Yo-yo yo-yo yo, what up? What up? Good morning, Good morning GMG Monday March 4th, 44442024. Look at that. Another beautiful day to have a beautiful day. Yay, Whoa. Another beautiful week to have a beautiful week. Another week in the bull market, ladies and gentlemen. God damn. I've been waiting for these introductions, Oh, blood Market, for 600 fucking days in a row. So we definitely love these mornings. I got my clothes. That was Ovi. You just bought an alien. How you doing?
I wish. I wish I was rich enough to buy an alien. To spend 16 on an alien. Congratulations on the alien by. How are you doing today? I'm good, man. I'm good. How are you? I'm euphoric. Don't be for it. I feel great. I don't know. I think we should be euphoric. You should be happy in celebrating. It's too easy to say Yeah, be careful and sure. Trading is a is a game of emotions and the more in control of your desire. I'm holding. I ain't trading. I'm hands off.
So even if you're holding yourself to make decisions of when you're gonna sell and what are you gonna? Definitely. Not here. I like to strip the emotion out of everything I do in life. Yeah, I mean, so long as that $130.00 and Ethan is not even an all time high, you're saying be cautious, so. Don't be cautious. I'm just saying be calculated and calm 2. Different. Things. Yeah. Fuck. Being calm, $50 million fucking ate and punk sale dude like we were.
Come for 2 1/2 years, you're allowed to celebrate little wins, You know what I mean? No, the 2 1/2 years you're relaxed. I'm not saying be relaxed, I'm saying be switched on. Yeah, yeah, we're definitely switched the fuck on 45 eight. So Oh my God, that's it. The bull market started ending sale. Here we are Monday morning too. As if the weekend wasn't enough, there it is. There it is. Fucking someone just went and accepted a $15 million bid on an alien. Shit is absolutely crazy.
And the craziest guys. I'm talking to the person who bought it, so we're going to be interviewing him in a second here My fellow Co host OV on on what it feels like to be an alien. The 1st. It was a Congrats on the whiffs trade it's in the on the whiff trade for the for to to to the. Anyways Speaking of that we have a lot to talk about today. We have a lot to talk about today. We have a lot to cover on this morning's show. First of all, mark your report
as usual. So crypto macro NFTS, we'll go over everything today. We got Bitcoin doing hitting highs in in Euro and British pounds. We got we got Bitcoin almost hitting guys in U.S. dollars. We're 66.2000 right now. Big pump right before the show. You'll have to see that there's so much. I know there's some stuff going on right now. We're like, we're like probably as greedy as it can get. We have blast breaking 2.6 billion TVL. You have the ETH burn burning like crazy.
You have NF TS. I mean ordinal is another massive weekend for that node monkey $1,000,000 sales Alien sweeps. Fucking like everything. Like I think the nodes are nearing one Bitcoin right now in terms of floors. So we have that Yeah in point 18.18. Sorry. So you have that going on. What else do we have? We have Pepe Trump mug, bunk whiff fucking, you know you name it dude you didn't come rock. It was pumping this weekend. Like honestly I saw that screenshot and I was like what?
So there's all of that. You have OV fucking take it out like millions of dollars out of whiff and riding a multi million dollar position and posting about it like everything is going crazy. You have dog with fucking hat in the audience right now on the show with us. I'm going to throw you an invite if you want to come up and hang out on stage instead of heading out in the audience. Fuck it, it's a bull market after all. So we have that, what else do we got?
And we have a bunch of stuff happening this week and we're going to cover that. So anyways, anyways, anyways, Mandel's also on the way he's doing an interview right now. He's on this like yo dog with hat. Is that he on stage right now? Dude. She's. Just whiffed when you asked him to speak. I don't know. What do you think? Do they just whiff, do they on mute? No, I I think we'll just, we'll just keep him on on on on stage though. It's good for engagement, it's good for engagement.
And you know what, let's give some money out. So we'll give $500. We're we're going to get $500.00. So if you retweet the spaces, if you retweet the Twitter spaces, at the bottom right, there's the purple box, Follow FOMO hour, follow robe, com, our partners that make it happen for us. We can give out a fuck ton of money all the time on here. Make sure you follow us and we're going to get $500 at the end of the show. How's that for Lucky Listener? Let's listen to that.
