Yo-yo, yo-yo, yo, what up? What up? Good morning. Good morning. G MG The Friday, October 20th, 2023. Look at that. Another beautiful day to have a beautiful day. I got my calls to the house. Mando, how you doing today? I'm doing great man, a day of travelling yesterday nice to flying to Lisbon during Atlantic Storm. Wild flight, but yeah, made it back. Not leaving for a month, at
least now. So I I hate those white flights that I, I I I don't like it. We were on the tongue like 2 hours we take off and then they were like, yeah we're gonna green light it. My wife was like, you shouldn't, you shouldn't fly in this. Like it's horrific. It was horrific and it was a big storm coming through and then, but when I landed it was like, it was fine sunshine. There you go. We landed. It was fine sunshine. So that was great. That was a lot of fun. I know movies on audio.
What's up, Ovie? Never mind, so. He's driving, right? I know he's driving, yeah. Ohh, do your thing. You drive home, drive safe and we'll see you when we see you. Sorry, Whoa, sorry about that. We are so back to broadcast is in. We are live as usual, across all platform on audio and on video. There you go. So you were flying from London. You guys had a retro yesterday. So how did that go?
I forget what do we even talk about it, It was, it was, I mean we booked it this year, we put it while back because it's meant to be anti London this year, this year and we had two weeks to choose from. We were like right, we either do it near freeze or do it near London and the London end up cancelling take them off vibes. So it was it was mainly European focus, although like some of the OG rec guys flew in.
It was really good. I actually, I actually think I even preferred it to the year before because the year before it was just fucking. There was just so many people you could even couldn't even walk around the place in London. So it was a it was more chill the London venue smaller than the the, the New York venue. So it's it's just easier to have that many people and then. Maybe he wasn't drinking, but I yeah, I I, I kind of continued with the core group afterwards. Hello. I love that.
I mean, one of you guys had to carry the group, right? Like what? What? One of you guys had the ticket for the team. I like that, that I wish I was here. I wish I was here. I was here. Mando, if Mando carried on. Listen, Mando gets kind of. Mando gets quite fun where it carries on. So I definitely wish that's. Why? I'm a fun hip. You are a fun guy. Wait, remove the hip. You are a fun guy these days. You're definitely a fun guy, but it's been a while since we've
gone out together. Yeah, out, out. Been a while, Been a while. We did the little, you know, little knack things, but not that, yo, Miami is gonna be wild because because always knocking that guy out at the end of November and then he's coming to Miami from there. I'll be in Miami early on and then we have Basil, so like he'll be able to drink as well. It's celebrate like 3 months of
like hardcore trading. Well, I imagine the the guy's gonna rage like training twice a day for all this time and you fight. I went over to his house. He was he was full on training. But he's. I mean there is just imagine that's like you're about to go into the ring with someone that is pretty big motivation like at all times. Mostly thinking, fuck yeah, I really want to get punched in the face. Like, also not wearing headgear, right.
Exactly like. I don't know, although I saw the video of like rookies fight two years ago. This is amateur level, I think. Yeah. No, I would. You fight. With them, we're in shape. Did you fight? I've I've I used to do a bit of boxing. I haven't. I haven't for a long time, but would you fight? Like would you get on the ring with someone? Big ass head. You know, Like, I think it's a it's a big target for people to hit. So I don't know if I'd be the
best. Yeah, but that jaw, You've got that English jaw, you know, like this. Jaw you could take, you could take some punches, you know. Yeah, why not? Fucking throw me in the ring? Go. Let's go. I don't know. I'm not. I wouldn't do it. I wouldn't want it. Like what if you get hit in the head and then you? Pay to beautiful to bring man like. No one's touching that hair like the glass, like the whole thing is just perfectly manicured. There's no way we're putting you
in a ring, right? I appreciate that. But I also am saying like I don't want to get punched in the head and end up like redacted, you know what I mean? Like, like that's like my biggest scare. Like I'm looking at all these even these YouTube boxer fighters, like they're still getting hit in the face. They're still getting hit in the in the back of the head and stuff. And I I don't, I don't know, I don't want to. I'm not into that.
But anyways. Tyson line right Everyone's got get punched in the face yes that's that's that's definitely it that's definitely but anyways talking about plans, talking about plants today on the show, today, today, market update October is definitely back. I mean, we had a wrecked over for like a week or so and everybody turned bearish. Look at them now. Look at the timeline. Now we're not going to celebrate. We're not gonna over celebrate, that's for sure.
I mean, ETH is definitely not worth celebrating for at the moment, but it's still October after. Also, we'll be talking about the market. We kind of talked about the rec show. We can catch up on the F1 stuff. Maybe on Monday because it's going to be a big weekend. It'll be fun. Elon Musk. Elon Musk goes full tumour, warns us about the economy. I saw he even posted his arsenal of weapons. That thing is crazy.
Gary Gensler throws in the towel again 1111 and then uh should you keep up should you sleep on flooring protocol to some more updates on that front. I'm seeing out over my timeline so I'll I'll I'll probably let you take on that one because there's a lot of stuff going on that front.
And then last but not least reminder that today is the last day for your is the day for your stubs burn from Starboy who was on the show on Monday. If you want to listen back to the podcast right is Mando market update woof we hit 30 point 2K this morning overnight. I don't know when, but give it to me what's happening in the market. Market feels good. It is. It is. I mean, it's really just Bitcoin and Solana which which have just skyrocketed.
