Yo-yo, what up? What up? Good morning. Good morning GMG. Wednesday, Wednesday, October 23rd, 2020 Fourth. Yeah, another beautiful day to have a beautiful day. I got my Co host in the house, Tyler Mando, GM. How you guys doing today? Fantastic, fantastic. How are you? Fantastic feeling great, actually doing really, really good. You absolutely love to see this things are popping.
The space is lively and and, and look, I mean look at we're we're we're not getting this we're not getting this dip yet. So we'll see if I want to jinx it. But you know, things are things are looking good right now across the space. You know, coins are popping and people a little euphoric. You love to see that, Tyler. Tyler, how you doing today? I'm doing great and we've got billionaires pumping our bags on a daily basis right now. How? How could you not be happy on a
Wednesday morning? Yeah, we do have builders pumping our. Bags. Plus you're in the wrong bags and then maybe you need to re evaluate. I'm probably in the wrong bags right now, but it's OK. But it's OK. It always falls back. We're in the Marad bags still. We didn't rotate out of Marad. Oh, that was you, Mando. Now I see you nuke my bags. What? I haven't used anyone's bags. I'll play with you. I'll play with you today. The show today, today. Let's see what we got. Let's see what we got.
Well, we got market report as usual, so crypto, micro, all that good stuff, Bitcoins holding strong, so a lot I'd love to see that. You know Ethereum, it's just being Ethereum. We'll have a conversation about that a little later. Tyler's top 1000. I'm sure he's only going to talk about goat. So Tyler's goat. Go talk, yeah? I want to talk. Yeah, I have a feeling. I have a feeling this is really. Yeah. There's a tiny bit of echo. I don't know which one.
Where does it come from? There's a little echo in the back. Probably nice. If you just turn your phone maybe it'll stop, I don't know. Or put like a something over it. It's gone. But but yeah, it's gone boom. That and then and then and then and then and then we're going to have the ARB update. We could do it yesterday, it could do Monday, we're going to do it today. Little Arbitrum update as usual. Then we got a robot loot box spin.
Let's see who wins what. You know, reminder, we have Milady's protocol elements with our project ALS. We got post our red guys, we got our RLDS, so we got a lot of stuff in that box right now. And then last but not least, this show is powered by Galaxies. With seamless built in monetization tools, Galaxies enables development of sustainable long term communities, fulfilling Bitcoin's vision of the centralized freedom and independence from centralized
control. But anyways, anyways, Meadow Meadow, Meadow talk about this market. Who is the man macro daddy of the land? Can you dig it? Yeah, so there's been a little bit of stuff going on in Mecca actually for the first time a little bit. We've had all time highs obviously back-to-back to back like six weeks. We've actually had two down days in broader stocks the last two days. And the main thing there is that we've seen bond yields and the dollar have actually gone up
pretty substantially. So a lot of people have have been seeing the idea that we will that inflation might rebound. I'm not too sure if I agree with that sentiment, but that's that's become slightly more consensus that we're going to see inflation rebound. The 10 year yield has gone above 4.2 to four point. It's around 4.2 to 4.3% at the moment. So it's a big, big move back higher. Remember it was, it was comfortably below 4% for a while
there. You have pretty some of the, the best known traders in the whole world, Paul Tudor, Tudor Jones went on TV yesterday and said that all roads, all roads lead to inflation. You've had Druckenmiller also go on and say something similar. Yeah, like a lot of people now pointing towards inflation coming back.
I think the hedging the, the put core ratio on on, on Treasury at the moment is, is the highest it's ever been of sorry, highest it's been in 2024. So the hedges against bonds going lower, IE yields going higher, it has been, has been rocketing. So and that's caused the dollar to rebound. So the dollar's actually also having a very, very strong goal period here. It's up 4% just in the last month alone. And the yen as well as is looking weak.
So the stuff that we kind of saw in the first half of the year really has kind of come back a little bit. And the yen is, is, is looking particularly weak, which is last time led to some sort of intervention. And we haven't really seen that happen yet so far. And higher dollar normally would lead to kind of lower, lower gold, lower Bitcoin. But interestingly, most people are pointing to a higher dollar here because of run like out of
control inflation or debasement. And that's actually led to like relatively like gold is still going higher, like gold is heading towards 2800 and hit 2700 just a few days ago. So like and that's an asset that does not move that that often or that quickly. So what you've seen is a rally in commodities even with a higher dollar. Bitcoin, I think slightly ran into a bit of a wall on the back of that over the last 24 hours just because of the strength in
the dollar. But I still think it will be something that people will will look to buy on that because people still view it as an obvious inflation hedge. But yeah, Bitcoin dropped below 66 K on the back of that. Stocks have seen a little bit of weakness, just people get a little bit more worried about like what's the best inflation hedge in crypto. What we've what we've seen really is that bitcoins headed lower obviously continues to underperform. It's the whipping boy of the
majors. Solana has like decently outperformed and I think there's two reasons for that. Number one is the huge amount of DEX volumes that are going through again. So what you have seen is the resurgence of with these AI coins and meme coins, there's been a resurgence in in Solana decks volumes and Solana fees. So we used to see this a few months ago, but Solana's regularly flipping ETH for 24 hour fees.