So anyways, how about we get this party started right now? Ovi, hold on, it's been a while. So we started with you. So first Daily Market Report brought to you by Rogue Radio What's the? Word. Oh, where do we fucking start? Hey, so much shit going on. I would say maybe macro, I don't know. Yeah. So look, stocks had a good close on Friday. We broke through new all time highs, let me close 1.8% higher on the NASDAQ, So a very strong close on Friday. Today futures are basically
unchanged. It is an important week in macro. On Friday we have non farm payrolls. Now payrolls and inflation have both come in ahead of expectations for the last two to three months and markets don't really seem to care, or rather stocks don't really seem to care. Interest rates have gone higher, so that's going to be a big one on Friday. Look I think in the last 12 to 18 months crypto has lost a lot of correlation from from macro.
But now that you have the ETF, the Bitcoin ETF which is like a hybrid crypto slash macro product, I think macro is pretty important Like if you have a very risk off moment for stocks, people will sell that Bitcoin ETF, you will get outflows and then it's going to hurt crypto. So it's important to see what happens on Friday, I don't think you know. So even if we get another big payrolls number, it seems like stocks continue to just shake it off.
They don't really seem to care because there are other reasons why stocks going higher. So it's not really the end of the world, but it's something to definitely be aware of and and be cognizant of, especially with you know 10 year Treasury's still you know now at like 4.2% at the beginning of the year we're at 3.73 point 8%. So that's what we have for macro cryptos is just, you know, Bitcoin is just very, very strong 6666.3 K right now to start the day.
So we're up, I don't know, we're up about 5 or 6%. I think on the day I presume because we rallied at the US Open, I presume that means we're about to get a we're going to get some strong info numbers today and Bitcoin dominance is is up again 5554.5% ETH BTC is the lowest it's been for the last three or four months. ETH is really lagging on this move and ETH BTC is down to 0.053, having almost hit 0.06 recently. So it seems like ETH is lagging
this move a little bit. Bitcoin is up massively. Obviously. This weekend we had a massive massive meme coin like Manic Rally. I think over the weekend you see the market lose focus on on Bitcoin because you don't have the ETF stuff and so retail people are focusing on meme coins and in the past that used to be NFTS and and that was meme coins right for for right now and ordinals I guess as well. So it's yeah, it's just it's it's pretty fucking meant to what we saw in meme coins over
the weekend. It looked like Pepe hit new all time highs is currently at about $3 billion market cap with almost hit $2 billion market cap. Bonk is up a lot. Bonk is up 45% today. Like 3.5 billion right now. Yeah, I think that that I think the market cap and Bonk is you have to calculate it a bit
differently. But it's it's up there it's high and you had a bit of a dip you had a bit of a bit of a you know mug hit $300 million market cap but you had a bit of a dip in some things there's dip in mug with has been consolidating here. So it does seem like caps is moving around to to different things like Pepe Pepe and Trump seem to be the two that are strong today. Look at trump Trump as well. Yeah, Trump's up there. Trump's what, 400 mil market cap now?
515. 5:15, Yeah, there you go. So it's interesting because you know obviously what what where we're at now in this mimic one cycle is people are thinking about what happened in 2021 when ship did it's thing, when Doge did it's thing and they hit you know 10s of billions of dollars in market cap and then you had many many meme coins out there with billion dollar market caps.
It was just that was just the way everything was And so the question is can we get back to that level on this cycle. Now Doge had the whole Elon Musk stuff as as fresh information back then which it doesn't have right now. So that that's something to bear in mind. But then ship didn't, but at the same time ship was maybe manipulated by FTX and all those guys. So we don't, we don't, we don't really know.
But there's always, I have to say like the imitation will never go away, there's always going to be some manipulation. So I don't know like I think the market is becoming increasingly more acceptable of mean coins. There's more and more sophisticated capital going into mean coins. Now I think it's not just running retail, it's also VCs and funds and stuff are playing them because they obviously see the returns. And so I do think we have a chance of getting to those levels Again.
I think we have a chance of seeing some mean coins at forty $50 billion market caps. I think there's a chance. This still sounds crazy to all of us right now. So I'm not calling it as like a base case scenario, but there's definitely a chance and one thing I do think will happen, I do expect to happen still is that we do see stuff like, you know, maybe the main ones, maybe like Pepe Bonk with like that stuff I think could get to 5 to 10 range I think.