I think I was looking at on the monthly sort of the last month. Let me just bring this up. I think Bitcoin over the last seven days. Bitcoins up 10%, Solana is up 25% and ETH is up 4% if you do that over the last over the last month. It's it's even more aggressive. So over the last month, Bitcoin is up 10%, Salon is up 35%, in ETH is down 1%. Which just tells you it was kind of what we said in the show last week.
Like I I think the the narrative right now is with Bitcoin and some of these, particularly Solana, um, some of these all ones which are starting to like see some activity as long as probably the most obvious that there have been a few others in that world, but everything else hasn't really had a great last month. Everything's picking up a little bit, but it still feels Bitcoin there, or Solana LED and everything else is kind of just playing catch up.
Um, although there were some popular short squeezes out like Matic got short Squeeze today and a couple of other ones, but everyone has been piling into shorts. Seemed to feel some pain. What caused this? Well, there's a few different things. Mainly we'll get into it a little bit later, but Gary seems to be slowly throwing in the towel. You you saw some positive news about Ripple. They're not going to continue the lawsuits against the
executives. You've just seen continual news about the ETF and I think at this stage, as I've said before, like I think it's going to be slightly over exaggerated how big the effect is going to be. But that's the narrative. And one thing I've learned about being in crypto is that a narrative can just take you to a crazy level. It always overextends and then and then when the reality hits in, it could be very, very painful.
But I think the the hopium of the ETF could really drive things and you're already seeing that like. It comes up 10% in a week and we are what, close to 80 days left now? Um, there are a lot of different
predictions at the moment. Matrix Port, put out at a very popular research firm in Crypto, put out a report saying they think by the time the ECF is approves, Bitcoin goes to 42 K and potentially up to 57 K So the hopium is being fucking smoked across the market right now and that feels like no one's really going to stand in the way of that narrative, particularly in a world like this. That wouldn't make sense if everything else is getting smoked, but gold as well has had
a huge week, right? Gold is up. Close to 2000 an ounce right now which is, which is like the highs of where it has been recently actually hit just over 2000 a day three month high. So again digital gold, everyone buying it because they're panicking about macro, they're panicking about debt like U.S. debt.
He's got absolutely insane. And then you have things like the what's going on in the Middle East right now, what's going on oil, there's just nowhere to hide if you're, if you're a trad fire investor, stocks aren't having a good period bonds. Like we just have the ponies are going through 5% nearly yesterday. Um, so crypto just becomes this this weird safe haven asset? Which which I think could be attractive over the next couple of months as well. So there's a lot of things.
All coming together for Bitcoin right now and that's driving it higher. You're not seeing the the big utility drive that normally needs which like we need either to be burning right? And it's not happening, but it's kind of still being dragged up high, but definitely underperforming. And then Solana is really his own real question, which is what's going on FTX side, the state, the majority of their Solana.
Teams and whatever they were going to sell was massively exaggerated, clearly Um, and you've just seen inflows, you've seen institutional inflows into that for a while. So as long as it's got a good story behind it. So that's kind of leading the all ones are we so back? I think we will continue to be frustrated with death. That's what I think. I think today is a sort of day where it's like underperformed so much. It might, It might catch up slightly, like it's
underperformed. So much like, so much, dude. That's a Salana. It's a 35% underperformance over the last month. Versus Bitcoin it's 10%. It's not a small amount, a gig, a gig erected under the OSPF thing, right? So it's catching up, I feel. Yeah, of course. Everyone talks about yesterday with Solana. Yesterday with Solana was December was like Solana hit whatever it was. Eight or nine. So like it was peak FUD for Solana then. So maybe it was underperformed.
It's up 140 percent, 150% so far this year at a very, very big year. But from a low back. Hold on, let me share my screen again. Yeah, I mean, look, man, so a lot of was the investment this year, huh? Like, that's a that was him. So a lot of him. Where is it at? You're looking at year to date, So 145%. Shit, that is crazy. Wow 105% what's What did XRP do today? It must have spiked a lot. 7 points Baker went to 30.2 on on some exchanges earlier, which
was really good to see. It's back at 2029 six. It reached a tiny bit, You're right, ethos trailing, but Ethan is up about as much as Bitcoin over 24 hours. That's six out of 10 now. Today feels like the day. It was like, right, Come on everyone. Like hilarious amount let's that's maybe drag it higher. So I think, I think this is the sort of day where we're reclaim some ground. Like I just feel that in my like just looking at stuff it just feels we are Friday after all we
are. We are gold candle Friday. Don't. And remembers what they actually own. But yeah, it's I think medium term. I think for the next 90 days or 80 days until that ETF Bitcoin outperforms. Form but today is the sort of day work where you could go the other way and that has spread. You've seen a bit more of the Unchained like stuff that's come back as well like ticket bitcoins back $100 million market cap or very close to it. Again the OX token, you know the Suzu token that's up 4050%.
Who knows when he's coming out of gaol but that won't be that would be relatively soon seen some other meme coins have big moves higher like it's maybe coming back slightly some of those things so. There's just some, there's some green shoots out there for sure. Yeah, there's a lot of good stuff happening. Actually there's two spots on the back of the wing of the F1 car.
