Oh, yo, yo, what up? What up? Good morning. Good morning. M G. On Friday, Thursday, Thursday, Thursday, Thursday, April 25, 2020. Look at that. Another beautiful day to have a beautiful day. I got my cohost in the house, OSF Mando. How are you doing today? Good. Hey, guys. I'm vibing. I'm thriving. How are you doing Mando? I'm doing great, man. Yeah, really good. Dude, the sun is shining in New York City, like shining,
shining. I went through a walk. I went through a walk in Central Park today. Oh, yeah. That was nice. That felt nice. Who took a screenshot? Me. Don't, don't, no screenshots. No screenshots allowed. No screenshots. Did you take a P &L screenshot? No, no, God, no. Okay. Okay. It was not. Okay. It was not. It was not duck related screenshot either, right? Maybe. But not about the price. Oh, no, no, not price, not
price. Just, just making sure, just making sure over here, because we heard that. And I was like, holy shit, holy shit. Duck Jesus working, always working. I made it into the show. I already think about next piece of content he's creating for the Epic Duck account. Speaking of which, I can't stop laughing when I open the account. Like it is, I think top five X accounts right now. It's,
it's one of them. It's so funny. It is so funny. Who gets the night shift? Because last night the duck was on fire and y 'all were all asleep. So the duck in turn is many people. It is many people. I like that. You see, that's what you call, wait, did an alien just sell? Okay. We have a lot to talk about. We have a lot. Oh, that was Deepak's. Holy shit. That's a big loss. I guess that's a good, that's
a good loss. Anyways, okay. Okay. Hold on. Hold on. Wait, we got, okay. Today on the show, wow, I didn't realize an alien sold. Today on the show, today, today, Daily Market Report, as usual, crypto, macro. I mean, we're going to talk about why the fuck we're racing at zero. Oh, we had a bunch of tweets this morning about macro and crypto trading like garbage. I definitely want to hear from you about what's going
on. You got Wizard of Soho, not about his tweet yesterday, but talking about stack flation, whatever tweet that was, we're not going to cover. That was crazy, bro. This guy's unhinged AF. And then alts, memes and dreams, hot coins, maniki, epic, moomoo, nub, all that good stuff. Hot NFTs, bake, promotions, make all that good stuff. Maniki hit the quarter billion dollars. Oh my God, dude. How
do I keep missing generational wealth? Dog coin, so that, that ruined from Leonidas doing pretty well. Got a gate listing, launched $300 million. Futures, we futures, big and straight on Coinbase, with what is crazy is honestly, meme coins are literally outperforming the entire, all the majors right now. So we're definitely going to talk about this for a hot
second. You have so mo launching for portal stakers, runes are 60 % of Bitcoin transactions after launch. And it seems like there's a bullish sentiment returning to ETH NFTs, but also at the same time, you get that whole ETF conversation. Again, going around the board. And anyways, there's definitely lots of stuff to talk about. And as usual, this show is powered by airside network on X, wallet coverage, for
drains, scams and more. Protect your shit and film. Film .io, the world's most powerful decentralized filmmaking ecosystem. I really appreciate the interview with them yesterday. I like the creative mind. That guy had the hair going, he's got the fucking beard going. It was funny, but he's also building something really cool. So make sure you check him out. We love our partners. We
love our sponsors. And you know what? I'm feeling generous today, but I'm going to change things up. I'm going to change things up today. I'm going to post a broadcast link and then I'm going to give $250 away, not to somebody who retweets the Twitter space is. I'm going to give $250 away. I'm going to change things up today to someone who retweets my tweet about the broadcast. So
I'm going to post it in a second. And then I'm going to go because I can't type too much on my computer. Anyways, anyways, anyways, without further ado, let's get right to it. I don't have my road caster. So dum dum dum dum dum dum dum dum dum dum dum dum daily market report. But you buy. Oh, SF. Oh, we talked to him. I'm kidding. I'm kidding. I'm kidding. I'm kidding. Can you dig it? Yeah,
so market not trading so well. What was seemingly a nothing then turned into ETF outflow. We're 120 million outflow yesterday. BlackRock. notably had no inflow for the first time in 72 days. It wasn't an outflow, it was just no inflow. And then you had the ETGF, an article by Reuters, saying that most people, most of the ETGF issue is now I think it's gonna be delayed. There was nothing from the SEC. It
