the original tweet shows how they bought 86,008 / a two-month period and the bot hallucinated
7 hours. Yeah. And so here it is. You know, like on its own and and it's been doing this for such a long time, the the problem becomes like the bigger dude. He literally was like check yourself before calling everything nonsense found up. A little bit when it when it said that and then I think people from their team finally got involved. They're like, yeah, it's we were
wrong, but all Kols right? It's like when I was starting to like get a bigger following and I made blatant mistakes like stats. Sam would would call me out like, no, you're wrong. And and then I would correct myself or I would delete the post. The bigger this robot gets. Listen, Coin Telegraph wrote a story about this. No. But that coin Telegraph is absolutely terrible. Like this is just not. I even that's the problem like that that was. I use deep news right and deep
news picked up on this. But this is insane. Like it's not that hard not to pick up on it. Did the crip write about this shit? No they didn't because like they have common sense. Like honestly just check your fucking chain. But. I think this is this makes a very good point is that the ripples of one mistake with AI they. Tyler's point is extremely valid here. Yeah, there's very few people make putting out original content.
And sometimes even when the people who are creating out original content, if that gets repackaged by an AI news service, that can just go, oh, we saw that with a bunch of things, right? I mean, remember when Coin Telegraph called that there was going to be the what is it called Bitcoin thing ETF and then going? To be denied last minute or something. Or it was approved, It was approved in Bitcoin brand. So it's not the first fumble there, but it's true.
This is the downside of AI, not the downside. Sorry because I don't mean to dunk on AI but like the difference between human and AIAI still makes a lot of mistakes dude. And yeah, and more people are are sources like DC investor is a smart guy like regardless of your thoughts on what on him being so bullish Ethereum, he's a smart guy and and he's spreading this and like and people just people just are are just taking it at service value
they're. Like I was very surprised by DC by the way, because the state of Ethereum influencer is clearly to first of all, it's never trump buying Ethereum when well, Liberty D5 buys Ethereum. But OK, I've caved. I'm let's just pump for our bags. It's good for the industry. So I'm done correcting people. But like, you know, goes both ways, right? So I don't know That's that's great. That's right, you can't debug. Oh my. God, some level of integrity in what gets posted on.
Because guess what? The the robots aren't generating their own content, They're they're just surfacing what other people are writing. So yeah, Zeniko's being sarcastic. Of course he is. I, I also like this AIBT agent. He was calling for another 42% dip on Bitcoin and now he says that we've bought them. So I'm very confused. I, I think this thing may be may be tied to KBM's account. Now I'm getting a little concerned. Let's look at the price action
though. I mean, it's like every to be fair, this is every I coin so. And I'm not, I mean I'm not shorting AI XPT by any means. No, I wouldn't. Yeah. I I would be scared to short that. I think there's plenty of people who still want to buy it. What do you think of Eliza OSA AI 60 and D? We, we were talking about this before the show. I, I it's still one of my favorite plays on the board because of their builder
network. And I think the the biggest draw down is largely just tied to be like, what is the token? Like why? Why does they need it? Why do they need a token? How is it tied to like this actual community of builders? It does seem like it hasn't like the, the, the, the, the open source nature of it has just gotten stronger and stronger and stronger, right. If you go through again, I still just think this is like a extension of the whole Melania thing.
I do think that we even saw it with FAR coin, a bunch of DDI coins yesterday, like people are selling it. Every pump. If if something goes up 50% if it pops its head above like the parapet like. Smash. I do think there's quite a lot of like, do I think this could go back to a billion? I think this will be really, really tough right now. But do I think this looks cheap, like 400 million with that?
Like obviously it's not a blockchain and they need to then work like, but they said they're going to bring up their own Asian marketplace, right? They turn that on, maybe that becomes a big deal, maybe the launch, right? Like they've got a lot of levers they could probably pull with with that GitHub, right? Those numbers are not to be discounted. I think it's great numbers. This, this tweet. This is a tweet, right, Tyler? I think you would know if you were talking about this morning.
