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FOMO HOUR: Bitcoin ATH Waiting Room
Recorded: June 10, 2025 Duration: 1:08:51Space Recording
Short Summary
In a dynamic crypto landscape, the anticipation of Bitcoin's all-time high, the expected approval of staking ETFs, and significant partnerships highlight a period of growth and innovation. The launch of new tokens like Verscoin and strategic investments by major players like Yuga Labs further underscore the evolving trends in the market.
Full Transcription
Thank you. So, GM, GM, everyone.
We're going to start the show here in just a minute.
We're still getting our speakers up on stage.
While we wait, a couple shout-outs.
Who we got?
Rob, Alex, Mac, G-Buzz, Ibra, GM, Mark, Harry Krishna, GM, G-M,
Poria, always with us, I, Noah, Le, G-M, who else we got? us. I know a lay G-M.
We got pinstripes, Dirk, Frog Leader, Ayo, Ashland, Atani, G-M-G-M,
Spacebar, Drizz, Sonic, Cone.
All right, all right.
We got Logan up on stage, still waiting on the FOMO hour,
a couple of counts.
But Sims, I think whenever you're ready, let's kick it. Thank you. Good morning. Good morning, everyone. GM, GM. And welcome to another episode of FOMO Hour.
Today, today is Tuesday, June 10th, 2025. Folks, the all-time high waiting rooms are open. We're in there. A few tokens have
already gotten there late last night or this morning. It looks like Bitcoin, it's close.
It's edging a little bit, dipping a bit here this morning. And the question on everyone's
minds, are we going to get it today or not? We're going to break it down on today's show.
No Farouk, he is traveling, but we've got mando on we've got logan on with us
mando jim how you doing i'm doing great how are you man i'm good i woke up to a very green board
it was it was electric green so a very nice uh nice start to the day uh and it feels like uh
we're moving it feels like there's something in the air to me. At least that's how I'm feeling right now.
Yeah.
I mean, I said what I said to you yesterday.
I think the thing I've really been picking up on is these staking ETFs
that I think is going to be most probably approved this month.
I remember BlackRock have been asking for this for a while.
Now we have a number of different firms actually close to that.
And I think if that was to happen, I think you have a little bit.
And then there were some comments yesterday from the SEC chair
basically being like, DeFi, don't worry about it.
We're not going to come after you guys anymore.
And so you had all the big DeFi coins rally quite a lot.
And I think that's, that's just a really good sign
so I
think now
you know
I've been bullish on ETH for a little bit
I think now it's got
the narrative that you need it to right
before it was just like oh it's rallying and like what's going on now it's got like some semi you need it to, right? Before it was just like, oh, it's rallying and what's going on.
Now it's got some semi-reason for why you can't be bullish.
Oh my God, it's taking ETF.
I don't even know how big that's going to be.
But there's just a thing that people can say.
It's that.
And so if that gets delivered, then you can see a rally.
Do you know what I mean?
Or I think the other thing is just DeFi stuff. So it's like, oh,
DeFi's suddenly about to explode.
I think I'm now just waiting for the point
where the narrative starts to make sense
and that
it suddenly did
pretty recently.
So I'm
relatively bullish
now on where things are going to go.
Yeah, ETH was narrative-less.
Basically, the only narrative was it's a catch-up trade.
It's oversold.
But now there's some more substantial ones.
So we'll get into it.
Definitely some big pieces of news there.
Plus, we've also got Logan back for the first time in what feels like weeks,
several weeks.
Logan, GM, how are you doing?
Hey, good morning. Yeah, it has been a couple weeks, but a couple of good weeks.
I think last time I was on Bitcoin might have been around 95, 96, something like that.
Wow.
So, yeah, it feels much better, of course, waking up today, the green on the board.
And you know what? Maybe those easy road, you know, those mile markers for the easy road, they might be approaching.
Who knows?
Are we going to be on the easy road?
Perhaps even as soon as this week.
That's what the M2 chart tells us.
But not everyone is buying it.
We'll get into it on today's show, folks.
What are we talking about?
We're going to start with the market report as always.
We've got more Bitcoin treasuries spinning up.
These ETFs are on a 16-day streak now.
We've got, as Mando mentioned, some bullish DeFi commentary out of SEC Chair Paul Atkins.
Hype hits a new all-time high.
The launch coin ecosystem rebounding quite a bit.
Folks are already running out their annualized revenue graphics.
You love to see that.
Pump fun wasn't saved by this burst token yesterday, which came out of nowhere and love to see that. Pump fun, was it saved by this verse token yesterday,
which came out of nowhere and ran to a billion.
We've got other meme leaders on the move.
Virtual is moving to ETH, this OCAP Games race,
thruster winding down, ops, and more.
A lot to get into.
Before we do it, shout out to our partner,
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All right.
Mando, if you're ready, let's get into it.
Do it. Let's do it.
Who is the man, macro daddy of the land?
Can you dig it?
GM, everyone.
So yeah, it's been a decent day, I think.
Bit mixed for Bitcoin, but for altcoins, we've had a decent run up. up as I said yesterday it feels like the crux of
this is to do with um being like we're okay on DeFi now you saw a bunch of DeFi coins rally pretty
aggressively on the back of that which was um mainly Aave was the big one and then you've had
hype hit a new all-time high off the back of that too i think hype was mentioned in washington yesterday um and i think the other one's uni uni swap had a decent
move so this whole like eth ecosystem eth def i think suddenly kind of got a narrative behind it
uh and you've seen a big rally i think in in eth and then kind of eth related coins some of the
eth betas did well to be fair some of some Some of the ETH betas did well. To be fair, some of
the generic betas did well.
We've seen a big move in things like Farcoin.
Obviously, they've got Coinbase
and I think Coinbase
just added perps as well for them.
Dominating in terms of volume.
It feels like coins that you want to own are doing
well. I don't think we're seeing
a broad-based
altcoin season. I treat that out
just before we went live.
I don't think we're going to see a broad-based
altcoin season just because it doesn't feel like
there's enough new people that have come in
to buy altcoins. I think
just buy the coins which are strong.
Do you know what I mean? Or have been strong. Hype
is a good coin to buy right now because
if the market is strong, that will rally.
