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FOMO HOUR: ELON PLEASE FIX SPACES - MARKETS + NEWS + POWELL
Recorded: April 21, 2025 Duration: 0:23:58Space Recording
Short Summary
Crypto markets are experiencing a bullish surge, with Bitcoin reaching $88,420, marking a significant recovery. As gold hits new highs and the dollar weakens, the crypto community is buzzing with excitement over weekly giveaways and rising altcoin prices.
Full Transcription
All right, check check check check all right perfect. What's up everyone? Sorry guys. I mean
Sorry on behalf of elon who uh
It's too busy cutting government spent instead of hiring developers at twitter
Formerly known as Twitter.
That's one thing I'm curious about.
Why haven't they not made broadcasting better?
Or the spaces?
Remember when he was promising MrBeast that he would make him more money on X than on YouTube?
Remember those days?
I do. It feels like they've quit investing in their existing products.
It does feel like that. Focused on other things existing products. It does feel like that.
Focused on other things.
Yeah, it does feel like that.
That would be nice.
But anyways, could be some changes coming to ours when we stream.
So, you know, so, you know, looks like they got to hurry up.
You got a Black Bulls hat today, not a green one.
Interesting choice of hat today.
All right.
We're behind on schedule.
Go for it, Sims.
Kick it, baby. Thank you. Yo, yo, what up, what up, good morning, good morning, G-M-G-N, Monday, oh baby, Monday,
April 21st, 2025, look at that, another beautiful day to have a beautiful day, I got my co-host
in the house, Tyler Mendo, happy Easter Good morning, how are you guys doing today?
Fantastic, how are you?
I'm good man
I'm a reformed man
I'm a
The people of Lisbon, do you call them lesbians?
I was going to say I'm a lesbian now
That may not be the term.
I mean, I am into women.
Anyways, Tyler.
Come on.
How are you doing this?
What a start.
What a start indeed.
Hard to follow that up.
I'm doing well.
It was a nice long Easter weekend.
The kids are still home.
This is spring break too now in this current school system. They give them five days
off. It is absolutely nuts. But
I've got a new source of hopio
for all of you watching the stream. You might see
something new over my right shoulder. My mother
wanted to give me a gift for my new office.
She chose a golden
bull. Let's see it.
Ooh, I like that. Bring that forward,
Tyler. Let's see that. Let's see that.
I noticed it earlier. I was like, Bring that forward, Tyler. Let's see that. I noticed it earlier.
That's a bull.
That's a bull.
Damn.
That's nice.
That's a nice bull.
I'm a fan.
It's going to help us propel forward here.
Yeah, I like that.
It's on your right shoulder.
It's good. We're very bullish on here. Yeah, I like that. It's on your right shoulder. It's good.
You know, we're very bullish on that.
Actually, another sign, if you want,
at Paris Blockchain Week,
there was a massive golden bull statue.
I'll send it to you after.
It reminds me of that one.
It's a big one.
I'll send you it after the show.
It was nice.
Anyways, all right, listen, y'all.
The other show, I mean, today, today, market report.
Let's do a little weekend recap. We weren't on Friday. Anyways. All right. Listen, y'all. The other show. I mean, today, today. Market report. Let's do a little weekend recap.
We weren't on Friday.
Market moved pretty well.
I saw a goth candle.
Bitcoin.
I woke up this morning.
Just for the record, again, ever since I've been in Europe, markets have been up only on euro mornings.
And they tend to dump as soon as Americans wake up.
So I do want to say that things have reversed here.
The tables have turned quite a little bit.
So I'm here to witness it.
I woke up this morning.
Bitcoin was 88K.
Farkin was $950 million.
Okay.
Anyways, we'll do Tyler's top 100.
I think we have a lot to talk about.
Definitely some conversations here about Zora, et cetera, this morning.
And then last but not least, we're going to do a yeet.
Like we said, we do five days a week now.
So giveaways are five days a week.
So we'll do a yeet giveaway.
Let's see what we play today.
We'll pick a game and one lucky person will win minimum $500 for coming on.
And the show is powered by Wallet Connect.
Wallet Connect is a connectivity network shaping the future of on-chain UX.
If you've connected to Web3 app, you'll see Wallet Connect.
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Anyways, Mando, we need to talk about this market.
There's a lot going on.
Blue is the man, macro daddy of the land?
Can you dig it?
GM, everyone.
So really, it's kind of a continuation of the same trend that we've seen.
If you thought gold was looking stretched, it's not.
It's powered on again.
The dollar's weaker.