And then I think you can have a few things that are coming in the 500 to 1 billion range. It won't last for very long. I think it will only really last for a few weeks, maybe even a few days. But I do think we can get a move like that if the market holds up. And look, Bitcoin still hasn't hit all time highs yet. Bitcoin's at 66 K ether's well off, its all time highs. Solar's way way off, its all time highs. And Bitcoin dominance is just under 50%.
So, you know, I think meme coins can range around here for a bit. They've always had a, you know, they've had a massive, massive run in the last few days, like every day it's been up 50 percent, 50%. Like whiff has done like a 6X in a week or something like that, right. So these are crazy, crazy moves and I think you have to just expect some consolidation and you know, it's not always going
to be up only. But I do think we'll see a period in the in the cycle when, you know, maybe when Bitcoin dominance is lower and maybe if there's an ETF approved and they're just full on like capsule inflow and you know, retail inflow. I do think you'll see a moment when you know some of this stuff is at like, just insane levels where people are just like, Oh my God, what the hell? Yeah, that is, that is wild. I I listen, we'll see where shit can go. But you know shit can go higher.
We've seen it go much higher. That's that's for sure when it comes to meme coin. So I wouldn't, I wouldn't, I wouldn't look too deep into it for people listening, right. It's like shit goes crazy. Like it looks like maybe Vaunca's been kind of one of the chosen ones here with going to one point something billion this weekend is absolute madness and still going higher. Pepe is still running even. It's like 3 something Pepe I think, right?
He hit 3 billion. 3 point yeah, I think it's 3.2 or something. Like that this Stage 5 doesn't even like. It's like where do we go? Like, I personally dude, I see Pepe hit at this stage like every time I keep revising higher. But if if the thesis of bitcoins going above 100K, surely you're going to see meme coins going higher than what we saw them go last round, right? Like. Yeah, yes, yes and no.
We don't, We just don't know. It's too much for nascent asset class to really know how it will truly react. But so far this year, I have to say like a lot of these meme coins have had really strong correlation to Bitcoin. And usually you see Bitcoin move up and memes are a little bit like wavering a bit. And then once Bitcoin settled, the memes rally, right. And that's what we're seeing.
And so we've had this big rally in Bitcoin this morning and kind of we we were up this morning and then some things have kind of just settled around here. I think maybe they're just waiting for that Bitcoin stability. And my expectation is that you would see, you will see the mean coins seem to rally but you always seem to rally when like I'm about to go to bed London time or when I wake up in the middle of the night which usually tends to be like late
evening US time. And that's usually when the Bitcoin price kind of chilled out a bit from like the date from the daily activity. So I think we have, we've had a strong day for Bitcoin today so far. If this move holds, I think we will see meme coins have another leg higher this afternoon. I think you have to watch out for funding. Funding is really high right now. It's really high in Bitcoin. It's really, it's not that high in ETH, but it's really high
across the board. And I think there was like I read somewhere there was an increase, there's a $1.3 billion increase in open interest this morning. So yeah. Swish funding map Fuck that, Yeah. I mean like Bitcoin funding is is 69% in finance because 54% so it's not too bad sold 80%. There you go. It's not crazy. Well, you know. Yeah, we've seen worse, but it's it's up there and so it's just something to be wary of.
Like I honestly, I just think if you're holding spot, you don't really have anything to worry about because you'll get these dips and then when you get those dips you can add to your positions and then you just chill. But yeah, if you, if you have too much leverage where your liquidation levels are maybe like 10% below the market, like that is dangerous in my opinion like. That's very dangerous. 10% is very dangerous. It's like 1 little flash Wick. Yeah, it's one Wick, yeah.
You're finished, right? You get John. Wicked. So it's And that's that's over for you, man. Stuff is running heavy here. I mean, there's a lot of stuff that is looking good. We have Benny here. Benny, how you doing? There's a rumor going around that it's. Not a rumor. This is true. This is not true. I'm just seeing G Funk coming on something OV. OV OV. Because if you if you hid this from me, I'll be OK with it. I want you to. It won't hurt our. Relationship. I would never.
I would never hide that for. You Did you buy the alien punk? No, I did not. Come on OV. Even Sergito knows he looked into your wallets, dude. Like you can just. Why can't you? Let's let's just do this. Hold on for OK, you're with two friends who care and love for you. And like 500 other individuals listening. But it's mostly just us. But. Just just the two of us right now.