So I'll be reporting on that. We were reporting on that as our friends just keep on battling boreholes for people to be able to have water in Africa. So bullish on them and I don't even, I don't even own a single token of theirs. But I want them to take a pop because I like what they're doing. I've got my own bag of of Chequers that is actually coming back pretty nicely as well, actually. How was Pepe doing? I haven't looked in a while. It's sweet. Are we back? I've helped.
I've held the back pretty strongly. I'm not gonna lie like I I am officially a diamond hand holder or community member. I don't know but. Didn't get his reckless the other tokens recently, like a lot of the other tokens got wrecked, but it hasn't really bounced as much as the others. Yeah. So it's kind of getting this range since September, whereas a lot of altcoins got absolutely. Smoked over that period, just stayed. I think it is literally where it
was on September 9th. So yeah, the last month has been relatively flat for it, whereas most alts have been down actually. Yeah, no, they have been. They have been. Listen, it would be cool. I mean is it got cancelled Friday or is this is this the Pico top? So, so the the thing that people look for Bitcoin here is 31 K, which is where it kind of topped out last time. Like 3032 cars topped out in July. July, OK. Head and shoulders pattern which is like you reach a lower high
than last time. So if Bitcoin doesn't go to that level or I think you see some resistance basically around 30 point 531 just because people were trying to play for that sort of pop chart pattern, but. The thing that feels different to me about this time than the other times is that there's been massive spot buying. So and what does that mean? Obviously you can trade futures, let you do on various different futures exchanges or you can trade spot.
What's been happening recently, people have been going out and buying spot Bitcoin. It's not just been degenerates going 100 X lever, it levered, it's people actually buying the spot and you have it's mainly been long term holders because the long term holder ownership ratio is kind of at the highest it's ever been. So you have this period where like it's actually going into the hands of people that are going to hold on to this for a while and that's.
Pushed. You can see that in the on chain metrics a lot of the funding has gone negative and. That feels to me more substantial than us just dicking around in a range and and everyone playing the 2630 K range, um, last time we got to these sort of levels you didn't see that level of spot of spot buying. So this feels more substantial And as I've said to you before, even if we see a retrace, let's say we hit 35.5 and we go back down to like 28 or whatever. I'm telling you like 40 days, 30
days before the ETF. It will just be everybody's talking about Unity, wild predictions from a bunch of different people already seeing it. I think it's a buy the rumour sell and use thing. As I've said several times I think you wanna people started positioning yourself now to exit towards the end of December or early Jan because there's going to be just unbelievable amounts
of hopium going into that ETF. And then you you either just shut down your risk in jam or you just be prepared to hedge or or be prepared for it to. To go lower in my opinion. OK, pass me the hope here real quick. Dude, everyone's got hold on. Ohh thank you. Ohh yeah it's good. It's really good. Hold on. I I messed up my screen. Now there you go. Anyways. Well, listen, I love to hear that. Feels good. We're not playing No Pump it Up song. Nothing.
I was showing the weekly chart on Bitcoin. It's looking juicy. The East Weekly chart. It's alright, but we'll get there. We'll get there. You know it's I chose Earth as a store value. That's why it's gonna pump, so so say. One might not pump and shut up. So I don't know. I just like the timeline. I like that people are starting to rally and everything. You know what is it it the the chart, The price is an aggregation of vibes. The vibes are positive.
Again, you absolutely love to see it. Anyways. Anyways, anyways, so we're another topic today about the SEC, which obviously you cannot. Touched on. Whoops, I think I'm going to skip over that one. Mr Simms. There we go. It's Gary throwing in the towel. Apparently the staff is just doing a bunch of work on those multiple filings, and so the SEC drops charges against Ripple executives Brad Garlinghouse and Chris Larson in ongoing XRP
litigation. So all the allegations, all of them that the SEC had about XRP and their founders were dropped yesterday. They've dropped it. It's over. Well, C is no longer seeing. That executives. Just good, fancy executives, right? Yeah, exactly. So they've still got. It's highly, highly likely that the SEC and Ripple will settle now. Yeah, for sure. So just starting to see the.
The beginnings of that, it looks like um and then yeah, look, he said yesterday, he's or two days ago, I think it was that the bunch of staff are working on the Bitcoin ETF applications. What you've also seen, which people are saying is very bullish, is there have been a number of successive filings. So when you do these ETF filings, they often come back with comments and see like you've got to do this, you got
to do that. And what you're seeing is, is that without any response from the SEC. Response. You're seeing these ETF providers update their submissions and what that indicates is they are speaking in regular dialogue with the SEC and the SEC are guiding them to how to be successful. So this is putting it as a very high chance that it goes through. Mike, no regrets, who runs Galaxy Digital, He kind of very, very well known crypto OG.
He came out and said that he thinks the ETS will be approved before year end, which I personally do not. I see happening, but I think in my mind I thought Gary would wait until the 11th hour. He would wait until January and then he would go like, OK, you get it. You get it. Literally 12:00 PM on the final deadline, you you're getting it. Was that 12, midnight, whatever on the final day? You'll get it. But then there may be a chance you know that.