was just from industry sources. So people who was in crypto, they think it's not gonna happen. But I haven't checked Polymarket, but I would imagine it's gone even lower now for that to happen. And then thirdly, you had this GDP print, which just happened, which is more of a macro headline, but I think it shows slightly lower growth, about 2 % or 1 .9%, I think it was growth, and then slightly
higher inflation. So everyone's gonna be talking about stagflation. There's been, that's been the word on a lot of people's lips for like many years now. I don't think we've really, we can really say it's stagflation with inflation at 3%, but I do think that people will be worried about it. And you saw the bond market yields went a lot higher again. Basically people assuming that the
Fed will not be cutting rates this year. So that's where we're at. Bitcoin in that environment sold off a little bit. Altcoins again, slightly underperformed. ETH went back down to about 3 ,100 on that headline. Solano I think went down to like 140 area, 142, and Bitcoin is kind of hanging out at 63 .5K right now. So weaker market feels like a few different things causing it. Again,
I'm not overly worried about this. You also had some tech earnings yesterday, you had Meta which performed, their earnings weren't great just from the cash live burn and some of their divisions, but that stocks haven't had an amazing day either. Feels like we're not, nothing's too bad, nothing's too good. We're kind of just hanging out here. We're just chilling. We're just chilling. It's pre -selling main go away. That's
what we call it. It's pre, pre that. I think nobody should sell. I actually came in New York Mando for a very important cause. I'm gonna go talk to the bankers on Wall Street and I'm gonna tell the burgers to stop selling. That's literally my mission here. I was sent on behalf of crypto Twitter. I'm an official representative. I'm carrying CT on my back. You've seen the photos of my back yesterday. It's
getting pretty strong. So I'm going to carry that and go and talk to the burgers on Wall Street and tell them to chill. I mean, what's causing all this self? Do we know? I think Ovi, not to throw a curveball at you, but you talked this morning. That's why I went to go to you. You had some comments about all this. So what's happening on that front? I just, people are so stupid. Sometimes that really, really annoys
me. Like... Tell me how you really feel. Tell me how you really feel. Everyone's like, oh my God, stagfation. It's like, mate, we had plus 1 .6 % GDP growth. And fasion is 3 .4%, 3 .5%. Have you, do you understand what the definition of stagfation is? Stagfation is unemployment. By the way, labor market is fucking strong in the US, but stagfation is unemployment and inflation. We've
literally had almost 10 % inflation in the US. And now when it's at 3 .5%, it's like, oh my God, stagfation, it just makes zero fucking sense. I just don't understand. It's just like, I just see all these bears in my time and I was like, oh, snow soft landing now. We had one, we had one, not even a week, economic data print, by the way. Like we've had multiple, multiple, very strong
economic data prints. And we have one print, where GDP was 1 .6 % growth, by the way. Like it's GDP growth, which we're addressing there. At last, that was 3 .4%. At last point, it was 3 .4%. And you're like, that's 3 .7%. Yeah, it's not a bad number. It's like, maybe it's not as crazy, it's not a crazy high number. It's not a bad number. You can't possibly say, oh my God, it's not a stagflation recession. I
love this. Yeah, it just makes zero sense. I completely agree. I'm here for that energy, man. We're way getting over our skis here with what we think stagflation is. Basically what I was saying, like inflation, we're at 3%. Like the actual, the Fed want to get it to 2%. We are 1 % away from where the Fed's actual stated goal is to get it. We're not talking about it being
like 10 % away or 6 % away. Like they're very, very close to where they even need it to be. And the economy's been like doing incredible. It's been doing very well. 3 .4%, that's outgrowing pretty much every developed nation except China. So - That's crazy. Oh, and maybe in the other, I don't even know if you've got your class interest at the stage, but yeah, they