Fartcoins,
it's a coin that most people will have on their list of potential buy it rallied um i think arve maybe is its own like select thing because
has this relationship with eath at the moment has a fee switch but after the um
and after the circle ip over some look at like d5 coins having a decent move but um rve is another one which which feels
very much e beta but um but other than that i'm not wary of like fomoing and i think you've kind
of seen that like the other l1s sui solana like they're doing okay but like they don't feel like
they don't feel like you're sitting there some raging like that's a 158 like it's kind of up but
it's also unchanged in the week so i'd be very
worried just like we're about to see everything go to all-time high again i think uh i think
we're gonna see as always with altcoins using now pockets of stuff which outperforms and um i would
probably go with the trend on on stuff that you think is going to outperform. So hype has been such an obvious one for a while,
but there's obviously a few more in that sort of world.
That was it because of the main top-down crypto news.
There's obviously more companies coming saying that they're going to buy Bitcoin.
That happens every single day.
But I think the ecosystem is kind of taking the majority of the focus right now.
And then, as I said to Tyler, I think we will hear about staking ETFs soon.
I just get the feeling that that is going to be the headline.
And it may be for ETH and Solana, or it may just be for ETH,
but it feels as though we're going to hear about,
I think we're going to hear about that in the next month or so.
Staked ETH hit an all-time high actually overnight um which i think is an
interesting move but um and i'm not the biggest eath bull of all time i think you can tell i've
been pretty pretty against it but i do think it's got a it's got this like narrative now where it
can it can push on yesterday macro was pretty quiet, actually.
Tesla is taking a lot of focus just because of what Trump and Elon were doing.
But this period has been a period of rising bond yields,
stocks actually heading towards roughly all-time highs,
but really big moves in a lot of commodities.
So gold has kind of stuck in around all-time high,
but you have silver hitting close to an all-time high.
I think it's platinum.
Platinum is hitting, is going parabolic right now.
So a lot of these like hard assets are trading very well.
And these are assets which don't really move like that.
Like they traditionally are quite quiet.
So it's just interesting to see.
This is probably not a bullish sign,
but it's a sign that people are kind of wanting to move away
from bonds and stocks and into stuff that they perceive
to be a bit more of like a hedge against that sort of stuff.
This week we still have CPI and PPI.
Did CPI actually come out?
It's tomorrow, right? It's tomorrow, right?
It's tomorrow, sorry.
So it's tomorrow.
And I think that'll be the main thing
that will move the market.
Normally what happens is PPI comes out,
CPI comes out, market moves,
and then market kind of reverses
what it was doing when PPI comes out.
I think we'll probably come in slightly below expectations again,
as we have seen.
But I don't think these CPIs are that important because the Fed has already
said that we don't really care.
We think there's going to be some short-term impact of tariffs.
If it comes above, people will just say, oh, don't worry about it,
which I think is kind of an interesting position to be in.
Yeah, I think there's more upside than downside risk to your point.
Like if it's a little high, it's like, oh, we knew about this.
It's tariffs.
But I think the Milk Road crew has been tracking the Truflation to CPI data,
and it looks like it's been reporting on some kind of like a 45-day lag,
CPI compared to Truflation.
So the Truflation index is going up since May,
but it was very, very low in April and May.
So if we get the May CPI data and if it's tracking into this range,
it could be a very low number.
And if it comes in low,
I wonder if folks will run with that temporarily, rightfully or wrongfully.
I was looking at the rate cut odds.
So I think there's starting to be, I'm seeing this narrative.
I heard it on the Nifty show this morning,
that folks think there won't be be, I'm seeing this narrative. I heard it on the, the Nifty show this morning that folks thinks there,
there won't be any rate cuts this year.
Like that's,
that's still, that would be very,
there's low chances of no cuts,
So we're looking at 30% odds of one cut on the CME futures,
40% chance of two,
20% for three.
So we'll see if this changes coming out of the CPI.
But how much does this even matter right now?
We were talking about some of the catalysts, right?
Yesterday I said on the show, I think it was after you left, Mando,
and then you responded to me on X,
that crypto kind of broadly feels like a powder keg.
And there's a handful of announcements
that could really light the match.
And I was pointing to potentially the no capital gains
if the US is finding a way to acquire
and if they make any announcements there
as two blockbuster ones.
Certainly there are others.
I think the resolution to the US-China trade deal
would be one, perhaps on a smaller scale, but at least for a near-term boost.
The staking ETFs are a very interesting one.
Yeah, I think the fact that BlackRock have been pushing for it.
I mean, you've seen a lot about this.
So the reason why this has happened is on the 31st, it was basically said that if you stake,
it's not considered to be a security.
And that's quite a big thing.
And then yesterday, similarly, the SEC chair came out
and said basically like staking is fine.
So you've seen this like very quick movement towards this.
And there's a number of ETFs coming up
which have applied for that sort of staking.
So it now seems highly likely that we're going to see
something around that relatively soon and i think if that comes out this whole narrative of like
all this ether state supply shop all that sort of stuff alongside what we saw with pectra and kind
of be can kind of be the new narrative um i'm just i'm just looking ahead i i don't even fully
believe in this narrative.
I'm actually of the belief that Solana looks really undervalued,
but I don't think it's going to be the thing that outperforms it.
I think ETH has just got itself in a really nice spot.
I'm with you.
I feel like it's one of those things that will have been obvious in hindsight.
And there's some folks like Pintoshi has been kind of pounding the table on the stake and etfs are around the corner
for what feels like three to six months now so he's been he's been at it for a while but like
this candle from 1800 to 2500 in three days in early may a move like that feels like it's in the realm of possible scenarios.
It's probably like your top 10% bullish outcome coming out of the back of a
staking ETF.
But if ether ripped from 2,700 to 3,300,
I don't,
I wouldn't be that surprised and it would still be negative on the year.
Yeah.
I think,
I think it's, that's what I think. It, I think it's...
That's what I think. It's like, it's still
not liked enough.
I think the other issue is that everyone bought
the beaters, right? No one wants
to know one. Which is like
the other bit of the trade here.
The beaters are not trading. Apart from
Aave, the beaters...
My ETH bag that I bought
has done way better
than the bag I bought with Malt or Pepe.
They've kind of gone sideways over this period.
Rekt has done really well, obviously,
but I think Rekt is like,
people will consider Rekt an ETH beta,
I think is like maybe looking at it wrong.
It's got its own like,
it's like capital markets thing.
But I think the ones
that you would traditionally think of ETH beta,
SPX, I guess is one,
but I feel like that was kind of under-owned.
Do you know what I mean?
Like it was, it was like when people say,
what do you want to own for ETH beta?
Then you'd probably say Pepe.
And Pepe's done okay, but ETH,
just only ETH itself has actually beaten Pepe.
Interesting.
I hadn't really looked at them both side by side.