A lot of the individual protocols on Solana are flipping ETH equivalents and a lot of people getting bullish back back again on, on this sort of stuff. The real economic value, I think it that's an all time high for it right there. So big, big, big, big rebound in Solana activity, which is driving, driving it pretty significantly higher. And it's been outperforming quite a lot. So Solana looks like it's heading back towards like 170 even with Bitcoin lower and it lower.
So pay attention to that. Like we haven't seen Solana outperform for a couple of months, two or three months now. Yeah. And then now it's outperforming. It's not, it's not just outperforming because the chart looks good. It's outperforming because of real stuff going on there. And I think the other thing is people are getting bullish on AIA lot more like, and yeah, the GOAT meme happened on, on Solana.
But I think more, the more obvious thing to look for here is that you could see, you could see Solana dominate that sort of activity if it starts to pick up meaningfully. So AI agent or it's. Had to burn. Right. Yeah, so. Yeah, the burning music, it's kind of what you were talking about yesterday. It's actually burning a ton. Yeah, so this is a real reason why. It's why. It's why it's rallying.
Some money. I was I kind of felt like it would get caught up in the infos, but I I moved all of my Bitcoin back into Solana and into oh wow and into GOAT yes well, this. Was Mendo and. Then I moved and then I moved. This was Mendo. So I earn 0 Bitcoin right now and just Solana and Goat put in my major's bag. This is called the Mendo candle, right there. He moved a $80 billion asset, just so you know, like we're playing well games.
This was Mendo's candle. Yeah, I just, I just feel like I just pay attention to this sort of stuff and it seemed like a bit of a narrative shift and, and, and one that I think will persist. So I, I think I think it's in a decent spot in terms of like broader crypto stuff. It's been a bit of back and forth on, on stuff around the SEC that feels like they're not going to, they're not going to
let sleeping dogs live. It came out yesterday with some more like aggressive commentary about what they're going to do to crypto in 2025. There was some headline around India maybe banning crypto. They kind of. They already slightly like you can only read like it's very difficult to to trade or on board into crypto without centralized exchanges in in India, like the vast majority of
users use centralized exchanges. So it's already kind of like slightly controlled, I would say, but let's see what happens there. They have been exploring CBDC for for a while there. Nothing else there that would move markets. Azura, which is like a very well known D5 raise, look like it launched its platform, which got a lot of people bullish. AVAC brought out a debit card, which maybe got people bullish. Sailor said that he was going to give up all his Bitcoin to civilization.
After he dies. I don't know what that means, but what? Yeah, he said he was going to do a full Satoshi, so I don't know if that means he locks his private keys and but he said he has no kids, right? Sailor's not married, no kids. He is the ultimate Sigma. No, baby Rama. So I don't know, but that's what he said. So, so maybe we won't see that that Bitcoin ever hitting the market. I mean, he obviously has some he owns personally and then he has some he owns. I don't know what that means.
But then yeah, I'll probably just throw out the Tyler here because it does feel as though the left curve stuff is just, it's just the main stuff again, like you can talk about mages, which is like Solana out performing Bitcoin, but it's really just down to all this AI it's looking. Good man, that's the Solana chart and everything else happening on it again, like the the all this AI stuff is happening on Solana right? So, so it's I love this comment.
Mango has been talking shit about Solana for months now and then he full port Solana. I love the I love the typo Mango. I'm AI love the Mango typo though. It's so funny. Oh my God, love to see that. Listen, glad to have you back pumping our bags here. Glad to have you back here. It looks like you're big on the GOAT stuff. I mean, let's talk about GOAT for a second. I don't really want to. It's crazy how we were talking about Truth Terminal on the show like 3 months ago.
I had like 1000 followers and it is a painful one. It's a painful one. I looked at the depth. I looked into it like 200 and fucked it up. So where, Where's this thing going You? Know, can I ask maybe like real quick, I know you got it run like was there a particular tipping point for GOAT that made you want to enter? Yeah, we've been talking about it for a couple weeks. So curious. Response. So is what is what I think we had a conversation about 3 days ago, right?
Which was like, where will it, where will it top out? And we both said, you know, when, when the AI makes $1,000,000 And then it did kind of do that. And then it, and then it fell back down. And then, and then that a 16 interview that I saw yesterday, I was like, it's going to win the narrative battle here. Like, and it's going to win the narrative battle with funds. That's what I, that's what I kind of got from that. And I just kind of felt like that.
And then I saw, I saw the top, if you type in goat, I saw you even saw it this morning. But like the top finance trader, yeah, or 4% of the go supplier as well this morning. And I saw that it's going to be, it's going to be the trade of the cycle. Basically what I thought is that like, and I saw I owned it very early on. I sold it, it went to 100 million. And I was like, this isn't really a true way.
