Yo-yo what up what up Good morning good morning GMG Tuesday April 23rd 2020 Look at that another beautiful day to have a beautiful day. I got my Co host in the house OSF Mando. How you guys feeling today? Good. How you guys, how you guys doing? Getting there, getting there. Hi, Fernando. Doing great, man, doing great. That's another beautiful day in Sonya Lisbon and. Every day, man. It is it, you know, this is one of my favorite times of the year in Montreal, where the spring is
starting to come. It's nice. This today it's going to be 18° and sunny all day long in Montreal. Celsius that is. I don't know what it is in freedom units, but you guys can do the conversion yourself, OK? It's probably in the high 60s or something. I don't know what it is, but it's nice. So the sun is coming back to MTL Ovi. What are you drinking today? It's a juice. Like beet juice? No, it's black currant and apple. Black What? Black currant and apple?
What's black currant? Black currant? What's that Black currant is? You know, black currant, it's the UK thing. I'm Googling it black. It's like a cherry. It's like a like a blueberry almost. It's more like a Raspberry. It's like a black Raspberry. Interesting, I've never heard of that. No. No Do blackcurrants grow in Canada? Currants are small deciduous shrubs which are native to Canada. Red currants range in size from three to five feet and black currants to five feet. 1 1/2
feet. US tall, taller than US. Many of the color varieties growing commercial plantings of or European variant interests to count them. OK, wow cool. I'm gonna have to taste that. That's a new Berry unlocked. Can't wait. I I I genuinely did not know what a blackcurrant is until now. It's spelled with an ACURRANT. That is awesome baby. Do you know what a blackcurrant is? I know it's a fruit. Now she goes. Yes, the fruit. Yeah. Well, I guess Vanessa knows.
She does know more about all this shit than I do. Anyways, I just love that OV always has a different exotic, like drink. Yeah. I mean, it's like every time it's different. Drake on the show, it's so funny. I love that. Yeah. Quack, quack GM. Everybody hope everybody's having a good time. I did not know Bruce Wayne. Xbi did not know what a black currant was. I don't. Maybe I've had it before. No, it's not. It's not the same thing. It's not the same. See, What the fuck is a black
Curry? I ain't the only one. It's not the same thing. It's not the same thing. Look at that. Anyways, he's cheating on mangoes. That's so funny. No, that's Mandos. Mandos mangoes. There's Mandos mangoes. Maybe we get a rectory black currant taste. I don't know. I don't know. It's like I feel like I just discovered something. I feel like it's a very famous ice cream flavor. No, it's not. You guys ever had blackcurrant ice cream? Very famous. What the fuck is talking about?
Like it's vanilla, bro, son. Come on. Come on, cassies. What's your favorite fruits? Everyone make sure you know what? What's everyone's favorite fruit or juice? Now why don't you write to me at the bottom right And while you're at it, give it a show of a tweet. Today we have 3, three, 'cause we didn't host Friday swing, three robots, robot spins today, and three instead of two on Friday as well. So three people will have a chance to win a crypto punk because last time we did those,
we rolled the crypto punk. You already know the vibes. And I added four punks this time, 44444. There's four punks today. So make sure all you have to do 'cause everyone says it's like, it's like people didn't realize been doing this for two months. We're getting almost half, $1,000,000 away and I'm still getting messages. I listen every day and I don't know how to win. It's very simple. You go to the bottom right of the show every day, you retweet the Twitter space.
Just a purple box. That's it, just the purple box, OK. And then you follow FOMO hour. Simple. You should be following FOMO hour. You follow Robit because I mean, Robit is literally the people making this happen. They paid for the punk. They make all of this happen. They sponsor our show, as you all know, and that's it. And you pray pretty much you follow robot, you fall for my hour, you retweet the space and you pray yeah favorite fruit duck a Laurence crack. I love that yellow passion
fruit. Okay, so yeah, you guys, you guys, you guys write your favorite fruit and make sure you drop a retweet and everything. Anyway, so that's show today, today daily market report as usual. We're looking we're looking good. I mean Solana's decongested. I'm still congested. So you know, Solana gonna fix faster than I did Love to see that Paraguay making moves moves to make BTC illegal tender.
