we should be ready oh it's 303 let's go. And then we should be ready.
Let's get it going. I'm sorry. I'm sorry. I'm sorry.
I'm sorry. I'm sorry. Thank you. Good morning.
Good morning. Good morning.
Good morning. Good morning. Good morning. Good morning. Good morning. in 2026 that another beautiful date to have a beautiful day as a host and have Tyler good
morning how are you doing today i'm feeling a little mixed this morning uh on the the good
side woke up early got a nice little workout in this morning sunshine it's gonna be 60 degrees
here in chicagoland today so we're feeling good about that on the bad side i scanned the this
lovable hippo jelly bean at 130k last night and
didn't buy it and it's at 5 million right now uh so missed i haven't seen missed the 25x
40x overnight so i'm hurting what you're talking about well we'll get there we'll get there
it's the next mudang it's the next mudang. It's the better mudang.
I didn't even see you guys talking about this in the chat either.
I haven't been active since yesterday night.
Yeah, it would have been tough for the Euros.
It really went viral after Euro bedtime.
Well, I'm sure we'll talk. Do you have a bag of jelly beans? Are we going to spend half an hour on this today? I don't. I, yeah. Well, I'm sure we'll talk.
Do you have a bag of jelly bean?
Are we going to spend half an hour on this today?
Today on the show, markets.
It's quite a bit to talk about.
So let's talk about the markets.
Let's talk about the planetary alignment that's happening tomorrow.
Six planets are going to be aligned about 30 to 45 minutes after sunset.
Something you probably don't want to miss.
But what does that mean for our bags?
And as the AI overlords their opinion,
we will talk about the blood moon that is happening actually on 3.3.
And then Ovi will join us in about 24 minutes.
Ovi will join us on the show.
We'll talk markets with him. And also, of course, we'll chat about...
Oops, did I know I drew a speaker?
Check. Check. Oh, it did. Okay, it did. we'll chat about oops did I know I drew a speaker? Check
and we'll talk about it with Rekt
and everything that's been going on
looks like he's been teasing a lot too
so it looks like he's got quite a lot
so it's going to be a packed show
of course we're going to give money at the end
use the code FOMOHOUR to sign up
And with that being said, Tyler, let's go through all of these topics.
For daily NFT and crypto analysis.
Tyler, on FOMOHOUR calls to kick campus.
Yeah, folks, it is a red morning out there across markets.
It looks like perhaps on the back of some Iran escalation,
the odds of U.S. striking Iran by March 7th up to 50% now.
So those odds are up 100% overnight.
So lost that 2K level, slotted down 5% at 83. Going across broader market stocks are also
red. NASDAQ's down 1%, Dow's down 1.5%. So those markets are down. Gold and silver are up. Silver's
up 5%, copper's up 1%. So metals are doing well. Oil's up 2.5% on the war escalation as well. So markets are a bit divided there.
We also had some news this morning.
PPI did come in hot, highest it's been since July 2025.
So perhaps also impacting markets a bit.
Though the 10-year is down at 3.97%,
basically the lowest it's been in the Trump administration.
Mortgage rate's now below 6%.
So perhaps a positive there.
Arguably the biggest headline in the last 24 hours, Jack Dorsey's block,
kind of came out of nowhere and announced they're going to lay off 40% of their
So perhaps the training was right.
We'll dig into that later on in the show.
In crypto headlines, surged nearly 50% now since his Q4 earnings being announced
So that's been a huge runner.
Vitalik continues to lean in to this post-quantum talk.
So he posted yesterday about the Ethereum post-quantum roadmap targeting four vulnerable layers.
Not going to get into it today.
But the headline, they care about post-quantum, and they are executing on that vision.
ZachXBT, we talked about yesterday on the show, they did expose an Axiom Exchange employee
named Brooks Bauer for alleged inside trading.
Congress is now introducing the Promoting Innovation in Blockchain Development Act.
That's kind of a big one.
It's going to decriminalize non-custodial DeFi developers.
Indiana, this is an interesting one.
The state of Indiana passed this bill, is requiring public retirement and saving plans
to offer at least one crypto ETF option for self-directed brokerage accounts.
So not only are they okay, they will be required to be listed.
It has to be available in the plan.
Recipients don't have to put money in it, but it has to be available to them.
And then MetaMask, their crypto MasterCardard now offers U.S. cashback and travel perks.
They're going deeper into the card game. ETFs were green again. Perhaps a surprise. 250 million
inflows yesterday. So now kind of putting up a pretty big week for the ETFs. We'll see how today
goes. And the Trump American Bitcoin debt, they posted a $59 million Q4 loss. In token airdrop
and protocol news, it was quiet out there. Ethos
announced a human verification tool to counter AI agents in the new white paper. Starknet says it's
got private Bitcoin coming with some Zcash-like shielded features. And then in memes, the meme
leaders are red, but Jellybean story of the night, it's up 69 to 5 million bucks. A handful of other
movers, Pigeon, Mac Mini, there's a couple others, but really not a ton of action
on the board. And then in the base
pre-sales across this live AI agent
trading game, and some of those tokens
have seen some success coming out of that.
markets down on... I mean, look. Markets down on…
I mean, I literally warned about this like every day this week.
I said, just be careful as we get towards the end of the week of the war headlines.
And we literally dumped on this headline.
I think one of your quants also shared it.
Your fam quant shared it.
She said that affected markets right away, and it did.
The U.S. embassies that are...
U.S. Embassy of Jerusalem.
We literally sold off this post.
U.S. Embassy of Jerusalem saying that non-essential staff and everybody,
you know, kind of, you know, has to...
All the personnel and family members are being moved, et cetera.
And then, so we moved off that directly dump from about $69,000
back down to $66,000, maybe even lower.