I kind of prefer to have A and then once it gets that sort of level where like it's won the narrative battle and like, oh, this is the first AI coin I think that has normally appeal. That's basically what I think and whether that gets challenged or not, I think people will can buy into that and that can like weirdly have crazy multiple still. Like I don't think this is the sort of thing.
And maybe I'm like, I'm smelling the roses here, but like I'm not a huge believer in the in the original story. I don't think it's like the perfect story by any means, like, oh, somebody created a coin. But that story as well, like can become really big if it continues to get bigger. And I think the fact that A16Z is giving it the standard of approval and everyone knows,
right? Andreessen, like if you know Andreessen, he's probably one of the biggest tech investors of the last two decades, probably the biggest, right? And if he's saying this is interesting, like a lot of people, I think will buy it. And so I think I think that narrative is a is the sort of thing that could take that to like 3 or 4 bill in my opinion. Like that, that could be like, oh, wow, like that's like a proper story. That's just my that was just my or at least maybe put it this
way. I don't see it going lower after what he often like is that was that a buy at 500 million In my opinion, I was like, I don't think that's going to go down to 300 million. I think it's more likely to be like, wow, what are? We thinking this is the this is going to be the cycles meme coin. Like, is this the one that's going to like, take over all the other memes? No, I just think that there's a
few. I the chart just reminded me of Pepe so much when I looked at it and I remember like when I was looking at it and being like, oh, you can fade it, fade it, fade it, fade it. And then when it reached, because there were so many other Pepe coins, if you remember like the original thesis of Pepe, it was like, why the fuck is this the one right? And then it doesn't even it gets to a point where it doesn't actually matter and it's like, Oh shit. And I feel as though it's not
quite there yet with goat. But after that interview, I was like, it could do that, it could do that. It's so, yeah. My, my, my bet on this is that it's got the best chance of most over the last few months to do something like that. Yeah. Yeah, that, that makes sense. I think a couple of reactions on my side, 1, as soon as I saw the Mark Anderson pod, a full 40 minute pod like that, that was a big signal. It, it really was. I think that's harder to deny.
I think part of the reason it's had success early on is because like you, like I didn't buy the story early on. Like I, I saw it at 2 million and I didn't buy it because it, it felt like this wasn't the way this was supposed to play out. Like the true peril didn't launch the token. It was launched by the random third party, so on and so forth. I think you need that kind of like division.
It was not a consensus play. Like you had loud voices on the timeline flooding it. You know, calling it like dumb, like this isn't real. That kept it from being a consensus trade, which I think you need. In the early days. It had some friction. And now to your point, I think none of those details matter. I really just don't think it matters anymore. You have Mark Anderson calling it pretty powerful. He he said this is the first convergence of AI in crypto.
That's a powerful narrative right there. That that's my point that, that that's the second bit of this is that this isn't when Pepe did this, right? You knew it was going to be other retail people coming in and buying it. My guess with this is that like if he is saying that and maybe crosses the acceptability threshold for funds. Like I think I'm pretty sure if you, if you're investing in, in AI and crypto, you've really just owned Tao and, and maybe like one of the two, the other
like deep in style AI coins. Like, I just feel as though there's a shot here that, like, some of these guys go, right, yeah, we need to own this. Interesting, this is wild. Oh, we meant to full port this thing. Did you see that finance? Did you see that finance thing? Yeah, yeah. The type, the typing goat, you'll see it like. No, I saw it. I saw I have my notifications on for this guy. Yeah, I got, I got on a flight and I saw that and I it did just
make me question, was it him? No, I know, I know. I forget his name. He's the big whiff guy. He has like a gig out whiff position and gold and every bunch of stuff. He's the guy that the horse with the hat. He's a big. He was like a huge whiff guy. Remember? Yeah, Nachi, this guy, he's still got the he's the he's big and go like that's it. He's big and whiff narrow soul and go like that's his, that's his tokens. Wow. Go down to what he wrote. He made like 20 mil on me for some shit.
Maybe I thought about this too much on the on the fly over here. All right, he made $64 million. Right. I thought it was just a bit too much on the fly over here, but I was like, you know what this may be like? It's actually because I think as it goes higher, like I can even see it in the chat that we're in Tyler. Like we're in shared chat. People are going like, oh, I saw this solo and I faded it.
And like, it's got that sort of. It reminds me so much of when Pepe did that, Yeah. And it was like 100% same thing. So and no one wants to buy it at this level, which means that it it probably goes higher because no one wants to buy it like, oh, it's going to go to 500 million. Oh, it's going to 600. Oh, it's and it just has that like, how have I missed this when I'm in crypto everyday, like like bit about it, like which I think people felt about with Pepe.
There was a lot of people who played like the Pepe beaters afterwards or like tried to. That's even like how a bunch of the coins even this cycle have become big. But I don't know, that was just my God, I'm I'm maybe I'm overthinking it. The call was the same. Maybe I'm under thinking it like part of me just thinks that like this is the sort of narrative that that that people will that I now think it's it's just won the narrative battle.