Man, the South South America is really starting to like really do the things properly led by El Salvador. You absolutely love to see it safe, open and and trading at $2.8 billion. Guess what safe is actually our guest today on the show. So we'll be joined by safe. Yeah, safe like SAFE like these safe like I mean the entire rock video treasury has been on no such safe since day one. So I'm actually excited to host to host them today.
And then obviously before that though, outs memes and dreams my new favorite segment instead of calling it left curve, which is called all its memes and dreams. You know, this manic key pop cat dog runes, fucking all this kind of stuff. OPCAT VIP 4:20 There's a there's a lot there's a lot of stuff going on Melania Trump, she's coming back to NFTS on Solana, though. I I don't know, I I figured it's millennia with Melania, maybe drop like BTC runes or something. I don't know.
But it seems like she's selected NFTS and as usual, this show is powered by fair side and film dot IO. Check him out Fair side network and then film dot IO. Anyways, anyways, anyways, anyways without further ado do let's get right. GM yeah, it's been a good 24 hours. It looks like Bitcoin is back up at 67 K Well, it just touched there and it's been just just dipped a little bit lower now, but it's doing good.
Solana's kind of back up to like 160 area, it looks like, or 1:57 and even at 3250. So definitely a better day. Looks like funding is low. We're starting to get inflows again on the ETF. Just how are you feeling? Yeah, yeah, exactly. In terms of like specific stuff that's happened over the last 24 hours, nothing major like a lot. There's been a lot more focus, I think on macro stuff over the last 24 hours. So gold actually had its worst
day in two years yesterday. Gold's has been on a tear like it's been on a crazy year for gold standard already. I think it's already up about 15%, which is quite big for for a year in gold already. And then that was a little bit lower. You have a lot of tech earnings today, tomorrow, the next few days. So I think don't be surprised if we have a bit more correlation to what's been going on in macro.
It's just felt like that for the last few days, like suddenly everyone's paying attention to it to it a bit more. But crypto specific stuff, it all feels good. We have the we have the Hong Kong ETFs coming in the coming days. The ETF, like I said, Grayscale came out and they reduced their fees over the weekend. So the outflow for GB TCI think was the lowest, third lowest since the other ETSFS were formed. So generally a more supportive scenario there for the for at
least for the ETFs. And yeah, just like random, random headlines about how different different countries, different state entities are are being more supportive around around Bitcoin. So everything looks good to me. Like we had a proper flush down there, Bitcoin hit 5958 K and now we're bouncing off the back of that. And to me like funding is still negative or flat across the board. Open interest is down. Sentiment was was pretty bad down there.
A lot of your favorite coins all dropped forty, 4050% even over that time period. And I think if we were going to look back on that and see that was a great buying opportunity. So I I think Bitcoin's heading heading to all time high. I like that. Let's go. That's that's my boy. That's Doug Jesus right there. I actually totally agree with you on the basis of nothing else, but I feel like it's going to all time high as well. Where was it 7370, three, 173, two, I think it's in, it's in
those ranges, right? Bitcoin just looks so fucking strong man. I mean, it's so sexy to watch honestly. Look at, look at, I mean it is, it's outperformed pretty much everything again this year. I think only like 6-5 or six different other old coins have outperformed it so far this year even on that dip. You know, you look at the Bitcoin chart, you look at other like other old coin charts, Bitcoin still looks fucking. I mean, look at this is the dip. Yeah, it's this one.
You're literally talking about this here. This line right there. OK. Then if you bring up E3, bring up a Solana. It's a much, it's a much more like scarier. Right, I see Solana's worse I. Think if you see right and that's the case in most old coins, like if you're in old coins, you go you had a bit of a scary mug. Bitcoin just had like a healthy 20% dip and now this looks like it's ready to just prime to go to six figs in my opinion.
So I think I think this was a really good opportunity to get to get into Bitcoin. Some of these old coin stories, you had to believe there was like some FUD for pretty much every single one of them. You know, Salon had the congestion issues and it had meme coins all dying basically. And then so I think you need those sort of stories for you to get back into things in a bull market. Like you actually need the FUD, otherwise you're never going to
be able to buy these stories. You just have to have the discipline to do it. So I think I think we're in a good spot. I I really do. OK, OK, well, look, I love to. I love to hear that. Love to see that Bitcoin does look extremely strong. I love to say just a little note I'm getting from the back. Yeah, the spaces are bugging. It's not on our hand. It's actually on X's end. I know X was down half an hour
before the show. So first, I mean, it's still showing 200 people on my end, but apparently people cannot hear and, and so we'll have to, we'll have to, I mean, look, it's. I see the bars, I see the audio bars, but I don't know why people can't hear. I can't check, check, check, check. I can hear it from my other phone. I don't know. I can. I can hear it. Oh, Joe Maloney. Look, it's a it's a Twitter spaces problem. It's not, it's not really it's not really our fault.