I think it's fair. I think someone made a comment here on this post saying they're still dependent on Solana. So it like at the end of the day they are depends on labs in a way. Correct me if I'm wrong. I personally I think the trade is trade was done like D trade went to 2 billion plus. I think this was again the pardon. Hit 3 billion. 3 billion so that even worse technically to my point. So like 2? 100 million. So I The thing is like the trade was so utility value.
OK, fine, $400 million fair value given how many builders there are in the bull market. Fair mimetic value is gone from A16Z because Shaw's no longer main character. So it was a $2 billion run on Shaw being main character and being all over, right? And also threat guy and Frank like super bullish on everything you guys like, you know, again, like I've been talking about this a lot.
Like you guys just talk about it much more so that that you know, the LA guys that talk about it a lot in a good way. This is not enough. I mean, not a really good way. Trump trade really fucked everything up, guys, because it reset everything. I think TG Frank and us, we talked about this a lot similarly. It's like it was a great reset in the mean coin tranches where everybody stabled up or went towards JLPS and stuff.
And I'm the best example. I was 9999999 percent risk and now I'm like at least risk and I don't hate these coins. I think the trade from a trade perspective, I think the trade was done. Can it go higher? Yeah. But will people sell on the way higher? Yeah, I think so too. But I agree, it's looking good, guys. Follow the builders. If you follow the builders, then yeah. And this is a trade. We're just Ray Jipes from now on. We're the great Jipes. Let.
Me show the bull case. So Obie's come on the show and and he's an even bigger bull than me, right? He is, but he thinks. Some of these can go to ten $20 billion evaluations. The path for them is like we, we need AI Phi, like we need these companies to start generating revenue like we, we, we, we're all bullish. Next Gen. D Phi Ray J Hyde. I'm really looking forward to AI Phi.
We, we probably like incredible that is the path and I don't know if Eliza can, can pull that off or not, but like we, we just had the mimetic bubble burst. We're not going to get to 10,000,010 billion on mimetic value anymore. Like I totally agree with you for so it's going to have to be something else. It's going to have to. Be. More true utility and they haven't unlocked that yet. Yeah. And I on the near term price action, totally agree.
Like a buddy was saying that he thinks fartcoin, it flipped to $0.80. He's like, this thing's probably going to speed back to 1 and that's going to sell off at 1:00. Probably. I hate to say it, but. Like a lot of my current bullish mental model, if Bitcoin consolidated up, some of these leaders do the same. Every major pump gets sold off. But perhaps fartcoin bombed at $0.50.
Maybe the next bottom is 55 or 60, maybe the next one for that is 6570 and then a a breakout in Bitcoin late March. Maybe things escalate from there, or maybe I'm totally out out to launch and we don't ever see new all time highs on anything again. Well, no, I don't think you are. Yeah, like Mendel said the same thing in to us too, right? He says it's a very trade that's highly depending on majors. And I agree because for utility plays, I'll play, I'll buy Ray
J, you know, Ray J Hyatt not. Not Ray J. I'll buy I'll buy that over any like utility meme coins and from a medic value. Oh, by a meme. Even those last right? And even those don't last. I mean, you, you know, us like we're looking at I'm on the four coin chart. I always have a four coin tab open. I always know, I know the price of four coin at any time of the day.
So I, I, I, I do like, I can tell you right now closing my eyes like $749 million, you know, let's look, Oh wait, look, it's at 700 and 43. But just can't. I took 5 minutes ago. But you know, I memetic value. I feel like there's better memes. I think a lot of these are looking undervalued. That's what I think are the. Undervalued or fair valued? As in for where we are in a cycle and bitcoins at 100K, suddenly these look like meme coins. Solana meme. Let's bring up Solana meme coins
again like. I mean, those are no, but I mean, yeah, we can. But there's they're all Christmas trees. But that that also includes tops aligned meme coins, includes FARC coin, includes AI16C includes. I guess that only really includes GOAT. But like that's at 13 billion right now, right? That is halved. Well, it's down 40% since November. Like. Includes Trump, but I don't know. I know you can't really count it lose. Trump, right? Melania. Or billion of that.