So. Yeah. I, I think the other part of it is they're so this AI meta is exploding so quickly and like there are tons of beta plays. Some of them are doing very well. A lot of them are like they're, they're soaring on huge volume fast and then they're dipping For me personally, like I got burned like I, I lost like 15 trades in a row where all I should have done was just been buying coat, right.
So I think there's going to be people who have this realization just like bet on the winter And I, Amanda, you tweeted this this morning. It's not a new great thanks for sharing your thoughts. It's not a new thought, but it's just one that it's it's easy to get caught up playing all these betas. Or you could just bet on the winner beta. Trades are are you have to time them. That's generally what it is. But yeah, this feels like the A1.
I got to go, guys, but yeah, I'll speak to you guys. Tomorrow. Yeah. All right. Well. Are you ready to pull port goat or what? I I wouldn't full port it but like this type of coin I'd throw $1,000,000 at. Not yet, though. Casually, here's a casual million in the GOAT. Well, I think we can move on, but like, we're just talking about betas. I don't know if this is a beta or not, but the the biggest mover on Salon of the Day was another idea, another AI token. It wasn't me.
We're going to talk about that. I think have to, I mean 100 million in volume on one day is that. The one, is that what you're going to mention? Yeah. Flavia, I tweeted that a lot of times. A friend of mine said 10 million and I was like yeah it's already gone up like 30,000% what the fuck would I buy a beta of 20,000 right? You know, you see the same. I'm in the exact same situation, a good friend sending a 10 million. I've been burning on so many of these.
I'm like, I'm just going to sit on my hands. And then I actually did capitulate it in. So disclosure, I bought this around 35,000,000 last night. I got out of bed to come back and buy this because I, I had some FOMO. The story is a little bit more interesting. This isn't just some random like AI meme generator. So this is from a real person. Let me try to pull up the, the details here. I told a little bit of the story on Twitter this morning, but it's from this person, Trevor Mcfederes.
He has, he has a history of, of creating virtual AI influencers. So he's the creator of little Michaela, who apparently has amassed two and a half million followers on Instagram and he's partnered with Anthropic AI to help build out Flavia, which is an AI agent. And apparently she is it is running the the Flavia coin. So it verified the decks. I believe it's got access to the telegram. So Trevor's going to let this thing run with it. And apparently he's got some other plans.
So, so that's the story there. I mean, my God, it's a massive runner. It's up 100,000% in today, so it's tough to to enter here, but it's an interesting story from a real person and not just some kind of, you know, manufactured story out of, you know, the random AI cabal of the day. So this one might have some legs. Yeah, it's a, it's a there's a lot. This is it's a lot, dude. I I think I would just buy goat.
Well, here's the thing, Mando like he threw it to me for the left curve part of the show, which which I love that the AI meta is not left curve. Man, this, like this is a yeah. Meta is not left curve at all this. Is a harder meta to play. I mean this is like a right curve. Yes, or you just go left curve and throw it at the winner. That's left curve, right curve play there. But it's, I mean you can't deny the volume and now we're seeing it reflected in Solana price
action. And I think we was coming back to this. It is notable that these AI agents are launching on Solana when they could have picked any of the blockchains that's. What I was saying like I think this is one of the most bullish things for Seoul, right? Like those numbers we saw like the record-breaking numbers again on Solana probably because of GOAT, right? Like Pepe was like Pepe was like driving a ton of traffic back to Theorem right When they first launched to compare it to that,
it was insane. Like you to the point where even it was impacting gas fuse all over again, which is awesome. But but now it's like Go is doing that on Solana with was doing that with Solana. If you remember in Q4 last year, same time, same time, they were November, December last year when Solana was really went from like $60.00 all the way to like 100 something. I think it's 2X over a couple months, maybe more. I remember taking the trade end of November at 60 full porting sole.
So it was a little less than that before it was in the 40s. I think it was 38 actually, I think I remember that. And now you're seeing something similar happening all over again. And I have a feeling we're going to see the same place Q4 last year where Solana again probably smashes through highs, which the highs are like in the two hundreds to 10 by like let's say end of year beginning next year.
And you probably see a token just like with take off to a couple billion dollars and with itself, right, like even that that guy, I I I took a good like I took a gun, like I went back into a pretty large size width position for the reason that like even those guys are talking about this. Like for example, a Nachi guy, right, that Mando keeps talking about. We got to get 4% of the gold supply. What does he post?
He posts a goat with the hat. Like, you know, so it's like that's his literally that's the guy like that man that was talking about right. So like I do think that like the like I was saying a friend of mine yesterday, I was like buying these meme coins and everything trying to rotate into me was like just like buy the sure plays on these chains, right? Like for me, like the etherium sure plays or Pepe Mog. And for me, like the Solana sure plays a popcat with or no popcat.
But two things. It's a sure play there aside from the Murad memes, which I think will come back once once that plays out. I mean, what do you think? What do you think? Obviously go to see a lot of heat away from the Murad memes, but you think that like it's always like this, right? Rotation to new meta.