It really reminds me of when we all felt Solana was about to go to 200 or like 250 and then bought all the beaters.
And then you end up just like fighting it out on these beaters because there's not enough new people coming in to buy those.
Whereas ETH is the institutional one.
This is maybe a bad analogy,'s sometimes it's like owning runes
because you think
Bitcoin is
is the trade
you know like
sometimes just own
a bit of Bitcoin
you know
we're so obsessed
with getting the 10x
that we might just miss
the 2x
much bigger size
that you probably put on
and that's kind of
my thought
a little bit here
it makes sense I feel like one difference between
the Salada run up last year
I think people held Sol
and certainly people went out
the risk curve and traded Sol memes
and got Sol beta
but I'd say a lot of my friends
in my trading circles were holding
Salada bags
I don't have those friends A lot of my friends in my training circles were holding Salada bags.
I don't have those friends holding ETH bags right now.
Other than you, you've been kind of pounding the table on it here for a little while.
But not many others.
Maybe Stats.
I think Stats has been holding his ETH for quite some time. The difference is Fink is your buddy holding ETH and others.
Yes. That's the difference here.
It's an ETH.
I'm not even that close.
I don't really use ETH
as a thing, right?
I much prefer using Solana.
And part of that's just a
phantom thing, right? But I just prefer using Solana and part of that's just a, a, um,
a phantom thing. Right.
But it's all just for as a chain, whenever I'm doing any payments or like just everything about it, I prefer,
but I do think he has just got the narrative right now. And if you're going to
talk, if you think about what everyone's pushing right now, it's institutions,
institutions coming in.
Yeah.
He feels very like it's built for these sort of like
institutions you're going to come in and put on like 500 million of treasuries or like they're
gonna it just feels like it's built for that um yeah that narrative well there's two factors one
there's the yield component which is just an obvious pitch the other is the joe lubin we're building the world
computer the alternative to traditional finance and that narrative was what that was loud in 2021
like when i was kind of really first entering the space and and learning about these majors
and what the different pitches are and then it it went away, right? And it was like digital oil.
And none of us really understood what digital oil meant.
But I think the setup and if price action starts going back positive,
the narrative for the world computer becomes stronger as well.
That coupled with the foundation starting to pivot a bit,
their focus as well.
Logan,
I think you're not in your head for your thoughts on all well. Logan, I think you're nodding it in your head.
Curious for your thoughts on all this.
Yeah, I think it's difficult, at least from my perspective,
and I'm not actively acquiring or trading ETH at this point in time, but from just my objective observations of headlines and such
from the last few weeks, it's difficult not to have some level of optimism
around ETH at present time. You mentioned the Joe Lubin interview alone. I got to write an
article about that and listen into your interview in depth. That's a tough one to walk away and not
feel super bullish on. And no one or very few people would have better insight into the future
of Ethereum, both near term and long term.
Institutional interest, you know, analysts from Bernstein and etc. are, you know, are talking
about that, as well as just pointing to the fact that some of the some of that interest is people
looking to actual activity on these networks and seeing their
underlying token. We talk about playing betas versus not playing betas, seeing the underlying
token as things that are perhaps undervalued. That was something that was highlighted in a
Bernstein note from mid-May or something like that, that just kind of stuck with me.
Stablecoin interest, interest defy interest whatever the
case may be ethereum has the rails and is you know world computer electricity lubin said like
three or four different things right like it's kind of like all those things or at least has
the opportunity to be all those things um and if you want just an easy way to gain access to it
you buy eth right you Ether, the token,
versus all those different betas.
And so, yeah, I mean, like I said,
I think I'm kicking myself a little bit
in the last few weeks
by not even just starting a small DCA into it.
It still feels kind of like that,
not to be super cliche,
but that like beach ball underwater thing.
Like everybody else got their time to shine, right?
Solana had its bitcoin has
had its but like ethereum still feels like it's it's probably due a uh not financial advice but
it's probably due like a little bit of a you know time in the spotlight i don't think it's really
gotten that just yet it's hard to believe in some capacity that December 8th, ETH was 4,000.
I don't remember what that feels like. Oh, geez.
Yeah, it's crazy, right?
And would it be crazy to win that?
It could run a long way and not be overbought, you know?
Yeah.
If we're doing the show in two months and ETH's at 4K,
it wouldn't shock me, right?
If you told me that's a scenario that's on the table here.
Yeah.
And that still feels,
I mean,
it feels a little silly that like,
only 4k,
you know what I mean?
Like that's what the way that I'm internalizing that when you say eat this
just because it's,
it's been there,
done that before,
you know what I mean?
We're still like 4,800,
the all time high.
some of the analysts are projecting you
know anywhere between four to five k here arthur hayes says something similar as well four to five
k by the end of the year like it's not shocking uh but at the same time it's not even it doesn't
even give you that um like the the shine just because it's it's already happened it's kind of
boring for it to be at 4k um even if that is a huge move from here.
It's like a 50% move up.
It's a 50% move up.
That's a really good way to put it, I think.
Bitcoin moving 50% right now takes it to 160K, 150K.
Yeah, that feels more difficult to me than ETH going to 4K, right?
When's Bitcoin going 165K?
This year.
If it does, I think ETH could go a lot higher.
Like, I think ETH could go to 4K by the end of this summer, basically.
It could do it by, yeah, I think over the next couple of months, basically.
I've been thinking about that a lot.
If Bitcoin does do the run to 150, 160,
where does ETH go?
I mean, 4,000 feels like the base,
or maybe even the bear case there.
I don't know.
That would be bearish for ETH
if it doesn't get hit 4k for that
level right now that it has narrative well it would be bearish but it would be basically holding
the current eighth bitcoin ratio right it's yeah four to one so you you would need to that would
be them tracking in line just quickly i, I want to go deeper down.
Man, we have CPI tomorrow.
I think Wiz, Wiz of Soho, one of the louder bears on the timeline.
He's telling everyone to de-risk into CPI.
Do you think we'll see wider de-risking today?
Can Wiz de-risk anymore?
Does he want to have any risk?
I don't think he should be de-risked.
With the right coins, I don't think he should be de-risked in CPI.
If you've been buying things waiting for an altcoin season,
I think you have to really evaluate what you own.
I think runners will run.
I don't think this is going to be the chance for you to get out.
There has to be a good narrative here for it to continue.
I don't think it's going to be like it was in December or November.
I really don't this time.
I think it's going to be a bit more of a selective rally.
If this market felt like thousands of people are coming in and asking me like like, which coins should we own? Like, it's hitting the news, but it doesn't.