I think I saw a 65 print at some point on TradingView.
So nothing we didn't know about, right?
I think the deadline's passed now um and you know it's a
strange one right it's like they're they're supposed to meet next week i think early next
week monday or tuesday um so i still don't think folks are there's also something to do with the
moon and how perhaps impacts strikes at night i think that perhaps is impacting the timing.
the military does not like
to strike under full moons
This is a little bit above my pay grade,
so just to take it all to a grain of salt.
There's a common belief that militaries
avoid operations during the full moon,
but their reality is more nuanced.
They don't automatically avoid it.
Instead, commanders weigh advantage versus risk depending on the mission.
So you're not like strong per se about that
because the full moon dramatically brightens the night.
right like obviously like on on full moons like you you know it's pretty much outside is pretty
Like obviously like on full moons like you,
it's pretty much outside is pretty lit.
lit um so nothing we were not aware of i mean speaking of full moon so we've got the blood moon
coming on tuesday march 3rd i feel like there was no reality where we were just going to be
pumping into the blood moon but are we going to have a blood moon bottom it's it's possible it's possible it is my new
hopion and i'm wondering do we need to sacrifice jellybean to the blood moon gods to to turn jesus
right that's where that's where my head is here this morning friday february 27 i'm sorry, Jellybean. It's going to be a big one.
visible for a huge swath of the U.S.
We're going to see that big bright red
moon to match the bright red candles on our
Hopefully the bombs aren't flying.
seeing those odds. I posted about it on X.
Odds by next Friday or up.
Like they're up a hundred percent overnight from 25 to 50.
So it does look like something's probably going to happen in the near future.
this is one of those things.
does that really change anything in our coins?
maybe it's about how long a war would last. If it does last, if it's like, okay, so what? Does that really change anything in our coins? Like, okay, if there's a strike, maybe it's about how long a war would last.
If it does last, is it extended?
That's the only thing you're looking at
in terms of the market, right?
And then again, like, how do you position yourself?
Do you position yourself in like, in metals?
Metals have been seen to kind of rally
on the back of such headlines.
finally kind of breaking out-ish.
I was considering cutting that
end of copper last night.
I still have those positions on.
is that good for our privacy bags?
you know, I'd rather hold like copper, silver, gold than USDC.
And this volatility, it seems like that's the play.
So hard to argue with that.
The top moment of the alt on the board, interesting.
After our interview yesterday, zero, up 6%.
Perhaps folks are catching the interview replays. Yep. on the board interesting after our interview yesterday zero up six percent perhaps folks
are catching the the interview replays you know deciding to long zero we talked about it a little
bit after the show we talked about in some group chats i i mean brian and his team they just feel
like such a powerhouse it does really feel like one of the better long-term plays on the definitely
the kind of coin that I want to own
I'm not going to rush into buying it,
At one and a half and below,
all the way back down to maybe,
I don't think you see a dollar, by the way.
Well, let's pull up the chart.
We are up 6% since yesterday
let's pull up the daily here
are you even getting one point
what was the last bottom of $1.20
it was really $1.20? Where was that?
It was really $1.20, and it was January 1st.
If it gets back there, I feel like that's a pretty
This is not one I think you need to rush into.
And it's one that I would accumulate over time on spot.
Like don't pay fees, funding, et cetera.
Very excited about what they're doing.
But overall market, I mean, look, 66.
You kind of want to close above this, right, today.
I personally don't think they're going to just track this weekend,
Also, you do make a good point about the moon stuff.
And then Ethereum is back from their 2K.
But again, like, still not bad if we close a little above.
Also, Friday is known to be weak.
Let me refresh the Solana chart here.
82, yeah. Just retesting, it seems here, right? Where's Solana? Let me refresh the Solana chart here. 82.
I saw Wiz tweeted, like, this is a day
Like, you kind of want to see where things resolve.
That's kind of aligned with my
gut here, like, on the entrepreneur term.
There's a lot of things up in the air right now.
So there's that, like the AI volatility is piercing a couple headlines.
So we'll get to the block in a second, but open AI,
we've talked about this a decent amount on the show.
So they did complete their $110 billion raise at a 730 billion valuation.
But, but the, the, the asterisk is the three primary players are Amazon, SoftBank, and NVIDIA.
So it's one of those things where it's kind of like the circle.
The circular big players continue to finance this,
which has caught some negative feedback.
But at least OpenAI will have runway for the foreseeable future.
So that seems like a positive, but there's a lot of negatives.
Like NVIDIA had record earnings.
So there's a lot of folks feeling like perhaps the local top is in on the AI trade.
And then I think we can go there.
The bombshell out of Jack Dorsey yesterday.
I'm seeing mixed signals here.
So Jack Dorsey seemingly has
10,000 people staff, which by the way,
way over bloated. And I think he admitted that as well
The stock reacted after hours to being up 25%.
Let's see where it is now.
But what do you make of this?
Oh, wow, it is up quite a bit today.
I think the consensus reaction was, oh, shit.
Satrini was right, and it's happening fast.
And I saw a lot of people in the time comparing it to like the COVID
and like the day Rudy Gobert blew on the mic,
and that was the day the NBA shut down.
It was like that was the day that like, oh, shit, COVID is real,
I'm not there, and I posted yesterday, like my contrarian says,
I feel like this is more of an exception than the new norm.
And my primary view on that is,
A, I think Block is a unique company.
I'll get to it in a second.
I do believe a lot of companies in corporate America
And AI could do the jobs of a lot of its employees.
I think there's a lot of other decisions
that go into the calculus of slashing 40% of your staff
that a lot of CEOs won't want to go that route just to see a 15% bump in the stock.
Maybe some will, but I'm not there yet.