We can't do anything. But make sure you already tweet the space and and also just come on video. I mean, if you're on spaces, pivot to video. I mean, this show is a video show. Every day your boys are out here doing the doing the thing and and it's working out well. I'll show the broadcasting right now for people. So you can check out by the way, this episode one O 3 Damn, we crossed 100 episodes. I missed episode 100. That's wild. Episode one O 3. Look at that wonderful OV.
I mean, look, Peter Schiff punch in the air right now. Gold's down, Bitcoin's up. I mean, how do you feel about the market? Yeah, I think I agree with Michael. I think we've had some consolidation. I kind of expected some more consolidation, but it does feel like we want to rally here. It's just it's just been frustrating because we have generally seen these rallies get many rallies get sold recently. But yeah, Bitcoin can get above 67 K again and break out this
this range. I think things are looking looking kind of juicy. Do you also think we're headed to all time high? Yeah, for sure, absolutely. Like I think whether I mean I'm sure we'll hit an all time high this year, new all time high this year in I believe we'll see that in not only in Bitcoin but also in alts. We haven't yet seen it in most alts. The question is do we go on to hit an all time high from this move higher? I'm not convinced, but I'm
definitely not complaining. Like I'm positioned for it. But yeah, let's see. Like I'm not, you know, I'm just holding spot. I'm not really trading on leverage or anything. So I feel like, I just feel like we have still have a bit more consolidation to come. But you know, if we go, if we go to all time high from here in a straight line, I'm not going to be complaining. Let's put it that way, yeah? No, we're still looking. We're still, we're still looking at H100K.
What? Yeah, I think, I think so, yeah. There's a long time left in H1, you know, we didn't, we didn't get, didn't quite get the Q1 in, but there's still a long H1 was kind of like my more expected call. Yeah, I think you're fine. Don't worry. I think you called H1 on the record. Don't worry about it. We don't have to say that you corrected to Q1. I, I think we, we, we all, we all booked our, our, our Q2 predictions. I have them written down. So we're, we're going to see
where we're headed. But it's definitely looking good. When I look at at there was this post about corn glass and liquidation heat map 24 hours. I mean everything everything that he has we're talking about right is looking kind of full steam ahead. You have Byzantine general saying that we're getting paid to long Bitcoin 66 K. It's not that bad. I love comments like this because person is you're betting getting paid to long the top. I I don't really think it's top
here. There's so many people calling top, but it's pretty funny. I don't know how you guys feel about that but we hear that so much. Everyone likes to call top right now but stuff like so many alts are lagging. Too early. Way too early to call the top. Like I just think there's so much more to come and to happen to want to call top right now. Yeah, yeah, yeah, yeah. It's, I mean, the rest of the market is not like doing a mate that incredible, right.
It's it's not like everything else is, right. It's like Mando was talking about Bitcoin dominance now strong Bitcoin has been so that's why it's been strong. And then you have, you were talking about this over yesterday. So how were the inflows yesterday? It looks like we're back on the positive side. Yeah, 2 days of positive inflows in a row now. So they're not big numbers still, they're still pretty small, but it's encouraging to see, you know, if we get another day of positive.
What I'm trying to look for here is trends. And like if we have, you know, we, we just went through like 6 days, about 5 days of outflows, which is not great, even though there's numbers of small. So we get 5 days of inflows and I think people start to get a bit excited again. What this does tell me, there seems to be a coronation with
inflows and funding rates. When funding rates are high, you get a lot of ETF inflows because people are putting on that basis trade and now that funding rates are quite neutral, the inflow numbers have paused quite a lot because that trade is less attractive to put on The basis rate I'm talking about is, is buying the Bitcoin ETF versus selling short futures and and capturing the funding rate in between. So that's another thing to keep an eye on.