Like why wait? Like if he's if they these, these guys all, all, all. What does he know? Does he know? What does Novogratz know? I mean, I'm going to play you all the clip of Novo here. I mean, what does he know? Of dealing seemed to be heading
in the rain. All the the indications of of dealing seem to be heading in the right direction and that's you know from what Mike though because I don't want people to Mike, people are gonna say he's talked in his book, he's got he owns a lot of Bitcoin. He wants this to happen obviously. What would you pinpoint and specifically suggest that you're seeing around the approval process that is somehow different today than it was a year ago than it was two or three years?
Ago, The most significant piece was the SEC lost in court, right? But the judge has said it. What are you talking about? SEC? You're you're you have a futures ETF and you're saying you can't have a cash ETF. That makes intellectually zero sense. And I think that put the SEC on the back foot. And I think Gensler needs a win. There's a tremendous amount of pressure to do something that is rational. The American public wants this.
BlackRock, who's the largest asset manager in the world, is out publicly saying we're going to get this done. And it's, you know, I can't talk specific about. Conversations or guys are having on and you know that's on the the Invesco side, but talking to all the other people, it just feels like the dialogue with the SEC is all heading in the right
direction. Boom. And with that, I have another clip to play for you guys, which is the clip that Mando just alluded to from from Gary Gensler himself that was recently out. The thing a couple of days ago. She didn't appeal. We didn't appeal last Friday. I think that's accurate. In the future and perform but what we have in front of us just so that the viewing public understands we have not one but
multiple. I think it's 8 or 10 filings that the staff and ultimately the Commission is considering for what's called exchange traded products for for Bitcoin to be in a in a in a security. So the Bitcoin would be held and then there would be something called an exchange traded product and that would trade on various stock exchanges. And those filings are in front of us.
I can't prejudge any one of them, but there's eight or ten that we're looking at. Well, there is a large number and there is kind of a narrative in this market and I wonder if you could put it to rest that someone's going to get to go first. Is that likely to happen, or is it likely to be a group approval? If you're going to have one, a bunch of products could be approved at the same time. I'm not going to prejudge the staff doing work on those multiple filings, but it's also.
Listen. Mando. I like those clips. I like, like he's he's throwing in the towel, doesn't it? It feels like he's like I tried so hard. Some people were paying me to hate crypto and I had to hate crypto. And I just can't stop it. But The thing is, like, that's what it is with like any digital evolution slash revolution, right? Like you cannot stop the inevitable. Like you couldn't stop the Internet. You couldn't stop the move to like, I don't know, fucking the iPhone and digital whatever
tablets and all this stuff. You can't move stop the move to like digital art, right? Like try to account. Stop that move. It's going to happen. Kids are born with iPads in their hands. Literally, you know, I mean, so the next wave of art is. Or I'm gonna be digital because most of them are not know how to use a pencil a pen. You know what I mean? And then you you can't you can't you can't stop the next wave of of of evolution of global store value of currency of.
I mean these kids are being trained on Roblox at the moment. I know parents that purposely let their kids play Roblox here and there because they want them to learn like some of the things that you get out of it. They want them to learn the trade and Bob Dylan, how is that gonna happen? Like Ethereum to me. Look, it could not be. There one day, but I think it's gonna be which layer being built on top of the Internet, and that's what's.
And the theorem is going to be used to trade is the digital currency. And you're gonna have the digital digital, which is Bitcoin. Like, you, you, there's some things that you just can't stop, no matter how hard you try to stop. At the end of day, like, all coins aside, Bitcoin is hard money, right? Like there's only ever going to be 21 million bitcoins. Yeah. And you just can't. You can't, you can't stop it. So it's, you know, and nobody, nobody can mess with it.
And so I don't know, it's it's interesting, it's interesting. All this is getting incredibly bullish. I'm just trying, not personally, to get too bullish. I don't want to go there again, dude. Like, you know, like what happens if like November, like we just get wrecked and it's like such a like sad month in general. It's like November, December.
I think the main things that you should worry about right now are Ohh if the if the US government starts hammering down there but common they have a time remember and you have the other one is Mount Gox has got quite a lot which they they said would be delayed to 2024 but they might start the payouts at the start of 24, so the end of this year. So you could see if those wallets start to move then I think you could see some
downward pressure. Be very aware of that sort of stuff if you've got level trades on. And then, yeah, I think the other thing is just like the world is just looking up to date in its rivals right now. And I think that does play into Bitcoin's hands over the medium term. But you know, I don't even looking at the USUS government debt markets, not even like we,
we talk about it everyday. But like it is wild how much debt the US has got right now relative to its GDP and also how wildly expensive the service costs are. And you're starting to see interest rates even go higher. Even with the Fed being like dovish indicates there's some indication that people are worried about the level of U.S.
debt. This isn't just like Ohh will always get repaid like the the Fed has broadly been slightly more dovish in its commentary and we've still got interest rates going higher, which kind of says to me that people are worried about the US's ability to pay back that debt. And that's that's not just there, that's like across across
the world as well. So I think there's just something to be aware of. You know if we if we see another bank go South for a certain reason and and people start to really question the the the the high levels of debt and the
economy. It kind of goes into the point that you know, I mean we can get into it like the next point we had was was with about what you saying which is he he went on the Tesla earnings call and any of you know but Tesla stock is down like 7 percent, 8% of the last couple of days. And that was because he was so bearish on the consumer.