Perhaps I'm putting my head in the sand, and I think a lot of folks disagree, but there's a lot of other factors that go into play. And specifically for this case, you kind of went there.
But we know Elon took over Twitter and slashed 80% of the staff.
And that had nothing to do with AI.
And he's in jacket slashing 40%, so half of that.
I looked back at the workforce numbers.
They're basically back to pre-COVID
other reactions to maybe there's
maybe that's not truly the case but what's with that 68 million dollar party
so i mean hey that is a crazy headline but i do understand how that can happen so like my
my wife's company had their you understand how that can happen a fairly large company so that
to singapore for a week so they did their company event in singapore i don't know how many employees
they have 5 000 whatever flying everyone there hotel for a week and then company events and
parties like that bill adds up pretty fast and i think that's i think basically that's what they
did they had all their global employees come to San Francisco or something.
So I do see how that happens, but the timing is terrible to spend all that money on a party and then lay off 40% of the people.
And one of the factors in the calculus here is like, I mean, employees are going to be angry.
I mean, he's giving severance to everyone, but I know I'm not saying it's enough, but it's about half a billion dollars in severance that he has to pay out.
It's pretty good. It's 20 weeks, six months of health insurance. I mean, that's about as good as...
I mean, that's pretty generous, right? 20 weeks is how many months?
Five months, right? Four months plus. Five months.
So five months severance for these employees is...
Like, he's not just laying them off saying fuck off, right?
I think Marcus probably shook a little bit.
The fact that the stock pumped is the primary item that people are pointing to like, okay, now every CEO is going to try to do this.
Yeah, but that doesn't mean it's going to work for them because like we said, that was an overblown company.
And he even admitted to that.
He said when we merged two companies or yes, he put two companies under one umbrella.
There was a lot of overlap.
This is actually something that happened to us on a much smaller scale.
Like when you merge Rug Radio and Decrypt, we end up with X amount of employees.
I'm like, wait, why is this video edited on Rug Radio and this video edited on Decrypt in the same exact job,
but there's no need to have like three of them?
Or why is this producer and that producer?
I was like, why is there X amount of writers when there's that?
So it's like, just so you know,
obviously we experienced it on a scale of like one to one thousandth of them,
literally, but it's a real thing when you put multiple companies together
and you realize that companies are over-blooded.
I think the new flex is not even like
how many employees you have.
It's going to be like how efficient
are the very few employees that you have
which is why crypto companies
are actually in a very good position to win.
If you study the companies
that make the most amount of money per employee,
it's really tethering and hyperliquid.
And then it's like OnlyFans I think or something
but like tether and hyperliquid. And then it's like OnlyFans, I think, or something. But Tether and Hyperliquid are up there by way more.
Yeah, I mean, it seems like the new model is just to be as lean as possible, right?
And that you don't really need to overhire.
I do think that will be the new business model.
But I also don't necessarily think that means that huge companies are just going to slash 40%.
And they already have been slashing, right?
Like a lot of the Mac 7 has been in.
So I grew up in the consulting world.
The rule was the bottom 10% gets cut every year.
And that makes sense to me.
Just up or out, effectively.
But 40%, where are these block folks going to go get jobs right now?
And some of them are probably like higher on the totem pole, you know, having worked at a company like block.
And then if you get more and more of this, it starts to become a real problem.
And that's where you get into some of the Citrini articles and the housing market crash.
So having concerns, wanting to prepare yourself absolutely
But we're involved all the time.
So I think a lot of folks, it's hard to know,
it's hard to project how this is going to play out,
which I think leads to more anxiousness, anxiety, unfortunately.
I'm very curious how block stock is going to continue to perform
as well i mean do we so it's up 17 today um yeah we'll see let's see how it keeps going right
but it's a big one arguably the in the timing right just four days after the citrini article
it's like jack jack reddit it's like
all right this is what i'm going to use it it does feel like uh it does feel like quite a shift
i tweeted about this yesterday but i do think it does make people think twice it makes everybody
look at ai and see i mean they're not wrong like a lot of the people and jobs are going to be made
redundant so like if you're listening and you think that your job is like at stake and be made
redundant you should probably start learning how to use the ai rather than trying to fight it
etc so that's really interesting anyways what else ty uh so magic eden
they handed over strategy to to their ai and the ai decided to cut ordinals as its first order of
But the headline is not a joke.
Magic Keaton is reportedly going to
ordinals marketplaces along with their wallet,
headline, specifically because, for multiple
you had to use the wallet to get your airdrop.
a lot of folks probably still have some dust in there,
if not some like actual capital.
And I guess they're just going to get rid of it.
And then also like for ordinals specifically ordinals and runes,
I actually don't know what other websites to go to to trade these things.
my day to day operations.
I'm sure there's a few others.
So we're going to have to have a funeral for Ordinals, it seems.
I haven't checked in on prices.
I have to imagine they're down significantly.
Yeah, after being down 98%.
I would have expected like 50%.
What are we going to do with those?
And then I see Ovi's studio.
We'll go to him in a minute.
We can chit-chat with him about some of these topics.
But anything we missed, Ty?
Those were the main ones. we missed the tether story maybe we just talked about it for a minute just because it was a big one from a couple days
ago so tether did it invest 200 million dollars into wop which values wop at 1.6 billion i actually
wasn't super familiar with wop but i guess it's an online marketplace built around like the creator,
digital entrepreneur economy.
like anything that you can sell online,
like e-commerce effectively selling courses,
all that kind of things are sold on WAP 18 million users.
They're doing 3 billion annually growing transaction volumes,
So some very strong growth.
And what Tether is going to get out of this is WAP is going to integrate their wallet development kit.
Effectively, USDT will now be able to be traded on their platform.
And also going to give them effectively a self-custodial wallet for their community.