So it's much so it's much worse actually. So it's. Yeah, ask you where do you see your Solana meme coin chart? Only Solana. It's a coin gecko type in Solana meme coins. OK Oh does that come out for you? I think you got to. I didn't do Google. I just typed in Solana meme coins into Google. OK, I'll, I'll find it. It's really about 9, right? There it is. Oh, I didn't know about this chart. OK, cool. Wow, look. The market cap of Trump as
everything else now. Wow, this is not a lot like I don't I mean the wood 1 I don't even know it and it's top. What is that accurate? Is is everything in there? No, that's everything. You just don't. Would you buy any? Would you guys buy any of these? I'm just telling you like this is how much stuff is down right you like I was talking the other day like with man like. Maybe Giga? Giga, you're honestly dead. As though after the fucking thing this week I wanted to buy
Giga so bad. I guess my point is that you can buy some of these older ones and still think, you know, they're not going to go down that much more or they look. But I do think right now, Oh my. God that's 30 mil. Since Milania like you have probably Portnoy about to drop a coin, right? He's very, very keen to drop a coin. He's. For sure going to drop it bro. By the way, if you guys think he's not going to drop in T, then no on myriad markets.
I'm just saying. Yeah, and that's if he then does one, I'm sure you could have a Barstool 1. You can have so many brands come out and try and do one as well. Like it's going to be so people are just scared. Like it's not even that these things, I think these things should be higher, but people are just so right. I want to be in stables. And so you just you come back inevitably to being a rage hype maxi.
Rage Hype I Every time I get the itch to want to buy something and I don't two hours later, I I, I pat myself in the back. And this tells you the state of these coins, right? Because I'm living that cycle inside of me. Like I want to buy, I want to buy, I want to buy, then I don't want to buy. Like I eat 15 fart coin. I'm like, fucking need to put $2,000,000 into fart coin. And at 7:50 fart coin, Oh my God, never mind, maybe I'll wait. It's going lower.
And that's a crazy thought, Brussels. Right, Tyler like, no, but like, but I'm also like redacted, but like I think this is how most of the market participants are. I genuinely feel like I'm probably the most relatable minding participant. Broke is very much people buy momentum in this market, but you can't guarantee the momentum on all the coins. The only coin that looks like it has momentum right now is MLP right?
Just looks like OK everyday like oh this I. Really like what they did yesterday by the way, but. I don't really have like a strong view on like the coin itself other than I like gaming meme coins and I think this is an interesting niche, but like. Someone got to wake that though. You only from a chart perspective. This looks like it's on its way up in a new like view. All the other ones that like obviously. Like Tyler's talking about, it's like slow grinding up.
Like I see this one like that. Ty. I like MLG if I can just put on the opposite side like this. Also looks like a farm chart. It does. It does look. Not with MLG. It does look like a farm chart and you could argue that there's maybe a player that's bigger than all of the LA guys and us that's farming on the back of the biggest dreamers on earth talking about it. We can't prove it, but it's still it's try to looking really good. By the way, I would I would never.
I'm actually thinking about maybe opening a position. I have not. I want to open a position of somewhat size, but I want to start opening it on major dips like the other day when I bought at 84 mil. That was nice. And some of this I, I think I you can't be involved in Epic and not think this has a good yeah as well, right. I mean it's really your whole bull thesis on Epic was gaming mean points.
I think I I hope this coin does well just like A and then I think you can bring in gamers and and this can be it's a whole new sector of, of, of potential crypto participants. But the yeah, I mean. Look at this, there's already got 40,000 followers. I like part coins too. 30 million bucks. Because if. If so, then the. Question is so here's what he's doing. So Aiden Ross is going this is his Twitter, right? I listened to the entire stream yesterday. It topped down.
Basically, he has $30 million in in Ethereum, which is wild because if I pick this up, pick this up currently, that's what he got paid from Kik in crypto and he never sold it. So he held it for for to all time high. He held it held it that 800 he held it all. He never ever touched his crypto per per him. And now he wants or banks and stuff want to help him sell all of his ETH into these assets. So, and I actually, Chris, what
you think? I know this portfolio thing, I think it's pretty good One, it's better than the ones we've read Tyler in the past, like, oh, all the time. It's 70% Bitcoin, 10% Seoul, 10% Ethereum. And then the last 10 points, 10% it's hype, MLG Trump. That's what they're they're breaking. Up. Cut the ETH. Pot. I wouldn't. I wouldn't put the ETH in there. Yeah, I mean, honestly, it was, you know, it was crazy. The stakes. I wish these guys play so. And it's funny how mentality is
right. And that's also taking a bull case on ETH guys. And I hate, it's crazy. I'm pinning it this way at the end of the stream. No, listen, listen, listen. At the end of the stream, Aiden was like, fuck this, I don't want to do any of this. I like my ETH is going to go up because it's undervalued. And he actually bought $10 million worth of ETH 25102 days ago and he's already up. Yeah, he said it.