He was like, look, the consumers up to their eyeballs in debt, they were paying back these Teslas and and now they've got like 20% interest rates to pay them back and they haven't got any money. They dip into their savings. That is just endemic for the whole industry, the car industry and then it goes across to lots of other industries as well, like people are. People are really, really, um, being affected right now because of the amount of debt that
everyone had. I think even on a national debt level, I think every U.S. citizen has $100,000 of debt on a national debt level. So you you are born, you get 100,000 of government debt, puts your name that you know you and your fellow countrymen will have to pay back of of the course. Of my fellow countrymen. Yeah me my people.
I mean you Canada is in a in a better state but we have consumer debt which is is is the wildly high level across the board too like it is it's it's worrying right now for for a lot of different industries the the main save has been a I but but this debt bubble is just I don't see anywhere out of it. I just don't see how it gets fixed. It's it's approaching crazy levels. Yeah, that is, that is crazy. So that was literally like what we wanted to get into this perfect segue, right?
Like, you know, Musk just warned about credit card debt, commercial real estate and foreign conflicts. And so he's a, he's starting to get a little worried about everything going on around the world. You know, he says that obviously, like what you touched on regarding the automotive industry. And then, you know, he warned people about all the stuff that's going on around the world and let you know.
The war on the other side of the world is not looking like it's ending anytime soon at the moment, right? Like you were like to to what you were saying, like you pulling it out. Two things that could happen to Bitcoin, like with my godson, the US economy, the US that has a lot of Bitcoin. But the third thing is like, there's a very serious threat of like the war just like
escalating, right? Because from from I read here and I'm still trying to follow somehow like amongst like the sea of misinformation that you guys talked about on the show on on Wednesday. But you know there is a. There is there is still this concern about like a lot of powers that may be getting involved in in the war there. Last I checked I believe Biden was was in Israel most recently talked there and and it's not it's. We haven't seen the conflict resolve itself, right?
Like I'm talking about it because I I've muted all the fake information people, so I'm finding not seeing them on my timeline. But so I've trying to, I'm trying to like read the actual like what's happening, happening on site to better inform myself. And it's not looking like it's getting better in terms of a peace. There's no ceasefire conversation on the table. Yeah so Biden think go to Israel. He was meant to meet with with Israel and Yahoo various
different Arab leaders. That meeting with Chris got cancelled after the after the hospital incident and then he he left without without anything really being resolved although showing off Israel. Then there was a UN Council meeting which got price for people proposed and have a ceasefire that did not get passed because the UNUS actually blocked it. It looks highly likely that there will be some form of ground invasion by by Israel into Gaza. Now I don't know the extent well
that that will be. There's a lot of back and forth how much that will be but your science regional incidence of violence, the main one would be Lebanon, Hezbollah, which there's been like skirmishes and various different rocket rockets being fired at the border areas. But there's also been some violence in Syria ways and the UN has two massive aircraft carriers as well as huge amount of of its fleet in that area
right now. And there was some, again, some skirmishes that the US had to like intercept rockets two days ago. So yeah, that's not gonna get resolved, I'm telling you right now that. We are, yeah. One for a while. And I I think that you're going to see some form of, uh, an
invasion. I I think the that Israel will be, it's going to be limited like the US is, is clearly going to put limits on what it can do. And I think I'll show that it's it's showing regard for for for civilian life and really just try and have to pinpoint the thing about going into somewhere like Gaza. You have to have very, very clear objectives. This isn't like going into Iraq or Afghanistan. This is like you can't.
I mean this one is not going to end up occupying Gaza like it has to have a very very clear objectives of what he wants to go in there and if it's going to try and eliminate Hamas leadership it's got to show the US how are we actually going to do that because they're not gonna allow you to go in there and and like right. So you have to be very clear
objectives. I think that's that's kind of the the, the situation that you're in, it's been delayed because they haven't really been able to show that. And the large amount of where Hamas hangs out is in tunnels below below Gaza and that is just a very, very difficult thing to to give any confidence and be able to overcome it. So yeah, you're this kind of like weary. Nothing's really going on, but I think something will happen and and this will not be resolved soon.
No, no, definitely not. I Did you guys see this? It's super grim. But like Nick Tomatoes shared yesterday, I'm gonna share my screen for a second. There's like markets. On like like with odds to bet on like the outcome of what's going to happen in the world. Super grim right? But I thought that was an interesting tweet and he was saying Middle East markets to watch via Poly market. Hamas is still being power in
Gaza by October 31st is at 89%. Another nation to declare war in the conflict is that 12% Iran to officially joined the war in 2023. Seven percent Israel and Hamas ceasefire by October 31st 6% Hamas the surrender. In 2023, three percent. Look, they don't have a high volume in these markets, but it's still like, first of all, it's super weird to me that people are like betting on this. I'm not gonna lie, like I'm a big gambler.
This is nothing I would ever touch with a 10 foot pole, but it just it's like a good like gauge something on like the how people feel about you know global. Politics and then which could sometimes touch on, like the macroeconomics and sometimes even the price of Bitcoin and whatnot, but. You know it it just looks like people believe more, like there's more bigger odds per people that like Iran gets involved. Then like there's a ceasefire, you know what I mean?