Everyone's going to buy goat or flavor of the week GOAT, meaning like the shitty goat, then goat's going to go to billions, all the other ones going to go to 0, and then you probably flows back into like the Marad memes, right? Like what do you think? Where do you think we're at with these? Yeah, I think so. I mean, quickly on on whip, everyone wanted to victory lap the hat falling off, right? I think Ledger most famously Kobe's old Co host. Yeah, but I don't think it's
going anywhere. It's it's still my biggest meme coin position. I, I actually took a fucking fat position in it. So I'm just closing here with you. Like also like so like I can move a $2.4 billion thing with 20 minute liquidity. But I agree with you. And actually one of the reasons is you, you keep mentioning it and I don't think you're wrong. When Popcap performs well, WIF tends to perform well.
And one thing I've noticed with WIF Tyler is that it moves with Pepe and it only moves when Solana stops aggressively moving. So during this last Solana aggressive shark move up to 170, which is still there. It's a 170 right now, 168. What's 69? WIF has gone down $0.30, which you're like, what the fuck 'cause it was 276, right? And Pepe was also having aggressive move. They both move the same. It's crazy to watch Pepe and with just are following the
exact same pattern. So I do think that all like it. Yeah, pop cast says pop and look, I've never I had pop like 100 mil like I don't have it yet, but I fucking love it like I I think it is the cat. Like I agree with mirage, like the cat meme, whatever. I don't know, man, I I think this is not the time to like sell. I actually really like what K Money said yesterday. Let me read you a quote. I don't know if you saw me post it. I missed this one.
K money's quote what don't throw good money and bad money. I think it's important to tell people this and that goat is good money in my opinion right now here. But what I mean by that is if you miss goat present miss goat don't have any goat. Let's say I want to buy goat right now. Sure, maybe it goes up, but this is not where you buy the third beta to goat. This is not where you sell your oh whiff is down your Pepe, your mug, your retardio lock in SPX giga.
I only have two of the 10 Mirad moments or three. So let's say all the Mirad means somewhere you let's say those are down. That's up a million percent somewhere. You saw that to move into that because once it rotates back it can be fucked, right? Yeah, I mean, I personally I, I probably donked off 30% of my with bag over the last year, just like chasing new metas and for the most part they were losing plays and I lost a. Couple I lost a few $100,000 from that this summer.
What it? Is it's like throwing good money something out here just held versus chasing new things And like, yeah, you you it's tough when you show up every day and you see the G nods running 100 X in a day, like man, I want that's the next one. But those are very hard to
catch. I've been I haven't been looking at on purpose because of that, because I made some big bets over the weekend slash Monday, like I really made I I re moved around my basket of coins now a little bit more and and I was like and now obviously we're seeing some downtrend like towards the coins I bought. So they're all down right, a little bit, not crazy, like little down right, like those coins. It's like mostly like with Pepe more, I actually bought more mug.
Like I didn't have enough. Nothing crazy, but it's like I just really like it because I was like, I I played the breakout, right? So I was like, fuck, it's going to break out. Because I do think at some point mug's going to 2X and we're going to be like, what the fuck? I missed it. Genuinely. That's how and you know, because that's how I talk about in the back end, right? And so and so, you know, OK,
it's all down. You know, we have my brain let's down, you know, my mug's down, my lock in my tardio's down this and that. But I'm like, that's cool. My wiff is down. But it's like, OK, but like, I do think that over the next 10 days going to be up. So I just don't look at the price action after I'm off the show. Just leave it up, you know? Yeah, you know, it's easy to FOMO in and out of things. I do want to go back to to this to the news though, and and talk
to you about some major stuff. I want to bring up this tweet by Hunter Horsley, which is fucking massive back. And I'm still on the topic of billionaires pumping our bags. Hunter RC is the CEO of Bitwise, right? One of the biggest ETFs in the in the industry, one of the biggest gobblers of Bitcoin in Ethereum. You know, he said this is massive. This is actually not the post I want to go to, but this is this is it. So Paul Tudor Jones owning
Bitcoin is a big deal. I would like for you to go with into like who Paul Tudor Jones is and stuff like that. But he says 2024 Paul Tudor Jones owns Bitcoin. You're not smarter than Paul Tudor Jones. Time to ditch the I just don't understand it. Cop out and catch up. So let's let's play this little clip here. Are you off buying gold and Bitcoin and and I? Think all I think all roads lead to inflation. We're going to end up if you so. But does all roads lead to inflation?
Therefore gold is a good investment. Is Bitcoin a good investment to you? I I I'm long gold, I'm long Bitcoin. I think commodities are so ridiculously under owned. So I'm long commodities, I think most young people find their inflation hedges via the NASDAQ. That's also been great. Probably some combination. I'd probably have some basket of gold, Bitcoin, commodities and NASDAQ, something like that. And I don't know, zero fixed income. If I had my cash, it'd be very short term.