I mean, if there was ever a historical moment in time that we needed to say it, can you tell us what what went down and how this happened? Oh, the whole whiff stuff. With with buying the the alien punk. Just run through the process. Just do it. Tell it. Just do it. Pair of Stranded, tell the world. Let's go tell the world, dude. I mean you hate the flex like it's litty counter. OK, we know who you are. We know that you are a good person. It's not. This is not like.
Are you guys? Are you guys? Are you guys serious? Yes, you should. Tell us. Tell us the truth. I just to be clear once again, I did not buy the. Come on mate, dude, I got every group chat of mine right now. Literally everyone's saying OV, but I'm not even kidding. Congrats. My phone is literally blowing up like no the. Punk Cat is going Who? Spread Who spread this? Is this another Wizard of Soho rumour? That's. No, dude Wizard, they checked the chain.
Don't you know that if you checked the chain, the chain never lies? Dude, let me see this. One you look, you're getting nervous. He's getting nervous. He's putting the. You bought a $15 million NFT. You literally bought a $15 million NFT at ten, 3:00 AM on a Monday morning on chain. Expected people not to know. Like I don't understand like what's the are you like? My My wife lets me get away with lots of things. But if I spent $15 million on a punk, I think I I was. Yeah, OK.
Your wife's watching. Hey, Hey, Wifey. He didn't buy. Why was he watching? Betty, Betty wife's watching. Why swatching, that's why. Well, if it wasn't, let's see this wallet. Let's see this wallet. What's in this wallet? Let's go. And get it together. You know it's yours. What's in this wallet? Probably the creeps you can't find. Oh yeah, like. This wallet OSF dot ETH wait. What? Damn sprat skulls in there. How'd that get there? You go. Let's go look at this alien sale.
Why does it say rec guy deployers? Exactly here, look. Let's see, hold to this wallet, right? And if you go here, I'm sharing. But for those of you who don't know, we are live on YouTube but also on video. So if you go to my account, I posted a broadcast, but also on formal hour and make sure you reach to the tourist spaces because we give away $500 at the end of the show. Anyways, you still have just so you know OV you still have $1,000,000 left in your wallet
that you didn't spend. Yeah, just there. But dude, how does it feel being an alien owner? Like it must feel nice, no? I if I bought an alien punk, I would not. If I was rich enough to buy an alien punk, I presume I'd maybe have some choice. I mean, but, you know, maybe not. Maybe. Not you just made $30 million on whiff. Yeah, that's like half of what you made out of like nothing like. You got you guys gonna get me into so, so much level.
You and Mando have been writing about how you did a bigger trade on on Portal than Apes. So that means you've made over $50 million. You guys made 15,000,000 on Apes minimum. You made millions on WIF over this weekend. You've made millions on MOG, millions on Pepe, millions on ETH, and you're about to make millions on blast. Like you. You you don't want to see seven streams of income. You have 7 multi $1,000,000 streams of income. You had to tell me you didn't buy that alien.
You're full of shit. This is me calling you out, stepping my foot down. Just say the world OV Did you or did you not buy the alien? I did not and I and I have to tweet this out change. Your PFP to the. Alien people are people are like, texting me now. You have to change your PFP to the alien. That'll be pretty. That'll be. That'll be pretty funny, you. I think honestly, but to be fair, I think it was actually Sergito who made-up the rumor first. I think there's something there.
Yeah, I but I feel like maybe you know what it is for a maybe he didn't buy it by himself. Maybe. The men, though. Maybe the new cabal and it's. Like not invited for. Sure, right. We were not invited. We're too poor. We're way too poor for that. It was. Ten of them, $1.5 million each. They all got together. They would say, let's control the market and they wanted to hit back, right? Because Ovi, as you know, and Mando and whoever else is in the cabal don't own ordinals.
So now what's going to happen? Is Udi's going to strike back and he's going to make a $15 million sale on on some Quantum cat or puppet and then we're going to have this big battle going back and. Forth, will we check Punk's chat? My DMS, everyone's like, Congrats man. Congratulations. Congratulations, OV. You got a zombie zombie punk. You are the alien. Congrats. That's incredible. That's crazy that you got the alien punk. Honestly, you're my idol.