And this is going to fund growth across.
WAP is now going to expand into Latin America,
where arguably those stable coins might make
even more sense. So this is a
huge bet by Tether. I mean, granted,
these guys have tons of money.
I think they're profiting $15 billion a year,
bucket when you're making $15 billion a year,
And Tether is really smart because they saw that early on.
They got a huge take of Rumble.
They're doing WAP. They're really getting ingrained in core internet culture in a very big way.
So they're making all the right moves.
They're about to own all the internet very
soon. So shout out to Tether here.
smart move. But anyways, let's bring Obi up.
I'm not leaving the dungeon until it's a bull market again. I haven't seen that in a while. Oh my god. That is great, Ovi. GM, how are you doing?
Doing great. How are you doing? Oh my god, I love this background. Oh man, what's the safety word, Obi?
No, I'm doing well. I was just actually, unrelated, locked in a room, but I managed to get out.
What happened to that? Take us through that because I saw your message in the Fomal chat saying that you're locked in a room like an escape room i was
no i was just in a room in where we're staying right now and the door handle broke as i closed it
so i couldn't open it yeah but luckily there was someone outside to open it from the outside but
for a moment i was like i'm actually legit locked in this room.
If the founder is locked, that's bullish, no?
I mean, if I die, maybe it's bullish.
Maybe it's not bullish if I die.
No, no, maybe not. Not yet.
Maybe it's like short-term bullish, long-term bearish if I die.
Yeah. Yeah. We have to separate the NFTs from the drink company.
Maybe the NFTs would run long-term.
I mean, we could go longer art and then go short-racked.
If I die, that's potentially the move yeah art supplies
capped i have all of it yeah you know a little bit anyways that is pretty grim uh to start on
friday so maybe let's let's rewind a little bit i'm out i broke out the room i'm just in the
dungeon now but i broke out the room so we're all good i love the dungeon so what's the story behind
this dungeon is it is it a new thing ov or is this just for the show um it's because
i'm kind of moving a bit at the moment and i'm on a bed and i thought that was kind of weird to do
calls from a bed so i tried to pick a background i think the idea of a dungeon is like i'm
i'm locked in in the dungeon until yeah until um until it's time to
in the dungeon until, yeah, until, um, until it's time to,
until I've achieved enough to break out basically.
So it's supposed to be a bullish,
it's supposed to be bullish for your bags kind of thing.
I know the messaging is a bit strange, but, um, that's, yeah,
that's the thought process.
I think we prefer our devs locked in the dungeon until they,
I, uh, I, anyways, uh, Ovi, how you been, man?
We've had you on the show.
You look like you've been busy.
How have you been managing this bear market?
Yeah, you know, it's, I always think,
I've always felt like I've had more of an edge
in a bear market than a bull market.
Because in a bull market, everyone's making money.
Everyone's a fucking hero.
And you're really competing
between a lot of different projects.
And I think in bear markets,
you know, 90% of your competition
So it's a real big opportunity,
I think, to achieve stuff
that I think people will achieve stuff that I think people
will remember. And I think, you know, last bear market, we launched RecGuy. So it wasn't really
anywhere near to what it is today. But people kind of remember the guys who stuck around,
the guys who worked hard during that time period, the guys who actually brought something to the
table. And I think for us, I'm like, okay, this is obviously everyone would love higher prices,
but I view it as an opportunity to actually do some good shit over the next few months
that people will be like, wow, that's cool.
And when the good times are back and people are like, shit, I need to outperform Bitcoin.
At least I'd be like, well, I know these guys and Ovi behind Rekt are going to still keep
pushing it as hard as they can.
And it's not just going to, you know, rug one day.
And I think that gives people the confidence to dip down the risk curve into our token when the time is right.
So I just want to use this time to do as much as we can to get it on people's radars,
such that when things turn, people could be going to be like, fuck, okay, I'm going to jump into Rekt here,
because, you know, that has more upside than Bitcoin.
I love that. That's smart.
Look, we're going to get into that in a minute
because you also have some news this week, which is cool.
And you've been teasing a lot on the timeline.
You usually don't do that unless there's something imminent.
But first, what's your outlook on the market right now?
I mean, we've been obviously stuck at these prices
for over a month now, I think, in the 60s, 2000s,
below 100, Solana, et cetera.
I know you're also not trading anymore,
but I'm sure you're kind of paying attention-ish.
You do have that Bloomberg terminal.
So what's your outlook on the single market?
Yeah, I'm not trading day-to-day stuff,
but I'm obviously very cognizant of
medium and long-term flows.
I was a believer in the four year cycle was dead.
Like I was very clearly wrong by now. If you have to, I think, just admit you were wrong. And I was definitely wrong on that.
Bitcoin is more than 50% off the highs. So the question now is, there's two questions. The first question is, where is the bottom?
And the second question is, how long until things resume upwards again?
In terms of where is the bottom, I think we are there.
Maybe there's a small amount lower to go, but I think we're pretty much there.
I think we're very close to it.
And in terms of how much longer until prices resume upwards,
I don't think we're going to see a two-year-long bear market like we did last time.
I know people are maybe a bit concerned about equity market valuations being quite frothy,
etc, etc. But I just think we've all first had, you know, the thing about being on CT is you're
at the forefront of trends and technology, and we've all seen the massive impact AI has had. And,
you know, like, you guys will know the same thing, right?
You speak to any other normal person in your normal life, your mates, your family, and not my family, because my brother started an AI company 10 years ago, but most families, no one has any
fucking clue what's going on with AI stuff, right? Like, they have no idea. And we're just sitting
here thinking, fuck, like, all these people are to lose their jobs. This is going to like, you know, this is increasing at such a
rapid pace. And I think that will have some positive effects to the equity market. Some
stocks will be a short and go a lot lower, but you know, inevitably many companies are going to
benefit from massive efficiencies. So we are firsthand seeing the power of that. I think the
rest of the world is not.
