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$REKT Mooning, but are we still bullish Bitcoin? - Rekt Radio #113
Recorded: Aug. 6, 2025 Duration: 0:51:00Space Recording
Short Summary
In a lively discussion, crypto enthusiasts delve into the latest trends surrounding Anson's rumored arrest, the competitive landscape of meme tokens like Bonk and Pump, and the potential growth of Farcoin and Ethereum. The conversation highlights the dynamic nature of the crypto market, where rumors and community narratives can significantly influence trading strategies.
Full Transcription
. so so . Thank you. Hello, Rex Radio, we're here.
We're live.
We missed a couple weeks.
OSF, not here.
Not a surprise for many of the viewers, if you've seen the show.
But yeah, no, I don't know.
He's too famous now.
He's too famous now.
He is too famous and too big now.
He's just touring the world, drinking fucking carbonated water of peculiar flavors, selling them out in 10 seconds.
It's kind of crazy.
Guy's really grown
up to be a superstar in the water industry you know like i i i based my whole week around this
event you know i know i was away for two weeks but but uh from then on it's just you've got to
make sure you turn up honestly after last show i was about to quit the show but i'm here really
what happened well i didn't speak for 45 minutes i I don't know what happened. Maybe it was a bad day, but
I think... You were not having
a good day that day, though. You could see it
in your face. It was a bad mental
health day. I just sat here
and sat here.
Can we talk about the
biggest news of the week, though?
Because I think there's only really one story at the moment,
which is where is Anson?
Is he in prison?
Oh, I forgot about that.
Dude, if you ask Brock, Beanie posted a tweet yesterday,
and I saw it, and it's like, if you ask Brock where Anson is,
Brock will tell you that he was arrested for male prostitution.
Yeah, I saw that.
How did that happen?
What the fuck?
I think just CT spamming a fake male prostitution. Yeah, I saw that. How did that happen? What the fuck? I think just CD spamming a fake male prostitution story.
I mean, I'm assuming it's fake, but I have no idea.
Yeah, I don't know.
I did see on the Ansem...
Somebody told me that he's whole.
Let's read this out.
So Ansem Black Noise 06 was arrested on the 29th of July.
That's a week ago in Miami for male prostitution.
Wow. I thought he was actually after soliciting an undercover officer.
If that is true, can you imagine the scenes?
And some on the streets of Miami getting caught.
Pretty wild.
Under one post about this stuff,
I saw a couple e-girls saying that he had been watching their Instagram stories,
so I'm not sure if he's in jail or not.
And I also don't know if that's true,
but I saw the comments, and I think it's hilarious.
But yeah, we need him back, bro.
Ansem's a good main character.
I feel like a lot of ct goes quiet over august you know the ones that have made it are in ibiza um uh or mickenall some
of these islands and and you know the ones who are still poor who are on ct um that's why we're
all still here and osf's in in scotland playing uh playing golf speaking of have you seen that's
another big story it's just a story in the world of memes i guess not even influence but you must
have seen the abita final boss oh my god i love this guy yes he's such a chat what is this the
ball cut guy yeah yeah yeah but you see him and his friends.
This is not just him, right?
This is a crew.
He's rolling deep.
I'm wondering if the hairstyle...
Am I going to have that hairstyle in a year?
Is it going to be cool?
Are they way ahead?
I don't know.
I don't know.
I mean, Coop, do you still have hair?
You're pretty old.
I'm pretty old, but I still have hair.
And I look young. I can pull off the final boss look that's a lot looks like
a hat I think it's fake no no there's like a few of them honestly I think
that's a look I don't so has he got a coin yet kook i know you're in
you're in the trenches a little bit more is there a runner here there was a coin yesterday yeah i
didn't buy it um and i have no idea how it's doing but yes there is a final boss coin i think that
the idea of the trenches and these attention points is completely cooked though like elon
tweeting about his new flagship waifu product 700 times
couldn't create like a proper runner so but i love it like if i saw that 10 minutes after it came out
i would have been i would have been aping but yeah the banner animated bani coin then uh
crypto coins created sentience yeah yeah that was a we should talk about that a little bit i feel like
um each each week this is this is the story again of the week which is the mudslinging match between
uh bonk and and pump and it's getting a little bit personal.
It feels like,
definitely feels like there was a main character moment.
We spoke about it on the show a few weeks ago, right?
Like, I kind of like the Bonk guy,
but then when you come main character,
people are going to come for you.
And like, it just feels like it's a full-on war out there between these two platforms.