Gold is stronger.
Bitcoin kind of spent the morning following gold,
which was a very good sign because often it's been derailed by stocks.
And then, well, at least altcoins took a little bit of a dump, I think,
as we've gone live just because of the fight currently between Trump and power,
which is kind of continuing. And also just generally that it doesn't feel like any of
the trade deals are closed. So yeah, it's going to be another one of those weeks. Let's see if
Bitcoin dominance looks up only again. And I think it will put like 64.2 now for wow wow pretty much um and uh
oh man look at this chart yeah don't that is just a see, hold on. It's been up only since, like, let's say here.
So this is, like, how many days?
This is 868 days.
Because that's a weekly chart, guys.
868 days of up only for BTCD.
Wow.
I don't think it's stopping um so yeah as i've said for the last few
a long time now um feels as though that is a
it's it's more related to gold than it is to stocks and stocks going lower seems to hammer
altcoins more than anything else so yeah we're kind of back in this market again.
Wow.
I don't really know what to make of, like, we had an okay weekend
for some of the L1s.
Solana back up to 138 was a good sign.
And Sui had a bit of a run.
You know, they've been okay, but Bitcoin just continues to kind of outperform, I would say.
Everything.
And then it was like, yeah, occasional meme coins.
I would say the big exceptions to that, Hyperliquid seems to be outperforming Bitcoin here as an L1.
We've seen Tau interestingly come back quite a lot,
TAO as a narrative.
That had a very strong weekend.
I think there was a Barry Silbert went and spoke with Raoul Powell about it,
and people got a bit more bullish on that one.
You've had Fart coin kind of return back to
fart coins is super volatile like my general sense on fart coin is you buy on bad days not good days
i don't know because the wicks sometimes because there's a lot of leverage still in still in that
one like when it goes down it goes really down everyone says it's going to go to like 200 um
and then when everyone says it's about to
break 1 billion, that's the moment
where you're going to sell it.
Yeah.
So, I don't know,
maybe it's just the moment that it
bounces through again.
But I think you can kind of just trade
sentiment on Farccoin pretty well here and make
a buck off the volatility.
It's kind of wild.
I mean, on thought going pretty well here and make a buck off the volatility it's kind of wild um i don't i mean has the market really shifted that much it was a holiday really on friday it kind of feels like the same stuff today um it just feels like stocks don't don't feel that good
gold feels good dollar feels bad and bitcoin's still unsure if it's gold or
or tech stocks um it feels disturbingly quiet out there i don't know if you saw the post by
a um base 16z over the weekend but like no which one really coins that are leading on the um
coins that are leading on the
volume charts here.
It's quiet.
It is definitely quiet
in certain spots of the market.
I'm looking
for this.
He tweets a lot.
What a machine.
Keep going.
Keep going.
Keep going.
This is a bit eerie, I would admit.
Like, look at the top coins being traded here.
Voxel was an exploit.
Yeah.
Yeah.
So Voxel was an exploit where BitGet got exploited for $100 million.
Yeah.
But then some of these other coins, like GMT.
GMT is stepping.
To be clear, GMT is stepping
To be clear GMT is stepping coin
Yes, the people token is still doing 374 million dollars that might be the exploits as well though
You think it was this was all the export to the X? Yeah, because so I'll pull up this further down so we can talk about it
But there was a hundred million million X-Point BitGet.
They also used Jelly Jelly.
So, hold on, let me see.
Man, this thing's just taking out half the market.
Yeah, hold on.
Let me find it for you.
I have a feeling.
I mean, you're right about this sentiment, by the way.
I'm just saying.
I was a Voxel heist that drained BitGet.
I see.
Oh, the trading bot
kept, the market maker kept pumping it like 10%.
People were just like trading
this range.
Like that, yeah.
Wow.
Don't hate the player.
I saw something about Jelly Jelly, but maybe it was just Voxel.
So yeah, you're right, Mendo. It is eerie.
Oh, yeah.
But you can feel it.
You can just feel the only people tweeting are like,
it's just the same crew again.
I did that tweet on Friday.
I know, I liked it.
It's us, man. It's us again.
We're waiting for the next It's us, man. It's us again. We're waiting
for the next old corn season, guys.
It feels like a 2023
bear market
lows to
a degree. Maybe because
everyone just kept talking about how tired they were
in the end of 2024, Q1,
2025. We didn't have fun. Maybe people
are just finally taking those
breaks
that they need.
And granted, there's not a whole lot of news.
There's not a whole lot to trade on a day-to-day basis right now.