are doing well. So what the fuck then? Like from my perspective, I don't have your knowledge or understanding of stagflation. I did study through all these crazy words in school, but I don't really give a shit. But like why then? Like is this manipulation? Is it like, you guys are making it seem like, not making it seem, it's a fact. The American economy is healthy. The American economy to me looks much, it looks
strong. It looks stronger than many other places, at least from the headline figures. That being said, the stock market's at an all -time high. Every single asset imaginable right now is at an all -time high. So like small wavering can mean they can go down without it's meaning we're heading to 1970s style stagflation. Like one economic print of slightly lower growth than what was predicted does not
mean that we're suddenly heading to the 1970s. Like it's been years of strong data. It's just that everything's at all -time high. Everything. Bitcoin, gold, stocks, all at all -time highs. So you're just coming down a bit. This is wild then. I mean, from what I'm hearing here, everything's fine and people are just tripping. So I'm actually, I love this reaction. I have to say, Ovi, that was
great. We needed that. We're gonna clip that in the back and we're gonna post this shit. That's not, I just noticed that Wiz posted about it. And I think Wiz is either just trolling or just like. No, but he loves, I mean. Yeah, so that's not aimed at, definitely not aimed at Wiz, but it is aimed at everyone else in my time. A little bit though. I mean, you can throw jabs at your buy. It's okay. You
can throw jabs. I've not even been on Twitter, but on another show. So I have no idea what people are saying. It's maybe just, it's maybe just, it's not stagflation. Look at that. Look at this. He hasn't said it's actually stagflation. He hasn't said it's stagflation. He did. I mean, he twisted the group chat last night. No, no, he texted the group text this morning. GDP is not down, by the way.
That's what we're saying. Unemployment is the lowest it's been for many, many years. But what a, why is he, did we miss? Did I miss, what? Man, you guys, you tarred fires in all your terms, bro. You're killing me, man. It's a miss. And I do agree with what he's saying here. Like I agree with the sentiment where it's a miss and it does mean there's a higher
chance of rate cuts. But I wouldn't be thinking like, oh my God, this means stagflation right now. So what's up with this, right? You guys, I know you follow this pretty closely by doing yourself as well. OV went some pretty big moves lower on OI across the board. Got to be healthy from positioning standpoint, yet crypto continues to trade like garbage. I mean, so why are we
trading like garbage? Like I'm just trying to get to the end of this. Like you guys, everyone's bull, like honestly, everyone who I think is somewhat smart on the timeline is bullish. Anyone who doesn't know what they're talking about is trying to make bearish trends, but that's the bearish. They love coming out hibernation and post like bearish, like make the charts look like
they're going to CRL. So why? Because what we said yesterday is that the buyer of your old coin, even your meme coin is not sticky. We've been pumping our bags between each other largely. We haven't seen this massive increase in number of people who are involved
here. So Bitcoin looks okay. Bitcoin looks like it could go to 100K, but that's what we're all kind of hoping on. Like people are feeling the pain because many old coins and then even Ethan Solana, like they're not trading that well. And like they have an adoption part, but a lot of everyone else's bags are not trading well. Like really, really not trading
well. So the pain of this, like Bitcoin's caught a cold, even a light cold, but we're talking about a 10, 15 % move from an all -time high and shit is down 50%. So everyone's like freaking out. That looks like a perfectly strong chart to me with Bitcoin. It's just like a consolidation period. Like we've just hit an all -time high, then we hit a lower high. And now we're like in this channel now, but yeah, like
nothing points to me. Like we're just going to like absolutely wreck it. Like nothing. There's a tweet I liked this morning from Simp. He goes, two cycles with low volatility, like crab market for the first 50 days post -having. One cycle with the spike down for the first 30 days and then another 50 days of crab market before up only. At best, at best past cycles tells us, tell us to take a step off the accelerator
while we work the price. The crab can pitch post size longer than you can stay liquid. I know Ovi, when Mando was not around, you were saying like, yeah, I don't really look to like previous patterns in cycles to what's going to happen this cycle, but what do you think Mando on this? Like is it probably one of the situations where you're better off just not do shit than September is going to just be like