Like from. Yeah, that's the punk, the streets. Of DACA. From the streets of DACA to like fucking by an alien Pong. That's a crazy. Story it's crazy. And it's also like he's having a child, so obviously he's going to hand it to the child like to grow up with. I mean, can you think about that like you're being? The child's on the way too. What is it may so like you're like? The Crip's doing an article now we're just posting it. Yeah, there you go. The Crip's that is. Insane.
Look at this even Wizard of soap. Wizard of SOAP. Wizard of So see. Confirmed. Confirmed by Wizard of So very serious source here. Huge Congrats to OSF Rex on new alien sale. Those wave pepin mock profits gonna work like I listen confirm. If Wizard of Soho tweeted this, then I mean, you know what? I'm gonna be tweeted. It must be. It must be real. Right. If Wizard of Soho tweeted this, then you guys realize that, like, there may be, like, a news outlet from Web Three.
Let me pick up on that. Let me make sure that the Crypt team knows we're trolling. But oh, he's like, speechless. He doesn't even know what to say anymore. Oh my God, he's too. Funny. If. He if you If you actually really changed your PFP to the alien punk, it would it would be funny. You should do it. You should do it I. Just presume whoever actually bought it would be so annoyed if someone else was laughing that they bought it. So I just don't want to be like
laugh if that makes. Sense. Probably somewhat serious also, but I really actually, in all seriousness, I do think that there's a battle going on here with ETH whales and Bitcoin whales. Like, yeah. Yeah, yeah. Yeah. There is, there is. There is, that's part of the news, right. That's part of the news. So let's let's actually, we already talked about, let's actually go, let's actually go there like let's talk about what happened this weekend, right.
So you saw massive sweeps on the Node Monkeys, insane volumes. You saw two back-to-back, multi $1,000,000 swipes or three or four of them. Someone came in, really bought all the aliens, right, And then started putting 17 Bitcoin bids on most of them. And then today what you see, which by the way, the alien punk beds have been going on for a week now, right? So that's someone that's been trying to bid, It's the third bid I believe they put and it finally hit what happens here, right?
There's like this ETH versus Bitcoin narrative. Is that what you think is happening? Benny is like a show. Of like, who has the biggest in general, the, I think in general, the market's just going up, right? So to me, this feels that like 2000, 2020, one that was exciting. This really feels more like 2016 for me because 2016 was like whenever if you just like threw a dart at a dart board and picked a coin, you made money, like everything's going up,
right? So like the fact that everything's going up should mean that the cycle really is starting to bubble up and go, you know, you don't want to go too quickly hopefully, but if it's really moving up. But what I'm seeing is, is that it's clear that Bitcoin people never spent money on NFTS before and they never had any money to spend on anything because they just always had Bitcoin.
So, and I think Udi has said this a lot and I think he's right, that if these guys start spending money on these NFTS, then East Wales, who are very protective of, you know, NFTS, which they should be, right, They're gonna try to start fighting back. I mean you saw a huge $15 million article of sale. Now you're seeing a huge $15 million alien sale. I I just don't think that they're, you know, random things that are happening.
I'm not saying there's like like an A literal war, but there's clear, in my opinion like, hey, we're not letting this happen. Also there was a huge squiggle sweep, like people need to protect their assets in their bags and I totally understand that. So like as ordinals keep exploding, ETH NFTS can't just totally lag behind because then they they don't want to be worthless. At least that's the way I I I'm perceiving it. I don't know OSF. What do you think?
Yeah, I agree. It's just it's it's an attention game really isn't there and you see it a lot. I mean, I noticed it a lot in shit coins because it's just more liquid and you can just see it actively on a day-to-day basis. And when a brand new coin comes, it takes the liquidity away from all the other stuff.
And I think you're seeing that right now because we had a few moments over the weekend where ETH NFTS were actually lower and ordinals were a lot higher, which kind of shows that capital maybe flowed from Ethereum to Bitcoin. And they're obviously like OG. Just like how there are OG Bitcoin people who try and create narratives for Bitcoin to like put it back onto the map instead of losing to ETH.
And it's the same thing. They're probably OG ETH, NFT people who are like, you know, we need to like get ETH back on the map here because we're losing some steam. And I I agree. I think that's just what's happening now. It's just it's like a push and pull between the two. And I think that you're seeing like they're doing sales, like it's like I think the ether people are saying, OK, that's fine, you can do PFPS.