So it's like, well that's your love, but the sentiment and like the only way that you get some form of ceasefire, imagine is the hostages get returned and that is not. Which is not happening. It's not an easy imagine. So like, I think that's a long, that's a long road. Um, it's not insurmountable. I know, like they've been horrific times in this, in this conflict before which have seemed insurmountable and then ends up being resolved. But like that it's a long road from here.
So yeah, I think, I think it's, it's, it's a difficult one to imagine how. I don't think Iran would get involved in this though. It would only ever be. It's really very, very tied to that. But let's hope that they don't. Saudi Arabia came out yesterday and they said, look, we want to, we want to who are really in some ways like they control a lot of the situation here because they were trying to go for peace with Israel.
They said they want to return to the borders before the Six Day War. So I guess 1969, which is kind of what the Oslo Accords were back in the 1990s. Obviously there were various different regions negotiations since then which never really got resolved, most notably in 2000 at Camp David and then another one in 2007. But the look, I think most people want peace and they need to find a way to get like they need to see a route there right
now. It does seem as though this big things that have to happen for that to that to change. But yeah, maybe, maybe there's enough people who can who can who can get us there. Yeah, yeah, yeah, yeah, yeah, yeah, definitely. Yeah, still crazy situation on this, so something to look out for because that definitely will have impacts if if if it does not get better Ovi GM. GM How's it going? That's a nice bed frame. I think we've just been completely rigged by this hotel.
Why? What happened? Well, not rigged, but like, we just had this like. Uh, voucher like from our wedding to like use up for a hotel stay and it's like 500 pounds. Like the voucher is worth £500, but like the room we have is just like not great and I'm not sure that sounds snobbish but it's not like I don't mind staying here but it's not worth £500. Nice hotel. So it's like this. Probably should be valued at like 200 pounds, 150 voucher room, did they?
I definitely, definitely got the voucher room like. The question is, is there a gym? There's a gym and there's a spa as well, which is why we picked it, but. Love to see that. See that? Like I have to go into the bed because like the. There's not much space to sit to sit down on my laptop. I got lucky. I got it to Australia. Is it sunny out? You know, you have a nice. Where are you? It's not starting either in Bath near Bath. What? Nepal fast, There's a. Bath is a is a city.
Boss. Yeah, in the UK. Like bath, like BATH. Like Beth. It's called that, the famous Roman baths there. So it's a school bath. Part OK. BHF. Bath. Yeah, nice. Sounds fine. Nice little weekend retreat. Uh just for just had one one day voucher one night voucher. So we used it for and just drove like is it gonna take me like 1 1/2 hours to get here And there's a like a massive car crash so ended up taking us 3 1/2 hours to get here. It's like, oh, finally got here
and. Where did you use all that to use the voucher for one? Night just so annoying because there's so many nice places you can stay for a voucher of that value that I have stayed at before. But I was like, Oh no, I'll try something different. Let's go to Bath and be a bit adventurous and just like complete rug. You should have just had a Mayfair bubble day and stay. Exactly. And stay. You should have just stayed there. Exactly. Fastball problems are not trying to.
I'm not going to. Yeah Oh my Says man spent 200 on petrol for £500 voucher, Yeah. Honestly, like there and back will probably cost me like 100 / 100 pounds in petrol. Especially with the price of oil going up, let me tell you that. Anyways, last topic we had for everyone today before we take off on the phone for Friday is flooring protocol. And before I go to you, I want to share this this video that men put out. To game. Now the the videos. Videos not good no no cancel.
So the video apparently is not good, but should we be paying more attention? I thought it be a video about flooring protocol. It's just a video of him actually. This was the video. It's just a video of him playing basketball. I have no idea what do you mean, but the threat is good. The threat is good. Good. The video has 00 correlation to OK, hold on. Because cause meant that I like men as a content creator in general and and so the the threat is really good.
Like I'm someone who I didn't have time this week to look at the flooring protocol. I'm gonna read this and I know I'm gonna get my information. But now let's judge the video. I'm not doing. This will change the game. Forever. Explain to you under one minute. Let him cut. I'm about to click out on this shit. I'm about that. Somebody. I click the trigger. Come on. 19. She got, she got a green. Nadine, Christine, Justine, Kathleen. Charlene Pauline, Pauline. Man iPhone like I I like it.
This makes me want no but no. But this makes me wanna read the thread. Like this is bad. This is the video. So it's not a video explaining FLP, right? It's a video making you want Hyper FLP and thus making you want to read the threat. But just so you know, what you saw in that video is what it's like being with thread guy 24/7 right now.
Like that kid cannot stop rapping like Claudine, Charlene Pauline all day in the street of Austin, jumping on every scooter he finds and going pop pop, pop up and just doing stupid shit and dancing in the middle of the street. So just, you know, that video is what it's like being with TG over here, and I love it. But. But yeah, I mean, listen. Um, yeah, yeah. I mean, listen it it definitely. I would very much go into men's
profile, read the thread. I mean we already, we already said what foreign protocol is. We did that. So are we bullish, are we buying like what's going on like I, I, I'm here looking at it at the powers that may be out in Asia wanted to pop, that's my thesis. Like, what are we doing? You know. And not, I am not gonna talk down the the Asian bid for for coins. I think this could go like up to any level and I'd be like FDR. If you get wrecked on the show, it's on you.