I think like if funding rates do go higher, it doesn't feel like it feels like funding rates will stay this way for a long time because I think there is, you know, for every left demand of levered long, I think someone is now willing to take the other side as a delta neutral trade. So I, I suspect we'll actually see a long period of like very neutral funding rates for a long time. But I think people should not confuse that with risk being low.
I think gross risk is very high. Yeah, look, we'll see where that heads. But we're looking. We're looking great. And then I read this article today. It says Bitcoin's post having demand to be five times greater than supply per bit, Fenix estimates. What do you think, man? It's not. It's looking. Everything is looking pretty good here. It's pretty doomer. Headlines last two weeks, but I'm not gonna lie, this week's looking like the sun is shining on Bitcoin. Yeah.
I just, I think this, this is maybe slightly, I don't know, I don't think this is very sophisticated argument. Yeah, that's what I would say. Like the supply of Bitcoin, Yeah, you get supply, but that's that's assuming that like there's no Bitcoin in current circulation. Right. Over 95% of all the bitcoins in
current circulation. So you have no concept of what the supply of Bitcoin is to say like the new supply versus new demand is. But like I don't know bitcoins, most of the bitcoins circulating. So I don't, I think that's kind of lazy analysis in my opinion.
Well, the other news, there's two other news I saw on on Bitcoin here is BlackRock Bitcoin ETF is halfway setting new record despite the most Bitcoin TF seen outflows recently, BlackRock spot Bitcoin TF has seen expressive inflows And the other cool headline I saw this morning actually was PayPal. PayPal wants to give green Bitcoin minus extra Bitcoin rewards.
It's pretty cool. I mean, these guys, these guys are pretty I actually met with the guy who leads the PayPal stable coin in Dubai. They're they're pretty involved on their end. So it's something you absolutely. It's really funny. That that whole narrative is just diet and crypto, or at least like, do you remember when NFTS everyone used to bash NFTS for for like their environmental damage? Yeah, the green narrative. And remember Tezos?
Right. And now everyone's on Bitcoin, which is proof of work and does way more like than ETH and no one. Mentioned it, no one cares about Earth when price goes up. Word since ordinals happened and yet it was bashed like they used to bash ETH NFTS like every single day with it all these like so many different creators that are you killing the environment and there's suddenly ordinals, which has been the biggest thing for NFTS for the
last, I don't know, six months. I haven't heard one person, one person. Dude, because prices are going up. You only complain about things when prices are down man though. Get with the program. Get with the program. You're not. Honest, I don't think, I think, you know, I think Bitcoin as a financial system is far less, far more environmentally friendly than the current financial system.
That being said, I just think it's funny that that narrative just like no no, no one mentions it with going crazy. Nobody cares, dude. Nobody, nobody actually cares. They care about their backs going up. The whole like the whole Tesla narrative back then was a not even going there, but that was a whole other economy. That was a whole other thing. Like all youth. NFCS are bad for the environment. Look at Tezos and where's Tezos now? Like I mean, I think Tez Pole was top there.
I think it's it stopped a lot on that front. Anyways, looks like another country in Latin America wants to make to legalize and recognize Bitcoin as a legal tender. Paraguay. When are we making a trip down there? You guys ever been to El Salvador or Paraguay? I feel like Mando's been. I mean, I've seen Mando's passport. That shit has that shit has stamps out the way. What have I done? Hold on. What's going on? I clicked the wrong button. Mando.
I mean, you, you've you've been around the world. I mean, have you been to Paraguay or El Salvador? They're nowhere near each other, just to be clear, but are you? Still near each other. You've been to Equas 2 falls, right? I have, yes. Just on the famously on the border of Paraguay in Argentina. It's on the border of the mall. So yeah, look, I, I've, I've not been to Paraguay. I've been very near to Paraguay. I wouldn't say Paraguay is. I don't even know the size of
its economy. How big is the size of Paraguay's economy? Paraguay GDP $41.72 billion. All right, that is, that is very small in in global. I mean, I think, I think like the US. Has the infancy worth more than that once? The US is giving more money than this the Ukraine just last week.
Yeah, exactly. So I think it's it's more it signals that it's, you know, another economy that may be looking to do it. Argentina obviously did it more recent move to do something quite similar, at least be more crypto friendly more recently. South America does seem like a bit of a, you know, a hotbed for, for for crypto for sure. Yeah, I mean, you actually love to see that.