And then now Pump seems to have done a bit of crime of themselves, maybe with, with a few of their like recent runners.
What do you make of all this?
Well, I've had a lot to say about this, actually.
I will say disclosure.
I have a trade on this pump token.
Like I bought the ICO spot and I'm just going to hold it. It's a pretty good trade to a certain F this pump token like I bought the ICO spot I'm just gonna hold it
it's a pretty good trade to a certain FDB maybe like eight billion but uh then hands off and I
don't care which move or trade if you're listening to this but uh I don't know man it was pretty
clear to me from the beginning like this block look their launch pad was and I'm not whatever
they did a good job and if you like the and ultimately, like, I think memes are totally cooked.
And that's why my position was they launched the launch pad a year and a half too late at the same time as 20 other people decided to launch their launch pad a year and a half too late.
I haven't seen a single original meme out of any of these things.
There was even some controversy about useless coin, aside from the insider for balls and my font guy and Tom being
And he's working with I don't want to name them. He's working with some well-known like mega farmers
But they also there's some kind of a
There's there's another useless coin and they like took the branding and stuff. There's posts about it on Twitter
I think those guys own the ip yeah dude there's like literally a team that's like trying to legally attack them
saying they stole the idea um which is to me even the premise of that is stupid i'm just saying
that's happening um and it's fully like just a ripped off coin which is hilarious because the
guys who made what they're claiming is the original useless coin is just a ripoff of far coin and 20 other coins before it moonshot with worthless coin
like this whole the whole entire trenches industry meme sector got completely watered
down and destroyed um and so i think bonk like they had the time in the sun i said it
right when useless took off they'll have week, a couple of weeks where they flip up and market share and then pump will come
back out. Alan, it seems like he personally,
he purposely didn't say anything for a couple of weeks because he just let like,
you know, CT do its thing and the hate, you know,
fester and whatever. And the, the kind of pants fall off,
bonk launch pad. I think he made the right decision.
He also seems to be a huge KOOT fanboy.
Anytime I tweet anything, he likes it instantly.
It's the best.
But yeah, I wouldn't say I'm biased.
I just think I never saw any originality.
If I was going to make a trade on either of these things,
I would make a trade on the ones who have proven to be the market leader
and innovator, and that would be pumped.
And so it seemed obvious to me that they would come back
and take back number one market
share.
But I got to say, I'm like, I'm bearish on this sector.
And the only reason I hold pumps like spot tokens is because they have, you know, the
biggest war chest in crypto.
Alan does seem like he wants to win.
He had some aspirations about Web2, this, that, attacking the social media companies.
Whether he's going to do that, I don't know.
It's just a trade but uh if you had to bet on one of these things it should be pump i think
yeah the chart looks pretty good so yeah i don't disagree with that that i feel like at the moment
and i'm not someone who's really trenching that much but it does just feel like
it's just cabal versus cabal at the moment rather than like anything necessary like
i know troll has run more recently which i guess is a bit more of an og meme but
it also feels like people have got together on a few of these more recent pump means and like
yeah like we need pump needed a runner and they got a runner do you know what i mean that just
happened so it kind of felt like yeah i would suggest that that probably has got similar sort of vibes to it as
some of these other more organized Pumps.
But I didn't like the troll thing necessarily. It's a decent coin.
It's a funny meme, but it seems like it's a good meme.
Like, like he's working with some partners too, probably.
And like, whatever, send it to a billion. I don't care.
Like I'm not really buying.
Exactly. Right.
Like it just feels like that's gone to 200 and there's been a lot of good memes it's gone to 200 because
like needed pump needed a runner and it was a good time for a meme like that to go so i think it could
keep like just like you suspend to 400 this could actually just keep going couldn't it
but did you see me tell him yeah did you see me tell him to talk about part coin and then he did it yeah i bought some on the back of that i used some literally
i was quite proud of myself for that but uh if you want to i don't know how to pull up a tweet but
i basically i don't know if i can swear on this show but i said i control that nigga
because i screencat me telling him you should talk about far coin and then him talking about
far coin a few hours later because he came out and said like troll and this like these other coins organic and it's like bro
your winner is far coin and the only reason you're not talking about it is because it's not on pump
swap so like he's not making a couple pennies every time someone swaps so it seemed like oh
he doesn't want to talk about that and i thought that was the wrong approach so if he le he leans into like, what is, you know, the biggest multi-cycle coin,
like the biggest winner out of memes, arguably there's five in conversation
or so, whatever, but for me, it's Barcoin.