But to me, that's very bullish for markets.
And I think we're having potentially a natural pullback or a natural point to settle
on what I think is going to be a decade-long bull run.
We're halfway through that decade right now.
I don't think we'll see a two-year bear market.
And I think once we found you know once
we stabilized a bit and it feels like we have kind of stabilized around here now for a few days but
we need maybe a longer period of stabilization i think we'll um we'll inevitably see capital
come in again and you know crypto is not dead everyone's like crypto is dead they said the
same thing you know four years ago we were doing this fucking podcast together for oak and
we were like it's dead and i was like no it's not dead this is the time you're gonna buy etc etc
you know this is now four years ago and yeah if you did buy that at that time over the next two
years you would have made a lot of money and i don't think this will be any different i don't
think this will be any different um but it requires a lot of patience um it requires capital um and but mainly patience mainly patience i think um
yeah we heard it we heard it from brian pellegrino yesterday i kind of kind of flat out asked him
you know you've been building your company i kind of what's changed since 2024 and basically said
like the the more regulatory-friendly admin
is one of the core drivers of how they've been able to land
some of the major partnerships, like DTCC, the stock exchange.
Those players aren't coming to the table
if crypto is going to zero and dead.
I think there's major signs of optimism
and the foundation's being laid right now.
I spoke to a friend yesterday
who is quite senior at one of the major exchanges
all the outflows have been retail,
all the adopters have been buying.
Yeah, so other things as well that I probably shouldn't say.
I probably shouldn't say in this format of conversation,
but let's just say some of the shit you see in the timeline
But I think if your life in crypto is logging into crypto Twitter every day,
it's very easy to let that take over your mind. And it takes the world, the investing community to invest 1% of their assets under management into
crypto that would be greater than the entire market cap of Bitcoin.
So things will come back.
Sometimes you feel like an idiot saying it.
Everyone's like, oh, what are you buying now?
And I feel like I went through the same thing three or four years ago.
Everyone was saying the same shit to me on the timeline,
comments that we'd get on these podcasts, etc.
And at the end of the day,
it takes a long time to play out,
but when it does play out,
you're the one that makes a lot of money.
And if you wait for the time to be good,
by definition, you're just buying at higher prices.
And you want to, in my opinion,
if you have the capital to do so, and even if you don't, if you have means to DCA, whatever it is,
now's the time to accumulate large amounts of size. Because when things do go higher,
you want your problem to be, oh, let me now figure out when I want to sell my stuff.
You don't want your problem to be, oh, fuck, it's up 300%. Do I FOMO here? Do I not? Do I buy
something else? You don't want to be making those tough decisions you want to be in this position where you have this massive bag
that's up a lot and you're just able to DCA out of it over a long period of time and I think I feel
like most of 2024 and 2025 my biggest trades were just selling stuff that I bought in 2022 and 2023
um so yeah you cleaned up in the 2022 bear right so i mean yeah any lessons or
takeaways from that and i know you're not as kind of active trading right now you're running the
company um yeah my biggest so i think that when i speak like this the response i always get from
people is well i don't have any capital i lost all my money in chasing stuff gambling
stuff i've lost my money i have to have no capital um and my response i have two responses to that
the first response is even if you are dcaing with one dollar every month or one dollar every week
whatever it is a tiny amount i think it's worth doing because you just want to train your brain
to understand what it means and what it feels like to buy at lower prices it's worth doing because you just want to train your brain to understand what it
means and what it feels like to buy at lower prices. It's like muscle memory. When something
drops 20%, 30%, you want to be like, cool, let me buy a little bit here. Let me buy a little bit
here. Even though it feels counterintuitive, you want to have that in your muscle memory. So even
if you're not doing it with a lot of money, you're doing it with just a dollar. You just do it with
a fucking dollar and get yourself into that
motion and that i think will trip will train you to act better when prices go down and when prices
go go back up you want to be doing the opposite right chipping out of it um and the second thing
is even you don't have to for a bear market you don't even have to buy anything you don't have to
support capital you don't have to do anything? But what you should be doing is logging in every day and keeping up to date with
what happens. Because again, when things do turn, you want to have this like background information
and all these data points to realize, okay, cool. Like now I know this thing is the buy,
or I know this thing is not to buy. And like you have all that awareness, right? Like imagine, you know, for me, it's like, cool, I caught Pepe really early,
I then caught Whiff really early, I caught Mog really early, those three things, maybe way more
money than any money that I've lost down prices or anything like, you know, apes, whatever, like
I've made the most money, those three things, my ability to purchase them all early was because I
just stuck around throughout 2022,
throughout 2023, saw it come up because I was just, you know, logging online like I am every
single fucking day. And that's like, cool, like, this feels right, I'm going to go big on it. And
that's a big difference to someone coming in, someone having left in 2022, come back in 2024,
and then you suddenly are buying all these coins at like very high market caps, etc. And not saying you can't make money then but it's much harder and it's much more competitive so
um you know even if you're here all year long in 2026 and nothing happens you will have just
training your brain and understanding what's going on understanding the narratives understanding what
people want to buy what people will buy when when the time happens is really big because then
what people will buy when the time happens is really big because then when that big opportunity
comes, you'll be in position to act on it, right? And everyone always complains about being early,
complaining about cabals, et cetera, et cetera. But it's like, dude, you just fuck off for two
years, come back and then expect to be able to something. That's not how it works, right?