Look, if they make the, I know you know these crypto, I meant first they'll live anywhere as long as they're they're set with their crypto. So look, it looks like these countries are kind of like gambling on that, right from El Salvador, we reported last time we're giving like 5000 visas away. So people want to come build there, etcetera, etcetera, etcetera, go. So there's a lot of love that going on there.
And then on the crypto side, I think, I think that's mostly like most of what we've seen aside from the fact that it looks like Solana's fully fixed, right? Like I saw a Mert post this morning saying that, you know, it took ten days to complete fix the congestion, which is a good start. Obviously, there's some work to do, but seems like everything's back to business, back to normal over there, right? Yeah, I don't know what exactly they did either. They seem to have fixed.
It Oh, you did it. I think they blew on the cartridge. They, I think Raj. Sobe was like flooding member of like the the fix that they were using, like it was like a very centralized fix. I don't think, I don't think I'm really fighting that. Solana is like not that centralized, but but the yeah, they fixed it for the time. Being but that's the but this is the future of France. The dev net went down last week, the main net went down a month ago, and you've had the issues
with congestion. The last couple months have been a little bit tough for the Solana tech story, I would say. But that's why it was a great buying opportunity, because you can believe that they they're going to fix it and you're not fudding it at 1:15, you're buying at 1:15. So it's fighting at 1:15. It's crazy bro. Did did any of you two manage to catch that? That like sharp dip. No, some of it, yeah. You got some. I wasn't.
I was away, so I listened to my rule actually this time around of not touching anything while I'm away. So that looked good. Look, our our, our, our. Anyways, so anyways, that's that's where the majors moving on to alt memes and dreams. Well, the duck still quacks, so that's good. That's that's looking good for sure. I love to see what I'm saying. Amanda, what are you? Are you learning anything? What are like some of the latest learnings from Being Solana's
hottest Need Point devs? Oh, you know, this is so much shit to do, man. Like honestly, you realize that there's actually quite a lot to do for this sort of stuff in terms of like getting all the listings, getting it all, like all channels done. Force your hand like do do exchanges try to force your hand and stuff like how does. This work, dude, everyone, everyone wants a little
kickback. You know, everyone, everyone wants a little like, oh, can you pay us this just to like we have an administration fee Like it's just like. Is that how it works? Do they? Do you regret burning like 15% of the supply they want? Like could that have gone come in handy? Of course, like the only, the only, the only supply I've given without the gift exchanges is that which I have bought. So yeah, it's, it's been, it's been definitely my own back.
But like there's a bit of that, but I don't know, it's fun. It's it's still getting fun. Like I think the this has been still like, I'm still super bullish on this thing, so. I I love that look, as long as you're bullish, we're bullish, right OV? I like, I like having, you know, being able to like direct it I. Mean you you look like you're having the time of your life, like I just honestly, you look like you're having in my in run from like that first week.
I remember how like stressed out you were and how like cheesy were by with it. You look like really like not great, and that looks like everything's just and you look like you're thriving. I'm seeing like every morning I wake up, I see, I see the posts, I see posts in Chinese and shit and I'm just loving it. A weird one like like so this. This is something that's happened over the last 20 for hours and meme coins is that a lot of Chinese coins pump.
Let's talk about that right. So because that was going to be one of the topics today for all its memes and dreams segment. We saw multiple them Bao mana key. I've none of those. Actually fun fact, there was a point in time where I was top 5000 of Bao. That was a point in time. Definitely not anymore. And I wish after I saw a chart yesterday. So what was going on like what was what is that?
Is that some narrative like people on Twitter trying to push up or is this like, is there like, 'cause I saw, I saw the Maniki launch, which was yesterday or something. Didn't did like $230 million volume. There you go. Tyler had posted about it. So Maniki saw staggering $230 million in volume in his first day of training. That's more than the next 10th of a lot on leaders saw combined on a pretty high volume day. It's currently at $110 million in climbing.