It feels like we're hitting all-time highs because of institutional adoption of Bitcoin.
And potentially, that's shifting a little bit more towards ETH as well.
That's not a world where, like, your friends are asking you which altcoin is going to 10x.
And you've got to play that, that hand, you know,
remember when,
when Bitcoin rallied because of all the ECF blows and we were like,
what the hell's happening to our old coins?
It's because there's no buyers of those.
And we were all sitting here waiting for old coin season as Bitcoin rose.
And actually there was just no one coming into bottom.
We just put PVPing it between ourselves and others went down during that
period.
Yeah.
And it continued to go down.
I feel like it's a very similar sort of period here where all you know i can see it for a man in minutes like
there's not hundreds of new subscribers coming in each day and wanting to read the newsletter right
it's it's pretty flatlined for the last couple of months and that that tells me that that this
isn't a rally to like go all in on some altcoin hype.
Yeah, I think that's the right read.
Well, before we leave this topic entirely,
Logan, Kirsten, did you have a chance to dig into Paul Atkins' comments yesterday
and kind of why everyone's starting to get up above the quick TLDR on this?
Yeah, so I read the remarks from Paul,
and there were some others from Commissioner Crenshaw as well that I think you can read through on sec.gov if you're looking to see the full remarks.
You know, to be quite honest, I didn't think anything that he said was super, you know, enlightening.
But as Mando noted before, he kind of gives you just the sense that, like, the previous regime was very hands on here and we're going to sort of and we're going to just let it be. Not in those words, of course, but it makes it feel like the regulatory stuff that previously hindered innovation, that previously scared people from trying new things or from whatever the case may be. Like those, those shackles are kind of off.
I think at the very end,
one of the things that stuck out to me is like there there's mention of like
an innovation exemption and things like that. That's just,
that's exciting to me because you, you feel like these opportunities,
particularly in the United States for a really long time have just been like,
you know what,
we can't really push the envelope too much because we don't want to bring on any scrutiny from anyone else. And with this administration and the crypto task
force and all, you know, Gensler being gone, it's just been like, hey, go out and see what happens
and we'll evaluate when it happens. You know what I mean? And that's sort of what I got from it. I
know that, oh, they have innovation exemption right there at the top. I don't know what else to say. I encourage people to read it
for themselves if they want to pull out specifics. To me, it just felt more of like kind of like a
reassurance that like, you know, we are going to stay true to this path that's been, we've been
going down for the last few months, which is that, you know, you are okay to innovate, you are okay
to try things, you are okay, whatever.
It doesn't mean crime season or anything like that, hopefully,
but it just means people that want to actually build and create in this new financial ecosystem
can do so without fear.
Yeah.
Tyler, can I ask you this?
Because I know, well,
what do you think Happens next administration
Let's say the Democrats
Let's say we get AOC
Coming in, President AOC
Do you think all of this gets brought back
That's what
Kind of slightly worries me about this
Is that like I'm just
Although I'm super bullish
About this whole Trump
We're getting a lot going
Quite far, do you think that this Will backfire when it comes to the next presidency Although I'm super bullish about this whole Trump, like, you know, we're getting a lot going, go quite far.
Do you think that, like, this could all backfire when it comes to, like, the next presidency, that, like, they actually come down very heavy handed because of, like, maybe some of the perceived grifting that's gone on?
And this whole, like, reshoring of crypto in the US, is this just going to change in 2020?
Whatever it is, 2029, is it?
Next election?
Yeah.
Next president?
I'd say it's been one of my bigger concerns,
especially with the Trump family going deeper and deeper.
But what I will say is that if I had to put odds on who's going to win the
next election right now,
I'd put Democrat chances below 30%.
Maybe low, below 25%.
So I'm less concerned about it right now
because I don't see their path to victory.
Yeah.
There's a couple of wild cards
where if Elon spins up his own party,
is that going to split the Republican base?
Yeah, it's like that's something.
But Democratic leaders are pretty terrible
right now. They haven't really...
They don't have much of a platform.
Even what they're doing with
the migrant riots
I think is not even being very well received
right now.
I'm not concerned about it.
But in the scenario where they do win, I think it's a very
real
risk.
They're always closer than you think with elections, right?
Yeah.
The one thing I like to think about, Tyler,
not to cut you off of your formative thought there,
is how much money was spent by Coinbase and others in lobbying.
And that was across political lines, not know, not just red, but blue
as well. So, you know, hopefully four years, the Trump stuff is the scariest part of, the Trump
personal enrichment is the scariest part for me, but perhaps in four years with like actual
regulatory frameworks that seem fair and reasonable and maybe not so much additional
grifting if we can do that because it's only been it hasn't even been a year and a lot um
you know my hope is that perhaps uh both parties are a little more you know level-headed about
crypto
i don't know and then it becomes harder and less, I don't know,
less desired to get rid of.
That's my hope.
That's some hopium.
Another aspect is it feels like maybe up until 2024,
going after the crypto folks felt like a niche.
Like, okay, we're going to be hardline stance against crypto.
But if crypto goes much more mainstream in the next four years,
now if you're walking
back the regulation, if you're going on attack,
you're attacking a much wider
group of people
in the US, and maybe that's much less
appetizing.
I think it's a real risk. I think it's something
that if we make big progress in the next
four years, perhaps we can take
some of the risk off the table.
So certainly.
You just got to hope it gets so far in the next four years that it just
doesn't reverse.
Yeah.
I just think that maybe even within crypto,
we should be kind of aware of this.
Like the point I make is really just that we're sowing the seeds of the next bear market ahead of the election.
If it's like, oh, crap, we're going to get something like, I don't know if it's crime season and we get tokenization, which is which is really just like securities and all this sort of stuff.
like securities and all this sort of stuff.
Like, do you think it's going to in some ways it can really turn?
I do think it's going to, in some ways, it can really turn.
Yeah, political shift, and then all the corporate treasuries
become for sellers.
At the same time.
Right, like that's the obvious bear market pullback scenario
that positions itself right now next to like the quantum computing
FUD or concerns there.
So very valid, definitely worth keeping in mind.
I want to go now down the risk curve a little bit.
It won't be a huge surprise to a lot of our listeners there.
So we've been talking about the bull case for you.
If, like what else is performing?
I think Mando mentioned this.
Uniswap up 25% huge move.
Abe up 19%.
So those are two leading movers in DeFi.
We got to talk about SBX for a bit.
I think it's become...
I mean, Pepe is the number one meme on ETH.