People, you know, people who are early to stuff are putting in some groundwork in terms of being
here and being present every single day so those are my two pieces of advice which basically cost
zero money they require some commitment and they require some conviction and those are the two
things you need i think to make a lot of money and i think people who follow that will make a
lot of money in the next two years oh just gotta survive just survive just survive that's the name of the game
right now and figure out how to find capital to buy the bottom and i appreciate exactly but that
it is also it's a challenge it's a personal challenge uh yeah or just find the right animal
you know you know tyler you said you, you slept on 65X overnight.
You know, you just got to keep finding the right animal.
Yeah, you got to look for baby hippos with good names.
Or go work for Axiom, I don't know.
You can just figure things out like that.
I'm sure there's many more stories like that in the... Yeah, I'm sure there's a lot more than just this one.
But anyways, let's segue into the next thing.
I mean, obviously, like on the trading side, you're not doing much,
but that was some really good advice still.
And I think it's good for people to hear it as well.
I mean, you're a founder, most importantly.
Your trader arc is kind of behind you right now, I feel, especially on CT.
And obviously, Rekt has been doing pretty good lately.
So take us through, like, obviously obviously you had a huge announcement this week
Which is a huge retailer in the UK.
Would love for you to take us through that
and then take us through how it's been with Rekt lately.
we announced the launch with Waitrose
yesterday or two days ago.
If you're not from the UK,
Waitrose is one of the biggest retailers in the UK.
So our goal this year has always been, you know,
we did really well at selling stuff DTC from our website.
The goal this year is to scale.
Let's be present in more locations.
Let's be present in more stores.
And let's increase our top line revenues by both DTC sales, but also just traditional retail and distribution.
So obviously Giant Eagle was a really successful launch
that we had in December and January.
And we are something like 25 times,
I think actually 30 times the sales target they gave us.
And that's, we absolutely crushed that.
We don't, we can't share the exact data
just because it's proprietary to the supermarket.
But it's been a huge, yeah, it's been a massive success for us.
And Waitrose is a chance to expand that to the UK as well, also outside the US.
But I would say in the last few weeks,
when you have numbers like that, and some of our numbers for what the traditional drinks market
sees, like our, for example, our average order value on our website is almost $600, right? That's
the average one spends on our website. And usually for most most drinks companies that's like 15 bucks 10 bucks so um our metrics are all mental and i think everyone in the drinks was like okay what
the fuck's going on here and it's gone from like you know we had the first few months of doing it
and people like ah you know maybe it's luck or fluke you know we're now into our second full
year of doing it and it's growing so it it's definitely raised a lot of interest, I would say, from the traditional beverage
And crypto is kind of slow right now and that's fine.
But all these guys are super interested in it because it's different.
There's literally no other company in the world who is doing what we're doing at the
scale that we're doing it at.
And everything that we've done has been we're doing it at. And everything
that we've done has been better than the last thing. And there's real growth. So I think this
year is going to end up being very interesting, regardless of whether crypto goes up or stays
flat or goes down. I think we're going to have some pretty big stuff coming on the drinks side
in terms of rep brands growing as a CPG company.
And, you know, when crypto resumes,
it's going to just turbocharge the entire company as well.
So it's definitely a very exciting moment for us, I think.
And it's one of those things where I just, you know, I barely even really looked much at crypto prices.
We've just been so busy doing other things that are genuinely really exciting.
And sometimes I have to pinch myself, but fuck.
I can't believe this is who we're speaking to.
I can't believe this is what we've done or what we're about to do.
And you just have to execute.
You just have to execute all these things.
So far, execution has been good.
So touch wood, we can keep that momentum up.
When you're talking to more like institutional
players or potential investors um they ask you if you're a crypto company what what's your response
i'm also part two of that question um do any of them ask you to to leave the crypto aside
and no one yeah you know at the beginning crypto right the beginning, like before this is pre-Trump, crypto was an issue.
No one really wanted to hear about it.
Now everyone views it as a, you know, as a bell or a whistle.
Like everyone's super interested in it.
And that's despite what's happened in Bitcoin.
That's despite, you know, again, like I've just said, all this like bad reputation of crypto is also kind of within CT.
You know, you sort of realize that's true.
Yeah, but you know, outside of CT, these guys, you know, if you speak to someone from Coca-Cola or whatever, this guy is not on CT, right?
He will read or hear about crypto or Bitcoin once every month, maybe, if even that.
So they actually view it, I think, as a positive thing
because the headlines that they hear is,
well, president of Trump's pushing crypto.
The SEC has now done a U-turn on regulation.
This is the new technology thing.
They probably hear about meme coins and Gen Z,
you know, trading around on their phones.
And that's obviously, you know,
that Gen Z crowd is the golden generation
everyone wants to attract to get into their brand or their phones. And that's obviously the, you know, that Gen Z crowd is the golden generation everyone wants to attract to get into their brand or their supermarket. So that's the view of crypto
for most people who are not crypto, I think, which is a good thing for us. And they've never really
pushed back. And I tell, I'm pretty honest that, you know, we're not a drinks company. We're a
crypto company that's doing drinks. And you can say the same thing about like Liquid Death or
even Red Bull when they started, you know, I mean, Red Bull, I guess, was one of the original
energy drinks. But you know, Liquid Death started by selling water, but they're just a marketing,
they were just a marketing company. Now they're focusing on product with the different stuff. So I
think, you know, a lot about, one thing about drinks, CPG, products in general, it's much more homogenized than people realize.
And a lot of the same ingredients,
same flavors, same materials,
they're all created and same recipes
designed by the same people.
And then it's up to the brand to package it up,
market it and tell a story that people want to be part of.
And we have a very strong story, a very compelling story.
And I think we've designed our products,
especially the energy stuff that's coming up to be quite interesting
and very good product market fit.
But we have a really good story behind the brand, I think.
And part of the reason why this works is the brand just works.