Even though we're still like, I don't know,
this is still 10x more active than it was in 2023.
Because I remember I was writing featured newsletters.
There was days where I couldn't find a single story.
Dude, there was nothing.
We hosted the show. We had nothing to fucking talk about. Yeah. newsletters there was days where i couldn't find a single story dude there was nothing we hosted
the show we had nothing to fucking talk about yeah and we're still doing like one big tge per week
like there's still quite a bit more than that but yeah i mean i can't argue with mando it
it feels like like on ct it feels like a ghost town well if anything i'm super bullish on that
class of 2021 a lot of people made fun of because like
we're some of the only people that are active right now um we were talking with the boys chat
this weekend saying like i think the people who were complaining about the cycle not being fun
or kind of coping or did partake because like i'm recalling some of my losses and some dumb
shit i did this cycle and and then had some man. Even the mistakes I made were hilarious, like not selling pups at a billion dollars.
But, you know, I think we had a lot of fun.
But I want to ask you something on the market because I know we have a lot of topics to cover and we started a little late.
So I don't want to also go too – I don't want to go over time too much.
But Nachi's back, Mando.
Nachi's back, the big trader.
On what?
On CT.
He took a long break,
and he says,
JMD gents,
I'm back after taking a long break
to spend time with the family
while markets were in super hard mode.
Market bottomed after Trump announced
90-day pause on tariffs.
Thought Trump was already taking the hardest dance
so long,
some Bitcoin under 80,
and still at 110, which, by the way, ended up going to 97 dollars um so he's talking about how his
base case is summer is for money printing not for touching grass i believe april to august is the
most bullish period of 2025 as market turns from max bear sentiment events to trump scaling back
some tariffs allowing the fed to cut rates and ease liquidity with other cbs
yesterday night i wrote something around these lines mando where i was like i felt like
we kind of bottomed but now we're in this weird range where like negative news
we're like eating it a bit and positive headlines would actually probably send us much higher
how do you feel about that sentiment that like summer 25 could be more of a
kind of like a summer 21 moment for the markets?
Maybe.
I'm unsure about it.
As I've said before, I'm unsure about all coins here.
I think Bitcoin dominance can keep on going higher.
I agree with his post about positioning.
That's the most bullish thing about General Macca right now
is how bearish positioning is.
So maybe it's just like one tweet.
And we've seen with Trump that can happen very quickly.
But I don't...
I just see a different narrative.
I just don't see the people coming back so quickly to buy some of these
narratives again.
I don't,
I just feel some of those feel a bit like fool me once for people.
I think Bitcoin can go a little higher,
but I actually think it can go a lot higher by itself.
That's just my gut.
Well,
we're back at 88 K right now.
Actually we're pumping right now,
boys risk adjusted. I think it will be. It will be most things. Okay. that's just my gut. We're back at 88K right now. Actually, we're pumping right now, boys.
Risk adjusted, I think it will beat most things.
Okay.
What do you think, Tyler?
I think this is kind of the similar sentiment
you've been voicing.
I mean, I want this to happen.
I'm trying to will this into existence.
I think there's two scenarios.
I think the bull case for what he laid out
is that we are in max uncertainty right now.
And the economy is actually in decent shape.
And any positive news on tariffs, global macro trade war,
perhaps Russia, Ukraine, are things that ease this up.
And we start to rebound.
I think the counter is if small businesses start closing across the U.S.
because cost of goods is too expensive now.
And everyone moves to cash.
They're afraid that boomers are selling their 401ks to cash,
that type of thing.
So I I'm still leaning the,
it feels like 66% bull case,
33% bear case.
Maybe we'll see.
But I'm hoping he is,
he is correct here. Yeah i see it i mean we've
been talking about this forever by the way the market's really pumping pretty well right now
i don't know what see that 30 minute fake out tyler 25 on the dot pretty much it's always the
same fucking thing man the other thing i want to talk to you guys about is this constant war that
seems to be happening at the moment between Powell and Donald Trump.
It's mostly Donald Trump.
I don't think Powell.
Powell seems to not give a fuck.
For me, though, like, you know, Trump saying, calling him Mr. Too Late.
Trump on Truth Social accuses Powell of being too late with cutting rates except to help Biden and Harris in the election.
I think he said something, loser.
I don't know if that was fake or not, but he's constantly calling for a replacement.
How does that make you feel in general?
Isn't Powell quite unbiased?
I don't have as much understanding on his background as you may have.