It's at, what,
five and a half billion. But
SPX is,
I mean, its all-time high waiting room is open
and electric
right now. It's less than 10%
off all-time highs, I believe.
We're right in that range.
And, I mean, it's going parabolic.
It doesn't look like it's going to slow down.
It's got half the holders of Fartcoin.
Well, actually, I take that back.
HolderScan has it at $78,000.
But that actually might be, I'm not sure if that's across chains.
So I'll have to look into that.
But I guess where I was going is it doesn't feel like
nearly as crowded of a trade or as public of a trade as far coin does right now um i agree this
is a pain trade i actually genuinely believe that like this going higher people will be like crap
like i bought the wrong one like no one's no one really like it's a it's
very much still a clique spx right um it's not like oh we all love this is the funnest thing ever
like it's just murad and then out to it i just kind of like who are literally insane about it
like they will post everything but they're not like mainstream accounts it's very much just a community
that loves SPX
this is a prime example
that was a good trade
this going high is a pain trade
in the same way that ETH going high is a pain trade versus Sol
I think this is a pain trade versus Mog and Pepe
I like these coins
I don't own any but I really do like these coins. I don't own any,
but I really do like the sort of like the movement coins,
the sort of get behind the house coin,
flipping the housing market and stuff.
I mean,
it's just really difficult to create the,
like the type of community that's lasting enough to get behind the thing,
you know,
for more than like a week or two,
right.
Just cause the metas are so fast.
So like flipping the housing market, that's fun.
But like, you can't just keep that up.
They've kept it up.
Even if it is just Marad and like two other people or whatever,
like they have certainly kept up this,
hey, we're going to flip the stock market thing.
And I think people can get behind that.
And this is, you know, the price movement here recently
is definitely evidence of that in some way or another.
So I'm rooting for it.
I don't own any.
I sort of like the Maraud is right stuff that's, you know, percolating on my feed a little bit.
There's now a Maraud.
You know, you were building out your list by hand, Tyler, before on Deck Screener.
There's now a Maraud's picks category on CoinGecko.
Oh, yeah.
Yeah, you can see them all's picks category on coin gecko oh yeah yeah you can
see them all in one spot on coin gecko so um good for good for holders uh it's still something that's
kind of like i'm interested in potentially owning i don't own any at this point in time
but i can totally get behind the coins that sort of feel like they have some level of purpose i
think that might be easier to drag new people in than just pure meme.
The purpose coins, if you want to call them that.
Yeah, I think that makes some sense.
There's now a pretty wide gap between SBX and the other movers on that
Maraude list.
I think the last time when SBX was at all-time high previously,
Mog was also over a billion.
So Mog's hanging out in second at 430.
Popcat's at 380.
Giga's at 240.
And the rest of the list
has been pretty underperforming.
Has he abandoned these other ones?
I don't see many of his tweets, but
the ones I do see are only about SBX.
That's a good
question.
I see much less chatter about
the overall Maraude list than just sbx so it does
feel like perhaps he's a little bit less on those and it feels like some of these other ones
i don't really see like the retardio buzzword was everywhere last year right like i feel like i don't
see it lock in is kind of not really said nearly as much as it was.
I still feel like Giga is a strong one on this list.
But these middle range ones like Ticker Bitcoin,
it's hard to get behind like a 3X on that.
Apu.
So the rest of this list is feeling a little bit weaker.
I think Mog is still going to be Mog.
Still got K-Money behind it.
If it starts to move, everyone's going to start to
rally behind that. Definitely.
I don't know if it's going to
be the whole Maraud list moving this time around
like it was last time. I mean, we're
already seeing that with SBX basically at
all-time highs. Some of the other
movers, we talked about this a little bit at the open, but man,
hype has been incredibly
strong. There was a pretty large sell wall at $40,000 and it smashed right through it.
It was at $41.50 earlier today.
It's pulling back a bit now.
And I'm seeing louder and louder cries for the move to $100,000 or the move to $400,000,
which would put this thing at Ethereum market cap. The move to $ um which would put this thing at like ethereum market cap if if hype the move to 400
do you say the move to 400 yeah four four to 40 was the it was the early move uh and then 40 to
400 is the next move so that would put it at a 400 billion dollar fdv uh which is bigger than
ethereum right now.
Logan, have you been following the hype trade?
Did you play in this much?
Yeah, I mean, I'm still holding not the entire bag.
I offloaded a little bit, some for tax loss harvesting or whatever.
I don't even remember.
Not holding as much as I wish I would.
I'm not like playing around in hyper EVM or stuff.
I feel like that's something that maybe I'll kick myself. It's just difficult with like summer being around and other things going on to
dedicate myself.
Otherwise I'm just kind of enjoying price go up alongside others.
It does feel Mando said it earlier.
I mean,
like it felt like this was one of those coins.
If things are going to go up, this kind of felt like one of them.
Same thing with Farcoin.
There's a handful of others that you can sort of, I don't know,
just feels like there's some level of safety here built in.
So, yeah, I don't have too much to say other than,
I mean, it just feels like a winner.
Oftentimes, previous versions of myself would just kind of like,
either I missed it or whatever, not pay too close attention.
I'm trying to be better about letting winners win.
And the same thing goes for the DeFi coins or anything like that.
I think you just kind of focus on the winners that have established themselves thus far,
and you don't need to get too cute.
It's definitely a FOMO.
I think Max Payne higher trade a bit as well, at least for me,
just because you see so many folks talking about it.
So every time it pumps 5%, 10%, you've got the whole timeline.
Celebrating the new hype, all-time high.
It feels somewhat safe-ish, or at least it has.
I mean, even these last two dips, right?
They're already bought back.
It's more crowded.
That's the one where I'm about.
It's definitely more crowded at this stage.
But I do think that the buybacks are good
versus the current market cap.
Yeah.
They're good.
I wanted to share the tweet that I did earlier
because I just did that before we went live.
I shared my screen, let me see.
Can we do that?
There we go.
So I just put, how about Etherizing isn't an ultimate season?
We have, don't say that again.
It ain't a parasite salon of Ether if he runs all.
Like, everyone just hates this.
Isn't that just hilarious?
Yeah.
For what it's worth, again, think what you will of Arthur Hayes,
but that is basically, that was sort of his rationale.
He spoke to one of the members of our team at the Crypt
at Bitcoin Las Vegas
or whatever, and said that it's the most
hated L1, and when
you see a cycle turn a little,
you want to be in the most hated
asset, that would be Ether.
I tend to agree. I mean, it is...