And so it was cool.
I liked that he came and talked about Barcoin.
It still has Pump in the CA, right?
That's the brand.
Like that's the best Pump ambassador coin that he has, I think.
And it'll be the most successful.
I actually think that that is a very fair criticism of pump in that even when he tweeted out, he tweeted out three new coins in the last month. Right. Bonk is built around the success originally of Bonk and they have some goodwill around that.
And they're seen as kind of like good actors on Solana
which is why all this stuff did well
because they like managed to create an ecosystem which is
sustained value
the fact that he kind of just tweeted
out pump swap tokens
and he's always focused on the new runner
like this only works for
them if Farcoin in my opinion
does really well like if their
runners actually continue to do well
i think that they need to focus on that a little bit more which is why i bought farcon off the
back of it because i was like maybe he gets that a little bit more but he needs to like
make sure that some of these like og coins do better but then it didn't really even pump like
it was it's up like three percent since i bought it i was like oh this this feels like a bit of a change of tone by him yeah i was surprised it didn't really pump
either but i was also happy that he he talked about it and i didn't i had the same thought like
i didn't like when he only talked about these three newer coins that are pump swap tokens and
it's pretty obvious why it's kind of like missing the forest for the trees like
if he's going to bridge the gap until they innovate again hopefully if i'm him again i don't
really care if they innovate like this isn't like a hype level trade for me it's just a trade
and so he's going to bridge the gap until some attention comes back or they do something really
different to bring attention back because he wants to turn it into some social gamified team-based thing, esports, whatever, social media.
I'm not sure.
But the thing that can bridge the gap is helping the mega winner coins maintain attention.
And I think Parkcoin is a multi-cycle coin.
So if he shuns it, it's a bad look for him, I think.
And so I liked that he came out and wrote up a little thesis on on it even if it was a little like hammy I think he did
that on purpose I think he's pretty based I actually like the way he tweets
and like how he communicates it he's cool like Jew mode that was legendary and
especially because it just nuked the chart pretty awesome he's got some
iconic lines he's definitely had some iconic lines but I liked what you said
before which was that this may be just not even the the right product right like i've been thinking
more and more that this actually might be a bit of a shift back towards nfts which would be kbm's
bags but i just feel i had a conversation with spencer um and a couple other people last week
and they were like they're all talking about how these treasury companies are now circling NFTs.
And I think we could be close to some sort of announcements around that.
We've seen like ETS with Pengu and that caused Pengu as an ecosystem to rip
after that got announced.
But I think we may start to see like nft treasury companies uh basically or maybe eth eth plus nft uh companies
what do you reckon kbm are you gonna get out of those final nft bags i don't even do i have i'm dusted brother uh you got some one-off one art right yeah i got this i
think um i kind of feel like we're heading back that way i feel like nfts might be the product
for the next time you could just mark the market whatever the you please if you go down that route
so maybe it's a good scam um you know you can mark stuff up crazy amounts really um so yeah i don't know i wouldn't
buy any of this to be clear this is this is garbage this is not this is not like oh you
got some great cards those pepe cards i got some pepe cards in there this is a graveyard of you know good times past that have died and gone to
zero the chop says should i hold on or sell my budget i think this is the time to hold on to your
mfts like just for a little bit here because they've pumped frank really given it back
frank frank is the best i'm not going at it don't you're not buying the cocaine hat frank frank is the best i'm not going to have a cocaine frank frank for sale hell no
that's a great is this your is this you you've got this you've got coke birds
imagine if i had that many This is a great exercise. Would you?
Yeah.
If you need anything on this list, by the way, KPM can give you a really good deal for
any of this type stuff.
Like, you know, this is stuff that's value.
I would say this is a value.
You're a value investor. If you see long-term value in some of these um
a lot of this stuff was just sent to me clearly i didn't buy like any of this
there's a rare apple border those are the scam ones. No.
Yeah, I didn't buy those.
You got a lot of scams here, actually.
There's a lot of scams that people put in my port to try to trick people.
There's some DK Let's Walks.
Those are cool.
Keep going.
Let's see here.
This doesn't even show the one of Onar, to be honest with you.
Or does it keep scrolling?