I'm just saying I have 0 tokens. I don't know about the boys but I have none. And if I buy a bike, but if you get wrecked, you get wrecked on your own. Go on. Remember like. The ticker is FL R, which was the ticker at that random A. No, it's FLC. FLC. Yeah, I was like, ohh right. I know, but the ticker is mocked though, but go on. You guys are shameless. Look, I think, I think, I think they're seeing huge volume. They're seeing huge volume. They saw $1,000,000 of of boats
put in there yesterday. What I would say is this is. This is just old coins with pictures to like the next level and we've seen fractionalization happen in various different forms before. Never really worked out like these poor. We had FCX which really had a big run up and then never really happened. You had the tessera pools now you have this and then you have pseudo swap as well which which have tried this sort of stuff
and they all have this this. Load of people start using them and they just like stop using them. This feels like it has enough Ogs behind it. People like ding-a-ling is huge in it and a few others that maybe it lasts for longer than the others, but so I think it's worth paying attention to. It's worth trying out. Like one thing I would say is that when you when you put your NFTS into these pools. That's kind of you saying goodbye to them like you can still get.
Let's say you put a let's say you put some mizuki in a pool. You are really just putting them in the pool and it then becomes like a lucky dip. But when you then take one out, you're not going to get the one that you put in or it's highly unlikely that the one you put in. So you kind of that's why it's flooring protocol that you're putting in floors and in response you'll probably get floors back, but the $1,000,000 import evolve yesterday on the platform. Yeah, that's what he said.
Yeah, so, but you can put in rez. They have other ways that you can benefit from the protocol that you put in res. It's all the value of putting them in. It's all tied to this new token, which, you know, if it pumps, then people will put even more in and then it will be a classic. It will be a classic Ponzi, but I think it's worth paying attention to. Think there's some opportunity here. That's what I'm seeing.
Maybe not just opportunity, but just think a lot of people will be playing around with it. Um, they're they're classic risks are things like smart contract risk, hack risks that we've seen before. I think they've probably borrowed a lot of the code from people like FTX, so maybe maybe they're in a better, better scenario. But like be aware that when you put stuff into pools, just like in define, you hear about defi hacks. This is exactly what could happen here.
But other than that I think it's fun to play with see what I was thinking aping the shit out of the talking the other day before flying. It's like 4 mil, it's like 2 1/2 X now. So I'm kind of bummed but because I was looking at it like versus blur at like 100 something million market cap and I'm like well these people actually been Max bidding NFT's all bear market. They have millions of dollars of like assets that they've acquired. They want this to do well.
They need this to do well and it's like the whole Asian bid and like they're pretty smart people from what I've caught onto the timeline and what if seen of them over the last few months. Last year is notably Dingling and got to see you know obviously free lunch PIP capital around. I I think it's interesting. Listen, we always said that in a bull market. Climate What did you say the market cap is? It's at 9.85 right now. Is it? I thought it was just. 200 million ohh FL You were probably
looking at the wrong one. It's FLC is at 9.85. Dude. It was at 5 million two days ago. Yeah. I just sent you the link I was sharing on the screen just now, but I'll just say it. I thought it was much fun though, but I'll just say to you again, no it's it's literally like the Flooring Lab crew. Like the the the FC we is is 9.5 market cap. Is that quality? Much harder than that, no, I it's not too sure.
Here one it's the same one. The fleet at least my cap is 200 million, so that's OK that that is a lot. Yeah, there's definitely, definitely doubled over. Blur. I mean, what's the blur? I mean, it pumped the other day and then just like kind of dumped right away once, like 21 cents, $0.19 right now. So it's just. Like it's working. 550 million, 570, yeah, 570, you're right. You're right. You're right about this. You're right.
It's. Like a little pump, you know, I would be aware there was a very high true, I didn't realise that 197 on on on here when you go fully diluted here. So definitely something worth looking at. But there's opportunity everywhere, man, this bear market. I do think that like even the blur model always said like in a bull market for NFT it works.
It's just it launched at the worst time and it's done like it also like the incentive was extremely misalignment between the team in my opinion the community and everything. So like that didn't work out but like in the bull market like stuff like flooring protocol he didn't blur like that works but not in the bull market for coins like in the bull market for
actual NFT. However in the bull market for coins I'm I'm thinking if you tokenize down to like just the the ERC 20, all these collections like Portia Club, like is that going to drive the floor of like the actual assets up. It probably will. So like I'm thinking maybe the next one on FD is now the way I'm trying to think about it, I'm curious how you guys feel about it. Is the next one. FT is going to be led by the ERC 20 and not the image.
And then the image obviously is going to be sustained by the community, blah blah blah and that's going to run after that. But it could be an interesting way to see things like if the if everything's becoming just a alcorn with picture, like quite literally, then the picture runs next. The people will hold the picture and get into the community if they really want to be part of the club and blah blah or like any other collection rec guy, whatever you name it.
But then some people who just want to speculate then don't even need to spend picture anymore, just by the corner of it and just be done with it. And I find that interesting like I I could see myself like instead of buying like the actual image one day like for new projects and stuff like
that. Like you know how the bull market was like just go straight to the shipyard, get done with it and then and then like for the ones that I actually like, like that's why I actually collect the NFT, because it's like a sentimental value to like acquiring like an NFT in my opinion. So it could be an interesting way to see things. But of course it would require much more stable like bull for coins first in order to get there. But I don't know like could.