Did you guys catch any of this or what? So I I didn't, it just kind of popped off. I actually asked, I asked like the the guy who helps the Rogue Radio China team, he also helps our telegram and he said that it didn't come from China, it came from South Korea. He was like the influencer that said like help lead. This was actually like a South Korean influencer that helped Bush it that one thought it was China and he was like, yeah, I
don't know. Which just kind of tells you that we're probably, we're probably just over generalizing here, but it definitely, definitely did come. And a bunch of there are like a a few different coins here which are popular in China, which which moves pretty aggressively. But yeah, Maneki, maneki. Yeah, it's so yow Beaver. There's a few of those that are like it's.
Even like Popcat, right? Popcat's the is is super popular in China. So it's that, yeah, like I guess like the number one meme in in China, like it's it's like always at the number one of all the different. That's why that popped. I had a bag. I had a bag of pop at some point. I mean, look at that comeback. It's four ends from the lows. Look at this. How crazy this part is. Look how crazy this is. So that's got a big channel community knob cats well did well.
So like a bunch of those China? Which cat is on a billion first? Can we just talk about that for a second, lads? Like there's so many cats. I feel like they're like almost eating off of each other's meals at this point. Like which cat's going on a billion first? There are a lot of cats, right? I don't really know. I don't. I'm not really a cat guy so. You won't be a cat guy. There's scary little bunch of
stray cats in Dubai, bro. There was one of them that came up to me. He looked at me weird. Bro, I thought that shit was going to fucking jump on me and rip my face off. I don't know. I. Think you either have MEW right which is like the ship Cabal. You have Popcap which is Asian. Another cabal. Cabal you have, I guess there was some other ones right there was like keyboard cat which never really that was like. A cobs is dead as well. The base mean that people tried to make happen.
You have the knob. I love the fucking knob knob. I don't have any left but like I really like that meme. That's a good team in my opinion. Like I think they're they're like they're actually funny and the artist like produces content every single day. So I like knob out of all the cats, although it's easily the lowest out of all those cats. It does. It feels like there was a cabal at the start and then it got decorated and then I don't really know where it is right
now, but it's. Back up pretty it's, it's back up pretty strongly. I mean it was down to the 30s as I'm active to say $2,000,000. On the quality of the content, I would say that that's my favorite one. Yeah, the content's pretty good. I mean, OV shit coin con masar. You know, you have one of the highest feel like PNL's in this game. What's your favorite cat? Don't like any of the cats they all they all of them feel. A bit forced, I mean. You're, you're still, I mean.
It's yeah. This is a cat coin. I have a dilemma with mug if it counts as a cat coin or not no. A cat coin. It is a joke. It's. I think it's not necessarily AI, don't think it's viewed as a cat coin. It's not as like running of the cat coins, but it is a cat. The the logo is a cat, so it's a joy cat. I think it's way better than all the other cat coins. My problem with all the cat coins is they just none of them feel natural. They all feel forced.
They're all like, oh, cat coin, let's make a cat coin. Let's win the cat coin game. Like there isn't anything that feels like fun or natural or organic is the wrong word because I'm sure some of these do have organic volumes and and communities, but I don't know for meme coins, it's just like for me, it's like. It's like 75. Percent of it is is about the vibe and like, do you find it funny or do you find it relatable or do you?
And if I don't connect with something, then I just don't really get involved in it. And that doesn't mean things I don't connect with don't do well, because I'm sure there's plenty of things that will end up doing well, but I just personally haven't found a cat coin that to me feels interesting or organic or funny. Like, you know, I think the epic duck stuff is like a billion tons funnier than any other. It is. I mean, that's hilarious.
Maybe I'm biased, but it. Is it actually makes me laugh even like a a knob cat you. Should follow it. It's actually funny. Yeah, I, I, I have. To give him credits as well. And this is not coming from a bag bias perspective because there is no bag I love you. They're they all they comment on their all my shit and I have to say it is hilarious. It is. I took the trade a couple times. I was pretty early to it at some point because I saw Beanie pumping his bag.
So I bought in 1015 million when I was in Hong Kong last month. But it's, I don't know it is. It is very hard to make OSF laugh though. I mean, just gonna see. He didn't. He didn't even react to the crypto punk win last week. Did you see that man? Don't believe in emotions. What the fuck? Bro OV's child is about to be born soon and like he's going to be born. OV's going to be like. His wife's going to be crying. Like, Oh my God, my baby girl. And then he's going to be like, it's.