Infinite. You go to Hashmask, and you see that 100 100 each hash mask left side act we still have that of course bro who the was gonna buy it nobody
16 383 right there did you buy the last one to reveal the whole thing is that what happened i
did man i was it was my first foreign nfts and i was like
i was like damn this is epic like i want to reveal this collection i'm i like collecting
things and i'm as a degenerate let's reveal it and uh that cost me 100 beats i think it was 180
grand you go to cyber thongs as well well i have cyber thongs they gave me one the other week they
just messaged me they were like yo we give you one will you just vault it i was like i'll vault it
forever i don't give a shit sure even though that four eighth is looking nice right now but i would know i'm not gonna sell
it vaulted for good they gave me the yeet sunglasses uh cybercon what kind of one-on-one art do you
have i kind of are you buying no no i have some art blocks but i don't't have 101 art. No, I have Ness. Where's the Ness? That one's great.
Is this worth anything?
Can I sell this?
Yeah, sell it, dude.
That's probably worth a decent amount, the KT.
Wait, this might be something.
I got to see.
Is there any Rektcoin attached to this?
This is essentially a yard sale
of NFTs. Is there a Rektcoin attached to this? This is essentially a yard sale of NFTs.
Is there a Rektcoin attached to that one?
Somebody let me know.
If you kept a red light district, there's about 40 grand, I think,
or 35 grand.
But I'm guessing you didn't keep that.
Well, I got bills to pay my amando
what is that you have so many you have so many like oh there i got some people's down there the
people's those are worth something actually oh wow the everydays will be worth a lot yeah yeah there
you go when you said those gotta be worth like they sell for like 15 20 right yeah there you go. Those got to be worth, like, they sell for like $15, $20, right?
Yeah, there you go.
I'm not going to sell them.
$200,000?
Maybe.
What about you,
you think we're mid-curving all this?
Are you ready to go back into NFTs?
I just get the feeling that's going to
see something.
Find the net. Yeah yeah I think like the top and highest quality and empties will continue to do well and we'll
only do better and better like the pudgy ETF the Pengu ETF it can hold up to 15% in budget
penguin and empties and so I think you'll see like maybe
not a CryptoPunks treasury company
but like ETH treasury companies adding
CryptoPunks for sure
I think in 10 years it'll be hard to get a CryptoPunk
I think certain one of
one art will, I don't know about
price list but like 12 ETH on an everyday
might be low
I don't feel strong enough conviction
to buy this stuff but
i think that there could be trades there like but they're like 10-year trades right like
i own a couple art blocks for this reason like i got a i got a rare squiggle it's my coolest one
a lot of the other stuff's bullshit but uh yeah i don't believe strongly enough in nfts to like
allocate real capital would have been smart
to do like two years ago and like wait for this to happen but gotta see small oh man i agree you
like blow smalls up i have like 40 or 50 small brains yeah i did well for a while yeah i didn't
sell my bag yeah you were a bit of a kingmaker at one time kbm of nft collections it felt like
man i don't get back there i don't like the look in the past
we should um i agree with that i don't i'm not saying you know i'm not saying that kbm's nfts
aren't going to be the top of mind but but i would say that yeah i would stick to like the highest quality that you can but i
think that as a narrative punks and yeah that as a narrative would be pretty strong
i mean pudgies has already got it right basically but you're just gonna get treasury companies that
go out venturing outside punks and pudgies seems pretty stupid unless you like buying one at one of one art that you like because you like it.
Otherwise, yeah.
Right, guys. You don't want to buy some rec as being on rec radio without rec.
I don't support rec as a brand.
so much
honestly the rect radio
like group chat is just a bunch of like
passive aggressive like
where is the rect coin
like
where is the rect coin
people are fucking DMing me
like I get DMs like hey
dude listen for rect brands I'm like buddy I'm not
affiliated with rect brands stop DMing
we have to make sure we have to make sure that the we're wrecked brands. I'm like, buddy, I'm not affiliated with wrecked brands. Stop the other.
We have to make sure,
we have to make sure that the wreck radio crew, uh,
do well out of this.
It's funny.
Some guy in your community of wrecked is scamming.
I was like,
well,
I don't give a shit.
I don't,
I'm not.
Message somebody else.
It's Mando.
It's Mando though.
Yeah.