It's funny, they're like, but we're going to buy art, you know, like punks are art, You know, autocles are art. I feel like it's going to be interesting to see how that all plays out. But I guess my thought process is that if you're just on the sidelines what makes this so great is why these why ETH and Bitcoin keep going up and these sales keep happening. Imagine like you're just on the side and loose changes flying out of them, right?
So this is the opportunity for anybody who's sitting there to be like you can make money here, right? You don't need to make your multiples of 1000 X, you don't need to be on their level. Even if you're doing it on the your smaller level, there's clearly opportunities. So don't like don't just fade, don't fade something and say I hate that, I hate that. Watch the trend and try to get as try to get as much as you can out of it.
Don't take too many big bets where you don't pay your rent and all that shit, but take take some chances here. If this is really a bull market, you don't want to miss it in my opinion, yeah. Yeah, I agree. Well, and with that, I mean we're also. I mean, why It's really weird being in the same room now with OV now that he owns the. Aliens. It's honestly, I feel like a nobody. Like, I honestly feel like packing it up like I man it it.
First of all, memes are God candling across the board right now. Like, I don't know if you guys are watching Pepe. It's at 3.4 billion with Bonk Bonk Maga. So Trump is at 515 mil. Bonk is at 3.75 Pepe. Just rent 3.4 Monk just fully like was bought back up this morning. Just now pretty much. It's it's insane. Like what is that Dogecoin is at 17 Five lads. It's crazy. I, I, I, I still think that soul becomes the big winner here, I think.
That Solana and Alt are really not moving at all, that's also. Really struggling, yeah. Soul is altar. Altar like meme coins are pretty much the new alt here like it's it's actually wild to see what do you guys think what do you what's your read on guys that like that's actually wild when you think about it like bitcoins nearly 70. Oh my God. Bitcoins are almost 67 K boys. And then you have Solana stuck at 1:30, you know.
What I mean I it just look again I can't it's very hard to explain but like when you know the bull market in 2000 again 2000, 2020 one was 2019 was fun like I I was in it and made money. But like anybody who was here in 2016 seventeen that I can't explain it but it was just literally every single day it was up. Like it was like it went down a little and then it was up.
It was up and it was up and you know, unfortunately call related to that situation when we got to the end of 2017 or 18, close to 2000. Oh, sorry, beginning 2018 when everything crashed. But it just feels like it's not going to stop now. My PTSD scares me. Like, I was just texting Bob Lucas and I'm just like, I feel this is going way too fast. You know, the answer is it's
probably not. But like you, you you get that feeling of like, OK, I need to. Pass, though, after we had the longest technically bear market ever in terms of days. It wasn't really long. It was still like pretty much a four year cycle again and I think I don't it. Was the longest bear market in terms of days like technically speaking? Yeah. So I mean theoretically we should go up most now. I don't know if any of that ever makes any sense.
All I know is that trends, when things start moving, they move. And if, if, if, if they're going to go and trends are going, then you just stick to that trend. And as hard as that is like you, you should take profit. But like it, there's a world where BTC just keeps running and and so and so do meme coins, and so do organs. Yo movie, you made a call on the show before buying the alien punk. You said that Bitcoin will hit 100K by Anna Q1.
We're March 4th, dude, and when you said it was like 40? I just, I didn't say H1, I said Q1 if you see $500 million a day clipped at. Six we. Have to be fair, we haven't been far off that so. Sims, whatever, Sims Clipped said Q1 And let me tell you I I did. You are literally so much closer to that right now. It was Q1 if the inflows kept up, you said Q1 if the inflows were over. There you go. Is it 500? 500 million a day, yeah. For a month for.
For back-to-back. So there was a discrepancy, bro. The info today must be insane. Insane. It's probably a good inflow. Yeah, I think there was some the last two days of last week there was a couple of big GBTC days. It feels like to me that the inflow actually what we should really be looking for, what it probably what it maybe means that the GBTC inflow outflow is low because every day we are getting those inflows and those inflows are sustained.
But when that net net info number is really high, it's not usually because I bit did like 2X the day before. It's usually because GBTC was lower than the day before. So the last two days of last week GBTC outflows were actually very high and maybe someone has the GBTC number now knows that it's low. So that could create and. I just feel like this is what we've been waiting for forever.