Literally going to be me stoic. As well. Yeah, it's literally going to be me. He cares about RLD. Sales that's why someone wrote that he's a little boy more rational when those happen I mean a little bit a tiny bit yeah actually, you know what that's not a bad idea. I mean Mandos Logan you is is is is saying we should do collab with nub Could be fun. Like cross pollination of meme coins and brands like that. They do post under my, my, my post a lot.
And even under the the duck, I think there's a there's there's like an unwritten alliance between us two that we actually put out OK content versus just like some random, well, it reminds me of like Mog. With and like and the puppets when they they were like, it was a lot of social interactions like that. Like I can just feel it. I'm actually in one of the knob coin like groups as well. So I. Love that let's.
Go, let's go. That's my that I was always curious, you know, do meme coin dev like fuck with one another, you know, because I know at some point that the ducks were fighting on the timeline. You know, I have a bigger duck. They. Were just fighting with us, but yeah, it's always like. Definitely a fan. Of Knob cat. Knob Cat holders by duck. There you go. There you go, and. Vice versa. This is so funny. This is I like meme coin dev. You guys should create a meme
coin dev alliance. Alliance, Yeah. And the alliance of of. All the meme coins that are like, you know, affected just like do a. Token merger. What? One stage token merger, Yeah, I mean. You know, maybe Epic could acquire Nope. You know, I don't know, in this community under one umbrella company, you know, where Mando's taking this very seriously, Like he's already talking M and as he's already talking alliances, he's already talking partnerships.
And this is crazy. Like someone asked me and do I like, yo, how serious is Mando about this thing? I'm saying go say bro Mando's as committed to epic duck than I am to rug radio shit. They were like. Oh my God, that's actually it's definitely. It's definitely something I'm spending quite a bit of time on, on a date which I mean mando. You said that the biggest narrative this this this cycle's going to be meme coins.
And then there's this tweet that was part of our topics today that goes from trading vapors, saying meme coins are becoming a black hole you cannot ignore at this point. Simple and on chain ponzies more sustainable than pull pull two farms more liquid and FTS safer than D5. So no smart contract risk, no inflation or insiders dumping on you via SAFT. I mean they yeah, I mean I don't know about that one. Like low flow with high FDV new coins. This is true.
Better odds of winning than IRL lottery and sport or sports betting facts. I mean, casinos are bleeding right now when it comes because now now it's a bull market saying they're absorbing liquidity and mindshare from all these venues and the skill some of them will reach the cycle be expectations. My prediction is that we'll see at least three meme coins above $100 billion market cap by the cycle top. You can bookmark this.
I mean, what are your thoughts on this Mando because you had similar comments not like this, but you really make quite a statement on meme coin the other day. I think meme coin will be the. Biggest sector over the over the medium term, like alongside probably L ones I've seen other sectors I think can challenge them over over the long term. I think they're going to be bigger than than most others.
If you don't count stable coins because I think stable coins is like its own sector, but I think they'll be bigger than D5 coins. I think it'll be bigger than AI coins. If it'll be bigger than than social fi or any of these other like sub categories. I think meme coins will be the biggest Beanie and beanie put out an interesting post over the last 24 hours where he was like, I don't I don't want. I don't get why people say that Bitcoin is not a meme coin. Bitcoin is a. Meme coin, right?
A coin was created to stick it to the financial world as AI think, he said. Why do bit bitcoiners get so mad when you call it a meme? I mean, it's literally a meme by definition. What makes it a good mean is the altruistic actions of its founder and the fair launch and distribution. But it's still a meme. You can write books about why it's not, but it still is. I agree with that a lot. Like a lot.
Yes, it was original. So like the revolutionary bit is a decentralized Ledger, but the actual value of that Ledger is a meme. There's nothing intrinsic about it. There's nothing intrinsic about that. So I, I, you could argue that a lot of this space is just mean. You're creating, you're creating currencies out of nothing, right? You're speed running value, value creation of currencies. Like, why would I, why would you value this if I'm transferring
it to you? The only reason for that, originally it was gold and then we moved away from gold as the standard. So now we all just have faith that the dollar is worth the dollar, the pound is worth the pound. There is nothing backing up Fiat currencies. They are arguably also memes. And I think meme coins have just become a speed running of that, that exact same logic. Like you can, you can, You Can Dance around, but the logic is actually the same.