I'm not saying FLC will lead to that. I'm just saying could something like FLC and or FLC lead to the next run on NFT is and could be interesting. What you guys think about? I don't know if it would be the next one. If you think you need something that's not like. Makes you anything that's not like game driven, good gamified to lead running, just need people to actually want to buy NFTS for real reasons. And we've seen we've seen how gamified attempts have failed.
Like Blur is a great example of that. I'm way more busy. I'm wishing the on the Pokémon cards than I am on something like this. This feels like the infrastructure stuff that, yeah, like if this guy's gonna buy Charizard PSA 10 first edition and then next weeks, I feel it. I know you. I know you. You. You're already looking for one, aren't you? No. No, I'm not. I I thought you. If you ever do, though, I got you. Like if you ever.
Want out of you is out of you is out of your way this yo should we buy one like I'm dead ass like do you guys wanna like Co buy like a maybe a PSA 9 like Charizard first edition like we should just second Nakamoto of like it's the Nakamoto of Pokémon like I'm just saying think called Buster up he can hook us up but but we should you know what we should do an episode about the whole Pokémon thing and then just bring Buster
out. It could be fun but because that that stuff is heating up like the whole Pokémon market again and that the whole NFT run was after the Pokémon run in the first place just everything started to light up like pre 2021 and FT run right now. Bitcoins lining up, looking on WA and all this shit sliding up. Like even the watch market is slowly picking up. Like slowly.
I've been looking a little bit to see if I can catch some steals before it runs, but like, you know, I don't want to be left behind for my 30th birthday next year. You know, the Raging Bull mark. Everything's like overpriced, but you know it's it's starting to heat up. But anyways, Capo could be right. Capo could still be right so. Capo can still be right, because Capo actually wasn't talking about Bitcoin. He was talking about all these old coins.
I don't know positions. Are but that's such a cop out though like at the beginning he was so bad. He's like, yeah, that's a cop out and that's be like. Yeah, I agree, he said. He said. Yeah, you agree. I know you agree. He said 12 K Bitcoin and he stands by that so exactly. So I mean, look, we could still see another pullback. You know, we've given the reasons today, but we'll see what happens. But anyways boys, what's your plans for the weekend? Ohh this steps burn.
Hold on before we talk about weekends stops Burn is now live. So if you're meant not fair dot XYZ 4 slash stops 4 slash Brian it's on screen. You can scan the court court directly. Go and burn it Star boy baby, I'm a star boy. Anyways this the piece is fire. The collection is beautiful. Check it out. Get your stubs. And with that, boys, what are you doing this weekend? We know what you're doing, eating protein and working out. Yeah, exactly. Rugby World Cup final this weekend?
Ohh, who's in the final? I believe it's, uh, England. And sorry, England. Sorry what I say, not World Cup finals, semi final, but England, South Africa are playing tomorrow. Whoa, Argentina and New Zealand as well. That's too big. It's today. He's in today, but the England game tomorrow. Damn. On the cricket. Ohh, we're having a shocker in the cricket. You know, we lost. We lost Afghanistan. Again, come full circle.
I mean, England can't catch a break between the football World Cup where we just kicked you out and then now you. Know we were with the cricket World Cup champions, so we won both the 2020 and the and the one day. You know what? I'm going to cheer for England, for rugby, because France got knocked out. So I'm gonna, I'm gonna, France just got knocked out I think this past week. So I'm going to cheer for you
guys. I'm going to, I'm going to cheer for you, beat South Africa and then we're gonna either beat Argentina or the the All Blacks. You know, I'll cheer for you guys. Let's go, let's go. That's fair. Alright, well, I'll be at the F1 with Bracken. Speaking of which, shout to Kraken for powering our show. Go to kraken.com/rug Radio. By the way, if you want that free grid pass NFT from McLaren,
from Williams, I'm sorry. From Williams Racing, make sure that you like same thing, same website and just do it like it's a free NFT that they're giving out here all week. And just so you guys know, it was insane yesterday. The line at the Williams Fanzone in Austin to get free NFT's is wild. Like Williams Racing went and posted the video yesterday on Instagram. And as you can, as you know like the normies piled onto hate like, ohh, now we're gonna lose the race.
Why is there a seal in the back of the car? They were like you guys, if you got a good laugh, go on the Williams Racing Instagram. It's hilarious. But, but in person there's hundreds if not thousands of people coming in and out to get a free NFT and I'm about to go on record record with three guys. Some like street interviews like fuck around with people a little bit right now and and show you guys this.
So it's really cool to be here and to see that and to see people claim during this actually tied to this, which is super cool. Like you get like your whole like grid pass and like you get an NFT with it and everything and digital collectible and a lot of people actually. It's really fun to see people mint their first NFT ever and their reactions in person. I got to tell you, that's one of my first times like witnessing that, and I think it's really fun. A lot of people are doing that.
So send me some ideas if you want me to fuck with people in the street, because that's what I'm doing today with PG and it it should be a lot of fun. And then race tomorrow, race Sunday, and then I'm home for two months. Can't wait. Alright, so with that, with that, with that, enjoy both. Enjoy Lisbon and enjoy Texas. We'll see you on Monday, 10:30 AM Eastern Standard Time, 7:30 AM Pacific Time. Time for the episode of Jam Web 3 on Rock Radio. Let's go.