I can't think of anything else people
hate more at this point in time than Ether.
Those replies are hilarious to me.
That tells you that there can be a lot of pain in it.
I agree.
I also just think
people are
misinterpreting alt-season a bit.
I don't think
there's a world where just ETH runs
and literally nothing else runs. Kind of like what you've been pointing out is that there will be a bit. Like, I don't think there's a world where just ETH runs and like literally
nothing else runs.
Right.
I think kind of like what you've been pointing out is that there will be
pockets about performance,
but don't expect like all of the L1s to go up just because ETH does.
I still think that there's going to be like,
right.
10 big movers on the board in that scenario.
I don't know.
Maybe that's my hope showing through.
But it's hard for me to see just like a pure ETH rally
where nothing else does.
But we'll see.
Maybe I'll throw my comments in there
and add to all the responses on this.
It's funny.
Me and Ovi have been going a little bit, not back and forth,
but we've been debating this a lot in the back.
And then I realized that 30 minutes before,
he put out a tweet being like, I believe in Ultima season.
So it looks like I just called him out on the timeline.
Oh, yeah.
This is pretty funny.
That's perfect.
Well, quick shout out to Ovi and the Rekt crew.
Got to touch on this at least briefly today.
How about that?
Right.
There is no top.
There is no top.
In price discovery.
This week, there's always stuff with these guys.
They're crushing it.
I'm in a group chat with Tabs
and OSF and each week they're just like
oh my god we got this
definitely good time
to be a wrecked holder
Tyler have you had the blue one too?
shipwrecked?
my case is on the way I just got the email
hopefully today or tomorrow
cool i'm
excited to try that one i've heard it's the best i'm i know i missed uh it sold out i don't know
what was happening but i both i just like somehow missed the apple and this last one
work crew i'm gonna call you out on that briefly because i was hosting a show
when that the shipwrecked launch went live, and I still was able to meet.
Where was I?
I must have been doing something.
I don't know.
Yeah, it's not an excuse.
It sold out very quickly.
I think it sold out in, like, I don't know if Amanda knows the exacts, but I think it was.
Yeah, like 17 minutes.
You had to know it was happening.
Yeah, not a good excuse for my end, but I'm eager to try the other flavors because I enjoyed the liquidated lime, and I've been reckless for a while now.
Well, I'll save you some for your Chicagoland trip.
Yeah, and hopefully in about a month I'll be out there.
You going to Chicago?
Yeah, it's been a while since I've been. I like a good Chicago summer day.
Nice.
So you're going to meet Tyler?
Are you going to have drinks?
Hopefully.
Hopefully he can spare some time away from the charts for me.
We'll see what's happening at that point in time.
No one works harder than Tyler.
No one.
We'll see how busy alt season.
If Mando's right and it's just ETH pumping,
I'm just going to be,
I'll have a lot of free time on my hands.
I don't think it's just ETH to be clear,
but I just think that,
don't think it's going to be a broad based altcoin season.
I actually think Bitcoin dominance can come down and the big winner is like ETH plus Hype
plus maybe Aave, a couple of others.
But like, I don't think this is a XRP,
Sui, Sol, everything just fucking goes. I don't think it's like that this time. I really don't think this is a xrp sui soul like everything just fucking goes i don't think
it's like that this time i really don't yeah and i for the record i do agree with you there
um i think there's going to be another likely winner this summer uh and that is our beloved
fart coin which i woke up and it was over a dollar 30 this morning which was quite lovely to see. It was pretty, I mean, in hindsight,
this was a big pullback.
I get like $1.60, $1.65
went all the way down to
the end of the 80s.
Basically, a full 50%
after just a massive run.
Shook out a lot of folks.
Now back to $1.25.
Chart looks great again.
We got Coinbase perps coming Thursday.
We think spot probably coming along with that, but we don't know.
And still Robinhood and Binance spot listings on the table.
So it's a nice setup.
I think this one is going to continue to be a strong horse this summer,
especially if Bitcoin follows that beloved M2 chart.
Another interesting token to watch this summer,
LaunchCoin.
I mean, we got to talk about this a little bit.
Talked about it yesterday.
It's back to 200 million.
The ecosystem has cooled off a bit.
The ecosystem was incredibly hot over the weekend.
I think most of the ecosystem tokens are red, about down 10% to 30% on the day. So certainly
a pullback across the board, except for launch. But what was interesting the most to me on this
one are seeing the folks starting to extrapolate the revenue numbers again. And I think this is
always one of those things
that's like tongue in cheek
and you can't get too excited
about a handful of weeks of revenue.
But the reason I bring this up is,
so LaunchCoin has a fast start.
Crazy revenue numbers.
It was a bubble.
Okay, you can't extrapolate out a week of revenue numbers.
But now we're like three to four weeks in.
And the reality is more products, more tokens are continuing to launch ongoing in this ecosystem.
And folks are trading them.
And the new meme sector on Solana is pretty dead.
Like the appetite for new meme trading, talked about it yesterday, it's all PVP. There's really no appetite for it.
But folks still want to trade. And I think it is
to the benefit of this launch coin ecosystem.
And I guess the point is, even if you don't believe in it, even if you think
ICM is all just total vaporware,
if there's trading action continued for another weeks and months,
the revenue extrapolation becomes a much stronger pitch.
And we've got the Star Arena protocol trading at $250 million FDV yesterday.
And LaunchCoin is certainly seeing a lot more action and tension than that.
So it's an interesting one to me.
And I think it's one that can't be written off just yet.
I think that's my takeaway.
I think it's really important that the,
not to knock any products or founders or protocols launching,
but it's really important that not everyone goes straight up immediately.
In my opinion. It was obnoxious to start. It was just like all the manias and frenzies that
transpire here whenever there's a new meta. It does feel like, at least from my perspective,
and I'm not actively really participating here, but it does feel, I don't know, more stable, more real, like more authentic
than it did before. That's not to suggest the products or protocols launching are legit or not
at this point in time. But at least, you know, perhaps a bit more due diligence being given to,
you know, not just throwing shit at every single thing that launches, you need that, you know, not just throwing shit at every single thing that launches. You need that, you know, you need some losers, unfortunately,
for this ecosystem to be like a real ecosystem.
So yeah, I think it's good.
I think it's good.
It's healthy, but you know,
maybe that's the best way to characterize it.
Healthier than it was before.
The bubble blew up incredibly fast and it basically burst.
But, and now that they're starting to rebuild.
I mean, look at this.
Like this price action.
Like this was untradeable.