ridiculous? I don't generally look at previous cycles and assume that we are going to be the same. Like I think that's, some people do do that. We've only had four cycles, right? Four halvings. So like the statistical data there, very low, very, very low. Anyone know statistics? Like if you have four versions of something, like it's not like you can sit there and go like, oh, this is
statistically significant. No. So I wouldn't point and be like, oh, this is going to be as active as the last time. Like it feels very different in terms of flows to a lot of the last stuff. I think people who assume it's going to be like the last time, like if you assumed you were going to have an old coin cycle, if you assume that Bitcoin was going to have a, wasn't
going to hit its all time high before the halving. If you assume, like you've just been wrecked. Like all these assumptions of it would be like the last time, gets you destroyed. So I wouldn't assume that at all. I think for me, I'm just looking at the flows. Obviously the Bitcoin ETF flows have slowed. At the same time, I see all the big wealth management arms now pointing towards
the fact they are going to initiate buys. And then you have on Monday, I think it is the Hong Kong ETFs are going to launch. I think we're in a strong scenario still for flows here. I think it's still still so steady in flows. It's been slightly diminished and part of that's the macro. Like the last three weeks have definitely been weaker from
a macro perspective for stocks. But yeah, I'm still, I'm still super bullish on Bitcoin going high. Did you just find it a little ironic that before the ETFs and this and that, we're like, oh, we don't care about Tretvi. Oh, this and that. And now that we have the ETFs, like the whole timeline cares about micro so much. Like I can assert amount of caring about macro. Is that ironic? It's
only been the last two weeks, right? I don't know. Like a lot of people are like obsessively obsessed with like macro and trends and like what's going on. Honestly, and since the whole like Middle East flare up, I hadn't heard people talk about macro for a while. Like that was the first time. And then suddenly it was like, fuck. All right, we need to stop paying attention. Yeah. And then then it's really
like we sold off yesterday because of Meta stock. And I was like, what? Is that really why we sold off? We sold off as soon as Meta earnings came out. Like we Bitcoin sold off. And I was like, wow, I haven't seen stuff like that for a long. We have the Coinbase earnings on May 2nd. You can only assume those have been up because of the 11 ETF issuers kind of using the custody and everything. So
I think so that case. I think it's legitimate, basically, what I'm saying. And people are caring about it because suddenly the correlation to stocks, particularly tech stocks, is gone up quite a lot. After a period of it having basically no correlation, had much more of a correlation to gold, actually. And
what's really broken down is that we are gold. You know, gold's still near its all -time high or has been pushing closer, it's all -time high and Bitcoin kind of lagged and traded much more like stocks. So I think that's why people are suddenly caring about all this macro stuff. Each of these data figures suddenly is a very, very big deal again. Yeah, I don't know. I just find it ironic.
However, we have been covering those macro trends for like two years now on here. So, you know, anyway, just a reminder, Goddamn, there's a lot of people watching on video. See, all I have to do is give you guys 200 bucks and you guys finally move the video. Look at that. Love you guys. Well, at the top of the spaces, you know, I posted the video link. One retweet. Hold on, hold on. You have to retweet and you
have to follow us. Yeah, that's what you got to do. You got to follow FOMO hour, FOMO, HOUR, the best show, the best show. Mando, actually, you were on the second best show this morning. How was that? Great. Great. This guy's a good guy. How's our boy Clemente doing? We are going to take him with us and we are going to break the... I've
decided. I have decided as well. And I know you were saying that yourself like a few days ago. We are going to break the Clemente curse with EpicDuck. We are going to take him with us to the Promised Land. How was that? It was a good show. Yeah, like we just... To be honest, we didn't talk about the duck that much. Like I spoke to Clemente a little bit about it. There was only a small segment.