The playbook to get out of this, you see it in Japan right now, they have 2% inflation, 3030 basis points overnight. They don't want to raise rates. The playbook to get out of this. Is that you? Inflate your way out. Given all the things you're saying. So this man is only worth $8 billion? Honestly, the, the, the signals could not be any clearer right
now. And I don't know what folks who are on the sidelines, who who don't believe, who are looking to invest like what else they need to see. Like we have BlackRock going on their their sales tour across the country talking about 3. $132 million yesterday, Tyler for BlackRock. The buying power of the US dollar. They've got the charts. They put the charts up. They show you how the buying power of the dollar is decreased and effectively how the buying
power of Bitcoin has increased. Then we have Paul Tudor Jones going on MSNBC and just casually dropping it. Like it wasn't even like some big like this on the table, like I'm buying Bitcoin. It was just casual, like I'm buying gold, Bitcoin and commodities. Like, like it's become a common investment for him and for others. And for some reason it's not there yet. And he mentions the younger generation and wanting to buy like NASDAQ and buy stocks.
And, and certainly I see that, but like, are you going to buy the index and maybe get 20% returns versus Bitcoin? We've seen what, what Bitcoin can do in bull cycles, right? And, and blow those returns out of the water. And then like the other alternative is gold. And I really feel like it when you're talking about those under 40 are, are you going to buy gold or are you going to buy
digital gold? I, I feel like the sales pitch is so obvious and it really does feel like this 2024 has been a major shift and like maybe we haven't quite seen it in the price action yet, but I do believe it, it's coming. Yeah, it's, it's, I agree. I mean, at this stage, it's
like, what else do you need? I think it's kind of an autopilot right when it comes to Bitcoin in the crypto industry being talked about outside on top of it just literally being a political thing at this stage, 13 days away from the elections. You have Paul Tudor Jones who's taking off Google, but you know, he's run a hedge fund for 40 years now. So 4 decades of hedge fund management, very successful, worth $8 billion. And so it's happening.
You have P Marc Andreess and Ben Horowitz talking about GOAT token fucking 40 minutes or an hour yesterday on on their podcast. It's it's it's it's really it's really it's really it's insane. And by the way, dude, I know people want 62 K brother. It's not looking like it's, I don't know, Tyler, look at this. It's a bucket. 68K67K already, you know what I mean? I mean, I don't want to get there, no. No, I know, I know.
I'm just saying like it's consensus was that it's like everyone keeps calling for it. I don't know, maybe we retest one more time and go. I don't know what it is, but we're looking good, dude. I mean, look at these charts. Don't look at this one it. Was say what Paul Tudor Jones did not mention was Ethereum. Man, what can we talk? Let's bring up this tweet I talked about yesterday. I wanted to bring up the show, I think.
We have to. It was Dave Davis based Carbon does I'm actually curious what people think. Is the theorems on their performance based on its lack of marketing or is it based on people not caring about the asset? Because on one hand you have Bitcoin gold store value, right? Nothing's going to ever take that away from Bitcoin. Is Bitcoin and gold literally right? Like silver will never take over gold. You know what I mean? In the in the real world right now, you have Solana, right?
And we just read those stats. It's almost becoming the ultrasound money narrative, right? Yes, Solana's being printed all the time. I get it. It's inflationary. We've already hit the all time high in terms of market. I know all those things about Solana. I get it. OK, Obviously research where I put almost all my net worth in, right. I'm not an idiot. I'm not an idiot, but it's burning a futon. We say pump phone is extracting, pump phone is locking up money. We say Solana's inflating.
Solana's also burning like the burns are all time high. Shout to block works for those, for those things, right? For those things that they're posting. But it's like, so let's say Solana's taken away from that, that theorem narrative. What does the theorem say? That's the problem. I don't know what the clear pitch is right now. Personally, I don't know why anyone would hold Ethereum. You hold the theorem, you hold the meme coins. My theorem right?
Yeah, like if you want Ethereum access, go by Pepe or MOG or SPX. I, I don't understand holding Ethereum here. I don't understand what the pitch is exactly. I think a part of what happened is, you know, you have the first cycle where, you know, you run to these crazy numbers on, you know, future evaluations, all the future potential of the blockchain.
Well, now we're three years later, I feel like a lot of what's happening on ETH and being built is also being built on Solana at, at 1/5 the valuation. And I think the reality is ETH was greatly overvalued for, for what it it was able to do. And now we're seeing the price correction. You know, I'm not sure. Like I feel like there's also just this thought anchored in all our minds that O ETH is going to run with Bitcoin this cycle. Like is it like why?
Like why does it have to run it in some certain ratio with Bitcoin when you have the next man up and it's clear that Solana is the next man up for this cycle. I think Solana's probably going to face the same thing with the next man up next cycle, whether that's Sui or or monad or whatever, perhaps the next winner is defined as.
So I think it's something we all need to be aware of and that's what all the other L ones will face and issue the all face other than Bitcoin because the Bitcoin narrative is solved at this point. But I, I don't know what the ETH narrative is right now and it's changed so much and I think folks struggle with it. I think Blackhawks struggling to sell it themselves. I mean, everyone's like, you know, these are like ETH maximalists saying this.