I I it just it this again. I don't know if it means that Bitcoin's gonna go like I'm not gonna even tell you my numbers because you'll think it's crazy. Tell us, tell us, tell us. I I. Think Bitcoin is going to 280,000. Like, I just don't think it's not gonna happen. Like, I could be wrong, but I I've been saying that for a little while now. I just. I mean, you've been around for a few. Cycles. Why two? Why 280 and not 300? Like what? Yeah, exactly.
Good question. What's What's the thesis behind 280? I don't know, 'cause I think it's again, guys don't remember. I'm an idiot, so don't listen to anything I say. You're definitely not an idiot, but OK, I. Think there's psychological numbers, 20,000. It was just something about passing 20,000, right? Then we hit like 69,000 and it was kind of like a meme and kind of I didn't we couldn't break
that 70,000 number. For me like being in the hundreds doesn't sound if right now, I don't think like right now the banks are buying and stuff like but the average person isn't in yet. So I feel like we could very quickly go into the hundreds and once you're in the hundreds it's like where are we going. So like once you hit the 300,000, the market cap is what it's like. That's like a, I want to get my numbers right. So 300,000, the market cap's like what, 3 1/2, no, 61, who's
better at math? Yeah. I mean, Ovi's your guy here, not me. What's the What's the if, if we had, if we had 300,000, what's the market cap for Bitcoin? 300,000, so that would be what, 5? 5 trillion. Five. Yeah. No, no more. No, it's more 6 and. Something because you got you got 1/3 now it'd. Be 5X where we are now. Right now we're. Like 1. Point 6 1/2 so yeah.
I think we can. I think when we, we're getting closer to parity with gold and I think that's when that'll be our next like, OK, wait, hold on, is this for real sort of number, right. It's like a psychological thing. Oh, Bitcoin can't be the same amount as gold, right? It's just not possible. So I I say 280 because I think what'll happen is we'll get that crazy and then we'll have that conversation like, wait, is Bitcoin replacing gold? And I think we're too early for that conversation.
So I think that's like next cycle when we go to 450. I like to take I think, I think, I think crypto goes to like $10 trillion a cycle like crypto in general. Oh, the whole thing, Yeah. Yeah, because I was looking at the crypto. I was looking at trading view. I was looking at the the crypto like total crypto market cap like including Bitcoin and ETH. Not the total 3 but the total. And like I was like, dude, like there's I I just don't
understand why. Like like this is it right outside of all the euphoria talk. Like I can't believe people are calling for tops here when you have all this going on. Like if you're a spot like the rest of this year, I think like maybe I cooled off maybe I don't know March Madness for memes are talking about this month. Maybe majors like you're seeing majors and ulcers like not move right. Like, Solana's like, down,
actually. Yeah. And then the question is like what happens when like every single person and their mother is calling up their four O 1K and saying? I want Bonk. I I I just want. I just want Bitcoin, right. Like I just can you put 1% of my net worth in Bitcoin when they're when and then they have to be ready to do it. So like that's where things can get really nuts, right?
And then the problem is that what you're well, it's not a problem it's a blessing and a curse because the blessing is, is that once it's in I feel like what's in 401K they can't. It's not they're not trading it back and forth, right. It's not like us still sit there. The bad news is that if it goes down they're stuck with it until that next price point. But I don't know. It just feels like, like, you know, even with ordinals, right?
Like I keep saying this to Udi and far and a few other people who are in it. Like Michael Sailor hasn't bought a ordinal yet. Imagine that day he buys an ordinal. What happens in the fucking ordinal market? Like who has? We haven't even seen that. You see what I'm saying? We haven't even seen that level of things like we like, we're not like we're not even there yet. So the question is how much till we get there.
And if that happens like then we're we could see multiples of XS. This is just like sort of the beginning of it all, yeah. What what do you think of the punks of ordinals, Benny? I know this is a hotly debated topic, but. So I I bought 1. So you guys know I bought ordinals a long time ago, right? So I bought there was this thing called punks on Bitcoin, right? It was like it was ordinal punks and then Punks on Bitcoin. The inscriptions were like under 2000 and under 1000.
I bought an alien and zombie like of this small collection, and then I texted it to Eric Snowfro and I said, yo, look what I bought. He's like, are you? He's like what? You just bought that? And I was like, and then I told him it was an ordinal and then he told me to go fuck myself. So I feel pretty strongly that the ordinal punks are pretty, in my opinion, new. And it's new art, so I have no problem with it. I think the Punks on Bitcoin also has a lot of new art.