He's like, oh, I, I bought another 10 million when I saw it went down to 2500, call it luck or not, but he did that. And so he's up another 2,000,000 on that. If you look at at 2800, maybe he's up in a million only now, but only what is that? 2 million worth of worth of these. He bought 10 mil at. 20 he bought 10 million worth OK, so he's up $1,000,000. I don't know if I'll. And at the end he said I don't want to sell it because it's the second to big.
So see that mindset like the average rich participant that gives no fuck about crypto deeply or isn't involved may think like Aiden. Yeah, that's fair. And it could be in the sovereign wealth fund. And then it's going to. Go up. So the billionaire who's 67 years old and who's got a fuck ton of money and wants to play with the kids in the crypto basket, he's going to buy our fart coin bags. We're going to buy just a bag of Ethereum. It made me think about this guys a little bit.
I'm not bullish with theorem, but. It's interesting what is what is a multi cycle coin? I do think some of the coins that he mentioned are all I think that's. So funny. A multi cycles. The meme of Frank selling Frank wasn't fucking selling. But no way you're talking my shit. He just posted that this morning. It's so funny. He posted that. Yeah, Aiden Ross, Yes, he said. No way you dumped my shit behind. A lot of praise at the moment, isn't he?
Blame Frank is the new blame for rogue, but it's funny because he was tweeting this at the same time I was looking for the pump fun and it it it went like right away and then he told the guy to suck his Dick. It was kind of funny, but I it's funny because he's like turbo bulled up also. His biggest bull is going to be. Hold on though. His biggest bull case for ETH? His biggest bull case for ETH was the Eric Trump tweet. He literally said it. He's like, oh, Eric Trump's pumping ETH.
Why would I not have? Yeah, but. It's not that I'm not, but it's not that I don't like ETH. I'm just done with trying. To I know. We're all going to fight. Tyler went through that last week. He tried to log ETH 20 times and he kept like he was like fuck every time he's. Tying a Bitcoin is 4000 OK, ETH is 3700 Bitcoin. So they brought up that tweet on the on the on the stream. But for me, I think his allocation is like 10 percent of 30 male. Like let the kid have his 10%
eat, you know what I mean? It's like it's not bad. I can't believe I'm defending a case for 10% of eats right. Now it just lets me down like whenever I'm like, you know what I. Know this? Is it this is it lads dot east? I mean, look at it now, it's just feeling the weak Wick on the way down again. I only other thing is I also feel as though like I'm increasingly not liking dot E like I increasingly Oh my. God. Individuals on the timeline.
Dude. Which I can understand, like, you know, like it's obviously been painful and like they've been dunked on. So they're just like, but like I don't enjoy being a dot E at times. Like it's like me and the lads are going to get together and everyone's just been like saying everything else is a scam. I don't I don't believe in that stuff. I remember the dot ES of last cycle was like NFTS and like we're going to, you know, we're going to do all the crazy shit.
And then I think they lost that narrative of being the the like the easiest UI and then they've like been very much against new stuff in crypto, I think. They were the thought leaders. They still are still think there is that sort of like like deeply philosophical and theoretical base with with with, but but yeah, user friendly at times. It's just not dude, like from an application standpoint, like it's not, it's just not usable.
My friends are dying on Madam ass dude to move all the stuff to phantom and stuff. It was a hassle and I kept they were at home over the other day. I was trying to move his shit from Easter thing and I kept having to front him some fucking gas fees and it was like $55 to swap on man for like 5000 USDC. You know what I mean? Like it's shit that these people don't understand, dude. And it's and it's just absolutely nuts.