Fucking. Uh, yeah, Message somebody else It's Mando It's Mando though Yeah Yeah
We got
We got
I mean
Yeetalys is sponsoring
For the prizes
We got to get some
Rekt sponsorship
Right
All we get is like
Rekt drinks
Into the wrong address
I think I'm running out already
Yeah
It's tough
Because you haven't got any
Unreal fade The the interns in here
a single wreck guy yeah god we need to change some of this we need to change some of this
that's for sure um grifters yeah grifters would be a good one x cop i mean if if punks move the
next copy editions will move next there's no doubt i mean if if punks move the next copy
editions will move next there's no doubt in my mind that'll be the next thing to like
do everything but i just you know i see the puppet masters of nfts all yeah they're all
talking about stuff i feel like we're about to see a bit of a shift here uh so yeah i kind of
feel like that's the trade and then everyone who's been
in these like bonk versus pump fun wars would like be like oh crap i've got to get involved in
nfts again but what will they chase though like that's the thing i think it's only like the peak
pinnacle assets that are going to go out i guess i mean if the if the puppet masters of NFTs as you say create some new
height mints and promo and maybe it changes but like will there be new stuff
to buy will there be degen mints like I don't know I don't I don't think people
fall for that yeah yeah maybe not degen mints but I think I think like the
derivative I like little pudgies may like absolutely mean you know or what's
like a punch of D1 pun or what's like a punk?
V1 punks might not be a bad buy.
Like if you want to do multiple, I reckon this stuff may move.
What's the difference between a V1 punk and a punk?
I don't even know.
So the crypto punks and like, there's a lot of sensitivity around this. So sorry if I butcher it.
The crypto punks devs fucked up the original mint of crypto punks
uh actually you might love a crate like this kook and they have an original collection
basically of v1 punks and then they had to restart the mint so that's why they're called v2 punks
because um so there's like this collection of original crypto punks which were minted but there
was an issue with the finishing off the mint or like maybe there was an exploit or something like that.
And so then they had to mint it again.
And the second mint is actually the CryptoPunk collection that you know now.
But there is a whole collection of CryptoPunks called V1Punks who's traded about a fifth of the price of maybe a tenth of the price of b2 punks and
the people in v1 punks are like these are the original punks um yeah that's very interesting
it's interesting yeah but i don't like wow i mean i don't know two and a half these
but i don't like i mean two and a half days
moon cats say they're the first generator mft and no one cares but i own some cats you know like
three years ago i was like oh whatever three and a half years ago whenever it was but i'm like oh
yeah like this is a good trade people will realize these are like the real history it's still
interesting if i was going to buy this thing i would also be planning to sell it i think social consensus ends up being what matters and it's hard
to change exactly the effect but interestingly a lot of the v2 punk whales are also v1 punk whales
so there's like that's why there's a little bit of like sustained respect for the v1
punks because a lot of the v2 punk guys like have huge bags in this too so they're like oh this is
actually worth something and they they like to claim that their v2 punks are going to be worth
tons in the future so maybe we'll get buy some v1 punks maybe that's maybe that's the trade here
it feels very much like a kook trade this you know yeah all the v2 punks they uh go after the
v1 punks triple them uh exit you know i could actually impact my own trade it's one of the
rare trades i like these kind of trades but i i think i think you
you strike fear in the in the punk community if you if you really were buying these i wouldn't
even know i love punk so much i can't believe like yeah i don't own a punk to this day i'm
still gonna buy one but now doesn't seem like the time we'll see i don't know can we have a look at
them can we bring can we bring up the CryptoPunks website? I'd like to
I've been looking at maybe buying one because I've never owned one. You never owned one
All my time
I was gonna buy one last summer or whatever
I think they were like 27th or something when I was looking and I was like, oh wait
And then I didn't and it was like, oh, wait. And then I didn't. And it was like the bottom.
26, 27.
They were
27 ETH?
Something like that, yeah. Under 30.
It would have cost me,
it was going to be, I think, 28 ETH
for a reasonably cool one, not pure
floor.
Can we go to the attributes
style? If you go up, I think you can select by attribute maybe on the
website i wish i had some punks uh yeah that one we're coping that this is a trade we should be
we should buy punks yeah i'm looking down here and kind of like what actual because a lot of
the traits are actually kind of the issue is i actually think i don't like a lot of the traits like the most rare are the most rare traits let's go from the
top from the top um beanie i think is cool right i think if you're like if you're cool you don't
buy female punk as a guy right are you i mean you could buy a white hair or something. Not like making your persona, but as a trade.
Yeah.
I'd buy a white hair.
But like Bucketeenth being rare is not exactly that great for me.
Who's the booties?
Aren't they pretty rare?
Top Hat feels kind of mid.
I don't know if you...
Top Hat's terrible.
Yeah, Top Hat looks bad.
And it's rosy cheeks.
It's like, bro.
Cowboy is terrible.