It's not like you and I like, yeah, we're not maxed of anything. We actually hold everything. I have. We, I know you and I have bad assets on Bitcoin, ETH and so on, right? It's like with his memes, NFTS, fucking coins like that. But you know, Tsai is saying Etha's lagging. I mean, he really has Dottie and the ultrasound money emojis in his name. OK y'all? So this is coming from one of them.
So, so he said, you know, Etha's lagging because of things like polling Market is the biggest app in America right now, yet absolutely no one knows that it's built on a theorem. Market needs to be addressed. He's right. Market is this apps breakout app, this cycles breakout app literally right it's on Ethereum right, No, you could are you Polygon? What you know what I mean like
and then he goes respectfully. This is nothing to do with if you need ETH to use it, if it's built on L1 or L2 or whatever. Has nothing to do with C burn has everything to do with the mean factor of being built on Ethereum. If we can't get the simple and most basic message across that, we lose. What do you think of that statement? I think he's on the money. Yeah, I think that the marketing thing is probably right. Another problem that stands out to me though is what is it?
Polymarket is the breakout app. But try to get your friend to use Polymarket. It is not easy like it is. It is a massive user experience hurdle to to jump to to get to that app. Yeah. Now I saw Bloomberg things in like Polymarket may like crack down on, on like US users, et cetera. Like I there was an article yesterday on Bloomberg about that. What you getting set up like you have to bridge to Polygon, you have to get. I mean, I lost 1000 million more than that, Yeah, it's a fucking
hassle, yes. It's a pain in the ass versus like this, the the slaw user experience, which is better. So I think like that, that points to another, you know, aspect of all this. And just that the the L twos versus L ones. I, I, I probably mark it clearly is one of the biggest winners of the cycle. Like I'm not going to dispute that, but I think eats usability perhaps is another and it's lack of getting to consumers. I think probably is is another factor at play here.
Yeah, it's, I don't know, man. It's, it's so crazy because like all the big dabs, all the big breakout shit, like a lot of it is built on the theorem. It's just like, I don't know, it's just not happening. I don't, I now let's stop talking about the problem, talk about the solution. I don't know what the solution is, Tyler. I don't think marketing now fixes it. Yeah, I I don't know that I had the the answer, so I I just sent you the A16Z stated crypto dashboard.
Yeah. Yeah. Is that the one that people were pissed about because they didn't really involve Solana either in there? Like they kind of like committed it. Oh, I I guess I took it at face value, so if the data is wrong then I guess take it with the green salt. But well, yeah, what basically what their data shows is for builder activity, it's like 80% of builders are on EBN versus 11% salon and 4% Bitcoin, which which kind of feels
directionally, right. So, but I think you would think, man, if there's that much focus in investment on Ethereum, like there should be more to to show for it. I think if you Scroll down, you see what they're all building. It's it's like over half of it's infra. No way. Look at this. We're in the 5% in the media. I'm just looking at media. Oh God, it's funny. Well, meme coins fall into media. What? Interesting. I want to guess that. Interesting. That's funny.
Anyways, yeah, I don't know dude. I, I, I don't know. I am like I'm, I'm having flashback a few Q 4/20/23. But it's going to happen on bigger level. It's going to happen the same way you have your Solana mean coins, you have your Solana underlying asset and it's just going to take off again and Ethan's going go, go, yes, Ethan is going to higher. Yes, Ethan is probably going to go back to all time high.
But the up cost versus the other coins that he's going to run against, I don't know how it's looking, but it's I don't know, it's not looking great. That's how I feel about it. Yeah, I tend to agree. What else? Oh, quickly, quickly, quickly before I ask you what else you got for us? Raffle ball dot XYZ Yes, we are doing a real big giveaway again today and the rest of the week. Every day. Monday, Tuesday, not Monday,
sorry. Tuesday, Wednesday, Thursday and Friday 4th Four days a week you have a chance to come and win up to $75,000. And yeah, someone won 75K last week and yesterday someone won 2K. So raffle ball dot XYZ, make sure you sign up and and you can win. And the code says mangoes MANGOSMANGOS is the code today. Tyler, what else? It feels like we've covered a lot of the big, big stuff. Is there anything that we've missed out from your Daily News?
Quickly in memes and NFTS so pump fun didn't launch the tokenization of videos who? Do you? Think it might get them in the hot water? Should we play that video? Oh no. No, I probably shouldn't play that one. Well I mean you can the the video is fine but. But why? Yeah. So I saw some of this stuff, like what's going on there? Just like perhaps with like licensing issues, like anyone can get any video off the Internet and just tokenize it
now. So so I could see that getting messy and I'm not an expert in all the rules and regulations tied to this. Let's play this out. That was hilarious, by the way. I lost it watching this video. Stay tuned to the end. Do not come. Do not. Come I'm going to come. Also just perfect into that video. I may or may not have chased a meme coin tied to this video. I lost my ass on SO, so do not copy trade me. So pump fun, huh? Again, making the news. First we talk about the token stuff.