Like this three-day stretch, LaunchCoin went from $10 million to $350 million.
It's like that's just a FOMO trade.
You're just buying in just to catch the price action.
And then over the next two weeks, it went down 60%.
But now it's going up a little bit more slowly
at a more reasonable pace.
And now it's giving like an entry
where if you want to build a position,
you can actually do it
and you can actually DCA in
and buy dips and whatnot.
So I'm curious how this will continue to trend,
but I think it is,
the launch point ecosystem is much to the benefit
of this meme meta slowing down,
the new meme meta, so to speak.
But of course, the caveat,
maybe the exception that proves the rule,
Verscoin, it's off my window here.
So this token launched on PumpFun yesterday,
Versworld, it went to 1.1 billion in two hours.
What is it?
It's like a metaverse game.
A metaverse.
It is a metaverse play.
Open to the public.
What is it?
How do they describe it themselves?
Consumers, celebrities are seeking new and innovative ways to engage with each other.
First of its kind offer multiple real-world use cases and cover the full metaverse spectrum.
So they're pointing to their tech, most performant 3D scanning studio,
fastest growing metaverse company in the Middle East. Expertise and clients.
No more.
That's the pitch.
I do not own any of this.
As I was, once again, instead of tweeting about it,
I just wrote about it.
Fastest growing metaverse company in the Middle East.
I think we found the reason.
I wrote about this at 700 million and then 15 minutes later of course it's lower now um
what's interesting so one like the reason this happened this is massively bundled
so if you look at uh i was looking at this yesterday. Basically, it's like 95% supply control, 95% to 96%.
So the market cap is more.
Oh, yeah.
So I guess they're saying the market cap here is $50 million.
So it would have been $100 million at peak.
I think that's even a little high for some of the way I see this whole distribution.
So that's what enabled it to go
this high. We haven't seen tokens
run to $30 million in a day
lately, let alone
a billion. Have you seen this other coin?
What's the other coin?
Oh my god, I've been following it a little bit.
I forget the name of it, but
B-Check got me on it about this coin that
just keeps on rallying.
Is it KITA? K-T-A? Yeah. This thing. B-check got me on it about this coin that just keeps on rallying. And like, no, this is Kita KTA.
Yeah.
This,
this thing,
it's just like a hundred percent feels like a scam.
Whoa.
It's like 1.7 billion.
Yeah.
And like,
no one really knows what it does.
Apparently main net is coming.
And then apparently the test net came out the other day and everyone was like,
this is just a scam.
Yeah.
It had this long consolidation period when it was in stealth mode.
And then it came out of stealth mode,
went from a hundred million to 800 million in 10 days.
Chopped at 800 million.
What is this thing?
Can we have a look?
I'm not familiar with what this,
so I've been following this. It's been on my radar.
Most scalable blockchain in the world.
So it's going to be a fast...
10 million?
Built-in KYC
digital identity
on-chain FX flexible rules
engine.
First blockchain truly capable of supporting
regulated financial...
Don't go into that.
Let's type in Keter.
Let's see what people have been saying.
Money Lord.
He's tweeting about it.
A lot of talk about price action.
MRG.
I'm likely the first person ever to go on key to test net.
TLDR is completely fake.
The Explorer is a versatile bi-coded page
posting fake trending transaction data.
Let me just put it so you can find it.
Yeah, I saw that one.
This is always interesting
to look at the ticker chats on on twitter like how many people are
actually talking about these random ass tokens it's it's pretty wild rather i i i kind of have
this as a barbell strategy where i like i like to just to short trash this one at the same time is like is dangerous you can feel this one
something's going on there yeah i'm with you these are the tricky ones to
to know how to short so mixy was similar right so mixy was the one that ran super high.
It was just grinding up every day.
And the founder previously had multiple nine-figure companies.
So some of the Lexapro got behind it.
It ran all the way to $100 million, basically up only.
And then they had this announcement yesterday
that some publicly traded company had been buying it. like that was the announcement it sold off 50 and i think that
was like a very sell the news event i think a lot of these tokens have that kind of a play
back on like part of the tibber bull case is it's it's it feels like it's some of the same players
of the key to trade tibber is another one where folks it's a feels like it's some of the same players of the Kida trade.
Tibber is another one where folks
it's a lot of speculation what this actually
is. No one really knows what it actually
is. There's a lot of theories
out there.
Just buy some, man.
Just don't ask questions.
Alright? This is the
fastest growing blockchain in the Middle East.
Don't ask questions.
So this thing is, since April 7th,
it's gone from one and a half million to a hundred million,
basically in a straight line up.
And it's still in stealth mode.
So we'll see what happens when it exits stealth mode.
We're running out of time.
I'll quickly go around the horn.
Let's see, was there anything else we wanted to hit those were the big ones
we had OCAP Games
they announced their $3.5 million raise
from 1KX and then Yuga Labs
that was an interesting twist
Spencer acquires Moonbirds from Yuga
Yuga invests in OCAP Games
but I think that was an exciting one.
He didn't feel that, didn't he?
Man.
Tyler, sorry. I'm sorry.
If you already spoke about this, because the news
of the IP sale
was last week, I believe.
Are you interested in a Moonbird
at all? It's sort of got the
pudgy arc
here in play.
Sort of, you know, disdain for the founding team,
taken over by somebody who's, you know, beloved by the community.
I don't know.
I think that they will be a good longer-term hold.
They're at 0.76 ETH right now.
I think some of the recent price action... 0.TH right now. I think some of the recent price action...
0.76?
Yeah.
I think some of the recent...
Wow.
They got a little overbought.
That's what he's doing, right?
Yeah.
And he has a business.
Sorry, you go, Tyler.
No, no, I totally agree.
I think he's a competent founder.
He knows the space well.
I liked his message when we talked to him on last week's show,
but also what I heard between the lines was don't rush in.
Don't FOMO buy this.
Like we're in for the long haul.
We're going to spend time building this out.
So I didn't leave that interview saying I need to buy a moon bird today,
but I need to have them on my shopping list.
Yeah.
Yeah.
It's interesting.
you know,
I haven't dug too deep and I'm actually,
you know,
hoping to be able to reach out and chat a little more with Tim or the team
about what,
what are the plans out to listen to your,
your chat with him as well. But, um,
as I was thinking about it yesterday, when I saw that news, you know,
and you guys willingness to participate alongside as well, just gave me,
it gave me pudgy vibes, you know, not,
not just because of the connection, right.
Cause obviously there's a connection between Spencer and, uh,
and the pudgy penguins ecosystem, But just the arc of it playing out.