Cowboy, I think, is okay.
It's just like people with cowboy profile.
I just don't like them, maybe.
Yeah.
I think you identify these punks with their,
who owns, like, the main person who owns them too much,
and it's like, eh.
Like, I just don't like hoodies either it's just like too many righteous people yeah it's tough that's why i
think you gotta if you're like a rich chad you just gotta buy an ape or a zombie that's cool
i like 3d glasses or vr glasses i think i think i think those are cool. 3D, I think it's probably. You can make cool. Banking on a comeback for the Apple, whatever, eyeglasses.
That's possible.
You never know.
That's a solid value trade.
I think red hairs are nice.
Those red hairs are kind of cool.
I reckon you could be a red hair punk.
Yeah, red hair is cool.
Red hair with cigs
That's cool
Just speaks you know
Class
Intern's going super fast
Alright
I mean the redhead zombie with the poop mouth
That I sold was actually pretty tight
I wish I had that
The thing is the most annoying thing I would find about having punks
is having the worst one of a valuable...
There are some terrible-looking zombies, for example.
The ones with the dildo heads or the ass eater one.
That 2K one is 7 and a half seven point three
million like yeah yeah no one's rocking that like who the hell is rocking that
sale scroll down to the most recent sales
wow four years ago those 30s
uh yeah these are nice though anyway where's your where's your trade kbm that was it that was it
four years ago one of them bring it up let's see this trade where is it wow nice one that one mil two mil i mean it
was one mil was it that one yeah wow oh my jesus yeah well
yeah i think punks are great obviously can't go wrong wait what i want two days
holy yeah two days dude you don't remember this is when b's and poor punk
sorry these are poor punk the market spent nuts it was like the cheap it was offered
though that price right it was like it was like being offered down um no it was a vault that got like liquidated it was right before
the run i don't think it was when visa bought it it was just like i bought it weeks later but
it was just uh 3ac bought it from me actually i feel like you'd cook actually as as doing the punk's OTC stuff came in I
feel like that's that you would yeah because if NFTs get liquid again like
this shit can I reckon there's gonna be some great brokerage stuff yes I'm good
all right I'm starting to fund if anyone wants to throw in honestly if you want a
fun KBM to do this i reckon you make multiples on your
money doing this like if if nfts become liquid again uh there's stuff to do lovely i'm quitting
you it's done i'm gonna start we need you man we need you too many founder holidays at the moment
what um what else are you looking at at the moment this week, Kuk?
You making any money on other things?
What am I doing?
Not really, bro.
I haven't really made many trades.
I've just been monitoring and tinkering trades I'm already in.
I don't – yeah, the memes are kind of cooked. I'm sort of just waiting to see where the next,
where the next wealth creation meta is going to come from.
It could be NFTs and I'm just stubborn, right?
Like it's already kind of started like we were just talking about,
but I don't really, I only believe in the top end ones.
I don't really want to throw the money at it.
I don't want to force a trade.
Yeah, I don't know, man.
I don't, I don't have any good ideas, no good new ideas right now.
Yeah.
I think it's NFTs.
Believe me on this one.
I think it's going to do fine.
I also think that if NFTs rally and you start to see this,
let's say we start to see like
one of the bitmine vehicle you know bitmine tom lee's rocking a pudgy penguin already right
you you don't think that he's thought about doing this for pudgies before like you're blind like
the main eath guys are all crypto punks or their pudgies right and they are thinking about this
sort of stuff there's no doubt in my mind so So if they do this... How do you make money off that?
Well, I think the obvious trade again is actually ETH
because if NFTs come back as a thing,
I reckon ETH becomes like
as a currency again, comes back.
But if not, then I actually think
that you have to think about
what we just said.
If you can't buy a crypto bank,
right, that's fine.