They really like... They really went in on me and all the macro stuff. Like they were asking about text like Nvidia, Nvidia versus Bitcoin. They asked me. And they asked me... So Nvidia versus Bitcoin. So... Coinbase versus MicroStrategy. They asked me. They really went in on like a range of different topics. The duck was a small bit of what was a broad like data dump of what I think about everything. That's
the old man though. I mean, this guy worked 10 years at Barclays only to become Solano's best meme coin dev. That is crazy. That is crazy. Whatever you've learned before, unlearn it. This is a new paradigm. New paradigm over here. One of them became one of the biggest artists in space, launched your collection. The other guys launched you a meme coin called the EpicDuck. I mean, holy shit. I wonder what the people that
work with your Barclays think. It doesn't look like the duck if I'm honest. I don't think it's true. We need an ETF. We need Barclays to start bidding. Can't get Goldman Sachs on the phone. Dude, that article yesterday in the in by Bloomberg is wild. Which one? Let's talk about that. The meme coin one, where they're like all these funds are going to... They would talk about they have that people have like meme
funds, right? In the same way that they have NFT funds. They're not going to have any of that. They're going to have meme coin funds. I think that will happen. I even said on the show, like, I think if if I was to say, hey, I'm going to launch a meme coin fund to a bunch of people, they would give us money tomorrow. We should do it. Should we do it? I don't want to. I
don't want to manage those money. But at the same time, it's it's people will do that 100 percent. They'll do it on some on some should launch. Actually, on some would be perfect for that. He should get a quant to work with him in the back. And like someone who's like not at the forefront at all. But that's a genius. My God, this is my like that the meme, the quant like he like hires one of the
Nicaragua. Remilios and then like and then he just gets in. I mean, what do you think? I mean, this is like this is pretty wild. Hedge funds are succumbing to mind boggling returns on meme coins. Seen as the first cycle where funds are jumping into memes, dog with hats rally attracts the attention of crypto hedge funds, which is funny because I was hanging out and playing
poker a few weeks ago. I don't remember talking about it, but a couple of months ago, a week, I forget all the time with a bunch of my like Tart five friends from Montreal. And they were all obsessively talking about dog with hat like they could not. And they're not into crypto at all. They don't they do not buy crypto. They don't understand it, right? They'll
buy Bitcoin, maybe. But like they kept saying, oh, my Bloomberg terminal keeps talking about the dog with hat like it's been a minute that Bloomberg's been like all over that. Yeah. So study that. Study my bags being the on -border into the memes. Okay. The hat stays on. Anyways, another news. You guys mentioned poly market earlier. I mean, let's open poly
markets 50 % now. 50%. What are we? I will stand by my call because it will make a really good clip if it happens. And I'm going to look like a genius. Yeah. It happened because if it doesn't happen worst case, like, well, duh, we knew that. But if it does happen and really look like a genius, it's going to happen. What do you guys think? Should we take the bet now? I still haven't taken the
bet. What's the latest? It's a weird one because it feels like everything suggests like that it's not happening. Feels high to me now. Yeah. It's high to me. Well, it's, but, but the, if you read the headline, it says that, um, the guys went to them and were like, oh, um, you know, you should approve this because of the futures bond and they just didn't have any comments
back. So it sounds like the reason why all the, um, the reason why all the, um, Bloomberg guys are saying it's not going to happen is because there hasn't been any like actions to suggest that it should in terms of like developments on the process. And remember, like the Bitcoin one, we had all these comments come back and
forth on that kind of stuff. So it sounds like the SEC just hasn't like even engaged with it, which means they're going to reject it, but no one really knows on what grounds they're planning to reject it, which is interesting because that's what opens them up to
another court case from the lawsuit. I mean, for the one tiny, tiny, pro, percent probability that they, that they do actually approve it, the reasoning could be that because they've been through that whole process with Bitcoin, there's nothing else to really do. It should just be the same thing. Um, they shouldn't be, there doesn't need to be that many amendments, but obviously that's, you know,
very wishful thinking. But, um, yeah, I'm curious to see what, under what grounds or what reasoning. Yes, you see, are going to reject it because that hasn't, that's something that hasn't been reported. They gave some light indication that it could be to do with like the lack of volume or like, well, that's some statistical data or something like that.