Everyone understands and resonates with us.
The branding fits and it all works so um it does our strong point actually is the whole marketing stuff i think i think that's our strong point well it's also it's cool like you can see
it like the whole x games thing made sense it was cool it was out there i think we were showing it
on the screen earlier also like you'd got to figure, obviously you said the giant eagle numbers were crazy.
I'm sure White Rose will be the same.
But you go to a store, right? And there's all these cans.
You really stand out just from a marketing standpoint.
These cans, these bottles stand out and these collaborations, different crypto brands that people know.
I feel like the average normie at this dish kind of knows about MoonPay,
kind of knows maybe about OpenSea if they were kind of involved somewhat in 2021.
I think every single human who was in crypto touched OpenSea at some point in 21, 22.
So Jupiter, especially the normies on that.
So these collabs just work.
What are the next collabs?
Any fun collaborations coming up, Bobby?
Yeah, we should have one.
I mean, we've got two or three in the back pocket.
We may do one coming up soon.
It's not going to be like a large quantity one.
It'll be another kind of like small supply one, like X Games.
But we should be launching our energy drinks next month sorry
so they go into production now we were waiting on one final ingredient which we managed to get
luckily this week so um that's the thing i was worried about you know because if you're missing
one ingredient you can't produce it it sets everything back so fingers crossed we're going into production uh monday
tuesday next week that's huge powders and that means we should be able to launch them in in march
and then the energy drinks won't be too far behind after that as well so those are the two things i'm
super excited about it's what the people want right i think yeah this was the next step and i feel like from all the recent
launches that have been like a little bit mysterious so like you pull like what's it going
to be yeah usually it's like people want the energy i think so yeah i mean there is a much
bigger market for for this especially in our world than there is for just sparkling water.
I've never really consumed caffeine in my life, and I had to obviously start testing
this stuff, and now it's basically made me a caffeine consumer.
I actually have the powders and drinks from the sample. I'm drinking through old samples and stuff just to get my fix. But it's really good. For someone like me who sits at a computer for a long time during the day, it really helps me lock in for 9, 10, 12-hour spells. It's really good. It's honestly really, really good, I think.
Ovi discovers caffeine in a spin.
Ovi is like health maxing right now, dude.
I wouldn't be surprised if the next drinks
are like longevity focused and shit.
They're going to be like zero sugar, zero calories.
You have to be these days.
I went through a whole box of 24 the other night.
I was making it to you a wreck.
I think I sent you a photo at like four in the morning.
I think daddy and I went through literally a whole box of 24
We were just drinking and chilling, right?
And over the whole sitting,
we had like three quarters of bottles of Clastas Hool
if you're of age on the show,
stir it up, oh my, it's great. Exactly. I the half and red ice you make it really cold stir it up oh my
can I ask operations so you've
commented on AI you use AI
a lot you've commented on how it helps you
let's go into like what are your thoughts on
Block laying off 40% is this the next wave?
Well he's always done that shit
Yeah I mean we've always been quite
lean like right now I think we have
seven people including myself
maybe six full-time people and
I basically you know I've got we have a
Claude company subscription I'm just telling everyone to use
Claude for everything but you know
for example here's one use case of it. We were like, okay, we should have some
email reminders in our store. So if you add something to your cart, have a reminder. If you
get a 10% sign up for all this kind of stuff, like for email marketing, because email is
pretty big. We haven't written down much of it yet. And it's the sort of thing you spend a few hours
on getting the design right and everything
and figuring out where to send.
I've basically connected Klaviyo,
which is an email marketing system.
So I have the API connected to Slack,
Design the format of email. Here are the nine different
emails I want you to write up. Upload all the templates to Clavio. Schedule the emails. Make
sure you do them by jurisdiction. So if they're in the UK, it's price in pounds. If they're in the
US, it's price in the US dollars, et cetera. And it's the sort of thing that sounds like not a big
task, right? But that will take you a few hours.
Like the design alone will take you two or three hours.
And then to get it all set up, it's a whole day or two days job.
And we did the entire thing in about 20 minutes.
Yeah, that's the kind of stuff where it's like, okay,
previously we'd have to have a designer.
I'd have to either do it myself or get a junior person to do it.
Now we're just banging this stuff out in like 20 minutes. Okay, next do you have to do what's the next thing you have to do like stick
it to give it to claude have everything connected bang it out next thing so it's allowed us to be
super efficient neither say legal stuff anything legal contracts guidance whatever it is um all ai
like way better than speaking to a lawyer who charges you by the hour.
You know, there's some nuanced things where you may want a bit of legal advice, but
in terms of producing documents, I don't see any reason why a lawyer would be better than AI doing
it, in my opinion. You just have to know how to prompt it. So there's a few more things that
we're working on using it for that people will see. see obviously you have like our ret guy ai which
makes a daily piece of art sells it burns it buys wrecked with it you know like um
so i i think the i'm of the opinion i think i saw what's the anthropic ceo's name again
i saw a clip of him saying,
within 12 months, 50% of lawyers will lose their jobs.
And I fully believe that.
I think the rate of change we've seen firsthand in the last few days,
every day, Claude announcing a new feature,
Anthropic announcing a new feature,
which wipes out an entire industry.
This is just days, by the way.
We were only at the end of february we
have the entire year left and not only is anthropic going to keep shipping but open eye ai are going
to compete against them right like google is going to compete like they're going to all come up with
new stuff that's going to just continue to break down barriers and the funniest thing about all
of this is they can now use their own ai systems they've built to then build the stuff.
So even these guys, they're accelerating.
The rate at which they're operating at and shipping is accelerating
because they're all using AI to do it.