So I, I, I think meme coins as a sector, arguably you could say they're already the biggest sector in, in crypto because Bitcoin is a meme. And that's, that's what people throw at us as anyway, right? Like you had Jamie Dimon coming on last week being like, it's a Ponzi, right? It is a meme. We all have to believe it's worth something and there's nothing intrinsically valuable about it. He's, he's right about that. But that doesn't mean it's not valuable.
That just means like, that's it. That's him basically coming on and saying, Hey, the dollar is a Ponzi, which it is, but it's printing more and more and more and more and more. There's no intrinsic value to it. We all just have to believe it has value, right?
That's how currencies work. So yeah, I'm a, I'm a. Believer in. Meme coins having value I I would argue that Bitcoin is the original OG meme coin and that everything else as well in this space as a as a form of exchange, which I believe is like the best use case for crypto is a we talked about that on my paddle and. In in Dubai where like this guy was like, well, meme coins. Like Bitcoin is a meme, right? It was used to stick to the man originally. I mean, oh, do you think Bitcoin
is a meme coin? Yeah, it's the OG. Meme coin. It's literally the OG meme coin. I love that. Do you think meme coins will be the biggest sector in crypto? Not counting L ones and like and stable coins I still think. I mean, I don't know if they will become the biggest sector, but I still think we've seen some meme coin action this year. But I don't think we've seen the full extent of it really. I think we will see some crazy stuff this year. I still got a feeling that we will. Yeah.
All right. Well. We will, we definitely will. And in other news, I mean, if I keep going on the on the old stuff you have, I mean, what do we have? We have on the NFT side, which is really it was a big punk hoodie sale, sick the choker hoodie sick punk sale $600,000. So love to see that as punks grind lower guys. I don't know if you guys saw, but punks floor is sub 40 ETH now you're looking at 30 seventies, I think for a floor punk at the moment.
And I've I I've I haven't seen that many lists in a long times. 1044. It was like 8 to it was like 809 hundred for the longest time. So a lot of punks are starting to to to list. Maybe a lot of people are gonna be more liquid for stuff that you guys are talking about right now or runes, etcetera, etcetera, etcetera. So there's that. And then on the runes stuff, the latest news was really Magic Eden, right? Like you're 3 days in. Everybody's saying runes are impossible to use. They are.
But however, it seems like, you know, Magic Eden launched A runes marketplace again, Magic Eden just on top of it. When it comes to big, I think Magic Eden is like responsible for most of the NFC volumes at the moment. They're on top of it. So if you go look at runes here, you can lead just like buy, sell and trade runes on on ME, which is pretty cool if you ask me. So looks like that's that experience is going to get easier and easier.
Look, you can see by spending. You can see everything. There's going to be a swap function. So I guess like sort of like a unit swap or Jupiter, like a dex for ruins. And I know for a fact that ton of dexes are on the way out. So that that's that's pretty much still going on. Obviously still have to wait for a bit. But when it comes to volumes here, we're looking at still RSIC making being number one in terms of volumes. Toshi Nakamoto coin, which
obviously doing extremely well. That Bitcoin pepper matrix, I think it's just a meme coin, right? And this was the first room like the ZZZ Figgy or whatever think this was the first rune ever. So there's that. There's a bunch of them, however, so obviously you got to still be aware. And I would, I would just be patient here. Personally speaking, I ain't doing shit. I'm just waiting.
And the big news on the Bitcoin side yesterday was actually Ooty, Ooty again, introducing VIP 420 formal Bitcoin improvement proposal for OPCAT. It's a historic day today. After a long wait, the OPCAP proposal formally received the VIP number Meet VIP 420. VIP 420 enables covenants on Bitcoin, allowing for smart contracts, secure bridges on chain trading, ZK proof verifications, and more. I mean, look boys, it looks like Odie's going to be a billionaire
by the end of the cycle. You know, maybe the first cat to a billion is actually on Bitcoin. It's quantum cats this entire time. I don't know what you guys think about that, but you know, everyone's talking about cats. Looks like that's the cat that's doing the best right now. So it's very interesting what
they're doing. I think it's really fun that they managed to secure VIP 420 and and obviously big kudos to to UDI and team on that front because they're absolutely fucking crushing it on Bitcoin anyways.