Some of them are the same, but most of them are different. To me, I look more like, I think that the larger collection, which is just a copy, I'm not interested in at all. Like, I just kind of like, you know what? That's just not innovative. Like, I think what Shrooms did, Bitcoin Shrooms to me is really where everybody should be going. It's original. It's different art. It's early inscription like it has, you know, obviously I'm biased. I have one but I also bought one
for that reason. So like I think that the punk sun like the the one where they just ported the whole collection over. I don't know. That doesn't doesn't do for me the early inscription ones that are at least different. Like I I think there's something there for sure. Again someone like Snow Crow and I totally agree he'll tell you like you know he he says it the best he he says do you he he this is how he explains it.
I don't want to mess it up, but he always says to me, do you want to take a horse to work or do you want to take a cow to work? And he thinks a cow is Bitcoin. Yeah, OK. See, he he isn't. He's a maxi that way. I like that. I like that. Speaking of cows and horses, Mando, good morning. Hey. Guys what do you think of this You're you're. He wasn't there. He wasn't there. He didn't see. It. He's been on a podcast. Mando OV bought the alien. Did you? Yeah, dude.
I can't believe you had asked. Timeline Check the timeline. Do you not see what's happening? They followed his wallet. He followed his wallet. He didn't tell us. He did check the timeline, Wizard of Souls said. He bought it. And No Chance Band. Was like, no, you know why? Because I hold his keys, so he's like, there's no. Way again. Extension. Like, there's no way he's he's spent that own alien. No way. You're supposed to, like, play into it. Oh really? Yeah, he bought the alien.
He bought the alien though. He bought it. Look, a lot of stuff is going on this morning. It's a little over the place. We're talking to aliens so I can know monkeys. We're talking to market. We have dog whiff, coin literally on the stage on spaces since the beginning. And yeah, and what's up, Dog whiff? Thanks for thanks for hanging out with us. You're definitely welcome to hang with us every day. This is wild mando, I guess. I mean, we're pretty much done in 5 minutes.
But what's your read here? What's your read on today? Why are some old slagging? And what's happening this week? I mean, Bitcoin, there's just no supply, right? And there's just buyers every, single, every single 5 minutes they'll be buyers of Bitcoin from the ETF. So I think, I think we're probably going to see another 500 million inflow today. We're probably going to see another 500 million inflow tomorrow. Like this is going to keep going.
Bitcoin is sucking sucking a lot of the demand out and you're starting I think you're starting to still see like maybe a slight waning in the in the meme coin moves.
I know Pepe just sitting at all time high but I think quite a few things like I don't know maybe slightly cooling but yeah I think I just I can't be bearish here but I just don't even know what is the bearish thing like maybe the government comes in to sell its Bitcoin where we go down like I don't know a few thousand and then that's a very bullish development in my opinion. So I'm yeah, I'm just not
bearish here. I I think this is going to start to feel more and more hated as a rally as we keep on going higher because now it feels like everyone's telling you to like be careful and tradfies. It keeps on putting out saying it's a bubble. And actually it's not. It's just supply demand. Like it's not, it's not sitting here and just pure speculation like there is ETFs buying
billions. It doesn't feel like 2021 to me in that, you know, it's just like rampant excessive risk taking and very little to back it up. This feels like institutional Crowdfires come in and is now going to be buying Bitcoin. And I wouldn't confuse the two. Like I think, I think it's one that I mean I said it so many different times like we're going to start hitting overbought on pretty much every metric out there and I think you just meant to hold I. Love that.
What you're saying is it's the song is that we are in a very big bull market and OSF bought the punk. Now does someone understand the the the punk alien punk that you bought OSF and his alien OSF and his alien friend. He will put it on rec juice. He will put it on his skin. He will be an alien. Congratulations, OSF. Congratulations OSF. Damn man. OV bought an alien punk. I mean literally, from the streets of DACA to owning an alien punk that is the craziest
come up in crypto. It's really It should be a movie. I'm not kidding. This should be a movie. I agree. He even fought in between, like the whole boxing thing. Don't forget that. All right, I got to go run and pretend to be a human now. OK, you have fun. You have fun doing that.