That's what they said. They said it could be like basically a bullshit busy. What's, what's volume is lacking on Ethereum? I don't know, but like basically saying that there's just not enough depth for them to be, be sure of market manipulation, which is basically what they said for Bitcoin. And I think in some way they're probably going to call people's bluff here in that who's going to, who,
I've said this before, but who's doing that lawsuit? I mean, yes, it is. Somebody's got to then do them. Right. And please quit the SEC last week. We all shared that article. Yeah. But that was for something slightly different. It was, it was two judges about, um, but it wasn't,
it wasn't to do with something like this. Like some of you would now have to do what Grayscale did and basically take on a two year or maybe a year long, um, court case battle and maybe a judge slaps back the SEC, but somebody's still going to want to do that. And I think in some way they're going to probably come up with a bullshit reason and hope that's nobody's going to fucking
come for them. That's somebody, somebody would. Okay. Well, we'll see. Anyways, top, uh, top gainers, top losers of the last 24 hours here, uh, Jupiter back down to a dollar, uh, we've got slept back down to $3, but that's not that bad. The funny one was Hedera. So it turns out that the Hedera news was fake. Well, not fake, but there's no partnership with BlackRock. And I definitely found it weird
when I saw that. Have you guys ever heard of someone using Hedera? That it is a meme. Yeah. I know it's weird. Like it's one of these L ones that people. It's a meme, bro. People have just said it has like big industrial, like some of these block chains, I know we all like using for form of exchange, but some of them have, they've tried
to go down like the, the B2B route. They've gone to go like, right, we're going to do, we're going to build a system or like a blockchain, which would be useful for different companies to record data or like in the same way that like you have, you know, like data storage, IBM, that sort of stuff. Like, um, they've, they've decided
to go down that route. And I don't know who uses Hedera, but generally people have always said that they had a partnership with Microsoft, I think back in the day, like Hedera. I don't know. Like, is that a real partnership? It's definitely a B2B style blockchain. I don't know anyone who's using it, but that doesn't mean they're not trying to use it. Yeah. I mean, the, the, the headlines, there are jumps,
130 % admit BlackRock confusion. Um, each bar skyrocketed after an announcement that name dropped BlackRock, but the price is now falling as the investment giant says it's not directly involved. Uh, BlackRock was probably like, Hey yo, what the fuck? Yo, dang, using my name for, I mean, it's like the new Google cloud announcement.
You know, when there was a second where like everybody was working with Google last site, last, last cycle, yes, remember that everybody was partnered with Google. They probably like co -hosted an event. And, uh, and people like a, a Sankya set on Wall Street, uh, that Hedera paid for. And people thought they were doing a partner together. I think this is like, for what it's worth, like,
that's like some crazy gross negligence. Uh, and there's, there's like, there's things like that that happen. I'm like, holy shit. So it's pretty wild. Anyways, anyways, anyways, the other big news, which I thought was fun, uh, it's funny cause it's like, I wish this was an ordinal or an NFT or whatever. But did you guys see the famous buy Bitcoin sign that was held behind Yellen? I thought that was some
really fun news yesterday. So the buy Bitcoin notepad held behind Janet Yellen sell sells for $1 million. The iconic sign was held before cameras during the televised house financial services committee hearing in 2017. So at this stage, I think anybody that listens to our show has seen, uh, this sign. So this is now the world's most expensive notepad. $1 million. Not bad, right? Collectibles. Listen, collectibles are
always going to have a market. So back in 2017, a 22 year old intern crudely scribbled by Bitcoin in a yellow legal notepad, he then held the four mentioned pet up during a televised house financial service committee hearing. Now, seven years later, the pad has sold for a cool 1 .019, uh, Bitcoin. So this is it. This, this was the, you're looking at that video. It's so good. Am I sharing the video? Yeah,
it's so good. And he was, um, where's the notepad? Hold on. There it is. There it is. So good, dude. Then he did that. I love that he sold it. Uh, I love that it's, look at that. Bitcoin then jumped to $2 ,400. That, after that crazy. And you got people on the timeline bitching about 64 KB. Habibi, by the way, Habibi 63 K. By the way, sorry. 63 .364.