Now we talk about the video. Cannot tokenize videos on pumped up fun. Upload your video, choose your thumbnail and make your coin stand out. Everyone on the main page will see it. What will you create? So let's see what comes out of this, you know? So there's that. I mean, I would love to talk to Alan to see like if they worried at all about like the regulatory risk or hopefully they've thought all that through. We had three headlines in the
art space. SO1 Foundation rebranded their Instagram account to Rodeo Club and they're focusing on, you know, broadening their audience, kind of citing that NF TS are are dead and they don't want to wait for NF TS to come back. On the lighter side, a couple of big, big auctions happening. So Botto is live at Sotheby's right now. Folks aren't aware that's a decentralized AI artist. So perfect timing with this AI meta. Those lots are going to start closing tomorrow.
So if you're into bidding on AI art, you know, take a look at those. And then off of Story kids, Piano Blossoms, the addition of 30. Those will start to end in about 3 hours. 3 hours. From now thank you X my boy. Did you see that sale? I missed it. One of one sell for 39 ETH yesterday. That's big. Fuck yeah, baby. Hey, he's in the audience. Look at that, Chad. Thank you, Wax. Do you want to give him a shout? That's a big fucking deal, bro.
It was less than 39 ETH and he got the sailing right away. I probably can't name more than 10 artists who could command 39 ETH for one-on-one right now, so that's that's a big deal. Yeah, that's a huge dub. Huge. I mean, I'm aside from your friend Ryan, I'm genuinely a massive fan so of his art. So it's you love to see the arts, dude. The art world is like Rob, like there's it's just become separate niches like 2021 we're all one. It was like PFPS and art and
memes and this and that. Now it's like, OK, you have the art folks doing the fucking art thing, you know, the rattle positive word buying art, like, you know, all these, the Medici, like all this stuff and you have the meme corners and you have you know what I mean? It's just, we've just grown, you know? Yeah, no, it's still very alive. It does feel like it's comments don't own niche, but the niche
is is doing OK right now. I feel like it's almost finally getting like sucked into the bigger niche of art slowly but surely, you know? Yeah. You know, it's a, you know, it's a, it's just like it's just starting to, it's a, it's just starting to, you know, kind of get something in the art thing. Finally. Yeah. If we want to talk sports real quick that so the the headline is simple.
So Coinbase is an official partner of the Golden State Warriors, which for those who want maybe not be like NBA diehards, it is one of the the biggest marquee franchises in in the NBA in the world, of course. So so that's a big one. It actually piqued my interest for for sports sponsorships and crypto. So I went through the history. So basically 2021 was a mega boom 33 marquee sponsorshipscrypto.com was a huge one along with FTX of course. Then FTX crashed, crypto bubble
burst. Basically almost of the sponsorships went away. 2023 it was down to just one of the major US sports and now this was the first for 2024. So other major US sports being basketball, baseball, football, hockey. This is the only major crypto sponsorship, but globally it is very alive. So there's 26 soccer or, you know, your football perhaps is leading the way. Let me see the data here. So yeah, so there's 11 soccer sponsorships, 3IN Motorsports, 7 in esports and then two in cricket.
So I thought that was interesting for those who are, you know, into the sports scene. So so perhaps check that out if you want more info. Yeah, this is super cool. I love that. I I, dude, I'm a huge fan of crypto in sports. Fucking love it. It's like we're like we've fully taken over F1 at this stage. Like fully like crypto has every single team has an F1 sponsor. I love it, you know, it's I, I I think I was fucking speaking in the Red Bull Racing team yesterday.
We got on with OK X this morning and doing stuff with McLaren like it's like, you know what I mean? It's a it's all over. So if we're going to take over basketball too, let's go. If if a crypto sponsor was to sponsor Montreal Canadiens and get me season tickets and I'll go and Rep you every I will wear OK, I will wear a T-shirt of your brand every Montreal Canadians games. It's the one of you who wants to sponsor Montreal Canadians the
haves. We did lose 7 two to the New York Rangers yesterday, but it's OK, so I'm. Just saying the Bulls I'll I'll wear your hat every day on the show. There you go. And the Bulls, Chicago Bulls. I mean, where's Scottie Pippen? Hold on. He was listening to the Pump Fun Spaces yesterday. Where's Scottie Pippen? Yeah, he was. There was a big spaces with with Alan and Frank Deacons and those lads yesterday anyways.
All right well look, that's a good roundup love to see that lots of people in here love y'all make sure you retweet make sure you follow for more everyone, because we host this show every single Monday to Friday at 10:00 AM Eastern Standard Time. This is your last second to enter the draw Sims. Let's get someone winning and let's get going Hurricanes for the wink fuck out of Yonder who supports the Carolina Hurry I I've never even met anyone that
comes from Carolina. Is Carolina even real? I'm kidding. The Hurricanes name hitting a little harder this year, though. Yeah, yeah, exactly. Yeah, Yeah. They are called the Caroline Hurricanes.