But I think you can think
about the derivatives
like little pudgies, probably rat guys would do pretty well in that environment it's just like a
like there will be stuff in the one to three eth range or 0.5 to three
eth range which i reckon will do well like crypto dick butts might move pretty well
i reckon because it's the same sort of group um i'm just telling you like the stuff that might move
i guess things like art blocks
but there's a lot of whales in art boxes a little bit more difficult too many collections and
dilution and shit it's just like wow they might have a run you know you see that guy adam weitzman
came in and bought 5 000 other deeds yeah what the fuck how do you see this guy like just pay
attention like there's some random stuff happening in
nfts right now like money that guy's been going around nft collections and just like
mine um i'm not saying for certain yeah and i think i think the timeline kind of needs it i
think the timeline likes trading nfts a bit i think i think they although everyone's kind of a bit sidelined or at least some people are kind
of sidelined it was people find it a little bit more fun oh god yeah everybody likes nfts that's
like a common in crypto twitter like everybody loves nfts and everybody kind of misses trading
them but everybody knows that you only lose money so they don't really touch them. So everyone's sideline. So actually
Probably is the trade and I do like the idea of these like
Half ETH to 3 ETH like, you know, everybody's priced out of Crypto Punk. So what will they chase? And like even a pudgy is expensive. So maybe they want to buy little pudgies
So there's probably some trades there. I'm still fading it though. I'm mid curving the whole thing. I'm just like
It feels to me like forcing a trade at this stage you know maybe when tom lee's already wearing the
pudgy maybe the trade passed so imagine the headline of pungie penguin treasury company forms
like that's the canary etf like i think that's actually gonna but that's just the etf i'm talking about
no i'm not we're not but i think it's gonna happen i think there's no doubt and then what
they reverse reverse merger it onto the stock market well like bitmine like the bit mine team who are all in on eth right they could easily announce a separate eth uh uh like uh like a very like eth beta treasury all right yeah i i very i have
a very easy time seeing like a crypto punks treasury company as regarded as that sounds
we're like you definitely go bucks it would be one of one art it would be crazy it would do well uh the first day maybe we should
do it that's what udi did man the first day did a bunch of treasuries yeah i mean everyone's done
doing treasury scams and they're going down the list you know of shitty things to do it with um
i'm open to it i think somebody actually called me yesterday and said they have a SPAC. Not a fact. Sorry. A
company on the exchange ready to take a reverse merger of
crypto, any kind of crypto company. They're open to it. So
guys, this is the thing. We can do it once I'm in you. I'm
20 million dollar option right here up to up to nine things so this this conversation
started for me because i had g money and spencer on my other show i do for real vision on friday
and both of them were like indicating that like stuff's going down in new york and i was like oh
okay this feels like and then people and fts keep on saying to me oh stuff's gonna happen i'm just like oh okay i think i can guess
wow i feel like i should be in the background trying to do something i feel left out
yeah you feel left out when you when you get in the crypto punks chat again and uh
cool that they're in a terrible position i don't think i'm the right one. It's not active anymore.
Crypto? No, it is. VIPs, but they don't know I don't own a punk.
So I'm trying to lay low. Let's keep that under wraps.
Anyway.
You might be up there.
No, we're not at the time yet.
Go watch that show.
The institutional treasury funds driving the AMCs like punks could reshape the market
and drive them.
And these are the guys that they met Adam Weitzman for lunch, like, and...
Wow.
I could just read between the lines here a little bit.
There's stuff going on.
Yeah, makes sense.
A lot of free capital
um how do we get them yeah i think i think that's the thing
how do we get some gambling i think people are still gambling
heat volume going through the fucking roof right now
well well
well it's not a good kind
anyway Wow. Well, it's not the good kind.
Anyway.
What else?
Yeah, I don't know.
That's all I'm looking at.
I agree with you guys.
My trade's really been ETH because I still think that's the easiest trade.
I bought some Farcoin yesterday
on the back of what Alan said,
although I actually grew
a Farcoin position rather than through it.
Rex is just hitting new all-time highs every day.
Hitting new all-time high today.
It is?
I haven't looked at it in a long time.
I've been beating all of that.
550 million now, dude.
We're finding 15.
Producers.
Producers just going to start writing stuff in the private chat.
I had like 200 rec guys.
200 rec guys.
How much would that be worth?
RLD?
Holy fuck. You would have got a lot of frequent.
That's for certain.
Man.