So as soon as they improve the AI models in something,
that will, by definition, just make everything much faster
So it's, I think, a lot, you know,
one thing that's scary about this is you have to think
unemployment is going to go a lot higher.
And it's a bit of an existential crisis.
I don't think we've seen, you know,
at the risk of sounding like Clemente doing his videos,
which I think are fucking awesome, by the way.
But I'm having an existential crisis. I just don't know. How do you? What do you want your kids to do? How do you
teach them what to learn in school or what to pursue? Right? Like, and it's just AI, by the
way, robotics, robotics over our time of our lifetimes is going to go crazy as well. So I
just don't know. Like, you know, I just, yeah, I just don't know. I
honestly don't know. And I think the only thing I could think of is like, you just,
the best way to be future proof is understand sooner and better than everyone else how to use
these tools to achieve outputs quicker and better than everyone else is. And I feel like that's what
we're doing in our company. And honestly, I would be very surprised if there's any other CPG
or drinks companies that are this far down the AI, crypto tech path
And we're not doing anything crazy.
We're just selling drinks.
But the bigger companies probably have hired someone and brought someone
in to do a research thing,
investigate it, bring in McKinsey or whatever.
You know, for us, we're just doing it every single day,
So I'm hoping this is going to give us an edge
in coming months and years, I think.
And increased shipping speed, there's a lot.
You guys are moving super fast.
Yeah. I mean, everything that seeing it. You guys are moving super fast. So much. Yeah.
I mean, everything that we've done to move this quickly
with such a small team has actually only been possible with AI.
There's so many things we've done,
so many corners we've cut by using AI.
And I just want to make sure we're always at the forefront of it
because, you know, this is not like,
oh, I really believe in Bitcoin, I really believe in crypto, I believe in meme coins.
This is not any of that stuff.
This is another level of like, fuck, this shit is insane.
If anyone, I'm sure everyone, most people listening to this
will realize this because we've all seen it firsthand, right?
But imagine like 90% of the world hasn't seen this.
Like 0.3% of the world are using a paid AI service.
imagine that number goes to 5%, 10%.
Like, it's going to be insane.
It's really, really going to be insane.
And this is not an abstract concept.
This is just like, when someone sees it in action,
they're like, fuck, this is mental.
And just most people haven't seen it yet.
It is I'm trying to avoid an existential crisis. I've been
I'm right there. If a day does not go by where I'm like, fuck,
I've got two kids. So I think about a lot. I'm still just
leaning into math, logic, writing. I mean, and they're young,
right? I mean, you have to be good at all these things.
high school seniors must have,
that's like the toughest, I think.
What do you tell a kid going into college to do?
I applauded this today. You want to know what I told you it I clawed this today
you want to know what I told you
so physically unpredictable
environments so plumbers, electricians
etc but in environments which
are unpredictable otherwise you can send a robot
judgment judges, diplomats,
crisis negotiators, deep relationships and trust.
I thought this was a good one.
Therapists, like social workers,
like that's something where you need a human touch, right?
A lot of people are using AI for therapy, bro.
I agree with the first few buckets for sure.
I think people like the sports
creators. Like you can't replicate what we're doing right
Everything we've done, this entire
we can replicate. I fully disagree
because everyone's going to hate AI.
It's already, I mean, it hate AI. It's already, I
you look for the non-infinite content.
Maybe I'm putting my thing in the sand.
Well, this has been great.
I feel like we could go for a while.
Let's give some money away.
I'm two minutes late to a call,
So when we get some money,
do you want to stay with us,
or are we going to give some money away Do you want to stay with us, Ovi?
Let's give some money away.
halfway across the world.
We'll be meeting with KBN and all that. Oh, Let's go. It's a good day. We've seen the meeting with KBN
subscriber Friday, right?
Holy Bean here. Is he here?
Holy Bean! Look at that here? Oh, yeah, he's here. Holy Bean.
I like when it's like a proper, like, you know,
long-time listener that wins.
Where are you, Holy Bean?
Oh, the comments were bugging.
Let's play some Lamp Shop, Holy Bean.
You want to do tracks easy?
How do you feel about this?
I'm feeling good about this one.
Maybe I'll bring in some luck.
You already need 500 bucks.
Remember that you now have to log into a Yeet account every single day and claim 100 bucks
First run. Let's get him to the track oh yeah this is a good run all right all right that was easy holy beans crazy that was easy
that was a clean board oh my god it's clean board maybe it's Ovi. I'm telling you. Oh, I'm not cashing out that.
I'm going to gamble a little bit, personally.
Diego's screaming. You know, Diego's a time of a friend that you need, but that you hate.
You really want to cash out the best board we've ever had?
He's going to cash it out?
I would have gone to $1,400, see cash him out ah you know how old he's tweeting about saving the uk
are we really cashing this out like are we really cashing this out i mean 700 bucks is
like one ethereum it's like 100 sold.
He's got a whole 10 still, actually.
All right, let's cash him out.
Put him on the all-star list.
Holy Bean, congratulations.
Man, Vandal really tried to get us on that one.
That was... Shout out to Diego.
Diego deserves his flowers here. Good job, Diego. So he really tried to get us on that one. That was... Shout out to Diego. Diego deserves his flowers here.
You know how I would play this?
I would probably up the difficulty
and then just try to go to like three or four
because like the odds of you going back to the tracks...
going a couple. Let's start with one while he's talking.
All right, there's one tile.
Holy Bean, what do you want to do here?
I don't want to click more without him,
but usually they go. Oh, a bit like.
where you want to go. Yeah, you got to tell us, man.
So that's one post tracks.
We'll stop in the tracks again.
Well, that was a good run and a fun run.
Holy Bean, congratulations.
Ovi, thanks for joining us today.
And with that being said, we'll see you on Monday morning, 10 a.m. Eastern.