Yeah, so I don't agree with Trump here
In many ways
There is a division on purpose
Between the central bank
And the government
They are meant to not be political
The thing is, what Trump has done
Is potentially going to massively increase inflation
So, Powell can't do what he needs to do.
It's like, he's caught, Trump has basically thrown in all these tariffs and then say,
hey, Powell, you've got to cut rates.
Like, he can't do that.
If you're going to increase the prices of everything, that's like one of the main tools
to not do that.
So, I don't think this is going to be a solution basically.
I also think it's just like slight overreach in terms of power.
You don't normally see this from a president.
He did it kind of last one last time as well,
but generally you don't see it at least not from like developed um nations but i think part of this
is also like a deep maybe it goes longer than that i think there's also like just the hatred
of the federal reserve at the moment in the u.s like i think there's a lot of questions about it
from a long-term perspective is there a reason why is there a reason for that like what's the
background of that because he actually actually, it's real.
He actually called him a major loser just now.
Like he said, Mr. Tule, a major loser.
Like he literally called Powell a major loser.
It's right there in his true social post.
What's the background of this hatred?
Well, he wants him to cut rates.
But Powell can't do that with with inflation i mean i think if inflation
expectations in the bond market are really high right now um now that may maybe that won't come
to fruition but it's it's it's very difficult for powell to act on that uh in this world so
i think trump's got it wrong with who to blame on this.
He's just trying to find someone to blame.
For background,
Trump appointed him in 2018.
Right, yeah.
Trump appointed Powell.
People are already moving past that,
which makes this situation even more ridiculous.
But he's really adamant about him not being good,
wanting to replace him.
I mean, call him a fucking, I'm sorry to replace him I mean call him a major loser right now
I mean I think most people would say objectively
Powell has been pretty good
That was my read on Powell
I'm only in the
Yeah
I would echo what Tyler said
One of the only Fed chairs to actually engineer
A soft landing
Ever
Now this could be fudge data or
whatever but like people would say you know that that was done pretty well in the end um
people said he moved too late that that may be true but he hasn't he didn't yeah caused a recession
um so i don't think the market's perception of power is actually that bad
and i don't think it is i think they the market recognizes that trump's got himself into this
uh you can see it yeah so yeah i don't think that's i don't think it's that okay that's i
was just curious for the people may not know because we hear a lot of chatter about Trump Powell,
but my understanding, hosting this show for three years plus
with you and Ovi and then Tyler,
was that Powell's actually good at his job.
Except that he was late, a little bit on the rate cutting,
but you could say yes or no.
So what the fuck do I know?
But I'm just saying, like, my understanding was that he was okay at his job.
Powell could be terrible at his job,
and you still couldn't do anything right now.
Right, yeah, you can't.
It's like every Fed chair would be like,
okay, well, I can't cut rates
if you're going to increase the prices of everything
by this much.
So it's not a case of power being good about his job
It's a direct result of trump's policies that he can't cut rates
Totally
Whereas I think in the past maybe it wasn't it was less to do with that
All right time
Can't really do much
Perfect love to see that anyways markets going up so looks like the market already shook up I mean, we just got to break that 80 Anyways, market's going up. So it looks like the market already shook up.
I mean, we just got to break that 80 to 82, right?
Like it looks like we just got that perfect setup and we'll get there.
Anyways, quickly, before we get to Tyler's top 100, today's raffle bot code is TRUMP.
There you go.
T-R-U-M-P.
TRUMP is the code today.
So rafflebot.xyz, five days a week, we give money away.
We gave away forty seven hundred dollars
last week by the way mando that was the final uh count i checked the spreadsheet and that was week
one of this partnership with yeet so yeet.com sign up using fomo our affiliate so you have to
use our affiliate and then go to rafflebot.xyz everything self-explanatory and uh and use the
code trump for a chance to come up today and win minimum $500. So that's awesome.
Anyways, Tyler, I think we've got a lot to talk about today.
So let's get to that.
Folks, crypto majors are bright green this morning, led by Bitcoin up 4.5%, 88,420 right now.
A number we haven't seen in quite some time. ETH up 4%, 1640. Solana at 140 here as well.
STX, MANA, and ENA led all day up 7 to 14%.
The SOL-ETH ratio hit a new all-time high again last night at 0.087 so
sole continues to gain against e this morning we saw gold hit a new all-time high over 30 over
3 420 per ounce that's now 22.8 trillion in market cap over 8x the entire crypto market that is as
the u.s dollar continues to go lower in other crypto headlines, Bybit CEO shared that two-thirds of the funds from their $1.4 billion Lazarus hack are still traceable with 28% now gone dark.