Who has the most fumbles in the NFL? I might have the most fumbles in crypto NFL I might have the most fumbles and crypto you
gotta keep gotta keep making pit pitches like us what's that Michael Jordan's
quote isn't it Wayne Gretzky Waynene gretzky you missed 100 of the shots yeah i don't know how many
more shots i have in me boys that's my problem with this stage of the cycles like i have this
like psycho thesis and i'm just like i've dialed it way back it takes a lot to get me into a new
trade now and it's costing me like that's you know there's a few things that seemed obvious that this record it's wild yeah there's a jordan quote too i've missed more than 9 000 shots in my career
i've lost almost 300 games 26 times i've been trusted to take the game winning shot and missed
i've failed over and over and over again in my life and that is why I succeed KBM we gotta put that up against
the fucking wall
my friend
he's only missed 26
game winning shots that's pretty sick
that's like it's a stealth
yeah that's pretty good
yeah
he's done pretty well there
my arms are getting tired man I don't know how many more shots i can take
i mean come on yeet's got to be worth something at this stage i'm just going to give you a last
shot on goal for that one it's in the air it's in the air now it's fired off the shot is in the air
we'll see where it lands yeah we're gonna we're gonna hear about some sort of otc chat in two years that
that kbn's just two years now does anyone want to buy some equity
you're the number one stockholder dude
hilarious
hilarious
anyway um what else do you like
i don't know otherwise it's pretty chill
building something kook ever thought about getting in that
you've been dancing around the trenches for a long time i feel like
this is the era of being the face of something right
like just saw sydney stevei was at like nine billion to american
eagle whatever like if you just like all the face you could just kind of take a good product really
oh it feels like i thought about it i've tossed some ideas around but i think like
yeah how do i put it i i if i was to something like that, I would kind of be doing it for like
legacy or to make an impact. Obviously, I would want to make money, but I'm not really out here
trying to make money. I had some goals which I hit. I'm chilling. I consider it late cycle.
I wouldn't rush into anything like that. And because my own like super inflated opinion of myself as a visionary
it's a little bit of a joke 50 joke but i would want to be if i was to bring an idea to market
i would want it to be like a first and like something i would have to have the right idea
and i haven't had that idea yet but uh i've tossed some stuff around in my head like i wouldn't rule
it out and if you're listening and you're like oh this is cool bullshit
he's about to hit us with a scam like next week I'm not but yeah the idea of
launching something would be cool but I would want it I would want it to be the
right idea and I would want people to yeah I would want it to bring something
new to the table like Alan right like not i mean i'm not
saying this guy's on the 50 richest people in the world list now like this is a generational
it was simple yeah yeah exactly because i always try to think of these new ideas like uber
like uber was the most obvious fucking thing ever right and then some dude just did it and you're
like how didn't i have that idea? So,
if that kind of idea presents itself in a different way...
Oh, a multi-billion dollar idea?
No, no, no. Yeah.
Something weird. It would have to be
cool, and yeah.
You know what I mean. I'd have to have the
right idea. But I've
tossed around this thing in my mind.
But it would have to be the right
thing one day maybe makes sense yeah I feel like I've had a lot of okay ideas
out there and a lot of bad ones as well one thing I've realized about running a
business is that you need the idea person and then you need a ton of people who are just going to like do stuff like operators yeah like
it is unbelievable how much you need that more than even the idea because the idea that you start
with often is not even like like when we first spoke about you back in the day we were actually
thinking about launching like a like a roller coaster competitor
for rollbit like we were like oh this is like a good product and then and then it kind of adapted
into oh actually we should do um uh maybe like a full casino and sports book um and then we were
like i'll do it like a quick route and then we try to do a big route and then
like i fully build it out but like it never really is what you first think it's gonna be so you can
have like a good concept and then like pump for example right now right wasn't pump on blast at
the start or something like that it was like pump started as like a token launch pad on blast i'm
pretty sure and then they they decided yeah and then they decided that
they either blast or one of those like l2s and then they pitched it to um solana and they moved
to solana and then and now it's like become this streaming we want to take on facebook thing you
know like it's never what you think it is yeah blast it
started on blast like do you think they had that what at the start like they just started they just
built something and then they just ran kind of with the concept and if you have smart people
you kind of adapt you have with a fixed amount of money like you just kind of kind of just make
stuff happen that's what i've noticed
yeah to me the key idea there i mean it sounds stupid but he's like yeah i'm going to fully commoditize token launching into one button click and that's the kind of idea i need to have
that was the genius idea and then he puts it on blast big mistake does a u-turn and like builds
it out streaming all this like tertiary stuff to the original idea.
The zero to one idea is, and it looks so obvious in hindsight.
It's like, well, why didn't someone do this before?
In two or three cycles before, it should have been done.
Yeah, it's cool.
There's tons of ideas like that left out there.
Maybe, I don't know.
Can't rush it
there are obviously there are and the idea that there's no good ideas left is
just like I think it's just loser thinking I think there will always be
good ideas and often actually you don't have to be the first like the like you
can you can kind of copy a good idea and do it better than the first i've noticed as well like bro can i make a comment on that because this is kind of it's kind of
funny it's like a little bit outside of crypto but i think back to this all the time Thank you. Thank you.