Um, by the way, Habibi speaking of Habibi, did you guys see that the government of Dubai is deploying 80 million, 80 billion AED. So that's like $20 million. No, just kidding. Uh, divided by four. About 20 bill, uh, into a sewer system for Dubai. Oh, really? Yeah. They're deploying capital. Steady. What do they use now? There's no sewer system. That's why we had the floods. There's no drainage system. Drainage.
Yeah. There is a sewage system. No, there's not, bro. Well, where does, I'm not kidding. Look at this. Look at this. I will show you the article. I will show the article. Shea Hamdan approves the $21 .8 billion sewerage plan. Yeah, I know, but they, I mean, It says sewerage. Look, sewerage. The project aims to create a, Where do you think your shit goes, mate? Mate, I don't know where my shit goes, but it definitely
smells like shit in the villas on the palm. So it definitely doesn't go to sewage, bro. Like, I don't know. I don't know. I'm going to, I'm going to be banned from the UAE at this stage. I got to, I got to be careful what I say. I was like really waiting to leave the country before I talk my shit. But, uh, yeah, bro, bro, I'm Iranian, bro. There's like a lot of tensions between Iran and the UAE
right now. I ain't trying to get in trouble over there. Um, I mean, I'm only Iranian in blood, not on paper. Anyways, we're not going to get into geopolitics right now. Uh, I said, what the fuck is going with the market? I mean, I check price, bad price. I mean, what? Salana is trading at $144 now. I was in there all morning, man. I was promised, I was promised dreams. I was promised $200 sold.
Yeah. I don't know. I think we're just hanging out for just hanging out. Dude, I need Raj right now to go and blow on the fucking, like, you know, I blow on the fucking cartridge and, and, and make it work better. Um, yeah. See, no, see, see, I saw shade at the burst Khalifa. They have a hundred crops that come and pick up the shit and transport it. There's no sewer system. Yeah, mate. I'm telling you, bro. I'm
telling you, uh, wild. There's dude, it was built in the desert. What do you think the shit goes in the sand? Like there's nothing under it. It's like, like, where, where does the Dubai shit? This is wild. I mean, I told you that they didn't have under ground cable, right? Like I said, I've been broadband really bad there. What happens when you poop in a burst Khalifa toilet? He's not kidding. Let's see. Yeah,
there's like different plants, like privately. I'm not kidding. Wow. Yeah, we need to, I'm going to investigate this. This feels like something that. It's a septic tank, right? Most like UK houses that they're out in the middle of fucking nowhere have the same system. Like every six months, you'll come and get your poop pumped out of it. So
it's a septic tank. They were a site. They all live off of it because it's basically like just a fake piece of sand. They recycle and convert your waste. Four million people who live in Dubai. Like a baby. I think quite a lot of Americans to have septic tanks too, right? Listen, I don't know. I don't know, bro, but it literally says that it's at least they could see. That's
the official government website. So they're storing crap in the streets in 50 degree weather in UAE. How does that place not? No, it's it's underground. It's underground. It's underground in tanks. Mate, I'm not sitting in the street. It's it's under a tank. Let's let's get it. Has an underground tank. That's what we walk around in the grass. No, we go to the street. I need I don't know. They
must have some form of sewage, man. But there's no way the four million people are just putting it into sewage tanks. Mate, golfnews .com. I'm I'm literally on Reddit right now because I was like, I need you to debunk me this. I found an article new Dubai areas. There is some of them. They're working on it. Oh, that was 2011. I guess now there may be. Anyways, that was not the topic of conversation. Right.