The community really, really has that deep, I don't want to use the word hatred,
but it almost gets there for Moonbirds and Proof.
And now you narratively flip that on its head in terms of sentiment.
In my opinion.
You know, you've put it in the hands of somebody who is revered and, you know, well-respected.
You know, I didn't know much about Luka when he took over Pudgies, but like, you know,
Spencer, I think community sentiment around somebody would be even bigger bigger than like Luca taking over. Right.
You know what I mean?
Maybe not,
but that's just the way that I'm thinking of it.
Perhaps just because I know,
others can,
could comment if they were more,
you know,
aware of Luca when he took over,
but yeah,
I think perhaps more well-known,
more,
more well-liked perhaps just on the gun,
not saying that Luca wasn't liked.
I think he just perhaps was a little bit more of an unknown to,
to the,
yeah,
that's,
yeah,
that's what I mean.
I think bull case Spencer knows like these trading card games. Well, he just perhaps was a little bit more of an unknown to the branch base. Yeah, that's what I mean. I think Bullcase, Spencer knows these trading card
games well. He's deep in Magic the Gathering.
He's already had success with OCAP games.
I think it's easy to project he'll continue to have that
success. Moonbirds holders,
if they held this long, they're not selling now.
They held through all
of that fun. They held on a 90%,
99% drawdown.
And now, I traded these. It was the most fun trading weekend arguably of that foot. They held on a 90%, 99% drawdown. And now I got, so I traded these.
It was the most fun trading weekend arguably of my life.
I took three hours out. It was my birthday that Saturday.
These launched and I just traded them. And I love these things.
And then they're a historic part of NFTs.
So they've got that, you know, built in lore as well.
So I think there's stuff
to be excited about i just think it's a longer term play than like we need to go sweep the floor
today um so that's my read other than that uh i mean thruster announced they're winding down
operations i think we got glimpses of that perhaps a week or two ago but just kind of another sign of the times for the Blast ecosystem.
They're
the primary protocol on Blast.
Primary recipient. Do you not think that
he's kind of throwing the towel a little bit
quickly here? Do you not think he's a smart
dude? He had so many
interesting things he could do.
I feel as though, yeah, the points
maybe is dead but can you not think of something else
to get it going again?
I guess Blur kind of died at the same time,
didn't it?
With Blur's still going.
I've been... I'm hesitant to
thud Blast just because I do
have respect for Pac-Man. I think he's a really smart
guy. Right, me too.
But it's like, what is
going on?
They brought in Jen to be on that like communication or like leadership
council. I think she's done with that. So like, what was the point of that?
They're just heads down focused on the mobile app,
but like there's nothing else to do in the ecosystem. So like what,
what's the even, why do you need a mobile app?
I guess you can earn good yield
on your blast stables.
Yeah,
it's been a bit of disappointing,
but the same,
similar story with Blur.
I mean,
Blur had the lead.
Like Blur was the,
the,
the NFT marketplace.
I was starting all my days
looking at Blur
and now I'm back to OpenSea.
I think he's a smart guy it'd be shame if he didn't come back and think of
he will have a flywheel and i think he can build one like he's the person that
can build like a hyper liquid combats it you know i mean yeah like he knows what
he's doing um admittedly i feel as though the l2
was probably a misstep because he probably decided to do the l2 kind of at like just
beyond the peak of l2 let's all do an l2 and then it all kind of felt like
that wasn't going to be the trade anymore um the Hyperliquid's come out and been like a one app.
Like they could have made Blur the,
I guess they can't really do it with Blur, right?
Because they have to all bridge.
But you do think that there's a lot of things you could do with an L2.
Like if he made it a more centralized L2,
same way that Hyperliquid is basically just a centralized L2.
Or L3 even.
Or is it an L1 now?
I'm always kind of confused.
You just have to bridge the power to get there,
but like people think it's an L1 and then like,
can someone explain that to me actually?
Like I'd love in the comments,
someone explains to me what is going on with hyperliquid.
Because whenever I look at it,
I'm like,
I guess I have to bridge the arbitrage,
which you put money on hyperliquid.
People think it's an L1.
And yet people say it's also like an
Arvidsome chain
where are we on that
anyone
know where we are on that one
I don't have the answer I'll be looking to the comments
myself
it sounds way cooler if it's an L1 right
but is it
from evaluation I think L1 is stronger
pitched than L3
but I agree with your thoughts is it from evaluation? I think L1 is stronger pitched than L3.
But I agree with your thoughts.
Rudy and Pac-Man on it.
I hope he figures something out.
I think he's a brilliant guy.
This place would be better with him building.
Maybe he's just done with it.
Yeah.
Maybe being a crypto founder isn't that fun.
I can understand.
It's tough.
I can understand. Maybe it tough. I can understand.
Bambia is not taking so well.
I'm actually surprised that, like, yeah, I just feel like he could come back.
I feel like he could have an Andre Cronje, like, research.
Oh, he's back, and he's built this.
If he did, I think people would have flocked to him.
Of course they would.
Yeah.
Because they know he's a smart guy.
It's like he just made some missteps, it seems. I think the difficult part is he's got to be able to thread a needle now where he's not just creating a Ponzi thing, right?
Because there's some skepticism around the products now that he's built thus far.
Not perhaps around him and his ability to build them,
but just some like,
you know,
at least,
at least from my perspective,
like there's a little bit of skepticism about what would come.
And,
and I think you have to keep that reputation high.
You have to avoid like a super clear Ponzi type thing,
which of course the space lends itself to.
I agree. I agree. But I think you can create the new word for Ponzi type thing, which of course the space lends itself to. I agree.
I agree.
But I think you can create,
you know,
the new word for Ponzi is flywheel Logan.
He should definitely flywheel.
Did you see those AI generated girls talking about what should passion act
Probably some of my favorite video content.
Yeah.
Of 2025.
I like it a lot.
Feels like, I agree, move on from the Ponzi to
the flywheel and let's work out
what you want to do here.
Yeah. Pac-Man, if you're listening,
flywheel.
Flywheel.
Give us the flywheel. Alright, folks, that is a good way
to end today's show.
We went about 10 minutes over,
but it was a fun conversation.
I want to thank all of our listeners for joining us.
I want to thank our partners.
I want to thank my co-hosts.
We'll be back tomorrow at 10 a.m.
Eastern.
I believe Stats,
the man,
the legend,
will be joining us for that show as well.
Until then,
go make it a beautiful day.
Goodbye. Thank you.