I don't think that was in our FOMO hour document. Anyways, well, you know, I mean, hey, the more you know, I mean, this show is meant to educate people. Anyways, you know what? Let's let's quickly go over this. So look, Epic's doing well. Coins are doing well. Let's talk for a minute about about thread. I'm going to die in a minute by the way. I should accept. I've
got 6%. So you're going to. OK, well, OK, so you have enough for two more minutes. So thread guy put a tweet yesterday that seemed to have pissed off a lot of people. But I don't think he meant it that way. So the first trap with be careful. No. I was talking with Mika's parents at the Museum of the Future in Dubai. They're lovely, lovely parents. And we talked about their son -in -law pause and they love
him. They love him. They're wait, what? Anyways, thread guy, he posted something about about the Apes yesterday. About the social bottom of the Apes. I have to say I tend to agree with him because even me to that, I wish the Apes a happy third birthday because they like they were important part of my like trajectory in this industry and everybody's hating. So
he said board Apes socially bottomed. I don't know what happens to price, but there's no possible way for sentiment to go lower. Every popular big PFP left and sold. It's normal to scroll the timeline. Oops. And see hundreds of you collapse. Fuck post blah, blah, blah. What the fuck is the web? Big imagery counterculture again, just an observer and people hate on him, but when he meant this, this, so
backless pretty much rolling stone at this stage. Posted this about being dead. What do you guys say? Do we think that they've socially bought? Do we agree with? I personally agree with thread guy sentiment because he did not mean in the bad way. I think the price is bottom. I said this on the show last week. I said this to OSF and I said, look, I think they have bottoms. I
would be a buyer. Go back and check. I said exactly this is the first time in, since we sold that I was like, I would buy them here because as soon as they start doing things with it, un -shackling the original team, they can go hard. I'm not saying they can do a 5, 10 X, but I think they could easily go back to the low 20s. Very,
very easily. You know, interestingly enough, and that's what happens very often when you raise capital from institutions. It seems like they were completely tapped out of their own company. Like seriously, like Gargar made a comment, about how board a club ended up in the wrong hands. Like he doesn't very happy about
previous management and everything. So there's lessons in there from, you know, who you raise money from and who you trust, but it seems like they've dropped their, there it is. He goes, I could be down. I could be down about what
was done to my baby. I think those on chain fuck ups are too big of a drag plus fit into the background or I could go on the warpath to fix everything and hope folks have my back as I do that. So, dude, you know, typical like, you know, raising money, letting the suits, telling you how to fucking run your company, a culture company in a new industry that you probably understand
better than them and that happening. And we've seen that happen over and over again with a lot of brands and companies in this industry. So, you know, just because funds, you know, have money doesn't mean to know what the fuck they're doing. Of course not. And I even said on the show last week, we also, we all generally benefit. I know if people who sold, but like we all benefited
from those big dreams. Like Apecoin was a lot of money for a lot of people, right? Like in this space. So we all wanted to believe those dreams and then it's only over the course of the last year or so that like it's been. Every time a VC got involved with one of the NFT projects, the project almost went to zero, bro. It's the truth. It's the truth. Study 2021 projects that are nowhere to be seen to be
found now. And while they raise 50 million fucking dollars, that doesn't mean don't raise money. We need money to run these companies, but maybe be careful who you raise from. Like Luca raised money from 1KX, small round like 10, 12 million. I think it was a figure what they announced and he's thriving. Right. So I think I would be
very careful. Like as a founder, like where, where I pick who I pick with anyways, let's pick a winner for a $250 win today. Make sure you have a better account of course. So you all you have to do is follow up from our, there you go. And you've shared the stream. We're going to do this every day because we have 3000 people on stream. So since this is some mostly video show, I'm just going
to start doing this every day. So continue here. Let's do draw 200 entries loaded only. Wow. That's a high chance to win $200. And tomorrow reminder, there's a robot loot box. Spends there's three spins, but remember the guy that we couldn't find last time was buggy. We're going to honor that because I think we're honorable people. So he was actually on the stream. He
couldn't come up. So we're going to give him one of the spots and then pick two people as well. So Alex on chain, you're able to come on. So I'm not going to show the rejected begin the draw and there you go. 1d 1717 here for Bernie. You don't have to come on stage, but Bernie take a screenshot of that. There you go. You want 250 United States. Oh,
he's here on chain. He's on there. He's the guy who's going to win tomorrow or at least potentially win a crypto park chat to 3000 people in here. I'm in New York. Let's fucking get it. Mando Ovi. I will see you all tomorrow morning. 10 30 am Easter start time for the episode of FOMO hour on work radio. Let's go.